MIRA INFORM REPORT
|
Report No. : |
351848 |
|
Report Date : |
04.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN HYDRAULICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G T Road, Suranussi, Jalandhar – 144027, Punjab |
|
Tel. No.: |
91-181-2670054 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
28.03.1970 |
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|
|
|
Com. Reg. No.: |
16-002918 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.2.614 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24111PB1970PTC002918 |
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|
|
|
IEC No.: |
1288041349 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAACH5841B |
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|
Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturing, Exporter and Importer of CNC Hydraulic Press Brakes and NC/CNC Hydraulics Shearing Machines. [Confirmed by management] |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 1970 and it is engaged in the
manufacturing, exporting and importing of hydraulic presses and shearing machines
and has its manufacturing plant in Jalandhar, Punjab. For the financial year ended 2015, company revenue has been declined
by 10% over previous year revenue and here is a sharp dip of 87.38% in net
profit of the company during the year under review. Rating takes into consideration company’s stagnant operating scale
impacted by intense competition and slowdown in order inflows, disputed
receivables, extension of repayments, and the company’s restricted pricing power
due to the highly competitive and fragmented nature of the industry it
operates in. Moreover, the profitability is susceptible to volatility in prices of
raw material due to fixed price nature of contracts it has with its
customers. Rating weakness is partially offset by long and established track
record of promoters in manufacturing hydraulic machines and above average
debt coverage indicators. Trade relations are reported as fair. Payments are reported to be slow
but correct. In view of aforesaid, the company can be considered for business
dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
ICRA |
|
Rating |
Cash Credit Facilities (LT Scale) = BB- |
|
Rating Explanation |
Inadequate-credit-quality and high credit risk. |
|
Date |
January, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Letter of Credit (ST Scale) = A4 |
|
Rating Explanation |
Minimal Degree of safety and very high credit risk. |
|
Date |
January, 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. V.K. Mennidratta |
|
Designation : |
Finance Controller |
|
Contact No.: |
91-181-2670054 |
|
Date : |
01.12.2015 |
LOCATIONS
|
Registered Office / Factory: |
G T Road, Suranussi, Jalandhar – 144027, Punjab, India |
|
Tel. No.: |
91-181-2670054/55/56 |
|
Fax No.: |
91-181-2670053 |
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E-Mail : |
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|
|
|
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Corporate Office (West) : |
D-152, Amargyan Industrial Estate,
Opposite S.T. Workshop, Khopat, Thane (West) - 400 601, Maharashtra, India |
|
Tel. No.: |
91-22-25478817, 25478821 |
|
|
|
|
Sales: |
No.10,
Trust Complex, 2nd Floor, DVG Road, Basavangudi, Bangalore -560004,
Karnataka, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Manmohan Sarup Khosla |
|
Designation : |
Managing director |
|
Address : |
R/o Kothi No. 710, Model Town, Jalandhar City, Punjab, India |
|
Date of Appointment : |
28.03.1970 |
|
DIN No.: |
00054509 |
|
|
|
|
Name : |
Mr. Sunil Khosla |
|
Designation : |
Whole-time director |
|
Address : |
710, Model Town, Jalandhar City, Punjab, India |
|
Date of Appointment : |
26.09.1992 |
|
DIN No.: |
00054679 |
KEY EXECUTIVES
|
Name : |
Mr. V.K. Mennidratta |
|
Designation : |
Finance Controller |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Mr. Manmohan Sarup Khosla |
10620 |
40.63 |
|
Mr. Sunil Khosla |
10420 |
39.86 |
|
Mrs. Shakuntla Khosla |
2550 |
9.76 |
|
Mrs. Hem Khosla |
2550 |
9.76 |
|
Total |
26140 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Exporter and Importer of CNC Hydraulic Press Brakes and NC/CNC Hydraulics Shearing Machines. [Confirmed by management] |
|
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Products : |
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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 : |
Dubai |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Advance Payment, L\C and Credit |
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Purchasing : |
Advance Payment, L\C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Bahri Chatrath and Company Chartered Accountants |
|
Address : |
Eh 173, Iind Floor, Civil Lines, Behind New Court Complex, Jalandhar –
144001, Punjab, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
91-181-4630226/4632225 |
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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 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000 |
Equity Shares |
Rs.100/- each |
Rs. 3.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26140 |
Equity Shares |
Rs.100/- each |
Rs. 2.614
Million |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.614 |
2.614 |
2.614 |
|
(b) Reserves &
Surplus |
191.337 |
187.376 |
162.888 |
|
(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) |
