MIRA
INFORM REPORT
|
Report Date : |
07.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
FAUJI EXIM PRIVATE LIMITED (w.e.f. 21.07.2008) |
|
|
|
|
Formerly Known
As : |
FAUJI INTERNATIONAL ELECTRICALS PRIVATE LIMITED |
|
|
|
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Registered
Office : |
100, Sainik Vihar, Pitampura, New Delhi - 110034 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2012 |
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|
|
Date of Incorporation
: |
16.01.2006 |
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|
|
|
Com. Reg. No.: |
55-144911 |
|
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|
|
Capital
Investment / Paid-up Capital : |
Rs.2.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909DL2006PTC144911 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELF03994E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCF0696D |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Agro Product. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 49000 |
|
|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record.
There appears huge external borrowings recorded by the company. However,
trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some caution. |
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) |
|
India |
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 |
|
Rating |
BB- (Long Term Rating) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
July 02, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4+ (Short Term Rating) |
|
Rating Explanation |
Minimal degree of safety and vey high credit
risk. |
|
Date |
July 02, 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.
LOCATIONS
|
Registered Office : |
100, Sainik Vihar, Pitampura, New Delhi – 110034, India |
|
Tel. No.: |
91-11-27383624/27013408 |
|
Mobile .: |
91-9810488799 (Mr. Deepak Chauhan) |
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Fax No.: |
91-11-27383624 |
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E-Mail : |
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Website : |
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Corporate Office and Mining Address : |
Building # 1753/129, 1st Floor, Shanti Nagar, Tri Nagar,
New Delhi - 110035, India |
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Tel. No.: |
91-11-27383623 |
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Fax No.: |
91-11-27383624 |
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E-mail: |
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|
|
|
MENA (Middle East and
North Africa) Regional Office: |
Azadi Building, Al-Quds Str. 3rd Floor Off# 313 P.O. Box:
38244 Amman, 11593 Jordan |
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Tel. No.: |
962 6 4202372 / 7 95331441 |
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Fax No.: |
962 6 4202383 |
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E-mail: |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Deepak Chauhan |
|
Designation : |
Director |
|
Address : |
100, Sainik Vihar, Pitampura, Delhi - 110034, India |
|
Date of Appointment : |
16.01.2006 |
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PAN No.: |
AFOPC7285A |
|
Din No.: |
01391453 |
|
|
|
|
Name : |
Mr. Rohit Chauhan |
|
Designation : |
Director |
|
Address : |
100, Sainik Vihar, Pitampura, Delhi
- 110034, India |
|
Date of Appointment : |
16.01.2006 |
|
PAN No.: |
AFOPC7286D |
|
Din No.: |
01391397 |
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|
|
|
Name : |
Mr. Dilbagh Singh |
|
Designation : |
Director |
|
Address : |
100, Sainik Vihar, Pitampura, Delhi
- 110034, India |
|
Date of Appointment : |
16.01.2006 |
|
PAN No.: |
AANPS0368J |
|
Din No.: |
02126504 |
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|
|
|
Name : |
Mr. Shekhar Chauhan |
|
Designation : |
Director |
|
Address : |
100, Sainik Vihar, Pitampura, Delhi
- 110034, India |
|
Date of Appointment : |
16.01.2006 |
|
PAN No.: |
AFBPC2624Q |
|
Din No.: |
01391441 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dilbagh Singh |
|
52500 |
|
Deepak Chauhan |
|
52500 |
|
Rohit Chauhan |
|
52500 |
|
Shekhar Chauhan |
|
52500 |
|
|
|
|
|
Total |
|
210000 |
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 : |
Manufacturer and Exporter of Agro Product. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Oriental Bank of Commerce, LU Block, Pitampura, New Delhi - 110088,
India |
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Facilities : |
(Rs.
