MIRA INFORM REPORT
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Report No. : |
319230 |
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Report Date : |
27.04.2015 |
IDENTIFICATION DETAILS
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Name : |
T K PRECISION PRIVATE LIMITED |
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Registered
Office : |
139-A, Sector-7, Phase-II, IMT, Manesar – 122050, Haryana |
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Tel. No.: |
91-124-4368851 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
10.01.2007 |
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Com. Reg. No.: |
05-036531 |
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Capital
Investment / Paid-up Capital : |
Rs. 31.000 Million |
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CIN No.: [Company Identification
No.] |
U29248HR2007PTC036531 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Seller of Springs for Two Wheelers. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 260000 |
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Status : |
Satisfactory |
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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 satisfactory track record. The rating takes into account fair profitability marked by improving revenue
and operating margin of the company during FY 2014. However, it also takes
note of company’s small scale of operations in the fragmented and intensely
competitive industry. Further, the company also has huge receivables and
payables which may act as a threat to its liquidity in the future. Trade relations reported to be fair. Business is active. Payments are
reported to be slow but correct. The company can be considered 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long term rating: “BB” |
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Rating Explanation |
Inadequate credit quality and high credit
risk. |
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Date |
04.12.2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Short term rating: “A4” |
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Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
04.12.2014 |
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.
LOCATIONS
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Registered Office : |
139-A, Sector-7, Phase-II, IMT, Manesar – 122050, Haryana, India |
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Tel. No. : |
91-124-4368851/ 2/ 3/ 4801000 |
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Fax No. : |
91-124-4801000/ 4368850 |
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E-Mail : |
DIRECTORS
As on 30.09.2014
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Name : |
Mr. Amarnath Lulla |
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Designation : |
Director |
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Address : |
Flat 3, Gurukrupa Flats, No. 7, Vellaiyan Road, Kotturpuram, Chennai -
600085, Tamilnadu, India |
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Date of Birth/Age : |
28.11.1937 |
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Date of Appointment : |
10.01.2007 |
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DIN No. : |
00007490 |
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Other
Directorship :
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Name : |
Mr. Ashok Kumar Taneja |
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Designation : |
Director |
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Address : |
C - 6 / 9, Safdarjung Developement Area, New Delhi - 110016, India |
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Date of Birth/Age : |
18.08.1951 |
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Date of Appointment : |
30.09.2008 |
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DIN No. : |
00124814 |
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Other
Directorship :
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Name : |
Nyla Kapur |
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Designation : |
Director |
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Address : |
181-C, Sainik Farm, Western Avenue, New Delhi - 110062, India |
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Date of Birth/Age : |
01.09.1980 |
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Date of Appointment : |
30.06.2009 |
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DIN No. : |
00327722 |
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Other
Directorship :
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Name : |
Mr. Aashish Taneja |
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Designation : |
Director |
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Address : |
C-6/9, Safdarjung Development Area,, New Delhi - 110016, India |
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Date of Birth/Age : |
17.06.1978 |
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Date of Appointment : |
10.01.2007 |
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DIN No. : |
01123068 |
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Name : |
Sheila Lulla |
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Designation : |
Director |
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Address : |
No.7, Flat No.3, Vellian Road, Gurukripa Flats, Kotturpuram, Chennai -
600085, Tamilnadu, India |
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Date of Birth/Age : |
20.05.1940 |
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Date of Appointment : |
17.11.2007 |
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DIN No. : |
