MIRA
INFORM REPORT
|
Report Date : |
04.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
MOHAN ENERGY CORPORATION PRIVATE LIMITED |
|
|
|
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Registered
Office : |
Mohan House, 8-9, Zamrudpur Community Centre, Kailash Colony Extension,
New Delhi – 110 048 |
|
|
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Country : |
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|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
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Date of
Incorporation : |
12.05.2006 |
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|
Com. Reg. No.: |
55-148755 |
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Capital
Investment / Paid-up Capital : |
Rs.61.818 millions
|
|
|
|
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CIN No.: [Company Identification
No.] |
U74991DL2006PTC148755 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM13615A |
|
|
|
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PAN No.: [Permanent Account No.] |
AAECM6956G |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is an engineering, procurement and construction (EPC)
contractor in the electricity and power sector. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 635000 |
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|
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|
Status : |
Moderate |
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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
latest financials of the company are not made available. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
February 21, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
February 21, 2012 |
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 : |
Mohan House, 8-9, Zamrudpur Community Centre, Kailash Colony
Extension, New Delhi – 110 048, India |
|
Tel. No.: |
91-11-29232802/ 03/ 04/ 05 |
|
Fax No.: |
91-11-29240191/ 29242476 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 21.09.2012
|
Name : |
Mr. Mohan Puri |
|
Designation : |
Managing Director |
|
Address : |
B-107, Greater Kailash-I, New Delhi – 110 048, India |
|
Date of Birth/Age : |
26.11.1975 |
|
Date of Appointment : |
12.05.2006 |
|
DIN No.: |
00003009 |
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E-Mail : |
|
|
|
|
|
Name : |
Mr. Amitabh Agrawal |
|
Designation : |
Whole Time Director |
|
Address : |
B-6, Green Park, New Delhi – 110 048, India |
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Date of Birth/Age : |
03.08.1946 |
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Qualification : |
B. Tech. (Hon.), MS, MBA, C. Eng., FIEE, FIE |
|
Date of Appointment : |
08.10.2007 |
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DIN No.: |
00002736 |
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E-Mail : |
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|
|
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|
Name : |
Mrs. Neeru Puri |
|
Designation : |
Director |
|
Address : |
B-107, Greater Kailash-I, New Delhi – 110 048, India |
|
Date of Birth/Age : |
08.09.1952 |
|
Date of Appointment : |
12.05.2006 |
|
DIN No.: |
00003023 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjiv Jain |
|
Designation : |
Company Secretary |
|
Address : |
KD-290, Maurya Enclave, Pitampura, Delhi – 110 088, India |
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Date of Birth/Age : |
21.10.1978 |
|
Date of Appointment : |
06.04.2009 |
|
PAN No.: |
AAPPJ2338D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 21.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Neeru Puri |
|
1818255 |
|
Mohan Puri |
|
4203335 |
|
Mohan Export (India) Private Limited, India |
|
45000 |
|
Mohan Holdings Private Limited, India |
|
6140 |
|
Independent Investment Company Private Limited, India |
|
876 |
|
Sonia Passi |
|
108194 |
|
Total |
|
6181800 |
As on 21.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
0.84 |
|
Directors
or relatives of directors |
|
99.16 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is an engineering, procurement and construction (EPC)
contractor in the electricity and power sector. |
|
|
|
|
Products/ Services : |
E.P.C. Contracts |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
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Customers : |
Africa: · NEC - National Electricity Corporation, Sudan · EDM- Energie Du Mali-SA- Mali · EDM- Electricidade De Mocambique · ZESCO - ZAMBIA · CBOH - Zambia · CEET - Compagnie Energie Electrique Du Togo- Togo · ZAMSIF - Zambia · SMRI - Morocco · ONE - Office National De L'electricite, Morocco · SOFAFE SARAL - Algeria · SONELGAZ - Algeria · ENE - Angola · EDEL - General Empressa De Distribusao De Electricidade, Angola · CEB - Central Electricity Board, Mauritius · STEG - Societe Tuisienne De L'electricite Et Du Gaz, Tunisia · ECG - Electricity Company of Ghana, Ghana · MOE - Ministry of Energy, Ghana · VRA - Volta River Authority, Ghana Middle East: · JEPCO - The Jordanian Electric Power Co Limited, Jordan · EDCO - Electricity Distribution Co Jordan · MINISTRY OF ELECTRICITY - Baghdad , Iraq · AACA - Afghanistan Assistance Co-Ordination Authority , Afghanistan Other Countries: · UNOPS - United Nations Office For Project Services · UNDP - United Nations Development Programme · MEM - Ministry of Energy and Mines, Peru · HVPNL - Haryana Vidyut Prasaran Nigam Limited, India |
