MIRA INFORM REPORT
|
Report No. : |
330836 |
|
Report Date : |
09.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHIV-NARESH SPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-23, Karampura, New Delhi-110015 |
|
Tel. No.: |
91-11-25421250 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
28.12.1998 |
|
|
|
|
Com. Reg. No.: |
55-097659 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 19.983 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18109DL1998PTC097659 |
|
|
|
|
IEC No.: |
0599017295 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS14101D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS7326L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Supplier and Exporter of Sportswear, Sports Shoes,
Synthetic Track, Sports Kit Bag, Electronic Scoreboard and LED Display
Screen. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 473000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated on 28th December 1998 and it is
having satisfactory track record. Rating take consideration on company sound financial risk profile
marked by its growing scale of operations, improvement in profitability,
capital structure and comfortable debt protection metrics. Rating further take in comfort, promoter experience into sports
industry and company established track record. The ratings are constrained on seasonal demand in the sports good and
fluctuating in raw material prices and intense competition from the local as
well as foreign players. However, trade relations are fair. Business is active. Payments are
reported to be usually correct. In a view sound operational as well financials base, the company can
be considered normal for the business dealings at usual terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Mukesh Kumar |
|
Designation : |
Sales Manager |
|
Contact No.: |
91-11-25421254 |
|
Date : |
06.07.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
E-23, Karampura, New Delhi-110015, India |
|
Tel. No.: |
91-11-25421250/ 51/ 82/ 53/ 54 |
|
Mobile No.: |
91-9891183066 (Mr. Shiv Singh) |
|
Fax No.: |
91-11-25177979/ 47619454 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2 : |
Located at · Badli, New Delhi, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ram Kripal Singh |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
186, SBI Colony, Paschim Vihar, New Delhi-110063, Delhi,
India |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.12.1998 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01114629 |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shiv Parkash Singh |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
186, State Bank Nagar, Paschim Vihar, New Delhi-110063,
Delhi, India |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.12.1998 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01114781 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Deepak Singh |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
186, State Bank Nagar, Paschim Vihar, New Delhi-110063,
Delhi, India |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.12.1998 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
02486325 |
||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Mukesh Kumar |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ram Kripal Singh |
|
196625 |
|
Ram Kripal Singh HUF |
|
196625 |
|
Shiv Prakash Singh |
|
186325 |
|
Shiv Prakash Singh HUF |
|
186325 |
|
Deepak Singh |
|
116800 |
|
Deepak Singh HUF |
|
116800 |
|
Kusum Devi |
|
104000 |
|
Seema Devi |
|
1500 |
|
Ambica Tradeexpo Private Limited |
|
141667 |
|
Neeru Singh |
|
195000 |
|
Ambika Travel Solutions Private Limited |
|
200000 |
|
Ambica Build Trade Limited |
|
100000 |
|
Cozy Infrastructure Private Limited |
|
100000 |
|
Ajay Kaushik |
|
15000 |
|
Vaikunt Infrastructure Private Limited |
|
41667 |
|
United Masonary Private Limited |
|
41667 |
|
Nayar Power Control Private Limited |
|
58333 |
|
Total |
|
1998334 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
34.00 |
|
Directors
or relatives of directors |
66.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier and Exporter of Sportswear, Sports Shoes,
Synthetic Track, Sports Kit Bag, Electronic Scoreboard and LED Display Screen. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Finished Good |
|
Countries : |
· Canada · USA · Australia · West Indies |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· China · Switzerland |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India 23,
Najafgarh Raod, New Delhi - 110015, Delhi, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.B.G and Company Chartered Accountants |
|
Address : |
9, Atta-UR-Rehman Lane, Civillines, Delhi-110054, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAIFS5169E |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Related Party : |
Varna Display Systems Private Limited, India |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1998334 |
Equity Shares |
