MIRA
INFORM REPORT
|
Report Date : |
08.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAHARASHTRA POWER TRANSMISSION STRUCTURES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
190, L.B.S. Road, Bhandup (West), Mumbai – 400078, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
16.08.2002 |
|
|
|
|
Com. Reg. No.: |
11-136850 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 150.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104MH2002PTC136850 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMM21692G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM3245M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of manufacturer of Tower Parts and trading in steel items. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1400000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Performance capacity of the company seems to be high. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Fund Based Bank Facility = BB+ |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
August 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 : |
190, L.B.S. Road, Bhandup (West), Mumbai – 400078, Maharashtra, India |
|
Tel. No.: |
91-22-67761100 / 09 |
|
Fax No.: |
91-22-67761115 / 16 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
351, Village Musarne, Bhiwandi-Wada Road, District.- Thane, Maharashtra, India |
|
Tel. No.: |
91-98607 95216 / 17 |
|
Fax No.: |
91-2526-222 456 |
|
|
|
|
Factory 2 : |
Khasara No. 295, Village, Lakeshwari, Roorkee Saharanpur Highway, Roorkee, District. Haridwar, Uttaranchal, India |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Jankiprasad Muneshwar Shah |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
201-2, Lila Villa, Indulal D. Bhuwa Marg, Wadala, Mumbai – 400 031,
Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.09.1963 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.08.2002 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00340987 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Ritu Jankiprasad Shah |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
201-2, Lila Villa, Indulal D. Bhuwa Marg, Wadala, Mumbai – 400 031,
Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.02.1970 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.08.2002 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00340810 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Janakiprasad Muneshwar Shah |
|
1250 |
|
Ritu Janakiprasad Shah |
|
1250 |
|
Maharashtra Steels Rolling Mills Private Limited, India |
|
14997500 |
|
Total |
|
15000000 |
As on: 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
99.98 |
|
Directors or relatives of Directors |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturer of
Tower Parts and trading in steel items. |
GENERAL INFORMATION
|
Customers : |
· Power Grid Corporation of India Limited · Utranchal Power Transmission Corp. Limited · Tamilnadu Electricity Board · Karnata Power Corporation Limited · Uttar Pradesh Power Corporation Limited · Gujarat Energy Transmission Corp. Limited · Grid Corporation of Orissa Limited · Punjab State Electricity Board. ·
M.P. Power Transmission Company Limited and
other Power Utilities |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Bank of India, Mumbai Mid Corporate Banking Branch, 70/80, M. G. Road, Mumbai - 400001, Maharashtra, India ·
Punjab National Bank, Raheja Chambers,
Foreshore Road Branch, Nariman Point,
Mumbai - 400021, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R Trivedi and Associates Chartered Accountants |
|
Address : |
Ranjit Studio, G Block, Gr. Floor, 119, Dadasaheb Phalke
Road, Dadar (East), Mumbai – 400014, Maharashtra, India |
|
PAN.: |
AABPT8670Q |
|
|
|
|
Holding company : |
Maharashtra Steels Rolling Mills Private Limited CIN No.: U51420MH1999PTC119320 |
|
|
|
|
Related Party : |
· Maharashtra Steels Private Limited CIN No.: U27100MH2003PTC142030 ·
Ishita Steel Traders Private Limited CIN No.: U27100MH2010PTC203543 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
150.000 |
150.000 |
100.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
210.368 |
138.277 |
96.040 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
360.368 |
288.277 |
196.040 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
102.492 |
105.240 |
136.521 |
|
|
2] Unsecured Loans |
181.610 |
166.615 |
151.926 |
|
|
TOTAL BORROWING |
284.102 |
271.855 |
288.447 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
644.470 |
560.132 |
484.487 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
208.050 |
230.060 |
231.014 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
9.856 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.056 |
3.417 |
4.525 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
366.010
|
342.260 |
417.899 |
|
|
Sundry Debtors |
864.835
|
710.247 |
455.862 |
|
|
Cash & Bank Balances |
92.932
|
57.631 |
114.398 |
|
|
Other Current Assets |
0.211
|
0.281 |
0.000 |
|
|
Loans & Advances |
131.220
|
183.414 |
114.275 |
|
Total
Current Assets |
1455.208
|
1293.833 |
1102.434 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
745.544
|
846.330 |
826.010 |
|
|
Other Current Liabilities |
242.917
|
64.733 |
0.868 |
|
|
Provisions |
30.383
|
56.115 |
36.464 |
|
Total
Current Liabilities |
1018.844
|
967.178 |
863.342 |
|
|
Net Current Assets |
436.364
|
326.655 |
