1. Summary Information

 

 

Country

India

Company Name

VICTOR COMPONENT SYSTEMS PRIVATE LIMITED

Principal Name 1

Mr. Pawan Kumar Sharma

Status

Satisfactory

Principal Name 2

Mr. Harpreet Singh Oberoi

 

 

Registration #

55-39488

Street Address

B-86, Okhla Industrial Area, Phase-I, New Delhi-110020

Established Date

13.03.1990

SIC Code

--

Telephone#

91-11-26372403

Business Style 1

Manufacturer

Fax #

91-11-26812668

Business Style 2

Exporter

Homepage

http://www.victorcomponent.com

Product Name 1

Transformers

# of employees

Not Available

Product Name 2

Coils and High Tech Wire Wound Components

Paid up capital

Rs.10,000,000/-

Product Name 3

--

Shareholders

Directors or relatives of directors 100.00%

Banking

State Bank of Patiala

Public Limited Corp.

No

Business Period

22 Years

IPO

No

International Ins.

-

Public Enterprise

No

Rating

Ba (47)

Related Company

Relation

Country

Company Name

CEO

-

--

--

--

Note

-

 

2. Summary Financial Statement

Balance Sheet as of

31.03.2011

(Unit: Indian Rs.)

Assets

Liabilities

Current Assets

154,811,000

Current Liabilities

143,120,000

Inventories

58,757,000

Long-term Liabilities

83,267,000

Fixed Assets

100,998,000

Other Liabilities

14,552,000

Deferred Assets

000

Total Liabilities

240,939,000

Invest& other Assets

000

Retained Earnings

63,627,000

 

 

Net Worth

73,627,000

Total Assets

314,566,000

Total Liab. & Equity

314,566,000

 Total Assets

(Previous Year)

256,034,000

 

 

P/L Statement as of

31.03.2011

(Unit: Indian Rs.)

Sales

487,172,000

Net Profit

NA

Sales(Previous yr)

387,162,000

Net Profit(Prev.yr)

NA

 

MIRA INFORM REPORT

 

Report Date :

23.08.2012

 

IDENTIFICATION DETAILS

 

Name :

VICTOR COMPONENT SYSTEMS PRIVATE LIMITED

 

 

Registered Office :

B-86, Okhla Industrial Area, Phase-I, New Delhi-110020

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

13.03.1990

 

 

Com. Reg. No.:

55-39488

 

 

Capital Investment / Paid-up Capital :

Rs.10.000 Millions

 

 

CIN No.:

[Company Identification No.]

U74899DL1990PTC039488

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELV01706F

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Transformers, Coils and High Tech Wire Wound Components.

 

 

No. of Employees :

Not Available

 

 

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 290000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitments.

 

The company can be considered for normal 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 – June 30, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

 

 

LOCATIONS

 

Registered Office /

Factory 1 :

B-86, Okhla Industrial Area, Phase-I, New Delhi-110020, India

Tel. No.:

91-11-26372403 / 26372404 / 36372405 / 66607454

Fax No.:

91-11-26812668 / 55107452 / 3 / 4

E-Mail :

hso@victordelhi.com

pawan@victordelhi.com

puneetmatta@yahoo.mail

webers@del3.vsnl.net.in

anu_victor@airtelbroadband.com

Website :

http://www.victorcomponent.com

 

 

Factory 2 :

A-28, Sector-83, Phase- II, Noida, Uttar Pradesh, India

Tel. No.:

91-11-26372403 / 26372404 / 36372405 / 66607454

Fax No.:

91-11-26812668 / 55107452 / 3 / 4

 

 

DIRECTORS

 

As on 30.09.2011

 

Name :

Mr. Pawan Kumar Sharma

Designation :

Director

Address :

Plot No. 16, Block 3, Charmwood Village, Faridabad, Haryana, India

Date of Birth/Age :

09.03.1966

Date of Appointment :

13.03.1990

Din No.:

00064769

Other Directorship:

