MIRA INFORM REPORT
|
Report No. : |
342917 |
|
Report Date : |
29.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
GOODYEAR SOUTH ASIA TYRES PRIVATE LIMITED (w.e.f. 26.11.2001) |
|
|
|
|
Formerly Known
As : |
SOUTH ASIA TYRES PRIVATE LIMITED (w.e.f. 07.09.2001) SOUTH ASIA TYRES LIMITED |
|
|
|
|
Registered
Office : |
Plot No. H-18, MIDC Industrial Area, Waluj, Aurangabad – 431136,
Maharashtra |
|
Tel. No.: |
91-240-6608000/ 2564092 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.12.1993 |
|
|
|
|
Com. Reg. No.: |
11-075617 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5237.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1993PTC075617 |
|
|
|
|
IEC No.: |
0394048148 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKG01262C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG5544P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
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Line of Business
: |
Manufacturer and Exporter of Four Wheeler Tyres, Tubes and Flaps. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of the “GOODYEAR TIRE AND RUBBER COMPANY’,
U.S. Goodyear is one of the world’s largest tyre companies. It manufactures
its products in 50 facilities in 22 countries around the world. It is an established company incorporated in the year 1993 having fine
track. Financial position of the company is sound. Balance sheet of the
company is debt free. Fundaments of the company are strong and healthy. Further, the rating also takes into consideration rich experience of
its promoters, long track record and established brand position of the
company. The rating also continues to derive strength from its prominent
parentage Viz. GOODYEAR TIRE AND RUBBER) and its experienced management. It is also to be noted that “GOODYEAR TIRE AND RUBBER” has been ranked
160 with Fortune 500 Companies. Trade relations are fair. Business is active. Payment terms are
reported as regular and as per commitments. The company can be considered good 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 PARTED BY
|
Name : |
Ms. Rakhi Gupta |
|
Designation : |
Finance Controller and Secretary |
|
Contact No.: |
91-240-6608000 |
|
Date : |
26.09.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. H-18, MIDC Industrial Area, Waluj Aurangabad – 431136,
Maharashtra, India |
|
Tel. No.: |
91-240-6608000 |
|
Fax No.: |
91-240-6608281 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Rajeev Anand |
|
Designation : |
Director |
|
Address : |
Plot No. 17, First Floor, Pocket - II, Jasola Vihar, Behind Apollo Hospital, New Delhi - 110025, Delhi, India |
|
Date of Birth/Age : |
23.05.1960 |
|
Date of Appointment : |
20.01.2009 |
|
DIN No.: |
02519876 |
|
|
|
|
Name : |
Timothy Alan Frosell |
|
Designation : |
Director |
|
Address : |
Room 1602, No. 5, Lane 168, Shunchang Road, Shanghai - 200000, China |
|
Date of Birth/Age : |
05.10.1963 |
|
Date of Appointment : |
11.10.2013 |
|
DIN No.: |
06689882 |
|
|
|
|
Name : |
Oliver Carsten Gloe |
|
Designation : |
Additional Director |
|
Address : |
Room No. 1616, Shi Ji, Da Dao No. 8, Shanghai - 200122, China |
|
Date of Appointment : |
01.09.2015 |
|
DIN No.: |
07250426 |
|
|
|
|
Name : |
Mr. Anil Gupta |
|
Designation : |
Whole-time director |
|
Address : |
B-2, Sector - 23, Gautam Budh Nagar, Tehsil - Dadri, Noida - 201301, Uttar Pradesh, India |
|
Qualification : |
Diploma in Electrical Engineer |
|
Experience : |
19 years |
|
Date of Appointment : |
01.09.2015 |
|
DIN No.: |
07274174 |
KEY EXECUTIVES
|
Name : |
Ms. Rakhi Gupta |
|
Designation : |
Secretary |
|
Address : |
House No. 5, Ward No. 8, Sihi gate bazar, Ballabgarh, Faridabad - 121004, Haryana, India |
|
Date of Birth/Age : |
08.12.1985 |
|
Date of Appointment : |
01.01.2010 |
|
PAN No.: |
AQOPG3628G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2015
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
The Goodyear Tire and Rubber Company, USA |
512387250 |
97.83 |
|
Goodyear Orient Company Private Limited , Singapore |
11340000 |
2.17 |
|
|
|
|
|
Total |
523727250 |
100.00 |
AS ON 26.09.2015
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Four Wheeler Tyres, Tubes and Flaps. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
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Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Malaysia |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· China · France · US · Argentina |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/ 60/ 90 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/ 60/ 90
Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
500 (Approximately) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
Price Waterhouse Building 8, 7Th and 8Th Floor, Tower - Board, DLF Cyber City, Gurgaon-122022, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFP9359C |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding company: |
The Goodyear Tire and Rubber Company, USA |
|
|
|
|
Fellow
Subsidiary Company : |
·
Goodyear India Limited (CIN No.:
L25111HR1961PLC008578) ·
Goodyear S.A., Luxembourg ·
Goodyear International Corporation ·
PT Goodyear Indonesia Tbk ·
Goodyear Dalian Tire Rubber Company Limited ·
Goodyear do Brasil Produtos de Borracha
