MIRA INFORM REPORT
|
Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
P. G. TIMBER PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
78, Bentick Street, "Shree Krishna Chamber", 2nd
Floor, Unit - 2B, Kolkata-700001, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.12.2007 |
|
|
|
|
Com. Reg. No.: |
21-120882 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.274 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20290WB2007PTC120882 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Plywood, Flush Door, Pannel Door and also engaged in
Timber Trading. |
|
|
|
|
No. of Employees
: |
Not Available |
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 270000 |
|
|
|
|
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 profitability of the company appears to be low. The external
borrowings appear to be increasing over years. 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) |
|
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: B+ |
|
Rating Explanation |
High risk of default |
|
Date |
23.07.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
23.07.2012 |
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 : |
78, Bentick Street, "Shree Krishna Chamber", 2nd
Floor, Unit - 2B, Kolkata-700001, West Bengal, India |
|
Tel. No.: |
91-33-22257780 / 22257779 / 22257781 |
|
Fax No.: |
91-33-22257779 |
|
E-Mail : |
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|
|
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Godown and Factory : |
180/1/G/H/A, N.T. Road, Baidyabati, District Hooghly, West Bengal,
India |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Ajay Kumar Gupta |
|
Designation : |
Director |
|
Address : |
213, Maharshi Devendra Road, Kolkata-700007, West Bengal, India |
|
Date of Birth/Age : |
10.06.1971 |
|
Date of Appointment : |
07.12.2007 |
|
DIN No.: |
00651928 |
|
|
|
|
Name : |
Ms. Ganga Prasad Gupta |
|
Designation : |
Director |
|
Address : |
30, M.D. Road, Kolkata-700007, West Bengal, India |
|
Date of Birth/Age : |
19.05.1951 |
|
Date of Appointment : |
07.12.2007 |
|
DIN No.: |
01669875 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ajay
Kumar Gupta |
|
5000 |
|
Ganga
Prasad Gupta |
|
5000 |
|
M
B Woodcraft Private Limited |
|
400000 |
|
Anubhav
Infrastructure Limited |
|
1000 |
|
Apex
Procon Private Limited |
|
380 |
|
Barharwa
Realtors Private Limited |
|
600 |
|
Champion
Advisory Private Limited |
|
800 |
|
Imperial
Retail Private Limited |
|
400 |
|
Lotus
Dealmark Private Limited |
|
200 |
|
Mayapur
Merchandise Private Limited |
|
600 |
|
Pashupati
Dealcom Private Limited |
|
7400 |
|
Prime
Rose Commosales Private Limited |
|
400 |
|
Prudent
Vanijya Private Limited |
|
800 |
|
Respect
Vyapaar Private Limited |
|
200 |
|
Sanjay
Tie Up Private Limited |
|
400 |
|
Trust
Worthy Viniyog Private Limited |
|
200 |
|
Vaikunth
Vintrade Private Limited |
|
1400 |
|
Vasu
Consultants Private Limited |
|
600 |
|
Vigneshwara
Dealmark Private Limited |
|
2000 |
|
Total |
|
427380 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
2.34 |
|
Others |
97.66 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Plywood, Flush Door, Pannel Door and also engaged in
Timber Trading. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
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|||||||||
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Bankers : |
State Bank of India, Chowringhee Branch, 38B, Chowringhee Road, Kolkata - 700071, West Bengal, India |
|||||||||
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Facilities : |
|
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|
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Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
Naveen singh and associates Chartered Accountants |
|
Address : |
51,Nalini Seth Road, Ground Floor, Office No. 2, Kolkata- 700007, West
Bengal, India |
|
Mobile No.: |
91-9903046174 |
|
Fax No.: |
91-33-22743209 |
|
E-Mail : |
|
|
PAN No.: |
AAIFN6001E |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1300000 |
Equity Shares |
Rs.10/- each |
Rs. 13.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
427380 |
Equity Shares |
Rs.10/- each |
Rs. 4.274 Millions |
|
|
|
|
|
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 |
4.274 |
4.100 |
4.100 |
|
|
2] Share Application Money |
0.000 |
7.500 |
0.000 |
|
|
3] Reserves & Surplus |
64.485 |
17.905 |
16.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.455) |
|
|
NETWORTH |
68.759 |
29.505 |
19.645 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
30.053 |
14.482 |
0.000 |
|
|
2] Unsecured Loans |
0.163 |
5.593 |
0.000 |
|
|
TOTAL BORROWING |
30.216 |
20.075 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.446 |
0.514 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
99.421 |
50.094 |
19.645 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
18.784 |
21.038 |
2.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.054 |
0.054 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
85.831
|
81.994 |
0.000 |
|
|
Sundry Debtors |
90.573
|
48.886 |
0.000 |
|
|
Cash & Bank Balances |
3.600
|
3.587 |
11.169 |
|
|
Other Current Assets |
3.162
|
3.190 |
0.000 |
|
|
Loans & Advances |
5.804
|
21.881 |
6.261 |
|
Total
Current Assets |
188.970
|
159.538 |
17.430 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
102.494
|
126.577 |
0.000 |
|
|
Other Current Liabilities |
4.307
|
3.417 |
0.206 |
|
|
Provisions |
1.586
|
