MIRA INFORM REPORT
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Report No. : |
328917 |
|
Report Date : |
24.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
G.P.K. ENGINEERING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-22, Hit Niketan, Kokan Nagar, Bhandup (West),
Mumbai – 400 078, Maharashtra |
|
Tel. No.: |
91-22-25941044 |
|
|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2013 |
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|
|
Date of
Incorporation : |
10.10.2007 |
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Com. Reg. No.: |
11-174883 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74200MH2007PTC174883 |
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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.] |
AADCGO895R |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer of Track Shoes for Excavators. |
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|
|
No. of Employees
: |
Approximately 38 (In Office + In Factory) |
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 |
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is well-established company having moderate track record. Management of the company has failed to file its latest financial for the
year 2014 with the Government Department. As per available financial of 2013, external borrowing of the company
seems to be huge. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
|
Name : |
Mr. Chetan Padmanabha Kumar |
|
Designation : |
Director |
|
Contact No.: |
91-9870234111 |
|
Date : |
23.06.2015 |
LOCATIONS
|
Registered Office : |
C-22, Hit Niketan, Kokan Nagar, Bhandup (West), Mumbai
– 400 078, Maharashtra, India |
|
Tel. No.: |
91-22-25941044 |
|
Mobile No.: |
91-9870234111 (Mr. Chetan Padmanabha Kumar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Plot No.148, Indrayani Audyogik Sahakari Vashat Maryadit, Village -
Takve, Mawal, Pune – 412 106, Maharashtra, India |
|
Location : |
Owned |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Chetan Padmanabha Kumar |
|
Designation : |
Director |
|
Address : |
C-22, Hit Niketan, Kokan Nagar, Bhandup (West),
Mumbai – 400 078, Maharashtra, India |
|
Date of Birth/Age : |
09.04.1970 |
|
Date of Appointment : |
10.10.2007 |
|
DIN No.: |
01510682 |
|
|
|
|
Name : |
Mrs. Geeta Padmanabha Kumar |
|
Designation : |
Director |
|
Address : |
C-22, Hit Niketan, Kokan Nagar, Bhandup (West),
Mumbai – 400 078, Maharashtra, India |
|
Date of Birth/Age : |
23.03.1952 |
|
Date of Appointment : |
10.10.2007 |
|
DIN No.: |
01770226 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Chetan Padmanabha Kumar |
5000 |
50.00 |
|
Geeta Padmanabha Kumar |
5000 |
50.00 |
|
Total |
10000 |
100.00 |
AS ON 28.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Track Shoes for Excavators. |
|
|
|
|
Products : |
Track Shoes for Excavators |
|
|
|
|
Brand Names : |
Not Available |
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|
Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (60/ 90 days) |
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Purchasing : |
Cash and Credit (60/ 90 days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Approximately 38 (In Office + In Factory) |
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Bankers : |
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Facilities : |
Notes: LONG TERM
BORROWINGS Loans has been guaranteed by director or others
Term of
Repayment of Loan
Continue default
of repayment of Loans and interest
SHORT TERM
BORROWINGS Terms of
Borrowings The cash credit
facility is secured by hypothecation of stock and book debts and mortgage of
land.
Cash Credit Facility from bank has been guaranteed by the personal
guarantee of Mr. Deepak Tukaram Sawant and Mr. Muthunny Fazru Kaiyattil
The company does not have any continuing defaults in repayment of
loans and interest as at the reporting date. |
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Thar and Associates Chartered Accountants |
|
Address : |
10, Ambe Ashish, 32, Dariyasthan Street, Masjid Bunder, Mumbai – 400
003, Maharashtra, India |
|
Tel. No.: |
91-22-23450243/ 23450301 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAPT6229J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises owned or significantly influenced by and Fabricators key
management personnel or their relatives (As on 31.03.2013) : |
|
CAPITAL STRUCTURE
AS ON 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
0.618 |
0.451 |
0.329 |
|
(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) |
0.718 |
0.551 |
0.429 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
24.825 |
28.267 |
14.000 |
|
(b) Deferred tax liabilities (Net) |
0.072 |
0.042 |
0.029 |
|
(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) |
24.897 |
28.309 |
14.029 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
4.122 |
2.472 |
1.603 |
|
(b) Trade
payables |
6.142 |
1.391 |
0.624 |
|
(c) Other
current liabilities |
8.611 |
7.078 |
21.465 |
|
(d) Short-term provisions |
0.106 |
0.131 |
0.102 |
|
Total Current
Liabilities (4) |
18.981 |
11.072 |
23.794 |
|
|
|
|
|
|
TOTAL |
44.596 |
39.932 |
38.252 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
14.796 |
16.534 |
