MIRA INFORM REPORT

 

 

Report No. :

355233

Report Date :

16.12.2015

 

 IDENTIFICATION DETAILS

 

Name :

BMD MACHINERY INDIA PRIVATE LIMITED

 

 

Registered Office :

No.537A, 7th Main, 4th Phase, Peenya Industrial Area, Bangalore – 560058, Karnataka

Tel. No.:

91-80-28363088/28364550

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

17.01.2012

 

 

Com. Reg. No.:

08-560004

 

 

Capital Investment / Paid-up Capital :

Rs. 9.500 Million

 

 

CIN No.:

[Company Identification No.]

U29253KA2012PTC062098

 

 

IEC No.:

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAECB8337J

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in the business of manufacturing of machines and trading of spares for machines manufactured by them. (Confirmed by management)

 

 

No. of Employees :

25 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

Maximum Credit Limit :

USD 81000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

BMD Machinery India Private Limited was incorporated on January, 2012 and it is engaged into manufacturing and exporting of plant equipment’s, mould handling system and shot blast machines.

 

The rating on company reflects its healthy operational profile marked by decent profitability margin at 9.90% during the year under review.

 

The rating also factors on company’s satisfactory financial risk profile, good capital structure, improved reserves and it cash and its equipments along with strong liquidity and above average debt protection metrics.

 

This rating strength is partially offsets due to working capital intensive nature of its operations, susceptibility of margins to fluctuation in raw material price and subdued demand from the end user industry.

 

However, trade relations are fair. Business is active. Payment terms are reported to be usually correct. 

 

The company can be considered for business dealing 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 – 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

 

 

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 31-03-2015.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Sunderraj

Designation :

Department General Manager Purchase

Contact No.:

91-80-28362162

Date :

16.12.2015

 

 

LOCATIONS

 

Registered Office/ Factory  :

No.537A, 7th Main, 4th Phase, Peenya Industrial Area, Bangalore – 560058, Karnataka, India

Tel. No.:

91-80-28363088/ 28364550/ 28362162/ 28363059

Fax No.:

91-80 2836 4550

E-Mail :

zetaindia2003@yahoo.co.in

bmd.purchase@yahoo.com

info@bmdindia.net

Website :

http://www.bmdindia.net

Area :

20000 sq. Ft.

Location :

Rented

 

 

DIRECTORS

 

As on: 31.03.2015

 

Name :

Mr. Guharoy Ashok

Designation :

Managing Director

Address :

No. 15, 8th Main Road, K.B Sandra New Extension, R.T. Nagar, Bangalore, 560032, Karnataka, India

Date of Birth/Age :

14.09.1948

Date of Appointment :

17.01.2012

DIN No.:

05120094

Other Directorship:

 

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U29253KA2012PTC062098

BMD MACHINERY INDIA PRIVATE LIMITED

Managing director

21/07/2015

17/01/2012

-

Active

NO

2

U29194KA2012PTC062936

Neoairtech India Private Limited

Director

09/03/2012

09/03/2012

-

Active

NO

 

 

Name :

Mr. Sajjadh Hussan

Designation :

Director

Address :

No. 406, 1st Cross, 1st Stage, Indiranagar, Bangalore, 560038, Karnataka, India

Date of Birth/Age :

09.04.1944

Date of Appointment :

17.01.2012

DIN No.:

05120150

Other Directorship:

 

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U29253KA2012PTC062098

BMD MACHINERY INDIA PRIVATE LIMITED

Director

17/01/2012

17/01/2012

-

Active

NO

2

U29194KA2012PTC062936

Neoairtech India Private Limited

Director

09/03/2012

09/03/2012

-

Active

NO

 

 

Name :

Kenchappa Devendrappa

Designation :

Director

Address :

Pratiksha, 2nd Main Road, Siddarameshwara Extension, Batwadi, Tumkur, 572103, Karnataka, India

Date of Birth/Age :

23.09.1951

Date of Appointment :

17.01.2012

DIN No.:

05120112

Other Directorship:

 

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U29253KA2012PTC062098

BMD MACHINERY INDIA PRIVATE LIMITED

Director

17/01/2012

17/01/2012

-

Active

NO

2

U29194KA2012PTC062936

Neoairtech India Private Limited

Director

09/03/2012

09/03/2012

-

Active

NO

 

 

Name :

