MIRA INFORM REPORT
|
Report Date : |
12.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
BRAKEWEL AUTOMOTIVE COMPONENTS INDIA PRIVATE LIMITED |
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Registered
Office : |
A-99, 2nd Floor, (Right Portion), Inderpuri, New Delhi –
110012 |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
20.10.1992 |
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Com. Reg. No.: |
55-050699 |
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Capital Investment
/ Paid-up Capital : |
Rs.21.925
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U74899DL1992PTC050699 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Automobile Parts. |
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No. of Employees
: |
224 (Approximately) (Office – 24 and Factory – 200) |
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 400000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record.
There appears slight dip in profitability during the current year. However, general financial position seems to be good. Trade relations
are reported to be fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered for normal business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
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 |
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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.
INFORMATION PARTED BY
|
Name : |
Mr. D. K. Sharma |
|
Designation : |
Accountant |
|
Contact No.: |
91-9871574506 |
|
Date : |
19.03.2013 |
LOCATIONS
|
Registered Office : |
A-99, 2nd Floor, (Right Portion), Inderpuri, New Delhi –
110012, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9871574506 (Mr. D. K. Sharma) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
Area : |
350 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
C-28, Sector – 57, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2581130/ 6570908 |
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Fax No.: |
91-120-2581101/ 2585567 |
|
Area : |
1629 sq. ft. |
|
Location : |
Owned |
DIRECTORS
(AS ON 28.09.2012)
|
Name : |
Mr. Prabhsharan Singh Arora |
|
Designation : |
Director |
|
Address : |
211, ATS Village, Sector – 93-A, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
27.07.1957 |
|
Qualification : |
Graduate |
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Date of Appointment : |
20.10.1992 |
|
DIN No.: |
01160828 |
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|
|
|
Name : |
Mrs. Surinder Kaur Arora |
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Designation : |
Director |
|
Address : |
211, ATS Village, Sector – 93-A, Noida – 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
21.01.1962 |
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Qualification : |
Graduate |
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Date of Appointment : |
05.08.1996 |
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DIN No.: |
01820514 |
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|
|
|
Name : |
Mr. Sandeep Arora |
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Designation : |
Director |
|
Address : |
211, ATS Village, Sector – 93-A, Noida – 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
25.10.1982 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.09.2005 |
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DIN No.: |
03345900 |
KEY EXECUTIVES
|
Name : |
Mr. D. K. Sharma |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Prabhsharan Singh Arora |
|
147900 |
|
Surinder Kaur Arora |
|
20600 |
|
J S Arora |
|
2100 |
|
Sandeep Arora |
|
28700 |
|
Sanjeet Arora |
|
16800 |
|
Jagdish International, India |
|
3150 |
|
|
|
|
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Total |
|
219250 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
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|
|
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Directors or relatives of directors |
|
100.00 |
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|
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Total
|
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Automobile Parts. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· Thailand · Germany · Kenya · UK |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
· Saudi Arabia · Canada · Russia · Poland |
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Terms : |
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Selling : |
Credit (90 days) |
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Purchasing : |
Credit (90 days) |
GENERAL INFORMATION
|
Suppliers : |
· Owens Corning (India) Limited, Mumbai, Maharashtra, India |
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Customers : |
