MIRA INFORM REPORT
|
Report Date : |
04.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
PRIME ELECTRIC LIMITED |
|
|
|
|
Registered
Office : |
Prime Group Building, 11/5B, Third Floor , Pusa Road , New Delhi –
110005 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.09.2008 |
|
|
|
|
Com. Reg. No.: |
55-183082 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 386.043 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31908DL2008PLC183082 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP14935E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP8275D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Power Transformer. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1700000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of ‘Prime Group’. Even though the company was
incorporated during September 2008, it started its commercial operations
during 2011-2012. It has incurred loss from its operation during 2012. However, it receives better support from its group companies. Trade
relations are reported as fair. Business is active. Payment terms are slow
but correct. The company can be considered for business dealings with some caution. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term rating = BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
15.05.2013 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
15.05.2013 |
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 : |
Prime Group Building,11/ 5B, Third Floor , Pusa Road , New Delhi –
110005, India |
|
Tel. No.: |
91-11-41888999 (30 Lines), 25762562-64, 25762552-53 |
|
Fax No.: |
91-11-257558815, 25821623 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Prime Tower 287-288, Udyog Vihar, Phase - II, Gurgaon - 122 016, Haryana, India |
|
Tel. No.: |
91-124-4111999 (30 Lines),
6656999 (30 Lines), 2342686-87 |
|
Fax No.: |
91-124-4871698 – 99, 2342688 |
|
|
|
|
Regional Office : |
1-8-619, 1st Floor, Sai Arcade, Prakash Nagar, Begumpet – 500016,
Hyderabad, India |
|
|
|
|
Factory 1 : |
Multi Product SEZ, Menakuru Village, Nellore – District, Naidupeta
Mandal – 524126, Andhra Pradesh, India |
|
Tel. No.: |
91-40-42606999, |
|
Fax No.: |
91-40-40115124 |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Surinder Mehta |
|
Designation : |
Director |
|
Address : |
180-W-6 Lane Western Avenue, Sainik Farm, Delhi – 110062, India |
|
Date of Birth/Age : |
03.08.1956 |
|
Date of Appointment : |
09.09.2008 |
|
DIN No.: |
00010122 |
|
|
|
|
Name : |
Mr. Rohan Mehta |
|
Designation : |
Director |
|
Address : |
180-W-6 Lane Western Avenue, Sainik Farm, Delhi – 110062, India |
|
Date of Birth/Age : |
14.12.1985 |
|
Date of Appointment : |
09.09.2008 |
|
DIN No.: |
01510489 |
|
|
|
|
Name : |
Mr. Umesh Chandra Misra |
|
Designation : |
Director |
|
Address : |
A – 6, PWO colony, Sector – 43, Gurgaon – 122001, Haryana, India |
|
Date of Birth/Age : |
31.07.1949 |
|
Qualification : |
B.E. (Electrical Engineering) |
|
Date of Appointment : |
01.08.2009 |
|
DIN No.: |
00015675 |
|
|
|
|
Name : |
Mr. Murad Beniaminov |
|
Designation : |
Director |
|
Address : |
Smolenskaya, Sennaya S9, 23/25, 8th floor, Mascow – 119121,
Russian Federation |
|
Date of Birth/Age : |
25.12.1986 |
|
Date of Appointment : |
10.09.2008 |
|
DIN No.: |
02308976 |
|
|
|
|
Name : |
Mr. Vijay Sarpal |
|
Designation : |
Director |
|
Address : |
6A /9, W.E.A, Karol Bagh, new Delhi – 110005, India |
|
Date of Birth/Age : |
20.05.1955 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
09.09.2008 |
|
DIN No.: |
00010455 |
|
|
|
|
Name : |
Mr. Prem Lal Madan |
|
Designation : |
Director |
|
Address : |
1123, sector – 17B, IFFCONAgar, Gurgaon – 122001, Haryana, India |
|
Date of Birth/Age : |
07.02.1946 |
|
Qualification : |
B.COM and Certified Associate of CAIIB |
|
Date of Appointment : |
10.09.2008 |
|
DIN No.: |
00785228 |
KEY EXECUTIVES
|
Name : |
Mr. Nalin Kumar Asthana |
