MIRA
INFORM REPORT
|
Report Date : |
19.09.2011 |
IDENTIFICATION DETAILS
|
NAME : |
STATFIELD EQUIPMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1073/1, 2, 3, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
03.10.1973 |
|
|
|
|
Com. Reg. No.: |
11-016901 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909MH1973PTC016901 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES00045D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCSS5982J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Supplier of Liquid painting equipments,
powder coating booth, liquid painting booth, air painting machine, powder
coating equipment, liquid painting equipment |
|
|
|
|
No. of Employees : |
Information not divulged by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 47000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an 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. The Profit and Loss of the company is not available. |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION DECLINED BY
The Management non cooperative.
LOCATIONS
|
Registered Office : |
1073/1, 2, 3, |
|
Tel. No.: |
91-20 22922180 / 22902180 /
22922172 / 32517381 / 22922350 / 53 / 22922181 / 22922182 91-020-66570100 (30 lines) |
|
Fax No.: |
91-20-25432349 / 66524695 / 22922252 / 22922134 |
|
E-Mail : |
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|
Website : |
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|
Branch : |
Pune Office |
|
Address: |
9-10, Laxman Villa, Near |
|
|
|
|
Other Branches : |
Located at:
|
DIRECTORS
As On 30.09.2003
|
Name : |
Mr. Ghaisas Gopal Yashwant |
|
Designation : |
Chairman and Managing Director |
|
Address : |
Anand Tarang, |
|
DIN No. : |
00824930 |
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 |
U31909MH1973PTC016901 |
STATFIELD
EQUIPMENTS PVT LTD |
Director |
01-02-11 |
03-10-73 |
- |
Active |
NO |
|
2 |
U29195PN1985PTC037408 |
INTELLIGENT
CONVEYORS AND STACKERS PVT LTD |
Managing
director |
05-09-85 |
05-09-85 |
- |
Active |
|
|
3 |
U51505PN1991PTC059630 |
INTECH SURFACE
COATING PRIVATE LIMITED |
Director |
01-02-11 |
01-01-91 |
- |
Active |
|
|
4 |
U99999MH1992PTC065723 |
SHALAKA
ELECTRONICS PVT.LTD. |
Director |
15-04-95 |
15-04-95 |
- |
Active |
|
|
5 |
U29150PN1997PTC112567 |
INTECH OVERSEAS
PROJECTS ( |
Director |
01-02-11 |
19-12-97 |
- |
Active |
NO |
|
6 |
U29150PN1999PTC013419 |
INTECH
AUTO-STORES AND CONVEYORS PRIVATE LIMITED |
Director |
01-02-11 |
01-07-02 |
- |
Active |
|
|
7 |
U51999PN1992PTC065054 |
MINILEC ( |
Director |
25-10-02 |
25-10-02 |
- |
Active |
|
|
8 |
U29299PN2005PTC020761 |
INTECH ENERGY
SYSTEMS PRIVATE LIMITED |
Director |
19-05-05 |
19-05-05 |
- |
Active |
|
|
9 |
U01122PN2005PTC021654 |
YASHPRABHA AGRO
PRIVATE LIMITED |
Director |
09-12-05 |
09-12-05 |
- |
Active |
|
|
10 |
U01122PN2005PTC021657 |
MINT AGRI
RESEARCH AND DEVELOPMENT PRIVATE LIMITED |
Director |
09-12-05 |
09-12-05 |
- |
Active |
|
|
11 |
U40107PN2005PLC021653 |
MINT BIOFUELS
LIMITED |
Director |
09-12-05 |
09-12-05 |
- |
Active |
|
|
12 |
U31909PN1982PTC027806 |
MINILEC CONTROLS
PVT LTD |
Director |
30-09-10 |
01-03-10 |
- |
Active |
|
|
13 |
U31300PN2011PTC138925 |
MINILEC ELECTRONICS
PRIVATE LIMITED |
Director |
18-03-11 |
