MIRA INFORM REPORT
|
Report No. : |
340453 |
|
Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHRI KRSNA SUDARSHAN URJA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sanghi Building, M. I. Road, Panch Bati, Jaipur – 302001,
Rajasthan |
|
Tel. No.: |
91-141-2374123 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.10.2006 |
|
|
|
|
Com. Reg. No.: |
17-023261 |
|
|
|
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Capital
Investment / Paid-up Capital : |
Rs. 12.447 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200RJ2006PTC023261 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of Industrial equipment. |
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|
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 63000 |
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|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating takes into consideration company's modest networth, increased in short term borrowings and minimal reserves level during FY 2014. However, Trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution. |
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 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Rajan Kumar Sanghi |
|
Designation : |
Director |
|
Contact No.: |
91-9829011491 |
|
Date : |
08.09.2015 |
LOCATIONS
|
Registered Office : |
Sanghi Building, M. I. Road, Panch Bati, Jaipur – 302001,
Rajasthan, India |
|
Tel. No.: |
91-141-2374123/2374151 |
|
Mobile No.: |
91-9829011491 (Mr. Rajan Kumar Sanghi) |
|
Fax No.: |
91-141-2361801 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory : |
E-1271, Sitapura Industrial Area, Jaipur – 302022, Rajasthan, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ajay Kumar Sanghi |
|
Designation : |
Director |
|
Address : |
Sanghi Building, M I Road, Jaipur - 302001, Rajasthan,
India |
|
Date of Birth/Age : |
19.07.1954 |
|
Date of Appointment : |
23.10.2006 |
|
DIN No.: |
00135621 |
|
|
|
|
Name : |
Mr. Rajan Kumar Sanghi |
|
Designation : |
Director |
|
Address : |
Sanghi Gardens, Shreya, Durgapura, Tonk Road, Jaipur -
302018, Rajasthan, India |
|
Date of Birth/Age : |
15.06.1950 |
|
Date of Appointment : |
23.10.2006 |
|
DIN No.: |
00196045 |
|
|
|
|
Name : |
Mr. Shantanu Sanghi |
|
Designation : |
Director |
|
Address : |
Western Indian States Moters,, Panch Bati, M.I. Road,
Jaipur - 302001, Rajasthan, India |
|
Date of Birth/Age : |
07.12.1977 |
|
Date of Appointment : |
23.10.2006 |
|
DIN No.: |
00196333 |
|
Name : |
Mr. Kartik Sanghi |
|
Designation : |
Additional director |
|
Address : |
Sanghi Building, M I Road, Jaipur - 302001, Rajasthan,
India |
|
Date of Appointment : |
09.07.2015 |
|
DIN No.: |
07233288 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajan Kumar Sanghi |
|
17000 |
|
Shantanu Sanghi |
|
50000 |
|
Ajay Sanghi |
|
73700 |
|
Kumkum Sanghi |
|
50000 |
|
Sanghi and Sons Kumar Ajay |
|
50000 |
|
Sanghi Tradings A Investment Private Limited, India |
|
256500 |
|
Sanghi Kumar Rajan |
|
33620 |
|
Sanghi Kumar Ajay |
|
168100 |
|
Shantanu Sanghi |
|
134480 |
|
Kartik Softech Private Limited, India |
|
324720 |
|
Rising Sun Technologies Private Limited, India |
|
86600 |
|
Total |
|
1244720 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
53.65 |
|
Directors or relatives of Directors |
46.35 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial equipment. |
|
|
|
|
Products : |
Industrial equipment |
|
|
|
|
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 : |
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Selling : |
Cash and Credit (30,60,90 Days) |
|
|
|
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Purchasing : |
Cash and Credit (30,60,90 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Larsen and Toubro Limited
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Customers : |
Rajasthan Rajya Vidyut Utpadan Nigam Limited
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No. of Employees : |
100 (Approximately) |
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Bankers : |
Standard Chartered Bank, H-8, Showroom No. 1, Bhagat Bhawan, M.I. Road, Jaipur - 302001, Rajasthan, India
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Facilities : |
(Rs.
