MIRA
INFORM REPORT
|
Report Date : |
26.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
DIEBOLD SYSTEMS PRIVATE LIMITED (w.e.f. 23.07.2003) |
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|
|
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Formerly Known
As : |
DIEBOLD HMA PRIVATE LIMITED (w.e.f. 18.08.1999) DIEBOLD HMA LIMITED (w.e.f. 01.07.1997) DIEBOLD HMA PRIVATE LIMITED |
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Registered
Office : |
2nd Floor, Silver Metropolis, Jay Coach Compound, 201/A
Western Express Highway, Goregaon (East), Mumbai - 400063, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
10.07.1992 |
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Com. Reg. No.: |
11-205347 |
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Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
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CIN No.: [Company Identification
No.] |
U72300MH1992PTC205347 |
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PAN No.: [Permanent Account No.] |
AAACD3206C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is primarily engaged in trading in installation of and
providing maintenance services for Automated Teller Machines (‘ATMs’) and networked
cash dispensers including associated software in |
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No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 4690000 |
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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 a well established company having a fine track record. Management of the company has filed to file its financial for the year
2013 with the government department. The performance capacity of the company is high. The company is doing
well. General financial position is good. Trade relations are reported as trustworthy. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered good 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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 PARTED BY
|
Name : |
Mr. Ram and Mr. Amit |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-22-66774900 |
LOCATIONS
|
Registered/
Mumbai Corporate Office : |
2nd Floor, Silver Metropolis, Jay Coach Compound, 201/A Western
Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-66774900 |
|
Fax No.: |
91-22-66774901 |
|
E-Mail : |
sandeshnikanth.shringarpure@diebold.com |
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Website : |
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|
Location : |
Owned |
|
|
|
|
Diebold Managed Services Centre: |
G-Corp Tech Park, 8th Floor, Kasarvasavli, Ghodebunder
Road, Thane (West) – 400615, Maharashtra, India |
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Tel. No.: |
91-22-30969600 |
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Fax No.: |
91-22-30969966 |
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|
|
|
|
DSSPL Private Limited 17th Floor, Building No.2, R Tech Park, Nirlon Compound,
Pahadi Goregaon, Off Western Express Highway, Goregaon (East), Mumbai –
400063, Maharashtra, India |
|
Tel. No.: |
91-22-66497500 |
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Fax No.: |
91-22-66497600 |
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|
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Manufacturing Unit: |
Diebold India Private Limited 45/46, Tivim Industrial Estate, Karaswada, Mapusa, Goa – 403526 |
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Tel. No.: |
91-832-6655478 |
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Fax No.: |
91-832-2258170 |
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Regional Office: |
Located At: ·
Chennai ·
Ahmedabad ·
·
·
·
·
Chandigarh ·
Hyderabad ·
Hyderabad GDC ·
Jaipur ·
Kolkata ·
·
·
·
·
·
·
Pune ·
·
Cochin ·
·
Guwahati ·
·
Tirunelveli ·
Trichy ·
|
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Naresh Murli Hosangady |
|
Designation : |
Director |
|
Address : |
E-402/3, Ashok Garden, Tower – 2, T J Road, Sewree, Mumbai – 400015,
Maharashtra, India |
|
Date of Birth/Age : |
04.07.1960 |
|
Date of Appointment : |
14.02.2007 |
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DIN No.: |
01402981 |
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|
Name : |
Mr. Rupinder Sandhu Anand |
|
Designation : |
Alternate Director |
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Address : |
1210, C Wing, Hillside Buildign, Raheja Vihar, Andheri (E),
Mumbai-400072, |
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Date of Birth/Age : |
18.07.1974 |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
02798541 |
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|
|
|
Name : |
Jing Zhou |
|
Designation : |
Director |
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Address : |
Room No.1105, Building 8, 428 Chand Ping Road, Shanghai |
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Date of Birth/Age : |
31.01.1975 |
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Date of Appointment : |
02.04.2012 |
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DIN No.: |
05252166 |
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|
|
|
Name : |
Chad Frederic Hesse |
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Designation : |
Director |
|
Address : |
30590 Jasmine CT, North Olmsted OH - 440704799 |
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Date of Birth/Age : |
01.04.1972 |
|
Date of Appointment : |
07.09.2011 |
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DIN No.: |
03565371 |
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|
|
|
Name : |
Wico Everard Van Genderen |
|
Designation : |
Director |
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Address : |
11 Sorrel Run, MT Laurel, NJ, USA 80544818 |
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Date of Birth/Age : |
09.10.1958 |
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Date of Appointment : |
02.04.2012 |
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DIN No.: |
05251981 |
KEY EXECUTIVES
|
Name : |
Mr. Ram |
|
Designation : |
Finance Executive |
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|
|
|
Name : |
Mr. Amit |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Diebold Incorporated, |
|
99976 |
|
Diebold Holdings, |
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24 |
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|
|
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Total |
|
100000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
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|
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
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|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is primarily engaged in trading in installation of and
providing maintenance services for Automated Teller Machines (‘ATMs’) and
networked cash dispensers including associated software in |
GENERAL INFORMATION
|
No. of Employees : |
1000 (Approximately) |
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|
|
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Bankers : |
ICICI Bank Limited |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
BSR and Company Chartered Accountant |
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Address : |
Lodha Excelus, 1st Floor, Appollo Mills Compound, N.M.
