MIRA
INFORM REPORT
|
Report Date : |
06.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
KLT AUTOMOTIVE AND TUBULAR PRODUCTS LIMITED (w. e. f. 23.12.2004) |
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Formerly Known As : |
THAKKARSONS AUTO ANCILLARY ( |
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Registered Office : |
B-1/1, Mayur Ma Krupa CHS Limited, Opposite Gohale School, Simpoli
Road, Borivli (West), Mumbai – 400092, Maharashtra |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
26.09.1994 |
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Com. Reg. No.: |
11-081463 |
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Capital
Investment / Paid-up Capital : |
Rs. 83.576
Millions |
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CIN No.: [Company
Identification No.] |
U34300MH1994PLC081463 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT08932A |
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PAN No.: [Permanent
Account No.] |
AAACT3895R |
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Legal Form : |
A Closely held Public Limited Liability Company. |
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Line of Business : |
Manufacturer for automotive products, precision tubes, chassis frames,
chassis components and body components / assemblies. |
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No. of Employees : |
Above 800 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 7600000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having a satisfactory track
record. There appears slight dip in the profitability of the company during 2012.
Trade relations are fair. Business is active. Payments are reported to be
usually 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.
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 : |
Ms. Sabia |
|
Designation : |
Accounts Department |
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Contact No.: |
91-22-40957000 |
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Date : |
03.05.2013 |
LOCATIONS
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Registered Office : |
B-1/1, Mayur Ma Krupa chs Limited,
opposite Gokhale School, Shimpoli
Road, Borivli (West), Mumbai – 400092, Maharashtra, India |
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Tel. No.: |
91-22-65704441 / 55704411 |
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Fax No.: |
91-22-28991854 |
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E-Mail : |
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Website : |
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Location: |
Owned |
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Corporate Office: |
B / 601, elegant |
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Tel. No.: |
91-22-4095 7000 |
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Fax No.: |
91-22-4095 7100 |
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E-Mail : |
enquiry@kltgroup.net |
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Website : |
www.kltauto.com |
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Factory Office 1: |
Plot No. 1, S No. 45/4 and 46/1 and 3, Mehta Industrial Estate and
Plot Nos. 8-10, 17-23, S No.34/2 and 35/2, Zorabin Industrial Estate, Palghar
Manor Road, Vevoor, Taluka Palghar, District Thane, Maharashtra, India |
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Factory Office 2: |
Village Shelavli, Palghar Manor Road, Vevoor, Taluka Palghar, District
Thane, Maharashtra, India |
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Factory Office 3: |
Gat No. 400 and 415, Village Urse, Taluka Maval, District Pune,
Maharashtra, India |
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Factory Office 4: |
Plot No. 2014, Halol Industrial Estate, Village Chandrapura, Taluka
Halol, District Panchmahal, Gujarat, India |
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Regional
Offices : |
Hosur L-1 Electrical Industrial Estate, Hour Main Road, Near Old Bus Stand,
Hosur-635109 Pune Gate No-415, Village–Urse, Taluka–Maval, District–Pune-410506, Maharashtra,
India Noida 206, Ocean Plaza, Sector–18,
Noida–201301, Uttar Pradesh, India Tel No: 91-120–3065550 Fax No: 91-120–2513983 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Bhavin Kishore Thakkar |
|
Designation : |
Managing Director |
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Address : |
14th Floor, Vasukamal Towers CHS, Devidas Extension Road, Borivali (West), Mumbai – 400103, Maharashtra, India |
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Date of Birth/Age : |
26.06.1964 |
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Qualification : |
BE |
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Date of Appointment : |
26.09.1994 |
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PAN No.: |
AAAPT8279Q |
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Din No.: |
00001780 |
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Name : |
Mr. Jubin Kishore Thakkar |
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Designation : |
Joint Manager Director |
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Address : |
14th Floor, Raghunath Tower CHS, Limited, Devidas Extension Road, Borivali (West), Mumbai – 400103, Maharashtra, India |
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Date of Birth/Age : |
12.09.1970 |
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Qualification : |
CA |
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Date of Appointment : |
26.06.1994 |
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PAN No.: |
AACPT3129P |
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Din No.: |
00001822 |
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Name : |
Mrs. Sushila Kishor Thakkar |
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Designation : |
Director |
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Address : |
14th Floor, Vasukamal Towers CHS, Devidas Extension Road, Borivali (West), Mumbai – 400103, Maharashtra, India |
