1. Summary Information
|
|
|
Country |
India |
|
Company Name |
ALPEX SOLAR DIVISION OF ALPEX EXPORT PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashwani Sehgal |
|
Status |
Moderate |
Principal Name 2 |
Ms. Monica Sehgal |
|
|
|
Registration # |
55-171352 |
|
Street Address |
B -79, Shivalik
Enclave, Near Malviya Nagar, New Delhi – 110017, Delhi, India |
||
|
Established Date |
27.08.1993 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Importer |
|
Fax # |
Not Available |
Business Style 2 |
Trader |
|
Homepage |
Not Available |
Product Name 1 |
Synthetic yarns |
|
# of employees |
140
(Approximately) |
Product Name 2 |
Polyester yarns |
|
Paid up capital |
Rs.
59,978,000/- |
Product Name 3 |
Core spun yarns |
|
Shareholders |
Directors or relatives of directors - 100.00% |
|
|
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(35) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister
Concern |
-- |
Alpex Exports Private Limited |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
158,662,000 |
Current Liabilities |
63,319,000 |
|
Inventories |
111,007,000 |
Long-term Liabilities |
189,727,000
|
|
Fixed Assets |
178,328,000 |
Other Liabilities |
40,022,000 |
|
Deferred Assets |
000 |
Total Liabilities |
293,068,000 |
|
Invest& other Assets |
7,552,000 |
Retained Earnings |
100,981,000 |
|
|
|
Net Worth |
162,481,000 |
|
Total Assets |
455,549,000 |
Total Liab. & Equity |
455,549,000 |
|
Total Assets (Previous Year) |
527,947,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
51,000,000 |
Net Profit |
Not Available |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
Not Available |
MIRA INFORM REPORT
|
Report Date : |
15.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALPEX SOLAR DIVISION OF ALPEX EXPORT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B -79, Shivalik Enclave, Near Malviya Nagar, New Delhi – 110017 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
27.08.1993 |
|
|
|
|
Com. Reg. No.: |
55-171352 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 59.978 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL1993PT171352 |
|
|
|
|
TIN No.: |
07700171098 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA0842N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
·
Importing and Trading Photovoltalics solar
panel, Manufacturing wind energy
generation, International trading ·
Importer and Exporter of synthetic yarns, nylon
yarns, polyester yarns, bare spandex and core yarn spun yarns. ·
Sole agent and distributor of Samsung knitting
needles. |
|
|
|
|
No. of Employees
: |
140 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 650000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
latest financial of the company are not made available. |
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 |
CRISIL |
|
Rating |
Long Term Rating = BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
09.11.2012 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
09.11.2012 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Raj Kumar |
|
Designation : |
Administration |
|
Contact No.: |
91-11-2654700091- |
|
Date: |
29.12.2012 |
|
|
|
|
Name : |
Mr. Susank |
|
Designation : |
Accountant |
|
Contact No.: |
91-11-26547000 |
|
Date: |
29.12.2012 |
LOCATIONS
|
Registered Office : |
B-79 Shivalik Enclave Near Malviya Nagar, Delhi – 110017, New Delhi,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Branch Office: |
Ludhiana,
Punjab 3, FF, Neelaknth Complex, Satsang Road, Civil Lines, Ludhiana - 141001 Punjab, India Tel No.: 91-161-2407609 / 2407624 Fax No.:91-161-2407631 Email: ludhiana@alpexonline.com Solan (H.P) VIII.Berson, post Manjholi,
