MIRA INFORM REPORT
|
Report Date : |
02.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
EAGLEBURGMANN INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SEALOL HINDUSTAN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No 64, Ramtekadi Industrial Area, Hadapsar, Pune - 411013,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation
: |
11.12.1973 |
|
|
|
|
Com. Reg. No.: |
11-030296 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 29.201 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN1973PTC030296 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEE00631B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABUG5287P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 9200000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having fine track
record. The financial position of the company is sound and healthy.
Performance capability is high. Trade relations are reported as trustworthy.
Business is active. Payments are reported to be regular and as per
commitment. The company can be considered good for business dealings at usual
trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more!
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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.
INFORMATION PARTED BY
|
Name : |
Mr. Bagchi |
|
Designation : |
Senior Vice President Finance |
|
Contact No.: |
91-20-26508224 |
|
Date : |
01.08.2013 |
LOCATIONS
|
Registered Office : |
Plot No 64, Ramtekadi Industrial Area, Hadapsar, Pune - 411013,
Maharashtra, India |
|
Tel. No.: |
91-20-26812901 |
|
Fax No.: |
91-20-26812915 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
Located at : ·
·
Vadodara ·
Chennai ·
·
Guwahati ·
·
·
·
Kolkata ·
·
Mumbai ·
New Panvel ·
·
Vapi ·
Chennai |
DIRECTORS
As on: 29.06.2012
|
Name : |
Mr. Jimmy Minoo Panthaki |
|
Designation : |
Managing Director |
|
Address : |
Wadia Building |
|
Date of Birth/Age : |
11.11.1945 |
|
Date of Appointment : |
01.04.2010 |
|
Din No.: |
00055599 |
|
|
|
|
Name : |
Mr. Kirit Natverlal Shah |
|
Designation : |
Director |
|
Address : |
701, |
|
Date of Birth/Age : |
11.11.1949 |
|
Date of Appointment : |
17.07.2008 |
|
Din No.: |
00055824 |
|
|
|
|
Name : |
Mr. Masaki Nakao |
|
Designation : |
Director |
|
Address : |
2-30-16, Higashikaigan, Minami, Chagasaki, Kangawa, Japan |
|
Date of Birth/Age : |
09.04.1955 |
|
Date of Appointment : |
29.06.2012 |
|
DIN No.: |
00399823 |
|
|
|
|
Name : |
Mr. Yasunari Unemura |
|
Designation : |
Director |
|
Address : |
5-2-31-Hingashikaigan, Minami Chigasaki, |
|
Date of Birth/Age : |
12.03.1950 |
|
Date of Appointment : |
06.09.2005 |
|
Din No.: |
00494161 |
|
|
|
|
Name : |
Mr. Lokanathann
Nanjundeshwarachari Kaveripattin |
|
Designation : |
Director |
|
Address : |
B-36 341 Migcolony, Betagaya Ku, |
|
Date of Birth/Age : |
15.12.1952 |
|
Date of Appointment : |
20.06.2011 |
|
Din No.: |
01908421 |
|
|
|
|
Name : |
Mr. Tetsuji Tsure |
|
Designation : |
Director |
|
Address : |
7-1-21-509, Minami Ayoma, Minato-Ku, |
|
Date of Birth/Age : |
16.08.1949 |
|
Date of Appointment : |
20.01.1999 |
|
Din No.: |
02302960 |
|
|
|
|
Name : |
Mr. Takafumi Tsuchiya |
|
Designation : |
Director |
|
Address : |
1044-14,Hamanogo, Chigasaki |
|
Date of Birth/Age : |
30.01.1957 |
|
Date of Appointment : |
29.06.2009 |
|
Din No.: |
02410798 |
|
|
|
|
Name : |
Mr. Gurbax Singh |
|
Designation : |
Director |
|
Address : |
W 302, Sacred Heart, Town Wanowarie, Pune-411040, |
|
Date of Birth/Age : |
10.06.1960 |
|
Date of Appointment : |
11.05.2010 |
|
Din No.: |
02831789 |
|
|
|
|
Name : |
Mr. Atul Bivalkar |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
05.06.1970 |
|
Date of Appointment : |
11.05.2010 |
|
Din No.: |
02831794 |
|
|
|
|
Name : |
Mr. Kazuyoshi Yoshihisa Kojima |
|
Designation : |
Director |
|
Address : |
Grevelia M 804, |
|
Date of Birth/Age : |
21.10.1944 |
|
Date of Appointment : |
11.05.2010 |
|
Din No.: |
02994513 |
|
|
|
|
Name : |
Mr. Kazuo Karube |
|
Designation : |
Director |
|
Address : |
696, Matsubara, ZSetagaya Ku, |
|
Date of Birth/Age : |
30.04.1959 |
|
Date of Appointment : |
20.06.2011 |
|
Din No.: |
03196047 |
KEY EXECUTIVES
|
Name : |
Mr. Bharti Vijay Gangwani |
|
Designation : |
Secretary |
|
Address : |
IRIS A 401, |
|
Date of Birth/Age : |
16.04.1982 |
|
PAN No : |
ANNPM6813D |
|
Date of Appointment : |
16.10.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Eagle Industry Company Limited ( |
|
112813 |
|
Gulati Ashish |
|
1 |
|
Seth Nidhi |
|
1 |
|
Gupta Nirvaankumar |
|
1 |
|
|
|
1 |
|
Garg Saurabh |
|
1 |
|
Sharma Shishir |
|
1 |
|
Burgmann International GMBH ( |
|
112819 |
|
EBI Asia Pte Limited ( |
|
66372 |
|
Total |
|
292010 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.06.2012
|
Category |
|
Percentage |
|
|
|
|
|
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 : |
Manufacture and |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
· Axis Bank
Limited, Corporate Banking Branch at 214/215, City Mall, · UTI Bank, Pune
Branch, · State Bank of
