1. Summary Information
|
Country |
|
||
|
Company Name |
QUEST GLOBAL
MANUFACTURING PRIVATE LIMITED |
Principal Name 1 |
Mr. Aravind Shivaputrappa Melligeri |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ajay Aravind Prabhu |
|
Registration # |
08-026760 |
||
|
Street Address |
First Floor, No.
21/2, Bhattarahalli, 14th K M Old Madras Road, Bangalore – 560049, Karnataka,
India |
||
|
Established Date |
27.03.2000 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Automobile Parts |
|
|
# of employees |
Not Available |
Product Name 2 |
Aerospace Parts |
|
Paid up capital |
Rs.462,949,000/- |
Product Name 3 |
Aerospace Equipments |
|
Shareholders |
Foreign holdings – 19.37% Others- 80.63% |
Banking |
State Bank of |
|
Public Limited Corp. |
NO |
Business Period |
13 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
India
|
Quest Global SEZ Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
245,028,000 |
Current Liabilities |
252,603,000 |
|
Inventories |
115,547,000 |
Long-term Liabilities |
451,270,000 |
|
Fixed Assets |
455,689,000 |
Other Liabilities |
15,004,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
718,877,000 |
|
Invest& other Assets |
65,794,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
163,181,000 |
|
Total Assets |
882,058,000 |
Total Liab. & Equity |
882,058,000 |
|
Total Assets (Previous Year) |
866,953,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
480,959,000 |
Net Profit |
(113,450,000) |
|
Sales(Previous yr) |
393,860,000 |
Net Profit(Prev.yr) |
(128,139,000) |
MIRA INFORM REPORT
|
Report Date : |
08.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
QUEST GLOBAL MANUFACTURING PRIVATE LIMITED (w.e.f. 24.03.2011) |
|
|
|
|
Formerly Known
As : |
QUEST MACHINING AND MANUFACTURING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
First Floor, No. 21/2, Bhattarahalli, 14th K M Old Madras Road,
Bangalore – 560049, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.03.2000 |
|
|
|
|
Com. Reg. No.: |
08-026760 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.462.949 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U80302KA2000PTC026760 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRM02575G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM3073E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of automobile parts, aerospace parts, aerospace equipments, gear parts and auto gear parts. |
|
|
|
|
No. of Employees
: |
Not Available |
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 650000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an establishment company having moderate track record.
There appears some accumulated losses recorded by the company. However, Trade
relations are reported as fair. Business is active. Payments are reported to
be slow. 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) |
|
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 |
CARE |
|
Rating |
BBB- (Term Loan) |
|
Rating Explanation |
Having moderate degree of safety regarding
timely servicing of financial obligation. It carry moderate credit risk. |
|
Date |
July 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.
LOCATIONS
|
Registered Office : |
First Floor, No. 21/2, Bhattarahalli, 14th K M Old Madras Road,
Bangalore – 560049, Karnataka, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
No.39, No.437/A, Hattargi Village, Hukkeri Taluka, Belgaum - 591245,
Karnataka, India |
|
Tel. No.: |
91-831-3090000 |
|
Fax No.: |
91-831-3090001 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Aravind Shivaputrappa Melligeri |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
24.03.1968 |
|
Qualification : |
B.E., M.E. |
|
Date of Appointment : |
27.03.2000 |
|
DIN No.: |
00787735 |
|
|
|
|
Name : |
Mr. Ajay Aravind Prabhu |
|
Designation : |
Director |
|
Address : |
#67, Purva |
|
Date of Birth/Age : |
19.07.1968 |
|
Qualification : |
B.E., MS., Ph.D. |
|
Date of Appointment : |
31.07.2003 |
|
DIN No.: |
00477195 |
|
|
|
|
Name : |
Mr. Rajeev Kaul |
|
Designation : |
Director |
|
Address : |
No.203 Vaswani Tranquil, 43 Munnekolal Kundanahalli Gate, Bangalore – 560037, Karnataka, India |
|
Date of Birth/Age : |
18.11.1971 |
|
Date of Appointment : |
