1. Summary Information
|
Country |
India |
||
|
Company Name |
MAGNETI MARELLI SKH EXHAUST SYSTEMS PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashok Kapur |
|
Status |
Moderate |
Principal Name 2 |
Mr. Sunandan Kapur |
|
Registration # |
55-178458 |
||
|
Street Address |
B-5/13, Azad Apartment, Sri Aurobindo Marg, New Delhi-110017, India |
||
|
Established Date |
22.05.2008 |
SIC Code |
-- |
|
Telephone# |
91-124-4725017 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-124-4725001 |
Business Style 2 |
Designing |
|
Homepage |
-- |
Product Name 1 |
Exhaust Systems |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 95,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 50.00 % Bodies corporate - 50.00 % |
Banking |
Corporation
Bank |
|
Public Limited Corp. |
No |
Business Period |
5 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
|
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associate |
SAU |
Magneti Marelli Espana |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
114,357,000 |
Current Liabilities |
113,843,000 |
|
Inventories |
39,850,000 |
Long-term Liabilities |
151,650,000
|
|
Fixed Assets |
116,262,000 |
Other Liabilities |
1,406,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
266,899,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
3,570,000 |
|
Total Assets |
270,469,000 |
Total Liab. & Equity |
270,469,000 |
|
Total Assets (Previous Year) |
328,889,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
765,791,000 |
Net Profit |
(29,396,000) |
|
Sales(Previous yr) |
544,770,000 |
Net Profit(Prev.yr) |
(24,862,000) |
MIRA INFORM REPORT
|
Report Date : |
13.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAGNETI MARELLI SKH EXHAUST SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-5/13, Azad Apartment, Sri Aurobindo Marg, New Delhi-110017 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.05.2008 |
|
|
|
|
Com. Reg. No.: |
55-178458 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 95.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109DL2008PTC178458 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM5723L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Designing, Assembling of Exhaust Systems
for all types of motor cars, motor cycles and automobiles. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 14000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The latest financials of the company are not made available. As per previous year’s record, there appear huge accumulated losses recorded
by the company. The external borrowings are also huge. However, business is active. Payment terms are unknown. The company can be considered for business dealings with great
caution. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term loans: BB- |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
April, 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 : |
B-5/13, Azad Apartment, Sri Aurobindo Marg, New Delhi-110017, India |
|
Tel. No.: |
91-124-4725017 |
|
Fax No.: |
91-124-4725001 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Located at
|
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Ashok Kapur |
|
Designation : |
Director |
|
Address : |
B-5, Chirag Enclave, New Delhi-110048, India |
|
Date of Birth/Age : |
24.06.1946 |
|
Date of Appointment : |
05.06.2008 |
|
DIN No.: |
00003577 |
|
|
|
|
Name : |
Mr. Sunandan Kapur |
|
Designation : |
Director |
|
Address : |
B-5, Chirag Enclave, New Delhi-110048, India |
|
Date of Birth/Age : |
07.04.1956 |
|
Date of Appointment : |
22.05.2008 |
|
DIN No.: |
00003638 |
|
|
|
|
Name : |
Mr. Saju Mookken |
|
Designation : |
Director |
|
Address : |
6411, F-6, Alok Vihar 2, Sector-50, Noida-201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
20.05.1969 |
|
Date of Appointment : |
22.05.2008 |
|
DIN No.: |
01644940 |
|
|
|
|
Name : |
Mr. Javier Simon Murga |
|
Designation : |
Director |
|
Address : |
Adva, Can Picanyol 30, 1, 1, Sant Cugat del Valles, 08251 |
|
Date of Birth/Age : |
27.12.1952 |
|
Date of Appointment : |
05.06.2008 |
|
DIN No.: |
02088686 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Magneti Marelli S.P.A., Italy |
|
4750000 |
|
SKH Sheet Metals Components Limited, India |
|
4750000 |
|
Total |
|
9500000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Bodies corporate |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Designing, Assembling of exhaust systems for
all types of motor cars, motor cycles and automobiles. |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
|
Hot end |
Qty |
658,800 |
92,108 |
|
Cold end |
Qty |
878,400 |
43,332 |
|
Others |
Nos. |
NA |
63,636 |
Notes:
Installed Capacity is as per a certificate by the Management and is not verified by the Auditors being a Technical matter.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Corporation Bank, Industrial Finance Branch, 1st Floor, 16/10, Main Arya Samaj Road, Karol Bagh, New Delhi-110001, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kalyaniwalla and Mistry Chartered Accountants |
|
Address : |
E/8, Gera Classics, Koregaon Road, Pune-400001, Maharashtra, India |
|
PAN No.: |
AAAFK7554R |
|
|
|
|
Parties which are
or in which the company is Joint Venture : |
|
|
|
|
|
Enterprises over
which key management personnel are able to exercise significant influence : |
|
|
|
|
|
Associates: |
|
CAPITAL STRUCTURE
As on 31.03.2011
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 |
|
|
|
|
|
|
9500000 |
Equity Shares |
Rs.10/- each |
Rs. 95.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
95.000 |
95.000 |
65.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(91.430) |
(62.034) |
(37.141) |
|
|
NETWORTH |
3.570 |
32.966 |
27.859 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
98.250 |
61.420 |
0.000 |
|
|
2] Unsecured Loans |
53.400 |
53.400 |
73.831 |
|
|
TOTAL BORROWING |
151.650 |
114.820 |
73.831 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
155.220 |
147.786 |
101.690 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
116.262 |
112.612 |
113.146 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.346 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
39.850
|
53.710 |
57.418 |
|
|
Sundry Debtors |
95.934
|
127.343 |
36.892 |
|
|
Cash & Bank Balances |
0.497
|
11.844 |
8.419 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
17.926
|
23.380 |
23.814 |
|
Total
Current Assets |
154.207
|
216.277 |
126.543 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
