1. Summary Information
|
Country |
India |
||
|
Company Name |
BADVE ENGINEERING LIMITED |
Principal Name 1 |
Mr. Shrikant Shankar Badve |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ashok Vishnu Tagare |
|
Registration # |
11-102827 |
||
|
Street Address |
Plot No D-39 MIDC Area, Waluj, Aurangabad - 431133, Maharashtra |
||
|
Established Date |
25.09.1996 |
SIC Code |
-- |
|
Telephone# |
91-240-2555186 |
Business Style 1 |
Manufacture |
|
Fax # |
91-240-2555337 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Bracket and clutch Plate |
|
|
# of employees |
Not Available |
Product Name 2 |
Refrigerator |
|
Paid up capital |
Rs.9,942,000/- |
Product Name 3 |
Washing Machine |
|
Shareholders |
Bodies corporate – 4.65% Directors or relatives of directors – 95.29% Other – 0.06% |
Banking |
The
Saraswat Co-op. Bank Limited |
|
Public Limited Corp. |
-- |
Business Period |
17 Years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
Ba
(43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary |
India |
Badve Helmet India Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,956,987,000 |
Current Liabilities |
949,331,000 |
|
Inventories |
547,253,000 |
Long-term Liabilities |
3,154,048,000
|
|
Fixed Assets |
2,391,891,000 |
Other Liabilities |
113,446,000 |
|
Deferred Assets |
-- |
Total Liabilities |
4,216,825,000 |
|
Invest& other Assets |
941,525,000 |
Retained Earnings |
1,517,889,000 |
|
|
|
Net Worth |
1,620,831,000 |
|
Total Assets |
5,837,656,000 |
Total Liab. & Equity |
5,837,656,000 |
|
Total Assets (Previous Year) |
4,211,029,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
8,570,976,000 |
Net Profit |
52,774,000 |
|
Sales(Previous yr) |
6,332,962,000 |
Net Profit(Prev.yr) |
313,613,000 |
|
Report Date : |
10.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
BADVE ENGINEERING LIMITED (w.e.f.07.01.2008 ) |
|
|
|
|
Formerly Known
As : |
BADVE ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No D-39 MIDC Area, Waluj, Aurangabad - 431133, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.09.1996 |
|
|
|
|
Com. Reg. No.: |
11-102827 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.942 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73100MH1996PLC102827 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKB01165D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB9378F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Bracket and clutch Plate for trucks and Press parts
for Refrigerator, Washing Machine, Television etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6400000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject belongs to the Badve Group. It is an established company having
satisfactory track record. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered for 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.
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 |
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 : |
Plot No D-39 MIDC Area, Waluj, Aurangabad - 431133, Maharashtra, India |
|
Tel. No.: |
91-240-2555186 |
|
Fax No.: |
91-240-2555337 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 13.08.2012
|
Name : |
Mr. Shrikant Shankar Badve |
|
Designation : |
Managing Director |
|
Address : |
Flat No.6, Shubhkamana Apartment, Dashmesh Nagar, Aurangabad-400005,
Maharashtra, India |
|
Date of Birth/Age : |
10.10.1965 |
|
Date of Appointment : |
05.03.2012 |
|
DIN No.: |
00295505 |
|
|
|
|
Name : |
Mr. Ashok Vishnu Tagare |
|
Designation : |
Director |
|
Address : |
12 Arihant Shree Lane, No 7, Dahanukar Colony, Pune-411038,
Maharashtra, India |
|
Date of Birth/Age : |
26.05.1945 |
|
Date of Appointment : |
01.03.2002 |
|
DIN No.: |
00370768 |
|
|
|
|
Name : |
Mr. Govindswami Sambandha Moorthy |
|
Designation : |
Director |
|
Address : |
Bunglow No 3 A Tapdiya Estate Near A S Club, Nagar Highway, Aurangabad
- 400005, Maharashtra, India |
|
