1. Summary Information
|
Country |
India |
||
|
Company Name |
KOREA FUEL-TECH INDIA PRIVATE LIMITED |
Principal Name 1 |
Dong Woon Cho |
|
Status |
Satisfactory |
Principal Name 2 |
Kim Tae Ha |
|
Registration # |
18-060332 |
||
|
Street Address |
Plot No. L/12/2, Sipcot Industrial Park, Mambakkam Village,
Sriperumbudur – 602105, Tamilnadu, India |
||
|
Established Date |
26.06.2006 |
SIC Code |
-- |
|
Telephone# |
91-44-47102910 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-47102902 |
Business Style 2 |
Importer |
|
Homepage |
Not Available |
Product Name 1 |
Filler Neck Assembly |
|
# of employees |
100 (Approximately) |
Product Name 2 |
Fuel Engines |
|
Paid up capital |
Rs.295,565,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 100% |
Banking |
ICICI Bank
Limited |
|
Public Limited Corp. |
NO |
Business Period |
7 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
Korea |
Korea Fuel Tech Corporation |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
178,099,000 |
Current Liabilities |
46,489,000 |
|
Inventories |
29,222,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
260,324,000 |
Other Liabilities |
30,642,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
77,131,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
94,949,000 |
|
|
|
Net Worth |
390,514,000 |
|
Total Assets |
467,645,000 |
Total Liab. & Equity |
467,645,000 |
|
Total Assets (Previous Year) |
401,785,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
483,883,000 |
Net Profit |
85,023,000 |
|
Total Income (Previous yr) |
375,708,000 |
Net Profit(Prev.yr) |
60,441,000 |
MIRA INFORM REPORT
|
Report Date : |
11.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
KOREA FUEL-TECH INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. L/12/2, Sipcot Industrial Park, Mambakkam Village,
Sriperumbudur – 602105, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.06.2006 |
|
|
|
|
Com. Reg. No.: |
18-060332 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.295.565 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299TN2006PTC060332 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK8613J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Exporter of Filler Neck Assembly and Fuel
Engines. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1560000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Profit margin of the company appears to be fair. Trade relations are fair. Business is active. Payment terms are
regular. The subject can be considered 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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the outbreak
of the global financial crisis, the world economy continues to remain fragile.
The Indian economy demonstrated remarkable resilience in the initial years of
the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood opportunities
for the millions living in poverty as also the large contingent of young people
joining the job market every year.
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. Krishnamurthy |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-44-47102910 |
|
Date : |
09.10.2013 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. L/12/2, Sipcot Industrial Park, Mambakkam Village,
Sriperumbudur – 602105, Tamilnadu, India |
|
Tel. No.: |
91-44-47102910/ 67130567/ 67130568/ 67130569/ 67130570/ 67130571 |
|
Fax No.: |
91-44-47102902 |
|
E-Mail : |
|
|
Area : |
Owned |
DIRECTORS
As on: 31.08.2012
|
Name : |
Dong Woon Cho |
|
Designation : |
Director |
|
Address : |
L 12/2, Korea Fuel Tech India Private Limited, Mambakkam Post,
Kanchipuram – 602105, Tamilnadu, India
|
|
Date of Birth/Age : |
25.03.1956 |
|
Date of Appointment : |
14.02.2013 |
|
DIN No.: |
02721887 |
|
|
|
|
Name : |
Kim Tae Ha |
|
Designation : |
Director |
|
Address : |
L 12/2, Korea Fuel Tech India Private Limited, Mambakkam Post,
Kanchipuram – 602105, Tamilnadu, India
|
|
Date of Birth/Age : |
10.06.1974 |
|
Date of Appointment : |
31.01.2012 |
|
Voter ID No.: |
|
|
DIN No.: |
03419848 |
|
|
|
|
Name : |
Yong Seok Lee |
|
Designation : |
Additional Director |
|
Address : |
Plot No. L/12/2, Sipcot Industrial Park, Mambakkam Village,
Sriperumbudur – 602105, Tamilnadu, India |
|
Date of Birth/Age : |
29.08.1957 |
|
Date of Appointment : |
14.02.2013 |
|
DIN No.: |
06503107 |
KEY EXECUTIVES
|
Name : |
Mr. Krishnamurthy |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dong Woon Cho (Nominee-Korea Fuel –Tech Corporation) |
|
5000 |
|
Korea Fuel –Tech Corporation |
|
29551461 |
|
|
|
|
|
Total |
|
29556461 |
Equity Share Break up (Percentage of Total Equity)
As on: 31.08.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Exporter of Filler Neck Assembly and Fuel
Engines. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
Turkey |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Materials |
||||
|
Countries : |
