|
Report Date : |
31.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
Carl Zeiss India (Bangalore) Private Limited |
|
|
|
|
Registered
Office : |
Plot No.3, Jigani Link Road, Bommasandra Industrial Area, Bangalore –
560099, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
26.03.2009 |
|
|
|
|
Com. Reg. No.: |
08-049465 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.20.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33125KA2009PTC049465 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRC09103D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCC6152H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Wholesaler of metro-logy instruments, CMM roughness
testers and ophthalmic products etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1800000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Management has failed to file the latest financials as on 2012 with
the government department. As per the available balance sheet of 2011 and profit and loss statement
of 2010. The company was found normal for business dealings. However, trade relations are fair. Business is active. Payment terms
are unknown. In view of non-availability of required information, 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) |
|
|
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 DECLINED
MANAGEMENT NON CO-OPERATIVE.
Contact No.: 91-80-43438000
LOCATIONS
|
Registered Office : |
Plot No.3, Jigani Link Road, Bommasandra Industrial Area, Bangalore –
560099, Karnataka, India |
|
Tel. No.: |
91-80-43438000 |
|
Fax No.: |
91-80-27833010 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Ramesh Babu Anukkavoor Nagaswamy |
|
Designation : |
Whole Time Director |
|
Address : |
Aishwarya 1123/1, 7th Cross, 3rd Main Girinagar
2nd Phase, Bangalore – 560085, Karnataka, India |
|
Date of Birth/Age : |
01.02.1961 |
|
Qualification : |
B.Com, FCS, Graduate CWA |
|
Date of Appointment : |
26.03.2009 |
|
DIN No.: |
01572887 |
|
|
|
|
Name : |
Mr. Wilson Thomas |
|
Designation : |
Whole Time Director |
|
Address : |
L-10, Purva Pavilion Apartment 170 Kempapura Hebbal, Bangalore -
560024, Karnataka, India |
|
Date of Birth/Age : |
13.11.1965 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
26.03.2009 |
|
DIN No.: |
02489878 |
|
|
|
|
Name : |
Mr. Venkatachelam Raman |
|
Designation : |
Director |
|
Address : |
37 Lorong N Telok Kurau Road, Singapore – 425161 |
|
Date of Birth/Age : |
14.07.1964 |
|
Date of Appointment : |
20.09.2010 |
|
DIN No.: |
02706961 |
|
|
|
|
Name : |
Mr. Michael Frank Kaschke |
|
Designation : |
Director |
|
Address : |
Wiesenweg 20, Oberkochen, Germany - 73447 |
|
Date of Birth/Age : |
18.06.1957 |
|
Date of Appointment : |
29.12.2010 |
|
DIN No.: |
02729011 |
|
|
|
|
Name : |
Mr. Ulrich Hermann Krauss |
|
Designation : |
Director |
|
Address : |
Weimar Ot Taubach Am Weinberg Germany |
|
Date of Birth/Age : |
17.01.1964 |
|
Date of Appointment : |
29.09.2010 |
|
DIN No.: |
02763140 |
MAJOR SHAREHOLDERS
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Anukkavoor Nagaswamy Ramesh Babu |
|
1 |
|
Carl Zeiss Ag, Germany |
|
3683941 |
|
|
|
|
|
Total |
|
3683942 |
AS ON 30.09.2011
|
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 : |
Wholesaler of metro-logy instruments, CMM roughness
testers and ophthalmic products etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountant |
|
Address : |
Maruthi Info-Tech Center, 11-12/1, Inner Ring Road, Koramangala,
Bangalore – 560071, Karnataka, India |
|
Tel. No.: |
91-80-39806000 |
|
Fax No.: |
91-80-39806999 |
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Holding
Company: (AS
ON 31.03.2010) |
·
Carl
Zeiss A.G. Germany |
|
|
|
|
Ultimate
Holding Company: (AS
ON 31.03.2010) |
·
Carl
Zeiss Stiftung, Germany |
|
|
|
|
Other
related parties in the Carl Zeiss group: (AS ON 31.03.2010) |
·
Carl
Zeiss Singapore Pte Limited, Singapore ·
Carl
Zeiss Meditec, Dublin ·
Carl
Zeiss IMT Corporation. Minneapolis ·
Carl
Zeiss IMT Corporation, Oberkochen ·
Carl
Zeiss 3D Automation ·
Carl
Zeiss Meditec, Jena ·
Carl
Zeiss Surgical Gmbh, Germany ·
Carl
