MIRA
INFORM REPORT
|
Report Date : |
08.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
TRINITY TOUCH PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
URANUS AGENCIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D 10 Defence Coloney, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.06.1970 |
|
|
|
|
Com. Reg. No.: |
55-005320 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 108.963 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1970PTC005320 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELT04815G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT4747M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
High Quality Cable Glands, Wiring Duct, Din Rail, Tribox Enclosures and
Electronic. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
The company has performed well in the current year. Trade relations are reported
to be fair. Business is active. Payments are reported to be usually correct
and as per commitment. The company can be considered for normal business dealing at usual
trade terms and condition. |
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, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office/ Corporate Office : |
D 10 Defence Coloney, |
|
Tel. No.: |
91-11-30895900/ 30895933 |
|
Fax No.: |
91-11-30895998 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Prithla-Dudhola Road, Dudhola District Palwal – 121102, Haryana, India |
|
Tel. No.: |
91-11-30895940 |
|
E-Mail : |
|
|
|
|
|
International Sales Contact : |
|
|
|
|
|
Regional Offices : |
Located At: · Pune ·
· Ahmedabad ·
· Mumbai · Chennai · Kolkata |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Dinesh Parwanda |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
S-523, Greater Kailash Part II, New Delhi – 110048, Delhi, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.11.1959 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.06.1980 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00442765 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Reena Parwanda |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
S-523, Greater Kailash Part II, New Delhi – 110048, Delhi, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.03.1965 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.02.2009 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02543247 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Salig Ram Parwanda |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
S-523, Greater Kailash Part II, New Delhi – 110048, Delhi, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.08.1934 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.01.2006 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02435961 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sachin Verma |
|
Designation : |
Secretary |
|
Address : |
8/388, Anandi Pura, Modi Nagar, Ghaziabad – 201204, Uttar Pradesh,
India |
|
Date of Birth/Age : |
07.12.1979 |
|
Date of Appointment : |
01.03.2008 |
|
PAN No.: |
ADXPV1623J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dinesh Parwanda |
|
551237 |
|
Trinity Touch Europe Limited, UK |
|
313813 |
|
Parwanda Investment Private Limited |
|
75000 |
|
Reena Parwanda |
|
89583 |
|
Ishaan Parwanda |
|
30000 |
|
Shunal Parwanda |
|
30000 |
|
Total |
|
1089633 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
28.80 |
|
Bodies corporate |
|
6.88 |
|
Directors or relatives of directors |
|
64.32 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
High Quality Cable Glands, Wiring Duct, Din Rail, Tribox Enclosures and
Electronic. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
Indian Overseas Bank, HS-31, Kailash Colony, New Delhi – 110048, India
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bansal and Company Chartered Accountant |
|
Address : |
A-6, Maharani Bagh, |
|
Tel. No.: |
91-11-41626470-71 |
|
Fax No.: |
91-11-41328425 |
|
E-Mail : |
|
|
Pan No.: |
AAAFB6603L |
|
|
|
|
Companies in which
Key Management Person or his relative have substantial interest/significance
influence (2011) |
· Parwanda Investment Private Limited ·
Phoenix Contact India Private Limited |
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.100/- each |
Rs. 125.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1089633 |
Equity Shares |
Rs.100/- each |
Rs. 108.963
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
108.963 |
108.963 |
108.963 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
462.378 |
427.682 |
482.323 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
571.341 |
536.645 |
591.286 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
53.570 |
44.933 |
46.460 |
|
|
2] Unsecured Loans |
146.041 |
223.942 |
159.827 |
|
|
TOTAL BORROWING |
199.611 |
268.875 |
206.287 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
1.889 |
2.647 |
|
|
|
|
|
|
|
|
TOTAL |
770.952 |
807.409 |
800.220 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
440.591 |
440.239 |
436.801 |
|
|
Capital work-in-progress |
0.000 |
6.277 |
1.738 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
69.423 |
69.423 |
|
|
DEFERREX TAX ASSETS |
0.949 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
177.001
|
187.592
|
|
|
Sundry Debtors |
|
66.615
|
93.753
|
|
|
Cash & Bank Balances |
|
9.853
|
11.473
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
94.988
|
261.830
|
|
Total
Current Assets |
|
348.457
|
554.648
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
