MIRA INFORM REPORT
|
Report No. : |
330725 |
|
Report Date : |
08.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
UMW DONGSHIN MOTECH PRIVATE LIMITED (w.e.f. 19.11.2009) |
|
|
|
|
Formerly Known
As : |
DONGSHIN
MOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.- A-19, Talegaon Industrial Area, Village Navlakhumbre,
Taluka, Maval, Pune – 410507, Maharashtra |
|
Tel. No.: |
91-2114-306000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
16.04.2007 |
|
|
|
|
Com. Reg. No.: |
133046 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.772.770 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29255PN2007PTC133046 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
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
: |
The company engaged in manufacturing of automobile components and engineering components. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 300000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “MK Automotive Industries Limited,
Malaysia” and company incorporated during the year 2007. It has a moderate
track. For the financial year 2014, the company possesses a moderated
financial risk profile and incurred continuous losses but the sales volume is
marked decent. Further rating is constrain to the huge borrowings taken by the
company along with modest networth position and average trade receivables. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. In view of leverage balance sheet profile, the company can be
considered for business dealings with some caution. |
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.
LOCATIONS
|
Registered Office : |
Plot No.- A-19, Talegaon Industrial Area, Village Navlakhumbre, Taluka,
Maval, Pune – 410507, Maharashtra, India |
|
Tel. No.: |
91-20-26608813 91-2114-306035 / 306041 / 306000 |
|
Fax No.: |
91-2114-306010 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Talegaon, MIDC, Pune, Maharashtra, India |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Choon Woo Lim |
|
Designation : |
Director |
|
Address : |
29 Devadi Street, Mylapore, Chennai - 600004, Tamilnadu, India |
|
Date of Birth/Age : |
06.12.1964 |
|
Date of Appointment : |
16.04.2007 |
|
DIN No.: |
01381510 |
|
|
|
|
Name : |
Muthukumar Ayarpadde |
|
Designation : |
Additional director |
|
Address : |
No 66 Jalan Setiajaya, Bukit Damansara, Kualalumpur, 50490, , Malaysia |
|
Date of Birth/Age : |
13.07.1972 |
|
Date of Appointment : |
27.07.2007 |
|
DIN No.: |
01799039 |
|
|
|
|
Name : |
Syed Hisham Bin Syed Wazir |
|
Designation : |
Director |
|
Address : |
No: 1, Jalan Usj 18/7, Uep Subang Jaya, Subang Jaya, Selangor - 47630, Malaysia |
|
Date of Birth/Age : |
26.06.1954 |
|
Date of Appointment : |
06.10.2010 |
|
DIN No.: |
03281121 |
|
|
|
|
Name : |
Megat Shahrul Azmir Bin Nordin |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
No. 38, Jalan Teratak U8/95 A, Bukit Jelutong, 40150 Shah Alam, Selangor Darul Ehsan, Na, Malaysia |
|
Date of Birth/Age : |
12.04.1970 |
|
Date of Appointment : |
24.03.2012 |
|
DIN No.: |
05237306 |
|
|
|
|
Name : |
Azmin Bin Che Yusoff |
|
Designation : |
Additional director |
|
Address : |
Lot. No. PT 4445, JLN 6/71B, Kg.Sg. Penchala, Jalan, Damansara, Kuala Lumpur, 60000, Malaysia |
|
Date of Birth/Age : |
23.09.1958 |
|
Date of Appointment : |
24.06.2013 |
|
DIN No.: |
06615764 |
KEY EXECUTIVES
|
Name : |
Shivani Rathi |
|
Designation : |
Secretary |
|
Address : |
304/B Karishna Kutir Bangadwadi, Opera House, Near Marwadi Vidyalay, Opp. Gold Field, Mumbai - 400004, Maharashtra, India |
|
PAN No. : |
AKBPD2099P |
|
Date of Appointment : |
01.11.2014 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Dongshin Motech Company Limited, Korea |
24165560 |
31.27 |
|
MK Automotive Industries Limited, Malaysia |
53111480 |
68.73 |
|
|
|
|
|
Total |
77277040 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
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 |
BUSINESS DETAILS
|
Line of Business : |
The company engaged in manufacturing of automobile components and engineering components. |
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Products : |
Automobile components and engineering components.
