MIRA INFORM REPORT
|
Report No. : |
307119 |
|
Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
DENSO HARYANA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-1/D-4, Ground Floor, Mohan Co-Operative Industrial Estate, Mathura Road,
New Delhi - 110044 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
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Date of
Incorporation : |
21.08.1997 |
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Com. Reg. No.: |
55-089205 |
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Capital
Investment / Paid-up Capital : |
Rs. 2359.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1997PTC089205 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AAACD6817F |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Automotive Components. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 11000000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of a loss incurred by the company
during FY2014. Borrowings recorded by the company are increasing. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
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 : |
B-1/D-4, Ground Floor, Mohan Co-Operative Industrial Estate, Mathura
Road, New Delhi – 110044, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Factory 1: |
Plot No.3, Sector-3, IMT-Manesar, Gurgaon – 122050, Haryana, India |
|
Tel. No.: |
91-124-4803200 |
|
Fax No.: |
91-124-4803201 |
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|
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Factory 2 : |
Industrial Plot No. 2, Industrial Plotted Colony, Dadri-Toe,
Bir-Dadri, Jhajjhar – 124103, Haryana, India |
|
Tel. No.: |
91-1251-290600 |
|
Fax No.: |
91-1251-290690 |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Hideto Naito |
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|
Designation : |
Managing director |
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|
Address : |
601, Sapphire Courts, Essel Towers, Mg Road, Gurgaon, Gurgaon - 122002, Haryana, India |
||||||||||||||||
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Date of Birth/Age : |
56 Years |
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|
Qualification : |
Engineer Bachelor Metorgy |
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Experience : |
31 Years |
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Date of Appointment : |
23.09.2009 |
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DIN No.: |
02690647 |
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Other Directorship :
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Name : |
Mr. Shyamal Chakraborti |
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|
Designation : |
Director |
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|
Address : |
1825-A, Sector-B, Pocket-1, VasantKunj, New Delhi - 110070, India |
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Date of Birth/Age : |
10.01.1956 |
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Date of Appointment : |
26.09/2014 |
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PAN No.: |
AAAPC0024E |
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DIN No.: |
06807904 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mrs. Urvashi Bansal |
|
Designation : |
Secretary |
|
Address : |
1/9090, Gali No. 3, West Rohtash Nagar, Delhi- 110032, India |
|
Date of Appointment : |
01.07.2014 |
|
PAN No.: |
AIVPN0642A |
|
|
|
|
Name : |
Masahiko Kudo |
|
Designation : |
General Manager |
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|
|
|
Name : |
Hachiro Shibata |
|
Designation : |
Managing Executive Officer |
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|
|
|
Name : |
Takashi Hashimoto |
|
Designation : |
General Manager (Production - Ecu) |
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|
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|
Name : |
Ryoji Yamauchi |
|
Designation : |
Senior General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Denso Corporation, Japan |
|
235934985 |
|
Denso International Asia Pte Limited, Singapore |
|
20 |
|
|
|
|
|
Total |
|
235935005 |
AS ON 26.09.2014
|
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 : |
Manufacturing of Automotive Components. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
-- |
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Countries : |
-- |
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Terms : |
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Selling : |
-- |
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Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Building 10, Tower B, DLF Cyber City Complex,
DLF City Phase Il, Gurgaon, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AEDPJ4983L |
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Holding company : |
Denso Corporation, Japan |
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|
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|
Fellow Subsidiary
company : |
· Anden Company Limited · Anden Thailand Company Limited · ASMO Company Limited · Denso (China) Investment Co. Limited · Denso (Guangzhou Nansha) Company Limited · Denso (Thailand) Company Limited · Denso E & TS Training Centre Consulting · Denso India Limited · Denso International Asia Company Limited · Denso International Asia Pte. Limited · Denso International India Private Limited · Denso Kirloskar Industries Private Limited [U34300KA1998PTC023708] · Denso Korea Automotive Corporation · Denso Malaysia Sdn Bhd · Denso Manufacturing Tn Inc · Denso Manufacturing Vietnam Company Limited · Denso Poongsung Corporation · Denso Subros Thermal Engineering Centre India Limited · Denso Thailand Company Limited · Denso Thermal Systems Pune Private Limited [U29192PN1998PTC137017] · Denso Tool & Die (Thailand) Company Limited · Denso Unity Service Corporation · Denso Wave Incorporated · Hamaden Vietnam Company Limited · Hamanako Denso Company Limited · Nippon Wiper Blade (M) Sdn. Bhd. · P.T. Denso Sales Indonesia · P.T. Denso Indonesia · P.T. Asmo Indonesia · Siam Denso Manufacturing Company Limited · Siam Kyosan Denso Company Limited · Tian Jin Asmo Automotive Small Motor Company · Tianjin Denso Electronics Company Limited · Denso Do Brasil Ltda. · Denso Guangzhou Company Limited · Denso Sales (Thailand) Company Limited · Denso Taiwan Corporation · Philippine Auto Components Inc. |
