MIRA
INFORM REPORT
|
Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP ELEVATOR ( |
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Formerly Known
As : |
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Registered
Office : |
Plot No. 429, Functional Industrial Estate, Patparganj, Delhi-110092 |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
01.02.1999 |
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Com. Reg. No.: |
55-098162 |
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Capital
Investment / Paid-up Capital : |
Rs. 881.620 Millions |
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CIN No.: [Company Identification
No.] |
U24239DL1999PTC098162 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Installation and Maintenance of
Elevators and Escalators |
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No. of Employees
: |
2000 (Approximately) (All over India) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3100000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of ThyssenKrupp Elevator AG. It is an
established company having satisfactory track record. The latest financials of the company are not available. Mr. Prasanto
Mukherjee, Deputy Manager in Finance has provided all information to us but
the financials are not verified. The company has achieved an increase in its
sales turnover 2011. There appears some dip in the profitability. Accumulated losses recorded by the company appear to be declining. Trade relations are reported as decent. Business is active. Payments
are reported to be usually correct. In view of strong holding, the company can be considered normal 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.
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.
INFORMATION PARTED BY
|
Name : |
Mr. Prasanto Mukherjee |
|
Designation : |
Deputy Manager in Finance |
|
Contact No.: |
91-11-41770228 |
|
Date : |
18.02.2013 |
LOCATIONS
|
Registered Office : |
Plot No. 429, Functional Industrial Estate, Patparganj, Delhi-110092,
India |
|
Tel. No.: |
91-11-41770200 / 41770228 |
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Fax No.: |
91-11-41770300 |
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E-Mail : |
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Head Office : |
Vardhan House, A-4, St No.3, MIDC, Andheri (East), Mumbai-400093,
Maharashtra, India |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Vyomesh Tansukhlal Rajani |
|
Designation : |
Managing Director |
|
Address : |
18/61, Silver Sand Apartments Oshiwara, Jogeshwari (West),
Mumbai-400102, Maharashtra, India |
|
Date of Birth/Age : |
22.04.1958 |
|
Date of Appointment : |
18.11.2008 |
|
PAN No.: |
AAAPR8062P |
|
DIN No.: |
02012564 |
|
|
|
|
Name : |
Mr. Heinrich Dickens |
|
Designation : |
Director |
|
Address : |
Flat No.501, 502, Karma 15, Road, Khar (West), Mumbai-411001,
Maharashtra, India |
|
Date of Birth/Age : |
06.10.1953 |
|
Date of Appointment : |
01.09.2010 |
|
DIN No.: |
03287381 |
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|
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Name : |
Mr. Dara Nadirshaw Damania |
|
Designation : |
Director |
|
Address : |
11-Abbas Road, 11G.G., Thakar Road, Pune-411001, Maharashtra, India |
|
Date of Birth/Age : |
02.12.1936 |
|
Date of Appointment : |
21.05.2007 |
|
DIN No.: |
00403834 |
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|
Name : |
Mr. Peter James Walker |
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Designation : |
Director |
|
Address : |
House No.1, Stanley Court, 9, Stanley Mount Road, Stanley, Hong Kong |
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Date of Birth/Age : |
09.11.1962 |
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Date of Appointment : |
25.05.2005 |
|
DIN No.: |
00784360 |
KEY EXECUTIVES
|
Name : |
Ms. Garima Agarwal |
|
Designation : |
Secretary |
|
Address : |
A-11, Gaurav Apartments, IP Extension, Delhi-110092, India |
|
Date of Birth/Age : |
19.09.1983 |
|
Date of Appointment : |
30.05.2008 |
|
PAN No.: |
AFNPA1038E |
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|
Name : |
Mr. Prasanto Mukherjee |
|
Designation : |
Deputy Manager in Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Equity Shareholders |
No. of Shares |
|
Thyssenkrupp Elevator AG, Germany |
72211999 |
|
Eleg Europasche Lift and Escalator Gmbh, Deutschland |
1 |
|
TOTAL
|
72212000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Thyssenkrupp Elevator AG, Germany |
15950000 |
|
TOTAL
|
15950000 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
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TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Installation and Maintenance of
Elevators and Escalators |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Suppliers: |
·
Hemji Enterprises |
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Customers : |
End Users ·
DLF Limited |
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No. of Employees : |
2000 (Approximately) (All over India) |
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Bankers : |
City Bank, Connaught Place, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B S R and Associates Chartered Accountants |
|
Address : |
Building No.18, 8th Floor Tower B, DLF Cyber City, Phase
II, Gurgaon, Haryana, India |
|
PAN No.: |
AADFB6889R |
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Holding Company : |
·
ThyssenKrupp Elevator AG |
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Ultimate Holding Company : |
·
ThyssenKrupp AG, Germany |
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Subsidiaries : |
·
ThyssenKrupp Elevator (BD) Private Limited,
