MIRA INFORM REPORT
|
Report Date : |
21.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROSMERTA AUTOTECH PRIVATE LIMITED (w.e.f.18.02.2011) |
|
|
|
|
Formerly Known
As : |
MULTISPEED GEARS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Khasra No. 19/28, Kapashera, |
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|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
14.05.1987 |
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|
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|
Com. Reg. No.: |
55-027962 |
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Capital
Investment / Paid-up Capital : |
Rs.12.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1987PTC027962 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM14621F |
|
|
|
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PAN No.: [Permanent Account No.] |
AADCM3554B |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing and Supply of Automotive
Devices, Equipments and Providing Allied Services. |
|
|
|
|
No. of Employees
: |
65 (Approximately) (In Office + In Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 980000 |
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|
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|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a part of “Rosmerta Technologies Limited India”. It is an established company having a fine track record. The company has
seen a significant growth in its sales turnover as well as net profitability
during 2012 profit margin appears to be good. Trade relations are reported as fair. Business is active. Payment are
reported to be regular and as per commitments. The company can be considered normal 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took
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
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 DECLINED
MANAGEMENT NON CO-OPERATIVE.
Contact No.: 91-124-4990800
LOCATIONS
|
Registered Office : |
Khasra No. 19/28, Kapashera, New Delhi – 110037, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9218671893 (Mr. Arun Sharma) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Factory: |
Plot No. 5, 1st Floor, Khasra No. 171, Sector 5,
Parwanoo-173220, Himachal Pradesh, India |
|
Tel No.: |
91-1792-645242/ 645232 |
|
|
|
|
Corporate Office 1 : |
153, III Floor, Leela Building, Okhla Industrial Estate, Phase III, New Delhi-110020, India |
|
Tel. No.: |
91-11-41000055 |
|
Fax No.: |
91-11-40516033 |
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|
|
|
Corporate Office 2 : |
137, Udyog Vihar, Phase 1, Near Shankar Chowk, Gurgaon – 122001, Haryana,
India |
|
Tel No.: |
91-124-4990800 |
|
Fax No.: |
91-124-4990899 |
DIRECTORS
(AS ON 28.09.2012)
|
Name : |
Mr. Pankaj Madan |
|
Designation : |
Director |
|
Address : |
C-322, New Panchwati, Ghaziabad – 201001, Uttar Pradesh, India |
|
Date of Birth/Age : |
06.08.1971 |
|
Date of Appointment : |
18.08.2008 |
|
DIN No.: |
02614589 |
|
|
|
|
Name : |
Mr. Sandeep Malik |
|
Designation : |
Director |
|
Address : |
70-B Single Storey, Ramesh Nagar, New Delhi – 110015, India |
|
Date of Birth/Age : |
15.12.1971 |
|
Date of Appointment : |
30.06.2009 |
|
DIN No.: |
02698183 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Rosmerta Technologies Limited, India |
|
1199900 |
|
Pankaj Madan |
|
100 |
|
|
|
|
|
Total |
|
1200000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
99.99 |
|
Directors or relatives of directors |
|
0.01 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Supply of Automotive
Devices, Equipments and Providing Allied Services. |
|
|
|
|
Products : |
· Speed Governor (Fuel Based) · Speed Governor (Cable / Actuator Type) · GPS Based Variable Speed Governor (VSG) (Patent Pending) · Variable Speed Governor With Tracker (VSG + VTS) · Vehicle Tracking System (VTS) |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
|
Speed Limiting Devices |
Nos. |
NA |
NA |
16495 |
GENERAL INFORMATION
|
No. of Employees : |
65 (Approximately) (In Office + In Factory) |
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Bankers : |
ICICI Bank Limited, Delhi,
India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Dass Gupta and Associates Chartered Accountants |
|
Address : |
A-51, First Floor, Hauz Khas, New Delhi – 110016, India |
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Tel No.: |
91-11-46111000 (30 Lines) |
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Fax No.: |
91-11-46111099 |
|
PAN No.: |
AAAFD5804D |
|
Email : |
|
|
|
|
|
Holding Companies : |
·
Rosmerta Technologies Limited, India CIN No.:U72200MH2006PLC161565 |
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|
|
|
Up-Stream
Holding Companies: |
·
KKH Technologies Private Limited |
|
|
|
|
Entities over which
company or key management personnel or their relatives, exercise significant
influence : |
· Rosmerta Engineering Private Limited · Raysons Mid Road Sign Craft Private Limited · Albireo Telematics Private Limited · Rosmerta HSRP Ventures Private Limited · Rosmerta Holdings Private Limited · Mirador Commercial Private Limited |
CAPITAL STRUCTURE
(AS ON 28.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs.10/- each |
Rs.12.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
12.000 |
12.000 |
|
(b) Reserves & Surplus |
|
233.356 |
156.416 |
|
(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) |
|
245.356 |
168.416 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.537 |
0.810 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
2.544 |
0.883 |
|
Total
Non-current Liabilities (3) |
|
3.081 |
1.693 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