Chandrappa Thippeshappa Basavapura

Designation :

Director

Address :

Banashankari Nilaya, No. 1436, Old No. 24/A, 10th Cross, Kalyana Nagar, T-Dasarahalli, Bangalore, 560057, Karnataka, India

Date of Birth/Age :

28.06.1974

DIN No.:

05120878

Other Directorship:

 

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U29253KA2012PTC062098

BMD MACHINERY INDIA PRIVATE LIMITED

Director

17/01/2012

17/01/2012

-

Active

NO

2

U29194KA2012PTC062936

Neoairtech India Private Limited

Director

09/03/2012

09/03/2012

-

Active

NO

3

U29248KA2015FTC081425

Gostol TST India Private Limited

Managing director

21/08/2015

07/07/2015

-

Active

NO

 

 

 

KEY EXECUTIVES

 

Name :

Mr. Sunderraj

Designation :

Department General Manager Purchase

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on:  27.11.2015

 

Names of Shareholders

No. of Shares

Percentage

Guharoy Ashok

237500

25.00

Sajjadh Hussan

237500

25.00

Kenchappa Devendrappa

237500

25.00

Chandrappa Thippeshappa Basavapura

237500

25.00

Total

950000

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of manufacturing of machines and trading of spares for machines manufactured by them. (Confirmed by management)

 

 

Products :
  • Oscillating Conveyor
  • Sand Aerator
  • Shakeout
  • Belt Conveyor
  • Cooling Drum
  • Sand Plant-1
  • Moulding Machine
  • Sand Plant-2

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • Dubai
  • Saudi Arabia

 

 

Imports :

 

Products :

Raw Material

Countries :

Switzerland

 

 

Terms :

 

Selling :

Cash and Credit (30/ 60 Days)

 

 

Purchasing :

Cash and Credit (30/ 60 Days)

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference 1:

Prasad Industries

Reference 2:

Jindal Steel and Alloys

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

End Users

 

Reference :

DRBA Exports Private Limited

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

25 (Approximately)

 

 

Bankers :

Bank Name

State Bank of Mysore

Branch

No.8/6, 2nd Floor, Ranga Rao Road, Shankarapuram, Bangalore - 560004, Karnataka, INDIA

Person Name (With Designation)

Mr. Lakmikant (Manager Advances)

Contact Number

91-80-28370410

Name of Account Holder

BMD Machinery India Private Limited

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

3 Years

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Company is a good having good transaction Bank.

 

 

Facilities :

Secured Loan

31.03.2015

(Rs. in Million)

31.03.2014

(Rs. in Million)

Short-term borrowings

 

 

Cash credit from Banks

0.487

0.000

Total

0.487

0.000

 

 

 

Auditors :

 

Name :

Vishnu Daya and Company

Chartered Accountants

Address :

3rd Floor, Karuna Compex, # 337 Sampige Road, Malleswaram, Bangalore-Bangalore, Karnataka, India

Tel. No.:

91-80-23312779/ 23560633/ 23343983

Fax No.:

91-80-23313725

E-Mail :

shankar@vishnudaya.com

PAN:

AACFV5145P

 

 

Memberships :

---

 

 

Collaborators :

---

 

 

Associates :
  • Neoairtech India Private Limited
  • Zeta lndia lnc.

 

 

CAPITAL STRUCTURE

 

As on:  30.09.2015

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.10/- each

Rs. 10.000  Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

950000

Equity Shares

Rs.10/- each

Rs. 9.500  Million

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2015

31.03.2014

31.03.2013

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

9.500

9.500

0.200

(b) Reserves & Surplus

19.024

4.435

0.321

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

2.800

Total Shareholders’ Funds (1) + (2)

28.524

13.935

3.321

 

 

 

 

(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

1.552

0.000

0.000

Total Non-current Liabilities (3)

1.552

0.000

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.487

0.400

6.500

(b) Trade payables

10.024

11.056

3.941

(c) Other current liabilities

10.297

11.541

13.453

(d) Short-term provisions

2.171

0.065

0.056

Total Current Liabilities (4)

22.979

23.062

23.950

 

 

 

 

TOTAL

53.055

36.997

27.271

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

7.362

6.120

2.642

(ii) Intangible Assets

3.602

1.373

1.841

(iii) Capital work-in-progress

1.800

0.000

0.000

(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)

0.187

(0.403)

