1. Summary Information
|
Country |
|
||
|
Company Name |
CAPARO MARUTI
LIMITED |
Principal Name 1 |
Mr. Angad Paul |
|
Status |
Good |
Principal Name 2 |
Mr. Uttam Bose |
|
Registration # |
55-58269 |
||
|
Street Address |
101-104, 1st
Floor, Naurang House, 21, Kasturba Gandhi Marg, New Delhi – 110001, Delhi,
India |
||
|
Established Date |
06.04.1994 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Automotive Parts |
|
# of employees |
-- |
Product Name 2 |
Sheet Metal Parts |
|
Paid up capital |
Rs.100,000,000/- |
Product Name 3 |
Fasteners. |
|
Shareholders |
Foreign holdings – 75.00 % Bodies corporate – 25.00% |
Banking |
Axis Bank |
|
Public Limited Corp. |
NO |
Business Period |
17 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(53) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary |
|
Caparo Engineering Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2009 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
544,672,000 |
Current Liabilities |
680,406,000 |
|
Inventories |
195,368,000 |
Long-term Liabilities |
298,502,000
|
|
Fixed Assets |
743,100,000 |
Other Liabilities |
0 |
|
Deferred Assets |
10,820,000 |
Total Liabilities |
978,908,000 |
|
Invest& other Assets |
111,570,000 |
Retained Earnings |
501,623,000 |
|
|
|
Net Worth |
626,622,000 |
|
Total Assets |
1,605,530,000 |
Total Liab. & Equity |
1,605,530,000 |
|
Total Assets (Previous Year) |
1,473,181,000 |
|
|
|
P/L Statement as of |
31.12.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
2,941,630,000 |
Net Profit |
156,960,000 |
|
Sales(Previous yr) |
2,536,237,000 |
Net Profit(Prev.yr) |
152,679,000 |
MIRA INFORM REPORT
|
|
|
|
Report Date : |
18.04.2011 |
Note :- Given address could not be confirmed
IDENTIFICATION DETAILS
|
Name : |
CAPARO MARUTI LIMITED |
|
|
|
|
Registered
Office : |
101-104, 1st Floor, Naurang House, 21, Kasturba Gandhi Marg,
New Delhi – 110001, Delhi |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2009 |
|
|
|
|
Date of
Incorporation : |
06.04.1994 |
|
|
|
|
Com. Reg. No.: |
55-58269 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1994PLC058269 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Automotive Parts, Sheet Metal Parts and
Fasteners. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a joint venture of Caparo Group of The company can be considered normal for good 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
101-104, 1st Floor, Naurang House, 21, Kasturba Gandhi
Marg, New Delhi – 110001, Delhi, India |
|
E-Mail : |
DIRECTORS
As on 30.06.2010
|
Name : |
Mr. Angad Paul |
|
Designation : |
Director |
|
Address : |
Penthouse, Ambika House, 9A, |
|
Date of Birth/Age : |
04.06.1970 |
|
Date of Appointment : |
06.04.1994 |
|
|
|
|
Name : |
Mr. Uttam Bose |
|
Designation : |
Director |
|
Address : |
B-127, Sector – 51, Noida – 201301, |
|
Date of Birth/Age : |
17.12.1961 |
|
Date of Appointment : |
22.12.2008 |
|
|
|
|
Name : |
Mr. Biswajit Ghosh |
|
Designation : |
Director |
|
Address : |
Flat No. 1148, Sector D, Pocket – 1, Vasant Kunj, |
|
Date of Birth/Age : |
11.09.1958 |
|
Date of Appointment : |
28.05.2009 |
|
|
|
|
Name : |
Mr. Ravindra Dayal |
|
Designation : |
Director |
|
Address : |
B-52, |
|
Date of Birth/Age : |
05.06.1952 |
|
Date of Appointment : |
17.03.2005 |
|
|
|
|
Name : |
Mr. Suneel Kumar Khanna |
|
Designation : |
Director |
|
Address : |
154-A, Pocket-A, Mayur Vihar – II, |
|
Date of Birth/Age : |
02.06.1957 |
|
Date of Appointment : |
19.12.2009 |
|
|
|
|
Name : |
Mr. Ambar Paul |
|
Designation : |
Director |
|
Address : |
Penthouse, Ambika House, 9A, |
|
Date of Birth/Age : |
20.12.1957 |
|
Date of Appointment : |
06.04.1994 |
|
|
|
|
Name : |
Ms. Sushma Berlia |
|
Designation : |
Director |
|
Address : |
S-361, |
|
Date of Birth/Age : |
02.11.1959 |
|
Date of Appointment : |
06.05.2005 |
KEY EXECUTIVES
|
Name : |
Mr. Gagan Preet Singh |
|
Designation : |
Secretary |
|
Address : |
976, First Floor, Dr. Mukherji Nagar, |
|
Date of Birth/Age : |
11.11.1975 |
|
Date of Appointment : |
16.06.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2010
|
Names of Shareholders |
|
No. of Shares |
|
Murli Dhar Jindal |
|
10 |
|
Kamla Jindal |
|
10 |
|
Rajiv Jindal |
|
10 |
|
Sonal Jindal |
|
10 |
|
Sanjiv Jindal |
|
10 |
|
Sarita Jindal |
|
10 |
|
Jawahar Lal Garg |
|
10 |
|
Caparo India Limited ( |
|
7499960 |
|
Maruti Suzuki India Limited ( |
|
2500000 |
|
Caparo Properties Limited ( |
|
10 |
|
Caparo Tea Company Limited ( |
|
10 |
|
Caparo (LTI) Limited ( |
|
10 |
|
Caparo Investments Limited ( |
|
10 |
|
Total |
|
10000070 |
As on 30.06.2010
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
75.00 |
|
Bodies corporate |
25.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Automotive Parts, Sheet Metal Parts and
Fasteners. |
GENERAL INFORMATION
|
Bankers : |
Axis Bank Limited, SG 21 and 22, DLF Galleria Shopping Complex, DLF
City, Phase IV, Gurgaon – 122001, Haryana, India |
|||||||||||||||||||||||||||||||||
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Facilities : |
Notes :
|
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|
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Banking Relations
: |
-- |
