MIRA
INFORM REPORT
|
Report Date : |
07.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
BOBST INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gut No. 82, 124, 126 to 136 and 195 (Part) at and |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.08.1995 |
|
|
|
|
Com. Reg. No.: |
11-091771 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.235.310
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1995PTC091771 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEB02956C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB7295F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and sale of machines. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2400000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a satisfactory track record. There appears slight dip in profit of the company in 2013. However,
liquidity position of the company appears to be strong. Trade relation reported to be fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered 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.
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 DECLINED BY
|
Name : |
Mr. Pravin |
|
Designation : |
Accounts Executives |
|
Contact No.: |
91-20-39878000 |
|
Date : |
06.03.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Gut No. 82, 124, 126 to 136 and 195 (Part) at and |
|
Tel. No.: |
91-20-39878000/ 39878040 |
|
Fax No.: |
91-20-39878025/ |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 16.08.2013
|
Name : |
Mr. Jean Pascal Henri Bobst |
|
Designation : |
Director |
|
Address : |
CH. Des Cornalles 20, 1802, Corseaux, |
|
Date of Birth/Age : |
17.04.1965 |
|
Date of Appointment : |
23.05.2006 |
|
DIN No.: |
01308463 |
|
|
|
|
Name : |
Mr. Attilio Tissi |
|
Designation : |
Director |
|
Address : |
Riedlistrasse 27, 3168 Dudingen, 003168 |
|
Date of Birth/Age : |
15.11.1968 |
|
Date of Appointment : |
12.12.2011 |
|
DIN No.: |
05140557 |
|
|
|
|
Name : |
Mr. Philippe Alexandre Francois Milliet |
|
Designation : |
Director |
|
Address : |
Chemin De Leisis 24, 1009 Pully, Vaud Pully 001009 |
|
Date of Birth/Age : |
18.01.1963 |
|
Date of Appointment : |
12.12.2011 |
|
DIN No.: |
05140545 |
|
|
|
|
Name : |
Mr. Erik Henri Bothorel |
|
Designation : |
Director |
|
Address : |
9, Via Campagna, I-29100, Piacenza, Italy |
|
Date of Birth/Age : |
25.09.1962 |
|
Date of Appointment : |
16.07.2013 |
|
DIN No.: |
06633789 |
|
|
|
|
Name : |
Mr. Upendra Goraksha Deglurkar |
|
Designation : |
Director |
|
Address : |
901 Purshottam Apartments, Lane No.3 Off Bhandarkar Road, Pune –
411004, Maharashtra, India |
|
Date of Birth/Age : |
13.03.1967 |
|
Date of Appointment : |
09.11.2012 |
|
DIN No.: |
00902387 |
KEY EXECUTIVES
|
Name : |
Mr. Pravin |
|
Designation : |
Accounts Executives |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Bobst Group SA, Switzerland |
|
2353112 |
|
Bobst SA, |
|
2 |
|
|
|
|
|
Total |
|
2353114 |
Equity Share Break up (Percentage of Total Equity)
As on 16.08.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and sale of machines. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management
|
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Bankers : |
· Royal Bank of Scotland, 74, Sakhar Bhavan, 7th Floor, Nariman Point, Mumbai – 400021, Maharashtra, India · Citi Bank N. A., 1st floor, Onyx Tower, Near Westin Hotel, North Main Road, Koregaon Park,, Pune - 411001, Maharashtra, India |
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Facilities : |
|
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. V. Ghatalia and Associates Chartered Accountants |
|
Address : |
C-401, 4th Floor, |
|
Tel No.: |
91-20-66036000 |
|
Fax No.: |
91-20-66015900 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFS6921Q |
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|
|
|
Holding Company: |
·
Bobst Group SA |
|
|
|
|
Fellow
Subsidiaries: |
·
Bobst Mex SA (Formerly known as Bobst SA) ·
Bobst Italia SpA-Rotomec Division (Formerly known
as Bobst Group Italia SPA-Rotomec Division) ·
Bobst Italia SpA-Schiavi Division (Formerly known
as Bobst Group Italia SPA-Schiavi Division) ·
Bobst Manchester Limited (Formerly known as
General Vacuum Equipment Limited) ·
Bobst Latinoamerica do Sul Ltda (Formerly known
as Bobst Group Latinoamerica do Sul Ltda) ·
Bobst Lyon S.A.S. (Formerly known as Martin) ·
Bobst Malaysia SDN. BHD. (Formerly known as Bobst
Group Malaysia SDN. BHD.) ·
Bobst Grenchen AG (Formerly known as Asitrade AG) ·
Bobst Hong Kong Limited (Formerly known as Bobst
Group Hong Kong Limited) ·
Bobst (Shanghai) Limited ·
Bobst Group Trading SA ·
Bobst Bielefeld GmbH (Formerly known as Fischer
and Krecke GmbH) ·
BHS Group ·
Bobst (Thailand) Limited (Formerly known as Bobst
Group Thailand Limited) ·
Bobst North America, Inc (Formerly known as Bobst
Group North America, Inc) ·
Bobst CIS LLC |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2400000 |
Equity Shares |
Rs.100/- each |
Rs. 240.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2353114 |
