1. Summary Information
|
Country |
India |
||
|
Company Name |
Lex
International Private Limited |
Principal Name 1 |
Mr. Rajeev Suri |
|
Status |
Good |
Principal Name 2 |
Mrs. Sarita Suri |
|
Registration # |
20-028361 |
||
|
Street Address |
86/ 300-A, Raipurwa, G.T. Road, Kanpur – 208005, Uttar Pradesh, India |
||
|
Established Date |
03.03.2004 |
SIC Code |
-- |
|
Telephone# |
91-512-2520186 |
Business Style 1 |
Exporter |
|
Fax # |
91-512-2520188 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Leather Items |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.1,00,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors
or relatives of directors – 100% |
Banking |
Canara Bank |
|
Public Limited Corp. |
No |
Business Period |
9 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
A
(64) |
|
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 |
138,650,000 |
Current Liabilities |
57,488,000 |
|
Inventories |
32,373,000 |
Long-term Liabilities |
1,512,000 |
|
Fixed Assets |
32,055,000 |
Other Liabilities |
4,801,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
63,801,000 |
|
Invest& other Assets |
66,822,000 |
Retained Earnings |
205,999,000 |
|
|
|
Net Worth |
206,099,000 |
|
Total Assets |
269,900,000 |
Total Liab. & Equity |
269,900,000 |
|
Total Assets (Previous Year) |
244,776,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Including Other |
328,677,000 |
Net Profit |
36,154,000 |
|
Sales(Previous yr) |
275,395,000 |
Net Profit(Prev.yr) |
27,947,000 |
|
Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
LEX INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
86/ 300-A, Raipurwa, G.T. Road, Kanpur – 208005, Uttar Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.03.2004 |
|
|
|
|
Com. Reg. No.: |
20-028361 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19123UP2004PTC028361 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KNPL01109D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL9654N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Exporter of Leather Items. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 820000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having a fine track
record. Financial position of the company appears to be sound. Trade
relations are reported as fair. Business is active. Payments are reported to
be regular and as per commitments. The company can be considered normal 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) |
|
|
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.
LOCATIONS
|
Registered Office : |
86/ 300-A, Raipurwa, G. T. Road, Kanpur – 208005, Uttar Pradesh, India
|
|
Tel. No.: |
91-512-2520186/ 2549922/ 2550955 |
|
Fax No.: |
91-512-2520188 |
|
E-Mail : |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Rajeev Suri |
|
Designation : |
Director |
|
Address : |
R/o. 113/36-A, Swaroop Nagar, |
|
Date of Birth/Age : |
04.11.1954 |
|
Date of Appointment : |
30.03.2004 |
|
DIN No.: |
00239046 |
|
|
|
|
Name : |
Mrs. Sarita Suri |
|
Designation : |
Director |
|
Address : |
R/o. 113/36-A, Swaroop Nagar, |
|
Date of Birth/Age : |
11.06.1961 |
|
Date of Appointment : |
30.03.2004 |
|
DIN No.: |
00239088 |
|
|
|
|
Name : |
Mr. Rohan Suri |
|
Designation : |
Director |
|
Address : |
R/o. 113/36-A, Swaroop Nagar, |
|
Date of Birth/Age : |
22.02.1985 |
|
Date of Appointment : |
02.08.2004 |
|
DIN No.: |
01321897 |
|
|
|
|
Name : |
Mr. Raghav Suri |
|
Designation : |
Director |
|
Address : |
R/o. 113/36-A, Swaroop Nagar, |
|
Date of Birth/Age : |
18.07.1991 |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
03529200 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Rajeev Suri |
|
5000 |
|
Savita Suri |
|
5000 |
|
|
|
|
|
Total |
|
10000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter of Leather Items. |
GENERAL INFORMATION
|
Suppliers (As on 31.03.2011): |
·
J
J Enterprises ·
J
K Agarwal and Sons ·
Jasch
Industries Limited ·
Kanpur
Plastic Company ·
Khanna
Pharmaceuticals and Chemicals ·
Lachhman
Enterprises ·
Lachhman
Agencies ·
Leather
Care ·
Lakshmiji
Industries ·
Lion
Tapes Private Limited ·
Madras
Trading Corporation ·
M
F Enterprises ·
Madura
Coats Private Limited ·
Marvel
Industries ·
Metalware
Corporation ·
Micro
Craft ·
Midwest
Corporation ·
Motilal
Dulichand Private Limited ·
Nadeem
Impex ·
National
Parcel Service ·
Narmada
Fabrics ·
Navyug
Laminates ·
Nidhi
Industries ·
Nemani
Poly Products Private Limited ·
Nitin
Rubbers ·
Northern
India Leather Cloth Limited ·
Pan
East Exim Private Limited ·
P
S Enterprises ·
Plasco
Traders ·
Popular
Trading Corporation ·
Precision
Components ·
Precision
Knives ·
Quantum
International ·
R.B.
