|
Report Date : |
05.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
MEGATECH INTERNATIONAL PRIVATE LIMITED |
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Registered
Office : |
G-1-1428, Industrial Area, Bhiwadi, Alwar - 301019, Rajasthan |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
04.04.2006 |
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Com. Reg. No.: |
17-022341 |
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Capital Investment/
Paid-up Capital: |
Rs. 0.105 Million |
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|
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CIN No.: [Company Identification
No.] |
U29199RJ2006PTC022341 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
JPRM04267E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Cement, Fertilizer and Chemical Plants. |
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No. of
Employees: |
30 (Approximately) |
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 12000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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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. Profit and Loss account 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Praveen |
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Designation : |
Director |
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Contact No.: |
91-9772214144 |
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Date : |
26.06.2012 |
LOCATIONS
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Registered Office/ Factory : |
G-1-1428, Industrial Area, Bhiwadi, Alwar - 301019, Rajasthan, India |
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Tel. No.: |
91-1493-512430 |
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Mobile No.: |
91-9772214144 [Mr. Praveen Sharma] |
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Fax No.: |
91-1493-226000 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Rajneesh Raghuyal |
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Designation : |
Director |
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Address : |
D-79, Sec-56, Noida, G. B Nagar, Uttar Pradesh, India |
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Qualification : |
M. Tech |
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Date of Appointment : |
04.04.2006 |
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DIN No.: |
01092683 |
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Other Directorships :
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Name : |
Mr. Praveen Kumar Sharma |
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Designation : |
Director |
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Address : |
R-17, |
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Qualification : |
M. Tech |
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Date of Appointment : |
04.04.2006 |
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DIN No.: |
01239323 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Rajnish Raghuyal |
|
3500 |
|
Praveen Kumar Sharma |
|
3500 |
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Manju Sharma |
|
1750 |
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Neena Raghuyal |
|
1250 |
|
Syrish Raghuyal |
|
500 |
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Total |
|
10500 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
|
Percentage |
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|
|
|
|
Directors or relatives of directors |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Cement, Fertilizer and Chemical Plants. |
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Products : |
Cement Plants
Fertilizer Plants
Chemical Plants
Material Handling
Equipment. |
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Exports : |
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Products : |
Plant and Machinery |
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Countries : |
African Countries |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
State Bank of Bikaner and Jaipur, Industrial Estate Branch, Bhiwadi -
301019 Rajasthan, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Manoj Tayal and Company Chartered Accountants |
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Address : |
K.L. 109, Kavi Nagar, Ghaziabad - 201002, Uttar Pradesh, India |
|
PAN No.: |
AAFPT2928R |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10500 |
Equity Shares |
Rs.10/- each |
Rs.0.105 million |
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|
|
|
|
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 |
0.105 |
0.105 |
0.105 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
3.073 |
2.454 |
1.160 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.178 |
2.559 |
1.265 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.001 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.504 |
0.000 |
0.328 |
|
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TOTAL BORROWING |
4.505 |
0.000 |
0.328 |
|
|
DEFERRED TAX LIABILITIES |
0.026 |
0.033 |
0.034 |
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|
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|
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|
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TOTAL |
7.709 |
2.592 |
1.627 |
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APPLICATION OF FUNDS |
