MIRA
INFORM REPORT
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Report No. : |
305915 |
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Report Date : |
03.02.2015 |
IDENTIFICATION DETAILS
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Name : |
AVENTURA COMPONENTS PRIVATE LIMITED (w.e.f. 31.05.2005) |
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Formerly Known
As : |
PURGE SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
A1/152, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
22.09.1997 |
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Com. Reg. No.: |
55-089785 |
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Capital Investment
/ Paid-up Capital : |
Rs. 2.656 Millions |
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CIN No.: [Company Identification
No.] |
U51505DL1997PTC089785 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELP09140F |
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PAN No.: [Permanent Account No.] |
AAFCA3564R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter, Importer, Trader and Supplier of
Water Handling Components, Water Treatment Components, Consumables and Spares,
Testing Instruments, Standard Plants and also Service Provider of Repairing,
Commissioning, etc. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B (34) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 194000 |
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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 having moderate track record. The rating is constrained on account of company’s moderate financial
risk profile and leverage capital structure of the company. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. 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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
ICRA |
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Rating |
Fund based limits: “BB+” |
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Rating Explanation |
Inadequate degree of safety and high credit risk |
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Date |
April, 2014 |
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Rating Agency Name |
ICRA |
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Rating |
Non-Fund based limits: “A4+” |
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Rating Explanation |
Minimal degree of safety and very high credit risk |
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Date |
April, 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.
LOCATIONS
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Registered Office/Factory : |
A1/152, Main IGNOU Road, Neb Sarai, New Delhi - 110068, India |
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Tel. No.: |
91-11-43100541/ 43100519/ 43100541/ 517/ 43100500/ 29531288 |
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Mobile No.: |
91-9650090410 (Mr. Sanjay Garg) |
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Fax No.: |
91-11-43100599 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As on 19.08.2014
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Name : |
Mr. Sunil Sugan Chand Ghorawat |
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Designation : |
Director |
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Address : |
1110B, Aralias, DLF Golf Link, DLF V, Gurgaon - 122009, Haryana, India |
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Date of Birth/Age : |
20.09.1968 |
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Date of Appointment : |
15.03.2002 |
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DIN No.: |
00189277 |
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Other Directorship :
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Name : |
Mr. Kewal Krishan Kundan Lal Nohria |
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Designation : |
Director |
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Address : |
11, Aryavartha, Narayan Dabhulkar Road, Mumbai - 400026, Maharashtra,
India |
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Date of Birth/Age : |
04.10.1932 |
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Date of Appointment : |
05.10.2005 |
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DIN No.: |
00060015 |
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Other Directorship :
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Name : |
Mr. Kamal Mathura Dutt Tiwari |
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Designation : |
Director |
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Address : |
House No. A-68, Sector-14, Noida - 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
17.11.1970 |
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Date of Appointment : |
06.03.2006 |
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DIN No.: |
00119385 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.08.2014
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Names of Shareholders |
No. of Shares |
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Sunil Ghorawat |
1 |
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Fontus Water Private Limited, India |
2656249 |
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Total |
2656250 |
As on 19.08.2014
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage of Holding |
