|
Report Date : |
07.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP ELEVATOR (INDIA) PRIVATE LIMITED [w.e.f. 15.03.2005] |
|
|
|
|
Formerly Known
As : |
|
|
|
|
|
Registered
Office : |
Plot No. 429, Functional Industrial Estate, Patparganj, Delhi-110092 |
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.02.1999 |
|
|
|
|
Com. Reg. No.: |
55-098162 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 881.620 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239DL1999PTC098162 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Subject is engaged in the business of Installation and Maintenance of
Elevators and Escalators |
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|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
- |
|
Maximum Credit Limit : |
USD 3682000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of Thyssenkrupp Elevator AG. It is an established company having satisfactory track record. Management
failed to file its financials of 2013 with government department. As per of
2012 company has performed well. It has successfully wiped out it accumulated
losses. Trade relations are to be fair. Business is active. Payment terms are
reported to be usually correct. In view of strong holding, the company can be considered normal 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current account
deficit narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million worth
of mobile-phone-based transactions by July 2013 compared to Rs.260 million in
September, 2012, according to Deloitte report. The number of transactions has
shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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
Management non co-operative [91-11-41770200]
LOCATIONS
|
Registered Office / Headquarter : |
Plot No. 429, Functional Industrial Estate, Patparganj, Delhi-110092,
India |
|
Tel. No.: |
91-11-41770200 / 41770228 |
|
Fax No.: |
91-11-41770300 |
|
E-Mail : |
|
|
|
|
|
Head Office : |
1007, Windfall, Sahar Plazfa, J.B. Nagar, Vardhan House, A-4, St No.3,
MIDC, Andheri (East), Mumbai-400093, Maharashtra, India |
|
|
|
|
Regional Office : |
Located At: ·
Mumbai ·
Kolkata ·
Guwahati ·
New Delhi ·
Chennai ·
Pondicherry ·
Bangalore ·
Goa ·
Pune |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Vyomesh Tansukhlal Rajani |
|
Designation : |
Managing Director |
|
Address : |
18/61, Silver Sand Apartments Oshiwara, Jogeshwari (West),
Mumbai-400102, Maharashtra, India |
|
Date of Birth/Age : |
22.04.1958 |
|
Date of Appointment : |
18.11.2008 |
|
Pan No.: |
AAAPR8062P |
|
Din No.: |
02012564 |
|
|
|
|
Name : |
Mr. Heinrich Dickens |
|
Designation : |
Director |
|
Address : |
Flat No.501, 502, Karma 15, Road, Khar (West), Mumbai-411001,
Maharashtra, India |
|
Date of Birth/Age : |
06.10.1953 |
|
Date of Appointment : |
01.09.2010 |
|
Din No.: |
03287381 |
|
|
|
|
Name : |
Mr. Peter James Walker |
|
Designation : |
Director |
|
Address : |
House No.1, Stanley Court, 9, Stanley Mount Road, Stanley, Hong Kong |
|
Date of Birth/Age : |
09.11.1962 |
|
Date of Appointment : |
25.05.2005 |
|
Din No.: |
00784360 |
|
|
|
|
Name : |
Mr. Dara Nadirshaw Damania |
|
Designation : |
Director |
|
Address : |
11-Abbas Road, 11G.G., Thakar Road, Pune-411001, Maharashtra, India |
|
Date of Birth/Age : |
02.12.1936 |
|
Date of Appointment : |
21.05.2007 |
|
Din No.: |
00403834 |
KEY EXECUTIVES
|
Name : |
Ms. Garima Agarwal |
|
Designation : |
Secretary |
|
Address : |
A-11, Gaurav Apartments, IP Extension, Delhi-110092, India |
|
Date of Birth/Age : |
19.09.1983 |
|
Date of Appointment : |
30.05.2008 |
|
Pan No.: |
AFNPA1038E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Equity
Shares |
No. of
Preferences Shares |
|
Thyssenkrupp Elevator AG, Germany |
72211999 |
15950000 |
|
Eleg Europasche Lift and Escalator GmbH, Deutschland |
1 |
-- |
|
|
|
|
|
TOTAL
|
72212000 |
15950000 |
AS ON 28.09.2012
|
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 : |
Subject is engaged in the business of Installation and Maintenance of
Elevators and Escalators |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
|||||||||||||||
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|||||||||||||||
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Bankers : |
Citibank, Connaught Place, India |
|||||||||||||||
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|||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
B S R and Associates Chartered Accountants |
|
Address : |
Building No.18, 8th Floor Tower B, DLF Cyber City, Phase
II, Gurgaon, Haryana, India |
|
PAN No: |
AADFB6889R |
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|
|
|
Holding Company : |
ThyssenKrupp
Elevator AG |
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|
|
|
Ultimate Holding Company : |
ThyssenKrupp AG,
Germany |
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|
|
|
Fellow Subsidiaries : |
·
Thyssenkrupp Escalator Company (China) Limited ·
Thyssenkrupp Elevator (Shanghai) Company Limited ·
Thyssen Elevators Co. Limited ·
Thyssenkrupp Aufzugswerke GMBH ·
Thyssenkrupp Elevator Australia Pty Limited ·
Thyssenkrupp Elevator Ag, Asia Pacific Office ·
Uhde India Private Limited
[U74200MH1977PTC020041] ·
Thyssenkrupp Elevator Corp. USA ·
