1. Summary Information
|
|
|
Country |
|
|
Company Name |
MOBIS INDIA LIMITED |
Principal Name 1 |
Mr. Jae Ho Jeong |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Han Yongcheol |
|
|
|
Registration # |
18-056533 |
|
Street Address |
G-1-G4, |
||
|
Established Date |
06.06.2005 |
SIC Code |
-- |
|
Telephone# |
91-44-67101073 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-67101009 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Hyundai Car Components |
|
|
# of employees |
300 [Approximately] |
Product Name 2 |
-- |
|
Paid up capital |
Rs.2,420,648,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 100% |
Banking |
HDFC Bank
Limited State Bank of |
|
Public Limited Corp. |
No |
Business Period |
6 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba [49] |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
|
Hyundai Mobis Company Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
7,200,909,000 |
Current Liabilities |
5,891,960,000 |
|
Inventories |
1,991,232,000 |
Long-term Liabilities |
3,972,992,000 |
|
Fixed Assets |
5,611,729,000 |
Other Liabilities |
733,006,000 |
|
Deferred Assets |
0 |
Total Liabilities |
10,597,958,000 |
|
Invest& other Assets |
200,896,000 |
Retained Earnings |
1,885,766,000 |
|
|
|
Net Worth |
4,406,808,000 |
|
Total Assets |
15,004,766,000 |
Total Liab. & Equity |
15,004,766,000 |
|
Total Assets (Previous Year) |
|
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
31,106,272,000 |
Net Profit |
2,151,013,000 |
|
Sales(Previous yr) |
21,517,784,000 |
Net Profit(Prev.yr) |
(680,188,000) |
MIRA
INFORM REPORT
|
Report Date : |
07.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
MOBIS INDIA LIMITED |
|
|
|
|
Registered Office : |
G-1-G4, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Year of Establishment : |
06.06.2005 |
|
|
|
|
Com. Reg. No.: |
18-56533 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2420.648 millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U50300TN2005PLC056533 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CHEN07993G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAECM3018M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business : |
The company is engaged in the business of manufacture, supply,
sale, import and export of module parts and trading of after sales genuine
spare parts. |
|
|
|
|
No. of Employees
: |
300 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba [49] |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 17600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is subsidiary of Hyundai Mobis Company Limited, It is an established company having satisfactory track. Trade
relations are reported as fair. The company is progressing well. Payments are
reported to be usually correct and as per commitments. The company can be considered normal for 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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
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 : |
G-1-G4, |
|
Tel. No.: |
91-44-67101073 / 67101000 / 67101051 |
|
Fax No.: |
91-44-67101009 |
|
Email : |
|
|
Website : |
|
|
Area : |
Owned |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Jae Ho Jeong |
|
Designation : |
Director |
|
Address : |
Srinivasa House No.50 (Old NO.54), 1st Floor, 1st
|
|
Date of Birth/Age : |
19.10.1970 |
|
Date of Appointment : |
21.01.2010 |
|
DIN : |
02422303 |
|
|
|
|
Name : |
Mr. Han Yongcheol |
|
Designation : |
Additional Director |
|
Address : |
Des Whispering, Heights Newno.132, Old No.138, |
|
Date of Birth/Age : |
09.08.1964 |
|
Date of Appointment : |
25.01.2010 |
|
DIN : |
02932654 |
|
|
|
|
Name : |
Mr. Kim Soon Hwa |
|
Designation : |
Additional Director |
|
Address : |
Sam Sin Hyundai Apt. 106-503, 1461-3 Samsan-Dong, Nam-Gu Ulsan
Metropolitan, Ulsan Metropolitan - 680767 |
|
Date of Birth/Age : |
01.03.1951 |
|
Date of Appointment : |
24.02.2010 |
|
DIN : |
02971010 |
|
|
|
|
Name : |
Mr. Jong Ok Lee |
|
Designation : |
Managing Director |
|
Address : |
Flat No.6B, |
|
Date of Birth/Age : |
05.06.1957 |
|
Date of Appointment : |
01.01.2006 |
|
DIN : |
01072303 |
KEY EXECUTIVES
|
Name : |
Mr. Janakiraman N |
|
Designation : |
Secretary |
|
Address : |
2nd Floor, 21-24, Veidhyanadhan St. Shenoy Nagar, Chennai –
600030, Tamilnadu |
|
Date of Birth/Age : |
29.05.1984 |
|
Date of Appointment : |
21.01.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Hyundai Mobis Company Limited, |
|
2521036 |
|
Kim Chang Sik |
|
1 |
|
Han Yong Cheol |
|
1 |
|
Lee Sang Kug |
|
1 |
|
Jeong Jae Ho |
|
1 |
|
Yun Hee Seoung |
|
1 |
|
Jong Ok Lee |
|
1 |
|
Total |
|
2521042 |
As on 30.09.2010
|
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 |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacture,
supply, sale, import and export of module parts and trading of after sales
genuine spare parts. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS As on 31.03.2010
|
Particulars |
Unit |
Installed
Capacity* |
Actual
Production |
|
|
|
|
|
|
Module Components Parts – Front and Module, Cockpit Front Chassis and Rear
Chassis |
Nos. |
1,800,000 |
1,601,751 |
|
|
|
|
|
*installed capacity are as certified by
management and relied on by the auditors. The installed capacity is subject to product
mix, utilization of plant and machinery which is common for different models
and availing of facilities of others.
