MIRA
INFORM REPORT
|
Report Date : |
10.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAI IRON (INDIA) LIMITED (w.e.f. 12.02.2002) |
|
|
|
|
Formerly Known
As : |
SAI IRON (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Premlata Building, 39 Shakespear Sarani, 3rd Floor, Kolkata – 700017, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.01.1991 |
|
|
|
|
Com. Reg. No.: |
21-099643 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 23.526 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100WB1991PLC099643 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Steel. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
profitability of the company appears to be low. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some 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 |
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 PARTED BY
|
Name : |
Mr. Manish Soni |
|
Designation : |
Account and Finance Department |
|
Contact No.: |
91-33-22892734 |
|
Date : |
09.05.2013 |
LOCATIONS
|
Registered Office : |
Premlata Building, 39 Shakespear Sarani, 3rd Floor,
Kolkata – 700017, West Bengal, India |
|
Tel. No.: |
91-33-22892734 |
|
Fax No.: |
91-33-22892735 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
318, Narayan Plaza, Exhibution Road, Patna – 800001, Bihar, India |
|
|
|
|
Factory 1 : |
Sabalpur, Didarganj, Patna City – 800009, Bihar, India |
|
|
|
|
Factory 2 : |
Located At : ·
Bihar |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Deepak Agarwal |
|
Designation : |
Director |
|
Address : |
Geetanyan, 18th, Alipore Road, Kolkata – 700027, West
Bengal, India |
|
Date of Birth/Age : |
14.07.1973 |
|
Date of Appointment : |
04.09.2003 |
|
DIN No.: |
00343812 |
|
|
|
|
Name : |
Mr. Dilip Agarwal |
|
Designation : |
Director |
|
Address : |
Geetanyan, 18th, Alipore Road, Kolkata – 700027, West
Bengal, India |
|
Date of Birth/Age : |
18.01.1971 |
|
Date of Appointment : |
26.09.2008 |
|
DIN No.: |
00343856 |
|
|
|
|
Name : |
Mr. Sajjan Kumar Kedia |
|
Designation : |
Director |
|
Address : |
Jagat Apartments, Flat No. 71, Bank Road, Gandhi Maidan, Patna –
800001, Bihar, India |
|
Date of Birth/Age : |
15.04.1956 |
|
Date of Appointment : |
27.05.2002 |
|
DIN No.: |
00545983 |
KEY EXECUTIVES
|
Name : |
Mr. Manish Soni |
|
Designation : |
Account and Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sitaram Agarwal |
|
11010 |
|
Dilip Agarwal |
|
16084 |
|
Sabita Agarwal |
|
11110 |
|
Nidhi Agarwal |
|
2440 |
|
Deepak Agarwal |
|
10 |
|
Sajjan Kumar Dedia |
|
50 |
|
Priti Agarwal |
|
50 |
|
Sitaram Agarwal (HUF) |
|
40000 |
|
Veerbhadra Sales Private limited, India |
|
14337 |
|
Sai Highrise Private Limited, India |
|
14130 |
|
Golcha Commodities Private Limited, India |
|
7895 |
|
Rocky Datamatics Private Limited, India |
|
14040 |
|
Skoda Trexim Private Limited, India |
|
14100 |
|
PKA Vyapaar Private limited, India |
|
18000 |
|
Matashree Tie-up Private Limited, India |
|
46000 |
|
PKA Merchants Private Limited, India |
|
26000 |
|
Total |
|
235256 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
65.67 |
|
Directors or relatives of Directors |
34.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Steel. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS As on 31.03.2011
|
Particulars |
|
|
|
31.03.2011 |
|
Installed
Capacity |
|
|
|
21000000 |
|
Actual Production |
|
|
|
8427.515 |
GENERAL INFORMATION
|
Customers : |
Wholesalers and End Users |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
70 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
· State Bank of India, Industrial Finance Branch, Kolkata, 11, Dr. U. N. Brahmachari Street, Kolkata - 700017, West Bengal, India · Central Bank of India, Camac Street Branch, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain Seth and Company Chartered Accountant |
|
Address : |
12/1 Lindsay Street, 1st Floor, Kolkata – 700087, West Bengal, India |
|
Tel. No.: |
91-33-30246194/ 95/ 96/ 97/ 98 |
|
PAN.: |
AARFS3521Q |
|
|
|
|
Enterprises in which the Key Managerial Person (KMP) and their relatives exercise significant influence and control (Others).: |
·
Super Smelters Limited ·
Sai Highrise Private Limited ·
