MIRA INFORM REPORT
|
Report No. : |
302314 |
|
Report Date : |
09.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
TEK COMPONENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. E-90, MIDC, Ranjangaon, Village-Karegaon, Shirur, Pune –
412208, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.04.1993 |
|
|
|
|
Com. Reg. No.: |
071707 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 16.601 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1993PTC071707 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Wire Connectors for Telecom Industry. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. The company has processed above average financial performance which
has resulted into profit achieved from its operational activities. Further
rating also takes into consideration company’s sound financial base and fair
liquidity profile 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 PARTED BY
|
Name : |
Mr. Mangesh Narkhedkar |
|
Designation : |
Senior Marketing and Sales Manager |
|
Contact No.: |
91-9763718583 |
|
Date : |
08.01.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. E-90, MIDC, Ranjangaon, Village-Karegaon, Shirur, Pune –
412208, Maharashtra, India |
|
Tel. No.: |
91-2038-612000 |
|
Mobile No.: |
91-9763718583 [Mr. Mangesh Narkhedkar] |
|
Fax No.: |
91-2038-612005 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Survey No. 232/1+2, “Anand Emerald”, 1st floor, Office No. 401 and 402, Sakore Nagar, Lohegaon, Pune - 411014, Maharashtra, India |
|
Tel. No.: |
91-20-30261700 |
|
Fax No.: |
91-20-30261712 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Gregory Stephen Flynn |
|
Designation : |
Managing director |
|
Address : |
Bunglow No.3/8, Kumar City, Kalyani Nagar, Pune – 411014, Maharashtra,
India |
|
Date of Birth/Age : |
26.12.1970 |
|
Date of Appointment : |
13.01.2010 |
|
DIN No.: |
02860916 |
|
|
|
|
Name : |
Michel Andre Pierre Hibon |
|
Designation : |
Director |
|
Address : |
696, Chemin Du Pont De, Campagne, |
|
Date of Birth/Age : |
24.05.1950 |
|
Date of Appointment : |
24.01.2007 |
|
DIN No.: |
01403834 |
|
|
|
|
Name : |
Philippe Alain Gerard Rostain |
|
Designation : |
Director |
|
Address : |
53, Rue De Lechiquier, |
|
Date of Birth/Age : |
01.06.1943 |
|
Date of Appointment : |
24.01.2007 |
|
DIN No.: |
01404663 |
|
|
|
|
Name : |
Francoise Brigitte Genevieve Bacqueyrisses Gacs |
|
Designation : |
Director |
|
Address : |
157, Boulevaro George 5 Talenge, France 033400 |
|
Date of Birth/Age : |
25.06.1945 |
|
Date of Appointment : |
08.06.2012 |
|
DIN No.: |
05293089 |
|
|
|
|
Name : |
Herve Georges Maurice Hibon |
|
Designation : |
Director |
|
Address : |
13 LA, Plaine Du, Ban , Ventabren – 13122, France |
|
Date of Birth/Age : |
18.06.1951 |
|
Date of Appointment : |
08.06.2012 |
|
DIN No.: |
05293109 |
|
|
|
|
Name : |
Bertrand Henri Marie Hibon |
|
Designation : |
Director |
|
Address : |
4, Les Tilleuls, Gruson 059192 France |
|
Date of Birth/Age : |
07.11.1948 |
|
Date of Appointment : |
08.06.2012 |
|
DIN No.: |
05293122 |
|
|
|
|
Name : |
Alexandre Samy Ramat |
|
Designation : |
Director |
|
Address : |
206, Chemin Dela Chapelle 07500 Guilherand Granges France 07500 |
|
Date of Birth/Age : |
07.04.1960 |
|
Date of Appointment : |
15.10.2013 |
|
DIN No.: |
06566962 |
KEY EXECUTIVES
|
Name : |
Mr. Mangesh Narkhedkar |
|
Designation : |
Senior Marketing and Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
MAEC [SAS], France |
|
166012 |
|
Groupe Cahors |
|
1 |
|
|
|
|
|
Total |
|
166013 |
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 : |
Manufacturer of Wire Connectors for Telecom Industry. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Wire Connectors for Telecom Industry |
|
Countries : |
· France · UK · Sri Lanka · Australia |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· Middle East · Russia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Advance Payment |
|
|
|
|
Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
40 (Approximately) |
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Bankers : |
· Bank of Maharashtra Corporate Finance Branch, 1183/A,' Yashomangal', F.C. Road, Pune - 411005, Maharashtra, India · The Saraswat Co-Operative Bank Limited Somwar Peth Branch, Pune, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V P B and Associates Chartered Accountants |
|
Address : |
K-6/2, Laxmi Prabha Erandwana Society, Opposite Seva Sadan School, Erandwana,
Pune – 411004, Maharashtra, India |
|
Tel. No.: |
91-20-25411050/ 25450848 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AABFB2219H |
|
|
|
|
Holding Company : |
Manufacture Appareillage Electrique Cahors |
|
|
|
|
Ultimate Holding Company : |
Groupe Cahors |
|
|
|
|
Subsidiary Company : |
Tek Components LLC, USA |
|
|
|
|
Group Companies : |
· Transfer India Private Limited · Cahors International · Cahors Latinoamerica · OGE MAROC |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 100/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
