MIRA INFORM REPORT
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Report No. : |
308960 |
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Report Date : |
21.02.2015 |
IDENTIFICATION DETAILS
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Name : |
SAHYADRI STARCH AND INDUSTRIES PRIVATE LIMITED (w.e.f 08.01.2003) |
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Formerly known As : |
SAHYADRI STARCH AND AUXI-CHEM INDUSTRIES PRIVATE LIMITED |
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Registered Office : |
1st Floor, Dhiraj Chambers, Harzarimal Somani Marg, Mumbai
- 400001, Maharashtra |
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Country : |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
23.07.1980 |
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Com. Reg. No.: |
11-022885 |
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Capital
Investment / Paid-up Capital : |
Rs.17.875 Millions |
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CIN No.: [Company
Identification No.] |
U24110MH1980PTC022885 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMS37168F |
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PAN No.: [Permanent
Account No.] |
AAFCS8884C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
The company is engaged in manufacturing of Maize Starch, Liquid
Glucose Starch and its derivatives. |
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No. of Employees : |
350 (Approximately) |
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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Maximum Credit Limit : |
USD 977000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. General financial position of the company is sound. 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 |
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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 |
ICRA |
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Rating |
Term loans = BBB+ |
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Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
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Date |
December, 2014 |
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Rating Agency Name |
ICRA |
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Rating |
Fund based limit = A2 |
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Rating Explanation |
Strong degree of safety and carry low credit risk. |
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Date |
December, 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 PARTED BY (GENERAL DETAILS)
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Name : |
Mr. Himanshu |
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Designation : |
Accounts Manager |
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Tel. No.: |
91-22-56337053 |
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Date : |
19.02.2015 |
LOCATIONS
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Registered Office / Factory1 : |
1st Floor, Dhiraj Chambers, Harzarimal Somani Marg, Mumbai -
400001, Maharashtra, |
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Tel. No.: |
91-22-66337055 |
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Mobile No.: |
91-9224768120 (Mr. Himanshu) |
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Fax No.: |
91-22-22089916 |
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E-Mail : |
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Website : |
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Area : |
2500 Sq. ft. |
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Location : |
Owned |
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Administrative Office : |
2nd Floor, Dhiraj Chambers, Hazarimal Somani
Marg, Mumbai - 400 001, |
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Tel. No.: |
91-22-56337053/4/5/22062775 |
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Fax No.: |
91-22-22089916 |
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Factory 2 / Warehouse : |
Plot No. A/6-7-8, Miraj, MIDC, Sangli-416410, |
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Tel. No.: |
91-233-2644991/2/3 |
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Fax No.: |
91-233-264423 |
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Area : |
Approx 6 acres |
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Location : |
Owned |
DIRECTORS
As On 30.09.2014
|
Name : |
Mr. Mahesh Nanji Thakkar |
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Designation : |
Whole Time Director |
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Address : |
Dhiraj Chamber, 9, Hazarimal Somani Marg, Mumbai-400001, |
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Date of Birth/Age : |
01.12.1935 |
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Date of Appointment : |
30.01.2009 |
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DIN No. : |
01022218 |
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Name : |
Mr. Surendra Damji Majithia |
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Designation : |
Whole Time Director |
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Address : |
604, Sargam Society, |
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Date of Birth/Age : |
01.03.1938 |
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Date of Appointment : |
30.01.2009 |
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DIN No. : |
01129349 |
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Name : |
Mr. Ramesh Nanji Thakkar |
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Designation : |
Whole TimeDirector |
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Address : |
Dhiraj Chamber, 9, Hazarimal Somani Marg, Mumbai-400001, |
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Date of Birth/Age : |
21.01.1941 |
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Date of Appointment : |
30.01.2009 |
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DIN No. : |
01022275 |
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Name : |
Mr. Ketan Ramesh Thakkar |
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Designation : |
Whole Time Director |
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Address : |
546, Bhupendra Villa, |
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Date of Birth/Age : |
30.03.1966 |
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Date of Appointment : |
