MIRA INFORM REPORT
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Report No. : |
301707 |
|
Report Date : |
06.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
STARION INDIA PRIVATE LIMITED |
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|
Registered
Office : |
2nd Floor, 43 Poorvi Marg, Vasant Vihar, New Delhi - 110057 |
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Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
11.07.2001 |
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Com. Reg. No.: |
55-111632 |
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Capital
Investment / Paid-up Capital : |
Rs. 304.889 Millions |
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CIN No.: [Company Identification
No.] |
U31909DL2001PTC111632 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAFCS4674J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Selling of Electronic Parts, Washing Machines and Refrigerators. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. The rating takes into consideration company’s sound operational risk
profile marked by adequate financial base and fair liquidity position of the
company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for 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
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 DECLINED BY
|
Name : |
Mr. Madan Mohan Singh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9650509019 |
|
Date : |
05.01.2015 |
LOCATIONS
|
Registered Office : |
2nd Floor, 43 Poorvi Marg, Vasant Vihar, New Delhi – 110057, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9650509019 [Mr. Madan Mohan Singh] |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Corporate Office : |
11, Udyog Kendra, Greater Noida, Gautam Budh Nagar - 201306, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2935091/ 92 |
|
Fax No.: |
91-120-2351110 |
|
|
|
|
Factory : |
Plot No. A6/1, MIDC, Ranjangaon, Nagar Road, Pune - 412220, Maharashtra, India |
|
Tel. No.: |
91-2138-672009 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Hyunsoo Kim |
|
Designation : |
Director |
|
Address : |
D-125, Second Floor, Anand Niketan, New Delhi – 110021, India |
|
Date of Birth/Age : |
14.10.1967 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
02221725 |
|
|
|
|
Name : |
Hyun Jin Jo |
|
Designation : |
Director |
|
Address : |
A-3, Bramha Sun City, Survey No. 7/1, Vadgaon Sheri, Pune – 411014,
Maharashtra, India |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
03415304 |
KEY EXECUTIVES
|
Name : |
Mr. Madan Mohan Singh |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Mr. Shamsher Singh |
|
Designation : |
Secretary |
|
Address : |
C-10S, Delhi Police Apartment, Mayur PHI, Delhi – 110092, India |
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Date of Birth/Age : |
07.02.1972 |
|
Date of Appointment : |
18.05.2009 |
|
PAN No.: |
AOAPS5954B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Sungchull Manufacturing Company Limited, South Korea |
17962956 |
58.92 |
|
Kiwon Co. Limited, South Korea |
11715756 |
38.43 |
|
Starion Co. Limited, South Korea |
810200 |
2.66 |
|
|
|
|
|
Total |
30488912 |
100.00 |
AS ON 30.09.2014
|
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 and Selling of Electronic Parts, Washing Machines and Refrigerators. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· Shinhan Bank 3rd Floor D-6 South Extension Part-II, Ring Road, New Delhi - 110049, Delhi, India · ICICI Bank Limited · Axis Bank Limited · Punjab National Bank · Chinatrust Commercial Bank · State Bank of India ·
Choheong Bank |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
T. R. Chadha and Company Chartered Accountants |
|
Address : |
B-30, Connaught Place, Kuthiala Building, New Delhi –
110001, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFT1655Q |
|
|
|
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Holding Company : |
Sungchull Mfg. Co.
Limited, South Korea |
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Fellow Subsidiaries : |
· Hana Co. Limited · Starion Co. Limited · Starion (Huizhou) Electronics Co. Limited · Starion PT. Woo In. ·
Ki-Won Co. Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 350.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,488,912 |
Equity Shares |
Rs. 10/- each |
Rs. 304.889 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 |
304.889 |
304.889 |
304.889 |
|
(b) Reserves & Surplus |
382.930 |
306.452 |
230.595 |
|
(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) |
687.819 |
611.341 |
535.484 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
240.399 |
326.345 |
307.082 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
7.792 |
6.206 |
4.657 |
|
Total
Non-current Liabilities (3) |
248.191 |
332.551 |
311.739 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
172.663 |
|
(b)
Trade payables |
873.075 |
763.082 |
422.298 |
|
(c)
Other current liabilities |
237.390 |
672.693 |
948.000 |
|
(d)
Short-term provisions |
5.549 |
4.861 |
4.282 |
|
Total
Current Liabilities (4) |
1116.014 |
1440.636 |
1547.243 |
|
|
|
|
|
|
TOTAL |
2052.024 |
2384.528 |
2394.466 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1146.262 |
1390.682 |
1507.633 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
31.187 |
|
(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) |
83.617 |
63.847 |
26.617 |
|
(d) Long-term Loan and
Advances |
75.877 |
104.800 |
136.815 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1305.756 |
1559.329 |
1702.252 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
362.238 |
302.073 |
282.290 |
|
(c)
Trade receivables |
253.016 |
349.092 |
259.288 |
|
(d)
Cash and cash equivalents |
39.412 |
101.229 |
78.479 |
|
(e)
Short-term loans and advances |
89.926 |
71.224 |
70.380 |
|
(f)
Other current assets |
1.676 |
1.581 |
1.777 |
|
Total
Current Assets |
746.268 |
825.199 |
692.214 |
|
|
|
|
|
|
TOTAL |
2052.024 |
2384.528 |
2394.466 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover [Net] |
7755.015 |
8177.916 |
6648.151 |
|
|
|
Other Income |
14.214 |
6.545 |
5.116 |
|
|
|
TOTAL |
7769.229 |
8184.461 |
6653.267 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
7650.597 |
8070.235 |
6676.814 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
118.632 |
114.226 |
(23.547) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
42.154 |
38.369 |
(27.985) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
76.478 |
75.857 |
4.438 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
306.452 |
230.595 |
226.157 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
382.930 |
306.452 |
230.595 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
2.51 |
2.49 |
0.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.99 |
0.93 |
0.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.03 |
4.92 |
(1.01) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.19 |
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.35 |
0.53 |
0.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.67 |
0.57 |
0.45 |
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 |
304.889 |
304.889 |
304.889 |
|
Reserves & Surplus |
230.595 |
306.452 |
382.930 |
|
Net
worth |
535.484 |
611.341 |
687.819 |
|
|
|
|
|
|
Long-term borrowings |
307.082 |
326.345 |
240.399 |
|
Short term borrowings |
172.663 |
0.000 |
0.000 |
|
Total
borrowings |
479.745 |
326.345 |
240.399 |
|
Debt/Equity ratio |
0.896 |
0.534 |
0.350 |
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) |
|
Turnover [Net] |
6648.151 |
8177.916 |
7755.015 |
|
|
|
23.010 |
(5.171) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Turnover [Net] |
6648.151 |
8177.916 |
7755.015 |
|
Profit |
4.438 |
75.857 |
76.478 |
|
|
0.07% |
0.93% |
0.99% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
120.223 |
0.132 |
307.078 |
|
|
|
|
|
|
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 |
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 |
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 |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
LITIGATION
DETAILS
IN THE HIGH COURT OF DELHI AT NEW DELHI
13.
