MIRA
INFORM REPORT
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Report Date : |
03.01.2011 |
IDENTIFICATION DETAILS
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Name : |
GEODESIC TECHNIQUES PRIVATE LIMITED |
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Registered Office : |
No. 259, Abhishek Complex, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
30.12.1986 |
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Com. Reg. No.: |
08-008072 |
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CIN No.: [Company
Identification No.] |
U85110KA1986PTC008072 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Providers of Designing and Construction Services. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 2694400 |
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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 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 – April 1, 2010
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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 |
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Insignificant |
A1 |
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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 |
LOCATIONS
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Registered Office : |
No. 259, Abhishek Complex, |
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Tel. No.: |
91-80-42971200 |
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E-mail: |
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Websites: |
http://www.geodesictechniques.com
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Corporate Office: |
No. 4, 4th Cross, Peenya Industrial Estate, |
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Tel. No.: |
91-80-241524030/ 28371502/28371503/28394230 |
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Fax No.: |
91-80-28371502 |
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Administrative Office : |
# 48, 10th A, Main 17th Cross, Malleswaram, |
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Branch Office : |
Located at:
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DIRECTORS
AS ON 08.09.2010
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Name : |
Mr. Srinidhi Anantharaman |
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Designation : |
Managing Director |
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Address : |
No.48, 10th
A Main, 17th Cross, Malleswaram, |
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Date of Birth/Age : |
24.11.1958 |
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Qualification : |
B. Tech M. Engineering Sce. (Syd), MIT.FIA |
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Date of Appointment : |
30.12.1986 |
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Name : |
Mrs. Mythili Anantharaman |
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Designation : |
Director |
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Address : |
No.48, 10th
A Main, 17th Cross, Malleswaram, |
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Date of Birth/Age : |
23.02.1962 |
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Date of Appointment : |
18.06.2002 |
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Name : |
Mr. M Pradyumna |
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Designation : |
Director – Design |
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Address : |
No.2, ITI
Layout, Banashankari, 3rd Stage, |
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Date of Birth/Age : |
01.05.1957 |
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Date of Appointment : |
01.01.2007 |
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Name : |
Mr. S. Muralidhar |
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Designation : |
Director – Finance |
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Flat # 1211/1212,
Mayflower Apartments, Brigade, Millenium, J P Nagar, Phase 7, |
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Date of Birth/Age : |
01.11.1958 |
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Date of Appointment : |
01.01.2007 |
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Name : |
Mr. Vikram S. Godse |
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Designation : |
Nominee Director |
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Address : |
132, Shaan
Apartment, |
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Date of Birth/Age : |
27.02.1973 |
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Date of Appointment : |
15.07.2008 |
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Name : |
Mr. Nikhil Khattau |
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Designation : |
Nominee Director |
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63, Chitrakoot, |
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Date of Birth/Age : |
20.03.1963 |
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Date of Appointment : |
15.07.2008 |
KEY EXECUTIVES
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Name : |
Mr. Mabaksira Purnachar Badrinath |
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Designation : |
Secretary |
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Address : |
95, 1st Cross, 3rd Main , VHBCS Layout, Mahalaxmi Puram, P
O , |
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Date of Birth/Age : |
19.01.1947 |
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Date of Appointment : |
01.11.2007 |
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Date of Ceasing : |
01.04.2009 |
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Name : |
R K Bhat and Company |
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Designation : |
Company secretary |
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Address : |
No. 105/8 and 15, |
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Tel No.: |
91-80-2327737 / 25587377 (Residential. 91-80-26796726) |
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Fax No. : |
91-80-51132211 |
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Email : |
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Name : |
LT. Col. T. A. Srinivas |
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Designation : |
Vice President – Project |
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Name : |
Mr. Biligiri Vasu |
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Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 08.09.2010
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Names of Shareholders (Equity Shares) |
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No. of Shares |
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Srinidhi Anantharaman |
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2436030 |
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Srinidhi Anantharaman and Mythili
Anantharaman |
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37050 |
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H.A. Gopinath |
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2400 |