In Millions)
|
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|
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
DRA and Company Chartered Accountants |
|
Address : |
35, Bunglow Road, New Delhi - 110007, India |
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Tel. No.: |
91-11-27666357/ 27667360/ 27667414 |
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Fax No.: |
91-11-27667414 |
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E-Mail : |
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PAN No.: |
AAEFD9975H |
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 |
|
|
|
|
|
|
210000 |
Equity Shares |
Rs.10/- each |
Rs.2.100
Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
10.228 |
0.612 |
0.205 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
12.328 |
0.712 |
0.305 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
79.754 |
24.215 |
3.568 |
|
|
2] Unsecured Loans |
27.577 |
9.952 |
5.795 |
|
|
TOTAL BORROWING |
107.331 |
34.167 |
9.363 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
119.659 |
34.879 |
9.668 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
2.855 |
2.643 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.101 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
13.598
|
0.022 |
0.782 |
|
|
Sundry Debtors |
89.640
|
32.139 |
8.529 |
|
|
Cash & Bank Balances |
6.319
|
1.289 |
0.914 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
25.188
|
0.525 |
0.336 |
|
Total
Current Assets |
134.745
|
33.975 |
10.561 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.345
|
0.372 |
0.675 |
|
|
Other Current Liabilities |
11.697
|
1.367 |
0.225 |
|
|
Provisions |
0.000
|
0.000 |
0.108 |
|
Total
Current Liabilities |
18.042
|
1.739 |
1.008 |
|
|
Net Current Assets |
116.703
|
32.236 |
9.553 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.115 |
|
|
|
|
|
|
|
|
TOTAL |
119.659 |
34.879 |
9.668 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
0.095 |
|
|
|
TOTAL |
NA |
61.338 |
43.829 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
60.724 |
43.513 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
60.724 |
43.513 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
0.614 |
0.316 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.207 |
0.109 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
14.018 |
0.407 |
0.207 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.612 |
0.205 |
(0.002) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
14.630 |
0.612 |
0.205 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
66.75 |
61.23 |
20.46 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
0.66
|
0.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA
|
0.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
1.68
|
2.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.86
|
1.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
8.71 |
47.99
|
30.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.47 |
19.53
|
10.47 |
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 two 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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Loans and advances from directors |
7.577 |
9.952 |
|
Other loans and advances |
20.000 |
0.000 |
|
|
|
|
|
Total |
27.577 |
9.952 |
BANKERS CHARGES REPORT
AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10210286 |
|
Corporate
identity number of the company |
U31909DL2006PTC144911 |
|
Name of the
company |
FAUJI EXIM
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Building # 100 Sainik Vihar, Pitampura, New Delhi-110034, India E-mail: deepakbansal35@hotmail.com
|
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
Oriental Bank of Commerce, LU Block, Pitampura, New Delhi-110088,
India E-mail: ngaoffice@gmail.com |
|
Nature of description
of the instrument creating or modifying the charge |
Loan Doc - 13
being Supplemental Agreement to Secure Credit Facilities dated 20.01.2012. |
|
Date of
instrument Creating the charge |
20.01.2012 |
|
Amount secured by
the charge |
Rs.170.000 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per HO
Guidelines. Terms of Repayment On Demand Margin 25% Extent and Operation of the charge Full i.e. 100% |
|
Short particulars
of the property charged |
Hypothecation of
Stocks of raw material, stocks in process, semi finished goods, finished
goods, stores and spares not relating to Plant and Machinery. Bill Receivables,
Book Debt and all other movable, both present and future of the borrower,
lying or stored in the borrower premises and also include in transit for the
purpose of processing or shipment. Goods In the
course of transit or on high seas or on order or delivery, however, and
whosoever in the possession of the borrower and either by way of substitution
or addition. All fixed assets
existing and future belonging to the borrower including unencumbered plant
and machinery, land and building, furniture and fixtures, vehicles, computer
and accessories, office equipment etc. Equitable
Mortgage of Residential House Property Bearing No. 100, Sainik Vihar,
Pitampura, Delhi Measuring 300 Sq. Yards standing in the name of Santosh
Kumari. First Charge on all
the existing and future current and fixed assets of the company whether
movable or immovable. |
|
Date of latest
modification prior to the present modification |
14.06.2011 |
|
Particulars of
the present modification |
Credit Facilities
availed by Fauji Exim Private Limited enhanced by Rs.100.000 Millions from
Rs.70.000 Millions to Rs. 170.000 Millions. Details as below:- BPLC
Rs.100.000 Millions (Fresh) PC/FDBP/FUDBP
Limit Rs. 70.000 Millions (Existing) |
FIXED ASSETS
Tangible Assets
· Plant and Equipment
· Vehicles
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.56.87 |
|
|
1 |
Rs.87.65 |
|
Euro |
1 |
Rs.74.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
28 |
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.