MIRA
INFORM REPORT
|
Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
ROULUNDS BRAKING INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office : |
108-109, First Floor, Rishab Corporate
Tower, 16-Community Centre, Karkarduma, New
Delhi-110092, Delhi |
|
|
|
|
Country : |
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|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
21.04.1997 |
|
|
|
|
Com. Reg. No.: |
55-086779 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 49.677 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U25191DL1997PTC086779 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELR05626F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Brake Linings and Brake Pads |
|
|
|
|
No. of Employees
: |
100
(Approximately) |
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 4500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having fine track.
Financial position of the company appears to be sound. Directors are reported
to be experienced and respectable businessmen. Trade relations are reported
as fair. Business is active. Payments are reported to be regular 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
108-109, 1st Floor, Rishab
Corporate Tower, 16-Community Centre, Karkarduma,
New Delhi-110092, Delhi, India |
|
Tel. No.: |
91-11-22376291 |
|
Fax No.: |
91-11-22376291 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Livaspur, Near Bahalgarh
Chowk, Sonepat-131021, |
|
Tel. No.: |
91-130-2381163 / 64 / 2380342 |
|
Fax No.: |
91-130-2381193 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Pradeep Kumar Jain |
|
Designation : |
Managing Director |
|
Address : |
X-1543, Rajgarh Colony, Street No. 8, Jheel,
New Delhi-110031, |
|
Date of Birth/Age : |
06.04.1956 |
|
Date of Appointment : |
25.09.1997 |
|
DIN No.: |
00035214 |
Other Directorship:
|
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 |
|
U25191DL1997PTC086779 |
ROULUNDS
BRAKING INDIA PRIVATE LIMITED |
Managing
director |
25-09-97 |
25-09-97 |
- |
Active |
NO |
|
U34300DL2006PTC146923 |
ALLIANCE
FRICTION TECHNOLOGY PRIVATE LIMITED |
Director |
28-02-06 |
28-02-06 |
- |
Active |
NO |
|
U34300DL2006FTC154863 |
MENETA
AUTOMOTIVE COMPONENTS PRIVATE LIMITED |
Director |
18-10-06 |
18-10-06 |
- |
Active |
NO |
|
U51504DL2007PTC166422 |
DANBLOCK
BRAKES INDIA PRIVATE LIMITED |
Director |
30-07-07 |
30-07-07 |
25-08-07 |
Active |
NO |
|
U29253DL2007PTC167549 |
AFFINIA
INDIA PRIVATE LIMITED |
Director |
30-08-07 |
30-08-07 |
24-11-08 |
Active |
NO |
|
U29248DL2007PTC168330 |
SARVODYA
AUTOTECH PRIVATE LIMITED |
Director |
18-09-07 |
18-09-07 |
- |
Active |
NO |
|
U34300DL2011FTC213212 |
MAT
BRAKES INDIA PRIVATE LIMITED |
Director |
01-02-11 |
01-02-11 |
- |
Active |
NO |
|
Name : |
Mr. Christopher Watson |
|
Designation : |
Director |
|
Address : |
2514,
|
|
Date of Birth/Age : |
10.08.1962 |
|
Date of Appointment : |
26.10.2006 |
|
DIN No.: |
01191277 |
Other Directorship:
|
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
U25191DL1997PTC086779 |
ROULUNDS
BRAKING INDIA PRIVATE LIMITED |
Director |
26-10-06 |
26-10-06 |
Active |
NO |
|
U34300DL2006PTC146923 |
ALLIANCE
FRICTION TECHNOLOGY PRIVATE LIMITED |
Director |
26-10-06 |
26-10-06 |
Active |
NO |
|
U51504DL2007PTC166422 |
DANBLOCK
BRAKES INDIA PRIVATE LIMITED |
Director |
30-09-08 |
18-08-07 |
Active |
NO |
|
U74140DL2009FTC193291 |
MAT
INDIA TRADING COMPANY PRIVATE LIMITED |
Director |
18-08-09 |
18-08-09 |
Active |
NO |
|
U34300DL2011FTC213212 |
MAT
BRAKES INDIA PRIVATE LIMITED |
Director |
01-02-11 |
01-02-11 |
Active |
NO |
|
Name : |
Mr. George Michal Ruhl |
|
Designation : |
Director |
|
Address : |
7 Rutgers Cort, Hawthorn Woods, Illinois –
60047, USA |
|
Date of Birth/Age : |
06.06.1955 |
|
Date of Appointment : |
18.02.2010 |
|
DIN No.: |
01418887 |
Other Directorship:
|
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 |
|
U34300DL2006PTC146923 |
ALLIANCE
FRICTION TECHNOLOGY PRIVATE LIMITED |
Director |
11-05-07 |
11-05-07 |
- |
Active |
NO |
|
U51504DL2007PTC166422 |
DANBLOCK
BRAKES INDIA PRIVATE LIMITED |
Director |
30-07-07 |
30-07-07 |
- |
Active |
NO |
|
U29253DL2007PTC167549 |
AFFINIA
INDIA PRIVATE LIMITED |
Director |
30-08-07 |
30-08-07 |
01-02-08 |
Active |
NO |
|
U25191DL1997PTC086779 |
ROULUNDS
BRAKING INDIA PRIVATE LIMITED |
Director |
11-09-10 |
18-02-10 |
- |
Active |
NO |
|
Name : |
Mr. Craif Lee Gordon |
|
Designation : |
Director |
|
Address : |