Sai Sponge (India) Limited ·
Golcha Commodities Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.100/- each |
Rs. 25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
235256 |
Equity Shares |
Rs.100/-
each |
Rs. 23.526
Millions |
|
|
|
|
|
Reconciliation
|
Equity Shares |
No. |
|
Opening as on 31st March 2011 |
2,35,25,600 |
|
Add: Issued during the Year |
- |
|
Closing as on 31st March 2012 |
2,35,25,600 |
Shareholders holding
more than 5% of Share Capital
|
Name of the Equity
Shareholders |
% of shares held |
|
Matashree Tie - up Private Limited |
19.55% |
|
Sitaram Agarwal (HUF) |
17.00% |
|
PKA Merchants Private Limited |
11.05% |
|
PKA Vyapaar Private Limited |
7.65% |
|
Dilip Agarwal |
6.84% |
|
Veerbhadra Sales Private Limited |
6.09% |
|
SAI Highrise Private Limited |
6.01% |
|
Skoda Vyapaar Private Limited |
5.99% |
|
Rocky Oatamatics Private Limited |
5.97% |
The Company has
only one class of issued shares i.e. Equity Shares having par value of ^100/-
per share. Each holder of Equity Share is entitled to one vote per share &
equal right for dividend. The Dividend proposed by the Board of Directors if
any is subject to the approval of shareholders in the ensuring Annual General
meeting, except in case of Interim Dividend. In the event of liquidation, the
equity shareholders are eligible to receive the remaining assets of the Company
after payments of all preferential amounts, in proportion to their shareholding.
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 |
23.526 |
23.526 |
23.526 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
18.091 |
17.717 |
17.488 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
41.617 |
41.243 |
41.014 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
37.335 |
32.179 |
27.272 |
|
|
2] Unsecured Loans |
0.000 |
10.000 |
0.000 |
|
|
TOTAL BORROWING |
37.335 |
42.179 |
27.272 |
|
|
DEFERRED TAX LIABILITIES |
0.609 |
0.747 |
0.805 |
|
|
|
|
|
|
|
|
TOTAL |
79.561 |
84.169 |
69.091 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
23.051 |
24.606 |
25.572 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.338 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
38.707
|
48.792 |
42.854 |
|
|
Sundry Debtors |
7.703
|
14.172 |
17.246 |
|
|
Cash & Bank Balances |
2.753
|
1.179 |
4.239 |
|
|
Other Current Assets |
3.355
|
3.385 |
0.501 |
|
|
Loans & Advances |
14.490
|
12.234 |
13.369 |
|
Total
Current Assets |
67.008
|
79.762 |
78.209 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.957
|
16.078 |
31.433 |
|
|
Other Current Liabilities |
5.056
|
3.478 |
3.018 |
|
|
Provisions |
0.485
|
0.643 |
0.577 |
|
Total
Current Liabilities |
10.498
|
20.199 |
35.028 |
|
|
Net Current Assets |
56.510
|
59.563 |
43.181 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
79.561 |
84.169 |
69.091 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
205.641 |
209.892 |
197.236 |
|
|
|
Other Income |
3.923 |
0.268 |
5.146 |
|
|
|
TOTAL (A) |
209.564 |
210.160 |
202.382 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Raw Materials Consumed |
160.328 |
186.288 |
|
|
|
|
Changes in inventory finished goods |
15.954 |
(11.035) |
|
|
|
|
Employee Benefit Expenses |
3.176 |
2.844 |
197.629 |
|
|
|
Other Expenses |
21.378 |
24.243 |
|
|
|
|
TOTAL (B) |
200.836 |
202.340 |
197.629 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.728 |
7.820 |
4.753 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.631 |
3.788 |
3.888 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.097 |
4.032 |
0.865 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.460 |
3.676 |
3.773 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.637 |
0.356 |
(2.908) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.263 |
0.127 |
0.547 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.374 |
0.229 |
(3.455) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.718 |
3.489 |
6.944 |
|
|
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
4.092 |
3.718 |
3.489 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.59 |
0.97 |
NA |
|
%20LIMITED%20-%20221024%2010-May-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.18
|
0.11 |
