MIRA INFORM REPORT
|
Report Date : |
02.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
APCO INFRATECH LIMITED |
|
|
|
|
Registered
Office : |
B-9 Vibhuti Khand, Gomtinagar, Lucknow – 226010, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.01.1992 |
|
|
|
|
Com. Reg. No.: |
20-013969 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.241.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51432UP1992PLC013969 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The Subject is engaged in infrastructure development with major interest in Highways, Power sector, Urban Infrastructure and Industrial Development operations. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There appears huge increase in its external borrowings during 2012
which is expected to still increase in the coming years. It has recorded better growth in its turnover and profits during 2012. Trade relations are fair. Business is active. Payment terms are slow
but correct. The company can be considered for business dealings at usual trade
terms and conditions. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB+ (Long Term Rating) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
December 18, 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/ Head Office : |
B-9 Vibhuti Khand, Gomtinagar, Lucknow – 226010, Uttar Pradesh, India |
|
Tel. No.: |
91-522-4036111-120, 2720520/ 521 |
|
Fax No.: |
91-522-4036100/ 2720479 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Universal Trade Tower 4th Floor, Sector 49, Sohna Road,
Gurgaon – 122101, Haryana, India |
|
Tel. No.: |
91-124-4417300 |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Anil Kumar Singh |
|
Designation : |
Managing Director |
|
Address : |
5/117, Vinay Khand, Gomti Nagar, Lucknow - 226010, Uttar Pradesh, India |
|
Date of Birth/Age : |
01.03.1966 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
23.01.1992 |
|
PAN No.: |
AVGPS4054H |
|
DIN No.: |
00534326 |
|
|
|
|
Name : |
Mr. Vinod Kumar Singh |
|
Designation : |
Whole Time Director |
|
Address : |
5/117, Vinay Khand, Gomti Nagar, Lucknow - 226010, Uttar Pradesh, India |
|
Date of Birth/Age : |
01.07.1968 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
BWIPS3049C |
|
DIN No.: |
00536122 |
|
|
|
|
Name : |
Mr. Rajesh Pratap Singh |
|
Designation : |
Director |
|
Address : |
232, Raipur, Amethi – 222050, Uttar Pradesh, India |
|
Date of Birth/Age : |
03.07.1959 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.10.1996 |
|
DIN No.: |
00537865 |
KEY EXECUTIVES
|
Name : |
Mr. Vudatala Seshagiri Rao |
|
Designation : |
Manager |
|
Address : |
L-4-211, Vinay Khand, Gomti Nagar, Lucknow - 226010, Uttar Pradesh, India |
|
Date of Birth/Age : |
07.05.1958 |
|
Date of Appointment : |
09.03.2007 |
|
PAN No.: |
AGEPR2921F |
|
|
|
|
Name : |
Ms. Kusum Gupta |
|
Designation : |
Secretary |
|
Address : |
5/284, B Vipul Khand, Gomti Nagar, Lucknow - 226010, Uttar Pradesh, India |
|
Date of Birth/Age : |
12.07.1976 |
|
Date of Appointment : |
02.07.2012 |
|
PAN No.: |
AMOPG8153E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Anil Kumar Singh |
618645 |
18.95 |
|
Suman Singh |
357295 |
10.94 |
|
Vinod Kumar Singh |
284340 |
8.71 |
|
Radha Singh |
244190 |
7.48 |
|
Vinay Kumar Singh |
79000 |
2.42 |
|
Vimal Kumar Singh |
172180 |
5.27 |
|
R.P. Singh |
10000 |
0.31 |
|
D.B. Singh |
18000 |
0.55 |
|
R.A. Yadav |
18000 |
0.55 |
|
Amit k. Singh |
127350 |
3.90 |
|
Arpit k.Singh |
105000 |
3.22 |
|
Akansha Singh |
50000 |
1.53 |
|
Aankita Singh |
35000 |
1.07 |
|
Kamala Singh |
170000 |
5.21 |
|
Sweta Singh |
48000 |
1.47 |
|
Raj K. Singh |
9000 |
0.27 |
|
Sandhya Singh |
9000 |
0.27 |
|
Ashish K. Singh |
9000 |
0.27 |
|
Big Brokers House Stock Limited |
125000 |
3.83 |
|
Cityon Systems India Limited |
585000 |
17.92 |
|
Silver Point Infratech Limited |
48000 |
1.47 |
|
Silverson Tradelink Private Limited |
43000 |
1.32 |
|
Commit Marketing Private Limited |
100000 |
3.06 |
|
|
|
|
|
Total |
3265000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
27.60 |
|
Directors or relatives of directors |
|
72.40 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in infrastructure development with major interest in Highways, Power sector, Urban Infrastructure and Industrial Development operations. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P N G and Company Chartered Accountants |
|
Address : |
64, Cantonment, Faizabad – 224001, Uttar Pradesh, India |
|
Tel. No.: |
91-5278-223703/ 225119 |
|
Mobile No.: |
91-9415048306 |
|
E-Mail : |
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|
PAN No.: |
AACFT3296M |
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|
|
|
Enterprises over which
Key Managerial personnel are able to exercise Significant influence : |
Ashirwad Service Station |
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5700000 |
Equity Shares |
Rs.100/- each |
Rs.570.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3265000 |
Equity Shares |
Rs.100/- each |
Rs.326.500 Millions |
|
|
|
|
|
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3700000 |
Equity Shares |
Rs.100/- each |
Rs.370.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2410000 |
Equity Shares |
Rs.100/- each |
Rs.241.000 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 |
241.000 |
200.000 |
120.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
577.125 |
325.828 |
195.408 |
|
|
4] (Accumulated Losses) |
79.000 |
41.000 |
30.000 |
|
|
NETWORTH |
897.125 |
566.828 |
345.408 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
583.875 |
590.850 |
291.496 |
|
|
2] Unsecured Loans |
786.525 |
36.956 |
45.353 |
|
|
TOTAL BORROWING |
1370.400 |
627.806 |
336.849 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2267.525 |
1194.634 |
682.257 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
