MIRA INFORM REPORT
|
Report Date : |
26.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SANDY MACHINERY AND TOOLS COMPANY PRIVATE LIMITED (W.E.F-01.09.2004) |
|
|
|
|
Formerly Known
as: |
SANDY EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.456, Udyog Vihar, Phase – V, Gurgaon- 122016, Haryana |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
24.02.1995 |
|
|
|
|
Com. Reg. No.: |
042058 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.14.283 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899HR1995PTC042058 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and Importer of Angle Grinder, Electric sander, Marble
Cutter, Electric Blower. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 110000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file its financial for the
year 2013 with the government department. As per available financial (2012), Reserves of the company seems to be
low. However, trade relations are reported to be fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealing 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank Goldman
Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1 million
Indian tourists in 2012), Thailand (one million), the United Arab Emirates
().98 million) and Malaysia ().82 million) emerged as the preferred holidays
hotspots for Indians. The total figure is expected to increase to 1.93 million
by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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. Chander Yadav |
|
Designation : |
Sales Manager |
|
Contact No.: |
91-8130695818 |
|
Date : |
24.04.2014 |
LOCATIONS
|
Registered Office : |
No.456, Udyog Vihar, Phase – V, Gurgaon, Haryana- 122016.India |
|
Tel. No.: |
91-124-4671301 |
|
Fax No.: |
91-124-4671399 |
|
E-Mail : |
|
|
|
|
|
Website : |
|
|
Location : |
Rented |
|
Area : |
Industrial |
|
|
|
|
Factory : |
U.S.Udham Nagar, Bhagat, Kashipur |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Sanjay Kumar Keshary |
|
Designation : |
Managing Director |
|
Address : |
N-2/8, DLF Phase-II, Jacarnanda Marg, Gurgaon-122002 Haryana |
|
Date of Appointment : |
15.03.2000 |
|
DIN No.: |
00219919 |
|
|
|
|
Name : |
Mr. Sanjay Kumar Aggarwal |
|
Designation : |
Director |
|
Address : |
3/116, Karan Street, Vishwas Nagar, Shahdara, Delhi-110032 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00232129 |
|
|
|
|
Name : |
Mr. Himmat Singh Yadav |
|
Designation : |
Director |
|
Address : |
1796-B-1, Vansant Kunj, New Delhi-110070 |
|
Date of Appointment : |
25.06.2007 |
|
|
|
|
Name : |
Ms. Sristy Keshary |
|
Designation : |
Director |
|
Address : |
N-2/8, DLF Phase-II, Jacarnanda Marg, Gurgaon-122002, Haryana |
|
Date of Birth/Age : |
24.09.1975 |
|
Date of Appointment : |
15.02.2010 |
|
DIN No.: |
02960226 |
KEY EXECUTIVES
|
Name : |
Mr. Chander Yadav |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mr. Sanjay Kumar Keshary |
|
1428349 |
|
Mr. Sanjay Kumar Aggarwal |
|
1 |
|
Total |
|
1428350 |
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 : |
Manufacture and Importer of Angle Grinder, Electric sander, Marble
Cutter, Electric Blower. |
|
|
|
|
Products : |
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
SIDBI Bank, D1,D2-VIII, Civil Lines,
Rudrapur-263153, Utharakhand-UR
|
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Padam Satish Deepak and Associates Chartered Accountants |
|
Address : |
1/6696, First Floor, Gali No.4, East Rohtas Nagar, Shahdara,
Delhi-110032, India |
|
PAN No.: |
AALFP2814R |
|
Tel.no.: |
91-11-22326215 |
|
Mobile No.: |
91-9810339233, 931222468 |
|
Email: |
|
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,428,350 |
Equity Shares |
Rs.10/- each |
Rs.14.283 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
14.283 |
14.283 |
|
(b) Reserves & Surplus |
|
10.314 |
8.709 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
4.625 |
2.100 |
|
Total Shareholders’
Funds (1) + (2) |
|
29.222 |
25.092 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
5.975 |
1.232 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
5.975 |
1.232 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
14.678 |
18.704 |
|
(b) Trade payables |
|
74.445 |
38.408 |
|
(c) Other current liabilities |
|
3.161 |
1.937 |
|
(d) Short-term provisions |
|
1.126 |
2.462 |
|
Total Current Liabilities
(4) |
|
93.410 |
61.511 |
|
|
|
|
|
|
TOTAL |
|
128.607 |
87.835 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
18.427 |