(1.70) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.31
|
0.17 |
(1.47) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.71
|
0.34 |
(2.80) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.01 |
(0.07) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.89
|
1.02 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.38
|
3.95 |
2.23 |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
PERFORMANCE
Production and Sales in volume terms increased by more than 3% and 2% during the above year under review. Due to strained margin of profit trading activity in Steel Products were not undertaken during the year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U27100WB1991PLC099643 |
|
Name of the
company |
SAI IRON(INDIA)
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Premlata Building, 39 Shakespear Sarani, 3rd Floor, Kolkata – 700017, West Bengal, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
90252924 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
State Bank Of
India, Industrial Finance Branch, 11, Dr. U. N. Brahmachari Street, Kolkata –
700017, West Bengal, India |
|
Nature of
instrument creating charge |
Memorandum of
Deposit for creation of further charge for Term Loan/Overall Limit where the
initial Charge is Created by way of Mortgage by Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
11.02.2012 |
|
Amount secured by
the charge |
Rs.101.600
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As applicable to
the Borrower (Sai Sponge (India) Limited). Terms of Repayment As applicable to
the Borrower (Sai Sponge (India) Limited). Margin As applicable to
the Borrower (Sai Sponge (India) Limited). Extent and Operation of the charge The charge
operates as first charge basis on the whole of the mortgaged properties to
secure the maximum amount under the said charge fixed at Rs.101.600 millions
granted or to be granted by the Bank (the charge holder) to M/s. Sai Sponge
(India) Limited (the Borrower) together with interest, costs and charges
thereon. Others Originally, the
charge was created in favour of SBI, S.S.I. Branch, Adityapur, Jamshedpur,
Bihar and the same charge is being modified in favour of SBI, IFB Branch, 11,
Dr. U. N. Brahmachari Street, Kolkata - 700017. |
|
Short particulars
of the property or asset(s) charged (including complete address and location of
the property) |
Office space No.318 on 3rd Floor, measuring 550 sq.ft. along with proportionate undivided share in the land in Narain Plaza constructed at Exhibition Road, Patna on Municipal Survey Plot No.6989 at Mauza Moharrampur the Ward No.2, Circle No.6, Holding No.320A, 320B and 329 within limit of Patna Municipal Corporation, Patna Development authority in the town and district of Patna under Sale Deed No.R-3/BBB-629/2001 |
|
Date of
instrument modifying the charge |
21.01.2006 |
|
Particulars of the
present modification |
By this
modification, charge on the mortgaged properties of the Company extended to
secure the overall limit of Rs.101.600 Millions as reduced from Rs.155.800
millions granted or to be granted by the Bank (the Charge holder) to M/s. Sai Sponge (India) Limited (the
Borrower) together with interest, costs and charges thereon. All other terms
and conditions continue to remain as before in full force and effect. |
UNSECURED LOAN
(Rs in Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Unsecured |
0.000 |
10.000 |
|
Total |
0.000 |
10.000 |
|
|
|
|
CONTINGENT LIABILITIES
·
Bank Guarantee: Nil
{Previous Year: Rs. 1.500 Millions)
·
Corporate Guarantees to Bank
against Credit Facilities to a company: Rs..73.662 Millions /- (Previous Year
Rs. 69.927 Millions)
·
Claims not acknowledged
as debt on matters relating to sales tax Rs. 46.256 Millions {Previous Year:
6.256 Millions)
FIXED ASSETS
· Land Building
· Plant and Equipments
· Vehicles
· Office Equipments
· Furniture and Fixtures
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. 54.24 |
|
|
1 |
Rs. 84.30 |
|
Euro |
1 |
Rs. 71.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
UDS |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
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 |
|
31 |
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.