87.585
|
|
137.599 |
|
|
Other Current Liabilities |
26.258
|
29.347 |
|
|
|
Provisions |
1.406
|
1.386 |
0.746 |
|
Total
Current Liabilities |
115.249
|
181.103 |
138.345 |
|
|
Net Current Assets |
38.958
|
35.174 |
(11.802) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
155.220 |
147.786 |
101.690 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
765.791 |
544.770 |
141.434 |
|
|
|
Other Income |
3.155 |
1.796 |
0.394 |
|
|
|
TOTAL (A) |
768.946 |
546.566 |
141.828 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
775.318 |
548.021 |
167.862 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
(6.372) |
(1.455) |
(26.034) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.785 |
16.986 |
7.544 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(22.157) |
(18.441) |
(33.578) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.285 |
6.086 |
3.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
(28.442) |
(24.527) |
(36.878) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.954 |
0.335 |
0.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(29.396) |
(24.862) |
(37.141) |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(62.034) |
(37.141) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(91.430) |
(62.034) |
(37.141) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(3.09) |
(2.92) |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(3.82)
|
(4.55) |
(26.19) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(3.71)
|
(4.50) |
(26.07) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(10.52)
|
(7.46) |
(15.39) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(7.97)
|
(0.74) |
(1.32) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
42.48
|
3.48 |
2.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.19 |
0.91 |
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE
The registered office of the company has been shifted from Suites No. 301-304, Plot No. 9, Copia Corporate Suites, Jasola District Centre, New Delhi-110044, India to the present address w.e.f. 14.02.2012
BACKGROUND:
Subject is a joint venture between Magneti Marelli S.p.A., Italy and SKH Sheet Metal Components Private Limited with an equity participation of 50:50. The Company was incorporated on May 22, 2008 and has plant in Pune. The date of commercial production of Pune plant is August 8, 2008.
The Company is engaged in carrying of the business of manufacturing, designing, assembling of exhaust systems for all types of motor cars, motor cycles and automobiles in India.
OPERATIONS
The Company was able to achieve a turnover of Rs. 844.072 millions against Rs. 588.942 millions last year. However, due to heavy interest burden and the cost of raw materials, the Company was not able to come up with profit and incurred the loss of Rs. 28.442 millions, however keeping in view the growth potential of the Company, it is expected that it will surface up with the profit in the years to come.
DEVELOPMENT OF NEW
PRODUCTS
The Company is striving towards the establishment of its Research and Development base with a team of creative and experienced engineering professionals so as to ensure the development of wide range of sheet metal products for varied applications in short lead time and to upgrade the existing technology of the products manufactured by it.
UNSECURED LOAN
|
Particulars |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
In Millions) |
|
Other debt unsecured |
53.400 |
53.400 |
|
Total |
53.400 |
53.400 |
FIXED ASSETS
- Plant machinery
- Factory equipments
- Computer equipments
- Other equipments
- Furniture fixtures
- Computer software
WEBSITE DETAILS
PRESS RELEASE
MAGNETI MARELLI: A NEW PLANT INAUGURATED IN INDIA FOR THE PRODUCTION OF
EXHAUST SYSTEMS
10.29.2012
Today, Magneti Marelli inaugurated a new industrial plant in India dedicated to the production of automobile exhaust systems.
The new production site, built by SKH Magneti Marelli Exhaust Systems Private Limited, a joint venture between Magneti Marelli and SKH Metals Limited (part of the Krishna Group) signed in 2008, is located at the Maruti Suzuki Supplier Park in Manesar, nearby Gurgaon and just a few kilometres away from New Delhi.
The Indian plant covers a total surface of 8,000 square meters, 4,500 of which are covered and dedicated to the production areas for the manufacturing of Hot End components (catalytic converters) and Cold End components (mufflers). At full stretch, the plant will have a production capacity of 400,000 Cold End components and 150,000 Hot End systems a year, and will employ about 100 workers.
The new plant replaces an existing nearby structure dating back to 2009, and meets expansion and modernization requirements, allowing the product portfolio to be expanded to include cold end systems and ensuring more room for production activities.
For Magneti Marelli, the new plant in Manesar and the other production facility in Pune - which supplies Indian customers located in India’s northern and western region - represent an important and strategic presence on the Indian market in the specific sector of exhaust systems, especially in view of the issues pertaining to the reduction of emissions and of future regulatory scenarios.
With the inauguration of this new plant in the New Delhi area, Magneti Marelli further strengthens its presence in India. Since 2007, Magneti Marelli has in fact duplicated the entire industrial footprint in this country, with eight production plants in the following areas: powertrain, lighting, exhaust systems, suspensions, shock absorbers, electronic systems, infotainment and navigation.
“Magneti Marelli in India is by now a consolidated and growing presence that contributes to the evolution of the automotive sector on a lively market with a positive outlook in the medium and long-term - stated Eugenio Razelli, CEO of Magneti Marelli. In the specific area of exhaust systems, we have built a footprint that ensures us a strategic positioning on the market, in a critical technological area in view of the new scenarios tied to the reduction of polluting emissions, as well as the presence in two geographic areas which are crucial for the automotive sector in India”.
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. 54.54 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
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 |
|
26 |
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.