MIRA INFORM REPORT
|
Report No. : |
333742 |
|
Report Date : |
27.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
VT VACUUM TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
36/A, First Floor, AGS Layout, S R Nagar, Bangalore-560054, Karnataka |
|
Tel. No.: |
91-80-41748063/ 23603253 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.07.2002 |
|
|
|
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Com. Reg. No.: |
08-030774 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs. 3.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29120KA2002PTC030774 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRV03391D |
|
|
|
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PAN No.: [Permanent Account No.] |
AABCV6721B |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Supplier of Ultra-High Vacuum Equipment
and Components. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 138000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated during the year 2002.
It has satisfactory track record. The company possesses strong business operations backed by decent
sales turnover and achieved a handsome profitability margin i.e.13.2%. Further, the company has healthy financial risk profile marked by its
strong net worth position and low borrowing taken by the company. It has good
leverage profile. Trade relations are reported as fair. Business is active. Payments
terms are reported as usually correct. In view of healthy financial risk profile, 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 DECLINED
MANAGEMENT NON-COOPERATIVE
(Contact No: 91-80-41748063)
LOCATIONS
|
Registered/ Corporate Office : |
36/A, First Floor, AGS Layout, S R Nagar, Bangalore-560054, Karnataka,
India |
|
Tel. No.: |
91-80-41748063/ 23603253 |
|
Fax No.: |
91-80-23605664 |
|
E-Mail : |
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|
Website : |
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Branch Offices : |
Located at : · Delhi · Kolkata · Mumbai · Hyderabad · Bangalore |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Krishna Nishanth Gogineni |
|
Designation : |
Managing director |
|
Address : |
3-28-18/22, 3rd Line, 1st Cross, Brindavan Gardens,
Guntur-522006, Andhra Pradesh, India |
|
Date of Birth/Age : |
15.03.2010 |
|
Date of Appointment : |
15.03.2010 |
|
DIN No.: |
03028239 |
|
|
|
|
Name : |
Mr. Yadlapati Krishna Kumari |
|
Designation : |
Director |
|
Address : |
No 36 'A', A.G.S. Layout, M.S.R.Nagar., Bangalore-560054,
Karnataka, India |
|
Date of Birth/Age : |
02.09.1956 |
|
Date of Appointment : |
24.08.2006 |
|
DIN No.: |
01674480 |
|
|
|
|
Name : |
Ms. Saritha Yadlapati |
|
Designation : |
Director |
|
Address : |
No 36 A, Krishna, MSR Nagar, AGS Layout, Bangalore-560054,
Karnataka, India |
|
Date of Birth/Age : |
03.09.1978 |
|
Date of Appointment : |
16.07.2002 |
|
DIN No.: |
01868633 |
|
|
|
|
Name : |
Mr. Yadlapati Rangarao |
|
Designation : |
Director |
|
Address : |
No 10 ,AGS Layout, MSR Nagar, Bangalore-560054, Karnataka,
India |
|
Date of Birth/Age : |
01.01.1952 |
|
Date of Appointment : |
15.03.2010 |
|
DIN No.: |
01653809 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Saritha Yadlapati |
12680 |
36.23 |
|
Krishna Nishanth Gogineni |
7100 |
20.29 |
|
Yadlapati Krishna Kumari |
15220 |
43.49 |
|
Total |
35000 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Ultra-High Vacuum Equipment
and Components. |
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|
|
|
Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
·
State Bank of India Dollar
Colony Branch, Dollar Colony, Bangalore - 560054, Karnataka, India |
||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
M. S. Srinath Chartered Accountant |
|
Address : |
No.63 Behind Lankesh Patrike E.A.T Street, Basavanagudi,
Bangalore-560004, Karnataka, India |
|
Tel. No.: |
91-80-26619594 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
ADOPS5521K |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000 |
Equity Shares |
Rs. 100/- each |
Rs. 3.500
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 |
3.500 |
3.500 |
3.500 |
|
