MIRA INFORM REPORT
|
Report No. : |
307018 |
|
Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
LAKSHMI CARD CLOTHING MANUFACTURING COMPANY PRIVATE LIMITED |
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Registered
Office : |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
06.01.1960 |
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Com. Reg. No.: |
18-000343 |
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Capital
Investment / Paid-up Capital : |
Rs.25.140 millions |
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CIN No.: [Company Identification
No.] |
U17219TZ1960PTC000343 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
CMBL03203E |
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PAN No.: [Permanent Account No.] |
AAACL3521E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of
Card Clothing and Card Room Service Machineries. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 180000 |
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Status : |
Satisfactory |
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Payment Behavior : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The company has reported good profitability in the current year. The company appears to be in sound financial position. Trade relations ae fair. Business is active. Payment terms are
reported to be regular and as per commitment. The company can be considered for business dealings with usual
business 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 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term rating=A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
Jan 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating=A2+ |
|
Rating Explanation |
Strong degree of safety |
|
Date |
Jan 2015 |
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 / Factory : |
|
|
Tel. No.: |
91-4255-277105 to
277 107 |
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Fax No.: |
91-4255-277107 |
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E-Mail : |
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Website : |
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Corporate Office : |
Lakshmi Plaza,
1089, Avanashi Road, Coimbatore – 641037, Tamilnadu, India |
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Tel. No.: |
91-422-210205 |
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Fax No.: |
91-422-216694 |
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E-Mail : |
DIRECTORS
As on: 26.09.2014
|
Name : |
Mr. Rangaswamy Santharam |
|
Designation : |
Managing Director |
|
Address : |
Prathishta, New No.241, Old No.183, Race Course, Coimbatore – 641018,
Tamilnadu, India |
|
Date of Birth/Age : |
21.03.1937 |
|
Date of Appointment : |
11.09.1964 |
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DIN No.: |
00151333 |
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Name : |
Mr. Pathy Sundaram |
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Designation : |
Director |
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Address : |
Rasakondalu, |
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Date of Birth/Age : |
17.11.1949 |
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Date of Appointment : |
27.03.1975 |
|
DIN No.: |
00013899 |
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|
|
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Name : |
Mr. Ralph Armin Graf |
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Designation : |
Director |
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Address : |
Strandweg 4,
Freienbach, Switzerland 8807 |
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Date of Birth/Age : |
25.08.1939 |
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Date of Appointment : |
30.11.1977 |
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DIN No.: |
01808424 |
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|
|
|
Name : |
Mr. Reddigari Chinna Hanumantha Reddy |
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Designation : |
Director |
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Address : |
Flat No.A IV/2, 45, Park Avenue, Race Course, Coimbatore – 641018,
Tamilnadu, India |
|
Date of Birth/Age : |
01.06.1935 |
|
Date of Appointment : |
26.06.1996 |
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DIN No.: |
00006184 |
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Name : |
Mr. Santharam Harishankar |
|
Designation : |
Whole-time director |
|
Address : |
Prathishta, New
No.241, Old No.183, Race Course Road, Coimbatore – 641018, Tamilnadu, India |
|
Date of Birth/Age : |
07.05.1973 |
|
Date of Appointment : |
01.04.2012 |
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PAN: |
AAJPH1839B |
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DIN No.: |
00151265 |
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|
|
|
Name : |
Mr. Aditya Krishnapathy |
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Designation : |
Director |
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Address : |
Rasakondalu, 27, |
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Date of Birth/Age : |
31.07.1986 |
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Date of Appointment : |
20.08.2008 |
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PAN: |
AMTPK6519R |
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DIN No.: |
00062224 |
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|
|
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Name : |
Mr. Balasundaram Sriram |
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Designation : |
Whole Time Director |
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Address : |
1996/9, M R Gardens Near Krishna Colony, Singanallur,
Coimbatore-641005, Tamilnadu, India |
|
Date of Birth/Age : |
08.12.1970 |
|
Date of Appointment : |
10.12.2012 |
|
DIN No.: |
00151097 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 26.09.2014
|
Names of Shareholders |
No. of Shares |
|
S. Thulasiammal |
1980 |
|
N. Krishnaveni |
9000 |
|
S. Sunitha |
17870 |
|
J. Vidya |
4800 |
|
D. Andal |
6000 |
|
Adityakrishna Pathy |
43970 |
|
K. Thangavelu and T. Kasthuri |
1200 |
|
S. Vasantha and R. Sumathi |
4800 |
|
R.K.K. Veenakumari |
6360 |
|
R. K. K. Indira |
2400 |
|
R. Santharam and S. Harishankar |
990 |
|
V.J. Jayaraman |
600 |
|
Asuthosh N. Munshaw |
1980 |
|
Prashanth Chandrran |
1 |
|
B. Abhinav Narayana by M&G Beena Balasubramaniam |
2361 |
|
S. Harishankar |
68572 |
|
Aishwarya Lakshmi |
7812 |
|
V. Mohan |
2760 |
|
Sans Craintes Live Stock Private Limited, India |
2640 |
|
S. Pathy and Aditya Krishna Pathy |
37731 |
|
Arjun Karivaradhan |
12458 |
|
Nithin Karivaradhan |
12755 |
|
Anirudh Balasubramaniam |
2361 |
|
|
|
|
Total
|
251401 |
Equity Share Break up (Percentage of Total Equity)
As on: 26.09.2014
|
Category |
Percentage |
|
Bodies corporate |
1.05 |
|
