MIRA
INFORM REPORT
|
Report Date : |
10.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
GLOBEGROUND INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-9, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
05.05.1999 |
|
|
|
|
Com. Reg. No.: |
55-099630 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 205.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U06393DL1999PTC099630 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG8313K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in business of providing ground handling services inclusive
of all type of cargo and passenger handling services to airlines at Bangalore
international Airport. |
|
|
|
|
No. of Employees
: |
900 (Approximetly) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of balance sheet ( i.e.
financial filed) is shown as 31.03.2013 but the documents related to the
financials of 2012 and 2013 are not available from any source. However rating takes into consideration experience of promoters and
established track record of operation. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealing at usual trade
terms and conditions. Note- Partial information taken from external source (Care website) |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST
Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles from
its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
21.04.2014 |
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 (General Details)
|
Name : |
Mr. Himanshu |
|
Designation : |
Account Manager |
|
Contact No.: |
91-11-30417707 |
|
Date : |
07.07.2014 |
LOCATIONS
|
Registered Office : |
E-9, Connaught House, Connaught
Place, New Delhi-110001, India |
|
Tel. No.: |
91-11-30417707 / 23418199 |
|
Fax No.: |
91-11-23410313 |
|
E-Mail : |
|
|
|
|
|
Branches : |
Located at: Bengalure International Airport Dwanahalli,
Bengaluer – 560300, India |
DIRECTORS
AS ON 25.09.2013
|
Name : |
Ms. Radha Vijay Bhatia |
|
Designation : |
Director |
|
Address : |
B-6/5, Vasant Vihar,
New Delhi-110057, India |
|
Date of Appointment : |
05.05.1999 |
|
DIN No.: |
00003385 |
|
|
|
|
Name : |
Mr. Gaurav Vijay Bhatia |
|
Designation : |
Whole Time Director |
|
Qualification : |
Engineer |
|
Address : |
B-6/5, Vasant Vihar,
New Delhi-110057, India |
|
Date of Appointment : |
03.03.000 |
|
DIN No.: |
00911852 |
KEY EXECUTIVES
|
Name : |
Ms. Shilpa Rungta |
|
Designation : |
Secretary |
|
Address : |
C – 2/10, Prashant Vihar,
Delhi – 110085, India |
|
Date of Appointment : |
01.04.1907 |
|
PAN No.: |
AEAPG6782P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Radha Bhatia |
|
857500 |
|
Vijay Bhatia |
|
100 |
|
Gaurav Bhatia |
|
24400 |
|
Radha Bhatia J/W Ankur Bhatia |
|
61250 |
|
Bird Consultancy Services Private Limited |
|
1045500 |
|
Radha Bhatia J/W Gaurav Bhatia |
|
61250 |
|
Total
|
|
2050000 |
AS ON 25.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
51.00 |
|
Directors
or relatives of directors |
|
49.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of providing ground handling services
inclusive of all type of cargo and passenger handling services to airlines at
Bangalore international Airport. |
|
|
|
|
Imports : |
|
|
Products : |
Spare Parts |
|
Countries : |
Middle East |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers |
|||||||||||||||
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|
|||||||||||||||
|
No. of Employees : |
900 (Approximetly) |
|||||||||||||||
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|||||||||||||||
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Bankers : |
·
Vijaya Bank, 17, Barakhamba Road, Vijaya
Building, New Delhi-110001, India |
|||||||||||||||
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|
|||||||||||||||
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Facilities : |
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|
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Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batlibol and Associates Chartered Accountant |
|
Address : |
Golf View Corporate Tower – B, Sector Road, Gurgaon
– 122002, Haryana, India. |
|
PAN No.: |
AABFS3421N |
|
|
|
|
Ultimate Holding
Company: |
·
Deutsche Luftansa AG /
Lufthansa German Airlines (Until 22nd December 2009) |
|
Holding Company: |
·
GGG Service for Airlines GmbH, Germany (‘GGGs) (Until
22nd December, 2009) ·
Bird Consultancy Services Private Limited (From 23rd December, 2009) |
|
|
|
|
Fellow
Subsidiaries |
·
Lufthansa Cargo A.G. (Until 22nd December, 2009) ·
GlobeGround Berlin GmbH (Until 22nd December, 2009) ·
Lufthansa Leos (Until 22nd December, 2009) ·
Jade Cargo International GmbH (Until 22nd December, 2009) ·
Aerologic Bmbh (Until 22nd December, 2009) |
CAPITAL STRUCTURE
AS ON 25.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs. 100/- each |
Rs.250.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2050000 |
Equity Shares |
Rs. 100/-
each |
Rs.205.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