|
Designation : |
Company Secretary |
|
Address : |
3072/R1, Lane No.-10, Ranjeet Nagar, Patel Nagar, New Delhi – 8, India |
|
Date of Birth/Age : |
14.07.1983 |
|
Date of Appointment : |
07.01.2012 |
|
PAN No.: |
AIUPA7826Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Surinder Mehta |
|
61000 |
|
PCI Limited, Delhi |
|
24789293 |
|
PCi Leasing and Finance Private Limited, Delhi |
|
1226000 |
|
Planet PCI Infotech Limited, Delhi |
|
351000 |
|
Rohan Mehta |
|
71000 |
|
Archana Mehta |
|
11000 |
|
Vijay Sarpal |
|
16000 |
|
Kaliburg Holdings Limited, Cyprus |
|
14056675 |
|
Sneha Mehta |
|
30000 |
|
Surinder Mehta (HUF) |
|
10000 |
|
Prime Power Corporation Limited, Delhi |
|
4849321 |
|
Master Marc Mehta |
|
10000 |
|
Baby Maya Mehta |
|
10000 |
|
Anup Soni |
|
25000 |
|
Umesh Chandra Misra |
|
10000 |
|
Prem Lal Madan |
|
10000 |
|
Anshuman Bhardwaj |
|
10000 |
|
Anil Munjal |
|
10000 |
|
Vivek Saxena |
|
10000 |
|
B. D. Roy |
|
10000 |
|
Gautam Oswal |
|
4500 |
|
Prime Hitech Infrastructure Limited, Delhi |
|
600000 |
|
PCI Asia Pacific Private Limited, Delhi |
|
674788 |
|
Total |
|
46855577 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
99.36 |
|
Directors or relatives of directors |
|
0.49 |
|
Other top fifty shareholders |
|
0.15 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Power Transformer. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Punjab National Bank, 5 Sansad Marg, New Delhi, New Delhi -
110001,India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution: |
Oais Auto Financial Services Limited, Plot No.94, Marol Co-operative
Industrial Estate,, Andheri - Kurla Road, Andheri (East), Mumbai - 400059,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Satish Aggarwal and Associates Chartered Accountants |
|
Address : |
4/5B, 1st Floor, Asaf Ali Road, New Delhi-110002, India |
|
PAN No.: |
ABCFS9747B |
|
|
|
|
Holding company : |
PCI LIMITED CIN NO.:
U74899DL1986PLC023329 |
|
|
|
|
Fellow
Subsidiary company: |
Prime Hitech Engineering Limited CIN NO.: U28113DL2010PLC201156 |
|
|
|
|
Other Related Party: |
Prime Power Corporation Limited CIN NO.:
U23201HR1996PLC033171 Riello PCI India Private Limited CIN NO.:
U40102DL2010PTC205402 Planet PCI Infotech Limited CIN NO.:
U72100DL1999PLC101989 PCI Leasing And Finance Limited CIN NO.:
U74899DL1986PLC026247 Planet PCI Infotech Limited CIN NO.:
U72100DL1999PLC101989 Prime Hitech Infrastructure Limited CIN NO.:
U45200DL1995PLC068048 PCI Asia Pacific Private Limited |
CAPITAL STRUCTURE
After: 29.09.2012
Authorised Capital : Rs.600.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.557.981
Millions
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38604300 |
Equity Shares |
Rs.10/- each |
Rs.386.043 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 |
386.043 |
235.412 |
160.175 |
|
|
2] Share Application Money |
63.957 |
87.566 |
31.514 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(19.204) |
0.000 |
0.000 |
|
|
NETWORTH |
430.796 |
322.978 |
191.689 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1339.278 |
873.965 |
147.170 |
|
|
2] Unsecured Loans |
22.502 |
32.640 |
40.800 |
|
|
TOTAL BORROWING |
1361.780 |
906.605 |
187.970 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.328 |
0.177 |
|
|
|
|
|
|
|
|
TOTAL |
1792.576 |
1229.911 |
379.836 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1940.481 |
76.491 |
72.017 |
|
|
Capital work-in-progress |
0.000 |
1187.754 |
212.330 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.337 |
0.150 |
0.000 |
|
|
DEFERREX TAX ASSETS |
5.638 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
198.757
|
0.000 |
0.000 |
|
|
Sundry Debtors |
25.733
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
11.078
|
13.904 |
28.105 |
|
|
Other Current Assets |
0.411
|
27.056 |
5.477 |
|
|
Loans & Advances |
51.112
|
131.261 |
145.492 |
|
Total
Current Assets |
287.091
|
172.221 |
