MIRA INFORM REPORT
|
Report No. : |
331468 |
|
Report Date : |
14.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRIMEX INDUSTRIES PRIVATE LIMITED (w.e.f. 16.05.1995) |
|
|
|
|
Formerly Known
As : |
TRIMEX AGENCIES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
|
|
Tel. No.: |
91-44-24988822 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.12.1984 |
|
|
|
|
Com. Reg. No.: |
18-011398 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 119.511 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52321TN1984PTC011398 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in mining and selling of industrial minerals such
as barite, iron ore and dolomite. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 10th December 1984, it is an
established company having moderate track. The rating on Trimex Industries Private Limited (TIPL) continue to
reflect TIPL’s established presence in mining of industrial minerals and its
comfortable financial risk profile, marked by strong capital structure and
debt protection metrics. Further rating take consideration company’s established track record
of its business operation, sound net worth position and extensive experienced
of its promoters. These rating strengths are partially offset by the company’s exposure
to regulatory risks in the mining industry, susceptibility of TIPL’s
operating margin to adverse movements in prices of its products and political
policies from Government. However, trade relation are fair. Business is active. Payment terms
are reported to be slow but correct. In view of long track record of business backed by extensive
experience of its promoters, the company can be considered for business
dealings with some cautions. |
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Bank Facilities = BB |
|
Rating Explanation |
Inadequate-credit-quality and high credit risk. |
|
Date |
July 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Bank Facilities = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
July 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 DENIED
Management non co-operative (Tel No.: 91-44-24988822)
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-44-24988822 |
|
Fax No.: |
Not Available |
|
E-Mail : |
susan@trimexgroup.com |
|
Website : |
|
|
|
|
|
Overseas Office : |
Trimex UAE Tel No.:+971 4 883 554 Fax No.:+971 4 883 6410 E-Mail: info@trimexgroup.com Trimex Indonesia Fax No.:+62 21 5793 705 E-Mail: indo@trimexgroup.com Trimex Hongkong E-Mail: trimexhk@trimexgroup.com Trimex Singapore Straits Trading Building, Singapore-049910 Tel No.: +65 6325 0161 Fax No.: +65 6221 3767 E-mail: info@trimexgroup.com
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Satya Krishna Agarwal |
|
Designation : |
Director |
|
Address : |
C-25, |
|
Date of Birth/Age : |
27.03.1934 |
|
Date of Appointment : |
17.07.1995 |
|
DIN NO.: |
00999171 |
|
|
|
|
Name : |
Mr. Thati Venkataswamy Chowdary |
|
Designation : |
Director |
|
Address : |
T V Chowdary, B 27, Madhurangar, Hyderabad-500038, |
|
Date of Birth/Age : |
01.06.1943 |
|
Date of Appointment : |
03.10.2001 |
|
DIN No.: |
00010435 |
|
|
|
|
Name : |
Mrs. Vimaladevi Koneru |
|
Designation : |
Whole Time Director |
|
Address : |
10, Crescent Avenue, K.P. Puram, Chennai-600028, |
|
Date of Birth/Age : |
17.12.1951 |
|
Date of Appointment : |
31.10.1996 |
|
DIN No.: |
00038008 |
|
|
|
|
Name : |
Mr. Pradeep Koneru |
|
Designation : |
Whole Time Director |
|
Address : |
10, |
|
Date of Birth/Age : |
21.08.1977 |
|
Date of Appointment : |
31.05.2000 |
|
DIN No.: |
00058587 |
KEY EXECUTIVES
|
Name : |
S Saimathy |
|
Designation : |
Secretary |
|
Address : |
No. 16, I Floor, Srinivasa Street, Postal Nagar, Chrompet, Chennai –
600044, Tamilnadu, India |
|
Date of Birth/Age : |
28.01.1975 |
|
Date of Appointment : |
12.02.2014 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
K. Vimaladevi |
|
5876333 |
|
Prashant Koneru |
|
2977600 |
|
Pradeep Koneru |
|
3053933 |
|
Sivanand Athmanathan |
|
500 |
|
V Ramprakash |
|
500 |
|
Sunkavalli Lakshmi Narasimha Sirisha |
|
500 |
|
Venkanna Choudhary Sunkavalli |
|
500 |
|
K. Chandra Sekar |
|
500 |
|
Mohan Raghavan |
|
300 |
|
Sathyanarayan Reddy Elaganti |
|
500 |
|
Venkat Reddy Elganti |
|
500 |
|
Sri Hari Rao Tatineni |
|
1000 |
|
K.R. Annamalai |
|
1000 |
|
Madhva Investment And Finance Company Private Limited, India |
|
1000 |
|
Nikky finance Investments Private Limited, India |
|
7000 |
|
Chitra Aiyar |
|
500 |
|
Jayathi S. Mani |
|
500 |
|
Kolli Durga Prasad |
|
1000 |
|
Inayythullah Khan |
|
1000 |
|
Naveen Voruganti |
|
1000 |
|
IMC Limited |
|
16700 |
|
Bhanji Mamu Sanghar |
|
1000 |
|
Malini Devdas |
|
400 |
|
Chitturi Subba Rao Choudhari |
|
2000 |
|
Sachinkumar Shetty |
|
1800 |
|
Gadde Srinivasa Rao |
|
1500 |
|
N. Sarathchandra |
|
500 |
|
Ullattil Bharat Raj |
|
500 |
|
G Nageswara Rao |
|
500 |
|
Lalitha Koduri |
|
500 |
|
|
|
|
|
Total |
|
11951066 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
0.20 |
|
Directors or relatives of Directors |
99.63 |
|
Other top fifty shareholders |
0.17 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in mining and selling of industrial minerals such
as barite, iron ore and dolomite. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Customers : |
Not Divulged
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
