MIRA
INFORM REPORT
|
Report Date : |
31.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
GSC GLASS LIMITED |
|
|
|
|
Formerly Known
As : |
GSC GLASS PRIVATE LIMITED GSC TOUCHENED GLASS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
802, Arjun Nagar, Bhisham Pitamah Marg, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.03.1989 |
|
|
|
|
Com. Reg. No.: |
55-035305 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.60.795 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1989PLC035305 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELG02044A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG0050D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Tempered Glass, Heat Strengthened Glass
Heat Soaked Glass, Ceramic Printed Glass Laminated Glass, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having good track record. The company
has performed well in current year. Financially company appears to be strong. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered for normal business dealings at usual
trade terms and conditions. |
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) |
|
|
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit :- (CRISIL) BBB+ |
|
Rating Explanation |
(CRISIL) BBB+ :- having moderate degree of safety
regarding timely require of financial obligations. |
|
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 : |
802, Arjun Nagar, Bhisham Pitamah Marg, |
|
Tel. No.: |
91-11-41021222 (8 Lines) |
|
Fax No.: |
91-11-41021220 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
5 and 7, Udyog Vihar, Industrial Area, Greater Noida-201306, |
|
Tel. No.: |
91-120-2569922/33/44/2560574 |
|
Fax No.: |
91-120-2569288 |
|
E-Mail : |
|
|
|
|
|
Factory : |
R-50-52, TTC Industrial Area, Rabale, |
|
Tel. No.: |
91-22-27607409 (4 Lines) / 65138218/19 |
|
Fax No.: |
91-22-27698811/33 |
|
E-Mail : |
|
|
|
|
|
Overseas Office : |
Oudenaardse Steenweg 186, B-8580 |
|
Tel. No.: |
91-32-056-323203 |
|
Fax No.: |
91-32-056-323204 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2011
|
Mr. Charanjit Singh |
|
|
Designation : |
Director |
|
Address : |
470, Sector 15
A, Noida – 201301, |
|
Date of Birth : |
27.03.1967 |
|
Date of
Appointment : |
21.05.1990 |
|
PAN No.: |
AICPK8222E |
|
DIN No.: |
00270786 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1989PLC035305 |
GSC GLASS
LIMITED |
Managing
director |
01/10/2011 |
21/05/1990 |
- |
Active |
NO |
|
2 |
U74899DL1986PTC025092 |
SHIVA AGRO
PRIVATE LTD. |
Director |
23/08/1993 |
23/08/1993 |
- |
Active |
NO |
|
3 |
U74210DL2002PTC116199 |
RANA ARCHITECTURAL
SOLUTIONS PRIVATE LIMITED |
Director |
30/09/2011 |
26/03/2010 |
- |
Active |
NO |
|
4 |
U99999MH1987PTC043997 |
EVERLAST
ENGINEERING PRIVATE LIMITED |
Director |
30/09/2011 |
19/02/2011 |
- |
Active |
NO |
|
Name : |
Mr. Sharanjeet Singh |
|
Designation : |
Director |
|
Address : |
470, Sector 15 A, Noida – 201301, |
|
Date of Appointment : |
02.03.1989 |
|
DIN No.: |
00270680 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1989PLC035305 |
GSC GLASS
LIMITED |
Director |
02/03/1989 |
02/03/1989 |
- |
Active |
NO |
|
2 |
U74899DL1986PTC025092 |
SHIVA AGRO
PRIVATE LTD. |
Managing
director |
23/08/1993 |
23/08/1993 |
- |
Active |
NO |
|
3 |
U93000DL2009NPL196090 |
FEDERATION OF
SAFETY GLASS |
Director |
17/11/2009 |
17/11/2009 |
- |
Active |
NO |
|
4 |
U74210DL2002PTC116199 |
RANA
ARCHITECTURAL SOLUTIONS PRIVATE LIMITED |
Director |
30/09/2011 |
26/03/2010 |
- |
Active |
NO |
|
5 |
U99999MH1987PTC043997 |
EVERLAST
ENGINEERING PRIVATE LIMITED |
Director |
30/09/2011 |
19/02/2011 |
- |
Active |
NO |
|
Name : |
Mr. Pranit Malik |
|
Designation : |
Director |
|
Address : |
470, Sector 15 A, Noida – 201301, |
|
Date of Appointment : |
02.02.2004 |
|
DIN No.: |
00270823 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1989PLC035305 |
GSC GLASS
LIMITED |
Director |
02/02/2004 |
02/02/2004 |
- |
Active |
NO |
|
2 |
U74140DL2006PTC150403 |
UMANG MANAGEMENT
CONSULTANTS PRIVATE LIMITED |
Director |
25/09/2008 |
09/08/2008 |
- |
Active |
NO |
|
Name : |
Daljit Kaur |
|
Designation : |
Director |
|
Address : |
470, Sector 15 A, Noida – 201301, |
|
Date of Appointment : |
01.09.2006 |
|
DIN No.: |
00768136 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U99999MH1987PTC043997 |
EVERLAST ENGINEERING
PRIVATE LIMITED |
Director |
26/10/2005 |
26/10/2005 |
21/02/2011 |
Active |
NO |
|
2 |
U74899DL1989PLC035305 |
GSC GLASS
LIMITED |
Director |
01/09/2006 |
01/09/2006 |
- |
Active |
NO |
|
3 |
U74999DL2011PTC215271 |
M.D. Corpserve Private
Limited |
Director |
05/03/2011 |
05/03/2011 |
- |
Active |
NO |
|
Name : |
Mrs. Jagdeep Kaur |
|
Designation : |
Director |
|
Address : |
470, Sector 15 A, Noida – 201301, |
|
Date of Appointment : |
01.09.2006 |
|
DIN No.: |
00768174 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U99999MH1987PTC043997 |
EVERLAST
ENGINEERING PRIVATE LIMITED |
Director |
28/03/2001 |
28/03/2001 |
21/02/2011 |
Active |
NO |
|
2 |
U74899DL1989PLC035305 |
GSC GLASS
LIMITED |
Director |
01/09/2006 |
01/09/2006 |
- |
Active |
NO |
|
3 |
U74140DL2006PTC150403 |
UMANG MANAGEMENT
CONSULTANTS PRIVATE LIMITED |
