MIRA INFORM REPORT
|
Report Date : |
02.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAHAJANAND TECHNOLOGIES PRIVATE LIMITED (w.e.f. 29.08.
2002) |
|
|
|
|
Formerly Known As
: |
SAHAJANAND LASER
TECHNOLOGY PRIVATE LIMITED (w.e.f. 29.03.1995) SAHAJANAND LASER
SOS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
401, Gandhi
Smruti, Parsi Street, Sayedpura, Surat – 395003, Gujarat |
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Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
15.03.1993 |
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|
|
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Com. Reg. No.: |
04-019133 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900GJ1993PTC019133 |
|
|
|
|
IEC No.: |
0893003638 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTS00836D |
|
|
|
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PAN No.: [Permanent Account No.] |
AADCS4343N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
Manufacturer,
Supplier, Trader and Exporter of Diamond Cutting Laser Machine, Laser Spot
Welding Machine, Card Personalization Laser Systems, Rapid Prototyping
Machine, Laser Engraving Machine. |
|
|
|
|
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 1500000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a satisfactory track record. There
appears slight dip in profitability during the current year. However, general financial position of the company seems to be strong.
Performance capacity appears to high. Trade relations are reported to be
fair. Business is active. Payments are reported to be 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) |
|
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BB+ (Cash Credit) |
|
Rating Explanation |
Having moderate risk of default regarding
timely servicing of financial obligation. It carry moderate credit risk. |
|
Date |
November 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.
LOCATIONS
|
Registered/ Head Office : |
401, Gandhi
Smruti, Parsi Street, Sayedpura, Surat – 395003, Gujarat, India |
|
Tel. No.: |
91-261-2451451-58 |
|
Fax No.: |
91-261-2427947 |
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E-Mail : |
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|
Website : |
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|
Area : |
2400 Sq. ft. |
|
Location : |
Owned |
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|
|
|
Factory : |
Plot No.33, 34, 35, 52, 53 and 54, Surat Special Economic Zone, Road,
Surat – 394230, Gujarat, India |
|
Tel. No.: |
91-261-2398711/ 2398712/ 2398463 |
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Fax No.: |
91-261-2398331 |
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Branch : |
Located at:
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DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Dhirajkumar Savjibhai Vasoya |
|
Designation : |
Managing Director |
|
Address : |
AB-12/13, Raghuvir Society, Umara, Surat - 395007 Gujarat, India |
|
Date of Birth/Age : |
03.04.1962 |
|
Date of Appointment: |
12.05.2006 |
|
PAN No.: |
ABDPV6538Q |
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Qualification : |
B.Com |
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DIN No.: |
00013067 |
|
|
|
|
Name : |
Mr. Dhirajlal Vallabhbahi Kotadia |
|
Designation : |
Director |
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Address : |
43, Narayanmuni Nagar, Near Swaminarayan Gurukul Vek Road, Surat,
Gujarat, India |
|
Date of Birth/Age : |
01.01.1958 |
|
Qualification : |
BE (Electronic) |
|
Date of Appointment: |
25.03.2004 |
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PAN No.: |
ADWPK8028P |
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DIN No.: |
00013035 |
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|
|
|
Name : |
Mr. Jayantibhai Kanubhai Vaghasia |
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Designation : |
Additional Director |
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Address : |
01- Floor, 102- Saujanya-Apartments, Behind Sarjan Society, Near-Ravidarshan- Apartments, City Light Road, Choriyasi, Surat – 395007, Gujarat, India |
|
Date of Birth/Age : |
15.04.1974 |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
00035694 |
|
|
|
|
Name : |
Mr. Rahul Mahendrakumar Gaywala |
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Designation : |
Additional Director |
|
Address : |
71, Haridwar Co-Operative Society, Adajan Gate, Bun. 71, Anand Mahal
Road, New Gujarat Gas Road, Surat – 395003, Gujarat, India |
|
Date of Birth/Age : |
07.01.1971 |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
05224056 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dhirajlal V.
Kotadia |
|
250000 |
|
Dhirajkumar S.
Vasoya |
|
500500 |
|
Vallabhbhai N.
Kotadia |
|
2250000 |
|
Shardaben D.
Kotadia |
|
1999500 |
|
|
|
|
|
Total |
|
5000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Supplier, Trader and Exporter of Diamond Cutting Laser Machine, Laser Spot
Welding Machine, Card Personalization Laser Systems, Rapid Prototyping
Machine, Laser Engraving Machine. |
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|
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Products : |
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PRODUCTION STATUS (As on: 31.03.2012)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Laser Machines |
Machines |
350 |
77 |
|
Diamond Measurement Systems |
Machines |
500 |
147 |
|
Automatic Polishing Machine |
Machines |
100 |
00 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
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Bankers : |
· Dena Bank, Industrial Finance Branch, Maker Tower ‘E’, 9th Floor, Cuffe Parade, Mumbai – 400 005, Maharashtra, India
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Facilities : |
(Rs.
