|
Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SEW ENGINEERING
(INDIA) PRIVATE LIMITED (w.e.f. 02.12.2010) |
|
|
|
|
Formerly Known
As : |
SEW ELECTRICALS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
104, Hanuman
Industrial Estate, 42, G.D. Ambedkar Road, Wadala, Mumbai – 400 031,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.03.1998 |
|
|
|
|
Com. Reg. No.: |
11-113861 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.38.045
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40100MH1998PTC113861 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS4827L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is in the business of Contracting of Electricals Work. |
|
|
|
|
No. of Employees
: |
Not Available |
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 865000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having a satisfactory track record. There appears
some dip in the turnover and profits during 2012. However, trade
relations are reported as fair. Business is active. Payment terms are usually
correct and as per commitment. The company can
be considered 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term – Bank Guarantee Facilities: BBB+ (Suspended) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
November 9, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating: A2+ (Suspended) |
|
Rating Explanation |
Strong Degree of safety and low credit risk. |
|
Date |
November 9, 2012 |
Reason for suspension: Absence of the requisite information from the
company.
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 : |
104, Hanuman
Industrial Estate, 42, G.D. Ambedkar Road, Wadala, Mumbai – 400 031,
Maharashtra, India |
|
Tel. No.: |
91-22-66606818 |
|
Fax No.: |
91-22-66606818 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
302, Rustomjee Aspiree, Bhanu Shankar Yagnik Marg, Off Eastern Express
Highway, Sion (East), Mumbai – 400 022, Maharashtra, India |
|
Tel. No.: |
91-22-61359200 |
|
Fax No.: |
91-22-61359201 |
|
|
|
|
Branch Office : |
Located at: ·
Mumbai ·
Pune ·
Hyderabad ·
Bangalore ·
Goa |
DIRECTORS
As on 27.09.2012
|
Name : |
Mr. Firdaus Homi Masani |
|
Designation : |
Managing Director |
|
Address : |
Vakil Building, 683-A, Khareghat Road, Parsi Colony, Dadar, Mumbai –
400 014, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1957 |
|
Date of Appointment : |
06.03.1998 |
|
DIN No.: |
00151797 |
|
PAN No.: |
AADPM5534G |
|
|
|
|
Name : |
Mr. Bharat Shantilal Sanghavi |
|
Designation : |
Director |
|
Address : |
B-403, Nilesh Apartments, Haridas Nagar, Shinpoli Road, Borivali
(West), Mumbai – 400 092, Maharashtra, India |
|
Date of Birth/Age : |
28.08.1955 |
|
Date of Appointment : |
25.08.2009 |
|
DIN No.: |
00046906 |
|
|
|
|
Name : |
Mrs. Farida Firdaus Masani |
|
Designation : |
Director |
|
Address : |
Vakil Building, 683-A, Khareghat Road, Parsi Colony, Dadar, Mumbai – 400
014, Maharashtra, India |
|
Date of Birth/Age : |
29.10.1954 |
|
Date of Appointment : |
23.03.1998 |
|
DIN No.: |
00151648 |
|
PAN No.: |
AAUPM3811B |
|
|
|
|
Name : |
Ms. Kaniaz Firdaus Masani |
|
Designation : |
Director |
|
Address : |
Vakil Building, 683-A, Khareghat Road, Parsi Colony, Dadar, Mumbai –
400 014, Maharashtra, India |
|
Date of Birth/Age : |
26.01.1983 |
|
Date of Appointment : |
10.09.2001 |
|
DIN No.: |
00151882 |
|
PAN No.: |
AFVPM0099R |
|
|
|
|
Name : |
Shahnaz Firdaus Masani |
|
Designation : |
Director |
|
Address : |
Vakil Building, 683-A, Khareghat Road, Parsi Colony, Dadar, Mumbai –
400 014, Maharashtra, India |
|
Date of Birth/Age : |
24.10.1985 |
|
Date of Appointment : |
22.01.2004 |
|
DIN No.: |
00151999 |
|
PAN No.: |
AJKPM3098B |
|
|
|
|
Name : |
Mr. Amit Nalinkant Dalal |
|
Designation : |
Director |
|
Address : |
81, Sherman, 22, Narayan Dhabolkar Road, Mumbai – 400 006,
Maharashtra, India |
|
Date of Birth/Age : |
31.01.1963 |
|
Date of Appointment : |
17.04.2008 |
|
DIN No.: |
00297603 |
|
PAN No.: |
|
|
|
|
|
Name : |
Mr. Pramod Kumar Akharamka |
|
Designation : |
Additional Director |
|
Address : |
B Block, Flat No.907, The Grand Geejgarh, Hawa Sadak, Near 22 Godam, Pulia,
