MIRA INFORM REPORT
|
Report No. : |
322048 |
|
Report Date : |
23.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SPEC ENGINEERS AND CONSULTANT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2/86, W.H.S., Kirti Nagar, New Delhi-110015, Delhi |
|
Tel. No.: |
91-11-41420206 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
06.12.1996 |
|
|
|
|
Com. Reg. No.: |
55-083694 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.103 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210DL1996PTC083694 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELS11753A |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Designer of Plant and Machinery in the field of Vegetable
Oil Industry. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 31000 |
|
|
|
|
Status : |
Small Business |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small private limited company in its field. Its scale of
activities is limited. The company has recorded moderate increase in its sales and profit
during FY14. Total current assets of FY 14 is more than total current
liabilities of the same year and quick ratio is 1.44, which shows that
company has enough cash and liquid assets to cover its short term debt
obligations. Trade relations are fair. Business is active. Payments terms are
reported to be slow but correct. The company can be considered for small 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
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 PARTED BY
|
Name : |
Mr. Rajvinder |
|
Designation : |
Director |
|
Contact No.: |
91-9810080133 |
|
Date : |
11.05.2015 |
LOCATIONS
|
Registered Office : |
2/86, W.H.S., Kirti Nagar, New Delhi-110015, Delhi, India |
|
Tel. No.: |
91-11-41420206 |
|
Mobile No.: |
91-9810080133 (Mr. Rajvinder) |
|
Fax No.: |
91-11-25193715 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Prahladpur, New Delhi, India |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Rajvinder Singh Bhamrah |
|
Designation : |
Director |
|
Address : |
Flat No. 703, The Jhelum ACGHS, Plot No-8, Dwarka, New Delhi-110075,
Delhi, India |
|
Date of Birth/Age : |
12.02.1961 |
|
Date of Appointment : |
06.12.1996 |
|
DIN No.: |
01526537 |
|
Other Directorship: |
|
|
|
|
|
Name : |
Mr. Gopal Singh Bhamrah |
|
Designation : |
Director |
|
Address : |
Flat No. 703, The Jhelum ACGHS, Plot No-8, Sector-5, Dwarka, New
Delhi-110075, Delhi, India |
|
Date of Birth/Age : |
01.04.1933 |
|
Date of Appointment : |
06.12.1996 |
|
DIN No.: |
00502677 |
|
Other Directorship: |
|
|
|
|
|
Name : |
Mrs. Anita Bhamrah |
|
Designation : |
Director |
|
Address : |
Flat No. 703, The Jhelum ACGHS, Plot No-8, Sector-5, Dwarka, New
Delhi-110075, Delhi, India |
|
Date of Birth/Age : |
09.06.1963 |
|
Date of Appointment : |
01.04.2000 |
|
DIN No.: |
00502743 |
|
Other Directorship: |
|
KEY EXECUTIVES
|
Name : |
Sanjay Kumar |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Gopal Singh Bhamrah |
|
100 |
|
Rajvinder Singh Bharmrah |
|
9800 |
|
Anita Bhamrah |
|
200 |
|
Khushal Singh Bhamrah |
|
100 |
|
Raunaq Singh Bhamrah |
|
100 |
|
|
|
|
|
Total |
|
10300 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Designer of Plant and Machinery in the field of
Vegetable Oil Industry. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Cheque |
|
|
|
|
Purchasing : |
Cash and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
20 (Approximately) ) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Sunil Abbi and Associates Chartered Accountant |
|
Address : |
CC-93D, Shalimar Bagh, Delhi – 110088, India |
|
Tel. No.: |
91-11-27495415 |
|
Mobile No: |
91-9313118639 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACPA2368M |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10300 |
Equity Shares |
Rs.10/- each |
Rs. 0.103
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.103 |
0.103 |
0.101 |
|
(b) Reserves &
Surplus |
10.772 |
10.350 |
10.372 |
|
(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) |
10.875 |
10.453 |
10.473 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
6.630 |
5.578 |
6.004 |
|
(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) |
6.630 |
5.578 |
6.004 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2.956 |
4.529 |
4.885 |
|
(b) Trade payables |
7.551 |
12.027 |
14.628 |
|
(c) Other current
liabilities |
8.553 |
6.875 |
7.349 |
|
(d) Short-term provisions |
0.215 |
0.095 |
0.045 |
|
Total Current Liabilities
(4) |
