1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SONA COMMERCIAL PRIVATE LIMITED |
Principal Name 1 |
Mr. Sanjay Suneja |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Krishen Chand Suneja |
|
|
|
Registration # |
55-067834 |
|
Street Address |
B-247, Okhla Industrial Area Phase – 1 |
||
|
Established Date |
26.04.1995 |
SIC Code |
-- |
|
Telephone# |
91-11-65651477 |
Business Style 1 |
Trading |
|
Fax # |
91-11-41610176 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Paper |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.4,625,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 94.00%, Other 6.00% |
Banking |
HDFC Bank
Limited |
|
Public Limited Corp. |
No |
Business Period |
17 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
235,973,000 |
Current Liabilities |
145,702,000 |
|
Inventories |
119,650,000 |
Long-term Liabilities |
199,614,000 |
|
Fixed Assets |
9,188,000 |
Other Liabilities |
1,383,000 |
|
Deferred Assets |
000 |
Total Liabilities |
346,699,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
13,487,000 |
|
|
|
Net Worth |
18,112,000 |
|
Total Assets |
364,811,000 |
Total Liab. & Equity |
364,811,000 |
|
Total Assets (Previous Year) |
319,081,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
690,510,000 |
Net Profit |
2,231,000 |
|
Sales(Previous yr) |
573,074,000 |
Net Profit(Prev.yr) |
660,000 |
MIRA
INFORM REPORT
|
Report Date : |
22.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
SONA COMMERCIAL
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-247, Okhla Industrial Area Phase – 1 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.04.1995 |
|
|
|
|
Com. Reg. No.: |
55-067834 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.625
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PTC067834 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS22264E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS8898N |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business
: |
Trading in Paper. |
|
|
|
|
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 72000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
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 : |
B-247, Okhla Industrial Area Phase – 1 |
|
Tel. No.: |
91-11-65651477/ 43362000 |
|
Fax No.: |
91-11-41610176 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located At: v
v
Mumbai v
v
Ahmedabad v
v
Kolkata v
Pune v
v
Chennai v
Tamilnadu |
DIRECTORS
AS ON 09.07.2012
|
Name : |
Mr. Sanjay Suneja |
|
Designation : |
Director |
|
Address : |
B-247, Okhla Industrial Area Phase – 1 |
|
Date of Birth/Age : |
15.10.1964 |
|
Date of Appointment : |
10.12.2002 |
|
DIN No.: |
01552440 |
|
|
|
|
Name : |
Mr. Krishen Chand Suneja |
|
Designation : |
Director |
|
Address : |
B-247, Okhla Industrial Area Phase – 1 |
|
Date of Birth/Age : |
13.01.1967 |
|
Date of Appointment : |
10.12.2002 |
|
DIN No.: |
01117080 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2011
|
Names of Shareholders |
|
No. of Shares |
|
Amaranth Suneja |
|
57107 |
|
Sanjay Suneja |
|
45900 |
|
K.C. Suneja |
|
29480 |
|
Shyam Suneja |
|
67100 |
|
Sameeksha Suneja |
|
78013 |
|
K.C Suneja HUF |
|
12400 |
|
Instant Travels and Tours Private Limited |
|
20000 |
|
Lord Shiv Investment and Trading Company Private Limited |
|
20000 |
|
Mayank Medilab Private Limited |
|
21500 |
|
Vishrut Marketing Private Limited |
|
25000 |
|
Nand Kumar Jhangiani |
|
48000 |
|
Sushila |
|
10000 |
|
|
|
|
|
TOTAL
|
|
434500 |
AS ON 26.03.2012
|
Names of Allottees |
|
No. of Shares |
|
Paramjeet Kaur |
|
4500 |
|
Ramneek Kaur |
|
2500 |
|
Maheshwari Financial Services Private Limited, India |
|
5000 |
|
Vikas Kumar Khanna |
|
6000 |
|
Neeti Bansal |
|
5000 |
|
Toor Finance Company Limited, India |
|
5000 |
|
|
|
|
|
TOTAL
|
|
28000 |
AS ON 09.07.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
94.00 |
|
Other
|
|
6.00 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Paper. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
West, Mumbai – 400013, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Anil Singhal and Associates Chartered Accountants |
|
Address : |
1304 |
|
Tel. No.: |
91-11-25718022/ 25731596 |
|
E-Mail : |
|
|
PAN No: |
AACFA0220C |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
462500 |
Equity Shares |
Rs.10/- each
|
Rs.4.625
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 |
4.625 |
4.345 |
3.765 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.487 |
8.747 |
5.722 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
18.112 |
13.092 |
9.487 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
128.228 |
2.805 |
0.000 |
|
|
2] Unsecured Loans |
71.386 |
156.019 |
167.639 |
|
|
TOTAL BORROWING |
199.614 |
158.824 |
167.639 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
217.726 |
171.916 |
177.126 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.188 |
9.264 |
