|
Report Date : |
03.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
PTC ENGINEERING (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C – 657, New Friends Colony, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.12.2009 |
|
|
|
|
Com. Reg. No.: |
55-197217 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 9.323 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100DL2009PTC197217 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Automotive Components |
|
|
|
|
No. of Employees
: |
50 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 150000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There
appear huge losses recorded by the company. The external borrowing seems to
be huge. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings with great
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 : |
C – 657, New Friends Colony, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
1C, Udyog Vihar, Ucotech II, Gautam Buddh Nagar District, Greater
Noida, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4325507 / 06 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Mohan Singh Gandhi |
|
Designation : |
Director |
|
Address : |
R-2/221, Raj Nagar, |
|
Date of Birth/Age : |
02.02.1935 |
|
Date of Appointment : |
22.12.2009 |
|
DIN No.: |
00809470 |
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 |
U74899DL1994PTC062810 |
PTC
MOULDINGS PRIVATE LIMITED |
Director |
17/11/1994 |
17/11/1994 |
- |
Active |
NO |
|
2 |
U31101UP1972PTC003571 |
PROGRESSIVE
TOOLS AND COMPONENTS PRIVATE LIMITED. |
Managing
director |
04/12/1995 |
04/12/1995 |
- |
Active |
NO |
|
3 |
U28910DL2006PTC156893 |
KANAHIYA
OVERSEAS PRIVATE LIMITED |
Director |
05/09/2008 |
05/09/2008 |
05/05/2012 |
Active |
NO |
|
4 |
U27100DL2009PTC197217 |
PTC
ENGINEERING (INDIA) PRIVATE LIMITED |
Director |
22/12/2009 |
22/12/2009 |
- |
Active |
NO |
|
Name : |
Mr. Paramjit Gandhi |
|
Designation : |
Director |
|
Address : |
R-2/221, Raj Nagar, |
|
Date of Birth/Age : |
10.10.1962 |
|
Date of Appointment : |
22.12.2009 |
|
DIN No.: |
00809459 |
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 |
U74899DL1984PTC017460 |
SPECIAL
TOOLS PRIVATE LIMITED |
Director |
20/06/1989 |
20/06/1989 |
25/11/2011 |
Active |
NO |
|
2 |
U31101UP1972PTC003571 |
PROGRESSIVE
TOOLS AND COMPONENTS PRIVATE LIMITED. |
Director |
01/03/1994 |
01/03/1994 |
- |
Active |
NO |
|
3 |
U74899DL1994PTC062810 |
PTC
MOULDINGS PRIVATE LIMITED |
Director |
17/11/1994 |
17/11/1994 |
- |
Active |
NO |
|
4 |
U74999DL2005PTC134843 |
M P
A MACHINES AND METALS TRADING PRIVATE LIMITED |
Director |
05/05/2005 |
05/05/2005 |
- |
Active |
NO |
|
5 |
U74999DL2005PTC134842 |
A P
G METAL AND MACHINES TRADING PRIVATE LIMITED |
Director |
18/09/2006 |
18/09/2006 |
05/01/2013 |
Active |
NO |
|
6 |
U74999DL2007PTC161986 |
ANJANI
REALTORS PRIVATE LIMITED |
Director |
13/04/2007 |
13/04/2007 |
- |
Active |
NO |
|
7 |
U28910DL2007PTC164126 |
PGSD
ENGINEERING PRIVATE LIMITED |
Director |
30/05/2007 |
30/05/2007 |
20/03/2011 |
Converted
to LLP and dissolved |
NO |
|
8 |
U45400DL2007PTC170692 |
SUNLINE
PACKERS PRIVATE LIMITED |
Director |
12/08/2008 |
12/08/2008 |
- |
Active |
NO |
|
9 |
U21029HR2005PTC039805 |
FLEXPACK
TECHNOLOGIES PRIVATE LIMITED |
Director |
30/09/2010 |
14/12/2009 |
01/10/2010 |
Active |
NO |
|
10 |
U27100DL2009PTC197217 |
PTC
ENGINEERING (INDIA) PRIVATE LIMITED |
Director |
22/12/2009 |
22/12/2009 |
- |
Active |
NO |
|
11 |
U17299DL2007PTC160935 |
AASHIRWAD
LINENS PRIVATE LIMITED |
Additional
director |
22/02/2011 |
22/02/2011 |
- |
Active |
NO |
|
12 |
U17299DL2007PTC161031 |
RAINBOW
COTTON PRIVATE LIMITED |
Additional
director |
22/02/2011 |
22/02/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Paramjit Gandhi |
305835 |
|
Mohan Singh Gandhi |
5000 |
|
PTC Moulding Private Limited, India |
32000 |
|
PGSD Engineering Private Limited, India |
477000 |
|
Mithilanchal Investment and Finance Private Limited, India |
25000 |
|
Allegiance Trading Private Limited, India |
25000 |
|
Cornelius Marketing and Research Private Limited, India |
15000 |
|
Soffpro Technologies Private Limited, India |
10000 |
|
Bliss Buildcon Private Limited, India |
30000 |
|
Rising Portfolio India Private Limited, India |
20000 |
|
TOTAL
|
944835 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
67.00 |
|
Directors or relatives of Directors |
33.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Automotive Components |
|
|
|
|
Products : |
Sheet Metal Auto Components |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Auto Parts |
Nos. |
726226 |
GENERAL INFORMATION
|
No. of Employees : |
50 [Approximately] |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rakesh K Singhal Chartered Accountant |
|
Address : |
C-12, 115, 1st Floor, DB Plaza Business Centre, RDC, Raj
