MIRA INFORM REPORT
|
Report Date : |
03.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
DEEPAK INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
B-57-B, Focal Point, Phase VII, Ludhiana-141010, Punjab |
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|
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|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
04.11.1976 |
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|
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Com. Reg. No.: |
16-003695 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.38.520
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909PB1976PLC003695 |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Manufacturer of Bicycle Parts, Hand Tools, Fasteners, Diesel Engines
and Other Allied Engineering Products. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1010000 |
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|
|
|
Status : |
Satisfactory |
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|
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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 satisfactory track record. It
has recorded better growth in its turnover 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 |
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 / Factory : |
B-57-B, Focal Point, Phase VII, Ludhiana-141010, Punjab, India |
|
Tel. No.: |
91-161-2676251/53/2676256/57 |
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Fax No.: |
91-161-2676252 |
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E-Mail : |
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Website : |
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Head Office : |
803, Indra Prakash, 21, Barakhamba Road, New Delhi-110001, India |
|
Tel. No.: |
91-11-23322091/23723765 |
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Fax No.: |
91-11-23332661/3 |
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|
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|
Branch Office : |
Deepak Road, Industrial Area-B, Ludhiana-141003, Punjab, India |
|
Tel. No.: |
91-161-2530184/2532185/2534651/2539269 |
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Fax No.: |
91-161-2531789/25349556/2534546 |
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E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Deepinder Singh Ranger |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
25, Model Town, Ludhiana-141008, Punjab, India |
|
Date of Birth/Age : |
11.06.1945 |
|
Date of Appointment : |
04.01.1976 |
|
Din No.: |
00751004 |
|
|
|
|
Name : |
Mr. Neeraj Prakash Singh Ranger |
|
Designation : |
Whole Time Director |
|
Address : |
25, Model Town, Ludhiana-141008, Punjab, India |
|
Date of Birth/Age : |
28.11.1966 |
|
Date of Appointment : |
12.01.1988 |
|
Din No.: |
00751043 |
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|
|
|
Name : |
Kiran Ranger |
|
Designation : |
Whole Time Director |
|
Address : |
25, Model Town, Ludhiana-141008, Punjab, India |
|
Date of Birth/Age : |
29.08.1953 |
|
Date of Appointment : |
01.02.1988 |
|
Din No.: |
01774798 |
|
|
|
|
Name : |
Mr. Sandeep Ranger |
|
Designation : |
Whole Time Director |
|
Address : |
19 L, Model Town, Ludhiana-141008, Punjab, India |
|
Date of Birth/Age : |
26.08.1972 |
|
Date of Appointment : |
08.06.1992 |
|
Din No.: |
00751024 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Deepinder Singh Ranger |
|
119350 |
|
Manjit Ranger |
|
100 |
|
Kiran Ranger |
|
70850 |
|
Neeraj Prakash Singh Ranger |
|
107500 |
|
Sandeep Ranger |
|
87200 |
|
Harleen Ranger |
|
100 |
|
Meera Ranger |
|
100 |
|
|
|
|
|
TOTAL
|
|
385200 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bicycle Parts, Hand Tools, Fasteners, Diesel Engines
and Other Allied Engineering Products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Ashwani and Associates Chartered Accountants |
|
Address : |
19 A, Udham Singh Nagar, Civil Lines, Jalandhar-141001, Punjab, India |
|
Tel. No.: |
91-161-2301394/2301923 |
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Fax No.: |
91-161-2302083 |
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E-Mail : |
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|
Website : |
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PAN No: |
AAFFA9616H |
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Other Related Parties : |
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CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
385200 |
Equity Shares |
Rs.100/- each |
Rs.38.520
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 |
38.520 |
38.520 |
