MIRA INFORM REPORT
|
Report No. : |
336419 |
|
Report Date : |
14.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
BCS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village Mangarh, P.O. Kohara, Machhiwara Road, Ludhiana –
141112, Punjab |
|
Tel. No.: |
91-161-2848597/ 2848598 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
28.05.2004 |
|
|
|
|
Com. Reg. No.: |
16-032401 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.31.165 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29214PB2004PTC032401 |
|
|
|
|
IEC No.: |
0504030299 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB39909P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Reaper Binder and Fodder Harvester. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
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 250000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated during the year 2004
having a satisfactory track. Profit of the company sharply declined during FY 2014. However, networth
position of the company is satisfactory. Balance sheet of the company is
totally debt free. 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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities :BBB |
|
Rating Explanation |
Moderate degree of safety and carry moderate credit risk. |
|
Date |
15.05.2015 |
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. Suresh Wadhwa |
|
Designation : |
Chief Financial Officer (Accounts Department) |
|
Contact No.: |
91-9872874742 |
|
Date : |
11.08.2015 |
LOCATIONS
|
Registered Office / Factory: |
Village Mangarh, P.O. Kohara, Machhiwara Road, Ludhiana –
141112, Punjab, India |
|
Tel. No.: |
91-161-2848597/ 2848598 |
|
Mobile No.: |
91-9872874742 (Mr. Suresh Wadhwa) |
|
Fax No.: |
91-161-2848598 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
6 Acre |
|
Location : |
Owned [Industrial] |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Fabrizio Castoldi |
|
Designation : |
Director |
|
Address : |
Via Alberto Ga Giussano, 12, 20145, Milano, 20145, Italy |
|
Date of Birth/Age : |
06.07.1944 |
|
Date of Appointment : |
22.06.2004 |
|
DIN No.: |
01154177 |
|
|
|
|
Name : |
Mr. Roberto Pini |
|
Designation : |
Director |
|
Address : |
Via Alberto Ga Giussano, 12, 20145, Milano, 20145, Italy |
|
Date of Birth/Age : |
22.08.1964 |
|
Date of Appointment : |
12.07.2008 |
|
DIN No.: |
02209753 |
|
|
|
|
Name : |
Mr. Arun Kumar Gupta |
|
Designation : |
Whole-time director |
|
Address : |
366, Pakhowal Road, Shahid Bhagat Singh Nagar, Ludhiana - 141001, Punjab, India |
|
Date of Birth/Age : |
13.08.1971 |
|
Date of Appointment : |
30.06.2014 |
|
DIN No.: |
06918315 |
KEY EXECUTIVES
|
Name : |
Suresh Wadhwa |
|
Designation : |
Chief Financial Officer (Accounts Department) |
|
Address : |
171 Jamalpur Colony, Near BCM Presidency School, Ludhiana - 141010, Punjab, India |
|
PAN No.: |
AAQPW0975J |
|
Date of Appointment : |
30.06.2014 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
BCS S.p.A, Italy |
|
3116470 |
|
Malkeeting Singh Babrah and BCS S.p.A, India |
|
1 |
|
Navpreet Singh and BCS S.p.A, India |
|
1 |
|
|
|
|
|
Total |
|
3116472 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Reaper Binder and Fodder Harvester. |
|
|
|
|
Products : |
Reaper Binder and Fodder Harvester |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Cheque |
|
|
|
|
Purchasing : |
Cash and Cheque |
PRODUCTION STATUS (AS ON 31.03.2014)
|
Particulars |
Unit |
Licensed
Capacity * |
Installed
Capacity ** |
Actual
Production *** |
|
Agricultural
Machines |
|
|
|
|
|
Prime Mower |
[Nos.] |
-- |
-- |
896 |
|
Scat, Tyre, engine |
[Nos.] |
-- |
-- |
1040 |
|
Cutter Bar |
[Nos.] |
-- |
-- |
80 |
|
Reaper Binder Kit |
[Nos.] |
-- |
-- |
966 |
|
Gear Box |
[Nos.] |
-- |
-- |
966 |
|
Sprayer Kit |
[Nos.] |
-- |
-- |
04 |
|
Reaper Binder [4 Wheel] |
[Nos.] |
-- |
-- |
47 |
|
Reaper Binder – Tractor Mounted |
[Nos.] |
-- |
-- |
22 |
NOTE:
* Not required to be given, as the same has
been de-regulated for this industry.
** As certified by the management and being a technical
matter relied upon by the auditors.
