MIRA INFORM REPORT
|
Report No. : |
319107 |
|
Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
LENZE MECHATRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 1-19, Gat No. 1898, Khed City DTA, Khed to Pabal Road,
Kanhersar, Taluka Khed, Pune - 410505, Maharashtra |
|
Tel. No.: |
91-2135-616940/ 616900 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
21.09.2005 |
|
|
|
|
Com. Reg. No.: |
11-134899 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 51.237 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34101PN2005PTC134899 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
AABCL1260B |
|
|
|
|
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 Exporter of Automation Products. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
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|
Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Lenze SE, Germany”. It is a
well-established company having satisfactory track. Management has failed to file latest financial of FY14 with the
statutory authorities. As per available, the financial position of the company appears to be
sound. It receives better financial support from its parent company. Trade relations are reported as decent. Business is active. Payment
terms are 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 DENIED
MANAGEMENT NON CO-OPERATIVE (TEL No. 91-2135-616900/ 9923102797)
LOCATIONS
|
Registered Office/ Head Office/ Admin Office: |
Plot No. 1-19, Gat No. 1898, Khed City DTA, Khed to Pabal Road,
Kanhersar, Taluka Khed, Pune - 410505, Maharashtra, India |
|
Tel. No.: |
91-2135-616940/ 616900 |
|
Fax No.: |
91-2135-616941/ 616998 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 |
Plot No. 46A, Sector 10, PCNTDA Industrial Area, Bhosari, Pune-411026,
Maharashtra, India |
|
Tel. No.: |
91-20-66318100 |
|
Fax No.: |
91-20-66318120 |
|
|
|
|
Factory 2 : |
Located at Wagholi, Pune, Maharashtra, India |
|
|
|
|
Sales Office : |
101, Padma Tower II, 22, Rajendra Place, New Delhi-110008, India |
|
Tel. No.: |
91-11-45062113 |
|
Fax No.: |
91-11-45062115 |
|
|
|
|
Sales Office : |
Also Located At:
|
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Nandi Gopal Chandra Debasis |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 7, Raja Apartment, 390 Dakhindari Road, Sribhumi,
Kolkata-700048, West Bengal, India |
|
Date of Birth/Age : |
26.09.1960 |
|
Date of Appointment : |
19.09.2005 |
|
Din No.: |
01203957 |
|
|
|
|
Name : |
Cord Thomas |
|
Designation : |
Director |
|
Address : |
Bronnbacher Strasse 12, Marktheidenfeld, 97828, Germany |
|
Date of Birth/Age : |
10.04.1965 |
|
Date of Appointment : |
19.05.2010 |
|
Din No.: |
03025889 |
|
|
|
|
Name : |
Frank Kurt Heinz Schluter |
|
Designation : |
Director |
|
Address : |
Caprivistr 8, Osnabruck, 49076, Germany |
|
Date of Birth/Age : |
22.01.1964 |
|
Date of Appointment : |
13.02.2009 |
|
Din No.: |
02504866 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
LIST OF ALLOTTEES:
As on: 24.03.2014
|
Names of Shareholders |
No. of
Preferences Shares |
No. of Equity
Shares |
|
Lenze S.E., Aerzen, Germany |
|
639577 |
|
Total |
|
639577 |
As on: 30.09.2013
|
Names of Shareholders |
No. of
Preferences Shares |
No. of Equity
Shares |
|
Lenze S.E., Aerzen, Germany |
|
3611715 |
|
Lenze GMBH, Aerzen, Germany |
|
1 |
|
Lenze S.E., Aerzen, Germany |
16703 |
-- |
|
|
|
|
|
TOTAL
|
16703 |
3611716 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
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 : |
Manufacturer and Exporter of Automation Products. |
|
|
|
|
Products : |
Automation Products. |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
||||||||||||||||||||||
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||||||||||||||||||||||
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Bankers : |
|
|
Auditors : |
|
|
Name : |
BSR and Associates Chartered Accountants |
|
Address : |
703, 7th Floor, Godrej Castle Maine, Near Ruby Hall Clinic,
Bund Garden Road, Pune-411001, Maharashtra, India |
|
Tel. No.: |
91-20-30585764/30585785 |
|
Fax No.: |
91-20-30585775 |
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Email: |
|
|
PAN No: |
AAIFB7355D |
|
|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
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|
Holding Company : |
Lenze Se, Germany |
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|
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Fellow Subsidiaries : |
|
CAPITAL STRUCTURE
After as on: 30.09.2013
