MIRA INFORM REPORT
|
Report No. : |
304703 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
TECHNO PROCESS EQUIPMENTS (INDIA) PRIVATE LIMITED |
|
|
|
|
Formerly known
as : |
TECHNO PROCESS EQUIPMENTS (INDIA) LIMITED (w.e.f. 09.01.2010) TECHNO PROCESS EQUIPMENTS (INDIA) PRIVATE LIMITED |
|
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|
|
Registered
Office : |
215-219, Ashok Industrial Premises, L.B.S Marg, Bhandup (West), Mumbai
– 400078, Maharashtra |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
17.03.1994 |
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|
Com. Reg. No.: |
11-077141 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 5.000 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U99999MH1994PTC077141 |
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|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT13282D |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCT2398C |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Heat Exchange, Pressure Vessels. |
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|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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. There seems some dip in the company turnover and profit Financial Year
2014 however, net worth of the company is satisfactory. General financial
position of the company is normal and acceptable for business dealings. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Fund Based Limits (BBB-) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
|
Date |
June 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Non Fund Based (A3) |
|
Rating Explanation |
Moderate degree of safety. It carry higher credit risk. |
|
Date |
June 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.
INFORMATION PARTED BY
|
Name : |
Mr. Amandeep A. Singh |
|
Designation : |
Director |
|
Date : |
22.01.2015 |
LOCATIONS
|
Registered Office : |
215-219, Ashok Industrial Premises, L.B.S Marg, Bhandup (West), Mumbai
– 400078, Maharashtra, India |
|
Tel. No.: |
91-22-25922708/ 4572/ 3985/ 44793/ 94 |
|
Fax No.: |
91-22-25922710 |
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E-Mail : |
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|
Website : |
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|
Factory : |
R 261, MIDC, Rabale, Thane – 400701, Maharashtra, India |
|
Area : |
800 Sq Mtrs |
|
Location : |
Owned |
DIRECTORS
As on 08.09.2014
|
Name : |
Mr. Ajit Hari Singh |
|
Designation : |
Managing Director |
|
Address : |
A/601-602, Runwal Tower, L.S.B. Marg, Mulund – West, Mumbai – 400080,
Maharashtra, India |
|
Date of Birth/Age : |
10.10.1939 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No.: |
00079373 |
|
|
|
|
Name : |
Mr. Ajaypal A. Singh |
|
Designation : |
Whole Time Director |
|
Address : |
A-404, Runwal Tower, L.S.B. Marg, Mulund – West, Mumbai – 400080,
Maharashtra, India |
|
Date of Birth/Age : |
14.12.1970 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No.: |
00530455 |
|
|
|
|
Name : |
Mr. Amandeep A. Singh |
|
Designation : |
Whole Time Director |
|
Address : |
A/601-602, Runwal Tower, L.S.B. Marg, Mulund – West, Mumbai – 400080,
Maharashtra, India |
|
Date of Birth/Age : |
24.09.1974 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No.: |
00148943 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 08.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ajit Hari Singh |
|
330000 |
|
Ajaypal A. Singh |
|
83980 |
|
Harjeet Singh |
|
6000 |
|
Amandeep A. Singh |
|
80005 |
|
Gina Ajaypal Singh |
|
5 |
|
Tara Sadhram Singh |
|
5 |
|
Ranjeet Tara Singh |
|
5 |
|
Total |
|
500000 |
As on 08.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20304703_MIRA%2023-Jan-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Heat Exchange, Pressure Vessels. |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, L\C and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
Information denied by management
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
|
Auditors : |
|
|
Name : |
Minhaz and Company Chartered Accountants |
|
Address : |
7/10, Botawala Building, 1st Floor, Horniman Circle, Fort, Mumbai – 400023, Maharashtra, India |
|
Tel. No.: |
91-22-22663534 / 22696390 |
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E-Mail : |
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PAN.: |
AACPL3719M |
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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 08.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000
Millions |
|
|
|
|
|
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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
154.378 |
134.058 |
108.311 |
|
(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) |
159.378 |
139.058 |
113.311 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
20.000 |
23.495 |
27.327 |
|
(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) |
20.000 |
23.495 |
27.327 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
14.191 |
25.051 |
58.018 |
|
(b) Trade
payables |
23.364 |
20.939 |
94.034 |
|
(c) Other
current liabilities |
71.700 |
60.402 |
52.079 |
|
(d) Short-term
provisions |
25.500 |
29.000 |
24.650 |
|
Total Current
Liabilities (4) |
134.755 |
135.392 |
228.781 |
|
|
|
|
|
|
TOTAL |
314.133 |
297.945 |
