MIRA
INFORM REPORT
|
Report Date : |
10.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
PREET TRACTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Patiala Road, Nabha, District Patiala – 147201, Punjab |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
31.01.2001 |
|
|
|
|
Com. Reg. No.: |
16-024193 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.12.375 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29211PB2001PTC024193 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Combine Harvesters, Agriculture Tractors
and Agricultural Implements |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 110000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Patiala Road, Nabha, District Patiala – 147201, Punjab, India |
|
Tel. No.: |
91-1765-220400 |
|
Fax No.: |
91-1765-221619 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Hari Ram Murti Singh |
|
Designation : |
Director |
|
Address : |
Kushal Vihar, Cantt. Road, Nabha – 147201, Punjab, India |
|
Date of Appointment : |
31.01.2001 |
|
DIN No.: |
01053239 |
Other Directorship
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U24219PB1997PTC020361 |
Preet Agro
Industries Private Limited |
Director |
14-08-97 |
14-08-97 |
- |
Active |
NO |
|
2 |
U29219PB2000PTC023435 |
Deep Spares Private
Limited |
Director |
01-03-00 |
01-03-00 |
- |
Active |
NO |
|
3 |
U29211PB2000PTC023459 |
Preet Spares Private
Limited |
Director |
08-03-00 |
08-03-00 |
- |
Active |
NO |
|
4 |
U29211PB2000PTC023458 |
Preet Harvester
Spares Private Limited |
Director |
08-03-00 |
08-03-00 |
- |
Active |
NO |
|
5 |
U29211PB2001PTC024193 |
Preet Tractors
Private Limited |
Director |
31-01-01 |
31-01-01 |
- |
Active |
NO |
|
Name : |
Mr. Gurcharan Ram Murti Singh |
|
Designation : |
Director |
|
Address : |
Kushal Vihar, Cantt. Road, Nabha – 147201, Punjab, India |
|
Date of Appointment : |
31.01.2001 |
|
DIN No.: |
01347838 |
Other Directorship
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U24219PB1997PTC020361 |
Preet Agro
Industries Private Limited |
Director |
14-08-97 |
14-08-97 |
- |
Active |
NO |
|
2 |
U29219PB2000PTC023435 |
Deep Spares Private
Limited |
Director |
01-03-00 |
01-03-00 |
- |
Active |
NO |
|
3 |
U29211PB2000PTC023459 |
Preet Spares Private
Limited |
Director |
08-03-00 |
08-03-00 |
- |
Active |
NO |
|
4 |
U29211PB2000PTC023458 |
Preet Harvester
Spares Private Limited |
Director |
08-03-00 |
08-03-00 |
- |
Active |
NO |
|
5 |
U29211PB2001PTC024193 |
Preet Tractors
Private Limited |
Director |
31-01-01 |
31-01-01 |
- |
Active |
NO |
|
Name : |
Mr. Prem Ram Murti Singh |
|
Designation : |
Director |
|
Address : |
Kushal Vihar, Cantt. Road, Nabha – 147201, Punjab, India |
|
Date of Appointment : |
31.01.2001 |
|
DIN No.: |
01048201 |
Other Directorship
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U29219PB2000PTC023435 |
Deep Spares Private
Limited |
Director |
01-03-00 |
01-03-00 |
- |
Active |
NO |
|
2 |
U29211PB2000PTC023459 |
Preet Spares Private
Limited |
Director |
08-03-00 |
08-03-00 |
- |
Active |
NO |
|
3 |
U29211PB2000PTC023458 |
Preet Harvester
Spares Private Limited |
Director |
08-03-00 |
08-03-00 |
- |
Active |
NO |
|
4 |
U29211PB2001PTC024193 |
Preet Tractors
Private Limited |
Director |
31-01-01 |
31-01-01 |
- |
Active |
NO |
|
5 |
U24219PB1997PTC020361 |
Preet Agro
Industries Private Limited |
Additional director |
20-10-09 |
20-10-09 |
- |
Active |
NO |
|
Name : |
Mr. Sarabjit Bant Singh |
|
Designation : |
Director |
|
Address : |
Hira Mahal, Nabha- 147201, Punjab, India |
|
Date of Appointment : |
15.12.2006 |
|
DIN No.: |
01053257 |
Other Directorship
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U29219PB2000PTC023435 |
Deep Spares Private
Limited |
Director |
01-03-00 |
01-03-00 |
- |
Active |
NO |
|
2 |
U29211PB2000PTC023458 |
Preet Harvester
Spares Private Limited |
Director |
08-03-00 |
08-03-00 |
- |
Active |
NO |
|
3 |
U24219PB1997PTC020361 |
Preet Agro
Industries Private Limited |
Director |
29-10-01 |
29-10-01 |
- |
Active |
NO |
|
4 |
U29211PB2001PTC024193 |
Preet Tractors
Private Limited |
Director |
15-12-06 |
15-12-06 |
- |
Active |
NO |
|
Name : |
Mr. Gurpreet Hari Singh |
|
Designation : |
Director |
|
Address : |
Kushal Vihar, Cantt. Road, Nabha – 147201, Punjab, India |
|
Date of Appointment : |
15.07.2005 |
|
DIN No.: |
01048258 |
Other Directorship