Date of Birth/Age : |
15.02.1938 |
|
Date of Appointment : |
15.03.2005 |
|
DIN No.: |
00295625 |
|
|
|
|
Name : |
Mrs. Supriya Shrikant Badve |
|
Designation : |
Director |
|
Address : |
Flat No.6, Shubhkamana Apartment, Dashmesh Nagar, Aurangabad - 400005,
Maharashtra, India |
|
Date of Birth/Age : |
10.07.1969 |
|
Date of Appointment : |
14.07.2008 |
|
DIN No.: |
00366164 |
|
|
|
|
Name : |
Mr. Narayan Ganu Mengane |
|
Designation : |
Director |
|
Address : |
Flat No 2 Akshay Apartment, Tulshibaugh Colony, S No 20 89/90/91,
Shankar Nagar, Pune-411009, Maharashtra, India |
|
Date of Birth/Age : |
21.09.1944 |
|
Date of Appointment : |
01.01.2009 |
|
DIN No.: |
02596372 |
|
|
|
|
Name : |
Mr. Shankar Prabhakar Badve |
|
Designation : |
Chairman & Director |
|
Address : |
Shri Malvika Co-op Housing Society, 53, Erandwana, Pune - 411004, Maharashtra, India |
|
Date of Birth/Age : |
14.11.1938 |
|
Date of Appointment : |
05.03.2012 |
|
DIN No.: |
02596372 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 13.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Badve Autocomps Private Limited, India |
|
540 |
|
Creative Tools & Press Components Private Limited,
India |
|
190 |
|
Master Sumedh Shrikant Badve |
|
140 |
|
Master Swastid Shrikant Badve |
|
140 |
|
Rajiv Vasant Savarkar |
|
850 |
|
Sanjay Shankar Badve |
|
20 |
|
Shankar Prabhakar Badve |
|
10250 |
|
Shankar Prabhakar Badve (HUF) |
|
10 |
|
Shrikant Shankar Badve |
|
9216105 |
|
Shrikant Shankar Badve (HUF) |
|
5730 |
|
Vasanta Ramkrishna Savarkar |
|
14110 |
|
Kumud Shankar Badve |
|
4745 |
|
Supriya Shrikant Badve |
|
563340 |
|
Yogita Sanjay Badve |
|
10 |
|
Sumedh Tools Private Limited, India |
|
478040 |
|
|
|
|
|
Total |
|
10294220 |
Equity Share Break up (Percentage of Total Equity)
As on: 13.08.2012
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
4.65 |
|
Directors or relatives of directors |
|
95.29 |
|
Other |
|
0.06 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bracket and clutch Plate for trucks and Press parts for
Refrigerator, Washing Machine, Television etc. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Patil and Associates Chartered Accountants |
|
Address : |
"A.P.Heights", Behind Gopal Cultural Hall, N E W Osmanpura, Aurangabad – 431005, Maharashtra, India |
|
PAN No.: |
ABFPP1555R |
|
|
|
|
Other Related
Parties : |
|
|
|
|
|
Subsidiaries : |
Badve Helmet India Private Limited CIN No. :
U74999MH2006PTC166603 |
CAPITAL STRUCTURE
As on: 13.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11500000 |
Equity Shares |
Rs.10/- each |
Rs. 115.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10294220 |
Equity Shares |
Rs.10/- each |
Rs. 102.942
Million |
|
|
|
|
|
As on: 31.03.2012
|
No. of Shares |
Type |
Value |
Amount |
|
11500000 |
Equity Shares |
Rs.10/- each |
Rs. 115.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
994200 |
Equity Shares |
Rs.10/- each |
Rs.9.942 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 |
9.942 |
2.942 |
2.942 |
|
|
2] Share Application Money |
93.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1517.889 |
984.090 |
670.820 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1620.831 |
987.032 |
673.762 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2820.415 |
1892.699 |
1125.662 |
|
|
2] Unsecured Loans |
333.633 |
381.763 |
405.784 |
|
|
TOTAL BORROWING |
3154.048 |
2274.462 |
1531.446 |
|
|
DEFERRED TAX LIABILITIES |
113.446 |
122.968 |
107.401 |
|
|
|
|
|
|
|
|
TOTAL |
4888.325 |
3384.462 |
2312.609 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2391.891 |
1884.562 |
1537.621 |
|
|
Capital work-in-progress |
687.904 |
413.989 |
26.046 |
|
|
|
|
|
|
|
|
INVESTMENT |
253.621 |
248.544 |
200.968 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
547.253
|
359.806
|
272.889 |
|
|
Trade receivable |
1296.997
|
941.304
|
666.447 |
|
|
Cash & Bank Balances |
4.925
|
16.226
|
