MIRA
INFORM REPORT
|
Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
HYDRO PNEUMATIC ENGINEERS (HYD) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1-3-183/40/46,
Plot No. 36, Sainagar, Near Bakaram, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.09.2000 |
|
|
|
|
Com. Reg. No.: |
01-035312 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 4.466 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109AP2000PTC035312 |
|
|
|
|
IEC No.: |
0900013362 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDH00611C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH8953L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Operation and maintenance Services for Plants and Utilities involving
Mechanical, Chemical, Electrical, Electronics, Control and Instrumentation
Engineering and also Selling of Engineering products connected with
Hydraulic/ Vacuum Systems and Thermal Engineering. |
|
|
|
|
No. of Employees
: |
252 (Approximately) [15 in Office and 237 in Site] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 28900 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The reserves of the company appear to be low. However, 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 – 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
|
Name : |
Mr. Subodh Kumar Sanghi |
|
Designation : |
Director |
|
Contact No.: |
91-9849026457 |
|
Date : |
25.06.2013 |
LOCATIONS
|
Registered Office : |
1-3-183/40/46,
Plot No. 36, Sainagar, Near Bakaram, Hyderabad – 500080, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27535123/ 27530224/ 27537742 |
|
Mobile No.: |
91-9849026457 [Mr. S.K. Sanghi] |
|
Fax No.: |
91-40-27537742 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mrs. Pushpalata Sanghi |
|
Designation : |
Director |
|
Address : |
1-3-183/40/46,
Plot No. 36, Sainagar, Near Bakaram, Hyderabad – 500080, Andhra Pradesh, India |
|
Date of Birth/Age : |
29.12.1937 |
|
Qualification : |
SSC |
|
Date of Appointment : |
19.09.2000 |
|
DIN No.: |
00795203 |
|
|
|
|
Name : |
Mr. Subodh Kumar Sanghi |
|
Designation : |
Director |
|
Address : |
1-3-183/40/46,
Plot No. 36, Sainagar, Near Bakaram, Hyderabad – 500080, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.12.1960 |
|
Qualification : |
B. Tech |
|
Experience : |
25 Years |
|
Date of Appointment : |
19.09.2000 |
|
DIN No.: |
00795252 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Subodh Kumar Sanghi |
|
25236 |
|
Pushpalata Sanghi |
|
900 |
|
Sangeeta Sanghi |
|
1 |
|
Ganesh Pershad Sanghi |
|
2628 |
|
Meera Sanghi |
|
360 |
|
Abishek Kumar
Sanghi |
|
360 |
|
Vimla Devi Garg |
|
270 |
|
Dwaraka Prasad
Garg |
|
360 |
|
Arjun Vedari |
|
1341 |
|
V R Sharada |
|
351 |
|
G P Sanghi (HUF) |
|
864 |
|
Aanchal Sanghi |
|
1440 |
|
Anuj Sanghi |
|
6210 |
|
Ruchita Sanghi |
|
4337 |
|
|
|
|
|
Total |
|
44658 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
65.00 |
|
Other
top fifty shareholders |
|
35.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Operation and maintenance Services for Plants and Utilities involving
Mechanical, Chemical, Electrical, Electronics, Control and Instrumentation
Engineering and also Selling of Engineering products connected with
Hydraulic/ Vacuum Systems and Thermal Engineering. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
252 (Approximately) [15 in Office and 237 in Site] |
||||||||||||||||||
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|
||||||||||||||||||
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Bankers : |
¯ State Bank of
Hyderabad, Begumpet Branch, Door No. 1-10-63/1, Veer Chambers, Begumpet – 500016,
Andhra Pradesh, India ¯ State Bank of
Hyderabad, SME City Credit Centre, 2nd Floor, B-27, APIIC Industrial Park,
Moula- Ali, Hyderabad - 500040, Andhra Pradesh, India |
||||||||||||||||||
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||||||||||||||||||
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Facilities : |
Credit Limit – Rs. 16.000 Millions [State Bank of Hyderabad]
|
||||||||||||||||||
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Yoganadh and Ram Chartered Accountants |
|
Address : |
Pratiksha 4-1-6/8/4, ST No 6, Tilak Road, Hyderabad – 500001, Andhra
Pradesh, India |
|
Tel. No.: |
91-40-24753467 |
|
Mobile No.: |
91-9246119182/ 8008844888 |
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E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFY2977Q |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
44,658 |
Equity Shares |
Rs. 100/- each |
Rs. 4.466
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 |
|
4.466 |
4.466 |
|
(b) Reserves & Surplus |
|
2.773 |
1.794 |
|
(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) |
|
7.239 |
6.260 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
7.322 |
1.505 |
|
(b) Deferred tax liabilities (Net) |
|
0.122 |
0.091 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
7.444 |
1.596 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
1.864 |
1.391 |
|
(b)
Trade payables |
|
(0.491) |
0.104 |
|
(c)
Other current liabilities |
|
0.000 |
0.000 |
|
(d) Short-term
provisions |
|
2.523 |
2.132 |
|
Total Current
Liabilities (4) |
|
3.896 |
3.627 |
|
|
|
|
|
|
TOTAL |
|
18.579 |
11.483 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
2.276 |
1.708 |
|
(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 |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