18-03-11 |
- |
Active |
NO |
|
Name : |
Mrs. Swati Amit Ghaisas |
|
Designation : |
Director |
|
Address : |
Anand Tarang, |
|
Date of Birth/Age : |
29.11.1975 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No. : |
01043186 |
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 |
U51505PN1991PTC059630 |
INTECH SURFACE
COATING PRIVATE LIMITED |
Director |
01-02-05 |
01-02-05 |
- |
Active |
|
|
2 |
U51999PN1992PTC065054 |
MINILEC ( |
Director |
17-08-05 |
17-08-05 |
- |
Active |
|
|
3 |
U31909MH1973PTC016901 |
STATFIELD
EQUIPMENTS PVT LTD |
Director |
30-09-09 |
17-04-09 |
- |
Active |
NO |
|
4 |
U29299PN2005PTC020761 |
INTECH ENERGY
SYSTEMS PRIVATE LIMITED |
Director |
30-09-10 |
01-04-10 |
- |
Active |
|
|
5 |
U31300PN2011PTC138925 |
MINILEC
ELECTRONICS PRIVATE LIMITED |
Director |
18-03-11 |
18-03-11 |
- |
Active |
NO |
|
Name : |
Das Sukhadeo Govind |
|
Designation : |
Director |
|
Address : |
Flat No. 9, Building No. A/13/84, |
|
Date of Birth/Age : |
07.03.1952 |
|
DIN No. : |
00876562 |
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 |
U31909MH1973PTC016901 |
STATFIELD EQUIPMENTS PVT LTD |
Director |
06-12-87 |
06-12-87 |
16-11-10 |
Active |
NO |
|
2 |
U51505PN1991PTC059630 |
INTECH SURFACE COATING PRIVATE LIMITED |
Director |
11-01-99 |
11-01-99 |
16-11-10 |
Active |
|
|
3 |
U29195PN1985PTC037408 |
INTELLIGENT CONVEYORS AND STACKERS PVT LTD |
Director |
29-09-00 |
29-09-00 |
16-11-10 |
Active |
|
Name : |
Mr. Ghaisas Yashwant Amit |
|
Designation : |
Director |
|
Address : |
Anand Tarang, |
|
Date of Appointment : |
18.01.1999 |
|
DIN No. : |
00876472 |
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 |
U31909MH1973PTC016901 |
STATFIELD EQUIPMENTS PVT LTD |
Managing director |
01-02-11 |
18-01-99 |
- |
Active |
NO |
|
2 |
U29299PN2005PTC020761 |
INTECH ENERGY SYSTEMS PRIVATE LIMITED |
Director |
19-05-05 |
19-05-05 |
- |
Active |
|
|
3 |
U01122PN2005PTC021654 |
YASHPRABHA AGRO PRIVATE LIMITED |
Director |
09-12-05 |
09-12-05 |
- |
Active |
|
|
4 |
U01122PN2005PTC021657 |
MINT AGRI RESEARCH AND DEVELOPMENT PRIVATE LIMITED |
Director |
09-12-05 |
09-12-05 |
- |
Active |
|
|
5 |
U40107PN2005PLC021653 |
MINT BIOFUELS LIMITED |
Director |
09-12-05 |
09-12-05 |
- |
Active |
|
|
6 |
U51505PN1991PTC059630 |
INTECH SURFACE COATING PRIVATE LIMITED |
Managing director |
01-02-11 |
01-11-06 |
- |
Active |
|
|
7 |
U51999PN1992PTC065054 |
MINILEC ( |
Director |
29-09-07 |
23-08-07 |
- |
Active |
|
|
8 |
U29150PN1997PTC112567 |
INTECH OVERSEAS PROJECTS ( |
Managing director |
01-02-11 |
01-04-10 |
- |
Active |
NO |
|
9 |
U31300PN2011PTC138925 |
MINILEC ELECTRONICS PRIVATE LIMITED |
Director |
18-03-11 |
18-03-11 |
- |
Active |
NO |
|
Name : |
Mr. Suhas Madhav Surdi |
|
Designation : |
Director |
|
Address : |
1/1, |
|
Date of Birth/Age : |
01.06.1959 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No. : |
02672750 |
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 |
U31909MH1973PTC016901 |
STATFIELD
EQUIPMENTS PVT LTD |
Director |
30-09-09 |
17-04-09 |
13-05-11 |
Active |
NO |
|
Name : |
Mashruwalla C. K. |
|
Designation : |
Director |
|
Address : |
504/5, |
|
Name : |
Mr. Kunte Gopal Pradeep |
|
Designation : |
Director |
|
Address : |
