MIRA
INFORM REPORT
|
Report No. : |
315100 |
|
Report Date : |
03.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
CONTINENTAL AUTOMOTIVE BRAKE SYSTEMS (INDIA) PRIVATE LIMITED
(w.e.f.04.05.2012) |
|
|
|
|
Formerly Known
As : |
CONTINENTAL
RICO HYDRAULIC BRAKES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No 179-180, Sector-5, IMT Manesar, Gurgaon - 122001, Haryana |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of Incorporation
: |
03.01.2008 |
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Com. Reg. No.: |
05-037519 |
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Capital
Investment / Paid-up Capital : |
Rs. 1445.080 Million |
|
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|
|
CIN No.: [Company Identification
No.] |
U74900HR2008PTC037519 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
RTKC02399F |
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|
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PAN No.: [Permanent Account No.] |
AADCC2635B |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is primarily engaged in the business of manufacturing, selling and distributing
hydraulic brake systems. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1400000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file its financial for the
year 2014 with the government department. As per available financial of 2013, the company has incurred a loss
from its operations. However, Trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealing with some cautions.
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 DECLINED
MANAGEMENT NON – CO-OPERATIVE (91-124-3833742).
LOCATIONS
|
Registered Office : |
Plot No 179-180, Sector-5, IMT Manesar, Gurgaon - 122001, Haryana,
India |
|
Tel. No.: |
91-124-3833742 |
|
Fax No.: |
91-124-3833777 |
|
E-Mail : |
Vipul.parakh@continental-corporation.com
|
DIRECTORS
As on 25.09.2014
|
Name : |
Mr. Claude Alex D'gama Rose |
|
Designation : |
Alternate director |
|
Address : |
Flat No. 111, The Embassy, No. 15, Ali Askar Road,
Bangalore, 560052, Karnataka, India |
|
Date of Birth/Age : |
29.10.1956 |
|
Date of Appointment : |
25.11.2011 |
|
DIN No.: |
01494440 |
|
|
|
|
Name : |
Mr. Matthias Ivo Matic |
|
Designation : |
Director |
|
Address : |
Auf Der Waldhohl 24, Frankfurt Am Main, 4009933046,
Germany |
|
Date of Birth/Age : |
27.06.1967 |
|
Date of Appointment : |
25.06.2014 |
|
DIN No.: |
01730010 |
|
|
|
|
Name : |
Mr. Paramjit Singh Chadha |
|
Designation : |
Director |
|
Address : |
H No 3/35-M, Dlf Phase 2 ,Block M,, Gurgaon, 122002,
Haryana, India |
|
Date of Birth/Age : |
28.07.1962 |
|
Date of Appointment : |
16.09.2014 |
|
DIN No.: |
06972549 |
|
|
|
|
Name : |
Mr. Thomas Greth |
|
Designation : |
Nominee director |
|
Address : |
Continental Teves Ag And Co. Ohg, Guerickestrabe 7, 60488
Frankfurt Main, Frankfurt Main, 60488, , Germany |
|
Date of Birth/Age : |
12.11.1963 |
|
Date of Appointment : |
23.02.2010 |
|
DIN No.: |
02915449 |
KEY EXECUTIVES
|
Name : |
Mr. Vipul Parakh |
|
Designation : |
Secretary |
|
Address : |
81, Arvind Nagar Near Agar Road, Ujjain – 456001, Madhya Pradesh,
India |
|
Date of Birth/Age : |
16.12.1972 |
|
Date of Appointment : |
04.04.2011 |
|
PAN No.: |
AHQPP5861K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Continental Aktiengesellschaft |
|
1 |
|
Continental Automotive Holding Netherland B.V. |
|
209901999 |
|
Total |
|
209902000 |
As on 19.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Continental Automotive Holding Netherland B.V. |
|
36286770 |
|
Total |
|
36286770 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2014
|
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 |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20315100%2003-Apr-2015_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the business of manufacturing, selling and distributing
hydraulic brake systems. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
N. Kumar Jain and Associate Chartered Accountants |
|
Address : |
B-314-315, 3rd Floor, Nehru Groundn. I.T. Faridabad, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AHHPJ6420D |
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Memberships : |
-- |
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Collaborators : |
-- |
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Ultimate holding
company: |
· Continental AG, Germany |
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|
