MIRA
INFORM REPORT
|
Report Date : |
28.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SENAPATHY WHITELEY PRIVATE LIMITED (w.e.f. 14.05.1993) |
|
|
|
|
Formerly Known
As : |
SENAPATHY WHITELEY LIMITED (w.e.f. 18.07.1975) SENAPATHY WHITELEY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
“Casafina” No.5,
Primrose Road, Off M.G. Road, Bangalore – 560 025, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
29.08.1960 |
|
|
|
|
Com. Reg. No.: |
08-001395 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8.400
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29308KA1960PTC001395 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of electrical insulation materials. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
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 501000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having a satisfactory track record. There appears dip
in profitability of the company during the financial year 2013. However, general financial
position of the company seems to be sound and healthy. 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 condition. |
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 DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 DECLINED BY
|
Name : |
Ms. Staley |
|
Designation : |
Office Executive |
|
Contact No.: |
91-80-25593145 |
|
Date : |
27.01.2014 |
LOCATIONS
|
Registered Office : |
“Casafina” No.5,
Primrose Road, Off M.G. Road, Bangalore – 560 025, Karnataka, India |
|
Tel. No.: |
91-80-25593145/ 3291/ 3307 |
|
Fax No.: |
91-80-25593392/ 25597778 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
A-552, Mahape TTC Industrial Area, MIDC, Mahape, Navi Mumbai – 400
710, Maharashtra, India |
|
|
|
|
Factory : |
Located at: ·
Achalu Village, Ramanagaram |
DIRECTORS
AS ON 18.09.2013
|
Name : |
Mr. Lakshmanan Arcot Senapathy |
|
Designation : |
Whole-Time Director |
|
Address : |
Sharanam, 1/C, Cunningham Road, Bangalore – 560 052, Karnataka, India |
|
Date of Birth/Age : |
12.06.1931 |
|
Qualification : |
B.E. Elec., U.K. |
|
Date of Appointment : |
06.05.2011 |
|
DIN No.: |
00037374 |
|
|
|
|
Name : |
Mr. Sharan Lakshmanan |
|
Designation : |
Managing Director |
|
Address : |
Sharanam, 1/C, Cunningham Road, Bangalore – 560 052, Karnataka, India |
|
Date of Birth/Age : |
29.06.1973 |
|
Qualification : |
B. Sc., Accounting and Finance, LSE, U.K. |
|
Date of Appointment : |
28.09.1989 |
|
DIN No.: |
00213851 |
|
|
|
|
Name : |
Mr. Murali Ananthasivan |
|
Designation : |
Director |
|
Address : |
77 and 78, 6th Cross, Bhaveneswari Nagar, Kempapura,
Hebbal, Bangalore – 571 511, Karnataka, India |
|
Date of Birth/Age : |
20.06.1959 |
|
Date of Appointment : |
19.06.2009 |
|
DIN No.: |
00009311 |
|
|
|
|
Name : |
Mr. Attupakkam Shivaprakash Jayakumar |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
No.10, SWP Limited, Achalu Village, Ramanagaram, Bangalore – 571 511,
Karnataka, India |
|
Date of Birth/Age : |
09.07.1946 |
|
Date of Appointment : |
11.03.2008 |
|
DIN No.: |
02153160 |
KEY EXECUTIVES
|
Name : |
Ms. Staley |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
holding |
|
Estate of Mr. V.S. Dhanasekar |
7488 |
8.92 |
|
R. Chitralekha |
4803 |
5.72 |
|
V.D. Grihalakshmi |
1091 |
1.30 |
|
D. Sivagamasundari |
1453 |
1.73 |
|
S.S. Lakshmanan |
15166 |
18.05 |
|
Nandita Lakshmanan |
1867 |
2.22 |
|
A.S. Lakshmanan |
5087 |
6.05 |
|
Saraswathi Lakshmanan |
1748 |
2.08 |
|
Kamala Satchidanantham |
4088 |
4.87 |
|
Indra Prem Menon |
3570 |
4.25 |
|
Anita Shanmugham |
2870 |
3.42 |
|
Aryaman Lakshmanan |
12617 |
15.02 |
|
A.K. Santosh |
2800 |
3.33 |
|
Priya Keshava Rao |
2800 |
3.33 |
|
Kaya Jagannath |
504 |
0.60 |
|
Sunitha Jagannath |
252 |
0.30 |
|
R. Omprakash |
1417 |
1.69 |
|
R. Mahalakshmi |
1417 |
1.69 |
|
S.A. Developers, India |
2 |
0.00 |
|
A.G. Senapathy and Company, India |
1810 |
2.15 |
|
A.S. Lakshmanan (HUF) |
400 |
0.48 |
|
Golden Kitchen Private Limited, India |
5600 |
6.67 |
|
Se-Ka-Ra Organics Private Limited, India |
3284 |
3.91 |
|
Khedda Insulation Systems Private Limited, India |
1866 |
2.22 |
|
Total
|
84000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of electrical insulation materials. |
|
|
|
|
Products : |
·
Pressboards ·
Press Paper ·
Base and Impregnated Filter Media |
PRODUCTION STATUS [AS ON 31.03.2013]
|
Particulars |
Actual
Production (Tonnes)
|
|
Insulation Press Boards |
2058 |
|
Multiply Press Paper |
623 |
|
Filter Paper, Gasket and Jointing Paper |
1607 |
GENERAL INFORMATION
|
Customers : |
·
BHEL ·
Bosch ·
Kirloskar ·
Crompton Greaves ·
Prolec ·
Siemens ·
Areva ·
Emirates Transformers ·
Inductotherm Group ·
ABB ·
Indo Tech Transformers ·
Marson |
||||||||||||||||||||||||
|
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|
||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the Management. |
||||||||||||||||||||||||
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||||||||||||||||||||||||
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Bankers : |
The Karnataka Bank
Limited, Kasturba Road Branch, Kasturba Road, Bangalore – 560 001, Karnataka,
India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
GRSRA and Company Chartered Accountants |
