Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
TAYAJE AND SONS PRIVATE LIMITED |
Principal Name 1 |
Mr. Manoj Chotra |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Ruchee Chotra |
|
|
|
Registration # |
077828 |
|
Street Address |
11/3 Demodar Park, Dilshad Garden Industrial Area, New Delhi 110055 |
||
|
Established Date |
03.04.1996 |
SIC Code |
-- |
|
Telephone# |
91-11-22121777 |
Business Style 1 |
Manufacturer of PVC Compound, PVC Resin, Wires, Cables |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
7,880,200 |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors - 60.72% |
Banking |
Oriental Bank of Commerce |
|
Public Limited Corp. |
-- |
Business Period |
17 years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
49,921,000 |
Current Liabilities |
31,861,000 |
|
Inventories |
4,583,000 |
Long-term Liabilities |
14,640,000
|
|
Fixed Assets |
897,000 |
Other Liabilities |
29,000 |
|
Deferred Assets |
0 |
Total Liabilities |
46,530,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
991,000 |
|
|
0 |
Net Worth |
8,871,000 |
|
Total Assets |
55,401,000 |
Total Liab. & Equity |
55,401,000 |
|
Total Assets (Previous Year) |
22,869,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
11.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
TAYAJE AND SONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
11/3 Demodar Park, Dilshad Garden Industrial Area, New Delhi 110055 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.04.1996 |
|
|
|
|
Com. Reg. No.: |
077828 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 7.880 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27201DL1996PTC077828 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of PVC Compound, PVC Resin, Wires, Cables |
|
|
|
|
No. of Employees
: |
Not Available |
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 35484 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Reserves of
the company seems to insufficient. However, trade relations are reported as
fair. Business is active. Payments are reported to be 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) |
|
India |
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
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
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 : |
11/3 Demodar Park, Dilshad Garden Industrial Area, New Delhi 110055,
India |
|
Tel. No.: |
91-11-22121777 |
|
Mobile No.: |
91-9811113511 (Mr. Manoj) |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. Manoj Chotra |
|
Designation : |
Director |
|
Address : |
C-168, Block C, Surajmal Vihar, Delhi 110092,
India |
|
Date of Birth/Age : |
01.05.1971 |
|
Date of Appointment : |
03.04.1996 |
|
DIN No.: |
00375383 |
|
|
|
|
Name : |
Mrs. Ruchee Chotra |
|
Designation : |
Director |
|
Address : |
C-168, Block C, Surajmal Vihar, Delhi 110092,
India |
|
Date of Birth/Age : |
15.01.1973 |
|
Date of Appointment : |
03.04.1996 |
|
DIN No.: |
00541603 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2012
|
Names of Shareholders |
No. of Shares |
|
Manoj
Kumar |
293000 |
|
Ruchee
Chotra |
185500 |
|
Gurpal
Singh |
36300 |
|
Simsara
Singh |
5900 |
|
P.S.Kullar |
16010 |
|
Deepak
Kullar |
6010 |
|
Mohit
Kullar |
4210 |
|
Kavita
Kullar |
7010 |
|
Virender
Kumar |
10 |
|
Raja
Ram Aggarwal |
10 |
|
Ompal
Panwar |
10 |
|
M/s
Hudan Enterprises, Punjab |
2510 |
|
Omprakash
Tyagi |
5010 |
|
Sarvan
Kumar Soni |
10 |
|
M/s
Sewak Industries, Punjab |
10 |
|
K.K.Malhotra |
10 |
|
Manoj
Kumar Gupta |
5000 |
|
Ram
Charan |
5000 |
|
Ram
Kumar Gupta |
5000 |
|
Umesh
Kumar Goel |
5000 |
|
Uday
Bhan Goel |
5000 |
|
Jagtar
Singh |
35000 |
|
Gani
Mohinder Singh |
10000 |
|
M/s
Sewak Industries, Bengal |
10000 |
|
Balraj
Singh |
10000 |
|
Tilak
Ram Chowdhry |
17500 |
|
Om
Prakash Tyagi |
10000 |
|
Devender
Singh |
30000 |
|
Vinay
Middha |
50000 |
|
Satguru
Prasad |
30000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
60.72 |
|
Other top fifty shareholders |
39.28 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of PVC Compound, PVC Resin, Wires, Cables |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Oriental Bank of Commerce, 31, Milestone, Shakti
Bhawan, G T Road, Kundli, Sonipat 131001, Haryana, India ·
Punjab and Sind Bank |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
Rs. In Millions
Secured
against Properties of Sita Rani, Ruchee Chotra and Manoj Kumar |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M Sharma and Associates |
|
Address : |
109, Wing II, Hans Bhawan 1 Bahadur Shah Zafar Marg, New Delhi 110002,
India |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
788020 |
Equity Shares |
Rs. 10/- each |
Rs. 7.880 millions |
Reconciliation of the
shares outstanding at the begenning and at the end of the reporting period
|
|
31.03.2013 |
31.03.2011 |
|
No.
of Shares at the begenning of the period |
Rs. 7.880
millions |
Rs. 7.880
millions |
|
Add-
No. of Shares issued |
-- |
-- |
|
Less-
No. of Shares bought back |
-- |
-- |
|
No. of Shares at the End of the period |
Rs.
7.880 millions |
Rs.
7.880 millions |
Terms / Rights attached to Equity Shares:
Company has only one class of equity shares having a par value of Rs. 10/-.
Each holder of equity shares is entitled to one vote per share. The dividend,
if any, proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuing AGM.
