MIRA INFORM REPORT
|
Report No. : |
330882 |
|
Report Date : |
06.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
WEG INDUSTRIES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 38, Ground Floor, 1st Main Road, Lower Palace,
Orchards, Bangalore – 560 003, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.04.2008 |
|
|
|
|
Com. Reg. No.: |
08-046020 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909KA2008PTC046020 |
|
|
|
|
IEC No.: |
0708012043 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BLRW00832G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACW7745D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is in the business of manufacture, export, import of Rotating Electrical Machinery, Mechanical Machinery and related devices. |
|
|
|
|
No. of Employees
: |
450 (Approximately) |
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 |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The rating takes into consideration sound profit margin and good
liquidity position of the company. Trade relations reported to be fair. Business is active. Payments are reported
to be usually correct. The company can be considered for business dealing 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Andre |
|
Designation : |
Finance Head |
|
Contact No.: |
91-4344-301577 |
|
Date : |
06.07.2015 |
LOCATIONS
|
Registered Office : |
No. 38, Ground Floor, 1st Main Road, Lower Palace,
Orchards, Bangalore – 560003, Karnataka, India |
|
Tel. No.: |
91-80-41282007/41282006/41282005 |
|
Fax No.: |
91-80-23367624 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office / Factory: |
Plot No. E-20, Moranapalli Village, SIPCOT Phase II, Expansion II,
Hosur – 635109, Tamilnadu, India |
|
Tel No.: |
91-4344-301577 |
|
Fax No.: |
91-4344-301540 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Satyajit Chattopadhyay |
|
Designation : |
Director |
|
Address : |
No. 62/2-1, Embassy Heritage Flat – 183, 8th Main,
Malleswaram, Bangalore – 560003, Karnataka, India |
|
Date of Birth/Age : |
11.10.1946 |
|
Date of Appointment : |
30.01.2015 |
|
DIN No.: |
00057458 |
|
|
|
|
Name : |
Mr. Sergio Luiz Silva Schwartz |
|
Designation : |
Director |
|
Address : |
Rua Epitacio Pessoa, 258 Jaragua Do Sul, 89251100 |
|
Date of Birth/Age : |
21.11.1960 |
|
Date of Appointment : |
10.04.2008 |
|
DIN No.: |
00178216 |
|
|
|
|
Name : |
Eduardo De Nobrega |
|
Designation : |
Director |
|
Address : |
R Adolfo Sacani, AP 803 Centro Jaragua DU 89253 – 075, Jaragua DU
SUL 00036, Brazil |
|
Date of Birth/Age : |
26.05.1962 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
03554003 |
|
|
|
|
Name : |
Sinesio Tenfen |
|
Designation : |
Director |
|
Address : |
R Alberto Picolli, Agua Verde, 89254 – 460, Jaragua DO SUL 00046,
Brazil |
|
Date of Birth/Age : |
09.10.1954 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
03554007 |
|
|
|
|
Name : |
Wilson Jose Watzko |
|
Designation : |
Director |
|
Address : |
RUA 22- Ney Franco 55, O Jaragua, SUL SC 8925050, Jaragua DO SUL
89256050, Brazil |
|
Date of Birth/Age : |
12.07.1958 |
|
Date of Appointment : |
25.10.2013 |
|
DIN No.: |
06497766 |
KEY EXECUTIVE
|
Name : |
Mr. Andre |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Weg Iberia SL, Spain |
|
1549981 |
|
Weg Equipamentos Eletricos SA, Brazil |
|
3 |
|
Total |
|
1549984 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
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 |
%20PRIVATE%20LIMITED%20-%20330882%2006-Jul-2015_files/image001.gif)
BUSINESS DETAILS
|
Line of Business : |
The Company is in the business of manufacture, export, import of Rotating Electrical Machinery, Mechanical Machinery and related devices. |
||||
|
|
|
||||
|
Product and Services : |
Rotating Electrical Machinery, Mechanical Machinery and related devices.
