MIRA
INFORM REPORT
|
Report No. : |
307823 |
|
Report Date : |
13.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUNRISE INFO SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
622, Corporate Avenue, Sonawal Lane, Near Udyog Bhavan, Goregaon East,
Mumbai – 400063, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.02.2005 |
|
|
|
|
Com. Reg. No.: |
11-151519 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.876 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72100MH2005PTC151519 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS48028B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS8079A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of computer peripherals. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file its latest financial for the
year 2014 with the government department. As per available financial of 2013, there seems huge external
borrowing recorded by the company, which act as threatening to the liquidity
position of the company. Profitability of the company also seems to be low. However, trade relations are fair. Business is active. Payments are
slow but correct. 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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 PARTED BY
|
Name : |
Mr. Ravindra |
|
Designation : |
Director |
|
Contact No.: |
91-22-26868101 |
|
Date : |
11.02.2015 |
LOCATIONS
|
Registered Office : |
622, Corporate Avenue, Sonawal Lane, Near Udyog Bhavan, Goregaon East,
Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-26868101/04 |
|
Fax No.: |
91-22-26868101/04 |
|
E-Mail : |
|
|
Area : |
280 Carpet area |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
A-44, Patel Estate, Nilgiri Stop, Hissa No – 11, Village Devdal,
Kaman, Vasai, Thane – 401208, Maharashtra, India |
|
|
|
|
Branch Office : |
Located at: ·
Ahmedabad ·
Jaipur ·
Delhi |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Ravindra Prasad Kariwala |
|
Designation : |
Director |
|
Address : |
Room No.102, 2nd Floor, Swadeshi Market, |
|
Date of Birth/Age : |
30.09.1966 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
23.02.2005 |
|
DIN No.: |
02024304 |
|
|
|
|
Name : |
Mr. Rajendra Prasad Kariwala |
|
Designation : |
Director |
|
Address : |
C 1502 |
|
Date of Birth/Age : |
03.03.1956 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
23.02.2005 |
|
DIN No.: |
02020707 |
MAJOR SHAREHOLDERS
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ravindra Kariwala |
|
57000 |
|
Rajendra Kariwala |
|
33000 |
|
Chandra Kala N Kariwala |
|
3 |
|
Jamuna devi kariwala |
|
23003 |
|
Joyti Kanodia |
|
1 |
|
Kiran Kariwala |
|
1 |
|
Bhagwati Devi Kariwla |
|
1 |
|
Satyanarayan Kariwala |
|
1 |
|
Mahendra Kariwla |
|
27401 |
|
Nand Kishore Rathi |
|
1 |
|
Memi Devi Rathi |
|
1 |
|
Radha Devi Kanodia |
|
1 |
|
Ramnarayan Rathi |
|
1 |
|
Renu Kariwala |
|
1 |
|
Sandeep Kariwala |
|
1 |
|
Dwaraka Prasad Kanodia |
|
1 |
|
Shyam Kanodia (HUF) |
|
1 |
|
Shyam Kanodia |
|
1 |
|
Sohanlal Rathi |
|
1 |
|
Subhash Kariwala |
|
1 |
|
Sudha S Kariwala |
|
1 |
|
Surendra Kariwala |
|
10001 |
|
Vimla Rathi |
|
1 |
|
Rajendra Prasad Kariwala (HUF) |
|
17200 |
|
SB Components Private Limited |
|
120000 |
|
Suman Agarwal |
|
1 |
|
Dwarka Prasad and Sons (HUF) |
|
1 |
|
Madanlal Didwaniya |
|
1 |
|
Rajneesh Joshi |
|
1 |
|
Shashi Rajesh Chandak |
|
1 |
|
Total |
|
287630 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
41.72 |
|
Directors or relatives of directors |
52.29 |
|
Other top fifty shareholders |
5.99 |
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of computer peripherals. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
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|
Agencies Held : |
Not Available |
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|
Exports : |
Not Available |
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Imports : |
|
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Products : |
Finished Goods |
|
|
|
|
Terms : |
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Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
·
End Users
|
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No. of Employees : |
20 (Approximately) |
||||||||||||||||||
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||||||||||||||||||
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Bankers : |
·
Union Bank of India, Mahavir Building, K.N.
