MIRA INFORM REPORT
|
Report Date : |
12.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
TESTO |
|
|
|
|
Registered
Office : |
Plot No.23, Sind Society, Near Mate House, Baner Road, Aundh,
Pune–411007, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.06.2006 |
|
|
|
|
Com. Reg. No.: |
11-129706 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33130PN2006PTC129706 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNET06500E MUMT13169C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT4593L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The subject is engaged in
Trading and servicing of Hi-Tech electronic portable and online measuring
equipments and instruments |
|
|
|
|
No. of Employees
: |
50 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 61240 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There company has achieved profit from its operation and it has
recovered its has recovered its accumulated losses during financial year
2013. However, the rating reflects moderate financial risk profile marked by
low reserves of the company and below average liquidity. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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 – December 1, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
State-run banks hired nearly 300000
personnel including more than 94000 officers in the last four years, according
to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December. Maharashtra
topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs 8140 mn,
Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office locations.
London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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 : |
Mrs. Aluja |
|
Designation : |
Admin Executive |
|
Contact No.: |
91-20-65600203 |
|
Date : |
03.04.2014 |
LOCATIONS
|
Registered Office/Factory : |
Plot No.23, Sind Society, Near Mate House, Baner Road, Aundh, Pune –
400022, Maharashtra, India |
|
Tel. No.: |
91-20-65600203 |
|
Fax No.: |
91-20-25850080 / 24082793 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 09.08.2013
|
Name : |
Mr. Kalidas Murlidhar Bhangare |
|
Designation : |
Managing Director |
|
Address : |
FL No.1, Shivalay Housing Society, Neha Apartments, |
|
Date of Birth/Age : |
01.06.1967 |
|
Date of Appointment : |
14.06.2006 |
|
DIN No.: |
01133068 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U33130PN2006PTC129706 |
TESTO
INDIA PRIVATE LIMITED |
Managing
director |
01-07-10 |
14-06-06 |
Active |
NO |
|
Name : |
Mr. Stefan Joseph Denzler |
|
Designation : |
Director |
|
Address : |
FL No.9, Marigold – C, Kalyan Nagar, Pune – 411021, |
|
Date of Birth/Age : |
26.05.1970 |
|
Date of Appointment : |
01.03.2008 |
|
DIN No.: |
02070250 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U33130PN2006PTC129706 |
TESTO
INDIA PRIVATE LIMITED |
Director |
30-06-10 |
01-03-08 |
Active |
NO |
|
Name : |
Mr. Martin Winkle |
|
Designation : |
Director |
|
Address : |
Rudenbergerstr 48, Titisee, |
|
Date of Birth/Age : |
03.09.1968 |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
02172278 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U33130PN2006PTC129706 |
TESTO
INDIA PRIVATE LIMITED |
Director |
30-09-09 |
31-03-09 |
Active |
NO |
|
Name : |
Mr. Burkart Knospe |
|
Designation : |
Director |
|
Address : |
Spitzhalde 1, |
|
Date of Birth/Age : |
19.09.1961 |
|
Date of Appointment : |
14.06.2006 |
|
DIN No.: |
02652603 |
KEY EXECUTIVES
|
Name : |
Ms. Deepali |
|
Designation : |
Market Communication Executive |
|
|
|
|
Name : |
Mrs. Aluja |
|
Designation : |
Admin Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.08.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
|
1499998 |
100.00 |
|
|
1 |
0.00 |
|
Testo Holding GmbH, Lenzkirch JW
Stefan Denzler |
1 |
0.00 |
|
Total |
1,500,000 |
100.00 |
AS ON 09.08.2013
|
Equity Shares
Break Up |
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 : |
The subject
is engaged in Trading and servicing of
Hi-Tech electronic portable and online measuring equipments and instruments |
|
|
|
|
Imports : |
|
|
Products : |
Measuring Instruments |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
50 [Approximately] |
|
|
|
|
Bankers : |
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gramopadhye and Associates Chartered Accountant |
|
Address : |
9, Matru-Krupa Apartments, 2/14, Erandwane,
Off |
|
Tel. No.: |
91-20-25535792 |
