1. Summary Information
|
Country |
|
||
|
Company Name |
SRI YANTRA ENGINEERING AGENCIES PRIVATE
LIMITED |
Principal Name 1 |
Mr. K Jayaraman |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Rajeshwari Jayaraman |
|
Registration # |
08-011798 |
||
|
Street Address |
362/A, 10th Cross, 4th Phase,
Industrial Area, Peenya, Bangalore – 560058, Karnataka, India |
||
|
Established Date |
22.03.1991 |
SIC Code |
-- |
|
Telephone# |
91-80-40710555 |
Business Style 1 |
Trader |
|
Fax # |
91-80-40710556 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Simple Conventional Lathes |
|
|
# of employees |
27 (Approximately) |
Product Name 2 |
Slant Bed Tuning Centers and TurnMill Centers |
|
Paid up capital |
Rs. 7,480,000/- |
Product Name 3 |
--- |
|
Shareholders |
Directors or
relatives of Directors 100% |
Banking |
Syndicate Bank |
|
Public Limited Corp. |
No |
Business Period |
21Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
10,235,000 |
Current Liabilities |
16,085,000 |
|
Inventories |
28,591,000 |
Long-term Liabilities |
17,589,000 |
|
Fixed Assets |
21,570,000 |
Other Liabilities |
5,699,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
39,373,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
13,543,000 |
|
|
|
Net Worth |
21,023,000 |
|
Total Assets |
60,396,000 |
Total Liab. & Equity |
60,396,000 |
|
Total Assets (Previous Year) |
43,094,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
228,954,000 |
Net Profit |
11,246,000 |
|
Sales(Previous yr) (Total Income) |
173,099,000 |
Net Profit(Prev.yr) |
759,000 |
MIRA INFORM REPORT
|
Report Date : |
20.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SRI YANTRA ENGINEERING AGENCIES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
362/A, 10th Cross, 4th Phase, Industrial Area,
Peenya, Bangalore – 560058, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
22.03.1991 |
|
|
|
|
Com. Reg. No.: |
08-011798 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.480 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U29299KA1991PTC011798 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BLRS12821E |
|
|
|
|
PAN No. : |
AACCS8041A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trader, Importer and Distributors of Lathes Provides intelligent
Turning Solutions to their Clients with in-house Technical Centres at |
|
|
|
|
No. of Employees
: |
27 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 84000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered for business dealings at usual trade
terms and conditions. |
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 |
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.
INFORMATION DECLINED BY
Management non co-operative
LOCATIONS
|
Registered Office : |
362/A, 10th Cross, 4th Phase, Industrial Area,
Peenya, Bangalore – 560058, Karnataka, India |
|
Tel. No.: |
91-80-40710555 / 23304203 |
|
Fax No.: |
91-80-40710556 / 23309204 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4050 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Warehouse : |
Located at |
|
Tel No. : |
91-4220-2625601 |
|
Area : |
9000 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Sales Centres : |
Located At : ·
·
· Chennai · Mumbai · Pune ·
· Ahmedabad ·
·
·
· Kolkata |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Krishnaswamy Jayaraman |
|
Designation : |
Director |
|
Address : |
Srinivasam F- 29, Manyata Residency, Outer Ring Road Nagavara,
Bangalore-560045, |
|
Date of Birth/Age : |
29.12.1954 |
|
Qualification : |
DME |
|
Date of Appointment : |
22.03.1991 |
|
DIN No.: |
00768350 |
|
|
|
|
Name : |
Mrs. Rajeshwari Jayaraman |
|
Designation : |
Director |
|
Address : |
Srinivasam F- 29, Manyata Residency, Outer Ring Road Nagavara,
Bangalore-560045, |
|
Date of Birth/Age : |
19.06.1955 |
|
Qualification : |
BA |
|
Date of Appointment : |
23.10.2001 |
|
DIN No.: |
00719161 |
|
|
|
|
Name : |
Mr. Ravishankar Jayaraman |
|
Designation : |
Director |
|
Address : |
Srinivasam F-29, Manyata Residency, Outer Ring Road, Bangalore –
560045, Karnataka, India |
|
Date of Birth/Age : |
20.09.1982 |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
03325389 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
K Jayaraman Jointly With Rajeshwari Jayaraman |
49960 |
|
Rajeshwari Jayaraman Jointly With K Jayaraman |
18720 |
|
K Jayaraman |
990 |
|
Ravishankar Jayaraman |
2160 |
|
Suma Jayaraman |
2970 |
|
TOTAL
|
74800 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and Distributors of Lathes Provides intelligent
Turning Solutions to their Clients with in-house Technical Centres at |
|
|
|
|
Products : |
· Simple Conventional Lathes · Slant Bed Tuning Centres and Turn Mill Centres · High performance Twin Spindle Twin Turret CNC Lathes · CNC Automatic Lathes with up to 11 Axes Services Offered
: Application Engineering, Component Trials, Process Planing After Sales Service Support by Qualified Factory Trained Service
Engineers |
GENERAL INFORMATION
|
No. of Employees : |
27 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Syndicate Bank, No. 697, Raghavendra Krupa, Ramamandir Road, III Block, Rajajinagar, Bangalore – 560 010, Karnataka · ICICI Bank Limited |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H R Yathiraj Chartered Accountant |
|
Address : |
No.05, II Floor, Narang Members, |
|
PAN No.: |
AACPY9959N |
|
|
|
|
Memberships : |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.100/- each |
Rs. 7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
74800 |
Equity Shares |
Rs.100/-
each |
Rs. 7.480
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
7.480 |
7.480 |
7.480 |
|
|
2] Share Application Money |
