MIRA INFORM REPORT
|
Report Date : |
10.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
METAL ONE CORPORATION INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sood Tower, 1st Floor, 25, Barakhamba Road, New Delhi –
110001 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
27.06.2007 |
|
|
|
|
Com. Reg. No.: |
55-165254 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 500.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2007PTC165254 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM14840A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM1225R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer, Exporter, Stock and Sale of scrap, pig iron,
semi-finished steel, steel products for auto/other industries and any other
type of steel or allied products in raw, finished or processed form and their
intermediaries. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2700000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Metal One Corporation, Japan”, It is an established
company having moderate track record. The company possesses a moderate financial profile marked by low
position of reserves and a significant deterioration in its cash reserves. Management has further reported a significant dip in its net profitability
during 2013. However, the rating also take into consideration the infusion of funds
from the part of the promoters as capital which slightly strengthens the
profile during the year under review. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. In view of support from its holding company, the subject can be
considered for business dealings with some caution. |
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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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. Karan Khanna |
|
Designation : |
Manager |
|
Contact No.: |
91-9717799275 |
|
Date : |
07.04.2014 |
LOCATIONS
|
Registered Office : |
Sood Tower, 1st Floor, 25, Barakhamba Road, New Delhi –
110001, India |
|
Tel. No.: |
91-11-41503888 |
|
Mobile No.: |
91-9717799275 (Mr. Karan Khanna) |
|
Fax No.: |
91-11-41503554 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Vijaya, 2nd Floor, Rearwing, 17, Barakhamba Road, New Delhi, India |
/DIRECTORS
As on 16.09.2013
|
Name : |
Mr. Nobuaki Takashi |
|
Designation : |
Director |
|
Address : |
A 31, West End, Delhi – 110021, India |
|
Date of Birth/Age : |
12.01.1966 |
|
Date of Appointment : |
05.01.2013 |
|
DIN No.: |
06625157 |
|
Passport No.: |
Tz0825823 |
|
|
|
|
Name : |
Mr. Satoru Oki |
|
Designation : |
Managing Director |
|
Address : |
Park House, Ikedayama 2-803, 4-1-27 Higashigotanda Shinagawa-Ku,
Tokyo 1410022 |
|
Date of Birth/Age : |
09.04.1959 |
|
Date of Appointment : |
04.04.2012 |
|
DIN No.: |
05233060 |
|
Passport No.: |
TH6546380 |
|
|
|
|
Name : |
Mr. Kazuyuki Inada |
|
Designation : |
Director |
|
Address : |
C-520, 2nd Floor, Defence Colony New Delhi – 110024, India |
|
Date of Birth/Age : |
01.07.1966 |
|
Date of Appointment : |
01.05.2012 |
|
DIN No.: |
05263701 |
|
Passport No.: |
TK5154630 |
|
|
|
|
Name : |
Mr. Gagandeep Singh Arora |
|
Designation : |
Director |
|
Address : |
F-51, Bali Nagar, New Delhi – 110015, India |
|
Date of Birth/Age : |
19.07.1973 |
|
Date of Appointment : |
01.05.2012 |
|
DIN No.: |
03209743 |
|
Passport No.: |
H0741038 |
|
|
|
|
Name : |
Mr. Tetsu Hayashi |
|
Designation : |
Director |
|
Address : |
Room No.D2, 2-27-10 Chigasaki Higashi Tsuzuki-ku, Yokohama-shi, Kanagawa 2240033 |
|
Date of Birth/Age : |
25.07.1958 |
|
Date of Appointment : |
12.07.2012 |
|
DIN No.: |
05269323 |
|
Passport No.: |
TZ0216916 |
|
|
|
|
Name : |
Mr. Shingo Torii |
|
Designation : |
Director |
|
Address : |
Room No. 801, 135-1, Nakamaruko Nakahara-Ko, Kawasaki-Shi, Kanagawa 2110012 |
|
Date of Birth/Age : |
03.06.1967 |
|
Date of Appointment : |
12.07.2012 |
|
DIN No.: |
05313017 |
|
Passport No.: |
TH7370414 |
KEY EXECUTIVES
|
Name : |
Mr. Vandana Gupta |
|
Designation : |
Secretary |
|
PAN No.: |
AAOPG2902K |
|
|
|
|
Name : |
Mr. Karan Khanna |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Metal One Corporation, Japan |
|
49999900 |
|
Metal One Thailand, Bangkok |
|
100 |
|
Total |
|
50000000 |
As on 16.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer, Exporter, Stock and Sale of scrap, pig iron,
semi-finished steel, steel products for auto/other industries and any other
type of steel or allied products in raw, finished or processed form and their
intermediaries. |
||||||||||
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|
||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
|
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||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7Th Floor, Building 10 B DLF Cyber City Complex , DLF City Phase-2, Delhi, India |
|
PAN No.: |
AABFD2095B |
|
|
|
|
Holding company : |
Metal One Corporation, Japan |
|
|
|
|
Fellow Subsidiary
company: |
|
|
|
|
|
Ultimate Holding
company : |
