MIRA
INFORM REPORT
|
Report No. : |
308115 |
|
Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
TOKAI IMPERIAL RUBBER INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
202-203, Kushal Bazar, 32-33, |
|
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
18.11.2005 |
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|
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Com. Reg. No.: |
55-142682 |
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Capital Investment
/ Paid-up Capital : |
Rs.246.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25191DL2005PTC142682 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCT4094J |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in manufacturing of rubber hose, Automobile and IT Components. |
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No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 586000 |
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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 a part “TOKAI RUBBER INDUSTRIES LIMITED”. It is an established company having moderate track record. There seems some accumulated losses recorded by the company during
financial year 2014. However, trade relations are 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
|
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 : |
202-203, Kushal Bazar 32-33, Nehru Place, New Delhi - 110019, India. |
|
Tel. No.: |
91-1275-262102 |
|
Fax No.: |
91-1275-262106 |
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E-Mail : |
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Website : |
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Corporate Office 1 : |
45 Miles Stone VPO Prithla Delhi-Mathura Road, District-Palwal,
Faridabad- 121102, Haryana, India |
|
Tel. No.: |
91-1275-262103 / 262102 / 262105 |
|
Fax No.: |
91-1275-262106 |
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|
Corporate Office
2 : |
Plot No. 94, Sector 25, Faridabad - 121004, Haryana, India |
|
Tel. No.: |
91-129-2233281/ 2231148/ 2232993 |
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Fax No.: |
91-129-2441028 |
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Branch Office : |
Sy No. 65, No. 48-D, KIADB Industrial Area Yellapura Village, Doddaballapura, District Bangalore Rural – 561203, Karnataka, India |
|
Tel. No.: |
91-80-2763-0025 |
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Fax No.: |
91-80-2763-0040 |
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|
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Overseas Office : |
Located at: ¨ North America ¨ Europe ¨ China ¨ Asia Nations |
DIRECTORS
AS ON 24.07.2014
|
Name : |
Mr. Sham Bihari Sardana |
|
Designation : |
Director |
|
Address : |
D-99, Panchsheel Enclave, New Delhi - 110019, India |
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Date of Birth/Age : |
21.03.1944 |
|
Date of Appointment : |
18.11.2005 |
|
DIN No.: |
00109418 |
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|
|
|
Name : |
Mr. Jagjit Singh Lamba |
|
Designation : |
Director |
|
Address : |
House No -9 Sector -18 A, Faridabad, Haryana, India |
|
Date of Birth/Age : |
15.09.1938 |
|
Date of Appointment : |
18.11.2005 |
|
DIN No.: |
00109439 |
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|
Name : |
Mr. Junichi Yamada |
|
Designation : |
Managing Director |
|
Address : |
RM 204, 1-36-4, Gonaka, Komaki City, Aichi Prefecture-4850033, Japan |
|
Date of Birth/Age : |
27.11.1962 |
|
Date of Appointment : |
14.02.2013 |
|
DIN No.: |
02947784 |
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|
Name : |
Mr. Katsunori Kanaoka |
|
Designation : |
Director |
|
Address : |
7-14-22, Degawa, Kasugai City, Aichi Prefecture, Japan |
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Date of Birth/Age : |
31.01.1958 |
|
Date of Appointment : |
01.06.2011 |
|
Date of Cessation : |
28.11.2013 |
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DIN No.: |
03535231 |
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|
|
|
Name : |
Manav Sardana |
|
Designation : |
Director |
|
Address : |
D-99, Panchsheel Enclave, New Delhi - 110019, India |
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Date of Birth/Age : |
03.10.1971 |
|
Date of Appointment : |
19.09.2013 |
|
DIN No.: |
01749158 |
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|
|
|
Name : |
Masahiko Hanazaki |
|
Designation : |
Director |
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Address : |
Lions Mansion Hira – 201, 1-194, Hira, Nishi-ku, Nagoya, Shi, 23104, Japan |
|
Date of Birth/Age : |
06.06.1958 |
|
Date of Appointment : |
19.09.2013 |
|
DIN No.: |
06478596 |
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|
|
|
Name : |
Kenji Ryugo |
|
Designation : |
Managing Director |
|
Address : |
B-299, New Friends Colony, New Delhi – 110025, India |
|
Date of Birth/Age : |
27.11.1965 |
|
Date of Appointment : |
02.12.2013 |
|
DIN No.: |
06479329 |
|
Name : |
Shingo Goto |
|
Designation : |
Managing director |
|
Address : |
B-299, New Friends Colony, New Delhi – 110025, India |
|
Date of Appointment : |
24.07.2014 |
|
DIN No.: |
06754196 |
KEY EXECUTIVES
|
Name : |
Ms. Shweta Bhatia |
|
Designation : |
Secretary |
|
Address : |
H. No. 1471, E-Block, Sainik Colony, Sector – 49, Faridabad – 121001,
Haryana, India |
|
Date of Birth/Age : |
27.05.1987 |
|
Date of Appointment : |
16.03.2013 |
|
PAN No.: |
BPKPB4604P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.07.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Industries Rubber Tokai Limited, Japan |
147600 |
60.00 |
|
Industries Auto Imperial Limited, India |
98400 |
40.00 |
|
Total |
246000 |
100.00 |
AS ON 24.07.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
60.00 |
|
Bodies corporate |
40.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in manufacturing of rubber hose, Automobile and IT Components. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
1500 (Approximately) |
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Bankers : |
Bank of Tokyo |
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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 - II, Gurgaon-122002, Haryana, India |
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PAN.: |
AABFD2095B |
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Holding Company /