Bangladesh |
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|
Fellow Subsidiaries : |
·
Thyssen Elevators Company Limited ·
ThyssenKrupp USA, Inc. ·
ThyssenKrupp Aufzugswerke GMBH ·
ThyssenKrupp Elevator (HK) Limited ·
ThyssenKrupp Elevator (Korea) Limited ·
ThyssenKrupp Elevators (Shanghai) Company Limited ·
ThyssenKrupp Elevator Asia Pacific Limited ·
ThyssenKrupp Elevator Australia Pty Limited ·
ThyssenKrupp Elevator Manufacturing Spain S.L ·
ThyssenKrupp Escalator Company (China) Limited ·
ThyssenKrupp Printmedia GMBH ·
ThyssenKrupp Industries India Private Limited ·
Uhde India Private Limited ·
ThyssenKrupp Airport Systems |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
77003600 |
Equity Shares |
Rs.10/- each |
Rs. 770.036 Millions |
|
15950000 |
1% Redeemable Preference Shares |
Rs.10/- each |
Rs. 159.500 Millions |
|
|
TOTAL |
|
Rs. 929.536
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
72212000 |
Equity Shares |
Rs.10/- each |
Rs. 722.120 Millions |
|
15950000 |
1% Redeemable Preference Shares |
Rs.10/- each |
Rs. 159.500 Millions |
|
|
TOTAL |
|
Rs. 881.620
Millions |
AS ON 28.09.2012
Authorised Capital : Rs. 1529.536
Millions
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
72212000 |
Equity Shares |
Rs.10/- each |
Rs. 722.120 Millions |
|
15950000 |
1% Redeemable Preference Shares |
Rs.10/- each |
Rs. 159.500 Millions |
|
|
TOTAL |
|
Rs. 881.620
Millions |
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 |
881.620 |
881.620 |
881.620 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(99.165) |
(167.086) |
(280.199) |
|
|
NETWORTH |
782.455 |
714.534 |
601.421 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
30.000 |
108.447 |
|
|
TOTAL BORROWING |
0.000 |
30.000 |
108.447 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
782.455 |
744.534 |
709.868 |
|
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|
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APPLICATION OF FUNDS |
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|
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|
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|
FIXED ASSETS [Net Block] |
259.386 |
245.574 |
227.629 |
|
|
Capital work-in-progress |
10.313 |
1.168 |
0.050 |
|
|
|
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|
|
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|
INVESTMENT |
5.652 |
2.413 |
2.413 |
|
|
DEFERREX TAX ASSETS |
122.921 |
85.188 |
0.000 |
|
|
|
|
|
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|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
418.276
|
270.483 |
254.819 |
|
|
Sundry Debtors |
819.343
|
707.921 |
547.134 |
|
|
Cash & Bank Balances |
107.179
|
165.186 |
229.300 |
|
|
Other Current Assets |
162.115
|
161.292 |
160.002 |
|
|
Loans & Advances |
266.446
|
204.225 |
190.531 |
|
Total
Current Assets |
1773.359
|
1509.107 |
1381.786 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
377.322
|
250.776 |
261.889 |
|
|
Other Current Liabilities |
907.641
|
780.401 |
581.595 |
|
|
Provisions |
104.213
|
67.739 |
58.526 |
|
Total
Current Liabilities |
1389.176
|
1098.916 |
902.010 |
|
|
Net Current Assets |
384.183
|
410.191 |
479.776 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
782.455 |
744.534 |
709.868 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2601.227 |
2002.133 |
1835.542 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
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|
Administrative Expenses |
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|
Advertising Expenses |
|
|
|
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TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
196.725 |
135.369 |
113.566 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
52.505 |
53.282 |
53.284 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
144.220 |
82.087 |
60.282 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
76.300 |
(31.026) |
3.451 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
67.920 |
113.113 |
56.831 |
|
|
|
|
|
|
|
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|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
NA |
23.970 |
12.320 |
|
|
TOTAL EARNINGS |
NA |
23.970 |
12.320 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components & Spares Parts |
NA |
378.905 |
229.005 |
|
|
TOTAL IMPORTS |
NA |
378.905 |
229.005 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.94 |
1.57 |
-- |
|
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%20PRIVATE%20LIMITED%20-%20211332%2020-Feb-2013_files/image002.gif){kind=small}
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|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
3500.000 |
|
|
|
|
|
Expected Sales (2012-2013) : Rs. 5000.000 Millions
The above information has been parted by Mr. Prasanto Mukherjee.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
5.54
|
4.10 |
3.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.69
|
4.46 |
3.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.11 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.04 |
0.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.37 |
1.53 |
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 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
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 |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
Creditors due small micro enterprises |
0.000 |
0.000 |
0.000 |
|
Creditors due others |
377.322
|
250.776 |
261.889 |
|
|
|
|
|
|
TOTAL |
377.322
|
250.776 |
261.889 |
NOTE
Registered office has been shifted from Plot No.330, Functional Industrial
Estae, Patparganj, Delhi-110092, India to the present address w.e.f.
