|
Report Date : |
09.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
SYNERGY GREEN INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
392, E Ward, Shahupuri, Kolhapur-416 001, |
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Country : |
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|
|
Financials (as
on) : |
31.03.2011 [Balance Sheet] |
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|
|
|
Date of
Incorporation : |
08.10.2010 |
|
|
|
|
Com. Reg. No.: |
11-137493 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100PN2010PTC137493 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
KLPS08450B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Foundry Material, Pig Iron, Resin Catalyst, Pneumatic
Tools etc. |
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|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Recently commenced business activity |
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|
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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|
|
Comments : |
Although the company was incorporated in the year 2010, the business
activities are commenced during June 2012. Business is active. Initially, the company can be considered for business dealings on a
safe and secured trade terms and conditions only. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
|
Name : |
Mr. Amol |
|
Designation : |
Office Executive |
|
Contact No.: |
91-9657303891 |
|
Date : |
06.07.2012 |
LOCATIONS
|
Registered / Corporate Office: |
392, E Ward, Shahupuri, Kolhapur-416 001, |
|
Tel. No.: |
91-231-2658375 |
|
Mobile No.: |
91-9657303891 (Mr. Amol) |
|
Fax No.: |
91-231-2658375 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory : |
C18, MIDC, Kagal, 5-Star Industrial Area, Hatkanagale, Kolhapur-416
216, |
|
Tel. No.: |
91-231-2658375 / 91-230-2305311 / 2305312 |
|
Fax No.: |
91-231-2658375 |
DIRECTORS
As on 21.12.2011
|
Name : |
Mr. Sachin Rajendra Shirgaonkar |
|
Designation : |
Managing Director |
|
Address : |
330, E Ward, New Shahupuri, Kolhapur-416 001, |
|
Date of Birth/Age : |
26.02.1966 |
|
Date of Appointment : |
01.01.2011 |
|
DIN No.: |
01512497 |
|
|
|
|
Name : |
Mr. Sohan Sanjeev Shirgaonkar |
|
Designation : |
Managing Director |
|
Address : |
A/P, Ugar Khurd, Taluka Athani, District Belgaum-591 316, |
|
Date of Birth/Age : |
07.12.1982 |
|
Date of Appointment : |
01.01.2011 |
|
DIN No.: |
00217631 |
|
|
|
|
Name : |
Mr. Rajendra Vinayak Shirgaonkar |
|
Designation : |
Additional Director |
|
Address : |
A/P, Ugar Khurd, Taluka Athani, District Belgaum-591 316, |
|
Date of Birth/Age : |
10.06.1935 |
|
Date of Appointment : |
19.01.2011 |
|
DIN No.: |
00542644 |
|
|
|
|
Name : |
Mr. Prafulla Vinayak Shirgaonkar |
|
Designation : |
Additional Director |
|
Address : |
A/P, Ugar Khurd, Taluka Athani, District Belgaum-591 316, |
|
Date of Birth/Age : |
10.09.1938 |
|
Date of Appointment : |
19.01.2011 |
|
DIN No.: |
00151114 |
|
|
|
|
Name : |
Mr. Chandan Sanjeev Shirgaonkar |
|
Designation : |
Additional Director |
|
Address : |
A/P, Ugar Khurd, Taluka Athani, District Belgaum-591 316, |
|
Date of Birth/Age : |
20.10.1977 |
|
Date of Appointment : |
19.01.2011 |
|
DIN No.: |
00208200 |
|
|
|
|
Name : |
Mr. Niraj Shishir Shirgaonkar |
|
Designation : |
Additional Director |
|
Address : |
12 Kostka, |
|
Date of Birth/Age : |
25.05.1972 |
|
Date of Appointment : |
19.01.2011 |
|
DIN No.: |
00254525 |
|
|
|
|
Name : |
Mr. Sanat Kumar Shirgaonkar |
|
Designation : |
Additional Director |
|
Address : |
330 E, Shahupuri, Station Road, Kolhapur-416 001, |
|
Date of Birth/Age : |
20.03.1963 |
|
Date of Appointment : |
19.01.2011 |
|
DIN No.: |
00208235 |
|
|
|
|
Name : |
Mr. Jeevan Vasant Shirgaonkar |
|
Designation : |
Additional Director |
|
Address : |
12, ,Amey Co.operative Housing |
|
Date of Birth/Age : |
18.04.1957 |
|
Date of Appointment : |
19.01.2011 |
|
DIN No.: |
00254572 |
|
|
|
|
Name : |
Mr. Anant Shrinivasrao Huilgol |
|
Designation : |
Additional Director |
|
Address : |
2147, Shrinivas, E Ward, |
|
Date of Birth/Age : |
03.06.1939 |
|
Date of Appointment : |
19.01.2011 |
|
DIN No.: |
00254492 |
KEY EXECUTIVES
|
Name : |
Mr. Amol |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 21.12.2011
|
Names of Equity Shareholders |
|
No. of Shares |
|
Sachin Rajendra Shirgaonkar |
|
5000 |
|
Sohan SAnjeev Shirgaonkar |
|
