MIRA INFORM REPORT
|
Report No. : |
337692 |
|
Report Date : |
25.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
OBO
BETTERMANN INDIA PRIVATE LIMITED (w.e.f. 26.07.2008) |
|
|
|
|
Formerly Known
As : |
CAPE
ELECTRIC INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.A-51, SIPCOT Industrial Growth Centre, Oragadam Village,
Sriperumbudur Taluk, Kanchipuram District – 602 105, Tamilnadu |
|
Tel. No.: |
91-44-43589411 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.12.2006 |
|
|
|
|
Com. Reg. No.: |
18-061862 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31902TN2006PTC061862 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of
manufacturing, marketing and trading of Lightning Protection and Cable
Rooting Systems. |
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|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a
subsidiary of “OBO Bettermann Holding GmbH, Germany. It is an
established company incorporated during the year 2006 having moderate track
record. The financial position
of the company is weak. It is continuously incurring losses from its
operational activities which has fully eroded its entire networth. However, business
is active. Payment terms are reported to be slow. The company can
be considered for business dealings on a secured 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
|
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Ms. Shanti |
|
Designation : |
Finance Department |
|
Contact No.: |
91-44-43589411 |
|
Date : |
24.08.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No.A-51, SIPCOT Industrial Growth Centre, Oragadam Village,
Sriperumbudur Taluk, Kanchipuram District – 602 105, Tamilnadu, India |
|
Tel. No.: |
91-44-43589411 |
|
Fax No.: |
91-44-43589410 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Gopakumar Somasekharan Nair |
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|
Designation : |
Managing Director |
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|
Address : |
No.9,
Arunachalam Colony, Vedasery, Nagercoil – 629 001, Tamilnadu, India |
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Date of Birth/Age : |
19.04.1971 |
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Qualification : |
Engineering |
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|
Experience : |
22 Years |
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|
Date of Appointment : |
06.06.2008 |
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PAN No.: |
ADTPG1139L |
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DIN No.: |
01711454 |
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Other
Directorship :
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|
Name : |
Mr. Andreas Bettermann |
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|
Designation : |
Nominee Director |
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|
Address : |
Auf
Dem Rott-61, 59427 Unna, Germany, Unna, 59427, Germany |
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|
Date of Birth/Age : |
11.04.1975 |
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Date of Appointment : |
08.09.2009 |
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DIN No.: |
02252847 |
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Other
Directorship :
|
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KEY EXECUTIVES
|
Name : |
Ms. Shanti |
|
Designation : |
Finance Department |
|
|
|
|
Name : |
Rabi
Narayan and Associates |
|
Designation : |
Company
Secretaries |
|
Address : |
"APARAJITA",
No.14/20, First Floor, Srinivasa Pillai Street, West Mambalam, Chennai – 600
033, Tamilnadu, India |
|
Tel. No.: |
91-44-24710523/
45513136 |
|
Mobile No.: |
91-9840079603/
9841440028 |
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E-Mail : |
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|
Website : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
S. Gopakumar |
168000 |
0.25 |
|
R.S. Asha Devi |
72000 |
0.11 |
|
OBO Bettermann Holding GmbH, Menden |
67117625 |
99.64 |
|
Total |
67357625 |
100.00 |
AS ON 30.09.2014
|
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] |
|
99.64 |
|
Directors
or relatives of directors |
|
0.36 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of
manufacturing, marketing and trading of Lightning Protection and Cable
Rooting Systems. |
|
|
|
|
Products : |
Electrical Components and Systems |
|
|
|
|
Brand Names : |
Not Available |
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|
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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 : |
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Selling : |
Cash and Credit (30/ 60/ 90 days) |
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Purchasing : |
Cash and Credit (30/ 60/ 90 days)
|
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
100 (Approximately) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
K. Kishore and Company Chartered Accountants |
|
Address : |
No.7D, 7th Floor, Ega Trade Centre, 318, Poonamallee High
Road, Kilpauk, Chennai – 600 010, Tamilnadu, India |
|
Tel. No.: |
91-44-26402065/ 42858099 |
|
E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AANFK1728L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
OBO Bettermann Holding GmbH, Menden |
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Associate
Companies : |
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Other Related
Parties : |
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CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
67500000 |
Equity Shares |
Rs.10/- each |
Rs.675.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
67357625 |
Equity Shares |
Rs.10/- each |
Rs.673.576
million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 million |
|
|
|
|
|
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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves &
Surplus |
(34.210) |
(0.001) |
3.462 |
|
(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) |
(24.210) |
9.999 |
13.462 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
267.960 |
35.195 |
34.444 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.100 |
0.100 |
0.100 |
|
(d) Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
268.060 |
35.295 |
34.544 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
