1. Summary Information
|
|
|
Country |
|
|
Company Name |
QUEST GLOBAL
MANUFACTURING PRIVATE LIMITED |
Principal Name 1 |
Mr. Aravind Shivaputrappa Melligeri |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ajit Aravind Prabhu |
|
|
|
Registration # |
08-026760 |
|
Street Address |
No.
7/13, 21/2 Bhattarhalli, 14th KM, |
||
|
Established Date |
27.03.2000 |
SIC Code |
-- |
|
Telephone# |
91-80-42495000 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-42495010 |
Business Style 2 |
Automobile parts, aerospace parts, aerospace equipments,
gear parts and auto gear parts. |
|
Homepage |
Product Name 1 |
Machined Parts |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.31,894,7350
/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 15.20% Other top fifty shareholders -84.80% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
12 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
-- |
QUEST SEZ Development Private Limited
(QSEZ) |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
250,122,000 |
Current Liabilities |
245,779,000 |
|
Inventories |
85,187,000 |
Long-term Liabilities |
432,755,000 |
|
Fixed Assets |
477,227,000 |
Other Liabilities |
5,666,000 |
|
Deferred Assets |
-- |
Total Liabilities |
684,200,000 |
|
Invest& other Assets |
54,417,000 |
Retained Earnings |
-- |
|
|
|
Net Worth |
182,753,000 |
|
Total Assets |
866,953,000 |
Total Liab. & Equity |
866,953,000 |
|
Total Assets (Previous Year) |
701,730,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
393,860,000 |
Net Profit |
(128,139,000) |
|
Sales(Previous yr) |
252,311,000 |
Net Profit(Prev.yr) |
3,377,000 |
|
Report Date : |
21.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
QUEST GLOBAL MANUFACTURING PRIVATE LIMITED (w.e.f. 24.03.2010) |
|
|
|
|
Formerly Known
As : |
QUEST MACHINING AND MANUFACTURING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 7/13, 21/2 Bhattarhalli, 14th KM, |
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|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
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|
|
|
Date of
Incorporation : |
27.03.2000 |
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|
|
|
Com. Reg. No.: |
08-026760 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.318.947 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U80302KA2000PTC026760 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRM02575G |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCM3073E |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of automobile parts, aerospace parts, aerospace equipments, gear parts and auto gear parts. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 730000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an establishment company having moderate track. There
appears some accumulated losses recorded by the company. However, Trade relations
are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
No. 7/13, 21/2 Bhattarhalli, 14th KM, |
|
Tel. No.: |
91-80-42495000 |
|
Fax No.: |
91-80-42495010 |
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E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Quest Special Economic Zone, No437/A, |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Aravind Shivaputrappa Melligeri |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Director |
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Address : |
|
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Date of Birth/Age : |
24.03.1968 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Qualification : |
B.E., M.E. |
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Date of Appointment : |
27.03.2000 |
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|
DIN No.: |
00787735 |
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Other Directorship
|
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|
Name : |
Mr. Ajit Aravind Prabhu |
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|
Designation : |
Director |
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|
Address : |
5 Pinewood Grove – |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.07.1970 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Qualification : |
B.E., M.E. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.03.2000 |
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|
DIN No.: |
00219221 |
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Other Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ajay Aravind Prabhu |
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|
Designation : |
Director |
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Address : |
#67, Purva |
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Date of Birth/Age : |
19.07.1968 |
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Qualification : |
B.E., MS., Ph.D. |
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Date of Appointment : |
31.07.2003 |
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DIN No.: |
00477195 |
