|
Report Date : |
31.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SPARKLET ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-54, Anand Nagar, Ambernath Industrial Area, MIDC, Ambernath (East),
Thane – 421506, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.03.2000 |
|
|
|
|
Com. Reg. No.: |
11-124853 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29240MH2000PTC124853 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS27571F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Oil and Gas Equipments. |
|
|
|
|
No. of Employees
: |
200 (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 320000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There appears an increase in the net profitability of the company
during 2012. Liquidity position seems to be slightly stretched. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. The company can be considered 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL - NSIC |
|
Rating |
SE 1 B |
|
Rating Explanation |
Highest Performance Capability and Moderate
financial strength. |
|
Date |
16.01.2012 |
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 : |
Ms. Esther |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-251-2620231 |
|
Date : |
29.07.2013 |
LOCATIONS
|
Registered Office/ Factory 1 : |
B-54, Anand Nagar, Ambernath Industrial Area, MIDC, Ambernath (East), Thane
– 421506, Maharashtra, India |
|
Tel. No.: |
91-251-2620231/ 2620271 |
|
Mobile No.: |
91-9763719372 (Mr. Shukanto Ranabrata Ghosh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
A-87B, Addition Ambarnath, Industrial Area, Anand Nagar, Amberanth
(East), Thane – 421506, Maharashtra, India
|
|
|
|
|
Branch Office : |
17, R. K. Industry House, Walbhat Road, Goregaon (East), Mumbai –
400063, Maharashtra, India |
|
Tel No.: |
91-22-26851159/ 66992259/ 66992260 |
|
Fax No.: |
91-22-26853256 |
DIRECTORS
(AS ON 04.08.2012)
|
Name : |
Mr. Ranabrata Bhaveshchandra Ghosh |
|
Designation : |
Director |
|
Address : |
A/01, Shruti, Yashodham, Goregaon (East), Mumbai – 400063, Maharashtra,
India |
|
Date of Birth/Age : |
06.08.1939 |
|
Date of Appointment : |
13.03.2000 |
|
DIN No.: |
00249674 |
|
|
|
|
Name : |
Mrs. Devikarani Ranabrata Ghosh |
|
Designation : |
Director |
|
Address : |
A/01, Shruti, Yashodham, Goregaon (East), Mumbai-400063, Maharashtra,
India |
|
Date of Birth/Age : |
03.04.1944 |
|
Date of Appointment : |
13.03.2000 |
|
DIN No.: |
00249709 |
|
|
|
|
Name : |
Mr. Shukanto Ranabrata Ghosh |
|
Designation : |
Director |
|
Address : |
601, Valentine Tower, Pimpri Pad Film City Road, Malad (East),
Mumbai-400097, Maharashtra, India |
|
Date of Birth/Age : |
15.03.1970 |
|
Date of Appointment : |
13.03.2000 |
|
DIN No.: |
02385277 |
KEY EXECUTIVES
|
Name : |
Ms. Esther |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 04.08.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ranabrata Bhaveshchandra Ghosh |
|
36300 |
|
Devikarani Ranabrata Ghosh |
|
6850 |
|
Shukanto Ranabrata Ghosh |
|
7850 |
|
Sharmila Shukanto Ghosh |
|
500 |
|
Debjani Ranabrata Ghosh |
|
500 |
|
Devikarni Ghosh and Shukanto Ghosh |
|
14000 |
|
ShukantoGhosh and Devikarani Ghosh |
|
14000 |
|
Degas Financial Consultancy Private Limited, |
|
20000 |
|
|
|
|
|
Total |
|
100000 |
(AS ON 04.08.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Oil and Gas Equipments. |
|
|
|
|
Products : |
·
Oil Gas Burner Boom ·
Choke Manifold ·
Gate Valve ·
Indirect Water Bath Heater ·
Mobile Bulkers ·
Basket Filters ·
Filteration Unit ·
Injection Water Fine Filters ·
Onsite Projects ·
EPF Equipments ·
Oil and Gas Divertors ·
Seperators For Production And Testing ·
Tanks ·
Silos |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· Middle East · Far East · West Africa |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
· US · Canada · Singapore · China · Dubai |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s |
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Axis Bank Limited Fort Branch, Universal Insurance Building, Ground Floor, Sir P M Road,
Fort, Mumbai-400001, Maharashtra, India Contact No.: 91-22-66107336 ·
State Bank of India Industrial Finance Branch, S V Road, Malad (West), Mumbai – 400064,
Maharashtra, India ·
Axis Bank Limited Ground Floor, Axis House, Bombay Dyeing Mills Compound, P B Marg,
Worli, Mumbai – 400025, Maharashtra, India · Citi Bank N.A. Trent House, 2nd Floor, G Block, Plot No. C-60,
Bandra-Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India · Small Industries Development Bank of India 1 and 2 Dhanalaxmi Residency, Near Hotel Tip-top Plaza, B S Marg, Thane – 400602, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
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|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Prakash Bakhda and Associates Chartered Accountant |
|
Address : |
3/4, Acme Shopping Arcade, Trikamdas Road, Kandivali (West),
Mumbai-400067, Maharashtra, India |
|
PAN No.: |
AAEPB9697A |
CAPITAL STRUCTURE
(AS ON 04.08.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.100/- each |
Rs.25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000
Millions |
|
|
|
|
|
