MIRA
INFORM REPORT
|
Report Date : |
17.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
NUEVOSOL ENERGY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.409, Ground Floor, Maps Towers, Road No.81, Phase-3, Jubilee
Hills, Hyderabad – 500033, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.09.2011 |
|
|
|
|
Com. Reg. No.: |
01-076517 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.774 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74200AP2011PTC076517 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDN04608C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing solutions for Mounting Systems like Solar Panel Mounting Structure,
Ground Mount Structure, Solar Racking System etc. |
|
|
|
|
No. of Employees
: |
105 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 250000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The rating takes into consideration modest net-worth of the company
and also it depends on outside funding to execute its order to achieve the
turnover targets. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered normal for business dealings with some
caution. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital firms
in India during 2013, registering a drop of about 18 % over the previous year.
The Information Technology and IT-Enabled Services Industry retained its
status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BB (Cash Credit) |
|
Rating Explanation |
Have moderate risk of default. |
|
Date |
September 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
A4 (Letter of Credit) |
|
Rating Explanation |
Have minimal degree of safety and carry very
high credit risk. |
|
Date |
September 2013 |
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. Ramana Swamy |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-40-64644777 |
|
Date : |
15.02.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No.409, Ground Floor, Maps Towers, Road No.81, Phase-3, Jubilee
Hills, Hyderabad – 500033, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23551006/ 64644777/ 23592222 |
|
Fax No.: |
91-40-64644777 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2500 Sq. Ft |
|
Location : |
Rented |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Harish Chowdary Krothapalli |
|
Designation : |
Director |
|
Address : |
8-9-293/F/16, Jubilee Hills, Jawahar Nagar, Hyderabad – 500033, Andhra
Pradesh, India |
|
Date of Birth/Age : |
29.06.1987 |
|
Date of Appointment : |
14.09.2011 |
|
DIN No.: |
03586316 |
|
|
|
|
Name : |
Mr. Srinivas Rao Maganti |
|
Designation : |
Director |
|
Address : |
8-3-833/8, Phase-1, Srinagar Colony, Hyderabad – 500073, Andhra Pradesh,
India |
|
Date of Birth/Age : |
22.02.1988 |
|
Date of Appointment : |
14.09.2011 |
|
DIN No.: |
03586329 |
|
|
|
|
Name : |
Mr. Sriram Dasari |
|
Designation : |
Director |
|
Address : |
R. No. 542, Tamraparani Hostel, IIT Madras, Chennai – 600036, Tamilnadu,
India |
|
Date of Birth/Age : |
18.07.1986 |
|
Date of Appointment : |
14.09.2011 |
|
DIN No.: |
03586333 |
|
|
|
|
Name : |
Mr. Himamsu Popuri |
|
Designation : |
Director |
|
Address : |
11-2-51, Balagi Nagar, Chammam, Hyderabad – 507001, Andhra Pradesh,
India |
|
Date of Birth/Age : |
29.06.1987 |
|
Date of Appointment : |
14.09.2011 |
|
DIN No.: |
03586407 |
|
|
|
|
Name : |
Mr. Nikhilbabu Pachipulusu |
|
Designation : |
Director |
|
Address : |
Room No. 457, Godavari Hostel IIT Madras, Chennai – 600036, Tamilnadu,
India |
|
Date of Birth/Age : |
24.03.1987 |
|
Date of Appointment : |
14.09.2011 |
|
DIN No.: |
03608397 |
KEY EXECUTIVES
|
Name : |
Mr. Ramana Swamy |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Sriram Dasari |
215485 |
20.00 |
|
Himamsu Popuri |
215485 |
20.00 |
|
Harish Chowdary Krothapalli |
215485 |
20.00 |
|
Srinivas Rao Maganti |
215485 |
20.00 |
|
Nikhilbabu Pachipulusu |
215485 |
20.00 |
|
|
|
|
|
Total |
1077425 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing solutions for Mounting Systems like Solar Panel Mounting
Structure, Ground Mount Structure, Solar Racking System etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s |
||||||||||||||||
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||||||||||||||||
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No. of Employees : |
105 (Approximately) |
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||||||||||||||||
|
Bankers : |
· State Bank of Hyderabad, Sanathnagar Branch, Sanathnagar Industrial Estate, Hyderabad - 500018, Andhra Pradesh, India · ICICI Bank Limited |
||||||||||||||||
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|
|
||||||||||||||||
|
Facilities : |
Cash Credit Rs.20.000 Millions (From State Bank of Hyderabad) (Rs.
