MIRA INFORM REPORT
|
Report No. : |
328118 |
|
Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUSPA PNEUMATICS INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SUSPA PNEUMATICS INDIA LIMITED |
|
|
|
|
Registered
Office : |
Thiruporu Guvancherry Road, 16 Kayarampedu Pandur Vilage, Pandur
Village, Chennai – 603202, Tamilnadu |
|
Tel. No.: |
91-44-67417004 |
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|
|
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Country : |
India |
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
15.03.1991 |
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Com. Reg. No.: |
18-020487 |
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Capital
Investment / Paid-up Capital : |
Rs. 253.065 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007TN1991PTC020487 |
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|
|
|
IEC No.: |
0493003312 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAKCS9901P |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Gas springs, Hydraulic dampers, Vibration dampers, Lifting
Columns, Piston rods, crash Management systems, Safety systems |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established private limited company incorporated in
the year 1991, having moderate track. Company has recorded some accumulated losses from its operation. Further, in the financial year 2014, the company has reported minimal
profit and net profit margin seems to be very low. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. 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.
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.
INFORMATION PARTED BY
|
Name : |
Mr. Sethu Madhavn |
|
Designation : |
Director – Finance |
|
Contact No.: |
91-44-67417004 |
|
Date : |
20.06.2015 |
LOCATIONS
|
Registered Office : |
Thiruporu Guvancherry Road, 16 Kayarampedu Pandur Vilage, Pandur
Village, Chennai – 603202, Tamilnadu, India |
|
Tel. No.: |
91-44-67417004 |
|
Fax No.: |
91-44-27438130 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 25.09.2014
|
Name : |
Mr. Karl Timo Stahl |
|
Designation : |
Director |
|
Address : |
Bergstrasse 28, 90607 Rueckersdorf, Rueckersdorf, 90607, ,
GERMANY |
|
Date of Birth/Age : |
01.12.1964 |
|
Date of Appointment : |
22.04.2005 |
|
DIN No.: |
00926011 |
|
|
|
|
Name : |
Mr. Hans Jorg Kaltenbrunner |
|
Designation : |
Director |
|
Address : |
Schonbrunngasse 64, Graz, 8010, , Austria |
|
Date of Birth/Age : |
15.03.1957 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
06567048 |
|
|
|
|
Name : |
Mr. Sethumadhavan Venkataraman |
|
Designation : |
Whole-time director |
|
Address : |
No.833, Syndicate Bank Colony, Anna Nagar West Extension, 9th Street, Chennai - 600101, Tamilnadu, India |
|
Date of Birth/Age : |
17.07.1974 |
|
Date of Appointment : |
03.10.2013 |
|
DIN No.: |
06681544 |
|
|
|
|
Name : |
Mr. Michael Coleson Schmidt |
|
Designation : |
Managing director |
|
Address : |
2578, Knightsbridge Road Se, Grand Rapids, Michigan,
495466755, United States of America |
|
Date of Birth/Age : |
07.04.1975 |
|
Date of Appointment : |
01.02.2014 |
|
DIN No.: |
06796432 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
SUSPA Holding Gmbh, Germany |
|
23184407 |
|
Spring C.V. (Nominee share holder for SUSPA Holding Gmbh, Germany) |
|
10 |
|
Stichting Attica (Nominee share holder for SUSPA Holding Gmbh,
Germany) |
|
10 |
|
|
|
|
|
Total |
|
23184427 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
SUSPA Holding Gmbh, Germany |
|
212204 |
|
Total |
|
212204 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2014
|
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 of Gas springs, Hydraulic dampers, Vibration dampers,
Lifting Columns, Piston rods, crash Management systems, Safety systems |
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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 : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30/60/90 Days) |
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Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
|
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
R Subramaniam and Company Chartered Accountants |
|
Address : |
No.6, Old No. 36, Krishnaswamy Avenue, Luz, Mylapore, Chennai – 600004, Tamilnadu, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFR0602F |
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|
|
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Memberships : |
-- |
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|
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|
Collaborators : |
-- |
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|
|
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Holding Company : |
Suspa Germany |
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Associates : |
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|
|
CAPITAL STRUCTURE
As on 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Million |
|
500,000 |
Preference Shares |
Rs.100/- each |
Rs. 50.000 Million |
|
|
Total |
|
Rs. 300.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23,184,427 |
Equity Shares |
Rs.10/- each |
Rs. 231.844
Million |
|
212,204 |
Preference Shares |
Rs.100/- each |
Rs. 21.220
Million |
|
|
Total |
|
Rs. 253.064 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 |
253.065 |
253.065 |
253.065 |
|
(b) Reserves & Surplus |
(118.869) |
(119.171) |
(119.570) |
|
(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) |
134.196 |
133.894 |
133.495 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4.158 |
5.695 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
150.932 |
192.862 |
0.000 |
|
(d) long-term provisions |
4.837 |
3.942 |
4.121 |
|
Total
Non-current Liabilities (3) |
159.927 |
202.499 |
4.121 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
32.010 |
11.946 |
41.469 |
|
(b) Trade payables |
0.000 |
0.000 |
133.703 |
