MIRA
INFORM REPORT
|
Report Date : |
15.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
COMP-TECH EQUIPMENTS LIMITED |
|
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Registered
Office : |
6, Ketan Industrial Estate, B/H Vijay Mills, Anil Starch
Road, Ahmedabad – 382345, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
26.12.2005 |
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Com. Reg. No.: |
04-047360 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
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CIN No.: [Company Identification
No.] |
U31909GJ2005PLC047360 |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of air and gas compressors and provides total compressed air solution for various industries. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 20000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating reflects moderate financial risk profile marked by thin
profit margin, modest networth and huge borrowings
recorded by the company during 2013. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
NEWS
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.
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 BY
|
Name : |
Mr. Nitesh |
|
Designation : |
Office Executive |
|
Tel. No.: |
91-79-22201296 |
|
Date : |
05.09.2014 |
LOCATIONS
|
Registered Office / Factory: |
6, Ketan Industrial Estate, B/H Vijay Mills, Anil Starch
Road, Ahmedabad – 382345, Gujarat, India |
|
Tel. No.: |
91-79-22201261/ 22201296/ 22203202/
55253603 |
|
Mobile No.: |
91-9824209715 (Madhusudan Vaidya) |
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Fax No.: |
91-79-22203009 |
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E-Mail : |
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Website : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Vinodsingh Narainsingh
Rathore |
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Designation : |
Director |
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|
Address : |
92, Vikram Park, N-H 8, Opposite Bajrang Ashram N-H 8, Thakkar Bapanagar, Ahmedabad – 382350,
Gujarat, India |
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|
Date of Appointment : |
26.12.2005 |
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DIN No.: |
02256673 |
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Other
Directorship:
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|||||||||||||||||||||||||||
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Name : |
Mr. Surendrasingh Naransing
Rathore |
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Designation : |
Director |
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|
Address : |
Plot – 92, Vikram Park, Opposite Bajrang Ashram N-H 8, Thakkar Bapanagar, Ahmedabad – 382350,
Gujarat, India |
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|
Date of Appointment : |
26.12.2005 |
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DIN No.: |
02568051 |
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Other
Directorship:
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|||||||||||||||||||||||||||
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Name : |
Pushpakanwar Vinodsingh Rathore |
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Designation : |
Director |
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|
Address : |
92, Vikram Park, Opposite Bajrang Ashram N-H 8, Thakkar Bapanagar, Ahmedabad – 382350,
Gujarat, India |
|||||||||||||||||||||||||||
|
Date of Appointment : |
26.12.2005 |
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|
DIN No.: |
02617671 |
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KEY EXECUTIVE
|
Name : |
Mr. Nitesh |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vinodsingh Narainsingh Rathore |
|
20000 |
|
Surendrasingh Naransing Rathore |
|
5000 |
|
Pushpakanwar Vinodsingh Rathore |
|
5000 |
|
Govindkunwar Surendrasingh Rathore |
|
15000 |
|
Babusingh Bhagwatsingh Rajput |
|
2500 |
|
Kanish Vishansingh
Gaur |
|
2500 |
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|
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Total |
|
50000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of air and gas compressors and provides total compressed air solution for various industries. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
·
Development Credit Bank Limited, 301, Delta
Plaza, 414, Veer Savarkar Marg,
Prabhadevi, Mumbai - 400025, Maharashtra,
India ·
Bank of Baroda ·
ICICI Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Piyush J Shah and Company Chartered Accountants |
|
Address : |
504-B, Shikhar Building, Near Vadilal House, Mithakali Cross
Roads, Navrangpura, Ahmedabad
– 380009, Gujarat, India |
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Tel. No.: |
91-79-28400333/ 26403330 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AANFP9676J |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
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|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
|
|
|
|
|
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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
2.855 |
2.183 |
1.523 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
1.500 |
1.500 |
1.500 |
|
Total
Shareholders’ Funds (1) + (2) |
4.855 |
4.183 |
3.523 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14.819 |
13.409 |
9.898 |
|
(b) Deferred tax liabilities