Nagar, |
|
Tel. No.: |
91-120-2702078 / 4373216 |
|
PAN No.: |
AFSPS2196E |
|
|
|
|
Associates : |
·
Progressive Tools and Components Private Limited ·
Special Tools Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
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 |
|
|
|
|
|
|
944835 |
Equity Shares |
Rs.10/- each |
Rs. 9.448
Millions |
|
125000 |
Calls In Arrears |
Rs.1/- each |
Rs. 0.125 Million |
|
|
TOTAL |
|
Rs. 9.323
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.323 |
7.648 |
3.428 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
29.285 |
42.184 |
42.755 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
38.608 |
49.832 |
46.183 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
184.800 |
230.891 |
243.384 |
|
|
2] Unsecured Loans |
46.517 |
26.170 |
29.000 |
|
|
TOTAL BORROWING |
231.317 |
257.061 |
272.384 |
|
|
DEFERRED TAX LIABILITIES |
8.363 |
4.912 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
278.288 |
311.805 |
318.567 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
320.157 |
325.775 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
310.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.059
|
6.424 |
0.000 |
|
|
Sundry Debtors |
10.245
|
1.834 |
0.000 |
|
|
Cash & Bank Balances |
1.233
|
0.469 |
3.124 |
|
|
Other Current Assets |
0.110
|
0.147 |
0.000 |
|
|
Loans & Advances |
2.522
|
0.815 |
0.000 |
|
Total
Current Assets |
28.169
|
9.689 |
3.124 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
21.742
|
6.145 |
0.220 |
|
|
Other Current Liabilities |
46.399
|
16.681 |
0.063 |
|
|
Provisions |
1.897
|
0.833 |
0.000 |
|
Total
Current Liabilities |
70.038
|
23.659 |
0.283 |
|
|
Net Current Assets |
(41.869)
|
(13.970) |
2.841 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
5.726 |
|
|
|
|
|
|
|
|
TOTAL |
278.288 |
311.805 |
318.567 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
47.222 |
18.886 |
0.000 |
|
|
|
Other Income |
0.499 |
0.476 |
0.000 |
|
|
|
TOTAL (A) |
47.721 |
19.362 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
20.235 |
10.285 |
0.000 |
|
|
|
Employee benefits expenses |
6.843 |
3.152 |
0.000 |
|
|
|
Other expense |
15.852 |
12.185 |
0.000 |
|
|
|
Changes in inventories of finished goods work in progress and stock in
trade |
(0.608) |
(3.409) |
0.000 |
|
|
|
TOTAL (B) |
42.322 |
22.213 |
0.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5.399 |
(2.851) |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
42.531 |
26.411 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(37.132) |
(29.262) |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.640 |
4.377 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(43.772) |
(33.639) |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.451 |
4.912 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(47.223) |
(38.551) |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(61.74) |
(50.40) |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(98.96)
|
(199.11) |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(92.69)
|
(178.12) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(12.57)
|
(10.03) |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.13)
|
(0.68) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.99
|
5.16 |
5.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.40
|
0.41 |
11.04 |
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 |
Yes |
|
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 |
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] |
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 |
|
UNSECURED LOAN |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Loans and
Advances |
|
|
|
From Related Parties |
46.517 |
26.170 |
|
|
|
|
|
TOTAL |
46.517 |
26.170 |
FINANCIAL RESULTS
During the year
the company has earned an income of Rs. 47.722 Millions as compared to Rs
19.362 Millions of previous year. The company and incurred total expenditure of
Rs. 91.494 Millions as compared to Rs 53.001 Millions of previous year. The
profit before taxation etc during the year was Rs. (43.772 Millions) as
compared to Rs (33.640 Millions) of previous year. After making provisions of
taxation etc. the net profit was Rs. (47.224 Millions) as compared to Rs
(38.551 Millions of previous year. The Board is hopeful that in near future the
company will show positive results.
FIXED ASSETS
·
Land
·
Building
·
Furniture and Fixtures
·
Plant and Machinery
·
Fan
·
Electric Installation
·
Printer
·
Air Conditioner
·
Computer
·
Tank of Diesel
·
Water Pumps
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 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. 54.38 |
|
|
1 |
Rs. 82.04 |
|
Euro |
1 |
Rs. 69.58 |
INFORMATION DETAILS
|
Report Prepared by
: |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.