1. Summary Information
|
|
|
Country |
|
|
Company Name |
Shree Mahakali Enterprises Private Limited |
Principal Name 1 |
Mr. Ratesh Sharma |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Priyanka Sharma |
|
|
|
Registration # |
16-037748 |
|
Street Address |
House No.462B/6, Hukum Singh Road, Amritsar – 143001,
Punjab, India |
||
|
Established Date |
19.07.2013 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Trader |
|
Fax # |
Not Available |
Business Style 2 |
|
|
Homepage |
-- |
Product Name 1 |
Kitchenware |
|
# of employees |
30
(Approximately) |
Product Name 2 |
Home appliances |
|
Paid up Capital |
Rs.100,000 /- |
Product Name 3 |
- |
|
Shareholders |
--- |
Banking |
Dena Bank |
|
Public Limited Corp. |
No |
Business Period |
1 Year |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2014 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
55,593,000 |
Current Liabilities |
58,840,000 |
|
Inventories |
51,490,000 |
Long-term Liabilities |
45,711,000 |
|
Fixed Assets |
752,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
45,711,000 |
|
Invest& other Assets |
6,011,000 |
Retained Earnings |
9,195,000 |
|
|
|
Net Worth |
9,295,000 |
|
Total Assets |
113,846,000 |
Total Liab. & Equity |
113,846,000 |
|
Total Assets (Previous Year) |
57,980,000 |
|
|
|
P/L Statement as of |
31.03.2014 |
(Unit: Indian Rs.) |
P/L Statement as of |
|
Total Revenue |
215,108,000 |
Net Profit |
3,195,000 |
|
Total Revenue (Previous yr) |
221,137,000 |
Net Profit(Prev.yr) |
5,416,000 |
MIRA
INFORM REPORT
|
Report Date : |
11.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHREE MAHAKALI ENTERPRISES PRIVATE LIMITED (w.e.f. 23.01.2014) |
|
|
|
|
Formerly Known
As : |
MAHAKALI ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
House No.462B/6, Hukum Singh Road, Amritsar – 143001, Punjab |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.07.2013 |
|
|
|
|
Com. Reg. No.: |
16-037748 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52399PB2013PTC037748 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AMRM13728B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICM7118E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of kitchenware and home appliances. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 38000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
NEWS
The economy grew 4.7 %in 2013/14, marking a second
straight year of sub-5 % growth – the worst slowdown in more than a quarter of
a century. The data was below an official estimate of 4.9 % annual growth and
compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca
for nearly $ 118 billion after the latter refused an offer of 55 pounds a
share.
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. Amit Mehta |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-8288093172 |
|
Date : |
08.07.2014 |
LOCATIONS
|
Registered Office : |
House No.462B/6, Hukum Singh Road, Amritsar – 143001,
Punjab, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8288093172 (Mr. Amit Mehta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
White Towers, 379, M M Malviya Road, Amritsar – 143001, Punjab, India |
|
Tel. No.: |
91-183-2400024 |
|
|
|
|
Warehouse : |
Opposite Fortis Hospital, Amritsar, Punjab, India |
DIRECTORS
|
Name : |
Mr. Ratesh Sharma |
|
Designation : |
Director |
|
|
|
|
Name : |
Mrs. Priyanka Sharma |
|
Designation : |
Director |
|
|
|
|
Name : |
Mrs. Kanchan Sharma |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Amit Mehta |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Not Available
BUSINESS DETAILS
|
Line of Business : |
Trader of kitchenware and home appliances. |
|
|
|
|
Agencies Held : |
Samsung |
GENERAL INFORMATION
|
Suppliers : |
Samsung |
|
|
|
|
Customers : |
·
Arora Electronics ·
RK Enterprises |
|
|
|
|
No. of Employees : |
30 (Approximately) |
|
|
|
|
Bankers : |
Dena Bank, Madan Mohan Malviya Road, Civil Lines, Amritsar - 143001,
Punjab, India |
|
|
|
|
Facilities : |
Cash Credit = Rs. 29.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nimish Nagpal and Company Chartered Accountants |
|
Tel. No.: |
91-9876115005 |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital : Rs.0.100
Million
Issued, Subscribed & Paid-up Capital : Rs.0.100 Million
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Share Capital |
|
0.100 |
34.531 |
|
2] Share Application Money |
|
0.000 |
0.000 |
|
3] Reserves & Surplus |
|
9.195 |
0.000 |
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
NETWORTH |
|
9.295 |
34.531 |
|
|
|
|
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
|
0.000 |
12.420 |
|
2] Unsecured Loans |
|
45.711 |
0.777 |
|
TOTAL
BORROWING |
|
45.711 |
13.197 |
|
|
|
|
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
|
55.006 |
47.728 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.752 |
6.094 |
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
INVESTMENT |
|
6.011 |
3.155 |
