MIRA INFORM REPORT
|
Report No. : |
315113 |
|
Report Date : |
01.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
AQUARIUS ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Aquarius House Plot No 65, S No 297, Sheelavihar Colony, Erandwana,
Pune – 411038, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
12.08.1997 |
|
|
|
|
Com. Reg. No.: |
11-110008 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 24.150 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29244PN1997PTC110008 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA02409B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA2748L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Exporter and Supplier of Concrete Pump. |
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|
|
|
No. of Employees
: |
Information declined by the management. |
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 400000 |
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|
|
Status : |
Satisfactory |
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|
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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 is good. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
|
Date |
March 27, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety. It carry higher credit risk. |
|
Date |
March 27, 2014 |
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. Susit Pathk |
|
Designation : |
Assistant Manager Accounts |
|
Contact No.: |
91-20-25445227 |
|
Date : |
31.03.2015 |
LOCATIONS
|
Registered/ Head Office : |
Aquarius House, Plot No. 65, S No. 297,
Sheelavihar Colony, Off Karve Road, Erandavana, Pune – 411038, Maharashtra,
India |
|
Tel. No.: |
91-20-25445227 |
|
Mobile No.: |
91-9960366000 (Mr. Nitin Vaidya) |
|
Fax No.: |
91-20-25445228 |
|
E-Mail : |
|
|
Website : |
http://www.aquariusconsult.biz http://www.aquriusengineers.biz
|
|
Area : |
3500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
190, 191 Kundaim Industrial Estate, Kundaim, Goa - 403115,
India |
|
Tel. No.: |
91-832-2396334 / 2395974 |
|
Fax No.: |
91-832-2396253 |
|
|
|
|
Factory 2 : |
Survey No. 480, 481, 482 Ambadvet, Taluka, Mulshi,
District Pune - 412115, Maharashtra, India |
|
Tel. No.: |
91-20-32348053 / 25171636 |
|
Fax No.: |
91-20-32348054 / 25171635 |
|
|
|
|
Warehouse : |
S No.532/1, At-Bhugaon Taluka-Mulshi, District Pune - 412115,
Maharashtra, India |
|
E-Mail : |
|
|
|
|
|
Regional Offices : |
Located
at :
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Milind S. Bhadbhade |
|
Designation : |
Managing Director |
|
Address : |
7, Anand Baugh Society, Navi Peth, Pune – 411030, Maharashtra, India |
|
Date of Birth/Age : |
27.01.1955 |
|
Date of Appointment : |
15.09.2004 |
|
DIN No.: |
00254933 |
|
|
|
|
Name : |
Mr. Ashok V. Dikshit |
|
Designation : |
Director |
|
Address : |
12 Shamali Society, Prabhat Road, Pune – 411004, Maharashtra, India |
|
Date of Birth/Age : |
13.01.1953 |
|
Date of Appointment : |
16.08.1997 |
|
DIN No.: |
00254967 |
KEY EXECUTIVES
|
Name : |
Mr. Susit Pathk |
|
Designation : |
Assistant Manager Accounts |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Equity Shareholders |
No. of Shares |
|
Milind Bhadbhade |
1350000 |
|
Nita M. Bhadbhade |
150000 |
|
Ashok Dikshit |
15000 |
|
|
|
|
TOTAL
|
1515000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Relevant Infratech India Private Limited |
400000 |
|
Sulochana Phadke and Bhagyashree Deval |
100000 |
|
Subhash Phadke and Usha Phadke |
95000 |
|
Sulochana Phadke and Subhash Phadke |
50000 |
|
Ameya Food Chem Plast Sysytems Private Limited |
250000 |
|
Usha Subhash Phadke and Subhash Shivram Phadke |
5000 |
|
TOTAL
|
900000 |
AS ON 30.09.2014
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, Exporter and Supplier of Concrete Pump. |
|
|
|
|
Products : |
Not Available |
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|
|
|
Brand Names : |
Not Available |
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|
Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
MZSK and Associates Chartered Accountant |
|
Address : |
Business Bay, Level 3, Plot No. 84, Wellesley Road, Near RTO, (Sangam
Bridge), Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-40186999 |
|
Fax No.: |
91-20-40186922 |
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E-Mail : |
|
|
Website : |
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|
PAN No.: |
AACFK3470E |
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|
|
|
Memberships : |
Not Available |
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|
Collaborators : |
Not Available |
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|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,950,000 |
Equity Shares |
Rs. 10/- each |
Rs. 19.500 Millions |
|
3,050,000 |
Preference Shares |
Rs. 10/- each |
Rs. 30.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,515,000 |
Equity Shares |
Rs. 10/-
each |
Rs. 15.150
Millions |
|
900,000 |
Preference Shares |
Rs. 10/-
each |
Rs. 9.000
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 24.150 Millions |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,950,000 |