ITA 327/2010
COMMISSIONER OF INCOME TAX
..... Appellant
Through: Ms. Sonia Mathur,
Adv.
versus
STARION INDIA PVT LTD .....
Respondent
Through: None
CORAM:
HON'BLE THE CHIEF JUSTICE
HON'BLE MR. JUSTICE MANMOHAN
O R D E R
09.08.2010
The present appeal preferred under
Section 260A of the Income Tax Act, 1961 is admitted on the following
substantial questions of law:
(i) Whether there was any
material before the first and second appellate authorities to hold that ‘Cost
Plus Method’ was the most appropriate method for determination of arm’s length
price in the case of assesse.
(ii) Whether on a correct
interpretation of the relevant statutory provisions, an asessee would be
entitled to change the ‘Most Appropriate Method’ for determination of ‘arm’s
length price’ as stated in the statutory Form 3CEB filed with the return of
income without any justification?
ITA No. 327/2010 Page 1 of 2
Issue notice.
Filing of paper books stands
dispensed with.
CHIEF JUSTICE
MANMOHAN, J
AUGUST 09, 2010
pk
ITA No. 327/2010 Page 2 of 2
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10343441 |
23/02/2012 |
240,000,000.00 |
SHINHAN BANK |
MERCANTILE HOUSE,
UPPER GROUND FLOOR,, 15, KASTUR |
B35553270 |
|
2 |
10255427 |
03/08/2013 * |
331,500,000.00 |
SHINHAN BANK |
3RD FLOOR D-6 SOUTH
EXTENSION PART-II, RING ROAD, |
B82935578 |
|
3 |
10251767 |
02/08/2013 * |
331,500,000.00 |
SHINHAN BANK |
3RD FLOOR D-6 SOUTH
EXTENSION PART-II, RING ROAD, |
B82935107 |
|
4 |
10221760 |
12/04/2010 |
70,000,000.00 |
SHINHAN BANK |
MERCANTILE HOUSE, UPPER GROUND FLOOR, 15, KASTURBA GANDHI MARG,, NEW DELHI, DELHI - 110001, INDIA |
A86166048 |
|
5 |
10205771 |
05/03/2010 |
70,000,000.00 |
SHINHAN BANK |
MERCANTILE HOUSE, UPPER GROUND FLOOR,, 15, KASTURBA GANDHI MARG, NEW DELHI, DELHI - 110001, INDIA |
A80124282 |
|
6 |
10096007 |
30/03/2008 |
40,000,000.00 |
L G ELECTRONICS INDIA PRIVATE LIMITED |
PLOT NO-51 UDYAG VIHAR,
SURAJPUR KASNA ROAD, GREATER NOIDA, UTTAR PRADESH, UTTAR PRADESH -
201306, |
A35768605 |
|
7 |
10007988 |
08/06/2006 |
1,349,000.00 |
GENERAL MANAGER |
DISTRICT INDUSTRIES CENTER, NAHAN, HIMACHAL PRADESH - 173001, INDIA |
A01962489 |
|
8 |
80000628 |
03/03/2006 * |
8,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
- |
|
9 |
90050467 |
24/05/2004 * |
35,000,000.00 |
CHINATRUST COMMERCIAL BANK |
21-A; JANPATH, NEW DELHI, DELHI, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Term loans from banks |
240.399 |
326.334 |
|
Term loans from others |
0.000 |
0.011 |
|
|
|
|
|
Total |
240.399 |
326.345 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from E-64, Vasant
Marg, Vasant Vihar, New Delhi – 110014, India to the present address
w.e.f.13.10.2012.
WORKING
The Company have achieved a turnover of Rs. 7755.000
Millions during the year as against Rs. 8177.900 Millions during the last
financial year. The Directors expect to do achieve much better growth in
business in the year to follow. The Company had a profit after tax of Rs.
76.400 Millions during the current year as against profit of Rs. 75.800
Millions.
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Computer equipments
· Office equipment
· Other equipments
· Bridges roads ports culverts
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. 63.39 |
|
|
1 |
Rs. 96.85 |
|
Euro |
1 |
Rs. 75.67 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.