MIRA
INFORM REPORT
|
Report Date : |
22.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHAKTI INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
303-B, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.10.2004 |
|
|
|
|
Com. Reg. No.: |
11-149195 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.20.110
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51220MH2004PTC149195 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS47856E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS4914J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Edible Oils. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 980000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade relations seem to be fair. Business is active. Payment terms are
reported as usually correct. The company can be considered for 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
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: BBB |
|
Rating Explanation |
Moderate degree of safety it carry moderate
credit risk. |
|
Date |
16.06.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A3+ |
|
Rating Explanation |
Moderate degree of safety it higher credit
risk. |
|
Date |
16.06.2014 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Shreyas Srinivaas Sirigeri |
|
Designation : |
Director |
|
Contact No.: |
91-9920057885 |
|
Date : |
25.11..2014 |
LOCATIONS
|
Registered Office / Warehouse : |
303-B, |
|
Tel. No.: |
91-22-25707000/ 40053333/ 60793388 |
|
Mobile No.: |
91-9920057885 (Mr. Shreyas Sirigeri) |
|
Fax No.: |
91-22-40050033 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Srinivaas Venkoba Sirigeri |
|
Designation : |
Managing Director |
|
Address : |
C-1601, Lake Castle Co-operative Housing Society Limited, |
|
Date of Birth/Age : |
16.05.1961 |
|
Date of Appointment : |
21.10.2004 |
|
DIN No.: |
00107126 |
|
PAN No.: |
AAEPS3211P |
|
|
|
|
Name : |
Mr. Siddharth Srinivaas Sirigeri |
|
Designation : |
Director |
|
Address : |
C-1601, Lake Castle Co-operative Housing Society Limited, |
|
Date of Birth/Age : |
07.05.1985 |
|
Date of Appointment : |
21.10.2004 |
|
DIN No.: |
00107391 |
|
PAN No.: |
AYCPS0368P |
|
|
|
|
Name : |
Mr. Shreyas Srinivaas Sirigeri |
|
Designation : |
Director |
|
Address : |
C-1601, Lake Castle Co-operative Housing Society Limited, Cliff Avenue
Road, Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1985 |
|
Date of Appointment : |
23.07.2012 |
|
DIN No.: |
03313676 |
|
PAN No.: |
BYZPS3375N |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of
holding |
|
Srinivaas Sirigeri |
1240000 |
61.65 |
|
Siddharth Sirigeri |
21000 |
1.03 |
|
Padmaja S. Sirigeri |
300000 |
14.91 |
|
Jayshree H. Gor |
50000 |
2.49 |
|
Jayshree D. Makani |
50000 |
2.49 |
|
Vijay P. Motta |
50000 |
2.49 |
|
Vipul N. Kotak |
50000 |
2.49 |
|
Shantaram B. Khilari |
50000 |
2.49 |
|
Rupa H. Tanna |
50000 |
2.49 |
|
Genus Comu Trade Limited, India |
50000 |
2.49 |
|
RFL International Limited, India |
50000 |
2.49 |
|
Ken Securities Limited, India |
50000 |
2.49 |
|
Total |
2011000 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
7.47 |
|
Directors
or relatives of directors |
|
77.59 |
|
Other
top fifty shareholders |
|
14.94 |
|
Total |
|
100.00 |
%2022-Dec-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Edible Oils. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Edible Oils |
|
Countries : |
· Indonesia · Malaysia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
|
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|||||||
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Bankers : |
· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Vadodara – 390 015, Gujarat, India · Oriental Bank of Commerce, Prabhadevi Branch, Aman Chambers, 1st Floor, Veer Savarkar Marg, Prabhadevi, Mumbai – 400 025, Maharashtra, India · State Bank of India, Backbay Reclamation Branch, Raheja Chambers, Nariman Point, Mumbai – 400 021, Maharashtra, India |
|||||||
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|
|||||||
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Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D.C. Bothra and Company Chartered Accountants |
|
Address : |
297, Tardeo Road, Willie Mansion, Nana Chowk, Mumbai – 400 007, Maharashtra, India |
|
Tel. No.: |
91-22-23876643/ 64551656 |
|
Fax No.: |
91-22-23876943 |
|
E-Mail : |
|
|
PAN
No.: |
AACFD4645G |
|
|
|
|
Membership : |
-- |
|
|
|
|
Enterprise over which Director has
significant influence : |
Shakti Enterprises |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2011000 |
Equity Shares |
Rs.10/- each |
Rs.20.110
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
20.110 |
20.110 |
20.110 |
|
(b) Reserves & Surplus |
324.365 |
264.141 |
197.835 |
|
(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) |
344.475 |
284.251 |
217.945 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
150.958 |
123.732 |
140.684 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.159 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.036 |
