MIRA
INFORM REPORT
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Report Date : |
14.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRINTED ELECTRONICS PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
04.08.1987 |
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Com. Reg. No.: |
21-042792 |
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Capital Investment
/ Paid-up Capital : |
Rs. 9.873 Millions |
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CIN No.: [Company Identification
No.] |
U30006WB1987PTC042792 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of LED Light and Importer and trader of Electronic
Components |
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No. of Employees
: |
15 (Approximetly) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 39000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial
risk profile and low profitability levels of the company. As per registrar
of companies the date of balance sheet (i.e. financial filed) is shown as
31.03.2013 but the documents related to financial are not available from any
source. As per available
financial record of 2012, the rating is constrained on account of company’s
moderate financial risk profile and low profitability levels of the company. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before.A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles from
its Talegaon plant near Pune in the second half of 2014. GM was one of the few
global carmakers that was using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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 Mukesh Goyal |
|
Designation : |
Director |
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Contact No.: |
91-9830948665 |
|
Date : |
09.07.2014 |
LOCATIONS
|
Registered Office : |
100/18 Alipore Road West of Durgapur Bridge, Kolkata – 700072, west Bengaal,
India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9830948665 (Mr. Mukesh) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Sales office : |
Located at: Plot No.: 14, 1st Floor, Chittaranjan Avenue, Kolkata –
700072, West Bengal, India |
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Tel. No.: |
91-33-46066071 |
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Fax No.: |
91-33-22127989 |
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Factory 2 : |
Located at: 26/1/2 Buroshibtala (P), Kolkata – 700038, west Bengal, India. |
DIRECTORS
AS ON 05.09.2012
|
Name : |
Mr Mukesh Goyal |
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Designation : |
Diretor |
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Address : |
100/18, Alipore Road, Kolkata – 700027, west Bengal, India |
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Date of Appointment : |
21.01.2003 |
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DIN No.: |
00520021 |
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Other Directorship:
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Name : |
Mr. Vishnu Kumar Goyal |
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Designation : |
Managing Director |
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|
Address : |
100/18, Alipore Road, Kolkata – 700027, west Bengal, India |
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Date of Appointment : |
04.08.1987 |
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DIN No.: |
00527806 |
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Other Directorship:
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Name : |
Ms. Archana Goyal |
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Designation : |
Direcor |
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Address : |
100/18, Alipore Road, Kolkata – 700027, west Bengal, India |
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Date of Appointment : |
04.08.1987 |
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DIN No.: |
00520109 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 05.09.2012
|
Names of Shareholders |
|
No. of Shares |
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Vishnu Kumar Goyal |
|
422100 |
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Archana Goyal |
|
116100 |
|
Tribhuwan Pal Goyal HUF |
|
20000 |
|
Vishnu Kumar Goyal HUF |
|
137000 |
|
Mukesh Goyal |
|
44000 |
|
Mridu Goyal (Agarwal) |
|
12000 |
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Mahabir Prasad Agarwal |
|
2500 |
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Ram Gopal Sharma |
|
2500 |
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Raj Kumar Baghi |
|
2000 |
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Lalit Kishor Goyal |
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13000 |
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Gouri Chatterjee |
|
20 |
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SMT. Mousumi Chakraborty |
|
20 |
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Sri Subrata Chatterjee |
|
20 |
|
Delight Project Private Limited |
|
216000 |
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Total
|
|
987260 |
AS ON 05.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
58.00 |
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Directors
or relatives of directors |
|
42.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of LED Light and Importer and trader of Electronic
Components |
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Products : |
·
LED Lights ·
Down Lights ·
Wall Lamps ·
Wall Washers ·
Flood Lights ·
Swimming Pool Lights ·
Fountain Lights ·
Track Lights ·
High Bay Lights ·
LED Bulbs ·
LED Tube Lights ·
Spot Lights ·
Underwater LED Lights |
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Exports : |
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Products : |
Finished good |
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Countries : |
Dubai |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Singapore ·
Hongkong ·
China |
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Terms : |