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Bodies corporate |
99.99 |
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Directors or relatives of Directors |
0.01 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter, Importer, Trader and Supplier of Water Handling Components, Water Treatment Components, Consumables and Spares, Testing Instruments, Standard Plants and also Service Provider of Repairing, Commissioning, etc. |
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Products/ Services : |
Products · Water Handling Components:- Pressure Wave, Challenger, C2 Lite UT, C2-Lite CAD, Super Flow, High Pressure Pumps, etc. Water Treatment Components:- FRP Vessels, Multiport Valves and
Distribution Systems, RO Housings, Digital and Analog Electronic Dosing
Pumps, RO Membranes, Electrochlorinators, etc. Consumables and Spares:- Filter Media, Sealant Kit, Ion Exchange
Resins, Filter Cartridges, RO Anti Scalants, RO Controllers, etc. Testing Instruments:- PH and TDS Meters, Pressure Gauges, Low
and High Pressure Switches, PH and Conductivity Sensors, Ultrasonic Level
Sensors, etc. Standard Plants:- RO Plant, Filtration Plant, Softening
Plant, Pressure Booster, etc. Services Offered · Repairing Service Commissioning
Service |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
-- |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
· Union Bank of India (Lead Bank), F14-15,Connaught Place, New Delhi - 110001, India Oriental
Bank of Commerce, A-2/40 Safdarjung Enclave, New Delhi - 110029, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
O P Tulsyan and Company Chartered Accountants |
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Address : |
J-1377, Palam Vihar, Gurgaon – 122017, Haryana, India |
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Tel. No. : |
91-124-2368884 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFO0729Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Fontus Water Private Limited |
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Associate Company : |
EA Water Private Limited |
CAPITAL STRUCTURE
As on 19.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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5,000,000 |
Equity Shares |
Re.1/- each |
Rs. 5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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2,656,250 |
Equity Shares |
Re.1/- each |
Rs. 2.656 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders'
Funds |
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|
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(a) Share Capital |
2.656 |
2.656 |
2.656 |
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(b) Reserves & Surplus |
65.321 |
57.429 |
52.379 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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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) |
67.977 |
60.085 |
55.035 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.499 |
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(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
0.000 |
0.000 |
0.499 |
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(4) Current Liabilities |
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(a) Short term borrowings |
266.728 |
156.198 |
103.395 |
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(b) Trade payables |
327.332 |
145.490 |
89.242 |
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(c) Other current
liabilities |
13.340 |
10.285 |
9.095 |
|
(d) Short-term provisions |
5.766 |
7.519 |
5.364 |
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Total Current Liabilities (4) |
613.166 |
319.492 |
207.096 |
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|
|
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TOTAL |
681.143 |
379.577 |
262.630 |
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II.
ASSETS |
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(1) Non-current assets |
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|
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(a) Fixed Assets |
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|
|
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(i) Tangible assets |
2.860 |
2.753 |
3.029 |
|
(ii) Intangible Assets |
2.152 |
2.539 |
2.317 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10.450 |
7.000 |
0.500 |
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(c) Deferred tax assets (net) |
0.140 |
0.083 |
0.000 |
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(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
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(e) Other Non-current assets |
0.000 |
0.000 |
10.000 |
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Total Non-Current Assets |
15.602 |
12.375 |
15.846 |
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(2) Current assets |
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|
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
173.298 |
84.801 |
71.728 |
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(c) Trade receivables |
342.295 |
187.016 |
131.624 |
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(d) Cash and cash
equivalents |
109.284 |
64.419 |
22.126 |
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(e) Short-term loans and
advances |
12.199 |
8.135 |
6.361 |
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(f) Other current assets |
