MIRA
INFORM REPORT
|
Report Date : |
14.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
BULLOWS PAINT EQUIPMENT PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Plot No. R-580, MIDC, TTC Industrial Area, Rabale, Navi Mumbai-400701,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.10.1963 |
|
|
|
|
Com. Reg. No.: |
11-012756 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29221MH1963PTC012756 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB19067G, PNEB03305B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB5489M, AAACB5489M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Painting Equipment and Painting System, Spray Painting
Booths, Ballows Refinishing Booths, Bullows Industrial Parts Cleaning
Machines, State of Art Equipments. |
|
|
|
|
No. of Employees
: |
65 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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. Rajesh |
|
Designation : |
Account Department |
|
Contact No.: |
91-22-25821838 |
|
Date : |
12.11.2011 |
LOCATIONS
|
Registered Office / Factory : |
Plot No. R-580, MIDC, TTC Industrial Area, Rabale, Navi Mumbai 400701,
Maharashtra, India |
|
Tel. No.: |
91-22-25821838 |
|
Mobile No.: |
91-9819405185 (Mr. Prashant Waghulade) |
|
Fax No.: |
91-22-25820854 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Bangalore Kolkata Pune Secunderabad Telephone : 91-40-27714934, 27714944 Fax : 91-40- 27712655 E-mail : saleshyd@josts.in |
DIRECTORS
AS ON 09.08.2010
|
Name : |
Mr. Burjor Hormusji Reporter |
|
Designation : |
Director |
|
Address : |
24 C, Bal Gangadhar Kher Marg, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
13.02.1924 |
|
Date of Appointment : |
05.11.1973 |
|
DIN No.: |
00282711 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
L28100MH1907PLC000252 |
JOSTS
ENGINEERING COMAPNY LIMITED |
Director |
27-08-53 |
27-08-53 |
Active |
NO |
|
2 |
L29112PN1962PLC012276 |
CUMMINS
INDIA LIMITED |
Director |
15-03-62 |
15-03-62 |
Active |
NO |
|
3 |
U13519MH1966PTC013519 |
BULLOWS
INDIA PRIVATE LIMITED |
Director |
21-06-66 |
21-06-66 |
Active |
NO |
|
4 |
U29221MH1963PTC012756 |
BULLOWS
PAINT EQUIPMENT PRIVATE LIMITED |
Director |
05-11-73 |
05-11-73 |
Active |
NO |
|
5 |
U25209MH1975PTC018396 |
PHIROZE
SETHNA PRIVATE LIMITED |
Director |
13-01-81 |
13-01-81 |
Active |
NO |
|
6 |
U32109MH1985PTC036088 |
REBA
ELECTRONICS PRIVATE LIMITED |
Director |
03-09-91 |
03-09-91 |
Strike
off |
NO |
|
7 |
U51909MH1952PLC014972 |
CUMMINS
SALES AND SERVICE INDIA LIMITED |
Director |
24-12-03 |
24-12-03 |
Amalgamated |
NO |
|
8 |
U99999MH1985PTC035486 |
GRAMOS
CHEMICALS INDIA PRIVATE LIMITED |
Director |
07-09-09 |
07-09-09 |
Active |
NO |
|
Name : |
Mr. Govind Guno Desai |
|
Designation : |
Director |
|
Address : |
Kedar Apartments, Bhandar Lande, Mahim Mumbai-400016, Maharashtra,
India |
|
Date of Birth/Age : |
04.06.1935 |
|
Date of Appointment : |
21.09.1982 |
|
DIN No.: |
00140853 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U29221MH1963PTC012756 |
BULLOWS
PAINT EQUIPMENT PRIVATE LIMITED |
Director |
21-09-82 |
21-09-82 |
- |
Active |
NO |
|
2 |
U13519MH1966PTC013519 |
BULLOWS
INDIA PRIVATE LIMITED |
Director |
21-09-82 |
21-09-82 |
- |
Active |
NO |
|
3 |
U74300MH1969PTC014297 |
CONTRACT
ADVERTISING (INDIA) PRIVATE LIMITED |
Director |
31-07-84 |
31-07-84 |
- |
Active |
NO |
|
4 |
L24230MH1984PLC034771 |
BLISS
GVS PHARMA LIMITED |
Director |
21-12-84 |
21-12-84 |
- |
Active |
NO |
|
5 |
L74999MH1985PLC037618 |
INDAGE
VINTNERS LIMITED |
Director |
04-01-86 |
04-01-86 |
09-12-09 |
Active |
NO |
|
6 |
U99999MH1986PLC134021 |
FERMENTA
BIOTECH LIMITED |
Director |
03-03-87 |
03-03-87 |
19-03-10 |
Active |
NO |
|
7 |
L24223MH1946PLC005434 |
CAMLIN
LIMITED |
Director |
16-03-88 |
16-03-88 |
28-07-08 |
Active |
NO |
|
8 |
U02411KA1980PTC004053 |
FOSROC
CHEMICALS (INDIA) PRIVATE LIMITED |
Director |
09-08-89 |
09-08-89 |
30-11-07 |
Active |
NO |
|
9 |
U74999MH1987PTC044849 |
CLASSIC
STRIPES PRIVATE LIMITED |
Director |
01-01-97 |
01-01-97 |
29-06-11 |
Active |
NO |
|
10 |
L15520MH1982PLC028415 |
INDAGE
RESTAURANTS AND LEISURE LIMITED |
Director |