0.542 |
0.000 |
|
Total
Current Liabilities |
108.387
|
130.536 |
0.206 |
|
|
Net Current Assets |
80.583
|
29.002 |
17.220 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.421 |
|
|
|
|
|
|
|
|
TOTAL |
99.421 |
50.094 |
19.645 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
375.998 |
263.040 |
0.000 |
|
|
|
Other Income |
0.250 |
0.490 |
0.002 |
|
|
|
TOTAL (A) |
376.248 |
263.530 |
0.002 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
5.179 |
|
|
|
|
|
Purchases of Stock-in-Trade |
351.410 |
327.676 |
|
|
|
|
Other Manufacturing Expenses |
2.228 |
1.348 |
0.394 |
|
|
|
Employee Benefit Expenses |
0.598 |
1.431 |
|
|
|
|
Other Administrative and Selling Expenses |
1.134 |
0.917 |
|
|
|
|
Other Expenses |
0.087 |
0.084 |
|
|
|
|
Changes in Inventories of Finished Goods |
(0.254) |
(80.592) |
|
|
|
|
TOTAL (B) |
360.382 |
251.414 |
0.394 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
15.866 |
12.116 |
(0.392) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.543 |
7.588 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.323 |
4.528 |
(0.392) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.408 |
1.112 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
4.915 |
3.416 |
(0.392) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.519 |
1.055 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
3.396 |
2.361 |
(0.392) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.905 |
(0.456) |
(0.064) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5.209 |
1.905 |
(0.456) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.66 |
5.76 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.90
|
0.90 |
(19600.00) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.31
|
1.30 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.37
|
1.89 |
(2.02) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.12 |
(0.02) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.44
|
0.68 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74
|
1.22 |
84.61 |
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 |
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 |
----- |
|
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 |
Yes |
NOTE
The registered office of the company has been shifted from 207, Maharshi
Debendra Road, Kolkata (West)- 700007, Bengal, India to the present address
w.e.f. 02.06.2010
UNSECURED LOAN
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Unsecured loan |
0.163 |
5.593 |
|
Total |
0.163 |
5.593 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U20290WB2007PTC120882 |
|
Name of the company |
P. G. TIMBER PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
78, Bentick Street, "Shree Krishna Chamber", 2nd Floor, Unit - 2B, Kolkata-700001, West Bengal, India Email: mbtpl@sify.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10136813 |
|
Type of charge |
|
|
Particular of charge holder |
State Bank of India, Chowringhee Branch, 38B, Chowringhee Road, Kolkata - 700071, West Bengal, India Email: |
|
Nature of instrument creating charge |
Memorandum for Recording Extension of Mortgage by Deposit of Title Deeds Covering Enhanced Limits and/or Creation of Equitable Mortgage on Additional Properties for Existing Limits and Enhanced Limits and Additional Facilities (SME-7). Guarantee Agreement (SME-3). |
|
Date of instrument Creating the charge |
03.02.2012 |
|
Amount secured by the charge |
Rs. 550.000 millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest For Cash Credit: @5.75% above SBAR, Present effective rate @15.75% p.a. with monthly rests. Terms of Repayment The borrowings are repayable on demand. There is no Term Loan in the Credit Facility and as such no terms of repayment are stated. The loan is for Working Capital only which is repayable on demand according to Banking norms. Margin 25% of Finished Goods, 20% of Letters of Credit, and 20% of Bank Guarantees. Extent and Operation of the charge First Charge on the whole of the mortgaged properties as a continuing security. Security Provider : P. G. Timber Private Limited (Guarantor) is the Security Provider for the loan amount of Rs. 550.000 millions granted or to be granted by the Chargeholder (Bank) to G. B. Logs and Timber Private Limited (Borrower). |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
All the piece and parcel of land measuring 68.02 satak at Mouza - Chowk, J. L. No.1, L. R. Khatian Nos.45, 78, 316, 450, 489, 331, 143, 304, 171 and L. R. Dag Nos.85, 89/973, 90, 94, 95, 110 P. S. - Serampore, District - Hooghly vide Deed No.03495/08. |
|
Date of instrument modifying the charge |
05/04/2011 |
|
Particulars of the present modification |
By this modification, the Overall Limit is enhanced from Rs.350.000 millions to Rs.550.000 millions. Particulars of Immovable Properties and all other terms and conditions continue to remain as before in full force and effect The break-up is like this:- Cash Credit - Rs.100.000 millions Letter of Credit (Buyer's credit limit Rs.150.000 millions) - Rs.300.000 millions Bank Guarantee (Interchangeble with Letter of Credit ) - Rs.50.000 millions Forward Contract - Rs.100.000 millions |
FIXED ASSETS
- Office Printer
- Buildings
- Plant and
Machinery
- Factory Shed
- Vehicle
- Fire
Extinguisher
- Mobile Phone
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.54.34 |
|
|
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--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.