MIRA
INFORM REPORT
|
Report Date : |
21.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
DHL EXPRESS (INDIA) PRIVATE LIMITED (w.e.f. 08.09.2004) |
|
|
|
|
Formerly Known
As : |
DHL WORLDWIDE EXPRESS ( |
|
|
|
|
Registered
Office : |
8th Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
24.04.2001 |
|
|
|
|
Com. Reg. No.: |
11–131743 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 28.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64120MH2001PTC131743 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD3611O |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject offers express, air and ocean freight, overland
transport, contract logistics solutions as well as international mail
services. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 8300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a Subsidiary of ‘Deutsche Post Beteiligungen Holding Gmbh, Germany’. It is a well established company having a good track
record. Financially company is performing well. Liquidity position is well.
There appears no external borrowing. Trade relations are reported as fair. Buisnes is
active. Payments reported to be regular and as per commitment. 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.
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-COOPERATIVE (Tel. No.: 91-22-30300345)
LOCATIONS
|
Registered Office : |
8th Floor, |
|
Tel. No.: |
91-22-66789000 / 30300345 |
|
Mobile No.: |
91-9833452918 (Mr. Parag Ashar) |
|
Fax No.: |
91-22-66789230 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located at: · Vashi Thane Bendra Kandivali Andheri Prabhadevi Mumbai Kalbadevi Lower Parel Santacruz Borivali Chembur Ghatkopar Bhiwandi Vasai Vile Parle Malad Jogeshwari |
DIRECTORS
As on 19.07.2011
|
Name : |
Mr. Chandrashekhar Bhaskar Pitre |
|
Designation : |
Director |
|
Address : |
A/ 1902, Chaitanya Towers, Appaasaheb Marathe Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
24.05.1968 |
|
Date of Appointment : |
29.09.2009 |
|
PAN No.: |
AGVPP0701C |
|
DIN No.: |
02788230 |
|
|
|
|
Name : |
Mr. Ramachandran Sivarama Subramanian |
|
Designation : |
Director |
|
Address : |
Flat No.502, 5th Floor, RNA Classic, S.V. Road, Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
Date of Appointment : |
16.02.2010 |
|
PAN No.: |
AAZPS3129D |
|
DIN No.: |
02946608 |
|
|
|
|
Name : |
Mrs. Anjali Rahul Bhadhade |
|
Designation : |
Director |
|
Address : |
A-1002, Lotus Heights Co-operative Housing Society Limited, 15th No. Road, Opposite, Gandhi Maidan, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Appointment : |
17.06.2011 |
|
PAN No.: |
ACRPB4711A |
|
DIN No.: |
03553415 |
KEY EXECUTIVES
|
Name : |
Mr. Srinivas Parmeshwaran Iyer |
|
Designation : |
Secretary |
|
Address : |
A-603, Mayuresh Srishti, LBS Road Bhandup (West), Mumbai - 400078, |
|
Date of Appointment : |
01.04.2007 |
|
PAN No. : |
AAAPI3795A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.07.2011
|
Names of Shareholders |
No. of Shares |
|
Deutsche Post Beteiligungen Holding GmbH, Germany |
2863469 |
|
|
1 |
|
TOTAL
|
2863470 |
As on 19.07.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
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 : |
Subject offers express, air and ocean freight, overland
transport, contract logistics solutions as well as international mail
services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
· State Bank of India, Bandra East Branch, Mumbai, Maharashtra, India Deutsche Bank, Bandra Branch, Mumbai, Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
252, Veer Sarvarkar Marg, Shivaji Park, Dadar (West), Mumbai, Maharashtra, India |
|
Pan No.: |
AAAAA0000A |
|
|
|
|
Holding Company : |
Deutsche Post Beteiligungen Holding Gmbh, Germany |
|
|
|
|
Ultimate Holding
Company : |
Deutsche Post AG, Germany |
|
|
|
|
Subsidiary : |
Skyline Air Logistics Limited |
|
|
|
|
Fellow Subsidiaries
: |
· Danzas Messen GmbH Air Express International USA, Inc DHL Express (Poland) Sp. z o.o. DHL Express Germany GmbH DHL Solutions GmbH DHL Danzas Air and Ocean Dubai Regional Office DHL Global Forwarding (Singapore) DHL Lemuir Logistics Private Limited DHL Express Singapore PTE Limited DHL Global Mail (Singapore) Pte Limited DHL Worldwide Express Logistics N.V. Sky Courier, Inc. DHL Express (Nepal) Private Limited DHL Keells (Private) Limited Asia Pacific Information Services DHL International GmbH Blue Dart Express Limited CIN No.: L61074MH1991PLC061074 SSC Human Resources Development Blue Dart Aviation Limited CIN No.: U35303MH1994PLC078691 Williams Lea India Private Limited CIN No.: U72100TN2004PTC062866 DHL International Express (France) SAS DHL Aviation (Hong Kong) Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2863470 |
Equity Shares |
Rs.10/- each |
Rs. 28.600
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 |
|
28.600 |
28.600 |
|
(b) Reserves & Surplus |
|
2056.500 |
