MIRA
INFORM REPORT
|
Report No. : |
346123 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
STATCON ENERGIAA PRIVATE LIMITED (w.e.f. 26.12.2014) |
|
|
|
|
Formerly Known
As : |
TRIPORT ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
19 E, Pocket 2, Kondli Gharoli, Mayur Vihar Phase – III, |
|
Mobile No.: |
91-9871000429 (Mr. Kailash Gupta) |
|
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|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
26.07.1991 |
|
|
|
|
Com. Reg. No.: |
55-045130 |
|
|
|
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Capital
Investment / Paid-up Capital : |
Rs.8.239 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31100DL1991PTC045130 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer and Exporter of Power controlling equipments. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. As per information given by Mr. Kailash, C.F.O management has not
performed any business activity since 2011 till 2015, as they were involved
in the business of their associate company Statcon Power Control Limited.
Further, the company has started its business activities from March 2015. The rating is constrained on account of company’s weak operational
track record and low reserves position. Business is active. Payments are unknown. The company can be considered for business dealings on safe and secure
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
|
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Kailash Gupta |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-9871000429 |
|
Date : |
20.10.2015 |
LOCATIONS
|
Registered Office : |
19 E, Pocket 2, Kondli Gharoli, Mayur Vihar Phase – III, Delhi –
110096, India |
|
Tel. No.: |
91-11-26163700 |
|
Mobile No.: |
91-9871000429 (Mr. Kailash Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
800 sq. mtr. |
|
Location : |
Rented |
|
|
|
|
Factory : |
Kasra No. 509, B – Block, Chhijarssi Kulich Nagar, Pilukwa Hapur,
Uttar Pradesh, India |
|
Location : |
Rented |
|
|
|
|
Corporate Office : |
B – 18, Sector 63, Noida – 201307, Uttar Pradesh, India |
|
|
|
|
Head Office : |
701-702, R.G. Trade Tower, Netaji Subhash Place, Pitam Pura, New Delhi
– 110034, India |
|
|
|
|
Branch Office : |
145-146, Tower B-2, Spaze I –Tech Park, Sohna Road, Sector – 49, Sohna
Road, Gurgaon – 122102, Haryana, India |
|
Tel No.: |
91-124-4264510 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ajay Sharma |
|
Designation : |
Managing Director |
|
Address : |
A-112, Sector-55, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
01.07.1954 |
|
Date of Appointment : |
01.07.2002 |
|
DIN No.: |
00097536 |
|
|
|
|
Name : |
Mr. Budhi Behari Pandey |
|
Designation : |
Director |
|
Address : |
B-6-G, Delhi Police Appartment, Mayur Vihar Phase-I, New Delhi - 110091, Delhi, India |
|
Date of Birth/Age : |
06.07.1934 |
|
Date of Appointment : |
05.11.1996 |
|
DIN No.: |
01493825 |
|
|
|
|
Name : |
Mr. Sunita Pand |
|
Designation : |
Additional Director |
|
Address : |
B-6-G, Delhi Police Apartment, Mayur Vihar-1, Delhi - 110091, India |
|
Date of Appointment : |
04.03.2015 |
|
DIN No.: |
00097694 |
|
|
|
|
Name : |
Mr. Manoj Pande |
|
Designation : |
Managing Director |
|
Address : |
B-30, Sector-53, Noida - 201301, Uttar Pradesh, India |
|
Date of Appointment : |
05.08.2015 |
|
DIN No.: |
00076026 |
|
|
|
|
Name : |
Mr. Malkiat Singh |
|
Designation : |
Director |
|
Address : |
House No. 282-283, Ward No. 4, Village – darapur, Hoshiarpur, Punjab –
146001, India |
|
Date of Birth/Age : |
07.09.1935 |
|
Date of Appointment : |
01.07.2002 |
|
DIN No.: |
02548368 |
KEY EXECUTIVES
|
Name : |
Mr. Kailash Gupta |
|
Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Statcon Power Controls Limited, India |
82017 |
99.55 |
|
Manoj Pandey (Nominee of Statcon Power Controls Limited) |
120 |
0.15 |
|
Manmohan Singh Saini |
250 |
0.30 |
|
Total |
82387 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Power controlling equipments. |
|
|
|
|
Products : |
Battery Charger Battery Capacity Tester Battery Management System DC Power Plant Ground Power Unit (GPU) Integrated Power Supply (IPS) Solid State Load |
|
|
|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Countries : |
South Africa |
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Imports : |
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Countries : |
Singapore Italy Australia |
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Terms : |
|
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Selling : |
Cheque and Credit |
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|
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Purchasing : |
Cheque and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users · Indian Air Force · INDIAN OIL · Jaypee Group · Indian ARMY · AMCO · GAIL · IRCON · NTPC · Indian Navy · Metro Railway · ALSTROM · BHEL · POWER GRID |