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Selling : |
·
Cheque ·
Credit ·
Others ·
Depend |
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Purchasing : |
·
Cheque ·
Credit ·
Others ·
Depend |
GENERAL INFORMATION
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Suppliers : |
Supreme componants international Private limited |
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Customers : |
Titan Industries |
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No. of Employees : |
15 (Approximetly) |
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Bankers : |
Canara Bank, Kolkata |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
Goyal Y K and Associates Chartered Accountant |
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Address : |
A Block, 1st Floor, Mercantile Buildings, 9, Lalbazar
Street, Kolkata – 700001, West Bengal, Mumbai , India |
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Tel. No.: |
91-33-22481037 / 3298 / 7766 91-33-22104221/ 22131429 / 1433 |
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Fax No.: |
91-33-2248-7335 |
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E-Mail : |
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PAN No.: |
AAHFG8233C |
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Sister Concern : |
Delight Project Private Limited |
CAPITAL STRUCTURE
AS ON 05.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
987260 |
Equity Shares |
Rs. 10/-
each |
Rs. 9.873 Millions |
|
|
|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
9.873 |
9.873 |
|
(b) Reserves &
Surplus |
|
27.828 |
27.445 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
37.701 |
37.318 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.048 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.000 |
0.048 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
16.576 |
6.604 |
|
(b) Trade payables |
|
8.112 |
4.782 |
|
(c) Other current
liabilities |
|
1.796 |
0.232 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
|
26.484 |
11.618 |
|
|
|
|
|
|
TOTAL |
|
64.185 |
48.984 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.636 |
0.751 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
5.200 |
2.700 |
|
(c) Deferred tax assets
(net) |
|
0.056 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.293 |
1.261 |
|
(e) Other Non-current
assets |
|
0.096 |
0.004 |
|
Total Non-Current Assets |
|
7.281 |
4.716 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
13.433 |
11.060 |
|
(c) Trade receivables |
|
30.363 |
22.816 |
|
(d) Cash and cash
equivalents |
|
11.918 |
9.810 |
|
(e) Short-term loans and
advances |
|
0.293 |
0.512 |
|
(f) Other current assets |
|
0.897 |
0.070 |
|
Total Current Assets |
|
56.904 |
44.268 |
|
|
|
|
|
|
TOTAL |
|
64.185 |
48.984 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.873 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
26.799 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
36.672 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1.335 |
|
|
2] Unsecured Loans |
|
|
3.355 |
|
|
TOTAL BORROWING |
|
|
4.690 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.055 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
41.417 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.846 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
2.699 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
9.761 |
|
|
Sundry Debtors |
|
|
30.493 |
|
|
Cash & Bank Balances |
|
|
9.909 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
3.213 |
|
Total
Current Assets |
|
|
53.376 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.112 |
|
|
Other Current Liabilities |
|
|
14.939 |
|
|
Provisions |
|
|
0.479 |
|
Total
Current Liabilities |
|
|
15.530 |
|
|
Net Current Assets |
|
|
37.846 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.026 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
41.417 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
0.445 |
0.900 |
0.858 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.063 |
0.254 |
0.291 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.382 |
0.646 |
0.567 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.683 |
0.036 |
(0.531) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.065 |
0.682 |
0.036 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.39 |
0.65 |
0.57 |
|
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover |
|
90.000 |
80.000 |
|
|
|
|
|
Expected Sales: Rs. 100.000 Millions
The above information has been parted by Mr. Mukesh Goyal (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.76 |
1.94 |
1.58 |
|
|
|
|
|
|
|
Return on Investment
(ROI) (PBT/Networth) |
|
0.01 |
0.02 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.44 |
0.18 |
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.15 |
3.81 |
3.44 |
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 |
9.873 |
9.873 |
|
Reserves & Surplus |
27.445 |
27.828 |
|
Net worth |
37.318 |
37.701 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
6.604 |
16.576 |
|
Total borrowings |
6.604 |
16.576 |
|
Debt/Equity ratio |
0.177 |
0.440 |
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 |
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] |
Date of Birth
of Proprietor/Partner/Director, if available |
No |
|
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 |
No |
UNSECURED LOANS:
|
Particular |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
Short Term Borrowing |
|
|
|
Loans
Repayable on Demand- from Related Parties |
16.449 |
2.777 |
|
-from
Others |
0.000 |
3.398 |
|
Total |
16.449 |
6.175 |
FIXED ASSETS
·
Air Conditioner
·
Plant and Machinery
·
Electric Installation
·
Furnitures and Fixtures
·
Motor Car
·
Office Equipment
·
Fax Machine
·
Testing Instrument
·
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. 60.18 |
|
|
1 |
Rs. 103.14 |
|
Euro |
1 |
Rs. 81.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
28 |
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.