1. Summary Information
|
|
|
Country |
|
|
Company Name |
Auto Decor
Private Limited |
Principal Name 1 |
Mr. Vivek Sachdev |
|
Status |
Moderate |
Principal Name 2 |
Ms. Anuradha Sachdev |
|
|
|
Registration # |
55-17563 |
|
Street Address |
C 7, Flat No.
226, Naveen Niketan, Green Park Extension, New Delhi – 110 016, India |
||
|
Established Date |
18.02.1984 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturing |
|
Fax # |
Not Available |
Business Style 2 |
Exporting |
|
Homepage |
Product Name 1 |
Plastic Dies |
|
|
# of employees |
Not Available |
Product Name 2 |
Moulded
Components |
|
Paid up capital |
Rs.78,300,000/- |
Product Name 3 |
Thermoplastic
Injection Moulds |
|
Shareholders |
Directors or relatives of directors (100.00%) |
Banking |
State Bank of |
|
Public Limited Corp. |
NO |
Business Period |
27 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(30) |
|
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 |
148,897,000 |
Current Liabilities |
53,810,000 |
|
Inventories |
108,700,000 |
Long-term Liabilities |
279,786,000 |
|
Fixed Assets |
218,475,000 |
Other Liabilities |
3,136,000 |
|
Deferred Assets |
000 |
Total Liabilities |
336,732,000 |
|
Invest& other Assets |
150,000 |
Retained Earnings |
59,990,000 |
|
|
|
Net Worth |
139,490,000 |
|
Total Assets |
476,222,000 |
Total Liab. & Equity |
476,222,000 |
|
Total Assets (Previous Year) |
360,705,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
513,821,000 |
Net Profit |
23,183,000 |
|
Sales(Previous yr) |
407,631,000 |
Net Profit(Prev.yr) |
19,272,000 |
MIRA INFORM
REPORT
|
Report Date : |
21.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
AUTO DECOR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C 7, Flat No. 226, Naveen Niketan, Green Park Extension, New Delhi –
110 016 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
18.02.1984 |
|
|
|
|
Com. Reg. No.: |
55-17563 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.78.300 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1984PTC017563 |
|
|
|
|
IEC No.: |
0596063954 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA12687D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA0702B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer,
Exporter and Supplier of Plastic Injection Moulded Engineering Components for
4-Wheelers and 2-Wheelers |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 560000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Trade relations
are reported as fair. Business is active. Payments are reported to be slow
but correct. The company can be considered for small 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
C 7, Flat No. 226, Naveen Niketan, Green Park Extension, New Delhi –
110 016, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
7 and 8, Udyog
Vihar, Phase – I, Gurgaon – 122 001, |
|
Tel. No.: |
91-124-4001686 / 4001687 / 4001688 / 4369965 /
4369966 / 4369967 / 4369968 |
|
Fax No.: |
91-124-2341442 |
|
|
|
|
Factory 2 : |
Plot Number - 91,
Sector-3, IMT Manesar, Guragon - 122050, Haryana |
|
Tel. No.: |
91-124-2290964 |
|
Fax No.: |
91-124-2291170 |
|
Area : |
40,000 Sq. ft. |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Vivek Sachdev |
|
Designation : |
Director |
|
Address : |
E-2368, Palam Vihar, Girgaon – 122 001, |
|
Date of Birth/Age : |
20.10.1952 |
|
Date of Appointment : |
18.02.1984 |
|
DIN No.: |
01159444 |
|
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 |
U74899DL1984PTC017563 |
Auto Decor
Private Limited |
Director |
18-02-84 |
18-02-84 |
Active |
NO |
|
2 |
U74899DL2005PTC144207 |
Autodecor Design
And Development Private Limited |
Managing
director |
29-12-05 |
29-12-05 |
Active |
NO |
|
|
|
|
Name : |
Ms. Anuradha Sachdev |
|
Designation : |
Director |
|
Address : |
E-2368, Palam Vihar, Girgaon – 122 001, |
|
Date of Birth/Age : |
09.09.1955 |
|
Date of Appointment : |
15.03.1989 |
|
DIN No.: |
01159425 |
|
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 |
U74899DL1984PTC017563 |
Auto Decor
Private Limited |
Director |
15-03-89 |
15-03-89 |
Active |
NO |
|
2 |
U74899DL2005PTC144207 |
Autodecor Design
And Development Private Limited |
Director |
29-12-05 |
29-12-05 |
Active |
NO |
|
|
|
|
Name : |
Mr. Sudhi Sachdev |
|
Designation : |
Director |
|
Address : |
E-2368, Palam Vihar, Girgaon – 122 001, |
|
Date of Birth/Age : |
22.08.1977 |
|
Date of Appointment : |
29.03.2005 |
|
DIN No.: |
00440904 |
|
|
|
|
Name : |
Ms. Mohini Sharma |
|
Designation : |
Director |
|
Address : |
7386 Pocket – 10, Sector – B, Vasant Kunj – 110 070, |
|
Date of Birth/Age : |
02.05.1932 |
|
Date of Appointment : |
18.01.1994 |
|
DIN No.: |
02413961 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Vivek Sachdev |
