MIRA
INFORM REPORT
|
Report Date : |
06.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
CATERPILLAR INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7th Floor, |
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|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.12.2000 |
|
|
|
|
Com. Reg. No.: |
18-046255 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1772.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29244TN2000FTC046255 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEC02709A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC4615K |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
Line of Business
: |
Manufacturing of earthmoving equipment, construction and Other
industrial equipment and also provides engineering design services, marketing
support and business support to other caterpillar Group companies. |
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|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (57) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
|
Maximum Credit Limit : |
USD 43600000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of Caterpillar Commercial SA, In view of strong holding the company can be considered for business
dealings at usual trade terms and condition. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH |
|
Rating |
Long term rating: AAA |
|
Rating Explanation |
Highest credit quality and strong capacity
for payments of finance commitments |
|
Date |
20.03.2012 |
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. Moby Babu |
|
Designation : |
Accounts Departments |
|
Contact No.: |
91-44-42631001 |
|
Date : |
05.08.2013 |
LOCATIONS
|
Registered Office : |
7th Floor, |
|
Tel. No.: |
91-44-42691001 / 2 |
|
Fax No.: |
91-44-42691003 |
|
E-Mail : |
|
|
Website : |
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|
|
Factory : |
BCP Unit, Melnallathur, Thiruvallur - 602004, Tamilnadu, India Located at ·
Sriperumbudur ·
Hosur ·
|
DIRECTORS
As on 26.09.2012
|
Name : |
Mr. Ajay Shankar |
|
Designation : |
Whole time Director |
|
Address : |
|
|
Date of Birth/Age : |
26.08.1948 |
|
Date of Appointment : |
27.08.2009 |
|
DIN No.: |
00387684 |
|
|
|
|
Name : |
Mr. Rengarajan Sundararajan |
|
Designation : |
Whole time Director |
|
Address : |
Flat 401, Building No. 10, Shanthi Park Apartments, Jayanagar 9th
Block, Bangalore – 560 069, Karnataka. |
|
Date of Birth/Age : |
11.04.1965 |
|
Date of Appointment : |
24.07.2006 |
|
DIN No.: |
00548101 |
|
|
|
|
Name : |
Mr. Kevin R
Thieneman |
|
Designation : |
Director |
|
Address : |
30 Mount
Elizabeth Link, |
|
Date of Birth/Age : |
15.02.1963 |
|
Date of Appointment : |
17.01.2007 |
|
DIN No.: |
01586070 |
|
|
|
|
Name : |
Mr. Ganesh Ramamurthy Iyer |
|
Designation : |
Whole time Director |
|
Address : |
2, |
|
Date of Birth/Age : |
01.06.1968 |
|
Date of Appointment : |
01.10.2008 |
|
DIN No.: |
02388483 |
|
|
|
|
Name : |
Mr. Vanmeeganathan Vivek Anand |
|
Designation : |
Director |
|
Address : |
4A, 13th Cross, Barathi Nagar Extension, Puthur PO,
Trichy-620017, |
|
Date of Birth/Age : |
25.06.1976 |
|
Date of Appointment : |
15.06.2011 |
|
DIN No.: |
03561588 |
|
|
|
|
Name : |
Mr. Ramesh Muthuraman |
|
Designation : |
Additional Director |
|
Address : |
Villa No.99, Himagiri Meadows, Near |
|
Date of Birth/Age : |
01.01.1971 |
|
Date of Appointment : |
28.06.2012 |
|
DIN No.: |
05316127 |
KEY EXECUTIVES
|
Name : |
Mr. Kodukulla Suryanarayana |
|
Designation : |
Secretary |
|
Address : |
Munnenahalli, |
|
Date of Birth/Age : |
24.05.1971 |
|
Date of Appointment : |
31.01.2011 |
|
PAN No.: |
AGJPK7305H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2012
|
Names of Shareholders |
No. of Shares |
|
Caterpillar Commercial
S.A., |
169216359 |
|
Caterpillar
Commercial |
75 |
|
Caterpillar Inc, |
7199928 |
|
F G |
800000 |
|
Total |
177216362 |
As on 26.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of earthmoving equipment, construction and Other industrial
equipment and also provides engineering design services, marketing support
and business support to other caterpillar Group companies. |
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Products : |
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Exports : |
No Export |
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Imports : |
No Import |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
