MIRA INFORM REPORT
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Report No. : |
322425 |
|
Report Date : |
15.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
HYDAC (INDIA) PRIVATE LIMITED (w.e.f. 11.06.2001) |
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Formerly Known
As : |
HYDAC HYCOM (INDIA) PRIVATE LIMITED (w.e.f. 12.05.1993) HYCOM INDIA PRIVATE LIMITED |
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Registered
Office : |
2nd Floor, Ladhbhai Mansion, 1-A, Mama Darmanand Marg,
Opera House, Mumbai – 400 004, Maharashtra |
|
Tel No.: |
91-22-65119401 |
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Country : |
India |
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Financials (as
on) : |
31.12.2013 |
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Date of
Incorporation : |
05.10.1988 |
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Com. Reg. No.: |
11-049084 |
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Capital
Investment / Paid-up Capital : |
Rs.18.400
million |
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CIN No.: [Company Identification
No.] |
U33100MH1988PTC049084 |
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IEC No.: |
0398064776 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACH2910B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged
in manufacturing, supplying, importing and exporting a wide range of
Hydraulic System and Components. |
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No. of Employees
: |
195 (Approximately) |
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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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an
established company having satisfactory track. Trade relations
are fair. Business is active. Payment terms are reported as slow but correct. 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sanjay |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-41118882 |
|
Date : |
13.05.2015 |
LOCATIONS
|
Registered Office : |
2nd Floor, Ladhbhai Mansion, 1-A, Mama Darmanand Marg,
Opera House, Mumbai – 400 004, Maharashtra, India |
|
Tel. No.: |
91-22-65119401 |
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Mobile No.: |
91-9654187105 (Mr. Kishore) |
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Fax No.: |
91-22-27781180 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Head Office/ Factory 1 : |
A-58, TTC Industrial Area, MIDC, Mahape, Navi Mumbai – 400 701, Maharashtra, India |
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Tel. No.: |
91-22-41118888/ 41118812/ 41118879/ 41118882 |
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Fax No.: |
91-22-27781180 |
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E-Mail : |
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Factory : |
Also located at: · Coimbatore · Bangalore |
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Sales Office : |
Located at: · Navi Mumbai · Pune · Bangalore · Coimbatore · Delhi · Kolkata |
DIRECTORS
AS ON 27.06.2014
|
Name : |
Venkateshwaran Krishnan Krishnan |
|
Designation : |
Managing Director |
|
Address : |
1602, 16th Floor, Supreme Signature Union Park, Chembur,
Mumbai – 400 071 Maharashtra, India |
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Date of Birth/Age : |
08.06.1961 |
|
Date of Appointment : |
01.02.2013 |
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PAN No.: |
AADPK8513F |
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DIN No.: |
00316948 |
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|
Name : |
Mr. Umesh Sharad Gandhi |
|
Designation : |
Managing Director |
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Address : |
Sea Gull 53,
Charmichel Road, Mumbai – 400 005, Maharashtra, India |
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Date of Birth/Age : |
19.09.1964 |
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Date of Appointment : |
01.04.2013 |
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PAN No.: |
ATKPG5104A |
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DIN No.: |
02933726 |
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|
|
Name : |
Dr. Alexander Dieter |
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Designation : |
Director |
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Address : |
Sonnenrain 7, D
- 97816 Lohrmain, Germany |
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Date of Appointment : |
14.08.2001 |
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DIN No.: |
03357265 |
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|
|
|
Name : |
Schoen Peter Otmar |
|
Designation : |
Director |
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Address : |
AM - Friendof
17, D - 66450, Bexbach, Holchem, Germany |
|
Date of Appointment : |
24.04.1995 |
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DIN No.: |
03357453 |
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|
