. Summary Information
|
|
|
Country |
|
|
Company Name |
IMAGE STAR PRINT SOLUTIONS PRIVATE LIMITED |
Principal Name 1 |
Mr. A Masood Ahmed Khan |
|
Status |
Moderate |
Principal Name 2 |
Mr. Parveen Abdul Jabbar Sulthana |
|
|
|
Registration # |
18-068296 |
|
Street Address |
No. 29, |
||
|
Established Date |
20.06.2008 |
SIC Code |
-- |
|
Telephone# |
91-44-22743601 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-28420413 |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
Inkjet Ink |
|
|
# of employees |
Not Available |
Product Name 2 |
Inkjet Compatible Cartridges |
|
Paid up capital |
Rs.3,500,000/- |
Product Name 3 |
OPC drums |
|
Shareholders |
Directors
or relatives of directors 100.00% |
Banking |
HDFC Bank |
|
Public Limited Corp. |
No |
Business Period |
5 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
408,373,000 |
Current Liabilities |
42,758,000 |
|
Inventories |
14,092,000 |
Long-term Liabilities |
372,593,000 |
|
Fixed Assets |
3,147,000 |
Other Liabilities |
111,000 |
|
Deferred Assets |
000 |
Total Liabilities |
415,462,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
6,650,000 |
|
|
|
Net Worth |
10,150,000 |
|
Total Assets |
425,612,000 |
Total Liab. & Equity |
425,612,000 |
|
Total Assets (Previous Year) |
89,189,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
45,820,000 |
Net Profit |
3,280,000 |
|
Sales(Previous yr) |
275,094,000 |
Net Profit(Prev.yr) |
NA |
MIRA
INFORM REPORT
|
Report Date : |
24.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
IMAGE STAR PRINT SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 29, Meermadan Ali Street, Pudupet, Chennai-600002, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.06.2008 |
|
|
|
|
Com. Reg. No.: |
18-068296 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.3.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219TN2008PTC068296 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACC10890H |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Inkjet Ink, Inkjet Compatible Cartridges,
Continuous Ink Supply System, Inkjet Remanufactured cartridges OPC Drums etc. |
|
|
|
|
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 40000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of “Image Star” a proprietary concern started
in the year 1995. And later in the year 2008 got converted into private limited
company. It is an established company having moderate track record. The company has shown a decent
profitability position during 2012 but there appears huge external borrowings
recorded which affect the liquidity position. However, trade relations are fair. Business is active. Payment terms
are 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.
LOCATIONS
|
Registered Office : |
No. 29, Meermadan Ali Street, Pudupet, Chennai-600002, Tamilnadu,
India |
|
Tel. No.: |
91-44-22743601 / 28550389 |
|
Fax No.: |
91-44-28420413 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located At: Delhi Bangalore Hyderabad Madurai |
DIRECTORS
AS ON 26.09.2012
|
Name : |
Mr. A Masood Ahmed Khan |
|
Designation : |
Director |
|
Address : |
No. 829, Second Floor, Anna Salai, Chennai-600002, Tamil Nadu, India |
|
Date of Birth/Age : |
18.05.1968 |
|
Date of Appointment : |
20.06.2008 |
|
DIN No : |
02028001 |
|
|
|
|
Name : |
Mr. Parveen Abdul Jabbar Sulthana |
|
Designation : |
Director |
|
Address : |
Flat No. 501, Jayashree Apartments, 60/39, Raja Annamalai Puram, II
Main Road, Chennai-600028, Tamilnadu, India |
|
Date of Birth/Age : |
28.11.1973 |
|
Date of Appointment : |
08.05.2013 |
|
DIN No : |
02703949 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
A Masood Ahmed Khan |
|
320000 |
|
Manoj Nair |
|
5000 |
|
Parveen Abdul Jabbar Sulthana |
|
25000 |
|
|
|
|
|
TOTAL
|
|
350000 |
AS ON 26.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Inkjet Ink, Inkjet Compatible Cartridges,
Continuous Ink Supply System, Inkjet Remanufactured cartridges OPC Drums etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
Karnataka Bank Limited, Mount Road Branch,
No.839, Mount Road, Chennai-600002, Tamil Nadu, India ·
State Bank of India ·
HDFC Bank ·
Indian Overseas Bank |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rao and Jegadeesan Chartered Accountant |
|
Address : |
New No.36/19, Old No.77/19, Corporation Complex, CP Ramasamy Road,
Alwarpet, Chennai-600018, Tamil Nadu, India |
|
PAN No: |
AAAFR8641N |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
350000 |
Equity Shares |
Rs.10/- each |
Rs.3.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
350000 |
Equity Shares |
Rs.10/- each |
Rs.3.500 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 |
|
3.500 |
3.500 |
|
(b) Reserves & Surplus |
|
6.650 |
4.240 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
10.150 |
7.740 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
16.002 |
21.203 |
|
(b) Deferred tax liabilities (Net) |
|
0.064 |
0.064 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
16.066 |
21.267 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
356.591 |
31.459 |
|
(b)
Trade payables |
|
42.317 |
27.075 |
|
(c)
Other current liabilities |
|
0.441 |
1.582 |
|
(d) Short-term
provisions |
|
0.047 |
0.066 |
|
Total Current
Liabilities (4) |
|
399.396 |
60.182 |
|
|
|
|
|
|
TOTAL |
|
425.612 |
89.189 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
3.147 |
2.688 |
|
