MIRA
INFORM REPORT
|
Report Date : |
25.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
KUONI TRAVEL ( |
|
|
|
|
Registered Office
: |
8th Floor, Tower A, Urmi Estate, 95, Ganpatrao Kadam Marg,
Lower Parel (West), Mumbai – 400013, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2010 |
|
|
|
|
Date of
Incorporation : |
21.12.1992 |
|
|
|
|
Com. Reg. No.: |
11-070074 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 83.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090mh1992ptc070074 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
mumk16419E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS0170L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Travel Agents |
|
|
|
|
No. of Employees
: |
Not divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3750000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having a satisfactory track
record. The latest financials are not made available. As per previous year’s record
(December), the company is found to be performing better. Financial Position
of the company appears to be sound. Trade relations are reported as fair.
Business is active. Payments are reported to be regular and as per
commitments. 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 (GENERAL DETAILS)
|
Name : |
Mr. Sachin |
|
Designation : |
Administrator |
|
Contact No.: |
91-22-67587985 |
|
Date : |
21.02.2013 |
LOCATIONS
|
Registered Office : |
8th Floor, Tower A, Urmi Estate, 95, Ganpatrao Kadam Marg,
Lower Parel (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66562000 / 67587985 to 88 |
|
Fax No.: |
91-22-66502030/ 66562009/ 66561759 |
|
E-Mail : |
robert.p@robertpavreyassociates.com info@kuonindia.com rupalik@kuoniindia.com |
|
Website : |
|
|
Location : |
Leased |
|
|
|
|
Sales Services Office : |
Urmi Corporate Park, 2nd Floor, Opposite L and T, Gate No.6,
Saki Vihar Road, Powai, Andheri (East), Mumbai-400072, Maharashtra, India |
|
Tel. No.: |
91-22-66562001 |
|
Fax No.: |
91-22-66617500 |
DIRECTORS
As on 30.06.2012
|
Name : |
Mr. Rajiv Duggal |
|
Designation : |
Managing Director |
|
Address : |
M-45, Greater Kailash Part 2, |
|
Date of Birth/Age : |
03.12.1965 |
|
Date of Appointment : |
01.05.2011 |
|
DIN No.: |
03534150 |
|
|
|
|
Name : |
Mr. Zubin Jal Karkaria |
|
Designation : |
Director |
|
Address : |
33 St Thomas Walk, # 10-06, Singapore 238113 |
|
Date of Birth/Age : |
21.05.1968 |
|
Date of Appointment : |
25.04.2005 |
|
DIN No.: |
00397088 |
|
|
|
|
Name : |
Mr. Stefan Roland Leser |
|
Designation : |
Director |
|
Address : |
Schewigwiesstrasse 1C, Feusisberg 8835 |
|
Date of Birth/Age : |
16.02.1967 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
02848523 |
|
|
|
|
Name : |
Mr. Peter Meier |
|
Designation : |
Director |
|
Address : |
Helmweg 22, |
|
Date of Birth/Age : |
20.05.1965 |
|
Date of Appointment : |
01.03.2011 |
|
DIN No.: |
03422012 |
|
|
|
|
Name : |
Mr. Peter Francis Rothwell |
|
Designation : |
Director |
|
Address : |
Oswalds – Gasse 10, |
|
Date of Birth/Age : |
13.09.1959 |
|
Date of Appointment : |
15.04.2010 |
|
DIN No.: |
03019000 |
|
|
|
|
Name : |
Mr. Rolf Edwin Schafroth |
|
Designation : |
Director |
|
Address : |
Sonnhalde 23, |
|
Date of Birth/Age : |
14.06.1965 |
|
Date of Appointment : |
15.04.2010 |
|
DIN No.: |
03018976 |
KEY EXECUTIVES
|
Name : |
Mr. Vikas Lalani |
|
Designation : |
Secretary |
|
Address : |
B-701, Pratap House, Shivaji Nagar, Shivaji Nagar,
Vakola, Santacruz (East), Mumbai-400055, Maharashtra, India |
|
Date of Birth/Age : |
17.04.1988 |
|
Date of Appointment : |
01.02.2012 |
|
Pan No.: |
ADLPL5533B |
|
|
|
|
Name : |
Mr. Sachin |
|
Designation : |
Administrator |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kuonk Asian Investments (Mauritius) Limited, Mauritius |
|
8306580 |
|
Kuoni Travel Holding Limited, Switzerland |
|
43420 |
|
TOTAL |
|