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Auditors : |
|
|||||||||||||||||||||||||||||||||
|
Name : |
Lodha and Company Chartered Accountant |
|||||||||||||||||||||||||||||||||
|
Address : |
12, Bhagat Singh Marg, |
|||||||||||||||||||||||||||||||||
|
Tel. No.: |
91-11-23710176 / 23710177 / 23364671 / 2414 |
|||||||||||||||||||||||||||||||||
|
Fax No.: |
91-11-23345168 / 23314309 |
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E-Mail : |
||||||||||||||||||||||||||||||||||
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|
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|
Holding Company : |
Caparo India Limited |
|||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||
|
Joint Venture : |
Maruti Suzuki India Limited |
|||||||||||||||||||||||||||||||||
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|
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|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on 30.06.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000070 |
Equity Shares |
Rs.10/- each |
Rs.100.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2009 |
31.12.2008 |
31.12.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
100.000 |
100.000 |
100.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Share Capital Suspense |
24.999 |
24.999 |
24.999 |
|
|
4] Reserves & Surplus |
501.623 |
356.362 |
203.683 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
626.622 |
481.361 |
328.682 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
248.502 |
370.329 |
399.660 |
|
|
2] Unsecured Loans |
50.000 |
50.000 |
50.000 |
|
|
TOTAL BORROWING |
298.502 |
420.329 |
449.660 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
5.634 |
8.665 |
|
|
|
|
|
|
|
|
TOTAL |
925.124 |
907.324 |
787.007 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
743.100 |
711.515 |
572.147 |
|
|
Capital work-in-progress |
60.459 |
109.235 |
128.726 |
|
|
|
|
|
|
|
|
INVESTMENT |
51.111 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
10.820 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
195.368
|
168.597 |
131.678 |
|
|
Sundry Debtors |
78.181
|
100.746 |
114.830 |
|
|
Cash & Bank Balances |
20.484
|
7.543 |
18.172 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
446.007
|
375.545 |
251.377 |
|
Total
Current Assets |
740.040
|
652.431 |
516.057 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
317.862
|
323.908 |
254.608 |
|
|
Provisions |
362.544
|
241.949 |
175.315 |
|
Total
Current Liabilities |
680.406
|
565.857 |
429.923 |
|
|
Net Current Assets |
59.634
|
86.574 |
86.134 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
925.124 |
907.324 |
787.007 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2009 |
31.12.2008 |
31.12.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2941.630 |
2536.237 |
1574.772 |
|
|
|
Other Income |
25.602 |
15.313 |
11.924 |
|
|
|
Accrued Conversion Charges |
0.014 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
2967.246 |
2551.550 |
1586.696 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase / (Decrease) in Stock |
6.574 |
(6.958) |
(16.194) |
|
|
|
Material and Manufacturing Expenses |
2308.624 |
1972.694 |
1261.088 |
|
|
|
Personnel Expenses |
80.728 |
75.379 |
50.396 |
|
|
|
Administrative and Other Expenses |
101.989 |
101.160 |
72.825 |
|
|
|
TOTAL (B) |
2497.915 |
2142.275 |
1368.115 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
469.331 |
409.275 |
218.581 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
52.017 |
39.283 |
31.367 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
417.314 |
369.992 |
187.214 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
171.529 |
130.200 |
92.851 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
245.785 |
239.792 |
94.363 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
88.825 |
87.113 |
34.743 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
156.960 |
152.679 |
59.620 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
353.762 |
201.083 |
141.463 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
10.000 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
1.699 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
499.023 |
353.762 |
201.083 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
10.049 |
67.650 |
54.644 |
|
|
TOTAL EARNINGS |
10.049 |
67.650 |
54.644 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
4.568 |
44.601 |
|
|
|
Stores & Spares |
4.007 |
0.745 |
0.000 |
|
|
TOTAL IMPORTS |
4.007 |
5.313 |
44.601 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.56 |
12.21 |
4.77 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2009 |
31.12.2008 |
31.12.2007 |
|
PAT / Total Income |
(%) |
5.29
|
5.98 |
3.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.36
|
9.45 |
5.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.57
|
17.58 |
8.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.50 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.56
|
2.05 |
2.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09
|
1.15 |
1.20 |
LOCAL AGENCY FURTHER INFORMATION
OPEARTIONS :
The
Company has earned total revenue of Rs. 2960.700 Millions during the year as
compared to the previous year's figure of Rs. 2558.500 Millions.
