MIRA
INFORM REPORT
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Report Date : |
08.11.2011 |
IDENTIFICATION DETAILS
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Name : |
PUMA TOOLS PRIVATE LIMITED |
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Registered
Office : |
R 513, MIDC, Rabale, Navi Mumbai 400701, Maharashtra |
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Country : |
India |
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Date of
Incorporation : |
10.05.1990 |
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Com. Reg. No.: |
056468 |
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Capital
Investment / Paid-up Capital : |
Rs. 1.004 millions |
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CIN No.: [Company Identification
No.] |
U29220MH1990PTC056468 |
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IEC No.: |
0391157922 |
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Legal Form : |
Private Limited Liability Company
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Line of Business
: |
Manufacturer of Circular Saw blades for Wood Cutting, Metal Cutting, Ferrous and Non Ferrous
Cutting, Laminate Cutting etc. |
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No. of Employees
: |
35 Approximately |
RATING & COMMENTS
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MIRA’s Rating : |
C (07) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a company having moderate track. The management has not
filed the financial of the company with the government departments. As claimed by Mr. H P Kedia, Director, the company has stopped its
production due to labour’s strike. He further stated that the company will
start its business activities in November, 2011. Payments are unknown. The company can be considered for business dealings on a safe and
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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India |
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 PARTED BY
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Name : |
Mr. H P Kedia |
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Designation : |
Director |
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Contact No.: |
91-9820070506 |
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Date : |
31.10.2011 |
LOCATIONS
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Registered Office : |
R 513, MIDC, Rabale, Navi Mumbai 400701, Maharashtra, India |
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Tel. No.: |
91-22-65165005 |
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Mobile No.: |
91-9820076506 (Mr. H S Kedia) |
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E-Mail : |
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Location : |
Owned |
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Factory : |
Located At: Goa, India |
DIRECTORS
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Name : |
Mr. Vivek H Kedia |
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Designation : |
Director |
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Date of Birth/Age : |
04.12.1964 |
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Date of Appointment : |
10.05.1990 |
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Name : |
Ms. Sushila H Kedia |
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Designation : |
Director |
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Date of Birth/Age : |
29.09.1937 |
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Date of Appointment : |
10.05.1990 |
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Name : |
Mr. H P Kedia |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2008
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Names of Shareholders |
No. of Shares |
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Mr. Vivek H Kedia |
50200 |
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Ms. Sushila H Kedia |
50200 |
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Total |
100400 |
AS ON 29.09.2008
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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 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Circular Saw blades for Wood Cutting, Metal Cutting, Ferrous and Non Ferrous
Cutting, Laminate Cutting etc. |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
·
Retailers ·
End Users |
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No. of Employees : |
35 Approximately |
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Bankers : |
·
State Bank of India, Mumbai, India ·
The Janata Sahakari Bank Limited, Dindayal Bhavan
Jambli Naka, Thane, Navi Mumbai 400601, Maharashtra, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 29.09.2008
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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150000 |
Equity Shares |
Rs. 10 each |
Rs.1.500 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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100400 |
Equity Shares |
Rs. 10 each |
Rs. 1.004 millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
LOCAL AGENCY FURTHER INFORMATION
FORM 8
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Corporate
identity number of the company |
U29220MH1990PTC056468 |
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Name of the
company |
PUMA TOOLS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
R 513, MIDC, Rabale, Navi Mumbai 400701, Maharashtra, India |
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This form is for |
Creation of
charge |
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Type of charge |
Movable property
(not being pledge) Others |
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Particular of
charge holder |
The Janata Sahakari Bank Limited, Dindayal Bhavan Jambli Naka, Thane, Navi Mumbai 400601, Maharashtra, India Email: pumatools@vsnl.com |
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Nature of
instrument creating charge |
Hypothecation of
stock and bood debts. t. p. a. and equitable mortgage of plot no. R-153, ttc
industrial area, rable to continue as collateral security covering total
exposure |
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Date of
instrument Creating the charge |
18.12.2006 |
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Amount secured by
the charge |
Rs. 7.500
millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 12.50% P.A. i.e.
0.50% p.a.above PLR Terms of repayment 12 months shall
be reviewed on yearly basis. Margin 30% Extent and operation of the charge Hypothecation of
stock and bood debts. T. P. A. And equitable mortgage of plot no. R-153, ttc industrial
area, rable to continue as collateral security covering total exposure |
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Short particulars
of the property charged (Including location of the property) |
Hypothecation of
stock and bood debts. T. P. A. And equitable mortgage of plot no. R-153, ttc
industrial area, rable to continue as collateral security covering total
exposure |
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Check List by
Info Agents |
Available in
Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter's background |
-- |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
No |
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16) Details of sister concerns |
-- |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if
applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
-- |
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29) Last accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
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.49.08 |
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|
1 |
Rs.78.65 |
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Euro |
1 |
Rs.67.79 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
-- |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
-- |
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--LEVERAGE |
1~10 |
-- |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
-- |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
07 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.