MIRA
INFORM REPORT
|
Report Date : |
18.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
AUTOCOMP INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-185, MIDC Area,
Malegaon, Sinnar, Nashik – 422103,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.08.2000 |
|
|
|
|
Com. Reg. No.: |
11-128429 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210MH2000PTC128429 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKA02186C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCA0209R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of auto components like HUBs and Covers. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 119000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade relations are fair. Business is active. Payement terms are
reported as 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.
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 DECLINED BY
|
Name : |
Mr. Arvind Manohar Namjoshi |
|
Designation : |
Director |
|
Contact No.: |
91-9422943810 |
|
Date : |
17.09.2013 |
LOCATIONS
|
Registered Office / Factory : |
C-185, MIDC Area,
Malegaon, Sinnar, Nashik – 422103,
Maharashtra, India |
|
Tel. No. : |
91-2551-230585 |
|
Fax No. : |
91-2551-230333 |
|
E-Mail : |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Arvind Manohar Namjoshi |
|
Designation : |
Managing Director |
|
Address : |
Plot No.2, S.No. 371/2/1A/2, Resi 3-Phase Indira Nagar, Nashik - 422009, Maharashtra, India |
|
Date of Birth/Age : |
10.07.1950 |
|
Date of Appointment : |
25.08.2000 |
|
DIN No. : |
01193023 |
|
|
|
|
Name : |
Mr. Anil Ramdas Sali |
|
Designation : |
Director |
|
Address : |
Siddhi, Bhd Rajsarthi, Indira Nagar, Nashik - 422009, Maharashtra, India |
|
Date of Birth/Age : |
05.07.1958 |
|
Date of Appointment : |
25.08.2000 |
|
DIN No. : |
01193182 |
|
|
|
|
Name : |
Mr. Hemant Pitamberdas Krishnani |
|
Designation : |
Director |
|
Address : |
RH No.8, Cluster-5, Kumar City, Kalyani Nagar, Pune - 411006, Maharashtra, India |
|
Date of Birth/Age : |
23.04.1960 |
|
Date of Appointment : |
25.08.2000 |
|
DIN No. : |
01193487 |
|
|
|
|
Name : |
Mr. Pratapsingh Gulabsingh Dhadiwal |
|
Designation : |
Director |
|
Address : |
Plot No.52, Shraddha Vihar, Vanvaibhav Road, Indira Nagar, Nashik - 422009, Maharashtra, India |
|
Date of Birth/Age : |
03.07.1954 |
|
Date of Appointment : |
10.01.2001 |
|
DIN No. : |
01840270 |
|
|
|
|
Name : |
Tommy Allison Harmon Jr |
|
Designation : |
Director |
|
Address : |
161 Stoney Fields Road, Manchester, 05255, United States of America |
|
Date of Birth/Age : |
30.07.1956 |
|
Date of Appointment : |
08.02.2001 |
|
DIN No. : |
03142648 |
|
|
|
|
Name : |
Frederick Miles Fritz |
|
Designation : |
Nominee director |
|
Address : |
7100, Wood Stork Way, Hobe Sound, Martin County, 33455, United States of America |
|
Date of Birth/Age : |
16.03.1946 |
|
Date of Appointment : |
01.04.2011 |
|
DIN No. : |
03474704 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Arvind
M Namjoshi |
|
10 |
|
Aneil
Ramdas Sali |
|
10 |
|
Arvind
M Namjoshi |
|
33330 |
|
Aneil
Ramdas Sali |
|
33330 |
|
Pratapsingh
Dhadiwal |
|
33320 |
|
Sonnax
Industries Inc, USA |
|
100000 |
|
Total |
|
200000 |
As on 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
50.00 |
|
Directors or relatives of Directors |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of auto components like HUBs and Covers. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Thane Janata Sahakari Bank Limited, 2, Suyojit Sankul, Near Nashik Municipal Corporation, Nashik - 422002, Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P.D. Kudva and Associates Chartered Accountants |
|
Address : |
4, Kumar Panorama, 45/1 B, Shankerseth Road, Pune – 411037,
Maharashtra, India |
|
PAN No. : |
AGIPK4606M |
|
|
|
|
Related Party : |
Sonnax
Industries Inc., USA |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000 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 |
|
2.000 |
2.000 |
|
(b) Reserves & Surplus |
|
27.892 |
18.192 |
|
(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) |
|
29.892 |
20.192 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
1.921 |
1.380 |
|
Total Non-current Liabilities (3) |
|
1.921 |
1.380 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
11.060 |
14.234 |
|
(b) Trade payables |
|
6.672 |
5.718 |
|
(c) Other current
liabilities |
|
0.000 |
0.000 |
|
(d) Short-term provisions |
|
6.042 |
4.470 |
|
Total Current Liabilities (4) |
|
23.774 |
24.422 |
|
|
|
|
|
|
TOTAL |
|
55.587 |
45.994 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
15.196 |
16.597 |
|
(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 |
|
0.250 |
0.250 |
|
(c) Deferred tax assets (net) |
|
1.500 |
1.190 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
16.946 |
18.037 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.005 |
0.005 |
|
(b) Inventories |
|
7.794 |
9.528 |
|
(c) Trade receivables |
|
9.387 |
0.000 |
|
(d) Cash and cash
