|
Report Date : |
07.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
HYVA (INDIA) PRIVATE LIMITED (w.e.f. 24.01.2001) |
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Formerly Known
As : |
HYVA INDIA TRANSPORTATION
SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
Plot
# EL – 215, M.I.D.C., Mahape, Navi Mumbai – 400 701, |
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Country : |
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Financials (as
on) : |
31.12.2011 |
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Date of
Incorporation : |
02.09.1996 |
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Com. Reg. No.: |
11-102299 |
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Capital
Investment / Paid-up Capital : |
Rs.12.510
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U50100MH1996PTC102299 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH07261C |
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PAN No.: [Permanent Account No.] |
AAACH2006C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Tipper Bodies. |
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|
No. of Employees
: |
432 (Approximately)
(In Office 130 + In Factory 302) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 8800000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established and reputed company having fine track. Financial position of the
company appears to be sound. Trade relations are reported to be fair. Payments are reported regular and as per commitments. The company can
be considered good for normal 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, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BB - (Long Term Rating) |
|
Rating Explanation |
It is considered to have moderate risk of default regarding timely
servicing of financial obligation. |
|
Date |
28.04.2011 |
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
31-03-2012.
LOCATIONS
|
Registered Office/ Administrative Office/ Factory 1
: |
Plot
# EL – 215, M.I.D.C., Mahape, Navi Mumbai – 400 701, |
|
Tel. No.: |
91-22-67618888 / 27610504 /
66165590 / 66165440 / 27671512/ 27672846 / 27635185 |
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Fax No.: |
91-22-27672846 / 27610504 / 27672182 |
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E-Mail : |
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Website : |
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Factory 2 : |
SY No 18, Balgaranhally, Attibely Industrial Estate Hosur Main
Road, Bangalore – 562107, Karnataka, India |
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E-Mail : |
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Factory 3 : |
C-23, 24, 25, 26, 29, 30 31, III Phase, Adityapur industrial
estate, Adityapur Jamshedpur – 831013, Jharkhand, India |
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Tel. No.: |
91-657-6541522 |
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E-Mail : |
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Factory 5: |
Located at Pune |
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Sales Office 1 : |
D.No: 7-1-613/14/A/201, Lakshmishree Complex, Amirpet – |
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Sales Office 2 : |
C/o Sri Naga Motors (Hyva), No.893,Ist Floor, Swaraj Building, MES Ring
Road, Muthyalamma Nagar, Gokula Post, Bangalore – 560 054, Karnataka,
India |
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Tel. No.: |
91-80-23454816 |
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E-Mail : |
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Branch Office : |
Located at: ·
Navi Mumbai ·
·
·
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DIRECTORS
As on 30.06.2012
|
Name : |
Mr. Brice Henry Bricheateau de la Morandiere |
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Designation : |
Director |
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Address : |
B RUE DU VIEUX, Colombier, 75006, Paris, 06, Paris 75006, France |
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Date of Appointment : |
13.10.2011 |
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DIN No.: |
05106756 |
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Name : |
Mr. Sudhir Govind Mhetre |
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Designation : |
Alternate Director |
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Address : |
Flat No. B-304, Raqmdev Complex, Sector – 19, Airoli, Navi Mumbai –
400708, Maharashtra, India |
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Date of Appointment : |
23.06.2012 |
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DIN No.: |
02549626 |
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Other
Directorship:
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Name : |
Mr. Rupayan Santanu Majumdar |
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Designation : |
Director |
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Address : |
B- 1/103, Hyde Park, Ghodbunder Road, Manpada, Thane – 400607,
Maharashtra, India |
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Experience: |
27 Years |
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Date of Appointment : |
02.09.2009 |
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DIN No.: |
02780347 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sudhir Madhav Prabhu |
|
20 |
|
Hyva Transport Technik GMBH, Austria |
|
1251000 |
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Total |
|
1251020 |
Equity Share Break up (Percentage of Total Equity)
As on 30.06.2012
|
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 : |
Manufacturer of Tipper Bodies. |
PRODUCTION STATUS (As on 31.12.2010)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Tipper Bodies |
Nos. |
Not Applicable |
11757 |
|
Hydraulic Cylinders (including for captive consumption) |
Nos. |
Not Applicable |
32007 |
|
Compactors |
Nos. |
Not Applicable |
146 |
|
Fifth Wheel Coupling |
Nos. |
Not Applicable |
294 |
Note
·
The installed capacity of
the Company’s products cannot be determined as the Company’s products can be manufactured
in different types and sizes as per customers needs and requirements.
·
Actual production
includes quantities manufactured by others on job work basis.
·
The above does not
include products were assembly / mounting operations are carried out.
