MIRA INFORM REPORT
|
Report No. : |
347247 |
|
Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
BENTELER AUTOMOTIVE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-3, Phase II, Chakan MIDC Area, Khalumbre, Khed Taluka, Pune –
410501, Maharashtra |
|
Tel. No.: |
91-2135-612200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2014 |
|
|
|
|
Date of
Incorporation : |
17.07.2008 |
|
|
|
|
Com. Reg. No.: |
11-132446 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.563.120
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34101PN2008FTC132446 |
|
|
|
|
IEC No.: |
3108018817 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEB06013A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB1827C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the manufacture of auto components for Original Equipment Manufacturers (OEMs). |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 was incorporated on 17th July, 2008. It is a part of BETLELER Group, Germany. It is engaged into business of Manufacture of auto components for Original Equipment Manufacturers (OEMs). It has satisfactory track record. The company is continuously incurring a losses from its operations.
However, there is significant improvement in networth base and cash and bank
balances along with decrease in debt level during FY 2014. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. 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.
EXTERNAL AGENCY RATING
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. Sandeep / Mr. Akshay Ranade |
|
Designation : |
Office Executive / Accountant |
|
Contact No.: |
91-2135-612200 |
|
Date : |
27.10.2015 |
LOCATIONS
|
Registered Office / Factory : |
A-3, Phase II, Chakan MIDC Area, Khalumbre, Khed Taluka, Pune -
410501, Maharashtra, India |
|
Tel. No.: |
91-2135-612200 / 65002822 |
|
Mobile No.: |
91-9845162622 (Mr. Ganesh Guruvanna Mane) |
|
Fax No.: |
91-2135-612201 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
110000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
AS ON 27.06.2014
|
Name : |
Mr. Ganesh Guruvanna Mane |
|
Designation : |
Managing Director |
|
Address : |
C001, Terrance Garden Apartments, BSK 3rd Stage, 3rd
Phase, Ittamadi, |
|
Date of Birth/Age : |
19.12.1966 |
|
Date of Appointment : |
17.07.2008 |
|
DIN No.: |
01880727 |
|
PAN No.: |
ABKPM1086B |
|
|
|
|
Name : |
Mr. Ralf Gottel |
|
Designation : |
Director |
|
Address : |
Tempelhofer Strabe 394 A D – 33100, Aaderborn – 33100, Germany |
|
Date of Birth/Age : |
28.05.1966 |
|
Date of Appointment : |
30.09.2011 |
|
Din No.: |
03621522 |
|
|
|
|
Name : |
Hee-Yek Koh |
|
Designation : |
Director |
|
Address : |
Green Court, Apartment – 4 – 501, 777 Biyun Road, PudongShanghai,
Jinqiao District – 201206, China |
|
Date of Birth/Age : |
22.12.1952 |
|
Date of Appointment : |
20.12.2012 |
|
Din No.: |
05340558 |
|
|
|
|
Name : |
Mr. Chnadrakumar Kulkarni |
|
Designation : |
Director |
|
Address : |
Chaitanya, S No. 48-4, H No. 145, Ganesh Nagar, Vadgaon Sheri, Pune –
411014, Maharashtra, India |
|
Date of Birth/Age : |
09.05.1965 |
|
Date of Appointment : |
23.07.2013 |
|
Din No.: |
05266276 |
|
PAN No.: |
AAZPK6648M |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep |
|
Designation : |
Office Executive |
|
|
|
|
Name : |
Mr. Akshay Ranade |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 27.06.2014
|
Names of Shareholders |
|
No. of Shares |
|
Benteler Automotive International GMBH, |
|
19275955 |
|
Benteler Deutschland GmbH |
|
1 |
|
|
|
|
|
Total |
|
19275956 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.06.2014
|
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 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacture of auto components for Original Equipment Manufacturers (OEMs). |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
BBSR and Company Chartered Accountants |
|
Address : |
703, 7th Floor, Godrej Castlemaine, Next to Ruby Hall
Clinic, Bund Garden Road, Pune - 411001, Maharashtra, India |
|
Tel. No.: |
91-20-30585764 / 30585765 |
|
Fax No.: |
91-20-30585775 |
|
PAN No.: |
AAKFB4397F |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Holding company : |
· Benteler Automobiltechnik GmbH · Benteler Automative International GmbH |
|
|
|
|
Ultimate Holding
company : |
· Benteler International AG · Benteler Deutschland GmbH |
|
|
|
|
Fellow
Subsidiary company : |
· Benteler Maschinenbau GmbH · Benteler Automotive Vigo S.L. · Benteler Espana S.A · Benteler Componentes Automotivos Ltda. · Benteler Rothrist GmbH · Benteler Automotive S.p.a · Benteler Automotive Corporation · Benteler Distribution India Private Limited · Benteler Maschinenbau CZ s.r.o. · Benteler Trgovina d.o.o · Benteler Defence GmbH · Benteler Automotive (china) Investment Co. Limited · Benteler Automotive Components (shanghai) Co. Limited · Benteler Automotive Chongqing Co. Limited · Benteler Automotive South Africa (pty) Limited · Shanghai Benteler Hu i z h o n g Automotive Co. Limited · Benteler CR s.r.o · Benteler Automative KK · Benteler Distribution Signapore Pte Limited · Benteler Steel/Tube GmbH · Benteler Automotive (Thailand) Limited · Benteler Global Procurement Gmbh · Benteler Components (Shanghai) Co. Limited |
CAPITAL STRUCTURE
AS ON 31.12.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
72000000 |
Equity Shares |
Rs.10/- each |
Rs.720.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
56311956 |
Equity Shares |
Rs.10/- each |
