MIRA INFORM REPORT
|
Report Date : |
30.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
STG HEATING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Hiji Baug, T. J. Road, Behind Balmer Lawrie and Company, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
22.04.2009 |
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|
|
|
Com. Reg. No.: |
11-191920 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29268MH2009PTC191920 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS6344E |
|
|
|
|
Legal Form : |
Private limited liability company |
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|
|
|
Line of Business
: |
Trader, Exporter and Importer of Oil, Gas Fired Steam Boilers etc |
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|
|
|
No. of Employees
: |
54 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 80000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Latest financial data for 2013 are not available. There appears some
dip in the profitability of the company during 2012. However, networth appears to be satisfactory. Trade relations are
reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal for business dealings at usual
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.
INDIAN ECONOMIC OVERVIEW
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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. Naresh Darji |
|
Designation : |
Deputy General Manager (Accounts) |
|
Contact No.: |
91-22-24184009 |
|
Date : |
28.09.2013 |
|
Name : |
Mr. Girish |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-24184009 |
|
Date : |
28.09.2013 |
LOCATIONS
|
Registered Office/ Head Office : |
Hiji Baug, T. J. Road, Behind Balmer Lawrie and Company, |
|
Tel. No.: |
91-22-24184009 |
|
Fax No.: |
91-22-24175858 |
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E-Mail : |
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|
Website : |
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|
Area : |
1500 sq. ft. (approximately) |
|
Location : |
Owned |
|
|
|
|
Branch Office: |
10, Avatar Enclave, 2nd Floor, Near shamrock Bells, Ring Road,
Paschim Vihar, New Delhi-110 063, |
|
Tel. No.: |
91-11-25277051/25273453 |
|
Fax No.: |
91-11-25273453 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Mahasukhlal Popatlal Shah |
|
Designation : |
Director |
|
Address : |
17, Sharda, |
|
Date of Birth/Age : |
19.05.1937 |
|
Date of Appointment : |
22.04.2009 |
|
DIN No.: |
00073676 |
|
|
|
|
Name : |
Mr. Ajay Narrottam Tanna |
|
Designation : |
Managing Director |
|
Address : |
Mumbai Middle Class CHS, Gope Niwas, 32-275, Sion (East), Mumbai-400
022, |
|
Date of Birth/Age : |
01.05.1965 |
|
Date of Appointment : |
01.07.2009 |
|
DIN No.: |
01302100 |
|
|
|
|
Name : |
Mr. Rohan Mahasukh Shah |
|
Designation : |
Director |
|
Address : |
18, Owner’s Court, 4th Floor, |
|
Date of Birth/Age : |
31.12.1974 |
|
Date of Appointment : |
22.04.2009 |
|
DIN No.: |
01533484 |
|
|
|
|
Name : |
Mr. Ashok Narottam Tanna |
|
Designation : |
Director |
|
Address : |
Mumbai Middle Class CHS, Gope Niwas, Sion (East), Mumbai-400 022, |
|
Date of Birth/Age : |
10.05.1964 |
|
Date of Appointment : |
22.04.2009 |
|
DIN No.: |
01584634 |
|
|
|
|
Name : |
Mr. Narayan Sagri karanth |
|
Designation : |
Director |
|
Address : |
25F, Nivedita Enclave, Paschim Vihar, Delhi – 1110163, India |
|
Date of Appointment : |
01.01.2012 |
|
DIN No.: |
05173015 |
KEY EXECUTIVES
|
Name : |
Mr. Naresh Darji |
|
Designation : |
Deputy General Manager (Accounts) |
|
|
|
|
Name : |
Mr. Girish |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Narottam Shah |
|
25000 |
|
Ajay Narrottam Shah |
|
25000 |
|
Rohan Mahasukh Shah |
|
25000 |
|
M. P. Shah |
|
25000 |
|
Total |
|
100000 |
As on: 30.04.2012
|
Names of Allottees |
|
No. of Shares |
|
Rohan M Shah |
|
225000 |
|
Mahasukhlal Popatlal Shah |
|
225000 |
|
Ashok Narottam Tanna |
|
225000 |
|
Ajay Narrottam Tanna |
|
225000 |
|
Total |
|
900000 |
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 : |
Trader, Exporter and Importer of Oil, Gas Fired Steam Boilers etc |
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Products : |
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Exports : |
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Products : |
Oil, Gas Fired Steam Boilers etc |
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Countries : |
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Imports : |
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Products : |
Oil, Gas Fired Steam Boilers etc |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
