MIRA
INFORM REPORT
|
Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
RISO
INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
702, Madhuban Building,
55, Nehru Place, New Delhi – 110 019 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.06.1998 |
|
|
|
|
Com. Reg. No.: |
55-094562 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.63.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30000DL1998PTC094562 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR13520D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR4540C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in selling of office automation products such as digital duplicator
machines and related consumables, spares and accessories. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 485000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having moderate track record. The rating is constrained
on account of company’s moderate financial risk profile by thin profitability
levels and low reserves of the company. However, trade
relations are fair. Business is active. Payment terms are slow but correct. The company can
be considered for business dealing with some caution. |
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
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 BY
|
Name : |
Mr. Sanjay Sharma |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9811366590 |
|
Date : |
27.05.2014 |
LOCATIONS
|
Registered Office : |
702, Madhuban Building,
55, Nehru Place, New Delhi – 110 019, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9811366590 (Mr. Sanjay Sharma) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Corporate Office : |
B-3, Sector-4, Noida – 201 301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4721300 |
|
Fax No.: |
91-120 4281668 |
|
E-Mail : |
|
|
|
|
|
East Support Office
: |
202, Sagar Trade Cube, 104, S.P. Mukherjee Road, Kolkata –
700 026 West Bengal, India |
|
Tel. No.: |
91-33-40605004 |
|
E-Mail : |
|
|
|
|
|
West Support Office
: |
403, 4th Floor Corporate House, Opposite
Torrent House, Near Nirma House Off Ashram Road, Ahmedabad – 380 009,
Gujarat, India |
|
Tel. No.: |
91-79-27541568 |
|
E-Mail : |
|
|
|
|
|
South Support
Office : |
Plot No.23, 1st Floor, S.V. Towers Sikh Road,
Vigneshwara CHS Diamond Point (Thokatta), Secunderabad – 500 008 Andhra
Pradesh, India |
|
Tel. No.: |
91-40-40203008 |
|
E-Mail : |
|
|
|
|
|
Warehouse : |
Care of Fedex Express Transportation and SCS, D16/1, Okhla Industrial
Area, Phase II, New Delhi – 110 020, India |
DIRECTORS
AS ON 22.08.2013
|
Name : |
Mr. Sanjeev Madan |
|
Designation : |
Managing Director |
|
Address : |
E-41, Sector - 30, Noida – 201 303, Uttar Pradesh, India |
|
Date of Birth/Age : |
14.09.1960 |
|
Date of Appointment : |
19.04.2007 |
|
DIN No.: |
00167447 |
|
PAN No.: |
AAAPM5718R |
|
|
|
|
Name : |
Mr. Koji Taniguchi |
|
Designation : |
Director |
|
Address : |
2-13-1-316, Nakase Kawasaki, Kanagawa – 2100881, |
|
Date of Birth/Age : |
28.07.1965 |
|
Date of Appointment : |
28.08.2008 |
|
DIN No.: |
02237080 |
|
|
|
|
Name : |
Mr. Yasuhiro Takahashi |
|
Designation : |
Director |
|
Address : |
1881-96, Ami – Machi Inashiki – Gun Ibaraki – 3000331, Japan |
|
Date of Birth/Age : |
21.08.1954 |
|
Date of Appointment : |
24.05.2010 |
|
DIN No.: |
03090453 |
|
|
|
|
Name : |
Mr. Soichiro Hashimoto |
|
Designation : |
Additional Director |
|
Address : |
3-8-15-410, Kishiya Tsurumi-Ku Yokohama, Kanagawa, Japan 2300078 |
|
Date of Birth/Age : |
28.10.1961 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
06559750 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Gupta |
|
Designation : |
Secretary |
|
Address : |
39, Chandra Vihar, Opposite Balaknath Temple, Near I.P. Extension,
Patparganj, Delhi – 110 092, India |
|
Date of Birth/Age : |
11.05.1971 |
|
Date of Appointment : |
19.04.2007 |
|
PAN No.: |
AESPG7232E |
MAJOR SHAREHOLDERS
AS ON 22.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Riso Kagaku Corporation, Japan |
|
6299900 |
|
Riso Okinawa Corporation, Japan |
|
100 |
|
Total |
|
6300000 |
AS ON 22.08.2013
|
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 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in selling of office automation products such as digital duplicator machines
and related consumables, spares and accessories. |
||||||||||||||||
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|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
|
|
|
|
Bankers : |
Not Available |
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|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B.S.S.R. and Company Chartered Accountants |
|
Address : |
Gurgaon, Haryana, India |
|
|
|
|
Holding Company : |
Riso Kagaku Corporation, Japan |
CAPITAL STRUCTURE
AS ON 22.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6300000 |
Equity Shares |
Rs.10/- each |
Rs.63.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6300000 |
Equity Shares |
Rs.10/- each |
Rs.63.000 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 |
63.000 |
63.000 |
63.000 |
|
(b) Reserves & Surplus |
58.212 |
54.680 |
58.212 |
|
(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) |
121.212 |
117.680 |
121.212 |
|
|
|
|
|
|
(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 |
3.344 |
2.539 |
2.356 |
|
Total Non-current
Liabilities (3) |
3.344 |
2.539 |
