1. Summary Information
|
|
|
Country |
|
|
Company Name |
PROTOS
ENGINEERING COMPANY PRIVATE LIMITED |
Principal Name 1 |
Mr. Bejonji Dadi Engineer |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Vinod Jamnadas Mehta |
|
|
|
Registration # |
11-7221 |
|
Street Address |
Thakur Niwas,
173, |
||
|
Established Date |
28.06.1949 |
SIC Code |
-- |
|
Telephone# |
91-22-66287000 /
22028134 / 22026848 / 22020365 / 22027286 / 22020263 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-22-66287098 /
22021716 / 22028199 |
Business Style 2 |
Dealers |
|
Homepage |
Product Name 1 |
Diesel engines |
|
|
# of employees |
-- |
Product Name 2 |
Dynamos |
|
Paid up capital |
Rs.2,961,000/- |
Product Name 3 |
Transformers |
|
Shareholders |
Bodies corporate – 45.64% Directors or relatives of directors – 51.40% Other top fifty (50) shareholders – 2.96% |
Banking |
HDFC Bank |
|
Public Limited Corp. |
NO |
Business Period |
62 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary
|
|
Delimon Protos India
Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
71,173,000 |
Current Liabilities |
42,654,000 |
|
Inventories |
9,430,000 |
Long-term Liabilities |
14,157,000
|
|
Fixed Assets |
60,911,000 |
Other Liabilities |
0 |
|
Deferred Assets |
1,749,000 |
Total Liabilities |
56,811,000 |
|
Invest& other Assets |
159,392,000 |
Retained Earnings |
242,883,000 |
|
|
|
Net Worth |
245,844,000 |
|
Total Assets |
302,655,000 |
Total Liab. & Equity |
302,655,000 |
|
Total Assets (Previous Year) |
287,996,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
129,162,000 |
Net Profit |
7,436,000 |
|
Sales(Previous yr) |
116,866,000 |
Net Profit(Prev.yr) |
6,664,000 |
MIRA
INFORM REPORT
|
Report Date : |
23.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
PROTOS ENGINEERING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Thakur Niwas, 173, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
28.06.1949 |
|
|
|
|
Com. Reg. No.: |
11-7221 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.961 millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U29220MH1949PTC007221 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturers, Repairers and
Dealers in diesel engines, dynamos, motors, amatures, magnetos, batteries,
conductors, insulators, transformers, converters, irons, glass, pottery,
rubber, etc. |
|
|
|
|
No. of Employees : |
Not available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 983000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Harshadray Group. It is a well established and a
reputed 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 good for normal 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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
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 : |
Thakur Niwas, 173, |
|
Tel. No.: |
91-22-66287000 / 22028134 /
22026848 / 22020365 / 22027286
/ 22020263 |
|
Fax No.: |
91-22-66287098 / 22021716 /
22028199 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located at ·
·
Kolkata ·
Chennai |
DIRECTORS
As on 29.09.2010
|
Name : |
Mr. Bejonji Dadi Engineer |
|
Designation : |
Director |
|
Address : |
Flat No. 4 (1st Floor), Shiv Shanti Bhuvan, M |
|
Date of Birth/Age : |
02.05.1933 |
|
Date of Appointment : |
30.09.1974 |
|
DIN No. : |
00047028 |
|
|
|
|
Name : |
Mr. Vinod Jamnadas Mehta |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 20-A, 4th Floor, Thakur Niwas, Co-Operative
Housing Society, 173, |
|
Date of Birth/Age : |
11.04.1932 |
|
Date of Appointment : |
29.01.2008 |
|
DIN No. : |
00087505 |
|
|
|
|
Name : |
Mr. Shishir Kisonlal Diwanji |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
23.10.1939 |
|
Date of Appointment : |
03.07.1987 |
|
DIN No. : |
00087529 |
|
|
|
|
Name : |
Mr. Utsav Rasiklal Kapadia |
|
Designation : |
Director |
|
Address : |
