MIRA INFORM REPORT
|
Report No. : |
330822 |
|
Report Date : |
08.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
HONDA MOTORCYCLE AND SCOOTER INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 1, Sector 3, IMT Manesar, District – Gurgaon – 122050,
Haryana |
|
Tel. No.: |
91-124-2290011 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.03.2001 |
|
|
|
|
Com. Reg. No.: |
05-034649 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35912HR2001PTC034649 |
|
|
|
|
IEC No.: |
0599055405 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
RTKH01174F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH7467D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Sale and Trading of Motorcycles and
Scooters. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 79000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Honda Motor Company Limited, Japan”. It is
well established company incorporated during the year 2001. It is having a
fine track record. For the financial year ended 2014, Company has strong operational
performance with upstanding sales turnover along with decent profitability
margin. Further, rating also takes into consideration company’s healthy
business risk profile marked by its wide distribution network and strong
financial risk profile backed by adequate networth base along with zero debt
balance sheet profile of the company. Directors are reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payment
terms are regular and as per commitment. In view of strong holding company and good scale of operations, the
company can be considered normal 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.
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
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.
LOCATIONS
|
Registered Office/ Factory 1 : |
Plot No.1, Sector-3, IMT Manesar, District Gurgaon – 122050, Haryana,
India |
|
Tel. No. : |
91-124-2290011-19/ 2290926 |
|
Fax No. : |
91-124-2290889/ 2290891/ 2290890 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2 : |
Plot No. SPL-2(D), 2(E), 2(F), 2(G), Tapulkara Industrial Area,
District Alwar – 301707, Rajasthan, India |
|
Tel. No. : |
91-1493-678200/ 678500 |
|
|
|
|
Factory 3 : |
Plot No.109-142, 143(P)-149(P), KIADB Industrial Area, Naraspur,
District Kolar – 563130, Karnataka, India |
DIRECTORS
AS ON 05.08.2014
|
Name : |
Keita Muramatsu |
|
Designation : |
Managing director |
|
Address : |
B 123, Pinnacle, Condominium, DLF Phase V, Gurgaon, Haryana, India |
|
Date of Birth/Age : |
08.12.1957 |
|
Date of Appointment : |
10.08.2011 |
|
PAN No.: |
BMFPM8986H |
|
DIN No. : |
03493802 |
|
|
|
|
Name : |
Takanori Maruyama |
|
Designation : |
Whole-time director |
|
Address : |
Tower B2 - 1401, Parasvnath Exotica, Golf Course Road, Gurgaon, Haryana, India |
|
Date of Birth/Age : |
07.08.1965 |
|
Date of Appointment : |
31.08.2012 |
|
DIN No. : |
05244222 |
|
|
|
|
Name : |
Toshinobu Motai |
|
Designation : |
Whole-time director |
|
Address : |
F-181, Raheja Atlantis, Sector 31/32A, Gurgaon, Haryana, India |
|
Date of Birth/Age : |
22.04.1959 |
|
Date of Appointment : |
05.08.2013 |
|
DIN No. : |
06541864 |
|
|
|
|
Name : |
Yasutaka Uda |
|
Designation : |
Whole-time director |
|
Address : |
B-171, 7th Floor, Sobha Ivory Apartment, St. John's Road, Bangalore, Karnataka, India |
|
Date of Birth/Age : |
13.12.1962 |
|
Date of Appointment : |
05.08.2013 |
|
DIN No. : |
06541726 |
|
|
|
|
Name : |
Mr. Masaichi Kobayashi |
|
Designation : |
Whole-time Director |
|
Address : |
E-222, 22nd Floor, Park Heights, Park Place, DLF Phase V, Gurgaon, Haryana, India |
|
Date of Birth/Age : |
20.06.1967 |
|
Date of Appointment : |
01.04.2014 |
|
DIN No. : |
06855155 |
|
|
|
|
Name : |
Yoshiyuki Matsumoto |
|
Designation : |
Director |
|
Address : |
Hotel Le-meridien, Windsor Place, Janpath, New Delhi – 110001, India |
|
Date of Birth/Age : |
14.01.1958 |
|
Date of Appointment : |
05.08.2013 |
|
DIN No. : |
06542714 |
|
|
|
|
Name : |
Mr. Viswanathan Sridhar |
|
Designation : |
Whole-time director |
|
Address : |
# 303. Amber Court - 3, Essei Towers, M.G. Road, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
18.02.1964 |
|
Date of Appointment : |
05.08.2013 |
|
DIN No. : |
06544860 |
|
|
|
|
Name : |
Anupam Mohindroo |
|
Designation : |
Whole-time director |
|
Address : |
H - 34, South City - I, Gurgaon, Haryana, India |
|
Date of Birth/Age : |
30.09.1960 |
|
Date of Appointment : |
05.08.2013 |
|
DIN No. : |
06544719 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjeev Kumar Chaubey |
|
Designation : |
Secretary |
|
Address : |
SRA - 46 8. Shipra Riviera, Indrapuram, Ghaziabad - 201010, Uttar Pradesh, India |
|
Date of Birth/Age : |
24.01.1971 |
|
Date of Appointment : |
19.02.2009 |
|
PAN No.: |
ADMPC7767P |
MAJOR SHAREHOLDERS
AS ON 05.08.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Honda Motor Company Limited, Japan |
299999998 |
96.77 |
|
Asian Honda Motor Company Limited, Thailand |
10000002 |
3.23 |
|
|
|
|
|
Total |
310000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 05.08.2014
|
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 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Sale and Trading of Motorcycles and
Scooters. |
|
|
|
|
Products : |
Motorcycles and Scooters |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Not Available |
|
|
|
|
Purchasing : |
Not Available |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||
