MIRA INFORM REPORT
|
Report Date : |
26.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
STANDARDCON PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
339/341, Samuel Street, Rawal Chambers, 4th Floor, Mumbai –
400003, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
10.12.1998 |
|
|
|
|
Com. Reg. No.: |
11-117419 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.338 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1998PTC117419 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS27544G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Lake Colors and Food Colors |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 14000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
management of the company has failed to file its financials with the
government department for the year 2012. Mr. Javadsha H. Varaiya, Director has provided all information but the
financials are not verified. As per previous year’s record, the financial strength of the company
appeared moderate with low profitability. However, trade relations are reported as fair. Business is active.
Payments terms are unknown. The company can be considered for business dealings with some
cautions. |
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. Javadsha .H. Varaiya |
|
Designation : |
Director |
|
Contact No.: |
91-9323087138 |
|
Date : |
08.03.2013 |
LOCATIONS
|
Registered Office / Head Office : |
339/341, Samuel Street, Rawal Chambers. 4th Floor, Mumbai –
400003, Maharashtra, India |
|
Tel. No.: |
91-22-66312479 / 23428704 |
|
Mobile No.: |
91-9323087138 / 9322894067 / 9323132280 (Mr. Javadsha .H. Varaiya) |
|
Fax No.: |
91-22-23421198 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500 sq.ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. D – 14/5, Turbhe, M.I.D.C
(T.T.C) Area, Chemical – Alkali Society, Navi Mumbai , India |
|
Tel. No.: |
91-22-27633228 |
|
Area : |
7000 sq.ft |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Pravinchandra Babulal Shah |
|
Designation : |
Director |
|
Address : |
301, Bharat Apartment, 11 Juhu Lane, Andheri (west) Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
24.03.1940 |
|
Qualification: |
B S C |
|
Date of Appointment : |
10.12.1998 |
|
DIN No.: |
00181714 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Company Status |
Defaulting status |
|
1 |
L24110MH1972PLC015857 |
VIPUL DYECHEM LIMITED |
Director |
21-06-72 |
21-06-72 |
Active |
NO |
|
2 |
U51900MH1979PTC021579 |
VIP CHEM PRIVATE LIMITED |
Director |
21-08-79 |
21-08-79 |
Active |
NO |
|
3 |
U24299MH1985PLC038264 |
JAYAPRIYA CHEMICAL INDUSTRIES LIMITED |
Director |
06-12-85 |
06-12-85 |
Active |
NO |
|
4 |
U51900MH1998PTC117419 |
STANDARDCON PRIVATE LIMITED |
Director |
10-12-98 |
10-12-98 |
Active |
NO |
|
5 |
U74900MH2007PTC173873 |
SUDOKU COMMERCIAL SERVICES PRIVATE LIMITED |
Director |
14-07-10 |
14-07-10 |
Active |
NO |
|
Name : |
Ms.
Jaya Pravinchandra Shah |
|
Designation : |
Director |
|
Address : |
301, Bharat Apartment, 11 Juhu Lane, Andheri (west) Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
03.03.1942 |
|
Qualification : |
B.A |
|
Date of Appointment : |
10.12.1998 |
|
DIN No.: |
02483981 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Company Status |
Defaulting status |
|
1 |
U51900MH1979PTC021579 |
VIP CHEM PRIVATE LIMITED |
Director |
29-05-89 |
29-05-89 |
Active |
NO |
|
2 |
U24299MH1985PLC038264 |
JAYAPRIYA CHEMICAL INDUSTRIES LIMITED |
Director |
05-03-92 |
05-03-92 |
Active |
NO |
|
3 |
U51900MH1998PTC117419 |
STANDARDCON PRIVATE LIMITED |
Director |
10-12-98 |
10-12-98 |
Active |
NO |
|
4 |
U74900MH2007PTC173873 |
SUDOKU COMMERCIAL SERVICES PRIVATE LIMITED |
Director |
14-07-10 |
14-07-10 |
Active |
NO |
|
Name : |
Mr. Javadsha Hasmukhray Varaiya |
|
Designation : |
Director |
|
Address : |
Flat G – 201, 2nd Floor, Vardhmam Nagar, Dr, Rajendra
Prasad Road, Mulund (west), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
30.04.1967 |
|
Qualification: |
M. Tech |
|
Date of Appointment : |
15.01.2001 |
|
DIN No.: |
02544576 |
|
|
|
|
Name : |
Ms. Kavita Javadsha Varaiya |
|
Designation : |
Director |
|
Address : |
Flat G – 201, 2nd Floor, Vardhmam Nagar, Dr, Rajendra
Prasad Road, Mulund (west), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
13.10.1968 |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
03465277 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Kavita Javadsha Varaiya |
15000 |
|
Jaya Pravinchandra Shah |
218700 |
|
Pravinchandra Babulal Shah |
100 |
|
Total |
233800 |
AS ON 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Lake Colors and Food Colors |
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Products : |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
Tel.
