MIRA
INFORM REPORT
|
Report Date : |
13.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
DEUTSCHE BANK A.G. |
|
|
|
|
Registered
Office : |
Deutsche Bank House, Hazarimal Somani Marg, Fort, Mumbai – 400001, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.01.1900 |
|
|
|
|
FCRN : |
F01125 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.36.314 Millions |
|
|
|
|
Legal Form : |
Commercial Bank with limited liability |
|
|
|
|
Line of Business
: |
Providing International Financial Services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
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 250000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a representative office of global investment bank
incorporated in Germany with limited liability. It is a well-established and reputed bank having fine track record. Financial statement for the year 2013 are not available with us. As per available financial 2012, management has reported strong
deposits and asset base which has strengthened the balance sheet position
during 2012. The bank has been successful in managing the spread between the
interest on loans and deposits and earned a good profit. Trade relations are fair. Business is active. Payment terms are
regular and as per commitments. The bank can be considered good for business dealing 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under control,
said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up
from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry
retained its status as the favourable venture capital investors in 2013.
Pakistan has temporarily banned gold imports for the second time in six months,
as it tries to stem smuggling into India. India’s import duty on gold is 10 %
and curbs on purchases have dried up legal imports into what used to be the
world’s biggest bullion buyers. The World Gold Council puts the amount smuggled
into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed
that unclaimed bank deposits estimated to be about Rs 35000 mn be used for
education and awareness among depositors. According to the plan, deposits
that have not been claimed for at least 10 years will be transferred to the
scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Certificates of Deposit Programme = A1+ |
|
Rating Explanation |
Having very strong degree of safety and carry lowest credit risk. |
|
Date |
06.11.2013 |
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.
LOCATIONS
|
Registered
Office : |
Located at · Germany |
|
|
|
|
Representative
Office : |
Deutsche Bank House, Hazarimal Somani Marg, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22074720/24/22073237 (forex) |
|
Fax No.: |
91-22-22075407 |
|
E-Mail : |
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|
Website : |
|
|
|
|
|
Head Office : |
B1, 5th Floor, Nirlon Knowledge Park, Off Western Express Highway, Goregaon East, Mumbai – 400063, Maharashtra, India |
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|
|
|
Places of Business in India : |
· Kodak House, 222 Dr. D.N. Road Fort, Mumbai- 400001, Maharashtra, India Tel. No.: 91-22-66684000 · Peninsula Corporate Park Nicholas Piramal Tower, 5th Floor Ganpatrao Kadam Marg Lower Parel Mumbai-400013, Maharashtra, India · Glacis, Plot No 391, Linking Road, Khar, Mumbai - 400052, Maharashtra, India Tel. No.: 91-22-66009696 · ECE House, Main Building, 28, Kasturba Gandhi Marg, New Delhi - 110001, India Tel. No.:91-11-66009400 · DLF Square, 4th floor Jarcaranda Marg DLF City, Phase II Gurgaon - 122002, Haryana, India · DLF Infinity Tower A Sector 25 A, DLF Phase II