MIRA INFORM REPORT
|
Report Date : |
17.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
HIMENVIRO ENVIRONMENTAL ENGINEERING CO. PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Industrial Area, Paonta Sahib-173025, Himachal Pradesh |
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|
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Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2013 |
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|
Date of
Incorporation : |
22.06.1993 |
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|
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Com. Reg. No.: |
06-013454 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.7.280
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29199HP1993PTC013454 |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Supplier of Automatic Rescue Device, Conventional
Geared Elevator, Panoramic Elevators, Standard Passenger Elevators, etc. |
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|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 196570 |
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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 satisfactory track record. The company possess an acceptable financial profile marked by adequate
networth base and marginal increase in cash reserves. Management has reported a significant increase in its sales volume
during 2013. The ratings also take into consideration the marginal increase in
external borrowings which may act as a threat to the liquidity. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view of long standing presence of the company, it should be
consider 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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief information
officers at gathering in Bangalore in April to meet Indian startups at an event
called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.
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 DECLINED BY
|
Name : |
Mr. Narendra |
|
Designation : |
Office Executive |
|
Contact No.: |
91-11-22549142 |
|
Date : |
08.04.2014 |
LOCATIONS
|
Registered Office / Factory : |
Industrial Area, Paonta Sahib-173025, Himachal Pradesh, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
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Head Office : |
202, Sagar Complex, New Rajdhani Enclave, Vikas Marg, Delhi-110092,
India |
|
Tel. No.: |
91-11-22549142 / 22500119 / 43210200 |
|
Fax No.: |
91-11-43210200 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Manoj Garg |
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|
Designation : |
Director |
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Address : |
G-39, Preet Vihar, Delhi-110092, India |
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Date of Appointment : |
22.06.1993 |
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Din No.: |
00979595 |
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Other Directorship:
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|
Name : |
Mr. Raj Kumar Garg |
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|
Designation : |
Director |
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|
Address : |
Murari Kuan, Shamli, District Muzaffarnagar, Uttar Pradesh, India |
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|
Date of Appointment : |
22.06.1993 |
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Din No.: |
01338330 |
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KEY EXECUTIVES
|
Name : |
Mr. Narendra |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Manoj Garg |
9360 |
12.86 |
|
Lalita Garg |
10178 |
13.98 |
|
Raj Kumar Garg |
6760 |
9.29 |
|
Neelam Gupta |
2860 |
3.93 |
|
Kanta Devi |
2600 |
3.57 |
|
Babita Garg |
2860 |
3.93 |
|
Sunita Jain |
2860 |
3.93 |
|
Manisha Garg |
2860 |
3.93 |
|
Vijay Agarwal |
2860 |
3.93 |
|
Himenviro Env. Tech. Private Limited, India |
16000 |
21.98 |
|
Himenviro Trading LLP, India |
13600 |
18.68 |
|
|
|
|
|
TOTAL
|
72798 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
41.00 |
|
Directors
or relatives of directors |
|
59.00 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Automatic Rescue Device, Conventional
Geared Elevator, Panoramic Elevators, Standard Passenger Elevators, etc. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
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Bankers : |
Oriental Bank of Commerce,7, Mahila Colony,
Gandhi Nagar, Delhi - 110031, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
B.K. Agarwal Chartered Accountants |
|
Address : |
105, Chowdhary Complex, 9, Madhuvan Raod, Delhi-110092, India |
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Tel. No.: |
91-11-22435866 |
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E-Mail : |
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PAN No: |
AABFA7598G |
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Other Related Parties : |
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CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
72798 |
Equity Shares |
Rs.10/- each
|
Rs.7.280
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7.280 |
7.280 |
7.198 |
|
(b) Reserves &
Surplus |
41.863 |
37.968 |
34.385 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.082 |
|
Total Shareholders’ Funds
(1) + (2) |
49.143 |
45.248 |
41.665 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
60.153 |
37.643 |
22.962 |
|
(b) Deferred tax
liabilities (Net) |
1.956 |
1.765 |
1.329 |
|
(c) Other long term
liabilities |
35.171 |
33.678 |
13.678 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
97.280 |
73.086 |
37.969 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
73.493 |
38.438 |
81.700 |
|
