MIRA INFORM REPORT
|
Report Date : |
05.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
MEK PERIPHERALS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
107-108, Diamond Plaza, 1st Floor, 391, Dr. Dadasaheb
Bhadkamkar Marg, Mumbai - 400004, Maharashtra
|
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.04.2008 |
|
|
|
|
Com. Reg. No.: |
11-181795 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.5.650 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2008PTC181795 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM34224B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM5236L |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Distributor of Computer Peripherals. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 166000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a satisfactory track record.
The company has recorded some growth in its turnover and profits during 2012.
Profit margin seems to be low. However, trade relations are reported to be
fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing 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.
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. Devendra Kanakmal Vagrecha |
|
Designation : |
Director |
|
Contact No.: |
91-22-66344120 |
|
Date : |
05.07.2013 |
LOCATIONS
|
Registered Office : |
107-108, Diamond Plaza, 1st Floor, 391, Dr. Dadasaheb Bhadkamkar
Marg, Mumbai - 400004, Maharashtra, India
|
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9820688769 (Mr. Devendra Kanakmal Vagrecha) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
Branch Office 1 / Shop : |
Shop No. 4, 390 E, Laxmi Building Compound, Opposite Naaz Cinema,
Lamington Road, Grant Road (East), Mumbai - 400004, Maharashtra, India |
|
Tel. No.: |
91-22-66344120 / 23855543 / 66368388 / 23883705 / 43336111 (50 lines) |
|
Fax No.: |
91-22-66368388 |
|
|
|
|
Branch Office 2 : |
B-41, 1st Floor, Taj-Ishkrupa Co-Operative Housing Society Limited,
Varkat School Road, Anand Nagar, Thane - 401202, Maharashtra, India |
|
Area: |
450 Sq. ft. |
|
Location: |
Rented |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Devendra Kanakmal Vagrecha |
|
Designation : |
Director |
|
Address : |
1st Floor, Room 17, 58, Mugbhat X Lane, Mumbai - 400004,
Maharashtra, India |
|
Date of Birth/Age : |
23.08.1974 |
|
Date of Appointment : |
01.08.2008 |
|
Pan No.: |
AAEPV7422P |
|
DIN No.: |
02200702 |
|
|
|
|
Name : |
Mr. Sandeep Kevalchand Jain |
|
Designation : |
Director |
|
Address : |
303, |
|
Date of Birth/Age : |
02.10.1971 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
30.04.2008 |
|
Pan No.: |
AABPJ5160B |
|
DIN No.: |
02091465 |
|
Voter Id No.: |
MT/05/025/0126589 |
|
|
|
|
Name : |
Ms. Priti Puit Surana |
|
Designation : |
Director |
|
Address : |
Flat No. 1701, 17th Floor, Gundecha Garden, Gas Comp Lane,
Lalbaug, Mumbai-400012, Maharashtra, India |
|
Date of Birth/Age : |
02.011.1975 |
|
Date of Appointment : |
01.08.2008 |
|
Pan No.: |
AAIPJ9467E |
|
DIN No.: |
02206501 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sandeep Jain |
|
220500 |
|
Sandeep Jain – HUF |
|
16500 |
|
Priti Surana |
|
132500 |
|
Kamladevi Jain |
|
53500 |
|
Devendra Vagrecha |
|
37500 |
|
Kevalchand G Jain – HUF |
|
16500 |
|
Jayshree S. Jain |
|
5500 |
|
Punit K. Surana |
|
16500 |
|
Bhavana Vagrecha |
|
5500 |
|
Devendra K. Vagrecha (HUF) |
|
5500 |
|
Kanakmal G. Jain |
|
5500 |
|
Punit K Jain (HUF) |
|
16500 |
|
Nirmala K. Jain |
|
16500 |
|
Purnima S. Jain |
|
16500 |
|
|
|
|
|
Total |
|
565000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Computer Peripherals. |
|
|
|
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Terms : |
|
|
Selling : |
Credit and Depends (30 Days) |
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|
|
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Purchasing : |
Credit and Depends (30 Days) |
GENERAL INFORMATION
|
No. of Employees : |
25 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
N.G. Jain and Company Chartered Accountants |
|
Address : |
320, Hammersmith Industrial Estate, Narayan Pathare Marg, Mahim, Maharashtra, India |
|
PAN No.: |
AAEFN6344G |
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 |
|
|
|
|
|
|
565000 |
Equity Shares |
Rs.10/- each |
Rs.5.650 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
5.650 |
5.650 |
|
(b) Reserves & Surplus |
|
35.853 |
30.164 |
|
(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) |
|
41.503 |
35.814 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.110 |
0.073 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.110 |
0.073 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
43.448 |
33.657 |
|
(b) Trade payables |
|
61.840 |
35.014 |
|
(c) Other current liabilities |
|
0.330 |
0.229 |
|
(d) Short-term provisions |
|
6.155 |
3.336 |
|
Total Current
Liabilities (4) |
|
111.773 |
72.236 |
|
|
|
|
|
|
TOTAL |
|
153.386 |
108.123 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3.784 |
1.173 |
|
(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 |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.095 |
0.111 |
|
Total Non-Current
Assets |
|
3.879 |
1.284 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
33.748 |
32.310 |
|
(c) Trade receivables |
|
108.849 |
69.771 |
|
(d) Cash and cash equivalents |
|
0.767 |
0.491 |
|
(e) Short-term loans and advances |
|
1.007 |
1.966 |
|
(f) Other current assets |
|
5.136 |
2.301 |
|
Total Current
Assets |
|
149.507 |
106.839 |
|
|
|
|
|
|
TOTAL |
|
153.386 |
108.123 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.650 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
