MIRA INFORM REPORT
|
Report No. : |
310402 |
|
Report Date : |
02.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
HYVA (INDIA) PRIVATE LIMITED (w.e.f. 24.01.2001) |
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Formerly Known
As : |
HYVA INDIA
TRANSPORTATION SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
Plot
# EL – 215, M.I.D.C., Mahape, Navi Mumbai – 400701, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.12.2013 |
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Date of
Incorporation : |
02.09.1996 |
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Com. Reg. No.: |
11-102299 |
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Capital
Investment / Paid-up Capital : |
Rs.12.510
Millions |
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CIN No.: [Company Identification
No.] |
U50100MH1996PTC102299 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH07261C |
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PAN No.: [Permanent Account No.] |
AAACH2006C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in fabrication of tipper bodies, tipping trailers, mounting/ installation of hydraulic systems, manufacturing of hydraulic cylinders, garbage compactors, Tipping Valve. |
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No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a part of “Hyva Group, Netherlands”. It is an established company having satisfactory track. The company possesses an acceptable financial profile marked by
adequate networth base along with moderate payment capabilities. Management has witnessed a dip in its turnover, whereas has reported a
modest improvement in its net profitability from its limited scale of
operations during FY December 2013. The ratings also take into consideration, the modest recovery in the
operations of the subject’s ultimate parent company after a sharp
deterioration in its business during 2012 as a result of which they have
recorded a weak credit metrics. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. In view of the management’s capability to grow customer base and
maintain cordial relations with the existing reputed clients, the company can
be considered for business dealings at usual trade terms and conditions with
caution. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
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
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mr. Sudhir |
|
Designation : |
AGM Finance |
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Contact No.: |
91-22-67618813 |
|
Date : |
07.02.2015 |
LOCATIONS
|
Registered Office/ Administrative Office/ Factory 1
: |
Plot
# EL – 215, M.I.D.C., Mahape, Navi Mumbai – 400701, Maharashtra, India |
|
Tel. No.: |
91-22-67618888 / 27610504 /
66165590 / 66165440 / 27671512/ 27672846 / 27635185 |
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Fax No.: |
91-22-27672846 / 27610504 / 27672182 |
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E-Mail : |
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Website : |
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Factory 2 : |
SY No 18, Balgaranhally, Attibely Industrial Estate Hosur
Main Road, Bangalore – 562107, Karnataka, India |
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E-Mail : |
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Factory 3 : |
C-23, 24, 25, 26, 29, 30 31, III Phase, Adityapur
Industrial Estate, Adityapur Jamshedpur – 831013, Jharkhand, India |
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Tel. No.: |
91-657-6541522 |
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E-Mail : |
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Factory 5: |
Located at · Pune |
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Sales Office 1 : |
D. No: 7-1-613/14/A/201, Lakshmishree Complex, Amirpet – Hyderabad,
Andhra Pradesh, India |
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Sales Office 2 : |
C/o Sri Naga Motors (Hyva), No. 893, Ist Floor, Swaraj Building, MES
Ring Road, Muthyalamma Nagar, Gokula Post, Bangalore – 560054, Karnataka,
India |
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Tel. No.: |
91-80-23454816 |
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E-Mail : |
DIRECTORS
AS ON 30.06.2014
|
Name : |
Mr. Kanakraj Shankhesraj |
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Designation : |
Additional Director |
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Address : |
Building No. 3A/Flat 1401 Siddhachal Phase VI, Near Vasant
Vihar, Thane, 400610, Maharashtra, INDIA |
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Date of Birth/ Age : |
29.04.1967 |
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Date of Appointment : |
29.01.2015 |
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DIN No.: |
07081316 |
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Name : |
Mr. Brice Henry Bricheateau de la Morandiere |
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Designation : |
Director |
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Address : |
B Rue Du Vieux, Colombier, 75006, Paris, 06, Paris 75006, France |
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Date of Appointment : |
13.10.2011 |
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DIN No.: |
05106756 |
