MIRA
INFORM REPORT
|
Report Date : |
26.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
HEIDELBERG INDIA PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
333, GST Road, Jameen Pallavaram,
Chrompet, Chennai – 600 044, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.05.1994 |
|
|
|
|
Com. Reg. No.: |
18-048384 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.190.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219TN1994PTC048384 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ASDFG8909G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of |
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|
|
|
No. of Employees
: |
Not Available [We tried to confirm the number of
employees but no one is ready to part any information from the company
management] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1667000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
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|
Litigation : |
Clear |
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|
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|
Comments : |
Subject is an
established company having a satisfactory track record. There seems some dip
in the profitability of the company during financial year 2013 however,
general financial position of the company is good. No borrowings
recorded by the company. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitment. The company can
be considered normal 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 – 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.
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 (PARTIAL DETAILS)
|
Name : |
Mr. Vijayan |
|
Designation : |
Export-Import Department |
|
Contact No.: |
91-44-43472000 |
|
Date : |
24.02.2014 |
LOCATIONS
|
Registered Office : |
333, GST Road, Jameen
Pallavaram, Chrompet, Chennai – 600 044, Tamilnadu, India |
|
Tel. No.: |
91-44-43472000 |
|
Fax No.: |
91-44-43472000 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Warehouse : |
C/o Expeditor Warehouse, Ponneri Taluka, 116, Devaneri Village Road, Chennai
– 600 067, Tamilnadu India |
|
|
|
|
Regional Office : |
Located at: ·
Mumbai ·
New Delhi ·
Bangalore ·
Kolkata |
DIRECTORS
AS ON 20.08.2013
|
Name : |
Mr. Klaus Bach Nielsen |
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|
Designation : |
Managing Director |
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|
Address : |
702, Regency Apartment,
Sardar Patel Road, Tharamani, Chennai – 600 113, Tamilnadu, India |
||||||||||||||||||
|
Date of Birth/Age : |
09.01.1969 |
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|
Date of Appointment : |
01.11.2007 |
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|
DIN No.: |
01889278 |
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|
Other Directorship:
|
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|
||||||||||||||||||
|
Name : |
Mr. Ravi Kannan |
||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||
|
Address : |
No.43 (17), Krishna Jayaram
Flat B - Flat, Thambia Road, West Mambalam, Chennai – 600 033, Tamilnadu,
India |
||||||||||||||||||
|
Date of Birth/Age : |
09.06.1968 |
||||||||||||||||||
|
Date of Appointment : |
01.11.2007 |
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|
DIN No.: |
01889320 |
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|
|
|
||||||||||||||||||
|
Name : |
Ralph Meschkat |
||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
237, Arcadia RD #06-04
Arcadia GDN, Singapore-289844 |
||||||||||||||||||
|
Date of Birth/Age : |
29.12.1968 |
||||||||||||||||||
|
Date of Appointment : |
01.04.2011 |
||||||||||||||||||
|
DIN No.: |
05205648 |
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|
|
|
||||||||||||||||||
|
Name : |
Rene Hedegaard Ludvigsen |
||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||
|
Address : |
Tower Park Condominium,
52/35, Sukhumvit Rd, Soi 3 Klongtoey Wattana, Thailand-10110 |
||||||||||||||||||
|
Date of Birth/Age : |
18.08.1965 |
||||||||||||||||||
|
Date of Appointment : |
30.05.2012 |
||||||||||||||||||
|
DIN No.: |
05308905 |
||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Vijayan |
|
Designation : |
Export-Import Department |
|
|
|
|
Name : |
Ms. Anusha Narasimhan |
|
Designation : |
Secretary |
|
Address : |
16/40, Aziz Nagar, 2nd
Street, Kodambakkam, Chennai – 600 024, Tamilnadu, India |
|
Date of Birth/Age : |
24.10.1979 |
|
Date of Appointment : |
01.04.2010 |
|
PAN No.: |
ADVPN5474F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Heidelberg
International A/s Denmark, Denmark |
|
18999999 |
|
Heidelberg International
A/s Denmark jointly with Heidelberg Asia Pte Limited, Denmark |
|
1 |
|
Total
|
|
19000000 |
AS ON 20.08.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Heidelberg Machine. |
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Products : |
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Imports : |
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Products : |
Finished Goods |
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|
Countries : |
Germany |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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|
|
|
Customers : |
Not Divulged |
|
|
|
|
No. of Employees : |
Not Available [We tried to confirm the number of
employees but no one is ready to part any information from the company
management] |
|
|
|
|
Bankers : |
Not Divulged |
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|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
R.G.N. Price and Company Chartered Accountants |
|
Address : |
Simpson's Buildings, Post
Box No.335, 861, Anna Salai, Chennai
– 600 002, Tamilnadu, India |
|
Tel. No.: |
91-44-28413633/
28583494/ 28544569 |
