BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
KHOSLA ELECTRONICS PRIVATE LIMITED |
Principal Name 1 |
Mr. Manoj Khosla |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Manish Khosla |
|
|
|
Registration # |
21-92838 |
|
Street Address |
15/2-B, Sankari Para Road, Bhiwanipor, Kolkota-700 025, West Bengal |
||
|
Established Date |
02.02.2001 |
SIC Code |
|
|
Telephone# |
91-33-24555398 |
Business Style 1 |
Dealer and Trader of Electrical and Domestic Appliances. |
|
Fax # |
91-33-24765133 / 24555398 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Electronics Goods |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.5,800,000
|
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 79.36% |
Banking |
State Bank of India |
|
Public Limited Corp. |
-- |
Business Period |
10 years |
|
IPO |
-- |
International Ins. |
-- |
|
Public |
-- |
Rating |
Ba (45) |
|
|
|||
|
Relation
|
-- |
Company
Name |
-- |
|
Note |
|
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
104,991,000 |
Current Liabilities |
89,743,000 |
|
Inventories |
129,958,000 |
Long-term Liabilities |
122,027,000 |
|
Fixed Assets |
33,820,000 |
Other Liabilities |
591,000 |
|
Deferred Assets |
0 |
Total Liabilities |
212,361,000 |
|
Invest& other Assets |
1,000,000 |
Retained Earnings |
39,108,000 |
|
|
0 |
Net Worth |
57,408,000 |
|
Total Assets |
269,769,000 |
Total Liab. & Equity |
269,769,000 |
|
Total Assets (Previous Year) |
202,472,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
838,970,000 |
Net Profit |
7,023,000 |
|
Sales(Previous yr) |
571,061,000 |
Net Profit(Prev.yr) |
4,028,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
KHOSLA ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
15/2-B, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
02.02.2001 |
|
|
|
|
Com. Reg. No.: |
21-92838 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.800
Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U32109WB2001PTC092838 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CALK02634C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Dealer and Trader of Electrical and Domestic Appliances. |
|
|
|
|
No. of Employees : |
Not Available |
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 229632 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 dealing 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 : |
15/2-B, |
|
Tel. No.: |
91-33-24555398 |
|
Fax No.: |
91-33-24765133 / 24555398 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Manoj Khosla |
|
Designation : |
Director |
|
Address : |
194 B/ 1, |
|
Date of Birth/Age : |
29.09.1963 |
|
Date of Appointment : |
02.02.2001 |
|
|
|
|
Name : |
Mr. Manish Khosla |
|
Designation : |
Director |
|
Address : |
15 / 2B |
|
Date of Birth/Age : |
02.10.1964 |
|
Date of Appointment : |
02.02.2001 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Manoj Khosla |
99500 |
|
Manish Khosla |
209500 |
|
Minod Khosla |
90500 |
|
Rupam Khosla |
90500 |
|
Viran Khosla |
10000 |
|
Fly High Exports Private Limited, Guwahati, India |
8000 |
|
V. Gandhi Fin-Vest Private Limited, Surat, Gujarat, India |
8000 |
|
Yograj Barter Private Limited, Kolkata, West Bengal, India |
4000 |
|
Balaji Indifin Limited, Kolkata, West Bengal, India |
12000 |
|
Nitin Hire Purchase Private Limited, Kolkata, West Bengal, India |
8000 |
|
Vignesh Traders Private Limited, Kolkata, West Bengal, India |
6000 |
|
Sachi Dealcom Private Limited, Kolkata, West Bengal, India |
4000 |
|
Ideal Stockist Private Limited, Kolkata, West Bengal, India |
10000 |
|
Amazing Dealcom Private Limited, Kolkata, West Bengal, India |
14000 |
|
Galaxy Retails Private Limited, Kolkata, West Bengal, India |
14000 |
|
Sanskriti Vintrade Private Limited, Kolkata, West Bengal, India |
8000 |
|
Satabdi Realstate Private Limited, Kolkata, West Bengal, India |
12000 |
|
Amber Vyapaar Private Limited, Kolkata, West Bengal, India |
4800 |
|
Sukhsagar Vyapaar Private Limited, Kolkata, West Bengal, India |
8000 |
|
Vee Pointcommerce Private Limited, Kolkata, West Bengal, India |
4000 |
|
Fancy Commodeal Private Limited, Kolkata, West Bengal, India |
4000 |
|
Jayasri Fiscal Services Private Limited, Kolkata, West Bengal,
India |
1200 |
|
TOTAL |
630000 |
EQUITY SHARE BREAKUP (PERCENTAGE OF TOTAL EQUITY)
AS ON 30.09.2010
|
Names of Shareholders |
Percentage |
|
