1. Summary Information

 

 

Country

India 

Company Name

AUTOCOP (INDIA) PRIVATE LIMITED

Principal Name 1

Mr. Umesh Prasad Deshpande

Status

Satisfactory

Principal Name 2

Mrs. Rashmi Umesh Deshpande

 

 

Registration #

11-63312

Street Address

82, Mohammad Aiesufal Compound, Old Agra Road, Nashik – 422 001, Maharashtra, India

Established Date

18.09.1991

SIC Code

--

Telephone#

91-253-2598419 / 2590486 / 2503393

Business Style 1

Dealer

Fax #

91-253-2590740

Business Style 2

--

Homepage

--

Product Name 1

Car Central Locking and Security System

# of employees

--

Product Name 2

Power Window

Paid up capital

Rs.11,500,000/-

Product Name 3

Automobile Accessories

Shareholders

Directors or relatives of Director – 100.00%

Banking

 

Public Limited Corp.

NO

Business Period

20 years

IPO

NO

International Ins.

-

Public Enterprise

NO

Rating

Ba (45)

Related Company

Relation

Country

Company Name

CEO

--

--

--

--

Note

-

 

2. Summary Financial Statement

Balance Sheet as of

31.03.2010

(Unit: Indian Rs.)

Assets

Liabilities

Current Assets

278,236,000

Current Liabilities

263,626,000

Inventories

312,794,000

Long-term Liabilities

304,043,000

Fixed Assets

76,946,000

Other Liabilities

2,575,000

Deferred Assets

0,000,000

Total Liabilities

570,244,000

Invest& other Assets

58,000

Retained Earnings

66,290,000

 

 

Net Worth

97,790,000

Total Assets

668,034,000

Total Liab. & Equity

668,034,000

 Total Assets

(Previous Year)

412,141,000

 

 

P/L Statement as of

31.03.2010

(Unit: Indian Rs.)

Sales

2,232,505,000

Net Profit

28,033,000

Sales(Previous yr)

1,427,732,000

Net Profit(Prev.yr)

5,606,000

 


MIRA INFORM REPORT

 

 

Report Date :

21.03.2011

 

 

Note :- Correct name is “AUTOCOP (INDIA) PRIVATE LIMITED”

 

 

IDENTIFICATION DETAILS

 

Name :

AUTOCOP (INDIA) PRIVATE LIMITED

 

 

Registered Office :

82, Mohammad Aiesufal Compound, Old Agra Road, Nashik – 422 001, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

18.09.1991

 

 

Com. Reg. No.:

11-63312

 

 

CIN No.:

[Company Identification No.]

U74999MH1991PTC063312

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

NSKA01005E

 

 

PAN No.:

[Permanent Account No.]

AABCA5282A

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Dealer of Automobile Accessories.

 


 

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 391000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a well-established company having satisfactory track. Financial position of the company appears to be sound. 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)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

INFORMATION PARTED BY

 

Name :

Mr. Neeraj

Designation :

Accounts Executive

 

 

LOCATIONS

 

Registered Office :

82, Mohammad Aiesufal Compound, Old Agra Road, Nashik – 422 001, Maharashtra, India

Tel. No.:

91-253-2598419 / 2590486 / 2503393

Fax No.:

91-253-2590740

E-Mail :

ndn@autocop.in

neeraj@autocop.in

neertar@rediffmail.com

autopioneer@yahoo.com

autocop_nsl@sancharnet.in

somanica@gmail.com

suranaaj@yahoo.co.in

Area :

 750 Sq. ft.

Location :

Rented

 

 

Corporate Office :

2nd Floor, ATV House, D – 8, Street No. 16, MIDC, Marol, Andheri (E), Mumbai – 400093, Maharashtra, India

Tel. No.:

91-22-30889043

Fax No.:

91-22-30889025

Location :

Owned

 

 

Regional Office :

A 78, Naraina Industrial Area, Phase 1, Naraina, New Delhi – 110028, India

Tel No. : 91-11-25895872 / 74 / 75 / 78

Fax No.: 91-11-25895878 / 79

 

No. 19/3, Jayanagar, Ground and 1st Floor, Railway Parallel Z Road, Kumara Park (W), Nehru Nagar, Bangalore – 560020, Karnataka, India

 

Sagar Estate 2, N.C. Dutta, Sarani, Room No. 21, Ground Floor, Kolkata – 700001, West Bengal, India

Tel No. : 91-33-22108576 

 

 

Factory :

F-14, MIDC, Ambad, Industrial Area, Nashik – 422010, India

 

 

Branch Office :

Located at

 

  • Ahmedabad
  • Goa
  • Surat
  • Indore
  • Nagpur
  • Aurangabad
  • Thana, Baddi Tehsil District Solan, Himachal Pradesh

 

(They have 25 Branch Offices all over India.)

