MIRA INFORM REPORT
|
Report Date : |
11.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
TORSA MACHINES LIMITED |
|
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|
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Registered
Office : |
Export Promotion Industrial Park, Amingaon, Guwahati - 781031, Assam |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
10.12.1998 |
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Com. Reg. No.: |
02-005610 |
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Capital Investment
/ Paid-up Capital : |
Rs. 6.680 Millions |
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CIN No.: [Company Identification
No.] |
U29299AS1998PLC005610 |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Supplier of heavy Equipment, Law Crushers, Cone Crushers, Vibrating Screen, Vibro Feeder, Crushing Machine, Crushers Jaw Machine, Rock Crusher ore Crusher Machinery, etc. |
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|
|
|
No. of Employees
: |
50 (Approximately) |
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 300000 |
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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 an established company having a satisfactory track record. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 (GENERAL DETAILS)
|
Name : |
Mr. Raj Kumar More |
|
Designation : |
Director |
|
Contact No.: |
91-9954133555 |
|
Date : |
10.07.2013 |
LOCATIONS
|
Registered Office / Factory : |
Export Promotion Industrial Park, Amingaon, Guwahati -
781031, Assam, India |
|
Tel. No.: |
91-361-2682741 / 742 / 743 / 2682326 |
|
Mobile No.: |
91-9954133555 (Mr. Raj Kumar More) |
|
Fax No.: |
91-361-2682326 |
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E-Mail : |
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|
Website : |
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|
Area : |
4500 sq. ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
8, Camac Street, 10/4 Shantineketan, Kolkata-700 017, West Bengal, India |
|
Tel. No.: |
91-33-40067838 |
|
Fax No.: |
91-33-40067836 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Gopi Krishna More |
|
Designation : |
Director |
|
Address : |
Hatigarh Chariali, F 2, Rudalee Apartment, Guwahati, Kamrur – 781024,
Assam, India |
|
Date of Birth/Age : |
05.09.1973 |
|
Date of Appointment : |
30.09.2005 |
|
DIN No.: |
00640815 |
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|
|
|
Name : |
Mr. Raj Kumar More |
|
Designation : |
Director |
|
Address : |
Flat No. 903, E-Block, Spanish Garden R.G. Barua Road, Guwahati,
Kampur – 781005, Assam, India |
|
Date of Birth/Age : |
27.08.1950 |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
01917149 |
|
|
|
|
Name : |
Mrs. Prava Devi More |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
G-2, Rodali Appartment Zoo Narangi Road, Guwahati, Kampur – 781024,
Assam, India |
|
Date of Birth/Age : |
22.10.1956 |
|
Date of Appointment : |
25.01.2010 |
|
DIN No.: |
01917189 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Gopi Krishna More |
|
202500 |
|
Raj Kumar More |
|
237500 |
|
Prava Devi More |
|
140000 |
|
Raj Kumar More and Sons |
|
16000 |
|
Gopi Krishna More and Sons (HUF) |
|
2000 |
|
Metalmen Overseas, India |
|
60000 |
|
Alishan Estates Private Limited, India |
|
6000 |
|
Highrank Infrastructures, Private Limited, India |
|
4000 |
|
Total |
|
668000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
1.49 |
|
Directors or relatives of Directors |
86.83 |
|
Other top fifty shareholders |
11.68 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of heavy Equipment, Jaw
Crushers, Cone Crushers, Vibrating Screen, Vibro Feeder, Crushing Machine,
Crushers Jaw Machine, Rock Crusher ore Crusher Machinery, etc. |
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Products : |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
PRODUCTION STATUS (As on 31.3.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
|
Jaw Crusher |
MT |
588.000 |
540.000 |
|
Vibrating Screen |
MT |
145.000 |
136.000 |
|
Hopper, Feeder and Grizzly Feeder |
MT |
108.000 |
102.000 |
|
Conveyor System |
MT |
158.000 |
150.000 |
|
Rotary Screen (Screening Equipment) |
MT |
52.000 |
45.000 |
|
Particulars |
Unit |
Actual
Production |
|
Accessories of Conveyor System |
Set |
29 |
|
Accessories of Screening Equipment |
Set |
20 |
|
Accessories of Stone Crusher |
Set |
324 |
|
Accessories of Vibrating Screen |
Set |
5 |
|
Conveyor System |
Set |
68 |
|
Feeder |
Set |
16 |
|
Scrap |
Kgs |
75082 |
|
Screening Equipment |
Set |
30 |
|
Spare Parts |
Set |
1 |
|
Vibrating Screen |
Set |
20 |
|
Stone Crusher Machine |
Set |
104 |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
|
|
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Banking
Relations : |
--- |
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|
|
|
Financial Institutions : |
North Eastern Development Finance Corporation Limited,
IDBI Building G S Road, Guwahati - 781005, Assam, India |
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|
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Auditors : |
|
|
Name : |
Khaitan Agarwal And Company Chartered Accountants |
|
Address : |
Sanmati Plaza, 2nd Floor, G.S. Road, Guwahati – 781005,
Assam, India |
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Tel. No.: |
91-361-2458663 |
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Fax No.: |
91-361-2458997 |
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E-Mail : |
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PAN No.: |
AAJFK8468P |
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Enterprises which
are controlled by or in which there exist substantial interest of the Key
Managerial Persons or their relatives : |
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
668000 |
Equity Shares |
Rs.10/- each |
Rs.6.680
Millions |
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|
|
|
|
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 |
|
6.680 |
6.580 |
|
(b) Reserves & Surplus |
|
69.137 |
58.067 |
|
(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) |
|
75.817 |
64.647 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1.839 |
1.747 |
|
(b) Deferred tax liabilities (Net) |
|
0.213 |
0.165 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
2.052 |
1.912 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
32.670 |
13.519 |
|
(b) Trade payables |
