MIRA INFORM REPORT
|
Report No. : |
310758 |
|
Report Date : |
09.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
PATTON INTERNATIONAL LIMITED |
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|
|
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Registered
Office : |
3C, Camac Street, Kolkata – 700016, West Bengal |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
20.08.1990 |
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|
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Com. Reg. No.: |
21-049621 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.90.304 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U28931WB1990PLC049621 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALP04541F |
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PAN No.: [Permanent Account No.] |
AABCP7901M |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is
engaged into exporting of Industrial Fasteners, Builders Hardware, Conduit
and Cable fittings, Stamped and Tubular Products, whereas for domestic market
it deals in Plastic Water tanks, pipes, material handling containers under
its own brand name PATTON. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 9000000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate liquidity position and decent profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
ICRA |
|
Rating |
Fund based limit=AA- |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
July, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits=A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
July, 2014 |
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
31-03-2014.
LOCATIONS
|
Registered Office : |
3C, Camac Street, Kolkata – 700016, West Bengal, India |
|
Tel. No.: |
91-33-22294369 / 22260027 |
|
Fax No.: |
91-33-22265448 / 22172189 |
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E-Mail : |
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Website : |
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|
Factory : |
572, Garia Main Road, Garia, Kolkata – 700084, West Bengal, India |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Mr. Sanjay Budhia |
|
Designation : |
Managing Director |
|
Address : |
24,Ballygunge Circular Road, Kolkata - 700019, West Bengal, India |
|
Date of Birth/Age : |
26.04.1960 |
|
Date of Appointment : |
06.11.1993 |
|
DIN No.: |
00119611 |
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|
|
|
Name : |
Mr. Sunil Mitra |
|
Designation : |
Director |
|
Address : |
241, Shantipally, Kolkata - 700078, West Bengal, India |
|
Date of Birth/Age : |
24.06.1951 |
|
Date of Appointment : |
11.07.2012 |
|
DIN No.: |
00113473 |
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|
|
|
Name : |
Mr. Hari Prasad Budhia |
|
Designation : |
Whole-time Director |
|
Address : |
24,Ballygunge Circular Road, Kolkata - 700019, West Bengal, India |
|
Date of Birth/Age : |
18.11.1940 |
|
Date of Appointment : |
06.11.1993 |
|
DIN No.: |
00116730 |
|
|
|
|
Name : |
Mrs. Minu Budhia |
|
Designation : |
Director |
|
Address : |
24,Ballygunge Circular Road, Kolkata - 700019, West Bengal, India |
|
Date of Birth/Age : |
15.11.1965 |
|
Date of Appointment : |
24.02.2003 |
|
DIN No.: |
00119480 |
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|
|
|
Name : |
Mr. Krishnan Srinivasan |
|
Designation : |
Director |
|
Address : |
Flat No. 2A, 5, Nafar Kundu Road, Kolkata - 700026, West Bengal, India |
|
Date of Birth/Age : |
15.02.1937 |
|
Date of Appointment : |
01.01.2012 |
|
DIN No.: |
00767000 |
KEY EXECUTIVES
|
Name : |
Mr. Binod Kumar Maheshwari |
|
Designation : |
Secretary |
|
Address : |
S-7/21, Industrial Housing Estate, Sapuipara, Bally, Howrah - 711227,
West Bengal, India |
|
Date of Birth/Age : |
01.06.1968 |
|
Date of Appointment : |
28.07.2007 |
|
PAN No.: |
AEOPM2012E |
MAJOR SHAREHOLDERS
AS ON 27.09.2014
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2014
|
Category |
Percentage |
|
Bodies corporate |
0.45 |
|
Directors or relatives of Directors |
99.44 |
|
Other top fifty shareholders |
0.11 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged into exporting of Industrial Fasteners, Builders Hardware, Conduit and
Cable fittings, Stamped and Tubular Products, whereas for domestic market it
deals in Plastic Water tanks, pipes, material handling containers under its
own brand name PATTON. |
|
|
|
|
Products : |
·
Industrial Fasteners ·
Builders Hardware ·
Conduit ·
Cable Fittings ·
Stamped ·
Tubular Products ·
Plastic Water tanks ·
Pipes ·
Material Handling |
|
|
|
|
Brand Names : |
PATTON |
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|
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
State Bank of Mysore, Shakespeare Sarani Branch, 24 A, Parijat, Shakespeare Sarani, Kolkata – 700017, West Bengal, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Jain and Company Chartered Accountants |
|
Address : |
P21/22 Radha Bazar Street, Kolkata – 700001, West Bengal, India |
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PAN No.: |
AABFJ8074C |
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|
|
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Membership : |
-- |
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|
|
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Associates : |
· Patton developers Private Limited · Patton Estates Private Limited · Add Life Fitness and Spa Private Limited · Patton Securities Private Limited |
CAPITAL STRUCTURE
AS ON 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10500000 |
Equity Shares |
Rs.10/- each |
Rs.105.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9030406 |
Equity Shares |
Rs.10/- each |
Rs.90.304 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
90.304 |
90.304 |
90.304 |
|
(b) Reserves & Surplus |
3070.505 |
2919.631 |
2747.832 |
|
(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) |
3160.809 |
3009.935 |
2838.136 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
11.732 |
10.484 |
8.918 |
|
(c) Other long term
liabilities |
