MIRA
INFORM REPORT
|
Report Date : |
20.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRANSTEC OVERSEAS PRIVATE LIMITED (w.e.f. 09.03.2007) |
|
|
|
|
Formerly Known As
: |
PRO INFOTECH (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
70, Podar Chambers, 3rd Floor, S.A. Brelvi Marg, Fort,
Mumbai – 400 001, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
11.09.2000 |
|
|
|
|
Com. Reg. No.: |
11-128638 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.000 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2000PTC128638 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMT14244G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCP2309N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing
of Aviation Ground Support Equipments, Material Handling Equipments and Cargo
Equipments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 145000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having a satisfactory track record. There appears
drastic dip in the profits of the company during 2012 over its previous year.
However, the financial
position is good. Trade relations are fair. Business is active. Payment terms
are usually correct and as per commitment. 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) |
|
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/ Head Office : |
70, Podar Chambers, 3rd Floor, S.A. Brelvi Marg, Fort,
Mumbai – 400 001, Maharashtra |
|
Tel. No.: |
91-22-22618461/
22618334/ 22630474 |
|
Fax No.: |
91-22-22630474 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
502, Sheel Chambers, 5th Floor, 10, |
|
Tel. No.: |
91-22-22852963/ 22846838 |
|
Fax No.: |
91-22-22846838 |
|
|
|
|
Factory 1 : |
Surat Special Economic Zone, Plot No.266-A, Dgdc, G.I.D.C., Sachin –
394 230, Gujarat, India |
|
|
|
|
Factory 2 : |
House No.1161, Survey No.37/1, Majigam, Taluka Chikhli, District
Navsari – 396 521, Gujarat, India |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Nimesh Jinesh Shah |
|
Designation : |
Director |
|
Address : |
13, Purab Apartments, 5th Floor, Ridge Road, Walkeshwar,
Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/ Age : |
29.07.1974 |
|
Date of Appointment : |
11.09.2000 |
|
DIN No.: |
02272058 |
|
|
|
|
Name : |
Mr. Adesh Jinesh Shah |
|
Designation : |
Director |
|
Address : |
13, Purab Apartments, 5th Floor, Ridge Road, Walkeshwar,
Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/ Age : |
06.05.1980 |
|
Date of Appointment : |
11.09.2000 |
|
DIN No.: |
02272220 |
|
|
|
|
Name : |
Mr. Jinesh Hiralal Shah |
|
Designation : |
Director |
|
Address : |
Purab Apartments, 5th Floor, Block No.13/42, Ridge Road,
Walkeshwar, Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/ Age : |
15.05.1941 |
|
Date of Appointment : |
12.09.2000 |
|
DIN No.: |
02274843 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Nimesh Jinesh Shah |
|
17500 |
|
Adesh Jinesh Shah |
|
17500 |
|
Jinesh Hiralal Shah |
|
15000 |
|
Zankhana Nimesh Shah |
|
17500 |
|
Vandana Jinesh Shah |
|
15000 |
|
Kunali Adesh Shah |
|
17500 |
|
Total
|
|
100000 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
of Aviation Ground Support Equipments, Material Handling Equipments and Cargo
Equipments |
|
|
|
|
Products : |
·
Ground Support Equipments ·
Cargo Equipments |
GENERAL INFORMATION
|
Suppliers : |
·
A.B.S. International ·
Agarwal Pipes and Hardware ·
Ambica Steel Centre ·
BMT Engineers ·
H & J Associates ·
Hari Om Hydraulics ·
M.M. Tube Company ·
Om Sai Star Engineers ·
Super Paints and Oil Industries ·
Radhika Industries ·
VNM Hydrotek ·
NMC Wollard ·
Neela Gas Agency ·
Jay Industries ·
Chetna Hardware ·
Aakash Cargo Movers ·
Seven Star Express |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
·
Air India ·
Sats ·
Deccon 360 ·
Menzies-aviation ·
Cambata Aviation ·
Celebi Nas India ·
Spicejet ·
Globe Ground ·
Bird Group ·
Sri Lanka Airlines ·
Sovika Group |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Bank of Baroda, Sir P.M. Road, Laxmi Building,
Fort, Mumbai – 400 001, Maharashtra, India ·
ICICI Bank Limited |
|||||||||||||||
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|||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V.J. Shah and Company Chartered Accountants |
|
Address : |
1st Floor, Hira Niwas, 46, Mody Street, CST, Mumbai – 400
001, Maharashtra, India |
|
Tel. No.: |
91-22-40966263/ 22666363 |
|
Fax No.: |
91-22-22665955 |
|
E-Mail : |
|
|
PAN No: |
AAAFV0230F |
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 |
|
100000 |
Equity Shares |
Rs.10/- each
|
Rs.1.000 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 |
|
1.000 |
1.000 |
|
(b) Reserves & Surplus |
|
35.166 |
34.139 |
|
(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 |
0.765 |
|
(b) Deferred tax liabilities (Net) |
|
1.017 |
0.921 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
3.006 |
0.138 |
|
(b) Trade payables |
|
4.085 |
4.410 |
|
(c) Other current
liabilities |
|
1.522 |
0.776 |
|
(d) Short-term provisions |
|
0.234 |
0.083 |
|
TOTAL |
|
46.030 |
42.232 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
22.287 |
5.374 |
|
(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 |
|
3.465 |
1.207 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
4.517 |
1.399 |
|
(c) Trade receivables |
|
15.236 |
19.441 |
|
(d) Cash and cash
equivalents |
|
0.187 |
13.737 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
0.338 |
1.074 |
|
TOTAL |
|
46.030 |
42.232 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
21.162 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
22.162 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.002 |
|
|
2] Unsecured Loans |
|
|
0.156 |
|
|
TOTAL BORROWING |
|
|
0.158 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.016 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
23.336 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
5.477 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
12.448 |
|
|
Cash & Bank Balances |
|
|
0.675 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
7.728 |
|
Total
Current Assets |
|
|
20.851 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1.837 |
|
|
Other Current Liabilities |
|
|
0.278 |
|
|
Provisions |
|
|
0.877 |
|
Total
Current Liabilities |
|
|
2.992 |
|
|
Net Current Assets |
|
|
17.859 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
23.336 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
51.668 |
22.156 |
|
|
|
Other Income |
NA |
0.473 |
0.379 |
|
|
|
TOTAL |
NA |
52.141 |
22.535 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
NA |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1.027 |
13.113 |
10.125 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
29.905 |
11.312 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
10.27 |
131.13 |
101.25 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
25.15 |
44.93 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.08
|
0.03 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.29
|
6.59 |
6.97 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
18) Major customers |
Yes |
|
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 |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
|
Unsecured Loan |
As
on 31.03.2012 (Rs.