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Bankers : |
·
Indian Bank, Greater Kailash-I Branch, 13,
Zamrudpur Community Centre, Kailash colony Extension, New Delhi – 110 048,
India ·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400 018,
Maharashtra, India ·
Barclays Bank, Maputo, Mozambique ·
Barclays Bank, Nampula, Mozambique ·
Bank of Africa, Bamako, Mali ·
Bank of Africa, Koutiala, Mali |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Arun K. Gupta and Associates Chartered Accountants |
|
Address : |
D-58, East of Kailsh, New Delhi – 110 065, India |
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Tel. No.: |
91-11-26287884 |
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Fax No.: |
91-11-26472939 |
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Email : |
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PAN No.: |
AAFFA5512J |
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Associate
Companies : |
Mohan Exports
(India) Private Limited, India (CIN No.: U74899DL1974PTC007138) |
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Subsidiary
Companies : |
·
Acumen Estates Private Limited, India (CIN No.: U70101DL2008PTC173952)
·
Mohan Energy Corporation, Mozambique |
CAPITAL STRUCTURE
As on 21.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6181800 |
Equity Shares |
Rs.10/- each |
Rs.61.818
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
61.818 |
61.818 |
61.818 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
96.862 |
38.490 |
11.928 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
158.680 |
100.308 |
73.746 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.312 |
10.717 |
11.940 |
|
|
2] Unsecured Loans |
31.555 |
45.383 |
95.631 |
|
|
TOTAL BORROWING |
40.867 |
56.100 |
107.571 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
199.547 |
156.408 |
181.317 |
|
|
|
|
|
|
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|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.481 |
6.030 |
4.437 |
|
|
Capital work-in-progress |
1.192 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.522 |
0.522 |
0.100 |
|
|
DEFERRED TAX ASSETS |
0.000 |
1.599 |
1.129 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
49.018
|
8.686 |
0.799 |
|
|
Sundry Debtors |
169.646
|
106.364 |
222.227 |
|
|
Cash & Bank Balances |
384.434
|
124.567 |
155.899 |
|
|
Other Current Assets |
6.827
|
3.391 |
1.945 |
|
|
Loans & Advances |
59.047
|
38.365 |
41.732 |
|
Total
Current Assets |
668.972
|
281.373 |
422.602 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
266.922
|
33.864 |
80.166 |
|
|
Other Current Liabilities |
190.703
|
81.862 |
148.627 |
|
|
Provisions |
22.995
|
17.390 |
18.158 |
|
Total
Current Liabilities |
480.620
|
133.116 |
246.951 |
|
|
Net Current Assets |
188.352
|
148.257 |
175.651 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
199.547 |
156.408 |
181.317 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Project Revenue |
745.117 |
300.507 |
422.818 |
|
|
|
Other Income |
25.300 |
21.752 |
16.631 |
|
|
|
TOTAL |
770.417 |
322.259 |
439.449 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
281.447 |
399.612 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
672.230 |
281.447 |
399.612 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
98.187 |
40.812 |
39.837 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.013 |
1.595 |
0.844 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
96.174 |
39.217 |
38.993 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
36.458 |
14.000 |
16.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
59.716 |
25.217 |
22.973 |
|
|
|
|
|
|
|
|
|
Add |
BALANCE BROUGHT
FORWARD |
38.491 |
11.929 |
(7.089) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
FORWARD |
98.207 |
37.146 |
15.884 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sale of Goods (on FOB basis) |
740.476 |
177.284 |
315.555 |
|
|
|
Services Rendered |
|
105.675 |
42.184 |
|
|
|
Other (including freight and insurance) |
|
13.043 |
18.995 |
|
|
TOTAL EARNINGS |
740.476 |
296.002 |
376.734 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.66 |
4.08 |
6.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.75
|
7.83 |
5.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.91
|
13.05 |
9.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.18
|
13.65 |
9.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.61
|
0.39 |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.26
|
0.56 |
1.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39
|
2.11 |
1.71 |
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 |
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 |
Yes |
|
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 |
No |
|
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 Loans |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
in Millions) |
|
Rupee term loans others unsecured |
26.555 |
45.383 |
|
Loans directors unsecured |
5.000 |
0.000 |
|
Total
|
31.555 |
45.383 |
BUSINESS REVIEW:
The Company
recorded turnover of Rs.845.100 millions during the year. Company’s turnover
showed a healthy increase of 250% as compared to the previous year.
