MIRA
INFORM REPORT
|
Report Date : |
27.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
INTEGRAL PROCESS CONTROLS ( |
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|
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Registered
Office : |
C/o Mr.
Venkatesh D. Tammannavar, Flat No:104, Building-D, Ruby Park, Park Street,
Wakad, Pune – 411 057, Maharashtra |
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Country : |
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Financials (as
on) : |
29.07.2010 |
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Date of
Incorporation : |
31.03.2012 |
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Com. Reg. No.: |
11-136972 |
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Capital
Investment / Paid-up Capital : |
Rs.2.500 millions |
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CIN No.: [Company Identification
No.] |
U29120PN2010PTC136972 |
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IEC No.: |
3110014483 |
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TIN No.: |
27870793366 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEI05885F |
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PAN No.: [Permanent Account No.] |
AACCI3712J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Automated Valves and Valves
Spares. |
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|
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No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 76000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an
established company having a satisfactory track record. Profitability of the
company appears to be fair. General financial position of the company seems
to be decent. Trade relations
are reported to be fair. Business is active. Payment terms are usually
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.
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic
product. High imports of gold and oil led to a worsening of the trade deficit,
resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9
billion in the corresponding quarter of the previous financial year. The
government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from
4.8 % or $ 88.2 billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in place
to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 2B |
|
Rating Explanation |
High performance capability and moderate financial strength. |
|
Date |
August, 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.
INFORMATION PARTED BY
|
Name : |
Mr. Santosh Dhagale |
|
Designation : |
Accounts Manager |
|
Contact No. : |
91-20-66304580 |
|
Date : |
25.11.2013 |
LOCATIONS
|
Registered Office : |
C/o Mr.
Venkatesh D. Tammannavar, Flat No:104, Building-D, Ruby Park, Park Street,
Wakad, Pune – 411 057, Maharashtra, India |
|
Tel. No.: |
91-20-66304580 |
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Fax No.: |
91-20-66304583 |
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E-Mail : |
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Website : |
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Factory : |
Plot No.94/2, Sector 10 PCNTDA, Near Inox Air Products Limited,
Bhosari, Pune – 411 026, Maharashtra, India |
|
Area : |
4500 sq. ft. |
|
Location : |
Leased |
|
|
|
|
Branch Office : |
Flat No.14, Shri Shrinivas Co-Operative Housing Society, Plot No.37,
Ramnagar Colony, Bavdhan Khurd, Pune – 411 021, |
|
Area : |
725 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Venkatesh Dattatraya Tammannavar |
|
Designation : |
Director |
|
Address : |
Flat No:104, Building-D, Ruby Park, Park Street, Wakad, Pune – 411
057, Maharashtra, India |
|
Date of Birth/Age : |
05.07.1973 |
|
Date of Appointment : |
29.07.2010 |
|
DIN No.: |
03114326 |
|
PAN No.: |
ACTPT7527L |
|
|
|
|
Name : |
Mr. Dayanand Madhukar Kerkar |
|
Designation : |
Director |
|
Address : |
Bld-7, FL-105, MIG New Mhada BLD, ST-Nagar/ Pimpri, Pune – 411 018,
Maharashtra, India |
|
Date of Birth/Age : |
02.04.1973 |
|
Date of Appointment : |
29.07.2010 |
|
DIN No.: |
03114329 |
|
PAN No.: |
ABXPK1369E |
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|
|
|
Name : |
Mr. Krunal Punamchand Rana |
|
Designation : |
Director |
|
Address : |
Siefef-9, Akanxa Flat, Ghodasar, Ahmedabad – 380 050, Gujarat, India |
|
Date of Birth/Age : |
16.08.1982 |
|
Date of Appointment : |
20.02.2012 |
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DIN No.: |
05167127 |
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|
|
|
Name : |
Ms. Falguni Ashokbhai Rana |
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Designation : |
Director |
|
Address : |
4-A,
Radhakrishnasubraj Society, Maktampur, Bharuch – 392 012, Gujarat, India |
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Date of Birth/Age : |
09.02.1983 |
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Date of Appointment : |
20.02.2012 |
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DIN No.: |
05167129 |
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|
|
|
Name : |
Ms. Shubhshree Venkatesh Tammannavar |
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Designation : |
Director |
|
Address : |
Flat No.14, Shriniwas Apartments, Ramnagar Colony, Pune – 411 021,
Maharashtra, India |
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Date of Birth/Age : |
01.01.1980 |
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Date of Appointment : |
20.02.2012 |
|
DIN No.: |
05166755 |
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|
|
|
Name : |
Ms. Bharati Dayanand Kerkar |
|
Designation : |
Director |
|
Address : |
Flat No: 105, Building
No:7, Pragya Co-Operative Housing Society, Sant Tukaram Nagar, Pimpri, Pune –
411 018, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1977 |
|
Date of Appointment : |
20.02.2012 |
|
DIN No.: |
05166754 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh Dhagale |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Venkatesh Dattatraya Tammannavar |
|
200000 |
|
Dayanand Madhukar Kerkar |
|
200000 |
|
Krunal Punamchand Rana |
|
200000 |
|
Shubhshree Venkatesh Tammannavar |
|
50000 |
|
Bharati Dayanand Kerkar |
|
50000 |
|
Falguni Ashokbhai Rana |
|
50000 |
|
Total |
|
750000 |
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, Exporter and Importer of Automated Valves and Valves Spares.
