MIRA INFORM REPORT
|
Report No. : |
325883 |
|
Report Date : |
08.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHREE TIRUPATI BALAJEE AGRO TRADING COMPANY PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Plot No-192, Sector-1, Pithampur, Dhar – 454775, Madhya Pradesh |
|
Tel. No.: |
Not Available |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
23.10.2001 |
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Com. Reg. No.: |
10-014855 |
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Capital
Investment / Paid-up Capital : |
Rs. 18.158 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U2520MP2001PTC014855 |
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|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLS05580B |
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|
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PAN No.: [Permanent Account No.] |
AAGCS3449G |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
A Company is mainly engaged in the business of Manufacturing of
HDPE/PP Woven Sacks Fabric. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 620000 |
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|
Status : |
Satisfactory |
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Payment Behavior : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was promoted by Mr. Binod Kumar Agrawal in 2001. It is the flagship company of STB Group and is engaged in the
manufacturing of Technical Textiles products. It is an established company having a satisfactory track. Overall financial position of the company seems to be decent. The rating takes into consideration promoter’s experience and
integrated operations of the Shree Tirupati Balajee (STB) group, diversified
clientele and healthy growth prospects for the technical textile industry. Trade relations are reported as fair. Business is active. Payments are
reported to slow but correct. The company can 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 – 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 |
CARE |
|
Rating |
Long Term Bank Facilities= BB+ |
|
Rating Explanation |
Have Inadequate Credit quality and High Credit risk |
|
Date |
26.05.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities+ A4 - |
|
Rating Explanation |
Have Minimal degree of safety and carry very high credit risk. |
|
Date |
26.05.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) 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 DENIED BY
|
Name : |
Mr. Vishnu |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-731-4061957 |
|
Date : |
04.06.2015 |
LOCATIONS
|
Registered Office : |
Plot No-192, Sector-1, Pithampur, Dhar – 454775, Madhya Pradesh, India |
|
Tel. No.: |
91-731-4061957 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Head Office : |
321 / 418 – 421, |
|
Tel. No.: |
91-731-4061957 / 4217400-30 (EPBX) |
|
Fax No.: |
91-731-4069782 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Binod Kumar Agarwal |
|
Designation : |
Whole-time Director |
|
Address : |
203, |
|
Date of Birth/Age : |
04.02.1964 |
|
Date of Appointment : |
29.10.2001 |
|
DIN No.: |
00322536 |
|
PAN No.: |
ACQPA6399C |
|
|
|
|
Name : |
Ms. Sunita Agarwal |
|
Designation : |
Director |
|
Address : |
203, |
|
Date of Birth/Age : |
26.06.1966 |
|
Date of Appointment : |
23.10.2001 |
|
DIN No.: |
00322594 |
|
PAN No.: |
ADAPA0351P |
KEY EXECUTIVES
|
Name : |
Mr. Vishnu |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Sunita Agrawal |
91506 |
|
Pawan Kumar Agrawal |
35 |
|
Binod Kumar Agrawal |
14227 |
|
Surendra Patwa |
63 |
|
Anant Textile Private Limited, Madhya Pradesh, India |
468746 |
|
Jagannath Plastics Private Limited, |
455106 |
|
Anant Textile Private Limited, Madhya Pradesh, India |
49500 |
|
Nageshwar Vinimay Private Limited, Kolkata, West Bengal |
295513 |
|
Honourable Plastics Private Limited, Madhya Pradesh, India |
215000 |
|
Suhana Tradelinks Private Limited, Kolkata, West Bengal |
45455 |
|
Vinita Software Private Limited, |
65000 |
|
Crazy Dealcom Private Limited, Kolkata, West Bengal |
74380 |
|
Haste Vintrade Private Limited, Kolkata, West Bengal |
41322 |
|
Total |
1815853 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
94.17 |
|
Directors or relatives of Directors |
5.83 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
A Company is mainly engaged in the business of Manufacturing of
HDPE/PP Woven Sacks Fabric. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
ABN and Company Chartered Accountants |
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Address : |
223, Milind Manore, 2, RNT Marg, |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFA7738H |
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Memberships : |
--- |
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Collaborators : |
--- |
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Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives : |
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CAPITAL STRUCTURE
AS ON 30.09.2014
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 |
|
|
|
|
|
|
1815853 |
Equity Shares |
Rs.10/- each |
Rs. 18.158 Million |
|
|
|
|
|
ABRIDGED
BALANCE SHEET
FINANCIAL DATA
[all figures are
in Rupees Million]
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
18.158 |
16.875 |
15.966 |
|
(b) Reserves & Surplus |
201.714 |
174.162 |
152.291 |
|
(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) |
219.872 |
191.037 |
168.257 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
81.549 |
43.966 |
47.963 |
|
(b) Deferred tax liabilities (Net) |
6.250 |
5.749 |
6.398 |
|
(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) |
87.799 |
49.715 |
54.361 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