24.350 |
|
|
Other Current Assets |
138.936
|
0.000
|
0.000 |
|
|
Loans & Advances |
516.129
|
346.432
|
262.063 |
|
Total
Current Assets |
2504.240
|
1663.768 |
1225.749 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
556.153
|
0.000
|
0.000 |
|
|
Other Current Liabilities |
280.586
|
663.517
|
592.869 |
|
|
Provisions |
112.592
|
163.050
|
85.161 |
|
Total
Current Liabilities |
949.331
|
826.567 |
678.030 |
|
|
Net Current Assets |
1554.909
|
837.201 |
547.719 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.166 |
0.255 |
|
|
|
|
|
|
|
|
TOTAL |
4888.325 |
3384.462 |
2312.609 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8570.976 |
6332.962 |
4152.153 |
|
|
|
Other Income |
4.059 |
13.044 |
7.264 |
|
|
|
Profit of Trading Sales |
0.000 |
0.000 |
1.352 |
|
|
|
TOTAL (A) |
8575.035 |
6346.006 |
4160.769 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
6521.003 |
4911.031 |
3213.223 |
|
|
|
Manufacturing Expenses |
0.000 |
757.657 |
327.751 |
|
|
|
Research development Expenditure |
0.000 |
0.236 |
0.000 |
|
|
|
Employee benefit expenses |
732.640 |
0.000 |
0.000 |
|
|
|
Office and Administrative Expenses |
0.000 |
0.000 |
34.918 |
|
|
|
Personnel Cost |
0.000 |
0.000 |
138.332 |
|
|
|
Selling and Distribution Expenses |
0.000 |
0.000 |
23.417 |
|
|
|
Other expenses |
418.170 |
0.000 |
0.000 |
|
|
|
Exceptional items before tax |
(58.979) |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
7612.834 |
5668.924 |
3737.641 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
962.201 |
677.082 |
423.128 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
208.448 |
159.152 |
124.350 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
753.753 |
517.930 |
298.778 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
148.729 |
132.187 |
99.780 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
605.024 |
385.743 |
198.998 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
84.250 |
72.130 |
35.050 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
520.774 |
313.613 |
163.948 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1480.900 |
1063.36 |
605.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.07 |
4.94
|
3.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.06 |
6.09
|
4.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.36 |
10.87
|
7.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.39
|
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.94 |
2.30
|
2.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.63 |
2.01
|
1.81 |
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 |
No |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U73100MH1996PLC102827 |
|
Name of the
company |
BADVE ENGINEERING
LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Plot No D-39
Midcarea Waluj, Aurangabad, Maharashtra – 431133, India Email-id:- badve_agd@sancharnet.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
The Saraswat
Co-Op Bank Limited, Rasec, Kanchan Chambers, Kranti Chowk, Station Road,
Aurangabad – 431005, Maharashtra, India Email-id:- rv_galgali@saraswatbank.com |
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of Vehicle dated 19th March 2013. |
|
Date of
instrument Creating the charge |
19.03.2013 |
|
Amount secured by
the charge |
Rs. 0.897 Million
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 10.40% p.a. fixed
with monthly rests or at such rates as may be prescribed in future by the bank
from time to time. Terms of
Repayment Repayable by
monthly installments of Rs.01.930 Million Margin NIL Extent and
Operation of the charge Hypothecation of
Vehicle to be purchased. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
Vehicle. |
Fixed Assets:
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. 54.24 |
|
|
1 |
Rs. 84.30 |
|
Euro |
1 |
Rs. 71.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
43 |
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.