MIRA
INFORM REPORT
|
Report Date : |
31.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
RGP MOULDS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-6, Udyog Kunj, UPSIDC Industrial Area, Site-V Road No 7, Panki,
Kanpur-208022, Uttar Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.11.1999 |
|
|
|
|
Com. Reg. No.: |
20-024892 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29221UP1999PTC024892 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KNPR01407A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR0739E |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer and Exporter of PU foaming,
thermo foaming moulds, epoxy gel coated mould, aluminum moulds, vacuum
foaming moulds, moulds for shoe industry. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 340000 |
|
|
|
|
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 record.
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 – 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 : |
C-6, Udyog Kunj, UPSIDC Industrial Area, Site-V Road No 7, Panki,
Kanpur-208022, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2232699 / 3255655 |
|
Fax No.: |
91-512-2217870 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Raghunath Prasad Gupta |
|
Designation : |
Director |
|
Address : |
9/71, Arya Nagar, Kanpur-208001, |
|
Date of Birth/Age : |
25.12.1948 |
|
Date of Appointment : |
20.09.2004 |
|
DIN No.: |
01001817 |
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 |
U29199UP2004PTC029079 |
RGP
TOOLING SYSTEMS PRIVATE LIMITED |
Director |
20/09/2004 |
20/09/2004 |
Active |
NO |
|
2 |
U29221UP1999PTC024892 |
RGP
MOULDS PRIVATE LIMITED |
Director |
20/09/2004 |
20/09/2004 |
Active |
NO |
|
3 |
U25203UP2010PTC042872 |
RFM
AUTOMOTIVES PRIVATE LIMITED |
Director |
20/12/2010 |
20/12/2010 |
Active |
NO |
|
Name : |
Mrs. Rekha Gupta |
|
Designation : |
Director |
|
Address : |
9/71, Arya Nagar, Kanpur-208001, |
|
Date of Birth/Age : |
02.07.1954 |
|
Date of Appointment : |
04.11.1999 |
|
DIN No.: |
01733216 |
|
|
|
|
Name : |
Mr. Rohit Gupta |
|
Designation : |
Director |
|
Address : |
9/71, Arya Nagar, Kanpur-208001, |
|
Date of Birth/Age : |
19.03.1977 |
|
Date of Appointment : |
04.11.1999 |
|
DIN No.: |
01393148 |
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 |
U29221UP1999PTC024892 |
RGP
MOULDS PRIVATE LIMITED |
Director |
04/11/1999 |
04/11/1999 |
Active |
NO |
|
2 |
U25203UP2010PTC042872 |
RFM
AUTOMOTIVES PRIVATE LIMITED |
Director |
29/12/2010 |
29/12/2010 |
Active |
NO |
|
Name : |
Mr. Amit Gupta |
|
Designation : |
Director |
|
Address : |
9/71, Arya Nagar, Kanpur-208001, |
|
Date of Birth/Age : |
15.06.1979 |
|
Date of Appointment : |
04.11.1999 |
|
DIN No.: |
01001720 |
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 |
U29221UP1999PTC024892 |
RGP
MOULDS PRIVATE LIMITED |
Director |
04/11/1999 |
04/11/1999 |
Active |
NO |
|
2 |
U70100HR2010PTC040277 |
AGT
ESTATES PRIVATE LIMITED |
Director |
23/03/2010 |
23/03/2010 |
Active |
NO |
|
Name : |
Mr. Anurag Gupta |
|
Designation : |
Director |
|
Address : |
9/71, Arya Nagar, Kanpur-208001, |
|
Date of Birth/Age : |
01.01.1981 |
|
Date of Appointment : |
20.09.2007 |
|
DIN No.: |
00813021 |
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 |
U29199UP2004PTC029079 |
RGP
TOOLING SYSTEMS PRIVATE LIMITED |
Director |
20/09/2004 |
20/09/2004 |
Active |
NO |
|
2 |
U29221UP1999PTC024892 |
RGP
MOULDS PRIVATE LIMITED |
Director |
20/09/2007 |
20/09/2007 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Raghunath Prasad Gupta |
3920 |
|
Rekha Gupta |
31750 |
|
Rohit Gupta |
62400 |
|
Anurag Gupta |
151930 |
|
TOTAL
|
250000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of PU foaming,
thermo foaming moulds, epoxy gel coated mould, aluminum moulds, vacuum
foaming moulds, moulds for shoe industry. |
GENERAL INFORMATION
|
Customers : |
·
Araco ·
Tata ·
Pinnacle Industries Limited ·
Lear Corporation ·
Dow ·
Power Spack ·
Uniproducts India Limited ·
Sun Steering Wheels |
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No. of Employees : |
Not Available |
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Bankers : |
Small Industries Development Bank of ·
Udyog Minar, Vanija Nikunj, Uyog Vihar, Phase-V,
Gurgaon-122016, ·
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
ATUL Garg and Associates Chartered Accountant |
|
Address : |
418, Plaza Kalpana, 24/147-A, |
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Tel. No.: |
91-512-2374401 |
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Mobile No.: |
91-9839009039 |
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E-Mail : |
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PAN No.: |
AAIFA2254Q |
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Subsidiaries : |
RGP Tooling Systems Private Limited CIN No.: U29199UP2004PTC029079 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500
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 |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
84.394 |
64.151 |