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
SNDA And Associates Chartered Accountants |
|
Address : |
2 Alankar Apartments No. 26/14 Shivajinagar Near Sakhar Sankul, pune – 411005, Maharashtra, India |
|
PAN No.: |
ABLFS4120K |
|
|
|
|
Memberships : |
--- |
|
|
|
|
Collaborators : |
--- |
|
|
|
|
Holding Company: |
MK Automotive Industries Limited |
|
|
|
|
Substantial
Interest in voting |
|
|
|
|
|
Associate : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100,000,000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
77,277,040 |
Equity Shares |
Rs.10/- each |
Rs.772.770 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 |
772.770 |
772.770 |
604.139 |
|
(b) Reserves &
Surplus |
(677.768) |
(642.453) |
(413.199) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
93.725 |
|
Total Shareholders’ Funds
(1) + (2) |
95.002 |
130.317 |
284.665 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1738.964 |
962.435 |
790.045 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.802 |
12.034 |
10.344 |
|
(d) long-term provisions |
5.291 |
1.445 |
5.335 |
|
Total Non-current
Liabilities (3) |
1747.057 |
975.914 |
805.724 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
11.560 |
0.000 |
471.710 |
|
(b) Trade payables |
183.902 |
62.110 |
130.034 |
|
(c) Other current
liabilities |
150.080 |
631.654 |
184.678 |
|
(d) Short-term provisions |
0.260 |
1.657 |
0.919 |
|
Total Current Liabilities
(4) |
345.802 |
695.421 |
787.341 |
|
|
|
|
|
|
TOTAL |
2187.861 |
1801.652 |
1877.730 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1277.144 |
1177.775 |
1242.195 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
83.883 |
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) |
298.300 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
204.150 |
217.059 |
200.864 |
|
(e) Other Non-current
assets |
0.000 |
6.925 |
6.492 |
|
Total Non-Current Assets |
1779.594 |
1485.642 |
1449.551 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
200.523 |
150.345 |
109.033 |
|
(c) Trade receivables |
173.169 |
128.739 |
317.115 |
|
(d) Cash and cash equivalents |
7.523 |
27.308 |
0.269 |
|
(e) Short-term loans and
advances |
26.643 |
9.423 |
1.762 |
|
(f) Other current assets |
0.409 |
0.195 |
0.000 |
|
Total Current Assets |
408.267 |
316.010 |
428.179 |
|
|
|
|
|
|
TOTAL |
2187.861 |
1801.652 |
1877.730 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
971.186 |
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
971.186 |
573.391 |
756.340 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
1304.801 |
802.645 |
1060.126 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(333.615) |
(229.254) |
(303.786) |
|
|
|
|
|
|
|
Less |
TAX |
(298.300) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(35.315) |
(229.254) |
(303.786) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
5.635 |
1.492 |
0.964 |
|
|
TOTAL EARNINGS |
5.635 |
1.492 |
0.964 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Purchases / Raw Materials |
160.846 |
62.737 |
NA |
|
|
Capital Goods |
0.000 |
2.784 |
NA |
|
|
TOTAL IMPORTS |
160.846 |
65.521 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
|
|
Basic |
(0.46) |
(3.27) |
(5.49) |
|
|
Diluted |
0.150 |
(3.19) |
(5.49) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
24.418 |
565.061 |
124.835 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(721.153) |
344.284 |
(273.685) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(3.64) |
(39.98) |
(40.17) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(17.66) |
(13.35) |
(16.18) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(3.51) |
(1.76) |
(1.07) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
18.68 |
11.72 |
4.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
0.45 |
0.54 |
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 |
604.139 |
