MIRA INFORM REPORT
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Report No. : |
309302 |
|
Report Date : |
25.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
CLAIR ENGINEERS PRIVATE LIMITED |
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Registered
Office : |
KK House, Plot No. B-35/1, Lane Adj. to Andhra Bank, Industrial
Estate, Sanath Nagar, Hyderabad – 500018, Telangana |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.06.2005 |
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Com. Reg. No.: |
01-046488 |
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Capital
Investment / Paid-up Capital : |
Rs. 50.000 Millions |
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CIN No.: [Company Identification
No.] |
U55100TG2005PTC046488 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDC02399F |
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PAN No.: [Permanent Account No.] |
AACCC6014D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Air Pollution Control Equipment. |
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No. of Employees
: |
85 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 satisfactory track record. General financial position of the company is normal and acceptable for
business dealing. Trade relations are reported as fair. Business is active. Payments terms
are reported to be slow but 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits: “BB+” |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
October, 2013 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Srikanth Koneru |
|
Designation : |
Director |
|
Contact No.: |
91-40-23813722 |
|
Date : |
24.02.2015 |
LOCATIONS
|
Registered Office : |
KK House, Plot No. B-35/1, Lane Adj. to Andhra Bank, Industrial
Estate, Sanath Nagar, Hyderabad – 500018, Telangana, India |
|
Tel. No.: |
91-40-23313131/ 23813722/ 33/ 44 |
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Fax No.: |
91-40-23813755/ 23316150 |
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E-Mail : |
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Website : |
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Area : |
4000 Sq. Ft. |
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Location : |
Rented |
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Factory 1: |
93/1, CIE – Expansion Programme Gandhinagar, Balanagar, Hyderabad,
Andhra Pradesh, India |
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Factory 2: |
Near Julkal Village, IIT Road, Hyderabad, Andhra Pradesh, India |
DIRECTORS
As on 30.08.2014
|
Name : |
Mr. Srinivasa Rao Kollu |
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Designation : |
Director |
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Address : |
201, Brindavan Apartments, Zech Colony, Sanathnagar, Hyderabad - 500018,
Andhra Pradesh, India |
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Date of Birth/Age : |
08.11.1956 |
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Date of Appointment : |
08.06.2005 |
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DIN No. : |
00349078 |
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Other Directorship :
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Name : |
Mr. Sainath Koneru |
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Designation : |
Managing Director |
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Address : |
6-3-856/10, Ameerpet, Hyderabad - 500016, Andhra Pradesh, India |
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Date of Birth/Age : |
25.05.1951 |
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Date of Appointment : |
08.06.2005 |
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DIN No. : |
00349171 |
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Other Directorship :
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Name : |
Mr. Srikanth Koneru |
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Designation : |
Director |
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Address : |
6-3-856/10, Green Lands, Ameerpet, Hyderabad - 500016, Andhra Pradesh,
India |
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Date of Birth/Age : |
23.09.1984 |
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Date of Appointment : |
08.06.2005 |
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DIN No. : |
00349257 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.08.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Srinivasa Rao Kollu |
4998200 |
99.96 |
|
Sainath Koneru |
400 |
0.01 |
|
Srikanth Koneru |
400 |
0.01 |
|
K. Bhikshavathi |
1000 |
0.02 |
|
Total |
5000000 |
100.00 |
As on 30.08.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Air Pollution Control Equipment. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Air Pollution Control Equipment |
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Countries : |
· Sweden · Ethiopia |
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Imports : |
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Products : |
Raw Material |
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Countries : |
USA |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
85 (Approximately) |
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Bankers : |
· State Bank of India, Secunderabad Branch, Patny Center, Beside Hpo, Secunderabad - 500003, Andhra Pradesh, India ·
State Bank of India, Commercial Branch,
Secunderabad, Secunderabad - 500003, Andhra Pradesh, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sudhakar and Kumar Associates Chartered Accountants |
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Address : |
No. 602, Kanchanajunga Block, Aditya Enclave, Ameerper – 500038, Andhra Pradesh, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAIFS2649P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 30.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 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 |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
50.000 |
34.408 |
34.408 |
|
(b) Reserves & Surplus |
54.150 |
46.386 |
47.130 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
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(2)
Share Application money pending allotment |
0.043 |
15.592 |
11.550 |
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Total
Shareholders’ Funds (1) + (2) |
104.193 |
96.386 |
93.088 |
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(3) Non-Current
Liabilities |
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|
|
(a) long-term borrowings |
80.058 |
61.349 |
39.986 |
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(b) Deferred tax liabilities (Net) |
5.472 |
6.318 |
0.945 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
15.609 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
85.530 |
67.667 |
56.540 |
|
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|
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(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
70.250 |
52.507 |
34.733 |
|
(b) Trade
payables |
45.006 |
85.078 |
37.384 |
|
(c) Other
current liabilities |
38.155 |
36.090 |
41.357 |
|
(d) Short-term
provisions |
1.192 |
1.090 |
3.732 |
|
Total Current
Liabilities (4) |
154.603 |
174.765 |
117.206 |
|
|
|
|
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TOTAL |
344.326 |
338.818 |
266.834 |
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II.
