MIRA INFORM REPORT
|
Report No. : |
342406 |
|
Report Date : |
24.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
PSP PROJECTS LIMITED (w.e.f. 20.07.2015) |
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Formerly Known
As : |
PSP PROJECTS PRIVATE LIMITED |
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Registered
Office : |
“PSP House”, Opp. Celesta Courtyard, Opp. Lane of Vikram Nagar Colony,
Lscon-Ambli Road, Ahmedabad –380054, Gujarat |
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Tel. No.: |
91-79-40065010 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.08.2008 |
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Com. Reg. No.: |
04-054868 |
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Capital
Investment / Paid-up Capital : |
Rs.8.000 Million |
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CIN No.: [Company Identification
No.] |
U45201GJ2008PLC054868 |
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IEC No.: |
0810022559 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMP06776A AHMP06529F |
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PAN No.: [Permanent Account No.] |
AAECP7961L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The subject is engaged primarily in a Single segment business of civil
construction. |
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated as a Private Limited company with the name of
“PSP Projects Private Limited” and recently on 10th July 2015, it
got converted into limited company. It is having satisfactory track. Rating takes into consideration sound financial risk profile of the
company marked by adequate net worth base and comfortable gearing in FY14. Management has reported slight decrease in its sales turnover and
profit, however it has maintained net profit margin of nearly 4.5%. Moreover,
the healthy cash accruals from its operations further strengthens the
liquidity profile. Rating also takes into consideration the risk involved in the nature
of real estate business along with liquidity crunch that the Indian
construction industry is facing at present. Trade relations are fair. Business is active. Payment terms are
reported to be slow and delayed. In view of sound financial condition, the company can be considered for
normal business dealings with 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.
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 : |
Ms. Hetal |
|
Designation : |
AGM Finance |
|
Contact No.: |
91-79-40065010 |
|
Date : |
24.09.2015 |
LOCATIONS
|
Registered Office : |
“PSP House”, Opp. Celesta Courtyard, Opp. Lane of Vikram Nagar Colony,
Lscon-Ambli Road, Ahmedabad –380054, Gujarat, India |
|
Tel. No.: |
91-79-40065010 / 40066020 |
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Fax No.: |
91-79-40067030 |
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E-Mail : |
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Website : |
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Administrative Office : |
92, Titanium, 9th Floor, Opposite Ashwaraj Bunglow, Near
Auda Garden, Prahladnagar, Satellite, Ahmedabad-380015, Gujarat, India |
DIRECTORS
As on 30.08.2014
|
Name : |
Mr. Prahladbhai Shivrambhai Patel |
|
Designation : |
Director |
|
Address : |
40/E, Santosa Park Society, Saraswati Darshan Society, Ambli Bopal
Road, Ahmedabad-380054, Gujarat, India |
|
Date of Birth/Age : |
06.01.1963 |
|
Date of Appointment : |
09.07.2015 |
|
DIN No.: |
00037633 |
|
|
|
|
Name : |
Ms. Shilpaben Prahladbhai Patel |
|
Designation : |
Director |
|
Address : |
40/E, Santosa Park Society, Saraswati Darshan Society, Ambli Bopal
Road, Ahmedabad-380054, Gujarat, India |
|
Date of Birth/Age : |
27.12.1966 |
|
Date of Appointment : |
26.08.2008 |
|
DIN No.: |
02261534 |
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|
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|
Name : |
Ms. Pooja Prahladbhai Patel |
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Designation : |
Additional director |
|
Address : |
"Shivam" 40-E, Santosha Park, Ambli-Bopal Road, B/h Hira Rupa Hall, Ahmedabad - 380058, Gujarat, India |
|
Date of Appointment : |
24.04.2015 |
|
DIN No.: |
07168083 |
|
|
|
|
Name : |
Mr. Sagar Prahladbhai Patel |
|
Designation : |
Additional director |
|
Address : |
