MIRA INFORM REPORT
|
Report No. : |
320275 |
|
Report Date : |
02.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
KIRLOSKAR TOYOTA
TEXTILE MACHINERY PRIVATE LIMITED (w.e.f.17.12.2012) |
|
|
|
|
Formerly Known
As : |
KIRLOSKAR TOYODA TEXTILE MACHINERY PRIVATE LIMITED |
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|
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Registered
Office : |
Plot No. 10-13, Phase II, Jigani Industrial Area, Jigani, Taluk Anekal, Bangalore - 560105,
Karnataka |
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Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.201 |
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|
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|
Date of
Incorporation : |
14.08.1995 |
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|
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Com. Reg. No.: |
08-018529 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 2269.000
Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U99999KA1995PTC018529 |
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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.] |
AAACK7425Q |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Selling of Textile Machinery and Auto Components. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “TOYOTA INDUSTRIES CORPORATION, JAPAN”. It
is an established company having satisfactory track record. As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2014 but the documents related to
financials are not available for any source. As per available financial record of 2013, a reserve of the company is
low. However, the rating reflects company’s established track record of
business operation marked by decent capital base of the company and financial
as well as managerial support that company receives from its parent company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of strong holding support, the company can be considered for
business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 PARTED BY
|
Name : |
Mr. Kumar |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-8110419555 |
|
Date : |
29.04.2015 |
LOCATIONS
|
Registered/ Head Office : |
Plot No. 10-13, Phase II, Jigani Industrial Area, Jigani, Taluk Anekal, Bangalore - 560105,
Karnataka, India |
|
Tel. No.: |
91-80-27826201-206/ 27826215 |
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Contact No.: |
91-8110419555 (Mr. Kumar) |
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Fax No.: |
91-80-27826207 |
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E-Mail : |
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Website : |
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Textile Division : |
Located at: v Delhi v Kolhapur v Coimbatore v Mumbai v Guntur |
DIRECTORS
AS ON 21.06.2013
|
Name : |
Mr. Masafumi Kunito |
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Designation : |
Managing director |
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Address : |
No. 705, 7th Floor, Olmpus Tower II, Prestige Acropolis, No.
20, Hosur Road, Koramangala, Bangalore – 560059, Karnataka, India |
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Date of Birth/Age : |
27.01.1959 |
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Date of Appointment : |
05.07.2012 |
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PAN No.: |
AJPPK5653B |
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DIN No.: |
02685172 |
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Other Directorship :
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Name : |
Mr. Vikram Shreekant Kirloskar |
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Designation : |
Director |
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Address : |
Kirloskar Residence, Kirloskar Business Park, Bellary Road, Hebbal,
Bangalore – 560024, Karnataka, India |
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Date of Birth/Age : |
19.11.1958 |
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Date of Appointment : |
14.08.1995 |
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DIN No.: |
00007907 |
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Name : |
Mr. Norio Sasaki |
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Designation : |
Chairman and Director |
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Address : |
15-16, Tennoudai, Miyoshi-Shi Aichi 34209, Japan |
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Date of Birth/Age : |
10.06.1953 |
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Date of Appointment : |
17.09.2010 |
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DIN No.: |
03125033 |
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Other Directorship : |
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Name : |
Mr. Susumu Toyoda |
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Designation : |
Director |
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Address : |
177, Hachimanyama, Tenpaku-ku, Nagoya-shi, Aichi, Japan |
