MIRA INFORM REPORT
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Report No. : |
315883 |
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Report Date : |
06.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHRI AMBICA INTERNATIONAL FOOD COMPANY PRIVATE LIMITED (w.e.f.
22.04.2010) |
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Formerly Known
As : |
AMBICA AGRICO EXPORTS PRIVATE LIMITED |
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Registered
Office : |
1008, DMall, Plot No.A1, Netaji Subhash Place, Wazirpur District
Centre, Pitampura, Delhi – 110034 |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
15.11.2006 |
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Com. Reg. No.: |
55-155525 |
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Capital
Investment / Paid-up Capital : |
Rs.32.400 Million |
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CIN No.: [Company Identification
No.] |
U51109DL2006PTC155525 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
DELA21807C |
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PAN No.: [Permanent Account No.] |
AAGCA8028B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the manufacturing and exports of Basmati Rice. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 management has failed to file its financial record with government
department for the year 2014. However, the rating reflect SAIFCO’s established position in the
domestic market supported by geographically diversified wide customer base,
promoters’ extensive in the rice industry and sound financial base of the
company. Trade relations are fair. Business is active. Payments 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating=BB |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
|
Date |
31.10.2014 |
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Rating Agency Name |
CRISIL |
|
Rating |
Short term rating=A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
31.10.2014 |
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Prveen Goel |
|
Designation : |
Not Divulged |
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Contact No.: |
91-9215634880 |
|
Date : |
04.04.2015 |
LOCATIONS
|
Registered Office : |
1008, DMall, Plot No.A1, Netaji Subhash Place, Wazirpur District Centre,
Pitampura, Delhi – 110034, India |
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Tel. No.: |
91-11-27351144 |
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Fax No.: |
91-11-27352894 |
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E-Mail : |
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Website : |
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Factory : |
Nadana Road, Taraori, Karnal – 132116, Haryana, India |
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Tel. No.: |
91-184-6663330 91-1745-243333 / 666000 |
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Fax No.: |
91-1745-244422 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Subhash Chand |
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Designation : |
Director |
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Address : |
33, Sector-10, Tarori – 132116, Haryana, India |
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Date of Birth/Age : |
03.03.1963 |
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Date of Appointment : |
15.11.2006 |
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DIN No.: |
02233556 |
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Name : |
Mr. Ishwar Chand Goel |
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Designation : |
Director |
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Address : |
33, Sector-10, Tarori – 132116, Haryana, India |
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Date of Birth/Age : |
10.10.1941 |
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Date of Appointment : |
15.11.2006 |
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DIN No.: |
02233570 |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Subhash Chand |
54000 |
1.67 |
|
Ishwar Chand Goel |
1406000 |
43.40 |
|
ARM Agro Products Private Limited, India |
990000 |
30.56 |
|
Parkland Projects and Infrastructures Private Limited, India |
390000 |
12.04 |
|
Usha Rani |
200000 |
6.17 |
|
Ashok Kumar |
200000 |
6.17 |
|
Total |
3240000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
42.59 |
|
Directors or relatives of Directors |
57.41 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the manufacturing and exports of Basmati Rice. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai – 400013, Maharashtra, India |
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Facilities : |
NOTES: Long Term Borrowings · Term Loan from Bank amounting to Rs.115.725 Million (PY Rs.165.517 Million) is secured against first charge on all the fixed assets of the Company including equitable mortgages of the specific properties in the name of the company, second charge by the way hypothecation of the entire current assets of the company both present and future and personal guarantee by Directors/Family members, charge on specific immovable properties pertaining to directors. · Term Loans of Rs.48.400 Million (PY Rs 45.900 Million) are falling due for repayment within one year. · Vehicle Loan from banks amounting to Rs.1.486 Million (PY Rs.1.630 Million) is secured against hypothecation of specified vehicles of the Company. Short Term
Borrowings · Working Capital loan of Rs.770.261 Million (PY Rs.658.574 Million) secured against entire current assets of the company including Raw Material, Stores, Stock in Process, Finished Goods and Book Debts etc. both present and future on First Charge including equitable mortgages of the specific properties in the name of the company and personal guarantee of directors and specific properties pertaining to the directors. · Short Term Loan of Rs. 252.118 Million (PY Rs.280.838 Million) was secured against pledge of underlying raw material with Bank, noting of lien of Bank on the warehouse receipts issued by collateral management agency. |
