Business
information report
1. Summary Information
|
|
|
Country |
|
|
Company Name |
SAFEX FIRE SERVICES LIMITED |
Principal Name 1 |
Mr. Jitendra Chhotalal Shah |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Rajnikant Chhotalal Shah |
|
|
|
Registration # |
11-127212 |
|
Street Address |
202, ‘A’ Dhanraj Industrial Estate, Sunmill Road, Lower Parel (W),
Post Box No. 6314, Mumbai – 400 013, |
||
|
Established Date |
16.06.2000 |
SIC Code |
-- |
|
Telephone# |
91-249381408 / 24938129 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-24950224 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Fire fighting equipments |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
12,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate (16.67%) Directors or relatives of directors
(83.33%) |
Banking |
Bank of |
|
Public Limited Corp. |
No |
Business Period |
12 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
|
Safex Fire Protection System Private
Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
171,271,000 |
Current Liabilities |
129,224,000 |
|
Inventories |
15,009,000 |
Long-term Liabilities |
37,185,000 |
|
Fixed Assets |
50,368,000 |
Other Liabilities |
8,090,000 |
|
Deferred Assets |
000 |
Total Liabilities |
174,499,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
50,149,000 |
|
|
|
Net Worth |
62,149,000 |
|
Total Assets |
236,648,000 |
Total Liab. & Equity |
236,648,000 |
|
Total Assets (Previous Year) |
200,350,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
393,927,000 |
Net Profit |
8,738,000 |
|
Sales(Previous yr) |
312,464,000 |
Net Profit(Prev.yr) |
6,928,000 |
|
Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAFEX FIRE SERVICES LIMITED |
|
|
|
|
Registered
Office : |
202, ‘A’ Dhanraj Industrial Estate, Sunmill Road, Lower Parel (W),
Post Box No. 6314, Mumbai – 400 013, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.06.2000 |
|
|
|
|
Com. Reg. No.: |
11-127212 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 12.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29193MH2000PLC127212 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS42020G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS7539M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Fire fighting Equipments. |
|
|
|
|
No. of Employees
: |
Not Available |
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 200000 |
|
|
|
|
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. |
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 / Head Office : |
202, ‘A’ Dhanraj Industrial Estate, Sunmill Road, Lower Parel (W),
Post Box No. 6314, Mumbai – 400 013, Maharashtra, India |
|
Tel. No.: |
91-249381408 / 24938129 |
|
Fax No.: |
91-22-24950224 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch 1 : |
Ahmedabad, |
|
Tel. No.: |
91-79- 26584650 |
|
Fax No.: |
91-79- 26580963 |
|
E-Mail : |
|
|
|
|
|
Branch 2 : |
|
|
Tel. No.: |
91-265-
22793982 |
|
Fax No.: |
91-265-
22793982 |
|
|
|
|
Branch 3 : |
|
|
Tel. No.: |
91-80-23287779 |
|
Fax No.: |
91-80-23287809 |
|
E-Mail : |
|
|
|
|
|
Branch 4 : |
|
|
Tel. No.: |
91-11-4554 65/ 4554 6512 |
|
Fax No.: |
91-11-4554 6513 |
|
E-Mail : |
|
|
|
|
|
Branch 4 : |
|
|
Tel. No.: |
91-1044 - 26411855 |
|
Fax No.: |
91-1044 - 26427580 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Jitendra Chhotalal Shah |
|
Designation : |
Whole time Director |
|
Address : |
4, Pankaj,
Andheri Co-op. Hsg. Soc. Limited, V.P. Road, Andheri (W), Mumbai – 400058,
Maharashtra, India |
|
Date of Birth/Age : |
4/05/1946 |
|
Date of Appointment : |
16/06/2000 |
|
DIN No.: |
00283217 |
Other Directorship :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U29193MH2000PLC127212 |
SAFEX FIRE
SERVICES LIMITED |
Whole-time
director |
01-08-10 |
16-06-00 |
Active |
NO |
|
Name : |
Mr. Rajnikant Chhotalal Shah |
|
Designation : |
Whole time Director |
|
Address : |
301 A,
Fairlyland Building, Opp. HDFC Bank, 10th Road, Juhu Scheme, Vile Parle (W),
Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
25/09/1949 |
|
Date of Appointment : |
16/06/2000 |
|
DIN No.: |
00283117 |
Other Directorship :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U29193MH2000PLC127212 |
