MIRA
INFORM REPORT
|
Report Date : |
10.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
DRESSER-RAND INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Lotus Business Park, 11th Floor, Veera Desai Road, Off
Andheri Link Road, Opposite Fun Republic, Andheri (West), Mumbai – 400053,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.12.1998 |
|
|
|
|
Com. Reg. No.: |
11-117293 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 503.978 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29100MH1998PTC117293 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD06431F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD9897P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Gas Compressors. |
|
|
|
|
No. of Employees
: |
Information Decline by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 11000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Sales and profit of the company has dipped in the year 2012. However,
networth position appears to be strong. There are no external borrowing taken
by the company. Trade relation reported to be fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered for business dealing at usual trade
terms and conditions. Note: Latest
financial of 2013 is not available with us. |
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
The services sector, the largest contributor to India’s GDP, contracted for
the sixth consecutive month in December, as orders dipped. However, hiring has
risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
Management non-cooperative (Tel. No.: 91-22-67248600)
LOCATIONS
|
Registered Office : |
Lotus Business Park, 11th Floor, Veera Desai Road, Off
Andheri Link Road, Opposite Fun Republic, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Tel. No.: |
91-22-67248600 |
|
Fax No.: |
91-22-67248623 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
187, GIDC, Naroda, Ahmedabad – 382330, Gujarat, India |
|
Tel. No.: |
91-79-22800800 |
|
Fax No.: |
91-79-22805566 |
|
Area : |
1500 sq. ft. |
|
Location : |
Leased |
|
|
|
|
Branch Offices : |
Located at: v
Kolkata v
Chennai v
|
|
|
|
|
Sales Offices in |
Located at: v
Kuala Lumpur v
v
v
Vadodara v
Chennai v
Kolkata v
Ahmedabad v
v
v
v
Mumbai v
v
Shanghai |
DIRECTORS
As on: 12.09.2013
|
Name : |
Mr. Vijay Ramesh Phatarphekar |
|
Designation : |
Managing Director |
|
Address : |
Flat No.903, Laburnum, Mahindra Gardens, Goregaon (West), Mumbai –
400062, Maharashtra, India |
|
Date of Birth/Age : |
22.06.1955 |
|
Date of Appointment : |
15.11.2007 |
|
DIN No.: |
02138401 |
|
|
|
|
Name : |
Mr. Gabriel Mircea Popescu |
|
Designation : |
Director |
|
Address : |
Kiaramas Sutera Condominium, Unit B 06-03, |
|
Date of Birth/Age : |
14.08.1965 |
|
Date of Appointment : |
19.11.2008 |
|
DIN No.: |
02428230 |
|
|
|
|
Name : |
Mr. Srinath Mukherjee |
|
Designation : |
Additional Director |
|
Address : |
C 402, Amaltas Juhu, Versova Link Road, Andheri (West), Mumbai –
400053, Maharashtra, India |
|
Date of Appointment : |
27.09.2010 |
|
DIN No.: |
03328093 |
|
|
|
|
Name : |
Mr. Girish Garg |
|
Designation : |
Additional Director |
|
Address : |
55, Nishkam Apartments, Plot No.23, Dwarka, Phase I, Mahavir Enclave,
New Delhi – 110045, India |
|
Date of Birth/Age : |
26.11.1968 |
|
Date of Appointment : |
28.01.2012 |
|
DIN No.: |
05253676 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 12.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vijay Ramesh Phatarphekar |
|
1 |
|
Dresser Rand Company, New York |
|
50397839 |
|
Ashok Pratap |
|
1 |
|
|
|
|
|
Total |
|
50397841 |
Equity Share Break up (Percentage of Total Equity)
As on: 12.09.2013
|
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 : |
Manufacturer and Exporter of Gas Compressors. |
|
|
|
|
Products : |
v Turbo Machinery Products v Reciprocating Products v Coppus Portable Ventilators v Combined Head and Power Solutions v Control System v
Commercial Nuclear Products |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Annual Installed
Capacity at the Year End (Nos.) (@) |
Actual
Production for the Year (Nos.) |
|
Process Compressors Complete Machine and Accessories |
183 |
88 |
@ The installed capacity
is annual capacity as certified by the management and is not verified by the
auditors, being a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
Information Decline by the management |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Pricewater House, 252, Veer Savarkar Marg, Shivaji Park, Dadar (West),
Mumbai – 400028, Maharashtra, India |
|
PAN No.: |
AAEFP3641G |
CAPITAL STRUCTURE
As on: 12.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70000000 |
Equity Shares |
Rs.10/- each |
Rs. 700.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50397841 |
Equity Shares |
Rs.10/- each |
Rs. 503.978
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 |
|
503.978 |
503.978 |
|
(b) Reserves & Surplus |
|
2318.233 |
1619.944 |
|