|
382593 |
|
Anuradha Sachdev |
|
377163 |
|
Sudhi Sachdev |
|
7748 |
|
Master Saras Sachdev (Through Guardian) |
|
7748 |
|
Master Mohan Sachdev (Through Guardian) |
|
7748 |
|
Total |
|
783000 |
List of Allottees (As on 29.08.2011)
|
Names of Equity Allottees |
|
No. of Shares |
|
Anuradha Sachdev |
|
52500 |
|
Vivek Sachdev |
|
52500 |
|
Total |
|
105000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Exporter and Supplier of Plastic Injection Moulded Engineering Components for
4-Wheelers and 2-Wheelers |
|
|
|
|
Products : |
·
Plastic
Dies ·
Moulded
Components ·
Thermoplastic
Injection Moulds ·
Molded
Rubber Items ·
Plastic
Moulds ·
Plastic
Injection Mould ·
Plastic
Moulded Parts ·
Plastic
Moulds for Automobiles ·
Precision
Injection Moulded Components |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of Industrial Finance Branch, Jawahar Vyapar Bhawan,
1, Tolstoy Marg, STC Building, 14th Floor, New Delhi – 110 001,
India ·
Standard
Chartered Bank Narain Manzil, ·
ICICI
Bank ·
Kotak Mahindra Bank ·
HDFC Bank ·
Bank
of ·
Lord
Krishna Bank ·
Citi
Bank |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jindal and Company Chartered Accountants |
|
Address : |
411, Vikas Deep, Laxmi Nagar, District Centre, |
|
Tel. No.: |
91-11-22051580 |
|
Fax No.: |
91-11-22054309 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No.: |
AAAPJ2192J |
CAPITAL STRUCTURE
After 30.09.2010
Authorised Capital : Rs.105.000 millions
Issued, Subscribed & Paid-up Capital :Rs.104.500
millions
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
900000 |
Equity Shares |
Rs.100/- each |
Rs.90.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
783000 |
Equity Shares |
Rs.100/- each |
Rs.78.300
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 |
78.300 |
55.600 |
43.180 |
|
|
2] Share Application Money |
1.200 |
8.000 |
4.000 |
|
|
3] Reserves & Surplus |
59.990 |
44.067 |
38.753 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
139.490 |
107.667 |
85.933 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
256.812 |
182.671 |
126.927 |
|
|
2] Unsecured Loans |
22.974 |
24.830 |
18.558 |
|
|
TOTAL BORROWING |
279.786 |
207.501 |
145.485 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
419.276 |
315.168 |
231.418 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
218.475 |
159.722 |
132.147 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.150 |
0.150 |
0.150 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
108.700
|
78.175 |
52.190 |
|
|
Sundry Debtors |
122.558
|
82.917 |
62.666 |
|
|
Cash & Bank Balances |
8.898
|
6.903 |
1.901 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
17.441
|
32.838 |
16.943 |
|
Total
Current Assets |
257.597
|
200.833 |
133.700 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
53.810
|
42.377 |
|
|
|
Other Current Liabilities |
0.000
|
0.000 |
|
|
|
Provisions |
3.136
|
3.160 |
2.000 |
|
Total
Current Liabilities |
56.946
|
45.537 |
34.579 |
|
|
Net Current Assets |
200.651
|
155.296 |
99.121 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
419.276 |
315.168 |
231.418 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
513.821 |
407.631 |
339.933 |
|
|
|
Other Income |
2.900 |
0.637 |
0.642 |
|
|
|
TOTAL |
516.721 |
408.268 |
340.575 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
461.460 |
365.444 |
309.624 |
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
BEFORE TAX, DEPRECIATION AND AMORTISATION |
55.261 |
42.824 |
30.951 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
26.898 |
20.391 |
15.703 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
BEFORE TAX |
28.363 |
22.433 |
15.248 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.180 |
3.161 |
2.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
AFTER TAX |
23.183 |
19.272 |
13.248 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
38.979 |
1.182 |
11.647 |
|
|
|
Capital Goods |
10.690 |
6.313 |
0.000 |
|
|
TOTAL IMPORTS |
49.669 |
7.495 |
11.647 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29.61 |
34.66 |
30.68 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.49
|
4.72 |
3.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.52
|
5.50 |
4.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.96
|
6.22 |
5.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.21 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.41
|
2.35 |
2.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.52
|
4.41 |
3.87 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS
During the year the company earned a net profit of Rs.23.183 millions
(Previous year 19.272 millions) on turnover of Rs.513.821 millions (Previous
year 407.631 millions).