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Mythili Anantharaman |
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186750 |
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Mythili Anantharaman and Srinidhi
Anantharaman |
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14550 |
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H.N. Anantharaman |
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18500 |
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H.A. Gopinath and Veena Gopinath |
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1500 |
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N.K. Ranganath |
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48120 |
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Vandana Murthy |
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12000 |
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M. Pradyumna |
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116000 |
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Sridevi Prasad and Roopa |
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38100 |
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Sandeep Lal |
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6000 |
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Amit Roy |
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6000 |
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Gopal Navale |
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6000 |
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Jyothi C, Ubhayakar |
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40000 |
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Prakash Rao |
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110000 |
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S. Muralidhar |
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110000 |
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Y.S. Nagaraja |
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70000 |
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Sumitra Iyengar |
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40000 |
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B.C. Mahesha |
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5000 |
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C.H. Mallikarjun |
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5000 |
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K. Lingaraju |
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5000 |
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Kedarnath |
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5000 |
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R. Kamalahasan |
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5000 |
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S.S. Loganathan |
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5000 |
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Shashikiran Saralaya |
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5000 |
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Vasuda S.G. |
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5000 |
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Vijayakumar Nair |
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5000 |
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B. Mahesha |
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5000 |
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B.S.J. Muralidhar |
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5000 |
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Raghu K. Hiremagalur |
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1000 |
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Mayfield FVCI Limited, |
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75 |
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SVB |
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25 |
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Total |
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3355100 |
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Names of Shareholders (Preference Shares) |
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No. of Shares |
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Mayfield FVCI Limited |
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777780 |
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SVB |
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222220 |
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Total |
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1000000 |
AS ON 08.09.2010
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
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0.03 |
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Directors
or relatives of directors |
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99.97 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Providers of Designing and Construction Services. |
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GENERAL INFORMATION
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Customers : |
· Infosys Technologies · Tata Consultancy Services · Divyashree Developers |
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No. of Employees : |
300 |
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Bankers : |
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Financial Institutions : |
Tata Capital
Limited, One Forbes, Dr V B Gandhi Marg, Fort , Mumbai – 400001, |
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Facilities : |
Note: i) The vehicle
loans are secured by charge over motor vehicles. ii) The Company
has fund based cash credit facilities, term loans and buyer’s credit for
purchase of Plant and Machinery with State Bank of India (SBI). The cash
credit facilities are repayable on demand. The term loan have been repaid by
November 2009. The Buyer’s credit is due within one year. The cash credit
facilities term loans and the Buyer’s Credit are secured by : a) Hypothecation
of entire current assets and fixed assets – present and future of the
company. b) Personal
guarantee of Mr. Srinidhi Anantharaman, Managing Director, Smt. Mythili
Anantharaman, Whole-time director and Mr. H.N. Anantharaman (relative of
Managing Director) and also secured by corporate guarantee of M/s Indian Structurals
and Conveyors Private Limited. iii) The cash
credit facilities and term loans are collaterally secured by specified land
and building belonging to Mr. H.N. Anantharaman (relative of Managing
Director) and factory land and building belonging to M/s. Indian Structurals
and Conveyors Private Limited and a cash collateral of Rs.12.500 millions
kept as a fixed deposit. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S.R. Batliboi and Associates Chartered Accountants |
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Address : |
12th and 13th Floor, UB City, |
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Tel No.: |
9180-40275000 |
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Fax No.: |
91-80-22106000 |
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Subsidiary Company : |
