MIRA
INFORM REPORT
|
Report Date : |
12.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
THREE BOND INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
J-288, Saket, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
21.01.1997 |
|
|
|
|
Com. Reg. No.: |
55-084565 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.49.234
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900DL1997PTC084565 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELT04515A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT5989N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Sealants and Adhesives. |
|
|
|
|
No. of Employees
: |
110 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1665000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. General financial
position of the company seems to be sound and healthy. Profitability of the
company is decent. Trade relations
are fair. Business is active. Payment terms are reported to be usually
correct. The company can
be considered for business dealings at usual trade terms and condition. |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
|
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
NEWS
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
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
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
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. Vineet Negi |
|
Designation : |
Assistant Finance Manager |
|
Contact No.: |
91-9899250668 |
|
Date : |
09.07.2014 |
LOCATIONS
|
Registered Office : |
J-288, Saket, |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9899250668 (Mr. Vineet Negi) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Plot No.43, Sector-3, IMT Manesar, Gurgaon – 122 050, |
|
Tel. No.: |
91-124-4499025 EX. 214 |
|
Fax No.: |
91-124-4499025 |
|
|
|
|
Branch Office 1 : |
531-532, Udyog Vihar, Phase-V, Gurgaon – 122 016, |
|
Tel. No.: |
91-124-2347373/ 2347014-21 |
|
E-Mail : |
|
|
|
|
|
Branch Office 2 : |
No.242, |
|
Tel. No.: |
91-44-65325337/ 42851147-48 |
|
Fax No.: |
91-44-26257439 |
|
E-Mail : |
|
|
|
|
|
Overseas Office : |
Located at: ·
·
·
·
·
·
|
DIRECTORS
AS ON 25.04.2014
|
Name : |
Mr. Shuji Mochizuki |
||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||
|
Address : |
J-803, Central Park,
Sector 42, Gurgaon – 122 001, |
||||||||||||||||||
|
Date of Birth/Age : |
10.11.1956 |
||||||||||||||||||
|
Qualification : |
Graduate in Technical |
||||||||||||||||||
|
Experience : |
36 Years |
||||||||||||||||||
|
Date of Appointment : |
01.01.2010 |
||||||||||||||||||
|
DIN No.: |
02919332 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name : |
Mr. Shinji Sorimachi |
||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||
|
Address : |
S-23B, |
||||||||||||||||||
|
Date of Birth/Age : |
23.07.1956 |
||||||||||||||||||
|
Date of Appointment : |
01.01.2010 |
||||||||||||||||||
|
DIN No.: |
01225038 |
||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Vineet Negi |
|
Designation : |
Assistant Finance Manager |
|
|
|
|
Name : |
Koichi Muranaka |
|
Designation : |
Manager Technical |
|
Date of Birth/Age : |
55 Years |
|
Qualification : |
Graduate in Technical |
|
Experience : |
31 Years |
|
Date of Appointment : |
14.09.2012 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.04.2014
|
Names of Shareholders |
|
No. of Shares |
|
Three Bond Singapore Pte. Limited, |
|
4923447 |
|
Shinji Sorimachi |
|
1 |
|
Total |
|
4923448 |
AS ON 25.04.2014
|
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] |
99.99 |
|
Directors
or relatives of directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Sealants and Adhesives. |
||||||||
|
|
|
||||||||
|
Products/ Services : |
|
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Credit |
||||||||
|
|
|
||||||||
|
Purchasing : |
Credit and T.T. |
PRODUCTION STATUS (AS ON 31.12.2012)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Sealant |
Kgs |
NA |
75000 |
67236 |
|
Adhesives |
Kgs |
NA |
12000 |
6913 |
GENERAL INFORMATION
|
Suppliers : |
·
Three Bond Company Limited, |
|
|
|
|
Customers : |
OEM’s · Maruti Udyog Limited |
|
|
|
|
No. of Employees : |
110 (Approximately) |
|
|
|
|
Bankers : |
·
Mizuho Corporate Bank Limited, ICICI Bank Limited, Manesar, |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra K. Goel and Company Chartered Accountants |
|
Address : |
J-288, Ground Floor, Saket, |
|
Tel. No.: |
91-11-29551642/ 29555354 |
|
Fax No.: |
91-11-29555036 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAGPB2075G |
|
|
|
|
Holding Company: |
Three Bond Singapore Pte. Limited, |
|
|
|
|
Ultimate Holding Company: |
Three Bond Company Limited, |
|
|
|
|
Fellow Subsidiaries: |
·
Three Bond Manufacturing ( Three Bond Europe S.A.S |
CAPITAL STRUCTURE
AS ON 25.04.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4923448 |
Equity Shares |
Rs.10/- each |
Rs.49.234
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
49.234 |
49.234 |
49.234 |
|
(b) Reserves & Surplus |