166,013 |
Equity Shares |
Rs. 100/- each |
Rs. 16.601 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 |
16.601 |
16.601 |
15.175 |
|
(b) Reserves & Surplus |
136.737 |
127.296 |
116.667 |
|
(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) |
153.338 |
143.897 |
131.842 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.363 |
2.596 |
0.825 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.737 |
0.777 |
0.422 |
|
Total
Non-current Liabilities (3) |
3.100 |
3.373 |
1.247 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
29.326 |
35.233 |
22.342 |
|
(b)
Trade payables |
24.823 |
28.216 |
24.823 |
|
(c)
Other current liabilities |
4.162 |
1.514 |
4.579 |
|
(d)
Short-term provisions |
7.988 |
8.188 |
5.982 |
|
Total
Current Liabilities (4) |
66.299 |
73.151 |
57.726 |
|
|
|
|
|
|
TOTAL |
222.737 |
220.421 |
190.815 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
82.566 |
87.788 |
60.009 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
1.792 |
1.598 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
9.903 |
6.867 |
16.439 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
92.494 |
96.472 |
78.071 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
50.868 |
48.844 |
46.637 |
|
(c)
Trade receivables |
53.998 |
48.218 |
38.643 |
|
(d)
Cash and cash equivalents |
1.783 |
0.039 |
0.191 |
|
(e)
Short-term loans and advances |
23.594 |
26.848 |
27.273 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
130.243 |
123.949 |
112.744 |
|
|
|
|
|
|
TOTAL |
222.737 |
220.421 |
190.815 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
205.009 |
143.098 |
121.443 |
|
|
|
Other Income |
12.258 |
8.673 |
12.420 |
|
|
|
TOTAL |
214.869 |
147.460 |
133.863 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
202.016 |
152.183 |
140.517 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
EXCEPTIONAL AND EXTRAORDINARY ITEMS AND TAX |
12.853 |
(4.723) |
(6.654) |
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL |
3.644 |
1.149 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, EXTRAORDINARY ITEMS |
9.209 |
(5.872) |
(6.654) |
|
|
|
|
|
|
|
|
|
|
EXTRAORDINARY ITEMS |
0.000 |
0.000 |
11.822 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
13.821 |
(5.872) |
5.168 |
|
|
|
|
|
|
|
|
|
|
TAX |
0.233 |
(1.771) |
4.099 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
9.441 |
(7.643) |
1.069 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of Exports |
193.359 |
110.256 |
103.422 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
23.607 |
16.288 |
20.295 |
|
|
|
Stores & Spares |
2.149 |
0.216 |
7.645 |
|
|
|
Capital Goods |
3.694 |
24.448 |
5.647 |
|
|
TOTAL IMPORTS |
29.450 |
40.952 |
33.587 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
55 |
(35) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.61 |
(5.34) |
0.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.21 |
(2.69) |
2.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
(0.04) |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.19 |
0.24 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.96 |
1.69 |
1.95 |
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 |
15.175 |
16.601 |
16.601 |
|
Reserves & Surplus |
116.667 |
127.296 |
136.737 |
|
Net
worth |
131.842 |
143.897 |
153.338 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
22.342 |
35.233 |
29.326 |
|
Total
borrowings |
22.342 |
35.233 |
29.326 |
|
Debt/Equity ratio |
0.169 |
0.245 |
0.191 |
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 |
121.443 |
143.098 |
205.009 |
|
|
|
17.831 |
43.265 |
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 |
121.443 |
143.098 |
205.009 |
|
Profit/ (Loss) |
1.069 |
(7.643) |
9.441 |
|
|
0.88% |
(5.34%) |
4.61% |
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 |
No |
|
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 |
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 |
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10147120 |
07/01/2012 * |
50,000,000.00 |
BANK OF MAHARASHTRA |
CORPORATE FINANCE BRANCH, 1183/A,' YASHOMANGAL', F.C.ROAD, PUNE, MAHARASHTRA - 411005, INDIA |
B30632186 |
* Date of charge modification
BACKGROUND
Subject was incorporated on 21.04.1993. the Company is 100% subsidiary
of Manufacture Appareillage Electrique Cahors [MAEC], France. The Company has its
registered Office at Plot No. 109, Office No. 401 and 402, Lunkad Sky Station,
Near HDFC Bank, Vimnnagar, Pune – 411014 and production facility at Plot No. E
90, MIDC, Ranjangaon, Village Karegaon, Pune for manufacture of wire connectors
for telecom industry.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
|
|
|
|
Outstanding bank guarantee issued to customers |
3.790 |
4.586 |
|
|
|
|
FIXED ASSETS:
· Buildings
· Plant and Equipment
· Electrical Installation
· Office Equipment
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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. 62.97 |
|
|
1 |
Rs. 94.97 |
|
Euro |
1 |
Rs. 74.43 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.