MIRA INFORM REPORT

 

 

Report No. :

348051

Report Date :

06.11.2015

 

IDENTIFICATION DETAILS

 

Name :

DHL LOGISTICS PRIVATE LIMITED  (w.e.f. 07.06.2012)

 

 

Formerly Known As :

DHL LEMUIR LOGISTICS PRIVATE LIMITED (w.e.f. 08.10.2007)

 

EXEL INDIA PRIVATE LIMITED

 

MSAS GLOBAL LOGISTICS (INDIA) PRIVATE LIMITED (w.e.f. 28.12.1998)

 

MSAS BLUE SKIES PRIVATE LIMITED

 

MSAS BLUE SKIES LIMITED

 

 

Registered Office :

201 A, Silver Utopia, Cardinal Gracias Road, Chakala, Andheri (East), Mumbai – 400099, Maharashtra

Tel. No.:

91-22-61985100

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

08.05.1996

 

 

Com. Reg. No.:

11-099340

 

 

Capital Investment / Paid-up Capital :

Rs. 1614.800 Million

 

 

CIN No.:

[Company Identification No.]

U63090MH1996PTC099340

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACM6864H

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Providing air freight, custom clearance, warehouse and distribution, project forwarding and bulk handling services.

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa (80)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

USD 9349900

 

 

Status :

Excellent

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a a subsidiary of ‘Deutsche Post AG’, Germany. The company offers air freight, custom clearance, warehouse and distribution, project forwarding and bulk handling. Its other value added services includes vendor management, logistics planning, route planning, inspection centers, destination clearance and post-shipment documentation, strategic inventory management and direct expenses inventory services.

 

DHL ranked 121st amongst fortune 500 company with brand name value of USD 9,889 million and enterprise value of USD 35,536 Million.

 

With respect to the Indian operations, the company possesses healthy operational risk profile and it has achieved total revenue of Rs. 20251.878 million with profit of Rs. 495.621 million as compared to previous revenue (2013) of Rs. 25556.575 million along with a profit of Rs. 693.121 million.

 

Company possesses strong financial risk profile marked by strong operating efficiencies along with adequate net worth base and favorable liquidity profile of the company.

 

Rating also takes into consideration its diversified service offering backed by its widespread geographical networks and decent brand recognition of its services.

 

Rating strength is partially marked by working capital intense nature of business operations and exposure to intense competition in the logistic business from organized and unorganized players in the industry.

 

Trade relations are reported as trustworthy. Payments are reported to be regular and as per commitment.

 

In view of aforesaid, the company can be considered good for normal 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 DECLINED BY

 

Name :

Mr. Sudhir Dalvi

Designation :

Accountant

Contact No.:

91-22-61985100

Date :

03.11.2015

 

 

LOCATIONS

 

Registered Office :

201 A, Silver Utopia, Cardinal Gracias Road, Chakala, Andheri (East), Mumbai – 400099, Maharashtra, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

mohan.more@dhl.com

Website:

http://www.dhl.co.in

 

 

Branch Offices

Located at:

 

·         Trivandrum

·         Kochi

·         Coimbatore

·         Devanahalli

·         Chennai

·         Secunderabad

·         Verna Salcette

·         Pune

·         Cidko

·         Aurangabad

·         Visakhapatnam

·         Bhubaneswar

·         Vadodara

·         Indore

·         Ahmedabad

·         Jaipur

·         Gurgaon

·         Lajput Kunj

·         Gandhi Nagar

·         Gandhi Nagar

·         Chandigarh

·         Kanpur

·         Gandhidham Kutch

·         Palas Pali

 

 

DIRECTORS

 

AS ON 30.12.2014

 

Name :

Mr. Kai Yuen Leung

Designation :

Additional Director

Address :

14 A, Trafalgar Court, 70, Tai Hang Road, Hongkong, Na, Hong Kong

Date of Birth/Age :

01.10.1966

Date of Appointment :

24.11.2014

DIN No.:

07017950

 

 

Name :

Mr. Alejandro  Arboleda

Designation :

Additional director

Address :

1, Grange Garden, # 10-06,Grange, The Singapore, Singapore, 249631, Singapore

Date of Birth/Age :

11.06.1969

Date of Appointment :

18/11/2010

DIN No.:

03395825

 

 

Name :

Mr. Samar Surendra Nath

Designation :

Whole-time director

Address :

205 Panch Leela Near S M Shetty School, Hiranandani Garden Powai, Mumbai- 400072, Maharashtra, India

Date of Birth/Age :

25.12.1973

Date of Appointment :

30.07.2014

DIN No.:

02635519

 

 

KEY EXECUTIVES

 

Name :

Mr. Rodney Pereira

Designation :

Secretary

Address :

8, Deepak Silverline, Opposite Mehboob Studio,, 321, Hill Road, Bandra, Mumbai-400050, Maharashtra, India

Date of Birth/Age :

01.05.1954

Date of Appointment :

06.12.2007

PAN No.:

AAAPP1553D

 

 

Name :

Mr. Sudhir Dalvi

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.12.2014

 

Names of Shareholders

 

No. of Shares

 

Deutche Post International B.V., Netherland

 

80480000

DHL Global Forwarding Management (Asia Pacific) Pte Limited, Singapore

 