396.419 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
93.414 |
86.930 |
67.512 |
|
(ii)
Intangible Assets |
1.119 |
1.125 |
1.134 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.092 |
|
Total Non-Current
Assets |
94.533 |
88.055 |
68.738 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
164.828 |
120.396 |
81.020 |
|
(c) Trade
receivables |
11.146 |
42.931 |
160.218 |
|
(d) Cash
and cash equivalents |
15.567 |
12.925 |
15.999 |
|
(e)
Short-term loans and advances |
2.865 |
5.125 |
19.080 |
|
(f) Other
current assets |
25.194 |
28.513 |
24.364 |
|
Total Current
Assets |
219.600 |
209.890 |
300.681 |
|
|
|
|
|
|
TOTAL |
314.133 |
297.945 |
369.419 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
365.616 |
461.780 |
570.467 |
|
|
|
Other Income |
11.679 |
3.681 |
1.676 |
|
|
|
TOTAL |
377.295 |
465.461 |
572.143 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
300.188 |
377.791 |
436.778 |
|
|
|
(Increase)/ Decrease in Inventories
|
(44.432) |
(39.376) |
4.254 |
|
|
|
Operating and administrative expenses |
46.480 |
22.796 |
23.148 |
|
|
|
Employees benefits expense |
21.272 |
40.576 |
42.472 |
|
|
|
Other expenses |
0.056 |
0.058 |
0.821 |
|
|
|
TOTAL
|
323.564 |
401.845 |
507.473 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
53.731 |
63.616 |
64.670 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
14.541 |
16.518 |
16.852 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
39.190 |
47.098 |
47.818 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.370 |
6.352 |
6.686 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
30.820 |
40.746 |
41.132 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.500 |
15.000 |
14.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
20.320 |
25.746 |
27.132 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
73.957 |
61.211 |
46.079 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.400 |
13.000 |
12.000 |
|
|
Total |
10.400 |
13.000 |
12.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
83.877 |
73.957 |
61.211 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
38.937 |
1.474 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
24.006 |
40.436 |
14.616 |
|
|
TOTAL IMPORTS |
24.006 |
40.436 |
14.616 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
40.64 |
51.49 |
54.26 |
|
Expected Sales (2014-2015): Rs. 450.000 Millions
The above information has been parted by Mr. Amandeep Singh.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
5.56 |
5.58 |
4.76 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
14.70 |
13.78 |
11.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.81 |
13.68 |
11.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.29 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.21 |
0.35 |
0.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.63 |
1.55 |
1.31 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
108.311 |
134.058 |
154.378 |
|
Net
worth |
113.311 |
139.058 |
159.378 |
|
|
|
|
|
|
long-term borrowings |
27.327 |
23.495 |
20.000 |
|
Short term borrowings |
58.018 |
25.051 |
14.191 |
|
Total
borrowings |
85.345 |
48.546 |
34.191 |
|
Debt/Equity
ratio |
0.753 |
0.349 |
0.215 |
%20PRIVATE%20LIMITED%20-%20304703_MIRA%2023-Jan-2015_files/image015.gif)
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 |
570.467 |
461.780 |
365.616 |
|
|
|
(19.052) |
(20.825) |
%20PRIVATE%20LIMITED%20-%20304703_MIRA%2023-Jan-2015_files/image017.gif)
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 |
570.467 |
461.780 |
365.616 |
|
Profit |
27.132 |
25.746 |
20.320 |
|
|
4.76% |
5.58% |
5.56% |
%20PRIVATE%20LIMITED%20-%20304703_MIRA%2023-Jan-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT = NOT AVAILABLE
|
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
From director |
20.000 |
20.000 |
|
Total |
20.000 |
20.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
CHARGE
HOLDER |
ADDRESS |
Service Request Number (SRN) |
|
1 |
10288810 |
13/05/2011 |
10,600,000.00 |
PUNJAB NATIONAL
BANK |
SHIVAJI PATH BRANCH,SHILPAYAN,
SHIVAJI PATH,THANE-WEST, THANE, MAHARASHTRA - 400601, INDIA |
B13702956 |
|
2 |
90149802 |
04/07/2001 * |
39,000,000.00 |
PUNJAB NATIONAL
BANK |
SHIVAJI PATH
THANE, MUMBAI, MAHARASHTRA - 400601, |
- |
|
3 |
90151826 |
29/11/2011 * |
340,600,000.00 |
PUNJAB NATIONAL
BANK |
SHIVAJI PATH
BRANCH,SHILPAYAN,,SHIVAJI PATH,THANE-WEST, THANE, MAHARASHTRA - 400601, INDIA |
B26411371 |
* Date of charge modification
OPERSTIONS:
During the year, the sales marginally declined
by 19.05% to Rs. 461.780 Millions. Other income also declined substantially due
to steep decrease in discounts and rebates. The profit after tax also register
a decrease of 5.10% to Rs. 25.746 Millions from Rs. 27.132 Millions on account
of increase in cost of materials and control of production and administrative
overheads. The management is hopeful of showing better performance in the
coming years, with expected increase in work orders and enhanced efficiency in
utilization of resources.
FIXED ASSETS
Tangible Assets
- Land
- Building
- Machinery
- Office
Equipment
- Computer and
Printer
- Furniture and
Fixture
- Cranes
- Vehicles
Intangible Assets
- Goodwill
- Computer
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.61.69 |
|
|
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KLS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.