Gurgaon – 122002, Haryana, India Tel. No.:91-124-4338100 · Raheja Towers, Ground Floor, West Wing, 26-27 M. G. Road, Bangalore- 560001, Karnataka, India Tel. No.:91-80-66935500 · Brooke House, 9 Shakespeare Sarani, Calcutta- 700071, West Bengal, India Tel. No.:91-33-66009499 · Kothari Building, Ground floor 114, MG Road Chennai – 600034, Tamilnadu, India Tel. No.:91-44-66009400 · F4 and F5, Sector 18, Noida - 201301, Uttar Pradesh, India Tel. No.:91-120-4341100 · A-2, Ground Floor, Augrangabad Business Centre, Adalat Road, Dr. Rajendra Prasad Marg, Aurangabad – 431005, Maharashtra, India Tel. No.:91-240-6615600 · Deutsche Bank Centre, 221B/1B, 'E' Ward, Tarabai Park, Kolhapur – 416003, Maharashtra, India Tel. No.:91-231-6601300 · Ludhiana2, SCO 9-10, Green Park Avenue Canal Colony, Pakhowal Road Ludhiana-141002, Punjab, India Tel. No.:91-161-6624501 · Moradabad2, 8th Km. Stone, Delhi Road, Opposite Naya Moradabad Mangupura, Moradabad 244001, Uttar Pradesh, India Tel. No.: 91-591-6544401 · Pune, Suprem, Main ITI Road, Anudh Pune-411007, Maharashtra, India Tel No.: 91-20-66249000 · Salem, Venkalathri Nilayam 9-10, Yercaud Main Road Salem – 636008, Tamilnadu, India Tel. No.: 91-427-6457702 · Vellore, RJ Plaza, Kalpadi Main Road, Virudhampet Vellore – 632006, Tamilnadu, India Tel. No.: 91-416-6457710/ 6457711 |
MANAGEMENT
|
Name : |
Mr. Shrinath Balloju |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Avinash Prabhu |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Not Available
BUSINESS DETAILS
|
Line of Business : |
Providing International Financial Services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Reserve Bank of India |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskinb and Sells Chartered Accountants |
|
Address : |
Heritage, 3RD Floor, Near Gujarat Vidyapith, off Ashwan
Road, Ahmedabad – 380014, Gujarat, India
|
|
Tel. No.: |
91-79-27582542 / 27582543 |
|
Fax No.: |
91-79-27582551 |
|
|
|
|
Associate : |
Comfund Consulting Limited |
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|
|
|
Other related
parties of Deutsche Bank Group where common control exist at group level* : |
· Deutsche Securities (India) Private Limited · Deutsche Trustee Services (India) Private Limited · Deutsche Asset Management (India) Private Limited · Deutsche Investments India Private Limited · Deutsche Investor Services Private Limited · RREEF India Advisors Private Limited · Deutsche CIB Centre Private Limited · Deutsche Equities India Private Limited · Deutsche India Holdings Private Limited · DBOI Glabal Services Private Limited · Gemini Technology Services Inc. · B.V. Matura Handelmaatschappij · DB Servicios Mexico · S.A. de C.V. · Deutsche Investment Management Americas Inc. · Deutsche Bank (Mauritius) Limited · Deutsche Bank Securities Inc. · Deutsche International Corporate Services (Ireland) Limited · Deutsche Group Services Pry Limited · Finanza and Futuro Banca SpA · Deutsche Bank Limited, Moscow · Deutsche Securities Mauritius Limited, · Deutsche Securities Korea Company · Deutsche New Zealand Limited, · Deutsche Bank (China) Company Limited · Deutsche Bank Trust Company Americas · DB Services New Jersey, Inc. · Deutsche Bank National Trust Company · DB International (Asia) Limited, · DB Service Centre Limited, · Deutsche Bank, · Sociedad Anonima Espafiola · DWS Investment S.A., · Deutsche Bank Securities Limited, · Deutsche Bank (Malaysia) Berhad, · Deutsche Bank SA. - Banco Alemao, · DB HR Solutions GmbH, · DB Group Services (EURO), · Deutsche Bank Luxembourg S,A, · Deutsche Securities Inc., · Deutsche Bank