38.520 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
214.797 |
212.977 |
230.782 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
253.317 |
251.497 |
269.302 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
187.263 |
220.948 |
171.678 |
|
|
2] Unsecured Loans |
0.536 |
0.533 |
1.697 |
|
|
TOTAL BORROWING |
187.799 |
221.481 |
173.375 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
441.116 |
472.978 |
442.677 |
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
30.182 |
29.920 |
30.899 |
|
|
Capital work-in-progress |
0.641 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
119.353 |
61.132 |
0.770 |
|
|
DEFERREX TAX ASSETS |
2.289 |
2.072 |
44.324 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
30.979
|
23.254 |
19.169 |
|
|
Sundry Debtors |
174.460
|
147.648 |
135.759 |
|
|
Cash & Bank Balances |
52.393
|
158.982 |
159.744 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
103.982
|
124.841 |
103.104 |
|
Total
Current Assets |
361.814
|
454.725 |
417.776 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
34.477
|
62.359 |
|
|
|
Other Current Liabilities |
14.149
|
2.955 |
31.564 |
|
|
Provisions |
24.537
|
9.557 |
19.528 |
|
Total
Current Liabilities |
73.163
|
74.871 |
51.092 |
|
|
Net Current Assets |
288.651
|
379.854 |
366.684 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
441.116 |
472.978 |
442.677 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
511.576 |
352.964 |
372.158 |
|
|
|
Other Income |
38.989 |
38.610 |
19.625 |
|
|
|
TOTAL (A) |
550.565 |
391.574 |
391.783 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock in Trade |
452.697 |
|
|
|
|
|
Employees Benefits Expenses |
19.104 |
22.363 |
|
|
|
|
Other Expenses |
39.115 |
30.640 |
353.638 |
|
|
|
Share of Loss From Partnership |
4.328 |
9.192 |
|
|
|
|
Changes in Inventories of Finished Goods |
(7.491) |
(4.227) |
|
|
|
|
TOTAL (B) |
507.753 |
377.326 |
353.638 |
|
|
|
|
|
|
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|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
42.812 |
14.248 |
38.145 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
17.905 |
13.642 |
20.957 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
24.907 |
0.606 |
17.188 |
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.976 |
2.693 |
3.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
21.931 |
(2.087) |
13.924 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
11.098 |
2.243 |
4.785 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
10.833 |
(4.330) |
9.139 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT AVAILABLE
FOR APPROPRIATIONS |
21.931 |
(2.087) |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
Transfer to General Reserve |
1.820 |
(17.805) |
9.139 |
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
504.617 |
329.261 |
334.247 |
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods |
174.586 |
134.982 |
128.147 |
|
|
|
Capital Goods |
1.804 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
176.390 |
134.982 |
128.147 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
28.12 |
(11.24) |
23.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.97
|
(1.11) |
2.33 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.29
|
(0.59) |
3.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.59
|
(0.43) |
3.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
(0.01) |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.74
|
0.88 |
0.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.95
|
6.07 |
8.17 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Loans and Advances From Related Parties |
0.536 |
0.407 |
|
Other Loans and Advances |
0.000 |
0.126 |
|
TOTAL
|
0.536 |
0.533 |
PERFORMANCE REVIEW:
During the year, the turnover of the company
has increase to Rs.550.565 Millions against Rs.391.584 Millions in the previous
year. The funds available for appropriation is Rs.21.931 Millions during the
current year. The reserve and surplus, of the company are Rs.214.796 Millions
against Rs.212.977 Millions in the previous year. The effort are being made to
increase the turnover in the next year and the target is to increase it to 680
Millions.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90179105 |
|
Corporate
identity number of the company |
U51909PB1976PLC003695 |
|
Name of the
company |
DEEPAK
INTERNATIONAL LIMITED |
|
Address of the registered
office or of the principal place of
business in |
B-57-B, Focal Point, Phase VII, Ludhiana-141010, Punjab, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Immovable
Property |
|
Particular of charge
holder |
