MIRA
INFORM REPORT
|
Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
TRITRONICS INDIA PRIVATE LIMITED |
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Registered
Office : |
Plot
No. 240, F.I.E.
Patparganj Industrial Area, Patparganj, |
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Country : |
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Financials (as
on) : |
31.03.2009 |
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Date of
Incorporation : |
12.07.1993 |
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Com. Reg. No.: |
55-054419 |
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CIN No.: [Company Identification
No.] |
U74899DL1993PTC054419 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
DELT04611F DELT05499E |
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PAN No.: [Permanent Account No.] |
AAACT3280G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Trading of Uninterrupted Power Supply Systems,
C.V.T., Servo Stabilizers, Isolation Transformers, Invertor, Power
Conditioners and Batteries. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 392000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION DECLINED BY
|
Name : |
Ms. Shesta Khurana |
|
Designation : |
Accounts Department |
|
Date : |
24.02.2011 |
LOCATIONS
|
Registered Office/ Factory 1/ Operations
and Customer Support : |
Plot No. 240, F.I.E. Patparganj Industrial Area,
Patparganj, |
|
Tel. No.: |
91-11-22156985, 22156987 |
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Fax No.: |
91-11-42141152 |
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E-Mail : |
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Website : |
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Factory 2 : |
Plot No. 90, Sector-1, Parwanoo District Solan – 173 220, |
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Tel. No.: |
91-1792-235186 |
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E-Mail : |
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Marketing Office : |
794/1A, |
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Tel. No.: |
91-11-23684575, 41546121, 23533427, 23684575 |
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Fax No.: |
91-11-23684576 |
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E-Mail : |
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Area Office |
Located at: ·
·
·
·
·
Guwahati ·
·
Jaipur ·
Kolkata ·
·
Mumbai ·
Shimla ·
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DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Rajan Chadha |
|
Designation : |
Director |
|
Address : |
R-620, New Rajinder Nagar, |
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Date of Birth/Age : |
27.07.1958 |
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Date of Appointment : |
12.07.1993 |
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DIN No.: |
01611867 |
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Name : |
Mr. Rajiv Chatrath |
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Designation : |
Director |
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Address : |
1-A, Nizamuddin East, |
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Date of Birth/Age : |
09.10.1957 |
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Date of Appointment : |
12.07.1993 |
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DIN No.: |
01563253 |
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Name : |
Mr. Ajay Kumar Goswami |
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Designation : |
Director |
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Address : |
DDA MIG Flat No 175, Pocket B, Sector-14,
Dwarka, |
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Date of Birth/Age : |
01.03.1981 |
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Date of Appointment : |
23.03.2010 |
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DIN No.: |
03058948 |
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Name : |
Mr. Ranjeev Kapoor |
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Designation : |
Director |
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Address : |
112, 2nd Floor, Samaj Kalyan
Apartments, Vikaspuri, |
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Date of Birth/Age : |
20.06.1969 |
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Date of Appointment : |
23.03.2010 |
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DIN No.: |
03264915 |
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Name : |
Mr. Rajesh Goyal |
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Designation : |
Director |
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Address : |
Flat No. 142, Golden Height, Sector 12,
Pkt-8,Dwarka, |
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Date of Birth/Age : |
01.10.1960 |
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Date of Appointment : |
23.03.2010 |
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DIN No.: |
03264396 |
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Name : |
Mr. Brij Bhushan Nagpal |
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Designation : |
Director |
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Address : |
P-2, Ground Floor, Hauz Khas Enclave, |
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Date of Birth/Age : |
13.12.1958 |
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Date of Appointment : |
23.06.2009 |
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Date of Ceasing : |
23.03.2010 |
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DIN No.: |
01853613 |
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Name : |
Mr. Sunil Bhalla |
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Designation : |
Director |
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Address : |
21A C 4D, Janak Puri, |
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Date of Birth/Age : |
07.09.1965 |
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Date of Appointment : |
23.06.2009 |
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Date of Ceasing : |
23.03.2010 |
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DIN No.: |
00980040 |
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Name : |
Mr. Paresh Chandra Pradhan |
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Designation : |
Director |
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Address : |
Flat 612, Plot No.5, Sector – 9, Wtpbe
Apartments, Dwarka, |
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Date of Birth/Age : |
20.05.1967 |
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Date of Appointment : |
18.03.2010 |
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Date of Ceasing : |
23.03.2010 |
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DIN No.: |
02259057 |
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Name : |
Mr. Arunkumar Raghbir Lal Nagpal |
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Designation : |
