MIRA INFORM REPORT
|
Report Date : |
12.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHANI PERIPHERALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A/405, Shapath - 4, Opposite Karnavati Club, Sarkhej Gandhinagar
Highway, Ahmedabad – 380051, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.12.1998 |
|
|
|
|
Com. Reg. No.: |
04-35104 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.947 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30009GJ1998PTC035104 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMS00455A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS0715Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Traders of Computer Peripherals, Provide Networking
Solution. |
|
|
|
|
No. of Employees
: |
Information Denied by Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a well established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. Company can be considered good 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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.
INFORMATION DENIED BY
|
Name : |
Mr. Mahesh |
|
Designation : |
Account Department |
|
Contact No.: |
91-79-66527200 (mahesh@sppl-india.com) |
|
Date : |
10.12.2012 |
LOCATIONS
|
Registered Office : |
A/405, Shapath 4, Opposite Karnavati Club, Sarkhej Gandhinagar
Highway, Ahmedabad – 380051, Gujarat, India |
|
Tel. No.: |
91-79-66527200 |
|
Mobile No.: |
91-9824160155 (Mr. Suresh Mehta) |
|
Fax No.: |
91-79-66527231 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
4500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse: |
Ground Floor, Sursagar Flat, Near Rose Wood Estate, Near
Prernatirth Derasar, Jodhpur, Ahmedabad - 380015, Gujarat, India |
|
Tel No. |
91-79-26929325 |
|
E mail: |
|
|
Area: |
Approximately 7000 Sq ft |
|
Location : |
Rented |
|
|
|
|
Regional Office : |
Located At
|
|
|
|
|
Area Office 1 : |
B -1 / 2, Heena Apartment, 9 – Laxmi Colony, Urmi Char Rasta, Jetalpur Road, Baroda – 390005, Gujarat, India |
|
Tel No. |
91-265-2334939/ 2335436 |
|
Fax No.: |
91-265-2350120 |
|
E mail: |
|
|
|
|
|
Area Office 2: |
Kadamb, 91- Adarsh Society, Near SMC Zone Office, Off - |
|
Tel No.: |
91-261-2654980/ 2651370 |
|
Fax No.: |
91-261-2654980 |
|
E mail: |
|
|
|
|
|
Branches : |
Located at: · Mumbai ·
· Kolkata · Tamilnadu ·
|
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Dharmesh
Ashwinbhai Jasani |
|
Designation : |
Director |
|
Address : |
601, Sardar Center, Opposite Vastrapur Lake, Vastrapur,
Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
14.05.1968 |
|
Date of Appointment : |
10.12.1998 |
|
DIN No.: |
00440900 |
|
|
|
|
Name : |
Mr. Kshitij Prafulbhai Desai |
|
Designation : |
Director |
|
Address : |
A - 602, Rosewood Estate, Behind Someshwar Complex,
Satellite, Ahmedabad - 380015, Gujarat, India |
|
Date of Birth/Age : |
18.09.1965 |
|
Date of Appointment : |
10.12.1998 |
|
DIN No.: |
00440988 |
|
|
|
|
Name : |
Mr. Dilipkumar
Ratilal Jasani |
|
Designation : |
Director |
|
Address : |
B, Ground Floor, VIP Apartments, Near Atmajyoti Ashram, Ellora Park, Vadodara – 390007, Gujarat,
India |
|
Date of Birth/Age : |
29.03.1953 |
|
Date of Appointment : |
10.12.1998 |
|
DIN No.: |
00441082 |
|
|
|
|
Name : |
Mr. Rajiv
Harshadrai Jasani |
|
Designation : |
Director |
|
Address : |
601, Sardar Center, Opposite Vastrapur Lake, Vastrapur,
Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
13.12.1971 |
|
Date of Appointment : |
10.12.1998 |
|
DIN No.: |
01736135 |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of
Shareholders |
|
No. of Shares |
|
|
|
|
|
Kshitij Prafulbhai Desai s/o Praful Desai |
|
204345 |
|
Dilip Ratilal Jasani s/o Ratilal Jasani |
|
62000 |
|
Dharmesh Jasani s/o. Ashvin Jasani |
|
71260 |
|
Rajiv Jasani s/o. Harshadrai |
|
76723 |
|
Asha Desai w/o. Kshitij Desai |
|
72470 |
|
Nita Jasani |
|
41562 |
|
Nisha Jasani w/o Dharmesh Jasani |
|
13680 |
|
D. R. Jasani HUF |
|
28150 |
|
Aakash K. Desai |
|
160 |
|
Kshitij Desai (HUF) |
|
5440 |
|
Kunal K. Desai |
|
240 |
|
Praful K. Desai |
|
14720 |
