MIRA
INFORM REPORT
|
Report Date : |
06.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHOGUN ORGANICS LIMITED |
|
|
|
|
Registered
Office : |
A – 106, 1st Floor, Kotia Nirman, New |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
09.09.1993 |
|
|
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|
Com. Reg. No.: |
11-073845 |
|
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|
Capital
Investment / Paid-up Capital : |
Rs. 96.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1993PLC073845 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS6067N |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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|
Line of Business
: |
The Company is in the business of manufacturing and
selling of Chemicals. |
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|
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 580000 |
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|
|
|
Status : |
Moderate |
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|
Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Latest
financials are not available. As per previous year financials. The company seems
to be performing well. However, reserves of the company appear to be low. Trade relations are
reported as fair. Business is active. Payments terms are unknown. In absence
of latest financials. The company can be considered for business dealings with slight
cautions. |
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 |
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 : |
A – 106, 1st Floor, Kotia Nirman, New Link Road, Andheri (West),
Mumbai – 400058, India |
|
Tel. No.: |
91-02266776845/46 |
|
Fax No.: |
91-02266776847 |
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E-Mail : |
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Website : |
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Factory : |
Plot No. D/8, MIDC Kurkumbh Taluka Daund, Dist. Pune -
413802 , India |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Amit Ramaswamy Kalyanaraman |
|
Designation : |
Managing director |
|
Address : |
1601, Panchatantra Heights CHS, Off Yari Road, Versova, Andheri - West, Mumbai - 400 061, India |
|
Date of Birth/Age : |
04.06.1979 |
|
Date of Appointment : |
24.12.2003 |
|
DIN No.: |
00547313 |
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|
|
|
Name : |
Mrs. Lata Mohan Iyer |
|
Designation : |
Director |
|
Address : |
1602, Panchatantra Towers, Off Yari Road, Versova, Andheri - West, Mumbai - 400 061, India |
|
Date of Birth/Age : |
05.12.1956 |
|
Date of Appointment : |
23.12.2005 |
|
DIN No.: |
00427468 |
|
|
|
|
Name : |
Mr. Abhishek Ajai Dalmia |
|
Designation : |
Director |
|
Address : |
Radha Vihar, 35-B, Prithviraj Road, New Delhi – 110011, India |
|
Date of Birth/Age : |
06.05.1969 |
|
Date of Appointment : |
12.08.2006 |
|
DIN No.: |
00011958 |
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|
|
|
Name : |
Mr. Satish Chandra Katyal |
|
Designation : |
Director |
|
Address : |
Glamcent, 1st Floor, 350, Central Avenue, Chembur, Mumbai 400 071, India |
|
Date of Birth/Age : |
01.07.1942 |
|
Date of Appointment : |
12.08.2006 |
|
DIN No.: |
00614377 |
|
|
|
|
Name : |
Mr. Ramaswamy Kalyanaraman |
|
Designation : |
Managing Director |
|
Address : |
1601, Panchatantra Heights CHS, Off Yari Road, Versova, Andheri - West, Mumbai - 400 061, India |
|
Date of Birth/Age : |
13.04.1951 |
|
Date of Appointment : |
27.09.1993 |
|
DIN No.: |
00451867 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Lata Mohan Iyer |
|
2788460 |
|
Lalu Samuel |
|
410410 |
|
Amit R. Kalyanaraman |
|
1066030 |
|
Avalokiteshvar Valinv Ltd. |
|
1628300 |
|
Raghu Trading & Investment Company Private Limited |
|
2566000 |
|
R. Sahasraraman |
|
600 |
|
Sapna Amit Ramaswamy |
|
50000 |
|
K. Sharda |
|
50000 |
|
|
|
|
|
Total |
|
8559800 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
4.79 |
|
Bodies corporate |
|
49.00 |
|
Directors or relatives of directors |
|
46.21 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is in the business of manufacturing and selling
of Chemicals. |
PRODUCTION STATUS
As On: 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
|
EBT |
MT |
NA |
120 |
|
ETOC |
MT |
NA |
48 |
|
Transfluthirn |
MT |
NA |
480 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
· The South Indian Bank, Hill Road Branch, Sagar Elegance Building, 107/D, Near Mehboob Studio, Hill Road, Bandra (West), Mumbai - 400050, Maharashtra India · CITI Bank |
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
The Industrial Finance Corporation of India Limited, Bank of Baroda
Buliding, New Delhi – 110001, Delhi, India |
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Auditors : |
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|
Name : |
A. P. Sanzgiri and company Chartered Accountants |
|
Address : |
21/167, Anand Nagar OH Chs, Anand Nagar Lane, Off. Nehru Road, Vakola,
Santacruz (East), Mumbai – 400055, Maharashtra India |
|
PAN No.: |
AADFA5503F |
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|
|
|
Associates : |
·
REVATHI EQUIPMENT LIMITED (Director) CIN NO.
