MIRA INFORM REPORT
|
Report Date : |
27.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
PPS ENVIRO POWER PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
97/A, Road No. 18, Phase – 1, IDA, Jeedimetla, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.10.2002 |
|
|
|
|
Com. Reg. No.: |
01-048720 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.19.693 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40106AP2002PTC048720 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCP9497R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of Manufacturing, Trading Solar
Generating system |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5840000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Profitability of the company appears to be fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. 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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures to
curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260 million
in September, 2012, according to Deloitte report. The number of transactions
has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities BBB - |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
January 14, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities A3 |
|
Rating Explanation |
Moderate degree of safety and very high
credit risk. |
|
Date |
January 14, 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
31-03-2012.
INFORMATION DENIED
MANAGEMENT NON CO-OPERATIVE (91-40-23195123)
LOCATIONS
|
Registered Office : |
97/A, Road No. 18, Phase – 1, IDA, Jeedimetla, Hyderabad – 500055,
Andhra Pradesh, India |
|
Tel. No. : |
91-40-23195123 / 24 |
|
Fax No. : |
91-40-23195033 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
New No: 102, Old No:36, Defence Officers Colony, Ekkatuthangal, Chennai - 600 032,
Tamilnadu, India |
|
Tel. No. : |
91-44-43506555 |
|
Fax No. : |
91-44-43506556 |
|
E-Mail : |
|
|
|
|
|
Sales and
Service Offices 1 : |
SCF-52, Phase-2, S.A.S. Nagar, Mohali - 160 055, Punjab, India |
|
Tel. No. : |
91-172-4010252 |
|
E-Mail : |
|
|
|
|
|
Sales and
Service Offices 2 : |
A/31, Lake View Park 2nd floor, Baranagar Kolkata - 700 108, West
Bengal, India |
|
Tel. No. : |
91-33-2500 0001 |
|
E-Mail : |
|
|
|
|
|
Solar Parks : |
1.5MW Solar
Power Plant ·
Sahiba (Village ) ·
Balachaur (Taluk) ·
S B S Nagar, (Nawansher) ·
Punjab 5MW Solar Power
Plant ·
Sahiba (Village ) ·
Balachaur (Taluk) ·
S B S Nagar, (Nawansher) ·
Punjab |
|
|
|
|
Wind Parks 1 : |
1-9-4, East Street Elathur, Sencottai, Tirunelveli – 627 803,
Tamilnadu, India |
|
Email : |
|
|
|
|
|
Wind Parks 2 : |
6/44 TSD Puthur, Metrothy Post, Udumalpet Coimbatore - 642 203,
Tamilnadu, India |
|
|
|
|
Wind Parks 3 : |
Wind Farm Division Kumarapuram Tirunelveli – 627803, Tamilnadu, India |
|
Email : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Kothandaraman Badri Kasturi |
|
Designation : |
Managing Director |
|
Address : |
97/A, Road No. 18, Phase – 1, IDA, Jeedimetla, Hyderabad – 500055, Andhra
Pradesh, India |
|
Date of Appointment : |
12.02.2004 |
|
DIN No. : |
01857371 |
|
|
|
|
Name : |
Asoori Narasimhan Vijayaraghavan |
|
Designation : |
Director |
|
Address : |
505, Block - C,
Shantha, Srirama, Petbashirabad, Jeedimetla Village, Hyderabad - 500055,
Andhra Pradesh, India |
|
Date of Appointment : |
12.02.2004 |
|
DIN No. : |
03011200 |
|
|
|
|
Name : |
Kasturi Satyan |
|
Designation : |
Director |
|
Address : |
44 Acanthus Road Willetton WA 6155 |
|
Date of Birth/Age : |
24.08.1969 |
|
Date of Appointment : |
02.11.2010 |
|
DIN No. : |
03276247 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Kothandaraman Badri Kasturi |
57251 |
|
Asoori Narasimhan Vijayaraghavan |
12490 |
As on 18.01.2013
|
Names of Allotte |
No. of Shares |
|
Sundram Fasteners Limited |
110480 |
|
Brakes India Limited |
152355 |
|
Hatsun Agro Product Limited |
156789 |
|
India Pistons Limited |
135320 |
|
|
|
|
Total |
554944 |
As on 30.10.2012
|
Names of Allotte |
No. of Shares |
|
Connect Wind India Private Limited |
266571 |
|
Badri Kasturi |
30714 |
|
Radha K |
30714 |
|
Sun Power Solar Technick Private Limited |
330000 |
|
|
|
|
Total |
657999 |
As on 13.08.2012
|
Names of Allotte |
No. of Shares |
|
MRF Limited |
2300 |
|
|
|
|
Total |
2300 |
As on 01.08.2012
|
Names of Allotte |
No. of Shares |
|
India Piston Limited |
726 |
|
Hastun Agro Product Limited |
998 |
|
|
|
|
Total |
1724 |
As on 30.04.2012
|
Names of Allotte |
No. of Shares |
|
Badri Kasturi |
21428 |
|
K. S. Kothandaraman |
10714 |
|
Vijaya Kothandaraman |
10714 |
|
Sun Power Solar Technick Private Limited |
200004 |
|
|
|
|
Total |
242860 |
As on 30.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
26.61 |
|
Directors or relatives of Directors |
73.39 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Manufacturing, Trading Solar
Generating system |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
State Bank of India, Commercial Branch, Mid Corporate Group, Bank
Street, Koti, Hyderabad – 500095, Andhra Pradesh, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A.K. Lunawath and Associates Chartered Accountants |
|
Address : |
