|
Report Date : |
08.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
BONFIGLIOLI TRANSMISSIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. AC7-AC 11, SIDCO Industrial Estate, Thirumudivakkam, Chennai
– 600044, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.06.1998 |
|
|
|
|
Com. Reg. No.: |
18-40717 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.400.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29309TN1998PTC040717 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEB04482C CHEB02226A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB1675N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Instrumentation Control Equipments,
Gear Boxes and Electric Motors. |
|
|
|
|
No. of Employees
: |
500 (Approximately) [Factory + Branches] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Bonfiglioli Riduttori S.P.A. It is an
established company having satisfactory track. It has recorded an impressive growth in its sales and profits during
2011. Trade relations are reported as decent. Business is active. Payments
are reported to be usually correct. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Plot No. AC7-AC 11, SIDCO Industrial Estate, Thirumudivakkam, Chennai
– 600044, |
|
Tel. No.: |
91-44-24781035/ 1036/ 1037/ 1463/ 2478/ 2128/ 2129 |
|
Fax No.: |
91-44-24781904/ 0091/ 0092 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq. ft (Approximately) |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located At:
|
|
|
|
|
Regional Office : |
Located At:
|
DIRECTORS
AS ON 30.09.2011
|
Name : |
Ms. Sonia Bonfiglioli |
|
Designation : |
Chairman and Managing Director |
|
Address : |
VIA Dell Oser Vanza 78, 40136 Bologna, Italy |
|
Date of Birth/Age : |
25.11.1963 |
|
Qualification : |
B.E., M.B.A |
|
Date of Appointment : |
20.11.1998 |
|
DIN No. : |
02433473 |
|
|
|
|
Name : |
Mr. Pacetti Tiziano |
|
Designation : |
Director |
|
Address : |
Yuri Gagarin 24/01 Coniugato 40136 Italy |
|
Qualification : |
MBA |
|
Date of Appointment : |
30.06.2008 |
|
DIN No. : |
02329181 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Bonfiglili Riduttori S.p.a, Italy |
|
39999990 |
|
Ganesh Muthuswamy |
|
10 |
|
|
|
|
|
Total |
|
40000000 |
AS ON 30.09.2011
Equity Shares Break – up
|
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 |
|
99.99 |
|
Directors or relatives of Directors |
|
0.01 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Instrumentation Control Equipments, Gear
Boxes and Electric Motors. |
||||
|
|
|
||||
|
Products : |
·
Speed reducers, fixed speed gear motors ·
Electric Motors ·
Mechanical speed variators ·
Electric drives · Gearboxes for mobile machinery |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
|
Gear Boxes and Gear Motors |
Nos |
Not Applicable |
On a review of the technical aspects of the capacity it is considered
by the management that the installed capacity is not determinable. |
184,258 |
GENERAL INFORMATION
|
No. of Employees : |
500 (Approximately) [Factory + Branches] |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
ING Vysya Bank Limited Mount Road, 185, Anna Salai, Near TVS, Chennai – 600006, Tamilnadu,
India ·
HDFC Bank Limited HDFC Bank Housenapati Bapat Marg, Lower Parel (West), Mumbai – 400013,
Maharashtra, India ·
ICICI Bank Limited ICICI Bank Towers, 93, Santhome High Road, Chennai – 600028,
Tamilnadu, India ·
Axis
Bank Limited CMC, Karumuthu
Nilayam, No.192, Anna Salai, Chennai – 600002, Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountant |
|
Address : |
|
|
PAN No. : |
AADFP9359C |
|
|
|
|
Holding Company : |
·
Bonfiglili Riduttori S.p.a, Italy |
|
|
|
|
Fellow Subsidiaries : |
·
Bonfiglioli Transmissions (Australia) Pty
Limited, Australia · Bonfiglioli Trasmission (Australia) Pty Limited – New Zealand · Bonfiglioli Vectron, GmbH · Bonfiglioli South Africa Pty Limited · Bonfiglioli Transmissions S.A ·
Bonfiglioli U.S.A. Inc. ·
Bonfiglioli Drives (Shanghai) Company Limited · Bonfiglioli Redutores do Brasil Industrial Commercial Limited · Bonfiglioli Vietnam Limited · Bonfiglioli Slovakia Sro · Tecnoingranaggi Riduttori Srl · Bonfiglioli Deutschland GmbH · Tecnotrans Bonfiglioli S.A. |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
Rs.10/- each |
Rs.800.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs. 10/- each |
Rs.400.000 Millions |
|
|
|
|
|
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs. 10/- each |
Rs.400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs. 10/- each |
Rs.400.000 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 |
400.000 |
400.000 |
400.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
465.139 |
423.107 |
401.666 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
865.139 |
823.107 |
801.666 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1290.977 |
986.175 |
879.381 |
|
|
2] Unsecured Loans |
585.357 |
601.404 |
647.166 |
|
|
TOTAL BORROWING |
1876.334 |
1587.579 |
1526.547 |
|
|