Zeiss Microimaging Gmbh, Germany ·
Carl
Zeiss Sports Optics Gmbh, Germany ·
Carl
Zeiss Meditec SAS, France ·
Carl
Zeiss SMT, UK ·
Carl
Zeiss NTS, Oberkochen ·
Carl
Zeiss 3D Metrology, Allan ·
Carl
Zeiss Vision Gmbh ·
Junker
and Partner Gmbh · Carl Zeiss India Pte Limited. Singapore |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3683942 |
Equity Shares |
Rs.10/- each |
Rs.36.839
Millions |
|
|
|
|
|
(AS ON 31.03.2011)
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000
Millions |
|
|
|
|
|
NOTE
Of the above 1,999,999 shares of Rs. 10/- each
are held by Carl Zeiss AG, Germany, the Holding Company
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
20.000 |
20.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
421.775 |
192.629 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
441.775 |
212.629 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
441.775 |
212.629 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
57.333 |
52.232 |
|
|
Capital work-in-progress |
|
0.580 |
6.816 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
48.275 |
38.234 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
130.695
|
98.321 |
|
|
Sundry Debtors |
|
353.574
|
309.913 |
|
|
Cash & Bank Balances |
|
35.534
|
120.711 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
117.396
|
91.312 |
|
Total
Current Assets |
|
637.199
|
620.257 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
187.429
|
290.980 |
|
|
Other Current Liabilities |
|
40.633
|
132.066 |
|
|
Provisions |
|
73.550
|
81.864 |
|
Total
Current Liabilities |
|
301.612
|
504.910 |
|
|
Net Current Assets |
|
335.587
|
115.347 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
441.775 |
212.629 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
GROSS TURNOVER |
|
|
1158.055 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
306.582 |
|
|
|
|
|
|
|
|
|
|
TAX |
|
|
113.954 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
192.628 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
|
|
664.898 |
|
|
TOTAL EARNINGS |
|
|
664.898 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
|
|
0.940 |
|
|
|
Capital Goods |
|
|
2.868 |
|
|
TOTAL IMPORTS |
|
|
3.808 |
|
|
|
|
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
NA |
4.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
NA |
1.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.11 |
1.23 |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
one year |
Yes |
|
12] |
Profitability for last
one years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---- |
|
22] |
Litigations that the firm
/ promoter involved in |
---- |
|
23] |
Banking Details |
No |
|
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 |
-------------------------------------------------------------------------------------------------------------------------------------------------------
CASE DETAILS
|
HIGH COURT OF KARNATAKA – PRINCIPAL BENCH
AT BANGALORE CSTA 9/2010 |
|
|
|
|
|
Petitioner/Appnt.
Name |
THE COMMISSIONER OF CUSTOMS |
|
|
|
|
Respondent/Defnt.
Name |
M/S. Carl Zeiss India Private Limited |
|
|
|
|
Petnr./Appnt.
Advocate |
Urval N Ramanand |
|
|
|
|
Respnt./Defnt. Advocate |
Manmohan P N |
|
|
|
|
Date Filed
|
21.10.2010 |
|
|
|
|
District |
Bangalore City |
-------------------------------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
NOTE:
The registered office address of the company
has been shifted from 22, Kensington Road, Ulsoor, Bangalore – 560008,
Karnataka, India to present address w.e.f. 18.06.2012
FIXED ASSETS
·
Leasehold improvements
·
Computer equipment
·
Plant and Machinery
·
Office equipment
·
Furniture and Fixtures
·
Service Tool Kits
NEWS:
CARL ZEISS INDIA
INAUGURATES ITS NEW CAMPUS AND PRODUCTION FACILITY
July 11, 2012
Carl Zeiss India inaugurates its new campus and production facility in Electronic City, Bengaluru, on 11th July’12. Carl Zeiss is a global leader in the Optical and Opto Electronic Industry. Carl Zeiss are active in the fields of Semiconductor Manufacturing Technology, Industrial Metrology, Microscopy, Medical Technology, Vision Care, Consumer Optics / Optronics.
