MIRA INFORM REPORT
|
Report No. : |
332949 |
|
Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
BELL COOLING TOWERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
280, Tughlakabad Village, New Delhi – 110044 |
|
Tel. No.: |
91-11-64508444 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
08.06.1993 |
|
|
|
|
Com. Reg. No.: |
55-053942 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PTC053942 |
|
|
|
|
IEC No.: |
0596024886 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELB06728B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB0008Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and exporter of cooling towers components. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
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 an old and established company incorporated during the year
1993 having a satisfactory track record. Available indicates company sound financial risk profile marked by
healthy reserves position with low borrowings and favorable gap between trade
payable and trade receivable. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. In view of long standing record and sound financial base, the company
can be considered 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 – 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
Not Available
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
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Lokesh Kumar Jha |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-11-64508444 |
|
Date : |
21.07.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
280, Tughlakabad Village, New Delhi – 110044, India |
|
Tel. No.: |
91-11-64508444 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2 : |
56, Barhi Industrial Estate, HSIDC, Barhi, Sonepat – 131101, Haryana India |
|
|
|
|
Corporate Office : |
136, Charmwood Plaza, Eros Garden, Suraj Kund Road, Faridabad –
121009, Haryana, India |
|
Tel. No.: |
91-129-4126502 / 4126503 / 4126504 |
|
Fax No.: |
91-129-4126505 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Devashish Deb |
|
Designation : |
Director |
|
Address : |
K-2089, Chittaranjan Park, New Delhi - 110019, Delhi, India |
|
Date of Birth/Age : |
05.11.1964 |
|
Date of Appointment : |
08.06.1993 |
|
DIN No.: |
00719811 |
|
|
|
|
Name : |
Mrs. Aparna Deb |
|
Designation : |
Whole-time Director |
|
Address : |
K-2089, Chittaranjan Park, New Delhi - 110019, Delhi, India |
|
Date of Birth/Age : |
05.01.1940 |
|
Date of Appointment : |
08.06.1993 |
|
DIN No.: |
00719759 |
|
|
|
|
Name : |
Mr. Chandra Prakash Ganguly |
|
Designation : |
Whole-time Director |
|
Address : |
B/41-FF, Jungpura Extension, New Delhi - 110014, India |
|
Date of Birth/Age : |
21.04.1958 |
|
Date of Appointment : |
08.06.1993 |
|
DIN No.: |
00792950 |
|
|
|
|
Name : |
Mr. Sukhmani Ganguly |
|
Designation : |
Whole-time Director |
|
Address : |
B/41-FF, Jungpura Extension, New Delhi - 110014, India |
|
Date of Birth/Age : |
28.11.1957 |
|
Date of Appointment : |
08.06.1993 |
|
DIN No.: |
00792964 |
|
|
|
|
Name : |
Mr. Subimal Deb |
|
Designation : |
Whole-time Director |
|
Address : |
K-2089, Chittaranjan Park, New Delhi - 110019, Delhi, India |
|
Date of Birth/Age : |
01.11.1934 |
|
Date of Appointment : |
08.06.1993 |
|
DIN No.: |
00719846 |
|
|
|
|
Name : |
Mrs. Jyotsna Ganguly |
|
Designation : |
Director |
|
Address : |
B/41-FF, Jungpura Extension, New Delhi - 110014, India |
|
Date of Birth/Age : |
08.01.1927 |
|
Date of Appointment : |
08.06.1993 |
|
DIN No.: |
02979600 |
KEY EXECUTIVES
|
Name : |
Mr. Lokesh Kumar Jha |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Chandra Prakash Ganguly |
23400 |
46.80 |
|
Jyotsna Ganguly |
1100 |
2.20 |
|
Sukhmani Ganguly |
11100 |
22.20 |
|
Subimal Deb |
1100 |
2.20 |
|
Devashish Deb |
12200 |
24.40 |
|
Aparna Deb |
1100 |
2.20 |
|
|
|
|
|
Total |
50000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter of cooling towers components. |
|
|
|
|
Products : |
Cooling Towers Components |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
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Exports : |
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|
Products : |
Finished Goods |
|
Countries : |
USA |
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|
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|
Imports : |
Not Divulged |
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|
Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
S.S. Marwah and Company Chartered Accountants |
|
Address : |
A-17, West Patel Nagar, New Delhi – 110008, India |
|
Tel. No.: |
91-11-25882485 |
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PAN No.: |
AAGPM5341Q |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
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|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
52.888 |
48.165 |
46.561 |
|
(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) |
53.388 |
