MIRA
INFORM REPORT
|
Report Date : |
29.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
SYRMA TECHNOLOGY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 601, 6th Floor, Floral Deck Plaza, MIDC, Andheri
(East), Mumbai – 400093, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.08.2004 |
|
|
|
|
Com. Reg. No.: |
11-148165 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.75.250 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH2004PTC148165 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS45407F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS5745D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Information Technology Products. |
|
|
|
|
No. of Employees
: |
800 (Approximately) |
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 780000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Management has filed the latest financials of 2012 as well as 2013 with
the government department, but the same are not available with us. As per available of 2011, the company has recorded a healthy growth in
its sale turnover. However, trade relations are fair. Business is active. Payment terms
are unknown. The company can be considered 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International Finance
Corporation expects to come out with its rupee linked bonds issue before the
end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs
41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched
in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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. Anand Rajan |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-44-22628600 |
|
Date : |
27.11.2013 |
LOCATIONS
|
Registered Office : |
Unit No. 601, 6th Floor, Floral Deck Plaza, MIDC, Andheri
(East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-40363000 |
|
Fax No.: |
91-22-28291176 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.B27, Phase II, Zone B, MEPZ-SEZ, Tambaram, Chennai – 600045,
Tamilnadu, India |
|
Tel. No.: |
91-44-22628600 |
|
Fax No.: |
91-44-22628612 |
|
|
|
|
Overseas Offices : |
Located at ·
United States ·
Europe ·
Singapore |
DIRECTORS
(AS ON 25.09.2013)
|
Name : |
Mr. Sandeep Tandon |
|
Designation : |
Director |
|
Address : |
37, Merry Niketan, Mount Mary Road, Bandra (West), Mumbai- 400050,
Maharashtra, India |
|
Date of Birth/Age : |
17.05.1969 |
|
Date of Appointment : |
29.12.2004 |
|
DIN No.: |
00054553 |
|
|
|
|
Name : |
Mr. Vasu Thirumalai |
|
Designation : |
Director |
|
Address : |
A-603, Cascade Vasant Oscar, LBS Marg, Mulund (West), Mumbai –
400080, Maharashtra, India |
|
Date of Birth/Age : |
02.03.1944 |
|
Date of Appointment : |
29.11.2007 |
|
DIN No.: |
00311691 |
|
|
|
|
Name : |
Mr. Vikram Chopra |
|
Designation : |
Whole Time Director |
|
Address : |
1702, Glen Classic Cliff Avebnue, Hiranandani Gardens, Powai, Mumbai –
400076, Maharashtra, India |
|
Date of Birth/Age : |
15.01.1969 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
00311827 |
|
Email : |
KEY EXECUTIVES
|
Name : |
Mr. Narendra Kumar Nagori |
|
Designation : |
Secretary |
|
Address : |
B-14, Building No. 5, Nalanda, Mittal Enclave, Naigaon East, Vasai,
Thane – 401202, Maharashtra, India |
|
Date of Birth/Age : |
07.02.1983 |
|
Date of Appointment : |
18.06.2010 |
|
PAN No.: |
AFSPN5761Q |
|
|
|
|
Name : |
Mr. Anand Rajan |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 25.09.2013)
|
Names of Shareholders (Equity) |
|
No. of Shares |
|
|
|
|
|
Veena Kumari Tandon |
|
2100 |
|
Tancom Electronics Private Limited, India |
|
522900 |
|
|
|
|
|
Total |
|
525000 |
|
|
||
|
Names of Shareholders (Preferences) |
|
No. of Shares |
|
|
|
|
|
Tancom Electronics Private Limited, India |
|
700000 |
|
|
|
|
|
Total |
|
700000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
99.60 |
|
Directors or relatives of Directors |
|
0.40 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Information Technology Products. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
||||||||||||
|
|
|
||||||||||||
|
Exports : |
|
||||||||||||
|
Products : |
Finished Goods |
||||||||||||
|
Countries : |
· Asian Countries · European Countries |
||||||||||||
|
|
|
||||||||||||
|
Imports : |
|
||||||||||||
|
Products : |
Raw Materials |
||||||||||||
|
Countries : |
China |
||||||||||||
|
|
|
||||||||||||
|
Terms : |
|
||||||||||||
|
Selling : |
L/C and Credit |
||||||||||||
|
|
|
||||||||||||
|
Purchasing : |
L/C and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
|
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Magnetic Coils and Coil Subassemblies |
|
Nos. |
20000000 |
13137605 |
|
Memory Devices |
|
Nos. |
Not specified |
2223784 |
|
Antenna |
|
Nos. |
80000 |
78,075 |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
800 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· State Bank of India SME Guindy
Branch, 65-A, G.S.T Road, Chennai – 600032, Tamilnadu, India Contact No.:
91-44-22501016 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. Subramanian and Company Chartered Accountants |
|
Address : |
New No. 6 (36), Krishnaswamy Avenue, Mylapore Luz, Chennai - 600004, Tamilnadu, India |
|
PAN No.: |
AAAFR0602F |
|
|
|
|
Holding Company : |
Tancom Electronics Private Limited CIN No. U32107MH1988PTC047729 |
|
|
|
|
Related Parties : |
· Syrmatech Singapore Pte. Limited, Singapore · Tancom Electronics Private Limited · Crucible Trading Company Private Limited · Fondue Trading Company Limited · Memory Electronics Private Limited · 3G Wireless Communications Private Limited · Reliable Consultancy Services Private Limited · Syrma Services and Solutions Private Limited · Tandon Advance Devices Private Limited · Tandon Information Solutions Private Limited · S. T. Holdings Private Limited ·
Tandon Holdings Limited |
CAPITAL STRUCTURE