|
Name : |
Wolfgang Georg Max Haering |
|
Designation : |
Director |
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Address : |
Hallesche Str. 15 Saarbrucken 66121, Germany |
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Date of Birth/Age : |
20.03.1958 |
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Date of Appointment : |
29.08.2013 |
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DIN No.: |
06667717 |
KEY EXECUTIVE
|
Name : |
Mr. Sanjay |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.06.2014
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Umesh Sharad Gandhi |
20 |
|
Vivek Chemicals Inds Private Limited |
2000 |
|
Superlative Finance and Investments Private Limited, India |
63000 |
|
Razia Sharad Gandhi |
38980 |
|
BUV Beteligungs Und Verwaltungs GmbH, Germany |
296000 |
|
Total |
400000 |
|
Names of Shareholders (7% Non-Cumulative Fully Convertible Preference
Shares) |
No. of Shares |
|
Superlative Finance and Investments Private Limited, India |
374400 |
|
BUV Beteligungs Und Verwaltungs GmbH, Germany |
1065600 |
|
Total |
1440000 |
AS ON 27.06.2014
|
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] |
74.00 |
|
Bodies
corporate |
16.25 |
|
Directors
or relatives of directors |
9.75 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20322425_MIRA%2015-May-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged
in manufacturing, supplying, importing and exporting a wide range of
Hydraulic System and Components. |
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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 : |
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Products : |
Finished Goods |
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Countries : |
Germany |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
Germany |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS – NOT
AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
195 (Approximately) |
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Bankers : |
· HDFC Bank Limited · Bank of India · Tamilnad Mercantile Bank Limited |
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Facilities : |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Indiabulls Finance Center, 32nd Floor, Tower 3,
Senapati Bapat Marg, Elphinstone Mill Compound, Elphinstone (West), Mumbai –
400 013, Maharashtra, India |
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PAN
No.: |
AACFD4815A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
BUV Beteligungs Und Verwaltungs GmbH, Germany |
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Fellow Subsidiary Companies : |
·
Hydac Cooling GmbH ·
Hydac Electronic GmbH ·
Hydac Filtertechnik GmbH ·
Hydac SA Cooling System ·
Hydac Service GmbH ·
Hydac Technology Corporation ·
Hydac Technology GmbH ·
Hydac Technology Limited ·
Hydac Co. Limited Japan ·
Hydac Spol sro ·
Hydac Fluidtechnik GmbH ·
Hydac OY ·
Hydac System GmbH ·
Hydro Saar GmbH ·
Hydac AG |
CAPITAL STRUCTURE
AS ON 27.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
860000 |
Equity Shares |
Rs.10/- each |
Rs.8.600 million |
|
1440000 |
Preference Shares |
Rs.10/- each |
Rs.14.400 million |
|
|
Total
|
|
Rs.23.000
million |
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000
million |
|
1440000 |
Preference Shares |
Rs.10/- each |
Rs.14.400
million |
|
|
Total
|
|
Rs.18.400 million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
18.400 |
18.400 |
18.400 |
|
(b) Reserves & Surplus |
409.525 |
513.007 |
453.599 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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|
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(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
427.925 |
531.407 |
471.999 |
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(3) Non-Current Liabilities |
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|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.456 |
2.192 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term provisions |
5.938 |
4.408 |
3.077 |
|
Total
Non-current Liabilities (3) |
8.394 |
6.600 |
3.077 |
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(4)
Current Liabilities |
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|
|
(a)
Short term borrowings |
126.024 |
48.507 |
0.000 |
|
(b)
Trade payables |
775.296 |
373.249 |
487.392 |
|
(c)
Other current liabilities |
75.468 |
42.034 |
34.708 |
|
(d)
Short-term provisions |
26.597 |
35.177 |
57.449 |
|
Total
Current Liabilities (4) |
1003.385 |
498.967 |
579.549 |
|
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|
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TOTAL |
1439.704 |
1036.974 |
1054.625 |
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
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|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
242.465 |
202.749 |
221.062 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.049 |
