MIRA
INFORM REPORT
|
Report Date : |
03.05.2013 |
|
|
|
|
Tel. No.: |
91 80 41425832/41525960 |
|
Fax No.: |
91 80 26715688 |
IDENTIFICATION DETAILS
|
Name : |
KUMAR ORGANICS PRODUCTS LIMITED |
|
|
|
|
Registered
Office : |
Usha Krishna Towers, Plot No. 36, Road No. 3 and 5 , Jigani
Industrial Area, Anekal Taluka, Bangalore - 562 106, Karnataka |
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|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
01.07.1991 |
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|
|
|
Com. Reg. No.: |
08-012095 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.92.715 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U24231KA1991PLC012095 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BLRK01207D |
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|
Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business
: |
Manufacturer of Chemical. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (55) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2800000 |
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|
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having a fine track record. The performance capability of the company is good. It enjoys comfortable financial risk profile. Directors are reported as experienced, respectable businessmen. Business is active. Trade relations are decent. Payments are regular and as per commitments. The company can be considered good for any normal 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
07 February, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A1 |
|
Rating Explanation |
Very strong degree of safety and lowest credit
risk. |
|
Date |
07 February, 2013 |
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 : |
Usha Krishna Towers, Plot No. 36, Road No. 3 and 5 , Jigani
Industrial Area, Anekal Taluka, Bangalore - 562 106, Karnataka, India |
|
Tel. No.: |
91-80-27825376 |
|
Fax No.: |
91-80-27825439 |
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E-Mail : |
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|
Website : |
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|
Head Office : |
Usha Krishna Centre, 819/C, 13th Cross, 7th
Block West, Near JSS College Circle, Jayanagar, Bangalore – 560082,
Karnataka, India |
|
Tel. No.: |
91-80-41425832/41525960 |
|
Fax No.: |
91-80-26715688 |
DIRECTORS
As on 11.08.2012
|
Name : |
Mr. Unayan Kumar Singh |
|
Designation : |
Managing Director |
|
Address : |
128, Mourya, 42nd
Cross, 7th Main, 5th Block, Jajanagar, Bangalore –
560082, Karnataka, India |
|
Date of Birth/Age : |
16.01.1971 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
26.05.2006 |
|
PAN No.: |
ABOPS9751P |
|
DIN No.: |
00838904 |
|
|
|
|
Name : |
Mr. Raj Gopal Katju |
|
Designation : |
Whole-time Director |
|
Address : |
B-21 Industrial Socity, New Sama Road, Chani, jaktanak Vadodara –
390002, Gujarat, India |
|
Qualification : |
Graduate |
|
Date of Appointment : |
14.11.2008 |
|
DIN No.: |
02739714 |
|
|
|
|
Name : |
Mr. Sachidanad Singh |
|
Designation : |
Whole-time Director |
|
Address : |
125, 9th Main Sector – 1, Noba Nagar, Bangalore - 560076, Karnataka, India |
|
Date of Birth/Age : |
06.01.1959 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
06.09.2004 |
|
DIN No.: |
00232922 |
|
|
|
|
Name : |
Mr. Udayan Kumar Singh |
|
Designation : |
Managing Director |
|
Address : |
128, Mourya, 42nd
Cross, 7th Main, 5th Block, Jajanagar, Bangalore –
560082, Karnataka, India |
|
Date of Birth/Age : |
22.03.1966 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.05.2001 |
|
PAN No.: |
ABOPS9750N |
|
DIN No.: |
00838825 |
|
|
|
|
Name : |
Mr. Krishan Kumar Singh |
|
Designation : |
Director |
|
Address : |
Kumar Bhavan, Tekari Road, Gaya – 823001, Bihar, India |
|
Date of Birth/Age : |
23.09.1941 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
06.09.2004 |
|
PAN No.: |
AKMPS8266J |
|
DIN No.: |
00892698 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 11.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Krishna Kumar Singh |
|
903989 |
|
Udayan Kumar Singh |
|
1850230 |
|
Unayan Kumar Singh |
|
1771337 |
|
Usha Singh |
|
1087430 |
|
Shubra Singh |
|
1218271 |
|
Svtalana Singh |
|
1221231 |
|
K K Singh and Sons |
|
70859 |
|
Shashank Singh |
|
260004 |
|
S D N Singh and Sons (HUF) |
|
8269 |
|
Sourya Singh |
|
360809 |
|
Shreyansh Singh |
|
351938 |
|
Son Pari |
|
167040 |
|
Sri Balaji Temple |
|
60 |
|
|
|
|
|
Total |
|
9271467 |
Equity Share Break up (Percentage of Total Equity)
As on 11.08.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Chemical. |
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Products : |
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Exports : |
