MIRA INFORM REPORT
|
Report No. : |
322284 |
|
Report Date : |
16.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
TECHNIP INDIA LIMITED |
|
|
|
|
Registered
Office : |
B-22 Okhla Industrial Area Phase I, New Delhi - 110020 |
|
Tel. No.: |
91-11-26812439 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
11.08.1971 |
|
|
|
|
Com. Reg. No.: |
55-005742 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs 140.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200DL1971PLC005742 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK3349R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company engaged in providing Design, Consultancy and Technical
Services, Execution of Projects and Fabrication of Equipments. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 8500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track. Trade relations are fair. Business is active. Payment terms are
reported as regular and as per commitments. The company can be considered good 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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.
INFORMATION DENIED
Management non co-operative
Contact No.: 91-22-67002000
LOCATIONS
|
Registered Office : |
B-22 Okhla Industrial Area Phase I, New Delhi - 110020, India |
|
Tel. No.: |
91-11-26812439 |
|
Fax No.: |
91-11-26819057 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
Operating Center:
|
·
Noida
Technip Tower, A -
4, Sector – 1, Noida-201301, Uttar Pradesh , India Tel: +91-120-4301000
B1 - 701, Boomerang, Chandivali Farm Road, Andheri (East), Mumbai - 400072, Maharashtra , India Tel: +91-22-67002000
Technip Centre 19, Velachery Main Road, Guindy, Chennai - 600 032, tamilnadu, India Tel No.: +91-44-22303100 |
|
|
|
Management Office:
|
A-602, Boomerang, Chandivali Farm Road, Andheri (East), Mumbai - 400072, Maharashtra , India |
Tel. No.:
|
91-22-67002000 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Gulsan Kumar Chhabra |
|
Designation : |
Whole Time Director |
|
Address : |
A-808, Dream Appartments, Plot No. 14, Sector 22, Dwarka, New Delhi –
110075, Delhi, India |
|
Date of Birth/Age : |
18.04.1956 |
|
Qualification : |
FICWA, B. Com |
|
Experience : |
38 Years |
|
DIN No.: |
00610959 |
|
|
|
|
Name : |
Emmanuelle Sylvie Rocle Florence |
|
Designation : |
Director |
|
Address : |
5 RUE Henri Kapferer 78360 Montesson, Paris – 78360, France |
|
Date of Birth/Age : |
07.05.1971 |
|
Date of Appointment : |
23.07.2012 |
|
DIN no.: |
03619968 |
|
|
|
|
Name : |
Mr. Nicoletta Gidrossi |
|
Designation : |
Director |
|
Address : |
18, RUE Weber, Paris – 75116, France |
|
Date of Birth/Age : |
16.05.1966 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
06979692 |
|
|
|
|
Name : |
Mr. Karimpet Shanker |
|
Designation : |
Whole Time Director |
|
Address : |
Shivalaya Plot No. 238-12, Ganesh Avenue Sakthi Nagar Porur, Shennai
-600116, Tamilnadu, India |
|
Date of Birth/Age : |
04.12.1948 |
|
Date of Appointment : |
01.05.2012 |
|
DIN No.: |
00101773 |
|
|
|
|
Name : |
Mr. Uccelletti Nello |
|
Designation : |
Director |
|
Address : |
Viale Castello Della, Magliana, 68, 00148 Rome. Italy |
|
Date of Birth/Age : |
02.04.1953 |
|
Date of Appointment : |
17.05.2013 |
|
DIN No.: |
00121706 |
|
Name : |
Mr. Hiro Mulram Wadhwani |
|
Designation : |
Alternate Director |
|
Address : |
15 Silver Oaks Avenue, DLF City Phase-I, Gurgaon – 122002, Haryana,
India |
|
Date of Birth/Age : |
14.07.1933 |
|
Date of Appointment : |
13.02.2013 |
|
DIN No.: |
00049871 |
|
|
|
|
Name : |
Mr. Samik Mukherjee |
|
Designation : |
Managing Director |
|
Address : |
15 Avenue Louis Bleriot Montesson 78360, France |
|
Date of Birth/Age : |
02.08.1970 |
|
Date of Appointment : |
01.05.2012 |
|
DIN No.: |
05240208 |
|
|
|
|
Name : |
Stephen Siegel |
|
Designation : |
Director |
|
Address : |
33 RUE De Laubepine, Montigny Le Bretonnex 78180, France |
|
Date of Birth/Age : |
25.11.1976 |
|
Date of Appointment : |
23.07.2012 |
|
|
05237249 |
KEY EXECUTIVES
|
Name : |
Mr. Prashant Sharma |
|
Designation : |
Secretary |
|
Address : |
H-701, Ansal Neelpadm-1, Plot No. 4, Sector – 5, Vaishali, Ghaziabad –
201012, Uttar Pradesh, Inida |
|
Date of Birth/Age : |
23.07.1975 |
|
Date of Appointment : |
01.11.2006 |
|
PAN No: |
ASAPS5358K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
SAS France Technip |
|
19948931 |
|
K. Balachandran |
|
10 |
|
Mr. Rocle Florence Jointly With Mr. Chopra Yashpal |
|
10 |
|
Mr. Boudalliez Samuel Jointly with Mr. Chhabra K Gulshan |
|
10 |
|
Mr. Stephen Siegel jointly with Mr. Prashant Sharma |
|
13 |
|
Mr. Aubry Marc Jean jointly with Mr Mathur S. C. |
|
13 |
|
Mukherjee Samik |
|
13 |
|
Total |
|
19949000 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
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 : |
The Company
engaged in providing Design, Consultancy and Technical Services, Execution of
Projects and Fabrication of Equipments. |
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
ABN Amro Bank,
N.V, 15, Hansalaya Building, Barakhamba Road, New Delhi - 110001, Delhi,
India |
|
Auditors : |
|
|
Name : |
S.R. Batliboi And Associates LLP Chartered Accountant |
|
Address : |
6th Floor, HT House 18-20, Kasturba, Gandhi Marg, New Delhi
- 110001, India |