0.000

(d)  Long-term Loan and Advances

3.916

3.216

4.729

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

16.867

10.306

9.212

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

6.155

10.920

3.945

(c) Trade receivables

9.215

3.544

3.942

(d) Cash and cash equivalents

17.259

5.314

6.236

(e) Short-term loans and advances

1.395

5.508

2.227

(f) Other current assets

2.164

1.405

1.709

Total Current Assets

36.188

26.691

18.059

 

 

 

 

TOTAL

53.055

36.997

27.271

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

 

Income

145.467

68.284

28.456

 

 

Other Income

1.850

0.379

 

 

 

TOTAL                                     (A)

147.317

68.663

28.456

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

93.013

45.714

 

 

Employees benefits expense

14.044

5.772

 

 

 

Other expenses

17.307

9.427

 

 

 

TOTAL                                     (B)

124.364

60.913

27.536

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

22.953

7.750

(Including Finance and Depreciation Expenses)

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

0.445

0.033

 

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                               (E)

22.508

7.717

 

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION                     (F)

2.019

1.520

 

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)                (G)

20.489

6.197

0.920

 

 

 

 

 

Less

TAX                                                                  (H)

5.901

2.082

0.161

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX (G-H)                  (I)

14.588

4.115

0.759

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

0.834

0.787

3.336

 

 

 

 

 

 

IMPORTS

0.320

0.000

0.000

 

 

 

 

 

 

Earnings Per Share (Rs.)

15.36

29.99

46.00

 

Expected Sales (2015-16): Rs. 100.000 million (Due to market fluctuation)

 

The above information has been parted by Mr. Sunderraj (Department General Manager in Purchase).

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

12.811

5.289

NA

Net Cash flows from operating activities

5.063

3.610

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

10.03

6.03

2.67

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

15.78

11.35

NA

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

40.12

16.57

3.37

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.72

0.44

0.28

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.02

0.03

1.96

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.57

1.16

0.75

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

0.200

9.500

9.500

Reserves & Surplus

0.321

4.435

19.024

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

2.800

0.000

0.000

Net worth

3.321

13.935

28.524

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

6.500

0.400

0.487

Total borrowings

6.500

0.400

0.487

Debt/Equity ratio

1.957

0.029

0.017

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

28.456

68.663

147.317

 

 

141.295

114.551

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

28.456

68.663

147.317

Profit

0.759

4.115

14.588

 

2.67%

5.99%

9.90%

 

 

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

Yes

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

Yes

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

Yes

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

 

 

ADDRESS CHANGE:

 

Note: The Registered Office of the company has been shifted from “A-291, 6th Main Road, 2nd Stage, Peenya Industrial Estate, Bangalore-560058, Karnataka India” to the present address w.e.f.01.04.2013

 

 

BACKGROUND

 

The company was incorporated on 17th January 2012 as a Private Limited company under the companies Act, 1956 (the act). The registered office of the company is at “No.537A, 7th Main, 4th Phase, Peenya Industrial Area, Bangalore – 560058, Karnataka, India”. The company is engaged in the business of manufacturing of machines and trading of spares for machines manufactured by them.

 

 

UNSECURED LOAN

 

Unsecured Loan

31.03.2015

(Rs. in Million)

31.03.2014

(Rs. in Million)

Short-term borrowings

 

 

Loan from Director

0.000

0.400

 

 

 

Total

0.000

0.400

 

 

CONTINGENT LIABILITIES:

 

(Rs. in millions)

PARTICULARS

31.03.2015

 

 

Guarantees given by company

10.410

Estimated amount of contract remaining to be executed on capital

4.000

Total

14.410

 

 

INDEX OF CAHREGS:

 

S. NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10489700

08/04/2014

10,000,000.00

STATE BANK OF MYSORE

STATE BANK OF MYSORE, No.8/6, 2nd Floor, Ranga Rao Road, Shankarapuram, Bangalore 560004, Karnataka, INDIA

C02679413

* Date of charge modification

 

 

FIXED ASSETS:

 

  • Plant and Machinery
  • Furniture
  • Computer
  • Software
  • Trade Mark

 

 

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 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.67.04

UK Pound

1

Rs.101.67

Euro

1

Rs.73.93

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

KSP

 

 

Report Prepared by :

MTN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILITY

1~10

6

--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

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

49

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.