MIRA INFORM REPORT
|
Report Date : |
08.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
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Registered Office : |
Tower XIV, Cybercity, |
|
|
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|
Country : |
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|
|
|
Financials (as on) : |
31.03.2011 |
|
|
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|
Date of Incorporation : |
12.12.1997 |
|
|
|
|
Com. Reg. No.: |
11- 112441 |
|
|
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|
Capital
Investment / Paid-up Capital : |
Rs.3448.574 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74220PN1997PTC112441 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEJ00773D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ4233B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing IT and IT Enabled Services |
|
|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 50000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track. The
company is doing well. Trade relations are reported as fair. Business is
active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. Latest Profit and Loss of the company is not Availble. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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
31-03-2012.
LOCATIONS
|
Registered
Office : |
Tower XIV, Cybercity, |
|
Tel. No.: |
91-20-66425013/ 66425000/67264510 |
|
Fax No.: |
91-20-66425001 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1: |
Parts Distn. Center, G.No.181 and 182, Off Pune Nagar Road, Sanas,
Pune, Maharashtra, India |
|
|
|
|
Factory 2: |
166-167, Gate No. 271-291, At Post Sanawadi, Taluka – Shirur, Pune –
412208, |
|
|
|
|
Area Sales
Office : |
44, Alankar Tower, 1st Floor, Sayaji Ganj, Vadodara – 390005, Gujarat,
India |
|
Tel No.: |
91-264-6444176 / 177 |
DIRECTORS
As on 13.07.2012
|
Name : |
Mr. Satish Bhimrao Nadiger |
|
Designation : |
Director |
|
Address : |
No. 601, Building A3, Aditya Shagun, NDA, |
|
Date of
Birth/Age : |
13.01.1963 |
|
Date of
Appointment : |
01.04.2010 |
|
DIN No. : |
00633892 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29210PN1998PTC130449 |
JOHN
DEERE EQUIPMENT PRIVATE LIMITED |
Director |
30/08/2008 |
31/07/2006 |
- |
Amalgamated |
NO |
|
2 |
U74220PN1997PTC112441 |
JOHN
DEERE INDIA PRIVATE LIMITED |
Managing
director |
30/08/2012 |
01/04/2010 |
- |
Active |
NO |
|
3 |
U65923PN2011PTC141149 |
JOHN
DEERE FINANCIAL INDIA PRIVATE LIMITED |
Director |
21/10/2011 |
21/10/2011 |
28/06/2012 |
Active |
NO |
|
Name : |
Mr. Shailendra Jagtap |
|
Designation : |
Director |
|
Address : |
Row House-165, Sn. 46/1/3 and 46/1/2 NIBM Road, Cloud – 9, Kondhwa KD,
Pune – 411028, Maharashtra, India |
|
Date of
Birth/Age : |
19.08.1962 |
|
Date of
Appointment : |
02.09.2010 |
|
DIN No. : |
02298467 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29210PN1998PTC130449 |
JOHN
DEERE EQUIPMENT PRIVATE LIMITED |
Alternate
director |
25/07/2008 |
25/07/2008 |
- |
Amalgamated |
NO |
|
2 |
U74220PN1997PTC112441 |
JOHN
DEERE INDIA PRIVATE LIMITED |
Director |
02/09/2010 |
01/04/2010 |
- |
Active |
NO |
|
Name : |
Mr. Ravi Achyutha Menon |
|
Designation : |
Director |
|
Address : |
606, Cosmos Building R, Magar, Patta City, Hadapsar, Pune – 411028,
Maharashtra, India |
|
Date of
Birth/Age : |
15.07.1961 |
|
Date of
Appointment : |
28.06.2012 |
|
DIN No. : |
05344407 |
KEY EXECUTIVES
|
Name : |
Mr. Sudhir Thite |
|
Designation : |
Manager |
|
Address : |
56, Prachi Apartments, Lane 5, Dahanukar Colony, Kothrud, Pune –
411038, |
|
Date of Birth/Age : |
27.05.1976 |
|
Date of Appointment : |
12.03.2003 |
|
Pan No. : |
ACXPT9094L |
|
|
|
|
Name : |
Mr. Ajit Prakash Jain |
|
Designation : |
Secretary |
|
Address : |
Flat No.602, Building D/1, Bramha Suncity, Vadgaon Sheri, Pune –