|
Fax No.: |
91-44-28544569 |
|
E-Mail : |
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|
PAN No.: |
AAAFR0651G |
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|
Ultimate
Holding Company: |
Heidelberger Druckmaschinen
Aktiengesellschaft, Germany |
|
|
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|
Holding
Company: |
Heidelberg
International Limited A/S Denmark |
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|
|
|
Fellow
Subsidiaries: |
·
Heidelberg Post Press Deutschland GmbH ·
Gallus Ferd Ruesch AG ·
Heidelberg Graphics Taiwan Limited Asia Pacific SSUC ·
Heidelberg HongKong Limited Asia Pacific SSUC ·
Heidelberg Graphics Equipment (Shanghai) Limited Co ·
Heidelberg Malaysia Sdn Bhd Asia Pacific SSUC ·
Heidelberg USA, Inc. America SSUC ·
Heidelberg Japan K.K. Asia Pacific SSUC ·
Heidelberger Druckmaschinen Deutschland ·
Heidelberg Postpress Deutschland GmbH ·
Heidelberg Taiwan Limited ·
Heidelberg Asia Pte. Limited ·
Heidelberg Australia |
CAPITAL STRUCTURE
AS ON 20.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
19000000 |
Equity Shares |
Rs.10/- each
|
Rs.190.000
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 |
190.000 |
190.000 |
190.000 |
|
(b) Reserves & Surplus |
226.648 |
274.798 |
260.831 |
|
(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) |
416.648 |
464.798 |
450.831 |
|
|
|
|
|
|
(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 |
0.000 |
|
(d) Long-term
provisions |
5.706 |
9.764 |
6.922 |
|
Total Non-current
Liabilities (3) |
5.706 |
9.764 |
6.922 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
32.685 |
72.027 |
84.799 |
|
(c)
Other current liabilities |
173.557 |
134.171 |
117.608 |
|
(d) Short-term
provisions |
321.060 |
316.947 |
299.936 |
|
Total Current
Liabilities (4) |
527.302 |
523.145 |
502.343 |
|
|
|
|
|
|
TOTAL |
949.656 |
997.707 |
960.096 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
17.824 |
65.668 |
59.355 |
|
(ii)
Intangible Assets |
0.244 |
0.380 |
0.497 |
|
(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 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
19.971 |
21.858 |
16.746 |
|
(d) Long-term Loan and Advances |
30.172 |
25.208 |
15.814 |
|
(e) Other
Non-current assets |
13.136 |
20.009 |
38.037 |
|
Total Non-Current
Assets |
81.347 |
133.123 |
130.449 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
34.037 |
58.448 |
31.814 |
|
(c)
Trade receivables |
99.715 |
107.085 |
78.600 |
|
(d) Cash
and cash equivalents |
408.306 |
371.500 |
421.297 |
|
(e)
Short-term loans and advances |
282.138 |
253.793 |
217.533 |
|
(f)
Other current assets |
44.113 |
73.758 |
80.403 |
|
Total
Current Assets |
868.309 |
864.584 |
829.647 |
|
|
|
|
|
|
TOTAL |
949.656 |
997.707 |
960.096 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
|
Income |
760.965 |
731.120 |
613.220 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
760.965 |
731.120 |
613.220 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
636.109 |
530.088 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
673.936 |
636.109 |
530.088 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
87.029 |
95.011 |
83.132 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
30.997 |
33.947 |
28.250 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
56.032 |
61.064 |
54.882 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission |
211.089 |
269.951 |
242.342 |
|
|
|
Service Income |
0.042 |
0.311 |
0.432 |
|
|
TOTAL EARNINGS |
211.131 |
270.262 |
242.774 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Spare Parts and Consumables |
172.783 |
115.955 |
103.062 |
|
|
|
Equipment |
25.594 |
9.761 |
8.326 |
|
|
|
Capital Goods |
1.674 |
49.775 |
1.728 |
|
|
TOTAL IMPORTS |
200.051 |
175.491 |
113.116 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
2.95 |
3.21 |
2.89 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
7.36
|
8.35 |
8.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.36
|
9.74 |
10.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.20 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65
|
1.65 |
1.65 |
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 |
190.000 |
190.000 |
190.000 |
|
Reserves & Surplus |
260.831 |
274.798 |
226.648 |
|
Net worth |
450.831 |
464.798 |
416.648 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
613.220 |
731.120 |
760.965 |
|
|
|
19.226 |
4.082 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
613.220 |
731.120 |
760.965 |
|
Profit |
54.882 |
61.064 |
56.032 |
|
|
8.95% |
8.35% |
7.36% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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 |
No |
|
20) Export / Import details (if
applicable) |
Yes |
|
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:
No Charges Exist for Company.
OPERATIONS:
The income of the company
has increased by 4% compared to the previous year. The increase in income can
be attributed to higher 3S sales. The sale of equipment in terms of units has
remained unchanged compared to previous year. The total expenditure has
increased by 6% mainly due to increase in input cost due to increase in
exchange rate and higher inflation. The company has remained profitable during
the current year, though the profits have decreased by 8 % compared to previous
year.
CONTINGENT LIABILITY:
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Income
Tax matters with dispute |
46.588 |
46.588 |
|
Service
Tax matters with dispute |
5.201 |
5.422 |
|
|
51.789 |
52.010 |
FIXED ASSETS:
Tangible Assets:
·
Furniture
and Fittings
·
Demonstration
Equipment
·
Office
Equipment
·
Computers
·
Motor
Vehicles
·
Service
Tools
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.61.97 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.