1. Summary Information
|
|
|
Country |
|
|
Company Name |
HD FIRE PROTECT
PRIVATE LIMITED |
Principal Name 1 |
Mr. Harish N. Dharamshi |
|
Status |
Good |
Principal Name 2 |
Mr. Narendra V. Dharamshi |
|
|
|
Registration # |
11-107536 |
|
Street Address |
K – 98, |
||
|
Established Date |
24.04.1997 |
SIC Code |
-- |
|
Telephone# |
91-257-2211996/2211876 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-257-2212396 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Deluge Valve |
|
|
# of employees |
Not Available |
Product Name 2 |
Pressure Gauge |
|
Paid up capital |
Rs.12,500,000/- |
Product Name 3 |
Alarm Valve |
|
Shareholders |
Directors or
relatives of Directors - 98.08% Other top fifty shareholders -
1.92% |
Banking |
Union Bank of |
|
Public Limited Corp. |
No |
Business Period |
14 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(54) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
126,965,000 |
Current Liabilities |
80,582,000 |
|
Inventories |
104,211,000 |
Long-term Liabilities |
113,575,000 |
|
Fixed Assets |
60,209,000 |
Other Liabilities |
16,607,000 |
|
Deferred Assets |
0 |
Total Liabilities |
210,764,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
68,121,000 |
|
|
0 |
Net Worth |
80,621,000 |
|
Total Assets |
291,385,000 |
Total Liab. & Equity |
291,385,000 |
|
Total Assets (Previous Year) |
194,871,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Turnover |
454,429,000 |
Net Profit |
24,770,000 |
|
Turnover
(Previous yr) |
386,576,000 |
Net Profit(Prev.yr) |
22,815,000 |
MIRA INFORM
REPORT
|
Report Date : |
06.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
HD FIRE PROTECT PRIVATE LIMITED (w.e.f. 01.04.2005) |
|
|
|
|
Formerly Known As : |
DH FIRE PROTECT PRIVATE LIMITED |
|
|
|
|
Registered Office : |
K – 98, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
24.04.1997 |
|
|
|
|
Com. Reg. No.: |
11-107536 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.12.500 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U29270MH1997PTC107536 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
NSKD01560G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCD0020D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of broad and comprehensive Water and Foam Based Fire
Protection Equipment. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 320000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. Trade
relations are fair. Financial position is satisfactory. Payments are correct
and as per commitment. The company is doing well. It can be considered good for any normal 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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/ Factory : |
K – 98, MIDC, |
|
Tel. No.: |
91-257-2211996/2211876 |
|
Fax No.: |
91-257-2212396 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
C – 3/ 6, The Nandanvan Industrial Estate, LBS Marg, Thane – 400 604, |
|
Tel. No.: |
91-22-25826958/25826793 /
25821354 |
|
Fax No.: |
91-22-25812524/55969049/67969049 |
|
E-Mail : |
|
|
|
|
|
Sales office : |
Pt. Trimita
Wujud Rekanusa, Jl. Gunung Sahari Raya 51/8, |
|
Tel No.: |
91-21-4227632 |
|
E- Mail : |
|
|
|
|
|
Regional Office : |
Located
at
|
|
|
|
|
Overseas Office : |
Located at |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Harish Narshi Dharamshi |
|
Designation : |
Managing Director |
|
Address : |
A – 7, Madhur Milan, Mulund (West), |
|
Date of Birth/Age : |
12.02.1954 |
|
Qualification : |
B.E. (Mech.) |
|
Date of Appointment : |
01.04.2005 |
|
DIN No. : |
00033062 |
|
|
|
|
Name : |
Mr. Narendra Visanji Dharamshi |
|
Designation : |
Chairman |
|
Address : |
A / 20, Madhur Milan, 3rd Floor, Mulund (West), |
|
Date of Birth/Age : |
11.05.1952 |
|
Date of Appointment : |
24.04.1997 |
|
DIN No. : |
00026005 |
|
|
|
|
Name : |
Mr. Sushil Laxmichand Shah |
|
Designation : |
Executive Director |
|
Address : |
Plot No. 32, Ganpati Nagar, Opposite Rotary Hall, Jalgaon 425002, |
|
Date of Birth/Age : |
03.07.1961 |
|
Date of Appointment : |
24.04.1997 |
|
DIN No. : |
00032719 |
|
|
|
|
Name : |
Mr. Miheer Sadanad Ghotikar |
|
Designation : |
Director |
|
Address : |
G-1, Gopal Vishnu Society, 31, |
|
Date of Birth/Age : |
03.10.1981 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No. : |
02865076 |
|
|
|
|
Name : |
Mr. Anik Narendra Dharamhi |
|
Designation : |
Director |
|
Address : |
A/20, Madhur Milan, Dr. Rajendra Prasad Road, Mulund (W), Mumbai – 400080,
Maharashtra, India |
|
Date of Birth/Age : |
25.09.1983 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No. : |
02153409 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Narendra Visanji Dharamshi |
|
5000 |
|
Sushil Laxmichand Shah |
|
5000 |
|
Bharati Sushil Shah |
|
550 |
|
