MIRA INFORM REPORT
|
Report No. : |
336532 |
|
Report Date : |
17.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ZF INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-38, MIDC Chakan Industrial Area, Phase II, Village Vasuli, Taluka
Khed, Chakan, Pune-410501, Maharashtra |
|
Tel. No.: |
91-20-66290889 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
13.08.2007 |
|
|
|
|
Com. Reg. No.: |
11-130569 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2060.593 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999PN2007FTC130569 |
|
|
|
|
IEC Code : |
3108008331 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEZ01921D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ3052C |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturer of Automobile Parts. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of “ZF FRIEDRICHSHAFEN AG”, GERMANY. It is an
established company having moderate track record. For the financial year ended 2013, company possesses moderate
operational performance and it has incurred huge losses from it operational
activities. Rating further constrained on account of company’s moderate financial risk
profile marked by negative reserves and leverage balance sheet profile of the
company. However, trade relations are reported as fair. Payments are reported
to be unknown. In view of operational losses, the company can be considered for
business dealing with some caution. NOTE: 23 AC documents for the financial year ended 2014 are not available
from any source. |
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
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Pravin Kadam |
|
Designation : |
Senior Executive - Admin |
|
Contact No.: |
91-8600996566 |
|
Date : |
12.08.2015 |
LOCATIONS
|
Registered Office : |
B-38, MIDC Chakan Industrial Area, Phase II, Village Vasuli, Taluka
Khed, Chakan, Puna-410501, Maharashtra, India |
|
Tel. No.: |
91-2135-624700 / 624735 |
|
Mobile No.: |
91-8600996566 (Mr. Pravin Kadam) |
|
Fax No.: |
Not Available |
|
E-Mail : |
kishore.changediya@zf.com axel.dolezal@zf.com pranil.doijad@zf.com |
|
Website : |
|
|
|
|
|
Factory : |
Gate No. 1242/44, Village Vadu Budruk, Taluka-Shirur, District-
Pune-412216, India |
|
Tel. No.: |
91-2137-305100 |
|
Fax No.: |
91-2137-305302 |
|
E-Mail : |
DIRECTORS
AS ON 24.09.2014
|
Name : |
Mr. Hubert Johann Gross |
|
Designation : |
Director |
|
Address : |
Breslauerstrasse 11, Barnstorf - 49406, Germany |
|
Date of Birth/Age : |
16.11.1952 |
|
Date of Appointment : |
19.09.2013 |
|
DIN No.: |
06683280 |
|
|
|
|
Name : |
Mr. Lutz Manfred Leimbach |
|
Designation : |
Director |
|
Address : |
Rob.- Koch-Str. 10, Schweinfurt, NA, Germany |
|
Date of Birth/Age : |
12.10.1963 |
|
Date of Appointment : |
19.12.2013 |
|
DIN No.: |
06742151 |
|
|
|
|
Name : |
Mr. Rudolph William C Von Meister |
|
Designation : |
Additional director |
|
Address : |
3430 E Huron River Dr, Ann Arbor - 48104, United States Of America |
|
Date of Appointment : |
08.05.2015 |
|
DIN No.: |
07176705 |
|
|
|
|
Name : |
Mr. Suresh Kizhakke Variam |
|
Designation : |
Additional Director |
|
Address : |
B - 91, Sree Vatsa Gardens 7/31 - A, Mettupalayam Road 1, Thudivalur, Coimbatore, 641034, Tamil Nadu, India |
|
Date of Birth/Age : |
20.02.1967 |
|
Date of Appointment : |
29.05.2015 |
|
DIN No.: |
00550459 |
|
|
|
|
Name : |
Mr. Gottfried Sihler |
|
Designation : |
Additional Director |
|
Address : |
Uhlandstr. 18, Magstadt, 71106, , Germany |
|
Date of Appointment : |
17.06.2015 |
|
DIN No.: |
07214463 |
|
|
|
|
Name : |
Mr. Klaus Markus Wittig |
|
Designation : |
Additional Director |
|
Address : |
98A Taman Nakhoda, Villa Delle Rose - 257792, Singapore |
|
Date of Appointment : |
20.07.2015 |
|
DIN No.: |
07227555 |
KEY EXECUTIVES
|
Name : |
Shnila Parveen |
|
Designation : |
Secretary |
|
Address : |