14-02-98 |
14-02-98 |
09-12-09 |
Active |
NO |
|
11 |
U24100MH1981PTC025661 |
CENTAUR
CHEMICALS PRIVATE LIMITED |
Director |
06-02-01 |
06-02-01 |
- |
Amalgamated |
NO |
|
12 |
U65910MH1991PLC063461 |
ALTA
LEASING AND FINANCE LIMITED |
Director |
30-04-01 |
30-04-01 |
- |
Active |
NO |
|
13 |
L99999MH1951PLC008485 |
DIL
LIMITED |
Director |
29-11-01 |
29-11-01 |
- |
Active |
NO |
|
14 |
U45200MH1995PLC084766 |
AEGEAN
PROPERTIES LIMITED |
Director |
27-02-02 |
27-02-02 |
- |
Active |
NO |
|
15 |
U28933MH2004PTC148152 |
DURABUILD
TECHNOLOGIES PRIVATE LIMITED |
Director |
05-05-05 |
05-05-05 |
08-06-11 |
Active |
NO |
|
16 |
U24110MH1962PLC012526 |
LONA
INDUSTRIES LIMITED |
Director |
30-09-05 |
30-09-05 |
- |
Active |
NO |
|
17 |
U36930MH1994PTC082020 |
PRO-TECH
SPORTS AND SAFETY PRODUCTS PRIVATE LIMITED |
Director |
24-06-06 |
24-04-06 |
08-06-11 |
Active |
NO |
|
18 |
U25208MH1995PTC093753 |
FORMA
SPORTS PRIVATE LIMITED |
Director |
24-06-06 |
24-04-06 |
08-06-11 |
Active |
NO |
|
19 |
L65910MH1998PLC115967 |
IRB
INFRASTRUCTURE DEVELOPERS LIMITED |
Director |
07-09-07 |
03-08-07 |
- |
Active |
NO |
|
20 |
U24230MH1980PTC023291 |
CENTAUR
PHARMACEUTICALS PRIVATE LIMITED |
Director |
23-10-08 |
23-10-08 |
- |
Active |
NO |
|
21 |
U74130MH2004PTC145141 |
EVOTEC
(INDIA) PRIVATE LIMITED |
Additional
director |
20-02-09 |
20-02-09 |
31-08-09 |
Active |
NO |
|
Name : |
Mr. Pratap Ramanlal Saraiya |
|
Designation : |
Director |
|
Address : |
Navsari Chembers, 2nd Floor, P T Marg, Mumbai-400001,
Maharashtra, India |
|
Date of Birth/Age : |
04.10.1926 |
|
Date of Appointment : |
25.09.1987 |
|
DIN No.: |
01191353 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U29221MH1963PTC012756 |
BULLOWS
PAINT EQUIPMENT PRIVATE LIMITED |
Director |
25-09-87 |
25-09-87 |
Active |
NO |
|
2 |
U13519MH1966PTC013519 |
BULLOWS
INDIA PRIVATE LIMITED |
Director |
25-09-87 |
25-09-87 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.08.2010
|
Names of Shareholders |
No. of Shares |
|
Faizulla A Jasdanwalla |
10 |
|
Pratap R Saraiya |
10 |
|
Bullows India Private Limited, India |
9970 |
|
Burjor H Reporter |
10 |
|
Total |
10000 |
AS ON 09.08.2010
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
99.70 |
|
Directors or relatives of Directors |
0.20 |
|
Other top fifty shareholders |
0.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Painting Equipment and Painting System, Spray Painting
Booths, Ballows Refinishing Booths, Bullows Industrial Parts Cleaning
Machines, State of Art Equipments. |
|
|
|
|
Products : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
OEM’s |
|
|
|
|
No. of Employees : |
65 (Approximately) |
|
|
|
|
Bankers : |
·
Central Bank of India, Overdraft Department, Mahatma
Gandhi Road, Fort, Mumbai 400023, Maharashtra, India ·
Thane Janata Sahakari Bank, Behind TMA House,
Wagale Estate, Thane, Maharashtra, India ·
HDFC Bank ·
State Bank of India, 381 D. N Road,
Mumbai-400001, Maharashtra, India |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sorab S Engineer and Company Chartered Accountants |
|
Address : |
|
|
PAN No.: |
AAFS5191E |
|
|
|
|
Holding Company : |
Bullows India Private Limited CIN No.: U13519MH1966PTC013519 |
|
|
|
|
Sister Concern : |
Josts Engineering, Thane, Maharashtra, India |
CAPITAL STRUCTURE
AS ON 09.08.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/- each |
Rs. 2.000 Millions |
|
2500 |
Preference Shares |
Rs.100/- each |
Rs. 0.250 Million |
|
2500 |
Unclassified Shares |
Rs.100/- each |
Rs. 0.250 Million |
|
|
Total |
|
Rs. 2.500
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.100/- each |
Rs. 1.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.000 |
1.000 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
150.165 |
145.770 |
158.249 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
151.165 |
146.770 |
159.249 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.404 |
0.656 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.404 |
0.656 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
151.569 |
147.426 |
159.249 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.187 |
3.673 |
