MIRA
INFORM REPORT
|
Report Date : |
15.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SRI SELVAKUMAR MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5/1D, Vadugapalayam Pollachi Road, Palladam, Coimbatore – 638664,
Tamilnadu |
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|
Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
27.04.2004 |
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|
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Com. Reg. No.: |
18-011124 |
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|
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Capital Investment
/ Paid-up Capital : |
Rs.47.152 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111TZ2004PTC011124 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CMBS06505C/ CMBS08090F |
|
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PAN No.: [Permanent Account No.] |
AAICS2314J |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Supplier of Dyed Fabrics, Grey Fabrics and
Cotton Fabrics. |
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|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 615000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was set up as a partnership concern in 1982, and later it was
reconstituted as a private limited company in 2004. It is an established company having moderate track record. The company possesses a moderate financial profile marked by marginal
gearing and a moderate net worth along with a low profit margin reported in
the books. The ratings also take into consideration the small scale of
operations along with large working capital requirements during 2013. However, trade relations seems to be fair. Business is active. Payment
terms are reported as slow but correct. In view of experienced promoters, the subject 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 – 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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays
hotspots for Indians. The total figure is expected to increase to 1.93 million
by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “BB-” |
|
Rating Explanation |
Moderate risk of default regarding timely servicing of payments. |
|
Date |
23.01.2013 |
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 PARTED BY
|
Name : |
Mr. Kumareshan Ganeshwari |
|
Designation : |
Director |
|
Contact No.: |
91-9843053193 |
|
Date : |
14.05.2014 |
LOCATIONS
|
Registered Office/ Factory : |
5/1D, Vadugapalayam Pollachi Road, Palladam, Coimbatore – 638664,
Tamilnadu, India |
|
Tel. No.: |
91-4255-252581/ 253193 |
|
Mobile No.: |
91-9843053193 (Mr. Kumareshan Ganeshwari) |
|
Fax No.: |
91-4255-251826 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Kandasamy Kumaresn |
|
Designation : |
Director |
|
Address : |
306, Pollachi Road, W. No. 11, Palladam, Palladam (3 Grade),
Coimbatore – 641664, Tamilnadu, India |
|
Date of Birth/Age : |
15.04.1958 |
|
Date of Appointment : |
27.04.2004 |
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DIN No.: |
02618570 |
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|
|
|
Name : |
Mr. Kumareshan Ganeshwari |
|
Designation : |
Director |
|
Address : |
Door No. 5/1D, Pollachi Salai, Palladam Taluk, Coimbatore – 641664,
Tamilnadu, India |
|
Date of Birth/Age : |
12.08.1961 |
|
Date of Appointment : |
27.04.2004 |
|
DIN No.: |
02871206 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Kandasamy Kumaresn |
445520 |
94.49 |
|
Kumareshan Ganeshwari |
26000 |
5.51 |
|
Total |
471520 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplier of Dyed Fabrics, Grey Fabrics and
Cotton Fabrics. |
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Exports : |
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|
Products : |
Finished Goods |
|
Countries : |
· Italy Spain Belgium |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
2000 (Approximately) |
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Bankers : |
State Bank of India, Commercial Branch, 1443, Trichy Road, Coimbatore - 641018, Tamilnadu, India |
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Facilities : |
NOTE LONG TERM BORROWINGS NATURE OF SECURITY I) First charge over the entire fixed assets of the company ii) Collateral security a) Following Properties standing in the name of V.K. Kumaresan, V.K. Padmanabhan and Rajammal - 9.525 acres of land and 4120 sq.ft building thereon SF.No.366(part), 374(part) of Panikkampatti Village, Palladam TK - 2.90 acres of land at SF No 291/1(part),302/3(part) at Panikkampatti Village, Palladam TK; - 1.225 acres of land at SF Ma 476/3 at Vadugapalayam Village, Palladam TK - 1.40 cents of land and 1000 sq.ft of building thereon at SF No 323, Panikkampatti village, Palldam TK - 9.40 cents of land at SF No 258/1 at Palladam Village, Palladam TK b) 153.42 cents of land and factory building thereon SF Rlo 9/1&10 of Vadugapalayam village, Palladam TK standing in the name of V.K. Kumaresan and Gnaneswari c) 167 cents of land at SF No 10/2, 4/16, 5/1 (3 properties of 100 cents, 45 cents and 22 cents each) Vadugupalayam Village, Palladarn TK standing in the name of V.K. Kumaresan. d) Following properties standing in the name of V.K. Padmanabhan - 12 cents of land and 1000 sq. ft of building thereon at SF No (part) at Vadugapalayam Village, Palladam TK - 9.5 cents of land at SF No 784/2 (part) Madukkarai Township and village, Coimbatore TK - 8 cents of land and 1970 sq. ft of building thereon of SF No 161/5(part), Kurichi Village, Coimbatore - 25.86 cents of land and 5640 sq. ft. of building thereon at SF No 188/l (part), 189/2 part at Kurichi Village, Coimbatore. iii) Personal guarantee given by V.K. Kumaresan, K.Ganeshwari, V.K. Padmanabhan, Rajammal SHORT TERM BORROWINGS STATE BANK OF INDIA
