MIRA
INFORM REPORT
|
Report Date : |
29.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
SAV-EX SEAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
21, 2nd Floor, Mahalaxmi Industrial Estate, Dainik, Shivner
Road, Gandhi Nagar, Lower Parel (West), Mumbai – 400013, Maharashtra |
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|
Country : |
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|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.08.1985 |
|
|
|
|
Com. Reg. No.: |
11-037064 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.280
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1985PTC037064 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS21360D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS9454L |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of Zip Lock Bags. |
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|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Exist |
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|
Comments : |
Subject is a well-established company having satisfactory track. Ms. Sujata, Accounts Manager parted us that the company is in process
of amalgamating with “SVP Packing Industry
Private Limited “ which may generate positive synergies. Presently, the company possesses an acceptable financial profile
marked by adequate networth base and sufficient debt protection metrics along
with slight working capital intensive operations. Management has witnessed a moderate sales revenue as well as net
profitability owing to limited scale of business operations during FY13. However, trade relations seem to be fair. Business is active. Payment
terms are reported as usually correct. In view of long track of the company, it can be considered for
business dealings at usual trade terms and conditions, keeping in mind the
proposed amalgamation which is in process and will be completed soon. |
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
N E W S
Verdict
Implications: Apex court order may alter coal import dynamics. Traders go
slowly on talks over coal supply contracts, uncertainty over cancellation of
blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn Business Empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M a M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Ms. Sujata |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-66351516 |
|
Date : |
27.10.2014 |
LOCATIONS
|
Registered Office : |
21, 2nd Floor, Mahalaxmi Industrial Estate, Dainik, Shivner
Road, Gandhi Nagar, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66351516 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Pradip Ramanlal Shah |
|
Designation : |
Director |
|
Address : |
4, Guru Krupa,
514/22, SVP Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
15.01.1941 |
|
Date of Appointment : |
14.07.1993 |
|
DIN No.: |
01960775 |
|
|
|
|
Name : |
Mr. Saunil Bipin Shah |
|
Designation : |
Director |
|
Address : |
4, Guru Krupa,
514/22, SVP Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
02.12.1959 |
|
Date of Appointment : |
06.08.1985 |
|
DIN No.: |
01960798 |
|
|
|
|
Name : |
Mr. Chhotalal Velji Shah |
|
Designation : |
Whole-time director |
|
Address : |
B-303, Shreeji
Ville, Dr. Almedia Road, Panchpakdi, Thane – 400062, India |
|
Date of Birth/Age : |
03.07.1951 |
|
Date of Appointment : |
24.07.2008 |
|
DIN No.: |
00896974 |
KEY EXECUTIVES
|
Name : |
Ms. Sujata |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Saunil Bipin Shah Jointly With Bipin Ramanlal Shah jointly with Sudha
Pradip Shah |
1198 |
|
Saunil Bipin Shah Jointly With Smita Shah |
10670 |
|
Pradip Ramanlal Shah Jointly With Sudha Shah |
6511 |
|
Sudha Pradip Shah Jointly With Pradip Ramanlal Shah |
1870 |
|
Chhotalal Velji Shah Jointly With Indu Chhotalal Shah |
3923 |
|
Indu Chhotalal Shah Jointly With Chhotalal Velji Shah |
100 |
|
Viral Chhotalal Shah Jointly With Rashmi Viral Shah |
100 |
|
Sudha Pradip Shah Jointly With Pradip Ramanlal Shah Jointly With
Saunil Bipin Shah |
3490 |
|
Rashmi Viral Shah Jointly With Viral Chhotalal Shah |
100 |
|
Pradip Ramanlal Shah Jointly With Sudha Shah Jointly With Virendra H.
