MIRA INFORM REPORT
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Report No. : |
325237 |
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Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
TONI INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
A-58, Wazirpur Industrial Area, New Delhi - 110052 |
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Tel. No.: |
91-11-27376895/27372233 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
17.03.1993 |
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Com. Reg. No.: |
052631 |
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Capital
Investment / Paid-up Capital : |
Rs.14.920 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1993PTC052631 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Supplier and Trader of zipper slider and all types of zippers. |
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No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
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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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Maximum Credit Limit : |
USD 302000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Subject was incorporated in 1993. Subject is a manufacturer, supplier and trader of zipper slider and all types of zippers. General financial position of the company seems to be fair. Rating
takes into consideration healthy networth and liquidity position of the
company. Trade relations are fair. Business is active. Payment terms are reported
to be usually correct. Subject 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 |
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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 |
Not Available |
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Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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. Jitender Mohan |
|
Designation : |
Director |
|
Contact No.: |
91-9810762926 |
|
Date : |
01.06.2015 |
LOCATIONS
|
Registered Office : |
A-58, Wazirpur Industrial Area, New Delhi - 110052 |
|
Tel. No.: |
91-11-27376895/27372233 / 27376842-43-44 |
|
Mobile No.: |
91-9810762926 (Mr. Jitender
Mohan) |
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Fax No.: |
91-11-27376839 |
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E-Mail : |
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Factory : |
Located At : Rewari, District Bawal, Haryana, India |
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Area : |
2900 Sq.mtr. |
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Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Jitander Mohan |
|
Designation : |
Director |
|
Address : |
B-1/40, Ashok Vihar, Phase – II, New Delhi – 110052, India |
|
Date of Birth/Age : |
24.10.1955 |
|
Date of Appointment : |
16.09.1996 |
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DIN No.: |
00257290 |
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|
|
|
Name : |
Vijay Sharda |
|
Designation : |
Director |
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Address : |
D-73, Hauz Khas, New Delhi - 110016, India |
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Date of Birth/Age : |
18.02.1955 |
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Date of Appointment : |
16.09.1996 |
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DIN No.: |
00930912 |
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|
|
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Name : |
Vinay Kumar Bhardwaj |
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Designation : |
Director |
|
Address : |
G-7/12, Sec.-15, Rohini, New Delhi - 110085, India |
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Date of Birth/Age : |
27.09.1964 |
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Date of Appointment : |
01.10.1999 |
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DIN No.: |
01321829 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajinder Sharma |
|
733000 |
|
Sanjeev Kalra |
|
738000 |
|
Sonal Kalra |
|
4000 |
|
Monisha Kalra |
|
4000 |
|
Dhruv Sharma |
|
4000 |
|
R. K. Sharma & Son (HUF) |
|
4000 |
|
Sanjeev Kalra & Son (HUF) |
|
4000 |
|
Kanika Sharma |
|
1000 |
|
Total |
|
1492000 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
50.00 |
|
Other top fifty shareholders |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Supplier and Trader of zipper slider and all types of zippers. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw material |
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Countries : |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Anupam and Associates Chartered Accountants |
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Address : |
1290/1, Hari Singh Nalwa Street, Karol Bagh, New Delhi -110005, India |
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Tel. No.: |
91-11-28751097 |
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Mobile No.: |
91-9810172362 |
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PAN No.: |
AACPA4439M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises
over which significant Relative of Key
Management Personnel |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,492,000 |
Equity Shares |
Rs.10/- each |
Rs.14.920 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 |
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|
|
|
(1)Shareholders' Funds |
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|
|
|
(a) Share Capital |
14.920 |
14.920 |
14.920 |
|
(b) Reserves &
Surplus |
90.858 |
87.928 |
86.638 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
105.778 |
102.848 |
101.558 |
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
71.000 |
17.838 |
29.676 |
|
(b) Deferred tax liabilities
(Net) |
1.188 |
0.996 |
1.514 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.008 |
1.510 |
0.000 |
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Total Non-current
Liabilities (3) |
73.196 |
20.344 |
31.190 |
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(4) Current Liabilities |
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|
|
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(a) Short term borrowings |
26.350 |
14.000 |
0.000 |
|
(b) Trade payables |
10.825 |
1.637 |
0.457 |
|
(c) Other current
liabilities |
7.655 |
7.015 |
7.888 |
|
(d) Short-term provisions |
0.836 |
0.368 |
0.299 |
|
Total Current Liabilities
(4) |
45.666 |
23.020 |
8.644 |
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|
|
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TOTAL |
224.640 |
146.212 |
141.392 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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|
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(i) Tangible assets |
85.812 |
80.655 |
80.952 |
|
(ii) Intangible Assets |
0.011 |
0.017 |
0.029 |
|
(iii) Capital
work-in-progress |
62.026 |
2.833 |
0.294 |
|
(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 |
15.132 |
16.637 |
18.412 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
162.981 |
100.142 |
99.687 |
|
|
|
|
|
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(2) Current assets |
|
|
|
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(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
