MIRA INFORM REPORT
|
Report Date : |
02.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SATIA SYNTHETICS LIMITED |
|
|
|
|
Registered
Office : |
Village Lubanianwali , Ferozpur Road, Muktsar-152026, Punjab |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
23.11.1992 |
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|
|
|
Com. Reg. No.: |
012747 |
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|
Capital Investment
/ Paid-up Capital : |
Rs. 521.111 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111PB1992PLC012747 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AMRS13831G / PTLS12636B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS3237N |
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|
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Cotton Yarn. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1600000 |
|
|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record.
There appear accumulated losses recorded by the company. The external
borrowing seems to be huge. The liquidity position is weak. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings with great
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating |
|
Rating Explanation |
Crisil has suspended its rating ‘D’ due to lack of information |
|
Date |
November, 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 / Factory: |
Village Lubanianwali , Ferozpur Road, Muktsar-152026, Punjab, India |
|
Tel. No.: |
91-1633-253136 / 253137 / 253138 |
|
Fax No.: |
91-1633-253128 |
|
E-Mail : |
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|
Website : |
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|
Head Office : |
Railway Road, Muktsar-152026, Punjab, India |
|
Tel. No.: |
91-1633-500008 |
|
Fax No.: |
91-1633-500009 |
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|
|
|
Branch Office : |
Located at
|
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Suresh Kumar Singla |
|
Designation : |
Director |
|
Address : |
H.No. 52, Young Dwellers Soc, Sector 49-A, Chandigarh-160047, India |
|
Qualification : |
Graduate |
|
Date of Appointment : |
09.11.2000 |
|
DIN No.: |
00051799 |
|
|
|
|
Name : |
Mr. Arun Kumar Gupta |
|
Designation : |
Director |
|
Address : |
M-14, Kailash Colony, New Delhi-110048, India |
|
Date of Appointment : |
25.02.1995 |
|
DIN No.: |
00371289 |
|
|
|
|
Name : |
Mr. Sanjay Krishna Ahuja |
|
Designation : |
Director |
|
Address : |
H.No. 85, Sector-8a, Chandigarh, India |
|
Date of Appointment : |
27.03.2003 |
|
DIN No.: |
00399501 |
|
|
|
|
Name : |
Mr. Anil Satia |
|
Designation : |
Managing director |
|
Address : |
Satia Niwas, Railway Road, Muktsar-152026, Punjab, India |
|
Qualification : |
Graduate |
|
Date of Appointment : |
28.09.1996 |
|
PAN No.: |
AEKPS8814C |
|
DIN No.: |
00527205 |
|
|
|
|
Name : |
Mr. Ajay Kumar Mahajan |
|
Designation : |
Director |
|
Address : |
H.No. 809, Sector 38-A, Chandigarh, India |
|
Date of Appointment : |
27.03.2003 |
|
DIN No.: |
00648889 |
|
|
|
|
Name : |
Mr. Kulbir Singh Pahwa |
|
Designation : |
Director |
|
Address : |
H.No. 712, Sector 8-B, Chandigarh, India |
|
Date of Appointment : |
03.04.2002 |
|
DIN No.: |
00886989 |
|
|
|
|
Name : |
Mr. Sanjeev Sethi |
|
Designation : |
Director |
|
Address : |
10, Maqbool Road, Amritsar- 143001, Punjab, India |
|
Date of Birth/Age : |
01.02.1966 |
|
Date of Appointment : |
26.06.2010 |
|
DIN No.: |
01693418 |
|
|
|
|
Name : |
Soumitra Sengupta |
|
Designation : |
Nominee Director |
|
Address : |
1475, Sector 37-B, IFCI Colony, Chandigarh |
|
Date of Appointment : |
27.03.2012 |
|
DIN No.: |
02265352 |
|
|
|
|
Name : |
Mr. Birendra Singh Kushwah |
|
Designation : |
Additional director |
|
Address : |
H.No.964/2, Adesh Nagar, Muktsar-152026, Punjab, India |
|
Qualification : |
Graduate |
|
Date of Appointment : |
28.03.2011 |
|
DIN No.: |
03585146 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Equity Shareholders |
|
No. of Shares |
|
Anil Satia |
|
5613300 |
|
Anil Satia HUF |
|
220000 |
|
Saloni Satia |
|
2884700 |
|
Bindu Satia |
|
257600 |
|
Krishna Satia |
|
1135100 |
|
Parkash Wati |
|
100 |
|
D.P. Sethi |
|
100 |
|
Kulbir Banga |
|
110100 |
|
Mukti Energy (Private) Limited, India |
|
1740800 |
|
T.C. Leasing and Investment (Private) Limited, India |
|
700000 |
|
Holicity Investment and Leasing (Private) Limited, India |
|
600000 |
|
Punjab State Indl. Dev. Corp. Limited, India |
|
6639300 |
|
Balraj Satia |
|
640000 |
|
Balraj Satia HUF |
|
210000 |
|
Holy Financial Services Private Limited, India |
|
960000 |
|
Total |
|
21711100 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Akhil Satia |
|
3800000 |
|
Ajay Satia |
|
30000 |
|
Anil Satia |
|
26570000 |
|
Total |
|
30400000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
20.00 |
|
Directors or relatives of Directors |
80.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Cotton Yarn. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Naresh Kumar Chartered Accountants |
|
Address : |
H.No 2 Ward No 7, Village Bariwala, Muktsar, Punjab, India |
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PAN No.: |
ABTPS1636G |
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|
|
|
Associates : |
T.C. Terrytex Limited, India U17220PB2005PLC028877 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22000000 |
Equity Shares |
Rs.10/- each |
Rs. 220.000 Millions |
|
30400000 |
Preference Shares |
Rs.10/- each |
Rs. 304.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 524.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21711100 |
Equity Shares |
Rs.10/- each |
Rs. 217.111 Millions |
|
30400000 |
Preference Shares |
Rs.10/- each |
Rs. 304.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 521.111
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 |
521.111 |
471.111 |
471.111 |
|
|
2] Share Application Money |
0.000 |
