MIRA INFORM REPORT
|
Report Date : |
23.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
FINEARC SYSTEMS
PRIVATE LIMITED |
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Registered
Office : |
No.21, F II Block, M.I.D.C., Erandawana, Pimpri, Pune – 411 018, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
01.05.1986 |
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Com. Reg. No.: |
11-039713 |
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Capital
Investment / Paid-up Capital : |
Rs. 29.400 Millions |
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CIN No.: [Company Identification
No.] |
U31904MH1986PTC039713 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Robotic Welding and Cutting Automation Solutions. |
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No. of Employees
: |
200 (Approximately) |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SME 2 |
|
Rating Explanation |
High credit worthiness. |
|
Date |
August 30, 2014 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Raju Hegde |
|
Designation : |
Sr. Manager Admin |
|
Contact No.: |
91-9763720513 |
|
Date : |
20.12.2014 |
LOCATIONS
|
Registered Office/ Factory 1 : |
No.21, F II Block, M.I.D.C., Erandawana, Pimpri, Pune – 411 018, |
|
Tel. No.: |
91-20-30686306/ 07/ 27471655/ 27470650/ 2713058 |
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Mobile No.: |
91-9763720513 (Mr. Raju Hegde) |
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Fax No.: |
91-20-27475584 |
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E-Mail : |
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Website : |
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Area : |
1850 sq. m |
|
Location : |
Leased |
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Factory 2 : |
Gat No.408, Village Urawade, Taluka Mulshi, Pune – 412 108, |
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Tel. No.: |
91-20- 66750924/ 10 |
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Area : |
6200 sq. m |
|
Location : |
Owned |
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Services Centers : |
Located at: v v v Chennai v v Kolkata v Luknow |
DIRECTORS
As on 30.09.2014
|
Name : |
Mrs. Gayatri Shrinivasan |
|
Designation : |
Whole Time Director |
|
Address : |
The Woods, Duplex No.64, Kalewadi Circle, Near Park Street, Wakad,
Pune – 411 057, Maharashtra, India |
|
Date of Birth/Age : |
09.05.1954 |
|
Qualification : |
M. Com |
|
Date of Appointment : |
01.05.1986 |
|
DIN No.: |
00414713 |
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|
|
|
Name : |
Mr. Shrikant Sitaram Pathak |
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Designation : |
Whole Time Director |
|
Address : |
12, Amar Society, 44/2, Erandwana, Pune – 411 004, Maharashtra, India |
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Date of Birth/Age : |
18.09.1944 |
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Qualification : |
B.E. |
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Date of Appointment : |
01.10.1991 |
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DIN No.: |
00376821 |
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Name : |
Mr. Vikram Raghavesh Sirur |
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Designation : |
Director |
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Address : |
Opposite HDMC Office, Lamington Road, Hubli, Dharwad – 580 020,
Karnataka, India |
|
Date of Birth/Age : |
16.12.1946 |
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Qualification : |
B.E. |
|
Date of Appointment : |
01.04.2002 |
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DIN No.: |
00312980 |
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|
Name : |
Mrs. Shobha Shreepad Hegde |
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Designation : |
Whole Time Director |
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Address : |
Padamatara Building, 2425, 8th Main Road, 22nd Cross,
Banashankari, 2nd Stage, Bangalore – 560 070, Karnataka, India |
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Date of Birth/Age : |
22.05.1945 |
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Qualification : |
MA |
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Date of Appointment : |
01.05.1986 |
|
DIN No.: |
00414657 |
KEY EXECUTIVES
|
Name : |
Mr. Raju Hegde |
|
Designation : |
Sr. Manager Admin |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of holding |
|
Hegde Shobha and Shreepad Hegde |
67830 |