|
Mobile No.: |
91-9881257930 |
|
Email : |
|
|
PAN No.: |
ABMPG3586A |
|
|
|
|
Holding Company : |
Testo Holding GmbH, Lenzkirch |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
15.000 |
15.000 |
15.000 |
|
(b) Reserves & Surplus |
0.310 |
(4.197) |
(1.829) |
|
(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) |
15.310 |
10.803 |
13.171 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.401 |
|
(d) long-term
provisions |
2.606 |
2.022 |
1.240 |
|
Total Non-current Liabilities
(3) |
2.606 |
2.022 |
1.641 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
4.940 |
1.332 |
0.000 |
|
(b) Trade
payables |
31.598 |
33.055 |
20.432 |
|
(c) Other
current liabilities |
16.046 |
12.650 |
8.541 |
|
(d) Short-term
provisions |
2.693 |
1.007 |
2.111 |
|
Total Current
Liabilities (4) |
55.277 |
48.044 |
31.084 |
|
|
|
|
|
|
TOTAL |
73.193 |
60.869 |
45.896 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3.288 |
5.445 |
7.340 |
|
(ii)
Intangible Assets |
0.007 |
0.240 |
0.715 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
1.460 |
1.124 |
0.774 |
|
(d) Long-term Loan and Advances |
8.162 |
8.315 |
4.533 |
|
(e) Other
Non-current assets |
(0.401) |
(0.401) |
0.000 |
|
Total Non-Current
Assets |
12.516 |
14.723 |
13.362 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
16.154 |
15.772 |
11.418 |
|
(c) Trade
receivables |
36.615 |
24.765 |
15.193 |
|
(d) Cash and
cash equivalents |
3.166 |
3.479 |
4.625 |
|
(e)
Short-term loans and advances |
4.537 |
1.963 |
1.194 |
|
(f) Other
current assets |
0.205 |
0.167 |
0.104 |
|
Total
Current Assets |
60.677 |
46.146 |
32.534 |
|
|
|
|
|
|
TOTAL |
73.193 |
60.869 |
45.896 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
189.875 |
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
189.875 |
151.793 |
131.187 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
174.390 |
147.935 |
119.145 |
|
|
|
|
|
|
|
|
Less |
PROFIT / (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
15.485 |
3.858 |
12.042 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.743 |
(0.747) |
(1.019) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.742 |
4.605 |
13.061 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.490 |
3.195 |
2.470 |
|
|
|
|
|
|
|
|
|
Less |
PROVISION FOR
RESERVE FOR DOUBTFUL DEBTS |
(0.099) |
2.890 |
0.332 |
|
|
|
|
|
|
|
|
|
Less |
PROVISION FOR
REVALUATION OF STOCK |
1.163 |
0.230 |
0.127 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
6.188 |
(1.710) |
10.132 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.357 |
0.657 |
3.517 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
3.831 |
(2.367) |
6.615 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
NA |
(1.831) |
(8.446) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
(4.198) |
(1.831) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
4.005 |
3.992 |
2.902 |
|
|
TOTAL EARNINGS |
4.005 |
3.992 |
2.902 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
NA |
79.302 |
61.717 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.02
|
(1.56)
|
5.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.63
|
(2.86)
|
22.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
(0.16)
|
0.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.32
|
0.12
|
NA |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10
|
0.96
|
1.05 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
15.000 |
15.000 |
15.000 |
|
Reserves & Surplus |
-1.829 |
-4.197 |
0.31 |
|
Net
worth |
13.171 |
10.803 |
15.310 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
1.332 |
4.940 |
|
Total
borrowings |
0.000 |
1.332 |
4.940 |
|
Debt/Equity
ratio |
0.000 |
0.123 |
0.323 |
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 |
Yes |
|
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) |
Yes |
|
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2012 |
|
Short Term Borrowings |
|
|
|
O/D With Deutsche Bank |
4.940 |
1.332 |
|
TOTAL |
4.940 |
0.000 |
NOTE
Registered office address of the company has been shifted from Plot No.9,
Jeevan Vihar Housing Society, Off Senapati Bapat Road, Pune – 411016,
Maharashtra, India to the present address w.e.f 01.01.2010
FIXED ASSETS
- Plant and Machinery
- Furniture and Fixtures
- Computer
- Office Equipments
- Vehicles
- Software
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.60.21 |
|
|
1 |
Rs.101.05 |
|
Euro |
1 |
Rs.83.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.