1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Sumaria
Appliances Private Limited |
Principal Name 1 |
Mr. Premchand Keshavji Shah |
|
Status |
Moderate |
Principal Name 2 |
Mr. Nihal Premchand Shah |
|
|
|
Registration # |
11-128806 |
|
Street Address |
Shop No.8-11, King’s Corner, L J Road, Opposite Victoria Church,
Mahim, Mumbai – 400 016, Maharashtra, India |
||
|
Established Date |
21.09.2000 |
SIC Code |
-- |
|
Telephone# |
91-22-25799210/ 24313020 |
Business Style 1 |
Wholesalers |
|
Fax # |
91-22-25799208 |
Business Style 2 |
Dealers |
|
Homepage |
Product Name 1 |
Consumer, Durable Products, |
|
|
# of employees |
200 (Approximately) |
Product Name 2 |
Communication Technology Products |
|
Paid up capital |
Rs.1,00,000/-
|
Product Name 3 |
Media Products |
|
Shareholders |
Directors or relatives of
directors- 100% |
Banking |
ICICI Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
13 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
20,948,000 |
Current Liabilities |
19,365,000 |
|
Inventories |
44,890,000 |
Long-term Liabilities |
78,215,000 |
|
Fixed Assets |
39,698,000 |
Other Liabilities |
367,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
97,947,000 |
|
Invest& other Assets |
5,822,000 |
Retained Earnings |
13,311,000 |
|
|
|
Net Worth |
13,411,000 |
|
Total Assets |
111,358,000 |
Total Liab. & Equity |
111,358,000 |
|
Total Assets (Previous Year) |
111,016,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
Not Available |
|
Sales(Previous yr) |
248,147,000 |
Net Profit(Prev.yr) |
Not Available |
MIRA
INFORM REPORT
|
Report Date : |
23.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUMARIA APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No.8-11, King’s Corner, L J Road, Opposite Victoria Church,
Mahim, Mumbai – 400016, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.09.2000 |
|
|
|
|
Com. Reg. No.: |
11-128806 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51325MH2000PTC128806 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS27031E |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Wholesalers, Distributors, Traders, Retailers, Importers, Exporter and
Dealers in all types of Consumer, Durable Products, Information and
Communication Technology Products, Media Products, Entertainment Products and
its Accessories and Consumables. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 54000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
management of the company has failed to file its financials with the
government department for the year 2012. The previous year’s profit and loss statement is also not available.
As per the available financials, the financial strength of the company
appeared below average due to huge external borrowings. However, business is active. Payment terms are unknown. The company can be considered
for business with great caution. |
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 |
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 : |
Shop No.8-11, King’s Corner, |
|
Tel. No.: |
91-22-25799210/ 24313020/ 61916868 |
|
Fax No.: |
91-22-25799208/ 25967037 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Branches : |
Located At :- · Mahim · Chembur · Thane ·
|
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Premchand Keshavji Shah |
|
Designation : |
Director |
|
Address : |
81, Dadar Silver Beach CHS, off, Veer Savarkar Marg, Dadar, Mumbai –
400 028, Maharashtra, India |
|
Date of Birth/Age : |
05.06.1943 |
|
Date of Appointment : |
21.09.2000 |
|
DIN No.: |
00130255 |
|
|
|
|
Name : |
Mr. Nihal Premchand Shah |
|
Designation : |
Director |
|
Address : |
81, Dadar Silver Beach CHS, off, Veer Savarkar Marg, Dadar, Mumbai –
400 028, |
|
Date of Birth/Age : |
15.04.1971 |
|
Date of Appointment : |
21.09.2000 |
|
DIN No.: |
00130305 |
|
|
|
|
Name : |
Mr. Sharman Premchand Shah |
|
Designation : |
Director |
|
Address : |
81, Dadar Silver Beach CHS, off, Veer Savarkar Marg, Dadar, Mumbai –
400 028, |
|
Date of Birth/Age : |
23.06.1975 |
|
Date of Appointment : |
21.09.2000 |
|
DIN No.: |
00130344 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Premchand K Shah |
|
238 |
|
Nihal Premchand Shah |
|
250 |
|
Sharman Shah |
|
250 |
|
Sushila Premchand Shah |
|
250 |
|
Manisha N Shah |
|
1 |
|
Dhara S Shah |
|
1 |
|
Vanechand N Vora |
|
1 |
|
Mrudula V Shah |
|
1 |
|
Premchand K Shah |
|
1 |
|
Hira G Vora |
|
1 |
|
Maniben Shah |
|
1 |
|
Premchand K Shah (HUF) |
|
1 |
|
Mahendra H. Gada (HUF) |
|
1 |
|
Pramod Jayantilal Vyas |
|
1 |
|
Saroj Alpesh Rawal |
|
1 |
|
Kiran Jagdish Rawal |
|
1 |
|
|
|
|
|
Total |
|
1000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesalers, Distributors, Traders, Retailers, Importers, Exporter
and Dealers in all types of Consumer, Durable Products, Information and
Communication Technology Products, Media Products, Entertainment Products and
its Accessories and Consumables. |
GENERAL INFORMATION
|
Suppliers : |
