MIRA INFORM REPORT
|
Report No. : |
309749 |
|
Report Date : |
26.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ACHAL CASHEWS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Phalguni, No-3-27-2223/1, Kadrikambala Road, Mangalore – 575005,
Karnataka |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
Date of
Incorporation : |
29.04.1982 |
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|
|
|
Com. Reg. No.: |
08-004752 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs. 1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01131KA1982PTC004752 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA03001F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA5121E |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Cashew Kernels and cashewnut Shell Liquid |
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|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. The rating takes note of small scale operations of the company
limiting its operational flexibility. The rating is also constrained on account of seasonal line of business
leading to working capital intensive operations during FY 2013-2014. However, trade relations seem to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term rating: BB- |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
February 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
|
Name : |
Mr. Deshpande |
|
Designation : |
AGM in Marketing |
|
Contact No.: |
91-2320-238027 |
|
Date : |
26.02.2015 |
LOCATIONS
|
Registered Office : |
Phalguni, No-3-27-2223/1, Kadrikambala Road, Mangalore – 575005,
Karnataka, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory: |
104/2B, Achal Nagar, Tilari Dam Road Turkewadi Chandgad Taluk, Kolhapur
District – 416507, Maharashtra, India |
|
Tel. No.: |
91-2320-238027/38095 |
|
Fax No.: |
91-2320-238188 |
DIRECTORS
As on 27.09.2014
|
Name : |
Mr. Gurpur Giridhar Prabhu |
|
Designation : |
Managing director |
|
Address : |
Phaguni Kadrikambala Road, Bejai, Mangalore – 575004, Karnataka, India
|
|
Date of Birth/Age : |
04.05.1957 |
|
Date of Appointment : |
29.08.1982 |
|
DIN No.: |
01311617 |
|
Election Commission Identity Card No. : |
KT/17/142/126540 |
|
|
|
|
Name : |
Mr. Gurpur Sadananda Prabhu |
|
Designation : |
Director |
|
Address : |
Deviprasad Compound, Kottara Cross Kapikad, Mangalore – 575004,
Karnataka, India |
|
Date of Birth/Age : |
01.05.1925 |
|
Date of Appointment : |
29.08.1982 |
|
DIN No.: |
01311618 |
|
Election Commission Identity Card No. : |
KT/17/142/126541 |
|
|
|
|
Name : |
Mr. Narasimhadas Pai Mizar |
|
Designation : |
Director |
|
Address : |
Anjanadri 4-3-406/2, Behind SDm Law College, Kodialbail, Mangalore –
575003, Karnataka, India |
|
Date of Birth/Age : |
15.04.1965 |
|
Date of Appointment : |
19.06.2007 |
|
DIN No.: |
01536777 |
|
Election Commission Identity Card No. : |
NUX3208212 |
KEY EXECUTIVES
|
Name : |
Mr. Deshpande |
|
Designation : |
AGM in Marketing |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Gurpur Giridhar Prabhu |
7050 |
70.50 |
|
Archana G Prabhu |
1000 |
10.00 |
|
Achala G Prabhu |
550 |
5.50 |
|
Amitha G Prabhu |
700 |
7.00 |
|
Anuja G Prabhu |
700 |
7.00 |
|
Total |
10000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Exporter and Importer of Cashew Kernels and cashewnut Shell Liquid |
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|
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|
Products : |
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|
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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 : |
Raw Material |
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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 |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailer and End users
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No. of Employees : |
400 (Approximately) |
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Bankers : |
Canara Bank, Gandhinagar Branch, Mangalore, Mangalore -
575003, Karnataka, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
P. Subhash Shenoy Chartered Accountants |
|
Address : |
404, Suprabhath, 4th Floor, Bejai Kapikad, Mangalore – 575004, Karnataka,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABVPS3481R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.100/- each |
Rs. 1.000
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 |
1.000 |
1.000 |
1.000 |
|
(b) Reserves & Surplus |
48.167 |
27.330 |
20.742 |
|
(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) |
49.167 |
28.330 |
21.742 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
15.703 |
2.299 |
3.894 |
|
(b) Deferred tax liabilities (Net) |
2.272 |
0.099 |
0.099 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
17.975 |
2.398 |
3.993 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
72.986 |
94.602 |
61.223 |
|
(b) Trade payables |
7.543 |
0.821 |
2.428 |
|
(c) Other current liabilities |
7.227 |
3.547 |
4.689 |
|
(d) Short-term provisions |
4.885 |
4.267 |
3.148 |
|
Total