Rs.563.120 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
563.120 |
192.760 |
192.760 |
|
(b) Reserves & Surplus |
(53.103) |
(53.103) |
(53.103) |
|
(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) |
510.017 |
139.657 |
139.657 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
62.464 |
52.730 |
36.135 |
|
(d) long-term
provisions |
5.649 |
3.736 |
6.988 |
|
Total Non-current
Liabilities (3) |
68.113 |
56.466 |
43.123 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
842.221 |
1274.077 |
1659.554 |
|
(b) Trade
payables |
316.888 |
598.345 |
177.444 |
|
(c) Other
current liabilities |
105.287 |
383.356 |
152.793 |
|
(d) Short-term
provisions |
2.482 |
1.676 |
0.509 |
|
Total Current
Liabilities (4) |
1266.878 |
2257.454 |
1990.300 |
|
|
|
|
|
|
TOTAL |
1845.008 |
2453.577 |
2173.080 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
703.012 |
801.892 |
706.711 |
|
(ii)
Intangible Assets |
0.738 |
1.104 |
1.470 |
|
(iii)
Capital work-in-progress |
18.408 |
13.933 |
144.802 |
|
(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 |
69.924 |
130.650 |
185.102 |
|
(e) Other
Non-current assets |
0.523 |
0.500 |
0.000 |
|
Total Non-Current
Assets |
792.605 |
948.079 |
1038.085 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
359.987 |
214.489 |
198.838 |
|
(c) Trade
receivables |
353.050 |
389.612 |
69.207 |
|
(d) Cash
and cash equivalents |
27.913 |
0.021 |
0.069 |
|
(e)
Short-term loans and advances |
300.745 |
233.661 |
188.817 |
|
(f) Other
current assets |
10.708 |
667.715 |
678.064 |
|
Total
Current Assets |
1052.403 |
1505.498 |
1134.995 |
|
|
|
|
|
|
TOTAL |
1845.008 |
2453.577 |
2173.080 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2289.151 |
2115.031 |
1127.320 |
|
|
Other Income |
89.598 |
48.455 |
52.312 |
|
|
TOTAL
|
2378.749 |
2163.486 |
1179.632 |
|
|
|
|
|
|
|
Less |
EXPENSES |
2797.315 |
2364.177 |
1706.435 |
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE DEPRECIATION, PRIOR PERIOD ITEMS, SUBVENTION MONEY AND TAX |
(418.566) |
(200.691) |
(526.803) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION |
68.241 |
67.765 |
56.167 |
|
|
|
|
|
|
|
|
Profit
/ (Loss) before subvention money and Tax |
(486.807) |
(268.456) |
(582.970) |
|
|
|
|
|
|
|
Less/
Add |
Subvention money received |
(486.807) |
(268.456) |
(582.970) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(53.103) |
(53.103) |
(53.103) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(53.103) |
(53.103) |
(53.103) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.00 |
0.00 |
0.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
(384.991) |
(5.279) |
(372.635) |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
(18.28) |
(9.49) |
(46.73) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.65 |
9.12 |
11.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83 |
0.67 |
0.57 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
192.760 |
192.760 |
563.120 |
|
Reserves & Surplus |
(53.103) |
(53.103) |
(53.103) |
|
Net
worth |
139.657 |
139.657 |
510.017 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1659.554 |
1274.077 |
842.221 |
|
Total
borrowings |
1659.554 |
1274.077 |
842.221 |
|
Debt/Equity
ratio |
11.883 |
9.123 |
1.651 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
1127.320 |
2115.031 |
2289.151 |
|
|
|
87.616 |
8.233 |
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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
A-103, Mccia Trade Tower, International Convention Centre, Senapati Bapat Road,
Pune - 411016, Maharashtra, India to the present address w.e.f. 29.11.2010.
OPEARTIONS AND
FUTURE PROSPECTS
Subject is engaged in the manufacture of auto components for Original Equipment Manufacturers (OEMs) at Pune plant and also engaged in tier 1 and tier 2 businesses at Chennai. Subject has tied up with JBM, Chennai for contract manufacturing and is responsible for Quality of delivery to Ford India.
Subject is on successful track with the VW business for chassis and structures program with approximately 114,000 car sets (2014).
Subject received nomination for India specific car of VW India for new a pillar design.
Subject got the additional Honda 2WK business with 27,000 Rear Axle p.a.
Subject is on successful track with the Ford B515 business for chassis and structures program including exports to Ford Thailand, Russia and Vietnam.
Subject received nomination for Ford B562 Rear Bumper with the peak volume of 27,000 p.a.
Subject is in process of offering quotations for Ford B515 North America volumes manufactured at Chennai.
Subject is in process to start new hot forming line at Pune plant (SOP 2017).
Subject is on track to supply to Maruti Suzuki the Chassis parts for YAD program (SOP in May 2015) and YBA program (SOP in January 2016) with total annual volume of 120,000 vehicles.
Subject is planning to utilize and improve plant capacity with Mahindra HF business in Pune.
UNSECURED LOANS:
|
Particulars |
31.12.2014 Rs. In Million |
31.12.2013 Rs. In Million |
|
Short Term Borrowings |
|
|
|
Loans repayable
on demand from banks |
842.221 |
1274.077 |
|
|
|
|
|
Total |
842.221 |
1274.077 |
NO CHARGES EXIST FOR
COMPANY
FIXED ASSETS:
Tangible assets
· Plant and equipment
· Furniture and fixtures
· Office equipment
· Leasehold improvements
· Computer equipments
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.64.96 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
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.