|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SPECIAL TOOLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-657, New Friends Colony, New Delhi – 110025 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
31.01.1984 |
|
|
|
|
Com. Reg. No.: |
55-017460 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.460
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1984PTC017460 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES21800C/ DELS09647B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD3583R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Supplying high quality range of Automobile Part. |
|
|
|
|
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 150000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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, New Delhi – 110025, India |
|
Tel. No.: |
91-120-2782187/ 2897522 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Works : |
41/20-21, Site IV, Industrial Area, Sahibabad, Ghaziabad – 201010,
Uttar Pradesh, India |
|
Tel. No.: |
91-120-2897522/ 2897545/ 2896926 |
|
Fax No.: |
91-120-2897522 |
|
|
|
|
Factory 1 : |
Gate No. 145/152, Sanswadi, Tal Shirur, Pune – 412208, |
|
Tel. No.: |
91-20-412208/ 252564 |
|
|
|
|
Factory 2 : |
1803, GIDC Industrial Estate, Halol, Baroda, Gujarat, India |
|
Mob No.: |
91-9879529944 (Mr. Mehul Paresh) |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Gagandeep Gandhi |
|
Designation : |
Director |
|
Address : |
R – 2/221, Raj Nagar, Gaziabad + Dadri– 201002, Uttar Pradesh, India |
|
Date of Birth/Age : |
20.03.1974 |
|
Date of Appointment : |
10.11.1993 |
|
DIN No.: |
01370511 |
|
|
|
|
Name : |
Ms. Jasmine Gandhi |
|
Designation : |
Director |
|
Address : |
III-D/8, Nehru Nagar, Gaziabad + Dadri– 201002, Uttar Pradesh, India |
|
Date of Birth/Age : |
30.07.1968 |
|
Date of Appointment : |
16.03.1992 |
|
DIN No.: |
02979634 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Gagandeep Gandhi |
|
42445 |
|
Jasmine Gandhi |
|
12645 |
|
Parmjit Gandhi |
|
2650 |
|
Swran Gandhi |
|
2820 |
|
Kulpreet Gandhi |
|
1500 |
|
Ranjana Chopra |
|
10 |
|
Yogesh Chopra |
|
10 |
|
Priyank Gupta |
|
10 |
|
Devinder Kaur |
|
10 |
|
White Collar Management Services Private Limited |
|
1250 |
|
Transmission Merchandies Private Limited |
|
1875 |
|
|
|
|
|
TOTAL |
|
65225 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
5.00 |
|
Directors or relatives of directors |
|
95.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Supplying high quality range of Automobile Part. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
|
Sheet Comp. |
Nos. |
NA |
NA |
7550180 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
HDFC Bank ·
State Bank of India ·
Oriental bank of Commerce SSL Branch, Site – IV, Industrial Area, Ghaziabad – 201001, Uttar
Pradesh, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N R and Company Chartered Accountant |
|
Address : |
C-12, 115, 1st Floor, D B Plaza, Business Centre, RDC Raj
Nagar, Ghaziabad – 201002, Uttar Pradesh, India |
|
Tel No.: |
91-120-2702078/ 4373216 |
|
PAN No. : |
AFSPS2196E |
|
|
|
|
Associates/Subsidiaries : |
·
Progressive Tools and Components Private Limited ·
Progressive Stamping Private Limited ·
Precision Tools and Components · PTC Engineering Private Limited · Gagandeep Gandhi and Sons |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
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 |
|
|
|
|
|
|
65225 |
Equity Shares |
Rs.100/- each |
Rs.6.523
Millions |
|
|
Less: Calls-in-arrears |
|
Rs.0.063
Million |
|
|
|
|
|
|
|
Total |
|
Rs.6.460 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
6.460 |
6.210 |
5.810 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
29.983 |
26.337 |
18.726 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
36.443 |
32.547 |
24.536 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
35.521 |
42.774 |
64.136 |
|
|
2] Unsecured Loans |
20.589 |
12.106 |
12.588 |
|
|
TOTAL BORROWING |
56.110 |
54.880 |
76.724 |
|
|
DEFERRED TAX LIABILITIES |
7.322 |
6.401 |
5.491 |
|
|
|
|
|
|
|
|
TOTAL |
99.875 |
93.828 |
106.751 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
96.787 |
88.397 |
79.610 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
17.273 |
18.739 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
30.685
|
19.116 |
12.048 |
|
|
Sundry Debtors |
36.650
|
29.256 |
23.366 |
|
|
Cash & Bank Balances |
0.699
|
2.930 |
0.507 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
6.783
|
6.020 |
7.323 |
|
Total
Current Assets |
74.817
|
57.322 |
43.244 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
53.223
|
39.417 |
33.736 |
|
|
Other Current Liabilities |
11.609
|
24.821 |
0 |
|
|
Provisions |
6.897
|
4.926 |
1.106 |
|
Total
Current Liabilities |
71.729
|
69.164 |
34.842 |
|
|
Net Current Assets |
3.088
|
(11.842) |
8.402 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
99.875 |
93.828 |
