MIRA INFORM REPORT
|
Report Date : |
19.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
OSCAR ULTRASONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-10, Arihant Industrial Estate, Off. Saki Vihar Road,
Sakinaka, Andheri (East), Mumbai - 400072, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.01.1999 |
|
|
|
|
Com. Reg. No.: |
11-117979 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33110MH1999PTC117979 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMO02219A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAA02770N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Multi Stage Ultrasonic Vapour Degreasing Systems,
Single Chamber Ultrasonic Cleaning Systems, Ultrasonic Sonicator etc. |
|
|
|
|
No. of Employees
: |
25 (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 9000 |
|
|
|
|
Status : |
Small company |
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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 in its field. Its scale of
activities are limited. 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 (GENERAL DETAILS)
|
Name : |
Mr. Vishwanath S Paranjape |
|
Designation : |
Director |
|
Contact No.: |
91-22-28477763 |
|
Date : |
19.06.2013 |
LOCATIONS
|
Registered Office : |
G-10, Arihant Industrial Estate, Off. Saki Vihar Road, Sakinaka, Andheri (East), Mumbai - 400072, Maharashtra, India |
|
Tel. No.: |
91-22-28477763/ 28470069/ 28472749 |
|
Fax No.: |
91-22-28472552 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Bengre Y Karkera |
|
Designation : |
Director |
|
Address : |
B-9, Rameshwar Darshan, Natwar Nagar, Road No. 4, Jogeshwari (East),
Mumbai – 400 060, |
|
Date of Birth/Age : |
23.01.1962 |
|
Date of Appointment : |
22.01.1999 |
|
DIN No.: |
01524972 |
|
|
|
|
Name : |
Mr. Vishwanath S Paranjape |
|
Designation : |
Director |
|
Address : |
B-4, Ayasmritu, Ramachandra Nagar, |
|
Date of Birth/Age : |
27.10.1955 |
|
Date of Appointment : |
22.01.1999 |
|
DIN No.: |
01718490 |
|
|
|
|
Name : |
Mr. Kishore Sonawane |
|
Designation : |
Director |
|
Address : |
E/1, Shethwadi Chawl, |
|
Date of Birth/Age : |
15.06.1950 |
|
Date of Appointment : |
17.03.2000 |
|
DIN No.: |
01718584 |
|
|
|
|
Name : |
Mr. Velan Ponnan |
|
Designation : |
Director |
|
Address : |
23, Jayanandan Co-Operative Housing Society Limited, |
|
Date of Birth/Age : |
08.01.1949 |
|
Date of Appointment : |
22.01.1999 |
|
DIN No.: |
01759204 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Bengre Y Karkera |
|
8000 |
|
Vishwanath S. Paranjape |
|
8000 |
|
Kishor N Sonawane |
|
3200 |
|
P Velan |
|
8000 |
|
A S Pandit |
|
3200 |
|
M P Faloo |
|
3200 |
|
X F Fosenca |
|
3200 |
|
R B Palyekar |
|
3200 |
|
Total |
|
40000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Multi Stage Ultrasonic Vapour Degreasing
Systems, Single Chamber Ultrasonic Cleaning Systems, Ultrasonic Sonicator
etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Others |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
Canara Bank, Andheri - Kurla Road, Sakinaka,, Mumbai - 400072, Maharashtra, India |
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|
||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
K.V. Shankaran and Associates Chartered Accountants |
|
Address : |
212, Bharat Industrial Estate, LBS Marg, Bhandup (West), Mumbai –
400078, Maharashtra, India |
|
Tel. No.: |
91-22-25946374 |
|
PAN No.: |
AABPK6228R |
CAPITAL STRUCTURE
As on 31.03.2012
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 |
|
|
|
|
|
|
40000 |
Equity Shares |
Rs.10/- each |
Rs. 0.400
Million |
|
|
|
|
|
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 |
|
0.400 |
0.400 |
|
(b) Reserves & Surplus |
|
2.094 |
1.813 |
|
(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 |
|
0.447 |
0.675 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
0.784 |
1.006 |
|
(c) Other current liabilities |
|
0.830 |
0.498 |
|
(d) Short-term provisions |
|
1.156 |
0.903 |
|
TOTAL |
|
5.711 |
5.295 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.922 |
0.974 |
|
(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 |
|
0.624 |
0.555 |
|
(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 |
|
2.031 |
1.574 |
|
(c) Trade receivables |
|
1.200 |
1.476 |
|
(d) Cash and cash equivalents |
|
0.007 |
0.008 |
|
(e) Short-term loans and advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
0.927 |
0.708 |
|
TOTAL |
|
5.711 |
5.295 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.400 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.575 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.975 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.407 |
|
|
2] Unsecured Loans |
|
|
0.488 |
|
|