Palska Spolka Akcyjna, · Deutsche Bank (Suisse) SA, · DB Energy Trading LLC, · Deutsche Bank Societa per Azioni · DWS Investment GmbH, · Deutsche Knowledge Services Pte. Limited · Manila Branch · Deutsche Asset Management investmentgesellschaft mbH vormsls · DEGEF Deutsche Gesellschaft fur Fondsverwaltuug mbH · Deutsche Bank (China) Company Limited, Beijing Branch · Deutsche Bank (China) Company Limited, Guangzhou Branch · Deutsche Bank (China) Company Limited, Shanghai Branch · DWS Holding and Service GmbH · Deutsche Bank Privat- und Geschaftskunden AG · DB Securities Services NJ Inc, · Hanoi Building Commercial Joint Stock Bank · DBOI Global Services (UK) Limited · Deutsche Bank Nederland N.V. · DB Consorzio S. Cons a r l · DB HedgeWorks LLC · Deutsche Bank S.A. / N.V. · DB Services Americas, Inc. · DB Global Processing Services, Inc · Deutsche Bank A.S. · Deutsche Bank International Limited · Deutsche Bank (Portugal), S.A. · Deutsche Bank Zartkoruen Mukodo Reszvenytarsasag · Deutsche Bank S.A. · Deutsche Asia Pacific Holdings Pte Limited · Deutsche Bank Saar AG |
CAPITAL STRUCTURE
As on 31.03.2012
|
Particulars |
Amount |
|
|
|
|
Amount of Deposit with Reserve Bank of India
(at face value) under Section 11 (2) (b) of the banking Regulation Act, 1949 |
Rs.9.150
Millions |
|
Head office Account (Including start-up
capital of Rs.2.000 Millions and remittances from Head Office) |
Rs.36.314
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
CAPITAL AND
LIABILITIES |
|
|
|
|
Capital |
36.315 |
36.314 |
36.314 |
|
Reserves and Surplus |
27.668 |
19.435 |
13.134 |
|
Deposits |
168.427 |
146.464 |
146.930 |
|
Borrowings |
12.702 |
48.079 |
49.647 |
|
Other Liabilities &
Provisions |
41.145 |
36.506 |
37.282 |
|
TOTAL |
286.257 |
286.798 |
283.307 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
Cash & Balances with RBI |
30.279 |
10.821 |
17.750 |
|
Balances with Banks & money
at Call & Short Notice |
3.568 |
3.583 |
0.998 |
|
Investments |
84.215 |
85.983 |
90.471 |
|
Advances |
125.489 |
142.938 |
129.228 |
|
Fixed Assets |
1.230 |
1.309 |
1.458 |
|
Other Assets |
41.476 |
42.164 |
43.402 |
|
TOTAL |
286.257 |
286.798 |
283.307 |
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
INCOME |
|
|
|
|
Interest Earned |
23.982 |
18.802 |
15.789 |
|
Other Income |
7.530 |
9.805 |
8.170 |
|
TOTAL |
31.512 |
28.607 |
23.959 |
|
|
|
|
|
|
EXPENDITURE |
|
|
|
|
Interest expended |
5.898 |
4.616 |
3.023 |
|
Operating Expenses |
10.552 |
11.234 |
9.584 |
|
Provisions & Contingencies |
6.828 |
6.454 |
6.908 |
|
TOTAL |
23.278 |
22.304 |
19.515 |
|
|
|
|
|
|
PROFIT |
|
|
|
|
Net Profit for the year |
8.233 |
6.301 |
4.463 |
|
Profit brought forward |
5.554 |
4.321 |
3.519 |
|
|
|
|
|
|
APPROPRIATION |
|
|
|
|
Transfer to statutory
reserve |
2.058 |
1.575 |
1.116 |
|
Transferred to/ (from)
investment reserve |
0.238 |
0.174 |
(0.073) |
|
Transferred to/ (from)
contingency reserve |
(0.633) |
0.000 |
0.000 |
|
Transferred to remittable
surplus remitted for CRAR requirements
|
4.552 |
3.320 |
2.618 |
|
Balance carried to Balance sheet |
7.571 |
5.554 |
4.321 |
|
TOTAL |
13.787 |
10.623 |
7.982 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
36.314 |
36.314 |
36.315 |
|
Reserves & Surplus |
13.134 |
19.435 |
27.668 |
|
Net
worth |
49.448 |
55.749 |
63.983 |
|
|
|
|
|
|
long-term borrowings |
283.307 |
286.798 |
286.257 |
|
Short term borrowings |
|
|
|
|
Total
borrowings |
283.307 |
286.798 |
286.257 |
|
Debt/Equity
ratio |
5.729 |
5.144 |
4.474 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
23.959 |
28.607 |
31.512 |
|
|
|
