|
Report Date : |
04.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
VOLTAS MATERIAL HANDLING PRIVATE LIMITED (w.e.f.03.05.2011) |
|
|
|
|
Formerly Known
as : |
JM MATERIALS HANDLING SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5/4, Chandan Nagar, Pune-Nagar Road, Pune – 411014, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
28.02.2011 |
|
|
|
|
Com. Reg. No.: |
11-146031 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 130.500
Millions |
|
|
|
|
CIN No.: [Company Identification No.] |
U29268PN2011PTC146031 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ15667B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCJ5370R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of all kinds of Material Handling equipment
and products. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of ‘Linde Material Handling Asia
Pacific Pte Limited, Singapore’. It is an established company having moderate
track record. The company has failed to file its financial record with the
government department for the year 2013. As per available financial of 2012, there appear losses recorded by
the company due to amortization of intangibles. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock Exchange.
The exchange plans to launch the currency futures platform with advanced
trading technology by the end of November.
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 DECLINED BY
|
Name : |
Mr. Ravi Mani |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-20-67342157 |
|
Date : |
02.12.2013 |
LOCATIONS
|
Registered Office : |
5/4, Chandan Nagar, Pune-Nagar Road, Pune – 411014, Maharashtra, India
|
|
Tel. No.: |
91-20-67342156/ 57/ 67920125 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional
Office : |
A-301, Shivalik Corporate Park, Behind IOC Petrol Pump,
132 Feet Ring Road, |
|
Tel. No.: |
91-79-66306600 / 01 |
|
Fax No.: |
91-79-66301199 |
|
E-Mail : |
|
|
|
|
|
Regional
Offices : |
Also Located at: North
Zone ·
New Delhi Jaipur Chandigarh Indore West
Zone ·
Pune Mumbai East
Zone ·
Jamshedpur Kolkata Bhubaneshwar South
Zone · Bangalore Chennai Kochi Hyderabad Central
Zone ·
Nagpur |
DIRECTORS
AS ON 28.03.2013
|
Name : |
Mr. Sunil Kumar Gupta |
|||||||||||||||||||||||||||
|
Designation : |
Managing director and Chief Executive Officer |
|||||||||||||||||||||||||||
|
Address : |
E 402, Landmark Garden, Phase 1, Kalyani Nagar, Pune – 411006,
Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.09.1958 |
|||||||||||||||||||||||||||
|
Qualification : |
D.E.E. |
|||||||||||||||||||||||||||
|
Experience : |
33 Years |
|||||||||||||||||||||||||||
|
Date of Appointment : |
09.11.2012 |
|||||||||||||||||||||||||||
|
DIN No.: |
06407786 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Daniele Mario Signorini |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
V Del Sarto 55 Varese Italy 21100 |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.11.1948 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
09.03.2012 |
|||||||||||||||||||||||||||
|
DIN No.: |
03478699 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Behram Rustam Sabawala |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
D 1307 Ashok Tower, Dr. S S Rao Marg, Parel, Mumbai – 400012,
Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.09.1961 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
28.03.2013 |
|||||||||||||||||||||||||||
|
DIN No.: |
02300554 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ravi Mani |
|
Designation : |
Finance Manager |
|
|
|
|
Name : |
Mr. Vipin Kumar Verma |
|
Designation : |
Secretary |
|
Address : |
F 302, Trillium Mgarpatta City, Pune – 411013, Maharashtra, India |
|
Date of Birth/Age : |
28.09.1961 |
|
Date of Appointment : |
20.01.2012 |
|
PAN No.: |
ABAPV4699M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.03.2013
|
Names of Equity Shareholders |
|
No. of Shares |
|
Linde Material Handling Asia Pacific Pte Limited, Singapore |
|
147059 |
|
Linde Material Handling Gmbh, Germany |
|
1 |
|
|
|
|
|
Total |
|
147060 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Linde Material Handling Asia Pacific Pte Limited, Singapore |
|
1290294 |
|
|
|
|
|
Total |
|
1290294 |
AS ON 28.03.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of all kinds of Material Handling equipment
and products. |
||||||
|
|
|
||||||
|
Products/ Services : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Material Handling Equipments |
Nos. |
2,500 |
1,570 |
Notes:
As per the Industrial Policy declared in July 1991 and as amended in April 1993, no licences are required for the products manufactured by the Company.
Installed capacities are as certified by the Management and relied upon by the Auditors. These are alternative and not cumulative and as such production is not strictly comparable with the same. Production data for the production at the Company's own Plant at Pune and also includes those used for captive consumption. The Company also has a subcontracting manufacturing arrangement with Voltas Limited.
