MIRA INFORM REPORT
|
Report No. : |
329349 |
|
Report Date : |
29.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
TECNIMONT ICB PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Tecnimont ICB House, 504, Link Road, Chincholi Bunder, Malad (West), Mumbai – 400064,
Maharashtra |
|
Tel. No.: |
91-22-66945500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.07.1958 |
|
|
|
|
Com. Reg. No.: |
11-013544 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 13.968 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH1958PTC013544 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT08884B/ MUMT10392E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI2628B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Design, Engineering, Procurement, Project
Management, Construction and Commissioning of Industrial Plants. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established private limited company incorporated in
the year 1958, having good track. Subject is a wholly owned subsidiary of Tecnimont SpA, Italy Rating takes into consideration significant decrease in sales turnover
and net profit of the company in FY 14. Total Operating income of the company Rs. 12130.000 Million in FY 13
to Rs. 790.000 Million in FY 14. However, rating derive strength from experienced and professionally
managed promoter group and healthy capital structure. Trade relations are fair. Business is active. Payment terms are
regular and as per commitment. In view of strong managerial and financial support of the holding
company, the company can be considered for business dealings with usual trade
terms and conditions. Note: Partial information has taken from indirect sources i.e. CARE
ratings. |
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 |
CARE |
|
Rating |
Long Term Bank Facilities = “A+” |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
27.02.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = “A1+” |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
27.02.2015 |
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 DENIED
Management non-cooperative (91-22-6694500)
LOCATIONS
|
Registered Office : |
Tecnimont ICB House, 504, Link Road, Chincholi Bunder, Malad (West), Mumbai – 400064,
Maharashtra, India |
|
Tel. No.: |
91-22-66945500 |
|
Fax No.: |
91-22-66945599 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
New Delhi – India 501-B, Rectangle-1, D-4, Saket District Centre, Saket, New Delhi – 110017, India Tel/Fax : 91-11-41012874/75 Abu Dhabi - U.A.E. 301, Khalifa Bin Hamdan Al Mansouri, Liwa Street, P. O. Box 53440, Abu Dhabi, U.A.E. Tel: + 971-2-6226244 Fax: + 971-2-6226245 e-mail : ticbabd@emirates.net.ae
Kingdom of Saudi
Arabia 4th Floor Al Imam Center, (Fuji Film Building), Madina Road, P.O. Box 6895, Jeddah 21452, Kingdom of Saudi Arabia Tel: + 966-2-6926475 Fax : + 966-2-6926143 e-mail : infoticb.saudi@ticb.com Doha – Qatar Tecnimont ICB Qatar W.L.L., P.O. Box 16852, Doha, State of Qatar Tel: +974 4665557 Fax : +974 4650680 e-mail : b.venugopalan@ticb.com |
DIRECTORS
As on 02.09.2014
|
Name : |
Mr. Mario Ruzza |
|
Designation : |
Managing Director |
|
Address : |
VIA Baldassara, 5 Cogliate, Milano 20020 |
|
Date of Birth/Age : |
10.04.1954 |
|
Date of Appointment : |
09.10.2013 |
|
DIN No.: |
00256448 |
|
|
|
|
Name : |
Mr. Gianni Bardazzi |
|
Designation : |
Director |
|
Address : |
VIA Jacopo Nardi, 19, Fireze 50132 Italy |
|
Date of Birth/Age : |
31.01.1965 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
03121568 |
|
|
|
|
Name : |
Mr. Enrico Rolandelli |
|
Designation : |
Director |
|
Address : |
Via Fratelli Kennedy 19, Inverigo
Cono, 22044 |
|
Date of Birth/Age : |
11.01.1963 |
|
Date of Appointment : |
09.10.2013 |
|
DIN No.: |
06584914 |
|
|
|
|
Name : |
Mr. Pedaprolu Surya Prakasa Rao |
|
Designation : |
Whole-time director |
|
Address : |
B/72, Sarad Srishti Co-operative Housing Society Limited, Sector 3,
Mira Road (East), Thane – 401107, Maharashtra, India |
|
Date of Birth/Age : |
14.06.1957 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06640219 |
|
|
|
|
Name : |
Mr. Vishwas Dnyanu Desai |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. 1702, Stepps, Building No. 7, Vasant Lawns, Pokharan Road No.
