MIRA
INFORM REPORT
|
Report Date : |
08.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
SATEC ENVIR ENGINEERING (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A/107-108, TTC Industrial Rea, MIDC, Khairane, Thane-Belapur
Road, Navi Mumbai-400705, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.12.1991 |
|
|
|
|
Com. Reg. No.: |
11-064661 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 51.493 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29197MH1991PTC064661 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMSS2335D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS0746E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Portable Cabin,
Porta Cabins, GRP Portable Cabins, Prefabricated Structure, Portable Cabin, GRP
Cabins, Porta Cabins |
|
|
|
|
No. of Employees
: |
Information not given by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (37) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 540000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Financial
position of the company is improving. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some caution. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BBB- (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
04.04.2012 |
|
Rating Agency Name |
CARE |
|
Rating |
A3 (Short Term Bank Facilities) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
04.04.2012 |
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 BY
Management non co-operative
LOCATIONS
|
Registered Office : |
Plot No. A/107-108, TTC Industrial Rea, MIDC, Khairane, Thane-Belapur
Road, Navi Mumbai-400705, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
601/2/3, B Wing, Fairlink Centre, Near Monginis Factory, Off Link Road,
Andheri (West), Mumbai-400053, India |
|
Tel. No.: |
91-22-40698999 |
|
Fax No.: |
91-22-40058626 |
|
|
|
|
Factory : |
34km, Bhuj-Bhachau Road, Plot No.147, Vill. Kaniyable, Taluka
Bhuj-Kutch-370020, Gujarat, India |
|
|
|
|
Delhi Branch Office : |
House No.30, Sector-15, Part-1, Gurgaon-122001, Haryana, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Amar Prakash Mahavir Prasad Agarwal |
|
Designation : |
Director |
|
Address : |
1505, Staler Tower, Lokhandwala, Andheri, Mumbai-400058, Maharashtra,
India |
|
Date of Birth/Age : |
05.12.1957 |
|
Date of Appointment : |
10.12.2002 |
|
DIN No.: |
01431926 |
|
|
|
|
Name : |
Mr. Tukaram Shiram Gawde |
|
Designation : |
Director |
|
Address : |
246, Parinita Niwas Co-operative Housing Society, Appa Pada
Maharashtra, India |
|
Date of Birth/Age : |
01.09.1958 |
|
Date of Appointment : |
10.12.2002 |
|
DIN No.: |
01762887 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Amar Prakash Agarwal |
514675 |
|
Sujata Agarwal |
125 |
|
Gaurav Amarprakash Agarwal |
125 |
|
TOTAL
|
514925 |
AS ON 02.08.2012
|
Names of Allotees |
No. of Shares |
|
Amar Prakash Agarwal |
20000 |
|
Trans Fleet Limited, India |
233333 |
|
TOTAL
|
253333 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Portable Cabin,
Porta Cabins, GRP Portable Cabins, Prefabricated Structure, Portable Cabin,
GRP Cabins, Porta Cabins |
GENERAL INFORMATION
|
Customers : |
·
Wlspun ·
Ramboll ·
Juvvi ·
Reliance ·
Equinox Realty ·
Rukmani Infra Projects ·
LANCO ·
Vedanta ·
ESSAR ·
Larsen and Toubro ·
Anupam Industries Limited ·
LODHA |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information not given by the management |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Axis Bank Limited, Credit Management Centre, Unit-6,
Corporate Park Sion Trombay Road, Chembur, Mumbai-400071, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Murarilal Agarawal and Associates Chartered Accountant |
|
Address : |
116, Chandrika, A Vikas Housing Complex, Near Tulinj Water Tank,
Nallasopara (East), Thane-401209, Maharashtra, India |
|
Tel. No.: |
91-95250-2432338 |
|
E-Mail : |
|
|
PAN No.: |
ABAPA7417J |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
645000 |
Equity Shares |
Rs.100/- each |
Rs. 64.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
514925 |
Equity Shares |
Rs.10/- each |
Rs. 51.493
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
768258 |
Equity Shares |
Rs.10/- each |
Rs. 76.826
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 |
51.493 |
51.493 |
26.500 |
|
|
2] Share Application Money |
56.620 |
33.170 |
34.500 |
|
|
3] Reserves & Surplus |
27.952 |
15.607 |
7.780 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
136.065 |
100.270 |
68.780 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
110.430 |
86.974 |
102.490 |
|
|
2] Unsecured Loans |
0.000 |
10.600 |
31.143 |
|
|
TOTAL BORROWING |
110.430 |
97.574 |
133.633 |
|
|
DEFERRED TAX LIABILITIES |
6.604 |
4.342 |
2.448 |
|
|
|
|
|
|
|
|
TOTAL |
253.099 |
202.186 |
204.861 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
82.006 |
75.146 |
60.062 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
(6.604) |
(4.342) |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
97.690
|
77.041 |
21.456 |
|
|
Sundry Debtors |
108.356
|
58.346 |
114.725 |
|
|
Cash & Bank Balances |
18.623
|
14.258 |
11.400 |
|
|
Other Current Assets |
6.604
|
4.342 |
0.000 |
|
|
Loans & Advances |
35.859
|
25.442 |
12.224 |
|
Total
Current Assets |
267.132
|
179.429 |
159.805 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
84.046
|
45.187 |
11.558 |
|
|
Other Current Liabilities |
1.650
|
0.329 |
1.524 |
|
|
Provisions |
3.739
|
2.531 |
1.924 |
|
Total
Current Liabilities |
89.435
|
48.047 |
15.006 |
|
|
Net Current Assets |
