MIRA
INFORM REPORT
|
Report Date : |
18.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
GAYATHRI STRUCTURAL AND ROOFING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
#536/5, M.S.
Ramaiah Enclave, 8th Mile, Opposite Shell Petrol Pump, |
|
|
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Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
16.05.2008 |
|
|
|
|
Com. Reg. No.: |
08-046457 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28112KA2008PTC046457 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and service
provider in the domain of Pre
Engineered Building, Pre Engineered Steel Building, Pre Engineered Metal
Building, Tabular Structures, Steel Buildings, Industrial Shed Structures, Walk
Ways, Green House. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
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 23000 |
|
|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The reserve of the company is low. The company has earned minimal
profits during 2012. However, trade relations are 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 – 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 : |
Ms. Nenuka |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-80-28390308 |
|
Date : |
15.06.2013 |
LOCATIONS
|
Registered Office/ Factory : |
#536/5, M.S.
Ramaiah Enclave, 8th Mile, Opposite Shell Petrol Pump, Tumkur
Road, Bangalore – 560 073, Karnataka |
|
Tel. No.: |
91-80-28390308/ 28390241 |
|
Fax No.: |
91-80-28390428/ 23578455 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Prabhavathi Raman Karuvatil |
|
Designation : |
Director |
|
Address : |
594/22, 7th Main, K.N. Extensions, Yeshwanthapur, Bangalore
– 560 022, Karnataka, India |
|
Date of Birth/Age : |
14.05.1966 |
|
Date of Appointment : |
16.05.2008 |
|
DIN No.: |
02088567 |
|
|
|
|
Name : |
Mr. Shiva Shankar Narayan Rao Kadaba |
|
Designation : |
Director |
|
Address : |
594/22, 7th Main, K.N. Extensions, Yeshwanthapur, Bangalore
– 560 022, Karnataka, India |
|
Date of Birth/Age : |
25.05.1948 |
|
Date of Appointment : |
16.05.2008 |
|
DIN No.: |
02120619 |
KEY EXECUTIVES
|
Name : |
Ms. Nenuka |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shiva Shankar Narayan Rao Kadaba |
|
150000 |
|
Prabhavathi Raman Karuvatil |
|
150000 |
|
Total
|
|
300000 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and service
provider in the domain of Pre
Engineered Building, Pre Engineered Steel Building, Pre Engineered Metal
Building, Tabular Structures, Steel Buildings, Industrial Shed Structures, Walk
Ways, Green House. |
|
|
|
|
Products/ Services : |
·
Pre Engineering Building ·
Tabular Structures ·
Prefabricated Steel Structures ·
Prefabricated Steel Structure Buildings ·
Steel Buildings ·
Industrial Shed Structures ·
Walk Ways ·
Green House ·
Poly House ·
Bridges ·
Space Frame Structure |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit and Advance |
|
|
|
|
Purchasing : |
Cash, Credit and Advance |
GENERAL INFORMATION
|
Suppliers : |
·
Agro Steels ·
Bhagya Lakshmi Steel Supply ·
Gupta Enterprises ·
Classic Weild Associated ·
Divya Enterprises ·
Excel Enterprises ·
Landmark Fasteners Private Limited ·
Mewa Steel Supplier ·
Pai Industrial and Medicals Gases ·
Thomas Hardware Stores ·
Web Advisor ·
Sneha Industrial Gases ·
Sinewave Generators Private Limited ·
Pai Industrial Associates ·
Pneumec Controls Private Limited ·
Roofing India Systems |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
End Users ·
DRDO ·
Hindustan
Aeronautics Limited (HAL) ·
Indian
Airforce ·
ABB
Limited ·
Hotel
Royal Orchid ·
Hotel
Bell ·
Hotel
Taj West End ·
BEML Ltd (RS) ·
ABB Ltd – Nelamangala ·
Featherlite Office System ·
ABB Limited – Peenya ·
Renuka Devi Construction |
||||||||||||||||||
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||||||||||||||||||
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No. of Employees : |
40 (Approximately) |
||||||||||||||||||
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Bankers : |
Syndicate Bank,
Yeshwanthapur Branch, Gopal Complex, Bazar Street, Yeshwanthapur, Bangalore –
560 022, Karnataka, India |
||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
|
Auditors : |
|
|
Name : |
M.K. Dandeker and Company Chartered Accountants |
|
Address : |
No.403, Janak Residency, No.02, Kumara Krupa Road, Bangalore – 560
001, Karnataka, India |
|
PAN No: |
AAAFM0865H |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
300000 |
Equity Shares |
Rs.10/- each
|
Rs.3.000 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 |
|
3.000 |
3.000 |
|
(b) Reserves & Surplus |
|
2.467 |
1.624 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.400 |
0.400 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
10.273 |
5.356 |
|
(b) Trade payables |
|
10.490 |
8.098 |
|
(c) Other current
liabilities |
|
0.000 |
0.000 |
|
(d) Short-term provisions |
|
0.214 |
1.015 |
|
TOTAL |
|
26.844 |
19.493 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
7.335 |
2.679 |
|
(ii) Intangible Assets |
|
2.000 |
2.000 |
|
(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 |
|
2.586 |
2.001 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
11.969 |
9.135 |
|
(c) Trade receivables |
|
2.428 |
2.739 |
|
(d) Cash and cash
equivalents |
|
0.284 |
0.169 |
|
(e) Short-term loans and
advances |
|
0.242 |
0.770 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
TOTAL |
|
26.844 |