1647.600 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(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 |
|
3.100 |
3.600 |
|
(d) long-term provisions |
|
55.800 |
31.900 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
51.100 |
|
(b) Trade payables |
|
1640.400 |
1682.700 |
|
(c) Other current
liabilities |
|
270.800 |
289.200 |
|
(d) Short-term provisions |
|
53.900 |
39.600 |
|
TOTAL |
|
4109.100 |
3774.300 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
204.500 |
185.200 |
|
(ii) Intangible Assets |
|
15.000 |
8.200 |
|
(iii) Capital
work-in-progress |
|
24.200 |
2.800 |
|
(iv) Intangible
assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
4.400 |
4.400 |
|
(c) Deferred tax assets (net) |
|
202.000 |
167.600 |
|
(d) Long-term Loan and Advances |
|
482.400 |
195.500 |
|
(e) Other Non-current assets |
|
50.800 |
47.100 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
1880.000 |
1748.900 |
|
(d) Cash and cash
equivalents |
|
689.100 |
885.600 |
|
(e) Short-term loans and
advances |
|
556.700 |
529.000 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
TOTAL |
|
4109.100 |
3774.300 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
28.635 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1370.144 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1398.779 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
160.581 |
|
|
TOTAL BORROWING |
|
|
160.581 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1559.360 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
253.461 |
|
|
Capital work-in-progress |
|
|
3.525 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
4.420 |
|
|
DEFERREX TAX ASSETS |
|
|
161.423 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
1373.993
|
|
|
Cash & Bank Balances |
|
|
557.539
|
|
|
Other Current Assets |
|
|
1.705
|
|
|
Loans & Advances |
|
|
502.318
|
|
Total
Current Assets |
|
|
2435.555 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1037.719 |
|
|
Other Current Liabilities |
|
|
205.605
|
|
|
Provisions |
|
|
55.700
|
|
Total
Current Liabilities |
|
|
1299.024 |
|
|
Net Current Assets |
|
|
1136.531
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1559.360 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Express and Logistics Services |
|
|
8232.185 |
|
|
|
Other Income |
|
|
208.928 |
|
|
|
TOTAL (A) |
12574.800 |
10464.010 |
8441.113 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Personnel Expenses |
|
|
862.158 |
|
|
|
Operation Expenses |
|
|
6048.679 |
|
|
|
Other Expenses |
|
|
793.348 |
|
|
|
Selling and Advertisement Expenses |
|
|
75.738 |
|
|
|
TOTAL (B) |
11853.900 |
9821.470 |
7779.923 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
720.900 |
642.540 |
661.190 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.900 |
13.141 |
21.152 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
709.000 |
629.399 |
640.038 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
104.500 |
130.479 |
171.903 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
604.500 |
498.920 |
468.135 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
195.600 |
221.482 |
159.519 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
408.900 |
277.438 |
308.616 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1572.829 |
1295.391 |
986.775 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1981.729 |
1572.829 |
1295.391 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sale of Services |
NA |
NA |
100.687 |
|
|
TOTAL EARNINGS |
NA |
NA |
100.687 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
142.80 |
96.89 |
107.78 |
|
%20PRIVATE%20LIMITED%20-%20226060%2021-Jun-2013_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20226060%2021-Jun-2013_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.25
|
2.65
|
3.66 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
5.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.59
|
13.86
|
17.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.30
|
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00
|
0.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.59
|
1.53
|
1.87 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors |
1640.400 |
1682.700 |
1037.719 |
|
|
|
|
|
|
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
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 |
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 |
OPERATIONS
Revenue (excluding other Income) for the financial year was Rs.12574.800 millions. The Company is planning to strengthen its infrastructure by investing in Service Centers, applying for tenders for international courier business from government and private entities, enhancing and revamping fleet capability, entering into agreements with other organizations for provision of international courier services, express Handling Units in major cities as well as remote locations and in IT equipments.
