MIRA INFORM REPORT
|
Report Date : |
01.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHIVAS PROJECTS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
MB-1A, Patparganj Road, Shakarpur, New Delhi – 110091 |
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|
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|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
17.03.1994 |
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|
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|
Com. Reg. No.: |
55-057912 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.231
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1994PTC057912 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Absorbers Towers, Fume Exhaust System,
Fume Extraction System, Fume hood and Duet Work. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 14000 |
|
|
|
|
Status : |
Small Company |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a small company in its field. Its scale of activities are
limited. There appears slight dip in the sales turnover as well as net
profitability during 2012. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for small 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Pawan Kohli |
|
Designation : |
Director |
|
Contact No.: |
91-9810280304 |
|
Date : |
24.06.2013 |
LOCATIONS
|
Registered Office : |
MB-1A, Patparganj Road, Shakarpur, New Delhi – 110091, India |
|
Tel. No.: |
91-120-2867115 |
|
Mobile No.: |
91-9810280304 (Mr. Pawan Kohli) |
|
Fax No.: |
91-120-4133966 |
|
E-Mail : |
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|
|
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|
Factory : |
C-71/7, Site-1, B. S. Road Industrial Area, Near Loha Mandi, Ghaziabad - 201009, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2867115/ 2866986/ 6545666 |
|
Fax No.: |
91-120-4133966 |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Pawan Kohli |
|
Designation : |
Director |
|
Address : |
SA – 60, Shastri Nagar, Ghaziabad – 201002, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.05.1964 |
|
Date of Appointment : |
17.03.1994 |
|
DIN No.: |
00030116 |
|
|
|
|
Name : |
Ms. Poonam Kohli |
|
Designation : |
Director |
|
Address : |
SA – 60, Shastri Nagar, Ghaziabad – 201002, Uttar Pradesh, India |
|
Date of Birth/Age : |
27.11.1967 |
|
Date of Appointment : |
24.09.2011 |
|
DIN No.: |
03604118 |
|
|
|
|
Name : |
Mr. Rajeev Aggarwal |
|
Designation : |
Director |
|
Address : |
KF – 131, Kavi Nagar, Ghaziabad – 201002, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.06.1960 |
|
Date of Appointment : |
14.09.1995 |
|
DIN No.: |
01089011 |
MAJOR SHAREHOLDERS
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Pawan Kohli |
|
1550 |
|
Poonam Kohli |
|
760 |
|
Total |
|
2310 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Absorbers Towers, Fume Exhaust System,
Fume Extraction System, Fume hood and Duet Work. |
|
|
|
|
Exports : |
|
|
Products : |
Absorbers Towers, Fume Exhaust System, Fume Extraction System, Fume
hood and Duet Work |
|
Countries : |
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|
|
|
Imports : |
|
|
Products : |
Raw Material |
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Countries : |
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|
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Terms : |
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Selling : |
L/C, Cash and Credit (30/ 60 Days) |
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|
|
|
Purchasing : |
L/C, Cash and Credit (30/ 60 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
Punjab National Bank, Branch Kavi Nagar, Kavi Nagar, Ghaziabad - 201001, Uttar Pradesh, India |
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Facilities : |
(Rs.
In Millions)
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|
|
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Banking
Relations : |
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|
|
|
Auditors : |
|
|
Name : |
R. K. Kalra and Company Chartered Accountants |
|
Address : |
B-10, R.D.C., Raj Nagar, Ghaziabad - 201002, Uttar Pradesh, India |
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E-Mail : |
|
|
PAN No.: |
ABAPK7438D |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2310 |
Equity Shares |
Rs.100/-
each |
Rs.0.231
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.231 |
0.231 |
|
(b) Reserves & Surplus |
|
3.307 |
2.797 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
3.538 |
3.028 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3.832 |
0.171 |
|
(b) Deferred tax liabilities (Net) |
|
0.407 |
0.410 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
4.239 |
0.581 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
1.971 |
1.754 |
|
(b) Trade payables |
|
3.312 |
2.199 |
|
(c) Other current
liabilities |
|
3.615 |
2.256 |
|
(d) Short-term
provisions |
|
0.237 |
0.396 |
|
Total Current
Liabilities (4) |
|
9.135 |
6.605 |
|
|
|
|
|
|
TOTAL |
|
16.912 |
10.214 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
5.046 |
1.974 |
|
(i) Tangible assets |
|
0.000 |
0.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.019 |
0.019 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
5.065 |
1.993 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
4.245 |
0.859 |
|
(c) Trade receivables |
|
6.658 |
6.755 |
|
(d) Cash and cash
equivalents |
|
0.557 |
0.296 |
|
(e) Short-term loans
and advances |
|
0.387 |
0.311 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
