MIRA INFORM REPORT
|
Report Date : |
20.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
WIN PENS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Suite No. 13, 1st Floor, Karnani Estate, 209, A. J. C. Bose
Road, Kolkata – 700017, West Bengal |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
26.03.2007 |
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|
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Com. Reg. No.: |
21-114644 |
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Capital
Investment / Paid-up Capital : |
Rs. 15.305 Millions |
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|
|
CIN No.: [Company Identification
No.] |
U51909WB2007PTC114644 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Corporate Pens, Ink Pens, Ball Pens, Gel
Pens, Highlighters, Mechanical Pencils, Other Writing Instruments. |
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|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 212000 |
|
|
|
|
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 satisfactory track record. The company has seen a better growth in its sales turnover as well as
net profitability during 2012. Trade relations are fair. Business is active. Payment terms are
usually correct. 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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 INFORMATION)
|
Name : |
Mr. Sunil Saraf |
|
Designation : |
Sales and Marketing Manager |
|
Contact No.: |
91-9920172723 |
|
Date : |
12.07.2013 |
LOCATIONS
|
Registered Office / Factory: |
Suite No. 13, 1st Floor, Karnani Estate, 209, A. J. C. Bose
Road, Kolkata – 700017, West Bengal, India |
|
Tel. No.: |
91-33-30285009 / 6634 / 7332 / 30285011 / 30285010 |
|
Mobile No.: |
91-9920172723 (Mr. Sunil Saraf) |
|
Fax No.: |
91-33-30285008 |
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E-Mail : |
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|
Website : |
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|
Area : |
4500 sq. ft |
|
Location : |
Owned |
DIRECTORS
As on : 29.09.2012
|
Name : |
Mr. Naresh Kumar Jalan |
|
Designation : |
Director |
|
Address : |
DB – 124, 2nd Floor, Sector – I, |
|
Date of Birth/Age : |
17.08.1963 |
|
Date of Appointment : |
26.03.2007 |
|
PAN No.: |
ACRPJ8748F |
|
DIN No.: |
00986219 |
|
|
|
|
Name : |
Mr. Manish Jalan |
|
Designation : |
Director |
|
Address : |
DB 124, 2nd Floor, Sector – I, |
|
Date of Birth/Age : |
20.07.1979 |
|
Date of Appointment : |
26.03.2007 |
|
Voter ID No.: |
DPDO689384 |
|
DIN No.: |
00986257 |
|
|
|
|
Name : |
Mr. Sushil Kumar Bubna |
|
Designation : |
Director |
|
Address : |
Flat No. 3B, 3rd Floor, Parima Fa – 2, Desh Bandhu Nagar,
Gagui Kolkata – 700059, West Bengal, India |
|
Date of Birth/Age : |
17.06.1977 |
|
Date of Appointment : |
02.05.2007 |
|
PAN No.: |
APQPB6979N |
|
DIN No.: |
01445179 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Jalan Kumar Naresh |
732000 |
|
Jalan Manish |
492500 |
|
Jalan Ramawatar |
1000 |
|
Jalan Devi Santosh |
1000 |
|
Jalan Pradeep |
4000 |
|
Jalan Anuja |
1000 |
|
Jalan Vandana |
1000 |
|
Jalan Saroj |
1000 |
|
Manish Jalan (HUF) |
1000 |
|
Naresh Jalan (HUF) |
132500 |
|
Bubna Kumar Sushil |
42500 |
|
(Minor) Jalan Vaibhav |
23000 |
|
(Minor) Jalan Nakul |
34000 |
|
Sanchit Vayapaar Private Limited, |
64000 |
|
Total |
1530500 |
Equity Share Break up (Percentage of Total Equity)
As on : 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
4.18 |
|
Directors or relatives of Directors |
95.82 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Corporate Pens, Ink Pens, Ball Pens, Gel
Pens, Highlighters, Mechanical Pencils, Other Writing Instruments. |
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Products : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
Indian Overseas Bank, Lansdowne Market Branch, 63/1a, |
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Facilities : |
Rs in Millions
Notes : 1. Car Loan from Axis Bank Nature of
security: Hypothecation of Car of the company Repayment terms: Repayable in
equated monthly installments upto a 3 year period from the date of respective
loan. These are repayable by 2014-15 and carry an interest rate of 11.10% p.a
(on a monthly reducing basis) 2. Car Loan from
HDFC Bank Nature of
security: Hypothecation of Car of the company Repayment terms: Repayable in
equated monthly installments upto a 3 year period from the date of respective
loan. These are repayable by 2013-14 carry an interest rate of 8.00% p.a (on
a monthly reducing basis). 3. Cash credit
facility Cash Credit Facility from Indian Overseas Bank of Rs. 10.000 Millions
(Previous Year Rs. 9.800 Millions, rate of interest for CC is Base Rate +
2.25% p.a. floating Nature of Security: secured by hypothecation of stock of
raw materials, semi finished goods, finished goods, goods in transit both
present and future and Equitable Mortgage on factory Land and building and
personal guarantee of the directors and their relatives. 4. Foreign
Currency Loan Foreign Currency loan is been obtained from HSBC Limited (Mauritius)
for USD 67,700 during the current year repayable within 180 days at an interest
rate of 1.35% p.a. over LIBOR to be reset every three months. The principal
amount of the loan is to be repaid in due date Nature of
Security: Secured by bank guarantee given by Indian Overseas Bank on behalf of
us. The said bank guarantee is against a fixed deposit of Rs 3.600 Millions with Indian Overseas
Bank |
|
|
|
|
Auditors : |
|
|
Name : |
Bhalotia Associates Chartered Accountants |
|
Address : |
Suite No. 50, 2nd Floor, Karnani Estate, 209, AJC Bose Road, Kolkata –
700017, West Bengal, India |
|
PAN No.: |
AAFFB1784K |
CAPITAL STRUCTURE
As on : 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1530500 |
Equity Shares |
Rs. 10/- each |
Rs. 15.305 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 |
|
15.305 |
15.305 |
|
(b) Reserves & Surplus |
|
