MIRA INFORM REPORT
|
Report No. : |
327386 |
|
Report Date : |
16.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
HAGER ELECTRO PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gat No. 19/23, (Part) Mauje, Vadhukhurd, Phulgaon Road, Lonikand,
Pune-412216, Maharashtra |
|
Mobile. No.: |
91-9922471799 (Sandeep) |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of Incorporation
: |
02.01.2007 |
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|
|
|
Com. Reg. No.: |
25-130863 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs. 259.498 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909PN2007PTC130863 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCH7896K |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Electricals Switches. |
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|
|
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1200000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. A reserves of the company is low. However, rating takes into consideration company’s healthy operational
risk profile marked by fair profitability margins along with adequate capital
base, improved financial profile and moderate debt protection metrics of the
company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Sandeep |
|
Designation : |
Account Assistant |
|
Contact No.: |
91-9922471799 |
|
Date : |
15.06.2015 |
LOCATIONS
|
Registered Office/Factory : |
Gat No. 19/23, (Part) Mauje, Vadhukhurd, Phulgaon Road, Lonikand,
Pune-412216, Maharashtra |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9922471799 (Sandeep) |
|
Fax No.: |
Not Available |
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E-Mail: |
|
|
Area : |
4000 Sq. Ft |
|
Location : |
Owned |
|
Locality: |
Commercial |
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|
|
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Corporate Office : |
Office 2A, First Floor, North Court Building, Opposite Joggers Park, Kalyani Nagar, Pune- 411 006, Maharashtra, India |
|
Tel. No.: |
91-20-41477500 |
|
Fax No.: |
91-20-41477510 |
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|
|
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Delhi Office: |
B 217, Tower B, DLF Towers, Jasola, New Delhi- 110025, India |
|
Tel. No.: |
91-11-49677500 |
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Fax No.: |
91-11-49677555 |
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Mumbai Office: |
Office # 1301A, Tower 3, Indiabulls Finance, Elphinstone Road, Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-71813200 |
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|
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Warehouse |
Milkat No. 1192, Gat No.516, Avhalwadi Road, Avhalwadi, Taluka - Haveli, Pune - 412207, Maharashtra, India |
DIRECTORS
AS ON: 30.09.2014
|
Name : |
Mr. Jacques Jean Philippe Klethi |
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Designation : |
Director |
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Address : |
9, Rue Des Aulnes, Clomar – 68000, France |
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Date of Birth/Age : |
10.07.1963 |
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Date of Appointment : |
23.02.2010 |
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DIN No.: |
02904429 |
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Name : |
Mr. Benoit Albert Georges Lecuyer |
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Designation : |
Managing Director |
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|
Address : |
18, B, Belvedere, Sane Guruji Road, Jacob Circle, Mahalaxmi, Mumbai –
400011, Maharashtra, India |
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Date of Birth/Age : |
15.03.1964 |
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Date of Appointment : |
30.09.2011 |
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PAN. No: |
AJDPG3146P |
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DIN No.: |
03329055 |
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Other
Directorship:
|
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|
Name : |
Mr. Geraldine Valerie Stahl Ciotta |
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|
Designation : |
Director |
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|
Address : |
78, RUE, DE LA, Cavalerie, Colmar – 68000, France |
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Date of Birth/Age : |
03.03.1974 |
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Date of Appointment : |
30.09.2011 |
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DIN No.: |
03405925 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Sunil Kumar Jha |
|
Designation : |
Secretary |
|
Address : |
F No.54, Dahalia Building NECO, Garden Viman Nagar, Pune – 411014,
Maharashtra, India |
|
Date of Birth/Age : |
02.08.1975 |
|
Date of Appointment : |
11.06.2007 |
|
PAN No. : |
AECPJ3061N |
|
|
|
|
Name : |
Mr. Devesh Sharad Tudekar |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Hager Electro S. A.S., France |
|
25949847 |
|
Hager Control S.A.S., France |
|
1 |
|
|
|
|
|
Total |
|
25949848 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Electricals Switches. |
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|
|
Products : |
Electricals Switches |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Electricals Switches |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash, Cheque and Credit (60/90 days) |
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Purchasing : |
Cash, Cheque and Credit (60/90 days) |
PRODUCTION STATUS (31.03.2014)
|
Particulars |
Installed Capacity |
Production |
|
MCBs(In Poles) |
6428571 |
5253646 |
|
RCCBs(In Qty): |
750000 |
94309 |
|
Isolators (In Qty) |
-- |
112580 |
|
RCBO (In Qty) : |
-- |
13102 |
(Installed capacity are not established as this product is the assembly of MCB and RCD AoB, the manufacturing of this product is solely dependent upon demand.)
Notes:
A. Capacity shown is on annualized basis as certified by the management and accepted by the auditors, this being a technical matter.
B. Quantitative data mentioned above for MCB and RCBO is in terms of Pole, which is standard unit of measurement for Capacity calculation whereas for RCCB and Isolators, capacity is based on saleable Unit.
