1. Summary Information
|
|
|
Country |
|
|
Company Name |
INE-VALUE
CREATORS AND CONSULTANTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Bibireddy Dhanunjaya |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Susarla Kedarnath Sastry |
|
|
|
Registration # |
01-035389 |
|
Street Address |
Plot No. A-14,
Vikrampuri Colony, Secunderabad – 500003, |
||
|
Established Date |
04.10.2000 |
SIC Code |
-- |
|
Telephone# |
91-40-27844431/27844433 |
Business Style 1 |
Supplier |
|
Fax # |
91-40-27844432 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Nicol-g power |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 4,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
11 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
22,073,000 |
Current Liabilities |
12,102,000 |
|
Inventories |
4,603,000 |
Long-term Liabilities |
7,306,000 |
|
Fixed Assets |
3,838,000 |
Other Liabilities |
247,000 |
|
Deferred Assets |
0 |
Total Liabilities |
19,655,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
6,859,000 |
|
|
|
Net Worth |
10,859,000 |
|
Total Assets |
30,514,000 |
Total Liab. & Equity |
30,514,000 |
|
Total Assets (Previous Year) |
28,694,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
66,188,000 |
Net Profit |
1,447,000 |
|
Sales(Previous yr) |
64,006,000 |
Net Profit(Prev.yr) |
(271,000) |
MIRA
INFORM REPORT
|
Report Date : |
25.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
INE-VALUE CREATORS AND CONSULTANTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A-14, Vikrampuri Colony, Secunderabad – 500003, Andhra
Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
04.10.2000 |
|
|
|
|
Com. Reg. No.: |
01-035389 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140AP2000PTC035389 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
HYDI00667C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAALI7543M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Merchants and Traders of Lighting Protection Systems |
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 43000 |
|
|
|
|
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 : |
Plot No. A-14, Vikrampuri Colony, Secunderabad – 500003, |
|
Tel. No.: |
91-40-27844431/27844433 |
|
Fax No.: |
91-40-27844432 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
Located at:
|
DIRECTORS
As On 29.09.2010
|
Name : |
Mr. Bibireddy Dhanunjaya |
|
Designation : |
Director |
|
Address : |
H- No. 01-1-752/2/C, Gandhi Nagar, |
|
Date of Birth/Age : |
28.11.1958 |
|
Qualification : |
Electrical Engineer and MBA |
|
Experience : |
22 Years |
|
Date of Appointment : |
04.10.2000 |
|
Date of Ceasing : |
03.05.2008 |
|
DIN No.: |
00085733 |
|
|
|
|
Name : |
Mr. Susarla Kedarnath Sastry |
|
Designation : |
Director |
|
Address : |
F. No. 307, Srikar Srivasa Apartments Street No. 8, Tarnaka,
Secunderabad – 500017, Andhra Pradesh, India |
|
Date of Birth/Age : |
28.06.1958 |
|
Qualification : |
Electrical Engineer |
|
Experience : |
23 Years |
|
Date of Appointment : |
04.10.2000 |
|
DIN No.: |
00085776 |
|
|
|
|
Name : |
Mr. Ashok Kumar |
|
Designation : |
Director |
|
Qualification : |
Electrical Engineer |
|
Experience : |
36 Years |
|
|
|
|
Name : |
Mr. V. Pandu Ranga Murty |
|
Designation : |
Director |
|
Qualification : |
Post Graduate |
|
Experience : |
30 Years |
|
|
|
|
Name : |
An Dong Gyo Kwan Mo |
|
Designation : |
Director |
|
Address : |
Room # 1102, Build 102, U-MI Apartments, 243, Sejeon Dong, Yeusu
135854, KR |
|
DIN No.: |
01442978 |
|
|
|
|
Name : |
Mr. Daniel D. P. Park |
|
Designation : |
Director |
|
Qualification : |
Post Graduation |
|
Experience : |
20 Years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 29.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
B. Dhanunjaya |
|
175990 |
|
S. K. Sastry |
|
175990 |
|
B. Sucharitha |
|
10 |
|
S L Revathi |
|
10 |
|
Daniel Park |
|
48000 |
|
Total |
|
400000 |
As On 01.02.2011
|
List of Allottees |
|
No. of Shares |
|
K. S. Sastry |
|
105000 |
|
B. Sucharita |
|
105000 |
|
Total |
|
210000 |
