MIRA INFORM REPORT
|
Report Date : |
15.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRANSPORT SOLUTIONS INDIA PRIVATE LIMITED (w.e.f. 28.05.2008) |
|
|
|
|
Formerly Known
As : |
STOKOTA ENGEE INDIA PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
44, Telco Senior Officers Society, Pimpri, Pune – 411 018, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.01.2006 |
|
|
|
|
Com. Reg. No.: |
11-021794 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 59.993 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34201PN2006PTC021794 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS5378K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing of trailers and tippers. . |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 700000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There appears some dip in the turnover of the company during 2012. The
external borrowings of the company appear to be increasing over years causing
a threat to the company’s liquidity. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating : D (Default) |
|
Date |
27.12.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: D (Default) |
|
Date |
27.12.2012 |
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.
INFORMATION DENIED
Management non-cooperative (Tel No.: 91-2135-666800)
LOCATIONS
|
Registered Office : |
44, Telco Senior Officers Society, Pimpri, Pune – 411 018,
Maharashtra, India |
|
Tel. No.: |
91-20-56119877 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
400 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Sr. No. 170, Plot No. D1, Chakan-Talegaon Highway, Khalumbre, Chakan
MIDC, Pune – 410 501, Maharashtra, India |
|
Tel. No.: |
91-2135-666800 |
|
Fax No.: |
91-2135-666866 |
|
Area : |
1500 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on: 02.07.2012
|
Name : |
Mr. Vijaikumar Rajnarain Singh |
|
Designation : |
Managing Director |
|
Address : |
44, Telco Senior Officers Society, Pimpri, Pune – 411 018, Maharashtra,
India |
|
Date of Birth/Age : |
17.07.1944 |
|
Date of Appointment : |
06.01.2006 |
|
PAN No.: |
ACPPS6103D |
|
DIN No.: |
00251966 |
|
|
|
|
Name : |
Mr. Gopalrao Gangadharrao Patwardhan |
|
Designation : |
Director |
|
Address : |
Miraj House, Ferguson College Road, Pune – 411005, Maharashtra, India |
|
Date of Birth/Age : |
18.07.2007 |
|
Date of Appointment : |
18.07.2007 |
|
DIN No.: |
00086757 |
|
|
|
|
Name : |
Sumati Prasad Mishrilal Bafna |
|
Designation : |
Director |
|
Address : |
22, Gobind Mahal, 86-B, Marine Drive, Mumbai – 400002, Maharashtra,
India |
|
Date of Birth/Age : |
26.10.1961 |
|
Date of Appointment : |
18.07.2007 |
|
DIN No.: |
00162546 |
|
|
|
|
Name : |
Mr. Anand Vijaikumar Singh |
|
Designation : |
Director |
|
Address : |
44, Telco Senior Officers Society, Pimpri, Pune – 411 018,
Maharashtra, India |
|
Date of Birth/Age : |
17.03.1975 |
|
Date of Appointment : |
06.01.2006 |
|
Pan No.: |
BCRPS0042L |
|
DIN No.: |
00251982 |
|
|
|
|
Name : |
Mr. Stanton Joey Dodson |
|
Designation : |
Director |
|
Address : |
214, Indiaco Icenter, L. B. S. Road, Pune – 411030, Maharashtra, India
|
|
Date of Birth/Age : |
26.05.1964 |
|
Date of Appointment : |
14.07.2008 |
|
DIN No.: |
00467350 |
|
|
|
|
Name : |
Mr. Amit Singh |
|
Designation : |
Additional Director |
|
Address : |
44, Telco Senior Officers Society, Pimpri, Pune – 411 018,
Maharashtra, India |
|
Date of Birth/Age : |
17.03.1975 |
|
Date of Appointment : |
09.06.2010 |
|
PAN No.: |
CJFPS1559E |
|
DIN No.: |
01903858 |
|
|
|
|
Name : |
Mr. Jacob Vaandrager |
|
Designation : |
Director |
|
Address : |
Veursestraatweg 102 2265 CK Leidschendam, Holland |
|
Date of Birth/Age : |
07.04.1936 |
|
Date of Appointment : |
16.01.2006 |
|
DIN No.: |
03608484 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 02.07.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vijai Kumar Singh |
|
1436644 |
|
Anand Singh |
|
1154607 |
|
J. Vaandrager Beher B.V., Holland |
|
1000000 |
|
Duke Special Opportunities Fund LLC, CA |
|
90520 |
|
Duke Equity Partners, California |