"Shivam" 40-E, Santosha Park, Ambli-Bopal Road, B/h Hira Rupa Hall, Ahmedabad - 380058, Gujarat, India |
|
Date of Appointment : |
24.04.2015 |
|
DIN No.: |
07168126 |
KEY EXECUTIVES
|
Name : |
Ms. Hetal |
|
Designation : |
AGM Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.08.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Prahladbhai Shivrambhai Patel |
796000 |
99.50 |
|
Shilpaben Prahladbhai Patel |
4000 |
0.50 |
|
Total |
800000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.08.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is engaged primarily in a Single segment business of civil
construction. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Prakash B Sheth and Company Chartered Accountant |
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Address : |
212/213, Pratibhai I, Behind Sakar I, Opposite Gandhigram Railway
Station, Navrangpura, Ahmedabad-380009, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABIPS3433J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which
are owned, or have significant influence of or are
partners with Key management
personnel and their relatives : |
PSP Products Private Limited, India U74999GJ2009PTC055814 |
CAPITAL STRUCTURE
After 30.08.2014
Authorised Capital : Rs. 50.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 32.000
Million
As on 30.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
|
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
Rs.10/- each |
Rs.8.000
Million |
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|
|
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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 |
8.000 |
8.000 |
8.000 |
|
(b) Reserves & Surplus |
341.948 |
262.067 |
148.650 |
|
(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) |
349.948 |
270.067 |
156.650 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5.735 |
115.432 |
152.818 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
1.119 |
|
(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) |
5.735 |
115.432 |
153.937 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
245.331 |
17.634 |
88.777 |
|
(b) Trade payables |
400.568 |
355.773 |
207.250 |
|
(c) Other current liabilities |
337.505 |
243.321 |
330.764 |
|
(d) Short-term provisions |
18.839 |
9.475 |
0.000 |
|
Total
Current Liabilities (4) |
1002.243 |
626.203 |
626.791 |
|
|
|
|
|
|
TOTAL |
1357.926 |
1011.702 |
937.378 |
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
185.052 |
184.644 |
180.179 |
|
(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 |
8.002 |
5.141 |
25.895 |
|
(c) Deferred tax assets (net) |
1.363 |
0.004 |
0.000 |
|
(d) Long-term Loan and Advances |
18.579 |
18.361 |
5.545 |
|
(e) Other Non-current assets |
34.414 |
23.123 |
11.387 |
|
Total
Non-Current Assets |
247.410 |
231.273 |
223.006 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
82.698 |
29.782 |
1.000 |
|
(b) Inventories |
15.647 |
18.351 |
14.213 |
|
(c) Trade receivables |
132.469 |
125.994 |
208.649 |
|
(d) Cash and cash equivalents |
684.370 |
446.140 |
359.353 |
|
(e) Short-term loans and
advances |
168.254 |
139.549 |
118.764 |
|
(f) Other current assets |
27.078 |
20.613 |
12.393 |
|
Total
Current Assets |
1110.516 |
780.429 |
714.372 |
|
|
|
|
|
|
TOTAL |
1357.926 |
1011.702 |
937.378 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income FROM Operations |
2147.966 |
2609.690 |
1807.536 |
|
|
TOTAL
(A) |
2147.966 |
2609.690 |
1807.536 |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
1960.184 |
2389.099 |
1649.865 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
187.782 |
220.591 |
157.671 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
36.639 |
37.291 |
28.388 |
|
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|
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|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
151.143 |
183.300 |
129.283 |
|
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|
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|
Less |
TAX (H) |
52.543 |
60.523 |
42.320 |
|
|
|
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|
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|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
98.600 |
122.777 |
86.963 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