17.717 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
16.690 |
15.428 |
11.967 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.500 |
0.500 |
0.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.453 |
0.419 |
0.419 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
32.439 |
32.881 |
30.603 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.206 |
0.297 |
0.184 |
|
(c) Trade receivables |
9.651 |
3.187 |
2.785 |
|
(d) Cash
and cash equivalents |
0.113 |
1.657 |
1.324 |
|
(e)
Short-term loans and advances |
1.814 |
1.736 |
3.211 |
|
(f) Other
current assets |
0.373 |
0.174 |
0.145 |
|
Total
Current Assets |
12.157 |
7.051 |
7.649 |
|
|
|
|
|
|
TOTAL |
44.596 |
39.932 |
38.252 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations (Net) |
12.491 |
11.372 |
10.451 |
|
|
|
Other Income |
0.113 |
0.109 |
|
|
|
|
TOTAL (A) |
12.604 |
11.481 |
10.451 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase and Labour Charges |
6.341 |
|
6.560 |
|
|
|
Changes in inventories |
0.091 |
(0.113) |
|
|
|
|
Employee benefit expenses |
0.808 |
0.642 |
|
|
|
|
Administrative expenses |
1.488 |
6.338 |
|
|
|
|
TOTAL (B) |
8.728 |
7.331 |
6.560 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.876 |
4.150 |
3.891 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.914 |
2.051 |
1.601 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
1.962 |
2.099 |
2.290 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
1.739 |
1.943 |
2.012 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
0.223 |
0.156 |
0.278 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.055 |
0.035 |
0.063 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
0.168 |
0.121 |
0.215 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
0.450 |
0.329 |
0.114 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.618 |
0.450 |
0.329 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.77 |
12.12 |
NA |
|
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Sales Turnover (Approximately) |
|
33.000 |
20.000 |
|
|
|
|
|
Expected Sales (2015-2016): Rs.70.000 million
The above information has been parted by Mr. Chetan Padmanabha Kumar
(Director).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
7.649 |
6.261 |
21.465 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.34 |
1.06 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
31.03 |
36.49 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.81 |
0.65 |
1.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.28 |
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
50.97 |
67.15 |
86.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.64 |
0.64 |
0.32 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.329 |
0.451 |
0.618 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
0.429 |
0.551 |
0.718 |
|
|
|
|
|
|
Long-term borrowings |
14.000 |
28.267 |
24.825 |
|
Short term borrowings |
1.603 |
2.472 |
4.122 |
|
Current maturities of long-term debts |
21.465 |
6.261 |
7.649 |
|
Total borrowings |
37.068 |
37.000 |
36.596 |
|
Debt/Equity ratio |
86.406 |
67.151 |
50.969 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
10.451 |
11.481 |
12.604 |
|
|
|
9.856 |
9.781 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
10.451 |
11.481 |
12.604 |
|
Profit |
0.215 |
0.121 |
0.168 |
|
|
2.06% |
1.05% |
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 |
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 |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last five 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 |
UNSECURED LOAN
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
|
|
|
Loans from Directors/Relatives unsecured |
15.000 |
15.000 |
|
Total |
15.000 |
15.000 |
INDEX
OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10444273 |
16/07/2013 |
21,000,000.00 |
ABHYUDAYA CO-OPERATIVE
BANK LIMITED |
ADMINISTRATIVE OFFICE, K.K.
TOWER, ABHYUDAYA BANK, LANE, OFF G.D. AMBEKAR MARG, PAREL VILLAGE, MUMBAI –
400 012, MAHARASHTRA, INDIA |
B82690041 |
|
2 |
10115491 |
30/07/2013 * |
53,800,000.00 |
ABHYUDAYA CO-OPERATIVE
BANK LIMITED |
ADMINISTRATIVE OFFICE, K.K.
TOWER, ABHYUDAYA BANK, LANE, OFF G.D. AMBEKAR MARG, PAREL VILLAGE, MUMBAI –
400 012, MAHARASHTRA, INDIA |
B82682329 |
|
3 |
10113341 |
16/07/2013 * |
7,000,000.00 |
ABHYUDAYA CO-OPERATIVE
BANK LIMITED |
ADMINISTRATIVE OFFICE, K.K.
TOWER, ABHYUDAYA BANK, LANE, OFF G.D. AMBEKAR MARG, PAREL VILLAGE, MUMBAI –
400 012, MAHARASHTRA, INDIA |
B82687898 |
|
4 |
10113343 |
17/06/2008 |
20,084,000.00 |
ABHYUDAYA CO-OPERATIVE
BANK LIMITED |
ADMINISTRATIVE OFFICE, K.K.
TOWER, ABHYUDAYA BANK, LANE, OFF G.D. AMBEKAR MARG, PAREL VILLAGE, MUMBAI –
400 012, MAHARASHTRA, INDIA |
A41493370 |
* Date of charge modification
FIXED ASSETS:
·
Building*
·
Plant and Machinery
·
Tools and Dies
·
Computers
·
Factory Equipment
·
Furniture and Fixtures
·
Office Equipment
·
Lease Land*
*Mortgaged to Bankers for the Term Loan for Other Fixed Assets and Cash
credit Facility availed by the Company.
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.63.64 |
|
UK Pound |
1 |
Rs.100.41 |
|
Euro |
1 |
Rs.71.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
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 |
|
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.