Director |
25/09/2008 |
09/08/2008 |
- |
Active |
NO |
MAJOR SHAREHOLDERS
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Mr. Sharanjit Singh |
132405 |
|
Mr. Charanjit Singh |
98295 |
|
M/S Shiva Agro Private Limited |
270000 |
|
Ms. Jasneet Malik |
15900 |
|
Ms. Tina Malik |
15900 |
|
Ms. Parchita Singh |
15900 |
|
Mr. Pranit Malik |
31800 |
|
Ms. Amrita Singh |
14000 |
|
Ms. Kriti |
13750 |
|
TOTAL
|
607950 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
44.41 |
|
Directors or relatives of Directors |
55.59 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Tempered Glass, Heat Strengthened Glass
Heat Soaked Glass, Ceramic Printed Glass Laminated Glass, etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Corporation Bank, SME Branch, G-28/29, Sector 18, Noida -201301, |
|||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C.S. Bhatnagar and Company Chartered Accountant |
|
Address : |
64, Regal Building, |
|
Tel. No.: |
91-11-23361674 |
|
Fax No.: |
91-11-23347019 |
|
PAN No.: |
AAAFC2063P |
|
E-Mail : |
|
|
Website.: |
|
|
|
|
|
Associates/Subsidiaries : |
·
Everlast Engineering Company Private Limited ·
GSC ·
Shiva Agro Private Limited ·
Rana Architectural Solution Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.100/- each |
Rs.70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
607950 |
Equity Shares |
Rs.100/-
each |
Rs.60.795 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
60.795 |
60.795 |
60.795 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
842.629 |
770.374 |
634.588 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
903.424 |
831.169 |
695.383 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
173.672 |
138.478 |
189.106 |
|
|
2] Unsecured Loans |
132.544 |
49.680 |
49.161 |
|
|
TOTAL BORROWING |
306.216 |
188.158 |
238.267 |
|
|
DEFERRED TAX LIABILITIES |
21.145 |
1.795 |
9.292 |
|
|
|
|
|
|
|
|
TOTAL |
1230.785 |
1021.122 |
942.942 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
612.553 |
498.119 |
506.874 |
|
|
Capital work-in-progress |
24.710 |
22.482 |
20.033 |
|
|
|
|
|
|
|
|
INVESTMENT |
101.329 |
4.376 |
3.515 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
212.762
|
183.014 |
189.410
|
|
|
Sundry Debtors |
308.258
|
285.185 |
274.839
|
|
|
Cash & Bank Balances |
7.288
|
4.308 |
3.561
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
164.663
|
308.842 |
212.349
|
|
Total
Current Assets |
692.971
|
781.349 |
680.159 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
111.008
|
94.574 |
192.856
|
|
|
Other Current Liabilities |
68.360
|
53.551 |
72.088
|
|
|
Provisions |
21.410
|
137.079 |
2.695
|
|
Total
Current Liabilities |
200.778
|
285.204 |
267.639 |
|
|
Net Current Assets |
492.193
|
496.145 |
412.520 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1230.785 |
1021.122 |
942.942 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
916.488 |
861.460 |
741.027 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Administrative Expenses |
|
641.921 |
540.516 |
|
|
|
|
799.023 |
|
|
|
|
|
TOTAL (B) |
Including
Financial and depreciation expenses |
641.921 |
540.516 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
219.539 |
200.511 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
15.116 |
17.528 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
204.424 |
182.983 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
28.835 |
25.528 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
117.465 |
175.589 |
157.455 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
21.410 |
43.5745 |
41.550 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
96.055 |
132.014 |
115.904 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
766.919 |
634.369 |
N.A |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
(72.196) |
(132.550) |
N.A |
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
839.115 |
766.919 |
N.A |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
14.863 |
28.321 |
N.A |
|
|
TOTAL EARNINGS |
14.863 |
28.321 |
N.A |
|
|
|
|
Others |
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.80 |
21.71 |
19.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
10.48
|
15.32 |
15.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
N.A
|
N,A |
N.A |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.99
|
13.72 |
13.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.21 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.56
|
0.56 |
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.45
|
2.74 |
2.54 |
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 |
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 |
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 |
No |
|
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 |
FIXED ASSETS
·
Land
·
Office Equipment
·
Furniture and Fixture
·
Plant and Machinery
·
Electrical Installation
·
Computers
·
Building
·
Vehicle Car
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.54.85 |
|
|
1 |
Rs.72.63 |
|
Euro |
1 |
Rs.88.40 |
INFORMATION DETAILS
|
|
|
|
Report Prepared
by : |
HET |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
TOTAL |
|
51 |
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.