30.01.2009 |
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DIN No. : |
01022080 |
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Name : |
Mr. Vishal Jethmal Majithia |
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Designation : |
Managing Director |
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Address : |
101, Sodha Sadan, 2nd Floor, Road No. 6, Wadala,
Mumbai-4000031, |
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Date of Birth/Age : |
19.02.1975 |
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Date of Appointment : |
30.01.2009 |
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DIN No. : |
00323100 |
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Name : |
Mr. Nimesh Jethmal Majithia |
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Designation : |
Managing Director |
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Address : |
101, Sodha Sadan, 2nd Floor, Road No. 6, Wadala,
Mumbai-4000031, |
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Date of Birth/Age : |
27.09.1976 |
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Date of Appointment : |
30.01.2009 |
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DIN No. : |
00291818 |
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Name : |
Mr. Rohan Mukesh Thakkar |
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Designation : |
Whole Time Director |
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Address : |
17th Floor, |
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Date of Birth/Age : |
15.11.1990 |
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Date of Appointment : |
30.09.2009 |
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DIN No. : |
02734735 |
KEY EXECUTIVES
|
Name : |
Mr. Himanshu Kothari |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.09.2014
SHAREHOLDERS DETAILS FILE ATTACHED
As On 30.09.2014
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The company is engaged in manufacturing of Maize Starch, Liquid
Glucose Starch and its derivatives. |
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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 : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Machinery |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
350 (Approximately) |
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Bankers : |
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Facilities : |
Note : Long-term
Borrowings From Central Bank of India -Sangli. Term Loans: A/c No. 3333452380 loans are Secured Against hypothecation of movable of new machinery and other movable assets. Loans are further guaranteed by some of directors. Loan agreement is executed on 06.01.2014. Loan shall be repayable by 72 equal installments each of Rs.1.383 Million, the first of which shall be paid on 30th day of January 2015, and the second installment on the 28th day of February 2015 and son on till the entire amount of the said loan is repaid in full with interest, costs, charges, expenses etc. and interest thereon at the rate of BR-1.50% per annum with monthly rests. Short-term
borrowings Loan Repayable on Demand 1 From Central Bank of India -Sangli: a) Cash Credit Account b) O. D. Account i) Secured by Hypothecation of Raw Materials, stock-in-process, finished goods and book debts and first charge on specified assets and guaranteed by some of Directors, and carries interest @ BR+1.75%( as per Sanction letter dated 26.09.2013 and last modified on 06.01.2014 ) 2 From BNP Paribas (Bank) Mumbai 3 From Citi Bank : Packing Credit Loan Secured by first charge by way of Equitable mortgage on specific fixed assets as per agreement dated 24.02.2012 and further guaranteed by some of Directors and carries interest @ Libor +2%. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ajmera Ajmera and Associates Chartered Accountants |
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Address : |
2/334, New Sonal Link, Industrial Estate, Link Road, Malad (West), Mumbai-400064, Maharashtra, India |
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Pan No. : |
AAJFA6672P |
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Associates : |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1,787,500 |
Equity Shares |
Rs. 10/- each |
Rs. 17.875
Millions |
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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 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
17.875 |
17.875 |
17.875 |
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(b) Reserves &
Surplus |
323.982 |
298.525 |
301.504 |
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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 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
341.857 |
316.400 |
319.379 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
239.606 |
108.242 |
102.688 |
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(b) Deferred tax
liabilities (Net) |
41.928 |
41.445 |
35.735 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities
(3) |
281.534 |
149.687 |
138.423 |
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(4) Current Liabilities |
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(a) Short term borrowings |
111.245 |
252.819 |
154.196 |
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(b) Trade payables |
61.070 |
52.615 |
36.468 |
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(c) Other current
liabilities |
37.605 |
39.671 |
40.787 |
|
(d) Short-term provisions |
4.887 |
3.137 |
5.193 |
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Total Current Liabilities
(4) |
214.807 |
348.242 |
236.644 |
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TOTAL |
838.198 |
814.329 |
694.446 |
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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 |
398.474 |
314.223 |
286.534 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
1.234 |
49.296 |
33.071 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.018 |
0.018 |
10.018 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.530 |
13.148 |
20.552 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current Assets |
410.256 |
376.685 |
350.175 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
156.854 |
121.834 |
143.194 |
|
(c) Trade receivables |
203.725 |
225.421 |
171.085 |
|
(d) Cash and cash
equivalents |
57.077 |
15.677 |
9.685 |
|
(e) Short-term loans and
