MIRA INFORM REPORT
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Report No. : |
306572 |
|
Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAIFI CON-FAB SYSTEM PRIVATE LIMITED |
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|
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Registered
Office : |
Plot No.86-87, Road No.7, Sururpur Industrial Area, Ballabgarh, Sohna
Road, Faridabad – 121004, Haryana |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
16.06.2003 |
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Com. Reg. No.: |
05-035133 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.200 Millions |
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CIN No.: [Company Identification
No.] |
U34300HR2003PTC035133 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
RTKS04743E |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Conveyors, Machinery Parts and Fabrication Job. |
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No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2800 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. Reserves of the company seems to be low during 2014. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealing 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 (GENERAL DETAILS)
|
Name : |
Mr. Vishal Nanda |
|
Designation : |
HR/ Account Head |
|
Contact No.: |
91-129-3251597 |
|
Date : |
10.02.2015 |
LOCATIONS
|
Registered Office/ Factory: |
Plot No.86-87, Road No.7, Sururpur Industrial Area, Ballabgarh, Sohna
Road, Faridabad – 121004, Haryana, India |
|
Tel. No. : |
91-129-3251597/ 2470786/ 3251585/ 2475156/ 2470026/ 2442526 |
|
Mobile No. : |
91-9818783116/ 9818370666/ 9810556007/ 9999329786 (Mr. Khursheed Alam) |
|
Fax No. : |
91-129-2445156 |
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E-Mail : |
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|
Website : |
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|
Area : |
30000 sq ft |
|
Location : |
Rented |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Hazi Sayeed Alam |
|
Designation : |
Director |
|
Address : |
3744, Gali No. 6, Jawahar Colony, NIT, Faridabad – 121001, Haryana, India |
|
Date of Birth/Age : |
01.08.1949 |
|
Date of Appointment : |
16.06.2003 |
|
DIN No.: |
00219245 |
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|
|
|
Name : |
Mr. Khursheed Alam |
|
Designation : |
Director |
|
Address : |
House No.3737, Jawahar Colony, NIT, Faridabad – 121001, Haryana, India |
|
Date of Birth/Age : |
06.07.1972 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
16.06.2003 |
|
DIN No.: |
00219257 |
KEY EXECUTIVES
|
Name : |
Mr. Vishal Nanda |
|
Designation : |
HR/ Account Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Khursheed Alam |
196400 |
37.77 |
|
Sayeed Alam |
165000 |
31.73 |
|
Shamim Alam |
53600 |
10.31 |
|
Mumtaj Alam |
88900 |
17.10 |
|
Shamsad Alam |
6100 |
1.17 |
|
Ashma Parveen |
2500 |
0.48 |
|
Azra Alam |
2500 |
0.48 |
|
Irshad Alam |
2500 |
0.48 |
|
Shahana Alam |
2500 |
0.48 |
|
Total |
520000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Conveyors, Machinery Parts and Fabrication Job. |
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|
Products : |
·
Overhead Conveyors ·
Floor Conveyors ·
Belt Conveyors ·
Powered Roller Conveyors ·
Gravity Roller Conveyors ·
Chain and Slate
Conveyors ·
I-beam Conveyors ·
Conveyor Chain Conveyor
Belt ·
Fasteners Conveyors · All types of Material Handling Equipment’s |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· China · USA |
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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 : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
80 (Approximately) |
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Bankers : |
·
United Bank of India, NIT, Faridabad – 121006,
Haryana, India · ICICI Bank Limited, Faridabad, Haryana, India |
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Facilities : |
NOTE: (1) Citi Bank Loan is secured against hypothecation of Stock and Book Debt. (2) Religare Finvest loan is Secured against Acquision of New Plant and Machinery. (3) ICICI Bank-secured against value of Amaze car and Pajero (4) TATA Capital Ltd-secured against value of Honda Jazz Car. (5) Syndicate Bank loan is Secured against Acquision of
New Plant and Machinery. |
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Banking
Relations : |
-- |
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Financial Institution : |
· Electronica Finance Limited · Religare Finvest Limited ·
Intec Capital Limited |
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Auditors : |
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|
Name : |
Sulekh Chand Jain and Company Chartered Accountants |
|
Address : |
E-5, Nehru Ground, Nit Faridabad, Faridabad – 121001, Haryana, India |
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Tel. No. : |
91-129-2413076 |
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Mobile No. : |
91-9811585579 |
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Income-tax
PAN of auditor or auditor's firm : |
ACEFS5234N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
520000 |
Equity Shares |
Rs.10/- each |
Rs. 5.200
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
5.200 |
5.200 |
5.200 |
|
(b) Reserves & Surplus |
4.688 |
4.508 |
3.875 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
9.888 |
9.708 |
9.075 |
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|
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(3) Non-Current
Liabilities |
|
|
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|
(a) long-term borrowings |
2.566 |
5.046 |
11.649 |
|
(b) Deferred tax liabilities (Net) |
0.504 |
0.613 |
0.806 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.319 |
0.400 |
0.220 |
|
Total Non-current
Liabilities (3) |
3.389 |
6.059 |
12.675 |
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(4) Current Liabilities |
|
|
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|
(a) Short
term borrowings |
11.565 |
14.102 |
13.871 |
|
(b) Trade
payables |
8.107 |
9.233 |
6.816 |
|
(c) Other
current liabilities |
6.012 |
12.640 |
9.690 |
|
(d) Short-term
provisions |
0.017 |
0.050 |
0.000 |
|
Total Current
Liabilities (4) |
25.701 |
36.025 |
30.377 |
|
|
|
|
|
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TOTAL |
38.978 |
51.792 |
52.127 |
|
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|
|
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II.