345.322 |
211.075 |
162.711 |
|
(b) Trade
payables |
166.947 |
186.237 |
130.892 |
|
(c) Other
current liabilities |
41.186 |
36.868 |
48.406 |
|
(d) Short-term
provisions |
19.665 |
15.590 |
10.590 |
|
Total Current
Liabilities (4) |
573.120 |
449.770 |
352.599 |
|
|
|
|
|
|
TOTAL |
880.791 |
690.522 |
575.217 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
140.335 |
94.546 |
102.217 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
23.734 |
21.258 |
|
(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 |
9.548 |
3.592 |
2.988 |
|
(e) Other
Non-current assets |
4.121 |
3.838 |
2.803 |
|
Total Non-Current
Assets |
154.004 |
125.710 |
129.266 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
457.619 |
307.991 |
244.213 |
|
(c) Trade
receivables |
161.924 |
172.630 |
114.023 |
|
(d) Cash
and cash equivalents |
25.438 |
23.518 |
14.056 |
|
(e)
Short-term loans and advances |
81.806 |
60.673 |
73.659 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
726.787 |
564.812 |
445.951 |
|
|
|
|
|
|
TOTAL |
880.791 |
690.522 |
575.217 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1606.649 |
1450.064 |
885.165 |
|
|
|
Other Income |
7.419 |
4.114 |
4.334 |
|
|
|
TOTAL |
1614.068 |
1454.178 |
889.499 |
|
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
1607.275 |
1437.446 |
880.410 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.793 |
16.732 |
9.089 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.017 |
3.952 |
5.047 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.776 |
12.780 |
4.042 |
|
|
|
|
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|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
40.527 |
27.747 |
23.705 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
43.303 |
40.527 |
27.747 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
577.773 |
546.420 |
388.923 |
|
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|
|
|
|
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|
|
IMPORTS |
|
|
|
|
|
|
CIF Value of Goods |
18.688 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.53 |
7.04 |
2.23 |
|
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 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
0.17 |
0.88 |
0.46 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.42 |
1.15 |
1.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.77 |
2.51 |
1.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.09 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.94 |
1.34 |
1.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.26 |
1.26 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
15.966 |
16.875 |
18.158 |
|
Reserves & Surplus |
152.291 |
174.162 |
201.714 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
168.257 |
191.037 |
219.872 |
|
|
|
|
|
|
long-term borrowings |
47.963 |
43.966 |
81.549 |
|
Short term borrowings |
162.711 |
211.075 |
345.322 |
|
Total borrowings |
210.674 |
255.041 |
426.871 |
|
Debt/Equity ratio |
1.252 |
1.335 |
1.941 |
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 |
885.165 |
1450.064 |
1606.649 |
|
|
|
63.818 |
10.798 |
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 |
885.165 |
1450.064 |
1606.649 |
|
Profit |
4.042 |
12.780 |
2.776 |
|
|
0.46% |
0.88% |
0.17% |
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 |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
OPERATION:
This was the successful year of company; the performance of the company was remarkably satisfactory. The Directors are taking steps to further enhance the turnover keeping the future goals and developments. The turnover of the company increased from Rs. 1450.064 Million to Rs. 1606.649 Million. The management is working hard to get the optimum benefit of the available resources.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from others |
6.721 |
7.524 |
|
|
|
|
|
Total |
6.721 |
7.524 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10480660 |
29/10/2014 |
120000000 |
Axis Bank Limited |
SME Center, 2nd Floor, Kamal Palace, 1 Yashwant Colony, Y.N. Road, INDORE, Madhya Pradesh - 45200 1, INDIA |
C40155830 |
|
2 |
10473082 |
18/01/2014 |
65000000 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013, INDIA |
B94550241 |
|
3 |
10465504 |
06/12/2013 |
50000000 |
MADHYA PRADESH FINANCIAL CORPORATION |
29, NAVRATAN BAG, OPP ST. PAULS PRIMARY SCHOOL, INDORE, Madhya Pradesh - 452001, INDIA |
B91685826 |
|
4 |
10420962 |
26/03/2013 |
20000000 |
BANK OF INDIA |
R.N.T. ROAD BRANCH, SILVER MALL, RNT ROAD, INDORE, Madhya Pradesh - 452001, INDIA |
B73526899 |
|
5 |
10414017 |
22/03/2013 |
20000000 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
COMMERCE HOUSE, FIRST FLOOR, 7, RACE COURSE ROAD, NEW PALASIA, INDORE, INDORE, Madhya Pradesh - 452001, INDIA |
B71519300 |
|
6 |
10117915 |
31/07/2008 |
7500000 |
BANK OF INDIA |
SANYOGITAGANJ BRANCH, SILVER MALL, RNT MARG, INDORE, Madhya Pradesh - 452001, INDIA |
A43947001 |
|
7 |
10039903 |
27/01/2014 |
462400000 |
Bank of India (Lead Bank) |
R.N.T. Marg Branch,, Silver Mall, R.N.T. Marg, Indore, Madhya Pradesh - 452001, INDIA |
B98294846 |
FIXED ASSETS
- Buildings
- Plant and
Machinery
- Electrical
Machines
- Computers
- Office
Equipment
- Furniture and
Fixture
- Motor Car
- Motor Cycle
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.63.89 |
|
|
1 |
Rs.97.97 |
|
Euro |
1 |
Rs.71.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DDD |
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 |
|
--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 |
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 |
|
46 |
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
unfavorable 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.