MIRA INFORM REPORT
|
Report No. : |
317520 |
|
Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIEBOLD SYSTEMS
PRIVATE LIMITED (w.e.f. 23.07.2003) |
|
|
|
|
Formerly Known
As : |
DIEBOLD HMA PRIVATE LIMITED (w.e.f. 18.08.1999) DIEBOLD HMA LIMITED (w.e.f. 01.07.1997) DIEBOLD HMA PRIVATE LIMITED |
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|
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Registered
Office : |
2nd Floor, Silver Metropolis, Jay Coach Compound, 201/A Western
Express Highway, Goregaon (East), Mumbai - 400063, Maharashtra |
|
Tel No. : |
91-22-66774900 |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
10.07.1992 |
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Com. Reg. No.: |
11-205347 |
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Capital
Investment / Paid-up Capital : |
Rs.10.000 Million |
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CIN No.: [Company Identification
No.] |
U72300MH1992PTC205347 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACD3206C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is primarily engaged in trading in installation of and providing
maintenance services for Automated Teller Machines (‘ATMs’) and networked
cash dispensers including associated software in India. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Diebold Incorporated. It is an established
company having satisfactory track. As per Registrar of companies the date of balance sheet i.e. financial
filed is shown as 31st March, 2014 but the documents related to
the financials for the year 2014 is not available from any source. As per available financial of 2013, there is a dip in the profits made
by the company. However, general financials of the company seems to be
satisfactory. Trade relations reported to be fair. Business is active. Payments are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 co-operative [91-22-66774900]
LOCATIONS
|
Registered/
Mumbai Corporate Office : |
2nd Floor, Silver Metropolis, Jay Coach Compound, 201/A
Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India
|
|
Tel. No.: |
91-22-66774900 |
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Fax No.: |
91-22-66774901 |
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E-Mail : |
sandeshnikanth.shringarpure@diebold.com |
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Website : |
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Location : |
Owned |
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Diebold Managed Services Centre: |
G-Corp Tech Park, 8th Floor, Kasarvasavli, Ghodebunder
Road, Thane (West) – 400615, Maharashtra, India |
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Tel. No.: |
91-22-30969600 |
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Fax No.: |
91-22-30969966 |
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|
|
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|
DSSPL Private Limited 17th Floor, Building No.2, R Tech Park, Nirlon Compound,
Pahadi Goregaon, Off Western Express Highway, Goregaon (East), Mumbai –
400063, Maharashtra, India |
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Tel. No.: |
91-22-66497500 |
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Fax No.: |
91-22-66497600 |
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|
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Manufacturing Unit: |
Diebold Systems Private Limited 45/46, Tivim Industrial Estate, Karaswada, Mapusa, Goa – 403526 |
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Tel. No.: |
91-832-6655478 |
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Fax No.: |
91-832-2258170 |
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Regional Office: |
Located At: ·
Chennai ·
Ahmedabad ·
·
·
·
·
Chandigarh ·
Hyderabad ·
Hyderabad GDC ·
Jaipur ·
Kolkata ·
·
·
·
·
·
·
Pune ·
·
Cochin ·
·
Guwahati ·
·
Tirunelveli ·
Trichy ·
|
DIRECTORS
As on 30.12.2014
|
Name : |
Chad Frederic Hesse |
|
Designation : |
Director |
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Address : |
30590 Jasmine CT, North Olmsted OH - 440704799 |
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Date of Birth/Age : |
01.04.1972 |
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Date of Appointment : |
07.09.2011 |
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DIN No.: |
03565371 |
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Name : |
Mr. KArthikeyan S Ganapathi |
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Designation : |
Director |
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Address : |
737 W Washington BLVD Apartments 1603, Chicago IL 60681 |
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Date of Birth/Age : |
11.11.1974 |
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Date of Appointment : |
08.11.2012 |
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DIN No.: |
6437700 |
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Name : |
Mr. Shripad Kulkarni |
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Designation : |
Director |
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Address : |
Flat No. 003, Building “I”, Devashri Garden, Porvorm, Goa – 403521,
Maharashtra, India |
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Date of Birth/Age : |
01.12.1969 |