19.493 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.200 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.877 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.077 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
4.188 |
|
|
2] Unsecured Loans |
|
|
4.577 |
|
|
TOTAL BORROWING |
|
|
8.765 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9.842 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
3.910 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.173 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
4.529 |
|
|
Sundry Debtors |
|
|
3.554 |
|
|
Cash & Bank Balances |
|
|
0.470 |
|
|
Other Current Assets |
|
|
3.012 |
|
|
Loans & Advances |
|
|
0.614 |
|
Total
Current Assets |
|
|
12.179 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
5.809 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.667 |
|
Total
Current Liabilities |
|
|
6.476 |
|
|
Net Current Assets |
|
|
5.703 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.056 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9.842 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
34.348 |
|
|
|
Other Income |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
34.348 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
NA |
|
|
|
|
Administrative Expenses |
NA |
NA |
|
|
|
|
Advertising Expenses |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
32.768 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.096 |
1.480 |
1.580 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.691 |
0.380 |
0.350 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
1.405 |
1.100 |
1.230 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
0.390 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
NA |
NA |
0.840 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
NA |
NA |
42.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
2.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.23
|
5.64 |
7.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.22 |
1.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.75
|
1.07 |
8.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.71
|
0.89 |
1.88 |
LOCAL AGENCY FURTHER INFORMATION
|
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 one year |
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 |
Yes |
|
18) Major customers |
Yes |
|
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 |
|
Unsecured Loan |
As
on 31.03.2012 (Rs.
in Millions) |
As
on 31.03.2011 (Rs.
in Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
K.R. Prabhavathi |
0.000 |
0.012 |
|
K.N. Shivshankar |
0.000 |
0.001 |
|
3D Roofing |
0.200 |
0.000 |
|
Total
|
0.200 |
0.013 |
Note:
The
registered office of the company has been shifted from # 20, 1st Main, Kali Temple Street,
Subedarpalya, Bangaluru – 560 022, Karnataka to the present address
w.e.f. 15.12.2012.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U28112KA2008PTC046457 |
|
Name of the
company |
GAYATHRI STRUCTURAL AND ROOFING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
# 20, 1st
Main Kali Temple Street, Subedarpalya, Bangaluru – 560 022, Karnataka, India E-Mail: mkd.bengalur@gmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10215416 |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Floating Charge |
|
Particular of
charge holder |
Syndicate Bank,
Yeshwanthapur Branch, Gopal Complex, Bazar Street, Yeshwanthapur, Bangalore –
560 022, Karnataka, India |
|
Nature of
description of the instrument creating or modifying the charge |
Composite
Hypothecation Agreement Bank Letter (Both the above
pertain to same Charge) |
|
Date of
instrument Creating the charge |
21.03.2012 |
|
Amount secured by
the charge |
Rs.15.000
millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest: SODH - As per
existing terms OSL - 12.25% p.a.
linked to Base rate other limits as
per sanction terms Terms of
Repayment: SODH - Running
account repayable on demand OSL - 60 months
including moratorium period BG - As per
sanction terms Margin: SODH - 30% OSL - Overall
33.33% BG - Cash margin
10% Extent and
Operation of the charge: The charge shall
operate to the extent of entire loan amount plus interest, commission, cost,
expenses and other charge if any. Others: The said amount
of Rs.15.000 millions comprises SODH Rs.8.000 millions (enhanced from
Rs.6.000 millions), OSL Rs.5.000 millions and BG Rs.2.000 millions continued
at existing level. |
|
Short particulars
of the property charged |
Hypothecation by
way of first charge on Stocks, Book Debts plant machinery and other movables
present and future stored/installed at company premises at No.536/5, M.S.
Ramaiah Enclave, 8th Mile, Tumkur Road, Nagsandra Post, Bangalore
560073 or at any other place. |
|
Date of latest
modification prior to the present modification |
20.03.2012 |
|
Particulars of
the present modification |
By the above, the
amount secured by charge stands enhanced from Rs.13.000 millions to Rs.15.000
millions (SODH Rs.8.000
millions, OSL Rs.5.000 millions BG Rs.2.000 millions) (all other terms
and conditions remain unchanged) |
FIXED ASSETS:
Tangible Assets
·
Land
·
Furniture and Fixtures
·
Air Conditioner
·
Plant and Machinery
·
Aluminium Ladder
·
Grinder Machine
·
Office Equipment
·
UPS
·
Computer
·
Vehicles
Intangible Assets
·
Goodwill
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 proeeding 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.57.73 |
|
|
1 |
Rs.90.60 |
|
Euro |
1 |
Rs.76.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--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.