MIRA INFORM REPORT
|
Report Date : |
03.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
HESS CONCRETE MACHINERY INDIA PRIVATE LIMITED |
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Registered
Office : |
No. 54, Bommasandra Jigani Link Road, Bommasandra Industrial Area, 4th
Phase, Bangalore – 560099, Karnataka |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
11.09.2009 |
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Com. Reg. No.: |
08-050912 |
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Capital
Investment / Paid-up Capital : |
Rs.2.846 Millions |
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|
|
CIN No.: [Company Identification
No.] |
U29300KA2009PTC050912 |
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TIN No.: |
Not Available |
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IEC No.: |
0710000332 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCH2661K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Importer of Block Machine. |
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No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 68000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Hess GmbH, Germany. It is an established
company having moderate track. Management has failed to file latest financials for FY 2014, with the
statutory authorities. As per the financial statements confirmed by Mr. Raghu Muniratnam,
Accounts manager the company has successfully wiped off its accumulated
losses during 2013. The performance of the company has improved, marked by an increase in
its net profitability and a decent profit margin position reported during the
year under review. Trade relations seems to be fair. Business is active. Payment terms
are unknown. In view of lack of latest financials, the company can be considered
for business dealing with 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Raghu Muniratnam |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9900050610 |
|
Date : |
01.01.2015 |
LOCATIONS
|
Registered Office / Factory / Branch Office : |
No. 54, Bommasandra Jigani Link Road, Bommasandra Industrial Area, 4th
Phase, Bangalore – 560099, Karnataka, India |
|
Tel. No.: |
91-80-49050600 |
|
Mobile No.: |
91-9900050610 (Mr. Raghu Muniratnam) |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
Rented |
|
Location : |
17974 Sq. Ft |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Manoj Pillai Kumar |
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|
Designation : |
Director |
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|
Address : |
Thoppil Mattom South, Thattaarampalam P.O., Mavelikkara, Alappuzha –
690103, Kerala, India |
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Date of Birth/Age : |
19.05.1970 |
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Qualification : |
BBA |
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Date of Appointment : |
11.09.2009 |
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DIN No.: |
02681586 |
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Other Directorship:
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Name : |
Mr. Ralf Oskar Beier |
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|
Designation : |
Director |
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Address : |
Schoene Breide, 3, Duelmen NRW, Germany - 48249 |
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Date of Birth/Age : |
30.11.1975 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
04.09.2010 |
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DIN No.: |
03483659 |
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KEY EXECUTIVES
|
Name : |
Mr. Raghu Muniratnam |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Hess GmbH, Germany |
279578 |
98.24 |
|
Manoj Pillai Kumar |
5000 |
1.76 |
|
Total |
284578 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
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 |
98.24 |
|
Directors or relatives of Directors |
1.76 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Block Machine. |
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Products : |
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Brand Names : |
“HESS MACHINE” |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS (As on 31.03.2013)
|
Particulars |
Installed
Capacity |
Actual
Production |
|
Concrete Block Making Machine |
7 Projects |
10 Projects |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
40 (Approximately) |
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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 : |
Varma and Varma Chartered Accountants |
|
Address : |
No.424, 4th C, Main 6 Cross OMBR Layout, Banaswadi, Bangalore
– 560043, Karnataka, India |
|
Tel. No.: |
91-80-42444999 |
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Fax No.: |
91-80-42444900 |
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E-Mail : |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
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Enterprise under common Control : |
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CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
Issued, Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
284578 |
Equity Shares |
Rs.10/- each |
Rs.2.846
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.846 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
21.039 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
23.885 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
33.233 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
