|
Report Date : |
29.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
HUPHEN ELECTROMECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
J - 47 / 48 / 49, M.I.D.C., Ambad, Nashik - 422010, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.04.1990 |
|
|
|
|
Com. Reg. No.: |
11-056345 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.453 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920MH1990PTC056345 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Metering Cubicles, Current Transformers and
Potential Transformers |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There appears dip in sales and profit of the company. However, liquidity
position appears to be strong. Trade relations reported to be fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered normal for business dealing 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International Finance
Corporation expects to come out with its rupee linked bonds issue before the
end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs
41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched
in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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 : |
Mr. Sudhir Sukdeo Rane |
|
Designation : |
Director |
|
Contact No.: |
91-9822034315 |
|
Date : |
27.11.2013 |
LOCATIONS
|
Registered Office / Factory : |
J - 47 / 48 / 49, M.I.D.C., Ambad, Nashik - 422010,
Maharashtra, India |
|
Tel. No.: |
91-253-2381475 / 2388000 /2381001 |
|
Mobile No.: |
91-9822034315 (Mr. Sudhir Sukdeo Rane) |
|
Fax No.: |
91-253-2388099 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sudhir Sukdeo Rane |
|
Designation : |
Director |
|
Address : |
Kirti Kiran, Plot No. 14+15, Rameshwar Nagar, Anadvali, Gangapur Road, Nashik – 422013, Maharashtra, India |
|
Date of Birth/Age : |
07.09.1960 |
|
Date of Appointment : |
25.04.1990 |
|
DIN No.: |
00239150 |
|
Voter ID No.: |
MT/12.68/471029 |
|
|
|
|
Name : |
Mrs. Charu Sudhir Rane |
|
Designation : |
Director |
|
Address : |
Kirti Kiran, Plot No. 14+15, Rameshwar Nagar, Anadvali,
Gangapur Road, Nashik – 422013, Maharashtra, India |
|
Date of Birth/Age : |
01.04.1967 |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00355022 |
|
Voter ID No.: |
MT/12/68/471029 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sudhir Sukdeo Rane |
|
117600 |
|
Charu Sudhir Rane |
|
127700 |
|
Total |
|
245300 |
As on 25.03.2013
|
Names of Allottees |
|
No. of Shares Allotted |
|
Alembic Securities Private Limited, India |
|
100000 |
|
Total |
|
100000 |
As on 15.07.2013
|
Names of Allottees |
|
No. of Shares Allotted |
|
Alembic Securities Private Limited, India |
|
100000 |
|
Sudhir S Rane |
|
2400 |
|
Charu S. Rane |
|
2300 |
|
Total |
|
104700 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Metering Cubicles, Current Transformers and
Potential Transformers |
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Products : |
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Exports : |
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Products : |
Metering Cubicles |
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Countries : |
Belgium |
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Terms : |
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Selling : |
Cash / Credit (30 Days / 60 Days) |
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Purchasing : |
Cash / Credit (30 Days / 60 Days) |
PRODUCTION STATUS (As on 31.03.2013)
|
Particulars |
Unit |
Actual
Production |
|
Current transformer |
Nos. |
16076 |
|
Metering Cabinet |
Nos. |
1191 |
|
Potential Transformer |
Nos. |
206 |
|
Lock |
Nos. |
6 |
|
Meter Part of Control Panel |
Nos. |
454 |
|
Epoxy Road and Bushing |
Nos. |
112 |
|
Copper Scrap(Kg) |
Nos. |
1015 |
|
M.S.Scrap(Kg) |
Nos. |
13500 |
GENERAL INFORMATION
|
Suppliers : |
Huntsmen India Private Limited |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
End Users and Manufacturer Govt Body's ·
Maharashtra State Electricity Distribution
Company Limited ·
Tata Power Company Limited ·
Torrent Power Limited ·
GTL ·
C.S.P.D.C.L., Raipur, Chhattisgarh ·
North Delhi Power Limited (NDPL). ·
Suzlon Energy Limited ·
ABB Limited ·
Arcellor Mittal Distribution Solution India
Private Limited ·
Bharat Petrolium Corporation Limited ·
Central Railway ·
Crompton Greaves Limited ·
Hindustan Lever Limited ·
Hindustan Petroleum Corporation Limited ·
Indian Oil Corporation Limited ·
Infosys ·
Ispat Metalics India Limited |
||||||||||||||||||||||||
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|
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No. of Employees : |
60 (Approximately) |
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|
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|
Bankers : |
The Thane Janata Sahakari Bank Limited, Suyojit Sankul,
Sharanpur Road, Nashik - 422002, Maharashtra, India |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
M. K. Jagtap and Company Chartered Accountants |
|
Address : |
A-101, Paradise Plaza, Opposite Madhumilan, Near Sarda Circle, Nashik –
422001, Maharashtra, India |
|
PAN No.: |
ABKPJ3841K |
|
|
|
|
Related Parties : |
· Huphen Transformers India Private Limited ·
Huphen Fabricators Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs.10/- each |