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
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 |
|
10.000 |
10.000 |
|
(b) Reserves & Surplus |
|
69.006 |
40.223 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
2.000 |
2.000 |
|
Total
Shareholders’ Funds (1)+(2) |
|
81.006 |
52.223 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
50.529 |
23.648 |
|
(b) Deferred tax liabilities (Net) |
|
7.332 |
4.843 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
57.861 |
28.491 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
116.501 |
56.958 |
|
(b)
Trade payables |
|
149.247 |
51.958 |
|
(c)
Other current liabilities |
|
27.847 |
27.366 |
|
(d)
Short-term provisions |
|
20.541 |
10.803 |
|
Total
Current Liabilities (4) |
|
314.136 |
147.085 |
|
|
|
|
|
|
TOTAL |
|
453.003 |
227.799 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
94.714 |
59.393 |
|
(ii)
Intangible Assets |
|
2.437 |
1.531 |
|
(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 |
|
0.053 |
0.067 |
|
Total
Non-Current Assets |
|
97.204 |
60.991 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
131.431 |
59.868 |
|
(c)
Trade receivables |
|
121.886 |
60.926 |
|
(d)
Cash and cash equivalents |
|
12.077 |
6.827 |
|
(e)
Short-term loans and advances |
|
90.097 |
39.010 |
|
(f)
Other current assets |
|
0.308 |
0.177 |
|
Total
Current Assets |
|
355.799 |
166.808 |
|
|
|
|
|
|
TOTAL |
|
453.003 |
227.799 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
10.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
22.791 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
32.791 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
58.241 |
|
|
2] Unsecured Loans |
|
|
28.131 |
|
|
TOTAL BORROWING |
|
|
86.372 |
|
|
DEFERRED TAX LIABILITIES |
|
|
3.446 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
122.609 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
49.879 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
43.224
|
|
|
Sundry Debtors |
|
|
63.577
|
|
|
Cash & Bank Balances |
|
|
0.358
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
19.410
|
|
Total
Current Assets |
|
|
126.569 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
49.186
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
4.734
|
|
Total
Current Liabilities |
|
|
53.920
|
|
|
Net Current Assets |
|
|
72.649
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
PRELIMINARY EXPENSES |
|
|
0.081 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
122.609 |
|
PROFIT & LOSS
ACCOUNT
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sales Turnover (Approximately) |
700.000 (Due to market
fluctuation) |
Not Divulged |
750.000 |
700.000 |
The above information has been parted by Ms. Esther.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.06
|
1.54 |
2.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
1.13 |
2.35 |
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 three years |
Yes |
|
12] |
Profitability for last three years |
No |
|
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) |
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 |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Loans From Directors |
3.546 |
1.785 |
|
Loans From a firm /company in which Directors are interested |
12.328 |
1.413 |
|
Loans From Share Holders |
15.501 |
9.230 |
|
Loans From Others |
18.983 |
5.375 |
|
Less: Current Maturities of Long Term Debts |
7.265 |
5.376 |
|
Total |
43.093 |
12.427 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
From Banks Hong Kong Bank – Buyer’s Credit A/c |
6.588 |
0.000 |
|
From Others National Small Scale Industrial Corporation Limited |
11.951 |
7.813 |
|
Total |
18.539 |
7.813 |
|
|
|
|
|
Total |
61.632 |
20.240 |
NOTE:
The Registered office of the company has been
shifted form 12, R. K. Industry House, Walbhat Road, Goregaon (East), Mumbai-400063,
Maharashtra, India, to the present address w.e.f. 15.01.2013.
INDEX OF CHARGE
|
S. No. |
Charge ID |
Date of Charge
Creation/ Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10396935 |
19/03/2013 * |
70,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2 ND
FLOOR, G BLOCK, PLOT NO.C60,, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI,
MAHARASHTRA - 400051, INDIA |
B74147786 |
|
2 |
10217013 |
01/09/2009 |
5,000,000.00 |
SMALL INDUSTRIES
DEVELOPMET BANK OF INDIA |
1 & 2 DHANA LAXMI
RESIDENCY, NEAR HOTEL TIP-TOP P LAZA B S MARG, THANE, THANE, MAHARASHTRA -
400602, INDIA |
A75309203 |
|
3 |
10077301 |
19/03/2013 * |
186,500,000.00 |
AXIS BANK
LIMITED |
GR. FLR, AXIS
HOUSE, BOMBAY DYEING MILLS COMPOUND, |
B73966459 |
FIXED ASSETS:
· Plot
· Factory Shed
· Plant and Machinery
· Electric Fitting
· Air Conditioner
· Telephone Systems
· Mobile
· Motor Car
· Scooter
· Cycle
· Fax Machine
· Furniture
· Television
· Office Equipment
· Computers
· Water Cooler
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.59.83 |
|
|
1 |
Rs.91.76 |
|
Euro |
1 |
Rs.79.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
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 |
4 |
|
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 |
YES |
|
--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.