In Millions)
Notes: (i) Current maturities of Long-term borrowings have been disclosed under the head "Other current liabilities" ii) Vehicle loans are secured by hypothecation of the vehicles financed through the lam arrangements. Such loans are repayable in equal monthly installments over a period of 2 years and carry an interest rate of 13.29% p.a. Secured by way of first charge on all merit assets and fixed assets of the company, existing and future, equitable mortgage of personal properties of directors and their relatives and personal guarantees of all the directors. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
1-8-384 and 385, 3rd Floor, Gowra Ground, S. P. Road, Begumpet,
Secunderabad – 500003, Andhra Pradesh, India |
|
Tel. No.: |
91-40-40312600 |
|
Fax No.: |
91-40-40312714 |
|
PAN No.: |
AACFD3771O |
|
|
|
|
Enterprise where
key managerial personal along with their relatives exercise significant
influence : |
Ilios Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1077425 |
Equity Shares |
Rs.10/- each |
Rs.10.774 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
10.774 |
0.100 |
|
(b) Reserves & Surplus |
|
28.895 |
6.637 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
1.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
39.669 |
7.737 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.329 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.017 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
1.052 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1.381 |
0.017 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
10.778 |
0.000 |
|
(b) Trade payables |
|
148.805 |
24.595 |
|
(c) Other current liabilities |
|
11.580 |
5.046 |
|
(d) Short-term provisions |
|
9.629 |
2.378 |
|
Total Current
Liabilities (4) |
|
180.792 |
32.019 |
|
|
|
|
|
|
TOTAL |
|
221.842 |
39.773 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
4.317 |
0.858 |
|
(ii) Intangible Assets |
|
0.440 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.342 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.191 |
0.060 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
6.290 |
0.918 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
6.745 |
0.000 |
|
(c) Trade receivables |
|
186.498 |
29.073 |
|
(d) Cash and cash equivalents |
|
17.121 |
6.467 |
|
(e) Short-term loans and advances |
|
5.037 |
3.263 |
|
(f) Other current assets |
|
0.151 |
0.052 |
|
Total Current
Assets |
|
215.552 |
38.855 |
|
|
|
|
|
|
TOTAL |
|
221.842 |
39.773 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
|
715.703 |
173.275 |
|
|
|
Other Income |
|
NA |
0.075 |
|
|
|
TOTAL (A) |
|
NA |
173.350 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material consumed |
|
|
16.774 |
|
|
|
Employee benefits |
|
|
6.575 |
|
|
|
Other Expenses |
|
|
139.570 |
|
|
|
TOTAL (B) |
|
NA |
162.919 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
39.556 |
10.431 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
5.024 |
0.286 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
34.532 |
10.145 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.714 |
0.066 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
33.818 |
10.079 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
11.561 |
3.441 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
22.257 |
6.638 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
78.12 |
663.76 |
|
Expected Sales (2013-2014): Rs.1250.000 Millions
The above information has been parted by Mr. Ramana Swamy
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
|
NA |
3.83 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
4.73 |
5.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
15.27 |
25.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.85 |
1.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.28 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.19 |
1.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.100 |
10.774 |
|
Reserves & Surplus |
6.637 |
28.895 |
|
Net
worth |
6.737 |
39.669 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.329 |
|
Short term borrowings |
0.000 |
10.778 |
|
Total
borrowings |
0.000 |
11.107 |
|
Debt/Equity
ratio |
0.000 |
0.280 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
173.275 |
715.703 |
|
|
#REF! |
313.045 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
173.275 |
715.703 |
|
Profit |
6.638 |
22.257 |
|
|
3.83% |
3.11% |
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 two years |
Yes |
|
12] |
Profitability for last two 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 |
No |
|
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 |
Note:
The registered office of the company has been shifted from D. No.
8-3-833/15, F No. 353, Plot No. 15, Kamalapuri Colony, Sri Nagar Colony Post,
Hyderabad – 500073, Andhra Pradesh, India to the present w.e.f.21.07.2012
CONTINGENT
LIABILITIES:
(Rs. In Millions)
|
Particular |
31.03.2013 |
|
Claims against the
company not acknowledged as debts |
|
|
Value Added Tax matters under dispute |
0.267 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10389845 |
21/12/2012 * |
140,000,000.00 |
STATE BANK OF HYDERABAD |
SANATH NAGAR BRANCH, SANATH NAGAR INDUSTRIAL ESTATE, HYDERABAD, ANDHRA PRADESH - 500018, INDIA |
B65816142 |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
·
Building
·
Plant and Machinery
·
Computers
·
Furniture and Fixtures
·
Office Equipment
·
Vehicle
Intangible Assets
· Computer Software
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.62.28 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
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 |
|
30 |
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.