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Other Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Natarajan Rajgopal Iyer |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
#318, 1st |
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Date of Birth/Age : |
20.07.1961 |
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Qualification : |
Masters in Labour Laws and Labour Welfare |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
29.09.2011 |
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DIN No.: |
03295734 |
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KEY EXECUTIVES
|
Name : |
Mr. Ravi M Hugar |
|
Designation : |
Company Secretary |
|
Address : |
Shivabasavanagar, |
|
Date of Birth/Age : |
02.06.1982 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
09.05.2008 |
|
Pan No. : |
ACLPH2883D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Jagadish Shivaputrappa Melligeri |
|
50 |
|
Ajit Arvind Prabhu |
|
50 |
|
Ajay Arvind Prabhu |
|
100 |
|
IL and FS Trust Company Limited (on behalf
of Prabhu Private Trust), |
|
15947267 |
|
IL and FS Trust Company Limited (on
behalf of Melligeri Private Trust), |
|
15947268 |
|
QMSEZ Inc, Cayman Islands |
|
5717462 |
|
Total |
|
37612197 |
As on 15.12.2011
|
Names of Allottee |
|
No. of Allotted |
|
Melligeri
Private Limited Familly Foundation, India |
|
6432500 |
|
Total |
|
6432500 |
As on 08.11.2011
|
Names of Allottee |
|
No. of Allotted |
|
QMSEZ Inc, Cayman Islands |
|
2250187 |
|
Total |
|
2250187 |
As on 29.09.2011
Equity Share Break up (Percentage of Total Equity)
|
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 |
15.20 |
|
Other top fifty shareholders |
84.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of automobile parts, aerospace parts, aerospace
equipments, gear parts and auto gear parts. |
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Products : |
|
PRODUCTION STATUS
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Machined parts |
Nos. |
1751054 |
1651663 |
Note:
1. The Company is exempt from the Licensing provisions of the Industries (Development and Regulation) Act, 1951.
2. Installed capacity has been stated on the basis of the total annual installed capacity as at the Balance sheet date. The installed capacity is as certified by the managements technical team.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S.R Batliboi and Associates Chartered Accountants |
|
Address : |
12th and 13th Floor, "UB
City" |
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PAN.: |
AABFS3421N |
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Ultimate Holding
Entity : |
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Subsidiaries : |
QUEST Machining and Manufacturing, LLC (QMMLLC) |
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Associates : |
QUEST SEZ Development Private Limited (QSEZ) |
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Joint Ventures : |
Aerospace Processing India Private Limited (API) |
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Enterprises owned
or significantly influenced by : |
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|
|
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Key management
personnel or their relatives : |
|
|
|
|
|
|
Setforge QUEST Forging India Private Limited (Setforge) |
CAPITAL STRUCTURE
After 29.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47000000 |
Equity Shares |
Rs.10/- each |
Rs.470.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46294884 |
Equity Shares |
Rs.10/- each |
Rs.462.949 Millions |
|
|
|
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As on 29.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38000000 |
Equity Shares |
Rs.10/- each |
Rs.380.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37612197 |
Equity Shares |
Rs.10/- each |
Rs.376.122
Millions |
|
|
|
|
|
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38000000 |
Equity Shares |
Rs.10/- each |
Rs.380.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31894735 |
Equity Shares |
Rs.10/- each |
Rs.318.947
Millions |
|
|
|
|
|
|
|
|
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|
Footnotes
(A) Of the above 15,947,268 shares (2010 -- Nil shares) are held
by Melligeri Private Trust, 15,947,267 shares (2010 -- Nil shares) are held by
Prabhu Private Trust and Nil shares (2010 -- 31,894,535 shares) are held by
Quality Engineering and Software Technologies Private Limited ('QuEST
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 |
318.947 |
318.947 |
190.000 |
|
|
2] Share Application Money |
57.175 |
0.000 |
4.947 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(193.369) |
(65.230) |
(68.608) |
|
|
NETWORTH |
182.753 |
253.717 |
126.339 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
415.255 |
305.243 |
155.060 |
|
|
2] Unsecured Loans |
17.500 |
17.500 |
49.000 |
|
|
TOTAL BORROWING |
432.755 |
322.743 |
204.060 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
615.508 |
576.460 |
