MIRA
INFORM REPORT
|
Report Date : |
05.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAN DIESEL AND TURBO INDIA LIMITED (w.e.f.
11.10.2010) |
|
|
|
|
Formerly Known
As : |
MODI MIRRLEES BLACKSTONE LIMITED |
|
|
|
|
Registered
Office : |
E-73, MIDC Waluj, Aurangabad
– 431136, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2011 |
|
|
|
|
Date of
Incorporation : |
11.01.1989 |
|
|
|
|
Com. Reg. No.: |
11-050332 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 160.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1989FLC050332 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKM07805A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM0320L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Supplier and Exporter of diesel generating sets, diesel
engines service of power plant and marine related business. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2400000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of MAN Diesel and Turbo SE. It is an
established company having fine track record. Latest financials of December 2012 are not available with us. As per the previous as on December 2011, the company has reported a
significant increase in the sales turnover as well as net profitability.
Profit margin appears to be good. There are no external borrowings recorded
by the company. Financial and liquidity position seems to be strong. Trade relations are fair. Business is active. Payment terms are
regular. The company can be considered good for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another megatrend happening. The World order is changing as
economic power shifts from West to East. According to McKinsey study, it took
Britain more than 100 years to double its economic output per person during its
industrial revolution and the US later took more than 50 years to do the same.
More than a century later, China and India have doubled their GDP per capital
in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s
largest consuming block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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 (GENERAL DETAILS)
|
Name : |
Mr. Milind Gujarathi
|
|
Designation : |
Accounts Department |
|
Contact No.: |
91-240-2566700 |
|
Date : |
05.08.2013 |
LOCATIONS
|
Registered Office/ Factory : |
E-73, MIDC Waluj, Aurangabad
– 431136, Maharashtra, India |
|
Tel. No.: |
91-240-2566700 |
|
Fax No.: |
91-240-2554621 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Service Center |
402, 4th Floor, Building No,.2, Star Hub, Behind ITC Center
Marata Shar Road, Andheri (East), Mumbai – 400059, Maharashtra,
India |
DIRECTORS
As on 27.05.2013
|
Name : |
Mr. Klaus Martin Bader |
|
Designation : |
Director |
|
Address : |
Alemannenring 8, 86405, Meitingen, Erlihgen – 86405, |
|
Date of Birth/Age : |
10.06.1952 |
|
Date of Appointment : |
20.10.2005 |
|
DIN No.: |
00783683 |
|
|
|
|
Name : |
Mr. Stephan Jorg Timmermann
|
|
Designation : |
Director |
|
Address : |
Mauerstrasse 40, |
|
Date of Birth/Age : |
13.02.1961 |
|
Date of Appointment : |
12.12.2006 |
|
DIN No.: |
01015079 |
|
|
|
|
Name : |
Mr. Shiv Kumar Aggarwal
|
|
Designation : |
Managing Director |
|
Address : |
N-4, Sector-C, Plot No. 13/14, |
|
Date of Birth/Age : |
07.10.1947 |
|
Qualification : |
B.Sc, Engg. (Mech.) |
|
Date of Appointment : |
20.09.2000 |
|
DIN No.: |
00440262 |
|
|
|
|
Name : |
Mr. Emmanuel Jeganathan Ferdinand |
|
Designation : |
Whole-Time Director |
|
Address : |
C-19, Shrushti Bungalows Vasna
Road, Vadodara – 390015, Gujarat, India |
|
Date of Birth/Age : |
15.09.1958 |
|
Date of Appointment : |
25.05.2012 |
|
DIN No.: |
01180294 |
|
|
|
|
Name : |
Mr. Rene Jorg Umlauft |
|
Designation : |
Director |
|
Address : |
Burgbergstrabe 79, Erlangen – 91054, Germany |
|
Date of Birth/Age : |
09.10.1964 |
|
Date of Appointment : |
31.05.2012 |
|
DIN No.: |
05292819 |
KEY EXECUTIVES
|
Name : |
Mr. Milind Gujarathi
|
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Mr. Pritesh Vijaykumar
Gangwal |
|
Designation : |
Secretary |
|
Address : |
A-10,1-Apartment, Tirupati Supreme Enclave, Aurangabad – 431001, Maharashtra,
India |
|
Date of Birth/Age : |
12.05.1984 |
|
Date of Appointment : |
18.04.2011 |
|
PAN No.: |
AKTPG7734L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.05.2013
SHAREHOLDING DETAILS FILE ATTACHED
As on 27.05.2013
Equity Share Break up (Percentage of Total Equity)
|