GENERAL INFORMATION
|
No. of Employees : |
300 [Approximately] |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Associates Chartered Accountant |
|
Address : |
No.10, |
|
Tel. No. : |
91-44-39145000 |
|
Fax No.: |
91-44-38145999 |
|
|
|
|
Parent Company: |
|
|
|
|
|
Enterprises
having Significant Influence : |
|
|
|
|
|
Fellow Subsidiaries : |
|
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,685,000 |
Equity Shares |
Rs.1000/-each |
Rs.2685.000 millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,521,042 |
Equity Shares |
Rs.1000/-each |
Rs.2521.042 millions |
|
|
|
|
|
|
|
|
|
|
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,685,000 |
Equity Shares |
Rs.1000/-each |
Rs.2685.000 millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,420,648 |
Equity Shares |
Rs.1000/-each |
Rs.2420.648 millions |
|
|
|
|
|
|
|
|
|
|
Of the above
2420642 shares are held by Hyundai Mobis Company Limited,
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2420.648 |
2420.648 |
811.408 |
|
|
2] Share Application Money |
100.394 |
0.000 |
1609.240 |
|
|
3] Reserves & Surplus |
1885.766 |
0.000 |
268.890 |
|
|
4] (Accumulated Losses) |
0.000 |
(411.498) |
0.000 |
|
|
NETWORTH |
4406.808 |
2009.150 |
2689.538 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2843.883 |
3607.200 |
2813.100 |
|
|
2] Unsecured Loans |
1129.109 |
2047.400 |
1608.600 |
|
|
TOTAL BORROWING |
3972.992 |
5654.600 |
4421.700 |
|
|
DEFERRED TAX LIABILITIES |
216.780 |
243.299 |
201.498 |
|
|
|
|
|
|
|
|
TOTAL |
8596.580 |
7907.049 |
7312.736 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5611.729 |
6070.165 |
6299.743 |
|
|
Capital work-in-progress |
200.896 |
23.133 |
6.125 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1991.232
|
1414.825 |
1330.238 |
|
|
Sundry Debtors |
3895.519
|
3942.958 |
1620.966 |
|
|
Cash & Bank Balances |
2419.820
|
172.073 |
1040.698 |
|
|
Other Current Assets |
0.000
|
0.000 |
1.877 |
|
|
Loans & Advances |
885.570
|
644.611 |
489.502 |
|
Total
Current Assets |
9192.141
|
6174.467 |
4483.281 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5404.854
|
4183.449 |
3221.035 |
|
|
Other Current Liabilities |
487.106
|
155.012 |
204.942 |
|
|
Provisions |
516.226
|
22.255 |
50.436 |
|
Total
Current Liabilities |
6408.186
|
4360.716 |
3476.413 |
|
|
Net Current Assets |
2783.955
|
1813.751 |
1006.868 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8596.580 |
7907.049 |
7312.736 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
31106.272 |
21517.784 |
9365.763 |
|
|
|
Other Income |
1043.978 |
132.311 |
239.217 |
|
|
|
TOTAL (A) |
32150.250 |
21650.095 |
9604.980 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods sold |
26564.615 |
18458.822 |
7390.108 |
|
|
|
Personnel Cost |
280.590 |
222.308 |
148.852 |
|
|
|
Manufacturing and Other Expenses |
1561.016 |
2664.618 |
747.903 |
|
|
|
Preliminary Expenses Written off |
0.000 |
0.000 |
2.708 |
|
|
|
TOTAL (B) |
28406.221 |
21345.748 |
8289.571 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3744.029 |
304.347 |
1315.409 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
138.162 |
230.176 |
227.015 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3605.867 |
74.171 |
1088.394 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
725.730 |
706.297 |
517.865 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2880.137 |
(632.126) |
570.529 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
729.124 |
48.062 |
175.595 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
2151.013 |
(680.188) |
394.934 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(411.498) |
268.890 |
(126.044) |
|
|
|
|
|
|
|
|
|
|
Transfer
Pursuant to the Scheme of Amalgamation |
63.427 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1802.942 |
(411.498) |
268.890 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1063.746 |
677.109 |
286.946 |
|
|
TOTAL EARNINGS |
1063.746 |
677.109 |