In Millions)
|
|
|
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Surendra Shah and
Associates Chartered
Accountants |
|
Address : |
7006, 7th
Floor, World Trade Centre, Near Udhna Darwaja, Ring Road, Surat –395002,
Gujarat, India |
|
Tel. No.: |
91-261-2353774/
2334427/ 2302346/ 3912346/ 6662346 |
|
Mobile No.: |
91-9374715151 |
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Fax No.: |
91-261-2353774/
2334427/ 2302346/ 3912346/ 6662346 |
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E-Mail : |
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PAN.: |
AAJFS8458H |
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Related Party : |
CIN No.:
U33119GJ2001PTC040121
CIN No.: U24231GJ2001PTC039726
CIN
No.: U29199GJ1997PTC032545
CIN
No.: U36912GJ1999PTC035792
CIN
No.: U65910GJ1992PTC017573 |
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Subsidiary Company : |
|
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000
Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000
Millions |
|
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|
|
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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 |
50.000 |
50.000 |
50.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
344.070 |
315.207 |
273.684 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
394.070 |
365.207 |
323.684 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
109.988 |
83.284 |
0.596 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
109.988 |
83.284 |
0.596 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
504.058 |
448.491 |
324.280 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
59.953 |
40.894 |
44.693 |
|
|
Capital work-in-progress |
0.000 |
7.415 |
4.412 |
|
|
|
|
|
|
|
|
INVESTMENT |
109.208 |
28.534 |
25.274 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
OTHER NON CURRENT ASSETS |
4.559 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
207.746 |
203.574 |
132.803 |
|
|
Sundry Debtors |
77.461 |
58.512 |
72.877 |
|
|
Cash & Bank Balances |
2.634 |
1.149 |
3.044 |
|
|
Other Current Assets |
22.076 |
0.000 |
0.000 |
|
|
Loans, Advances & Deposits |
83.836 |
140.252 |
64.258 |
|
Total
Current Assets |
393.753
|
403.487
|
272.982
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
44.150
|
4.890
|
8.014
|
|
|
Other Current Liabilities |
1.360 |
9.723 |
8.613 |
|
|
Provisions |
17.905 |
17.226 |
6.516 |
|
Total
Current Liabilities |
63.415 |
31.839 |
23.143 |
|
|
Net Current Assets |
330.338 |
371.648 |
249.839 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.062 |
|
|
|
|
|
|
|
|
TOTAL |
504.058 |
448.491 |
324.280 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
353.916 |
216.200 |
|
|
|
|
Other Income |
27.017 |
20.166 |
|
|
|
|
TOTAL (A) |
380.933 |
236.366 |
157.418 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
|
|
|
|
Manufacturing Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Other Expenditure |
|
|
|
|
|
|
TOTAL (B) |
332.735 (including
financial expenses) |
179.432 (including
financial expenses) |
136.819 (including
financial expenses) |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
48.198 |
56.934 |
20.599 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.435 |
6.502 |
7.161 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
EXPENSES |
0.000 |
0.072 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
38.763 |
50.360 |
13.438 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.900 |
8.838 |
1.540 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
28.863 |
41.522 |
11.898 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
77.830 |
30.526 |
33.342 |
|
|
TOTAL EARNINGS |
77.830 |
30.526 |
33.342 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
FOB Value |
169.948 |
162.914 |
50.322 |
|
|
|
Custom Duty |
0.071 |
0.058 |
0.093 |
|
|
|
Fright, Clearing and Forwarding Expenses, Insurance Charges |
4.939 |
3.531 |
1.919 |
|
|
TOTAL IMPORTS |
174.958 |
166.503 |
52.334 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.77 |
8.30 |
4.41 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.58 |
17.57 |
7.56 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.95 |
23.29 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.54 |
11.33 |
4.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.14 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.28 |
0.23 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.21 |
12.67 |
11.80 |
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 |
Yes |
|
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 |
OPERATION:
The company has earned gross revenue of
Rs.380.933 Millions during the year. After providing an expenditure of Rs.
342.170 Millions, the company has earned Net Profit before Exceptional Item and
Tax of Rs.38.763 Millions. The net Profit after tax is Rs.28.863 Millions.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U72900GJ1993PTC019133 |
|
Name of the
company |
SAHAJANAND
TECHNOLOGIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
401, Gandhi
Smruti, Parsi Street, Sayedpura, Surat – 395003, Gujarat, India Email : contact@sahajanand.co.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
Bank of Baroda,
Swaminarayan Bhavan, Hathupura
Char Rasta, Sayadpura, Suart-395003, Gujarat, India Email : sayedp@bankofbaroda.com
|
|
Nature of
instrument creating charge |
Composite
hypothecation agreement |
|
Date of
instrument Creating the charge |
14.02.2011 |
|
Amount secured by
the charge |
Rs.150.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 3.75% above base
rate Terms of
Repayment On demand Margin 25% for RM, SIP,
FG, Stores and Spares and Packing Materials 50% for Book-debts
up to 90 days Extent and
Operation of the charge This charge will
operate against the inventories, book debts and movable plant and machineries
to the extent of Rs. 150.000 Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Exclusive 1st
charge by way of Hypothecation of Stock and Book Debts, Plant and Machineries
of the company, both present and future. |
FIXED ASSETS:
·
·
·
Plant and Machinery
·
Office Equipment
·
Computer Systems
·
Furniture and Fixture
·
Vehicles
·
Electrical Installation
·
Flat at
·
Master Stone
·
Demo Machine
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.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
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 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.