|
Report Date : |
16.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHRI TRADCO DEESAN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
26, Anantwadi,
4th Floor, Bhuleshwar, Mumbai – 400002, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.05.2010 |
|
|
|
|
Com. Reg. No.: |
11-203313 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.300
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15400MH2010PTC203313 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS67217D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAOCS3063L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of Maize and Manufacturing of Starch Powder and By
products. |
|
|
|
|
No. of Employees
: |
450 (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 66000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The management has failed to file its financial with government
department for the year 2013. As per previous financial of 2012, profitability of the company seems
to be fair. Trade relations are fair. Business is active. Payment terms are reported
to be 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.
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million estimated
losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term fund based : Term Loans (BBB-) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
June 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non fund based limits : A3 |
|
Rating Explanation |
Moderate degree of safety and high credit
risk |
|
Date |
June 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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sanjay |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-2562-261801 |
|
Date : |
15.01.2014 |
LOCATIONS
|
Registered Office : |
26, Anantwadi, 4th
Floor, Bhuleshwar, Mumbai – 400002, Maharashtra, India |
|
Tel. No.: |
91-22-22085881 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Mumbai - Agra Highway, Biladi Phata, Deopur, Dhule – 424005,
Maharashtra, India |
|
Tel. No.: |
91-2562-261801/ 2/ 3/ 270040 |
|
Fax No.: |
91-2562-261900 |
|
|
|
|
Branch Office : |
10/868, Shahapur Road, Vardhman Chouti, Ichalkaranji, Kolhapur
– 416115, Maharashtra, India |
|
Tel. No.: |
91-230-2431361/ 2437593/ 2433583/ 2422143 |
|
Fax No.: |
91-230-2422184 |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Rajratan Babulal Agarwal |
|
Designation : |
Director |
|
Address : |
Gokul Geet, Gopal Apartment, Opposite Laxmi Processors, Ichalkarnjai – 416115, Maharashtra, India |
|
Date of Birth/Age : |
31.10.1967 |
|
Date of Appointment : |
17.05.2010 |
|
DIN No.: |
00590875 |
|
|
|
|
Name : |
Mrs. Nidhi Rajaratan Agarwal |
|
Designation : |
Director |
|
Address : |
Gokul Geet, Gopal Apartment, Opposite Laxmi Processors, Ichalkarnjai – 416115, Maharashtra, India |
|
Date of Birth/Age : |
31.12.1969 |
|
Date of Appointment : |
17.05.2010 |
|
DIN No.: |
00590971 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Equity Shareholders |
|
No. of Shares |
|
Rajratan Babulal Agarwal |
|
100 |
|
Nidhi Rajaratan Agarwal |
|
100 |
|
Shri Tradco India Private Limited, India |
|
29800 |
|
|
|
|
|
Total |
|
30000 |
AS ON 22.10.2012
|
Names of Allottee (Equity Share) |
|
No. of Shares |
|
Shri Tradco India Private Limited, India |
|
870000 |
|
|
|
|
|
Total |
|
870000 |
|
Names of Allottees (Preference Shares) |
|
No. of Shares |
|
Acute Consultancy Limited, India |
|
990000 |
|
Shyam Alcohol and Chemicals Limited, India |
|
1900000 |
|
Shipra Fabrics Private Limited, India |
|
980000 |
|
P Saji Textiles Limited, India |
|
950000 |
|
Sampada Chemicals Limited, India |
|
150000 |
|
Lunkad Textiles Private
Limited, India |
|
950000 |
|
Conart Traders Limited, India |
|
650000 |
|
Dolex Commercial Private Limited, India |
|
900000 |
|
B K Dyeing and Printing Mills Private
Limited, India |
|
900000 |
|
Victory Sales Private Limited,
India |
|
930000 |
|
Santoshima Tradelinks Limited, India |
|
700000 |
|
|
|
|
|
Total |
|
10000000 |
AS ON 30.03.2013
|
Names of Allottees (Preference Shares) |
|
No. of Shares |
|
Lorraine Finance Private Limited, India |
|
200000 |
|
Veedhata Towers Private Limited, India |
|
200000 |
|
Tarapur Transformers Limited, India |
|
450000 |
|
Aesthetic Stampings and Laminations Private
Limited, India |
|
750000 |
|
Rajratan Babulal Agarwal |
|
2000000 |
|
Sn Waterfront Health Farms Private Limited,
India |
|
2900000 |
|
Omprakash Engineering Private Limited, India |
|
7050000 |
|
|
|
|
|
Total |
|
13550000 |
AS ON 28.09.2012
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
99.33 |
|
Directors
or relatives of directors |
0.67 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Maize and Manufacturing of Starch Powder and By
products. |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production Qty |
|
Starch |
M.T. |
NA |
52000 |
11403.400 |
|
Husk |
M.T. |
NA |
11000 |
-- |
|
Gluten |
M.T. |
NA |
11000 |
574.695 |
|
Maize Germ |
M.T. |
NA |
1730 |
776.355 |
|
Others |
-- |
-- |
-- |
3465.635 |
NOTE:
· Licensed capacity is not applicable as the industry has been delicensed.
