MIRA INFORM REPORT

 

 

Report Date :

11.06.2012

 

IDENTIFICATION DETAILS

 

Name :

RANGSONS ELECTRONICS PRIVATE LIMITED

 

 

Registered Office :

347, D 1 and 2, KIADB Electronic City, Hebbal Industrial Area, Mysore – 570 016, Karnataka

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

30.06.1993

 

 

Com. Reg. No.:

08-14470

 

 

Capital Investment / Paid-up Capital :

Rs.13.670 Millions

 

 

CIN No.:

[Company Identification No.]

U31909KA1993PTC014470

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BLRR02027E

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Electronic Products, PCB and Cable Harness, Printed Circuit Assembly.

 

 

No. of Employees :

429 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 770000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

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.

 

Latest profit and loss of the company is not available.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – 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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

LOCATIONS

 

Registered Office/Factory/

Corporate Office:

Plot No. 347, D 1 and 2, KIADB Electronic City, Hebbal Industrial Area, Mysore-570016, Karnataka, India

Tel. No.:

91-821-2404550/554/4280000

Fax No.:

91-821-2404529/4280060/4000369

E-Mail :

phanisha@bgl.vsnl.net.in

srinivasrao@reve.com 

info@revc.com

Website :

http://www.revc.com

Area :

20000 sq. ft.

Location :

Owned

 

 

Business Office:

Parvati Plaza, 1st Floor, 104/105, Richmond Circle, Bangalore-560025, Karnataka, India

Tel. No.:

91-80-41254701

Fax No.:

91-80-41254704

E-Mail :

srinivasrao@revc.com

 

 

Bangalore Office :

77, Hope Farm, ITPL Road, White Field, Bangalore-560006, Karnataka, India

Tel. No.:

91-80-41254701-02-03/ 4152 3820

Fax No.:

91-80-41254704

E-Mail :

info@revc.com

nhashok@revc.com

 

 

DIRECTORS

 

As on 26.09.2011

 

Name :

Mr. Arjun Murthy Ranga

Designation :

Director

Address :

2634, II Main, Gokulam, V V Mohalla, Mysore – 570002, Karnataka, India

Date of Birth/Age :

30.04.1974

Date of Appointment :

31.03.2001

Din No.:

00235226

 

S.No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Date of cessation

Company Status

Defaulting status

1

U74993KA1983PTC005435

PROSPERITY MARKETING SERVICES PRIVATE LIMITED

Director

11/5/1998

11/5/1998

-

Active

NO

2

U31909KA1993PTC014470

RANGSONS ELECTTRONICS PRIVATE LIMITED

Director

31/03/2001

31/03/2001

-

Active

NO

3

U32106KA1989PTC010234

VASU COMTECH PRIVATE LIMITED

Managing director

31/08/2001

31/08/2001

-

Amalgamated

NO

4

U24244KA1982PTC004694

RIPPLE FRAGRANCES PRIVATE LIMITED

Director

27/01/2005

27/01/2005

-

Active

NO

5

U24249KA2004PTC033618

RIPPLE FRAGRANCES EXPORTS PRIVATE LIMITED

Director

29/09/2006

29/09/2006

-

Active

NO

6

U52312KA2008PTC046353

ARJATI TRADING PRIVATE LIMITED

Director

7/5/2008

7/5/2008

-

Active

NO

7

U15143KA1979PTC003541

NATURAL AND ESSENTIAL OILS PRIVATE LIMITED

Director

27/09/2010

16/11/2009

-

Active

NO

8

U36912KA2011PTC058960

RANGSONS DEFENCE SOLUTIONS PRIVATE LIMITED

Director

3/6/2011

3/6/2011

-

Active

NO

9

U29100KA2011PTC060197

RANGSONS SCHUSTER TECHNOLOGIES PRIVATE LIMITED

Director

30/08/2011

30/08/2011

-

Active

NO

 

 

Name :

Mr. Kiran Vasu Ranga

Designation :

Director

Address :

2980, 5th Main Gokuldham, V.V. Mohalla, Mysore – 570 002, Karnataka, India

Date of Birth/Age :

29.03.1977

Date of Appointment :

14.07.2007

Din No.:

00235087

 

