MIRA
INFORM REPORT
|
Report Date : |
26.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
HETTICH INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Durolite House, Opposite SAB TV Tower, New Link Road,
Andheri (West), Mumbai - 400053, Maharashtra |
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Country : |
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Financials (as
on) : |
31.12.2013 |
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|
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Date of
Incorporation : |
29.11.1999 |
|
|
|
|
Com. Reg. No.: |
11-161129 |
|
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|
|
Capital
Investment / Paid-up Capital : |
Rs.58.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36109MH1999PTC161129 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH10141F |
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|
|
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PAN No.: [Permanent Account No.] |
AAACH8849M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader, Importer and Exporter of Furniture Accessories. |
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No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4700000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. Financial position of the company is good. Trade relations are reported as fair. Business is active. Payments terms
are reported to be regular and as per commitment. The company can be considered normal 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.
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 wilfully 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Anil |
|
Designation : |
Logistic Manger |
|
Contact No.: |
91-22-26743289 |
|
Date : |
25.11.2014 |
LOCATIONS
|
Registered Office : |
3rd Floor, Durolite House, Opposite SAB TV Tower, New Link Road,
Andheri (West), Mumbai - 400053, Maharashtra, India |
|
Tel. No.: |
91-22-26743289/ 3356/ 4089 |
|
Fax No.: |
91-22-26743267 |
|
E-Mail : |
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|
Website : |
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Branch Office : |
6-1, Ground Floor, |
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Tel. No.: |
91-11-23580713/ 23584603 |
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Warehouse: |
Located at ·
Bhiwandi ·
Thane ·
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|
|
|
Branch Office / Warehouse: |
Located at ·
|
DIRECTORS
As on 07.05.2014
|
Name : |
Mr. Saroj Kumar Poddar |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
2, |
|
Date of Birth/Age : |
15.09.1945 |
|
Date of Appointment : |
29.01.2001 |
|
PAN No.: |
AFTPP2386N |
|
00008654 |
|
|
|
|
|
Name : |
Mr. Krishan Kumar Gupta |
|
Designation : |
Director |
|
Address : |
10-C, Sagar Apartments, 6, Tilak Marg, |
|
Date of Birth/Age : |
24.02.1939 |
|
Date of Appointment : |
29.11.1999 |
|
DIN No.: |
00024221 |
|
|
|
|
Name : |
Mr. Anil Kumar Goel |
|
Designation : |
Managing Director |
|
Address : |
70, Rajdhani Enclave, Pitam Pura, |
|
Date of Birth/Age : |
01.02.1958 |
|
Qualification : |
B.Com (ACA) |
|
Experience : |
31 Years |
|
Date of Appointment : |
24.05.2001 |
|
PAN No.: |
ABWPG4504A |
|
DIN No.: |
00103997 |
|
|
|
|
Name : |
Mr. Andreas Berthold Hettich |
|
Designation : |
Director |
|
Address : |
Im Groben Vorwerk 25, |
|
Date of Birth/Age : |
13.08.1969 |
|
Date of Appointment : |
26.06.2009 |
|
DIN No.: |
02366338 |
|
|
|
|
Name : |
Mr. Dieter Wirths |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
Lindensrable 11, Hiddenhausen-32120, Germany |
|
Date of Birth/Age : |
31.08.1952 |
|
Date of Appointment : |
01.06.2012 |
|
DIN No.: |
05254007 |
KEY EXECUTIVES
|
Name : |
Mr. Anil |
|
Designation : |
Logistic Manger |
|
|
|
|
Name : |
Mr. Sujeet Kumar |
|
Designation : |
Secretary |
|
Address: |
C 137, National Apartment, Plot No. 4, Sector – 3, Dwarka, New Delhi
110075, India |
|
Date of Birth/Age : |
22.09.1970 |
|
Date of Appointment : |
10.12.2013 |
|
PAN No.: |
AAJPK0878R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 07.05.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Anton Hettich Austandbeteiligungs Verwaltungs GmbH, |
2900000 |
50.00 |
|
Aventz Investments and Holding Limited, India |
450000 |
7.76 |
|
Saroj Kumar Poddar |
1550000 |
26.72 |
|
Akshay Poddar |
700000 |
12.07 |
|
Adventz Securities Trading Private Limited, India |
200000 |
3.45 |
|
Total |
5800000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 07.05.2014
|
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 |
50.00 |
|
Bodies corporate |
11.21 |
|
Directors or relatives of Directors |
38.79 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and Exporter of Furniture Accessories. |
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|
Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Furniture Accessories |
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Countries : |
Middle East |
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Imports : |
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Products : |
Finished Good |
|
Countries : |
·
Germany ·
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
200 (Approximately) |
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Bankers : |
·
Industrial Development
Bank of India Limited, Andheri (West), Mumbai, Maharashtra, India ·
Punjab National Bank, Large Corporate Branch,
A-9, Rajeev Chowk, Connaught Place, New Delhi, India ·
The Hongkong and Shanghai Banking Corporation
Limited, Plot No-139-140B, Shiv Building Sahar Road Junction, Western Express
