1. Summary Information
|
|
|
Country |
|
|
Company Name |
Sumaria
Appliances Private Limited |
Principal Name 1 |
Mr. Premchand Keshavji Shah |
|
Status |
Moderate |
Principal Name 2 |
Mr. Nihal Premchand Shah |
|
|
|
Registration # |
11-128806 |
|
Street Address |
Shop No.8-11, King’s Corner, L J Road, Opposite Victoria Church,
Mahim, Mumbai – 400 016, Maharashtra, India |
||
|
Established Date |
21.09.2000 |
SIC Code |
-- |
|
Telephone# |
91-22-25799210/ 24313020 |
Business Style 1 |
Wholesalers |
|
Fax # |
91-22-25799208 |
Business Style 2 |
Dealers |
|
Homepage |
Product Name 1 |
Consumer, Durable Products, |
|
|
# of employees |
200 (Approximately) |
Product Name 2 |
Communication Technology Products |
|
Paid up capital |
Rs.100,000/-
|
Product Name 3 |
Media Products |
|
Shareholders |
Directors or relatives of
directors- 100% |
Banking |
ICICI Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
12 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
20,948,000 |
Current Liabilities |
19,365,000 |
|
Inventories |
44,890,000 |
Long-term Liabilities |
78,215,000 |
|
Fixed Assets |
39,698,000 |
Other Liabilities |
367,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
97,947,000 |
|
Invest& other Assets |
5,822,000 |
Retained Earnings |
13,311,000 |
|
|
|
Net Worth |
13,411,000 |
|
Total Assets |
111,358,000 |
Total Liab. & Equity |
111,358,000 |
|
Total Assets (Previous Year) |
111,016,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
Not Available |
|
Sales(Previous yr) |
248,147,000 |
Net Profit(Prev.yr) |
Not Available |
MIRA
INFORM REPORT
|
Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUMARIA APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No.8-11, King’s Corner, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.09.2000 |
|
|
|
|
Com. Reg. No.: |
11-128806 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51325MH2000PTC128806 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS27031E |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Wholesalers, Distributors, Traders, Retailers, Importers, Exporter and
Dealers in All Types of Consumer, Durable Products, Information and
Communication Technology Products, Media Products, Entertainment Products and
its Accessories and Consumables. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 54000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings with some caution.
Note: The latest 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) |
|
|
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 : |
Shop No.8-11, King’s Corner, |
|
Tel. No.: |
91-22-25799210/ 24313020/ 61916868 |
|
Fax No.: |
91-22-25799208/ 25967037 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Branches : |
Located At :- · Mahim · Chembur · Thane ·
|
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Premchand Keshavji Shah |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
81, Dadar Silver Beach CHS, off, Veer Savarkar Marg, Dadar, Mumbai –
400 028, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.06.1943 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.09.2000 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00130255 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nihal Premchand Shah |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
81, Dadar Silver Beach CHS, off, Veer Savarkar Marg, Dadar, Mumbai –
400 028, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.04.1971 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.09.2000 |
||||||||||||||||||||||||||||||||||||
|
Email : |
|||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00130305 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sharman Premchand Shah |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
81, Dadar Silver Beach CHS, off, Veer Savarkar Marg, Dadar, Mumbai –
400 028, |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.06.1975 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.09.2000 |
||||||||||||||||||||||||||||||||||||
|
Email : |
|||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00130344 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Premchand K Shah |
|
238 |
|
Nihal Premchand Shah |
|
250 |
|
Sharman Shah |
|
250 |
|
Sushila Premchand Shah |
|
250 |
|
Manisha N Shah |
|
1 |
|
Dhara S Shah |
|
1 |
|
Vanechand N Vora |
|
1 |
|
Mrudula V Shah |
|
1 |
|
Premchand K Shah HUF |
|
1 |
|
Hira G Vora |
|
1 |
|
Maniben Shah |
|
1 |
|
Premchand K Shah HUF |
|
1 |
|
Mahendra H. Gada (HUF) |
|
1 |
|
Pramod Jayantilal Vyas |
|
1 |
|
Saroj Alpesh Rawal |
|
1 |
|
Kiran Jagdish Rawal |
|
1 |
|
|
|
|
|
Total |
|
1000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesalers, Distributors, Traders, Retailers, Importers,
Exporter and Dealers in All Types of Consumer, Durable Products, Information and
Communication Technology Products, Media Products, Entertainment Products and
its Accessories and Consumables. |
GENERAL INFORMATION
|
Suppliers : |
· Akal Consumer Electronics Industries Limited · Dentsu Marcom Private Limited · Eta Star Appliances Private Limited · Just Dial Private Limited · L G Electronics India Limited · IFB India Limited · Rahi Electronics Private Limited · Samsung India Electronics Limited · Whirlpool of India Limited · Carrier Aircon Limited · Philips India Limited · Bajaj Electricals Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
· Aimco Pesticides Limited · Godrej Appliances Limited · Indian Hotels Company Limited · Kesri Tours and Travels ·
