MIRA
INFORM REPORT
|
Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
DYNAMIC ENGINEERING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
268/269, GIDC, Wadhwan City, Surendranagar, Wadhwan-363035, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
27.09.2007 |
|
|
|
|
Com. Reg. No.: |
04-051836 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.4.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29300GJ2007PTC051836 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMD04409G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Bearings. |
|
|
|
|
No. of Employees
: |
95 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 23000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as a proprietory concern during 1979 by the
name “Dynamic Engineering Company” which was reconstituted as a private
limited company during 2007. Mr. Vishalkumar Amritlal Bhimani has provided
all information of the subject to us. The liquidity of the company appears to
be unhealthy. However, trade relations are reported as fair. Business is active.
Payments terms are slow. The company can be considered for business dealings with some caution.
NOTE: Mr. Sawan
Chawda, Accountant [Union Bank of India] has reported that the subject
maintains proper and satisfactory relations with the bank. |
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) |
|
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
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in 2011
slowed because of persistently high inflation and interest rates and little
progress on economic reforms. High international crude prices have exacerbated
the government's fuel subsidy expenditures contributing to a higher fiscal
deficit, and a worsening current account deficit. Little economic reform took
place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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. Vishalkumar Amritlal Bhimani |
|
Designation : |
Director |
|
Contact No.: |
91-9687777776 |
|
Date : |
22.12.2012 |
LOCATIONS
|
Registered Office/ Factory : |
268/269, GIDC, Wadhwan City, Surendranagar, Wadhwan-363035, Gujarat,
India |
|
Tel. No.: |
91-2752-242452 / 53 |
|
Mobile No.: |
91-9687777776 [Mr. Vishalkumar Amritlal Bhimani] |
|
Fax No.: |
91-2752-242454 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Amritlal Bhanjibhai Bhimani |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
268/269, GIDC, Wadhwan City, Surendranagar, Wadhwan-363035, Gujarat,
India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.01.1953 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2007 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
01556890 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Bhartiben Amritlal Bhimani |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Tirth Banglow, H 117, GIDC Residential Area, Wadhwancity-363065,
Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.01.1961 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2007 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
01681448 |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vishalkumar Amritlal Bhimani |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Tirth Banglow, H 117, GIDC Residential Area, Wadhwancity-363065,
Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.11.1985 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2007 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
01681882 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Bhartiben Amritlal Bhimani |
|
109000 |
|
Mohanlal Viththalbhai Dadhania |
|
10000 |
|
Manjulaben Vallabhdas Viraparia |
|
10000 |
|
Vallabhdas Bhanjibhai Bhimani |
|
2000 |
|
Amritlal Bhanjibhai Bhimani |
|
206500 |
|
Vishalkumar Amritlal Bhimani |
|
52500 |
|
Kishorbhai Ramjibhai Trambadia |
|
10000 |
|
|
|
|
|
TOTAL
|
|
400000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
92.00 |
|
Other
top fifty shareholders |
|
8.00 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Bearings. |
|
|
|
|
Exports : |
|
|
Products : |
Bearings |
|
Countries : |
Asian Country |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
95 [Approximately] |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Union Bank of India, Derasar Road, Surendranagar-363001, Gujarat,
India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dineshkumar V. Shah and Company Chartered Accountants |
|
Address : |
Opposite People’s Co-operative Bank, Derasar Road,
Surendranagar-363001, Gujarat, India |
|
Tel. No.: |
91-2752-222144 / 223446 |
|
PAN No: |
AEDPS3839Q |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 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 |
4.000 |
4.000 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.855 |
1.165 |
1.029 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5.855 |
5.165 |
3.029 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.335 |
7.061 |
4.088 |
|
|
2] Unsecured Loans |
6.148 |
6.087 |
11.468 |
|
|
TOTAL BORROWING |
14.483 |
13.148 |
15.556 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
20.338 |
18.313 |
18.585 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.545 |