Mitsubishi Corporation, Japan |
CAPITAL STRUCTURE
As on 16.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 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 |
500.000 |
328.300 |
328.300 |
|
(b) Reserves & Surplus |
175.280 |
127.869 |
28.884 |
|
(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) |
675.280 |
456.169 |
357.184 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
2.331 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
4.932 |
5.115 |
3.142 |
|
Total Non-current
Liabilities (3) |
4.932 |
5.115 |
5.473 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
662.331 |
601.955 |
671.465 |
|
(b) Trade
payables |
338.922 |
330.376 |
302.816 |
|
(c) Other
current liabilities |
46.069 |
29.998 |
41.526 |
|
(d) Short-term
provisions |
12.585 |
11.100 |
101.604 |
|
Total Current
Liabilities (4) |
1059.907 |
973.429 |
1117.411 |
|
|
|
|
|
|
TOTAL |
1740.119 |
1434.713 |
1480.068 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
38.227 |
27.572 |
20.429 |
|
(ii)
Intangible Assets |
34.622 |
48.436 |
59.224 |
|
(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) |
5.039 |
0.795 |
0.000 |
|
(d) Long-term Loan and Advances |
45.323 |
28.144 |
28.712 |
|
(e) Other
Non-current assets |
7.149 |
5.047 |
0.000 |
|
Total Non-Current
Assets |
130.360 |
109.994 |
108.365 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1003.239 |
665.956 |
946.782 |
|
(c) Trade
receivables |
416.970 |
553.130 |
345.165 |
|
(d) Cash
and cash equivalents |
10.119 |
48.216 |
10.637 |
|
(e)
Short-term loans and advances |
158.785 |
50.857 |
62.184 |
|
(f) Other
current assets |
20.646 |
6.560 |
6.935 |
|
Total
Current Assets |
1609.759 |
1324.719 |
1371.703 |
|
|
|
|
|
|
TOTAL |
1740.119 |
1434.713 |
1480.068 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
4189.870 |
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
4189.870 |
4393.380 |
3122.980 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
4071.800 |
4180.360 |
2906.830 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
4071.800 |
4180.360 |
2906.830 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
118.070 |
213.020 |
216.150 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES AND DEPRECIATION/ AMORTISATION |
59.600 |
65.230 |
48.090 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
58.480 |
147.790 |
168.060 |
|
|
|
|
|
|
|
|
|
|
TAX |
11.070 |
48.810 |
58.460 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
47.410 |
98.980 |
109.600 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.95 |
3.01 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.13 |
2.25 |
3.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.37 |
10.31 |
11.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.32 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.98 |
1.32 |
1.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
1.36 |
1.23 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
328.300 |
328.300 |
500.000 |
|
Reserves & Surplus |
28.884 |
127.869 |
175.280 |
|
Net
worth |
357.184 |
456.169 |
675.280 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
671.465 |
601.955 |
662.331 |
|
Total
borrowings |
671.465 |
601.955 |
662.331 |
|
Debt/Equity
ratio |
1.880 |
1.320 |
0.981 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
3122.980 |
4393.380 |
4189.870 |
|
|
|
40.679 |
(4.632) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
3122.980 |
4393.380 |
4189.870 |
|
Profit |
109.600 |
98.980 |
47.410 |
|
|
3.51% |
2.25% |
1.13% |
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 |
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 |
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 |
Note:
The registered office of the company has been shifted from 5th
Floor, Birla Tower, 25, Barakhamba Road, New Delhi – 110001, India to present
address w.e.f.06.05.2013
CORPORATE INFORMATION
Subject was incorporated on June 27, 2007 to carry on the business of import, export, stock and sale of scrap, pig iron, semi-finished steel, steel products for auto/other industries and any other type of steel or allied products in raw, finished or processed form and their intermediaries.
OPERATIONS REVIEW FUTURE
OUTLOOK
The Financial Year 201 2 -1 3 has registered de crease in sale from Rs.4393.380 Millions in the year 2011 -12 to Rs.4189.870 Millions in the year 2012-13 showing a de crease of 5 %. Due to market competition, company had to keep moderate Gross Profit and due to inflationary conditions operating costs have also gone up, moreover as company is in expansion phase other expenses are also increasing. Therefore there is decrease in PAT from Rs.99.000 Millions in FY 201 1 to Rs.47.000 Millions in FY 2012. Company has to plan its future growth strategy keeping this in view.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
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.59.95 |
|
|
1 |
Rs.99.36 |
|
Euro |
1 |
Rs.82.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
32 |
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.