MIRA
INFORM REPORT
|
Report Date : |
03.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
TESTO |
|
|
|
|
Registered
Office : |
Plot No.23, Sind Society, Near Mate House, Baner Road, Aundh,
Pune–411007, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.06.2006 |
|
|
|
|
Com. Reg. No.: |
11-129706 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33130PN2006PTC129706 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNET06500E MUMT13169C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT4593L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The subject is engaged in
Trading and servicing of Hi-Tech electronic portable and online measuring
equipments and instruments |
|
|
|
|
No. of Employees
: |
50 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 43000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appears some accumulated losses recorded by the company. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 : |
Ms. Deepali |
|
Designation : |
Market Communication Executive |
|
Contact No.: |
91-20-65600203 |
|
Date : |
27.06.2013 |
LOCATIONS
|
Registered Office/Factory : |
Plot No.23, Sind Society, Near Mate House, Baner Road, Aundh, Pune –
400022, Maharashtra, India |
|
Tel. No.: |
91-20-65600203 |
|
Fax No.: |
91-20-25850080 / 24082793 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 16.05.2012
|
Name : |
Mr. Kalidas Murlidhar Bhangare |
|
Designation : |
Managing Director |
|
Address : |
FL No.1, Shivalay Housing Society, Neha Apartments, |
|
Date of Birth/Age : |
01.06.1967 |
|
Date of Appointment : |
14.06.2006 |
|
DIN No.: |
01133068 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U33130PN2006PTC129706 |
TESTO
INDIA PRIVATE LIMITED |
Managing
director |
01-07-10 |
14-06-06 |
Active |
NO |
|
Name : |
Mr. Stefan Joseph Denzler |
|
Designation : |
Director |
|
Address : |
FL No.9, Marigold – C, Kalyan Nagar, Pune – 411021, |
|
Date of Birth/Age : |
26.05.1970 |
|
Date of Appointment : |
01.03.2008 |
|
DIN No.: |
02070250 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U33130PN2006PTC129706 |
TESTO
INDIA PRIVATE LIMITED |
Director |
30-06-10 |
01-03-08 |
Active |
NO |
|
Name : |
Mr. Martin Winkle |
|
Designation : |
Director |
|
Address : |
Rudenbergerstr 48, Titisee, |
|
Date of Birth/Age : |
03.09.1968 |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
02172278 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U33130PN2006PTC129706 |
TESTO
INDIA PRIVATE LIMITED |
Director |
30-09-09 |
31-03-09 |
Active |
NO |
|
Name : |
Mr. Burkart Knospe |
|
Designation : |
Director |
|
Address : |
Spitzhalde 1, |
|
Date of Birth/Age : |
19.09.1961 |
|
Date of Appointment : |
14.06.2006 |
|
DIN No.: |
02652603 |
KEY EXECUTIVES
|
Name : |
Ms. Deepali |
|
Designation : |
Market Communication Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 16.05.2012
|
Names of Shareholders |
No. of Shares |
|
Testo Holding GmbH, Lenzkirch |
1499998 |
|
Knospe G. Burkartpaul franz JW Testo Holding
GmbH, Baden Wuerttemberg |
1 |
|
Testo Holding GmbH, Lenzkirch JW Stefan
Denzler |
1 |
|
TOTAL
|
1500000 |
AS ON 16.05.2012
|
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 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is engaged in Trading and servicing of Hi-Tech
electronic portable and online measuring equipments and instruments |
|
|
|
|
Imports : |
|
|
Products : |
Measuring Instruments |
|
Countries : |
·
Germany |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s |
|
|
|
|
No. of Employees : |
50 [Approximately] |
|
|
|
|
Bankers : |
·
ICICI Bank, Pune-411007, Maharashtra, India ·
State Bank of India, Wazirpur, Industrial Estate,
New Delhi-110052, India |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gramopadhye and Associates Chartered Accountant |
|
Address : |
9, Matru-Krupa Apartments, 2/14, Erandwane, Off
|
|
Tel. No.: |
91-20-25535792 |
|
Mobile No.: |
91-9881257930 |
|
Email : |
|
|
PAN No.: |
ABMPG3586A |
|
|
|
|
Holding Company : |
Testo Holding GmbH, Lenzkirch |
|
|
|
|
Related Parties : |
·
Testo AG ·
Testo Industrial Services GMBH |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
15.000 |
15.000 |
|
(b) Reserves & Surplus |
|
(4.197) |
(1.829) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
10.803 |
13.171 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.401 |
0.401 |
|
(d) long-term provisions |
|
2.022 |
1.240 |
|
Total Non-current Liabilities (3) |
|
2.423 |
1.641 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
1.332 |
0.000 |
|
(b) Trade payables |
|
33.055 |
20.432 |
|
(c) Other current liabilities |
|
12.650 |
8.541 |
|
(d) Short-term provisions |
|
1.007 |
2.111 |
|
Total Current Liabilities (4) |
|
48.044 |
31.084 |
|
|
|
|
|
|
TOTAL |
|
61.270 |
45.896 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
5.445 |
7.340 |
|
(ii) Intangible Assets |
|
0.240 |
0.715 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
1.124 |
0.774 |
|
