MIRA
INFORM REPORT
|
Report Date : |
27.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
MOOG CONTROLS ( |
|
|
|
|
Registered
Office : |
Plot No. 1, 2 and 3, |
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|
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
25.01.1989 |
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|
|
|
Com. Reg. No.: |
08-009802 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.205.286
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109KA1989PTC009802 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRM00933C |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCM3226G |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of
Servo Control Mechanism and Precision Components. |
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|
|
|
No. of Employees
: |
300 (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 |
|
Maximum Credit Limit : |
USD 2600000 |
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|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Moong Inc., USA It is an established company having satisfactory track record. There seems some dip in the profit of the company during 2013 however,
net worth of the company is good. General financial position of the company
is sound. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct. 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.
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
|
Name : |
Mr. Parmeshwar Aiya |
|
Designation : |
Assistant Account Manager |
|
Contact No.: |
91-80-33726315 |
|
Date : |
26.09.2014 |
LOCATIONS
|
Registered
Office / Factory: |
Plot
No. 1, 2 and 3, |
|
Tel. No.: |
91-80-28520585
/ 936 – 38 / 28520535 / 28527344 / 28527370 |
|
Fax No.: |
91-80-28520586 |
|
E-Mail : |
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|
Website : |
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|
Area : |
25,000 sq. fts. |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr.
Subramanian Suryanarayan |
|
Designation : |
Director
|
|
Address : |
|
|
Date of
Birth/Age : |
23.09.1961 |
|
Date of
Appointment : |
09.10.2009 |
|
DIN No.: |
02836682 |
|
|
|
|
Name : |
Mr.
Anurag Kashyap |
|
Designation : |
Additional
Director |
|
Address : |
139,
Rainbow Residency, |
|
Date of
Birth/Age : |
29.06.1972 |
|
Date of
Appointment : |
01.12.2010 |
|
DIN No.: |
01000668 |
|
|
|
|
Name : |
Mr.
Simha Raghavendra Rao Sameera |
|
Designation : |
Additional
Director |
|
Address : |
No.
915, 6th D Cross, 1st Main, |
|
Date of
Birth/Age : |
10.07.1972 |
|
Date of
Appointment : |
01.12.2010 |
|
DIN No.: |
03374529 |
|
|
|
|
Name : |
Mr.
Ramamurthy Venkatesh |
|
Designation : |
Additional
Director |
|
Address : |
No.669,
17th, |
|
Date of
Birth/Age : |
15.05.1974 |
|
Date of
Appointment : |
01.12.2010 |
|
DIN No.: |
03375089 |
KEY EXECUTIVES
|
Name : |
Mr. Parmeshwar Aiya |
|
Designation : |
Assistant Account Manager |
|
|
|
|
Name : |
Mr. Pallavi Bhimeshen Kaveri |
|
Designation : |
Secretary |
|
Address : |
Flat No. 402, Ascenta Indira, Chola Nagar, RT Nagar Post, Bangalore –
560 032, Karnataka, India |
|
Date of
Birth/Age : |
236.04.1987 |
|
Date of
Appointment : |
10.05.2012 |
|
PAN No.: |
CAKPK0429H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Moog Controls Limited, |
|
2 |
|
Moog Inc., |
|
11427248 |
|
Moog |
|
9101389 |
|
Total |
|
20528639 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
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 |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20287625%2027-Sep-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of
Servo Control Mechanism and Precision Components. |
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Products : |
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Exports : |
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Products : |
Servo Control Mechanism and
Precision Components |
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Countries : |
· Germany · USA |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Germany ·
USA |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Suppliers : |
CKG – Germany |
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No. of Employees : |
300 (Approximately) |
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|
|
Bankers : |
· HSBC Bank, MG Road Branch ·
Bank of Nova Scotia, 25/2, M. G. Road,
Bangalore – 560 001, Karnataka, India |
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Banking
Relations : |
--- |
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Auditors 1 : |
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|
Name : |
Varma and Varma Chartered Accountant |
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|
|
|
Auditors 2 : |
|
|
Name : |
Walker Chandiok and Company Chartered Accountants |
|
Address : |
Grant Thornton House, 3274/A, 11th Main, HAL,
11 Stage, Indiranagar, |
|
Tel. No.: |
91-80-41471222-26 |
|
Fax No.: |
91-80-41261228 |
|
PAN No.: |
AAAFW4298E |
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|
|
|
Fellow Subsidiary : |
· Moog India Technology Center Private Limited · Moog Motion Controls Private Limited · Moog Ireland International Financial Services Centre Limited, Ireland · Moog Singapore Pte Limited, Singapore · Moog Unna Gmbh, Germany · Moog Luxembourg Sarl, Luxembourg ·
Moog Industrial Controls (Shanghai) Company
Limited |
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|
|
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Holding Company : |
Moog Inc., United States of America |
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Fellow Subsidiary
Company : |
