MIRA INFORM REPORT
|
Report Date : |
20.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
BHAT METAL RESEARCH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
11, Abhijit Apartment, 11th Cross, Malleswaram, Bangalore –
560003, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
04.10.1989 |
|
|
|
|
Com. Reg. No.: |
08-010415 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.548 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73100KA1989PTC010415 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Service Provider of Vacuum Brazing, Vacuum Heat Treatment and Plasma
Ion Nitriding. |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 150000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
The company’s performance seems to be good. Financially the company appears to
be healthy. 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 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
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
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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 : |
11, Abhijit Apartment, 11th cross, Malleswaram, Bangalore –
560003, Karnataka, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
A-4, Industrial Estate, Rajajinagar, Bangalore – 560044, Karnataka,
India |
|
Tel. No.: |
91-80-23151211 |
|
Mobile No.: |
91-9845546559 (Mr. Umesh Bhat) |
|
E-Mail : |
|
|
Branch Office : |
Pune, 54/28,D2 Block, MIDC Chinchwad, Pune-411019, Maharashtra, India Also Located At :
|
|
|
|
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Umesh Venkateshbhat Bhat |
|
Designation : |
Managing Director |
|
Address : |
No.46, 13th Cross, 6th Main Road, Malleswaram,
Bangalore – 560003, Karnataka, India |
|
Date of Birth/Age : |
24.08.1950 |
|
Date of Appointment : |
01.04.1994 |
|
DIN No.: |
00347195 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U73100KA1989PTC010415 |
BHAT
METAL RESEARCH PRIVATE LIMITED |
Managing
director |
01/04/1994 |
01/04/1994 |
- |
Active |
NO |
|
2 |
U27106KA1974PTC002584 |
KASHYAP
ENGINEERING AND METALLURGICALS PRIVATE LIMITED |
Director |
20/11/2000 |
20/11/2000 |
- |
Active |
NO |
|
3 |
U27310MH2007PTC169429 |
GURU
METAL TREAT PRIVATE LIMITED |
Director |
30/03/2007 |
30/03/2007 |
14/11/2009 |
Active |
NO |
|
4 |
U27100DL2010PTC209093 |
KALPI
METALS PRIVATE LIMITED |
Director |
05/10/2010 |
05/10/2010 |
- |
Active |
NO |
|
Name : |
Ms. Rashmi Bhat |
|
Designation : |
Director |
|
Address : |
No.46, 13th Cross, 6th Main Road, Malleswaram,
Bangalore – 560003, Karnataka, India |
|
Date of Birth/Age : |
12.08.1980 |
|
Date of Appointment : |
12.10.1998 |
|
DIN No.: |
00347197 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U73100KA1989PTC010415 |
BHAT
METAL RESEARCH PRIVATE LIMITED |
Director |
12/10/1998 |
12/10/1998 |
Active |
NO |
|
2 |
U27106KA1974PTC002584 |
KASHYAP
ENGINEERING AND METALLURGICALS PRIVATE LIMITED |
Director |
25/03/2008 |
25/03/2008 |
Active |
NO |
|
Name : |
Mr. Yajnesh Bhat |
|
Designation : |
Director |
|
Address : |
No.46, 13th Cross, 6th Main Road, Malleswaram,
Bangalore – 560003, Karnataka, India |
|
Date of Birth/Age : |
02.08.1984 |
|
Date of Appointment : |
01.11.2009 |
|
DIN No.: |
02771733 |
Other Directorship:
|
S.NO. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27310MH2007PTC169429 |
GURU
METAL TREAT PRIVATE LIMITED |
Director |
28/09/2009 |
28/09/2009 |
Active |
NO |
|
2 |
U73100KA1989PTC010415 |
BHAT
METAL RESEARCH PRIVATE LIMITED |
Director |
01/11/2009 |
01/11/2009 |
Active |
NO |
|
3 |
U72900KA2011PTC057467 |
AVERQ
SOLUTIONS (INDIA) PRIVATE LIMITED |
Director |
08/03/2011 |
08/03/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2011
|
Names of Shareholders |
No. of Shares |
|
Umesh Bhat |
8860 |
|
Lakshmi U. Bhat |
12640 |
|
Rashmi Bhat |
5950 |
|
C Vakatesh N Bhat And Master Yajnesh Bhat |
13770 |
|
Bhimarathiyamma And Vandya (Minor) |
4260 |
|
TOTAL
|
45480 |
AS ON 31.03.2012
|
List Of Allottees |
No. of Shares |
|
Kalpi Metals Private Limited, WZ-64, Ramgarh Colony, New Delhi –
110015 Occupation - Business |
10000 |
|
TOTAL |
10000 |
AS ON 31.03.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service Provider of Vacuum Brazing, Vacuum Heat Treatment and Plasma
Ion Nitriding. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
ABS And Company Chartered Accountant |
|
Address : |
No.32, G3, Rukmini Apartments, 15th Cross, 11th Main,
Malleswaram, Bangalore – 560055, Karnataka, India |
|
PAN No.: |
ADRPR2313R |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
Rs.100/- each |
Rs. 6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45480 |
Equity Shares |
Rs.100/-
each |
Rs. 4.548
Millions |
|
|
|
|
|
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
Rs.100/- each |
Rs. 6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55480 |
Equity Shares |
Rs.100/-
each |
Rs. 5.548
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
4.548 |
4.548 |
4.548 |
|
|
2] Share Application Money |
