|
Report Date : |
04.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
HI-TECH ROBOTIC SYSTEMZ LIMITED |
|
|
|
|
Registered
Office : |
A-589, Industrial Complex, Bhiwadi, District Alwar, Rajasthan |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
31.08.2004 |
|
|
|
|
Com. Reg. No.: |
17-019662 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.775 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U288999RJ2004PLC019662 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Robotics, Automation Machine Vision products and
Customized Solutions for automobiles sectors. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 390000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade
relations are reported as fair. Business is active. 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 condition. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 : |
A-589, Industrial Complex, Bhiwadi, District Alwar, Rajasthan, India |
|
Tel. No.: |
91-1493-220934 / 641227-29 / 641237-39 |
|
Fax No.: |
91-1493-220512 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Tower-B, Unitech Millenium Plaza, Sushant Lok-I, Sector – 27,
Gurgaon-122002 , Haryana, India |
|
Tel. No.: |
91-124-4715100 / 4107591 / 4043280 |
|
Fax No.: |
91-124-2806086 / 89 / 26806085 |
|
E-Mail : |
|
|
|
|
|
Research &
Development Centre |
Plot No.136, Pace City-1, Sector - 37, Near Hero Honda Chowk,
Gurgaon-122001, Haryana, India |
|
Tel. No.: |
91-124-4715300 |
|
Fax No.: |
91-124-2806086 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Located at ·
Pune ·
Chennai |
DIRECTORS
As on 28.09.2011
|
Name : |
Mr. Deep Kapuria |
|
Designation : |
Director |
|
Address : |
180, Sainik Farms, New Delhi – 110062, India |
|
Date of Birth/Age : |
05.08.1949 |
|
Date of Appointment : |
31.08.2004 |
|
DIN No.: |
00006185 |
Other directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
L29130RJ1986PLC004536 |
HI-TECH
GEARS LIMITED |
Whole-time
director |
01-01-12 |
23-10-86 |
- |
Active |
NO |
|
2 |
U65921DL1998PTC094748 |
DEV DARSHAN
CONSTRUCTION PRIVATE LIMITED. |
Director |
01-07-98 |
01-07-98 |
- |
Active |
NO |
|
3 |
U29130RJ1998PLC015205 |
HI
TECH AND ASSOCIATES LIMITED |
Managing
director |
03-09-07 |
09-11-98 |
- |
Active |
NO |
|
4 |
U34300RJ1984PTC016539 |
GETRAG
HI-TECH GEARS (INDIA) PRIVATE LIMITED (TRANSFER COMPANY) |
Director |
23-01-07 |
20-05-99 |
23-04-07 |
Active |
NO |
|
5 |
L74899DL1981PLC012804 |
LUMAX
INDUSTRIES LIMITED |
Director |
31-07-02 |
31-07-02 |
22-05-10 |
Active |
NO |
|
6 |
U28999RJ2004PLC019662 |
HI-TECH
ROBOTIC SYSTEMZ LIMITED |
Director |
26-09-05 |
31-08-04 |
- |
Active |
NO |
|
7 |
U85100DL2012PTC231106 |
THE
MISSION STRENGTH PRIVATE LIMITED |
Director |
07-02-12 |
07-02-12 |
- |
Active |
NO |
|
Name : |
Mr. Anuj Kapuria |
|
Designation : |
Director |
|
Address : |
180, Sainik Farms, New Delhi – 110062, India |
|
Date of Birth/Age : |
26.08.1978 |
|
Date of Appointment : |
20.11.2006 |
|
DIN No.: |
00006366 |
Other Directorship;
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U65921DL1996PTC078883 |
CHETANA
INLEASE PRIVATE LIMITED |
Director |
07-01-02 |
07-01-02 |
- |
Active |
NO |
|
2 |
U67120DL1996PLC077612 |
SUMMIT
INPORT SERVICES LIMITED |
Director |
01-07-02 |
01-07-02 |
- |
Active |
NO |
|
3 |
U74899DL1990PLC042077 |
ULTIMATE
CABLES TECHNOTRENDS LIMITED |
Director |
21-07-03 |
21-07-03 |
- |
Active |
NO |
|
4 |
U74999DL1985PLC021054 |
VULCAN
ELECTRO CONTROLS LIMITED |
Director |
05-05-10 |
01-09-04 |
- |
Active |
NO |
|
5 |
L29130RJ1986PLC004536 |
HI-TECH
GEARS LIMITED |
Whole-time
director |
15-05-10 |
30-05-05 |
- |
Active |
NO |
|
6 |
U29130RJ1998PLC015205 |
HI
TECH AND ASSOCIATES LIMITED |
Director |
20-09-05 |
20-09-05 |
- |
Active |
NO |
|
7 |
U28999RJ2004PLC019662 |
HI-TECH
ROBOTIC SYSTEMZ LIMITED |
Director |
20-11-06 |
20-11-06 |
- |
Active |
NO |
|
8 |
U85100DL2012PTC231106 |
THE MISSION
STRENGTH PRIVATE LIMITED |
Director |
07-02-12 |
07-02-12 |
- |
Active |
NO |
|
Name : |
Mr. Pranav Kapuria |
|
Designation : |
Director |
|
Address : |
180, Sainik Farms, New Delhi – 110062, India |
|
Date of Birth/Age : |
16.07.1975 |
|
Date of Appointment : |