Ultimate Holding Company: |
Tokai Rubber Industries Limited, Japan |
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Entity in respect of
which the company is an associate : |
· Imperial Auto Industries Limited U74899DL1975PLC007737 · Tokai Rubber Auto Parts India Private Limited U25190KA2008PTC046147 |
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Enterprise that has
a member of key management personnel
in common : |
S.J. Rubber Industries Limited U25199DL2010PLC207562 |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
246000 |
Equity Shares |
Rs.1000/- each |
Rs.246.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
246000 |
Equity Shares |
Rs.1000/- each |
Rs.246.000 Millions |
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|
|
|
|
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 |
246.000 |
246.000 |
246.000 |
|
(b) Reserves & Surplus |
(41.164) |
(81.614) |
(159.295) |
|
(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) |
204.836 |
164.386 |
86.705 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
8.234 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
5.168 |
3.624 |
3.558 |
|
Total Non-current Liabilities (3) |
13.402 |
3.624 |
3.558 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
64.000 |
0.000 |
57.000 |
|
(b) Trade payables |
442.162 |
544.076 |
551.833 |
|
(c) Other current
liabilities |
26.997 |
24.897 |
20.945 |
|
(d) Short-term provisions |
1.633 |
8.714 |
0.340 |
|
Total Current Liabilities (4) |
534.792 |
577.687 |
630.118 |
|
|
|
|
|
|
TOTAL |
753.030 |
745.697 |
720.381 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
247.446 |
261.277 |
286.981 |
|
(ii) Intangible Assets |
1.622 |
1.734 |
2.490 |
|
(iii) Capital
work-in-progress |
8.604 |
9.126 |
29.432 |
|
(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 |
1.706 |
4.667 |
6.282 |
|
(e) Other Non-current assets |
2.047 |
17.524 |
18.368 |
|
Total Non-Current Assets |
261.425 |
294.328 |
343.553 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
270.254 |
193.139 |
194.115 |
|
(c) Trade receivables |
172.781 |
172.510 |
125.794 |
|
(d) Cash and cash
equivalents |
21.584 |
45.798 |
5.061 |
|
(e) Short-term loans and
advances |
23.392 |
30.118 |
45.180 |
|
(f) Other current assets |
3.594 |
9.804 |
6.678 |
|
Total Current Assets |
491.605 |
451.369 |
376.828 |
|
|
|
|
|
|
TOTAL |
753.030 |
745.697 |
720.381 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1289.602 |
1138.850 |
799.745 |
|
|
|
Other Income |
9.360 |
4.374 |
0.011 |
|
|
|
TOTAL |
1298.962 |
1143.224 |
799.756 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1177.410 |
980.751 |
710.003 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
121.552 |
162.474 |
89.762 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
60.690 |
65.507 |
63.324 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
60.862 |
96.967 |
26.438 |
|
|
|
|
|
|
|
|
|
|
TAX |
20.412 |
19.286 |
5.274 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
40.451 |
77.681 |
21.164 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
2.718 |
0.112 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
325.041 |
|
|
|
Stores & Spares |
NA |
NA |
76.629 |
|
|
|
Capital Goods |
NA |
NA |
25.371 |
|
|
TOTAL IMPORTS |
NA |
NA |
427.041 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
164.43 |
315.78 |
86.03 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
3.14 |
6.82 |
2.65 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
9.43 |
14.27 |
11.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.18 |
13.16 |
3.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.59 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.31 |
0.00 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92 |
0.78 |
0.60 |
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 |
246.000 |
246.000 |
246.000 |
|
Reserves & Surplus |
(159.295) |
(81.614) |
(41.164) |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
86.705 |
164.386 |
204.836 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
57.000 |
0.000 |
64.000 |
|
Total borrowings |
57.000 |
0.000 |
64.000 |
|
Debt/Equity ratio |
0.657 |
0.000 |
0.312 |
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) |
|
Sales |
799.745 |
1138.850 |
1289.602 |
|
|
|
42.402 |
13.237 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
799.745 |
1138.850 |
1289.602 |
|
Profit |
21.164 |
77.681 |
40.451 |
|
|
2.65% |
6.82% |
3.14% |
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 |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
four 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 |
Yes |
|
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 |
No |
|
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
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loan from bank |
64.000 |
0.000 |
|
|
|
|
|
Total |
64.000 |
0.000 |
RESULTS OF OPERATIONS
The standalone turnover for the year ended 31st March, 2014 stood at Rs. 1289.602 Millions against turnover of Rs. 1138.850 Millions in the previous year this figure indicates that sales increased by 13.3% compared to previous year sale .The Company earned Profit after tax of Rs. 40.451 Millions compared to Rs. 77.681 Millions in the previous year. During the year the expenditure of Company is Rs. 1177.410 Millions compared to Rs. 980.751 Millions in the previous year this figure indicates that expenditure is increased by 20% as compared to pervious year expenditure.
SEGMENT REPORTING OF
THE COMPANY
Based on the guiding principles given in Accounting Standard on "Segment Reporting" (AS-17) as notified by Companies (Accounting Standards) Rules, 2006, the Company's primary business segment involves in manufacturing of rubber hose. As the Company's business activity falls within a single primary business segment, "rubber hose" the disclosure requirements of AS-17 in this regard are not applicable. Further, there is no reportable secondary segment i.e., Geographical Segment.
FIXED ASSETS
- Land freehold
- Buildings
- Plant and Machinery
- Tools and dies
- Furniture and fixture
- Office Equipment
- Computers
- Motor vehicles
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
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS/SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
|
28 |
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.