02.11.2011 |
|
DIN No.: |
01468590 |
KEY EXECUTIVES
|
Name : |
Mr. Ravi M Hugar |
|
Designation : |
Company Secretary |
|
Address : |
Shivabasavanagar, |
|
Date of Birth/Age : |
02.06.1982 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
09.05.2008 |
|
Pan No. : |
ACLPH2883D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ajit Prabhu |
|
50 |
|
Ajay Prabhu |
|
100 |
|
Jagadish Melligeri |
|
50 |
|
Melligeri Private Trust(Through IL and FS Trust Company Limited), India |
|
15947268 |
|
Prabhu Private Trust (Through IL and FS Trust Company Limited), India |
|
15947267 |
|
QMSEZ Inc., Cayman Islands |
|
9207209 |
|
Melligeri Private Family Foundation(Through IL and FS Trust Company Limited), India |
|
6432500 |
|
|
|
|
|
Total |
|
47534444 |
As on 06.05.2013
|
Names of Allottee |
|
No. of Allotted |
|
Anasuya Melligeri |
|
32400000 |
|
|
|
|
|
Total |
|
32400000 |
As on 25.03.2013
|
Names of Allottee |
|
No. of Allotted |
|
Melligeri Private Family Foundation(Through IL and FS
Trust Company Limited), India |
|
9216874 |
|
|
|
|
|
Total |
|
9216874 |
As on 25.04.2013
|
Names of Allottee |
|
No. of Allotted |
|
Avija Investment Mauritius Private Limited, Mauritius |
|
8733885 |
|
|
|
|
|
Total |
|
8733885 |
As on 18.12.2012
|
Names of Allottee |
|
No. of Allotted |
|
Anasuya Melligeri |
|
100 |
|
Appanna Patil |
|
100 |
|
|
|
|
|
Total |
|
200 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
19.37 |
|
Others |
80.63 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of automobile parts, aerospace parts,
aerospace equipments, gear parts and auto gear parts. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (As on: 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Machined parts |
Nos. |
1751054 |
1651663 |
Note:
1. The Company is exempt from the Licensing provisions of the Industries (Development and Regulation) Act, 1951.
2. Installed capacity has been stated on the basis of the total annual installed capacity as at the Balance sheet date. The installed capacity is as certified by the managements technical team.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||||
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||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R Batliboi and Associates Chartered Accountants |
|
Address : |
12th and 13th Floor, "UB
City" |
|
PAN.: |
AABFS3421N |
|
|
|
|
Subsidiaries : |
Quests Machining and Manufacturing, LLC |
|
|
|
|
Associates : |
Quest Global SEZ Private Limited CIN No.: U45202KA2007PTC043154 |
|
|
|
|
Joint Ventures : |
CIN No.: U35303KA2007PTC043311
CIN No.: U28910KA2011PTC056681 |
CAPITAL STRUCTURE
After: 29.09.2012
Authorised Capital : Rs.1100.000
Millions
Issued, Subscribed & Paid-up Capital : 1037.354 Millions
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47000000 |
Equity Shares |
Rs.10/- each |
Rs.470.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46294884 |
Equity Shares |
Rs.10/- each |
Rs.462.949
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 |
462.949 |
318.947 |
318.947 |
|
|
2] Share Application Money |
7.051 |
57.175 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(306.819) |
(193.369) |
(65.230) |
|
|
NETWORTH |
163.181 |
182.753 |
253.717 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
451.270 |
415.255 |
305.243 |
|
|
2] Unsecured Loans |
0.000 |
17.500 |
17.500 |
|
|
TOTAL BORROWING |
451.270 |
432.755 |
322.743 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
614.451 |
615.508 |
576.460 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
455.689 |
477.227 |
218.240 |
|
|
Capital work-in-progress |
0.000 |
21.555 |
155.186 |
|
|
|
|
|
|
|
|
INVESTMENT |
65.794 |
32.862 |
23.743 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
115.547
|
85.187
|
64.399 |
|
|
Sundry Debtors |
141.454
|
126.675
|
89.076 |
|
|
Cash & Bank Balances |
4.058
|
15.922
|
75.457 |
|
|
Other Current Assets |
1.393
|
0.000
|
0.000 |
|
|
Loans & Advances |
98.123
|
107.525
|
75.629 |
|
Total
Current Assets |
360.575
|
335.309
|
304.561 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
108.047
|
231.015
|
108.199 |
|
|
Other Current Liabilities |
144.556
|
14.764
|
14.914 |
|
|
Provisions |
15.004
|
5.666
|
2.157 |
|
