MIRA INFORM REPORT
|
Report No. : |
340658 |
|
Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
CASE NEW HOLLAND CONSTRUCTION EQUIPMENT (INDIA) PRIVATE LIMITED
(w.e.f. 16.05.2011) |
|
|
|
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Formerly Known
As : |
L & T-CASE EQUIPMENT PRIVATE LIMITED (w.e.f. 13.12.2001) L & T-CASE EQUIPMENT LIMITED (w.e.f. 08.10.1999) L & T-CASE EQUIPMENT PRIVATE LIMITED (w.e.f. 24.09.1999) L & T -CASE INDUTRIES PRIVATE LIMITED |
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Registered
Office : |
219 Atlanta Estate, A-Wing, Near Virwani Industrial Estate, Off Western Express Highway, Goregaon (East), Mumbai- 400063, Maharashtra |
|
Tel. No.: |
91-22-67525758 |
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|
|
Country : |
India |
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|
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Financials (as
on) : |
31.12.2013 |
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Date of Incorporation
: |
20.11.1998 |
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|
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Com. Reg. No.: |
11-117183 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 240.100 Million |
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|
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CIN No.: [Company Identification
No.] |
U29240MH1998PTC117183 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is primarily engaged in the business of manufacture and sale of earth moving equipment’s. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated on 20th November, 1998. It has
fine track record. Management of the company has failed to file its financial for the
year December 2014 with the government Department. As per available financial of 2013, overall financial position of the
company seems to be strong and healthy. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitment. In view of established market position in the domestic construction
segment, the company can be considered normal for business dealing 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating AA- |
|
Rating Explanation |
Have high degree of safety and carry very low credit risk. |
|
Date |
23.03.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A1+ |
|
Rating Explanation |
Have very strong degree of safety carry lowest credit risk. |
|
Date |
23.03.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Suman Babu |
|
Designation : |
Sales Manager |
|
Contact No.: |
91-9885847766 |
|
Date : |
10.09.2015 |
LOCATIONS
|
Registered Office : |
219 Atlanta Estate A-Wing, Near Virwani Industrial Estate, Off Western Express Highway, Goregaon(East), Mumbai- 400063, Maharashtra, India |
|
Tel. No.: |
91-22-67525758 |
|
Mobile No.: |
91-9885847766 (Mr. Suman Babu) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
|
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Corporate Office : |
8-2-268/1A/6, Road No.3, Opposite Hyderabad House Lane, Aurora Colony,
Banjara Hills, Hyderabad-500034, Telangana, India |
DIRECTORS
As on 07.03.2014
|
Name : |
Mr. Rakesh Malhotra |
|
Designation : |
Director |
|
Address : |
228, Bhera Enclave-110087, Delhi, India |
|
Date of Birth/Age : |
06.04.1958 |
|
Date of Appointment : |
12.09.2009 |
|
DIN No.: |
00015911 |
|
|
|
|
Name : |
Stefano Pampalone |
|
Designation : |
Director |
|
Address : |
Via Paradiso 2, 6964 Sorengo, Lugano, NA, Switzerland |
|
Date of Birth/Age : |
09.11.1967 |
|
Date of Appointment : |
15.12.2011 |
|
DIN No.: |
02784982 |
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|
|
|
Name : |
Mr. Abhijit Gupta |
|
Designation : |
Managing Director |
|
Address : |
04-02-2, 2nd Floor, Tower 04, ATS One Hamlet, Sector -104, District Gautam Budh Nagar, Noida-201304, Uttar Pradesh, India |
|
Date of Birth/Age : |
05.10.1963 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
03494017 |
|
|
|
|
Name : |
Damiano Cretarola |
|
Designation : |
Director |
|
Address : |
Belvedere Road No. 15, Davesco-Soragno, Switzerland, Switzerland, 6964, Switzerland |
|
Date of Birth/Age : |
23.12.1969 |
|
Date of Appointment : |
13.02.2014 |
|
DIN No.: |
06711790 |
|
|
|
|
Name : |
Giovanna Barbieri |
|
Designation : |
Additional Director |
|
Address : |
Via Luigi Valdrighi N.70, Modena, NA, Italy |
|
Date of Appointment : |
18.09.2014 |
|
DIN No.: |
06898205 |
KEY EXECUTIVES
|
Name : |
Mr. Suman Babu |
|
Designation : |
Sales Manager |
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|
|
|
Name : |
Mr. Rakesh Svahu |
|