Joshi Marg, Mahalaxmi, Mumbai – 400011, Maharashtra, India |
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Tel. No.: |
91-22-39896000 |
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Fax No.: |
91-22-39836000 |
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PAN No: |
AAAFB9852F |
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Holding Company : |
Diebold Incorporated, |
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Fellow Subsidiary : |
·
Diebold India Private Limited ·
Diebold Software Systems Private Limited ·
Diebold Shanghai ·
Diebold Malaysia ·
Diebold Argentina ·
Diebold Colombia ·
Diebold EMEA Logistics ·
Diebold Thailand ·
Diebold Procomp Amazonia (Brazil) ·
Diebold Self Solutions (France) ·
Diebold Pacific Limited ·
Diebold Financial Equipment ·
Diebold Australia Pty Limited ·
Diebold Philippines Limited ·
Diebold Enterprise Security Systems Japan Limited ·
Diebold Enterprise Security Systems - UK |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000
Millions |
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|
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 |
|
|
|
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(a) Share Capital |
|
10.000 |
10.000 |
|
(b) Reserves & Surplus |
|
1162.699 |
852.954 |
|
(c) Money received against share
warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
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Total Shareholders’ Funds (1) + (2) |
|
1172.699 |
862.954 |
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|
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|
|
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(3) Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
35.144 |
15.459 |
|
(d) long-term provisions |
|
57.566 |
78.305 |
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Total Non-current Liabilities (3) |
|
92.710 |
93.764 |
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|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
120.000 |
|
(b) Trade payables |
|
1701.446 |
1155.452 |
|
(c) Other current
liabilities |
|
372.487 |
337.198 |
|
(d) Short-term provisions |
|
164.280 |
113.286 |
|
Total Current Liabilities (4) |
|
2238.213 |
1725.936 |
|
|
|
|
|
|
TOTAL |
|
3503.622 |
2682.654 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
46.428 |
46.570 |
|
(ii) Intangible Assets |
|
0.296 |
0.000 |
|
(iii) Capital
work-in-progress |
|
106.127 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
117.215 |
112.951 |
|
(d) Long-term Loan and Advances |
|
333.704 |
179.814 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
603.770 |
339.335 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
754.161 |
644.464 |
|
(c) Trade receivables |
|
1268.690 |
1165.492 |
|
(d) Cash and cash
equivalents |
|
467.438 |
211.331 |
|
(e) Short-term loans and advances |
|
325.562 |
263.327 |
|
(f) Other current assets |
|
84.001 |
58.705 |
|
Total Current Assets |
|
2899.852 |
2343.319 |
|
|
|
|
|
|
TOTAL |
|
3503.622 |
2682.654 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
10.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
573.187 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
583.187 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
175.000 |
|
|
TOTAL BORROWING |
|
|
175.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
758.187 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
52.511 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
69.466 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
781.898
|
|
|
Sundry Debtors |
|
|
1263.259
|
|
|
Cash & Bank Balances |
|
|
295.308
|
|
|
Other Current Assets |
|
|
2.137
|
|
|
Loans & Advances |
|
|
1149.280
|
|
Total
Current Assets |
|
|
3491.882 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1794.454
|
|
|
Other Current Liabilities |
|
|
310.230
|
|
|
Provisions |
|
|
750.988
|
|
Total
Current Liabilities |
|
|
2855.672
|
|
|
Net Current Assets |
|
|
636.210
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
758.187 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Operations |
5996.655 |
