|
Report Date : |
15.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
HYVA (INDIA) PRIVATE LIMITED (w.e.f. 24.01.2001) |
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|
|
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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: |
31.12.2010 |
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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 |
|
|
|
|
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: |
Information
declined by the management |
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 |
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Maximum Credit Limit : |
USD 7300000 |
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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 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.
INFORMATION DECLINED BY
|
Name : |
Mr. Nilanjan |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-66165590 |
|
Date : |
15.05.2012 |
LOCATIONS
|
Registered Office/ Administrative Office/ Factory : |
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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Location : |
Owned |
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|
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Factory : |
Also Located at:
·
·
·
China |
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|
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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 ·
·
·
|
DIRECTORS
As on 19.07.2011
|
Name : |
Mr. Jagadish Adde Bhat |
|
Designation : |
Managing Director |
|
Address : |
C-1302, 13th Floor, BPCL Housing Co-Operative Society,
Plot No. 3, Sector 46A, Nerul, Navi Mumbai – 400 706, |
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Date of Birth/Age : |
23.10.1964 |
|
Date of Appointment : |
02.12.2008 |
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DIN No. : |
02470009 |
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|
|
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Name : |
Mr. Roelf Hendrik Koch |
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Designation : |
Director |
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Address : |
Asselsestraat, 369, 7312
TR, |
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Date of Birth/Age : |
04.11.1954 |
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Date of Appointment : |
02.09.2004 |
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DIN No. : |
02526440 |
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|
|
|
Name : |
Mr. Rupayan Santanu
Majumdar |
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Designation : |
Alternate Director |
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Address : |
B–1/103, Hyde Park, |
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Date of Appointment : |
02.09.2009 |
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DIN No. : |
02780347 |
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|
|
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Name : |
Mr. Dijkstra Louwrence |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
01.10.1955 |
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Date of Appointment : |
18.11.1997 |
KEY EXECUTIVES
|
Name : |
Mr. Nilanjan |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.07.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sudhir
Madhav Prabhu |
|
20 |
|
Hyva
Transport Technik GMBH, |
|
1251000 |
|
|
|
|
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Total |
|
1251020 |
As on 19.07.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.99 |
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Others
|
|
0.01 |
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|
|
|
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Tipper Bodies. |
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Products : |
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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 : |
Information
declined by the management |
|||||||||
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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, |
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Facilities : |
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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 No.: |
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 Hidraulica Limited, Brasil ·
Technamics B. V., ·
Hyva Mechanics (Yang Zhou) Limited, ·
Hyva Iberica S. A., ·
Georg Hydraulik GmbH, ·
Hyva International B. V., ·
Hyva Thailand Company Limited, ·
Technomet S.R.L., ·
Amco Veba S.R.L., ·
Ferrari International, |
CAPITAL STRUCTURE
As on 31.12.2010
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 1251000 Equity Shares of Rs.10
each, fully paid are held by Hyva Transporttechnik GmbH, Austria and 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 Holding B.V.,
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
12.510 |
12.510 |
12.510 |
|
|
2] Share Application Money |
0.005 |
0.005 |
0.005 |
|
|
3] Reserves & Surplus |
1819.406 |
1444.382 |
1332.834 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1831.921 |
1456.897 |
1345.349 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.366 |
15.111 |
30.342 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
12.063 |
|
|
TOTAL BORROWING |
3.366 |
15.111 |
42.405 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1835.287 |
1472.008 |
1387.754 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
336.136 |
365.599 |
392.227 |
|
|
Capital work-in-progress |
37.301 |
4.136 |
30.326 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
44.300 |
21.356 |
14.634 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
945.472
|
808.731 |
831.906
|
|
|
Sundry Debtors |
710.215
|
577.744 |
839.026
|
|
|
Cash & Bank Balances |
333.490
|
229.978 |
95.730
|
|
|
Other Current Assets |
1.713
|
2.102 |
0.000
|
|
|
Loans & Advances |
206.027
|
156.279 |
89.552
|
|
Total
Current Assets |
2196.917
|
1774.834 |
1856.214 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
592.594 |
605.840 |
807.818
|
|
|
Other Current Liabilities |
52.057
|
58.928 |
44.378
|
|
|
Provisions |
134.716
|
29.149 |
53.451
|
|
Total
Current Liabilities |
779.367
|
693.917 |
905.647
|
|
|
Net Current Assets |
1417.550
|
1080.917 |
950.567
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1835.287 |
1472.008 |
1387.754 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
|
|
|
|
|
|
|
|
NET TURNOVER |
5238.640 |
3408.730 |
4244.310 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
659.570 |
263.260 |
704.780 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
2.530 |
6.300 |
26.130 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
657.040 |
256.970 |
678.650 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
75.960 |
82.240 |
106.820 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
581.080 |
174.730 |
571.830 |
|
|
|
|
|
|
|
|
|
|
TAX |
206.060 |
63.180 |
197.880 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)AFTER
TAX |
375.020 |
111.550 |
373.950 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
94.458 |
120.305 |
195.755 |
|
|
|
Commission |
1.947 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
96.405 |
120.305 |
195.755 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
1161.639 |
638.046 |
1097.207 |
|
|
|
Stores & Spares |
8.016 |
9.374 |
33.982 |
|
|
|
Capital Goods |
16.722 |
0.000 |
21.068 |
|
|
TOTAL IMPORTS |
1186.377 |
647.420 |
1152.257 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
299.77 |
89.17 |
298.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
11.09
|
5.13 |
13.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.94
|
8.16 |
25.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.12 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.43
|
0.49 |
0.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.82
|
2.56 |
2.05 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITOR
DETAILS
(Rs.
