MIRA
INFORM REPORT
|
Report Date : |
10.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAMARPAN FABRICATORS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SAMARPAN FABRICATORS LIMITED |
|
|
|
|
Registered
Office : |
Plot A-182/A-183, Road 16/Z, Wagle Industrial Estate, Thane – 400604, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
04.03.2077 |
|
|
|
|
Com. Reg. No.: |
11-019532 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.350 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH1977PTC019532 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES11530B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS9672C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Suppliers of Packaging
Machines. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 72000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The financial
details for the current year is missing from government department. However, from
the previous year record company having satisfactory track. However, trade relations are reported to be fair. Business is active.
Payments are reported to be unknown. The company can be considered for business dealing with some cautions.
|
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced controls
on foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of
persistently high inflation and interest rates and little progress on economic
reforms. High international crude prices have exacerbated the government's fuel
subsidy expenditures contributing to a higher fiscal deficit, and a worsening
current account deficit. Little economic reform took place in 2011 largely due
to corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Plot A-182/A-183, Road 16/Z, Wagle Industrial Estate, Thane – 400604, Maharashtra,
India |
|
Tel. No.: |
91-22-25820373/ 25821842 |
|
Fax No.: |
91-22-25820033 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
(AS ON 28.09.2011)
|
Name : |
Mr. Rameshchndra Kalidas Patel |
|
Designation : |
Managing Director |
|
Address : |
51/52, Ajay Apartment, S. V. Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
26.08.1933 |
|
Date of Appointment : |
04.03.1977 |
|
DIN No.: |
00272615 |
|
|
|
|
Name : |
Mrs. Purnima Rameshchandra Patel |
|
Designation : |
Director |
|
Address : |
51/52, Ajay Apartment, S. V. Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
04.04.1939 |
|
Date of Appointment : |
22.08.1994 |
|
DIN No.: |
00272638 |
|
|
|
|
Name : |
Mr. Harin Rameshchandra Patel |
|
Designation : |
Director |
|
Address : |
51/52, Ajay Apartment, S. V. Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
24.06.1963 |
|
Date of Appointment : |
01.03.1992 |
|
DIN No.: |
00471426 |
|
|
|
|
Name : |
Mr. Shantibhai Kalyandas Patel |
|
Designation : |
Director |
|
Address : |
7-A, Mahavir Dham, Plot No. 50/51, 90 Garodia Nagar, Ghatkopar (East),
Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
22.12.1934 |
|
Date of Appointment : |
04.03.1977 |
|
DIN No.: |
01676043 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Rameshchndra Kalidas Patel |
|
7320 |
|
Purnima Rameshchandra Patel |
|
1425 |
|
Harin Rameshchandra Patel |
|
525 |
|
Shantibhi Kalyandas Patel |
|
450 |
|
Kalidas Patel (HUF) |
|
450 |
|
Yogi Trust |
|
1080 |
|
Kinnari Rahul Patel |
|
225 |
|
Nileshwar Rameshchandra Patel |
|
225 |
|
Supreme Industries Limited, India |
|
1350 |
|
P. S. Patel |
|
450 |
|
|
|
|
|
Total |
|
13500 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
10.00 |
|
Directors or relatives of directors |
|
90.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Suppliers of Packaging
Machines. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
|
Packaging Machines |
Nos. |
NA |
NA |
157 |
|
|
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Canara Bank 112, Jayachamarajendra Road, Bangalore – 560002, Karnataka, India · Canara Bank 77, Prabha R. B. Mehta Road, Ghatkopar (East), Mumbai – 400077,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jayesh Sanghrajka and Company Chartered Accountant |
|
Address : |
Unit No.405-408, 4th Floor, Hind Rajasthn Centre, D. S. Phalke
Road, Dadar (East), Mumbai – 400014, Maharashtra, India |
|
Tel No.: |
91-22-40774600 (15 Lines) |
|
Fax No.: |
91-22-40774605 |
|
PAN No.: |
AADFJ9072C |
|
Email : |
|
|
|
|
|
Associates/Subsidiaries : |
Select Packaging Machinery Private Limited CIN No.: U29195MH1991PTC060290 Samarpan Converters Private Limited CIN No.: U25209MH1990PTC055624 |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Shares |
Rs.100/- each |
Rs.1.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13500 |
Equity Shares |
Rs.100/- each |
Rs.1.350
Millions |
|
|
|
|
|
NOTE:
(Including 900 Equity shares issued for
consideration other than cash and 6000 fully paid equity shares issued as bonus
shares out of general reserve)
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 |
1.350 |
1.350 |
1.350 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
16.680 |
7.771 |
2.462 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
18.030 |
9.121 |
