MIRA INFORM REPORT
|
Report No. : |
311075 |
|
Report Date : |
10.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUNNY TREXIM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
204, Acharya Jagdish Chandra Bose Road, Kolkata – 700 017, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.06.1995 |
|
|
|
|
Com. Reg. No.: |
21-072240 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.8.116
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB1995PTC072240 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALS07803F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS6026Q AADCM4939N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in business of export, import and
trading of Cotton, Jute, Bullion, Food Grains and Yarn. |
|
|
|
|
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 252200 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track. Trade relations are
fair. Business is active. Payment terms are reported as slow but correct. 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 |
INDIA RATINGS AND RESEARCH |
|
Rating |
Short Term Loan Fund Based Limits: A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
30.09.2014 |
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 : |
204, Acharya Jagdish Chandra Bose Road, Kolkata – 700 017, West
Bengal, India |
|
Tel. No.: |
91-33-22811219/ 22696853/ 22811220 |
|
Fax No.: |
91-33-22811221 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sanjay Mittal |
|
Designation : |
Director |
|
Address : |
194-A, Manicktalla Main Road, Kolkata – 700 054, West Bengal, India |
|
Date of Birth/Age : |
02.10.1971 |
|
Date of Appointment : |
21.06.1995 |
|
Voter ID No.: |
WB-23-146-060846 |
|
PAN No.: |
ACFPK1826P |
|
DIN No.: |
00498266 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U51909WB1995PTC072240 |
SUNNY TREXIM PRIVATE
LIMITED |
Director |
21/06/1995 |
21/06/1995 |
- |
Active |
NO |
|
2 |
U63040WB1993PTC058169 |
TRIDENT TRAVEL PRIVATE
LIMITED |
Director |
07/04/1999 |
07/04/1999 |
- |
Active |
NO |
|
3 |
U91110MH1921NPL000940 |
COTTON ASSOCIATION OF
INDIA |
Director |
20/12/2013 |
13/07/2006 |
30/12/2014 |
Active |
NO |
|
4 |
U51909WB2013PTC197225 |
AMRIT FIBERS PRIVATE
LIMITED |
Director |
16/09/2013 |
16/09/2013 |
- |
Active |
NO |
|
Name : |
Mr. Vishnu Dass Mittal |
|
Designation : |
Director |
|
Address : |
12, Loudon Street, Kolkata – 700 017, West Bengal, India |
|
Date of Birth/Age : |
04.08.1948 |
|
Date of Appointment : |
21.06.1995 |
|
PAN No.: |
ABCPM0479N |
|
DIN No.: |
00709152 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U51909WB1995PTC072240 |
SUNNY TREXIM PRIVATE
LIMITED |
Director |
21/06/1995 |
21/06/1995 |
- |
Active |
NO |
|
2 |
U63040WB1993PTC058169 |
TRIDENT TRAVEL PRIVATE
LIMITED |
Director |
07/04/1999 |
07/04/1999 |
- |
Active |
NO |
|
3 |
U91110MH1921NPL000940 |
COTTON ASSOCIATION OF INDIA |
Director |
30/12/2014 |
21/12/2007 |
- |
Active |
NO |
|
4 |
U51909WB2013PTC197225 |
AMRIT FIBERS PRIVATE
LIMITED |
Director |
16/09/2013 |
16/09/2013 |
- |
Active |
NO |
|
Name : |
Mr. Sachin Mittal |
|
Designation : |
Director |
|
Address : |
12, Loudon Street, Kolkata – 700 017, West Bengal, India |
|
Date of Birth/Age : |
28.12.1982 |
|
Date of Appointment : |
25.07.2003 |
|
PAN No.: |
AJPPM8792B |
|
DIN No.: |
00709209 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U51909WB1995PTC072240 |
SUNNY TREXIM PRIVATE LIMITED |
Director |
25/07/2003 |
25/07/2003 |
- |
Active |
NO |
|
2 |
U91110MH1921NPL000940 |
COTTON ASSOCIATION OF
INDIA |
Director |
21/12/2012 |
21/01/2010 |
20/12/2013 |
Active |
NO |
|
3 |
U63040WB1993PTC058169 |
TRIDENT TRAVEL PRIVATE
LIMITED |
Director |
01/05/2011 |
01/05/2011 |
- |
Active |
NO |
|
4 |
U51909WB2013PTC197225 |
AMRIT FIBERS PRIVATE
LIMITED |
Director |
16/09/2013 |
16/09/2013 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
Note:
Shareholding details file attached.
AS ON 30.09.2014
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
1.00 |
|
Directors or relatives of Directors |
99.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of export, import and
trading of Cotton, Jute, Bullion, Food Grains and Yarn. |
|
|
|
|
Products : |
|
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|
|
|
Brand Names : |
Not Available |
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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 |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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|
Bankers : |
·
Karnataka Bank Limited, Subham Building, 1st
Floor, Park Street, Kolkata – 700 017, West Bengal, India ·
Standard Chartered Bank, SME Banking, 19, N.S.