GENERAL INFORMATION
|
No. of Employees : |
432
(Approximately) (In Office 130 + In
Factory 302) |
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Bankers : |
·
ABN
Amro Bank N.A. 14, Veer Nariman Road, Now Shifted to, 7th Floor, Sakhar
Bhavan, Nariman Point, Mumbai – 400 021, Maharashtra, India ·
Deutsche
Bank, Fort Branch, Mumbai, Maharashtra, India |
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Facilities : |
(Rs. in Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Price
Waterhouse Chartered
Accountants |
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Address : |
252,
Veer Savarkar Marg, |
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PAN.: |
AAEFP3641G
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Holding Company : |
Hyva
Transporttechnik |
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Ultimate Holding Company
: |
Hyva
Holding B.V., |
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Fellow Subsidiaries
: |
·
Hyva do Brasil Hidráulica Limited, Brazil ·
Technamics B.V., Netherlands ·
Hyva Mechanics (Yang Zhou) Limited, China ·
Hyva Ibérica S.A., Spain ·
Georg Hydraulik GmbH, Germany ·
Hyva International B.V., Netherlands ·
Hyva Thailand Company Limited, Thailand ·
Technomet S.R.L, Italy ·
Amco Veba S.R.L., Italy ·
Ferrari International, SpA, Italy |
CAPITAL STRUCTURE
As on 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1251020 |
Equity Shares |
Rs.10/- each |
Rs.12.510
Millions |
|
|
|
|
|
Note:
Of the above,
1,251,000 (Previous Year: 1,251,000) Equity Shares of Rs. 10 each, fully paid
are held by Hyva Transporttechnik GmbH, Austria and 20 (Previous Year: 20)
Equity Shares of Rs. 10 each, fully paid are held by a nominee of Hyva
Transporttechnik GmbH, Austria. The ultimate holding company is Hyva Global
B.V., Netherlands (effective April 13, 2011) [formerly the ultimate holding
company was Hyva Holding B.V., Netherlands].
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
12.510 |
12.510 |
12.510 |
|
|
2] Share Application Money |
0.005 |
0.005 |
0.005 |
|
|
3] Reserves & Surplus |
2198.892 |
1819.406 |
1444.382 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2211.407 |
1831.921 |
1456.897 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.841 |
3.366 |
15.111 |
|
|
2] Unsecured Loans |
78.176 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
79.017 |
3.366 |
15.111 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2290.424 |
1835.287 |
1472.008 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
386.513 |
336.136 |
365.599 |
|
|
Capital work-in-progress |
18.606 |
37.301 |
4.136 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
52.894 |
44.300 |
21.356 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1638.610
|
945.472
|
808.731 |
|
|
Sundry Debtors |
1136.461
|
710.215
|
577.744 |
|
|
Cash & Bank Balances |
125.123
|
333.490
|
229.978 |
|
|
Other Current Assets |
1.593
|
1.713
|
2.102 |
|
|
Loans & Advances |
486.540
|
206.027
|
156.279 |
|
Total
Current Assets |
3388.327
|
2196.917
|
1774.834 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1440.310 |
592.594 |
605.840 |
|
|
Other Current Liabilities |
55.146
|
52.057
|
58.928 |
|
|
Provisions |
60.460
|
134.716
|
29.149 |
|
Total
Current Liabilities |
1555.916
|
779.367
|
693.917 |
|
|
Net Current Assets |
1832.411
|
1417.550
|
1080.917 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2290.424 |
1835.287 |
1472.008 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
|
|
|
|
|
|
|
NET TURNOVER |
6700.580 |
5238.640 |
3408.730 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Office Expenses |
NA |
NA |
NA |
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
660.880 |
659.570 |
263.260 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
1.080 |
2.530 |
6.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
659.790 |
657.040 |
256.970 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
93.350 |
75.960 |
82.240 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
566.440 |
581.080 |
174.730 |
|
|
|
|
|
|
|
|
|
|
TAX |
186.950 |
206.060 |
63.180 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
379.490 |
375.020 |
111.550 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
NA |
94.458 |
120.305 |
|
|
|
Commission |
NA |
1.947 |
0.000 |
|
|
TOTAL EARNINGS |
NA |
96.405 |
120.305 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
NA |
1161.639 |
638.046 |
|
|
|
Stores & Spares |
NA |
8.016 |
9.374 |
|
|
|
Capital Goods |
NA |
16.722 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
1186.377 |
647.420 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
303.34 |
299.77 |
89.17 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
8.45
|
11.09
|
5.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.72
|
22.94
|
8.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.32
|
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.74
|
0.43
|
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.18
|
2.82
|
2.56 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE
The Registered Office of the company has been shifted from Plot # C-255,
FINANCIAL RESULTS
Year 2011 is ended
with positive note for the automobile industry. The infrastructure development
is slowly gathering momentum and they see an opportunity for growth in this
scenario. Tipper demand in Indian market was good in year 2011. However the
competition is fast catching up and they are facing competition from the new
companies.
