MIRA INFORM REPORT
|
Report No. : |
353896 |
|
Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
FARADAY ELECTRICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
36, Gopalbari, Jaipur-302001, Rajasthan |
|
Tel. No.: |
91-141-4056298 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.08.1980 |
|
|
|
|
Com. Reg. No.: |
17-002072 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 1.634 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51395RJ1980PTC002072 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject engaged mainly in the manufacturing and supply of wide range of
electrical products used in power transmission such as high-voltage
isolators, horn gap fuse, drop-out fuse and transmission line hardware. (Confirmed
by management) |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a Jaipur-based (Rajasthan) company, it was incorporated in
August 1980 by Mr. S K Saboo. It is engaged mainly in the manufacturing and supply
of wide range of electrical products used in power transmission such as
high-voltage isolators, horn gap fuse, drop-out fuse and transmission line
hardware. The ratings derive benefits from the promoter’s vast experience in the
manufacturing of the electrical equipments and its long-standing association
with the major customers along with satisfactory financial profile, decent
capital structure, improved cash and bank balance and comfortable debt
coverage indicators. The ratings is constrained by the fluctuating profitability margin due
to the tender-driven nature of business, the working capital intensive nature
of operations and its presence in highly fragmented and competitive equipment
industry. However, trade relations are fair. Business is active. Payment terms are reported to be usually
correct. The company can be considered for business dealing 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 Loan (BB+) (Suspended) |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
April 2015 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Letter of Credit (A4+) (Suspended) |
|
Rating Explanation |
Minimal degree of safety and high credit rsik. |
|
Date |
April 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. Rajesh |
|
Designation : |
Finance Department |
|
Contact No.: |
91-9352290987 |
|
Date : |
10.12.2015 |
|
|
|
|
Name : |
Mr. M.K. Jain |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9352290987 |
|
Date : |
10.12.2015 |
LOCATIONS
|
Registered Office : |
36, Gopalbari, Jaipur-302001, Rajasthan, India |
|
Tel. No.: |
91-141-4056298 |
|
Mobile No.: |
91-9352290987 (Mr. M.K. Jain) |
|
Fax No.: |
91-141-2330272 |
|
E-Mail : |
faraday_electricals@rediffmail.com
|
|
|
|
|
Factory/ Administrative Office: |
H-1016, Road No. 14, Vishwakarma Industrial Area, Jaipur – 302013, Rajasthan,
India |
|
Tel. No.: |
91-141-4037637/ 4036298 |
|
Fax No.: |
91-141-2330272 |
DIRECTORS
As on: 31.03.2015
|
Name : |
Mr. Abha Saboo |
|
Designation : |
Director |
|
Address : |
36, Gopalbari, Jaipur-302001, Rajasthan, India |
|
Date of Appointment : |
19.08.1980 |
|
DIN No.: |
01334942 |
|
|
|
|
Name : |
Mr. Abhinav Saboo |
|
Designation : |
Director |
|
Address : |
36, Gopalbari, Jaipur-302001, Rajasthan, India |
|
Date of Birth/Age : |
17.08.1971 |
|
Date of Appointment : |
02.11.2005 |
|
DIN No.: |
02226343 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh |
|
Designation : |
Finance Department |
|
|
|
|
Name : |
Mr. M.K. Jain |
|
Designation : |
Finance Head |
|
|
|
|
Name : |
Mrs. Anita Agarwal |
|
Designation : |
Company Secretaries |
|
Address : |
Nitya Upyogi Wastu Bhandar, Opposites Neelam Cinema Amer, Jaipur, Rajasthan, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Surendra Kumar Saboo |
|
915 |
|
Abha Saboo |
|
1450 |
|
Pratibha Maheshwari |
|
300 |
|
Om Prakash Saboo |
|
100 |
|
Surendra Kumar Saboo Huf |
|
4260 |
|
Abhinav Saboo |
|
1445 |
|
Arvind Sodhani |
|
100 |
|
Preeti Saboo |
|
3400 |
|
Vimal Chand Surana Huf |
|
5 |
|
Kushal Chand Kothari |
|
5 |
|
Nisha Khetan |
|
5 |
|
Vimala Kothari |
|
5 |
|
Krishna Kant Poddar |
|
5 |
|
Urmila Devi |
|
5 |
|
Abhinav Saboo Huf |
|
3000 |
|
M/S. Cyperus Multitrade Private Limited, India |
|
140 |
|
Aditya Fashion Private Limited, India |
|
200 |
|
Gupteshwar Finance And Investment Private Limited, India |
|
200 |
|
Printage Offset Private Limited, India |
|
460 |
|
Evershine Building Projects Private Limited, India |
|
140 |
|
Colourunion Nternational Private Limited, India |
|
200 |
|
Total |
|
16340 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
8.20 |
|
Directors or relatives of Directors |
91.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged mainly in the manufacturing and supply of wide range
of electrical products used in power transmission such as high-voltage isolators,
horn gap fuse, drop-out fuse and transmission line hardware. (Confirmed
by management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit (30/ 60 Days) |
|
|
|
|
Purchasing : |
Cash, L/C and Credit (30/ 60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
End Users and OEMs
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
|
|
Banking
Relations : |
Kotak Mahindra Prime limited |
|
|
|
|
Auditors : |
|
|
Name : |
J. Vaish and Company Chartered Accountants |
|
Address : |