Ltda ·
Goodyear (Thailand) Public Company Limited ·
Goodyear Singapore Tyres ·
Goodyear Dunlop Tires GMBH ·
Goodyear Malaysia Berhad ·
Goodyear Tire Management Company (Shanghai)
Limited ·
Goodyear Orient Company (Private) Limited,
Singapore ·
Goodyear Wingfoot Kabushiki Kaisha, Japan |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
530,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5300.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
523,727,250 |
Equity Shares |
Rs. 10/- each |
Rs. 5237.273
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 |
5237.300 |
5237.300 |
5237.300 |
|
(b) Reserves & Surplus |
1058.400 |
598.300 |
393.000 |
|
(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) |
6295.700 |
5835.600 |
5630.300 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
502.300 |
327.600 |
182.100 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
151.500 |
125.100 |
107.100 |
|
Total
Non-current Liabilities (3) |
653.800 |
452.700 |
289.200 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
1579.500 |
1158.700 |
1127.300 |
|
(c)
Other current liabilities |
303.200 |
169.300 |
158.000 |
|
(d)
Short-term provisions |
26.100 |
16.500 |
12.200 |
|
Total
Current Liabilities (4) |
1908.800 |
1344.500 |
1297.500 |
|
|
|
|
|
|
TOTAL |
8858.300 |
7632.800 |
7217.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
4183.900 |
4262.100 |
4229.300 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
496.900 |
490.700 |
232.500 |
|
(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 |
734.100 |
750.100 |
684.500 |
|
(e)
Other Non-current assets |
74.800 |
70.300 |
67.200 |
|
Total
Non-Current Assets |
5489.700 |
5573.200 |
5213.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
984.900 |
819.600 |
647.000 |
|
(c)
Trade receivables |
962.900 |
889.400 |
773.400 |
|
(d)
Cash and cash equivalents |
1212.500 |
227.500 |
441.300 |
|
(e)
Short-term loans and advances |
159.700 |
92.700 |
119.400 |
|
(f)
Other current assets |
48.600 |
30.400 |
22.400 |
|
Total
Current Assets |
3368.600 |
2059.600 |
2003.500 |
|
|
|
|
|
|
TOTAL |
8858.300 |
7632.800 |
7217.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
8045.900 |
7193.300 |
7113.600 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
6863.400 |
6385.000 |
6360.500 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1182.500 |
808.300 |
753.100 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.100 |
6.900 |
19.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1174.400 |
801.400 |
734.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
537.700 |
499.800 |
444.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
636.700 |
301.600 |
289.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
256.100 |
181.400 |
126.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
380.600 |
120.200 |
162.600 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
4.800 |
70.200 |
45.600 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2332.000 |
0.000 |
1999.600 |
|
|
|
Stores & Spares |
57.500 |
37.100 |
37.600 |
|
|
|
Capital Goods |
240.700 |
485.300 |
497.200 |
|
|
|
Others |
54.800 |
606.400 |
0.000 |
|
|
TOTAL IMPORTS |
2685.000 |
1128.800 |
2534.400 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.73 |
2.30 |
0.31 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
10000.000 |
|
|
|
|
|
The above information has been parted by Mr. Rakhi Gupta (Finance
Controller).
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 Flow from used in Operations |
1442.100 |
621.900 |
941.900 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.61 |
4.22 |
4.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.05 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76 |
1.53 |
1.54 |
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 |
5237.300 |
5237.300 |
5237.300 |
|
Reserves & Surplus |
393.000 |
598.300 |
1058.400 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5630.300 |
5835.600 |
6295.700 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
7113.600 |
7193.300 |
8045.900 |
|
|
|
1.120 |
11.853 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
7113.600 |
7193.300 |
8045.900 |
|
Profit |
162.600 |
120.200 |
380.600 |
|
|
2.29% |
1.67% |
4.73% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
OPERATIONS
During the year, the net sales and other income increased from Rs 7193.300 Million in the previous year to Rs 80459 Lakhs. The depreciation amounted to Rs 537.700 Million.
The Company has recently been recognized by Hyundai with a Special Merit award at Hyundai India’s 16th Annual Vendor Conference.
FINANCE AND ACCOUNTS
During the year, the Company has incurred a capital expenditure of Rs 441.600 Million. The amount of Rs 79.500 Million has been transferred to Capital Reserve in lieu of Package Scheme of Incentives 2007 (PSI 2007) and an amount of Rs 380.600 Million has been transferred to Reserves.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment’s
·
Furniture and Fixture
·
Vehicles
·
Office Equipment’s
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.66.08 |
|
|
1 |
Rs.100.32 |
|
Euro |
1 |
Rs.73.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
65 |
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.