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Date of Appointment : |
01.10.2013 |
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DIN No.: |
05265138 |
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Name : |
Mr. Jayal Rajnikant Lakhani |
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Designation : |
Director |
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Address : |
703, Divyalok, L D Ruparal Marg, Malbar Hill, Mumbai – 400006,
Maharashtra, India |
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Date of Birth/Age : |
19.01.1969 |
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Date of Appointment : |
01.10.2013 |
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DIN No.: |
06499176 |
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|
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Name : |
Mr. Indani Gopi Saha |
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Designation : |
Director |
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Address : |
RH I Row House no K – 45, Sector – 7, VAshi, NAvi Mumbai – 400703,
Maharashtra, India |
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Date of Birth/Age : |
26.03.1971 |
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Date of Appointment : |
01.10.2013 |
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DIN No.: |
06704913 |
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Name : |
Mr. Christopher Allen Chapman |
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Designation : |
Director |
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Address : |
405 Pleasant Valley Road SW, Sugarcreek – 44681, OHIO |
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Date of Birth/Age : |
13.04.1974 |
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Date of Appointment : |
18.11.2013 |
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DIN No.: |
06727636 |
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|
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|
Name : |
Mr. Sanddeep Jayant Potdar |
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Designation : |
Director |
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Address : |
E 101, OM Trimurti Towers Opposite Evrad NAgr, bhakti Dham Mandir
Road, Chunabhatti, Mumbai – 400022, Maharashtra, India |
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Date of Birth/Age : |
03.01.1971 |
|
Date of Appointment : |
01.09.2014 |
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DIN No.: |
06702842 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Diebold Incorporated INC., USA |
|
132358 |
|
Diebold Holding Company INC., USA |
|
29 |
|
Diebold Switzerland Holding Company, Sarl., Switzerland |
|
14470 |
|
Diebold Self Service Solution Sarl, Switzerland |
|
40343 |
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|
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Total |
|
187200 |
As on 30.12.2014
Share Break up (Percentage of Total Equity)
|
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 |
100.000 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in trading in installation of and
providing maintenance services for Automated Teller Machines (‘ATMs’) and
networked cash dispensers including associated software in India. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Auditors : |
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Name : |
BSR and Company Chartered Accountants |
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Address : |
Lodha Excelus, 1st Floor, Appollo Mills Compound, N.M.
Joshi Marg, Mahalaxmi, Mumbai – 400011, Maharashtra, India |
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Tel. No.: |
91-22-39896000 |
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Fax No.: |
91-22-39836000 |
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PAN No: |
AAAFB9852F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Diebold Incorporated, |
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Fellow Subsidiaries : |
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CAPITAL STRUCTURE
As on 30.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,200,000 |
Equity Shares |
Rs.100/- each |
Rs. 320.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
187,200 |
Equity Shares |
Rs.100/-
each |
Rs. 18.720
Million |
|
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AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves &
Surplus |
1340.044 |
1162.699 |
852.954 |
|
(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) |
1350.044 |
1172.699 |
862.954 |
|
|
|
|
|
|
(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 |
28.346 |
35.144 |
15.459 |
|
(d) long-term provisions |
63.706 |
76.072 |
78.305 |
|
Total Non-current
Liabilities (3) |
92.052 |
111.216 |
93.764 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
300.000 |
0.000 |
120.000 |
|
(b) Trade payables |
1715.927 |
1701.446 |
1155.452 |
|
(c) Other current
liabilities |
434.944 |
332.553 |
337.198 |
|
(d) Short-term provisions |
186.449 |
185.708 |
113.286 |
|
Total Current Liabilities
(4) |
2637.320 |
2219.707 |
1725.936 |
|
|
|
|
|
|
TOTAL |
4079.416 |
3503.622 |
2682.654 |
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
284.219 |
46.428 |
46.570 |
|
(ii) Intangible Assets |
0.159 |
0.296 |
0.000 |
|
(iii) Capital
work-in-progress |
