|
Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
TATA INTERNATIONAL DLT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Sterling Centre, Dr. A B Road, Worli, Mumbai –
400 018, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.06.2005 |
|
|
|
|
Com. Reg. No.: |
11-154348 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.170.800
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34200MH2005PTC154348 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT2953Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Design, Development and Manufacturing of Trailers,
Semi-Trailers, Trolleys and Engineering Fabricated Assemblies. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was formed as a 50:50 Joint Venture between Tata International
Limited (TIL) and Dutch Lanka Trailers Manufacturers Limited. It is an established company having satisfactory track. Financial
positions of the company is improving. It has recorded a better increase in
its sales turnover during 2011. Trade relations are reported as decent. Business is active. Payments
are reported to be usually correct and as per commitments. The company can be considered
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRS |
|
Rating |
Bank Lines (Cash Credit) LA |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
December, 2010 |
|
Rating Agency Name |
ICRS |
|
Rating |
Bank Lines (Proposed Term Loans) LA |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
December, 2010 |
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.
INFORMATION DECLINED
Management Non-Cooperative
Contact No.: 91-2135-278019
LOCATIONS
|
Registered Office : |
3rd Floor, Sterling Centre, Dr. A B Road, Worli, Mumbai –
400018, Maharashtra, India |
|
Tel. No.: |
91-22-66652299 |
|
Fax No.: |
91-22-66612836 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Gat No 281 and 284. Village Santosh Nagar, Waki, Taluka –
Khed Pune -410501, Maharashtra, India. |
|
Tel. No.: |
91-2135-278234 |
DIRECTORS
(AS ON 28.07.2011)
|
Name : |
Mr. Arun Kumar Vora |
|
Designation : |
Director |
|
Address : |
S-2, 3rd Floor, Orchid Apartments, defence Colony,
indiranagar, Bangalore-560038, |
|
Date of Birth/Age : |
14.08.1941 |
|
Date of Appointment : |
23.05.2007 |
|
DIN No.: |
00191774 |
|
|
|
|
Name : |
Mr. Opender Kumar Kaul |
|
Designation : |
Additional Director |
|
Address : |
102 B, Vaibhav Nagar, Kannadia Road, Indore-452016, |
|
Date of Birth/Age : |
30.10.1948 |
|
Date of Appointment : |
28.04.2009 |
|
DIN No.: |
01474455 |
|
|
|
|
Name : |
Mr. Ajay Murlidhar Ponkshe |
|
Designation : |
Director |
|
Address : |
Flat No. 3, 1st Floor Yashodhan, sahayog Mandir Path,
Naupada, thane-400601, |
|
Date of Birth/Age : |
27.02.1960 |
|
Date of Appointment : |
27.08.2007 |
|
DIN No.: |
01663073 |
|
|
|
|
Name : |
Mr. Sudhir Laxmikant Deoras |
|
Designation : |
Director |
|
Address : |
191-B, Maker Tower, B Wing, Cuffe Parade, Mumbai – 400005,
Maharashtra, India |
|
Date of Birth/Age : |
01.08.1951 |
|
Date of Appointment : |
13.10.2009 |
|
DIN No.: |
00206099 |
|
|
|
|
Name : |
Mr. Kulbhushan Girotra |
|
Designation : |
Director |
|
Address : |
D-4, Melody, 12 ICS Colony, Ganesh Khind Road, Pune – 411007,
Maharashtra, India |
|
Date of Birth/Age : |
01.10.1947 |
|
Date of Appointment : |
13.10.2009 |
|
DIN No.: |
00286114 |
|
|
|
|
Name : |
Mr. Dilip Mohanlal Kodikara |
|
Designation : |
Director |
|
Address : |
161/2A, Wimukhi Mawatha, |
|
Date of Birth/Age : |
09.01.1965 |
|
Date of Appointment : |
29.06.2005 |
|
DIN No.: |
00324507 |
KEY EXECUTIVES
|
Name : |
Mr. Manoj Vasant Deshmukh |
|
Designation : |
Company Secretary |
|
Address : |
G-1002, Eternity, Teen Hath Naka, Thane – 400602, Maharashtra, India |
|
Date of Birth/Age : |
30.04.1963 |
|
Date of Appointment : |
06.10.2008 |
|
PAN No.: |
AHMPD2381G |
|
|
|
|
Name : |
Mr. S. Somasundaram |
|
Designation : |
Senior General Manager – Marketing and Service |
|
Mobile No.: |
91-9922968948 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.07.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Tata International Limited, India |
|
53400 |
|
Dutch Lanka Trailer Manufacturers Limited, Sri Lanka |
|
53400 |
|
|
|
|
|
Total |
|
106800 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
50.00 |
|
Bodies corporate |
|
50.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Design, Development and Manufacturing of Trailers,
Semi-Trailers, Trolleys and Engineering Fabricated Assemblies. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· The Honkong and Shanghai Banking Corporation Limited Bund Garden, Pune, Maharashtra, India · State Bank of India Industrial Finance Branch, Kasarwadi, Pimpri Branch, Pune – 411034, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G. N. Joshi Associates Chartered Accountant |
|
Address : |
K K Chambers, 3rd Floor, Sir Purushottamdas, Thakurdas
Marg, Fort, Mumbai-400001, |
|
Tel. No.: |
91-22-22071551/ 22077200/ 22071417 |
|
Fax No.: |
91-22-22077592 |
|
E-Mail : |
|
|
PAN No.: |
AAAFG5663K |
|
|
|
|
Holding Company |
· Tata International Limited · Dutch Lanka Trailers Manufacturers Limited. |
|
|
|
|
Other Related Parties : |
· Tata South East Asia Limited |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.1000/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
170800 |
Equity Shares |
Rs.1000/- each |
Rs.170.800
Millions |
|
|
|
|
|
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 |
170.800 |
106.800 |
106.800 |
|
|
2] Share Application Money |
0.000 |
45.016 |
0.000 |
|
|
3] Reserves & Surplus |
28.458 |
10.598 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(13.884) |
|
|
NETWORTH |
199.258 |
162.414 |
92.916 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
122.791 |
55.862 |
100.888 |
|
|
2] Unsecured Loans |
0.000 |
39.492 |
40.000 |
|
|
TOTAL BORROWING |
122.791 |
95.354 |
140.888 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
322.049 |
257.768 |
233.804 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
161.527 |
121.251 |
119.781 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