177.697
|
131.382 |
144.799 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
253.099 |
202.186 |
204.861 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
396.772 |
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
396.772 |
333.252 |
305.465 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
378.012 |
321.540 |
294.164 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
378.012 |
321.540 |
294.164 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
18.760 |
11.712 |
11.301 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.415 |
3.886 |
4.129 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
12.345 |
7.826 |
7.172 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
15.606 |
7.780 |
0.608 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
27.951 |
15.606 |
7.780 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
29.917 |
116.547 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
2.128 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
23.97 |
-- |
-- |
|
%20PRIVATE%20LIMITED%20-192863%2008-Sep-2012_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-192863%2008-Sep-2012_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-192863%2008-Sep-2012_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-192863%2008-Sep-2012_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-192863%2008-Sep-2012_files/image005.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.11
|
2.35 |
2.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.48
|
4.68 |
5.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.12 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.52
|
1.50 |
2.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.99
|
3.73 |
10.65 |
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 |
Yes |
|
19] |
Payments terms |
No |
|
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 |
Yes |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
Creditors due small micro enterprises |
72.239 |
44.301 |
11.558 |
|
Creditors due others |
11.807 |
0.886 |
0.000 |
|
TOTAL |
84.046 |
45.187 |
11.558 |
NOTE
Registered office has been shifted from 124, Kuber Complex, Opposite
Laxmi Industrial Estate, Off Link Road, Andheri (West), Mumbai-400053, Maharashtra,
India to the present address w.e.f.01.03.2011.
OPERATIONS
The Directors are confident in recording a sustainable growth in the
operation during the current year.
FORM 8
|
Corporate
identity number of the company |
U29197MH1991PTC064661 |
|
Name of the
company |
SATEC ENVIR
ENGINEERING (INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. A/107-108, TTC Industrial Rea, MIDC, Khairane, Thane-Belapur Road, Navi Mumbai-400705, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10098645 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Others |
|
Particular of
charge holder |
Axis Bank Limited, Credit Management Centre, Unit-6, Corporate Park Sion Trombay Road, Chembur, Mumbai-400071, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation (SDH) dated 29.10.2011 |
|
Date of
instrument Creating the charge |
29.10.2011 |
|
Amount secured by
the charge |
Rs. 175.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As per sanction letter
No. Axis/Adv/West NK/584(a)/2011-12 dated 14.09.2011 or as stipulated by Bank
from time to time. Terms of repayment As per sanction
letter No. Axis/Adv/West NK/584(a)/2011-12 dated 14.09.2011 or as stipulated
by Bank from time to time. Margin As per sanction
letter No. Axis/Adv/West NK/584(a)/2011-12 dated 14.09.2011 or as stipulated
by Bank from time to time. Extent and operation of the charge Within the
overall credit facilities of Rs.175.000 Millions, CC facility enhanced from Rs.80.000
Millions. to Rs.110.000 Millions and
LC limit reduced from Rs.95.000 Millions. to Rs.65.000 Millions. The revised/
enhanced limits of Rs.175.000 Millions are specified in Table II of SDH. The
security by way of hypo. of stocks, book debts, plant, machinery etc., given
earlier, des. in schedule to SDH shall continue as security for the revised/
enhanced limits. |
|
Short particulars
of the property charged (Including location of the property) |
1st Charge on all
present and future stocks of RM, WIP, SFG, FG etc., where so ever situated or
in transit. 1st Charge on all
present and future book debts, outstanding money receivables, claims etc.,
due and owing to the Company during
the course of its business. 1st Charge on all
present and future Movable Plant, machinery, spares, tools etc. lying at the
premises of the Company or elsewhere or
in transit. |
|
Date of
instrument modifying the charge |
22.12.2010 |
|
Particulars of
the present modification |
Vide this modification,
within the overall credit facilities of Rs.175.000 Millions, CC facility
enhanced from Rs.80.000 Millions. to
Rs.110.000 Millions and LC limit reduced from Rs.95.000 Millions. to
Rs.65.000 Millions. The revised/ enhanced limits of Rs.175.000 Millions are
specified in Table II of SDH. The security by way of hypo. of stocks, book
debts, plant, machinery etc., given earlier, des. in schedule to SDH shall
continue as security for the revised/ enhanced limits. |
FIXED ASSETS
·
Plant and Machinery
·
Vehicles
·
Computers
·
Air Conditioner
·
Building
·
Office 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 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. 55.52 |
|
|
1 |
Rs. 88.49 |
|
Euro |
1 |
Rs. 70.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
37 |
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.