MIRA
INFORM REPORT
|
Report Date : |
12.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANKIT EQUIPMENTS PRIVATE LIMITED |
|
|
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Registered
Office : |
Plot No.113D, Bommasandra Industrial Area, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
26.08.1996 |
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Com. Reg. No.: |
08-021041 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.120 Million |
|
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|
CIN No.: [Company Identification
No.] |
U29150KA1996PTC021041 |
|
|
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|
TIN No.: |
29430097697 |
|
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA06244A |
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PAN No.: [Permanent Account No.] |
AACCA6453G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and exporter
of all types of cranes and hoists. |
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|
No. of Employees
: |
Information declined by the management. |
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 12000 |
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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. External borrowing of the company is huge which act as a threat to liquidity
position 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 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The prospects
of the India’s economy have been seriously compromised due to political
corruption. High inflation, poor standard of living are to a great extent a
result of rampant corruption in the country. China on the other hand, seems to
be facing diametrically opposite challenge. American hedge fund manager Jim
Chanos has been keenly following the political and economic development in the
dragon economy and has figured out something that is quite worrying. He is of
the view that the Chinese economy could be heading toward trouble on account of
new Chinese President Xi Jingping’s very aggressive anti-corruption drive.
Chanos believes tat many things such as apartment sales, luxury products, etc.
were largely bought with dirty money. And it is now beginning to impact
consumption. This may indeed be bad news for an economy that is struggling to
transition from an investment-driven export-oriented economy to a domestic
consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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 DENIED
Management Non-corporation (91-9686199159)
LOCATIONS
|
Registered / Head / Corporate Office / Factory : |
Plot No.113D, Bommasandra Industrial Area, Bangalore – 560099,
Karnataka, India |
|
Tel. No.: |
91-80-27831643/ 26685846/ 27833697 |
|
Mobile No.: |
91-9880050016 (Mr. Sasidharan) |
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Fax No.: |
91-80-26685846 |
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E-Mail : |
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Website : |
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Area : |
45000 sq ft |
|
Location : |
Owned |
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Branch Office : |
Plot No.18 and 19, 42nd Main, 4th Cross, BTM II Stage, Bangalore –
560099, Karnataka, India |
|
Tel. No.: |
91-80-26685846 |
|
Area : |
3800 sq ft |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Hari Raju Madiraju |
|
Designation : |
Director |
|
Address : |
NC-254 Vijaya Enclave, Bilekally Sundaram Shetty Nagar, Bangalore –
560068, Karnataka, India |
|
Date of Birth/Age : |
01.06.1964 |
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Date of Appointment : |
01.09.1998 |
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DIN No.: |
02775904 |
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|
|
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Name : |
Mr. Gopinathan Vellolil |
|
Designation : |
Director |
|
Address : |
14, Jayamma Nivas Road Cross, G B Palya, Nandi Eswara L/O Hongasan, Bangalore
– 560068, Karnataka, India |
|
Date of Birth/Age : |
26.06.1957 |
|
Qualification : |
Bachelor Degree in science from |
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Date of Appointment : |
26.08.1996 |
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DIN No.: |
02775962 |
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|
|
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Name : |
Mr. Sasidharan Gopalakrishnan Chandralayam |
|
Designation : |
Director |
|
Address : |
No.18 19 42nd Main, 4th Cross, BTM Layout,
Second Stage, Bangalore – 560068, Karnataka, India |
|
Date of Birth/Age : |
06.10.1950 |
|
Qualification : |
Degree in Electrical Engineering from Regional Engineering College,
Calicut University, Kerala in 1973 |
|
Date of Appointment : |
26.08.1996 |
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DIN No.: |
02776024 |
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|
|
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Name : |
Mr. Birla Sekaran Kalasamy |
|
Designation : |
Director |
|
Address : |
2/695, NGOS Colony, Bagalur Road, Hosur – 635109, Tamilnadu,
India |
|
Date of Birth/Age : |
09.05.1961 |
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Qualification : |
Degree in Mechanical Engineering from |
|
Date of Appointment : |
26.08.1996 |
|
DIN No.: |
02817829 |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Sasidharan Gopalkrishnan Chandralayam |
20 |
|
Birla Sekaran Kalasamy |
20 |
|
Gopinathan Vellolil |
20 |
|
Kalai Selvi |
20 |
|
Kanchana Gopinathan |
20 |
|
Vasanthi |
20 |
|
Total |
120 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter
of all types of cranes and hoists. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
Not Available |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Jayatheertha and company Chartered Accountants |
|
Address : |
337/1A, 18th Cross, Upper Palace Orchards, Sadashiva Nagar, Bangalore
– 560080, Karnataka, India |
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Tel. No.: |
91-80-23618546 |
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Mobile No.: |
91-9844013878 |
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PAN No.: |
AANPJ4180B |