|
(c) Other current liabilities |
11.504 |
9.546 |
10.699 |
|
(d) Short-term provisions |
3.740 |
3.193 |
1.325 |
|
Total
Current Liabilities (4) |
47.254 |
24.685 |
187.196 |
|
|
|
|
|
|
TOTAL |
341.377 |
361.078 |
324.812 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
130.072 |
142.112 |
136.543 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
20.780 |
11.930 |
0.134 |
|
(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 |
5.008 |
9.503 |
6.836 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
155.860 |
163.545 |
143.513 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
98.955 |
106.788 |
95.736 |
|
(c) Trade receivables |
63.424 |
71.177 |
64.021 |
|
(d) Cash and cash equivalents |
4.377 |
4.381 |
10.666 |
|
(e) Short-term loans and
advances |
12.686 |
12.842 |
9.049 |
|
(f) Other current assets |
6.075 |
2.345 |
1.827 |
|
Total
Current Assets |
185.517 |
197.533 |
181.299 |
|
|
|
|
|
|
TOTAL |
341.377 |
361.078 |
324.812 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
490.700 |
510.300 |
432.600 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
(A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
(B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
17.765 |
13.244 |
20.818 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.209 |
0.365 |
5.121 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.556 |
12.879 |
15.697 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
15.254 |
12.480 |
14.265 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
0.302 |
0.399 |
1.432 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
0.302 |
0.399 |
1.432 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
(119.170) |
(119.569) |
(121.001) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
(118.868) |
(119.170) |
(119.569) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
19.529 |
15.896 |
21.111 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
124.352 |
162.775 |
166.911 |
|
|
TOTAL
IMPORTS |
124.352 |
162.775 |
166.911 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.001 |
0.001 |
0.006 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
560.000 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
5.004 |
5.421 |
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) |
(%) |
0.06 |
0.08 |
0.33 |
|
|
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.62 |
2.60 |
4.81 |
|
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.09 |
0.11 |
0.44 |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.00 |
0.01 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.31 |
0.17 |
0.31 |
|
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.93 |
8.00 |
0.97 |
|
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 |
253.065 |
253.065 |
253.065 |
|
Reserves & Surplus |
(119.570) |
(119.171) |
(118.869) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
133.495 |
133.894 |
134.196 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
5.695 |
4.158 |
|
Short term borrowings |
41.469 |
11.946 |
32.010 |
|
current maturities of
long-term debts |
0.000 |
5.421 |
5.004 |
|
Total
borrowings |
41.469 |
23.062 |
41.172 |
|
Debt/Equity
ratio |
0.311 |
0.172 |
0.307 |
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 |
432.600 |
510.300 |
490.700 |
|
|
|
17.961 |
(3.841) |
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 |
432.600 |
510.300 |
490.700 |
|
Profit |
1.432 |
0.399 |
0.302 |
|
|
0.33% |
0.08% |
0.06% |
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 four 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 |
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 |
NOTE: Registered office of the company has been shifted from 144/7, Old Mahabalipuram Road, Kottivakkam, Madras – 600041, Tamilnadu, India to the present address w.e.f. 15.06.2007
FUTURE OUTLOOK /
OPERATIONS:
The company achieved a turnover of Rs. 4,90.700 Million and incurred a profit of Rs. 0.302 Million and the directors are confident that year 2014 - 15 will witness an improvement growth and to have an increased sale by means of additional marketing from Toyota Kirloskar Motor, IZUZU India and Ford India.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10433446 |
16/11/2012 |
15,000,000.00 |
BANK OF INDIA |
33/3, 1st Main Road,, Gandhi Nagar, Adyar,, CHENNAI, Tamil Nadu - 600020, INDIA |
B70202122 |
|
2 |
10053199 |
16/05/2007 |
2,150,000.00 |
BANK OF INDIA |
ADYAR BRANCH, NO. 33/3, 1ST MAIN ROAD,, GANDHI NAGAR, ADYAR,, CHENNAI, Tamil Nadu - 600020, INDIA |
A16017766 |
|
3 |
10039198 |
09/02/2007 |
60,000,000.00 |
BANK OF INDIA |
ADYAR BRANCH, NO. 33/3, 1ST MAIN ROAD,, GANDHI NAGAR, ADYAR,, CHENNAI, Tamil Nadu - 600020, INDIA |
A11404639 |
|
4 |
10031296 |
13/12/2006 |
400,000.00 |
BANK OF INDIA |
NO. 33/3,
1ST MAIN ROAD, GANDHI NAGAR, ADYAR, C |
A08737660 |
|
5 |
90282427 |
31/03/2003 |
4,000,000.00 |
BANK OF INDIA |
ADYAR BRANCH, CHENNAI, Tamil Nadu - 600020, INDIA |
- |
|
6 |
90283129 |
04/08/2001 |
1,300,000.00 |
ASSOCIATES INDIA FIANCIAL SERVICES PVT. LTD. |
3;L.S.C.; PUSHP
VIHAR, NEW DELHI, Delhi - 110062, |
- |
|
7 |
90282304 |
02/01/2001 |
24,000,000.00 |
BANK OF INDIA |
ADYAR, GANDHI NAGAR, CHENNAI, Tamil Nadu - 600020, INDIA |
- |
|
8 |
90282176 |
08/06/2010 * |
35,000,000.00 |
BANK OF INDIA |
ADYAR BRANCH,, GANDHI NAGAR, CHENNAI, Tamil Nadu - 600020, INDIA |
A88710033 |
|
9 |
90284485 |
16/01/1998 |
725,000.00 |
SUNDARAM FINANCE LIMITED |
NO - 21; PATULLOS ROAD, CHENNAI, Tamil Nadu - 6000 02, INDIA |
- |
|
10 |
90284484 |
12/01/1998 |
85,200.00 |
SUNDARAM FINANCE LIMITED |
NO - 21; PATULLOS ROAD, CHENNAI, Tamil Nadu - 600002, INDIA |
- |
*Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- 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 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.63.82 |
|
|
1 |
Rs.101.26 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
26 |
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.