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U24219PB1997PTC020361 |
Preet Agro
Industries Private Limited |
Director |
01-07-05 |
01-07-05 |
- |
Active |
NO |
|
2 |
U29211PB2001PTC024193 |
Preet Tractors
Private Limited |
Director |
15-07-05 |
15-07-05 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Hari Ram Singh, Kushal Vihar, Nabha, Punjab, India |
|
41000 |
|
Gurcharan Ram Singh ,Kushal Vihar, Nabha, Punjab, India |
|
7000 |
|
Prem Ram Singh ,Kushal Vihar, Nabha, Punjab, India |
|
47000 |
|
Pritam Jagroop Singh, Village Alipur
Tehsil Malerkotla, Punjab, India |
|
35000 |
|
Bhagwan Ram Kaur ,Kushal Vihar, Nabha, Punjab, India |
|
15000 |
|
Manjeet Hari Kaur ,Kushal Vihar, Nabha, Punjab, India |
|
40000 |
|
Bhagwan Jai Ram Singh, VPO. Mandaur, District Patiala, Punjab, India |
|
40000 |
|
Bharpur Sardev Singh, VPO. Laddi, District Sangrur, Punjab, India |
|
25000 |
|
Gamdoor Sardev Singh, VPO. Laddi, District Sangrur, Punjab, India |
|
25000 |
|
Kulwant Bachan Singh, VPO. Panjoli District Fatehgarh, Punjab, India |
|
35000 |
|
Malkit Chotta Singh, VPO. Saron District. Sangrur, Punjab, India |
|
30000 |
|
Manjeet Jarnail Singh, VPO. Panjoli District Fatehgarh, Punjab, India |
|
40000 |
|
Puran Chaju Singh, VPO. Bhanri, District Patiala, Punjab, India |
|
25000 |
|
Gurcharan Singh HUF ,Kushal Vihar, Nabha, Punjab, India |
|
33000 |
|
Prem Singh HUF ,Kushal Vihar, Nabha, Punjab, India |
|
33000 |
|
Hari Singh HUF ,Kushal Vihar, Nabha, Punjab, India |
|
34000 |
|
Gurdial Jai Ram Singh, VPO. Mandaur, District Patiala, Punjab, India |
|
30000 |
|
Harpal Gurdial Singh, VPO. Mandaur, District Patiala, Punjab, India |
|
20000 |
|
Majour Sohan Singh VPO. Inderpura District Patiala, Punjab, India |
|
35000 |
|
Harjinder Sohan Singh VPO. Inderpura District Patiala, Punjab, India |
|
35000 |
|
Lakhwinder Gurnam Singh VPO. Inderpura District Patiala, Punjab, India |
|
32500 |
|
Gurjant Sohan Singh, VPO. Inderpura District Patiala, Punjab, India |
|
22500 |
|
Hari Pritam Singh, VPO. Daudpur, District Ludhiana, Punjab, India |
|
42500 |
|
Jaswant Gurmail Singh, VPO. Sidhuwal District Patiala, Punjab, India |
|
20000 |
|
Nirmal Gujar Singh, VPO. Kotkalan District. Patiala, Punjab, India |
|
30000 |
|
Darshan Jangir Singh, VPO. Saron District. Sangrur, Punjab, India |
|
30000 |
|
Jagdeep Sukhdev Singh, VPO. Panjoli District Fatehgarh, Punjab, India |
|
25000 |
|
Sukhpal Singh, VPO. Bharoliwali District Fatehgarh, Punjab, India |
|
27500 |
|
Majour Isher Singh, VPO. Bhanri, District Patiala, Punjab, India |
|
40000 |
|
Paramjit Hari Singh, VPO. Daudpur, District Ludhiana, Punjab, India |
|
30000 |
|
Jasbir Mohinder Singh, VPO. Ramdass, District Amritsar, Punjab, India |
|
27500 |
|
Jarnail Ram Kishan Singh, VPO. Mithumajra, District Patiala, Punjab,
India |
|
42500 |
|
Gurdeep Jarnail Singh, VPO. Mithumajra, District Patiala, Punjab,
India |
|
35000 |
|
Lakhvir Gurcharan Singh, VPO. Mandaur, District Patiala, Punjab, India |
|
35000 |
|
Gurmail Joginder Singh, VPO. Mandaur, District Patiala, Punjab, India |
|
55800 |
|
Jangir Joginder Singh, VPO. Mandaur, District Patiala, Punjab, India |
|
48300 |
|
Lakhbir Joginder Singh, VPO. Mandaur, District Patiala, Punjab, India |
|
28400 |
|
Jaspal Ganda Singh, VPO. Bhanri, District Patiala, Punjab, India |
|
20000 |
|
Balbir Joginder Singh, VPO. Mandaur, District Patiala, Punjab, India |
|
20000 |
|
Total
|
|
1237500 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
23.00 |
|
Other top fifty shareholders |
77.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Combine Harvesters, Agriculture Tractors
and Agricultural Implements |
|
|
|
|
Products : |
· Agriculture Tractors · Rotavators · Bailors · Diesel Engines · Self Combine Harvester. · Maize Combine Harvester ·
Track Combine Harvester |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
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|
Bankers : |
·
Canara Bank, Patiala Gate, Nabha – 147201,
Punjab, India ·
Axis Bank ·
HDFC Bank |
||||||||||||||||||||||||||||||||||||
|
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|
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|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B. S. Goyal and Company Chartered Accountants |
|
Address : |
Purani Anaj Mandi, Nabha – 147201, Punjab, India |
|
Tel. No.: |
91-1765-222916 / 225916 / 320378 / 224378 |
|
PAN.: |
