MIRA INFORM REPORT
|
Report Date : |
16.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
FITWELL TOOLS AND FORGINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.5, KHT Complex, Antharasanhalli, Tumkur-572106, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.11.1983 |
|
|
|
|
Com. Reg. No.: |
08-005690 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.556 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29220KA1983PTC005690 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Forgings |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
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|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well established company having a satisfactory track
record. The financial performance seems to be good. Trade relations are reported
to be fair. Business is active. Payments are reported to be usually correct
and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. Note: In the year 2006-2007 “Sansera Engineering Private Limited”
acquire 51% stake in “Fitwell Tools and Forgings Private Limited”. |
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 : |
Unit No.5, KHT Complex, Antharasanhalli, Tumkur-572106, Karnataka,
India |
|
Tel. No.: |
91-816-2212609 |
|
Fax No.: |
91-816-2212603 |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Fatheraj Singhvi |
|
Designation : |
Director |
|
Address : |
Shanthi No.232, Vishranti Enclave, Dodakalasandra Village, Kanakapura
Road, Bangalore-560062, Karnataka, India |
|
Date of Birth/Age : |
14.04.1955 |
|
Date of Appointment : |
24.06.2011 |
|
DIN No.: |
00233146 |
|
|
|
|
Name : |
Mr. Subramanya Doddaballapur Ramarao |
|
Designation : |
Managing Director |
|
Address : |
No.22, Mico Layout, West Of Chord Road, Mahalakshmipuram,
Bangalore-560086, Karnataka, India |
|
Date of Birth/Age : |
21.04.1938 |
|
Date of Appointment : |
19.11.1993 |
|
Voter ID No.: |
XMK0666586 |
|
DIN No.: |
00522659 |
|
|
|
|
Name : |
Mr. Doddaballapur Subramanya Ananth |
|
Designation : |
Whole Time Director |
|
Address : |
No. 584, 7th Cross, 6th Main, 3rd Block,
KSR Godwa Extention HMT Layout, Bangalore-560068, Karnataka, India |
|
Date of Birth/Age : |
29.04.1973 |
|
Date of Appointment : |
24.06.2011 |
|
DIN No.: |
03414505 |
|
|
|
|
Name : |
Mr. Doddaballapur Narayan Nagakumar |
|
Designation : |
Whole Time Director |
|
Address : |
Shri Skanda Nidhi Upprahalli, Shivamookambika Nagar, Tumkur-572102,
Karnataka, India |
|
Date of Birth/Age : |
22.03.1965 |
|
Date of Appointment : |
24.06.2011 |
|
DIN No.: |
03486767 |
|
|
|
|
Name : |
Mr. Raghunath Preetham Bindiganavile |
|
Designation : |
Director |
|
Address : |
120, Duo Heights Residential Layout, Begur, Bangalore-560068,
Karnataka, India |
|
Date of Birth/Age : |
12.10.1970 |
|
Date of Appointment : |
24.06.2011 |
|
DIN No.: |
03499506 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Subramanya Doddaballapur Ramarao Father’s / Husband’s Name : D Ramarao No. 584, HMT Layout, Nagasandra, Peenya, Bangalore – 560 073, Karnataka,
India |
145240 |
|
D. Narayan Jayaram Father’s / Husband’s Name : D Narayan ‘Skanda Nivas’ 6th Cross, Devanur Road, Vijayanagar,
Tumkur, India |
2000 |
|
D. Ramarao Narayan Father’s / Husband’s Name : D Ramarao ‘Skanda Nivas’ 6th Cross, Devanur Road, Vijayanagar,
Tumkur, India |
3000 |
|
D. L. Shakunkala Father’s / Husband’s Name : D R. Subramanya No. 584, HMT Layout, Nagasandra, Peenya, Bangalore – 560 073,
Karnataka, India |
5000 |
|
D. S. Shaila Father’s / Husband’s Name : D R. Subramanya No. 584, HMT Layout, Nagasandra, Peenya, Bangalore – 560 073,
Karnataka, India |
5000 |
|
Doddaballapur Subramanya Ananth
Father’s / Husband’s Name : D R. Subramanya No. 584, HMT Layout, Nagasandra, Peenya, Bangalore – 560 073,
Karnataka, India |
5000 |
|
Doddaballapur Narayan Nagakumar Father’s / Husband’s Name : D Narayan ‘Arpana’ 4th Cross, Opposite Water Tank, Channabasaveshwaranagar,
Tumkur, India |
5000 |
|
Sansera Engineering Private Limited 261/C, Bia, Anekal Taluk Bangalore – 562 158, Karnataka, India |