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
|
51.490 |
18.456 |
|
Sundry Debtors |
|
51.899 |
28.057 |
|
Cash & Bank Balances |
|
1.951 |
0.357 |
|
Other Current Assets |
|
1.741 |
1.861 |
|
Loans & Advances and Deposits |
|
0.002 |
0.000 |
|
Total
Current Assets |
|
107.083 |
48.731 |
|
|
|
|
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
Sundry Creditors |
|
27.314 |
8.921 |
|
Other Current Liabilities |
|
31.526 |
1.331 |
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
58.840 |
10.252 |
|
|
|
|
|
|
Net
Current Assets |
|
48.243 |
38.479 |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
|
55.006 |
47.728 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
|
215.108 |
221.137 |
|
|
Other Income |
|
22.750 |
16.640 |
|
|
TOTAL
(A) |
|
237.858 |
237.777 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Advertisement Expenses |
|
0.021 |
0.002 |
|
|
Purchase |
|
199.848 |
210.515 |
|
|
AMC |
|
0.000 |
0.030 |
|
|
Audit Fees |
|
0.000 |
0.022 |
|
|
Bad Debts w/off |
|
0.000 |
0.692 |
|
|
Bonus |
|
1.867 |
0.186 |
|
|
Bank Charged |
|
0.252 |
0.105 |
|
|
Bank Interest |
|
0.828 |
0.679 |
|
|
Brokerage Commission |
|
0.000 |
0.350 |
|
|
Cartage A/c |
|
1.618 |
1.065 |
|
|
Car Expenses |
|
0.009 |
0.017 |
|
|
Car Insurance |
|
0.000 |
0.045 |
|
|
Car Interest |
|
0.000 |
0.246 |
|
|
Car Repair |
|
0.000 |
0.037 |
|
|
Commission Expenses |
|
0.015 |
0.013 |
|
|
Salary Paid to Directors |
|
0.000 |
0.480 |
|
|
Computer Expenses |
|
0.007 |
0.021 |
|
|
Dealer Meeting Expenses |
|
0.236 |
0.000 |
|
|
Director Salary |
|
3.450 |
0.000 |
|
|
Diwali Expenses |
|
0.078 |
0.275 |
|
|
Donation |
|
0.016 |
0.000 |
|
|
Exhibition |
|
0.000 |
0.005 |
|
|
Electricity Expenses |
|
0.083 |
0.034 |
|
|
Generator Expenses |
|
0.006 |
0.000 |
|
|
Gift Items |
|
5.859 |
1.528 |
|
|
incentive |
|
0.025 |
0.153 |
|
|
Insurance |
|
0.044 |
0.103 |
|
|
Interest Paid to
Directors/Partners |
|
3.730 |
3.841 |
|
|
Legal Exp. |
|
0.029 |
0.037 |
|
|
Labour Expenses |
|
0.000 |
0.046 |
|
|
Misc. Expenses |
|
0.091 |
0.081 |
|
|
Office Rent |
|
0.030 |
0.000 |
|
|
Petrol Diesel |
|
0.130 |
0.388 |
|
|
Professional |
|
0.034 |
0.000 |
|
|
Rebate and Discount |
|
14.142 |
6.036 |
|
|
Repair and Maintenance |
|
0.093 |
0.067 |
|
|
Salary |
|
0.953 |
3.038 |
|
|
Sale Promotion Exp. |
|
0.152 |
0.000 |
|
|
Security Exp. |
|
0.189 |
0.085 |
|
|
Software Exp. |
|
0.031 |
0.006 |
|
|
Staff Insurance |
|
0.000 |
0.009 |
|
|
Staff Walfare |
|
0.116 |
0.121 |
|
|
Stationery and Printing Exp. |
|
0.045 |
0.047 |
|
|
Telephone Expenses |
|
0.070 |
0.137 |
|
|
Tour and Travelling |
|
0.369 |
0.000 |
|
|
Travelling |
|
0.005 |
0.192 |
|
|
White Washing Exp. |
|
0.072 |
0.087 |
|
|
Office Rent |
|
0.000 |
0.180 |
|
|
Provision for Tax |
|
0.000 |
0.221 |
|
|
Godown Rent |
|
0.120 |
0.180 |
|
|
TOTAL
(B) |
|
234.663 |
231.402 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
3.195 |
6.375 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
0.000 |
0.959 |
|
|
|
|
|
|
|
|
NET
PROFIT |
|
3.195 |
5.416 |
Expected Sales (2014-2015) : Rs. 600.000 Millions
The above information has been parted by Mr. Amit Mehta.
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2014 |
31.03.2013 |
|
PAT / Total Income |
(%) |
|
1.48 |
2.45 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
1.34 |
2.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.01 |
1.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.34 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
4.92 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.82 |
4.75 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2013 |
31.03.2014 |
|
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
|
34.531 |
0.100 |
|
Reserves & Surplus |
|
0.000 |
9.195 |
|
Net
worth |
|
34.531 |
9.295 |
|
|
|
|
|
|
Secured Loans |
|
12.420 |
0.000 |
|
Unsecured Loans |
|
0.777 |
45.711 |
|
Total
borrowings |
|
13.197 |
45.711 |
|
Debt/Equity
ratio |
|
0.382 |
4.918 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
|
221.137 |
215.108 |
|
|
|
|
(2.726) |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2013 |
31.03.2014 |
|
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
|
221.137 |
215.108 |
|
Net
Profit |
|
5.416 |
3.195 |
|
|
|
2.45% |
1.49% |
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 |
No |
|
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 |
No |
|
17] |
Major
suppliers |
Yes |
|
18] |
Major
customers |
Yes |
|
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 |
No |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
No |
|
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 |
10452746 |
04/09/2013 |
9,500,000.00 |
DENA BANK |
MADAN MOHAN
MALVIYA ROAD, CIVIL LINES, AMRITSAR, PUNJAB - 143001, INDIA |
B86534815 |
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.59.73 |
|
|
1 |
Rs.102.36 |
|
Euro |
1 |
Rs.81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.