MIRA INFORM REPORT
|
Report Date : |
12.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
TOP VICTORY INVESTMENTS LIMITED |
|
|
|
|
|
201-205, Tower B, Millennium Plaza, Sector – 27, Gurgaon – 122001,
Haryana |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.01.1900 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 16.432 Millions |
|
|
|
|
FCRN : |
F01815 |
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|
|
|
Legal Form : |
Foreign Registered Company |
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|
|
|
Line of Business
: |
Trading of complete range of LCD/ LED Monitors and Television. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Branch of Foreign Registered Company |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
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|
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|
Comments : |
Subject is a Branch of Foreign Registered Company having a moderate
track record. As per available financial of 2012, the company has incurred huge
accumulated losses which has eroded networth of the company. However business is active as per the status shown in the Registrar of
Companies. Payment terms are slow. The company can be considered for business dealings on safe and
secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had willfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mr. Pooran |
|
Designation : |
Accountant |
|
Contact No.: |
91-124-2806407 |
|
Date : |
11.11.2014 |
LOCATIONS
|
Registered Office : |
|
|
|
|
|
India Head Office : |
201-205, Tower B, Millennium Plaza, Sector – 27, Gurgaon – 122001,
Haryana, India |
|
Tel. No.: |
91-124-2806407 |
|
Fax No.: |
Not Available |
|
|
|
|
Branch Office 1 : |
1114, 11th Floor, Raheja Towers (East Wing), Commercial
Complex, M.G. Road, Bangalore – 560001, Karnataka, India |
|
|
|
|
Branch Office 2 and Warehouse : |
RS 57/1, Karasoor Village, Villanur Commune, Pondicherry – 605111,
India |
|
|
|
|
Branch Office 3 : |
Tobacco House, Unit No. 4A, 4th Floor, 1 Old Court House
Corner, Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-40681170 |
|
|
|
|
Branch Office 4 : |
507 and 508, 5th Floor, B-Wing, Knox Plaza, Near Tangent, Off
Link Road, Mind Space, Malad (West), Mumbai – 400064, Maharashtra, India |
|
|
|
|
Branch Office 5 : |
604-605, Millenium Plaza, Tower-B, Sector 27,
Near Max Hospital, Gurgaon –
122002, Haryana, India |
|
Tel. No.: |
|
|
Fax No.: |
91-124-2806118 |
DIRECTORS
AS ON 31.12.2011
|
Name : |
Dr. Hsuan Jason |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Houng Yu-Te |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Lin Yeun-Wu |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Djuhar Sutanto |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Pooran |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Trading of complete range of LCD/ LED Monitors and Television. |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
GENERAL INFORMATION
|
Suppliers : |
-- |
|
|
|
|
Customers : |
-- |
|
|
|
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Uberoi Sood and Kapoor Chartered Accountants |
|
Address : |
606, Vishal Bhavan, 95 Nehru Place, New Delhi – 110019, India |
|
Tel. No.: |
91-11-26416942/ 26429297 |
|
Fax No.: |
91-11-26480027 |
|
E-Mail : |
|
|
|
|
|
Holding Company : |
TPV Technology Limited |
|
|
|
|
Subsidiaries : |
· AOC do Brasil Monitors Ltda ·
AOC International ( · Envision Industria de Productos Electronics Ltda ·
P-Harmony Monitors ( ·
P-Harmony Monitors ·
Top Victory Electronics ( ·
Top Victory Electronics ( · TPV Display Polska · TPV Display Technology (Wuhan) Company Limited · TPV Electronics (Fujian) Company Limited · TPV Electronics (Fuzhou Bonded Zone) Trading Company Limited · TPV Electronics (Wuhan) Company Limited · TPV International (Netherlands) B.V. · TPV International (USA) Inc. · TPV Technology (Ningbo) Company Limited · TPV Technology Display (Ningbo) Company Limited · TPV Technology (Beijing) Company Limited · TPV Technology (Suzhou) Company Limited · TPV Technology Polska · TPV Trading (Ningbo) Company Limited · Wuhan Adirmal Technology Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
|
PARTICULARS |
Amount in
Millions |
|
|
|
|
Funds from Head Office |
Rs. 16.432 Millions |
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Funds from Head Office |
|
16.432 |
14.299 |
|
(b) Reserves & Surplus |
|
(92.725) |
92.024 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(76.293) |
106.323 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
28.142 |
13.899 |
|
Total
Non-current Liabilities (3) |
|
28.142 |
13.899 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
1557.621 |
1363.549 |
|
(c)
Other current liabilities |
|
107.286 |
80.088 |
|
(d)
Short-term provisions |
|
39.413 |
32.213 |
|
Total
Current Liabilities (4) |
|
1704.320 |
1475.850 |