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Date of Birth/Age : |
21.07.1939 |
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Qualification : |
BA |
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Date of Appointment : |
15.12.2004 |
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PAN No.: |
AADPT0748D |
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Din No.: |
00001782 |
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Name : |
Mr. Devang Kishore Thakkar |
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Designation : |
Director |
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Address : |
601 / 302, Siddharth Arcade, L T Road, Borivali – 400092, Maharashtra, India |
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Date of Birth/Age : |
01.09.1966 |
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Date of Appointment : |
15.12.2004 |
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PAN No.: |
AAAPT8278R |
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Din No.: |
00001785 |
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Name : |
Mr. Arun Parasmal Nahar |
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Designation : |
Director |
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Address : |
Alpna 55/2 Ganeshkind Road, Aundh, Pune – 411 007, Maharashtra, India |
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Date of Birth/Age : |
10.03.1960 |
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Date of Appointment : |
28.09.2007 |
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Din No.: |
00191355 |
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Name : |
Utpal Hemendra Sheth |
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Designation : |
Director |
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Address : |
B-27, Kum Kum Apartments, S.V. Road, Near Nanavati Hospital, Vile Parle, Mumbai-400056, Maharashtra, India |
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Date of Birth/Age : |
20.06.1971 |
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Date of Appointment : |
25.09.2010 |
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Din No.: |
00081012 |
KEY EXECUTIVES
|
Name : |
Ms. Sabia |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
Note: Shareholding detail file attached
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
50.77 |
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Directors or relatives of Directors |
41.16 |
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Others |
8.07 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer for automotive products, precision tubes, chassis frames,
chassis components and body components / assemblies. |
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Products : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Frame Assembly of Chassis |
Nos. |
4,03,000 |
2,80,035 |
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ERW /CDW Pipes &Tubes * |
MT |
93,000 |
19,337 |
* Actual Production excludes production for captive consumption
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
Above 800 |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Surya Associates Chartered Accountants |
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Address : |
103, Deepika 37, |
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Tel. No.: |
91-22-28064924 |
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Mobile No.: |
91-9820077823 |
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Fax No.: |
91-22-28092236 |
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E-Mail : |
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Subsidiaries : |
v AVMY Steel Science Limited, U.K. v Klt Automotive And Tubular Products(Thailand) Company Limited, Thailand v Klt Automotive And Tubular Products (South Africa) Pty Company Limited, South Africa v Klt Automotive FZC, UAE v Thakkarson Metal Processors Private Limited, India CIN No.:U99999MH1996PTC102829 |
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Enterprises over
which key management personnel and their relatives are able to exercise
significant influence : |
v Colour Roof (India) Limited, India CIN No.: U27200MH2000PLC126598 v Thakkarsons Roll Forming Private Limited, India CIN No.:U27107MH1990PTC054868 v Metcraft Steel Private Limited (Formerly Metcraft Engineering Corporation) , India CIN No.:U27100MH2011PTC220698 v Metform Corporation, India v Kish Realty Private Limited, India CIN No.:U70100MH2005PTC152990 v CRIL Pre-Finish Metal FZC, UAE |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
9000000 |
Equity Share |
Rs.10/- Each |
Rs. 90.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
8857602 |
Equity Share |
Rs.10/- Each |
Rs.88.576
Millions |
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As on 31.03.2012
|
No. of Shares |
Type |
Value |
Amount |
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|
9000000 |
Equity Share |
Rs.10/- Each |
Rs. 90.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
8357602 |
Equity Share |
Rs.10/- Each |
Rs.83.576
Millions |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
83.576 |
83.576 |
83.576 |
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2] Share Application Money |
107.500 |
10.750 |
10.750 |
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3] Reserves & Surplus |
1721.816 |
1495.769 |
1189.258 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1912.892 |
1590.095 |
1283.584 |
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LOAN FUNDS |
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1] Secured Loans |
3635.920 |
2533.918 |
2687.353 |
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2] Unsecured Loans |
563.002 |
456.264 |
506.721 |
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TOTAL BORROWING |
4198.922 |
2990.182 |
3194.074 |
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DEFERRED TAX LIABILITIES |
280.656 |
251.295 |
194.174 |
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TOTAL |