In Millions)
|
Particulars |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
Sundry
Creditors |
|
|
|
|
-
Due to Micro and Small Enterprises |
0.000 |
0.000 |
0.000 |
|
-
Due to creditors other than micro and small
enterprises |
592.594 |
605.840 |
807.818
|
|
Total |
592.594 |
605.840 |
807.818 |
|
Sr. No. |
Check List by Info Agents |
|
|
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 |
-- |
|
8. |
No. of employees |
No |
|
9. |
Name of person contacted |
Yes |
|
10. |
Designation of contact person |
Yes |
|
11. |
Turnover of firm for last three years |
Yes |
|
12. |
Profitability for last three years |
Yes |
|
13. |
Reasons for variations <> 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. |
Payment terms |
No |
|
20. |
Export / Import details (is applicable) |
No |
|
21. |
Market information |
-- |
|
22. |
Litigation 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, is available |
Yes |
NOTE
The Registered Office of the company has been shifted from Plot # C-255,
FINANCIAL RESULTS
Year 2010 ended on
a positive note for the automobile industry. The infrastructure development is
slowly gathering momentum and they see an opportunity for growth in this
scenario. However the competition is fast catching up and they are also facing
competition from new companies.
The company
registered a turnover of Rs.5238.640 Millions. This is the first time in the
history of subject where the Annual turnover has crossed 5000.000 Millions.
Earning per share
is 299.17 per share for a 10 rupee share.
BUSINESS SCENARIO
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 will commence manufacturing activity from August
2011. During the year they developed JT PT Valves. They have set up manufacturing
facility within the existing Navi Mumbai Factory for manufacturing JT PT
Valves. They have also started commercial production of such Valves during
2010.
CONTINGENT LIABILITIES
|
Particulars |
As on 31.12.2010 Rs. in millions |
|
a) Bank
Guarantees outstanding at year-end |
56.263 |
|
|
|
|
b) Sales
invoices discounted with banks and outstanding at the year-end |
394.086 |
|
|
|
|
c) Demands
raised by tax authorities against which the Company is in dispute in respect
of : |
|
|
- Income Tax |
20.960 |
|
Service Tax |
3.723 |
|
Entry Tax |
4.733 |
|
Excise Duty (net
of reimbursements) |
100.383 |
Notes
1.
Future cash outflows in
respect of above, it any, are determinable only on receipt of judgments / decisions
pending with various forums / authorities.
2.
The Company has received
demand of Rs.513.714 millions towards excise duty from the authorities for
non-adherence to Rule 10A of the Central Excise Valuation (Determination of
Price of Excisable Goods) Rules, 2000 against which, it has filed replies /
appeals with the appropriate authorities. According to the Management, the
additional excise duly under these orders would aggregate to Rs.57.140 millions
based on the recomputation carried out by them, as against the excise duty of
Rs.513.714 millions demanded by the authorities. However, the excise
authorities are yet to acknowledge the aforesaid amount computed by the
Management. Based on legal advice obtained, the Company has a strong case
relating to quantification of duty demand and accordingly, the amount of
Rs.456.575 millions is excluded above. Further, an amount of Rs.48.480 millions
is reimbursable from a customer.
3.
The Company had issued
Continuity Bonds aggregating Rs.625.000 millions to customs authorities for
clearance of imports on provisional basis. During the Year 2008, the assessment
in relation to imports made from group companies - was completed by the
Assistant Commissioner of Customs, GATI Valuation Cell. However, the aforesaid
bonds are yet to be cancelled. The Company is in process of completing the
necessary procedures relating to cancellation of these bonds.
4.
The Company had issued
Continuity Sends aggregating Rs.13.460 millions to customs authorities (or availing
duty exemption under DEEC scheme. The Company has fulfilled the export
obligation under the said scheme but relevant formalities with respect to
cancellation of these bonds under the said Scheme are pending.
5.
The Company has imported
goods under Exports Promotion Capital Goods [EPCG] Schema and customs duty
saved under the Scheme aggregates
Rs.42.949 millions. The export obligation have been fulfilled under the said
Scheme but relevant formalities with respect to cancellation of licences issued
under the said Scheme are pending.
FORM 8
|
Corporate
identity number of the company |
U50100MH1996PTC102299 |
|
Name of the
company |
HYVA INDIA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot
# EL – 215, M.I.D.C., Mahape, Navi Mumbai – 400 701, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Equitable
mortgage or mortgage of property by deposition 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 borrow or in the course of transit. |
|
Charge
identification number of the charge to be modified |
90148543 |
|
Date of instrument
modifying the charge |
18.04.2006 |
TRADE REFERENCES
·
Tata Motors
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
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.53.71 |
|
|
1 |
Rs.86.34 |
|
Euro |
1 |
Rs.69.23 |
INFORMATION DETAILS
|
Information Gathered
by : |
SBA |
|
|
|
|
Report Prepared
by : |
BSN |
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.