Director |
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Address : |
68, Shivalik Apartments, Alaknanda, Kalka
Ji, |
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Date of Birth/Age : |
05.02.1962 |
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Date of Appointment : |
23.06.2009 |
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Date of Ceasing : |
18.03.2010 |
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DIN No.: |
02489685 |
KEY EXECUTIVES
|
Name : |
Ms. Shesta Khurana |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of
Shareholders |
Address |
No. of Shares |
|
Luminous Power Technologies Private Limited |
C-8 and C-9, Community Centre, Janak Puri, |
2547684 |
|
Rajan Chadha |
R-620, New Rajinder Nagar, |
601783 |
|
Rajiv Chatrath |
1-A, Nizamuddin East, |
601783 |
|
Arun Kumar Sharma |
2397, |
51250 |
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|
Total |
3802500 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
67.00 |
|
Directors
or relatives of directors |
|
31.65 |
|
Other
top fifty shareholders |
|
1.35 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Uninterrupted Power Supply Systems,
C.V.T., Servo Stabilizers, Isolation Transformers, Invertor, Power
Conditioners and Batteries. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2009)
|
Particulars |
Unit |
|
Installed
Capacity |
Actual
Production |
|
UPS Systems |
Nos. |
|
9800 |
4301 |
|
Isolation |
Nos. |
|
1500 |
448 |
|
Invertor |
Nos. |
|
100 |
8 |
|
Charger |
Nos. |
|
100 |
16 |
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PWA Card |
Nos. |
|
5000 |
2830 |
GENERAL INFORMATION
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Bankers : |
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Facilities : |
Note: All loans/ credit facilities from Banks are secured by Equitable mortgage of the properties owned by Directors of the company and further by hypothecation of all fixed assets of the company both present and future including plant and machinery except vehicles and also by personal, joint and several guarantees of Direcrtors, Mr. Davinder Puri, Mr. Rajiv Chatrath and Mr. Rajan Chadha.
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Sanjiv Sapra and Associates Chartered Accountants |
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Address : |
C-763, New Friends Colony, |
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Tel. No.: |
91-11-26919085/ 26929459/ 26837327 |
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Fax No.: |
91-11-26921792 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AABFS2119K |
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Associates : |
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CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3802500 |
Equity Shares |
Rs.10/- each |
Rs.38.025
millions |
|
|
|
|
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As on 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2560850 |
Equity Shares |
Rs.10/- each |
Rs.25.609
millions |
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|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
25.609 |
25.609 |
25.609 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
72.386 |
66.657 |
40.484 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
97.995 |
92.266 |
66.093 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
67.540 |
52.571 |
32.247 |
|
|
2] Unsecured Loans |
3.715 |
21.007 |
21.733 |
|
|
TOTAL BORROWING |
71.255 |
73.578 |
53.980 |
|
|
DEFERRED TAX LIABILITIES |
0.628 |
2.015 |
1.711 |
|
|
|
|
|
|
|
|
TOTAL |
169.878 |
167.859 |
121.784 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
14.744 |
19.490 |
19.941 |
|
|
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 |
51.429
|
52.907 |
35.409 |
|
|
Sundry Debtors |
170.964
|
191.706 |
136.515 |
|
|
Cash & Bank Balances |
4.702
|
16.491 |
13.806 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
16.637
|
24.742 |
15.419 |
|
Total
Current Assets |
243.732
|
285.846 |
201.149 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
68.085
|
124.908 |
84.371 |
|
|
Other Current Liabilities |
13.058
|
10.038 |
14.935 |
|
|
Provisions |
7.455
|
2.531 |
0.000 |
|
Total
Current Liabilities |
88.598
|
137.477 |
99.306 |
|
|
Net Current Assets |
155.134
|
148.369 |
101.843 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
169.878 |
167.859 |
121.784 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
|
|
|
|
|
|
|
|
Income |
560.460 |
485.379 |
378.077 |
|
|
|
Annual Maintenance Charges |
|
36.477 |
36.431 |
|
|
|
After Sales Services |
|
2.779 |
3.225 |
|
|
|
Other Income |
|
2.527 |
0.926 |
|
|
|
TOTAL (A) |
560.460 |
527.162 |
418.659 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
533.671 |
(4.873) |
(4.396) |
|
|
|
Manufacturing and Trading Cost |
|
387.723 |
309.759 |
|
|
|
Personnel Expenses |
|
38.925 |
28.294 |
|
|
|
Administrative, Selling and Distribution Expenses |
|
61.504 |
56.508 |
|
|
|
TOTAL (B) |
533.671 (including
depreciation and financial expenses) |
483.279 |
390.165 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
43.883 |
28.494 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
|
11.820 |
8.810 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
32.063 |
19.684 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
2.123 |
2.330 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
26.789 |
29.940 |
17.354 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.918 |
2.423 |
2.194 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
19.871 |
27.517 |
15.160 |
|
|
|
|
|
|
|
|
|
|
Prior Period Adjustments
|
-- |
(2.253) |
(0.183) |
|
|
|
Prior Period MAT
Credit Entitlement |
-- |
0.908 |
-- |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
66.656 |
40.484 |
25.507 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
|
|
|
|
|
Dividend |
12.000 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
2.141 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
72.386 |
66.656 |
40.484 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
27.467 |
37.071 |
26.086 |
|
|
|
Finished Goods |
1.061 |
0.703 |
0.019 |
|
|
TOTAL IMPORTS |
28.528 |
37.774 |
26.105 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.76 |
10.22 |
5.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
3.55
|
5.22 |
3.62 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
6.17 |
4.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.36
|
9.81 |
7.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.32 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.63
|
2.29 |
2.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.75
|
2.08 |
2.03 |
LOCAL AGENCY FURTHER INFORMATION
BACKGROUND:
The company is engaged in the business of manufacturing and trading of Uninterrupted
Power Supply Systems, C.V.T., Servo Stabilizers, Isolation Transformers,
Invertor, Power Conditioners and Batteries. It also renders Services to its
Clients for maintenance as well as for after sales services.