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Holding company: |
· Continental Automotive Holding Netherland B.V. |
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·
|
|
Parties under common
control with whom transactions have taken place during the Year: |
· Continental Aftermarket GmbH · Continental Automotive GMBH · Automotive Czech Republic s.r.o. · Continental Automotive Do Brasil Ltda · Continental Automotive Holding Netherlands B.V · Continental Automotive Components India Private Limited · Continental Brakes ITALY S.p.A. · Contitech Schlauch GmbH · ContiTech Vibration Control GmbH · Contitech Vibration Control Slovakia S.R.O · Continental Automotive Systems Slovakia S.R.O · Continental Automotive Systems Changsu Company Limited · Continental Teves AG and Company oHg · ContiTech Mexicana SA de CV · Continental Brake Systems (Shanghai) C Company Limited · Continental Automotive Systems Inc, USA · Continental Teves U.K. Limited · Continental Teves Portugal · ContiTech Vibration Control SAS |
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|
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Entity where
control exists - |
· Continental Brakes Italy S.P.A. · Continental Automotive Czech Republic s.r.o. · Continental Aftermarket GMBH · Continental Teves Ag and Comapyn · Contitech Schlauch GMBH · Contitech Vibration Control GMBH · Contitech Vibration Control Slovakia S.R.O · Continental Automotive System Slovakia · Continental Automotive Do Brasil Ltda · Continental Automotive GMBH · Continental Automotive Systems Changsu Company Limited · Continental Teves Portugal · Continental Teves U.K. Limited · ContiTech Mexicana SA de CV · ContiTech Vibration Control SAS |
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|
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Reimbursement of
expenses including salary: |
· Continental Automotive India Private Limited, Banglore [U34200HR2007FTC037177] · Continental Teves AG and Company(USA) · Continental Automotive GMBH · Continental Automotive System Slovakia · Continental Teves Ag and Company · Continental Automotive Czech Republic s.r.o. · Continental Automotive Systems Changsu Company Limited · Continental Brake Systems (Shanghai) Company Limited · Contitech Vibration Control GMBH · Sales of goods · Continental Teves Czech Republic S.R.O. (Sale) · Continental Teves Ag and Company · Purchase of Fixed Assets · Continental Automotive System Slovakia · RandD Expenses · Continental Teves Ag and Company · Continental Brakes Italy S.P.A. · Continental Automotive GMBH |
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Trade Receivables -
entity where control exists: |
· Continental Teves AGand CO. ohG · Continental Automotive Czech Republ · Continental Automotive Systems (India) Private Limited |
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Trade payables -
entity where control exists: |
· Continental Aftermarket GMBH · Continental Automotive GMBH · Continental Automotive components India Private Limited Banglore · Continental Automotive System Changshu Company Limited Continental Automotive System Slovakia · Continental Brakes Italy SPA. · Continental Teves Ag and Company · Continental Teves Ag and Company. (USA) · Continental Teves Czech Republic S.R.O. · Continental Teves UK Limited · Contitech Schlauch GMBH · Contitech Vibration Control GMBH · Contitech Vibration Control GMBH Slovakia · Continental Automotive Do Brasil Ltda · Continental Teves Portugal · ContiTech Mexicana SA de CV |
CAPITAL STRUCTURE
AFTER 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000000 |
Equity Shares |
Rs.10/- each |
Rs. 2500.000 Million |
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
246188770 |
Equity Shares |
Rs.10/- each |
Rs. 2461.888 Million |
|
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As on 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
210000000 |
Equity Shares |
Rs.10/- each |
Rs. 2100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20902000 |
Equity Shares |
Rs.10/- each |
Rs. 2099.020 Million |
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As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
Rs.10/- each |
Rs. 1500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
144508000 |
Equity Shares |
Rs.10/- each |
Rs. 1445.080 Million |
|
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|
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|
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 |