Flat 204, Mauli Kripa Apartments, Near Lalani Quantum, Patil Nagar, Bavdhan, Pune, 411021, Maharashtra, India |
|
Date of Appointment : |
20.04.2015 |
|
PAN No.: |
BAPPP9819N |
|
|
|
|
Name : |
Mr. Pravin Kadam |
|
Designation : |
Senior Executive - Admin |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2014
|
Names of Shareholders |
No. of Shares |
|
ZF Friedrichshafen AG, Germany |
268882971 |
|
ZF Friedrichshafen AG, Germany jointly with Mr. Dieter Eckhardt |
1 |
|
|
|
|
Total |
268882972 |
AS ON 24.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Automobile Parts. |
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Products : |
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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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Products : |
Raw Material |
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Countries : |
Germany |
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Terms : |
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Selling : |
Cash and Credit (30/ 60/ 90 Days) |
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Purchasing : |
Cash and Credit (30/ 60/ 90 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Mahindra and Mahindra Limited |
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Customers : |
End Users and OEM’s
· Kamaz Motor Limited |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
S R Batliboi and Company Chartered Accountants |
|
Address : |
C-401, Fourth Floor, Panchshil Tech Park, Yerawada, Pune – 411006,
Maharashtra, India |
|
Tel. No.: |
91-20-66016000 |
|
Fax No.: |
91-20-66015900 |
|
Income-tax
PAN of auditor or auditor's firm : |
AALFS0506L |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding company : |
ZF Friedrichshafen AG, Germany |
|
|
|
|
Fellow Subsidiary Company : |
·
ZF (China) Investment Company
Limited, China ·
ZF Achsgetriebe GmbH, Germany ·
ZF Asia Pacific Pte. Limited,
Singapore ·
ZF Boge Elastmetall LLC, United
States ·
ZF Boutheon S.A., France ·
ZF Chassistech Commercial Vehicles
(Shanghai) Company Limited, China ·
ZF Do Basil Ltda, Brazil ·
ZF Drivetech (Hangzhou) Company
Limited, China ·
ZF Gotha GmbH, Germany ·
ZF Hungaria KFT, Hungary ·
ZF Industries Inc., United States ·
ZF Kama LLC, Russian Federation ·
ZF Passau GmbH, Germany ·
ZF Sachs AG, Germany ·
ZF Services GmbH, Germany ·
ZF Services Korea Company Limited,
Korea , Democratic People's Republic ·
ZF Services North America LLC, United
States ·
ZF Services South Africa (Pty)
Limited, South Africa ·
ZF Stankov S.R.O, Czech Republic ·
ZF Wind Power Coimbatore Limited,
India |
CAPITAL STRUCTURE
AS ON 24.09.2014
Authorised Capital : Rs. 3125.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 3069.984
Million
AS ON 24.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
269,800,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2698.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
268,882,972 |
Equity Shares |
Rs. 10/- each |
Rs. 2688.830
Million |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,63,00,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2063.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,60,59,310 |
Equity Shares |
Rs. 10/- each |
Rs. 2060.593
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 |
2060.593 |
1948.686 |
855.081 |
|
(b) Reserves & Surplus |
(1155.826) |
(999.764) |
(478.619) |
|
(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) |
904.767 |
948.922 |
376.462 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
382.491 |
375.872 |
189.720 |
|
(b) Deferred tax liabilities (Net) |
5.371 |
5.351 |
3.144 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
8.244 |
10.592 |
2.835 |
|
Total
Non-current Liabilities (3) |
396.106 |
391.815 |
195.699 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
411.954 |
277.130 |
401.198 |
|
(b)
Trade payables |
214.530 |
416.839 |
672.317 |
|
(c)
