MIRA INFORM REPORT
|
Report No. : |
321838 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
EMT MEGATHERM PRIVATE LIMITED (w.e.f. 30.08.2007) |
|
|
|
|
Formerly Known
As : |
ENGEL |
|
|
|
|
Registered
Office : |
1, Taratala Road, Kolkata – 700088, West Bengal |
|
Tel. No.: |
91-33-24014234 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.07.1988 |
|
|
|
|
Com. Reg. No.: |
21-044800 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 59.071 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299WB1988SGC044800 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALE00678G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE6510C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in the business of
manufacturing and selling of Capital Equipments like Induction Melting and
Heating Equipments, Arc Melting Furnace, Ladle Refining Furnace, Continuous
Casting Machines, Transformers etc. and various parts therof which are
required by the Steel Making Industires, Foundry, Forging and Power sector.
The company also carries on business of repairs and contractors for servicing
and production, modification, reconstruction etc. of all types of Engineering
goods, equipments, plant and machineries. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be decent.
Profitability of the company is fair. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 |
CARE |
|
Rating |
Long term bank facilities: BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
09.12.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
09.12.2014 |
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.
INFORMATION DECLINED
MANAGEMENT NON – COOPERATIVE (91-33-24014234)
LOCATIONS
|
Registered Office/ Factory : |
1, Taratala Road, Kolkata – 700088, West Bengal, India |
|
Tel. No.: |
91-33-24014234/24014233/24019173/24016073 |
|
Fax No.: |
91-33-24014235/24016072/24013246 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot-L 1, Block GP, Sector V, Electronics Complex, |
|
Tel. No.: |
91-33-23577352/7745/7854 |
|
Fax No.: |
91-33-23577757 |
|
E-Mail : |
ales@megatherm.com |
DIRECTORS
As on 26.09.2014
|
Name : |
Mr. Shesadri Bhusan Chanda |
|
Designation : |
Managing Director |
|
Address : |
Udita, 03-04-02, 1050 1, |
|
Date of Birth/Age : |
21.08.1956 |
|
Date of Appointment : |
24.10.2005 |
|
DIN No. : |
00961593 |
|
|
|
|
Name : |
Mr. Gurpreet Kaur |
|
Designation : |
Director |
|
Address : |
“Brook Tower”, Flat No. 52C, Highland Park, Eastern Bye Pass, Kolkata
– 700094, West Bengal, India |
|
Date of Birth/Age : |
19.01.1961 |
|
Date of Appointment : |
24.10.2005 |
|
DIN No. : |
00963191 |
|
|
|
|
Name : |
Subrata Gupta |
|
Designation : |
Nominee Director |
|
Address : |
9, Superway Estate, 108/6, Manicktala Main Road, Kolkata – 700054,
West Bengal, India |
|
Date of Birth/Age : |
31.05.1965 |
|
Date of Appointment : |
11.06.2010 |
|
DIN No. : |
00139487 |
|
|
|
|
Name : |
Mr. Gautam Talukdar |
|
Designation : |
Director |
|
Address : |
Flat 4C2, Bay Tower 1925,
Highland Park, Chak Garia, Kolkata – 700094, West Bengal, Inda |
|
Date of Birth/Age : |
24.05.1957 |
|
Date of Appointment : |
24.10.2005 |
|
DIN No. : |
00658564 |
|
|
|
|
Name : |
Mr. Dinabandhu Bhattacharya |
|
Designation : |
Nominee Director |
|
Address : |
113, |
|
Date of Birth/Age : |
23.09.1957 |
|
Date of Appointment : |
24.10.2005 |
|
DIN No. : |
00729377 |
|
|
|
|
Name : |
Mr. Ayati Chanda |
|
Designation : |
Director |
|
Address : |
Udita, 0300402, 1050 1, Survey Park, Kolkata – 700075, West Bengal,
India |
|
Date of Birth/Age : |
06.03.1963 |
|
Date of Appointment : |
24.10.2005 |
|
DIN No. : |
00962425 |
|
|
|
|
Name : |
Mr. Vikas Varshneya |
|
Designation : |
Director |
|
Address : |
CL – 136, Sector – II, |
|
Date of Birth/Age : |
08.11.1966 |
|
Date of Appointment : |
12.08.2009 |
|
DIN No. : |
00963081 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Governor of West Bengal |
5868 |
9.93 |
|
Megatherm Electronics Private Limited – |
46340 |
78.45 |
|
Chanda Bhushan Shesadri |
1671 |
2.83 |
|
Kaur Gurpreet |
2505 |
4.24 |
|
Varshneya Vikash |
1670 |
2.83 |
|
Talukdar Gautam |
1017 |
1.72 |
|
Total |
59071 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2014
|
Category |
Percentage |
|
Government (Central and State) |
9.93 |
|
Bodies corporate |
78.45 |
|
Directors or relatives of Directors |
11.62 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the business of
manufacturing and selling of Capital Equipments like Induction Melting and
Heating Equipments, Arc Melting Furnace, Ladle Refining Furnace, Continuous
Casting Machines, Transformers etc. and various parts therof which are
required by the Steel Making Industires, Foundry, Forging and Power sector.