|
91320 |
|
TS India Holdings LLC, California |
|
28369 |
|
Duke Advisors Private Limited, India |
|
653489 |
|
Surya Premises Private Limited, India |
|
135000 |
|
Duke Equity Limited, UAE |
|
743552 |
|
Bafna Motors (Mumbai) Private Limited, India |
|
398928 |
|
Elzas Holding BV, Netherlands |
|
395753 |
|
Automotive Manufactures Private Limited, India |
|
714286 |
|
Kinnary Singh |
|
9428 |
|
Shanti Singh |
|
77428 |
|
Amit Singh |
|
171142 |
|
Total |
|
7100466 |
Equity Share Break up (Percentage of Total Equity)
As on: 02.07.2012
|
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 |
33.09 |
|
Bodies corporate |
26.78 |
|
Directors or relatives of Directors |
40.13 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of trailers and
tippers. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Actual
Production |
|
Tipper |
495 |
|
Trailer |
916 |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
· Bank of Maharashtra, Deccan Gymkhana Branch, J.M. Road, Deccan Gymkhana, Pune - 411004, Maharashtra, India · Citi Bank |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. C. Venkatraman and Company Chartered Accountants |
|
Address : |
11, Alka Classic, Near Union Bank of India, Somwar Peth, Pune – 411011, Maharashtra, India |
|
PAN.: |
ABNPV4509M |
|
|
|
|
Subsidiary : |
Groeneveld India Private Limited CIN No.: U74999PN2009PTC135137 |
|
|
|
|
Associates : |
· Lohr India Automotive Private Limited CIN No.: U34202PN2008PTC132243 · HLM India Private Limited CIN No.: U36900PN2010PTC137860 |
|
|
|
|
Joint Venture : |
Mosolf India Logistics Private Limited CIN No.: U63040PN2010FTC135587 |
CAPITAL STRUCTURE
As on: 02.07.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8650000 |
Equity Shares |
Rs.10/- each |
Rs. 86.500 Millions |
|
|
|
|
|
Issued, Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7100466 |
Equity Shares |
Rs.10/- each |
Rs. 71.005
Millions |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5900466 |
Equity Shares |
Rs.10/- each |
Rs. 59.005
Millions |
|
1200000 |
Equity Shares |
Rs.1/- each |
Rs. 1.200
Millions |
|
|
Total |
|
Rs. 60.205 Millions |
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8650000 |
Equity Shares |
Rs.10/- each |
Rs. 86.500 Millions |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7079330 |
Equity Shares |
Rs.10/- each |
Rs. 70.793
Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5879330 |
Equity Shares |
Rs.10/- each |
Rs. 58.793
Millions |
|
1200000 |
Equity Shares |
Rs.1/- each |
Rs. 1.200
Millions |
|
|
Total |
|
Rs. 59.993 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 |
59.993 |
59.993 |
49.604 |
|
|
2] Share Application Money |
1.081 |
1.081 |
7.081 |
|
|
3] Reserves & Surplus |
137.538 |
112.145 |
87.658 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(48.558) |
|
|
NETWORTH |
198.612 |
173.219 |
95.785 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
125.187 |
114.047 |
94.389 |
|
|
2] Unsecured Loans |
57.631 |
2.797 |
33.072 |
|
|
TOTAL BORROWING |
182.818 |
116.844 |
127.461 |
|
|
DEFERRED TAX LIABILITIES |
1.051 |
0.152 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
382.481 |
290.215 |
223.246 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
109.195 |
103.518 |
102.267 |
|
|
Capital work-in-progress |
43.048 |
21.968 |
12.066 |
|
|
|
|
|
|
|
|
INVESTMENT |
27.771 |
9.849 |
3.756 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
103.077
|
86.203 |
58.425 |
|
|
Sundry Debtors |
148.023
|
87.559 |
70.597 |
|
|
Cash & Bank Balances |
11.225
|
22.767 |
6.355 |
|
|
Other Current Assets |
9.957
|
10.770 |
0.583 |
|
|
Loans & Advances |
81.507
|
23.847 |
16.849 |
|
Total
Current Assets |
353.789
|
231.146 |
152.809 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
127.644
|
70.247 |
57.522 |
|
|
Other Current Liabilities |
21.760
|
5.109 |
0.000 |
|
|
Provisions |
1.918
|
0.910 |
1.015 |
|
Total
Current Liabilities |
151.322
|
76.266 |
58.537 |
|
|
Net Current Assets |
202.467
|
154.880 |
94.272 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
