MIRA INFORM REPORT
|
Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
METALLIZING EQUIPMENT COMPANY PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SURFACE FINISHING EQUIPMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-101, Marudhar Industrial Area, Phase II, Basni, Jodhpur - 342005,
Rajasthan |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
16.06.1975 |
|
|
|
|
Com. Reg. No.: |
17-001631 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.18.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40100RJ1975PTC001631 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
JDHM02894D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM8473A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Thermal Spray Equipment. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
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 640000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established and reputed company having satisfactory track
record. Trade relations are reported as fair. Business is active. Payments
are reported as usually made 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 – 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
SME2 |
|
Rating Explanation |
The high credit quality assigned by ICRA to
an SME. |
|
Date |
04.07.2012 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Ravinder |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-291-2747601 |
|
Date : |
18.12.2012 |
LOCATIONS
|
Registered Office/ Factory : |
E-101, Marudhar Industrial Area, Phase II, Basni, Jodhpur - 342005, Rajasthan,
India |
|
Tel. No.: |
91-291-2747601 / 2747602 |
|
Fax No.: |
91-291-2746359 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office 1 : |
112, TV Industrial Estate, Behind Glaxo, Worli Road, Mumbai - 400025, Maharashtra, India |
|
Tel. No.: |
91-22-24934370 / 24937617 |
|
Mobile No.: |
91-9371187369 (Mr. Sanket Nalawade) |
|
Fax No.: |
91-22-24950394 |
|
E-Mail : |
|
|
|
|
|
Branch Office 2 : |
M-5, Shahpuri Arjun’s Palace, Opposite Archana Complex, B-45, Greater
Kailash-1, New Delhi - 110048, India |
|
Tel. No.: |
91-11-29248519 / 29233136 |
|
Mobile No.: |
91-9312890541 (Mr. Brij Mohan) |
|
Fax No.: |
91-11-41630043 |
|
E-Mail : |
|
|
|
|
|
Branch Office 3: |
S-603, Surya Kiran, |
|
Tel. No.: |
91-40-27813760 |
|
Mobile No.: |
91-9348834569 (Mr. Subrata Chatterjee) |
|
Fax No.: |
91-40-27816185 |
|
E-Mail : |
|
|
|
|
|
Branch Office 4 : |
4/35, |
|
Tel. No.: |
91-80-32405951 |
|
Fax No.: |
91-80-23124711 |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Madho Das Modi |
|
Designation : |
Whole Time Director |
|
Address : |
982, Umed Hospital Road, Jodhpur - 342003, Rajasthan, India |
|
Date of Birth/Age : |
03.06.1940 |
|
Date of Appointment : |
21.07.1982 |
|
|
|
|
Name : |
Mr. Suresh Chand Modi |
|
Designation : |
Managing Director |
|
Address : |
982, Umed Hospital Road, Jodhpur - 342003, Rajasthan, India |
|
Date of Birth/Age : |
20.05.1949 |
|
Date of Appointment : |
21.01.1982 |
|
DIN NO.: |
00164480 |
|
|
|
|
Name : |
Ms. Indu Modi |
|
Designation : |
Director |
|
Address : |
982, Umed Hospital Road, Jodhpur - 342003, Rajasthan, India |
|
Date of Birth/Age : |
28.05.1961 |
|
Date of Appointment : |
26.04.1999 |
|
|
|
|
Name : |
Mr. Ankur Modi |
|
Designation : |
Whole Time Director |
|
Address : |
982, Umed Hospital Road, Jodhpur - 342003, Rajasthan, India |
|
Date of Birth/Age : |
23.07.1977 |
|
Date of Appointment : |
16.06.2005 |
|
Din No.: |
00164557 |
KEY EXECUTIVES
|
Name : |
Mr. Ravinder |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Madho Das Modi |
|
279000 |
|
Suresh Chand Modi |
|
611100 |
|
Indu Modi |
|
144000 |
|
Vandana Modi / Suresh Chand Modi |
|
244800 |
|
Suresh Chand Modi / Vandana Modi |
|
21600 |
|
Ankur Modi |
|
350100 |
|
Ritu Modi |
|
149400 |
|
|
|
|
|
Total |
|
1800000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Thermal Spray Equipment. |
||||||||||||||
|
|
|
||||||||||||||
|
Products : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Exports : |
|
||||||||||||||
|
Products : |
|
||||||||||||||
|
Countries : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Imports : |
|
||||||||||||||
|
Products : |
|
||||||||||||||
|
Countries : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Terms : |
|
||||||||||||||
|
Selling : |
Cash and Credit |
||||||||||||||
|
|
|
||||||||||||||
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mertia and Company Chartered Accountants |
|
Address : |
Vatsalya, 244, Kamla Nehru Nagar, Opposite Prakartik Chikatsa Kendra,
Near Dus Dukan Chopasni Road, Jodhpur - 342001, Rajasthan, India |
|
Tel. No.: |
91-291-2760694/ 2760695 |
|
Fax No.: |
91-291-2760696 |
|
E-Mail : |
|
|
PAN No.: |
AAVPM3318C |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1800000 |
Equity Shares |
Rs.10/- each |
Rs.18.000
Millions |
|
|
|
|
|
1. 1000000 Equity Share of Rs.10/- each
allotted as fully paid up bonus shares by capitalization of testing equipment subsidy
and revaluation reserve on 14.08.2010.
