MIRA
INFORM REPORT
|
Report Date : |
07.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
USG INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
911, DLF Tower B, Jasola,
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
30.09.2009 |
|
|
|
|
Com. Reg. No.: |
55-194801 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8.500
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45309DL2009PTC194801 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCU1151E |
|
|
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject
is engaged in the business related to trading in comprehensive range of building
material product. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company has incurred huge accumulated losses, which has eroded the
networth of the company. Profitability of the company seems to be under
pressure. Business is active. Payment terms are slow and delayed. The company can be considered for business dealing on safe and secured
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 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.
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. Vijay Agarwal |
|
Designation : |
Regional Sales Manager |
|
Contact No.: |
91-9420554466 |
|
Date : |
04.03.2014 |
LOCATIONS
|
Registered Office/ Warehouse 1 : |
911, DLF Tower B, Jasola,
New Delhi – 110 025, India |
|
Tel. No.: |
91-11-40809937 |
|
Mobile No.: |
91-9420554466 (Mr. Vijay) |
|
Fax No.: |
91-11-40809938 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Warehouse 2 : |
Survey No.S-515, B/2C and 521/3A, Situated at Devanagari Road, Ponneri
Taluk, Chennai – 600 067, Tamilnadu, India |
|
Location : |
Owned |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Kwong Lay E. |
|
Designation : |
Director |
|
Address : |
No. 29, Jalan USJ, 11/2B,
Subang Jaya, Selangor-47620 |
|
Date of Birth/Age : |
11.07.1956 |
|
Date of Appointment : |
24.12.2009 |
|
DIN No.: |
02789936 |
|
|
|
|
Name : |
Herbert Ashley Gardner Jr. |
|
Designation : |
Director |
|
Address : |
2443 Legacy Drive, Aurora
IL, 60502, United States of America |
|
Date of Birth/Age : |
22.09.1950 |
|
Date of Appointment : |
24.12.2009 |
|
DIN No.: |
02795087 |
|
|
|
|
Name : |
Mr. Vikram Dineshchandra Tripathi |
|
Designation : |
Director |
|
Address : |
5714
Gentry CT, Long Grove, IL, 60047, United States of America |
|
Date of Birth/Age : |
09.05.1951 |
|
Date of Appointment : |
01.02.2011 |
|
DIN No.: |
03405759 |
|
|
|
|
Name : |
Kenneth Banas |
|
Designation : |
Director |
|
Address : |
6482, Cape Cod CT, Lisle, IL Cape Cod, 605323212 |
|
Date of Birth/Age : |
24.04.1974 |
|
Date of Appointment : |
28.09.2013 |
|
DIN No.: |
06626893 |
|
|
|
|
Name : |
Jennifer Scanlon |
|
Designation : |
Director |
|
Address : |
6482, Cape Cod CT, Lisle, IL Cape Cod, 605323212 |
|
Date of Birth/Age : |
23.11.1966 |
|
Date of Appointment : |
28.09.2013 |
|
DIN No.: |
06626897 |
|
|
|
|
Name : |
Mr. Koushik Ananda Sarkar |
|
Designation : |
Director |
|
Address : |
F-112, Block No. F, Richmond Park, Phase 4, DLF City, Gurgaon – 122
001, Haryana, India |
|
Date of Birth/Age : |
03.04.1964 |
|
Qualification : |
B. Tech, MBA |
|
Date of Appointment : |
28.09.2013 |
|
DIN No.: |
06674620 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Agarwal |
|
Designation : |
Regional Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
USG
Asia Pacific Holdings Pte Limited, Singapore |
|
22759990 |
|
Pacific
Interiors Supply PL, Singapore |
|
10 |
|
Total
|
|
22760000 |
AS ON 20.11.2013
|
Names of Allottee |
|
No. of Shares |
|
USG
Asia Pacific Holdings Pte Limited |
|
24959997 |
|
Total
|
|
24959997 |
AS ON 28.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged in the business related to trading in comprehensive range of building
material product. |
||||
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|
||||
|
Products : |
·
Gypsum Wallboard ·
Gypsum Fiber Panels ·
Cement Boards ·
Ceiling Suspension Systems ·
Joint Compounds and Related Products |
||||
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|
||||
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Imports : |
|
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|
Products : |
·
Raw Materials |
||||
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Countries : |
·
USA ·
China ·
Oman |
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Terms : |
|
||||
|
Selling : |
L/C, Cash and Credit |
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|
||||
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers, End Users and Others |
|
|
|
|
No. of Employees : |
150 (Approximately) |
|
|
|
|
Bankers : |
Citibank, New Delhi, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V.V.
