|
Report Date : |
18.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
MINI ELECTRONIC INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B/4, Shreyas Industrial Estate, Off |
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.10.1981 |
|
|
|
|
Com. Reg. No.: |
11-025500 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32106MH1981PTC025500 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM22072B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM8783G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Job work of core laminator |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 25000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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.
LOCATIONS
|
Registered Office : |
B/4, Shreyas Industrial Estate, Off Western Express Highway, Near Jai
Coach, Goregaon (East), Mumbai-400063, Maharashtra, India |
|
Tel. No.: |
91-22-28730712 / 28731444 / 65526451 |
|
Fax No.: |
91-22-26854256 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No-57, Sector-1, Vasai Taluka Industrial Estate, Gauraipada,
Opposite SBI Bank, Taluka Vasai, District Thane-401208, Maharashtra, India |
|
Tel. No.: |
91-250-2450098 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Santosh Bhaskaran Nair |
|
Designation : |
Managing Director |
|
Address : |
35, Ratna Nivas, Pushtikar Co-operative Housing Limited, Jogeshwari
(West), Mumbai-400063, Maharashtra, India |
|
Date of Birth/Age : |
27.12.1968 |
|
Date of Appointment : |
05.01.1987 |
|
PAN No.: |
AABPN0443P |
|
DIN No.: |
00395506 |
|
|
|
|
Name : |
Ms. Vaishali Santosh Nair |
|
Designation : |
Whole Time Director |
|
Address : |
35, Ratna Nivas, Pushtikar Co-operative Housing Limited, Jogeshwari (West),
Mumbai-400063, Maharashtra, India |
|
Date of Birth/Age : |
19.09.1968 |
|
Date of Appointment : |
26.02.1999 |
|
PAN No.: |
ACUPN4111H |
|
DIN No.: |
00411049 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Santosh Bhaskaran Nair |
2300 |
|
Vaishali Santosh Nair |
1698 |
|
P g Ratnamma Nair |
1000 |
|
Vasant P Raut |
1 |
|
Sachin V Raut |
1 |
|
TOTAL
|
5000 |
AS ON 30.09.2011
|
Equity Shares Break
Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
99.96 |
|
Others |
0.04 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Job work of core laminator |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Production |
Kgs. |
3412.50 |
GENERAL INFORMATION
|
Suppliers : |
·
Magnacore Industries Private Limited ·
Mestry and Company ·
Nilesh Enterprises ·
Pradeep Industries ·
Rutika Enterprise ·
S K Corporation ·
Sanaya Enterprise ·
Seagull Refrigeration ·
Sonu Packaging ·
Steel Centre ·
Gramton Equipments Company ·
Hari Om Freight Carriers ·
New Shree Sadguru Goods Carrier ·
Prismi Enterprises ·
Purohit Steel Company ·
R. H. Engineer ·
V. J. Purohit and Company |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
·
Alphine Stampings ·
ATCO Controls Private Limited ·
Evergreen Engg. Company Limited ·
Five Star Industries ·
G.S. Lighting Private Limited ·
K.C Fixture ·
Kalinga Fixtures Private Limited ·
Kaylite Electricals Private Limited ·
Konark Fixtures Limited ·
Beacon Electronics ·
Mahir Industry ·
Mayank Electro Limited ·
Sercon Electro System Private Limited ·
Shailesh Engg. Company ·
Shakti Enterprises ·
Sharda Electricals ·
Soyo System |
||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Syndicate Bank, Samant Wadi, Near Goregaon
Railway Station, Goregaon (East), Mumbai-400063, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||
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|
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. J. Purohit and Company Chartered Accountant |
|
Address : |
Vishnu Bhuvan, Off-7, 15/17, V. P. Road, Mumbai-400004, Maharashtra,
India |
|
PAN No.: |
AAEPP7124Q |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
Rs.100/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
Rs.100/- each |
Rs. 0.500 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 |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5.865 |
4.339 |
3.576 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
6.365 |
4.839 |
4.076 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.119 |
1.396 |
1.122 |
|
|
2] Unsecured Loans |
0.603 |
0.292 |
1.473 |
|
|
TOTAL BORROWING |
0.722 |
1.688 |
2.595 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.087 |
6.527 |
6.671 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.987 |
3.840 |
3.993 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.322 |
0.072 |
0.068 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.163
|
0.101 |
0.107 |
|
|
Sundry Debtors |
2.697
|
2.793 |
2.830 |
|
|
Cash & Bank Balances |
0.803
|
0.099 |
0.062 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
2.005
|
1.684 |
2.574 |
|
Total
Current Assets |
5.668
|
4.677 |
5.573 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.378
|
0.409 |
0.453 |
|
|
