MIRA
INFORM REPORT
|
Report Date : |
02.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
RPG INDUSTRIAL PRODUCT PRIVATE LIMITED (w.e.f. 01.04.2011) |
|
|
|
|
Formerly Known
As : |
RPG PAPERS PRIVATE LIMITED (w.e.f. 24.08.2010) RPG FOODS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1st Floor, 4, Shanker Vihar Vikas Marg, New Delhi-110092 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.06.2000 |
|
|
|
|
Com. Reg. No.: |
55-106438 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.950 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25190DL2000PTC106438 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR20386C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR6248K |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Investments, Commission Agents and Cultivation Operations |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 240000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profit and
loss account statement is not made available. However, trade relations are reported as fair. Business is active.
Payments terms are 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 – 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 |
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 : |
1st Floor, 4, Shanker Vihar Vikas Marg, New Delhi-110092,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Sanjeev Gupta |
|
Designation : |
Director |
|
Address : |
1st Floor, 4, Shanker Vihar Vikas Marg, New Delhi-110092,
India |
|
Date of Birth/Age : |
18.05.1976 |
|
Date of Appointment : |
23.06.2000 |
|
DIN No.: |
00060848 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25190DL2000PTC106438 |
RPG
INDUSTRIAL PRODUCT PRIVATE LIMITED |
Director |
23/06/2000 |
23/06/2000 |
- |
Active |
NO |
|
2 |
U51909DL1997PTC084439 |
AVTAR
DISTRIBUTORS PRIVATE LIMITED |
Director |
15/03/2002 |
15/03/2002 |
- |
Active |
NO |
|
3 |
U74899DL1993PLC054397 |
DEV
PRIYA PRODUCTS LIMITED |
Whole-time
director |
01/04/2010 |
01/04/2003 |
- |
Active |
NO |
|
4 |
U91110UP1945NPL001322 |
THE
WESTERN U.P. CHAMBER OF COMMERCE AND INDUSTRY |
Director |
23/09/2010 |
23/09/2010 |
- |
Active |
NO |
|
5 |
U24232UP2005PTC030508 |
ZEALOUS
BIOTECHNOLOGIES PRIVATE LIMITED |
Director |
01/12/2010 |
01/12/2010 |
10/11/2011 |
Active |
NO |
|
6 |
U45400WB1997PTC085820 |
RPG
NIRMAN PRIVATE LIMITED |
Additional
director |
01/09/2011 |
01/09/2011 |
- |
Active |
NO |
|
7 |
U70101DL2006PTC146584 |
KCSK
BUILDWELL PRIVATE LIMITED |
Director |
11/11/2011 |
11/11/2011 |
- |
Active |
NO |
|
Name : |
Mr. Rajeev Kumar Gupta |
|
Designation : |
Director |
|
Address : |
1st Floor, 4, Shanker Vihar Vikas Marg, New Delhi-110092,
India |
|
Date of Birth/Age : |
02.01.1965 |
|
Date of Appointment : |
23.06.2000 |
|
DIN No.: |
00126905 |
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 |
U25190DL2000PTC106438 |
RPG
INDUSTRIAL PRODUCT PRIVATE LIMITED |
Director |
23/06/2000 |
23/06/2000 |
Active |
NO |
|
2 |
U74899DL1993PLC054397 |
DEV
PRIYA PRODUCTS LIMITED |
Whole-time
director |
01/04/2010 |
01/04/2003 |
Active |
NO |
|
3 |
U45400WB1997PTC085820 |
RPG
NIRMAN PRIVATE LIMITED |
Director |
05/05/2011 |
02/05/2008 |
Active |
NO |
|
Name : |
Ms. Parul Gupta |
|
Designation : |
Director |
|
Address : |
A-2, Shambhu Nagar, Bagpi Pat Road, Meerut, Uttar Pradesh, India |
|
Date of Birth/Age : |
05.11.1967 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
01769623 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Rajeev Gupta |
35000 |
|
Sanjeev Gupta |
12000 |
|
Manish Gupta |
36500 |
|
Parul Gupta |
110500 |
|
Naveen Tyagi |
56500 |
|
Suresh Chand Goel |
57500 |
|
R P Gupta and Sons |
65000 |
|
Arun Sharma |
25000 |
|
Deepak Sharma |
25000 |
|
Rajendra Kumar |
30000 |
|
Shayam Shipping Agency (Private) Limited, India |
45000 |
|
Sanjay Chauhan |
65000 |
|
Satish Chand Goel |
35000 |
|
R P Gupta and Sons |
12000 |
|
VR Potfolio Limited, India |
60000 |
|
Rishab Filaments (Private) Limited, India |
67500 |
|
Waitak Nirman (Private) Limited, India |
57500 |
|
TOTAL
|
795000 |
AS ON 31.03.2012
|
Names of Allottees |
No. of Shares |
|
Waitak Nirman (Private) Limited, India |
195000 |
|
Arpit Construction (Private) Limited, India |
32000 |
|
A S Papers (Private) Limited, India |
55000 |
|
RPG Nirman (Private) Limited, India |
100000 |
|
Umapati Commercial (Private) Limited, India |
40000 |
|
Bhavya RPG Trust |
15000 |
|
Holy Commercial (Private) Limited, India |
40000 |
|
Krish RPG Trust |
15000 |
|
Manish Dhruv Trust |
16000 |
|
Rajendra Prasad and Sons (HUF) |
30000 |
|
RPG Varun Trust |
15000 |
|
Varnika RPG Trust |
14000 |
|
V R Portfolio (Private) Limited, India |
30000 |
|
TOTAL
|
597000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
6.80 |
|
Directors or relatives of Directors |
