MIRA INFORM REPORT
|
Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUKHESH MARKETING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2235 A-Miraj Pandharpur Road, Near Maharashtra State, Warehou-Sing, Corporation
Malegaon-416407, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.06.2005 |
|
|
|
|
Com. Reg. No.: |
11-154186 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2005PTC154186 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of all types of Polymers |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as a proprietary concern in the year 1953.
“Sukesh Marketing” and later it got converted in to private limited in the
year 2005. As confirmed by Mr. Urmin Parkh, Director that the company has
recently commenced its commercial operation during December 2012 as a private
limited company. Trade relations are reported to be improving. Business is
active. Payments are reported to be slow. The company can be considered for business dealings on a secured 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) |
|
India |
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 |
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
|
Name : |
Mr. Urmish Parekh |
|
Designation : |
Director |
|
Contact No.: |
91-22-28464618 |
|
Date : |
25.03.2013 |
LOCATIONS
|
Registered Office : |
2235 A-Miraj Pandharpur Road, Near Maharashtra State, Warehou-Sing,
Corporation Malegaon-416407, Maharashtra, India |
|
Tel. No.: |
91-22-28464618 |
|
Mobile No.: |
91-9370023792 (Mr. Urmish Parekh) |
|
Fax No.: |
91-22-28464617 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
432, Gundecha Industrial Complex, Akurli Road, Kandivali (East), Mumbai-400101,
Maharashtra, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Kushaldas Mangaldas Parekh |
|
Designation : |
Director |
|
Address : |
Flat No. 201, Shivalaya Tower, Thakur Complex, 90, D.P. Road, Kandivali
(East), Mumbai -400101, Maharashtra, India |
|
Date of Birth/Age : |
28.09.1955 |
|
Date of Appointment : |
23.06.2005 |
|
DIN No.: |
02613156 |
|
|
|
|
Name : |
Mr. Rajesh Balwantrai Parekh |
|
Designation : |
Director |
|
Address : |
D-403,Kanakia Samarpan, western Express Highway, Borivali
(East),Mumbai-400066, Maharashtra, India |
|
Date of Birth/Age : |
02.03.1956 |
|
Date of Appointment : |
23.06.2005 |
|
Date of Cessation : |
31.03.2012 |
|
DIN No.: |
02613148 |
|
|
|
|
Name : |
Mr. Urmish Khushaldas Parekh |
|
Designation : |
Director |
|
Address : |
Flat No. 201, Shivalaya Tower, Thakur Complex, 90, D.P. Road,
Kandivali (East), Mumbai -400101, Maharashtra, India |
|
Date of Birth/Age : |
16.10.1981 |
|
Date of Appointment : |
23.06.2005 |
|
Date of Cessation : |
01.05.2012 |
|
DIN No.: |
02613100 |
|
|
|
|
Name : |
Mr. Yogesh Balwantrai Parekh |
|
Designation : |
Director |
|
Address : |
603, Krishna Height, Mathurdas Road, Extension, Kandivali (West), Mumbai-400067,
Maharashtra, India |
|
Date of Birth/Age : |
14.10.1960 |
|
Date of Appointment : |
23.06.2005 |
|
DIN No.: |
02613093 |
|
|
|
|
Name : |
Ms. Dipti Yogesh Parekh |
|
Designation : |
Director |
|
Address : |
603, Krishna Height, Mathurdas Road, Extension, Kandivali (West),
Mumbai-400067, Maharashtra, India |
|
Date of Birth/Age : |
07.09.1960 |
|
Date of Appointment : |
23.06.2005 |
|
Date of Cessation : |
31.03.2012 |
|
DIN No.: |
02613799 |
|
|
|
|
Name : |
Ms. Bharti Rajesh Parekh |
|
Designation : |
Director |
|
Address : |
D-403,Kanakia Samarpan, western Express Highway, Borivali
(East),Mumbai-400066, Maharashtra, India |
|
Date of Birth/Age : |
08.05.1958 |
|
Date of Appointment : |
23.06.2005 |
|
Date of Cessation : |
31.03.2012 |
|
DIN No.: |
02613182 |
|
|
|
|
Name : |
Ms. Jayshree Khushaldas Parekh |
|
Designation : |
Director |
|
Address : |
Flat No. 201, Shivalaya Tower, Thakur Complex, 90, D.P. Road, Kandivali
(East), Mumbai -400101, Maharashtra, India |
|
Date of Birth/Age : |
11.02.1955 |
|
Date of Appointment : |
23.06.2005 |
|
Date of Cessation : |
31.03.2012 |
|
DIN No.: |
02613163 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Urmish Parekh |
1000 |
|
Kushaldas Parekh |
1000 |
|
Rajesh Parekh |
1000 |
|
Yogesh Parekh |
4000 |
|
Jayshree Parekh |
1000 |
|
Dipti Parekh |
1000 |
|
Bharti Parekh |
1000 |
|
TOTAL
|
10000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of all types of Polymers |
|
|
|
|
Exports : |
|
|
Products : |
Polymers |
|
Countries : |
|
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|
Imports : |
|
|
Products : |
Polymers |
|
Countries : |
|
|
|
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|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
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No. of Employees : |
10 (Approximately) |
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|
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|