Bodies corporate |
20.64 |
|
Directors or relatives of directors |
79.36 |
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Trader of Electrical and Domestic Appliances. |
|
|
|
|
Products : |
Electronics Goods |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
Chartered Accountant |
|
Address : |
12 Ho-Chi Minh Sarani, Suite No. 2D to 2F, 2nd Floor,
Kolkatta 70071 |
|
Tel. No.: |
91-33-40035801 |
|
Fax No.: |
91-33-40035832 |
|
E-Mail : |
|
|
|
|
|
Associates/Subsidiaries
: |
Nil |
CAPITAL STRUCTURE
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
700000 |
Equity Shares |
Rs.10/- each |
Rs.7.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
630000 |
Equity Shares |
Rs.10/- each |
Rs.6.300
Millions |
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
700000 |
Equity Shares |
Rs.10/- each |
Rs.7.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
580000 |
Equity Shares |
Rs.10/- each |
Rs.5.800
Millions |
Note:
(Of the above, 2, 50,000 equity shares issued as fully paid up for
consideration other than cash persuant
to take over of business from Khosla Electronics (Garia))
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 |
5.800 |
5.400 |
5.000 |
|
|
2] Share Application Money |
12.500 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
39.108 |
22.565 |
8.937 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
57.408 |
27.965 |
13.937 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
120.613 |
91.009 |
59.986 |
|
|
2] Unsecured Loans |
1.414 |
9.824 |
10.003 |
|
|
TOTAL BORROWING |
122.027 |
100.833 |
69.989 |
|
|
DEFERRED TAX LIABILITIES |
0.591 |
0.277 |
0.112 |
|
|
|
|
|
|
|
|
TOTAL |
180.026 |
129.075 |
84.038 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
33.820 |
22.766 |
10.395 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.000 |
1.000 |
1.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
129.958
|
105.030
|
67.104 |
|
|
Sundry Debtors |
36.467
|
20.164
|
12.197 |
|
|
Cash & Bank Balances |
13.334
|
14.917
|
14.106 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
55.190
|
38.595
|
25.914 |
|
Total
Current Assets |
234.949
|
178.706
|
119.321 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
79.689
|
64.660
|
43.259 |
|
|
Other Current Liabilities |
3.208
|
4.748
|
1.442 |
|
|
Provisions |
6.846
|
3.989
|
1.977 |
|
Total
Current Liabilities |
89.743
|
73.397
|
46.678 |
|
|
Net Current Assets |
145.206
|
105.309
|
72.643 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
180.026 |
129.075 |
84.038 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
838.970 |
571.061 |
465.415 |
|
|
|
Other Income |
0.874 |
1.006 |
4.837 |
|
|
|
TOTAL (A) |
839.844 |
572.067 |
470.252 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
796.980 |
557.119 |
448.565 |
|
|
|
Administrative, Office and Other Expenses |
23.826 |
18.945 |
12.926 |
|
|
|
Selling Expenses |
16.649 |
12.242 |
9.586 |
|
|
|
Increase/(Decrease) in Finished Goods |
(24.928) |
(37.926) |
(15.189) |
|
|
|
TOTAL (B) |
812.527 |
550.380 |
455.888 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
27.317 |
21.687 |
14.364 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.892 |
13.624 |
8.225 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12.425 |
8.063 |
6.139 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.229 |
1.858 |
0.808 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
10.196 |
6.205 |
5.331 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.173 |
2.177 |
1.873 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.023 |
4.028 |
3.458 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.965 |
8.937 |
5.961 |
|
|
|
|
|
|
|
|
|
Less |
Income Tax for
Earlier Year |
0.081 |
0.000 |
(0.482) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
19.907 |
12.965 |
8.937 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.96 |
7.87 |
13.79 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.83
|
0.70
|
0.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.21
|
1.09
|
1.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.79
|
14.40
|
38.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.22
|
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.69
|
6.23
|
8.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.61
|
2.43
|
2.56 |
LOCAL AGENCY FURTHER INFORMATION
Fixed Assets:
·
Leasehold Rights
·
Godown