6392.470 |
4831.572 |
4671.832 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2861.807 |
2737.609 |
2672.470 |
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Capital work-in-progress |
1251.211 |
215.233 |
314.373 |
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INVESTMENT |
255.812 |
191.471 |
92.266 |
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
1659.272
|
1894.672 |
1591.911
|
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Sundry Debtors |
1347.162
|
1185.774 |
793.742
|
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Cash & Bank Balances |
225.081
|
223.112 |
231.082
|
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Other Current Assets |
10.383
|
12.964 |
0.000
|
|
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Loans & Advances |
1432.270
|
1087.250 |
496.167
|
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Total
Current Assets |
4674.168
|
4403.772 |
3112.902
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
|
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Sundry Creditors |
1131.058
|
1673.901 |
603.891
|
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Other Current Liabilities |
1463.474
|
976.083 |
904.834
|
|
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Provisions |
55.996
|
66.529 |
11.641
|
|
Total
Current Liabilities |
2650.528
|
2716.513 |
1520.366
|
|
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Net Current Assets |
2023.640
|
1687.259 |
1592.536
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.187 |
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TOTAL |
6392.470 |
4831.572 |
4671.832 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
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Income |
5410.976 |
4868.148 |
3636.604 |
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Other Income |
78.025 |
13.750 |
35.765 |
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TOTAL (A) |
5489.001 |
4881.898 |
3672.369 |
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Less |
EXPENSES |
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|
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|
|
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Cost of materials consumed |
3247.913 |
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Purchases of stock-in-trade |
163.637 |
154.383 |
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Employee benefit expense |
168.609 |
126.886 |
3085.063 |
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Other expenses |
858.825 |
733.313 |
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Changes in inventories of finished goods, work-in-progress and stock-in-trade |
8.986 |
(30.466) |
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Extraordinary Items |
0.000 |
(206.767) |
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TOTAL (B) |
4447.970 |
3844.690 |
3085.063 |
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PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
1041.031 |
1037.208 |
587.306 |
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Less |
FINANCIAL
EXPENSES (D) |
547.487 |
458.013 |
370.537 |
|
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|
|
|
|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
493.544 |
579.195 |
216.769 |
|
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|
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
200.714 |
185.103 |
152.463 |
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PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
292.830 |
394.092 |
64.306 |
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Less |
TAX (H) |
42.499 |
63.217 |
13.186 |
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PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
250.331 |
330.875 |
51.120 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
687.032 |
415.521 |
396.346 |
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Less |
APPROPRIATIONS |
|
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|
|
|
|
|
Interim Dividend |
20.894 |
20.894 |
20.894 |
|
|
|
Tax on Interim Dividend |
3.390 |
3.470 |
3.551 |
|
|
|
General Reserve |
35.000 |
35.000 |
7.500 |
|
|
BALANCE CARRIED
TO THE B/S |
878.079 |
687.032 |
415.521 |
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods |
259.472 |
657.115 |
45.791 |
|
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|
Export of Services |
209.224 |
0.000 |
0.000 |
|
|
|
Dividend Received |
47.191 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
515.887 |
657.115 |
45.791 |
|
|
|
|
|
|
|
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IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
107.850 |
254.106 |
117.390 |
|
|
|
Stores & Spares |
0.034 |
0.537 |
0.034 |
|
|
|
Capital Goods |
412.207 |
150.809 |
4.415 |
|
|
TOTAL IMPORTS |
520.091 |
405.452 |
121.839 |
|
|
|
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|
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Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
Basic |
29.95 |
39.59 |
6.12 |
|
|
|
Diluted |
28.26 |
37.35 |
5.77 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.56
|
6.78 |
1.39
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.41
|
8.10 |
1.77
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.89
|
5.52 |
1.11
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.25 |
0.05
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.20
|
1.88 |
2.49
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76
|
1.62 |
2.05
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors |
1131.058
|
1673.901 |
603.891
|
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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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
REVIEW OF OPERATIONS
The income for the year increased by 11.95 % to Rs.5838.800 millions from the previous year’s Rs.5215.400 millions while profit after tax for the year 2011-12 at Rs. 250.300 millions as compared to Rs. 330.900 millions in the previous year.