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Products: |
Chemical |
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Countries: |
·
UK ·
US ·
Pakistan |
GENERAL INFORMATION
|
No. of Employees : |
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Bankers : |
· Canara Bank, Prime Corporate Branch, Shankarnarayana Building, Second Floor, No. 25, M G Road, Bangalore – 560001, Karnataka, India · Corporation Bank · State Bank of India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
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Auditors : |
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|
Name : |
Jaipuriar and Company Chartered Accountants |
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Address : |
11 Eastern Chamber, Poona Street, Mumbai – 400009, Maharashtra, India |
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PAN No.: |
AADFJ0683H |
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|
|
|
Subsidiary Company
: |
· Kumar Organic Products Singapore Private Limited · Kumar Organic Products Limited |
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|
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
Shreyansh Luxury Stores Private Limited CIN No.: U52312KA2006PTC040848 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9271467 |
Equity Shares |
Rs.10/- each |
Rs.92.715 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 |
92.715 |
92.715 |
92.715 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
620.056 |
465.092 |
305.842 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
712.771 |
557.807 |
398.557 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
65.729 |
117.048 |
97.197 |
|
|
2] Unsecured Loans |
5.000 |
10.000 |
26.265 |
|
|
TOTAL BORROWING |
70.729 |
127.048 |
123.462 |
|
|
DEFERRED TAX LIABILITIES |
43.592 |
44.473 |
41.587 |
|
|
|
|
|
|
|
|
TOTAL |
827.092 |
729.328 |
563.606 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
449.134 |
453.229 |
420.423 |
|
|
Capital work-in-progress |
84.121 |
10.570 |
16.922 |
|
|
|
|
|
|
|
|
INVESTMENT |
6.542 |
5.192 |
1.850 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
128.045
|
152.829 |
33.945 |
|
|
Sundry Debtors |
309.054
|
306.220 |
226.656 |
|
|
Cash & Bank Balances |
109.211
|
81.599 |
23.514 |
|
|
Other Current Assets |
0.000
|
0.088 |
0.000 |
|
|
Loans & Advances |
104.361
|
109.609 |
118.322 |
|
Total
Current Assets |
650.671
|
650.345 |
402.437 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
248.444
|
251.769 |
108.013 |
|
|
Other Current Liabilities |
18.177
|
27.730 |
67.256 |
|
|
Provisions |
96.755
|
110.509 |
112.893 |
|
Total
Current Liabilities |
363.376
|
390.008 |
288.162 |
|
|
Net Current Assets |
287.295
|
260.337 |
114.275 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
10.136 |
|
|
|
|
|
|
|
|
TOTAL |
827.092 |
729.328 |
563.606 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1503.582 |
1318.380 |
981.251 |
|
|
|
Other Income |
22.024 |
(0.669) |
16.263 |
|
|
|
TOTAL (A) |
1525.606 |
1317.711 |
997.514 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
856.002 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
9.628 |
(66.127) |
|
|
|
|
Employee benefit expense |
117.667 |
90.704 |
|
|
|
|
Other expenses |
263.598 |
248.076 |
|
|
|
|
TOTAL (B) |
1246.895 |
1045.238 |
804.139
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
278.711 |
272.473 |
193.375 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.059 |
15.034 |
22.670 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
266.652 |
257.439 |
170.705 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
38.392 |
31.020 |
27.381 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
228.260 |
226.419 |
143.324 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
46.267 |
40.141 |
30.654 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
181.993 |
186.278 |
112.670 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
425.629 |
285.336 |
199.784 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
18.956 |
18.956 |
0.000 |
|
|
|
Final Dividend |
23.178 |
23.179 |
23.179 |
|
|
|
Tax on Dividend |
3.850 |
3.850 |
3.939 |
|
|
BALANCE CARRIED
TO THE B/S |
561.638 |
425.629 |
285.336 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.63 |
20.09 |
12.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
11.93 |
14.14 |
11.30 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
15.18 |
17.17 |
14.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.75 |
20.52 |
17.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.41 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.10 |
0.23 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79 |
1.67 |
1.40 |
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
(Rs.