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|
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|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.869 |
7.515 |
8.038 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5.008
|
3.000
|
8.224
|
|
|
Sundry Debtors |
11.898
|
12.016
|
7.530
|
|
|
Cash & Bank Balances |
0.145
|
1.777
|
1.600
|
|
|
Other Current Assets |
3.232
|
2.389
|
1.079
|
|
|
Loans & Advances |
0.357
|
3.697
|
3.634
|
|
Total
Current Assets |
20.640
|
22.879 |
22.067 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
2.845
|
10.338 |
7.730
|
|
|
Other Current Liabilities |
16.697
|
16.968 |
20.320
|
|
|
Provisions |
0.283
|
0.567 |
0.546
|
|
Total
Current Liabilities |
19.825
|
27.873 |
28.596 |
|
|
Net Current Assets |
0.815
|
(4.994) |
(6.529) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.025 |
0.071 |
0.118 |
|
|
|
|
|
|
|
|
TOTAL |
7.709 |
2.592 |
1.627 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.66
|
10.89
|
22.86
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04
|
0.82
|
0.77
|
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
No |
|
Profitability
for last three years |
No |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
Yes |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number
of the company |
U29199RJ2006PTC022341 |
|
Name of the
company |
MEGATECH
INTERNATIONAL PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
G-1-1428, Industrial Area, Bhiwadi, Alwar - 301019, Rajasthan, India E-mail: megatech2003@yahoo.com
|
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Immovable
property ·
Any interest
in immovable property ·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
State Bank of Bikaner and Jaipur, Industrial Estate Branch, Bhiwadi -
301019 Rajasthan, India E-mail: sbbj10465@sbbj.co.in
|
|
Nature of
instrument creating charge |
1.Agreement of
loan cum hypothecation.SME-2 2.Letter of
arrangement.SME-1 |
|
Date of
instrument Creating the charge |
12.08.2010 |
|
Amount secured by
the charge |
Rs.4.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest: @ 3.75%
above the base rate which is presently 7.75% p.a., Present effective rate is
11.50% p.a., with monthly rest subject to change from time to time. Terms of
Repayment Repayable on
demand. Margin 25% on DLC value
of property mortgage. Extent and
Operation of the charge The charge will
operate as first charge to the extent of Rs.4.000 Millions to secure
overdraft facility granted to the company by the bank |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First charge by way
of hypothecation of all stocks of raw material, semi finished and finished
goods such as electronic motors 400/450 HP, Iron Sheets, Cements plants,
fortilizor plants, barings, steels golmill, packing machine and other related
materials, stock in process , consumable goods, stores and spares, all
present and future book debts, all present and future movable plant,
machinery and all present and future current and fixed assets of the company
as a security to cover overdraft limit of Rs.4.000 Millions granted to the
company by the bank. Equitable
Mortgage is extended on immovable property of the company comprising factory
land and building constructed or to be constructed, Fixed plant and
machinery, erected or to be erected both present and future situated at G-1,
1428, Phase-5, RIICO Industrial Area, Bhiwadi to cover overdraft facility of
Rs.4.000 Millions granted to the company by the bank. |
FIXED ASSETS
AS PER WEBSITE DETAILS:
PROFILE
Subject is manufacturer of Cement Plants,
Fertilizer Plants and Chemical Plants with customized engineering solutions for
international as well as domestic market by using the latest state-of-art
technology with high standards in different capacity and this is the reason
that within a short span of time, MIPL became a leading name in this field.
In the category of heavy engineering, Subject is
a well known company manufacturing and exporting Sugar Mill Equipment, Sugar
Mill Machinery, Mill Equipment, Mill Machinery, Cement Plants, Fertilizer
Plants, Chemical Plants and Material Handling Equipments. Through years of
experience, they have consolidated there selves as a leading manufacturer in
the field of cement, Fertilizer and chemical Plants. They have an experienced
team of engineers, technocrats, fabricators, consultants and designers working
in co-ordination with there clients.
There cement, fertilizers and chemical plants
have been installed in several countries in India and abroad. They are
presently exporting there products to industrial houses in Rwanda, Bangladesh,
Sudan, Port of Sudan, Iran, Azerbaijan, Uganda, Mozambique, Jamaica, Madagascar,
Ghana, Tanzania and India.
They in company ensure benefit of company's
stakeholders, employees, clients and society through there Policies. In the
field of engineering MIPL did a tremendous job to introduce a new technology
which is first time in the world i.e by installing a Pozzolana plant in Ghana
by using Clay and Palm husk as raw material. This pozzolana used as an additive
in converting OPC to PPC Cement.
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.54.55 |
|
|
1 |
Rs.85.48 |
|
Euro |
1 |
Rs.68.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
VRN |
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 |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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.