MIRA
INFORM REPORT
|
Report Date : |
18.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SAVIOUR CAPS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
M-1, Plot No. 9 and 10, Gurukripa Complex, MP Nagar,
Zone-1, Bhopal - 462011, Madhya Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.05.2005 |
|
|
|
|
Com. Reg. No.: |
10-017613 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.300
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U02423MP2005PTC017613 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLS07371A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS2707C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Hard Empty Gelatin Capsules. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 108000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Reserves of the company appears to be low. However, company has
successfully wiped out its accumulated losses. However, trade relations are reported to be fair. Business is active.
Payment terms 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
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.
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. Kapil Tiwari |
|
Designation : |
Sales and Accounts Assistant Manager |
|
Contact No.: |
91-755-4271798 |
|
Date : |
15.01.2014 |
LOCATIONS
|
Registered / Corporate Office: |
M-1, Plot No-9 and 10, Gurukripa Complex, MP Nagar,
Zone-1, Bhopal – 462011, Madhya Pradesh, India |
|
Tel. No.: |
91-755-4271798/ 2557781 |
|
Fax No.: |
91-755-2557781 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
9000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 55, New Industrial Area, Second Mandeep, District
Raisen, Madhya Pradesh, India |
|
Tel. No.: |
91-7480-408111/ 409111 |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ajay Agrawal |
||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||
|
Address : |
143, Kalpana Nagar, Raisen Road, Bhopal – 462021, Madhya Pradesh,
India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
01.05.1966 |
||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2011 |
||||||||||||||||||||||||
|
DIN No.: |
00213502 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Sangeeta Agrawal |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
143, Kalpana Nagar, Raisen Road, Bhopal – 462021, Madhya Pradesh,
India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
21.06.1971 |
||||||||||||||||||||||||
|
Date of Appointment : |
18.05.2005 |
||||||||||||||||||||||||
|
DIN No.: |
00213470 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Kapil Tiwari |
|
Designation : |
Sales and Accounts Assistant Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Agarwal |
|
900000 |
|
Sangeeta Agarwal |
|
740000 |
|
Saket Rupramka |
|
50000 |
|
Jhanjhari Sons Leasing and Investment Private Limited, India |
|
300000 |
|
R. P. Agrawal |
|
40000 |
|
|
|
|
|
Total |
|
2030000 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
14.78 |
|
Directors
or relatives of directors |
82.76 |
|
Others |
2.46 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Hard Empty Gelatin Capsules. |
|
|
|
|
Terms |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
· Roha Dye Chem Private Limited · Chemi Enterprises · Emerald Marketing · G.K. Enterprises · Gwen Chem · J.P. Industries · Krishgel Enterpises · Narmada Gelatines Limited · Overseas Impex · Pakaj Polymers · Sai Kripa Pharma |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Manufacturer · Dosch Pharma, Mumbai · Anil Enterprises · Caps and Chemicals · Centurion Laboratories · Gautam Pharmachem · Goyal Pharma · Kemi Drugs · Leo Agencies · Mars Remedies Private Limited · Meditex Pharma Private Limited · Merit Organics Limited · Micro Enterprise |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Punjab National Bank New Market, Bhopal
- 462003, Madhya Pradesh, India · Axis Bank Limited Main Branch,
Bhopal, Madhya Pradesh, India · HDFC Bank Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· Indiabulls Housing Finance Limited F-60, Malhotra Building, 2nd Floor, Connaught Place, New Delhi - 110001, Delhi, India |
|
|
|
|
Auditors : |
|
|
Name : |
Naresh Rajani and Company Chartered Accountants |
|
Address : |
MIG 1/5, Amber Complex, Zone-II, M. P. Nagar, Bhopal – 462011, Madhya
Pradesh, India |
|
Tel. No.: |
91-755-2571157 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAVPR8565J |
|
|
|
|
Enterprises over
which Key Managerial Personnel are able to exercise significant influence : |