5.009 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
119.650
|
144.376
|
0.000 |
|
|
Sundry Debtors |
179.629
|
121.634
|
164.573 |
|
|
Cash & Bank Balances |
10.429
|
6.785
|
1.532 |
|
|
Other Current Assets |
11.114
|
33.896
|
144.173 |
|
|
Loans & Advances |
34.801
|
3.126
|
21.022 |
|
Total
Current Assets |
355.623
|
309.817
|
331.300 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
134.652
|
|
|
|
|
Other Current Liabilities |
11.050
|
146.621
|
158.763 |
|
|
Provisions |
1.383
|
0.544
|
0.420 |
|
Total
Current Liabilities |
147.085
|
147.165
|
159.183 |
|
|
Net Current Assets |
208.538
|
162.652
|
172.117 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
217.726 |
171.916 |
177.126 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
690.510 |
573.074 |
|
|
|
Other Income |
|
29.055 |
11.359 |
|
|
|
TOTAL (A) |
|
719.565 |
584.433 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
616.706 |
548.531 |
|
|
|
Employees Benefit Expenses |
|
19.711 |
13.294 |
|
|
|
Direct Expenses |
|
10.822 |
3.718 |
|
|
|
Administrative and Other Expenses |
|
31.831 |
21.700 |
|
|
|
Changes in Inventories of Finished Goods |
|
24.725 |
(12.679) |
|
|
|
TOTAL (B) |
|
703.795 |
574.564 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
15.770 |
9.869 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
10.558 |
6.981 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
5.212 |
2.888 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
1.901 |
1.925 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
3.311 |
0.963 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
1.080 |
0.303 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
2.231 |
0.660 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
4.82 |
1.52 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.31
|
0.11 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.47
|
0.17 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.91
|
0.30 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.07 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
19.14
|
23.37 |
34.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.42
|
2.11 |
2.08 |
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 |
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 |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
|
UNSECURED LOAN |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Loans and Advances From Related Parties |
71.386 |
156.019 |
|
TOTAL
|
71.386 |
156.019 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74899DL1995PTC067834 |
|
Name of the
company |
SONA COMMERCIAL
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-247, Okhla
Industrial Area, Phase-1, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80003552 |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
CIN No.: L65920MH1994PLC080618 HDFC Bank
Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel West, Mumbai –
400013, Maharashtra, India Email ID: RBBform8@hdfcbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplementary
Letter of Hypothecation. |
|
Date of
instrument Creating the charge |
28.10.2011 |
|
Amount secured by
the charge |
Rs. 140.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of Repayment On Demand 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 Company's Stocks and Book Debts etc, as a continuing
security as mentioned in Column No.15 to secure below for the repayment of Rs.1400 Lacs
together with interest, costs, charges, expenses and other moneys due and
payable by the Company to the Bank. Others NIL |
|
Short particulars
of the property charged |
Stock in Trade,
consisting of raw materials, goods in process of manufacturing finished goods,
and other merchandise whatsoever being movable properties All the debts,
that is, all the book debts, outstanding, monies receivables, claims, bills, invoice documents, contracts,
guarantees, and rights |
|
Date of latest
modification prior to the present modification |
06.12.2010 |
|
Particulars of
the present modification |
The Charge shall
now stand increased from Rs.125.267 Millions to Rs.140.000 Millions against
the security of Stocks and Book Debts
of the Company. |
NOTE:
The registered office of the company has been shifted from B-18/5, Ramesh Nagar, Raja Garden Chowk, New Delhi-110015, India to the present address w.e.f. 01.04.2010.
FIXED ASSETS:
·
Air Conditioners
·
Car
·
Computer
·
Furniture and Fixtures
·
Fan
·
Inverter
·
Mobil Phone
·
Cycle Atlas
·
Office Equipments
·
Motor Cycle
·
Roller Stand
·
Refrigerator
·
Generator
·
Fire Extinguisher
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] 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.53.87 |
|
|
1 |
Rs.85.53 |
|
Euro |
1 |
Rs.71.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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 |
NO |
|
--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.