21.688 |
21.447 |
21.224 |
|
(d) long-term
provisions |
3.426 |
2.904 |
6.943 |
|
Total Non-current
Liabilities (3) |
36.846 |
34.835 |
37.085 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
160.489 |
119.462 |
51.506 |
|
(b) Trade
payables |
45.819 |
56.034 |
43.351 |
|
(c) Other current
liabilities |
102.564 |
149.684 |
99.271 |
|
(d) Short-term
provisions |
265.303 |
196.469 |
145.734 |
|
Total Current
Liabilities (4) |
574.175 |
521.649 |
339.862 |
|
|
|
|
|
|
TOTAL |
3771.830 |
3566.419 |
3215.083 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
564.046 |
553.016 |
496.927 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.025 |
1.179 |
2.302 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1017.109 |
1057.803 |
1153.422 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
84.238 |
|
(d) Long-term Loan and Advances |
55.877 |
50.241 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1637.057 |
1662.239 |
1736.889 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
244.195 |
226.776 |
249.349 |
|
(c) Trade
receivables |
764.134 |
595.165 |
526.349 |
|
(d) Cash
and cash equivalents |
724.733 |
750.709 |
411.672 |
|
(e)
Short-term loans and advances |
358.095 |
262.019 |
239.763 |
|
(f) Other
current assets |
43.616 |
69.511 |
51.061 |
|
Total Current
Assets |
2134.773 |
1904.180 |
1478.194 |
|
|
|
|
|
|
TOTAL |
3771.830 |
3566.419 |
3215.083 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
2342.201 |
2246.187 |
2262.359 |
|
|
|
|
Other Income |
181.962 |
133.729 |
117.398 |
|
|
|
|
TOTAL (A) |
2524.163 |
2379.916 |
2379.757 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
851.424 |
792.941 |
795.205 |
|
|
|
|
Purchase of Stock-in-trade |
2.704 |
168.400 |
357.273 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
5.928 |
9.007 |
13.250 |
|
|
|
|
Employee Benefits Expenses |
175.723 |
158.462 |
151.792 |
|
|
|
|
Other Expenses |
877.016 |
669.950 |
576.863 |
|
|
|
|
TOTAL (B) |
1912.795 |
1798.760 |
1894.383 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
611.368 |
581.156 |
485.374 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
7.297 |
66.135 |
87.879 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
604.071 |
515.021 |
397.495 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/ AMORTISATION (F) |
29.770 |
27.528 |
32.779 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
574.301 |
487.493 |
364.716 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
163.252 |
105.786 |
71.454 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
411.049 |
381.707 |
293.262 |
||
|
|
|
|
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||
|
|
EARNINGS IN
FOREIGN CURRENCY ON FOB |
1784.340 |
1559.602 |
1434.387 |
||
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|
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|
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||
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|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
54.337 |
55.977 |
56.928 |
|
|
|
|
Capital Goods |
4.450 |
4.480 |
8.019 |
|
|
|
TOTAL IMPORTS |
58.787 |
60.457 |
64.947 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
45.52 |
42.27 |
32.47 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
17.55 |
16.99 |
12.96 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
26.10 |
25.87 |
21.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
20.85 |
19.44 |
18.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.16 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.05 |
0.04 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.72 |
3.65 |
4.35 |
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 |
90.304 |
90.304 |
90.304 |
|
Reserves & Surplus |
2747.832 |
2919.631 |
3070.505 |
|
Net
worth |
2838.136 |
3009.935 |
3160.809 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
51.506 |
119.462 |
160.489 |
|
Total
borrowings |
51.506 |
119.462 |
160.489 |
|
Debt/Equity
ratio |
0.018 |
0.040 |
0.051 |
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 |
2262.359 |
2246.187 |
2342.201 |
|
|
|
(0.715) |
4.275 |
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
|
2262.359 |
2246.187 |
2342.201 |
|
Profit |
293.262 |
381.707 |
411.049 |
|
|
12.96% |
16.99% |
17.55% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONAL REVIEW
Subject achieved a total turnover of Rs.2383.600 Million as compared to the previous year turnover of Rs. 2291.600 Million. reflecting a growth of approx. 4.01%. Subject recorded Net Profit of Rs.411.000 Million for the year ended 31st March, 2014, being 7.68% higher than the net profit of Rs.381.700 Million. for the year ended 31st March, 2013.
Subject has witnessed constant growth over the past few years in its export business, which endorses its strong understanding of the product requirement of export market. Company has been relentlessly working on improving its product offering through constant research and development. The product basket offered for export market has improved over the years and many more products have already been launched during the year under review. The new design of the products has helped your Company to constantly increase its export market in spite of the overseas challenges.
During the year, the manufacturing facilities of subject have also been upgraded with introduction of new machineries, improved tooling and many more other initiatives to have a smooth production run and product up-gradation. Modernization of factories is an ongoing process in subject and the same shall continue in the future.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90247632 |
28/07/2010 * |
715,000,000.00 |
State Bank of Mysore |
Shakespeare Sarani Branch, 24A, Parijat, Shakespeare Sarani, Kolkata, West Bengal - 700017, India |
A91194001 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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.62.20 |
|
|
1 |
Rs.94.71 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
64 |
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.