MIRA INFORM REPORT
|
Report No. : |
325478 |
|
Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SOLIDUS HI-TECH PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1038/7A, Flat No. 3, Yogini Apartments, Model Colony, Shivajinagar, Pune
– 411016, Maharashtra |
|
Tel. No.: |
91-80-25662541 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.08.2004 |
|
|
|
|
Com. Reg. No.: |
11-019656 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.24.721 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200PN2004PTC019656 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES13795F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS3670B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Electronic Components, Devices,
Equipments and Appliances. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 580000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Sales turnover of the company has declined which has resulted into dip
in profit of the company during 2014. However, rating takes into consideration company’s sound financial
risk profile and fair liquidity position of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
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
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. Pramod Bundel Khandi |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9049995459 |
|
Date : |
02.06.2015 |
LOCATIONS
|
Registered Office : |
1038/7A, Flat No. 3, Yogini Apartments, Model Colony, Shivajinagar,
Pune – 411016, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
120, 2nd Phase, Jigani Industrial Area, Anekal Taluk,
Bangalore – 562106, Karnataka, India |
|
Tel. No.: |
91-80-25662541 / 27826747 |
|
Fax No.: |
91-80-25662843 |
|
|
|
|
Factory 2 (100% E.O.U) : |
Plot 9-A, I Phase, Jigani
Industrial Area, Anekal Taluk, South Bangalore – 560105, Karnataka, India |
|
|
|
|
Factory 3 (100% E.O.U) : |
121, II Phase, Jigani Industrial
Area, Anekal Taluk, South Bangalore – 560105, |
|
|
|
|
Factory 4 (100% E.O.U) : |
# 33, I Phase, Jigani
Industrial Area, Anekal Taluk, South Bangalore – 560105, |
|
|
|
|
DTA Unit : |
# 122, II Phase, Jigani Industrial
Area, Anekal Taluk, South Bangalore – 560105, Karnataka, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ashok Manohar Musale |
|
Designation : |
Director |
|
Address : |
1077/A, Sunman Apartments, Senapati Bapat Road, Pune – 411016, Maharashtra,
India |
|
Date of Birth/Age : |
12.06.1948 |
|
Date of Appointment : |
19.08.2004 |
|
DIN No.: |
00093747 |
|
|
|
|
Name : |
Mr. Bhushan Ashok Musale |
|
Designation : |
Director |
|
Address : |
1077/A, Sunman Apartments, Senapati Bapat Road, Pune – 411016,
Maharashtra, India |
|
Date of Birth/Age : |
12.10.1975 |
|
Date of Appointment : |
10.04.2006 |
|
DIN No.: |
00343374 |
KEY EXECUTIVES
|
Name : |
Mr. Pramod Bundel Khandi |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Manohar Musale |
|
1334900 |
|
Vaibhav Ashok Musale |
|
100 |
|
Bhushan Ashok Musale |
|
60000 |
|
Enpack Plastics Private Limited, |
|
355000 |
|
Vaibhav Screen Plast Private Limited, India |
|
722195 |
|
|
|
|
|
Total |
|
2472195 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
43.57 |
|
Directors or relatives of Directors |
56.43 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Electronic Components, Devices,
Equipments and Appliances. |
|
|
|
|
Products : |
·
Aluminium Heat Sink ·
Heat Sink ·
Metal Components ·
Metal Perforation ·
Perforated Sheets ·
Copper Bus Bars |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
USA ·
Germany ·
Brazil |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
Singapore |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
||||||||||||||||||||||||
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Bankers : |
·
The
Cosmos Co-Operative Bank Limited, 269/270, Shaniwar Peth, Pune – 411030, Maharashtra,
India ·
Standard
Chartered Bank, SME credit, 23-25 M G Road, Fort, Mumbai, Maharashtra, India ·
ICICI Bank |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Chandorkar and Limaye Chartered Accountants |
|
Address : |
33/29, ‘Aviva’, Prabhat Road, Lane No.3, Erandwane, Pune – 411004,
Maharashtra, India |
|
PAN No.: |
AAUPC4220A |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Related Party : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2750000 |
Equity Shares |
Rs.10/- each |
Rs.27.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2472195 |
Equity Shares |
Rs.10/- each |
Rs.24.721 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Million]
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 |
24.721 |
24.722 |
17.500 |
|
(b) Reserves & Surplus |
177.544 |
165.543 |
92.811 |
|
(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) |
202.265 |
190.265 |
110.311 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
50.964 |
46.073 |
106.222 |
|
(b) Deferred tax liabilities (Net) |
31.412 |
30.365 |
21.425 |
|
(c) Other long term
liabilities |
14.253 |
19.332 |
24.076 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
96.629 |
95.770 |
151.723 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
