|
Report Date : |
28.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
MARKS PRYOR MARKING TECHNOLOGY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gat No. 135, Pirangut, Taluka: Mulshi, Pune- 412108,
Maharashtra |
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.08.2005 |
|
|
|
|
Com. Reg. No.: |
25-021118 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2005PTC021118 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEM10088B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the business of providing total solution in the
field of Metal Indentation Marking Arena. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 417000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record.
Performance capacity of the company seems to be good. Trade relations are reported
to 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 |
CRISIL |
|
Rating |
BB (Cash credit) |
|
Rating Explanation |
Having moderate risk of default regarding
timely servicing of financial obligation |
|
Date |
January, 2013 |
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 / Corporate Office : |
Gat No. 135, Pirangut, Taluka: Mulshi, Pune- 412108,
Maharashtra, India |
|
Tel. No.: |
91-20-66743300 / 01 / 06 / 07 |
|
Fax No.: |
91-20-66743327 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 27.09.2012
|
Name : |
Mr. Dhiren Vijaykumar Gupte |
|
Designation : |
Managing director |
|
Address : |
Flat No. J-302, Amod Ankur, Near Mantri Park, Kothurd, Pune-411052,
Maharashtra, India |
|
Date of Birth/Age : |
02.08.1965 |
|
Date of Appointment : |
08.08.2005 |
|
DIN No.: |
00518364 |
|
|
|
|
Name : |
Ms. Geeta Dhiren Gupte |
|
Designation : |
Director |
|
Address : |
Flat No. J-302, Amod Ankur, Near Mantri Park, Kothurd, Pune-411052, Maharashtra,
India |
|
Date of Birth/Age : |
30.07.1969 |
|
Date of Appointment : |
08.08.2005 |
|
DIN No.: |
00518397 |
|
|
|
|
Name : |
Neil Andrew |
|
Designation : |
Director |
|
Address : |
59 Den Bank Drive Sheffield S10 5PF |
|
Date of Birth/Age : |
07.02.1964 |
|
Date of Appointment : |
12.08.2005 |
|
DIN No.: |
00596817 |
|
|
|
|
Name : |
Mr. John Joseph Tissiman |
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Designation : |
Director |
|
Address : |
Shreelane Hunters Ride Lawnswood Stour Bridge DY7 5QN |
|
Date of Birth/Age : |
16.11.1937 |
|
Date of Appointment : |
12.08.2005 |
|
DIN No.: |
01564484 |
|
|
|
|
Name : |
Mr. Vijaykumar Vitthal Gupte |
|
Designation : |
Director |
|
Address : |
FL No. A-7, 1st Floor, Govind Apartment, Sinhgad Road,
Anand Nagar, Pune-411051, Maharashtra, India |
|
Date of Birth/Age : |
15.05.1941 |
|
Date of Appointment : |
12.08.2005 |
|
DIN No.: |
01730209 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dhiren Vijaykumar Gupte |
|
39300 |
|
Geeta Dhiren Gupte |
|
700 |
|
Edward Pryor and Sons Limited, England |
|
40000 |
|
Total |
|
80000 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Directors or relatives of Directors |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of providing total solution in the
field of Metal Indentation Marking Arena. |
GENERAL INFORMATION
|
Customers : |
·
Wipro ·
Amul Industries (Private) Limited ·
Bajaj ·
Kalyani ·
TVS ·
Carraro ·
Dana ·
Escorts ·
Greaves ·
Mahindra ·
Turbo Technologies ·
Ashok Leyland ·
Crompton Greaves ·
Godrej ·
Hyundai |
||||||||||||
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|
||||||||||||
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No. of Employees : |
Not Available |
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Bankers : |
Bank of
Maharashtra, Tilak Road Branch, S.P.College Compound, Tilak Road, Pune - 411030,
Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Shah Baldota and Company Chartered Accountants |
|
Address : |
2A, Gangotri Complex, 927, Synagogue Street, Pune- 411001,
Maharashtra, India |
|
Tel. No.: |
91- 20-26134610 |
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Website : |
|
|
PAN No.: |
AASFS1295D |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000 |
Equity Shares |
Rs.100/- each |
Rs. 8.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000 |
Equity Shares |
Rs.100/- each |
Rs. 8.000 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 |
8.000 |
8.000 |
8.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
96.281 |
70.444 |
47.820 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
104.281 |
78.444 |
55.820 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
44.902 |
42.509 |
32.352 |
|
|
2] Unsecured Loans |
0.981 |
0.000 |
13.363 |
|
|
TOTAL BORROWING |
45.883 |
42.509 |
45.715 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
150.164 |
120.953 |
101.535 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
47.102 |
36.667 |
31.236 |
|
|
Capital work-in-progress |
1.295 |
0.265 |
2.530 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.860 |
0.999 |
0.419 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
63.596
|
39.105 |
28.273 |
|
|
Sundry Debtors |
138.677
|
115.212 |
77.962 |
|
|
Cash & Bank Balances |
10.494
|
3.651 |
1.822 |
|
|
Other Current Assets |
0.249
|
6.068 |
0.170 |
|
|
Loans & Advances |
9.367
|
4.314 |
28.523 |
|
Total
Current Assets |
222.383
|
168.350 |
136.750 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
78.263
|
62.085 |
32.109 |
|
|
Other Current Liabilities |
30.452
|
13.321 |
8.118 |
|
|
Provisions |
12.761
|
9.922 |
29.173 |
|
Total
Current Liabilities |
121.476
|
85.328 |
69.400 |
|
|
Net Current Assets |
100.907
|
83.022 |
67.350 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
150.164 |
120.953 |
101.535 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
261.500 |
206.700 |
137.000 |
|
|
|
Service Income |
5.800 |
NA |
8.500 |
|
|
|
Other Income |
1.300 |
NA |
0.134 |
|
|
|
TOTAL |
268.600 |
NA |
145.634 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
25.800 |
22.600 |
17.100 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
41.912 |
NA |
13.321 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material and Component |
NA |
NA |
7.431 |
|
|
TOTAL IMPORTS |
NA |
NA |
7.431 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
322.50 |
282.50 |
214.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
9.61
|
NA |
11.74 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.60
|
1.63 |
2.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.83
|
1.97 |
1.97 |
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 |
No |
|
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 |
OPERATIONS
During the year, the Company achieved a turnover of
Rs.270.900 millions as compared to Rs. 206.700 millions during the previous
year. The current year’s turnover comprises of Sales of Rs.261.500
millions (domestic plus exports less excise duty), Service Income of Rs. 5.800
millions and other income of Rs. 1.300 millions.
