1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Suretech Infrastructure Private Limited |
Principal Name 1 |
Mr. Sunil Nandkishore Newatia |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Surjit Tarunkumar Mukherjee |
|
|
|
Registration # |
11-59049 |
|
Street Address |
48, Suretech
House, Jawahar Industrial Estate, Kamothe Panvel, Mumbai – 410209,
Maharashtra, India |
||
|
Established Date |
20.11.1990 |
SIC Code |
-- |
|
Telephone# |
91-22-27432045/ 274 |
Business Style 1 |
Distributor |
|
Fax # |
91-22-27434685/ 3093 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Construction Equipments |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.5,569,100/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors- 100% |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
23 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
-- |
Span Corporation |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
47,521,000 |
Current Liabilities |
72,925,000 |
|
Inventories |
12,912,000 |
Long-term Liabilities |
17,929,000 |
|
Fixed Assets |
58,628,000 |
Other Liabilities |
1,154,000 |
|
Deferred Assets |
725,000 |
Total Liabilities |
92,008,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
22,209,000 |
|
|
|
Net Worth |
27,778,000 |
|
Total Assets |
119,786,000 |
Total Liab. & Equity |
119,786,000 |
|
Total Assets (Previous Year) |
133,849,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Including Other Income) |
139,754,000 |
Net Profit |
2,203,000 |
|
Sales(Previous yr) (Including Other Income) |
99,025,000 |
Net Profit(Prev.yr) |
2,983,000 |
|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SURETECH INFRASTRUCTURE PRIVATE LIMITED (w.e.f. 17.11.2005) |
|
|
|
|
Formerly Known
As : |
SURETECH MARKETING PRIVATE LIMITED AURTECH MARKETING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
48, Suretech House, Jawahar Industrial Estate, Kamothe Panvel, Mumbai
– 410209, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.11.1990 |
|
|
|
|
Com. Reg. No.: |
11-59049 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.569 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U59049MH1990PTC059049 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor of Construction 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 110000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade relations are reported as fair. Business is active. Payment terms
are usually correct and as per commitments. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 2B |
|
Rating Explanation |
High Performance Capability and Moderate
financial strength. |
|
Date |
28.01.2013 |
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/ Head Office : |
48, Suretech House, Jawahar Industrial Estate, Kamothe Panvel, Mumbai
– 410209, Maharashtra, India |
|
Tel. No.: |
91-22-27432045/ 274/ 27433633/ 27424888/ 0045/ 0093 |
|
Mobile No.: |
91-9819689901 (Mr. Sunil Newatia) 91-9820064023 (Mr. Surajit Mukherjee) 91-9769909033 (Ms. Uthpala Suvarna) |
|
Fax No.: |
91-22-27434685/ 3093 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Offices : |
Located at: · Delhi · Chennai |
|
|
|
|
Milontika Engineering
Services : |
House # 412, Road # 29, New DOHS, Mohakhali, Dhaka-1206, Bangladesh,
India |
|
Tel No.: |
91-880-2-8812976 |
|
Fax No.: |
91-880-2-8753210 |
|
Email : |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Sunil Nandkishore Newatia |
|
Designation : |
Managing Director |
|
Address : |
28-A, Worli Hill Road, Madhuban, Mumbai – 400018, Maharashtra, India |
|
Date of Birth/Age : |
03.06.1951 |
|
Date of Appointment : |
02.04.1992 |
|
DIN No.: |
00344327 |
|
|
|
|
Name : |
Mr. Surjit Tarunkumar Mukherjee |
|
Designation : |
Director |
|
Address : |
33, 16 Pali Road, Milan Next to HSBC Bank, Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
05.08.1948 |
|
Date of Appointment : |
02.04.1992 |
|
DIN No.: |
00344422 |
|
|
|
|
Name : |
Mr. Uthpala Veerappa Suvarna |
|
Designation : |
Director |
|
Address : |
Jay Shree Apartment, I Jay Raj Nagar, Vazira Naka, Borivali (West),
Mumbai – 400091, Maharashtra, India |
|
Date of Birth/Age : |
15.05.1965 |
|
Date of Appointment : |
01.12.2010 |
|
DIN No.: |
03015565 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sunil Nandkishore Newatia |
|
20200 |
|
Surjit Tarunkumar Mukherjee |
|
269900 |
|
Pallu S. Newatia |
|
239700 |
|
Sunil Nandkishore Newatia (HUF) |
|
10000 |
|
Collien A. Gonsalves |
|
100 |
|
Shailesh Chourasia |
|
3040 |
|
Uthpala Veerappa Suvarna |
|
10680 |
|
Vikram Rathod |
|
100 |
|