Current Liabilities (4) |
92.641 |
103.237 |
71.488 |
|
|
|
|
|
|
TOTAL |
159.783 |
133.965 |
97.223 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
60.898 |
32.083 |
26.971 |
|
(ii) Intangible Assets |
0.037 |
0.035 |
0.059 |
|
(iii) Capital work-in-progress |
1.917 |
5.752 |
1.251 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.062 |
2.399 |
0.960 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
66.914 |
40.269 |
29.241 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
61.178 |
59.897 |
32.190 |
|
(c) Trade receivables |
13.316 |
13.780 |
11.349 |
|
(d) Cash and cash equivalents |
9.347 |
13.443 |
13.141 |
|
(e) Short-term loans and
advances |
9.022 |
6.571 |
10.766 |
|
(f) Other current assets |
0.006 |
0.005 |
0.536 |
|
Total
Current Assets |
92.869 |
93.696 |
67.982 |
|
|
|
|
|
|
TOTAL |
159.783 |
133.965 |
97.223 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
319.953 |
255.826 |
169.889 |
|
|
Other Income |
18.071 |
16.804 |
21.989 |
|
|
TOTAL
(A) |
338.024 |
272.630 |
191.878 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
(B) |
285.701 |
245.312 |
174.248 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
52.323 |
27.318 |
17.630 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.857 |
13.640 |
8.388 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
37.466 |
13.678 |
9.242 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
6.155 |
4.115 |
3.163 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
31.311 |
9.563 |
6.079 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
10.474 |
2.975 |
1.882 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
20.837 |
6.588 |
4.197 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
18.842 |
12.254 |
8.057 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
39.679 |
18.842 |
12.254 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2083.70 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.51 |
2.58 |
2.47 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
16.35 |
10.68 |
10.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.83 |
7.46 |
6.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.64 |
0.34 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.80 |
3.42 |
2.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00 |
0.91 |
0.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
1.000 |
1.000 |
1.000 |
|
Reserves & Surplus |
20.742 |
27.330 |
48.167 |
|
Net
worth |
21.742 |
28.330 |
49.167 |
|
|
|
|
|
|
long-term borrowings |
3.894 |
2.299 |
15.703 |
|
Short term borrowings |
61.223 |
94.602 |
72.986 |
|
Total
borrowings |
65.117 |
96.901 |
88.689 |
|
Debt/Equity
ratio |
2.995 |
3.420 |
1.804 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
169.889 |
255.826 |
319.953 |
|
|
|
50.584 |
25.067 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
169.889 |
255.826 |
319.953 |
|
Profit |
4.197 |
6.588 |
20.837 |
|
|
2.47% |
2.58% |
6.51% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term debt |
5.868 |
2.440 |
3.058
|
|
|
|
|
|
|
Total |
5.868 |
2.440 |
3.058
|
|
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 |
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 |
No |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
FINANCIAL RESULTS:
After providing for Taxes and other necessary provisions and adjustment in respect of Deferred Tax Liability, the Profit for the year is Rs. 20.837 Millions and the credit balance in Profit and Loss Account stands at Rs. 39.680 Millions.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Rupee Loans |
|
|
|
From directors |
16.835 |
20.976 |
|
From members/relatives of directors |
20.495 |
21.129 |
|
Total |
37.330 |
42.105 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10174143 |
29/03/2014 * |
182,100,000.00 |
CANARA BANK |
GANDHINAGAR BRANCH,
MANGALORE, KARNATAKA - 575003, |
C04972246 |
|
2 |
10079643 |
29/06/2007 |
4,500,000.00 |
CANARA BANK |
GANDHI NAGAR, MANGALORE, KARNATAKA - 575003, INDIA |
A28841237 |
|
3 |
90192586 |
31/07/2002 |
160,000.00 |
CANARA BANK |
INDUSTRIAL FINANCE
BRANCH, MANGALORE, KARNATAKA, I |
- |
|
4 |
90191488 |
18/07/1996 * |
26,571,500.00 |
CANARA BANK |
BUNDER, MANGALORE, KARNATAKA, INDIA |
- |
|
5 |
90191265 |
05/07/1994 |
23,979,000.00 |
CANARA BANK |
BUNDER, MANGALORE, KARNATAKA, INDIA |
- |
|
6 |
90191167 |
05/07/1994 * |
79,000.00 |
CANARA BANK |
BUNDER, MANGALORE, KARNATAKA, INDIA |
- |
|
7 |
90191060 |
24/04/1991 * |
660,000.00 |
CANARA BANK |
BUNDER, MANGALORE, KARNATAKA, INDIA |
- |
|
8 |
90190937 |
15/12/1993 * |
18,479,000.00 |
CANARA BANK |
BUNDER, MANGALORE, KARNATAKA, INDIA |
- |
|
9 |
90190839 |
07/05/1992 * |
4,800,000.00 |
CANARA BANK |
BUNDER BRANCH, MANGALORE, KARNATAKA, INDIA |
- |
|
10 |
90190782 |
07/05/1992 * |
11,779,000.00 |
CANARA BANK |
BUNDER, MANGALORE, KARNATAKA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Furniture and Fixtures
- Vehicles
- Office Equipment’s
- Computers and Accessories
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.62.05 |
|
|
1 |
Rs.96.03 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.