1. Summary Information
|
|
|
Country |
|
|
Company Name |
ICON Cables Limited |
Principal Name 1 |
Mr. Narendra Kumar Rathi |
|
Status |
Moderate |
Principal Name 2 |
Mr. Dinesh Kumar Rathi |
|
|
|
Registration # |
55-100431 |
|
Street Address |
A-291, 1st Floor, Okhla, Industrial Area, Phase- 1, |
||
|
Established Date |
28.06.1999 |
SIC Code |
-- |
|
Telephone# |
91-11-40685111/ 26949966 |
Business Style 1 |
Manufacturer
|
|
Fax # |
91-11-40685121 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Insulated
Wires |
|
|
# of employees |
Not Available |
Product Name 2 |
Cables |
|
Paid up capital |
Rs.9,759,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate -85.64%, Directors or relatives of
directors- 14.36% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
14 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (35) |
|
Related
Company |
|||
|
Relation |
Country
|
Company
Name |
CEO |
|
Holding Company |
-- |
Icon Telecables Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
74,072,000 |
Current Liabilities |
54,634,000 |
|
Inventories |
30,654,000 |
Long-term Liabilities |
54,487,000 |
|
Fixed Assets |
25,989,000 |
Other Liabilities |
3,665,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
112,786,000 |
|
Invest& other Assets |
23,018,000 |
Retained Earnings |
31,188,000 |
|
|
|
Net Worth |
40,947,000 |
|
Total Assets |
153,733,000 |
Total Liab. & Equity |
153,733,000 |
|
Total Assets (Previous Year) |
89,634,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
194,524,000 |
Net Profit |
2,395,000 |
|
Sales(Previous yr) |
108,544,000 |
Net Profit(Prev.yr) |
1,199,000 |
MIRA
INFORM REPORT
|
Report Date : |
06.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ICON CABLES LIMITED |
|
|
|
|
Registered Office
: |
A-291, 1st Floor, Okhla, Industrial Area, Phase- 1, New Delhi – 110020 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.06.1999 |
|
|
|
|
Com. Reg. No.: |
55-100431 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.759 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300DL1999PLC100431 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELI04311G/ DELI02888E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI5742G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of Insulated Wires and Cables. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 164000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. It has
modest scale of operation. The external borrowings appear to be increasing
over years. However, trade relations are reported as fair. Business is
active. Payments are reported to be 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) |
|
|
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term – Fund Based Limit: B+ |
|
Rating Explanation |
High risk of default |
|
Date |
15.02.2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term – Non Fund Based Limit: A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
15.02.2013 |
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 : |
A-291, 1st Floor, Okhla, Industrial Area, Phase – 1, New
Delhi – 110020, India |
|
Tel. No.: |
91-11-40685111/ 26949966 |
|
Fax No.: |
91-11-40685121 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
E-514, RIICO Industrial Area, Chopanki Bhiwadi, District Alwar –
301019, Rajasthan, India |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Narendra Kumar Rathi |
|
Designation : |
Director |
|
Address : |
29, Wertensway Stockton on Tees, TS 18 3UA |
|
Date of Birth/Age : |
08.02.1951 |
|
Date of Appointment : |
18.06.2004 |
|
DIN No.: |
01180185 |
|
|
|
|
Name : |
Mr. Dinesh Kumar Rathi |
|
Designation : |
Director |
|
Address : |
Bidasaia Mill Compound, Bhagirath Pura, |
|
Date of Birth/Age : |
27.06.1959 |
|
Date of Appointment : |
15.04.2006 |
|
DIN No.: |
00264168 |
|
|
|
|
Name : |
Mrs. Kamla Rathi |
|
Designation : |
Additional Director |
|
Address : |
APT 7003, Tower – 2, Orchid Petals, Sohna Road, Gurgaon – 121018,
Haryana, India |
|
Date of Birth/Age : |
15.08.1952 |
|
Date of Appointment : |
08.01.2010 |
|
DIN No.: |
02916626 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Narendra Kumar Rathi |
|
68037 |
|
Dinesh Kumar Rathi |
|
100 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
85.64 |
|
Directors or relatives of directors |
|
14.36 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Insulated Wires and Cables. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
· ABB Limited · Alstom Power Limited · Avant Garde Engineers · Bharat Electronics · Birla Parson · C – Dot · Chemtex Engineering Limited · Electronic Corporation India Limited (ECIL). · Entech Consultancy Services · Export Inspection Agency · Isgec John Thomson. · ISRO - Shar Centre, Sriharikota. · ITI Limited · Jacobs Humphrey and Glassgow Consultants (H&G) · Kvaerner Powergas India Limited · Larsen and Toubro Limited · Lloyds Register Asia · LNV Technologies Limited · Profen · Project Equipment Corporation (PEC) · Puncom · Punj Lloyd Limited · SICAL Yamatake Limited · Siemens Limited · Tata Consulting Engineers · Tata Honeywell Limited · Tata Projects Limited · Technimont ICB Limited · Technip India Limited · Thermax India Limited · Toyo Engineering. · Uhde India Limited · Velosi India Limited. · Yokogawa India Limited |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