772.770 |
772.770 |
|
Reserves & Surplus |
(413.199) |
(642.453) |
(677.768) |
|
Share Application money
pending allotment |
93.725 |
0.000 |
0.000 |
|
Net worth |
284.665 |
130.317 |
95.002 |
|
|
|
|
|
|
long-term borrowings |
790.045 |
962.435 |
1738.964 |
|
Short term borrowings |
471.710 |
0.000 |
11.560 |
|
Current Maturities of
Long Term Debt |
124.835 |
565.061 |
24.418 |
|
Total borrowings |
1386.590 |
1527.496 |
1774.942 |
|
Debt/Equity ratio |
4.871 |
11.721 |
18.683 |
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 |
756.340 |
573.391 |
971.186 |
|
|
|
(24.189) |
69.376 |
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 |
756.340 |
573.391 |
971.186 |
|
Profit/Loss |
(303.786) |
(229.254) |
(35.315) |
|
|
(40.17%) |
(39.98%) |
(3.64%) |
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 |
No |
|
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) |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Fully convertible debentures others |
1107.751 |
663.895 |
|
Other external commercial borrowings |
330.055 |
0.000 |
|
Other loans and advances |
0.000 |
298.540 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
11.560 |
0.000 |
|
|
|
|
|
Total |
1449.366 |
962.435 |
NOTE :
The registered office of the company has been shifted
from No. 29 Devadi Street, Mylapore, Chennai - 600004, Tamilnadu, India to the
present address w.e.f. 23.10.2008.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10504757 |
19/06/2014 * |
327,900,000.00 |
STANDARD CHARTERED BANK |
CRESCENZO PLOT NO C-38 & 39, G -BLOCK,
BANDRA-KUR |
C08765166 |
|
2 |
10331048 |
10/12/2011 |
50,000,000.00 |
STANDARD CHARTERED BANK |
CRESCENZO, PLOT NO. C-38 & 39, G BLOCK, BANDRA
KU |
B30335814 |
|
3 |
10212441 |
07/04/2010 |
750,000,000.00 |
STANDARD CHARTERED BANK |
90, M G ROAD,, FORT,, MUMBAI, MAHARASHTRA - 40000 |
A83132480 |
|
4 |
10193446 |
30/12/2009 |
705,000,000.00 |
STANDARD CHARTERED BANK |
90, M G ROAD,, FORT,, MUMBAI, MAHARASHTRA - 40000 |
A76323880 |
|
5 |
10190443 |
14/05/2011 * |
311,740,000.00 |
STANDARD CHARTERED BANK |
CRESCENZO, 3A/F, PLOT NO. C-38 & 39, G BLOCK,
BAN |
B16063943 |
|
6 |
10150524 |
20/03/2009 |
195,000,000.00 |
STANDARD CHARTERED BANK |
90, M.G. ROAD,, FORT,, MUMBAI, MAHARASHTRA - 4000 |
A59839340 |
*Date of charge modification
BUSINESS
The Company has set up a state of the Art facility for production of Automobile body parts to be supplied to automobile manufacturers. The factory is set up at Talegaon MIDC, near Pune. The Company currently supplies to General Motors India mainly.
OPERATIONS AND FUTURE
PROSPECTS
The year 2013-14 is the Fifth year of operations. During the financial year 2013-14 sales including other income amounted to Rs. 971.186 Million as compared to Rs. 573.391 Million in the previous financial year 2012-13 showing increase of around 69%. Since the Company is still in the stage of development there is a loss of Rs. 35.315 Million in the books of accounts of the Company for the year ended on 31st March, 2014 and the accumulated loss as on 31st March, 2014 amounted to Rs. 677.768 Million. However the Board of Directors are confident that there is enough potential for growth and with aggressive marketing and business development, the Company should emerge from this loss in the coming couple of years.
CORPORATE INFORMATION
Corporate Information: UMW Dongshin Motech Private Limited is a company engaged in manufacturing of automobile components andengineering components. It was incorporated in India as a Private Limited Company on April 16, 2007.
FIXED ASSETS
- Building
- Plant Machinery
- Electrical Machinery
- Vehicle - 4 wheeler
- Computer
- Furniture
- Leasehold Land
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.63.37 |
|
|
1 |
Rs.98.85 |
|
Euro |
1 |
Rs.69.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.