MIRA INFORM REPORT
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Report No. : |
355376 |
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Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAVIO INDIA LIMITED (w.e.f. 29.09.2009) |
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Formerly Known
As : |
ITEMA SPINNING INDIA LIMITED (w.e.f. 06.12.2007) ITEMA INDIA LIMITED (w.e.f. 06.06.2005) VEEJAY SAVIOR LAKSHMI MACHINERY LIMITED |
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Registered
Office : |
Factory Premises, Tamaraikulam PO, Pollachi Taluk- 642109, Tamilnadu |
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Tel. No.: |
91-4259-661555 |
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Country : |
India |
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Financials (as
on) : |
31.12.2013 |
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Date of
Incorporation : |
21.03.1996 |
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Com. Reg. No.: |
18-007062 |
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Capital
Investment / Paid-up Capital : |
Rs. 200.000 Million |
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CIN No.: [Company Identification
No.] |
U02926TZ1996FLC007062 |
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IEC No.: |
3296003126 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CMBV03406B |
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PAN No.: [Permanent Account No.] |
AABCV0154G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Textile Machinery (Registered Activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (50) |
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is subsidiary of Savio Macchine Tessili (Italy) incorporated in the year 1996. Management has failed to file its financials for FY 14 with Registrar of Companies. As per FY 13, the company has achieved decent sales turnover marked by good profit margin. Operational performance has improved as compared to previous year. The company possesses decent net worth base marked by zero debt balance sheet, adequate cash accruals and favourable gap between trade payables and receivables. Trade relations are fair. Business is active. Payments are regular and as per commitments. In view of strong holdings and financial support, the company can be considered 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
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
31-03-2015.
INFORMATION DECLINED
Management non-cooperative (91-4259-661555/ 91-161-2678565)
LOCATIONS
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Registered Office : |
Factory Premises, Tamaraikulam PO, Pollachi Taluk- 642109, Tamilnadu, India |
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Tel. No.: |
91-4259-661555 |
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Fax No.: |
91-4259-661567 |
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E-Mail : |
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Website : |
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Ludhiana
Office : |
No.7, 396 Industrial Area – A , Mega Avenue, Ludhiana - 141 003, Punjab, India |
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Ahmedabad
Office : |
Shrinand City – 5, H-101,near Baroda Express Highway New Maninagar, Ramol, Ahmedabad - 380 026, Gujarat, India |
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Service Centre : |
Andhra Pradesh 202, Subodaya Appartments, 6th Lane, 14th Cross (6/14) Broadipet, Guntur - 522 002 Andhra Pradesh, India Email : guntur@savioindia.in Bhopal Flat No. D 301 Chinnar Dreams CT, Manideep, Hoshangabad Road, Bhopal - 462 046 Madhya Pradesh, India Email : bhopal@savioindia.in Ahmedabad Block - G – 104, Takshashila Mahadev Green Near. Pavitra Kunj, CTM Amraiwadi, Ahmedabad - 380 026, Gujarat, India Email : ahmedabad@savioindia.in
Kolhapur Flat No. 105, Evergreen Homes Phase 3, C.S. No. 183/3, Opposite Nagala Park, M.S.E.B, Mahaveer College Road, Kolhapur- 416 003, Maharashtra, India Email : kolhapur@savioindia.in |
DIRECTORS
As on 31.03.2015
|
Name : |
Dr. Gabriele Checchini |
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Designation : |
Managing Director |
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Address : |
3074,Sector 38, Ludhiana, Ludhiana-141010, Punjab, India |
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Date of Birth/Age : |
25.02.1947 |
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Date of Appointment : |
21.03.1996 |
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DIN No.: |
01725574 |
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Other Directorship:
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Name : |
Mr. Pommian Meenachi Sundaram |
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Designation : |
Director |
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Address : |
No.4 / 37d, Govindasamy Thottam, Sindamani Pudur, Coimbatore-641103, Tamilnadu, India |
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Date of Birth/Age : |
29.05.1971 |
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Date of Appointment : |
09.06.2014 |
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DIN No.: |
00441193 |
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Other Directorship:
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Name : |
Mr. Paulo Puntoni |
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Designation : |
Director |
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Address : |
Interna N-26, Pordenone, Italy, N26, , Italy |