SAFEX FIRE
SERVICES LIMITED |
Whole-time
director |
01-08-10 |
16-06-00 |
Active |
NO |
|
Name : |
Mr. Sandeep Chhotalal Shah |
|
Designation : |
Managing Director |
|
Address : |
4, Pankaj,
Andheri Co-op. Hsg. Soc. Limited., V.P. Road, Andheri (W), Mumbai – 400058,
Maharashtra, India |
|
Date of Birth/Age : |
08/12/1962 |
|
Date of Appointment : |
16/06/2000 |
|
DIN No.: |
00283037 |
Other Directorship :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U29193MH2000PLC127212 |
SAFEX FIRE
SERVICES LIMITED |
Managing
director |
01-08-10 |
16-06-00 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Jitendra Chhotalal Shah |
|
283334 |
|
Sandeep Chhotalal Shah |
|
283333 |
|
Rajnikant Chhotalal Shah |
|
50000 |
|
Daksha Rajnikant Shah |
|
130000 |
|
Damyanti Jitendra Shah |
|
50000 |
|
Pratibha Sandeep Shah |
|
50000 |
|
Rishit Rajnikant Shah |
|
153333 |
|
Safex Fire Protection System Private Limited, |
|
200000 |
|
Total |
|
1200000 |
AS ON 30.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
16.67 |
|
Directors or relatives of directors |
|
83.33 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Fire fighting Equipments. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
Bankers : |
Bank of Baroda, Andheri West Branch, Khajina Mahal, 189, S.V. Road, Andheri
(West), Mumbai – 400058, Maharashtra, India |
|||||||||||||||||||||||||||
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Facilities : |
|
|||||||||||||||||||||||||||
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. G. Shah and Company Chartered Accountants |
|
Address : |
15, Shram Sadhna Bldg., 57, Dr. D. V. Pradhan Road, Hindu Colony Lane
No. 1, Dadar (East), Mumbai – 400014, Maharashtra, India |
|
Tel. No.: |
91-22-24146416 /24147197 |
|
Fax No.: |
91-22-24096497 |
|
Pan No.: |
AACPS4503J |
|
E-Mail : |
|
|
|
|
|
|
|
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs. 10/- each |
Rs. 12.000
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 |
12.000 |
12.000 |
12.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
50.149 |
41.411 |
34.483 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
62.149 |
53.411 |
46.483 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
20.030 |
10.603 |
13.243 |
|
|
2] Unsecured Loans |
17.155 |
24.021 |
28.392 |
|
|
TOTAL BORROWING |
37.185 |
34.624 |
41.635 |
|
|
DEFERRED TAX LIABILITIES |
7.418 |
7.126 |
6.734 |
|
|
|
|
|
|
|
|
TOTAL |
106.752 |
95.161 |
94.852 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
50.368 |
46.459 |
47.092 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.074 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
15.009
|
7.499 |
5.872 |
|
|
Sundry Debtors |
139.953
|
134.187 |
126.995 |
|
|
Cash & Bank Balances |
26.284
|
7.976 |
5.612 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
5.034
|
4.229 |
4.216 |
|
Total
Current Assets |
186.280
|
153.891 |
142.695 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
121.618
|
93.055 |
89.302 |
|
|
Other Current Liabilities |
7.606
|
12.134 |
5.656 |
|
|
Provisions |
0.672
|
0.000 |
0.051 |
|
Total
Current Liabilities |
129.896
|
105.189 |
95.009 |
|
|
Net Current Assets |
56.384
|
48.702 |
47.686 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
106.752 |
95.161 |
94.852 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
393.927 |
312.464 |
318.067 |
|
|
|
Other Income |
0.290 |
0.729 |
0.329 |
|
|
|
TOTAL (A) |
394.217 |
313.193 |
318.396 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Cost |
302.889 |
238.832 |
246.767 |
|
|
|
Manufacturing Expenses |
11.181 |
8.041 |
8.591 |
|
|
|
Administrative, Selling and Other Expenses |
47.359 |
37.582 |
31.841 |
|
|
|
Employee Benefits |
14.407 |
12.913 |
11.816 |
|
|
|
TOTAL (B) |
375.836 |
297.368 |
299.015 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
18.381 |
15.825 |
19.381 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.545 |
2.997 |
5.172 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.836 |
12.828 |
14.209 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.891 |
2.743 |
2.460 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12.945 |
10.085 |
11.749 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.207 |
3.157 |