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 |
95.13 |
|
Bodies corporate |
0.41 |
|
Other |
4.46 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier and Exporter of diesel generating sets, diesel
engines service of power plant and marine related business. |
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Products : |
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Exports : |
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Products : |
Diesel engine |
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Countries : |
·
Germany ·
Denmark ·
Chile |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Germany ·
Denmark |
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Terms : |
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Selling : |
L/C / Credit (30 Days / 60 Days) |
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Purchasing : |
L/C / Credit (30 Days / 60 Days) |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
300 (Approximately) |
|
|
|
|
Bankers : |
·
State Bank of India, Aurangabad,
Maharashtra, India ·
Society General Bank India |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Water House and Company Chartered Accountants |
|
Address : |
|
|
PAN No.: |
AADFP9359C |
|
|
|
|
Associate : |
MAN Diesel and Turbo UK Limited |
|
|
|
|
Fellow Subsidiary
company : |
· MAN Diesel and Turbo · MAN Diesel and Turbo Singapore Pte Limited · MAN Turbo India Private Limited ·
Gujarat Guardian Limited |
CAPITAL STRUCTURE
As on 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Share |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000000 |
Equity Share |
Rs.10/- each |
Rs.160.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
160.000 |
160.000 |
160.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
401.155 |
317.534 |
297.935 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
561.155 |
477.534 |
457.935 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
15.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
15.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
561.155 |
492.534 |
457.935 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
180.190 |
182.055 |
166.372 |
|
|
Capital work-in-progress |
0.000 |
0.007 |
5.193 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.050 |
0.050 |
0.050 |
|
|
DEFERREX TAX ASSETS |
7.434 |
5.631 |
4.512 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
293.592 |
159.395 |
150.592 |
|
|
Sundry Debtors |
267.006 |
143.430 |
209.733 |
|
|
Cash & Bank Balances |
42.846 |
29.043 |
60.128 |
|
|
Other Current Assets |
1.634 |
0.122 |
0.000 |
|
|
Loans & Advances |
62.393 |
55.279 |
44.620 |
|
Total
Current Assets |
667.471 |
387.269 |
465.073 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
201.474 |
29.028 |
145.694 |
|
|
Other Current Liabilities |
63.764 |
33.180 |
17.587 |
|
|
Provisions |
28.752 |
20.270 |
19.984 |
|
Total
Current Liabilities |
293.990 |
82.478 |
183.265 |
|
|
Net Current Assets |
373.481 |
304.791 |
281.808 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
561.155 |
492.534 |
457.935 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
640.998 |
342.017 |
443.447 |
|
|
|
Other Income |
28.859 |
16.706 |
20.700 |
|
|
|
TOTAL (A) |
669.857 |
358.723 |
464.147 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
264.141 |
|
|
|
|
|
Manufacturing service costs |
32.197 |
15.530 |
277.484 |
|
|
|
Administrative selling other expenses |
219.789 |
201.803 |
|
|
|
|
TOTAL (B) |
516.127 |
304.509 |
277.484 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
153.730 |
54.214 |
186.662 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.350 |
1.626 |
0.088 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
153.380 |
52.588 |
186.574 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
27.522 |
25.257 |
18.998 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
125.858 |
27.331 |
167.576 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
42.237 |
7.732 |
36.361 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
83.621 |
19.599 |
131.215 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
314.534 |
294.935 |
163.719 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
398.155 |
314.534 |
294.934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commission |
|
52.240 |
93.139 |
|
|
|
Service Income |
|
142.909 |
161.927 |
|
|
|
Sale of trading Spares |
321.463 |
3.414 |
0.000 |
|
|
|