|
47.527 |
23.111 |
|
(c) Other current liabilities |
|
35.564 |
27.826 |
|
(d) Short-term
provisions |
|
2.603 |
1.636 |
|
Total Current
Liabilities (4) |
|
118.364 |
66.092 |
|
|
|
|
|
|
TOTAL |
|
196.233 |
132.651 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
18.079 |
15.320 |
|
(ii) Intangible Assets |
|
4.011 |
0.668 |
|
(iii) Capital
work-in-progress |
|
0.000 |
2.238 |
|
(iv)
Intangible assets under development |
|
2.979 |
0.000 |
|
(b) Non-current Investments |
|
0.044 |
0.014 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.448 |
0.450 |
|
Total Non-Current
Assets |
|
25.561 |
18.690 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
16.686 |
14.405 |
|
(b) Inventories |
|
74.914 |
60.924 |
|
(c) Trade receivables |
|
9.100 |
18.221 |
|
(d) Cash and cash
equivalents |
|
19.921 |
13.213 |
|
(e) Short-term loans
and advances |
|
39.220 |
3.487 |
|
(f) Other current
assets |
|
10.831 |
3.711 |
|
Total Current Assets |
|
170.672 |
113.961 |
|
|
|
|
|
|
TOTAL |
|
196.233 |
132.651 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
6.580 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
52.638 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
59.218 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
30.009 |
|
|
2] Unsecured Loans |
|
|
0.164 |
|
|
TOTAL BORROWING |
|
|
30.173 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
89.391 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
16.741 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.014 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
45.445 |
|
|
Sundry Debtors |
|
|
10.194 |
|
|
Cash & Bank Balances |
|
|
30.723 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
19.369 |
|
Total
Current Assets |
|
|
105.731 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
16.634 |
|
|
Other Current Liabilities |
|
|
16.387 |
|
|
Provisions |
|
|
0.074 |
|
Total
Current Liabilities |
|
|
33.095 |
|
|
Net Current Assets |
|
|
72.636 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
89.391 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
194.461 |
150.415 |
108.842 |
|
|
|
Other Operating Income |
6.800 |
4.248 |
|
|
|
|
Other Income |
1.260 |
1.063 |
|
|
|
|
TOTAL (A) |
202.521 |
155.726 |
358.247 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
147.389 |
103.931 |
|
|
|
|
Conversion and Other Manufacturing Cost |
5.371 |
5.317 |
|
|
|
|
Purchases |
5.614 |
2.496 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock in trade |
(9.631) |
0.352 |
344.739 |
|
|
|
Employee benefit expense |
19.264 |
14.828 |
|
|
|
|
Other expenses |
17.282 |
15.545 |
|
|
|
|
Extraordinary items |
(0.046) |
(0.133) |
|
|
|
|
TOTAL (B) |
185.243 |
142.336 |
344.739 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.278 |
13.390 |
13.508 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
3.509 |
1.367 |
4.687 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.769 |
12.023 |
8.821 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.588 |
3.420 |
2.652 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.181 |
8.603 |
6.169 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.012 |
3.173 |
0.060 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6.169 |
5.430 |
6.109 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
38.961 |
33.531 |
27.422 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
45.130 |
38.961 |
33.531 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.38 |
8.25 |
9.28 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.05
|
3.49 |
1.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.72
|
5.72 |
5.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.75
|
6.60 |
5.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.13 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.46
|
0.24 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44
|
1.72 |
3.19 |
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 |
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 |
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 |
CONTINGENT
LIABILITIES
Rs. In Millions
|
Particular |
31.03.212 |
31.03.2011 |
|
(a) Contingent Liabilities |
|
|
|
(i) Claims against the company not acknowledged as debt |
4.230 |
4,230 |
|
(ii) Guarantees |
1.428 |
0.700 |
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U29299AS1998PLC005610 |
|
Name of the
company |
TORSA MACHINES
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Export Promotion Industrial Park, Amingaon, Guwahati - 781031, Assam, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10205690 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Indusind Bank Limited, 24,Park Street, Kolkata - 700016, West Bengal, India |
|
Nature of instrument
creating charge |
Memorandum of
Entry dated 27.06.2012 |
|
Date of
instrument Creating the charge |
27.06.2012 |
|
Amount secured by
the charge |
Rs.37.500
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate + 4%
(Presently base rate is 10.75%) Terms of Repayment As specified by
the bank in sanction letter Extent and Operation of the charge First and
exclusive charge on the Fixed Assets of the company where WDV as on
31.03.2010 is Rs.16.741 Millions. However the Fixed Assets also includes
factory Land and Building with WDV of Rs. 3.629 Millions where first charge
is of Assam Industrial Development Corporation limited Second Charge on the
mortgage property. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First and exclusive charge on the Fixed Assets of the company where WDV as on 31.03.2010 is Rs.16.741 Millions. However the Fixed Assets also includes factory Land and Building with WDV of Rs. 3.629 Millions where first charge is of M/s. Assam Industrial Development Corporation Limited Equitable Mortgage- Lessee of a plot of land measuring 1500SQM covered by the dag no. 275 and 306 at Numalijilah, District silasundarighopa, circle North Guwahati, District- Kumrup, situated within EPIP complex, Amingaon, Guwahati 781031 includes factory, land and building. |
|
Particulars of
the present modification |
By this
modification, the credit facility of Rs. 37.500 Millions. Other term and
condition remain unchanged. |
FIXED ASSETS
- Land
- Building
- Plant and Equipment
- Patterns
- Electrical and Fixtures
- Office Equipment
- Company
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.60.13 |
|
|
1 |
Rs.89.52 |
|
Euro |
1 |
Rs.76.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.