MIRA INFORM REPORT
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Report No. : |
357354 |
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Report Date : |
30.12.2015 |
IDENTIFICATION DETAILS
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Name : |
SATHYA AUTO PRIVATE LIMITED |
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Registered
Office : |
Shed No.: 133, SIDCO Industrial Estate, Thirumazhisai, Chennai –
600124, Tamilnadu |
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Tel. No.: |
91-44-26810211/ 26810216 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
06.06.2005 |
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Com. Reg. No.: |
18-056529 |
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Capital
Investment / Paid-up Capital : |
Rs. 236.962 Million |
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CIN No.: [Company Identification
No.] |
U50101TN2005PTC056529 |
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IEC No.: |
0408006382 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHES23473C |
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PAN No.: [Permanent Account No.] |
AAJCS0429D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged primarily in
the manufacturing of auto components and other related accessories.
(Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 990000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of MK Auto components Limited, Malaysia
incorporated in the year 2005. It has satisfactory track. Management has failed to file its financial with the government
department for the year 2015. The company has incurred losses during the year due to increase in raw
materials costs. However, it has resulted decent top line growth. Rating reflects sound financial base supported by its holding company.
Trade relations are fair. Business is active. Payments are slow but
correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 DENIED BY
|
Name : |
Mr. Mohan Ramakrishnan |
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Designation : |
Director |
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Contact No.: |
91-44-26810211/ 12 |
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Date : |
29.12.2015 |
LOCATIONS
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Registered Office / Factory 1 : |
Shed No.: 133, SIDCO Industrial Estate, Thirumazhisai, Chennai –
600124, Tamilnadu, India |
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Tel. No. : |
91-44-26810211/ 26810216 |
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Fax No. : |
91-44-26810216 |
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E-Mail : |
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Website : |
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Factory 2 : |
14, Sidco Industrial Estate Thirumazhisai Chennai -
602107, Tamilnadu,
India |
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Factory 3 : |
S. No. 866/2 Village. No.126/230, Hussain Nagar, Mappedu,
B Village, Thiruvallur taluk and
district, Near Chennai - 602 105, Tamilnadu, India
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DIRECTORS
As on: 31.03.2015
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Name : |
Mr. Ramakrishnan Mohan |
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Designation : |
Managing director |
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Address : |
AS 5 Salmaroyal
Residency 48/1, Muthukumarappan Street Saligramam, Chennai –
600093,Tamilnadu, India |
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Date of Birth/Age : |
13.06.1953 |
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Date of Appointment : |
06.06.2005 |
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DIN No. : |
01792300 |
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Name : |
Muthukumar Ayarpadde |
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Designation : |
Director |
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Address : |
No 66 Jalan
Setiajaya, Bukit Damansara, Kualalumpur, 50490, Malaysia |
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Date of Birth/Age : |
13.07.1972 |
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Date of Appointment : |
11.04.2007 |
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DIN No. : |
01799039 |
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Name : |
Mysore Ananda Kumar Madan Kumar |
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Designation : |
Director |
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Address : |
1156, Bojjanna
Lane, Chamarajapuram, Mysore - 570005, Karnataka, India |
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Date of Birth/Age : |
04.07.1973 |
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Date of Appointment : |
30.06.2011 |
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DIN No. : |
01865235 |
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Name : |
Megat Shahrul Azmir Bin Nordin |
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Designation : |
Director |
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Address : |
No. 38, Jalan Teratak
U8/95 A, Bukit Jelutong, 40150 Shah Alam, Selangor Darul Ehsan, Na, Malaysia |
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Date of Birth/Age : |
12.04.197 |
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Date of Appointment : |
30.03.2012 |
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DIN No. : |
05237306 |
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Name : |
Koh Fook Cheong |
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Designation : |
Director appointed in casual vacancy |
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Address : |
No.50, Jalan 7, Ampang
Jaya, 6800 Ampang Selangor, 68000 Malaysia |
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Date of Birth/Age : |
10.03.1966 |
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Date of Appointment : |
22.04.2013 |
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DIN No. : |
06563331 |
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KEY EXECUTIVES
|
Name : |
J Sridhar |
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Designation : |
Secretary |
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Address : |
10/8 Srinivasa
(Iyer) Street Extension, West Mambalam, Chennai – 600033, Tamilnadu,
India |
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Date of Birth/Age : |
07.05.1960 |
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Date of Appointment : |
15.04.2011 |
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PAN No.: |
AAVPS7264B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 11.09.2014
|
Names of Shareholders |
No. of Shares |
|
MK Autocomponents Limited, Malaysia |
23695663 |
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Castwel Auto Parts P Limited, India |
500 |
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Total |
23696163 |
Equity Share Break up (Percentage of Total Equity)
As on: 11.09.2014
|
Category |
Percentage |
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Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
99.98 |
|
Bodies corporate |
0.02 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged primarily in
the manufacturing of auto components and other related accessories.
