MIRA INFORM REPORT
|
Report Date : |
18.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
DHL LOGISTICS PRIVATE LIMITED (07.06.2012) DHL LEMUIR LOGISTICS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
MSAS BLUE SKIES PRIVATE LIMITED |
|
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Registered
Office : |
201 A, Silver Utopia, Cardinal Gracias Road, Chakala,
Andheri East, Mumbai – 400099, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of Incorporation
: |
08.05.1996 |
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|
Com. Reg. No.: |
11-099340 |
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Capital
Investment / Paid-up Capital : |
Rs.1614.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH1996PTC099340 |
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|
|
PAN No.: [Permanent Account No.] |
AAACM6864H |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
The Company is engaged in the business of
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|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 14200000 |
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|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. Management of the company has failed to file its financial of 2013
with government department. As per financial of 2012, overall financial position of the company
appears to be strong and healthy. Company is operating on its owned found. Trade relation reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. The company can be considered for 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) |
|
|
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.
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.
LOCATIONS
|
Registered Office : |
201 A, Silver Utopia, Cardinal Gracias Road, Chakala,
Andheri East, Mumbai – 400099, Maharashtra, India |
|
Tel. No. : |
91-22-61985400 |
|
Fax. No. : |
91-22-44382090 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Head Office : |
12, K, Dubash Marg, Mumbai - 400 023, |
|
Tel. No. : |
91-22-22844420 |
|
Fax. No. : |
91-22-22040806 |
|
Email : |
|
|
|
|
|
Other Offices : |
Regional Office – West 12, K, Dubash Marg, Mumbai - 400 023, Tel : 91-22-22844420 Fax : 91-22- 22040806 E-mail : bom.landm@lemuir.com
PMC Complex, Off M. Vasanji
Road, Marol Naka, Andheri (E), Mumbai - 400 059 , Maharashtra, India Tel : 91-22-2836 7000 / 1 / 2
/ 3 / 4
Tel : 91-22- 22844420 |
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|
|
|
Branches : |
Located At
|
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Thomas Tieber |
|
Designation : |
Additional Director |
|
Address : |
All Season Mansion, 87/10, |
|
Date of Birth/Age : |
19.05.1964 |
|
Date of Appointment : |
13.03.2008 |
|
DIN No.: |
00783317 |
|
|
|
|
Name : |
Mr. Christoph Remund |
|
Designation : |
Director and Chief Executive Officer |
|
Date of Appointment : |
09.03.2010 |
|
DIN No.: |
01961679 |
|
|
|
|
Name : |
Mr. Paul H. Graham |
|
Designation : |
Additional Director |
|
Address : |
1, |
|
Date of Birth/Age : |
25.11.1961 |
|
Date of Appointment : |
10.06.2008 |
|
DIN No.: |
02233638 |
KEY EXECUTIVES
|
Name : |
Mr. Rodney Pereira |
|
Designation : |
Company Secretary |
|
Address : |
8, Deepak Silverline Off Mehboob Studio, 321, Hill Road, Bandra, Mumbai
– 400050, Maharashtra, India. |
|
Date of Birth/Age : |
27.02.1952 |
|
Date of Appointment : |
06.12.2007 |
|
PAN No.: |
AAAPP1553D |
MAJOR SHAREHOLDERS
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Arvind N. Parikh |
|
352800 |
|
Snehal A. Parikh |
|
239904 |
|
Poorvi A. Parikh |
|
141120 |
|
Savita Parikh |
|
112896 |
|
Prasant Parekh as a Trustee of Pan Family Trust |
|
211680 |
|
Anuradha Family Trust |
|
70560 |
|
Anuradha Jagdish Parikh |
|
141120 |
|
Pranav Natwarlal Parikh Trust |
|
141120 |
|
Deutsche Post Intl, Nederland’s |
|
79068800 |
|
Ocean Overseas Holdings Limited, UK |
|
300000 |
|
DGFM-DHL Global Forwarding Management ( |
|
78000000 |
|
Total |
|
158780000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2010
|
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 |
97.00 |
|
Directors or relatives of Directors |
3.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountant |
|
Address : |
252, Veer Savarkar Marg, |
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PAN No.: |
AAFFP3698A |
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|
|
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Control / Major
Shareholders : |
* Together referred as Lemuir Group. |
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Fellow
Subsidiaries (with whom transactions have taken place during the
year/previous year) : |
|
|
|
|
|
Enterprises in which
persons described in (a) above exercise control (with whom transactions have
taken place during the year/ previous year) |
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
163000000 |
Equity Shares |
Rs. 10/- each |
Rs.1630.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
161480000 |
Equity Shares |
Rs. 10/- each |
Rs.1614.800 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 |
|
1614.800 |
1614.800 |
|
(b) Reserves & Surplus |
|
1945.735 |
954.696 |
|
(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) |
|
3560.535 |
2569.496 |
|
|
|
|
|
|
(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 |
|
34.966 |
26.618 |
|
(d) long-term
provisions |
|
433.350 |
384.375 |
|
Total Non-current
Liabilities (3) |
