MIRA
INFORM REPORT
|
Report Date : |
22.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
TBEA ENERGY ( |
|
|
|
|
Registered
Office : |
Tbea House, Wadivadi,
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
07.07.2010 |
|
|
|
|
Com. Reg. No.: |
04-071817 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 2968.055
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40104GJ2010PTC071817 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDT01831E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCT5210F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of High Voltage Transformers and Shunt Reactors and also Trading of Cold Rolled Grain Oriented Steels. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 11700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Company has incurred loss from its operation 2013. However, capital
base of the company appears to be strong. Rating also takes into
consideration financial support from its parent company TBEA Shenyang
Transformer Group Company Limited. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India’s current account
deficit narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million worth
of mobile-phone-based transactions by July 2013 compared to Rs.260 million in
September, 2012, according to Deloitte report. The number of transactions has
shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities : BBB- |
|
Rating Explanation |
Moderate credit quality and average credit
risk. |
|
Date |
November 13, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities : A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
November 13, 2013 |
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
MANAGEMENT NON-COOPERATIVE
(CONTACT NO.: 91-265-2320428)
LOCATIONS
|
Registered Office : |
Tbea House,
Wadivadi, Dr. Sarabhai Road, Vadodara – 390007, Gujarat, India |
|
Tel. No.: |
91-265-2320428 |
|
Fax No.: |
91-265-2303140 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Site Office : |
Survey No. 742, 749, 750 and 751, National Highway 8,
Besides Jindal Rail Infrastructure Limited, Miyagam, Karjan, Vadodara –
391440, Gujarat, India |
|
|
|
|
Marketing Office : |
1002, Wing A, Singnature Towers, South City-I, Gurgaon – 122001,
Haryana, India |
|
Tel. No.: |
91-124-4988400 |
|
Fax No.: |
91-124-4988431 |
|
|
|
|
Regional Head
Office : |
Located at: · Mumbai Chennai Gurgaon |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Yong Leng |
|
Designation : |
Managing director |
|
Address : |
C-1048, Sushant Lok-1, Gurgaon – 122001, Haryana, India |
|
Date of Appointment : |
08.12.2011 |
|
DIN No.: |
05140650 |
|
|
|
|
Name : |
Zhijin Chen |
|
Designation : |
Director |
|
Address : |
House No. 936, Sector 40, Gurgaon – 122001, Haryana, India |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
03271793 |
|
|
|
|
Name : |
Mr. Gopal Krishan Gupta |
|
Designation : |
Director |
|
Address : |
53-54, Vikas Nagar, Old Padra Road, Vadodara -390020, Gujarat,
India |
|
Date of Birth/Age : |
05.07.1957 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06626534 |
|
|
|
|
Name : |
Wei Liu |
|
Designation : |
Director |
|
Address : |
1-7-1, No. 9-3, Tangzi Street, Dadong District, Shenyang |
|
Date of Birth/Age : |
13.10.1981 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06694746 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Tbea Shenyang Transformer Group Company Limited, China |
|
309917874 |
|
Zhang Xin |
|
10000 |
|
|
|
|
|
Total |
|
309927874 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of High Voltage Transformers and Shunt Reactors and also Trading of Cold Rolled Grain Oriented Steels. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
· ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda - 390015,
Gujarat, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SNK and Company Chartered Accountants |
|
Address : |
'SNK House' 31-A, Adarsh
Society, Opposite Seventh Day Adventist High School, Atwalines, Surat – 395001,
Gujarat, India |
|
Tel. No.: |
91-261-2656273-4/ 6544791-2 |
|
Fax No.: |
91-261-2656868 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAJFS8455L |
|
|
|
|
Holding Company : |
Tbea Shenyang Transformer Group Company Limited |
|
|
|
|
Subsidiary Company : |
Tbea (India) Trading Private Limited [U51103GJ2012PTC071903] |
|
|
|
|
Associates : |
·
TBEA Shanghai
Zonfa E Power EHV Equipment Company Limited TBEA Shenyang Morden logistic and international
Trade Company Limited TBEA USA Corporation |
|
|
|
|
Employee Fund : |
Employees Group Gratuity-cum-Life Assurance Scheme |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
312,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 3120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
309,927,874 |
Equity Shares |
Rs. 10/- each |
Rs. 3099.279
Millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 3000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
296,805,517 |
Equity Shares |
Rs. 10/- each |
Rs. 2968.055
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 |
2968.055 |
876.879 |
0.100 |
|
(b) Reserves & Surplus |
(86.246) |
0.088 |
(0.308) |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
32.071 |
0.000 |
4.395 |
|
Total
Shareholders’ Funds (1) + (2) |
2913.880 |
876.967 |
4.187 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1447.791 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.696 |
0.328 |
0.030 |
|
(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) |
1450.487 |
0.328 |
