MIRA
INFORM REPORT
|
Report Date : |
04.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
TRELLEBORG AUTOMOTIVE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
232, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.04.2000 |
|
|
|
|
Com. Reg. No.: |
55-105242 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 4.635 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300DL2000PTC105242 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELT03161E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT2293G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of anti-vibration solutions viz. Engine
Mountings, Primary Suspension Mountings, Power Train Mounting Systems, Exhaust
Hangers, PU Parts for leading manufacturers in the automobile sector. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Trelleborg International BV, Netherlands.’
It is an established company having a satisfactory track record. The financial position of the company appears to be sound and healthy.
Directors are reported as well experienced and knowledgeable businessmen. Trade relations are reported as decent. Business is active. Payment
terms are reported as regular and as per commitment. 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.
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
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that accounts
for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per cent is
the main reason for this overall IT cut. A Reserve Bank of India committee has
recommended setting up a special category of lenders who would cater to small
businesses and households, to expand the number of customers with access to
banking services. These banks would focus on providing payment services and
deposit products. Indian banks want the free use of automated teller
machines to be capped at five transactions in a month including that of the
bank in which the account is active. This follows state government order to
banks to install security guards at ATM booths after a woman banker was
assaulted in Bangalore. The government is likely to present a vote on Account
in mid-February. The annual Economic Survey will be tabled later in Parliament
along with the full Budget. A full Budget for 2014/15 is likely to be present
in July by the new government formed after the General Election. The government
will soon launch an internet spy system, called Netra, to detect malafide
messages. Security agency will deploy the system to capture dubious voice
traffic on applications such as Skype and Google Talk, as well as tweeters.
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.
LOCATIONS
|
Registered Office : |
232 Priyanka Tower, Moti Nagar, New Delhi – 110015, India |
|
Tel. No.: |
91-120-2563123/ 24/ 25/ 26 |
|
Fax No.: |
91-120-2567675 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
B - 190, Phase II, Gautam Budh Nagar, Noida – 201301, Uttar Pradesh,
India. |
|
Tel. No.: |
91-120-2896386/ 88 / 2563123 to 2563126 |
|
Fax No.: |
91-120-2896390/ 2567675 |
|
E-Mail : |
|
|
|
|
|
Factory/ Warehouse : |
24A, Site No.4, Sahibabad Industrial Area, Ghaziabad – 201010, Uttar
Pradesh, India |
|
Tel. No.: |
91-120-2896386/ 2779929/ 2779731/ 33 |
|
Fax No.: |
91-120-2896390/ 2775281 |
|
Area: |
50000 Sq. ft. |
|
Location: |
Lease |
|
|
|
|
Administrative Offices: |
6227, C – 6, Vasant Kunj, New Delhi – 110070, India |
|
Tel. No. |
91-120-4779731 |
|
Fax No. |
91-120-4771045 |
|
E-Mail: |
|
|
Website: |
|
|
|
|
|
Overseas Office: |
Located at : ·
·
China ·
·
·
·
·
·
|
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. James L. Law |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
B-190, Phase-II, Noida – 201305, Uttar Pradesh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.01.1955 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
12.05.2003 |
|||||||||||||||||||||||||||
|
DIN No.: |
01436518 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Balesh Kumar Jain |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
A-804, Eldeco Apartments, Sector-4, Vaishali, Ghaziabad - 201010, Uttar Pradesh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.10.1966 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
11.07.2005 |
|||||||||||||||||||||||||||
|
PAN No.: |
ACBPJ2570N |
|||||||||||||||||||||||||||
|
DIN No.: |
00678705 |
|||||||||||||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Dinesh Panditrao Pawar |
|||||||||||||||||||||||||||
|
Designation : |
Director Appointed in Casual Vacancy |
|||||||||||||||||||||||||||
|
Address : |
A-1/601, SEC-P I, Greater Noida – 201308, Uttar Pradesh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.07.1972 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
31.08.2007 |
|||||||||||||||||||||||||||
|
PAN No.: |
AAXPP8232E |
|||||||||||||||||||||||||||
|
DIN No.: |
01781929 |
|||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
|
|
463500 |
|
Trelleborg Holding AB, |
|
20 |
|
Total |
|
463520 |
As on 27.09.2013
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of anti-vibration solutions viz. Engine Mountings,
Primary Suspension Mountings, Power Train Mounting Systems, Exhaust Hangers,
PU Parts for leading manufacturers in the automobile sector. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· BNP Paribas The Hongkong and Shanghai Banking Corporation Limited |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
Banglore, Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFP9359C |
|
|
|
|
Holding Company: |
Trelleborg International BV, Netherlands |
