|
Report Date : |
24.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
KARYTRON ELECTRICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
206, Pankaj Tower-I, G-5, Commercial Complex, Vikaspuri, New
Delhi-110018 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.02.2008 |
|
|
|
|
Com. Reg. No.: |
55-174713 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.5.998
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31401DL2008PTC174713 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELK09930E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK2915J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Electrical Control Panel. |
|
|
|
|
No. of Employees
: |
50 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 46000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
latest financials are not made available with the government department. As per previous year’s record, the profitability of the company
appears to be low. Subject recorded modest scale of business operation. However, trade relations are reported to be fair. Business is active.
Payment are unknown. The company can be considered for business dealings with some
cautions. |
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. Ajay Kohli |
|
Designation : |
Director |
|
Contact No.: |
91-9811902010 |
|
Date : |
21.01.2013 |
LOCATIONS
|
Registered Office : |
206, Pankaj Tower-I, G-5, Commercial Complex, Vikaspuri, New
Delhi-110018, India |
|
Tel No.: |
91-11-45620856/45620857/65454780 |
|
Mobile No.: |
91-9811147688 [Mr. Ajay Kohli] |
|
Fax No.: |
91-11-45620858 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
O-18, Old Industrial Area, Bahadurgarh-124507, Haryana, India |
|
Tel No.: |
91-1276-244018 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ajay Kohli |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
House No. D-63, Ajay Enclave, Tilak Nagar, New Delhi-110018, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
15.11.1973 |
||||||||||||||||||||||||
|
Date of Appointment : |
28.02.2008 |
||||||||||||||||||||||||
|
Din No.: |
02064200 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Sanjana Ajay Kohli |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
House No. D-63, Ajay Enclave, Tilak Nagar, New Delhi-110018, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
12.02.1975 |
||||||||||||||||||||||||
|
Date of Appointment : |
28.02.2008 |
||||||||||||||||||||||||
|
Din No.: |
02064224 |
||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Kohli |
|
177800 |
|
Sanjana Ajay Kohli |
|
79500 |
|
Ramesh Chand Kohli |
|
90000 |
|
Anil Kohli |
|
20000 |
|
Manish Kumar |
|
12000 |
|
Yogender Singh |
|
8000 |
|
Kapil Lamba |
|
60000 |
|
Sudesh Lamba |
|
10000 |
|
Ram Murti Malhotra |
|
62500 |
|
Anuj Chawla |
|
50000 |
|
Alok Gupta |
|
10000 |
|
Vikram Malhotra |
|
20000 |
|
|
|
|
|
Total |
|
599800 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electrical Control Panel. |
|
|
|
|
Products : |
·
Relay Panels ·
Motor Control Centre ·
Distribution Boards ·
Power Control Centre ·
Bus Ducts and Rising Mains ·
Control and Relay Panels ·
Control Desks and Mimic Panels ·
Automatic Power Factor Correction Panels ·
AMF and Other Generator Panel ·
11 KV H.7 AMPRL |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
,Retailers and Others |
|||||||||||||||
|
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|
|||||||||||||||
|
No. of Employees : |
50 [Approximately] |
|||||||||||||||
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|
|||||||||||||||
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Bankers : |
|
|||||||||||||||
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|
|||||||||||||||
|
Facilities : |
Note: 1.
Term loan referred to above to the extent of
Rs.6.879 millions is primary secured by way of first charge of entire fixed
assets including equitable mortgage of land and building situated at O-18, Old
Industrial Area, Bahadurgarh, Haryana and personal guarantee of all the
directors. 2.