|
Address : |
#178, 1st Floor, 5th Main, 4th Cross,
J.P. Nagar, 3rd Phase, Bangalore – 560 078, Karnataka, India |
|
Tel. No.: |
91-80-41208973 |
|
E-Mail : |
|
|
PAN No.: |
AAIFG5126D |
|
|
|
|
Company having significant influence/ Group Companies : |
·
Senapathy Symons Insulations Private Limited ·
Khedda Insulation Systems Private Limited ·
Se-Ka-Ra Organics Private Limited |
CAPITAL STRUCTURE
AS ON 18.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
84000 |
Equity Shares |
Rs.10/- each
|
Rs.8.400 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 |
8.400 |
8.400 |
8.400 |
|
(b) Reserves & Surplus |
116.938 |
111.208 |
97.347 |
|
(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) |
125.338 |
119.608 |
105.747 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
32.193 |
26.087 |
89.131 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
48.577 |
45.873 |
42.964 |
|
Total Non-current
Liabilities (3) |
80.770 |
71.960 |
132.095 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
111.051 |
69.288 |
0.000 |
|
(b)
Trade payables |
51.471 |
54.894 |
70.429 |
|
(c)
Other current liabilities |
55.021 |
48.810 |
39.624 |
|
(d) Short-term
provisions |
26.691 |
21.118 |
46.412 |
|
Total Current
Liabilities (4) |
244.234 |
194.110 |
156.465 |
|
|
|
|
|
|
TOTAL |
450.342 |
385.678 |
394.307 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
78.048 |
64.750 |
70.328 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
8.504 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
16.626 |
10.643 |
4.816 |
|
(c) Deferred tax assets (net) |
5.799 |
5.131 |
3.602 |
|
(d) Long-term Loan and Advances |
10.230 |
9.982 |
6.495 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
110.703 |
99.010 |
85.241 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
78.577 |
77.520 |
53.816 |
|
(c)
Trade receivables |
184.024 |
135.124 |
168.087 |
|
(d) Cash
and cash equivalents |
41.629 |
39.190 |
33.668 |
|
(e)
Short-term loans and advances |
35.409 |
34.834 |
53.495 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
339.639 |
286.668 |
309.066 |
|
|
|
|
|
|
TOTAL |
450.342 |
385.678 |
394.307 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
530.400 |
535.200 |
586.800 |
|
|
|
Other Income |
NA |
NA |
6.966 |
|
|
|
TOTAL |
NA |
NA |
593.766 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
NA |
555.209 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
555.209 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
10.427 |
25.829 |
38.557 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.232 |
10.504 |
15.166 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
7.195 |
15.325 |
23.391 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
4.478 |
16.117 |
3.695 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend at 15% |
1.260 |
1.260 |
1.260 |
|
|
|
Tax on Dividend @ 16.2225% |
0.204 |
0.204 |
0.209 |
|
|
|
Transfer to General Reserve |
7.500 |
25.500 |
9.500 |
|
|
BALANCE CARRIED
TO THE B/S |
2.709 |
4.478 |
16.117 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
20.351 |
10.771 |
NA |
|
|
TOTAL EARNINGS |
20.351 |
10.771 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
191.694 |
229.306 |
NA |
|
|
TOTAL IMPORTS |
191.694 |
229.306 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
85.65 |
182.44 |
278.46 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA |
3.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.97
|
4.83 |
6.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.44
|
7.15 |
9.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.22 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.14
|
0.80 |
0.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39
|
1.48 |
1.98 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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 |
Yes |
|
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 |
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 |
10373324 |
07/08/2012 |
3,490,000.00 |
|
KASTURBA ROAD
BRANCH, KASTURBA ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
B56711237 |
|
2 |
10215343 |
05/03/2010 |
20,000,000.00 |
THE KARNATAKA
BANK LIMITED |
KASTURBA ROAD BRANCH,
KASTURBA ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
A83213249 |
|
3 |
10138487 |
11/12/2008 |
7,500,000.00 |
THE KARNATAKA
BANK LIMITED |
KASTURBA ROAD
BRANCH, KASTURBA ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
A54826136 |
|
4 |
80020415 |
07/11/2012 * |
283,500,000.00 |
THE KARNATAKA
BANK LIMITED |
KASTURBA ROAD
BRANCH, KASTURBA ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
B63274641 |
|
5 |
80055427 |
21/12/1981 |
4,500,000.00 |
KSIIDC LIMITED |
CUNNIGHAM ROAD, BANGALORE,
KARNATAKA - 560052, INDIA |
- |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Deposits from
shareholders |
9.285 |
9.285 |
|
Total |
9.285 |
9.285 |
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Machinery
(Including Computers)
·
Furniture and Fixtures
·
Vehicles
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.62.71 |
|
|
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.85.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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.