2.814 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
27.897 |
29.605 |
57.468 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6.971
|
10.144
|
5.693 |
|
|
Sundry Debtors |
66.723
|
31.442
|
53.161 |
|
|
Cash & Bank Balances |
105.149
|
101.462
|
94.662 |
|
|
Other Current Assets |
2.558
|
1.836
|
4.127 |
|
|
Loans & Advances |
67.329
|
63.026
|
63.957 |
|
Total
Current Assets |
248.730
|
207.910 |
221.600 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
49.439
|
38.199
|
43.671 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
78.806
|
55.563
|
78.962 |
|
Total
Current Liabilities |
128.245
|
93.762 |
122.633 |
|
|
Net Current Assets |
120.485
|
114.148
|
98.967 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
151.569 |
147.426 |
159.249 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
SALES |
178.147 |
96.196 |
171.372 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
27.638 |
(12.479) |
292.165 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.810 |
0.000 |
55.165 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
21.828 |
(12.479) |
237.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
121.970 |
134.449 |
(54.507) |
|
|
|
|
|
|
|
|
|
|
Short Provision of Income Tax of Earlier Year |
0.000 |
0.000 |
0.844 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.183 |
0.000 |
23.800 |
|
|
|
Dividend |
15.000 |
0.000 |
20.000 |
|
|
|
Tax on Dividend |
2.433 |
0.000 |
3.400 |
|
|
BALANCE CARRIED
TO THE B/S |
124.182 |
121.970 |
134.449 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
2182.80 |
(1247.90) |
23700.00 |
|
Expected Sales (2011-2012) : Rs. 240.000 Millions.
The above information has been parted by Mr. Rajesh.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
15.51
|
(12.97)
|
170.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.97
|
(5.89)
|
130.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
(0.08)
|
1.83 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.85
|
0.64
|
0.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94
|
2.21
|
1.80 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
------ |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last three years |
Yes |
|
12. Profitability for last three years |
No |
|
13. Reasons for variation <> 20% |
No |
|
14. Estimation for coming financial year |
Yes |
|
15. Capital in the business |
No |
|
16. Details of sister concerns |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
No |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
------ |
|
29. Last accounts filed at ROC |
------ |
|
30. Major Shareholders, if available |
------ |
REVIEW OF THE
YEARS WORKING:
Sales are Rs. 178.147 millions as against Rs. 96.196 millions for the
last year, while profit before tax is Rs. 27.639 millions as against loss
before tax Rs. 12.479 millions for the last year.
FORM 8
|
Corporate
identity number of the company |
U29221MH1963PTC012756 |
|
Name of the
company |
BULLOWS PAINT EQUIPMENT PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. R-580, MIDC, TTC Industrial Area, Rabale, Navi Mumbai 400701,
Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Thane Janta Shakari Bank, Behind Tma House, Wagle Estate, Thane
400604, Email: tjsb@bom5.vsnl.net.in
|
|
Nature of
instrument creating charge |
Record of
Mortgage Bu Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
09.04.2007 |
|
Amount secured by
the charge |
Rs. 15.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As per Bank Rule Terms of repayment Up to next
Renewal. Margin 10% Extent and operation of the charge Rs. 15.000
millions |
|
Short particulars
of the property charged (Including location of the property) |
Plot No D-3,
11536 sq. mtrs. Along with structure standing thereon at village Panchpakadi,
Road No 16, MIDC, Wagle Industrial Estate, Thane. |
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. 50.27 |
|
|
1 |
Rs. 80.07 |
|
Euro |
1 |
Rs. 68.44 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
Yes |
|
--LISTED |
YES/NO |
No |
|
--OTHER MERIT FACTORS |
YES/NO |
Yes |
|
TOTAL |
|
49 |
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.