MIRA INFORM REPORT
|
Report No. : |
321310 |
|
Report Date : |
15.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
INKARP INSTRUMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1-2-45, Street No. 2, Kakatiya Nagar Colony, Habsiguda, Hyderabad – 500007,
Telangana |
|
Tel. No.: |
91-40-27172293 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.08.2004 |
|
|
|
|
Com. Reg. No.: |
01-043966 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.100
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33112TG2004PTC043966 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDI01311C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI2728R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of equipments used by Pharmacy Companies. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 495000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Management of the company has failed to file its financials with the
government department for the FY 2014. The rating takes into consideration healthy networth position backed
by debt free balance sheet of the company during FY2013. However, the rating
also takes note of the unfavoourable gap between trade receivables and
payables of the company during FY 2013. Trade relations are fair. Business is active. Payments are reported to
be slow but correct. The company 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 – 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 |
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
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Ms. Santa |
|
Designation : |
Assistant Manager of Sales Support
|
|
Contact No.: |
91-40-27172293 |
|
Date : |
07.05.2015 |
LOCATIONS
|
Registered/ Corporate Office : |
1-2-45, Street No. 2, Kakatiya Nagar Colony, Habsiguda, Hyderabad –
500007, Telangana, India |
|
Tel. No.: |
91-40-27172293 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Offices : |
Located at: · Mohali · Ghaziabad · Ahmedabad · Pune · Mumbai · Madhya Pradesh · Bangalore · Ernakulum · Trivandrum · Chennai · Vishakhapatnam · Bhubaneswar · Kolkata · Lucknow · Guwahati |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Balasubramanian Srinivasa |
|
Designation : |
Director |
|
Address : |
1-2-45 Street No. 1, Kakatiya Nagar Colony, Habsiguda, Hyderabad –
500007, Andhra Pradesh, India |
|
Date of Birth/Age : |
20.08.1942 |
|
Date of Appointment : |
24.08.2004 |
|
DIN No.: |
02204302 |
|
|
|
|
Name : |
Ms. Geetha Balasubramanian |
|
Designation : |
Director |
|
Address : |
H No.2-45/1, Street No. 2, Kakatiya Nagar Colony, Habsiguda, Hyderabad
– 500007, Andhra Pradesh, India |
|
Date of Birth/Age : |
28.06.1952 |
|
Date of Appointment : |
24.08.2004 |
|
DIN No.: |
03213066 |
|
|
|
|
Name : |
Mr. Natesh Krishnamurthy |
|
Designation : |
Director |
|
Address : |
Flat No. 102, 12-5-55/3, Sri Sai Galaxy Place, Vijaypuri Colony,
Secunderabad – 500017, Andhra Pradesh, India |
|
Date of Birth/Age : |
27.02.1961 |
|
Date of Appointment : |
24.08.2004 |
|
DIN No.: |
02085101 |
|
|
|
|
Name : |
Mr. Madhusudhan Mohan |
|
Designation : |
Director |
|
Address : |
Flat No. 205, 12-5-188/6B, Galaxy Residency, Vijayapuri, Tarnaka, Secunderabad
– 500017, Andhra Pradesh, India |
|
Date of Birth/Age : |
16.10.1971 |
|
Date of Appointment : |
24.08.2004 |
|
DIN No.: |
02080317 |
|
|
|
|
Name : |
Mr. Sreedhar Koora |
|
Designation : |
Director |
|
Address : |
12-5-109/1, Vijayapuri, Tarnaka, Secunderabad – 500017, Andhra
Pradesh, India |
|
Date of Birth/Age : |
24.12.1969 |
|
Date of Appointment : |
24.08.2004 |
|
DIN No.: |
01710839 |
|
|
|
|
Name : |
Mr. Srinivasa Reddy Muniyappa |
|
Designation : |
Director |
|
Address : |
503, 1A – Wing, C2 – Plot, NG Royal Park Apartment, Kanjur Marg
(East), Mumbai – 400042, Maharashtra, India |
|
Date of Birth/Age : |
25.04.1971 |
|
Date of Appointment : |
24.08.2004 |
|
DIN No.: |
03213095 |
|
|
|
|
Name : |
Mr. Malliga Gurumoorthy |
|
Designation : |
Director |
|
Address : |
No. 5A, Swaminathan Street, West Mambalam, Chennai – 600033,
Tamilnadu, India |
|
Date of Birth/Age : |
27.06.1953 |
|
Date of Appointment : |
24.08.2004 |
|
DIN No.: |
03225129 |
KEY EXECUTIVES
|
Name : |
Ms. Santa |
|
Designation : |
Assistant Manager of Sales Support
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Balasubramanian Srinivasan |
218400 |
24.00 |
|
Geetha
Balasubramanian |
127400 |
14.00 |
|
Natesh Krishnamurthy |
182000 |
20.00 |
|
Madhusudhan Mohan |
109200 |
12.00 |
|
Sreedhar Koora |
100100 |
11.00 |
|
Srinivasa Reddy Muniyappa |
91000 |
10.00 |
|
Malliga Gurumurthy |
81900 |
9.00 |
|
|
|
|
|
Total |
910000 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of equipments used by Pharmacy Companies. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
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 : |
Not Divulged |
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Bankers : |
· Axis Bank Limited Corporate Banking Branch, I Floor, G Pullareddy Building, 6-3-879/B, Greenlands, Begumpet Road, Hyderabad - 500016, Andhra Pradesh, India · Axis Bank Limited G-4, Welcome Court Complex, Opposite Railway Degree
