|
Report Date : |
29.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
DCM HYUNDAI LIMITED |
|
|
|
|
Registered
Office : |
No.2, (Ground Floor), Shri Ram Nagar, Prakash Nagar Main Road,
Thiruninravur – 602024, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 (18 Months) |
|
|
|
|
Date of
Incorporation : |
17.07.1995 |
|
|
|
|
Com. Reg. No.: |
18-032284 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.168.515 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U93090TN1995PLC032284 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD2712K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Freight Containers including 20 feet equals unit of
Dry Cargo Containers. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1400000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Even
though the company has recorded some growth in total inform during 2012, it has
incurred loss. However, trade relations are reported as fair. Business is
active. Payments are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Umesh Sharma |
|
Designation : |
Admin Department |
|
Contact No.: |
91-11-23312267 |
|
Date : |
26.07.2013 |
LOCATIONS
|
Registered Office : |
No.2, (Ground Floor), Shri Ram Nagar, Prakash Nagar Main Road,
Thiruninravur – 602024, Tamilnadu, India |
|
Tel. No.: |
91-44-22350500/ 26414046 |
|
Fax No.: |
91-44-22353605/ 26414046 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
26A, Akashdeep Building, 5th Floor, Barakhamba Road, New
Delhi – 110001, India |
|
Tel. No.: |
91-11-23312267/ 23312269 |
|
Fax No.: |
91-11-23313494/ 22351916/ 23350765 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
104, Pollivakkam Village,
Thiruvallur – Sriperumpudur Road, Thiruvallur District, Tamilnadu, India |
|
Tel. No.: |
91-44-22350500 |
|
Fax No.: |
91-44-22353605 |
|
E-Mail : |
DIRECTORS
(AS ON 22.02.2011)
|
Name : |
Mr. Alok Bansidhar Shriram |
|
Designation : |
Managing director |
|
Address : |
27, Sardar Patel Marg, New Delhi – 110021, India |
|
Date of Birth/Age : |
30.11.1960 |
|
Date of Appointment : |
29.06.2007 |
|
DIN No.: |
00203808 |
|
PAN No.: |
ABBPS9044C |
|
|
|
|
Name : |
Mr. Arun Kumar |
|
Designation : |
Director |
|
Address : |
A-71, Hilltop Apartments, Freedom Fighters Enclave, |
|
Date of Birth/Age : |
17.05.1946 |
|
Date of Appointment : |
14.06.2005 |
|
DIN No.: |
00203871 |
|
|
|
|
Name : |
Mr. Surinder Kumar Arora |
|
Designation : |
Whole-time director |
|
Address : |
House no.777, Sector – 17, |
|
Date of Birth/Age : |
03.10.1941 |
|
Date of Appointment : |
22.11.2008 |
|
DIN No.: |
02407443 |
|
|
|
|
Name : |
Mr. Subramanian Senthilkumar |
|
Designation : |
Nominee Director |
|
Address : |
34, Rajapuranicker Steer, vardarjapet, Choolaimedu, Chennai – 600094,
Tamilnadu, India |
|
Date of Birth/Age : |
27.07.1968 |
|
Date of Appointment : |
28.12.2009 |
|
DIN No.: |
00131558 |
|
|
|
|
Name : |
Mr. Chandan Dangi |
|
Designation : |
Nominee Director |
|
Address : |
15-A, Amritpuri, 3rd Floor, East of Kailash, New Delhi –
110065, India |
|
Date of Birth/Age : |
01.01.1960 |
|
Date of Appointment : |
29.03.2011 |
|
DIN No.: |
03490697 |
|
|
|
|
Name : |
Mr. Ajay Verma |
|
Designation : |
Additional Director |
|
Address : |
B-32, Sector – 14, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
25.09.1961 |
|
Date of Appointment : |
29.03.2011 |
|
DIN No.: |
03489520 |
KEY EXECUTIVES
|
Name : |
Ms. Manocha Bharti |
|
Designation : |
Secretary |
|
Address : |
1-D-100, NIT, |
|
Date of Birth/Age : |
15.08.1986 |
|
Qualification : |
14.06.2010 |
|
Pan No.: |
AYQPM6413R |
|
|
|
|
Name : |
Mr. Umesh Sharma |
|
Designation : |
Admin Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 22.02.2011)
Details of Shareholders (Equity Shares) are not available.
