MIRA INFORM REPORT
|
Report Date : |
29.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
EBACO INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
18 Convent Road, Rishmond Town, Bangalore – 560025, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
13.09.1994 |
|
|
|
|
Com. Reg. No.: |
08-016225 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.11.108
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51504KA1994PTC016225 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRE00396E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the trading of Furniture and Fixtures. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Ebaco International Pte. Limited”. It is
an established company having moderate track record. Management has reported huge accumulated losses due to which the
company has eroded its net worth during 2013. The ratings also take into consideration the infusion of funds from
the part of promoters and the limited value adding nature of the business.
However, business is active. Payment terms are reported as slow. In view of support from its holding company, the subject can be
considered for business dealings on a safe and secured 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 (30.06.2013) |
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 for the fiscal third quarter ended September
2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9
billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and
moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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
|
Name : |
Mr. Atul Choudhary |
|
Designation : |
Finance Assistant Manager |
|
Contact No.: |
91-11-32516668 |
|
Date : |
20.02.2014 |
LOCATIONS
|
Registered Office : |
18 Convent Road, Rishmond Town, Bangalore – 560025,
Karnataka, India |
|
Tel. No.: |
91-1132053205 / 32053209 / 32516668 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Kh No. 383, 100 Feet Road, Near Canara Bank, Mehrauli - Gurgaon Road , Ghitorni, New Delhi – 110030, India Located at
|
DIRECTORS
AS ON 26.08.2013
|
Name : |
Mr. Rajiv Kapoor |
|
Designation : |
Director |
|
Address : |
22/18-A, Tilak Nagar, New Delhi, 110018, India |
|
Date of Birth/Age : |
20.01.1979 |
|
Date of Appointment : |
20.04.2006 |
|
DIN No.: |
00152662 |
|
|
|
|
Name : |
Mr. Joseph Dominic Savio Rasquinha |
|
Designation : |
Director |
|
Address : |
# 18, Convent
Road, Richmond Town, Bangalore - 560025, Karnataka, India |
|
Date of Birth/Age : |
02.07.1965 |
|
Date of Appointment : |
13.09.1994 |
|
DIN No.: |
00769779 |
|
|
|
|
Name : |
Mrs. Shobha Benedicta Rasquinha |
|
Designation : |
Director |
|
Address : |
# 302, Amber
Appartments, 3 Berlie Street, Langford Town, Bangalore - 560025, Karnataka,
India |
|
Date of Birth/Age : |
26.07.1969 |
|
Date of Appointment : |
13.09.1994 |
|
DIN No.: |
00779227 |
|
|
|
|
Name : |
Mr. Christopher Joseph Baur |
|
Designation : |
Director |
|
Address : |
61 Meyer Road, # 20-02, Singapore, 437885, Singapore |
|
Date of Birth/Age : |
26.04.1973 |
|
Date of Appointment : |
13.09.1994 |
|
DIN No.: |
02758268 |
|
|
|
|
Name : |
Mrs. Sunita Rasquinha |
|
Designation : |
Director |
|
Address : |
61, Meyer Road, #20-02, The Atria, Singapore, 437885, Singapore |
|
Date of Birth/Age : |
30.07.1951 |
|
Date of Appointment : |
13.09.1994 |
|
DIN No.: |
03108845 |
KEY EXECUTIVES
|
Name : |
Mr. Atul Choudhary |
|
Designation : |
Finance Assistant Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.08.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Ebaco International Pet
Limited, Singapore |
2,405 |
21.65 |
|
Joseph Dominic Savio Rasquinha |
242 |
2.18 |
|
Melanie Maria Pavate |
373 |
3.36 |
|
Christopher Joseph Baur |
547 |
4.92 |
|
Sunita Rasquinha |
7,541 |
67.89 |
|
TOTAL |
11,108 |
100.00 |
’
AS ON 26.08.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
21.65 |
|
Directors or relatives of Directors |
74.99 |
|
Others |
3.36 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the trading of Furniture and Fixtures. |
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
GENERAL INFORMATION
|
Customers : |
Dealer and Distributor |
|
|
|
|
No. of Employees : |
30 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Udyen Jain and Associates Chartered Accountant |
|
Address : |
S-14 , IIIrd Floor, Pandav Nagar, New Delhi-110092, India |
|
PAN No.: |
AACFU2367E |
|
|
|
|
Holding Company : |
Ebaco International Pte Limited |
|
|
|
|
Associates : |
Ebaco Far East Pte Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Shares |
Rs.1000/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11108 |
Equity Shares |
Rs.1000/-
each |
Rs. 11.108
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 |
11.108 |
1.840 |
1.840 |
|
(b) Reserves & Surplus |
(26.306) |
(11.374) |
(5.380) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
9.212 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
(15.198) |
(0.322) |
(3.540) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.000 |
