MIRA
INFORM REPORT
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Report Date : |
07.03.2011 |
IDENTIFICATION DETAILS
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Name : |
VISHAL VIDEO AND APPLIANCES PRIVATE LIMITED |
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Registered Office : |
1/ 6, Ghokley Marg, |
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Country : |
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Financials (as on) : |
31.03.2009 |
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Date of Incorporation : |
30.04.1997 |
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Com. Reg. No.: |
20-21847 |
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CIN No.: [Company
Identification No.] |
U31200UP1997PTC021847 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
ALDV00428B |
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PAN No.: [Permanent
Account No.] |
AAEFV0042M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing of Electronics, Electrical and Consumables Items. |
RATING & COMMENTS
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MIRA’s Rating : |
B (37) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 599812 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Trade
relations are fair. Business is active. Payments are reported to be slow. The company can be considered for small business dealings with secured
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
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION DENIED BY
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Name : |
Mr. Vinit Agarwal |
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Designation : |
Director |
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Contact No.: |
91-9920157070 |
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Date : |
04.03.2011 |
LOCATIONS
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Registered Office : |
1/ 6, Ghokley Marg, |
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Tel. No.: |
91-522-2207226/ 2207446 |
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Fax No.: |
91-522-2209764 |
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E-Mail : |
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Area: |
1200 Sq. ft. |
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Factory: |
Good |
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Head Office : |
Bank Road, |
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Corporate Office : |
601, Golden Chambers, Opposite Citi Mall, |
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Tel. No.: |
91-22-40107001/ 04/ 03 |
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Fax No.: |
91-22-40107005 |
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Regional Office : |
Located at:
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Branch Office : |
Located at:
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DIRECTORS
AS ON 29.09.2009
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Name : |
Mr. Manoj Agarwal |
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Designation : |
Managing Director |
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Address : |
1/ 6, Ghokley Marg, |
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Date of Birth : |
12.07.1966 |
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Qualification: |
B.Com |
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Date of Appointment : |
30.04.1997 |
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Name : |
Mr. Anand Agarwal |
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Designation : |
Director |
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Address : |
Anand Kunj, |
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Qualification: |
M.Com |
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Date of Appointment : |
22.01.1999 |
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Name : |
Mr. Vineet Agarwal |
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Designation : |
Director |
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Address : |
1/ 6, Ghokley Marg, |
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Date of Birth/Age : |
06.12.1973 |
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Qualification: |
B. Tech |
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Date of Appointment : |
22.01.1999 |
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Name : |
Mr. Manish Agarwal |
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Designation : |
Director |
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Address : |
New Building, Hasan Ganj, |
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Qualification: |
B. Tech |
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Date of Appointment : |
24.03.2000 |
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Name : |
Mr. Rajiv Jindal |
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Designation : |
Director |
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Address : |
7/ 72, Flat No.7, Sipra Apartments, Tilak Nagar, |
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Date of Appointment : |
01.04.2005 |
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Date of Ceasing : |
20.06.2009 |
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Name : |
Mr. Pradeep Agarwal |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
29.05.1975 |
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Date of Appointment : |
29.09.2009 |
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Name : |
Mr. Ankit Agarwal |
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Designation : |
Director |
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Address : |
52, Jawahar Nagar, Extension Colony Bhelupur, Varansi – 221 010, |
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Date of Birth/Age : |
21.11.1980 |
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Date of Appointment : |
29.09.2009 |
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Name : |
Mr. Gaurang Agarwal |
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Designation : |
Director |
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Address : |
Bharat Milap, |
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Date of Birth/Age : |
14.12.1985 |
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Date of Appointment : |
29.09.2009 |
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Name : |
Ms. Sunita Agarwal |
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Designation : |
Director |
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Address : |
Raj Bhawan, Gokhle Marg, |
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Date of Birth/Age : |
03.01.1969 |
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Date of Appointment : |
20.06.2009 |
KEY EXECUTIVES
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Name : |
Amit Gupta and Associates |
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Designation : |
Company Secretary |
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Address : |
C- 17, Vinay Nagar, Krishna Nagar, |
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Tel No: |
91-522-2471742 |
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Mobile No: |
91- 9415005108 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2009
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Names of Shareholders |
No. of Shares |
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Manoj Agarwal |
1735714 |
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Manoj Agarwal HUF |
1151614 |
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Manoj Agarwal Jointly with Mudit Agarwal HUF |
298929 |
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Sunita Agarwal |
289286 |
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Sunita Agarwal Jointly with Mudit Agarwal HUF |
192857 |
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Mudit Agarwal |
260357 |
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Vinit Agarwal |
1398214 |
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Vinit Agarwal HUF |
192857 |
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Vinit Agarwal Jointly with Saloni Agarwal HUF |
362571 |
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Menka Agarwal Jointly with Saloni Agarwal HUF |
420686 |
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Anand Agarwal |
732857 |
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Suman Agarwal |