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Auditors : |
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Name : |
Tarun Batra and Company Chartered Accountants |
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Address : |
1085, Sector-6, Urban Estate, Karnal – 132001, Haryana, India |
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PAN No.: |
ABQPB7035F |
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Membership : |
-- |
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Wholly owned
subsidiary (As on 31.03.2013) : |
Saifco International DMCC (UAE) |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
3250000 |
Equity Shares |
Rs.10/- each |
Rs.32.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
3240000 |
Equity Shares |
Rs.10/- each |
Rs.32.400 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
32.400 |
27.400 |
22.400 |
|
(b) Reserves & Surplus |
361.455 |
274.963 |
204.066 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
10.000 |
4.890 |
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Total
Shareholders’ Funds (1) + (2) |
393.855 |
312.363 |
231.356 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
140.995 |
169.983 |
179.150 |
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(b) Deferred tax liabilities (Net) |
35.534 |
30.229 |
19.424 |
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(c) Other long term
liabilities |
0.317 |
2.601 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
176.846 |
202.813 |
198.574 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
1022.379 |
939.412 |
541.868 |
|
(b) Trade
payables |
14.719 |
9.561 |
65.443 |
|
(c) Other
current liabilities |
131.312 |
48.116 |
48.955 |
|
(d) Short-term
provisions |
15.538 |
8.030 |
5.742 |
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Total Current
Liabilities (4) |
1183.948 |
1005.119 |
662.008 |
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TOTAL |
1754.649 |
1520.295 |
1091.938 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
323.770 |
323.960 |
217.824 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii) Capital
work-in-progress |
0.000 |
3.472 |
70.240 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.235 |
2.699 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.356 |
3.116 |
1.755 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
329.361 |
333.247 |
289.819 |
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(2)
Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
921.661 |
1042.078 |
621.056 |
|
(c) Trade
receivables |
440.407 |
103.473 |
147.554 |
|
(d) Cash
and cash equivalents |
30.537 |
28.854 |
21.708 |
|
(e)
Short-term loans and advances |
19.381 |
2.913 |
2.625 |
|
(f) Other current
assets |
13.302 |
9.730 |
9.176 |
|
Total
Current Assets |
1425.288 |
1187.048 |
802.119 |
|
|
|
|
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TOTAL |
1754.649 |
1520.295 |
1091.938 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Gross Sales |
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Other Income |
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TOTAL (A) |
2867.300 |
2035.900 |
1436.600 |
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Less |
EXPENSES (B) |
2629.100 |
1850.300 |
1325.100 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
238.200 |
185.600 |
111.500 |
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Less |
FINANCIAL
EXPENSES (D) |
156.100 |
126.000 |
66.400 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
82.100 |
59.600 |
45.100 |
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Less |
DEPRECIATION/
AMORTISATION (F) |
17.200 |
13.800 |
9.900 |
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
64.900 |
45.800 |
35.200 |
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Less |
TAX (H) |
23.400 |
19.900 |
12.800 |
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PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
41.500 |
25.900 |
22.400 |
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Earnings Per
Share (Rs.) |
12.81 |
9.45 |
10.43 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
3.71 |
3.02 |
3.45 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.15 |
0.15 |
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|
Debt Equity Ratio (Total Debt /Networth) |
|
2.95 |
3.55 |
3.12 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.18 |
1.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
22.400 |
27.400 |
32.400 |
|
Reserves & Surplus |
204.066 |
274.963 |
361.455 |
|
Share Application money pending
allotment |
4.890 |
10.000 |
0.000 |
|
Net
worth |
231.356 |
312.363 |
393.855 |
|
|
|
|
|
|
long-term borrowings |
179.150 |
169.983 |
140.995 |
|
Short term borrowings |
541.868 |
939.412 |
1022.379 |
|
Total
borrowings |
721.018 |
1109.395 |
1163.374 |
|
Debt/Equity
ratio |
3.116 |
3.552 |
2.954 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Gross Sales & Other Income |
1436.600 |
2035.900 |
2867.300 |
|
|
|
41.717 |
40.837 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Gross ales & Other Income |
1436.600 |
2035.900 |
2867.300 |
|
Profit |
22.400 |
25.900 |
41.500 |
|
|
1.56% |
1.27% |
1.45% |
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 |
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 |
No |
|
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 |
CORPORATE INFORMATION (AS ON 31.03.2013)
Subject is a closely held private limited company in India and incorporated under the provisions of the Companies Act, 1956. Subject is engaged in the manufacturing and exports of Basmati Rice. The Company is having a wholly owned subsidiary at UAE under the name and style as M/s Saifco International DMCC.
