|
Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
MYK LATICRETE INDIA PRIVATE LIMITED (w.e.f 21.11.2007) |
|
|
|
|
Formerly Known
As : |
LATICRETE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8-2-703/A, Leela Gopal Tower, Road No. 12, Banjara Hills, Hyderabad –
500034, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
04.05.1999 |
|
|
|
|
Com. Reg. No.: |
01-031624 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.32.604 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999AP1999PTC031624 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
HYDL00422C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL5557E |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Tiles Adhesives and Grocits. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (38) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 760000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The latest financials of the company are not made available. As per previous year’s record, the company is found to be normal for
business dealings. However, trade relations are reported as fair. Business is active.
Payment terms are unknown. In absence of latest financials, the company can be considered for
business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SME 1 |
|
Rating Explanation |
Highest credit quality with negligible credit risk. |
|
Date |
24.07.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office/Corporate Office : |
8-2-703/A, Leela Gopal Tower, Road No. 12, Banjara Hills, Hyderabad –
500034, Andhra Pradesh, India |
|
Tel. No.: |
91-40-30413100 |
|
Fax No.: |
91-40-23378784 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
C-21, Sotanala Industrial Area, Behror-301701, Alwar District. |
|
Tel. No.: |
91-8455-220119 |
|
|
|
|
Factory 2 : |
Survey No. 314 and 316, |
|
Tel. No.: |
91-8455-220119 |
|
Fax No.: |
91-8455-220424 |
|
|
|
|
Regional
Offices :- |
Located at:
|
DIRECTORS
As on 26.09.2011
|
Name : |
Mr. Muni Krishna Papagari |
|
Designation : |
Director |
|
Address : |
Plot No. 762, (Old No 263) Kamalapuri
Colony, Phase II, Hyderabad-500073, |
|
Date of Birth/Age : |
01.02.1944 |
|
Date of Appointment : |
21.10.1999 |
|
DIN No. : |
00011580 |
|
|
|
|
Name : |
Mr. Murlidhar Yadama |
|
Designation : |
Managing Director |
|
Address : |
A/4 Trendset Ville, Road #3, Banijarahills, |
|
Date of Birth/Age : |
16.04.1972 |
|
Date of Appointment : |
04.05.1999 |
|
DIN No. : |
00034952 |
|
|
|
|
Name : |
Mr. Kirthi Krishna Yadama |
|
Designation : |
Director |
|
Address : |
A/4 Trendset Ville, Road #3, Banijarahills, |
|
Date of Birth/Age : |
28.09.1974 |
|
Date of Appointment : |
11.12.2000 |
|
DIN No.: |
00505766 |
|
|
|
|
Name : |
Mr. Rothberg Allen David |
|
Designation : |
Director |
|
Address : |
30, |
|
Date of Birth/Age : |
16.02.1954 |
|
Date of Appointment : |
22.03.2000 |
|
DIN No.: |
02644434 |
|
|
|
|
Name : |
Mr. Brujin De Ernorgerard |
|
Designation : |
Director |
|
Address : |
3, Kensett Ridge, Norwalk, Connecticut-06851, |
|
Date of Birth/Age : |
08.03.1962 |
|
Date of Appointment : |
22.03.2000 |
|
DIN No.: |
02644440 |
|
|
|
|
Name : |
Mr. Janet Nowak Brunwin |
|
Designation : |
Director |
|
Address : |
333, |
|
Date of Birth/Age : |
12.08.1956 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No. : |
02816946 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Y. Muralidhar |
|
1389200 |
|
Laticreteint Inc. |
|
1630200 |
|
P. Munikrishna |
|
56000 |
|
Kirthikrishna Yadama |
|
130000 |
|
P. Sashi Krishna |
|
55000 |
|
Total |
|
3260400 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2011
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Directors or relatives of Directors |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Tiles Adhesives and Grocits. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Powders |
MT |
NA |
84400 |
35722 |
|
Liquids |
Ltrs |
NA |
720000 |
542380 |
|
Others |
MT |
NA |
900 |
374.96 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
C. Ramachandram And Company Chartered Accountant |
|
Address : |
3-6-237, 606, Lingapur La Building Complex, Himayathnagar,
Hyderabad-500029, |
|
Pan No. : |
AABFC4266H |
|
|
|
|
Joint Venture : |
|
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3260400 |
Equity Shares |
Rs.10/- each |
Rs.32.604
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
32.604 |
32.604 |
32.604 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
158.524 |
101.631 |
63.841 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
191.128 |
134.235 |
96.445 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
105.905 |
75.010 |
54.509 |
|
|
2] Unsecured Loans |
10.255 |
10.255 |
10.255 |
|
|
TOTAL BORROWING |
116.160 |
85.265 |
64.764 |
|
|
DEFERRED TAX LIABILITIES |
25.172 |
8.572 |
6.837 |
|
|
|
|
|
|
|
|
TOTAL |
332.460 |
228.072 |
168.046 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
144.806 |
73.652 |
64.131 |
|
|
Capital work-in-progress |
0.018 |
7.007 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
88.927
|
58.614
|
60.424 |
|
|
Sundry Debtors |
170.482
|
120.252
|
86.968 |
|
|
Cash & Bank Balances |
26.329
|
19.759
|
19.644 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
26.260
|
42.453
|
29.748 |
|
Total
Current Assets |
311.998
|
241.078
|
196.784 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
96.249
|
68.280
|
72.339 |
|
|
Other Current Liabilities |
7.023
|
