MIRA INFORM REPORT
|
Report No. : |
301616 |
|
Report Date : |
05.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
BRIDGESTONE INDIA PRIVATE LIMITED (w.e.f. 2003) |
|
|
|
|
Formerly Known
As : |
BRIDGESTONE ACC INDIA LIMITED |
|
|
|
|
Registered
Office : |
Plot No.A-43, Phase II, MIDC Chakan Village Sawardari, Taluka Khed,
Pune – 410501, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation
: |
27.02.1996 |
|
|
|
|
Com. Reg. No.: |
11-147267 (New No.) 10-010548 (Old No.) |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7454.541
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25111PN1996PTC147267 (New No.) U25111MP1996PTC010548 (Old No.) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLB00992F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB2304E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Purchasing, Selling, Importing, Exporting and Dealing
of Tyres, Tubes Flaps and Other Rubber Goods. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (72) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is a subsidiary of BRIDGESTONE CORPORATION, JAPAN. It is a
well-established company having fine track record. The rating reflects healthy financial risk profile supported by
adequate liquidity position and fair profitability of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities=AAA |
|
Rating Explanation |
Highest degree of safety and carry lowest
credit risk. |
|
Date |
05.09.2013 |
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 DECLINED
Management Non Cooperative (91-7292-255021)/ (91-21-35671900)
LOCATIONS
|
Registered/ Head/ Sales Office/ Factory 1: |
Plot No.A-43, Phase II, MIDC Chakan Village Sawardari, Taluka Khed, Pune
– 410501, Maharashtra, India |
|
Tel. No.: |
91-21-35671900 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2: |
Plot No 12, Kheda Growth Centre Post, Sagore, Pithampur, District –
Dhar – 454 774, Madhya Pradesh, India |
|
Tel. No.: |
91-7292-423333/ 423423 |
|
Fax No.: |
91-7292-255039 |
|
|
|
|
Sales and Marketing Head Office : |
Plot No. 5/4, 5th Floor, Shalimar Onyx
(Mirchandani Park), Off Andheri Kurla Road, Sakinaka, Andheri (East), Mumbai
– 400072, Maharashtra, India |
|
Tel No.: |
91-22-42496400 |
|
Fax No.: |
91-22-42496400/ 28563426 |
|
E-Mail : |
DIRECTORS
As on 14.04.2014
|
Name : |
Tomio Fukuzumi |
|
Designation : |
Managing Director |
|
Address : |
Room No.243, Hyatt Regency, Weikfield IT Park Nagar Road, Pune –
411014, Maharashtra, India |
|
Date of Birth/Age : |
24.10.1965 |
|
Date of Appointment : |
29.03.2013 |
|
Email : |
|
|
DIN No.: |
06549425 |
|
|
|
|
Name : |
Mr. Ajay Vasudeo Sevekari |
|
Designation : |
Whole Time Director |
|
Address : |
103, Princess Landmark, Plot 21/12, Ratlam Kothy, |
|
Date of Birth/Age : |
08.05.1963 |
|
Qualification : |
BE (Chemical Engineering) and MBA |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
02006157 |
|
PAN No.: |
AREPS8025N |
|
|
|
|
Name : |
Tatsuo Nakamura |
|
Designation : |
Whole Time Director |
|
Address : |
Flat 1002, 10th Floor Water Front, Kalyani Nagar, Pune –
411014, |
|
Date of Birth/Age : |
12.08.1964 |
|
Qualification : |
Graduate, Waseda University, Japan |
|
Date of Appointment : |
01.09.2011 |
|
PAN No.: |
AMSPN2957M |
|
DIN No.: |
03606743 |
|
|
|
|
Name : |
Masahiro Niinuma |
|
Designation : |
Whole time Director |
|
Address : |
Apartment 4108, Citrus Hotel and Resorts Opposite PCMC Building
Pimpri, Pune – 411018, Maharashtra, India |
|
Date of Birth/Age : |
17.04.1964 |
|
Qualification : |
Graduate, Waseda University, Japan
|
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
ALMPN1590P |
|
DIN No.: |
05254466 |
KEY EXECUTIVES
|
Name : |
Mrs. Abha Jaiswal |
|
Designation : |
Secretary |
|
Address : |
132
Mahavir Nagar, |
|
Date of Birth/Age : |
30.08.1981 |
|
Date of Appointment : |
01.08.2005 |
|
PAN No.: |
AFWPJ4221K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 14.04.2014
|
Names of Shareholders |
|
No. of Shares |
|
Bridgestone
Asia Pacific Pte Limited, Singapore |
|
745454120 |
