MIRA
INFORM REPORT
|
Report Date : |
10.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
TEMPEL PRECISION METAL PRODUCTS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A-30, D 6, Phase II, Zone B, MEPZ, Tambaram,
Chennai-600045, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.10.2005 |
|
|
|
|
Com. Reg. No.: |
18-057901 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.19.925 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299TN2005PTC057901 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHET08979F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT3274G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Magnetic Steel Laminations. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (23) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
huge 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 on a secured 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) |
|
India |
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. A-30, D 6, Phase II, Zone B, MEPZ, Tambaram,
Chennai-600045, Tamilnadu, India |
|
Tel. No.: |
91-44-43959004 |
|
Fax No.: |
91-44-43959200 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
D-6/IV, Phase II, Zone B Madras Export Processing Zone, Tambaram Chennai - 600045 |
|
|
|
|
Overseas Office: |
·
United States ·
Canada ·
Mexico ·
China ·
Europe United Kingdom |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Baburao Pasupuneti
|
|
Designation : |
Whole time Director |
|
Address : |
6-1-654, Lakdi Ka Pool, Khairatabad,
Hyderabad-500004, Andhra Pradesh, India |
|
Date of Birth/Age : |
25.03.1951 |
|
Date of Appointment : |
11.01.2006 |
|
Din No.: |
00744568 |
|
|
|
|
Name : |
Mr. Vincent Joseph Buonanno |
|
Designation : |
Director |
|
Address : |
1405 N Dearborn, Chicago, llinois-60610, United States of America |
|
Date of Birth/Age : |
20.03.1943 |
|
Date of Appointment : |
25.10.2005 |
|
Din No.: |
01376665 |
|
|
|
|
Name : |
Mr. Jeffrey Allen Bloxdorf |
|
Designation : |
Director |
|
Address : |
11028 87th Street, Kenosha, Wisconsin-53142, United States
of America |
|
Date of Birth/Age : |
24.04.1957 |
|
Date of Appointment : |
25.10.2005 |
|
Din No.: |
01469465 |
|
|
|
|
Name : |
Mr. D Joseph Ridyard |
|
Designation : |
Director |
|
Address : |
24 W Brookwood Drive, Arlington Heights,
llinois-60004, United States of America |
|
Date of Birth/Age : |
17.12.1958 |
|
Date of Appointment : |
25.10.2005 |
|
Din No.: |
01469501 |
|
|
|
|
Name : |
Mr. Sethu Madhavan
Karattu Vellattu |
|
Designation : |
Managing director |
|
Address : |
No F1, Renuka Apts
5th Cross, Church Street, New Thippasandra,
Bangalore – 560 075, Karnataka, India |
|
Date of Birth/Age : |
20.07.1962 |
|
Date of Appointment : |
29.01.2011 |
|
DIN No.: |
03425789 |
|
|
|
|
Name : |
Mr. Sethu Madhavan
Karattu Vellattu |
|
Designation : |
Managing director |
|
Address : |
No F1, Renuka Apts
5th Cross, Church Street, New Thippasandra,
Bangalore – 560 075, Karnataka, India |
|
Date of Birth/Age : |
20.07.1962 |
|
Date of Appointment : |
29.01.2011 |
|
DIN No.: |
03425789 |
|
|
|
|
Name : |
Mr. Stephen Albert Badyna |
|
Designation : |
Additional director |
|
Address : |
27386, Primrose Lane, Mundelein, IL60060 |
|
Date of Birth/Age : |
02.09.1964 |
|
Date of Appointment : |
11.05.2012 |
|
DIN No.: |
05276938 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Temple Steel Company |
|
30273797 |
|
Baburao Pasupuneti |
|
10 |
|
Total |
|
30273807 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
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 : |
Manufacturer of Magnetic Steel Laminations. |
PRODUCTION STATUS
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Magnetic Laminations |
(In MT) |
10000 |
25000 |
11576 |
|
|
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
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Bankers : |
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Facilities : |
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|
Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
Venkat and Vasan Chartered Accountants |
|
Address : |
New No:44 (Old No:27), Parangusapuram
Street, Kodambakkam, Chennai – 600 024, Tamil Nadu, India |
|
Tel. No.: |
91-44-24832550 / 24735213 |
|
E-Mail : |
|
|
PAN No.: |
AAAFV2310G |
|
|
|
|
Reporting entity: |
Tempel Precision Metal Products India Private
Limited, India |
|
|
|
|
Parent Holding Company: |
Tempel Holdings Inc. |
|
|
|
|
Holding Company: |
Tempel Steel Company, USA |
|
|
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|
Fellow Subsidiaries: |
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|
|
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|
Associates : |
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|
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|
CAPITAL STRUCTURE
As on 30.09.2011
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 |
|
|
|
|
|
|
30273807 |
Equity Shares |
Rs.10/- each |
Rs.302.738 Millions |
|
|
|
|
|
As on 30.09.2011
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 |
|
|
|
|
|
|
19925400 |
Equity Shares |
Rs.10/- each |
Rs.19.925 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 |
19.925 |
19.925 |
17.600 |
|
|
2] Share Application Money |
282.813 |
0.000 |
2.325 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(135.597) |
(160.657) |
(263.090) |
|
|
NETWORTH |
167.141 |
(140.732) |
(243.165) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
88.114 |
89.081 |
100.546 |
|
|
TOTAL BORROWING |
88.114 |
89.081 |
100.546 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
255.255 |
(51.651) |
(142.619) |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
450.349 |
462.980 |
462.845 |
|
|
Capital work-in-progress |
0.000 |
19.801 |
60.827 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
193.636
|
229.760.