2.500 |
1.196 |
10.030 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
155.550
|
207.363 |
147.002 |
|
|
Sundry Debtors |
196.656
|
34.920 |
59.641 |
|
|
Cash & Bank Balances |
1.541
|
1.579 |
11.274 |
|
|
Other Current Assets |
0.000
|
0.000 |
7.526 |
|
|
Loans & Advances |
27.431
|
53.295 |
43.824 |
|
Total
Current Assets |
381.178
|
297.157 |
269.267 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
206.725 |
149.821 |
148.585 |
|
|
Other Current Liabilities |
6.818
|
7.039 |
5.408 |
|
|
Provisions |
9.613
|
5.865 |
12.515 |
|
Total
Current Liabilities |
223.156
|
162.725 |
166.508 |
|
|
Net Current Assets |
158.022
|
134.432 |
102.759 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.889 |
1.234 |
|
|
|
|
|
|
|
|
TOTAL |
322.049 |
257.768 |
233.804 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1386.544 |
769.020 |
480.896 |
|
|
|
Other Income |
NA |
15.902 |
0.300 |
|
|
|
TOTAL (A) |
NA |
784.922 |
481.196 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating and Other Expenses |
NA |
724.150 |
475.370 |
|
|
|
Exchange Loss |
NA |
4.324 |
18.914 |
|
|
|
TOTAL (B) |
NA |
728.474 |
494.284 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
56.448 |
(13.088) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
15.442 |
16.379 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
42.514 |
41.006 |
(29.467) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
5.090 |
4.227 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
35.916 |
(33.694) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
11.433 |
(9.013) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
27.818 |
24.483 |
(24.681) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
10.598 |
(13.885) |
10.796 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.800 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
25.658 |
10.598 |
(13.885) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
4.871 |
0.000 |
0.671 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
100.383 |
0.000 |
31.804 |
|
|
|
Accessories Stores & Part of Trailer |
0.000 |
181.873 |
174.404 |
|
|
|
Capital Goods |
0.000 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
100.383 |
181.873 |
206.208 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
155 |
229 |
(178)
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
3.12 |
(5.13) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
4.67 |
(7.01) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
8.58 |
(8.66) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.22 |
(0.36) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.74
|
1.59 |
3.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71
|
1.83 |
1.62 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
- Creditors Due Small Micro Enterprises |
3.383 |
16.892 |
1.924 |
|
- Creditors Due others |
203.342 |
132.929 |
146.661 |
|
|
|
|
|
|
Total |
206.725 |
149.821 |
148.585 |
|
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 |
No |
|
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] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN 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 |
OPERATIONS:
The Company sold
2329 trailers during 2010-11 with a turnover (net of excise) of Rs.1386.544 Millions
compared to sale of 1379 trailers and a turnover of Rs.769.020 Millions in the
previous year.
FORM 8:
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10211233 |
|
Corporate identity
number of the company |
U34200MH2005PTC154348 |
|
Name of the
company |
TATA
INTERNATIONAL DLT PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
3rd Floor Sterling
Centre, Dr A B Road Worli, Mumbai -400018, Maharashtra, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
State Bank of
India Industrial
Finance Branch, Kasarwadi, Pimpri, Pune – 411034, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of mortgage
dated 15th November, 2011 |
|
Date of
instrument Creating the charge |
15/11/2011 |
|
Amount secured by
the charge |
Rs.200.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest 13.5% P.A. (Monthly
Rest) Terms of
Repayment As Per Agreement Margin As Per Agreement Extent and
Operation of the charge Type of
facilities: Cash Credit
Rs.100.000 Millions DCC, LC and BG:
1st charge ranking pari passu along with HSBC Bank, on entire current assets
viz. Raw Material, SIP, FG and Book Debts (both P and F) and on all the
immovable property of the company situate at Gat No 1100 and 1102 at Waki
Budruk Tal Khed Pune together with Plant and Machineries, Tools and
accessories fixed to land or not and shall continue till full repayment of
loan. Others All other terms
and conditions are as per agreement. |
|
Short particulars
of the property charged |
All present and
future stocks, raw materials, goods, book debts and vehicles and all other movable
assets of the borrower/s including receivables, document of titles to goods,
outstanding monies, bills, invoices, documents, contracts, insurance
policies, guarantees, engagements, securities, investments and all present
machineries. (First Parri Passu
charge on the said assets along with HSBC) |
|
Particulars of
the present modification |
Additional
security given viz. 1st charge ranking pari passu with HSBC Bank on all that
piece and parcel of property adm 4h 80R out of Gat No 1100 and 40R out of Gat
No 1102 situate At Vill Waki Budruk Tal Khed Pune along with all building and
structure, rights, interests and title thereon and all engines, boilers,
motors, machineries (whether fixed or not) Plant, Electric and Other
Installations, Implements, Equipments, Tools, Utensils, Appliances, Articles,
Chattles and things to be installed or erected thereof |
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Office Equipment
· Computer
· Furniture and Fixture
· 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 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.55.64 |
|
|
1 |
Rs.87.31 |
|
Euro |
1 |
Rs.68.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
42 |
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.