MIRA INFORM REPORT
|
Report No. : |
319866 |
|
Report Date : |
27.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
GALA PRECISION TECHNOLOGY PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
GALA PRECISION TECHNOLOGY LIMITED (w.e.f. 10.11.2004) GALA EQUIPMENT LIMITED |
|
|
|
|
Registered
Office : |
102-A, Orion Business Park, Near Cine Wonder, Ghodbandar Road,
Majiwada, Thane (West) – 400607, Maharashtra |
|
Tel. No.: |
91-22-25894566/ 25821232 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
09.06.1989 |
|
|
|
|
Com. Reg. No.: |
11-052116 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 28.771 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1989PTC052116 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG08261B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG1777F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the manufacturing of Reed, Valve Plate, Valve Assembly and Parts of compressors which constitute one business segment. |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating reflects company sound financial risk profile marked by
healthy net worth position and decent profitability of the company. 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.
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
|
Name : |
Mr. Sanjay Kulkarni |
|
Designation : |
Director |
|
Contact No.: |
91-8660622353 |
|
Date : |
25.04.2015 |
LOCATIONS
|
Registered Office : |
102-A, Orion Business Park, Near Cine Wonder, Ghodbandar Road,
Majiwada, Thane (West) – 400607, Maharashtra, India |
|
Tel. No.: |
91-22-25894566/ 25821232 |
|
Mobile No.: |
91-8660622353 (Mr. Sanjay Kulkarni) |
|
Fax No.: |
91-22-25894566 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Wada Plant Plot No. 295, Village Vadavali at Post Met, Masurne Road, Bhiwandi –
Wada Highway, Taluka Wada, Thane – 421312, Maharashtra, India |
|
Tel. No.: |
91-2526-220154 / 220155 |
|
Fax No.: |
91-2526-220577 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Export Oriented
Unit Plot No. 302/1, Village Musarne, Bhiwandi-Wada Highway, At Post Met,
Taluka Wada, District Thane - 421312, Maharashtra, India |
|
E-Mail : |
|
|
Fax No.: |
91-08860622353 |
DIRECTORS
As on: 30.06.2014
|
Name : |
Mr. Sanjai Prabhakar Kulkarni |
|
Designation : |
Managing Director |
|
Address : |
E-702 Riturang Society, Aranyeshwar Road Parvati, Pune - 411009, Maharashtra, India |
|
Date of Birth/Age : |
27.03.1958 |
|
Date of Appointment : |
01.06.2009 |
|
DIN No.: |
00008134 |
|
|
|
|
Name : |
Mr. Johannes Hunschofsky |
|
Designation : |
Director |
|
Address : |
9976 Nw 64 Ct, Parkland, Fl, Florida, 330762318, , United States Of America |
|
Date of Birth/Age : |
15.05.1951 |
|
Date of Appointment : |
22.03.2012 |
|
DIN No.: |
05234474 |
|
|
|
|
Name : |
Mr. Oliver Gratzel |
|
Designation : |
Director |
|
Address : |
Gotenstrasse 1, Landsberg Am Lech, 86899, , Germany |
|
Date of Birth/Age : |
11.06.1971 |
|
Date of Appointment : |
29.01.2014 |
|
DIN No.: |
06798105 |
KEY EXECUTIVES
|
Name : |
MRM Associates |
|
Designation : |
Company Secretaries |
|
Address : |
First Floor, Dnyan Sudha Apartment, 77, Vijaynagar Colony, 2147, Sadashiv
Peh, Pune – 411030, Maharashtra, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.06.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
National Securities Depository Limited, India |
2876612 |
99.98 |
|
Hoerbiger Kompressortechnik GHBM, Germany |
500 |
0.02 |
|
Total |
2877112
|
100.00
|
Equity Share Break up (Percentage of Total Equity)
As on: 30.06.2014
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing of Reed, Valve Plate, Valve Assembly and Parts of compressors which constitute one business segment. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/60/90 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/60/90 Days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End users OEMs
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
350 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
706, ‘B’ Wing, 7th Floor, |
|
Tel. No.: |
91-20-66244600 |
|
Fax No.: |
91-20-66244605 |
|
PAN No.: |
AADFD7917A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate Holding Company : |
Hoerbiger Holding AG |
|
|
|
|
Holding Company: |
Hoerbiger Deutschland Holding GmbH |
CAPITAL STRUCTURE
As on 30.06.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,877,112 |
Equity Shares |
Rs.10/- each |
Rs. 28.771 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
28.771 |
28.771 |
28.771 |
|
(b) Reserves & Surplus |
364.195 |
310.183 |
281.625 |
|
(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) |
392.966 |
338.954 |
310.396 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
26.674 |
31.946 |
35.103 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.426 |
5.100 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
5.868 |
9.626 |
5.992 |
|
Total Non-current
Liabilities (3) |
32.542 |
41.998 |
46.195 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.006 |
2.272 |
2.544 |
|
(b) Trade
payables |
84.222 |
78.775 |
81.731 |
|
(c) Other
current liabilities |
8.902 |
8.499 |
6.541 |
|
(d) Short-term
provisions |
20.356 |
11.705 |
12.605 |
|
Total Current
Liabilities (4) |
113.486 |
101.251 |
103.421 |
|
|
|
|
|
|
TOTAL |
538.994 |
482.203 |
460.012 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