5000 |
|
S. B. Reshellers Private Limited |
|
500000 |
|
Total |
|
510000 |
As on 28.03.2012
|
Names of Allotees of Equity Shares |
|
No. of Shares |
|
S. B. Reshellers Private Limited |
|
2119922 |
|
Sachin Rajendra Shirgaonkar and Laxmi Sachin Shirgaonkar |
|
363114 |
|
Laxmi Sachin Shirgaonkar and Sachin Rajendra Shirgaonkar |
|
20000 |
|
Rajendra Vinayak Shirgaonkar and Sachin Rajendra Shirgaonkar |
|
10000 |
|
Chandan Sanjeev Shirgaonkar and Radhika Sanjeev Shirgaonkar |
|
3951 |
|
Radhika Sanjeev Shirgaonkar and Chandan Sanjeev Shirgaonkar |
|
371176 |
|
Sohan Sanjeev Shirgaonkar and Radhika Sanjeev Shirgaonkar |
|
3952 |
|
Radhika Sanjeev Shirgaonkar and Sohan Sanjeev Shirgaonkar |
|
371177 |
|
Prafulla Vinayak Shirgaonkar and Smita Prafulla Shirgaonkar |
|
51266 |
|
Smita Prafulla Shirgaonkar and Prafulla Vinayak Shirgaonkar |
|
14650 |
|
Shishir Suresh Shirgaonkar and Savita Shishir Shirgaonkar |
|
84932 |
|
Vendavagali Srinivasa Reddy and Kuberi Vendavagali Reddy |
|
750000 |
|
Dinkar Madhusudan Shirgaonkar and Shraddha Dinkar Shirgaonkar |
|
819 |
|
Vinayak Shirgaonkar Investments Private Limited |
|
72500 |
|
Prafulla Shirgaonkar Investments Private Limited |
|
15000 |
|
Suresh Shirgaonkar Investments Private Limited |
|
59246 |
|
Prabhakar Shirgaonkar Investments Private Limited |
|
4500 |
|
D. M. Shirgaonkar Investments Private Limited |
|
100433 |
|
Jeevan Vasant Shirgaonkar and Anuja Jeevan Shiragaonkar |
|
14460 |
|
Anant Shrinivas Huilgol and Asha Anant Huilgol |
|
34218 |
|
Asha Anant Huilgol and Namita Sandeep Huilgol |
|
205 |
|
Asha Anant Huilgol and Sandeep Anant Huilgol |
|
9945 |
|
Mukund Krishnaji Kulkarni and Alakananda Mukund Kulkarni |
|
11474 |
|
Ratnakar Dattatray Tagare |
|
3060 |
|
Total |
|
4490000 |
As on 28.03.2011
|
Names of Allotees of 10% Non Cumulative Redeemable Preference Shares |
|
No. of Shares |
|
S. B. Reshellers Private Limited |
|
700000 |
|
Vendavagali Srinivasa Reddy and Kuberi Vendavagali Reddy |
|
16000 |
|
Total |
|
716000 |
As on 21.12.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
98.00 |
|
Directors or relatives of Directors |
2.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Foundry Material, Pig Iron, Resin Catalyst, Pneumatic
Tools etc. |
|
|
|
|
Products : |
Ø
Foundry Material Ø
Pig Iron Ø
Resin Catalyst Ø
Pneumatic Tools Ø
Silica Sand |
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|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
|||||||||
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|||||||||
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No. of Employees : |
60 (Approximately) |
|||||||||
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|||||||||
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Bankers : |
Ø
Bank of Baroda, Kolhapur Branch, Morarji Khimji
Building, Near Jain Basti, 1st Lane, Shahupuri, Kolhapur-416 001,
Maharashtra, India Ø
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai-400 013, Maharashtra, India |
|||||||||
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|||||||||
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Facilities : |
|
|
|
|
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Banking
Relations : |
-- |
|
|
|
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Auditors : |
|
|
Name : |
Messers P. G. Bhagawat Chartered Accountants |
|
Address : |
CS No.250, B/2, Shop No.3, LGF, Anant Paradise, |
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PAN.: |
AAAFB0762E |
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|
|
|
Associates: |
S. B. Reshellers Private Limited |
CAPITAL STRUCTURE
After 21.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
1000000 |
10 % Non Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs.100.000 Millions |
|
|
TOTAL |
|
Rs.160.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000
Millions |
|
716000 |
10 % Non Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs.71.600
Millions |
|
|
TOTAL |
|
Rs.121.600 Millions |
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 |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.761 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.761 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.861 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
5.002 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
2.482 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
13.128 |
|
Total
