MIRA INFORM REPORT
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Report No. : |
322030 |
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Report Date : |
18.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
POLY TOUGH TUBES
LIMITED |
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Registered
Office : |
New No.338, Thambu Chetty Street, Chennai – 600001, Tamil Nadu |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
22.06.1989 |
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Com. Reg. No.: |
18-017576 |
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Capital Investment
/ Paid-up Capital : |
Rs. 45.947 Million |
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CIN No.: [Company Identification
No.] |
U25111TN1989PLC017576 |
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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.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of PVC Pipes and PVC Doors. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B (29) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 36000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is established company with having moderate track record. As management failed to file the financials documents for the year ended
31.03.2014 to statutory authorities. And the documents are not been available
from any sources. As per previous financial record of 2013, management has witness a
better increase in its sales volume and has reported minimal profit, with
help of which the management is gradually wiping off its accumulated losses. Its net worth position on balance sheet got hampered due accumulated
losses therefor, it has reported moderate balance sheet profiles. However, trade relation are fair. Business is active and payments are
slow but correct. In a view of absence of latest financials information backed by
moderate balance sheet profile, the company can be considered for the
business dealing with some cautions. |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 DENIED BY
|
Name : |
Ms. Saraswati |
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Designation : |
Admin |
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Contact No.: |
91-44-25340816 |
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Date : |
12.05.2015 |
LOCATIONS
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Registered Office : |
New No.338, Thambu Chetty Street, Chennai – 600001, Tamilnadu, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Head Office 1 : |
Lotus Court New #338, 2nd Floor, Thambu Cheety Strret,
Chennai – 600001, Tamilnadu, India |
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Tel. No.: |
91-44-25341011 / 25340816 |
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Mobile No.: |
91-979103346 (Mr. Thanapin) |
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Fax No.: |
91-44-25342679 |
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E-Mail : |
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Head Office 2: |
1/68, Main Road, Irravathanailur, Madurai – 625009, Tamilnadu, India |
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Tel. No.: |
91-9381704647 |
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Factory 1 : |
204, Kolambakkam Village, NH – 45, Maduranthakam Taluk, Kanchipuram
District – 603306, Tamilnadu, India |
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Mobile No.: |
91-9344021075 |
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Factory 2 : |
Survey No.75/1, Kannusmay Gounder Street, Sanganoor, Coimbatore –
641027, Tamilnadu, India |
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Mobile No.: |
91-9380004747 (Ms. Saraswati) |
DIRECTORS
As on : 30.09.2013
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Name : |
Mr. Govind Vasanadu |
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Designation : |
Additional Director |
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Address : |
No. 77 Gilmohar Avenue, Guindy, Chennai – 600032, Tamilnadu, India |
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Date of Birth/Age : |
19.06.1974 |
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Date of Appointment : |
14.08.2008 |
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DIN No.: |
00839391 |
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Other Directorship : |
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Name : |
Mrs. V Nagaprasanna |
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Designation : |
Additional Director |
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Address : |
No. 77 Gilmohar Avenue, Guindy, Chennai – 600032, Tamilnadu, India |
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Date of Birth/Age : |
16.12.1979 |
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Date of Appointment : |
20.12.2012 |
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DIN No.: |
00839594 |
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Name : |
Mr. Mool Singh |
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Designation : |
Whole Time Director |
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Address : |
204 Chinna Kolambakkam, Madurantakam, Kancheepuram – 603311,
Tamilnadu, India |
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Date of Birth/Age : |
08.07.1968 |
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Date of Appointment : |
01.04.2008 |
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DIN No.: |
01603904 |
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Other Directorship : |
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KEY EXECUTIVES
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Name : |
Ms. Saraswati |
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Designation : |
Admin |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 31.03.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
V. Govind |
10568030 |
23.00 |
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V. Nirmala |
4384610 |
9.54 |
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V. Nagaprasana |
4459260 |
9.71 |
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Lotus Roofings Private Limited |
17665100 |
38.45 |
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Mycol Distributors Private Limited |
8870000 |
19.30 |
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Total |
45947000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Bodies corporate |
57.00 |
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Directors or relatives of Directors |
43.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of PVC Pipes and PVC Doors. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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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 : |
Not Available |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
99, 1st Floor, Ambai Athadayar Madam Street, Post Bag No.
113, Puducherry – 605001, Pondicherry, India |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
S. Ravi and Associates Chartered Accountants |
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Address : |
Flat # 2, II Floor, “Kamalani”, No.31, Old No. 16, CIT Colony, 1st
Main Road, Mylapore, Chennai – 600004, Tamilnadu, India |
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Tel. No.: |
91-44-24991120/24992846 |
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E-Mail : |
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PAN No.: |
ACVPR8474L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Party : |
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CAPITAL STRUCTURE
As on : 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
4594700 |
Equity Shares |
Rs.10/- each |
Rs. 45.947
Million |
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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 |
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(1)Shareholders' Funds |
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(a) Share Capital |
45.947 |
45.947 |
35.947 |
|
(b) Reserves & Surplus |
(33.221) |
(33.984) |
(34.593) |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
12.726 |
11.963 |
1.354 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
80.042 |
29.510 |
50.765 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term
liabilities |
0.542 |
0.542 |
0.542 |
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(d) long-term
provisions |
0.549 |
0.893 |
0.464 |
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Total Non-current
Liabilities (3) |
81.133 |
30.945 |
51.771 |
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(4)
Current Liabilities |
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|
(a) Short
term borrowings |
14.116 |
16.575 |
0.000 |
|
(b) Trade
payables |
63.334 |
19.629 |
10.333 |
|
(c) Other current
liabilities |
7.009 |
8.255 |
9.743 |
|
(d) Short-term
provisions |
0.273 |
0.360 |
0.275 |
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Total Current
Liabilities (4) |
84.732 |
44.819 |
20.351 |
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TOTAL |
178.591 |
87.727 |
73.476 |
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II.
