MIRA
INFORM REPORT
|
Report Date : |
03.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SNOWTECH EQUIPMENTS PRIVATE LIMITED (w.e.f. 16.03.2005) |
|
|
|
|
Formerly Known
As : |
NEERAJ ELECTRICAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
W-453, R Block, TTC Industrial Area, MIDC Rabale, Navi Mumbai –
400701, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.09.1995 |
|
|
|
|
Com. Reg. No.: |
11-93063 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300MH1995PTC093063 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS51651F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Agitation Equipment Systems and Mixing Equipment
Systems. |
|
|
|
|
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 40000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitments. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 |
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/ Factory : |
W-453, R Block, TTC Industrial Area, MIDC Rabale, Navi Mumbai –
400701, Maharashtra, India |
|
Tel No.: |
91-22-27602157/ 27605119/ 27604135 |
|
Fax No.: |
91-22-27602157/ 27605119/ 27604135 |
|
E-Mail : |
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|
Website : |
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|
|
|
Corporate Office : |
2, Archana Co-operative Housing Society, Sea Sector - 4, Vashi, Navi
Mumbai – 400703, Maharashtra, India |
|
Tel. No.: |
91-22-27602157 |
|
Fax No.: |
91-22-27605119 |
|
E-Mail : |
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|
Website: |
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|
Area : |
500 sq. mtr. |
|
Location : |
Owned |
DIRECTORS
(AS ON 10.09.2012)
|
Name : |
Mr. Deepak Shankar Sawant |
|
Designation : |
Director |
|
Address : |
2, Archana CHS Limited, Sector – 4, Vashi, Navi Mumbai – 400703,
Maharashtra, India |
|
Date of Birth/Age : |
01.06.1964 |
|
Date of Appointment : |
15.01.1999 |
|
DIN No.: |
02060555 |
|
|
|
|
Name : |
Ms. Shama Deepak Sawant |
|
Designation : |
Director |
|
Address : |
2, Archana CHS Limited, Sector – 4, Vashi, Navi Mumbai – 400703,
Maharashtra, India |
|
Date of Birth/Age : |
14.05.1968 |
|
Date of Appointment : |
15.01.1999 |
|
DIN No.: |
01577910 |
|
|
|
|
Name : |
Mr. Vinod Khimji Jethwa |
|
Designation : |
Director |
|
Address : |
B-9, Meghmahal Societym Dattapada Road, Borivali (East), Mumbai –
400066, Maharashtra, India |
|
Date of Birth/Age : |
14.09.1976 |
|
Date of Appointment : |
20.06.2012 |
|
DIN No.: |
05303159 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 10.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Deepak Shankar Sawant |
|
7350 |
|
Shama Deepak Sawant |
|
2650 |
|
|
|
|
|
Total |
|
10000 |
(AS ON 30.09.2012)
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
|
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Agitation Equipment Systems and Mixing Equipment
Systems. |
GENERAL INFORMATION
|
Customers : |
Domestic Clients · Alpha paints · Britacel Silicones Private Limited · Chakradhar Chemicals Private Limited · Chemito Technologies Private Limited · Chemspec Chemicals Private Limited Consultant: Process Engg. Ser. Private Limited · CleanSep Systems · Dass Scientific Corporation · Elegant Collection · Enzyme India · Fine organics Limited · Hikal · Hindustan Colas Limited · Hyca Technologies Private Limited · IICT ( Indian Institute of Chemical Technology ) · India Glycol Limited · Indo Phyto Chemicals Limited · ITS Corporation · Jain Foods Limited Jalgoan · Jaishil Sulphur · Lupin Chemicals Limited, Tarapur · Macro Polymers Private Limited · Mak Engineering · MM Enviro Projects Private Limited · NCL, Pune · Nicolas Piramal Limited · Paras Product · Perfect Engg. · Pidilite Industries Limited Dahej · Polyol Chemicals (India) Limited, Consultant: Process Engg. Ser. P Private Limited · Rand Poly Products · Rasnym Industries · RCF, Chembur · Reliance Industries Limited · Sabic Research and Technology Centre · Sando Rotary Equipments. · Sandoz · Savita Chemicals Private Limited · Shree Sai Industries Private Limited · Sirius Chemicals Private Limited · Span Chemicals · Sri Kaleshwari Metal Powders Private Limited · Tagros Chemical Limited · Tesla Liquid Engineering Private Limited · Texol Engg. Private Limited · Thia Chem (India) Private Limited · Total Vinery Private Limited · UICT (University Institute of Chemical Technology - University of Mumbai) · V. K. Pumps Industries Private Limited · Vam Organics Limited, Consultant: Process Engg. Ser. Private Limited · Wacker Metroark Limited. · Xytel India Private Limited Overseas Client
list · APC Pharmaceutical Limited Hongkong · Beltexco Limited Pakistan · Drug International Limited Bangladesh · Industrial Clothing Limited Sri Lanka · SRS Inc, USA · Technova Industries L.L.C. Dubai, U.A.E. |
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No. of Employees : |
Not Available |
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Bankers : |
· HDFC Bank HDFC Bank
House Senapati Bapat Marg, Lower Partel (West), Mumbai – 400013, Maharashtra,
India ICICI Bank State Bank of India |
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Facilities : |
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Girdhari Agarwal and Associates Chartered Accountants |
|
Address : |
Unit No.38, 1/A, Ganjawala Apartment, S. V. Road, Borovali (West),
