|
Report Date : |
26.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
PYRODYNAMICS |
|
|
|
|
Registered
Office : |
No. 632, 22nd Main, 4th “T” Block, Jayanagar,
Bangalore – 560041, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
1995 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.060 Million |
|
|
|
|
IEC No.: |
0701012331 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABQPR0275D |
|
|
|
|
VAT No.: |
29480208783 |
|
|
|
|
Service Tax : |
ABQPR0275D-ST001 |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Products Manufactured:- ·
SCAD 500 – 4 Channel Strain Measurement System ·
SCAD 508 – 8 Channel Strain Measurement System ·
SCAD 500L- 2 Channel Displacement Measurement
System ·
Electronic Components for Shearography Systems Technical Services:- ·
Digital Image Correlation For Non-Contact Full
Field Displacement and Strain Measurement and Modal Analysis ·
Shearography for Non-Contact Non Destructive
Testing of Components. |
|
|
|
|
No. of Employees
: |
8 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern having satisfactory
track record. The concern has reported a better growth in its sales turnover as well
as net profitability during 2013. Profit margin appears to be decent. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. The concern 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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 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.
INFORMATION PARTED BY
|
Name : |
Mr. S. Raviprakash |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9449637422 |
|
Date : |
23.11.2013 |
LOCATIONS
|
Registered Office/Factory : |
No. 632, 22nd Main, 4th “T” Block, Jayanagar,
Bangalore – 560041, Karnataka, India |
|
Tel. No.: |
91-80-22454993 |
|
Mobile No.: |
91-9449637422 (Mr. S. Raviprakash) |
|
Fax No.: |
91-80-26655333 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 Sq. Ft |
|
Location : |
Owned |
Note: New premises is under construction at No. 272,
KIADB Industrial Area, Phase 2, Harohalli, Kanakapura Taluka, District
Ramanagaram – 562112, Karnataka. India
Land Area: 1 Acre
Built Up Area: 10000 Sq. FN
Operation will commence in this new premises
from November 2013.
SOLE PROPRIETOR
|
Name : |
Mr. S. Raviprakash |
|
Designation : |
Proprietor |
|
Address : |
No. 632, 22nd Main, 4th “T” Block, Jayanagar,
Bangalore – 560041, Karnataka, India |
|
Date of Birth/Age : |
30.12.1968 |
|
Qualification : |
BE |
|
Experience : |
24 Years |
BUSINESS DETAILS
|
Line of Business : |
Products Manufactured:- ·
SCAD 500 – 4 Channel Strain Measurement System ·
SCAD 508 – 8 Channel Strain Measurement System ·
SCAD 500L- 2 Channel Displacement Measurement
System ·
Electronic Components for Shearography Systems Technical Services:- ·
Digital Image Correlation For Non-Contact Full
Field Displacement and Strain Measurement and Modal Analysis ·
Shearography for Non-Contact Non Destructive
Testing of Components. |
||||||||||||||||||||||
|
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|
||||||||||||||||||||||
|
Agencies Held : |
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|
||||||||||||||||||||||
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Terms : |
|
||||||||||||||||||||||
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Selling : |
L/C |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Purchasing : |
L/C |
PRODUCTION STATUS
|
Particulars |
Installed
Capacity |
Actual
Production |
|
SCAD 500 – 4 Channel Strain Measurement System |
Work Involves mainly Design, Assembly, Calibration and Testing. |
50 Systems Per Year. |
|
SCAD 508 – 8 Channel Strain Measurement System |
|
|
|
SCAD 500L- 2 Channel Displacement Measurement System |
|
|
|
Electronic Components for Shearography Systems |
|
|
|
|
Manufacture of PCB and soldering is outsourced. They do not have
machineries. |
|
GENERAL INFORMATION
|
Customers : |
· ISRO Satellite Centre – Bengaluru · Bharat Heavy Electricals Limited – Hyderabad · M. V. Jayram College of Engineering.- Bengaluru · GEITC- John Welch Technology Centre – Bengaluru · GE Global Research Centre – Bengaluru · Jadhavpur University – Kolkata - Power Plant Engg Dept · Indian Institute of Technology – Chennai - Dept of Mechanical Engineering · Central Glass and Ceramic Research Institute – Kolkata · Indira Gandhi Centre For Atomic Research – Kalpakkam · Gas Turbine Research Establishment – Bengaluru. Indian Institute of Science – Bangalore – Department of Aerospace Engineering · Indian Institute of Science - Bangalore – Department of Civil Engineering · Indian Institute of Technology – Kharagpur - Department of Mechanical Engineering · Indian Institute of Technology – Kharagpur – Tribology Laboratory · Indian Institute of Technology – Kanpur – Department of Mechanical Engineering · Indian Institute of Technology – Chennai – Department of Applied Mechanics · Indian Institute of technology – New Delhi - Department of Applied Mechanics · National Metallurgical Laboratory – Jamshedpur ·
Bhabha Atomic Research Centre – Mumbai |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
8 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
UCO Bank, 238/35, 9th Main Road, Jayanagar 3rd Block ; Bangalore
– 560011, Karnataka, India ·
State Bank of India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A. Prashanth Rai Chartered Accountant |
|
Address : |
No 206; Suraj Plaza, 25th Cross, 8th
F
Main; Jayanagar 3rd Block ; Bangalore – 560 011, Karnataka, India |
|
Tel. No.: |
91-80-64556574 |
|
E-Mail : |
CAPITAL STRUCTURE
As on 31.03.2013
|
Capital Investment : |