S.No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Date of cessation

Company Status

Defaulting status

1

U74140KA1999PTC025824

VERTEBRAND MANAGEMENT CONSULTING PRIVATE LIMITED

Director

16/01/2004

16/01/2004

1/2/2008

Active

NO

2

U15143KA1979PTC003541

NATURAL AND ESSENTIAL OILS PRIVATE LIMITED

Director

24/01/2008

1/3/2004

-

Active

NO

3

U24249KA2004PTC033618

RIPPLE FRAGRANCES EXPORTS PRIVATE LIMITED

Director

24/03/2004

24/03/2004

-

Active

NO

4

U24244KA1982PTC004694

RIPPLE FRAGRANCES PRIVATE LIMITED

Managing director

27/01/2005

27/01/2005

-

Active

NO

5

U74993KA1983PTC005435

PROSPERITY MARKETING SERVICES PRIVATE LIMITED

Director

30/09/2005

30/09/2005

-

Active

NO

6

U31909KA1993PTC014470

RANGSONS ELECTTRONICS PRIVATE LIMITED

Director

14/07/2007

6/7/2007

-

Active

NO

7

U52312KA2008PTC046353

ARJATI TRADING PRIVATE LIMITED

Director

7/5/2008

7/5/2008

-

Active

NO

8

U15141KA2010PTC052578

NESSO - KDHP NATURAL EXTRACTS PRIVATE LIMITED

Director

16/08/2011

18/10/2010

-

Active

NO

9

U36912KA2011PTC058960

RANGSONS DEFENCE SOLUTIONS PRIVATE LIMITED

Director

3/6/2011

3/6/2011

-

Active

NO

 

 

Name :

Mr. Pavan Guru Ranga

Designation :

Director

Address :

3005, Gokulam, V.V. Mohalla, Mysore – 570002, Karnataka, India

Date of Birth/Age :

29.09.1975

Date of Appointment :

14.07.2007

Din No.: 

00235202

 

 

S.No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Date of cessation

Company Status

Defaulting status

1

U74993KA1983PTC005435

PROSPERITY MARKETING SERVICES PRIVATE LIMITED

Director

31/01/2001

31/01/2001

-

Active

NO

2

U32106KA1989PTC010234

VASU COMTECH PRIVATE LIMITED

Director

31/08/2001

31/08/2001

-

Amalgamated

NO

3

U72200KA2002PTC030526

RANGSONS ELECTRONICS SOLUTIONS PRIVATE LIMITED

Managing director

21/05/2002

21/05/2002

-

Amalgamated

NO

4

U24244KA1982PTC004694

RIPPLE FRAGRANCES PRIVATE LIMITED

Director

27/01/2005

27/01/2005

-

Active

NO

5

U31909KA1993PTC014470

RANGSONS ELECTTRONICS PRIVATE LIMITED

Director

14/07/2007

6/7/2007

-

Active

NO

6

U52312KA2008PTC046353

ARJATI TRADING PRIVATE LIMITED

Director

7/5/2008

7/5/2008

-

Active

NO

7

U15143KA1979PTC003541

NATURAL AND ESSENTIAL OILS PRIVATE LIMITED

Director

27/09/2010

16/11/2009

-

Active

NO

8

U15141KA2010PTC052578

NESSO - KDHP NATURAL EXTRACTS PRIVATE LIMITED

Director

16/08/2011

23/04/2010

-

Active

NO

9

U24249KA2004PTC033618

RIPPLE FRAGRANCES EXPORTS PRIVATE LIMITED

Additional director

1/4/2011

1/4/2011

-

Active

NO

10

U36912KA2011PTC058960

RANGSONS DEFENCE SOLUTIONS PRIVATE LIMITED

Director

3/6/2011

3/6/2011

-

Active

NO

11

U29100KA2011PTC060197

RANGSONS SCHUSTER TECHNOLOGIES PRIVATE LIMITED

Director

30/08/2011

30/08/2011

-

Active

NO

 

 

Name :

Mr. Krsihnamurthy Venugopala Tenneti

Designation :

Director

Address :

No.79, Adarsh Vista, Basavanagar, Vibhuthipura, Marathahalli, Bangalore – 560 037, Karnataka, India

Date of Birth/Age :

29.06.1945

Date of Appointment :

08.02.2008

Din No.:

01338477

 