 

 

DIRECTORS

 

As on 29.09.2010

 

Name :

Mr. Umesh Prasad Deshpande

Designation :

Director

Address :

45 and 46, Row House, D’ Souza Colony, Nashik – 422 005, Maharashtra, India

Date of Birth/Age :

27.09.1964

Qualification :

Graduate

Date of Appointment :

15.02.1994

 

 

Name :

Mrs. Rashmi Umesh Deshpande

Designation :

Director

Address :

45 and 46, Row House, D’ Souza Colony, Nashik – 422 005, Maharashtra, India

Date of Birth/Age :

10.05.1970

Qualification :

Graduate

Date of Appointment :

01.08.2001

 

 

Name :

Mr. Nitin D. Nighojkak

Designation :

Director

Address :

18, Siddhi Vinayak Society, Indira Nagar, Nashik – 422 009, Maharashtra, India

Date of Birth/Age :

26.03.1964

Date of Appointment :

01.01.2004

Date of Ceasing :

30.04.2009

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 29.09.2010

 

Names of Shareholders

 

No. of Shares

Umesh Prasad Deshpande

1050000

Rashmi Umesh Deshpande

100000

Total

1150000

 

As on 29.09.2010

 

Equity shares Breakup

 

Category

 

Percentage

Directors or relatives of Director

100.00

Total

100.00

 


 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Dealer of Automobile Accessories.

 

 

Products :

ITC code No.

Product Description

8531

Car Central Locking and Security System

8479

Power Window

 

 

 

 

Imports :

 

Products :

Automobile Accessories

Countries :

  • Singapore
  • Japan
  • Taiwan
  • South East Asia
  • Middle East

 

 

Terms :

 

Selling :

Cash and Credit (30days)

 

 

Purchasing :

L/C and Credit (30 days)

 

 

GENERAL INFORMATION

 

Customers :

  • OEM’s
  • Dealers
  • End Users

 

 

No. of Employees :

1200

 

 

Bankers :

  • State Bank India, Satpur Industrial Area Branch, Satpur, Nashik – 422 007, Maharashtra, India
  • Axis Bank Limited, Mazda Tower, GRP Road, Trimbak Naka, Nashik – 422 002, Maharashtra, India 

 

 

Facilities :

Secured Loans

31.03.2010

Rs. in Millions

State Bank of India, Satpur - CC

0.000

Foreign Currency Working Capital Demand

80.000

SIDBI – Term Loan

3.199

OCD from SIDBI

30.000

Axis Bank – Term Loan A/c No.190060004689641

22.627

Axis Bank CC Account

158.200

Total

294.026

 

Note: 

Cash credit facility by Axis bank, Nasik branch are secured by primary exclusive first hypothecation charge over entire current assets of the company, both present and future. And collateral first charge over entire fixed assets of the company both present and future including hypothecation charge over movable fixed assets  and EM over land and building of the company located Plot No. 22, EPIP, Phase II, Village Thane, Baddi, Tehsil Natagarh, District Solan, Himachal Pradesh admeasuring 2800 sq. meters built  up area 2122 sp. Mettes. FDR (FCNRD) of Rs.14.000 millions in the name of Mr. Uday Pralhad Deshpande and FDR of Rs.5.000 millions. Dully lien market and corporate guarantee of M/s Keylona Appliances Private Limited and personal guarantee of two directors Mr. Umesh Pralhad Deshpande, Mrs. Rashmi Umesh Deshpande and personal guarantee of Mr. Uday Pralhad Deshpande PG of Mr. Uday Deshpande restricted to Rs.14.000 Millions only.

 

Unsecured Loans

31.03.2010

Rs. in Millions

Loan from Directors/ Relatives

10.017

Total

10.017

 

 

 

Banking Relations :

Fair

 

 

Auditors :

 

Name :

M.M. Pandit and Company

Chartered Accountants

Address :

3/2, Sarda, Sandul, M.G. Road, Nashik – 422001, Maharashtra, India

 

 

CAPITAL STRUCTURE

 

As on 31.03.2010

 

Authorised Capital :

No. of Shares

Type

Value

Amount

3500000

Equity Shares

Rs.10/- each

Rs. 35.000 millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

1150000

Equity Shares

Rs.10/- each

Rs.11.500 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

11.500

11.500

11.500

2] Share Application Money

20.000

20.000

20.000

3] Reserves & Surplus

66.290

38.257

32.650

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

97.790

69.757

64.150

LOAN FUNDS

 