|
|
Owned : |
Rs.0.060 Million |
|
Borrowed : |
-- |
|
Total : |
Rs.0.060 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Raviprakash Capital A/C |
0.060 |
0.060 |
0.060 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
20.290 |
16.266 |
14.586 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
20.350 |
16.326 |
14.646 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.081 |
2.742 |
0.641 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
8.081 |
2.742 |
0.641 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
28.431 |
19.068 |
15.287 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
18.757 |
12.740 |
11.156 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.695 |
1.501 |
1.300 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.540
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.013
|
1.490 |
0.991 |
|
|
Cash & Bank Balances |
1.833
|
0.720 |
0.251 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
9.944
|
5.030 |
2.290 |
|
Total
Current Assets |
12.330
|
7.240 |
3.532 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.375
|
0.215 |
0.000 |
|
|
Other Current Liabilities |
1.476
|
1.535 |
0.517 |
|
|
Provisions |
1.501
|
0.663 |
0.184 |
|
Total
Current Liabilities |
4.352
|
2.413 |
0.701 |
|
|
Net Current Assets |
7.979
|
4.827 |
2.831 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
28.431 |
19.068 |
15.287 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
11.408 |
3.862 |
2.698 |
|
|
|
Other Income |
1.009 |
4.286 |
3.077 |
|
|
|
TOTAL (A) |
12.417 |
8.148 |
5.775 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
2.998 |
2.341 |
0.631 |
|
|
|
Salary |
0.505 |
0.475 |
0.403 |
|
|
|
Computer maintenance |
0.006 |
0.000 |
0.001 |
|
|
|
Interest on loan |
0.183 |
0.004 |
0.058 |
|
|
|
Bank guarantee charges |
0.099 |
0.000 |
0.000 |
|
|
|
Bank Charges |
0.020 |
0.012 |
0.009 |
|
|
|
Accounting Charges |
0.042 |
0.000 |
0.000 |
|
|
|
Postage and Courier charges |
0.026 |
0.031 |
0.007 |
|
|
|
Seminar/conference experience |
0.125 |
0.000 |
0.000 |
|
|
|
Travelling Expenses |
0.466 |
0.188 |
0.323 |
|
|
|
Office Rent |
0.273 |
0.260 |
0.180 |
|
|
|
Vehicle Maintenance |
0.064 |
0.146 |
0.069 |
|
|
|
Office Expenses |
0.050 |
0.016 |
0.017 |
|
|
|
Other Expenses |
2.378 |
2.077 |
1.871 |
|
|
|
TOTAL |
7.235 |
5.550 |
3.569 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.182 |
2.598 |
2.206 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.055 |
0.064 |
0.073 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
5.127 |
2.534 |
2.133 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.501 |
0.663 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
3.626 |
1.871 |
2.133 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
29.20 |
22.96 |
36.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
44.94 |
65.61 |
79.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.49 |
12.68 |
14.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.16 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.40 |
0.17 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.83 |
3.00 |
5.04 |
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 |
Yes |
|
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 |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
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 |
TRADE REFERENCES:
· ISRO Satellite Centre – Bengaluru
· Bharat Heavy Electricals Limited – Hyderabad
· M. V. Jayram College of Engineering.- Bengaluru
· GEITC- John Welch Technology Centre – Bengaluru
· GE Global Research Centre – Bengaluru
· Jadhavpur University – Kolkata - Power Plant Engg Dept
· Indian Institute of Technology – Chennai - Dept of Mechanical Engineering
· Central Glass and Ceramic Research Institute – Kolkata
· Indira Gandhi Centre For Atomic Research – Kalpakkam
· Gas Turbine Research Establishment – Bengaluru. Indian Institute of Science – Bangalore – Department of Aerospace Engineering
· Indian Institute of Science - Bangalore – Department of Civil Engineering
· Indian Institute of Technology – Kharagpur - Department of Mechanical Engineering
· Indian Institute of Technology – Kharagpur – Tribology Laboratory
· Indian Institute of Technology – Kanpur – Department of Mechanical Engineering
· Indian Institute of Technology – Chennai – Department of Applied Mechanics
· Indian Institute of technology – New Delhi - Department of Applied Mechanics
· National Metallurgical Laboratory – Jamshedpur
· Bhabha Atomic Research Centre – Mumbai
FIXED ASSETS:
·
Fax Machine
·
Mobile Phone
·
Water Purifier
·
Aircooler
·
Printer
·
UPS
·
Strain Gage Instrument
·
Air Conditioner
·
Coffee Maker
·
Microwave Oven
·
EPABX
·
Stapller Machine
·
Camera
·
Fan
·
Agilent Multi Meter
·
Tata Sumo
·
Honda City
NEWS:
TECHNOLOGY DEVELOPMENT BOARD – DEPARTMENT OF
SCIENCE AND TECHNOLOGY AWARD
We are happy to announce that PYRODYNAMICS was awarded the very prestigious TECHNOLOGY DEVELOPMENT BOARD – DEPARTMENT OF SCIENCE AND TECHNOLOGY, Technology Award.
The Award is for Successful Indigenisation of SCAD 508 – 8
Channel Strain Measurement System
Mr.S.Raviprakash – MD and CEO –Pyrodynamics received the
Award on behalf of Pyrodynamics from the Honourable President of India – His
Excellency Shri Pranab Mukherjee at the National Technology Day Function held
at Vigyan Bhavan – New Delhi on 11th may 2013.
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.62.58 |
|
|
1 |
Rs.101.42 |
|
Euro |
1 |
Rs.84.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
45 |
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.