MIRA INFORM REPORT
|
Report No. : |
344402 |
|
Report Date : |
09.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
JOHNSON LIFTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
R B C, |
|
Tel. No.: |
91-44-26152200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.04.1981 |
|
|
|
|
Com. Reg. No.: |
18-008718 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.500
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27209TN1981PTC008718 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEJ03285C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ0838Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of manufacturing, trading, erection and servicing of escalators, goods and bed lifts and components. |
|
|
|
|
No. of Employees
: |
4500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
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 10000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a well-established company incorporated in the year 1981,
having fine track. The rating takes into consideration healthy financial risk profile
marked by strong networth base with comfortable gearing in FY14. The turnover of the company increased by Rs.2178.000 Million which
shows growth of 27%, along with decent profit margin of nearly 6% in the year
under consideration. Overall financial condition of the company seems to be strong and
healthy. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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 PARTED BY
|
Name : |
Mr. Ravi Chandran |
|
Designation : |
Head in Finance |
|
Contact No.: |
91-44-26152200 |
LOCATIONS
|
Registered / Head Office : |
R B C, |
|
Tel. No.: |
91-44-26152200/ 01/ 02/ 03/ 04/
05 |
|
Fax No.: |
91-44-26151614 |
|
E-mail: |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Located at Chennai, Tamilnadu, India |
|
Tel. No.: |
91-44-26490444 / 26490980 |
|
Fax No.: |
91-44-26272026 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Located at Nagpur, Maharashtra, India |
|
Tel. No.: |
91-710-4326971 |
|
Fax No.: |
91-710-4265277 |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
Located at Chennai (Escalater), Tamilnadu, India |
|
Tel. No.: |
91-44-37183771/ 74 |
|
Fax No.: |
91-44-37183770 |
|
E-Mail : |
|
|
|
|
|
Plant Locations: |
Tel. No.:91-44-62549514
Tel. No.: 91-44-6257717
Tel. No.: 91-44-625 8763
Tel. No.: 91-44-537 7895
|
|
|
|
|
Sales and Service Centers : |
Located At :
· Chennai ·
· Trichy ·
·
· Gurgaon · Noida ·
·
· Jaipur · Mumbai Goregaon · Mumbai Mahpe · Pune ·
·
· Ahmedabad · Kolkata · Bhuvaneswar · Bengaluru · Mangalore ·
·
·
· Vishakapatnam · Tirupathi ·
·
· Callcut ·
·
·
·
·
·
·
·
· Vadodara ·
· Bangladeh · Sri Lanka |
DIRECTORS
AS ON 21.07.2014
|
Name : |
Mr. John Kongalath John |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
1643, 13th Main Road, Anna Nagar, Chennai-600040,
Tamilnadu, India |
|
Date of Birth/Age : |
23.09.1952 |
|
Date of Appointment : |
15.04.1981 |
|
PAN No.: |
ACYPJ1987F |
|
DIN No.: |
00035823 |
|
|
|
|
Name : |
Mr. Valliakandathil Mahew Thomas |
|
Designation : |
Whole Time Director |
|
Address : |
W-661, 4th Avenue, Anna Nagar – West Extension,
Chennai-600101, Tamilnadu, India |
|
Date of Birth/Age : |
18.12.1948 |
|
Date of Appointment : |
03.01.1985 |
|
PAN No.: |
AACPT4495J |
|
DIN No.: |
00457580 |
|
|
|
|
Name : |
Mr. Yohan Konglath John |
|
Designation : |
Director |
|
Address : |
1643, 13th Main Road, Anna Nagar, Chennai-600040,
Tamilnadu, India |
|
Date of Birth/Age : |
16.07.1985 |
|
Date of Appointment : |
21.06.2010 |
|
PAN No.: |
AEUPJ3265J |
|
DIN No.: |
03106569 |
KEY EXECUTIVE
|
Name : |
Mr. Ravi Chandran |
|
Designation : |
Head in Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.07.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
John Kongalath John |
47000 |
62.67 |
|
Elsie John |
5400 |
7.20 |
|
Valliakandathil Mahew Thomas |
9600 |
12.80 |
|
Elizebeth Thomas |
5400 |
7.20 |
|
Annamma Chacko |
7500 |
10.00 |
|
Yohan K Johan |
100 |
0.13 |
|
TOTAL