Equity Shares |
Rs. 10/- each |
Rs. 19.500 Millions |
|
3,050,000 |
Preference Shares |
Rs. 10/- each |
Rs. 30.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,515,000 |
Equity Shares |
Rs. 10/-
each |
Rs. 15.150
Millions |
|
8,85,000 |
Preference Shares |
Rs. 10/-
each |
Rs. 8.850
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 24.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
24.000 |
21.502 |
15.152 |
|
(b) Reserves & Surplus |
119.740 |
110.068 |
103.974 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
143.740 |
131.570 |
119.126 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
41.631 |
44.097 |
23.734 |
|
(b) Deferred tax liabilities (Net) |
4.614 |
3.454 |
2.104 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.501 |
2.112 |
2.828 |
|
Total Non-current
Liabilities (3) |
47.746 |
49.663 |
28.666 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
65.895 |
89.454 |
74.947 |
|
(b) Trade
payables |
74.538 |
98.287 |
93.378 |
|
(c) Other current
liabilities |
36.166 |
40.969 |
31.961 |
|
(d) Short-term
provisions |
0.613 |
1.293 |
1.609 |
|
Total Current
Liabilities (4) |
177.212 |
230.003 |
201.895 |
|
|
|
|
|
|
TOTAL |
368.698 |
411.236 |
349.687 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
95.687 |
92.184 |
85.743 |
|
(ii)
Intangible Assets |
1.370 |
1.370 |
1.034 |
|
(iii)
Capital work-in-progress |
0.600 |
0.978 |
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 |
2.886 |
3.725 |
3.387 |
|
(e) Other Non-current
assets |
7.893 |
7.773 |
6.261 |
|
Total Non-Current
Assets |
108.436 |
106.030 |
96.425 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.031 |
10.073 |
5.000 |
|
(b)
Inventories |
133.002 |
146.860 |
123.493 |
|
(c) Trade
receivables |
102.166 |
88.389 |
91.107 |
|
(d) Cash
and cash equivalents |
4.892 |
38.767 |
16.398 |
|
(e)
Short-term loans and advances |
20.171 |
21.117 |
17.264 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
260.262 |
305.206 |
253.262 |
|
|
|
|
|
|
TOTAL |
368.698 |
411.236 |
349.687 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL INCOME |
494.158 |
553.958 |
619.516 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
469.930 |
537.651 |
579.318 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
24.228 |
16.307 |
40.198 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.271 |
6.717 |
5.837 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
16.957 |
9.590 |
34.361 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.097 |
3.422 |
11.277 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
10.860 |
6.168 |
23.084 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
24.943 |
20.100 |
NA |
|
|
TOTAL IMPORTS |
24.943 |
20.100 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.50 |
2.55 |
9.56 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.61 |
2.34 |
9.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.07 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.75 |
1.02 |
0.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47 |
1.33 |
1.25 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
15.152 |
21.502 |
24.000 |
|
Reserves & Surplus |
103.974 |
110.068 |
119.740 |
|
Net
worth |
119.126 |
131.570 |
143.740 |
|
|
|
|
|
|
long-term borrowings |
23.734 |
44.097 |
41.631 |
|
Short term borrowings |
74.947 |
89.454 |
65.895 |
|
Total
borrowings |
98.681 |
133.551 |
107.526 |
|
Debt/Equity
ratio |
0.828 |
1.015 |
0.748 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
619.516 |
553.958 |
494.158 |
|
|
|
(10.582) |
(10.795) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
619.516 |
553.958 |
494.158 |
|
Profit |
23.084 |
6.168 |
10.860 |
|
|
3.73% |
1.11% |
2.20% |
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 |
Yes |
|
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 |
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 |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10476025 |
28/12/2013 |
145,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B95662391 |
|
2 |
10401177 |
30/01/2013 |
10,100,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK
1ST FLOOR, Dhirubhai Ambani Knowledge C |
B67309781 |
|
3 |
10401186 |
30/01/2013 |
18,900,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK
1ST FLOOR, Dhirubhai Ambani Knowledge C |
B67310979 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Term loan from financial institution |
16.102 |
18.184 |
|
Form Shareholders |
12.940 |
11.850 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans from shareholders |
2.325 |
3.528 |
|
Loans from relative of directors |
1.685 |
0.468 |
|
Total |
33.052 |
34.030 |
FIXED ASSETS
- Land
- Buildings
- Plant and
Machinery
- Motor
Vehicles
- Office
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. 62.59 |
|
|
1 |
Rs. 92.46 |
|
Euro |
1 |
Rs. 67.51 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
|
--PROFITABILITY |
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 |
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 |
|
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.