MIRA INFORM REPORT

 

 

Report No. :

352840

Report Date :

30.11.2015

 

IDENTIFICATION DETAILS

 

Name :

TOSHIBA MACHINE (CHENNAI) PRIVATE LIMITED (w.e.f. 08.11.2012)

 

 

Formerly Known As :

L&T PLASTICS MACHINERY PRIVATE LIMITED (w.e.f. 06.09.2012)

 

L&T PLASTICS MACHINERY LIMITED (w.e.f. 06.05.2009)

 

L&T-DEMAG PLASTICS MACHINERY LIMITED

 

 

Registered Office :

No.65 (P.O Box No 5), Chennai-Bangalore Highway, Chembrambakkam, Poonamallee Taluk, Thiruvallur, Chennai – 600123, Tamilnadu

Tel. No.:

91-44-26812000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

20.06.2000

 

 

Com. Reg. No.:

18-096087

 

 

Capital Investment / Paid-up Capital :

Rs.173.000 Million

 

 

CIN No.:

[Company Identification No.]

U25209TN2000PTC096087

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

To assemble, manufacture, fabricate, design, buy, sell and deal, whether as wholesalers or retailers, in all kinds of plastics processing machinery and spare parts and components thereof.

 

 

No. of Employees :

Information declined by the management 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (50)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 1400000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a wholly owned subsidiary of "Toshiba Machine Company Limited”, Japan. It was incorporated in the year 2000. It has satisfactory track.

 

The rating takes into consideration sound financial risk profile of the company marked by debt free capital structure in FY14 along with sound networth base.

 

The company has reported marginal increase in its revenue base whereas reported decline in its net profit in the year under consideration.

 

However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct.

 

In view of strong support from its holding company, the subject can 'be considered for business dealings with 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 DECLINED

 

MANAGEMENT NON CO-OPERATIVE (91-44-26812000)

 

 

LOCATIONS

 

Registered Office :

No.65 (P.O Box No 5), Chennai-Bangalore Highway, Chembrambakkam, Poonamallee Taluk, Thiruvallur, Chennai – 600123, Tamilnadu, India

Tel. No.:

91-44-26812000

Fax No.:

Not Available

E-Mail :

sivasubramanian.tn@toshiba-machine.co.in

 

 

DIRECTORS

 

AS ON 06.08.2014

 

Name :

Mr. Parameswaran Kailas

Designation :

Managing director

Address :

Plot 2, "Sree Kailas", First Street, Sri Ayyappa Nagar, Kolathur, Chennai, 600099, Tamilnadu, India

Date of Birth/Age :

01.01.1953

Date of Appointment :

01.08.2013

DIN No.:

05219488

PAN No.:

AAAPK5174F

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U91100DL2012NPL239417

PLASTICS MACHINERY MANUFACTURERS ASSOCIATION OF INDIA

Director

27/07/2012

27/07/2012

-

Active

NO

2

U25209TN2000PTC096087

TOSHIBA MACHINE (CHENNAI) PRIVATE LIMITED

Managing director

1/8/2013

1/1/2013

-

Active

NO

 

 

Name :

Mr. Takashi Kamiyama

Designation :

Whole-time director

Address :

C - 6/8, Safdarjung Development Area, New Delhi - 110016, India

Date of Birth/Age :

07.10.1951

Date of Appointment :

01.08.2013

DIN No.:

00024168

PAN No.:

ATSPK3854B

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U29111DL2006FTC148307

TOSHIBA MACHINE (INDIA) PRIVATE LIMITED.

