MIRA INFORM REPORT
|
Report No. : |
318334 |
|
Report Date : |
27.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
BAUMER INDIA PRIVATE
LIMITED (w.e.f. 18.04.2007) |
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|
|
|
Formerly Known
As : |
INDIA GLUING SYSTEMS
PRIVATE LIMITED |
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Registered
Office : |
Fourthum Centre, S. No.112/2/21, 112/2/64 and 112/2/72, Opposite RMD
Sinhgad Institute, Pune – Mumbai Highway, Warje, Pune – 411058, Maharashtra |
|
Tel No : |
91-20-25286833 / 25866833 / 66292400 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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|
|
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Date of
Incorporation : |
15.01.2007 |
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Com. Reg. No.: |
11-129468 |
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Capital
Investment / Paid-up Capital : |
Rs. 6.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U29299PN2007FTC129468 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEH05397A |
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PAN No.: [Permanent Account No.] |
AABCH7987F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of electrical automation products like sensors, gluing systems,
process Instrumentation vision technologies.
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No. of Employees
: |
Information Denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 76000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of “Baumer Holding A.G. Frauenfeld”. It is an
established company having a satisfactory track. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view of support from its parent, the subject 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 DENIED
MANAGEMENT NON CO-OPERATIVE
CONTACT NO.: 91-20-66292400
LOCATIONS
|
Registered Office / Sales Unit
Office : |
Fourthum Centre, S. No.112/2/21, 112/2/64 and 112/2/72, Opposite RMD
Sinhgad Institute, Pune – Mumbai Highway, Warje, Pune – 411058, Maharashtra,
India |
|
Tel. No.: |
91-20-66292400 / 25286833/ 25866833 |
|
Fax No.: |
91-20-25286835 |
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E-Mail : |
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|
Website : |
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Branches : |
#208 2nd Floor, Dr. Rajkumar Road Prakashnagar,
Rajajinagar, Bangalore – 560021, Karnataka,
India |
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Tel. No.: |
91-9739084449 |
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Fax No.: |
91-9590903926 |
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E-Mail : |
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Branches : |
Located At :
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DIRECTORS
As on 15.09.2014
|
Name : |
Mr. Sunil Ramchandra Hasabins |
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Designation : |
Managing Director |
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Address : |
Plot No. 6, Lane No. 6, Manmohan Society, Karvenagar, Pune - 411052,
Maharashtra, India |
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Date of Birth/Age : |
25.07.1957 |
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Date of Appointment : |
15.01.2007 |
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DIN No.: |
00096011 |
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Other Directorship :
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Name : |
Mr. Severino Luigi Bruno |
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Designation : |
Director |
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Address : |
8500 Frauenfeld (CHZ), Blumenstrasse 36A, Frauenfeld - 008500,
Switzerland |
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Date of Birth/Age : |
02.06.1961 |
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Date of Appointment : |
30.06.2007 |
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DIN No.: |
01892410 |
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Name : |
Mr. Oliver Helmut Vietze |
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Designation : |
Director |
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Address : |
Bergiweg 6, 8500, Frauenfeld - 008500 Switzerland |
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Date of Birth/Age : |
08.05.1967 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
06507893 |
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Key executive
|
Name : |
CS Suresh Pingale |
|
Designation : |
Company Secretaries |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.09.2014
|
Names of Shareholders |
No. of Shares |
% Holding |
|
Baumer Holdings Ag, Switzerland |
582,000 |
97.00 |
|
Baumer Electric Ag, Switzerland |
18,000 |
3.00 |
|
|
|
|
|
Total |
600000 |
100.00 |
As on 15.09.2014
Equity 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 |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of electrical automation products like sensors, gluing systems,
process Instrumentation vision technologies.
|
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|
Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information Denied by management |
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Bankers : |
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Auditors : |
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Name : |
J.N. Sovani and Company Chartered Accountants |
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Address : |
5A, Vishnu Apartment, 1723, Sadashiv Peth, Tilak Road, Pune – 411030,
Maharashtra, India |
|
Tel. No.: |
91-20-24332385/ 24470095 |
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Mobile No.: |
91-9822011781 |
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Fax No.: |
91-20-24332385 |
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E-Mail : |
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Website: |
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PAN No.: |
ACAPJ2617A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
Baumer Holding
A. G Frauenfeld |
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Subsidiary: |
Baumer Electric
A G. Switzerland |
CAPITAL STRUCTURE
As on 15.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600,000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600,000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000
Million |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6.000 |
6.000 |
6.000 |
|
(b) Reserves & Surplus |
20.799 |
15.358 |
14.440 |
|
(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) |
26.799 |
21.358 |
20.440 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
27.185 |
23.080 |
22.958 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
27.185 |
23.080 |
22.958 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
|
|
(b) Trade
payables |
84.588 |
119.646 |
102.087 |
|
(c) Other
current liabilities |
19.002 |
14.785 |
9.219 |
|
(d) Short-term
provisions |
5.179 |
4.446 |
4.030 |
|
Total Current
Liabilities (4) |
108.769 |
138.877 |
115.336 |
|
|
|
|
|
|
TOTAL |
162.753 |
183.315 |