0.000 |
0.666 |
0.363 |
|
|
3] Reserves & Surplus |
13.543 |
5.775 |
5.015 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
21.023 |
13.921 |
12.858 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
17.589 |
6.302 |
5.685 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
17.589 |
6.302 |
5.685 |
|
|
DEFERRED TAX LIABILITIES |
0.014 |
0.000 |
0.031 |
|
|
|
|
|
|
|
|
TOTAL |
38.626 |
20.223 |
18.574 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
21.570 |
21.809 |
18.727 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.006 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.011 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
28.591
|
3.515
|
5.030
|
|
|
Sundry Debtors |
1.339
|
1.289
|
1.368
|
|
|
Cash & Bank Balances |
0.876
|
0.779
|
1.202
|
|
|
Other Current Assets |
0.128
|
0.000
|
0.000
|
|
|
Loans & Advances |
7.892
|
15.691
|
8.315
|
|
Total
Current Assets |
38.826
|
21.274 |
15.915 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.229
|
19.537
|
12.855
|
|
|
Other Current Liabilities |
10.856
|
2.200
|
2.152
|
|
|
Provisions |
5.685
|
1.134
|
1.067
|
|
Total
Current Liabilities |
21.770
|
22.871 |
16.074 |
|
|
Net Current Assets |
17.056
|
(1.597)
|
(0.159)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
38.626 |
20.223 |
18.574 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
228.954 |
173.099 |
145.050 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
209.576 |
170.695 |
144.250 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
209.576 |
170.695 |
144.250 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.378 |
2.404 |
0.800 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.123 |
1.332 |
0.681 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
17.255 |
1.072 |
0.119 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.009 |
0.313 |
0.045 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
11.246 |
0.759 |
0.074 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
5.015 |
4.941 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
13.543 |
5.775 |
5.015 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
20.745 |
6.547 |
4.574 |
|
|
TOTAL EARNINGS |
20.745 |
6.547 |
4.574 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
150.35 |
10.14 |
0.98 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.91
|
0.43
|
0.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.57
|
2.48
|
0.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.82
|
0.07
|
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.84
|
0.45
|
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.78
|
0.93
|
0.99 |
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 |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
OUTLOOK
The company’s performance in the financial year 2011-2012 has been stronger
than originally forecast by them at the year beginning.
Last year they introduced to their market, good quality Flat Bed Lathes
from China, in their brand name Alpha. With close cooperation from
manufacturers, they stabilized this product, made it more user friendly and
more acceptable to the buyers. They could sell over 100 of these CNC Lathes in
this year.
After lifting of a few previously ordered machines from Tussor
Coimbatore, they totally stopped their business with them.
FORM 8
|
Corporate
identity number of the company |
U29299KA1991PTC011798 |
|
Name of the
company |
SRI YANTRA
ENGINEERING AGENCIES PRIVATE LIMITE |
|
Address of the
registered office or of the principal place of business in |
362/A, 10th Cross,
4th Phase, Industrial Area, Peenya, Bangalore - 560058, Karnataka, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Axis Bank
Limited, Credit Management Centre, 1st Floor, No.41, Seshadri Road, Anand Rao
Circle, Bangalore – 560009, Karnataka, India |
|
Nature of
instrument creating charge |
Joint Memorandum
of Entry |
|
Date of
instrument Creating the charge |
21.02.2011 |
|
Amount secured by
the charge |
Rs. 19.500
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest At 3.25% above
Base Rate, with a minimum of 11.25% p.a. orany such other rate as the bank may fix from
time to time, in relation to the Bank's Base rate Terms of repayment OD - Running
account repayable on demand TL - 52 equated
monthly installments of Rs.0.121 millions Margin As per bank norms Extent and operation of the charge The charge shall
operate to the extent of the loan amount plus interest commission costs
expenses and other charges thereon Other The said amount
of Rs.19.500 millions comprises OD Rs.14.500 millions and TL under Business M
Power |
|
Short particulars
of the property charged (Including location of the property) |
First charge by
way of equitable mortgage of company's immovable properties together with
buildings and structures constructed/to be constructed thereon along with all
the plant and machineries attached to the
earth or permanently fastened to anything attached to the earth, situate at
plot bearing No.362, now bearing BBMP Khata No.362/A in Peenya IV Phase
Industrial Area, situated in
Sy.No.46 of Nallakadaranahaly village, Yeshwanthpura Hobli, Bangalore North
Taluk, bounded on the East by land in same plot retained by the vendor, West
by Plot No.361, North remaining
property of the vendor in Plot No.362, South by KIADB Road No.7 |
FIXED ASSETS
· Goodwill
· Land And Building
· Furniture And Fixture
· Office Equipments
· Motor Vehicles
· Computers
· Plant And Machinery
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. 54.26 |
|
|
1 |
Rs. 81.93 |
|
Euro |
1 |
Rs. 70.21 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYN |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.