MIRA
INFORM REPORT
|
Report Date : |
18.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
JANAPRIYA ENGINEERS SYNDICATE PRIVATE LIMITED (w.e.f. 19.06.2011) |
|
|
|
|
Formerly Known
As : |
JANAPRIYA ENGINEERS SYNDICATE LIMITED JANAPRIYA ENGINEERS SYNDICATE (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
D No 8-2-120/86, 8-2-120/86/1, Keerthi and Pride Towers,Road No 2, Banjara
Hills, Hyderabad – 500034, Andhra Pradesh |
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Country : |
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|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.07.1995 |
|
|
|
|
Com. Reg. No.: |
01-020949 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.109.236 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200AP1995PTC020949 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Company is engaged in construction activity which is not power
intensive. |
|
|
|
|
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 1700000 |
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|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a well established 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 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 Corporate Office : |
D No 8-2-120/86, 8-2-120/86/1, Keerthi and Pride Towers,Road No 2, Banjara
Hills, Hyderabad – 500034, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23222999/666/333 |
|
Fax No.: |
91-40-23227515 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Branch Office : |
D. No. 478, 12th Cross,
Wilson Garden, Bangalore – 560 027, Karnataka, India |
|
Tel. No.: |
91 80 22 241 486/478/488 |
|
Fax No.: |
91 80 22 271 381 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Kondakindi Ravinder Reddy |
|
Designation : |
Managing director |
|
Address : |
3-6-115/A, Janapriya House, Himayat Nagar, Hyderabad – 500029, Andhra
Pradesh, India |
|
Date of Birth/Age : |
11.03.1953 |
|
Date of Appointment : |
06.07.1995 |
|
DIN No.: |
01486329 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U65922AP1995PTC019747 |
Engineer
Reddy Housing Finance Private Limited |
Director |
21-03-95 |
21-03-95 |
- |
Under
Process of Striking off |
NO |
|
2 |
U65922AP1995PTC019748 |
Engineer
Reddy Homes Private Limited |
Director |
21-03-95 |
21-03-95 |
- |
Active |
NO |
|
3 |
U65992AP1995PTC019814 |
Ravipriya
Chit Fund Private Limited |
Director |
24-03-95 |
24-03-95 |
- |
Strike
off |
NO |
|
4 |
U45200AP1995PTC020949 |
Janapriya
Engineers Syndicate Private Limited |
Managing
director |
06-07-95 |
06-07-95 |
- |
Active |
NO |
|
5 |
U85110AP1996PTC025424 |
Doctors
Syndicate Hospitals Private Limited |
Director |
08-10-96 |
08-10-96 |
- |
Active |
NO |
|
6 |
U45201AP2001PTC035994 |
Ravi
Priya Estates Private Limited |
Director |
05-01-01 |
05-01-01 |
- |
Active |
NO |
|
7 |
U26922AP1994PTC018650 |
Sri
Ramachandra Cement Private Limited |
Director |
06-03-02 |
06-03-02 |
- |
Strike
off |
NO |
|
8 |
U70102AP2007PTC054139 |
Janapriya
Properties Private Limited (Under Part IX) |
Director |
24-05-07 |
24-05-07 |
- |
Active |
NO |
|
9 |
U65999AP2007PTC055077 |
Janapriya
Holdings Private Limited. |
Director |
08-08-07 |
08-08-07 |
- |
Active |
NO |
|
10 |
U70102AP2007PTC056004 |
Janapriya
Townships Private Limited |
Director |
18-10-07 |
18-10-07 |
- |
Active |
NO |
|
11 |
U85191AP2010PTC070985 |
Ameya
- Janapriya Health City Private Limited |
Director |
28-10-10 |
28-10-10 |
- |
Active |
NO |
|
Name : |
Mr. Kondakindi Kranti Kiran Reddy |
|
Designation : |
Director |
|
Address : |
3-6-115/A, Janapriya House, Himayat Nagar, Hyderabad – 500029, Andhra
Pradesh, India |
|
Date of Birth/Age : |
02.01.1982 |
|
Date of Appointment : |
25.02.2002 |
|
DIN No.: |
01422568 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U65992AP1995PTC019814 |
Ravipriya
Chit Fund Private Limited |
Director |
17-03-01 |
17-03-01 |
- |
Strike
off |
NO |
|
2 |
U65922AP1995PTC019747 |
Engineer
Reddy Housing Finance Private Limited |
Director |
25-02-02 |
25-02-02 |
- |
Under
Process of Striking off |
NO |
|
3 |
U45201AP2001PTC035994 |
Ravi
Priya Estates Private Limited |
Director |
25-02-02 |
25-02-02 |
- |
Active |
NO |
|
4 |
U65922AP1995PTC019748 |
Engineer
Reddy Homes Private Limited |
Director |
25-02-02 |
25-02-02 |