(Registered Activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
NOTE: ECB and Term loans are secured against Plant and Machinery and
extension of Equitable Mortgage of Land and Building standing in the name of
the company, and letter of comfort from UMW Holdings Berhad, Malaysia. ECB Loans are repaid at the end of 3, 3.5, 4, 4.5 and 5th
year from the respective date of drawing, Last repayment will be made in
2015. Loan is secured by hypothecation of Stocks, Book Debts and letter of comfort from UMW Holdings Berhad, Malaysia. Loan is secured by hypothecation of Stocks, Book Debts and letter of comfort from UMW Holdings Berhad, Malaysia. |
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Financial
Institution: |
Sundaram Finance Limited, 21 Patullos Road, Chennai - 600002,
Tamilnadu, India |
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Auditors : |
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Name : |
B. Thiagarajan and Company Chartered Accountants |
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Address : |
Flat No 2C, IInd Floor, Sri Mohanavalli Apartments, Chakrapani Street, new No 40 (Old No 15), Chakrapani Street Extetion West, Mambalam, Chennai – 6000 Tamilnadu, India |
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PAN
No. : |
AADFB9485H |
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Memberships : |
--- |
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Collaborators : |
--- |
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Enterprises over which Key Managerial Personnel
(KMP) and their relatives have substantial interest : |
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Ultimate Holding
company |
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CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
23696163 |
Equity Shares |
Rs.10/- each |
Rs. 236.962 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders'
Funds |
|
|
|
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(a) Share Capital |
236.962 |
18.082 |
18.082 |
|
(b) Reserves & Surplus |
108.586 |
120.576 |
110.103 |
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(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.000 |
11.918 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
345.548 |
150.576 |
128.185 |
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(3)
Non-Current Liabilities |
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|
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(a) long-term borrowings |
239.660 |
287.684 |
271.223 |
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(b) Deferred tax liabilities (Net) |
0.000 |
7.830 |
21.752 |
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(c) Other long term liabilities |
13.703 |
13.783 |
15.244 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
253.363 |
309.297 |
308.219 |
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
199.990 |
200.655 |
176.966 |
|
(b) Trade payables |
147.383 |
79.110 |
67.179 |
|
(c) Other current liabilities |
40.753 |
228.850 |
0.000 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
388.126 |
508.615 |
244.145 |
|
|
|
|
|
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TOTAL |
987.037 |
968.488 |
680.549 |
|
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|
|
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II.