0.030 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
220.761 |
10.602 |
0.066 |
|
(c)
Other current liabilities |
74.486 |
3.276 |
1.906 |
|
(d) Short-term
provisions |
2.142 |
2.634 |
0.000 |
|
Total Current
Liabilities (4) |
297.389 |
16.512 |
1.972 |
|
|
|
|
|
|
TOTAL |
4661.756 |
893.807 |
6.189 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
883.343 |
805.229 |
2.435 |
|
(ii)
Intangible Assets |
3.420 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2111.429 |
57.083 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
36.950 |
6.284 |
1.720 |
|
(e) Other Non-current
assets |
0.023 |
0.035 |
0.046 |
|
Total Non-Current
Assets |
3035.265 |
868.631 |
4.201 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
82.744 |
0.000 |
0.000 |
|
(c)
Trade receivables |
65.112 |
3.620 |
0.000 |
|
(d) Cash
and cash equivalents |
138.928 |
4.053 |
1.920 |
|
(e)
Short-term loans and advances |
1337.657 |
16.926 |
0.060 |
|
(f)
Other current assets |
2.050 |
0.577 |
0.008 |
|
Total
Current Assets |
1626.491 |
25.176 |
1.988 |
|
|
|
|
|
|
TOTAL |
4661.756 |
896.807 |
6.189 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
36.039 |
|
|
|
|
|
Other Income |
24.196 |
0.087 |
|
|
|
|
TOTAL (A) |
60.235 |
0.892 |
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
116.502 |
0.000 |
|
|
|
|
Changes in inventories of traded goods |
(82.744) |
0.000 |
|
|
|
|
Employee benefit Expenses |
0.396 |
0.000 |
|
|
|
|
Other Expenses |
106.698 |
0.012 |
|
|
|
|
TOTAL (B) |
140.852 |
0.012 |
NA
|
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(80.617) |
0.880 |
[Including
Financial and Depreciation Expenses] |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.366 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(80.983) |
0.880 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.983 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(83.966) |
0.880 |
(0.278) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.368 |
0.483 |
0.030 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(86.334) |
0.397 |
(0.308) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
95.426 |
0.000 |
0.000 |
|
|
|
Advance for Capital Goods |
1212.739 |
9.970 |
0.000 |
|
|
TOTAL IMPORTS |
1308.165 |
9.970 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(0.46) |
0.005 |
(30.84) |
|
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%20PRIVATE%20LIMITED%20-%20251224_MIRA%2022-Jan-2014_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(143.33)
|
44.51 |
NA
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(232.99)
|
109.32 |
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.29)
|
0.11 |
(4.49)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.03)
|
0.00 |
(0.07)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.50
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.47
|
1.52 |
1.01 |
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
two 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 |
Yes |
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10462591 |
22/11/2013 |
550,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B90504473 |
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Tbea Shenyang Transformer Group Company Limited (ECB) |
1447.791 |
0.000 |
|
|
|
|
|
Total |
1447.791 |
0.000 |
|
Unsecured Long term borrowings
Shareholders: The Company has availed
ECB Loan equivalent to US$ 26,347,431 from TBEA Shenyang Transformer Group
Company Limited (its holding company), which carries interest calculated at
LlBOR + 5%. Interest becomes due as on December 31 every year and is payable
within 30 days. The said ECB can be utilised by the company for setting-up
factory in India and for the purpose of acquiring capital goods required for
establishing manufacturing facility. Maximum ECB loan is restricted to US$
40,000,000. The said ECB is repayable after 5 year of respective receipt of instalment, as per the
mutually agreed repayable date and entire ECB is repayable no1 later than
December 31, 2020. |
||
CHANGE OF ADDRESS:
The Registered office of the company has been shifted from X-17, Hauz Khas,
New Delhi – 110016, India to the present address w.e.f.16.08.2012.
CORPORATE INFORMATION
The Company is in
the process of establishing its manufacturing facility of production of high
voltage transformers and shunt reactors at Village Karjan, Near Vadodara,
Gujarat.
During the
reporting period, the company had undertaken trading of Cold Rolled Grain
Oriented steels, commonly known as CRGO and has also carried out erection and installations
of shunt reactors.
FINANCIAL RESULTS
During the year, the Company has incurred loss of Rs. 83.966 Millions as
compared to a Profit before tax of Rs. 0.880 Million in the previous year. The
Directors plan to take major steps for overall much better performance of the
company resulting into handsome profits in the years to come. The details of
financial performance of the Company are appearing in the Balance Sheet and
statement of Profit and Loss Account for the year being the forming part of
this report.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
Bank Guarantee |
29.371 |
0.000 |
|
|
|
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FIXED ASSETS:
· Freehold Land
Computer
Equipment
Furniture
and Fixture
Office
Equipment
Plant
and Machinery
Temporary
Building
Vehicles
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. 61.54 |
|
K Pound |
1 |
Rs. 101.08 |
|
Euro |
1 |
Rs. 83.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.