MIRA
INFORM REPORT
|
Report Date : |
05.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
GALAXY TRANSMISSIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. N-3, M,I.D.C. Kupwad, District Sangli, Kupwad – 416436,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.08.2006 |
|
|
|
|
Com. Reg. No.: |
11-128935 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 40.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200PN2006PTC128935 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG7097C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Exporter of electrical conductors. |
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|
|
|
No. of Employees
: |
70 (Approximately) |
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 410000 |
|
|
|
|
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. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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 PARTED BY
|
Name : |
Mr. Raj Kumar Saphle |
|
Designation : |
Export Department |
|
Contact No.: |
91-9404257975 |
|
Date : |
02.08.2013 |
LOCATIONS
|
Registered Office / Factory : |
Plot No. N-3, M,I.D.C. Kupwad, District Sangli, Kupwad – 416436,
Maharashtra, India |
|
Tel. No.: |
91-233-2645671/ 72/ 73 |
|
Mobile No.: |
91-9404257975 (Mr. Raj Kumar Saphle) |
|
Fax No.: |
91-233-2645673 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
|
|
|
Marketing Office: |
5A- Green Acers Salunkhe, Vihar Road, Pune - 411 048,
Maharashtra, India |
|
Tel. No.: |
91-20-41201524/ 41201473 |
|
Fax No.: |
91-20-41201473 |
|
E-Mail : |
DIRECTORS
As on: 27.09.2012
|
Name : |
Mr. Sameer Subhash Vhora |
|
Designation : |
Managing Director |
|
Address : |
1598-B, Navankar Bungalow, 4th Cross Lane, Ganeshnagar, Sangii-416 416, India |
|
Date of Appointment : |
22.08.2006 |
|
PAN No.: |
AAJPV9679G |
|
DIN No.: |
00244485 |
|
|
|
|
Name : |
Mr. Subhash Vrajlal Vhora |
|
Designation : |
Director |
|
Address : |
1598-B, Navankar Bungalow, 4th Cross Lane, Ganeshnagar, Sangii-416 416, India |
|
Date of Appointment : |
22.08.2006 |
|
PAN No.: |
AAJPV9678G |
|
DIN No.: |
01722038 |
|
|
|
|
Name : |
Ms. Kokila Subhash Vhora |
|
Designation : |
Director |
|
Address : |
1598-B, Navankar Bungalow, 4th Cross Lane, Ganeshnagar, Sangii-416 416, India |
|
Date of Appointment : |
01.01.2008 |
|
PAN No.: |
AAJPV9672N |
|
DIN No.: |
02018679 |
KEY EXECUTIVES
|
Name : |
Mr. Raj Kumar Saphle |
|
Designation : |
Export Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Subhash Vrajlal Vhora |
|
135335 |
|
Sameer Subhash Vhora |
|
184694 |
|
Kokila Subhash Vhora |
|
79960 |
|
Vijay Madanlal Nawandhar |
|
11 |
|
|
|
|
|
Total |
|
400000 |
As on: 25.03.2013
|
Names of Allottee |
|
No. of Allottee |
|
Subhash Vrajlal Vhora |
|
20000 |
|
Sameer Subhash Vhora |
|
20000 |
|
|
|
|
|
Total |
|
40000 |
As on: 31.03.2013
|
Names of Allottee |
|
No. of Allottee |
|
Dhaemendra Jain |
|
24500 |
|
|
|
|
|
Total |
|
24500 |
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Exporter of electrical conductors. |
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Products : |
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Exports : |
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Products : |
Finished goods |
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Countries : |
·
Africa ·
Middle East |
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Imports : |
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Products : |
Raw materials |
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Countries : |
·
Singapore ·
China |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
Indian Bank, Sangli Branch, 43/4, Vakharbag, High School Road, Sangali
– 416416, Maharashtra, India Tel No.: 91-233-2622776 |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
-- |
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Auditors 1: |
|
|
Name : |
P. G. Gupta and Company Chartered Accountants |
|
Address : |
Shop No. 12,Gautam Centre, Tilak Road, Kopari Colony, Thane – 40060, Maharashtra, India |
|
Tel. No.: |
91-22-25325496 |
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PAN No.: |
ACKPG4421D |
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|
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|
Auditors 2: |
Nikhil V. Nawandhar Chartered Accountant |
|
Address : |
168, Prachiti, Vakhar Bhag, Sangli – 416416, Maharashtra, India |
|
PAN No.: |
ACRPN3266N |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
Rs.100/- each |
Rs. 45.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.100/- each |
Rs. 40.000
Millions |
|
|
|
|
|
As on: 27.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
464500 |
` |
Rs.100/- each |
Rs. 46.450
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
40.000 |
40.000 |
|
(b) Reserves & Surplus |
|
56.303 |
48.159 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
8.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
104.303 |
88.159 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
