MIRA
INFORM REPORT
|
Report Date : |
09.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
GEETA MACHINE TOOLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
New Bharat Engineering Works Pandit Nehru Marg, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.09.1989 |
|
|
|
|
Com. Reg. No.: |
04-12709 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.485 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29220GJ1989PTC012709 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTG00182A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Boring and Milling, Tools and cutter grinder
machinery cutting tools, lathe machine etc.
|
|
|
|
|
No. of Employees
: |
500 (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 146000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears huge external borrowing taken by the company during the
financial year 2013. 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) |
|
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
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
|
Name : |
Mr. Gaurav Sharma |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9924309381 |
|
Date : |
02.12.2013 |
LOCATIONS
|
Registered Office/Factory : |
New Bharat Engineering works Pandit Nehru Marg, |
|
Tel. No.: |
91-288-2750602/2750601/2757474 |
|
Mobile No.: |
91-9924309381 (Mr. Gaurav Sharma) |
|
Fax No.: |
91-288-2752616 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
60000 Sq.ft |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Vasantrai Pragjibhai Bhadra |
|
Designation : |
Director |
|
Address : |
Urvi 7 Kamdar Colony, |
|
Date of Birth/Age : |
07.05.1949 |
|
Date of Appointment : |
06.09.1989 |
|
Din No.: |
00159738 |
|
|
|
|
Name : |
Mr. Sardarsinh Ladhubha Jadeja |
|
Designation : |
Director |
|
Address : |
604 Triveni Appartments, Pandit Nehru Marg, |
|
Date of Birth/Age : |
18.09.1947 |
|
Date of Appointment : |
06.09.1989 |
|
Din No.: |
00160106 |
|
|
|
|
Name : |
Mr. Vanrajsinh Sardarsinh Jadeja |
|
Designation : |
Director |
|
Address : |
604 Triveni T – 1, Opposite Nawanagar Bank, P N Marg, |
|
Date of Birth/Age : |
21.02.1975 |
|
Date of Appointment : |
25.10.1994 |
|
Din No.: |
00240040 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Sardarsinh Ladhubha Jadeja |
139540 |
|
Janakba Ladhubha Jadeja |
39500 |
|
Vanrajsingh Sardarsinh Jadeja |
38100 |
|
Dhraba Vanrajsingh Jadeja |
15240 |
|
Jagdishsinh Sardarsinh Jadeja |
38100 |
|
Gopibha Jagdishsinh Jadeja |
15240 |
|
Bharatsinnh Sardarsinh Jadeja |
53340 |
|
Geetaba Sardarsinh Jadeja |
45720 |
|
Chanachalba Ladhubha Jadeja |
100 |
|
Bhojubha Ladhubha Jadeja |
15240 |
|
Piyushsinh Bhojubha Jadeja |
11430 |
|
Sukdhevsinh Bhojubha Jadeja |
11430 |
|
Ashoksinh Ladhubha Jadeja |
15240 |
|
Sonalba Ashoksinh Jadeja |
11430 |
|
Kokilabha Ashoksinh Jadeja |
11430 |
|
Ajitsinh Ladhubha Jadeja |
7620 |
|
Rajeshsinh Ajitsinh Jadeja |
7620 |
|
Vasantrai Pragji Bhadra |
30480 |
|
Vishal Vasantrai Bhadra |
15240 |
|
Premilabhen Vasantrai Bhadra |
11430 |
|
Hasumatiben Govindhi Kansagara |
57150 |
|
Dippalben Popatlal Patel |
38100 |
|
Ravindrasinh Navalsinh Sodha |
22860 |
|
Raj |
15240 |
|
Dayabhai Nathalal Rabadia |
15240 |
|
Kansagara G.C |
100 |
|
Indrabha Vakhatsinh Zala |
100 |
|
Anshuyaba Kishorsinh Jadeja |
100 |
|
Rajshree Jayaprakash Patel |
28050 |
|
Samir Jayaprakash Patel |
14025 |
|
Sagar Jayaprakash Patel |
14025 |
|
Sardarsinh Ladhubha Jadeja (HUF) |
4000 |
|
Vanrajsingh Sardarsinh Jadeja
(HUF) |
3000 |
|
Jagdisinh Sardarsinh Jadeja
(HUF) |
3000 |
|
|
|
|
Total |
748460 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Boring and Milling, Tools and cutter
grinder machinery cutting tools, lathe machine etc. |
|
|
|
|
Exports : |
|
|
Products : |
·
Boring and Milling ·
Tools ·
Cutter Grinder ·
Machinery Cutting Tools ·
Lathe Machine |
|
Countries : |
·
·
Gulf Countries |
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|
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Terms : |
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Selling : |
Cash/Credit |
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Purchasing : |
Cash/Credit |
GENERAL INFORMATION
|
Suppliers : |
·
B. C. Gears ( ·
A.B. Machine Tools ( · ABS Enterprise ·
Pravin and Company · ACE Infobahn Private. Limited. (Thane) · Accuspirals Bangalore · Advance Cooling Systems P Limited. · Advance Foundry Fluxes and Chemicals Rjkt ·
A E Sariya · Ajay Enterprises Thane · Ajay Traders · Ajay Syscon Private Limited ·
Akash Enterprise · Allwin Engineers Rjkt · Ananya Merchantile Services (Mumbai) · Amit Engineers (Rjkt) ·
Amrut Technocast P.L. |
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Customers : |
End Users and OEM ·
Reliance Group ·
Tata Group
· AT Consultants Private. Limited · Bharat Heavy Elec. Limited · C P Agencies (Secunderabad) · Cannan Eng Private Limited Mumbai ·
