MIRA INFORM REPORT
|
Report No. : |
354778 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
RISO INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
702,
Madhuban Building, 55, Nehru Place, New Delhi – 110019, Delhi |
|
Tel. No.: |
91-120-4721300 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
18.06.1998 |
|
|
|
|
Com. Reg. No.: |
55-094562 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 63.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30000DL1998PTC094562 |
|
|
|
|
IEC No.: |
0506080251 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR13520D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR4540C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Digital Duplicator Machines. (From Indirect Sources) |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of RISO Kagaku Corporation (Japan)
incorporated in the year 1998. For the FY 15, the company has achieved decent revenue base marked by
fair profit margin. Operational performance has improved as compared to previous year. Rating takes into consideration adequate net worth base, decent cash
accruals and zero debt balance sheet. Trade relations are fair. Business is active. Payments are regular and
as per commitment. In view of strong holding, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Rakesh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-120-4721300 |
|
Date : |
14.12.2015 |
LOCATIONS
|
Registered Office : |
702,
Madhuban Building, 55, Nehru Place, New Delhi - 110019, Delhi, India |
|
Tel. No.: |
91-120-4721300 |
|
Fax No.: |
91-120-4281668 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
B-3, Sector-4, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4721300 |
|
Fax No.: |
91-120 4281668 |
|
E-Mail : |
|
|
|
|
|
East Support Office
: |
202, Sagar Trade Cube, 104, S.P. Mukherjee Road, Kolkata –
700026 West Bengal, India |
|
Tel. No.: |
91-33-40605004 |
|
E-Mail : |
|
|
|
|
|
West Support Office
: |
403, 4th Floor Corporate House, Opposite Torrent
House, Near Nirma House Off Ashram Road, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-27541568 |
|
E-Mail : |
|
|
|
|
|
South Support
Office : |
Plot No.23, 1st Floor, S.V. Towers Sikh Road,
Vigneshwara CHS Diamond Point (Thokatta), Secunderabad – 500008 Andhra
Pradesh, India |
|
Tel. No.: |
91-40-40203008 |
|
E-Mail : |
|
|
|
|
|
Warehouse : |
Care of Fedex Express Transportation and SCS, D16/1, Okhla Industrial
Area, Phase II, New Delhi – 110020, India |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Sanjeev Madan |
|
Designation : |
Managing Director |
|
Address : |
E-41, Sector - 30, Noida - 201303, Uttar Pradesh, India |
|
Date of Birth/Age : |
14.09.1960 |
|
Qualification : |
Graduate |
|
Experience : |
33 Years |
|
Date of Appointment : |
19.04.2007 |
|
PAN No.: |
AAAPM5718R |
|
DIN No.: |
00167447 |
|
Name : |
Takashi Emukai |
|
Designation : |
Director |
|
Address : |
295-1, Yamashita Gumyoji Minami Ward, Yokohama, Japan |
|
Date of Birth/Age : |
21.06.1963 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
22.08.2014 |
|
DIN No.: |
06968776 |
|
Name : |
Mr. Soichiro Hashimoto |
|
Designation : |
Additional Director |
|
Address : |
3-8-15-410, Kishiya Tsurumi-Ku Yokohama, Kanagawa, Japan - 2300078 |
|
Date of Birth/Age : |
28.10.1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
22.08.2013 |
|
DIN No.: |
06559750 |
|
Name : |
Mr. Yasuhiro Takahashi |
|
Designation : |
Director |
|
Address : |
1881-96, Ami-Machi Inashiki-Gun Ibaraki – 3000331, Japan |
|
Date of Birth/Age : |
21.08.1954 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
23.08.2010 |
|
DIN No.: |
03090453 |
|
Name : |
Mr. Tadashi Sasaki |
|
Designation : |
Director |
|
Address : |
1-18-5-502, Kamata, Setagaya-Ku, Tokyo - 1570077, Japan |
|
Date of Appointment : |
21.08.2015 |
|
DIN No.: |
07265291 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Gupta |
|
Designation : |
Secretary |
|
Address : |
39, Chandra Vihar, Opposite Balaknath Temple, Near I.P. Extension (Patparganj), Delhi - 110092, Delhi, India |
|
PAN No.: |
AESPG7232E |
|
Qualification : |
FCS, FCMA |
MAJOR SHAREHOLDERS
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
RISO
Kagaku Corporation, Japan (Tamachi
Center Building, 5-34-7, Shiba, Minato-Ku Tokyo - 108-8385, Japan) |
|
6,299,900 |
|
RISO
Okinawa Corporation, Japan (2-6-22-201, Uchima,
Urasoe Okinawa - 901-2121, Japan) |
|
100 |
|
Total |
|
6,300,000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 22.08.2014
|
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 and Importer of Digital Duplicator Machines. (From Indirect Sources) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Japan |
|
|
|
|
Terms : |
|
|
Selling : |
Depend |
|
|
|
|
Purchasing : |
Depend |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Bankers : |
|
|
Auditors : |
|
|
Name : |
BSSR and Company Chartered Accountants |
|
Address : |
Building No. 10, 8th Floor, Tower B, DLF Cyber City, Phase-II, Gurgaon – 122002, Haryana, India |
|
Tel. No.: |
91-124-2549191 |
|
Fax No.: |
91-124-2549101 |
|
PAN No. of
Auditors Firm: |
AAKFB4430H |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Holding and Ultimate
Holding Company : |
|
CAPITAL STRUCTURE