53.149 |
0.000 |
|
(b)
Trade payables |
|
7.714 |
1.894 |
|
(c)
Other current liabilities |
|
6.017 |
3.092 |
|
(d)
Short-term provisions |
|
20.015 |
4.181 |
|
Total
Current Liabilities (4) |
|
86.895 |
9.167 |
|
|
|
|
|
|
TOTAL |
|
335.332 |
179.276 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
3.451 |
3.036 |
|
(ii)
Intangible Assets |
|
7.250 |
5.912 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.020 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
1.066 |
0.561 |
|
(d) Long-term Loan
and Advances |
|
17.897 |
2.411 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
29.684 |
11.920 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
24.245 |
15.227 |
|
(c)
Trade receivables |
|
30.473 |
27.938 |
|
(d)
Cash and cash equivalents |
|
31.325 |
12.432 |
|
(e)
Short-term loans and advances |
|
219.604 |
111.685 |
|
(f)
Other current assets |
|
0.001 |
0.074 |
|
Total
Current Assets |
|
305.648 |
167.356 |
|
|
|
|
|
|
TOTAL |
|
335.332 |
179.276 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
12.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
138.839 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
150.839 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
150.839 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
7.959 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
5.502
|
|
|
Sundry Debtors |
|
|
76.632
|
|
|
Cash & Bank Balances |
|
|
58.931
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
10.002
|
|
Total
Current Assets |
|
|
151.067 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
2.913
|
|
|
Other Current Liabilities |
|
|
0.147
|
|
|
Provisions |
|
|
5.484
|
|
Total
Current Liabilities |
|
|
8.544
|
|
|
Net Current Assets |
|
|
142.523
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.357 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
150.839 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
89.474 |
77.366 |
|
|
|
Other Income |
|
1.016 |
2.909 |
|
|
|
TOTAL (A) |
343.729 |
90.490 |
80.275 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
50.163 |
37.524 |
|
|
|
Increase/(Decrease) in Stock |
|
(3.743) |
0.409 |
|
|
|
Administrative Expenses |
|
18.515 |
12.778 |
|
|
|
TOTAL (B) |
238.478 |
64.935 |
50.711 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Financial Expenses) |
25.555 |
29.564 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.243 |
0.088 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
105.251 |
25.312 |
29.476 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.197 |
3.551 |
2.107 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
101.054 |
21.761 |
27.369 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
24.114 |
4.184 |
4.338 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
76.940 |
17.577 |
23.031 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
62.960 |
45.383 |
22.352 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
139.900 |
62.960 |
45.383 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1.716 |
NIL |
NA |
|
|
TOTAL IMPORTS |
1.716 |
NIL
|
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
64.12 |
14.65 |
11.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
22.38
|
19.42 |
28.69 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
24.32 |
35.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
30.23
|
12.18 |
17.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.13 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.22
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.52
|
18.26 |
17.68 |
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 |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Short Term
Borrowings |
|
|
|
Loan from Holding Company |
53.149 |
0.000 |
|
Total |
53.149 |
0.000 |
NOTE
The Registered office of the company has been
shifted from 153, III Floor, Leela Building, Okhla Industrial Estate, Phase III, New
Delhi-110020, Delhi, India to the present address w.e.f.02.04.2012
PERFORMANCE OF THE COMPANY
The Company basically carries on the business of
manufacturing of automotive devises and allied activities. During the year
company achieved total revenue of Rs.343.700 Millions as compared Rs.90.400
Millions in the corresponding previous year. The Company has been able to earn
a Net Profit (after tax) of Rs.76.900 Millions for the current year as compared
Rs.17.500 Millions in the corresponding previous year. The directors are
putting all efforts to continue on growth path. The business scenario of the
Company is very encouraging and a significant growth in the business is
anticipated in ensuing years.
BACKGROUND
The company is a company registered under the
companies Act, 1956. It was incorporated on 14.05.1987 in the name of
Multispeed Gear Private Limited and changed its name to Rosmerta Autotech
Private Limited w.e.f. 18.02.2011. The company is primarily engaged in the
business of manufacturing and supply of Automotive Devices, Equipments and
Providing Allied Services. The company is a subsidiary of Rosmerta Technologies
Limited and Upstream Subsidiary of KKH Technologies Private Limited (Delhi)
CONTINGENT
LIABILITIES NOT PROVIDED FOR IN RESPECT OF: (As on 31.03.2012)
Bank Guarantee issued to Government Authorities: Rs.0.180
Million.(Previous year : Rs.0.545 Millions)
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS:
· Computers
· Office Equipments
· Plant and Machinery
· Motor Vehicle
· Furniture And Fixtures
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.61.28 |
|
K Pound |
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
51 |
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.