MIRA
INFORM REPORT
|
Report Date : |
28.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
BSA CORPORATION LIMITED (w.e.f
03.11.2011) |
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|
|
|
Formerly Known
As : |
BSA FACILITIES LIMITED (16.03.2009) BSA FACILITIES PRIVATE LIMITED (w.e.f 03.02.2009) SAI INDUSTRIAL SERVICES PRIVATE LIMITED |
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Registered
Office : |
18, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
07.04.2000 |
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Com. Reg. No.: |
11-014738 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999PN2000PLC014738 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES09047D |
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|
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PAN No.: [Permanent Account No.] |
AAGCS2228F |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing of
Wiring Harness and Assemblies and Providing services of Manpower Recruitment
Agency Services. |
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|
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 438000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a part of BSA group. It is well established company having satisfactory track record. The
performance capacity of the company appears to be high. Financial also
performed well. Trade relations are reported to be fair. Business is active.
Payments are reported to be usually correct and as per commitment. The company can be considered for normal business dealing at usual
trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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.
INFORMATION DECLINED
MANAGEMENT NON CO-OPERATIVE
LOCATIONS
|
Registered Office / Corporate Office : |
18, Sukhwani Forturemorewadi Road,
Pimpri, Pune-411018 Maharashtra, India |
|
Tel. No.: |
91-20-27474997 |
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Fax No.: |
91-20-27474962 |
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E-Mail : |
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Website : |
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Factory : |
Gat No. 2329, S. No. 278/281/287, Ubale Nagar, Wagholi, Pune-412207,
Maharashtra, India |
|
Tel. No.: |
91-20-32345284 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Balasaheb Vitthalrao Kadam |
|
Designation : |
Managing director |
|
Address : |
Flat-6, Building-A, Plot-32, Sukhawani Residency, Vastu Udyog, Pimpri,
Pune-411018, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1972 |
|
Date of Appointment : |
03.04.2009 |
|
DIN No.: |
00761616 |
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|
|
|
Name : |
Mr. Vitthalrao Namdeo Kadam |
|
Designation : |
Whole-time director |
|
Address : |
Flat-6, Building-A, Plot-32, Sukhawani Residency, Vastu Udyog, Pimpri,
Pune-411018, Maharashtra, India |
|
Date of Birth/Age : |
05.01.1936 |
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Date of Appointment : |
03.04.2009 |
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DIN No.: |
00776931 |
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|
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Name : |
Mrs. Sushama Balasaheb Kadam |
|
Designation : |
Whole-time director |
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Address : |
Sukhawani Residency, A/6, Second Floor, Plot No 32, Vastu Udyog
Colony, Pimpri, Pune-411018, Maharashtra, India |
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Date of Birth/Age : |
02.06.1974 |
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Date of Appointment : |
03.04.2009 |
|
DIN No.: |
01403689 |
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Name : |
Mr. Surendra Baburao Deokar |
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Designation : |
Additional director |
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Address : |
S. No. 91-2-4-3, Javalkar Nagar, Pimple Gurav, Pune-411027,
Maharashtra, India |
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Date of Birth/Age : |
29.11.1970 |
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Date of Appointment : |
01.04.2009 |
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DIN No.: |
01435143 |
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|
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Name : |
Mr. Rajesh Rajagopalan Srinivasan |
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Designation : |
Additional director |
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Address : |
Daffodilas Magarpatta City, Hadapsar, Magarpatta, S 142, Pune-411028,
Maharashtra, India |
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Date of Birth/Age : |
15.06.1970 |
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Date of Appointment : |
01.04.2011 |
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DIN No.: |
02035358 |
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|
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Name : |
