MIRA
INFORM REPORT
|
Report Date : |
16.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAP PRINT SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
28A, Laxmi Industrial Estate, Ganpatrao Kadam Marg, S N Path, Lower
Parel, Mumbai-400013, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
16.04.2008 |
|
|
|
|
Com. Reg. No.: |
11-181207 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.400 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219MH2008PTC181207 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Printing Materials |
|
|
|
|
No. of Employees
: |
112 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 490000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
There appears some dip in the turnover and profitability of the company
during current year however, net worth of the company is good. 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.
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
|
Name : |
Mr. Sunil |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-40741000 |
|
Date : |
15.04.2013 |
LOCATIONS
|
Registered Office : |
28A, Laxmi Industrial Estate, Ganpatrao Kadam Marg, S N Path, Lower
Parel, Mumbai-400013, Maharashtra, India
|
|
Tel. No.: |
91-22-40741000 |
|
Fax No.: |
91-22-40741020 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No. 3, Sector II, The Vasai Taluka
Industrial Co-operative Estate Limited, Gauraipada, Vasai Road (East),
District Thane-401208, Maharashtra, India |
|
|
|
|
Factory 2 : |
1 A, T.K. Industrial Estate, Guptawadi, Off T. J.
Road, Sewree (West), Mumbai 400 015, Maharashtra, India |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Melwyn Jeome Fernandes |
|
Designation : |
Director |
|
Address : |
101, Navratna Apartments, Kole Kalyan Village, St. Anthony’s Street,
Kalina, Santacruz (East), Mumbai-400098, Maharashtra, India |
|
Date of Birth/Age : |
03.07.1964 |
|
Date of Appointment : |
16.04.2008 |
|
DIN No.: |
00497902 |
|
|
|
|
Name : |
Ms. Celine Maria Fernandes |
|
Designation : |
Director |
|
Address : |
101, Navratna Apartments, Kole Kalyan Village, St. Anthony’s Street, Kalina,
Santacruz (East), Mumbai-400098, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1965 |
|
Date of Appointment : |
16.04.2008 |
|
DIN No.: |
00497924 |
|
|
|
|
Name : |
Mr. Anil Bhiani |
|
Designation : |
Director |
|
Address : |
301, Amar Niketan, Opposite Speed Post Office, J B Nagar, Andheri
(East), Mumbai-400098, Maharashtra, India |
|
Date of Birth/Age : |
12.10.1956 |
|
Date of Appointment : |
16.04.2008 |
|
DIN No.: |
02090534 |
|
|
|
|
Name : |
Mr. Santosh Bhargav Bamne |
|
Designation : |
Director |
|
Address : |
9, Ashwin Building, Municipal School Road, Goregaon (East),
Mumbai-400063, Maharashtra, India |
|
Date of Birth/Age : |
25.08.1967 |
|
Date of Appointment : |
15.05.2008 |
|
DIN No.: |
02145126 |
|
|
|
|
Name : |
Mr. Sanjay Bhargav Bamne |
|
Designation : |
Director |
|
Address : |
9, Uday Apartments, Prof. V S Agashe Path, Dadar (West),
Mumbai-400028, Maharashtra, India |
|
Date of Birth/Age : |
25.07.1969 |
|
Date of Appointment : |
01.11.2009 |
|
DIN No.: |
02145202 |
|
|
|
|
Name : |
Mr. Pradeep Madanmohan Bihani |
|
Designation : |
Director |
|
Address : |
301, Amar Niketan, J B Nagar, Andheri (East), Mumbai-400059,
Maharashtra, India |
|
Date of Birth/Age : |
25.09.1961 |
|
Date of Appointment : |
01.11.2009 |
|
DIN No.: |
02670524 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Anil Bihani |
45000 |
|
Melwyn Frnandes |
104000 |
|
Celine Fernandes |
16000 |
|
Santosh Bamne |
90500 |
|
Kamla Bihani |
1000 |
|
Madhu Bihani |
71000 |
|
Surekha Bihani |
1000 |
|
Pradeep Bihani |
41000 |
|
Sanjay Bamne |
75500 |
|
Pooja Bamne |
1000 |
|
Sharddha Bamne |
13000 |
|
Madan Mohan Bihani |
21000 |
|
Clever Consultants Private Limited, India |
30000 |
|
Rohyl consultancy Private Limited, India |
30000 |
|
TOTAL
|
540000 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
11.11 |
|
Directors or relatives of Directors |
88.89 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Printing Materials |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Uganda |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
·
Retailers ·
End Users |
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No. of Employees : |
112 (Approximately) |
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|
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Bankers : |
·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018,
Maharashtra, India Tel No.:- 91-22-66699000 ·
Bank of Baroda ·
Apna Sahakari Bank |
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
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Facilities : |
|
||||||||||||||||||||||||||||||
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sanjay Samdani and Associates Chartered Accountant |
|
Address : |
106-D, Trade Corner, Sakinaka, Mumbai-400072, Maharashtra, India |
|
Tel. No.: |
91-22-28526152 |
|
Telefax No.: |
91-22-28520621 |
|
E-Mail : |
|
|
PAN No.: |
AACPS658L |
|
|
|
|
Related Parties : |
·
Clever Consultants Private Limited ·
Sap Printers ·
Shivam Graphics |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
540000 |
Equity Shares |
Rs.10/- each |
Rs. 5.400
Millions |
|
|
|
|
|
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 |
5.400 |
5.400 |
3.600 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
118.504 |
91.732 |
