MIRA INFORM REPORT
|
Report Date : |
03.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
ISS FACILITY SERVICES INDIA PRIVATE LIMITED ISS INTEGRATED FACILITY SERVICES PRIVATE LIMITED AMALGAMATED With ISS FACILITY
SERVICES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
The Qube, C.T.S. No. 1498 A/2, M.V. Road, Marol, Andheri (East),
Mumbai – 400059, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.12.2013 |
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Date of
Incorporation : |
02.06.2005 |
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Com. Reg. No.: |
11-163481 |
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Capital
Investment / Paid-up Capital : |
Rs. 373.707 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH2005PTC163481 |
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|
|
PAN No.: [Permanent Account No.] |
AABCI3815M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Housekeeping and Facility management services. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Exists |
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Comments : |
Subject is a subsidiary of ISS Global A/S, Canada It is an established company having satisfactory track The company possesses an acceptable financial profile marked by adequate
networth base and comfortable capital structure with secured short term
borrowing from one of the member in order to satisfy the modest working
capital requirements. Management has witnessed a networthy improvement in its revenue,
whereas has reported a loss from its operations during FYE December 2013 However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. In view of experienced management and strong parentage, the company
can be considered 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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce
business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON – COOPERATIVE (91-22-61041111)
LOCATIONS
|
Registered Office Corporate Office
: |
The Qube, C.T.S. No. 1498 A/2, M.V. Road, Marol, Andheri (East),
Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-6104111 |
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Fax No.: |
91-22-61041000 |
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E-Mail : |
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Website : |
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Region: |
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DIRECTORS
AS ON 30.06.2014
|
Name : |
Mr. Jolly Joseph Kochery |
|
Designation : |
Director |
|
Address : |
9th Floor Wing C-3 Flat No. 905 Oberoi Springs, (Excel
Indus) CTS No. 705 off Link Road Andheri (W), Mumbai, 400058, Maharashtra,
India |
|
Date of Appointment : |
03.12.2007 |
|
DIN No. : |
00176549 |
|
|
|
|
Name : |
Mr. Dennis Daugaard Andersen |
|
Designation : |
Director |
|
Address : |
3 Jervois Close #12-05, Singapore, 249099, France |
|
Date of Appointment : |
08.04.2011 |
|
DIN No. : |
03631504 |
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|
|
|
Name : |
Mr. Jan Andreas Thorling |
|
Designation : |
Director |
|
Address : |
73 Bukit Way Mont Timah, Singapore - 587768, India |
|
Date of Appointment : |
04.09.2013 |
|
DIN No. : |
06662845 |
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|
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|
Name : |
Mr. Thomas Hinnerskov |
|
Designation : |
Director |
|
Address : |
6 Jalan Pelangi, Singapore – 268323, India |
|
Date of Appointment : |
04.09.2013 |
|
DIN No. : |
06662860 |
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|
|
|
Name : |
Mr. Stanislos simon D’britto |
|
Designation : |
Director |
|
Address : |
B/203 2nd Flr, Vini Castle Adjoining Vini Garden, Society
Off LM Road Village, Mandapeshwar Borivali, Mumbai – 400103, Maharashtra,
India |
|
Date of Appointment : |
09.10.2013 |
|
DIN No. : |
06709938 |
KEY EXECUTIVES
|
Name : |
Mohammad Abdul Nadeem |
|
Designation : |
Secretary |
|
Date of Appointment : |
05.04.2013 |
|
PAN No.: |
ADTPN5526G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2014
|
Names of Shareholders |
No. of Shares |
|
ISS Global A/S |
37370701 |
|
Abhey Yograj Nominee of ISS Global |
1 |
|
Total |
37370702 |
As on 30.06.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Housekeeping and Facility management services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
Not Divulged |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
B S R and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1St Floor, Apollo Mills Compound, N M Joshi Marg, Mahalaxmi, Mumbai, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFB4734C |
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Holding company |
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|
Ultimate Holding
company |
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Subsidiary company: |
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Associate: |
[U74999TN1971PTC005996]
[U74920MH1985PTC036848]
|
CAPITAL STRUCTURE
As on 31.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs. 750.000 Millions |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37370702 |
Equity Shares |
Rs.10/- each |
Rs. 373.707
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.12.2013 (12 Months) |
31.12.2012 (9 Months) |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
373.707 |
373.707 |
373.707 |
|
(b) Reserves & Surplus |
1469.988 |
1325.341 |
1510.603 |
|
(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) |
1843.695 |
1699.048 |
1884.310 |
|
|
|
|
|
|
(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 |
90.027 |
0.000 |
0.425 |
|
Total
Non-current Liabilities (3) |
90.027 |
0.000 |
0.425 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
329.904 |
0.000 |
0.000 |
|
(b) Trade payables |
612.347 |
0.053 |
5.131 |
|
(c) Other current liabilities |
670.461 |
0.503 |
2.135 |
|
(d) Short-term provisions |
56.211 |
0.000 |
0.390 |
|
Total
Current Liabilities (4) |
1668.923 |
0.556 |
7.656 |
|
|
|
|
|
|
TOTAL |
3602.645 |
1699.604 |
1892.391 |
|
|
|
|
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|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
138.381 |
0.000 |
0.000 |
|
(ii) Intangible Assets |
552.962 |
0.000 |
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 |
103.849 |
548.387 |
740.828 |
|
(c) Deferred tax assets (net) |
137.685 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
295.263 |
1.519 |
1.036 |
|
(e) Other Non-current assets |
