MIRA INFORM REPORT
|
Report Date : |
16.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
PALTECH COOLING TOWERS AND EQUIPMENTS LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 26 and 26A, Roz Ka Meo, Industrial Area, Phase-1, Sohna –
122103, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
06.05.1994 |
|
|
|
|
Com. Reg. No.: |
05-038579 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 24.463 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899HR1994PLC038579 |
|
|
|
|
IEC No.: |
0500058881 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP4031D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Cooling Tower (RCC, Timber,
Pultruded FRP, FRP), Chilling Plants (Air and Water Cooled), Water Treatment
Plants and Water Treatments Chemicals. |
|
|
|
|
No. of Employees
: |
140 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Management has reported large working capital intensive operations
leading to extensive utilization of bank limits during FY14. However, trade relations seems to be fair. Business is active. Payment
terms are reported as slow but correct. In view of experienced promoters, the company can be considered for
business dealings at usual trade terms and condition. |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BB- |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
16.06.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
16.06.2014 |
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 PARTED BY
|
Name : |
Ms. Madhu |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-124-4499700 |
|
Date : |
16.12.2014 |
LOCATIONS
|
Registered Office / Factory : |
Plot No. 26 and 26A, Roz Ka Meo, Industrial Area, Phase-1, Sohna –
122103, |
|
Tel. No.: |
91-124-2362961 / 2363139 |
|
Mobile No.: |
9871096339 (Mr. Vijay Yadav) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
B-604, Sushant Lok, Phase-1, Gurgaon – 122002, |
|
Tel. No.: |
91-124-4499700 |
|
Fax No.: |
91-124-4222466 |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Branch Office: |
Located At
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Hari Pal Yadav |
|
Designation : |
Managing director |
|
Address : |
B 604, Sushant Lok, Phase – 1, Gurgaon – 122002, |
|
Date of Birth/Age : |
12.05.1962 |
|
Date of Appointment : |
06.05.1994 |
|
DIN No.: |
00126862 |
|
|
|
|
Name : |
Manju Yadav |
|
Designation : |
Whole-time director |
|
Address : |
B 604, Sushant Lok, Phase – 1, Gurgaon – 122002, |
|
Date of Birth/Age : |
04.08.1965 |
|
Date of Appointment : |
06.05.1994 |
|
DIN No.: |
00148875 |
|
|
|
|
Name : |
Sanjiv Bansal |
|
Designation : |
Whole-time director |
|
Address : |
C-6/A-2, IIT Campus, |
|
Date of Birth/Age : |
22.10.1963 |
|
Date of Appointment : |
10.05.2013 |
|
DIN No.: |
00145636 |
|
|
|
|
Name : |
Vijay Yadav |
|
Designation : |
Whole-time director |
|
Address : |
GI-877, Sarojini, |
|
Date of Birth/Age : |
02.08.1975 |
|
Date of Appointment : |
10.05.2013 |
|
DIN No.: |
01254494 |
KEY EXECUTIVES
|
Name : |
Ms. Madhu |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Hari Pal Yadav |
|
1551170 |
|
Manju Yadav |
|
408600 |
|
Sanjeev Bansal |
|
5000 |
|
Siddharth Yadav |
|
218500 |
|
Paltech Cooling Towers Private Limited, |
|
139000 |
|
Paltech Hotels Private Limited, |
|
54000 |
|
Indomonex Private Limited, |
|
70000 |
|
|
|
|
|
Total |
|
2446270 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
10.75 |
|
Directors or relatives of Directors |
89.25 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cooling Tower (RCC, Timber, Pultruded FRP,
FRP), Chilling Plants (Air and Water Cooled), Water Treatment Plants and Water
Treatments Chemicals. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Import : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit / Others |
|
|
|
|
Purchasing : |
Cash / Credit / Others |
GENERAL INFORMATION
|
Supplier : |
Not Divulged |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
140 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Tel. No.: 91-124-2223725
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Financial
Institution : |
Electronica Financie Limited, 128/A, Plot No.: 3, Kailashchandra
Appartments, Kothurd, Pune – 411038, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
VSD and Associates Chartered Accountants |
|
Address : |
E-145, Basement, Kalkaji, New Delhi – 110019, India |
|
Tel. No.: |
91-11-41329602 |
|
Fax No.: |
91-11-41329605 |
|
E-Mail : |
|
|
PAN No.: |
AAEFV5670P |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs.10/- each |
Rs.75.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2446270 |
Equity Shares |
Rs.10/- each |
Rs.24.463 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
24.463 |
23.147 |
23.147 |
|
(b) Reserves & Surplus |
115.231 |
102.494 |
96.024 |
|
(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) |
139.694 |
125.641 |
119.171 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
48.591 |
67.158 |
48.970 |
|
(b) Deferred tax liabilities (Net) |
5.897 |
6.424 |
5.541 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
2.660 |
2.534 |
1.823 |
|
Total Non-current