Thyssenkrupp USA, Inc. |
|
|
|
|
Associates / Subsidiaries : |
·
Eros Elevators and Escalators Private Limited
[U31909MH2010PTC200179] ·
Thyssenkrupp Elevator (BD) Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
77003600 |
Equity Shares |
Rs.10/- each |
Rs.770.036 Millions |
|
15950000 |
Preferences Shares |
Rs.10/- each |
Rs.159.500 Millions |
|
|
TOTAL
|
|
Rs.929.536
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
72212000 |
Equity Shares |
Rs.10/- each |
Rs.722.120
Millions |
|
15950000 |
Preferences Shares |
Rs.10/- each |
Rs.159.500
Millions |
|
|
TOTAL |
|
Rs.881.620 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 |
|
881.620 |
881.620 |
|
(b) Reserves & Surplus |
|
39.020 |
(99.170) |
|
(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) |
|
920.640 |
782.450 |
|
|
|
|
|
|
(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 |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
86.410 |
60.660 |
|
Total Non-current
Liabilities (3) |
|
86.410 |
60.660 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
251.200 |
0.000 |
|
(b)
Trade payables |
|
466.750 |
344.360 |
|
(c)
Other current liabilities |
|
1039.430 |
948.130 |
|
(d) Short-term
provisions |
|
79.920 |
43.550 |
|
Total Current
Liabilities (4) |
|
1837.300 |
1336.040 |
|
|
|
|
|
|
TOTAL |
|
2844.350 |
2179.150 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
214.710 |
167.360 |
|
(ii)
Intangible Assets |
|
68.260 |
92.020 |
|
(iii)
Capital work-in-progress |
|
27.080 |
10.310 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
214.800 |
5.650 |
|
(c) Deferred tax
assets (net) |
|
176.880 |
122.920 |
|
(d) Long-term Loan and Advances |
|
117.680 |
62.820 |
|
(e) Other
Non-current assets |
|
8.650 |
12.050 |
|
Total Non-Current
Assets |
|
828.060 |
473.130 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
628.250 |
418.280 |
|
(c)
Trade receivables |
|
995.470 |
819.340 |
|
(d) Cash
and cash equivalents |
|
80.280 |
101.700 |
|
(e)
Short-term loans and advances |
|
141.340 |
204.590 |
|
(f)
Other current assets |
|
170.950 |
162.110 |
|
Total
Current Assets |
|
2016.290 |
1706.020 |
|
|
|
|
|
|
TOTAL |
|
2844.350 |
2179.150 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
881.620 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(167.086) |
|
|
NETWORTH |
|
|
714.534 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
30.000 |
|
|
TOTAL BORROWING |
|
|
30.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
744.534 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
245.574 |
|
|
Capital work-in-progress |
|
|
1.168 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
2.413 |
|
|
DEFERREX TAX ASSETS |
|
|
85.188 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
270.483 |
|
|
Sundry Debtors |
|
|
707.921 |
|
|
Cash & Bank Balances |
|
|
165.186 |
|
|
Other Current Assets |
|
|
161.292 |
|
|
Loans & Advances |
|
|
204.225 |
|
Total
Current Assets |
|
|
1509.107 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
250.776 |
|
|
Other Current Liabilities |
|
|
780.401 |
|
|
Provisions |
|
|
67.739 |
|
Total
Current Liabilities |
|
|
1098.916 |
|
|
Net Current Assets |
|
|
410.191 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
744.534 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
SALES |
3118.010 |
2582.922 |
2002.133 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
238.740 |
196.725 |
135.369 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
72.060 |
52.505 |
53.282 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
166.680 |
144.220 |
82.087 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
28.490 |
76.300 |
(31.026) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
138.190 |
67.920 |
113.113 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
NA |
NA |
23.970 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components & Spares Parts |
NA |
NA |
378.905 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.57 |
0.77 |
1.57 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.87
|
7.07 |
4.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.18 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.27
|
0.00 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10
|
1.27 |
1.37 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
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 |
-- |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
NOTE:
The registered office of the company has been shifted from Plot No. 330, Functional Industrial Estate, Patparganj, Delhi-110092, India to the present address w.e.f.21.12.2009.
OPERATIONS
PERFORMANCE:
Their Company has
achieved an impressive turnover of Rs. 3118.010 millions as compared to Rs.
2582.922 millions in previous year 2011-12, thereby registering a growth of
20%. The company hopes to achieve the same growth in the coming year also. The
profit before depreciation is Rs. 238.730 millions.
FIXED ASSETS:
·
Freehold Land
·
Building
·
Leasehold Improvement
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment’s
·
Computers
·
Goodwill
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 records 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.62.33 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.84.62 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.