Lasalle partners ( · Rediffusion Dy and R Private Limited · SKF Bearing Limited · HSBC Limited · Samsung Electronics India Private Limited · Solutions Integrated Marketing Services Private Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· ICICI Bank Limited, Land Mark Race Cource Circle , Alkapuri, Baroda – 390015, Gujarat, India · Citi Bank NA Citigroup Centre, Bandra Kurla Complex, G – Block Bandra (East), Mumbai – 400051,
Maharashtra, India · Bank of Baroda, Shivaji Park Branch, Mumbai-400016, Maharashtra, India · Canara Bank ·
Union Bank of |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J H Ghumara and Company Chartered Accountants |
|
Address : |
B/14, Jessika Natakwala Lane, S. V. Road, Borivali East, Mumbai –
400066, Maharashtra, India |
|
PAN No.: |
AAIPG6171A |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500 |
Equity Shares |
Rs.100/- each |
Rs.0.450 million |
|
500 |
14% Cumulative Participating Redeemable Preference Shares |
Rs.100/- each |
Rs.0.050 million |
|
|
|
|
|
|
|
Total |
|
Rs.0.500 million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity shares |
Rs.100/-
each |
Rs.0.100
million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.311 |
10.636 |
21.218 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.411 |
10.736 |
21.318 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
78.215 |
71.240 |
100.391 |
|
|
TOTAL BORROWING |
78.215 |
71.240 |
100.391 |
|
|
DEFERRED TAX LIABILITIES |
0.367 |
0.367 |
0.368 |
|
|
|
|
|
|
|
|
TOTAL |
91.993 |
82.343 |
122.077 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
39.698 |
39.717 |
27.924 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.822 |
4.822 |
16.559 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
44.890
|
51.719
|
54.896
|
|
|
Sundry Debtors |
8.877
|
4.102
|
0.965
|
|
|
Cash & Bank Balances |
0.863
|
1.117
|
2.172
|
|
|
Other Current Assets |
4.423
|
5.570
|
4.501
|
|
|
Loans & Advances |
6.785
|
3.969
|
27.022
|
|
Total
Current Assets |
65.838
|
66.477 |
89.556 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
4.081
|
17.105
|
9.811
|
|
|
Other Current Liabilities |
|
7.869
|
3.237
|
|
|
Provisions |
|
3.699
|
5.471
|
|
Total
Current Liabilities |
19.365
|
28.673
|
18.519
|
|
|
Net Current Assets |
46.473
|
37.804
|
71.037
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
6.557 |
|
|
|
|
|
|
|
|
TOTAL |
91.993 |
82.343 |
122.077 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
248.147 |
243.541 |
|
|
|
Other Income |
|
1.075 |
2.328 |
|
|
|
TOTAL (A) |
|
249.222 |
245.869 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
216.124 |
214.953 |
|
|
|
Managerial Remuneration and Employee Cost |
|
7.188 |
7.658 |
|
|
|
Administrative & Other Expenses |
|
15.629 |
21.075 |
|
|
|
Selling & Distribution Expenses |
|
11.298 |
6.765 |
|
|
|
TOTAL (B) |
|
250.239 |
250.451 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(1.017) |
(4.582) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.284 |
4.656 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(1.301) |
(9.238) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
NA |
2.383 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
NA |
(11.621) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
NA |
0.820 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
NA |
(12.441) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
-- |
(12441.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA |
(5.06) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
(4.77) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
(9.89) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
(0.55) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.28
|
9.31 |
5.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.40
|
2.32 |
4.84 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
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 |
|
Promoter’s Background |
Yes |
|
No. of Employees |
Yes |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last two years |
Yes |
|
Profitability for last one years |
Yes |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
No |
|
Details of sister concerns |
No |
|
Major Suppliers |
Yes |
|
Major Customers |
Yes |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
FORM 8:-
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U51325MH2000PTC128806 |
|
Name of the
company |
SUMARIA APPLIANCES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Shop No.8-11, King’s Corner, |
|
Type of charge |
Others - (Credit
Card Receivables) |
|
Particular of
charge holder |
CIN No.: L65190GJ1994PLC021012 ICICI Bank Limited, Land Mark Race Cource Circle , Alkapuri, Baroda – 390 015, Gujarat, India E-Mail: mehta.vishal@icicibank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of Hypothecation
dated 30.07.2007 executed by Sumaria Appliances Private Limited in favour of
ICICI Bank Limited at Mumbai. |
|
Date of
instrument Creating the charge |
30.07.2007 |
|
Amount secured by
the charge |
Rs.7.000 millions
|
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest:
IBAR (15.75%) +
CC Premia (0.50%) – 3.25% p.a. (Subject to a minimum of 13.0% p.a.) Terms of
Repayment: On demand Extent and
Operation of the charge: Credit Card
Receivables, present and future by way of exclusive charge. Others: All other terms
and conditions as applicable in DOH. |
FIXED ASSTES:
· Motor Car
· Computers
· Air Conditioners
· Furniture and Fixtures
· Telephone Equipments
· Fax Machines
· Electrical Installation
· Neon Sign Board
· Refrigerator
· Water Purifier
· Cable Disk
· Shop Premises
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.53.24 |
|
|
1 |
Rs.86.14 |
|
Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.