|
Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
MACROCOSM METALS AND ENERGY PRIVATE LIMITED |
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|
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Registered
Office : |
401, 4th Floor, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
30.09.2008 |
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|
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Com. Reg. No.: |
11-187187 |
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Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
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|
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CIN No.: [Company Identification
No.] |
U27320MH2008PTC187187 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM38324G |
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PAN No.: [Permanent Account No.] |
AAFCM9494E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Industrial Tools and Pipes. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 4200000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The
management of the company has not filed its latest financials with the government
departments. Also, the management denied to provide any information. Business
is active. Payments are unknown. The company can be considered for business dealings with some caution,
initially. 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION DECLINED BY
|
Name : |
Mr. Jacab |
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Designation : |
Finance Head |
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Contact No.: |
91-22-40260777 |
|
Date : |
02.05.2012 |
LOCATIONS
|
Registered Office : |
401, 4th Floor, Wellington Business Centre, Andheri Kurla
Road, Marol, Andheri (East), Mumbai-400059, Maharashtra, India |
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Tel. No.: |
91-22-40260777/40263777 |
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Fax No.: |
91-22-28597772 |
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E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Jaikishan Bharat Shah |
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Designation : |
Director |
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Address : |
C-105, Everest Gardens, Link Road, Ghatkopar (East), Mumbai-400074,
Maharashtra, India |
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Date of Birth/Age : |
06.10.1982 |
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Date of Appointment : |
30.09.2008 |
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Din No.: |
00609675 |
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Other Directorship:
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Name : |
Mr. Hrishikesh Bharat Shah |
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Designation : |
Director |
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Address : |
C-105, Everest Gardens, Link Road, Ghatkopar (East), Mumbai-400074,
Maharashtra, India |
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Date of Birth/Age : |
01.09.1980 |
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Date of Appointment : |
30.09.2008 |
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Din No.: |
00609689 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Jacab |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Jaikishan Bharat Shah |
|
50000 |
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Hrishikesh Bharat Shah |
|
50000 |
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Total |
|
100000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Tools and Pipes. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
State Bank of India, Mid Corporate Loan, Administration Unit, Andheri (West),
Mumbai-400053, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
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|
Name : |
Krishnkant B. Shah Chartered Accountants |
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Address : |
C/601, Padmarg Housing Society Limited, Inside Manish Darshan, J.B.
Nagar, Andheri (East), Mumbai-400059, Maharashtra, India |
|
Pan No.: |
ADTPS1104R |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.000 |
0.100 |
|
|
2] Share Application Money |
|
390.626 |
0.000 |
|
|
3] Reserves & Surplus |
|
682.429 |
0.014 |
|
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1074.055 |
0.114 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
210.646 |
0.000 |
|
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2] Unsecured Loans |
|
0.097 |
0.000 |
|
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TOTAL BORROWING |
|
210.743 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
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|
|
|
|
|
|
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TOTAL |
|
1284.798 |
0.114 |
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|
|
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|
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APPLICATION OF FUNDS |
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|
|
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|
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|
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FIXED ASSETS [Net Block] |
|
981.964 |
0.000 |
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Capital work-in-progress |
|
0.000 |
0.000 |
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|
|
|
|
|
|
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INVESTMENT |
|
0.000 |
0.000 |
|
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
209.279 |
0.000 |
|
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Sundry Debtors |
|
70.689 |
0.000 |
|
|
Cash & Bank Balances |
|
0.208 |
0.111 |
|
|
Other Current Assets |
|
6.094 |
0.000 |
|
|
Loans & Advances |
|
23.843 |
0.000 |
|
Total
Current Assets |
|
310.113 |
0.111 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
4.523 |
0.000 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
2.788 |
0.032 |
|
Total
Current Liabilities |
|
7.311 |
0.032 |
|
|
Net Current Assets |
|
302.802 |
0.079 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.032 |
0.035 |
|
|
|
|
|
|
|
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TOTAL |
|
1284.798 |
0.114 |
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KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
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|
|
|
|
|
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Debt Equity Ratio (Total Liability/Networth) |
|
|
0.20 |
0.28 |
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Current Ratio (Current Asset/Current Liability) |
|
|
42.42 |
3.47 |
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 |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
No |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
No |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
No |
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20) Export / Import details (if applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter involved in |
-- |
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23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
NOTE:
The registered office of the company has been shifted from 401, Wellington Business Centre, Marol, Andheri (East), 205, Jolly Bhavan-2, New Marine Line, Mumbai-400020, Maharashtra, India to the present address w.e.f. 30.11.2009.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10180038 |
|
Corporate
identity number of the company |
U27320MH2008PTC187187 |
|
Name of the
company |
MACROCOSM METALS
AND ENERGY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
401, 4th Floor, Wellington Business Centre, Andheri Kurla
Road, Marol, Andheri (East), Mumbai-400059, Maharashtra, India |
|
Type of charge |
Immovable
Property Others |
|
Particular of
charge holder |
State Bank of India, Mid Corporate Loan, Administration Unit, Andheri
(West), Mumbai-400053, Maharashtra, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
No instrument.
Extension of mortgage |
|
Date of
instrument Creating the charge |
31.07.2010 |
|
Amount secured by
the charge |
Rs.650.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As Per Sanction
Terms Terms of
Repayment As Per Sanction
Terms Margin As Per Sanction
Terms Extent and
Operation of the charge As Per Sanction
Terms |
|
Short particulars
of the property charged |
All present and
future goods, book debts and all other movable assets of the borrower
including documents of title to the goods, outstanding monies, receivables, Including
receivables by way of cash Assistance and/or
cash incentives under the cash incentive scheme or any other scheme, claims
including claims by way of refund of customs/ excise duties under the duty
drawback credit scheme or any Other scheme,
bills, invoices, documents, contracts, insurance policies, guarantees,
engagements, securities, investments and rights and the present and all
future machinery. Machinery such as
melting furnaces for leaded/ non leaded brass, special dc driven cold drawing
draw benches, tube pointing machines drawing draw benches, physical testing
laboratory, Electronic
weighing machine etc |
|
Particulars of
the present modification |
Now present
modification dated 31.7.2010 this charge is created towards the guarantee
given to SBI, Commercial Branch, "Bullet" Buld.,1st Floor, L.N.
Road, Hindu Colony, Dadar (E), Mumbai- by Macrocosm Metals and Energy Private
Limited (guarantor co.) By way of an exten. Of charge by way of an equipment
mortgage By dated over the immovable properties to secure the extended credit
facilities enhanced from Rs.250.000 millions to Rs. 650.000 millions loan
availed of by Macrocosm Infrastructure and Power Private Limited (borrower
company) |
FIXED ASSETS:
· Land
· Building
· Machinery
· Furniture and Fixtures
· Motor Bike
· Computer
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.52.93 |
|
|
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.