MIRA
INFORM REPORT
|
Report No. : |
329925 |
|
Report Date : |
02.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SANGHVI ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No. 7, 23/B Purshottam Building, Tribhuvan Road Cross, Lamington Road,
Mumbai-400004, Maharashtra |
|
Tel. No.: |
91-22-23894000 / 23803333 / 23894001 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
07.12.1990 |
|
|
|
|
Com. Reg. No.: |
11-059333 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.498 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1990PTC059333 |
|
|
|
|
IEC No.: |
0391166263 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS15235D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS6108D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer and Trader of Electronic Products and Computer Peripherals. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
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 45000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. As per Registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2014 but the documents
related to the financials for the year 2014 is not available from any source. However as per the financial of 2013, the rating takes into
consideration subjects moderate financial risk profile marked by high
gearing, small cash balance and low profitability. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. Subject 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Nilesh |
|
Designation : |
Accountants Executive |
|
Contact No.: |
91-22-24823111 |
|
Date : |
01.07.2015 |
LOCATIONS
|
Registered Office : |
Shop No. 7, 23/B Purshottam Building, Tribhuvan Road Cross, Lamington
Road, Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-22-23894000 / 23803333 / 23894001 |
|
Mobile No. : |
91-9820146020 (Mr. Nilesh) |
|
Fax No.: |
91-22-23803333 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Shop No.13/B, Rajasthan Ind., Bajarang Dairy, Village Chincholi,
Bhiwandi, Mumbai, Maharashtra, India |
|
|
|
|
Branches : |
Located At: · Hyderabad Bangalore Delhi Indore Raigad Kolhapur Ahmedabad |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Suresh Jethmal Sanghvi |
|
Designation : |
Director |
|
Address : |
205, Sybille Apartment, |
|
Date of Birth/Age : |
02.11.1963 |
|
Qualification : |
B.Com. |
|
Date of Appointment : |
07.12.1990 |
|
DIN No.: |
00427594 |
|
|
|
|
Name : |
Mr. Sudhir Ramdas Sadar |
|
Designation : |
Director |
|
Address : |
20, New Prabhat Colony, Near Indrayani Colony, Banera Road,
Amravati-444606, Maharashtra, Maharashtra, India |
|
Date of Birth/Age : |
18.06.1969 |
|
Qualification : |
BE |
|
Date of Appointment : |
20.11.2008 |
|
DIN No.: |
02211169 |
|
|
|
|
Name : |
Mr. Ronak Suresh Sanghvi |
|
Designation : |
Director |
|
Address : |
205, Sibylee Apartment, 65, |
|
Date of Birth/Age : |
29.08.1990 |
|
Date of Appointment : |
20.11.2008 |
|
DIN No.: |
02337127 |
KEY EXECUTIVES
|
Name : |
Mr. Nilesh |
|
Designation : |
Accountants Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Suresh J. Sanghvi |
106100 |
|
Shailesh A. Jain |
1200 |
|
Veetrag B. Bafna |
1100 |
|
Anjana S. Sanghvi |
51000 |
|
Ugam J. Sanghvi |
1000 |
|
Aatish A. Sanghvi |
1000 |
|
Ronak S. Sanghvi |
1000 |
|
Suresh Jethmal Sanghvi HUF |
1000 |
|
Sushila S. Seth |
100 |
|
Suresh M.Seth |
100 |
|
Aadittya A. Sanghvi |
16000 |
|
Ramesh Vardhan |
10 |
|
Sayarmal L. Jain |
10 |
|
Sonu S. Jain |
12500 |
|
Vimla Doshi |
10 |
|
Anita M. Mehta |
10 |
|
Rakhi V. Shroff |
20000 |
|
Maya V. Shroff |
20000 |
|
Parveenkanta R. Jain |
26000 |
|
Poonam V. Kapoor |
25000 |
|
Gautam Chand Jain |
10 |
|
Total Communication Services |
10 |
|
Sikha Finance and Leasing Private Limited, India |
50000 |
|
Ronak S. Sanghvi |
3480 |
|
Prashant R. Mehta |
10 |
|
Rahulkumar Rikhabchand Mehta |
10 |
|
Rikhabchand M. Jain |
10 |
|
Nav Srajan Properties Private Limited, India |
113100 |
|
|
|
|
Total |
449770 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
36.30 |
|
Directors or relatives of Directors |
40.10 |
|
Other top fifty shareholders |
23.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer and Trader of Electronic Products and Computer Peripherals. |
|
|
|
|
Products : |
Computer Peripherals |
|
|
|
|
Brand Names : |
Not Available |
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|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Available |
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|
|
|
Imports : |
|
|
Products : |
Hard Disk |
|
Countries : |
·
Taiwan ·
Dubai |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Cheque |
|
|
|
|
Purchasing : |
Cash / Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
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Facilities : |
NOTE: SHORT TERM
BORROWINGS Terms and
conditions of borrowings Cash credit facility from bank is secured against
hypothecation of stock in trade and book debts. The above cash credit facility
is further secured by motgage of the immovable property situated at Mumbai
owned by wife of a Director. *Secured by hypothecation of specific motor car. Term of Repayment: Payable in equal monthly
instalments. |
|
Auditors : |
|
|
Name : |
Salgia and Associates Chartered Accountants |
|
Address : |
Panthky House, 1st Floor, 8, Maruti Cross Lane, Fort,
Mumbai- 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22619784 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ADSPS9398A |
|
|
|
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Memberships : |
