MIRA
INFORM REPORT
|
Report Date : |
15.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
RA ENERGY SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
# 6B/1, 3rd Floor, Krishna Rao Road, Off Govindappa Road,
Basavanagudi, Bangalore – 560004, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.09.2009 |
|
|
|
|
Com. Reg. No.: |
08-051050 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.089 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52590KA2009PTC051050 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Energy Saving Equipments. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 19000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a moderate track record. The
company has recorded modest scale of business operation. The external
borrowing seems to be huge. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow. The company can be considered
for business dealings with great cautions. |
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 Details)
|
Name : |
Mr. Manjula |
|
Designation : |
Accountant |
|
Contact No.: |
91-80-26570255 |
|
Date : |
14.06.2013 |
LOCATIONS
|
Registered Office/ Factory : |
# 6B/1, 3rd Floor, Krishna Rao Road, Off Govindappa Road, Basavanagudi,
Bangalore – 560004, Karnataka, India |
|
Tel. No.: |
91-80-26570255/ 41633750 |
|
Mobile No.: |
91-9590125002 (Mr. Manoj R. Kalburrgie) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
DIRECTORS
(AS ON 28.09.2012)
|
Name : |
Mr., Manoj Ramachandra Kalburgie |
|
Designation : |
Director |
|
Address : |
# 33, 1st Floor, Sumukha Residency, 3rd Cross
Street, Gavipurm Extn, Bangalore – 560019, Karnataka, India |
|
Date of Birth/Age : |
16.06.1945 |
|
Date of Appointment : |
09.11.2009 |
|
DIN No.: |
02862504 |
|
|
|
|
Name : |
Mr. Lakkasetty Shamannasetty Dwarakanath |
|
Designation : |
Director |
|
Address : |
No.E-604, E-Block, Sterling Terraces Apartments, #3 100 Feet Ring
Road, 5th Block, BSK 3rd Stage, Bangalore – 560085, Karnataka,
India |
|
Date of Birth/Age : |
09.09.1944 |
|
Date of Appointment : |
29.09.2009 |
|
DIN No.: |
02776247 |
|
|
|
|
Name : |
Mr. Pavan Dwarakanath |
|
Designation : |
Director |
|
Address : |
No.E-604, E-Block, Sterling Terraces Apartments, #3 100 Feet Ring
Road, 5th Block, BSK 3rd Stage, Bangalore – 560085,
Karnataka, India |
|
Date of Birth/Age : |
24.09.1976 |
|
Date of Appointment : |
15.04.2011 |
|
DIN No.: |
02780429 |
|
|
|
|
Name : |
Mr. Rajan Sapra |
|
Designation : |
Director |
|
Address : |
Flat #7A 8th Block – 1, Ramakrishna St T. Nagar, Chennai –
600017, Tamilnadu, India |
|
Date of Birth/Age : |
10.05.1951 |
|
Date of Appointment : |
04.01.2010 |
|
DIN No.: |
02903161 |
|
|
|
|
Name : |
Mr. Prateek Agarwal |
|
Designation : |
Director |
|
Address : |
5-A & B, Kilpauk Garden Road, 1st Street Kilpauk,
Chennai – 600010, Tamilnadu, India |
|
Date of Birth/Age : |
30.09.1990 |
|
Date of Appointment : |
04.01.2010 |
|
DIN No.: |
02920581 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Deepa Ramchanndra Manoj |
|
7500 |
|
Faithfull Vinimay Private Limited, India |
|
8000 |
|
Lakkasetty Shamannasetty Dwarakanath |
|
5000 |
|
Manoj Ramachandra Kalburgie |
|
19500 |
|
Mukesh Life Style, India |
|
8980 |
|
Navkar Barter Private Limited, India |
|
6800 |
|
Pavan Dwarakanath |
|
9500 |
|
Pranava Dwarakanath |
|
4200 |
|
S. Buddhi Investment, India |
|
5500 |
|
Sabita Dwarakanath |
|
16400 |
|
Sankatmochana Properties private Limited, India |
|
11000 |
|
Veena Pavan |
|
6500 |
|
|
|
|
|
Total |
|
108880 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Energy Saving Equipments. |
|
|
|
|
Exports : |
|
|
Products : |
Saving Lamps, Energy Saving Lights etc. |
|
Countries : |
South Africa – Ghana |
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Terms : |
|
|
Selling : |
Credit (30 days) |
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Purchasing : |
Advance Payment |
GENERAL INFORMATION
|
Customers : |
End Users and Dealers |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
· The South Indian Bank Chennai, Tamilnadu, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Mukunda Shiva and Associates Chartered Accountant |
|
Address : |
# 267, 1st Floor, 6th Cross, 1st Block Jayanagar, Bangalore – 560011,
Karnataka, India |
|
PAN No.: |
AAOFM7775J |
CAPITAL STRUCTURE
(AS ON 28.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
108880 |
Equity Shares |
Rs.10/- each |
Rs.1.089
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 |
|
1.089 |
1.089 |
|
(b) Reserves & Surplus |
|
3.775 |
2.254 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
4.864 |
3.343 |
|
(3) Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.003 |
0.003 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
37.788 |
18.740 |
|
(b) Trade payables |
|
12.025 |
0.014 |
|
(c) Other current
liabilities |
|
1.792 |
