MIRA INFORM REPORT
|
Report No. : |
350169 |
|
Report Date : |
24.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SRI SALASAR BALAJI AGRO TECH PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SALASARBALAJI BUSINESS COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4-3-18/56, 1st Floor, Ambedkar Chowk, Adilabad-504001, Telangana |
|
Tel. No.: |
91-8732-226632/ 226692 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.08.2003 |
|
|
|
|
Com. Reg. No.: |
36-041519 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 85.924 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15143TG2003PTC041519 |
|
|
|
|
IEC No.: |
0904001059 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCS4876Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Raw Cotton and Yarn. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 554000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2003 having
satisfactory track. Profit margin of the company is low. However, net worth base of the
company is satisfactory. General financial position of the company is normal
and acceptable for business dealing. The rating further take into consideration company’s fair liquidity
position and favorable gap between trade payables and trade receivables. Trade relations are reported as fair. Business is active. Payments
terms are reported as slow but correct. The company can be considered normal 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 |
Moderate risk of default. |
|
Date |
November 13, 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
31-03-2015.
LOCATIONS
|
Registered Office |
4-3-18/56, 1st Floor, Ambedker Chowk, Adilabad-504001, Telangana,
India |
|
Tel. No.: |
91-8732-226632/ 226692 |
|
Fax No.: |
91-8732-226132 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office/
Factory1: |
4-2-198/1, Hameedpura Near Maheswari Theatre, Adilabad - 504001 Telangana, India |
|
|
|
|
Factory 2 : |
Processing Unit:
C/O : Sriram Ginning Factory, Mantha Road, Jalna, Maharashtra, India |
|
Tel No. : |
91-248-2230632 |
|
|
|
|
Marketing Office : |
Flat No. 303 Model House, Punjagutta Hyderabad – 500082, Telangana, India |
|
Fax No.: |
91-8732-226132 |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Mahesh Kumar Khetan |
|
Designation : |
Director |
|
Address : |
67-72/1/1, Bhoktapoor, Adilabad – 504 001, Telangana, India |
|
Date of Appointment : |
14.08.2003 |
|
PAN No.: |
AAWPK2620E |
|
DIN No.: |
02133124 |
|
|
|
|
Name : |
Mr. Dheeraj Kumar Khetan |
|
Designation : |
Director |
|
Address : |
67-72/1/1, Bhoktapoor, Adilabad – 504 001, Telangana, India |
|
Date of Appointment : |
14.08.2003 |
|
PAN No.: |
AAWPK2634C |
|
DIN No.: |
02687987 |
|
|
|
|
Name : |
Mr. Vikrant Kumar Khetan |
|
Designation : |
Director |
|
Address : |
67-72/1/1, Bhoktapoor, Adilabad – 504 001, Telangana, India |
|
Date of Appointment : |
14.08.2003 |
|
PAN No.: |
AAWPK2621F |
|
DIN No.: |
03007379 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Mahesh Kumar Khetan |
|
760000 |
|
Dheeraj Kumar Khetan |
|
760000 |
|
Vikrant Kumar Khetan |
|
760000 |
|
Manju Devi Khetan |
|
1600000 |
|
Vidya Devi Khetan |
|
1600000 |
|
Kirti Khetan |
|
1600000 |
|
Deepak Kumar Birolia |
|
920000 |
|
Sujala Finvest Private Limited, India |
|
20000 |
|
Rajiv Mittal |
|
60000 |
|
Baid Stock Broking Services Private Limited – India |
|
100000 |
|
Ravi Duggar |
|
30000 |
|
Munna Lal Baid and Sons (HUF) - Delhi |
|
20000 |
|
Dashmesh Fininvest Company - Delhi Rtgs Recd. |
|
20000 |
|
Multiple Cap-Stock Private Limited - Delhi |
|
60000 |
|
Randhawa Hire Purchase Private Limited – India |
|
80000 |
|
Bijay Singh Sharma |
|
10000 |
|
Supernova Advertising Private Limited |
|
22000 |
|
Akriti Advisory Services Private Limited |
|
20000 |
|
Sa Realties And Developers Private Limited, India |
|
40000 |
|
Sarvottam Advisory Private Limited, India |
|
20000 |
|
Prism Fincon Private Limited, India |
|
50000 |
|
Sunstar Realty Development Private Limited, India |
|
30800 |
|
Avron’s Consultancy Services Private Limited, India |
|
9600 |
|
Total |
|
8592400 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate
(not mentioned above) |
5.49 |
|
Directors or relatives of Directors |
94.51 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Raw Cotton and Yarn. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
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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|
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|
Bankers : |
Lakshmi Vilas Bank Limited, 3-2-29/25, B.C & D, Ground Floor, Sri Dhanalaxmi Lodge Complex, NH 7 Road, Adilabad- 504001, Telangana, India |
||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
MKA Associates Chartered Accountants |
|
Address : |
# 4-3-229/4/2 & 3, Near Brahmamgari Temple, Dwarakanagar, Adilabad – 504001,Telangana, India |
|
Tel. No.: |
91-8732-232220 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFM2660F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates : |
CIN No. : U51311MH2008PTC182455
CIN No. : U74900TG2007PTC054437