54 (Approximately) |
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Bankers : |
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Facilities : |
B. G.
: Rs.10.000 Millions (From The Saraswat Company Operative Bank
Limited) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
C M Gabhawala and Company Chartered Accountants |
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Address : |
42,Nanik Nivas, 30, Dr. D D Sathe Marg, Girgaum, Mumbai-400 006, |
||||||||||||||||
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Tel. No.: |
91-22-23880101/23823923 |
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Fax No.: |
91-22-23850931 |
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E-Mail : |
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PAN No.: |
AAAFC1255D |
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Subsidies : |
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Associates : |
CIN
No.: U29268MH2010PTC201717
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Other Related Parties: |
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CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
As on: 31.03.2012
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 |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1.000 |
0.100 |
|
(b) Reserves & Surplus |
|
18.905 |
12.837 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
19.905 |
12.937 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.044 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.286 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.286 |
0.044 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
9.548 |
14.774 |
|
(b) Trade
payables |
|
37.857 |
33.373 |
|
(c) Other
current liabilities |
|
15.323 |
6.840 |
|
(d) Short-term
provisions |
|
11.404 |
2.220 |
|
Total Current
Liabilities (4) |
|
74.132 |
57.207 |
|
|
|
|
|
|
TOTAL |
|
94.323 |
70.188 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
0.887 |
0.793 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.028 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.025 |
2.537 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
7.604 |
0.025 |
|
(e) Other
Non-current assets |
|
0.015 |
0.022 |
|
Total Non-Current
Assets |
|
8.559 |
3.377 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
38.530 |
36.940 |
|
(c) Trade
receivables |
|
32.834 |
21.455 |
|
(d) Cash
and cash equivalents |
|
8.501 |
4.485 |
|
(e)
Short-term loans and advances |
|
5.891 |
3.923 |
|
(f) Other
current assets |
|
0.008 |
0.008 |
|
Total
Current Assets |
|
85.764 |
66.811 |
|
|
|
|
|
|
TOTAL |
|
94.323 |
70.188 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.016 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.116 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
3.200 |
|
|
TOTAL BORROWING |
|
|
3.200 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.316 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.010 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
2.537 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
Other Non-Current Assets |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.663 |
|
|
Cash & Bank Balances |
|
|
0.871 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.982 |
|
Total
Current Assets |
|
|
2.516 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.871 |
|
|
Other Current Liabilities |
|
|
0.907 |
|
|
Provisions |
|
|
0.008 |
|
Total
Current Liabilities |
|
|
1.786 |
|
|
Net Current Assets |
|
|
0.730 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.039 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.316 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operation |
195.501 |
122.080 |
|
|
|
|
Other Income |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
3.761 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
3.736 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.682 |
18.169 |
0.025 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
0.286 |
0.054 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
8.396 |
18.115 |
0.024 |
|
|
|
|
|
|
|
|
|
|
TAX |
2.328 |
5.295 |
0.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.068 |
12.820 |
0.016 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Received and Export |
3.203 |
16.125 |
0.000 |
|
|
TOTAL EARNINGS |
3.203 |
16.125 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
60.68 |
1282.03 |
3.05 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
0.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.91
|
26.78 |
0.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42
|
1.40 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.48
|
1.14 |
27.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16
|
1.17 |
1.41 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT
MATURITIES OF LONG-TERM DEBT: 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 |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
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 |
UNSECURED LOANS :
|
Particulars |
As on 31.03.2012 Rs. in Millions |
As on 31.03.2011 Rs. in Millions |
|
|
|
|
|
Loans and advances from related parties |
9.548 |
14.774 |
|
Total |
9.548 |
14.774 |
CONTINGENT LIABILITY
(AS ON 31.03.2012) :
The company has contingent liability of Rs.8.000 Millions for the bank
guarantee.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U29268MH2009PTC191920 |
|
Name of the company |
STG HEATING PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Hiji Baug, T. J. Road, Behind Balmer Lawrie and Company, Opposite Sunder Tower, Sewri (West), Mumbai-400 015, Maharashtra, India E-mail id : indrajit@s-tgroup.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of charge holder |
The Saraswat Company Operative Bank Limited, Dadar, Mumbai-400 028, Maharashtra, India E-mail id : incharge_rasecdadar@saraswatbank.com |
|
Nature of instrument creating charge |
Agreement of Hypothecation of Vehicle. |
|
Date of instrument Creating the charge |
25.06.2012 |
|
Amount secured by the charge |
Rs.0.514 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest @10.50%p.a Terms of Repayment On demand and if not demanded earlier, by 36 monthly installment of Rs. 0.017 Million p.m. Margin 9% Extent and Operation of the charge The Charge will operate to the extent of Rs.0.514 Millions on the security offered by the Company. |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
The Borrower hereby hypothecates in the favour of Bank the said vehicle to be purchased i.e. Swift LXI. |
TRADE REFERENCES
- Dev Traders
- Britannia Limited
FIXED ASSETS:
- Computer and Peripherals
- Motor car
- Office Equipments
- Furniture and Fittings
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.61.46 |
|
|
1 |
Rs.98.99 |
|
Euro |
1 |
Rs.84.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
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.