01781926 |
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Other
Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Aashish Taneja |
50000 |
1.61 |
|
Upasana Kapur |
50000 |
1.61 |
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Nyla Kapur |
500000 |
16.13 |
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Shalini Kapur |
500000 |
16.13 |
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Ashok Taneja |
1500000 |
48.39 |
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Shikha Kapur |
500000 |
16.13 |
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Total |
3100000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Seller of Springs for Two Wheelers. |
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Products : |
Springs |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· Indian Bank, Ga- 4,5,7,8 Ground Floor, Raheja Square, IMT Manesar, Gurgaon - 122050, Haryana, India ·
Kotak Mahindra Bank Limited, 7th
Floor, Ambadeep Building, 14, K. G. Marg, Connaught Place, New Delhi -
110001, India · HDFC Bank Limited · Axis Bank Limited |
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Facilities : |
NOTE: LONG TERM
BORROWINGS · Term loan from Indian bank is secured Against Stock and book debt and collaterally secured by mortgage by the way of deposit of title deeds in respect of the Company's immovable properties at Chennai and Manesar, and by way of hypothecation of Plant and Machinery. The loan carries 15.25% ROI and repayable in 60 installments. · Car Loan From HDFC bank secured against hypothecation of particular vehicle financed carries interest @ 12.75 %p.a. The loan repayable in 60 monthly installments starting from Sep '2011 · Car Loan From Axis bank secured against hypothecation of particular vehicle financed carries interest @ 10.23 % p.a. The loan repayable in 60 monthly installments , starting from Dec 2012 · Loans From Hero Fincorp Limited is secured against hypothecation of particular Machines Financed. It is carries interest @ 14.75 % p. a, repayable in 60 monthly installments. SHORT TERM
BORROWINGS · Overdraft limit from Indian bank Secured Against hypothecation of stock & Book debts and collaterally mortgage by the way of deposit of title deeds in respect of the Company's immovable properties at Chennai and Manesar. It carried rate of interest between 13.75% to 15% p.a. during the year. · Bill Discounting availed from Hero Fincorp Limited, carries Interest at the rate of 14.50 % p.a. and is repayable on demand ·
Loans from related parties is Carries Interest
at the rate of 12% p.a. and is repayable on demand |
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Banking
Relations : |
-- |
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Financial Institution : |
Hero Fincorp Limited, 34, Community Centre, Basant Lok, Vasant Vihar, New Delhi - 110057, India |
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Auditors : |
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Name : |
Budhraja Adlakha and Company Chartered Accountants |
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Address : |
5/31, W.E.A, Karol Bagh, New Delhi – 110005, India |
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Tel. No. : |
91-11-25767970/ 25767960 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFB5210B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
3,100,000 |
Equity Shares |
Rs.10/- each |
Rs. 31.000 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
31.000 |
31.000 |
31.000 |
|
(b) Reserves & Surplus |
60.004 |
51.983 |
45.451 |
|
(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) |
91.004 |
82.983 |
76.451 |
|
|
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|
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(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term Borrowings |
76.983 |
36.651 |
33.848 |
|
(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 |
4.752 |
4.212 |
2.901 |
|
Total Non-Current
Liabilities (3) |
81.735 |
40.863 |
36.749 |
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short
term Borrowings |
94.323 |
112.131 |
107.747 |
|
(b) Trade
Payables |
127.547 |
117.599 |
92.669 |
|
(c) Other Current
Liabilities |
36.821 |
60.976 |
30.685 |
|
(d) Short-Term
Provisions |
2.828 |
1.780 |
6.574 |
|
Total Current
Liabilities (4) |
261.519 |
292.486 |
237.675 |
|
|
|
|
|
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TOTAL |
434.258 |
416.332 |
350.875 |
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-Current Assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible Assets |
206.378 |
183.926 |
171.626 |
|
(ii)
Intangible Assets |
13.686 |
13.686 |
13.686 |
|
(iii)
Capital Work-in-progress |
0.000 |
36.083 |
1.452 |
|
(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) |
-0.984 |
0.782 |
2.324 |
|
(d)
Long-Term Loan and Advances |
2.380 |
1.785 |
1.788 |
|
(e) Other Non-Current
Assets |
3.608 |
7.759 |
5.160 |
|
Total Non-Current
Assets |
225.068 |
244.021 |
196.036 |
|
|
|
|
|
|
(2) Current Assets |
|
|
|
|
(a)
Current Investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
42.248 |
38.506 |
36.641 |
|
(c) Trade
Receivables |
151.951 |
114.433 |
98.216 |
|
(d) Cash
and Cash Equivalents |
3.367 |
0.521 |
0.183 |
|
(e)
Short-Term Loans and Advances |
11.624 |
18.851 |
19.799 |
|
(f) Other
Current Assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
209.190 |
172.311 |
154.839 |
|
|
|
|
|
|
TOTAL |
434.258 |
416.332 |
350.875 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
599.827 |
534.436 |
502.632 |
|
|
|
|
|
|
|
|
|
EXPENSES |
558.749 |
501.069 |
459.373 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION INCL.