AS ON 21.08.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,300,000 |
Equity Shares |
Rs.10/- each |
Rs. 63.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,300,000 |
Equity Shares |
Rs.10/- each |
Rs. 63.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
63.000 |
63.000 |
63.000 |
|
(b) Reserves & Surplus |
62.732 |
62.695 |
58.212 |
|
(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) |
125.732 |
125.695 |
121.212 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
6.495 |
3.931 |
3.344 |
|
Total Non-current
Liabilities (3) |
6.495 |
3.931 |
3.344 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
140.211 |
117.914 |
122.737 |
|
(c) Other current
liabilities |
26.322 |
43.919 |
14.086 |
|
(d) Short-term
provisions |
11.329 |
0.104 |
0.392 |
|
Total Current
Liabilities (4) |
177.862 |
161.937 |
137.215 |
|
|
|
|
|
|
TOTAL |
310.089 |
291.563 |
261.771 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
10.675 |
6.505 |
6.356 |
|
(ii)
Intangible Assets |
0.082 |
0.092 |
0.133 |
|
(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) |
3.237 |
2.635 |
3.089 |
|
(d) Long-term Loan and Advances |
1.986 |
2.967 |
5.279 |
|
(e) Other Non-current
assets |
10.296 |
0.000 |
0.225 |
|
Total Non-Current
Assets |
26.276 |
12.199 |
15.082 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
87.305 |
60.913 |
66.825 |
|
(c) Trade
receivables |
58.684 |
58.376 |
76.766 |
|
(d) Cash
and cash equivalents |
102.623 |
107.020 |
84.225 |
|
(e)
Short-term loans and advances |
19.835 |
19.003 |
16.204 |
|
(f) Other
current assets |
15.366 |
34.052 |
2.669 |
|
Total
Current Assets |
283.813 |
279.364 |
246.689 |
|
|
|
|
|
|
TOTAL |
310.089 |
291.563 |
261.771 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
410.655 |
383.119 |
|
|
|
Other Income |
10.618 |
8.247 |
|
|
|
TOTAL SALES |
421.273 |
391.366 |
370.614 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
340.033 |
295.836 |
363.937 (Including Financial Expenses) |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(26.392) |
5.912 |
|
|
|
Employees benefits
expense |
36.844 |
33.311 |
|
|
|
Other expenses |
46.987 |
44.713 |
|
|
|
TOTAL EXPENSES |
397.472 |
379.772 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
23.801 |
11.594 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.143 |
0.983 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
22.658 |
10.611 |
6.677 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1.965 |
2.824 |
2.995 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
20.693 |
7.787 |
3.682 |
|
|
|
|
|
|
|
Less |
TAX |
9.471 |
3.304 |
0.151 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
11.222 |
4.483 |
3.531 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
60.230 |
55.747 |
52.216 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
BALANCE SHEET |
71.452 |
60.230 |
55.747 |
|
|
|
|
|
|
|
|
EARNINGS / (LOSS) PER
SHARE (RS.) |
1.78 |
0.71 |
0.56 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash generated from (Used) operations |
3.410 |
19.969 |
NA |
|
Cash generated from Operating Activities |
(5.67) |
19.456 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
2.66 |
1.14 |
0.95 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/ Total Income) |
(%) |
5.80 |
3.03 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.74 |
2.70 |
1.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.06 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.73 |
1.80 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
63.000 |
63.000 |
63.000 |
|
Reserves & Surplus |
58.212 |
62.695 |
62.732 |
|
Net
worth |
121.212 |
125.695 |
125.732 |
|
|
|
|
|
|
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 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
370.614 |
391.366 |
421.273 |
|
|
|
5.599 |
7.642 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
370.614 |
391.366 |
421.273 |
|
Profit |
3.531 |
4.483 |
11.222 |
|
|
0.95% |
1.15% |
2.66% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS:
The company has reported total income of Rs. 421.273 Million for the current year as compared to Rs. 391.366 Million in the previous year. The net profit for the year under review amounted to Rs. 11.222 Million in the current year as compared to Rs. 4.483 in the previous year.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS:
The company has very ambitious plans for next three years viz. 2015/16 2017/18. The company is determined to grow the sales in these years. The company is focusing and making strategic plans to sell ComColor machines very aggressively in the years to come. The company is in the mode of increasing its sales activities and expanding the channel base. The company is aggressively participating in various Exhibitions and road-shows to increase its customer base.
INDEX OF CHARGES: NO CHARGES EXISTS FOR THE COMPANY
FIXED ASSETS
- Land and Building
- Furniture’s and Fixtures
- Office Equipment
- Computer
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 66.99 |
|
|
1 |
Rs. 101.78 |
|
Euro |
1 |
Rs. 73.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
AMT |
|
|
|
|
Report Prepared
by : |
SYL |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
48 |
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.