Profit
before tax during the year was Rs. 245.800
Millions and Profit after tax was Rs. 156.900 Millions as against Rs. 239.700 Millions and Rs.
152.600 Millions during the previous year, respectively.
PERFORMANCE
HIGHLIGHTS
New
Projects
The Company's expansion plan at Bawal for setting up new
press line and weld shop for supporting future models and ramp up of SWIFT and
DEZIRE of Maruti Suzuki India Limited (MSIL) was completed during the previous
year and is also operational now. The plant is dedicated and equipped to meet
the present and future demand of MSIL.
Quality
and Recognition
The Company has always remained committed to provide better
product quality by continuously upgrading and improving its quality system and
operational parameters. These efforts have reaped fruits in terms of customer recognition
and grant of bigger share in projects by MSIL in new vehicle programs of
Model-YR-9 (New Swift), Alto Minor.
The Company has driven several quality and efficiency
improvement programmes during the period and improved quality of its products
and succeeded in achieving the targets in terms of quality, timely delivery and
responsiveness towards customers.
The Company has also been awarded the Trophy for Best Yield
Improvement in the Annual Vendor Conference of MSIE.
Human
Resource Development
The objective of the Company is to develop synergy of
activities performed at various operational centers and to help to build a
culture of performance par excellence in order to meet the Business Target.
They cherish their values and each individual contributes in
maintaining the same. Their basic focus is to evolve an organizational
structure which enhances synergy of operations, enables assessment of Strategic
Business Units (SBU’s), clarity of roles and facilitation of faster response
time. Further, their effort is to create an environment of continuous learning,
creating opportunities for progressive growth and above all maintaining
harmonious industrial relations at all their locations.
Initiatives taken during the year to bring in the change
were aimed at:
- Competency
profiling through skill matrix and there by taking steps for skill
enhancement;
- Redefine
their social responsibility in the changing business scenario and device
strategies to meet them;
- All recruitrnents/hiring
are being made keeping in mind the organizational/cultural fit;
- Continuous
efforts are being made to improve the Integrated performance management
system.
Environment
The Company is always committed to contribute towards
Environmental Protection. During the year, the Company has taken several
measures for improvement of environment like optimizing raw material
consumption, improving disposal system for waste oil etc. Besides, the Company
is also maintaining a green belt to maintain balance in the ecosystem.
FORM 8 :
|
Corporate
identity number of the company |
U74899DL1994PLC058269 |
|
Name of the
company |
CAPARO MARUTI LIMITED |
|
Address of the
registered office or of the principal place of business in |
101-104, 1st Floor, Naurang House, 21, Kasturba Gandhi
Marg, New Delhi – 110001, Delhi, India |
|
This form is for |
Creation
of charge |
|
Type of charge |
Book Debts Movable property Others |
|
Particular of
charge holder |
Axis Bank Limited, SG 21 and 22, DLF Galleria Shopping Complex, DLF
City, Phase IV, Gurgaon – 122001, Haryana, India |
|
Nature of
instrument creating charge |
Composite
Hypothecation Deed (Current Assets, Movables, Plant and Machinery) dated
March 29, 2011 Sanction Letter dated March 25, 2011 |
|
Date of
instrument Creating the charge |
29.03.2011 |
|
Amount secured by
the charge |
Rs.150.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
: All inclusive
pricing of Base Rate plus 250 bps to be charged as: Coupon of Base Rate plus
235 bps i.e. 11.10% p.a. payable monthly at present. Terms of
repayment : Twelve equal
quarterly installments commencing after six months from the date of first disbursement Margin : 25% Extent and
operation of the charge : First pari-passu
charge over movable fixed assets. Second pari-passu
charge over the current assets. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
|
FIXED ASSETS :
- Building
- Plant and
Machinery
- Furniture and
Fixture
- Office
Equipments
- Data
Processing Equipment
- Motor Vehicle
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.44.52 |
|
|
1 |
Rs.72.71 |
|
Euro |
1 |
Rs.64.41 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
53 |
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.