38, Purohitji ka Bagh, M. I. Road, Jaipur-302001, Rajasthan, India |
|
E-Mail : |
|
|
|
AAAFJ7544G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates: |
Not divulged |
CAPITAL STRUCTURE
As on: 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs.100/- each |
Rs. 2.500 Million |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16,340 |
Equity Shares |
Rs.100/- each |
Rs. 1.634 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 |
1.634 |
1.634 |
1.634 |
|
(b) Reserves & Surplus |
49.698 |
45.019 |
43.691 |
|
(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) |
51.332 |
46.653 |
45.325 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
19.593 |
14.147 |
18.064 |
|
(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) |
19.593 |
14.147 |
18.064 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
26.945 |
13.382 |
15.806 |
|
(b) Trade
payables |
99.928 |
35.279 |
21.967 |
|
(c) Other
current liabilities |
4.711 |
1.994 |
4.256 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
131.584 |
50.655 |
42.029 |
|
|
|
|
|
|
TOTAL |
202.509 |
111.455 |
105.418 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
11.564 |
6.516 |
6.803 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.099 |
0.271 |
0.071 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.005 |
0.005 |
0.005 |
|
(c) Deferred tax assets (net) |
0.182 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.621 |
2.119 |
0.467 |
|
(e) Other
Non-current assets |
0.585 |
1.076 |
7.408 |
|
Total Non-Current
Assets |
16.056 |
9.987 |
14.754 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
30.613 |
29.410 |
5.040 |
|
(c) Trade
receivables |
127.338 |
59.183 |
74.451 |
|
(d) Cash
and cash equivalents |
20.464 |
6.886 |
3.666 |
|
(e)
Short-term loans and advances |
6.416 |
5.229 |
6.912 |
|
(f) Other current
assets |
1.622 |
0.760 |
0.595 |
|
Total
Current Assets |
186.453 |
101.468 |
90.664 |
|
|
|
|
|
|
TOTAL |
202.509 |
111.455 |
105.418 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
304.703 |
138.016 |
136.261 |
|
|
|
Other Income |
0.854 |
1.022 |
1.271 |
|
|
|
TOTAL |
305.557 |
139.038 |
137.532 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
298.550 |
136.596 |
128.029 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
7.007 |
2.442 |
9.503 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.500 |
0.521 |
0.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
6.507 |
1.921 |
8.603 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.828 |
0.593 |
2.633 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
4.679 |
1.328 |
5.970 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
45.019 |
43.691 |
31.132 |
|
|
|
|
|
|
|
|
|
Add |
Share
Premium Account Investment Allowance and Subsidy Received transaction during
the year |
0.000 |
0.000 |
6.589 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
49.698 |
45.019 |
43.691 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
286.35 |
81.27 |
365.36 |
|
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 flows from operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.54 |
0.96 |
4.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.22 |
1.73 |
8.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.04 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.91 |
0.59 |
0.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42 |
2.00 |
2.16 |
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 |
1.634 |
1.634 |
1.634 |
|
Reserves & Surplus |
43.691 |
45.019 |
49.698 |
|
Net worth |
45.325 |
46.653 |
51.332 |
|
|
|
|
|
|
long-term borrowings |
18.064 |
14.147 |
19.593 |
|
Short term borrowings |
15.806 |
13.382 |
26.945 |
|
Total borrowings |
33.870 |
27.529 |
46.538 |
|
Debt/Equity ratio |
0.747 |
0.590 |
0.907 |
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 |
136.261 |
138.016 |
304.703 |
|
|
|
1.288 |
120.774 |
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 |
136.261 |
138.016 |
304.703 |
|
Profit |
5.970 |
1.328 |
4.679 |
|
|
4.38% |
0.96% |
1.54% |
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 |
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 |
No |
|
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 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loan from relatives parties |
19.593 |
14.147 |
|
|
|
|
|
Total |
19.593 |
14.147 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10169393 |
04/08/2012 * |
122,500,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
ROAD NO.5, V K I AREA BRANCH, JAIPUR - 302013, RAJASTHAN , INDIA |
B56554207 |
|
2 |
10159506 |
03/08/2012 * |
28,500,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
ROAD NO.5, V K I AREA BRANCH, JAIPUR - 302013, RAJASTHAN , INDIA |
B56553415 |
|
3 |
90071400 |
12/03/2014 * |
120,000,000.00 |
STATE BANK OF BIKANER & JAIPUR |
ROAD NO.5, V K I AREA BRANCH, JAIPUR - 302013, RAJASTHAN , INDIA |
C02941045 |
* Date
of charge modification
FIXED ASSETS:
- Land (Lease Hold)
- Factory Building
- Plant and Machinery
- Motor Cars
- Computer Equipments
- Furniture and Fixtures
- Weighing Machine
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.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPY |
|
|
|
|
Analysis Done by
: |
KSP |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
|
48 |
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.