MIRA INFORM REPORT
|
Report No. : |
327838 |
|
Report Date : |
20.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
L & W CONSTRUCTION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8/3-1, Pentford Tower, Langford Road, Bangalore – 560025,
Karnataka |
|
Tel. No.: |
91-80-67996888 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.04.2006 |
|
|
|
|
Com. Reg. No.: |
08-039095 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.742.653 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201KA2006PTC039095 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRL02030A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCL1824B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged into construction of buildings, IT parks,
industrial complexes, Shopping mall and hotels. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
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 3500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Subject is a 100% subsidiary of Lee Kim Tah Woh Hup Pte Limited from Singapore and is engaged in construction business. LKTWH in turn is 50:50 joint venture company established by Lee Kim Tah Holdings Limited and Woh Hup (Pte) Limited, two of Singapore's oldest construction companies who have successfully completed projects in Singapore, Thailand, Malaysia, Indonesia, Myanmar, Middle East, Sri Lanka and Philippines. General financial position of the company seems to be fair. Subject has strong managerial and financial support from its parent company. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In the view of strong support from parent company and extensive experience of promoters, the 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
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 (GENERAL DETAILS)
|
Name : |
Mr. Madhu |
|
Designation : |
Accountant |
|
Contact No.: |
91-80-67996888 |
|
Date : |
18.06.2015 |
LOCATIONS
|
Registered Office : |
8/3-1, Pentford Tower, Langford Road, Bangalore – 560025,
Karnataka, India |
|
Tel. No.: |
91-80-67996888 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Corporate Office : |
No 801, Pride Hulkul, 8th Floor, No 116 Lalbagh Road, Bangalore –
560027, Karnataka, India |
|
|
|
|
Regional Office 1 : |
No. 14, 2nd Floor, OMR Rajiv Gandhi, Salai, Chennai –
60096, Tamilnadu, India |
|
|
|
|
Regional Office 2 : |
Swami Puram No. 106, 1st Floor, CTS – 2160, Sadashiv Peth,
Pune – 411030, Maharashtra, India |
|
|
|
|
Regional Office 3 : |
Suite No. 1, Door No. 1-58/5/A/3, 3rd Floor, Above Bank of
India, Gachibowli, Hyderabad – 500032, Telangana, India |
DIRECTORS
AS ON 22.08.2014
|
Name : |
Mr. Cheah Tiang Ann Edmund |
|
Designation : |
Director |
|
Address : |
66A, Jalan, Angin Laut, Singapore, 489266 |
|
Date of Birth/Age : |
26.08.1959 |
|
Date of Appointment : |
24.04.2006 |
|
DIN No.: |
01812825 |
|
|
|
|
Name : |
Mr. Yeo Boon Kw Ang |
|
Designation : |
Director |
|
Address : |
Apt Blk 415 Bedok North Avenue 2 #13-99, Singapore,
460415, Singapore |
|
Date of Birth/Age : |
07.04.1952 |
|
Date of Appointment : |
14.09.2007 |
|
DIN No.: |
01941754 |
|
|
|
|
Name : |
Mr. Yong Tiam Yoon |
|
Designation : |
Director |
|
Address : |
256 Holland Road, Singapore, 278605 |
|
Date of Birth/Age : |
25.04.1951 |
|
Date of Appointment : |
16.07.2009 |
|
DIN No.: |
02713370 |
|
|
|
|
Name : |
Mr. Asaithambi Manickam |
|
Designation : |
Director |
|
Address : |
B6-4 Oakyard Apartment Jayanagar, 9th Block 38th Cross
East End Main Road, Bangalore - 560069, Karnataka, India |
|
Date of Birth/Age : |
05.05.1972 |
|
Date of Appointment : |
01.02.2013 |
|
DIN No.: |
03541528 |
|
|
|
|
Name : |
Mr. Soon Teck Lee |
|
Designation : |
Director |
|
Address : |
46 Cheng Soon Garden, Singapore, 599822 |
|
Date of Birth/Age : |
20.10.1931 |
|
Date of Appointment : |
24.04.2006 |
|
DIN No.: |
03644268 |
|
|
|
|
Name : |
Mr. Kow Sim Bock |
|
Designation : |
05181045 |
|
Address : |
Apt Blk 802 Thomson Road #02-06, Singapore, 298187 |
|
Date of Birth/Age : |
21.03.1954 |
|
Date of Appointment : |
24.04.2006 |
|
DIN No.: |
05181045 |
|
|
|
|
Name : |
Mr. Jarrod Chi Nam Seah |
|
Designation : |
Alternate director |
|
Address : |
29 Amber Road #04-02, Singapore, 439942 |
|
Date of Birth/Age : |
20.07.1973 |
|
Date of Appointment : |
01.01.2013 |
|
DIN No.: |
06439381 |
KEY EXECUTIVES
|
Name : |
Mr. Madhu |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.08.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Lee Kim Tah-Who Hup Private Limited, India |
74265251 |
100.00 |
|
Total |
74265251 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 22.08.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into construction of buildings, IT parks,
industrial complexes, Shopping mall and hotels. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash 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 : |
1000 (Approximately) |
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Bankers : |
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Auditors : |
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|
Name : |
Vishnu Daya and Company Chartered Accountant |
|
Address : |
GF 7 and 3rd Floor, Karuna Complex, No. 337, Sampige Road, Malleswaram, Bangalore-560003, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFV5145P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding company: |
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Subsidiary company: |
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Other Related