Jhaveri Road Kambhartukda, Mumbai, Maharashtra, India ·
HDFC Bank Limited, HDFC Bank Housesenapati
Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India ·
Kotak Mahindra Bank, Goregaon East, Mumbai,
Maharashtra, India |
||||||||||||||||||
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||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Auditors : |
|
|
Name : |
S G C O and Company Chartered Accountants |
|
Address : |
4A, Kaledonia – HDIL, 2nd Floor, Sahar Road, Near Andheri
Station, Andheri (East), Mumbai – 400069, Maharashtra, India |
|
PAN No.: |
AAAFS7106D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
·
Monica Overseas, ·
Mohit Infocomm ·
SB Components Private Limited Activity: Room No.102,
2nd Floor, Swadesh Market, |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
287630 |
Equity Shares |
Rs.10/- each |
Rs. 2.876
Millions |
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 |
2.876 |
2.876 |
2.876 |
|
(b) Reserves & Surplus |
21.761 |
21.145 |
21.049 |
|
(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) |
24.637 |
24.021 |
23.925 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.140 |
0.172 |
0.191 |
|
(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) |
0.140 |
0.172 |
0.191 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
102.275 |
83.270 |
56.451 |
|
(b) Trade payables |
0.561 |
17.358 |
32.573 |
|
(c) Other current
liabilities |
5.708 |
15.771 |
55.596 |
|
(d) Short-term provisions |
0.299 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
108.843 |
116.399 |
144.620 |
|
|
|
|
|
|
TOTAL |
133.620 |
140.592 |
168.736 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2.264 |
2.665 |
2.746 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.375 |
2.160 |
1.445 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
3.639 |
4.825 |
4.191 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.001 |
0.001 |
0.001 |
|
(b) Inventories |
42.082 |
26.936 |
49.679 |
|
(c) Trade receivables |
39.017 |
48.629 |
22.732 |
|
(d) Cash and cash
equivalents |
10.661 |
19.868 |
9.495 |
|
(e) Short-term loans
and advances |
32.687 |
36.757 |
72.157 |
|
(f) Other current
assets |
5.533 |
3.576 |
10.481 |
|
Total Current Assets |
129.981 |
135.767 |
164.545 |
|
|
|
|
|
|
TOTAL |
133.620 |
140.592 |
168.736 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
419.463 |
724.166 |
670.606 |
|
|
|
Other Income |
3.872 |
4.651 |
9.406 |
|
|
|
TOTAL |
423.335 |
728.817 |
680.012 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock in trade |
417.183 |
679.351 |
674.637 |
|
|
|
Changes in inventories of finished good |
(15.147) |
22.742 |
(16.111) |
|
|
|
Employee benefit |
6.341 |
5.467 |
5.461 |
|
|
|
Other expenses |
8.137 |
16.490 |
9.377 |
|
|
|
Prior period expenses |
0.000 |
0.000 |
0.003 |
|
|
|
TOTAL |
416.514 |
724.050 |
673.367 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
6.821 |
4.767 |
6.645 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.571 |
4.269 |
5.942 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.250 |
0.498 |
0.703 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.364 |
0.373 |
0.325 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.886 |
0.125 |
0.378 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.268 |
0.030 |
0.147 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.618 |
0.095 |
0.231 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
0.136 |
212.483 |
NA |
|
|
TOTAL EARNINGS |
0.136 |
212.483 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.15 |
0.33 |
0.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
0.14
|
0.01 |
0.03 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
1.62
|
0.65 |
0.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.66 |
0.09 |
0.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
4.15 |
3.47 |
2.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.17 |
1.13 |
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 |
2.876 |
2.876 |
2.876 |
|
Reserves & Surplus |
21.049 |
21.145 |
21.761 |
|
Net worth |
23.925 |
24.021 |
24.637 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
56.451 |
83.270 |
102.275 |
|
Total borrowings |
56.451 |
83.270 |
102.275 |
|
Debt/Equity ratio |
2.359 |
3.467 |
4.151 |
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) |
|
Sales |
670.606 |
724.166 |
419.463 |
|
|
|
7.987 |
(42.076) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
670.606 |
724.166 |
419.463 |
|
Profit |
0.231 |
0.095 |
0.618 |
|
|
0.03% |
0.01% |
0.15% |
LOCAL AGENCY FURTHER INFORMATION
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 |
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) |
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 |
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 |
Note: The Registered office of the company has been shifted
from Room
No. 102, 2nd Floor, Swadesh Market, Kalbadevi Road, Mumbai – 400
002, Maharashtra, India to the present
address (w.e.f. 25.10.2012)
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10543733 |
31/12/2014 |
80,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E),, Mumbai, Maharashtra - 400051, INDIA |
C40796310 |
|
2 |
90376818 |
24/12/1971 |
100,000.00 |
SALE PROPERTIES FO INDUSTRIAL DEVELOPMENTS |
NEW MARINE LINES, MUMBAI, Maharashtra, INDIA |
- |
* Date of charge modification
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short term
borrowings |
|
|
|
From related parties |
8.828 |
10.132 |
|
From others |
7.862 |
6.551 |
|
Total |
16.690 |
16.683 |
FIXED ASSETS
·
Plant and Machinery
·
Mobile Phone
·
Computer
·
Air Conditioner
·
Fax Machine
·
Vehicles
·
Calculator
·
Printer
·
Furniture and Fixtures
·
Office Equipments
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.62.43 |
|
|
1 |
Rs.95.01 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM |
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 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.