ASSETS |
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|
|
|
(1) Non-current assets |
|
|
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(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
15.560 |
17.396 |
20.679 |
|
(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 |
0.423 |
2.880 |
2.790 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
15.983 |
20.276 |
23.469 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
13.291 |
14.898 |
12.933 |
|
(c) Trade
receivables |
5.831 |
6.852 |
7.371 |
|
(d) Cash
and cash equivalents |
0.413 |
1.849 |
0.450 |
|
(e)
Short-term loans and advances |
3.374 |
7.856 |
7.862 |
|
(f) Other
current assets |
0.086 |
0.061 |
0.042 |
|
Total
Current Assets |
22.995 |
31.516 |
28.658 |
|
|
|
|
|
|
TOTAL |
38.978 |
51.792 |
52.127 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
65.225 |
66.916 |
|
|
|
Other Income |
|
0.395 |
0.312 |
|
|
|
TOTAL (A) |
|
65.620 |
67.228 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
45.937 |
45.462 |
|
|
|
Employees benefits expense |
|
4.875 |
4.177 |
|
|
|
Other expenses |
|
6.767 |
9.435 |
|
|
|
TOTAL (B) |
NA |
57.579 |
59.074 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
|
8.041 |
8.154 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
3.843 |
3.572 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
4.198 |
4.582 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
3.314 |
3.17 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
0.087 |
0.884 |
1.412 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.092) |
0.251 |
0.598 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
0.179 |
0.633 |
0.814 |
|
|
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
3.996 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
3.996 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.34 |
1.22 |
1.58 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA
|
0.97 |
1.22 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA
|
12.33 |
12.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.22 |
1.71 |
2.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.09 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.43 |
1.97 |
2.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.89 |
0.87 |
0.94 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
5.200 |
5.200 |
5.200 |
|
Reserves & Surplus |
3.875 |
4.508 |
4.688 |
|
Net
worth |
9.075 |
9.708 |
9.888 |
|
|
|
|
|
|
long-term borrowings |
11.649 |
5.046 |
2.566 |
|
Short term borrowings |
13.871 |
14.102 |
11.565 |
|
Total
borrowings |
25.520 |
19.148 |
14.131 |
|
Debt/Equity
ratio |
2.812 |
1.972 |
1.429 |
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 |
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
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION
|
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10547678 |
05/02/2015 |
9,600,000.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3,KAILASHCHANDRA APPARTMENTS,, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
C42827253 |
|
2 |
10533855 |
29/11/2014 |
3,953,440.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3,KAILASHCHANDRA APPARTMENTS,, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
C35355122 |
|
3 |
10508136 |
01/07/2014 |
1,575,000.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57 NEHRU PLACE, NEW DELHI, DELHI - |
C10604056 |
|
4 |
10341389 |
07/03/2012 |
2,500,000.00 |
SYNDICATE BANK |
48, BHADANA BHAWAN, NEELAM BATA ROAD, FARIDABAD, |
B34653980 |
|
5 |
10325760 |
23/12/2011 |
1,700,000.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57 NEHRU PLACE, NEW DELHI, DELHI - |
B28845139 |
|
6 |
10321619 |
12/12/2011 |
1,800,000.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57 NEHRU PLACE, NEW DELHI, DELHI - |
B27133107 |
|
7 |
10248644 |
11/09/2010 |
2,109,487.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
JEEVAN SHREE BUILDING, GROUND FLOOR, PLOT NO. 488, |
A97733125 |
|
8 |
10235385 |
12/08/2010 |
2,389,203.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3,KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
A92420520 |
|
9 |
10215995 |
31/03/2010 |
462,999.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3,KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
A83740258 |
|
10 |
10080349 |
14/12/2007 |
2,000,000.00 |
SYNDICATE BANK |
48, NEELAM BATA ROAD, FARIDABAD, FARIDABAD, HARYANA - 121004, INDIA |
A29250560 |
|
11 |
10071913 |
07/03/2012 * |
12,500,000.00 |
SYNDICATE BANK |
48, BHADANA BHAWAN, NEELAMBATA ROAD, FARIDABAD, |
B34653287 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From
Other(Shareholder) |
|
|
|
Irshad Alam |
0.000 |
0.200 |
|
Mumtaz Alam |
0.000 |
0.376 |
|
Total |
0.000 |
0.576 |
CHANGE OF ADDRESS
The registered office of the company has been shifted from Plot No.3737/38, Nangla Road, Near Masjid,
Jawahar Colony, NIT Faridabad – 121 005, Haryana, India to present address
w.e.f. 05.10.2009.
FIXED ASSETS
· Computer
· Furniture and Fixture
· Generator Set
· Motor Car
· Office Equipment
· Motor Cycle
· Plant & Machinery
· Mobile Phone
· Weight Scale
· Cycle
· Tool and Dies
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.62.14 |
|
|
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.62.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
27 |
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.