(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 |
|
360.142 |
32.290 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
363.289 |
34.978 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
14.092 |
12.105 |
|
(c)
Trade receivables |
|
45.302 |
38.998 |
|
(d) Cash
and cash equivalents |
|
1.158 |
1.618 |
|
(e)
Short-term loans and advances |
|
0.955 |
1.372 |
|
(f)
Other current assets |
|
0.816 |
0.118 |
|
Total Current
Assets |
|
62.323 |
54.211 |
|
|
|
|
|
|
TOTAL |
|
425.612 |
89.189 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
3.500 |
|
|
3] Reserves & Surplus |
|
|
2.316 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
5.916 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
11.691 |
|
|
2] Unsecured Loans |
|
|
9.232 |
|
|
TOTAL BORROWING |
|
|
20.923 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.022 |
|
|
ADVANCE IN BRANCH |
|
|
50.543 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
77.404 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.666 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
10.640
|
|
|
Sundry Debtors |
|
|
20.130
|
|
|
Cash & Bank Balances |
|
|
1.330
|
|
|
Other Current Assets |
|
|
57.467
|
|
|
Loans & Advances |
|
|
0.000
|
|
Total
Current Assets |
|
|
89.567 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
13.829
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
13.829
|
|
|
Net Current Assets |
|
|
75.738
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
77.404 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
45.820 |
275.094 |
188.892 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
[Including
Depreciation] |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
3.030 |
2.339 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.369 |
0.178 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
3.280 |
2.661 |
2.161 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
3.280 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
9.37 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
7.15
|
0.97 |
1.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.77
|
2.98 |
2.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.34 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
36.70
|
6.80 |
5.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.15
|
0.90 |
6.48 |
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 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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
Registered Office of the company has been shifted from No. 19, Meermadan
Ali Street, Pudupet, Chennai-600002, Tamil Nadu, India to the present address
w.e.f. 10.02.2010.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Term Loans |
|
|
|
From Other
Parties |
|
|
|
From Directors and Related Parties |
3.564 |
7.297 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Loans and Advances From Related Parties |
356.591 |
31.459 |
|
TOTAL
|
360.155 |
38.756 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
10170827 |
|
Corporate
identity number of the company |
U22219TN2008PTC068296 |
|
Name of the
company |
IMAGE STAR PRINT
SOLUTIONS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No. 29, Meermadan Ali Street, Pudupet, Chennai-600002, Tamilnadu,
India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Floating Charge |
|
Particular of
charge holder |
Karnataka Bank Limited, Mount Road Branch, No.839, Mount Road,
Chennai-600002, Tamil Nadu, India Email: mad.mount.rd@ktkbank.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation
Agreement for Rs.15.000 Millions. Hypothecation
Agreement for Rs.2.500 Millions. General Power of
Attorney for Book Debts for Rs.15.000 Millions. General Power of
Attorney for Book Debts for Rs.2.500 Millions. |
|
Date of
instrument Creating the charge |
29.04.2013 |
|
Amount secured by
the charge |
Rs.17.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Base rate+2.50% i.e.
13.25% p.a. with monthly rests. (Presently base rate being 10.75%). Terms of Repayment For Overdraft -
On Demand For WC DPN - In
25 Equal Monthly installments of Rs. 0.100 Million each. Margin 25% on Stock and
40% on receivables/ book debts considered and outstanding for not more than
120 days. Extent and Operation of the charge As per agreement
executed Others Nature of
facility Existing Modified (Rs. In. Millions) Overdraft 15.000 15.000 WC DPN --- 2.500 Total 15.000 17.500 All other terms
and conditions as per the sanction letter and agreements executed. |
|
Short particulars
of the property charged |
Hypothecation by
way of First charge on Stock of Printing Ink and cartridges etc., both
present and future Hypothecation by
way of First charge on Book Debts, receivables of the Company, both present
and future |
|
Date of latest
modification prior to the present modification |
10.12.2012 |
|
Particulars of
the present modification |
The amount
secured by this charge has been modified from Rs. 15.000 Millions to Rs.
17.500 Millions as detailed hereunder: Nature of
facility Existing Modified (Rs. In. Millions) Overdraft 15.000 15.000 WC DPN --- 2.500 Total 15.000 17.500 All other terms
and conditions of the Original charge & subsequent modifications remain
unchanged. |
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.59.35 |
|
|
1 |
Rs.92.11 |
|
Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
--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.