Rs. 10/- each |
Rs. 19.983
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 |
19.983 |
19.983 |
19.983 |
|
(b) Reserves & Surplus |
145.578 |
123.067 |
112.068 |
|
(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) |
165.561 |
143.050 |
132.051 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.942 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.163 |
0.000 |
|
(c)
Other long term liabilities |
0.959 |
0.859 |
18.928 |
|
(d)
long-term provisions |
7.743 |
54.620 |
97.586 |
|
Total
Non-current Liabilities (3) |
8.702 |
56.584 |
116.514 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
34.901 |
21.898 |
21.978 |
|
(b)
Trade payables |
63.235 |
56.846 |
125.085 |
|
(c)
Other current liabilities |
14.584 |
9.268 |
12.919 |
|
(d)
Short-term provisions |
12.061 |
51.752 |
8.807 |
|
Total
Current Liabilities (4) |
124.781 |
139.764 |
168.789 |
|
|
|
|
|
|
TOTAL |
299.044 |
339.398 |
417.354 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
26.619 |
13.385 |
8.046 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
1.601 |
0.000 |
0.428 |
|
(d) Long-term Loan
and Advances |
15.572 |
6.114 |
6.951 |
|
(e)
Other Non-current assets |
10.043 |
11.805 |
14.709 |
|
Total
Non-Current Assets |
53.835 |
31.304 |
30.134 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
83.921 |
84.575 |
145.073 |
|
(c)
Trade receivables |
89.633 |
159.775 |
196.580 |
|
(d)
Cash and cash equivalents |
31.847 |
34.152 |
12.095 |
|
(e)
Short-term loans and advances |
36.366 |
29.592 |
33.326 |
|
(f)
Other current assets |
3.442 |
0.000 |
0.146 |
|
Total
Current Assets |
245.209 |
308.094 |
387.220 |
|
|
|
|
|
|
TOTAL |
299.044 |
339.398 |
417.354 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
GROSS INCOME |
412.945 |
382.025 |
331.824 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
29.318 |
16.214 |
9.825 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.807 |
5.215 |
3.196 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
22.511 |
10.999 |
6.629 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
93.900 |
82.901 |
76.272 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
116.411 |
93.900 |
82.901 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
9.371 |
NA |
NA |
|
|
TOTAL EARNINGS |
9.371 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.69 |
5.50 |
3.32 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.86 |
4.78 |
2.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.11 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.21 |
0.16 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97 |
2.20 |
2.29 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
19.983 |
19.983 |
19.983 |
|
Reserves & Surplus |
112.068 |
123.067 |
145.578 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
132.051 |
143.050 |
165.561 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.942 |
0.000 |
|
Short term borrowings |
21.978 |
21.898 |
34.901 |
|
Total borrowings |
21.978 |
22.840 |
34.901 |
|
Debt/Equity ratio |
0.166 |
0.160 |
0.211 |
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) |
|
Gross Income |
331.824 |
382.025 |
412.945 |
|
|
|
15.129 |
8.094 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Gross Income |
331.824 |
382.025 |
412.945 |
|
Profit |
6.629 |
10.999 |
22.511 |
|
|
2.00% |
2.88% |
5.45% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
$~9
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ O.M.P. 182/2015, IAs 3541-3543/2015
PUBLIC WORKS DEPARTMENT
..... Petitioner
Through: Mr.Vivek Agarwal, proxy counsel
versus
SHIV NARESH SPORTS PVT. LTD
. ..... Respondent
Through: Mr.Dhirender Yadav, proxy counsel
CORAM:
HON'BLE MR. JUSTICE
V. KAMESWAR RAO
% ORDER
13.05.2015
The Advocates are abstaining from work today.
Re-notify on 28th August, 2015.
V.
KAMESWAR RAO,
J MAY 13, 2015/km
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10571768 |
07/04/2015 |
125,000,000.00 |
YES BANK LIMITED |
NEHRU CENTRE, 9TH
FLOOR, DISCOVERY OF INDIA, DR.A |
C54852553 |
|
2 |
10071561 |
04/10/2014 * |
90,200,000.00 |
STATE BANK OF INDIA |
SME NAJAFGARH ROAD,
NEW DELHI, DELHI, DELHI - 110 |
C29901899 |
|
3 |
90043589 |
11/11/2002 |
6,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, 23 NAJAFGARH ROAD, NEW DELHI, DELHI - 110015, INDIA |
- |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Buyer Credit From SBI |
10.504 |
0.000 |
|
|
|
|
|
Total |
10.504 |
0.000 |
NATURE
OF OPERATIONS
The
company was incorporated on 28th December, 1998 as a private company under the
Companies Act, 1956. The Company is engaged in manufacturing & trading of
sports wears and construction of sports surfaces.
FIXED ASSETS:
Tangible Assets
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
· Office Equipment
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. 63.57 |
|
|
1 |
Rs. 98.22 |
|
Euro |
1 |
Rs. 69.93 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
47 |
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.