FINANCIAL SNAPSHOTS (AS ON 31.03.2013)
Subject achieves newer heights in the financial year. The total turnover and profit before tax are highest ever in the history of subject. The Gross Sales and other income for the financial year under review are Rs.2867.300 Million as against Rs.2035.900 Million for the previous financial year registering an increase of 40.84%. The Profit before Tax is Rs. 6.49 Crore for the financial year under review as against Rs. 4.58 Crore for the previous year. Profit before tax improved by 41% and Earnings before interest depreciation and tax (EBIDTA) of the company also increase by 28.40%.
Subject has grown rapidly in the last few years. Behind this exponential growth is the sheer strength of professionalism. In spite of its success and continuing expansion, subject remains a lean, flat organization and one of the very few professionally managed rice entities in India. Each department is manned by seasoned handpicked experts, who are encouraged to follow a proactive and independent approach. Using contemporary management tools, different function liaise closely to achieve optimal efficiency, higher productivity, faster communication and lower cost.
Adopting and absorbing the latest technology and management technique, establishing a family bond with farmers, building concrete bonds with clients for long-term business relationships are few of the factors that have fetched the company a high-profile status.
EXPANSION AND FUTURE PLANS (AS ON
31.03.2013)
Subject has registered impressive growth in the current year and the positive results of expansion will continue to show in the next and following years. Subject is presently dealing in Basmati Rice, which is exported Middle East, European countries and United States of America. Subject is in continuous process of exploring new international markets as well as increasing domestic network to increase its share in export as well as in domestic markets.
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Million |
31.03.2012 Rs. In Million |
|
Long Term Borrowings |
|
|
|
From Financial
Institutions |
|
|
|
From Directors |
0.600 |
0.550 |
|
From Others |
23.184 |
2.286 |
|
|
|
|
|
Total |
23.784 |
2.836 |
NOTES:
Long Term Borrowings
Unsecured Loan of Rs.23.184 Million (PY Rs.2.286 Million) are secured against personal guarantee of the directors of the company.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10558263 |
03/03/2015 |
280,000,000.00 |
CENTRAL BANK OF INDIA |
G.T. ROAD, KARNAL, KARNAL, HARYANA - 132001, INDIA |
C48473730 |
|
2 |
10548045 |
08/12/2014 |
175,000,000.00 |
STATE BANK OF INDIA |
SME BRANCH, TARAORI, KARNAL, HARYANA - 132116, INDIA |
C42773630 |
|
3 |
10432402 |
31/05/2013 |
50,000,000.00 |
STATE BANK OF INDIA |
RAILWAY
ROAD, TARAORI, KARNAL, HARYANA - 132116, |
B77648566 |
|
4 |
10388317 |
01/11/2012 |
740,000.00 |
CANARA BANK |
RAILWAY ROAD, TARAORI, HARYANA - 132116, INDIA |
B62701982 |
|
5 |
10335591 |
20/01/2012 |
60,000,000.00 |
STATE BANK OF INDIA |
RAILWAY ROAD, TARAORI, HARYANA - 132116, INDIA |
B32140121 |
|
6 |
10252489 |
08/12/2014 * |
1,300,000,000.00 |
STATE BANK OF INDIA |
SME BRANCH, TARAORI, KARNAL, HARYANA - 132116, INDIA |
C42773085 |
|
7 |
10252490 |
20/10/2010 |
50,000,000.00 |
STATE BANK OF INDIA |
TARAORI, KARNAL, HARYANA - 132116, INDIA |
A99545782 |
|
8 |
10184185 |
15/10/2009 |
60,000,000.00 |
CANARA BANK |
RAILWAY ROAD, TARAORI, KARNAL, HARYANA - 132116, INDIA |
A72623002 |
|
9 |
10146886 |
10/01/2013 * |
90,000,000.00 |
CANARA BANK |
RAILWAY ROAD, TARAORI, HARYANA - 132116, INDIA |
B65690760 |
|
10 |
10120620 |
25/07/2008 |
1,350,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A45053188 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
43 |
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.