Mr. Rohidas Dagdu Kharge |
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Designation : |
Additional director |
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Address : |
Sec 21, Scheme 6, Building 14/4 Y, Aminangar Nigdi, Chinchwad,
Pune-411019, Maharashtra, India |
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Date of Birth/Age : |
01.06.1967 |
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Date of Appointment : |
01.04.2009 |
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DIN No.: |
02640117 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Balasaheb Vitthalrao Kadam |
|
167470 |
|
Sushama Balasaheb Kadam |
|
26200 |
|
Vitthalrao Namdeo Kadam |
|
56200 |
|
Madhav D Kulkarni |
|
100 |
|
Prakash Ranganath Pandit |
|
10 |
|
Eapen Thomas |
|
10 |
|
Satyawan Ghule Bhimrao |
|
10 |
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Total |
|
250000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.99 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Wiring Harness and Assemblies and Providing services of
Manpower Recruitment Agency Services. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Information denied by management |
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Bankers : |
Standard Chartered Bank SME Credit,
Crescenzo, 3A/F, Plot no. C-38 and 39, G Block, Bandra Kurla Complex, Bandra
(East), Mumbai - 400051, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
D. S. Asawa and Associates Chartered Accountants |
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Address : |
D-1,A-Wing, Subhadra CO. OP. Housing, 522, Narayan Peth, Near Modi
Ganpati, Pune- 411030, Maharashtra, India |
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Tel. No.: |
91-20-24479499 |
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Mobile No.: |
91-9850150199 |
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E-Mail : |
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PAN No.: |
AGWPA4067H |
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Associates: |
·
Balasai Facility Services India Private Limited ·
Seeba Enterprises ·
Balasai transport Corporation |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
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|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
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|
|
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|
Reconciliation of the shares outstanding at the beginning and at the end
of the reporting period
|
Particulars |
31.03.2012 |
|
|
|
Nos. |
Rs. in millions |
|
At the beginning of the period |
250000 |
2.500 |
|
- Issued during the period |
-- |
-- |
|
- Outstanding at the end of the period |
250000 |
2.500 |
Terms/rights attached to equity shares
The company has
only one class of equity shares having a par value of Rs. 10 per share
Each holder of equity shares is entitled to one vote per share.
Till date company
has not declared any dividend.
In the event of
liquiation of the company, the holders of equity shares will be entitled to
receive remaining assets of the company, after distribution of all preferential
amounts. The distribution will be in proportion to the number of
equity shares held by the shareholders
Details of
shareholders holding more than 5% shares in the company
|
Particulars |
31.03.2012 |
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|
Nos. |
% holding |
|
( Equity shares of Rs.10 each fully paid ) |
|
|
|
BalasahebV. Kadam |
167470 |
1 |
|
Sushma B. Kadam |
26200 |
0 |
|
Vitthalrao N. Kadam |
56200 |
0 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.500 |
2.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
107.134 |
74.371 |
45.582 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
109.634 |
76.871 |
46.082 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
87.683 |
44.459 |
18.363 |
|
|
2] Unsecured Loans |
38.545 |
23.430 |
28.090 |
|
|
TOTAL BORROWING |
126.228 |
67.889 |
46.453 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
235.862 |
144.760 |
92.535 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
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|
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FIXED ASSETS [Net Block] |
79.432 |
40.390 |
14.565 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
15.218 |
|
|
|
|
|
|
|
|
INVESTMENT |
46.445 |
27.731 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.046 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
40.684
|
46.020 |
38.089 |
|
|
Sundry Debtors |
135.504
|
121.463 |
61.920 |
|
|
Cash & Bank Balances |
25.048
|
13.580 |
33.031 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
50.144
|
79.585 |
48.984 |
|
Total
Current Assets |
251.380
|
260.648 |
182.024 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
63.262
|
87.636 |
36.433 |
|
|
Other Current Liabilities |
76.580
|
58.196 |
60.162 |
|
|
Provisions |
1.599
|
38.177 |
22.677 |
|
Total
Current Liabilities |
141.441
|
184.009 |
119.272 |
|