|
75000 |
100.00 |
AS ON 21.07.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturing, trading, erection and servicing of escalators, goods and bed lifts and components. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cheque and Credit |
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Purchasing : |
Cheque and Credit |
PRODUCTION STATUS - NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
4500 (Approximately) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Kumar and Raj Chartered Accountants |
|
Address : |
New No.6, Old No.12, 1st Street, Nandanam Extension, Chennai -600035, Tamilnadu, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHPM8712E |
|
|
|
|
Memberships : |
--- |
|
|
|
|
Collaborators : |
--- |
|
|
|
|
Subsidiary company: |
Johnson Lifts Lanka Private Limited |
|
|
|
|
Firm in which
directors’ relatives exercise control : |
Lifts India |
|
|
|
|
Trade Associate : |
Toshiba Johnson Elevator (India) Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100,000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
75,000 |
Equity Shares |
Rs.100/- each |
Rs.7.500
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 |
7.500 |
7.500 |
7.500 |
|
(b) Reserves & Surplus |
3494.583 |
2951.744 |
2473.345 |
|
(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) |
3502.083 |
2959.244 |
2480.845 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
337.002 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
26.385 |
23.680 |
17.121 |
|
Total
Non-current Liabilities (3) |
26.385 |
23.680 |
354.123 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
433.638 |
342.844 |
0.000 |
|
(b) Trade payables |
491.205 |
394.399 |
273.595 |
|
(c) Other current liabilities |
6950.794 |
6162.300 |
4947.691 |
|
(d) Short-term provisions |
969.892 |
566.124 |
816.466 |
|
Total
Current Liabilities (4) |
8845.529 |
7465.667 |
6037.752 |
|
|
|
|
|
|
TOTAL |
12373.997 |
10448.591 |
8872.720 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2053.400 |
1143.501 |
918.503 |
|
(ii) Intangible Assets |
2.674 |
4.220 |
2.692 |
|
(iii) Capital work-in-progress |
88.972 |
327.846 |
139.226 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
256.191 |
286.191 |
63.848 |
|
(c) Deferred tax assets (net) |
21.573 |
24.352 |
15.541 |
|
(d) Long-term Loan and Advances |
70.502 |
60.987 |
99.659 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2493.312 |
1847.097 |
1239.469 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3936.165 |
3717.759 |
2692.939 |
|
(c) Trade receivables |
1801.921 |
1518.561 |
1430.394 |
|
(d) Cash and cash equivalents |
2373.235 |
2077.110 |
2039.347 |
|
(e) Short-term loans and advances |
251.023 |
221.269 |
300.532 |
|
(f) Other current assets |
1518.341 |
1066.795 |
1170.039 |
|
Total
Current Assets |
9880.685 |
8601.494 |
7633.251 |
|
|
|
|
|
|
TOTAL |
12373.997 |
10448.591 |
8872.720 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
10223.714 |
8045.751 |
7544.929 |
|
|
Other Income |
155.184 |
164.673 |
152.891 |
|
|
TOTAL
|
10378.898 |
8210.424 |
7697.820 |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
9467.856 |
7426.514 |
6910.913 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
911.042 |
783.910 |
786.907 |
|
|
|
|
|
|
|
Less |
TAX |
280.779 |
236.188 |
236.229 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
630.263 |
547.722 |
550.678 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
45.818 |
67.419 |
37.415 |
|
|
|
|
|
|
|
Add |
PRIOR
PERIOD ADJUSTMENT |
0.323 |
0.411 |
(0.477) |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
550.000 |
500.000 |
450.000 |
|
|
Dividend |
75.000 |
60.000 |
60.000 |
|
|
Tax on Dividend |
12.746 |
9.734 |
10.197 |
|
|
BALANCE
CARRIED TO THE B/S |
38.658 |
45.818 |
67.419 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
8403.51 |
7302.96 |
7342.36 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
12000.000 (Due to market
fluctuation) |
|
|
|
|
|
The above information has been parted by Mr. Ravi Chandran.
