MIRA INFORM REPORT
|
Report Date : |
14.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
KARNAVATI CAR AIR CONDITIONERS PRIVATE LIMITED |
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|
|
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Registered
Office : |
2nd Floor, "KARNAVATI HOUSE", Opposite Dev Deep Flats,
Judges Bunglow, Bodakdev, Ahmedabad – 380054, Gujarat |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
06.08.2002 |
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Com. Reg. No.: |
04-041079 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 0.900
Million |
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|
|
CIN No.: [Company Identification
No.] |
U29191GJ2002PTC041079 |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturer, Exporter, Importer of Car Air Conditioner, Car Ac Parts,
Car Air Conditioning Parts, Auto Cooling System, etc. |
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|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 26000 |
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|
|
Status : |
Moderate |
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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. The company has recorded modest scale of business operation. The
external borrowing seems to be huge. 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 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 |
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. Manish |
|
Designation : |
Accountant Manager |
|
Contact No.: |
91-79-40373892 |
|
Date : |
12.06.2013 |
LOCATIONS
|
Registered Office / Factory : |
2nd Floor, "KARNAVATI HOUSE", Opposite Dev Deep Flats,
Judges Bunglow, Bodakdev, Ahmedabad – 380054, Gujarat, India |
|
Tel. No.: |
91-79-40373892/ 40373893 |
|
Mobile No.: |
91-9824040132 (Mr. Sunil) |
|
Fax No.: |
91-79-40307547 |
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E-Mail : |
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Website : |
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|
Location : |
Owned |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Sunil Hasmukhlal Shah |
|
Designation : |
Director |
|
Address : |
A2, Padmavati Avnue, Gujarat Society, Jain Nagar, Paldi, Ahmedabad –
380007, Gujarat, India |
|
Date of Birth/Age : |
06.08.1974 |
|
Date of Appointment : |
06.08.2002 |
|
DIN No.: |
00193628 |
|
|
|
|
Name : |
Mr. Hasmukhlal Laherchand Shah |
|
Designation : |
Director |
|
Address : |
A2, Padmavati Avnue, Gujarat Society, Jain Nagar, Paldi, Ahmedabad –
380007, Gujarat, India |
|
Date of Birth/Age : |
01.03.1950 |
|
Date of Appointment : |
06.08.2002 |
|
DIN No.: |
00193640 |
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|
|
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Name : |
Mr. Sachin Hasmukhlal Shah |
|
Designation : |
Director |
|
Address : |
A2, Padmavati Avnue, Gujarat Society, Jain Nagar, Paldi, Ahmedabad – 380007,
Gujarat, India |
|
Date of Birth/Age : |
15.09.1978 |
|
Date of Appointment : |
03.09.2012 |
|
DIN No.: |
05292592 |
|
|
|
|
Name : |
Mr. Rinaben Sunilbhai Shah |
|
Designation : |
Director |
|
Address : |
A2, Padmavati Avnue, Gujarat Society, Jain Nagar, Paldi, Ahmedabad –
380007, Gujarat, India |
|
Date of Birth/Age : |
22.08.1974 |
|
Date of Appointment : |
03.09.2012 |
|
DIN No.: |
05294632 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Hasmukhlal Shah |
|
84000 |
|
Sachin Hasmukhlal Shah |
|
2500 |
|
Hasmukhlal Leharchand Shah |
|
2000 |
|
Reenaben Sunilbhai Shah |
|
1500 |
|
|
|
|
|
Total |
|
90000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
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|
|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter, Importer of Car Air Conditioner, Car Ac Parts,
Car Air Conditioning Parts, Auto Cooling System, etc. |
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Products : |
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Imports : |
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Products : |
Air Parts, Commercial Parts Automobile Parts, etc. |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and OEM’s |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
Bank of India, Panchvati Branch, Near Panchvati Circle, Ambawadi, Ahmedabad - 380006, Gujarat, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S. D. Mehta and Company Chartered Accountants |
|
Address : |
16/A, Ghanshyam Avenue, Sattar Taluka Society, Income Tax, Ahmedabad –
380014, Gujarat, India |
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PAN No.: |
AAPPM5027N |
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
Rs.10/- each |
Rs. 0.900
Million |
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|
|
|
|
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 |
|
0.900 |
0.900 |
|
(b) Reserves & Surplus |
|
5.632 |
3.977 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3)
Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.038 |
0.016 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term
borrowings |
|
28.268 |
19.881 |
|
(b) Trade payables |
|
0.000 |
0.000 |
|
(c) Other current
liabilities |
|
2.254 |
7.050 |
|
(d) Short-term
provisions |
|
2.287 |
1.460 |
|
TOTAL |
|
39.667 |
33.284 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
5.670 |
5.497 |
|
(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 |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
20.181 |
13.531 |
|
(c) Trade receivables |
|
12.010 |
10.992 |
|
(d) Cash and cash
equivalents |
|
0.685 |
0.808 |
|
(e) Short-term loans
and advances |
|
1.121 |
2.456 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
TOTAL |
|
39.667 |
33.284 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.900 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2.737 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
3.637 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