Equity Shares |
Rs.100/- each |
Rs. 235.310
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 |
235.310 |
235.310 |
235.311 |
|
(b) Reserves & Surplus |
361.000 |
265.070 |
143.037 |
|
(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) |
596.310 |
500.380 |
378.348 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
12.040 |
12.940 |
8.557 |
|
(c) Other long term liabilities |
178.620 |
141.270 |
0.000 |
|
(d) long-term provisions |
0.540 |
0.540 |
0.000 |
|
Total Non-current Liabilities (3) |
191.200 |
154.750 |
8.557 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
14.080 |
10.420 |
30.222 |
|
(b) Trade payables |
0.000 |
0.000 |
142.074 |
|
(c) Other current
liabilities |
19.250 |
62.330 |
152.273 |
|
(d) Short-term provisions |
20.950 |
33.320 |
12.275 |
|
Total Current Liabilities (4) |
54.280 |
106.070 |
336.844 |
|
|
|
|
|
|
TOTAL |
841.790 |
761.200 |
723.749 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
299.310 |
253.210 |
244.567 |
|
(ii) Intangible Assets |
0.230 |
0.080 |
0.138 |
|
(iii) Capital
work-in-progress |
0.510 |
1.000 |
6.278 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.030 |
0.030 |
0.025 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
42.280 |
26.870 |
8.335 |
|
(e) Other Non-current assets |
1.170 |
0.880 |
0.878 |
|
Total Non-Current Assets |
343.530 |
282.070 |
260.221 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
259.310 |
314.830 |
276.964 |
|
(c) Trade receivables |
101.460 |
65.640 |
118.371 |
|
(d) Cash and cash
equivalents |
44.130 |
15.590 |
9.670 |
|
(e) Short-term loans and
advances |
68.340 |
53.270 |
47.747 |
|
(f) Other current assets |
25.020 |
29.800 |
10.776 |
|
Total Current Assets |
498.260 |
479.130 |
463.528 |
|
|
|
|
|
|
TOTAL |
841.790 |
761.200 |
723.749 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1122.870 |
1025.083 |
740.787 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
980.161 |
934.796 |
621.063 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
142.709 |
190.287 |
119.724 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
46.811 |
68.253 |
22.089 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
95.898 |
122.034 |
97.635 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
265.071 |
143.037 |
45.402 |
|
|
|
|
360.969 |
265.071 |
143.037 |
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
40.75 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
8.54
|
11.90 |
13.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.96
|
25.03 |
16.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.38 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.02
|
0.02 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
9.18
|
4.52 |
1.38 |
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 |
235.311 |
235.310 |
235.310 |
|
Reserves & Surplus |
143.037 |
265.070 |
361.000 |
|
Net
worth |
378.348 |
500.380 |
596.310 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
30.222 |
10.42 |
14.08 |
|
Total
borrowings |
30.222 |
10.420 |
14.080 |
|
Debt/Equity
ratio |
0.080 |
0.021 |
0.024 |
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 |
740.787 |
1025.083 |
1122.87 |
|
|
|
38.378 |
9.539 |
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 |
740.787 |
1025.083 |
1122.87 |
|
Profit |
97.635 |
122.034 |
95.898 |
|
|
13.18% |
11.90% |
8.54% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
NA |
0.000 |
129.357
|
|
|
|
|
|
|
Total |
NA |
0.000 |
129.357
|
|
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 |
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) |
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] |
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 |
REVIEW OF OPERATIONS:
The turnover during
the year showed a marginal improvement and was stood at Rs.1122.870 Millions as
against Rs. 1025.083 Millions in the previous year, registering an increase of
9.6%.
During the year,
raw material prices continued to show upward movement. Despite these increase,
your Company was able to show a Profit Before Tax of Rs 142.709 Millions as
against Rs. 190.287 Millions in the previous year.
During the year
the Profit After Tax was Rs.95.898 Millions as compared to Rs. 122.034 Millions
in the previous year.
After considering
the carried forward profit of Rs.265.071 Millions a balance of Rs.360.969
Millions was carried forward to Balance Sheet.
FUTURE OUTLOOK:
Barring unforeseen
circumstances coupled with stringent cost control the performance of the Company
in the current Financial Year is expected to be satisfactory.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10451621 |
25/09/2013 |
100,000,000.00 |
CITIBANK N. A. |
1ST FLOOR, ONYX
TOWER, NEAR WESTIN HOTEL, NORTH |
B85981769 |
FIXED ASSETS
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
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.61.32 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.84.19 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.