Central Tool Room and · Chief Mech Engineer Manmad · Chief Mech Engineer Planning Dhankuni – · Chief Works Manager Jamalpur 2 · Paltech Cooling Tower and Equipments · Radhe Engineers Ahd · Sayaji Iron and Engg. Co. Limited. ·
S and T Engineers ( ·
Surya Global Steel Tubes Limited. ( |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
·
Bank Of · Dena Bank ·
State Bank of ·
HDFC Bank Limited ·
Kotak Mahindra Bank Limited ·
Indusind Bank |
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Facilities : |
NOTE: Bank of India CC
Account is secured against hypothecation of Shed building, Land, all tangible
movable plant and machinery and stock-in-trade. Term Loans for
purchase of vehicles from Kotak Mahindra Prime Lilimited [total outstanding -
Rs. 0.307/-(Previous Year - Rs. Nil/-)] and HDFC Bank Limited [total outstanding
- Rs. 0.010/- (Previous Year - Rs. 0.113/-)] are secured against the
hypothecation of vehicles purchased. Loan from Bank
of India, Dena Bank and State Bank of India are secured against Fixed
Deposits maintained with the bank. |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajnikant V. Pragada Chartered Accountant |
|
Address : |
102, Riddhi Siddhi Apartment, Opposite Axis Bank, |
|
Tel No. : |
91-288-2558952 |
|
PAN
No. : |
ANTPP0162A |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
748460 |
Equity Shares |
Rs.10/- each |
Rs.7.485 Millions |
|
|
|
|
|
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 |
7.485 |
7.485 |
7.485 |
|
(b) Reserves & Surplus |
28.990 |
24.022 |
18.294 |
|
(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) |
36.475 |
31.507 |
25.779 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
28.037 |
26.719 |
26.491 |
|
(b) Deferred tax liabilities (Net) |
0.566 |
0.346 |
0.361 |
|
(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) |
28.603 |
27.065 |
26.852 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
128.050 |
70.602 |
48.343 |
|
(b) Trade payables |
108.713 |
64.555 |
56.575 |
|
(c) Other current
liabilities |
20.996 |
11.379 |
7.517 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
257.759 |
146.536 |
112.435 |
|
|
|
|
|
|
TOTAL |
322.837 |
205.108 |
165.066 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
27.463 |
14.399 |
14.692 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.853 |
0.485 |
0.484 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
28.316 |
14.884 |
15.176 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
66.417 |
9.592 |
24.510 |
|
(c) Trade receivables |
145.604 |
115.949 |
75.544 |
|
(d) Cash and cash
equivalents |
64.123 |
53.406 |
38.341 |
|
(e) Short-term loans and
advances |
10.378 |
6.636 |
10.606 |
|
(f) Other current assets |
7.999 |
4.641 |
0.889 |
|
Total Current Assets |
294.521 |
190.224 |
149.890 |
|
|
|
|
|
|
TOTAL |
322.837 |
205.108 |
165.066 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
189.075 |
209.913 |
136.518 |
|
|
|
Other Income |
7.384 |
4.948 |
7.498 |
|
|
|
TOTAL |
196.459 |
214.861 |
144.016 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
4.968 |
5.740 |
4.359 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
24.022 |
18.294 |
13.935 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
28.990 |
24.022 |
18.294 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
6.64 |
7.67 |
5.82 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.53
|
2.67 |
3.03 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.28
|
3.09 |
2.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14
|
1.30 |
1.33 |
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 |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Directors |
|
|
|
Sardarsinh L. Jadeja |
0.961 |
1.023 |
|
Vanrajsinj S. Jadeja |
5.335 |
4.935 |
|
Vasantbhai P. Bhadra |
1.595 |
1.405 |
|
From Shareholders (As per Grouping A) |
20.098 |
19.025 |
|
From Others (As per Grouping B) |
0.048 |
0.331 |
|
|
|
|
|
Total |
28.037 |
26.719 |
Unsecured Loans from relatives and others are long term but are repayable
on demand.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10405817 |
31/12/2012 |
6,000,000.00 |
Bank of India |
SHANKER TEKRI SME BRANCH, SPL . SHED NO. 442, G. I. D. C., Jamnagar,
Gujarat - 361004, INDIA |
B68860428 |
|
2 |
10183683 |
26/09/2012 * |
170,000,000.00 |
BANK OF INDIA |
SHANKER TEKRI SME BRANCH, SPL . SHED NO. 442, G. I. D. C., Jamnagar, Gujarat
- 361004, INDIA |
B61549010 |
* Date of charge modification
FIXED ASSETS
Ø Land
Ø Building
Ø Shed Building
Ø Plant and
Machinery
Ø Furniture and
Fixtures
Ø Vehicles
Ø Office Equipments
Ø Air Conditioner
Ø
Computer
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 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.61.67 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.84.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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.