BUSINESS INFORMATION REPORT
1. Summary Information
|
Reference
# |
135-102331-05-020(20110329551) |
Country |
|
|
Company Name |
NEWLOOK
ELECTRONICS CENTRE PRIVATE LIMITED |
Principal Name 1 |
MR. KIRAN VASHDEV WADHWANI |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. VASHDEV JAIRAMDAS WADHWANI |
|
Our Reference # |
137675 |
Registration # |
11-024253 |
|
Street Address |
OFFICE NO.3, APSARA BUILDING, 3RD FLOOR, OPPOSITE INDIAN
OVERSEAS BANK, 7, S.V. ROAD, SANTACRUZ (WEST), MUMBAI – 400 054, MAHARASHTRA |
||
|
Established Date |
16.04.1981 |
SIC Code |
-- |
|
Telephone# |
91-22-26049598 |
Business Style 1 |
TRADER |
|
Fax # |
91-22-26497991 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
ELECTRONIC PRODUCTS |
|
# of employees |
40 |
Product Name 2 |
-- |
|
Paid up capital |
Rs.2,004,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS-99.00% OTHER TOP FIFTY SHAREHOLDERS-1.00% |
Banking |
THE
ZOROASTRIAN CO-OPERATIVE BANK LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
29 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
ASSOCIATES/SUBSIDIARIES
|
-- |
NIKITA INNOVATION AND AGRO VENTURES PRIVATE
LIMITED |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
7,855,000
|
Current Liabilities |
2,396,000
|
|
Inventories |
47,847,000
|
Long-term Liabilities |
46,340,000 |
|
Fixed Assets |
12,018,000 |
Other Liabilities |
2,387,000
|
|
Deferred Assets |
20,000 |
Total Liabilities |
51,123,000 |
|
Invest& other Assets |
533,000 |
Retained Earnings |
15,146,000 |
|
|
|
Net Worth |
17,150,000 |
|
Total Assets |
68,273,000 |
Total Liab. & Equity |
68,273,000 |
|
Total Assets (Previous Year) |
64,810,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Total Income |
198,808,000 |
Net Profit |
861,000 |
|
Total Income (Previous
yr) |
216,087,000 |
Net Profit(Prev.yr) |
2,244,000 |
MIRA
INFORM REPORT
|
Report Date : |
11.04.2011 |
|
|
|
|
Tel. No.: |
91-22-26049598 |
|
Fax No.: |
91-22-26497991 |
IDENTIFICATION DETAILS
|
Name : |
NEWLOOK ELECTRONICS CENTRE PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Office No.3, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
16.04.1981 |
|
|
|
|
Com. Reg. No.: |
11-024253 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U32100MH1981PTC024253 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMN10102B |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACN2132R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trader of Electronic Products [From 2005 they have started reality
business also] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 69000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
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|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct
and as per commitments. 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Office No.3, |
|
Tel. No.: |
91-22-26049598 / 26002191 / 26465305 |
|
Fax No.: |
91-22-26497991 |
|
E-Mail : |
|
|
Area : |
2900 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Located at: Jogeshwari, Mumbai, (Opposite 24 Karat Cinema) |
|
Location : |
Rented |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Kiran Vashdev Wadhwani |
|
Designation : |
Managing Director |
|
Address : |
House No. 3, Jairam Villa, Vallabh Bhai Patel Road, Behind Arya Samaj
Mandir, Santacruz (West), Mumbai – 400 054, Maharashtra, India |
|
Date of Birth/Age : |
20.04.1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.07.1981 |
|
|
|
|
Name : |
Mr. Vashdev Jairamdas Wadhwani |
|
Designation : |
Director |
|
Address : |
House No. 3, Jairam Villa, Vallabh Bhai Patel Road, Behind Arya Samaj
Mandir, Santacruz (West), Mumbai – 400 054, Maharashtra, India |
|
Date of Birth/Age : |
13.09.1936 |
|
Qualification : |
SSC |
|
Date of Appointment : |
01.07.1981 |
|
|
|
|
Name : |
Mrs. Nita Vashdev Wadhwani |
|
Designation : |
Director |
|
Address : |
House No. 3, Jairam Villa, Vallabh Bhai Patel Road, Behind Arya Samaj
Mandir, Santacruz (West), Mumbai – 400 054, Maharashtra, India |
|
Date of Birth/Age : |
14.03.1941 |
|
Qualification : |
BA |
|
Date of Appointment : |
01.07.1981 |
|
|
|
|
Name : |
Mr. Yogendra Vashdev Wadhwani |
|
Designation : |
Director |
|
Address : |
House No. 3, Jairam Villa, Vallabh Bhai Patel Road, Behind Arya Samaj
Mandir, Santacruz (West), Mumbai – 400 054, Maharashtra, India |
|
Date of Birth/Age : |
18.01.1966 |
|
Qualification : |
Bachelor in Architecture |
|
Date of Appointment : |
01.06.1985 |
|
|
|
|
Name : |
Mr. Nitin Wadhwani |
|
Designation : |
Director |
|
Date of Birth/Age : |
69 Years |
|
Qualification : |
Graduate |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Vashdev Wadhwani |
|
3800 |
|
Nita Wadhwani |
|
4000 |
|
Kiran Wadhwani |
|
4900 |
|
Vijaya Wadhwani |
|
1998 |
|
Yogendra Wadhwani |
|
4980 |
|