96428 |
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Vishal Agarwal |
96428 |
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Sandeep Agarwal |
289286 |
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Manish Agarwal |
1157143 |
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Brij Mohan Agarwal |
57857 |
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Rekha Agarwal |
96429 |
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Rajesh Garg |
270000 |
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Kusum Garg |
77143 |
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Mukesh Garg |
109286 |
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Soni Garg |
51429 |
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Asha Bhugra |
96429 |
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Total |
9433800 |
AS ON 29.09.2009
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Electronics, Electrical and Consumables Items. |
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Products : |
v Fire test standards for 1-2 hrs v Modern Design v A4 size document fit v 2 sets personal code v Installation v Modern Design v Fashionable exterior design v Reliable card reader system v Lap top computer fit v Distributor of Mobiles – Nokia v Consumer Electronics – Sony, Samsung v White Goods – Whirlpool v Electric Appliances – Philips v MTS – Racold, Forbes and Symphony. |
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Imports : |
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Products : |
Electronic Goods |
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Countries : |
v
v
v
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Terms : |
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Selling : |
Cash / Credit (30 days) |
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Purchasing : |
L/C, Credit (60 days) |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and End Users
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No. of Employees : |
About 250 |
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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 : |
Khanna Thakker and Company Chartered Accountants |
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Address : |
7-C/72, Tilak Marg, Dalibagh, Opposite Narmada Bhawan, |
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Tel. No.: |
91-522-2205205/ 2208110/ 3014625 |
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Fax No.: |
91-522-2208110 |
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E-Mail : |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital:
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No. of Shares |
Type |
Value |
Amount |
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15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 millions |
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Issued, Subscribed & Paid-up Capital:
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No. of Shares |
Type |
Value |
Amount |
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9433800 |
Equity Shares |
Rs.10/- each |
Rs.94.338
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
94.338 |
94.338 |
73.374 |
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2] Share Application Money |
0.000 |
0.000 |
17.715 |
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3] Reserves & Surplus |
55.615 |
34.691 |
21.015 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
149.953 |
129.029 |
112.104 |
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LOAN FUNDS |
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1] Secured Loans |
310.674 |
451.693 |
354.909 |
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2] Unsecured Loans |
50.878 |
60.708 |
44.809 |
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TOTAL BORROWING |
361.552 |
512.401 |
399.718 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.317 |
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TOTAL |
511.505 |
641.430 |
512.139 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
40.318 |
43.733 |
38.272 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.283 |
0.258 |
0.258 |
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DEFERREX TAX ASSETS |
0.572 |
0.235 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
248.607
|
411.546 |
311.227
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Sundry Debtors |
189.470
|
136.428 |
118.367
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Cash & Bank Balances |
11.934
|
16.991 |
24.774
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Other Current Assets |
40.136
|
51.635 |
22.486
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Loans & Advances |
22.812
|
28.994 |
37.826
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Total
Current Assets |
512.959
|
645.594 |
514.680 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
18.030
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NA |
NA
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Other Current Liabilities |
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|
20.835
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Provisions |
17.298
|
20.682 |
20.248
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Total
Current Liabilities |
42.637
|
48.401 |
41.083 |
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Net Current Assets |
470.322
|
597.193 |
473.597
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MISCELLANEOUS EXPENSES |
0.010 |
0.011 |
0.012 |
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TOTAL |
511.505 |
641.430 |
512.139 |
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PROFIT & LOSS
ACCOUNT
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|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SALES |
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Sales Turnover |
2562.136 |
8309.741 |
7641.082 |
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Incentive and Discount |
175.102 |
158.613 |
92.969 |
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Commission |
0.000 |
0.000 |
1.120 |
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Other Income |
8.290 |
0.057 |
0.257 |
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Total Income |
2745.528 |
8468.411 |
7735.428 |
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Less |
EXPENSES |
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Cost of Goods Sold |
2552.017 |
8210.568 |
7555.059 |
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Management and office Expenses |
97.382 |
115.505 |
78.896 |
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Selling & Distribution Expenses |
15.083 |
31.728 |
15.903 |
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Loss on sale of fixed assets |
0.099 |
0.395 |
0.085 |
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Preliminary expenses written off |
0.001 |
0.001 |
0.001 |
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TOTAL (B) |
2664.582 |
8358.197 |
7649.944 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
80.946 |
110.214 |
85.484 |
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Less |
FINANCIAL
EXPENSES (D) |
38.520 |
47.406 |
26.681 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
42.426 |
62.808 |
58.803 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.381 |
9.042 |
6.227 |
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PROFIT BEFORE
TAX (E-F) (G) |
34.045 |
53.766 |
52.576 |
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Less |
TAX (I) |
13.121 |
19.126 |
32.360 |
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PROFIT AFTER TAX
(G-I) (J) |
20.924 |
34.640 |
20.216 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
0.76
|
0.41 |
0.26
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Net Profit Margin (PBT/Sales) |
(%) |
1.33
|
0.65 |
0.69
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Return on Total Assets (PBT/Total Assets} |
(%) |
6.15
|
7.80 |
9.51
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Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.42 |
0.47
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Debt Equity Ratio (Total Liability/Networth) |
|
2.70
|
4.35 |
3.93
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Current Ratio (Current Asset/Current Liability) |
|
12.03
|
13.34 |
12.53
|
LOCAL AGENCY FURTHER INFORMATION
Sundry Creditors
Details:
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Particulars
|
Rs.