Rs.3.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
345300 |
Equity Shares |
Rs.10/- each |
Rs.3.453 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.453 |
2.453 |
2.453 |
|
(b) Reserves & Surplus |
86.877 |
77.414 |
62.220 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
90.330 |
79.867 |
64.673 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.901 |
0.347 |
8.556 |
|
(b) Deferred tax liabilities (Net) |
2.345 |
2.812 |
2.805 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
3.246 |
3.159 |
11.361 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
6.607 |
16.218 |
23.209 |
|
(b) Trade payables |
18.111 |
21.821 |
21.499 |
|
(c) Other current
liabilities |
19.467 |
25.854 |
27.794 |
|
(d) Short-term provisions |
1.121 |
1.107 |
0.843 |
|
Total Current Liabilities (4) |
45.306 |
65.000 |
73.345 |
|
|
|
|
|
|
TOTAL |
138.882 |
148.026 |
149.379 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
34.222 |
36.961 |
35.944 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
7.747 |
1.602 |
1.501 |
|
Total Non-Current Assets |
41.969 |
38.563 |
37.445 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
16.275 |
13.343 |
12.047 |
|
(c) Trade receivables |
34.519 |
39.552 |
56.661 |
|
(d) Cash and cash
equivalents |
29.462 |
32.524 |
30.011 |
|
(e) Short-term loans and
advances |
15.311 |
21.535 |
12.759 |
|
(f) Other current assets |
1.346 |
2.509 |
0.456 |
|
Total Current Assets |
96.913 |
109.463 |
111.934 |
|
|
|
|
|
|
TOTAL |
138.882 |
148.026 |
149.379 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
155.520 |
194.029 |
261.892 |
|
|
|
Other Income |
3.522 |
2.827 |
2.513 |
|
|
|
TOTAL (A) |
159.042 |
196.856 |
264.405 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
97.112 |
130.267 |
191.202 |
|
|
|
Purchase of stock in trade, Changes in inventories of finished goods, work-in-progress and Stock-in-trade |
(1.841) |
(2.365) |
2.951 |
|
|
|
Employee benefits expenses |
11.623 |
10.303 |
9.384 |
|
|
|
Other expenses |
33.059 |
34.137 |
31.832 |
|
|
|
Exceptional items |
(1.305) |
(6.023) |
0.000 |
|
|
|
TOTAL (B) |
138.648 |
166.319 |
235.369 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
20.394 |
30.537 |
29.036 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.963 |
5.813 |
5.730 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
17.431 |
24.724 |
23.306 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.401 |
5.190 |
5.124 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12.030 |
19.534 |
18.182 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.067 |
4.341 |
5.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.963 |
15.193 |
12.682 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
0.031 |
0.004 |
|
|
TOTAL EARNINGS |
0.000 |
0.031 |
0.004 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
23.06 |
61.93 |
51.70 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.01
|
7.72 |
4.80 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.74
|
10.07 |
6.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.66
|
13.20 |
12.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.24 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.08
|
0.21 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.14
|
1.68 |
1.53 |
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 |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
No |
FINANCIAL RESULTS
The Company has earned profit of Rs.7.963 Millions after making provision for depreciation Rs.5.401 Millions. This profit includes profit from sale of fixed assets (machinery) to the tune of Rs.1.305 Millions.
OPERATIONS
The turnover of Company during the year was Rs. 155.520 Millions, which is almost 20% less compared to last years turnover of Rs. 194.029 Millions. This is due to recessionary trends all over the market. It is likely to increase in the current year.
CURRENT OUTLOOK
The turnover of the Company during the year has gone down. Also, order position of the company during the current year has not improved so far. Therefore, the company expects better profits during the year.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Short Term borrowings |
|
|
|
Mrs. C.S.Rane |
1.056 |
1.138 |
|
Mr. S. M. Gangatirkar |
0.415 |
0.415 |
|
Total |
1.471 |
1.553 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10225459 |
31/12/2009 |
22,500,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
A76947589 |
|
2 |
10075427 |
13/03/2007 |
9,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
A26534867 |
|
3 |
80002603 |
24/03/2006 * |
2,500,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
- |
|
4 |
80002600 |
24/03/2006 * |
2,500,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
- |
|
5 |
80002604 |
24/03/2006 * |
5,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
- |
|
6 |
80002605 |
23/08/2008 * |
30,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SUYOJIT SANKUL, SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
A46794459 |
* Date of charge modification
FIXED ASSETS
· Land
· Building
· Plant and Equipment
· Electrical Installation
· Furniture and Fixture
· Computer
· Dies and Moulds
· Office Equipments
· Test Equipments
· Car
· Vehicle(Tempo)
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.62.39 |
|
|
1 |
Rs.101.80 |
|
Euro |
1 |
Rs.84.75 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.