411014, Maharashtra, India |
|
Date of Birth/Age : |
13.07.1974 |
|
Date of Appointment : |
02.06.2012 |
|
Pan No. : |
ABMPJ8624L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 13.07.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Deere and Company, US |
|
10 |
|
John Deere Asia (Singapore) Private Limited,
Singapore |
|
344857343 |
|
TOTAL |
|
344857353 |
As on 13.07.2012
|
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
: |
Providing IT and IT enabled services |
GENERAL INFORMATION
|
No. of Employees : |
2000 (Approximately) |
|
|
|
|
Bankers: |
·
Industrial Investment Bank of India Limited, 19,
Netaji Subhas Road, Calcutta – 700001, West Bengal, India · State Bank of India, S. B. Road Branch, Pune, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and sells Chartered Accountant |
|
Address : |
12,Dr. Annie Beasant Road, Opposite Shivsagar Industrial Estate,
Worli, Mumbai - 400018, Maharashtra, India |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679100 |
|
Pan No. : |
ASDFG1234H |
|
|
|
|
Holding Company : |
· John Deere Asia Singapore Pte. Limited |
|
|
|
|
Ultimate Holding Company : |
·
Deere and Company |
|
|
|
|
Fellow
Subsidiary Companies : |
·
John Deere Usine De Saran ·
JD Worldwide C and F ·
John Deere Investment Company ·
John Deere Brazil Limited ·
John Deere S.A.S. ·
John Deere Pty Limited ·
John Deere Tianjin Product Resear ·
John Deere Tianjin Company Limited ·
John Deere Brasil Limited ·
John Deere Enschede B.V. ·
Industrias John Deere Argentina S. ·
Maschinenfabrik Kemper ·
John Deere Commercial Products Inc ·
John Deere Ningbo ·
Deere Tiantuo Company Limited ·
Motores John Deere S.A. De C.V. ·
Phoenix International ·
Industrias John Deere S.A. De C.V ·
John Deere Reman - Springfield ·
John Deere Thibodaux Incorporation ·
John Deere Jiamusi Agricultural ·
John Deere S.A.S - Euro ·
John Deere Limited ·
Industries John Deere Argentina S. ·
John Deere Pty Limited ·
John Deere Latin America S.A. ·
Industries John Deere S.A.De C.V ·
John Deere Limited ·
John Deere Iberica Spain ·
John Deere S.A. ·
John Deere Italiana S.R.L ·
John Deere International Gmbh ·
John Deere Makinalari Limited, Sirketi ·
John Deere Limited – Canada ·
John Deere Makinalari Limited Sti. ·
John Deere Information Systems ·
Deere Credit Services Incorporation ·
John Deere WW Lawn and Grounds Care ·
John Deere Turf Care ·
Waratah Nz Limited ·
John Deere Shared Services Incorporation ·
John Deere Israel ·
John Deere Australia ·
John Deere Shared Services Incorporation ·
John Deere Israel ·
John Deere Australia |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
653641000 |
Equity Shares |
Rs.10/- each |
Rs.6536.410 Millions |
|
|
|
|
|
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
344857353 |
Equity Share |
Rs.10/- each |
Rs.3448.574 Millions |
|
|
|
|
|
NOTES:
(A) Authorized
653,641,000 (Previous year 366,200,000) Equity Shares of Rs.10/- each
(B) Issued, Subscribed
and Paid up: 344,857,353 Equity Shares of Rs. 10/- each, fully paid-up (All the
above Shares of Rs. 10/- each are held by John Deere Asia (Singapore) Private
Limited, the Holding company (Previous year held by Deere and Company, the then
Holding Company including 10 equity shares held jointly)
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3448.573 |
3448.574 |
3448.574 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9873.568 |
1946.148 |
1622.031 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13322.141 |
5394.722 |
5070.605 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
94.951 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13417.092 |
5394.722 |
5070.605 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3429.493 |
994.803 |
628.289 |
|
|
Capital work-in-progress |
930.755 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
4193.907 |