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Date of Birth/Age : |
17.01.1967 |
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Date of Appointment : |
10.09.2011 |
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DIN No.: |
03583641 |
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Name : |
Mr. Koichi Makino |
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Designation : |
Whole-time director |
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Address : |
No. 9-A, 9th Floor, Regency Heights, Cleveland Road,
Bangalore – 560005, Karnataka, India |
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Date of Birth/Age : |
03.08.1954 |
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Date of Appointment : |
21.06.2013 |
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DIN No.: |
06612069 |
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Name : |
Mr. Kiyotsugu Kurimoto |
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Designation : |
Director |
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Address : |
65, Nakashinden Hirashima-cho, Yatomi-shi, Aichi Ken 4980031 Japan |
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Date of Birth/Age : |
26.04.1958 |
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Date of Appointment : |
07.04.2014 |
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DIN No.: |
06612247 |
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Name : |
Mr. Parasuraman Tirunelveli Ratnagiri |
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Designation : |
Whole-time director |
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Address : |
Flat No. 608, E Block, Brigade Gateway, # 26/1, Dr. Rajkumar Road,
Opposite WTC, Malleswaram [West], Bangalore - 560055, Karnataka, India |
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Date of Birth/Age : |
22.04.1964 |
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Date of Appointment : |
25.10.2013 |
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DIN No.: |
06695918 |
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KEY EXECUTIVES
|
Name : |
Mr. Prabhat Joshi |
|
Designation : |
Secretary |
|
Address : |
#33, 13th Main, Jagruti Colony, 7th Phase, J P Nagar, Bangalore, 560078, Karnataka, INDIA |
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Date of Birth/Age : |
01.03.1988 |
|
Date of Appointment : |
10.07.2012 |
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PAN No.: |
AKJPJ6837H |
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|
Name : |
Mr. Kumar |
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Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.06.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Toyota Industries Corporation, Japan |
951585814 |
98.85 |
|
Kirloskar Systems Limited, India |
11085677 |
1.15 |
|
Total |
962671491 |
100.00 |
AS ON 21.06.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
98.85 |
|
Bodies
corporate |
1.15 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Textile Machinery and Auto Components. |
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Products/ Services : |
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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 : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Auditors : |
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|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
5th Floor, Tower D, The Millenia, 1 and 2,
Murphy Road, Ulsoor, Bangalore – 560008, Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHFP0187A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Holding company : |
Toyota Industries Corporation, Japan |
CAPITAL STRUCTURE
AS ON 28.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
963,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 9630.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
962,671,491 |
Equity Shares |
Rs. 10/- each |
Rs. 9626.715
Million |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
338,620,000 |
Equity Shares |
Rs. 10/- each |
Rs. 3386.200 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
226,896,694 |
Equity Shares |
Rs. 10/- each |
Rs. 2269.000
Million |
|
|
|
|
|
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 |
2269.000 |
2269.000 |
2426.200 |
|
(b) Reserves & Surplus |
385.600 |
354.800 |
300.200 |
|
(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) |
2654.600 |
2623.800 |
2726.400 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
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 |
47.800 |
44.700 |
50.300 |
|
Total
Non-current Liabilities (3) |
47.800 |
44.700 |
50.300 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
255.000 |
107.400 |
453.200 |
|
(c)
Other current liabilities |
267.900 |
244.300 |
414.600 |
|
(d)
Short-term provisions |
38.200 |
42.300 |
16.600 |
|
Total
Current Liabilities (4) |
561.100 |
394.000 |
884.400 |
|
|
|
|
|
|
TOTAL |
3263.500 |
3062.500 |
3661.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1304.700 |
528.700 |
519.600 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
57.600 |
636.700 |