56.841 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
86.894 |
66.651 |
59.341 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
11.317 |
7.071 |
5.775 |
|
|
2] Unsecured Loans |
0.350 |
0.350 |
1.671 |
|
|
TOTAL BORROWING |
11.667 |
7.421 |
7.446 |
|
|
DEFERRED TAX LIABILITIES |
1.949 |
1.227 |
0.233 |
|
|
|
|
|
|
|
|
TOTAL |
100.510 |
75.299 |
67.020 |
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
67.196 |
35.681 |
27.419 |
|
|
Capital work-in-progress |
1.407 |
11.034 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
8.900 |
8.900 |
8.900 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
8.652
|
7.585 |
7.726 |
|
|
Sundry Debtors |
47.792
|
36.007 |
26.078 |
|
|
Cash & Bank Balances |
4.697
|
1.580 |
7.743 |
|
|
Other Current Assets |
0.869
|
0.755 |
0.000 |
|
|
Loans & Advances |
11.135
|
7.440 |
9.523 |
|
Total
Current Assets |
73.145
|
53.367 |
51.070 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
24.814
|
|
18.057 |
|
|
Other Current Liabilities |
19.118
|
12.199 |
|
|
|
Provisions |
6.206
|
2.813 |
2.312 |
|
Total
Current Liabilities |
50.138
|
33.683 |
20.369 |
|
|
Net Current Assets |
23.007
|
19.684 |
30.701 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
100.510 |
75.299 |
67.020 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
194.771 |
152.365 |
144.252 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
36.074 |
17.210 |
18.284 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.958 |
4.810 |
4.024 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
30.116 |
12.400 |
14.260 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.873 |
5.044 |
4.149 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
20.243 |
7.356 |
10.111 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
80.97 |
29.42 |
40.44 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
15.46
|
8.14 |
9.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.46
|
13.93 |
18.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.19 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.73
|
0.64 |
0.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.58 |
2.51 |
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 |
Yes |
|
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 |
FORM 8
|
Corporate
identity number of the company |
U29221UP1999PTC024892 |
|
Name of the
company |
RGP MOULDS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
C-6, Udyog Kunj, UPSIDC Industrial Area, Site-V Road No 7, Panki, Kanpur-208022, Uttar Pradesh, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Immovable
property |
|
Particular of
charge holder |
Small Industries Development Bank of India Udyog Minar, Vanija Nikunj, Uyog Vihar, Phase-V, Gurgaon-122016, Haryana, India |
|
Nature of
instrument creating charge |
On 23/03/2012 no document
is executed. Extension of first charge by way of eq. mortgage of immovable
properties of the co. situated at Khewat No 663, Khata No 807, Musttil no 94,
Kila No 18 (5-0), 23 (1-12) at Vill. Bhora Kalan, Teh. Farrukh Nagar,
District Gurgaon admeasu. 6 Kanal and 12 Marla was created for TL assistance
of Rs. 4.700 Millions to M/s RGP Tooling System(Private) Limited |
|
Date of
instrument Creating the charge |
23.03.2012 |
|
Amount secured by
the charge |
Rs. 4.700
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Interest will be
payable(by the borrower) at the rate of 0.50% above SIDBI Prime Lending Rate
(PLR) rising or falling therewith, with monthly rests on 10th day of every
month Terms of repayment The Loan shall be
repaid by the Borrower to SIDBI in maximum 5 years including moratorium of up
to one year. The tenure of the repayment shall be fixed by SIDBI in
consultation with the borrower at the time of disbursement. Margin Nil Extent and operation of the charge Extension of
first charge by way of equitable mortgage of immovable properties of the
company situated at Khewat No 663, Khata No 807, Musttil no 94, Kila No 18
(5-0), 23 (1-12) at Village Bhora Kalan, Tehsil Farrukh Nagar, District
Gurgaon admeasuring 6 Kanal and 12 Marla to secure the TL of Rs.4.700
Millions sanctioned by SIDBI to the borrower. |
|
Short particulars
of the property charged (Including location of the property) |
Immovable
properties of the Company situated at Khewat No 663, Khata No 807,Musttil no
94,Kila No 18 (5-0),23(1-12)at Vill. Bhora Kalan, Teh. Farrukh Nagar,
District Gurgaon, admeasuring 6 Kanal and 12 Marla. |
FIXED ASSETS
·
Land
·
Building
·
Air Conditioner
·
Generator
·
Invertors
·
Machinery
·
Auto Voltage Stabilizer
·
Office Equipments
·
Water Cooler
·
Furniture and Fixtures
·
Car
·
Computer
·
Submersible Pump
·
Commercial Vehicle
·
Fire Fighting Equipments
·
Scooter
·
Electric Installation
·
Projector
·
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. 54.84 |
|
|
1 |
Rs. 88.39 |
|
Euro |
1 |
Rs. 72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
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 |
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 |
|
- |
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.