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash, Cheque and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash, Cheque and Credit |
PRODUCTION STATUS :NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and Manufacturer
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
450 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
BSRR and Company Chartered Accountants |
|
Address : |
Maruti Info-Tech Centre,11-12/1 Inner Ring Road, Koramangala, Bangalore - 560071, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKFB1884H |
|
|
|
|
Name : |
S R Batliboi and Company Chartered Accountants |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company: |
WEG Iberia S.L |
|
|
|
|
Ultimate Holding
Company : |
WEG S.A. |
|
|
|
|
Fellow Subsidiary
Companies: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,549,984 |
Equity Shares |
Rs.10/- each |
Rs. 15.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
15.500 |
15.500 |
14.361 |
|
(b) Reserves & Surplus |
3131.623 |
3003.164 |
2956.233 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
259.209 |
|
Total
Shareholders’ Funds (1) + (2) |
3147.123 |
3018.664 |
3229.803 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
19.225 |
7.753 |
6.995 |
|
Total
Non-current Liabilities (3) |
19.225 |
7.753 |
6.995 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
202.103 |
514.598 |
263.310 |
|
(b) Trade payables |
162.581 |
133.647 |
172.656 |
|
(c) Other current liabilities |
98.859 |
170.345 |
32.178 |
|
(d) Short-term provisions |
35.071 |
19.106 |
6.782 |
|
Total
Current Liabilities (4) |
498.614 |
837.696 |
474.926 |
|
|
|
|
|
|
TOTAL |
3664.962 |
3864.113 |
3711.724 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2333.311 |
2467.261 |
2605.766 |
|
(ii) Intangible Assets |
4.952 |
4.926 |
2.851 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
15.001 |
135.486 |
225.892 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2353.264 |
2607.673 |
2834.509 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
675.599 |
794.603 |
586.157 |
|
(c) Trade receivables |
317.288 |
253.752 |
195.181 |
|
(d) Cash and cash equivalents |
0.181 |
1.467 |
0.801 |
|
(e) Short-term loans and
advances |
318.630 |
206.618 |
95.076 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1311.698 |
1256.440 |
877.215 |
|
|
|
|
|
|
TOTAL |
3664.962 |
3864.113 |
3711.724 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1873.099 |
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
1873.099 |
1240.101 |
640.244 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
1581.678 |
1289.949 |
683.619 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
291.421 |
(49.848) |
(43.375) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
162.963 |
161.288 |
123.238 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
128.458 |
(211.136) |
(166.613) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
69.436 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
128.458 |
(211.136) |
(236.049) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1010.107 |
686.294 |
410.853 |
|
|
Service Income |
|
|
2.286 |
|
|
TOTAL
EARNINGS |
1010.107 |
686.294 |
413.139 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
NA |
201.752 |
|
|
Capital Goods |
NA |
NA |
7.707 |
|
|
TOTAL
IMPORTS |
NA |
NA |
209.459 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
82.88 |
(136.22) |
NA |
%20PRIVATE%20LIMITED%20-%20330882%2006-Jul-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20330882%2006-Jul-2015_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20330882%2006-Jul-2015_files/image005.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20330882%2006-Jul-2015_files/image006.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20330882%2006-Jul-2015_files/image007.gif){kind=small}
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
342.308 |
(211.059) |
(665.630) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Sales |
(%) |
6.86 |
(17.03) |
(36.87) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.51 |
(5.46) |
(4.49) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
(0.07) |
(0.05) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.06 |
0.17 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.63 |
1.50 |
1.85 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
14.361 |
15.500 |
15.500 |
|
Reserves & Surplus |
2956.233 |
3003.164 |
3131.623 |
|
Share Application money pending allotment |
259.209 |
0.000 |
0.000 |
|
Net worth |
3229.803 |
3018.664 |
3147.123 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
263.310 |
514.598 |
202.103 |
|
Total borrowings |
263.310 |
514.598 |
202.103 |
|
Debt/Equity ratio |
0.082 |
0.170 |
0.064 |
%20PRIVATE%20LIMITED%20-%20330882%2006-Jul-2015_files/image002.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
640.244 |
1240.101 |
1873.099 |
|
|
|
93.692 |
51.044 |
%20PRIVATE%20LIMITED%20-%20330882%2006-Jul-2015_files/image008.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
640.244 |
1240.101 |
1873.099 |
|
Profit/loss |
(236.049) |
(211.136) |
128.458 |
|
|
(36.87%) |
(17.03%) |
6.86% |
%20PRIVATE%20LIMITED%20-%20330882%2006-Jul-2015_files/image009.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
--- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
BUSINESS:
The company is engaged in the manufacture of motors during the current financial year and wherever opportunities are available it will undertake manufacture of other rotating electrical machinery of different types, models, designs, mechanical machinery, equipment, devices and tools, electric, electronic and electro-mechanical machinery, equipment and integrated systems, components and devices, machinery and equipment for the conservation, production, generation, transmission and distribution of electric power, electromechanical and electronic components to control, command, protect and signal electric circuits and wiring for the purpose of extending timely after sales service and technical support services to store components and parts of various types of motors and generators.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
202.103 |
514.598 |
|
|
|
|
|
Total |
202.103 |
514.598 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipment
Intangible assets
- Computer software
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.63.39 |
|
UK Pound |
1 |
Rs.98.94 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTER |
|
|
|
--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.