106.751 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
207.449 |
170.999 |
147.009 |
|
|
|
Other Income |
0.657 |
0.600 |
0.785 |
|
|
|
TOTAL (A) |
208.106 |
171.599 |
147.794 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
130.858 |
102.051 |
111.700 |
|
|
|
Change in Inventories of Finished Good Work-in-Progress and
stock-in-trade |
(4.922) |
(3.473) |
2.855 |
|
|
|
Employee Benefit Expenses |
31.227 |
26.542 |
0.000 |
|
|
|
Other Expenses |
33.736 |
31.341 |
18.186 |
|
|
|
TOTAL (B) |
190.899 |
156.461 |
132.741 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.207 |
15.138 |
15.053 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.850 |
7.601 |
5.420 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.357 |
7.537 |
9.633 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.168 |
3.480 |
2.987 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.189 |
4.057 |
6.646 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.691 |
1.546 |
2.283 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.498 |
2.511 |
4.363 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
69.98 |
50.23 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.68
|
1.46 |
2.95 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.50
|
2.37 |
4.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.02
|
2.78 |
5.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.12 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.54
|
1.69 |
3.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04
|
0.83 |
1.24 |
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 |
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 |
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 LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Loans and Advances from Related Parties |
18.368 |
8.174 |
|
Others Loans and Advances |
2.221 |
3.932 |
|
|
|
|
|
Total |
20.589 |
12.106 |
NOTE:
The Registered Office of the Company has been shifted from B-12, Top Floor, Kslindi, New Delhi, India to the present address w.e.f. 24.12.2008.
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80010779 |
|
Corporate
identity number of the company |
U74899DL1984PTC017460 |
|
Name of the
company |
SPECIAL TOOLS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
C-657, New
Friends Colony, New Delhi – 110025, India |
|
Type of charge |
Immovable
Property Movable Property (Not being
pledge) |
|
Particular of
charge holder |
Oriental Bank of
Commerce SSI Branch
Site-IV Industrial Area, Sahibabad, Ghaziabad – 201001, Uttar Pradesh, India |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of Deposit
of Title Deed for Equitable Mortgage (LTR-18.2) Dated 18-10-2012 |
|
Date of
instrument Creating the charge |
18.10.2012 |
|
Amount secured by
the charge |
Rs.74.548
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest All the fund
based / non fund based facility existing and future shall be collaterally
secured by this assets described as below. Terms of
Repayment As per Agreement Margin As per Agreement Extent and
Operation of the charge 100% Others The Equitable
Mortgage in favour of bank by
deposit of title deed of factory
land and building alongwith their super structure, fixed machinery and
plant, fixture and fitting errected or
installed thereon situated at 41/20-21
and 41/22, Site-iv, industrial area Sahibabad and Gata No.152 and 148, village Sanaswadi Taluka Shirur District Pune and Plot No.1803,
GIDC, Industrial Estate Village Mauje Chandrapura, Taluka Halol District
Panchmahal Gujarat. |
|
Short particulars
of the property charged |
-The
Equitable Mortgage in favour of bank by
deposit of title deed of factory
land and building alongwith their super structure, fixed machinery and
plant, fixture and fitting errected or
installed thereon situated at 41/20-21 and 41/22, Site-iv,
Industrial area Sahibabad, Ghaziabad
Uttar Pradesh, Gata No.152 and 148, Village Sanaswadi Taluka Shirur District
Pune and Plot No.1803,
GIDC, Industrial Estate Village Mauje
Chandrapura, Taluka Halol District
Panchmahal Gujarat. -Hypothecation of
entire present and future fixed assets of the company (excluding Land and
Building). |
|
Particulars of the
present modification |
-The bank shall
continue to have exclusive ist charge by way of primary/collaterally on the properties mentioned therein above
for the total Rs.745.48 Lacs under heads as followers:- -Cash Credit Rs.22.500 Millions (Enhance form
Rs.7.500 Millions -WCTL Rs.5.000 Millions (Fresh -Term Loan
Total Rs.47.048 Millions
---------------------
TOTAL RS.74.548 Millions --------------------- -Other terms and
conditions remain same |
FIXED ASSETS:
· Land
· Building
· Furniture
· Vehicles
· Plant and Machinery
· Air Conditioner
· Office Equipments
· Electric Installation
· Generators
· Electric Equipments
· Dies
· Refrigerator
· Computers
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.54.65 |
|
|
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.