In the event of liquidation of the company the holders of equity shares
will be entitled to receive remaining assets of the company after distribution
of all preferential amounts. The distribution will be in proportion to the
number of equity shares held by the shareholders.
None of the shares in any/each class is held by its holding company or
its ultimate holding company including shares held by or by subsidiaries or
associates of the holding company or the ultimate holding company in aggregate.
Details of shareholders holding more than 5%
Equity Shares in the Company
|
|
2011-12 |
2010-11 |
||
|
|
No. of Shares |
% of Holding |
No. of Shares |
% of Holding |
|
Equity Shares |
|
|
|
|
|
Manoj Kumar |
293000 |
37.18 |
43000 |
5.46 |
|
Ruchee Chotra |
185500 |
23.54 |
10550 |
1.34 |
|
Vinay Middha |
50000 |
6.35 |
50000 |
6.35 |
As per of the company, including its register of shareholders/members
and other declarations received from shareholders regarding beneficial
interest, the above shareholding represents both legal and beneficial ownership
of shares.
·
Shares are not reserved for issue under
options and contracts commitments for sale of shares.
·
No shares are issued other than for cash
persuant to contracts(last 5 years)
·
No shares were bought back.(last 5 years).
·
There are no convertible securities.
·
No calls are unpaid(including directors and
officers)
·
No forfeited shares (original paid amount)
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
7.880 |
7.880 |
7.880 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.991 |
0.752 |
0.588 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
8.871 |
8.632 |
8.468 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.730 |
8.414 |
8.565 |
|
|
2] Unsecured Loans |
4.910 |
3.380 |
0.000 |
|
|
TOTAL BORROWING |
14.640 |
11.794 |
8.565 |
|
|
DEFERRED TAX LIABILITIES |
0.029 |
0.030 |
0.044 |
|
|
|
|
|
|
|
|
TOTAL |
23.540 |
20.456 |
17.077 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.897 |
1.103 |
1.281 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.583
|
2.619 |
4.122 |
|
|
Sundry Debtors |
43.109
|
18.295 |
33.934 |
|
|
Cash & Bank Balances |
5.496
|
0.422 |
0.365 |
|
|
Other Current Assets |
0.777
|
0.147 |
0.000 |
|
|
Loans & Advances |
0.539
|
0.283 |
6.002 |
|
Total
Current Assets |
54.504
|
21.766 |
44.423 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
31.478
|
1.743 |
22.553 |
|
|
Other Current Liabilities |
0.250
|
0.583 |
5.329 |
|
|
Provisions |
0.133
|
0.087 |
0.758 |
|
Total
Current Liabilities |
31.861
|
2.413 |
28.640 |
|
|
Net Current Assets |
22.643
|
19.353 |
15.783 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.013 |
|
|
|
|
|
|
|
|
TOTAL |
23.540 |
20.456 |
17.077 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
NET RECEIPTS |
188.406 |
130.486 |
136.670 |
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT BEFORE
DEPRECIATION |
0.593 |
0.465 |
0.448 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.182 |
0.227 |
(0.271) |
|
|
|
|
|
|
|
|
PROFIT AFTER
DEPRECIATION |
0.411 |
0.238 |
0.177 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.752 |
0.588 |
0.462 |
|
|
|
|
|
|
|
Less |
Provision / Payment of Income Tax / FBT |
(0.133) |
(0.088) |
(0.076) |
|
Less |
Deferred Tax |
0.001 |
0.014 |
0.025 |
|
Less |
Earlier Year Tax Adjustment |
(0.039) |
-- |
-- |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.992 |
0.752 |
0.588 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.25 |
-- |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.24
|
1.65 |
4.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71
|
9.02 |
1.55 |
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 |
-- |
|
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 |
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 |
No |
|
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 |
------- |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
------- |
|
34] |
External Agency Rating,
if available |
-------- |
FORM 8
|
Corporate
identity number of the company |
U27201DL1996PTC077828 |
|
Name of the
company |
TAYAJE AND SONS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
11/3 Demodar Park, Dilshad Garden Industrial Area, New Delhi 110055, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable property
|
|
Particular of
charge holder |
Oriental Bank of Commerce, 31, Milestone, Shakti Bhawan, G T Road,
Kundli, Sonipat 131001, Haryana, India
Email: tayaje@rediffmail.com |
|
Nature of instrument
creating charge |
Common Agreement
(Loan Doc. 38), Supplemental Agreement to secure Credit/ Loan facilities
(Loan Doc. 13), Application for Irrevocable Letter of Credit (Loan Doc. 9)
and Agreement of Guarantee (Loan Doc. 11) all dated 23rd October 2010. |
|
Date of
instrument Creating the charge |
23/10/2010 |
|
Amount secured by
the charge |
Rs. 30.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 12% p.a. payable at
montly rests. Terms of repayment On demand Extent and operation of the charge 100% Other The limit of Rs.
30.000 millions include: Cash Credit
(Hyp.) – 10.000 millions Letter of Credit
(Inland/Foreign) – 20.000 millions |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. If yes, in whose
name it is registers |
Yes, Sh. Manoj Kumar
Smt. Sita Rani and Smt. Ruchee Chotra |
|
Date of
instrument modifying the charge |
08/09/2009 |
|
Particulars of
the present modification |
The existing
limit of Rs. 23.500 millions stands enhanced to Rs. 30.000 millions
consisting of Cash Credit - Rs. 10.000 millions and Letter of Credit - Rs.
20.000 millions. |
FIXED ASSETS:
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer
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 records 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 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.54.40 |
|
|
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.71.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
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.