DEFERRED TAX LIABILITIES |
53.115 |
36.602 |
21.547 |
|
|
|
|
|
|
|
|
TOTAL |
2794.588 |
2447.288 |
2349.760 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1201.857 |
1042.315 |
926.042 |
|
|
Capital work-in-progress |
125.862 |
119.090 |
91.711 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1361.413
|
1067.735
|
1080.869 |
|
|
Sundry Debtors |
1181.304
|
903.516
|
543.736 |
|
|
Cash & Bank Balances |
21.772
|
13.024
|
27.053 |
|
|
Other Current Assets |
0.319
|
0.989
|
0.993 |
|
|
Loans & Advances |
698.760
|
524.652
|
499.206 |
|
Total
Current Assets |
3263.568
|
2509.916
|
2151.857 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
1715.452
|
1167.637
|
792.667 |
|
|
Other Current Liabilities |
67.589
|
46.176
|
18.799 |
|
|
Provisions |
13.658
|
10.220
|
8.384 |
|
Total
Current Liabilities |
1796.699
|
1224.033
|
819.850 |
|
|
Net Current Assets |
1466.869
|
1285.883
|
1332.007 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2794.588 |
2447.288 |
2349.760 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4598.453 |
2650.561 |
2675.407 |
|
|
|
Other Income |
NA |
NA |
35.242 |
|
|
|
TOTAL (A) |
NA |
NA |
2710.649 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
2512.389 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
399.360 |
329.796 |
198.260 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
171.466 |
166.540 |
159.978 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
227.894 |
158.420 |
38.282 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
169.349 |
126.959 |
110.612 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
58.545 |
31.461 |
(72.330) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
16.513 |
10.020 |
(17.462) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
42.032 |
21.441 |
(54.868) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
990.590 |
393.426 |
NA |
|
|
|
Commission Income and Service Charges |
25.345 |
39.552 |
NA |
|
|
TOTAL EARNINGS |
1015.935 |
432.978 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
959.442 |
577.057 |
NA |
|
|
|
Trading Goods |
793.874 |
469.670 |
NA |
|
|
|
Capital Goods |
236.007 |
231.531 |
NA |
|
|
TOTAL IMPORTS |
1989.323 |
1278.258 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.05 |
0.54 |
(1.37) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
(2.02) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.27
|
1.19
|
(2.70) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.31
|
0.89
|
(2.35) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.04
|
(0.09) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.25
|
3.42
|
2.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.82
|
2.05
|
2.62 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes
/ No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
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 |
No |
PRODUCTION:
The Company is in the process of increasing
volumes of 700 and 500 series production for Mobile and Wind application.
FUTURE OUTLOOK:
The Directors are very confident about getting
more market share for the products in the forthcoming years to achieve better
sales and results.
FORM 8:
|
Corporate
identity number of the company |
U29309TN1998PTC040717 |
|
Name of the
company |
BONFIGLIOLI
TRANSMISSIONS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. AC7-AC
11, SIDCO Industrial Estate, Thirumudivakkam, Chennai – 600044, Tamilnadu,
India |
|
This form is for |
Modification of
charge |
|
Charge identification (ID) number of the charge to be modified |
10136049 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
ING Vysya Bank
Limited Mount Road, 185,
Anna Salai, Near TVS, Chennai – 600006, Tamilnadu, India CIN No.:
L85110KA1930PLC000124 |
|
Nature of
instrument creating charge |
Supplemental Agreement
Relating to Deposit of Title Deeds. |
|
Date of
instrument Creating the charge |
09/12/2011 |
|
Amount secured by
the charge |
Rs.200.000
millions |
|
Brief of the
principal terms and conditions and extent and operation of the charge |
Rate of Interest
– No Change Terms of
Repayment – No Change Margin – No Change Extent and operation of the charge First ranking
pari passu charge on the immovable property of the company along with Axis
Bank Limited |
|
Short particulars of the property |
All the immovable
properties |
|
Particulars of
the present modification |
There is no
change in the total limit of Rs.200.000 Millions. The present modification is, the Axis Bank
Limited charge on the same property is increased to 360.000 Millions from
Rs.100.000 Millions All other terms
and conditions are remaining same. |
FIXED ASSETS:
·
·
Building
·
Plant and machinery
·
Motor vehicles
·
Furniture and fixtures
·
Office equipments
·
Computer software
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.51.98 |
|
UK Pound |
1 |
Rs.83.68 |
|
Euro |
1 |
Rs.67.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
|
44 |
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.