(b) Reserves & Surplus |
44.657 |
38.434 |
31.573 |
|
(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) |
48.157 |
41.934 |
35.073 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1.156 |
3.695 |
1.714 |
|
(b)
Trade payables |
0.000 |
0.000 |
0.000 |
|
(c)
Other current liabilities |
4.412 |
5.913 |
8.339 |
|
(d)
Short-term provisions |
8.107 |
6.474 |
7.748 |
|
Total
Current Liabilities (4) |
13.675 |
16.082 |
17.801 |
|
|
|
|
|
|
TOTAL |
61.832 |
58.016 |
52.874 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
25.437 |
24.589 |
20.739 |
|
(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 |
0.007 |
0.007 |
0.007 |
|
(c) Deferred tax assets
(net) |
0.755 |
0.620 |
0.604 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
26.199 |
25.216 |
21.350 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1.609 |
2.461 |
2.263 |
|
(c)
Trade receivables |
11.554 |
11.830 |
9.731 |
|
(d)
Cash and cash equivalents |
2.925 |
0.890 |
2.361 |
|
(e)
Short-term loans and advances |
19.545 |
17.619 |
17.169 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
35.633 |
32.800 |
31.524 |
|
|
|
|
|
|
TOTAL |
61.832 |
58.016 |
52.874 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
48.711 |
48.291 |
35.379 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
39.356 |
38.002 |
27.745 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.355 |
10.289 |
7.634 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.890 |
3.427 |
2.180 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.465 |
6.862 |
5.454 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
13.792 |
15.628 |
14.459 |
|
|
TOTAL EARNINGS |
13.792 |
15.628 |
14.459 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
184.71 |
196.06 |
155.83 |
|
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 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.32 |
17.93 |
14.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.25 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.02 |
0.09 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.61 |
2.04 |
1.77 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
3.500 |
3.500 |
3.500 |
|
Reserves & Surplus |
31.573 |
38.434 |
44.657 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
35.073 |
41.934 |
48.157 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1.714 |
3.695 |
1.156 |
|
Total
borrowings |
1.714 |
3.695 |
1.156 |
|
Debt/Equity
ratio |
0.049 |
0.088 |
0.024 |
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) |
|
Total Income |
35.379 |
48.291 |
48.711 |
|
|
|
36.496 |
0.870 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
35.379 |
48.291 |
48.711 |
|
Profit |
5.454 |
6.862 |
6.465 |
|
|
15.42% |
14.21% |
13.27% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90199847 |
03/03/2008 * |
16,700,000.00 |
STATE BANK OF INDIA |
DOLLAR COLONY BRANCH,
NO 61 AGS OFFICE LAYOUT NEW |
A40544595 |
|
2 |
90201042 |
10/08/2005 * |
10,000,000.00 |
STATE BANK OF INDIA |
DOLLAR COLONY; R.
M. V. II STAGE, NEW BEL ROAD, B |
- |
|
3 |
90199665 |
01/10/2003 |
200,000.00 |
STATE BANK OF INDIA |
DOLLAR COLONY RMV
II STAGGE NEW DEL ROAD, BANGALOR |
- |
|
4 |
90200862 |
01/10/2003 |
200,000.00 |
STATE BANK OF INDIA |
DOLLAR COLONY; R.
M. V. II STAGE, NEW BEL ROAD, B |
- |
* Date of charge modification
FINANCIAL
PERFORMANCE:
During the financial year, the company has achieved a turnover of Rs.
48.700 Million against a turnover of Rs. 48.300 Million for the same period in
the previous Financial Year. On the said turnover the Company has made a net
profit of Rs. 6.464 Million, which was at Rs. 6.861 Million previous year for
the same period.
FIXED ASSETS:
Tangible Assets
· Land
· Computer
· Vehicles
· Furniture
· Vehicles
· Office Equipment
· Plant and Machinery
· Peenya Building
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. 63.89 |
|
|
1 |
Rs. 99.10 |
|
Euro |
1 |
Rs. 70.12 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
IND |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
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 |
|
50 |
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.