1. Summary Information
|
Country |
INDIA |
||
|
Company Name |
PS MEDICAL SYSTEMS PRIVATE LIMITED |
Principal Name 1 |
MR. PUSPALAM SUDARSANAM PRATHAPKUMAR |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. PUSHPALA SUDARSANAM |
|
Registration # |
18-067294 |
||
|
Street Address |
FLAT NO.G1, “ROYAL PRINCESS”, NO.8A, 1ST CROSS STREET, 2ND
AVENUE, ASHOK NAGAR, CHENNAI – 600 083, TAMILNADU |
||
|
Established Date |
09.04.2008 |
SIC Code |
-- |
|
Telephone# |
91-44-42033143 |
Business Style 1 |
TRADING |
|
Fax # |
91-44-24852407 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
MEDICAL EQUIPMENTS |
|
|
# of employees |
INFORMATION DECLINED BY THE MANAGEMENT |
Product Name 2 |
-- |
|
Paid up capital |
RS.100,000/- |
Product Name 3 |
-- |
|
Shareholders |
|
Banking |
ANDHRA BANK |
|
Public Limited Corp. |
NO |
Business Period |
5 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
20,669,000
|
Current Liabilities |
16,030,000
|
|
Inventories |
22,693,000
|
Long-term Liabilities |
17,668,000 |
|
Fixed Assets |
3,650,000 |
Other Liabilities |
4,664,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
38,362,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
8,550,000 |
|
|
|
Net Worth |
8,650,000 |
|
Total Assets |
47,012,000 |
Total Liab. & Equity |
47,012,000 |
|
Total Assets (Previous Year) |
30,233,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
NA |
|
Sales(Previous yr) |
58,984,000 |
Net Profit(Prev.yr) |
3,210,000 |
MIRA INFORM REPORT
|
Report Date : |
19.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
PS MEDICAL SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No.G1, “Royal Princess”, No.8A, 1st Cross Street, 2nd
Avenue, Ashok Nagar, Chennai – 600 083, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.04.2008 |
|
|
|
|
Com. Reg. No.: |
18-067294 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52311TN2008PTC067294 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEP10172B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP6160D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of Medical Equipments and Spares and also engaged in
servicing of such equipments. |
|
|
|
|
No. of
Employees: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 35000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
There appears dip in sales and profitability during 2011-2012. However, general financial position seems to be good. Trade relations
are reported to be fair. Business is active. Payments are reported to be slow
but correct. The company can be considered for normal 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 |
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. Puspalam Sudarsanam Prathap Kumar |
|
Designation : |
Managing Director |
|
Contact No.: |
91-44-42033143 |
|
Date : |
18.04.2013 |
LOCATIONS
|
Registered/ Corporate Office : |
Flat No.G1, “Royal Princess”, No.8A, 1st Cross Street, 2nd
Avenue, Ashok Nagar, Chennai – 600 083, Tamilnadu, India |
|
Tel. No.: |
91-44-42033143 |
|
Mobile No.: |
91-9840070914 (Mr. P.S. Prathap Kumar) |
|
Fax No.: |
91-44-24852407 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Hyderabad Office : |
Flat A, I Floor, Vimal Apartments, H. No.5-9-42/A, New MLA Quarters Lane,
Basheer Bagh, Hyderabad – 500 063, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23230130 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Puspalam Sudarsanam Prathapkumar |
|
Designation : |
Managing Director |
|
Address : |
Flat No.F1, Block II, Jains Ashr No.1, Vembulimman Koil Street,
Virugambakkam, Chennai – 600 078, Tamilnadu, India |
|
Date of Birth/Age : |
21.02.1966 |
|
Date of Appointment : |
09.04.2008 |
|
DIN No.: |
02069070 |
|
|
|
|
Name : |
Mr. Pushpala Sudarsanam |
|
Designation : |
Director |
|
Address : |
AP 1082, 69th Street, 11th Sector, KK Nagar
West, Chennai – 600 078, Tamilnadu, India |
|
Date of Birth/Age : |
30.04.1932 |
|
Date of Appointment : |
09.04.2008 |
|
DIN No.: |
02071256 |
|
|
|
|
Name : |
Mrs. Sharmila Prathapkumar |
|
Designation : |
Director |
|
Address : |
Flat No.F1, Block II, Jains Ashr No.1, Vembulimman Koil Street,
Virugambakkam, Chennai – 600 078, Tamilnadu, India |
|
Date of Birth/Age : |
05.10.1971 |
|
Date of Appointment : |
21.02.2012 |
|
DIN No.: |
02618515 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Puspalam Sudarsanam Prathapkumar |
|
750 |
|
Sharmila Prathapkumar |
|
250 |
|
Total |
|
1000 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Medical Equipments and Spares and also engaged in
servicing of such equipments. |
GENERAL INFORMATION
|
No. of Employees: |
Information declined by the Management |
||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||
|
Bankers : |
Andhra Bank, Mowbrays Road
Branch, No.265, T.T.K. Salai, Alwarpet, Chennai – 600 018, Tamilnadu,
India |
||||||||||||||||||||||||||||
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Facilities : |
Notes: Long term
borrowings Term Loan from
bank is secured by hypothecation of entire current assets and all movable
fixed assets of the company Term Loan from bank is repayable at the rate of Rs.0.025 million
(approx) per month Short term
borrowings Secured working
capital from bank is secured by Book debts, stock and personal assets of the
directors of the company Short term loan
from bank is secured by book debts, stock and personal assets of the company
|
|
|
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
K. Viswanathan and Company Chartered Accountants |
|
Address : |
65/2, Thambiah Reddy Road, West Mambalam, Chennai – 600 033, Tamilnadu
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADPV3387L |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100
Million |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100
Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100
Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
8.550 |
7.493 |
4.432 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