6.000 |
0.000 |
4.415 |
|
|
3] Reserves & Surplus |
27.710 |
21.981 |
15.501 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
38.258 |
26.529 |
24.464 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
13.077 |
14.914 |
21.089 |
|
|
2] Unsecured Loans |
0.049 |
0.049 |
1.082 |
|
|
TOTAL BORROWING |
13.126 |
14.963 |
22.171 |
|
|
DEFERRED TAX LIABILITIES |
0.380 |
0.775 |
1.017 |
|
|
|
|
|
|
|
|
TOTAL |
51.764 |
42.267 |
47.652 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
29.117 |
26.079 |
29.827 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.075 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.610
|
0.430 |
0.366 |
|
|
Sundry Debtors |
22.071
|
21.421 |
19.094 |
|
|
Cash & Bank Balances |
4.330
|
1.072 |
6.401 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
12.300
|
9.561 |
6.320 |
|
Total
Current Assets |
39.311
|
32.484 |
32.181 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
7.989 |
6.295 |
|
|
Other Current Liabilities |
|
0.064 |
1.283 |
|
|
Provisions |
|
8.253 |
6.864 |
|
Total
Current Liabilities |
16.664
|
16.307 |
14.442 |
|
|
Net Current Assets |
22.647
|
16.177 |
17.739 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.011 |
0.011 |
|
|
|
|
|
|
|
|
TOTAL |
51.764 |
42.267 |
47.652 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
70.685 |
52.410 |
|
|
|
|
Other Income |
0.259 |
1.647 |
|
|
|
|
TOTAL |
70.944 |
54.057 |
50.531 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
46.022 (Including
Depreciation) |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
59.572 |
43.126 |
|
|
|
|
|
|
||
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION ( |
11.372 |
10.931 |
||
|
|
|
|
|
||
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.000 |
4.063 |
||
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
7.372 |
6.868 |
4.509 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.642 |
1.888 |
2.012 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
5.730 |
4.980 |
2.497 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.12 |
0.10 |
0.05 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.07
|
9.21 |
4.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.42
|
13.10 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.77
|
11.72 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.25 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.43
|
0.61 |
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.35
|
1.99 |
2.22 |
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 |
No |
|
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 |
FORM 8
|
Corporate
identity number of the company |
U73160KA1989PTC010415 |
|
Name of the
company |
BHAT METAL
RESEARCH PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
11, Abhijit
Apartment, 11th cross, Malleswaram, Bangalore – 560003, Karnataka,
India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
90194638 |
|
Type of charge |
|
|
Particular of
charge holder |
CANARA BANK, Sme
Branch, 473D, 13th Cross, IV Phase, Peenya Industrial Area,
Bangalore – 560058, Karnataka, India E-Mail: tr_jairam@vsnl.net |
|
Nature of
instrument creating charge |
Common
Hypothecation Agreement |
|
Date of
instrument Creating the charge |
14.05.2008 |
|
Amount secured by
the charge |
Rs.21.665
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest OCC/ODBD/ODSME –
11.75% p.a. TL 1 Rs.10.000
Millions – 11% p.a. TL 2 Rs. 3.665
Millions – 12% p.a. Terms of repayment OCC/ODBD/ODSME –
Running account repayable on demand TL 2 Rs. 3.665
Millions – To be repaid in 60 monthly installments Margin TL Rs. 3.665
Millions – 37% Extent and operation of the charge The charge shall
operate to the extent of Rs. 21.665 Millions plus interest, commission, costs,
expenses and other charges thereon. Other The said amount
of Rs.21.665 Millions comprises OCC/ODBD/ODSME Rs. 80 Millions; TL 1 Rs.10.000
Millions; TL 2 Rs. 3.665 Millions |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation
of by way of first charge on
borrower’s present and future stocks of raw materials, semi finished and
finished goods and other inventories, plant, machineries, bookdebts,
receivables and other movables stored/installed at A4, Industrial Estate,
Rajajinagar, Bangalore 560044, or at any other place. |
|
Date of
instrument modifying the charge |
26.03.2007 |
|
Particulars of
the present modification |
By the above, the
amount secured by charge stands enhanced from Rs.1.400 Millions to Rs. 21.665
Millions. |
FIXED ASSETS
- Building
- Computer
- Electrical
Installations
- Office
Furniture
- Plant And
Machinery
- Goodwill
- Generators
VEHICLES
Ford Car
Scooter
Tata Mobile
Tata Indica
Ford Iron
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.54.74 |
|
|
1 |
Rs.89.01 |
|
Euro |
1 |
Rs.72.48 |
INFORMATION DETAILS
|
Report Prepared by
: |
PJAG |
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 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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.