In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Intercorporate deposit |
5.000 |
10.000 |
|
|
|
|
|
Total |
5.000 |
10.000 |
PERFORMANCE
The Company has witnessed growth of about 14% in sales turnover at Rs.1503.582 Millions in the year 2011-12.
The above performance have been achieved mainly through increase in production / sales volume, R and D, cost reduction measures, improved product-mix and better quality of products with international standard.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U85110KA1991PLC012095 |
|
Name of the
company |
KUMAR ORGANIC PRODUCTS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Usha Krishna Towers, Plot No. 36, Road No. 3 and 5 , Jigani
Industrial Area, Anekal Taluka, Bangalore - 562 106, Karnataka, India |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
80044450 |
|
Type of charge |
Immovable
Property |
|
CIN |
U85110KA1991PLC012095 |
|
Particular of
charge holder |
Canara Bank, Prime Corporate Branch, Shankarnarayana Building, Second
Floor, No. 25, M G Road, Bangalore – 560001, Karnataka, India |
|
Nature of
instrument creating charge |
Letter Evidencing
Deposit of Title Deeds(2 Nos.) |
|
Date of
instrument Creating the charge |
03.04.2013 |
|
Amount secured by
the charge |
Rs.250.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest OCC/ODBD - Base
rate + 3% p.a. subject to revision from time to time Terms of
Repayment OCC/ODBD -
Running account repayable on demand PC period - 90
days, FBE/BE usance period 90 days, Book debts period 90 days Usance period -
FLC 180 days, ILC 90 days Period of
Guarantee - 2 years excluding claim period of 6 months Margin OCCODBD/PC/PCFC/CPC
- 20% ILC/FLC/BG - 15% 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 Others The said amount
of Rs.2500 comprises OCC/ODBD/PC/PCFCCPC/FDB/FBE/BRD Rs.100.000 Millions
(PC/CPC/FDB/FBE/BRD sublimit Rs.50.000 Millions), ILC/FLC (DA/DP)/BG Rs.150.000
Millions continued at existing level Existing TL I Rs.72.000 Millions stands
since closed |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First charge by
way of equitable mortgage of immovable property with all buildings and other
structures/fixtures (existing and to be constructed) situate at (a) Plot
No.63/A of Jigani Industrial Area, 1st Phase,
Jigani village (in Survey No.577, 578 and 583 of Jigani village), Jigani
Hobli, Anekal Taluka measuring 2,136 sq.meters and bounded on East by Plot
No.62, West by Plot
No.63 (B), North by Plot No.64 and South by 60 feet wide KIADB Road No.5 AND
(b) Plot No.65 of Jigani Industrial Area, 1st Phase Jigani village(in Survey
No.125 and 584 of Jigani village) Jigani Hobli,
Anekal Taluka, Bangalore District, measuring 4,266 square meters and bounded
on East by Plot No.66, West by Plot No.64, North by Plot No.60 and South by
Road |
|
Date of
instrument modifying the charge |
14.02.2011 |
|
Particulars of
the present modification |
By the above, the
amount secured by charge stands reduced from Rs.322.000 Millions to Rs.250.000
Millions and the same is additionally secured by immovable properties at (a)
Plot No.63/A of Jigani Industrial Area, 1st Phase, Jigani village, Jigani
Hobli, Anekal Taluka and (b) Plot No.65 of Jigani Industrial Area, 1st Phase
Jigani village, Jigani Hobli, Anekal Taluka (all other terms
and conditions remain unchanged) |
FIXED ASSETS
Tangible Assets
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Land
· Buildings
Intangible Assets
· Computer Software
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 records 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.53.74 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT/ VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
55 |
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.