No.: 91-22-23443419
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Facilities : |
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Banking
Relations : |
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Auditors : |
|
|
Name : |
A.D. Lalwani and Associates Chartered Accountants |
|
Address : |
4 – A, Ground Floor, D.T.C., Goregaonkar Lane, Attached to Central
Cinema, Charni Road (East), Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-23865363 / 23811714 |
|
Pan No.: |
AAEFA9378B |
|
|
|
|
Sister Concern : |
Vipul Dye Chem Limited Address: 339/341, Samuel
Street, Rawal Chambers. 4th Floor, Mumbai – 400003, Maharashtra,
India Line of
Business: Manufacturer and Exporter of Dyed Pigment |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
233800 |
Equity Shares |
Rs.10/- each |
Rs. 2.338
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 |
2.338 |
2.338 |
2.338 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.407 |
0.375 |
0.670 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.745 |
2.713 |
3.008 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.142 |
1.752 |
2.514 |
|
|
2] Unsecured Loans |
8.053 |
6.941 |
8.128 |
|
|
TOTAL BORROWING |
10.195 |
8.693 |
10.642 |
|
|
DEFERRED TAX LIABILITIES |
0.011 |
0.607 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13.951 |
12.013 |
13.650 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.447 |
3.871 |
4.059 |
|
|
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 |
3.812
|
1.979 |
2.876 |
|
|
Sundry Debtors |
7.098
|
5.197 |
3.648 |
|
|
Cash & Bank Balances |
0.026
|
0.040 |
0.097 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
6.032
|
4.526 |
5.185 |
|
Total
Current Assets |
16.968
|
11.742 |
11.806 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.610
|
2.301 |
1.996 |
|
|
Other Current Liabilities |
0.066
|
0.839 |
0.030 |
|
|
Provisions |
0.788
|
0.523 |
0.314 |
|
Total
Current Liabilities |
7.464
|
3.663 |
2.340 |
|
|
Net Current Assets |
9.504
|
8.079 |
9.466 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.063 |
0.125 |
|
|
|
|
|
|
|
|
TOTAL |
13.951 |
12.013 |
13.650 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
28.650 |
20.121 |
17.621 |
|
|
|
Other Income |
0.182 |
0.105 |
0.177 |
|
|
|
TOTAL (A) |
28.832 |
20.226 |
17.798 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
27.527 |
19.100 |
17.048 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
27.527 |
19.100 |
17.048 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.305 |
1.126 |
0.750 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.315 |
0.389 |
0.280 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.990 |
0.737 |
0.470 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.304 |
0.259 |
0.287 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
0.686 |
0.478 |
0.183 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.346) |
0.773 |
0.072 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
1.032 |
(0.295) |
0.111 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(0.075) |
0.220 |
0.208 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
5.716 |
3.783 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.41 |
(1.26) |
0.48 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
32.000 |
Expected Sales (2012-13) : Rs.40.000 Millions
The above information has been parted by Mr. Javadsha .H. Varaiya.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.57
|
(1.45)
|
0.62 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.39
|
2.37
|
1.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.20
|
3.06
|
1.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.17
|
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.72
|
3.20
|
3.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.27
|
3.20
|
5.04 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
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:
During the year company
is doing well. The Turnover of the company is growing steadily, with export
orders received from additional merchant exporters. As compare to last year
turnover of Rs. 20.121 Millions company has achieved Rs.28.650 Millions.
PROSPECT:
The prospects of
the company are very good. The company hopes to achieve is better results
during the ensuing year. The company has already taped LX export as well as
local market. Company is also trying to get entry into remaining international
markets with the help of various certifications like ISO, Kosher and Halal.
UNSECURED LOAN
|
Particular |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
From Director |
0.000 |
0.000 |
|
Form Other |
8.053 |
6.941 |
|
Total |
8.053 |
6.941 |
FIXED ASSETS:
- Land and
Building
- Factory
Premises
- Plant and
Machinery
- Electrical
Fitting
- Computer
- Vehicle – Car
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.54.10 |
|
|
1 |
Rs.82.47 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.