MIRA INFORM REPORT
|
Report No. : |
302478 |
|
Report Date : |
12.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PHOENIX CONTACT INDIA PRIVATE LIMITED |
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|
Registered
Office : |
A- 58/2, Okhla Industrial Area, Phase- II, New Delhi - 110020 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
17.06.1992 |
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Com. Reg. No.: |
55-049206 |
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Capital
Investment / Paid-up Capital : |
Rs. 2492.558
Millions |
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CIN No.: [Company Identification
No.] |
U74899DL1992PTC049206 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP09165C |
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PAN No.: [Permanent Account No.] |
AAACP0313L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Connectors, Terminal Blocks its Parts and
Accessories broadly Electrical and Electronics Components etc., |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate operational
risk profile marked by weak operational performance and huge accumulated
losses incurred by the company. However, trade relations are fair. Business is active. Payments are
reported to be slow. The company can be considered for business dealings with some
caution. |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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.
LOCATIONS
|
Registered Office/ Factory 1 : |
A- 58/2, Okhla Industrial Area, Phase- II, New Delhi – 110020, India |
|
Tel. No.: |
91-11-30262800/ 835 |
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Fax No.: |
91-11-26383835/285 |
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E-Mail : |
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Website : |
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Factory 2 : |
F- 26/2, Okhla Industrial Area, Phase- II, New Delhi - 110020, India |
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Tel. No.: |
91-11-30262700 |
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Fax No.: |
91-11-41611070/ 41611071 |
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E-Mail : |
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Factory 3 : |
Prithala - Dhatir Road, Village Dudhola, The Palwal, District
Faridabad - 121102, Haryana, India |
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Tel. No.: |
91-1275-304300 |
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Fax No.: |
91-1275-304301 |
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E-Mail : |
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Regional Offices : |
Located at: Southern Region ·
Bangalore ·
Chennai ·
Coimbatore ·
Hyderabad Western Region ·
Mumbai ·
Pune ·
Ahmedabad ·
Baroda ·
Surat ·
Indore Eastern Region ·
Kolkata ·
Jamshedpur ·
Raipur Northern Region ·
Delhi ·
Chandigarh |
DIRECTORS
As on: 10.09.2014
|
Name : |
Mr. Ravinder Singh Sabharwal |
|
Designation : |
Director |
|
Address : |
F-47, 2nd Floor, Lajpat Nagar, New Delhi – 110024,
India |
|
Date of Birth/Age : |
07.11.1956 |
|
Date of Appointment : |
31.08.2006 |
|
PAN No.: |
AATPS3915P |
|
Voter ID No.: |
DL/01/005/048897 |
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DIN No.: |
00452889 |
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|
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|
Name : |
Mr. Frank Stuehrenberg |
|
Designation : |
Director |
|
Address : |
Sieben Hugel 38, 33615 Bielefeld, Germany |
|
Date of Birth/Age : |
07.04.1963 |
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Date of Appointment : |
23.01.2002 |
|
Passport No.: |
555962297 |
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DIN No.: |
00984899 |
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|
Name : |
Mr. Ralf Massmann |
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Designation : |
Director |
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Address : |
Werster Strasse-125, 32584, Lohne, Germany |
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Date of Birth/Age : |
07.07.1968 |
|
Date of Appointment : |
02.05.2001 |
|
DIN No.: |
01081734 |
KEY EXECUTIVES
|
Name : |
Mr. Vivek Kumar Shukla |
|
Designation : |
Secretary |
|
Address : |
500/5A, Govindpuri, Kalkaji, New Delhi – 110019, India |
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Date of Birth/Age : |
12.04.1986 |
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Date of Appointment : |
09.08.2010 |
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PAN No.: |
BRWPS7770R |
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Name : |
Mr. Dinesh Parwanda |
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Designation : |
President |
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Date of Birth/Age : |
55 Years |
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Qualification : |
Higher Secondary |
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Experience : |
26 Years |
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|
Name : |
Mr. Ashish Manchanda |
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Designation : |
Marketing Manager |
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Date of Birth/Age : |
43 Years |
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Qualification : |
Elect. Engg., M.B.A. |
|
Experience : |