4117.660 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3283.604 |
0.000 |
0.000 |
|
|
Sundry Debtors |
6213.833 |
92.775 |
265.316 |
|
|
Cash & Bank Balances |
2555.593 |
41.265 |
76.005 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
2201.222 |
460.433 |
238.875 |
|
Total Current Assets |
14254.252 |
594.473 |
580.196 |
|
|
Less: CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4647.986 |
320.816 |
71.655 |
|
|
Current Liabilities |
0.000 |
0.000 |
130.727 |
|
|
Provisions |
549.422 |
67.645 |
53.158 |
|
Total Current Liabilities |
5197.408 |
388.461 |
255.540 |
|
|
Net Current Assets |
9056.844 |
206.012 |
324.656 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13417.092 |
5394.722 |
5070.605 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
2885.070 |
2511.584 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
3250.000 (Approximately) |
2885.070 |
2511.584 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating
Expenses |
NA |
2381.115 |
2061.578 |
|
|
|
TOTAL |
NA |
2381.115 |
2061.578 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) |
NA |
503.955 |
450.006 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
196.419 |
179.650 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) |
NA |
307.536 |
270.356 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
(16.581) |
13.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) |
3569.987 |
324.117 |
257.347 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
516.244 |
258.897 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
840.361 |
516.244 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
2844.705 |
2482.355 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
47.441 |
145.334 |
|
|
TOTAL IMPORTS |
NA |
47.441 |
145.334 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
10.35 |
0.94 |
0.75 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total
Income |
(%) |
NA |
11.23 |
10.25 |
|
|
|
|
|
|
|
Return on Total
Assets (PBT/Total
Assets} |
(%) |
NA |
19.35 |
22.37 |
|
|
|
|
|
|
|
Return on
Investment (ROI) (PBT/Networth) |
|
NA |
0.06 |
0.05 |
|
|
|
|
|
|
|
Debt Equity
Ratio (Total
Liability/Networth) |
|
0.39 |
0.07 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current
Asset/Current Liability) |
|
2.74 |
1.53 |
2.27 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE:
The Registered
Office of the company has been shifted from John Deera Technology Centre, Cybercity, Magarpatta City Hadapsar, Pune – 411013,
CONTINGENT LIABILITY:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
(i) Demand notices received from various Government Agencies are as under: The Company has filed appeals in the below mentioned matters before Appellate authorities and is hopeful of succeeding in the same |
|
|
|
Customs a) Import of second hand tractor in EOU b) Re-import of returnable racks |
1.291 0.910 |
0.000 |
|
Excise a) Penalty under Central Excise Rules 25&26 b) MRP based valuation & Excise Duty rate for removal of parts from EOU to PDC |
1.477 24.303 |
0.000 |
|
Service Tax a) Service tax on Royalty under the category of Consulting Engineer b) Service Tax Credit disallowed on some Input Services |
9.731 10.863 |
0.000 |
|
Value Added Tax a) Entry Tax at Hosur b) Interest on delay payment |
1.331 0.141 |
0.000 |
|
Income Tax Income Tax Department is in appeal * Amount has been paid under protest |
98.317 |
0.000 |
|
(ii) Bank Guarantees outstanding |
693.877 |
2.005 |
FIXED ASSET
(A)
Tangible Assts
- Furniture and Fixtures
- Office Equipment
- Computers
- Building
- Leasehold Improvements
- Motor Cars
- Plant and Machinery
(B)
Intangible Assts
- Software and Licenses
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.51.62 |
|
|
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.67.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.