· Moog GmbH, Germany · Moog Italiana S.r.l, Italy · Moog Japan Limited, Japan · Moog Controls Corporation, Phillines · Moog Controls Limited, United Kingdom · Moog Control Systems (Shanghai) Company Limited., People's republic of China · Moog Holland Aircraft Services B.V. , The Netherlands · Moog do Brasil controls Limited, Brazil · Procontrol AG, Switzerland · Moog Ireland Limited, Ireland · Moog Korea Limited, South Korea · Moog Controls Hong Kong Limited, Hong Kong ·
Moog B.V. The Netherlands |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,528,639 |
Equity Shares |
Rs.10/- each |
Rs.205.286 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,528,639 |
Equity Shares |
Rs.10/- each |
Rs.205.286 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
205.286 |
205.286 |
205.286 |
|
(b) Reserves & Surplus |
461.613 |
404.287 |
324.646 |
|
(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) |
666.899 |
609.573 |
529.932 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
32.324 |
|
(b) Deferred tax liabilities (Net) |
15.900 |
21.000 |
22.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
14.534 |
12.951 |
11.152 |
|
Total Non-current Liabilities (3) |
30.434 |
33.951 |
65.476 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
30.736 |
12.613 |
91.425 |
|
(c) Other current
liabilities |
24.706 |
59.177 |
49.561 |
|
(d) Short-term provisions |
18.171 |
10.604 |
0.000 |
|
Total Current Liabilities (4) |
73.613 |
82.394 |
140.986 |
|
|
|
|
|
|
TOTAL |
770.946 |
725.918 |
736.394 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
277.692 |
307.124 |
311.842 |
|
(ii) Intangible Assets |
2.037 |
4.248 |
5.472 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
5.227 |
|
(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 |
0.000 |
|
(d) Long-term Loan and Advances |
7.595 |
6.551 |
8.542 |
|
(e) Other Non-current assets |
6.000 |
6.000 |
10.433 |
|
Total Non-Current Assets |
293.324 |
323.923 |
341.516 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
153.102 |
165.173 |
173.357 |
|
(c) Trade receivables |
78.920 |
97.037 |
79.330 |
|
(d) Cash and cash
equivalents |
205.503 |
31.367 |
19.309 |
|
(e) Short-term loans and
advances |
39.591 |
106.417 |
122.882 |
|
(f) Other current assets |
0.506 |
2.001 |
0.000 |
|
Total Current Assets |
477.622 |
401.995 |
394.878 |
|
|
|
|
|
|
TOTAL |
770.946 |
725.918 |
736.394 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
875.990 |
837.747 |
703.185 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
791.852 |
722.296 |
646.183 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
84.138 |
115.451 |
57.002 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
57.326 |
79.641 |
46.220 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
26.812 |
35.810 |
10.782 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.79 |
3.38 |
2.25 |
|
%20PRIVATE%20LIMITED%20-%20287625%2027-Sep-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20287625%2027-Sep-2014_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20287625%2027-Sep-2014_files/image005.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20287625%2027-Sep-2014_files/image006.gif){kind=small}
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
990.000 |
|
|
|
|
|
The above information has been parted by Mr. Parmeshwar Aiya
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.06 |
4.27 |
1.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.91 |
15.90 |
7.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.19 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.49 |
4.88 |
2.80 |
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 |
205.286 |
205.286 |
205.286 |
|
Reserves & Surplus |
324.646 |
404.287 |
461.613 |
|
Net worth |
529.932 |
609.573 |
666.899 |
|
|
|
|
|
|
long-term borrowings |
32.324 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
32.324 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.061 |
0.000 |
0.000 |
%20PRIVATE%20LIMITED%20-%20287625%2027-Sep-2014_files/image008.gif)
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) |
|
Sales |
703.185 |
837.747 |
875.990 |
|
|
|
19.136 |
4.565 |
%20PRIVATE%20LIMITED%20-%20287625%2027-Sep-2014_files/image010.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
703.185 |
837.747 |
875.990 |
|
Profit |
10.782 |
35.810 |
26.812 |
|
|
1.53% |
4.27% |
3.06% |
%20PRIVATE%20LIMITED%20-%20287625%2027-Sep-2014_files/image012.gif)
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 |
Yes |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
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 |
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 |
Background
Subject a 100% export oriented unit and a subsidiary of Moog Inc, United States of America is engaged in manufacture and sale of servo control mechanisms and components to companies within the Moog Group. The Company also renders engineering services to Moog Group companies worldwide.
FUTURE PROSPECTS
The Company has a comprehensive systems capability and proven reputation for designing, qualifying and delivering high-performance motion solutions for some of the world's most demanding applications. The outlook for the Company’s growth continues to be robust for the financial year 2013-2014. The Directors are confident of further improving the performance of the Company by implementation of conservative operating plans for the year ahead with continued focus on cost management to meet the challenges posed by the competitive business environment.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer
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.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
HEN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
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.