BUSINESS REVIEW
The company has achieved more sales to the extent of 11.95 % amounting to Rs. 5838.800 millions as on 31st March 2012.
Domestic Order book continue to be very strong considering very good demand for chassis frame assemblies from all the major customers like Mahindra and Mahindra, Tata Motors and General Motors.
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Deferred payment liabilities |
139.293 |
142.848 |
|
Loans and advances from related parties |
50.000 |
0.000 |
|
Rupee term loans from banks |
347.978 |
309.983 |
|
Loans repayable on demand |
25.731 |
3.433 |
|
Total |
563.002 |
456.264
|
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U34300MH1994PLC081463 |
|
Name of the
company |
KLT AUTOMOTIVE
AND TUBULAR PRODUCTS LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
B-1/1, Mayur Ma Krupa CHS Limited, Opposite Gohale School, Simpoli Road, Borivli (West), Mumbai – 400092, Maharashtra, India E-mail: company.secretary@kltgroup.net |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Others (stock, raw materials, finished goods etc.) |
|
Particular of charge holder |
Corporation Bank, 104 Bharat House, Mumbai Samachar Marg, Fort, Mumbai-400023, Maharashtra, India E-mail: cb443@corpbank.co.in |
|
Nature of
instrument creating charge |
Common Deed of
Hypothecation of Movables/Assets/ Debts |
|
Date of
instrument Creating the charge |
16/04/2013 |
|
Amount secured by
the charge |
Rs. 100.000 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest At present 14.75%
p.a. being 4.5% over and above Base Rate.with resate every 3 months Terms of Repayment Bullet repayment of
Rs. 10.00 crores after six months from the date of disbursement . Margin NIL Extent and Operation of the charge Paripassu 1st
charge on inventory cum book debts/current assets and collaterally secured by
2nd paripassu charge over the fixed assets of the company. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Paripassu 1st
charge on Inventory cum book debts / current assets of the company (both
present and future) and collaterally secured by 2nd charge on the
fixed assets of the company |
CONTINGENT
LIABILITIES: (AS ON 31.03.2012)
(Rs. in millions)
Custom duty on capital goods imported under Export Promotion Capital Goods (EPCG) scheme, against which export obligation is to be fulfilled: Rs.170.002 millions
Guarantees furnished by Company’s bankers on behalf of the Company Rs.7.104 millions
Bills discounted with banks Rs.505.755 millions
FIXED ASSETS
v
TANGIBLE ASSETS
· Land and Site Development
· Buildings
· Plant and Equipment
· Electrical Installation
· Office Equipments
· Vehicles
· Furniture and Fixtures
v
INTANGIBLE
ASSETS
· Computer Softwares
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 records 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: 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.53.95 |
|
|
1 |
Rs.83.81 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
47 |
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.