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Date of Birth/Age : |
25.01.1946 |
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Date of Appointment : |
11.05.2005 |
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DIN No.: |
01751422 |
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Name : |
Mr. Selvaraj Gurusamy |
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Designation : |
Director |
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Address : |
14, Uss Layout, Gandhi Nagar East, Udumalpet-642126, Tamilnadu, India |
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Date of Birth/Age : |
01.01.1957 |
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Date of Appointment : |
09.06.2014 |
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DIN No.: |
02687308 |
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Other Directorship:
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Name : |
Mr. Ivan Pedroni |
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Designation : |
Director |
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Address : |
Via Daste E,Splenga 5, 24125 Bg, Splenga, 24125, Italy |
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Date of Birth/Age : |
19.06.1972 |
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Date of Appointment : |
20.06.2012 |
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DIN No.: |
05213687 |
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Name : |
Mr. Lorenzo Cucchetto |
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Designation : |
Director |
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Address : |
Via Sartori 41,37024, Negrar, Negrar, 37024, Italy |
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Date of Birth/Age : |
25.08.1952 |
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Date of Appointment : |
20.06.2012 |
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DIN No.: |
05213693 |
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Name : |
Mr. Mauro Moro |
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Designation : |
Director |
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Address : |
Via Sartori 41,37024, Negrar, Negrar, 37024, Italy |
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Date of Birth/Age : |
30.04.1964 |
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Date of Appointment : |
20.06.2012 |
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DIN No.: |
05213695 |
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KEY EXECUTIVES
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Name : |
Perichiappan Moorthy |
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Designation : |
Secretary |
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Address : |
Plot No 28, Balajinagar, Chettipalayam Road, Eachanari, Coimbatore-641021, Tamilnadu, India |
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Date of Appointment : |
26.08.2014 |
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PAN No.: |
AFZPM8047F |
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Name : |
Vijayaraghavan Soundararajan |
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Designation : |
Chief Financial Officer |
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Address : |
Plot No 13, Fci Nagar,4TH Cross Revenue Nagar, Vilankurichi, Saravanampatty Post, Coimbatore-641035, Tamilnadu, India |
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Date of Appointment : |
26.08.2014 |
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PAN No.: |
BHHPS1793K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 09.06.2014
|
Names of Shareholders |
|
No. of Shares |
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Savio Macchine Tessili S.p.A, Italy |
|
19999994 |
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P.Srihari |
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1 |
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PR.Moorthy |
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1 |
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S.Jayabal |
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1 |
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V.Saravanan |
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1 |
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K.Asok kumar |
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1 |
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N. Ravi |
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1 |
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Total |
|
20000000 |
Equity Share Break up (Percentage of Total Equity)
As on 09.06.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
99.99 |
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Directors or relatives of Directors |
0.01 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Textile Machinery (Registered Activity) |
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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 : |
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 : |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
41, Race Course, Shanmugha Manram, Coimbatore - 641018, Tamilnadu, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD3771D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company (As
on 31.12.2013) : |
Savio Macchine Tessili, Italy |
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Fellow Subsidiary company
(As on 31.12.2013) : |
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CAPITAL STRUCTURE
As on 09.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