As On 29.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Merchants and Traders of Lighting Protection Systems |
GENERAL INFORMATION
|
Customers : |
|
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Nataraja Iyer and Company Chartered Accountant |
|
Address : |
H.No-1-10-126, Ashok Nagar, |
|
Pan No.: |
AABFN5154D |
CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs. 10/- each |
Rs. 4.000
Millions |
|
|
|
|
|
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 |
4.000 |
4.000 |
4.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
6.859 |
5.412 |
5.683 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
10.859 |
9.412 |
9.683 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7.306 |
5.650 |
1.160 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
1.882 |
|
|
TOTAL BORROWING |
7.306 |
5.650 |
3.042 |
|
|
DEFERRED TAX LIABILITIES |
0.247 |
0.243 |
0.198 |
|
|
|
|
|
|
|
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TOTAL |
18.412 |
15.305 |
12.923 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.838 |
3.193 |
2.572 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.603
|
7.246 |
2.084 |
|
|
Sundry Debtors |
12.509
|
12.379 |
5.084 |
|
|
Cash & Bank Balances |
1.525
|
2.195 |
10.767 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
8.039
|
3.681 |
15.732 |
|
Total
Current Assets |
26.676
|
25.501 |
33.667 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.024
|
12.342 |
10.536 |
|
|
Other Current Liabilities |
0.309
|
0.356 |
12.437 |
|
|
Provisions |
0.769
|
0.691 |
0.343 |
|
Total
Current Liabilities |
12.102
|
13.389 |
23.316 |
|
|
Net Current Assets |
14.574
|
12.112 |
10.351 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
18.412 |
15.305 |
12.923 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES AND OTHER
INCOME |
66.188 |
64.006 |
82.301 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials consumed |
33.602 |
40.588 |
58.031 |
|
|
|
Salaries and other benefits to employees |
11.357 |
9.631 |
6.663 |
|
|
|
Administrative, selling and distribution expenses |
17.317 |
12.057 |
10.836 |
|
|
|
TOTAL (B) |
62.276 |
62.276 |
75.530 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.912 |
1.730 |
6.771 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.462 |
1.303 |
1.568 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.450 |
0.427 |
5.203 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.401 |
0.342 |
0.269 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.049 |
0.085 |
4.934 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.602 |
0.356 |
1.183 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
1.447 |
(0.271) |
3.751 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.412 |
5.683 |
1.932 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
6.859 |
5.412 |
5.683 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
6.850 |
33.801 |
51.599 |
|
|
TOTAL EARNINGS |
6.850 |
33.801 |
51.599 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components |
13.995 |
36.899 |
45.798 |
|
|
TOTAL IMPORTS |
13.995 |
36.899 |
45.798 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.62 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.19
|
(0.42) |
4.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.71
|
0.30 |
13.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.01 |
0.51 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.79
|
2.02 |
2.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.20
|
1.90 |
1.44 |
LOCAL AGENCY FURTHER INFORMATION
The Registered Office of the company has been shifted from Plot No. 54,
Kausalya Estate, Surya Nagar, Karkhana, Secunderabad – 500009, Andhra Pradesh,
India to the present address w.e.f 04.05.2006.
OPERATIONS:
The company earned a profit of Rs. 2.049 millions and after deduction of
provision for current tax Rs. 0.599 million deferred tax liability of Rs. 0.003
million leaves a profit of Rs. 1.447 million. By adding this to the brought
forward surplus of Rs. 5.412 millions make a surplus of Rs. 6.859 millions to
be carried forward to the next year.