50.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
5.000 |
|
|
4] (Accumulated Losses) |
(119.549) |
(69.840) |
(88.995) |
|
|
NETWORTH |
401.562 |
451.271 |
387.116 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1273.919 |
1127.856 |
1114.797 |
|
|
2] Unsecured Loans |
11.576 |
11.190 |
31.601 |
|
|
TOTAL BORROWING |
1285.495 |
1139.046 |
1146.398 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1687.057 |
1590.317 |
1533.514 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
504.790 |
507.993 |
523.003 |
|
|
Capital work-in-progress |
170.730 |
168.297 |
170.834 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.400 |
0.400 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
716.913
|
166.111 |
235.798 |
|
|
Sundry Debtors |
473.428
|
375.176 |
271.613 |
|
|
Cash & Bank Balances |
47.424
|
80.485 |
89.704 |
|
|
Other Current Assets |
29.764
|
74.314 |
0.000 |
|
|
Loans & Advances |
236.143
|
700.320 |
602.886 |
|
Total
Current Assets |
1503.672
|
1396.406 |
1200.001 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
400.272
|
418.510 |
301.386 |
|
|
Other Current Liabilities |
71.604
|
45.009 |
60.081 |
|
|
Provisions |
20.659
|
19.260 |
0.000 |
|
Total
Current Liabilities |
492.535
|
482.779 |
361.467 |
|
|
Net Current Assets |
1011.137
|
913.627 |
838.534 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
1.143 |
|
|
|
|
|
|
|
|
TOTAL |
1687.057 |
1590.317 |
1533.514 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1783.022 |
2224.151 |
1888.692 |
|
|
|
Other Income |
5.099 |
3.667 |
4.273 |
|
|
|
TOTAL (A) |
1788.121 |
2227.818 |
1892.965 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1492.259 |
|
|
|
|
|
Purchases of stock-in-trade |
13.412 |
73.625 |
1670.271 |
|
|
|
Employee benefit expense |
81.027 |
81.600 |
|
|
|
|
Other expenses |
47.640 |
54.447 |
|
|
|
|
Prior period items |
(3.712) |
0.000 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(14.022) |
(10.134) |
|
|
|
|
TOTAL (B) |
1616.604 |
2008.528 |
1670.271 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
171.517 |
219.290 |
222.694 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
206.240 |
160.759 |
133.187 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(34.723) |
58.531 |
89.507 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14.986 |
44.209 |
48.509 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
(49.709) |
14.322 |
40.998 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.167 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(49.709) |
14.155 |
40.998 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(74.840) |
(88.995) |
(129.993) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(124.549) |
(74.840) |
(88.995) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
168.944 |
95.246 |
16.827 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
0.677 |
0.547 |
0.322 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.95) |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(2.78)
|
0.64 |
2.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(2.79)
|
0.64 |
2.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.47)
|
0.75 |
2.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.12)
|
0.03 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.20
|
2.52 |
2.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.05
|
2.89 |
3.32 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Borrowing from government semi-government bodies |
9.789 |
9.789 |
|
Loans and advances from others |
1.787 |
1.401 |
|
Total |
11.576 |
11.190 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U17111PB1992PLC012747 |
|
Name of the company |
SATIA SYNTHETICS LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Village Lubanianwali, Ferozpur Road, Muktsar-152026, Punjab, India E-mail: satiasyn@gmail.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
90177959 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Others (Hypothecations Of All Current Assets Of The Company) |
|
Particular of charge holder |
State Bank of India, Specialised Commercial Branch, Pahwa Complex Miller Ganj, Ludhiana - 141003, Punjab, India E-mail: sbicbmg@satyam.net.in |
|
Nature of instrument creating charge |
Memorandum Of Entry |
|
Date of instrument Creating the charge |
05.07.2012 |
|
Amount secured by the charge |
Rs. 985.000 millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest SBI : 5.25% above base rate SBOP 4.50% above base rate IOB : 4.25% above base rate Terms of Repayment Repayable On Demand Margin Stocks 25% Book Debt 40% LC/BG 15% Extent and Operation of the charge 100% |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
Working Capital: First parri-passu charge on the current assets of the company. 2nd pari-passu charge on entire fixed assets of the company. |
|
Date of instrument modifying the charge |
08.12.2009 |
|
Particulars of the present modification |
SBI Consortium enhanced the working capital limits from existing of Rs 785.000 millions (Fund based 600.000 millions and Non fund based 185.000 millions) to Rs 985.000 millions (Fund based Rs 800.000 millions and Non fund based Rs 185.000 millions). The fund based and non fund based share for SBI is Rs 360.000 millions and Rs 76.500 millions, SBOP is Rs 280.000 millions and Rs 71.500 millions, IOB is Rs 160.000 millions and Rs 37.000 millions. Charge was further modified by second charge created with IFCI. IFCI hold and retain the said title deeds as and by way of joint mortgage. |
FIXED ASSETS
- Land
- Buildings
- Office building
- Factory building
- Plant and equipment
- Factory equipments
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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.54.22 |
|
|
1 |
Rs.84.00 |
|
Euro |
1 |
Rs.70.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
26 |
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.