3.895
|
3.363 |
|
|
Provisions |
21.090
|
21.490
|
17.167 |
|
Total
Current Liabilities |
124.362
|
93.665
|
92.869 |
|
|
Net Current Assets |
187.636
|
147.413
|
103.915 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
332.460 |
228.072 |
168.046 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
716.726 |
490.224 |
435.292 |
|
|
|
Other Income |
1.688 |
1.198 |
0.097 |
|
|
|
TOTAL (A) |
718.414 |
491.422 |
435.389 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material consumed |
229.782 |
147.817 |
138.674 |
|
|
|
Merchanting goods consumed |
15.436 |
7.463 |
8.169 |
|
|
|
Central excise duty |
92.542 |
51.418 |
63.252 |
|
|
|
Salaries, Wages and Benefits |
96.757 |
75.816 |
54.575 |
|
|
|
Manufacturing expenses |
8.234 |
4.864 |
3.612 |
|
|
|
Administrative, selling and distribution expenses |
181.486 |
127.934 |
120.585 |
|
|
|
Increase / Decrease in stock |
(14.555) |
5.455 |
(2.819) |
|
|
|
TOTAL (B) |
609.682 |
420.767 |
386.048 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
108.732 |
70.655 |
49.341 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.453 |
7.829 |
6.462 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
97.279 |
62.826 |
42.879 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.314 |
4.797 |
4.105 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
89.965 |
58.029 |
38.774 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
33.072 |
20.238 |
15.450 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
56.893 |
37.791 |
23.324 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
101.631 |
63.841 |
40.517 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
158.524 |
101.632 |
63.841 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
3.660 |
3.293 |
2.375 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
28.391 |
29.151 |
14.983 |
|
|
|
Merchanting Goods |
12.680 |
8.709 |
8.101 |
|
|
TOTAL IMPORTS |
41.071 |
37.860 |
23.084 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.45 |
11.59 |
7.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.92
|
7.69
|
5.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.55
|
11.84
|
8.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.69
|
18.44
|
14.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.47
|
0.43
|
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.61
|
0.64
|
0.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.51
|
2.57
|
2.12 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE
The registered office of the company has been shifted from 6-3-569-2, 1st
Floor, Kamadhenu Complex Rockdale Compound, Somajiguda,
UNSECURED LOAN
|
Unsecured Loan |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
In Millions) |
|
Interest Free Sales Tax Loan |
10.255 |
10.255 |
|
Total |
10.255
|
10.255 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U99999AP1999PTC031624 |
|
Name of the company |
MYK LATICRETE INDIA PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
8-2-703/A, Leela Gopal Tower, Road No. 12, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India Email: raghu@myklaticrete.com |
|
This form is for |
Creation of charge |
|
Type of charge |
|
|
Particular of charge holder |
State Bank of India, Industrial Finance Branch, Raj Bhavan Road, Somajiguda, Hyderabad-500082, Andhra Pradesh, India Email: sbi.09103@sbi.co.in |
|
Nature of instrument creating charge |
Sanction Letter Agreement of Loan for overall limit Agreement of Hypothecation of Goods and Assets Deed of Guarantee for overall limit Letter regarding the grant of individual limits within the overall limit |
|
Date of instrument Creating the charge |
20.09.2012 |
|
Amount secured by the charge |
Rs. 190.000 millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Term Loan - 3.65% above Base Rate (present effective rate 13.40% per annum) CC - 3.50% above Base Rate (present effective rate 13.25% per annum) Terms of Repayment Term Loan - Repayable in 20 Quarterly installments of Rs.4.000 millions each starting from April, 2013 and ending January, 2018 Cash Credit - Repayable on demand and renewable for every 12 months Margin Term Loan - 31.90% Cash Credit - RM (Domestic), SIP, FG and Receivables (120 days) - 25% LC - Cash Margin - 10% Extent and Operation of the charge Pari passu first charge on the assets of the Company mentioned in Item No. 15 |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
Pari passu first charge on entire fixed assets of the Company including building, machinery, lab equipment and furniture and fixtures EM of factory land admeasuring 3.13 acres at S. No. 314 & 316 of the Hyderabad unit at Industrial Estate, Rudraram Village, Patancheru Mandal, Medak District, Andhra Pradesh Mortgage of lease hold rights of Plot No. C - 21 at RIICO Industrial Area, Sotanala, Tehsil Behror, Alwar District, Rajasthan Mortgage of lease hold rights of open plot no A -1 in the SIPCOT Industrial growth centre, Perundarai admeasuring 5.02 acres bearing S. No. 163, 164, 165, 166, 177, 241, 243, 244 and 245 Pari passu first charge on all the current assets of the Company Pari passu first charge on factory land and building admeasuring 6281 sq. meters, machinery and other furnitures and fixtures at Plot No. C - 21 at RIICO Industrial Area, Sotanala, Tehsil Behror |
FIXED ASSETS
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
38 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.