MIRA
INFORM REPORT
|
Report Date : |
22.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
ELECTRO FLUX EQUIPMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 31/A/22, SIDCO Industrial Estate, Ambattur, Chennai-600098,
Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.12.2007 |
|
|
|
|
Com. Reg. No.: |
18-065799 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.605 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29150TN2007PTC065799 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEE04824B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCE0003E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Magnetic Equipment and Vibrating
Equipments |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 6000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its field. Its scale of activities are
limited. Trade relations are reported as fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for small business dealings 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Gajendra Kumar |
|
Designation : |
Marketing Department |
|
Contact No.: |
91-9445070719 |
|
Date : |
16.10.2012 |
LOCATIONS
|
Registered Office/Factory/Corporate Office : |
Plot No. 31A/22, SIDCO Industrial Estate, Ambattur, Chennai-600098, Tamilnadu,
India |
|
Tel. No.: |
91-44-42189128/42189129/26243317/18/19/20 |
|
Mobile No.: |
91-9930033912 (Mr. P. Kajendra Kumar) |
|
Fax No.: |
91-44-42189128/42189129 |
|
E-Mail : |
|
|
Website : |
http://www.electrofluxequipments.com |
|
Location : |
Owned |
|
|
|
|
Branch Office: |
Apeejay Business Centre, Apeejay House, 3, Dinshaw Vachha Road,
Churchgate, Mumbai-400020, Maharashtra, India |
|
Tel No.: |
91-22-22029966 |
|
Mobile No.: |
91-9930033912 (Mr. P. Kajendra Kumar) |
|
Fax No.: |
91-22-22029967 |
DIRECTORS
As on: 28.09.2011
|
Name : |
Mr. Arunagiri Senthil Kumar |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
6/A, 3rd Street End, Lakshmipuram, Villivakkam,
Chennai-600049, Tamilnadu, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.11.1974 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
20.12.2007 |
|||||||||||||||||||||||||||
|
DIN No.: |
01870317 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mrs. Lakshmi Nadarajan |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
6/A, 3rd Street End, Lakshmipuram, Villivakkam,
Chennai-600049, Tamilnadu, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.05.1978 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
20.12.2007 |
|||||||||||||||||||||||||||
|
DIN No.: |
01870330 |
|||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Gajendra Kumar |
|
Designation : |
Marketing Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Arunagiri Senthil Kumar |
|
54450 |
|
Lakshmi Nadarajan |
|
6050 |
|
|
|
|
|
Total |
|
60500 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Magnetic Equipment and Vibrating
Equipments |
|
|
|
|
Products : |
·
Magnetic Equipment ·
Vibrating Equipments |
|
|
|
|
Exports : |
|
|
Products : |
·
Magnetic Equipment ·
Vibrating Equipments |
|
Countries : |
·
African Countries ·
European Countries |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
HSBC Credit Card ·
ICICI Credit Card ·
IPF Online Limited ·
Print Industrial Products Finder ·
Accurate Current ·
Balaji Chain
and Hardware ·
Bansal Insulation ·
BVR Engineering ·
Classic Metal Industries ·
Crane Tech Equpments ·
Deena Paints Limited ·
Dhanlashmi Metals ·
Enpros ·
Eversta Ispat Private Limited ·
Fomra Enterprises ·
Hertz Electricals ·
Innovative Engineering Products ·
International Bearing ·
Jaya Springs Products ·
Metro Metals Industries ·
Paramount Conductors Limited ·
Permag Trade Links ·
R.P. Metals ·
Sacheen Steel and Alloys ·
Sai Control System ·
Shakila Steels ·
Shiva Electrical Agencies ·
S.K Brothers ·
Sonal Magnetics ·
Sri Sundha Metals ·
S.V. Belting |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
·
Wholesalers, Retailers and End Users ·
Allanpally Brothers Limited ·
Bannari Amman Sugars Limited ·
Birla Tyres Unit – II ·
Chhattisgarh Steel and Power Limited ·
Edac Engineer ·
Grey Gold Cements Limited ·
Gupta Coal Fields and Waheries Limited ·
Kusum Casting Private Limited ·
Lucky Minerals Private Limited ·
Metsa Power India Private Limited ·
Naga Limited – Detergents ·
National Heavy Engineering Co-operative Limited ·
N.R.