ASSETS |
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(1) Non-current
assets |
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(a) Fixed
Assets |
|
|
|
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(i)
Tangible assets |
71.357 |
19.219 |
17.827 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
6.728 |
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) |
4.653 |
5.043 |
5.527 |
|
(d) Long-term Loan and Advances |
4.170 |
4.930 |
2.905 |
|
(e) Other Non-current
assets |
0.750 |
0.051 |
0.000 |
|
Total Non-Current
Assets |
80.930 |
35.971 |
26.259 |
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
38.106 |
24.581 |
23.898 |
|
(c) Trade
receivables |
39.493 |
22.738 |
20.699 |
|
(d) Cash
and cash equivalents |
12.398 |
0.915 |
0.775 |
|
(e)
Short-term loans and advances |
7.664 |
3.522 |
1.845 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
97.661 |
51.756 |
47.217 |
|
|
|
|
|
|
TOTAL |
178.591 |
87.727 |
73.476 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
335.906 |
195.923 |
189.705 |
|
|
|
Other Income |
0.848 |
4.539 |
1.699 |
|
|
|
TOTAL |
336.754 |
200.462 |
191.404 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
305.895 |
174.085 |
168.627 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(8.453) |
2.318 |
(1.398) |
|
|
|
Employees benefits expense |
3.809 |
3.920 |
3.852 |
|
|
|
Other expenses |
19.450 |
12.351 |
7.886 |
|
|
|
TOTAL |
320.701 |
192.674 |
178.967 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
16.053 |
7.788 |
12.437 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.913 |
6.225 |
7.843 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.140 |
1.563 |
4.594 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.713 |
4.745 |
3.371 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
1.427 |
(3.182) |
1.223 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.664 |
(3.791) |
(0.120) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
0.763 |
0.609 |
1.343 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.17 |
0.16 |
0.37 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.23 |
0.31 |
0.71 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
4.78 |
3.98 |
6.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.82 |
(4.19) |
1.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
(0.27) |
0.90 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
7.40 |
3.85 |
37.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.15 |
2.32 |
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 |
35.947 |
45.947 |
45.947 |
|
Reserves & Surplus |
(34.593) |
(33.984) |
(33.221) |
|
Net
worth |
1.354 |
11.963 |
12.726 |
|
|
|
|
|
|
long-term borrowings |
50.765 |
29.510 |
80.042 |
|
Short term borrowings |
0.000 |
16.575 |
14.116 |
|
Total
borrowings |
50.765 |
46.085 |
94.158 |
|
Debt/Equity
ratio |
37.493 |
3.852 |
7.399 |
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) |
|
Sales |
189.705 |
195.923 |
335.906 |
|
|
|
3.278 |
71.448 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
189.705 |
195.923 |
335.906 |
|
Profit |
1.343 |
0.609 |
0.763 |
|
|
0.71% |
0.31% |
0.23% |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE :
The registered address of the company has been
shifted from No. 846-A, Anna Salai, Purushottam Building, 1st Floor,
Chennai – 600002, Tamilnadu, India to the present address (w.e.f. 14.08.2008)
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10504013 |
25/03/2014 |
50,000,000.00 |
STANDARD CHARTERED BANK |
2ND FLOOR, NO.19, RAJAJI SALAI, CHENNAI, Tamil Nadu - 600001, INDIA |
C03754967 |
|
2 |
10451507 |
13/09/2013 |
12,300,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
99, I FLOOR, AMBALATHADAYAR MADAM STREET, POST B |
B85923746 |
|
3 |
10424225 |
24/09/2014 * |
44,600,000.00 |
Axis Bank Limited |
Ground Floor, Karumuthu Nilayam, No.192, Anna Salai, Chennai, Tamil
Nadu - 600002, INDIA |
C35805548 |
|
4 |
10393132 |
17/12/2012 |
5,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI) |
NO.99, 1ST FLOOR,, AMBALATHADAYAR MADAM STREET, P |
B64578503 |
|
5 |
10354843 |
09/05/2012 |
29,500,000.00 |
SMALL INDUSTRIES BANK OF INDIA (SIDBI) |
NO.99, 1ST FLOOR,, AMBALATHADAYAR MADAM STREET, PONDICHERRY,
Pondicherry - 605001, INDIA |
B39371356 |
|
6 |
10325793 |
22/12/2011 |
7,500,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI) |
NO.99, FIRST FLOOR, AMBALATHADAYAR MADAM STREET, |
B28863090 |
|
7 |
10284759 |
03/05/2011 |
2,600,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI) |
No.99, FIRST FLOOR,, AMBALATHADAYAR MADAM STREET, |
B12312849 |
|
8 |
10215017 |
20/04/2010 |
5,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
99, FIRST FLOOR,, AMBALATHADAYAR MADAM STREET, PUDUCHERRY, Pondicherry
- 605001, INDIA |
A83738021 |
|
9 |
10193713 |
17/12/2009 |
17,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
99, FIRST FLOOR, AMBALATHADAYAR MADAM STREET,, PUDUCHERRY, Pondicherry
- 605001, INDIA |
A76123686 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Lab Equipments
- Electrical Installation
- Generator
- Weighing Machine
- Vehicles
- Office Equipments
- Furniture and Fixtures
- Computers
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.100.64 |
|
Euro |
1 |
Rs.72.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
KSH |
|
|
|
|
Report Prepared
by : |
RNK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.