MIRA
INFORM REPORT
|
Report Date : |
12.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
EMITEC EMISSION CONTROL TECHNOLOGIES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 4, S. No. 275/276/282/283, Village Maan, Taluka Mulshi, Pune
– 411057, Maharashtra |
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|
|
Country : |
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|
|
Financials (as
on) : |
31.03.2013 |
|
|
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Date of
Incorporation : |
15.07.2005 |
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|
|
|
Com. Reg. No.: |
11-021027 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.100.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2005PTC021027 |
|
|
|
|
IEC No.: |
3105007954 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE01739D |
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|
|
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PAN No.: [Permanent Account No.] |
AABCE4857D |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of Metallic Substrates’ (for catalytic after-treatment
of emissions) for automotive emission control with application in 2 and 3
wheelers, cars, light and heavy duty commercial vehicles and off-road and
stationary engines. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
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 |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of ‘EMITEC GESELLSCHAFT FÜR
EMISSIONSTECHNOLOGIE MBH, GERMANY’. It
is an established company having a satisfactory track record. The company has recorded a better growth in its total revenue earned
from its operations and profits during 2013. Trade relations are reported as fair. Business is active. Payment
terms are reported as usually correct. The company can be considered for business dealing 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
N E W S
The economy grew 4.7 %in 2013/14 , marking a second straight year of
sub-5 % growth – the worst slowdown in more than a quarter of a century. The
data was below an official estimate of 4.9 % annual growth and compared with
4.5 % in the last fiscal year. However, the current account deficit narrowed
sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a
record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold
imports due to restrictions on overseas purchases and muted import of capital
goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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. Ashish Kauthekar |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9881498684 |
|
Date : |
09.07.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 4, S. No. 275/276/282/283, Village Maan, Taluka Mulshi, Pune
– 411057, Maharashtra, India |
|
Tel. No.: |
91-20-39114800/ 39114801/ 39114830 |
|
Mobile No.: |
91-9881498684 (Mr. Ashish Kauthekar) |
|
Fax No.: |
91-20-39114999 |
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E-Mail : |
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|
Website : |
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|
Area : |
5000 Sq. ft. |
|
Location : |
Rented |
DIRECTORS
As on: 17.07.2013
|
Name : |
Mr. Christopher Francis Dias |
|
Designation : |
Managing Director |
|
Address : |
6 Manali Apartments, 421 B, |
|
Date of Birth/Age : |
31.12.1953 |
|
Qualification : |
B.Sc. (Chemistry) |
|
Date of Appointment : |
25.07.2005 |
|
Pan No.: |
AAMPD6666P |
|
DIN No.: |
00165680 |
|
|
|
|
Name : |
Mr. Andreas Aumueller |
|
Designation : |
Director |
|
Address : |
EIBENWFG 7, Regensburg 93055, Germany |
|
Date of Birth/Age : |
30.03.1965 |
|
Date of Appointment : |
30.06.2006 |
|
DIN No.: |
01369359 |
|
|
|
|
Name : |
Mr. Brij Mohan Kataria |
|
Designation : |
Director |
|
Address : |
7, Mahindra Colony, 121, Nagar Road, Yerawada, Pune-411006,
Maharashtra, India |
|
Date of Birth/Age : |
31.03.1940 |
|
Date of Appointment : |
25.07.2005 |
|
DIN No.: |
00549567 |
|
|
|
|
Name : |
Mr. Martin Kohn |
|
Designation : |
Alternate Director |
|
Address : |
41 Parseval Strasse 53757, Sankt Augustin, Germany |
|
Date of Birth/Age : |
25.06.1969 |
|
Date of Appointment : |
25.07.2005 |
|
DIN No.: |
01369311 |
|
|
|
|
Name : |
Berthold Johannes Curtius |
|
Designation : |
Director |
|
Address : |
Heinestr, 9, 50321 Bruhl 50321 |
|
Date of Birth/Age : |
06.05.1964 |
|
Date of Appointment : |
17.07.2013 |
|
DIN No.: |
06607011 |
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|
|
|
Name : |
Sven Seifert Friedhelm |
|
Designation : |
Alternate Director |
|
Address : |
Wiesenweg 7, 53639, Koenigs Winter, Berg Hausen 53639 Germany |
|
Date of Birth/Age : |
31.03.1972 |
|
Date of Appointment : |
14.06.2013 |
|
DIN No.: |
06607019 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Kauthekar |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 17.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Christopher Francis Dias |
|
1 |
|
Emitec Gesellschaft Fur |
|
9999999 |
|
|
|
|
|
Total |
|
10000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 17.07.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.99 |
|
Directors or relatives of Directors |
|
0.01 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Metallic Substrates’ (for catalytic
after-treatment of emissions) for automotive emission control with
application in 2 and 3 wheelers, cars, light and heavy duty commercial
vehicles and off-road and stationary engines. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
