MIRA
INFORM REPORT
|
Report Date : |
16.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
TECNIMONT ICB PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Tecnimont ICB House, 504, Link Road, Chincholi Bunder, Malad (West), Mumbai – 400064,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
09.07.1958 |
|
|
|
|
Com. Reg. No.: |
11-013544 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.13.887 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH1958PTC013544 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT08884B/ MUMT10392E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI2628B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Provide
Services in Engineering Consultancy, Turnkey Projects and Allied Activities. |
|
|
|
|
No. of Employees
: |
1800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
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 13458000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established and reputed company having a fine track
record. There seems drastic dip in the profit of the company during 2013.
Reserves of the company also seems to be low. However, the rating takes into consideration experienced and professionally
managed promoter group. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
US investment bank Goldman
Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
AA- (Long Term Bank Facilities) |
|
Rating Explanation |
Have high degree of safety and carry very low credit risk. |
|
Date |
November 22, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A1+ (Short Term Bank Facilities) |
|
Rating Explanation |
Have very strong degree of safety and carry lowest credit risk. |
|
Date |
November 22, 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 PARTED BY
|
Name : |
Mr. Sunil Parkar |
|
Designation : |
Senior Finance Manager |
|
Contact No.: |
91-22-66945500 |
|
Date : |
14.04.2014 |
LOCATIONS
|
Registered Office : |
Tecnimont ICB House, 504, Link Road, Chincholi Bunder, Malad (West), Mumbai – 400064,
Maharashtra, India |
|
Tel. No.: |
91-22-66945500 |
|
Fax No.: |
91-22-66945599 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
9000 Sq. Ft |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
New Delhi – India 501-B, Rectangle-1, D-4, Saket District Centre, Saket, New Delhi – 110017, India Tel/Fax : 91-11-41012874/75 Abu Dhabi - U.A.E. 301, Khalifa Bin Hamdan Al Mansouri, Liwa Street, P. O. Box 53440, Abu Dhabi, U.A.E. Tel: + 971-2-6226244 Fax: + 971-2-6226245 e-mail : ticbabd@emirates.net.ae
Kingdom of Saudi
Arabia Al Imam Center, (Fuji Film Building), Madina Road, P.O. Box 6895, Jeddah 21452, Kingdom of Saudi Arabia Tel: + 966-2-6926475 Fax : + 966-2-6926143 e-mail : infoticb.saudi@ticb.com Doha – Qatar Tecnimont ICB Qatar W.L.L., P.O. Box 16852, Doha, State of Qatar Tel: +974 4665557 Fax : +974 4650680 e-mail : b.venugopalan@ticb.com |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Mario Ruzza |
|
Designation : |
Managing Director |
|
Address : |
VIA Baldassara, 5 Cogliate, Milano 20020 |
|
Date of Birth/Age : |
10.04.1954 |
|
Date of Appointment : |
09.10.2013 |
|
DIN No.: |
00256448 |
|
|
|
|
Name : |
Mr. Gianni Bardazzi |
|
Designation : |
Director |
|
Address : |
VIA Jacopo Nardi, 19, Fireze 50132 Italy |
|
Date of Birth/Age : |
31.01.1965 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
03121568 |
|
|
|
|
Name : |
Mr. Enrico Rolandelli |
|
Designation : |
Director |
|
Address : |
Via Fratelli Kennedy 19,
Inverigo Cono, 22044 |
|
Date of Birth/Age : |
11.01.1963 |
|
Date of Appointment : |
09.10.2013 |
|
DIN No.: |
06584914 |
|
|
|
|
Name : |
Mr. Pedaprolu Surya Prakasa Rao |
|
Designation : |
Whole-time director |
|
Address : |
B/72, Sarad Srishti Co-operative Housing Society Limited, Sector 3,
Mira Road (East), Thane – 401107, Maharashtra, India |
|
Date of Birth/Age : |
14.06.1957 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06640219 |
|
|
|
|
Name : |
Mr. Vishwas Dnyanu Desai |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. 1702, Stepps, Building No. 7, Vasant Lawns, Pokharan Road No.