- |
Active |
NO |
|
5 |
U85110AP1996PTC025424 |
Doctors
Syndicate Hospitals Private Limited |
Director |
25-02-02 |
25-02-02 |
- |
Active |
NO |
|
6 |
U45200AP1995PTC020949 |
Janapriya
Engineers Syndicate Private Limited |
Director |
25-02-02 |
25-02-02 |
- |
Active |
NO |
|
7 |
U70102AP2007PTC054139 |
Janapriya
Properties Private Limited (Under Part IX) |
Director |
24-05-07 |
24-05-07 |
- |
Active |
NO |
|
8 |
U65999AP2007PTC055077 |
Janapriya
Holdings Private Limited. |
Director |
08-08-07 |
08-08-07 |
- |
Active |
NO |
|
9 |
U70102AP2007PTC056004 |
Janapriya
Townships Private Limited |
Director |
18-10-07 |
18-10-07 |
- |
Active |
NO |
|
Name : |
Mrs. Kondakindi Priyamvada Reddy |
|
Designation : |
Director |
|
Address : |
3-6-115/A, Janapriya House, Himayat Nagar, Hyderabad – 500029, Andhra
Pradesh, India |
|
Date of Birth/Age : |
12.08.1958 |
|
Date of Appointment : |
06.07.1995 |
|
DIN No.: |
01422542 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U65922AP1995PTC019747 |
Engineer
Reddy Housing Finance Private Limited |
Director |
21-03-95 |
21-03-95 |
- |
Under
Process of Striking off |
NO |
|
2 |
U65922AP1995PTC019748 |
Engineer
Reddy Homes Private Limited |
Director |
21-03-95 |
21-03-95 |
- |
Active |
NO |
|
3 |
U65992AP1995PTC019814 |
Ravipriya
Chit Fund Private Limited |
Director |
24-03-95 |
24-03-95 |
- |
Strike
off |
NO |
|
4 |
U45200AP1995PTC020949 |
Janapriya
Engineers Syndicate Private Limited |
Director |
06-07-95 |
06-07-95 |
- |
Active |
NO |
|
5 |
U85110AP1996PTC025424 |
Doctors
Syndicate Hospitals Private Limited |
Director |
08-10-96 |
08-10-96 |
- |
Active |
NO |
|
6 |
U45201AP2001PTC035994 |
Ravi
Priya Estates Private Limited |
Director |
05-01-01 |
05-01-01 |
- |
Active |
NO |
|
7 |
U26922AP1994PTC018650 |
Sri
Ramachandra Cement Private Limited |
Director |
08-03-02 |
08-03-02 |
- |
Strike
off |
NO |
|
8 |
U70102AP2007PTC054139 |
Janapriya
Properties Private Limited (Under Part IX) |
Director |
24-05-07 |
24-05-07 |
- |
Active |
NO |
|
9 |
U65999AP2007PTC055077 |
Janapriya
Holdings Private Limited. |
Director |
08-08-07 |
08-08-07 |
- |
Active |
NO |
|
10 |
U70102AP2007PTC056004 |
Janapriya
Townships Private Limited |
Director |
18-10-07 |
18-10-07 |
24-02-09 |
Active |
NO |
|
Name : |
Mr. Gopal Reddy Addula |
|
Designation : |
Director |
|
Address : |
H. No. 8-2-684/4/23, Anand Banjara Road No.12, Banjara Hills, Hyderabad
– 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
14.05.1960 |
|
Date of Appointment : |
26.12.2009 |
|
DIN No.: |
01760820 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Kondakindi Ravinder Reddy |
|
4920097 |
|
Kondakindi Priyamvada Reddy |
|
4733599 |
|
Kondakindi Kranti Kiran Reddy |
|
1269918 |
|
Gopal Reddy Addula |
|
07 |
|
N. NandaNadan Reddy |
|
07 |
|
K. Surinder Reddy |
|
07 |
|
K. Ravikiran Reddy |
|
07 |
|
Total
|
|
10923642 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Company is engaged in construction activity which is not power
intensive. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Vysya Bank Limited |
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Facilities : |
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ramu and Ravi Chartered Accountant |
|
Address : |
814, Raghava Ratna Towers, Chirag Alilane, Abids, Hyderabad – 500001,
Andhra Pradesh, India |
|
PAN.: |
AFDPK8758F |
|
|
|
|
Subsidiaries : |
·
Engineer Reddy Homes Private Limited ·
Janapriya Townships Private Limited |
|
|
|
|
Associates |
·
Janapriya Engineers Syndicate (J.V) ·
Ravipriya Chit Fund Private Limited ·
Janapriya Hara Indus Corporation Limited ·
Janapriya Properties Private Limited (Under Part
IX) ·
Engineers Syndicate International ·
Janapriya Mutually Aided Co-Operative Society ·
Ameya – Janapriya Health City Private Limited ·
Janapriya Holdings Private Limited ·
Doctors Syndicate Hospitals Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10923642 |
Equity Shares |
Rs.10/- each |
Rs.109.236
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 |
109.236 |
109.236 |
109.236 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
323.106 |
272.968 |
211.895 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
432.342 |
382.204 |
321.131 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
647.005 |