10.885 |
|
|
|
|
|
|
|
|
TOTAL |
382.481 |
290.215 |
223.246 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
526.009 |
550.869 |
278.468 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Cost of sales |
459.693 |
494.896 |
247.105 |
|
|
|
Administrative Expenses |
12.532 |
10.903 |
8.389 |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
51.563 |
42.834 |
20.989 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
14.963 |
12.854 |
11.044 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
36.600 |
29.980 |
9.945 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
8.956 |
8.562 |
8.698 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
27.644 |
21.418 |
1.247 |
|
|
|
|
|
|
|
|
|
|
TAX |
2.251 |
0.152 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
25.393 |
21.266 |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
1.453 |
6.552 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.58 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.83
|
3.86 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.97
|
6.40 |
0.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.12 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.92
|
0.67 |
1.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.34
|
3.03 |
2.61 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITOR
DETAILS
(Rs.
In Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Creditors due others |
127.644
|
70.247 |
57.522 |
|
Total |
127.644
|
70.247 |
57.522 |
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
PERFORMANCE:
During the period, the company achieved a turnover of Rs.526.009 Millions as against Rs. 550.869 Millions in the previous year. The company made operating profit of Rs. 66.316 Millions after providing for administrative expenses of Rs. 12.532 Millions, interest of Rs. 14.963 Millions and depreciation of Rs. 8.956 Millions. The company made cash profit of Rs. 38.821 Millions and net profit before tax of Rs. 27.644 Millions.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U34201PN2006PTC021794 |
|
Name of the
company |
TRANSPORT SOLUTIONS
INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
44, Telco Senior Officers Society, Pimpri, Pune – 411 018,
Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Others |
|
Particular of
charge holder |
Bank of Maharashtra, Deccan Gymkhana Branch, J.M. Road, Deccan Gymkhana, Pune - 411004, Maharashtra, India |
|
Nature of
instrument creating charge |
Guarantee for all
facilities except agricultural facilities |
|
Date of
instrument Creating the charge |
25.03.2013 |
|
Amount secured by
the charge |
Rs. 95.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per Sanctions
Letter Terms of Repayment As per Sanctions
Letter Margin As per Sanctions
Letter Extent and Operation of the charge The Guarantee
given by the company to Bank to secure credit facilities of Rupees 95.000
Millions granted to Lohr India Automotive Private Limited and Guarantors do
hereby Guarantee payment by Borrowers to Bank of all Amount of Principle and
all Interest, Cost, Charges, and Expenses Chargeable by Bank to Borrowers in
respect of Credit Facilities. For more
details refer agreement. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The Guarantee given by the company to Bank to secure credit facilities of Rupees 95.000 Millions granted to Lohr India Automotive Private Limited and Guarantors do hereby Guarantee payment by Borrowers to Bank of all Amount of Principle and all Interest, Cost, Charges, and Expenses Chargeable by Bank to Borrowers in respect of Credit Facilities |
UNSECURED LOAN
(Rs in Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Loans and advances from others |
57.631 |
2.797 |
|
Total |
57.631 |
2.797 |
FIXED ASSETS
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office equipment
· Computer equipments
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. 54.63 |
|
|
1 |
Rs. 83.67 |
|
Euro |
1 |
Rs. 71.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
|
32 |
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.