|
Report Date : |
23.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
ELECTRONICS DEVICES WORLDWINDE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
22, Mistry Industrial Estate, MIDC Cross Road, Andheri (East),
Mumbai-400093, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.07.2011 |
|
|
|
|
Com. Reg. No.: |
11-219678 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.400 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29268MH2011PTC219678 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Exporter of Machinery used in Automobile
Industry, Packaging Industries and Infrastructure Industry. |
|
|
|
|
No. of Employees
: |
136 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 12000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated during 1974 as a partnership concern by the name
‘Electronics Devices’ and during July 2011 it was reconstituted as a private
limited company by the name ‘Electronics Devices Worldwide Private Limited’. Mr. Uttam, Director has claimed that the subject has commenced its
business activities from 1st April 2012 as a private limited
company. It has a moderate track record. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings with some caution.
Profit and loss account is not 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 |
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. Uttam |
|
Designation : |
Director |
|
Contact No.: |
91-22-26870443 |
|
Date : |
16.01.2013 |
LOCATIONS
|
Registered Office : |
22, Mistry Industrial Estate, MIDC Cross Road, Andheri (East),
Mumbai-400093, Maharashtra, India |
|
Tel. No.: |
91-22-26870649 / 443 |
|
Fax No.: |
91-22-26871074 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
They have 10 Units in same premises of industrial complex i.e. Unit No
13, 22, 31, 65, 66, 67, 42, 76, 92. unit No 13 is big area including 2 units |
|
Area : |
Approximately 8,000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branches/Sales Office : |
Located At Ø
New Delhi Ø
Kolkata |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Shirish Vinoo Chinoy |
|
Designation : |
Director |
|
Address : |
18/2, Maheshwar Darshan, S V Road, Santacruz (West), Mumbai-400054,
Maharashtra, India |
|
Date of Birth/Age : |
04.12.1951 |
|
Date of Appointment : |
12.07.2011 |
|
DIN No.: |
00220737 |
|
|
|
|
Name : |
Mr. Rambahal Ramsurat Singh |
|
Designation : |
Director |
|
Address : |
Flat No 201, 2nd Floor, Plot No.75, Amba Uday, 5th
Road, Khar (West), Mumbai-400052, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1939 |
|
Date of Appointment : |
12.07.2011 |
|
DIN No.: |
00663822 |
|
|
|
|
Name : |
Mr. Sadanand Rambahal Singh |
|
Designation : |
Director |
|
Address : |
202, Amba Uday, 75, 5th Road, Khar (West), Mumbai-400052,
Maharashtra, India |
|
Date of Birth/Age : |
02.08.1971 |
|
Date of Appointment : |
12.07.2011 |
|
DIN No.: |
03424486 |
|
|
|
|
Name : |
Mr. Anand Rambahal Singh |
|
Designation : |
Director |
|
Address : |
201, 2nd Floor, Amba Uday, 5th Road, Khar
(West), Mumbai-400052, Maharashtra, India |
|
Date of Birth/Age : |
08.09.1961 |
|
Date of Appointment : |
12.07.2011 |
|
DIN No.: |
03424496 |
|
|
|
|
Name : |
Mr. Bhanumati Vinod Chinoy |
|
Designation : |
Director |
|
Address : |
18/2, Maheshwar Darshan, S V Road, Santacruz (West), Mumbai-400054,
Maharashtra, India |
|
Date of Birth/Age : |
08.04.1931 |
|
Date of Appointment : |
12.07.2011 |
|
DIN No.: |
03424499 |
|
|
|
|
Name : |
Mr. Rampyare Ramsurat Sharma |
|
Designation : |
Director |
|
Address : |
Amba Uday, 75, 5th Road, Khar (West), Mumbai-400052,
Maharashtra, India |
|
Date of Birth/Age : |
08.10.1943 |
|
Date of Appointment : |
12.07.2011 |
|
DIN No.: |
03424553 |
|
|
|
|
Name : |
Mr. Uttam Navin Chinoy |
|
Designation : |
Director |
|
Address : |
18/2, Maheshwar Darshan, S V Road, Santacruz (West), Mumbai-400054, Maharashtra,
India |
|
Date of Birth/Age : |
16.07.1961 |
|
Date of Appointment : |
12.07.2011 |
|
DIN No.: |
03429452 |
|
|
|
|
Name : |
Ms. Purvi Vikas Chinoy |
|