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74899DL1990PTC039488

VICTOR COMPONENT SYSTEMS PRIVATE LIMITED

Director

13/03/1990

13/03/1990

-

Active

NO

2

U72100DL1999PTC101547

WEBERS COMPONENTS PRIVATE LIMITED

Director

14/09/1999

14/09/1999

-

Active

NO

3

U74899DL1995PTC071670

ARIES PISCES ENTERPRISES PRIVATE LIMITED

Director

13/08/2003

13/08/2003

-

Active

NO

4

U74140DL2003PTC119456

ZESTHA CONSULTING PRIVATE LIMITED

Director

07/04/2004

07/04/2004

-

Active

NO

5

U25209DL2003PTC120773

VICTOR PUSHIN CORDS PRIVATE LIMITED

Director

12/01/2006

12/01/2006

-

Active

NO

6

U17290MH2005PTC154626

B G EMBROIDERING PRIVATE LIMITED

Director

30/06/2006

30/06/2006

01/01/2007

Under Process of Striking off

NO

7

U74899DL1967NPL015218

ELCINA ELECTRONIC INDUSTRIES ASSOCIATION OF INDIA

Director

05/09/2006

05/09/2006

-

Active

NO

8

U31900DL2004PTC181991

RADIUS POWER INDIA PRIVATE LIMITED

Director

12/01/2009

20/11/2007

15/06/2010

Active

YES

9

U72200DL2008PTC172309

SOMS INFO PROJECTS PRIVATE LIMITED

Director

07/01/2008

07/01/2008

-

Active

NO

 

 

Name :

Mr. Harpreet Singh Oberoi

Designation :

Director

Address :

Plot No. 100, Block 3, Charmwood Village, Faridabad, Haryana, India

Date of Birth/Age :

29.03.1963

Date of Appointment :

01.10.1995

Din No.:

00065528

Other Directorship:

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74899DL1990PTC039488

VICTOR COMPONENT SYSTEMS PRIVATE LIMITED

Director

01/10/1995

01/10/1995

-

Active

NO

2

U72100DL1999PTC101547

WEBERS COMPONENTS PRIVATE LIMITED

Director

14/09/1999

14/09/1999

-

Active

NO

3

U25209DL2003PTC120773

VICTOR PUSHIN CORDS PRIVATE LIMITED

Director

06/06/2003

06/06/2003

-

Active

NO

4

U74899DL1995PTC071670

ARIES PISCES ENTERPRISES PRIVATE LIMITED

Director

13/08/2003

13/08/2003

08/02/2012

Active

NO

5

U74140DL2003PTC119456

ZESTHA CONSULTING PRIVATE LIMITED

Director

07/04/2004

07/04/2004

-

Active

NO

6

U17290MH2005PTC154626

B G EMBROIDERING PRIVATE LIMITED

Director

11/07/2006

11/07/2006

01/01/2007

Under Process of Striking off

NO

7

U31900DL2004PTC181991

RADIUS POWER INDIA PRIVATE LIMITED

Additional director

26/12/2007

26/12/2007

17/09/2008

Active

YES

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2011

 

Names of Shareholders

 

No. of Shares

Pawan Kumar Sharma

 

69000

Amarjeet Kaur

 

39000

Harpreet Singh Oberoi

 

60000

Jyoti Sharma

 

45000

Som Dutt Sharma

 

15000

Pawan Kumar Sharma and Jyoti Sharma

 

331500

Jyoti Sharma and Pawan Kumar Sharma

 

19500

Harpreet Singh Oberoi and Amarjeet Kaur

 

331500

Amarjeet Kaur and Harpreet Singh Oberoi

 

19500

B.S. Randhawa

 

6000

Pritam Singh

 

12000

Jitender Singh

 

6000

Anuj Jain

 

12000

Vijay Sharma

 

6000

Divya Bhasin

 

12000

J.P. Singh

 

6000

Rajeev Awasthi

 

10000

 

 

 

Total

 

1000000

 

As on 30.09.2011

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Directors or relatives of directors

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Transformers, Coils and High Tech Wire Wound Components.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

  • State Bank of Patiala, Okhla Industrial Area, Phase – 1, New Delhi-110020, India.
  • Citi Bank, N.A., Jeevan Bharti Building, 4th Floor, 124, Connaught Circus, Connaught Place, New Delhi-110001, India
  • ICICI Bank
  • Union Bank of India

 

 

Facilities :

Secured Loan

As on 31.03.2011

[Rs. in Millions]

As on 31.03.2010

[Rs. in Millions]