Shah |
1 |
|
Chhotalal Velji Shah Jointly With Chimanlal V. Shah Jointly With Kanta
C Shah |
1 |
|
Chhotalal Velji Shah Jointly With Jayantilal Shah Jointly With Manjula
Shah |
1 |
|
Saunil Bipin Shah Jointly With Aashna Saunil Shah and Jointly With
Sejal Saunil Shah |
10 |
|
Saunil Bipin Shah Jointly With Bharti Bipin Shah Jointly With Pradip R
Shah as Karta of Pradip R Shah, HUF |
10 |
|
Saunil Bipin Shah, Smita Shah Jointly With Virendra H Shah as Karta of
Virendra H Shah, HUF |
10 |
|
Pradip Ramanlal Shah Jointly With Sudha Shah Jointly Saunil B Shah as
Karta of Saunil B Shah, HUF |
5 |
|
Total |
28000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Zip Lock Bags. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
||||||||||||
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|
||||||||||||
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Bankers : |
The Shamrao Vithal Co-Operative Bank Limited, H-2,
Anandashram, Shamrao Vithal Marg, Mumbai - 400007, Maharashtra, India |
||||||||||||
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|
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Facilities : |
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Banking
Relations : |
-- |
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|
Auditors : |
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|
Name : |
Narendra Bhat Chartered Accountant |
|
Address : |
2, 2nd Floor, Azgar Manzil, 49, Janmabhoomi Marg, Mumbai – 400001,
Maharashtra, India |
|
Tel. No.: |
91-22-66954731 |
|
PAN No.: |
AAIPB6824H |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
5000 |
Preference Shares |
Rs.100/- each |
Rs.0.500 Million |
|
|
Total |
|
Rs.7.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
||
|
|
|
|
|
||
|
28,000 |
Equity Shares |
Rs.10/- each |
Rs.0.280
Million |
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.280 |
0.280 |
0.280 |
|
(b) Reserves & Surplus |
31.656 |
26.736 |
25.151 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
31.936 |
27.016 |
25.431 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
15.096 |
13.391 |
11.821 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
15.096 |
13.391 |
11.821 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
19.824 |
8.233 |
16.366 |
|
(b) Trade payables |
5.602 |
6.165 |
2.693 |
|
(c) Other current
liabilities |
3.650 |
1.106 |
0.161 |
|
(d) Short-term provisions |
0.691 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
29.767 |
15.504 |
19.220 |
|
|
|
|
|
|
TOTAL |
76.799 |
55.911 |
56.472 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
21.749 |
19.724 |
21.399 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.230 |
0.230 |
0.230 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.219 |
1.136 |
0.634 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
23.198 |
21.090 |
22.263 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
28.792 |
17.502 |
21.874 |
|
(c) Trade receivables |
20.949 |
13.878 |
9.238 |
|
(d) Cash and cash
equivalents |
0.404 |
0.802 |
0.303 |
|
(e) Short-term loans and
advances |
3.377 |
2.587 |
2.727 |
|
(f) Other current assets |
0.079 |
0.052 |
0.067 |
|
Total Current Assets |
53.601 |
34.821 |
34.209 |
|
|
|
|
|
|
TOTAL |
76.799 |
55.911 |
56.472 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
REVENUE |
155.600 |
133.300 |
143.800 |
|
|
|
|
|
|
|
|
EXPENSES |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.586 |
2.870 |
2.085 |
|
|
|
|
|
|
|
Less |
TAX |
1.665 |
1.285 |
1.025 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4.921 |
1.585 |
1.060 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
175.75 |
56.61 |
37.86 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.60 |
5.15 |
3.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.11 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.09 |
0.80 |
1.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.80 |
2.25 |
1.78 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs. In
Millions |
Rs.
