MIRA
INFORM REPORT
|
Report Date : |
18.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
VIJ ENGINEERS AND CONSULTANTS PRIVATE LIMITED |
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|
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|
Registered
Office : |
B – 68, Soami Nagar (North), |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
09.11.2001 |
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Com. Reg. No.: |
55-113112 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 90.504 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210DL2001PTC113112 |
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PAN No.: [Permanent Account No.] |
AABCV2746G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The sales turnover of the company is going down because the company has
changed the line of business in the year 2010. The company was into
construction of mobile tower and in 2013 its only undertakes of building of
road, bridges. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1192000 |
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|
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|
Status : |
Moderate |
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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 moderate track record. Profitability of the company appears to be low. As confirmed by Mr. Hatesh, Account Department that the sales turnover
of the company is going down because the company has changed line of business
in the year 2010. The company was into construction of mobile tower and in
2013 it is only undertaking building of road and bridges. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings 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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial years
of the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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 DENIED BY
|
Name : |
Mr. Hatesh |
|
Designation : |
Account Department |
|
Contact No.: |
91-11-42567201 |
|
Date : |
16.10.2013 |
LOCATIONS
|
Registered Office : |
B – 68, Soami Nagar (North), New Delhi – 110017, India |
|
Tel. No.: |
91-11-41003772 / 42567201/02/04 / 32455365 |
|
Fax No.: |
91-11-40687001 / 42567203 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on: 28.09.2011
|
Name : |
Mr. Bimal Kumar Vij |
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|
Designation : |
Managing Director |
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|
Address : |
B – 68, Soami Nagar (North), New Delhi – 110017, India |
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Date of Birth/Age : |
01.01.2004 |
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Date of Appointment : |
01.01.2005 |
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DIN No. : |
01268214 |
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Other Directorship :
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Name : |
Mr. Bachitar Singh |
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|
Designation : |
Director |
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|
Address : |
B – 68, Soami Nagar (North), New Delhi – 110017, India |
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Date of Birth/Age : |
07.10.1937 |
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Date of Appointment : |
09.11.2001 |
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DIN No. : |
01268229 |
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Other Directorship :
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|
Name : |
Mr. Ajit Kaur |
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|
Designation : |
Director |
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|
Address : |
B – 68, Soami Nagar (North), New Delhi – 110017, India |
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Date of Birth/Age : |
05.02.1941 |
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Date of Appointment : |
09.11.2001 |
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DIN No. : |
01509605 |
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KEY EXECUTIVES
|
Name : |
Mr. CA. Anil Giria |
|
Designation : |
Manager |
|
Address : |
B – 68, Soami Nagar (North), New Delhi – 110017, India |
|
Date of Birth/Age : |
14.02.1982 |
|
Date of Appointment : |
01.04.2010 |
|
PAN No. : |
AKFPG8097G |
|
|
|
|
Name : |
Mr. Sumeer Narain Mathur |
|
Designation : |
Secretary |
|
Address : |
House No. 23, Gyan Khan, D – 3, Indrapuram, Ghaziabad – 201014, Uttar
Pradesh, India |
|
Date of Birth/Age : |
09.09.1980 |
|
Date of Appointment : |
11.03.20011 |
|
PAN No. : |
ALFPM7227D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2011
|
Names of Shareholders |
No. of Shares |
|
Bimal Kr. Vij |
8114400 |
|
Harpal Kaur |
594000 |
|
Bachitar Singh |
204000 |
|
Ajit Kaur |
90000 |
|
Anil Vij |
24000 |
|
Gagan Deep |
24000 |
|
|
|
|
Total |
9050400 |
As on: 28.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The sales turnover of the company is going down because the company
has changed the line of business in the year 2010. The company was into
construction of mobile tower and in 2013 its only undertakes of building of
road, bridges. |
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|
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|
Products : |
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GENERAL INFORMATION
|
No. of Employees : |
500 (Approximately) |
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Bankers : |
The Royal Bank Of Scotland N. V., Hansalya Building, 15 Barakhamba Road,
New Delhi – 110001, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Deep Garg and Company Chartered Accountants |
|
Address : |
206, Chhabra Complex 8, Veer Savarkar Block, Shakarpur, Delhi - 110092 |
|
PAN No. : |
AACFD7238F |
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|