ASSETS |
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|
|
|
(1) Non-current assets |
|
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(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
127.377 |
130.970 |
16.876 |
|
(ii)
Intangible Assets |
12.004 |
15.519 |
1.206 |
|
(iii)
Capital work-in-progress |
15.796 |
0.000 |
73.193 |
|
(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 |
1.853 |
4.725 |
8.775 |
|
(e) Other
Non-current assets |
1.390 |
1.553 |
7.084 |
|
Total Non-Current
Assets |
158.420 |
152.767 |
107.134 |
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
87.201 |
64.749 |
56.903 |
|
(c) Trade
receivables |
68.373 |
95.944 |
66.376 |
|
(d) Cash
and cash equivalents |
10.365 |
12.940 |
21.965 |
|
(e) Short-term
loans and advances |
12.298 |
7.813 |
8.157 |
|
(f) Other
current assets |
7.669 |
4.605 |
6.299 |
|
Total
Current Assets |
185.906 |
186.051 |
159.700 |
|
|
|
|
|
|
TOTAL |
344.326 |
338.818 |
266.834 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
248.848 |
223.289 |
|
|
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Other Income |
|
3.081 |
5.370 |
|
|
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TOTAL (A) |
NA |
251.929 |
228.659 |
|
|
|
|
|
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Less |
|
|
|
|
|
|
|
|
Materials Consumed |
|
151.388 |
143.764 |
|
|
|
Changes in Inventory |
|
-8.056 |
(8.466) |
|
|
|
Employee Benefits Expense |
|
28.411 |
25.468 |
|
|
|
Other Expenses |
|
53.241 |
45.888 |
|
|
|
TOTAL (B) |
NA |
224.984 |
206.654 |
|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
34.814 |
26.945 |
22.005 |
|
|
|
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|
Less |
FINANCIAL
EXPENSES (D) |
19.520 |
14.239 |
8.682 |
|
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|
|
|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.294 |
12.706 |
13.323 |
|
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|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.036 |
6.986 |
1.512 |
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|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
6.258 |
5.720 |
11.811 |
|
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|
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|
Less |
TAX (H) |
(1.506) |
6.463 |
3.692 |
|
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|
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|
|
|
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|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
7.764 |
(0.743) |
8.119 |
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
38.106 |
38.849 |
31.542 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.812 |
|
|
BALANCE CARRIED
TO THE B/S |
45.870 |
38.106 |
38.849 |
|
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|
|
|
|
|
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|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
For Exports (including advances) |
12.974 |
68.010 |
95.993 |
|
|
TOTAL EARNINGS |
12.974 |
68.010 |
95.993 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.55 |
(0.22) |
2.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA
|
(0.30) |
3.64 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA
|
10.83 |
9.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.90 |
1.69 |
6.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.06 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.44 |
1.18 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.06 |
1.36 |
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 |
34.408 |
34.408 |
50.000 |
|
Reserves & Surplus |
47.130 |
46.386 |
54.150 |
|
Share Application money
pending allotment |
11.550 |
15.592 |
0.043 |
|
Net
worth |
93.088 |
96.386 |
104.193 |
|
|
|
|
|
|
long-term borrowings |
39.986 |
61.349 |
80.058 |
|
Short term borrowings |
34.733 |
52.507 |
70.250 |
|
Total
borrowings |
74.719 |
113.856 |
150.308 |
|
Debt/Equity
ratio |
0.803 |
1.181 |
1.443 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
Yes |
|
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 |
10528864 |
14/10/2014 |
180,000,000.00 |