- WORKING CAPITAL NATURE OF SECURITY i) First charge by hypothecation over the entire current assets of the company. ii) Extension of first charge, collateral security and personal guarantee given for the term loan. TERMS OF REPAYMENT : On demand-Validity of sanction : 12 months |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
M. Chinnaswamy Chartered Accountants |
|
Address : |
B9, IIIrd Floor Andavar Complex, 752 Cross Cut Road, Coimbatore – 641012, Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABNPC1881H |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Equity Shares |
Rs.100/- each |
Rs.90.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
471520 |
Equity Shares |
Rs.100/- each |
Rs.47.152
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 |
47.152 |
47.152 |
47.152 |
|
(b) Reserves & Surplus |
106.641 |
104.706 |
103.436 |
|
(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) |
153.793 |
151.858 |
150.588 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term Borrowings |
17.487 |
41.888 |
66.488 |
|
(b) Deferred Tax Liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other Long Term Liabilities |
4.446 |
3.526 |
3.243 |
|
(d) long-term Provisions |
1.614 |
1.332 |
1.045 |
|
Total Non-current Liabilities (3) |
23.547 |
46.746 |
70.776 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short Term Borrowings |
105.619 |
96.757 |
83.172 |
|
(b) Trade Payables |
12.269 |
11.299 |
0.950 |
|
(c) Other Current
Liabilities |
22.897 |
26.163 |
30.094 |
|
(d) Short-term Provisions |
0.905 |
0.395 |
0.127 |
|
Total Current Liabilities (4) |
141.690 |
134.614 |
114.343 |
|
|
|
|
|
|
TOTAL |
319.030 |
333.218 |
335.707 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible Assets |
223.801 |
234.646 |
248.641 |
|
(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 |
5.280 |
6.387 |
3.882 |
|
(e) Other Non-current Assets |
0.169 |
0.225 |
0.281 |
|
Total Non-Current Assets |
229.250 |
241.258 |
252.804 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current Investments |
0.234 |
0.000 |
0.000 |
|
(b) Inventories |
32.467 |
38.163 |
33.520 |
|
(c) Trade Receivables |
46.805 |
41.841 |
39.137 |
|
(d) Cash and Cash
Equivalents |
4.727 |
5.047 |
1.737 |
|
(e) Short-term Loans and
Advances |
5.547 |
6.126 |
8.509 |
|
(f) Other Current Assets |
0.000 |
0.783 |
0.000 |
|
Total Current Assets |
89.780 |
91.960 |
82.903 |
|
|
|
|
|
|
TOTAL |
319.030 |
333.218 |
335.707 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
351.694 |
224.182 |
272.723 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
311.338 |
186.691 |
223.206 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
40.356 |
37.491 |
49.517 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
20.622 |
19.828 |
21.850 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.734 |
17.663 |
27.667 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
16.217 |
15.716 |
26.591 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
3.517 |
1.947 |
1.076 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.582 |
0.678 |
0.266 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
1.935 |
1.269 |
0.810 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
6.272 |
0.000 |
7.512 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1.901 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
1.901 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.10 |
2.69 |
1.72 |
|
|
Particulars |
|
|
31.03.2014 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
380.000 |
|
|
|
|
|
The above information has been parted by Mr. Kumareshan Ganeshwari
(Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.55 |
0.57 |
0.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.10 |
0.58 |
0.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.80 |
0.91 |
0.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.63 |
0.68 |
0.73 |
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 |
47.152 |
47.152 |
47.152 |
|
Reserves & Surplus |
103.436 |
104.706 |
106.641 |
|
Net
worth |
150.588 |
151.858 |
153.793 |
|
|
|
|
|
|
long-term borrowings |
66.488 |
41.888 |
17.487 |
|
Short term borrowings |
83.172 |
96.757 |
105.619 |
|
Total
borrowings |
149.660 |
138.645 |
123.106 |
|
Debt/Equity
ratio |
0.994 |
0.913 |
0.800 |
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 |
272.723 |
224.182 |
351.694 |
|
|
|
(17.799) |
56.879 |
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 |
272.723 |
224.182 |
351.694 |
|
Profit |
0.810 |
1.269 |
1.935 |
|
|
0.30% |
0.57% |
0.55% |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four 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 |
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 |
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 |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90004405 |
12/02/2014 * |
158,800,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, 1443, TRICHY ROAD, COIMBATORE, |
C00972604 |
* Date of charge modification
HIGHLIGHTS
In the year ended 31.03.2013, the company’s overall turnover is Rs. 351.694 Millions and the company had made a proft or Rs. 3.517 Millions. The performance of the company had improved compared to previous year. the directors had taken steps to improve the business in the current year.
FIXED ASSETS
· Air conditioner
Blow
Room Machinery
Boiler
Building
Car
Carding
Can Accessories
Compressor
Computer
Electrical
Fittings
Electrical
Installation
Factory
Building
Furniture
and Fixtures
Generator
Kitchen
Equipment’s
Looms
Beams
Office
Equipment’s
Plant
and Machinery
Transformer
Vehicle
Weighing
Scale
Wind
Mill
Xerox
Machine
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.59.88 |
|
|
1 |
Rs.100.98 |
|
Euro |
1 |
Rs.82.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.