25.457 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
31.107 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.237 |
|
|
2] Unsecured Loans |
|
|
6.439 |
|
|
TOTAL BORROWING |
|
|
9.676 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
40.783 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.349 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
29.583 |
|
|
Sundry Debtors |
|
|
73.958 |
|
|
Cash & Bank Balances |
|
|
1.657 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
2.315 |
|
Total
Current Assets |
|
|
107.513 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
64.895 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
2.310 |
|
Total
Current Liabilities |
|
|
67.205 |
|
|
Net Current Assets |
|
|
40.308 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.126 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
40.783 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
1042.994 |
807.834 |
754.874 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
1027.881 |
797.539 |
749.794 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
15.113 |
10.295 |
5.080 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL EXPENSES (D) |
6.221 |
3.063 |
2.942 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.892 |
7.232 |
2.138 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
0.495 |
0.403 |
0.210 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
8.397 |
6.829 |
1.928 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
2.618 |
2.122 |
0.605 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
5.689 |
4.707 |
1.323 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.314 |
2.607 |
1.284 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
13.003 |
7.314 |
2.607 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
10.07 |
8.33 |
2.34 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1180.000 |
|
|
|
|
|
The above information has been parted by Mr. Devendra Kanakmal Vagrecha
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.55 |
0.58
|
0.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.47 |
6.32
|
1.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.19
|
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.05 |
0.94
|
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.48
|
1.60 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
(Rs. In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
61.840
|
35.014
|
64.895 |
|
|
|
|
|
|
Total |
61.840
|
35.014
|
64.895 |
|
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 four 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 |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating, if available |
No |
Note:
The Registered Office of the company has been shifted from 390-E, Laxmi
Building Compound, Shop No. 4 Lamington Road, Opposite Naaz Cinema, Mumbai –
400004, Maharashtra, India to the present address w.e.f.
01.04.2012
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Loans and advances from related parties |
30.802 |
28.574 |
|
|
|
|
|
Total |
30.802 |
28.574 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U72900MH2008PTC181795 |
|
Name of the
company |
MEK PERIPHERALS
INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
107-108, Diamond Plaza, 1st Floor, 391, Dr. Dadasaheb
Bhadkamkar Marg, Mumbai - 400004, Maharashtra, India E-mail: mek_sandeep@yahoo.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10225460 |
|
Type of charge |
|
|
Particular of
charge holder |
Indian Bank, Vijay Chamber, Tribhuvan Road, Opposite Dreamland Cinema,
Mumbai - 400004, Maharashtra, India E-mail: prarthanasamaj@indianbank.co.in
|
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of Movables & Agreement for guarantee dated February 03,
2012. |
|
Date of
instrument Creating the charge |
03.02.2012 |
|
Amount secured by
the charge |
Rs.9.500 Millions
|
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Base
Rate10.7%p.a. the effective interest rate is 14.25% p.a with monthly rests
payable at monthly intervals which is arrived at on the lines based on RBI
guidelines on BPLR. Terms of
Repayment On Demand Margin 15% against the
securities hypothecated of case of OCC/ Overdraft Account Extent and
Operation of the charge The charge is to
operate as security by way of first exclusive charge, for the due re-payment
of the credit facility of Rs.9.500 Millions together with interest,
additional interest, cost, charges, expenses and all other money payable by
the company to the bank from time to time is terms of sanctions. Others Overdraft
Facility for Rs.9.500 Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation, by
way of first charge of all the companies goods, produce, merchandise stock, stored
or to-stored from time to time in the premises at shop No. 4, 390-E, Laxmi
Building Compound, Opposite Naaz Cinema, Lamington Road, Mumbai - 400004. Vehicles existing
and or/ those to be purchases out of bank's finance, Plant and Machinery,
consumer durables, Book debts, receivables and other claim which may due and
owing to the company from time to time. |
|
Date of
instrument modifying the charge |
22.12.2010 |
|
Particulars of
the present modification |
The charge is now
modified to increase the credit facilities granted to the Company from
Rs.7.500 Millions to Rs.9.500 Millions to cover an increase in Cash Credit
limit by Rs.2.000 Millions. |
FIXED ASSETS
Tangible Assets
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
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.60.09 |
|
|
1 |
Rs.91.58 |
|
Euro |
1 |
Rs.78.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
43 |
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.