MIRA INFORM REPORT
|
Report No. : |
332358 |
|
Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SEMPERTRANS INDIA PRIVATE LIMITED (w.e.f. 24.02.2014) |
|
|
|
|
Formerly Known
As : |
SEMPERTRANS-NIRLON PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.21/1, MIDC Dhatav, Roha, Raigad – 402110, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
24.01.2000 |
|
|
|
|
Com. Reg. No.: |
11-123800 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.230.769 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24200MH2000PTC123800 |
|
|
|
|
IEC No.: |
0300046723 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS9279E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the Manufacturing of Conveyer Belts. |
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|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Sempertrans India Private Limited (SIPL), formed on 24th
January 2000, is wholly-owned subsidiary of “Semperit A.G. Holdings” (SAG). It
is established company having satisfactory track record. As management failed to file financials documents for the year ended
31.03.2014 to statutory authorities. And the documents are not been available
from any sources. The rating drives strength from strong parentage of the Semperit
Group, established track record of the promoters in the manufacturing of
conveyor belts and moderate financial risk profile of SIPL coupled with
favourable capital structure and comfortable liquidity position. The ratings are however tempered by the company’s exposure to volatile
raw material prices coupled with fixed-price contracts resulting in
fluctuating profit margins, highly working capital intensive operations and
high degree of competition prevailing in the industry. However, trade relations are fair. Business is active. Payments terms
are reported to be slow but correct. In view of strong support from its holding company, the company can be
considered for business dealing with its 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 |
CARE |
|
Rating |
Long term bank facilities A- |
|
Rating Explanation |
Adequate degree of safety and credit risk. |
|
Date |
December, 2014 |
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. V.A. Palande |
|
Designation : |
Account Head |
|
Contact No.: |
91-2194-263671 |
|
Date : |
17.07.2015 |
LOCATIONS
|
Registered Office / Factory : |
Plot No.21/1, MIDC Dhatav, Roha, Raigad – 402110, |
|
Tel. No.: |
91-2194-263671 / 263578 / 263579 / 264466 / 264468 / 2635700 |
|
Fax No.: |
91-2194-263672 |
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E-Mail : |
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|
Website : |
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|
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|
Marketing Office : |
Nirlon Complex, |
|
Tel. No.: |
91-22-26850234/35/36 |
|
Fax No.: |
91-22-26850035 |
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E-Mail : |
|
|
Website: |
|
|
|
|
|
Branch Office 1 : |
57, F, |
|
Tel. No.: |
91-33-24657902/24657904 |
|
Fax No.: |
91-33-24657904 |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Branch Office 2 : |
73, |
|
Tel. No.: |
91-44-22301351 |
|
Fax No.: |
91-44-22301350 |
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E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Branch Office 3 : |
D – 1/209, Virat Bhawan, Commercial Complex, Mukherjee Nagar, New
Delhi – 110009, India |
|
Tel. No.: |
91-11-27654206 |
|
Fax No.: |
91-11-27654207 |
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E-Mail : |
|
|
Location : |
Rented |
DIRECTORS
As on: 30.06.2014
|
Name : |
Mr. Michael Wolfram |
|
Designation : |
Director |
|
Address : |
Porzellangasse 33 A / 4 / 8, Wien, 1090, Austria |
|
Date of Birth/Age : |
13.08.1971 |
|
Date of Appointment : |
29.06.2012 |
|
DIN No.: |
05234665 |
|
|
|
|
Name : |
Mr. Gerhard klingenbrunner |
|
Designation : |
Director |
|
Address : |
Josef Schoffel – Gasse 53, Klosterneuburg, 3400, Austria |
|
Date of Birth/Age : |
07.06.1956 |
|
Date of Appointment : |
28.10.2000 |
|
DIN No.: |
02721944 |
|
|
|
|
Name : |
Mr. Richard Ehrenfeldner |
|
Designation : |
Director |
|
Address : |
Semmelweisgasse 2, TErnitz, 2630, Austria |
|
Date of Birth/Age : |
30.03.1954 |
|
Date of Appointment : |
11.08.2011 |
|
DIN No.: |
03594244 |
|
|
|
|
Name : |
Mr. Bertrand Heckel |
|
Designation : |
Director |
|
Address : |
45 Avenue Junot 75018 Paris 18, France |
|
Date of Birth/Age : |
03.02.1962 |
|
Date of Appointment : |
04.06.2008 |
|
DIN No.: |
02691992 |
|
|
|
|
Name : |
Mr. Chetan Sadanand Sinkar |
|
Designation : |
Director |
|
Address : |
At Chanera, Taluk Aroha, Raigad402109, India |
|
Date of Birth/Age : |
04.12.1979 |
|
Date of Appointment : |
01.01.2014 |
|
DIN No.: |
06783442 |
KEY EXECUTIVES
|
Name : |
Mr. V.A. Palande |
|
Designation : |
Account Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.06.2014
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Semperit Aktiengesellschaft Holding,
Austria |
23076899 |
100.00 |
|
|
1 |
0.00 |
|
Total |
23,076,900 |
100.00 |
As on: 30.06.2014
Equity Share Break up (Percentage of Total Equity)
|
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 : |
Subject is engaged in the Manufacturing of Conveyer Belts. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Thailand |
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Terms : |
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Selling : |
Cash / Credit (30/60/90 Days) |
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Purchasing : |
Cash / Credit (30/60/90 Days) |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
,
|