(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) |
|
2822.211 |
2123.922 |
|
|
|
|
|
|
(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 |
|
12.211 |
13.702 |
|
(d) long-term
provisions |
|
94.481 |
76.198 |
|
Total Non-current
Liabilities (3) |
|
106.692 |
89.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
592.354 |
355.178 |
|
(c)
Other current liabilities |
|
1316.301 |
1170.429 |
|
(d) Short-term
provisions |
|
98.506 |
135.117 |
|
Total Current
Liabilities (4) |
|
2007.161 |
1660.724 |
|
|
|
|
|
|
TOTAL |
|
4936.064 |
3874.546 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible
assets |
|
368.489 |
321.551 |
|
(ii)
Intangible Assets |
|
33.609 |
18.681 |
|
(iii)
Capital work-in-progress |
|
1.781 |
17.780 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
|
96.102 |
98.248 |
|
(d) Long-term Loan and Advances |
|
148.673 |
94.257 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
648.654 |
550.517 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
794.781 |
571.310 |
|
(c)
Trade receivables |
|
792.783 |
624.204 |
|
(d) Cash
and cash equivalents |
|
2218.268 |
2033.073 |
|
(e) Short-term
loans and advances |
|
471.601 |
84.056 |
|
(f)
Other current assets |
|
9.977 |
11.386 |
|
Total
Current Assets |
|
4287.410 |
3324.029 |
|
|
|
|
|
|
TOTAL |
|
4936.064 |
3874.546 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
503.978 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
675.061 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1179.039 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1179.039 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
275.959 |
|
|
Capital work-in-progress |
|
|
1.903 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
94.739 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
654.567
|
|
|
Sundry Debtors |
|
|
1464.363
|
|
|
Cash & Bank Balances |
|
|
877.956
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
191.839
|
|
Total
Current Assets |
|
|
3188.725
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
563.397
|
|
|
Other Current Liabilities |
|
|
1637.530
|
|
|
Provisions |
|
|
181.360
|
|
Total
Current Liabilities |
|
|
2382.287
|
|
|
Net Current Assets |
|
|
806.438
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1179.039 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
3468.757 |
4092.458 |
5251.752 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing and Other Expenses |
|
2621.180 |
3994.305 |
|
|
|
TOTAL |
2386.521 |
2621.180 |
3994.305 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1082.236 |
1471.278 |
1257.447 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
58.801 |
36.904 |
71.958 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1023.435 |
1434.374 |
1185.489 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
325.146 |
489.491 |
430.146 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
698.289 |
944.883 |
755.343 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods (calculated on FOB basis) and services |
NA |
1358.546 |
1456.568 |
|
|
|
Other Income |
NA |
13.619 |
9.251 |
|
|
TOTAL EARNINGS |
NA |
1372.165 |
1465.819 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials, Complete Machine, Accessories and Spare Parts (Includes
imported materials in transit.) |
NA |
599.638 |
2137.642 |
|
|
|
Capital Goods |
NA |
34.064 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
599.638 |
2137.642 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.86 |
18.75 |
14.99 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
20.13 |
23.09 |
14.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.15 |
38.16 |
34.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36 |
0.68 |
1.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.13 |
2.00 |
1.33 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT DETAILS
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Current maturities of long-term debt |
0.000 |
0.000 |
0.000 |
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
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 |
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 4th
Floor, Paville House, Off Veer Savarkar Marg, Prabha Devi, Mumbai - 400025,
Maharashtra, India to the present address w.e.f. 01.04.2008.
OPERATIONS
The company was impacted during the year on account of lower sales
during the financial year due to lower backlog of previous year.
FUTURE OUTLOOK
The Company will continue to focus on operational excellence. Execution of backlog of orders and converting the same in Billed Sales coupled with cost improvement would be a major focus to improve profitability.
Note: No Charges Exist for Company
FIXED ASSETS:
v Land-Leasehold
v Buildings
v Plant and Machinery
v Electrical Installations
v Furniture, Fixtures and Equipments
v Vehicles
v Small Tools
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. 62.31 |
|
|
1 |
Rs. 101.78 |
|
Euro |
1 |
Rs. 84.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.