MIRA INFORM REPORT
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Report No. : |
325462 |
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Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
COMP-TECH
EQUIPMENTS LIMITED |
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|
|
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Registered
Office : |
6, Ketan Industrial Estate, B/H Vijay Mills, Anil Starch Road,
Ahmedabad – 382345, Gujarat |
|
Tel. No.: |
91-79-22201261/ 22201296/ 22203202/
55253603 |
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|
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.12.2005 |
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Com. Reg. No.: |
04-047360 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
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CIN No.: [Company Identification
No.] |
U31909GJ2005PLC047360 |
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IEC No.: |
0806015179 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCC7305F |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of air and gas compressors and
provides total compressed air solution for various industries. |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 10000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a limited company established in the year 2005, having moderate
track record. In FY14, Company has recorded low profitability further it has
recorded high external borrowings with less cash in hand may impact its
liquid position. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for the business dealings with safe and
secure trade terms and conditions. Note: There seems difference in the profit amount in directors report
and schedules, for the calculations schedules profit has been taken. |
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
|
Name : |
Mr. Vinod Rathore |
|
Designation : |
Director |
|
Contact No.: |
91-9825039768 |
|
Date : |
01.06.2015 |
LOCATIONS
|
Registered Office / Factory : |
6, Ketan Industrial Estate, B/H Vijay Mills, Anil Starch
Road, Ahmedabad – 382345, Gujarat, India |
|
Tel. No.: |
91-79-22201261/ 22201296/ 22203202/
55253603 |
|
Mobile No.: |
91-9825039768 (Mr. Vinod Rathore) |
|
Fax No.: |
91-79-22203009 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Vinodsingh Narainsingh Rathore |
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|
Designation : |
Director |
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Address : |
92, Vikram Park, N-H 8, Opposite Bajrang Ashram N-H 8, Thakkar
Bapanagar, Ahmedabad – 382350, Gujarat, India |
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Date of Appointment : |
26.12.2005 |
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DIN No.: |
02256673 |
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Other Directorship :
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Name : |
Mr. Surendrasingh Naransing Rathore |
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Designation : |
Director |
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|
Address : |
Plot – 92, Vikram Park, Opposite Bajrang Ashram N-H 8, Thakkar
Bapanagar, Ahmedabad – 382350, Gujarat, India |
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|
Date of Appointment : |
26.12.2005 |
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DIN No.: |
02568051 |
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Other Directorship :
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Name : |
Pushpakanwar Vinodsingh Rathore |
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Designation : |
Director |
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|
Address : |
92, Vikram Park, Opposite Bajrang Ashram N-H 8, Thakkar Bapanagar,
Ahmedabad – 382350, Gujarat, India |
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Date of Appointment : |
26.12.2005 |
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DIN No.: |
02617671 |
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MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Vinodsingh Narainsingh Rathore |
20000 |
40.00 |
|
Surendrasingh Naransing Rathore |
5000 |
10.00 |
|
Pushpakanwar Vinodsingh Rathore |
5000 |
10.00 |
|
Govindkunwar Surendrasingh Rathore |
15000 |
30.00 |
|
Babusingh Bhagwatsingh Rajput |
2500 |
5.00 |
|
Kanish Vishansingh Gaur |
2500 |
5.00 |
|
Total |
50000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of air and gas compressors and
provides total compressed air solution for various industries. |
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Products : |
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|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Not Divulged |
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Countries : |
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Imports : |
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Products : |
Not Divulged |
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Countries : |
China |
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Terms : |
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Selling : |
Cheque and Credit (30/60/90 Days) |
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Purchasing : |
Cheque and Credit (30/60/90 Days) |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesaler and Retailer
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
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|
Name : |
Piyush J Shah and Company Chartered Accountants |
|
Address : |
504, Shikhar Building, Near Vadilal House, Mithakali Cross Road,
Navrangpura, Ahmedabad – 380009, Gujarat, India |
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Tel. No.: |
91-79-28400333/ 26403330 |
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E-Mail : |
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Website : |
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PAN No.: |
AANFP9676J |