193.951 |
189.990 |
165.502 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
10.548 |
51.930 |
56.095 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
10.548 |
51.930 |
56.095 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
37.130 |
49.942 |
34.614 |
|
(b) Trade payables |
101.941 |
131.604 |
123.953 |
|
(c) Other current
liabilities |
13.873 |
14.677 |
14.706 |
|
(d) Short-term provisions |
7.300 |
11.500 |
9.700 |
|
Total Current Liabilities
(4) |
160.244 |
207.723 |
182.973 |
|
|
|
|
|
|
TOTAL |
364.743 |
449.643 |
404.570 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
113.076 |
140.622 |
154.328 |
|
(ii) Intangible Assets |
0.000 |
0.147 |
0.147 |
|
(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 |
0.024 |
0.024 |
0.024 |
|
(c) Deferred tax assets
(net) |
7.559 |
3.544 |
2.915 |
|
(d) Long-term Loan and Advances |
21.415 |
21.415 |
20.101 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
142.074 |
165.752 |
177.515 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
83.169 |
81.949 |
74.961 |
|
(c) Trade receivables |
36.273 |
66.693 |
65.544 |
|
(d) Cash and cash
equivalents |
87.937 |
108.548 |
64.901 |
|
(e) Short-term loans and
advances |
13.459 |
24.194 |
20.853 |
|
(f) Other current assets |
1.831 |
2.507 |
0.796 |
|
Total Current Assets |
222.669 |
283.891 |
227.055 |
|
|
|
|
|
|
TOTAL |
364.743 |
449.643 |
404.570 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
446.798 |
493.499 |
485.429 |
|
|
Other Income |
44.447 |
51.685 |
51.330 |
|
|
TOTAL (A) |
491.245 |
545.184 |
536.759 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
313.106 |
348.227 |
351.783 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.931) |
(2.685) |
0.000 |
|
|
Employees benefits
expense |
87.181 |
78.381 |
0.000 |
|
|
Other expenses |
42.612 |
50.289 |
39.582 |
|
|
TOTAL (B) |
441.968 |
474.212 |
391.365 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
49.277 |
70.972 |
145.394 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
10.988 |
14.733 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
38.289 |
56.239 |
145.394 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
28.001 |
21.055 |
24.333 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
10.288 |
35.184 |
36.750 |
|
|
|
|
|
|
|
Less |
TAX (H) |
7.300 |
11.500 |
11.748 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
2.988 |
23.684 |
25.002 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
114.28 |
906.05 |
956.47 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
8.707 |
8.329 |
8.875 |
|
Cash generated from operations |
33.743 |
71.731 |
NA |
|
Net cash flows from (used in) operations |
26.117 |
61.546 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.67 |
4.80 |
5.15 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
11.03 |
14.38 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.88 |
7.89 |
9.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.19 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.29 |
0.58 |
0.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.37 |
1.24 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
2.614 |
2.614 |
2.614 |
|
Reserves & Surplus |
162.888 |
187.376 |
191.337 |
|
Net worth |
165.502 |
189.990 |
193.951 |
|
|
|
|
|
|
Long-term borrowings |
56.095 |
51.930 |
10.548 |
|
Short term borrowings |
34.614 |
49.942 |
37.130 |
|
Current maturities of
long-term debts |
8.875 |
8.329 |
8.707 |
|
Total borrowings |
99.584 |
110.201 |
56.385 |
|
Debt/Equity ratio |
0.602 |
0.580 |
0.291 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
485.429 |
493.499 |
446.798 |
|
|
|
1.662 |
(9.463) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
485.429 |
493.499 |
446.798 |
|
Profit |
25.002 |
23.684 |
2.988 |
|
|
5.15% |
4.80% |
0.67% |
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 |
No |
|
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 |
No |
|
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 three 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 |
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
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10579293 |
19/06/2015 |
9,990,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
C58591298 |
|
2 |
10572693 |
13/05/2015 |
450,000.00 |
PUNJAB NATIONAL BANK |
OLD RAILWAY ROAD, JALANDHAR, JALANDHAR, PUNJAB - |
C55329395 |
|
3 |
10442312 |
19/07/2013 |
2,793,000.00 |
PUNJAB NATIONAL BANK |
OLD RAILWAY ROAD, JALANDHAR, PUNJAB - 144001, INDIA |
B81816068 |
|
4 |
10437956 |
27/06/2013 |
1,950,000.00 |
PUNJAB NATIONAL BANK |
OLD RAILWAY ROAD, JALANDHAR, PUNJAB - 144001, INDIA |
B80089139 |
|
5 |
10355423 |
14/05/2012 |
600,000.00 |
PUNJAB NATIONAL BANK |
OLD, RAILWAY ROAD,, JALANDHAR, PUNJAB - 144001, INDIA |
B39540315 |
|
6 |
10355419 |
10/05/2012 |
600,000.00 |
PUNJAB NATIONAL BANK |
OLD RAILWAY ROAD,, JALANDHAR, PUNJAB - 144001, INDIA |
B39539523 |
|
7 |
10020277 |
05/12/2012 * |
201,318,000.00 |
PUNJAB NATIONAL BANK |
OLD RAILWAY ROAD, JALANDHAR, PUNJAB - 144001, INDI |
B64358278 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Generator
- Plant and Machinery
- Tools and Appliances
- Furniture and Fixtures
- Office Equipment
- Type-Writer
- Vehicles
- Air Conditioner
- Coolers
- Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.66.75 |
|
UK Pound |
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.70.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.