353.742 |
231.408 |
197.226 |
|
(c) Other current
liabilities |
13.260 |
6.972 |
3.150 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
367.002 |
238.380 |
200.376 |
|
|
|
|
|
|
TOTAL |
610.852 |
283.674 |
248.382 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
59.557 |
58.595 |
57.480 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
184.762 |
13.129 |
4.615 |
|
(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) |
21.699 |
7.250 |
5.708 |
|
(d) Long-term Loan and Advances |
1.251 |
0.916 |
1.535 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
267.269 |
79.890 |
69.338 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
93.588 |
101.961 |
102.674 |
|
(c) Trade receivables |
72.707 |
85.077 |
63.005 |
|
(d) Cash and cash
equivalents |
159.988 |
8.948 |
7.192 |
|
(e) Short-term loans and
advances |
15.172 |
5.757 |
4.742 |
|
(f) Other current assets |
2.128 |
2.041 |
1.431 |
|
Total Current Assets |
343.583 |
203.784 |
179.044 |
|
|
|
|
|
|
TOTAL |
610.852 |
283.674 |
248.382 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
251.066 |
221.635 |
154.413 |
|
|
|
Other Income |
6.334 |
0.103 |
0.025 |
|
|
|
TOTAL |
257.400 |
221.738 |
154.438 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
306.058 |
226.743 |
169.074 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(48.658) |
(5.005) |
(14.636) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(14.449) |
(1.542) |
(5.662) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(34.209) |
(3.463) |
(8.974) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(0.001) |
3.462 |
12.436 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(34.210) |
(0.001) |
3.462 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN EXCHANGE FROM EXPORTS (ON FOB BASIS) EXCLUDES RS.0.086
MILLION (FOR THE YEAR 2013 - RS.0.026 MILLION AND FOR THE YEAR 2012 - RS.0.002
MILLION) VALUE OF FREE SAMPLES EXPORTED TRANSFERRED TO SALES PROMOTION
EXPENSES |
5.877 |
12.314 |
8.971 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials & Traded Goods |
124.986 |
129.813 |
139.346 |
|
|
|
Capital Goods |
3.681 |
0.059 |
0.069 |
|
|
TOTAL IMPORTS |
128.667 |
129.872 |
139.415 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(34.21) |
(3.46) |
(8.97) |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
300.000 |
|
|
|
|
|
The above information has been parted by Ms. Shanti (Finance
Department).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
NA |
NA |
NA |
|
Cash generation
from operations |
88.735 |
14.568 |
10.284 |
|
Net cash from operating activities |
88.735 |
14.568 |
10.284 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(13.63) |
(1.56) |
(5.81) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(12.03) |
(1.90) |
(6.15) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
2.01 |
(0.50) |
(1.09) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(11.07) |
3.52 |
2.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.94 |
0.85 |
0.89 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In Million |
Rs. In Million |
Rs. In Million |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
3.462 |
(0.001) |
(34.210) |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
13.462 |
9.999 |
(24.210) |
|
|
|
|
|
|
Long-term borrowings |
34.444 |
35.195 |
267.960 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
34.444 |
35.195 |
267.960 |
|
Debt/Equity ratio |
2.559 |
3.520 |
(11.068) |
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 |
|
Revenue from operations |
154.413 |
221.635 |
251.066 |
|
|
|
43.534 |
13.279 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In Million |
Rs. In Million |
Rs. In Million |
|
Revenue from operations |
154.413 |
221.635 |
251.066 |
|
Profit |
(8.974) |
(3.463) |
(34.209) |
|
|
(5.81%) |
(1.56%) |
(13.63%) |
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
26 |
Turnover of firm for last four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
WORKING RESULTS:
For
the year ended 31st March, 2014, the Company has earned a total
income of Rs.257.400 against previous year's Rs.221.738 million and has made
Profit/Loss after Tax of the Rs.(34.209) million as compared to Rs.(3.463)
million in the previous year
BUSINESS OUTLOOK:
Year
2013 - Number of new products are bang successfully introduced in the market
such as earthing system, fire protection system etc. during the last year.
Seminars and training programs for the new products are continuously done in
several cities and customer premises. This is a continues work which will be
done in year 2014 too. Trial and sample orders are received from various
customers. The results of the work are expected from year 2015 onwards.
Current
year we will start promotion of VBs - Connection and fastening products with an
exclusive team in Chennai Results are expected within 3 years
MANUFACTURING AND FACTORY:
Factory
construction is in Full Swing. Existing warehouse shifted by February 2014 in
the new premise. Completion of factory building will take place in October
2014. Machinery selection for production is under progress. Most probably trial
production will start by November 2014 and full production by end 2014.
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs. in Million) |
31.03.2013 (Rs. in Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Term Loan from Other Parties |
|
|
|
ECB from OBO Bettermann
Holding GmbH (Euro 400000/-) (Terms of Repayment - 5
instalments of Euro 100000/- each payable annually from 20.06.2013) |
33.495 |
35.195 |
|
ECB from OBO Bettermann
Holding GmbH (Euro 2800000/-) (Repayable on 31.12.2016) |
234.465 |
0.000 |
|
Total |
267.960 |
35.195 |
INDEX
OF CHARGES:
No Charges Exist for Company.
CONTINGENT LIABILITY
NOT PROVIDED FOR:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Guarantees given by Axis Bank, Chennai (against
Margin Money Deposit) on behalf of the Company |
0.732 |
0.476 |
FIXED ASSETS:
·
Leasehold Land
·
Computers
·
Vehicles
·
Furniture and Fittings
·
Office Equipment
·
Display Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.66.51 |
|
UK Pound |
1 |
Rs.104.01 |
|
Euro |
1 |
Rs.76.27 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--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 |
|
15 |
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.