MIRA INFORM REPORT
|
Report No. : |
335943 |
|
Report Date : |
11.08.2015 |
sIDENTIFICATION DETAILS
|
Name : |
ISRI JC AUTOMOTIVE SEATING LIMITED (W.E.F. 09.04.2013) |
|
|
|
|
Formerly Known
As : |
ISRI
TJC AUTOMOTIVE SEATING LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 1, Survey No. 235/245, Hinjwadi, Taluka – Mulshi, Pune – 411057, Maharashtra |
|
Tel. No.: |
91-20-66738888 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.10.2008 |
|
|
|
|
Com. Reg. No.: |
11-132935 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 40.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2008PLC132935 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of
trading in automotive seating systems |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 60000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its field. Its scale of activities are
limited. The company has incurred accumulated loss for the year 2014. The rating rakes into consideration company’s modest net worth and
small scale of operations. However, Trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for small business dealings with some
caution. |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
s
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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Amritav |
|
Designation : |
Company Secretary |
|
Contact No.: |
{telephone / mobile no.} |
|
Date : |
06.08.2015 |
LOCATIONS
|
Registered Office : |
Plot No. 1, Survey No. 235/245, Hinjwadi, Taluka – Mulshi, Pune – 411057, Maharashtra, India |
|
Tel. No.: |
91-20-66738888 |
|
Fax No.: |
91-20-66738989s |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Rajagopalan Kaliyur Murali |
|||||||||||||||||||||||||||
|
Designation : |
Additional
Director |
|||||||||||||||||||||||||||
|
Address : |
A/9, 201, Ganga Sat Ellite, Wanowrie, Pune – 411040, Maharashtra,
India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.06.1963 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
27.11.2013 |
|||||||||||||||||||||||||||
|
DIN No.: |
06743639 |
|||||||||||||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Peter Tobias Luepfert |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Dromcher Strabe 26, Extertal, 32699, Germany |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.08.1970 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2014 |
|||||||||||||||||||||||||||
|
DIN No.: |
06743682 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Detlev Walter Juerss |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
AM Thelenhof 6 51377 Leverkusen, Leverkusen, 51377, Germany |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.03.1966 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
27.11.2013 |
|||||||||||||||||||||||||||
|
DIN No.: |
02242864 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Ralf Kleinschmidt |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Theresienweg 28, Verl, 33415, Germany |
|||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2014 |
|||||||||||||||||||||||||||
|
DIN No.: |
06739956 |
|||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Amritav |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Isringhausen GMBH and Company,
Germany |
|
2025000 |
|
Johnson Controls Automotive Limited, India |
|
2024995 |
|
Johnson Controls Automotive Limited, India |
|
1 |
|
Johnson Controls Automotive Limited, India |
|
1 |
|
JVAL Jointly with Mr. Sanjay Panse |
|
1 |
|
Total |
|
4049998 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Bodies corporate |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of
trading in automotive seating systems |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
s |
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Co Chartered Accountants LLP Chartered Accountants |
|
Address : |
7th Floor, Tower A, Wing – 1, Business Bay, Airpot Road,
Yerwada, Pune – 411016, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFP0187A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Parties: |
·
Johnson Controls Automotive Limited – Venture in
the Company ·
Isringhausen GMBH and Company KG - Venture in the
Company |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4050000 |
Equity Shares |
Rs.10/- each |
Rs.40.500 Million |
|
|
|
|
|
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 |
40.500 |
40.500 |
40.500 |
|
(b) Reserves & Surplus |
(19.568) |
(18.803) |
(19.566) |
|
(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) |
20.932 |
21.697 |
20.934 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.191 |
|
Total
Non-current Liabilities (3) |
0.000 |
0.000 |
0.191 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.010 |
|
(b) Trade payables |
32.232 |
13.991 |
12.663 |
|
(c) Other current liabilities |
6.867 |
10.689 |
10.385 |
|
(d) Short-term provisions |
0.000 |
0.156 |
0.000 |
|
Total
Current Liabilities (4) |
39.099 |
24.836 |
23.058 |
|
|
|
|
|
|
TOTAL |
60.031 |
46.533 |
