MIRA
INFORM REPORT
|
Report Date : |
03.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
G.P.K. ENGINEERING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-22, Hit Niketan, Kokan Nagar, Bhandup (West),
Mumbai – 400078, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
10.10.2007 |
|
|
|
|
Com. Reg. No.: |
11-174883 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74200MH2007PTC174883 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCGO895R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Track Shoes for Excavators. |
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|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3000 |
|
|
|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is well-established company having a moderate track record. There appears huge external borrowings recorded by the company. However, trade relations are fair. Business is active. Payments terms
are 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) |
|
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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 (GENERAL DETAILS)
|
Name : |
Mr. Chetan Padmanabha Kumar |
|
Designation : |
Director |
|
Contact No.: |
91-9870234111 |
|
Date : |
29.11.2013 |
LOCATIONS
|
Registered Office : |
C-22, Hit Niketan, Kokan Nagar, Bhandup (West), Mumbai
– 400078, Maharashtra, India |
|
Tel. No.: |
91-22-25941044 |
|
Mobile No.: |
91-9870234111 (Mr. Chetan P Kumar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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Website : |
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Location : |
Owned |
|
|
|
|
Head Office : |
Plot No.148,
Indrayani Audyogik Sahakari Vashat Maryadit, Village -Takve, Mawal, Pune –
412106, Maharashtra, India |
DIRECTORS
As on 28.09.2013
|
Name : |
Mr. Chetan Padmanabha Kumar |
|
Designation : |
Director |
|
Address : |
C-22,Hit
Niketan, Kokan Nagar, Bhandup (west), Mumbai - 400 078, Maharashtra, India |
|
Date of Birth/Age : |
09.04.1970 |
|
Date of Appointment : |
10.10.2007 |
|
DIN No.: |
01510682 |
|
|
|
|
Name : |
Mrs. Geeta Padmanabha Kumar |
|
Designation : |
Director |
|
Address : |
C-22,Hit
Niketan, Kokan Nagar, Bhandup (west), Mumbai - 400 078, Maharashtra, India |
|
Date of Birth/Age : |
23.03.1952 |
|
Date of Appointment : |
10.10.2007 |
|
DIN No.: |
01770226 |
MAJOR SHAREHOLDERS
As on 28.09.2013
|
Names of Shareholders |
No. of Shares |
% of holding |
|
Chetan Padmanabha Kumar |
5000 |
50.00% |
|
Geeta Padmanabha Kumar |
5000 |
50.00% |
|
Total |
10000 |
100.00% |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Track Shoes for Excavators. |
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Imports : |
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|
Products : |
Raw Material |
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Countries : |
·
China ·
Japan ·
UK |
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Terms : |
|
|
Purchasing : |
Depend |
GENERAL INFORMATION
|
No. of Employees : |
20 (Approximately) |
||||||||||||||||||||||||
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Bankers : |
· Abhyudaya Co-Operative Bank Limited, Administrative Office, K. K. Tower, Abhyudaya Bank, Lane, Off G. D. Ambekar Marg, Parel Village, Mumbai - 400012,Maharashtra, India |
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Facilities : |
Long Term
Borrowings Loans has been guaranteed by director or others
i.
Term loans from bank for other fixed assets are guaranteed
by Personal guarantee of Mr. Deepak Tukaram Sawant, Mr. Muthunny Fazru Said
Kariyattil and directors Mr. Chetan P Kumar and Mrs. Geeta P Kumar ii.
Term Loan from bank for working capital are
guaranteed by M/s Sawant Associates, Sawani Export and personal guarantee of
directors Mr. Chetan P Kumar and Mrs. Geeta P Kumar Term of
Repayment of Loan
i.
Loans taken for fixed assets carry an interest
rate of 13% p.a. This loan is repayable in Equated Monthly Installment from
the date of loan. This loan is secured by mortgage of property at Pune and
other property of directors. ii.
Loans taken for working capital carry an interest
rate of 14% p.a. This loan is repayable in Equated Monthly Installment from
the date of loan. This loan is secured by mortgage of property at Pune and
other properties of director. iii.
The loans from Directors/ Relatives are interest
free and there is no stipulation as to repayment Continue default
of repayment of Loans and interest
i.
The company has defaulted in repayment of Term
loan for other assets of five equated monthly installments for
Rs.2470000/-which is due on balance sheet date. Short Term
Borrowings Terms of
Borrowings The cash credit
facility is secured by hypothecation of stock and book debts and mortgage of
land. a.
Loans has been guaranteed by director or others Cash Credit Facility from bank has been guaranteed by the personal
guarantee of Mr. Deepak Tukaram Sawant and Mr. Muthunny Fazru Kaiyattil b.
