1. Summary Information
|
Country |
|
||
|
Company Name |
BAGH BAHAR
APPLIANCES PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajesh Jeevan
Uttamchandani |
|
Status |
Moderate |
Principal Name 2 |
Mr. Govind Jeevan
Uttamchandani |
|
Registration # |
11-108822 |
||
|
Street Address |
29,
Akshay Complex, |
||
|
Established Date |
17.06.1997 |
SIC Code |
-- |
|
Telephone# |
91-20-40131000/26122118
/ 26128259 |
Business Style 1 |
Distributor |
|
Fax # |
91-20-26134837 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Consumer Durable Electronics |
|
# of employees |
-- |
Product Name 2 |
Electrical Appliances |
|
Paid up capital |
Rs.12,699,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors- 100.00 % |
Banking |
State Bank
of India |
|
Public Limited Corp. |
NO |
Business Period |
16 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(31) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates/Subsidiaries
|
|
Shri Santkripa Appliances |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
403,598,000 |
Current Liabilities |
135,315,000 |
|
Inventories |
105,731,000 |
Long-term Liabilities |
262,091,000 |
|
Fixed Assets |
2,914,000 |
Other Liabilities |
61,000 |
|
Deferred Assets |
-- |
Total Liabilities |
397,467,000 |
|
Invest& other Assets |
34,500,000 |
Retained Earnings |
136,577,000 |
|
|
|
Net Worth |
149,276,000 |
|
Total Assets |
546,743,000 |
Total Liab. & Equity |
546,743,000 |
|
Total Assets (Previous Year) |
458,154,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
2,826,869,000 |
Net Profit |
25,060,000 |
|
Sales(Previous yr) |
2,319,878,000 |
Net Profit(Prev.yr) |
16,974,000 |
|
Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
BAGH BAHAR APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
29, Akshay Complex, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
17.06.1997 |
|
|
|
|
Com. Reg. No.: |
11-108822 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.12.699 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U29305PN1997PTC108822 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
PNEB01940B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Distributor of Consumer Durable Electronics and Electrical Appliances. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 597104 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There appears huge external borrowings recoded by the company. Profit margin of the company is also low. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered normal 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITECH |
|
Rating |
BB- (Long Term Facility) |
|
Rating Explanation |
This rating indicate an elevated Vulnerability to default risk. |
|
Date |
16.01.2012 |
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 |
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 : |
29, Akshay Complex, |
|
Tel. No.: |
91-20-40131000/26122118 / 26128259 |
|
Mobile No.: |
91-9371003288 (Mr. Anil) |
|
Fax No.: |
91-20-26134837 |
|
E-Mail : |
shailesh@sskinfotech.com |
|
Website : |
|
|
Area : |
14000 sq. ft |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Reliable Warehousing, Gate No. 2347/B/A, |
|
Area : |
5000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Rajesh Jeevan
Uttamchandani |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-6, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.01.1964 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.06.1997 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00139105 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Govind Jeevan
Uttamchandani |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-6, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.01.1964 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.06.1997 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00139239 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
S Krishnamurthy and Company |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 6, Building No. 10, Sakal Nagar , Pune-411007, |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajesh Uttamchandani |
|
559950 |
|
Govind Uttamchandani |
|
559950 |
|
Total |
|
1119900 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Consumer Durable Electronics and Electrical
Appliances. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· The Poone People’s Co-operative Bank, 606, Sadashiv Peth, Azad Wadi, Pune-411030, Maharashtra, India · Union Bank of India, 2A Aurora Towers, 9 Moledina Road, Pune-411001, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D. G. Kango Chartered Accountant |
|
Address : |
2040, Sadashi Peth, Nikhil Pride, 4th Floor, |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
· Shri Santkripa Appliances, Pune Line of Business: Distributor of Whirlpool Home Appliances, Samsung Colour TV, T-Series Cassettes and Nokia Handsets ·
Gurunanak Marketing, Wagholi, Pune-411 030, Maharashtra, India ·
SSK Infotech Private Limited, Akshaya Road,
Pune, Maharashtra ·
SSK Retails Private Limited ·