The company
registered a turnover of Rs. 6700.58 Million and PAT 379.49 in year 2011.
Earning per share is 303.34 per share for a 10 rupee share.
BUSINESS SCENARIO
India continues to
be an emerging global automotive power offering vast opportunities for
Investment. The economy is slowed down in the first half of year 2012 due to
Interest rates continue to be very high along with higher excise duty affecting
CV enterprise viability, Mining sector continues to be depressed due to
clearances and approvals on hold and Monsoon expectations are not good in many
parts of country. However, they look forward to achieve the ambitious targets
set out for year 2012.
The Company has
been able to improve its market share with all it’s major customers. New OEM’s
are entering into the manufacturing of commercial vehicles and adding more
opportunities for the company.
BUSINESS
OPERATIONS
The new Factory at
Pune has been completed and started manufacturing activity from August 2011.
The entire Tipper production is shifted to Pune Factory from October, 2011 and
the Navi Mumbai Factory is ready for expansion of Hydraulic cylinder.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U99999MH1996PTC102299 |
|
Name of the company |
HYVA INDIA
TRANSPORTATION SYSTEMS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Plot
# C-255, MIDC Pawane Village, Navi Mumbai – 400 705, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Equitable
mortgage or mortgage of property by depositing the title deeds |
|
Particular of charge holder |
ABN Amro Bank N.A., 14, Veer Nariman Road, Now Shifted To, 7th
Floor, Sakhar Bhavan, Nariman Point, Mumbai – 400 021, Maharashtra, India E-Mail:
in.bs.ccc@in.abnamro.com |
|
Amount secured by the charge |
Rs.45.000 Millions |
|
Description of the property charged indicating whether it is a charged
on |
Plant and machinery |
|
Particulars of the property charged |
Hypothecation of the Borrower's fixed assets more fully described in
the Schedule II to the agreement, whether installed or not and whether lying
loose or in cases or being on or upon or at any time hereafter during the
continuance of this security being on or upon or about the premises and
godowns, factory or wherever else the same may be or be held by the party to
the order or disposition of the Borrower or in the course of transit. |
|
Charge identification number of the charge to be modified |
90148543 |
|
Brief description of the instrument modifying the charge under section
135 |
Memorandum of Entry |
|
Date of instrument modifying the charge |
18.04.2006 |
FIXED ASSETS
Intangible Assets
·
Computer Software
Tangible Assets (Owned)
·
Buildings on
·
Plant and Machinery
·
Tools and Equipments
·
Electrical Installations
·
Office Equipments
·
Computers
·
Furniture and Fittings
·
Vehicles
Tangible Assets (Leased)
·
·
Plant and Machinery
AS PER WEBSITE DETAILS
COMPANY PROFILE
Subject is a 100% subsidiary of Netherland based Multinational Hyva Group. The Company is dedicated to provide World Class Transport Efficiency Solution to Indian Commercial Vehicle Industry.
HYVA Group started its journey in Alphen aan den Rijn in Netherlands in 1979.
Hyva group’s global existence is proven through its strong manufacturing base
spread in Netherlands , Germany , Italy , Brazil , China and India . Today Hyva
is recognized as a leading supplier of quality products marketed through 24
fully owned subsidiaries and 65 dealerships across the globe. Hyva products are
available in 130 countries across the globe with a customer base of more than
25,000. The group turn over for the year 2006 was euro 250 m and the group
looks forward for quantum growth in coming years.
Subject started its operation in Indian Market in 1997 and now spread its wings
to 3 manufacturing plants in Navi Mumbai, Bangalore and Jamshedpur. In India,
the company is a strong brand name for Tipper and Tipper Hydraulics and an
automatic choice for all established and emerging Automobile Companies. Hyva
Front End and Special Underbody Cylinders are today symbol of Trust among the
numbers of Tipper Owner across the Country.
Apart from Tippers, Hyva also is a ‘one stop shop’ for customers who want to
add value to their trucks by adding hydraulic efficiency to it. Hyva’s global
manufacturing capacity of Truck Mounted Crane, Hook Lift System Moving Floors
are at disposal for Indian customers.
In 2006, Hyva (India) has signed an agreement with England based Dennis-Eagle
for producing their Garbage Compactor for Indian and Export market.
Hyva India is going to start commercial production of Fifth Wheel Coupler in
technical collaboration with George Fischer, Germany catering to fastest
growing segment of Indian Commercial Vehicle Industry.
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.55.47 |
|
|
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
64 |
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.