MIRA INFORM REPORT
|
Report No. : |
350017 |
|
Report Date : |
30.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
EMERSON INDUSTRIAL AUTOMATION ELECTRIC POWER GENERATION PRIVATE
LIMITED (w.e.f 08.11.2012) |
|
|
|
|
Formerly Known
As : |
TRIDENT POWERCRAFT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.45, Nagarur, Huskur, Road, Off Tumkur Road, Bangalore – 562123,
Karnataka |
|
Tel. No.: |
91-80-23717808 / 67264800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.04.2000 |
|
|
|
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Com. Reg. No.: |
08-026953 |
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|
|
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Capital Investment
/ Paid-up Capital : |
Rs. 30.000 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U31101KA2000PTC026953 |
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|
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IEC No.: |
Not Divulged |
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|
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The principal
activities of the Company include manufacturing and supplying of electric equipments
and machineries like alternators, induction generators and DC motors. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (57) |
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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|
|
Comments : |
Subject is a wholly owned subsidiary of EMR (Mauritius) Limited having
fine track. For the FY 2014, the company has achieved decent revenue marked by
good profitability margin. The company possesses healthy financial profile marked by debt free
capital structure, adequate cash accruals and good liquidity position. Trade relations are fair. Business is active. Payments are regular and
as per commitment. In view of strong holding of promoters, 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 – 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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Ravinder |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9990182500 |
|
|
|
|
Name : |
Ms. Suma |
|
Designation : |
Office Executive |
|
Date : |
25.03.2014 |
LOCATIONS
|
Registered Office : |
No.45, Nagarur, Huskur, Road, Off Tumkur Road, Bangalore – 562123,
Karnataka, India |
|
Tel. No.: |
91-80-23717808 / 67264800 |
|
Mobile No.: |
91-9990182500 (Mr. Ravindra Vajne) |
|
Fax No.: |
Not available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 11.09.2014
|
Name : |
Mrs. Pradipta Sen |
|
Designation : |
Director |
|
Address : |
304, Tower – 2, Palms South City 1, Gurgaon – 122001, Haryana, India |
|
Date of Birth/Age : |
07.10.1958 |
|
Date of Appointment : |
12.02.2009 |
|
DIN No.: |
00051758 |
|
|
|
|
Name : |
Mr. Srinivasan Chandhira Kumar |
|
Designation : |
Director |
|
Address : |
No. 596, 7th Block West, Jayangara, Bangalore – 560082,
Karnataka, India |
|
Date of Birth/Age : |
20.11.1950 |
|
Date of Appointment : |
29.08.2003 |
|
DIN No.: |
01133240 |
|
|
|
|
Name : |
Mr. Xevier Guy Trenchant |
|
Designation : |
Director |
|
Address : |
35, RUE DELA Brande, LES Mornats, Fleac – 16730, France |
|
Date of Birth/Age : |
16.08.1951 |
|
Date of Appointment : |
12.02.2009 |
|
Voter ID No.: |
01496105 |
|
|
|
|
Name : |
Mr. Ashok Brij |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 404, Aspen Block, Prestige ST Johns Wood, No. 18 and 18a,
Chikka Adugodi, Bangalore – 560029, Karnataka, India |
|
Date of Birth/Age : |
30.11.1954 |
|
Date of Appointment : |
12.02.2009 |
|
DIN No.: |
02268872 |
|
|
|
|
Name : |
Mr. Balan Vasant Kumar |
|
Designation : |
Director |
|
Address : |
No. 473/R, 2nd Floor, A Bolck Parsn Unique Apartment, 4th
Street, K K Pudur, Coimbatore – 641038, Tamilnadu, India |
|
Date of Birth/Age : |
08.08.1963 |
|
Date of Appointment : |
10.08.2012 |
|
DIN No.: |
06366207 |
|
|
|
|
Name : |
Mr. Laxmikant Ranganathan Iyengar |
|
Designation : |
Director |
|
Address : |
Rosa Villa, 247/A Fr Peter Pereira Road, Kurla (West), Mumbai - 400070, Maharashtra, India |
|
Date of Appointment : |
09.11.1969 |
|
Date of Appointment : |
12.02.2014 |
|
DIN No.: |
05309137 |
|
|
|
|
Name : |
Mr. Vinay Talwar |
|
Designation : |
Director |
|
Address : |
No.407, Shiva Prakruthi Apartments, Behind Sobha Stores, Amruthalli, Bangalore - 560094, Karnataka, India |
|
Date of Appointment : |
22.02.1964 |
|
Date of Appointment : |
19.06.2014 |
|
DIN No.: |
06903312 |
KEY EXECUTIVES
|
Name : |
Mr. Suma |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 11.09.2014
|
Names of Shareholders |
No. of Shares |
|
EMR (Mauritius) Limited |
2999999 |
|
Pradipta Sen [Nominee of EMR (Mauritius) Limited ], Mauritius |
1 |
|
Total |
3000000 |
Equity Share Break up (Percentage of Total Equity)
As on 11.09.2014
|
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 : |
The principal
activities of the Company include manufacturing and supplying of electric equipments
and machineries like alternators, induction generators and DC motors. |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
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|
Name : |
B S R and Associates Chartered Accountants |
|
Address : |
Maruthi, Info-Tech-Centre,11-12/1 Inner Ring
Road,Koramangala,Bangalore-560 071 India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFB7355D |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
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Holding company: |
EMR (Mauritius) Limited, Mauritius |
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Ultimate holding company: |
Emerson Electric Company, U.S.A. |
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Fellow subsidiaries : |
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CAPITAL STRUCTURE
As on 11.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 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 |
30.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
2178.091 |
2003.811 |
1723.287 |
|
(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) |
2208.091 |
2033.811 |
1753.287 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
4.150 |
4.439 |
5.144 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
17.663 |
22.651 |
18.877 |
|
Total
Non-current Liabilities (3) |
21.813 |
27.090 |
24.021 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
525.679 |
559.254 |
441.896 |
|
(c) Other current liabilities |