0.800 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1228.940 |
549.906 |
741.864 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1002.456 |
1002.456 |
1002.456 |
|
(b) Inventories |
13.703 |
0.000 |
0.000 |
|
(c) Trade receivables |
564.226 |
0.813 |
2.418 |
|
(d) Cash and cash equivalents |
291.742 |
2.808 |
3.101 |
|
(e) Short-term loans and
advances |
141.640 |
132.065 |
127.376 |
|
(f) Other current assets |
359.938 |
11.556 |
15.176 |
|
Total
Current Assets |
2373.705 |
1149.698 |
1150.527 |
|
|
|
|
|
|
TOTAL |
3602.645 |
1699.604 |
1892.391 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013
(12 Months) |
31.12.2012
(9
Months) |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
4861.657 |
3.302 |
|
|
|
Other Income |
33.064 |
13.363 |
|
|
|
TOTAL |
4894.721 |
16.665 |
NA |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1580.650 |
0.000 |
|
|
|
Direct Operational Expenses |
0.000 |
2.405 |
|
|
|
Employee Benefits Expenses |
2431.619 |
0.000 |
NA |
|
|
Other expenses |
648.677 |
3.081 |
|
|
|
Dimunition in value of
investment |
0.000 |
192.478 |
|
|
|
TOTAL
(B) |
4660.946 |
197.964 |
|
|
|
|
|
|
NA |
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
233.775 |
(181.299) |
|
|
|
|
|
|
NA |
|
|
FINANCIAL
EXPENSES |
48.746 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
185.029 |
(181.299) |
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
221.757 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(36.728) |
(181.299) |
16.263 |
|
|
|
|
|
|
|
|
TAX |
(29.036) |
3.963 |
5.431 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(219.011) |
(185.262) |
10.832 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
11.366 |
0.534 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
NA |
(173.896) |
11.366 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(5.86) |
(4.96) |
(0.29) |
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 (12 Months) |
31.12.2012 (9 Months) |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT/ Sales |
(%) |
(4.50) |
(5610.60) |
NA |
|
|
|
|
|
|
|
PBIDT / Sales |
(%) |
4.81 |
(5490.58) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.09) |
(15.75) |
1.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02) |
(0.11) |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.18 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42 |
2067.80 |
150.28 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.12.2012
(9 Months) |
31.12.2013
(12 Months) |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
373.707 |
373.707 |
373.707 |
|
Reserves & Surplus |
1510.603 |
1325.341 |
1469.988 |
|
Net
worth |
1884.310 |
1699.048 |
1843.695 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
329.904 |
|
Total
borrowings |
0.000 |
0.000 |
329.904 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.179 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2012
(9
Months) |
31.12.2013
(12
Months) |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3.302 |
4861.657 |
|
|
147,133.707 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2012 (9 Months) |
31.12.2013
(12 Months) |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3.302 |
4861.657 |
|
Profit |
(185.262) |
(219.011) |
|
|
(5610.60%) |
(4.50%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.12.2013 (12 Months) |
31.12.2012 (9 Months) |
31.03.2012 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
0.875 |
0.000 |
NA
|
|
|
|
|
|
|
Total |
0.875 |
0.000 |
NA
|
|
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
two 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 |
Yes |
|
23] |
Banking Details |
No |
|
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 |
LITIGATION DETAILS
CASE DETAILS
BENCH:-BOMBAY
|
Presentation Date:- |
11/12/2013 |
|
|||||||
|
Lodging
No.:- |
SJL/72/2013 |
Filing
Date:- |
11/12/2013 |
Reg. No.:- |
SJ/72/2013 |
Reg.
Date:- |
11/12/2013 |
||
|
Main Matter |
|
Lodging
No.:- |
SSL/678/2013 |
Reg No.:- |
SS/757/2013 |
|
Petitioner:- |
RADHE CIVICON PVT LTD |
Respondent:- |
ISS INTEGRATED FACILITY SERVICES PVT LTD AND ANR |
|
Petn.Adv.:- |
S K Legal Associates |
|
District:- |
MUMBAI |
|
Bench:- |
SINGLE |
||||
|
Status:- |
Pre-Admission |
Category:- |
SUMMONSES FOR JUDGMENT. |
|
Last
Date:- |
15/09/2014 |
Stage:- |
SUMMONS FOR JUDGEMENT FOR HEARING [ORIGINAL SIDE MATTERS] |
|
Last
Coram:- |
HON'BLE SHRI JUSTICE S.C. GUPTE |
|
Act :- |
Code of Civil Procedure 1908 |
Note:
The Registered office of the company has been shifted Pirojshah Nagar,
Godrej Compound, Eastern Express Highway, Gate no. 4, Vikhroli (E), Mumbai –
400079, Maharashtra, India to the present address w.e.f. 28.02.2014
REVIEW OF OPERATIONS:
During the year company has total turnover of Rs.4861.657 Millions from Housekeeping services and other income which are Interest on deposits with Bank, Interest on income tax refund, Interest on loans and advances to related parties, Provision for doubtful debts written back and Miscellaneous expenses as compared to Rs. 16.665 Millions as against December 2012. The appointed date as per the Scheme sanctioned is 1 April 2012 for all amalgamating companies, however due to pending approval from the Court, financial statements for the amalgamating companies for the period ended 31 December 2012 were prepared and submitted with regulatory authorities on a standalone basis. Accordingly the result for the period 1 April 2012 to 31 December 2012 have been computed separately and for the period 1 January 2013 to 31 December 2013 are consolidated financials after amalgamation. The net loss for the year has been Rs.219.011 Millions as against Rs. 185.262 Millions during the previous financial year. The Company has developed a business plan to improve profitability and strengthen the Financial position so as to continue its operations in the Current and foreseeable future. Your Directors are continuously looking for avenues for future growth of the Company in Housekeeping industry.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90350063 |
06/05/2005 * |
500,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
ANDHERI WEST, MUMBAI, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Leasehold improvements
Intangible assets
- Goodwill
- 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.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.77.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
43 |
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.