1. Summary Information
|
|
|
Country |
|
|
Company Name |
PREMIER CONVEYORS PRIVATE LIMITED |
Principal Name 1 |
Mr. Sanjeev Charanjeevlal Aggarwal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Neeraj Charanjeevlal Aggarwal |
|
|
|
Registration # |
11-148485 |
|
Street Address |
Flat No. C-605, The Great Eastern Garden, LBS Marg, Opposite |
||
|
Established Date |
09.09.2004 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Rubber Conveyor Belts |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.4,812,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 96.88%, Others 3.12% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
8 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
- |
- |
- |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
10,367,000 |
Current Liabilities |
39,531,000 |
|
Inventories |
44,951,000 |
Long-term Liabilities |
38,182,000 |
|
Fixed Assets |
42,458,000 |
Other Liabilities |
3,910,000 |
|
Deferred Assets |
000 |
Total Liabilities |
81,623,000 |
|
Invest& other Assets |
9,743,000 |
Retained Earnings |
21,084,000 |
|
|
|
Net Worth |
25,896,000 |
|
Total Assets |
107,519,000 |
Total Liab. & Equity |
107,519,000 |
|
Total Assets (Previous Year) |
80,951,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales/ Total Income |
87,156,000 |
Net Profit |
(50,000) |
|
Sales(Previous yr)/ Total Income |
75,697,000 |
Net Profit(Prev.yr) |
750,000 |
MIRA
INFORM REPORT
|
Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
PREMIER CONVEYORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. C-605, The Great Eastern Garden, LBS Marg, Opposite |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
09.09.2004 |
|
|
|
|
Com. Reg. No.: |
11-148485 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.812
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300MH2004PTC148485 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEP119991A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP1217B |
|
|
|
|
Legal Form : |
Private Limited Liability
Company |
|
|
|
|
Line of Business
: |
Manufacturing and Exporting of High Quality Rubber Conveyor Belts. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company
has incurred some losses in the current year (i.e. 2010-11). However, trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings with some caution.
|
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 / Correspondence Office : |
Flat No. C-605, The Great Eastern Garden, LBS Marg, Opposite |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No. 141 A/6, Village Saporande, Opposite Essel Propack, |
|
Tel. No.: |
91-2526-321114 |
|
Fax No.: |
91-2526-220777 |
|
|
|
|
|
|
|
Tel. No.: |
+1-281-2863459/281-2800265 |
|
E-Mail : |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Sanjeev Charanjeevlal Aggarwal |
|
Designation : |
Director |
|
Address : |
E/12, |
|
Date of Birth/Age : |
03.08.1970 |
|
Date of Appointment : |
09.09.2004 |
|
Din No.: |
02552354 |
|
|
|
|
Name : |
Mr. Neeraj Charanjeevlal Aggarwal |
|
Designation : |
Director |
|
Address : |
Flat No. C-605, The Great Eastern Garden, LBS Marg, Opposite |
|
Date of Birth/Age : |
05.09.1974 |
|
Date of Appointment : |
09.09.2004 |
|
Din No.: |
00769376 |
|
|
|
|
Name : |
Mrs. Rubeena Neeraj Aggarwal |
|
Designation : |
Director |
|
Address : |
Flat No. C-605, The Great Eastern Garden, LBS Marg, Opposite |
|
Date of Birth/Age : |
05.02.1976 |
|
Date of Appointment : |
01.04.2008 |
|
Din No.: |
02811702 |
|
|
|
|
Name : |
Mr. Charanjeevlal R. Aggarwal |
|
Designation : |
Director |
|
Address : |
E/12, |
|
Date of Birth/Age : |
07.05.1942 |
|
Date of Appointment : |
01.04.2009 |
|
Din No.: |
02811720 |
|
|
|
|
Name : |
Bindu Aggarwal |
|
Designation : |
Director |
|
Address : |
E/12, |
|
Date of Birth/Age : |
31.08.1971 |
|
Date of Appointment : |
01.10.2010 |
|
Din No.: |
03571178 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Neeraj Charanjeevlal Aggarwal |
|
108200 |
|
Sanjeev Charanjeevlal Aggarwal |
|
105000 |
|
Anil Gupta |
|
1000 |
|
C.L. Aggarwal |
|
100000 |
|
Dhiraj Dheer |
|
2000 |
|
Gopal Gupta |
|
1000 |
|
Bindu Aggarwal |
|
50000 |
|
Kamaljit Singh |
|
2000 |
|
Menu Gupta |
|
1000 |
|
Neelam Gupta |
|
1000 |
|
Nirmala Gupta |
|
1000 |
|
Parvinder Singh |
|
2000 |
|
Sulakshana Aggarwal |
|
44400 |
|
Parshottamlal Pathak |
|
2000 |
|
Rajinder Singh |
|
2000 |
|
Ramakant Pandey |
|
2000 |
|
Ritu Gupta |
|
1000 |
|
Rubeena Neeraj Aggarwal |
|
50000 |
|
S C Gupta |
|
1000 |
|
S K Gupta |
|
1000 |
|
Tripti Narayan |
|
2000 |
|
Gopal Madan Singh |
|
1000 |
|
Neeraj Charanjeevlal Aggarwal HUF |
|
1000 |
As on 28.11.2011
|
Names of Allottees |
|
No. of Shares |
|
Angad Bakshi |
|
140641 |
|
|
|
|
|
Total |
|
140641 |
As on 29.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
96.88 |
|
Other
|
|
3.12 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Exporting of High Quality Rubber Conveyor Belts. |
|
|
|
|
Brand Names : |
“ROLAST” |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
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Bankers : |
State Bank of |
||||||||||||||||||||||||||||||||||||
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|
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Karunakar Tilak and Company Chartered Accountants |
|
Address : |
203, Shiva Industrial Estate, |
|
Tel No.: |
91-22-22938845 |
|
Mobile No.: |
91-9821874436 |
|
Pan No.: |
AAIFK7842C |
CAPITAL STRUCTURE
As on 29.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
621841 |
Equity Shares |
Rs.10/- each |
Rs.6.218