Korea |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C and Credit |
||||
|
|
|
||||
|
Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
100 (Approximately) |
|
|
|
|
Bankers : |
ICICI Bank Limited, Tamilnadu, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K G S and Associates Chartered Accountants |
|
Address : |
No. 19 Luz, Church Road, Opposite Kamedhenu Theatre, Mylapore, Chennai - 600004, Tamilnadu, India |
|
PAN No.: |
AAHFK1004F |
|
|
|
|
Holding Company : |
Korea Fuel Tech Corporation |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29556461 |
Equity Shares |
Rs.10/- each |
Rs.295.565 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
295.565 |
295.565 |
|
(b) Reserves & Surplus |
|
94.949 |
9.926 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
390.514 |
305.491 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
4.369 |
5.117 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
16.909 |
7.415 |
|
Total Non-current
Liabilities (3) |
|
21.278 |
12.532 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
44.256 |
52.319 |
|
(c) Other current liabilities |
|
2.233 |
3.127 |
|
(d) Short-term provisions |
|
9.364 |
28.316 |
|
Total Current
Liabilities (4) |
|
55.853 |
83.762 |
|
|
|
|
|
|
TOTAL |
|
467.645 |
401.785 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
260.324 |
254.244 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2.652 |
1.386 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
262.976 |
255.630 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
29.222 |
25.772 |
|
(c) Trade receivables |
|
90.558 |
41.111 |
|
(d) Cash and cash equivalents |
|
79.543 |
49.503 |
|
(e) Short-term loans and advances |
|
4.804 |
29.769 |
|
(f) Other current assets |
|
0.542 |
0.000 |
|
Total Current
Assets |
|
204.669 |
146.155 |
|
|
|
|
|
|
TOTAL |
|
467.645 |
401.785 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
145.940 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(50.514) |
|
|
NETWORTH |
|
|
95.426 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
151.400 |
|
|
TOTAL BORROWING |
|
|
151.400 |
|
|
DEFERRED TAX LIABILITIES |
|
|
6.151 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
252.977 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
257.533 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
|
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
0.000 |
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
16.367
|
|
|
Sundry Debtors |
|
|
74.689
|
|
|
Cash & Bank Balances |
|
|
34.717
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
29.532
|
|
Total
Current Assets |
|
|
155.305
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
144.800
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
15.312
|
|
Total
Current Liabilities |
|
|
160.112
|
|
|
Net Current Assets |
|
|
(4.807)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.251 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
252.977 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
483.883 |
375.708 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
377.860 |
299.543 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
106.023 |
76.166 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
21.000 |
15.724 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
85.023 |
60.441 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
40.163 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
|
2.88 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
17.57 |
16.09 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.67 |
18.96 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.25 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
1.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.66 |
1.74 |
0.97 |
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 |
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 two 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) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
|
34] |
External Agency Rating, if available |
No |
Note:
The Registered Office of the company has been shifted from L/12/2,
Sipcot Industrial Park, Mambakkam Village, Sriperumbudur Taluka, Kancheepuram –
602105, Tamilnadu, India to the present address w.e.f. 15.12.2009.
Note: No Charges Exist for Company
OUTLOOK:
The Company main object Manufacturing of Fuel System and assemblies of Fuel technical parts for the automobile Industry. The company Incorporated on 20th June 2006 in Chennai and commence the commercial production in August 2007. It is happy to note that the profitability has increased during the year under report.
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Factory Equipments
- Furniture and Fixtures
- Vehicles
- Computer Equipments
- Office equipment
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.62.14 |
|
|
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
48 |
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.