In Millions 31.03.2010 |
Rs.
In Millions 31.03.2009 |
Rs.
In Millions 31.03.2008 |
|
Docket Care Systems Hcl Infosystems Limited (Nokia) Ingram Micro India Private Limited Jaina Marketing Appliances Private Limited Merloni Termosanitari ( Onida Merc Electronics Limited Philips Electronics India Limited Whirlpool Of India Limited (Csd) Dish Tv India Limited Godrej and Boyce Manufacturing Company Limited Godrej and Boyce Manufacturing Company Limited. (Steblizer) Philips India Limited Kitchen Appliances India Limited Videocon Industries Limited(Kelvinator) Amtrex Hitachi Appliances Limited Daewoo Anchor Electronic Limited. Eureka Forbes Limited Goldwin Technologies Private Limited Grandeur Furniture Sony India Private Limited Swastik Industries Symphony Comfort Systems Ltd(S) Bsnl (Scratch Card )Raebareli Bsnl (Scratch Card) Department of Telecommunication Vcc Card Department of Telecommunication Sahu Agencies Private Limited Computer Gallery Greenply Industries Limited Pathfinder Software Solutions Private Limited Sunshine International |
0.038 0.460 0.106 1.497 0.063 0.281 0.372 0.415 0.029 0.336 0.004 0.085 2.100 2.765 0.126 0.072 0.010 0.296 0.059 0.348 0.054 0.006 0.000 0.077 0.064 0.000 0.347 0.012 6.055 0.522 1.423 |
NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA |
NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA |
Financial
Performance:
During the year
the company earned a profit of Rs.20.924 millions which was transferred to Reserves
and Surplus.
Directors:
Shri Pradip Kumar
Agarwal, Smt. Sunita Agarwal, Shri Ankit Agarwal, Shri Gaurang Agrawal were
appointed as an additional director of the company in the meeting of Board of
Director held on 15.04.2009, 20.06.2009, 01.08.2009, 01.08.2009 respectively
during the year under report. The aforesaid Directors are proposed to be
regularized as an ordinary Director in the ensuing A.G.M. Mr. Rajeev Jindal
resigned w.e.f. 20.06.2009.
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Corporate
identity number of the company |
U31200UP1997PTC021847 |
|
Name of the
company |
VISHAL VIDEO AND APPLIANCES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1/ 6, Ghokley Marg, E-Mail: cfclko@gmail.com |
|
This form is for |
Modification of
charge |
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Charge
identification number of the modified |
90279509 |
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Type of charge |
Book Debts Movable Property |
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Particular of
charge holder |
Union Bank of E-Mail: jkscoknp@gmail.com |
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Nature of
description of the instrument creating or modifying the charge |
Composite
Hypothecation Deed (SD-20) |
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Date of
instrument Creating the charge |
29/09/2009 |
|
Amount secured by
the charge |
Rs.550.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 1. Union Bank of
India - On Cash Credit (Hypothecation) @ BPLR+1.50% p.a. and On Adhoc Cash
Credit @ BPLR+3.50% p.a. 2. Allahabad Bank
- As per Sanction Terms. 3. Punjab
National Bank - As per Sanction Terms. Terms of Repayment:
Working Capital - Repayable on demand. Margin: Union
Bank of Allahabad Bank -
As per Sanction Terms. Punjab National
Bank - As per Sanction Terms. Extent and
Operation of the charge: 1.The Company's properties as mentioned hereunder
(As per Column No.15) are hypothecated to secure credit facilities agg. to
Rs.550.500 millions granted by the Consortium Bank to the Borrower. 2. The charge
over entire current assets, stocks, bills, receivables and book debts etc.