Director

20/04/2013

31/03/2006

-

Active

NO

2

U25209TN2000PTC096087

TOSHIBA MACHINE (CHENNAI) PRIVATE LIMITED

Whole-time director

1/8/2013

28/09/2012

-

Active

NO

 

 

Name :

Mr. Hiroshi Azuma

Designation :

Whole-time director

Address :

Yokohama Island Garden 936, 2-28-1, Heian-Cho, Tsurumi-Ku, Yokohama City, Kanagawa, 2300031, Japan

Date of Birth/Age :

26.11.1960

Date of Appointment :

01.08.2013

DIN No.:

06369624

PAN No.:

AJLPH1918G

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U25209TN2000PTC096087

TOSHIBA MACHINE (CHENNAI) PRIVATE LIMITED

Whole-time director

1/8/2013

28/09/2012

-

Active

NO

2

U29111DL2006FTC148307

TOSHIBA MACHINE (INDIA) PRIVATE LIMITED.

Director

30/09/2013

20/04/2013

-

Active

NO

 

 

Name :

Mr. Teruhiko Inoue

Designation :

Director

Address :

1-14-3-210, IRIE, Kanagawa-Ku, Kanagawa, 2210014, Japan

Date of Birth/Age :

19.09.1970

Date of Appointment :

01.08.2013

DIN No.:

03601833

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U29111DL2006FTC148307

TOSHIBA MACHINE (INDIA) PRIVATE LIMITED.

Director

30/09/2013

26/08/2011

-

Active

NO

2

U25209TN2000PTC096087

TOSHIBA MACHINE (CHENNAI) PRIVATE LIMITED

Director

1/8/2013

28/09/2012

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Manesh Karunakaran

Designation :

Secretary

Address :

Plot No.5, Bharathi Avenue Extension, 4th Street, New Perungalathur, Chennai - 600063, Tamilnadu, India

Date of Appointment :

20.06.2015

PAN No:

COEPK2300B

 

 

Name :

Sivasubramanian Tn

Designation :

Chief Finance Officer

Address :

New.No.33,Old No.16/2 Iii, Trust Cross Street, Mandavelipakkam, Chennai, 600028, Tamilnadu, India

Date of Birth/Age :

30.07.1976

Date of Appointment :

20.03.2015

PAN No:

AOSPS0264A

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 06.08.2014

 

Names of Shareholders

 

No. of Shares

Toshiba Machine South East Asia Private Limited, Japan

 

1

Toshiba Machine Company Limited, Japan

 

17299999

Total

 

17300000

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 06.08.2014

 

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 :

To assemble, manufacture, fabricate, design, buy, sell and deal, whether as wholesalers or retailers, in all kinds of plastics processing machinery and spare parts and components thereof.

 

 

Products :

Item Code No.

Product Description

84771000

Inject Moulding Machines and Auxiliary and Spares

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management 

 

 

Bankers :

Axis Bank Limited, Corporate Banking Branch - Karumuthu Nilayam, Ground Floor, No 192, Anna Salai, Chennai - 600002, Tamilnadu, India

 

Banker Name

HDFC Bank Limited

Branch Address

HDFC Bank House,Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Auditors :

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

ASV N Ramana Tower 52, Venkatnarayana Road, T.Nagar, Chennai - 600 017, Tamilnadu, India

PAN N Income-tax PAN of auditor or auditor's firm :

AACFD3771D

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding company:
  • Toshiba Machine Company Limited, Japan

 

 

Fellow Subsidiary company
  • Toshiba Machine S.E Asia Private Limited, Singapore
  • Toshiba Machine (Thailand) Company Limited, Thailand
  • Toshiba Machine (Shangai) Company Limited – China
  • Toshiba Machine (India) Private Limited, India [U29111DL2006FTC148307]
  • L & T Finance Limited, India [U65990MH1994PLC083147]
  • L&T General Insurance Company Limited, India [U66030MH2007PLC177117]
  • L&T Howden Private Limited, India [U31401MH2010PTC204403]
  • L&T Kobelco Machinery Private Limited, India [U29253MH2010PTC210325]

 

 

Other:
  • Larsen and Toubro Limited, India [L99999MH1946PLC004768]

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

25000000

Equity Shares

Rs.10/- each

Rs. 250.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

17300000

Equity Shares

Rs.10/- each

Rs. 173.000 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

173.000

173.000

160.000

(b) Reserves & Surplus

305.220

303.030

116.246

(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)