158.734 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3.849 |
4.563 |
5.304 |
|
(ii)
Intangible Assets |
0.000 |
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
2.743 |
0.069 |
0.048 |
|
(d) Long-term Loan and Advances |
3.089 |
1.476 |
1.486 |
|
(e) Other Non-current
assets |
|
|
|
|
Total Non-Current
Assets |
9.681 |
6.108 |
6.838 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
|
|
(b)
Inventories |
47.951 |
64.026 |
33.357 |
|
(c) Trade
receivables |
86.816 |
78.476 |
82.476 |
|
(d) Cash
and cash equivalents |
12.303 |
28.362 |
27.586 |
|
(e)
Short-term loans and advances |
6.002 |
6.343 |
8.477 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
153.072 |
177.207 |
151.896 |
|
|
|
|
|
|
TOTAL |
162.753 |
183.315 |
158.734 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
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|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL |
357.458 |
329.988 |
303.724 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
350.013 |
324.645 |
293.488 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, EXTRA ORDINARY ITEMS |
7.445 |
5.343 |
10.236 |
|
|
|
|
|
|
|
|
|
Less/ Add |
EXTRA
ORDINARY ITEMS |
(0.500) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
7.945 |
5.343 |
10.236 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.505 |
4.425 |
4.036 |
|
|
|
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|
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|
|
|
PROFIT/(LOSS)
AFTER TAX |
5.440 |
0.918 |
6.200 |
|
|
|
|
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|
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|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
15.358 |
14.440 |
8.240 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE B/S |
20.798 |
15.358 |
14.440 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
9.594 |
4.663 |
Nil |
|
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|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.07 |
1.53 |
10.33 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.97 |
2.92 |
6.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.25 |
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.01 |
1.08 |
1.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41 |
1.28 |
1.32 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
6.000 |
6.000 |
6.000 |
|
Reserves & Surplus |
14.440 |
15.358 |
20.799 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
20.440 |
21.358 |
26.799 |
|
|
|
|
|
|
long-term
borrowings |
22.958 |
23.080 |
27.185 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
22.958 |
23.080 |
27.185 |
|
Debt/Equity ratio |
1.123 |
1.081 |
1.014 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
303.724 |
329.988 |
357.458 |
|
|
|
8.647 |
8.325 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
303.724 |
329.988 |
357.458 |
|
Profit |
6.200 |
0.918 |
5.440 |
|
|
2.04% |
0.28% |
1.52% |
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 |
Yes |
|
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] |
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 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
UNSECURED LOAN
|
PARTICULARS |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
(Rs. In Million) |
|
|
External Borrowing from Baumer Holding AG |
27.185 |
23.080 |
|
|
|
|
|
Total |
27.185 |
23.080 |
REVIEW OF OPERATIONS
The total income during the year was stood at Rs. 357.457 Million as compared to Rs. 329.988 Million in the previous year, registering an increase of 8.32% over the previous year. The Profit Before Tax (PBT) was stood at Rs. 7.945 Million as compared to Rs. 5.343 Million in the previous year reflecting a significant improvement of 48.69% over the previous year. Consequently the Profit After Tax (PAT) was also up from Rs. 0.918 Million to Rs. 5.440 Million during the year.
FUTURE OUTLOOK
Barring unforeseen circumstances the performance of the Company in the current Financial Year is expected to be satisfactory.
NOTE
The registered office of the company has been
shifted from Plot 6, Lane 6, Manmohan Society, Karvenagar, Pune – 411052,
Maharashtra, India to the present address.
FIXED ASSETS
- Computer
- Furniture and Fixture
- Office Equipments
- Vehicles
- Software
WEBSITE DETAILS
ARTICLE
Baumer India scales up operations in India
RECENTLY, THE COMPANY
HAS SET UP AN ENGINEERING, TRAINING AND ASSEMBLY CENTER AT PUNE
March 19, 2014
Baumer India, a part of Swiss sensor manufacturer Baumer Group is scaling up its operations in India. The company is planning to invest $10 million (around Rs 60 crore) in the next two years.
It will expand with new activities of sourcing local components from India and will manufacture electronic pressure sensors at Pune. The company, recently, set up an engineering, training and assembly center at Pune. This is the first-of-its kinds in Asia Pacific region. It has acquired Wapi based company Wari Instruments in 2010 for its pressure instruments.
“Over 20 per cent of our products from here are exported to countries like US , Latin America , China and Middle East. We have invested $25 million in India. In Pune, we will ramp up our operations by investing $10 million over next two years and increase the headcount from 30 to more than 100 people . Our next step at Pune after electronic pressure sensors would be to manufacture encoders and sensors in the next phase of expansion. The production will also be used for exports at a later stage,” said Oliver Vietze, CEO and chairman, Baumer Group.
He added, “The integration of the Indian market is essential part of the international growth strategy of Baumer. We will start with Indian market requirements but eventually the same products will be offered worldwide through Baumer Sales network.”
Sunil Hasabnis, managing director, Baumer India said, “The new activity to develop parts from local quality vendors for use in local assembly will be for products belonging to segments including sensor solutions, motion control, process instrumentation, vision technology and gluing systems. Depending on the success of this phase, Baumer will contemplate manufacturing of electronic Products of fast moving products and export to other Baumer units.
The local engineering team will also help Baumer factories worldwide develop and sourcing quality components form India.
According to Hasabnis, the Indian market for high technology products that Baumer offers is close Rs 400 crore where Baumer has a market share of 15 per cent in India. Sensor solution business for Baumer is one of the fastest growing with very innovative products introduced in the Indian market. This segment is continuing to grow at 50 per annum basis even under relative slow economic growth this year.
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 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.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
snt |
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 |
4 |
|
--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 |
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 |
|
44 |
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.