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E-Mail : |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500 |
Equity Shares |
Rs.1000/- each |
Rs.0.500 Million |
|
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|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120 |
Equity Shares |
Rs.1000/- each |
Rs. 0.120 Million |
|
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|
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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 |
0.120 |
0.120 |
0.120 |
|
(b) Reserves &
Surplus |
3.058 |
2.547 |
2.025 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.060 |
0.060 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
3.238 |
2.727 |
2.145 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
23.173 |
10.736 |
5.897 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
23.173 |
10.736 |
5.897 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
27.632 |
27.937 |
18.280 |
|
(c) Other current
liabilities |
29.883 |
25.137 |
18.183 |
|
(d) Short-term provisions |
0.102 |
0.000 |
0.209 |
|
Total Current Liabilities
(4) |
57.617 |
53.074 |
36.672 |
|
|
|
|
|
|
TOTAL |
84.028 |
66.537 |
44.714 |
|
|
|
|
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|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.886 |
2.862 |
2.926 |
|
(ii) Intangible Assets |
0.000 |
0.298 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
3.886 |
3.160 |
2.926 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
29.308 |
19.488 |
12.172 |
|
(c) Trade receivables |
34.605 |
34.295 |
21.192 |
|
(d) Cash and cash
equivalents |
6.268 |
4.789 |
2.897 |
|
(e) Short-term loans and
advances |
9.961 |
4.805 |
5.527 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
80.142 |
63.377 |
41.788 |
|
|
|
|
|
|
TOTAL |
84.028 |
66.537 |
44.714 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
97.370 |
123.748 |
86.209 |
|
|
Other Income |
0.015 |
0.017 |
0.107 |
|
|
TOTAL (A) |
97.385 |
123.765 |
86.316 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
93.279 |
120.969 |
80.323 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(9.819) |
(7.316) |
(8.648) |
|
|
Employees benefits
expense |
4.722 |
2.968 |
5.647 |
|
|
Other expenses |
4.093 |
4.614 |
6.674 |
|
|
TOTAL (B) |
92.275 |
121.235 |
83.996 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
5.110 |
2.530 |
2.320 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
3.799 |
1.367 |
1.292 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
1.311 |
1.163 |
1.028 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.553 |
0.403 |
0.377 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
0.758 |
0.760 |
0.651 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.248 |
0.238 |
0.209 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
0.510 |
0.522 |
0.442 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
|
|
|
Basic |
4254.64 |
4356.11 |
120 |
|
|
Diluted |
2836.43 |
3439.03 |
120 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
PAT / Total Income |
(%) |
0.52 |
0.42 |
0.51 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.78 |
0.61 |
0.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.90 |
1.14 |
1.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.28 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
7.16 |
3.94 |
2.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.19 |
1.14 |
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 |
0.120 |
0.120 |
0.120 |
|
Reserves & Surplus |
2.025 |
2.547 |
3.058 |
|
Share Application money
pending allotment |
0.000 |
0.060 |
0.060 |
|
Net worth |
2.145 |
2.727 |
3.238 |
|
|
|
|
|
|
long-term borrowings |
5.897 |
10.736 |
23.173 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
5.897 |
10.736 |
23.173 |
|
Debt/Equity ratio |
2.749 |
3.937 |
7.157 |
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) |
|
Sales |
86.209 |
123.748 |
97.370 |
|
|
|
43.544 |
(21.316) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
86.209 |
123.748 |
97.370 |
|
Profit |
0.442 |
0.522 |
0.510 |
|
|
0.51% |
0.42% |
0.52% |
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 |
Yes |
|
5] |
Type of
Business |
Yes |
|
6] |
Line of
Business |
Yes |
|
7] |
Promoter's
background |
Yes |
|
8] |
No. of
employees |
No |
|
9] |
Name of
person contacted |
No |
|
10] |
Designation
of contact person |
No |
|
11] |
Turnover of
firm for last three years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons for
variation <> 20% |
-------------------- |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital in
the business |
Yes |
|
16] |
Details of
sister concerns |
No |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
No |
|
20] |
Export /
Import details (if applicable) |
No |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
---------------------- |
|
23] |
Banking
Details |
No |
|
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 |
BUSINESS REVIEW
During the year the company recorded revenue of Rs. 97.385 Millions. The
company is making all out efforts in achieving higher business revenues for
future and striving to achieve higher growth relying on the efforts of many
years of dedicated developmental activities. During the current year the
company’s order book position has substantially been improved. The company
hopes to double the turnover in the coming year. The products and services
rendered by the company are well received in the market and they have received
good enquires for their products.
VIEW INDEX OF
CHARGES: No Charges Exist for Company
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From related Parties |
0.339 |
0.339 |
|
From Bank |
1.084 |
1.084 |
|
Total |
1.423 |
1.423 |
FIXED ASSETS
·
Land
·
Building
·
Computers and Pheriphrals
·
Furniture and Fittings
·
Plant and Machinery
·
Office Equipments
·
Mobile Phones
·
Vehicle
·
Mobile Crane
·
Mini Tempo force
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 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] 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. 60.91 |
|
|
1 |
Rs. 98.65 |
|
Euro |
1 |
Rs. 78.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
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 |
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.