|
211.146
|
|
|
Sundry Debtors |
296.537
|
238.356
|
189.411
|
|
|
Cash & Bank Balances |
79.033
|
70.964
|
16.946
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
122.146
|
129.206
|
83.002
|
|
Total
Current Assets |
691.352
|
668.286
|
500.505
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
852.719
|
1171.580
|
1149.640
|
|
|
Other Current Liabilities |
15.648
|
18.536
|
6.236
|
|
|
Provisions |
18.079
|
12.607
|
10.931
|
|
Total
Current Liabilities |
886.446
|
1202.723
|
1166.807
|
|
|
Net Current Assets |
(195.094)
|
(534.437)
|
(666.301)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.005 |
0.011 |
|
|
|
|
|
|
|
|
TOTAL |
255.255 |
(51.651) |
(142.619) |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1308.712 |
958.307 |
720.369 |
|
|
|
Other Income |
N.A |
23.988 |
(67.806) |
|
|
|
TOTAL |
N.A |
982.295 |
652.563 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
N.A |
788.045 |
847.991 |
|
|
|
|
|
|
|
|
|
PROFIT
/ LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
N.A |
194.250 |
(195.428) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
N.A |
1.376 |
4.559 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION |
120.484 |
192.874 |
(199.987) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
96.307 |
91.877 |
75.796 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
BEFORE TAX |
24.177 |
100.997 |
(275.783) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.882) |
(1.437) |
(61.812) |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
AFTER TAX |
25.059 |
102.434 |
(213.971) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(160.657) |
(263.091) |
(49.119) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(135.598) |
(160.657) |
(263.090) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
332.165 |
208.251 |
252.812 |
|
|
|
Capital Goods |
55.035 |
70.542 |
138.868 |
|
|
|
Value of outgo on Foreign Travel |
0.227 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
387.427 |
278.793 |
391.680 |
|
|
|
|
|
|
|
|
|
|
Earnings / Loss
Per Share (Rs.) |
82.78 |
51.41 |
(121.57) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
N.A
|
10.43 |
(32.79) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.847
|
10.54 |
(38.28) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.12
|
8.93 |
(28.63) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
(0.72) |
(1.13) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.66
|
(5.38) |
(2.47) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.78
|
0.56 |
0.43 |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10298970 |
|
Corporate
identity number of the company |
U29299TN2005PTC057901 |
|
Name of the
company |
TEMPEL PRECISION
METAL PRODUCTS INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. A-30, D 6, Phase II, Zone B, MEPZ, Tambaram,
Chennai-600045, |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Others |
|
Particular of
charge holder |
Barclays Bank Plc, 20/21, Kamaraj Salai, Kanchipuram-631501, |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation. |
|
Date of
instrument Creating the charge |
07.09.2011 |
|
Amount secured by
the charge |
Rs.97.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As agreed by and
with the Bank from time to time. Terms of
Repayment As agreed by and
with the Bank from time to time. Margin As agreed by and with
the Bank from time to time. Extent and
Operation of the charge 1. 1st ranking
exclusive charge by way of Hypo. On all the Current and Movable fixed assets
both present and future of the Borrower, in favour
of Barclays Bank PLC, to secure the repayment of financial facilities granted
by the Bank to the Borrower. 2. Exclusive
charge by way of Hypothecation on all the Current assets and Movable fixed assets both present and future of the Borrower, in favour of Barclays Bank PLC, to secure the repayment of
financial facilities granted by the Bank to the to the Borrower |
|
Short particulars
of the property charged |
I)
First
ranking exclusive charge on all Current assets of the Borrower both present
and future, more particularly described in principal Deed of Hypothecation
dated 11/07/2011. II)
First
ranking exclusive charge on all Movable fixed assets of the Borrower both
present and future. III)
Exclusive
charge on all the Current assets and Movable fixed assets both present and
future of the Borrower. |
|
Date of latest
modification prior to the present modification |
04.08.2011 |
|
Particulars of
the present modification |
Bank had granted
facilities of Rs.50.000 Millions which was secured by way of Hypothecation on
Current assets and Moveable fixed assets of the Company on 11/07/2011. Said
charge was modified on 04/08/2011. Now bank has granted additional financial
facility of Rs.97.000 Millions to the Borrower and the said charge is modified and extended to the increased total facilities
of Rs.147.000 Millions |
Review of Operations:
The company had produce 11,576 MT of Steel
Laminations during the year ended 31st March 2011. During the year
the company sold 11,767 MT of Steel Laminations.
FIXED ASSETS:
·
Building
·
Plant and Machinery
·
Tools and Dies
·
Office Equipment
·
Furniture and Fittings
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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.55.52 |
|
|
1 |
Rs.88.49 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
|
|
|
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
23 |
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.