1. Summary Information
|
|
|
Country |
India |
|
Company Name |
FLEXILIS PRIVATE
LIMITED |
Principal Name 1 |
Mr. Samir Mansukhlal Vora |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Bhupesh Mansukhlal Vora |
|
|
|
Registration # |
11-050367 |
|
Street Address |
213, Udyog Bhavan, Sonawala Road, Goregaon (East), Mumbai – 400063,
Maharashtra |
||
|
Established Date |
16.01.1989 |
SIC Code |
-- |
|
Telephone# |
91-22-26861060/ 26863029 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-26862914 |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
Natural Rubber |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.10.801 Millions |
Product Name 3 |
-- |
|
Shareholders |
Directors
or relatives of directors 100.00% |
Banking |
Citibank
N.A |
|
Public Limited Corp. |
No |
Business Period |
24 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary
|
-- |
ABN Middle East- FZE |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
393,891,000 |
Current Liabilities |
34,892,000 |
|
Inventories |
135,904,000 |
Long-term Liabilities |
220,598,000 |
|
Fixed Assets |
17,257,000 |
Other Liabilities |
47,051,000 |
|
Deferred Assets |
000 |
Total Liabilities |
302,541,000 |
|
Invest& other Assets |
1,875,000 |
Retained Earnings |
235,585,000 |
|
|
|
Net Worth |
246,386,000 |
|
Total Assets |
548,927,000 |
Total Liab. & Equity |
548,927,000 |
|
Total Assets (Previous Year) |
318,909,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales/ Total Income |
1,743,444,000 |
Net Profit |
85,212,000 |
|
Sales(Previous yr)/ Total Income |
1,377,765,000 |
Net Profit(Prev.yr) |
46,822,000 |
MIRA
INFORM REPORT
|
Report Date : |
22.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
FLEXILIS PRIVATE LIMITED (w.e.f. 21.08.2012) |
|
|
|
|
Formerly Known
As : |
SAMIR SUPPLY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
213, Udyog Bhavan, Sonawala Road, Goregaon (East), Mumbai – 400063,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.01.1989 |
|
|
|
|
Com. Reg. No.: |
11-050367 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.801 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24111MH1989PTC050367 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS41874A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS5166R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Natural Rubber. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 980000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Latest financials i.e. 2011-2012 are not available. As per available
financials of 2011 the company seems to be performing well. General financial
position of the company is good. Trade relations are reported as fair.
Business is active. Payments are reported to be regular and as per
commitment. 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 |
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 : |
213, Udyog Bhavan, Sonawala Road, Goregaon (East), Mumbai – 400063,
Maharashtra, India |
|
Tel. No.: |
91-22-26861060/ 26863029 |
|
Fax No.: |
91-22-26862914 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Samir Mansukhlal Vora |
|
Designation : |
Whole Time Director |
|
Address : |
5th, Floor, Shreeji Krupa, Bhagat Singh Road, Vile Parle (West), Mumbai – 400054, Maharashtra, India |
|
Date of Birth/Age : |
25.11.1960 |
|
Qualification : |
BSC |
|
Date of Appointment : |
16.01.189 |
|
DIN No.: |
00204005 |
|
|
|
|
Name : |
Mr. Bhupesh Mansukhlal Vora |
|
Designation : |
Whole Time Director |
|
Address : |
7th Floor, Prakash Tower , Plot No .66, Swastik Society, N.S. Road No.5, JVPD Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
13.08.1962 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
16.01.1989 |
|
DIN No.: |
00204058 |
|
|
|
|
Name : |
Mr. Nisarg Samir Vora |
|
Designation : |
Director |
|
Address : |
5, Shreeji Krupa, 5th Floor, Bhagat Singh Road, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
25.07.1988 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
03556673 |
MAJOR SHAREHOLDERS
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mansukhal D. Vora |
|
7100 |
|
Samir M. Vora |
|
477500 |
|
Bhupesh M. Vora |
|
527500 |
|
Sushila M. Vora |
|
6000 |
|
Swati Samir Vora |
|
56000 |
|
Neeta Bhupesh Vora |
|
6000 |
|
|
|
|
|
Total |
|
1080100 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Natural Rubber. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Bankers : |
· Citibank N.A, Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India · State Bank of India, Mandvi Branch, Ar Street, Bombay - 400003, Maharashtra, India · Yes Bank |
|||||||||
|
|
|
|||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vinod Kumar Jain and Company Chartered Accountants |
|
Address : |
205, Apollo Arcade, R.K. Singh Marg, Off Old Nagardas Road, Andheri (East),Mumbai – 400069, Maharashtra, India |
|
Tel. No.: |
91-22-28215171/ 7999 |
|
Fax No.: |
91-22-28221010 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No.: |
AAEPJ7471N |
|
|
|
|
Associates : |
ABN Impex Private Limited |
|
|
|
|
Subsidiary : |
ABN Middle East- FZE |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs.12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1080100 |
Equity Shares |
Rs.10/- each |
Rs.10.801
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.801 |
10.801 |
10.801 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
235.585 |
150.373 |
103.552 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
246.386 |
161.174 |
114.353 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
47.330 |
5.000 |
16.533 |
|
|
2] Unsecured Loans |
173.268 |
63.200 |
87.320 |
|
|
TOTAL BORROWING |
220.598 |
68.200 |
103.853 |
|
|
DEFERRED TAX LIABILITIES |
5.125 |
5.721 |
7.167 |
|
|
|
|
|
|
|
|
TOTAL |
472.109 |
235.095 |
225.373 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
17.257 |
18.523 |
21.972 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.875 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
135.904
|
63.446 |