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Other Directorship : |
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Name : |
Mr. Sudhir Govind Mhetre |
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Designation : |
Alternate Director |
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Address : |
Flat No. B-304, Raqmdev Complex, Sector – 19, Airoli, Navi Mumbai –
400708, Maharashtra, India |
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Date of Birth/ Age : |
21.04.1970 |
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Date of Appointment : |
23.06.2012 |
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DIN No.: |
02549626 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Manoj Patil |
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Designation : |
Accountant |
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|
Name : |
Mr. Sudhir |
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Designation : |
AGM Finance |
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Name : |
Ms. Aasha |
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Designation : |
Account Executive |
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Name : |
Mr. Atul |
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Designation : |
Account Assistant |
MAJOR SHAREHOLDERS
As on 30.06.2014
|
Names of Shareholders |
No. of Shares |
|
Sudhir Madhav Prabhu (Nominee Shareholder) |
20 |
|
Hyva Transport Technik GMBH, Austria |
1251000 |
|
Total |
1251020 |
Equity Share Break up (Percentage of Total Equity)
As on 30.06.2014
|
Category |
Percentage of
Holding |
|
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 |
%20PRIVATE%20LIMITED%20-%20310402%2002-Mar-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in fabrication of tipper bodies, tipping trailers, mounting/ installation of hydraulic systems, manufacturing of hydraulic cylinders, garbage compactors, Tipping Valve. |
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Products : |
· Tipper Bodies · Tipping Trailers · Mounting / Installation of Hydraulic Systems · Manufacturing of Hydraulic Cylinders · Garbage Compactors |
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Brand Names : |
Not Divulged |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
-- |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by management |
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Bankers : |
·
ABN
Amro Bank N.A., 14, Veer Nariman Road, Now
Shifted to, 7th Floor, Sakhar Bhavan, Nariman Point, Mumbai –
400021, Maharashtra, India ·
Deutsche
Bank, Fort Branch, Mumbai, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Price
Waterhouse Chartered
Accountants |
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Address : |
252,
Veer Savarkar Marg, Shivaji Park, Dadar, Mumbai – 400026, Maharashtra, India |
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PAN.: |
AAEFP3641G
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Holding Company : |
· Hyva Transporttechnik GmbH, Austria · Hyva Holding B.V., Netherlands |
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Ultimate Holding
Company : |
Hyva Global B.V., Netherlands (Effective April 13, 2011) |
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Fellow Subsidiaries
: |
·
Hyva do Brasil Hidráulica Limited, Brazil ·
Technamics B.V., Netherlands ·
Hyva Mechanics (Yang Zhou) Limited, China · Hyva (UK) Limited, United Kingdom ·
Hyva Ibérica S.A., Spain ·
Georg Hydraulik GmbH, Germany ·
Hyva International B.V., Netherlands ·
Hyva Thailand Company Limited, Thailand ·
Technomet S.R.L, Italy ·
Amco Veba S.R.L., Italy ·
Ferrari International, SPA, Italy · PT Hyva Indonesia, Indonesia · Hyva Malayasia SDN. Bhd., Malaysia |
CAPITAL STRUCTURE
AS ON 30.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1251020 |
Equity Shares |
Rs.10/- each |
Rs.12.510
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
12.510 |
12.510 |
12.510 |
|
(b) Reserves & Surplus |
1989.384 |
2354.944 |
2198.892 |
|
(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) |
2001.894 |
2367.454 |
2211.402 |
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.360 |
0.000 |
0.000 |
|
(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 |
16.150 |
14.987 |
14.493 |
|
Total Non-current
Liabilities (3) |
18.510 |
14.987 |
14.493 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
115.492 |
78.176 |
|
(b) Trade
payables |
968.194 |
687.140 |
1370.097 |
|
(c) Other
current liabilities |
135.433 |
126.543 |
126.205 |
|
(d) Short-term
provisions |
19.927 |
30.957 |
45.968 |
|
Total Current
Liabilities (4) |
1123.554 |
960.132 |
1620.446 |
|
|
|
|
|
|
TOTAL |
3143.958 |
3342.573 |
3846.341 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
278.860 |
345.623 |
379.231 |
|
(ii)
Intangible Assets |
3.577 |
7.901 |
7.282 |
|
(iii)
Capital work-in-progress |
0.204 |
0.988 |
1.820 |
|
(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) |
69.195 |
59.671 |
52.894 |
|
(d) Long-term Loan and Advances |
133.236 |
112.129 |
117.698 |
|
(e) Other
Non-current assets |
12.081 |
5.264 |
4.901 |
|
Total Non-Current
Assets |
497.153 |
531.576 |
563.826 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
831.214 |
786.202 |
1638.610 |
|
(c) Trade
receivables |
1001.185 |
790.658 |
1136.461 |
|
(d) Cash
and cash equivalents |
537.604 |