Directors or relatives of Directors |
72.26 |
|
Other top fifty shareholders |
26.69 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Card Clothing and Card Room Service Machineries. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Subbachar and Srinivasan Chartered Accountants |
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Address : |
34,Kalingarayar Street, Tamilnadu, India |
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PAN No: |
AALFS8959F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Parties : |
· Central Engineering Works · Central Nail Works · Prathishta Weaving and Knitting Company Limited · Infocus Marketing Services Limited · Texcity Engineering · LCC Investments Limited · The Coimbatore Lakshmi Cotton Press Private Limited · The Lakshmi Mills Company Limited · Lakshmi Automatic Loom Works Limited · R. Santharam Marketing Services Private Limited |
CAPITAL STRUCTURE
As on 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
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|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
251,401 |
Equity Shares |
Rs.100/- each |
Rs. 25.140
Millions |
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|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
25.140 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
607.456 |
669.710 |
654.836 |
|
(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) |
632.596 |
699.710 |
684.836 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
31.859 |
23.790 |
61.135 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
1.387 |
2.517 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.632 |
|
Total Non-current
Liabilities (3) |
31.859 |
25.177 |
64.284 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
160.025 |
156.791 |
199.011 |
|
(b) Trade
payables |
90.571 |
77.621 |
65.271 |
|
(c) Other
current liabilities |
441.351 |
439.226 |
435.827 |
|
(d) Short-term
provisions |
63.368 |
59.183 |
63.661 |
|
Total Current
Liabilities (4) |
755.315 |
732.821 |
763.770 |
|
|
|
|
|
|
TOTAL |
1419.770 |
1457.708 |
1512.890 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
417.004 |
423.781 |
315.791 |
|
(ii)
Intangible Assets |
0.001 |
0.001 |
0.571 |
|
(iii)
Capital work-in-progress |
14.706 |
6.140 |
5.781 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
159.825 |
190.835 |
204.542 |
|
(c) Deferred tax assets (net) |
4.120 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
73.605 |
81.585 |
81.168 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
669.261 |
702.342 |
607.853 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
457.089 |
375.570 |
322.850 |
|
(c) Trade
receivables |
151.911 |
186.617 |
158.052 |
|
(d) Cash
and cash equivalents |
121.435 |
171.496 |
386.124 |
|
(e)
Short-term loans and advances |
13.229 |
10.529 |
16.852 |
|
(f) Other
current assets |
6.845 |
11.154 |
21.159 |
|
Total
Current Assets |
750.509 |
755.366 |
905.037 |
|
|
|
|
|
|
TOTAL |
1419.770 |
1457.708 |
1512.890 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1140.662 |
1026.363 |
938.494 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
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TOTAL |
NA |
NA |
NA |
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|
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|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
108.855 |
113.026 |
190.702 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
33.454 |
39.030 |
41.788 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
75.401 |
73.996 |
148.914 |
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|
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|
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|
Less |
TAX |
18.271 |
22.356 |
26.232 |
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|
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|
PROFIT AFTER TAX
|
57.130 |
51.640 |
122.682 |
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
469.785 |
460.411 |
393.812 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend at @125% |
31.425 |
31.425 |
37.500 |
|
|
|
Tax on Dividend at @ 16.2225 % |
5.341 |
5.341 |
6.083 |
|
|
|
Transfer to General Reserve |
5.700 |
5.500 |
12.500 |
|
|
BALANCE CARRIED
TO THE B/S |
484.449 |
469.785 |
460.411 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
226.646 |
160.671 |
147.975 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
901.53 |
205.41 |
408.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.01 |
5.03 |
13.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.08 |
5.87 |
11.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.11 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.30 |
0.26 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
1.03 |
1.18 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
30.000 |
30.000 |
25.140 |
|
Reserves & Surplus |
654.836 |
669.710 |
607.456 |
|
Net worth |
684.836 |
699.710 |
632.596 |
|
|
|
|
|
|
long-term borrowings |
61.135 |
23.790 |
31.859 |
|
Short term borrowings |
199.011 |
156.791 |
160.025 |
|
Total borrowings |
260.146 |
180.581 |
191.884 |
|
Debt/Equity ratio |
0.380 |
0.258 |
0.303 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
938.494 |
1026.363 |
1140.662 |
|
|
|
9.363 |
11.136 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
938.494 |
1026.363 |
1140.662 |
|
Profit |
122.682 |
51.640 |
57.130 |
|
|
13.07% |
5.03% |
5.01% |
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 |
Yes |
FINANCIAL RESULTS:
The Company has earned an operating Profit of Rs. 108.855 millions on a turnover of Rs. 1140.662 millions (Previous year is Rs. 1026.363 Millions)
REVIEW OF OPERATIONS:
The income on the sale of Card Clothing, Card Room Accessories, Card Service Equipments, Radio Frequency Dryers, Fabrication charges and Service charges has increased by 11.14%
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Deposits from
Shareholders |
26.755 |
18.113 |
|
|
|
|
|
Total |
26.755 |
18.113 |
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2014 |
|
Claims against company not acknowledged as debt |
6.051 |
|
Other money for which company is contingently liable |
21.817 |
|
Total |
27.868 |
INDEX OF CHRGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10529445 |
16/10/2014 |
12,500,000.00 |
ANDHRA BANK |
COIMBATORE MAIN
BRANCH, 17, MILL ROAD, COIMBATORE, TAMIL NADU - 641001, INDIA |
C32467029 |
|
2 |
80037926 |
31/05/2013 * |
390,500,000.00 |
BANK OF BARODA
-LEADER |
MAIN BRANCH,
BANK ROAD, COIMBATORE, TAMIL NADU - |
B77262731 |
* Date of Charge Modification
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Electrical Machinery
· Furniture and fixtures
· Vehicles
· Office Equipments
· Computer Equipments
· Library
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.62.14 |
|
|
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
30 |
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.