MIRA
INFORM REPORT
|
Report Date : |
22.04.2013 |
|
|
|
|
Tel. No.: |
+91- 129- 2233784, 4103783, 4103784, 4021354, 4021355, 4021579, 4021631 |
|
Fax No.: |
91- 129-2233628 +91- 11- 41608022 |
Notes: “PRECISION STAMPINGS” is a unit of “GUPTA MACHINE
TOOLS LIMITED”
IDENTIFICATION DETAILS
|
Name : |
GUPTA MACHINE TOOLS LIMITED PRECISION STAMPINGS UNIT OF GUPTA MACHINE TOOLS LIMITED |
|
|
|
|
Registered
Office : |
122 Avenue South, Flat No. B, Ground Floor, Santoshpur, Kolkata – 700075,
West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.09.1954 |
|
|
|
|
Com. Reg. No.: |
21-021880 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300WB1954PLC021880 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKP03265D/
RTKP02223E/ CALG00596B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG0676Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer,
Exporter, Importer and Trader of Electronic Stampings. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company fine track record. General financial
position of the company is good. Trade relations are reported as fair.
Business is active. Payments are reported to be regular and as per
commitments. The company can be considered normal for business dealings at usual
trade terms and condition. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH |
|
Rating |
IND BBB+ (Long Term Rating) |
|
Rating Explanation |
Good credit quality. This rating indicate
that expectations of default risk are currently low. |
|
Date |
November 2012 |
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 : |
122 Avenue South, Flat No. B, Ground Floor, Santoshpur, Kolkata – 700075,
West Bengal, Indsia |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office/ Precision
Stampings Unit I : |
Plot No. 106,
Sector – 24, Faridabad – 121005, Haryana, India |
|
Tel. No.: |
91-129- 2233784/ 4103783/ 4103784/
4021354/ 4021355/ 4021579/ 4021631/ 2233629/ 2232680/ 5021354/ 5021355/
5021579/ 5021631 |
|
Fax No.: |
91-129-2233628 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5500 sq. mtrs. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
W-2, Greater Kailash-II , New Delhi - 110048, India |
|
Tel. No.: |
91-11-29210901/
29214856 |
|
Fax No.: |
91-11-29214861 |
|
|
|
|
Precision Stampings Unit II: |
71, Sector-25, Faridabad - 121005 , Haryana, India |
|
Tel. No.: |
91-129-5061065/
5060216 |
|
|
|
|
Precision Stampings Unit III: |
Plot No. 1, Gat No. 907/2, Sanaswadi, Shirpur, Pune, |
|
Tel. No.: |
91-2137-252139/ 252151 |
|
|
|
|
Goa Precision Stampings Private Limited : |
Plot No. 7, Kurti Haveli, Oppsite Kurti Chemicals and Ponda , Goa-403401 |
|
Tel. No.: |
91-832-2314996/ 2314997 |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Mohan Gupta |
|
Designation : |
Managing Director
|
|
Address : |
122 Avenue South, Santoshpur Flat No. B Ground Floor,
Kolkata – 700 075, West |
|
Date of Birth/Age : |
26.08.1952 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.07.1981 |
|
PAN No.: |
AFXPG0295D |
|
DIN No.: |
00593026 |
|
|
|
|
Name : |
Mr. Harsh Gupta |
|
Designation : |
Director - |
|
Address : |
W-2, Greater Kailash – II, |
|
Date of Birth/Age : |
01.01.1976 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.07.1999 |
|
PAN No.: |
AAEPG7718H |
|
DIN No.: |
00405675 |
|
|
|
|
Name : |
Mrs. Sangita Gupta |
|
Designation : |
Director |
|
Address : |
W-2, Greater Kailash – II, |
|
Date of Birth/Age : |
09.03.1956 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
21.06.1991 |
|
PAN No.: |
AAEPG7717J |
|
DIN No.: |
00596747 |
|
|
|
|
Name : |
Mr. Madan Lal Bhagat |
|
Designation : |
Secretary and Director |
|
Address : |
P |
|
Date of Birth/Age : |
07.03.1943 |
|
Date of Appointment : |
30.09.1996 |
|
DIN No.: |
00603910 |
KEY EXECUTIVES
|
Name : |
Mr. Prashant |
|
Designation : |
Account Incharge |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Equity Shares |
|
Mohan Gupta |
|
87055 |
|
Harsh Gupta |
|
53400 |
|
Sangita Gupta |
|
49950 |
|
Aditi Gupta |
|
200 |
|
Mohan Gupta HUF |
|
40220 |
|
Anupam Mercantile Limited, India |
|
12810 |
|
Atignas Traders Private Limited, India |
|
10860 |
|
Pale Holdings Limited, India |
|
12700 |
|
Adhara Credit Private Limited, India |
|
3500 |
|
Bhagat M.L |
|
2 |
|
Bhagat Champa Devi |
|
1 |
|
Bhagat Sumit |
|
1 |
|
Bhagat Amit |
|
1 |
|
Rashi Gupta |
|
21500 |
|
Harsh Gupta HUF |
|
4000 |
|
Yashovardhan Gupta |
|
1900 |
|
Shauryavardhan Gupta |
|
1900 |
|
|
|
|
|
Total |
|
300000 |
|
Names of Shareholders |
|
No. of Preference
Shares |
|
Shashi Carriers Private Limited, India |
|
160000 |
|
Anupam Mercantile Limited, India |
|
21000 |
|
Pale Holdings Limited |
|
16500 |
|
Adhara Credit Private Limited |
|
2500 |
|
|
|
|
|
Total
|
|
200000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
13.29 |
|
Directors or relatives of directors |
|
86.71 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Exporter, Importer and Trader of Electronic Stampings. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (As on: 31.03.2012)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Electrical Stampings |
MT |
8500 |
21000 |
12930.151 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
· Canara Bank · Punjab National Bank · Standard Chartered Bank · HDFC Bank Limited · Citi Bank. N.A. · ICICI Bank Limited · State Bank Of India |
||||||||||||||||||
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|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B.M. Chatrath and Company Chartered Accountants |
|
Address : |
