. Summary Information
|
|
|
Country |
|
|
Company Name |
Desai Electronics Private Limited |
Principal Name 1 |
Mr. Dhananjay Shripad Kamlapurkar |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Vikram Manubhai Desai |
|
|
|
Registration # |
11-024206 |
|
Street Address |
Gate No. 553, |
||
|
Established Date |
07.04.1981 |
SIC Code |
-- |
|
Telephone# |
91-20-24384254 / 257 / 25654553 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-20-25654273 / 24384523 |
Business Style 2 |
Electrical Capacitors |
|
Homepage |
Product Name 1 |
Plastic Film Capacitors |
|
|
# of employees |
199 Approximately |
Product Name 2 |
Automatic Power Factor |
|
Paid up capital |
Rs.10,730,000/- |
Product Name 3 |
Panel Metallised Capacitors Films |
|
Shareholders |
Bodies corporate (12.30%) Directors or relatives of
directors (87.70%) |
Banking |
State Bank Of |
|
Public Limited Corp. |
-- |
Business Period |
30 Years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
|
Desai Engineering Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
60,348,000 |
Current Liabilities |
57,266,000 |
|
Inventories |
51,512,000 |
Long-term Liabilities |
96,125,000 |
|
Fixed Assets |
125,301,000 |
Other Liabilities |
4,806,000 |
|
Deferred Assets |
000 |
Total Liabilities |
158,197,000 |
|
Invest& other Assets |
5,687,000 |
Retained Earnings |
73,921,000 |
|
|
|
Net Worth |
84,651,000 |
|
Total Assets |
242,848,000 |
Total Liab. & Equity |
242,848,000 |
|
Total Assets (Previous Year) |
217,696,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
274,124,000 |
Net Profit |
21,745,000 |
|
Sales(Previous yr) |
173,671,000 |
Net Profit(Prev.yr) |
352,000 |
MIRA INFORM
REPORT
|
Report Date : |
04.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
DESAI ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gate No. 553, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation
: |
07.04.1981 |
|
|
|
|
Com. Reg. No.: |
11-24206 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.730 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109PN1981PTC024206 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNED03642C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD6448G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Electrical Capacitors. |
|
|
|
|
No. of Employees
: |
199 Approximately |
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 340000 |
|
|
|
|
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 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/ Factory : |
Gate No. 553, |
|
Tel. No.: |
91-20-24384254 / 257 / 25654553 |
|
Fax No.: |
91-20-25654273 / 24384523 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
870/5, |
|
Tel. No.: |
91-20-25654553 / 4 |
|
Fax No.: |
91-20-25654273 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
12/3, |
|
Tel. No.: |
91-20-26123873 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
51, Jay Chambers, Ghorpade Peth, Pune – 411 042, |
|
Tel. No.: |
91-20-24472148 |
|
Fax No.: |
91-20-24474791 |
|
|
|
|
Factory 2 : |
553, |
|
Tel. No.: |
91-20-4384254/257 |
DIRECTORS
As on 25.09.2010
|
Name : |
Mr. Dhananjay Shripad Kamlapurkar |
|
Designation : |
Director |
|
Address : |
Plot No. 427,
Mahatma Hosusing Society, Kothrud, Pune – 411 038, |
|
Date of Birth/Age : |
10.04.1946 |
|
Date of Appointment : |
15.04.1982 |
|
DIN No. : |
00234964 |
|
|
|
|
Name : |
Mr. Vikram Manubhai Desai |
|
Designation : |
Director |
|
Address : |
12/3, |
|
Date of Birth/Age : |
11.08.1947 |
|
Date of Appointment : |
07.04.1981 |
|
DIN No. : |
00370992 |
|
|
|
|
Name : |
Mrs. Smita Vikram Desai |
|
Designation : |
Director |
|
Address : |
12/3, |
|
Date of Birth/Age : |
17.10.1951 |
|
Date of Appointment : |
20.10.1990 |
|
DIN No. : |
00371024 |
|
|
|
|
Name : |
Mr. Suchdeo Surendrasing P. |
|
Designation : |
Director |
|
Address : |
45/35, |
|
Date of Birth/Age : |
29.09.1943 |
|
Date of Appointment : |
06.09.1985 |
|
DIN No. : |
00371090 |
|
|
|
|
Name : |
Mr. Jaydev
Muldevbhai Naik |
|
Designation : |
Director |
|
Address : |
C-502, |
|
Date of Birth/Age : |
23.12.1951 |
|
Date of Appointment : |
15.01.2009 |
|
Date of Ceasing : |
16.10.2009 |
|
DIN No. : |
00911446 |
|
|
|
|
Name : |
Mr. Vinayak B. Bapat |
|
Designation : |
Director |
|
Address : |
1949, Sadashiv
Peth, Madivale Colony, Pune – 411030, |
|
Date of Birth/Age : |
17.10.1951 |
|
Date of Appointment : |
01.11.1991 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Manubhai Haribhai
Desai (HUF) |
|
1935 |
|
Champaben
Haribhai Desai |
|
3170 |
|
Vikram Manubhai
Desai (HUF) |
|
12141 |
|
Vikram Manubhai
Desai ( |
|
22561 |
|
Smita Vikram
Desai |
|
28786 |
|
Kirit Manubhai
Desai (HUF) |
|
17232 |
|
Mukesh Manubhai
Desai ( |
|
7957 |
|
Kunal Vikram
Desai |
|
179 |
|