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Exports : |
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Products : |
·
Automated Valves and Valves Spares |
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Countries : |
·
Egypt ·
Dubai ·
Australia ·
Bangladesh |
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Imports : |
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|
Products : |
·
Raw Material |
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Countries : |
·
Germany ·
Italy ·
USA |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Jensen Steel ·
Virgo Engineers Private Limited ·
Asco India Limited |
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Customers : |
End Users · BASF India Limited · Syngenta India Limited · Nocil Limited · Reliance Industries Limited · Rallis India Limited · U S Vitamins Limited · Gharda Chemical Limited · Aventis Pharma Limited · Galaxy Surfactants Limited · Rohm and Haas Limited · HPCL · Hikal Limited · Intercat Mumbai Private Limited · Pidilite Industries Limited |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Sarita Singh and Company Chartered Accountants |
|
Address : |
Office No:1,
Basement Floor, Vishal Residency, Mumbai Pune Road, Kasarwadi, Pune – 411
034, Maharashtra, India |
|
PAN No.: |
ARZPS1972R |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.500 |
2.500 |
|
(b) Reserves & Surplus |
|
7.258 |
1.680 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
9.203 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
18.961 |
4.180 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
3.291 |
4.749 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.056 |
|
(c) Other long
term liabilities |
|
0.000 |
9.622 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
3.291 |
14.427 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
27.722 |
14.715 |
|
(c)
Other current liabilities |
|
0.989 |
1.635 |
|
(d) Short-term
provisions |
|
3.001 |
2.191 |
|
Total Current
Liabilities (4) |
|
31.712 |
18.541 |
|
|
|
|
|
|
TOTAL |
|
53.964 |
37.148 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible
assets |
|
3.482 |
4.332 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.028 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
3.510 |
4.332 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.448 |
0.194 |
|
(b)
Inventories |
|
10.861 |
9.673 |
|
(c)
Trade receivables |
|
30.073 |
16.072 |
|
(d) Cash
and cash equivalents |
|
8.018 |
5.270 |
|
(e)
Short-term loans and advances |
|
0.737 |
1.449 |
|
(f)
Other current assets |
|
0.317 |
0.158 |
|
Total
Current Assets |
|
50.454 |
32.816 |
|
|
|
|
|
|
TOTAL |
|
53.964 |
37.148 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Net Sales |
|
130.322 |
40.144 |
|
|
|
Other Income |
|
0.459 |
0.005 |
|
|
|
TOTAL (A) |
|
130.781 |
40.149 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
36.509 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
120.273 |
36.509 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
10.508 |
3.640 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
FINANCIAL EXPENSES (D) |
|
0.851 |
0.051 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
9.657 |
3.589 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.982 |
0.162 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
8.675 |
3.427 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
2.600 |
1.191 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
6.075 |
2.236 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
1.179 |
6.819 |
|
|
|
|
|
|
|
|
|
|
IMPORT VALUE |
|
3.112 |
1.359 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
|
24.30 |
8.94 |
|
%20PRIVATE%20LIMITED%20-%20244491_MIRA%2027-Nov-2013_files/image001.gif){kind=small}
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
180.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs.250.000 millions
The above information has been parted by Mr. Santosh Dhagale (Accounts
Manager).
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
4.65 |
5.57 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
6.66 |
8.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
16.08 |
9.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.46 |
0.82 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.17 |
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.59 |
1.77 |
LOCAL AGENCY FURTHER INFORMATION
Details of Current Maturities of Long Term
Debt: Not Available
|
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 two years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
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 |
No |
|
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 Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
1.569 |
2.694 |
|
Total
|
1.569 |
2.694 |
Note:
No Charges Exist for Company.
Note:
The registered office of the company has been shifted from Flat No.14, Shri Shrinivas Co-Operative Housing Society, Plot No.37, Ramnagar Colony, Bavdhan Khurd, Pune – 411 021, Maharashtra to the present address w.e.f. 25.08.2012.
OPERATIONS
From the operational
performance, it seems that the company’s turnover increased by more than 200%,
but the fact is in year 2010-11 the company operated for only five months and
remaining seven months in partnership entity, whereas in 2011-12 it is the
complete year. Anyway, the actual growth is approximately 50%. The Company is
involved in basically manufacturing of Controlled On-Off Flow Control Valves,
which are basically used in Petrochemical Industry, Food Processing industry,
Pharmaceutical Industry, etc. The Company uses mostly VIRGO makes Valves,
Actuators, Limit Switches for its products.
TRADE REFERENCES:
·
Asco India Limited
·
Virgo Engineers Private Limited
·
Jensen Steel
·
Pidilite
·
Nocil Limited
· Gharda Chemical Limited
FIXED ASSETS:
·
Plant and Equipment
·
Factory Equipment
·
Furniture and Fixtures
·
Vehicles
·
Ships Vessels
·
Motor Vehicles
·
Office Equipment
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Computer Equipment
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.62.45 |
|
|
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--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.