2.356 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
111.914 |
107.743
|
104.444 |
|
(c)
Other current liabilities |
24.909 |
24.868
|
22.563 |
|
(d) Short-term
provisions |
0.392 |
0.238
|
0.000 |
|
Total Current
Liabilities (4) |
137.215 |
132.849 |
127.007 |
|
|
|
|
|
|
TOTAL |
261.771 |
253.068 |
250.575 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
6.356 |
6.809 |
8.286 |
|
(ii)
Intangible Assets |
0.133 |
0.090 |
0.009 |
|
(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) |
3.089 |
2.538 |
2.014 |
|
(d) Long-term Loan and Advances |
5.279 |
5.732 |
3.929 |
|
(e) Other
Non-current assets |
0.225 |
0.253 |
0.239 |
|
Total Non-Current
Assets |
15.082 |
15.422 |
14.477 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
66.825 |
64.039
|
51.625 |
|
(c)
Trade receivables |
76.766 |
56.192
|
95.462 |
|
(d) Cash
and cash equivalents |
84.225 |
103.275
|
77.587 |
|
(e)
Short-term loans and advances |
16.204 |
12.123 |
11.238 |
|
(f)
Other current assets |
2.669 |
2.017 |
0.186 |
|
Total
Current Assets |
246.689 |
237.646 |
236.098 |
|
|
|
|
|
|
TOTAL |
261.771 |
253.068 |
250.575 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
315.694 |
326.715 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
370.614 |
315.694 |
326.715 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
363.937 |
316.462 |
297.904 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
363.937 |
316.462 |
297.904 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
6.677 |
(0.768) |
28.811 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.995 |
3.267 |
3.014 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3.682 |
(4.035) |
25.797 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.151 |
(0.503) |
8.607 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3.531 |
(3.532) |
17.190 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Service Fee / Commission |
0.804 |
1.511 |
1.807 |
|
|
TOTAL EARNINGS |
0.804 |
1.511 |
1.807 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.56 |
(0.56) |
2.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.95 |
(1.12) |
5.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.42 |
(1.61) |
10.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
(0.03) |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.80 |
1.79 |
1.86 |
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 |
63.000 |
63.000 |
63.000 |
|
Reserves & Surplus |
58.212 |
54.680 |
58.212 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
121.212 |
117.680 |
121.212 |
|
|
|
|
|
|
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 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
326.715 |
315.694 |
370.614 |
|
|
|
(3.373) |
17.397 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
326.715 |
315.694 |
370.614 |
|
Profit |
17.190 |
(3.532) |
3.531 |
|
|
5.26% |
(1.12%) |
0.95% |
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 |
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 |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
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 |
Notes:
· The registered office of the company has been shifted from Flat No.503, 504 and 507, Mercantile House, 15, K.G. Marg, New Delhi – 110 001 to the present address w.e.f. 15.07.2008.
· No Charges Exist for Company.
COMPANY OVERVIEW:
The Company was
incorporated in June 1998 under the Companies Act, 1956 as a private limited
company. The main objective of the Company is to sell Riso products in India.
The Company is into the office automation product segment. Its product range
consists of mainly Digital Duplicator Machines and related consumables, spares
and accessories. The Company imports most of the traded items from its parent
company in Japan.
PERFORMANCE:
During the fiscal year
2012-13, the company achieved a total turnover of over Rs.354.000 millions (net
of taxes) which is higher by 15.5% from the previous year. Despite rupee
devaluation in early part of the year, the company managed to make a profit of
Rs.3.682 millions (before tax). The best part is that we succeed in overcoming
the loss of business (after moving away of old VIP partner) by getting more
business from existing as well as new RACP partners. Riso Kagaku Corporation,
Japan for their enormous support last year for various campaigns and
promotions. Because of their support, not only they could achieve a fairly good
sales, but to get back our MIF from old partners.
FUTURE PLANS AND OBJECTIVES:
·
The
company has very ambitious plans for next three years viz. 2013/14 – 2015/16.
The company is determined to grow the sales exponentially in these years.
·
The
company is in the mode of increasing its sales activities and expanding the
channel base.
·
The
company is aggressively participating in various Exhibitions and road-shows to
increase its customer base.
·
Various
promotions and campaigns are going on with the support from Riso Japan.
·
The
company has strategic plans to sell ComColor machines in the years to come.
FIXED ASSETS:
Tangible Assets
·
Plant and Machinery
·
Furniture and Fixtures
·
Leasehold Improvements
·
Vehicles
·
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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.59.06 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.80.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.