Millions |
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
481200 |
Equity Shares |
Rs.10/- each |
Rs.4.812
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 |
4.812 |
4.812 |
4.812 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.175 |
|
|
3] Reserves & Surplus |
21.084 |
20.638 |
18.887 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
25.896 |
25.450 |
23.874 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
37.404 |
34.871 |
37.222 |
|
|
2] Unsecured Loans |
0.778 |
0.018 |
0.916 |
|
|
TOTAL BORROWING |
38.182 |
34.889 |
38.138 |
|
|
DEFERRED TAX LIABILITIES |
1.198 |
0.833 |
0.469 |
|
|
|
|
|
|
|
|
TOTAL |
65.276 |
61.172 |
62.481 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
42.458 |
37.481 |
39.264 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
9.743 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
44.951
|
26.682 |
18.484 |
|
|
Sundry Debtors |
2.773
|
3.180 |
11.475 |
|
|
Cash & Bank Balances |
0.919
|
0.374 |
0.052 |
|
|
Other Current Assets |
2.815
|
8.820 |
18.397 |
|
|
Loans & Advances |
3.860
|
4.400 |
3.378 |
|
Total
Current Assets |
55.318
|
43.456 |
51.786 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
39.531
|
17.676 |
26.948 |
|
|
Provisions |
2.712
|
2.103 |
1.642 |
|
Total
Current Liabilities |
42.243
|
19.779 |
28.590 |
|
|
Net Current Assets |
13.075
|
23.677 |
23.196 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.014 |
0.021 |
|
|
|
|
|
|
|
|
TOTAL |
65.276 |
61.172 |
62.481 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
87.156 |
75.697 |
67.076 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
76.658 |
66.545 |
57.766 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
76.658 |
66.545 |
57.766 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.498 |
9.152 |
9.310 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.371 |
4.618 |
5.268 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.127 |
4.534 |
4.042 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.719 |
3.217 |
3.118 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
0.408 |
1.317 |
0.924 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.458 |
0.567 |
0.639 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(0.050) |
0.750 |
0.285 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(0.050) |
0.750 |
0.285 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.10) |
1.55 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(0.06)
|
0.99 |
0.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.42
|
1.63 |
1.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.05 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.11
|
2.15 |
2.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31
|
2.20 |
1.81 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
NOTE:
The registered office of the company has been shifted from 112, Block No III, 1st Floor, Emerald Plaza, Hiranandani Meadows, Pokhran Road No. 2, Thane (West), Thane-400610, Maharashtra, India to the present address w.e.f. 13.03.2008
OPERATION:
For the year, the gross turnover was Rs.87.156
Millions as compared to Rs.75.697 Millions previous years.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10025256 |
|
Corporate
identity number of the company |
U34300MH2004PTC148485 |
|
Name of the
company |
PREMIER CONVEYORS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Flat No. C-605, The Great Eastern Garden, LBS Marg, Opposite |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
State Bank of |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Agreement of Loan cum hypothecation. |
|
Date of
instrument Creating the charge |
24.02.2012 |
|
Amount secured by
the charge |
Rs.85.300 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest WC - Int at the
rate of 4.50% Margin above the BR which is pre 10.00% p.a. Present effective
rate 14.50% p.a. The EPC ROI will be as applicable to EPC facility presently
10%. TL - As per existing ROI. Terms of
Repayment Repayable on
demand. Margin EPC Pre shipment
advance - 10%, RM Domestic - 25%, RM Imported - 25%, SIP - 33.33%, FG - 25%, Receivables
(Cover 90 days) - 40%, Letter of Credit - 20%, BG - 25%. Extent and
Operation of the charge Security to cover
principal amount together with interest, costs, charges and expenses etc. Others CC - Rs. 30.000
Millions, EPC@ - (Rs. 15.000 Millions), EBD/IBD - (Rs. 10.000 Millions), Term
Loan I - Rs. 2.000 Millions, Term Loan 2 - Rs. 13.300 Millions, LC% - Rs.
30.000 Millions, Bank Guarantee% - Rs. 10.000 Millions, Total - Rs. 85.300
Millions. @with
interchangeability within overall DCC Limit. %With 50%
interchangeability between LC and BG Limit.
All other terms
and conditions as per the sanctioned letter and loan agreement. |
|
Short particulars
of the property charged |
Hypothecation
charge on entire Stock of Raw Materials, Stocks in process, Finished Goods,
Receivables stores and spares and all other current assets present and future
of the firm. Hypothecation of
plant and machinery purchased out of bank finance. Hypothecation of plant and
machinery purchased out of banks finance project cost Rs. 22.000 Millions. |
|
Date of latest
modification prior to the present modification |
08.04.2011 |
|
Particulars of
the present modification |
Now by this and
present modification by which the overall limit of Rs. 81.400 Millions now increased
to Rs. 85.300 Millions. |
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.56.05 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
29 |
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.