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 |
NA |
1146.963 |
646.871 |
|
Net cash flows from (used in) operating activities |
NA |
657.353 |
384.720 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
6.16 |
6.81 |
7.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.59 |
7.99 |
9.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.26 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12 |
0.12 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.15 |
1.26 |
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 |
7.500 |
7.500 |
7.500 |
|
Reserves & Surplus |
2473.345 |
2951.744 |
3494.583 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
2480.845 |
2959.244 |
3502.083 |
|
|
|
|
|
|
long-term borrowings |
337.002 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
342.844 |
433.638 |
|
Total borrowings |
337.002 |
342.844 |
433.638 |
|
Debt/Equity ratio |
0.136 |
0.116 |
0.124 |
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 |
7544.929 |
8045.751 |
10223.714 |
|
|
|
6.638 |
27.070 |
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 |
7544.929 |
8045.751 |
10223.714 |
|
Profit |
550.678 |
547.722 |
630.263 |
|
|
7.30% |
6.81% |
6.16% |
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 |
Yes |
|
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 |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
Yes |
|
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 |
|
|
|
Loans and advances from related parties |
|
|
|
Loans and advances from directors |
410.251 |
310.231 |
|
Loans and advances from others |
23.387 |
32.613 |
|
Total |
433.638 |
342.844 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10144688 |
01/03/2014 * |
2,000,500,000.00 |
STATE BANK OF TRAVANCORE |
STATE BANK OF TRAVANCORE, ANNA NAGAR WEST, CHENNAI - 600101, TAMILNADU, INDIA |
C03157427 |
|
2 |
90285823 |
19/03/1990 * |
1,000,000.00 |
CANARA BANK |
AMBATTUR, MS 53, MADRAS - 600053, TAMILNADU, INDIA |
- |
* Date of charge modification
OPERATIONS
During the year, the operations of the Company has seen a good rise in the level of components of lifts produced from 6609 Lifts to 7115 Lifts and a rise in lifts installed from 6821 lifts to 7193 lifts. The turnover of the Company went up by Rs.2178.000 Million thereby registering a growth of 27%. Service revenue also has kept up with the growth.
MANUFACTURING
As explained in the last year report, the Oragadam plant has progressed as planned. Laser cutting machines, Salvagnini machines for punching and bending, Ameda turret punch press, Ameda bending press, power presses of 45T, 63T, 110T, 160T capacities, shearing machines are the major equipments procured and installed. Along with the above machines other infra structures like air compressors, stud welding machines, fork lift, EOT cranes etc. are also procured and installed. Trial runs and sample production for two months requirements of door panels and other sheet metal items were completed and found to be satisfactory. The plant is now ready for regular production.
DESIGN AND
DEVELOPMENT
1. Home lift design has been standardized and impressive catalogues/ brouchers are made to promote this product.
2. To counter the competition in low rise and small capacity lifts a new version of machines and its controls are being developed with focus on cutting down the cost.
3. To strengthen the technical team, mechanical, electrical and electronics engineers experienced in design and development are recruited.
BACKGROUND
The company is engaged in the manufacture, erection and servicing of lifts, and manufacturing, trading, erection and servicing of Escalators.
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer Equipments
- Other Equipments
- 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 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.65.15 |
|
|
1 |
Rs.99.78 |
|
Euro |
1 |
Rs.73.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
59 |
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.