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|
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
200.000 |
200.000 |
200.000 |
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(b) Reserves & Surplus |
534.340 |
344.405 |
219.990 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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|
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
734.340 |
544.405 |
419.990 |
|
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(3) Non-Current Liabilities |
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|
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
8.054 |
7.351 |
5.293 |
|
Total
Non-current Liabilities (3) |
8.054 |
7.351 |
5.293 |
|
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(4) Current Liabilities |
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|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
127.153 |
256.633 |
231.076 |
|
(c) Other current liabilities |
82.050 |
83.224 |
55.409 |
|
(d) Short-term provisions |
43.304 |
21.391 |
32.983 |
|
Total
Current Liabilities (4) |
252.507 |
361.248 |
319.468 |
|
|
|
|
|
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TOTAL |
994.901 |
913.004 |
744.751 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
255.223 |
223.453 |
219.406 |
|
(ii) Intangible Assets |
0.279 |
0.000 |
0.454 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
1.675 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.005 |
0.005 |
0.005 |
|
(c) Deferred tax assets (net) |
2.628 |
2.593 |
1.602 |
|
(d) Long-term Loan and Advances |
2.372 |
1.490 |
2.218 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
260.507 |
227.541 |
225.360 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
263.569 |
210.762 |
161.700 |
|
(c) Trade receivables |
279.413 |
256.584 |
239.637 |
|
(d) Cash and cash equivalents |
87.560 |
67.846 |
36.925 |
|
(e) Short-term loans and
advances |
91.677 |
78.355 |
43.450 |
|
(f) Other current assets |
12.175 |
71.916 |
37.679 |
|
Total
Current Assets |
734.394 |
685.463 |
519.391 |
|
|
|
|
|
|
TOTAL |
994.901 |
913.004 |
744.751 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from Operation |
1271.380 |
1085.983 |
1010.082 |
|
|
Other Income |
57.978 |
5.537 |
0.841 |
|
|
TOTAL
(A) |
1329.358 |
1091.520 |
1010.923 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
701.726 |
641.578 |
538.686 |
|
|
Purchases of Stock-in-Trade |
138.646 |
105.464 |
115.193 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(10.077) |
(27.702) |
(4.474) |
|
|
Employees benefits expense |
71.970 |
63.171 |
59.024 |
|
|
Other expenses |
118.445 |
114.436 |
114.537 |
|
|
TOTAL
(B) |
1020.710 |
896.947 |
822.966 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
308.648 |
194.573 |
187.957 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.862 |
0.534 |
1.082 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
307.786 |
194.039 |
186.875 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
21.750 |
20.145 |
25.157 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
286.036 |
173.894 |
161.718 |
|
|
|
|
|
|
|
Less |
TAX (H) |
96.100 |
49.480 |
49.498 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
189.936 |
124.414 |
112.220 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
9.50 |
6.22 |
5.61 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
141.730 |
123.480 |
60.563 |
|
Net cash flow from operating activity |
94.252 |
56.755 |
28.255 |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
14.94 |
11.46 |
11.11 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
24.28 |
17.92 |
18.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.83 |
19.10 |
21.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39 |
0.32 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.91 |
1.90 |
1.63 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
200.000 |
200.000 |
200.000 |
|
Reserves & Surplus |
219.990 |
344.405 |
534.340 |
|
Net
worth |
419.990 |
544.405 |
734.340 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1010.082 |
1085.983 |
1271.380 |
|
|
|
7.514 |
17.072 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1010.082 |
1085.983 |
1271.380 |
|
Profit |
112.220 |
124.414 |
189.936 |
|
|
11.11% |
11.46% |
14.94% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company
has been Shifted Nanjammasmettupalayam Road Thudiyalur Coimbatore – 641034,
Tamilnadu, India from to the present address
w.e.f. 31.05.2010
CURRENT OPERATIONS
AND FUTURE OUTLOOK: (As on 31.12.2013)
In an increasingly competitive market place and continuing demand for TFO machines during the year, sale of machines, sales assembled components, sale of spare parts, PCB repair charges, AMC and service charges and commission receipts including other income increased to Rs.1329.358 Million as against Rs.1091.520 Million for the previous year. Net profit for the current year is Rs.189.935 Million as compared to Rs.124.414 Million in the previous year. There is going to be increasing demand for TFO machines in future. The directors are confident that this would be achieved by the constant development of our team members.
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Land
- Buildings
- Residential building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer 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.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.13 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
AMT |
|
|
|
|
Report Prepared
by : |
JYTK / SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
50 |
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.