19.400 |
10.155 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
23.959 |
28.607 |
31.512 |
|
Profit |
4.463 |
6.301 |
8.233 |
|
|
18.63% |
22.03% |
26.13% |
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 |
No |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
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 |
|
LITIGATION DETAILS |
|||||||
|
Bench:- Bombay |
|||||||
|
Lodging No. : |
ITXAL/1701/2013 |
Failing Date:- |
11/10/2013 |
Reg. No.:- |
ITXA/2093/2013 |
Reg. Date:- |
25/10/2013 |
|
|
|||||||
|
Petitioner:- |
DIRECTOR OF INCOME TAX (IT) |
Respondent:- |
DEUTSCHE BANK A.G. |
||||
|
Petn.Adv:- |
TEJVEER SINGH MASTAN SINGH (0) |
|
|
||||
|
District:- |
MUMBAI |
||||||
|
|
|||||||
|
Bench:- |
DIVISION |
Category:- |
TAX APPEALS |
||||
|
Status:- |
Pre – Admission |
Stage:- |
|
||||
|
Last Date:- |
18/02/2014 |
|
|||||
|
Last Coram:- |
ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST |
||||||
|
|
|
||||||
|
Act. : |
Income Tax Act,1961 |
Under Section 260A |
|||||
BACKGROUND:
The accompanying financial statements for the
year ended 31 March 2012 comprise accounts of the India Branches of the India
Branch of Deutsche bank AG (the ‘Bank’) which is incorporated in Germany with
limited liability.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
CONTINGENT LIABILITIES:
(Rs. in Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
|
Claims against the Bank not acknowledge as
debts (including tax related matters) |
1.244 |
1.955 |
|
Liability on account of outstanding forward exchange
contracts |
4128.470 |
2634.953 |
|
Guarantee given on behalf of customers |
|
|
|
(a) In India |
62.353 |
51.481 |
|
(b) Outside India |
15.361 |
13.237 |
|
Acceptance endorsements and others
obligations |
102.149 |
64.673 |
|
Bill rediscounted |
58.953 |
22.507 |
|
Other item for which the Bank is
Continentally liable |
|
|
|
(a) Swaps |
5266.269 |
6215.482 |
|
(b) Options |
257.644 |
290.027 |
|
(c) Futures |
22.838 |
2.325 |
AS PER WEBSITE DETAILS:
PRESS RELEASE:
DEUTSCHE BANK NAMES
CO-HEAD OF FIXED INCOME
FEBRUARY 5, 2014,
LONDON – Deutsche Bank has chosen a veteran trader in London to serve as the new co-head of its fixed-income trading business.
Richard Herman, head of the bank’s institutional client group since 2008, will become co-head of the fixed-income and currency trading business alongside Zar Amrolia, according to an internal memorandum reviewed by DealBook.
“He will work closely with Zar to steer the FIC business through the new competitive and regulatory environment, bringing his wealth of experience with clients to the FIC franchise,” the memo said, referring to fixed income and currencies.
Mr. Herman, who is known as Rich, spent 15 years in trading before heading the institutional business. He will relocate to New York, where he will succeed Wayne Felson, who will focus on risk, capital, leverage and technology issues as a member of the bank’s executive committee for its corporate banking and securities business, the memo said.
Mr. Amrolia will remain in London.
Anshu Jain, the co-chief executive of Deutsche Bank, called the fixed-income business a “core franchise” last month.
Deutsche Bank reported a fourth-quarter loss of 965 million euros, or about $1.3 billion, last month. A drop in bond trading in the fourth quarter contributed to a 16 percent decline in its revenue.
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.62.13 |
|
|
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.84.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
64 |
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.