Vashdev Wadhwani Jointly with Mrs. Nita Wadhwani |
|
200 |
|
Meena Kiran Wadhwani |
|
100 |
|
Master Nikhil Kiran Wadhwani Jointly Mr. Kiran Wadhwani |
|
20 |
|
Master Kunal Kiran Wadhwani Jointly with Mr. Kiran Wadhwani |
|
20 |
|
Jyotsna Yogendra Wadhwani |
|
20 |
|
|
|
1 |
|
Veenabai Jairamdas Wadhwani |
|
1 |
|
Total |
|
20040 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
99.00 |
|
Other
top fifty shareholders |
|
1.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Electronic Products [From 2005 they have started reality
business also] |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Around 40 (Approximately) |
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Bankers : |
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Facilities : |
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Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shyam R. Karmarkar and Company Chartered Accountants |
|
Address : |
B/6, Datta Apartments, |
|
Pan No : |
AACPK7815M |
|
Tel No. : |
91-22-26462541/ 26049664 |
|
Fax No. : |
91-22-26049664 |
|
|
|
|
Associates/Subsidiaries : |
Nikita Innovation and Agro Ventures Private Limited CIN No.: U74999MH1992PTC069084 |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20040 |
Equity Shares |
Rs.100/- each |
Rs.2.004 Millions |
|
|
|
|
|
Of the above:
10020 Equity shares of Rs. 100/- each were allotted as fully
paid Bonus Shares by way of capitalization of reserves.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.004 |
2.004 |
2.004 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
15.146 |
14.284 |
12.040 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
17.150 |
16.288 |
14.044 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
21.827 |
31.068 |
33.492 |
|
|
2] Unsecured Loans |
24.513 |
14.790 |
11.651 |
|
|
TOTAL BORROWING |
46.340 |
45.858 |
45.143 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
63.490 |
62.146 |
59.187 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.018 |
13.846 |
14.264 |
|
|
Capital work-in-progress |
0.000 |
0.000
|
0.000
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.533 |
0.597 |
0.597 |
|
|
DEFERREX TAX ASSETS |
0.020 |
0.094 |
0.078 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
47.847
|
42.268
|
40.005
|
|
|
Sundry Debtors |
4.606
|
4.834
|
3.496
|
|
|
Cash & Bank Balances |
1.071
|
1.028
|
1.255
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
2.178
|
2.143
|
2.249
|
|
Total
Current Assets |
55.702
|
50.273 |
47.005 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.396
|
1.014 |
1.846 |
|
|
Other Current Liabilities |
2.387
|
1.650
|
0.911
|
|
|
Provisions |
0.000
|
0.000
|
0.000
|
|
Total
Current Liabilities |
4.783
|
2.664
|
2.757
|
|
|
Net Current Assets |
50.919
|
47.609
|
44.248
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
63.490 |
62.146 |
59.187 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
|
Income |
198.808 |
216.087 |
203.572 |
|
|
|
Other Income |
|
|
2.619 |
|
|
|
TOTAL (A) |
198.808 |
216.087 |
206.191 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
195.619 |
|
172.289 |
|
|
|
Operating Expenses |
|
|
17.161 |
|
|
|
Payments to and Provisions for Employees |
|
|
3.417 |
|
|
|
Administration and Establishment Expenses |
|
|
5.439 |
|
|
|
Increase/(Decrease) in Finished Goods |
|
|
(0.065) |
|
|
|
TOTAL (B) |
195.619 (including
financial expenses) |
210.610 (including
financial expenses) |
198.241 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
7.950 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
4.109 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.189 |
5.477 |
3.841 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.703 |
1.841 |
1.767 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.486 |
3.636 |
2.074 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.625 |
1.392 |
1.010 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.861 |
2.244 |
1.064 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
42.96 |
111.98 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total
Income |
(%) |
0.43
|
1.04 |
0.52
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
1.02
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.19
|
5.67 |
3.39
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.22 |
0.15
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.98
|
2.98 |
0.20
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
11.65
|
18.87 |
17.05
|
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office of the company has been shifted from 13/14, Jay Kay
Industrial Estate,
FORM: 8
|
Corporate identity
number of the company |
U32100MH1981PTC024253 |
|
Name of the
company |
NEWLOOK
ELECTRONICS CENTRE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Office No.3, |
|
This form is for |
Modification of