286.946 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
5596.624 |
3033.032 |
1173.546 |
|
|
|
Spares for resale |
887.789 |
912.886 |
779.167 |
|
|
|
Capital Goods |
22.147 |
206.999 |
1013.748 |
|
|
TOTAL IMPORTS |
6506.56 |
4152.917 |
2966.461 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
889 |
(281.08) |
486.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
6.69
|
(3.14) |
4.11 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.26
|
(2.94) |
6.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.46
|
(5.16) |
5.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.65
|
(0.31) |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.36
|
4.98 |
2.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43
|
1.42 |
1.29 |
LOCAL AGENCY FURTHER INFORMATION
Note : Registered office address of the company has
been shifted from Flat No. 2A,
No. 40,Old LNO. 12, Jeyamkondar,
Background :
Description of
Business – Mobis India Limited was incorporated on 06.06.2005 as per the
provision of companies Act, 1956 as a wholly owned subsidiary of Hyundai Mobis
Company Limited,
Operations During
the Year :
The company’s results for the year review represent the operations for a
full financial year and accordingly the members may note that the turnover of
the company for the year ended 31.03.2010 was as Rs.34075.400 millions as
compared to Rs.24189.800 millions in the previous year.
The Company’s operations have stabilized in a record time as reflected by the operating
results of the company. The board thankfully acknowledges the contributions
made by employees all levels, technical support provided by
Merger :
The parent company Hyundai Mobis Company Limited,
Hyundai Autonet
Contingent
Liabilities :
|
Particulars |
31.03.2010 |
31.03.2009 |
|
Estimated amount of contracts remaining to be executed on capital
account and not provided for [net of advance] |
338.474 |
8.870 |
|
Bank Guarantee |
62.418 |
45.443 |
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10070275 |
|
Corporate
identity number of the company |
U50300TN2005PLC056533 |
|
Name of the company
|
MOBIS INDIA
LIMITED |
|
Address of the
registered office or of the principal place of business in |
G-1-G4, |
|
Type of charge |
|
|
Particular of
charge holder |
State Bank of |
|
Nature of
description of the instrument creating or modifying the charge |
Form
C-5(FCNRBTL), modified agreement regarding the grant of individual limits
within the overall limit. |
|
Date of
instrument Creating the charge |
31.03.2009 |
|
Amount secured by
the charge |
Rs. 2000.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 6 Months Libor
+175 BP Terms of Repayment 3 Years
Mortorium, 2 Years Quality Installments. Margin 29.41% of
Movable, immovable Assets, Book Debts of Whole Company and Stocks of Genuine
Parts Division. Extent and Operation of the charge First Pari Passu
Charge on all Fixed Assets both Movable and immovable (Present and Future) of
the company and all current assets of genuine spare parts division. Others The loan amount
of usd 40.000 million at a notional Usd/Inr conversion rate prevailing on the
draw-down date. |
|
Short particulars
of the property charged |
Plot Nos., Area
and Survey Nos. Etc; As Mentioned in the Schedule of the Mortgage Recital of
HDFC. |
|
Date of latest
modification prior to the present modification |
06.12.2007 |
|
Particulars of
the present modification |
The term loan
(FCNRBTL) of usd 40.000 millions from state bank of |
FIXED ASSETS :
·
Land – Freehold
·
Land – Leasehold
·
Building
·
Tools Moulds and Fixtures
·
Furniture and Fittings
·
Computers
·
Plant and Machinery
·
Office Equipments
·
Motor Vehicles
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 records 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.44.78 |
|
|
1 |
Rs.73.42 |
|
Euro |
1 |
Rs.65.27 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
49 |
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.