MIRA INFORM REPORT
|
Report No. : |
322479 |
|
Report Date : |
20.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
MITSUI AND CO INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Plot No. D-1, 4th Floor, Salcon Ras Vilas, District Centre
Saket, New Delhi - 110017 |
|
Tel. No.: |
91-11-43531111 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.03.2003 |
|
|
|
|
Com. Reg. No.: |
55-119563 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.603.905 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2003PTC119563 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM4488J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject to undertake activities of general trading restricted
to exports and imports, procurement and supply of materials and equipment
required for infrastructure and industrial projects. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 4100000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Mitsui and Company Limited”. It is a well-established
company having fine track. The company possesses a healthy financial risk profile marked by
adequate networth base, comfortable capital structure and good liquidity
position. Management has reported dip in sales volume and profitability along
with considerable margins during FY2014. However, trade relations are fair. Business is active. Payment terms
are reported as regular and as per commitments. In view of strong parentage, the subject can be considered good 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Namish |
|
Designation : |
Secretary |
|
Contact No.: |
91-22-67742222 |
|
Date : |
15.05.2015 |
LOCATIONS
|
Registered Office : |
Plot No. D-1, 4th Floor, Salcon Ras Vilas, District Centre
Saket, New Delhi – 110017, India |
|
Tel. No.: |
91-11-43531111 |
|
Fax No.: |
91-11-43531173 / 43531170 / 76 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 15.09.2014
|
Name : |
Makoto Suzuki |
|
Designation : |
Managing Director |
|
Address : |
Plot No 25, Block No. 172, Jorbagh, New Delhi – 110003, India |
|
Date of Birth/Age : |
13.04.1958 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2014 |
|
Date of Cessation : |
03.03.2015 |
|
DIN No.: |
03476894 |
|
|
|
|
Name : |
Kenichi Mizutani |
|
Designation : |
Director |
|
Address : |
6116, FF, Shanti Niketan, New Delhi - 110021, India |
|
Date of Birth/Age : |
02.03.1973 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
28.09.2012 |
|
PAN No.: |
BRVPM8556J |
|
Date of Cessation : |
13.12.2014 |
|
DIN No.: |
05170523 |
|
|
|
|
Name : |
Toshiaki Shinozaki |
|
Designation : |
Whole Time Director |
|
Address : |
The Jackers, 2nd Floor, Flat No 2,113, Carter Road, Bandra (West), Mumbai -400050, Maharashtra, India |
|
Date of Birth/Age : |
15.10.1960 |
|
Date of Appointment : |
28.09.2012 |
|
PAN No.: |
EHPPS7239H |
|
DIN No.: |
06365102 |
|
Name : |
Kazumoto Ohashi |
|
Designation : |
Whole-time director |
|
Address : |
C-10, First Floor, West end, New Delhi - 110021, India |
|
Date of Birth/Age : |
17.01.1965 |
|
Date of Appointment : |
15.09.2014 |
|
PAN No.: |
ABPPO4823P |
|
DIN No.: |
06726941 |
|
|
|
|
Name : |
Isao Tsujita |
|
Designation : |
Whole-time director |
|
Address : |
AF9, 9th Floor, New Nos. 147,149,151 and 153, RK Mutt Road, R.A. Puram, Chennai - 600028, Tamilnadu, India |
|
Date of Birth/Age : |
25.07.1964 |
|
Date of Appointment : |
15.09.2014 |
|
PAN No.: |
AUIPT1717M |
|
DIN No.: |
06729853 |
|
|
|
|
Name : |
Reo Akiyama |
|
Designation : |
Whole-time director |
|
Address : |
E-7/13 UGF, Vasant Vihar, New Delhi - 110057, India |
|
Date of Appointment : |
19.12.2014 |
|
DIN No.: |
07047260 |
KEY EXECUTIVES
|
Name : |
Mr. Manish Nayyar |
|
Designation : |
Secretary |
|
Address : |
C-159, Vlkas Puri,
New Delhi – 110018, India |
|
Date of Birth/Age : |
06.06.1973 |
|
Date of Appointment : |
12.12.2010 |
|
PAN No.: |
ACIPN1546N |
MAJOR SHAREHOLDERS
AS ON 15.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mitsui and Company Limited, Japan
|
|
60388091 |
|
Mitsui and Company (Asia Pacific) Pte. Limited, Singapore |
|
2430 |
|
Total |
|
60390521 |
Equity Share Break up (Percentage of Total Equity)
AS ON 15.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject to undertake activities of general trading
restricted to exports and imports, procurement and supply of materials and
equipment required for infrastructure and industrial projects. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7Th Floor, Building 10, Tower - B, DLF Cyber City Complex, DLF City Phase - II |
|
PAN No.: |
AABFD2095B |
|
|
|
|
Holding Company
: |
|
|
|
|
|
Fellow Subsidiary
Company : |
|
|
|
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
|
|
|
|
|
Jointly controlled
entities : |
Indian Steel Corporation Limited U27100MH2004PLC144559 |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
61000000 |
Equity Shares |
Rs.10/- each |
Rs.610.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60390521 |
Equity Shares |
Rs.10/- each |
Rs.603.905 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
603.905 |
603.905 |
603.905 |
|
(b) Reserves & Surplus |
838.679 |
743.080 |
550.742 |
|
(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) |
1442.584 |
1346.985 |
1154.647 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
6.253 |
4.442 |
2.051 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
53.485 |
47.755 |
40.019 |
|
Total Non-current
Liabilities (3) |
59.738 |
52.197 |
42.070 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
50.000 |
0.000 |
40.000 |
|
(b) Trade
payables |
433.831 |
419.155 |
0.000 |
|
(c) Other
current liabilities |
57.576 |
59.990 |
527.545 |
|
(d) Short-term
provisions |
226.277 |
4.303 |
2.416 |
|
Total Current
Liabilities (4) |
767.684 |
483.448 |
569.961 |
|
|
|
|
|
|
TOTAL |
2270.006 |
1882.630 |
