MIRA INFORM REPORT
|
Report No. : |
319328 |
|
Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SIVA SWATI TEXTILE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D. No.6-179, G.T. Road,
Ganapavaram, Guntur – 522 619, Andhra Pradesh |
|
Tel. No.: |
91-8647-259693 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
11.02.2005 |
|
|
|
|
Com. Reg. No.: |
01-045340 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.318.890 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17300AP2005PTC045340 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS10848F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS7570G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject engaged in the business of manufacturing / trading of cotton yarn and polyester yarn. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1718000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. Reserves level of
the company is low. However, the company shown a growth in its turnover and
profitability. General financial position of the company is normal and
acceptable for business dealing. Trade relations
are reported as fair. Business is active. Payment terms are reported to be
usually correct. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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.
LOCATIONS
|
Registered Office : |
D. No.6-179, G.T. Road,
Ganapavaram, Guntur – 522 619, Andhra Pradesh, India |
|
Tel. No. : |
91-8647-259693/ 252243 |
|
Fax No. : |
91-8647-257262 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Opposite 132 K.V.A. Sub-Station, Veluru Donka, Ganapavaram, Via
Chilakaluripet, Guntar District – 522 619, Andhra Pradesh, India |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Teene Venkayamma Prathipati |
|
Designation : |
Director |
|
Address : |
D.
No.:4-286, 2nd Lane, Pandaripuram, Chilakaluripet – 522 616,
Andhra Pradesh, India |
|
Date of Birth/Age : |
29.07.1960 |
|
Date of Appointment : |
11.02.2005 |
|
DIN No.: |
00432330 |
|
PAN No.: |
AHRPP6942Q |
|
|
|
|
Name : |
Mr. Sarath Prathipati |
|
Designation : |
Director |
|
Address : |
4-286,
2nd Lane, Pandaripuram, Chilakaluripeta, Guntur – 522 616, Andhra
Pradesh, India |
|
Date of Birth/Age : |
16.10.1993 |
|
Date of Appointment : |
02.07.2014 |
|
DIN No.: |
06899511 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Prathipati Teene
Venkayamma |
|
1017107 |
|
Anne Narendra Kumar |
|
97363 |
|
Kuchipudi Lakshmi |
|
10000 |
|
Kakumanu Ramachandraiah |
|
20000 |
|
Kakumanu Sri Latha |
|
9500 |
|
Kuchipudi Venkateswara
Rao |
|
60500 |
|
Muddana Malleswara Rao |
|
7500 |
|
Muddana Nageswara Rao |
|
7500 |
|
Nadella Siva Rama Krishna |
|
60000 |
|
Aegis Tracom Private
Limited, India |
|
275000 |
|
Ramineni Dharma Prachark |
|
161282 |
|
Chilukoori Satish |
|
22893 |
|
Komapalli Srinivas |
|
36320 |
|
Veeramachanenni Satish |
|
22893 |
|
Tammineedi Sirisha |
|
11500 |
|
Satish B. Vemana |
|
30372 |
|
Manjit Singh |
|
19733 |
|
Durga Nadella |
|
6286 |
|
Achanta Ram |
|
20115 |
|
Prathipati Pulla Rao |
|
775000 |
|
Vasudeva Realtors Private
Limited (Represented By T. Nageswara Rao) |
|
110000 |
|
Ramineni Harischandra |
|
312799 |
|
Anne Hemasudha Rani |
|
10000 |
|
Chigurupati Trinath |
|
30187 |
|
Polavarapu Raghava Rao |
|
45000 |
|
Ravi Venkata Rao |
|
10052 |
|
Total |
|
3188902 |
AS ON 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
3.44 |
|
Directors or relatives of Directors |
96.56 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in the business of manufacturing / trading of cotton yarn and polyester yarn. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Not Available |
|
|
|
|
Purchasing : |
Not Available |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
State Bank of Mysore |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Polineni
Associates Chartered Accountants |
|
Address : |
6-12-47, 12/1-Arundelpet,
I Floor, Guntur – 522 002, Andhra Pradesh, India |
|
Tel. No.: |
91-863-2235397 |
|
E-Mail : |
|
|
PAN
No.: |
AACFP7994F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
|
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3500000 |
Equity Shares |
Rs.100/- each |
Rs.350.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3188902 |
Equity Shares |
Rs.100/- each |
Rs.318.890 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
318.890 |
318.890 |
318.890 |
|
(b) Reserves & Surplus |
285.324 |
208.969 |
162.726 |
|
(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) |
604.214 |
527.859 |
481.616 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
301.992 |
405.173 |
523.473 |
|
(b) Deferred tax liabilities (Net) |
135.539 |
136.677 |
119.082 |
|
(c) Other long term
liabilities |
9.618 |
11.789 |
7.939 |
|
(d) Long-term
provisions |
1.859 |
1.880 |
1.322 |
|
Total Non-current
Liabilities (3) |
449.008 |
555.519 |
651.816 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
378.073 |
334.608 |
250.555 |
|
(b) Trade
payables |
107.188 |
76.462 |
75.664 |
|
(c) Other
current liabilities |
17.627 |
23.004 |
21.027 |
|
(d) Short-term
provisions |
53.097 |
36.300 |
33.238 |
|
Total Current
Liabilities (4) |
555.985 |
470.374 |
380.484 |
|
|
|
|
|
|
TOTAL |
1609.207 |
1553.752 |
1513.916 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
850.346 |