8.650 |
7.593 |
4.532 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
11.279 |
5.461 |
1.590 |
|
|
2] Unsecured Loans |
6.389 |
7.452 |
6.505 |
|
|
TOTAL BORROWING |
17.668 |
12.913 |
8.095 |
|
|
DEFERRED TAX LIABILITIES |
0.314 |
0.254 |
0.170 |
|
|
|
|
|
|
|
|
TOTAL |
26.632 |
20.760 |
12.797 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.650 |
3.905 |
3.839 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
22.693
|
4.998
|
9.068 |
|
|
Sundry Debtors |
18.520
|
16.935
|
12.986 |
|
|
Cash & Bank Balances |
0.686
|
3.660
|
6.304 |
|
|
Other Current Assets |
0.598
|
0.545
|
1.387 |
|
|
Loans & Advances |
0.865
|
0.182
|
0.245 |
|
Total
Current Assets |
43.362
|
26.320
|
29.990 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
16.030
|
9.191
|
21.021 |
|
|
Other Current Liabilities |
4.350
|
0.000
|
0.000 |
|
|
Provisions |
0.000
|
0.282
|
0.023 |
|
Total
Current Liabilities |
20.380
|
9.473
|
21.044 |
|
|
Net Current Assets |
22.982
|
16.847
|
8.946 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.008 |
0.012 |
|
|
|
|
|
|
|
|
TOTAL |
26.632 |
20.760 |
12.797 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
58.984 |
69.301 |
|
|
|
Other Income |
NA |
6.169 |
3.038 |
|
|
|
TOTAL |
NA |
65.153 |
72.339 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
60.450 |
68.367 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
Financial Expenses |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
TOTAL |
NA |
60.450 |
68.367 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.567 |
4.703 |
3.972 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
1.493 |
1.254 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
NA |
3.210 |
2.718 |
|
|
|
|
|
|
|
|
|
|
EARNING IN
FOREIGN EXCHANGE |
2.664 |
3.779 |
0.541 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
44.317 |
35.738 |
53.352 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
32.10 |
27.18 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
4.93
|
3.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
7.97
|
5.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.33 |
15.56
|
11.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.62
|
0.88 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.04 |
1.70
|
1.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.13 |
2.78
|
1.43 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two 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 |
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 |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
Loans from directors |
6.389 |
|
Total
|
6.389 |
|
Unsecured Loans |
31.03.2011 (Rs. in Millions) |
|
From Directors |
5.289 |
|
From Bank |
2.163 |
|
Total |
7.452 |
REVIEW OF
OPERATIONS
The company’s turnover
has fallen on the back of reduced demand locally. The forex market was highly
volatile which is evident from the fact that the company has made a forex
fluctuation loss of Rs.2.161 millions during 2011-12 as against 0.806 million
profit during the year 2010-11 This has taken a toll on the bottom line of the
company. Now that the forex market has stabilized, the directors are hopeful of
the growth both in top line and bottom line.
CONTINGENT
LIABILITIES NOT PROVIDED FOR AS AT 31ST MARCH 12
1.
Bank Guarantees - Rs.1.267 millions
2.
Letters of Credit – Rs.5.825 millions
3.
Claims against the company not acknowledged as debt
– Nil
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U52311TN2008PTC067294 |
|
Name of the company
|
PS MEDICAL SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Flat No. G1, “Royal Princess”, No.8A, 1st Cross Street, 2nd
Avenue, Ashok Nagar, Chennai – 600 083, Tamilnadu, India E-Mail: psmedicalsystems@vsnl.net |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10184610 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Andhra Bank, No.265, T.T.K. Salai, Alwarpet, Chennai – 600 018, E-Mail: bmche255@andhrabank.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
1)
Composite agreement dated 18th July 2011 for Rs.31.250 millions
and existing term loan amount of Rs.1.140 millions 2)
Composite agreement dated 20th January 2012 for Rs.5.000 millions. 3)
Composite agreement dated 31st January 2013 for Rs.21.250 millions
and existing term loan amount of Rs.1.140 millions. |
|
Date of
instrument Creating the charge |
31.01.2013 |
|
Amount secured by
the charge |
Rs.22.390 millions |
|
Brief of the
principal terms a conditions and extent and operation of the charge |
Rate of
interest: At the Applicable Base Rate 10.5% plus spread of 7.5% presently at 18% p.a. with monthly rests Terms of
repayment: 1) In respect of Open Cash Credit, Performance guarantee,
Letters of credit, Forward Contracts repayment terms are not applicable. In
respect of Term Loan, repayments are to be made in 60 equated monthly
installments commencing from 31.10.2009. Margin: OCC:
Stock 30% Book
Debts (not more than 90 days) 50% Term
Loan: 15% Extent and
operation of the charge: Open
Cash Credit of Rs.2.500 millions, Performance/money guarantee of Rs.3.750
millions, Foreign Letters of credit - Rs.15.000 millions and continuation of
existing Term Loan of Rs.1.140 millions. |
|
Short particulars
of the property charged (Including location of the property) |
Entire
current assets and all movable fixed assets including its plant and machinery
located at the office premises |
|
Date of
instrument modifying the charge |
20.01.2012 |
|
Particulars of
the present modification |
Credit
Limits renewed with the following facilities:- Open Cash Credit of Rs.2.500
millions, Performance/money guarantee of Rs.3.750 millions, Foreign Letters
of credit - Rs.15.000 millions and continuation of existing Term Loan of
Rs.1.140 millions. |
FIXED ASSETS:
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Computers and Peripherals
·
Vehicles
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.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.