Flat No. 12, Pushpanagari, |
|
Name : |
Mrs. Ghaisas Yashwant Smita |
|
Designation : |
Director |
|
Address : |
Anand Tarang, |
|
Date of Appointment : |
30.12.1992 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.09.2003
|
Names of Shareholders |
|
No. of Shares |
|
Yashwant Goapl Ghaisas |
|
5155 |
|
Smita Yashwant Ghaisas |
|
1250 |
|
Anant Purshottam Patwardhan |
|
189 |
|
Gopal Gangadhar Ghaisas |
|
252 |
|
Laxman Sonanant Joshi |
|
302 |
|
Yashwant Gopal Ghaisas |
|
1936 |
|
Kamal Ramkrishna Antarkar Ramkrishna |
|
378 |
|
Ramkrishna Jayram Antarkar |
|
378 |
|
Kiran Anant Joshi |
|
180 |
|
Govind Sukhadeo Das |
|
180 |
|
Makarand Raghunath Badwe |
|
180 |
|
Miniec Protective Relays Private Limited – |
|
1340 |
|
Minilec Marketing Services Private Limited – |
|
2906 |
|
Minilec Controls Private Limited – |
|
2000 |
|
Yashwant Goapl Ghaises Gopal J/w Smita Y Ghaisas |
|
1869 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplier of Liquid painting equipments, powder
coating booth, liquid painting booth, air painting machine, powder coating
equipment, liquid painting equipment |
|
|
|
|
Products : |
GENERAL INFORMATION
|
Customers : |
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No. of Employees : |
Information not divulged by management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Yeravdekar Ranade and Associates Chartered Accountant |
|
Address : |
1018, Shukrawar Peth, |
|
Pan No. : |
AAAFY0772F |
CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.500 millions |
|
2500 |
9% Cumulative Redeemable Preference Shares |
Rs. 100/- each |
Rs. 0.250 millions |
|
|
Total
|
|
Rs. 2.750
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21369 |
Equity Shares |
Rs. 100/- each |
Rs. 2.137
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 |
2.137 |
2.137 |
2.137 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9.625 |
7.306 |
5.479 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
11.762 |
9.443 |
7.616 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
18.110 |
20.867 |
8.353 |
|
|
2] Unsecured Loans |
5.199 |
6.911 |
5.537 |
|
|
TOTAL BORROWING |
23.309 |
27.778 |
13.890 |
|
|
DEFERRED TAX LIABILITIES |
0.526 |
0.809 |
0.772 |
|
|
|
|
|
|
|
|
TOTAL |
35.597 |
38.030 |
22.278 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.055 |
12.487 |
8.264 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.839
|
7.911 |
6.933 |
|
|
Sundry Debtors |
34.373
|
38.008 |
23.605 |
|
|
Cash & Bank Balances |
6.734
|
5.395 |
3.945 |
|
|
Other Current Assets |
1.178
|
1.114 |
0.910 |
|
|
Loans & Advances |
13.091
|
7.739 |
6.209 |
|
Total
Current Assets |
63.215
|
60.167 |
41.602 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
26.245
|
25.650 |
19.267 |
|
|
Other Current Liabilities |
3.060
|
2.969 |
2.867 |
|
|
Provisions |
9.368
|
6.005 |
5.454 |
|
Total
Current Liabilities |
38.673
|
34.624 |
27.588 |
|
|
Net Current Assets |
24.542
|
25.543 |
14.014 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
35.597 |
38.030 |
22.278 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.27
|
6.61 |
5.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.63
|
1.74 |
1.51 |
LOCAL AGENCY FURTHER INFORMATION
The Details of
Sundry Creditors:
Rs.
