MIRA
INFORM REPORT
|
Report Date : |
12.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPER SCREWS PRIVATE LIMITED |
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Registered
Office : |
523 Ansal Tower, |
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Country : |
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|
|
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Financials (as on)
: |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
25.05.1993 |
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|
|
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Com. Reg. No.: |
55-053755 |
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Capital
Investment / Paid-up Capital : |
Rs. 87.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PTC053755 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS20472E |
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|
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PAN No.: [Permanent Account No.] |
AAACS4782Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Five vast fastener. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The rating takes into consideration SSPL’s long operating history of
business operation supported by experience of its promoters in the business
of manufacturing fasteners and fair profitability levels of the company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but 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 – 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term fund based limits = BB+ |
|
Rating Explanation |
Inadequate degree of safety and high credit risk |
|
Date |
November, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term non-fund based limits = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
November, 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 DENIED BY
|
Name : |
Ms. Aarti |
|
Designation : |
Export Department |
|
Contact No.: |
91-129-4029822 |
|
Date : |
10.07.2014 |
|
Name : |
Mr. Jain |
|
Designation : |
Export Department |
|
Contact No.: |
91-129-4029822 |
|
Date : |
10.07.2014 |
LOCATIONS
|
Registered Office : |
523 Ansal Tower, 38 Nehru Place, Delhi-110019, Delhi, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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|
Head Office : |
Plot No.30, Sector 24, Faridabad -121005, Haryana, India |
|
Tel. No.: |
91-129-4029811 /12 / 13 /14 |
|
Fax No.: |
91-129-2233810 |
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E-Mail : |
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Manufacturing Plants : |
·
Faridabad ·
Palwal ·
Bawal ·
Manesar |
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DIRECTORS
AS ON : 30.09.2013
|
Name : |
Mr. Abhishek Kapoor |
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Designation : |
Director |
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Address : |
House No.1304, Sector-14, Faridabad-121005, Haryana, India |
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Date of Birth/Age : |
31.08.1979 |
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Date of Appointment : |
01.04.2003 |
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PAN No.: |
AIBK5452H |
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DIN No.: |
00251446 |
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Other Directorship:
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Name : |
Mr. Susham Kumar Kapoor |
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|
Designation : |
Director |
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|
Address : |
House No.1304, Sector-14, Faridabad-121005, Haryana, India |
|||||||||||||||||||||||||||
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Date of Birth/Age : |
02.01.1955 |
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Date of Appointment : |
25.05.1993 |
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PAN No.: |
ABCPK4108N |
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DIN No.: |
00251462 |
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Other Directorship:
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|||||||||||||||||||||||||||
|
Name : |
Ms. Veena Kapoor |
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|
Designation : |
Director |
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|
Address : |
House No.1304, Sector-14, Faridabad-121005, Haryana, India |
|||||||||||||||||||||||||||
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Date of Birth/Age : |
06.11.1957 |
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Date of Appointment : |
25.05.1993 |
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PAN No.: |
AJBPK2581N |
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DIN No.: |
00251469 |
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Other Directorship:
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|
Name : |
Mr. Samrat Kapoor |
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Designation : |
Director |
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|
Address : |
House No.1304, Sector-14, Faridabad-121005, Haryana, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.07.1983 |
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Date of Appointment : |
01.04.2008 |
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PAN No.: |
ALOPK6995P |
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DIN No.: |
02143436 |
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KEY EXECUTIVES
|
Name : |
Ms. Aarti |
|
Designation : |
Export Department |
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|
|
Name : |
Mr. Jain |
|
Designation : |
Export Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON : 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Abhishek Kapoor |
1345200 |
|
Dinesh Kapoor |
20000 |
|
Dorian Punj (NRO) |
32000 |
|
M/s Insultec Internatinal Private Limited, India |
80000 |
|
Mahesh Kumar Kapoor |
4720 |
|
Pooja Kapoor |
92000 |
|
Samrat Kapoor |
1136080 |
|
Samridh Kapoor |
396000 |
|
Susham Kumar Kapoor |
3050000 |
|
M/s Tankaria Exports |
40000 |
|
Veeena Kapoor |
2564000 |
|
|
|
|
Total |