2.276 |
1.708 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
4.200 |
0.375 |
|
(c)
Trade receivables |
|
5.606 |
6.044 |
|
(d) Cash
and cash equivalents |
|
0.474 |
0.029 |
|
(e)
Short-term loans and advances |
|
6.023 |
3.327 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
16.303 |
9.775 |
|
|
|
|
|
|
TOTAL |
|
18.579 |
11.483 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
4.466 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.157 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
5.623 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
7.196 |
|
|
TOTAL BORROWING |
|
|
7.196 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.028 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
12.847 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.174 |
|
|
Capital work-in-progress |
|
|
1.045 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
11.441 |
|
|
Cash & Bank Balances |
|
|
0.261 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
3.585 |
|
Total
Current Assets |
|
|
15.287 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2.286 |
|
|
Other Current Liabilities |
|
|
1.390 |
|
|
Provisions |
|
|
1.983 |
|
Total
Current Liabilities |
|
|
5.659 |
|
|
Net Current Assets |
|
|
9.628 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
12.847 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
59.220 |
|
|
|
|
|
Other Income |
0.076 |
0.046 |
|
|
|
|
TOTAL (A) |
59.296 |
43.957 |
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
8.220 |
|
|
|
|
|
Employee benefit Expenses |
19.819 |
14.495 |
|
|
|
|
Administration Charges |
31.502 |
20.104 |
|
|
|
|
Work in progress |
(3.825) |
0.670 |
|
|
|
|
TOTAL (B) |
55.716 |
41.595 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.580 |
2.362 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.519 |
0.665 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.061 |
1.697 |
1.270 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.545 |
0.585 |
0.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.516 |
1.112 |
1.006 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.537 |
0.475 |
0.314 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.979 |
0.637 |
0.692 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.19 |
1.43 |
1.55 |
|
%20PRIVATE%20LIMITED%20-%20226850%2025-Jun-2013_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20226850%2025-Jun-2013_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.65
|
1.45 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.56
|
2.53 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.16
|
9.68 |
5.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.18 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.27
|
0.46 |
1.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.18
|
2.70 |
2.70 |
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) |
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 LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS |
|
|
|
Anuj Sanghi |
0.249 |
0.311 |
|
Subodh Kumar Sanghi |
(0.022) |
0.010 |
|
Pushpalatha Sanghi |
0.053 |
0.053 |
|
Anchal Sanghi welfare foundation |
0.492 |
0.429 |
|
Anchal Sanghi |
0.604 |
0.507 |
|
SHORT TERM
BORROWINGS |
|
1.31 |
|
RCI O and M Advance |
1.798 |
1.325 |
|
RCI N2 Gas Advance |
0.066 |
0.066 |
|
Total |
3.240 |
2.701 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U27109AP2000PTC035312 |
|
Name of the
company |
HYDRO PNEUMATIC
ENGINEERS (HYD) PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
1-3-183/40/46,
Plot No. 36, Sainagar, Near Bakaram, Hyderabad – 500080, Andhra Pradesh, India Email: hp_engineers@rediffmail.com |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
90128772 |
|
Type of charge |
Any interest in immovable property Book debts Movable property (not being pledge) Others [Guarantee] |
|
Particular of charge
holder |
State Bank of Hyderabad, SME City Credit Centre, 2nd Floor, B-27,
APIIC Industrial Park, Moula- Ali, Hyderabad - 500040, Andhra Pradesh, India Email: secc_secbad@sbhyd.co.in
|
|
Nature of description
of the instrument creating or modifying the charge |
Letter of
Arrangement Agreement of
Hypothecation Guarantee
Agreement |
|
Date of
instrument Creating the charge |
24.02.2012 |
|
Amount secured by
the charge |
Rs. 16.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 15.00% pa Terms of Repayment Working Capital
to repayable on demand. Margin Raw Materials:
Indigenous: 25% Semi Finished
Goods: 25% Finished Goods:
25% Components/Consumables/Spares:
25% Domestic
Receivables: 50% Extent and Operation of the charge The charge
operates for duly repayment of loan amount together interest in time. |
|
Short particulars
of the property charged |
Primary Security:
Hypothecation of stock of raw materials, stocks in process, finished goods,
receivables, and other current assets of the firm. 3rd Party
Guarantee: Subodh Kumar Sanghi Ruchita
Sanghi Pushpalata Sanghi |
|
Date of
Modification |
21.08.2007 |
|
Particulars of
the present modification |
Limit has been
enhanced from Rs 12.500 Millions to Rs 16.000 Millions. |
FIXED ASSETS:
¯ Furniture and
Fixture
¯ Office Equipments
¯ Vehicles
¯ Computers
¯ Tools and Tackles
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 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.