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GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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|
Customers : |
End Users |
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|
|
|
No. of Employees : |
500 (Approximately) |
|
|
|
|
Bankers : |
·
Central Bank of Tel No.:
91-44-23464262 Bank of America, Chennai, Tamilnadu, India Citibank, Chennai, Tamilnadu, India |
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountant |
|
Address : |
32, |
|
PAN No.: |
AAEFP3641G |
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|
|
|
Holding Company : |
Caterpillar Commercial SA, |
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|
|
|
Ultimate Holding Company : |
Caterpillar Inc, |
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|
|
|
Fellow Subsidiaries
: |
· Caterpillar SARL F.G. Wilson Engineering Limited Caterpillar Asia Pte Limited SPL Software Alliance LLC Caterpillar Logistics Inc Perkins India Private Limited CIN No.: U29253TN2011PTC084853 Electro-Motive Diesel, Inc Caterpillar Group Services S.A. Caterpillar Logistics Services India Private Limited CIN No.: U63090TN2004PTC052782 Caterpillar China Investments Company Limited Caterpillar Japan Limited |
CAPITAL STRUCTURE
As on: 26.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
199000000 |
Equity Shares |
Rs. 10/-each |
Rs. 1990.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
177216362 |
Equity Shares |
Rs. 10/-each |
Rs. 1772.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1772.000 |
1772.000 |
|
(b) Reserves & Surplus |
|
9138.000 |
4820.000 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
10910.000 |
6592.000 |
|
|
|
|
|
|
(3)
Non-current liabilities |
|
|
|
|
(a) Long-term borrowings |
|
6620.000 |
2844.000 |
|
(b) Deferred tax liabilities (Net) |
|
248.000 |
182.000 |
|
(c) Other long term liabilities |
|
235.000 |
99.000 |
|
(d) long-term provisions |
|
261.000 |
236.000 |
|
Total Non-current Liabilities (3) |
|
7364.000 |
3361.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
200.000 |
200.000 |
|
(b) Trade payables |
|
10669.000 |
8130.000 |
|
(c) Other current
liabilities |
|
1916.000 |
1825.000 |
|
(d) Short-term provisions |
|
432.000 |
311.000 |
|
Total Current Liabilities (4) |
|
13217.000 |
10466.000 |
|
|
|
|
|
|
TOTAL |
|
31491.000 |
20419.000 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
6505.000 |
3869.000 |
|
(ii) Intangible Assets |
|
82.000 |
76.000 |
|
(iii) Capital
work-in-progress |
|
1036.000 |
673.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
741.000 |
453.000 |
|
(e) Other Non-current assets |
|
16.000 |
18.000 |
|
Total Non-Current Assets |
|
8380.000 |
5089.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
11173.000 |
8175.000 |
|
(c) Trade receivables |
|
7203.000 |
4306.000 |
|
(d) Cash and cash
equivalents |
|
1108.000 |
852.000 |
|
(e) Short-term loans and
advances |
|
3627.000 |
1997.000 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
23111.000 |
15330.000 |
|
|
|
|
|
|
TOTAL |
|
31491.000 |
20419.000 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1764.164 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1967.851 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
3732.015 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
2580.243 |
|
|
TOTAL BORROWING |
|
|
2580.243 |
|
|
DEFERRED TAX LIABILITIES |
|
|
109.910 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6422.168 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2928.577 |
|
|
Capital work-in-progress |
|
|
100.667 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
5613.469 |
|
|
Sundry Debtors |
|
|
2418.958 |
|
|
Cash & Bank Balances |
|
|
55.733 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1776.671 |
|
Total
Current Assets |
|
|
9864.831 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
4510.921 |
|
|
Other Current Liabilities |
|
|
1665.260 |
|
|
Provisions |
|
|
295.726 |
|
Total
Current Liabilities |
|
|
6471.907 |
|
|
Net Current Assets |
|
|
3392.924 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6422.168 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
43425.000 |
27758.000 |
13933.794 |
|
|
|
Other Income |
258.000 |
688.000 |
3056.472 |
|
|
|
TOTAL |
43683.000 |
28446.000 |
16990.266 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
37321.000 |
24303.000 |
