MIRA
INFORM REPORT
|
Report Date : |
29.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
WILSON ENGINEERING INDUSTRIES PRIVATE LIMITED |
|
|
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Registered
Office : |
Anuj Chambers, 7th Floor, Block – 7B, 24, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
13.01.1981 |
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Com. Reg. No.: |
21-099164 |
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Capital
Investment / Paid-up Capital : |
Rs.46.971 Millions |
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|
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CIN No.: [Company Identification
No.] |
U74210WB1981PTC099164 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Road Construction Equipment and Spares |
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No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 433000 |
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|
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Exist |
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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 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would take
a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB- |
|
Rating Explanation |
Moderate degree of safety and high credit risk |
|
Date |
15.02.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
15.02.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Vishal |
|
Designation : |
General Manager |
|
Contact No.: |
91-9831187079 |
|
Date : |
28.10.2014 |
LOCATIONS
|
Registered Office : |
Anuj Chambers, 7th Floor, Block – 7B, 24, Park Street,
Kolkata – 700016, West Bengal, India |
|
Tel. No.: |
91-33-22262960 / 22262961 |
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Mobile No.: |
91-9831187079 (Mr. Vishal) |
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Fax No.: |
91-33-22264045 |
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E-Mail : |
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Website : |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Shyam Sunder Sahay |
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|
Designation : |
Managing Director |
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Address : |
15A, Ankur Apartment, 10, Lord Sinha Road, Kolkata-700071, West
Bengal, India |
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Date of Birth/Age : |
20.07.1937 |
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Date of Appointment : |
20.07.2004 |
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Voters ID No.: |
WB/23/146/093670 |
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DIN No.: |
00490903 |
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Name : |
Mr. Vikas Sahay |
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Designation : |
Director |
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|
Address : |
15A, Ankur Apartment, 10, Lord Sinha Road, Kolkata-700071, West
Bengal, India |
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Date of Birth/Age : |
20.03.1971 |
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Date of Appointment : |
20.07.2004 |
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Voters ID No.: |
AJAP54967P |
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DIN No.: |
00490974 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Vishal |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Shyam Sunder Sahay |
108867 |
23.18 |
|
Sulekha Sahay |
27740 |
5.91 |
|
Olayad Surendran |
521 |
0.11 |
|
Vishal Sahay |
56563 |
12.04 |
|
Vikas Sahay |
53600 |
11.41 |
|
Shyam Sunder Sahay |
74420 |
15.84 |
|
Camino Trade and Investment Private Limited, India |
118000 |
25.12 |
|
Raj Vanijya Private Limited, India |
30000 |
6.39 |
|
Total |
469711 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
31.51 |
|
Directors or relatives of Directors |
68.38 |
|
Other top fifty shareholders |
0.11 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Road
Construction Equipment and Spares |
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|
|
|
Products : |
·
Asphalt Hot Mix Plant ·
Wet Mix Macadam Plant ·
Wilson Hot Mix_Wmm – Dual Plant ·
Bitumen Sprayer ·
Road Roller ·
Hot Mix Plant |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Bangladesh ·
Nigeria |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Korea |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
·
UCO Bank, Kolkata Main Branch, 10, B.T.M. Sarani
(Brabourne Road), Kolkata-700001, West Bengal, India ·
Allahabad Bank, Park Street Branch, 57, Park
Street, Kolkata – 700016, West Bengal, India ·
Kotak Mahindra Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Gora and Company Chartered Accountants |
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Address : |
8/2, Kiran Shankar Roy Road, 2nd Floor, Room No. 2 and 3,
Kolkata – 700001, West Bengal, India |
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Tel. No.: |
91-33-24925053 |
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E-Mail : |
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PAN No.: |
AHOPM1687J |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
469711 |
Equity Shares |
Rs.100/- each |
Rs.46.971
Millions |
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|
|
|
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 |
46.971 |
46.971 |
27.471 |
|
(b) Reserves & Surplus |
61.375 |
57.800 |
54.894 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
19.500 |
|
Total
Shareholders’ Funds (1) + (2) |
108.346 |
104.771 |
101.865 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
151.578 |
103.466 |
113.087 |
|