(AS ON 22.02.2011)
PREFERENCE SHARES
|
Names of Shareholders |
|
No. of Preference Shares |
|
|
|
|
|
|
|
|
|
Paharpur Cooling Tower Limited, |
|
400000 |
|
Chiranjiv Investment Private Limited, |
|
130000 |
|
Apna Ghar Properties Private Limited, |
|
120000 |
|
Shivam Enterprises Private Limited, |
|
100000 |
|
Ivory Hotels Private Limited, |
|
100000 |
|
Kadmini International Private Limited, |
|
50000 |
|
Abhinav Singal |
|
100000 |
|
Vishnu Prasad Bindal (Karta) |
|
200000 |
|
Vaneeta Gupta and Sahil Nath |
|
20000 |
|
Sahil Nath and Vaneeta Gupta |
|
15000 |
|
Ishan Nath and Vaneeta Gupta |
|
15000 |
|
Naresh Chand (Karta) |
|
14000 |
|
EPIC ( |
|
14000 |
|
Rakesh Mittal |
|
7000 |
|
|
|
|
|
Total |
|
1285000 |
(AS ON 22.02.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Government companies |
|
4.00 |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
37.11 |
|
Bodies corporate |
|
49.61 |
|
Other top fifty shareholders |
|
0.91 |
|
Others |
|
8.37 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Freight Containers including 20 Feet equals unit of
dry cargo containers. |
|
|
|
|
Products : |
·
Dry Freight Containers · Inland Containers |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users ·
·
Cummins, ·
ONGC ·
BHEL ·
L and T ·
Indian Army |
||||||||||||||||||
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|
|
||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
||||||||||||||||||
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|
|
||||||||||||||||||
|
Bankers : |
·
State Bank of India New Delhi Branch, New Delhi, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Riten Girish and Company Chartered Accountants |
|
Address : |
218,2nd Floor, Aashirvad Complex, D-1, Green Park, New
Delhi – 110016, India |
|
PAN No.: |
AABFR9995E |
|
|
|
|
Investing party in respect of which the company is an Associate : |
·
DCM Shriram Industries Limited (DSIL) ·
Daurala Foods and Beverages Private Limited
(DFBL) |
|
|
|
|
Related Parties : |
·
Bantam Enterprises Private Limited (BEPL) |
|
|
|
|
Subsidiary : |
·
Versa Trading Limited (VTL) CIN No.: U65910DL1991PLC045296 |
CAPITAL STRUCTURE
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27000000 |
Equity Shares |
Rs.10/- each |
Rs.270.000 Millions |
|
1300000 |
5% Redeemable Convertible Non cumulative
Preference Shares |
Rs.100/- each |
Rs.130.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.400.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4001490 |
Equity Shares |
Rs.10/- each |
Rs.40.015
Millions |
|
1285000 |
5% Optionally Convertible Non
cumulative Redeemable Preference Shares
|
Rs.100/-
each |
Rs.128.500
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.168.515 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 (18
Months) |
30.09.2010 |
30.09.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
168.515 |
168.515 |
168.515 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
187.537 |
212.709 |
212.440 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
356.052 |
381.224 |
380.955 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
57.411 |
63.373 |
64.103 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
57.411 |
63.373 |
64.103 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
413.463 |
444.597 |
445.058 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
72.920 |
71.796 |
73.801 |
|
|
Capital work-in-progress |
0.000 |
30.000 |
31.175 |
|
|
|
|
|
|
|
|
INVESTMENT |
190.190 |
187.152 |
198.024 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.150
|
0.000
|
0.000 |
|
|
Sundry Debtors |
2.850
|
12.159
|
1.691 |
|
|
Cash & Bank Balances |
2.166
|
3.990
|
7.347 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
185.683
|
161.406
|
170.045 |
|
Total
Current Assets |
190.849
|
177.555
|
179.083 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
37.829
|
17.063
|
36.275 |
|
|
Other Current Liabilities |
0.997
|
3.706
|
0.223 |
|
|
Provisions |
1.670
|
1.137
|
0.527 |
|
Total
Current Liabilities |
40.496
|
21.906
|
37.025 |
|
|
Net Current Assets |
150.353
|
155.649
|