2, Thane (West) – 400610, Maharashtra, India |
|
Date of Birth/Age : |
26.07.1957 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
05318771 |
|
|
|
|
Name : |
Mr. Thiyagarajan Bhupalasundaram |
|
Designation : |
Whole-time director |
|
Address : |
A-7, Niles Housing Society, Plot No.22, Sector – 14, Navi Mumbai –
400703, Maharashtra, India |
|
Date of Birth/Age : |
30.07.1964 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
05319033 |
KEY EXECUTIVES
|
Name : |
Mr. Parameswaran Parameswara Iyer Trikkur |
|
Designation : |
Secretary |
|
Address : |
A-3.302, Vikas Complex, Castle Mills, L B S Marg, Thane (East), Thane
– 400601, |
|
Date of Birth/Age : |
07.05.1953 |
|
Date of Appointment : |
05.12.1990 |
|
PAN No.: |
AACPT3955B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 02.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Tecnimont Planung UND Industrieanlagenbau GMBH |
|
1 |
|
Tecnimont S.P.A. |
|
1396809 |
|
|
|
|
|
Total |
|
1396810 |
Equity Share Break up (Percentage of Total Equity)
As on 02.09.2014
|
Category |
Percentage |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Design, Engineering, Procurement,
Project Management, Construction and Commissioning of Industrial Plants. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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|||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai, Maharashtra, India |
|
PAN No.: |
AADFD2337G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
Tecnimont SpA |
|
|
|
|
Fellow Subsidiary
Company : |
|
|
|
|
|
Joint Venture : |
Hazira Cryogenic Engineering and Construction Management Private Limited DIN No.:
U45201MH2001PTC134378 |
CAPITAL STRUCTURE
As on 02.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,396,809 |
Equity Shares |
Rs.10/- each |
Rs. 13.968
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 |
13.968 |
13.887 |
13.887 |
|
(b) Reserves & Surplus |
3425.900 |
3350.700 |
4712.600 |
|
(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) |
3439.868 |
3364.587 |
4726.487 |
|
|
|
|
|
|
(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 |
30.200 |
35.200 |
43.600 |
|
(d) long-term provisions |
134.200 |
189.700 |
225.000 |
|
Total
Non-current Liabilities (3) |
164.400 |
224.900 |
268.600 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
420.700 |
272.000 |
0.000 |
|
(b) Trade payables |
2184.132 |
2932.313 |
2041.313 |
|
(c) Other current liabilities |
1239.400 |
1017.900 |
1188.500 |
|
(d) Short-term provisions |
142.600 |
92.700 |
625.500 |
|
Total
Current Liabilities (4) |
3986.832 |
4314.913 |
3855.313 |
|
|
|
|
|
|
TOTAL |
7591.100 |
7904.400 |
8850.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
360.900 |
441.100 |
514.500 |
|
(ii) Intangible Assets |
9.900 |
12.400 |
20.900 |
|
(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) |
51.400 |
37.100 |
1.100 |
|
(d) Long-term Loan and Advances |
299.900 |
174.300 |
24.200 |
|
(e) Other Non-current assets |
84.700 |
76.800 |
21.400 |
|
Total
Non-Current Assets |
806.800 |
741.700 |
582.100 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
5863.900 |
5846.500 |
6022.600 |
|
(d) Cash and cash equivalents |
589.500 |
471.800 |
1209.200 |
|
(e) Short-term loans and
advances |
322.600 |
466.000 |
540.600 |
|
(f) Other current assets |
8.300 |
378.400 |
495.900 |
|
Total
Current Assets |
6784.300 |
7162.700 |
8268.300 |
|
|
|
|
|
|
TOTAL |
7591.100 |
7904.400 |
8850.400 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
52.400 |
437.300 |
1,256.900 |
|
|
|
|
|
|
|
|
TAX |
15.800 |
72.200 |
670.100 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
36.600 |
365.100 |
586.800 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2330.900 |
4143.600 |
4140.000 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Interim
Dividend paid |
0.000 |
1485.900 |
0.000 |
|
|
Final Dividend |
0.000 |
0.000 |
451.300 |
|
|
Tax on Dividend |
0.000 |
241.000 |
73.200 |
|
|
Transferred to General Reserve |
0.000 |
450.900 |
58.700 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
2367.500 |
2330.900 |
4143.600 |
|
|
|
|
|
|
|
|
Earnings/
(Loss) Per Share (Rs.) |
38.16 |
262.91 |
NA |
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximately) |
|
7890.000 |
12130.000 |
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 generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.69 |
5.56 |
14.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.13 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12 |
0.08 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.70 |
1.66 |
2.14 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
13.887 |
13.887 |
13.968 |
|
Reserves & Surplus |
4712.600 |
3350.700 |
3425.900 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
4726.487 |
3364.587 |
3439.868 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
272.000 |
420.700 |
|
Total
borrowings |
0.000 |
272.000 |
420.700 |
|
Debt/Equity
ratio |
0.000 |
0.081 |
0.122 |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
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 |
No |
|
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 |
Yes |
|
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 |
BACKGROUND
Subject was incorporated on 9 July 1958. The Company is engaged in Design, Engineering, Procurement, Project Management, Construction and Commissioning of Industrial Plants.
MERGER OF MAIRE
ENGINEERING INDIA PRIVATE LIMITED (MEIPL) WITH TECNIMONT ICB PVT. LTD. (TICB)
The amalgamation of MEIPL with the Company was completed vide Order of the Bombay High Court dated 4 th October, 2013. The Appointed Date of amalgamation was April 01, 2012. Accordingly the transactions of MEI from April 1, 2012 are reflected in the accounts for the year under review. Pursuant to the amalgamation, 8139 equity shares of the Company were issued to Tecnimont SpA, in lieu of their Shareholding in MEIPL as per the exchange ratio determined in the Share Valuation Report.
BUSINESS ENVIRONMENT
AND OPERATING PERFORMANCES
There were no award of new turnkey projects. The Company continues to undertake Electrical, Instrument and Mechanical construction projects and also provide Services for the execution of projects of Maire Tecnimont Group, on a global basis. The company is continuing to bid for new projects some of which are expected to fructify in due course.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90235117 |
22/01/2013 * |
3,900,000,000.00 |
State Bank of India |
COMMERCIAL BRANCH, N.G.N. VAIDYA MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
B67982363 |
*Date of charge modification
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
Intangible Assets
- Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.60 |
|
|
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Information Gathered
by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
58 |
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.