MIRA
INFORM REPORT
|
Report Date : |
02.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
P
E ENGINEERS PRIVATE LIMITED |
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|
|
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Registered
Office : |
23,
I.D.A., Balanagar, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
29.10.1981 |
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Com. Reg. No.: |
003247
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Capital
Investment / Paid-up Capital : |
Rs.7.500
millions |
|
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|
|
CIN No.: [Company Identification
No.] |
U74210TG1981PTC003247 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturer of Pressed Steel Radiators for Electrical Transformers
(Power and Distribution). |
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|
No. of Employees
: |
Information Declined by the Management. |
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 |
|
Maximum Credit Limit : |
USD 155000 |
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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. There seems some dip
in the profit of the company during 2013. However, networth of the company is
satisfactory. General financial position of the company is normal and
acceptable for business dealing. Trade relations
are reported as fair. Business is active. Payment terms are reported to be
usually correct. The company can
be considered normal 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
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
NEWS
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the share goes up further in the
coming years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20%! Equities came in second with annualized
return of 15.5%! However, while these returns may seem mouthwatering, the fact
is that the return from equities adjusted for inflation came down to just 7.1
%.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
.
. Ukrain’s clashes with rebels hinder MH17 crash investigation
.
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs.10000 mn.
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
31-03-2014.
INFORMATION DECLINED
Management non-cooperative
(Tel. No.: 91-40-44540111)
LOCATIONS
|
Registered Office/ Head Quarters : |
23,
I.D.A., Balanagar, |
|
Tel. No.: |
91-40-44540111 |
|
Fax No.: |
91-40-23078400 |
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E-Mail : |
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Website : |
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Factory : |
Located at: ·
·
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DIRECTORS
AS ON 24.09.2012
|
Name : |
Mr. Rajeev Madhav Deo |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
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|
Address : |
Flat No.602, Alpine
Heights, Raj |
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|
Date of Appointment : |
01.04.1987 |
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DIN No.: |
00312333 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||
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Name : |
Ms. Saroj Madhav Deo |
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|
Designation : |
Director |
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|
Address : |
8‐3‐302/2/D, Yousfguda, |
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Date of Appointment : |
29.10.1981 |
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DIN No.: |
00312737 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajeev
Madhav Deo |
|
44000 |
|
Saroj
Madhav Deo |
|
19250 |
|
Rita
Dixit |
|
11750 |
|
Total
|
|
75000 |
AS ON 24.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pressed Steel Radiators for Electrical Transformers
(Power and Distribution). |
GENERAL INFORMATION
|
Suppliers : |
·
Akzonobel Coatings ·
Bamrah Engineering ·
BM Industries ·
Bhushan Power and Steel Limited ·
Balaji Machinery Corporation ·
Citizen Steel and Wires ·
Engineers Equipments ·
Deep Jyothi Gases ·
Far n Par India Private Limited ·
Hari Om Timber Depot ·
·
Jamnagar Brass Corporation ·
Loha Ispat Limited ·
Maruti Traders |
|||||||||||||||||||||
|
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|
|||||||||||||||||||||
|
Customers : |
·
Aditya Vidyut Industries ·
Bharat Heavy Electicals Limited ·
EMCO – Jalagoan ·
IMP Powers Limited ·
Kirloskar Electric Company Limited ·
·
Schneider Electric Infrastructure Limited ·
Vijai Electricals ·
Voltamp Transformers |
|||||||||||||||||||||
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No. of Employees : |
Information Declined by the Management. |
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Bankers : |
·
Canara Bank, SME Branch, ·
Axis Bank Limited |
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Facilities : |
Notes: 1) Loans are secured by
Hypothecation of Stocks and Book Debts, Plant and Machinery (Excluding Prime
Security for TL) and Vehicles Valued @ Rs.15.648 millions. 2) Collaterally Secured
by EMT of Land and Building Standing in the name of the Company @ Plot No.23,
IDA, Balanagar, And hypothecation of
Plant and Machinery of Tarang Engineering Private Limited @ The loans further secured
by personal guarantees of Mr. R.M. Deo and Mrs. Saroj Deo. And
Corporate Guarantee of Tarang Engineering Private Limited. |
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|
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|
Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Anjaneyulu and Company Chartered Accountants |
|
Address : |
Plot No.30, Bhagyalakshmi Nagar, Kavadiguda, Gandhi Nagar, |
|
PAN No.: |
AAGFA1840E |
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Group Companies : |
·
Tarang Engineering Private Limited ·
Minar Heat Transfer Private Limited |
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 |
|
75000 |
Equity Shares (*) |
Rs.100/-
each |
Rs.7.500
millions |
|
|
|
|
|
(*)
Out of the above 75000
Paid - Up Equity Shares, 60000 Equity Shares have been issued as fully paid up Bonus
Shares by capitalisation of Share premium and Surplus in Profit and Loss
Account during the financial year 2010-2011.