2. The total number of Shares as on 31.03.2012
and 31.03.2011 are same.
3. Number of Shares held by Shares Holders holding more than 5% of total
Shares
|
Name |
31.03.2012 |
|
Madho Das Modi |
279000 |
|
Suresh Chand Modi |
632700 |
|
Ankur Modi |
350100 |
|
Vandana Modi |
244800 |
|
Ritu Modi |
149400 |
|
Indu Modi |
144000 |
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 |
18.000 |
18.000 |
8.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
143.845 |
114.913 |
105.817 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
161.845 |
132.913 |
113.817 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
42.722 |
34.475 |
8.768 |
|
|
2] Unsecured Loans |
38.122 |
40.551 |
22.422 |
|
|
TOTAL BORROWING |
80.844 |
75.026 |
31.190 |
|
|
DEFERRED TAX LIABILITIES |
17.448 |
14.678 |
7.506 |
|
|
|
|
|
|
|
|
TOTAL |
260.137 |
222.617 |
152.513 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
134.755 |
122.838 |
84.587 |
|
|
Capital work-in-progress |
0.176 |
7.160 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
89.979
|
78.020 |
51.264 |
|
|
Sundry Debtors |
71.329
|
57.347 |
32.008 |
|
|
Cash & Bank Balances |
8.793
|
11.087 |
6.741 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
15.632
|
14.095 |
26.787 |
|
Total
Current Assets |
185.733
|
160.549 |
116.800 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
40.559
|
45.208 |
11.850 |
|
|
Other Current Liabilities |
5.760
|
6.154 |
9.563 |
|
|
Provisions |
14.208
|
16.568 |
27.461 |
|
Total
Current Liabilities |
60.527
|
67.930 |
48.874 |
|
|
Net Current Assets |
125.206
|
92.619 |
67.926 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
260.137 |
222.617 |
152.513 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
256.933 |
195.505 |
|
|
|
Other Income |
|
NA |
NA |
|
|
|
TOTAL |
|
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
192.550 |
132.220 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
50.187 |
54.597 |
|
|
|
|
|
|
|
|
|
|
TAX |
|
20.283 |
18.429 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
29.904 |
36.168 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
16.61 |
45.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
17.71 |
27.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.38 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.87 |
1.08 |
0.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.07 |
2.36 |
2.39 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
Yes |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U40100RJ1975PTC001631 |
|
Name of the
company |
METALLIZING
EQUIPMENT COMPANY PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
E-101, Marudhar Industrial Area, Phase II, Basni, Jodhpur - 342005,
Rajasthan, India E-mail: mecpl@sancharnet.in |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10072720 |
|
Type of charge |
|
|
Particular of
charge holder |
Bank of Baroda, Sojati Gate, Jodhpur - 342001, Rajasthan, India E-mail: jodhpu@bankofbaroda.com |
|
Nature of
instrument creating charge |
Supplemental Composite
Agreement of Hypothecation of goods and book debts, movable machinery and
vehicles dated 18th Nov., 2011 Increase of
PC-cum FBP limit of Rs.15.000 Millions to PC/PCFC cum FBP for Rs.20.000
Millions. |
|
Date of
instrument Creating the charge |
18.11.2011 |
|
Amount secured by
the charge |
Rs.50.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest for packing
credit /PCFC and FBP 1% above base rate with monthly rest for Bank Guarantee,
commission as per bank norms For FLC,
commission as per bank norms Terms of
Repayment Repayable on
demand Margin Packing
credit/PCFC cum FBP hypothecation at 25% of Stock, Book debts, plant and
Machinery Extent and
Operation of the charge PC/PCFC/ FBP of
Rs. 20.000 Millions, bank Gurantee of Rs. 25.000 Millions and FLC/ILC of
Rs.5.000 Millions on equitable mortgage of plot no. E101, Marudhar Industrial
Area, Phase-II, Basni, Jodhpur. and Kh No. 1354/1494, Village Habur, Tehsil
and District Jaisalmer, Hypot. of Stock, both present and future including
stock of raw material, work in process, semi and Finished goods such as
machinery parts, various metals, etc. All movable plant and machinery,
cranes, tools, etc, situated at Plot No. E-101, MIA, Ph-II, Jodhpur |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Plot No.E-101,
Marudhar Industrial Area, Phase-II, Basni, Jodhpur Kh No. 1354/1494, Village
Habur, Tehsil and District, Jaisalmer. |
|
Date of
instrument modifying the charge |
14.05.2011 |
|
Particulars of
the present modification |
Charge upto Rs.
50.000 Millions |
FIXED
ASSETS :
Tangible Assets
- Land
- Building
- Plant and Machinery
- Tools, Die and Instrument
- Office Equipment
- Vehicle
- Furniture and Fixtures
- Wind Mills
Intangible Assets
- Patents
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.55.09 |
|
|
1 |
Rs.89.54 |
|
Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
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.