#
Installed capacity is as certified by management and relied upon the Auditors.
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
450 (Approximately) |
|
|
|
|
Bankers : |
· State Bank of India Seepz Branch, Andheri (East), Mumbai - 400096, Maharashtra, India Contact No.:
91-22-28292869 (Ringing) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M L Bhuwania And Company Chartered Accountants |
|
Address : |
F-11, 3rd Floor, Manek Mahal, 90 Veer Nariman Road, Churchgate,
Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-61174949 |
|
Fax No.: |
91-22-61174950 |
|
E-Mail : |
|
|
Website : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFM1380R |
|
|
|
|
Holding company : |
Shri Tradco India
Private Limited [U52110MH2006PTC160800] |
|
|
|
|
Fellow Subsidiary Company : |
· Shri Tradco Starch Private Limited Honest Derivatives Private Limited |
CAPITAL STRUCTURE
AFTER 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
25,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 250.000 Millions |
|
|
Total |
|
Rs. 300.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900,000 |
Equity Shares |
Rs. 10/- each |
Rs. 9.000
Millions |
|
23,550,000 |
Preference Shares |
Rs. 10/- each |
Rs. 235.500
Millions |
|
|
Total |
|
Rs. 244.500 Millions |
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.300
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.300 |
0.300 |
|
(b) Reserves & Surplus |
|
16.146 |
2.643 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
16.446 |
2.943 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
5.504 |
0.109 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.344 |
0.581 |
|
Total Non-current
Liabilities (3) |
|
5.848 |
0.690 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
2.327 |
341.044 |
|
(b)
Trade payables |
|
295.274 |
28.698 |
|
(c) Other
current liabilities |
|
150.693 |
10.699 |
|
(d) Short-term
provisions |
|
4.044 |
1.250 |
|
Total Current
Liabilities (4) |
|
452.338 |
381.691 |
|
|
|
|
|
|
TOTAL |
|
474.632 |
385.324 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
231.748 |
256.596 |
|
(ii)
Intangible Assets |
|
0.033 |
0.044 |
|
(iii)
Capital work-in-progress |
|
73.970 |
10.731 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
8.276 |
5.339 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
314.027 |
272.710 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
99.224 |
51.870 |
|
(c)
Trade receivables |
|
47.295 |
49.224 |
|
(d) Cash
and cash equivalents |
|
0.987 |
8.460 |
|
(e)
Short-term loans and advances |
|
2.776 |
0.631 |
|
(f)
Other current assets |
|
10.323 |
2.429 |
|
Total
Current Assets |
|
160.605 |
112.614 |
|
|
|
|
|
|
TOTAL |
|
474.632 |
385.324 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
1016.125 |
260.377 |
|
|
|
Other Income |
|
NA |
NA |
|
|
|
TOTAL |
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
52.494 |
20.852 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
32.481 |
16.928 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
20.013 |
3.924 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
6.510 |
1.281 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
13.503 |
2.643 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
|
2.643 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
16.146 |
2.643 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
450.10 |
100.82 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
4.99 |
1.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
1.22 |
1.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.14 |
115.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
0.36 |
0.30 |
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
two years |
Yes |
|
12] |
Profitability for last
two 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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10385215 |
19/12/2013 * |
974,000,000.00 |
STATE BANK OF INDIA |
SEEPZ BRANCH, ANDHERI (EAST), MUMBAI - 400096, MAHARASHTRA, INDIA |
B93661247 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Intercorporate deposits |
2.327 |
0.053 |
|
Loans and advances from others |
0.000 |
340.991 |
|
|
|
|
|
Total |
2.327 |
341.044 |
REVIEW OF PERFORMANCE
The company has achieved
turnover of Rs. 1016.125 Millions as against 260.377 Millions in the previous
year and has earned Net Profit after tax of Rs. 13.503 Millions as against the
2.643 Millions in the previous year. Overall performance of the company has
been good and they wish to thank all the stakeholders involved for their
support. The directors are trying to improve the position in terms of turnover
& profit.
FIXED ASSETS:
· Land
Buildings
Factory
building
Plant
and equipment
Factory
equipments
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Computer
equipments
Other
equipments
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 records 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. 61.59 |
|
|
1 |
Rs. 101.09 |
|
Euro |
1 |
Rs. 83.99 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--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.