MIRA INFORM REPORT
|
Report No. : |
-- |
|
Report Date : |
16.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
mpp technologies private limited |
|
|
|
|
Registered
Office : |
487/C, 4th Phase, 14th Cross, Peenya Industrial
Estate, |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
08.08.1997 |
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|
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|
Com. Reg. No.: |
08-022626 |
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Capital
Investment / Paid-up Capital : |
Rs. 48.883 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909KA1997PTC022626 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRM01402C |
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|
PAN No.: [Permanent Account No.] |
AABCM8851H |
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Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturer, Importer
and Exporter of all types of Heat Exchangers, Transformers, Radiators and
Other Heat Exchangers Systems. |
|
|
|
|
No. of Employees
: |
400 (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 |
|
Maximum Credit Limit : |
USD 780000 |
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|
Status : |
Satisfactory |
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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. As per registrar of companies the date of balance sheet i.e.
financials filed is sown as 31st March, 2014 but the documents
related to the financials for the year 2014 is not available from any
sources. As per available financials of 2013, company has fair profit margin
and good overall financials. Trade relations reported to be fair. Business is active. Payments are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
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 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term rating: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
July 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating: A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
July 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Hariprasad Rai |
|
Designation : |
General Manager |
|
Contact No.: |
91-9886234972 |
|
Date : |
11.03.2015 |
LOCATIONS
|
Registered Office : |
487/C, 4th Phase, 14th Cross, Peenya Industrial
Estate, Bangalore – 560 058, Karnataka, India |
|
Tel. No.: |
91-80-41171187 / 41177523 / 28361567 |
|
Mobile No.: |
91-9886234972 (Hariprasad Rai A) |
|
Fax No.: |
91-80-28362704 |
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E-Mail : |
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|
Website : |
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Corporate Office : |
A 153 and 154, III Cross,
1st Stage, Peenya Industrial Estate, Bangalore - 560 058,
Karnataka, India |
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|
|
|
Factory : |
B-233, 2nd Stage, Peenya Industrial Estate, |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Mohandas Dejoo Shetty |
|
Designation : |
Managing Director |
|
Address : |
No. 41, Kuteera, 80 Feet Road, New Thippasandra Post, Bangalore – 560
075, Karnataka, India |
|
Date of Birth/Age : |
24.11.1943 |
|
Qualification : |
BE (Mech), MS ( |
|
Date of Appointment : |
08.08.1997 |
|
DIN No.: |
00924611 |
|
|
|
|
Name : |
Mr. Malleshaiah Devarajaiah |
|
Designation : |
Director |
|
Address : |
No. 228, 15th Cross, 2nd Stage, 2nd
Phase, Mahalakshmi Layout, |
|
Date of Birth/Age : |
24.05.1955 |
|
Date of Appointment : |
31/03/1998 |
|
DIN No.: |
00628413 |
|
|
|
|
Name : |
Mr. Hannah Mohandas Shetty |
|
Designation : |
Director |
|
Address : |
No. 41, Kuteera 80, |
|
Date of Birth/Age : |
18.12.1948 |
|
Date of Appointment : |
08.08.1997 |
|
DIN No.: |
00628512 |
|
|
|
|
Name : |
Mrs. Susheela Bujanga Hegde |
|
Designation : |
Director |
|
Address : |
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|
Date of Birth/Age : |
29.03.1923 |
|
Date of Appointment : |
08.08.1997 |
|
DIN No.: |
00628587 |
KEY EXECUTIVES
|
Name : |
Mr. Hariprasad Rai |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Mohandas Dejoo Shetty |
262210 |
53.64 |
|
Hannah Mohandas Shetty |
160050 |
32.74 |
|
Renee Mohandas Shetty |
3500 |
0.72 |
|
Malleshaiah Devarajaiah |
500 |
0.10 |
|
Harishchandra Dejoo Shetty |
50 |
0.01 |
|
Saraswathi Shetty |
550 |
0.11 |
|
Pushpalatha H Shetty |
50 |
0.01 |
