MIRA INFORM REPORT
|
Report Date : |
18.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMMANN APOLLO INDIA PRIVATE LIMITED (w.e.f. 23.04.2013) |
|
|
|
|
Formerly Known
As : |
APOLLO CONSTRUCTION EQUIPMENTS LIMITED |
|
|
|
|
Registered
Office : |
9P, 11P, 139P At. Ditasan, Post Office Jagudan, Mehsana – 382710,
Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.12.1997 |
|
|
|
|
Com. Reg. No.: |
04-033432 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 8.620 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29248GJ1997PTC033432 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ7628J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Asphalt Mixing Plants, Compaction Machines and Asphalt
Pavers. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 810000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There appears slight dip in profit of the company during the financial
year 2013. However, the ratings reflect “Ammann Apollo’s” established position in
the road construction and maintenance equipment sector, and adequate
financial risk profile marked by a conservative capital structure. Financial
position of the company appears to be sound and healthy. Trade relations are reported to be fair. Business is active. Payment
terms are regular. The company can be considered for business dealing 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 |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue before
the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c
(Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been
launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: (A) |
|
Rating Explanation |
Adequate degree at safety and low credit
risk. |
|
Date |
20.09.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: (A1) |
|
Rating Explanation |
Very strong degree at safety and lowest
credit risk. |
|
Date |
20.09.2013 |
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.:91-2762-285344
LOCATIONS
|
Registered Office : |
9P, 11P, 139P At. Ditasan, Post Office Jagudan, Mehsana – 382710,
Gujarat, India |
|
Tel. No.: |
91-2762-285344 |
|
Fax No.: |
91-2762-285359 |
|
E-Mail : |
DIRECTORS
As on: 23.08.2013
|
Name : |
Mr. Asit Anilbhai Patel |
|
Designation : |
Director |
|
Address : |
Plot No.76, Sector-19, Near Gymkhna, Gandhinagar - 382 019, Gujarat, India |
|
Date of Birth/Age : |
30.09.1961 |
|
Date of Appointment : |
22.03.2013 |
|
DIN No.: |
00093332 |
|
|
|
|
Name : |
Mr. Anilkumar Tribhovandas Patel |
|
Designation : |
Director |
|
Address : |
3,Adarsh Society, State Highway, Mehsana – 384002, Gujarat, India |
|
Date of Birth/Age : |
15.02.1972 |
|
Date of Appointment : |
01.12.2012 |
|
DIN No.: |
00096307 |
|
|
|
|
Name : |
Mr. Hans Christian Schneider |
|
Designation : |
Director |
|
Address : |
Laubeggst Rasse 54, Bern, Switzerland - 3006 |
|
Date of Birth/Age : |
20.08.1979 |
|
Date of Appointment : |
10.04.2013 |
|
DIN No.: |
06530857 |
|
|
|
|
Name : |
Mr. Rolf Johannjenny |
|
Designation : |
Director |
|
Address : |
Vogelsangst Rasse 6, Eich, Switzerland - 6205 |
|
Date of Birth/Age : |
18.11.1948 |
|
Date of Appointment : |
10.04.2013 |
|
DIN No.: |
06530863 |
|
|
|
|
Name : |
Mr. Tomaskopic |
|
Designation : |
Director |
|
Address : |
Vlukach 462/44, Hardec Kralove, Czech Republic - 50341 |
|
Date of Birth/Age : |
07.04.1973 |
|
Date of Appointment : |
10.04.2013 |
|
DIN No.: |
06530868 |
|
|
|
|
Name : |
Mr. Elmar Johannegli |
|
Designation : |
Director |
|
Address : |
Obere St Eingrubenstrasse, 65, Solothurn, Switzerland - 4500 |
|
Date of Birth/Age : |
03.03.1961 |
|
Date of Appointment : |
10.04.2013 |
|
DIN No.: |
06530921 |
|
|
|
|
Name : |
Mr. Anand Anilbhai Patel |
|
Designation : |
Alternate director |
|
Address : |
3,Adarsh Society, State Highway, Mehsana – 384002, Gujarat, India |
|
Date of Birth/Age : |
26.06.1972 |
|
Date of Appointment : |
15.05.2013 |
|
DIN No.: |
00002277 |
|
|
|
|
Name : |
Mr. Patel Dhruv Ashokbha |
|
Designation : |
Alternate director |
|
Address : |
11, Utsav Bunglows, Opposite Tv Tower, Thaltej, Ahmedabad – 380054, Gujarat, India |
|
Date of Birth/Age : |
12.05.1982 |
|
Date of Appointment : |
15.05.2013 |
|
DIN No.: |
05270487 |
|
|
|
|
Name : |
Mr. Palak Mitul Patel |
|
Designation : |
Director |
|
Address : |
1, Harinagar Society, Highway, Mehsana – 384002, Gujarat, India |
|
Date of Birth/Age : |
10.08.1983 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02355310 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 23.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ammann Singapore Pte Limited, India |
|
2008460 |
|
Ammann Schweiz AG, Switzerland |
|
2873 |
|
Apollo Earthmovers Limited, India |
|
861970 |
|
Anil Patel |
|
30 |
|
|
|
|
|
Total |
|
2873333 |
Equity Share Break up (Percentage of Total Equity)
As on: 23.08.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
70.00 |
|
Bodies corporate |
|
30.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Asphalt Mixing Plants, Compaction Machines and Asphalt
Pavers. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||
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|
|
||||||||||||||||||
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Bankers : |
Bank of Baroda, Opposite Simandhar Temple, Industrial Estate Branch, Mehsana - 384002, Gujarat, India |
||||||||||||||||||
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|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Virendra Chinubhai and Company Chartered Accountants |
|
Address : |
1-2-3, Vyapar Bhawan, Visnagar – 384315, India |
|
PAN No.: |
ADSPS6638P |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital : 6000000*10 = Rs. 60.000 Millions
Authorised Capital : 862000*10 = Rs. 8.620 Millions