31.08.2004 |
|
DIN No.: |
00006195 |
Other Directorship;
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U65993DL1988PLC032736 |
HI-TECH
PORTFOLIO INVESTMENTS LIMITED |
Director |
24-07-95 |
24-07-95 |
- |
Active |
NO |
|
2 |
U29130RJ1998PLC015205 |
HI
TECH AND ASSOCIATES LIMITED |
Director |
09-11-98 |
09-11-98 |
- |
Active |
NO |
|
3 |
U34300RJ1984PTC016539 |
GETRAG
HI-TECH GEARS (INDIA) PRIVATE LIMITED (TRANSFER COMPANY) |
Managing
director |
23-01-07 |
20-05-99 |
17-09-08 |
Active |
NO |
|
4 |
L29130RJ1986PLC004536 |
HI-TECH
GEARS LIMITED |
Managing
director |
05-08-10 |
25-05-00 |
- |
Active |
NO |
|
5 |
U28999RJ2004PLC019662 |
HI-TECH
ROBOTIC SYSTEMZ LIMITED |
Director |
26-09-05 |
31-08-04 |
- |
Active |
NO |
|
6 |
U99999DL1959PLC176013 |
AUTOMOTIVE
COMPONENT MANUFACTURERS ASSOCIATION OF INDIA |
Director |
27-08-10 |
27-08-10 |
- |
Active |
NO |
|
7 |
U85100DL2012PTC231106 |
THE
MISSION STRENGTH PRIVATE LIMITED |
Director |
07-02-12 |
07-02-12 |
- |
Active |
NO |
|
Name : |
Mr. Ramesh Chandra Jain |
|
Designation : |
Director |
|
Address : |
House No.5305, DLF Phase – IV,
DLF City, Gurgaon - 122002, Haryana,
India |
|
Date of Birth/Age : |
22.12.1946 |
|
Date of Appointment : |
25.04.2009 |
|
DIN No.: |
00038529 |
Other directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74140DL1991PTC046601 |
ECS
PRIVATE LIMITED |
Director |
26-08-02 |
26-08-02 |
18-06-08 |
Active |
NO |
|
2 |
U34300DL1997PTC087224 |
GRAZIANO
TRASMISSIONI INDIA PRIVATE LIMITED |
Whole-time
director |
25-03-08 |
01-02-05 |
- |
Active |
NO |
|
3 |
U28999RJ2004PLC019662 |
HI-TECH
ROBOTIC SYSTEMZ LIMITED |
Director |
30-09-09 |
25-04-09 |
- |
Active |
NO |
|
4 |
L27109PB1973PLC003358 |
MODERN
STEEL LIMITED |
Director |
16-07-11 |
14-02-11 |
- |
Active |
NO |
|
5 |
L29130RJ1986PLC004536 |
HI-TECH
GEARS LIMITED |
Director |
27-09-11 |
10-08-11 |
- |
Active |
NO |
|
6 |
L74899HR1962PLC002618 |
FRICK
INDIA LIMITED |
Additional
director |
27-01-12 |
27-01-12 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Deep Kapuriya |
|
36550 |
|
Dev Kumari Kapuriya |
|
1100 |
|
Veena Kapuriya |
|
2500 |
|
Pranav Kapuriya |
|
15250 |
|
Anuj Kapuriya |
|
17250 |
|
Aabha Kapuriya |
|
3400 |
|
Megha Kapuriya |
|
1400 |
|
Total |
|
77450 |
As on 28.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Robotics, Automation Machine Vision products and Customized
Solutions for automobiles sectors. |
|
|
|
|
Products : |
·
IntelliCart – AGV ·
ADAS – Driving Assistance ·
The mole – Securities & defense ·
Educational Robotic Kits ·
NEEL – Social robot ·
Soft brain – Artificial Intelligence |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
State Bank of India, Commercial Branch, Naraina, New Delhi-110028,
India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Vigg and Company Chartered Accountants |
|
Address : |
E-61, Lower Ground Floor, Kalkaji, New Delhi -110019, India |
|
PAN.: |
AAESG0353Q |
|
|
|
|
Subsidiaries : |
VULCAN ELECTRO CONTROLS LIMITED U74999DL1985PLC021054 |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
77450 |
Equity Shares |
Rs.10/- each |
Rs. 0.775
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.775 |
0.646 |
0.646 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
96.892 |
49.972 |
42.074 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
97.667 |
50.618 |
42.720 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
32.760 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
32.760 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.519 |
0.053 |
0.040 |
|
|
|
|
|
|
|
|
TOTAL |
130.946 |
50.671 |
42.760 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
86.495 |
84.367 |
85.400 |
|
|
Capital work-in-progress |
3.599 |
1.121 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
16.020 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
20.830
|
3.258 |
15.535 |
|
|
Sundry Debtors |
27.739
|
5.890 |
2.303 |
|
|
Cash & Bank Balances |
10.670
|
9.295 |
0.497 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
10.427
|
7.084 |
3.102 |
|
Total
Current Assets |
69.666
|
25.527 |
21.437 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7.370
|
2.797 |
11.306 |