Bankers : |
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|
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|
Banking
Relations : |
-- |
|
|
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|
Auditors : |
|
|
Name : |
Girish M Balekundari Chartered Accountant |
|
Address : |
201, Bandr Arcade, National Library Road, Bandra (West),
Mumbai-400050, Maharashtra, India |
|
Tel. No.: |
91-22-26416075 |
|
PAN No.: |
AADPB0176B |
CAPITAL STRUCTURE
AS ON 31.03.2011
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 |
|
|
|
|
|
|
35000 |
Equity Shares |
Rs.10/- each |
Rs. 0.350
Million |
|
Less |
Calls in Arrears |
|
Rs. 0.250 Million |
|
|
TOTAL |
|
Rs. 0.100
Million |
AS ON 30.09.2011
Authorised Capital : Rs. 110.000
Millions
Issued, Subscribed & Paid-up Capital : Rs. 110.000 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(0.027) |
(0.023) |
(0.018) |
|
|
NETWORTH |
0.073 |
0.077 |
0.082 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.073 |
0.077 |
0.082 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.005
|
0.005 |
0.005 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.065
|
0.065 |
0.065 |
|
Total
Current Assets |
0.070
|
0.070 |
0.070 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.009
|
0.008 |
0.006 |
|
Total
Current Liabilities |
0.009
|
0.008 |
0.006 |
|
|
Net Current Assets |
0.061
|
0.062 |
0.064 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.012 |
0.015 |
0.018 |
|
|
|
|
|
|
|
|
TOTAL |
0.073 |
0.077 |
0.082 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
0.005 |
0.005 |
0.005 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(0.005) |
(0.005) |
(0.005) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(0.005) |
(0.005) |
(0.005) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(0.023) |
(0.018) |
(0.013) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(0.028) |
(0.023) |
(0.018) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.14) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.14)
|
(7.14) |
(7.14) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.07)
|
(0.06) |
(0.06) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.78
|
8.75 |
11.67 |
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) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
|
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 |
OPERATION
Company is a Dormant and no activity has been carried out
FORM 8
|
Corporate
identity number of the company |
U51909MH2005PTC154186 |
|
Name of the
company |
SUKHESH MARKETING
PRIVATE LIMITED UKHESH |
|
Address of the registered
office or of the principal place of
business in |
2235 A-Miraj Pandharpur Road, Near Maharashtra State, Warehou-Sing,
Corporation Malegaon-416407, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
IDBI Bank Limited, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai-400005, Maharashtra, India |
|
Nature of
instrument creating charge |
Loan Cum - Hypothecation
Agreement Entire current
assets of the company including Stock and Book Debts. Stock of the
company lying at Godown No.232/236, Nirmal Ware House, Opposite TCI Petrol
Pump, OLD Mumbai Agra Road, Purna Village, Bhiwandi, Thane-42130 |
|
Date of
instrument Creating the charge |
03.12.2012 |
|
Amount secured by
the charge |
Rs. 200.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Cash Credit of Rs
30.000 Millions @ 14.00 p.a% LC/BC/BG of
Rs.170.000 Millions @ 2.0% p.a. on commission basis. Terms of repayment Cash Credit Of
Rs. 30.000 Millions for 12 months which can be reviewed/renewed on demand at BBR plus premium currently
equivalent to 14 p.a% LC/BC:- Usance
Tenure Of 90 days with validity of 1 Year BG:- 36 Months
including claim period of 12 Months Margin Bifurcation of
30.000 Millions:- 1. 25% against
Stock 2. 40% Book Debts
up to 90 days Bifurcation of
170.000 Millions:- 1. 10% against
Letter Credit Facility (LC) OR 10% against Buyers Credit Facility
(BC) OR 10% against Bank Guarantee Facility (BG)
. Extent and operation of the charge 1. Letter of
Credit Facility (LC) of Rs 170.000 Millions at the commission of 1.5
p.a% OR 2. Buyers Credit
Facility (BC) of Rs 170.000 Millions at the commission of 1.75 p.a% OR 3. Bank Guarantee
Facility (BG) of Rs. 170.000 Millions at the commission of 2.00 p.a% |
|
Short particulars
of the property charged (Including location of the property) |
Stock of the
company lying at Godown No.232/236, Nirmal Ware House, Opposite TCI Petrol
Pump, OLD Mumbai Agra Road, Purna Village, Bhiwandi, Thane-421302 and various
other places of the company. Book debts of the
company. |
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. 53.33 |
|
|
1 |
Rs. 82.55 |
|
Euro |
1 |
Rs. 70.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
11 |
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.