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·
|
CAPITAL STRUCTURE
AS ON 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
240,010,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2400.100 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
235,935,005 |
Equity Shares |
Rs. 10/- each |
Rs. 2359.350 Millions |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
240,010,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2400.100 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
235,900,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2359.000 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 |
2359.000 |
2049.000 |
2049.000 |
|
(b) Reserves & Surplus |
1522.000 |
2804.000 |
2494.000 |
|
(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) |
3881.000 |
4853.000 |
4543.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
3800.000 |
2300.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
36.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
28.000 |
23.000 |
17.000 |
|
Total
Non-current Liabilities (3) |
3828.000 |
2359.000 |
17.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
2325.000 |
654.000 |
0.000 |
|
(b)
Trade payables |
2464.000 |
2107.000 |
1303.000 |
|
(c)
Other current liabilities |
373.000 |
336.000 |
218.000 |
|
(d)
Short-term provisions |
60.000 |
198.000 |
898.000 |
|
Total
Current Liabilities (4) |
5222.000 |
3295.000 |
2419.000 |
|
|
|
|
|
|
TOTAL |
12931.000 |
10507.000 |
6979.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
6079.000 |
2642.000 |
2333.000 |
|
(ii)
Intangible Assets |
167.000 |
979.000 |
217.000 |
|
(iii)
Capital work-in-progress |
602.000 |
1559.000 |
232.000 |
|
(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 |
41.000 |
|
(d) Long-term Loan
and Advances |
321.000 |
277.000 |
1573.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
7169.000 |
5457.000 |
4396.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2287.000 |
1610.000 |
986.000 |
|
(c)
Trade receivables |
1796.000 |
1427.000 |
525.000 |
|
(d)
Cash and cash equivalents |
631.000 |
1532.000 |
874.000 |
|
(e)
Short-term loans and advances |
1006.000 |
457.000 |
178.000 |
|
(f)
Other current assets |
42.000 |
24.000 |
20.000 |
|
Total
Current Assets |
5762.000 |
5050.000 |
2583.000 |
|
|
|
|
|
|
TOTAL |
12931.000 |
10507.000 |
6979.000 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
14125.000 |
10689.000 |
7064.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
15160.000 |
9587.000 |
5665.000 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(1035.000) |
1102.000 |
1399.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
728.000 |
418.000 |
299.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(1763.000) |
684.000 |
1100.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(36.000) |
247.000 |
370.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(1727.000) |
437.000 |
730.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
743.000 |
310.000 |
73.443 |
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(7.32) |
2.13 |
3.56 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.30) |
7.64 |
16.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.45) |
0.14 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.58 |
0.61 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10 |
1.53 |
1.07 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
2049.000 |
2049.000 |
2359.000 |
|
Reserves & Surplus |
2494.000 |
2804.000 |
1522.000 |
|
Net
worth |
4543.000 |
4853.000 |
3881.000 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
2300.000 |
3800.000 |
|
Short term borrowings |
0.000 |
654.000 |
2325.000 |
|
Total
borrowings |
0.000 |
2954.000 |
6125.000 |
|
Debt/Equity
ratio |
0.000 |
0.609 |
1.578 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
7064.000 |
10689.000 |
14125.000 |
|
|
|
51.317 |
32.145 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
7064.000 |
10689.000 |
14125.000 |
|
Profit/ (Loss) |
730.000 |
437.000 |
(1727.000) |
|
|
10.33% |
4.09% |
(12.23%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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
three years |
Yes |
|
12] |
Profitability for last
three 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 |
No |
|
24] |
Banking facility details |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
3800.000 |
2300.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
1100.000 |
100.000 |
|
Other loans and advances |
1225.000 |
554.000 |
|
|
|
|
|
Total |
6125.000 |
2954.000 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from The Capital Court,
3rd Floor, Left Wing, Olof Palme Marg, Munirka, Delhi – 110067, India to the
present address w.e.f.31.07.2010.
BACKGROUND
Subject was incorporated on 21 August 1999 as a wholly owned subsidiary
of Denso Corporation, Japan. The Company is engaged in the business of
manufacturing of automotive components and primarily sells to Original
Equipment Manufacturers in India and abroad. The Company has a manufacturing
plant at Manesar and Jhajjar, Haryana.
SALES AND
PROFITABILITY
Gross Sales of the Company for the financial year ended 31st March, 2014 is Rs.15545.000 millions including Excise duty of Rs.1673.000 millions. The other income of the Company is Rs.253.000 millions.
During the year the Companies net Loss after tax is Rs.
1727.000 millions as compared to last year profit after Rs.437.000 millions.
BUSINESS, EXPANSION
ACTIVITIES
The Company has started its operations at Jhajjar in the
Plant-II of the Company. The new business of the Company for manufacture of products
is being carried on from Plant-II.
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Other equipments
· Goodwill
· Computer software
·
Know-how
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. 62.14 |
|
|
1 |
Rs. 95.78 |
|
Euro |
1 |
Rs. 71.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.