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 |
7.500 |
7.500 |
7.500 |
|
(b) Reserves & Surplus |
31.235 |
27.067 |
21.740 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
38.735 |
34.567 |
29.240 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.641 |
2.031 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.641 |
2.031 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
7.577 |
3.763 |
3.018 |
|
(b)
Trade payables |
35.277 |
34.013 |
28.324 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
7.177 |
7.334 |
3.227 |
|
Total Current
Liabilities (4) |
50.031 |
45.110 |
34.569 |
|
|
|
|
|
|
TOTAL |
88.766 |
80.318 |
65.840 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
18.180 |
19.942 |
18.306 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.596 |
0.372 |
0.365 |
|
(d) Long-term Loan and Advances |
0.903 |
0.904 |
0.783 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
19.679 |
21.218 |
19.454 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
7.754 |
3.654 |
3.556 |
|
(c)
Trade receivables |
54.812 |
49.746 |
41.812 |
|
(d) Cash
and cash equivalents |
0.187 |
0.060 |
0.006 |
|
(e)
Short-term loans and advances |
6.334 |
5.640 |
1.012 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
69.087 |
59.100 |
46.386 |
|
|
|
|
|
|
TOTAL |
88.766 |
80.318 |
65.840 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
192.935 |
206.603 |
194.107 |
|
|
|
Other Income |
0.457 |
1.582 |
3.288 |
|
|
|
TOTAL |
193.392 |
208.185 |
197.395 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
198.529 |
184.155 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
185.428 |
198.529 |
184.155 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
7.964 |
9.656 |
13.240 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.480 |
2.988 |
4.420 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
5.484 |
6.668 |
8.820 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
27.067 |
21.740 |
18.236 |
|
|
|
|
|
|
|
|
|
Less |
Amount
transferred to Bonus Shares |
-- |
-- |
4.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
1.125 |
1.125 |
1.125 |
|
|
|
Dividend
Tax |
0.191 |
0.191 |
0.191 |
|
|
|
Interest
on Income tax of 2009-10 |
0.000 |
0.025 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
31.235 |
27.067 |
21.740 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
71.871 |
51.975 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
73.12 |
88.91 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.84 |
3.20 |
4.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.13 |
4.67 |
6.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.03 |
12.08 |
20.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.28 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.20 |
0.13 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.38 |
1.31 |
1.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
7.500 |
7.500 |
7.500 |
|
Reserves & Surplus |
21.740 |
27.067 |
31.235 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
29.240 |
34.567 |
38.735 |
|
|
|
|
|
|
Long-term borrowings |
2.031 |
0.641 |
0.000 |
|
Short term borrowings |
3.018 |
3.763 |
7.577 |
|
Total borrowings |
5.049 |
4.404 |
7.577 |
|
Debt/Equity ratio |
0.173 |
0.127 |
0.196 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
194.107 |
206.603 |
192.935 |
|
|
|
6.438 |
(6.616) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
194.107 |
206.603 |
192.935 |
|
Profit |
8.820 |
6.668 |
5.484 |
|
|
4.54% |
3.23% |
2.84% |
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10511728 |
06/06/2014 |
41,800,000.00 |
CANARA BANK |
SME KUKATPALLY BRANCH,
MYTHRI COMPLEX, PRASHANTH NAGARI. E. KUKATPALLY, |
C14170237 |
|
2 |
10472413 |
31/12/2013 |
15,000,000.00 |
CANARA BANK |
SME BRANCH, |
B94321775 |
|
3 |
90128634 |
31/12/2013 * |
59,000,000.00 |
CANARA BANK |
SME BRANCH, KUKATPALLY, |
B93793289 |
|
4 |
90125143 |
16/03/2004 |
10,000,000.00 |
|
A.P., A.P., ANDHRA |
- |
|
5 |
90128429 |
07/04/2004 * |
9,000,000.00 |
CANARA BANK |
S.S.I. BRANCH,
KUKATPALLY, |
- |
|
6 |
90127708 |
17/07/2002 * |
1,200,000.00 |
CANARA BANK |
SPECIALISED S.S.I.
BRANCH, KUKATPALLY BRANCH, HYD |
- |
|
7 |
90129562 |
06/09/2003 * |
7,000,000.00 |
CANARA BANK |
S.S.I. BRANCH,
KUKATPALLY, |
- |
|
8 |
90124961 |
06/12/1996 |
7,100,000.00 |
CANBANK FACTORE LTD. |
3-6-65 ; BESIDE SKYLANE
THESTRE, BASHIRBAGH, HYDE |
- |
|
9 |
90124960 |
21/05/1996 |
5,900,000.00 |
CANBANK FACTORE LTD. |
3-6-65 ; BESIDE SKYLANE
THESTRE, BASHIRBAGH, HYDE |
- |
|
10 |
90124958 |
12/02/1997 * |
9,500,000.00 |
CANARA BANK |
SPECIALISED S.S.I.
BRANCH, KUKATPALLY BRANCH, HYD |
- |
|
11 |
90129377 |
05/10/1991 |
320,000.00 |
A.P.S.F.C. |
|
- |
|
12 |
90129241 |
28/03/1988 |
464,000.00 |
A.P.S.F.C. |
|
- |
|
13 |
90127343 |
15/05/1989 * |
2,000,000.00 |
CANARA BANK |
FATHENAGAR, |
- |
|
14 |
90129185 |
11/12/1993 * |
2,000,000.00 |
CANARA BANK |
FATHENAGAR, |
- |
* Date of charge modification
WORKING RESULTS:
The Company during the year
achieved Sales of Rs.192.935 millions, which is lower than previous year sale
of Rs.206.603 millions. The Company apart from sales also received Rs.0.457 million
towards miscellaneous receipts. The Company during the year posted a net profit
of Rs.7.963 millions before appropriations as against previous year profit of
Rs.9.655 millions. The Directors are making constant efforts to increase the
business and to minimize the expenditure to make good Profits in the next year.
FIXED ASSETS:
·
Land
·
Machinery
·
Furniture
and Fixtures
·
Electrical
Fittings
·
Building
·
Tools
·
Vehicles
·
Car
·
Office
Machinery
·
Pipe
Fitting
·
Computers
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.60.85 |
|
|
1 |
Rs.102.69 |
|
Euro |
1 |
Rs.81.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
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.