883.494 |
940.009 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
13.439 |
14.774 |
29.960 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.005 |
0.005 |
1.805 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
49.723 |
40.936 |
34.068 |
|
(e) Other
Non-current assets |
0.011 |
0.023 |
0.034 |
|
Total Non-Current
Assets |
913.524 |
939.232 |
1005.876 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
274.423 |
217.892 |
177.916 |
|
(c) Trade
receivables |
221.687 |
242.058 |
231.041 |
|
(d) Cash
and cash equivalents |
3.958 |
0.440 |
2.818 |
|
(e)
Short-term loans and advances |
22.560 |
41.336 |
35.711 |
|
(f) Other current
assets |
173.055 |
112.794 |
60.554 |
|
Total
Current Assets |
695.683 |
614.520 |
508.040 |
|
|
|
|
|
|
TOTAL |
1609.207 |
1553.752 |
1513.916 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2018.113 |
1884.296 |
1667.995 |
|
|
|
Other Income |
17.842 |
33.853 |
5.598 |
|
|
|
TOTAL |
2035.955 |
1918.149 |
1673.593 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1814.489 |
1707.518 |
1484.323 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
221.466 |
210.631 |
189.270 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST |
71.230 |
73.495 |
66.453 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
150.236 |
137.136 |
122.817 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
61.353 |
60.350 |
61.244 |
|
|
|
|
|
|
|
|
|
Less |
PRELIMINARY
EXPENSES WRITTEN OFF |
0.011 |
0.011 |
0.011 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
88.872 |
76.775 |
61.562 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
12.517 |
30.532 |
33.430 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
76.355 |
46.243 |
28.132 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
208.969 |
162.726 |
134.594 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
285.324 |
208.969 |
162.726 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
208.093 |
85.850 |
36.521 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
23.94 |
14.50 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.78 |
2.45 |
1.69 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
10.97 |
11.18 |
11.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.57 |
4.99 |
4.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.15 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.13 |
1.40 |
1.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.31 |
1.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Share Capital |
318.890 |
318.890 |
318.890 |
|
Reserves & Surplus |
162.726 |
208.969 |
285.324 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
481.616 |
527.859 |
604.214 |
|
|
|
|
|
|
Long Term borrowings |
523.473 |
405.173 |
301.992 |
|
Short Term borrowings |
250.555 |
334.608 |
378.073 |
|
Total borrowings |
774.028 |
739.781 |
680.065 |
|
Debt/Equity ratio |
1.607 |
1.401 |
1.126 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Sales |
1667.995 |
1884.296 |
2018.113 |
|
|
|
12.968 |
7.102 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Sales |
1667.995 |
1884.296 |
2018.113 |
|
Profit |
28.132 |
46.243 |
76.355 |
|
|
1.69% |
2.45% |
3.78% |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
GENERAL INFORMATION:
Subject is a company incorporated in the year of 2005 has been actively
engaged in the business of manufacturing / trading of cotton yarn and polyester
yarn. During the current financial year the company has made a turnover of
Rs.2018.100 million.
BUSINESS OPERATIONS:
During the year the company went into successful overall commercial
operations with the installed capacity of 60624 Spindlage operational in the
year by production of 9976242 Kgs. of Combed, Carded and Hosiery Cotton Yarn,
Polyester and Polyester / Viscose Spun Yarn.
Out of 60624 Spindles 15300 Spindles are for Compact Yarn producing a
Premium Quality Yarn. This will facilitate Premium Yarn production with higher
revenue realization.
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
70.249 |
53.310 |
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
38.269 |
38.080 |
|
Total |
108.518 |
91.390 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
CHARGE HOLDER |
ADDRESS |
Service Request Number
(SRN) |
|
1 |
10421925 |
22/07/2014 * |
694,600,000.00 |
STATE BANK OF INDIA |
SPECIALIZED MID CORPORATE
BRANCH, D.NO.48-10-20, NEAR NTR HEALTH UNIVERSITY, GUNADALA,
VIJAYAWADA, ANDHRA PRADESH - 520004, INDIA |
C16609398 |
|
2 |
10022594 |
04/10/2006 |
200,000,000.00 |
STATE BANK OF MYSORE |
INDUSTRIAL FINANCE BRANCH,
MY HOME JUPALLY, AMEERPET, HYDERABAD, ANDHRA PRADESH - 500016, INDIA |
A05744313 |
|
3 |
90134915 |
22/07/2014 * |
1,040,000,000.00 |
STATE BANK OF INDIA |
SPECIALIZED MID CORPORATE
BRANCH, D.NO.48-10-20, NEAR NTR HEALTH UNIVERSITY, GUNADALA, VIJAYAWADA, ANDHRA
PRADESH - 520004, INDIA |
C16611014 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Buildings
·
Plant and Equipments
·
Furniture and Fixtures
·
Vehicles
·
Computer Equipments
·
Office Equipments
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.63.19 |
|
|
1 |
Rs.94.94 |
|
Euro |
1 |
Rs.67.66
|
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
-- PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
46 |
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.