1445.080 |
1100.000 |
1013.000 |
|
(b) Reserves & Surplus |
(950.067) |
(747.549) |
(518.878) |
|
(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) |
495.013 |
352.451 |
494.122 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
8.691 |
5.051 |
2.236 |
|
Total
Non-current Liabilities (3) |
8.691 |
5.051 |
2.236 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
192.720 |
133.292 |
0.000 |
|
(b) Trade payables |
330.905 |
281.069 |
87.244 |
|
(c) Other current liabilities |
53.834 |
37.038 |
8.218 |
|
(d) Short-term provisions |
2.711 |
1.560 |
0.070 |
|
Total
Current Liabilities (4) |
580.170 |
452.959 |
95.532 |
|
|
|
|
|
|
TOTAL |
1083.874 |
810.461 |
591.890 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
397.474 |
407.109 |
381.201 |
|
(ii) Intangible Assets |
10.701 |
6.044 |
7.982 |
|
(iii) Capital work-in-progress |
86.308 |
48.538 |
20.289 |
|
(iv) Intangible assets under
development |
0.000 |
19.092 |
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 |
49.842 |
12.165 |
5.275 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
544.325 |
492.948 |
414.747 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
116.404 |
73.939 |
28.146 |
|
(c) Trade receivables |
193.482 |
93.094 |
18.534 |
|
(d) Cash and cash equivalents |
88.878 |
31.088 |
33.771 |
|
(e) Short-term loans and
advances |
8.753 |
11.168 |
6.244 |
|
(f) Other current assets |
132.032 |
108.224 |
90.448 |
|
Total
Current Assets |
539.549 |
317.513 |
177.143 |
|
|
|
|
|
|
TOTAL |
1083.874 |
810.461 |
591.890 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
764.780 |
358.439 |
109.180 |
|
|
Other Income |
10.804 |
14.463 |
|
|
|
TOTAL
|
775.584 |
372.902 |
109.180 |
|
|
|
|
|
|
|
Less |
EXPENSES |
978.101 |
601.573 |
275.390 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(202.517) |
(228.671) |
(166.210) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(202.517) |
(228.671) |
(166.210) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(747.549) |
(518.878) |
(352.668) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(950.066) |
(747.549) |
(518.878) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(1.53) |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(26.48) |
(63.80) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(20.30) |
(30.78) |
(29.08) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.41) |
(0.65) |
(0.34) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.39 |
0.38 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.93 |
0.70 |
1.85 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
1013.000 |
1100.000 |
1445.080 |
|
Reserves & Surplus |
-518.878 |
-747.549 |
-950.067 |
|
Net
worth |
494.122 |
352.451 |
495.013 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
133.292 |
192.720 |
|
Total
borrowings |
0.000 |
133.292 |
192.720 |
|
Debt/Equity
ratio |
0.000 |
0.378 |
0.389 |
%20PRIVATE%20LIMITED%20-%20315100%2003-Apr-2015_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
109.180 |
372.902 |
775.584 |
|
|
|
241.548 |
107.986 |
%20PRIVATE%20LIMITED%20-%20315100%2003-Apr-2015_files/image006.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
109.180 |
372.902 |
775.584 |
|
Profit |
(166.210) |
(228.671) |
(202.517) |
|
|
(152.23%) |
(61.32%) |
(26.11%) |
%20PRIVATE%20LIMITED%20-%20315100%2003-Apr-2015_files/image008.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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
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 |
No |
|
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 is a private company
incorporated on 3 January 2008 in India and is primarily engaged in the
business of manufacturing, selling and distributing hydraulic brake systems in
India and overseas market. The Company was joint venture between Continental
AG, Germany and Rico Auto Industries Limited, India. On 9th March 2012,
Continental Automotive Holding Netherland B.V. has purchased whole stake of
shares held by Rico industries Limited , As on 31st March 2012, it is 100%
Subsidiary of ultimate Holding company Continental AG Germany through shares
held by Continental Automotive Holding Netherland B.V.
FIXED ASSETS
Tangible assets
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Leasehold improvements
· Other equipments
Intangible assets
· Computer software
· Copyrights
· Know-how
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.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.