MIRA
INFORM REPORT
|
Report Date : |
08.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOYAL ENGINEERING POLYMERS PRIVATE LIMITED (w.e.f. 11.05.2009) |
|
|
|
|
Formerly Known
As : |
J.R.G. POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
DSM 410-411, DLF Towers, Shivaji Marg, New Delhi - 110015 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.10.2007 |
|
|
|
|
Com. Reg. No.: |
55-169499 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 300.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25208DL2007PTC169499 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ8967D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer and Distributor of Engineering Plastics Raw
Material. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The company has weak financial risk profile characterised by low
profitability and moderate coverage indicator. However, 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 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 – 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Cash Credit = B+ |
|
Rating Explanation |
Having high risk of default regarding timely servicing of financial
obligation |
|
Date |
September, 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.
INFORMATION DECLINED BY
|
Name : |
Mr. Pawan Goyal |
|
Designation : |
Director |
|
Contact No.: |
91-9810195733 |
|
Date : |
07.08.2013 |
LOCATIONS
|
Registered Office / Head Office : |
DSM 410-411, DLF Towers, Shivaji Marg, New Delhi – 110015, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9810195733 (Mr. Pawan Goyal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corresponding
Address : |
26/9, Industrial Area, Najafgarh Road (Opposite DLF Capital Greens), New Delhi – 110 015, India |
|
Tel. No.: |
91-11- 25190293 / 25190294 / 45109910 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Pawan Goyal |
|
Designation : |
Director |
|
Address : |
Plot No.134, Ground Fllor, Vaishali Enclave, Pitampura, New Delhi – 110034, India |
|
Date of Birth/Age : |
25.02.1969 |
|
Date of Appointment : |
17.10.2007 |
|
DIN No.: |
01640773 |
|
PAN No.: |
ACIPG7822L |
|
|
|
|
Name : |
Mrs. Usha Goyal |
|
Designation : |
Director |
|
Address : |
Plot No.134, Ground Fllor, Vaishali Enclave, Pitampura, New Delhi – 110034, India |
|
Date of Birth/Age : |
30.03.1971 |
|
Date of Appointment : |
17.10.2007 |
|
DIN No.: |
00787457 |
|
PAN No.: |
AECPG5220J |
|
|
|
|
Name : |
Mr. Gunjan Goyal |
|
Designation : |
Director |
|
Address : |
Plot No.134, Ground Fllor, Vaishali Enclave, Pitampura, New Delhi – 110034, India |
|
Date of Birth/Age : |
02.12.1992 |
|
Date of Appointment : |
29.03.2011 |
|
DIN No.: |
03474671 |
|
PAN No.: |
AYDPG1329D |
KEY EXECUTIVES
|
Name : |
Mr. Darshan Kaur Chadha |
|
Designation : |
Secretary |
|
Address : |
C-14/A, Ganesh Nagar, New Tilak Nagar, New Delhi – 110018, India |
|
Date of Birth/Age : |
19.06.1986 |
|
Date of Appointment : |
26.04.2012 |
|
PAN No.: |
BQXPK2614Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Pawan Goyal |
|
27595000 |
|
Usha Goyal |
|
2405000 |
|
Total |
|
30000000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer and Distributor of Engineering Plastics Raw
Material. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Indian Overseas Bank, Daryaganj Branch, New Delhi - 110002, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
A P V and Associates Chartered Accountants |
|
Address : |
C-5/1, Wazipur Industrial Area, New Delhi – 110052, India |
|
Tel. No.: |
91-11-27373103 / 27373104 |
|
PAN No.: |
AAKFA3021B |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives |
· Polyplastics Automotive (India) Private Limited · Rakshat Portfolio Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 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 |
|
300.000 |
35.750 |
|
(b) Reserves & Surplus |
|
30.642 |
3.099 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
330.642 |
38.849 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
31.970 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.301 |
0.011 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.247 |
0.000 |
|
Total Non-current Liabilities (3) |
|
32.518 |
0.011 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
559.385 |
217.982 |
|
(b) Trade payables |
|
210.072 |
25.887 |
|
(c) Other current
liabilities |
|
143.916 |
17.617 |
|
(d) Short-term provisions |
|
15.452 |
1.561 |
|
Total Current Liabilities (4) |
