MIRA
INFORM REPORT
|
Report Date : |
16.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
MICROTEK INTERNATIONAL PRIVATE LIMITED |
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Registered
Office : |
G 11, Udyog Nagar, Main Rohtak Road, Delhi – 110041 |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
19.07.1989 |
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Com. Reg. No.: |
55-036999 |
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Capital
Investment / Paid-up Capital : |
Rs.2.500 Millions |
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CIN No.: [Company Identification
No.] |
U74899DL1989PTC036999 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELM08419F |
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PAN No.: [Permanent Account No.] |
AAACM0092P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Power Products. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 820000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payment are reported to
be usually correct and as per commitments. The company can be considered normal for 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
ICRA |
|
Rating |
A2+ (Non fund based) |
|
Rating Explanation |
The above average credit it carry higher
credit risk. |
|
Date |
March 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
BBB+ (fund based limit) |
|
Rating Explanation |
The moderate credit quality it carry higher
than average credit risk. |
|
Date |
March 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 : |
G 11, Udyog Nagar, Main Rohtak Road, Delhi – 110041, India |
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Tel. No.: |
91-11-25477685 |
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Fax No.: |
91-11-25472907 |
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E-Mail : |
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Website : |
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Head Office : |
H-57, Udyog Nagar, Rohtak Road, New Delhi – 110041, India |
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Tel. No.: |
91-11-42733377 |
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Fax No.: |
91-11-42733399 |
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E-Mail : |
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Branches : |
Located at :
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DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Nand Kishore Aggarwal |
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Designation : |
Director |
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Address : |
12/22, East Punjab Bagh, New Delhi – 110026, India |
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Date of Birth/Age : |
02.12.1948 |
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Date of Appointment : |
19.07.1989 |
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DIN No.: |
00172520 |
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Other Directorship :
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Name : |
Mr. Om Prakash Gupta |
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Designation : |
Director |
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Address : |
3/4, East Punjab Bagh, New Delhi – 110026, India |
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Date of Birth/Age : |
13.12.1940 |
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Date of Appointment : |
19.07.1989 |
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DIN No.: |
00262326 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
S. No |
Name of the Shareholder |
No. of Shares |
|
1. |
Nand
Kishore Aggarwal |
7500 |
|
2. |
Om Prakash
Gupta |
22500 |
|
3. |
Shanti Devi |
5000 |
|
4. |
Asha Devi |
7500 |
|
5. |
Vinod
Kumari |
7500 |
|
6. |
Sushma
Aggarwal |
5000 |
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7. |
Hari Kishan
Aggarwal |
2500 |
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8. |
Navneet
Aggarwal |
5000 |
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9. |
Urmil
Aggarwal |
5000 |
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10. |
Usha Devi |
4000 |
|
11. |
Raj Kumar
Gupta |
5000 |
|
12. |
Ajay Kumar
Aggarwal |
7500 |
|
13. |
Amit
Aggarwal |
7500 |
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14. |
Ruchi
Aggarwal |
7500 |
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15. |
Mange Ram
Aggarwal |
7500 |
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16. |
Bimal
Prasad Jain |
6000 |
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17. |
Vivek Jain |
2500 |
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18. |
Deepika
Jain |
2500 |
|
19. |
Rajesh
Gupta |
10000 |
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20. |
Subodh
Gupta |
10000 |
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21. |
Poonam
Gupta |
16500 |
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22. |
Anil Gupta |
10000 |
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23. |
Saroj Gupta |
16500 |
|
24. |
Subhash
Chand Aggarwal |
1000 |
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25. |
Naresh
Kumar Aggarwal |
1500 |
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26. |
Anil Kumar
Aggarwal |
1000 |
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27. |
Tarun
Aggarwal |
7500 |
|
28. |
Varun
Aggarwal |
1000 |
|
29. |
Vishesh
Gupta |
1000 |
|
30. |
Nikhil
Aggarwal |
1000 |
|
31. |
Neha
Aggarwal |
5000 |
|
32. |
Anita Gupta |
10000 |
|
33. |
Bimla Devi
Gupta |
9500 |
|
34. |
Arush Gupta |
10000 |
|
35. |
Rekha
Aggarwal |
10000 |
|
36. |
Shaloo
Jyotiprasad Aggarwal |
11000 |
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|
|
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TOTAL |
250000 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Power Products. |
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Products : |
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GENERAL INFORMATION
|
Customers : |
·
Ajex and Turner Wiredye Company ·
Assistant Commissioner Customs Division ·
Association of State Road Transport Undertakings ·
B.H.E.L – Haridwar ·
Bank of India ·
CMC Limited ·
HCL Infosystems Limited ·
Indian Air Force ·
ITI Limited · National Research Centre for Agro Forestry · Reserve Bank of India · Satyam Textiles ·
Spanco Telesystems and Solutions Limited · Tata Power Company Limited · Sujata Exports |
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No. of Employees : |
Not Available |
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Bankers : |
State Bank of Bikaner and Jaipur, Lawrence Road, Industrial Area,
Delhi – 110035, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Brijendra and Company Chartered Accountants |
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Address : |
76, Daryaganj, |
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PAN.: |
