|
Report Date : |
09.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
VENKATESWARA WIRES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
302 Navjeevan Chamber, Vinoba Marg, RG C-Scheme, Jaipur – 302001,
Rajasthan. |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.05.1988 |
|
|
|
|
Com. Reg. No.: |
17-004446 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.758 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300RJ1988PTC004446 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JPRV02011C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV5085F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of all Kinds of Wires, Cables, Conductors,
etc. |
|
|
|
|
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 570000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an 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) |
|
India |
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 : |
302 Navjeevan Chamber, Vinoba Marg, RG C-Scheme, Jaipur – 302001,
Rajasthan, India. |
|
Tel No.: |
91-141-2371394 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 19.08.2011
|
Name : |
Mr. Rohit Kumar Saboo |
|
Designation : |
Director |
|
Address : |
14-A, Sangram Colony, C-Scheme, Jaipur-302001, |
|
Date of Birth/Age : |
01.02.1967 |
|
Date of Appointment : |
16.05.1988 |
|
DIN No.: |
00086846 |
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 |
U31300RJ1988PTC004446 |
VENKATESWARA
WIRES PRIVATE LIMITED |
Director |
16-05-88 |
16-05-88 |
- |
Active |
NO |
|
2 |
U14101RJ1992PTC006940 |
MLS
EXPORTS AND TRADING PRIVATE LIMITED |
Director |
08-09-92 |
08-09-92 |
- |
Active |
NO |
|
3 |
U74899DL1961PLC003394 |
INDIAN
ROCKWOOL COMPANY LIMITED |
Director |
18-12-00 |
18-12-00 |
17-08-07 |
Active |
NO |
|
4 |
U31300RJ2004PTC019802 |
ROYAL
CON-CAB PRIVATE LIMITED |
Director |
24-11-04 |
24-11-04 |
- |
Active |
NO |
|
5 |
U51101RJ1948PLC000752 |
UNIVERSAL
TRADING COMPANY LIMITED |
Director |
20-07-09 |
17-06-08 |
- |
Active |
NO |
|
6 |
U67120RJ1943PTC000137 |
JAIPUR
FINANCE AND DIARY PRODUCTS PRIVATE LIMITED |
Director |
04-08-08 |
04-08-08 |
- |
Active |
NO |
|
7 |
U34300DL2005PTC140968 |
NTN NEI
MANUFACTURING INDIA PRIVATE LIMITED |
Director |
25-08-08 |
25-08-08 |
- |
Active |
NO |
|
8 |
U14219RJ1949PLC000700 |
RAJASTHAN
INDUSTRIES LIMITED. |
Director |
20-07-09 |
05-09-08 |
- |
Active |
NO |
|
9 |
U72900DL2010PLC197773 |
BIRLA
SOFT LIMITED |
Director |
07-01-10 |
07-01-10 |
- |
Active |
NO |
|
Name : |
Mr. Abhay Kumar Bohra |
|
Designation : |
Director |
|
Address : |
C-128, Malyiya Nagar, Jaipur-302017, |
|
Date of Birth/Age : |
12.01.1948 |
|
Date of Appointment : |
21.04.1998 |
|
DIN No.: |
00420120 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U31300RJ1987PTC004236 |
ADINATH
ELECTRICALS PRIVATE LIMITED |
Director |
20-04-98 |
20-04-98 |
Active |
NO |
|
2 |
U31300RJ1988PTC004446 |
VENKATESWARA
WIRES PRIVATE LIMITED |
Director |
21-04-98 |
21-04-98 |
Active |
NO |
|
Name : |
Mr. Sanjay Kumar Saboo |
|
Designation : |
Director |
|
Address : |
14, Ashok Niwas, Mahaveer Marg, C-Scheme, Jaipur-302001 , |
|
Date of Birth/Age : |
29.11.1960 |
|
Date of Appointment : |
16.05.1988 |
|
DIN No.: |
00633771 |
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 |
U51101RJ1983PTC002682 |
VENKATESHWARA
TRADING AND INVESTMENTS COMPANY PRIVATE LIMITED |
Director |
26-03-83 |
26-03-83 |
- |
Active |
NO |
|
2 |
U31300RJ1988PTC004446 |
VENKATESWARA
WIRES PRIVATE LIMITED |
Director |
16-05-88 |
16-05-88 |
- |
Active |
NO |
|
3 |
U65993RJ1991PLC005870 |
MOONLIGHT
INVESTMENT AND MARKETING COMPANY LIMITED |
Director |
15-03-91 |
15-03-91 |
- |
Active |
NO |
|
4 |
U31300RJ1987PTC004236 |
ADINATH
ELECTRICALS PRIVATE LIMITED |
Director |
08-02-93 |
08-02-93 |
- |
Active |
NO |
|
5 |
U14101RJ1992PTC006940 |
MLS
EXPORTS AND TRADING PVT. LTD |
Director |
20-10-94 |
20-10-94 |
- |
Active |
NO |
|
6 |
U36911RJ1997PTC014313 |
PELIKAN
SOLITAIRES PRIVATE LIMITED |
Director |
09-10-97 |
09-10-97 |
- |
Active |
NO |
|
7 |
U67120RJ1997PTC014430 |
PEARL
SHARE BROKER PRIVATE LIMITED |
Director |
13-11-97 |
13-11-97 |
- |
Active |
NO |
|
8 |
U31300RJ2004PTC019802 |
ROYAL
CON-CAB PRIVATE LIMITED |
Director |
24-11-04 |
24-11-04 |