The company also carries on business of repairs and contractors for servicing
and production, modification, reconstruction etc. of all types of Engineering
goods, equipments, plant and machineries. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
C. Ghatak and Company Chartered Accountants |
|
Address : |
107, N.S.C. Bose Road, Sripal Apartment, Flat # Gb, Ground Floor, Kolkata-700040, West Bengal, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFC9771D |
|
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|
|
Memberships : |
-- |
|
|
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Collaborators : |
-- |
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Holding company: |
Megatherm Electronics Private Limited, India [U32109WB1989PTC047097] |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70000 |
Equity Shares |
Rs.1000/- each |
Rs. 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59071 |
Equity Shares |
Rs. 1000/- each |
Rs. 59.071
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 |
59.071 |
59.071 |
59.071 |
|
(b) Reserves & Surplus |
210.622 |
189.979 |
172.123 |
|
(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) |
269.693 |
249.050 |
231.194 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
93.124 |
90.438 |
62.938 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
3.231 |
6.286 |
4.786 |
|
Total
Non-current Liabilities (3) |
96.355 |
96.724 |
67.724 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
348.713 |
341.503 |
174.581 |
|
(b) Trade payables |
413.767 |
370.037 |
256.986 |
|
(c) Other current liabilities |
42.204 |
16.432 |
45.261 |
|
(d) Short-term provisions |
1.008 |
1.008 |
6.784 |
|
Total
Current Liabilities (4) |
805.692 |
728.980 |
483.612 |
|
|
|
|
|
|
TOTAL |
1171.740 |
1074.754 |
782.530 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
181.361 |
183.296 |
174.074 |
|
(ii) Intangible Assets |
2.552 |
4.869 |
2.678 |
|
(iii) Capital work-in-progress |
0.342 |
2.644 |
1.577 |
|
(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 |
7.760 |
7.598 |
7.942 |
|
(e) Other Non-current assets |
2.551 |
6.108 |
7.207 |
|
Total
Non-Current Assets |
194.566 |
204.515 |
193.478 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
540.696 |
498.599 |
394.452 |
|
(c) Trade receivables |
332.789 |
289.225 |
142.429 |
|
(d) Cash and cash equivalents |
45.645 |
54.690 |
33.831 |
|
(e) Short-term loans and
advances |
52.356 |
23.415 |
14.645 |
|
(f) Other current assets |
5.688 |
4.310 |
3.695 |
|
Total
Current Assets |
977.174 |
870.239 |
589.052 |
|
|
|
|
|
|
TOTAL |
1171.740 |
1074.754 |
782.530 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
1079.830 |
1135.083 |
1033.703 |
|
|
|
|
|
|
|
Less |
EXPENSES |
1052.032 |
1109.628 |
995.791 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
27.798 |
25.455 |
37.912 |
|
|
|
|
|
|
|
Less |
TAX |
4.951 |
5.394 |
8.868 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
22.847 |
20.061 |
29.044 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
386.77 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.37 |
2.37 |
4.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.10 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.64 |
1.73 |
1.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.19 |
1.22 |
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 |
59.071 |
59.071 |
59.071 |
|
Reserves & Surplus |
172.123 |
189.979 |
210.622 |
|
Net
worth |
231.194 |
249.050 |
269.693 |
|
|
|
|
|
|
long-term borrowings |
62.938 |
90.438 |
93.124 |
|
Short term borrowings |
174.581 |
341.503 |
348.713 |
|
Total
borrowings |
237.519 |
431.941 |
441.837 |
|
Debt/Equity
ratio |
1.027 |
1.734 |
1.638 |
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) |
|
Total Income |
1033.703 |
1135.083 |
1079.830 |
|
|
|
9.807 |
(4.868) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1033.703 |
1135.083 |
1079.830 |
|
Profit |
29.044 |
20.061 |
22.847 |
|
|
2.81% |
1.77% |
2.12% |
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 |
No |
BUSINESS PERFORMANCE
Despite all round recession in the economy, Company has succeeded in managing its revenue through aggressive marketing and sales plan.
Increase in bottom line is primarily due to high margin orders with relatively lesser material costs compared with last financial year. But higher Financing costs has marginally erroded profit for the year.
BUSINESS PROSPECTS
In the current financial year, Company has obtained good orders from Steel and Foundry Sectors and also some project orders. Management is determined and confident in revenue as well as operating profit growth in this fiscal year and expected to progress satisfactorily.
GENERAL INFORMATION
Subject is primarily engaged in the business of manufacturing and selling of Capital Equipments like Induction Melting and Heating Equipments, Arc Melting Furnace, Ladle Refining Furnace, Continuous Casting Machines, Transformers etc. and various parts therof which are required by the Steel Making Industires, Foundry, Forging and Power sector. The company also carries on business of repairs and contractors for servicing and production, modification, reconstruction etc. of all types of Engineering goods, equipments, plant and machineries. The Company has manufacturing plants in Kolkata and Howrah and sells primarily in Domestic Markets. The Company is a Private Limited Company and a Subsidiary to Megatherm Electronics Private Limited.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loans |
71.500 |
67.500 |
|
Borrowing from government semi-government bodies |
21.624 |
21.624 |
|
Total |
93.124 |
89.124 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10215606 |
21/02/2015 * |
700,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
C46558664 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Contingent liabilities in respect of : |
|
|
|
Guarantees given by Banks |
49.863 |
49.863 |
|
Letter of Credit given by Banks |
120.756 |
120.756 |
|
Claims against the Company not acknowledged as debts |
|
|
|
Income Tax Matters |
|
|
|
Excise Duty Matters |
12.918 |
12.918 |
|
Sales Tax Matters |
15.590 |
15.590 |
|
ESI Demand under appeal |
1.677 |
1.677 |
|
Note: Counter claim of M/s. Inventa Technology Pvt. Ltd. for Rs. 120.000 Million against Company's claim of Rs. 60.000 Million towards wrong supply of an equipment by M/S. Inventa Tachnology Private Limited. violating all terms and conditions of the Contract has been pending in an arbitration proceeding has been considered as contingent since the Government of West Bengal has, in terms of the Joint Venture Agreement, undertaken to bear any liability that may arise in future in this regard. |
||
FIXED ASSETS
Tangible assets
- Land
- Buildings
- 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,
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.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
43 |
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.