1349, Lea Ln, Lake Zurich, Illinois - 60047,
USA |
|
Date of Birth/Age : |
20.02.1958 |
|
Date of Appointment : |
18.02.2010 |
|
DIN No.: |
02927650 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Mat Holding Incorporation, USA |
4965210 |
|
Roulunds Braking France S.A, France |
2490 |
|
Total |
4967700 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Brake Linings and Brake Pads |
||||
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Disc Brake Pads |
Pcs |
22958990 |
28800000 |
GENERAL INFORMATION
|
No. of Employees : |
100
(Approximately) |
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Bankers : |
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Facilities : |
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|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Haribhakti and Company Chartered Accountants |
|
Address : |
42, Free Press House, 4th Floor, 215, Nariman
Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-66391101 |
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Fax No.: |
91-22-22856237 |
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E-Mail : |
|
|
Website : |
|
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Pan No.: |
AAAFH2010F |
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|
Holding Company : |
MAT Holdings Inc. (USA) |
|
|
|
|
Fellow Subsidiaries : |
·
Danblock Brakes India
Private Limited (India) ·
Midwest Air Technologies Inc (USA). ·
Affinia Mat Brake
Components Private Limited (India) (up to December 3, 2010) ·
MAT Brakes India Private Limited (India) |
|
|
|
|
Other related parties with whom transactions have
been taken place during the period : |
·
Alliance Friction Technology Private Limited
(India) ·
Roulunds Braking Holding
Aps, (Denmark) ·
GRI Engineering and Development LLC (USA) ·
Roulunds Braking
(Shanghai) Company Limited (China) |
|
|
|
|
Entities under common control of any Individual : |
·
Roulunds Braking France
SA (France) ·
Meneta A/s (Denmark) ·
Meneta Advanced Shims
Technology A/s (Germany) ·
Meneta Automotive
Components Private Limited (India) |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs. 150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4967700 |
Equity Shares |
Rs.10/- each |
Rs. 49.677
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 |
49.677 |
49.677 |
49.677 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1080.937 |
945.674 |
811.100 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1130.614 |
995.351 |
860.777 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
456.985 |
368.535 |
76.481 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
248.533 |
|
|
TOTAL BORROWING |
456.985 |
368.535 |
325.014 |
|
|
DEFERRED TAX LIABILITIES |
6.141 |
7.628 |
6.853 |
|
|
|
|
|
|
|
|
TOTAL |
1593.740 |
1371.514 |
1192.644 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
524.327 |
589.802 |
531.050 |
|
|
Capital work-in-progress |
292.459 |
35.736 |
2.117 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
796.063
|
707.715
|
613.736
|
|
|
Sundry Debtors |
315.385
|
508.415
|
371.838
|
|
|
Cash & Bank Balances |
32.018
|
32.423
|
24.379
|
|
|
Other Current Assets |
0.428
|
0.108
|
0.228
|
|
|
Loans & Advances |
151.312
|
85.746
|
97.791
|
|
Total
Current Assets |
1295.206
|
1334.406 |
1107.972 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
475.660
|
512.648
|
31.244
|
|
|
Other Current Liabilities |
21.143
|
36.768
|
341.087
|
|
|
Provisions |
21.449
|
39.014
|
76.164
|
|
Total
Current Liabilities |
518.252
|
588.430 |
448.495 |
|
|
Net Current Assets |
776.954
|
745.976
|
659.477
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1593.740 |
1371.514 |
1192.644 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2500.093 |
2167.409 |
2536.227 |
|
|
|
Other Income |
47.769 |
39.654 |
62.160 |
|
|
|
TOTAL (A) |
2547.862 |
2207.063 |
2598.387 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
|
1396.615 |
1599.708 |
|
|
|
Purchase for Resale |
|
5.677 |
41.150 |
|
|
|
Personnel |
|
175.696 |
168.847 |
|
|
|
Manufacturing and Others |
|
399.442 |
495.596 |
|
|
|
Increase / Decrease in Stock |
|
(39.970) |
0.377 |
|
|
|
TOTAL (B) |
2359.861 |
1937.460 |
2305.678 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
[Including Financial |
269.603 |
292.709 |
|
|
|
|
Expenses] |
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
26.685 |
35.032 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
188.001 |
242.918 |
