1. Summary Information
|
Country |
India |
||
|
Company Name |
KAICO DEER ABRASIVE PRIVATE LIMITED |
Principal Name 1 |
Mr. In Joo Yoon |
|
Status |
Moderate |
Principal Name 2 |
Mr. Cho Keun Sang |
|
Registration # |
05-035908 |
||
|
Street Address |
Plot No. 479, Phase-I, Industrial Estate Barhi – 131001, Haryana |
||
|
Established Date |
07.11.2005 |
SIC Code |
-- |
|
Telephone# |
91-130-4090101 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-130-2474773 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Abrasive Material |
|
|
# of employees |
Not Divulged |
Product Name 2 |
-- |
|
Paid up capital |
Rs.27,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies Corporate-99% and Director or relatives of Directors-1% |
Banking |
-- |
|
Public Limited Corp. |
No |
Business Period |
9 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
-- |
Deerfos
Company Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
148,754,000 |
Current Liabilities |
332,320,000 |
|
Inventories |
162,650,000 |
Long-term Liabilities |
65,212,000 |
|
Fixed Assets |
107,485,000 |
Other Liabilities |
6,687,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
404,219,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
(12,330,000) |
|
|
|
Net Worth |
14,670,000 |
|
Total Assets |
418.,889,000 |
Total Liab. & Equity |
418,889,000 |
|
Total Assets (Previous Year) |
352,487,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
551,882,000 |
Net Profit |
(11,045,000) |
|
Sales(Previous yr) |
429,113,000 |
Net Profit(Prev.yr) |
7,467,000 |
MIRA INFORM REPORT
|
Report Date : |
30.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
KAICO DEER ABRASIVE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No .479, Phase-I, Industrial Estate, Barhi-131001, Haryana |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
07.11.2005 |
|
|
|
|
Com. Reg. No.: |
05-035908 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.27.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21096HR2005PTC035908 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKK02691D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK6852B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Coated Abrasive
Products |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 59000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There incurred accumulated loss recorded by the company during 2013. 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 dealing with some cautions. |
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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years, according
to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of high
value spenders under the scanner of the income tax department. The income tax
department has information that they have made cash deposits announcing to Rs 1
mn or more in their savings bank accounts in the current financial year. It
plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments
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
Management is Non Cooperative, Tel No.
91-130-4090110
LOCATIONS
|
Registered Office : |
Plot No .479, Phase-I, Industrial Estate, Barhi – 131001, Haryana,
India |
|
Tel. No.: |
91-130-4090101 |
|
Fax No.: |
91-130-2474773 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Partners : |
|
|
|
|
|
Branches / Office: |
Located At :-
|
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. In Joo Yoon |
|
Designation : |
Managing Director |
|
Address : |
Apartment No 104, PERAL Court-III, Essal Towars, Gurgoan – 122002,
Haryana, India |
|
Date of Birth/Age : |
06.05.1970 |
|
Qualification : |
Graduate in Industry statistics. |
|
Experience : |
15 Years |
|
Date of Appointment : |
07.11.2005 |
|
DIN No.: |
00613742 |
|
|
|
|
Name : |
Mr. Cho Keun Sang |
|
Designation : |
Director |
|
Address : |
Apartment No.902,Perl, J-2 Block, Essel Towers, Mg Road, Gurgaon –
122001, Haryana |
|
Date of Birth/Age : |
04.01.1982 |
|
Experience : |
4 Years |
|
Date of Appointment : |
08.03.2013 |
|
DIN No.: |
06531038 |
|
|
|
|
Name : |
Mr. Ho Cheol Yoon |
|
Designation : |
Managing Director |
|
Address : |
290 Gajwa, 4 Dong Seo-Ku, Incheon – 404816, Korea |
|
Date of Birth/Age : |
02.07.1954 |
|
Experience : |
04 Years |
|
Date of Appointment : |
07.11.2005 |
|
DIN No.: |
00614351 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Yoon Cheol Ho |
|
27000 |
|
Deerfos Company Limited, India |
|
2673000 |
|
|
|
|
|
Total |
|
2700000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies Corporate |
99.00 |
|
Directors Or Relatives Of Directors |
1.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Coated Abrasive
Products |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
D.D.Gupta and associate Chartered Accountant |
|
Address : |
203, E-49, 2nd Floor, Jawahar Park, Laxmi Nagar, New Delhi
– 10092, Delhi, India |
|
Tel. No.: |
91-11-22469054 |
|
Mobile No.: |
91-9811127590 / 9310498643 |
|
E-Mail : |
|
|
PAN No: |