40.844
|
89.767
|
|
|
Other Current Liabilities |
|
12.550
|
16.728
|
|
|
Provisions |
|
3.593
|
155.895
|
|
Total
Current Liabilities |
|
56.987
|
262.390
|
|
|
Net Current Assets |
329.412
|
291.470
|
292.248
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
770.952 |
807.409 |
800.220 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
332.270 |
300.303 |
|
|
|
Other Income |
|
42.865 |
47.114 |
|
|
|
TOTAL |
704.511 |
375.135 |
347.417 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
385.071 |
348.665 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
Financial Expenses |
|
|
|
|
|
|
TOTAL |
672.654 |
385.071 |
348.665 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
31.587 |
(9.936) |
(1.248) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
45.462 |
43.278 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
31.857 |
(55.398) |
(44.526) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(2.839) |
(0.757) |
(0.038) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
34.696 |
(54.641) |
(44.488) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
472.748 |
517.236 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
418.107 |
472.748 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
6.047 |
3.567 |
|
|
TOTAL EARNINGS |
NA |
6.047 |
3.567 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
120.274 |
103.930 |
|
|
TOTAL IMPORTS |
NA |
120.274 |
103.930 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
31.84 |
(50.15) |
(40.83) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.93
|
(15.10)
|
(12.81) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
(16.67)
|
(14.83) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.14
|
(7.02)
|
(4.49) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
(0.10)
|
(0.07) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.35
|
0.61
|
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
6.11
|
2.11 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90044418 |
|
Corporate identity
number of the company |
U74899DL1970PTC005320 |
|
Name of the
company |
TRINITY TOUCH
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
D 10 Defence Coloney, |
|
Type of charge |
· Book Debts · Movable Property [not being pledge] · Floating Charge · Immovable Property · Others |
|
Particular of
charge holder |
Indian Overseas Bank – HS-31, Kailash Colony, New Delhi – 110048,
India |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of Hypothecation
(for securing machineries/goods/book debs) and Confirmation Letter. |
|
Date of
instrument Creating the charge |
13.07.2012 |
|
Amount secured by
the charge |
Rs.240.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Cash credit limit
- Interest shall be charged Base Rate plus 4.00% i.e. 14.50% at presently
with monthly rests. Interest on other credit facilities as per sanction
terms. Terms of Repayment Payable on demand
as per sanction terms and bank norms. Margin CC - 25% on stocks and 50% on
Book debts IDUBD - 10% LC - Per - 10%, Fina - 25%, LC 10% Forward sales
contract - 10% Extent and Operation of the charge The hypothecated
assets And Equitable mortgage of property to secure following credit limits
sanctioned by Indian Overseas Bank to Trinity Touch Private Limited a) Cash Credit
Rs150.000 Millions (sublimit IDUBD
Rs.40.000 Millions) b) LC(F) on DP
terms /LG(Per/fin) Rs.50.000 Millions c) Forward sales
contract Rs.40.000 Millions |
|
Short particulars
of the property charged |
I.
First
charge on stocks, book debts, plant and machinery and other current assets
and fixed assets of the company both present and future. II.
First
charge by way of equitable mortgage land and building of property situated on
Mustatil No. 9, Kila No. 21/2 (1-12), Mustatil No. 14, Kila No. 1 (7-14), 10
(8-0), 11 (8-0), 20 (8-0), 21 (8-0) III.
Measuring
41 Kanal 6 Marla. 480/880 Part in property situated on Khewat No. 164,
Khatauni No. 179, Mustatil No. 14, Kila No. 16 (8-0), Khewat No. 196 Khatauni
No. 211, Mustatil No. 14 IV.
Kila
No. 17 (8-0), 18/1 (4-0), 22(8-0), 23(8-0), 24(8-0) measuring 24 Kanal.
Khewat Khatauni No. 120/min 136, Mustatil No. 14, Kila No. 25 (8-0), Mustatil
24, Kila No. 4(8-0), 5(8-0), V.
Mustatil
No. 25, Kila No. 1/2 (4-0), 10/1 (2-08) measuring 30 Kanal 08 Marla. Khewat
No. 111/96, Mustil No. 13, Kila No. 19 (7-2), 20(8-0), 21 (8-0), 22 (7-13),
Mustil No. 25, Kila No. 1/1 (4-0) VI.
measuring
34 Kanal 15 Marla. Khawat No. 181/196, Mustil No. 13, Kila No. 26 (0-6)
measuring 6 Marla situated in Revenue Estate of Village Dudhola, Tehsil
Palwal, District Faridabad (Haryana) VII.
in
the name of M/s. Trinity Touch Pvt. Ltd (16.34375 acres) |
|
Particulars of
the present modification |
By this
modification of charge the aggregate credit limits stands enhanced from
Rs.130.000 Millions to Rs.240.000 Millions to secure following credit limit :
- a) Cash Credit Rs.150.000 Millions, (sub limit IDUBD Rs.40.0 Millions), b)
LG(per/fin)/LC(F) DP terms Rs.50.000 Millions, c) Forward sales contract
Rs.40.000 Millions. The charge on the assets and equitable mortgage of
property of the company as fully described in Col. No.15. Other terms and
conditions remain same. |
FIXED ASSETS:
·
Land and building
·
Furniture and fixtures
·
Plant and machinery
·
Office equipment
·
Vehicles
·
Computer
·
Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 54.20 |
|
|
1 |
Rs. 87.00 |
|
Euro |
1 |
Rs. 70.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.