As on: 23.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2873333 |
Equity Shares |
Rs.10/- each |
Rs. 28.733
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
8.620 |
8.620 |
8.620 |
|
(b) Reserves & Surplus |
194.106 |
356.238 |
356.238 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
202.726 |
364.858 |
364.858 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
0.000 |
0.000 |
32.457 |
|
(b) Deferred tax
liabilities (Net) |
18.507 |
13.256 |
13.256 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
18.507 |
13.256 |
45.713 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
82.669 |
82.670 |
|
(b)
Trade payables |
81.846 |
107.087 |
107.086 |
|
(c)
Other current liabilities |
37.996 |
54.106 |
21.648 |
|
(d)
Short-term provisions |
253.537 |
32.496 |
32.496 |
|
Total
Current Liabilities (4) |
373.379 |
276.358 |
243.900 |
|
|
|
|
|
|
TOTAL |
594.612 |
654.472 |
654.471 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
123.391 |
148.162 |
148.162 |
|
(ii)
Intangible Assets |
1.748 |
0.432 |
0.432 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b)
Non-current Investments |
0.000 |
0.000 |
113.211 |
|
(c)
Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.580 |
1.535 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
1.535 |
|
Total
Non-Current Assets |
126.719 |
150.129 |
263.340 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
113.211 |
0.000 |
|
(b)
Inventories |
55.227 |
130.149 |
130.148 |
|
(c)
Trade receivables |
107.786 |
55.717 |
55.717 |
|
(d)
Cash and cash equivalents |
74.805 |
28.256 |
28.256 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f)
Other current assets |
230.075 |
177.010 |
177.010 |
|
Total
Current Assets |
467.893 |
504.343 |
391.131 |
|
|
|
|
|
|
TOTAL |
594.612 |
654.472 |
654.471 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
928.483 |
753.381 |
648.486 |
|
|
|
Other Income |
NA |
19.567 |
7.648 |
|
|
|
TOTAL (A) |
NA |
772.948 |
656.134 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
503.211 |
440.619 |
|
|
|
Increase (Decrease) in inventories |
|
(12.498) |
(17.885) |
|
|
|
Employee benefit expenses |
|
20.781 |
19.319 |
|
|
|
Other expenses |
|
102.158 |
76.456 |
|
|
|
TOTAL (B) |
NA |
613.652 |
518.509 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
159.296 |
137.625 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
12.937 |
2.853 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
155.728 |
146.358 |
134.772 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.927 |
7.419 |
7.047 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
147.801 |
138.940 |
127.725 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
83.011 |
40.749 |
48.668 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
64.790 |
98.191 |
79.057 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
40.929 |
36.391 |
|
|
|
Capital Goods |
NA |
7.886 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
48.815 |
36.391 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.55 |
113.91 |
91.71 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.12.2012 |
31.12.2011 |
|
PAT / Total Income |
(%) |
NA |
12.70 |
12.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
15.91 |
18.44 |
19.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.86 |
21.22 |
23.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.72 |
0.39 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.22 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.82 |
1.60 |
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 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 |
No |
|
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 |
Yes |
OPERATIONS
During the year Company has achieved turnover of Rs. 928.483 Millions, as compared to last years’ sales of Rs. 753.380 Millions and earned a profit of Rs. 64.790 Millions compared to profit of Rs. 98.191 Millions for the previous financial year. The directors are hopeful of getting better results in the current financial year.
The Company has executed a Business Transfer Agreement with Gujarat Apollo Industries Limited (GAIL) and Ammann Group for a strategic joint venture with Switzerland based Ammann Group. GAIL and its wholly owned subsidiary, Apollo Earthmovers Limited (AEML) have transferred their respective identified businesses, being the entire product portfolio of asphalt plants and paver business, excluding, crushing and screening business of GAIL, on 10.04.2013 to the Company on slump sale business. The transaction was approved by the shareholders of both the Companies.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90105150 |
21/03/2002 |
1,915,000.00 |
TECHNOLOGY INFORMATION; FORECASTING AND ASSESSMENT C |
TECHNOLOGY BHAWAN, NEW MEHRAULI ROAD, NEW DELHI, DELHI - 110016, INDIA |
- |
|
2 |
90105067 |
23/03/2001 |
4,402,000.00 |
TECHNOLOGY INFORMATION; FORECASTING AND ASSESSMENT C |
TECHNOLOGY BHAWAN, NEW MEHRAULI ROAD, NEW DELHI, DELHI - 110016, INDIA |
- |
|
3 |
90104054 |
22/12/2012 * |
55,000,000.00 |
BANK OF BARODA |
OPP. SIMANDHAR TEMPLE, INDUSTRIAL ESTATE BRANCH, |
B66050287 |
|
4 |
90107260 |
22/12/2012 * |
55,000,000.00 |
BANK OF BARODA |
OPP. SIMANDHAR TEMPLE, INDUSTRIAL ESTATE BRANCH, |
B66050576 |
|
5 |
90106376 |
17/11/2003 * |
8,000,000.00 |
BANK OF BARODA |
INDUSTRIAL ESTATE BRANCH, MAHESNA, GUJARAT, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land and Buildings
- Factory equipment
- Furniture and fixtures
- Motor vehicles
- Computer equipment
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. 63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs. 84.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
50 |
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.