MIRA
INFORM REPORT
|
Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
AIR TRAX POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-3/5, Prashant Vihar, Sector-14, Rohini, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.05.1997 |
|
|
|
|
Com. Reg. No.: |
55-087073 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 17.117
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19201DL1997PTC087073 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA07120B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of HDPE/PP Woven Fabric and Sacks Product. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 519000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well established company having a satisfactory track
record. Financially company seems to be performing well. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitments. 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : (CRISIL) BB+ |
|
Rating Explanation |
Having moderate risk of default regarding
timely servicing of financial obligation. |
|
Date |
May 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 : |
C-3/5, Prashant Vihar, Sector-14, Rohini, New Delhi – 110085, India |
|
Tel. No.: |
91-11-27554071/ 72 |
|
Fax No.: |
91-11-27554073 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Anil Jain |
|
Designation : |
Director |
|
Address : |
207, Bhagirathi Apartments, Sector-9, Rohini, New Delhi – 110085, India |
|
Date of Appointment : |
12.08.1998 |
|
DIN No.: |
00055081 |
|
|
|
|
Name : |
Mr. Raj Kumar Jain |
|
Designation : |
Director |
|
Address : |
C-1/72, Rajasthali Apartments, Pitampura, New Delhi – 110085, India |
|
Date of Appointment : |
10.12.2008 |
|
DIN No.: |
00241300 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Jain Anil |
|
336570 |
|
Jain C.N. |
|
232260 |
|
Jain Sulochana |
|
14360 |
|
Jain Kumar Virender |
|
68470 |
|
Jain Kumar Virender HUF |
|
22600 |
|
Jain Seema |
|
60000 |
|
Jain Anil HUF |
|
124800 |
|
Jain Rahul |
|
105000 |
|
Jain Varun Ug/O Anil Jain |
|
246340 |
|
Jain Kumar Raj |
|
174600 |
|
Jain Kumar Raj HUF |
|
37780 |
|
Tejasvi Investment Private Limited, India |
|
10000 |
|
Mahanivesh India Limited, India |
|
15000 |
|
Geefcee Finance Limited, India |
|
15000 |
|
Rahul Finlease Private Limited, India |
|
25000 |
|
Kesari Labs Electronics Private Limited, India |
|
20000 |
|
Shri Niwas Leasing and Finance Limited, India |
|
25000 |
|
Aarushi Jain |
|
52610 |
|
Chand Faquir |
|
5600 |
|
Jain C.N. HUF |
|
10020 |
|
Garg Seema |
|
2248 |
|
Devi Shiromani |
|
12500 |
|
Garg Tarun HUF |
|
2000 |
|
Jain Bimla |
|
2000 |
|
Jain Kr. Pawan HUF |
|
4400 |
|
Kumar Rajesh |
|
7920 |
|
Bhavatarani Sales Private Limited, India |
|
8000 |
|
Eversite Commodities Private Limited, India |
|
8600 |
|
Titanic Chemicals Private Limited, India |
|
1400 |
|
Shyam Baba Distributors Private Limited, India |
|
8000 |
|
Goyal Meera |
|
12800 |
|
Jain Geeta |
|
800 |
|
Chandana |
|
20000 |
|
Gupta K. K. HUF |
|
20000 |
|
|
|
|
|
Total |
|
1711678 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
7.95 |
|
Directors
or relatives of directors |
|
89.34 |
|
Other
top fifty shareholders |
|
2.71 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of HDPE/PP Woven Fabric and Sacks Product. |
||||
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|
|
||||
|
Products/ Services : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
HDPE/PP Fabric/ Sacks |
MT |
NA |
4500 |
3399 |
|
|
|
|
|
|
Note:
The installed capacities are as per the
certificate given by the management on which the Auditors have relied, being a
technical matter.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
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Bankers : |
Ø
State Bank of Patiala Ø The Hongkong and Shanghai Banking
Corporation Limited, 25, Barakhamba Road, New Delhi – 110001, India |
|||||||||||||||||||||||||||||||||||||||
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Facilities : |
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|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D. V. Mittal and Company Chartered Accountants |
|
Address : |
101, Time House, 5, Community Center, Wazirpur Commercial Complex,
New Delhi
– 110052,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFD5458K |
|
|
|
|
Company in which KMP / Relatives of KMP
can exercise significant influence: |
Ø Alpine Polymers Private Limited Ø Qualitech Precision Metals Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,750,000 |
Equity Shares |
Rs. 10/- each |
Rs. 17.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,711,678 |
Equity Shares |
Rs. 10/- each |
Rs. 17.117
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 |
|
17.117 |
17.117 |
|
(b) Reserves & Surplus |
|
112.744 |
100.281 |
|
(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) |
|
129.861 |
117.398 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
71.169 |
84.296 |
|
(b) Deferred tax liabilities (Net) |
|
13.378 |
14.042 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
84.547 |
98.338 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
76.408 |
63.613 |
|
(b)
Trade payables |
|
0.354 |
2.797 |
|
(c)
Other current liabilities |
|
2.142 |
3.002 |
|
(d) Short-term
provisions |
|
3.997 |
1.851 |
|
Total Current
Liabilities (4) |
|
82.901 |
71.263 |
|
|
|
|
|
|
TOTAL |
|
297.309 |
286.999 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
146.280 |
157.369 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
11.887 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
7.665 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
1.176 |
|
(e) Other Non-current