|
468.316 |
410.993 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
2509.309 |
3219.021 |
|
(c) Other
current liabilities |
|
609.482 |
584.248 |
|
(d) Short-term
provisions |
|
114.235 |
642.173 |
|
Total Current
Liabilities (4) |
|
3233.026 |
4445.442 |
|
|
|
|
|
|
TOTAL |
|
7261.877 |
7425.931 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
464.539 |
410.569 |
|
(ii)
Intangible Assets |
|
831.668 |
995.275 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
247.654 |
286.988 |
|
(d) Long-term Loan and Advances |
|
953.176 |
525.120 |
|
(e) Other
Non-current assets |
|
0.945 |
0.867 |
|
Total Non-Current
Assets |
|
2497.982 |
2218.819 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
3461.136 |
3676.891 |
|
(d) Cash
and cash equivalents |
|
538.057 |
866.501 |
|
(e)
Short-term loans and advances |
|
414.948 |
290.046 |
|
(f) Other current
assets |
|
349.754 |
373.674 |
|
Total
Current Assets |
|
4763.895 |
5207.112 |
|
|
|
|
|
|
TOTAL |
|
7261.877 |
7425.931 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1614.800 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
895.522 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2510.322 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2510.322 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1569.363 |
|
|
Capital work-in-progress |
|
|
10.113 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
225.898 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
3502.393 |
|
|
Cash & Bank Balances |
|
|
309.830 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1062.421 |
|
Total
Current Assets |
|
|
4874.644 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
3267.292 |
|
|
Other Current Liabilities |
|
|
233.514 |
|
|
Provisions |
|
|
668.890 |
|
Total
Current Liabilities |
|
|
4169.696 |
|
|
Net Current Assets |
|
|
704.948 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2510.322 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL (A) |
240.640 |
26.637 |
4.381 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
|
|
|
|
|
|
|
Employee Benefits Expenses |
|
|
|
|
|
|
|
Other Expenses |
|
|
|
|
|
|
|
TOTAL (B) |
239.115 |
25.225 |
3.505 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
|
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
|
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
1.525 |
1.412 |
0.876 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
0.354 |
0.341 |
0.240 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
1.171 |
1.071 |
0.639 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
0.180 |
0.479 |
0.303 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.991 |
0.592 |
0.333 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.455 |
0.454 |
0.454 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Dividend proposed |
0.000 |
0.458 |
0.257 |
|
|
|
|
Tax on Dividend |
0.000 |
0.074 |
0.043 |
|
|
|
|
General Reserve |
0.000 |
0.059 |
0.033 |
|
|
|
BALANCE CARRIED
TO THE B/S |
1.446 |
0.455 |
0.454 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Income from Air and Ocean Operations |
6489.452 |
6487.268 |
4184.704 |
|
|
|
|
Income from Warehousing Operations |
411.269 |
325.163 |
139.561 |
|
|
|
|
Income from Global Service Centre |
84.445 |
40.655 |
1.361 |
|
|
|
TOTAL EARNINGS |
6985.166 |
6853.086 |
4325.626 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Capital Items |
8.932 |
22.853 |
0.000 |
|
|
|
TOTAL IMPORTS |
8.932 |
22.853 |
0.000 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
168.54 |
100.64 |
56.60 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.41
|
2.22 |
7.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.02
|
0.02 |
0.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47
|
1.17 |
1.17 |
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 |
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 |
Note: The registered
office of the company has been shifted from 8th Floor, Leela
Galleria, Andheri Kurla Road, Andheri East, Mumbai – 400059, Maharashtra, India
to the present address w.e.f. 10.12.2011
GENERAL INFORMATION
DHL Logistics Private Limited (Formerly known as DHL Lemuir Logistics
Private Limited) isa Private Limited Company and is a subsidiary of Deutsche
Post AG, Germany. Refer Note 3.6 and 3.9 for shareholding details.
The Company is engaged in the business of
- freight forwarding, which involves air import
and export operations, ocean import and export operations, custom
clearance activities and other ancillary activities;
- supply chain, which involves warehousing,
transportation and other ancillary activities; and
- global service centre which involves
giving support services to other DPDHL group companies
OPERATIONS
The total income decreased by 7.5% from Rs.263637 Millions in 2010-11 to
INR Rs.24.640 Millions in 2011-12 due to overall economic conditions. The
Profit after Tax increased by 67.4% from Rs.0.592 Million to Rs.0.991 Million.
NOTE: NO CHARGES
EXIST FOR COMPANY
FIXED ASSETS
- Goodwill
- Computers
- Furniture and
fixtures
- Vehicles
- Office
Equipments
- Leasehold
Improvement
- Air
Conditioner
- Material
Handling 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 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.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
VNT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
|
52 |
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.