China |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Germany |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
State Bank of India, Industrial Finance Branch 2nd Floor, 'Tara Chambers' Near Mariaaipolicechowky, Mumbai Pune Highway, Wakdewadi, Pune - 411003, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
|
|
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
Muttha Towers, Suite No. 8, 5th Floor, Off Airport Road,
Pune-411006, Maharashtra, India |
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PAN No.: |
AADFP9359C |
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Holding Company : |
Emitec Gesellschaft Fur Emissionstechnologie mbH |
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Fellow Subsidiary
Company : |
Emitec Inc. |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
12000000 |
Preference Shares |
Rs.10/- each |
Rs.120.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.220.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
100.000 |
208.000 |
208.000 |
|
(b) Reserves & Surplus |
417.272 |
224.195 |
56.883 |
|
(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) |
517.272 |
432.195 |
264.883 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
99.094 |
120.924 |
60.502 |
|
(b) Deferred tax liabilities (Net) |
2.040 |
4.450 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.803 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
105.937 |
125.374 |
60.502 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
29.962 |
|
(b) Trade payables |
96.591 |
73.821 |
83.455 |
|
(c) Other current liabilities |
72.919 |
127.512 |
46.894 |
|
(d) Short-term provisions |
97.342 |
9.900 |
9.409 |
|
Total Current
Liabilities (4) |
266.852 |
211.233 |
169.720 |
|
|
|
|
|
|
TOTAL |
890.061 |
768.802 |
495.105 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
412.642 |
361.510 |
164.959 |
|
(ii) Intangible Assets |
0.379 |
0.175 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
2.218 |
1.449 |
|
(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 |
4.000 |
|
(d) Long-term Loan and Advances |
19.175 |
67.990 |
77.916 |
|
(e) Other Non-current assets |
1.063 |
1.139 |
1.316 |
|
Total Non-Current
Assets |
433.259 |
433.032 |
249.640 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
109.171 |
91.037 |
108.297 |
|
(c) Trade receivables |
217.074 |
141.673 |
112.908 |
|
(d) Cash and cash equivalents |
99.924 |
65.990 |
1.194 |
|
(e) Short-term loans and advances |
30.213 |
36.734 |
22.740 |
|
(f) Other current assets |
0.420 |
0.336 |
0.326 |
|
Total Current
Assets |
456.802 |
335.770 |
245.465 |
|
|
|
|
|
|
TOTAL |
890.061 |
768.802 |
495.105 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Total Revenue |
1634.908 |
1396.042 |
897.645 |
|
|
|
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 |
520.739 |
308.055 |
169.090 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
95.976 |
59.792 |
46.095 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
424.763 |
248.263 |
122.995 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
138.090 |
80.950 |
41.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
286.673 |
167.313 |
81.795 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
177.208 |
70.270 |
88.797 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
28.67 |
NA |
NA |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
1700.000 |
|
|
|
|
|
The above information has been parted by Mr. Ashish Kauthekar
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
47.72 |
32.29 |
24.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.82 |
0.57 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.19 |
0.28 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71 |
1.59 |
1.45 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
208.000 |
208.000 |
100.000 |
|
Reserves & Surplus |
56.883 |
224.195 |
417.272 |
|
Net
worth |
264.883 |
432.195 |
517.272 |
|
|
|
|
|
|
long-term borrowings |
60.502 |
120.924 |
99.094 |
|
Short term borrowings |
29.962 |
0.000 |
0.000 |
|
Total
borrowings |
90.464 |
120.924 |
99.094 |
|
Debt/Equity
ratio |
0.342 |
0.280 |
0.192 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Revenue |
897.645 |
1396.042 |
1634.908 |
|
|
|
55.523 |
17.110 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Revenue |
897.645 |
1396.042 |
1634.908 |
|
Profit |
81.795 |
167.313 |
286.673 |
|
|
9.11% |
11.98% |
17.53% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
(Rs. In Millions)
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long-term debt |
53.200 |
89.702 |
36.324 |
|
|
|
|
|
|
Total |
53.200 |
89.702 |
36.324 |
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last four 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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE
The registered office address of the company
shifted from 6, Manali Apartments, 421 B, Gokhale Road, Pune – 411016,
Maharashtra, India to the present address w.e.f. 10.05.2007
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
80036530 |
05/05/2011 * |
485,100,000.00 |
State Bank of India Industrial Finance Branch |
2ND FLOOR, 'TARA CHAMBERS' NEAR MARIAAIPOLICECHOWKY, |
B13362686 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
· Plant and Equipment
· Factory Equipments
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
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.60.19 |
|
|
1 |
Rs.103.15 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
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.