239.092 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
644.470 |
560.132 |
484.487 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
3546.800 |
3205.605 |
2582.443 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
3546.800 |
3205.605 |
2582.443 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
3291.700 |
3202.405 |
2444.463 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
3291.700 |
3202.405 |
2444.463 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
255.100 |
185.200 |
137.980 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
115.600 |
85.800 |
72.181 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
139.500 |
99.400 |
65.799 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
27.300 |
29.400 |
20.611 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
112.100 |
70.000 |
45.188 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
40.000 |
27.800 |
18.246 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
72.100 |
42.200 |
26.942 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.81 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.03
|
1.31 |
1.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.74
|
4.59 |
3.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.24 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.62
|
4.30 |
5.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43
|
1.34 |
1.28 |
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 |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
OPERATING RESULTS
During the year the company has recorded the Total Income of Rs 3546.800 Millions (Previous Year Rs. 3205.605 Millions) and made the Net Profit of Rs 72.100 Millions (Previous Year, Net Profit of Rs 42.200 Millions) For the year under consideration the company has achieved an increase of 10.64% in turnover whereas the profitability of the company has registered an impressive 70.69% increament over the previous year. The increase was achived by control over costs and timely execution of projects. In the coming year the management is optimistic of continuing its robust performance both in terms of profitability and turnover
EXPANSION PROJECT
The company has already established EPC Divisions and the on going execution in Three Transmission Lines on EPC bais has yielded good results to the company in the current year. The company intends to undertake more of such projects to enhace its profitability. Considering that the Power Sector in India is expected to have a robust growth in the coming years and also more of the planned allocation by the central government to this sector is expected, the company is expected to get more of the transmission projects
FUTURE OUTLOOK
Barring unforeseen circumstances, the Directors are quite hopeful about the bright future of the company
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U27104MH2002PTC136850 |
|
Name of the
company |
MAHARASHTRA POWER
TRANSMISSION STRUCTURES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
190 LBS Marg, Bhandup ( West), Mumbai – 400 078, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10047440 |
|
Type of charge |
· Book debts · Movable property (not being pledge) · Floating charge |
|
Particular of
charge holder |
Bank of India, Mumbai Mid Corporate Banking Branch, 70/80, M. G. Road,
Mumbai – 400001, Maharashtra, India |
|
Nature of
instrument creating charge |
a) Second Supplemental Joint Deed of Hypothecation ; b) Second Supplemental Working Capital Consortium Agreement ; and c) Second Supplemental Inter-Se Agreement. (Collectively constitute a single charge for Rs.1190.000 Millions). |
|
Date of
instrument Creating the charge |
06.08.2012 |
|
Amount secured by
the charge |
Rs. 1190.000
Millions |
|
Brief of the principal
terms and conditions and extent and operation of the charge |
Rate of interest BOI : CC : 4% over base rate, presently 14.75%, LC : 50% of Normal Ch + ST, EPC and BP/BD : As applicable SB : CC : BR + 6.25% presently 17% p. a and FBP : As per Guidelines CB: CC: 15.25% (BR + 4.50%). Terms of repayment On Demand. Margin As may be stipulated by each of the Member Banks from time to time. Others The charge created herein by the Company shall be on first pari passu inter se the members of Bank of India Consortium for all purposes and to all intents without any priority of one over the other or others. |
|
Short particulars
of the property or assets charged (including complete address and location of
the property) |
· Hypothecation of First pari passu charge on the whole of the Current Assets of the Company · Hypothecation of First pari passu charge on Movable Plant and Machinery, all types of grinders, welding machines |
|
Date of last modification prior to the present modification |
10.10.2008 |
|
Particulars of the present modification |
The Consortium charge shall now modified/revised upto Rs.1190.000 Millions in favour of the members of Bank of India Consortium [comprising of BOI : Rs. 560.000 Millions, PNB : Rs. 280.000 Millions, SB : Rs. 130.000 Millions and CB : Rs. 220.000 Millions. |
Fixed Assets
· Building
· Plant machinery
· Office equipments
· Computer equipments
· Furniture fixtures
· Vehicles
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.54.98 |
|
|
1 |
Rs.88.11 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH / UDS |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.