23.07 |
|
Pathak Anjali and Pathak Shrikant |
58800 |
20.00 |
|
Gayatri Srinivasan and V.S. Srinivasan |
53718 |
18.27 |
|
Hegde Shreepad |
5670 |
1.93 |
|
Pathak Shrikant and Anjali Pathak |
14700 |
5.00 |
|
V.S. Srinivasan and Gayatri Srinivasan |
19782 |
6.73 |
|
N.A. Sirur (Hubli) Private Limited, India |
73500 |
25.00 |
|
Total |
294000 |
100.00 |
As on 30.09.2014
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 Robotic Welding and Cutting Automation Solutions. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Robotic Welding and Cutting Automation Solutions |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users · Alpha Laval · International Auto · American Axle and Manufacturing · JBM · Bajaj Auto · Kalyani Lemmerz · B.A.R.C · Lanco · B.H.E.L · Marc Exhaust Systems Limited · CLW · Sharda Motors India Limited · Emcon Technologies · SKH Group · Emerson Technologies · Sona Koya · G.E. Healthcare · Steel Strips and Wheels Limited · Honda Motorcycles and Scooters India Limited · Tenneco Exhaust India · INOX India ·
TVS Motors |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
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Auditors : |
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Name : |
Anand Amarnath and Associates Chartered Accountants |
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Address : |
101, First Floor, Enkay Complex, Above Vijaya Bank, Keshwapur, Hubli –
580 023, Karnataka, India |
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PAN No.: |
AAEFA7432N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
299000 |
Equity Shares |
Rs.100/- each |
Rs. 29.900 Millions |
|
1000 |
Preference Shares |
Rs.100/- each |
Rs. 0.100 Million |
|
|
Total |
|
Rs. 30.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
294000 |
Equity Shares |
Rs.100/-
each |
Rs. 29.400
Millions |
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
29.400 |
29.400 |
29.400 |
|
(b) Reserves & Surplus |
92.730 |
83.742 |
71.287 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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(2) Share Application money pending
allotment |
0.000 |
0.325 |
0.325 |
|
Total
Shareholders’ Funds (1) + (2) |
122.130 |
113.467 |
101.012 |
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|
|
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(3)
Non-Current Liabilities |
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|
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|
(a) long-term borrowings |
0.000 |
0.000 |
2.135 |
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(b) Deferred tax liabilities (Net) |
0.195 |
0.363 |
0.060 |
|
(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) |
0.195 |
0.363 |
2.195 |
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
56.624 |
58.497 |
43.066 |
|
(b) Trade
payables |
135.720 |
72.725 |
44.972 |
|
(c) Other
current liabilities |
91.331 |
54.960 |
53.887 |
|
(d) Short-term
provisions |
38.315 |
30.479 |
23.142 |
|
Total Current
Liabilities (4) |
321.990 |
216.661 |
165.067 |
|
|
|
|
|
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TOTAL |
444.315 |
330.491 |
268.274 |
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
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(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
27.947 |
33.419 |
33.320 |
|
(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 |
0.192 |
0.202 |
0.158 |
|
Total Non-Current
Assets |
28.139 |
33.621 |
33.478 |
|
|
|
|
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
220.026 |
134.898 |
107.469 |
|
(c) Trade
receivables |
124.736 |
105.481 |
85.232 |
|
(d) Cash
and cash equivalents |
28.432 |
25.575 |
23.588 |
|
(e)
Short-term loans and advances |
42.242 |
30.639 |
18.234 |
|
(f) Other
current assets |
0.740 |
0.277 |
0.273 |
|
Total
Current Assets |
416.176 |
296.870 |
234.796 |
|
|
|
|
|
|
TOTAL |
444.315 |
330.491 |
268.274 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
378.607 |
362.508 |
457.820 |
|
|
|
Other Income |
8.278 |
4.564 |
3.854 |
|
|
|
TOTAL |
386.885 |
367.072 |
461.674 |
|
|
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|
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|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
323.089 |
250.678 |
260.331 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(85.199) |
(25.370) |
34.446 |
|
|
|
Employees benefits expense |
64.430 |
61.283 |
60.054 |
|
|
|
Other expenses |
47.594 |
38.998 |
50.349 |
|
|
|
TOTAL
|
349.914 |
325.589 |
405.180 |