44.183 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9.970 |
5.634 |
0.652 |
|
(ii) Intangible Assets |
0.005 |
0.009 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.050 |
0.050 |
0.050 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
13.667 |
19.659 |
6.384 |
|
(e) Other Non-current assets |
0.133 |
0.120 |
0.100 |
|
Total
Non-Current Assets |
23.825 |
25.472 |
7.186 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
7.726 |
4.000 |
4.000 |
|
(c) Trade receivables |
10.639 |
6.170 |
8.052 |
|
(d) Cash and cash equivalents |
13.445 |
6.796 |
14.989 |
|
(e) Short-term loans and
advances |
4.379 |
4.090 |
3.323 |
|
(f) Other current assets |
0.017 |
0.005 |
6.633 |
|
Total
Current Assets |
36.206 |
21.061 |
36.997 |
|
|
|
|
|
|
TOTAL |
60.031 |
46.533 |
44.183 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
37.691 |
33.399 |
44.259 |
|
|
Other Income |
1.721 |
0.562 |
0.680 |
|
|
TOTAL
(A) |
39.412 |
33.961 |
44.939 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
26.714 |
30.289 |
37.389 |
|
|
Purchases of Stock-in-Trade |
3.146 |
0.000 |
0.000 |
|
|
Employees benefits expense |
0.409 |
0.868 |
2.004 |
|
|
Other expenses |
7.685 |
1.368 |
4.388 |
|
|
TOTAL
(B) |
37.954 |
32.525 |
43.781 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1.458 |
1.436 |
1.158 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.051 |
0.107 |
0.890 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.407 |
1.329 |
0.268 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
2.172 |
0.377 |
0.118 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(0.765) |
0.952 |
0.150 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.189 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(0.765) |
0.763 |
0.150 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and Stores parts |
6.234 |
2.572 |
17.820 |
|
|
TOTAL
IMPORTS |
6.234 |
2.572 |
17.820 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(0.19) |
0.19 |
0.04 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
s
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(2.03) |
2.28 |
0.34 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.87 |
4.30 |
2.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.28) |
2.05 |
0.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.04) |
0.04 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.93 |
0.85 |
1.60 |
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 |
40.500 |
40.500 |
40.500 |
|
Reserves & Surplus |
(19.566) |
(18.803) |
(19.568) |
|
Net
worth |
20.934 |
21.697 |
20.932 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.010 |
0.000 |
0.000 |
|
Total
borrowings |
0.010 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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) |
|
Sales |
44.259 |
33.399 |
37.691 |
|
|
|
(24.537) |
12.851 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
44.259 |
33.399 |
37.691 |
|
Profit |
0.150 |
0.763 |
(0.765) |
|
|
0.34% |
2.28% |
(2.03%) |
LOCAL AGENCY FURTHER INFORMATION
s
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL INFORMATION:
Subject is engaged in the business of trading
in automotive seating systems. The company is a joint Venture between Johnson
Controls Automotive Limited and Isringhausen GMBH and Company KG.
REVIEW OF OPERATIONS:
During the year, the company net sales were
Rs. 37.690 Million (Previous year Rs. 33.400 Million including Tooling and
Engineering sales). The net loss for the year has been Rs. 0.770 Million as
against Profit of Rs. 0.760 Million during the previous financial year. The
Directors are continuously looking for avenues for future growth of the Company
in auto component industry. The segment in the high end commercial vehicles
sector is showing down signs and awaiting for the market to show improvements
by entry of new models and customers in this segment.
The company has established a product for high
end commercial vehicles and is constantly looking for the further growth
opportunities.
INDEX
OF CHARGESs
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10180617 |
22/09/2009 |
25,000,000.00 |
CORPORATION BANK |
ADITI COMMERCE CENTER, H-2406 EAST STREET CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
A71455844 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
Claims against the company not acknowledged
as debts |
147.799 |
130.232 |
|
Total |
147.799 |
130.232 |
FIXED ASSETS
Tangible Assets
- Plant and
Equipment
- Office
Equipment
- Vehicles
- Furniture and
Fixtures
Intangible Assets
- software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 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 RecordsNo 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.63.76 |
|
UK Pound |
1 |
Rs.98.76 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
-- |
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
26 |
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 |
|
s |
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.