|
Report Date : |
06.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
BHOR ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S. No.81, Shivane, NDA Road, Pune – 411023, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
29.06.1998 |
|
|
|
|
Com. Reg. No.: |
25-012652 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.23.102
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29999PN1998PTC012652 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEB01756G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Sheet Metal Components. |
|
|
|
|
No. of Employees
: |
215 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 204400 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Management
has seen a dip in its net profitability during 2013. Whereas the financial
position appears to be acceptable marked by modest networth
position. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The services sector, the largest contributor to India’s GDP, contracted for
the sixth consecutive month in December, as orders dipped. However, hiring has
risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield
(new) and brown field (existing) pharmaceutical companies, despite concerns
over genetic drugs going out of production, if multi-national companies take
over domestic ones. In M&A deals, a non compete clause would not be allowed,
except in special circumstances. The Department of Industrial Policy and
Promotion plans to release the next edition of its consolidated foreign direct
investment policy document on March 31, incorporating changes made in the past
year. DIPP compiles all policies related to India’s FDI regime into a single
document to make it easy for investors to understand. 185 million estimated
number of mobile internet users in India by June 2014, according to a report by
the Internet & Mobile Association of India and IMRB International.
India had 110 million mobile internet users with 25 million in rural
areas. $3.77 tn estimated global IT spending in 2014,
according to research firm Gartner Inc. The growth forecast for this year is
cut to 3.1 %from the earlier estimate of 3.5 %. The spending growth forecast
for telecom services – a segment that accounts for more than 40 % at total IT
spending – from 1.9 per cent to 1.2 per cent is the main reason for this
overall IT cut. A Reserve Bank of India committee has recommended setting up a
special category of lenders who would cater to small businesses and households,
to expand the number of customers with access to banking services. These banks
would focus onproviding payment services and deposit
products. Indian banks want the free use of automated teller machines to
be capped at five transactions in a month including that of the bank in which
the account is active. This follows state government order to banks to install
security guards at ATM booths after a woman banker was assaulted in Bangalore.
The government is likely to present a vote on Account in mid-February. The
annual Economic Survey will be tabled later in Parliament along with the full
Budget. A full Budget for 2014/15 is likely to be present in July by the new
government formed after the General Election. The government will soon launch
an internet spy system, called Netra, to detect malafide messages. Security agency will deploy the system
to capture dubious voice traffic on applications such as Skype
and Google Talk, as well as tweeters.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Devdas |
|
Designation : |
Finance Department |
|
Contact No.: |
91-20-25292179 |
|
Date : |
05.02.2014 |
LOCATIONS
|
Registered Office : |
S. No.81, Shivane, |
|
Tel. No.: |
91-20-25290588 /
25218019/ 25292073 |
|
Mobile No.: |
91-9011200000 (Mr. Sachin Prabhakar Bhor) |
|
Fax No.: |
91-20-25290588 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 26, SIPCOT Industrial Complex Phase-II, Taluka Hosur, District Krishnagari-635126, Tamilnadu, India |
|
Tel. No.: |
91-43-44324659 |
|
Area : |
60000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Sachin Prabhakar Bhor |
|
Designation : |
Director |
|
Address : |
Plot No. 46, Girish Society, Warje, Pune – 411029, Maharashtra,
India |
|
Date of Birth/Age : |
03.05.1978 |
|
Qualification : |
B. E. |
|
Date of Appointment : |
29.06.1998 |
|
DIN No.: |
00139086 |
|
|
|
|
Name : |
Mrs. Pramila Prabhakar Bhor |
|
Designation : |
Director |
|
Address : |
Plot No. 46, Girish Society, Warje, Pune – 411029, Maharashtra,
India |
|
Date of Birth/Age : |
17.11.1950 |
|
Qualification : |
Qualification |
|
Date of Appointment : |
29.06.1998 |
|
DIN No.: |
00139167 |
|
|
|
|
Name : |
Mr. Sanjay Prabhakar Bhor |
|
Designation : |
Director |
|
Address : |
Plot No. 46, Girish Society, Warje, Pune – 411029, Maharashtra,
India |
|
Date of Birth/Age : |
10.08.1970 |
|
Qualification : |
B. Tech |
|
Date of Appointment : |
29.06.1998 |
|
DIN No.: |
00972759 |
KEY EXECUTIVES
|
Name : |
Mr. Devdas |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Prabhakar Bhor |
|
96945 |
|
Pramila Prabhakar Bhor |
|
32334 |
|
Sachin Prabhakar Bhor |
|
75291 |
|
Tulsi Sachin Bhor |
|
13107 |
|
Sunita Sanjay Bhor |
|
13339 |
|
|
|
|
|
TOTAL
|
|
231016 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sheet Metal Components. |
|
|
|
|
Imports : |
|
|
Products : |
Finished Goods and Raw Materials |
|
Countries : |
Italy |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Bhushan Steel Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
End Users ·
Cumming India Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
215 [Approximately] |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· The Cosmos Co-Operative Bank Limited, (Warje Branch) 269/270, Shaniwar Peth, Pune - 411030, Maharashtra, India · CITI Bank · HDFC Bank Limited · IDBI Bank ·