Sushil Shah as a Karta of Sushil Laxmichand Shah HUF |
|
1000 |
|
Hiren Dharmashi as a Karta of Hiren Dharmashi HUF |
|
1400 |
|
Frenal Rishi Lodaya |
|
700 |
|
Harish Narshi Dharamshi |
|
64790 |
|
Kusum Harish Dharamshi |
|
42260 |
|
Ratanbai Narshi Dharamshi and Kusum Harish Dharamshi |
|
100 |
|
Anik Narendra Dharamshi |
|
4000 |
|
Parka Miheer Ghotikar |
|
100 |
|
Miheer Sadanand Ghotikar |
|
100 |
|
Total |
|
125000 |
As On 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
98.08 |
|
Other top fifty shareholders |
1.92 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of broad and comprehensive Water and Foam Based Fire
Protection Equipment. |
|
|
|
|
Products : |
|
PRODUCTION STATUS (As on 31.03.2009)
|
Particulars |
Unit |
|
Installed
Capacity |
Actual
Production |
|
Non Ferrous Casting |
Kgs. |
|
240000 |
124795 |
|
|
|
|
|
|
GENERAL INFORMATION
|
Customers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Secured Loans :
Unsecured Loans :
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
N. Chandulal and Company Chartered Accountants |
|
Address : |
88-94, Big |
|
PAN : |
AAIPSO425R |
|
|
|
|
Name : |
Hitesh Dedhia and Company Chartered Accountants |
|
Address : |
17, |
|
PAN : |
AAIPD7912Q |
CAPITAL STRUCTURE
As On 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125000 |
Equity Shares |
Rs.100/-
each |
Rs.12.500
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
12.500 |
12.500 |
12.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
68.121 |
46.166 |
27.242 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
80.621 |
58.666 |
39.742 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
76.393 |
42.235 |
34.817 |
|
|
2] Unsecured Loans |
37.182 |
31.455 |
31.223 |
|
|
TOTAL BORROWING |
113.575 |
73.690 |
66.040 |
|
|
DEFERRED TAX LIABILITIES |
3.302 |
2.240 |
1.779 |
|
|
|
|
|
|
|
|
TOTAL |
197.498 |
134.596 |
107.561 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
60.209 |
52.114 |
42.242 |
|
|
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 |
104.211
|
53.473
|
43.994
|
|
|
Sundry Debtors |
111.245
|
77.357
|
57.797
|
|
|
Cash & Bank Balances |
2.145
|
2.098
|
1.494
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
13.575
|
9.829
|
8.934
|
|
Total
Current Assets |
231.176
|
142.757
|
112.219 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
67.921
|
41.988
|
32.765
|
|
|
Other Current Liabilities |
12.661
|
6.236
|
5.846
|
|
|
Provisions |
13.305
|
12.051
|
8.289
|
|
Total
Current Liabilities |
93.887
|
60.275
|
46.900 |
|
|
Net Current Assets |
137.289
|
82.482
|
65.319 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
197.498 |
134.596 |
107.561 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
454.429 |
386.576 |
|
|
|
|
Other Income |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
NA |
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
53.229 |
46.410 |
32.729 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.463 |
5.340 |
6.540 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
44.766 |
41.070 |
26.189 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.528 |
6.068 |
5.789 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
37.238 |
35.002 |
20.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
12.468 |
12.187 |
7.128 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
24.770 |
22.815 |
13.272 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
EXPENSES |
|
|
0.266 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
5.826 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
NA |
NA |
|
|
|
|
|
Interim Dividend |
|
|
2.500 |
|
|
|
Proposed Dividend |
|
|
1.250 |
|
|
|
Corporate Dividend Tax |
|
|
0.637 |
|
|
|
Transfer to General Reserve |
|
|
4.000 |
|
|
BALANCE CARRIED
TO THE B/S |
|
|
10.445 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
|
66.189 |
|
|
|
Traded Goods |
|
|
0.467 |
|
|
TOTAL EARNINGS |
116.553 |
104.099 |
66.656 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Traded Goods |
NA |
NA |
29.258 |
|
|
|
Capital Goods |
NA |
NA |
0.000 |
|
|
TOTAL IMPORTS |
NA |
NA |
29.258 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
198.16 |
182.52 |
106.18 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
8.19
|
9.05 |
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.78
|
17.96 |
13.21
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.46
|
0.60 |
0.51
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.57
|
2.28 |
2.84
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.46
|
2.37 |
2.39
|
LOCAL AGENCY FURTHER INFORMATION
PERFORMANCE:
The company in the Fourteenth year of its operation has maintained its
leadership position in the market with robust growth in terms of turnover,
profits, net worth and assets.