Authorized Capital: Rs. 85.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 46.689 Million
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5490000 |
Equity Shares |
Rs.10/- each |
Rs.54.900 Million |
|
30100 |
Preferences Shares |
Rs.1000/- each |
Rs.30.100 Million |
|
|
TOTAL
|
|
Rs.85.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3453441 |
Equity Shares |
Rs.10/- each |
Rs.34.534
Million |
|
16703 |
Preferences Shares |
Rs.1000/- each |
Rs.16.703
Million |
|
|
TOTAL |
|
Rs.51.237 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
51.237 |
49.982 |
49.982 |
|
(b) Reserves & Surplus |
77.353 |
39.648 |
23.629 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
30.800 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
128.590 |
120.430 |
73.611 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
47.793 |
23.965 |
22.927 |
|
(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 |
1.818 |
0.891 |
0.065 |
|
Total Non-current
Liabilities (3) |
49.611 |
24.856 |
22.992 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
104.065 |
59.063 |
43.718 |
|
(c) Other
current liabilities |
42.473 |
20.361 |
16.007 |
|
(d) Short-term
provisions |
6.861 |
5.169 |
13.352 |
|
Total Current
Liabilities (4) |
153.399 |
84.593 |
73.077 |
|
|
|
|
|
|
TOTAL |
331.600 |
229.879 |
169.680 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
39.497 |
9.425 |
8.661 |
|
(ii)
Intangible Assets |
0.000 |
0.145 |
0.187 |
|
(iii)
Capital work-in-progress |
5.948 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.420 |
0.956 |
0.000 |
|
(c) Deferred tax assets (net) |
3.014 |
1.988 |
1.603 |
|
(d) Long-term Loan and Advances |
11.848 |
30.739 |
23.158 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
62.727 |
43.253 |
33.609 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
102.422 |
84.331 |
59.912 |
|
(c) Trade
receivables |
79.200 |
57.586 |
51.024 |
|
(d) Cash
and cash equivalents |
53.443 |
44.099 |
23.358 |
|
(e)
Short-term loans and advances |
33.808 |
0.610 |
1.777 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
268.873 |
186.626 |
136.071 |
|
|
|
|
|
|
TOTAL |
331.600 |
229.879 |
169.680 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
347.378 |
318.036 |
|
|
|
|
Other Income |
1.688 |
0.486 |
|
|
|
|
TOTAL |
349.066 |
318.522 |
337.699 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
332.271 |
289.952 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
16.795 |
28.570 |
(Including
Depreciation Expenses) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
3.184 |
3.336 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
13.611 |
25.234 |
46.150 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.452 |
9.216 |
15.548 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
8.159 |
16.018 |
30.602 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
34.134 |
22.796 |
37.370 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
NA |
212.081 |
203.810 |
|
|
|
Capital Goods |
|
0.109 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
212.190 |
203.810 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.36 |
6.38 |
12.66 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.35 |
5.04 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.25 |
11.12 |
27.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.21 |
0.63 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.37 |
0.20 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.75 |
2.21 |
1.86 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
49.982 |
49.982 |
51.237 |
|
Reserves & Surplus |
23.629 |
39.648 |
77.353 |
|
Share Application money pending allotment |
0.000 |
30.800 |
0.000 |
|
Net worth |
73.611 |
120.430 |
128.590 |
|
|
|
|
|
|
long-term borrowings |
22.927 |
23.965 |
47.793 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
22.927 |
23.965 |
47.793 |
|
Debt/Equity ratio |
0.311 |
0.199 |
0.372 |
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 |
337.699 |
318.522 |
349.066 |
|
|
|
(5.679) |
9.589 |
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 |
337.699 |
318.522 |
349.066 |
|
Profit |
30.602 |
16.018 |
8.159 |
|
|
9.06% |
5.03% |
2.34% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term debt |
23.295 |
0.687 |
NA
|
|
|
|
|
|
|
Total |
23.295 |
0.687 |
NA
|
|
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 |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
OPERATIONS:
During the year under report, despite an increase in revenue by 9.22%, there is decrease in profit before tax and profit after tax due to increase cost of borrowed capital.