charge |
|
Charge
identification (ID) number of the charge to be modified |
90186861 |
|
Type of charge |
Book Debts Movable property |
|
Particular of
charge holder |
The Zoroastrian
Co-operative Bank Limited, Bandra (West) Branch, 9, Pluto Co-operative
Housing Society, E-Mail: zcblco@hathway.com |
|
Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation (I) Additional Limit |
|
Date of
instrument Creating the charge |
22.09.2009 |
|
Amount secured by
the charge |
Rs. 20.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Interest as
determined by the Bank from time to time Terms of
Repayment On Demand Margin As per sanction
terms Extent and
Operation of the charge To secure the cash
credit limit of Rs. 20.000 Millions granted by the Bank to the company Others Nil |
|
Short particulars
of the property charged |
Hypothecation by
way of 1st charge in favour of the bank: 1. Stocks which
shall include all products, goods and all tangible movable machinery and
plant movable property of any kind belonging to the borrower which now or
here in after from time to time during this security shall be brought in,
stored installed or lying loose or be in or about the borrower’s premises or
godowns and / or in transit or with borrower’s agents or wherever else they
be and 2. All book
debts, outstanding receivable by the borrower. |
|
Date of latest
modification prior to the present modification |
19.09.2009 |
|
Name of the company |
NEWLOOK
ELECTRONICS CENTRE PRIVATE LIMITED |
|
Presented By |
The Zoroastrian
Co-operative Bank Limited – Bandra (West) Branch |
|
1) Date and description of instrument creating the change |
Agreement
Relating to Deposit of Title Deeds Dated: 16.05.2005 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.15.000
Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Creation of
Mortgage by deposit of title deeds with the Bank in respect of the Company’s
immovable properties viz. (a) All that piece and parcel of agricultural land
bearing S. No.236/H No.1 of Village Aatgaon, Taluka Shahapur, District Thane
admeasuring 3 Ars or thereabout and bounded as follows: On or towards the
North: S.No. 214/3 On or towards the
South: S.No. 237 On or towards the
East: S.No. 214/4 (part) On or towards the
West: S.No. 214/5 (b) All that
piece and parcel of agricultural land bearing S. No.214/H No.5 of Village
Aatgaon, Taluka Shahapur, District Thane admeasuring 1 Hector 02 Ars or
thereabout and bounded as follows: On or towards the
North: S.No. 214/3 On or towards the
South: S.No. 20 On or towards the
East: S.No. 236 and 237 On or towards the
West: By road (c) All that
piece and parcel of agricultural land bearing S. No.214/H No.4 (part) of
Village Aatgaon, Taluka Shahapur, District Thane admeasuring 3 Ars or
thereabout and bounded as follows: On or towards the
North: S.No. 214/3 On or towards the
South: S.No. 237 On or towards the
East: S.No. 214/4 (part) On or towards the
West: S.No. 214/5 (d) All that
piece and parcel of agricultural land bearing S. No.236/H No.2 of Village
Aatgaon, Taluka Shahapur, District Thane admeasuring 38.5 Ars or thereabout
and bounded as follows: On or towards the
North: S.No. 214/3 On or towards the
South: S.No. 237 On or towards the
East: S.No. 214/4 (part) On or towards the
West: S.No. 214/5 |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The security as
stated in column No.3 above has been mortgage by M/s. Newlook Electronics
Centre Private Limited to the Zoroastrian Co-operative Bank Limited to secure
the Term Loan of Rs.5.000 Millions and Cash Credit Limit of Rs.10.000
Millions aggregating to Rs.15.000 Millions granted by the said Bank to the
company repayable on demand together with interest thereon at the rate of 1%
over Bank’s MLR with minimum of 12% per annum with monthly rests or at such
other rates and rests as may be notified by the Bank from time to time. |
|
5) Name and Address and description of the person entitled to the charge. |
The Zoroastrian
Co-operative Bank Limited, Bandra (West) Branch, 9, Pluto Co-operative
Housing Society, |
|
6) Date and brief description of instrument modifying the charge |
NA |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
NA |
FIXED ASSETS
· Land at Atgaon, Thane (Freehold)
· Building at Atgaon, Thane
· Goodwill
· Plant and Machinery
· Computer Systems
· Motor Car
· Air Conditioner
· Office Equipments
· Furniture and Fixtures
· Scooter
·
Office Premises (
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 records 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.44.04 |
|
|
1 |
Rs.72.20 |
|
Euro |
1 |
Rs.63.40 |
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 |
|
--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 |
|
TOTAL |
|
45 |
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.