shall rank pari passu between Union Bank of |
|
Short particulars
of the property charged |
The whole of the
current assets, furniture, items (indigenous and imported), trade bills,
receivables, book debts etc of the Borrower. |
|
Date of latest
modification prior to the present modification |
05/05/2009 |
|
Particulars of
the present modification |
Union Bank of The charge of
Allahabad Bank and Punjab National Bank other Consortium Banks will continue
for Rs.150.000 millions and Rs.100.000 millions respectively. |
|
This form is for |
Creation of charge |
|
Corporation identity number (CIN) or foreign company registrations number of the company |
U31200UP1997PTC021847 |
|
Name of the company |
VISHAL VIDEO AND APPLIANCES PRIVATE LIMITED |
|
Address |
1/6, Ghokley Marg, |
|
Type of Charges |
Movable property (not being pledge) |
|
Particular of the charge holder |
Punjab National Bank, Aliganj Branch, Kapoorthala
Crossing, |
|
Nature or description of the instrument creating or modifying the charge |
Letter of Hypothecation |
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Date of the instrument creating charge |
11.06.2008 |
|
Amount Secure by the charge |
Rs.0.165 million |
|
Brief particulars of the principal terms and conditions and extent and operation of the charge |
(a) Rate of Interest Interests to be charged @ 11.75% per annum with monthly rest or at such other rate as may be notified by the Bank to the Borrower from time to time. (b) Terms of repayment Term Loan of Rs.0.165 Millions shall be repayable in 24 equated monthly installments of Rs.7749.00 each (c) Margin As per Hypothecation Agreement/ Section Terms. (d) Extent and operation of the charge The Company’s properties are hypothecated to secure Term Loan of Rs.0.165 Millions Granted by the Bank to the Borrower. |
|
Short particulars of the Property charged |
(i) Hypothecation of Omni Car together with tools and Accessories |
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Name of the company |
VISHAL VIDEO AND APPLIANCES PRIVATE LIMITED |
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Presented By |
Union Bank of |
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1) Date and description of instrument creating the change |
Memorandum of Entry for creation of equitable dated 30.01.2004 and registered on 24.02.2004. |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.45.696 millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Equitable Mortgage by way of Deposit of Title Deeds in
respect of Company’s Immovable properties being office space no. B-20, with
built up area 1116 Sq.ft. in the basement of Multi storied Complex situated
at 13,m Ashok Marg, Hazrat Ganj, North – others property: South – open to sky East – Open to sky; west – passage Together with the constructions that may hereafter be made thereon and also together with the fixtures, fittings and other things attached thereto. Free from all other charges and encumbrances. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
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5) Name and Address and description of the person entitled to the charge. |
Union Bank of |
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6) Date and brief description of instrument modifying the charge |
Memorandum of Entry dated 18.02.2005 for Extension of Equitable Mortgage (Earlier modified on 18.09.2004 to enhance the upto Rs. 85.511 millions and modification registered on18.10.2004 |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
On renewal, the Cash Credit (Stocks) Limit has been enhanced from Rs. 85.000 millions to Rs. 100.000 millions within which foreign Currency Loan of Rs. 42.500 millions. However, the Letter of Guarantee Limit remained the same of Rs. 5.110 millions. Therefore, the total amount of charge secured against Equitable properties as mentioned in column number (3) above and modified as above has now been enhanced /modified upto Rs. 100.511 millions to secure the credit facilities:
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FIXED ASSETS:
- Air Conditioner
- Air Cooler
- Aqua Flow
- Bag
- Barcode Reader
- Camera
- Cell Phone
- Coffee Machine
- Computer
- Vehicles
- Counting Machine
- CTV
- Dish TV
- Electrostate Machine
- Epbax
- Electric chimney
- Fan Fax Machine
- Fire Extinguisher
- Furniture and Fixtures
- Generator
- Inverter
- Kinetic Honda
- Luminous UPS
- Lift
- LCD TV
- Office equipment
- Omini Cargo Bharat Stage III
- Omini Cargo (UP32-BN2884)
- Pager
- Printer
- Pump
- Safe
- Stablizer
- Sony projector
- Telephone Set
CMT REPORT (Corruption, Money Laundering and 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.44.99 |
|
|
1 |
Rs.73.23 |
|
Euro |
1 |
Rs.62.80 |
SCORE and 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 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
37 |
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 and 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.