2.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
11.212 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
2.000 |
2.000 |
11.212 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
59.923 |
42.020 |
40.951 |
|
(c) Other current liabilities |
2.597 |
0.460 |
6.714 |
|
(d) Short-term provisions |
2.330 |
4.182 |
5.967 |
|
Total
Current Liabilities (4) |
64.850 |
46.662 |
53.632 |
|
|
|
|
|
|
TOTAL |
51.652 |
48.340 |
61.304 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5.274 |
5.128 |
5.347 |
|
(ii) Intangible Assets |
0.005 |
0.009 |
0.000 |
|
(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) |
0.587 |
0.477 |
0.587 |
|
(d) Long-term Loan and
Advances |
2.486 |
3.110 |
2.525 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.630 |
|
Total
Non-Current Assets |
8.352 |
8.724 |
9.089 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
26.049 |
21.495 |
0.000 |
|
(c) Trade receivables |
10.571 |
13.494 |
21.221 |
|
(d) Cash and cash equivalents |
3.949 |
3.525 |
7.294 |
|
(e) Short-term loans and
advances |
1.907 |
1.102 |
5.085 |
|
(f) Other current assets |
0.824 |
0.000 |
18.615 |
|
Total
Current Assets |
43.300 |
39.616 |
52.215 |
|
|
|
|
|
|
TOTAL |
51.652 |
48.340 |
61.304 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
105.000 (Approximately
) |
119.673 |
152.381 |
|
|
Other Income |
NA |
12.854 |
0.539 |
|
|
TOTAL
(A) |
NA |
132.527 |
152.920 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Operating Expenses |
|
5.164 |
3.241 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
83.517 |
99.688 |
|
|
Employees benefits expense |
|
26.773 |
24.490 |
|
|
Administrative and Other
expenses |
|
21.254 |
22.133 |
|
|
TOTAL
(B) |
NA |
136.708 |
149.552 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
|
(4.181) |
3.368 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.475 |
0.036 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
(4.656) |
3.332 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
1.227 |
1.295 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
NA |
(5.883) |
2.037 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
NA |
0.111 |
-0.46 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
NA |
(5.994) |
2.497 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Job Work Charges |
5.855 |
11.554 |
NA |
|
|
TOTAL
EARNINGS |
5.855 |
11.554 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
38.276 |
6.170 |
NA |
|
|
TOTAL
IMPORTS |
38.276 |
6.170 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
-- |
(3,258.00) |
1,357.00 |
Expected Sales (2013-2014) : Rs. 150.000 Millions
The above information has been parted by Mr. Atul Choudhary.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
PAT / Total Income |
(%) |
NA |
(4.52) |
1.63 |
|
|
|
|
|
|
||
|
Net Profit Margin |
(%) |
NA |
(4.92) |
1.34 |
|
|
|
|
|
|
|
|
|
Return on Total Assets |
(%) |
NA |
(12.29) |
3.35 |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) |
|
NA |
18.27 |
-0.58 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
(0.13) |
(6.21) |
0.00 |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
0.67 |
0.85 |
0.97 |
|
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 |
1.840 |
1.840 |
11.108 |
|
Reserves & Surplus |
(5.380) |
(11.374) |
(26.306) |
|
Net
worth |
(3.540) |
(9.534) |
(15.198) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
2.000 |
2.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
2.000 |
2.000 |
|
Debt/Equity
ratio |
0.000 |
(0.210) |
(0.132) |
YEAR ON YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
152.381 |
119.673 |
|
|
|
(21.465) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
|
|
(INR) |
(INR) |
|
Sales |
152.381 |
119.673 |
|
Profit |
2.497 |
(5.994) |
|
|
1.64% |
(5.01)% |
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
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
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 |
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 |
FACILITIES
|
Unsecured Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Long Term
Borrowings |
|
|
|
New Horizon Development Private Limited |
2.000 |
2.000 |
|
|
|
|
|
TOTAL |
2.000 |
2.000 |
INDEX OF CHARGES -
No Charges Exist for Company
NOTE
The registered office address of the company has been shifted from
“No.302, Amber, 3 Berlie Street, Bangalore – 560025, Karnataka, India” to the
present address w.e.f. 02.06.2011
CORPORATE
INFORMATION
Subject and Indian company, was incorporated in
India as a Private Limited Company on 13th Day of September, 1994.
The company is engaged in the business of
trading of office furniture and flooring which are imported in to India from
outside India.
FIXED ASSETS
- Plant and Machinery
- Furniture and Fixtures
- Motor car
- Computers
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. 60.09 |
|
|
1 |
Rs. 99.84 |
|
Euro |
1 |
Rs. 82.57 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
14 |
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.