India, Survey No. 143/1A/1A/1, Kanchanjunga Apartment, Pune – 411028,
Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company Chartered Accountants |
|
Address : |
C-401, Fourth Floor, |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Associates : |
|
|
|
|
|
Fellow Subsidaries : |
|
CAPITAL STRUCTURE
As on: 29.06.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1200000 |
Equity Shares |
Rs. 100/- each |
Rs. 120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
292010 |
Equity Shares |
Rs. 100/- each |
Rs. 29.201 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
29.201 |
29.201 |
29.201 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2271.076 |
1756.424 |
1352.164 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2300.277 |
1785.625 |
1381.365 |
|
|
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 |
16.512 |
14.298 |
21.462 |
|
|
|
|
|
|
|
|
TOTAL |
2316.789 |
1799.923 |
1402.827 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
654.304 |
602.665 |
516.078 |
|
|
Capital work-in-progress |
20.339 |
5.638 |
22.131 |
|
|
|
|
|
|
|
|
INVESTMENT |
667.304 |
363.773 |
141.492 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
513.806
|
341.553
|
292.695
|
|
|
Sundry Debtors |
542.268
|
512.203
|
492.511
|
|
|
Cash & Bank Balances |
165.390
|
189.632
|
95.054
|
|
|
Other Current Assets |
30.176
|
3.556
|
0.000
|
|
|
Loans & Advances |
128.112
|
59.493
|
81.798
|
|
Total
Current Assets |
1379.752
|
1106.437 |
962.058 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
240.845
|
108.219
|
174.232
|
|
|
Other Current Liabilities |
110.001
|
108.250
|
24.763
|
|
|
Provisions |
54.064
|
62.121
|
39.937
|
|
Total
Current Liabilities |
404.910
|
278.590 |
238.932 |
|
|
Net Current Assets |
974.842
|
827.847
|
723.126
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2316.789 |
1799.923 |
1402.827 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
1775.539 |
|
|
|
Other Income |
|
|
64.912 |
|
|
|
TOTAL (A) |
2687.420 |
2160.570 |
1840.451 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
|
|
688.152 |
|
|
|
Decrease / (increase) in Inventories |
|
|
1.778 |
|
|
|
Personnel Expenses |
|
|
299.859 |
|
|
|
Operating and Other Expenses |
|
|
320.398 |
|
|
|
TOTAL (B) |
1849.340 |
1521.770 |
1310.187 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
838.080 |
638.800 |
530.264 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.270 |
6.000 |
8.621 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
830.810 |
632.800 |
521.643 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
58.640 |
51.210 |
42.365 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
772.170 |
581.590 |
479.278 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
257.520 |
177.330 |
159.036 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
514.650 |
404.260 |
320.242 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1454.110 |
1049.850 |
1036.842 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
1968.760 |
1454.110 |
1349.821 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1968.760 |
1454.110 |
1049.852 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods on F.O.B. basic |
NA |
119.255 |
121.539 |
|
|
|
Commission Income |
NA |
7.682 |
17.676 |
|
|
TOTAL EARNINGS |
NA |
126.937 |
139.215 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
164.335 |
91.044 |
|
|
|
Stores & Spares |
NA |
1.728 |
65.389 |
|
|
|
Capital Goods |
NA |
20.848 |
11.866 |
|
|
TOTAL IMPORTS |
NA |
186.911 |
168.299 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1762.44 |
1384.40 |
1045.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
19.15
|
18.71 |
17.40 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.00 |
26.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
37.96
|
34.03 |
32.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.33 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.41
|
3.97 |
4.03 |
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three 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 |
Yes |
|
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 |
Yes |
|
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 |
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
NOTE: The registered
office of the company has been shifted from S. No. 212/2 Pune Sholapur,
Rdhadapsar, Pune - 411028, Maharashtra, India to the present address w.e.f.
24.03.2009.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10121137 |
03/09/2012 * |
65,000,000.00 |
Axis Bank Limited |
Corporate Banking Branch at 214/215, City Mall, Ganeshkhind Road, Pune, Maharashtra - 411007, INDIA |
B60348604 |
|
2 |
10079960 |
18/11/2010 * |
60,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (W) |
A99281388 |
FIXED ASSETS
- Office Premise
- Plant and Machinery
- Furniture Fixture and Office Equipments
- Computers and Computer Peripherals
- Vehicles
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. 60.74 |
|
|
1 |
Rs. 92.06 |
|
Euro |
1 |
Rs. 80.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
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.