MIRA
INFORM REPORT
|
Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
TEMPEL PRECISION METAL PRODUCTS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 7, Gudapakkam Village, Puduchatram Po, Ponnamallee Taluka,
Tiruvallur – 602124, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.10.2005 |
|
|
|
|
Com. Reg. No.: |
18-057901 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 352.020 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299TN2005PTC057901 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHET08979F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT3274G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Magnetic Steel Laminations. |
|
|
|
|
No. of Employees
: |
(Approximately) 320 Permanent and 160 Job Workers |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 560000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Temple Holding Inc, USA. It is an
established company having a moderate track record. Management of the company has not filed its latest financial with the
government department. As per previous year financial (i.e. 2012), there appears huge
accumulated losses recorded. However, capital base seems to be strong. The subject also gets strong managerial and technical support from its
holding company. Trade relations are fair. Business is active. Payment terms are
reported as slow. In view of experienced promoters, 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.
|
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 PARTED BY
|
Name : |
Mr. Nivas |
|
Designation : |
Finance Department |
|
Contact No.: |
91-44-66803900 |
|
Date : |
16.12.2013 |
LOCATIONS
|
Registered Office/ Factory : |
No. 7, Gudapakkam Village, Puduchatram Po, Ponnamallee Taluka, Tiruvallur
– 602124, Tamilnadu, India |
|
Tel. No.: |
91-44-66803900 |
|
Fax No.: |
91-44-66803905 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Overseas Office: |
Located at: ·
United States ·
Canada ·
Mexico ·
China ·
Europe ·
United Kingdom |
DIRECTORS
As on: 30.09.2012
|
Name : |
Mr. Vincent Joseph Buonanno |
|
Designation : |
Director |
|
Address : |
1405, N Dearborn, Chicago, llinois-60610, United States of America |
|
Date of Birth/Age : |
20.03.1943 |
|
Date of Appointment : |
25.10.2005 |
|
Din No.: |
01376665 |
|
|
|
|
Name : |
Mr. Jeffrey Allen Bloxdorf |
|
Designation : |
Director |
|
Address : |
11028, 87th Street, Kenosha, Wisconsin-53142, United States
of America |
|
Date of Birth/Age : |
24.04.1957 |
|
Date of Appointment : |
25.10.2005 |
|
Din No.: |
01469465 |
|
|
|
|
Name : |
Mr. D Joseph Ridyard |
|
Designation : |
Director |
|
Address : |
24, W Brookwood Drive, Arlington Heights, llinois-60004, United States
of America |
|
Date of Birth/Age : |
17.12.1958 |
|
Date of Appointment : |
25.10.2005 |
|
Din No.: |
01469501 |
|
|
|
|
Name : |
Mr. Sethu Madhavan Karattu Vellattu |
|
Designation : |
Managing director |
|
Address : |
No. F1, Renuka Apartment 5th Cross, Church Street, New Thippasandra,
Bangalore – 560 075, Karnataka, India |
|
Date of Birth/Age : |
20.07.1962 |
|
Date of Appointment : |
29.01.2011 |
|
DIN No.: |
03425789 |
|
|
|
|
Name : |
Mr. Goverdhan Reddy Gajjala |
|
Designation : |
Additional Director |
|
Address : |
205, 2354 Eglinton Ave East, Scarborough, Om, M1K2N9, Canada, M1K2N9, , Canada |
|
Date of Birth/Age : |
15.06.1967 |
|
Date of Appointment : |
08.05.2012 |
|
DIN No.: |
05273384 |
|
|
|
|
Name : |
Mr. Stephen Albert Badyna |
|
Designation : |
Additional director |
|
Address : |
27386, Primrose Lane, Mundelein, IL60060, United States of America |
|
Date of Birth/Age : |
02.09.1964 |
|
Date of Appointment : |
11.05.2012 |
|
DIN No.: |
05276938 |
KEY EXECUTIVES
|
Name : |
Mr. Nivas |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Tempel Steel Company |
|
35201940 |
|
Baburao Pasupuneti |
|
10 |
|
Total |
|
35201950 |
Allottes: 31.12.2012
|
Names of Allottes |
|
No. of Shares |
|
Tempel Steel Company, USA |
|
10845809 |
|
Total |
|
10845809 |
Allottes: 10.01.2013
|
Names of Allottes |
|
No. of Shares |
|
Tempel Steel Company, USA |
|
2170000 |
|
Total |
|
2170000 |
Allottes: 21.01.2013
|
Names of Allottes |
|
No. of Shares |
|
Tempel Steel Company, USA |
|
9030100 |
|
Total |
|
9030100 |
Allottes: 17.04.2013
|
Names of Allottes |
|
No. of Shares |
|
Tempel Steel Company, USA |
|
3721900 |
|
Total |
|
3721900 |
Allottes: 30.05.2013
|
Names of Allottes |
|
No. of Shares |
|
Tempel Steel Company, USA |
|
3220200 |
|
Total |
|
3220200 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.99 |
|
Bodies corporate |
|
0.01 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Magnetic Steel Laminations. |
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Products : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
China |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
PRODUCTION STATUS (As on 31.03.2012)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Magnetic Steel Laminations |
(In MT) |
100000 |
25000 |
10993 |
|
|
|
|
|
|
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||
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No. of Employees : |
(Approximately) 320 Permanent and 160 Job Workers |
||||||||||||||||||
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|
Bankers : |
Axis Bank Limited, Corporate Banking Branch, Ground Floor, Karumuthu
Nilayam, No. 192, Anna Salai, Chennai – 600002, Tamilnadu, India Tel. No.: 91-44-27666088 |