L29120TZ1977PLC000780 ·
RAJRATAN GLOBAL WIRE LIMITED (Director)
CIN NO. L27106MP1988PLC004778 ·
LANCO INDUSTRIES LIMITED (Director) CIN NO. L99999AP1991PLC013391 ·
SAFFRON AGENCIES LIMITED (Director) CIN NO. L51109WB1981PLC034224 ·
ASHIANA HOUSING & FINANCE (INDIA) LIMITED (Director) CIN NO. U70109WB1986PLC040864 ·
ASRA PLANTATIONS PRIVATE LIMITED (Director) CIN NO. U01119DL1996PTC080731 ·
PRIYADARSHANY AGRI FARMS PRIVATE LIMITED
(Director) CIN NO. U01121DL1997PTC085141 ·
SOHNA AGRI FARMS PRIVATE LIMITED (Director) CIN NO. U01121DL1997PTC085142 ·
SUNGLOW AGRICULTURE FARMS PRIVATE LIMITED
(Director) CIN NO. U01110DL1997PTC085693 |
CAPITAL STRUCTURE
As on: 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14000000 |
Equity Shares |
Rs.10/- each |
Rs.140.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8559800 |
Equity Shares |
Rs.10/- each |
Rs. 85.598
Millions |
|
|
|
|
|
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14000000 |
Equity Shares |
Rs.10/- each |
Rs.140.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9600000 |
Equity Shares |
Rs.10/- each |
Rs. 96.000
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 |
96.000 |
96.000 |
96.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
49.625 |
28.243 |
13.960 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
145.625 |
124.243 |
109.960 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
16.456 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
16.456 |
|
|
DEFERRED TAX LIABILITIES |
4.196 |
3.598 |
2.312 |
|
|
|
|
|
|
|
|
TOTAL |
149.821 |
127.841 |
128.728 |
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
69.624 |
69.652 |
65.411 |
|
|
Capital work-in-progress |
1.386 |
0.463 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
18.284
|
31.830 |
13.074 |
|
|
Sundry Debtors |
38.317
|
22.060 |
53.735 |
|
|
Cash & Bank Balances |
48.791
|
17.012 |
3.766 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
8.512
|
11.972 |
6.011 |
|
Total
Current Assets |
113.904
|
82.874 |
76.586 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
30.594
|
8.830 |
3.596 |
|
|
Other Current Liabilities |
4.275
|
4.580 |
0.664 |
|
|
Provisions |
0.224
|
11.738 |
9.009 |
|
Total
Current Liabilities |
35.093
|
25.148 |
13.269 |
|
|
Net Current Assets |
78.811
|
57.726 |
63.317 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
149.821 |
127.841 |
128.728 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
221.907 |
168.693 |
131.714 |
|
|
|
Other Income |
2.008 |
2.647 |
0.363 |
|
|
|
TOTAL (A) |
223.915 |
171.340 |
132.077 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employed related Expenses |
5.777 |
|
|
|
|
|
Consumption material changes inventories |
130.563 |
102.186 |
|
|
|
|
Manufacturing service costs |
2.794 |
3.245 |
|
|
|
|
Administrative selling other Expenses |
25.876 |
17.803 |
|
|
|
|
Prior period items |
0.150 |
0.155 |
|
|
|
|
Research development expenditure |
0.274 |
0.000 |
|
|
|
|
TOTAL (B) |
165.434 |
128.039 |
110.328 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
58.481 |
43.301 |
21.749 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.616 |
1.339 |
1.380 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
57.865 |
41.962 |
20.369 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.862 |
2.637 |
1.607 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
55.003 |
39.325 |
18.762 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
17.897 |
13.811 |
6.962 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
37.106 |
25.514 |
11.800 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
3.739 |
0.712 |
|
|
TOTAL EARNINGS |
NA |
3.739 |
0.712 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
103.664 |
89.982 |
73.504 |
|
|
|
Others |
NA |
0.291 |
0.000 |
|
|
TOTAL IMPORTS |
103.664 |
90.273 |
73.504 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.87 |
2.66 |
1.23 |
|
%2006-May-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
25.48 |
20.53 |
10.73 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
57.29 |
40.96 |
19.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
29.97 |
25.78 |
13.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.31 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.24 |