22 Years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 10.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Phoenix Contact Gmbh and Company KG, Germany |
24700326 |
99.10 |
|
Dinesh Parwanda |
225256 |
0.90 |
|
Total |
24925582 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 10.09.2014
|
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 |
99.10 |
|
Other top fifty shareholders |
0.90 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Connectors, Terminal Blocks its Parts and
Accessories broadly Electrical and Electronics Components etc., |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· Indian Overseas Bank, Kailash Colony, New Delhi - 110048, India · Bharat Overseas Bank Limited, HS – 31, Kailash Colony Market New Delhi – 110048, India |
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Auditors : |
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Name : |
Bansal and Company Chartered Accountants |
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Address : |
A-6, Maharani Bagh, New Delhi – 110065, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFB6603L |
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Membership:
|
Not Available |
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Holding company
: |
Phoenix Contract GMBH and Company, Germany |
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Associate : |
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Enterprises
which are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Trinity Touch Private Limited [U74899DL1970PTC005320] · EC Trading |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25995000 |
Equity Shares |
Rs.100/- each |
Rs. 2599.500 Millions |
|
5000 |
Preference Share |
Rs.100/- each |
Rs. 0.500 Million |
|
|
Total |
|
Rs. 2600.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24925582 |
Equity Shares |
Rs.100/- each |
Rs.2492.558
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
2492.558 |
2252.558 |
2252.558 |
|
(b) Reserves & Surplus |
(1320.009) |
(1214.031) |
(863.392) |
|
(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) |
1172.549 |
1038.527 |
1389.166 |
|
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|
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(3)
Non-Current Liabilities |
|
|
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(a) long-term borrowings |
168.680 |
141.880 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
4.231 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
9.261 |
10.261 |
|
(d) long-term
provisions |
25.830 |
24.357 |
23.820 |
|
Total Non-current
Liabilities (3) |
198.741 |
175.498 |
34.081 |
|
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|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
60.339 |
68.520 |
|
(b) Trade
payables |
652.100 |
493.903 |
484.652 |
|
(c) Other
current liabilities |
36.972 |
27.645 |
105.582 |
|
(d) Short-term
provisions |
17.740 |
18.746 |
21.415 |
|
Total Current Liabilities
(4) |
706.812 |
600.633 |
680.169 |
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|
|
|
|
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TOTAL |
2078.102 |
1814.658 |
2103.416 |
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
496.148 |
492.304 |
418.491 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
374.335 |
|
(iii)
Capital work-in-progress |
5.457 |
5.360 |
18.118 |
|
(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) |
56.988 |
6.396 |
7.598 |
|
(d) Long-term Loan and Advances |
9.205 |
8.450 |
8.882 |
|
(e) Other
Non-current assets |
191.834 |
0.309 |
0.807 |
|
Total Non-Current
Assets |
759.632 |
512.819 |
828.231 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
590.145 |
627.936 |
635.651 |
|
(c) Trade
receivables |
534.353 |
540.796 |
502.845 |
|
(d) Cash and
cash equivalents |
71.381 |
2.982 |
2.965 |
|
(e)
Short-term loans and advances |
118.555 |
110.700 |
125.887 |
|
(f) Other
current assets |
4.036 |
19.425 |
7.837 |
|
Total
Current Assets |
1318.470 |
1301.839 |
1275.185 |
|
|
|
|
|
|
TOTAL |
2078.102 |
1814.658 |
2103.416 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TURNOVER/INCOME (A) |
2043.491 |
1874.147 |
1971.052 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
2115.258 |
1756.294 |
1828.816 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(71.767) |
117.853 |
142.236 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
4.528 |
7.774 |
3.874 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(76.295) |
110.079 |
138.362 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
80.165 |
73.711 |
54.712 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(156.460) |
36.368 |
83.650 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(50.482) |
387.007 |
405.225 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(105.978) |
(350.639) |
(321.575) |
|
|
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|
|
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
156.460 |
291.022 |
196.796 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORT |
NA |
1036.426 |
1172.501 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(4.25) |
(15.57) |
(14.28) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.76) |
2.02 |
4.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.13) |
0.04 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.14 |
0.19 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87 |
2.17 |
1.87 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
2252.558 |
2252.558 |
2492.558 |
|
Reserves & Surplus |