(b) Trade payables |
108.026 |
58.671 |
69.563 |
|
(c) Other current
liabilities |
97.176 |
57.913 |
55.756 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.823 |
|
Total Current Liabilities
(4) |
278.695 |
155.022 |
207.842 |
|
|
|
|
|
|
TOTAL |
425.118 |
273.356 |
287.476 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
59.273 |
53.923 |
17.887 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
8.106 |
7.191 |
4.949 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
67.379 |
61.114 |
22.836 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
63.429 |
54.684 |
24.084 |
|
(c) Trade receivables |
118.092 |
55.229 |
67.666 |
|
(d) Cash and cash
equivalents |
83.323 |
64.690 |
133.107 |
|
(e) Short-term loans and
advances |
84.798 |
35.297 |
35.814 |
|
(f) Other current assets |
8.097 |
2.342 |
3.969 |
|
Total Current Assets |
357.739 |
212.242 |
264.640 |
|
|
|
|
|
|
TOTAL |
425.118 |
273.356 |
287.476 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
SALES |
|
|
|
|
|
Income |
309.168 |
269.621 |
395.732 |
|
|
Other Income |
16.679 |
18.569 |
12.919 |
|
|
TOTAL (A) |
325.847 |
288.190 |
408.651 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
237.809 |
194.429 |
231.738 |
|
|
Purchase |
0.000 |
0.000 |
76.361 |
|
|
Other Manufacturing
Expenses |
6.565 |
13.603 |
21.885 |
|
|
Employees benefits
expense |
24.249 |
18.376 |
16.207 |
|
|
Other expenses |
32.258 |
45.220 |
44.948 |
|
|
TOTAL (B) |
300.881 |
271.628 |
391.139 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
24.966 |
16.562 |
17.512 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
13.007 |
8.883 |
5.874 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.959 |
7.679 |
11.638 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.180 |
2.474 |
2.135 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
5.779 |
5.205 |
9.503 |
|
|
|
|
|
|
|
Less |
TAX (H) |
1.884 |
1.623 |
3.094 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
3.895 |
3.582 |
6.409 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
51.231 |
2.059 |
0.000 |
|
|
TOTAL EARNINGS |
51.231 |
2.059 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
31.505 |
7.611 |
4.676 |
|
|
Capital Goods |
0.000 |
14.153 |
0.000 |
|
|
TOTAL IMPORTS |
31.505 |
21.764 |
4.676 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
53.51 |
49.21 |
89.15 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.20
|
1.24 |
1.57 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.87
|
1.93 |
2.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.39
|
1.95 |
3.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.12 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.72
|
1.68 |
2.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.37 |
1.27 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
7.198 |
7.280 |
7.280 |
|
Reserves & Surplus |
34.385 |
37.968 |
41.863 |
|
Net worth |
41.583 |
45.248 |
49.143 |
|
|
|
|
|
|
long-term borrowings |
22.962 |
37.643 |
60.153 |
|
Short term borrowings |
81.700 |
38.438 |
73.493 |
|
Total borrowings |
104.662 |
76.081 |
133.646 |
|
Debt/Equity ratio |
2.517 |
1.681 |
2.720 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
395.732 |
269.621 |
309.168 |
|
|
|
(31.868) |
14.668 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
395.732 |
269.621 |
309.168 |
|
Profit |
6.409 |
3.582 |
3.895 |
|
|
1.62% |
1.33% |
1.26% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10422005 |
28/01/2014 * |
377,700,000.00 |
ORIENTAL BANK OF COMMERCE |
7, MAHILA COLONY, GANDHI
NAGAR, DELHI - 110031, INDIA |
C00148403 |
|
2 |
10422008 |
28/01/2014 * |
377,700,000.00 |
ORIENTAL BANK OF COMMERCE |
7, MAHILA COLONY, GANDHI
NAGAR, DELHI - 110031, INDIA |
C00150367 |
|
3 |
10264995 |
28/01/2014 * |
377,700,000.00 |
ORIENTAL BANK OF COMMERCE |
7, MAHILA COLONY, GANDHI
NAGAR, DELHI - 110031, INDIA |
C00148759 |
|
4 |
10264993 |
29/12/2010 |
110,000,000.00 |
ORIENTAL BANK OF COMMERCE |
7, MAHILA COLONY, GANDHI NAGAR,
DELHI - 110031, INDIA |
B73810715 |
|
5 |
10197181 |
28/01/2014 * |
267,700,000.00 |
ORIENTAL BANK OF COMMERCE |
7, MAHILA COLONY, GANDHI
NAGAR, DELHI - 110031, INDIA |
C00149286 |
|
6 |
10029393 |
28/01/2014 * |
267,700,000.00 |
ORIENTAL BANK OF COMMERCE |
7, MAHILA COLONY, GANDHI
NAGAR, DELHI - 110031, INDIA |
B98579030 |
* Date of charge modification
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
From Body Corporate |
3.450 |
3.450 |
|
From Others |
39.948 |
17.748 |
|
TOTAL
|
43.398 |
21.198 |
WORKING OF THE COMPANY:
During the year the company’s turnover was rs.309.168
millions as against the previous year Rs.269.621 millions the company’s net
profit was Rs.5.783 millions as against previous year Rs.5.205 millions thus
increase in turnover is 14.67% and 11.11% in profit.
The company is a capital equipment manufacturer,
and the equipment are manufactures as per the requirement of respective users.
Due to excellent effort of their team, and best quality of their products and
services they achieved this stage. And they are confident that they will give
the best result in coming financial year. Their team has set the target of
turnover of over Rs.600.000 million in the financial year 2013-2014, they are
confident to achieve the record turnover during the current financial year.
FIXED ASSETS:
- Building
- Office Building
- Office
Equipments
- Fax Machine
- Air
Conditioner
- Cease Fire
Extinguisher
- Vehicles
- Plant and
Machinery
- Pager
- Scooter
- Generator
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.60.23 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.83.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
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 |
|
44 |
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.