48.665 |
47.061 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.592 |
1.676 |
2.219 |
|
(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 |
3.718 |
3.361 |
0.000 |
|
Total Non-current
Liabilities (3) |
4.310 |
5.037 |
2.219 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
38.223 |
35.998 |
24.798 |
|
(c) Other
current liabilities |
3.435 |
2.342 |
1.263 |
|
(d) Short-term
provisions |
6.703 |
7.397 |
12.064 |
|
Total Current
Liabilities (4) |
48.361 |
45.737 |
38.125 |
|
|
|
|
|
|
TOTAL |
106.059 |
99.439 |
87.405 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
16.850 |
18.630 |
17.396 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.280 |
0.280 |
0.200 |
|
(e) Other
Non-current assets |
0.150 |
0.078 |
0.064 |
|
Total Non-Current
Assets |
17.280 |
18.988 |
17.660 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2.653 |
1.394 |
1.283 |
|
(c) Trade
receivables |
41.376 |
42.448 |
27.206 |
|
(d) Cash
and cash equivalents |
35.174 |
25.743 |
26.648 |
|
(e)
Short-term loans and advances |
8.189 |
9.260 |
13.617 |
|
(f) Other
current assets |
1.387 |
1.606 |
0.991 |
|
Total
Current Assets |
88.779 |
80.451 |
69.745 |
|
|
|
|
|
|
TOTAL |
106.059 |
99.439 |
87.405 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
157.421 |
137.768 |
120.572 |
|
|
|
Other Income |
2.491 |
1.967 |
1.281 |
|
|
|
TOTAL (A) |
159.912 |
139.735 |
121.853 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
30.981 |
22.797 |
|
|
|
Purchase of Stock-in-trade |
|
64.996 |
62.993 |
|
|
|
Changes in Inventories of stock-in-trade |
|
-0.091 |
-0.207 |
|
|
|
Employee Benefits Expenses |
|
14.815 |
12.628 |
|
|
|
Other Expenses |
|
20.047 |
14.919 |
|
|
|
TOTAL (B) |
152.861 |
130.748 |
113.130 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
[Including
Financial & Depreciation
Expenses] |
8.987 |
8.723 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.058 |
0.409 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
|
8.929 |
8.314 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
|
1.886 |
1.648 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
7.051 |
7.043 |
6.666 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.305 |
2.255 |
2.069 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
4.746 |
4.788 |
4.597 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
94.91 |
95.76 |
91.94 |
|
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 flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
3.01 |
3.48 |
3.81 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
6.52 |
7.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
6.65 |
7.08 |
7.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.14 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01 |
0.03 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.84 |
1.76 |
1.83 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
46.561 |
48.165 |
52.888 |
|
Net
worth |
47.061 |
48.665 |
53.388 |
|
long-term borrowings |
2.219 |
1.676 |
0.592 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
2.219 |
1.676 |
0.592 |
|
Debt/Equity
ratio |
0.047 |
0.034 |
0.011 |
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 |
120.572 |
137.768 |
157.421 |
|
|
|
14.262 |
14.265 |
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
|
120.572 |
137.768 |
157.421 |
|
Profit |
4.597 |
4.788 |
4.746 |
|
|
3.81% |
3.48% |
3.01% |
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 |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
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 |
FINANCIAL
HIGHLIGHTS:
During the year, the total income from operation and other incomes stood
at Rs.159.912 million as compared to Rs.139.735 million in the previous year.
The net profit of the company after tax stood at Rs.4.746 million as compared
to Rs.4.788 million in the previous year.
NOTE: Registered office
of the company has been shifted from K-2089, C.R. Park, New Delhi – 110019,
India to the present address but the same has not been updated in the
government registry.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10181431 |
24/09/2009 |
1,200,000.00 |
State Bank of Patiala |
23-24, Defence Colony Market, Defence colony Branch, New Delhi - 110024, India |
A72004344 |
|
2 |
90333625 |
27/04/2005 |
1,500,000.00 |
Corporation Bank |
Greater Kailash, New Delhi, India |
- |
FIXED ASSETS:
·
Factory Plot
·
Factory Building
·
Office Property
·
Furniture and Fixtures
·
Coolers and Fans
·
Cars
·
EPABX System
·
Scooter and Motorcycle
·
Air Conditioner
·
Machinery
·
Invertor
·
Computer
·
Fax
·
Cellular Phones
·
Water Filter
·
Refrigerator and
Television
·
Voltage Stabilizer
·
Generator
·
Tools and Equipments
·
Printer and Scanner
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 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.63.65 |
|
|
1 |
Rs.99.14 |
|
Euro |
1 |
Rs.68.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
47 |
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.