181316 |
|
D Narayan Ram Mohan Father’s / Husband’s Name : D Narayan Skanda Nivas, 6th Cross, Devanoor Road Vijayanagar, Tumkur, India |
2000 |
|
Rama Devi Father’s / Husband’s Name : Shekhar No. 20, I Main, AGB Layout, II Stage, Mahalakshmipuram,
Bangalore-560086, Karnataka, India |
2000 |
|
TOTAL
|
355556 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
51.00 |
|
Directors or relatives of Directors |
49.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Forgings |
PRODUCTION STATUS (AS ON : 31.03.2012)
|
Particulars |
Unit |
31.03.2012 |
|
Installed
Capacity (Forgings) |
In Lakhs |
190.00 |
|
|
|
|
|
Actual
Production (Forgings) (Nos.) |
In Lakhs |
138.40 |
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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Financial Institution : |
Karnataka State Financial Corporation, 25, Mahatma Gandhi Road,
Bangalore-560001, Karnataka, India |
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Auditors : |
|
|
Name : |
S.R.K.K. Sharma Associates Chartered Accountant |
|
Address : |
127/5, 1st Cross Housing Board Colony, Magadi Road, Govindaraja Nagar,
Bangalore-560079, Karnataka, India |
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Tel. No.: |
91-816-23366990 |
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Mobile No.: |
91-9844942002 |
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E-Mail : |
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|
PAN No.: |
AADFS6605C |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
355560 |
Equity Shares |
Rs.10/- each |
Rs. 3.556
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 |
3.556 |
3.556 |
3.556 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
121.647 |
96.056 |
70.428 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
125.203 |
99.612 |
73.984 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
151.152 |
105.500 |
71.289 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
3.885 |
|
|
TOTAL BORROWING |
151.152 |
105.500 |
75.174 |
|
|
DEFERRED TAX LIABILITIES |
9.841 |
8.287 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
286.196 |
213.399 |
149.158 |
|
|
|
|
|
|
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|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
160.876 |
127.379 |
80.203 |
|
|
Capital work-in-progress |
14.831 |
13.060 |
4.167 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
79.009
|
59.048 |
25.251 |
|
|
Sundry Debtors |
105.137
|
73.286 |
50.136 |
|
|
Cash & Bank Balances |
5.343
|
3.271 |
2.022 |
|
|
Other Current Assets |
0.050
|
0.000 |
0.000 |
|
|
Loans & Advances |
30.199
|
28.586 |
23.349 |
|
Total
Current Assets |
219.738
|
164.191 |
100.758 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
58.861
|
45.357 |
|
|
|
Other Current Liabilities |
37.121
|
34.987 |
|
|
|
Provisions |
13.267
|
10.887 |
7.193 |
|
Total
Current Liabilities |
109.249
|
91.231 |
35.970 |
|
|
Net Current Assets |
110.489
|
72.960 |
64.788 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
286.196 |
213.399 |
149.158 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
525.249 |
392.844 |
255.498 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
485.383 |
352.050 |
236.123 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
39.866 |
40.794 |
19.375 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
14.821 |
15.286 |
7.193 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
25.045 |
25.508 |
12.182 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Consumables |
5.033 |
1.227 |
0.000 |
|
|
TOTAL IMPORTS |
5.033 |
1.227 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
70.44 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.77
|
6.49 |
4.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.47
|
13.99 |
10.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.41 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.21
|
1.06 |
1.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.01
|
1.80 |
2.80 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
FORM 8
|
Corporate
