MIRA INFORM REPORT
|
Report Date : |
03.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GUNNEBO INDIA PRIVATE LIMITED (w.e.f.17.03.2011) |
|
|
|
|
Formerly Known
As : |
GUNNEBO INDIA LIMITED ALLWYN STEEL EQUIPMENT COMPANY LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 102, 1st Floor, Akruti SMC, LBS Marg, Khopat,
Thane - 400601, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
01.09.1932 |
|
|
|
|
Com. Reg. No.: |
11-001874 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 80.599
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27106MH1932PTC001874 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS7236D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Security Products and Solutions
comprising primarily Ofsafes, Lockers, Strong Room Doors and Fire
Extinguishers etc. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. Financial position of the company is good. No borrowings recorded by
the company. Trade relations are reported as fair. Business is active. Payment
terms 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.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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-COOPERATIVE
(CONTACT NO.: 91-22-67803500)
LOCATIONS
|
Registered /Head Office : |
Unit No. 102, 1st Floor, Akruti SMC, LBS Marg, Khopat,
Thane - 400601, Maharashtra, India |
|
Tel. No.: |
91-22-67803500 |
|
Fax No.: |
91-22-67803636/ 3535 |
|
E-Mail : |
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|
Website : |
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|
|
|
Branch Offices : |
Located at ·
Ahmedabad ·
·
Noida ·
Jaipur ·
·
Chennai ·
·
·
Kolkata ·
Bhubaneshwar ·
|
DIRECTORS
AS ON 23.09.2013
|
Name : |
Mr. William Mouat |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
05.01.1953 |
|
Date of Appointment : |
29.06.2004 |
|
DIN No.: |
00181328 |
|
|
|
|
Name : |
Mr. Sandeep Sadashiv Deshpande |
|
Designation : |
Managing Director |
|
Address : |
3-B Retreat II, Saraswati Road, Off Linking Road, Santacruz (West)
Mumbai -400054, Maharashtra, India |
|
Date of Birth/Age : |
20.03.1963 |
|
Qualification : |
B.E. (Elect) |
|
Experience : |
29 Years |
|
Date of Appointment : |
01.06.2011 |
|
|
AAZPD3040J |
|
DIN No.: |
03535186 |
|
|
|
|
Name : |
Mr. Sabyasachi Sengupta |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 06, Floor No. 2, Abhay CHS Plot No.40, Near Blue Diamond
Hotel, Sector 29, Vashi, Mumbai - 400070 Maharashtra, India |
|
Date of Birth/Age : |
09.08.1964 |
|
Qualification : |
B.Sc., ACA |
|
Experience : |
23 Years |
|
Date of Appointment : |
09.05.2011 |
|
|
ANFPS3118P |
|
DIN No.: |
02416638 |
|
|
|
|
Name : |
Mr. Dhananjay Sowani |
|
Designation : |
Director |
|
Address : |
7, Claymore Road, #20-04 Singapore - 229538 |
|
Date of Birth/Age : |
15.11.1958 |
|
Date of Appointment : |
25.01.2011 |
|
DIN No.: |
00317056 |
KEY EXECUTIVES
|
Name : |
Ms. Anita Agrawal |
|
Designation : |
Secretary |
|
Address : |
B-302, Gunina CHS, Plot Nos. 2 and 3, Sector – 16A, Sanpada, Navi
Mumbai – 400705, Maharashtra, India |
|
Date of Birth/Age : |
21.04.1976 |
|
Date of Appointment : |
01.09.2011 |
|
PAN No.: |
AIAPA1978R |
|
|
|
|
Name : |
Saumyajit Gangopadhyay |
|
Designation : |
Senior Vice President – Bank Security and Secure Storage |
|
|
|
|
Name : |
F x Singgih |
|
Designation : |
Vice President – Halol Plant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.09.2013
|
Names of Equity Shareholders |
|
No. of Shares |
|
Gunnebo AB, Gottenburg |
|
54961 |
|
Gunnebo Holding ApS, Denmark |
|
4909 |
|
Gunnebo AB, Gottenburg |
|
2 |
|
Gunnebo AB, Gottenburg |
|
2 |
|
Gunnebo AB, Gottenburg |
|
2 |
|
Gunnebo AB, Gottenburg |
|
2 |
|
Gunnebo AB, Gottenburg |
|
2 |
|
|
|
|
|
Total |
|
59880 |
|
Names of Preference Shareholder |
|
No. of Shares |
|
Gunnebo AB, Gottenburg |
|
8000000 |
|
|
|
|
|
Total |
|
8000000 |
AS ON 23.09.2013
|
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 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Security Products and Solutions
comprising primarily Ofsafes, Lockers, Strong Room Doors and Fire
Extinguishers etc. |
||||||
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|
||||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
· Indian Overseas Bank Kalupur Circle Branch, Kalupur, Ahmedabad, Gujarat, India |
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|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Mumbai |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Holding company : |
Gunnebo AB ,
Sweden |
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|
|
|
Fellow Subsidiary company : |
· Gunnebo Markersdorf GmbH · Gunnebo Entrance Control Inc. · Gunnebo Electronic Security · Gunnebo Malaysia Sdn Bhd · Gunnebo UK Limited · Gunnebo Perimeter Protection GmbH · Gunnebo Middle East FZE · Gunnebo Entrance Control Limited · Gunnebo Entrance Control Spa. · Gunnebo Gateway AB · Gunnebo Salzgitter GmbH · P.T. Chubb Safes Indonesia · Gunnebo Singapore Pte Limited · Gunnebo Doetinchem B.V. ·
Gunnebo France |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 155.000 Millions |
