MIRA INFORM REPORT
|
Report No. : |
331845 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
HODEK VIBRATION TECHNOLOGIES PRIVATE LIMITED |
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|
|
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Formerly Known
As : |
HODEK ENGINEERING WORKS PRIVATE LIMITED |
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Registered
Office : |
Gat No. 767/769, Sahajpur Nandur, Dhond, Pune – 412202, Maharashtra |
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Tel. No.: |
91-2119-242111 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.05.1976 |
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|
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Com. Reg. No.: |
11-019035 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 8.000
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29112MH1976PTC019035 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEH00107C |
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|
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PAN No.: [Permanent Account No.] |
AAACH7381L |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Torsional Vibration Damper. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated during the year 1976.
It has a moderate track record. For the financial year 2014, the company has performed an average
business operations and it is shown that the profit of the company is
declining every year and in the current year management has reported huge
accumulated losses. Further rating strength partially offset by decent financial risk
profile and good networth position. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. In view of long history of business track record, 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.
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.
INFORMATION DECLINED BY
|
Name : |
Mr. Ganesh Jarande |
|
Contact No.: |
91-2119-242111 |
|
Date : |
11.07.2015 |
LOCATIONS
|
Registered Office : |
Gat No. 767/769, Sahajpur Nandur, Dhond, Pune – 412202, Maharashtra, India |
|
Tel. No.: |
91-2119-242111 |
|
Fax No.: |
91-2119-242151 |
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E-Mail : |
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|
|
|
|
Factory : |
Belur Industrial Estate, Dharwad, Karnataka,
India |
DIRECTORS
AS ON 15.09.2014
|
Name : |
Mr. Prabhatkumar Shankar Karkhanis |
|
Designation : |
Managing director |
|
Address : |
720/1, Navi Peth, Pune – 411030, Maharashtra, India |
|
Date of Birth/Age : |
30.03.1934 |
|
Date of Appointment : |
02.06.1981 |
|
PAN No.: |
ABIPK5783B |
|
DIN No.: |
00511616 |
|
|
|
|
Name : |
Mr. Abhijeet Sanjay Khanvilkar |
|
Designation : |
Managing director |
|
Address : |
Jayashree Apartments, Vaikunth Road, Navi Peth, Pune – 411030,
Maharashtra, India |
|
Date of Birth/Age : |
22.05.1980 |
|
Date of Appointment : |
18.01.2003 |
|
PAN No.: |
ALIPK9890R |
|
DIN No.: |
00511567 |
|
|
|
|
Name : |
Harnish Jayantilal Raja |
|
Designation : |
Managing director |
|
Address : |
F-201, S. No. 11/1/11/2, Rohan Nilay, Bremen Square, Anudh, Pune –
411007, Maharashtra, India |
|
Date of Birth/Age : |
27.01.1967 |
|
Date of Appointment : |
01.09.2010 |
|
PAN No.: |
AAVPR1463R |
|
DIN No.: |
02736138 |
|
|
|
|
Name : |
Vaijayanti Nandkumar Khanvilkar |
|
Designation : |
Director |
|
Address : |
720/1, Navi Peth, Pune – 411030, Maharashtra, India |
|
Date of Birth/Age : |
10.03.1943 |
|
Date of Appointment : |
18.01.2003 |
|
PAN No.: |
AFHPK6383A |
|
DIN No.: |
00511455 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Prabhatkumar Shankar Karkhanis and Vaijayanti Nandkumar Khanvilkar |
|
79920 |
|
Vaijayanti Nandkumar Khanvilkar and Prabhatkumar Shankar Karkhanis |
|
80 |
|
|
|
|
|
Total |
|
80000 |
AS ON 15.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Torsional Vibration Damper. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Imports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
·
The Saraswat Co-Operative Bank Limited C-2, Kohinoor Estate Co-Operative Housing
Society, Plot No.12, Mula Road, Sangamwadi, Pune - 411003, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
N. T. Kitekar and Company Chartered Accountants |
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Address : |
Sadashiv Peth, Phadtare Chowk, Pune – 411030,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACJPK3299A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary company
: |
Amba Foundaries Private Limited [U27310KA2006PTC038529] |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
· Karmen Transport · S K Engineering Works · Balgaum Ferro Cast (India) Private Limited · Shashi Transport · Madhura Engineering Works · Prasad Engineering Works · Prasad Industries |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80,000 |
Equity Shares |
Rs. 100/- each |
Rs. 8.000
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 |
8.000 |
8.000 |
8.000 |
|
(b) Reserves & Surplus |
144.768 |
167.379 |
154.658 |
|
(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) |
152.768 |
175.379 |
162.658 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
28.665 |
24.709 |
52.581 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
28.665 |
24.709 |
52.581 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
198.488 |
176.300 |
114.417 |
|
(b)
Trade payables |
133.351 |
111.174 |
149.886 |
|
(c)
Other current liabilities |
24.296 |
22.061 |
5.580 |
|
(d)
Short-term provisions |
11.266 |
27.543 |
37.004 |
|
Total
Current Liabilities (4) |
367.401 |
337.078 |
306.887 |
|
|
|
|
|
|
TOTAL |
548.834 |
537.166 |
522.126 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
159.208 |
76.312 |
85.272 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
15.583 |
62.172 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
9.445 |
5.665 |
4.965 |
|
(c) Deferred tax assets
(net) |
1.077 |
3.686 |
2.267 |
|
(d) Long-term Loan
and Advances |
39.463 |
38.833 |
31.640 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
224.776 |
186.668 |
124.144 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
83.741 |
94.000 |
111.829 |
|
(c)
Trade receivables |
188.580 |
202.662 |
216.431 |
|
(d)
Cash and cash equivalents |
21.737 |
19.826 |
34.668 |
|
(e)