|
|
|
|
|
|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
36.971 |
41.483 |
56.494 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.777 |
7.629 |
6.496 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
29.194 |
33.854 |
49.998 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.659 |
5.217 |
4.939 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
23.535 |
28.637 |
45.059 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.668 |
9.303 |
14.641 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
15.867 |
19.334 |
30.418 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Sales |
47.678 |
38.617 |
NA |
|
|
|
Services Export |
0.735 |
4.342 |
NA |
|
|
|
Sales Commission Received |
0.624 |
1.428 |
NA |
|
|
TOTAL EARNINGS |
49.037 |
44.387 |
NA |
|
|
|
|
|
|
|
|
|
|
CIF
Value of Imports |
43.026 |
42.809 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
53.97 |
65.76 |
103.46 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.19 |
5.33 |
6.64 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
9.77 |
11.44 |
12.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.30 |
8.66 |
16.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.25 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.46 |
0.52 |
0.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
1.37 |
1.42 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
29.400 |
29.400 |
29.400 |
|
Reserves & Surplus |
71.287 |
83.742 |
92.730 |
|
Net
worth |
100.687 |
113.142 |
122.130 |
|
|
|
|
|
|
long-term borrowings |
2.135 |
0.000 |
0.000 |
|
Short term borrowings |
43.066 |
58.497 |
56.624 |
|
Total
borrowings |
45.201 |
58.497 |
56.624 |
|
Debt/Equity
ratio |
0.449 |
0.517 |
0.464 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
457.820 |
362.508 |
378.607 |
|
|
|
(20.819) |
4.441 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
457.820 |
362.508 |
378.607 |
|
Profit |
30.418 |
19.334 |
15.867 |
|
|
6.64% |
5.33% |
4.19% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBT = NOT AVAILABLE
|
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 |
No |
|
17] |
Major suppliers |
No |
|
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 |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
ADDRESS |
Service Request
Number (SRN) |
|
1 |
10212511 |
05/05/2010 * |
20,000,000.00 |
BANK OF INDIA |
PIMPRI BRANCH,
PIMPRI, PUNE, MAHARASHTRA - 411018, INDIA |
A86475340 |
|
2 |
10211195 |
05/05/2010 * |
30,000,000.00 |
BANK OF INDIA |
PIMPRI BRANCH,
PIMPRI, PUNE, MAHARASHTRA - 411018, INDIA |
A86476660 |
|
3 |
10011198 |
21/09/2006 * |
20,000,000.00 |
BANK OF INDIA |
PIMPRI BRANCH,
PIMPRI, PUNE, MAHARASHTRA - 411018, INDIA |
A02843217 |
|
4 |
90087324 |
14/06/2005 |
1,500,000.00 |
BANK OF INDIA |
PIMPRI BRANCH,
PUNE, MAHARASHTRA - 411018, INDIA |
- |
|
5 |
90082505 |
28/01/2014 * |
130,000,000.00 |
BANK OF INDIA |
PIMPRI BRANCH,
PIMPRI, PUNE, MAHARASHTRA - 411018, INDIA |
B97730899 |
|
6 |
90090522 |
28/07/1997 * |
350,000.00 |
BANK OF INDIA |
PIMPRI BRANCH,
PUNE, MAHARASHTRA - 411018, INDIA |
- |
|
7 |
90082471 |
05/05/2010 * |
30,000,000.00 |
BANK OF INDIA |
PIMPRI BRANCH,
PIMPRI, PUNE, MAHARASHTRA - 411018, INDIA |
A86474574 |
|
8 |
90089705 |
28/07/1997 * |
150,000.00 |
BANK OF INDIA |
PIMPRI BRANCH,
PUNE, MAHARASHTRA - 411018, INDIA |
- |
|
9 |
90089620 |
07/06/2011 * |
50,000,000.00 |
BANK OF INDIA |
PIMPRI BRANCH,
PIMPRI, PUNE, MAHARASHTRA - 411018 |
B15368525 |
* Date of charge modification
OPERATIONS:
Due to industrial
recession, the turnover of the company for the year ended 31.03.2014 is Rs. 378.600
millions against Rs. 361.000 millions in the previous year.
The operating
results of the company for the year is satisfactory and the company, they will
find from the accompanying statement that the company has earned Net Profit of
Rs.15.867 millions (Rs.19.334
millions) after providing Rs. 5.659 millions (Rs. 5.217 millions) for
depreciation and Rs.7.836 millions (Rs.9.000 millions) for taxation.
Figures in the brackets pertain to previous year. The director are hopeful of
showing better result in the coming year.
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Motor Vehicles
- Scooters
- Type Writer
- Computer
- Testing Equipments
- Tools and Equipments
- 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 records 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.63.17 |
|
|
1 |
Rs.98.85 |
|
Euro |
1 |
Rs.77.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KLS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.