equivalents |
|
4.956 |
0.159 |
|
(e) Short-term loans and
advances |
|
16.499 |
18.265 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
38.641 |
27.957 |
|
|
|
|
|
|
TOTAL |
|
55.587 |
45.994 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
18.050 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
11.333 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
29.383 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
4.417 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
4.417 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
33.800 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
13.935 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.255 |
|
|
DEFERRED TAX ASSETS |
|
|
1.009 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
14.214 |
|
|
Sundry Debtors |
|
|
5.920 |
|
|
Cash & Bank Balances |
|
|
0.122 |
|
|
Other Current Assets |
|
|
4.854 |
|
|
Loans & Advances |
|
|
2.491 |
|
Total
Current Assets |
|
|
27.601 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
5.384 |
|
|
Other Current Liabilities |
|
|
0.057 |
|
|
Provisions |
|
|
3.624 |
|
Total
Current Liabilities |
|
|
9.065 |
|
|
Net Current Assets |
|
|
18.536 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.065 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
33.800 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
102.960 |
95.650 |
70.510 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX
|
3.970 |
3.690 |
3.130 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(10.300) |
(6.890) |
(2.570) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
14.270 |
10.580 |
5.700 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
HUB Division |
42.048 |
|
|
|
|
|
Cover Division |
50.465 |
NA |
|
|
|
TOTAL EARNINGS |
92.513 |
NA |
65.174 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
9.834 |
NA |
NA |
|
|
TOTAL IMPORTS |
9.834 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
7.14 |
52.90 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.86
|
3.86 |
4.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.37
|
8.28 |
7.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.18 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.37
|
0.70 |
0.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.63
|
1.14 |
3.04 |
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 |
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 |
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 |
CURRENT MATURITIES OF
LONG TERM DEBTS : NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10127614 |
06/10/2008 |
10,000,000.00 |
THANE JANATA SAHAKARI BANK LIMITED |
2, SUYOJIT SANKUL, NEAR NASHIK MUNICIPAL CORPORATION, NASHIK - 422002, MAHARASHTRA, INDIA |
A49854276 |
|
2 |
90158421 |
18/05/2009 * |
14,500,000.00 |
THE THANE JANATA SAHAKRI BANK LIMITED |
2, SUYOJIT SANKUL, NEAR NASHIK MUNICIPAL CORPORATION, NASHIK - 422002, MAHARASHTRA, INDIA |
A65347882 |
|
3 |
90155374 |
06/11/2009 * |
21,500,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
2, SUYOJIT SANKUL, NEAR NASHIK MUNICIPAL CORPORATION, NASHIK - 422002, MAHARASHTRA, INDIA |
A73878761 |
|
4 |
90157891 |
18/05/2009 * |
6,000,000.00 |
THE THANE JANATA SAHAKRI BANK LIMITED |
2, SUYOJIT SANKUL, NEAR NASHIK MUNICIPAL CORPORATION, NASHIK - 422002, MAHARASHTRA, INDIA |
A65347510 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances
from related parties |
|
|
|
from directors |
2.323 |
5.010 |
|
from relatives of directors |
1.846 |
3.015 |
|
Total |
4.169 |
8.025
|
COMPANY OVERVIEW
Subject is a private limited company incorporated under the Companies Act,
1956. The company is engaged in manufacturing auto components viz., HUBs and
Covers. The major sales of the company are to Sonnax Industries Incorporation,
USA. Sonnax Industries Incorporation, USA is 50% shareholder in the company.
ACTIVITIES AND ACCOUNTS:
1 .COVER DIVISION
The Cover Division achieved a turnover of Rs. 54.240
millions as compared to Rs. 50.330 millions in the preceding year. After
depreciation of Rs. 2.120 millions (P.Y. Rs. 1.770 millions) for the year. The
Cover Division earned a net profit for the year of Rs. 7.220 millions (P.Y. of
Rs. 4.190 millions).
2. HUB DIVISION
The Hub Division achieved a turnover of Rs. 48.720 millions as compared
to Rs. 45.320 millions in the preceding year. After meeting depreciation of Rs.
1.850 millions (P.Y. Rs. 1.920 millions.) The HUB Division earned a net profit
for the year of Rs. 7.050 millions ( P.Y. Rs. 6.390 millions). The company's
order position in the current year for the HUB division is good. The Board
expects to maintain profitability of the HUB Division.
FIXED ASSETS
· Land
Building
Plant
and Machinery
Furniture
and Fixtures
Vehicles
– Car
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.63.38 |
|
|
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
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 |
|
44 |
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.