Citi Bank

[Against hypothecation of stocks and book debts and collateral security on Noida factory land and building and residential house of a directors]

13.041

7.093

State Bank of Patiala Current A/C

2.114

1.637

Short Term Loan [WCDL @ 10.50%, 1 Year]

17.500

17.500

Car Loan Kotak against [DL3CAN254 and DL3CAN2407]

0.000

0.364

Car Loan Fortuner Axis Bank, Mr. HSO

0.881

1.343

Car Loan Fortuner Axis Bank, Mr. PK3

0.758

1.232

Citi Bank Loan

0.000

9.313

Car Loan WagonR

0.033

0.123

Car Loan Carolla / ICICI Bank

0.000

0.000

HDFC Bank Mercedes Car Loan Mr. HSO

3.048

0.000

HDFC Bank Mercedes Car Loan Mr. PKS

2.754

0.000

Short Term Loan from Citi Bank I

17.014

0.000

Short Term Loan from Citi Bank II

13.976

0.000

Total

71.119

38.605

 

 

 

Unsecured Loan

 

 

Due to Directors

2.453

0.003

Due to Others

9.695

5.085

Total

12.148

5.088

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Singhal Matta and Company

Chartered Accountants 

Address :

B-21, 2nd Floor, Lajpat Nagar-I, New Delhi-110024, India

Tel. No.:

91-11-29818588/41727028 [Office]

91-11-26412946 [Residential] 

Mobile No.:

91-9212253491/9811711531/9811613491

E-Mail :

puneet.matta@gmail.com

radhikamatta@rediffmail.com

Pan No.:

AALFS9369P

 

 

CAPITAL STRUCTURE

 

As on 31.03.2011

 

Authorised Capital :

No. of Shares

Type

Value

Amount

1000000

Equity Shares

Rs.10/- each

Rs.10.000 Millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

1000000

Equity Shares

Rs.10/- each

Rs.10.000 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

10.000

10.000

10.000

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

63.627

51.619

40.718

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

73.627

61.619

50.718

LOAN FUNDS

 

 

 

1] Secured Loans

71.119

38.605

19.650

2] Unsecured Loans

12.148

5.088

4.187

TOTAL BORROWING

83.267

43.693

23.837

DEFERRED TAX LIABILITIES

8.479

7.112

6.002

 

 

 

 

TOTAL

165.373

112.424

80.557

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

100.998

77.204

54.529

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

58.757

46.465

32.009

 

Sundry Debtors

98.356

90.510

67.857

 

Cash & Bank Balances

0.746

0.742

1.328

 

Other Current Assets

5.214

4.470

4.470

 

Loans & Advances

50.495

36.643

42.619

Total Current Assets

213.568

178.830

148.283

Less : CURRENT LIABILITIES & PROVISIONS

 

 

 

 

Sundry Creditors

139.213

134.164

113.035

 

Other Current Liabilities

3.907

4.570

4.406

 

Provisions

6.073

4.876

4.814

Total Current Liabilities

149.193

143.610

122.255

Net Current Assets

64.375

35.220

26.028

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

165.373

112.424

80.557

 


PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2011

31.03.2010

 

SALES

 

 

 

 

 

Income

 

487.172

387.162

 

 

Other Income

 

NA

NA

 

 

TOTAL                        

 

NA

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

 

NA

NA

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX

 

19.573

17.002

 

 

 

 

 

Less

TAX                                                     

 

NA

NA

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX

 

NA

NA

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2011

31.03.2010

31.03.2009

Net Profit Margin

(PBT/Sales)

(%)

4.02

4.39

NA

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

6.22

6.64

NA

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.27

0.28

NA

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

3.16

3.04

2.88

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.43

1.25

1.21

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

No

9]

Name of person contacted

No

10]

Designation of contact person

No

11]

Turnover of firm for last two years

Yes

12]

Profitability for last two years

Yes

13]

Reasons for variation <> 20%

--

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

No

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

--

22]

Litigations that the firm / promoter involved in

--

23]

Banking Details

Yes

24]

Banking facility details

Yes

25]

Conduct of the banking account

--

26]

Buyer visit details

--

27]

Financials, if provided

Yes

28]

Incorporation details, if applicable

Yes

29]

Last accounts filed at ROC

Yes

30]

