BUSINESS INFORMATION REPORT
1. Summary Information
|
Reference
# |
135-103981-03-020(20110718064) |
Country |
|
|
Company Name |
ELECTRONICA HITECH ENGINEERING PRIVATE LIMITED |
Principal Name 1 |
MR. SUJIT SHARAD NATEKAR |
|
Status |
MODERATE |
Principal Name 2 |
MR. RAHUL SATISH KASKHEDIKER |
|
Our Reference # |
148747 |
Registration # |
25-130038 |
|
Street Address |
KAILAS CHANDRA APARTMENTS, S.NO.128/1A, PLOT NO.3, |
||
|
Established Date |
24.04.2007 |
SIC Code |
-- |
|
Telephone# |
91-20-24272013 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-20-25459716 |
Business Style 2 |
TRADER |
|
Homepage |
Product Name 1 |
JET MACHINE |
|
|
# of employees |
110 (APPROXIMATELY) |
Product Name 2 |
LASER CUTTING MACHINE |
|
Paid up capital |
RS.23,500,000/- |
Product Name 3 |
SPOT WELDING MACHINE |
|
Shareholders |
BODIES CORPORATE-93.00% DIRECTORS OR RELATIVES OF DIRECTORS-7.00% |
Banking |
BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
4 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
HOLDING
COMPANY |
|
MUGDHA INVESTMENTS AND
FINANCE LIMITED |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
61,961,000
|
Current Liabilities |
29,806,000
|
|
Inventories |
17,675,000
|
Long-term Liabilities |
9,206,000 |
|
Fixed Assets |
25,790,000 |
Other Liabilities |
16,369,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
55,381,000 |
|
Invest& other Assets |
108,000 |
Retained Earnings |
10,653,000 |
|
|
|
Net Worth |
50,153,000 |
|
Total Assets |
105,534,000 |
Total Liab. & Equity |
105,534,000 |
|
Total Assets (Previous Year) |
109,493,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
167,180,000 |
Net Profit |
1,499,000 |
|
Sales(Previous yr) |
172,392,000 |
Net Profit(Prev.yr) |
5,126,000 |
MIRA
INFORM REPORT
|
Report Date : |
27.07.2011 |
|
|
|
|
Tel. No.: |
91-20-24272013 |
|
Fax No.: |
91-20-25459716 |
|
E-Mail : |
|
|
Website : |
IDENTIFICATION DETAILS
|
Name : |
ELECTRONICA HITECH ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Kailas Chandra Apartments, S.No.128/1A, Plot No.3, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
24.04.2007 |
|
|
|
|
Com. Reg. No.: |
25-130038 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.23.500
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29199PN2007PTC130038 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE02128A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Jet Machine, Laser Cutting Machine, Spot
Welding Machine. |
|
|
|
|
No. of Employees
: |
110 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 201000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Electronica Group. It is an established company having moderate track. Profitability of
the company appears to be low. However, trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 : |
Kailas Chandra Apartments, S.No.128/1A, Plot No.3, |
|
Tel. No.: |
91-20-24272013/ 66748960/ 25459716/ 17 |
|
Fax No.: |
91-20-25459716/ 66748956 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
120 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Corporate Office : |
Elektra Chambers, 44, Mukundnagar, Pune – 411 037, |
|
Tel. No.: |
91-20-24272013/ 30435405/ 30435400 |
|
Fax No.: |
91-20-24270891/ 24270981/ 24269001 |
|
E-Mail : |
|
|
|
|
|
Factory : |
H.No.501, Gat No.411, Urawade, Taluka Mulshi, District Pune – 412 108,
|
|
Tel. No.: |
91-20-67901000/ 1/ 2/ 3/ 4/ 5 |
|
Fax No.: |
91-20-67901007 |
|
E-Mail: |
|
|
|
|
|
Branch Office : |
They have 25 branch office all over |
|
|
|
|
Godown : |
At Excise Authority – Pune (It is same like Nava Seva in Mumbai) |
|
|
|
|
Nationwide Sales and Service Network : |
Located at North Zone ·
·
Janakpuri ·
·
Gurgaon ·
West Zone ·
Mumbai ·
Vapi ·
·
Pune ·
·
South Zone ·
Chennai ·
·
·
Secunderabad East Zone ·
Kolkata |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Sujit Sharad Natekar |
|
Designation : |
Managing Director |
|
Address : |
Ameya Apartments, Flat No. 4, 102/103, 6th Floor, Bhonde
Colony, Pune – 411 004, |
|
Date of Birth/Age : |
06.05.1968 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
00182517 |
|
|
|
|
Name : |
Mr. Rahul Satish Kaskhediker |
|
Designation : |
Director |
|
Address : |
Flat No.8, Fourth Floor, Ameya Apartment, 102-103/6 Bhonde Colony,
Erandwane, Pune – 411 004, |
|
Date of Birth/Age : |
31.07.1979 |
|
Qualification : |
BE |
|
Date of Appointment : |
24.04.2007 |
|
DIN No.: |
01760042 |
|
|
|
|
Name : |
Mr. Adwait Shashikant Dharmadhikari |
|
Designation : |
Director |
|
Address : |
Flat No.502, Balkrishna Heritage, S 863, F.P. No.207, BH Titan Shop,
Pune – 411 004, Maharashtra, India |
|
Date of Birth/Age : |
01.12.1971 |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
02042879 |