IMPAIRMENT LOSS |
26.366 |
23.845 |
21.476 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
13.754 |
9.078 |
21.591 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.734 |
2.546 |
3.493 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
8.020 |
6.532 |
18.098 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
6.133 |
57.255 |
18.756 |
|
|
|
Raw Material and Components |
24.442 |
35.551 |
54.299 |
|
|
TOTAL IMPORTS |
30.575 |
92.806 |
73.055 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.59 |
2.11 |
5.84 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.16 |
2.39 |
6.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.11 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.88 |
1.79 |
1.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.80 |
0.59 |
0.65 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
31.000 |
31.000 |
31.000 |
|
Reserves & Surplus |
45.451 |
51.983 |
60.004 |
|
Net
worth |
76.451 |
82.983 |
91.004 |
|
|
|
|
|
|
long-term Borrowings |
33.848 |
36.651 |
76.983 |
|
Short-term Borrowings |
107.747 |
112.131 |
94.323 |
|
Total
borrowings |
141.595 |
148.782 |
171.306 |
|
Debt/Equity
ratio |
1.852 |
1.793 |
1.882 |
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 |
502.632 |
534.436 |
599.827 |
|
|
|
6.327 |
12.236 |
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 |
502.632 |
534.436 |
599.827 |
|
Profit |
18.098 |
6.532 |
8.020 |
|
|
3.60% |
1.22% |
1.34% |
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 |
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 |
No |
|
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 |
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 |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10556856 |
15/01/2015 |
47,000,000.00 |
HERO FINCORP LIMITED |
34, COMMUNITY CENTRE, BASANT LOK, VASANT VIHAR, NEW DELHI - 110057, INDIA |
C46708384 |
|
2 |
10543927 |
12/08/2014 |
25,000,000.00 |
HERO FINCORP LIMITED |
34, COMMUNITY CENTRE, BASANT LOK, VASANT VIHAR, NEW DELHI - 110057, INDIA |
C40107039 |
|
3 |
10476452 |
19/12/2013 |
14,000,000.00 |
HERO FINCORP LIMITED |
34, COMMUNITY CENTRE, BASANT LOK, VASANT VIHAR, NEW DELHI - 110057, INDIA |
B95865580 |
|
4 |
10455794 |
19/09/2013 |
59,000,000.00 |
HERO FINCORP LIMITED |
34, COMMUNITY CENTRE, BASANT LOK, VASANT VIHAR, NEW DELHI - 110057, INDIA |
B87843306 |
|
5 |
10355955 |
23/04/2012 |
18,500,000.00 |
HERO FINCORP LIMITED |
34, COMMUNITY CENTRE, BASANT LOK, VASANT VIHAR, NEW DELHI - 110057, INDIA |
B39689252 |
|
6 |
10062843 |
28/01/2015 * |
45,000,000.00 |
INDIAN BANK |
GA,4,5,7,8 GROUND FLOOR, RAHEJA SQUARE, IMT MANESAR, GURGAON - 122050, HARYANA, INDIA |
C43636190 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loan Repayable on
Demand From Kotak Mahindra Bank -Overdraft |
0.000 |
2.467 |
|
|
|
|
|
Loan Repayable on
Demand - From Others Bill discounting facility From Hero FinCorp Limited |
15.084 |
14.978 |
|
|
|
|
|
Loan from related parties |
39.199 |
34.640 |
|
Total |
54.283 |
52.085 |
CORPORATE
INFORMATION
Subject was incorporated on 10th January 2007, to carry on the Business of Manufacturing and Sale of Springs for Two Wheelers.
FINANCIAL RESULTS
The income of the company increased from Rs. 534.436 Million in the previous year to Rs. 599.827 Million in the current year under report. Profit before tax recorded at Rs. 13.754 Million in the current year as compared to Rs. 9.078 Million in the previous year.
PRESENT AND
FUTURE OUTLOOK
The Company’s turnover has increased, by almost 13% as can be seen from the Statement of Profit and Loss. Liberlisation and globalization have ushered in new realities. The changing economic scenario has brought new opportunities on the one hand and increased competition on the other. The company has taken up the challenge and is following a policy of focusing on its major strength of being truly integrated manufacturer. The results of this are reflected in the operations of the company.
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
Guarantees in favor of Sales Tax Department |
0.100 |
0.200 |
|
Letters of credit outstanding in favor of suppliers and Capital Goods |
18.026 |
48.883 |
FIXED ASSETS
TANGIBLE ASSETS
· Land
· Building
· Plant and Machinery Domestic
· Plant and Machinery – Imported
· Dies and Moulds
· Tools – Imported
· Tools – Domestic
· Electric Installation
· Factory Equipment
· Motor Vehicle
· Office Equipment
· Furniture’s and Fixtures
· Data Processing Equipment’s
· Computer Software
· Leasehold Improvements
INTANGIBLE ASSETS
·
Goodwill
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
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.