|
Total Non-current
Liabilities (3) |
150.958 |
123.732 |
140.879 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
856.827 |
752.976 |
1258.498 |
|
(c)
Other current liabilities |
4.009 |
8.966 |
4.064 |
|
(d) Short-term
provisions |
1.043 |
0.353 |
0.000 |
|
Total Current
Liabilities (4) |
861.879 |
762.295 |
1262.562 |
|
|
|
|
|
|
TOTAL |
1357.312 |
1170.278 |
1621.386 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible
assets |
3.377 |
3.016 |
3.865 |
|
(ii)
Intangible Assets |
0.084 |
0.139 |
0.232 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.255 |
0.263 |
0.458 |
|
(e) Other
Non-current assets |
11.036 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
14.752 |
3.418 |
4.555 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
50.976 |
49.279 |
57.280 |
|
(b)
Inventories |
0.000 |
130.807 |
0.000 |
|
(c)
Trade receivables |
752.222 |
507.366 |
717.686 |
|
(d) Cash
and cash equivalents |
425.329 |
247.143 |
782.963 |
|
(e)
Short-term loans and advances |
96.385 |
225.898 |
55.839 |
|
(f)
Other current assets |
17.648 |
6.367 |
3.063 |
|
Total
Current Assets |
1342.560 |
1166.860 |
1616.831 |
|
|
|
|
|
|
TOTAL |
1357.312 |
1170.278 |
1621.386 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4282.144 |
3556.363 |
4696.628 |
|
|
|
Other Income |
77.684 |
93.280 |
71.595 |
|
|
|
TOTAL (A) |
4359.828 |
3649.643 |
4768.223 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
4021.954 |
3623.474 |
|
|
|
|
Increase / (Decrease) in Stock |
130.807 |
(130.807) |
|
|
|
|
Employee Benefits Expenses |
6.076 |
4.865 |
|
|
|
|
Other Expenses |
110.699 |
49.658 |
|
|
|
|
TOTAL (B) |
4269.536 |
3547.190 |
4683.432 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
90.292 |
102.453 |
[including
Financial and Depreciation Expenses] |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.877 |
4.050 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
86.415 |
98.403 |
|
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
0.980 |
1.143 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
85.435 |
97.260 |
84.791 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
25.211 |
30.954 |
22.543 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
60.224 |
66.306 |
62.248 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
58.61 |
64.53 |
30.95 |
|
%2022-Dec-2014_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.41 |
1.86 |
1.33 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
2.11 |
2.88 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.29 |
8.31 |
5.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.34 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.44 |
0.44 |
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.56 |
1.53 |
1.28 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
20.110 |
20.110 |
20.110 |
|
Reserves & Surplus |
197.835 |
264.141 |
324.365 |
|
Net
worth |
217.945 |
284.251 |
344.475 |
|
|
|
|
|
|
long-term borrowings |
140.684 |
123.732 |
150.958 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
140.684 |
123.732 |
150.958 |
|
Debt/Equity
ratio |
0.646 |
0.435 |
0.438 |
%2022-Dec-2014_files/image005.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
4696.628 |
3556.363 |
4282.144 |
|
|
|
(24.278) |
20.408 |
%2022-Dec-2014_files/image007.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In
Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
4696.628 |
3556.363 |
4282.144 |
|
Profit |
62.248 |
66.306 |
60.224 |
|
|
1.33% |
1.86% |
1.41% |
%2022-Dec-2014_files/image009.gif)
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) |
Yes |
|
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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10341581 |
17/02/2012 |
20,000,000.00 |
ICICI BANK LIMITED |
LANDMARK RACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B34772806 |
|
2 |
10338524 |
17/02/2012 |
150,000,000.00 |
ICICI BANK LIMITED |
LANDMARK RACE COURCE CIRCLE,
ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B33414020 |
|
3 |
10247612 |
27/09/2013 * |
540,000,000.00 |
ORIENTAL BANK OF COMMERCE |
PRABHADEVI BRANCH, AMAN
CHAMBERS, 1ST FLOOR, VEER SAVARKAR MARG, PRABHADEVI, MUMBAI,
MAHARASHTRA - |
B86470655 |
|
4 |
10197295 |
12/01/2010 |
250,000,000.00 |
ORIENTAL BANK OF COMMERCE
LIMITED |
PRABHADEVI BRANCH, AMAN
CHAMBERS, 1ST FLOOR, VEER SAVARKAR MARG, PRABHADEVI, MUMBAI,
MAHARASHTRA - |
A77635100 |
|
5 |
10192686 |
03/11/2011 * |
336,100,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION
BRANCH, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B26608000 |
* Date of charge modification
FIXED ASSETS:
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
·
Office Equipment
·
Computer Equipments
·
Other Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.63.07 |
|
|
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.77.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
45 |
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.