1. Summary Information
|
Country |
India |
||
|
Company Name |
DRESSER-RAND INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Vijay Ramesh Phatarphekar |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Gabriel Mircea Popescu |
|
Registration # |
11-117293 |
||
|
Street Address |
Lotus Business Park, 11th Floor, Veera Desai Road, Off
Andheri Link Road, Opposite Fun Republic, Andheri (West), Mumbai – 400053,
Maharashtra |
||
|
Established Date |
01.12.1998 |
SIC Code |
-- |
|
Telephone# |
91-22-67248600 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-67248623 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Gas Compressors |
|
|
# of employees |
300 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
503,978,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings 100% |
Banking |
Citi Bank |
|
Public Limited Corp. |
No |
Business Period |
15 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
New York, United States |
Dresser-Rand Company |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,343,491,000 |
Current Liabilities |
2,109,378,000 |
|
Inventories |
571,310,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
340,232,000 |
Other Liabilities |
139,463,000 |
|
Deferred Assets |
98,248,000 |
Total Liabilities |
2,248,841,000 |
|
Invest& other Assets |
19,482,000 |
Retained Earnings |
1,619,944,000 |
|
|
|
Net Worth |
2,123,922,000 |
|
Total Assets |
4,372,763,000 |
Total Liab. & Equity |
4,372,763,000 |
|
Total Assets (Previous Year) |
3,561,326,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales [Including Other Income] |
4,092,458,000 |
Net Profit |
944,883,000 |
|
Sales (Previous yr) |
5,251,752,000 |
Net Profit
(Prev.yr) |
755,343,000 |
MIRA INFORM REPORT
|
Report Date : |
31.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
DRESSER-RAND INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Lotus Business Park, 11th Floor, Veera Desai Road, Off
Andheri Link Road, Opposite Fun Republic, Andheri (West), Mumbai – 400053,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.12.1998 |
|
|
|
|
Com. Reg. No.: |
11-117293 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 503.978
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29100MH1998PTC117293 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMD06431F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD9897P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Gas Compressors. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 8496000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having a satisfactory track record.
The financial for the year 2012 is not available. As per the previous year’s, the financial strength seems to be strong.
There appear no external borrowings. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitments. The company can be considered for normal 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.
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 DECLINED BY
|
Name : |
Mr. Sandeep |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-67248600 |
|
Date : |
29.07.2013 |
LOCATIONS
|
Registered Office : |
Lotus Business Park, 11th Floor, Veera Desai Road, Off Andheri
Link Road, Opposite Fun Republic, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Tel. No.: |
91-22-67248600 |
|
Fax No.: |
91-22-67248623 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
187, GIDC, Naroda, Ahmedabad – 382330, Gujarat, India |
|
Tel. No.: |
91-79-22800800 |
|
Fax No.: |
91-79-22805566 |
|
Area : |
1500 sq ft |
|
Location : |
Leased |
|
|
|
|
Branch Offices :
|
Located at: v Kolkata v Chennai v |
|
|
|
|
Sales Offices in |
Located at: v Kuala Lumpur v v v Vadodara v Chennai v Kolkata v Ahmedabad v v v v Mumbai v v Shanghai |
DIRECTORS
AS ON 12.09.2012
|
Name : |
Mr. Vijay Ramesh Phatarphekar |
|
Designation : |
Managing Director |
|
Address : |
Flat No.903, Laburnum, Mahindra Gardens, Goregaon (West), Mumbai –
400062, Maharashtra, India |
|
Date of Birth/Age : |
22.06.1955 |
|
Date of Appointment : |
15.11.2007 |
|
DIN No.: |
02138401 |
|
|
|
|
Name : |
Mr. Gabriel Mircea Popescu |
|
Designation : |
Director |
|
Address : |
Kiaramas Sutera Condominium, Unit B 06-03, |
|
Date of Birth/Age : |
14.08.1965 |
|
Date of Appointment : |
19.11.2008 |
|
DIN No.: |
02428230 |
|
|
|
|
Name : |
Mr. Srinath Mukherjee |
|
Designation : |
Additional Director |
|
Address : |
C 402, Amaltas Juhu, Versova Link Road, Andheri (West), Mumbai –
400053, Maharashtra, India |
|
Date of Appointment : |
27.09.2010 |
|
DIN No.: |
03328093 |
|
|
|
|
Name : |
Mr. Girish Garg |
|
Designation : |
Additional Director |
|
Address : |
55, Nishkam Apartments, Plot No.23, Dwarka, Phase I, Mahavir Enclave,
New Delhi – 110045, India |
|
Date of Birth/Age : |
26.11.1968 |
|
Date of Appointment : |
28.01.2012 |
|
DIN No.: |
05253676 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vijay Ramesh Phatarphekar |
|
1 |
|
Dresser Rand Company, New York |
|
50397839 |
|
Vasant Mahableshwar Naik |
|
1 |
|
|
|
|
|
Total |
|
50397841 |
AS ON 12.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Gas Compressors. |
||||
|
|
|
||||
|
Products : |
v Turbo Machinery Products v Reciprocating Products v Coppus Portable Ventilators v Combined Head and Power Solutions v Control System v Commercial Nuclear Products |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Annual Installed
Capacity at the Year End (Nos.) (@) |
Actual
Production for the Year (Nos.) |
|
Process Compressors Complete Machine and Accessories |
183 |
88 |
@ The installed
capacity is annual capacity as certified by the management and is not verified
by the auditors, being a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
300 (Approximately) |
|
|
|
|
Bankers : |