Other current liabilities |
102.504 |
26.347 |
51.024 |
|
(d)
Short-term provisions |
20.188 |
12.518 |
4.958 |
|
Total
Current Liabilities (4) |
749.176 |
732.834 |
1129.497 |
|
|
|
|
|
|
TOTAL |
2050.049 |
2073.571 |
1701.658 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
275.490 |
349.782 |
359.311 |
|
(ii)
Intangible Assets |
2.662 |
4.490 |
0.178 |
|
(iii)
Capital work-in-progress |
61.254 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
305.979 |
253.173 |
66.215 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
424.129 |
466.510 |
218.034 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1069.514 |
1073.955 |
643.738 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
178.169 |
540.434 |
728.974 |
|
(c)
Trade receivables |
340.148 |
247.754 |
121.755 |
|
(d)
Cash and cash equivalents |
210.603 |
112.215 |
1.652 |
|
(e)
Short-term loans and advances |
75.981 |
98.712 |
204.369 |
|
(f)
Other current assets |
175.634 |
0.501 |
1.170 |
|
Total
Current Assets |
980.535 |
999.616 |
1057.920 |
|
|
|
|
|
|
TOTAL |
2050.049 |
2073.571 |
1701.658 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
1088.695 |
874.148 |
394.014 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1176.138 |
1182.701 |
720.505 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS)BEFORE TAX |
(87.443) |
(308.553) |
(326.491) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
68.619 |
212.592 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(156.062) |
(521.145) |
(326.491) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(999.764) |
(478.619) |
(152.128) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1155.826) |
(999.764) |
(478.619) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
218.686 |
3.716 |
3.440 |
|
|
|
Commission Earnings |
7.593 |
3.034 |
1.908 |
|
|
|
Other Earnings |
18.853 |
1.204 |
0.348 |
|
|
TOTAL EARNINGS |
245.132 |
7.954 |
5.696 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(0.76) |
(2.67) |
(3.82) |
|
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
Sales Turnover (Approximately) |
|
1300.000 |
1200.000 |
|
|
|
|
|
The above information has been parted by Mr. Pravin Kadam (Senior
Executive – Admin).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
(2.704) |
(411..95) |
(326.491) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.20) |
(16.95) |
(19.96) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.10) |
(0.33) |
(0.87) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.88 |
0.69 |
1.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.36 |
0.94 |
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 |
855.081 |
1948.686 |
2060.593 |
|
Reserves & Surplus |
(478.619) |
(999.764) |
(1155.826) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
376.462 |
948.922 |
904.767 |
|
|
|
|
|
|
Long-term borrowings |
189.720 |
375.872 |
382.491 |
|
Short term borrowings |
401.198 |
277.130 |
411.954 |
|
Total
borrowings |
590.918 |
653.002 |
794.445 |
|
Debt/Equity
ratio |
1.570 |
0.688 |
0.878 |
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 |
394.014 |
874.148 |
1088.695 |
|
|
|
121.857 |
24.544 |
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 |
394.014 |
874.148 |
1088.695 |
|
Profit |
(326.491) |
(521.145) |
(156.062) |
|
|
(82.86%) |
(59.62%) |
(14.33%) |
LOCAL AGENCY FURTHER INFORMATION
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Foreign currency term loans from others |
382.491 |
375.872 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
411.954 |
277.130 |
|
|
|
|
|
Total |
794.445 |
653.002 |
FIXED ASSETS:
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipment’s
· Other Equipment’s
· Leasehold Improvements
· Computer 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.65.12 |
|
|
1 |
Rs.101.62 |
|
Euro |
1 |
Rs.72.56 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
27 |
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.