|
Sameer Shetty |
54882 |
11.23 |
|
Harish C Panth |
6540 |
1.34 |
|
TTP Technologies Private Limited, India |
500 |
0.10 |
|
Total |
488832 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
0.10 |
|
Directors or relatives of Directors |
98.56 |
|
Other top fifty shareholders |
1.34 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer
and Exporter of all types of Heat Exchangers, Transformers, Radiators and
Other Heat Exchangers Systems. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS (As on: 31.03.2011)
|
Particulars |
Unit |
Actual
Production (Including
Labour Charges) |
|
Control Panel Components |
Nos. and Kgs |
1075668.00 |
|
Stator Stacks and Pole Bricks, DBR Assembly |
Nos. |
5939.00 |
|
Transformer Tank and FWT (Local) |
Nos. and Kgs |
1850849.72 |
|
Transformer Tank and FWT (Export) |
Nos. and Kgs |
5021.00 |
|
Door and Door Frames |
Nos. |
17887.00 |
|
Scrap |
Kgs |
1198815.00 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
B. K. Ramadhyani and Company Chartered Accountants |
|
Address : |
4 - B, Chitrapura Bhavan, No. 68, 8th Main, 15th Cross, Malleshwaram, Bangalore -560055, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFB1153G |
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Memberships : |
-- |
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Collaborators : |
-- |
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Managing Director
is also a Managing Director of the company: |
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Managing Partner is
a Director of the company: |
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|
One of the Director
is also the director of M/s. TTP Technologies
Private Limited: |
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|
One of the Director
is also the director of M/s. Paragon Metalex Private
Limited: |
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
488832 |
Equity Shares |
Rs.100/-
each |
Rs. 48.883
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
48.883 |
48.883 |
48.883 |
|
(b) Reserves & Surplus |
224.126 |
195.410 |
162.864 |
|
(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) |
273.009 |
244.293 |
211.747 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
55.807 |
42.132 |
23.468 |
|
(b) Deferred tax liabilities
(Net) |
0.644 |
3.808 |
4.948 |
|
(c) Other long term
liabilities |
12.190 |
24.361 |
37.324 |
|
(d) long-term provisions |
4.130 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
72.771 |
70.301 |
65.740 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
185.385 |
139.172 |
144.631 |
|
(b) Trade payables |
118.760 |
114.800 |
133.001 |
|
(c) Other current liabilities |
56.285 |
46.783 |
37.221 |
|
(d) Short-term provisions |
1.457 |
0.000 |
34.227 |
|
Total
Current Liabilities (4) |
361.887 |
300.755 |
349.080 |
|
|
|
|
|
|
TOTAL |
707.667 |
615.349 |
626.567 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
195.672 |
173.830 |
174.606 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.211 |
0.211 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.557 |
0.557 |
0.557 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
22.022 |
9.857 |
13.596 |
|
(e) Other Non-current assets |
7.135 |
4.408 |
3.548 |
|
Total
Non-Current Assets |
225.597 |
188.863 |
192.307 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
213.037 |
150.389 |
164.222 |
|
(c) Trade receivables |
217.187 |
237.781 |
231.411 |
|
(d) Cash and cash equivalents |
23.837 |
9.217 |
11.335 |
|
(e) Short-term loans and
advances |
22.661 |
16.649 |
23.784 |
|
(f) Other current assets |
5.348 |
12.450 |
3.508 |
|
Total
Current Assets |
482.070 |
426.486 |
434.260 |
|
|
|
|
|
|
TOTAL |
707.667 |
615.349 |
626.567 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
1101.100 |
1004.100 |
923.700 |
|
|
Other Income |
24.700 |
15.900 |
5.600 |
|
|
TOTAL
|
1125.800 |
1020.000 |
929.300 |
|
|
|
|
|
|
|
|
EXPENSES |
1017.000 |
912.800 |
822.200 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
108.800 |
107.200 |
107.100 |
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
39.900 |
30.600 |
22.500 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
68.900 |
76.600 |
84.600 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
26.700 |
30.200 |
31.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
42.200 |
48.700 |
53.300 |
|
|
|
|
|
|
|
|
TAX |
13.500 |