S.No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Date of cessation

Company Status

Defaulting status

1

U73100HR1999PTC037386

EMERGENT VENTURES INDIA PRIVATE LIMITED

Director

16/08/1999

16/08/1999

-

Active

NO

2

U72200MH1998PLC114664

CYGSOFT LIMITED

Director

4/5/2000

4/5/2000

5/1/2008

Active

NO

3

U72900KA2004PTC034656

BINATAR ELECTRONICS PRIVATE LIMITED

Director

9/9/2004

9/9/2004

-

Active

YES

4

U31909KA1993PTC014470

RANGSONS ELECTTRONICS PRIVATE LIMITED

Director

8/2/2008

2/11/2007

-

Active

NO

5

U73100KA1998PTC032501

INDEGENE LIFESYSTEMS PRIVATE LIMITED

Director

29/09/2008

22/07/2008

-

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 26.09.2011

 

Names of Shareholders

 

No. of Shares

Pavan Guru Ranga

 

561651

Arjun Murthy Ranga

 

300151

Anurudh M Ranga

 

300151

Kiran Vasu Ranga

 

68349

Vishnu Ranga

 

68349

Sridhar Rangarao

 

68349

 

 

 

Total

 

1367000

 

As on 26.09.2011

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Directors or relatives of directors

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Electronic Products, PCB and Cable Harness, Printed Circuit Assembly.

 

 

Products :

PRODUCT DESCRIPTION

ITEM CODE

Printed Circuits

90181300

Board Assemblies

90189099

 

PRODUCTION STATUS [AS ON 31.03.2010]

 

Particulars

Units

Actual Production

Manufacturing Income

Nos.

1874385

Populated PCBs

Nos.

220442

 

 

GENERAL INFORMATION

 

No. of Employees :

429 (Approximately)

 

 

Bankers :

State Bank of Mysore, Mysore Main Branch, No. 7, Ashoka Road, Mysore-570001, Karnataka, India

 

 

Facilities :

Secured Loan

As on 31.03.2011

[Rs. in Millions]

As on 31.03.2010

[Rs. in Millions]

Rupee term loans

109.997

67.672

Working capital loans

230.396

254.273

Total

340.393

321.945

 

 

 

Unsecured Loan

 

 

Loans directors

25.887

25.887

Others debts

17.632

17.632

Total

43.519

43.519

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

B.S. Ravikumar and Associates

Chartered Accountants

Address :

73, 2nd Floor, Sri Madhvesha Complex, Malai Mahadeshwara Road, Nazarbad, Mysore – 570 010, Karnataka, India

Pan No.:

AADFB1008N

 

 

CAPITAL STRUCTURE

 

As on 31.03.2011

 

Authorised Capital :

No. of Shares

Type

Value

Amount

4750000

Equity Shares

Rs.10/- each

Rs.47.500 Millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

1367000

Equity Shares

Rs.10/- each

Rs.13.670 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

13.670

12.070

12.070

2] Share Application Money

0.000

0.000

5.325

3] Reserves & Surplus

179.343

138.692

140.214

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

193.013

150.762

157.609

LOAN FUNDS

 

 

 

1] Secured Loans

340.393

321.945

309.656

2] Unsecured Loans

43.519

43.519

43.519

TOTAL BORROWING

383.912

365.464

353.175

DEFERRED TAX LIABILITIES

0.000

0.000

0.024

 

 

 

 

TOTAL

576.925

516.226

510.808

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

188.303

159.495

159.904

Capital work-in-progress

8.339

7.695

5.693

 

 

 

 

INVESTMENT

0.000

0.000

0.000

DEFERREX TAX ASSETS

5.624

7.784

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

324.117
280.971

273.581

 

Sundry Debtors

212.323
91.261

100.700

 

Cash & Bank Balances

23.994
17.713

47.485

 

Other Current Assets

0.000
0.000

0.000

 

Loans & Advances

58.819
62.883

57.813

Total Current Assets

619.253
452.828

479.579

Less : CURRENT LIABILITIES & PROVISIONS

 

 

 

 

Sundry Creditors

230.659
12.798

122.578

 

Other Current Liabilities

13.935
98.778

11.790

 

Provisions

0.000
0.000

0.000

Total Current Liabilities

244.594
111.576

134.368

Net Current Assets

374.659
341.252

345.211

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

576.925

516.226

510.808

 


PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2011

31.03.2010

31.03.2009

 

SALES

 

 

 

 

 

Income

 

 

 

Other Income

 

 

 

 

 

TOTAL                                    

 