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|
||||||||||||||
|
Customers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
· State Bank of India · Bank of Tokyo Mitsubishi · Standard Chartered Bank · ICICI Bank · Citi Bank |
|
Auditors : |
|
|
Name : |
B S R and Associates Chartered Accountants |
|
Address : |
Building No. 10, 8Th Floor, Tower B, DLF Cyber City, Phase II, Gurgaon, Haryana, India |
|
PAN No.: |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
|
|
|
|
|
Fellow Subsidiary Company : |
· Honda Trading Corporation · Honda Trading Corporation India Private Limited
|
CAPITAL STRUCTURE
AS ON 05.08.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
310000000 |
Equity Shares |
Rs.10/- each |
Rs.3100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
310000000 |
Equity Shares |
Rs.10/- each |
Rs.3100.000 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 |
3100.000 |
3100.000 |
3000.000 |
|
(b) Reserves & Surplus |
24707.000 |
19348.900 |
12555.800 |
|
(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) |
27807.000 |
22448.900 |
15555.800 |
|
|
|
|
|
|
(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 |
516.300 |
433.300 |
152.100 |
|
(d) long-term
provisions |
395.500 |
302.000 |
81.500 |
|
Total Non-current
Liabilities (3) |
911.800 |
735.300 |
233.600 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
19221.100 |
12834.200 |
10522.500 |
|
(c) Other
current liabilities |
3307.100 |
4676.100 |
4130.700 |
|
(d) Short-term
provisions |
459.300 |
313.800 |
211.400 |
|
Total Current
Liabilities (4) |
22987.500 |
17824.100 |
14864.600 |
|
|
|
|
|
|
TOTAL |
51706.300 |
41008.300 |
30654.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
22982.500 |
13215.200 |
12450.800 |
|
(ii)
Intangible Assets |
3329.500 |
3028.000 |
2570.100 |
|
(iii)
Capital work-in-progress |
907.900 |
10034.400 |
1471.900 |
|
(iv)
Intangible assets under development |
215.500 |
183.400 |
410.200 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
626.800 |
566.100 |
122.500 |
|
(d) Long-term Loan and Advances |
2250.300 |
1415.100 |
2054.100 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
30312.500 |
28442.200 |
19079.600 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3382.500 |
2411.900 |
2456.000 |
|
(c) Trade
receivables |
943.900 |
482.400 |
510.300 |
|
(d) Cash
and cash equivalents |
14417.800 |
8183.400 |
7023.500 |
|
(e)
Short-term loans and advances |
2523.100 |
1404.400 |
1198.400 |
|
(f) Other
current assets |
126.500 |
84.000 |
386.200 |
|
Total
Current Assets |
21393.800 |
12566.100 |
11574.400 |
|
|
|
|
|
|
TOTAL |
51706.300 |
41008.300 |
30654.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sale of Products (net of excise) |
141540.800 |
103218.000 |
76993.800 |
|
|
|
Sale of Service |
634.200 |
418.400 |
294.700 |
|
|
|
Other operating revenues |
1387.800 |
1147.700 |
888.600 |
|
|
|
Other Income |
1861.800 |
1225.600 |
943.800 |
|
|
|
TOTAL |
145424.600 |
106009.700 |
79120.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
130737.500 |
95542.700 |
70136.700 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
14687.100 |
10467.000 |
8984.200 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
14687.100 |
10467.000 |
8984.200 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
7061.700 |
4733.700 |
2926.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
7625.400 |
5733.300 |
6057.900 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2267.300 |
1840.200 |
1936.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
5358.100 |
3893.100 |
4121.800 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
15845.600 |
11952.500 |
7830.700 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
21203.700 |
15845.600 |
11952.500 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
7199.400 |
5661.900 |
4091.100 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
17.28 |
12.56 |
13.74 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
18862.200 |
14015.800 |
12453.600 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Total Income |
(%) |
3.68 |
3.67 |
5.21 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Total Income) |
(%) |
10.10 |
9.87 |
11.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
15.26 |
18.97 |
21.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.26 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.93 |
0.71 |
0.78 |
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 |
3000.000 |
3100.000 |
3100.000 |
|
Reserves & Surplus |
12555.800 |
19348.900 |
24707.000 |
|
Net
worth |
15555.800 |
22448.900 |
27807.000 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
|
Total Income |
79120.900 |
106009.700 |
145424.600 |
|
|
|
33.984 |
37.180 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total Income |
79120.900 |
106009.700 |
145424.600 |
|
Profit |
4121.800 |
3893.100 |
5358.100 |
|
|
5.21% |
3.67% |
3.68% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NO CHARGES EXIST FOR COMPANY
FIXED ASSETS:
v
Tangible
Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
v
Intangible
Assets
· Computer Software
· Recipes, Formulae, Models, Designs and Prototypes
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.63.58 |
|
|
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.70.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
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 |
|
63 |
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.