SSK Fruits and Farms Private Limited ·
Sant Shiromani Electronics ·
Shree Sant Kripa Educational Research Institution ·
SSK Developers Private Limited ·
SSK Kanak ·
Developers and property management ·
Shri Sant Kripa Infrastructure ·
Maverick Mobile Solutions Private Limited ·
Blue Square Realities Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Share |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1269900 |
Equity Share |
Rs.10/- each |
Rs.12.699
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 |
12.699 |
10.999 |
9.999 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
136.577 |
79.218 |
43.243 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
149.276 |
90.217 |
53.242 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
254.378 |
227.536 |
275.905 |
|
|
2] Unsecured Loans |
7.713 |
6.856 |
3.347 |
|
|
TOTAL BORROWING |
262.091 |
234.392 |
279.252 |
|
|
DEFERRED TAX LIABILITIES |
0.061 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
411.428 |
324.609 |
332.494 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.914 |
2.833 |
2.584 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
34.500 |
34.500 |
3.661 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
105.731
|
161.467
|
133.565
|
|
|
Sundry Debtors |
356.990
|
204.941
|
253.533
|
|
|
Cash & Bank Balances |
22.676
|
49.689
|
2.568
|
|
|
Other Current Assets |
19.200
|
1.848
|
1.160
|
|
|
Loans & Advances |
4.732
|
2.876
|
5.888
|
|
Total
Current Assets |
509.329
|
420.821
|
396.714
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
115.050
|
100.401
|
70.890
|
|
|
Other Current Liabilities |
11.091
|
25.384
|
(1.650)
|
|
|
Provisions |
9.174
|
7.760
|
1.227
|
|
Total
Current Liabilities |
135.315
|
133.545
|
70.467
|
|
|
Net Current Assets |
374.014
|
287.276
|
326.247
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
411.428 |
324.609 |
332.494 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2826.869 |
2319.878 |
1194.692 |
|
|
|
Other Income |
306.907 |
56.311 |
18.247 |
|
|
|
TOTAL (A) |
3133.776 |
2376.189 |
1212.939 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
3052.906 |
2332.363 |
1182.824 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
80.870 |
43.826 |
30.115 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
41.366 |
20.418 |
15.784 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
39.504 |
23.408 |
14.331 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.736 |
0.432 |
0.362 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
38.768 |
22.976 |
13.969 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
13.708 |
6.002 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
25.060 |
16.974 |
13.969 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.80
|
0.71
|
1.15
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.37
|
0.99
|
1.17
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.57
|
5.42
|
3.50
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.25
|
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.76
|
2.59
|
5.24
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.76
|
3.15
|
5.63
|
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 |
Yes |
|
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 |
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 |
No |
|
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 |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U29305PN1997PTC108822 |
|
Name of the
company |
BAGH BAHAR
APPLIANCES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
29, Akshay Complex, Dhole Patil Road, Pune-411 001, Maharashtra, India Email : anildamle@rediffmail.com
|
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property |
|
Particular of
charge holder |
State Bank of India,
SME Backbay Reclamation Branch, Nariman Point, Mumbai – 400021, Maharashtra, India Email : sameeragrawal@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Agreement of Loan Cum Hypothecation |
|
Date of
instrument Creating the charge |
09/10/2012 |
|
Amount secured by
the charge |
Rs.480.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Working Capital:
Improved pricing for CC @ 3.75% above base rate (BR=10.00%), Current
effective rate is 13.75% p.a. against applicable rate of 16% Terms of
repayment Payable on Demand Margin Cash Credit Stocks = 25% Receivables
(Cover 60days) = 40% BG = 20% LC = 20% Stocks = 25% Receivables
(Cover 60days) = 40% BG = 20% LC = 20% Extent and
operation of the charge To the extent of
amount borrowed |
|
Short particulars
of the property charged |
Company's entire stock
and receivables and entire present and future current assets at Company's
godown / Showroom / rented Godown/ in transit. |
Fixed Assets
· Computer
· Generator
· Motor Car
· Printer
· Software
· U.P.S
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.54.33 |
|
|
1 |
Rs.82.55 |
|
Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
31 |
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.