1. Summary Information
|
|
|
Country |
India |
|
Company Name |
GTL ADHESIVE
TAPES INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Alok Kumar Gupta |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Shivani Gupta |
|
|
|
Registration # |
55-088542 |
|
Street Address |
114, Veer Savarkar Block Vikas Marg, Shakar Pur, |
||
|
Established Date |
15.07.1997 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Glues |
|
# of employees |
30 (Approximately) |
Product Name 2 |
Gum Product |
|
Paid up capital |
Rs.
750,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors and relatives of directors – 100% |
Banking |
ICICI Bank |
|
Public Limited Corp. |
No |
Business Period |
16 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
15,771,000 |
Current Liabilities |
8,930,000 |
|
Inventories |
4,311,000 |
Long-term Liabilities |
13,195,000 |
|
Fixed Assets |
5,669,000 |
Other Liabilities |
129,000 |
|
Deferred Assets |
52,000 |
Total Liabilities |
22,254,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
2,799,000 |
|
|
|
Net Worth |
3,549,000 |
|
Total Assets |
25,803,000 |
Total Liab. & Equity |
25,803,000 |
|
Total Assets (Previous Year) |
21,748,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
174,000 |
|
Sales(Previous yr) |
38,493,000 |
Net Profit(Prev.yr) |
52,000 |
MIRA
INFORM REPORT
|
Report Date : |
26.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
GTL ADHESIVE TAPES INDIA PRIVATE LIMITED (w.e.f. 27.02.2009) |
|
|
|
|
Formerly Known
As : |
GUPTA TRADELINK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
114, Veer Savarkar Block Vikas Marg, Shakar Pur, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.07.1997 |
|
|
|
|
Com. Reg. No.: |
55-088542 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.750 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL1997PTC088542 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Adhesives, Glues and Gum Products. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 14000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file its financial after 2011 with
government department. As per previous, profitability of the company appears to be low. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be unknown. The company can be considered for business dealing 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue before
the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c
(Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been
launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Aakruti |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-9711191935 |
|
Date : |
20.11.2013 |
LOCATIONS
|
Registered Office : |
114, Veer Savarkar Block Vikas Marg, Shakar Pur, |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9711191935 (Mr. Tahil) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Administrative Office : |
A – 2/26, Kavi Nagar Industrial Area, |
|
Tel. No.: |
91-120-4167570 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Alok Kumar Gupta |
|
Designation : |
Director |
|
Address : |
II – B – 155, Nehru Nagar, |
|
Date of Birth/Age : |
25.11.1969 |
|
Date of Appointment : |
15.07.1997 |
|
DIN No.: |
01554426 |
|
|
|
|
Name : |
Mrs. Shivani Gupta |
|
Designation : |
Director |
|
Address : |
II – B – 155, Nehru Nagar, |
|
Date of Birth/Age : |
27.09.1972 |
|
Date of Appointment : |
18.12.1997 |
|
DIN No.: |
01554291 |
|
|
|
|
Name : |
Mrs. Kiran Gupta |
|
Designation : |
Director |
|
Address : |
II – B – 155, Nehru Nagar, |
|
Date of Birth/Age : |
14.02.1942 |
|
Date of Appointment : |
15.07.1997 |
|
DIN No.: |
01554365 |
KEY EXECUTIVES
|
Name : |
Mr. Tahil |
|
Designation : |
Accounts Head |
|
|
|
|
Name : |
Ms. Aakruti |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Alok Gupta |
27500 |
|
Kiran Gupta |
5000 |
|
Shivani Gupta |
25000 |
|
Swarn Kanta Devi |
2500 |
|
Jagmohan Lal |
2500 |
|
Alok Gupta (HUF) |
12500 |
|
|
|
|
Total |
75000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Adhesives, Glues and Gum Products. |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· China |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 Days) |
|
|
|
|
Purchasing : |
Credit and Advance (30 Days) |
GENERAL INFORMATION
|
Suppliers : |
3M India Limited, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
Manufacturer, Dealers, Distributors ·
LG Electronics |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