4.266 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.738 |
6.928 |
7.483 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
23.411 |
16.483 |
9.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
32.149 |
23.411 |
16.483 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1.592 |
7.035 |
7.035 |
|
|
TOTAL EARNINGS |
1.592 |
7.035 |
7.035 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
42.995 |
40.802 |
23.618 |
|
|
|
Capital Goods |
0.121 |
0.135 |
0.635 |
|
|
TOTAL IMPORTS |
43.116 |
40.937 |
24.253 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.28 |
5.77 |
7.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.22
|
2.21 |
2.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.29
|
3.23 |
3.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.47
|
6.65 |
6.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.19 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.81
|
2.75 |
3.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43
|
1.46 |
1.50 |
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 |
No |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
-------------- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
Yes |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
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 |
OPERATIONS AND FUTURE OUTLOOK :
The Company has achieved turnover of
Rs. 393.927 Millions during the year as against turnover of Rs. 312.464
Millions during the previous year, which represents increase of about 26%. Net
Profit after Tax for the year under consideration is Rs. 8.738 Millions as
against Net Profit after Tax of Rs. 6.928 Millions during the previous year.
The Directors are making constant efforts to improve the performance of the
company and major marketing efforts are made in this direction.
BACKGROUND
The Company incorporated on
16th June, 2000 is a leading manufacture of Fire fighting Equipments.
CONTINGENT LIABILITIES NOT
PROVIDED FOR
(i) Differential tax
liability on account of uncollected sales tax exemption forms 2006.07, 2007.08,
2008.09 Rs. 14.523 Millions
The figures are as per VAT
AUDIT reports for the years 2006.07, 2007.08, 2008.09, forms collected
afterwards and differential tax liability for the year 2009.10 is not
ascertained.
(ii) Letter of Credit Rs.
(Previous year Rs. 2,811,647)
(iii) Bank Guarantee Rs.
4.112 Millions
(iv) Disrupted tax
Liabilities
|
Name of
the Statute |
Central
Excise Act |
Central
Excise Act |
|
Nature of
the dues |
Excise
Duty |
Penalty |
|
Amount
(Rs.) |
52,525 |
1,672,284 |
|
Period to
which amount relates |
July 1993
to October 1997 |
FY
2004.05 and from December 2007 to March 2009. |
|
Forum
where dispute is pending |
Tribunal |
Tribunal |
FIXED ASSETS:
AS PER WEB DETAILS
PROFILE
Subject
is an ISO 9001 2000 certified company with over 37 years of experience in the field
of FIRE PROTECTION. The company started with the manufacture of FIRE EXTINGUISHERS and is
today stands among the top three companies in the country manufacturing and
marketing these products. All their products bear the stamp of ISI Mark, MMD
Approval and EN3 approved Fire Extinguishers. Company is also known for its
adherence and Commitment to quality and service. Company has set up a new
sophisticated and one of the largest manufacturing plant in April, 2001 at
Palghar, (
In order to back with excellent and efficient after sales
services, we have opened branch offices in Metropolitan cities in
As a natural extension to our activities we also undertake specialized turnkey assignments in active FIRE PROTECTION. The scope of activities cover the following.
FIRE
ALARM AND DETECTION SYSTEMS
- Conventional and Microprocessor based intelligent
- Computerised systems - fire hydrant systems
- Wet riser and down comer systems
- Automatic sprinkler systems
- Medium and high velocity water spray systems
- CO2 flooding systems.
- Clean agent gas base system.
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. 54.38 |
|
|
1 |
Rs. 86.55 |
|
Euro |
1 |
Rs. 69.30 |
INFORMATION DETAILS
|
Report Prepared
by : |
ACH |
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 |
Yes |
|
--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.