In Million)
NOTE: (Term loan from standard chartered bank is secured against equitable mortgage of Plant and Machinery, Misc. Fixed Assets and commercial property owned by Directors and their relatives which is payable in equated monthly installments of Rs.507244 @ interest rate of 13.5% ) Company has generally defaulted in repayment of installments by 2-3 days however there is delay in repayment of Rs. 0.491 Million by 21 days in the Month of April 2013 and for Rs. 0.498 Million by 31 days in the month of Aug. 2013. (In previous year Rs. 0.507 Million delayed deposited by 58 days for the month of Sept. 2012) to the Bank, as at the end of the year, there is no overdue amounts. ( *Cash credit limited taken from HDFC bank is Secured against hypothecation of current assets of the company and by second change on the other fixed assets of the company, personally guaranteed by Directors and M/s Shri Krsna Motors and by way of equitable mortgage of the residential land in the name of Smt. Kumkum Sanghi situated at plot no. S-275, Sanghi Farm, Manaveer Nagar-I, Tonk Road, Jaipur and by equitable mortgage of the land & Building situated at Sitapura in name of Shri Krsna Motors, bears interest rate at base rate plus 1.50% i.e. 11.5%. |
|
Auditors : |
|
|
Name : |
B. Khosla and Company Chartered Accountant |
|
Address : |
206, Anukampa II, M. I. Road, Jaipur – 302001, Rajasthan, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFB1338D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
Entity where key
management personnel or relatives of key management personnel have significant
influence: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1244720 |
Equity Shares |
Rs.10/- each |
Rs. 12.447
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 |
12.447 |
12.447 |
12.447 |
|
(b) Reserves & Surplus |
9.535 |
5.612 |
3.952 |
|
(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) |
21.982 |
18.059 |
16.399 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4.087 |
9.187 |
13.697 |
|
(b) Deferred tax liabilities
(Net) |
0.503 |
0.403 |
0.422 |
|
(c) Other long term
liabilities |
0.157 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
4.747 |
9.590 |
14.119 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
67.368 |
57.840 |
58.917 |
|
(b) Trade payables |
46.746 |
39.365 |
28.223 |
|
(c) Other current liabilities |
9.043 |
10.316 |
8.441 |
|
(d) Short-term provisions |
0.458 |
0.857 |
0.140 |
|
Total
Current Liabilities (4) |
123.615 |
108.378 |
95.721 |
|
|
|
|
|
|
TOTAL |
150.344 |
136.027 |
126.239 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
20.355 |
16.644 |
17.727 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.455 |
0.479 |
0.474 |
|
(e) Other Non-current assets |
2.067 |
0.100 |
2.720 |
|
Total
Non-Current Assets |
22.877 |
17.223 |
20.921 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.001 |
0.001 |
0.004 |
|
(b) Inventories |
21.822 |
24.652 |
56.602 |
|
(c) Trade receivables |
92.495 |
88.684 |
46.487 |
|
(d) Cash and cash equivalents |
3.397 |
2.876 |
0.024 |
|
(e) Short-term loans and
advances |
9.051 |
2.149 |
2.195 |
|
(f) Other current assets |
0.701 |
0.442 |
0.006 |
|
Total
Current Assets |
127.467 |
118.804 |
105.318 |
|
|
|
|
|
|
TOTAL |
150.344 |
136.027 |
126.239 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
338.947 |
218.287 |
122.788 |
|
|
Other Income |
0.334 |
0.284 |
0.719 |
|
|
TOTAL
(A) |
339.281 |
218.571 |
123.507 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
298.250 |
167.348 |
101.486 |
|
|
Purchases |
12.036 |
1.907 |
1.643 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.921) |
28.902 |
0.883 |
|
|
Employees benefits expense |
4.677 |
1.111 |
1.088 |
|
|
Other expenses |
10.786 |
5.174 |
4.273 |
|
|
TOTAL
(B) |
322.828 |
204.442 |
109.373 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
16.453 |
14.129 |
14.134 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.659 |
9.488 |
11.257 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.794 |
4.641 |
2.877 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
2.074 |
2.201 |
2.464 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
5.720 |
2.440 |
0.413 |
|
|
|
|
|
|
|
Less |
TAX (H) |
1.277 |
0.078 |
0.133 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
4.443 |
2.362 |
0.280 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.612 |
3.952 |
3.672 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
10.055 |
6.314 |
3.952 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.15 |
1.33 |
0.22 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
5.125 |
4.510 |
3.944 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.31 |
1.08 |
0.23 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.85 |
6.47 |
11.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.80 |
1.79 |
0.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.14 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.48 |
3.96 |
4.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
1.10 |
1.10 |
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 |
12.447 |
12.447 |
12.447 |
|
Reserves & Surplus |
3.952 |
5.612 |
9.535 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
16.399 |
18.059 |
21.982 |
|
|
|
|
|
|
long-term borrowings |
13.697 |
9.187 |
4.087 |
|
Short term borrowings |
58.917 |
57.840 |
67.368 |
|
Current maturities of
long-term debts |
3.944 |
4.510 |
5.125 |
|
Total
borrowings |
76.558 |
71.537 |
76.580 |
|
Debt/Equity
ratio |
4.668 |
3.961 |
3.484 |
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 |
122.788 |
218.287 |
338.947 |
|
|
|
77.776 |
55.276 |
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 |
122.788 |
218.287 |
338.947 |
|
Profit |
0.280 |
2.362 |
4.443 |
|
|
0.23% |
1.08% |
1.31% |
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 |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Repayable on demand From Related Parties |
27.537 |
24.383 |
|
Total |
27.537 |
24.383 |
|
Note: (Unsecured loans taken from the related parties are interest free and repayable on demand) |
||
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10495851 |
09/02/2015 * |
150,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C50578855 |
|
2 |
10190533 |
01/12/2009 |
197,500,000.00 |
STANDARD CHARTERED BANK |
H-8, SHOWROOM NO.1, BHAGWAT BHAWAN, M. I. ROAD, J |
A75413922 |
|
3 |
10052439 |
12/05/2008 * |
30,000,000.00 |
STANDARD CHARTERED BANK |
SME, H-8, SHOWROOM NO. 1,, BHAGWAT BHAWAN, M.I. R |
A38934519 |
* Date of charge modification
FIXED ASSETS
- Building
- Plant and Machinery
- Furniture and Fixture
- Vehicles
- Office Equipments
- Electrical Fittings
- Electrical Equipments
- Tools Dies and Fixtures
- Computers
- Mobile 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 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.66.61 |
|
UK Pound |
1 |
Rs.102.30 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.