Designation : |
Director |
|
Address : |
203, Devika Co-operative Housing Society, Jan Mohammad Street, 2010A,
Gafur Beg Street Camp, Pune-411001, Maharashtra, India |
|
Date of Birth/Age : |
12.12.1963 |
|
Date of Appointment : |
12.07.2011 |
|
DIN No.: |
03429531 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Bhanumati Vinod Chinoy |
20000 |
|
Rambahal Ramsurat Singh |
50000 |
|
Shirish Vinoo Chinoy |
50000 |
|
Anand Rambahal Singh |
40000 |
|
Rampyare Ramsurat Sharma |
40000 |
|
Sadanand Rambahal Singh |
40000 |
|
Uttam Navin Chinoy |
60000 |
|
Purvi Vikas Chinoy |
40000 |
|
TOTAL
|
340000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Exporter of Machinery used in Automobile
Industry, Packaging Industries and Infrastructure Industry. |
|
|
|
|
Exports : |
|
|
Products : |
Machinery |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Electronics Components |
|
Countries : |
|
|
|
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|
Terms : |
|
|
Selling : |
L/C, Cash, Credit (30 Days) |
|
|
|
|
Purchasing : |
L/C, Cash, Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
|
|
|
|
|
No. of Employees : |
136 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
Cash Credit Limit Rs. 17.500 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K B Vakharia and Company Chartered Accountant |
|
Address : |
B-4, Vireshwar Prakash, ground Floor, Nehru Road, Vile Parle (East),
Mumbai-400057, Maharashtra, India |
|
PAN No.: |
AACPV9214F |
|
|
|
|
Sister Concern : |
Eland Induction Furnaces Private Limited |
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 |
|
|
|
|
|
|
340000 |
Equity Shares |
Rs.10/- each |
Rs. 3.400
Millions |
|
|
|
|
|
NOTES
TERMS / RIGHTS ATTACHED TO EQUITY SHARES
The Company has only one Class of Equity
Shares having a par value of Rs. 10/- per share. Each holder of equity shares is
entitled to one vote per share.
Details of equity shareholders holding more
than 5% shares (as at 31.03.2012)
|
Name of the
shareholder |
No. of shares |
% Holding |
|
Bhanumati V Chinoy |
20000 |
6 |
|
Rambahal Singh |
50000 |
15 |
|
Shirish V Chinoy |
50000 |
15 |
|
Anand R Singh |
40000 |
12 |
|
Rampayare R Sharma |
40000 |
12 |
|
Sadanand R Singh |
40000 |
12 |
|
Uttam N Chinoy |
60000 |
18 |
|
Purvi V Chinoy |
40000 |
12 |
Reconciliation of Equity Shares outstanding at
the beginning and at the End of the year 31st March 2012
|
Equity Shares |
As at 31st
March 2012 |
|
|
Number |
Rs. In Millions |
|
|
At the beginning of the year |
Nil |
Nil |
|
Issued during the year |
340,000 |
3.400 |
|
Closing Balance |
340,000 |
3.400 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.400 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
(0.232) |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
3.168 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.168 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.000 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
3.172 |
|
Total
Current Assets |
|
|
3.172 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.004 |
|
Total
Current Liabilities |
|
|
0.004 |
|
|
Net Current Assets |
|
|
3.168 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.168 |
|
PROFIT & LOSS
ACCOUNT
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
200.000 |
|
|
|
|
|
Expected Sales (2012-2013) : Rs. 250.000 Millions
The above information has been parted by Mr. Uttam.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2012 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
793.00 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
one 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 |
Yes |
|
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FORM 8
|
Corporate
identity number of the company |
U29268MH2011PTC219678 |
|
Name of the
company |
ELECTRONICS
DEVICES WORLDWIDE PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
22, Mistry Industrial Estate, MIDC Cross Road, Andheri (East), Mumbai-400093, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