 

 

1] Secured Loans

294.026

147.172

153.776

2] Unsecured Loans

10.017

4.074

4.265

TOTAL BORROWING

304.043

151.246

158.041

DEFERRED TAX LIABILITIES

2.575

1.326

1.433

 

 

 

 

TOTAL

404.408

222.329

223.624

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

76.946

30.896

32.204

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.058

0.008

0.008

DEFERREX TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

312.794
203.316

167.777

 

Sundry Debtors

224.565
153.939

133.388

 

Cash & Bank Balances

26.486
0.529

16.194

 

Other Current Assets

0.000
0.000

0.000

 

Loans & Advances

27.185
23.453

54.074

Total Current Assets

591.030
381.237

371.433

Less : CURRENT LIABILITIES & PROVISIONS

 

 

 

 

Sundry Creditor

210.716

128.725

124.768

 

Other Current Liabilities

0.385
1.810

0.759

 

Provisions

52.525
59.277

54.494

Total Current Liabilities

263.626
189.812

180.021

Net Current Assets

327.404
191.425

191.412

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

404.408

222.329

223.624

 


PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2010

31.03.2009

31.03.2008

 

SALES

 

 

 

 

 

Income

2232.505

1427.732

1124.076

 

 

Other Income

35.376

35.056

27.374

 

 

TOTAL                                    

2267.881

1462.788

1151.450

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

2223.079

1446.324

1131.666

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

2223.079

1446.324

1131.666

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

44.802

16.464

19.784

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

3.177

2.964

2.452

 

 

 

 

 

 

PROFIT BEFORE TAX

41.625

13.500

17.332

 

 

 

 

 

Less

TAX                                                     

13.592

7.894

8.206

 

 

 

 

 

 

PROFIT AFTER TAX

28.033

5.606

9.126

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

NA

289.997

229.754

 

TOTAL IMPORTS

NA

289.997

229.754

 

 

 

 

 

 

Earnings Per Share (Rs.)

24.38

4.87

NA

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2010

31.03.2009

31.03.2008

PAT / Total Income

(%)

1.24

0.38

0.79

 

 

 

 

 

Net Profit Margin

(PBT/Sales)

(%)

1.86

0.95

1.54

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

6.23

3.28

4.29

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.43

0.24

0.27

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

5.80

4.89

5.27

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.24

2.01

2.06

 

 

LOCAL AGENCY FURTHER INFORMATION

 

OPERATIONS:

 

In the current year, the company has achieved Net Turnover of Rs.2232.500 Millions. During the period the company has made profit of Rs.28.033 Millions. The activities carried on during the period and profits made can be considered satisfactory.

 

FORM NO. 8

 

This form is for

Modification of charge

Charge identification number of the modified 

10183060

Corporate identity number of the company

U74999MH1991PTC063312

Name of the company

AUTOCOP (INDIA) PRIVATE LIMITED

Address of the registered office or of the principal place of  business in India of the company

82, Mohammad Aiesufal Compound, Old Agra Road, Nashik – 422 001, Maharashtra, India

Type of charge

Book Debts

Movable Property (not being pledge)

Immovable Property 

Particular of charge holder

Axis Bank Limited, Mazda Tower, Gpo Road, Trimbak Naka, Nashik-422002, Maharashtra, India

Email

nashik.branchhead@axisbank.com

Nature of description of the instrument creating or modifying the charge

Foreign currency loan agreement for conversion.

Date of instrument Creating the charge

15.01.2010

Amount secured by the charge

Rs.242.500 Millions

Brief particulars of the principal terms an conditions and extent and operation of the charge

Rate of Interest

Cash credit @ BPLR - 2.50% i.e. presently 12.25% p.a. with monthly rests.

FCDL @ LIBOR (six months) + 500 bps p.a. payable monthly. The interest rate will be reset every 6 months.

 

Terms of Repayment

Cash credit repayable on demand. Term loan tenor is 54 months - Repayment in 48 monthly installments as detailed below:

First 32 months - Rs. 375 Millions  each

Next 23 months - Rs.438 Millions  each

Last installment of Rs. 426 Millions.

 

Margin

25% on inventory and 40% on book debts.

25% on Term loan.

 

Extent and Operation of the charge

The first charge in favour of Axis Bank Limited, Trimbak Naka Branch, Nashik.

Short particulars of the property charged

I) Hypothecation on the entire current assets of the Company, both present & future.