party: |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs. 750.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
74265251 |
Equity Shares |
Rs.10/- each |
Rs. 742.653
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
742.653 |
30.957 |
30.957 |
|
(b) Reserves & Surplus |
465.750 |
(6.642) |
48.694 |
|
(c) Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
100.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1208.403 |
124.315 |
79.651 |
|
|
|
|
|
|
(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 |
0.600 |
0.600 |
0.000 |
|
(d) long-term provisions |
4.313 |
1.141 |
0.774 |
|
Total
Non-current Liabilities (3) |
4.913 |
1.741 |
0.774 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
346.930 |
79.466 |
42.131 |
|
(c) Other current liabilities |
1436.486 |
240.174 |
46.285 |
|
(d) Short-term provisions |
64.942 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
1848.358 |
319.640 |
88.416 |
|
|
|
|
|
|
TOTAL |
3061.674 |
445.696 |
168.841 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
125.912 |
25.230 |
11.499 |
|
(ii) Intangible Assets |
1.027 |
1.693 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
1.228 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.150 |
3.150 |
3.150 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
30.830 |
10.393 |
1.774 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
160.919 |
41.694 |
16.423 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1107.540 |
42.627 |
0.123 |
|
(c) Trade receivables |
400.164 |
26.836 |
103.478 |
|
(d) Cash and cash equivalents |
565.057 |
203.923 |
42.655 |
|
(e) Short-term loans and
advances |
27.741 |
92.516 |
3.261 |
|
(f) Other current assets |
800.253 |
38.100 |
2.901 |
|
Total
Current Assets |
2900.755 |
404.002 |
152.418 |
|
|
|
|
|
|
TOTAL |
3061.674 |
445.696 |
168.841 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.12.2012 |
31.12.2011 |
|
|
SALES |
|
|
|
|
|
Income |
3478.842 |
155.893 |
166.313 |
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
TOTAL
(A) |
3478.842 |
155.893 |
166.313 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Construction expenses |
2783.817 |
99.421 |
62.501 |
|
|
Changes in work-in-progress |
42.628 |
(42.505) |
(0.122) |
|
|
Employee benefits expense |
167.810 |
94.517 |
10.997 |
|
|
Other expenses |
177.231 |
43.765 |
24.481 |
|
|
TOTAL
(B) |
3171.486 |
195.198 |
97.857 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
307.356 |
(39.305) |
68.456 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
26.110 |
10.066 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
281.246 |
(49.371) |
68.456 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
67.702 |
3.023 |
1.207 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
213.544 |
(52.394) |
67.249 |
|
|
|
|
|
|
|
Less |
TAX (H) |
42.800 |
2.941 |
20.718 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
170.744 |
(55.335) |
46.531 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.30 |
NA |
NA |
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) |
(%) |
4.91 |
(35.50) |
27.98 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.84 |
(25.21) |
41.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.98 |
(11.87) |
40.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
(0.42) |
0.84 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.57 |
1.26 |
1.72 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
30.957 |
30.957 |
742.653 |
|
Reserves & Surplus |
48.694 |
(6.642) |
465.750 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
100.000 |
0.000 |
|
Net
worth |
79.651 |
124.315 |
1208.403 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
166.313 |
155.893 |
3478.842 |
|
|
|
(6.265) |
2,131.558 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
166.313 |
155.893 |
3478.842 |
|
Profit |
46.531 |
(55.335) |
170.744 |
|
|
27.98% |
(35.50%) |
4.91% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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 |
NOTE:
- Registered office of the company has been shifted from G F No. 7, Karuna Complex No. 337, Sampige Road, Malleswaram, Bangalore – 560003, Karnataka, India to the present address w.e.f. 15.08.2006
- INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
PERFORMANCE REVIEW:
The performance of the Company for the year ended March 31, 2014. The Company entered into construction agreement with associate Company, who is holding 30% of stake in the Company for the construction of project. The Company started the construction activities, and as on the reporting date the revenue is recognised as per AS 7 (based on % of completion of the work). The Directors are confident of improving the results in coming years.
CORPORATE INFORMATION
The Company is incorporated on April 24, 2006 in India. The Company is 100% subsidiary of Lee Kim Tah - Woh Hup Pte Limited a Joint Venture Company of Lee Kim Tah Limited and Woh Hup Pte Limited in Singapore. The Company started its operations in India as providing management consultancy services to construction industries and subsequently in line with the main objects, Company has embarked upon the business of executing construction contracts
FIXED ASSETS
Tangible assets
- Land
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
Intangible assets
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.82 |
|
UK Pound |
1 |
Rs.101.26 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
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.