MIRA INFORM REPORT
|
Report No. : |
321328 |
|
Report Date : |
09.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
KAILASH SHIPPING SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No: 23, Rajaji Salai, P. T. Lee Chengalvaraya Naicker Maaligai, II
Floor, Chennai – 600001, Tamilnadu |
|
Tel. No.: |
91-44-25246889 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
|
Date of
Incorporation : |
25.10.1985 |
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Com. Reg. No.: |
012326 |
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Capital
Investment / Paid-up Capital : |
Rs.45.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35110TN1985PTC012326 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACK2806R |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of rendering container freight station services, customs house agent, warehousing, transportation and other allied services. |
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|
No. of Employees
: |
140 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 660000 |
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|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. General financial position of the company seems to be sound and healthy.
Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Arvind |
|
Designation : |
General manager |
|
Contact No.: |
91-44-25246889 |
|
Date : |
05.05.2015 |
LOCATIONS
|
Registered Office / Head Office: |
No: 23, Rajaji Salai, P. T. Lee Chengalvaraya Naicker Maaligai, II Floor, Chennai – 600001, Tamilnadu, India |
|
Tel. No.: |
91-44-25246889 / 6890 |
|
Fax No.: |
91-44-2523 2567 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Branch Office 1 : |
No. 43, Kadapakkam Village, Vichur High Road, Manali New
Town, |
|
Tel. No.: |
91-44-6616 0100 |
|
Fax No.: |
91-44-6616 0106 / 0105 |
|
E-Mail : |
|
|
|
|
|
Branch Office 2 : |
A-294, Road No - 6, NH - 8, Mahipalpur, New Delhi - 110 037, India |
|
E-Mail : |
DIRECTORS
AS ON 12.09.2014
|
Name : |
Srisivaprasad Pisipati |
|
Designation : |
Director |
|
Address : |
Unit No. 1001, Block B4, World Spa, Sector - 40, Gurgaon - 122001, Haryana, India |
|
Date of Birth/Age : |
01.03.1967 |
|
Date of Appointment : |
30.07.2014 |
|
DIN No.: |
00024426 |
|
|
|
|
Name : |
Kamal Chilaka |
|
Designation : |
Whole-time director |
|
Address : |
Chilaka House, 234 East Coat Road, Shera Farms,, Kanathur - 603112, Tamilnadu, India |
|
Date of Birth/Age : |
27.04.1974 |
|
Date of Appointment : |
02.08.2000 |
|
DIN No.: |
01890698 |
|
|
|
|
Name : |
Ajay Milhotra Kumar |
|
Designation : |
Director |
|
Address : |
C-8, Defence Colony, New Delhi - 110024, India |
|
Date of Birth/Age : |
24.08.1965 |
|
Date of Appointment : |
30.07.2014 |
|
DIN No.: |
06556815 |
|
|
|
|
Name : |
Arjun Vohra |
|
Designation : |
Director |
|
Address : |
MA 1/4, GD Garden Estate, Gurgaon - 122002, Haryana, India |
|
Date of Birth/Age : |
29.09.1963 |
|
Date of Appointment : |
18.02.2014 |
|
DIN No.: |
06755451 |
KEY EXECUTIVES
|
Name : |
Mr. Arvind |
|
Designation : |
General manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.09.2014
|
Names of Shareholders |
No.
of Shares |
%age
holding |
|
Kamal Chilaka |
150000 |
3.33 |
|
Karthick Chilaka |
150000 |
3.33 |
|
Hymavathi Chilaka |
150000 |
3.33 |
|
Apollo Logisolutions Limited, India |
4050000 |
90.00 |
|
Total |
45,00,000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 12.09.2014
|
Category |
Percentage |
|
Bodies corporate |
90.00 |
|
Directors or relatives of Directors |
10.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of rendering container freight station services, customs house agent, warehousing, transportation and other allied services. |
|
|
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|
Products : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
140 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
B S R & ASSOCIATES Chartered Accountants |
|
Address : |
No. 10, Mahatma Gandhi Road, Nungambakkam, Chennai - 600034 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFB7355D |
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|
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
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Holding company: |
Apollo Logisolutions Limited U63020DL1989PLC174286 |
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|
|
|
Fellow Subsidiary
company : |
Apollo Fiege Integrated Logistics Private Limited U63090DL2012PTC244255 |
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|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives : |
Chilaka Holdings Private Limited U70109TN2011PTC083210 |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,500,000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 Million |
|
500,000 |
Preference Shares |
Rs.10/- each |
Rs.5.000 Million |
|
|
Total |
|
Rs.50.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,500,000 |
Equity Shares |
Rs.10/- each |
Rs.45.000
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 |
45.000 |
45.000 |
50.000 |
|
(b) Reserves &
Surplus |
185.006 |
169.966 |
181.150 |
|
(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) |
230.006 |
214.966 |
231.150 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
24.905 |
8.071 |
17.512 |
|
(b) Deferred tax
liabilities (Net) |
11.663 |
4.217 |
6.813 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
9.134 |
0.900 |
0.435 |
|
Total Non-current
Liabilities (3) |
45.702 |
13.188 |