ASSETS |
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|
|
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(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
704.450 |
553.078 |
488.463 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
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) |
15.890 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
2.561 |
105.764 |
30.393 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
722.951 |
658.892 |
518.906 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
99.813 |
87.726 |
58.071 |
|
(c) Trade receivables |
127.405 |
100.738 |
71.420 |
|
(d) Cash and cash equivalents |
6.843 |
89.726 |
6.444 |
|
(e) Short-term loans and advances |
30.025 |
31.406 |
25.708 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
264.086 |
309.596 |
161.643 |
|
|
|
|
|
|
TOTAL |
987.037 |
968.488 |
680.549 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
|
439.455 |
309.630 |
|
|
Other Income |
|
4.607 |
3.299 |
|
|
TOTAL (A) |
542.019 |
444.062 |
312.929 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
324.770 |
175.127 |
|
|
Changes in inventories of finished goods, work-in-progress and
Stock-in-Trade |
|
(4.890) |
2.963 |
|
|
Personal expense |
|
60.463 |
62.884 |
|
|
Extra-Ordinary Item |
|
(39.956) |
0.000 |
|
|
Excess provision written back |
|
0.000 |
(1.811) |
|
|
Other expenses |
|
42.531 |
61.428 |
|
|
TOTAL (B) |
532.919 |
382.918 |
300.591 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
9.100 |
61.144 |
12.338 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
43.368 |
40.892 |
16.648 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(34.268) |
20.252 |
(4.310) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
27.697 |
23.068 |
10.838 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(61.965) |
(2.816) |
(15.148) |
|
|
|
|
|
|
|
Less |
TAX (I) |
(23.720) |
(13.922) |
12.085 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(38.245) |
11.106 |
(27.233) |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(2.03) |
6.14 |
(15.06) |
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 |
|
Net cash flows from (used in) operations |
(61.965) |
(42.772) |
4.309 |
|
Net cash flows from (used in) operating activities |
(61.965) |
(42.772) |
3.109 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(7.06) |
2.53 |
(8.80) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
1.68 |
13.91 |
3.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.38) |
(0.29) |
(2.23) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.18) |
(0.02) |
(0.12) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.27 |
3.24 |
3.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.68 |
0.61 |
0.66 |
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 |
18.082 |
18.082 |
236.962 |
|
Reserves & Surplus |
110.103 |
120.576 |
108.586 |
|
Share Application money pending
allotment |
0.000 |
11.918 |
0.000 |
|
Net worth |
128.185 |
150.576 |
345.548 |
|
|
|
|
|
|
long-term borrowings |
271.223 |
287.684 |
239.660 |
|
Short term borrowings |
176.966 |
200.655 |
199.990 |
|
Total borrowings |
448.189 |
488.339 |
439.650 |
|
Debt/Equity ratio |
3.496 |
3.243 |
1.272 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
312.929 |
444.062 |
542.019 |
|
|
|
41.905 |
22.059 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
312.929 |
444.062 |
542.019 |
|
Profit (Loss) |
(27.233) |
11.106 |
(38.245) |
|
|
(8.70%) |
2.50% |
(7.06%) |
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) |
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 |
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 |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONAL REVIEW
The Company has made improvement in the topline by increasing the turnover by 41%. However, increase in the raw materials costs, interest cost and other expenses resulted in negative PBT and PAT. The unrealised foreign exchange loss is capitalized in the current year also. The management is taking its every bit to improve the EBITDA margin concentrating in capacity utilization of Plant 3, passing the margin pressure to customers by effective price negotiation, etc.
CORPORATE INFORMATION
Subject a private limited company domiciled in India and incorporated under the provision of the Companies Act, 1956, based at Chennai, Tamilnadu. The company is engaged primarily in the manufacturing of auto components and other related accessories. The company has many auto majors in its customers list. The company has three manufacturing facilities, in and around Chennai. The company is subsidiary of Malaysia based company, MK Auto Components Limited.
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10546562 |
01/10/2014 |
5,744,204.00 |
SUNDARAM FINANCE
LIMITED |
21 PATULLOS
ROAD, CHENNAI - 600002, TAMILNADU, INDIA |
C42194738 |
|
2 |
10375429 |
15/10/2012 * |
122,177,000.00 |
STANDARD
CHARTERED BANK |
19, RAJAJI
SALAI, CHENNAI - 600001, TAMILNADU, INDIA |
B60864717 |
|
3 |
10301384 |
21/06/2011 |
62,500,000.00 |
STANDARD
CHARTERED BANK |
19, RAJAJI
SALAI, CHENNAI - 600001, TAMILNADU, INDIA |
B18458471 |
|
4 |
10275270 |
23/03/2011 |
100,000,000.00 |
STANDARD
CHARTERED BANK |
19, RAJAJI SALAI, CHENNAI - 600001, TAMILNADU, INDIA |
B09085671 |
|
5 |
10151614 |
23/03/2011 * |
150,000,000.00 |
STANDARD
CHARTERED BANK |
19, RAJAJI SALAI, CHENNAI - 600001, TAMILNADU, INDIA |
B09087503 |
* Date
of charge modification
FIXED ASSETS
- Plant and Machinery
- Electrical Equipments
- Office Equipments
- Tools Dies and Fixtures
- Computer and
Peripherals
- Furniture and Fittings
- Motor Vehicles
- Motor Car
- Buildings
- Land
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 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.66.37 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.72.85 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
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 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
42 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.