MIRA INFORM REPORT
|
Report Date : |
21.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
PREMIUM EBUSINESS VENTURE PRIVATE LIMITED (w.e.f. 07.09.2012) |
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Formerly Known
As : |
PREMIUM HITECH METALS PRIVATE LIMITED |
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Registered
Office : |
42, Navketan Industrial Estate, Mahakali Caves Road, Andheri (East),
Mumbai – 400093, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
28.11.1990 |
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Com. Reg. No.: |
11-059206 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U74999MH1990PTC059206 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing E-Business, E-Venture Services. |
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No. of Employees
: |
37 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Mr. Ashish Jain, the finance controller has confirmed that subject was
started with the name “Premium Hitech Metals Private Limited” and was engaged
in the business of commercial dealing. And later in the year September, 2012 the company changed its name to
“PREMIUM EBUSINESS VENTURE PRIVATE LIMITED”. And also diversified its business activity into proving e- business
services. Mr. Ashish Jain also confirmed that till date they have not started it
activity due to no orders. As per the available financial of 2012. There appears some accumulated
losses. However, business is active. Payments terms are unknown. The company can be considered for business dealings on a safe and
secured trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 (GENERAL INFORMATION)
|
Name : |
Mr. Ashish Jain |
|
Designation : |
Finance Controller |
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Contact No.: |
91-22-66756001 |
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Date : |
21.05.2013 |
LOCATIONS
|
Registered Office : |
42, Navketan Industrial Estate, Mahakali Caves Road, Andheri (East),
Mumbai – 400093, Maharashtra, India |
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Tel. No.: |
91-22-66756001 |
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Fax No.: |
91-22-6694506 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As on: 06.08.2012
|
Name : |
Mr. Haresh Rangildas Mehta |
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Designation : |
Director |
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Address : |
401/402, Juhu, Mamata Apartment, Co-Operative Society Limited, JVPD Scheme, Dr. A. B. Nair Road, Mumbai – 400049, Maharashtra, India |
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Date of Birth/Age : |
15.07.1961 |
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Date of Appointment : |
28.11.1990 |
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DIN No.: |
00291788 |
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Name : |
Prassana Haresh Mehta |
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Designation : |
Director |
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Address : |
401/402, Juhu, Mamata Apartment, Co-Operative Society
Limited, JVPD Scheme, Dr. A. B. Nair Road, Mumbai – 400049, Maharashtra,
India |
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Date of Birth/Age : |
25.09.1965 |
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Date of Appointment : |
28.11.1990 |
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DIN No.: |
00298818 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Jain |
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Designation : |
Finance Controller |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 06.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Haresh Rangildas Mehta |
|
500 |
|
Prassana Haresh Mehta |
|
500 |
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Total |
|
1000 |
Equity Share Break up (Percentage of Total Equity)
As on: 06.08.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing E-Business, E-Venture Services. |
GENERAL INFORMATION
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Customers : |
Corporate Individuals |
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No. of Employees : |
37 (Approximately) |
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Bankers : |
HDFC Bank, Andheri Branch, Mumbai, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Dalal Doctor and Associates Chartered Accountant |
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Address : |
305, T. V. Estate, S.K. Ahire Marg, Worli, Mumbai – 400030,
Maharashtra, India |
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Tel. No.: |
91-22-66625050/ 66627891/ 66627892 |
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Fax No.: |
91-22-66627890 |
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PAN.: |
AACFD9379H |
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Associates/Subsidiaries : |
·
Blyth Metals India Private limited ·
Premium Investment ·
Premium Metal India LLP |
CAPITAL STRUCTURE
After 06.08.2012
Authorised Capital : Rs. 15.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 0.100
Million
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs.100/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1000 |
Equity Shares |
Rs.100/-
each |
Rs. 0.100
Million |
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The company has only one class of shares referred to as equity shares having a par value of Rs.100/-. Each holder of equity
The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholders.
The details of
shareholder holding more than 5% shares
|
Name of the
shareholder |
Number of Shares |
% held |
|
Haresh Rangildas Mehta |
500 |
50.00 |
|
Prassana Haresh Mehta |
500 |
50.00 |
|
Total |
1000 |
100.00 |
The reconciliation of
the number of shares outstanding and the amount of share capital
|
Particulars |
No. of shares |
Amount in Millions |
|
Number of shares at the beginning |
1000 |
0.100 |
|
Add: Shares issued during the year |
- |
- |
|
Number of shares at
the end |
1000 |
0.100 |
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 |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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|
4] (Accumulated Losses) |
(2.911) |
(2.894) |
(2.864) |
|
|
NETWORTH |
(2.811) |
(2.794) |
(2.764) |
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|
LOAN FUNDS |
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|
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
2.811 |
2.791 |
2.771 |
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TOTAL BORROWING |
2.811 |
2.791 |
2.771 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
0.000 |
(0.003) |
(0.007) |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
0.000
|
0.000 |
0.000 |
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|
Cash & Bank Balances |
0.018
|
0.000 |
0.000 |
|
|
Other Current Assets |
0.000
|
0.019 |
0.029 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
0.018
|
0.019 |
0.029 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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|
Sundry Creditors |
0.018
|
0.022 |
0.022 |
|
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Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.018
|
0.022 |
0.022 |
|
|
Net Current Assets |
0.000
|
(0.003) |
0.007 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
0.000 |
(0.003) |
(0.007) |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
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Income |
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Other Income |
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TOTAL |
NA |
NA |
NA |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
NA |
NA |
NA |
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NET LOSS |
(0.017) |
(0.030) |
(0.032) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
(1.00)
|
(1.00) |
(1.00) |
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Current Ratio (Current Asset/Current Liability) |
|
1.00
|
0.86 |
1.32 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs
in Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Creditors for expenses |
0.018
|
0.022 |
0.022 |
|
Total |
0.018
|
0.022 |
0.022 |
|
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 |
No |
|
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 |
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 |
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 |
No |
FINANCIALS RESULTS
The company has incurred a loss of Rs. 0.017
Million during the year ans the same has been carried forward to the Balance
Sheet.
UNSECURED LOAN
(Rs in Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Loan from directors |
2.811 |
2.791 |
|
Total |
2.811 |
2.791 |
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. 55.04 |
|
|
1 |
Rs. 83.61 |
|
Euro |
1 |
Rs. 70.68 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
UDS |
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 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
12 |
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.