MIRA INFORM REPORT
|
Report No. : |
309756 |
|
Report Date : |
28.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
P D SEKHSARIA TRADING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gurudwara Singh Sabha Street, Bathinda – 150001, Punjab |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.09.1987 |
|
|
|
|
Com. Reg. No.: |
16-007679 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.842 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109PB1987PTC007679 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP1720E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in trading of Cotton with exports
comprising majority of its Sales. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 540000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track. The company possesses an acceptable financial profile marked by
adequate networth base supported by equity infusion from its promoters. Further, management has reported a drastic decline in its net
profitability during FY14. However, trade relations seem to be fair. Business is active. Payment
terms are reported as usually correct. In view of experienced promotors, 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities (BBB-) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
February 13, 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.
LOCATIONS
|
Registered Office : |
Gurudwara Singh Sabha Street, Bathinda – 150001, Punjab, India |
|
Tel. No.: |
91-164-2250741 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office
: |
904, Tulsiani Chambers, Nariman Point, Mumbai - 400021, Maharashtra,
India |
|
Tel. No.: |
91-22-40095000 |
|
Fax No.: |
91-22-40095001 |
|
E-Mail : |
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|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
As on: 26.09.2014
|
Name : |
Mr. Jagmohan Parmeshwarlal Sekhsaria |
|
Designation : |
Director |
|
Address : |
Sekhsaria House, 28, Babulnath, Mumbai – 400 007, |
|
Date of Birth/Age : |
10.10.1944 |
|
Date of Appointment : |
23.09.1987 |
|
PAN No.: |
AAWPS1429D |
|
DIN No.: |
00184910 |
|
|
|
|
Name : |
Mr. Alok Jagmohan Sekhsaria |
|
Designation : |
Director |
|
Address : |
Sekhsaria House, 28, Babulnath, Mumbai – 400 007, |
|
Date of Birth/Age : |
31.01.1972 |
|
Date of Appointment : |
04.11.1996 |
|
PAN No.: |
AAPPS8758Q |
|
DIN No.: |
00185081 |
|
|
|
|
Name : |
Mrs. Mayuri Alok Sekhsaria |
|
Designation : |
Director |
|
Address : |
Sekhsaria House, 28, Babulnath, Mumbai – 400 007, |
|
Date of Birth/Age : |
10.08.1977 |
|
Date of Appointment : |
20.05.1998 |
|
DIN No.: |
00185121 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 26.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jagmohan Sekhsaria |
|
7907 |
|
Alok Sekhsaria |
|
23722 |
|
J.P. Sekhsaria – HUF |
|
8054 |
|
Vidya Sekhsaria |
|
15679 |
|
Sekhsaria Polycot Private Limited, India |
|
7907 |
|
Sekhsaria Vidya Jointly with Sekhsaria Alok |
|
27240 |
|
Sekhsaria Jagmohan Jointly with Sekhsaria Alok |
|
7907 |
|
|
|
|
|
Total |
|
98416 |
Equity Share Break up (Percentage of Total Equity)
As on: 26.09.2014
|
Category |
Percentage |
|
Bodies corporate |
8.00 |
|
Directors or relatives of Directors |
92.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in trading of Cotton with exports
comprising majority of its Sales. |
|
|
|
|
Products : |
Cotton. |
|
|
|
|
Brand Names : |
Not Available |
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|
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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 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
Union Bank of India, Mumbai Samachar Marg Branch, 66/80, Mumbai Samachar Marg, Fort, Mumbai - 400023, Maharashtra, India |
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Facilities : |
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Auditors : |
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|
Name : |
Phirodia Bafna and Associates Chartered Accountants |
|
Address : |
304, Sangam Arcade, |
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Tel. No.: |
91-22-26185962/ 63/ 64 |
|
Fax No.: |
91-22-26185967 |
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E-mail Id : |
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PAN No.: |
AAAFP2683E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises over which
key management personal / individuals owning directly or indirectly, an
interest in the voting of the reporting enterprise that
give them control or significant influence over the enterprise : |
CIN No.: U72900MH2000PTC126445
CIN No.: U63023MH2005PTC156126
|
CAPITAL STRUCTURE
As on: 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98416 |
Equity Shares |
Rs.100/- each |
Rs.9.842 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.841 |
5.091 |
2.545 |
|
(b) Reserves & Surplus |
178.694 |
168.928 |
129.714 |
|
(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) |
188.535 |
174.019 |
132.259 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.378 |
0.431 |
0.585 |
|
(c) Other long term liabilities |
43.768 |
40.489 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