C. In MCB line, 6.4 Mio poles of installed capacity is considered for the OEE of 85%.
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Khare Deshmukh and Company Chartered Accountants |
|
Address : |
23, Wireless Colony, Lane Opposite Mcdonalds, Aundh, Pune-411007, Maharashtra, India |
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PAN No.: |
AAIFK6081H |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
|
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Holding Company : |
Hager Electro S.A.S, France |
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|
Fellow Subsidiary
Company : |
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CAPITAL STRUCTURE
AS ON: 30.09.2014
Authorized Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs. 400.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25949848 |
Equity Shares |
Rs.10/- each |
Rs. 259.498
Million |
|
|
|
|
|
AS ON: 31.03.2014
Authorized Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28000000 |
Equity Shares |
Rs.10/- each |
Rs. 280.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25949848 |
Equity Shares |
Rs.10/- each |
Rs. 259.498
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 |
259.498 |
259.498 |
259.498 |
|
(b) Reserves &
Surplus |
163.686 |
119.402 |
96.166 |
|
(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) |
423.184 |
378.900 |
355.664 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
125.886 |
105.397 |
102.510 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.535 |
0.357 |
|
(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) |
125.886 |
105.932 |
102.867 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
879.746 |
440.905 |
252.425 |
|
(c) Other current
liabilities |
6.783 |
25.445 |
33.453 |
|
(d) Short-term provisions |
44.318 |
52.449 |
12.048 |
|
Total Current Liabilities
(4) |
930.847 |
518.799 |
297.926 |
|
|
|
|
|
|
TOTAL |
1479.917 |
1003.631 |
756.457 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
166.670 |
175.919 |
167.894 |
|
(ii) Intangible Assets |
0.507 |
0.629 |
0.341 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
(9.468) |
15.704 |
17.505 |
|
(e) Other Non-current
assets |
19.350 |
4.924 |
4.909 |
|
Total Non-Current Assets |
177.059 |
197.176 |
190.649 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
373.706 |
256.329 |
286.199 |
|
(c) Trade receivables |
444.420 |
493.399 |
206.435 |
|
(d) Cash and cash
equivalents |
443.412 |
29.523 |
43.454 |
|
(e) Short-term loans and
advances |
37.216 |
27.204 |
29.720 |
|
(f) Other current assets |
4.104 |
0.000 |
0.000 |
|
Total Current Assets |
1302.858 |
806.455 |
565.808 |
|
|
|
|
|
|
TOTAL |
1479.917 |
1003.631 |
756.457 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
1186.790 |
954.676 |
702.908 |
|
|
Other Income |
24.368 |
4.377 |
2.682 |
|
|
TOTAL |
1211.158 |
959.053 |
705.590 |
|
|
|
|
|
|
|
Less: |
EXPENSES |
|
|
|
|
|
Expenses |
1145.713 |
908.740 |
687.102 |
|
|
Exceptional Items |
(11.200) |
11.200 |
0.000 |
|
|
TOTAL |
1134.513 |
919.940 |
687.102 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
76.645 |
39.113 |
18.488 |
|
|
|
|
|
|
|
Less: |
TAX |
32.361 |
15.878 |
9.623 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
44.284 |
23.235 |
8.865 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
4.092 |
18.430 |
|
|
|
Raw Materials |
290.332 |
207.735 |
|
|
|
Advertisement and Other
Materials |
0.000 |
0.912 |
NA |
|
|
Raw material in Transit |
58.536 |
46.928 |
|
|
|
Finished Goods ( for
trading) |
167.269 |
135.947 |
|
|
|
Finished Goods in Transit
(for trading) |
9.212 |
5.655 |
|
|
|
TOTAL IMPORTS |
529.441 |
415.607 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.71 |
0.90 |
0.34 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1180.000 |
Expected Sales (2015-2016) : Rs. 1400.000 Million
The above information has been parted by Mr. Sandeep Account Assistant
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 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.73 |
2.43 |
1.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.18 |
3.90 |
2.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.10 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.30 |
0.28 |
0.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
1.55 |
1.90 |
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 |
259.498 |
259.498 |
259.498 |
|
Reserves & Surplus |
96.166 |
119.402 |
163.686 |
|
Net worth |
355.664 |
378.900 |
423.184 |
|
|
|
|
|
|
long-term borrowings |
102.510 |
105.397 |
125.886 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
102.510 |
105.397 |
125.886 |
|
Debt/Equity ratio |
0.288 |
0.278 |
0.297 |
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) |
|
Revenue from Operations |
702.908 |
954.676 |
1186.790 |
|
|
|
35.818 |
24.313 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from Operations |
702.908 |
954.676 |
1186.790 |
|
Profit |
8.865 |
23.235 |
44.284 |
|
|
1.26% |
2.43% |
3.73% |
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 |
Yes |
|
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 |
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) |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long Term
Borrowings: |
|
|
|
Other Loans and Advances |
125.886 |
105.397 |
|
|
|
|
|
Total |
125.886 |
105.397 |
INDEX
OF CHARGES:
No Charges Exist for the Company
FIXED ASSETS:
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Motor Vehicles
- Office Equipment
- Computer Equipment
- Other Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 64.09 |
|
UK Pound |
1 |
Rs. 99.57 |
|
Euro |
1 |
Rs. 71.84 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNU |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
THR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.