The new campus was inaugurated by the President and CEO of Carl Zeiss Group, Dr. Michael Kaschke. Speaking on this occasion Dr. Kashcke said "Carl Zeiss is a brand trusted by Scientists, Researchers and Doctors, Eye Care Professionals, Photographers and Metrology Specialists. This trust is built over an eventful journey of over 160 years. The new facility at Bengaluru adds greater focus to our pursuit of excellence in all spheres of our operations.
The new Carl Zeiss campus in Bengaluru India is a sign of things to come in the Carl Zeiss Group. Built on an area of 240,000 sq ft in the heart of Bengaluru’s Electronic City, the new Carl Zeiss Head Office for India has 120,000 sq ft of built-up area which will accommodate close to 300 staff, a warehouse and production facilities for Coordinate Measuring Machines from the Industrial Metrology Business Group and Prescription lenses from the Vision Care Business Group. The investment in a modern facility in India, one of the fastest growing and important Rapidly Developing Economies (RDE) of the world, signifies Carl Zeiss' deep commitment to the Indian market.
"Strategic investments such as these are only possible because we have a long-term plan". He further added "overall we are very pleased with the development of our business in India so far and we are confident that we will continue to grow rapidly over the next years. It is important to maintain our high growth in the Indian market in order to sustain continued investments at a rapid pace".
The Indian subsidiary of Carl Zeiss was originally set-up in 1998 with the objective of getting closer to its customers, to take advantage of the high quality talent-pool that India offers and to take advantage of opportunities to globalise value creation at Carl Zeiss. "We have successfully completed the qualifying on all three fronts and now the main race begins" quips Dr. Kaschke.
Mr. V Srinivasan, Managing Director, Carl Zeiss India, said that ZEISS has grown into a powerful brand through unwavering focus on reliability, product quality and customer service. Carl Zeiss is expanding its operations in India to embrace the opportunities and challenges of the Indian market. The new facility, equipped with modern office space and excellent communication and training facilities, will house all of the Group's business units and activities in Bengaluru under one roof, including CARIn (Center for Applications and Research in India) the R&D center of the Medical Technology Business Group of Carl Zeiss. The Industrial Measuring Technology division shall in addition to producing Contura G2 and Spectrum model CMMs, also boasts of a world-class "Tech Center" where our customers can not only see our products but also find solutions for some of their difficult measuring challenges.
The new Carl Zeiss prescription lens manufacturing facility in Bangalore is a “State-of-the-art” laboratory set-up and run to global standards of Carl Zeiss. It is the most modern and largest prescription lens manufacturing facility catering to the domestic Indian market today.
Carl Zeiss in India successfully represents in the fields of Industrial Metrology, Microscopy, Medical Technology, Vision Care, Sports and Cine optics. Founded in 1998 in India, Carl Zeiss in India is headquartered at Bengaluru, with its Sales offices at Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune. In addition to these offices, it has 35 Market Stock Points across India to facilitate its vision care business.
About : Carl Zeiss Group
Head Office : Oberkochen, Germany
Website : www.zeiss.de
The Carl Zeiss Group is an international leader in the fields of optics and opto-electronics. In fiscal year 2010/11 the company's approx. 24,000 employees generated revenue of about 4.237 billion euros. In the markets for Industrial Solutions, Research Solutions, Medical Technology and Consumer Optics, Carl Zeiss has contributed to technological progress all over the world for more than 160 years and enhances the quality of life of many people around the globe.
With its innovative technologies and leading edge solutions, Carl Zeiss is successful in the fields of Semiconductor Manufacturing Technology, Industrial Metrology, Microscopy, Medical Technology, Vision Care and Consumer Optics/ Optronics. Carl Zeiss is represented with around 30 production and over 50 sales and service suites in more than 30 countries worldwide. Carl Zeiss AG is fully owned by the Carl Zeiss Stiftung (Carl Zeiss Foundation). Founded in 1846 in Jena, the company is headquartered in oberkochen, Germany.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is or
was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] 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.59.83 |
|
|
1 |
Rs.91.76 |
|
Euro |
1 |
Rs.79.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
YES |
|
--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 |
|
53 |
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.