MIRA
INFORM REPORT
|
Report No. : |
334317 |
|
Report Date : |
01.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
CONQUERENT CONTROL SYSTEMS PRIVATE LIMITED (w.e.f 01.10.2010) |
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|
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Formerly Known As
: |
A
A MODERN PHARMA PRIVATE LIMITED |
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Registered
Office : |
Plot No. 604-605, Sector-8, IMT Manesar, Gurgaon – 122050, Haryana |
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Tel. No.: |
91-124-4148604/05/06 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
13.07.2006 |
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Com. Reg. No.: |
05-036256 |
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Capital
Investment / Paid-up Capital : |
Rs.20.000 Million |
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|
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IEC No.: |
0513020314 |
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|
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CIN No.: [Company Identification
No.] |
U31903HR2006PTC036256 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
RTKA058584 |
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PAN No.: [Permanent Account No.] |
AAFCA8233R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Electronic Control Panel. |
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No. of Employees
: |
125 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 incorporated during the year 2006.
It has a moderate track record. For the financial year 2014, the company has average operational
activity along with above an average profitability margin of 1.28%. The rating is constrain on account of company’s modest financial risk
profile marked by modest by modest net worth position and leveraged capital
structure. However, company has performed well in the current year in
comparison from previous year. Trade relations are reported as fair. Business is active. Payments
terms are slow but correct. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Alam |
|
Designation : |
Finance Manager |
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Contact No.: |
91-8130211881 |
|
Date : |
28.07.2015 |
LOCATIONS
|
Registered Office/Factory : |
Plot No. 604-605, Sector-8, IMT Manesar, Gurgaon – 122050, Haryana,
India |
|
Tel. No.: |
91-124-4148604/05/06 |
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Mobile No.: |
91-8130211881 (Mr. Alam) 91-8130719191 (Mr. L.N Joshi) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
55000 sq. ft. |
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Location : |
Owned |
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Locality: |
Commercial |
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Marketing Office/ Branch Office : |
62, Rani Jhansi Road, New Delhi – 110055, India |
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Area : |
3000 sq. ft. |
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Location : |
Owned |
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Locality : |
Commercial |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Dev Prakash Goel |
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Designation : |
Director |
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Address : |
W-111/3, Lane No. 6 Anupam, Garden, Sainik Farms, New Delhi - 110068, India |
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Date of Birth/Age : |
27.01.1950 |
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Date of Appointment : |
21.09.2009 |
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DIN No.: |
02368993 |
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Other Directorship:
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Name : |
Mr. Bharat Goel |
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Designation : |
Director |
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Address : |
W-111/3 Lane No. 6, Anupam Garden, Ignou Road, Sainik Farms, New Delhi - 110068, India |
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Date of Birth/Age : |
23.09.1977 |
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Date of Appointment : |
21.09.2009 |
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DIN No.: |
02403918 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Alam |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Dev Prakash Goel |
1605000 |
80.25 |
|
Bharat Goel |
175000 |
8.75 |
|
Usha Grover |
220000 |
11.00 |
|
Total |
2000000 |
100.00 |
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electronic Control Panel. |
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Products : |
·
Electronic Control Panel |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Saudi Arabia |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
·
Schneider Electricals |
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Customers : |
·
Jaibharat Maruti Limited ·
A.N.Buildwell Private Limited ·
Ajay Enterprises Private Limited ·
Ansal Buildwell Limited ·
Ansal Township Infrastructures Limited ·
Barque Hotels Private Limited ·
Bemco Contracting Private Limited ·
Blue Star Limited – Delhi ·
Blue Star Limited – Gurgaon ·
Elite Homes Private Limited ·
Fedders Lloyd Corporation Limited ·
Fortune Builders Private Limited ·
Gurusabh Power |
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No. of Employees : |
125 (Approximately) |
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Bankers : |
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Facilities : |
CC Rs. 25.000 Millions (From Standard Chartered Bank)
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Auditors : |
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Name : |
Mangla Kataria and Company Chartered Accountants |
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Address : |
305, Surya Kiran Building 19, Kasturba Gandhi Marg, New Delhi –
110001, India |
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Tel. No.: |
91-11-23731496 |
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Fax No.: |
91-11-23311765 / 66 / 67 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAGFM6480Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates / Subsidiaries : |
·
Madhu Electrical Address: Plot No. 604 -
605, Sector - 8, IMT Manesar, Gurgaon – 122050, Haryana, India Line of
Business: Trading of Electrical Control Panel. ·
Technomarketing |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Million |
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|
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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 |
20.000 |
2.000 |
2.000 |
|
(b) Reserves & Surplus |
0.648 |
-2.308 |
(3.787) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
20.648 |
-0.308 |
(1.787) |
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(3) Non-Current Liabilities |
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|
|
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(a) long-term borrowings |
29.079 |
33.242 |
19.770 |
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(b) Deferred tax liabilities (Net) |
0.119 |
0.125 |
0.000 |
|
(c) Other long term liabilities |
10.182 |
11.906 |
12.569 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
39.380 |
45.273 |
32.339 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
32.323 |
16.445 |
16.846 |
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(b) Trade payables |
60.611 |
63.377 |
4.068 |
|
(c) Other current
liabilities |
11.097 |
10.148 |
0.000 |
|
(d) Short-term provisions |
0.579 |
0.349 |
0.000 |
|
Total Current Liabilities (4) |
104.610 |
90.319 |
20.914 |
|
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|
|
|
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TOTAL |
164.638 |
135.284 |
51.466 |
|
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|
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II.