Subsidiaries : |
·
Vij Engineering Infrastructure Private Limited CIN No. :
U27310DL2004PTC129263 ·
Paragon Innovators And Infrastructure Developers
Private Limited CIN No. :
U74140DL2006PTC153996 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9050400 |
Equity Shares |
Rs.10/- each |
Rs. 90.504 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 |
|
90.504 |
90.504 |
|
(b) Reserves & Surplus |
|
207.660 |
201.462 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
298.164 |
291.966 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
52.794 |
51.025 |
|
(b) Deferred tax liabilities (Net) |
|
13.203 |
11.961 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
65.997 |
62.986 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
60.298 |
168.897 |
|
(c) Other current
liabilities |
|
26.217 |
65.160 |
|
(d) Short-term provisions |
|
1.853 |
7.844 |
|
Total Current Liabilities (4) |
|
88.368 |
241.901 |
|
|
|
|
|
|
TOTAL |
|
452.529 |
596.853 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
221.045 |
210.089 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
|
5.469 |
7.448 |
|
(b) Non-current Investments |
|
26.575 |
26.575 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2.329 |
3.787 |
|
(e) Other Non-current assets |
|
0.449 |
0.674 |
|
Total Non-Current Assets |
|
255.867 |
248.573 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
61.155 |
100.769 |
|
(c) Trade receivables |
|
105.148 |
165.008 |
|
(d) Cash and cash
equivalents |
|
2.230 |
46.839 |
|
(e) Short-term loans
and advances |
|
27.664 |
35.386 |
|
(f) Other current
assets |
|
0.465 |
0.278 |
|
Total Current Assets |
|
196.662 |
348.280 |
|
|
|
|
|
|
TOTAL |
|
452.529 |
596.853 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
90.504 |
|
|
2] Share Application Money |
|
|
5.970 |
|
|
3] Reserves & Surplus |
|
|
177.482 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
273.956 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
194.113 |
|
|
2] Unsecured Loans |
|
|
1.550 |
|
|
TOTAL BORROWING |
|
|
195.663 |
|
|
DEFERRED TAX LIABILITIES |
|
|
8.903 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
478.522 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
187.556 |
|
|
Capital work-in-progress |
|
|
8.601 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
27.987 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
53.044 |
|
|
Sundry Debtors |
|
|
460.296 |
|
|
Cash & Bank Balances |
|
|
4.483 |
|
|
Other Current Assets |
|
|
42.616 |
|
|
Loans & Advances |
|
|
64.302 |
|
Total
Current Assets |
|
|
624.741 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
353.576 |
|
|
Provisions |
|
|
17.768 |
|
Total
Current Liabilities |
|
|
371.344 |
|
|
Net Current Assets |
|
|
253.397 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.981 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
478.522 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
267.377 |
742.048 |
|
|
|
Other Income |
|
93.578 |
176.490 |
|
|
|
TOTAL |
2736.668 |
360.955 |
918.538 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
251.807 |
640.207 |
|
|
|
Manufacturing and Contract Expenses |
|
64.970 |
151.432 |
|
|
|
Administration, Selling and Other Exp. |
|
32.801 |
53.312 |
|
|
|
Increase / (Decrease) in Stock |
|
(47.725) |
(6.324) |
|
|
|
TOTAL |
2726.944 |
301.853 |
838.627 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(Including
Financial and Depreciation) |
59.102 |
79.911 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
8.544 |
24.325 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
50.558 |
55.586 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
8.249 |
5.299 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.724 |
42.309 |
50.287 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.526 |
2.499 |
21.325 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
6.198 |
39.810 |
28.962 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
201.461 |
177.482 |
148.520 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
0.000 |
-- |
|
|
|
Dividend |
|
13.576 |
-- |
|
|
|
Tax on Dividend |
NA |
2.255 |
-- |
|
|
BALANCE CARRIED
TO THE B/S |
|
201.461 |
177.482 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.68 |
4.40 |
3.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.23
|
11.02 |
3.15 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
15.82 |
6.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.31
|
7.51 |
6.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.14 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.18
|
0.17 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.22
|
1.44 |
1.68 |
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/ Two years |
Yes |
|
12] |
Profitability
for last three/ Two 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 |
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 |
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 |
NOTE:
The registered office of the company has been shifted from D-15/15,
Satya Apartments, Dilshad Garden, New Delhi – 110095, India to the present
address w.e.f. 07.05.2008.
UNSECURED LOAN:
|
Particulars |
31.03.2012 [Rs.
In Millions] |
31.03.2011 [Rs.
In Millions] |
|
Long Term
Borrowing |
|
|
|
Deposits from shareholders |
10.540 |
1.200 |
|
Other loan and advances |
0.000 |
0.058 |
|
|
|
|
|
Total |
10.540 |
1.258 |
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10049877 |
10/09/2012 * |
60,000,000.00 |
The Royal Bank of Scotland N. V. |
HANSALYA BUILDING, 15 BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B59610204 |
|
2 |
90058445 |
08/03/2004 |
750,000.00 |
CANARA BANK |
DILSHAD GARDEN;, DELHI, Delhi - 110095, INDIA |
- |
* Date of charge modification
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.61.58 |
|
|
1 |
Rs.98.51 |
|
Euro |
1 |
Rs.83.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.