8760000 |
Equity
Share Break up (Percentage of Total Equity)
AS ON : 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
0.91 |
|
Directors or relatives of Directors |
98.64 |
|
Other |
0.45 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Five vast fastener. |
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|
|
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Products : |
· Nuts · Bolts ·
Screws |
GENERAL INFORMATION
|
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No. of Employees : |
Information declined by the management. |
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Bankers : |
·
Citi Bank N. A, Jeevan Bharti Building, 4th
Floor, 124, Connaught Circus Place, New Delhi-110001, India ·
State Bank of India, SIB Branch, 65, Neelam Bata Road,
Faridabad-121001, Haryana, India |
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Facilities : |
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Auditors : |
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|
Name : |
B. B. Mathur and Company Chartered Accountants |
|
Address : |
3/13-B, Asaf Ali Road, New Delhi-110002, Delhi, India |
|
Tel. No.: |
91-11-23284370 |
|
PAN No.: |
AAAFB5685Q |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital : Rs. 130.000
Millions
Issued, Subscribed & Paid-up Capital : Rs. 92.700
Millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs. 10/-each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8760000 |
Equity Shares |
Rs. 10/-each |
Rs. 87.600 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 |
87.600 |
87.600 |
80.000 |
|
(b) Reserves & Surplus |
185.071 |
154.856 |
128.305 |
|
(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) |
272.671 |
242.456 |
208.305 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
222.400 |
160.266 |
121.535 |
|
(b) Deferred tax liabilities
(Net) |
13.594 |
13.297 |
11.071 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.732 |
|
(d) long-term provisions |
3.257 |
2.844 |
0.000 |
|
Total
Non-current Liabilities (3) |
239.251 |
176.407 |
133.338 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
129.934 |
116.679 |
88.678 |
|
(b) Trade payables |
77.123 |
65.852 |
72.108 |
|
(c) Other current liabilities |
54.564 |
49.702 |
59.571 |
|
(d) Short-term provisions |
1.092 |
0.769 |
17.258 |
|
Total
Current Liabilities (4) |
262.713 |
233.002 |
237.615 |
|
|
|
|
|
|
TOTAL |
774.635 |
651.865 |
579.258 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
475.781 |
392.944 |
342.365 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
2.934 |
2.554 |
1.354 |
|
(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 |
0.000 |
2.667 |
10.327 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
478.715 |
398.165 |
354.046 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
99.712 |
79.629 |
64.742 |
|
(c) Trade receivables |
150.223 |
148.072 |
121.960 |
|
(d) Cash and cash equivalents |
17.924 |
1.082 |
2.719 |
|
(e) Short-term loans and
advances |
27.048 |
24.712 |
35.699 |
|
(f) Other current assets |
1.013 |
0.205 |
0.092 |
|
Total
Current Assets |
295.920 |
253.700 |
225.212 |
|
|
|
|
|
|
TOTAL |
774.635 |
651.865 |
579.258 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
|
737.514 |
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
737.514 |
666.676 |
651.655 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
691.806 |
626.002 |
602.960 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
45.708 |
40.674 |
48.695 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
15.639 |
13.397 |
16.734 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
30.069 |
27.277 |
31.961 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.430 |
3.110 |
4.000 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
PAT / Total Income |
(%) |
4.08 |
4.09 |
4.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.92 |
6.26 |
8.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.17 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.29 |
1.14 |
1.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.09 |
0.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
80.000 |
87.600 |
87.600 |
|
Reserves & Surplus |
128.305 |
154.856 |
185.071 |
|
Net
worth |
208.305 |
242.456 |
272.671 |
|
|
|
|
|
|
long-term borrowings |
121.535 |
160.266 |
222.400 |
|
Short term borrowings |
88.678 |
116.679 |
129.934 |
|
Total
borrowings |
210.213 |
276.945 |
352.334 |
|
Debt/Equity
ratio |
1.009 |
1.142 |
1.292 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
651.655 |
666.676 |
737.514 |
|
|
|
2.305 |
10.626 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
651.655 |
666.676 |
737.514 |
|
Profit/(Loss) After Tax |
31.961 |
27.277 |
30.069 |
|
|
4.90% |
4.09% |
4.08% |
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 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if
available |
Yes |
UNSECURED LOAN :
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advances from Directors |
106.459 |
44.994 |
|
|
|
|
|
Total |
106.459 |
44.994 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10434796 |
06/06/2013 |
20,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI
BUILDING, 4TH FLOOR, 124 CONNAUGHT CIRCUS,CONNAUGHT PLACE,
NEW DELHI - 110001 , INDIA |
B78715315 |
|
2 |
10367125 |
06/06/2013 * |
30,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI
BUILDING, 4TH FLOOR, 124 CONNAUGHT CIRCUS,CONNAUGHT PLACE, NEW
DELHI - 110001 , INDIA |
B78714177 |
|
3 |
10046896 |
17/08/2007 * |
90,000,000.00 |
HARYANA STATE
INDUSTRIAL & INFRASTRUCTURE DEVELOPM |
S.C.O.40
41,SECTOR-17A, CHANDIGARH, CHANDIGARH - 160017, INDIA |
A20503132 |
|
4 |
90046317 |
21/06/2014 * |
243,900,000.00 |
STATE BANK OF
INDIA |
SME BRANCH, 65,
NEELAM BATA ROAD, N I T, FARIDABAD, HARYANA - 121001, INDIA |
C08583718 |
* Date of charge
modification
FIXED ASSETS
·
Land
·
Building
·
Electric Installations
·
Furniture and Fixture
·
Office Equipment
·
Plant and Machinery
·
Tools and Dies
·
Vehicle
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 59.88 |
|
UK Pound |
1 |
Rs. 102.59 |
|
Euro |
1 |
Rs. 81.69 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.