1766.678 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
421.539 |
417.973 |
429.889 |
|
(ii)
Intangible Assets |
0.559 |
0.365 |
0.608 |
|
(iii)
Capital work-in-progress |
0.000 |
0.270 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
107.580 |
107.580 |
107.580 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
313.420 |
320.146 |
306.815 |
|
(e) Other
Non-current assets |
13.306 |
5.916 |
4.562 |
|
Total Non-Current
Assets |
856.404 |
852.250 |
849.454 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
306.258 |
224.931 |
272.704 |
|
(c) Trade
receivables |
0.000 |
0.000 |
548.521 |
|
(d) Cash
and cash equivalents |
181.996 |
58.502 |
43.844 |
|
(e)
Short-term loans and advances |
48.822 |
53.791 |
42.620 |
|
(f) Other
current assets |
876.526 |
693.156 |
9.535 |
|
Total
Current Assets |
1413.602 |
1030.380 |
917.224 |
|
|
|
|
|
|
TOTAL |
2270.006 |
1882.630 |
1766.678 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1413.050 |
1517.360 |
1300.510 |
|
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA
|
NA
|
|
|
|
|
|
|
|
||
|
|
EXPENSES |
NA |
NA
|
NA
|
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
349.090 |
331.110 |
223.290 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
35.570 |
7.220 |
6.050 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
313.520 |
323.890 |
217.240 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
36.680 |
32.210 |
38.920 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
276.840 |
291.680 |
178.320 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
181.240 |
99.340 |
56.930 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
95.600 |
192.340 |
121.390 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
612.070 |
419.730 |
298.340 |
||
|
|
|
|
|
|
||
|
|
Balance Carried to the B/S |
707.670 |
612.070 |
419.730 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
1814.000 |
1599.000 |
1401.000 |
|
|
|
TOTAL EARNINGS |
1814.000 |
1599.000 |
1401.000 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
1.58 |
3.23 |
NA
|
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
6.77 |
12.68 |
9.33 |
|
|
|
|
|
|
|
Operating Profit Margin |
|
24.70 |
21.82 |
17.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.80 |
16.43 |
10.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.22 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.03 |
0.00 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.84 |
2.13 |
1.61 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
603.905 |
603.905 |
603.905 |
|
Reserves & Surplus |
550.742 |
743.080 |
838.679 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1154.647 |
1346.985 |
1442.584 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
40.000 |
0.000 |
50.000 |
|
Total borrowings |
40.000 |
0.000 |
50.000 |
|
Debt/Equity ratio |
0.035 |
0.000 |
0.035 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1300.510 |
1517.360 |
1413.050 |
|
|
|
16.674 |
(6.874) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1300.510 |
1517.360 |
1413.050 |
|
Profit |
121.390 |
192.340 |
95.600 |
|
|
9.33% |
12.68% |
6.77% |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
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 |
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 |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Short Term Borrowings |
|
|
|
Working capital loans from banks |
50.000 |
0.000 |
|
Total |
50.000 |
0.000 |
CORPORATE INFORMATION
The company was incorporated on March 26, 2003 to undertake activities of general trading restricted to exports and imports, procurement and supply of materials and equipment required for infrastructure and industrial projects. The Company also received approval from the Government of India to promote manufacturing projects in India with new financial and technical collaboration of Mitsui group companies in India with other companies in India and to provide support with respect to sales, marketing and technical services to Mitsui group companies.
The accompanying financial statements reflect the results of the activities undertaken by the Company during the year ended March 31, 2014.
OPERATIONS
The total sales of the Company are Rs. 1,413 million (Previous Year Rs. 1517 Million). The export sales stood at Rs. 184 million (Previous Year Rs. 109 million). The Company earned commission & service fees totaling Rs. 1659 million (Previous Year Rs. 1540 million) during the year.
The unutilized funds of the Company were deposited with various banks as fixed deposits on which the Company earned interest amounting to Rs. 15.34 million (Previous Year Rs. 5.1 million) during the year.
The profit before financial charges and depreciation amounted to Rs. 349.09 million (Previous Year Rs. 331.12 million). The net profit (loss) of the Company was Rs. 95.60 million (Previous Year Rs. 192.34 million).
CURRENT YEARS
PERFORMANCE
The sales turnover (including commission income) of the Company during the first quarter ended 30th June 2014 was Rs. 542 million (increased from Rs. 423 million recorded during the same period last year). The gross sales profit including non-operating income from service fee is Rs. 372 million (increased from Rs. 332 million recorded during the same period last year). The Company hopes to perform better than last year due to the change in business environment.
NOTE
The registered office of the company has been shifted from Metropolitian Centre, G F Hotel Nikko, Bangla Sahib Road, New Delhi – 110001, India to the present address w.e.f. 07.08.2009.
INDEX OF CHARGES NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.63.69 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
RKH |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
63 |
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.