Other Current Liabilities |
0.179
|
0.133 |
0.277 |
|
|
Provisions |
1.3330
|
1.520 |
2.233 |
|
Total
Current Liabilities |
1.890
|
2.062 |
2.963 |
|
|
Net Current Assets |
3.778
|
2.615 |
2.610 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.087 |
6.527 |
6.671 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
0.281 |
0.263 |
0.000 |
|
|
|
Vat Tax Collected |
0.014 |
0.000 |
0.000 |
|
|
|
Labour Charges Received |
10.729 |
10.575 |
11.465 |
|
|
|
Interest on Income Tax Refund |
0.000 |
0.032 |
0.000 |
|
|
|
TOTAL |
11.024 |
10.870 |
11.465 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed / Traded |
0.218 |
0.196 |
0.000 |
|
|
|
Vat Tax on Purchases |
0.005 |
0.000 |
0.000 |
|
|
|
Vat Tax Paid |
0.010 |
0.000 |
0.000 |
|
|
|
Manufacturing and Direct Expenses |
5.146 |
4.849 |
5.406 |
|
|
|
Administrative and Other Expenses |
1.879 |
1.683 |
1.519 |
|
|
|
Selling Expenses |
0.853 |
1.021 |
0.957 |
|
|
|
TOTAL |
8.111 |
7.749 |
7.882 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2.913 |
3.121 |
3.583 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.111 |
0.211 |
0.357 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.802 |
2.910 |
3.226 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.877 |
1.012 |
0.765 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.925 |
1.898 |
2.461 |
|
|
|
|
|
|
|
|
|
Add |
Investment
Allowance Reserve Utilized |
0.001 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.399 |
0.550 |
0.872 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.527 |
1.348 |
1.589 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.830 |
2.566 |
1.477 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.500 |
0.500 |
0.500 |
|
|
|
Interim Dividend |
0.000 |
0.500 |
0.000 |
|
|
|
Tax on Interim Dividend |
0.000 |
0.084 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
3.857 |
2.830 |
2.566 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
305.56 |
269.66 |
317.77 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
13.85
|
12.40 |
13.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
685.05
|
721.67 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.44
|
22.10 |
25.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.39 |
060 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.41
|
0.77 |
1.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.00
|
2.27 |
1.88 |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FINANCIAL
During the year the
company has earned profit of Rs.2.803 Millions before providing for
depreciation and provision for taxation (previous year Rs.2.911 Millions) on
gross income of Rs.11.024 Millions (previous year Rs.10.871 Millions). After
providing for deprecation of Rs. 0.877 Million
(previous year 2.911 Millions and taxation of Rs. 0.660 Million
(previous year Rs. 0.553 Million), and deferred tax balance Profit available
for appropriation is 1.529 Millions (previous year Rs.1.348 Millions)., Out of
which an amount of Rs. 0.500 Million is transferred to General Reserve
(previous year Rs. 0.500 Million) and final balance in profit and loss account
is being carried to balance sheet is Rs.3.857 Millions (previous year 2.830
Millions)
FORM 8
|
Corporate identity
number of the company |
U32106MH1981PTC025500 |
|
Name of the
company |
MINI ELECTRONIC
INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B/4, Shreyas Industrial Estate, Off Western Express Highway, Near Jai Coach, Goregaon (East), Mumbai-400063, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Syndicate Bank, Samant Wadi, Near Goregaon Railway Station, Goregaon (East), Mumbai-400063, Maharashtra, India |
|
Nature of
instrument creating charge |
Common
Hypothecation Agreement Term Loan of
Rs.0.500 Millions |
|
Date of
instrument Creating the charge |
16.05.2011 |
|
Amount secured by
the charge |
Rs. 0.500 Million |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest BR + 2.75%
presently 12.75% Terms of repayment The principal amount
together with interest to be repaid in 12 E M I and 1st EMI of Rs. 0.045
Million due on or before 30-6-2011 and subsequent EMI'S due on every month on
or before 30th and the last EMI due on or before 31-5-2012 Margin 25% Extent and operation of the charge The bank shall
have first charge on the assets secured for this facility. |
|
Short particulars
of the property charged (Including location of the property) |
Alex model -
NH750 high Reciprocating table Hydraulic Surface grinding machine with all STD
Accessories |
FIXED ASSETS
·
Plant and Machinery
·
Dies
·
Vernier
·
Furniture and Fixtures
·
Typewriter
·
Electrical Fittings
·
Vehicles
·
Air Conditioners
·
Computer and Software
·
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. 53.97 |
|
|
1 |
Rs. 87.52 |
|
Euro |
1 |
Rs. 70.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
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 |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.