Mahesh Quadras |
|
1770 |
|
Vishwas Mhatre |
|
670 |
|
Prashant Dhumal |
|
750 |
|
|
|
|
|
Total |
|
556910 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Construction Equipments. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India · Axis Bank Limited |
|||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vinod G. Rana and Company Chartered Accountant |
|
Address : |
56A/ Shreenath Bhawan, Ground Floor, 1st Khattar Lane,
Thakurdwar, Mumbai – 400002, Maharashtra, India |
|
Tel No.: |
91-22-23812360/61(O)/ 23896484/23880951 (R) |
|
Mobile No.: |
91-9820124704 |
|
PAN No.: |
AAJPR5772K |
|
Email : |
|
|
|
|
|
Associates : |
· Ashtron · Span Corporation |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
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 |
|
|
|
|
|
|
556910 |
Equity Shares |
Rs.10/- each |
Rs.5.569
Millions |
|
|
|
|
|
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 |
5.569 |
5.445 |
5.445 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
22.209 |
19.013 |
16.029 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
27.778 |
24.458 |
21.474 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
16.357 |
24.633 |
9.257 |
|
|
2] Unsecured Loans |
1.572 |
5.945 |
6.316 |
|
|
TOTAL BORROWING |
17.929 |
30.578 |
15.573 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
45.707 |
55.036 |
37.047 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
58.628 |
67.822 |
38.038 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.725 |
0.065 |
0.051 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12.912
|
11.604 |
13.089 |
|
|
Sundry Debtors |
11.941
|
14.240 |
7.210 |
|
|
Cash & Bank Balances |
29.517
|
30.991 |
1.357 |
|
|
Other Current Assets |
3.647
|
2.484 |
0.000 |
|
|
Loans & Advances |
2.416
|
6.643 |
10.718 |
|
Total
Current Assets |
60.433
|
65.962 |
32.374 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
60.678
|
65.672 |
25.723 |
|
|
Other Current Liabilities |
12.247
|
12.710 |
0 |
|
|
Provisions |
1.154
|
0.431 |
7.693 |
|
Total
Current Liabilities |
74.079
|
78.813 |
33.416 |
|
|
Net Current Assets |
(13.646)
|
(12.851) |
(1.042) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
45.707 |
55.036 |
37.047 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
139.754 |
99.025 |
68.489 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
122.186 |
80.900 |
55.099 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.568 |
18.125 |
13.390 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.360 |
4.936 |
3.614 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.208 |
13.189 |
9.776 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.052 |
8.734 |
3.795 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.156 |
4.455 |
5.981 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.953 |
1.472 |
0.758 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.203 |
2.983 |
5.223 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
18.832 |
15.849 |
10.626 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
21.035 |
18.832 |
15.849 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
28.335 |
12.300 |
6.742 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Goods |
0.000 |
7.675 |
NA |
|
|
|
Capital Goods |
20.940 |
29.794 |
NA |
|
|
TOTAL IMPORTS |
20.940 |
37.469 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.05 |
5.48 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.58
|
3.01 |
7.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.65
|
3.33 |
8.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.18 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.65
|
1.25 |
0.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.82
|
0.84 |
0.97 |
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 |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
From Others Related Parties |
1.300 |
4.332 |
|
HDFC Bank – ICE 416L Discounting (Ram and Narsimha) |
0.272 |
1.362 |
|
Religare Finvest Limited |
0.000 |
0.251 |
|
|
|
|
|
Total |
1.572 |
5.945 |
NOTE:
The Registered office of the company has been shifted from, 103 A,
Rajkamal Heightd, Dr. S. S. Road, Rajkamal Studio Compound, Parel East, Mumbai
– 400012, Maharashtra, India, to the present address w.e.f. 03.12.2012
FIXED ASSETS:
·
Office Building
·
Plant and Machinery
·
Electrical Installation Plant
·
Factory Equipment
·
Office Equipment
·
Vehicle
·
Furniture Fixtures
·
Electric Fitting General
·
Computer
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.54.71 |
|
|
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.