AS ON 25.09.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 Millions |
|
900000 |
Preferences Shares |
Rs.100/- each |
Rs.90.000 Millions |
|
|
|
|
|
|
|
Total
|
|
Rs.125.000
Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
525000 |
Equity Share |
Rs.10/- each |
Rs.5.250 Millions |
|
700000 |
Preferences Shares |
Rs.100/- each |
Rs.70.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.75.250
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 |
75.250 |
75.250 |
75.250 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
119.492 |
82.366 |
59.489 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
194.742 |
157.616 |
134.739 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
266.327 |
203.185 |
91.077 |
|
|
2] Unsecured Loans |
142.115 |
69.976 |
9.200 |
|
|
TOTAL BORROWING |
408.442 |
273.161 |
100.277 |
|
|
DEFERRED TAX LIABILITIES |
11.392 |
8.890 |
6.598 |
|
|
|
|
|
|
|
|
TOTAL |
614.576 |
439.667 |
241.614 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
152.324 |
129.429 |
108.515 |
|
|
Capital work-in-progress |
0.550 |
5.225 |
13.731 |
|
|
|
|
|
|
|
|
INVESTMENT |
11.000 |
1.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
364.733
|
216.741 |
118.490 |
|
|
Sundry Debtors |
558.933
|
472.800 |
124.123 |
|
|
Cash & Bank Balances |
47.702
|
84.827 |
17.503 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
107.282
|
82.124 |
49.416 |
|
Total
Current Assets |
1078.650
|
856.492 |
309.532 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
538.346 |
483.200 |
150.190 |
|
|
Other Current Liabilities |
57.550
|
45.403 |
20.643 |
|
|
Provisions |
32.052
|
23.876 |
19.331 |
|
Total
Current Liabilities |
627.948
|
552.479 |
190.164 |
|
|
Net Current Assets |
450.702
|
304.013 |
119.368 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
614.576 |
439.667 |
241.614 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
1968.900 |
1487.700 |
1061.200 |
|
|
|
Other Income |
NA |
NA |
33.335 |
|
|
|
TOTAL (A) |
NA |
NA |
1094.535 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
1034.055 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
71.692 |
60.480 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
31.412 |
15.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
40.280 |
45.441 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
9.841 |
5.844 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
47.232 |
30.439 |
39.597 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.106 |
7.562 |
13.944 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
37.126 |
22.877 |
25.653 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
57.616 |
34.739 |
9.086 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
94.742 |
57.616 |
34.739 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1119.600 |
431.766 |
955.452 |
|
|
TOTAL EARNINGS |
1119.600 |
431.766 |
955.452
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
848.321 |
661.310 |
670.390 |
|
|
TOTAL IMPORTS |
848.321 |
661.310 |
670.390 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
53.04 |
32.68 |
38.68 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
2000.000 |
The above information has been parted by Mr. Anand Rajan.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
2.34 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
3.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.84
|
3.09 |
9.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.19 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.32
|
5.24 |
2.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72
|
1.55 |
1.63 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY OF
LONG TERM BORROWINGS DETAIL: NOT AVAILABLE
|
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 |
Yes |
|
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 |
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 |
UNSECURED LOAN
|
Particulars |
31.03.2011 (Rs. In Millions) |
31.03.2010 (Rs. In Millions) |
|
|
|
|
|
Other Debt |
142.115 |
69.976 |
|
|
|
|
|
Total |
142.115 |
69.976 |
NOTE:
The registered office address has been shifted
from “C – 1, Udyog Sadan 3, MIDC Central Road, Andheri (East), Mumbai –
400 093, Maharashtra, India” to the present address w.e.f. 17.07.2012
PERFORMANCE REVIEW
The Company continued to record a strong growth in its sales. During the year the Company had achieved a turnover of Rs.1968.900 Millions as compared to Rs.1487.700 Millions in the previous year, registering a growth of about 22.44%. The profit before tax for the year amounted to Rs.47.200 Millions as against Rs.30.400 Millions in the previous year, registering a increase of about 55.16%, while the net profit amounted to Rs.37.100 Millions as compared to Rs.22.800 Millions in the previous year.
CONTINGENT LIABILITY:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Letter of Credit facility from Bank |
115.296 |
243.182 |
|
Corporate Guarantees given by the company for the loans taken by others from Scheduled Banks/Financial Institutions |
313.700 |
101.236 |
|
Bank guarantees from scheduled banks |
139.690 |
123.765 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/ Modification |
Charge Amount
Secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10063394 |
24/04/2012 * |
527,000,000.00 |
State Bank of India |
SME GUINDY BRANCH,
65-A, G.S.T ROAD, CHENNAI, TAMILNADU - 600032, INDIA |
B39356357 |
* Date of charge modification
FIXED ASSETS
· Building
· Plant and Machinery
· Office Equipment
· Computers
· Furniture and Fittings
· Vehicles
· Electrical Fittings and Installation
· Computer Software
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.62.45 |
|
|
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
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 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.