44.146 |
40.920 |
0.585 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
674.218 |
642.707 |
31.133 |
|
(b) Trade payables |
41.471 |
161.336 |
60.850 |
|
(c) Other current liabilities |
17.598 |
80.478 |
190.567 |
|
(d) Short-term provisions |
16.121 |
19.929 |
21.535 |
|
Total Current
Liabilities (4) |
749.408 |
904.450 |
304.085 |
|
|
|
|
|
|
TOTAL |
982.089 |
1119.389 |
436.929 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.883 |
4.235 |
4.999 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
20.705 |
20.058 |
18.671 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
24.588 |
24.293 |
23.670 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
52.627 |
55.669 |
33.804 |
|
(b) Inventories |
153.121 |
143.259 |
108.922 |
|
(c) Trade receivables |
413.440 |
657.418 |
17.360 |
|
(d) Cash and cash equivalents |
50.595 |
98.828 |
99.029 |
|
(e) Short-term loans and advances |
287.718 |
139.922 |
154.144 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current
Assets |
957.501 |
1095.096 |
413.259 |
|
|
|
|
|
|
TOTAL |
982.089 |
1119.389 |
436.929 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
31.822 |
58.110 |
65.779 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.844 |
1.004 |
1.170 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
30.978 |
57.106 |
64.609 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.054 |
16.940 |
15.669 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
20.924 |
40.166 |
48.940 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
117.974 |
81.214 |
56.264 |
|
|
|
|
|
|
|
|
|
Add/ Less |
PRIOR YEAR
ADJUSTMENT |
(6.408) |
1.593 |
0.000 |
|
|
|
|
|
|
|
|
|
Add/ Less |
P&L of
Dwarkadas and Company (Patiala Private Limited (Amalgamated) |
0.000 |
0.000 |
(18.990) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.000 |
5.000 |
5.000 |
|
|
BALANCE CARRIED
TO THE B/S |
127.490 |
117.973 |
81.214 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2021.565 |
1971.456 |
1210.014 |
|
|
TOTAL EARNINGS |
2021.565 |
1971.456 |
1210.014 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
213.19 |
789.02 |
1922.78 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.22 |
5.19 |
15.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.33 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.58 |
3.69 |
0.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.21 |
1.36 |
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 |
2.545 |
5.091 |
9.841 |
|
Reserves & Surplus |
129.714 |
168.928 |
178.694 |
|
Net worth |
132.259 |
174.019 |
188.535 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
31.133 |
642.707 |
674.218 |
|
Total borrowings |
31.133 |
642.707 |
674.218 |
|
Debt/Equity ratio |
0.235 |
3.693 |
3.576 |
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 |
No |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NATURE OF OPERATIONS:
Subject was incorporated under the Companies Act 1956 in the
year 1987. The registered office of the company is situated in Bathinda, Punjab
while it has branch Offices in Mumbai, Maharashtra and Hyderabad, Andhra
Pradesh. The company is engaged in trading of Cotton with exports comprising
majority of its Sales. The company is a Government of India Recognized, Star
Export Trading House
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Other loans and advances |
4.172 |
0.000 |
|
Total |
4.172 |
0.000 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10328929 |
18/02/2014 * |
900,000,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH, 66/80,MUMBAI SAMACHAR MARG,FORT,, MUMBAI, MAHARASHTRA -400023, INDIA |
C07537582 |
|
2 |
90178613 |
19/01/2005 |
5,000,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH, 66/80; MUMBAI SAMACHAR MARG; FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
3 |
90178420 |
24/02/2014 * |
100,000,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH,, 66/80, MUMBAI SAMACHAR MARG, FORT,, MUMBAI, MAHARASHTRA - 400023, INDIA |
C00663187 |
|
4 |
90178385 |
03/12/2002 |
2,500,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH, 66/80; MUMBAI SAMACHAR MARG; FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
5 |
90183048 |
15/12/2011 * |
10,000,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH,, 66/80, MUMBAI SAMACHAR MARG, FORT,, MUMBAI, MAHARASHTRA - 400023, INDIA |
B29162831 |
|
6 |
90177849 |
24/02/2014 * |
900,000,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH,, 66/80, MUMBAI SAMACHAR MARG, FORT,, MUMBAI, MAHARASHTRA - 400023, INDIA |
C00659987 |
|
7 |
90179952 |
24/02/2014 * |
750,000,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH,, 66/80, MUMBAI SAMACHAR MARG, FORT,, MUMBAI, MAHARASHTRA - 400023, INDIA |
C00665208 |
|
8 |
90179836 |
13/01/1997 |
16,000,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH, 66/80; MUMBAI SAMACHAR MARG; FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- 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 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.61.79 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
44 |
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.