End Users and OEM’s · Mahindra and Mahindra, Pune, Maharashtra, India · Amber Technologies · Anapurna Cargo Care Private Limited · Asian Electronic Industry · CBS Technologies Private Limited · Cosmos International · Delhi Chambers of Commerce · Ellen Packaging Private Limited · Intech Engineers · Jyoti Industries · Kay Aaa Packers · Mangumal Packaging Private Limited · Pradeep Fire Wood Company · Premi Bright Electroplaters · 21st Century Packaging · 3E Savers India LLP |
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No. of Employees : |
224 (Approximately) (Office – 24 and Factory – 200) |
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Bankers : |
· State Bank of India SME Branch, Chandni Chowk, Delhi – 110006, India · ICICI Bank Limited · HDFC Bank |
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Facilities : |
Working Capital – Rs.35.000 Millions, Non Fund Based – Rs.5.000
Millions from State Bank of India
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M. Sahani and Company Chartered Accountant |
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Address : |
403, R. D. Chamber, 16/11, W.E.A., Arya Samaj Road, Karol Bagh, New
Delhi – 110005, India |
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PAN No.: |
AALPS3656F |
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Associates : |
· Jagdish International |
CAPITAL STRUCTURE
(AS ON 28.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
219250 |
Equity Shares |
Rs.100/- each |
Rs.21.925
Millions |
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|
|
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 |
21.925 |
21.925 |
21.925 |
|
|
2] Share Application Money |
0.150 |
0.150 |
0.150 |
|
|
3] Reserves & Surplus |
76.663 |
74.658 |
71.293 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
98.738 |
96.733 |
93.368 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
13.676 |
13.386 |
7.788 |
|
|
2] Unsecured Loans |
0.061 |
3.461 |
3.579 |
|
|
TOTAL BORROWING |
13.737 |
16.847 |
11.367 |
|
|
DEFERRED TAX LIABILITIES |
0.674 |
0.832 |
1.026 |
|
|
|
|
|
|
|
|
TOTAL |
113.149 |
114.412 |
105.761 |
|
|
|
|
|
|
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|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
13.287 |
12.665 |
30.776 |
|
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Capital work-in-progress |
32.121 |
22.926 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
5.000 |
5.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12.601
|
4.083 |
4.072 |
|
|
Sundry Debtors |
45.669
|
42.503 |
31.446 |
|
|
Cash & Bank Balances |
2.923
|
1.675 |
0.725 |
|
|
Other Current Assets |
0.118
|
0.313 |
2.252 |
|
|
Loans & Advances |
25.384
|
45.884 |
51.231 |
|
Total
Current Assets |
86.695
|
94.458 |
89.726 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
10.073
|
11.444 |
|
|
|
Other Current Liabilities |
7.428
|
7.439 |
|
|
|
Provisions |
1.453
|
1.754 |
1.461 |
|
Total
Current Liabilities |
18.954
|
20.637 |
19.741 |
|
|
Net Current Assets |
67.741
|
73.821 |
69.985 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
113.149 |
114.412 |
105.761 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
122.678 |
121.238 |
125.924 |
|
|
|
Other Income |
1.049 |
0.455 |
0.927 |
|
|
|
TOTAL (A) |
123.727 |
121.693 |
126.851 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
75.384 |
68.340 |
|
|
|
|
Purchases of Stock-in-trade |
0.000 |
0.000 |
|
|
|
|
Changes in Inventories of Finished Goods, Work-in-progress and
stock-in-trade |
(7.400) |
(0.020) |
7.344 |
|
|
|
Employee Benefits Expenses |
21.288 |
18.016 |
|
|
|
|
Other Expenses |
27.000 |
27.053 |
|
|
|
|
TOTAL (B) |
116.272 |
113.389 |
119.507 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7.455 |
8.304 |
7.344 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.463 |
1.060 |
0.993 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.992 |
7.244 |
6.351 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.103 |
2.178 |
2.108 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.889 |
5.066 |
4.243 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.295 |
1.559 |
0.853 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.594 |
3.507 |
3.390 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.83 |
15.99 |
-- |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
150.000 |
|
|
|
|
|
The above information has been parted by Mr. D. K. Sharma.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.10
|
2.88 |
2.67 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.17
|
4.18 |
3.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.95
|
4.73 |
3.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.05 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.14
|
0.17 |
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.57
|
4.58 |
4.55 |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Mr. Prabhasaran Arora |
0.046 |
2.346 |
|
Mrs. Surinder Kaur Arora |
0.015 |
1.115 |
|
|
|
|
|
Total |
0.061 |
3.461 |
NOTE:
The Registered office of the company has been
shifted form, F-233, New Rajinder Nagar, New Delhi – 110060, India to the
present address w.e.f. 01.04.2009.