93.20 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Investments, Commission Agents and Cultivation Operations |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Punjab National Bank, Retail Asset Branch,
Meerut-250001, Uttar Pradesh, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ajay Shreya and Company Chartered Accountant |
|
Address : |
R-160, Greater Kailash, New Delhi-110048, India |
|
PAN No.: |
AAFPJ7601P |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
795000 |
Equity Shares |
Rs.10/- each |
Rs. 7.950
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1392000 |
Equity Shares |
Rs.10/- each |
Rs. 13.920
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 |
7.950 |
7.950 |
6.580 |
|
|
2] Share Application Money |
26.000 |
7.700 |
10.100 |
|
|
3] Reserves & Surplus |
27.186 |
26.431 |
9.403 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
61.136 |
42.081 |
26.083 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
61.136 |
42.081 |
26.083 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
37.722 |
23.620 |
11.936 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
7.388 |
7.549 |
7.040 |
|
|
DEFERREX TAX ASSETS |
0.022 |
0.022 |
0.022 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
2.180 |
2.204 |
|
|
Cash & Bank Balances |
11.088
|
1.169 |
5.425 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
5.062
|
9.104 |
1.152 |
|
Total
Current Assets |
16.150
|
12.453 |
8.781 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.124
|
1.579 |
1.732 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.089
|
0.077 |
0.013 |
|
Total
Current Liabilities |
0.213
|
1.656 |
1.745 |
|
|
Net Current Assets |
15.937
|
10.797 |
7.036 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.067 |
0.093 |
0.049 |
|
|
|
|
|
|
|
|
TOTAL |
61.136 |
42.081 |
26.083 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
9.694 |
|
|
|
Other Income |
NA |
NA |
0.208 |
|
|
|
TOTAL |
|
|
9.902 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
NA |
NA |
9.688 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
9.688 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
NA |
0.214 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
0.014 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.266 |
4.196 |
0.200 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.33 |
5.28 |
0.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA |
2.02 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
2.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
1.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00
|
0.04 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
75.82
|
7.52 |
5.03 |
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
one 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 |
No |
|
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 |
OPERATIONS
During the year, the company has earned a Net Profit after tax of Rs.
0.266 Million.
FORM 8
|
Corporate
identity number of the company |
U25190DL2000PTC106438 |
|
Name of the
company |
RPG INDUSTRIAL
PRODUCT PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1st Floor, 4, Shanker Vihar Vikas Marg, New Delhi-110092, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Immovable
property |
|
Particular of
charge holder |
Punjab National Bank, Retail Asset Branch, Meerut-250001, Uttar Pradesh, India |
|
Nature of
instrument creating charge |
Hypothecation agreement
of moveable assets, Extension of equitable mortgage in respect of loan and
other credit facilities taken by M/S
Dev Priya Products Limited as under; (i) FBWC limit of
Rs.300.000 Millions enhanced from Rs.250.000 Millions (ii) NFB limit of
Rs.25.000 Millions enhanced from Rs.15.000 Millions (iii) Four Term
Loan of Rs.255.000 Millions (sanctioned limit Rs.420.000 Millions) Total Rs.580.000
Millions |
|
Date of
instrument Creating the charge |
02.08.2012 |
|
Amount secured by
the charge |
Rs. 580.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As Per Agreement Terms of repayment As Per Agreement Margin As Per Agreement Extent and operation of the charge As Per Agreement |
|
Short particulars
of the property charged (Including location of the property) |
Factory Land
Situated At Khasra No.280/2, 276 and 277 Village Bahechaula, Mawana Road,
Meerut Plus Proposed Construction Thereon I.E. Rs.72.000 Millions + Rs.
42.100 Millions Total Rs.114.100 Millions. Area 39970 Sq. Mtrs. Land Adjacent To
Proposed Factory Building, Consisting Part Of Khasra No.275, Village
Bahechaula, Mawana Road, Meerut Having Area12746 Sq. Mtr. |
FIXED ASSETS
·
Land
·
Commercial Plot
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 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. 53.77 |
|
|
1 |
Rs. 86.76 |
|
Euro |
1 |
Rs. 69.71 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--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 |
|
30 |
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.