*** Including capacity consumed.
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
60 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Krishan Sindwani and Company Chartered Accountants |
|
Address : |
Flat No. 8, Harkrishan Building, Bank Road, Civil Lines, Ludhiana – 141001,
Punjab, India |
|
Tel. No.: |
91-161-2440889/ 2442906 |
|
Fax No.: |
91-161-2440889 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AADFK5545M |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
BCS S.p.A., Italy |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 32.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,116,472 |
Equity Shares |
Rs. 10/- each |
Rs. 31.165 Million |
|
|
|
|
|
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 |
31.165 |
31.165 |
31.165 |
|
(b) Reserves & Surplus |
56.534 |
50.251 |
31.333 |
|
(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) |
87.699 |
81.416 |
62.498 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
5.062 |
4.741 |
4.856 |
|
(c)
Other long term liabilities |
5.051 |
4.731 |
3.521 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
10.113 |
9.472 |
8.377 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
335.208 |
224.282 |
225.235 |
|
(c)
Other current liabilities |
18.854 |
17.694 |
15.634 |
|
(d)
Short-term provisions |
2.434 |
6.843 |
2.864 |
|
Total
Current Liabilities (4) |
356.496 |
248.819 |
243.733 |
|
|
|
|
|
|
TOTAL |
454.308 |
339.707 |
314.608 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
53.928 |
50.376 |
51.129 |
|
(ii)
Intangible Assets |
1.760 |
1.126 |
0.478 |
|
(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 |
55.688 |
51.502 |
51.607 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
215.729 |
185.049 |
180.131 |
|
(c)
Trade receivables |
67.802 |
52.255 |
26.334 |
|
(d)
Cash and cash equivalents |
98.339 |
28.870 |
47.453 |
|
(e)
Short-term loans and advances |
9.132 |
12.775 |
8.526 |
|
(f)
Other current assets |
7.618 |
9.256 |
0.557 |
|
Total
Current Assets |
398.620 |
288.205 |
263.001 |
|
|
|
|
|
|
TOTAL |
454.308 |
339.707 |
314.608 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
519.275 |
446.020 |
313.582 |
|
|
|
Other Income |
|
3.024 |
4.090 |
|
|
|
TOTAL |
519.275 |
449.044 |
317.672 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
504.580 |
395.672 |
279.544 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
14.695 |
53.372 |
38.128 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.371 |
5.060 |
2.525 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.324 |
48.312 |
35.603 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.041 |
15.697 |
4.475 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
6.283 |
32.615 |
31.128 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings [FOB Basis] |
12.627 |
6.062 |
6.957 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
178.323 |
97.715 |
115.513 |
|
|
|
Trading Goods |
55.348 |
96.544 |
99.558 |
|
|
TOTAL IMPORTS |
233.671 |
194.259 |
215.071 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.02 |
10.47 |
9.99 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
680.000 |
Expected Sales ( 2015-16 ) : Rs.800.000 Million
The above information has been parted by Mr. Suresh Wadhwa
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA
|
7.31 |
9.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.05 |
14.22 |
11.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.59 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.16 |
1.08 |
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 |
31.165 |
31.165 |
31.165 |
|
Reserves & Surplus |
31.333 |
50.251 |
56.534 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
62.498 |
81.416 |
87.699 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
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) |
|
Total Income |
317.672 |
449.044 |
519.275 |
|
|
|
41.355 |
15.640 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
317.672 |
449.044 |
519.275 |
|
Profit |
31.128 |
32.615 |
6.283 |
|
|
9.80% |
7.26% |
1.21% |
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 |
No |
|
19 |
Major customers |
No |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last four years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
INDEX OF CHARGES
|
.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10547072 |
12/01/2015 |
80,000,000.00 |
PUNJAB NATIONAL BANK |
CHANDIGARH ROAD, LUDHIANA, LUDHIANA, PUNJAB - 141 |
C42455543 |
PERFORMANCE REVIEW
The Company has achieved the revenue of Rs. 519.275 Million against the
revenue of previous year of Rs. 449.044 Million and has earned net profit after
tax of Rs. 6.283 Million against net profit after tax of previous year of Rs.
32.615 Million.
FIXED ASSETS:
· Land
· Factory Building
· Plant and Machinery
· Dies
· Office Equipment
· Furniture and Fixture
· Computers
· Vehicles
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 records 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.64.92 |
|
|
1 |
Rs.101.44 |
|
Euro |
1 |
Rs.72.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--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.