|
Report Date : |
13.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
LIPI BOILERS LIMITED |
|
|
|
|
Formerly Known
As : |
LIPI BOILERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Mahendra Chambers, May Fair, A-4, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
11.09.1974 |
|
|
|
|
Com. Reg. No.: |
11-017766 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.43.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28131MH1974PLC017766 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEL00118G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Industrial Boilers and Accessories and
Auxiliary Plants. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1020000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. It has achieved
tremendous growth in sales during 2011. Trade relations are reported as decent. Business is active. Payments
are reported to be regular and as per commitments. The company can be considered 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.
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.
INFORMATION DECLINED BY
|
Name : |
Mr. Sorate |
|
Designation : |
Accounts Assistant |
|
Contact No.: |
91-20-66849900 |
|
Date : |
12.09.2012 |
LOCATIONS
|
Registered Office : |
Mahendra Chambers, May Fair, A-4, Dhole Patil Road, Pune-411001,
Maharashtra, India |
|
Tel. No.: |
91-20-32900293 / 30900294 |
|
Fax No.: |
91-20-26165947 |
|
E-Mail : |
|
|
Area : |
10500 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
E-5, Industrial Area, Chikhalthana, Aurangabad-431210, |
|
Area : |
12000 Sq. ft |
|
Location : |
Owned |
DIRECTORS
AS ON 19.09.2011
|
Name : |
Mr. Rajkumar Adlakha |
|
Designation : |
Director |
|
Address : |
KD-51, Kavi Nagar, Gaziabad-2001002, Uttar Pradesh, India |
|
Date of Birth/Age : |
22.01.1956 |
|
Qualification : |
B.E. Medical |
|
Date of Appointment : |
03.10.1992 |
|
Din No.: |
00133256 |
|
|
|
|
Name : |
Mr. Vijaykumar Ghuliani |
|
Designation : |
Director |
|
Address : |
A-273, New Friends Colony, New Delhi-110065, |
|
Date of Birth/Age : |
09.06.1941 |
|
Qualification : |
B.E. Medical |
|
Date of Appointment : |
22.08.1995 |
|
Din No.: |
00810725 |
|
|
|
|
Name : |
Mr. Ramarathnam Gopalaiyer |
|
Designation : |
Director |
|
Address : |
C-102, Gateway Tower, Sector-4 Vaishali, Gaziabad-201010.Uttar Pradesh
India |
|
Date of Birth/Age : |
13.09.1941 |
|
Date of Appointment : |
15.03.10 |
|
Din No.: |
00289752 |
KEY EXECUTIVES
|
Name : |
Mr. Sorate |
|
Designation : |
Accounts Assistant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Vijaykumar Goel |
|
3125 |
|
Lipi Cinsultants Private Limited, |
|
104164 |
|
Rajkumar Adlakha |
|
1689375 |
|
Rajan Adlakha |
|
2084 |
|
Amita Adlakha |
|
3334 |
|
Ranjan Adlakha |
|
2084 |
|
Sonia Adlakha |
|
2084 |
|
Shomna Adlakha |
|
1250 |
|
Pariksha Fin-Invest-Lease Limited, |
|
1570000 |
|
New Castel Finance and Leasing Private Limited, |
|
233470 |
|
Adharshila Capital Services Limited, |
|
559030 |
|
G.M Coloni Sers Private Limited, |
|
180000 |
|
|
|
|
|
TOTAL
|
|
4350000 |
AS ON 19.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
60.84 |
|
Directors
or relatives of directors |
|
39.09 |
|
Other
top fifty shareholders |
|
0.07 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Boilers and Accessories and
Auxiliary Plants. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Actual
Production |
|
Boilers and Parts |
Nos. |
10 |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
|||||||||
|
|
|
|||||||||
|
Bankers : |
v
Indian Overseas Bank, Pune Cantonment Branch,
Wonderland, 7 M.G. Road, Pune-411001, Maharashtra, India v
Punjab National Bank, Mohan Nagar, Gaziabad-201002,
Uttar Pradesh, India v
ICICI Bank Limited |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra K. Kumar and Associates Chartered Accountants |
|
Address : |
57, Navyug Market, Gaziabad-201002, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2790426 / 2797683 |
|
Fax No.: |
91-120-4105323 |
|
E-Mail : |
|
|
Pan No.: |
ACYPK1743J |
|
|
|
|
Related Parties : |
·
The Standard Type Foundry Private Limited ·
Uttam Industrial Engineering Limited ·
Uttam Sugar Mills Limited ·
Telma Trading Private Limited ·
Uttam Distilleries Limited ·
Lipi Consultants Private Limited ·
Sekhri Finance and Investments Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5200000 |
Equity Shares |
Rs. 10/- each |
Rs.52.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4350000 |
Equity Shares |
Rs. 10/-
each |
Rs.43.500
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 |
43.500 |
43.500 |
43.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
212.682 |
191.171 |
177.692 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
256.182 |
234.671 |
221.192 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
21.819 |
21.819 |
13.280 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.017 |
|
|
TOTAL BORROWING |
21.819 |
21.819 |
13.297 |
|
|
DEFERRED TAX LIABILITIES |
2.856 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
280.857 |
256.490 |
234.489 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
44.219 |
33.386 |
27.635 |
|
|
Capital work-in-progress |
0.000 |
8.120 |
6.744 |
|
|
|
|
|
|
|
|
INVESTMENT |
290.698 |
145.991 |
137.990 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.122 |
1.351 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
98.986
|
68.361
|
51.731 |
|
|
Sundry Debtors |
8.067
|
6.875
|
6.105 |
|
|
Cash & Bank Balances |
20.553
|
10.335
|
6.089 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