B Purushottam and Company Chartered Accountant |
|
Address : |
Flat No. 3-D, “Pioneer Homes”, 23/A, |
|
Tel. No.: |
91-44-28152515/ 42013486 |
|
Fax No.: |
91-44-42013485 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Fellow Subsidiary company : |
|
|
|
|
|
Subsidiary company : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs. 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11951066 |
Equity Shares |
Rs.10/- each |
Rs. 119.511
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 |
119.511 |
119.511 |
119.511 |
|
(b) Reserves & Surplus |
1364.442 |
1148.505 |
663.886 |
|
(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) |
1483.953 |
1268.016 |
783.397 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
200.537 |
277.364 |
386.420 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
200.537 |
277.364 |
386.420 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
447.704 |
403.984 |
488.794 |
|
(b) Trade
payables |
88.643 |
249.530 |
139.526 |
|
(c) Other
current liabilities |
118.093 |
95.658 |
211.342 |
|
(d) Short-term
provisions |
168.519 |
120.520 |
1.398 |
|
Total Current
Liabilities (4) |
822.959 |
869.692 |
841.060 |
|
|
|
|
|
|
TOTAL |
2507.449 |
2415.072 |
2010.877 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
194.146 |
109.208 |
103.193 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
75.743 |
97.167 |
65.746 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1132.918 |
1007.293 |
762.951 |
|
(c) Deferred tax assets (net) |
2.226 |
1.028 |
125.152 |
|
(d) Long-term Loan and Advances |
33.816 |
27.212 |
56.119 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1438.849 |
1241.908 |
1113.161 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
117.631 |
233.018 |
192.234 |
|
(c) Trade
receivables |
459.031 |
289.003 |
118.116 |
|
(d) Cash
and cash equivalents |
125.343 |
300.130 |
157.539 |
|
(e) Short-term
loans and advances |
361.293 |
347.029 |
425.035 |
|
(f) Other
current assets |
5.302 |
3.984 |
4.792 |
|
Total
Current Assets |
1068.600 |
1173.164 |
897.716 |
|
|
|
|
|
|
TOTAL |
2507.449 |
2415.072 |
2010.877 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
2240.828 |
2986.273 |
1371.402 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating and Administrative Expenses |
1779.973 |
2085.429 |
|
|
|
|
TOTAL |
1779.973 |
2085.429 |
888.343 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
460.855 |
900.844 |
483.059 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
121.156 |
141.290 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
339.699 |
759.554 |
483.059 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.460 |
13.390 |
181.718 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
327.239 |
746.164 |
301.341 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
111.302 |
242.424 |
-3.165 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
215.937 |
503.740 |
304.506 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.06 |
42.15 |
25.47 |
|
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) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
9.64
|
16.87 |
22.20 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Total Income) |
(%) |
20.56
|
69.83 |
35.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.24 |
56.98 |
28.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.59 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.44 |
0.54 |
1.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.35 |
1.07 |
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 |
119.511 |
119.511 |
119.511 |
|
Reserves & Surplus |
663.886 |
1148.505 |
1364.442 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
783.397 |
1268.016 |
1483.953 |
|
|
|
|
|
|
long-term borrowings |
386.420 |
277.364 |
200.537 |
|
Short term borrowings |
488.794 |
403.984 |
447.704 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
875.214 |
681.348 |
648.241 |
|
Debt/Equity
ratio |
1.117 |
0.537 |
0.437 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1371.402 |
2986.273 |
2240.828 |
|
|
|
117.753 |
-24.962 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1371.402 |
2986.273 |
2240.828 |
|
Profit |
304.506 |
503.740 |
215.937 |
|
|
22.20% |
16.87% |
9.64% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
----- |
|
33 |
Market information |
----- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Rupee term loans from banks |
52.497 |
62.469 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Loans repayable on demand from banks |
50.035 |
100.144 |
|
Intercorporate borrowings |
53.834 |
54.569 |
|
Total |
156.366 |
217.182 |
|
|
|
|
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10511349 |
14/07/2014 |
21,481,200.00 |
L & T FINANCE LIMITED |
L&T HOUSE, BALLARD ESTATE, MUMBAI, Maharashtra - 400001, INDIA |
C13903935 |
|
2 |
90287186 |
31/03/2011 * |
1,504,500,000.00 |
State Bank of India |
Overseas Branch, No.86. Rajaji Salai, Chennai, Tamil Nadu - 600001, INDIA |
B10779072 |
* Date of charge modification
FIXED ASSETS
- Land
- Factory
Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- 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, India Prisons Service,
Interpol, etc.
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. 63.47 |
|
UK Pound |
1 |
Rs. 98.47 |
|
Euro |
1 |
Rs. 70.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
36 |
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.