|
|
|
|
Name : |
Mr. Srinivasan Thyagarajan |
|
Designation : |
Managing Director |
|
Address : |
5, Silver Cascade, 32, |
|
Date of Birth/Age : |
24.03.1952 |
|
Qualification : |
Technical Person |
|
Date of Appointment : |
01.04.2008 |
|
Date of Ceasing : |
31.03.2010 |
|
DIN No.: |
02333642 |
|
|
|
|
Name : |
Mrs. Mugdha Rahul Kaskhediker |
|
Designation : |
Director |
|
Address : |
Flat No.8, Fourth Floor, Ameya Apartment, 102-103/6 Bhonde Colony,
Erandwane, Pune – 411 004, |
|
Date of Birth/Age : |
10.06.1982 |
|
Qualification : |
MSC |
|
Date of Appointment : |
01.04.2009 |
|
Date of Ceasing : |
31.03.2010 |
|
DIN No.: |
01764793 |
|
|
|
|
Name : |
Ms. Shilpa Shrikant Pophale |
|
Designation : |
Director |
|
Address : |
Plot No. 52, CTS 101, Audumbar, Erandawane, Pune – 411 004, |
|
Date of Birth/Age : |
09.03.1971 |
|
Qualification : |
MSC |
|
Date of Appointment : |
01.04.2008 |
|
Date of Ceasing : |
31.03.2009 |
|
DIN No.: |
00182457 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Rahul Satish Kaskhediker |
|
5000 |
|
Mugdha Rahul Kaskhediker |
|
5000 |
|
Mugdha Investment and Finance Limited, |
|
140000 |
|
Total |
|
150000 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Electronica Machine Tools Limited, |
|
2200000 |
|
Total |
|
2200000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
93.00 |
|
Directors
or relatives of directors |
|
7.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Jet Machine, Laser Cutting Machine, Spot
Welding Machine. |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
110 (Approximately) |
||||||||||||||||||||||||||||||||||||
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|
Bankers : |
v
The Saraswat Co-Operative Bank Limited, v
HDFC Bank Limited, Shankar Seth Branch v
Bank of Maharashtra, Industrial Finance Branch,
1183/A, |
||||||||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
S.N. Gogate and Company Chartered Accountants
|
|
Address : |
“Sanket”, 2123 Sadashiv Peth, Vijaya Nagar Colony, Pune –
411 014, |
|
Tel. No.: |
91-20-24330911/ 24330912 |
|
Fax No.: |
91-20-24330913 |
|
PAN No.: |
APJPG1410E |
|
|
|
|
Holding Company : |
Mugdha Investments and Finance Limited Address: Elektra Chambers, 44, Mukundnagar, Pune –
411 037, |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 millions |
|
2250000 |
Preference Shares |
Rs.10/- each |
Rs.22.500 millions |
|
|
Total |
|
Rs.30.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares (Out of the above 140000 shares @ Rs.10/-
each held by holding company Mugdha Investments and Finance Private Limited) |
Rs.10/- each |
Rs.1.500 millions |
|
2200000 |
Preference Shares |
Rs.10/- each |
Rs.22.000 millions |
|
|
Total |
|
Rs.23.500 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 |
23.500 |
23.500 |
9.500 |
|
|
2] Share Application Money |
16.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
10.653 |
7.654 |
2.528 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
50.153 |
31.154 |
12.028 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.206 |
8.652 |
0.664 |
|
|
2] Unsecured Loans |
0.000 |
23.590 |
27.355 |
|
|
TOTAL BORROWING |
9.206 |
32.242 |
28.019 |
|
|
DEFERRED TAX LIABILITIES |
2.570 |
2.241 |
1.921 |
|
|
|
|
|
|
|
|
TOTAL |
61.929 |
65.637 |
41.968 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
25.790 |
26.941 |
24.499 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.025 |
0.025 |
0.025 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.675
|
28.877 |
27.223 |
|
|
Sundry Debtors |
30.707
|
32.860 |
38.828 |
|
|
Cash & Bank Balances |
19.202
|
8.585 |
12.538 |
|
|
Other Current Assets |
12.052
|
12.079 |
8.831 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
79.636
|
82.401 |
87.420 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
23.945
|
26.057 |
52.887 |
|
|
Other Current Liabilities |
5.861
|
4.975 |
1.665 |
|
|
Provisions |
13.799
|
12.824 |
15.593 |
|
Total
Current Liabilities |
43.605
|
43.856 |
70.145 |
|
|
Net Current Assets |
36.031
|
38.545 |
17.275 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.083 |
0.126 |
0.169 |
|
|
|
|
|
|
|
|
TOTAL |
61.929 |
65.637 |
41.968 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
167.180 |
172.392 |
181.277 |
|
|
|
Other Income |
3.072 |
0.722 |
NA |
|
|
|
TOTAL |
170.252 |
173.114 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
167.653 |
165.122 |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
167.653 |
165.122 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.599 |
7.992 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.100 |
2.866 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.499 |
5.126 |
2.528 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Foreign Line Commission Earnings |