advances |
10.286 |
74.712 |
20.307 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
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Total Current Assets |
427.942 |
437.644 |
344.271 |
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TOTAL |
838.198 |
814.329 |
694.446 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
1713.581 |
1596.244 |
1327.916 |
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Other Income |
NA |
NA |
NA |
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TOTAL |
NA |
NA |
NA |
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Less |
EXPENSES |
NA |
NA |
NA |
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PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
72.036 |
41.571 |
92.142 |
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Less/ Add |
DEPRECIATION/ AMORTISATION |
35.827 |
34.103 |
34.261 |
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PROFIT/ (LOSS) BEFORE TAX |
36.209 |
7.468 |
57.881 |
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Less |
TAX |
7.636 |
7.310 |
22.215 |
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PROFIT/ (LOSS) AFTER TAX
|
28.573 |
0.158 |
35.666 |
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Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
262.699 |
279.670 |
252.440 |
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Less |
APPROPRIATIONS |
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Transfer to General
Reserve |
2.857 |
13.991 |
3.242 |
|
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Dividend |
2.681 |
2.681 |
4.469 |
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Excess provision on
dividend |
(0.021) |
0.000 |
0.000 |
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Tax on Dividend |
0.456 |
0.457 |
0.725 |
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Balance Carried to the
B/S |
285.299 |
262.699 |
279.670 |
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EARNINGS IN FOREIGN
CURRENCY |
|
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|
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|
F.O.B. Value of Exports |
258.875 |
190.085 |
151.808 |
|
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TOTAL EARNINGS |
258.875 |
190.085 |
151.808 |
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Earnings / (Loss) Per
Share (Rs.) |
15.98 |
0.09 |
--- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.67 |
0.01 |
2.69 |
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Operating Profit Margin (PBIDT/Sales) |
(%) |
4.20 |
2.60 |
6.94 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
4.33 |
0.98 |
8.89 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.02 |
0.18 |
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|
Debt Equity Ratio (Total Debt /Networth) |
|
1.03 |
1.14 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.99 |
1.26 |
1.45 |
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 |
17.875 |
17.875 |
17.875 |
|
Reserves & Surplus |
301.504 |
298.525 |
323.982 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
319.379 |
316.400 |
341.857 |
|
|
|
|
|
|
long-term borrowings |
102.688 |
108.242 |
239.606 |
|
Short term borrowings |
154.196 |
252.819 |
111.245 |
|
Total borrowings |
256.884 |
361.061 |
350.851 |
|
Debt/Equity ratio |
0.804 |
1.141 |
1.026 |
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 |
1327.916 |
1596.244 |
1713.581 |
|
|
|
20.207 |
7.351 |
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 |
1327.916 |
1596.244 |
1713.581 |
|
Profit |
35.666 |
0.158 |
28.573 |
|
|
2.69% |
0.01% |
1.67% |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Deferred payment liabilities |
10.267 |
10.268 |
|
Intercorporate deposits |
5.148 |
4.880 |
|
Loans and advances from directors |
62.120 |
10.074 |
|
Loans and advances from others |
111.648 |
82.709 |
|
Total |
189.183 |
107.931 |
OPERATIONS AND FUTURE
PROSPECTS
During the year the company achieved a turnover of Rs.1713.581 Millions as against Rs.1596.244 Millions, for the previous year representing a growth of 7.35 % over the previous year. The Net Profit before tax is Rs.36.209 Millions as against Rs.7.468 Millions and after tax is Rs.28.573 Millions as against Profit of Rs.0.158 Million for the previous year. Company's turnover and profitability is reasonably increased. Company expect to maintain its, turnover and profits in the ensuing year as of previous year.
COMPANY'S EXPANSION
PROGRAMME:
Company is continuously updating its manufacturing facilities, with a view to obtain quality products and settle new range of products and product mix, As a result we have been able to face the intense competition, and their products are now well settled in the market and are high in demand. Their products are well accepted in the foreign markets and their exports are steadily increasing. Apart from these efforts we have also been able to reduce their input cost and direct expenses. All these measures maximised their profits which are reflected in their financial statements presented. In order to remove hassle of power shortage and for smooth running of 3MW Steam Turbine Company installed a new boiler of higher capacity in ensuing year and thus we have started to reduce their power cost.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10479908 |
06/01/2014 |
71,200,000.00 |
CENTRAL BANK OF INDIA |
CHANDERMUKHI, NARIMAN POINT, MUMBAI, MAHARASHTRA |
B97333835 |
|
2 |
10358278 |
15/05/2012 |
48,000,000.00 |
CITIBANK N. A. |
1ST FLOOR, PLOT C-61, BLOCK-G,, BANDRA KURLA COMP |
B40663635 |
|
3 |
80020325 |
19/02/2008 * |
40,000,000.00 |
CENTRAL BANK OF INDIA |
C.S.T. NO. 183/1, VAKHAR BAUG, SANGLI, MAHARASHTR |
A33472069 |
|
4 |
80020324 |
06/01/2014 * |
120,000,000.00 |
CENTRAL BANK OF INDIA |
C.S.T. NO. 183/1, VAKHAR BAUG, SANGLI, MAHARASHTR |
B97334122 |
* Date of charge modification
Fixed Assets :
- Land
- Lease Hold
- Free Hold
- Lease Hold for Residence
- Free Hold Residence
- Building
- Factory
- Plant And Machinery
- Furniture And Fixtures
- Laboratory Equipments
- Fire Fighting Equipments
- Computer
- Office Equipments
- Vehicles
- Truck- Tanker
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 records 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.62.25 |
|
|
1 |
Rs.96.01 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
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 |
YES |
|
--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.