|
Fukuzumi |
|
10 |
|
|
|
|
|
Total |
|
745454130 |
Equity Share Break up (Percentage of Total Equity)
As on 14.04.2014
|
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, Purchasing, Selling, Importing, Exporting and Dealing
of Tyres, Tubes Flaps and Other Rubber Goods |
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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 Applicable |
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Imports : |
Not Applicable |
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Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management. |
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Bankers : |
· The Bank of Tokyo Mitsubishi Limited, Jeevan Prakash, SIR P. M. Road, Ford, Mumbai – 400001, Maharashtra, India
|
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Auditors : |
|
|
Name : |
Deloitte
Haskins and Sells Chartered
Accountants |
|
Address : |
3rd Floor, Tower
3, India Bulls, Finance Centre, Senapati Bapat Marg, Elphinstone (West),
Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-22854330/
66679000 |
|
Fax No.: |
91-22-22024499/
22024337/ 66679025 |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
·
Bridgestone Corporation, Japan |
|
|
|
|
Fellow Subsidiaries : |
|
CAPITAL STRUCTURE
After on 14.04.2014
Authorized Capital: Rs. 17.753 Millions
Issued, Subscribed & Paid-up Capital: Rs. 7.737
Millions
As on 31.12.2013
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1775300000 |
Equity Shares |
Rs.10/- each |
Rs.17753.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
745454130 |
Equity Shares |
Rs.10/- each |
Rs.7454.541
Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7454.541 |
6928.000 |
4803.000 |
|
(b) Reserves & Surplus |
15596.604 |
13715.602 |
6666.886 |
|
(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) |
23051.145 |
20643.602 |
11469.886 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
7396.005 |
4797.099 |
405.818 |
|
(b) Deferred tax liabilities (Net) |
481.100 |
287.900 |
311.900 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
331.898 |
120.145 |
44.233 |
|
Total Non-current
Liabilities (3) |
8209.003 |
5205.144 |
761.951 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
381.010 |
651.393 |
|
(b) Trade
payables |
1858.566 |
2236.007 |
2234.261 |
|
(c) Other
current liabilities |
2280.116 |
2751.431 |
1814.386 |
|
(d) Short-term
provisions |
81.103 |
210.485 |
71.682 |
|
Total Current
Liabilities (4) |
4219.785 |
5578.933 |
4771.722 |
|
|
|
|
|
|
TOTAL |
35479.933 |
31427.679 |
17003.559 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
23577.877 |
8045.033 |
8060.690 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2700.817 |
13725.471 |
3220.043 |
|
(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) |
245.986 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
364.373 |
444.563 |
853.403 |
|
(e) Other
Non-current assets |
0.000 |
213.895 |
17.578 |
|
Total Non-Current
Assets |
26889.053 |
22428.962 |
12151.714 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3368.221 |
3579.537 |
2692.749 |
|
(c) Trade
receivables |
2285.591 |
2238.519 |
1842.887 |
|
(d) Cash
and cash equivalents |
1161.404 |
1828.099 |
1.827 |
|
(e)
Short-term loans and advances |
1619.573 |
1346.239 |
313.499 |
|
(f) Other
current assets |
156.091 |
6.323 |
0.883 |
|
Total Current
Assets |
8590.880 |
8998.717 |
4851.845 |
|
|
|
|
|
|
TOTAL |
35479.933 |
31427.679 |
17003.559 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
19003.925 |
19602.400 |
15885.200 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
1281.626 |
2030.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
407.910 |
693.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
195.543 |
873.716 |
1336.800 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3916.916 |
2580.116 |
2580.116 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
4112.459 |
3916.916 |
3916.916 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Goods Exported |
9.215 |
5.750 |