Total
Current Liabilities |
267.607
|
251.445
|
125.270 |
|
|
Net Current Assets |
92.968
|
83.864
|
179.291 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
614.451 |
615.508 |
576.460 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
480.959 |
393.860 |
252.311 |
|
|
|
|
|
|
|
|
Less |
|
TOTAL EXPENSES |
594.409 |
521.999 |
248.934 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(113.450) |
(128.139) |
3.377 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(113.450) |
(128.139) |
3.377 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
397.306 |
307.276 |
200.741 |
|
|
TOTAL
EARNINGS |
397.306 |
307.276 |
200.741 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
93.887 |
62.105 |
|
|
|
Capital Goods |
|
134.576 |
109.288 |
|
|
TOTAL IMPORTS |
NA |
228.463 |
171.393 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(2.45) |
(4.02) |
0.18 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(23.59) |
(32.53) |
1.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(13.90)
|
(15.77)
|
0.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.70)
|
(0.70)
|
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.77
|
2.37
|
1.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.33
|
2.43 |
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 |
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 |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As
on 31.03.2011 |
|
Other debt unsecured |
17.500 |
|
|
|
|
Total |
17.500 |
OPERATING RESULTS
During the period, the company recorded a marginal increase in the revenue as compared to the last year. But due to increased expenditure the company incurred a net loss approximately of Rs.110.000 Millions. However they foresee an increase in the profitability in the coming years.
Note:
The Registered Office of the company has been shifted from No. 13, 21/2
Bhattarhalli, 14th KM, Old Madras Road, Bangalore – 560049, Karnataka, India to the
present address w.e.f. 23.04.2013
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U80302KA2000PTC026760 |
|
Name of the
company |
QUEST GLOBAL
MANUFACTURING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
First Floor, No. 21/2, Bhattarahalli, 14th K M Old Madras Road, Bangalore – 560049, Karnataka, India E-mail: ravi.hugar@quest-global.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10007012 |
|
Type of charge |
|
|
Particular of
charge holder |
State Bank of India, Industrial Finance Branch, 61, Residency Road,
Bangalore – 560025, Karnataka, India E-mail: jr.cs69@gmail.com |
|
Nature of
instrument creating charge |
Letter from State
Bank of India. |
|
Date of
instrument Creating the charge |
18.03.2013 |
|
Amount secured by
the charge |
Rs.235.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest As per existing
terms of sanction. Terms of
Repayment As per existing
terms of sanction. Margin As per existing
terms of sanction. Extent and Operation
of the charge Exclusive first
charge on the assets (specified in col no. 15) of the company to the full
extent. Others (Tl-1 Rs 50.000
Millions and Tl-3 Rs 30.75 Millions Stands Closed). |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypo. of
company's present and future movable fixed assets and current assets like
stocks, raw materials, semi finished and finished goods, book debts,
receivables, outstanding monies, bills, rights, stores, components, furniture
and fittings; other movables, equipments and machinery and assets to be
purchased out of bank finance. |
|
Date of
instrument modifying the charge |
07.02.2013 |
|
Particulars of
the present modification |
The amount
secured by the charge stands reduced to Rs. 235.000 Millions. Equitable mortgage
of leasehold rights of shall stand released. all other securities described
and detailed in col no 15 herein above continue for the reduced limit. All
other terms and conditions remain unchanged. |
FIXED ASSETS
Tangible Assets
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
- Leasehold Improvements
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.56.74 |
|
|
1 |
Rs.88.53 |
|
Euro |
1 |
Rs.75.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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.