33.233 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
|
57.118 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
57.994 |
|
|
Capital work-in-progress |
|
|
2.263 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
65.311 |
|
|
Sundry Debtors |
|
|
32.204 |
|
|
Cash & Bank Balances |
|
|
0.362 |
|
|
Other Current Assets |
|
|
1.204 |
|
|
Loans & Advances |
|
|
9.060 |
|
Total
Current Assets |
|
|
108.141
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
107.436 |
|
|
Provisions |
|
|
3.844 |
|
Total
Current Liabilities |
|
|
111.280 |
|
|
Net Current Assets |
|
|
(3.139) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
57.118 |
|
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.500 |
2.500 |
|
(b) Reserves & Surplus |
|
(1.763) |
(8.804) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Advance against Share Capital |
|
10.962 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
11.699 |
(6.304) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.379 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.379 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
10.962 |
|
(b) Trade
payables |
|
41.117 |
14.550 |
|
(c) Other
current liabilities |
|
43.377 |
32.586 |
|
(d) Short-term
provisions |
|
1.412 |
0.000 |
|
Total Current Liabilities
(4) |
|
85.906 |
58.098 |
|
|
|
|
|
|
TOTAL |
|
97.984 |
51.794 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
6.865 |
3.615 |
|
(ii)
Intangible Assets |
|
0.272 |
0.312 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
2.379 |
0.000 |
|
(d) Long-term Loan and Advances |
|
10.302 |
2.792 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
19.818 |
6.719 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
61.230 |
10.087 |
|
(c) Trade
receivables |
|
4.690 |
4.237 |
|
(d) Cash
and cash equivalents |
|
9.755 |
7.759 |
|
(e)
Short-term loans and advances |
|
2.355 |
22.872 |
|
(f) Other current
assets |
|
0.136 |
0.120 |
|
Total
Current Assets |
|
78.166 |
45.075 |
|
|
|
|
|
|
TOTAL |
|
97.984 |
51.794 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
180.221 |
13.411 |
29.087 |
|
|
|
Other Income |
1.455 |
NA |
NA |
|
|
|
TOTAL (A) |
181.676 |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Materials |
|
|
|
|
|
|
Cost of Goods |
10.988 |
|
|
|
|
|
Administrative Expenses |
15.433 |
|
|
|
|
|
Manufacturer Expenses |
1.217 |
|
|
|
|
|
Other Expenses |
18.163 |
|
|
|
|
|
TOTAL (B) |
166.335 |
12.853 (Including
Financial Expenses) |
34.150 (Including
Financial Expenses) |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
15.341 |
|
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.726 |
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.615 |
6.270 |
(5.063) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.910 |
0.647 |
0.406 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
12.705 |
5.623 |
(5.469) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.518 |
(1.418) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
12.187 |
7.041 |
(5.469) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(6.182) |
(13.223) |
(7.754) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
6.005 |
(6.182) |
(13.223) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials / Machinery and components |
NA |
101.982 |
6.902 |
|
|
|
Capital Goods |
NA |
0.000 |
0.883 |
|
|
TOTAL IMPORTS |
NA |
101.982 |
7.785 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
42.82 |
28.16 |
(22.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
6.76 |
52.50 |
(18.80) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.51 |
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.65 |
5.88 |
(10.56) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.53 |
0.48 |
0.87 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.39 |
0.00 |
-1.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97 |
0.91 |
0.78 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
2.500 |
2.500 |
2.846 |
|
Reserves & Surplus |
(8.804) |
(1.763) |
21.039 |
|
Money
received against share warrants |
0.000 |
10.962 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(6.304) |
11.699 |
23.885 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
33.233 |
|
Short Term borrowings |
10.962 |
0.000 |
0.000 |
|
Total
borrowings |
10.962 |
0.000 |
33.233 |
|
Debt/Equity
ratio |
(1.739) |
0.000 |
1.391 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
29.087 |
13.411 |
180.221 |
|
|
|
(53.893) |
1,243.830 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
29.087 |
13.411 |
180.221 |
|
Profit |
(5.469) |
7.041 |
12.187 |
|
|
(18.80%) |
52.50% |
6.76% |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
SHORT TERM BORROWINGS |
|
|
|
Advances from related parties towards services |
0.000 |
10.962 |
|
Total |
0.000 |
10.962 |
TRADE REFERENCES
- KJS Concrete Private Limited, New Delhi (Mr. Vineet Raj – 91-8860077003)
- Jindal Steel and Power Limited, Angul Orissa (Mr. Ramakrishna – 91-9777446087)
- JK Lakshmi Cement Limited, New Delhi (Mr. Pankaj Koityal – 91-8287532227)
- Lafarge, Kolkatta (Mr. Sujeet Choudary – 91-9748748569)
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10426934 |
28/03/2013 |
1,200,000.00 |
Punjab Natiional Bank |
Cantonment Branch, No.143, Commercial Street, Bangalore, Karnataka - 560001, India |
B75551804 |
|
2 |
10411189 |
23/01/2013 |
31,800,000.00 |
Punjab National Bank |
Cantonment Branch, No.143, Commercial Street, Bangalore, Karnataka - 560001, India |
B70584156 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.63.29 |
|
|
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
31 |
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.