|
|
|
|
Ultimate Holding
Company: |
· Trelleborg AB, Sweden (TA) Trelleborg Sealing Solutions (India) Private Limited CIN No.: U29130KA1997PTC022248 |
|
|
|
|
Fellow Subsidiary
Company : |
· Wuxi Trelleborg Vibration Isolator Company Limited, China (WTVIC) Trelleborg Fosheda AB ( TF) Trelleborg Automotive Brasil (TAB) Trelleborg Automotive Germany, Breuberg (TAGB) Trelleborg Automotive Spain (TAS) Trelleborg Automotive Cascante (TACS) Trelleborg Automotive USA (TAUSA) Trelleborg Automotive Germany Gmbh, Germany (TAG) Trelleborg Information Systems Services AB ( TISS) Trelleborg Automotive S.R.L. Romania ( TAR) Trel leborg Automotive Mexico SA de CV (TAM) Trelleborg Industrial AVS UK (TIAUK) Trelleborg YSH, United States of America (TAY) |
CAPITAL STRUCTURE
As on 31.03.2013
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 |
|
|
|
|
|
|
463520 |
Equity Shares |
Rs.10/- each |
Rs. 4.635
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 |
4.635 |
4.635 |
4.635 |
|
(b) Reserves & Surplus |
322.140 |
276.895 |
224.700 |
|
(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) |
326.775 |
281.530 |
229.335 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.025 |
31.731 |
113.144 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
16.362 |
14.814 |
10.471 |
|
Total Non-current Liabilities (3) |
26.387 |
46.545 |
123.615 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
70.000 |
34.596 |
91.312 |
|
(b) Trade payables |
196.600 |
228.076 |
244.506 |
|
(c) Other current
liabilities |
151.919 |
133.221 |
34.938 |
|
(d) Short-term provisions |
23.998 |
16.767 |
15.914 |
|
Total Current Liabilities (4) |
442.517 |
412.660 |
386.670 |
|
|
|
|
|
|
TOTAL |
795.679 |
740.735 |
739.620 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
298.429 |
306.831 |
302.673 |
|
(ii) Intangible Assets |
1.644 |
3.313 |
2.080 |
|
(iii) Capital
work-in-progress |
0.000 |
2.958 |
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) |
7.863 |
4.331 |
4.298 |
|
(d) Long-term Loan and Advances |
14.207 |
12.966 |
29.763 |
|
(e) Other Non-current assets |
0.020 |
0.020 |
0.020 |
|
Total Non-Current Assets |
322.163 |
330.419 |
338.834 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
167.234 |
139.115 |
111.856 |
|
(c) Trade receivables |
256.616 |
210.508 |
240.887 |
|
(d) Cash and cash equivalents |
11.880 |
24.237 |
5.509 |
|
(e) Short-term loans and
advances |
37.786 |
36.456 |
42.534 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
473.516 |
410.316 |
400.786 |
|
|
|
|
|
|
TOTAL |
795.679 |
740.735 |
739.620 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1685.731 |
1660.844 |
1467.870 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
137.415 |
144.247 |
75.349 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
69.902 |
66.260 |
45.701 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
67.513 |
77.987 |
29.648 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
22.268 |
25.793 |
11.416 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
45.245 |
52.194 |
18.232 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
76.033 |
76.033 |
|
|
|
Service Income |
|
5.919 |
5.919 |
|
|
TOTAL EARNINGS |
38.180 |
81.952 |
81.952 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
12.811 |
12.811 |
|
|
|
Capital Goods |
NA |
74.412 |
74.411 |
|
|
TOTAL IMPORTS |
NA |
87.223 |
87.222 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
97.61 |
112.60 |
39.33 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.00
|
4.70 |
2.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.57
|
10.63 |
4.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.28 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.24
|
0.24 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07
|
0.99 |
1.04 |
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90048375 |
07/03/2001 |
46,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
KASTURBA GANDHI MARG, NEW DELHI - 110001, INDIA |
- |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from others |
0.000 |
20.000 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties (Secured against hypothecation of stock and trade) |
70.000 |
0.000 |
|
Total |
70.000 |
20.000 |
GENERAL INFORMATION
Subject is a 100% subsidiary of Trelleborg AB Sweden, the ultimate holding company and is engaged in manufacturing of anti-vibration solutions viz. Engine Mountings, Primary Suspension Mountings, Power Train Mounting Systems, Exhaust Hangers, PU Parts for leading manufacturers in the automobile sector.
RESULT OF
OPERATIONS
Turnover for the year increased marginally from Rs 1660.840 million to Rs.1685.730 million. Profit before taxation was Rs 67.510 million and profit after tax of Rs. 45.240 million.
In continuation of its efforts to reassess the useful life of the assets of the Company and functional status as at the Balance sheet date, the management has identified certain assets for impairment and made a provision of Rs.4.950 million (previous year 4.990 million).
With the provision for impairment the depreciation for the year is higher by Rs 4.950 million with a consequential effect on the profit for the year and net worth of the Company.
FIXED ASSETS
v
Tangible
Assets
Plant
and Machinery
Office
Equipment
Data
Processing Equipments
Furniture
and Fixtures
Leasehold
Improvements
Motor
Vehicles
v
Intangible Assets
Computer
Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.69 |
|
|
1 |
Rs.102.97 |
|
Euro |
1 |
Rs.84.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.