MIRA
INFORM REPORT
|
Report Date : |
21.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
AUTOMETERS ALLIANCE LIMITED (w.e.f. 25.10.1999) |
|
|
|
|
Formerly Known
As : |
AUTOMETERS SECHERON LIMITED |
|
|
|
|
Registered
Office : |
101C, Shiv House, Hari Nagar Ashram, New Delhi-110014 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.07.1995 |
|
|
|
|
Com. Reg. No.: |
55-070835 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.70.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PLC070835 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA11683A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA7870P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Engineering Products comprising
Tachographs, Relays, Vacuum Circuit Breakers, Auxiliary Converters, Inverters,
Converters, Passenger Information Systems, Connectors, Tapchanger,
Master-Controller and Uninterrupted Power Supply System. |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a good track record.
Financially company is performing well. Trade relations are reported as fair.
Business is active. Payments are reported to be regular and as per
commitments. The company can be considered for normal 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
101C, Shiv House, Hari Nagar, Ashram, New Delhi-110014, |
|
Tel. No.: |
91-11- 26343774/ 26946764 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 sq. meters |
|
Location : |
Owned |
|
|
|
|
Corporate Office / Factory 1: |
C-63, Sector 57, Noida – 201307, |
|
Tel. No.: |
91-120-2583545/ 2583546 / 2479200 / 6770100 |
|
Fax No.: |
91-120-2583542 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Village-Beli-Deyol, Nalagarh Road, Tehsil - Nalagarh, District. -
Solan Himachal Pradesh, India |
DIRECTORS
As on 21.08.2012
|
Name : |
Mr. Keshav Kumar Thirani |
|
Designation : |
Managing Director |
|
Address : |
B-104/2, |
|
Date of Birth/Age : |
11.08.1947 |
|
Qualification : |
B. Com. (Hons.) |
|
Date of Appointment : |
14.07.1995 |
|
DIN No.: |
00280467 |
|
|
|
|
Name : |
Mr. Harsh V Kejriwal |
|
Designation : |
Director |
|
Address : |
12/1, |
|
Date of Birth/Age : |
02.05.1947 |
|
Date of Appointment : |
26.10.1995 |
|
DIN No.: |
00088343 |
|
|
|
|
Name : |
Mr. Shri Gopal Rajgarhia |
|
Designation : |
Director |
|
Address : |
33/1, Friends Colony (East), New Delhi-110065, |
|
Date of Birth/Age : |
21.08.1946 |
|
Date of Appointment : |
05.10.2000 |
|
DIN No.: |
00002245 |
|
|
|
KEY EXECUTIVES
|
Name : |
Dr. A.K. Agarwal |
|
Designation : |
Chief Executive Officer |
|
Date of Birth/Age : |
55 Years |
|
Qualification : |
Ph.D.(Electrical Engineering) |
|
Experience : |
32 Years |
|
Date of Appointment : |
01.12.1997 |
MAJOR SHAREHOLDERS
As on 21.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Autometers Limited, |
|
4330000 |
|
K K Thirani |
|
2670002 |
|
H V Kejriwal |
|
1 |
|
Jayshree Thirani |
|
1 |
|
Girija Jhunjhunwala |
|
1 |
|
Aditi Thirani |
|
1 |
|
Anuja Thirani |
|
1 |
|
Total |
|
7000007 |
Equity Share Break up (Percentage of Total Equity)
As on 21.08.2012
|
Category |
Percentage |
|
Bodies corporate |
61.86 |
|
Directors or relatives of Directors |
38.14 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Engineering Products comprising
Tachographs, Relays, Vacuum Circuit Breakers, Auxiliary Converters,
Inverters, Converters, Passenger Information Systems, Connectors, Tapchanger,
Master-Controller and Uninterrupted Power Supply System. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
350 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Central Bank of India, 70, Janpath, New Delhi – 110001, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
---- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountants |
|
Address : |
Tower A, Building No. 8, 1st Floor, DLF Cyber City, Phase – II, Sector – 25, Gurgaon – 122002, India |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Holding Company : |
· Autometers Limited CIN No.:- U34300DL1959PLC003160 |
|
|
|
|
Enterprises
owned or significantly influenced by key managerial personnel or their
Relatives: |
·
RMG Autometers Gas Technologies
Limited ·
Goldwyn Limited ·
Kalyani Navyug Media Private
Limited |
CAPITAL STRUCTURE
As on 21.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000007 |
Equity Shares |
Rs.10/- each |
Rs.70.000
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 |
70.000 |
70.000 |
70.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
829.875 |
700.723 |
564.978 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
899.875 |
770.723 |
634.978 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
70.204 |
28.670 |
156.514 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
70.204 |
28.670 |
156.514 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
6.295 |
4.362 |
|
|
|
|
|
|
|
|
TOTAL |
970.079 |
805.688 |
795.854 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
285.972 |
251.198 |
253.416 |
|
|
Capital work-in-progress |
11.544 |
29.979 |
10.425 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
4.667 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
403.002
|
308.019
|
299.429
|
|
|
Sundry Debtors |
392.226
|
363.944
|
381.970
|
|
|
Cash & Bank Balances |
3.189
|
1.699
|
16.815
|
|
|
Other Current Assets |
32.231
|
30.690
|
1.580
|
|
|
Loans & Advances |
96.955
|
71.322
|
37.904
|
|
Total
Current Assets |
927.603
|
775.674 |
737.698 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
89.687
|
100.095
|
103.305 |
|
|
Other Current Liabilities |
14.708
|
44.968
|
18.170 |
|
|
Provisions |
155.312
|
106.100
|
84.210 |
|
Total
Current Liabilities |
259.707
|
251.163 |
205.685 |
|
|
Net Current Assets |
667.896
|
524.511 |
532.013 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
970.079 |