0.065 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
2.722 |
|
(d) Long-term Loan
and Advances |
29.567 |
17.589 |
11.768 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
272.081 |
220.403 |
235.552 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
412.984 |
383.930 |
405.066 |
|
(c)
Trade receivables |
634.699 |
357.263 |
350.144 |
|
(d)
Cash and cash equivalents |
21.542 |
18.885 |
35.208 |
|
(e)
Short-term loans and advances |
48.685 |
44.820 |
28.295 |
|
(f)
Other current assets |
49.713 |
11.673 |
0.360 |
|
Total
Current Assets |
1167.623 |
816.571 |
819.073 |
|
|
|
|
|
|
TOTAL |
1439.704 |
1036.974 |
1054.625 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1385.137 |
1239.448 |
1248.976 |
|
|
|
Other Income |
8.149 |
28.841 |
18.079 |
|
|
|
TOTAL |
1393.286 |
1268.289 |
1267.055 |
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
1142.275 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
NA |
NA |
124.780 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
NA |
3.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
121.778 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
NA |
17.282 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
104.496 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
35.347 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(103.482) |
59.408 |
69.149 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
509.407 |
449.999 |
380.850 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
405.925 |
509.407 |
449.999 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
38.848 |
33.630 |
3.605 |
|
|
|
Commission and service charges, discount received |
27.628 |
22.178 |
38.364 |
|
|
TOTAL EARNINGS |
66.476 |
55.808 |
41.969 |
|
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|
|
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IMPORTS |
|
|
|
|
|
|
|
Components |
614.723 |
592.871 |
757.390 |
|
|
|
Capital Goods |
2.160 |
0.000 |
28.225 |
|
|
TOTAL IMPORTS |
616.883 |
592.871 |
785.615 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(56.24)
|
32.29 |
37.58 |
|
|
Particulars |
|
|
31.12.2014 |
|
Sales Turnover (Approximately) |
|
|
1420.000 |
Expected Sales (2014-2015) : Rs.1650.000 Million (Unaudited)
The above information has been parted by Mr. Sanjay
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(7.47) |
4.79 |
5.54 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
NA |
NA |
9.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA |
9.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.29 |
0.09 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16 |
1.64 |
1.41 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Share Capital |
18.400 |
18.400 |
18.400 |
|
Reserves & Surplus |
453.599 |
513.007 |
409.525 |
|
Net worth |
471.999 |
531.407 |
427.925 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
48.507 |
126.024 |
|
Total borrowings |
0.000 |
48.507 |
126.024 |
|
Debt/Equity ratio |
0.000 |
0.091 |
0.295 |
%20PRIVATE%20LIMITED%20-%20322425_MIRA%2015-May-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Sales |
1248.976 |
1239.448 |
1385.137 |
|
|
|
(0.763) |
11.754 |
%20PRIVATE%20LIMITED%20-%20322425_MIRA%2015-May-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Sales |
1248.976 |
1239.448 |
1385.137 |
|
Profit |
69.149 |
59.408 |
(103.482) |
|
|
5.54% |
4.79% |
(7.47%) |
%20PRIVATE%20LIMITED%20-%20322425_MIRA%2015-May-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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
four 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 |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
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 |
GENERAL INFORMATION
Subject incorporated
in 1988, ISO 0991:2008 accredited organization engaged in manufacturing,
supplying, importing and exporting a wide range of Hydraulic System and
Components. The Company has its manufacturing facilities at Navi Mumbai,
Coimbatore and Bangalore. The products of the Company are used in many
industrial sectors like Steel industry, Wind power industry, Power station
technology, Offshore and Marine industry, Plastic injection molding machines,
Machine tools, Agriculture and Construction equipment, Automobile Industry,
Paper industry and many more.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
90224632 |
08/10/2013 * |
220,000,000.00 |
DEUTSCHE BANK AG |
THE CAPITAL, 14TH FLOOR,
C-70, G BLOCK, BANDRA KURLA COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
B87040085 |
* Date of charge modification
FIXED ASSETS:
· Land
· Buildings
· Plant and Equipment
· Factory Equipments
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer 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 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.63.84 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
-- PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
|
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.