FORM 8
|
Corporate identity number of the company |
U74899DL1984PTC017563 |
|
Name of the company |
AUTO DECOR PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
C 7, Flat No. 226, Naveen Niketan, Green Park Extension, New Delhi –
110 016, India |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10065477 |
|
Type of charge |
·
Immovable property ·
Any interest in immovable property ·
Book debts ·
Movable property (not being pledge) ·
Floating charge ·
Others o
All current and fixed assets of the company |
|
Particular of charge holder |
State Bank of Industrial Finance Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, STC
Building, 14th Floor, New Delhi – 110 001, India |
|
Nature of instrument creating charge |
Form C.1-A supplemental agreement of loan for increase in the overall
limit. Form C.2-A supplemental agreement of hypothecation of goods and assets
for increase in the overall limit. Form C.5 letter regarding the grant of individual limit within overall
limit. |
|
Date of instrument Creating the charge |
21.05.2011 |
|
Amount secured by the charge |
Rs.477.700 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Proposed Term Loan- interest at 5.00% above base rate, i.e. presently
14.25% p.a. with monthly rests. (subject to annual reset of interest). Other
term loan as per agreement. Terms of Repayment Term Loan- The Term Loan of Rs.106.700 millions. would be repaid in 18
quarterly installments commencing from 6 months after implementation of the project,
latest by September 2012 and ending by December 2016, first 17 installments
will be of Rs.5.900 millions and the 18th and final installment being of
Rs.6.400 millions. Interest will be repaid as and when applied, presently on
monthly intervals. Margin Raw material - 25% Stock in process- 25% Finished goods - 25% Stores/spares/consumables - 25% Receivables (cover period- 180 days)- 25% Letter of credit - 10% Bank guarantee- 15% Extent and Operation of the charge 100% |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
·
Primary Security (TL)- First charge on all the
fixed assets, present and future, of the company, including EM of Land and
Building at Plot No. 7 and 8, Phase-I, Udhyog Vihar, Gurgaon measuring 900
sq. Mtrs. ·
And Plot No. 469-471, Sector- 8, IMT Manesear
measuring 3037.5 sq. Mtrs. In the name Auto Decor Private Limited. The
proposed security on land at Plot No. 469-471, Sector- 8, Imt Manesear,
Gurgaon. ·
Should be created within six months from sanction
or before 31.10.2011 whichever is earlier, failing which 1% penal rate of
interest would be charged. ·
Collateral security - extension of charge on
current assets, present and future, of the company. ·
EM of industrial land at 16-21, Mini Industrial
Estate, Kichha, Rudrapur (Uttarakhand) measuring 1122 sq. Mtrs. Standing in
the name of directors and factory building erected thereon. ·
Cash Credit:-Exclusive first hypothecation charge
over the entire current assets of the company and extension of charge over
fixed assets of the company. Collateral security remains the same. |
|
Particulars of the present modification |
Limit increased from Rs.389.500 millions to Rs.477.700 millions. Other
term and conditions as per agreement. |
FIXED ASSETS
·
Land
·
Residential Flat (Under
construction)
·
Building under
construction
·
·
Fax Machines
·
Fire Equipments
·
Generators
·
Office Equipments
·
Plant and Machinery
·
Telephone Instruments
·
Transformer
·
Xerox Machines
·
Furnitures and Fittings
·
Electric Appliances
·
Lift Machine
·
Projector TV
·
APE - 3 Wheeler
·
Car
·
Car (M. 800 Dix.)
·
Car (Matiz)
·
Car Wagon R
·
Honda Accord Car
·
Honda Civic 1.8
·
Maruti Auto
·
Maruti SX4
·
Maruti Swift Vxi
·
Maruti Swift Dezire
·
Mercedes Benz Car
·
Scooter
·
TATA Acc
·
TATA-407
·
·
·
Loose Tools
·
Mould and Dyes
·
Computer
·
Plastic Container
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.51.35 |
|
|
1 |
Rs.80.97 |
|
Euro |
1 |
Rs.69.25 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.