896.434 |
843.770 |
|
|
2] Unsecured Loans |
763.035 |
689.938 |
629.129 |
|
|
TOTAL BORROWING |
1410.040 |
1586.372 |
1472.899 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
1.335 |
8.448 |
|
|
|
|
|
|
|
|
TOTAL |
1842.382 |
1969.911 |
1802.478 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
357.941 |
445.676 |
241.675 |
|
|
Capital work-in-progress |
13.436 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
367.441 |
367.387 |
266.114 |
|
|
DEFERREX TAX ASSETS |
14.225 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1788.028
|
1122.897 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
14.640
|
21.806 |
3.675 |
|
|
Other Current Assets |
566.019
|
18.117 |
668.843 |
|
|
Loans & Advances |
649.195
|
1051.378 |
1145.516 |
|
Total
Current Assets |
3017.882
|
2214.198 |
1818.034 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
458.130
|
183.269 |
41.237 |
|
|
Other Current Liabilities |
1470.413
|
874.081 |
482.108 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
1928.543
|
1057.350 |
523.345 |
|
|
Net Current Assets |
1089.339
|
1156.848 |
1294.689 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1842.382 |
1969.911 |
1802.478 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
863.861 |
640.065 |
|
|
|
Other Income |
|
1.452 |
3.887 |
|
|
|
TOTAL (A) |
|
865.313 |
643.952 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expenses and Indirect Expenses Witten off during the year |
|
682.478 |
513.648 |
|
|
|
TOTAL (B) |
|
682.478 |
513.648 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
182.835 |
130.304 |
|
|
|
|
NA |
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
97.796 |
51.692 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
85.039 |
78.612 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
23.963 |
25.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
|
61.076 |
53.612 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
61.076 |
53.612 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
7.06 |
8.33 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
9.84 |
12.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
3.19 |
3.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.22 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.72
|
6.92 |
6.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.56
|
2.10 |
3.47 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office has been shifted from “3-6-115/A, Janapriya House,
Himayatnagar, Hyderabad – 500029, Andhra Pradesh, India” to the present address
w.e.f. 17.03.2011
Form 8:
|
Corporate identity number of the company |
U45200AP1995PTC020949 |
|
Name of the company |
JANAPRIYA ENGINEERS SYNDICATE PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
D No 8-2-120/86, 8-2-120/86/1, Keerthi and Pride Towers,Road No 2, Banjara
Hills, Hyderabad – 500034, Andhra Pradesh, India E-mail : sales@engineerssyndicate.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of charge holder |
SREI Equipment Finance Private Limited, 'Vishwakarma', 86C, Topsia
Road,, Kolkata – 700046, West Bengal, India E-mail : sanjay_chaurasia@srei.com
|
|
Nature of instrument creating charge |
Deed of hypothecation. |
|
Date of instrument Creating the charge |
19.12.2011 |
|
Amount secured by the charge |
Rs. 12.319 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest 15.90% per annum. Terms of Repayment Amount repayable in 46 monthly installments of Rs.364,201.00 each. Margin NIL Extent and Operation of the charge As per Deed of hypothecation. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
2 No. Batching Plant, 2 No. Bobcat Skid Steer Loader, 3 No. AL 2516, 3
No. Ashok Leyland ST 1613 H/1.(within India) |
Fixed Assets:
·
Computer and Printers
·
Furniture and Fittings
·
Cars
·
Pagers
·
Office Equipments
·
Air Conditioners
·
Concrete Mixer
·
Demolition Hammer
·
Generator
·
Mosaic Tiles machines
·
Scooters
·
Site Equipments
·
Tower Hoist
·
Vibrator
·
Xerox Machine
·
Drilling Machine
·
Vacuum Cleaner
·
Treatment Plants
·
Stone Crusher Equipments
·
Machinery
·
Projector Assets
·
Lorries, Tippers and
Tractor
·
Building - Crusher
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.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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.