16.200 |
18.100 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
28.700 |
32.500 |
35.100 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
189.300 |
156.800 |
121.600 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
218.000 |
189.300 |
156.800 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B Value of Exports
(Excluding Deemed Exports) Freight Charges, Insurance and etc. |
323.121 |
210.734 |
125.471 |
|
|
TOTAL
EARNINGS |
323.121 |
210.734 |
125.471 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials (Including
freight & Insurance) |
181.734 |
91.004 |
115.668 |
|
|
Spares for Machines |
5.800 |
6.664 |
2.954 |
|
|
Consumables |
2.630 |
3.225 |
7.493 |
|
|
Capital Goods (Including
freight inwards) |
43.457 |
3.011 |
8.818 |
|
|
TOTAL
IMPORTS |
233.621 |
103.904 |
134.933 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
58.74 |
66.58 |
71.89 |
Expected Sales (2014-2015) : Rs.1500.000 Million
The above information has been parted by Mr. Hariprasad Rai
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.61 |
3.24 |
3.80 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.88 |
10.68 |
11.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.97 |
7.92 |
8.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.20 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.88 |
0.74 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.42 |
1.24 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
48.883 |
48.883 |
48.883 |
|
Reserves & Surplus |
162.864 |
195.410 |
224.126 |
|
Net
worth |
211.747 |
244.293 |
273.009 |
|
|
|
|
|
|
long-term borrowings |
23.468 |
42.132 |
55.807 |
|
Short term borrowings |
144.631 |
139.172 |
185.385 |
|
Total
borrowings |
168.099 |
181.304 |
241.192 |
|
Debt/Equity
ratio |
0.794 |
0.742 |
0.883 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
923.700 |
1004.100 |
1101.100 |
|
|
|
8.704 |
9.660 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
923.700 |
1004.100 |
1101.100 |
|
Profit |
35.100 |
32.500 |
28.700 |
|
|
3.80% |
3.24% |
2.61% |
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
FINANCIAL PERFORMANCE
SALES TURNOVER
The company achieved Net sales of Rs. 1101.100 Million Crores, registering a marginal growth of 9.65% over the previous year, despite stiff price competition experienced, during the year under report. The following chart furnishes the growth in sales of the company over the past 7 years: The Company’s initiation of retaining existing customer base and geographic focus market strategy has helped maintain the growth. A 37% growth is achieved in the export market which has helped achieve a repeat performance compared to the preceding year. Having consolidated in the export market, the company has experienced a synergic gain in the export market with a shift to the overseas market on account of increased sales of Corrugated Tanks and Power Transformer Tanks.
BACKGROUND:
Subject was incorporated on 08.08.1997 for manufacturing of light and heavy sheet metal fabrication. The company is a closely held private company with majority shares held by directors and their relatives. The accompanying financial statements reflect the results of the activities undertaken by the company during the year ended March 31, 2013.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
29.707 |
12.256 |
|
Total |
29.707 |
12.256 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
80016225 |
02/07/2014 * |
444,200,000.00 |
STATE BANK OF INDIA |
SPECIALISED MID-CORPORATE BRANCH, NO. 136, RAILWA |
C17101775 |
* Date of charge modification
CONTINGENT
LIABILITIES
(Rs. In Million)
|
Particulars |
31.03.2013 |
31.03.2012 |
|
Bills Discounted and outstanding |
16.038 |
14.859 |
|
Guarantees/Counter Guarantees given to the Bankers against guarantees issued by them |
6.352 |
6.182 |
|
Letter of Credit opened for purchase of steel |
28.437 |
0.000 |
|
Capex Letter of Credit issued in respect of import of Machine from Murata Machinery Limited, Japan with an usance credit of 3 years of the value of $ 217,500 |
11.745 |
0.000 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records 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.62.67 |
|
|
1 |
Rs.93.16 |
|
Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
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 |
|
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.