15.114 |
18.330 |
0.000 |
|
|
Dividend |
16.000 |
8.000 |
0.000 |
|
|
Tax on Dividend |
2.719 |
1.359 |
0.000 |
|
|
Total
(M) |
33.833 |
27.689 |
0.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
64.767 |
95.088 |
86.963 |
|
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IMPORTS |
|
|
|
|
|
Capital Goods |
8.859 |
6.827 |
7.121 |
|
|
TOTAL
IMPORTS |
8.859 |
6.827 |
7.121 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
123.25 |
153.47 |
108.70 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
2900.000 |
|
|
|
|
|
The above information has been parted by Ms. Hetal (AGM Finance)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
16.789 |
18.792 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
151.143 |
183.299 |
129.283 |
|
Net cash flow from operating activity |
151.143 |
183.299 |
129.283 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.59 |
4.70 |
4.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.21 |
18.21 |
14.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43 |
0.68 |
0.83 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.72 |
0.55 |
1.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.25 |
1.14 |
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 |
8.000 |
8.000 |
8.000 |
|
Reserves & Surplus |
148.650 |
262.067 |
341.948 |
|
Net
worth |
156.650 |
270.067 |
349.948 |
|
|
|
|
|
|
long-term borrowings |
152.818 |
115.432 |
5.735 |
|
Short term borrowings |
88.777 |
17.634 |
245.331 |
|
Total
borrowings |
260.387 |
149.855 |
251.066 |
|
Debt/Equity
ratio |
1.662 |
0.555 |
0.717 |
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 |
1807.536 |
2609.690 |
2147.966 |
|
|
|
44.378 |
(17.693) |
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 |
1807.536 |
2609.690 |
2147.966 |
|
Profit |
86.963 |
122.777 |
98.600 |
|
|
4.81% |
4.70% |
4.59% |
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
HIGH COURT OF GUJARAT SPAECIAL CIVIL APPLICATION No. 13655 of 2015 |
|
Status : PENDING (Converted from :
C/ST/13306/2015)
CCIN No.: 0010201201513655 Last Listing
Date: 21.09.2015 Coram HONOURABLE MR. JUSTICE
AKIL KURESHI ·
HONOURABLE MR. JUSTICE MOHINDER PAL |
|
S. No. Name of the Petitioner
Advocate On Record |
|
1 CUBE CONSTRUCTION
ENGINEERING LIMITED MS VIDHI J BHATT
for: Petitioner (s)-1 |
|
S. No. Name of the Petitioner
Advocate On Record 1 STATE OF
GUJARAT
GOVERNMENR PLEADER for: Respondent(s)-1 2 U N MEHTA
INSTITUTE OF CARDIOLOGY
MR PS CHARI for:
Respondent(s)-2 3 AND RESEARCH
CENTRE MR
NIRAV R MISHRA for: Respondent(s)-3 PSP PROJECTS
PRIVATE LIMITED |
|
Presented on :
21.08.2015 Registered on : 21.08.2015 Bench Category : - District
: AHMEDABAD Case Originated
From : THROUGH Listed : 3
times
HIS/HER/THEIR ADVOCATE Stage Name : NOTICE AND
ADJOURNED MATTERS |
|
Office Objection |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
101.970 |
|
Intercorporate deposits |
0.000 |
5.000 |
|
Short-term
borrowings |
|
|
|
Intercorporate deposits |
5.000 |
0.000 |
|
Loans and advances from directors |
7.796 |
0.000 |
|
Total |
12.796 |
106.970 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10539854 |
31/12/2014 |
152,700,000.00 |
TEH KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
Near Income Tax Char Rasta,, Ashram Road,, Ahmeda |
C38772885 |
|
2 |
10481876 |
19/02/2014 |
6,818,000.00 |
Axis Bank Limited |
RAC Ahmedabad, CV/ CE Department, 4th Floor, Shivalik Ishan, Nr. C. N.
Vidhyalaya, Ambawadi, AHMEDA |
B98225964 |
|
3 |
10284350 |
28/04/2011 |
3,500,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
ASHRAM ROAD, AHMEDABAD, Gujarat - 380009, INDIA |
B11804630 |
|
4 |
10277493 |
23/02/2011 |
1,950,000.00 |
The Kalupur Commercial Co-operative Bank Limited |
Near Income Tax Char Rasta, Ashram Road,, Ahmedabad, Gujarat - 380009,
INDIA |
B09263450 |
|
5 |
10165285 |
26/07/2014 * |
105,000,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
Near Income Tax Char Rasta,, Ashram Road,, Ahmedabad, Gujarat - 380009,
INDIA |
C14081244 |
FIXED ASSETS
· Buildings
· Office building
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Computer equipments
· Office Equipment
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.65.96 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
50 |
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.