|
Rekha D. Jasani |
|
4000 |
|
Total |
|
594750 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Traders of Computer Peripherals, Provide Networking
Solution |
|
|
|
|
Products : |
Computer Hardware, Peripherals and Networking Products |
GENERAL INFORMATION
|
No. of Employees : |
Information Denied by Management |
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Bankers : |
· Union Bank of India Limited, Jodhpur Tekra Branch, Moti Park, Satellite Road, Ahmedabad – 380015, Gujarat, India · HDFC Bank Limited · Standard Chartered Bank, Ground Floor, Abhijeet IV Near Mahakali Six Roads, Ahmedabad – 380006, Gujarat, India |
|||||||||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||
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Banking
Relations : |
-- |
|
|
|
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Auditors : |
|
|
Name : |
B. K. Patel and Company Chartered Accountants, |
|
Address : |
301, Samruddhi, Opposite High Court, Nav Jivan Post Office, Ahmedabad
- 380009, Gujarat, India |
|
PAN No.: |
AABFB6705C |
|
|
|
|
Name : |
C. K. Damani and Associates Chartered Accountant |
|
Address : |
Ahmedabad - 380009, Gujarat, India |
|
PAN No.: |
AAUPD7878D |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
594750 |
Equity Shares |
Rs.10/- each |
Rs. 5.947
Millions |
|
|
|
|
|
(a) Reconciliation of Equity Shares outstanding at the beginning and at the
end of reporting period:
|
Particulars |
Number of Shares |
Rs. |
|
At beginning of the period |
494750 |
10 |
|
Additions during the period |
100000 |
10 |
|
Outstanding at the beginning of the period |
594750 |
10 |
(b) Terms/rights attached to Equity Shares
The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity share is entitled to one vote per share.
In the event of liquidation of the company, the holder equity shares will be entitled to receive remaining assets of the company after distribution of all preferential amounts. The distribution will be in the proportion to the number of equity shares held by the shareholders
(c) Details of
Shareholders holding more than 5% shares in the company:
|
Particulars |
Number |
% of holding |
|
Kshitij Desai |
204345 |
34 |
|
Dilip Jasani |
62000 |
10 |
|
Dharmesh Jasani |
71260 |
12 |
|
Rajiv Jasani |
76723 |
13 |
|
Asha Desai |
72470 |
12 |
|
Nita Jasani |
41562 |
7 |
|
D. R. Jasani HUF |
28150 |
5 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.947 |
4.947 |
4.947 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
47.648 |
34.164 |
10.911 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
53.595 |
39.111 |
15.858 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
48.608 |
41.482 |
33.463 |
|
|
2] Unsecured Loans |
0.000 |
12.750 |
9.095 |
|
|
TOTAL BORROWING |
48.608 |
54.232 |
42.558 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.001 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
102.203 |
93.344 |
58.416 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
25.100 |
26.974 |
7.406 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.012 |
0.000 |
0.000 |
|
|
OTHER NON CURRENT ASSETS |
0.475 |
0.760 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
50.607
|
36.386 |
28.291 |
|
|
Sundry Debtors |
42.529
|
69.364 |
47.217 |
|
|
Cash & Bank Balances |
2.854
|
2.821 |
4.037 |
|
|
Other Current Assets |
4.729
|
3.987 |
0.000 |
|
|
Loans & Advances |
0.556
|
0.000 |
3.956 |
|
Total
Current Assets |
101.275
|
112.558 |
83.501 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
18.869
|
42.394 |
28.267 |
|
|
Other Current Liabilities |
1.512
|
1.526 |
0.724 |
|
|
Provisions |
4.278
|
3.028 |
3.517 |
|
Total
Current Liabilities |
24.659
|
46.948 |
32.508 |
|
|
Net Current Assets |
76.616
|
65.610 |
50.993 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.017 |
|
|
|
|
|
|
|
|
TOTAL |
102.203 |
93.344 |
58.416 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Sales |
390.112 |
387.872 |
385.067 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.340 |
5.382 |
4.732 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.371 |