19.275 |
23.526 |
26.907 |
|
|
|
|
|
|
TOTAL |
36.780 |
39.557 |
43.384 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.637 |
1.848 |
2.239 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
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) |
0.035 |
0.022 |
0.019 |
|
(d) Long-term Loan and Advances |
4.267 |
1.029 |
1.099 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
5.939 |
2.899 |
3.357 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3.052 |
8.643 |
13.608 |
|
(c) Trade receivables |
15.155 |
12.388 |
12.400 |
|
(d) Cash and cash
equivalents |
0.377 |
0.693 |
0.419 |
|
(e) Short-term loans and
advances |
0.285 |
1.432 |
0.248 |
|
(f) Other current assets |
11.972 |
13.502 |
13.352 |
|
Total Current Assets |
30.841 |
36.658 |
40.027 |
|
|
|
|
|
|
TOTAL |
36.780 |
39.557 |
43.384 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
42.363 |
15.019 |
12.339 |
|
|
Other Income |
12.882 |
10.285 |
4.628 |
|
|
TOTAL (A) |
55.245 |
25.304 |
16.967 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
33.149 |
13.059 |
|
|
|
Employees benefits expense |
9.200 |
6.023 |
|
|
|
Other expenses |
6.066 |
2.904 |
|
|
|
Direct Expenses |
4.549 |
1.200 |
|
|
|
TOTAL (B) |
52.964 |
23.186 |
NA |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (A-B) (C) |
2.281 |
2.118 |
||
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
1.289 |
1.435 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.992 |
0.683 |
NA |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
0.362 |
0.447 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
0.630 |
0.236 |
NA |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.203 |
0.095 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
0.427 |
0.141 |
(0.172) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Export Sale |
20.130 |
10.050 |
0.000 |
|
|
Consultancy Fees |
12.202 |
10.282 |
4.218 |
|
|
TOTAL EARNINGS |
32.332 |
20.332 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
41.46 |
13.69 |
17.02 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
200.000 |
The above information has been parted by Mr. Rajvinder Singh
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.01 |
0.94 |
(1.39) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.38 |
14.10 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.71 |
0.60 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.02 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.88 |
0.97 |
1.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.56 |
1.49 |
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 |
0.101 |
0.103 |
0.103 |
|
Reserves & Surplus |
10.372 |
10.350 |
10.772 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
10.473 |
10.453 |
10.875 |
|
|
|
|
|
|
long-term borrowings |
6.004 |
5.578 |
6.630 |
|
Short term borrowings |
4.885 |
4.529 |
2.956 |
|
Total borrowings |
10.889 |
10.107 |
9.586 |
|
Debt/Equity ratio |
1.040 |
0.967 |
0.881 |
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 |
12.339 |
15.019 |
42.363 |
|
|
|
21.720 |
182.063 |
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 |
12.339 |
15.019 |
42.363 |
|
Profit |
-0.172 |
0.141 |
0.427 |
|
|
-1.39% |
0.94% |
1.01% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long Term loans: |
|
|
|
Loan from
Directors |
|
|
|
Mr. Rajvinder Singh Bhamrah |
4.101 |
4.451 |
|
Mrs. Anita Bhamrah |
0.984 |
0.838 |
|
Loan from
Shareholder |
|
|
|
Raunaq Singh |
0.648 |
0.000 |
|
Khushal Bhamrah |
0.776 |
0.000 |
|
Total |
6.509 |
5.289 |
INDEX
OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10270988 |
16/07/2014 * |
7,000,000.00 |
PUNJAB AND SIND BANK |
Kirti Nagar Branch,
Delhi, Delhi - 110015, India |
C15649726 |
|
2 |
10210612 |
20/03/10 |
300,000.00 |
Punjab and Sind Bank |
Kirti Nagar Branch,
Delhi, Delhi - 110015, India |
A82530049 |
|
3 |
90056971 |
07/12/98 |
45,600.00 |
PUNJAB & SIND BANK |
KIRTI NAGAR, NEW DELHI,
Delhi - 110015, India |
- |
FIXED ASSETS:
- Car-Alto
- Car Verna
- Car Ritz
- Furniture and
Fixture
- Plant and
machinery
- Drill machine
- Computer
- Fax Machine
- Inverter/Stabiliser
- Pager
- Cooler
- EPBX Board
- Vol.
stabilizer
- Scooter
- Air
Conditioner
- Telephone
(Assets)
- Refrigerator
- Temp Shed
Scanner
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. 63.57 |
|
|
1 |
Rs. 99.67 |
|
Euro |
1 |
Rs. 70.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
THR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.