||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Venkat and Vasan Chartered Accountants |
|
Address : |
New No: 44 (Old No:27), Parangusapuram Street, Kodambakkam, Chennai –
600 024, Tamilnadu, India |
|
Tel. No.: |
91-44-24832550 / 24735213 |
|
E-Mail : |
|
|
PAN No.: |
AAAFV2310G |
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|
|
|
Reporting entity: |
Tempel Precision Metal Products India Private Limited, India |
|
|
|
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Parent Holding Company: |
Tempel Holdings Inc. |
|
|
|
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Holding Company: |
Tempel Steel Company, USA |
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|
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Fellow Subsidiaries: |
|
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
After: 30.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs.750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
64189959 |
Equity Shares |
Rs.10/- each |
Rs.641.899
Millions |
|
|
|
|
|
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs.400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35201950 |
Equity Shares |
Rs.10/- each |
Rs.352.020
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 |
352.020 |
19.925 |
19.925 |
|
|
2] Share Application Money |
0.000 |
282.812 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(211.876) |
(135.597) |
(160.657) |
|
|
NETWORTH |
140.144 |
167.140 |
(140.732) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
133.666 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
100.954 |
88.113 |
89.081 |
|
|
TOTAL BORROWING |
234.620 |
88.113 |
89.081 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
374.764 |
255.253 |
(51.651) |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
370.143 |
428.138 |
471.740 |
|
|
Capital work-in-progress |
195.405 |
22.211 |
11.040 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
83.355 |
78.476 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
200.053
|
193.636 |
229.760 |
|
|
Trade receivable |
300.539
|
296.537 |
238.356 |
|
|
Cash & Bank Balances |
189.166
|
79.033 |
70.964 |
|
|
Other Current Assets |
1.015
|
0.158 |
0.000 |
|
|
Loans & Advances |
40.506
|
42.505 |
129.207 |
|
Total
Current Assets |
731.279
|
611.869 |
668.287 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
103.820
|
134.906 |
1171.580 |
|
|
Other Current Liabilities |
891.791
|
736.084 |
18.536 |
|
|
Provisions |
9.807
|
14.451 |
12.608 |
|
Total
Current Liabilities |
1005.418
|
885.441 |
1202.724 |
|
|
Net Current Assets |
(274.139)
|
(273.572) |
(534.437) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.006 |
|
|
|
|
|
|
|
|
TOTAL |
374.764 |
255.253 |
(51.651) |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1337.912 |
1308.712 |
958.307 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.732 |
120.484 |
192.874 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
87.890 |
96.307 |
91.877 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(81.158) |
24.177 |
100.997 |
|
|
|
|
|
|
|
|
|
|
TAX |
4.879 |
(0.882) |
(1.437) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(76.279) |
25.059 |
102.434 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(135.598) |
(160.657) |
(263.091) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(211.877) |
(135.598) |
(160.657) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
604.322 |
332.165 |
208.251 |
|
|
|
Capital Goods |
24.293 |
55.035 |
70.542 |
|
|
|
Value of outgo on Foreign Travel |
1.527 |
0.227 |
0.000 |
|
|
TOTAL IMPORTS |
630.142 |
387.427 |
278.793 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(2.17) |
82.78 |
51.41 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1010.000 |
|
|
|
|
(Due to poor
economic conditions) |
Expected Sales (2013-2014): Rs.1400.000 Millions
The above information has been parted by Mr. Nivas
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
(6.07) |
1.84 |
10.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.37) |
2.32 |
8.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.58) |
0.14 |
(0.71) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.67 |
0.52 |
(0.63) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.72 |
0.69 |
0.56 |
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 |
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% |
Yes |
|
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 |
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
|
|
|
|
Loans and advance from related parties |
100.954 |
88.113 |
|
Total |
100.954 |
88.113 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10374568 |
16/08/2012 |
50,000,000.00 |
AXIS BANK LTD |
CORPORATE BANKING BRANCH, GROUND FLOOR, KARUMUTHU |
B57309924 |
|
2 |
10298970 |
01/07/2013 * |
97,000,000.00 |
Barclays Bank Plc |
DHANYA VYAPARIGAL SANGAM, NO.20/21, KAMARAJAR SA |
B80321250 |
* Date of charge modification
REVIEW OF OPERATIONS
The company had produced 10,993 MT of Steel Laminations during the year ended 31st Mar 2012. During the year your company sold 10,876 MT of Steel Laminations.
FIXED ASSETS:
·
Building
·
Plant and Machinery
·
Tools and Dies
·
Office Equipment
·
Furniture and Fittings
·
Computer
·
Vehicles
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.62.10 |
|
|
1 |
Rs.101.27 |
|
Euro |
1 |
Rs.85.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
31 |
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.