Oriental Bank of Commerce, Overseas Branch, Ludhiana-141003, Punjab,
India Email: bm0605@obc.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
agreement to secure credit/loan facilities |
|
Date of
instrument Creating the charge |
13.03.2012 |
|
Amount secured by
the charge |
Rs.200.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per terms and
conditions of the agreement Terms of Repayment On demand Margin As per terms and
conditions of the agreement Extent and Operation of the charge 100% Others All terms and
conditions will remained the same |
|
Short particulars
of the property charged |
Hypothecation of
stock of raw material and stock in process, finished goods, stores and spares Hypothecation of
book debts Foreign demand
doc/usues bills accompanied by airway/bill of landing against LC/confirmed
orders EQM of factory
land and building of two sheds, 31 shops and a double storey office complex
measuring 6478 sq.yds situated at Deepak Road Industrial Area B Ludhiana |
|
Particulars of
the present modification |
The credit/loan facilities
limit enhanced from Rs 170.000 Millions to Rs. 200.000 Millions with sub
limit of packing credit of Rs. 80.000 Millions and FDBP/FUDBP of Rs. 120.000
Millions fullyed convertible other terms and conditions will remained the
same. |
FIXED ASSETS:
- Land
- Guest House
- Factory
Building
- Plant and
Machinery
- Vehicles
- Furniture and
Fixtures
- Computer
NEWS:
DEEPAK INTERNATIONAL
LIMITED TO RE-OPEN DORMANT DIAMOND MANUFACTURING PLANTS
MINISTER DAVID
RAMSAY HERALDS "REBIRTH" OF INDUSTRY
JANUARY 8, 2013
SOMBA K'E/YELLOWKNIFE
After some rough years, Yellowknife's diamond manufacturing industry is
experiencing renewed optimism.
The GNWT announced Monday that Deepak International Limited, a diamond distribution company which started in Rae-Edzo, was granted Approved NWT Diamond Manufacturer (ANDM) status. The company has also signed agreements allowing it to exclusively use the Polar Bear Diamond trademark.
"It's a significant announcement," said David Ramsay, Minister of Industry, Tourism and Investment. "We are going to see the rebirth of the secondary industry here in Yellowknife and in the NWT and it’s a big announcement."
The decision to grant the approval was based on an application submitted by Deepak International Limited last year and it means the company can now purchase a portion of the 10 per cent of NWT rough diamond production offered by the territory's diamond producers to NWT cutting and polishing operations.
According to Deepak Kumar, president and chief executive officer of the company, the diamond market is craving what Yellowknife has to offer, namely diamonds with a guaranteed chain of custody that are both environmentally and socially responsible.
"It's always been my opinion that diamonds are an expression of love and now they are expressions of both love and trust," said Kumar. "People are curious of how the diamonds were mined, cut, polished, certified. The chain of custody is very important. People like to know there is one body looking over the whole process, the government of the Northwest Territories."
Deepak International is also in the process of purchasing the two diamond manufacturing factories located on Archibald Street at the Yellowknife Airport, known as "Diamond Row".
Kumar said he expects them to be up and running this spring.
The factories had been previously owned by Arslanian Cutting Works, which went into receivership in 2010. The company was also the last entity to use the Polar Bear Diamond trademark.
Since then, only Crossworks manufacturing, the NWT subsidiary of the HRA Group of Companies, has worked as an authorized diamond manufacturer in the NWT, but does not use the Polar Bear Diamond trademark.
Kumar said the two buildings will essentially be gutted and refurbished into a "state of the art" diamond manufacturing facility.
"Essentially, only the shell will remain the same," he said, adding the staff will be hired locally as much as possible.
"In order to ensure the long-term stability of the industry, we need to have a sustainable work force and that is only possible by staffing locally," said Kumar.
Some potential workers with training already live in Yellowknife, but many will be hired on the job. Kumar said the company plans to focus on generating the interest among Yellowknife youth in pursuing careers in diamond manufacturing. Deepak International Limited already plans to offer 15 scholarships at $500 each this fall for students who want to pursue work in the industry.
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.53.74 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.