FINANCIAL RESULTS
The
company's total turnover has gone up marginally to Rs.122.600 Millions as
compared to Rs.121.100 Millions in the immediately preceding financial year.
However, the net profit of the company after charging depreciation has dropped
to Rs.3.888 Millions as against Rs.5.066 Millions reported for the last
financial year on account of soaring inflation having an impact on various
overheads. The current year has commenced on a better note and the directors
are hopeful of a stupendous growth in the turnover and profitability,
The
company would also like to bring to the attention of the members that the
production of Asbestos free products using the technical know how obtained
pursuant to Technical Collaboration agreement with a Japanese Company, namely, ASK Technica Corp is showing encouraging results. The directors
expect that the use of the aforesaid technology would have positive effect both
on turnover and profitability of the company.
TRADE REFERENCE:
· Mahindra and Mahindra, Pune, Maharashtra, India
· Owens Corning (India) Limited, Mumbai, Maharashtra, India
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90046805 |
|
Corporate
identity number of the company |
U74899DL1992PTC050699 |
|
Name of the company
|
Brakewel
Automotive Components India Private Limited |
|
Address of the
registered office or of the principal place of business in |
A-99, 2nd Floor
(Right Portion), Inderpuri, New Delhi -110012 , India |
|
Type of charge |
Immovable Property Book Debts Movable Property |
|
Particular of
charge holder |
State Bank of
India SME Branch,
Chandni Chowk, Delhi – 110006, India |
|
Nature of
description of the instrument creating or modifying the charge |
1. Agreement of
Loan Cum Hypothecation (SME-2) 2. Letter of
Arrangement (SME-1) 3. Letter of
Confirmation for extension of Mortgage by deposit of Title Deeds (SME-8) |
|
Date of
instrument Creating the charge |
14/01/2013 |
|
Amount secured by
the charge |
Rs.43.600
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Interest shall be
charged @ 3.75% margin above base rate which is presently 9.75% p.a. Present
effective rate 13.50% p.a. calculated on daily products at monthly rests Terms of
Repayment Working Capital :
Repayable on demand Term Loan of
Rs.3.100 Millions shall be repayable in 36 Equal Monthly Installments of Rs.
86112/- each with first installment commencing from 31st Jan 2013 plus
interest as and when applied. Margin Raw Material :
Indigenous, Semi Finished Goods, Finished goods : 25% Domestic
Receivables (Cover period of 120 days) : 40% EPC orders : 10% Letter of Credit
: 25% Bank Guarantees :
25% Term Loan/DPG :
34% Extent and
Operation of the charge The co.'s movable
and Immovable properties as mentioned hereunder are hereby hypothecated and Mortgaged
to secure credit facilities aggregating to Rs.43.600 Millions granted by the
bank to the borrower Others. |
|
Short particulars
of the property charged |
First charge on
all current assets of the firm, including hypothecation of stocks of all types
of material including good in transit and all receivables, present and
future. First charge on
all fixed assets of the company Equitable
mortgage of Company's immovable property situated at C-28, Sector-57, Noida. |
|
Particulars of the
present modification |
On renewal, the
overall credit facilities granted by the bank to the borrower has now been
enhanced upto Rs.43.600 Millions. Therefore total amount of charge secured
against hypothecation of current assets, fixed assets and company's immovable
properties as per detail mentioned in column no. 15 above has now been
enhanced upto Rs.43.600 Millions. |
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Pollution Control Equipment
· Furniture and Fixtures
· Office Equipments
· Vehicles
· Computers
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.54.46 |
|
|
1 |
Rs.83.13 |
|
Euro |
1 |
Rs.70.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.