8350000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.06.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Travel agents |
|
|
|
|
Products : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Cheque |
|
|
|
|
Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
|
Customers : |
Individuals |
|
|
|
|
No. of Employees : |
Not divulged |
|
|
|
|
Bankers : |
Tel. No.: 91-22-66584600
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountant |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N.M. Joshi
Marg, Mahalakshmi, Mumbai-400011, Maharashtra, India |
|
Tel. No.: |
91-22-39896000 |
|
Fax No.: |
91-22-39836000 |
|
PAN.: |
AAAFB9825F |
|
|
|
|
Holding Company: |
Kuoni Asian Investments ( |
|
|
|
|
Subsidiaries: |
·
Sita Beach Resorts Private Limited U55101MH2001PTC131692 ·
Sita Destjnation Management Private Limited U63040MH2001PTC131695 ·
Sita Holidays Resorts Private Limited U5510MH2001PTC131696 ·
Sita Holidays ( U55109MH2001PTC131690 ·
Sita Travels Private Limited U63040MH2001PTC131691 ·
Sita Incoming ( U5510MH2001PTC131694 ·
Sita Travels and Tours Private Limited U63040MH2001PTC131693 ·
Distant Frontiers Tour Private Limited U74899DL1994PTC058368 ·
Kuoni South Asia and ·
Kat Management Consulting ( ·
Sita World Travel ( ·
Sita World Travel Lanka (Private) Limited ·
Kuoni Travel Services – U.A.E (LLC) ·
Kuoni Incoming Services, LLC |
CAPITAL STRUCTURE
As on 31.12.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs.150.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8350000 |
Equity Shares |
Rs. 10/-
each |
Rs.83.500
millions |
|
|
|
|
|
Notes:
Of the above
1)
335000 (previous year 335000)
equity shares of Rs. 10 each were allotted as fully paid up bonus shares by
capitalization of general reserve
2)
4959900 (previous
year 4959900) equity shares of Rs. 10
each were issued to Kauni Asian Investment (Mauritius) Limited and 50100 (previous
year 50100) equity share of Rs. 10 each were issued to Kauni Travel Holding
Company Limited pursuant to the scheme of amalgamation of SITA world Travel
India Limited with the company in the year 2000.
3)
8306580 (previous year
8306580) equity shares of Rs. 10 are held by Kuoni Asian Investments (
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
83.500 |
83.500 |
83.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
855.141 |
717.385 |
522.196 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
938.641 |
800.885 |
605.696 |
|
|
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 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
938.641 |
800.885 |
605.696 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
166.062 |
207.393 |
284.945 |
|
|
Capital work-in-progress |
0.789 |
4.778 |
7.008 |
|
|
|
|
|
|
|
|
INVESTMENT |
251.607 |
250.947 |
270.847 |
|
|
DEFERREX TAX ASSETS |
79.141 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000
|
|
|
Sundry Debtors |
384.899
|
258.793 |
273.513
|
|
|
Cash & Bank Balances |
869.969
|
699.014 |
540.906
|
|
|
Other Current Assets |
0.004
|
0.001 |
0.003
|
|
|
Loans & Advances |
1434.481
|
1112.674 |
1244.329
|
|
Total
Current Assets |
2689.353
|
2070.482 |
2058.751 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1714.680
|
1327.196 |
1468.540 |
|
|
Other Current Liabilities |
516.310
|
388.045 |
530.156 |
|
|
Provisions |
17.321
|
17.474 |
17.159 |
|
Total
Current Liabilities |
2248.311
|
1732.715 |
2015.855 |
|
|
Net Current Assets |
441.042
|
337.767 |
42.896
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.00 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
938.641 |
800.885 |
605.696 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Services |
1370.570 |
1348.590 |
1517.740 |
|
|
|
Other Income |
198.470 |
262.110 |
201.200 |
|
|
|
TOTAL |
1569.040 |
1610.700 |
1718.940 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