|
Net Current Assets |
109.939
|
76.639 |
62.752 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
235.862 |
144.760 |
92.535 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
808.932 |
778.929 |
457.706 |
|
|
|
Other Income |
7.299 |
7.771 |
3.416 |
|
|
|
TOTAL (A) |
816.231 |
786.700 |
461.122 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Raw Material Consumed |
298.909 |
|
429.138 |
|
|
|
Employee benefits expenses |
355.949 |
250.866 |
|
|
|
|
Other Manufacturing Expenses |
36.995 |
39.453 |
|
|
|
|
other expenses |
57.943 |
50.918 |
|
|
|
|
TOTAL (B) |
749.796 |
727.442 |
429.138 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
66.435 |
59.258 |
31.984 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.345 |
9.124 |
4.164 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
54.090 |
50.134 |
27.820 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.937 |
5.844 |
3.030 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
46.153 |
44.290 |
24.790 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
15.255 |
15.500 |
8.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
30.898 |
28.790 |
16.790 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
30.898 |
28.790 |
16.790 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F. O. B. Value of Export of Goods |
2.186 |
4.197 |
2.904 |
|
|
TOTAL EARNINGS |
2.186 |
4.197 |
2.904 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
100.835 |
143.000 |
55.583 |
|
|
|
Capital Goods |
27.624 |
1.073 |
0.000 |
|
|
TOTAL IMPORTS |
128.459 |
144.073 |
55.583 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
123.59 |
569.56 |
335.81 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.79
|
3.66 |
3.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.71
|
5.69 |
5.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.95
|
14.71 |
12.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Net worth) |
|
0.42
|
0.58 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Net worth) |
|
2.44
|
3.28 |
3.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.78
|
1.42 |
1.53 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditor |
63.262
|
87.636 |
36.433 |
|
|
|
|
|
|
Total |
63.262
|
87.636 |
36.433 |
|
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 |
Yes |
|
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 |
|
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 |
OPERATION
During the year the
Company has achieved the turnover of Rs. 808.932 millions. After all the
expenses a company has earned a profit after tax of 30.898 millions. The
Directors are putting all efforts to further improve the operations in the
current financial year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U74999PN2000PLC014738 |
|
Name of the company |
BSA CORPORATION LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
18, Sukhwani Forturemorewadi Road,
Pimpri, Pune-411018 Maharashtra, India Email: bvk@bsagroup.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10185076 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
Standard Chartered Bank SME Credit, Crescenzo, 3A/F, Plot no. C-38 and 39, G Block, Bandra
Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India Email: sme.form8@sc.com |
|
Nature of instrument creating charge |
Memorandum of Entry - Supplemental |
|
Date of instrument Creating the charge |
08.10.2012 |
|
Amount secured by the charge |
Rs. 167.500 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest As agreed by and with the Bank from time to time. Terms of Repayment As agreed by and with the Bank from time to time. Margin As applicable, if any. Extent and Operation of the charge The Bank is having first and exclusive charge on the security given by
the Company |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
First and exclusive charge on a) Flat no. 503, 5th Floor, Wing II,
Mahindra Royale, Pimpri Waghere, Pune b) Flat no. 18, 2nd Floor, Sukhwani Fortune, Plot no. 4, Ajmera Road,
Morwadi, Pimpri, Pune 18. As per more particularly described in attached supplementary MOE dated
08.10.2012. |
|
Date of instrument modifying the charge |
28.08.2012 |
|
Particulars of the present modification |
The existing charge amt of Rs.167.500 millions is also now secured as first
and exclusive charge on a) Flat no. 503, 5th Floor, Wing II, Mahindra Royale,
Pimpri Waghere, Pune. b) Flat no. 18, 2nd Floor, Sukhwani Fortune,
Plot no. 4, Ajmera Road, Morwadi, Pimpri, Pune 18. |
CONTINGENT
LIABILITY
(Rs. in millions)
|
PARTICULARS |
31.03.2012 |
|
Bills discounted |
16.126 |
|
Bank Guarantee given in favour of Govt. Authorities / third parties |
0.500 |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Office Equipments
·
Computers
·
Furniture and Fixtures
·
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 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 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.55.70 |
|
|
1 |
Rs.89.34 |
|
Euro |
1 |
Rs.72.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.