Rohan Vikram
Desai |
|
139 |
|
Virinder Kaur
Suchdeo |
|
3 |
|
S V Bapat |
|
3 |
|
Desai Finance
Private Limited, |
|
13200 |
|
Total |
|
107306 |
As on 25.09.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
12.30 |
|
Directors or relatives of directors |
|
87.70 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Electrical Capacitors. |
|
|
|
|
Products : |
Capacitors |
PRODUCTION STATUS 31.03.2010
|
Particulars |
|
|
Installed Capacity (No. of
capacitors) |
120000000 |
|
Actual Production (No. of capacitors) |
69607580 |
GENERAL INFORMATION
|
No. of Employees : |
199 Approximately |
|||||||||||||||||||||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank Of 1548A, Commercial Branch, ·
ICICI Bank |
|||||||||||||||||||||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P D Kudva Chartered Accountant |
|
Address : |
4, Kumar Panorama, 45/1 B, |
|
|
|
|
Associates/Subsidiaries : |
·
Desai Engineering Private Limited ·
Desai Electronic Private Limited |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
125000 |
Equity Shares |
Rs.100/- each |
Rs.12.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
107306 |
Equity Shares |
Rs.100/- each |
Rs.10.730 Millions |
[Out of this 62304 shares of Rs. 100 each,
have been allotted as fully paid up to the shareholders of erstwhile Desai
engineering Private Limited on its amalgamation with the company, for consideration
other than cash]
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2008 |
||
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.730 |
10.730 |
10.730 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
73.921 |
54.684 |
54.457 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
84.651 |
65.414 |
65.187 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
61.279 |
87.404 |
69.975 |
|
|
2] Unsecured Loans |
34.846 |
24.971 |
9.620 |
|
|
TOTAL BORROWING |
96.125 |
112.375 |
79.595 |
|
|
DEFERRED TAX LIABILITIES |
4.806 |
5.872 |
3.546 |
|
|
|
|
|
|
|
|
TOTAL |
185.582 |
183.661 |
148.328 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
125.301 |
124.002 |
86.245 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.687 |
8.301 |
16.172 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.00 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
51.512
|
47.165
|
41.369 |
|
|
Sundry Debtors |
37.578
|
29.197
|
26.229 |
|
|
Cash & Bank Balances |
7.477
|
0.755
|
0.510 |
|
|
Other Current Assets |
5.991
|
7.388
|
5.352 |
|
|
Loans & Advances |
9.302
|
0.888
|
4.678 |
|
Total
Current Assets |
111.860
|
85.393
|
78.138 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
35.201
|
|
|
|
|
Other Current Liabilities |
7.082
|
|
|
|
|
Provisions |
14.983
|
0.930
|
5.330
|
|
Total
Current Liabilities |
57.266
|
34.035
|
32.227 |
|
|
Net Current Assets |
54.594
|
51.358
|
45.911 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
185.582 |
183.661 |
148.328 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
166.219 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
274.124 |
173.671 |
166.219 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Cost of Sales |
|
|
|
|
|
|
Other Direct costs |
|
|
|
|
|
|
Staff cost |
|
|
|
|
|
|
Selling Expenses |
|
|
|
|
|
|
Loss/(Gain) on Portfolio Investments |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
34.152 |
2.814 |
17.061 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
12.407 |
2.462 |
5.495 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
21.745 |
0.352 |
11.566 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
31.393 |
31.201 |
21.456 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
NA |
NA |
|
|
|
Dividend paid |
NA |
NA |
NA |
|
|
|
Proposed Dividend |
NA |
NA |
NA |
|
|
|
Tax on Dividend |
NA |
NA |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
53.138 |
31.554 |
33.022 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
202.64 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
7.93 |
0.20 |
6.95 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
1.62 |
0.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.40 |
1.34 |
0.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40 |
0.04 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.81 |
2.23 |
1.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.95 |
2.50 |
2.42 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS
The production and sale of capacitors has gone up by nearly 50% compared to the preceding year resulting in a spurt increase in Profit before tax from Rs.2.819 millions to Rs.34.152 millions. The decision to double the production capacity from 60.000 millions to 120.000 millions capacitors has been timely and enabled the company to meet increased demand. The board expects similar results in the current year.