35.705 |
|
|
Sundry Debtors |
239.992
|
175.337 |
132.149 |
|
|
Cash & Bank Balances |
33.320
|
29.222 |
39.097 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
120.579
|
32.381 |
27.371 |
|
Total
Current Assets |
529.795
|
300.386 |
234.322 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
34.452
|
58.634 |
17.669 |
|
|
Other Current Liabilities |
0.440
|
1.034 |
0.518 |
|
|
Provisions |
41.926
|
24.146 |
12.734 |
|
Total
Current Liabilities |
76.818
|
83.814 |
30.921 |
|
|
Net Current Assets |
452.977
|
216.572 |
203.401 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
472.109 |
235.095 |
225.373 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1743.444 |
1377.765 |
1495.889 |
|
|
|
Other Income |
3.850 |
3.803 |
4.428 |
|
|
|
TOTAL |
1747.294 |
1381.568 |
1500.317 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1616.595 |
1308.293 |
1453.385 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
130.699 |
73.275 |
46.932 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.299 |
3.560 |
4.591 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
127.400 |
69.715 |
42.341 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
42.188 |
22.893 |
13.587 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
85.212 |
46.822 |
28.754 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
140.374 |
93.552 |
64.799 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
225.586 |
140.374 |
93.553 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
18.124 |
22.169 |
3.656 |
|
|
TOTAL EARNINGS |
18.124 |
22.169 |
3.656 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Import on CIF basis |
781.921 |
520.763 |
319.429 |
|
|
TOTAL IMPORTS |
781.921 |
520.763 |
319.429 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
78.89 |
43.35 |
26.62 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.88 |
3.39 |
1.92 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.31 |
5.06 |
2.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.29 |
21.86 |
16.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52 |
0.43 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.90 |
0.42 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.90 |
3.58 |
7.58 |
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 |
Yes |
|
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 |
No |
|
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 |
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As
on 31.03.2011 |
As
on 31.03.2010 |
|
Loans directors unsecured |
69.489 |
0.000 |
|
Other debt unsecured |
103.779 |
63.200 |
|
|
|
|
|
Total |
173.268 |
63.200 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24111MH1989PTC050367 |
|
Name of the
company |
FLEXILIS PRIVATE
LIMITED |
|
Address of the
registered office or of the principal place of business in |
213, Udyog Bhavansonawala Road, Goregaon East, Mumbai – 400063, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10230385 |
|
Type of charge |
· Book debts · Movable property (not being pledge) · Floating charge ·
Others (Stocks, P and M, Office Equipment,
Furniture and Fixtures etc.) |
|
Particular of
charge holder |
Citibank N.A, Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (E), Mumbai – 400051, Maharashtra, India |
|
Nature of
instrument creating charge |
Deed of
modification for Goods Security Agreement. |
|
Date of instrument
Creating the charge |
23.10.2012 |
|
Amount secured by
the charge |
Rs. 400.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Rupees Forty
Crore only Terms of Repayment Repayable on
demand, annually renewable. Margin Borrower shall at
all times during the continuance of the security maintain a sufficient amount
to provide the margin of security as may from time to time advised by the
bank. Extent and Operation of the charge First pari-passu
charge on the current assets (including stocks and book debts) and movable
fixed assets (including P and M, Office Equipment, Furniture and Fixtures,
etc) of the borrower both present and future and lien on fixed deposits of
Rs. 63.500 Millions of the borrower in favour of the Yes Bank Limited for
Rs.200.000 Millions and Citibank N.A. for Rs.400.000 Millions for the
repayment of all monies in respect of the credit facility, including
outstanding balance and also all interest, costs, charges and expenses. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First pari-passu
charge on the current assets (including stocks and book debts) and movable
fixed assets (including P&M, Off. Equipment, Furniture and Fixtures, etc)
of the borrower both present & future Lien on fixed deposits of Rs.
63.500 Millions of the borrower |
|
Date of
instrument modifying the charge |
20.06.2011 |
|
Particulars of the
present modification |
By this
modification the overall limit is enhanced from Rs. 240.000 Millions to Rs.
400.000 Millions and the charge is secured by First pari-passu charge on the
current assets (including stocks and book debts) and movable fixed assets
(including P and M, Office Equipment, Furniture and Fixtures, etc) of the
borrower both present and future and lien on fixed deposits of Rs. 63.500
Millions of the borrower. |
CONTINGENT
LIABILITIES NOT PROVIDED FOR:
a. Towards other employees other than gratuity benefit as required by Accounting Standard 15 (Revised), amount not quantified.
b. In respect of L.C.s opened against import of goods of Rs. 40.581 Millions
c. Capital commitment towards new projects: NIL
FIXED ASSETS:
Tangible Assets
· Land
· Building
· Plant and Machinery
· Office Equipments
· Factory Equipments
· Computer Equipments
· Furniture and Fixtures
· Vehicles
· Railway Sidings
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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.59.79 |
|
|
1 |
Rs.91.03 |
|
Euro |
1 |
Rs.78.52 |
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 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
|
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.