MIRA
INFORM REPORT
|
Report No. : |
307070 |
|
Report Date : |
13.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
AISIN AUTOMOTIVE
HARYANA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.7, 8 and 9, Sector 30B, IMT Rohtak, Rohtak – 124027, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.12.2011 |
|
|
|
|
Com. Reg. No.: |
05-044651 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 2610.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300HR2011FTC044651 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCA1851E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing including trading, design, production,
processing, fabrication, assembling, repairing, alteration, buying,
importing, marketing, exporting, engineering, selling of Automotive
components including engines, body, drive train, brake, chases related
products and otherwise dealing in all kinds of automotive components of all
type of automobiles including jigs and dies. |
|
|
|
|
No. of Employees
: |
Not Available |
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 5900000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There seems some accumulated loss recorded by the company during 2014.
However, trade relations are improving. Business is active. Payment
terms are reported to be slow. The company can be considered for business dealing 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
31-03-2014.
LOCATIONS
|
Registered Office/ Factory : |
Plot No.7, 8 and 9, Sector 30B, IMT Rohtak, Rohtak – 124027, Haryana,
India |
|
Tel. No.: |
91-124-4408650 / 91-1262-306000 / 306079 |
|
Mobile No.: |
91-8527992144 / 35 [Mr. Ramneek Vikas] |
|
Fax No.: |
91-124-4408673 |
|
E-Mail : |
DIRECTORS
As on 29.09.2014
|
Name : |
Makoto Saito |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1-35-7, Tsuijicho, Kariya, Aichi, 4480857, Japan |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.06.1960 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2014 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05136037 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Hirotoshi Ito |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Nishi Machi Nishi 1-1, Chiryu City, Aichi-Ken, 472-0023 Japan |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.03.1961 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2012 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05329608 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Hitoshi Okabe
|
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1-8-8-, Saiwai-Cho, Kariya, Aichi, Japan 4480025 |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.01.1955 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.06.2013 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06550694 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||
|
Name : |
Shirai Hiroshi |
||||||||||||||||||||||||||||||||||||
|
Designation : |
While time director |
||||||||||||||||||||||||||||||||||||
|
Address : |
27-1 Mukaiyama Shita, Funato Aichi, Aichi Pref Japan |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.10.1964 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2014 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07010132 |
||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Bhagwati Prasad |
|
Designation : |
Secretary |
|
Address : |
H. No.229, Sector 12A, Gurgaon – 122 001, Haryana, India |
|
Date of Birth/Age : |
22.11.1975 |
|
Date of Appointment : |
25.08.2012 |
|
PAN No.: |
AIDPG9118N |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Aisin Seiki Co., Limited, Japan |
|
165885000 |
|
Aisin Aisa Pacific Co., Limited, Thailand |
|
1065000 |
|
Toyota Tsusho Corporation, Japan |
|
13050000 |
|
|
|
|
|
Total |
|
180000000 |
As on 29.09.2014
|
Names of Shareholder (1% Fully Compulsorily Convertible Cumulative
Preference Shares) |
|
No. of Shares |
|
Aisin Seiki Co., Limited, Japan |
|
81000000 |
|
|
|
|
|
Total |
|
81000000 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing including trading, design, production,
processing, fabrication, assembling, repairing, alteration, buying, importing,
marketing, exporting, engineering, selling of Automotive components including
engines, body, drive train, brake, chases related products and otherwise
dealing in all kinds of automotive components of all type of automobiles
including jigs and dies.. |
|
|
|
|
Products : |
·
Frp Automobile Parts ·
Automobile Plastic Parts ·
Forged Auto Parts ·
Universal Joint Parts ·
PVC Auto Arts |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
Not Available |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Bank of Tokyo, Delhi, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Price warehouse,
Building 8, 7th and 8th Floor Tower B, DLF Cyber City,
Gurgaon, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFP3698A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Aisin Seiki Co., Limited, Japan |
|
|
|
|
Fellow
Subsidiaries : |
·
Aisin Asia Pacific Co., Limited, Thailand ·
Aisin Automotive Karnataka Private Limited, India
(CIN No.: U34300KA2011FTC061803) ·
Aisin NTTF Private Limited, India (CIN No.:
U28111KA1999PTC025020) ·
Advics North India Private Limited, India (CIN
No.: U34100HR2012FTC046839) |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
181000000 |
Equity Shares |
Rs.10/- each |
Rs. 1810.000 Millions |
|
81000000 |
Preference Shares |
Rs.10/- each |
Rs. 810.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 2620.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