15599.071 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6362.000 |
4143.000 |
1391.195 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2043.000 |
1229.000 |
336.429 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
4319.000 |
2914.000 |
1054.766 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4401.000 |
1561.000 |
555.802 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
50.000 |
|
|
BALANCE CARRIED TO
THE B/S |
8720.000 |
4401.000 |
1560.568 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
|
5826.488 |
|
|
|
Income from Engineering Design Services |
|
|
1823.224 |
|
|
|
Fees for Business Support Service |
|
|
275.267 |
|
|
|
Service Fee for Marketing Support |
|
|
98.785 |
|
|
TOTAL EARNINGS |
30692.000 |
16127.000 |
8023.764 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
3488.194 |
|
|
|
Traded Items |
|
|
54.599 |
|
|
|
Capital Goods |
|
|
247.919 |
|
|
TOTAL IMPORTS |
NA |
NA |
3790.712 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
24.37 |
16.45 |
5.98 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
9.89
|
10.24 |
6.21 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.65
|
14.93 |
9.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.42
|
21.49 |
10.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.58
|
0.63 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.63
|
0.46 |
0.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.77
|
1.48 |
1.52 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
------- |
|
22] |
Litigations that the firm
/ promoter involved in |
------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
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 |
Yes |
NOTE:
The registered office of the company has been shifted from 6 B, GST Road, Street Thomas Mount, Chennai
– 600 016, Tamilnadu, India, to the present address w.e.f. 30.06.2008
UNSECURED LOANS:
|
Particulars |
31.03.2012 (Rs.
In millions) |
31.03.2011 (Rs.
In millions) |
|
Long Term
Borrowing |
|
|
|
Term Loans from others |
6620.000 |
2844.000 |
|
Short Term
Borrowing |
|
|
|
Loans and advance from related parties |
200.000 |
200.000 |
|
Total |
6820.000 |
3044.000 |
INTEGRATED
MANUFACTURING DIVISION:
During the year,
the company built 982 Trucks and shipped 971 Trucks. This is the highest ever
built Truck in any given single year in the history of the Company. The mining
industry continued to grow at a very rapid pace due to the progressive economic
trends in ASEAN and
LARGE POWER
SYSTEMS DIVISION:
The erstwhile
Power Systems Division has been renamed as Large Power Systems Division and the
division has contributed significant growth in terms of capacity utilization,
with majority of exports. The Division has also successfully enabled the EPD
division to launch its products in
ENGINEERING DESIGN
CENTRE:
The
BUILDING PRODUCTS
DIVISION:
A new facility has been set up in the same premises where the IMOD
division is located. The Bachoe Loader and Small Wheel Loader products which were
part of the IMOD have been separated into this division keeping in view the
capacity expansion of the IMOD facility as well as the growth in the BHL market
During the year, the new BCP facility with a capacity of manufacturing 5000
Backhoe Loader Machines on a single shift basis has been constructed and the
division started operating separately w.e.f. April 2011. The manufacturing
operations of the Small Wheel Loader have been transferred to a Contract
Manufacturing facility M/s. Creative Manufacturing Solutions India Private
Limited at Banda in
FG WILSON
ENGINEERING DIVISION:
Continuous efforts are made to control costs in order to put a
sustainable cost structure in place. A number of process improvements were made
which are aiding to double the capacity to facilitate the additional demand and
introduction of new products. FG Wilson Division had no recordable injury or
Lost time case during the year. The division won the Facility of Distinction
Award for the Fifth consecutive year from Caterpillar Inc. during the year.
FIXED ASSETS
Tangible Assets
Land
Buildings
Office
building
Plant
and equipment
Other
plant and equipment
Furniture
and fixtures
Motor
vehicles
Office
equipment
Other
equipments
Intangible Assets
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. 60.82 |
|
|
1 |
Rs. 92.97 |
|
Euro |
1 |
Rs. 80.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
57 |
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.