|
PAN No.: |
ACHFS9118A |
|
|
|
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Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Parent company : |
Technip SA |
|
|
|
|
Holding Company : |
Technip France SAS, France |
|
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|
Fellow
Subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
45000000 |
Equity Shares |
Rs.10/- each |
Rs. 450.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
19949000 |
Equity Shares |
Rs.10/- each |
Rs. 199.490
Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
14000000 |
Equity Shares |
Rs.10/- each |
Rs. 140.000
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 |
140.000 |
140.000 |
140.000 |
|
(b) Reserves & Surplus |
2773.517 |
1453.472 |
1198.319 |
|
(c) Money
received against share warrants |
59.490 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2973.007 |
1593.472 |
1338.319 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
25.434 |
30.255 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.388 |
0.588 |
0.658 |
|
(d) long-term
provisions |
390.832 |
60.694 |
469.133 |
|
Total Non-current
Liabilities (3) |
416.654 |
91.537 |
469.791 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
2886.326 |
1713.287 |
1855.412 |
|
(c) Other
current liabilities |
8533.448 |
2258.736 |
2757.913 |
|
(d) Short-term
provisions |
948.316 |
826.909 |
190.644 |
|
Total Current
Liabilities (4) |
12368.090 |
4798.932 |
4803.969 |
|
|
|
|
|
|
TOTAL |
15757.751 |
6483.941 |
6612.079 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
593.787 |
480.374 |
321.334 |
|
(ii)
Intangible Assets |
15.496 |
8.679 |
6.803 |
|
(iii)
Capital work-in-progress |
5.056 |
0.964 |
1.304 |
|
(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) |
290.783 |
221.819 |
205.605 |
|
(d) Long-term Loan and Advances |
325.572 |
137.274 |
93.798 |
|
(e) Other
Non-current assets |
754.556 |
1304.160 |
479.146 |
|
Total Non-Current
Assets |
1985.250 |
2153.270 |
1107.990 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
2838.428 |
1632.055 |
3312.677 |
|
(d) Cash
and cash equivalents |
6910.453 |
1983.299 |
1717.855 |
|
(e)
Short-term loans and advances |
2540.684 |
367.627 |
283.892 |
|
(f) Other
current assets |
1482.936 |
347.690 |
189.665 |
|
Total
Current Assets |
13772.501 |
4330.671 |
5504.089 |
|
|
|
|
|
|
TOTAL |
15757.751 |
6483.941 |
6612.079 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8682.027 |
4473.287 |
6834.790 |
|
|
|
Other Income |
304.365 |
239.579 |
155.547 |
|
|
|
TOTAL |
8986.392 |
4712.866 |
6990.337 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1034.438 |
1026.572 |
3285.165 |
|
|
|
Employees benefits expense |
3744.446 |
1550.645 |
1129.436 |
|
|
|
Other expenses |
2616.498 |
1327.803 |
1717.926 |
|
|
|
TOTAL
|
7395.382 |
3905.020 |
6132.527 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1591.010 |
807.846 |
857.810 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1591.010 |
807.846 |
857.810 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
156.432 |
79.952 |
55.324 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1434.578 |
727.894 |
802.486 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
505.872 |
227.052 |
263.275 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
928.706 |
500.842 |
539.211 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
66.34 |
35.77 |
38.52 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
10.70 |
11.20 |
7.89 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
18.33 |
18.06 |
12.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.28 |
11.63 |
12.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.48 |
0.46 |
0.60 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01 |
0.02 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
0.90 |
1.15 |
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 |
140.000 |
140.000 |
140.000 |
|
Reserves & Surplus |
1198.319 |
1453.472 |
2773.517 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1338.319 |
1593.472 |
2913.517 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
30.255 |
25.434 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
30.255 |
25.434 |
|
Debt/Equity ratio |
0.000 |
0.019 |
0.009 |
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) |
|
Sales |
6834.790 |
4473.287 |
8682.027 |
|
|
|
(34.551) |
94.086 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
6834.790 |
4473.287 |
8682.027 |
|
Profit |
539.211 |
500.842 |
928.706 |
|
|
7.89% |
11.20% |
10.70% |
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 |
--- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
--- |
|
26] |
Buyer visit details |
Yes |
|
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 |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Long Term
Borrowing |
|
|
|
Long-Term Maturities of Finance Lease
Obligations |
25.533 |
30.255 |
|
Total |
25.533 |
30.255 |
FIXED ASSETS
- Land and
Building
- Plant and
Equipment
- Furniture and
Fixtures
- Vehicles
- Office
Equipment
- 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 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.63.58 |
|
|
1 |
Rs. 100.30 |
|
Euro |
1 |
Rs. 72.38 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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.