The turnover of Rs.454.429 Millions in the current year mark an increase
of 17.55% as compared to the turnover of Rs.386.576 Millions in the previous
year.
Profit before interest, depreciation and tax at Rs.53.230 Millions for
the current year has shown a growth of 14.69% when compared to Rs.46.410
Millions in the previous year.
The Net profit after tax increased by 8.57% to Rs.24.770 Millions in the
current year from Rs.22.815 Millions previous year.
The gross fixed assets increased by Rs.15.306 Millions during the year
Rs.92.119 Millions (previous year – Rs.76.813 millions)
FORM 8:
|
Corporate
identity number of the company |
U29270MH1997PTC107536 |
|
Name of the
company |
HD FIRE PROTECT PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
K – 98, E-Mail : narendra@hdfire.com |
|
This form is for |
Modification of
charge |
|
Charge
identification (ID) number of the charge to be modified |
10094641 |
|
Type of charge |
Immovable
Property Movable Property |
|
Particular of
charge holder |
Small Industries Development Bank of India - 1 and 2,
Dhanalaxmi Residency, Near Hotel Tip Top Plaza, L.B.S. Marg, Thane – 400602,
Maharashtra, India E-Mail: ravikishore@sidbi.in |
|
Nature of
description of the instrument creating or modifying the charge |
As per Agreement |
|
Date of
instrument Creating the charge |
04.02.2011 |
|
Amount secured by
the charge |
Rs.7.500 millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per Agreement Terms of
Repayment As per Agreement Margin As per Agreement Extent and
Operation of the charge As per Agreement Others As per Agreement |
|
Short particulars
of the property charged |
As per Agreement |
|
Date of latest
modification prior to the present modification |
28.10.2011 |
|
Particulars of
the present modification |
Introducing Additional
securities as per First schedule and Second Schedule to Memorandum of Entry. |
FIXED ASSETS:
- MIDC Plot
(Leasehold)
- Administrative
Building
- Plant and
Machinery
- Tools and
Equipments
- Testing and
Handling Equipments
- Tool Room
Machinery
- Electric
Installation
- Office
Equipments
- Furniture and
Fixtures
- Vehicles
- Computers
- Software
WEBSITE DETAILS:
Profile:
Subject is a leading manufacturer of comprehensive range of world-class water and foam based fire protection equipments. As fire protection is more of a passion to them than business, at HD, they constantly try to excel by focusing on quality, innovation and customer satisfaction. This has attracted a remarkable portfolio of committed clients in more than 50 countries across the globe.
For over 20 years, HD products have been tried, tested and successfully accepted worldwide. They have been involved in meeting ever-changing and demanding industry standards, providing a wide range of product line ranging from simple industrial fire suppression to the most complex offshore fire fighting systems. At HD, there goal is to offer there customers fire fighting solutions that meet all requirements and complexities. Therefore they manufacture an extensive range of products, including standard as well as special tailor made systems.
HD production processes are unique combinations of onsite foundry, CNC machine shop, advanced fabrication techniques, modern paint shop and exhaustive test facilities backed by dedicated and experienced design and development engineers. There quality system is ISO 9001:2008 certified, while most of there products are UL Listed, FM Approved or approved by Indian Bureau of Standards.
The organizational philosophy for continuous enhancement in
design, manufacturing, testing and customer service has made HD brand
synonymous with Excellence, Reliability, and Trust
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.51.39 |
|
|
1 |
Rs.80.20 |
|
Euro |
1 |
Rs.68.92 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.