ASSETS |
|
|
|
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(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
33.998 |
36.770 |
36.052 |
|
(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 |
0.386 |
|
(d) Long-term Loan and Advances |
0.863 |
0.261 |
0.116 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
34.861 |
37.031 |
36.554 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
11.987 |
|
(b) Inventories |
53.242 |
40.765 |
1.320 |
|
(c) Trade receivables |
70.898 |
41.212 |
0.261 |
|
(d) Cash and cash
equivalents |
0.586 |
0.194 |
0.051 |
|
(e) Short-term loans and
advances |
0.288 |
11.340 |
1.293 |
|
(f) Other current assets |
4.763 |
4.742 |
0.000 |
|
Total Current Assets |
129.777 |
98.253 |
14.912 |
|
|
|
|
|
|
TOTAL |
164.638 |
135.284 |
51.466 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
214.326 |
117.737 |
14.085 |
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
TOTAL
|
214.326 |
117.737 |
14.085 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
180.417 |
101.170 |
14.223 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits expense |
6.840 |
3.532 |
0.542 |
|
|
Other expenses |
18.472 |
8.774 |
1.072 |
|
|
Decrease/ Increase on Finished
Goods |
(1.866) |
(3.461) |
(2.214) |
|
|
TOTAL
|
203.863 |
110.015 |
13.623 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
10.463 |
7.722 |
0.462 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.175 |
1.857 |
1.005 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.288 |
5.865 |
(0.543) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
3.386 |
3.527 |
3.101 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
2.902 |
2.338 |
(3.644) |
|
|
|
|
|
|
|
Less |
TAX |
(0.054) |
0.859 |
(0.385) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2.956 |
1.479 |
(3.259) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(2.308) |
(3.787) |
(0.528) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
0.648 |
(2.308) |
(3.787) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
6.96 |
7.39 |
(16.29) |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
205.000 |
|
|
|
|
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.106 |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.38 |
1.26 |
(23.14) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.88 |
6.56 |
3.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.76 |
1.73 |
(7.13) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
(7.59) |
2.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.98 |
(161.32) |
(20.49) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.09 |
0.71 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
2.000 |
2.000 |
20.000 |
|
Reserves & Surplus |
(3.787) |
(2.308) |
0.648 |
|
Net
worth |
(1.787) |
(0.308) |
20.648 |
|
long-term borrowings |
19.770 |
33.242 |
29.079 |
|
Short term borrowings |
16.846 |
16.445 |
32.323 |
|
Total
borrowings |
36.616 |
49.687 |
61.508 |
|
Debt/Equity
ratio |
(20.490) |
(161.321) |
2.979 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
14.085 |
117.737 |
214.326 |
|
|
|
735.903 |
82.038 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
14.085 |
117.737 |
214.326 |
|
Profit |
(3.259) |
1.479 |
2.956 |
|
|
(23.14%) |
1.26% |
1.38% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
NOTE: The registered address of the company has been shifted from No. 2, Housing Board Colony, Jharsa Road, Gurgaon – 122001, Haryana, India to the present address w.e.f. 10.11.2010
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
||||
|
LONG-TERM
BORROWINGS |
|
|
||||
|
Loans from Shareholders, Directors and related Parties |
26.793 |
30.348 |
||||
|
Loans from body Corporate |
2.286 |
2.894 |
||||
|
|
|
|
||||
|
Total |
29.079 |
33.242 |
||||
|
NOTE: LOANS FROM RELATED
PARTIES These loans include loans from shareholdrs, directors and their relatives.The loans from directors are interest free and loans from other related parties are interest bearing @12% p.a. In the opinion of the management, these loans are repayable as and when company generates surplus cash but not within a period less than 12 months. Loans from Body
Corporate These loans
includes loans from companies .Details of which are as follows:
These loans are repayable as and when company generates surplus cash but not within a period less than 12 months. |
||||||
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10382995 |
12/03/2014 * |
65,660,000.00 |
STANDARD CHARTERED BANK |
STANDARD CHARTERED BANK,
10, PARLIAMENT STREET, NEW DELHI,- 110001, INDIA |
C03419744 |
|
2 |
10379217 |
10/01/2014 * |
22,830,000.00 |
STANDARD CHARTERED BANK |
STANDARD CHARTERED BANK, 10,
PARLIAMENT STREET, NEW DELHI,- 110001, INDIA |
C03416823 |
|
3 |
10379212 |
24/01/2014 * |
42,830,000.00 |
STANDARD CHARTERED BANK |
STANDARD CHARTERED BANK,
10, PARLIAMENT STREET, NEW DELHI,- 110001, INDIA |
C03421203 |
FIXED ASSETS
· Land
· Building (Factory)
· Furniture and Fixtures
· Plant and Machinery
· Computer
· Office Equipment’s
· Car
· Cellular Phone
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.64.00 |
|
|
1 |
Rs.99.83 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.