Tehsil, Nalagarh, District Solan (H.P) - 174101 Noida D-173, Sector-10, Noida - 201301 Uttar Pradesh, India Jaipur AD-6 C, Devi Marg Bani Park, Jaipur – 302018, Rajasthan, India Patna-1 Bihar H No-13 Ground Floor, Adarsh Colony Kidwaipuri, Patna-1 Bihar Mumbai Pune EL-8, J-Block, MIDC Bhosari, Pune-411026, Maharashtra, India Tamil Nadu 33/2, K P N Colony, K P N Colony, Behind Nalini Hospital, Tiruppur -
641601 Tamil Nadu, India |
|
|
|
|
Corporate Office: |
81/2, 1st Floor, Sri Aurobindo Marg, Near Honda Showroom,
Adhchini, New Delhi – 110017, Delhi, India |
|
Tel. No.: |
91-11-26547000, 26522132 |
|
Fax No.: |
91-11-26515355 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
As on 22.06.2012
|
Name : |
Mr. Ashwani Sehgal |
|
Designation : |
Director |
|
Address : |
B – 3, Geetanjali Enclave, 3rd Floor, New Delhi – 110017,
Delhi, India |
|
Date of Appointment: |
27.08.1993 |
|
DIN No.: |
00001210 |
|
|
|
|
Name : |
Ms. Monica Sehgal |
|
Designation : |
Director |
|
Address : |
B – 3, Geetanjali Enclave, 3rd Floor, New Delhi – 110017,
Delhi, India |
|
Date of Appointment: |
27.08.1993 |
|
DIN No.: |
00001213 |
|
|
|
|
Name : |
Mr. Vipan Kumar |
|
Designation : |
Director |
|
Address : |
B – 3, Geetanjali Enclave, 3rd Floor, New Delhi – 110017,
Delhi, India |
|
Date of Appointment: |
02.04.2002 |
|
DIN No.: |
00001214 |
|
|
|
KEY EXECUTIVES
|
Name : |
Mr. Raj Kumar |
|
Designation : |
Administration |
|
|
|
|
Name : |
Mr. Susank |
|
Designation : |
Accountant |
|
|
|
Equity Share Break up (Percentage of Total Equity)
As on 22.06.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Importing and Trading Photovoltalics solar
panel, Manufacturing wind energy
generation, International trading ·
Importer and Exporter of synthetic yarns, nylon
yarns, polyester yarns, bare spandex and core yarn spun yarns. ·
Sole agent and distributor of Samsung knitting
needles |
|
|
|
|
Agencies Held : |
Samsung |
|
|
|
|
Terms : |
|
|
Selling : |
L/C , Cash and Credit – 30 Days |
|
|
|
|
Purchasing : |
L/C , Cash and Credit – 30 Days |
GENERAL INFORMATION
|
Customers : |
Retailers and Others |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
140 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank Of India, Commercial Branch, A – 5,
South Extension Part – I New Delhi – 110048, Delhi, India ·
Oriental Bank of Commerce, 85 A , Overseas
Branch, Rishyamook Building, Panchkuian Road, New Delhi – 110001, Delhi, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sanjeev Bhargava and Associates Chartered Accountants |
|
Address : |
B-316, Saraswati Vihar , Pitampura , Delhi-110034, New Delhi, India |
|
PAN No.: |
ABJFS7914H |
|
|
|
|
SISTER CONCERNS: |
·
Alpex Exports Private Limited CIN NO.:
U51909DL1993PTC171352 ·
Scan International Private Limited CIN NO U74899DL1994PTC063133 ·
Udaya Fibers Private Limited CIN NO
U17115DL1999PTC100403 ·
Krishma Machine Tools Private Limited CIN NO
U74899DL1991PTC042679 |
|
|
|
CAPITAL STRUCTURE
As on 22.06.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5997800 |
Equity Shares |
Rs.10/- each |
Rs. 59.978
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
59.978 |
10.796 |
|
|
2] Share Application Money |
|
1.522 |
1.822 |
|
|
3] Reserves & Surplus |
|
100.981 |
125.791 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
162.481 |
138.409 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
127.405 |
114.385 |
|
|
2] Unsecured Loans |
|
62.322 |
45.304 |
|
|
TOTAL BORROWING |
|
189.727 |
159.689 |
|
|
DEFERRED TAX LIABILITIES |
|
24.619 |
22.266 |
|
|
|
|
|
|
|
|
TOTAL |
|
376.827 |
320.364 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
178.328 |
152.685 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
5.504 |
6.534 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
111.007
|
91.946 |
|
|
Sundry Debtors |
|
108.936
|
176.662 |
|
|
Cash & Bank Balances |
|
29.672
|
46.866 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
20.054
|
50.953 |
|
Total
Current Assets |
|
269.669
|
366.427 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