19.667 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
18.427 |
19.667 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
8.630 |
7.977 |
|
(b) Inventories |
|
33.972 |
18.726 |
|
(c) Trade receivables |
|
32.215 |
24.573 |
|
(d) Cash and cash equivalents |
|
2.733 |
0.531 |
|
(e) Short-term loans and advances |
|
32.630 |
15.351 |
|
(f) Other current assets |
|
0.000 |
1.010 |
|
Total Current
Assets |
|
110.180 |
68.168 |
|
|
|
|
|
|
TOTAL |
|
128.607 |
87.835 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
14.283 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2.795 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
17.078 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
16.783 |
|
|
2] Unsecured Loans |
|
|
4.790 |
|
|
TOTAL BORROWING |
|
|
21.573 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
38.651 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
0.000 |
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
17.647 |
|
|
Capital work-in-progress |
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
2.475 |
|
|
DEFERREX TAX ASSETS |
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
12.847 |
|
|
Sundry Debtors |
|
|
19.573 |
|
|
Cash & Bank Balances |
|
|
5.498 |
|
|
Securities Deposit |
|
|
0.793 |
|
|
Loans & Advances |
|
|
8.512 |
|
|
Deferred Revenue Expenses |
|
|
1.010 |
|
|
LC Margin |
|
|
2.782 |
|
|
SAD Refund Receivable |
|
|
1.505 |
|
|
Cheque in Hand |
|
|
2.475 |
|
|
Foreign Currency in hand |
|
|
0.807 |
|
|
Interest accrued in FDR |
|
|
0.102 |
|
Total
Current Assets |
|
|
55.904 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
34.098 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.802 |
|
Total
Current Liabilities |
|
|
34.900 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
38.651 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
220.300 |
136.537 |
|
|
|
Other Income |
|
3.051 |
2.421 |
|
|
|
TOTAL |
NA |
223.351 |
138.958 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
205.563 |
128.655 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
17.788 |
10.303 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
5.865 |
6.128 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
11.923 |
4.175 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
0.912 |
0.905 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
11.011 |
3.270 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
2.547 |
0.811 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
NA |
8.464 |
2.459 |
|
|
|
|
|
|
|
|
|
|
C.I.F. value of
Imports |
NA |
144.614 |
91.283 |
|
|
|
|
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
3.78 |
1.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
0.04 |
2.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
8.59 |
5.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.37 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.70 |
0.79 |
NA |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
0.77 |
1.60 |
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 two 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 |
No |
|
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 |
No |
|
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
(Rs. In Million)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
|
|
|
|
Long Term
Borrowings |
|
|
|
|
|
|
|
Bajaj Auto Finance LTD |
0.000 |
475,847 |
|
|
|
|
|
Total |
|
475,847 |
FIXED ASSETS
- Land
- Car-Honda Accord
- Car-Santro
- Cellular Phone
- Computer
- Office- Equipments
- Scooter/Motorcycle
- Air
Conditioner
- Car-Maruti
Swift
- Generator Set
- Car-Maruti
Esteem VXI
- Car –Maruti
Zen-LXI
- Electrical
Equipment
- Fax Machine
- Furniture and
Fixtures
- LG-Microwave
Oven
·
Bar Code Printer
·
Panasonic - Epabx
·
Weight Machine
·
Zero B Water Purifier
·
Car - Hyundai Santro - xl
·
Car - Wagon r
·
Epson - lQ1150 - Printer
·
Machinery
·
Hyundai - i10
·
Ceiling Fan
·
Exhaust Fan
·
Fire Extingusing
·
Hp-p1008
·
Hp-p1505n
·
Inverter
·
Water Dispencer
·
Canon - Printer
·
Hp-Laser Jet - lj1007
·
Ro - Water Purifier
·
Xerox - Printer
·
Car-Altis-Toyota
·
Car-Vento
·
Cooler
·
Fan
·
Pressing Iron
·
Tata Sky
·
Colour Printer
·
Gas Stove
·
Hp Laser Jet Printer
·
Room Heater
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.61.11 |
|
|
1 |
Rs.102.70 |
|
Euro |
1 |
Rs.84.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RSH |
|
|
|
|
Report Prepared
by : |
SBN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
28 |
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.