AADPJ6418Q |
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|
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Associate Company : |
·
Dremz International Limited ·
Garg Polyspin Private Limited ·
Microtek Infrastructure Private Limited ·
Microtek Infosoft Limited ·
Microtek Realtors Private Limited ·
Nikhil Footwears Private Limited ·
Okaya Power Limited ·
Stacs Technologies Private Limited |
|
|
|
|
Associate Firm : |
·
Arush Industries ·
Balaji Powertronics ·
Fuzikawa Power ·
Geon International ·
Himachal Power Products ·
Himachal Powerronics ·
Kenzo International ·
Krish Udyog ·
Maxpower Infosytem ·
Micro Industries ·
Micro Systems ·
N.K. Techonologies ·
Propower ·
S.G. International ·
Shivalik Industries ·
Tangent Power ·
Universal Power Products |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500
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 |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
202.880 |
171.617 |
147.677 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
205.380 |
174.117 |
150.177 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
260.660 |
90.296 |
|
|
2] Unsecured Loans |
257.585 |
65.544 |
29.242 |
|
|
TOTAL BORROWING |
257.585 |
326.204 |
119.538 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
1.490 |
1.419 |
|
|
|
|
|
|
|
|
TOTAL |
462.965 |
501.811 |
271.134 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
46.371 |
43.027 |
36.065 |
|
|
Capital work-in-progress |
163.013 |
138.573 |
97.686 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.399 |
0.398 |
0.398 |
|
|
DEFERREX TAX ASSETS |
0.612 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
199.323
|
615.824
|
228.901
|
|
|
Sundry Debtors |
390.255
|
431.445
|
312.489
|
|
|
Cash & Bank Balances |
113.829
|
41.796
|
46.458
|
|
|
Other Current Assets |
11.427
|
52.044
|
28.113
|
|
|
Loans & Advances |
136.456
|
246.533
|
56.792
|
|
Total
Current Assets |
851.290
|
1387.642 |
672.753 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
435.956
|
974.357
|
444.608 |
|
|
Other Current Liabilities |
139.389
|
79.772
|
85.010
|
|
|
Provisions |
23.375
|
13.700
|
6.150
|
|
Total
Current Liabilities |
598.720
|
1067.829
|
535.768 |
|
|
Net Current Assets |
252.570
|
319.813 |
136.985 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
462.965 |
501.811 |
271.134 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4391.222 |
3864.255 |
2778.387 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
82.934 |
60.304 |
23.005 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
33.200 |
18.891 |
4.620 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
49.734 |
41.413 |
18.385 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.585 |
3.694 |
2.570 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
45.149 |
37.719 |
15.815 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
13.886 |
13.779 |
10.942 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
31.263 |
23.940 |
4.873 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.117 |
0.177 |
0.304 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
28.500 |
24.000 |
5.000 |
|
|
BALANCE CARRIED
TO THE B/S |
2.880 |
0.117 |
0.177 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
Export Earnings |
2.260 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
125.05 |
95.76 |
19.49 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
1.04
|
0.98
|
0.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.02
|
2.64
|
2.23
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.22
|
0.11
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.91
|
8.01
|
4.36
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42
|
1.30
|
1.26
|
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 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
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 |
FORM 8
|
Corporate
identity number of the company |
U74899DL1989PTC036999 |
|
Name of the
company |
MICROTECK
INTERNATIONAL PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
G 11, Udyog Nagar
Main Rohtak Road, Delhi, 110041, India Email Id : ho@microtekdirect.com |
|
This form is for |
Modification
of Charge |
|
Charge
identification (ID) number of the charge to be modified |
80046480 |
|
Type of charge |
Immovable
Property Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
State Bank of Bikaner
and Jaipur, Lawrence Road, Industrial Area, Delhi 110035, India Email Id : sbbj10355@sbbj.co.in |
|
Nature of
instrument creating charge |
Letter regarding
the grant of individual limits within the overall limit Agreement of loan
for overall limit Agreement of
hypothecation of goods and Assets. |
|
Date of
instrument Creating the charge |
24.09.2010 |
|
Amount secured by
the charge |
Rs.593.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest 3% above base
rate i.e. 10.75% p.a. with monthly rests, subject to change from time to time
Terms of
repayment Payable on demand Margin As per Agreement Extent and operation
of the charge 100% Other The above is to
secure the following- Cash credit limit
of Rs.300.000 Million with sub limit against book debts of Rs.90.000 Million
and sub limit of drawings against clearing of Rs.10.000 Million Letter of credit
limit of Rs.290.000 Million Bank guarantee
limit of Rs.30.000 Million Aggregate limit of Rs.593.000 Million |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
i) All present
and future current and fixed Assets of the company ii) Equitable
Mortgage on immoveable property of the company situated at shop no. 103 at
First Floor, Pragati house, 47-48, Nehru place, New Delhi Admeasuring 664 Sq
feet iii) Equitable
Mortgage on immoveable property of the company situated at shop no.104 at,
First Floor, Pragati house, 47-48, Nehru place, New Delhi Admeasuring 544 Sq
feet iv) Equitable
Mortgage on immoveable property of the company situated at basement No. B-10,
104, Hemkunt towers, 98, Nehru Place, New Delhi Admeasuring 898 Sq feet. v) Equitable
Mortgage on immoveable property of the company situated at G-7, Masjid Moth,
G.K. Part II, |
|
Date of
instrument modifying the charge |
31.12.2009 |
|
Particulars of
the present modification |
Extent of charge
over the entire fixed and current Assets of the company and equitable
mortgage of the properties shall cover the entire enhanced aggregate limit of
Rs.593.000 Million of the company |
FIXED ASSETS
- Land
- Buildings
- Plant and Machinery
- Computers
- Moulds
- Photocopier
- Vehicles
- Air
Conditioners
- Electric
Installation
- Furniture and
Fixtures
- Office
Equipment
- EPABX
- Fax Machine
- Weighing
Machine
- Coolers
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.54.54 |
|
|
1 |
Rs.87.69 |
|
Euro |
1 |
Rs.72.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
50 |
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.