257.677 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
64.759 |
60.531 |
83.028 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
123.242 |
182.387 |
174.649 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(15.488) |
45.776 |
69.257 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
138.730 |
136.611 |
105.392 |
|
|
|
|
|
|
|
|
|
|
Extra Ordinary
Item |
NA |
2.037 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
539.255 |
433.863 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
673.829 |
539.255 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2070.186 |
1881.665 |
2157.968 |
|
|
TOTAL EARNINGS |
2070.186 |
1881.665 |
2157.968 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
722.509 |
640.110 |
1118.025 |
|
|
|
Stores & Spares |
1.140 |
7.532 |
60.648 |
|
|
|
Capital Goods |
12.844 |
5.869 |
4.387 |
|
|
|
Others |
18.821 |
10.568 |
28.853 |
|
|
TOTAL IMPORTS |
755.314 |
664.079 |
1211.913 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
27.23 |
27.09 |
21.22 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.44
|
6.30 |
4.06 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.93
|
8.41 |
6.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.77
|
9.48 |
10.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.18 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.87
|
0.97 |
0.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.50
|
2.27 |
2.47 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
No |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
No |
|
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 |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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 |
FORM 8
|
Corporate
identity number of the company |
U25191DL1997PTC086779 |
|
Name of the company
|
ROULUNDS BRAKING
INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
108-109, First
Floor, Rishab Corporate Tower, 16 - Community
Centre, Karkarduma, Delhi – 110092, India 110092 |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Others |
|
Particular of
charge holder |
The Hongkong and Shanghai Banking Corporation Limited, 25, Barakhamba Road, New Delhi, - 110001, Delhi, India |
|
Nature of instrument
creating charge |
Deed of
Hypothecation for Stocks and Receivables. |
|
Date of
instrument Creating the charge |
24/06/2011 |
|
Amount secured by
the charge |
Rs. 250.000 millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest As mutually
agreed from time to time. Terms of repayment Repayable on
demand, annually renewable. Margin The Company shall
maintain such margin as may be specified by the bank from time to time. Extent and operation of the charge First pari-passu charge on the stocks of stores and the present
and future book debts and monies receivable of the Borrower's. Other The repayment of
all monies in respect of the banking facilities including outstanding balance
and also all interests, costs, charges, expenses and other moneys payable to
The Hongkong and Shanghai Banking Corporation
Limited as per Deed of Hypothecation for Stocks and Receivables attached is
secured by the assets mentioned in the clause no 13(d). |
|
Short particulars
of the property charged (Including location of the property) |
All the Borrowers
stock-in-tarde both present and future, including
stocks of raw material, work-in-progress, spares and stores and finished
goods. All the
Borrower's present and future book debts, outstanding monies, receivables,
claims due and owing. |
FIXED ASSETS
· Land Freehold
· Building
· Agricultural Land
· Plant and machinery
· Furniture and Fixture
· Office equipments
· Vehicles
· Computer
AS PER WEB DETAILS
Profile
Founded in 1736 in
Subject is now one of the
world’s leading manufacturers of high quality friction materials to the
automotive industry, with sales and customers worldwide.
Subject product portfolio now includes flexible brake linings,
brake pads, brake shoes, brake discs and brake shoe kits, for passenger car and
light commercial. From their sister company
MENETA they have
direct access to the newest product development in back plates and anti noise
shims, which benefits their products and customers.
Subject has manufacturing facilities in
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. 52.93 |
|
|
1 |
Rs. 85.85 |
|
Euro |
1 |
Rs. 69.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--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.