identity number of the company |
U29220KA1983PTC005690 |
|
Name of the
company |
FITWELL TOOLS AND
FORGINGS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Unit No.5, Kht Complex, Antharasanhalli, Tumkur-572106, Karnataka, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
90193030 |
|
Type of charge |
|
|
Particular of charge
holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai-400013, Maharashtra, India
|
|
Nature of
instrument creating charge |
Memo of Equitable
Mortgage by Deposit of Title Deeds by way of constructive delivery |
|
Date of
instrument Creating the charge |
28.09.2012 |
|
Amount secured by
the charge |
Rs. 276.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest TL- Base Rate
+9.80% presently 13.55% pa subject to revision from time to time. CC- CC shall be
set at the existing rate. WCDL- 12.30%pa for 90 days Terms of repayment TL- The loan
shall be repaid in 20 equal quarterly installments. There shall be no
moratorium period CC- Running account
repayable on demand. WCDL- 180 days Margin TL- 25%of the
total investment needs to be funded by way of additional equity or internal
accruals CC-25% on Stocks
and Book debts. Debtors> 90 days
and obsolete stock to be excluded. Extent and operation of the charge The charge shall
operate to the extent of entire loan amount plus interests costs expenses
commissions and other charges thereon. Other The said amount
of Rs. 276.000 Millions comprises existing limits Rs. 241.000 Millions
continued at existing level and additional limits of Rs. 35.000 Millions (Term loan-7 of Rs.
22.500 Millions and Cash Credit of Rs. 12.500 Millions) now sanctioned |
|
Short particulars
of the property charged (Including location of the property) |
Equitable
Mortgage on Company's Immovable property (a) Property A(Plot No: C-13 and
C-14)- (i) All that piece and parcel of land together with the factory
building/shed bearing Unit No.C-13,situated in Industrial estate,
Antharasanahally within the sub district of Tumkur, measuring East to
West:18.5 mtrs, North to south:24.7 Mtrs and bounded by on or towards East:
Shed No.C-12 On or towards south: Road, On or towards West: Shed No.C-14, On
or towards North: Unit No. V. (ii) All that piece and parcel of land together
with the factory building/shed bearing Unit No.C-14, situated in Industrial
estate, Antharasanahally within the sub district of Tumkur, measuring East to
West: 20.8 mtrs, North to south: 24.7 Mtrs and bounded by on or towards East:
KSSIDC's vacant land On or towards south: Road, On or towards West: Shed
No.C-13, On or towards North: Unit No. V. Both Schedule (i) and (ii)
Properties are together measuring East to West 39.30 Mtrs, North to South
24.70 Mtrs and aggregating to an extent of 970.71 Sq. Mtrs (b) Property B (Plot
No.C-11 and C-12)- All that piece and parcel of land together with the
factory building/shed bearing Unit No C-11 and C-12 situated in Industrial
estate, Antharasanahally within the sub district of Tumkur, measuring North
to South 24.975 Mtrs, East to West 34.800 Mtrs, Totally ad measuring 869.13
Mtrs bounded by On or Towards East: Shed no C-13, On or towards South:15 Mtrs
Main Road, On or towards West:12.50 Mtrs Wide Road, On or towards North: Land
of Unit No.5 (c) property-C(unit No.2) situate at Industrial Estate, KHT
Complex, Antharasanahally I Stage in Tumkur Taluk and District more fully
described in schedules to the memorandum |
|
Date of
instrument modifying the charge |
14.07.2011 |
|
Particulars of
the present modification |
The amount secured
by charge stands revised from Rs. 241.000 Millions to Rs. 276.000 Millions
(all other terms and conditions remain unchanged) |
FIXED ASSETS
- Freehold Land
- Building
- Plant and
Machinery
- Furniture and
Fixtures
- Electrical
Installation
- Office Equipments
- Vehicles
- Computers
- 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] 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. 54.62 |
|
|
1 |
Rs. 83.69 |
|
Euro |
1 |
Rs. 71.41 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.