Current Assets |
|
|
15.610 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1.955 |
|
|
Other Current Liabilities |
|
|
17.760 |
|
|
Provisions |
|
|
0.036 |
|
Total
Current Liabilities |
|
|
19.751 |
|
|
Net Current Assets |
|
|
(4.141) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.861 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
205.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
0.79 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two years |
No |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
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 |
WORKING RESULT:
Till the period ended on 31st
March, 2011, the company was engaged in setting up its plant. The company had
not started its operations. As such there was not business income during the
period covered under that period.
PROSPECTS FOR THE CURRENT YEAR:
Project work including erection and
commissioning of all equipments is expected to complete by this financial year.
Team building and training of supporting staff and workmen is planned to
complete in line with project progress. Trial production is also scheduled to
commence by this year end.
There is a good response from domestic and
international customers for the plant infrastructure. Customer selection is
being done based on industry diversification, value addition, plant
productivity and financial strength.
This year goal will be to create good
infrastructure, build vibrant team, establishing partners for machining
services and building customer confidence to provide solid business foundation
for next financial year.
Bankers Charges Report
as per Registry
|
Corporate
identity number of the company |
U27100PN2010PTC137493 |
|
Name of the
company |
SYNERGY GREEN
INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
392, E Ward, Shahupuri, Kolhapur-416 001, Email: vsr@synergygreenind.com
|
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10312548 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Bank of Baroda, Morarji Khimji
Building, Near Jain Basti, 1st Lane, Shahupuri, Kolhapur-416 001, Maharashtra,
India Email: shahup@bankofbaroda.com |
|
Nature of
instrument creating charge |
Memorandum of
Entry |
|
Date of
instrument Creating the charge |
29.03.2012 |
|
Amount secured by
the charge |
Rs.337.600
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 2.50% above Base
Rate of the Bank. (Present Base
Rate: 10.75 %.) Terms of
Repayment Period: 114 Months
along with Moratorium Period of 18 Months. Repayment: 28
Quarterly Installments as follows: 27 quarterly
installments of Rs.12.100 Millions.
Last quarterly installment of Rs.10.900 Millions. Margin 30% on
Construction of new 25% on Plant and
Machinery. Extent and
Operation of the charge Charge to secure
Term Loan of Rs.337.600 Millions with the following sub limits: Rs.58.000
Millions (For Import LC) Rs.47.500
Millions (Form Inland LC) Others Personal
Guarantee of: 1. Shri. Sachin Shirgaokar 2.
Shri. Sohan Shirgaokar |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
i) Hypothecation
of Plant and Machineries and shed materials to be purchased out of bank
finance and to be situated at Plot No. C 18, Kagal Hatkanangale Five Star
Industrial Area, ii) Equitable Mortgage
of immovable property bearing Plot No. C- 18 situated in Kagal Hatkanangale
Five Star MIDC. within the limits of
Village Pattankodoli Taluka Hatkanangle District Kolhapur, iii) admeasuring
40160 sq. mts. together with all building and structure standing thereon or
to be erected hereafter and the plant and machinery attached to the earth or
permanently fastened to anything iv) attached to
the earth both present and future. v) Collateral
Security : Extension over current
assets of company being Stock of Raw material, work in process, semi finished
goods and finished goods such as Pig Iron, CRCA vi) Ferrow
Alloys, furan sand and finished stock of Turbine Castingsand all types of
castings and Book Debts. |
|
Particulars of
the present modification |
Modification to
provide additional security by way of Mortgage on immovable property by
Deposit of Title Deeds. |
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.55.41 |
|
|
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPTP |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
1 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
11 |
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.