||||||||||||||||||||||
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No. of Employees : |
50 (Approximately) |
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Bankers : |
Dena Bank, Okhla Industrial Estate, Okhla Phase – III, New Delhi –
110020, India |
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Auditors : |
|
|
Name : |
AAR and Associates Chartered Accountants |
|
Address : |
701-702, R.G. Trade Tower, Netaji Subhash Place, Pitam Pura, New Delhi
– 110034, India |
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Tel No.: |
91-11-47381100 / 08 / 05 |
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Fax No.: |
91-11-47381109 |
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Email Id: |
|
|
Website : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAPFA4079G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
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Associates/Subsidiaries : |
Statcon Power Control Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
82387 |
Equity Shares |
Rs.100/- each |
Rs.8.239
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 |
8.239 |
8.239 |
8.239 |
|
(b) Reserves & Surplus |
(0.967) |
(0.570) |
0.000 |
|
(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) |
7.272 |
7.669 |
8.239 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
1.815 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current liabilities |
0.034 |
0.143 |
0.127 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
0.034 |
0.143 |
1.942 |
|
|
|
|
|
|
TOTAL |
7.306 |
7.812 |
10.181 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.384 |
3.526 |
3.697 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.021 |
0.021 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3.384 |
3.547 |
3.718 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
2.878 |
2.878 |
6.078 |
|
(d) Cash and cash equivalents |
1.022 |
1.359 |
0.223 |
|
(e) Short-term loans and
advances |
0.022 |
0.028 |
0.162 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
3.922 |
4.265 |
6.463 |
|
|
|
|
|
|
TOTAL |
7.306 |
7.812 |
10.181 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
0.000 |
20.047 |
|
|
Other Income |
|
0.020 |
0.013 |
|
|
TOTAL
(A) |
0.097 |
0.020 |
20.060 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
16.085 |
|
|
Purchases of Stock-in-Trade |
|
|
0.160 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
|
|
1.310 |
|
|
Employees benefits expense |
|
0.004 |
2.666 |
|
|
Other expenses |
|
0.355 |
3.406 |
|
|
TOTAL
(B) |
0.494 (Including finance and depreciation expenses) |
0.359 |
23.627 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
|
(0.339) |
(3.567) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.060 |
0.625 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(0.399) |
(4.192) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.171 |
0.221 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(0.397) |
(0.570) |
(4.413) |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(0.397) |
(0.570) |
(4.413) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(4.82) |
(6.92) |
(53.57) |
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 |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(409.28) |
(2850.00) |
(22.01) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
(1695.00) |
(17.79) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.43) |
(7.30) |
(43.35) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05) |
(0.07) |
(0.54) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
115.35 |
29.83 |
3.33 |
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 |
8.239 |
8.239 |
8.239 |
|
Reserves & Surplus |
0.000 |
(0.570) |
(0.967) |
|
Net
worth |
8.239 |
7.669 |
7.272 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1.815 |
0.000 |
0.000 |
|
Total
borrowings |
1.815 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.220 |
0.000 |
0.000 |
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 |
20.047 |
0.020 |
0.097 |
|
|
|
(99.900) |
385.000 |
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 |
20.047 |
0.020 |
0.097 |
|
Profit |
(4.413) |
(0.570) |
(0.397) |
|
|
(22.01%) |
(2850.00%) |
(409.28%) |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90043895 |
04/02/2010 * |
8,000,000.00 |
DENA BANK |
OKHLA INDUSTRIAL ESTATE, OKHLA PHASE-IIII, NEW DELHI - 110020, INDIA |
A78972262 |
FIXED ASSETS
·
Land
·
Air Conditioner
·
Building
·
Computer
·
Furniture and Fixture
·
Generator Set
·
Office equipment
·
Plant and Machinery
·
Refrigerator
·
RO System
·
Testing Equipment
·
Motor Cycle
·
Water Cooler
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 records 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.64.81 |
|
|
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.73.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
13 |
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.