In Millions
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sundry Creditors |
26.245
|
25.650 |
19.267 |
Form 8:
|
Corporate
identity number of the company |
U31909MH1973PTC016901 |
||||||
|
Name of the
company |
STATFIELD
EQUIPMENTS PRIVATE LIMITED |
||||||
|
Address of the
registered office or of the principal place of business in |
|
||||||
|
This form is for |
Modification of
charge |
||||||
|
Type of charge |
Book Debts Movable Property Stock, Vehicles,
book debts etc. Goodwill Patent, license
under a patent Trademark |
||||||
|
Particular of
charge holder |
|
||||||
|
Nature of
instrument creating charge |
Composite Deed Of
Hypothecation For All Facilities. |
||||||
|
Date of instrument
Creating the charge |
24.11.2010 |
||||||
|
Amount secured by
the charge |
Rs. 27.000
millions |
||||||
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
– 1) Cash Credit:- Base
Rate +5.5% P. A. I.E. 13.75 % P. A. ) - Monthly Rests. 2) Term Loan:-
Base Rate +5.5% P. A. I.E. 13.75 % P. A.
) 3) Bank
Guarantee: Commission As Per C.O. Guidelines Terms of
Repayment – Cash Credit-
Review Within One Year. Term Loan 1:- 50
Monthly Instalments Of Rs. 0.100 million From April 2011 Term Loan 2:- 60
Monthly Instalment Of Rs. 0.150 million From January 2011 Bank Guarantee:-
Da/Dp Up To 180 Days Margin – Cash Credit and
Term Loans:- 25% Bank Guarantee:-
10% In Term Deposits. Extent and
Operation of the charge – First And
Exclusive Charge Others – Loan Of Rs.
27.000 millions Comprises Of:- 1) Cash Credit:-
Rs. 8.000 millions (Renuwal Only) 2) Term Loan:-
Rs. 5.000 millions (Fresh) 3) Term Loan:-
Rs. 9.000 millions (Fresh) 4) Bank Guarantee:-
Rs. 5.000 millions (Enhanced From Rs. 2.500/- millions) |
||||||
|
Particulars of
the property charged |
Hypothecation Of
Present and Future Movable Plants, Machineries, Goods, Stock Of Raw Materials,
Inventories, Stocks In Process, Semi Finished And Finished Goods, Stores and
Spares, Stock In Trade, Goods In Process, Assets, Vehicles, Goodwill, Trade
Mark, Copyright, Patent, Outstanding Monies, Claims, Bills, Receivables, Book
Debts, And Rights, Titles Or Interest Therein. Hypothecation Charge Over
Company's Present and Future Movable Plants And/Or Machineries, Articles,
Installations, Equipments, Tools, Implements, Such As Palnt and Machinery And
Furniture and Fixtures. |
||||||
|
Date of instrument
modifying the charge |
19.09.2009 |
||||||
|
Particulars of
the present modification |
Loan Amount
Enhanced From Rs. 10.500 millions To Rs. 27.000 millions By Enhancement In
Bank Guarantee Facility By Rs. 2.500 millions Making It To Rs. 5.000 millions
And Two Fresh Term Loans Of Rs. 5.000 millions and Rs. 9.000 millions, And
Renuwal Of Existing Cash Credit Facility Of Rs. 8.000 millions. |
Fixed Assets:
- Goodwill
- Software – ERP
- Technical know how
- Technical know how
- Tools and equipments
- Furniture and fixture
- Vehicle
- Dies and moulds
- Design and development
- Electrical installation
- Lab equipments
- Computers
- Office equipments
- Plant and machinery
- Patents
- Structure
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.47.47 |
|
|
1 |
Rs.74.96 |
|
Euro |
1 |
Rs.65.79 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
|
47 |
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.