58.519 |
83.118 |
52.676 |
|
(d) Short-term provisions |
30.520 |
33.301 |
21.692 |
|
Total
Current Liabilities (4) |
614.718 |
675.673 |
516.264 |
|
|
|
|
|
|
TOTAL |
2844.622 |
2736.574 |
2293.572 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
418.572 |
433.504 |
372.738 |
|
(ii) Intangible Assets |
6.261 |
9.417 |
11.989 |
|
(iii) Capital work-in-progress |
24.853 |
34.524 |
9.109 |
|
(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 |
251.800 |
208.223 |
114.049 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
701.486 |
685.668 |
507.885 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
343.328 |
444.428 |
264.331 |
|
(c) Trade receivables |
692.250 |
769.367 |
552.349 |
|
(d) Cash and cash equivalents |
1064.056 |
751.030 |
926.094 |
|
(e) Short-term loans and
advances |
33.614 |
77.965 |
33.079 |
|
(f) Other current assets |
9.888 |
8.116 |
9.834 |
|
Total
Current Assets |
2143.136 |
2050.906 |
1785.687 |
|
|
|
|
|
|
TOTAL |
2844.622 |
2736.574 |
2293.572 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
INCOME |
3529.370 |
3565.910 |
3019.080 |
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
TOTAL
|
3260.870 |
3147.860 |
2604.910 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
268.500 |
418.050 |
414.170 |
|
|
|
|
|
|
|
TAX (H) |
94.220 |
137.520 |
136.070 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
174.280 |
280.520 |
278.100 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
124.711 |
42.868 |
24.341 |
|
|
TOTAL
EARNINGS |
124.711 |
42.868 |
24.341 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw and packing materials (net of returns) |
143.462 |
109.273 |
137.380 |
|
|
Spare parts and components |
0.104 |
3.917 |
0.649 |
|
|
Capital goods |
5.162 |
6.325 |
19.274 |
|
|
TOTAL
IMPORTS |
148.728 |
119.515 |
157.303 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
58.09 |
93.51 |
92.70 |
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 |
|
Net cash flows from (used in) operations |
386.500 |
91.899 |
452.436 |
|
Net cash flow from operating activity |
291.991 |
(69.856) |
287.710 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
4.94 |
7.87 |
9.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.52 |
15.47 |
18.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.21 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.49 |
3.04 |
3.46 |
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 |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
1723.287 |
2003.811 |
2178.091 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1753.287 |
2033.811 |
2208.091 |
|
|
|
|
|
|
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 |
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 |
3019.080 |
3565.910 |
3529.370 |
|
|
|
18.112 |
(1.025) |
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 |
3019.080 |
3565.910 |
3529.370 |
|
Profit |
278.100 |
280.520 |
174.280 |
|
|
9.21% |
7.87% |
4.94% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from from No. 48 and 49, Byraveshwara Industrial Estate, Heggana-halli, Andrahalli Main Road, Bangalore – 560091, Karnataka, India to the present address w.e.f. 09.01.2007
BACKGROUND
Emerson Industrial Automation Electric Power Generation Private Limited, formerly Trident Powercraft Private Limited, the Company was incorporated on 20 April 2000 as a private limited company under the Companies Act, 1956 the Act. With effect from 12 February 2009, the Company is part of the Emerson Group, which is based in the United States of America. The principal activities of the Company include manufacturing and supplying of electric equipments and machineries such as alternators, wind generators and direct current motors. During the current year, the Company purchased fixed assets and inventories from a group company and has consequently expanded its operations
MANAGEMENT DISCUSSION
AND ANALYSIS
The operation of the company comprises of A C Generators, D C Motors and Wind Turbine Generators. This business segmentation forms the basis for review of operational performance.
INDUSTRY OVERVIEW
During the year, global economy witnessed gradual recovery from recession as a result the growth of the Indian economy is also seen. Both, Central and State Governments continued to give priority to infrastructure development. The effect of such investment was noticeable in the economy.
This vibrant economic scenario generated good demand for power. Since, supply of power was inadequate and with frequent interruptions, users were required to rely on standby power from generating sets. The rising living standard in semi-urban and rural areas is also resulting in demand for generating sets. The industry will continue to require standby generating sets.
COMPANY PERFORMANCE
The Turnover of the Company for the year 2013-14 decreased by 1% to a level 3,529.37 Million as against 356.591 Million. Profit after tax is Rs. 17.428 Million as against 280.52 Million in the Previous Year, an decreased by 37.87%.
FUTURE OUTLOOK
The Company is confident that propelled by the overall economic growth, the demand for your Company’s products will increase significantly in the coming years. This can be sensed by emergence of new entities as well as the order booking that the Company is receiving. The electricity grids in the country are not in a position to meet the energy requirements of the growing economy. This leads to increased demand for captive Gensets.
The Directors believe that the Company will continue to enhance market position as a result of the following initiatives:
Reaching new customers and new markets for range of products.
- Enhanced manufacturing capabilities.
- Expansion of production capacities.
- Introduction of LSA range of alternators
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Claims against the company not acknowledged as debts in respect of excise and service tax matters, (excluding interest and penalties) |
7.655 |
8.775 |
INDEX
OF CHARGES
No Charges Exist for Company
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Other plant and equipment’
- Furniture and fixtures
- Vehicles
- Motor 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.66.55 |
|
|
1 |
Rs.100.67 |
|
Euro |
1 |
Rs.70.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
AMT |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
57 |
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.