A-78, Sector-4, Noida, Uttar Pradesh, India |
|
PAN No.: |
AACFB7576N |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Millions |
|
200000 |
Preference Share |
Rs.100/- each |
Rs.20.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Millions |
|
200000 |
Preference Share |
Rs.100/- each |
Rs.20.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.50.000
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 |
50.000 |
50.000 |
50.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
547.878 |
465.254 |
411.316 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
597.878 |
515.254 |
461.316 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
73.514 |
130.965 |
169.422 |
|
|
2] Unsecured Loans |
29.138 |
23.360 |
41.525 |
|
|
TOTAL BORROWING |
102.652 |
154.325 |
210.947 |
|
|
DEFERRED TAX LIABILITIES |
25.031 |
25.575 |
25.109 |
|
|
|
|
|
|
|
|
TOTAL |
725.561 |
695.154 |
697.372 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
342.610 |
359.020 |
412.857 |
|
|
Capital work-in-progress |
0.175 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
17.649 |
17.649 |
17.649 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
198.023
|
257.592 |
203.074 |
|
|
Sundry Debtors |
243.990
|
239.011 |
231.358 |
|
|
Cash & Bank Balances |
10.629
|
19.970 |
16.846 |
|
|
Other Current Assets |
0.072
|
0.270 |
0.000 |
|
|
Loans & Advances |
56.245
|
47.632 |
45.413 |
|
Total
Current Assets |
508.959
|
564.475 |
496.691 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
112.973
|
198.632 |
190.139 |
|
|
Other Current Liabilities |
24.991
|
42.320 |
16.565 |
|
|
Provisions |
5.868
|
5.038 |
23.121 |
|
Total
Current Liabilities |
143.832
|
245.990 |
229.825 |
|
|
Net Current Assets |
365.127
|
318.485 |
266.866 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
725.561 |
695.154 |
697.372 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1613.299 |
1551.186 |
1631.197 |
|
|
|
Other Income |
2.896 |
33.995 |
19.009 |
|
|
|
TOTAL (A) |
1616.195 |
1585.181 |
1650.206 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1144.497 |
1183.074 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(19.801) |
(25.010) |
|
|
|
|
Employee benefit expense |
49.082 |
43.524 |
|
|
|
|
Other expenses |
220.687 |
172.506 |
|
|
|
|
TOTAL (B) |
1394.465 |
1374.094 |
1462.552 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
221.730 |
211.087 |
187.654 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
21.565 |
31.563 |
28.694 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
200.165 |
179.524 |
158.960 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
26.100 |
25.822 |
24.972 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
174.065 |
153.702 |
133.988 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
57.156 |
46.128 |
45.736 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
116.909 |
107.574 |
88.252 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.254 |
6.316 |
5.307 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
80.000 |
55.000 |
50.000 |
|
|
|
Proposed Dividend |
1.000 |
1.000 |
16.000 |
|
|
|
Tax on Proposed Dividend |
0.162 |
0.162 |
2.657 |
|
|
|
Interim Dividend Paid |
28.500 |
45.000 |
15.000 |
|
|
|
Income Tax Paid on Interim Dividend |
4.623 |
7.474 |
2.549 |
|
|
BALANCE CARRIED
TO THE B/S |
7.878 |
5.254 |
6.316 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
313.559 |
62.293 |
41.016 |
|
|
TOTAL EARNINGS |
313.559 |
62.293 |
41.016 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
344.884 |
344.419 |
273.121 |
|
|
TOTAL IMPORTS |
344.884 |
344.419 |
273.121 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
385.82 |
354.71 |
176.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
7.23 |
6.79 |
5.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.79 |
9.91 |
8.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.44 |
16.64 |
14.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.21 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.17 |
0.30 |
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.54 |
2.66 |
2.16 |
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
REVIEW AND FUTURE
PROSPECTS
During the year the total Turnover of the company in value terms increased marginally from Rs. 1785.677 Millions to Rs. 1795.459 Millions, which includes job work receipts Rs. 7.892 Millions (1680.654 M.Ton). Total revenue from operations increased by 4.00% from Rs.1551.186 Millions to Rs.1613.299 Millions. Export Turnover increased by 323.76% from Rs. 77.258 Millions to Rs. 327.388 Millions. However, domestic turnover decreased by 13.94% due to economic slow down prevailing in their country. Quantity-wise total turnover decreased by 9.50% from 14338.351 M. Ton to 12975.311 M.Ton. and total Production decreased from 14391.040 M. Ton to 12930.151 M. Ton. However, Profit during the year increased from Rs. 153.702 Millions to Rs. 174.065 Millions because of better price realization in the Export Market, showing a jump of 13.25% compared to last year's profits. This jump in the net profit was mainly due to increase in the more than three times increase in the Export by the company.
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Loans repayable on demand from others |
29.138 |
23.360 |
|
|
|
|
|
Total |
29.138 |
23.360 |
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
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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 : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.