38.086 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
123.904 |
97.132 |
41.686 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
45.411 |
45.571 |
16.837 |
|
|
2] Unsecured Loans |
31.250 |
31.250 |
21.007 |
|
|
TOTAL BORROWING |
76.661 |
76.821 |
37.844 |
|
|
DEFERRED TAX LIABILITIES |
3.589 |
1.714 |
1.098 |
|
|
|
|
|
|
|
|
TOTAL |
204.154 |
175.667 |
80.628 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
121.038 |
62.105 |
33.189 |
|
|
Capital work-in-progress |
0.000 |
39.837 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
33.771
|
17.459 |
13.089 |
|
|
Sundry Debtors |
63.905
|
76.849 |
60.156 |
|
|
Cash & Bank Balances |
13.964
|
17.698 |
1.126 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
7.817
|
6.711 |
4.562 |
|
Total
Current Assets |
119.457
|
118.717 |
78.933 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
22.419
|
26.228 |
22.704 |
|
|
Other Current Liabilities |
13.294
|
18.330 |
8.387 |
|
|
Provisions |
0.628
|
0.434 |
0.403 |
|
Total
Current Liabilities |
36.341
|
44.992 |
31.494 |
|
|
Net Current Assets |
83.116
|
73.725 |
47.439 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
204.154 |
175.667 |
80.628 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
427.243 |
509.912 |
325.917 |
|
|
|
Other Income |
0.600 |
0.637 |
0.625 |
|
|
|
TOTAL |
427.843 |
510.549 |
326.542 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
|
361.535 |
236.260 |
|
|
|
Operating Expenses |
|
40.553 |
30.848 |
|
|
|
Payments to and provision for employees |
|
19.925 |
13.322 |
|
|
|
Miscellaneous, Administration and Selling Expenses |
|
10.279 |
6.133 |
|
|
|
TOTAL |
372.679 |
432.292 |
286.563 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
55.164 |
78.257 |
39.979 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
7.785 |
3.332 |
3.565 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
47.379 |
74.925 |
36.414 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
7.003 |
3.429 |
2.226 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
40.375 |
71.496 |
34.188 |
|
|
|
|
|
|
|
|
|
|
TAX |
13.145 |
24.616 |
11.956 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
27.229 |
46.880 |
22.232 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
73.782 |
32.136 |
12.530 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.800 |
4.800 |
2.350 |
|
|
|
Dividend |
0.087 |
0.062 |
0.039 |
|
|
|
Tax on Dividend |
0.540 |
0.372 |
0.237 |
|
|
BALANCE CARRIED
TO THE B/S |
97.584 |
73.782 |
32.136 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2.063 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
2.063 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods & Spares Parts |
18.365 |
0.931 |
NA |
|
|
TOTAL IMPORTS |
18.365 |
0.931 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
50.74 |
125.75 |
93.56 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.36
|
9.18 |
6.81 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.45
|
14.02 |
10.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.79
|
39.54 |
30.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.74 |
0.82 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.62
|
0.79 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.29
|
2.64 |
2.51 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
|
UNSECURED LOAN |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Loan and advances from related parties |
16.250 |
16.250 |
|
Intercorporate loan |
15.000 |
15.000 |
|
|
|
|
|
TOTAL |
31.250 |
31.250 |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
|
|
|
|
Others |
22.419
|
26.228 |
22.704 |
|
|
|
|
|
|
TOTAL |
22.419 |
26.228 |
22.704 |
OPERATIONS
This is the fourth year of operation of the Company. During the year
ended on 31st March 2012, total turnover achieved by the company was Rs.
427.844 Millions as compared to Previous Year of Rs. 510.549 Millions. The
comparison with previous year is showing a negligible decrease of Rs. 82.705
Millions. The reason for decrease in sales was bearish financial market and
green initiatives in corporate governance.
The new constructed factory at Vasai in October 11 and it is fully
operational now.
FORM 8
|
Corporate
identity number of the company |
U22219MH2008PTC181207 |
|
Name of the
company |
SAP PRINT
SOLUTIONS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
28A, Laxmi Industrial Estate, Ganpatrao Kadam Marg, S N Path, Lower Parel, Mumbai-400013, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge ·
Others |
|
Particular of
charge holder |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India |
|
Nature of instrument
creating charge |
Deed of
Hypothecation Dated 17.11.2012 |
|
Date of
instrument Creating the charge |
17.11.2012 |
|
Amount secured by
the charge |
Rs. 113.570
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest -- Terms of repayment -- Margin -- Extent and operation of the charge Exclusive charge
on whole Current Assets and Movable Fixed Assets Both Present and Future. |
|
Short particulars
of the property charged (Including location of the property) |
Exclusive charge
on whole Current Assets and Movable Fixed Assets Both Present and Future. |
FIXED ASSETS
·
Freehold Land
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Computers
·
Air Conditioners
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. 54.62 |
|
|
1 |
Rs. 83.69 |
|
Euro |
1 |
Rs. 71.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.