Short-term loans and advances |
30.000 |
34.010 |
35.054 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
324.058 |
350.498 |
397.982 |
|
|
|
|
|
|
TOTAL |
548.834 |
537.166 |
522.126 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
783.464 |
924.116 |
1022.000 |
|
|
|
Other Income |
11.591 |
11.859 |
NA |
|
|
|
TOTAL |
795.055 |
935.975 |
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
812.717 |
909.416 |
NA
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(17.662) |
26.559 |
47.581 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.610 |
9.158 |
16.060 |
|
|
|
|
|
|
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|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(20.272) |
17.401 |
31.521 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
F.O.B. value of Export |
184.843 |
230.866 |
249.753 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
10.969 |
12.518 |
NA |
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(253.4) |
218 |
394 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
20.090 |
13.143 |
0.000 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
35.641 |
8.445 |
(20.683) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(2.59) |
1.88 |
3.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.38) |
5.70 |
9.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.12) |
0.15 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.62 |
1.22 |
1.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.88 |
1.04 |
1.30 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
8.000 |
8.000 |
8.000 |
|
Reserves & Surplus |
154.658 |
167.379 |
144.768 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
162.658 |
175.379 |
152.768 |
|
|
|
|
|
|
Long-term borrowings |
52.581 |
24.709 |
28.665 |
|
Short term borrowings |
114.417 |
176.300 |
198.488 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
0.000 |
13.143 |
20.090 |
|
Total
borrowings |
166.998 |
214.152 |
247.243 |
|
Debt/Equity ratio |
1.027 |
1.221 |
1.618 |
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 |
1022.000 |
924.116 |
783.464 |
|
|
|
(9.578) |
(15.220) |
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 |
1022.000 |
924.116 |
783.464 |
|
Profit/ (Loss) |
31.521 |
17.401 |
(20.272) |
|
|
3.08% |
1.88% |
(2.59%) |
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 |
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 |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
56.700 |
50.000 |
|
|
|
|
|
Total |
56.700 |
50.000 |
OPERATIONS:
During the year, the turnover was Rs. 783.464 Million, as against
turnover of Rs. 924.116 Million for corresponding previous financial year. Loss
for the year was Rs. 17.662 Million, as against Profit before Tax of Rs. 26.559
Million for the corresponding previous financial year. The exports were to the
tune of Rs. 184.843 Million as against Rs. 230.866 Million for the
corresponding previous financial year.
The construction of the factory premises on a plot of land in the Belur
Industrial Estate, Dharwad, Karnataka, is almost complete and the commercial
production of dampers has commenced.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29112MH1976PTC019035 |
|
Name of the
company |
HODEK VIBRATION TECHNOLOGIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Gat No 767/769, Sahajpur Nandur, Dhond, Pune - 412202, Maharashtra,
India |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10246070 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Floating charge Others [All the intangible movable property] |
|
Particular of
charge holder |
The Saraswat Co-Operative
Bank Limited C-2, Kohinoor
Estate Co-Opearative Housing Soceity, Plot No.12, Mula Road, Sangamwadi, Pune – 411003, Maharashtra,
India |
|
Nature of
description of the instrument creating or modifying the charge |
1) Deed of
hypothecation for additional advances (supplementary deed) dated 6th march
2014. 2) Equitable
mortgage by deposit of original title deed dated 6th march 2014 (both the
documents create a single charge) |
|
Date of
instrument Creating the charge |
06.03.2014 |
|
Amount secured by
the charge |
Rs. 10.000
Million |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Commission as per
schedule of L/C charges Terms of Repayment Repayable on
demand Margin 10% Margin in FDR Extent and Operation of the charge Type of facility
-letter of credit (Inland -DA) of Rs.10.000 Million Others All other terms
and conditions as per the agreement. |
|
Short particulars
of the property charged |
All that piece and
parcel of land bearing gat no. 60 Hissa no.4a/1 (old)new gat no.135, adm.44
Ares +pot Kharaba 6 Ares total Adm 50 ares within the limits of
Kadamwakvasti, haveli and gat no.769 (old s. no. 192)adm.46 ares and gat no.767(old s.no.192) adm 34 ares lying
andbeing situated at village Sahajpur, Tal. Daund, Dist. Pune together with
all the right, title and interest in the said land and gat no.769,gat no.767
together with the building and structures now standing there on or which may
be constructed thereonand the present and future Fsi alongwith all the
easementory rights, attached
to the said land and building. All that piece and parcel of land bearing plot
no. 502 and 503 of Belur Industrial Area, situated in sy no. 338 and 339 of
Belur Village, Garag Hobli, Dharwad Taluka containing by Adm 3998.00 sq mtrs.
alongwith industrial shed constructed/to be constructed in the above
properties and plant and machinery therein. |
|
Date of
Modification |
31.01.2013 |
|
Particulars of
the present modification |
1) No change in
the limit sanctioned and all other terms and conditions remain unchanged. 2) The letter of
credit limit Rs. 10.000 Million is now converted into sub limit of cash
credit limit of Rs. 110.000 Million a separate charge has been registered for
cc limit of 110.000 Million making sublimit of LC charge id no. 90092487. |
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
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. 63.38 |
|
|
1 |
Rs. 97.65 |
|
Euro |
1 |
Rs. 70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
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 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
33 |
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.