Company is in process of a massive expansion with construction of new plant in process viz. Factory and Admin Office at Plot No.I-19, Khed City, Kanhersar, Khed, Pune, Maharashtra, India Company has acquired the land of 3 acres and is constructing a factory building of 24500 Sq. Feets and Admin Building of 5250 Sq. Feets. The total cost of the project is around 12 crores which is funded by Equity to the extent of Rs. 30.800 Million and rest by way of External Commercial Borrowings from Parent Company. Out of this, Company has received disbursement in two tranches viz. Rs. 46.200 Million as ECB and Equity of Rs. 30.800 Million.
BACKGROUND:
Subject was incorporated on 21st
September 2005 as a wholly owned subsidiary of Lenze Se (Formerly Lenze AG, the
holding company) incorporated in Germany. The company has prepared its seventh
annual accounts for the year ended 31st March 2013.
Its major business activities include
manufacturing and assembling of automation parts, power electronics,
converters, inverters, geared motors, geared boxes, encoders, HMI (Human
Machine Interface), electronic automation and mechanical accessories. It also
provides installation and after sales support for its products.
The company’s manufacturing assembling plants
are located at Bhosari and Wagholi in Pune and it has sales office in New
Delhi, Kolkata, Ahmedabad and Bangalore.
During the financial year, the Company has acquired a land on long term lease of 90 years in Khed city, Rajguru Nagar, Pune. Further, the Company has started construction of the new factory and has plans to shift to the new location post September 2013.
Note:
Registered office of the company has been shifted from “Plot No. 46A,
Sector 10, PCNTDA Industrial Area, Bhosari, Pune-411026, Maharashtra, India” to
the present address w.e.f. 24.03.2014.
UNSECURED LOAN
|
Particular |
31.03.2013 (Rs. in Million) |
31.03.2012 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Fully convertible debentures others |
0.000 |
22.750 |
|
Rupee term loans from banks |
1.593 |
1.215 |
|
Term loans from others |
46.200 |
0.000 |
|
Total |
47.793 |
23.965 |
INDEX OF
CAHREGS: NO CHARGES EXIST FOR
COMPANY
FIXED ASSETS:
- Leasehold
Improvements
- Furniture and
Fixtures
- Plant and
Machinery
- Computers
- Vehicles
- Computer software
PRESS RELEASE:
LENZE MECHATRONICS SETS UP MANUFACTURING FACILITY AT CHAKAN
In India, the company specializes in motion centric automation and has
been in operation since 2005. In the current financial year, the company has
recorded a revenue of Rs 500.000 Million.
BS Reporter/
Pune November 27, 2013: Lenze Mechatronics, a subsidiary of Germany-based Lenze SE,
has set up a manufacturing facility at Chakan near Pune. The company has invested Rs 250.000
Million crore in this facility.
It will manufacture gear motors and
other technical engineering goods.
The company has other three small
facilities one at Bhosari and two at Wagholi which will be brought to the new
facility at Chakan.
In India, the company specializes in
motion centric automation and has been in operation since 2005. In the
current financial year, the company has recorded a revenue of Rs 500.000
Million.
"India has a huge potential
especially in the auto, textiles printing and packaging sectors and is the
second biggest market for the German machine industry. They expect our business
to grow at 20 per cent CAGR, and they expect to double their capacities in 4-5
years", said Erhard Tellbuesher, CEO Lenze SE.
The new facility will increase the
capacity four times from that of Bhosari plant and will increase the product
capacity (gear boxes) from up to 11Kw to up to 18.5 kw. According to Thomas
Cord, managing director, Lenze Automation said that the company is also
expanding its software development Centre for automation systems in the next
three years which currently has 30 engineers.
Lenze is currently has
manufacturing facilities in Germany, Switzerland, USA, Italy and China and
India.
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 records 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 records 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.63.61 |
|
|
1 |
Rs.96.56 |
|
Euro |
1 |
Rs.69.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
45 |
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.