MIRA INFORM REPORT
|
Report No. : |
343559 |
|
Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SWET EXIM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Room No.18, 1st Floor, 316, Kalbadevi Road, Swadeshi Market,
Mumbai – 400002, Maharashtra |
|
Tel. No.: |
91-22-22075499 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.05.2000 |
|
|
|
|
Com. Reg. No.: |
11-126324 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.120
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2000PTC126324 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS28493D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS3940M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Grey Fabric. |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated 2000 and it is a trader of grey fabric. The company possesses moderate operational performance and it has
incurred huge loss from its operational activities during FY2014. Rating remain constrained on account company’s moderate financial
profile marked by huge borrowing along with low networth base and leverage
balance sheet profile of the company. Trade relations are reported as fair. Payments are reported to be
slow. In view of leverage financial profile, 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 – 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
31-03-2015.
LOCATIONS
|
Registered Office : |
Room No.18, 1st Floor, 316, Kalbadevi Road, Swadeshi
Market, Mumbai – 400002, Maharashtra, India |
|
Tel. No.: |
91-22-22075499 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sushil Jagmohan Bagarka |
|
Designation : |
Director |
|
Address : |
63, J.B. Nagar, Andheri-Kurla Road, Andheri (East), Mumbai – 400 059,
Maharashtra, India |
|
Date of Birth/Age : |
04.05.1954 |
|
Date of Appointment : |
04.05.2000 |
|
DIN No.: |
00908175 |
Other
Directorship:
|
S.NO. |
CIN/LLPIN |
NAME OF THE
COMPANY/ LLP |
CURRENT DESIGNATION
OF THE DIRECTOR/ DESIGNATED PARTNER |
DATE OF APPOINTMENT
AT CURRENT DESIGNATION |
ORIGINAL DATE OF
APPOINTMENT |
DATE OF CESSATION |
COMPANY/ LLP STATUS |
DEFAULTING STATUS |
|
1 |
U17110MH1990PTC058346 |
SIDDHIVINAYAK TWISTING PRIVATE LIMITED |
DIRECTOR |
27/09/1990 |
27/09/1990 |
- |
ACTIVE |
NO |
|
2 |
U25202MH1989PTC052889 |
SURABHI PACKAGING PRIVATE LIMITED |
DIRECTOR |
01/04/1993 |
01/04/1993 |
- |
ACTIVE |
NO |
|
3 |
U51311MH2000PTC125885 |
EKTA CREATIONS PRIVATE LIMITED |
DIRECTOR |
17/04/2000 |
17/04/2000 |
- |
ACTIVE |
NO |
|
4 |
U51311MH2000PTC125919 |
BHAGYA LAXMI FASHION PRIVATE LIMITED |
DIRECTOR |
18/04/2000 |
18/04/2000 |
- |
ACTIVE |
NO |
|
5 |
U51311MH2000PTC125908 |
SHREE BALAJI TRADING PRIVATE LIMITED |
DIRECTOR |
18/04/2000 |
18/04/2000 |
- |
ACTIVE |
NO |
|
6 |
U51900MH2000PTC126324 |
SWET EXIM PRIVATE LIMITED |
DIRECTOR |
04/05/2000 |
04/05/2000 |
- |
ACTIVE |
NO |
|
7 |
U51101MH1995PTC087232 |
NEGRAWAL TEXTILES PRIVATE LIMITED |
DIRECTOR |
08/03/2010 |
08/03/2010 |
- |
ACTIVE |
NO |
|
|
|
|
Name : |
Mr. Ashok Hariram Thakkar |
|
Designation : |
Director |
|
Address : |
407, Casa Grande Tower, Opposite Peninsula Corp, Senapati Bapat Marg,
Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Date of Birth/Age : |
21.11.1950 |
|
Date of Appointment : |
04.05.2000 |
|
DIN No.: |
00908187 |
Other
Directorship:
|
S.NO. |
CIN/LLPIN |
NAME OF THE
COMPANY/ LLP |
CURRENT DESIGNATION
OF THE DIRECTOR/ DESIGNATED PARTNER |
DATE OF APPOINTMENT
AT CURRENT DESIGNATION |
ORIGINAL DATE OF
APPOINTMENT |
DATE OF CESSATION |
COMPANY/ LLP STATUS |
DEFAULTING STATUS |
|
1 |
U51311MH2000PTC125885 |
EKTA CREATIONS PRIVATE LIMITED |
DIRECTOR |
17/04/2000 |
17/04/2000 |
- |
ACTIVE |
NO |
|
2 |
U51311MH2000PTC125919 |
BHAGYA LAXMI FASHION PRIVATE LIMITED |
DIRECTOR |
18/04/2000 |
18/04/2000 |
- |
ACTIVE |
NO |
|
3 |
U51311MH2000PTC125908 |
SHREE BALAJI TRADING PRIVATE LIMITED |
DIRECTOR |
18/04/2000 |
18/04/2000 |
- |
ACTIVE |
NO |
|
4 |
U51900MH2000PTC126324 |
SWET EXIM PRIVATE LIMITED |
DIRECTOR |
04/05/2000 |
04/05/2000 |
- |
ACTIVE |
NO |
|
5 |
U51310MH1997PTC105470 |
NEW WEST TEXTILE COMPANY PRIVATE LIMITED |
DIRECTOR |
01/02/2007 |
01/02/2007 |
03/05/2010 |
ACTIVE |
NO |
|
6 |
U51101MH1995PTC087232 |
NEGRAWAL TEXTILES PRIVATE LIMITED |
DIRECTOR |
29/03/2010 |
29/03/2010 |
- |
ACTIVE |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sushil Jagmohan Bagarka |
5000 |
41.67 |
|
Ashok Hariram Thakkar |
7000 |
58.33 |
|
|
|
|
|
TOTAL
|
12000 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Grey Fabric. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
Not Available |
|
Auditors : |
|
|
Name : |
Prashant S. Mehta and Associates Chartered Accountants |
|
Address : |
