MIRA
INFORM REPORT
|
Report No. : |
315767 |
|
Report Date : |
03.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUNCHIRIN AUTOPARTS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.25, New Municipal No.5, KIADB, 3rd |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
22.03.2005 |
|
|
|
|
Com. Reg. No.: |
08-058796 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.122.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300KA2005PTC058796 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS28162B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS8959D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, producing, developing, improving, designing, marketing and selling components for the automobile industry. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
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 : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
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Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having moderate track record. As per registrar of companies the date of balance sheet (i.e.
financial file) is shown as 31.12.2013 but the document related to the
financial for the 2013 are not available from any source. As per previous financial record of 2012, the company has incurred
huge accumulated losses which has eroded networth of the company. Business is active. Payments are reported to be unknown. 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 – 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
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
|
Name : |
Mr. Jayant Thakur |
|
Designation : |
H. R. Executive |
|
Contact No.: |
91-8800378755 |
|
Date : |
02.04.2015 |
LOCATIONS
|
Registered Office / Factory 1 : |
Plot No.25, New Municipal No.5, KIADB, 3rd Main Road, 1st
Phase, Peenya Industrial Area, Bangalore – 560058, Karnataka, India |
|
Tel. No.: |
91-80-41179583 |
|
Mobile No.: |
91-8800378755 (Mr. Jayant Thakur) |
|
Fax No.: |
91-80-41179581 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 2 : |
17, |
DIRECTORS
AS ON 21.06.2014
|
Name : |
Mr. Kau Chia Lim |
|
Designation : |
Director |
|
Address : |
No.12, Jalan Chengal, 3/14, Shah |
|
Date of Birth/Age : |
23.06.1961 |
|
Date of Appointment : |
22.03.2005 |
|
DIN No.: |
00521434 |
|
|
|
|
Name : |
Mr. Hide Kazu Yoshitaka |
|
Designation : |
Managing Director |
|
Address : |
1521-6, Takaoka, Fukusaki-Cho, Kanzaki-Gun, |
|
Date of Birth/Age : |
18.07.1966 |
|
Date of Appointment : |
11.10.2010 |
|
DIN No.: |
01302920 |
|
|
|
|
Name : |
Mr. Mitsuru Ishimoto |
|
Designation : |
Additional Director |
|
Address : |
|
|
Date of Birth/Age : |
08.06.1963 |
|
Date of Appointment : |
11.10.2010 |
|
DIN No.: |
03255592 |
KEY EXECUTIVES
|
Name : |
Mr. Jayant Thakur |
|
Designation : |
H. R. Executive |
MAJOR SHAREHOLDERS
AS ON 21.06.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kau Chia Lim |
|
1 |
|
Sunchirin Corporation SDN BHD, |
|
20359999 |
|
|
|
|
|
Total |
|
20360000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 21.06.2014
|
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] |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, producing, developing, improving, designing, marketing and selling components for the automobile industry. |
|
|
|
|
Products : |
Automobile Components |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
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Exports : |
|
|
Products : |
Air-conditioning Parts |
|
Countries : |
·
USA ·
Europe ·
Gulf Countries ·
Asian Countries ·
Malaysia ·
Japan |
|
|
|
|
Imports : |
|
|
Products : |
Automobile Components |
|
Countries : |
·
Japan ·
China ·
Korea ·
Malaysia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C, Cheque, Credit |
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|
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Purchasing : |
Cash, L/C, Cheque, Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
V.P. Thacker and Company Chartered Accountants |
|
Address : |
1105, Embassy Centre, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
Tel. No.: |
91-22-66311480 |
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Fax No.: |
91-22-66311474 |
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E-Mail : |
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Membership : |
-- |
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|
Ultimate Holding
Company : |
Sunchirin Industries (Malaysia) Berhad |
|
|
|
|
Holding Company : |
Sunchirin Corporation SDN, BHD |
|
|
|
|
Fellow Subsidiary : |
Sunchirin Industries (Thailand) Limited |
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|
|
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Significant
Influence : |
· Nichirin Company Limited · Sunrise Industry Company Limited · Suntrade Inc. · Nichirin Autoparts India Private Limited |
CAPITAL STRUCTURE
AS ON 21.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs.400.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20360000 |
Equity Shares |
Rs.10/- each |
Rs.203.600 Million |
|
|
|
|
|
AS ON 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12250000 |
Equity Shares |
Rs.10/- each |
Rs.122.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
122.500 |
122.500 |
|
(b) Reserves & Surplus |
|
(178.294) |
(114.993) |
