MIRA INFORM REPORT
|
Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
H-ONE INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
HONGO INDIA PRIVATE LIMITED (w.e.f.07.01.2000) HONGO PAWHA INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
12, Udyog Vihar, Surajpur Kasna Road, Gautam Budh Nagar, Greater Noida
– 201306, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.12.1997 |
|
|
|
|
Com. Reg. No.: |
20-023702 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 477.105
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73200UP1997PTC023702 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH3032L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of Sheet Metal Component and Tools and Dies. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2380000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. The
financial strength of the company is moderate. However, it has shown
improvement in its profitability. Trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution. |
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
|
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 : |
12, Udyog Vihar, Surajpur Kasna Road, Gautam Budh Nagar, Greater Noida
– 201306, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2569892/ 93/ 94 |
|
Fax No.: |
91-120-2569895 |
|
E-Mail : |
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|
Website : |
DIRECTORS
AS ON 04.09.2012
|
Name : |
Masayuki Tanabe |
|
Designation : |
Chairman cum Managing director |
|
Address : |
728-20, Onma, Koshigaya City, Saitama Pret, Japan 3430033 |
|
Date of Birth/Age : |
15.12.1963 |
|
Date of Appointment : |
19.11.2008 |
|
DIN No.: |
02433402 |
|
|
|
|
Name : |
Mr. Arun Jain |
|
Designation : |
Whole-time director |
|
Address : |
P-3, 12 ATS Village, Plot No. 1, Express Way, Sector-93A, Noida -
201010, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.05.1973 |
|
Date of Appointment : |
28.03.2007 |
|
PAN No.: |
AARPJ9664N |
|
DIN No.: |
00566490 |
|
|
|
|
Name : |
Yoshihito Sato |
|
Designation : |
Whole-time director |
|
Address : |
5 Sangohatake, Otsakimachi, Aza Koriyama, Fukushima, Japan 5530003 |
|
Date of Birth/Age : |
31.05.1964 |
|
Date of Appointment : |
02.02.2009 |
|
DIN No.: |
02536833 |
|
|
|
|
Name : |
Keiji Ueda |
|
Designation : |
Director |
|
Address : |
160, Oaza Haramizu, Kikuyo-Machi, Kikuchi-Gun, Kumamoto, Japan |
|
Date of Birth/Age : |
10.02.1953 |
|
Date of Appointment : |
23.09.2011 |
|
DIN No.: |
03630095 |
|
|
|
|
Name : |
Atsushi Kaneda |
|
Designation : |
Director |
|
Address : |
Equas-Omiya 1201, 123-3, Kushihiki-Cho-Ichome, Omiya-Ku, Saitama,
Japan |
|
Date of Birth/Age : |
23.09.1961 |
|
Date of Appointment : |
23.09.2011 |
|
DIN No.: |
03631554 |
|
|
|
|
Name : |
Krishna Shriram |
|
Designation : |
Director |
|
Address : |
D-46, Malcha Marg, New Delhi - 110021, India |
|
Date of Birth/Age : |
03.06.1970 |
|
Date of Appointment : |
26.08.2008 |
|
DIN No.: |
00031783 |
|
|
|
|
Name : |
Satoru Hamatsu |
|
Designation : |
Alternate director |
|
Address : |
D-255, 1st Floor, Defence Colony, New Delhi - 110024, India |
|
Date of Birth/Age : |
26.12.1967 |
|
Date of Appointment : |
30.01.2012 |
|
DIN No.: |
02668532 |
|
|
|
|
Name : |
Hirohisa Nishida |
|
Designation : |
Alternate director |
|
Address : |
Tower 5, Flat No. 802, Omax NRI City, Gautam Budh Nagar, Greater
Noida, Noida – 201306, Uttar Pradesh, India |
|
Date of Birth/Age : |
26.02.1960 |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
05225252 |
KEY EXECUTIVES
|
Name : |
Mrs. Reetu Sharma |
|
Designation : |
Company Secretary |
|
Address : |
4, Bank Colony, New Delhi – 110093, India |
|
Date of Birth/Age : |
03.04.1984 |
|
Date of Appointment : |
13.06.2011 |
|
PAN No.: |
BWAPS6108N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 04.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
H-One Company Limited, Japan |
|
58015998 |
|
Pawha Builders Private Limited, India |
|
01 |
|
Usha International Limited, India |
|
3053472 |
|
Masayuki Tanabe |
|
01 |
|
|
|
|
|
Total |
|
61069472 |
AS ON 04.09.2012
|
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] |
|
95.00 |
|
Bodies
corporate |
|
5.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sheet Metal Component and Tools and Dies. |
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Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production Qty. |
|
Sheet Metal Component |
Nos. |
N/A |
10,660,00 |
3,800,213 |
|
Tools & Dies |
Nos. |
N/A |
250 |
198 |
Notes:
1. The Company's
product is exempt from licensing requirements under New Industrial Policy of
Government of India.
2. Installed Capacity as certified by the management has been accepted by
the auditors being a technical matter.