Jaipur – 302 006, Rajasthan, India |
|
Date of Birth/Age : |
01.01.1970 |
|
Date of Appointment : |
02.11.2012 |
|
DIN No.: |
05014976 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Firdaus H. Masani and Farida F. Masani |
|
1419366 |
|
Farida F. Masani and Firdaus H. Masani |
|
470700 |
|
Kainaz F. Masani and Firdaus H. Masani |
|
418550 |
|
Shahnaz F. Masani and Farida F. Masani |
|
418550 |
|
K.K. Chandran |
|
10008 |
|
Basavaraj S. Bansode |
|
10002 |
|
Mukhtar G. Shaikh |
|
10002 |
|
Shreekanth H. Dhari |
|
9996 |
|
Chandrasllekhar R. Dasappanavar |
|
9996 |
|
Peninsula Land Limited, India |
|
989300 |
As on 27.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
27.00 |
|
Directors
or relatives of directors |
|
71.68 |
|
Other
top fifty shareholders |
|
1.31 |
|
Others
|
|
0.01 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of Contracting of Electricals Work. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Bank of India,
Mumbai Mid Corporate, 70/80, M.G. Road, Bank of India Building, Mezzanine
Floor, Fort, Mumbai – 400 001, Maharashtra, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
AP and Company Chartered Accountants |
|
Address : |
512-A, Rewa
Chambers, 31, Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai – 400
028, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFA6366R |
|
|
|
|
Sister Concern : |
Starlite Electricals Works |
|
|
|
|
Enterprises which are owned, or have significant influence
of or are partners with Key management personnel and their relatives : |
·
System Product Enterprises (India) Private
Limited, India (CIN No.: U74999MH2003PTC141171) ·
Telematics Integrated Solutions Private Limited,
India (CIN No.: U72900MH2008PTC181621) |
|
|
|
|
Associate
Enterprises : |
·
Peninsula Land Limited, India (CIN No.:
L17120MH1871PLC000005) ·
Peninsula Facilities Management Services Limited,
India (CIN No.: U55101MH1999PLC118542)
·
Peninsula Mega Township Developers Private Limited
(CIN No.: U70200MH2007PTC167082) |
CAPITAL STRUCTURE
As on 27.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3804520 |
Equity Shares |
Rs.10/- each |
Rs.38.045
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 |
38.045 |
38.045 |
38.045 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
178.212 |
169.493 |
106.744 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
216.257 |
207.538 |
144.789 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
162.254 |
124.858 |
21.013 |
|
|
2] Unsecured Loans |
40.104 |
29.476 |
10.000 |
|
|
TOTAL BORROWING |
202.358 |
154.334 |
31.013 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
418.615 |
361.872 |
175.802 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
17.905 |
18.297 |
15.735 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
2.242 |
2.061 |
0.818 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
170.704
|
130.674 |
40.621 |
|
|
Sundry Debtors |
645.734
|
532.477 |
339.084 |
|
|
Cash & Bank Balances |
32.993
|
27.572 |
15.807 |
|
|
Other Current Assets |
0.000
|
0.056 |
0.000 |
|
|
Loans & Advances |
150.187
|
143.464 |
86.144 |
|
Total
Current Assets |
999.618
|
834.243 |
481.656 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
528.850
|
387.820 |
47.258 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
209.570 |
|
|
Provisions |
72.300
|
104.909 |
65.691 |
|
Total
Current Liabilities |
601.150
|
492.729 |
322.519 |
|
|
Net Current Assets |
398.468
|
341.514 |
159.137 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.112 |
|
|
|
|
|
|
|
|
TOTAL |
418.615 |
361.872 |
175.802 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
772.730 |
1008.240 |
555.299 |
|
|
|
Other Income |
3.619 |
3.961 |
1.954 |
|
|
|
TOTAL |
776.349 |
1012.201 |
557.253 |
|
|
|
|
|
|
|
|
Less |
EXPENDITURE
INCLUDING INTEREST AND DEPRECIATION |
761.111 |
883.524 |
493.406 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
15.238 |
128.677 |
63.847 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.518 |
43.820 |
22.884 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
8.720 |
84.857 |
40.963 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
135.568 |