|
(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) |
|
(55.794) |
7.507 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
65.351 |
61.325 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
1.920 |
1.197 |
|
Total Non-current Liabilities (3) |
|
67.271 |
62.522 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
14.683 |
7.386 |
|
(b) Trade payables |
|
302.307 |
166.003 |
|
(c) Other current
liabilities |
|
43.341 |
17.731 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities (4) |
|
360.331 |
191.120 |
|
|
|
|
|
|
TOTAL |
|
371.808 |
261.149 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
72.869 |
71.593 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
72.869 |
71.593 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
114.291 |
62.286 |
|
(c) Trade receivables |
|
103.062 |
76.210 |
|
(d) Cash and cash
equivalents |
|
19.375 |
9.910 |
|
(e) Short-term loans and
advances |
|
62.211 |
41.150 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
298.939 |
189.556 |
|
|
|
|
|
|
TOTAL |
|
371.808 |
261.149 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
122.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
122.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
61.325 |
|
|
TOTAL BORROWING |
|
|
61.325 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
183.825 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
71.593 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
62.286 |
|
|
Sundry Debtors |
|
|
76.210 |
|
|
Cash & Bank Balances |
|
|
9.910 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
41.313 |
|
Total
Current Assets |
|
|
189.719 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
191.283 |
|
|
Provisions |
|
|
1.197 |
|
Total
Current Liabilities |
|
|
192.480 |
|
|
Net Current Assets |
|
|
(2.761) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
114.993 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
183.825 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
|
|
|
|
|
|
|
INCOME |
352.165 |
187.699 |
158.057 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(392.023) |
(236.333) |
(158.836) |
|
|
|
|
|
|
|
|
|
|
(INCREASE) /
DECREASE IN INVENTORY |
0.000 |
0.000 |
(0.846) |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
(23.443) |
(9.536) |
(3.872) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
(63.301) |
(58.166) |
(5.496) |
|
|
|
|
|
|
|
|
|
|
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
(63.301) |
(58.166) |
(5.496) |
|
|
|
|
|
|
|
|
|
|
Earnings in Foreign
Currency – Sale of Goods |
26.936 |
26.131 |
-- |
|
|
|
|
|
|
|
|
|
|
Value of imports on
FOB basis |
|
|
|
|
|
|
|
Raw Materials |
281.536 |
146.891 |
95.699 |
|
|
|
Consumables |
0.153 |
3.468 |
0.134 |
|
|
TOTAL IMPORTS |
281.689 |
150.359 |
95.833 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(3.11) |
-- |
-- |
|
|
Particulars |
|
31.12.2014 |
31.12.2013 |
|
Sales Turnover (Approximately) |
|
200.000 |
195.000 |
Expected Sales (2014-2015): Rs.220.000 Million
The above information has been parted by Mr. Jayant Thakur (H. R.
Executive)
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
Net Profit Margin PAT / Sales |
(%) |
(17.97) |
(30.99) |
(3.48) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
(17.03) |
(22.27) |
(2.10) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.13 |
(7.75) |
(0.040 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(1.43) |
9.15 |
0.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83 |
0.99 |
0.99 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
|
31.12.2011 |
31.12.2012 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
|
122.500 |
122.500 |
|
Reserves & Surplus |
|
(114.993) |
(178.294) |
|
Net
worth |
|
7.507 |
(55.794) |
|
|
|
|
|
|
long-term borrowings |
|
61.325 |
65.351 |
|
Short term borrowings |
|
7.386 |
14.683 |
|
Total
borrowings |
|
68.711 |
80.034 |
|
Debt/Equity
ratio |
|
9.153 |
(1.434) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Income |
158.057 |
187.699 |
352.165 |
|
|
|
18.754 |
87.622 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Income |
158.057 |
187.699 |
352.165 |
|
Profit |
(5.496) |
(58.166) |
(63.301) |
|
|
(3.48%) |
(30.99%) |
(17.97%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
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 |
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 |
CORPORATE INFORMATION (AS ON 31.12.2012)
Subject was incorporated on 22.03.2005 to carry on the business of manufacturing, producing, developing, improving, designing, marketing, and selling components for the automobile industry including but not restricted to air-conditioning systems and components for sale to and use by customers in India and outside India and to export such products and designs.
UNSECURED LOANS:
|
Particulars |
31.12.2012 Rs. In Million |
31.12.2011 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Loans and advances from others |
65.351 |
61.325 |
|
|
|
|
|
Total |
65.351 |
61.325 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10494543 |
19/03/2014 |
22,500,000.00 |
Axis Bank Limited |
Corporate
Banking Branch, 'Express Building', II |
C03615580 |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 : |
SNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
|
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.