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CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5150000 |
Equity Shares |
Rs.10/- each |
Rs.51.500 millions |
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1000000 |
Series A Compulsorily
Convertible Preference Shares |
Rs.10/- each |
Rs.10.000 millions |
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Total |
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Rs.61.500
millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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3355100 |
Equity Shares |
Rs.10/- each |
Rs.33.551
millions |
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1000000 |
Series A
Compulsorily Convertible Preference Shares |
Rs.10/- each |
Rs.10.000 millions |
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Total |
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Rs.43.551
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
43.551 |
43.551 |
33.550 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
630.058 |
582.713 |
73.730 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
673.609 |
626.264 |
107.280 |
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LOAN FUNDS |
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1] Secured Loans |
321.579 |
255.284 |
138.621 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
321.579 |
255.284 |
138.621 |
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DEFERRED TAX LIABILITIES |
0.731 |
2.627 |
1.017 |
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TOTAL |
995.919 |
884.175 |
246.918 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
152.025 |
161.052 |
79.706 |
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Capital work-in-progress |
133.428 |
3.013 |
2.134 |
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INVESTMENT |
0.521 |
0.667 |
0.390 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
38.105
|
37.532
|
29.820 |
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Sundry Debtors |
477.137
|
590.825
|
242.269 |
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Cash & Bank Balances |
67.840
|
78.839
|
33.333 |
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Other Current Assets |
318.857
|
125.243
|
30.822 |
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Loans & Advances |
89.552
|
128.828
|
51.809 |
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Total
Current Assets |
991.491
|
961.267 |
388.053 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
245.660
|
198.366
|
126.644 |
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Other Liabilities |
30.362
|
40.305
|
75.912 |
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Provisions |
5.524
|
3.153
|
20.809 |
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Total
Current Liabilities |
281.546
|
241.824
|
223.365 |
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Net Current Assets |
709.945
|
719.443
|
164.688 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
995.919 |
884.175 |
246.918 |
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PROFIT & LOSS
ACCOUNT
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|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
1036.836 |
1325.637 |
692.288 |
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Other Income |
22.363 |
9.591 |
6.892 |
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TOTAL (A) |
1059.199 |
1335.228 |
699.180 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
900.331 |
1150.509 |
580.172 |
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Advertising Expenses |
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TOTAL (B) |
900.331 |
1150.509 |
580.172 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
158.868 |
184.719 |
119.008 |
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Less |
FINANCIAL
EXPENSES (D) |
56.580 |
38.841 |
25.932 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
102.288 |
145.878 |
93.076 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
29.339 |
18.221 |
12.603 |
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PROFIT BEFORE
TAX (E-F) (G) |
72.949 |
127.657 |
80.473 |
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Less |
TAX (H) |
25.605 |
45.155 |
30.809 |
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PROFIT AFTER TAX
(G-H) (I) |
47.344 |
82.502 |
49.664 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
154.681 |
72.179 |
NA |
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BALANCE CARRIED
TO THE B/S |
202.025 |
154.681 |
NA |
|
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IMPORTS |
|
|
|
|
|
|
|
Services |
0.107 |
1.245 |
NA |
|
|
|
Capital Goods |
1.176 |
1.790 |
NA |
|
|
TOTAL IMPORTS |
1.283 |
3.035 |
NA |
|
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Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
14.11 |
24.59 |
-- |
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Diluted |
9.23 |
18.18 |
-- |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.46
|
6.18
|
7.10 |
|
|
|
|
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
7.03
|
9.63
|
11.62 |
|
|
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|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.37
|
11.37
|
17.20 |
|
|
|
|
|
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.20
|
0.75 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.89
|
0.79
|
3.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.52
|
3.98
|
1.74 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS AVAILABLE FOR
(Rs.
In millions)
|
PARTICULARS |
AS ON 31.03.2010
|
AS ON 31.03.2009 |
AS ON 31.03.2008 |
|
Sundry Creditors |
|
|
|
|
Due to Micro, Small and Medium Enterprises* |
208.854 |
-- |
-- |
|
Due to Others |
36.806 |
198.366 |
126.644 |
OPERATIONS:
During the year the company has achieved a total turnover of
Rs. 1059.199 Millions (including other income of Rs. 22.363 Millions) as compared
to Rs 1335.228 Millions (including other income of Rs. 9.59 Millions) in the
previous financial year.
During the year, the profit before financing
charges and depreciation amounted to Rs. 158.868 Millions as against Rs.
186.507 Millions in the previous financial year.
This is in the back ground of the slowdown in
the infrastructure and building space the world over including
FUTURE PROSPECTS
The Company commenced the year with a very
strong order book and the first green shoots of recovery in the economy translating
into considerable increase in opportunities and interest in the Company’s
offerings.
In the year 2010-11, the Company intends to
focus on putting the Bidar fabrication facility on a strong footing to
consistently deliver 3000 tons of fabricated structural components per month.
It is expected that the continued focus on business development would add
substantially to the order book in the current year.
The Company in the long term intends to
harvest the benefits of the increased use of steel in the construction
industry. To this end, the Company has made investments in product, prototype
development and new technologies for efficient and increased use of steel
in multi-storied and very tall buildings.