International Limited ·
Sjs Plastic Blends Private Limited ·
Suvitha Engineers India Private Limited |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
State Bank of India, SMECCC, 16, Whannels Road, Egmore,
Chennai-600008, Tamilnadu, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V.N. Padmanabhan Chartered Accountants |
|
Address : |
Plot No. C-142, Door No. 2/8, Third Circular Road, Second Cross
Street, Jawahar Nagar, Chennai-600082, Tamilnadu, India |
|
Tel. No.: |
91-44-65612986/ 65612986 |
|
E-Mail : |
|
|
PAN No.: |
AACPP2760N |
CAPITAL STRUCTURE
As on: 28.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60,500 |
Equity Shares |
Rs.10/- each |
Rs. 0.605
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 |
0.605 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.505 |
0.105 |
|
|
3] Reserves & Surplus |
1.097 |
0.606 |
0.145 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.702 |
1.211 |
0.350 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.487 |
0.928 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1.487 |
0.928 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.189 |
2.139 |
0.350 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.219 |
1.146 |
0.134 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.890
|
1.371 |
0.000 |
|
|
Sundry Debtors |
2.807
|
1.630 |
1.108 |
|
|
Cash & Bank Balances |
0.220
|
0.022 |
0.239 |
|
|
Other Current Assets |
0.000
|
0.100 |
0.000 |
|
|
Loans & Advances |
0.796
|
0.017 |
0.060 |
|
Total
Current Assets |
7.713
|
3.140 |
1.407 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.483
|
2.068 |
1.093 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.260
|
0.079 |
0.098 |
|
Total
Current Liabilities |
5.743
|
2.147 |
1.191 |
|
|
Net Current Assets |
1.970
|
0.993 |
0.216 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.189 |
2.139 |
0.350 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
21.644 |
14.153 |
6.979 |
|
|
|
Other Income |
3.909 |
NA |
NA |
|
|
|
TOTAL |
25.553 |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
24.508 |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.045 |
0.796 |
0.301 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.293 |
0.156 |
0.031 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.752 |
0.640 |
0.270 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.260 |
0.180 |
0.098 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.492 |
0.460 |
0.172 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.492 |
0.460 |
0.172 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.13 |
46 |
17.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.92 |
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.42 |
14.93 |
17.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.44 |
0.53 |
0.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.25 |
2.54 |
3.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.46 |
1.18 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
NOTE: The
registered office of the company has been shifted from 6/A, 3rd
Street End, Lakshmipuram, Villivakkam, Chennai-600049, Tamilnadu, India to the
present address w.e.f. 01.10.2009.
OPERATIONS:
The company has made sale of its output namely
Magnetic and Vibrating equipments and it has been well received and repeat
orders are coming from the reputed customers. Quality improvements are being
undertaken before enhancing the production capacity so that post sales
rejections and rework are minimized and totally eliminated. The company has
made significant improvements in sales volume during the year. The company also
made significant export sales during the year 2010-11 which shares 30%
approximately out of the total turnover.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
10142547 |
|
Corporate identity number of the company |
U29150TN2007PTC065799 |
|
Name of the company |
ELECTRO FLUX EQUIPMENTS PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Plot No. 31A/22, SIDCO Industrial Estate, Ambattur, Chennai-600098,
Tamilnadu, India |
|
Type of charge |
· Book Debts · Movable property (not being pledge) · Others |
|
Particular of charge holder |
State Bank of India SME CCC, 16, Whannels Road, Egmore, Chennai-600008, Tamilnadu, India |
|
Nature of description of the instrument
creating or modifying the charge |
· Sanction Letter · Letter of Arrangement Date 04/08/2011 · Supplemental agreement of Loan cum Hypothecation Date 04/08/2011 |
|
Date of instrument Creating the charge |
09.11.2011 |
|
Amount secured by the charge |
Rs. 2.480 Millions |
|
Brief particulars of the principal terms and
conditions and extent and operation of the charge |
Rate
of Interest CC interest at 4.5% above base rate (8.5%w.e.f 24/04/2011) effective rate 13% p.a with monthly interests. tl -at 5% above base rate (8.5% w.e.f 24.04.2011) effective rate 13.5% p.a with monthly rests. Terms
of Repayment CC: payable on demand, t/l: Rs. 0.480
Millions will be repayable in 60 monthly installments of Rs. 0.008 Million +
interest commencing from august 2011.interest should be serviced as and when
applied. Margin
Stocks and receivables :25% ,Bank
guarantee :50%,term Loan :29.87% Extent
and Operation of the charge · AS PER sanction letter-date 26-04-2011 · Letter of Arrangement Date 04/08/2011 · Supplemental agreement of Loan cum Hypothecation date 04/08/2011 |
|
Short particulars of the property charged |
Cash Credit: Hypothecation of Stocks and
receivables. Term Loan :Hypothecation of Machinery M/s Electro Flux Equipments Private Limited,
No: 31 A/22, SIDCO Industrial Estate, Ambattur, Chennai-600 098. |
|
Date of latest modification prior to the
present modification |
04.08.2010 |
|
Particulars of the present
modification |
FUND BASED CC LIMIT : Rs. 1.500 Millions TERM LOAN
: Rs. 0.480 Millions NON -FUND BASED BANK GUARANTEE : Rs. 0.500 Millions TOTAL LIMITS : Rs. 2.480 Millions |
FIXED ASSESTS
·
Computer and Accessories
·
Computer Printer
·
Factory Machine
·
Grinding Machine
·
Magnetic Drill Machine
·
Furniture and Fitting
·
Weighing Machines
·
Office Equipments
·
Camera
·
Emergency Lamp
·
Bio Metric Equipments
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. 53.72 |
|
|
1 |
Rs. 86.15 |
|
Euro |
1 |
Rs. 70.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.