|
|
Other Current Liabilities |
32.922
|
53.098 |
51.606 |
|
|
Provisions |
4.542
|
4.449 |
1.165 |
|
Total
Current Liabilities |
44.834
|
60.344 |
64.077 |
|
|
Net Current Assets |
24.832
|
(34.817) |
(42.640) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
130.946 |
50.671 |
42.760 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
66.209 |
58.897 |
14.110 |
|
|
|
Other Income |
5.946 |
0.108 |
0.084 |
|
|
|
TOTAL (A) |
72.155 |
59.005 |
14.194 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing expenses |
44.558 |
33.451 |
0.000 |
|
|
|
Other expenses |
11.478 |
12.887 |
0.000 |
|
|
|
Cost of revenue |
0.000 |
0.000 |
7.061 |
|
|
|
Administrative expenses |
0.000 |
0.000 |
5.661 |
|
|
|
TOTAL (B) |
56.036 |
46.338 |
12.722 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
16.119 |
12.667 |
1.472 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.200 |
0.097 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.919 |
12.570 |
1.472 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.412 |
0.209 |
0.166 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
13.507 |
12.361 |
1.306 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.008 |
4.462 |
0.946 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I)
|
8.498 |
7.899 |
0.360 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
8.112 |
0.214 |
(0.147) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
16.611 |
8.112 |
0.214 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
58.39 |
122.27 |
7.09 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
11.78
|
13.39 |
2.54 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
20.40
|
20.99 |
9.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.65
|
11.25 |
1.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.24 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.79
|
1.19 |
1.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
0.42 |
0.33 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges Report as per Registry
|
Corporate
identity number of the company |
U288999RJ2004PLC019662 |
|
Name of the
company |
HI-TECH ROBOTIC SYSTEMZ LIMITED |
|
Address of the
registered office or of the principal place of business in |
A-589, Industrial Complex, Bhiwadi, DistTICT Alwar, Rajasthan, India E-mail : secretarial@hiltechgerars.com |
|
This form is for |
Creation
of charges |
|
Type of charge |
·
Immovable
Property ·
Any
interest in immovable property ·
Book
debts ·
Movable
property(not being pledge) ·
Other
(All current and fixed assets of the company |
|
Particular of
charge holder |
State Bank of
India, Commercial Branch, Naraina, New Delhi -110028 India E-mail : rkarohini@yahoo.co.in |
|
Nature of
instrument creating charge |
SME.1 Letter of arrangement. SME.2 Agreement of loan cum Hypothecation SME.6 Letter of confirmation for creation of mortgage by deposit of
Title deeds. |
|
Date of
instrument Creating the charge |
12.07.2010 |
|
Amount secured by
the charge |
Rs. 62.500
million |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Working capital –
Interest at 2.00% Above (SBAR) (SBAR =11.75% w.e.f 29.06.2009) with minimum
of 13.75% p.a present effective rate 13.75% p.a Terms of Repayment Working capital –
repayable on demand. Margin Raw material
(imported and indigenous) - 25% Semi finished
goods and finished goods - 25 % Domestic
receivables (cover period 90 days) - 25% Letter of credit
- 25% Bank guarantee -
25% Extent and operation of the charges 100% |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Primary Security
(CC) – Hypothecation of stock of raw material, stock in process, finished
goods, spares lying in factory and
elsewhere including goods in transit, All the present
and future book/debts/Receivable of the company. Collateral
security – EM of factory land at Plot No. 18, Block - A “ Infocity” Sector
-33 and 34 Gurgaon Measuring 4778 Sq.
Mtrs. |
FIXED ASSETS
·
Land
(Freehold)
·
Plant and
Machinery
·
Furniture
and Fixtures
·
Computer
·
Computer
software
·
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.50.56 |
|
|
1 |
Rs.81.05 |
|
Euro |
1 |
Rs.67.48 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.