ANDHRA BANK |
SANJEEVAREDDY NAGAR
BRANCH, NEAR SANJEEVAREDDY NA |
C32084287 |
|
2 |
10307550 |
11/08/2011 |
63,000,000.00 |
AP STATE FINANCIAL CORPORATION |
3-4-21,BESIDES UCO
BANK, MAIN PWD ROAD, SANGAREDD |
B21124235 |
|
3 |
10026097 |
21/12/2013 * |
135,000,000.00 |
STATE BANK OF INDIA |
PATNY CENTRE,BESIDES HPO SECUNDERABAD, SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA |
B95341897 |
|
4 |
90388652 |
16/09/2005 |
42,000,000.00 |
STATE BANK OF INDIA |
ASHUKA MY HOME
CHAMBERS, S.P. ROAD, SECUNDERABAD, |
- |
|
5 |
90388263 |
16/07/2005 |
14,000,000.00 |
STATE BANK OF INDIA |
ASHOKA MY HOME
CHAMBERS, S.P. ROAD, SECUNDERABAD, |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Intercorporate borrowings |
10.000 |
0.000 |
|
Loans and advances from directors |
7.800 |
0.000 |
|
Loans and advances from others |
10.000 |
0.000 |
|
Other loans and advances, others |
2.000 |
0.000 |
|
Total |
29.800 |
0.000 |
CHANGE OF ADDRESS
The Registered Office of the company has been shifted from 207, Amrutha
Ville, Somajiguda, Hyderabad, Andhra Pradesh, India to the present address
w.e.f. 01.10.2012.
OPERATIONS
The Company has achieved considerably better results during this year, as compared to the previous year, in spite of a difficult industrial environment in the Country. The Company has achieved a lesser export turnover during the year as compared to the last year.
Further the company has also been successful in the Domestic Market and has already received substantial orders and also some major orders are in the pipe line.
The order book position is very encouraging and the Directors are confident that the company will achieve very good results during the ensuing year also.
EXPANSION PROJECT
The company is operating from Second Unit situated at Julkal village, Sangareddy Mandal, Medak Dist, Andhra Pradesh.
MARKET DEVELOPMENT
The Company has decided to expand its market presence in various geographic locations in India. For this the Company has appointed an experienced IIM, Ahmedabad graduate Mr.C.M.Reddy as Director (Business Development). He has more than 30 years’ experience in marketing of Industrial products.
Towards developing market on pan India basis, the Company is in the process of appointing marketing agents in different locations of India and also taken up appointment of marketing executives in different regions. Towards this process, the company has already signed an agreement with a Delhi based marketing company and also appointed a marketing executive in Kolkata. The company aims to have its presence of its marketing agents/executives in all the regions of India, during the current Financial Year 2014-15.
NEW PRODUCTS
Apart from air pollution control equipment and Industrial Fans the company is exploring the new products for diversification and increasing the product profile. In the process the company has identified food processing industry which is considered as a sunrise industry with lot of potential growth.
In their interactions with the food industry people they have identified the dewatering equipment which has lot of potential and presently these are being imported to a large extent.
Keeping this in view the company is developing a new product (Screw Press) which finds applications in Coffee and other similar Food Processing Industries, where wet process is involved. Presently it is in evaluation stage. The company expects good orders once the product is developed and introduced in the Market. For development of this product so far the company has incurred an amount of Rs.11.117 Millions. The expenditure incurred so far on the prototype of the product is capitalized and the company proposes to keep the same with it for internal requirement. This machine is still under development.
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
Intangible Assets
· Computer Software
· Know-how
· Copyrights
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.62.28 |
|
|
1 |
Rs.96.21 |
|
Euro |
1 |
Rs.70.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
42 |
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.