330.399 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
477.227 |
218.240 |
182.801 |
|
|
Capital work-in-progress |
21.555 |
155.186 |
42.826 |
|
|
|
|
|
|
|
|
INVESTMENT |
32.862 |
23.743 |
28.451 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
85.187
|
64.399 |
38.139 |
|
|
Sundry Debtors |
126.675
|
89.076 |
91.338 |
|
|
Cash & Bank Balances |
15.922
|
75.457 |
10.116 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
107.525
|
75.629 |
42.557 |
|
Total
Current Assets |
335.309
|
304.561 |
182.150 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
231.015
|
108.199 |
78.598 |
|
|
Other Current Liabilities |
14.764
|
14.914 |
25.507 |
|
|
Provisions |
5.666
|
2.157 |
1.724 |
|
Total
Current Liabilities |
251.445
|
125.270 |
105.829 |
|
|
Net Current Assets |
83.864
|
179.291 |
76.321 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
615.508 |
576.460 |
330.399 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
|
TOTAL REVENUES
|
393.860 |
252.311 |
244.506 |
|
|
|
|
|
|
|
|
Less |
|
TOTAL EXPENSES |
521.999 |
248.934 |
241.012 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(128.139) |
3.377 |
(13.309) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.840 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(128.139) |
3.377 |
(14.149) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
307.276 |
200.741 |
NA |
|
|
TOTAL
EARNINGS |
307.276 |
200.741 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
93.887 |
62.105 |
NA |
|
|
|
Capital Goods |
134.576 |
109.288 |
NA |
|
|
TOTAL IMPORTS |
228.463 |
171.393 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(4.02) |
0.18 |
(1.60) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(15.77)
|
0.65 |
(3.65) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.70)
|
0.01 |
(0.11) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.74
|
1.77 |
2.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33
|
2.43 |
1.72 |
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) 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 |
-- |
|
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 |
Operating Results
During the period, the company recorded a marginal increase in the revenue as compared to the last year. But due to increased expenditure the company incurred a net loss approximately of Rs.120.000 Millions. The increase in the expenditure is due to the cost towards the procurement of resources and recruitment of manpower required to meet the expansion requirements. However they foresee an increase in the profitability in the coming years.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U80302KA2000PTC026760 |
|
Name of the company
|
QUEST GLOBAL MANUFACTURING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No. 7/13, 21/2 Bhattarhalli, 14th KM, |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10007012 |
|
Type of charge |
· Book debts · Movable property (not being pledge) ·
Floating charge |
|
Particular of
charge holder |
State Bank of India, Industrial Finance branch, 61, Residency Road,
Bangalore – 560025, Karnataka, India |
|
Nature of
instrument creating charge |
Supplemental
agreement of hypothecation of goods and assets for increase in the overall
limit form C-2a and letter regarding the grant of individual limits within
the overall limit form C-5 (both pertain to the same charge). |
|
Date of
instrument Creating the charge |
27.04.2011 |
|
Amount secured by
the charge |
Rs.621.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 1). WCL/TL 1 - at
6.00% above br, effective 14.25% per annum. 2). TL 2 and 3 -
at 6.50% above br, effective 14.75% per annum. Terms of Repayment WCL - on demand.
Advance is for a period of 12 months. TL - as per
existing terms of sanction. Margin RM/SIP/FG/BD/RECEIVABLES
: 25% Stores and spares
: 25% LC/BG : 15 % TL - as per
existing terms of sanction. Extent and Operation of the charge Exclusive first
charge on the assets of the company and to the full extent. Others Cash credit
Rs.180.000 Millions; TL-1 Rs 50.000 Millions; TL-2 Rs.28.500 Millions; TL-3
Rs.307.500 Millions; LC Rs.50.000 Millions; forward contract Rs.5.000
Millions; total Rs 621.000 Millions. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypo. of
company's present and future movable fixed assets and current assets like
stocks, raw materials, semi finished and finished goods, book debts,
receivables, outstanding monies, bills, rights, stores, components, furniture
and fittings; other movables, equipments and machinery and assets to be
purchased out of bank finance. |
|
Date of
instrument modifying the charge |
18.10.2010 |
|
Particulars of
the present modification |
The amount secured
by the charge stands increased to Rs. 621.000 Millions. The securities
described and detailed in col no 15 herein above continue for the enhanced
limit. All other terms and conditions remain unchanged. |
FIXED ASSETS
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.54.88 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.