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80045282 |
|
Corporate
identity number of the company |
U32109MH1981PTC024206 |
|
Name of the
company |
DESAI ELECTRONICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Gat No. 553, |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
State Bank of India, Commercial Branch, 1548-A, Sadashiv Peth,
Tilak Road, Pune-411030, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Equitable Mortgage for Enhancement |
|
Date of
instrument Creating the charge |
18.11.2008 |
|
Amount secured by
the charge |
Rs. 177.500
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 Mortgage on
immovable properties of company. Details of
Facilities (Rs. In Millions) – Demand Cash Credit – 45.000, Term Loan I –
15.000, Term Loan II – 39.000, Term Loan III 13.500, Term Loan IV (New) –
60.000, Letter of Credit 5.000, Bank Guarantee ( 5.000) |
|
Short particulars
of the property charged |
Mortgage of
Immovable properties of Company situated at All that piece and parcel of land
bearing Gat Nos. 553/A administration 2 Acres i.e. 8093.72 sq.mtr. sit at
Mouje Khed Shivapur, Taluka Haveli, District Pune together with construction
thereon and All that piece and parcel of Flat No. 10 and 11 totally adm.
194.77 sq.mtrs. on 4th Floor, Trupti Apts sit at Sub Plot No. 5
out of Final Plot No. 211 in TPS No. 1 city survey No. 870/1 at Shivajinagar
(Bhamburda) within the limits of PMC, District Pune |
|
Date of latest
modification prior to the present modification |
19.09.2008 |
|
Corporate
identity number of the company |
U32109MH1981PTC024206 |
|
Name of the company
|
DESAI ELECTRONICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Gat No. 553, |
|
This form is for |
Creation of
Charge |
|
Type of charge |
Movable Property(not being pledge) |
|
Particular of
charge holder |
State Bank of |
|
Nature of
instrument creating charge |
1. Term Loan
Agreement 2. Arrangement
Letter (Both the documents
executed for creation of a single charge) |
|
Date of
instrument Creating the charge |
20.07.2009 |
|
Amount secured by
the charge |
Rs. 1.200 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest : Int.on loan will be charged at 0.75%p.a.below (SBAR)currently 11.75%p.a plus int. tax.(Current effective rate being 11% p.a)with quarterly rests or rate as may be prescribed by bank from time to time Terms of repayment : Repayment - 36 EMI of Rs.39300/- each. Margin : 15.61%p.a Extent and operation of the charge : The charge on Hypothecated Assets continues till full repayment of loan. Facility -Term Loan for purchase of Toyota Corolla Altis. Others : Nil |
FIXED ASSETS
· Land
· Building
· Factory
· Residential Flat
· Head Office
· New Factory
· Plant and Machinery
· Tools, Jigs and Fixtures
· Electrical Installation
· Computers
· Office Equipments
· Vehicles
· Other/ Borewell
· Furniture and Fittings
WEB DETAILS
Profile
Subject is a leading manufacturer of Plastic Film Capacitors in
Subject has state-of-the-art plant and machinery with an installed capacity of
200 million nos. p.a.
Subject is the first Indian manufacturer to get UL certification for X2
capacitors.
The Quality Management Systems are certified under ISO 9001:2008. All
capacitors conform to IEC 384 specifications and are RoHS compliant.
The product range covers Plain Film Foil (Inductive and Non-Inductive) and
Metallised Capacitors, in Box, Dip, Round and Flat type, for various
applications, like EMI/RFI circuits in Appliances (X2, Y2), Lighting (CFL and
Ballast), Fan Regulators and Dimmers, Energy Meters , Automobile,
Instrumentation, Power Electronics, Telecom etc.
Subject is the market leader in
Subject markets its capacitors directly to OEMs and through a network of
dealers all over
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
an
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.44.59 |
|
|
1 |
Rs.71.75 |
|
Euro |
1 |
Rs.64.80 |
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 |
|
- |
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.