|
|
|
|
|
|
TOTAL |
|
1656.169 |
1596.072 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
9.039 |
8.997 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.414 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
154.309 |
19.265 |
|
(d) Long-term Loan
and Advances |
|
5.941 |
7.021 |
|
(e)
Other Non-current assets |
|
0.023 |
0.022 |
|
Total
Non-Current Assets |
|
169.312 |
35.719 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
581.475 |
502.848 |
|
(c)
Trade receivables |
|
833.469 |
975.460 |
|
(d)
Cash and cash equivalents |
|
10.499 |
22.405 |
|
(e)
Short-term loans and advances |
|
61.414 |
59.640 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
1486.857 |
1560.353 |
|
|
|
|
|
|
TOTAL |
|
1656.169 |
1596.072 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Funds from Head Office |
|
|
14.503 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
54.437 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
68.940 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
68.940 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
5.810 |
|
|
Capital work-in-progress |
|
|
0.414 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
46.861 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
126.057 |
|
|
Sundry Debtors |
|
|
694.068 |
|
|
Cash & Bank Balances |
|
|
29.760 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
122.644 |
|
Total
Current Assets |
|
|
972.529 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
840.070 |
|
|
Other Current Liabilities |
|
|
12.797 |
|
|
Provisions |
|
|
103.807 |
|
Total
Current Liabilities |
|
|
956.674 |
|
|
Net Current Assets |
|
|
15.855 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
68.940 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
5574.903 |
5090.106 |
3504.604 |
|
|
|
Other Income |
0.231 |
52.453 |
177.763 |
|
|
|
TOTAL (A) |
5575.134 |
5142.559 |
3682.367 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of traded goods |
5326.812 |
5070.646 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(78.627) |
(376.791) |
|
|
|
|
Employees benefits expense |
81.537 |
73.692 |
|
|
|
|
Other expenses |
555.980 |
305.060 |
|
|
|
|
TOTAL (B) |
5885.702 |
5072.607 |
3577.618 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(310.568) |
69.952 |
[Including Financial Expenses] |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.595 |
0.591 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(317.163) |
69.361 |
104.749 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.660 |
3.331 |
2.723 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX (E-F) (G) |
(319.823) |
66.030 |
102.026 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(135.073) |
28.443 |
45.226 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(184.750) |
37.587 |
56.800 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings [FOB Basis] |
144.359 |
141.432 |
93.735 |
|
|
|
Support from Head Office |
27.206 |
48.214 |
45.925 |
|
|
|
Expenses recovered |
3.200 |
1.188 |
3.546 |
|
|
TOTAL EARNINGS |
174.765 |
190.834 |
143.206 |
|
|
|
|
|
|
|
|
|
|
IMPORTS OF
TRADED GOODS |
4813.949 |
4633.712 |
3206.143 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(3.31) |
0.74 |
1.62 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
(5.57) |
1.37 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(21.30) |
4.19 |
10.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
4.19 |
0.62 |
1.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.87 |
1.06 |
1.02 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Funds from Head Office |
14.299 |
16.432 |
|
Reserves & Surplus |
92.024 |
(92.725) |
|
Net
worth |
106.323 |
(76.293) |
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3504.604 |
5090.106 |
5574.903 |
|
|
|
45.241 |
9.524 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3504.604 |
5090.106 |
5574.903 |
|
Profit/ (Loss) |
56.800 |
37.587 |
(184.750) |
|
|
1.62% |
0.74% |
(3.31%) |
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 |
No |
|
8] |
No. of employees |
No |
|
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 |
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 |
No |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
CORPORATE
INFORMATION
Top Victory Investments Limited – India Branch (the branch) is a branch
of Top Victory Investments Limited, incorporated in Hong Kong SAR with limited
liability. The branch has started its operation in India in 2001 and is engaged
in trading of complete range of LCD/ LED Monitors and Television.
FIXED ASSETS:
· Furniture and Fixture
· Vehicle
· Office Equipments
· Computer
· Improvement in Leasehold Properties
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. 61.55 |
|
|
1 |
Rs. 97.53 |
|
Euro |
1 |
Rs. 76.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
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.