·
Office Premises
·
Shop
·
Air Conditioner
·
Fan
·
Generator
·
Safe Vault
·
Water Purifier
·
Furniture
·
Electric Installation
·
Motor Car
·
Motor Bike
·
Van
·
Computer
FORM 8
|
Corporate
identity number of the company |
U32109WB2001PTC092838 |
|
Name of the company
|
KHOSLA ELECTRONICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
15/2-B, Sankari Para Road, Bhiwanipor, Kolkota-700 025, West Bengal,
India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
Axis Bank, Corporate Banking Branch, 1 Shakespeare Sarani, AC Market,
3rd Floor, Kolkata 700071, West Bengal, India |
|
Nature of
instrument creating charge |
i), ii) and iii)
Declaration Cum Deed of Confirmation for the Extension of Mortgage |
|
Date of
instrument Creating the charge |
22.02.2011 |
|
Amount secured by
the charge |
Rs. 200.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC: Base Rate + 3.75%
= 12% p.a. payable at monthly rests at present BR is 8.25%, WCDL: Base Rate +
2.75% = 11% p.a. payable at monthly rests at present BR is 8.25%, TL: As per
existing ROI. Terms of repayment Cash Credit
repayable on demand. Term Loan of
Rs.30.000 millions (Existing) : Monthly repayment of Rs.0.500 million each
for 60 months, starting from 30.04.2011 and ending on 31.03.2016. Margin Cash Credit and
Working Capital Demand Loan: Finished Goods: 25%, Book Debts upto 120 days:
30%, Term Loan (Existing):
25%. Extent and operation of the charge Extension of
equitable mortgage over immovable properties of the company. |
|
Short particulars
of the property charged (Including location of the property) |
All the stock in trade
both present and future consisting stock including RMs, SIP, FGs, cash and
other current assets and outstanding, monies receivables, claims and bills
etc. All the movable
Plant and Machinery, Furnitures, Fixture etc both present and future
consisting of movable properties, including of movable fixed assets created
out of the term loan taken from Axis Bank, All that one shop
room measuring about 257 sq. ft. at ground floor of the building at premises
No.33/1B, B.T.Road, P.S.Cossipore,
Ward No.1, Kolkata-700002. All that the
space measuring super built up area of 3558 sq. ft. On the entire 1st floor
of the building known as Puspa Arcade at Mouza-Chandnagore, J.L.No.44,
R.S.No.164, Touzi No.146 comprised in C.S.Dag No. 197, R.S.Dag No.329/ 726
under R.S.Khatian Nos.218 and 252 under Holding No.116, Sodepur Road, (East),
Ward No.7, P.S.Barasat within the jurisdiction of the Madhyamgram
Municipality in the Dist. 24 Pgs (N). All that the
commercial space measuring super built up area of about 1095 sq.ft. at ground
floor of the building at premises No.33/1B, B.T.Road, P.S.Cossipore,
Kolkata-700002. All that peace
and parcel of showroom spaces being-1) Entire 1st floor admeasuring 2356 sq.
ft. of super built area, 2) Demarcated part of ground floor, front side admeasuring
742 sq. ft, 3) Demarcated part of ground floor, back side admeasuring 565 sq.
ft. 4) Lying and situated in the Namely Sacred Heart Tower at 621, Jessore
Road, Kolkata-700028, situated on the land measuring 4 cottahs, 4 chittacks
at Mouza Dumdum House, J.L.No.19, Re Sa No.237, Touza No.1073/2834,
P.S.Dumdum, Pragana-Kalikara, comprised in R.S.Dag No.518, L.R.Dag No.1352,
under R.S.Khatian No.74, L.R.Kh Nos.1313,1258,1666 and 970 ADSRO Cossipore,
Dumdum, with South Dumdum Municipality, Old holding No.1038/A, New Holding
No.228, Jessore Road in Ward No.8, being premises No.621, Jessore Road,
Kolkata-28, Dist.24 Pgs (N). |
|
Date of
instrument modifying the charge |
21.02.2011 |
|
Particulars of
the present modification |
By this modification,
the overall limit has been increased/ realigned/ revised from Rs.170 millions
to Rs.200 millions. Presently, extension of equitable mortgage has been
extended to cover the overall limit are as
under:- Facilities Amount Cash Credit Rs.170.0 millions WCDL Rs. 40.0 millions (Sub
limit of Cash Credit) Term Loan Rs. 30.0 millions Aggregate Limit Rs.200.0 millions Other terms and
condition remain unchanged. |
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.44.05 |
|
|
1 |
Rs.72.40 |
|
Euro |
1 |
Rs.63.46 |
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 |
NO |
|
--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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.