Form 8:
|
Corporate
identity number of the company |
U74140AP2000PTC035389 |
||||||
|
Name of the
company |
INE-VALUE
CREATORS AND CONSULTANTS PRIVATE LIMITED |
||||||
|
Address of the registered
office or of the principal place of
business in |
Plot No. A 14,
Vikrampuri Colony, Secunderabad – 500003, |
||||||
|
This form is for |
Modification of
charge |
||||||
|
Type of charge |
Book Debts Movable Property |
||||||
|
Particular of
charge holder |
|
||||||
|
Nature of
instrument creating charge |
Letter of
Arrangement Dated 11.03.2010 |
||||||
|
Date of
instrument Creating the charge |
11.03.2010 |
||||||
|
Amount secured by
the charge |
Rs. 15.000
Millions |
||||||
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest
- Interest - 13.75% P.A Terms of
Repayment - Repayable on Demand Margin - As per
the enclosed letter of engagement dated 11.03.2010 Extent and
Operation of the charge - The Charge operates as security inter alia for the
due repayment of the Loan of Rs.15.000 millions together with interest ,
additional interest, liquidated damages, premia on pre repayment, costs,
charges, expenses and all other monies payable by the Company to State Bank
of India in terms of the Letter of Arrangement dated 11.03.2010 entered into
between the Company and State Bank of India. |
||||||
|
Particulars of
the property charged |
Hypothecation of
Stocks and Book Debts |
||||||
|
Particulars of
the present modification |
modification
are reduced from 18.200 Lakhs to
15.000 Lakhs details as follows: (Rs. In millions) Description Totals 1) Cash
Credit 10.000 2) Bank
Guarantee 0.000 3) Letter of
Credit 5.000
______ Total
15.000 |
Fixed Assets:
- Furniture
- Vehicles
- Computers
- Office
equipments
- Test
equipment
AS PER WEBSITE DETAILS
PROFILE:
They are a
Technology based Services organization established on the core management
concept of ‘Deconstruction of value chain’. There organization is a private
limited company formed with Korean participation thus making it an Indo-Korean
joint venture.
There core portfolio
encompasses deconstruction of value chain in the business process cycle, both
through forward and backward integration. With the advent of knowledge economy,
each process of business cycle had transformed into a high knowledge entity
putting severe demands on talent. Consequently, it becomes increasingly
difficult and uneconomical for companies to acquire and retain necessary
talent.
The inevitable
upshot is the "deconstruction of value chain". Under this concept,
each process transforms itself into a company, continuously learning and
excelling in its chosen processes. There will be “R and D Companies”,
“Marketing companies”, “Manufacturing companies”, “Logistics companies” and
“Service companies”. Each of these companies will be excelling in their
respective processes and provide their services globally. Such companies
together will make the total business cycle. The important factor for ensuring
success in this arrangement is to have perfect synergy among companies which
can be achieved by well-written mutual contracts backed up by trust.
At INE-Value
Creators, they specialize in the ‘Services’ nodes of:
Marketing
Engineering
Sales
Turn-key execution of projects and Research and Development
They constantly
search for emerging market opportunities in there chosen technology areas,
develop / assimilate technologies / products / systems and commercialize by
associating with ‘manufacturing companies’ and ‘logistics companies’ to
complete the business process cycle and ensure world class value creation to
all stake holders.
BOARD OF DIRECTORS
B. Dhanunjaya
[Managing Director]
Electrical Engineer
and MBA with 22 years of professional experience
Major experience in
KG Khosla compressors and HBLNIFE power systems
Wide international
experience in Marketing and Sales that includes setting up Joint ventures
abroad
Primary focus on
Marketing and Sales
S.K.Sastry
[Director]
Electrical Engineer
with 23 years of professional experience
Major experience in
BHEL, Hyundai-Korea, Crompton Greaves and HBLNIFE power systems
Wide international
experience that includes Project Management, Engineering, Manufacturing and
Marketing Functions
Good exposure to
running joint ventures abroad in cross-cultural environments
Primary focus on
Organization building and Technology
Ashok Kumar
[Director]
Electrical Engineer
with 36 years of professional experience
Major experience in
ECIL, Coromandal Fertilizers, HBLNIFE power systems
Wide international experience
in Engineering, Sourcing, Supply Chain Management
Primary focus on
Engineering, Materials management, Optimization Techniques
V.Pandu Ranga
Murty [Director]
Post graduate in
Power Systems Engineering from
30 Years of work
experience in Andhra Pradesh electrical utility in different cadres
Worked in various
fields in the electrical utility like Generation plant operations and
maintenance, commissioning of sub-stations and transmission lines, protections
system material management and as chair person for consumer redressal forums
Primary focus on
Distribution Automation System
Korean Director
Mr. Daniel
D.P.Park:
Korean national with
Post Graduation in New Energy Engineering at
Business experience
of more than 20 years in Industrial Power Products
Presently CEO of
"Ener-On Co. Ltd.",
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.44.30 |
|
|
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
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 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.