|
928.825 |
263.047 |
|
|
|
|
|
|
TOTAL |
|
1291.985 |
301.907 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
20.083 |
0.066 |
|
(ii) Intangible Assets |
|
0.255 |
0.069 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
40.867 |
18.730 |
|
(e) Other Non-current assets |
|
1.457 |
0.897 |
|
Total Non-Current Assets |
|
62.662 |
19.762 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
368.612 |
158.365 |
|
(c) Trade receivables |
|
703.577 |
78.334 |
|
(d) Cash and cash
equivalents |
|
82.516 |
35.452 |
|
(e) Short-term loans and
advances |
|
38.290 |
6.179 |
|
(f) Other current assets |
|
36.328 |
3.815 |
|
Total Current Assets |
|
1229.323 |
282.145 |
|
|
|
|
|
|
TOTAL |
|
1291.985 |
301.907 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.250 |
|
|
2] Share Application Money |
|
|
16.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.382) |
|
|
NETWORTH |
|
|
15.868 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
15.868 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
13.386 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
2.310 |
|
Total
Current Assets |
|
|
15.696 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.039 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.039 |
|
|
Net Current Assets |
|
|
15.657 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.211 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
15.868 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
615.202 |
NA |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2828.743 |
615.205 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
2785.903 |
610.213 |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
2785.903 |
610.213 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
42.840 |
4.992 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
15.297 |
1.511 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
27.543 |
3.481 |
(0.382) |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
135.3037 |
622.123 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.92 |
1.30 |
(15.29) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.97
|
0.57 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.32
|
1.65 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.13 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.79
|
5.61 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32
|
1.07 |
402.46 |
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 |
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 |
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 |
Yes |
|
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 KP-13, Mourya Enclave, Pitampura,New Delhi - 110034 India to present
address w.e.f. 12.12.2012
REVIEW OF OPERATIONS
AND FINANCIAL PERFORMANCE
During the year, the company has achieved the turnover of Rs. 2828.743 Millions as compared to the turnover of last year which was Rs. 615.205 Millions. The Profit after tax for the year is Rs. 27.543 Millions as compared to the last year profit of Rs. 3.481 Millions.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long-term
borrowings |
|
|
|
Rupee term loans from banks |
15.935 |
0.000 |
|
Rupee term loans from others |
9.950 |
0.000 |
|
Short-term
borrowings |
|
|
|
Loans and advances from directors |
0.000 |
24.194 |
|
Other loans and advances |
0.151 |
2.764 |
|
Total |
26.036 |
26.958 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10402210 |
31/12/2012 |
200,000,000.00 |
UNION BANK OF INDIA |
26/2, EAST PATEL NAGAR, NEW DELHI, Delhi - 110008, INDIA |
B67788620 |
|
2 |
10387116 |
29/10/2012 |
10,400,000.00 |
ECL FINANCE LIMITED |
Edelweiss House, Off. C.S.T Road, Kalina,, Mumbai, Maharashtra - 400098, INDIA |
B62239769 |
|
3 |
10362477 |
22/06/2012 |
22,466,625.00 |
RELIANCE CAPITAL LIMITED |
260-261, TRIBHUVAN COMPLEX, ISHWAR NAGAR, NEW FRIENDS COLONY, NEW DELHI, Delhi - 110025, INDIA |
B42391516 |
|
4 |
10207582 |
09/06/2012 * |
1,075,000,000.00 |
INDIAN OVERSEAS BANK |
DARYAGANJ BRANCH, NEW DELHI, Delhi - 110002, INDIA |
B42510230 |
* Date of charge modification
FIXED ASSETS
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
·
Other equipments
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.61.39 |
|
|
1 |
Rs.96.17 |
|
Euro |
1 |
Rs.81.70 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
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 |
|
36 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.