11.847 |
8.221 |
|
|
|
|
|
|
TOTAL |
|
16.912 |
10.214 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.231 |
|
|
2] Share Application Money |
|
|
1.961 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.192 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.302 |
|
|
2] Unsecured Loans |
|
|
0.171 |
|
|
TOTAL BORROWING |
|
|
0.473 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.407 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.072 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.935 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.348 |
|
|
Sundry Debtors |
|
|
2.959 |
|
|
Cash & Bank Balances |
|
|
0.578 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.292 |
|
Total
Current Assets |
|
|
5.177 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1.021 |
|
|
Other Current Liabilities |
|
|
2.896 |
|
|
Provisions |
|
|
0.123 |
|
Total
Current Liabilities |
|
|
4.040 |
|
|
Net Current Assets |
|
|
1.137 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.072 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
20.065 |
25.782 |
13.526 |
|
|
|
Other Income |
0.024 |
0.005 |
0.307 |
|
|
|
TOTAL (A) |
20.089 |
25.787 |
13.833 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
15.174 |
|
13.296 |
|
|
|
Changes in Inventories of Finished Goods and Stock-in-Trade |
(2.133) |
0.037 |
|
|
|
|
Employee benefit Expense |
4.327 |
3.032 |
|
|
|
|
Other Expenses |
1.721 |
2.554 |
|
|
|
|
TOTAL
(B) |
19.089 |
24.383 |
13.296 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.000 |
1.404 |
0.537 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.068 |
0.006 |
0.025 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.932 |
1.398 |
0.512 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.188 |
0.164 |
0.147 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.744 |
1.234 |
0.365 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.234 |
0.398 |
0.118 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.510 |
0.836 |
0.247 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
1.397 |
1.064 |
0.932 |
|
|
TOTAL EARNINGS |
1.397 |
1.064 |
0.932 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
220.95 |
361.74 |
106.93 |
|
%20PRIVATE%20LIMITED%20-%20224704%2001-Jul-2013_files/image001.gif){kind=small}
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
24.000 |
|
|
|
|
|
Expected Sales (2013-14) : Rs.30.000 Millions
The above information has been parted by Mr. Pawan Kohli.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.54
|
3.24 |
1.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.71
|
4.79 |
2.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.40
|
12.08 |
5.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.41 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.64
|
0.64 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30
|
1.24 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
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 |
No |
OPERATIONS:
The company could achieve sales turnover of Rs. 20.065 Millions as against sales turnover of Rs. 25.782 Millions in the immediately preceding financial year 2010-11.
FINANCIAL RESULTS:
During the Year, the company earned net profit of Rs. 0.510 Millions after Provision for Income-Tax and Deferred Tax as against net profit of Rs. 0.836 Millions in the immediately preceding financial year 2009-10. The Net Profit for the year after provision for Income-Tax and Deferred Tax along with brought forward profits of Rs. 2.797 Millions amounting to Rs. 3.307 Millions has been transferred to Balance Sheet.
UNSECURED LOAN:
(Rs. in Millions)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
From Director |
2.174 |
0.000 |
|
From Others |
1.658 |
0.171 |
|
Total |
3.832 |
0.171 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74899DL1994PTC057912 |
|
Name of the
company |
SHIVAS PROJECTS (INDIA)
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
MB-1A Patpar
Ganj Road, Shakarpur, New Delhi, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10345479 |
|
Type of charge |
|
|
Particular of
charge holder |
Punjab National Bank,
Branch Kavi Nagar, Ghaziabad - 201001, Uttar Pradesh, India |
|
Nature of
instrument creating charge |
Hypothecation of
Goods and Book Debts to Secure Cash Credit facility Dt.12-10-2012 |
|
Date of
instrument Creating the charge |
12.10.2012 |
|
Amount secured by
the charge |
Rs.3.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest The Rate of
Intt. shall be chargeable as per HO/RBI Guidelilines from
time to time. Presently the same is @
14% per annum with monthly rests. Terms of Repayment Loan Renewal
Annually and Payable on Demand. Margin 25% Against
Stocks 40% Against Book
Debts Extent and Operation of the charge 100% |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
|
|
Particulars of
the present modification |
-The Cash Credit
(Hypo. of Stock) and Book Debts Limit now enhanced to Rs.3.000 Millions from
Rs.1.500 Millions. -The CC (Hypo. of
Stock and B/D) limit of Rs.3.000 Millions Shall also be Secured by entire
fixed/block/current assets of the Company including trade receivable etc. -Loan Renewal
Annually and Payable on Demand. |
FIXED ASSETS:
- Building
- Plant and Machinery
- Diesel Generating Set
- Electric Fittings
- Furniture and Fixtures
- Office Equipments
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.59.70 |
|
|
1 |
Rs.91.14 |
|
Euro |
1 |
Rs.77.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.