94.125 |
62.252 |
51.383 |
|
(b) Trade
payables |
128.456 |
193.289 |
155.594 |
|
(c) Other
current liabilities |
48.943 |
78.898 |
74.610 |
|
(d) Short-term
provisions |
37.540 |
26.107 |
8.777 |
|
Total Current
Liabilities (4) |
309.064 |
360.546 |
290.364 |
|
|
|
|
|
|
TOTAL |
607.958 |
646.581 |
552.398 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
280.819 |
278.327 |
278.483 |
|
(ii)
Intangible Assets |
2.336 |
2.486 |
0.149 |
|
(iii)
Capital work-in-progress |
0.830 |
0.026 |
1.462 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
32.606 |
26.332 |
18.374 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
316.691 |
307.271 |
298.568 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
115.275 |
114.514 |
98.851 |
|
(c) Trade
receivables |
131.564 |
176.723 |
108.971 |
|
(d) Cash
and cash equivalents |
8.378 |
13.464 |
11.059 |
|
(e)
Short-term loans and advances |
32.104 |
34.484 |
33.675 |
|
(f) Other
current assets |
3.946 |
0.125 |
1.274 |
|
Total Current
Assets |
291.267 |
339.310 |
253.830 |
|
|
|
|
|
|
TOTAL |
607.958 |
646.581 |
552.398 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
869.514 |
910.524 |
|
|
|
|
Other Income |
6.352 |
1.063 |
|
|
|
|
TOTAL (A) |
875.866 |
911.587 |
805.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES (B) |
811.935 |
812.359 |
771.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
63.931 |
99.228 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
24.482 |
26.710 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
39.449 |
72.518 |
|
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
18.788 |
17.644 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
20.661 |
54.874 |
34.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.660 |
19.920 |
15.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
12.001 |
34.954 |
18.400 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.85 |
18.11 |
-- |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1070.000 |
The above information has been parted by Mr. Pramod
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.38 |
3.84 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.35 |
10.90 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
3.40 |
8.49 |
6.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.29 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.72 |
0.57 |
1.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.94 |
0.94 |
0.87 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
17.500 |
24.722 |
24.721 |
|
Reserves & Surplus |
92.811 |
165.543 |
177.544 |
|
Net
worth |
110.311 |
190.265 |
202.265 |
|
|
|
|
|
|
long-term borrowings |
106.222 |
46.073 |
50.964 |
|
Short term borrowings |
51.383 |
62.252 |
94.125 |
|
Total
borrowings |
157.605 |
108.325 |
145.089 |
|
Debt/Equity
ratio |
1.429 |
0.569 |
0.717 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total Income |
805.800 |
911.587 |
875.866 |
|
|
|
13.128 |
(3.919) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total Income |
805.800 |
911.587 |
875.866 |
|
Profit |
18.400 |
34.954 |
12.001 |
|
|
2.28% |
3.83% |
1.37% |
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 |
No |
|
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 |
No |
|
19 |
Major customers |
No |
|
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 |
Yes |
|
26 |
Turnover of firm for last three 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:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
From Financial Institutions |
5.848 |
5.782 |
|
From Shareholders |
14.002 |
16.387 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Loans repayable on
demand from banks |
18.754 |
0.000 |
|
|
|
|
|
Total |
38.604 |
22.169 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10513399 |
31/07/2014 |
10,450,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
C15365331 |
|
2 |
10460032 |
17/12/2014 * |
77,000,000.00 |
Citi Bank N.A. |
#24, 3rd Floor, Canberra Block, UB City, Vittal Mallya Road,, Bangalore, Karnataka - 560001, India |
C44608644 |
|
3 |
10374869 |
30/08/2012 |
126,000,000.00 |
Standard Chartered Bank |
SME Credit, Crescenzo, 3A/F, Plot No. C-38 & 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra - 400051, India |
B57431348 |
|
4 |
10030375 |
31/03/2015 * |
125,700,000.00 |
Axis Bank Limited |
214-215, City Mall, 2nd Floor, Plot No. 1, S.No.132, Ganesh Khind Road (University Road), Pune, Maharashtra - 411007, India |
C54638317 |
*Date of modification Charges
FIXED ASSETS:
·
A.C.
·
Air Compressor
·
Cycle
·
Computer
·
Cutter and Tools
·
Electrical Fittings
·
Frost Free Fridge
·
Furniture and Fixture
·
Generator Set
·
Motor Cars
·
Mobile Phone
·
HT Electrification
·
Office Equipments
·
Plant and Machinery
·
Tools and Moulds
·
Two Wheeler
·
U.P.S.
·
Water Purifier
·
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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.63.85 |
|
|
1 |
Rs.98.12 |
|
Euro |
1 |
Rs.71.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
47 |
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.