· Netcom Connect (Bhopal) Private Limited [U64203MP1999PTC013680] · Hi-Tech Engineers |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,030,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.300
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 |
20.300 |
17.300 |
15.000 |
|
(b) Reserves & Surplus |
4.130 |
(0.200) |
(3.173) |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
2.700 |
5.700 |
8.000 |
|
Total
Shareholders’ Funds (1) + (2) |
27.130 |
22.800 |
19.827 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
31.303 |
35.511 |
31.990 |
|
(b) Deferred tax liabilities (Net) |
7.588 |
6.776 |
5.707 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
38.891 |
42.287 |
37.697 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
26.215 |
23.187 |
23.300 |
|
(b)
Trade payables |
11.298 |
6.325 |
6.641 |
|
(c)
Other current liabilities |
13.757 |
18.701 |
11.474 |
|
(d) Short-term
provisions |
0.960 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
52.230 |
48.213 |
41.415 |
|
|
|
|
|
|
TOTAL |
118.251 |
113.300 |
98.939 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
74.488 |
79.061 |
68.831 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
2.297 |
2.001 |
1.546 |
|
(e) Other
Non-current assets |
2.327 |
2.909 |
3.491 |
|
Total Non-Current
Assets |
79.112 |
83.971 |
73.868 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
14.838 |
9.616 |
7.277 |
|
(c)
Trade receivables |
13.073 |
10.979 |
10.666 |
|
(d) Cash
and cash equivalents |
0.177 |
0.101 |
0.108 |
|
(e)
Short-term loans and advances |
9.587 |
8.149 |
6.824 |
|
(f)
Other current assets |
1.464 |
0.484 |
0.196 |
|
Total
Current Assets |
39.139 |
29.329 |
25.071 |
|
|
|
|
|
|
TOTAL |
118.251 |
113.300 |
98.939 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
71.120 |
|
|
|
Other Income |
|
|
3.022 |
|
|
|
TOTAL |
126.582 |
109.068 |
74.142 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
121.439 |
105.027 |
72.564 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
5.143 |
4.041 |
1.578 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.813 |
1.068 |
1.182 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4.330 |
2.973 |
0.396 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.13 |
1.72 |
0.26 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total
Income |
(%) |
3.42
|
2.73 |
0.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
2.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.35
|
3.57 |
1.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.18 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.12
|
2.57 |
2.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.75
|
0.61 |
0.61 |
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 |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10438994 |
19/06/2013 |
3,503,539.00 |
INDIABULLS
HOUSING FINANCE LIMITED |
F-60, MALHOTRA
BUILDING, 2ND FLOOR CONNAUGHT PLACE, NEW DELHI - 110001, INDIA |
B80447071 |
|
2 |
10340700 |
15/02/2012 |
8,485,000.00 |
PUNJAB NATIONAL
BANK |
NEW MARKET,
BHOPAL - 462001, MADHYA PRADESH, INDIA |
B34373837 |
|
3 |
10188585 |
13/10/2009 |
3,800,000.00 |
PANJAB NATIONAL
BANK |
NEW MARKET,
BHOPAL - 462001, MADHYA PRADESH, INDIA |
A74403957 |
|
4 |
10188612 |
13/10/2009 |
15,000,000.00 |
PUNJAB NATIONAL
BANK |
NEW MARKET,
BHOPAL - 462001, MADHYA PRADESH, INDIA |
A74406794 |
|
5 |
10031398 |
21/10/2008 * |
9,114,000.00 |
PUNJAB NATIONAL
BANK |
NEW MARKET,
BHOPAL - 462001, MADHYA PRADESH, INDIA |
A50494251 |
|
6 |
80056609 |
17/12/2013 * |
30,000,000.00 |
PUNJAB NATIONAL
BANK |
NEW MARKET,
BHOPAL - 462001, MADHYA PRADESH, INDIA |
B93867315 |
|
7 |
80056608 |
01/12/2005 |
40,000,000.00 |
PUNJAB NATIONAL
BANK |
NEW MARKET,
BHOPAL - 462001, MADHYA PRADESH, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loan from others |
9.620 |
3.915 |
|
SHORT TERM BORROWINGS |
|
|
|
Loan from others |
2.004 |
3.080 |
|
|
|
|
|
Total |
11.624 |
6.995 |
COMPANY OVERVIEW
Company is situated at Bhopal and engaged in manufacturing of Hard
Gelatin Capsule Shells in different sizes and was incorporated as a private
limited company on 18.05.2005.
FIXED ASSETS:
· Plant and Machinery
· Factory Building
· Computer
· Vehicles
· Furniture and Fixture
· Land and Site Development
· Office Equipment
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. 61.35 |
|
|
1 |
Rs. 100.21 |
|
Euro |
1 |
Rs. 83.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.