3.30 |
5.77 |
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 |
No |
|
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 |
No |
NOTE:-
The Registered Office of the company has been
shifted from 502 – B, 5th Floor. Kotia Nirman, Link Road, Andheri
(West), Mumbai – 400053, India to the present address w.e.t. 01.07.2011
NATURE OF OPERATIONS
The Company is in the business of manufacturing and selling
of Chemicals. It has its customer base spread all over India as well in
Bangladesh and Indonesia. The Company continuously upgrades existing products
and develops new products to keep ahead of the cure.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U99999MH1993PLC073845 |
|
Name of the
company |
SHOGUN ORGANICS
LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
A - 106, 1st
Floor, Kotia Nirman, New Link Road, Andheri (West), Mumbai – 400058, India Email id:- suchetap@shogunorganics.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10046828 |
|
Type of charge |
Immovable
property Any interest in immovable property Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
The South Indian Bank,
Hill Road Branch, Sagar Elegance Building, 107/D, Near Mehboob Studio, Hill
Road, Bandra (West), Mumbai – 400050, India Email id:- br0389@sib.co.in |
|
Nature of
instrument creating charge |
a) Supplemental Deed
of Hypothecation. b) Letter
Confirming Deposit of Title Deeds. |
|
Date of
instrument Creating the charge |
25.06.2012 |
|
Amount secured by
the charge |
Rs. 900.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest CCOL: Base rate +
3.00% p.a. (Presently at 13.50% p.a.) with monthly rest. Import /Inland
LC: Commission - 50% of normal charges. Terms of
Repayment Repayable on
Demand. Margin CCOL : 25% on Stocks 50% on book debts not older than 90
days Import /Inland LC
: 20% Extent and
Operation of the charge The charge is to
operate as security, by way of first exclusive charge, for the due repayment
of the credit facility of Rs.90.000 millions together with interests,
additional interest, costs, charges, expenses and all other moneys payable by
the Company to the Bank from time to time in terms of sanction. Others Facility Limits (Rs. in Millions) Existing Revised ----------------- ----------- ------------ CCOL 17.500 20.000 Import/ Inland
LC 32.500 70.000 ---------------------- ---------- ----------- Total 50.000 90.000 ============ ======
======= |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
A) Hypothecation,
by way of first charge, of all the Company's : a) Book debts, receivable
and other claims which are due and owing to the company from time to time. b) Stocks which
are stored / to be stored at the factories, godowns and premises of the
company or elsewhere. c) Materials to
be procured. B) Extension of
Mortgage on the following immovable property of the Company : Land admeasuring
106384 sq. mtrs. Acres/ Ares situated in the Survey No. Plot No.D-18 of
Kurkumbh Industrial Area, Kurkumbh Village, Daund Taluk, Pune District,
together with all buildings existing and / or to be constructed thereon in
future. |
|
Date of
instrument modifying the charge |
24.06.2011 |
|
Particulars of
the present modification |
The amount
secured by the charge has been enhanced from Rs.50.000 millions to Rs.90.000
millions and the enhanced limit shall continue to be secured by the : a) Hypothecation
of all the company's stocks, book debts and materials to be procured. b) Extension of
Mortgage on the company's immovable properties viz. Land adm.106384 sq.mtrs
in Plot No.D-18 of Kurkumbh Industrial Area, Kurkumbh Village, Daund Taluk,
Pune Dist. together with all buildings, existing and / or to be constructed
thereon in future. |
FIXED ASSETS
·
Plants and Machineries
·
R and D Equipments
·
Office Equipments
·
Building – Kurkumbh
·
Factory Equipments
·
Furniture and Fixtures
·
Electrical Installations
·
Computers
·
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 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. 53.95 |
|
|
1 |
Rs. 83.81 |
|
Euro |
1 |
Rs. 70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
34 |
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.