205.000 |
205.000 |
205.000 |
|
|
2] Reserves & Surplus |
106.455 |
85.280 |
40.255 |
|
|
3] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
311.455 |
290.280 |
245.255 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
439.488 |
612.447 |
380.010 |
|
|
2] Unsecured Loans |
0.000 |
10.354 |
346.359 |
|
|
TOTAL BORROWING |
439.488 |
622.801 |
726.369 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
750.943 |
913.081 |
971.624 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
421.482 |
497.876 |
625.722 |
|
|
Capital work-in-progress |
1.884 |
21.821 |
18.799 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
33.909 |
34.464 |
37.714 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
121.822
|
137.899 |
170.607 |
|
|
Cash & Bank Balances |
14.985
|
62.872 |
12.772 |
|
|
Other Current Assets |
0.358
|
0.634 |
0.167 |
|
|
Loans & Advances |
233.815
|
236.582 |
226.228 |
|
Total
Current Assets |
370.980
|
437.987 |
409.774 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
52.870
|
58.988 |
95.871 |
|
|
Other Current Liabilities |
19.410
|
16.204 |
16.561 |
|
|
Provisions |
5.032
|
3.875 |
7.953 |
|
Total
Current Liabilities |
77.312
|
79.067 |
120.385 |
|
|
Net Current Assets |
293.668
|
358.920 |
289.389 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
750.943 |
913.081 |
971.624 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
504.814 |
679.646 |
723.412 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
|
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
|
|
|
|
|
Employees benefits expense |
|
|
|
|
|
|
Other expenses |
|
|
|
|
|
|
TOTAL |
364.842 |
477.698 |
612.037 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
139.971 |
201.948 |
111.375 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
106.242 |
131.673 |
141.619 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
33.729 |
70.275 |
(30.244) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
12.554 |
25.250 |
(17.013) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
21.175 |
45.025 |
(13.231) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
78.281 |
33.255 |
46.486 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
99.455 |
78.280 |
33.255 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
|
Cargo Documents,Ground and Passenger
Handling |
0.000 |
290.057 |
397.456 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Capital Goods |
0.000 |
0.000 |
149.935 |
|
|
|
Spares / Consumables |
0.000 |
0.560 |
1.000 |
|
|
|
TOTAL IMPORTS |
0.000 |
0.560 |
150.935 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
10.33 |
21.96 |
(0.00) |
|
(Rs. In
Millions)
|
Particular |
|
|
31.03.2013 |
|
Operating Income |
|
|
482.500 |
|
Profit Before Depreciation and Tax |
|
|
175.000 |
|
Profit After Tax |
|
|
54.300 |
Above information taken from indirect source i.e. CARE
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.19
|
6.62 |
(2.16) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.26
|
7.51 |
(2.92) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.24 |
(0.12) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.411
|
2.15 |
2.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.80
|
5.76 |
3.40 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
205.000 |
205.000 |
205.000 |
|
Reserves & Surplus |
40.255 |
85.28 |
106.455 |
|
Net worth |
245.255 |
290.280 |
311.455 |
|
|
|
|
|
|
long-term borrowings |
380.010 |
612.447 |
439.488 |
|
Short term borrowings |
346.359 |
10.354 |
0.000 |
|
Total borrowings |
726.369 |
622.801 |
439.488 |
|
Debt/Equity ratio |
2.962 |
2.146 |
1.411 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
723.412 |
679.646 |
504.814 |
|
|
|
(6.050) |
(25.724) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
723.412 |
679.646 |
504.814 |
|
Profit / (Loss) |
(13.231) |
45.025 |
21.175 |
|
|
(1.83%) |
6.62% |
4.19% |
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 |
Yes |
|
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 |
Yes |
|
20] |
Export /
Import details (if applicable) |
Yes |
|
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 |
No |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
Yes |
UNSECURED LOANS:
|
Particular |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
in Millions) |
|
Rupee term loans bank
unsecured |
0.000 |
8.240 |
|
Intrest accrued due unsecured loans |
0.000 |
2.113 |
|
Total |
0.000 |
10.353 |
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10120483 |
19/03/2011 * |
57,300,000.00 |
Vijaya Bank |
17, Barakhamba Road, New Delhi, Delhi - 110001, INDIA |
B10215200 |
FIXED ASSETS
·
Temporary Structures
·
Leasehold Improvements
·
Office Equipments
·
Safety Equipments
·
Air Conditioners
·
Data Processing
Equipments
·
Electric Equipments /
Fittings
·
Furniture and Fittings
·
Motor Vehicles
·
Plant and Machinery
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. 59.79 |
|
|
1 |
Rs. 102.42 |
|
Euro |
1 |
Rs. 81.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.