635.569 |
358.702 |
281.827 |
|
|
Capital work-in-progress |
16.460 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
180.235 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.546 |
3.857 |
4.769 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1205.982
|
388.884 |
207.442 |
|
|
Sundry Debtors |
581.297
|
372.881 |
290.163 |
|
|
Cash & Bank Balances |
438.813
|
321.206 |
242.111 |
|
|
Other Current Assets |
90.261
|
70.522 |
71.866 |
|
|
Loans & Advances |
107.768
|
254.121 |
88.453 |
|
Total
Current Assets |
2424.121
|
1407.614 |
900.035 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
194.347
|
80.746 |
108.870 |
|
|
Other Current Liabilities |
675.793
|
427.793 |
345.783 |
|
|
Provisions |
119.266
|
67.000 |
49.746 |
|
Total
Current Liabilities |
989.406
|
575.539 |
504.399 |
|
|
Net Current Assets |
1434.715
|
832.075 |
395.636 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.025 |
|
|
|
|
|
|
|
|
TOTAL |
2267.525 |
1194.634 |
682.257 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4461.021 |
2583.560 |
1571.109 |
|
|
|
Other Income |
26.628 |
15.594 |
12.896 |
|
|
|
TOTAL (A) |
4487.649 |
2599.154 |
1584.005 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
3492.534 |
1670.543 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(817.097) |
(181.442) |
|
|
|
|
Employee benefit expense |
209.955 |
117.493 |
|
|
|
|
Other expenses |
982.097 |
633.439 |
|
|
|
|
Extraordinary items |
0.903 |
0.049 |
|
|
|
|
TOTAL (B) |
3868.392 |
2240.082 |
1365.271 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
619.257 |
359.072 |
218.734 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
137.378 |
81.652 |
65.785 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
481.879 |
277.420 |
152.949 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
108.486 |
79.462 |
56.412 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
373.393 |
197.958 |
96.537 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
122.096 |
67.538 |
35.628 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
251.297 |
130.420 |
60.909 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
195.407 |
134.498 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
195.407 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
104.27 |
54.12 |
50.76 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.60 |
5.02 |
3.85 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.37 |
7.66 |
6.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.21 |
11.21 |
8.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42 |
0.35 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.53 |
1.11 |
0.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.45 |
2.45 |
1.78 |
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 |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Other loans and advances |
786.525 |
36.956 |
|
|
|
|
|
Total |
786.525 |
36.956 |
CONTINGENT
LIABILITIES
(Rs. In Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
|
In Respect of Guarantees by banks on behalf of the company |
2229.994 |
1055.127 |
|
Letter of Credit to suppliers |
96.139 |
71.126 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U51432UP1992PLC013969 |
|
Name of the
company |
APCO INFRATECH
LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
B-9 Vibhuti Khand, Gomtinagar, Lucknow – 226010, Uttar Pradesh, India E-mail: kusumgupta@apcoinfra.com
|
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India E-mail: tanu.chugh@hdfcbank.com |
|
Nature of
instrument creating charge |
Agreement for
Loan and Guarantee. (Agreement No.:
80588657) [{(Rs.3.024 Millions)
+ (Rs.1.168 Millions) + (Rs.4.125 Millions) + (Rs.1.035 Millions)}] =
Rs.9.352 Millions |
|
Date of
instrument Creating the charge |
04.03.2013 |
|
Amount secured by
the charge |
Rs.9.352 Millions
|
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Interest @ 9.17,
9.54, and 9.66 % p.a. Terms of
Repayment (Rs. In Millions) The Loan is
repayable in 4 EMIs of Rs.0.091 [{(Rs.0.010) + (Rs.0.006 X 2 Nos.) +
(Rs.0.040) + (Rs.0.007 X 4 Nos.)} starting from 5th May, 2013 ending on 5th
August, 2013. and 43 EMIs of Rs.0.256 [{(Rs.0.029) + (Rs.0.016 X 2 Nos.)} +
(Rs.0.113) + (Rs.0.021 X 4 Nos.)}] starting from 5th September, 2013 ending
on 5th March, 2017. Margin As may be
stipulated by bank from time to time. Extent and
Operation of the charge The Company
hypothecates to and charges in favour of the Bank by way of first and
exclusive charge of the Vehicle/ equipment described in Item No. 15 as
security for the repayment/payment by the company of the loan granted or to
be granted to the company by the Bank together with all fees, interest, costs
and expenses incurred/to be incurred by the Bank and all other monies payable
or to become payable by the company to the Bank. Others The Bank shall be
absolutely entitled and have full power and authority to sell, assign or
transfer in any manner, in whole or in part, and in such manner and on such
terms as the Bank may decide, including reserving a right to the Bank to
retain its power to proceed against the company on behalf of the purchaser,
assignee or transferee, any or all outstanding dues of the company, to any
third party of the Bank's choice without reference to or without written
intimation to the company. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
8 Nos. Equipment namely 1 Nos. : JAKSON 250 KVA DG SET. Engine No. Year of
Manufacture: 2013) 2 Nos. : Apollo
Bitumer Sp Raper. Engine No. 1 No. : Schwing
Batching Plant. Engine No. 4 Nos. : Schwing
Transit Mixer. Engine No. |
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
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.54.22 |
|
|
1 |
Rs.84.00 |
|
Euro |
1 |
Rs.70.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.