1.841 |
1.559 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
2.969 |
3.541 |
3.173 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.99 |
7.16 |
6.41 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.36 |
2.58 |
4.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.11 |
2.39 |
2.57 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry
Creditors:
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Advances from Customers |
0.000 |
24.583 |
0.000 |
|
Creditors for Capital Goods |
0.000 |
0.000 |
0.067 |
|
Creditors for Goods |
18.375 |
16.244 |
26.465 |
|
Creditors for Expenses |
0.494 |
1.567 |
1.735 |
|
Total |
18.869 |
42.394 |
28.267 |
|
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 |
Yes |
|
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three 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] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered office of the company has been shifted from 1st
Floor, B Tower, Silicon Valley, Besides Bank of Baroda, 132 Cross Road,
Satellite, Ahmedabad – 380054, Gujarat, India to present address w.e.f. 01.02.2006
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U30009GJ1998PTC035104 |
|
Name of the
company |
SHANI PERIPHERALS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
A - 405, Shapath - 4, Opposite Karnavati Club, S G Highway, Ahmedabad-
380051, Gujarat, India |
|
This form is for |
Modification of
Charge |
|
Charge
identification number of the modified |
10361599 |
|
Type of charge |
Immovable Property |
|
Particular of charge
holder |
Standard Chartered Bank Ground Floor, Abhijeet IV Near Mahakali Six Roads, Ahmedabad – 380006, Gujarat, India |
|
Nature of
instrument creating charge |
Memorandum of entry
dated 11.09.2012 |
|
Date of
instrument Creating the charge |
11.09.2012 |
|
Amount secured by
the charge |
Rs.99.500
Millions |
|
Brief of the
principal terms and conditions and extent and operation of the charge |
Rate of Interest As Agreed by and with
the bank from time to time Terms of Repayment As Agreed by and
with the bank from time to time Margin As per bank's
sanction Extent and Operation of the charge First Exclusive
Charge on Securities mentioned in column No.15 for Rs. 99.500 Millions |
|
Short particulars
of the property charged |
|
|
Date of last modification prior to the present modification |
01.05.2012 |
|
Particulars of
the Present Modification |
Now the said
Facility of Rs. 99.500 Millions also secured against Mortgage of the
Immovable Property as mentioned in 2nd Schedule of Memorandum of Entry. |
OPERATION AND FINANCIAL RESULTS:
During the year, in presence of stiff competition even, the
Company has been able to achieve a business turnover of Rs. 390.112 Millions
and made a profit of Rs. 4.340 Millions after depreciation on assets but before
taxes.
FUTURE PROSPECTS
They promote and distribute the technologies like Wireless, Networking, Communication and Peripherals since more than 12 years now and operating from Head Office at Ahmedabad. They have billing offices at Baroda, Sural, Kolkata and Mumbai with warehouse facilities. They have their offices and network at Bangalore, Kolkata, and Delhi MP/CG. They have appointed dedicated manpower for Sales, Technical and back office all over India.
They have entered into the new vertical of CCTVYVIDEO Surveillance last year and representing the companies like: LG Security, ACTI-Taiwan, AVTECH- Taiwan and PELCO. They have dedicated Sales and Technical team for this range of business.
FIXED ASSETS
- Building
- Computer Systems
- Electric Fittings
- Furniture and Fixtures
- Office Equipment
- Vehicles
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 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. 54.32 |
|
|
1 |
Rs. 87.36 |
|
Euro |
1 |
Rs. 70.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
UDS |
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 |
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 |
|
45 |
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.