Designation : |
Office executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 07.03.2014
|
Names of Shareholders |
|
No. of Shares |
|
CNH America LLC, USA |
|
12005000 |
|
New Holland Flat (India) Private Limited, India |
|
12005000 |
|
Total |
|
24010000 |
Equity Share Break up (Percentage of Total Equity)
As on 07.03.2014
|
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 |
50.00 |
|
Bodies corporate |
50.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20340658_MIRA%2011-Sep-2015_files/image016.gif)
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in the business of manufacture and sale of earth moving equipment’s. |
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Products : |
Not Available |
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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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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S R B C and Company LLP Chartered Accountants |
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Address : |
Golf View Corporate Tower- B, Sector-42, Sector Road, Gurgaon-122002, Haryana, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9117R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Fellow Subsidiary Company : |
· CNH America LLC, USA · New Holland Tractor Limited N.V, Belgium · CNH France Industrial S.A., France · CNH Italia s.P.a, Italy · C N H I International S.A · New Holland Fiat (India) Private Limited · CNH Latin America LTDA, Brazil |
CAPITAL STRUCTURE
As on 07.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24,010,000 |
Equity Shares |
Rs.10/- each |
Rs. 240.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
240.100 |
240.100 |
240.100 |
|
(b) Reserves & Surplus |
1332.540 |
1220.319 |
979.564 |
|
(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) |
1572.640 |
1460.419 |
1219.664 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.021 |
4.917 |
12.908 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
40.815 |
50.369 |
47.808 |
|
Total Non-current
Liabilities (3) |
42.836 |
55.286 |
60.716 |
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|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
220.735 |
126.261 |
218.828 |
|
(b) Trade
payables |
758.872 |
1098.588 |
1071.293 |
|
(c) Other
current liabilities |
163.921 |
197.213 |
223.915 |
|
(d) Short-term
provisions |
100.847 |
103.962 |
81.521 |
|
Total Current
Liabilities (4) |
1244.375 |
1526.024 |
1595.557 |
|
|
|
|
|
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TOTAL |
2859.851 |
3041.729 |
2875.937 |
|
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|
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|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
519.4 |
480.753 |
481.189 |
|
(ii)
Intangible Assets |
34.507 |
8.973 |
9.510 |
|
(iii)
Capital work-in-progress |
32.361 |
22.985 |
1.004 |
|
(iv)
Intangible assets under development |
5.176 |
27.605 |
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 |
19.856 |
19.908 |
18.293 |
|
(e) Other
Non-current assets |
59.490 |
64.186 |
40.058 |
|
Total Non-Current Assets |
670.790 |
624.410 |
550.054 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
772.337 |
914.463 |
1012.864 |
|
(c) Trade
receivables |
1283.603 |
1289.610 |
1158.675 |
|
(d) Cash
and cash equivalents |
5.874 |
70.583 |
0.941 |
|
(e)
Short-term loans and advances |
127.247 |
142.663 |
153.403 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2189.061 |
2417.319 |
2325.883 |
|
|
|
|
|
|
TOTAL |
2859.851 |
3041.729 |
2875.937 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
5720.760 |
6553.930 |
4573.410 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
5490.660 |
6142.110 |
4475.250 |
|
|
|
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|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
230.100 |
411.820 |
98.160 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
63.750 |
55.940 |
34.830 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
166.350 |
355.880 |
63.330 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
54.130 |
115.130 |
22.410 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
112.220 |
240.750 |
40.920 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.67 |
10.02 |
1.70 |
|
%20PRIVATE%20LIMITED%20-%20340658_MIRA%2011-Sep-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20340658_MIRA%2011-Sep-2015_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20340658_MIRA%2011-Sep-2015_files/image005.gif){kind=small}
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