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Auditors : |
|
|
Name : |
SRBC and Company
LLP Chartered
Accountants |
|
Address : |
14th
Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400028,
Maharashtra, India |
|
PAN No. : |
ACHFS9117R |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Semperit Aktiengesellschaft Holding, Austria |
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Fellow Subsidiary Company : |
|
CAPITAL STRUCTURE
As on: 30.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23076900 |
Equity Shares |
Rs.10/- each |
Rs.230.769 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
230.769 |
230.769 |
230.769 |
|
(b) Reserves & Surplus |
189.649 |
272.567 |
347.761 |
|
(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) |
420.418 |
503.336 |
578.530 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.396 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
12.286 |
10.848 |
10.011 |
|
Total Non-current
Liabilities (3) |
12.286 |
10.848 |
10.407 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
314.126 |
308.522 |
183.501 |
|
(c) Other current
liabilities |
29.098 |
46.673 |
35.406 |
|
(d) Short-term
provisions |
88.379 |
27.592 |
24.536 |
|
Total Current
Liabilities (4) |
431.603 |
382.787 |
243.443 |
|
|
|
|
|
|
TOTAL |
864.307 |
896.971 |
832.380 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
132.469 |
147.354 |
165.576 |
|
(ii) Intangible Assets |
1.032 |
1.035 |
0.448 |
|
(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) |
9.568 |
6.965 |
6.785 |
|
(d) Long-term Loan and Advances |
54.792 |
18.604 |
25.104 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
197.861 |
173.958 |
197.913 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
227.164 |
334.812 |
265.995 |
|
(c) Trade receivables |
226.762 |
196.869 |
94.407 |
|
(d) Cash and cash
equivalents |
182.502 |
169.513 |
257.306 |
|
(e) Short-term loans
and advances |
27.575 |
20.026 |
14.551 |
|
(f) Other current
assets |
2.443 |
1.793 |
2.208 |
|
Total Current Assets |
666.446 |
723.013 |
634.467 |
|
|
|
|
|
|
TOTAL |
864.307 |
896.971 |
832.380 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1273.450 |
849.450 |
1113.990 |
|
|
|
Other Income |
16.120 |
15.950 |
0.000 |
|
|
|
TOTAL (A) |
1289.570 |
865.400 |
1113.990 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
1266.100 |
912.750 |
1078.860 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
23.470 |
(47.350) |
35.130 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.860 |
2.670 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.610 |
(50.020) |
35.130 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
24.310 |
25.570 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL
ITEMS |
80.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(84.700) |
(75.590) |
35.130 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(1.790) |
(0.400) |
20.660 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(82.910) |
(75.190) |
14.470 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
272.570 |
347.760 |
333.300 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
189.660 |
272.570 |
347.770 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(3.59) |
(3.26) |
0.63 |
|
|
Particulars |
|
31.12.2015 |
31.12.2014 |
|
Sales Turnover (Approximately) |
|
1600.000 |
1500.000 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
67.579 |
(80.705) |
237.804 |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(6.51) |
(8.85) |
1.30 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
1.84 |
(5.57) |
3.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(9.91) |
(8.49) |
4.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.20) |
(0.15) |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54 |
1.89 |
2.61 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
230.769 |
230.769 |
230.769 |
|
Reserves & Surplus |
347.761 |
272.567 |
189.649 |
|
Net
worth |
578.530 |
503.336 |
420.418 |
|
|
|
|
|
|
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 |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1113.990 |
849.450 |
1273.450 |
|
|
|
(23.747) |
49.915 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1113.990 |
849.450 |
1273.450 |
|
Profit |
14.470 |
(75.190) |
(82.910) |
|
|
1.30% |
(8.85%) |
(6.51%) |
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 |
Yes |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
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 CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90143601 |
25/10/2010 * |
105,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, N.G.N. VAIDYA MARG, FORT, MUMBAI, Maharashtra -
400023, INDIA |
B00831867 |
* Date of charge modification
OPERATION
AND FUTURE OUTLOOK:
The production was
ramped up and stabilised during the year. The total production was 5860 metric tonnes.
The EBIT was close to breakeven due to intensified competition pressure and
depressed price situation arising out of the general economic slowdown.
The operations
hold promise for better performance based on growth achieved in sales and
production. With additional targets for sales and production, substantial
growth is anticipated. Further with focus on cost reduction and development
effort the performance is expected to be viable in the near future.
FIXED ASSETS:
Ø Building
Ø Electrical Installations
Ø Factory Equipments
Ø Furniture and Fixture
Ø Computers
Ø Office Equipments
Ø Vehicles
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.63.50 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
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 |
|
42 |
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.