ACFD0112G |
|
|
|
|
Holding Company : |
Deerfos Company Limited |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27,500,00 |
Equity Shares |
Rs.10/- each |
Rs.27.500 Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27,000,00 |
Equity Shares |
Rs.10/- each |
Rs.27.000
Millions |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND
LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
27.000 |
27.000 |
27.000 |
|
(b) Reserves & Surplus |
(12.330) |
(2.188) |
(9.655) |
|
(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) |
14.670 |
24.812 |
17.345 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
2.454 |
0.858 |
0.409 |
|
(b) Deferred tax liabilities (Net) |
4.440 |
5.342 |
3.571 |
|
(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) |
6.894 |
6.200 |
3.980 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
62.758 |
105.751 |
35.808 |
|
(b) Trade payables |
328.836 |
209.612 |
151.413 |
|
(c) Other current liabilities |
3.484 |
2.593 |
2.114 |
|
(d) Short-term provisions |
2.247 |
3.519 |
2.170 |
|
Total Current
Liabilities (4) |
397.325 |
321.475 |
191.505 |
|
|
|
|
|
|
TOTAL |
418.889 |
352.487 |
212.830 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
107.485 |
89.040 |
89.206 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
3.720 |
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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
107.485 |
92.760 |
89.206 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
162.650 |
98.138 |
35.643 |
|
(c) Trade receivables |
110.538 |
70.547 |
57.145 |
|
(d) Cash and cash equivalents |
9.851 |
69.174 |
16.610 |
|
(e) Short-term loans and advances |
28.365 |
21.868 |
14.226 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current
Assets |
311.404 |
259.727 |
123.624 |
|
|
|
|
|
|
TOTAL |
418.889 |
352.487 |
212.830 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
548.609 |
|
|
|
|
|
Other Income |
3.273 |
|
|
|
|
|
TOTAL |
551.882 |
429.113 |
325.723 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
562.927 |
417.275 |
316.307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT /
(LOSS) BEFORE TAX |
(11.045) |
11.838 |
9.416 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
4.371 |
(2.572) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(11.045) |
7.467 |
11.988 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B Value of Export Earnings |
NA |
17.219 |
NA |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(4.09) |
2.77 |
4.44 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(2.00) |
1.74 |
3.68 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(2.01) |
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.64) |
3.39 |
4.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Net worth) |
|
(0.75) |
0.48 |
0.543 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Net worth) |
|
4.45 |
4.30 |
2.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.78 |
0.81 |
0.65 |
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 |
27.000 |
27.000 |
27.000 |
|
Reserves & Surplus |
(9.655) |
(2.188) |
(12.330) |
|
Net worth |
17.345 |
24.812 |
14.670 |
|
|
|
|
|
|
long-term borrowings |
0.409 |
0.858 |
2.454 |
|
Short term borrowings |
35.808 |
105.751 |
62.758 |
|
Total borrowings |
36.217 |
106.609 |
65.212 |
|
Debt/Equity ratio |
2.088 |
4.297 |
4.445 |
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 |
325.723 |
429.113 |
551.882 |
|
|
|
31.742 |
28.610 |
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 |
325.723 |
429.113 |
551.882 |
|
Profit |
11.988 |
7.467 |
(11.045) |
|
|
3.68% |
1.74% |
-2.00% |
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long term
borrowing |
|
|
|
Loans from directors |
0.409 |
0.409 |
|
|
|
|
|
Short term
borrowing |
|
|
|
KOB-TCBC Loan (Loan against guarantee duly executed by the Deerfos Company Limited) |
0.000 |
57.021 |
|
Loan from Shinhan bank (Loan against guarantee duly executed by the Deerfos Company Limited
and Ho Cheol Yoon) |
0.000 |
48.730 |
|
|
|
|
|
Total |
0.409 |
106.160 |
OPERATIONS:-
The company was incorporated on 07.11.2005 and
the business of the company is commenced on 27.04.2006. The company is
incorporated for carrying the business of trading and manufacturing of abrasive
material used as industrial product in production of other units and automobile
industry.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10379001 |
04/10/2012 * |
85,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
B59159061 |
FIXED ASSETS
- Land
- Building
- Plant And
Machinery
- Electric
Installation
- Office
Equipment
- 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 judgment 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 exist 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.60.53 |
|
|
1 |
Rs.101.77 |
|
Euro |
1 |
Rs.83.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RGN |
|
|
|
|
Report Prepared
by : |
VNK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.