MIRA INFORM REPORT
|
Report No. : |
337843 |
|
Report Date : |
21.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
BUHLER (INDIA) PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
BUHLER (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
13-D, 12-D, 13C and 13-B, KIADB Industrial Area, Attibele, Bangalore –
562107, Karnataka |
|
Tel. No.: |
91-80-67770000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.02.1991 |
|
|
|
|
Com. Reg. No.: |
08-011695 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1991PTC011695 |
|
|
|
|
IEC No.: |
0792009339 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRB00692G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB5987A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Marketing and Selling of Agri-Based and Other Processing Machines. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4395000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Buhler Holding AG, Switzerland”. It is a
well-established company having satisfactory track. As per ROC the date of balance sheet (i.e. financial filed) is shown
as 31.03.2014 but the documents related to the financial for the year 2014
are not available from any sources. As per available financial, the company possesses a healthy financial
profile marked by sound net worth base and comfortable capital structure
characterized by zero debt position. The company has witnessed growth in its sales volume, but has reported
a dip in its net profitability during FY 13. However, trade relations are fair.
Business is active. Payment terms are reported as usually correct. In view of strong managerial, financial and technical linkages with
its reputed parentage, the subject can be considered normal 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Srimannarayana Murthy |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-80-67770000 |
|
Date : |
20.08.2015 |
LOCATIONS
|
Registered Office : |
13-D, 12-D, 13C and 13-B, KIADB Industrial Area, Attibele, Bangalore –
562 107, Karnataka, India |
|
Tel. No.: |
91-80-67770000 |
|
Fax No.: |
91-80-22890001 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Offices : |
Located at: · New Delhi · Pune · Kakinada · Kolkata · Hyderabad · Raipur |
|
|
|
|
Liaison Office : |
Road No. 131, House No. 60/C Gulshan South, Gulshan – 1 Dhaka, Bangladesh |
|
Tel. No.: |
+880 29859890 |
|
Fax No.: |
+880 28828446 |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Andreas Schachtner |
|
Designation : |
Director |
|
Address : |
Ruteliweg 24, Oberburen - 9245, Switzerland |
|
Date of Birth/Age : |
29.07.1965 |
|
Date of Appointment : |
03.05.2008 |
|
DIN No.: |
02228706 |
|
|
|
|
Name : |
Mr. Dipak Balasaheb Mane |
|
Designation : |
Managing director |
|
Address : |
No. 408, Wings, ,Cambridge Road, Opposite Frank Anthony Public School, Ulsoor, Bangalore, 560008, Karnataka, India |
|
Date of Birth/Age : |
23.11.1960 |
|
Date of Appointment : |
01.04.2014 |
|
DIN No.: |
01215889 |
|
|
|
|
Name : |
Mr. Prashant Gokhale Shrikant |
|
Designation : |
Managing director |
|
Address : |
703 Sepia H M World City, J P Nagar 9 Phase, Bangalore - 560062, Karnataka, India |
|
Date of Birth/Age : |
20.08.1972 |
|
Date of Appointment : |
01.07.2015 |
|
DIN No.: |
07185794 |
KEY EXECUTIVES
|
Name : |
Mr. Srimannarayana Murthy |
|
Designation : |
Finance Manager |
|
|
|
|
Name : |
Mr. Vinay Ramakrishna Sarji |
|
Designation : |
Secretary |
|
Address : |
No/20/1,1st Floor, 3rd Cross, Javariah Gardern, Thyagaragnagar, Bangalore, 560028, Karnataka, India |
|
Date of Birth/Age : |
04.01.1978 |
|
Date of Appointment : |
05.07.2006 |
|
PAN No. : |
AVAPS2841L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2014
|
Names of Shareholders |
No. of Shares |
|
Buhler Holding AG, Switzerland |
9999990 |
|
Interfonda Limited, Switzerland |
10 |
|
|
|
|
Total |
10000000 |
AS ON 26.09.2014
|
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 |
|
|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20337843%2021-Aug-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Marketing and Selling of Agri-Based and Other Processing Machines. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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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 : |
· HDFC Bank Limited, Bangalore, Karnataka, India · HSBC Bank Limited, Bangalore, Karnataka, India |
||||||||||||||||||||||
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|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
12th and 13th Floor, UB City, Canberra Block, No.24,
Vittal Mallya Road, Bangalore – 560001, Karnataka, India |
|
Tel. No.: |
91-81-40275000 |
|
Fax No.: |
91-80-22106000 |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFS3421N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding company : |
Buhler Holding AG, Switzerland |
|
|
|
|
Fellow Subsidiaries : |
· Buhler AG, Uzwil, Switzerland · Buhler GmbH, Germany · Wuxi Buhler Machinery Manufacturing Company, China · Buhler Sortex Limited · Buhler Druckguss AG, Germany · Buhler SA, Madrid, SPAIN · Schmidt-Seeger India Private Limited, India (CIN No. : U45400KA2008PTC066015) · Buhler Management AG, Switzerland · Buhler Aeroglide, United States · Buhler Barth AG, Germany · Buhler (Wuxi) Commerial, China · Buhler (Pty) Limited, South Africa · Schmidt-Seeger GmbH, Germany · Buhler Equipment (Xi'an) Co., Limited ,China · Hefei Yijiete Opto Electronic Technology Co. Limited, China · Buhler Inc.,Minneapolis, United States · Buhler Asia Private Limited, Singapore ·
Bühler and Scherler AG, Switzerland |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Million |
|
|
|
|
|
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 |
100.000 |
100.000 |
100.000 |
|
(b) Reserves & Surplus |