(d) Long-term Loan and Advances |
|
8.315 |
4.533 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
15.124 |
13.362 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
15.772 |
11.418 |
|
(c) Trade receivables |
|
24.765 |
15.193 |
|
(d) Cash and cash
equivalents |
|
3.479 |
4.625 |
|
(e) Short-term loans
and advances |
|
1.963 |
1.194 |
|
(f) Other current
assets |
|
0.167 |
0.104 |
|
Total Current Assets |
|
46.146 |
32.534 |
|
|
|
|
|
|
TOTAL |
|
61.270 |
45.896 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
15.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(8.446) |
|
|
NETWORTH |
|
|
6.554 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1.004 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
1.004 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7.558 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
5.159 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
2.138 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
7.931
|
|
|
Sundry Debtors |
|
|
11.873
|
|
|
Cash & Bank Balances |
|
|
1.649
|
|
|
Other Current Assets |
|
|
4.126
|
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
25.579 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.991
|
|
|
Other Current Liabilities |
|
|
24.251
|
|
|
Provisions |
|
|
0.160
|
|
Total
Current Liabilities |
|
|
25.402 |
|
|
Net Current Assets |
|
|
0.177
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.084 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7.558 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
151.793 |
131.187 |
75.192 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
147.935 |
119.145 |
71.170 |
|
|
|
|
|
|
|
|
Less |
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
3.858 |
12.042 |
4.022 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
(0.747) |
(1.019) |
1.695 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.605 |
13.061 |
2.327 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.195 |
2.470 |
2.105 |
|
|
|
|
|
|
|
|
|
Less |
PROVISION FOR
RESERVE FOR DOUBTFUL DEBTS |
2.890 |
0.332 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
PROVISION FOR
REVALUATION OF STOCK |
0.230 |
0.127 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(1.710) |
10.132 |
0.222 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.657 |
3.517 |
0.784 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(2.367) |
6.615 |
(0.562) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(1.831) |
(8.446) |
(7.884) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(4.198) |
(1.831) |
(8.446) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
3.992 |
2.902 |
2.324 |
|
|
TOTAL EARNINGS |
3.992 |
2.902 |
2.324 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
79.302 |
61.717 |
37.750 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(1.58) |
4.41 |
(0.37) |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
200.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 250.000 Millions
The above information has been parted by Ms. Deepali.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(1.56)
|
5.04 |
[0.75] |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.84)
|
22.45 |
0.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.16)
|
0.77 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12
|
0.00 |
0.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.96
|
1.05 |
1.01 |
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 |
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 |
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Short Term Borrowings |
|
|
|
O/D With Deutsche Bank |
1.332 |
0.000 |
|
|
|
|
|
TOTAL |
1.332 |
0.000 |
NOTE
Registered office address of the company has been shifted from Plot
No.9, Jeevan Vihar Housing Society, Off Senapati Bapat Road, Pune – 411016, Maharashtra,
India to the present address w.e.f 01.01.2010
RESULTS OF
OPERATIONS
The total revenue
including other income of the Company has been increased from Rs. 131.187
Millions to Rs. 151.792 Millions. The Company had incurred loss after tax of
Rs. 2.367 Millions as compared to profit after tax of Rs. 6.615 Millions in the
last year. During the year Company has incurred losses due to provisions
related to reserve for doubtful debts and revaluation of inventory. The Company
also had impact of exchange rate fluctuations. The company is also trying to
reduce cost of operation and margins will be maintained. Necessary planning,
market research and other activities such as investment in infrastructure,
additional manpower, etc is taken care by the acting directors. The company is
also having development plans and it expects to achieve better results in
future.
FIXED ASSETS
·
Plant and Machinery
·
Furniture and Fixtures
·
Computer
·
Office Equipments
·
Vehicles
·
Software
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. 59.41 |
|
|
1 |
Rs. 90.38 |
|
Euro |
1 |
Rs. 77.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.