MIRA
INFORM REPORT
|
Report Date : |
07.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRECIALP PRECISION INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
GA and GB, Rivera Parkno.11, 4th Main Road Extension, Kottupuram,
Chennai – 600085, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.06.2006 |
|
|
|
|
Com. Reg. No.: |
18-060090 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.569 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31103TN2006PTC060090 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of turbo chargers. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 20000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There appears some accumulated losses recorded by the company. However, trade relation are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing 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.
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 onproviding 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.
INFORMATION PARTED BY
|
Name : |
Mr. S B Ragunathan |
|
Designation : |
Senior Manager Accounts |
|
Contact No.: |
91-9176744600 |
|
Date : |
06.02.2014 |
LOCATIONS
|
Registered Office / Head Office / factory 1 : |
GA and GB, Rivera Parkno.11, 4th Main Road Extension, Kottupuram,
Chennai – 600085, Tamilnadu, India |
|
Tel. No.: |
91-44-24473306/07 |
|
Mobile No.: |
91-9176744600 (Mr. S B Ragunathan) |
|
Fax No.: |
91-44-24473311 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 Sq ft |
|
Location : |
Rented |
|
|
|
|
Factory 2 : |
Shed No.17, Phase V, SIDCO Industrial Estate, Gummidipoondi
– 601 201 Tamilnadu, India. |
|
Tel. No.: |
91-44-27921254 |
|
Area : |
1 Acer |
|
Location : |
Rented |
|
|
|
|
Sales office: |
Located at ·
New Delhi ·
Pune ·
Chennai |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Kameshwaran Tanjore Krishnan |
|
Designation : |
Alternate director |
|
Address : |
Flat No. 10, Aprtment A, Raja Bhavan, 18, Royapettah High Road, Chennai – 600014,
Tamilandu, India |
|
Date of Birth/Age : |
11.07.1931 |
|
Date of Appointment : |
30.12.2010 |
|
DIN No.: |
01975662 |
|
|
|
|
Name : |
Mr. Venkatachalam Chidambaram |
|
Designation : |
Director |
|
Address : |
34, Maybury Court, Marylebone, London |
|
Date of Birth/Age : |
18.03.1974 |
|
Date of Appointment : |
05.06.2006 |
|
DIN No.: |
02300612 |
|
|
|
|
Name : |
Mr. Mallet Philippe Alexis |
|
Designation : |
Director |
|
Address : |
45, Impasses Des Orchidees, 74800 Larochee Surforon, France |
|
Date of Birth/Age : |
05.06.1965 |
|
Date of Appointment : |
26.03.2010 |
|
DIN No.: |
02612316 |
|
|
|
|
Name : |
Mr. Swaminadhan Subramanian |
|
Designation : |
Director |
|
Address : |
B 1, Dhruvanlvas, Old No. 23, New No. 15, South Mada Street, Srinagar
Colony, Saidapet, Chennai – 600015, Tamilnadu, India |
|
Date of Birth/Age : |
25.06.1956 |
|
Date of Appointment : |
30.12.2011 |
|
DIN No.: |
02927909 |
|
|
|
|
Name : |
Mr. Rennard Agnes |
|
Designation : |
Director |
|
Address : |
80, Chemin Des Revines, 74130 Mont, Saxonnex |
|
Date of Birth/Age : |
14.04.1966 |
|
Date of Appointment : |
27.01.2012 |
|
DIN No.: |
05220083 |
|
|
|
|
Name : |
Mr. Christophe Pierre Albert Francois |
|
Designation : |
Director |
|
Address : |
2090, Route DE L Epine 73290, LA Motte, Servolex |
|
Date of Birth/Age : |
20.05.1964 |
|
Date of Appointment : |
27.01.2012 |
|
DIN No.: |
05220125 |
KEY EXECUTIVES
|
Name : |
Mr. S B Ragunathan |
|
Designation : |
Senior Manager Accounts |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Seetha Chidambaram |
|
223700 |
|
Riviera Auto Components |
|
85000 |
|
Preclalp |
|
691994 |
|
Venkatachalam Chidambaram |
|
52957 |
|
Riviera Capital |
|
163000 |
|
Riviera Capital Consulting and Research Private Limited, India |
|
140200 |
|
|
|
|
|
Total |
|
1356851 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
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 |
63.00 |
|
Bodies corporate |
16.00 |
|
Directors or relatives of Directors |
21.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of turbo chargers. |
|
|
|
|
Exports : |
|
|
Products : |
Turbo chargers |
|
Countries : |
·
Korea ·
China |
|
|
|
|
Imports : |
|
|
Products : |
Machinery |
|
Countries : |
France |
|
|
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Terms : |
|
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Selling : |
Cash and Credit, through Bank |
|
|
|
|
Purchasing : |
Cash and Credit, through Bank |
GENERAL INFORMATION
|
Suppliers : |
Precialp, France |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers ·
Turbo Energy Limited ·
Honeywell Turbo India Private Limited ·
Precialp France |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||||||||
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|
|||||||||||||||||||||
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Bankers : |
Indian Overseas Bank, Haddows Road Branch, Prince Towers, College Road, Nungambakkam, Chennai - 600006, Tamil Nadu, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
· Cash and Credit : Rs. 13.000 Million (From Indian Overseas Bank ) · TC: Rs. 23.000 Millions (From Indian Overseas Bank )
|
|||||||||||||||||||||
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P.B.Vijayaraghavan and Company Chartered Accountants |
|
Address : |
Old No 27, New No 14, Cathedral Garden Road, Nungambakkam, Chennai –
600034,
Tamilnadu, India |
|
Tel. No.: |
91-44-28263918/3490 |
|
Fax No.: |
91-44-28276519 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAASV3332L |
|
|
|
|
Associates/Subsidiaries : |
·