assets |
|
2.687 |
2.688 |
|
Total Non-Current
Assets |
|
168.519 |
161.233 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
60.663 |
60.262 |
|
(c)
Trade receivables |
|
38.323 |
26.790 |
|
(d) Cash
and cash equivalents |
|
1.497 |
6.769 |
|
(e)
Short-term loans and advances |
|
22.545 |
21.085 |
|
(f)
Other current assets |
|
5.762 |
10.860 |
|
Total
Current Assets |
|
128.790 |
125.766 |
|
|
|
|
|
|
TOTAL |
|
297.309 |
286.999 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
17.117 |
|
|
2] Share Application Money |
|
|
6.300 |
|
|
3] Reserves & Surplus |
|
|
91.582 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
114.999 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
154.908 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
154.908 |
|
|
DEFERRED TAX LIABILITIES |
|
|
13.237 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
283.144 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
172.587 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
56.896 |
|
|
Sundry Debtors |
|
|
28.424 |
|
|
Cash & Bank Balances |
|
|
0.138 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
33.307 |
|
Total
Current Assets |
|
|
118.765 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
4.818 |
|
|
Other Current Liabilities |
|
|
1.096 |
|
|
Provisions |
|
|
2.294 |
|
Total
Current Liabilities |
|
|
8.208 |
|
|
Net Current Assets |
|
|
110.557 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
283.144 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
406.051 |
357.644 |
354.691 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
31.171 |
29.433 |
28.679 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.197 |
14.885 |
15.182 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
17.974 |
14.548 |
13.497 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.511 |
5.849 |
3.456 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
12.463 |
8.699 |
10.041 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
44.533 |
35.834 |
25.793 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
56.996 |
44.533 |
35.834 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
121.496 |
34.196 |
47.358 |
|
|
|
|
|
|
|
|
|
IMPORTS ON CIF
BASIS |
4.993 |
25.815 |
40.208 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.28 |
5.08 |
5.87 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
4.43
|
4.07 |
3.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.47
|
5.07 |
4.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.12 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.14
|
1.26 |
1.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.03
|
2.26 |
14.47 |
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 |
No |
|
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 |
Note:
The registered office of the company has been shifted from 201,
Bhagirath Apartment, Sector – 9, Rohini, New Delhi, India to the present
w.e.f.21.09.2009
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U19201DL1997PTC087073 |
|
Name of the
company |
AIR TRAX POLYMERS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C-3/5, Prashan
Vihar, Sector-14, Rohini, New Delhi – 110085, India Email: dvmittalca@yahoo.co.in |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Others [Stocks and Book Debts both present and future] |
|
Particular of
charge holder |
The Hongkong and Shanghai
Banking Corporation Limited, 25, Barakhamba Road, New Delhi – 110001, India Email: reemahassija@hsbc.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of Hypothecation
for Stocks and Receivables dated 4th June 2012 |
|
Date of
instrument Creating the charge |
04.06.2012 |
|
Amount secured by
the charge |
Rs. 50.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest shall be
payable by the Company on the banking facilities as per Bank's tariff,
subject however that the Bank shall have the right to change the rate of
interest after giving notice to the co Terms of Repayment In Consideration
of Banking facilities sanctioned/to be sanctioned by the bank to the company,
the company has hypothecated and charged to the bank by way of Pari passu
charge on Stocks and book debts both present and future as a continuing
security, as mentioned in Deed of Hypothecation to secure the repayments of
the advances together with interest cost and all other charges. Margin The Company shall
maintain such margin as may be specified by the bank from time to time. Extent and Operation of the charge In case the
Company fails to fulfill its obligations under the agreement, the bank shall
be entitled to take possession of the hypothecated properties and sell them by
public auction or private contract and utilize the proceeds in full or part
settlement of its claims. Others Currently the
Company is availing credit facilities from State Bank of Patiala interalia
secured by charge on Stocks and Receivables. HSBC's charge on Stocks and
Receivables will be a pari-passu charge and upon exchange of PPLs SBOP's
charge shall also be modified to reflect Pari-Passu nature on the said
security. |
|
Short particulars
of the property charged |
Pari passu charge
on Stocks and Book debts both present and future as mentioned in Deed of
Hypothecation dated 4th June 2012 |
FIXED ASSETS:
Ø Land
Ø Building
Ø Plant and Machinery
Ø Furniture and Fixture
Ø Electric Installation
Ø Electric Installation
Ø Generator
Ø Weighing Scale
Ø Computer
Ø Fire Fighting Equipment
Ø Office Equipment
Ø Vehicle
Ø Air Conditioner
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. 59.73 |
|
|
1 |
Rs. 91.82 |
|
Euro |
1 |
Rs. 78.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.