115.622 |
126.916 |
133.160 |
|
(ii)
Intangible Assets |
3.573 |
7.462 |
12.881 |
|
(iii)
Capital work-in-progress |
8.780 |
1.715 |
0.669 |
|
(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) |
4.671 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.944 |
12.385 |
9.315 |
|
(e) Other
Non-current assets |
0.764 |
0.764 |
1.125 |
|
Total Non-Current
Assets |
143.354 |
149.242 |
157.150 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
136.928 |
117.701 |
131.824 |
|
(c) Trade
receivables |
144.937 |
151.032 |
132.469 |
|
(d) Cash
and cash equivalents |
5.794 |
16.816 |
10.265 |
|
(e) Short-term
loans and advances |
91.179 |
45.154 |
27.026 |
|
(f) Other
current assets |
16.802 |
2.258 |
1.278 |
|
Total
Current Assets |
395.640 |
332.961 |
302.862 |
|
|
|
|
|
|
TOTAL |
538.994 |
482.203 |
460.012 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
728.813 |
670.085 |
635.147 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
609.942 |
588.544 |
547.413 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
609.942 |
588.544 |
547.413 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
118.871 |
81.541 |
87.734 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.493 |
0.009 |
0.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
118.378 |
81.532 |
87.730 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
38.006 |
39.485 |
40.383 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
80.372 |
42.047 |
47.347 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
26.360 |
13.489 |
11.290 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
54.012 |
28.558 |
36.057 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
56.597 |
28.039 |
(8.018) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
110.609 |
56.597 |
28.039 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
376.887 |
346.354 |
358.547 |
|
|
TOTAL EARNINGS |
376.887 |
346.354 |
358.547 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
179.738 |
162.258 |
219.911 |
|
|
|
Components & Spares Parts |
1.503 |
0.478 |
0.642 |
|
|
|
Capital Goods |
12.711 |
4.012 |
7.139 |
|
|
TOTAL IMPORTS |
193.952 |
166.748 |
227.692 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
18.77 |
9.93 |
12.53 |
|
|
Particulars |
|
|
31.12.2014 |
|
Sales Turnover (Approximately) |
|
|
800.000 |
|
|
|
|
|
The above information has been parted by Mr. Sanjay Kulkarni (Director)
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.29 |
8.75 |
10.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.12 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07 |
0.10 |
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.49 |
3.29 |
2.93 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
28.771 |
28.771 |
28.771 |
|
Reserves & Surplus |
281.625 |
310.183 |
364.195 |
|
Net worth |
310.396 |
338.954 |
392.966 |
|
|
|
|
|
|
long-term borrowings |
35.103 |
31.946 |
26.674 |
|
Short term borrowings |
2.544 |
2.272 |
0.006 |
|
Total borrowings |
37.647 |
34.218 |
26.680 |
|
Debt/Equity ratio |
0.121 |
0.101 |
0.068 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
635.147 |
670.085 |
728.813 |
|
|
|
5.501 |
8.764 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
635.147 |
670.085 |
728.813 |
|
Profit |
36.057 |
28.558 |
54.012 |
|
|
5.68% |
4.26% |
7.41% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term debt |
4.220 |
3.156 |
2.750
|
|
|
|
|
|
|
Total |
4.220 |
3.156 |
2.750
|
|
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 |
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 |
Note:
The Registered Office of the company has been shifted from 116, Narayan Dhuru
Street, Ground Floor, Mumbai – 400003, Maharashtra, India to the present
address w.e.f. 01.07.2012
OPERATIONS AND
FUTURE PROSPECTS:
The company has achieved a turnover of Rs. 728.800 million from its operations as compared to Rs. 670.000 in the last year and has earned net profit after tax of R. 54.000 Million as compared to Rs. 28.600 million in the last year.
UNSECURED LOAN
|
Unsecured Loan |
31.12.2013 (Rs.
in Million) |
31.12.2012 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Deferred sales Tax Liability (From other than Banks) |
26.674 |
31.946 |
|
Short-term
borrowings |
|
|
|
Loan repayable On demand from banks book overdraft |
0.006 |
2.272 |
|
Total |
26.680 |
34.218 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90146699 |
10/08/2004 |
10,000,000.00 |
CITI BANK |
BANDRA KURLA COMPLEX, G-BLOCK BANDRA, MUMBAI - 400051, MAHARASHTRA, INDIA |
- |
|
2 |
90146599 |
28/02/2004 |
3,000,000.00 |
CITI BANK |
BANDRA KURLA COMPLEX, G-BLOCK BANDRA, MUMBAI - 400051, MAHARASHTRA, INDIA |
- |
|
3 |
90146563 |
23/08/2004 * |
16,000,000.00 |
CITI BANK |
BANDRA KURLA COMPLEX, G-BLOCK BANDRA, MUMBAI - 400051, MAHARASHTRA, INDIA |
- |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.12.2013 |
|
Income Tax matters (excluding interest and penalty) |
2.103 |
|
Total |
2.103 |
FIXED ASSETS:
- Improvement to leasehold Premise
- Plant and equipment
- Office Equipment
- Furniture and Fixture
- Vehicles
- 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 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.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
46 |
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.