The contracts for
220 kV Transmission Line Projects for Haryana Vidyut Prasaran Nigam Limited in
Yamunanagar were completed satisfactorily and handed over to the customer. The
work on the second phase of the Interconnection Project in Mali is in advance stage
of completion and is expected to be completed by December 2011. Similarly, the
contract for Rehabilitation / Extension of Distribution Network in Togo is
expected to be completed by October 2011. The 40 KW Biomass Plant in Guinea
Bissau is also expected to be completed during the year 2011.
The Company was
able to receive new contracts during the year. Some of these contracts are for
supply of 161 kV and 220 Towers and Accessories to GRIDCO, Ghana, Capacitor
Bank to Iraq and Distribution Materials to Zambia.
The Company was
also successful in getting turnkey contracts for setting-up a Substation in
Mali as well as for Solar Electrification of Primary Health Centres in Gaza and
Sofala Provinces in Mozambique.
The Company participated in a number of tenders during the year and the
outlook for the year 2011-2012 is bright.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U74991DL2006PTC148755 |
|
Name of the company |
MOHAN ENERGY CORPORATION PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Mohan House, 8-9, Zamrudpur Community Centre, Kailash Colony
Extension, New Delhi – 110 048, India E-Mail: mohanexp@vsnl.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book Debts Movable Property (not being pledge) Floating Charge Others (All Current Assets and Movable
Fixed Assets) |
|
Particular of charge holder |
Yes Bank
Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli, Mumbai – 400 018, Maharashtra, India E-Mail: delhicadmidoffice@yesbank.in |
|
Nature of description of the instrument
creating or modifying the charge |
Deed of Hypothecation dated 24.01.2013 |
|
Date of instrument Creating the charge |
24.01.2013 |
|
Amount secured by the charge |
Rs.300.000 millions |
|
Brief particulars of the principal terms an
conditions and extent and operation of the charge |
Rate of Interest: PBG-I/Inland SLC/ULC-I/Foreign SLC/ULC-I:
1.50% per annum plus applicable taxes payable up front. PBG II/Inland SLC/ULC-II/Foreign
SLC/ULC-II: 1.50% per annum plus applicable taxes payable up front. Terms of Repayment: Performance Bank Guarantee I (PBG I): NA Inland Letter of Credit - Sight / Usance I
(Inland SLC/ULC-I) : NA Foreign Letter of Credit -Sight / Usance I
(Foreign SLC/ULC I) : NA Performance Bank Guarantee II (PBG II) :
NA Inland Letter of Credit - Sight / Usance
II (Inland SLC/ULC-II) : NA Foreign Letter of Credit - Sight / Usance
II (Foreign SLC/ULC-II) : NA Margin: PBG-I / Inland SLC/ULC-I / Foreign SLC/ULC
I : 5% of the transaction amount in the form of Fixed Deposits duly lien
marked in favor of the Lender. PBG-II / Inland SLC/ULC-II / Foreign
SLC/ULC-II : NIL Extent and Operation of the charge: Subservient Charge on all the Current
Assets and Movable Fixed Assets of the Borrower (both present and future) Others; Nil |
|
Short particulars of the property charged |
Subservient Charge on all the Current
Assets of the Borrower (both present
and future) Subservient Charge on all the Movable
Fixed Assets of the Borrower (both present and future) located anywhere in
India. |
FIXED ASSETS:
·
Plant and Machinery
·
Motor Vehicles
·
Electrical Equipment and
Fixtures
·
Office Equipment
·
Computers
·
Furniture and Fixtures
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.54.48 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.71.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.