Plastic ·
R
H Enterprises ·
Rishabh
International ·
Rishabh
Industrial Corporation ·
Sky
Industries Limited ( Mumbai Branch ) ·
Shay
Am Services ·
Shivam
International ·
Spark
Fibers ·
Star
International Limited ·
Suede
Links ·
Sunrise
Packaging ·
Super
Style Tanners Private Limited ·
Supreme
Tanning Industries ·
Subhash
Mill Store ·
Sudhir
Singh ·
Swadeshi
Footcare Private Limited ·
Swadeshi
Leather Corporation ·
Swastik
Engineering Associates ·
Syndicate
Industrial Services ·
Tata
International Limited ·
The
Global Barcoding Company ·
Technocrates
International ·
Tnt
India Private Limited |
|
|
|
|
Customers (As on 31.03.2011) : |
·
Bruno Kellinghusen ·
Dirk Vlerick ·
Europa Saddlery, Midland ·
E.Jefferies 8 Sons Limited U.K. ·
Ekkia Sas ·
English Riding Supply ·
Finest Brands International Limited U.K. ·
G.Field House Saddlery, Walsal ·
Green Hawk Harness and Equestrian ·
Hkm Sports Equipment Gmbh ·
Hispano Hipica S.A., Spain ·
Horsemens Heaven, South Africa ·
Intec Corporation ·
Jackson Of Scandinavia AB, Sweden ·
Jain Mfg India Private Limited ·
Johnny Nilson ·
Kallquist Equestrian AB ·
Nunn Finer USA ·
Promiles Snc D Ascq Cedex, France ·
Prestige Italia S.R L ·
R and G Equipment Nv ·
Saddle World International Private Limited ·
Waldhausen Gmbh and Company Kg, Germany |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Canara Bank ·
HDFC Bank Limited ·
Standard Chartered Bank ·
Punjab National Bank, ·
Punjab National Bank, ·
State Bank of ·
State Bank of |
|
|
|
|
Facilities : |
-- |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Batra Agrawal Associates Chartered Accountants |
|
Address : |
15/79 (2), Civil Lines, |
|
Tel. No.: |
91-512-2375901/ 2333269 |
|
Mobile No.: |
91-512-2375901 |
|
PAN No.: |
AACFB5704G |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
205.999 |
169.644 |
141.718 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
206.099 |
169.744 |
141.818 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1.512 |
1.141 |
0.905 |
|
|
TOTAL BORROWING |
1.512 |
1.141 |
0.905 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
207.611 |
170.885 |
142.723 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
32.055 |
26.889 |
26.276 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
66.822 |
50.089 |
28.257 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
32.373
|
33.343
|
11.623
|
|
|
Sundry Debtors |
47.962
|
42.677
|
28.685
|
|
|
Cash & Bank Balances |
81.257
|
82.355
|
118.811
|
|
|
Other Current Assets |
0.025
|
0.508
|
0.508
|
|
|
Loans & Advances |
9.406
|
8.877
|
4.996
|
|
Total
Current Assets |
171.023
|
167.760
|
164.623 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
51.739
|
63.450
|
70.184
|
|
|
Other Current Liabilities |
5.749
|
5.911
|
1.964
|
|
|
Provisions |
4.801
|
4.530
|
4.335
|
|
Total
Current Liabilities |
62.289
|
73.891
|
76.483 |
|
|
Net Current Assets |
108.734
|
93.869
|
88.140
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.038 |
0.050 |
|
|
|
|
|
|
|
|
TOTAL |
207.611 |
170.885 |
142.723 |
|
PROFIT & LOSS
ACCOUN0054
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
328.677 |
275.395 |
222.375 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
271.674 |
229.066 |
188.974 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
57.003 |
46.329 |
37.487 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.888 |
4.431 |
4.086 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
52.115 |
41.898 |
33.401 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
15.961 |
13.951 |
11.728 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
36.154 |
27.947 |
21.673 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
328.677 |
275.395 |
222.375 |
|
|
TOTAL EARNINGS |
328.677 |
275.395 |
222.375 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
34.844 |
32.015 |
19.363 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3615.40 |
2794.73 |
2167.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
10.99
|
10.15
|
9.75
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.66
|
21.52
|
17.50
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.25
|
0.24
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01
|
0.01 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.75
|
2.27
|
2.15
|
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
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 |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Loans and
Advance from related parties |
|
|
|
Raghav Suri |
0.198 |
0.000 |
|
Rajeev Suri |
0.292 |
0.596 |
|
Rohan Suri |
0.516 |
0.086 |
|
Sarita Suri |
0.506 |
0.459 |
|
|
|
|
|
Total |
1.512 |
1.141 |
|
Note: Loans and advances from relates parties carry no interests and there
is no stipulation regarding the repayment of loan. |
||
NOTES:
The registered office has been shifted from 113/ 36 - Aswaroop Nagar, Kanpur,
Uttar Pradesh, India to Present address w.e.f 25.09.2007
FIXED ASSETS:
· Land and Building
· Computer
· Office Equipments
· Furniture and Fixtures
· Plant and Machinery
· Vehicles
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.54.34 |
|
|
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
64 |
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.