(863.392) |
(1214.031) |
(1320.009) |
|
Net worth |
1389.166 |
1038.527 |
1172.549 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
141.880 |
168.680 |
|
Short term borrowings |
68.520 |
60.339 |
0.000 |
|
Total borrowings |
68.520 |
202.219 |
168.680 |
|
Debt/Equity ratio |
0.049 |
0.195 |
0.144 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Turnover /Total Income |
1971.052 |
1874.147 |
2043.491 |
|
|
|
(4.916) |
9.036 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Turnover /Total Income |
1971.052 |
1874.147 |
2043.491 |
|
Profit/Loss |
(321.5750 |
(350.6390 |
(105.978) |
|
|
(16.31%) |
(18.71%0 |
(5.19%) |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
LITIGATION
DETAILS:
IN THE HIGH COURT OF DELHI AT NEWDELHI
|
Mac. App. 665/2014 Oriental Insurance Company Limited…Appellant Through Mr. Pankaj Seth, Advocate. Versus: M/S Phoenix Contact (India) Private
Limited and ORS..... Respondents through None. Coram: HON'BLE MR. JUSTICE JAYANT NATH Order: 28.07.2014 Cm No.11917/2014 (Exemption) Exemption Is Allowed Subject To Just
Exceptions. Mac. App. 665/2014 and Cm No.11916/2014
(Stay) Learned counsel appearing for the appellant
submits that respondent no.1 whose vehicle being BMW was damaged has already
recovered a sum of Rs. 229245/- from his own Insurance Company-ICICI
Lombard Insurance Company. He submits that this amount was paid keeping
in view the report of the surveyor and the depreciation of the vehicle in
question which was more than three years old. Issue notice to respondent no.1 by ordinary
process and speed post, Returnable for 20.01.2015. In the meantime, on the appellant depositing
the entire awarded amount along with interest with the registrar
general within four week from today, the recovery of the awarded amount shall
remain stayed. The amount be kept in FD with UCO bank, Delhi high court
branch for one year with appropriate renewal. Trial Court Record Be Requisitioned For the
Next Date. Jayant Nath, J July 28, 2014 |
OPERATONS OF THE
COMPANY:
The revitalization of global economy continued during the calendar year 2013 and the global economy ended the year on a better footing as compared to the start of the year. The growth momentum is expected to be carried forward during the year 2014. The International Monetary Fund forecasts that world output will grow 3.6% in 2014, compared to 2.9% during 2013. The world Gross Domestic Product (GDP), as reported by the International Monetary Fund (IMF), witnessed a growth of 3% in 2013 as compared to a growth of 3.2% in 2012. Both advanced economies and emerging and developing economies witnessed the slowdown in growth at 1.3% and 4.7% respectively.
However, in the second half of the Financial Year 2013-14, macroeconomic conditions showed a sign of stabilization in certain developed regions including Europe but the growth remains anemic. Similarly, the GDP growth in India at 4.7% in Financial Year 2013-14, marks a second straight year of sub-5% growth? The worst slowdown in more than a quarter of a century. This is largely attributed to sluggish growth in investments and tight monetary policy by the Reserve Bank of India leading to demand contraction.
While the global economic recalibration is playing out in an irieosuted way, global, business lenders nor becoming increasingly confident about the sustained business growth than they were last year. Global corporations, performance and investor confidence were reflected in the sharp movement of world capital market during 2013.
Financial Year 2013-14 has been a challenging year with subdued economic growth, as a result of higher, financial interest rates, lower industrial growth and lower investing in the country, along with the poor condition of the global economy. Lower, the Indian economy is expected to perform continually well in the coining year's. With n stable government at the center, significant policy clings arc anticipated iii the near future. The government focus on infrastructure development more foreign direct investment inflow and more transparency iii government is likely to significantly increase the business of the country.
The company is working hard to standardized, rationalize and transform business operations to become operationally efficient and remain cost competitive in the market place, The Company is working closely with its customers to gain deeper insights into customers? Needs to realign its offerings accordingly.
The company's revenue from operation has increased by 9%. The loss before tax was INR.
156.46 Million During the year; the decrease is mainly because of unfavorable foreign exchange fluctuation.
UNSECURED LOANS
|
Particular |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
168.680 |
141.880 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand |
0.000 |
60.339 |
|
|
|
|
|
Total |
168.680 |
202.219 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
FIXED ASSETS:
· Land
· Buildings
· Residential building
· Factory building
· Plant and equipment
· Factory equipments
· Other pollution reduction equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
· Leasehold improvements
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.62.39 |
|
|
1 |
Rs.94.17 |
|
Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
4 |
|
--BUSINESS SCALE |
1~10 |
- |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
26 |
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.