|
Report Date : |
02.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
KALYAN SILKS TRICHUR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4/621/2, Kuriachira P.O., Thrissur - 680006, Kerala |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.03.2001 |
|
|
|
|
Com. Reg. No.: |
09-014624 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 100.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51311KL2001PTC014624 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK5929J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Retailer, Trader and Dealer in all kinds of Cloth, Textiles, and
Fabrics. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2120000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. The company has achieved a better increase in its sales turnover as
well as net profitability during 2013. The capital structure as well as
reserves appears to be healthy. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. The company can be considered for business dealings at usual trade
terms and condition. Note: The Partial
information required for rating is taken from indirect source i.e. ICRA. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan facilities : BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
July 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Term Non Fund based facilities : A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
July 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/ Corporate Office : |
4/621/2, Kuriachira P.O., Thrissur - 680006, Kerala, India |
|
Tel. No.: |
91-487-2335746/ 2253975/ 2253969 |
|
Fax No.: |
91-487-2337746 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Showrooms : |
Located at: v Thrissur v Kochi v Palakkad v Kozhikode v Kannur v Kottayam v Bangalore v Dubai v Thiruvalla v Sharjah |
DIRECTORS
AS ON 25.06.2013
|
Name : |
Pattabhiraman Thrikkur Seetharama Iyer |
|
Designation : |
Managing director |
|
Address : |
31/295, Ramayan, New Kalyan Extension, Punkunnam, Thrissur – 680002,
Kerala, India |
|
Date of Birth/Age : |
18.11.1951 |
|
Date of Appointment : |
28.03.2001 |
|
PAN No.: |
ACTPP3468J |
|
DIN No.: |
01181372 |
|
|
|
|
Name : |
Seetharaman Thrikkur Pattabhiraman |
|
Designation : |
Director |
|
Address : |
31/295, Ramayan, New Kalyan Extension, Punkunnam, Thrissur – 680002, Kerala,
India |
|
Date of Birth/Age : |
12.07.1979 |
|
Date of Appointment : |
14.09.2001 |
|
PAN No.: |
AGAPS7921A |
|
DIN No.: |
01225923 |
|
|
|
|
Name : |
Mr. Ramachandran Thrikkurmadom Pattabhiramna |
|
Designation : |
Director |
|
Address : |
31/295, Ramayan, New Kalyan Extension, Punkunnam, Thrissur – 680002,
Kerala, India |
|
Date of Birth/Age : |
02.04.1983 |
|
Date of Appointment : |
14.09.2001 |
|
PAN No.: |
AFKPR4624N |
|
DIN No.: |
00882479 |
|
|
|
|
Name : |
Madhumathi Lingam |
|
Designation : |
Director |
|
Address : |
31/295, Ramayan, New Kalyan Extension, Punkunnam, Thrissur – 680002,
Kerala, India |
|
Date of Birth/Age : |
29.07.1985 |
|
Date of Appointment : |
01.11.2010 |
|
DIN No.: |
05126835 |
|
|
|
|
Name : |
Vardhini Lakshmana Sarma |
|
Designation : |
Director |
|
Address : |
31/295, Ramayan, New Kalyan Extension, Punkunnam, Thrissur – 680002,
Kerala, India |
|
Date of Birth/Age : |
24.01.1983 |
|
Date of Appointment : |
01.11.2010 |
|
PAN No.: |
AQXPS0901K |
|
DIN No.: |
05126838 |
KEY EXECUTIVES
|
Name : |
K.N. Rishikesh |
|
Designation : |
Secretary |
|
Address : |
24/824, 6th Street, South End, Nehru Nagar, Kuriachira,
Thrissur – 680006, Kerala, India |
|
Date of Birth/Age : |
24.11.1955 |
|
Date of Appointment : |
20.04.2012 |
|
PAN No.: |
AEKPP3977M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.06.2013
|
Names of Shareholders |
|
No. of Shares |
|
Pattabhiraman Thrikkur Seetharama Iyer |
|
10200 |
|
Seetharaman Thrikkur Pattabhiraman |
|
4597 |
|
Ramachandran Thrikkurmadom Pattabhiramna |
|
4597 |
|
Madhumathi Lingam |
|
303 |
|
Vardhini Lakshmana Sarma |
|
303 |
|
|
|
|
|
Total |
|
20000 |
AS ON 25.06.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Retailer, Trader and Dealer in all kinds of Cloth, Textiles, and
Fabrics. |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
v State Bank of
India, Commercial Branch Ernakulam, First Floor, Vankarath Towers, Bye Pass Junction,
Padivattom, Ernakulam - 682024, Kerala, India v ICICI Bank
Limited, Delma Complex, Shornur Road, Thrissur - 680001, Kerala, India v Axis Bank
Limited, Thrissur Branch, 2nd Floor, City Centre, Round West, Thrissur -
680001, Kerala, India v The Dhanalakshmi
Bank Limited, Round South, Thrissur, Kerala, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sukumara Menon Venugopalan and Sathi Chartered Accountants |
|
Address : |
IX/539/10, Second Floor, Sreelakshmi Narayana Palace, Casino Complex, T.B. Road, Kokkalai, Thrissur – 680021, Kerala, India |
|
Tel. No.: |
91-487-2426299 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAYFS8626E |
|
|
|
|
Enterprises
which are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Kalyan Fabrics |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000 |
Equity Shares |
Rs. 5000/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000 |
Equity Shares |
Rs. 5000/- each |
Rs. 100.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
100.000 |
74.500 |
49.500 |
|
(b) Reserves & Surplus |
429.211 |
285.958 |
198.797 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
529.211 |
360.458 |
248.297 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
232.178 |