Bank of India, Khar (West) Branch, The Shelter, 32nd Road,
Opposite National College, Mumbai-400050, Maharashtra, India |
|
Nature of
instrument creating charge |
1)
Hypothecation
cum Loan Agreement (Plant and Machinery, Stocks and Book Debts) 2)
(MOE)
Oral Assent both dated 09/08/2012 constituting single charge. |
|
Date of
instrument Creating the charge |
09.08.2012 |
|
Amount secured by
the charge |
Rs. 46.400
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC:4% OBR
i.e.14.50% TL:4% OBR+0.50%TP i.e.15.00% with monthly rests, LC/BG: As per extant
guidelines or at such other rate/s of interest as may be notified by the Bank
from time to time. Terms of repayment CC: on demand. TL
II: 10 EMI of Rs.0.080 Million, TLIII: 41 EMI of Rs.396206/-, LC, BG: on
Demand. Margin 25% against raw
material, finished Goods, Stores, goods in process. and 40% against Book debts outstanding of 2 or 3 months,
10% cash margin for BG and LC limit or as required by the bank from to time. Extent and operation of the charge Security and
charge hereby created shall be by way of first charge on all the said
hypothecated assets and Immovable Properties for due payment as provided in
the deed of all monies including the principal sums, interest/commission
costs charges and expenses and all other monies whatsoever due owing and
payable by the Borrower to the Bank under or in respect of or in connection
with or in any wise concerning or relating to the said facilities agreed to
be granted and/or granted by the Bank to the Other Borrower and also
for due repayment of all present and future indebtedness and liabilities of
the borrower to the Bank of any kind in any manner whether solely or jointly
primary or collateral accrued or accruing with all relative
interest/commission, charges, costs (between advocate and client) and
expenses. Facilities and Limits-: (Rs. in Millions) 1) CC i) (Stock):
Rs.17.500. ii) BD:Rs.10.000
Max (i+ii):
Rs.17.500. 2) TL II:
Rs.0.900 3) TL III:
Rs.13.000 4) LC
(inland/foreign): Rs.5.000. 5) Inland BG:
Rs.10.000. Total: Rs.46.400. |
|
Short particulars
of the property charged (Including location of the property) |
A) a) All
tangible movable machineries and plant both present and future situated at
Mumbai or wherever else b) All tangible
movable properties and assets and stocks of whatsoever nature (both present
and future) at Mumbai or elsewhere c) All present
and future book debts, outstanding, money receivables, claims, bills which
are now due and owing or which may any time hereafter during the continuance
of this security become due and owing to the Borrower. B) Equitable
Mortgage by deposits of title Deeds of Immovable property comprising land and
building and other structures/fittings erected or installed thereon belonging
to Company situated at i)
Unit
No.66, Mistry Industrial Complex premises Co-Operative Society Limited 702
sq. ft. 1st Floor, MIDC Cross Road, 'A' Village Mulgaon Andheri (East) Mumbai
400093. ii)
Unit
No.65, Mistry Industrial Complex premises Co-Operative Society Limited 659 sq.
ft. 1st Floor, MIDC Cross Road, 'A' Village Mulgaon Andheri (East) Mumbai
400093 iii)
Gala
No.13, Mistry Industrial Complex premises Co-Operative Society Limited 1342
sq. ft. Ground Floor, MIDC Cross Road, 'A' Village Mulgaon Andheri (East)
Mumbai 400093 iv)
Unit
No.22, Mistry Industrial Complex Premises Co-Operative Society Limited 702
sq. ft. Upper Gr. Floor, MIDC Cross Road, 'A' Village Mulgaon Andheri (East)
Mumbai 400093. v)
Unit
No.92, Plot No.CTS.237 Mistry Industrial Complex Premises Co-Operative Society
Limited 702 sq. 2nd Floor MIDC Cross Road, 'A' Village Mulgaon Andheri (East)
Mumbai 400093. vi)
Plot
No.2/2, 24/2 Revenue Survey No. 173 and 273 of Taluka-:Umergaon, Umergaon
Industrial Estate. (GIDC) District Bulsar. Gujarat. Area:2051 sq. mtrs. |
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. 53.51 |
|
|
1 |
Rs. 84.84 |
|
Euro |
1 |
Rs. 71.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
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.