179.074 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
47.583
|
0.000 |
82.288 |
|
|
Other Current Liabilities |
393.388
|
206.705 |
1.297 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
440.971
|
206.705 |
83.585 |
|
|
Net Current Assets |
(153.880)
|
(34.484) |
95.489 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1792.576 |
1229.911 |
379.836 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
55.302 |
|
|
|
|
|
Other Income |
0.206 |
|
|
|
|
|
TOTAL (A) |
55.508 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
61.212 |
|
|
|
|
|
Changes in inventories |
0.000 |
|
|
|
|
|
Employee benefit expense |
7.027 |
|
|
|
|
|
Other expenses |
3.559 |
|
|
|
|
|
TOTAL (B) |
71.798 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(16.290) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.402 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(17.692) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.478 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
BEFORE TAX (E-F) (G) |
(25.170) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(5.966) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
AFTER TAX (G-H) (I) |
(19.204) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.50) |
0.000 |
0.000 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(34.60)
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(45.51)
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.13)
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.06)
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.16
|
2.81 |
0.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.65
|
0.83 |
2.14 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Other loans and advances |
22.502 |
32.640 |
|
|
|
|
|
Total |
22.502 |
32.640 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U31908DL2008PLC183082 |
|
Name of the
company |
PRIME ELECTRIC
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Prime Group
Building, 11/5B, 3rd Floor,
Pusa Road New Delhi –
110005 India |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
Oais Auto
Financial Services Limited, Plot No.94, Marol Co-operative Industrial Estate,
Andheri - Kurla Road, Andheri (East)
Mumbai - 400059 Maharashtra India |
|
Nature of instrument
creating charge |
As per loan cum
hypothecation agreement dated 19.07.2012 |
|
Date of
instrument Creating the charge |
19.07.2012 |
|
Amount secured by
the charge |
Rs. 1.183
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest 15.70% Terms of Repayment As per the loan/
facility details in loan cum hypothecation agreement. Margin 15% Extent and Operation of the charge As per loan cum
hypothecation agreement dated 19.07.2012 |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Engine No : 497TC92DXY824808 Chassis No : MAT454063C7D18255
|
OPERATIONS
The
Company has successfully started commercial production during the financial
year. The Company has received encouraging response from various buyers/end
users and the product has been approved and appreciated by various foreign
customers from Ukrain, Russia, France, Oman and Nigeria and domestic buyers
such as AP TRANSCO, GUVNL, MSTCL, UHBVN etc. The plant is equipped to
manufacture for 1000 MVA/500 KV Power Transformers with annual capacity of
10,000 MVA. The Company has also ventured into EPC business for construction of
substation and has already received an order from UHBVN for some projects. The
Company is optimistic to achieve impressive turnover for the current financial year
2012-13.
FIXED ASSETS
- Plant and
Equipment
- Land and
Buildings
- Furniture and
Fixtures
- Vehicles
- Office
Equipment
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. 56.57 |
|
|
1 |
Rs. 86.15 |
|
Euro |
1 |
Rs. 73.64 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
- |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
30 |
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.