Mumbai – 400092, Maharashtra, India |
|
PAN No.: |
ACXPA5437C |
CAPITAL STRUCTURE
(AS ON 10.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.100 |
0.100 |
|
(b) Reserves & Surplus |
|
9.960 |
7.517 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
|
10.060 |
7.617 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.597 |
1.455 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.597 |
1.455 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
9.802 |
8.746 |
|
(c)
Other current liabilities |
|
1.235 |
4.844 |
|
(d) Short-term
provisions |
|
0.796 |
0.338 |
|
Total Current
Liabilities (4) |
|
11.833 |
13.928 |
|
|
|
|
|
|
TOTAL |
|
22.490 |
23.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible Assets |
|
4.449 |
4.412 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.544 |
0.544 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
4.993 |
4.956 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
3.024 |
2.132 |
|
(b)
Inventories |
|
3.215 |
4.515 |
|
(c)
Trade receivables |
|
9.518 |
7.815 |
|
(d) Cash
and cash equivalents |
|
1.218 |
3.333 |
|
(e)
Short-term loans and advances |
|
0.484 |
0.215 |
|
(f)
Other current assets |
|
0.038 |
0.034 |
|
Total
Current Assets |
|
17.497 |
18.044 |
|
|
|
|
|
|
TOTAL |
|
22.490 |
23.000 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
6.344 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
6.444 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2.567 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
2.567 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9.011 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.076 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.077 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.151 |
|
|
Sundry Debtors |
|
|
6.416 |
|
|
Cash & Bank Balances |
|
|
4.157 |
|
|
Other Current Assets |
|
|
1.760 |
|
|
Loans & Advances |
|
|
0.014 |
|
Total
Current Assets |
|
|
13.498 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
8.893 |
|
|
Other Current Liabilities |
|
|
0.747 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
9.640 |
|
|
Net Current Assets |
|
|
3.858 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9.011 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
50.089 |
23.474 |
|
|
|
Other Income |
|
0.218 |
0.250 |
|
|
|
TOTAL (A) |
|
50.307 |
23.724 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-trade |
|
29.302 |
16.356 |
|
|
|
Changes in Inventories of Finished Goods Work-in-progress and
Stock-in-trade |
|
1.301 |
(3.364) |
|
|
|
Employee benefits expenses |
|
7.745 |
4.419 |
|
|
|
Other Expenses |
|
7.794 |
3.999 |
|
|
|
TOTAL (B) |
|
46.142 |
21.410 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
4.165 |
2.314 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.148 |
0.367 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
4.017 |
1.947 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.200 |
0.225 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
3.817 |
1.722 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
3.817 |
1.722 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
381.700 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.59
|
7.26 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.62
|
7.34 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.39
|
7.67 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.23 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.06
|
0.19 |
0.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48
|
1.30 |
1.40 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
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:
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10258535 |
|
Corporate
identity number of the company |
U31300MH1995PTC093063 |
|
Name of the
company |
Snowtech
Equipments Private Limited |
|
Address of the
registered office or of the principal place of business in |
2 Archana Co-op
Housing, Seasector-4, Vashi, New Mumbai
– 400703, Maharashtra, India |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
HDFC Bank Limited HDFC Bank House,
Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Supplementary
Letter of Hypothecation. |
|
Date of
instrument Creating the charge |
21/03/2013 |
|
Amount secured by
the charge |
Rs.20.500
Millions |
|
Brief particulars
of the principal terms and 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, Book Debts, Movable Plant and
Machinery and Vehicles etc, as a continuing security for the repayment of
Rs.20.500 Millions 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. The movable plant
and machinery and vehicles which may now or at any time hereafter belong to
the Borrower or come to the Borrower's disposal. |
|
Date of latest
modification prior to the present modification |
20/06/2012 |
|
Particulars of
the present modification |
The Charge shall
now stand increased from Rs.9.000 Millions to Rs.20.500 Millions against the
security of Stocks, Book Debts, Plant and Machinery and Vehicles of the
Company. |
FIXED ASSETS
· Land Improvements
Building
Other
Building
Office
Equipment
Computer
Equipment
Furniture
and Fixtures
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.59.15 |
|
|
1 |
Rs.90.05 |
|
Euro |
1 |
Rs.77.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.