Nippon Thermostat India Limited ·
Western Thomson India Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1356851 |
Equity Shares |
Rs.10/- each |
Rs. 13.569
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 |
13.569 |
13.569 |
7.269 |
|
(b) Reserves & Surplus |
(8.626) |
(22.056) |
(5.086) |
|
(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) |
4.943 |
(8.487) |
2.183 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
19.350 |
19.587 |
1.346 |
|
(b) Deferred tax liabilities (Net) |
2.623 |
1.884 |
1.457 |
|
(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) |
21.973 |
21.471 |
2.803 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
13.264 |
7.743 |
(0.586) |
|
(b) Trade payables |
92.576 |
76.010 |
18.820 |
|
(c) Other current
liabilities |
16.884 |
18.408 |
9.532 |
|
(d) Short-term provisions |
3.639 |
1.015 |
0.556 |
|
Total Current Liabilities (4) |
126.363 |
103.176 |
28.322 |
|
|
|
|
|
|
TOTAL |
153.279 |
116.160 |
33.308 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
56.881 |
52.228 |
12.571 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
56.881 |
52.228 |
12.571 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
25.573 |
20.868 |
3.366 |
|
(c) Trade receivables |
37.192 |
22.506 |
7.103 |
|
(d) Cash and cash
equivalents |
9.022 |
6.154 |
4.542 |
|
(e) Short-term loans and
advances |
24.611 |
14.404 |
5.697 |
|
(f) Other current assets |
0.000 |
0.000 |
0.029 |
|
Total Current Assets |
96.398 |
63.932 |
20.737 |
|
|
|
|
|
|
TOTAL |
153.279 |
116.160 |
33.308 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
134.615 |
55.417 |
24.542 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
17.006 |
17.947 |
1.379 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.838 |
1.405 |
0.653 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
14.168 |
16.542 |
0.726 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.739 |
0.428 |
0.149 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
13.429 |
16.114 |
0.577 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
22.056 |
5.086 |
(5.663) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(8.626) |
21.200 |
(5.086) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.90 |
NA |
NA |
|
Expected Sales (2013-2014) : Rs.150.000 Millions
The above information has been parted by Mr. S B Ragunathan (Senior
Manager Accounts)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
10.52
|
29.85 |
2.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.24
|
14.24 |
2.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
2.87
|
(1.95) |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
6.60
|
(3.22) |
(0.89) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.76
|
0.62 |
0.73 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
6.650 |
6.650 |
0.450
|
|
|
|
|
|
|
Total |
6.650 |
6.650 |
0.450
|
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
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 |
No |
BUSINESS OVERVIEW
The overall Automotive Industry in India for passenger cars grew by 2% in the year ending March 31st 2013, within passenger cars the diesel engine segment grew faster than the petrol engine segment due to the low cost of diesel compared to petrol prices. The forecast for passenger vehicle for FY 2011 is expected to be in the region of only 1 % due to the challenging domestic economic situation attribute to the inaction of Government policies depreciating currency due to the strength of US dollar tight liquidity interest rate situation.
The
turbo charger segment of the automotive industry is seeing a slowdown as the sales of diesel engines
have declined compared to the previous years. As the government reduce the
subsidies for diesel, the attraction of diesel cars has reduces. Furthermore
the decline in commercial vehicle sale which is closely linked to the fortunes
of the economy have also been a negative impact on the Turbo chargers segments.
Their company has continued to see a growth in sales fueled by new customers that gave been secured n the export markets. Their company has commenced supplies to HTT location in Korea and China. Due to the declining Indian rupee they are working with TEL their customer to resource their imported parts to their company. Their company is well positioned to show growth despite the slowdown in the do nastic market and this will help in consolidating their market and financial position.
PRODUCTION AND
SALES
The Production and Sale of Thrust Bearing and Actuators for the financial year 2012-1 3 were 730273 Nos will the comparative figures for the last year were 4401 20 Nos.
WORKING RESULTS
The Company has recorded the turnover of Rs.119.910 millions and earned a Profit of Rs.14.170 Millions. The directors will take appropriate steps to achieve the profit in the forthcoming financial year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Term loans from other parties |
1.281 |
0.831 |
|
|
|
|
|
Total |
1.281 |
0.831 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10216338 |
15/02/2012 * |
40,500,000.00 |
INDIAN OVERSEAS BANK |
HADDOWS ROAD
BRANCH, PRINCE TOWERS, COLLEGE ROAD, |
B32532491 |
* Date of charge modification
FIXED ASSETS
Tangible assets
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicle
·
Office Equipment’s
·
Electrical Installments
·
Computer
·
Air conditioner
·
Tools and Equipment’s
Intangible Assets
·
Brands / Trademarks
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.62.50 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
26 |
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.