612.251

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

 

 

Administrative Expenses

 

596.189

NA

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                        

 

596.189

NA

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

NA

16.062

47.938

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

 

30.717

25.567

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX

 

(14.655)

22.371

 

 

 

 

 

Less

TAX                                                     

 

(7.808)

13.764

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX

 

(6.847)

8.607

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

823.429

372.905

NA

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

NA

(5.67)

7.15

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2011

31.03.2010

31.03.2009

PAT / Total Income

(%)

NA
(1.11)

NA

 

 

 
 

 

Return on Total Assets

(PBT/Total Assets}

(%)

NA
(2.39)

3.49

 

 

 
 

 

Return on Investment (ROI)

(PBT/Networth)

 

NA
(0.09)

0.14

 

 

 
 

 

Debt Equity Ratio

(Total Liability/Networth)

 

3.26
3.16

3.09

 

 

 
 

 

Current Ratio

(Current Asset/Current Liability)

 

2.53
4.05

3.56

 

 

 

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

Yes

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

No

10) Designation of contact person

No

11) Turnover of firm for last one year

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

 

BANKERS CHARGES REPORT AS PER REGISTRY

 

This form is for

Modification of charge

Charge identification number of the modified 

90198041

Corporate identity number of the company

U31909KA1993PTC014470

Name of the company

RANGSONS ELECTTRONICS PRIVATE LIMITED

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

Plot No. 347, D 1 and 2, KIADB Electronic City, Hebbal Industrial Area, Mysore-570016, Karnataka, India

Type of charge

Book Debts

Movable Property [not being pledge]

Floating Charge

Particular of charge holder

State Bank of Mysore, Mysore Main Branch, No. 7, Ashoka Road, Mysore-570001, Karnataka, India

Email

mysore@sbm.co.in

Nature of description of the instrument creating or modifying the charge

1. FORM C-2 A: Supplemental Agreement of hypothecation of goods and assets for increase in the overall limit to Rs.68,37,00,000/-

2. Form C.1-A: Supplemental Agreement of loan for increase in overall limit.

Date of instrument Creating the charge

22.02.2012

Amount secured by the charge

Rs.683.700 Millions

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

Rate of Interest

Adhoc limit LC Rs. 52.200 Millions at card rate and BG Rs. 67.600 Millions @ 1.50%

No change in terms of existing facilities.

 

Terms of Repayment

No change in terms of existing facilities.

 

Margin

Letter of Credit - 10% Cash

Bank Guarantee - 20% Cash

 

No change in terms of existing facilities.

 

Extent and Operation of the charge

The Charge is to operate as security, by way of first exclusive charge, for the due repayment of the credit facility of Rs. 683.700 Millions together with interest, additional interests, costs, charges, expenses and all other moneys payable by the Company to the Bank in terms of sanction.

 

Others

Other terms as stipulated in supplemental agreement of hypothecation and supplemental agreement of loan dated 22.02.2012 and sanction letter.

Short particulars of the property charged

Letter of Credit: Charge on goods covered under LC and charge on current assets of the company.

Bank Guarantee : Counter guarantee of the company and charge on currents assets of the company

 

Collateral for all limits: Hypothecation charge on plant and machinery and other equipments/assets Rs.196.600 Millions (WDV as on 31.03.2011)

 

Charge registered for existing limits to continue.

Date of latest modification prior to the present modification

18.07.2011

Particulars of the present modification 

Renewal of facilities from Rs.590.200 Millions to Rs.683.700 Millions (incl. adhoc limit of Rs.119.800 Cr):

Facility                 Limits  (Rs. in Millions)

                            Existing  Revised

--------------------------------------------------

Cash Credit         325.000       325.000

Letter of Credit    120.000       172.200

BG                        20.000         87.600

Term Loan           102.700         81.100

Short Term Loan    22.500         17.800

Total                    590.200        683.700

 

FIXED ASSETS:

 

·         Land

·         Building

·         Plant and Machinery

·         Furniture and Fixtures

·         Electrical Installation

·         Software

·         Office Equipments

·         Computers and Software

·         Tools and Equipments

·         Generator

·         Borewell

·         Vehicles

 

 


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.55.36

UK Pound

1

Rs.85.64

Euro

1

Rs.69.21

 

 

INFORMATION DETAILS

 

Report Prepared by :

TPT


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

6

--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

 

49

 

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.