FORM 8
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Name of the company |
GEODESIC TECHNIQUES PRIVATE LIMITED |
|
Presented By |
GEODESIC
TECHNIQUES PRIVATE LIMITED and State Bank of |
|
1) Date and description of instrument creating the change |
21.09.2005 agreement of hypothecation of goods and assets
Letter re : the grant of individual limits within the overall limit Both the above pertain to the same charge |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 35.000 millions CC : Rs. 15.000 millions ; Term Loan Rs. 5.000 millions letter of credit Rs: 5.000 millions Bank guarantee Rs. 10.000 millions 100 % interflexibility between LC and BG Limits permitted on a case to case basis |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of all present and future goods, Book debts and all other movable assets of the borrower including document of title to goods outstanding monies, receivables including receivables by way of cash assistance and cash incentives under the cash incentive scheme or any other scheme, claims including claims by way of refund of customer duties under the duty draw back credit scheme or any other scheme, bills, invoice documents, contacts insurance policies, guarantees, engagements, securities, investment right and the present machinery and all future machinery belonging to or in the possession or under the control of the borrower wherever lying stored and kept whether in the possession of the borrower or of the bank or of the nay third party whether in India or elsewhere thorough the world including all such goods, other movable assets as may be in course of shipment, transit of delivery by way of first charge. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of Interest : CC – 11.25 % p.a. being 1 % over SBAR with monthly rests TL : : CC – 11.75 % p.a. being 1.5 % over SBAR with monthly rests
Margin : CC 25 % TL : 33.33 %
Repayment : CC. On Demand TL : in 40 equal monthly installments of Rs. 0.125 millions commencing from the month of October, 2005 |
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5) Name and Address and description of the person entitled to the charge. |
State Bank of |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
|
This form is for |
Creation of charge |
|
Corporate
identity number of the company |
U85110KA1986PTC008072 |
|
Name of the
company |
GEODESIC
TECHNIQUES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No. 259, Abhishek Complex, |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
Tata Capital
Limited, One Forbes, Dr V B Gandhi Marg, Fort , Mumbai – 400001, |
|
Nature of description
of the instrument creating or modifying the charge |
Loan Cum
Hypothecation Cum Guarantee Agreement Dated 13.10.2010 |
|
Date of
instrument Creating the charge |
13.10.2010 |
|
Amount secured by
the charge |
Rs.15.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Long Term Lending
rate (LTLR) @ 15.50% p.a. Rate of Interest
@ 2.00% p.a. below LTLR, subject to a minimum of 11.00% p.a. Terms of
Repayment Principal amount
to be repaid in 35 monthly installments of Rs.0.400 million and 36th
installment of Rs.4,00,073/- commencing from 10.11.2010 and ending on
10.10.2013 Margin Margin @ 22.53 %
of Invoice / Machine Value Extent and
Operation of the charge The Charge
extends to the due repayment of the principal amount of Rupees 15.000
millions including Interest, Additional Interest, Charges, Costs, Expenses
and all other monies payable under the Loan Agreement dated 13.10.2010 In case of
default in payment of interest, principal or monies payable under the Loan
Agreement from the due date additional
interest @ 4% p.a. will be levied as penal interest |
|
Short particulars
of the property charged |
|
FIXED ASSETS:
- Building
- Shed at Bidar
- Plant and
Machinery
- Computers
- Office
Equipment
- Motor Vehicles
- Furniture and
Fittings
- Software
WEBSITE DETAILS:
PROFILE:
Subject is founded on a four-decade long civil engineering heritage and
is led by a team of well-qualified and experienced professionals from the
fields of civil engineering, architecture and construction.
The company offers design and construction services to match budgets and
performance needs of clients across a wide spectrum of applications, meeting
stringent quality and safety standards.
The company's expertise in diverse construction techniques enable it to create
innovative and customized solutions to suit every application.
Subject has executed challenging design and construction projects for
companies in the private and public sector, government departments and
individual entrepreneurs.
The company's design and construction projects include factories, offices,
stadiums, auditoriums, hotels, temples and diverse utility outlets.
SERVICES:
Design, Construction Management and Turnkey Construction Services in the
field of large-span high-rise commercial, industrial and speciality buildings.
Turnkey Construction
· Large span and/or high rise economical, industrial and specialty building projects
· Integration of architectural engineering, structural engineering and design and construction management capabilities
· Design and construction contracts on lumpsum and cost plus basis
Design and Build
· Automated design process
· Sourcing of wide range of materials and products efficiently and economically
· Large team of trained work force for executing complex pre-fabricated structures
Architectural Engineering
· Architectural detailing of building elements
· Product development in glass, aluminium, steel, fabric and other materials
· Spatial planning for meterial movement and circulation
· Integration of environmental control and energy conservation with intelligent building services
· Design of building forms and function
· Construction metrials and methods
· Design optimisation
· Industrial engineering and process planning
Structural Engineering
· Analysis, design and optimization of structural elements and systems.
· Automated analysis, design and drafting
· Customized and standardized design solutions
· Sophisticated finite element techniques and simulation
· Specialized tools for development of geometrical and mathematical models
· Understanding and advising on structural behaviour
Design and Construction Management
· Design management and co-ordination
· Site selection, schematics and fast-track construction
· Planning and control of activities, costs and time schedules
· Quality and safety management
· Sophisticated
information systems
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.44.81 |
|
|
1 |
Rs.69.28 |
|
Euro |
1 |
Rs.59.81 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.