Continue default of repayment of Loans and
interest The company does not have any continuing defaults in repayment of
loans and interest as at the reporting date. |
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Banking
Relations : |
-- |
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|
Auditors : |
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|
Name : |
Thar and Associates Chartered Accountants |
|
Address : |
10, Ambe Ashish, 32 Dariyasthan Street, Masjid Bunder, Mumbai –
400003, Maharashtra, India |
|
Tel. No.: |
91-22-23450243/23450301/25605773 |
|
PAN No.: |
AAAPT6229J |
CAPITAL STRUCTURE
As on 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs. 10/- each |
Rs.0.100 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
0.618 |
0.451 |
0.329 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
0.718 |
0.551 |
0.429 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
24.825 |
28.267 |
14.000 |
|
(b) Deferred tax liabilities (Net) |
0.072 |
0.042 |
0.029 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
24.897 |
28.309 |
14.029 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
4.122 |
2.472 |
1.603 |
|
(b) Trade payables |
6.142 |
1.391 |
0.624 |
|
(c) Other current
liabilities |
8.611 |
7.078 |
21.465 |
|
(d) Short-term provisions |
0.106 |
0.131 |
0.102 |
|
Total Current Liabilities (4) |
18.981 |
11.072 |
23.794 |
|
|
|
|
|
|
TOTAL |
44.596 |
39.932 |
38.252 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
14.796 |
16.534 |
17.717 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
16.690 |
15.428 |
11.967 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.500 |
0.500 |
0.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.453 |
0.419 |
0.419 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
32.439 |
32.881 |
30.603 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.206 |
0.297 |
0.184 |
|
(c) Trade receivables |
9.651 |
3.187 |
2.785 |
|
(d) Cash and cash equivalents |
0.113 |
1.657 |
1.324 |
|
(e) Short-term loans and
advances |
1.814 |
1.736 |
3.211 |
|
(f) Other current assets |
0.373 |
0.174 |
0.145 |
|
Total Current Assets |
12.157 |
7.051 |
7.649 |
|
|
|
|
|
|
TOTAL |
44.596 |
39.932 |
38.252 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
12.491 |
11.372 |
|
|
|
|
Other Income |
0.113 |
0.109 |
|
|
|
|
TOTAL (A) |
12.604 |
11.481 |
10.451 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase and Labour Charges |
6.341 |
|
|
|
|
|
Changes in inventories |
0.091 |
(0.113) |
|
|
|
|
Employee benefit expenses |
0.808 |
0.642 |
|
|
|
|
Administrative expenses |
1.488 |
6.338 |
|
|
|
|
TOTAL (B) |
8.728 |
7.331 |
6.560 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.676 |
4.150 |
3.891 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.914 |
2.051 |
1.601 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.762 |
2.099 |
2.290 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
1.739 |
1.943 |
2.012 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
0.223 |
0.156 |
0.278 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.055 |
0.035 |
0.063 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.168 |
0.121 |
0.215 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.450 |
0.329 |
0.114 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.618 |
0.450 |
0.329 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.77 |
12.12 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.33 |
1.05 |
2.06 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.79 |
1.37 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.83 |
0.66 |
1.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.28 |
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
40.32 |
55.79 |
36.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.64 |
0.64 |
0.32 |
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 |
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 |
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 |
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:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans and advances from related parties |
|
|
|
Loans from Directors/Relatives unsecured |
15.000 |
15.000 |
|
Total |
15.000 |
15.000 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74200MH2007PTC174883 |
|
Name of the
company |
G.P.K. ENGINEERING COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C-22, Hit Niketan, Kokan Nagar, Bhandup (West),
Mumbai – 400078, Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Abhyudaya Co-Operative Bank Limited Administrative Office, K. K. Tower, Abhyudaya Bank, Lane, Off G. D. Ambekar
Marg, Parel Village, Mumbai - 400012,Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement for Hypothecation of Stock and Book- Debts under Revolving
Credit facility |
|
Date of instrument
Creating the charge |
16.07.2013 |
|
Amount secured by
the charge |
Rs.21.000 Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
Rate of interest @ 14% p.a. (i.e. 0.50% above the Bank's PLR presently
being 13.50% p.a), at monthly rests, or at such other rate, as may be
decided, from time to time, by the Bank. Margin As may be decided, from time to time, by the Bank. Extent and
Operation of the charge To secure the due repayment of Credit Facility of Rs.21.000 Millions,
together with interest, all costs, charges and expenses, etc., thereon
granted by the Bank, to the Company. |
|
Short particulars
of the property charged |
·
All, present and future, stock/ Good such as
Profile Steel for making Track Shoe/ Conveyor Flight, LPG/Propane Gas for
fuel to furnace, Welding Rods, etc. and other miscellaneous items of the
Company. ·
All, Present and future, Book-Debts of the
Company. |
FIXED ASSETS:
·
Building
·
Plant and Machinery
·
Tools and Dies
·
Computers
·
Factory Equipment
·
Furniture and Fixtures
·
Office Equipment
·
Lease land
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.62.23 |
|
|
1 |
Rs.102.14 |
|
Euro |
1 |
Rs.84.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.