Liabilities (3) |
57.148 |
76.116 |
56.334 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
183.289 |
193.763 |
109.493 |
|
(b) Trade
payables |
63.471 |
55.227 |
71.298 |
|
(c) Other
current liabilities |
67.130 |
66.309 |
64.927 |
|
(d) Short-term
provisions |
2.982 |
2.199 |
5.368 |
|
Total Current
Liabilities (4) |
316.872 |
317.498 |
251.086 |
|
|
|
|
|
|
TOTAL |
513.714 |
519.255 |
426.591 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
116.840 |
125.299 |
126.379 |
|
(ii)
Intangible Assets |
0.000 |
1.600 |
1.800 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.322 |
7.437 |
7.856 |
|
(e) Other
Non-current assets |
4.000 |
4.000 |
1.383 |
|
Total Non-Current
Assets |
124.162 |
138.336 |
137.418 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
236.043 |
229.228 |
142.073 |
|
(c) Trade
receivables |
97.807 |
99.269 |
86.440 |
|
(d) Cash
and cash equivalents |
13.968 |
15.426 |
20.525 |
|
(e)
Short-term loans and advances |
41.734 |
36.996 |
40.135 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
389.552 |
380.919 |
289.173 |
|
|
|
|
|
|
TOTAL |
513.714 |
519.255 |
426.591 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
360.948 |
378.072 |
325.772 |
|
|
|
Other Income |
2.032 |
1.901 |
2.916 |
|
|
|
TOTAL (A) |
362.980 |
379.973 |
328.688 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
185.647 |
194.879 |
220.681 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(17.326) |
(21.871) |
(40.006) |
|
|
|
Employees benefits expense |
42.007 |
46.078 |
34.750 |
|
|
|
Extraordinary Items |
0.039 |
(0.012) |
0.000 |
|
|
|
Other expenses |
95.716 |
112.238 |
72.149 |
|
|
|
TOTAL (B) |
306.083 |
331.312 |
287.574 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
56.897 |
48.661 |
41.114 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
36.902 |
32.570 |
17.073 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.995 |
16.091 |
24.041 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.985 |
7.191 |
5.376 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
13.010 |
8.900 |
18.665 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.478 |
2.431 |
5.967 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
10.532 |
6.469 |
12.698 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
72.614 |
66.145 |
53.447 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
83.146 |
72.614 |
66.145 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.54 |
2.79 |
5.49 |
|
Expected Sales ( 2014-2015 ) : Rs.400.000 Millions
The above information has been parted by Ms.Madhu .
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
2.92 |
1.71 |
3.90 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
15.76 |
12.87 |
12.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.53 |
1.71 |
4.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.07 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.66 |
2.08 |
1.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.20 |
1.15 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
23.147 |
23.147 |
24.463 |
|
Reserves & Surplus |
96.024 |
102.494 |
115.231 |
|
Net worth |
119.171 |
125.641 |
139.694 |
|
|
|
|
|
|
long-term borrowings |
48.970 |
67.158 |
48.591 |
|
Short term borrowings |
109.493 |
193.763 |
183.289 |
|
Total borrowings |
158.463 |
260.921 |
231.880 |
|
Debt/Equity ratio |
1.330 |
2.077 |
1.660 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
325.772 |
378.072 |
360.948 |
|
|
|
16.054 |
(4.529) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
325.772 |
378.072 |
360.948 |
|
Profit |
12.698 |
6.469 |
10.532 |
|
|
3.90% |
1.71% |
2.92% |
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 years |
Yes |
|
12] |
Profitability for last three 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 |
Yes |
|
17] |
Major suppliers |
No |
|
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 |
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 |
Yes |
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
From Director |
39.469 |
46.115 |
|
From Others |
4.717 |
9.096 |
|
Total |
|
|
|
|
44.186 |
55.211 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10533434 |
27/11/2014 |
30,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
GROUND FLOOR, UDYOG MINAR,, VANIJYA NIKUNJ, UDYOG |
C35080787 |
|
2 |
10335373 |
25/01/2012 |
6,513,310.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3,KAILASHCHANDRA APPARTMENTS,, PAU |
B32038432 |
|
3 |
10311908 |
09/03/2012 * |
148,500,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, 6TH FLOOR, PLAM COURT BUILDING |
B36360212 |
|
4 |
10045405 |
09/03/2012 * |
190,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, 6TH FLOOR, PLAM COURT BUILDING |
B36360741 |
|
5 |
90057830 |
18/05/2006 * |
11,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, NARAINA, NEW DELHI, DELHI - 11 |
- |
* Date of charge modification
FIXED ASSETS
- Plant
- Building
- Plant and Machinery
- Furniture and Fixture
- Vehicle
- Computer
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.62.65 |
|
|
1 |
Rs.98.53 |
|
Euro |
1 |
Rs.78.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.