Citi Bank, Branch Fort, Mumbai, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Pricewater House, 252, Veer Savarkar Marg, Shivaji Park, Dadar (West),
Mumbai – 400028, Maharashtra, India |
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Holding Company
: |
Dresser-Rand Company, |
|
|
|
|
Fellow Subsidiaries : |
v Dresser-Rand France S.A. v Dresser-Rand Asia Pacific SDN.BHD. v Dresser-Rand Nadrowski GMBH v Dresser-Rand China v Dresser-Rand Millbury v Dresser-Rand International Sales v Dresser-Rand Indonesia v Dresser-Rand Brazil v Dresser-Rand
v Dresser-Rand Columbia v Dresser-Rand GMBH v Dresser-Rand Malaysia v Dresser-Rand Services - ARROW v
Dresser-Rand Thailand |
CAPITAL STRUCTURE
AS ON 12.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70000000 |
Equity Shares |
Rs.10/- each |
Rs. 700.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50397841 |
Equity Shares |
Rs.10/- each |
Rs. 503.978
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 |
503.978 |
503.978 |
503.978 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1619.944 |
675.061 |
185.039 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2123.922 |
1179.039 |
689.017 |
|
|
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 |
2123.922 |
1179.039 |
689.017 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
340.232 |
275.959 |
292.795 |
|
|
Capital work-in-progress |
19.482 |
1.903 |
0.651 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
98.248 |
94.739 |
69.384 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
571.310
|
654.567
|
850.621 |
|
|
Sundry Debtors |
1126.007
|
1464.363
|
701.690 |
|
|
Cash & Bank Balances |
2033.073
|
877.956
|
1704.412 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
184.411
|
191.839
|
420.529 |
|
Total
Current Assets |
3914.801
|
3188.725
|
3677.252 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
488.737 |
563.397
|
743.727 |
|
|
Other Current Liabilities |
1620.641
|
1637.530
|
1613.710 |
|
|
Provisions |
139.463
|
181.360
|
993.628 |
|
Total
Current Liabilities |
2248.841
|
2382.287
|
3351.065 |
|
|
Net Current Assets |
1665.960
|
806.438
|
326.187 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2123.922 |
1179.039 |
689.017 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
|
Income |
4092.458 |
5251.752 |
3001.650 |
|
|
|
Services Income |
|
|
171.913 |
|
|
|
Other Income |
|
|
94.301 |
|
|
|
TOTAL |
4092.458 |
5251.752 |
3267.864 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing and Other Expenses |
2621.180 |
3994.305 |
2750.882 |
|
|
|
TOTAL |
2621.180 |
3994.305 |
2750.882 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX,
DEPRECIATION AND AMORTISATION |
1471.278 |
1257.447 |
516.982 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
36.904 |
71.958 |
66.597 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1434.374 |
1185.489 |
450.385 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
489.491 |
430.146 |
183.602 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
944.883 |
755.343 |
266.783 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
NA |
19.032 |
604.373 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
NA |
26.678 |
|
|
|
Dividend |
NA |
NA |
705.570 |
|
|
|
Tax on Dividend |
NA |
NA |
119.876 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
19.032 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods (calculated on FOB basis) and services |
1358.546 |
1456.568 |
831.119 |
|
|
|
Other Income |
13.619 |
9.251 |
7.621 |
|
|
TOTAL EARNINGS |
1372.165 |
1465.819 |
838.740 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials, Complete Machine, Accessories and Spare Parts (Includes
imported materials in transit.) |
599.638 |
2137.642 |
1680.899 |
|
|
|
Capital Goods |
34.064 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
599.638 |
2137.642 |
1680.899 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.75 |
14.99 |
5.29 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
23.09 |
14.38
|
8.16 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
15.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
33.71 |
34.22
|
11.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.68 |
1.01
|
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74 |
1.34
|
1.10 |
LOCAL AGENCY FURTHER INFORMATION
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
|
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 |
Yes |
|
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 |
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 |
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 4th
Floor, Paville House, Off Veer Savarkar Marg, Prabha Devi, Mumbai - 400025,
Maharashtra, India to the present address w.e.f. 01.04.2008.
OPERATIONS:
The company was impacted during the year on account of lower sales
during the financial year due to lower backlog of previous year.
FUTURE OUTLOOK:
The Company will
continue to focus on operational excellence. Execution of backlog of orders and
converting the same in Billed Sales coupled with cost improvement would be a
major focus to improve profitability.
CONTINGENT
LIABILITIES NOT PROVIDED FOR IN RESPECT OF: (AS ON 31.03.2011)
(a) Performance Bank guarantees given to Customers – Nil
(b) Central Excise Liability for demands raised – Rs.33.675 millions
(c) Income Tax demands raised for various assessment years – Rs.38.214
millions
FIXED ASSETS:
Intangible Assets
v Goodwill
v Software
Tangible Assets
v Land-Leasehold
v Buildings
v Plant and Machinery
v Electrical Installations
v Furniture, Fixtures and Equipments
v Vehicles
v Small Tools
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] 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. 59.83 |
|
|
1 |
Rs. 91.76 |
|
Euro |
1 |
Rs. 79.33 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
49 |
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.