No. 25, Barracks, Gate Road, Pattalam, Chennai, Tamilnadu, India |
|
PAN
No. : |
AAJPL6606Q |
|
|
|
|
Associates/Subsidiaries : |
·
Sun Power Solar Technick Private Limited ·
Connect Wind (India) Private Limited ·
Enterprise Business Solutions Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1969284 |
Equity Shares |
Rs.10/- each |
Rs.19.693 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 |
19.693 |
3.623 |
3.223 |
|
(b) Reserves & Surplus |
866.238 |
160.146 |
136.221 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
574.099 |
717.086 |
615.100 |
|
Total
Shareholders’ Funds (1) + (2) |
1460.030 |
880.855 |
754.544 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1322.418 |
956.320 |
436.010 |
|
(b) Deferred tax liabilities (Net) |
49.769 |
49.962 |
39.307 |
|
(c) Other long term liabilities |
112.955 |
265.390 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
1485.142 |
1271.672 |
475.317 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
250.390 |
88.673 |
72.650 |
|
(b) Trade payables |
1330.878 |
325.448 |
208.604 |
|
(c) Other current
liabilities |
149.435 |
127.058 |
35.325 |
|
(d) Short-term provisions |
27.748 |
23.842 |
8.390 |
|
Total Current Liabilities (4) |
1758.451 |
565.021 |
324.969 |
|
|
|
|
|
|
TOTAL |
4703.623 |
2717.548 |
1554.830 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1361.123 |
1251.654 |
567.779 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
36.464 |
294.389 |
48.810 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
123.502 |
0.503 |
0.503 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
810.600 |
386.605 |
583.856 |
|
(e) Other Non-current assets |
7.335 |
7.353 |
27.121 |
|
Total Non-Current Assets |
2339.024 |
1940.504 |
1228.069 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
464.497 |
257.125 |
134.671 |
|
(c) Trade receivables |
1585.496 |
350.684 |
97.913 |
|
(d) Cash and cash
equivalents |
148.951 |
40.456 |
51.925 |
|
(e) Short-term loans and
advances |
161.292 |
121.151 |
36.027 |
|
(f) Other current assets |
4.363 |
7.628 |
6.225 |
|
Total Current Assets |
2364.599 |
777.044 |
326.761 |
|
|
|
|
|
|
TOTAL |
4703.623 |
2717.548 |
1554.830 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Gross) |
1799.568 |
1773.261 |
451.725 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
(Including
Financial and Depreciation Expenses) |
||
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1306.484 |
1444.773 |
417.414 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
87.862 |
43.228 |
34.311 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
19.304 |
14.127 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
NA |
23.924 |
20.184 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
66.00 |
68.00 |
10.25 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.93
|
1.78 |
2.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.05 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.08
|
1.19 |
0.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.37 |
1.00 |
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 |
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] |
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10454246 |
19/10/2013 * |
1,400,000,000.00 |
State Bank of India |
Commercial Branch, Mid Corporate Group, Bank Street, Koti, Hyderabad,
Andhra Pradesh - 500095, INDIA |
B89328231 |
|
2 |
10379782 |
12/09/2012 |
510,000,000.00 |
INDIAN OVERSEAS BANK |
MID CORPORATE BRANCH, 581, NAVEEN PLAZA, ANNA SAL |
B59405621 |
|
3 |
10254662 |
28/03/2011 * |
102,600,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
61, Nungambakkam High Road,, Nungambakkam, Chennai, Tamil Nadu -
600034, INDIA |
B11244241 |
|
4 |
10248466 |
12/10/2010 |
350,000,000.00 |
STATE BANK OF TRAVANCORE |
COMMERCIAL BRANCH, 556, JEEVAN ANAND, TEYNAMPET, |
A97716013 |
|
5 |
10306998 |
30/12/2011 * |
150,000,000.00 |
BANK OF INDIA |
COIMBATORE MID CORPORATE BRANCH, FIRST FLOOR, CH |
B28777910 |
|
6 |
10224406 |
25/04/2011 * |
87,800,000.00 |
STATE BANK OF HYDERABAD |
THOUSAND LIGHTS BRANCH, 37/b, 1 ST FLOOR ,WHITES ROAD, CHENNAI, Tamil
Nadu - 600014, INDIA |
B11230976 |
|
7 |
10173338 |
08/07/2009 |
4,700,000.00 |
The Shamrao Vithal Co - operative Bank Limited |
SVC Towers, Nehru Road, Vakola, Santacruz (E), Mumbai, Maharashtra
-400055, INDIA |
A68455211 |
|
8 |
10171673 |
26/06/2009 |
43,300,000.00 |
The Shamrao Vithal Co - operative Bank Limited |
SVC Towers, Nehru Road, Vakola, Santacruz (E), Mumbai, Maharashtra -
400055, INDIA |
A67935114 |
|
9 |
10051012 |
23/06/2009 * |
43,000,000.00 |
SYNDICATE BANK |
NIZAM SHAHI ROAD BRANCH, HYDERABAD, Andhra Pradesh |
A64026099 |
|
10 |
80002630 |
19/10/2013 * |
691,000,000.00 |
State Bank of India |
Commercial Branch, Mid Corporate Group, Bank Street, Koti, Hyderabad,
Andhra Pradesh - 500095, INDIA |
B89328967 |
* Date of charge modification
FIXED ASSETS
v
Land
v
Buildings
v
Plant and equipment
v
Furniture and fixtures
v
Vehicles
v
Office equipment
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.62.18 |
|
|
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
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 |
|
46 |
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.