21.455 |
19.120 |
19.393 |
|
(c) Trade receivables |
22.385 |
19.960 |
7.149 |
|
(d) Cash and cash
equivalents |
11.266 |
4.306 |
12.684 |
|
(e) Short-term loans and
advances |
6.277 |
2.359 |
2.050 |
|
(f) Other current assets |
0.276 |
0.325 |
0.429 |
|
Total Current Assets |
61.659 |
46.070 |
41.705 |
|
|
|
|
|
|
TOTAL |
224.640 |
146.212 |
141.392 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
220.918 |
206.086 |
163.588 |
|
|
Other Income |
0.994 |
0.303 |
2.548 |
|
|
TOTAL (A) |
221.912 |
206.389 |
166.136 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
121.845 |
108.062 |
|
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.977) |
(0.839) |
|
|
|
Employees benefits
expense |
8.804 |
8.314 |
|
|
|
Other expenses |
85.876 |
86.213 |
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|
|
TOTAL (B) |
214.548 |
201.750 |
163.747 [Including Financial and
depreciation expenses] |
|
|
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|
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|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
7.364 |
4.639 |
|
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|
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|
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|
Less |
FINANCIAL EXPENSES (D) |
0.337 |
0.060 |
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|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.027 |
4.579 |
|
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|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.632 |
2.590 |
NA |
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|
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|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
4.395 |
1.989 |
2.389 |
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Less |
TAX (H) |
1.465 |
0.699 |
0.750 |
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|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
2.930 |
1.290 |
1.639 |
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|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
24.648 |
23.358 |
21.719 |
|
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|
|
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Balance Carried to the
B/S |
27.578 |
24.648 |
23.358 |
|
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IMPORTS |
|
|
|
|
|
Raw Materials |
113.698 |
98.599 |
96.694 |
|
|
Other Expenses |
0.108 |
0.001 |
0.139 |
|
|
Capital Goods |
0.484 |
0.622 |
0.634 |
|
|
TOTAL IMPORTS |
114.290 |
99.222 |
97.467 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.96 |
0.86 |
1.10 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
250.000 |
|
|
|
|
|
Expected Sales ( 2015-2016 ) : Rs.300.000 Million.
The above information has been parted by Mr. Jitender Mohan (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 |
2.670 |
(9.082) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
1.33 |
0.63 |
1.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.33 |
2.25 |
NA |
|
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|
|
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.70 |
1.39 |
1.69 |
|
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|
|
|
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.02 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.92 |
0.31 |
0.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
2.00 |
4.82 |
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 |
14.920 |
14.920 |
14.920 |
|
Reserves & Surplus |
86.638 |
87.928 |
90.858 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
101.558 |
102.848 |
105.778 |
|
|
|
|
|
|
long-term borrowings |
29.676 |
17.838 |
71.000 |
|
Short term borrowings |
0.000 |
14.000 |
26.350 |
|
Total borrowings |
29.676 |
31.838 |
97.350 |
|
Debt/Equity ratio |
0.292 |
0.310 |
0.920 |
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 |
163.588 |
206.086 |
220.918 |
|
|
|
25.979 |
7.197 |
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 |
163.588 |
206.086 |
220.918 |
|
Profit |
1.639 |
1.290 |
2.930 |
|
|
1.00% |
0.63% |
1.33% |
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 |
--- |
|
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 |
Yes |
|
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 |
Yes |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from Body Corporates [Loan from Body Corporates are repayable on or after 30th September, 2015 and interest @ 6% p.a. are payable on yearly basis.] |
71.000 |
6.000 |
|
Short-term
borrowings |
|
|
|
Loans and advances from Related Parties [Interest free loan taken from the shareholders and relatives and repayable on demand] |
26.350 |
14.000 |
|
Total |
97.350 |
20.000 |
RESULTS OF OPERATIONS
The company achieved net sales of Rs.220.918 Million during FY 2013-14 as against the turnover of Rs.206.086 Million achieved in the last year, thereby registering an overall growth of 7.20%. The company has been consistently demonstrating its ability to gain its market share in the existing markets and also in capturing the new opportunities. The Profit before tax witnessed excellent rise from Rs.1.990 Million earned in the previous year to Rs. 4.395 Million earned in the present financial year. Similarly, the company’s net profit after tax increased to Rs. 2.930 Million in FY 2013-14 from Rs. 1.290 Million earned in the previous year.
GROWTH PLAN
Further, as already reported in earlier years, as a part of its growth strategy, the company had planned to invest and undertake expansion project by way of building up a new plant at Bawal, Haryana to cater increasing demand of our product. The proposed development is in line with the company’s model of project, with the objective of reducing expenditure and reaping the benefits of economies of scale while maintaining the high quality standards of the products being manufactured by the company.
They are pleased to bring to the notice that the company’s expansion plan at Bawal, Haryana is at full swing. They are making full strides in implementing the strategic growth and development initiatives as planned by the company. All the requisite sanctions are being obtained to provide company a sound infrastructure base. They anticipate that such geographic planned expansion would certainly leverage the Company with the emerging growth opportunities and other untapped opportunities, thereby leading to increase in its profitability levels and achieve its growth targets aimed at strengthening its leading position in the industry coupled with all out efforts as given in aforesaid paragraph.
The product of the company has been well accepted in the market and the company expects better turnover in the coming year.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10429762 |
08/05/2013 |
5,000,000.00 |
STATE BANK OF PATIALA |
SMECCC, 59,COMMUNITY CENTRE, NARAINA INDUSTRIAL A |
B76596717 |
FIXED ASSETS
Tangible Assets
- Land
- Air Conditioner
- Computer
- Plant & Machinery
- Vehicle
- Furniture & Fixture
- Office Machinery & Equipment
- Building
- Printer
- E.T.P.
- Electricity Installations
- UPS
Intangible Assets
- 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 records 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 : |
GYT |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.