|
44,500,000 |
Preference Shares |
Rs. 10/- each |
Rs. 445.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 600.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59,880 |
Equity Shares |
Rs. 10/- each |
Rs. 0.599
Million |
|
8,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 80.000
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 80.599 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 |
80.599 |
80.599 |
325.599 |
|
(b) Reserves & Surplus |
816.075 |
424.870 |
173.845 |
|
(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) |
896.674 |
505.469 |
499.444 |
|
|
|
|
|
|
(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 |
11.069 |
16.270 |
14.207 |
|
Total
Non-current Liabilities (3) |
11.069 |
16.270 |
14.207 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
403.167 |
373.975 |
296.755 |
|
(c)
Other current liabilities |
44.799 |
60.299 |
67.071 |
|
(d)
Short-term provisions |
146.742 |
98.318 |
67.707 |
|
Total
Current Liabilities (4) |
594.708 |
532.592 |
431.533 |
|
|
|
|
|
|
TOTAL |
1502.451 |
1054.331 |
945.184 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
300.267 |
178.972 |
129.018 |
|
(ii)
Intangible Assets |
0.010 |
1.213 |
2.530 |
|
(iii)
Capital work-in-progress |
2.971 |
47.700 |
27.794 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.051 |
|
(c) Deferred tax assets
(net) |
27.767 |
23.339 |
1.198 |
|
(d) Long-term Loan
and Advances |
20.278 |
14.606 |
7.413 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
351.293 |
265.830 |
168.004 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
138.186 |
128.288 |
107.577 |
|
(c)
Trade receivables |
296.660 |
252.737 |
199.643 |
|
(d)
Cash and cash equivalents |
663.772 |
370.876 |
444.733 |
|
(e)
Short-term loans and advances |
40.750 |
30.847 |
18.494 |
|
(f)
Other current assets |
11.790 |
5.753 |
6.733 |
|
Total
Current Assets |
1151.158 |
788.501 |
777.180 |
|
|
|
|
|
|
TOTAL |
1502.451 |
1054.331 |
945.184 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
2842.460 |
2135.950 |
1623.530 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2245.434 |
1800.220 |
1383.303 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
597.026 |
335.730 |
240.227 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
205.587 |
84.471 |
67.464 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
391.439 |
251.259 |
172.763 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
48.57 |
31.17 |
5.31 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
13.77 |
11.76 |
10.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
40.57 |
34.14 |
26.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.67 |
0.66 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94 |
1.48 |
1.80 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
325.599 |
80.599 |
80.599 |
|
Reserves & Surplus |
173.845 |
424.870 |
816.075 |
|
Net
worth |
499.444 |
505.469 |
896.674 |
|
|
|
|
|
|
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 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1623.530 |
2135.950 |
2842.460 |
|
|
|
31.562 |
33.077 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1623.530 |
2135.950 |
2842.460 |
|
Profit |
172.763 |
251.259 |
391.439 |
|
|
10.64% |
11.76% |
13.77% |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
CORPORATE INFORMATION
Gunnebo India Private Limited (GIPL) is a wholly owned subsidiary of Gunnebo AB, Sweden. The company is engaged in providing safety and security solutions. It manufactures secure storage and fire fighting products from its manufacturing unit in Halol. Whenever required products are procured from other sources to meet market needs. The company has an active after sales service network which caters to various service needs in the security domain where Gunnebo is active.
PERFORMANCE REVIEW
In the year, the sales and other income were higher by 33%
at Rs 2842.460 millions as compared to Rs. 2135.950 millions in the previous
year. Profit before exceptional items and tax was higher at Rs. 597.030
millions as compared to Rs. 335.730 millions in the previous year.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Disputed Income Tax Matter pending in appeal relating to issues
of deductibility, taxability and capital gains |
59.847 |
48.229 |
|
Disputed Sales Tax and excise duty matters relating to
issues of applicability and classification |
5.791 |
20.134 |
|
Other Claims against the Company not acknowledged as debt |
23.354 |
28.129 |
|
Bank Guarantees |
1.052 |
2.367 |
|
Arrears of dividend on cumulative preference shares Future cash outflows in respect of above matters are
determinable only on receipt of judgments / decisions pending at various
forums / authorities. |
28.000 |
22.400 |
|
|
|
|
|
Total |
118.044 |
121.259 |
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Office equipment
· Computer equipments
· Other equipments
· Leasehold improvements
· 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. 59.14 |
|
|
1 |
Rs. 99.02 |
|
Euro |
1 |
Rs. 80.63 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.