in Millions) |
As
on 31.03.2011 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans from
Relatives |
|
|
|
Jinesh H. Shah |
0.000 |
0.264 |
|
Loans from
Directors |
|
|
|
Adesh Shah |
0.000 |
0.501 |
|
SHORT TERM
BORROWINGS |
|
|
|
From Directors |
|
|
|
Adesh Shah |
0.020 |
0.000 |
|
Nimesh Shah |
0.020 |
0.000 |
|
From Others |
|
|
|
Jinesh H. Shah |
0.520 |
0.000 |
|
Adesh Shah HUF |
0.020 |
0.000 |
|
Jinesh Shah AOP |
0.020 |
0.000 |
|
Jinesh Shah HUF |
0.020 |
0.000 |
|
Nimesh Shah HUF |
0.020 |
0.000 |
|
Transtec Engineering Surat |
2.340 |
0.000 |
|
Transtec Engineering Mumbai |
0.000 |
0.079 |
|
Vandana J. Shah |
0.020 |
0.000 |
|
Total
|
3.000 |
0.844 |
FINANCIAL RESULTS:
The Company has made a profit of Rs.1.027
millions during the year after providing for depreciation and tax, the same has
been carried forward to the Balance Sheet.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U72900MH2000PTC128638 |
|
Name of the
company |
TRANSTEC OVERSEAS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
70, Podar Chambers, 3rd Floor, S.A. Brelvi Marg, Fort,
Mumbai – 400 001, Maharashtra, India E-Mail: nimesh@transtecoverseas.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property Others (together
with the building and other structures) |
|
Particular of
charge holder |
Bank of Baroda, Sir P.M. Road, Laxmi Building, Fort, Mumbai – 400 001,
Maharashtra, India E-Mail: ravinputhran@yahoo.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of entry
recording mortgage by deposit of title deeds in respect of advances secured
by mortgage of immoveable property |
|
Date of
instrument Creating the charge |
11.07.2012 |
|
Amount secured by
the charge |
Rs.20.000
millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest: : Base
Rate+1.25%i.e.11.75% p.a. with monthly rest upto 270 days (ECNOS): Base
Rate+7% i.e. 17.50% p.a. (PC&FBP/FBD) : Base Rate+4%
i.e. presently 14.50% p.a. payable at monthly rest (CC) Terms of
Repayment: Line of Credit Working Capital
cum L.C and Bank Guarantee Working Capital:
PC/PCFC/FBP/UFBP/FCBD/PSDL (120 days) and LOCAL B/D (90 days) PC/PCFC (120
days) Cash Credit
(Hypothecation of stock and book debts) Non Fund Based Import/ Inland LC
DP DA usance 90 days. Bank Guarantee Margin: 25% For Packing
Credit Nil For FBP/Bills
Discounting 10% FOR PSDL 25% ON stocks and
30% on eligible book debts (eligible book debts : not exceeding 90 days) 25% cash margin in
case of B.G and L.C. Extent and
Operation of the charge: Bank of Baroda
B/O Sir P.M. Road Laxmi Building Fort Mumbai First Charge Holder |
|
Short particulars
of the property charged |
All that piece and
parcel of leasehold land bearing Plot No.266 A, admeasuring about 595 sq.
mtrs. and structure thereon at Surat Special Economic Zone of Sachin
Industrial Area/Estate, situated on the land bearing revenue Survey No.325 of
Village-Sachin Taluka Choryasi, District Surat All that piece
and parcel of leasehold land bearing plot No.266 A, admeasuring about 90.75
sq. mtrs. at Surat special Economic Zone of Sachin Industrial Area/Estate,
situated on the land bearing revenue Survey No.325 of Village-Sachin Taluka
Choryasi, District Surat Together with the
building and other structures, erections and godowns and anything attached to
the earth for the permanent. |
FIXED ASSETS:
·
Computer
·
Air Conditioner
·
Printer
·
Laptop Computer
·
Furniture and Fixture
·
Mobile Phone
·
Telephone
·
Television
·
Vehicle
·
Combustion Engine
·
Factory Building
·
Plant and Machinery (Lathe Machine)
·
Plant and Machinery
·
Land
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.58.74 |
|
|
1 |
Rs.91.99 |
|
Euro |
1 |
Rs.78.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.