GENERAL INFORMATION
|
Customers : |
Ø Honda Ø Hero Honda Ø T-Tech Keihin Ø GM Ø Denso Ø Yamaha Ø Mahindra |
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No. of Employees : |
Not Available |
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|
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Bankers : |
Mizuho Corporate
Bank Limited, 4th Floor, East Tower, Sood Tower, 25, Barakhamba Road, New
Delhi - 110001, India |
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|
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Facilities : |
|
||||||||||||
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Chaturvedi and
Company Chartered Accountants |
|
Address : |
405 - 407,
Chiranjiv Tower, 43 Nehru Place , New Delhi, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFC9567F |
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|
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Holding company : |
H-One Company Limited |
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|
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Fellow Subsidiary company : |
CNC D-TEX
Company Limited |
CAPITAL STRUCTURE
AS ON 04.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
61,069,472 |
Equity Shares |
Rs. 10/- each |
Rs. 610.695
Millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47,710,525 |
Equity Shares |
Rs. 10/- each |
Rs. 477.105
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
477.105 |
477.105 |
477.105 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
118.966 |
85.532 |
84.847 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
596.071 |
562.637 |
561.952 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
45.000 |
0.000 |
16.667 |
|
|
2] Unsecured Loans |
230.382 |
301.475 |
626.636 |
|
|
TOTAL BORROWING |
275.382 |
301.475 |
643.303 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
OTHER LIABILITIES |
0.000 |
0.000 |
114.100 |
|
|
|
|
|
|
|
|
TOTAL |
871.453 |
864.112 |
1319.355 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
754.475 |
769.533 |
863.715 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
1.970 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.756 |
1.488 |
174.238 |
|
|
DEFERRED TAX ASSETS |
32.219 |
47.460 |
48.648 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
250.567
|
229.435 |
105.535
|
|
|
Sundry Debtors |
295.071
|
160.954 |
144.873
|
|
|
Cash & Bank Balances |
5.151
|
0.534 |
51.363
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
162.612
|
199.007 |
226.577
|
|
Total
Current Assets |
713.401
|
589.930 |
528.348
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
236.441
|
95.771 |
159.553
|
|
|
Other Current Liabilities |
310.128
|
376.664 |
35.584
|
|
|
Provisions |
83.829
|
71.864 |
102.427
|
|
Total
Current Liabilities |
630.398
|
544.299 |
297.564
|
|
|
Net Current Assets |
83.003
|
45.631 |
230.784
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
871.453 |
864.112 |
1319.355 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1280.820 |
1057.260 |
1062.730 |
|
|
|
Other Income |
246.040 |
112.090 |
101.690 |
|
|
|
TOTAL |
1526.860 |
1169.350 |
1164.420 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1299.860 |
1031.500 |
1048.500 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
227.000 |
137.850 |
115.920 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
73.930 |
61.970 |
40.260 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
153.070 |
75.880 |
75.660 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
104.390 |
137.440 |
134.360 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
(EXPENSES)/ INCOME |
0.000 |
63.950 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
48.680 |
2.390 |
(58.700) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
15.240 |
1.710 |
(21.110) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
33.440 |
0.680 |
(37.590) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
79.200 |
78.520 |
116.110 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
112.640 |
79.200 |
78.520 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
9.330 |
21.754 |
45.552 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
|
28.694 |
|
|
|
Stores & Spares |
|
|
2.268 |
|
|
|
Capital Goods |
|
|
18.753 |
|
|
TOTAL IMPORTS |
N.A. |
N.A. |
49.715 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
0.70 |
0.01 |
(0.79) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.19
|
0.06 |
(3.23) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.80
|
0.23 |
(5.52) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.32
|
0.18 |
(4.22) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.00 |
(0.10) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.58
|
0.54 |
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
1.08 |
1.78 |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Rupee term loans from banks |
112.205 |
187.692 |
|
Foreign currency term loans from banks |
18.177 |
93.783 |
|
Term loans from banks |
100.000 |
20.000 |
|
Total |
230.382 |
301.475 |
ANALYSIS
The Company
present its result for the Financial Year 31st March, 2012 and is delighted to
register growth with the increase in customer base. The Company’s Sheet Metal
Turnover has increased by 5.41%, recorded as Rs. 1033.000 Million and Total
Turnover recorded as Rs. 1526.860 Million showing total increase of 30.57% over
the previous year. The profit after tax for the year was Rs 33.440 Million as
compared to profit of Rs. 0.680 million recorded in the previous year. This
strong financial performance and significant increase in Company’s net profits
have been driven by continued business growth and sustained demonstration of
cost synergies.
BUSINESS AND
OPERATION
With the end of
the Financial Year 2011-12, The Company has an experience of fifteen years in
manufacturing of steel metal component and Die Manufacturing. The year started
with gradually growth in demand of automobiles in the Market. In this
environment, the Company made effective strategy to focus on profitability and
increase the demand through efficient market management.
To meet out the
demand of customer future expectation and other new business, Company has
installed fully automated KWPA Line for Weld Shop and 400 Ton Press Shop.
Company is
striving continuously to increase market base by increasing its Customer base
to utilize its idle capacity and reviewing production system to take out the
wastage and unnecessary cost, For this, progressive developments made in the
production of existing business of General Motors India (GM) and Honda Siel
Cars India Limited.
The proposed
business plan of the Company with the Honda Motorcycle and Scooter India
Private Limited (HMSI) and the plans to keep the track of Automobile growth in
India and make the action plan. They hope that the situation in the coming
financial years will be in upward trend again. Company is committed to adhere
to the highest standards, and will continue to strive to achieve new landmarks
and milestones.
FIXED ASSETS:
Ø Land
Ø Buildings
Ø Plant and equipment
Ø Furniture and fixtures
Ø Vehicles
Ø Office equipment
Ø 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 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. 54.39 |
|
|
1 |
Rs. 82.05 |
|
Euro |
1 |
Rs. 69.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.