CIN No. : U18100TG2000PTC035266 |
|
|
|
|
Enterprises which are
owned, or have Significant influence of or are partners with Key management
personnel and their Relatives : |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,592,400 |
Equity Shares |
Rs.10/- each |
Rs. 85.924
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 |
85.924 |
85.924 |
85.924 |
|
(b) Reserves & Surplus |
108.103 |
84.794 |
73.847 |
|
(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) |
194.027 |
170.718 |
159.771 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
117.315 |
46.700 |
211.800 |
|
(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) |
117.315 |
46.700 |
211.800 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
276.371 |
101.487 |
212.121 |
|
(b) Trade
payables |
345.118 |
165.220 |
167.820 |
|
(c) Other
current liabilities |
70.884 |
9.641 |
2.254 |
|
(d) Short-term
provisions |
0.642 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
693.015 |
276.348 |
382.195 |
|
|
|
|
|
|
TOTAL |
1004.357 |
493.766 |
753.766 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
9.538 |
10.371 |
8.014 |
|
(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 |
0.130 |
0.130 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
17.563 |
2.068 |
1.594 |
|
(e) Other
Non-current assets |
0.000 |
0.424 |
0.727 |
|
Total Non-Current
Assets |
27.231 |
12.993 |
10.335 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.130 |
|
(b)
Inventories |
325.707 |
141.379 |
328.678 |
|
(c) Trade
receivables |
394.220 |
254.999 |
346.536 |
|
(d) Cash
and cash equivalents |
68.604 |
7.260 |
15.827 |
|
(e)
Short-term loans and advances |
133.673 |
37.116 |
20.794 |
|
(f) Other
current assets |
54.922 |
40.019 |
31.466 |
|
Total
Current Assets |
977.126 |
480.773 |
743.431 |
|
|
|
|
|
|
TOTAL |
1004.357 |
493.766 |
753.766 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
11311.630 |
5018.211 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
11275.248 |
5000.514 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
36.382 |
17.697 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
13.073 |
6.750 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
23.309 |
10.947 |
26.974 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
4173.616 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
2.71 |
1.27 |
NA |
|
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 flows from (used in) operation |
(5.220) |
378.151 |
77.703 |
|
Net cash flows from (used in) operating activities |
(11.380) |
373.302 |
159.707 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
0.21 |
0.22 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.62 |
3.59 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.10 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.03 |
0.87 |
2.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41 |
1.74 |
1.95 |
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 |
85.924 |
85.924 |
85.924 |
|
Reserves & Surplus |
73.847 |
84.794 |
108.103 |
|
Net
worth |
159.771 |
170.718 |
194.027 |
|
|
|
|
|
|
long-term borrowings |
211.800 |
46.700 |
117.315 |
|
Short term borrowings |
212.121 |
101.487 |
276.371 |
|
Total
borrowings |
423.921 |
148.187 |
393.686 |
|
Debt/Equity
ratio |
2.653 |
0.868 |
2.029 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
5018.211 |
11311.630 |
|
|
|
125.412 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
5018.211 |
11311.630 |
|
Profit |
10.947 |
23.309 |
|
|
0.22% |
0.21% |
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 |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 two 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 |
OPERATIONS:
During the year the Company has earned gross Income of Rs 11311.630 Million against Rs. 5018.210 Million of the previous year and the Profit after tax of Rs 23.309 Million as against Profit of Rs 10.947 Million of the previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
117.315 |
46.700 |
|
|
|
|
|
Total |
117.315 |
46.700 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10590587 |
23/06/2015 |
500,000,000.00 |
LAKSHMI VILAS BANK LIMITED |
3-2-29/25, B.C & D, Ground Floor, Sri Dhanalaxmi Lodge Complex,
NH 7 Road, Adilabad, Telangana - 504001, INDIA |
C64034234 |
|
2 |
10487537 |
22/12/2009 |
30,000,000.00 |
STATE BANK OF HYDERABAD |
ADILABAD MAIN BRANCH, SHIVAJI CHOWK, HYDERABAD, Andhra Pradesh -
504001, INDIA |
A77172534 |
|
3 |
90126793 |
10/01/2012 * |
2,510,000,000.00 |
STATE BANK OF HYDERABAD |
ADILABAD BRANCH, SHIVAJI CHOWK, ADILABAD, Andhra Pradesh -
504001, INDIA |
B30733166 |
|
4 |
90262420 |
10/02/2004 |
3,000,000.00 |
S.B.H. |
MAIN BRANCH, ADILABAD, Andhra Pradesh, INDIA |
- |
* Date of charge modification
FIXED ASSETS
·
Freehold Land
·
Building
·
Plant and Machinery
·
Other Equipments
·
Computer
·
Furniture and Fixtures
·
Vehicles
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.66.09 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.85 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
43 |
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.