1442.930 |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1442.930 |
1394.040 |
1881.470 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
126.110 |
216.660 |
(162.530) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(11.640) |
21.470 |
55.780 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
137.750 |
195.190 |
(218.310) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
493.820 |
298.630 |
516.940 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
631.570 |
493.820 |
298.630 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales and Services |
3351.612 |
2073.734 |
2807.523 |
|
|
|
Support Service Income |
77.634 |
69.404 |
54.945 |
|
|
|
Other Earnings |
23.627 |
19.783 |
8.035 |
|
|
TOTAL EARNINGS |
3452.873 |
2162.921 |
2870.503 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.50 |
23.38 |
(26.15) |
|
%20PRIVATE%20LIMITED%20-%20211656%2025-Feb-2013_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20211656%2025-Feb-2013_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
PAT / Total Income |
(%) |
8.78
|
12.12 |
[12.70]
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.20
|
16.07 |
[10.71]
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.42
|
9.51 |
[6.93]
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.27 |
[0.27]
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20
|
1.19 |
1.02
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Debtors |
384.899
|
258.793 |
273.513
|
|
|
|
|
|
|
Total |
384.899
|
258.793 |
273.513
|
|
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) |
Yes |
|
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 |
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 |
NOTE
The registered office of the company has been shifted from Colaba,
Mumbai-400001, Maharashtra, India to the present address w.e.f. 15.02.2011
REVIEW OF BUSINESS OPERATIONS
The turnover of the Company has increased in 2010 from Rs.
1348.590 million (previous year) to Rs. 1370.570 million (current
year) whereas Other Income got decreased from Rs. 262.110 million
(previous year) to Rs. 198.470 million (current year).
AWARDS AND RECOGNITIONS
Kuoni
Kuoni
Kuoni Travel Group,
Kuoni
Kuoni
FUTURE PROSPECTS
The year 2010
continues to show an overall positive growth in both Inbound and Outbound
Travel and the travel and tourism industry in
CONTINGENT LIABILITY
|
Particulars |
31.12.2010 |
31.12.2009 |
|
Claims against the company acknowledge as debts (The claims are made by the customer which are disputed by the
company) |
25.582 |
17.017 |
|
Taxes that may arise in respect of which the company, the income tax
department as in appeal (in respect of some earlier year appeal covering the
same issues have been decided in favour of the company by the appellate
authorities) |
277.439 |
277.439 |
|
Total |
334.342 |
325.7769 |
FIXED ASSETS:
·
Goodwill
·
Non Computer Fees
·
Computer Software
·
Freehold Equipments
·
Furniture and Fixtures
·
Office Equipments
·
Computer
·
Vehicles
AS PER WEBSITE
PRESS RELEASE
RAJEEV G. WAGLE APPOINTED
AS THE NEW MANAGING DIRECTOR AT KUONI INDIA
AUGUST 6, 2012
Kuoni
India has announced the appointment of Rajeev G. Wagle as the new Managing
Director with immediate effect. He succeeds Rajiv Duggal who has decided to
take a sabbatical for personal reasons.
Rajeev
joins Kuoni India from UTV Software Communications Limited where he was
responsible as Group CFO. Rajeev was associated with Kuoni India from 2000 till
2008 as CFO. In his new role as Managing Director at Kuoni India, he would be
responsible for steering the company to greater heights. He brings in a
profound experience in finance and vast knowledge of the tourism business.
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.54.43 |
|
|
1 |
Rs.83.20 |
|
Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
TOTAL |
|
46 |
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.