180000000 |
Equity Shares |
Rs.10/- each |
Rs. 1800.000
Millions |
|
81000000 |
Preference Shares |
Rs.10/- each |
Rs. 810.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 2610.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
2610.000 |
2610.000 |
710.000 |
|
(b) Reserves & Surplus |
(555.337) |
(39.688) |
(6.072) |
|
(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) |
2054.663 |
2570.312 |
703.928 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
290.000 |
290.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1.730 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.606 |
0.085 |
0.000 |
|
Total
Non-current Liabilities (3) |
292.336 |
290.085 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
155.000 |
0.000 |
0.000 |
|
(b) Trade payables |
234.345 |
59.611 |
7.198 |
|
(c) Other current liabilities |
280.276 |
98.833 |
0.207 |
|
(d) Short-term provisions |
0.955 |
0.111 |
0.597 |
|
Total
Current Liabilities (4) |
670.576 |
158.555 |
8.002 |
|
|
|
|
|
|
TOTAL |
3017.575 |
3018.952 |
711.930 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2356.228 |
588.883 |
546.967 |
|
(ii) Intangible Assets |
0.653 |
0.679 |
0.000 |
|
(iii) Capital work-in-progress |
5.014 |
794.347 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
66.400 |
79.528 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2428.295 |
1463.437 |
546.967 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
296.705 |
5.690 |
0.000 |
|
(c) Trade receivables |
92.005 |
26.677 |
0.000 |
|
(d) Cash and cash equivalents |
48.142 |
1487.690 |
163.236 |
|
(e) Short-term loans and
advances |
152.428 |
18.850 |
1.65 |
|
(f) Other current assets |
0.000 |
16.608 |
0.077 |
|
Total
Current Assets |
589.280 |
1555.515 |
164.963 |
|
|
|
|
|
|
TOTAL |
3017.575 |
3018.952 |
711.930 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
274.798 |
79.470 |
NA |
|
|
Other Income |
73.907 |
103.947 |
NA |
|
|
TOTAL
|
348.705 |
183.417 |
NA |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
793.144 |
216.044 |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(444.439) |
(32.627) |
NA |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
71.209 |
0.990 |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(515.648) |
(33.617) |
(5.271) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(515.648) |
(33.617) |
(6.071) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
20.881 |
2.813 |
0.000 |
|
|
TOTAL
EARNINGS |
20.881 |
2.813 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(1.98) |
(0.25) |
(0.57) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(187.65) |
(42.30) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(17.12) |
(1.51) |
(0.74) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.25) |
(0.01) |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.22 |
0.11 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.88 |
9.81 |
20.62 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
710.000 |
2610.000 |
2610.000 |
|
Reserves & Surplus |
(6.072) |
(39.688) |
(555.337) |
|
Net
worth |
703.928 |
2570.312 |
2054.663 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
290.000 |
290.000 |
|
Short term borrowings |
0.000 |
0.000 |
155.000 |
|
Total
borrowings |
0.000 |
290.000 |
445.000 |
|
Debt/Equity
ratio |
0.000 |
0.113 |
0.217 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
79.470 |
274.798 |
|
|
|
245.788 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
79.470 |
274.798 |
|
Profit |
(33.617) |
(515.648) |
|
|
(42.30%) |
(187.65%) |
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last one year |
Yes |
|
12) Profitability for last two years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
Note
The Registered office of the company has been shifted from Plot No.97, 3rd Floor, Sector-44, Gurgaon – 122002, Haryana to the present address w.e.f. 02.09.2013.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Working capital loans from banks |
155.000 |
0.000 |
|
|
|
|
|
Total |
155.000 |
0.000 |
GENERAL INFORMATION
AISIN Automotive Haryana Private Limited was incorporated on December 22, 2011 with the object to carry on business of manufacturing including trading, design, production, processing, fabrication, assembling, reparing, alteration, buying, importing, marketing, exporting, engineering, selling of Automotive components including engines, body, drive train, brake, chases related products and otherwise dealing in all kinds of automotive components of all type of automobiles including jigs and dies. The Company is a subsidiary of Aisin Seiki Company Limited Japan
OPERATION
The Company has started trail production of automotive parts in month of July 2013 even the mass production has been started in December 2013 for Honda and Maruti Suzuki passenger car, during the year company has produced No 1,382,865 automotive components and out of this company has sold no 1,366,822 in domestic and overseas customer.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS:
Tangible Assets:
·
Land
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
Intangible Assets:
·
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.62.43 |
|
|
1 |
Rs.95.01 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ART |
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 |
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 |
|
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 |
|
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.