32.091 |
394.312 |
161.183 |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.96 |
3.67 |
0.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.89 |
11.90 |
2.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.24 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.14 |
0.09 |
0.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76 |
1.58 |
1.46 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
240.100 |
240.100 |
240.100 |
|
Reserves & Surplus |
979.564 |
1220.319 |
1332.540 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1219.664 |
1460.419 |
1572.640 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
218.828 |
126.261 |
220.735 |
|
Total
borrowings |
218.828 |
126.261 |
220.735 |
|
Debt/Equity
ratio |
0.179 |
0.086 |
0.140 |
%20PRIVATE%20LIMITED%20-%20340658_MIRA%2011-Sep-2015_files/image018.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
4573.410 |
6553.930 |
5720.760 |
|
|
|
43.305 |
(12.713) |
%20PRIVATE%20LIMITED%20-%20340658_MIRA%2011-Sep-2015_files/image020.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
4573.410 |
6553.930 |
5720.760 |
|
Profit |
40.920 |
240.750 |
112.220 |
|
|
0.89% |
3.67% |
1.96% |
%20PRIVATE%20LIMITED%20-%20340658_MIRA%2011-Sep-2015_files/image022.gif)
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 |
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 |
No |
|
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 |
Yes |
|
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: Registered office of the company has been shifted from B1-207, 2nd Floor, Boomerang, Chandivali Farm Road, Near Chandivali Studio, Andheri (East), Mumbai-400072, Maharashtra, India to the present address.
UNSECURED LOAN
|
PARTICULARS |
31.12.2013 (Rs.
in Million) |
31.12.2012 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
51.312 |
85.366 |
|
|
|
|
|
Total |
51.312 |
85.366 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10410458 |
04/02/2013 |
750,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI,
Maharashtra - 400013, INDIA |
B70307368 |
* Date of charge modification
COMPANY AFFAIRS
The Company is committed to make best-in-class products available to Indian customers along with nationwide parts and service support. During this operating period, the Company sold 2402 numbers (previous year 3003) of Backhoe Loaders, 682 numbers (previous year 674) of Vibratory Compactors in addition to the parts and services, generating total net revenue from operations and other income of Rs. 5720.760 million (previous year Rs. 6553.930 million). Profit before tax for the year was Rs. 166.350 million compared to Rs. 355.880 million for the previous year.
CORPORATE INFORMATION
The Company is a private limited company, incorporated under the provisions of the Companies Act, 1956. The Company is primarily engaged in the business of manufacture and sale of earth moving equipments. The Company manufactures Backhoe Loaders and Vibratory Compactors. The Company is jointly owned (fifty percent each) by CNH America LLC and New Holland Fiat (India) Private Limited.
INDUSTRIAL OUTLOOK
In the recent years, the country has witnessed massive investment in the construction industry from both public and private enterprises. Multi-billion dollar investments in constructing roads, ports and power plants, and developing telecommunication sector and urban infrastructure have paved the way for the construction equipment demand to grow.
During the year, the industrial growth in the segment was slower and this reflected in the lower volumes. The Company is exploring various initiatives to strengthen the market for its products with a robust manufacturing presence. The Construction Equipment industry is expected to cater to global demand in times to come.
Industrial relations continued to be good during the year and there were no loss time incidents that affected production.
OUTLOOK
The Company continues to focus on product development with high quality standards and efficient after sales services to win the satisfaction of the customers in the market place. The Company will continue to launch new products as its growth strategy in India.
FIXED ASSETS
- Land
- Furniture and fixture
- Building
- Plant and machinery
- Vehicle
- Computer
- Office equipment
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.66.58 |
|
|
1 |
Rs.102.29 |
|
Euro |
1 |
Rs.74.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
5 |
|
--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 |
|
53 |
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.