MIRA INFORM REPORT
|
Report No. : |
348013 |
|
Report Date : |
02.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MUBEA SUSPENSION INDIA PRIVATE LIMITED (w.e.f. 19.09.2014) |
|
|
|
|
Formerly Known
As : |
MUBEA SUSPENSION INDIA LIMITED (w.e.f.24.03.2010) PIRANGUT SRINGS LIMITED (w.e.f.22.10.2009) TC SPRINGS LIMITED TC SPRINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office |
Survey No. 1072, Post Pirangut, Taluka, Mulshi, Pune - 412111,
Maharashtra |
|
Tel No.: |
91-20-66753100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.03.1999 |
|
|
|
|
Com. Reg. No.: |
11-014564 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 331.579 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300PN1999PTC014564 |
|
|
|
|
IEC No.: |
0399012486 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNET01287G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT9025D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader, Exporter and Importer of Foodwiller and Auto
Parts. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
|
|
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “MUBEA ENGINEERING AG, Switzerland”. It is a
manufacturer, trader, exporter and importer of auto parts. The ratings also take into consideration the adverse financial metrics
of the company as reflected by its loss making nature of operations, moderate
capital structure and below average liquidity position of the company. However, rating weakness is partially offset by strong financial and
managerial support that company receives from its parent entity backed by its
well experience management team along with wide spread marketing and
distribution networks and strong customer base of the company. Trade relations are fair. Payments are reported to be slow but
correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Sushil Kumar |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-20-66741900 |
|
Date : |
30.10.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Survey No. 1072, Post Pirangut, Taluka, Mulshi, Pune-412111, Maharashtra,
India. |
|
Tel. No.: |
91-20-66753100 |
|
Mobile No.: |
91-8380064878 (Mr. Sushil Kumar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Taluka Mulshi, Survey No.1072 Post Pirangut, 412111 Pune, India |
DIRECTORS
AS ON 22.12.2014
|
Name : |
Jan Wolfgang Dohna |
|
Designation : |
Director |
|
Address : |
1, Bis Rus De Moulins A Vent, Fontenay Aux Roses, 92260, France. |
|
Date of Birth/Age : |
03.05.1959 |
|
Date of Appointment : |
28.09.2010 |
|
DIN No.: |
01757632 |
|
|
|
|
Name : |
Sushil Kumar Bhatia |
|
Designation : |
Director |
|
Address : |
D-192, Saket, New Delhi, 110017, Delhi, India |
|
Date of Birth/Age : |
30.08.1945 |
|
Date of Appointment : |
30.12.2011 |
|
DIN No.: |
01757707 |
|
|
|
|
Name : |
Dr. Thomas Hugo Muhr |
|
Designation : |
Director |
|
Address : |
Muhlhardt 45, Attendorn, 57439 |
|
Date of Birth/Age : |
17.06.1963 |
|
Date of Appointment : |
28.09.2010 |
|
DIN No.: |
01757711 |
|
|
|
|
Name : |
Subodh Chandrakant Korde |
|
Designation : |
Managing Director |
|
Address : |
Plot No.3, Plateau Palms, Behind Gangapur Police Station, Sawarkar
Nagar, Gangapur Road, Nashik – 422013, Maharashtra, India |
|
Date of Birth/Age : |
15.06.1961 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06425851 |
|
PAN No.: |
ACLPK2283J |
KEY EXECUTIVES
|
Name : |
Mr. Sushil Kumar |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS
AS ON 22.12.2014
|
Names of Shareholders |
No. of Shares |
|
Mubea Engineering AG, Switzerland |
33157294 |
|
Mubea Engineering AG Jointly with Muhr And Bender KG, Switzerland |
150 |
|
Mubea Engineering AG Jointly With Mubea International GMBH,
Switzerland |
150 |
|
Mubea Engineering AG Jointly With Mubea Tellerfedm GMBH, Switzerland |
100 |
|
Mubea Engineering AG Jointly With Mubea Fahtweksfedern GMBH,
Switzerland |
100 |
|
Mubea Engineering AG Jointly With Mubea Motorkomponten GMBH,
Switzerland |
50 |
|
Mubea Engineering AG Jointly With Mubea Maschinebau GMBH, Switzerland |
50 |
|
Total |
33157894 |
Equity Share Break up (Percentage of Total Equity)
AS ON 22.12.2014
|
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 : |
Manufacturer, Trader, Exporter and Importer of Foodwiller and Auto
Parts. |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Product: |
Finished Goods |
||||||
|
Country: |
|
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Product: |
Raw Material |
||||||
|
Country: |
|
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
L/C and Credit |
||||||
|
|
|
||||||
|
Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users, OEMs
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
M/s
Walker, Chandiok and Company Chartered Accountants |
|
Address: |
16th
Floor Tower No. II, Indiabulls Finance centre, SB Marg, Elphinstine (West)
Mumbai-400013, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFW4298E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate Holding
Company : |
Muhr Und Bender KG, Switzerland |
|
|
|
|
Holding Company : |
Mubea Enginerring AG, Switzerland |
|
|
|
|
Fellow Subsidiary Company : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
33500000 |
Equity Shares |
Rs.10/- each |
Rs.335.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
33157894 |
Equity Shares |
Rs.10/- each |
Rs.331.579
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 |