0.238 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
TOTAL |
|
56.472 |
22.338 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.510 |
0.643 |
|
(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 |
|
0.355 |
0.355 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
24.077 |
14.872 |
|
(c) Trade receivables |
|
27.436 |
2.857 |
|
(d) Cash and cash
equivalents |
|
0.000 |
0.000 |
|
(e) Short-term loans and
advances |
|
4.094 |
3.611 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
TOTAL |
|
56.472 |
22.338 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.089 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
3.955 |
|
|
4] (Accumulated Losses) |
|
|
(1.250) |
|
|
NETWORTH |
|
|
3.794 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.003 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.797 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.055 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3.567 |
|
|
Sundry Debtors |
|
|
0.089 |
|
|
Cash & Bank Balances |
|
|
0.188 |
|
|
Other Current Assets |
|
|
0.002 |
|
|
Loans & Advances |
|
|
0.447 |
|
Total
Current Assets |
|
|
4.293 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.464 |
|
|
Other Current Liabilities |
|
|
0.056 |
|
|
Provisions |
|
|
0.052 |
|
Total
Current Liabilities |
|
|
0.572 |
|
|
Net Current Assets |
|
|
3.721 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.021 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.797 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
69.573 |
16.011 |
0.081 |
|
|
|
Other Income |
0.592 |
0.015 |
0.000 |
|
|
|
TOTAL (A) |
70.165 |
16.026 |
0.081 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Trading Stock |
51.174 |
|
|
|
|
|
Change in Inventories |
(9.205) |
(11.305) |
|
|
|
|
Employee Benefit Expenses |
5.602 |
2.704 |
1.309 |
|
|
|
Operating Expenses |
15.846 |
4.924 |
|
|
|
|
Other expenses |
0.569 |
0.202 |
|
|
|
|
TOTAL (B) |
63.986 |
15.713 |
1.309 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.179 |
0.313 |
(1.228) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.153 |
0.582 |
0.010 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.026 |
(0.269) |
(1.238) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.179 |
0.182 |
0.009 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.847 |
(0.451) |
(1.247) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.326 |
0.000 |
0.003 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.521 |
(0.451) |
(1.250) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
(1.250) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
(1.701) |
(1.250) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14 |
(4) |
(11)
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.17
|
(2.81) |
(1543.21) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.65
|
(2.82) |
(1539.51) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.27
|
(2.02) |
(28.68) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
(0.13) |
(0.37) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
7.77
|
5.61 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08
|
1.12 |
7.51 |
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 |
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) |
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 |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
SHORT TERM BORROWINGS |
|
|
|
Aantaryami Mercantile Private Limited |
9.000 |
0.000 |
|
Ashutosh Enterprises |
2.350 |
0.000 |
|
Burliar Plantation |
1.000 |
0.000 |
|
K. G. Sapra HUF and Sons |
0.110 |
0.000 |
|
L. S. Dwarakanath |
0.340 |
0.150 |
|
Manoj R Kalburgie |
0.225 |
0.100 |
|
Modak Priya Private Limited |
4.500 |
0.000 |
|
Mrs. Indu Jalan |
2.100 |
2.100 |
|
Ocean Barter Private Limited |
12.300 |
10.000 |
|
Rajan Sapra |
0.000 |
0.050 |
|
Ruchika Global Interlinks (Private) Limited |
0.000 |
0.700 |
|
Shakambri Traders |
0.000 |
0.000 |
|
Starwell Properties Private Limited |
0.800 |
5.200 |
|
Vimal Sapra |
0.700 |
0.000 |
|
Vishnudum Distributor Private Limited |
4.100 |
0.000 |
|
|
|
|
|
Total |
37.525 |
18.300 |
NOTE:
The Registered office of the company has been
shifted from #3/1, 1st Floor, Swamy Building, Mariswamappa Lane, S J
P Road Cross, Bangalore – 560002, Karnataka, India, to the present address
w.e.f 30.04.2010.
PERFORMANCE
The performance of
the Company for the year ended on 31st March, 2012 has resulted in a
Profit of Rs.1.521 Millions after tax.
FIXED ASSETS:
· Computer and Accessories
· Printer
· Car
· Furniture
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.58.41 |
|
|
1 |
Rs.91.62 |
|
Euro |
1 |
Rs.78.12 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLV |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
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 |
|
27 |
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.