(b) Deferred tax liabilities (Net) |
1.318 |
1.433 |
0.756 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
3.619 |
4.879 |
3.755 |
|
Total Non-current Liabilities (3) |
156.515 |
109.778 |
117.598 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.172 |
7.153 |
6.091 |
|
(b) Trade payables |
132.342 |
172.322 |
109.578 |
|
(c) Other current
liabilities |
3.813 |
4.610 |
2.414 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
141.327 |
184.085 |
118.083 |
|
|
|
|
|
|
TOTAL |
406.188 |
398.634 |
337.546 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
82.684 |
92.116 |
100.224 |
|
(ii) Intangible Assets |
0.120 |
0.120 |
0.120 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.781 |
5.558 |
5.756 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
17.420 |
25.247 |
24.921 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
105.005 |
123.041 |
131.021 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
169.899 |
128.876 |
102.225 |
|
(c) Trade receivables |
77.865 |
117.592 |
87.183 |
|
(d) Cash and cash
equivalents |
12.808 |
13.022 |
3.405 |
|
(e) Short-term loans and
advances |
2.486 |
13.627 |
10.410 |
|
(f) Other current assets |
38.125 |
2.476 |
3.302 |
|
Total Current Assets |
301.183 |
275.593 |
206.525 |
|
|
|
|
|
|
TOTAL |
406.188 |
398.634 |
337.546 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
573.409 |
468.788 |
446.417 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
540.018 |
438.423 |
420.334 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
33.391 |
30.365 |
26.083 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
18.359 |
15.329 |
11.479 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
15.032 |
15.036 |
14.604 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
9.106 |
10.329 |
10.859 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
5.926 |
4.707 |
3.745 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.406 |
1.802 |
0.972 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
4.520 |
2.905 |
2.773 |
|
|
|
|
|
|
|
|
|
Less |
Earlier year taxes written off |
0.945 |
0.000 |
0.705 |
|
|
|
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
27.001 |
24.096 |
22.028 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
30.576 |
27.001 |
24.096 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
17.692 |
14.396 |
8.626 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
257.133 |
58.623 |
56.292 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.62 |
7.63 |
10.09 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.79 |
0.62 |
0.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.48 |
1.20 |
1.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.04 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.45 |
1.06 |
1.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.13 |
1.50 |
1.75 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
27.471 |
46.971 |
46.971 |
|
Reserves & Surplus |
54.894 |
57.800 |
61.375 |
|
Share Application money
pending allotment |
19.500 |
0.000 |
0.000 |
|
Net
worth |
101.865 |
104.771 |
108.346 |
|
|
|
|
|
|
long-term borrowings |
113.087 |
103.466 |
151.578 |
|
Short term borrowings |
6.091 |
7.153 |
5.172 |
|
Total
borrowings |
119.178 |
110.619 |
156.750 |
|
Debt/Equity
ratio |
1.170 |
1.056 |
1.447 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
446.417 |
468.788 |
573.409 |
|
|
|
5.011 |
22.317 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
446.417 |
468.788 |
573.409 |
|
Profit |
2.773 |
2.905 |
4.520 |
|
|
0.62% |
0.62% |
0.79% |
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 |
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 |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
LITIGATION DETAILS
|
Case Status
: Pending Status of
TEMP APO (APOT) 352 of 2011 BEML
LIMITED Vs. WILSON ENGINEERING
INDUSTRIES PRIVATE LIMITED Pet's Adv.
: FOX & MANDAL
Res's
Adv. : Court No.
: 17
Last Listed On : Tuesday, August 09, 2011
Category :
MONEY CLAIMS/COMPENSATION/DAMAGES/MESNE PROFITS
Case Updated on: Tuesday, August 09,
2011 |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
From Bodies Corporate |
18.077 |
18.318 |
|
From directors
and their relatives |
1.294 |
0.000 |
|
Short Term Borrowings |
|
|
|
Advance from Customers |
5.172 |
7.153 |
|
Total |
24.543 |
25.471 |
OPERATIONAL RESULTS:
The total turnover
of the Company for the year, achieved an increase by Rs.104.621 Millions over the last year in spite of slowdown of
industrial growth rate, mounting of inflationary pressure, and effect of
breakdown of European economy etc. The Profit before tax has increased to Rs.1.219 Millions during the year due to
up gradation of technology and reduction in cost. Net worth of the Company has
been increased to Rs.106.695 Millions
as compared to last year of Rs.102.294
Millions. Percentage of Gross Profit is 16.88 for the current year as compared to last year of 19.54%. The company has achieved a net
profit of 1.04% of turnover as
compared to last year of 1.00%. The
company has participated to different seminar and exhibition to develop new product
and for diversification and expansion of business
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10048669 |
25/06/2014 * |
245,000,000.00 |
ALLAHABAD BANK |
PARK STREET BRANCH, 57, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
C07932635 |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 judgment 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.61.35 |
|
|
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.77.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JAY |
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 |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.