39.956
|
139.635 |
|
|
Other Current Liabilities |
|
23.363
|
41.837 |
|
|
Provisions |
|
15.403
|
25.841 |
|
Total
Current Liabilities |
|
78.722
|
207.313 |
|
|
Net Current Assets |
|
190.947
|
159.114 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
2.048 |
2.031 |
|
|
|
|
|
|
|
|
TOTAL |
|
376.827 |
320.634 |
|
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sales Turnover |
51.000 |
29.020 |
NA |
|
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.65 |
2.65 |
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.43 |
1.77 |
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 |
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 |
No |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
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 |
No |
|
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 |
No |
|
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 |
|
Corporate
identity number of the company |
U51909DL1993PTC171352 |
|
Name of the
company |
ALPEX
EXPORTS PVT LTD |
|
Address of the
registered office or of the principal place of business in |
B-79 Shivalik Enclave Near Malviya Nagar New Delhi – 110017,
Delhi, India |
|
This form is for |
Modification Of Charge |
|
Charge identification (ID) number of the charge to be
modified |
10188947 |
|
Type of charge |
· Immovable property · Movable property (not being pledge) |
|
Particular of
charge holder |
Oriental Bank of Commerce, 85A Overseas Branch, Rishyamook
Building,Panchkuian Roadnew Delhi110001 Delhi India |
|
Nature of
instrument creating charge |
Suplemental
Agreement To Secure Credit /Loan facilities as Per Loan DOC-13 Dated 4th
August 2012 |
|
Date of
instrument Creating the charge |
04.08.2012 |
|
Amount secured by
the charge |
Rs. 75.000 Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest 4.00%(Bank's
spread) over Base rate (present BR of the bank is 10.50%) which works out to
14.50% at present with monthly rests,subject to changes in BR/spread from time
to time . Term
of Payment: CC-1 Year Subject To Renewal LC- DP OR DA with usance upto 90 days and buyer's credit
FOR 90 days Margin CC-25% LC-25% in the shape of unencumbered duly discharged
FDR/CDR'S Extent and
operation of the charge 100% Others: Penal
interest @ 2% p.a. Over and above the rate on overdrawn portion shall be
charged. |
|
Short particulars
of the property charged (Including location of the property) |
·
Hypothecation of stocks of raw
material , stock -in-process , finished goods , stores and spares and
receivables on pari- passu basis ·
Documents of title to Goods in Case
of LC on DP Basis ·
Hyp charge over the goods in case of
lc on da basis and documents Shall Be Delivered Against Trust Receipts ·
Personal gurantee of Mrs. Monica
Sehgal w/o Sh. Ashwani sehgal having fnw of rs. 58.600 millions ·
Personal guarantee of sh. Vipin
sehgal s/o sh hl sehgal having fnw of Rs. 22.5 millions ·
Personal guarantee of sh. BC Sikka
s/o Raj Kumar Sikka having FNW of Rs. 49.100 millions ·
Personal guarantee of ashwani sehgal
s/o Sh. H.L. Sehgal having FNW of Rs. 32.700 millions ·
Collateral security-flat no. 17th
& 18th floor in building no. 48 as sea woods ph-ii situated at
sec-54,55,56,nerul,navi mumbai in the name of Mr. B.C. Sikka |
|
Date of last modification prior to the present modification |
21.04.2012 |
|
Particulars of the present modification |
Increase
in credit facilities by Rs. 17.500 millions
from 57.500 millions to 75.000 millions as under: CC-
Rs. 15.000 millions Import
LC-Rs. 60.000 millions (CC-Rs.
100.00 millions -sub limit of LC in addition to regular CC limit of Rs.
15.000 millions) |
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.54.64 |
|
|
1 |
Rs.73.13 |
|
Euro |
1 |
Rs.88.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
35 |
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.