4538.950 |
|
|
|
|
Other Income |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
4962.138 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
4384.430 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
483.555 |
496.569 |
577.708 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
18.650 |
23.207 |
24.757 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
464.905 |
473.362 |
552.951 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
155.160 |
193.595 |
258.794 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
309.745 |
279.767 |
294.157 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
14.097 |
|
|
|
FOB Value of Goods Exported |
6.496 |
13.068 |
0.000 |
|
|
|
Reimbursement of Expenses |
11.764 |
9.278 |
0.000 |
|
|
TOTAL |
18.260 |
22.346 |
14.097 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components and Spares |
200.885 |
160.553 |
110.054 |
|
|
|
Traded Goods (Including related software) |
79.021 |
12.530 |
40.965 |
|
|
|
Demo Assets |
0.000 |
0.000 |
2.656 |
|
|
TOTAL IMPORTS |
279.906 |
173.083 |
153.675 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3097.45 |
2797.67 |
2941.57 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
5.93
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.75
|
10.43 |
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.17
|
18.42 |
15.60
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.55 |
0.95
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.14 |
0.30
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30
|
1.35 |
1.22
|
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 |
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 |
Yes |
|
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 |
NOTE:
The Registered office of the company has been
shifted from IV Floor, C Wing, Trade Star, Andheri Kurla Road, Andheri (East), Mumbai
– 400059, Maharashtra, India to the present address w.e.f. 13.02.2012.
BACKGROUND:
Subject is a subsidiary of Diebold Incorporated (‘the holding company’)
was incorporated on 10 July 1992. The company is primarily engaged in trading
in installation of and providing maintenance services for Automated Teller
Machines (‘ATMs’) and networked cash dispensers including associated software
in
CONTINGENT
LIABILITIES NOT PROVIDED FOR IN RESPECT OF: (AS ON 31.03.2012)
(a) Bank guarantee
issued in favour of customers – Rs.1.001
Millions
(b) Disputed direct and indirect tax liabilities – Rs.0.091 Million
(c) T he Company
had received Assessment Orders raising a demand of Central Sales Tax and
General Sales Tax amounting Rs.195 million (including penalty amounting Rs.117
million). The Company had filed writ petitions before the High Court on 19
August 2009 seeking a certiorari to quash the said assessment orders issued by
the IAC. The writ was admitted based on which the Court has granted an interim
stay. The High court has, in its order passed quashed the penalty amounting
Rs.117 million. – Rs.0.078 Million.
UNSECURED LOAN
Rs. In Millions
|
Particular |
31.03.2012 [Rs. in Millions] |
31.03.2011 [Rs. in Millions] |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Rupee term loans from banks |
0.000 |
120.000 |
|
|
|
|
|
Total |
0.000 |
120.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90288957 |
24/09/1999 |
163,200.00 |
THAYER OVERSEAS FINANCE LIMITED |
KOTHARI BUILDINGS, 114 MG ROAD, CHENNAI, TAMILNADU - 600034, INDIA |
- |
|
2 |
90291127 |
16/09/1999 |
668,000.00 |
THAYER OVERSEAS FINANCE LIMITED |
KOTHARI BUILDINGS, 114 MG ROAD, CHENNAI, TAMILNADU - 600034, INDIA |
- |
|
3 |
90286860 |
02/08/2000 * |
7,500,000.00 |
ICICI BANKING CORPORATION LIMITED |
NO.1 CENOTAPH ROAD, MADRAS, TAMILNADU - 600018, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
·
Leasehold Improvement
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Computer
·
Office Equipments
·
Demo Assets
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.62.58 |
|
|
1 |
Rs.101.42 |
|
Euro |
1 |
Rs.84.70 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
62 |
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.