Highway, Vile Parle (East), Mumbai-400057, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Heritage, 3rd Floor, Near Gujarat Vidhyapith, Off Ashram
Road, Ahmedabad-380014, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFD7919A |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
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|
Associates: |
·
Adventz Securities Trading Private Limited, India
CIN
No.: U51109WB1994PTC065332 ·
Anton Hettich Austandbeteiligungs Verwaltungs
GmbH, Germany ·
Adventz Investments and Holdings Limited, India
(Formerly known as Poddar Heritage Investments Limited) CIN
No.: L51226WB1985PLC039055 ·
Fullford Vinimay Private Limited |
CAPITAL STRUCTURE
As on 31.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5800000 |
Equity Shares |
Rs.10/- each |
Rs.58.000
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 |
58.000 |
58.000 |
58.000 |
|
(b) Reserves & Surplus |
1595.430 |
1242.246 |
961.135 |
|
(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) |
1653.430 |
1300.246 |
1019.135 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
312.088 |
133.233 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
28.507 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
5.308 |
8.507 |
6.640 |
|
Total
Non-current Liabilities (3) |
345.903 |
141.740 |
6.640 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
65.906 |
13.878 |
2.837 |
|
(b) Trade payables |
641.483 |
595.673 |
417.624 |
|
(c) Other current liabilities |
98.155 |
108.712 |
33.896 |
|
(d) Short-term provisions |
143.776 |
121.856 |
90.324 |
|
Total
Current Liabilities (4) |
949.320 |
840.119 |
544.681 |
|
|
|
|
|
|
TOTAL |
2948.653 |
2282.105 |
1570.456 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
883.067 |
169.417 |
164.031 |
|
(ii) Intangible Assets |
2.608 |
10.077 |
17.654 |
|
(iii) Capital work-in-progress |
4.560 |
270.170 |
51.892 |
|
(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 |
17.633 |
12.372 |
|
(d) Long-term Loan and Advances |
132.891 |
70.795 |
25.458 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1023.126 |
538.092 |
271.407 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
124.554 |
164.844 |
|
(b) Inventories |
1006.411 |
791.384 |
561.215 |
|
(c) Trade receivables |
706.305 |
649.303 |
507.472 |
|
(d) Cash and cash equivalents |
85.701 |
138.879 |
49.184 |
|
(e) Short-term loans and
advances |
127.110 |
39.893 |
16.334 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1925.527 |
1744.013 |
1299.049 |
|
|
|
|
|
|
TOTAL |
2948.653 |
2282.105 |
1570.456 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
SALES |
|
|
|
|
|
Income |
NA |
NA |
2377.178 |
|
|
Other Income |
NA |
NA |
|
|
|
TOTAL
|
NA |
NA |
2377.178 |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
1930.401 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
446.777 |
|
|
|
|
|
|
|
Less |
TAX
( |
NA |
NA |
143.759 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
454.969 |
382.897 |
303.018 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
307.908 |
278.797 |
244.964 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Proposed Final Dividend |
87.000 |
87.000 |
58.000 |
|
|
Tax on Dividend |
14.786 |
14.786 |
9.185 |
|
|
Transfer to General Reserve |
250.000 |
250.000 |
200.000 |
|
|
Transfer to Debtors
Contingency Reserve |
2.000 |
2.000 |
2.000 |
|
|
Balance
Carried to the B/S (J+K+L-M) |
409.091 |
307.908 |
278.797 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Commission |
|
|
|
|
|
Export on F.O.B. Basis |
|
|
7.105 |
|
|
Insurance |
|
|
7.411 |
|
|
TOTAL
EARNINGS |
331.685 |
250.027 |
14.516 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Trading Goods |
NA |
1952.618 |
1363.138 |
|
|
TOTAL
IMPORTS |
NA |
1952.618 |
1363.138 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
78.44 |
66.02 |
52.24 |
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA |
29.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.23 |
0.11 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.03 |
2.08 |
2.38 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
58.000 |
58.000 |
58.000 |
|
Reserves & Surplus |
961.135 |
1242.246 |
1595.430 |
|
Net
worth |
1019.135 |
1300.246 |
1653.430 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
133.233 |
312.088 |
|
Short term borrowings |
2.837 |
13.878 |
65.906 |
|
Total
borrowings |
2.837 |
147.111 |
377.994 |
|
Debt/Equity
ratio |
0.003 |
0.113 |
0.229 |
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
one year |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
OPERATIONS
Year 2013 has not been a good year for the economy in general and was full of violent exchange fluctuations creating huge impact for any importation based company. The company did well. Sales have increased by 26.7%. Also despite exchange loss of 25.800 Millions, Profit before Tax also increase by 19 % to Rs. 674.000 Millions. They also successfully commissioned Baroda plant to produce Wire Baskets. Plant is running as per their expectation and will stabilize well around April 2014
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10371301 |
09/07/2014 * |
711,300,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD. |
PLOT NO. 139-140 B, SHIV BUILDING, WESTERN EXPRESS |
C11189511 |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
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 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.61.92 |
|
|
1 |
Rs.97.12 |
|
Euro |
1 |
Rs.76.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.