5.361 |
6.004 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.130 |
0.130 |
0.130 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
13.078
|
13.805 |
13.301 |
|
|
Sundry Debtors |
12.638
|
10.096 |
10.500 |
|
|
Cash & Bank Balances |
0.751
|
0.513 |
0.768 |
|
|
Other Current Assets |
0.785
|
0.294 |
0.097 |
|
|
Loans & Advances |
0.857
|
0.400 |
0.352 |
|
Total
Current Assets |
28.109
|
25.108 |
25.018 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
13.148
|
11.652 |
12.109 |
|
|
Other Current Liabilities |
0.157
|
0.021 |
0.053 |
|
|
Provisions |
1.141
|
0.613 |
0.405 |
|
Total
Current Liabilities |
14.446
|
12.286 |
12.567 |
|
|
Net Current Assets |
13.663
|
12.822 |
12.451 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
20.338 |
18.313 |
18.585 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
45.828 |
32.617 |
26.135 |
|
|
|
Other Income |
1.145 |
2.089 |
5.729 |
|
|
|
TOTAL |
46.973 |
34.706 |
31.864 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
[Including
Financial Expenses] |
32.407 |
29.791 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
2.299 |
2.073 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.842 |
0.495 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.064 |
1.457 |
1.578 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.013 |
0.936 |
1.113 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
1.051 |
0.521 |
0.465 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.282 |
0.379 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.769 |
0.142 |
0.465 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
0.000 |
(0.361) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
0.769 |
0.142 |
0.104 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.079 |
NA |
NA |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.92 |
0.35 |
-- |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover [Approximately] |
|
|
70.000 |
Expected Sales (2012-13) : Rs.150.000 Millions.
The above information has been parted by Mr. Vishalkumar Amritlal
Bhimani.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.64
|
0.41 |
1.45 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.29
|
1.60 |
1.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.03
|
1.70 |
1.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.10 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.94
|
4.92 |
9.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.95
|
2.04 |
1.99 |
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 |
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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
OPERATIONS:
Your Company has achieved
total income of Rs. 45.828 Millions during the year under report, as compared
to total incomes of Rs. 32.617 Millions of previous year 2009-10. Moreover, the
net profit of the Company has also been increased to Rs. 13.211 Millions.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10150979 |
|
Corporate
identity number of the company |
U29300GJ2007PTC051836 |
|
Name of the
company |
DYNAMIC ENGINEERING
COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
268/269, GIDC, Wadhwan City, Surendranagar, Wadhwan-363035, Gujarat,
India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Union Bank of India, Derasar Road, Surendranagar-363001, Gujarat,
India |
|
Email |
|
|
Nature of description
of the instrument creating or modifying the charge |
Instrument
modifying the charge: Memorandum of
Entry (Extension of Mortgage in favour of the Bank) |
|
Date of
instrument Creating the charge |
13.07.2011 |
|
Amount secured by
the charge |
Rs.20.564
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest CC
(Hypothecation) - Base Rate +3.75% LG - Usual TL Vehicle - 12%
Floating Rate TL Machine - Base
Rate + 4.50% Terms of Repayment Cash Credit
payable on demand subject to annual review and other facilities as per
agreement. Margin Stock - 25% Book Debts - 50% Vehicle - 20% Machinery - 25% Extent and Operation of the charge The charge
operates to extend by way of Equitable Mortgage over the immovable properties
of the Company as (i) of the form in favor of Bank to secure repayment of
entire finance of Rs. 20.564 Millions including all other interest, cost and
other charges as may be payable from time to time. Others Nature of
Facility
Existing Revised Cash Credit 8.000 17.500 L/G
2.000 2.000 T/L (Lazer
Machine) 00.00 1.064 TOTAL
10.000 20.564 |
|
Date of latest
modification prior to the present modification |
24.01.2011 |
|
Particulars of
the present modification |
The total finance
facilities has been enhanced from Rs. 10.000 Millions to Rs. 20.564 Millions
by way of Equitable Mortgage over Immovable Properties of the Company to
secure the repayment of entire finance facility. |
FIXED ASSETS:
·
Furniture
·
Factory Machinery
·
Factory Shed
·
Factory Plot
·
Computers
·
Xerox
·
Office Building
·
Generator
·
Hero Honda
·
Scooter
·
Printer and Scanner
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 records 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.54.41 |
|
|
1 |
Rs.88.29 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.