2, Thane (West) – 400610, Maharashtra, India |
|
Date of Birth/Age : |
26.07.1957 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
05318771 |
|
|
|
|
Name : |
Mr. Thiyagarajan Bhupalasundaram |
|
Designation : |
Whole-time director |
|
Address : |
A-7, Niles Housing Society, Plot No.22, Sector – 14, Navi Mumbai –
400703, Maharashtra, India |
|
Date of Birth/Age : |
30.07.1964 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
05319033 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil Parkar |
|
Designation : |
Senior Finance Manager |
|
|
|
|
Name : |
Mr. Parameswaran Parameswara Iyer Trikkur |
|
Designation : |
Secretary |
|
Address : |
A-3.302, Vikas Complex, Castle Mills, L B S Marg, Thane (East), Thane
– 400601, |
|
Date of Birth/Age : |
07.05.1953 |
|
Date of Appointment : |
05.12.1990 |
|
PAN No.: |
AACPT3955B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Tecnimont Planung UND Industrieanlagenbau GMBH |
|
1 |
|
Tecnimont S.P.A. |
|
1388669 |
|
|
|
|
|
Total |
|
1388670 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provide
Services in Engineering Consultancy, Turnkey Projects and Allied Activities. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
BHEL |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
Indian Oil Corp[oration Limited |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
1800 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
State Bank of India, Commercial Branch, N.G.N. Vaidya Marg, Mumbai - 400023, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai, Maharashtra, India |
|
PAN No.: |
AADFD2337G |
|
|
|
|
Holding Company : |
Tecnimont SpA |
|
|
|
|
Fellow Subsidiary Company
: |
· Sofregaz · TWS SA · TSJ Limited · Stamicarbon · KT- Kinetics Technology · Tecnimont Arabia Limited |
|
|
|
|
Joint Venture : |
Hazira Cryogenic Engineering and Construction Management Private Limited U45201MH2001PTC134378 |
|
|
|
|
Subsidiary Company
: |
Tecnimont ICB Qatar WLL |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital : Rs.35.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.13.968 Millions
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10.- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1388670 |
Equity Shares |
Rs.10.- each |
Rs.13.887 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 |
13.887 |
13.887 |
13.900 |
|
(b) Reserves & Surplus |
3350.700 |
4712.600 |
1640.000 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
0.000 |
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
|
|
Total
Shareholders’ Funds (1) + (2) |
3364.587 |
4726.487 |
1653.900 |
|
|
|
|
|
|
(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 |
35.200 |
43.600 |
25.000 |
|
(d) long-term provisions |
150.400 |
225.000 |
18.700 |
|
Total
Non-current Liabilities (3) |
185.600 |
268.600 |
43.700 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
272.000 |
0.000 |
0.000 |
|
(b) Trade payables |
2848.613 |
2041.313 |
1502.000 |
|
(c) Other current liabilities |
1101.600 |
1188.500 |
124.300 |
|
(d) Short-term provisions |
8.100 |
625.500 |
162.500 |
|
Total
Current Liabilities (4) |
4230.313 |
3855.313 |
1788.800 |
|
|
|
|
|
|
TOTAL |
7780.500 |
8850.400 |
3486.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
441.100 |
514.500 |
374.500 |
|
(ii) Intangible Assets |
12.400 |
20.900 |
0.700 |
|
(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 |
1.100 |
1.200 |
|
(c) Deferred tax assets (net) |
37.100 |
24.200 |
-2.600 |
|
(d) Long-term Loan and Advances |
45.600 |
21.400 |
43.800 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
536.200 |
582.100 |
417.600 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
5846.600 |
6022.600 |
1646.900 |
|
(d) Cash and cash equivalents |
548.600 |
1209.200 |
480.900 |
|
(e) Short-term loans and
advances |
471.100 |
540.600 |
624.600 |
|
(f) Other current assets |
378.000 |
495.900 |
316.400 |
|
Total
Current Assets |
7244.300 |
8268.300 |
3068.800 |
|
|
|
|
|
|
TOTAL |
7780.500 |
8850.400 |
3486.400 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
Employees benefits expense |
|
|
|
|
|
Other expenses |
|
|
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
437.300 |
1,256.900 |
499.900 |
|
|
|
|
|
|
|
|
TAX |
72.200 |
670.100 |
175.200 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
365.100 |
586.800 |
324.700 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4143.600 |
4140.000 |
998.900 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Interim
Dividend paid |
1485.900 |
0.000 |
0.000 |
|
|
Final Dividend |
0.000 |
451.300 |
138.900 |
|
|
Tax on Dividend |
241.000 |
73.200 |
22.500 |
|
|
Transferred to General Reserve |
450.900 |
58.700 |
32.500 |
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B.S |
2330.900 |
4143.600 |
1129.700 |
|
|
|
|
|
|
|
|
Earnings/
(Loss) Per Share (Rs.) |
262.91 |
NA |
NA |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
9000.000 |
|
|
|
|
|
The above information has been parted by Mr. Sunil Parkar
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT.Total Assets} |
(%) |
5.65 |
14.24 |
14.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT.Networth) |
|
0.13 |
0.26 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt.Networth) |
|
0.08 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset.Current Liability) |
|
1.71 |
2.14 |
1.72 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
13.900 |
13.887 |
13.887 |
|
Reserves & Surplus |
1,640.000 |
4,712.600 |
3,350.700 |
|
Net
worth |
1,653.900 |
4,726.487 |
3,364.587 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
272.000 |
|
Total
borrowings |
0.000 |
0.000 |
272.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.081 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG-TERM DEBT DETAILS – NOT AVAILABLE
|
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 one year |
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 |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90235117 |
22/01/2013 * |
3,900,000,000.00 |
State Bank of India |
COMMERCIAL BRANCH, N.G.N. VAIDYA MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
B67982363 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
Intangible Assets
· Computer 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.60.26 |
|
|
1 |
Rs.100.71 |
|
Euro |
1 |
Rs.83.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
58 |
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.