MIRA
INFORM REPORT
|
Report Date : |
22.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
EASY PHOTO VOLTECH PRIVATE LIMITED |
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Registered
Office : |
E – 10/4, Krishna Nagar, New Delhi – 110051 |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
23.01.2001 |
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Com. Reg. No.: |
109350 |
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Capital
Investment / Paid-up Capital : |
Rs. 1.500 Millions |
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CIN No.: [Company Identification
No.] |
U74899DL2001PTC109350 |
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PAN No.: [Permanent Account No.] |
AACCN4921C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter, Importer, Trader and Supplier of Vast Range of
Solar Products. |
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|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 120000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is 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 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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC
OVERVIEW
US investment bank Goldman Sachs has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.
India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.
Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.
Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.
There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.
Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.
Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.
Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.
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. Vinod Kumar Sharma |
|
Designation : |
Director |
|
Contact No.: |
91-9311112551 |
|
Date : |
14.05.2014 |
LOCATIONS
|
Registered Office : |
E – 10/4, Krishna Nagar, New Delhi – 110051, India |
|
Tel No : |
91-120-29624 |
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Mobile No.: |
91-9311112551 (Mr. Vinod Kumar Sharma) |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
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|
|
Factory : |
Solar Cottage, Duhai, Delhi Meerut Road, Ghaziabad – 201001, Uttar
Pradesh, India |
|
Tel. No.: |
91-120-3274143 / 2962471 / 2675613 |
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Fax No : |
91-120-2675613 |
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Location : |
Owned |
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|
|
|
Marketing Office : |
4th Floor, 406 Vikasdeep, Laxmi Nagar, District Central
Delhi – 110092, India |
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Tel. No.: |
91-120-2820822 |
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Location : |
Owned |
DIRECTORS
As on : 30.09.2013
|
Name : |
Mr. Vinod Kumar Sharma |
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Designation : |
Director |
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Address : |
18, Ambedkar Marg, Near Laxmi Narain Mandir, Ghaziabad – 201206, Uttar
Pradesh, Inda |
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Date of Birth/Age : |
01.08.1975 |
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Date of Appointment : |
23.01.2001 |
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DIN No : |
00320814 |
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Other Directorship:
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Name : |
Mrs. Pratibha Sharma |
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Designation : |
Director |
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Address : |
18, Ambedkar Marg, Near Laxmi Narain Mandir, Ghaziabad – 201206, Uttar
Pradesh, Inda |
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Date of Birth/Age : |
29.11.1975 |
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Date of Appointment : |
23.01.2001 |
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DIN No : |
02170698 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Vinod Kumar Sharma |
75000 |
|
Pratibha Sharma |
75000 |
|
Total |
150000 |
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 : |
Manufacturer, Exporter, Importer, Trader and Supplier of Vast Range of
Solar Products. |
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|
|
|
Products : |
·
Solar Street Light ·
Home Lighting System ·
Solar Lantern ·
Solar Water Pumps ·
Solar Power Pack ·
Solar Charge Controller ·
Solar Module ·
Solar Inverter ·
Water Heater ·
Solar Education Kit |
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Exports : |
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Products : |
Solar Products |
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Countries : |
· Sri Lanka · Afghanistan |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
Bank of Baroda, Raj Choppla, Modinagar – 201204, Uttar Pradesh, India |
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Facilities : |
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Auditors : |
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Name : |
Shiromani Tyagi and Company Chartered Accountants |
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Address : |
18, Netaji Subhash Marg, Darya Gang, New Delhi -110002, India |
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Tel. No.: |
91-120-23273741 |
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PAN No.: |
AAMFS7666N |
CAPITAL STRUCTURE