48.963 |
57.891 |
65.979 |
|
|
|
Export Sales |
0.000 |
1.004 |
0.000 |
|
|
TOTAL EARNINGS |
48.963 |
58.895 |
65.979 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
66.026 |
99.199 |
|
|
|
Capital Goods |
NA |
0.105 |
13.867 |
|
|
TOTAL IMPORTS |
NA |
66.131 |
113.066 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.99 |
34.17 |
16.85 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total
Income |
(%) |
0.88
|
2.96 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.55
|
4.64 |
1.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.47
|
7.31 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.26 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.05
|
2.44 |
8.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.83
|
1.88 |
1.25 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL
HIGHLIGHTS:
Considering the expansion proposal in respect of the company business,
the Directors in their meeting, proposed to augment the finances in the form of
preference share capital. Accordingly a sum of Rs.16.000 millions had been
received from Electronica (Partnership Firm).
The Board is in the process of increasing the authorized capital and
issue the same to the applicants.
FORM NO 8
|
Corporate
identity number of the company |
U29199PN2007PTC130038 |
|
Name of the
company |
ELECTRONICA HITECH ENGINEERING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Kailas Chandra Apartments, S.No.128/1A, Plot No.3, E-Mail: rsk@electronicagroup.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Bank of Maharashtra, Industrial Finance Branch, 1183/A, E-Mail: bom941@mahabank.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Composite deed of
hypothecation for all facilities. |
|
Date of
instrument Creating the charge |
14.09.2009 |
|
Amount secured by
the charge |
Rs.57.100
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: C.C./Term Loan
1/Term Loan 2- BPLR+0.50%, presently 12.75% with monthly rests. Terms of
Repayment: C.C. - Review
within 12 months. Term Loan 1- In
38 monthly installments of Rs.0.056 million from the following month of
disbursement. Term Loan 2-In 60
monthly installments of Rs.0.084 million from the following month of
disbursement. Margin: C.C./Term Loan
1/Term Loan 2- 25%. Letter of Credit-
20%. Extent and
Operation of the charge: C.C.- Rs.10.000
millions Term Loan 1- 2.100
millions Term Loan 2- 5.000
millions L.C.- 40.000
millions Total- Rs.57.100
millions |
|
Short particulars
of the property charged |
C.C. - Inventory
and receivables at the Company's offices, factories, godowns or anywhere
else. Term Loan 1 -
Plant and Machinery/ office equipments, Electrical installations at the
Company's offices, factories, godowns or anywhere else. Term Loan 2 -
Plant and Machinery/ office equipments, Electrical installations at the
Company's offices, factories, godowns or anywhere else. L.C. - Goods
under L.C. at the Company's offices, factories, godowns or anywhere else. |
|
Corporate
identity number of the company |
U29199PN2007PTC130038 |
|
Name of the
company |
ELECTRONICA HITECH ENGINEERING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Kailas Chandra Apartment, S. No. 128/1A, Plot No. 3, Paud Road,
Kothrud, Pune – 411 038, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
v Book debts v Movable property (not being pledge) v Others v
All Tangible Assets |
|
Particular of
charge holder |
The Saraswat Co-Operative Bank Limited |
|
Nature of
instrument creating charge |
Agreement of
hypothecation of movable property dated 6th October 2007. |
|
Date of instrument
Creating the charge |
06.10.2007 |
|
Amount secured by
the charge |
Rs.2.500 millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 14% p.a. with monthly rests or at such rates as may be prescribed in future by the Bank from time to time. Present PLR is 13%.
Terms of repayment Repayable in Demand
Margin 30% Hypothecation of Stock less Sundry Creditors.
Extent and operation of the charge Type of facility : Cash Credit
Others As per terms and condition |
|
Particulars of
the property charged |
Borrower/s doth
do hereby hypothecate to and in favour of the bank all stock tangible movable
property (both present and future) belonging to the Borrower/s place of
business at Kailash Chandra Apartment SR No. 128/1A, 3rd Floor,
Paud Road, Pune 411 038 |
FIXED ASSETS:
Tangible Assets
v Plant and Machinery
v Furniture
v Office Equipments
v Vehicle
v Computer
Intangible Assets
v Business Rights
v Plant and Machinery (WIP)
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.44.29 |
|
|
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.17 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.