72.819 |
45.210 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Final Dividend |
0.000 |
19.022 |
11.414 |
|
|
|
Tax on Dividends |
0.000 |
3.086 |
1.940 |
|
|
BALANCE CARRIED
TO THE B/S |
144.288 |
135.568 |
72.819 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.29 |
22.30 |
10.77 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.12
|
8.38 |
7.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.97
|
12.76 |
11.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.50
|
15.09 |
12.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.62 |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.94
|
0.74 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.66
|
1.69 |
1.49 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
34.500 |
27.000 |
|
Loans and advances from others |
5.604 |
2.476 |
|
Total
|
40.104 |
29.476 |
OPERATING BUSINESS
AND RESULTS:
Company has
achieved Total Income of 776.349 millions during the year under report as
against 1012.201 millions during the previous year representing an decrease of
30%. The net profit after tax stood at 8.720 millions compared to 84.857
millions.
The performance
during the financial year was not as per the expectation because of extraneous
factors beyond the control of management. The Company had sufficient orders in
hand and had target of total sales of 1500.000 millions. The actual performance
against this was total sales of Rs.772.730 millions.
Over all 2011-12 has been a very satisfying year.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U40100MH1998PTC113861 |
|
Name of the company |
SEW ENGINEERING
(INDIA) PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
104, Hanuman
Industrial Estate, 42, G.D. Ambedkar Road, Wadala, Mumbai – 400 031, Maharashtra,
India E-Mail: sanjay.gosalia@sewepl.net |
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
90142551 |
|
Type of charge |
Book Debts Movable Property (not being pledge) Floating Charge |
|
Particular of charge holder |
Bank of India,
Mumbai Mid Corporate, 70/80, M.G. Road, Bank of India Building, Mezzanine
Floor, Fort, Mumbai – 400 001, Maharashtra, India E-Mail: vlaxmancrc@gmail.com |
|
Nature of description of the instrument
creating or modifying the charge |
Supplemental Deed of Hypothecation. |
|
Date of instrument Creating the charge |
02.03.2013 |
|
Amount secured by the charge |
Rs.400.000 millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest: Cash Credit: Interest at the rate of 3.50%
over base Rate Bank Guarantee and (L/C DP/DA 90 days):
Interest 50% of the applicable charge. Terms of Repayment: On Demand. Margin: Margin as may be stipulated by the Bank
from time to time. Extent and Operation of the charge: Hypothecation by way of first charge on Machinery
and Plant, Stocks and Book debts, for the due payment of Rs.400.000 millions,
including the interest/commission,
costs charges and expenses and
all other moneys, whatsoever due owing and payable by the Company to the
Bank. Others: Nil |
|
Short particulars of the property charged |
All tangible movable machineries and
plant, both present and future whether installed or not and whether lying
loose or in cases at site or in transit All tangible movable properties and assets
of whatsoever nature (other than movable and uninstalled machines) of the
Borrower (both present and future) and including but without prejudice to the
generality of the foregoing all stocks of raw materials All the present and future book-debts,
outstanding, money receivables, claims, bills which are not due and owing or
which may at any time |
|
Date of latest modification prior to the
present modification |
22.06.2011 |
|
Particulars of the present
modification |
The charge shall now stand increased from Rs.300.000
millions to Rs.400.000 millions in favour of the bank, against the security
of stocks, book debts, Plant and Machinery of the Company. |
FIXED ASSETS:
·
Buildings
·
Residential Buildings
·
Furniture and Fixtures
·
Vehicles
·
Office equipment
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.53.94 |
|
|
1 |
Rs.82.77 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.