2.617 |
106.127 |
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) |
291.454 |
117.215 |
112.951 |
|
(d) Long-term Loan and Advances |
333.750 |
307.787 |
179.814 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
912.199 |
577.853 |
339.335 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
736.250 |
754.161 |
644.464 |
|
(c) Trade receivables |
1390.580 |
1268.690 |
1165.492 |
|
(d) Cash and cash
equivalents |
527.069 |
467.438 |
211.331 |
|
(e) Short-term loans and
advances |
313.826 |
351.479 |
263.327 |
|
(f) Other current assets |
199.492 |
84.001 |
58.705 |
|
Total Current Assets |
3167.217 |
2925.769 |
2343.319 |
|
|
|
|
|
|
TOTAL |
4079.416 |
3503.622 |
2682.654 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income From Operations |
6281.224 |
5992.305 |
4538.950 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
323.349 |
483.555 |
496.569 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
72.242 |
18.649 |
23.207 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
251.107 |
464.906 |
473.362 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
73.762 |
155.161 |
193.595 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
177.345 |
309.745 |
279.767 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
NA |
|
|
|
FOB Value of Goods Exported |
7.705 |
6.496 |
13.068 |
|
|
|
Reimbursement of Expenses |
24.555 |
11.764 |
9.278 |
|
|
TOTAL EARNINGS |
32.260 |
18.260 |
22.346 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components and Spares |
231.741 |
200.885 |
160.553 |
|
|
|
Traded Goods (Including related software) |
136.817 |
79.021 |
12.530 |
|
|
|
Demo Assets |
0.000 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
368.558 |
279.906 |
173.083 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1773.00 |
3097.45 |
2797.67 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.82 |
5.17 |
6.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.63
|
14.17 |
18.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.40 |
0.55 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.22
|
0.00 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20
|
1.32 |
1.35 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
852.954 |
1162.699 |
1340.044 |
|
Net worth |
862.954 |
1172.699 |
1350.044 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
120.000 |
0.000 |
300.000 |
|
Total borrowings |
120.000 |
0.000 |
300.000 |
|
Debt/Equity ratio |
0.139 |
0.000 |
0.222 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Income From Operations |
4538.950 |
5992.305 |
6281.224 |
|
|
|
32.020 |
4.822 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Income From Operations |
4538.950 |
5992.305 |
6281.224 |
|
Profit |
279.767 |
309.745 |
177.345 |
|
|
6.16% |
5.17% |
2.82% |
LOCAL AGENCY FURTHER INFORMATION
CURRNT
MATURITIES OF LONG TERM DEBT = NOT AVAILABLE
|
Sr. No. |
Check List by
Info Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
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 |
NOTE:
The Registered office of the company has been
shifted from IV Floor, C Wing, Trade Star, Andheri Kurla Road, Andheri (East), Mumbai
– 400059, Maharashtra, India to the present address w.e.f. 13.02.2012.
BACKGROUND:
Subject is a subsidiary of Diebold Incorporated (‘the holding company’)
was incorporated on 10 July 1992. The company is primarily engaged in trading
in installation of and providing maintenance services for Automated Teller
Machines (‘ATMs’) and networked cash dispensers including associated software
in
AMALGAMATION AND MERGER OF THE COMPANY:
During the financial year
2012-13 the company had submitted an application for the approval of Honorable High
Court, Mumbai for amalgamation and merger of Diebold India Private Limited and
Diebold Software Systems Private Limited pursuant to a scheme of amalgamation
as approved by the Board of Directors of the company. The said Scheme has been
approved by the High Court, Mumbai vide its order dated 23rd August 2013.
Pursuant to the filing of order with Registrar of Companies, the Scheme would
get effective from 1st April 2013, the appointed date.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Term loans from banks |
300.000 |
0.000 |
|
TOTAL
|
300.000 |
0.000 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90288957 |
24/09/1999 |
163,200.00 |
THAYER OVERSEAS FINANCE LIMITED |
KOTHARI BUILDINGS, 114 MG ROAD, CHENNAI - 600034, TAMILNADU, INDIA |
- |
|
2 |
90291127 |
16/09/1999 |
668,000.00 |
THAYER OVERSEAS FINANCE LIMITED |
KOTHARI BUILDINGS, 114 MG ROAD, CHENNAI - 600034, TAMILNADU, INDIA |
- |
|
3 |
90286860 |
02/08/2000 * |
7,500,000.00 |
ICICI BANKING CORPORATION LIMITED |
NO.1 CENOTAPH ROAD, MADRAS - 600018, TAMILNADU, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Leasehold Improvement
- Plant and Machinery
- Furniture and Fixtures
- Vehicles
- Computer
- Office Equipments
- Demo Assets
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 records 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 records 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.62.38 |
|
|
1 |
Rs.91.06 |
|
Euro |
1 |
Rs.6.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ART |
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 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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.