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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 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 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 |
|
|
|
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|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.500 |
0.500 |
0.500 |
|
(b) Reserves &
Surplus |
3.351 |
2.855 |
2.183 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
1.500 |
1.500 |
1.500 |
|
Total Shareholders’ Funds
(1) + (2) |
5.351 |
4.855 |
4.183 |
|
|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
17.048 |
14.818 |
13.409 |
|
(b) Deferred tax
liabilities (Net) |
0.124 |
0.101 |
0.069 |
|
(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) |
17.172 |
14.919 |
13.478 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
17.633 |
17.579 |
21.083 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
0.360 |
0.326 |
0.318 |
|
Total Current Liabilities
(4) |
17.993 |
17.905 |
21.401 |
|
|
|
|
|
|
TOTAL |
40.516 |
37.679 |
39.062 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.081 |
1.074 |
1.087 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1.081 |
1.074 |
1.087 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
18.207 |
19.386 |
21.830 |
|
(c) Trade receivables |
10.967 |
13.837 |
13.057 |
|
(d) Cash and cash
equivalents |
0.785 |
0.101 |
0.210 |
|
(e) Short-term loans and
advances |
9.476 |
3.281 |
2.878 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
39.435 |
36.605 |
37.975 |
|
|
|
|
|
|
TOTAL |
40.516 |
37.679 |
39.062 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
63.733 |
63.309 |
63.865 |
|
|
Other Income |
0.965 |
0.456 |
0.959 |
|
|
TOTAL |
64.698 |
63.765 |
64.824 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
58.156 |
57.857 |
60.041 |
|
|
Employees benefits
expense |
0.970 |
0.622 |
0.555 |
|
|
Other expenses |
3.307 |
3 |
2.033 |
|
|
TOTAL |
62.433 |
61.479 |
62.629 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2.265 |
2.286 |
2.195 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.446 |
1.218 |
1.17 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
0.819 |
1.068 |
1.025 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.101 |
0.088 |
0.058 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.718 |
0.980 |
0.967 |
|
|
|
|
|
|
|
Less |
TAX |
0.221 |
0.308 |
0.308 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.497 |
0.672 |
0.659 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
2.854 |
2.182 |
1.523 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
3.351 |
2.854 |
2.182 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
NA |
14.138 |
|
|
TOTAL EARNINGS |
NA |
NA |
14.138 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
9.94 |
13.44 |
13.18 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
90.000 |
Expected Sales (2015-16): Rs.110.000 Million
The above information has been parted by Mr. Vinod Rathore (Director).
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 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.78 |
1.06 |
1.03 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
3.55 |
3.61 |
3.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.77 |
2.60 |
2.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.20 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.19 |
3.05 |
3.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.19 |
2.04 |
1.77 |
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 |
2.183 |
2.855 |
3.351 |
|
Share Application money
pending allotment |
1.500 |
1.500 |
1.500 |
|
Net worth |
4.183 |
4.855 |
5.351 |
|
|
|
|
|
|
long-term borrowings |
13.409 |
14.818 |
17.048 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
13.409 |
14.818 |
17.048 |
|
Debt/Equity ratio |
3.206 |
3.052 |
3.186 |
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) |
|
Revenue
from operations |
63.865 |
63.309 |
63.733 |
|
|
|
(0.871) |
0.670 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
63.865 |
63.309 |
63.733 |
|
Profit |
0.659 |
0.672 |
0.497 |
|
|
1.03% |
1.06% |
0.78% |
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 |
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
OPERATION
The company has achieved sales of Rs.63.733 Million as compared to
previous year’s figure of Rs.63.308 Million. The company expects to perform better
during the current year looking to the business on hand.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Rathore Compressor and Spares |
3.330 |
2.927 |
|
Vinodsingh N. Rathore |
0.390 |
0.260 |
|
Bhagwan Singhji |
0.045 |
0.045 |
|
Bhawar singh |
0.015 |
0.015 |
|
Dilipsingh R. Shekhawat |
0.015 |
0.015 |
|
Dushyantsingh V. Rathore |
2.076 |
0.503 |
|
Govind Kanwar |
0.021 |
0.021 |
|
Jai Singh Shekhawat |
0.014 |
0.014 |
|
Prabhu Singh Shekawat |
0.115 |
0.103 |
|
Prithvisingh |
0.007 |
0.007 |
|
Pushpa Kanwar V. Rathore |
0.000 |
0.005 |
|
Ram Singhji |
0.015 |
0.015 |
|
Rathore Procon Private Limited |
0.380 |
0.087 |
|
Santosh Kanwar |
0.004 |
0.004 |
|
Sarup Singji |
0.004 |
0.004 |
|
Shaktisingh R. Rathore |
0.021 |
0.020 |
|
Sushil Singhji |
0.007 |
0.007 |
|
Surendrasing N. Rathore (HUF) |
0.855 |
0.855 |
|
Vinodsingh N. Rathore (HUF) |
2.420 |
1.408 |
|
Vishan Singhji |
0.150 |
0.134 |
|
Total |
9.884 |
6.449 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10272400 |
10/10/2011 * |
11,100,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
301, DELTA PLAZA, 414, VEER SAVARKAR MARG, PRABHADEVI, MUMBAI, Maharashtra - 400025, INDIA |
B24065427 |
* Date of charge modification
FIXED ASSETS
- Computer
- Electrical
Installation
- Factory
Building
- Air
Conditioner
- Office
Furniture
- Machinery
Equipment’s
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.63.83 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Information Gathered
by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KIL |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.