142.058 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
413.463 |
444.597 |
445.058 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 (18
Months) |
30.09.2010 |
30.09.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
81.394 |
33.455 |
10.714 |
|
|
|
Other Income |
18.672 |
34.687 |
32.940 |
|
|
|
TOTAL (A) |
100.066 |
68.142 |
43.654 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing and Other Expenses |
99.225 |
51.690 |
43.386 |
|
|
|
TOTAL (B) |
99.225 |
51.690 |
43.386 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.841 |
16.452 |
0.268 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.935 |
5.985 |
12.104 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(8.094) |
10.467 |
(11.836) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
17.078 |
10.651 |
10.167 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(25.172) |
(0.184) |
(22.003) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
(0.453) |
0.123 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(25.172) |
0.269 |
(22.126) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
186.209 |
185.940 |
208.066 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
161.037 |
186.209 |
185.940 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(6.29) |
0.07 |
(5.53) |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
130.000 |
|
|
|
|
|
The above information has been parted by Mr. Umesh Sharma.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 (18
Months) |
30.09.2010 |
30.09.2009 |
|
PAT / Total Income |
(%) |
(25.16)
|
0.39
|
(50.68) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(30.93)
|
(0.55)
|
(205.37) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(9.54)
|
(0.07)
|
(8.70) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.07)
|
0.00
|
(0.06) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.16
|
0.17
|
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.71
|
8.11
|
4.84 |
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% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
NOTE:
The Registered office of the company has been
shifted from 104, Pollivakkam Village, Thiruvallur Taluk, MGR Chengalpattuy
District, Tamilnadu, India, to the present address w.e.f. 01.08.2008.
FINANCIAL RESULTS:
During the period,
the company had a total income of Rs.100.100 Millions against Rs.68.100
Millions. Last year. There was a net loss of Rs 25.300 Millions against a net
profit of Rs 0.300 Million in the previous year.
OPERATIONS:
In view of the continued
slump in the Marine Freight Container market the Company concentrated on the
business of value added products, such as Bunk Houses, Porta Cabin containers
and other multi-purpose containers for domestic use. The leasing business
continued satisfactorily. During the year the Company leased out 50 more
containers, making the total number of containers leased out 250. DHL has been
participating in tenders floated by various Government and Public Sector
logistic players. Working capital constraints and competition are adversely
affecting the Company’s business.
CONTINGENT LIABILITY:
|
Particulars |
31.03.2012 (18 Months) |
30.09.2010 |
30.09.2009 |
|
|
(Rs. In
Millions) |
||
|
Claims against
the company not acknowledged as debts: |
|
|
|
|
Property Tax |
0.000 |
0.000 |
2.297 |
|
Sales Tax
Matters |
0.222 |
0.222 |
0.222 |
|
Excise Matters |
3.649 |
2.548 |
2.671 |
|
Provided Fund |
0.000 |
4.132 |
4.132 |
|
Labour
Demands |
34.500 |
14.900 |
14.900 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/ Modification |
Charge Amount
Secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10168547 |
03/08/2009 |
63,300,000.00 |
DCM SHRIRAM
INDUSTRIES LIMITED |
KANCHENJUNGA BUILDING,
18, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
A66780339 |
FIXED ASSETS:
· Plant and Machinery
· Office Equipments
· Furniture and Fixtures
·
Vehicle
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.58.91 |
|
|
1 |
Rs.90.68 |
|
Euro |
1 |
Rs.78.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
28 |
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.