- |
Active |
NO |
|
9 |
U29299RJ2006PTC023319 |
SHUBH
SUMANGAL ENGINEERS PRIVATE LIMITED |
Director |
14-11-06 |
14-11-06 |
04-07-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.08.2011
|
Names of Shareholders |
No. of Shares |
|
Sanjay Saboo |
24210 |
|
Rohit Saboo |
3300 |
|
M L Saboo (HUF) |
3200 |
|
Seema Saboo |
4665 |
|
Sanjay Saboo (HUF) |
1 |
|
Shashi Saboo |
10435 |
|
Moonlight Investment and Marketing Company Limited, India |
2435 |
|
MLS Export and Trading Private Limited, India |
2225 |
|
Sulochana Agieal |
1 |
|
Vineet Kumar Sharma |
1 |
|
Shubh Sharma |
1 |
|
Monisha Bafna |
1 |
|
Mehu; Duriabji |
1 |
|
Geeta Saboo |
1 |
AS ON 19.08.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
12.35 |
|
Directors or relatives of Directors |
87.60 |
|
Other top fifty shareholders |
0.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of all Kinds of Wires, Cables, Conductors, etc |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
AAC, ACSR, AAAC, Multisrand Conductor and XLPE Cable |
K.M. |
40000 |
19394.723 |
|
Aluminum and Compacted Wire |
MT |
-- |
2025.496 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
The Bank of Rajasthan Limited, V K I Area Branch,
Road No.5, Jaipur – 302013, Rajasthan, India. ·
ICICI Bank Limited, Shreeji Tower C-99, C-Scheme,
Ahinda Circle, Jaipur-302001, Rajasthan, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H.S. Darda and Company Chartered Accountant |
|
Address : |
36-A, Suraj Nagar East, Civil Lines, Jaipur-302006, Rajasthan, India |
|
Pan No.: : |
AACFM0580E |
|
|
|
|
Associates : |
·
MLS Export and Trading Private Limited CIN No.:-
U14101RJ1992PTC006940 ·
Moonlight Investment and Trading Limited CIN No.:-
U65993RJ1991PLC005870 ·
Venkateshwar Trading and Investment Private
Limited CIN No.:-
U51101RJ1983PTC002682 ·
Adinath Electricals Private Limited CIN No.:-
U31300RJ1987PTC004236 ·
Royal Concab Private Limited CIN No.:-
U31300RJ2004PTC019802 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.100/- each |
Rs. 7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
57575 |
Equity Shares |
Rs.100/-
each |
Rs. 5.758
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 |
5.758 |
5.758 |
5.482 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
138.557 |
128.146 |
98.420 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
144.315 |
133.904 |
103.902 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
207.974 |
184.031 |
180.584 |
|
|
2] Unsecured Loans |
23.044 |
26.981 |
36.807 |
|
|
TOTAL BORROWING |
231.018 |
211.012 |
217.391 |
|
|
DEFERRED TAX LIABILITIES |
21.362 |
21.362 |
21.362 |
|
|
|
|
|
|
|
|
TOTAL |
396.695 |
366.278 |
342.655 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
126.110 |
121.195 |
89.495 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.945 |
1.945 |
0.945 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
38.579
|
28.702 |
36.080
|
|
|
Sundry Debtors |
300.187
|
271.360 |
267.022
|
|
|
Cash & Bank Balances |
43.255
|
33.175 |
26.001
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
24.066
|
27.761 |
22.453
|
|
Total
Current Assets |
406.087
|
360.998 |
351.556 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
132.194
|
112.742 |
92.982 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000
|
|
|
Provisions |
5.253
|
5.159 |
6.440
|
|
Total
Current Liabilities |
137.447
|
117.901 |
99.422 |
|
|
Net Current Assets |
268.640
|
243.097 |
252.134
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.041 |
0.081 |
|
|
|
|
|
|
|
|
TOTAL |
396.695 |
366.278 |
342.655 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
SALES |
1095.941 |
1032.756 |
1004.888 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
19.092 |
37.810 |
35.810 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.664 |
5.867 |
4.643 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
12.428 |
31.943 |
31.167 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.000 |
7.425 |
7.862 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
10.428 |
24.518 |
23.305 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
83.607 |
61.589 |
48.284 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
2.500 |
10.000 |
|
|
BALANCE CARRIED