21.12.2009.
OPERATIONS PERFORMANCE
Their Company has
achieved an impressive turnover of Rs. 2601.227 Millions as compared to Rs.
2002.133 Millions in previous year 2009-10, thereby registering a growth of
30%. The company hopes to achieve the same growth in the coming year also. The
profit before depreciation is Rs. 196.725 Millions.
OUTLOOK FOR THE CURRENT YEAR
The outlook for
the current year looks promising. The Company hopes to achieve considerable
growth in its business during the current year. The Company is also expanding
its operations in neighboring countries like Srilanka, Bhutan, Nepal and
Bangladesh.
TRADE REFERENCES
· Hemji Enterprises
· DLF Limited
FIXED ASSETS
·
Freehold Land
·
Building
·
Leasehold Improvement
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Computers
·
Goodwill
NEWS
PRESS REALEASE
MEGA PROJECT: THYSSENKRUPP ELEVATOR TEAMS UP WITH
THE MTR CORPORATION FOR THE WORLD’S LARGEST UNDERGROUND RAIL TERMINUS
Hong
Kong to get Express Rail Link to the National High-speed Rail Network in
Mainland China
ThyssenKrupp Elevator has been awarded a contract by the MTR Corporation to supply equipment for the West Kowloon Terminus project in Hong Kong (China). ThyssenKrupp will supply a total of 73 escalators and 8 moving walks. With a total area of over 380,000 square meters, the gigantic rail terminus, the majority of it located underground, will be larger than most airport terminals. Its capacity, too, will be exceptional – the terminus will be capable of handling around 99,000 passengers per day. The first trains are expected to run from 2015. The Hong Kong section of the Express Rail Link operating at up to 200km/hour will connect Hong Kong with the capital Beijing over 2,000 kilometers away, passing via Shenzhen, Guangzhou and Wuhan.
To provide daylight to the multi-storey terminus
with its duty-free shops, restaurants and waiting lounges, architect Andrew
Bromberg of Aedas chose a special design: the walkable glass and steel roof
structure spans the building below like a futuristic helmet. The design was a
winner in the 2010 World Architecture Festival and also won a 2012 MIPIM Award,
one of the most prestigious international property awards.
The 81 escalators and
moving walks from ThyssenKrupp Elevator will smoothly and efficiently transport
travelers and visitors throughout the new multi-level terminus and to the
station’s 15 platforms. All installations will feature an eco-friendly energy
saving system that reduces the speed whenever there are no passengers.
Depending on passenger volumes this can create energy savings of up to 60%.
For ThyssenKrupp Elevator
this latest order represents a further success in connection with the expansion
of the Chinese rail network. At the end of 2010 the company won its biggest
ever contract to supply passenger transportation systems for train stations in
China: a total of 234 elevators and 637 escalators will be installed at 96
stations in cities including Beijing, Shanghai, Guangzhou and Shenzhen.
The Elevator Technology
business area brings together the ThyssenKrupp Group's global activities in
passenger transportation systems. With more than 46,000 employees, sales of 5.3
billion Euros in fiscal 2010/2011 and customers in 150 countries, ThyssenKrupp
Elevator is one of the world's leading elevator companies. The company's
portfolio includes passenger and freight elevators, escalators and moving
walks, passenger boarding bridges, stair and platform lifts as well as tailored
service solutions for all products. 900 locations around the world provide an
extensive sales and service network to guarantee closeness to customers.
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. 54.28 |
|
|
1 |
Rs. 84.09 |
|
Euro |
1 |
Rs. 72.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
TOTAL |
|
44 |
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.