39.000 |
|
(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) |
66.600 |
85.500 |
84.100 |
|
(d) Long-term Loan
and Advances |
216.500 |
96.000 |
74.500 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1645.400 |
1346.900 |
717.200 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
522.900 |
613.400 |
748.600 |
|
(c)
Trade receivables |
332.600 |
134.300 |
292.100 |
|
(d)
Cash and cash equivalents |
630.300 |
878.400 |
1599.600 |
|
(e)
Short-term loans and advances |
101.500 |
49.800 |
85.200 |
|
(f)
Other current assets |
30.800 |
39.700 |
218.400 |
|
Total
Current Assets |
1618.100 |
1715.600 |
2943.900 |
|
|
|
|
|
|
TOTAL |
3263.500 |
3062.500 |
3661.100 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Income |
2950.000 |
2680.600 |
3094.900 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
226.700 |
256.300 |
434.600 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.800 |
1.000 |
1.960 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
224.900 |
255.300 |
432.640 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
139.800 |
120.000 |
177.190 |
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL ITEM |
0.000 |
1.700 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
85.100 |
133.600 |
255.450 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
27.700 |
52.600 |
91.450 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
57.400 |
81.000 |
164.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Textile Machine Export Income |
294.800 |
208.000 |
0.000 |
|
|
|
Sales Autoparts |
0.090 |
0.000 |
0.000 |
|
|
|
Exports to TICO and Others |
0.000 |
0.000 |
307.000 |
|
|
|
(Goods & Services) Sales to TKAP(EOU) |
0.000 |
0.000 |
872.000 |
|
|
|
Textile division sale to EOU |
0.000 |
0.000 |
7.560 |
|
|
TOTAL EARNINGS |
294.890 |
208.000 |
1186.560 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.25 |
0.36 |
0.68 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.71 |
5.71 |
7.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.05 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.88 |
4.35 |
3.33 |
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 |
2426.200 |
2269.000 |
2269.000 |
|
Reserves & Surplus |
300.200 |
354.800 |
385.600 |
|
Net
worth |
2726.400 |
2623.800 |
2654.600 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
Yes |
|
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
GENERAL INFORMATION
Kirloskar Toyota Textile Machinery Private Limited is a joint venture
between Toyota Industries Corporation, Japan and Kirloskar Group, India. The
Company was incorporated in 1995 under provisions of Companies Act, 1956. The
Company is engaged in the business of manufacturing and selling of Textile
machinery and Auto components. Consequent to the approval of members at the
extra-ordinary general meeting (EGM) held on November 06, 2012 and as approved
by the Registrar of Companies, Karnataka, on December 17, 2012, the name of the
Company has been changed from Kirloskar Toyoda Textile Machinery Private
Limited to Kirloskar Toyota Textile Machinery Private Limited.
RESULTS OF OPERATIONS
The Company during
the period April 2012 to Mar 2013 sold 213 Ring spinning frames comprising of
268,416 spindles compared to 223 Ring spinning frames comprising of 276,144
spindles during 2011-12. Textile sector is slowly improving from the global
economic slowdown. In the meantime, power shortage in many states of India is contributing
to the worries of this sector.
The sales of
transmission division stood at 188,379 sets during 2012-13 against the sale of
152,850 during 2011-12. The sales volume increased by 23.24%. During the year
the Company also started manufacturing new C Type transmission part. Total
sales of C Type transmission sets stood at 33,448 sets during 2012-13.
The job work
income in 2012-13 was Rs. 18.600 Million compared to 2011-12 which was Rs.
24.600 Million. This segment of business has also shown a reduction in turnover
due to economic slowdown in Europe.
The Exports of
textile machinery and parts during 2012-13 was about Rs. 294.700 Million
compared to 2011-12, which was Rs. 197.690 Million, resulting in a increase in
volume by 49%.
PROSPECTS FOR THE YEAR 2013-14
Prospects for the year 2013-14 for the various
departments of the Company are as follows:
(1) Company has
plans of expanding the existing Textile Machinery business to cover more
products.
(2) The demand for
Ring Spinning Frame is expected to be about 332,304 spindles (about Rs.1791.000
Million)
(3) TICO exports
are expected to be to Rs.118.300 Million.
(4) Job work
income conservative estimate at Rs.13.200 Million.
(5) Transmission business is likely to have a turnover of Rs.1559.570
Million.
FIXED ASSETS:
· Land
· Buildings
· Factory building
· Plant and equipment
· Factory equipments
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
· Know-how
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.57 |
|
|
1 |
Rs. 97.98 |
|
Euro |
1 |
Rs. 70.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
RKH |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.