901.704 |
120.222 |
|
(e)
Short-term loans and advances |
272.356 |
325.643 |
385.629 |
|
(f) Other
current assets |
4.446 |
6.790 |
1.593 |
|
Total
Current Assets |
2646.805 |
2810.997 |
3282.515 |
|
|
|
|
|
|
TOTAL |
3143.958 |
3342.573 |
3846.341 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5322.420 |
5892.840 |
6700.580 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
334.690 |
660.880 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
4.150 |
1.080 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
330.540 |
659.800 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
NA |
95.260 |
93.350 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
523.210 |
235.280 |
566.450 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
175.690 |
79.230 |
186.96 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
347.520 |
156.050 |
379.490 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
277.79 |
124.74 |
303.34 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.53 |
2.65 |
5.66 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
5.68 |
9.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.02 |
7.17 |
14.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.10 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.05 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.36 |
2.93 |
2.03 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
12.510 |
12.510 |
12.510 |
|
Reserves & Surplus |
2198.892 |
2354.944 |
1989.384 |
|
Net
worth |
2211.402 |
2367.454 |
2001.894 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
2.360 |
|
Short term borrowings |
78.176 |
115.492 |
0.000 |
|
Total
borrowings |
78.176 |
115.492 |
2.360 |
|
Debt/Equity
ratio |
0.035 |
0.049 |
0.001 |
%20PRIVATE%20LIMITED%20-%20310402%2002-Mar-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
6700.580 |
5892.840 |
5322.420 |
|
|
|
(12.055) |
(9.680) |
%20PRIVATE%20LIMITED%20-%20310402%2002-Mar-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
6700.580 |
5892.840 |
5322.420 |
|
Profit |
379.490 |
156.050 |
347.520 |
|
|
5.66% |
2.65% |
6.53% |
%20PRIVATE%20LIMITED%20-%20310402%2002-Mar-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS ARE NOT AVAILABLE
CHANGE OF ADDRESS
The Registered Office of the company has been shifted from Plot # C-255, MIDC Pawane
Village, Navi Mumbai – 400 705, Maharashtra, India, to the present address with
effect from 23.12.2006.
COMPANY
PROFILE
The Company is a Company incorporated under The Companies Act, 1956. The Company is primarily engaged in
fabrication of tipper bodies, tipping trailers, mounting/
installation of hydraulic systems, manufacturing of hydraulic cylinders,
garbage compactors, Tipping Valve. The Company has its own manufacturing
facilities at Navi Mumbai and Pune in the state of Maharashtra, Bengaluru in
the state of Karnataka and Jamshedpur in the state of Jharkhand.
FINANCIAL RESULTS
Indian Economy was expected to be weak in 2013 with stubbornly-high double
digit inflation, low Commercial Vehicle demand, low GDP Growth etc. Year 2013
was full of surprises, fierce competition, volatile FX market, political
uncertainty etc. The road ahead looks full of challenges. They are sure that
they shall conquer this phase through their abilities of teamwork, being agile
and flexible and being decisive.
BUSINESS SCENARIO
India continues to be an emerging global automotive power offering vast opportunities
for Investment. Indian economy is likely to grow in the range of 5.4 to 5.9 per
cent in 2014-15 overcoming the sub-5 per cent GDP growth of past two years,
even as poor monsoon and disturbed external environment remain a cause for
concern. Industrial growth is also expected to be positive. A general election
resulted in a stable Government. New Govt. declared in its maiden budget the
intention to spur the infrastructure development
The Company has been able to improve its market share with all major
customers. New OEM’s are entering into the manufacturing of commercial vehicles
and adding more opportunities for the company.
BUSINESS OPERATIONS
Management has proposed to invest in a cylinder capacity over three
stages. The primary reason is volume growth in India, additional product now
made in India (UMB/E) and additional customers i.e. Daimler, Volvo and Scania.
The nature of capacity expansion allows incremental volume at varying levels of
investment. This proposal ensures Hyva’s continued business with a growing
customer base in the Indian market, and also allows their exports to grow
significantly to emerging markets like MEA. Management is seeking approval for
Tipper Factory at Chennai, which will mainly cater to Daimler. The investment is
for a satellite factory adjacent (within 20km) to Daimler facility.
UNSECURED LOANS
|
Particulars |
31.12.2013 Rs. In Millions |
31.12.2012 Rs. In Millions |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks (Buyers Credit Loan from Banks (Secured by Promissory Note in favour of Bankers)) |
0.000 |
115.492 |
|
Total |
0.000 |
115.492 |
FIXED ASSETS:
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
Intangible Assets
· Computer Software
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.61.74 |
|
|
1 |
Rs.94.65 |
|
Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
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.