FINANCIAL RESULTS:
During the year
(2008-09) the Company has achieved a Turnover of Rs.560.460 millions against
Rs.527.161 millions during the previous year (2007-08). The Company’s Net
Profit was Rs.19.871 millions after providing Depreciation and Taxes as
compared to Net Profit 26.172 millions of Last year
FORM 8:
|
Corporate
identity number of the company |
U74899DL1993PTC054419 |
|
Name of the
company |
TRITRONICS INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 240, F.I.E. Patparganj Industrial Area,
Patparganj, E-Mail: s.bala@luminousindia.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
Bank of E-Mail: akandco@hotmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of
hypothecation of plant and machinery, stocks and book debts |
|
Date of
instrument Creating the charge |
05/11/2009 |
|
Amount secured by
the charge |
Rs.150.000 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: In Case of Cash
Credit (Stock) and (Book Debts) - 0.75% below BPLR presently 11.25% p.a. with
monthly rests. In Case of Guarantee
and Letter of Credit - 50% of the applicable card rate + service tax. Terms of
Repayment: Payable on
demand. Margin: In case of Cash
Credit (Stock) - 25% In case of Cash
Credit (Book Debts) - 35% (upto 120 days) In case of
Guarantee and Letter of Credit - 15% Extent and
Operation of the charge: First Pari Passu
Charge. Others: To secure all
amounts payable under various credit facilities of Rs.150.000 millions granted
to the company together with all interests, costs, charges, expenses etc. The
details of credit facilities are as under : 1) Cash Credit
(Stock) - Rs.10.000 millions, 2) Cash Credit (Book Debts) - Rs.20.000
millions Maximum
(1+2) - Rs.30.000 millions 3) Guarantee - Rs.115.000 millions, 4) Letter of Credit - Rs.35.000
millions Maximum (3+4) - Rs.120.000 millions Total Credit
Facility - Rs.150.000 millions. |
CONTINGENT
LIABILITIES: (As son 31.03.2009)
·
Guarantee given by Company’s Bankers outstanding as
at 31 March 2009 was Rs.41.023 millions.
FIXED ASSETS:
·
·
Tools and Testing Equipments
·
Office Equipments
·
Computer Equipments
·
Motor Vehicles
·
Furniture and Fixture
·
Computer Software
WEBSITE DETAILS:
PROFILE:
Tritronics is a professionally managed ISO-9001:2000 certified, manufacturer of UPS Systems, Inverters and other power conditioning equipments.
The latest, state-of-the-art, range of UPS systems, include IGBT-based, 20 KHz PWM technology, ONLINE type of UPS; microprocessor-based Line Interactive/ Sine wave UPS, OFFLINE/QUASI SINEWAVE type of UPS systems. They also manufacture and market other power conditioning equipment like Inverters and Power Plants for telecom application CVTs, Servo stabilizers and Isolation transformers. They have an installed base of more than 50,000 UPS Systems across the country, supported by over 65 Service Support Centers.
TIPL enjoys strong brand equity with the IT and Telecom players, in the Banking and Insurance segment; Central and State Governemtn departments; Defence services and PSU’s. The company has strong capabilities to handle large and multi location projects and has executed several, some directly and some as a sub vendor.
The factory based in 20,000 sq. ft. facility in Parwanoo which is Equipped with modern manufacturing and test equipment. At factory
· They have Computerized inventory, production, purchase, finance and logistics management.
· Dedicated team of experienced technicians, engineers and management staff to ensure timely delivery of the product.
· Stringent quality inspection at Incoming Raw Material, In-process, and for the Final Product with 100% “Burn In” to ensure better reliability of the products.
· Dedicated Technical Support team of engineers to customize the product as per the customers’ requirement
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.45.37 |
|
|
1 |
Rs.73.25 |
|
Euro |
1 |
Rs.62.68 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
TOTAL |
|
49 |
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.