201.467 |
178.328 |
|
(b) Deferred tax liabilities (Net) |
24.371 |
19.667 |
13.124 |
|
(c)
Other long term liabilities |
0.399 |
0.580 |
0.521 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
256.948 |
221.714 |
191.973 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
369.093 |
569.484 |
228.340 |
|
(b)
Trade payables |
920.876 |
494.327 |
901.896 |
|
(c)
Other current liabilities |
154.641 |
111.520 |
150.329 |
|
(d)
Short-term provisions |
0.000 |
0.640 |
0.000 |
|
Total
Current Liabilities (4) |
1444.610 |
1175.971 |
1280.565 |
|
|
|
|
|
|
TOTAL |
2230.769 |
1758.143 |
1720.835 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
823.944 |
741.185 |
444.141 |
|
(ii)
Intangible Assets |
0.459 |
0.533 |
0.565 |
|
(iii)
Capital work-in-progress |
3.671 |
3.671 |
32.895 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
4.410 |
4.082 |
3.750 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
19.719 |
18.125 |
116.873 |
|
Total
Non-Current Assets |
852.203 |
767.596 |
598.224 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1069.548 |
773.791 |
954.843 |
|
(c)
Trade receivables |
177.753 |
83.445 |
42.193 |
|
(d)
Cash and cash equivalents |
59.584 |
76.415 |
73.941 |
|
(e)
Short-term loans and advances |
3.418 |
2.638 |
3.016 |
|
(f)
Other current assets |
68.2630 |
54.258 |
48.618 |
|
Total
Current Assets |
1378.566 |
990.547 |
1122.611 |
|
|
|
|
|
|
TOTAL |
2230.769 |
1758.143 |
1720.835 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
212.557 |
129.424 |
85.540 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
69.304 |
42.263 |
28.533 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
143.253 |
87.161 |
57.007 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
285.958 |
198.797 |
141.790 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
429.211 |
285.958 |
198.797 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
144.748 |
75.634 |
7.894 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7162.65 |
5849.75 |
5758.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.56
|
7.39 |
5.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.36 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.14
|
2.14 |
1.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95
|
0.84 |
0.88 |
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 |
No |
|
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 |
Profile
|
Client Industry |
Retail |
|
Client's
discipline |
Textile |
General
|
The growth of
the client's industry is best described as: |
Growing |
|
Brief
description of the services and/or goods the client provides to the
marketplace: |
Silk Sarees and Dress
Material |
|
What is the
legal structure of the client? |
Standalone
entity without subsidiary |
|
What type of
company is the client? |
Private Company |
Credit Rating
|
Client's debt
tracked by a credit rating agency? |
Yes |
|
Name of credit rating
agency: |
ICRA |
|
Credit rating
class provided by credit rating agency: |
Investment Grade |
|
Client credit
rating: |
BBB- / A3 |
|
Report on credit
worthiness of client purchased from: |
Not obtained |
Client Financials
|
Does the client have
a credit facility? |
Yes |
|
Do you have
financial information on this client? |
Yes |
|
Credit facility
type: |
Secured/Unsecured |
|
Amount of credit
facility: |
Secured :Rs. 599.049 Millions Unsecured :Rs. 2.222 Millions |
|
Currency of
financial statements/data: |
INR Millions |
|
Annualized
revenues: |
NA |
|
Annualized COGS: |
NA |
|
Annualized
EBITDA: |
NA |
|
Annualized net
income: |
Rs.143.253
Millions |
|
Cash balance: |
Rs.34.660
Millions |
|
Marketable Securities
balance: |
------------ |
|
Accounts
Receivable balance: |
Rs.177.753
Millions |
|
Current Assets
balance: |
Rs.1378.566
Millions |
|
Total assets
balance: |
Rs.2230.769
Millions |
|
Current
Liabilities balance: |
Rs.1444.610
Millions |
|
Long-Term Debt
balance: |
Rs.232.178
Millions |
|
Equity balance: |
Rs.529.211
Millions |
|
Net cash
provided by operating activities: |
Rs.344.888
Millions |
|
Date of client's
financial data populated: |
31.03.2013 |
|
Financial information
provided above audited? |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10259565 |
05/01/2013 * |
1,192,100,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH ERNAKULAM, FIRST FLOOR, VANKARATH TOWERS, BYE PASS JUNCTION, PADIVATTOM, ERNAKULAM - 682024, KERALA, INDIA |
B67669614 |
* Date of charge modification
UNSECURED LOANS
|
Unsecured Loans |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
2.222 |
2.677 |
|
Total |
2.222 |
2.677 |
Note:
The registered office of the company has been shifted from No. XXV/ 1147,
kalian Buildings, Naickanal Round [West], A R Menon Road, Trichur – 680001,
Kerala, India to the present w.e.f.01.06.2011
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. in Millions) |
|
|
DLB Bank guarantee issued in favour of Govt of India |
1.254 |
3.771 |
|
SBI guarantee issued in favour of Govt of India |
9.864 |
9.167 |
|
UBI guarantee issued in favour of Govt of India |
1.494 |
-- |
|
SBT guarantee issued in favour of Govt of India |
0.578 |
-- |
FIXED ASSETS:
v Land
v Buildings
v Office building
v Plant and equipment
v Other plant and equipment
v Furniture and fixtures
v Vehicles
v Motor vehicles
v Office equipment
v Other equipments
v Brands and trade marks
v Trade marks
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. 66.57 |
|
|
1 |
Rs. 103.34 |
|
Euro |
1 |
Rs. 88.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.