AAIFB6273C |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1237500 |
Equity Shares |
Rs.10/- each |
Rs.12.375
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
12.375 |
12.375 |
12.375 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
16.246 |
8.681 |
5.516 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
28.621 |
21.056 |
17.891 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
30.105 |
15.214 |
21.538 |
|
|
2] Unsecured Loans |
12.329 |
10.871 |
10.649 |
|
|
TOTAL BORROWING |
42.434 |
26.085 |
32.187 |
|
|
Differed Payment
Plant and Machinery |
31.797 |
0.000 |
0.000 |
|
|
Security from
Dealers |
37.555 |
23.989 |
22.993 |
|
|
DEFERRED TAX LIABILITIES |
0.930 |
0.291 |
0.364 |
|
|
|
|
|
|
|
|
TOTAL |
141.337 |
71.421 |
73.435 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
101.607 |
69.032 |
64.735 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
86.282
|
87.364
|
77.823 |
|
|
Sundry Debtors |
31.038
|
15.199
|
5.194 |
|
|
Cash & Bank Balances |
44.652
|
13.202
|
5.516 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
29.256
|
12.087
|
9.286 |
|
Total
Current Assets |
191.228
|
127.852
|
97.819 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
102.557
|
84.278 |
65.224 |
|
|
Other Current Liabilities |
48.941
|
41.185 |
23.895 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
151.498
|
125.463 |
89.119 |
|
|
Net Current Assets |
39.730
|
2.389 |
8.700 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
141.337 |
71.421 |
73.435 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
639.528 |
357.864 |
310.241 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
629.859 |
353.616 |
307.782 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.669 |
4.248 |
2.459 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.81 |
3.43 |
1.99 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.30
|
2.16 |
1.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.20 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.76
|
7.20 |
6.78 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.02 |
1.10 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS:
The company was incorporated 30.01.2001. Further the production of the tractors
was started in the month of August 2003. During the Seventh year of working of
the company was Rs.639.528 Millions. Further after providing the depreciation
of Rs.13.466 Millions The Net Profit of the company during the year was
Rs.9.669 Millions. However from next year onwards the company hopes to achieve
better results and higher profits.
FORM 8:
|
Corporate
identity number of the company |
U29211PB2001PTC024193 |
|
Name of the
company |
PREET TRACTORS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
Patiala Road, Nabha, District Patiala – 147201, Punjab, India E-Mail : bsgoyalnbh@gmail.com
|
|
This form is for
|
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
90171296 |
|
Type of charge |
Immovable
property Book debts Others
(Hypothecation of Stocks and Movable Assets of the Company.) |
|
Particular of
charge holder |
Canara Bank, Patiala Gate, Nabha – 147201, Punjab, India E-Mail : cb2119@canarabank.com
|
|
Nature of
instrument creating charge |
Supplemental
Common Hypothecation Agreement (Fund Based OCC Rs.70.000 Millions) |
|
Date of
instrument Creating the charge |
04.06.2011 |
|
Amount secured
by the charge |
Rs.70.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Base Rate +
4.00% Presently 14.00% P.A. Terms of
repayment Repayable on
Demand Margin 25% Extent and
operation of the charge 100% of the
Company. Others The Bank can
inspect the Assets of the Company. |
|
Short
particulars of the property or asset(s) charged (including complete address
and location of the property) |
Hypothecation of
Stocks, Book Debts, Present and Future in the name of the Company. Hypothecation of
All Movable and Immovable Assets of the Company. |
|
Date of
instrument modifying the charge |
25.05.2005 |
|
Particulars of the
present modification |
The first charge
of Rs.26.500 Millions duly regd. on dated 05.08.2003 and modified vide
agreement dated 25.05.2005 duly regd. on 18.07.2005. The charge is now
enhanced to Rs.70.000 Millions vide agreement dated 04.06.2011. |
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 records 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.52.23 |
|
|
1 |
Rs.81.55 |
|
Euro |
1 |
Rs.69.60 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.