OUTLOOK FOR
THE FUTURE
The Company is well placed in the Indian market, with a trained and committed work force, latest state of the art technology, infrastructure, wide geographical coverage to support growth and development.
The Company plans to enhance capacities within the network by inductions of carriage capacities and increasing retail sales counters over a period, to capitalize on the future growth of the express industry.
The Directors look forward to improved performance over the coming years.
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
|
(a) Claims against the company not acknowledged as debts |
|
|
|
Customer claims* |
3.900 |
2.200 |
|
Service tax# |
127.500 |
126.600 |
|
Income tax# |
134.600 |
126.600 |
|
Industrial Disputes Act@ |
145.000 |
91.700 |
|
Karnataka Stamp Act: |
Not Ascertainable |
Not Ascertainable |
|
(b) Bank Gurantee |
3.600 |
2.600 |
|
Arbitral award |
50.200 |
46.600 |
Notes:
*In the case of DHL Worldwide (Express division of AFL) vs Bharthi Knitting Company, the Honourable Supreme Court has ruled that the maximum liability of the Company to consumers for service deficiencies is restricted to USD 100. The Company has disclosed the contingent liabilities based on that judgement.
#Future cash outflows are determinable only on receipt of judgments/decisions pending with various authorities/forums and/or final outcome of the matters.
@The AFL-DHL Employees Union had put forth Charter of Demands to the company on June 16, 2004 demanding increase in compensation and had also filed the same with the Industrial court, Mumbai.
During earlier year, company had received an Interim order dated February 23, 2010 from the Industrial tribunal towards the case filed by the AFL-DHL Employees Union, for increase in compensation retrospectively from January 2004. As per the Interim order, Industrial tribunal had directed the company to accept the demand of the union and make the necessary payments alongwith interest @ 9% till the date of payment.
The Company has filed a writ petition in the High court towards the same, the case is yet to be heard.
The District Registrar and deputy commissioner of Stamps, Bangalore, had issued a letter dated 19th January 2012 stating that the company (like any other courier companies) is liable to pay stamp duty on air waybills issued from karnataka state, from 1st April 1995 onwards and have requested details of annual statement of accounts from 1995 onwards. The authorities have asserted that the air waybill is an 'acknowledgement',which is chargeable to stamp duty under the Karnataka Stamp Act,1957 ("Act"). The company, through its external counsel,has replied to the notice denying that an air waybill is an 'acknowledgement' chargeable to stamp duty under the Act, due to various reasons. Since similar notices have been received by most of express service providers, the express industry council of India is also taking up the matter with the Karnataka Stamp duty authorities.
FIXED ASSETS
· Plant and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
Computer
Equipments
Other
Equipments
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 proeeding 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.59.70 |
|
|
1 |
Rs.92.22 |
|
Euro |
1 |
Rs.79.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
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 |
|
54 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.