Charge on entire fixed assets of the company both present & future including hypothecation charge over movable

 

II) fixed assets and EM over land and building located at plot no.22, EPIP, phase II, village Thana, Baddi, Tehsil Nalagarh, Dist. Himachal Pradesh ademeasuring 2800 sq. mtrs. built up area 2122 sq. mtrs.

Particulars of the present modification 

Total charge of Rs.242.500 Millions comprises of Term loan of Rs.22.500 Millions and cash credit of Rs.220.000 Millions.

Cash credit limit of Rs.220.000 Millions have the following sub limits: Foreign currency working capital demand loan of Rs. 80.000 Millions, bill discounting of Rs.20.000 Millions, buyers credit of Rs.10.000 Millions, DAUE of Rs.10.000 Millions, LER of Rs. 12.500 Millions, WCDL of Rs.10.000 Millions , Bank guarantee of Rs.5.000 Millions. There is no enhancement in charge limit. Therefore, total charge is of Rs. 242.500 Millions.

 

 

Corporate identity number of the company

U74999MH1991PTC063312

Name of the company

AUTOCOP (INDIA) PRIVATE LIMITED

Address of the registered office or of the principal place of  business in India of the company

82, Mohammad Aiesufal Compound, Old Agra Road, Nashik – 422 001, Maharashtra, India

This form is for

Modification of charge

Type of charge

·         Immovable property

·         Book Debts

·         Movable property (not being pledge)

Particular of charge holder

Axis Bank Limited, Trimbax Naka, Opposite Z.P. Office, Nashik – 422002, Maharashtra, India 

Nature of instrument creating charge

Supplemental Deed of Hypothecation

Date of instrument Creating the charge

11.02.2010

Amount secured by the charge

Rs.242.500 millions

Brief of the principal terms an conditions and extent and operation of the charge

·         Rate of Interest

BPLR – 2.50% with monthly rests payable on cash credit and term loan.

 

·         Terms of repayment

Cash Credit repayable on demand

Term Loan tenor – 54 months – repayable in 48 monthly installments as detailed below:

1st 32 months – Rs. 0.375 Million each

Next 23 months – Rs. 0.438 Million each

Last installment – Rs. 0.426 Million

Interest to be recover on monthly basis, Repayment to commence from the 7th month from the date of initial disbursement.

 

·         Margin

25% on Term Loan

Cash Credit – 25% on inventory and 40% on book debts

 

·         Extent and operation of the charge

The 1st charge in favour of Axis Bank Limited, Trimbak Naka Branch, Nashik .

Particulars of the property charged

Hypothecation over the entire current assets and fixed assets of the company both present and future.

Hypothecation charge over movable fixed assets over land and building of the company located at Plot no. 22, EPIP, Phase – II, Village Thana, Baddi Tehsil District Solan, Himachal Pradesh admeasuring 2800 Sq. Mets build up area 2122 Sq. Mtrs.

 

 

Name of the company

AUTOCOP (INDIA) PRIVATE LIMITED

Presented By

AUTOCOP (INDIA) PRIVATE LIMITED

1) Date and description of instrument creating the change

Agreement of Hypothecation of Goods and Assets dated 16th August, 2005.

Letter regarding the Grant of Individual Limits within the overall limit dated 16th August 2005

(Both the above agreement created for single charge)

2) Amount secured by the charge/amount owing on the securities of charge

 

Facility

Limit (Rs. In million)

Demand Cash Credit (Stock and Book Debts)

45.000

 

 

Sub limit for Book Debts

(20.000)

Total

45.000

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

The First legal charge created by deed of hypothecation of goods and all movable assets, present and future including stocks, book debts and receivables, including documents of plant and machinery acquired and to be acquired by the company situated or located at any place where in the business of the company.

4) Gist of the terms and conditions and extent and operation of the charge.

Rate of Interest 2% above SBAR, effective rate 12.25% p.a. with monthly rests subject to change as per SBI guidelines.

Cover period for book-debts 30 days

Margin: Finished Goods : 25%

Book Debts / receivables : 40%

5) Name and Address and description of the person entitled to the charge.

State Bank India

Satpur Industrial Area Branch, Satpur, Nashik – 422 007, Maharashtra, India

6) Date  and brief description of instrument modifying the charge

Not Applicable

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.

Not Applicable

 

FIXED ASSETS:

 

·         Land and Building

·         Electrical Fittings

·         Air Conditioner

·         Generator

·         Furniture

·         Office Equipments

·         Vehicle

·         Scooter

·         Computer

 

Trade References:

 

·         Keystone Appliances – Nashik

·         Autocop Car Securities Private Limited – Nashik

 

 

 

 


CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.45.09

UK Pound

1

Rs.72.82

Euro

1

Rs.63.43

 


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

6

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

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.