13.133 |
37.919 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
13.008 |
13.413 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
26.141 |
51.332 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
101.457 |
130.674 |
|
(b) Trade payables |
|
20.821 |
0.000 |
|
(c) Other current liabilities |
|
77.943 |
5.623 |
|
(d) Short-term provisions |
|
3.566 |
0.243 |
|
Total Current Liabilities (4) |
|
203.787 |
136.540 |
|
|
|
|
|
|
TOTAL |
|
334.231 |
276.031 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
70.403 |
78.963 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.079 |
0.079 |
|
(c) Deferred tax assets (net) |
|
1.692 |
1.576 |
|
(d) Long-term Loan and Advances |
|
1.972 |
1.870 |
|
(e) Other Non-current assets |
|
0.029 |
0.119 |
|
Total Non-Current Assets |
|
74.175 |
82.607 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
84.308 |
108.998 |
|
(c) Trade receivables |
|
105.798 |
77.479 |
|
(d) Cash and cash equivalents |
|
50.308 |
7.347 |
|
(e) Short-term loans and advances |
|
19.642 |
-0.400 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
260.056 |
193.424 |
|
|
|
|
|
|
TOTAL |
|
334.231 |
276.031 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
40.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
41.900 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
81.900 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
88.382 |
|
|
2] Unsecured Loans |
|
|
36.522 |
|
|
TOTAL BORROWING |
|
|
124.904 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
206.804 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
67.214 |
|
|
Capital work-in-progress |
|
|
5.344 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.078 |
|
|
DEFERREX TAX ASSETS |
|
|
1.392 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
158.680 |
|
|
Cash & Bank Balances |
|
|
1.119 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
30.828 |
|
Total
Current Assets |
|
|
190.627 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
|
58.020 |
|
|
Net Current Assets |
|
|
132.607 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.169 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
206.804 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
TURNOVER |
1072.271 |
750.965 |
NA |
|
|
|
|
|
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
2250.000 |
The above information has been parted by Mr. Raj Kumar Saphle
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.10 |
1.91 |
1.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.41 |
3.29 |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
No |
|
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 |
No |
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Long term
borrowing |
|
|
|
Term loans from banks |
7.750 |
11.710 |
|
|
0.000 |
0.000 |
|
Short term
borrowing |
0.000 |
0.000 |
|
Loans repayable on demand |
101.457 |
130.674 |
|
|
|
|
|
Total |
109.207 |
142.384 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U31200PN2006PTC128935 |
|
Name of the
company |
GALAXY
TRANSMISSIONS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Plot No. N-3, M,I.D.C. Kupwad, District Sangli, Kupwad – 416436,
Maharashtra, India Email-id - pgassociate@rediffmail.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10198401 |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
Indian Bank, Sangli Branch, 43/4, Vakharbag, High School Road, Sangali
– 416416, Maharashtra, India Email-id - sangli@indianbank.co.in |
|
Nature of
instrument creating charge |
1) Agreement of
Hypothecation of Stock / Movables 2) Agreement of
Guarantee (Both Documents
create single charge) |
|
Date of
instrument Creating the charge |
27.02.2013 |
|
Amount secured by
the charge |
Rs. 150.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest At 11.70 % p.a Terms of Repayment Other Terms and
Conditions as per Agreement Margin Other Terms and
Conditions as per Agreement Extent and Operation of the charge Present Limit of
Rs. 0.800 million (OCC-5.00 million + WCDL- 0.300 million) enhanced to Rs.
1.500 million ( OCC-0.600 million + WCDL- 0.900 million |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
All Goods, Produce, Merchandise, Stock, Book debts of the Company stored or
to be stored from time to time in premises at Plot No. 3, MIDC, Kupwad Block,
Sangli - 416436. |
|
Particulars of
the present modification |
Present Limit of
Rs. 0.800 million (OCC-5.00 million + WCDL- 0.300 million) enhanced to Rs.
1.500 million ( OCC-0.600 million + WCDL- 0.900 million |
PERFORMANCE
The performance of the Company during this year was increased as compared to previous year. In spite of the highly competitive market, a widened market has been covered by the Company. The sales turnover has increased from Rs. 750.965 Millions in the year ended 31.3.2011 to Rs. 1072.270 Millions in the year ended 31.3.2012.
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. 60.80 |
|
|
1 |
Rs. 91.95 |
|
Euro |
1 |
Rs. 80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.