Kale and Company Chartered
Accountants |
|
Address : |
16A/20, Wea Main Ajmal
Khan Road, Karol Bagh, New Delhi – 110 005, India |
|
Tel. No.: |
91-11-25761916/ 25712222/ 25722222/ 25732222 |
|
Fax No.: |
91-11-25732222 |
|
E-Mail : |
|
|
PAN No.: |
AACFV8784C |
|
|
|
|
Holding Company : |
USG Asia Pacific Holdings
Pte. Limited, Singapore |
|
|
|
|
Subsidiary Company : |
USG Mexico S.A. de C.V,
Mexico |
|
|
|
|
Fellow Subsidiary Companies : |
·
USG Interiors (Far East) Sdn Bhd, Malaysia ·
USG Interiors International Inc., United States ·
US Gypsum Company, United States ·
USG Middle East Limited, Saudi Arabia ·
Star USG Building Material Co. Limited, China |
CAPITAL STRUCTURE
AFTER 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
47719997 |
Equity Shares |
Rs.10/- each
|
Rs.477.200
millions |
|
|
|
|
|
AS ON 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs.400.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
22760000 |
Equity Shares |
Rs.10/- each
|
Rs.227.600
millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
850000 |
Equity Shares |
Rs.10/- each
|
Rs.8.500
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 |
8.500 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
(98.263) |
(24.486) |
1.916 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
219.100 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
129.337 |
(24.386) |
2.016 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.230 |
0.000 |
0.011 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
1.538 |
0.717 |
0.000 |
|
Total Non-current
Liabilities (3) |
1.768 |
0.717 |
0.011 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
59.048 |
87.188 |
44.287 |
|
(c)
Other current liabilities |
13.934 |
4.352 |
0.891 |
|
(d) Short-term
provisions |
45.308 |
0.000 |
0.426 |
|
Total Current
Liabilities (4) |
118.290 |
91.540 |
45.604 |
|
|
|
|
|
|
TOTAL |
249.395 |
67.871 |
47.631 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
3.140 |
0.392 |
0.158 |
|
(ii)
Intangible Assets |
2.329 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2.690 |
0.000 |
0.000 |
|
(iv) Intangible assets under development or
work-in-progress |
0.087 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.202 |
0.000 |
|
(d) Long-term Loan and Advances |
7.755 |
1.797 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
16.001 |
2.391 |
0.158 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
82.931 |
10.686 |
5.154 |
|
(c)
Trade receivables |
66.754 |
20.946 |
21.055 |
|
(d) Cash
and cash equivalents |
78.611 |
31.257 |
20.040 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.126 |
|
(f)
Other current assets |
5.098 |
2.591 |
1.098 |
|
Total
Current Assets |
233.394 |
65.480 |
47.473 |
|
|
|
|
|
|
TOTAL |
249.395 |
67.871 |
47.631 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
600.000 (Approximately) |
200.000 (Approximately) |
80.856 |
|
|
|
Other Income |
NA |
NA |
1.729 |
|
|
|
TOTAL |
NA |
NA |
82.585 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
81.194 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(73.345) |
(26.615) |
1.391 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.432 |
(0.213) |
0.430 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(73.777) |
(26.402) |
0.961 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1.859 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
NA |
NA |
63.513 |
|
|
TOTAL IMPORTS |
NA |
NA |
63.513 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(86.80) |
(2640.20) |
96.09 |
|
Expected Sales (2013-2014): Rs.800.000 millions
The above information has been parted by Mr. Vijay Agarwal (Regional
Sales Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA |
1.16 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
1.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(29.74)
|
(39.33)
|
2.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.57)
|
1.09
|
0.69 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97
|
0.72 |
1.04 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
0.100 |
0.100 |
8.500 |
|
Reserves & Surplus |
1.916 |
(24.486) |
(98.263) |
|
Share
Application money pending allotment |
0.000 |
0.000 |
219.100 |
|
Net worth |
2.016 |
(24.386) |
129.337 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
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 |
No |
|
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 |
No |
Notes:
· The registered office of the company has been shifted from D.S.I.D.C Complex, B-14, 1st Floor, Patparganj Industrial Area, Delhi – 110 092 to the present address w.e.f. 11.12.2012.
·
No Charges Exist for Company.
GENERAL INFORMATION:
The company was
incorporated in New Delhi on 30th September 2009 as a Private
Limited Company under the Companies Act, 1956 under the name of USG INDIA
PRIVATE LIMITED. The company is engaged in the business related to trading in
comprehensive range of building material product and to provide service to
architects, builders, designers and other professionals in relation to
construction and remodelling of building and complexes. The company is a
subsidiary of USG Asia Pacific Pte. Limited, Singapore. The company is a SME
(Small and Medium Enterprise) from the point of view of applicability of
Accounting Standards
FIXED ASSETS:
Tangible
Assets
·
Buildings
·
Furniture and Fixtures
·
Office Equipment
·
Computer Equipments
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.61.32 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.84.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
12 |
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.