37.728 |
27.624 |
|
(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) |
|
53.033 |
42.929 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
19.155 |
17.561 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.132 |
|
(c) Other long term
liabilities |
|
11.035 |
9.535 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
30.190 |
27.228 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
11.841 |
6.603 |
|
(b)
Trade payables |
|
88.882 |
56.778 |
|
(c)
Other current liabilities |
|
8.829 |
12.525 |
|
(d)
Short-term provisions |
|
2.058 |
0.273 |
|
Total Current
Liabilities (4) |
|
111.610 |
76.179 |
|
|
|
|
|
|
TOTAL |
|
194.833 |
146.336 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
35.918 |
21.797 |
|
(ii)
Intangible Assets |
|
0.531 |
0.490 |
|
(iii)
Capital work-in-progress |
|
0.000 |
3.730 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.011 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
2.987 |
3.574 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
39.447 |
29.591 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
56.529 |
59.481 |
|
(c)
Trade receivables |
|
80.054 |
37.643 |
|
(d)
Cash and cash equivalents |
|
16.554 |
15.181 |
|
(e)
Short-term loans and advances |
|
2.249 |
4.360 |
|
(f)
Other current assets |
|
0.000 |
0.080 |
|
Total
Current Assets |
|
155.386 |
116.745 |
|
|
|
|
|
|
TOTAL |
|
194.833 |
146.336 |
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
15.305 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
20.980 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
36.285 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
16.239 |
|
|
2] Unsecured Loans |
|
|
12.616 |
|
|
TOTAL BORROWING |
|
|
28.855 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.113 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
65.253 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
9.392 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
49.209 |
|
|
Sundry Debtors |
|
|
34.970 |
|
|
Cash & Bank Balances |
|
|
11.995 |
|
|
Other Current Assets |
|
|
13.813 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
109.987 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
36.902 |
|
|
Other Current Liabilities |
|
|
14.819 |
|
|
Provisions |
|
|
2.566 |
|
Total
Current Liabilities |
|
|
54.287 |
|
|
Net Current Assets |
|
|
55.700 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.161 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
65.253 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
770.058 |
680.368 |
539.989 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
744.539 |
663.965 |
530.099 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
25.519 |
16.403 |
9.890 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.202 |
6.729 |
1.093 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
15.317 |
9.674 |
8.797 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.213 |
3.030 |
2.675 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
10.104 |
6.644 |
6.122 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components and Spares |
NA |
33.379 |
56.252 |
|
|
|
Trading Goods and Others |
NA |
52.739 |
23.940 |
|
|
|
Capital Goods |
NA |
11.783 |
0.920 |
|
|
TOTAL IMPORTS |
NA |
97.901 |
81.112 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.60 |
4.34 |
4.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.31
|
0.98 |
1.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.88
|
6.78 |
7.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.23 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.58
|
0.56 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
13.38
|
1.53 |
2.03 |
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
No |
OPERATIONAL REVIEW
:
During the year, the company has achieved sales turnover (including
other income) of Rs. 770.058 Millions (Previous year Rs. 680.368 Millions) registering
a growth of 13.18%. The profit after tax during the year was Rs. 10.104
Millions against of Rs. 6.644 Millions for the corresponding period last year.
UNSECURED LOANS :
(Rs in Millions)
|
PARTICULARS |
31.03.2012
|
31.03.2011
|
|
Long term
borrowings |
|
|
|
Loans and advances from related parties |
6.205 |
4.695 |
|
Other loans and advances from body corporate |
12.600 |
12.400 |
|
Total |
18.805 |
17.095 |
BANKERS CHARGES
REPORT AS PER REGISTRY :
|
Corporate
identity number of the company |
U51909WB2007PTC114644 |
|
Name of the
company |
WIN PENS PRIVATE
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Suite No. 13, 1st Floor, Karnani Estate, 209, A. J. C. Bose
Road, Kolkata – 700017, West Bengal, India Email : naresh@winpens.co.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
DBS Bank Limited,
Upper Ground Floor, Email : anurag@dbs.com |
|
Nature of
instrument creating charge |
Deed of
hypothecation |
|
Date of
instrument Creating the charge |
01.03.2013 |
|
Rs. 42.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest : As per facility
agreement dated 01.03.2013 to be amended from time to time. Terms of Repayment : As per facility
agreement dated 01.03.2013 to be amended from time to time. Margin : As per facility
agreement dated 01.03.2013 to be amended from time to time. Extent and Operation of the charge : 100% |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
|
FIXED ASSETS :
·
·
·
Plant
& Machinery
·
Cylinder
Pouch
·
Weighing
Scales
·
Plastic
Pen Moulds
·
Electrical
Fittings
·
Computers
·
Cellular
Phones
·
Office
Equipments
·
Air
Conditioners
·
Fire
Fighting Equipments
·
Motor
Cars
·
Furniture
and Fixtures
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] 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. 59.80 |
|
|
1 |
Rs. 91.03 |
|
Euro |
1 |
Rs. 78.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
|
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
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 |
|
46 |
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.