131, Mehr-Naz, Cuffe Parade Reclamation, Colaba, Mumbai – 400 005, |
|
Date of Birth/Age : |
06.03.1952 |
|
Date of Appointment : |
29.04.1998 |
|
DIN No. : |
00034154 |
|
|
|
|
Name : |
Mr. Premal Narendra Kapadia |
|
Designation : |
Director |
|
Address : |
6, Haveli, 19 L D Ruparel Marg, Mumbai – 400 006, |
|
Date of Birth/Age : |
05.06.1949 |
|
Date of Appointment : |
30.06.1999 |
|
DIN No. : |
00042090 |
|
|
|
|
Name : |
Mr. Nanak Gunendra Sheth |
|
Designation : |
Director |
|
Address : |
D-2 A/4, Vasant Vihar, Paschimi Marg, |
|
Date of Birth/Age : |
05.07.1941 |
|
Date of Appointment : |
30.06.1999 |
|
DIN No. : |
00034057 |
|
|
|
|
Name : |
Mr. Aditya Premal Kapadia |
|
Designation : |
Whole Time Director |
|
Address : |
6, Haveli, 19, L A Ruparel Marg, Mumbai – 400 006, |
|
Date of Birth/Age : |
14.10.1973 |
|
Date of Appointment : |
18.10.2000 |
|
DIN No. : |
00087520 |
|
|
|
|
Name : |
Mr. Jaya Rama Shamby Mally |
|
Designation : |
Whole Time Director |
|
Address : |
3/62, Parag Society, C-9 Roop Nagar, Bandra (East), Mumbai – 400 051, |
|
Date of Birth/Age : |
05.06.1948 |
|
Date of Appointment : |
01.04.2006 |
|
DIN No. : |
00199463 |
KEY EXECUTIVES
|
Name : |
Mr. Victor Elesbano Mascarenhas |
|
Designation : |
Secretary |
|
Address : |
Greenlands, 14, |
|
Date of Birth/Age : |
23.03.1936 |
|
Date of Appointment : |
01.09.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 29.09.2010)
|
Names of Shareholders |
No. of Shares |
|
Utsav Rasiklal Kapadia |
3537 |
|
Harshadray Private Limited ( |
13514 |
|
Nirmal Harkishan Kapadia |
1334 |
|
Rama Narendra Kapadia |
2716 |
|
Premal Narendra Kapadia |
2421 |
|
Rekha H Kapadia |
4295 |
|
Nini Yogesh Kothati |
723 |
|
Utsav Rasiklal Kapadia |
719 |
|
Anandi Ramesh Vangal |
192 |
|
Mrinalini Raj Kochar |
302 |
|
Devika Chandrakant Shah |
394 |
|
Silloo Dadi Engineer |
24 |
|
Harcharan Das |
26 |
|
Raj Kochar |
130 |
|
Shefali Kapadia |
1358 |
|
Bharat Kapadia |
1358 |
Equity share
breakup (percentage of total equity)
(As on 29.09.2010)
|
Category |
Percentage |
|
Bodies corporate |
45.64 |
|
Directors or relatives of directors |
51.40 |
|
Other top fifty (50) shareholders |
2.96 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, Repairers
and Dealers in diesel engines, dynamos, motors, amatures, magnetos,
batteries, conductors, insulators, transformers, converters, irons, glass,
pottery, rubber, etc. |
GENERAL INFORMATION
|
Bankers : |
·
Bank of ·
State Bank of ·
HDFC Bank, Senapati Bapat Marg, Lower Parel (West),
Mumbai – 400013, |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
Note 1. Loan from Bank in Cash Credit account is secured by as under : ·
Hypothecation of book debts and guaranteed by
some of the directors of the company ·
By equitable mortgage by deposit of title deed of
Residential premises bearing unit 20A 2. Secured by hypothecation of vehicles taken under hire purchase
arrangement |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Housing Development
Finance Corporation Limited, Ramon House, H T Parekh Marg, 169, Backbay
Reclamation, Mumbai – 400 020 |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
12, |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679025 |
|
|
|
|
Associates : |
Sortimat Protos
Automation Private Limited |
|
|
|
|
Subsidiaries : |
Delimon Protos India Private
Limited Thakur Niwas, 173, |
|
|
|
|
Holding Company : |
Harshadray Private Limited |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29608 |
Equity Shares |
Rs.100/- each |
Rs.2.961 millions |
|
470392 |
Unclassified Shares |
Rs.100/- each |
Rs.47.039 millions |
|
|
Total |
|
Rs.50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29608 |
Equity Shares |
Rs.100/- each |
Rs.2.961
millions |
Notes
Of the above shares
·
1250 Equity shares have
been allotted as fully paid up pursuant to a contract without payment being received
in cash.