In Millions |
|
Share Capital |
0.280 |
0.280 |
0.280 |
|
Reserves & Surplus |
25.151 |
26.736 |
31.656 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
25.431 |
27.016 |
31.936 |
|
|
|
|
|
|
Long Term borrowings |
11.821 |
13.391 |
15.096 |
|
Short Term borrowings |
16.366 |
8.233 |
19.824 |
|
Total
borrowings |
28.187 |
21.624 |
34.920 |
|
Debt/Equity
ratio |
1.108 |
0.800 |
1.093 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Revenue
|
143.800 |
133.300 |
155.600 |
|
|
|
(7.302) |
16.729 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Revenue
|
143.800 |
133.300 |
155.600 |
|
Profit |
1.060 |
1.585 |
4.921 |
|
|
0.74% |
1.19% |
3.16% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS 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 |
No |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
LITIGATION DETAILS
|
Case Details |
||||||
|
Bench:- Bombay |
||||||
|
Lodging No. : |
OLRL/210/2014 |
Failing Date:- |
03/07/2014 |
|||
|
|
||||||
|
Petitioner:- |
THE OFFICIAL LIQUIDATOR HIGH COURT |
Respondent:- |
M/S SAV-EX SEAL PRIVATE LIMITED |
|||
|
Petn.Adv:- |
THE OFFICIAL LIQUIDATOR (-) |
Resp. Adv.: |
-- (--) |
|||
|
District:- |
MUMBAI |
|||||
|
|
||||||
|
Bench:- |
SINGLE |
|
|
|||
|
Status:- |
Pre-Admission |
Category: |
AMALGAMATION (SCHEME) u/s 391 to 395 |
|||
|
Last Date:- |
04/07/2014 |
Stage:- |
OLR FOR
APPOINTMENT FOR C.A |
|||
|
|
|
|
||||
|
Last Coram:- |
HON'BLE SHRI JUSTICE S.J. KATHAWALLA |
|||||
|
|
|
|||||
|
Act. : |
Companies Act and Rules 1956 |
|||||
Note: The Registered office of the company has been shifted
from 37/4, Indian Mercantile Insurance Building, Ranade Road, Dadar, Mumbai –
400028, Maharashtra, India to present address w.e.f. 01.06.2009
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
LONG TERM
BORROWINGS |
|
|
|
From Shareholders |
15.096 |
13.391 |
|
Total |
15.096 |
13.391 |
BUSINESS ACTIVITY
The working during the year resulted in revenue of
Rs.155.600 Millions against Rs.133.300 Millions in the previous year
registering an increase of 17% over last year in spite of the difficult market
conditions. The Profit before Tax and exceptional item amounted to Rs.6.586
Millions against Rs.2.870 Millions in the previous year. The Profit after Tax
amounted to Rs.4.921 Millions against Rs.1.585 Millions in the previous year.
Strict cost control and better material management helped in increasing the
profit for the year. The market condition in 2013-14 has turned difficult due
to depreciating rupee and all round increase in the cost of various raw
material and other overheads. In the circumstances, there is general slowdown
in the Indian economy and it is likely to impact the working of the Company as
well. With a view to conserve resources and meet the increasing business
requirement the Directors do not recommend any dividend for the year.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10445913 |
03/08/2013 |
32,000,000.00 |
The Shamrao Vithal Co-Operative Bank Limited |
H-2, Anandashram, Shamrao Vithal Marg, Mumbai - 400007, Maharashtra, India |
B83498071 |
|
2 |
10159692 |
13/05/2011 * |
32,000,000.00 |
The Shamrao Vithal Co-Operative Bank Limited |
H-2, Anandashram, Shamrao Vithal Marg, Mumbai - 400007, Maharashtra, India |
B15128697 |
|
3 |
90235150 |
13/05/2011 * |
21,200,000.00 |
The Shamrao Vithal Co-Operative Bank Limited |
H-2, Anandashram, Shamrao Vithal Marg, Mumbai - 400007, Maharashtra, India |
B15203482 |
*Date of modification Charges
FIXED ASSETS:
· Building
Machinery
Crates
Electrical
Fittings
Fire
Extinguisher
Vehicles
Office
Equipment
Computer
Furniture
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 records 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.61.35 |
|
|
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.77.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
0 |
|
--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 |
4 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
44 |
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.