366.970 |
352.768 |
349.378 |
|
(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) |
416.204 |
402.002 |
398.612 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
46.425 |
57.519 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.135 |
0.694 |
4.651 |
|
(d) Long-term
provisions |
15.180 |
15.050 |
9.429 |
|
Total Non-current
Liabilities (3) |
61.740 |
73.263 |
14.080 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
106.143 |
93.974 |
84.952 |
|
(c) Other
current liabilities |
59.579 |
42.951 |
30.370 |
|
(d) Short-term
provisions |
0.512 |
0.676 |
79.095 |
|
Total Current
Liabilities (4) |
166.234 |
137.601 |
194.417 |
|
|
|
|
|
|
TOTAL |
644.178 |
612.866 |
607.109 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
313.932 |
320.286 |
151.303 |
|
(ii)
Intangible Assets |
0.166 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
15.099 |
7.114 |
121.669 |
|
(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) |
2.496 |
3.703 |
3.779 |
|
(d) Long-term Loan and Advances |
19.037 |
21.337 |
1.581 |
|
(e) Other
Non-current assets |
0.700 |
0.100 |
0.000 |
|
Total Non-Current
Assets |
351.430 |
352.540 |
278.332 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
114.206 |
106.650 |
96.175 |
|
(c)
Trade receivables |
102.911 |
94.588 |
86.894 |
|
(d) Cash
and cash equivalents |
44.441 |
36.489 |
26.870 |
|
(e)
Short-term loans and advances |
31.190 |
22.599 |
118.838 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
292.748 |
260.326 |
328.777 |
|
|
|
|
|
|
TOTAL |
644.178 |
612.866 |
607.109 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
526.843 |
458.076 |
441.152 |
|
|
|
Other Income |
NA |
NA |
4.201 |
|
|
|
TOTAL |
NA |
NA |
445.353 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
NA |
394.465 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
394.465 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
25.938 |
11.126 |
50.888 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.097 |
6.175 |
3.680 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
15.841 |
4.951 |
47.208 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.638 |
1.561 |
18.135 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
14.203 |
3.390 |
29.073 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
156.633 |
153.243 |
124.170 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
170.836 |
156.633 |
153.243 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
62.892 |
0.904 |
|
|
|
Incentive |
|
|
0.055 |
|
|
|
Other Earnings |
|
|
0.908 |
|
|
TOTAL EARNINGS |
0.097 |
62.892 |
1.867 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
25.257 |
|
|
|
Job work Material |
NA |
NA |
5.946 |
|
|
|
Trading Goods |
NA |
NA |
205.331 |
|
|
|
Capital Goods |
NA |
NA |
0.091 |
|
|
TOTAL IMPORTS |
NA |
NA |
236.625 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.88 |
0.69 |
6.38 |
|
Expected Sales (2014): Rs.550.000 millions
The above information has been parted by Mr. Vineet Negi (Assistant
Finance Manager).
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
PAT / Total Income |
(%) |
NA |
NA |
6.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.01 |
1.08 |
10.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.53 |
0.82 |
9.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.01 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.11 |
0.14 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76 |
1.89 |
1.69 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
49.234 |
49.234 |
49.234 |
|
Reserves & Surplus |
349.378 |
352.768 |
366.97 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
398.612 |
402.002 |
416.204 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
57.519 |
46.425 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
57.519 |
46.425 |
|
Debt/Equity ratio |
0.000 |
0.143 |
0.112 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Turnover |
441.152 |
458.076 |
526.843 |
|
|
|
3.836 |
15.012 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Turnover |
441.152 |
458.076 |
526.843 |
|
Profit |
29.073 |
3.390 |
14.203 |
|
|
6.59% |
0.74% |
2.70% |
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 |
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 |
No |
|
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 |
|
UNSECURED LOANS |
31.12.2013 (Rs.
in Millions) |
31.12.2012 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Long Term Loan (ECB) |
|
|
|
Unsecured Loan USD 1200000 (@ 2.25% from
related party) to be repaid in 16 quarterly instalments of USD 75000 each
from August 2013 |
46.425 |
57.519 |
|
Total |
46.425 |
57.519 |
Note:
No Charges Exist for Company.
FIXED ASSETS:
·
Plant
and Machinery
Furniture
and Fixture
Office
Equipments
Vehicles
Computers
Electric
Installments
Temporary
Structure
ETP
Plant
Land
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 : |
HTL |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
47 |
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.