·
3100 Equity shares have
been allotted as fully paid bonus shares by capitalization of general reserve.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.961 |
2.961 |
2.961 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
242.883 |
238.900 |
235.700 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
245.844 |
241.861 |
238.661 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
14.157 |
2.726 |
4.837 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
14.157 |
2.726 |
4.837 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
260.001 |
244.587 |
243.498 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
60.911 |
64.198 |
59.317 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
159.392 |
163.211 |
164.317 |
|
|
DEFERREX TAX ASSETS |
1.749 |
0.254 |
0.254 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.430
|
5.373 |
6.844
|
|
|
Sundry Debtors |
31.149
|
14.255 |
38.232
|
|
|
Cash & Bank Balances |
6.700
|
16.100 |
6.551
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
33.324
|
24.605 |
17.653
|
|
Total
Current Assets |
80.603
|
60.333 |
69.280 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
23.087
|
20.636 |
32.362
|
|
|
Other Current Liabilities |
1.217
|
0.026 |
0.029
|
|
|
Provisions |
18.350
|
22.747 |
17.279
|
|
Total
Current Liabilities |
42.654
|
43.409 |
49.670
|
|
|
Net Current Assets |
37.949
|
16.924 |
19.610
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
260.001 |
244.587 |
243.498 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
129.162 |
116.866 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
118.257 |
113.802 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.905 |
3.064 |
34.970 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (D) |
8.784 |
7.842 |
5.432 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (C-D) (E) |
2.121 |
(4.778) |
29.538 |
|
|
|
|
|
|
|
|
|
Less |
TAX (F) |
(5.315) |
(11.442) |
3.017 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(E-F) (G) |
7.436 |
6.664 |
26.521 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
108.491 |
105.957 |
98.863 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.744 |
0.666 |
12.500 |
|
|
|
Dividend |
2.961 |
2.961 |
5.921 |
|
|
|
Tax on Dividend |
0.491 |
0.503 |
1.006 |
|
|
BALANCE CARRIED
TO THE B/S |
111.731 |
108.491 |
105.957 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
39.908 |
53.389 |
47.690 |
|
|
TOTAL EARNINGS |
39.908 |
53.389 |
47.690 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchases of traded goods |
30.425 |
5.649 |
18.935 |
|
|
TOTAL IMPORTS |
30.425 |
5.649 |
18.935 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
251.15 |
225.08 |
895.79 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.76 |
5.70 |
-- |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.50
|
5.35 |
20.62
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
(0.02) |
0.12
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.23
|
0.19 |
0.23
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.89
|
1.39 |
1.39
|
LOCAL AGENCY FURTHER INFORMATION
Form No. 8
|
Corporate
identity number of the company |
U29220MH1949PTC007221 |
|
Name of the
company |
PROTOS ENGINEERING COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Thakur Niwas, 173, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
HDFC Bank, Senapati Bapat Marg, Lower Parel (West), Mumbai
– 400013, |
|
Nature of
instrument creating charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Delivery of Title
Deeds. |
|
Date of instrument
Creating the charge |
05.02.2011 |
|
Amount secured by
the charge |
Rs.10.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of
repayment On Demand. Margin As may be
stipulated by the Bank from time to time. Extent and
operation of the charge The Company
created an equitable mortgage by way of deposit of title deeds in respect of its
immovable properties as stated under item No.15 as security for the due
repayment of Rs.100 Lacs by the Company, including principal amount of the
Facility, interest, liquidated damages, costs, charges and expenses etc. |
|
Short Particulars
of the property charged |
Immovable
properties being Flat No.B-6, 5th Flr,
Garage No.2, Rashmi Co-op Housing Society Limited, 11 B, |
Fixed Assets
·
·
Buildings
·
Equipments
·
Furniture and Fittings
·
Computers
·
Vehicles
·
Plant and Machinery
Web Details
Making
Available Modern Machinery
It was in the year
1949, that a group of Indian Industrialists and businessmen came together with
their German counterparts and promoted a marketing organisation that could make
available modern machinery and technology to industry in
The fact that
there was a need for such an organisation was evident from the immediate
success of subject. The Company has been associated over the years with a
number of projects in a variety of industries, e.g. automobile, cement,
fertiliser, oil, petrochemicals, pharmaceuticals, plastic, power, steel, sugar
etc. Taking their service further, the company also acts as an indenting agent
for the supply of different grades and quality of ferrous, non-ferrous and
exotic metals.
Entering
The Area Of Manufacturing
During the course
of the past few years, Subject has embarked on manufacturing activities as
well. Along with their principals, the company set up Delimon Protos India
Private Limited, to manufacture High Pressure Centralised Lubrication Systems
to meet the growing demand and solve the problem of excessive wear and tear and
Sortimat Technology India Private Limited, at Pune, for the manufacture of
Automatic Assembly Machines with German Technology to improve efficiency and
bring down cost of assembly.
Harshadray Group
Subject belongs to
the Harshadray Group. Here is the listing of Harshadray Group Companies and the Various Activities of the Harshadray Group
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.44.82 |
|
|
1 |
Rs.72.84 |
|
Euro |
1 |
Rs.64.58 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
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 |
|
47 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.