805.688 |
795.854 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1381.878 |
1261.965 |
1196.399 |
|
|
|
Other Income |
3.808 |
6.965 |
7.312 |
|
|
|
TOTAL (A) |
1385.686 |
1268.930 |
1203.711 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost
of materials consumed |
775.116 |
642.447 |
|
|
|
|
Purchases
of stock-in-trade |
4.877 |
4.666 |
|
|
|
|
Changes
in inventories |
(24.145) |
21.442 |
1005.799 |
|
|
|
Employee
benefit expense |
244.442 |
214.336 |
|
|
|
|
Other
expenses |
200.072 |
192.741 |
|
|
|
|
TOTAL (B) |
1200.362 |
1075.632 |
1005.799 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
185.324 |
193.298 |
197.912 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.003 |
6.708 |
8.353 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
179.321 |
186.590 |
189.559 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
34.565 |
34.361 |
33.611 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
144.756 |
152.229 |
155.948 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(8.803) |
1.934 |
13.115 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
153.559 |
150.295 |
142.833 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
134.002 |
249.978 |
125.308 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
135.000 |
250.000 |
10.000 |
|
|
|
Dividend |
21.000 |
14.000 |
7.000 |
|
|
|
Tax on Dividend |
3.407 |
2.271 |
1.163 |
|
|
BALANCE CARRIED
TO THE B/S |
128.154 |
134.002 |
249.978 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
1.794 |
0.864 |
3.597 |
|
|
TOTAL EARNINGS |
1.794 |
0.864 |
3.597 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
0.003 |
0.046 |
0.003 |
|
|
|
Raw Materials |
208.979 |
184.363 |
212.909 |
|
|
|
Capital Goods |
0.294 |
7.035 |
0.620 |
|
|
TOTAL IMPORTS |
209.276 |
191.444 |
213.532 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
21.94 |
21.47 |
20.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
11.08
|
11.84
|
11.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.47
|
12.06
|
13.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.93
|
14.24
|
15.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.20
|
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.37
|
0.36
|
0.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.57
|
3.09
|
3.58 |
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 |
Yes |
|
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 |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
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 |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74899DL1995PLC070835 |
|
Name of the
company |
AUTOMETERS
ALLIANCE LIMITED |
|
Address of the
registered office or of the principal place of business in |
101C, Shiv House, Hari Nagar Ashram, New Delhi-110014, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10012019 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Central Bank of India, 70, Janpath, New Delhi – 110001, India |
|
Nature of
instrument creating charge |
Letter No.
JANPATH:ADV:11-12 dated 4th April'2011 of Central Bank of India, 70 Janpath,
New Delhi |
|
Date of
instrument Creating the charge |
04.04.2011 |
|
Amount secured by
the charge |
Rs. 50.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per Hypothecation
Agreement/Sanction terms. Terms of
Repayment As per
Hypothecation Agreement/Sanction terms Margin As per
Hypothecation Agreement/Sanction terms Extent and
Operation of the charge Central Bank of
India has released their first charge on plant and machinery of the company
installed at Baddi, Solan (Himachal Pradesh) for Term Loan of Rs. 50.000
millions granted by the Bank to the Borrower. |
|
Short particulars
of the property or asset(s) charged (including complete address and location of
the property) |
·
Equitable
mortgage of Companys land and building situated at Plot No.60,61,62 and 63,
Block C, Sector 57, Phase III, Noida
and at Village Beli Deyod, Baddi, Nalagarh, Solan (Himachal Pradesh) ·
Hypothecation
of Plant and Machinery of the company |
|
Date of
instrument modifying the charge |
03.12.2009 |
|
Particulars of
the present modification |
First Charge on
entire Block Assets (present and Future) of the company i.e. factory land and
building and Plant and machinery situated at C-60,61,62,and 63 Sector-57,
Noida (U.P) and at Beli Deyod, Baddi,Nalagarh (H.P) except on Plant and
Machinery of the company situated at
Baddi factory (H.P) Valuing Rs. 11.430 millions |
PERFORMANCE
AND OUTLOOK
The
gross sales for the year has been Rs.
1495.200 MIllions compared to Rs. 1366.700 Millions
The
management of the Company continues to seek opportunities for introduction of new
products both for the railways and for other sectors. Ongoing discussions are
taking place for acquisition of new product technologies under licence
agreements. Meanwhile, the Company continues its efforts for development of new
products and upgradation of existing products through its own research and
development team.
The
Company has received an order for supply of Escalators to Indian Railways.
Supply of the Escalators will be commenced during second half of the year.
The
outlook for the Company in the current year looks favourable. They have
submitted our bids for new contracts and are hopeful of receiving orders from
our customers.
FIXED ASSETS:
·
·
·
Building
·
Plant and Machinery
·
Electric Installations
·
Furniture and Fixture
·
Office Equipment
·
Motor 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.53.94 |
|
|
1 |
Rs.86.24 |
|
Euro |
1 |
Rs.72.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPN |
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 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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.