38.085
|
192.978
|
145.041 |
|
Total
Current Assets |
165.691
|
278.549
|
208.966 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
20.571
|
13.728
|
15.383 |
|
|
Other Current Liabilities |
190.486
|
174.188
|
115.075 |
|
|
Provisions |
8.694
|
21.762
|
17.739 |
|
Total
Current Liabilities |
219.751
|
209.678
|
148.197 |
|
|
Net Current Assets |
(54.060)
|
68.871
|
60.769 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
280.857 |
256.490 |
234.489 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
198.847 |
38.455 |
78.942 |
|
|
|
Other Income |
18.007 |
20.002 |
14.964 |
|
|
|
TOTAL |
216.854 |
58.457 |
93.906 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials and Manufacturing |
144.339 |
12.372 |
44.402 |
|
|
|
Employees’ Remuneration and benefits |
24.913 |
19.645 |
21.990 |
|
|
|
Administration, Finance and Others |
10.032 |
6.312 |
8.938 |
|
|
|
TOTAL |
179.284 |
38.329 |
75.330 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
37.570 |
20.128 |
18.576 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.413 |
1.212 |
1.197 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
35.157 |
18.916 |
17.379 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
11.672 |
5.437 |
6.549 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
23.485 |
13.479 |
10.830 |
|
|
|
|
|
|
|
|
|
Add/ Less |
INCOME TAX OF
EARLIER YEARS |
(1.974) |
0.000 |
(1.463) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
109.107 |
115.628 |
116.261 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
20.000 |
20.000 |
10.000 |
|
|
BALANCE CARRIED
TO THE B/S |
110.618 |
109.107 |
115.628 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
31.225 |
0.000 |
7.434 |
|
|
|
Plant and Machinery |
0.000 |
6.033 |
14.823 |
|
|
TOTAL IMPORTS |
31.225 |
6.033 |
22.257 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
5.40 |
3.10 |
2.49 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
10.83
|
23.05 |
11.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
17.68
|
49.19 |
22.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.75
|
6.06 |
7.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.08 |
0.079 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.94
|
0.99 |
0.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.75
|
1.33 |
1.41 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
SUNDRY CREDITORS |
|
|
|
|
Including
Rs.5.953 Millions due to micro small and medium enterprises-previous year
Rs.6.834 millions |
20.571
|
13.728
|
15.383 |
|
TOTAL |
20.571 |
13.728 |
15.383 |
|
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 |
Yes |
|
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
FINANCIAL RESULTS:
The working of the company for the year
resulted in profit of Rs.35.157 Millions as against Rs.18.916 Millions in the
previous year.
BANKERS CHARGES REPORT
AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U28131MH1974PLC017766 |
|
Name of the
company |
LIPI BOILERS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Mahendra Chambers, May Fair, A-4, Dhole Patil Road, Pune-411001,
Maharashtra, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Immovable
Property |
|
Particular of
charge holder |
Indian Overseas Bank, Pune Cantonment Branch, Wonderland, 7 M.G. Road,
Pune-411001, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
(a) Hypothecation
of Book Debts dated 24.12.11 (b) Letter of
Hypothecation (in case of open advances only) dated 24.12.11 (c) Letter of
Hypothecation (in case of Machineries only) dated 24.12.11 (d) Letter of
Hypothecation (for securing Machineries/vehicles goods/book debts) dated
24.12.11 (e) Declaration
regarding Deposit of Title Deeds dated 24.12.11 |
|
Date of
instrument Creating the charge |
24.12.2011 |
|
Amount secured by
the charge |
Rs.100.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest For Cash Credit
Limit upto Rs.40.000 millions: BR+3.00% For Letter of
Guarantee Limit upto Rs.60.000 millions (sub limit: Letter of Credit of
Rs.20.000 millions): As per circular in force. Terms of
Repayment Repayable on
demand Margin 25% Extent and
Operation of the charge The Charge
operates as security for the due repayment and discharge by the company to Indian
Overseas Bank for its Cash Credit facilities and Letter of Guarantee upto
Rs.100.000 millions together with all the monies payable to Indian Overseas
Bank as per security documents dated 24.12.2011. |
|
Short particulars
of the property charged |
Exclusive Charge
over the entire current assets of the Company. Equitable
Mortgage of Factory Land and Building at industrial plot No.E-5, MIDC
Chikalthana, Aurangabad measuring about 12000 sqmtrs. Hypothecation of
plant and machinery situated at industrial plot No.E-5, MIDC Chikalthana,
Aurangabad |
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Guarantees/Counter
Guarantees |
14.134 |
4.872 |
|
Corporate
Guarantees Given For Loan Taken By Uttam Sugar Mills Limited |
62.831 |
67.206 |
|
Claims Against
The Company Not Acknowledged As Debts |
1.049 |
0.718 |
|
TOTAL |
78.014 |
72.796 |
FIXED ASSETS:
v Land
v Building(Factory)
v Building(Office and others)
v Electrical Installations
v D G Set
v Plant and Machinery
v Drawing Office Equipments
v Furniture and Fixtures
v Computers
v Office Equipments
v Air Conditioners
v Vehicles
v Material Testing Equipments
v Jigs and Fixtures
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.55.26 |
|
|
1 |
Rs.88.85 |
|
Euro |
1 |
Rs.71.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.