331.579 |
200.000 |
200.000 |
|
(b) Reserves &
Surplus |
(320.630) |
(183.287) |
(34.529) |
|
(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) |
10.949 |
16.713 |
165.471 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
512.635 |
431.728 |
25.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.384 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.159 |
0.159 |
1.681 |
|
Total Non-current
Liabilities (3) |
512.794 |
431.887 |
27.065 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
234.731 |
245.507 |
0.000 |
|
(b) Trade payables |
153.387 |
281.794 |
329.340 |
|
(c) Other current
liabilities |
39.450 |
26.733 |
65.545 |
|
(d) Short-term provisions |
10.475 |
8.907 |
17.117 |
|
Total Current Liabilities
(4) |
438.043 |
562.941 |
412.002 |
|
|
|
|
|
|
TOTAL |
961.786 |
1011.541 |
604.538 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
592.107 |
215.741 |
171.084 |
|
(ii) Intangible Assets |
0.642 |
0.754 |
0.390 |
|
(iii) Capital
work-in-progress |
0.129 |
10.348 |
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 |
0.000 |
|
(d) Long-term Loan and Advances |
48.276 |
347.472 |
20.536 |
|
(e) Other Non-current
assets |
4.965 |
0.000 |
0.000 |
|
Total Non-Current Assets |
646.119 |
574.315 |
192.010 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
86.309 |
148.369 |
251.980 |
|
(c) Trade receivables |
137.685 |
124.802 |
115.016 |
|
(d) Cash and cash
equivalents |
7.523 |
83.012 |
22.382 |
|
(e) Short-term loans and
advances |
83.686 |
81.043 |
23.150 |
|
(f) Other current assets |
0.464 |
0.000 |
0.000 |
|
Total Current Assets |
315.667 |
437.226 |
412.528 |
|
|
|
|
|
|
TOTAL |
961.786 |
1011.541 |
604.538 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
877.404 |
699.087 |
|
|
Other Income |
714.751 |
9.488 |
2.926 |
|
|
TOTAL (A) |
|
886.892 |
702.013 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
650.451 |
457.951 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(6.211) |
(12.295) |
|
|
|
Employees benefits
expense |
|
62.723 |
56.912 |
|
|
Extraordinary items |
|
0.552 |
1.987 |
|
|
Other expenses |
|
288.424 |
232.473 |
|
|
TOTAL (B) |
890.434 |
995.939 |
737.028 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
|
(109.047) |
(35.015) |
|
|
|
Including
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
Financial and |
9.520 |
6.497 |
|
|
|
Depreciation
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
Expenses |
(118.567) |
(41.512) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
29.174 |
25.456 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
(254.180) |
(147.741) |
(66.968) |
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
1.016 |
2.584 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
(255.764) |
(148.757) |
(69.552) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
NA |
(7.44) |
(3.48 ) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin
(PAT / Sales) |
(%) |
NA |
(16.95) |
(9.95) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
(12.43) |
(5.01) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(26.43) |
(14.76) |
(11.08) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(23.21) |
(8.84) |
(0.40) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
68.26 |
40.52 |
0.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.72 |
0.78 |
1.00 |
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 |
200.000 |
200.000 |
331.579 |
|
Reserves & Surplus |
(34.529) |
(183.287) |
(320.630) |
|
Net worth |
165.471 |
16.713 |
10.949 |
|
|
|
|
|
|
long-term borrowings |
25.000 |
431.728 |
512.635 |
|
Short term borrowings |
0.000 |
245.507 |
234.731 |
|
Total borrowings |
25.000 |
677.235 |
747.366 |
|
Debt/Equity ratio |
0.151 |
40.521 |
68.259 |
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) |
|
Total Income |
702.013 |
886.892 |
714.751 |
|
|
|
26.336 |
-19.409 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
702.013 |
886.892 |
714.751 |
|
Profit |
(69.552) |
(148.757) |
(255.764) |
|
|
(9.91%) |
(16.77%) |
(35.78%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Long Term Loans and Advances From Related Parties |
512.635 |
431.728 |
|
Total |
512.635 |
431.728 |
INDEX OF CHARGES
|
S.No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
90091340 |
02/09/2000 |
40000000 |
STATE
BANK OF INDIA |
INDUSTRIAL
FINANCE BRANCH, WAKDEWADI, PUNE - 411003, Maharashtra, INDIA |
- |
FIXED ASSETS
Tangible
assets
- Land
- Buildings
- Plant and equipment
- Factory equipment’s
- Furniture and fixtures
- Vehicles
- Computer equipment’s
Intangible
assets
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its
beneficial owners, controlling shareholders or senior officers as terrorist or
terrorist organization or whom notice had been received that all financial
transactions involving their assets have been blocked or convicted, found guilty
or against whom a judgement or order had been entered in a proceedings for
violating money-laundering, anti-corruption or bribery or international
economic or anti-terrorism sanction laws or whose assets were seized, blocked,
frozen or ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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. 65.22 |
|
|
1 |
Rs. 99.93 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
41 |
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.