· Akal Consumer Electronics Industries Limited · Dentsu Marcom Private Limited · Eta Star Appliances Private Limited · Just Dial Private Limited · L G Electronics India Limited · IFB India Limited · Rahi Electronics Private Limited · Samsung India Electronics Limited · Whirlpool of India Limited · Carrier Aircon Limited · Philips India Limited · Bajaj Electricals Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
· Aimco Pesticides Limited · Godrej Appliances Limited · Indian Hotels Company Limited · Kesri Tours and Travels ·
Lasalle partners ( · Rediffusion Dy and R Private Limited · SKF Bearing Limited · HSBC Limited · Samsung Electronics India Private Limited · Solutions Integrated Marketing Services Private Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· ICICI Bank Limited Land Mark Race Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India · Citi Bank NA Citigroup Centre, Bandra Kurla Complex, G – Block Bandra (East), Mumbai – 400051,
Maharashtra, India · Bank of Baroda Shivaji Park Branch, Mumbai – 400016, Maharashtra, India · Canara Bank ·
Union Bank of |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J H Ghumara and Company Chartered Accountants |
|
Address : |
B/14, Jessika Natakwala Lane, S. V. Road, Borivali East, Mumbai –
400066, Maharashtra, India |
|
PAN No.: |
AAIPG6171A |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500 |
Equity Shares |
Rs.100/- each |
Rs.0.450 million |
|
500 |
14% Cumulative Participating Redeemable
Preference Shares |
Rs.100/- each |
Rs.0.050 million |
|
|
|
|
|
|
|
Total |
|
Rs.0.500 million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity shares |
Rs.100/-
each |
Rs.0.100
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.311 |
10.636 |
21.218 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.411 |
10.736 |
21.318 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
78.215 |
71.240 |
100.391 |
|
|
TOTAL BORROWING |
78.215 |
71.240 |
100.391 |
|
|
DEFERRED TAX LIABILITIES |
0.367 |
0.367 |
0.368 |
|
|
|
|
|
|
|
|
TOTAL |
91.993 |
82.343 |
122.077 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
39.698 |
39.717 |
27.924 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.822 |
4.822 |
16.559 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
44.890
|
51.719
|
54.896
|
|
|
Sundry Debtors |
8.877
|
4.102
|
0.965
|
|
|
Cash & Bank Balances |
0.863
|
1.117
|
2.172
|
|
|
Other Current Assets |
4.423
|
5.570
|
4.501
|
|
|
Loans & Advances |
6.785
|
3.969
|
27.022
|
|
Total
Current Assets |
65.838
|
66.477 |
89.556 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
4.081
|
17.105
|
9.811
|
|
|
Other Current Liabilities |
|
7.869
|
3.237
|
|
|
Provisions |
|
3.699
|
5.471
|
|
Total
Current Liabilities |
19.365
|
28.673
|
18.519
|
|
|
Net Current Assets |
46.473
|
37.804
|
71.037
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
6.557 |
|
|
|
|
|
|
|
|
TOTAL |
91.993 |
82.343 |
122.077 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
248.147 |
243.541 |
|
|
|
Other Income |
|
1.075 |
2.328 |
|
|
|
TOTAL (A) |
|
249.222 |
245.869 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
216.124 |
214.953 |
|
|
|
Managerial Remuneration and Employee Cost |
|
7.188 |
7.658 |
|
|
|
Administrative & Other Expenses |
|
15.629 |
21.075 |
|
|
|
Selling & Distribution Expenses |
|
11.298 |
6.765 |
|
|
|
TOTAL (B) |
|
250.239 |
250.451 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(1.017) |
(4.582) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.284 |
4.656 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(1.301) |
(9.238) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
NA |
2.383 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
NA |
(11.621) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
NA |
0.820 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
NA |
(12.441) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
-- |
(12441.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA |
(5.06) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
(4.77) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
(9.89) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
(0.55) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
5.83
|
6.64 |
4.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.40
|
2.32 |
4.84 |
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 |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last one 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 |
No |
|
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 |
FIXED ASSTES:
· Motor Car
· Computers
· Air Conditioners
· Furniture and Fixtures
· Telephone Equipments
· Fax Machines
· Electrical Installation
· Neon Sign Board
· Refrigerator
· Water Purifier
· Cable Disk
· Shop Premises
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 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] 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.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.