ICICI Bank Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deekay and Company Chartered Accountants |
|
Address : |
5, Parshuram Apartments, 1616, Sadashiv Peth, Pune – 411030, Maharashtra, India |
|
PAN No: |
AABFD9996M |
|
|
|
|
Sister Concern : |
Transgenez Solutions Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.100/- each |
Rs.25.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
231016 |
Equity Shares |
Rs.10/- each
|
Rs.23.102
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 |
23.102 |
23.102 |
15.461 |
|
(b) Reserves & Surplus |
27.999 |
24.038 |
19.437 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
7.640 |
|
Total Shareholders’ Funds (1) + (2) |
51.101 |
47.140 |
42.538 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
85.590 |
40.503 |
52.541 |
|
(b) Deferred tax liabilities (Net) |
1.712 |
1.882 |
1.532 |
|
(c) Other long
term liabilities |
12.846 |
12.846 |
12.846 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
100.148 |
55.231 |
66.919 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
53.488 |
37.123 |
29.287 |
|
(b)
Trade payables |
54.436 |
47.713 |
44.375 |
|
(c) Other
current liabilities |
61.967 |
68.545 |
49.796 |
|
(d) Short-term
provisions |
4.803 |
3.788 |
2.806 |
|
Total Current
Liabilities (4) |
174.694 |
157.169 |
126.264 |
|
|
|
|
|
|
TOTAL |
325.943 |
259.540 |
235.721 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
102.391 |
109.585 |
68.954 |
|
(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 |
26.775 |
18.615 |
37.573 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.434 |
1.734 |
4.607 |
|
(e) Other
Non-current assets |
0.042 |
0.064 |
0.000 |
|
Total Non-Current
Assets |
132.642 |
129.998 |
111.134 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
77.355 |
65.339 |
80.086 |
|
(c)
Trade receivables |
53.973 |
43.122 |
35.151 |
|
(d) Cash
and cash equivalents |
9.209 |
5.165 |
4.887 |
|
(e)
Short-term loans and advances |
52.743 |
15.895 |
4.463 |
|
(f)
Other current assets |
0.021 |
0.021 |
0.000 |
|
Total
Current Assets |
193.301 |
129.542 |
124.587 |
|
|
|
|
|
|
TOTAL |
325.943 |
259.540 |
235.721 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
225.693 |
191.925 |
188.218 |
|
|
|
Other Income |
2.192 |
2.756 |
0.892 |
|
|
|
TOTAL |
227.885 |
194.681 |
189.110 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
209.416 |
178.786 |
173.516 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
18.469 |
15.895 |
15.594 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.457 |
9.061 |
10.853 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
6.012 |
6.834 |
4.741 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.051 |
2.233 |
1.180 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
3.961 |
4.601 |
3.561 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
17.15 |
19.92 |
23.03 |
|
Expected Sales (2013-14) : Rs.300.000 Millions.
The above information has been parted by Mr. Devdas.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.74
|
2.36 |
1.88 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.66
|
3.56 |
2.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.00
|
2.84 |
2.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.14 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.72
|
1.65 |
1.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
0.82 |
0.99 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last 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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
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 |
10427138 |
25/03/2013 |
10,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (WARJE BRANCH) |
269/270, SHANIWAR
PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B75624478 |
|
2 |
10387888 |
09/11/2012 |
5,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (WARJE BRANCH ) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B62525514 |
|
3 |
10315469 |
21/10/2011 |
4,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (WARJE BRANCH ) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B24455586 |
|
4 |
10286155 |
15/04/2011 |
5,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (WARJE BRANCH ) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B12663399 |
|
5 |
10272955 |
11/02/2011 |
3,500,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED ( WARJE BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B08345449 |
|
6 |
10251967 |
02/11/2010 |
4,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED ( WARJE BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
A99713661 |
|
7 |
10242714 |
22/09/2010 |
865,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (WARJE BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
A96061452 |
|
8 |
10204692 |
10/02/2010 |
14,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LTD. (WARJE BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
A80292873 |
|
9 |
10204691 |
10/02/2010 |
15,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LTD. (WARJE BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
A80292568 |
|
10 |
10132209 |
31/01/2011 * |
25,000,000.00 |
THE COSMOS CO-OPERATIVE
BANK LIMITED (WARJE BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B08346975 |
|
* 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 |
|
|
|
Loan and
Advances From Related Parties |
|
|
|
Collage AEC |
0.00 |
0.750 |
|
Sidharth Developers |
1.574 |
1.574 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Interest From Loan From Related Parties Repayable on Demand |
23.104 |
8.118 |
|
TOTAL
|
24.678 |
10.442 |
FIXED ASSETS:
· Land and Building
· Plant and Machinery
· Furniture and Fixture
· Vehicles
· Computers
· Office Equipments
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.45 |
|
|
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.84.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.