After charging all expenses, the Company earned a post-tax
profit of Rs. 25.800 millions as compared to the profit of Rs. 22.600 millions
during the previous year. The entire amount of profit is carried to balance
sheet.
The
directors are looking forward to better prospects and are hopeful of better
performance during the current year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
From other parties |
0.981 |
0.000 |
|
Total |
0.981
|
0.000
|
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U29299PN2005PTC021118 |
|
Name of the company |
MARKS PRYOR MARKING TECHNOLOGY PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Gat No. 135, Pirangut, Taluka: Mulshi, Pune- 412108, Maharashtra,
India |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
80028677 |
|
Type of charge |
|
|
Particular of charge holder |
Bank of Maharashtra, Tilak Road Branch, S.P.College Compound, Tilak
Road, Pune - 411030, Maharashtra, India Email: brmgr41@mahabank.co.in
|
|
Nature of instrument creating charge |
Comosite deed of hypothecation for all facilities; Memorandum of record of extension/additional security by way of
equitable mortgage; Both constitute a singlr charge. |
|
Date of instrument Creating the charge |
07.12.2012 |
|
Amount secured by the charge |
Rs. 154.700 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest C.C./T.L.- B.R.+ 3.50% i.e. 14% p.a. at present as per RBP norms. Terms of Repayment C.C.- Review Annual. T.L. New-in 60 monthly installment of Rs. 0.334 millions each w.e.f.
April 2013 to March 2018. ( Moratorium 6 months). B.G.- Review Annual. Existing limits- Unaltered. Margin C.C./T.L. New- 25%; B.G/L.C.- 10% in term deposits. Existing limits- Unaltered. Extent and Operation of the charge First Charge- Cash Credit- Rs. 85.000 Millions.( enhancement from Rs. 50.000
Millions .) Term Loan- NEW- Rs. 20.000 Millions Term Loan- Rs. 9.700 Millions Term Loan 2- Rs. 5.000 Millions. L.C.- Rs. 10.000 Millions.( enhancement from Rs. 5.000 millions .) B.G.- Rs. 25.000 Millions.( enhancement from Rs. 20.000 Millions .) Total- Rs. 154.700 Millions. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
C.C.- Hypothecation of
inventory and receivables , whereever situated; Term Loan-
Existing-unaltered; Letter of Credit- goods purchased under L.C. whereever situated. Term Loan New-
Machinery. Mortgage of Property at Flat no. 11, Swaroop Co-Op. Housing Society
Limited, CTS No. 130, Erandawane gavathan, Taluka Haveli, Dist. Pune together
with fittings and fixtures annexed thereto Mortgage of Property at Gat No. 135 and 137, Village Pirangut, Tal.
Mulshi, Dist. Pune together with building structures standing thereon and to
be constructed thereon. Existing limits- Unaltered. |
|
Particulars of the present modification |
C.C. limits have been enhanced from Rs.500 lacs to Rs.85.000 millions.
Bank Guarantee limits have been enhanced from Rs.20.000 millions to Rs.25.000
millions. new Term Loans of Rs.20.000 millions is granted. L.C.limits have been
enhanced from Rs.5.000 millions to Rs.10.000 millions. Term Loan of Rs.8.800
millions is closed. thus Total Credit facilities stand increased from
Rs.98.500 millions to Rs.163.500 millions. |
FIXED ASSETS
v
Tangible Assets
·
Building – Factory
·
Building – Guest House
·
Land – Factory
·
Plant and Machinery
·
Electrical Installation
·
Office Equipments
·
Computer
·
Furniture and Fixture
·
Vehicles
·
Patterns (Moulds)
v
Intangible Assets
·
Goodwill
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.53.85 |
|
|
1 |
Rs.82.26 |
|
Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.