201 Reddy's Shree Shivdatta Building, Near Lalit Hotel, Station Road, Goregaon (West), Mumbai - 400062, Maharashtra, India |
|
Mobile No.: |
91-9820038268 |
|
PAN No: |
AAFPM0644M |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000 |
Equity Shares |
Rs.10/- each
|
Rs.0.120
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 |
0.120 |
0.120 |
0.120 |
|
(b) Reserves & Surplus |
4.001 |
7.409 |
4.085 |
|
(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) |
4.121 |
7.529 |
4.205 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1491.985 |
3814.201 |
1760.635 |
|
(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) |
1491.985 |
3814.201 |
1760.635 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
2025.799 |
103.228 |
142.782 |
|
(c) Other current liabilities |
0.197 |
370.061 |
271.280 |
|
(d) Short-term provisions |
0.679 |
1.486 |
0.734 |
|
Total Current Liabilities (4) |
2026.675 |
474.775 |
414.796 |
|
|
|
|
|
|
TOTAL |
3522.781 |
4296.505 |
2179.636 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.000 |
0.000 |
0.000 |
|
(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 |
1426.905 |
3789.849 |
1762.178 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1426.905 |
3789.849 |
1762.178 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
2091.643 |
114.293 |
144.045 |
|
(d) Cash and cash equivalents |
0.091 |
0.306 |
0.422 |
|
(e) Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
4.142 |
392.057 |
272.991 |
|
Total Current Assets |
2095.876 |
506.656 |
417.458 |
|
|
|
|
|
|
TOTAL |
3522.781 |
4296.505 |
2179.636 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8007.300 |
503.200 |
399.872 |
|
|
|
Other Income |
NA |
NA |
195.893 |
|
|
|
TOTAL |
NA |
NA |
595.765 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock in Trade |
NA |
NA |
398.431 |
|
|
|
Employee Benefit Expenses |
NA |
NA |
0.178 |
|
|
|
Other Expenses |
NA |
NA |
0.412 |
|
|
|
TOTAL |
NA |
NA |
399.021 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
196.744 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
NA |
194.881 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
1.863 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
NA |
1.863 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
0.734 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(3.407) |
3.324 |
1.129 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.408 |
4.084 |
2.955 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
4.001 |
7.408 |
4.084 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(283.92) |
277.00 |
94.09 |
|
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 |
|
Net cash flows from (used in) operations |
(35.606) |
(24.526) |
NA |
|
Net cash flows from (used in) operating activities |
(41.002) |
(29.239) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
(0.04) |
0.66 |
0.28 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
NA |
NA |
49.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA |
0.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
362.04 |
506.60 |
418.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
1.07 |
1.01 |
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 |
0.120 |
0.120 |
0.120 |
|
Reserves & Surplus |
4.085 |
7.409 |
4.001 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
4.205 |
7.529 |
4.121 |
|
|
|
|
|
|
long-term borrowings |
1760.635 |
3814.201 |
1491.985 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
1760.635 |
3814.201 |
1491.985 |
|
Debt/Equity ratio |
418.700 |
506.601 |
362.044 |
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) |
|
Sales |
399.872 |
503.200 |
8007.300 |
|
|
|
25.840 |
1491.276 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
399.872 |
503.200 |
8007.300 |
|
Profit/Loss |
1.129 |
3.324 |
(3.407) |
|
|
0.28% |
0.66% |
(0.04%) |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Particular |
As
on 31.03.2014 [Rs.
in Million] |
As
on 31.03.2013 [Rs.
in Million] |
|
Long-term
Borrowings |
|
|
|
Inter-corporate Deposit |
1491.985 |
3814.201 |
|
|
|
|
|
TOTAL
|
1491.985 |
3814.201 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
OPERATIONS
During the year, the company has achieved a turnover of Rs. 8007.300 Million and made a Loss of Rs. 3.407 Million before making provision for taxes. The company is hopeful of achieving better performance in the next year.
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.65.29 |
|
|
1 |
Rs.99.31 |
|
Euro |
1 |
Rs.73.39 |
INFORMATION DETAILS
|
Information
gathered by |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--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 |
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 |
|
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.