30 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Canara Bank, Nehru Nagar, HDFC Bank ICICI Bank Syndicate Bank Union Bank of India The Vysya Bank Limited |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Manoj Kumar Jain Chartered Accountant |
|
Address : |
C – 1, 1st Floor, RDC, Raj Nagar, |
|
Tel. No.: |
91-120-2781879 |
|
PAN No.: |
ACIPJ1623N |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.10/- each |
Rs. 0.750
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.750 |
0.650 |
0.650 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.799 |
1.125 |
1.073 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.549 |
1.775 |
1.723 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.636 |
8.850 |
7.262 |
|
|
2] Unsecured Loans |
4.559 |
3.333 |
3.008 |
|
|
TOTAL BORROWING |
13.195 |
12.183 |
10.270 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16.744 |
13.958 |
11.993 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.669 |
6.218 |
4.915 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.052 |
0.087 |
0.073 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.311
|
5.541 |
4.067 |
|
|
Sundry Debtors |
13.142
|
8.341 |
7.386 |
|
|
Cash & Bank Balances |
0.864
|
1.134 |
0.150 |
|
|
Other Current Assets |
0.182
|
0.172 |
0.176 |
|
|
Loans & Advances |
1.583
|
0.255 |
0.138 |
|
Total
Current Assets |
20.082
|
15.443 |
11.917 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7.166
|
5.753 |
3.112 |
|
|
Other Current Liabilities |
1.764
|
1.990 |
1.692 |
|
|
Provisions |
0.129
|
0.047 |
0.108 |
|
Total
Current Liabilities |
9.059
|
7.790 |
4.912 |
|
|
Net Current Assets |
11.023
|
7.653 |
7.005 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16.744 |
13.958 |
11.993 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
38.493 |
NA |
|
|
|
Other Income |
|
NA |
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
38.431 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.338 |
0.085 |
0.143 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.164 |
0.033 |
0.111 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.174 |
0.052 |
0.032 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.32 |
0.80 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.22 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.31
|
0.39 |
0.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.05 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.27
|
11.25 |
8.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.22
|
1.98 |
2.43 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10300515 |
15/07/2011 |
700,000.00 |
CANARA BANK |
NEHRU NAGAR, GHAZIABAD - 201001, UTTAR PRADESH, INDIA |
B18175380 |
|
2 |
10169290 |
18/06/2009 |
900,000.00 |
CANARA BANK |
NEHRU NAGAR, GHAZIABAD - 201001, UTTAR PRADESH, INDIA |
A67046607 |
|
3 |
90040039 |
31/03/2006 * |
700,000.00 |
CANARA BANK |
NEHRU NAGAR, GHAZIABAD - 201001, UTTAR PRADESH, INDIA |
- |
|
4 |
90037333 |
21/05/2013 * |
7,500,000.00 |
CANARA BANK |
NEHRU NAGAR, GHAZIABAD - 201001, UTTAR PRADESH, INDIA |
B78988334 |
* Date of charge modification
UNSECURED LOAN
|
Unsecured Loan |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
Shri Alok Gupta (Director) |
0.538 |
0.584 |
|
Smt Shivani Gupta (Director) |
0.743 |
0.595 |
|
Smt Kiran Gupta (Director) |
0.059 |
0.053 |
|
Shri Bharat Garg |
0.698 |
0.630 |
|
Smt Shyama Garg |
0.450 |
0.406 |
|
Shri Suresh Chand Garg |
0.249 |
0.225 |
|
Alok Gupta (HUF) |
0.522 |
0.840 |
|
Binay Industries |
0.900 |
0.000 |
|
Garg Traders |
0.400 |
0.000 |
|
|
|
|
|
Total |
4.559 |
3.333 |
BUSINESS OF THE
COMPANY
The company has done good business during the year and the directors of
the company are very serious and hopeful about the good working in the next
years.
FINANCIAL RESULT
OF THE COMPANY
The company has earned a profit of Rs. 0.338 million for the year ending
as on 31st March 2011. Director’s effort for increasing the
business, they are hopeful of earning sufficient profit in the near future.
RESERVES
The company has transferred Rs. 0.174 Million to Reserve and Surplus
account in the balance sheet for the year.
TRADE REFERENCES
· 3M India Limited, India
LG
Electronics
FIXED ASSETS
· Air Conditioner
Air
Compressor
Car
Computer
Construction
Furniture
and Fixtures
Invertors
Land
Mobile
Phone
Office
Equipments
Plant
and Machinery
Television
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 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. 62.58 |
|
|
1 |
Rs. 101.42 |
|
Euro |
1 |
Rs. 84.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
3 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.