· State Bank of India Near Neelam Chowk, 1st Floor, Bhiwadi – 301019, Rajasthan, India ·
Yes Bank Limited 9th Floor, Nehru
Centre, Discovery of ·
Central Bank of 2759, Bubna Bhavan, Z.S Marg, Mori Gate, Delhi-110006, Delhi, Indi |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vinod Kumar and Associates Chartered Accountant |
|
Address : |
4696, Brij Bhawan, 21-A Ansari Road, Darya Ganj, New Delhi – 110002,
India |
|
Tel No.: |
91-11-23288101/23265320 |
|
Fax No.: |
91-11-23265320 |
|
PAN No.: |
AADFV0820A |
|
|
|
|
Holding Company : |
· Icon Telecables Limited |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Share |
Rs.10/- Each |
Rs.10.000 millions |
|
200000 |
Preference Share |
Rs.50/- Each |
Rs.10.000 millions |
|
|
|
|
|
|
|
Total |
|
Rs.20.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
744641 |
Equity Share |
Rs.10/- Each |
Rs.7.446 Millions |
|
120173 |
Preference Share |
Rs.50/- Each |
Rs.6.009 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.13.455
Millions |
(AS ON 31.03.2012)
Authorised Capital: Rs.20.000 Millions
Issued, Subscribed & Paid-up Capital: Rs.9.759 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 |
9.759 |
8.818 |
8.138 |
|
|
2] Share Application Money |
0.000 |
5.000 |
3.061 |
|
|
3] Reserves & Surplus |
31.188 |
11.368 |
7.865 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
40.947 |
25.186 |
19.064 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
17.523 |
|
|
2] Unsecured Loans |
|
|
8.366 |
|
|
TOTAL BORROWING |
54.487 |
31.886 |
25.889 |
|
|
DEFERRED TAX LIABILITIES |
0.995 |
1.082 |
1.141 |
|
|
|
|
|
|
|
|
TOTAL |
96.429 |
58.154 |
46.094 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
25.989 |
22.258 |
10.808 |
|
|
Capital work-in-progress |
23.018 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
30.654
|
21.598 |
13.509 |
|
|
Sundry Debtors |
44.799
|
27.487 |
34.758 |
|
|
Cash & Bank Balances |
3.656
|
2.111 |
5.905 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
25.617
|
16.180 |
10.836 |
|
Total
Current Assets |
104.726
|
67.376 |
65.008 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
43.712
|
18.965 |
19.551 |
|
|
Other Current Liabilities |
10.922
|
10.853 |
8.581 |
|
|
Provisions |
2.670
|
1.662 |
1.590 |
|
Total
Current Liabilities |
57.304
|
31.480 |
29.722 |
|
|
Net Current Assets |
47.422
|
35.896 |
35.286 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
96.429 |
58.154 |
46.094 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
194.524 |
108.544 |
104.464 |
|
|
|
Other Income |
1.831 |
1.341 |
1.693 |
|
|
|
TOTAL |
196.355 |
109.885 |
106.157 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Raw Materials and Components Consumed |
153.025 |
89.891 |
86.924 |
|
|
|
(Increase)/ decrease in Inventories of finished goods and
work-in-progress |
(1.665) |
(8.411) |
(0.239) |
|
|
|
Employee Benefits Expenses |
9.861 |
7.225 |
8.383 |
|
|
|
Other Expenses |
24.170 |
15.333 |
7.237 |
|
|
|
TOTAL |
185.391 |
104.038 |
102.305 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
10.964 |
5.847 |
3.852 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.980 |
3.190 |
1.836 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.984 |
2.657 |
2.016 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.429 |
1.227 |
1.039 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
INCOME |
0.004 |
0.126 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.559 |
1.556 |
0.977 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.164 |
0.357 |
0.627 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
2.395 |
1.199 |
0.350 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
(9.407) |
(9.757) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
(8.208) |
(9.407) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.19 |
2.00 |
0.71 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.22
|
1.09 |
0.33 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.83
|
1.43 |
0.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.72
|
1.74 |
1.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.06 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.33
|
1.27 |
1.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.83
|
2.14 |
2.19 |
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 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 |
Yes |
|
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 |
Yes |
NOTE:
The Registered office of the company has been shifted
from, B-1/D-2, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi –
110049, India, to the present address w.e.f. 11.08.2009.
OPERATIONS AND FUTURE OUTLOOK
The year was a
challenging one for a company and the company has been successfully able to
navigate the year through teamwork, professionalism and a continuous focus on
providing value to the company, which has resulted in reducing the losses as
compared to last year.
In view of the overall
growth in all sectors of industry the outlook of the Company for the current
year is bright and the directors are hopeful of doing a good business during
the current year.
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 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
35 |
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.