Road, Kolkata – 700 001, West Bengal, India · HDFC Bank Limited · State Bank of India · ICICI Bank Limited · Indian Bank |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
R.P. Sharma and Associates Chartered Accountants |
|
Address : |
19-D, Muktaram Babu Street, Kolkata – 700 007, West Bengal, India |
|
Tel. No. : |
91-33-22696853/ 22695348 |
|
PAN
No.: |
AFRPK8735J |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
811630 |
Equity Shares |
Rs.10/- each |
Rs.8.116
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 |
8.116 |
7.004 |
6.439 |
|
(b) Reserves & Surplus |
80.169 |
61.664 |
47.769 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
1.650 |
|
Total
Shareholders’ Funds (1) + (2) |
88.285 |
68.668 |
55.858 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.302 |
0.715 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.016 |
0.000 |
0.031 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.124 |
0.104 |
0.000 |
|
Total Non-current Liabilities
(3) |
0.442 |
0.819 |
0.031 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
142.422 |
150.681 |
127.138 |
|
(b) Trade
payables |
340.893 |
183.755 |
18.092 |
|
(c) Other
current liabilities |
2.470 |
1.709 |
7.513 |
|
(d) Short-term
provisions |
0.186 |
0.236 |
0.885 |
|
Total Current
Liabilities (4) |
485.971 |
336.381 |
153.628 |
|
|
|
|
|
|
TOTAL |
574.698 |
405.868 |
209.517 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
39.369 |
25.709 |
25.692 |
|
(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 |
4.414 |
0.603 |
1.682 |
|
(c) Deferred tax assets (net) |
0.000 |
0.018 |
0.000 |
|
(d) Long-term Loan and Advances |
2.510 |
2.510 |
2.486 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
46.293 |
28.840 |
29.860 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
86.784 |
135.089 |
59.436 |
|
(c) Trade
receivables |
373.822 |
165.548 |
27.758 |
|
(d) Cash and
cash equivalents |
15.444 |
38.875 |
22.009 |
|
(e)
Short-term loans and advances |
52.355 |
37.516 |
70.454 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
528.405 |
377.028 |
179.657 |
|
|
|
|
|
|
TOTAL |
574.698 |
405.868 |
209.517 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
5032.131 |
2858.627 |
3099.940 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
5032.131 |
2858.627 |
3099.940 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
5017.079 |
2844.835 |
3088.371 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE DEPRECIATION, TAX, EXCEPTIONAL AND EXTRAORDINARY ITEM |
15.052 |
13.792 |
11.569 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.480 |
1.830 |
1.683 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX AND EXCEPTIONAL ITEM |
12.572 |
11.962 |
9.886 |
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL
ITEMS |
(0.011) |
(0.766) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX AFTER EXCEPTIONAL ITEM |
12.561 |
11.196 |
9.886 |
|
|
|
|
|
|
|
|
|
|
EXTRA ORDINARY
ITEMS |
0.032 |
(0.051) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
12.593 |
11.145 |
9.886 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.100 |
3.836 |
3.124 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
8.493 |
7.309 |
6.762 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
10.46 |
10.44 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.21 |
2.75 |
4.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.16 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.62 |
2.20 |
2.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09 |
1.12 |
1.17 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Share Capital |
6.439 |
7.004 |
8.116 |
|
Reserves & Surplus |
47.769 |
61.664 |
80.169 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
1.650 |
0.000 |
0.000 |
|
Net worth |
55.858 |
68.668 |
88.285 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.715 |
0.302 |
|
Short Term borrowings |
127.138 |
150.681 |
142.422 |
|
Total borrowings |
127.138 |
151.396 |
142.724 |
|
Debt/Equity ratio |
2.276 |
2.205 |
1.617 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Total Income |
3099.940 |
2858.627 |
5032.131 |
|
|
|
(7.784) |
76.033 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Total Income |
3099.940 |
2858.627 |
5032.131 |
|
Profit |
6.762 |
7.309 |
8.493 |
|
|
0.22% |
0.26% |
0.17% |
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 |
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 |
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE
The registered office of the company has been shifted
from, R. No.813 Marshall House, 33/1, N.S. Road, Kolkata – 700 001, West Bengal
to the present address w.e.f. 01.11.2010.
THE YEAR IN
RETROSPECT:
The Company is engaged in business of export, import and trading of Cotton,
Jute, Bullion, Food Grains and Yarn.
The FY 2013-14 was a challenging year witnessed by lower global economic
growth. The Financial Highlights are as follows:
·
Revenue from operations decreased by 7.01% to
Rs.2852.500 million
·
Exports decreased by 8.04% to Rs.2765.400 million
·
Profit before tax increased by 13.79% to Rs.11.249
million
·
Net Profit increased by 9.65% to Rs.7.414 million
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from directors |
0.226 |
2.171 |
|
Loans and advances from others |
13.253 |
6.922 |
|
Total |
13.479 |
9.093 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10505696 |
14/06/2014 |
329,000,000.00 |
KARNATAKA BANK LIMITED |
KARNATAKA BANK LIMITED,
SUBHAM BUILDING, 1ST FLOOR, PARK STREET, KOLKATA, WEST BENGAL -
700017, INDIA |
C09026782 |
|
2 |
10221164 |
17/01/2014 * |
200,000,000.00 |
STANDARD CHARTERED BANK |
SME BANKING, 19, N S
ROAD, KOLKATA, WEST BENGAL - |
B95640629 |
|
3 |
90248188 |
26/09/2014 * |
840,000,000.00 |
THE FEDERAL BANK LIMITED |
1, R N MUKHERJEE ROAD,
KOLKATA, WEST BENGAL - 700001, INDIA |
C30720825 |
* Date of charge modification
FIXED ASSETS
·
Buildings
·
Plant and Machinery
·
Other Equipment
·
Computer
·
Furniture and Fixtures
·
Vehicle
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.62.62 |
|
|
1 |
Rs.94.39 |
|
Euro |
1 |
Rs.67.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
6 |
|
-- PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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.