As on : 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs. 10 /- each |
Rs. 2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs. 10 /- each |
Rs. 1.500 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1.500 |
0.400 |
|
(b) Reserves & Surplus |
|
26.005 |
16.362 |
|
(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) |
|
27.505 |
16.762 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3.846 |
4.457 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
3.846 |
4.457 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.072 |
1.978 |
|
(b) Trade payables |
|
74.199 |
84.507 |
|
(c) Other current liabilities |
|
49.616 |
33.664 |
|
(d) Short-term provisions |
|
10.650 |
6.150 |
|
Total
Current Liabilities (4) |
|
134.537 |
126.299 |
|
|
|
|
|
|
TOTAL |
|
165.888 |
147.518 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2.682 |
1.391 |
|
(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 |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
2.682 |
1.391 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
2.895 |
3.295 |
|
(c) Trade receivables |
|
144.968 |
132.421 |
|
(d) Cash and cash equivalents |
|
5.020 |
0.273 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
10.323 |
10.138 |
|
Total
Current Assets |
|
163.206 |
146.127 |
|
|
|
|
|
|
TOTAL |
|
165.888 |
147.518 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.000 |
|
|
2] Share Application Money |
|
|
6.506 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
7.506 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2.321 |
|
|
2] Unsecured Loans |
|
|
1.771 |
|
|
TOTAL BORROWING |
|
|
4.092 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11.598 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.369 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2.801
|
|
|
Sundry Debtors |
|
|
79.421
|
|
|
Cash & Bank Balances |
|
|
0.126
|
|
|
Other Current Assets |
|
|
3.472
|
|
|
Loans & Advances |
|
|
0.000
|
|
Total
Current Assets |
|
|
85.820
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
62.960
|
|
|
Other Current Liabilities |
|
|
10.099
|
|
|
Provisions |
|
|
1.532
|
|
Total
Current Liabilities |
|
|
74.591
|
|
|
Net Current Assets |
|
|
11.229
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11.598 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
304.002 |
322.957 |
208.68 |
|
|
Other Income |
0.253 |
0.069 |
0.000 |
|
|
TOTAL
(A) |
304.255 |
323.026 |
208.680 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Direct Expenses - Sales |
249.457 |
265.296 |
0.000 |
|
|
Direct Expenses |
6.580 |
3.889 |
0.000 |
|
|
Cost of Materials |
0.000 |
0.000 |
183.761 |
|
|
Employees benefits expense |
4.529 |
4.488 |
6.669 |
|
|
Selling and Administration |
28.013 |
33.949 |
12.509 |
|
|
TOTAL
(B) |
288.579 |
307.622 |
202.939 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
15.676 |
15.404 |
5.741 |
|
|
|
|
|
|
|
Less |
INTEREST
(D) |
1.038 |
0.784 |
0.707 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.638 |
14.620 |
5.034 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
0.496 |
0.145 |
0.106 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
14.142 |
14.475 |
4.928 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
4.500 |
4.618 |
1.425 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
|
9.642 |
9.857 |
3.503 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
64.280 |
246.420 |
23.35 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
350.000 |
The above information has been parted by Mr. Vinod (Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.16 |
3.05 |
1.68
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.65 |
4.48 |
2.36
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.52 |
9.81 |
5.72
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51 |
0.86 |
0.66
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.14 |
0.38 |
0.54
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.15 |
1.15
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
|
0.400 |
1.500 |
|
Reserves & Surplus |
|
16.362 |
26.005 |
|
Net
worth |
|
16.762 |
27.505 |
|
|
|
|
|
|
Secured Loans |
|
4.457 |
3.846 |
|
Unsecured Loans |
|
1.978 |
0.072 |
|
Total
borrowings |
|
6.435 |
3.918 |
|
Debt/Equity
ratio |
|
0.384 |
0.142 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Revenue from operations |
208.680 |
322.957 |
304.002 |
|
|
|
54.762 |
(5.869) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Revenue from operations |
208.680 |
322.957 |
304.002 |
|
Profit After Tax |
3.503 |
9.857 |
9.642 |
|
|
1.68% |
3.05% |
3.17% |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
No |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10447222 |
05/09/2013 |
30,000,000.00 |
Bank of Baroda |
Raj Choppla,
Modinagar - 201204, Uttar Pradesh, India |
B84122084 |
|
2 |
90048812 |
05/09/2009 * |
1,000,000.00 |
Bank of Baroda |
Raj Choppla,
Modinagar - 201204, Uttar Pradesh, India |
A72044969 |
* Date of charge
modification
UNSECURED LOAN :
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances form related parties |
2.744 |
4.457 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances form related parties |
0.072 |
0.000 |
|
Total |
2.816 |
4.457 |
FIXED ASSETS :
·
Machinery and Equipments
·
Furniture and Fixtures
·
Computer
·
Aqua Filter
·
Car
·
Printer
·
Inverter
·
Scooter
·
Air Conditioner
·
Photocopier
·
Fax Machine
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 58.77 |
|
UK Pound |
1 |
Rs. 99.02 |
|
Euro |
1 |
Rs. 80.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.