3.812 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.262 |
4.607 |
5.922 |
|
|
2] Unsecured Loans |
9.233 |
10.864 |
10.553 |
|
|
TOTAL BORROWING |
14.495 |
15.471 |
16.475 |
|
|
DEFERRED TAX LIABILITIES |
4.086 |
0.722 |
0.007 |
|
|
|
|
|
|
|
|
TOTAL |
36.611 |
25.314 |
20.294 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
20.045 |
18.636 |
5.363 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.724 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.347 |
2.346 |
2.346 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
19.118
|
13.195 |
57.312 |
|
|
Sundry Debtors |
22.887
|
43.080 |
46.646 |
|
|
Cash & Bank Balances |
47.428
|
22.806 |
13.652 |
|
|
Other Current Assets |
12.320
|
6.108 |
11.041 |
|
|
Loans & Advances |
0.197
|
1.392 |
0.347 |
|
Total
Current Assets |
101.950
|
86.581 |
128.998 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
50.884
|
54.760 |
74.735 |
|
|
Other Current Liabilities |
34.179
|
23.701 |
39.485 |
|
|
Provisions |
2.668
|
3.788 |
2.917 |
|
Total
Current Liabilities |
87.731
|
82.249 |
117.137 |
|
|
Net Current Assets |
14.219
|
4.332 |
11.861 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
36.611 |
25.314 |
20.294 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
210.531 |
287.280 |
248.081 |
|
|
|
Other Income |
17.725 |
4.527 |
3.641 |
|
|
|
TOTAL (A) |
228.256 |
291.807 |
251.722 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
96.796 |
159.055 |
|
|
|
|
Purchase of Trading Items |
3.079 |
0.000 |
|
|
|
|
Manufacturing and Other Expenses |
26.485 |
30.983 |
245.028 |
|
|
|
Administrative, Selling and Other Expenses |
47.087 |
51.870 |
|
|
|
|
Personnel Expenses |
36.081 |
39.980 |
|
|
|
|
TOTAL (B) |
209.528 |
281.888 |
245.028 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
18.728 |
9.919 |
6.694 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.938 |
1.882 |
2.648 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.790 |
8.037 |
4.046 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.391 |
1.060 |
0.794 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
15.399 |
6.977 |
3.252 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.490 |
1.668 |
1.261 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.909 |
5.309 |
1.991 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.771 |
2.462 |
0.471 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
16.680 |
7.771 |
2.462 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
16.177 |
13.443 |
32.491 |
|
|
TOTAL EARNINGS |
16.177 |
13.443 |
32.491 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
0.998 |
0.603 |
0.838 |
|
|
TOTAL IMPORTS |
0.998 |
0.603 |
0.838 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
659.93 |
393.24 |
147.47 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.90
|
1.82 |
0.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.31
|
2.43 |
1.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.62
|
6.63 |
2.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.85
|
0.76 |
0.85 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.67
|
10.71 |
35.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16
|
1.05 |
1.10 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The Registered office of the company has been shifted
from, 51/52, Ajay Apartment, S. V. Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India, to the present address w.e.f. 13.08.2012.
FORM 8
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U27100MH1977PTC019532 |
|
Name of the
company |
SAMARPAN
FABRICATORS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
51/52, Ajay
Apartment, S. V. Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Type of charge |
Others: Vehicle/s
with all accessories etc. |
|
Particular of
charge holder |
Canara Bank H.O. Bangalore 560002, BR. Prabha R.B. Mehta
Road, Ghatkopar (East), Mumbai - 400077, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Canmobile
Agreement |
|
Date of
instrument Creating the charge |
25/05/2012 |
|
Amount secured by
the charge |
Rs.1.006 Millions
|
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest The rate of interest
shall be 13.50 % p.a. Terms of
Repayment Rs.0.023 Million
per month. First installment commence
from 25.6.2012 Margin Rs.0.133 Million
(11.69 %) Extent and
Operation of the charge The Bank has
sanctioned a loan of Rs.1.006 Millions to the Company for the Purchase of
Vento 1.6 TDL CL Vehicle. To secure the repayment of the said loan along with
interest the company has Hypothecated the said vehicle in favour of the Bank. |
|
Short particulars
of the property charged |
Vehicle Vento 1.6
TDL CL, Reg. No. MH02CL 6927 |
FIXED ASSETS:
· Leasehold Land
· Building
· Plant and Machinery
· Factory Equipment
· Electrical Installation
· Furniture and Fixtures
· Office Equipments
· Computers
· Vehicles
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.54.25 |
|
|
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.69.83 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
36 |
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.