4.805 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
4209.304 |
4836.056 |
3909.400 |
|
|
|
Components and Spare Parts |
0.000 |
0.000 |
58.608 |
|
|
|
Capital Goods |
2302.022 |
4484.365 |
521.036 |
|
|
|
Traded Goods |
2208.991 |
2766.205 |
0.000 |
|
|
|
Others |
198.253 |
117.766 |
0.000 |
|
|
TOTAL IMPORTS |
8918.57 |
12204.392 |
4489.044 |
|
|
|
|
|
|
|
|
|
|
Earnings per
share (Rs.) |
0.26 |
1.52 |
2.89 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.03 |
4.46 |
8.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
7.24 |
14.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.06 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.32 |
0.25 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.04 |
1.61 |
1.02 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
4803.000 |
6928.000 |
7454.541 |
|
Reserves & Surplus |
6666.886 |
13715.602 |
15596.604 |
|
Net
worth |
11469.886 |
20643.602 |
23051.145 |
|
|
|
|
|
|
long-term borrowings |
405.818 |
4797.099 |
7396.005 |
|
Short term borrowings |
651.393 |
381.010 |
0.000 |
|
Total
borrowings |
1057.211 |
5178.109 |
7396.005 |
|
Debt/Equity
ratio |
0.092 |
0.251 |
0.321 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
15885.200 |
19602.400 |
19003.925 |
|
|
|
23.400 |
(3.053) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
15885.200 |
19602.400 |
19003.925 |
|
Profit |
1336.800 |
873.716 |
195.543 |
|
|
8.42% |
4.46% |
1.03% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
487.527 |
331.874 |
556.876
|
|
|
|
|
|
|
Total |
487.527 |
331.874 |
556.876
|
|
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 |
Yes |
|
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 |
Yes |
|
LITIGATION DETAILS |
||||
|
Bench:- Bombay |
||||
|
Lodging No. : |
ARBAPL/850/2011 |
Failing Date:- |
30.07.2011 |
|
|
Petitioner:- |
KHANNA HOTELS PRIVATE LIMITED |
Respondent:- |
BRIDGESTONE INDIA PRIVATE LIMITED |
|
|
Petn.Adv:- |
SWAPNIL RANE (0) |
|
||
|
District:- |
MUMBAI |
|||
|
Bench:- |
SINGLE |
Category:- |
ARBITRATION APPLICATIONS |
|
|
Status:- |
Pre- Admission |
|
||
|
|
|
|||
|
Act. : |
Arbitration And Conciliation Act,1961 |
Under Section 11 |
||
NOTE:
The Registered office of the company has been
shifted from Plot No 12, Kheda Growth Centre Post, Sagore, Pithampur, District - Dhar
– 454 774, Madhya Pradesh, India, to the present address w.e.f. 22.04.2013.
REVIEW OF OPERATIONS
During the year 2013, The Company earned the total revenue of Rs. 19003.925 millions as against Rs.19020.248 millions during the previous financial year. EBIDTA was at Rs. 2124.914 millions as compared to Rs. 2075.946 millions during the previous financial year. The net profit for the year is Rs. 195.543 millions, as against Rs.873.716 millions in the previous financial year.
Changes in Capital
Structure
During the year 2013 the paid up capital of the Company has increased from Rs.6928.0000 millions to Rs.7454.5 millions by allotment of 52,654,130 equity shares of Rs.10/- each at a premium of Rs.32.01/- per equity share on dt.28.06.2013 to the existing member Bridgestone Asia Pacific Pte Limited. The present paid-up share capital of the Company is Rs.7,45,45,41,300 divided into 74,54,54,130 equity shares of face value Rs.10/- each and authorized share capital is Rs.17,753,000,000/- divided into 1,75,300,000 equity shares of Rs.10/- each.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As
on 31.12.2013 |
As
on 31.12.2012 |
|
Long Term Borrowing: |
|
|
|
Foreign Currency Term Loan From Banks |
3677.005 |
3677.099 |
|
Term Loan From Others |
3719.000 |
1120.000 |
|
|
|
|
|
Short Term Borrowing: |
|
|
|
Working Capital Loan From Others |
0.000 |
381.010 |
|
|
|
|
|
Total |
7396.005 |
5178.109 |
FIXED ASSETS
·
Leasehold Land
·
Freehold Land
· Building
· Plant and Machinery
· Office equipment
· Furniture and fixtures
· 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.63.29 |
|
|
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
72 |
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.