1438.343 |
1189.960 |
820.035 |
|
(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) |
1538.343 |
1289.960 |
920.035 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
43.973 |
49.197 |
33.809 |
|
(c)
Other long term liabilities |
6.908 |
12.002 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
50.881 |
61.199 |
33.809 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
303.254 |
190.334 |
224.479 |
|
(c)
Other current liabilities |
913.206 |
673.208 |
546.642 |
|
(d)
Short-term provisions |
83.515 |
64.413 |
75.680 |
|
Total
Current Liabilities (4) |
1299.975 |
927.955 |
846.801 |
|
|
|
|
|
|
TOTAL |
2889.199 |
2279.114 |
1800.645 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
761.199 |
688.857 |
465.404 |
|
(ii)
Intangible Assets |
0.338 |
1.149 |
1.959 |
|
(iii)
Capital work-in-progress |
49.138 |
25.532 |
20.363 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
80.428 |
13.431 |
60.476 |
|
(e)
Other Non-current assets |
|
|
|
|
Total
Non-Current Assets |
891.103 |
728.969 |
548.202 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
1000.064 |
589.185 |
330.017 |
|
(b)
Inventories |
312.128 |
275.464 |
291.139 |
|
(c)
Trade receivables |
218.263 |
177.525 |
153.828 |
|
(d)
Cash and cash equivalents |
113.782 |
285.731 |
265.627 |
|
(e)
Short-term loans and advances |
83.892 |
84.233 |
102.836 |
|
(f)
Other current assets |
269.967 |
138.007 |
108.996 |
|
Total
Current Assets |
1998.096 |
1550.145 |
1252.443 |
|
|
|
|
|
|
TOTAL |
2889.199 |
2279.114 |
1800.645 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2724.000 |
2135.000 |
1751.000 |
|
|
|
Other Income |
76.000 |
47.000 |
40.000 |
|
|
|
TOTAL |
2800.000 |
2182.000 |
1791.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
248.382 |
369.926 |
212.376 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
305.000 |
390.000 |
285.000 |
|
|
|
Commission Earnings |
299.000 |
228.000 |
145.000 |
|
|
TOTAL EARNINGS |
604.000 |
618.000 |
430.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
24.84 |
36.99 |
21.24 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
NA |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
533.739 |
626.076 |
334.265 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
9.12 |
17.33 |
12.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54 |
1.67 |
1.48 |
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 |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
820.035 |
1189.960 |
1438.343 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
920.035 |
1289.960 |
1538.343 |
|
|
|
|
|
|
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 |
%20PRIVATE%20LIMITED%20-%20337843%2021-Aug-2015_files/image015.gif)
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) |
|
Sales |
1751.000 |
2135.000 |
2724.000 |
|
|
|
21.930 |
27.588 |
%20PRIVATE%20LIMITED%20-%20337843%2021-Aug-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1751.000 |
2135.000 |
2724.000 |
|
Profit |
212.376 |
369.926 |
248.382 |
|
|
12.13% |
17.33% |
9.12% |
%20PRIVATE%20LIMITED%20-%20337843%2021-Aug-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
CHANGE OF ADDRESS:
The Registered Office of the Company has been shifted from 13-D, KIADB
Industrial Area, Attibele, Bangalore – 562107, Karnataka, India to the present
address w.e.f. 01.12.2009
CORPORATE
INFORMATION
The company was incorporated on February 21, 1991 as a 51:49 joint venture between Buhler Holding AG ('Buhler AG'), and HS Nagashwaran, Sunjal Engineering Private Limited and Democratus Investments Private Limited (the Indian promoter group) to manufacture and trade in food processing machines and its spares and components. The Company also provides installation and commissioning services, repairs and maintenance services, delegation and engineering services. The Company also provides marketing support services to some of the group Companies. Over period of time, foreign collaborator (Buhler AG) has acquired all the shares from the Indian promoter group resulting in the Company becoming 100% subsidiary of Buhler Holding AG, Switzerland during the year ended December 31, 2004.
OPERATIONS
The order booking during the period April 2011 to March 2012 increased to Rs.2836.000 million as compared to Rs. 2169.000 million during the previous year.
The total revenue from operations for the year was at Rs. 2724.000 million as compared to Rs. 2135.000 million for the previous year. The Other Income was at Rs 76.000 million as compared to Rs 47.000 million for the previous year. Exports are at Rs. 305.000 million as compared to Rs 390.000 million in the previous year.
Inspite of the difficult market conditions they have been able to increase our revenue compared to the previous year.
The construction of the new building for the office block (i.e. Phoenix - 2 Project) has been completed during the year.
They
expect to grow around 10% in the current year over the previous year. Prospects
for the rest of the year are challenging.
FINANCE
The company continues to fund its operations entirely on its own without any borrowings from the Banks / others.
During the year the company has earned an interest income of nearly Rs 9.000 million mainly out of the Fixed Deposit. The Company has also earned a dividend income of Rs 32.000 million mainly on accounts of its investments in Mutual Funds.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Factory Equipment’s
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipment’s
·
Other Equipment’s
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.65.24 |
|
|
1 |
Rs.102.21 |
|
Euro |
1 |
Rs.72.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUV |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
50 |
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.