Sale Consumable – Marine |
|
0.100 |
0.000 |
|
|
|
Other Income |
|
11.321 |
6.455 |
|
|
TOTAL EARNINGS |
321.463 |
209.984 |
261.521 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components for Diesel Engines/ D. G. Sets |
NA |
64.557 |
134.352 |
|
|
|
Trading Spares |
NA |
49.816 |
55.987 |
|
|
|
Capital Goods |
NA |
5.345 |
4.455 |
|
|
TOTAL IMPORTS |
NA |
119.718 |
194.794 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.23 |
1.22 |
8.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
12.48
|
5.46 |
28.27 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
19.63
|
7.99 |
37.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.85
|
4.80 |
26.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
22.43
|
0.06 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.03 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.27
|
4.70 |
2.54 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT: NOT AVAILABLE
|
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
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 |
BACKGROUND
Subject was
incorporated on 11 January 1989 under the Companies Act, 1956. The Company is engaged
in the trading of spares, marketing and engine assembling activities and
rendering of engineering services for gensets in the
domestic and export markets. The Company is headquartered in Aurangabad.
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As
on 31.12.2011 |
As
on 31.12.2010 |
|
Other debt unsecured |
0.000 |
15.000 |
|
Total |
0.000 |
15.000 |
FIXED ASSETS
·
Leasehold Land
·
Buildings
·
Plant and Machinery
·
Electrical Machinery and
Installations
·
Furniture and Fixture
·
Office Equipments
·
Computers
·
Refrigerators and Air
conditioners
·
Vehicles
·
Software
·
Drawings
AS PER WEBSITE
PRESS RELEASE
MAN ANNOUNCES
DEVELOPMENT OF ME-LGI ENGINE
On 1 July, 2013, MAN Diesel and Turbo announced the development of a new ME-LGI dual fuel engine. The engine expands the company’s dual-fuel portfolio, enabling the use of more sustainable fuels such as methanol and Liquefied Petroleum Gas (LPG).
MAN has now signed a Letter of Intent with Vancouver-based Waterfront Shipping for the use of four MAN ME-LGI engines on its ships. The engines will run on a blend of 95% methanol and 5% diesel fuel.
Waterfront Shipping, a wholly owned subsidiary of Methanex Corporation, is a global marine transportation company specializing in the safe, responsible and reliable transport of bulk chemicals and clean petroleum products. With the growing demand for cleaner marine fuel to meet environmental regulations coming into effect in Northern Europe and other regions, methanol is a promising alternative fuel for ships. “Methanol is a sulphur-free fuel and provides many environmental and clean burning benefits. In using methanol-based marine fuel, we can reduce emissions and fuel costs at the same time,” stated Jone Hognestad, President, Waterfront Shipping.
“With increasing fuel prices and upcoming shipping regulations, we identified the need to develop an engine that can enable ships to run on alternative fuels with environmental benefits. The ability of our ME-LGI engine to run on a sulphur-free fuel offers great potential,” stated Ole Grøne, Senior Vice-President, MAN Diesel and Turbo SE.
MAN developed the ME-LGI engine in response to interest from the shipping world in operating on alternatives to heavy fuel oil. Methanol and LPG carriers have already operated at sea for many years and many more LPG tankers are currently being built as the global LPG infrastructure grows. With a viable, convenient and economic fuel already on-board, exploiting a fraction of the cargo to power a vessel makes sense with another important factor being the benefit to the environment. MAN Diesel and Turbo states that it is already working towards a Tier-III-compatible ME-LGI version.
The four G50ME-LGI units are targeted for the end of 2013, with engine delivery to follow in the summer of 2015.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a
proceedings for violating money-laundering, anti-corruption or bribery or
international economic or anti-terrorism sanction laws or whose assets were
seized, blocked, frozen or ordered forfeited for violation of money laundering
or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
|
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
53 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.