College, Tarnaka, Secunderabad - 500017, Andhra Pradesh, India |
|||||||||||||||||||||
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|
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Facilities : |
|
|
Financial Institution : |
· Reliance Capital Limited "H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Ramanatham And Rao Chartered Accountants |
|
Address : |
P.B.No.2102, Flat No.302, Kala Mansion, S.D. Road, Secunderabad –
500003, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27814147/ 27849305 |
|
Fax No.: |
91-40-27840307 |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFR1623C |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
910,000 |
Equity Shares |
Rs. 10/- each |
Rs. 9.100
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 |
9.100 |
9.100 |
9.100 |
|
(b) Reserves & Surplus |
114.703 |
97.484 |
75.891 |
|
(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) |
123.803 |
106.584 |
84.991 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
21.607 |
6.032 |
8.721 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
21.607 |
6.032 |
8.721 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
29.686 |
27.472 |
33.717 |
|
(b)
Trade payables |
212.070 |
170.262 |
143.240 |
|
(c)
Other current liabilities |
11.032 |
0.868 |
0.543 |
|
(d)
Short-term provisions |
14.477 |
14.707 |
9.834 |
|
Total
Current Liabilities (4) |
267.265 |
213.309 |
187.334 |
|
|
|
|
|
|
TOTAL |
412.675 |
325.925 |
281.046 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
36.169 |
31.073 |
28.229 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
3.617 |
2.401 |
0.000 |
|
(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) |
4.759 |
4.801 |
0.267 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
44.545 |
38.275 |
28.496 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
175.397 |
132.320 |
105.070 |
|
(c)
Trade receivables |
117.807 |
103.684 |
102.627 |
|
(d)
Cash and cash equivalents |
15.088 |
8.915 |
7.260 |
|
(e)
Short-term loans and advances |
59.838 |
42.731 |
37.593 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
368.130 |
287.650 |
252.550 |
|
|
|
|
|
|
TOTAL |
412.675 |
325.925 |
281.046 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
507.052 |
359.617 |
320.177 |
|
|
|
Other Income |
|
119.593 |
98.906 |
|
|
|
TOTAL |
507.052 |
479.210 |
419.083 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
475.804 |
447.891 |
393.071 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
31.248 |
31.319 |
26.012 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.856 |
6.554 |
8.999 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
20.392 |
24.765 |
17.013 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.41 |
27.21 |
18.70 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.02
|
5.17 |
4.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.73 |
9.83 |
9.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.29 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.41 |
0.31 |
0.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.38 |
1.35 |
1.35 |
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 |
9.100 |
9.100 |
9.100 |
|
Reserves & Surplus |
75.891 |
97.484 |
114.703 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
84.991 |
106.584 |
123.803 |
|
|
|
|
|
|
long-term borrowings |
8.721 |
6.032 |
21.607 |
|
Short term borrowings |
33.717 |
27.472 |
29.686 |
|
Total borrowings |
42.438 |
33.504 |
51.293 |
|
Debt/Equity ratio |
0.499 |
0.314 |
0.414 |
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 |
419.083 |
479.210 |
507.052 |
|
|
|
14.347 |
5.810 |
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 |
419.083 |
479.210 |
507.052 |
|
Profit |
17.013 |
24.765 |
20.392 |
|
|
4.06% |
5.17% |
4.02% |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10418040 |
15/02/2013 |
10,000,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE
C |
B72673569 |
|
2 |
10203302 |
12/02/2010 |
40,000,000.00 |
AXIS BANK LIMITED |
5-2-183/184, 8751 (OLD), IIIRD FLOOR, R P ROAD, S |
A79865010 |
|
3 |
10186005 |
09/11/2009 |
4,000,000.00 |
AXIS BANK LIMITED |
CREDIT MANAGEMENT CENTRE, 5-2-183/184, 8751 (OLD) |
A73013401 |
|
4 |
80017228 |
13/01/2015 * |
152,700,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, I FLR, G PULLAREDDY BLDG |
C42765164 |
* Date of charge modification
CORPORATE
INFORMATION [AS ON 31.03.2013]
Subject is a private limited company domiciled in India and incorporated
under the provisions of the Companies Act, 1956. The company is engaged in
Trading of equipments used by pharmacy companies. The company caters to
domestic markets.
OPERATIONS [AS ON
31.03.2013]
The turnover of the Company has increased in terms of quantity and value
due to the fact that there is a good response in the domestic market. The
directors are taking all measures for growth and development in the Company’s
business.
FIXED ASSETS:
· Land
· Buildings
· Furniture and Fixture
· Plant and Machinery
· Office Equipments
·
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. 63.84 |
|
|
1 |
Rs. 100.65 |
|
Euro |
1 |
Rs. 72.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.