28.465 |
22.831 |
14.945 |
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Total Current Assets |
665.541 |
367.202 |
246.784 |
|
|
|
|
|
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TOTAL |
681.143 |
379.577 |
262.630 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
696.428 |
623.928 |
500.489 |
|
|
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Other Income |
NA |
NA |
NA |
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TOTAL |
NA |
NA |
NA |
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Less |
EXPENSES |
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TOTAL |
NA |
NA |
NA |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
12.612 |
9.725 |
13.160 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
1.188 |
1.964 |
1.292 |
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|
PROFIT/
(LOSS) BEFORE TAX |
11.424 |
7.761 |
11.868 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.630 |
3.293 |
3.735 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
7.794 |
4.468 |
8.133 |
|
|
|
|
|
|
|
|
|
Less |
DEFERRED TAX
ASSET/ (LIABILITY) ADJUSTMENT |
(0.057) |
(0.582) |
0.116 |
|
|
|
|
|
|
|
|
|
Less |
ADJUSTMENT OF
TAX FOR EARLIER YEARS |
(0.041) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
7.892 |
5.050 |
8.017 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports of Products |
6.760 |
7.634 |
8.295 |
|
|
TOTAL EARNINGS |
6.760 |
7.634 |
8.295 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stock-in-trade |
436.596 |
381.689 |
244.318 |
|
|
TOTAL IMPORTS |
436.596 |
381.689 |
244.318 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
2.97 |
1.90 |
3.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.12 |
0.72 |
1.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.70 |
2.08 |
4.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.13 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.92 |
2.60 |
1.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09 |
1.15 |
1.19 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
2.656 |
2.656 |
2.656 |
|
Reserves & Surplus |
52.379 |
57.429 |
65.321 |
|
Net
worth |
55.035 |
60.085 |
67.977 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
103.395 |
156.198 |
266.728 |
|
Total
borrowings |
103.395 |
156.198 |
266.728 |
|
Debt/Equity
ratio |
1.879 |
2.600 |
3.924 |
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) |
|
Sales |
500.489 |
623.928 |
696.428 |
|
|
|
24.664 |
11.620 |
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 |
500.489 |
623.928 |
696.428 |
|
Profit |
8.133 |
4.468 |
7.794 |
|
|
1.63% |
0.72% |
1.12% |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
10542854 |
11/07/2014 |
70,000,000.00 |
ORIENTAL BANK OF COMMERCE |
A-2/49, SAFDARJUNG ENCLAVE, NEW DELHI, DELHI - 110029, INDIA |
C35084334 |
|
2 |
10495593 |
15/02/2014 |
30,000,000.00 |
UNION BANK OF INDIA |
CONNAUGHT PLACE BRANCH, F14-15,CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
C03976347 |
|
3 |
10408628 |
03/02/2014 * |
20,000,000.00 |
UNION BANK OF INDIA |
F14-15,CONNAUGHT PLACE, NEW DELHI, NEW DELHI, DELHI - 110001, INDIA |
B96550967 |
|
4 |
10397956 |
26/11/2012 |
140,000,000.00 |
UNION BANK OF INDIA(LEAD BANK) |
F14-15,CONNAUGHT PLACE, NEW DELHI, NEW DELHI, DELHI - 110001, INDIA |
B66214883 |
|
5 |
10075570 |
21/05/2014 * |
160,000,000.00 |
UNION BANK OF INDIA |
CONNAUGHT PLACE BRANCH, F14/15, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
C06807796 |
|
6 |
10008667 |
23/03/2006 |
30,500,000.00 |
UNION BANK OF INDIA |
CONNAUGHT PLACE BRANCH, F14/15,CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
A00450999 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Borrowing from Holding Company |
190.213 |
0.000 |
|
Total |
190.213 |
0.000 |
YEAR IN REVIEW
In the last year, the company has strengthened its presence in the water handling business and water components space.
The year also saw the company expanding its market presence as it added channel partners in newer locations like Cochin, Vizag, Lucknow
and Guwahati, the company has been able to enhance its market reach and has
been able to tap markets which weren't explored earlier. The company now has a
wider presence in the country. This allows it to
regularly interact with small and medium OEMs across the breadth of the
country, and serve their requirements better.
The company continues to invest in its product base to create more
demand for its offerings. Newer products have also been added to its product
base such as multiport valve and ion exchange resins. Also, efforts have been
taken to improve upon the existing products.
In 2013-14, Aventura came up with a new initiate in the pump industry
under a distinct entity named "Pump Nation" which specialises in
servicing and repairs of pumps. This segment is expected to grow further.
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
Guarantee Given by Bank |
0.050 |
1.633 |
|
Letter of Credit Outstanding |
21.034 |
14.290 |
|
Total |
21.084 |
15.923 |
FIXED ASSETS
· Plant and Machinery
Office
Equipment
Furniture
and Fittings
Computer
Car-Verna
Motor
Cycle
Scooter
Fan
Telephone
Instruments
Software
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.61.88 |
|
|
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
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 |
|
34 |
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.