478.220

476.030

276.246

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

20.024

20.459

13.379

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

20.024

20.459

13.379

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

398.815

263.945

345.922

(c) Other current liabilities

85.283

71.298

81.512

(d) Short-term provisions

11.065

11.773

75.070

Total Current Liabilities (4)

495.163

347.016

502.504

 

 

 

 

TOTAL

993.407

843.505

792.129

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

222.138

225.334

232.833

(ii) Intangible Assets

13.940

5.389

2.362

(iii) Capital work-in-progress

1.000

9.228

2.693

(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

39.805

35.791

19.975

(e) Other Non-current assets

0.000

0.000

115.787

Total Non-Current Assets

276.883

275.742

373.650

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

62.305

(b) Inventories

302.926

222.319

299.537

(c) Trade receivables

142.943

93.477

0.000

(d) Cash and cash equivalents

230.309

217.432

21.441

(e) Short-term loans and advances

32.011

29.724

28.047

(f) Other current assets

8.335

4.811

7.149

Total Current Assets

716.524

567.763

418.479

 

 

 

 

TOTAL

993.407

843.505

792.129

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Gross income (including Service income)

1515.198

1431.367

2059.856

 

Other Income

NA

NA

NA

 

TOTAL

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

NA

NA

NA

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

31.025

37.610

191.140

 

 

 

 

 

Less

FINANCIAL EXPENSES

4.416

1.993

2.891

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

26.609

35.617

188.249

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

25.322

21.687

21.032

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

1.287

13.930

167.217

 

 

 

 

 

Less

TAX

(0.903)

9.146

53.400

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

2.190

4.784

113.817

 

 

 

 

 

 

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

52.599

47.814

1.166

 

 

 

 

 

 

APPROPRIATIONS

 

 

 

 

General reserve

0.000

0.000

11.382

 

Proposed dividend

0.000

0.000

48.000

 

Tax on dividend

0.000

0.000

7.787

 

Balance Carried to the B/S

54.789

52.598

47.814

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

0.13

NA

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

Net cash flows from (used in) operations

32.423

32.218

157.727

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.13

1.67

21.18

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.00

0.03

0.61

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.00

0.00

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.45

1.64

0.83

 

 

 

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

160.000

173.000

173.000

Reserves & Surplus

116.246

303.030

305.220

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

276.246

476.030

478.220

 

 

 

 

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)

Gross income (including Service income)

2059.856

1431.367

1515.198

 

 

-30.511

5.857

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Gross income (including Service income)

2059.856

1431.367

1515.198

Profit

113.817

4.784

2.190

 

5.53%

0.33%

0.14%

 

 

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

No

8

Designation of contact person

No

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

Yes

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

 

YEAR IN RETROSPECT - 2013-14

 

SALES AND REVENUE

 

Income from sales and other sources amounted to Rs.1515.198 Million during the year against Rs.1431.367 Million during the year ended March 31, 2013.

 

EXPORTS

 

Export sales during the year amounted to Rs. 136.870 Million against Rs.75.575 Million in the previous year.

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10537431

24/11/2014

80,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE,SENAPATI BAPAT MARGV, LOWER PAREL
W, MUMBAI, MAHARASHTRA - 400013, INDIA

C37417102

2

80010037

13/05/2014 *

110,000,000.00

AXIS BANK LIMITED

CORPORATE BANKING BRANCH - KARUMUTHU NILAYAM,, GR
OUND FLOOR, NO 192, ANNA SALAI,, CHENNAI, TAMIL NA
DU - 600002, INDIA

C12468799

 

* Date of charge modification

 

FIXED ASSETS

 

Tangible assets

 

 

Intangible assets

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.66.75

UK Pound

1

Rs.100.68

Euro

1

Rs.70.88

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

KIN

 

 

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

6

FINANCIAL CONDITION

 

0

--BUSINESS SCALE

1~10

6

--PROFITABILITY

1~10

5

--LIQUIDITY

1~10

6

--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

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

 

50

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.