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Delloitte Haskins and Sell Chartered Accountants |
|
Address : |
Tower 3, 27th – 32nd Floor, Indiabulls Finance Center,
Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone [West], Mumbai,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Holding Company with effect from 01.05.2011 : |
Linde Material Handling Asia Pacific Pte.(LMHAPP) |
|
|
|
|
Holding Company of LMHAPP : |
Linde Material Handling GmbH (Germany) |
|
|
|
|
Ultimate Holding Company with effect from 01.05.2011 : |
Kion Group GmbH (Germany) |
|
|
|
|
Other Related Party : |
Voltas Limited [L29308MH1954PLC009371] |
|
|
|
|
Fellow Subsidiaries : |
· Om Carrelli Elevatori SPA Still GMBH URBAN-Transporte GMBH |
CAPITAL STRUCTURE
AS ON 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.500 Millions |
|
1,385,000 |
Preference Shares |
Rs. 100/- each |
Rs. 138.500 Millions |
|
|
Total |
|
Rs. 140.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
147,060 |
Equity Shares |
Rs. 10/- each |
Rs. 1.471
Millions |
|
1,290,294 |
Preference Shares |
Rs. 100/- each |
Rs. 129.029
Millions |
|
|
Total |
|
Rs. 130.500 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
28.02.2011 to
31.12.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
130.500 |
130.500 |
|
(b) Reserves & Surplus |
|
985.676 |
1102.084 |
|
(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) |
|
1116.176 |
1232.584 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
8.096 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
6.130 |
0.651 |
|
Total Non-current
Liabilities (3) |
|
6.130 |
8.747 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
302.679 |
460.908 |
|
(c)
Other current liabilities |
|
218.242 |
133.373 |
|
(d) Short-term
provisions |
|
21.604 |
27.014 |
|
Total Current
Liabilities (4) |
|
542.525 |
621.295 |
|
|
|
|
|
|
TOTAL |
|
1664.831 |
1862.626 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
114.433 |
66.986 |
|
(ii)
Intangible Assets |
|
592.864 |
751.613 |
|
(iii)
Capital work-in-progress |
|
1.447 |
2.434 |
|
(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 |
|
18.425 |
17.421 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
727.169 |
838.454 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
462.731 |
489.059 |
|
(c)
Trade receivables |
|
282.828 |
351.219 |
|
(d) Cash
and cash equivalents |
|
128.122 |
48.477 |
|
(e)
Short-term loans and advances |
|
63.981 |
135.417 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
937.662 |
1024.172 |
|
|
|
|
|
|
TOTAL |
|
1664.831 |
1862.626 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.12.2012 |
28.02.2011 to
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
2055.351 |
1427.956 |
|
|
|
Other Income |
|
NA |
NA |
|
|
|
TOTAL |
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
59.605 |
49.093 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
169.803 |
108.913 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(110.198) |
(59.820) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
6.210 |
8.096 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(116.408) |
(67.916) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
|
0.697 |
0.000 |
|
|
|
Service Commission |
|
9.110 |
1.543 |
|
|
TOTAL EARNINGS |
|
9.807 |
1.543 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
107.029 |
39.964 |
|
|
|
Finished Goods |
|
121.097 |
16.694 |
|
|
|
Capital Goods |
|
34.000 |
0.000 |
|
|
TOTAL IMPORTS |
|
262.126 |
56.658 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
|
(791.57) |
(563.98) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.12.2012 |
31.12.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(6.62) |
(3.22) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
(0.10) |
(0.05) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.73 |
1.65 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two 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 |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
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 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
Note:
The registered office of the company has been shifted from Voltas House
‘A’, Dr. Babasaheb Ambedkar Road, Chinchpokli, Mumbai – 400033, Maharashtra,
India to the present w.e.f.02.11.2012
CONTINGENT
LIABILITIES [AS ON 31.12.2012]:
In respect of guarantees aggregating Rs. 8.648 Millions (Previous year Rs. 4.047 Millions) issued by Banks at the request of the Company in favour of third parties, the Company has given security by way of Fixed Deposits.
The Company has issued Performance Corporate Guarantees aggregating Rs. 4.385 Millions (Previous Year Rs. 2.259 Millions) to various customers.
FIXED ASSETS:
· Buildings
Plant
and equipment
Furniture
and fixtures
Vehicles
Office
equipment
Goodwill
Brands
and trade marks
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. 62.34 |
|
|
1 |
Rs. 102.06 |
|
Euro |
1 |
Rs. 84.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.