TO THE B/S |
94.035 |
83.607 |
61.589 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
181.12 |
459.27 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
1.13
|
3.09 |
3.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.34
|
6.62 |
7.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.24 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.69
|
2.62 |
3.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.95
|
3.06 |
3.54 |
LOCAL AGENCY FURTHER INFORMATION
PEFORMANCE AND BUSINESS
The company
attained a sales turnover of Rs 1095.941 Millions (including Wind Power project
sale of electricity of Rs. 12.305 Millions) against a turnover of Rs. 1036.266
Millions (including Wind Power project sale of electricity of Rs. 14.192
Millions) in the financial year 2010-11. The performance was lackluster due to
high volatility in commodity market. Metal prices were quite depressed during
the year. The profitability was also greatly impacted due to steep reduction in
margins. The company is hopeful of turning out better performance in the
current year.
FORM 8
|
Corporate
identity number of the company |
U31300RJ1988PTC004446 |
|
Name of the
company |
VENKATESHWARA WIRES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Address : 302, Navjeevan Chamber, Vinoba Marg,RG C-Scheme, Jaipur –
302001, Email : venwire@yahoo.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
ICICI Bank Limited, Shreeji Tower C-99, C-Scheme, Ahinda Circle,
Jaipur-302001, Rajasthan, India |
|
Nature of
instrument creating charge |
1. Credit
Arrangement letter 2. Declaration in
matter of mortgage by deposit of title deeds in respect of immovable
properties and moveable properties. 3. Declaration in
matter of mortgage by deposit of title deeds in respect of immovable
properties and moveable properties by M/S Royal Concab Private Limited. |
|
Date of
instrument Creating the charge |
05.10.2011 |
|
Amount secured by
the charge |
Rs. 49.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As per Bank
norms. Terms of repayment Repayable on
Demand. Margin As per Bank
Norms. Extent and operation of the charge The charge will
operate as first charge to the extent of Rs.49.000 Millions to secure the
overdraft facility granted to the company by the Bank. |
|
Short particulars
of the property charged (Including location of the property) |
First exclusive
charge by way of hypothecation of company's
moveable properties including all moveable plant and machinery,
machinery spares, tools and accessories, non trade receivables and other
moveable’s, both present and future, whether in possession or under control
of the borrower or stored in or about borrower's factory, premises and
godowns situated at C-116 (A-1) Road no. 8, VKI Area, Jaipur or elsewhere to
secure the overdraft facility of Rs.49,000,000/- granted to the company by
the Bank. Equitable
mortgage is created over company's immovable property situated at C-116 (A-1)
Road no. 8, VKI Area, Jaipur having land area 4000sqm and constructed area
2610.42 sqm comprising factory, land and building, constructed or to be
constructed, fixed plant and machinery, erected or to be erected, both
present and future, to cover the overdraft facility of Rs.49,000,000/-
granted to the company by the Bank. The above
overdraft facility is collaterally secured by creating Equitable mortgage on
immovable property of M/S Royal Concab Private Limited situated at E-55, Road
No.4, opposite SBBJ Bank, VKI Area, Jaipur having area 3444sqm comprising
factory, land and building, constructed or to be constructed, fixed plant and
machinery, erected or to be erected, both present and future to cover the
overdraft facility of Rs.49.000 Millions granted to M/S Venkateshwara Wires
Private Limited by the Bank. |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Jaislemer
·
Testing Equipment
·
Electricity Installments
·
Vehicles
·
Furniture
·
Office Equipments
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. 50.02 |
|
|
1 |
Rs. 79.31 |
|
Euro |
1 |
Rs. 66.02 |
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 |
5 |
|
--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 |
|
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.