-- |
|
|
|
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Collaborators : |
-- |
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|
|
|
Enterprises where key management personnel of relatives of key management
personnel have control or significant influence : |
Nav Srajan Properties Private Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
449770 |
Equity Shares |
Rs.10/- each |
Rs.4.498 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Million]
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 |
4.498 |
4.498 |
4.498 |
|
(b) Reserves & Surplus |
11.301 |
10.689 |
9.673 |
|
(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) |
15.799 |
15.187 |
14.171 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.435 |
0.000 |
0.000 |
|
(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) |
1.435 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
92.482 |
58.292 |
57.027 |
|
(b) Trade payables |
135.785 |
74.575 |
22.581 |
|
(c) Other current liabilities |
3.117 |
1.029 |
0.577 |
|
(d) Short-term provisions |
0.000 |
0.100 |
0.905 |
|
Total Current Liabilities (4) |
231.384 |
133.996 |
81.090 |
|
|
|
|
|
|
TOTAL |
248.618 |
149.183 |
95.261 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5.478 |
1.032 |
0.700 |
|
(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) |
0.303 |
0.120 |
0.084 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
5.781 |
1.152 |
0.784 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.050 |
0.050 |
0.000 |
|
(b) Inventories |
42.403 |
65.011 |
36.328 |
|
(c) Trade receivables |
186.162 |
68.599 |
45.508 |
|
(d) Cash and cash equivalents |
3.569 |
3.118 |
2.969 |
|
(e) Short-term loans and
advances |
10.653 |
11.253 |
9.672 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
242.837 |
148.031 |
94.477 |
|
|
|
|
|
|
TOTAL |
248.618 |
149.183 |
95.261 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
545.101 |
426.295 |
|
|
|
|
Other Income |
0.534 |
0.517 |
|
|
|
|
TOTAL |
545.635 |
426.812 |
331.178 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
543.142 |
424.981 |
329.887 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.493 |
1.831 |
1.291 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION
AMORTISATION |
1.663 |
0.271 |
0.189 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.830 |
1.560 |
1.102 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.218 |
0.544 |
0.344 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.612 |
1.016 |
0.758 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
10.189 |
9.173 |
8.415 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
10.801 |
10.189 |
9.173 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Sales (FOB Value) |
2.770 |
17.271 |
0.000 |
|
|
TOTAL EARNINGS |
2.770 |
17.271 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.36 |
2.26 |
1.69 |
|
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Sales Turnover (Approximately) |
|
1470.000 |
1500.000 |
|
|
|
|
|
The above information has been parted by Mr. Nilesh (Accounts
Department)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.11
|
0.24 |
0.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.33
|
1.05 |
1.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.10 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.94
|
3.84 |
4.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05
|
1.10 |
1.16 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
4.498 |
4.498 |
4.498 |
|
Reserves & Surplus |
9.673 |
10.689 |
11.301 |
|
Net
worth |
14.171 |
15.187 |
15.799 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
1.435 |
|
Short term borrowings |
57.027 |
58.292 |
92.482 |
|
Total
borrowings |
57.027 |
58.292 |
93.917 |
|
Debt/Equity
ratio |
4.024 |
3.838 |
5.944 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
331.178 |
426.812 |
545.635 |
|
|
|
28.877 |
27.840 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
331.178 |
426.812 |
545.635 |
|
Profit |
0.758 |
1.016 |
0.612 |
|
|
0.23% |
0.24% |
0.11% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last five years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
From others |
6.776 |
6.276 |
|
Loan and advances from related parties |
2.675 |
1.475 |
|
|
|
|
|
Total |
9.451 |
7.751 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10223557 |
06/12/2014 * |
170,000,000.00 |
Indian Overseas Bank |
Breach Candy Branch, 65/67, Mazda Mansion, Bhulabhai Desai Road,
Breach Candy, Mumbai, Maharashtra |
C43050665 |
|
2 |
80029439 |
03/10/2008 * |
30,000,000.00 |
INDIAN OVERSEAS BANK |
BREACH CANDY BRANCH, 65/67, MAZDA MANSION, BHULAB |
A47072996 |
GENERAL REVIEW
The company has performed satisfactorily
and substantially increased the branch network. As reported in the earlier years, the market for the products the
company is dealing in is still very competitive but there are opportunities for growth. The
directors are trying to increase the sale turnover further by introducing newer
products so that the fixed overheads are spread over a larger volume and the
profitability can be improved.
FIXED ASSETS
· Computer
Plant
and Machinery
Office
Equipment
Motor
Car
Scooter
Bicycle
Furniture
and Fixture
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.63.62 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.70.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
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 |
|
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.