Major Shareholders, if available

Yes

31]

PAN of Proprietor/Partner/Director, if available

No

32]

Date of Birth of Proprietor/Partner/Director, if available

Yes

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

FINANCIAL REVIEW:

 

The year 2010-11 witnessed sales turnover at Rs.487.172 Millions in current year (Previous year Rs.387.162 Millions) which was the highest ever turnover achieved by the company. The company has recorded a net profit (PBT) of Rs.19.573 Millions during the year as compared to profit of Rs.17.002 Millions in the previous year, recording an improvement of Rs.2.571 Millions achieved mainly through increase in cost reduction measures, reduction in borrowings, improved product-mix and buoyancy in information technology market.

 

The company continued its thrust on cost control, optimizing purchase and revenue maximization measures, cost control measures focused on improvement in yields and techno-economic parameters, reduction in energy consumption and control on administrative expenditure.

 

SALES AND MARKETING REVIEW:

 

For the financial year 2010-11, the company achieved an all-time high sales of Rs.487.172 Millions.

 

BANKERS CHARGES REPORT AS PER REGISTRY

 

This form is for

Modification of charge

Charge identification number of the modified 

10050290

Corporate identity number of the company

U74899DL1990PTC039488

Name of the company

VICTOR COMPONENT SYSTEMS PRIVATE LIMITED

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

B-86, Okhla Industrial Area, Phase-I, New Delhi-110020, India

Type of charge

Book Debts

Immovable Property

Others 

Particular of charge holder

  • Citi Bank, N.A., Jeevan Bharti Building, 4th Floor, 124, Connaught Circus, Connaught Place, New Delhi-110001, India

Email: roc@sdpa.in

Nature of description of the instrument creating or modifying the charge

Deed of modification for Goods Security Agreement.

Deed of modification for Loan Agreement.

Date of instrument Creating the charge

16.07.2012

Amount secured by the charge

Rs.100.000 Millions

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

Rate of Interest

As per sanction terms and as may be decided by the bank and company mutually from time to time.

 

Terms of Repayment

Repayable on demand, annually renewable.

 

Margin

Borrower shall at all times during the continuance of the security maintain a sufficient amount to provide the margin of security as may from time to time advised by the bank.

 

Extent and Operation of the charge

First exclusive charge on the current assets (including stocks and book debts) and movable fixed assets (including plant and machinery, office equipment, furniture and fixtures, etc.) of the Borrower both present and future.

 

First exclusive charge on the immovable property situated at Plot No.22, Block - B, Sector - 83, Noida, U.P

 

Others

The following charges mentioned in the clause No. 13(d) is secured in favour of Citibank N.A. Delhi for the repayment of all monies in respect of the credit facility, including outstanding balance and also all interest, costs, charges and expenses.

Short particulars of the property charged

Current assets (including stocks and book debts) and movable fixed assets (including plant and machinery, office equipment, furniture and fixtures, etc.) of the Borrower both present and future.

 

Immovable property situated at Plot No.22, Block - B, Sector - 83, Noida, U.P

Date of latest modification prior to the present modification

17.01.2012

Particulars of the present modification 

By this modification the overall limit is enhanced from Rs. 90.000 Millions to Rs.100.000 Millions and the charge is secured by:

(a) First exclusive charge on the current assets (including stocks and book debts) and movable fixed assets (including plant and machinery, office equipment, furniture and fixtures, etc.) of the Borrower both present and future.

 

(b) First exclusive charge on the immovable property situated at Plot No.22, Block - B, Sector - 83, Noida, U.P.

 

FIXED ASSETS:

 

DELHI UNIT:

 

  • Machinery
  • Testing Equipments
  • Furniture and Fixtures
  • Scooter
  • Office Equipments
  • Television
  • Generator
  • Computer
  • Factory Land
  • Factor Building

 

NOIDA UNIT:

 

·         Factory Land

·         Factor Building

·         Air Conditioner

·         Generator

·         Water and Cooler

·         Lift

·         Refrigerator

·         Mobile Phone

 

 


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.55.51

UK Pound

1

Rs.87.60

Euro

1

Rs.69.15

 

 

INFORMATION DETAILS

 

Report Prepared by :

TPT


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

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

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

-

 

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.