(Net) |
0.101 |
0.069 |
0.022 |
|
(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) |
14.920 |
13.478 |
9.920 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
17.578 |
21.083 |
8.752 |
|
(c) Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
0.326 |
0.318 |
0.693 |
|
Total
Current Liabilities (4) |
17.904 |
21.401 |
9.445 |
|
|
|
|
|
|
TOTAL |
37.679 |
39.062 |
22.888 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1.074 |
1.087 |
0.666 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
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 |
1.074 |
1.087 |
0.666 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
19.386 |
21.830 |
11.933 |
|
(c) Trade receivables |
13.837 |
13.057 |
4.669 |
|
(d) Cash and cash equivalents |
0.101 |
0.210 |
1.327 |
|
(e) Short-term loans and
advances |
3.281 |
2.878 |
4.293 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
36.605 |
37.975 |
22.222 |
|
|
|
|
|
|
TOTAL |
37.679 |
39.062 |
22.888 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
63.309 |
63.865 |
35.166 |
|
|
|
Other Income |
0.456 |
0.959 |
0.105 |
|
|
|
TOTAL (A) |
63.765 |
64.824 |
35.271 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
57.857 |
60.041 |
30.821 |
|
|
|
Employee benefit expenses |
0.622 |
0.555 |
0.379 |
|
|
|
Other Expenses |
3.000 |
2.033 |
2.782 |
|
|
|
TOTAL (B) |
61.479 |
62.629 |
33.982 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.286 |
2.195 |
1.289 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.218 |
1.170 |
0.530 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.068 |
1.025 |
0.759 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.088 |
0.058 |
0.036 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.980 |
0.967 |
0.723 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.308 |
0.308 |
0.258 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.672 |
0.659 |
0.465 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
2.182 |
1.523 |
1.058 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.854 |
2.182 |
1.523 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
14.138 |
5.230 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.43 |
13.19 |
9.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.05 |
1.02 |
1.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.55 |
1.51 |
2.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.60 |
2.48 |
3.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.23 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.05 |
3.21 |
2.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.04 |
1.77 |
2.35 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
1.523 |
2.183 |
2.855 |
|
Share Application money
pending allotment |
1.500 |
1.500 |
1.500 |
|
Net
worth |
3.523 |
4.183 |
4.855 |
|
|
|
|
|
|
long-term borrowings |
9.898 |
13.409 |
14.819 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
9.898 |
13.409 |
14.819 |
|
Debt/Equity
ratio |
2.810 |
3.206 |
3.052 |
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) |
|
Revenue from operations |
35.166 |
63.865 |
63.309 |
|
|
|
81.610 |
(0.871) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from operations |
35.166 |
63.865 |
63.309 |
|
Profit/(Loss) After Tax |
0.465 |
0.659 |
0.672 |
|
|
1.32% |
1.03% |
1.06% |
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 |
No |
|
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 |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10272400 |
10/10/2011 * |
11,100,000.00 |
DEVELOPMENT CREDIT
BANK LIMITED |
301, DELTA
PLAZA, 414, VEER SAVARKAR MARG, PRABHA DEVI, MUMBAI, MAHARASHTRA -
400025, INDIA |
B24065427 |
* Date of charge modification
UNSECURED LOANS
|
Particulars |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In Millions) |
|
Long Term
Borrowings |
|
|
|
Rathore Compressor and Spares |
2.927 |
1.898 |
|
Vinodsingh N. Rathore |
0.260 |
0.000 |
|
Bhagwan Singhji |
0.045 |
0.045 |
|
Bhawar Singh |
0.015 |
0.015 |
|
Dilipsingh R Shekhawat |
0.015 |
0.015 |
|
Dushyantsingh V. Rathore |
0.503 |
0.000 |
|
Govind Kanwar |
0.021 |
0.021 |
|
Jai Singh Shekhawat |
0.015 |
0.015 |
|
Prabhu Singh Shekhawat |
0.103 |
0.092 |
|
Prithvisingh |
0.007 |
0.007 |
|
Pushpa Kenvrar V. Rathore |
0.005 |
0.005 |
|
Ram Singhji |
0.015 |
0.015 |
|
Rathore Procon Private Limited |
0.087 |
0.087 |
|
Santosh Kanwar |
0.003 |
0.004 |
|
Sarup Singji |
0.003 |
0.004 |
|
Shaktsingh R. Rathore |
0.021 |
0.021 |
|
Sushil Sjrighji |
0.007 |
0.007 |
|
Surendrasing N Rathore [HUF] |
0.855 |
0.250 |
|
Vinodsingh N. Rathore (HUF) |
1.409 |
0.308 |
|
Utkarsh Njyogi Patel |
0.000 |
0.100 |
|
Vishan Singhji |
0.134 |
0.119 |
|
Total |
6.450 |
3.028 |
OPERATION
The Company has achieved Sales of Rs.63.308 Millions as compared to previous year’s figure of Rs.63.865 Millions. The Company expects to perform better during the current year looking to the business on hand
FIXED ASSETS:
·
Computer
·
Electrical Installation
·
Factory Building
·
Air Conditioner
·
Cycle
·
Mobile
·
Office Furniture
·
CC Camera
·
Machinery Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a
proceedings for violating money-laundering, anti-corruption or bribery or
international economic or anti-terrorism sanction laws or whose assets were
seized, blocked, frozen or ordered forfeited for violation of money laundering
or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.84 |
|
|
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.