Cash credit loan referred to above to the extent
of Rs.5.919 millions is secured by hypothecation of all present and future
stock, raw material, packing materials, work in progress, finished goods
lying in the factory premises as well as in transit, stores and spares parts
relating to the plant and machinery, present and future book debts,
receivable and personal guarantee of all the directors. |
|
|
|
||||||
|
Banking
Relations : |
-- |
||||||
|
|
|
||||||
|
Auditors : |
|
||||||
|
Name : |
GSK and Associates Chartered Accountants |
||||||
|
Address : |
8, First Floor, Rani Jhansi Road, Motia Khan, Industrial Area, New
Delhi-110055, India |
||||||
|
Pan No.: |
AADFG5824B |
||||||
|
|
|
||||||
|
Sister Concern : |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
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 |
|
697300 |
Equity Shares |
Rs.10/- each |
Rs.6.973
Millions |
AS ON 30.09.2011
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 |
|
599800 |
Equity Shares |
Rs.10/- each |
Rs.5.998
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 |
5.998 |
5.998 |
2.500 |
|
|
2] Share Application Money |
4.500 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.203 |
0.797 |
0.009 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
11.701 |
6.795 |
2.509 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
13.938 |
15.759 |
7.704 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.348 |
|
|
TOTAL BORROWING |
13.938 |
15.759 |
8.052 |
|
|
DEFERRED TAX LIABILITIES |
0.678 |
0.317 |
0.074 |
|
|
|
|
|
|
|
|
TOTAL |
26.317 |
22.871 |
10.635 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
16.019 |
14.666 |
6.914 |
|
|
Capital work-in-progress |
2.346 |
1.114 |
1.588 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
15.433
|
9.526 |
1.546 |
|
|
Sundry Debtors |
5.880
|
4.154 |
3.603 |
|
|
Cash & Bank Balances |
0.652
|
0.432 |
0.493 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.734
|
0.839 |
0.663 |
|
Total
Current Assets |
22.699
|
14.951 |
6.305 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
10.843
|
3.596 |
3.373 |
|
|
Other Current Liabilities |
3.305
|
4.037 |
0.764 |
|
|
Provisions |
0.695
|
0.359 |
0.093 |
|
Total
Current Liabilities |
14.843
|
7.992 |
4.230 |
|
|
Net Current Assets |
7.856
|
6.959 |
2.075 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.096 |
0.132 |
0.058 |
|
|
|
|
|
|
|
|
TOTAL |
26.317 |
22.871 |
10.635 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
26.420 |
13.722 |
8.835 |
|
|
|
Other Income |
0.003 |
0.000 |
0.015 |
|
|
|
TOTAL (A) |
26.423 |
13.722 |
8.850 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
21.967 |
15.817 |
8.283 |
|
|
|
Manufacturing Expenses |
1.098 |
0.655 |
1.280 |
|
|
|
Excise Duty on Sales |
0.840 |
0.000 |
0.000 |
|
|
|
Sale Tax on Sales |
1.020 |
0.357 |
0.000 |
|
|
|
Payments to and for Employees |
2.012 |
2.047 |
0.000 |
|
|
|
Administrative and Other Expenses |
1.785 |
1.610 |
0.619 |
|
|
|
Increase / Decrease in Stock |
(5.907) |
(7.980) |
(1.546) |
|
|
|
TOTAL (B) |
22.815 |
12.506 |
8.636 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.608 |
1.216 |
0.214 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.159 |
0.758 |
0.055 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.449 |
0.458 |
0.159 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.522 |
0.298 |
0.055 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
0.927 |
0.160 |
0.104 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.521 |
0.271 |
0.095 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.406 |
(0.111) |
0.009 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.406 |
(0.111) |
0.009 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.67 |
(0.18) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.54
|
(0.81) |
0.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.51
|
1.17 |
1.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.39
|
0.54 |
0.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.02 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.46
|
3.50 |
4.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53
|
1.87 |
1.49 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FORM 8
|
Corporate
identity number of the company |
U31401DL2008PTC174713 |
|
Name of the
company |
KARYTRON ELECTRICALS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
206, Pankaj Tower-I, G-5, Commercial Complex, Vikaspuri, New Delhi-110018,
India Email ID : mca@gskassociates.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10156248 |
|
Type of charge |
·
Immovable
property ·
Movable
property (not being pledge) ·
Others |
|
Particular of
charge holder |
Punjab National Bank, Railway Road, Bahadurgarh-124507, Haryana, India
Email ID : mca@gskassociates.com |
|
Nature of instrument
creating charge |
Hypothecation of
assets to secure term loan dated 16.06.2012 term loan
agreement dated 16.06.2012 |
|
Date of
instrument Creating the charge |
16.06.2012 |
|
Amount secured by
the charge |
Rs. 5.127
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest As per original
agreement Terms of repayment As per original
agreement Margin Plant and
machinery= 25% Building= 25% Extent and operation of the charge Personal
guarantee of the directors |
|
Short particulars
of the property charged (Including location of the property) |
Primary
Security: Plant and machinery financed Collateral security: industrial
prorperty bearing no. O-18, old industrial area, delhi-rohtak road,
bahadurgarh, haryana-124507 flat no. D-64, First floor, right side, measuring
100 sq.yds out of total 200 sq.yds situated at ajay enclave, village tihar,
new delhi-110018 Personal Guarantee: Shree. Ajay Kohli, Smt. Sanjana Kohli,
Shree. Ramesh Chander Kohli |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. If yes, in whose
name it is registers |
Yes Ajay Kohli and
Sanjana Kohli |
|
Date of
instrument modifying the charge |
12.03.2009 |
|
Particulars of
the present modification |
Term Loan has
been reviewed with its present outstanding of Rs. 5.127 Millions |
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.53.77 |
|
|
1 |
Rs.85.13 |
|
Euro |
1 |
Rs.71.56 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.