TOTAL BORROWING |
|
|
0.895 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2.870 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.065 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.555 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.000 |
|
|
Other Current Assets |
|
|
3.384 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
3.384 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.680 |
|
|
Other Current Liabilities |
|
|
0.895 |
|
|
Provisions |
|
|
0.560 |
|
Total
Current Liabilities |
|
|
2.135 |
|
|
Net Current Assets |
|
|
1.249 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.001 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2.870 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Turnover |
13.742 |
11.434 |
15.097 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.503 |
0.559 |
0.733 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.503 |
0.559 |
0.731 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
0.096 |
0.106 |
0.124 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.407 |
0.343 |
0.607 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
0.126 |
0.106 |
0.188 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.281 |
0.237 |
0.419 |
|
|
|
|
|
|
|
|
|
|
Previous Year
Adjustment |
0.000 |
0.000 |
0.003 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.812 |
1.575 |
1.159 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.093 |
1.812 |
1.575 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.03 |
5.93 |
10.48 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.00
|
7.24 |
13.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.15 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.18
|
0.31 |
0.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
9.32
|
5.58 |
1.59 |
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 |
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 |
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 31.03.2012 |
As
on 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
From Directors and Shares Holders |
0.488 |
0.488 |
|
Total |
0.488 |
0.488 |
|
|
|
|
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U33110MH1999PTC117979 |
|
Name of the
company |
OSCAR ULTRASONICS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
G-10, Arihant Industrial Estzatkranti Nagar, Off Saki Naka Road, Saki Naka Andheri (East), Mumbai – 400072, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
90146195 |
|
Type of charge |
·
Book debts · Others (Stock) |
|
Particular of
charge holder |
Canara Bank, Andheri - Kurla Road, Saki Naka Branch, Mumbai - 400072, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplemental
Agreement |
|
Date of
instrument Creating the charge |
10.08.2012 |
|
Amount secured by
the charge |
Rs.2.800 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate+2.50%
with a minimum of 13% p.a. Terms of Repayment As may be decided
by the Bank from time to time Margin As may be decided
by the Bank from time to time Extent and Operation of the charge To secure due
repayment of credit facilities aggregating Rs.2.800 Millions, together with
costs, interest, expenses, charges thereof, granted by the Bank to the
Company. Others Total facilities OCC : Rs. 2.800
Millions (increased from Rs.0.700 Million) ------------------------------------------------ Total : Rs.2.800
Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Primary Security:
1. Entire Stocks including finished goods valued at Rs. 27.26L and 2.
Existing and future book debts arising out of genuine trade transactions,
valued at Rs.13.12L, as on 30.06.12 Collateral
Security: EMT/ 1st charge of Gala No.10, Ground floor, Arihant Indl. Estate,
Off Saki Vihar Road, Saki Naka, standing in the name of Company valued at
Rs.5.320 Millions as per VR date.03.07.09 |
|
Date of
instrument modifying the charge |
27.01.2005 |
|
Particulars of
the present modification |
By this present
modification, the charge shall hold good to secure additional credit
facilities of Rs.2.100 Millions. Therefore the total facilities granted by
the Bank to the Company is Rs.2.800 Millions being OCC (converted in MSME OD)
(with SL-ODBD of Rs.0.5 Million). Therefore the overall charge now stands
modified to Rs.2.800 Millions. |
FIXED ASSETS
- Plant and
Machinery
- Furniture and
Fixtures
- Electrical
Fittings
- Office
Equipments
- Air
Conditioner
- Computer
- Printer
- Office
Appliances
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 records 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.58.45 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
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 |
|
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.