24.760 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
83.479 |
82.320 |
83.382 |
|
(b) Trade payables |
19.299 |
9.516 |
16.701 |
|
(c) Other current
liabilities |
17.337 |
17.283 |
21.731 |
|
(d) Short-term provisions |
0.494 |
1.733 |
0.171 |
|
Total Current Liabilities
(4) |
120.609 |
110.852 |
121.985 |
|
|
|
|
|
|
TOTAL |
396.317 |
339.006 |
377.895 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
297.471 |
215.019 |
223.637 |
|
(ii) Intangible Assets |
1.301 |
0.517 |
1.669 |
|
(iii) Capital
work-in-progress |
0.000 |
0.808 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.200 |
4.353 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
31.692 |
19.121 |
30.537 |
|
(e) Other Non-current
assets |
0.553 |
0.044 |
0.614 |
|
Total Non-Current Assets |
331.017 |
235.709 |
260.810 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
41.552 |
37.791 |
53.246 |
|
(d) Cash and cash
equivalents |
12.948 |
28.140 |
37.057 |
|
(e) Short-term loans and
advances |
8.212 |
33.385 |
25.948 |
|
(f) Other current assets |
2.588 |
3.981 |
0.834 |
|
Total Current Assets |
65.300 |
103.297 |
117.085 |
|
|
|
|
|
|
TOTAL |
396.317 |
339.006 |
377.895 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
348.794 |
NA |
|
|
Other Income |
|
|
NA |
|
|
TOTAL |
514.808 |
348.794 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
450.928 |
311.785 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
63.880 |
37.009 |
24.688 |
|
|
|
|
|
|
|
Less |
TAX |
20.947 |
20.300 |
11.365 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
42.933 |
16.709 |
13.323 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
96.865 |
114.720 |
101.397 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
4.293 |
1.671 |
0.000 |
|
|
Dividend |
24.000 |
24.000 |
0.000 |
|
|
Tax on Dividend |
3.893 |
3.893 |
0.000 |
|
|
Transfer to Capital
Redemption Reserve |
0.000 |
5.000 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
107.612 |
96.865 |
114.720 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
9.54 |
3.71 |
-- |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
600.000 |
Expected Sales ( 2015-2016 ) : Rs.700.000 Million
The above information has been parted by Mr.Aravind
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
8.34 |
4.79 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.12 |
10.95 |
6.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.17 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.47 |
0.42 |
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.54 |
0.93 |
0.96 |
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 |
50.000 |
45.000 |
45.000 |
|
Reserves & Surplus |
181.150 |
169.966 |
185.006 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
231.150 |
214.966 |
230.006 |
|
|
|
|
|
|
long-term borrowings |
17.512 |
8.071 |
24.905 |
|
Short term borrowings |
83.382 |
82.320 |
83.479 |
|
Total borrowings |
100.894 |
90.391 |
108.384 |
|
Debt/Equity ratio |
0.436 |
0.420 |
0.471 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
|
348.794 |
514.808 |
|
|
|
47.597 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2013 |
31.03.2014 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
|
348.794 |
514.808 |
|
Profit |
|
16.709 |
42.933 |
|
|
|
4.79% |
8.34% |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10549998 |
31/12/2014 |
21,425,775.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
C44023299 |
|
2 |
10508618 |
10/06/2014 |
20,000,000.00 |
KARNATAKA BANK LTD. |
CORPORATE FINANCE BRANCH, K-13 GROUND FLOOR OUTER |
C11010782 |
|
3 |
10507694 |
10/06/2014 * |
99,300,000.00 |
KARNATAKA BANK LTD. |
CORPORATE FINANCE BRANCH, K-13 GROUND FLOOR OUTER |
C11092335 |
|
4 |
10507690 |
07/03/2015 * |
100,000,000.00 |
KARNATAKA BANK LTD. |
K - 13, CORPORATE FINANCE BRANCH,, CONNAUGHT PLAC |
C46644845 |
|
5 |
10251859 |
15/10/2010 |
17,802,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE |
A99982589 |
* Date of charge modification
CHANGE OF OWNERSHIP AND CONTROL
A Share Purchase and Shareholders Agreement dated 18 th March, 2013 has been entered into by and amongst the Company, Apollo Logisolutions Limited, Mr. Kamal Chilaka, Mr. Karthick Chilaka and Mrs. Hymavathi Chilaka, for transfer of 100% equity share capital of the Company held by Mr. Kamal Chilaka, Mr. Karthick Chilaka and Mrs. Hymavathi Chilaka to Apollo Logisolutions Limited in a phased manner. Pursuant to the said Agreement, during the year, Apollo Logisolutions Limited has acquired, 90% equity share capital of the Company in two tranche and accordingly the Company has become subsidiary of Apollo Logisolutions Limited with effect from 7 th May, 2013.
REVIEW OF OPERATIONS
The Company is engaged in the business of rendering container freight station services, customs house agent, warehousing, transportation and other allied services. The operations are dependent on India’s containerized EXIM trade. Between 2000 and 2010, cargo handling capacity at Indian ports has trebled and the overall length of roads & rail-tracks has risen substantially. During the year, revenues from Customs Brokerage increased by 49 % from Rs. 190.422 Million to Rs. 283.931 Million and from Container Freight Station by 40% from Rs. 101.619 Million to Rs. 142.580 Million. The Company handled 28,119 TEU’s with respect to both Imports and Exports.
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.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
50 |
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.