5.043 |
|
|
2] Unsecured Loans |
|
|
3.532 |
|
|
TOTAL BORROWING |
|
|
8.575 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
12.212 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.942 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
9.518 |
|
|
Sundry Debtors |
|
|
3.457 |
|
|
Cash & Bank Balances |
|
|
0.324 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.809 |
|
Total
Current Assets |
|
|
14.108 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
6.838 |
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
|
6.838 |
|
|
Net Current Assets |
|
|
7.270 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
12.212 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
60.733 |
42.481 |
26.605 |
|
|
|
Other Income |
1.395 |
1.664 |
1.308 |
|
|
|
TOTAL |
62.128 |
44.145 |
27.913 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
58.833 |
41.927 |
26.294 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.295 |
2.218 |
1.619 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.818 |
0.630 |
0.610 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.477 |
1.588 |
1.009 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.822 |
0.349 |
0.291 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
1.655 |
1.239 |
0.718 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.977 |
2.737 |
3.976 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5.632 |
3.976 |
4.694 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.56 |
13.78 |
7.98 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
77.400 |
Expected Sales (2013-2014): Rs. 100.000 Millions
The above information has been parted by Mr. Manish (Accountant Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.66 |
2.81 |
2.57 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.08 |
3.73 |
3.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.24 |
4.77 |
5.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38 |
0.32 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.32 |
4.08 |
2.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
0.98 |
2.06 |
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 |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
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 Loan
(Rs. In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
From Director and Share Holders |
17.190 |
11.777 |
|
|
|
|
|
Total |
17.190 |
11.777 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U29191GJ2002PTC041079 |
|
Name of the
company |
KARNAVATI CAR
AIRCONDITIONERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
2nd floor, "karnavati house", opposite dev deep flats,
judges bunglow, bodakdev, ahmedabad – 380054, gujarat email-id - allsdm2009@yahoo.com
|
|
This form is for |
Modification
of charge |
|
Charge identification
(ID) number of the charge to be modified |
10258388 |
|
Type of charge |
Immovable
property Any interest in immovable property |
|
Particular of
charge holder |
Bank of India, Panchvati Branch, Near Panchvati Circle, Ambawadi, Ahmedabad - 380006, Gujarat, India Email-id - panchavati.ahmedabad@bankofindia.co.in |
|
Nature of
instrument creating charge |
Supplemental
memorandum of deposit of title deeds executed by the company for extension of
equitable mortgage charge on immovable prop by way of constructive delivery
of title deeds to secure the modified, revised and increased fund based
credit facilities aggregating Rs. 18.000 millions in favour of bank registered
with joint sub registrar sro-ahmedabad - 3 manager on 19-03-2013 at Sr No
1800 of book no 1 containing 22(twenty two) pages |
|
Date of
instrument Creating the charge |
19.03.2013 |
|
Amount secured by
the charge |
Rs. 18.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest CC STK / BKDTS -
3.25% above Br, presently 13.50% P. A. Monthly Rests Basis or Such Other Rate
As May Be Prescribed By BK Fm Time To Time Terms of Repayment
Cc Stock - On
Demand / Annual Review Book Debts - On
Demand / Annual Review Margin Cc Stock - 25% Cc Book Debts -
40% Extent and
Operation of the charge First and
Exclusive Equitable Mortgage Charge on All Immovable Properties Being Land. Bldgs,
Sheds, Structures, Const And Fixed Plant and Machinery of The Company To
Secure The Modified, Revised and Increased Fund Based Credit Facilities
Aggregating Rs 18.000 millions Alongwith Interest, Addl Int, Penal Int,
Liquidated Damages, Costs, Charges, Commission and All Other Amt Due To The
Bank From Time To Time of What So Ever Nature. Others Revised Limits
- Amt Rs In millions Cc Stock -
18.000 Cc Book Debts
- 14.000 Max Cc 18.000 Total Fb Limits
- 18.000 |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
i) All Piece and
Parcel of Na Land of Rs No 463/1 Adm 231.50 Sq Mtr Of Vil Jodhpur With Const
Adm 427.25 Mtrs Forming Part Of Land Fp 69, 70, 71, 78, 83, 84 and 85 Paiki
Tps 6 Vil Jodhpur Ta City Dist Ahmedabad. |
|
Date of
instrument modifying the charge |
13.09.2011 |
|
Particulars of
the present modification |
BK Has Granted
Addl Cc Stk Lim Rs 8.000 millions Rev Cc Stk Fm Rs 10.000 millions To Rs
18.000 millions, Addl Bk Dts Lim Of Rs 9.000 millions Rev Cc Bk Dt Lim Fm Rs
5.000 millions To Rs 14.000 millions With Max Cc Lim Rev Fm Rs 13.000
millions To Rs 18.000 millions, On Repyment Tl Cancelle Thereby Tot Max Fb
Lim Are Modified, Revised and Increased Fm Rs 13.263 millions To Rs 18.000
millions. Thus First and Excl Eq Mort Ch On Immov Prop Being Land Bldg, Const
and Fixed Plant and Mach Is Extended and Will Operate For Rs 180.00 millions
W. E. F. 19.03.2013 |
FIXED ASSETS:
- Land and
Buildings
- Furniture and
Fixture
- Air
Conditioners
- Computer
- Vehicle
- Office
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. 58.41 |
|
|
1 |
Rs. 91.62 |
|
Euro |
1 |
Rs. 78.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
33 |
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.