78000000

Ocean Overseas Holding Limited, UK

 

3000000

Total

 

161480000

 

 

AS ON 30.12.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Providing air freight, custom clearance, warehouse and distribution, project forwarding and bulk handling services.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Bank Name:

Not Divulged

Branch:

Not Divulged

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

 

Facilities :

--

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Price Waterhouse

Chartered Accountants

Address :

Lovelock and Lewes, 252 Veer Savarkar Marg, Shivaji Park Dadar West, Mumbai-200028, Maharashtra, India

Income-tax PAN of auditor or auditor's firm :

AAFFP3698A

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Ultimate Holding Company:

Deutsche Post AG, Germany

 

 

Fellow Subsidiary Company:

·         Danmar Lines AG - Switzerland

·         DHL Global Forwarding, USA

·         DHL Global Forwarding Gmbh

·         DHL Global Forwarding (Hong Kong) Limited

·         DHL Global Forwarding (UK) Limited

·         DHL Global Forwarding (Singapore) Pte.Limited

·         DHL Global Forwarding – China

·         DHL Global Forwarding Kenya Limited

·         DHL Logistics (Switzerland) Limited

·         DHL Global Forwarding (Canada) Inc.

·         DHL Global Forwarding (Australia) Pty Limited

·         DHL Supply Chain Singapore Pte. Limited

·         DHL Global Forwarding (Netherlands) B.V.

·         DHL Global Forwarding (NZ) Limited

·         DHL Global Forwarding Senegal SA

·         DHL Global Forwarding (Thailand) Limited

·         Exel Inc

·         DHL Express (India) Private Limited (U64120MH2001PTC131743)

·         StarBroker AG

·         Blue Dart Express Limited (L61074MH1991PLC061074)

·         Lee and Muirhead Private Limited

·         Blue Dart Aviation Limited, India (U35303MH1994PLC078691)

·         DHL Supply Chain Management GmbH, Singapore

 

 

Other Related Parties :

·         Deutsche Post International B.V. Netherlands

·         DHL Global Forwarding Management (Asia Pacific) Pte Limited Singapore

·         DHL Global Forwarding Management Gmbh Germany

 

 

Enterprises in which persons described above exercise significant influence:

·         Lee and Muirhead Private Limited

·         Lemuir Air Express

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

163,000,000

Equity Shares

Rs. 10/- each

Rs. 1630.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

161,480,000

Equity Shares

Rs. 10/- each

Rs. 1614.800 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

1614.800

1614.800

1614.800

(b) Reserves & Surplus

1657.669

2638.856

1945.735

(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)

3272.469

4253.656

3560.535

 

 

 

 

(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

51.487

34.966

(d) long-term provisions

390.803

498.189

433.350

Total Non-current Liabilities (3)

390.803

549.676

468.316

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

1995.165

2601.627

2386.383

(c) Other current liabilities

455.065

675.148

609.482

(d) Short-term provisions

6.532

135.324

114.236

Total Current Liabilities (4)

2456.762

3412.099

3110.101

 

 

 

 

TOTAL

6120.034

8215.431

7138.952

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

185.219

791.211

464.539

(ii) Intangible Assets

303.603

668.061

831.668

(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)

154.306

280.416

247.654

(d)  Long-term Loan and Advances

882.395

1000.439

953.176

(e) Other Non-current assets

1.768

3.160

0.945

Total Non-Current Assets

1527.291

2743.287

2497.982

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

3647.435

4385.111

3578.646

(d) Cash and cash equivalents

595.037

355.655

538.058

(e) Short-term loans and advances

225.981

433.130

292.023

(f) Other current assets

124.290

298.248

232.243

Total Current Assets

4592.743

5472.144

4640.970

 

 

 

 

TOTAL

6120.034

8215.431

7138.952

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Revenue from Operations

20251.878

25556.575

 

 

Other Income

310.490

343.058

 

 

 

TOTAL                                    

20562.368

25899.633

24612.832

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

19512.199

24480.794

23088.331

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

1050.169

1418.839

1524.501

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

188.657

357.380

354.263

 

 

 

 

 

 

PROFIT BEFORE TAX

861.512

1061.459

1170.238

 

 

 

 

 

Less

TAX                                                                 

365.891

368.338

179.200

 

 

 

 

 

 

PROFIT AFTER TAX

495.621

693.121

991.038

 

 

 

 

 

 

Earnings Per Share (Rs.)

3.07

4.29

168.54

 

 

 

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

 

 

 

 

Net Cash Flow from (used in) Operations

753.237

661.195

1025.112

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

2.45

2.71

NA

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

14.44

13.38

16.98

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.26

0.25

0.33

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.00

0.00

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.87

1.60

1.49

 

 

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

1614.800

1614.800

1614.800

Reserves & Surplus

1945.735

2638.856

1657.669

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

3560.535

4253.656

3272.469

 

 

 

 

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

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

24612.832

25899.633

20562.368

 

 

5.228

(20.607)

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

24612.832

25899.633

20562.368

Profit

991.038

693.121

495.621

 

4.03%

2.68%

2.41%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report

(Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

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

No

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

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

 

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

 

GENERAL INFORMATION

 

The company is a private limited company, Deutsche Post AG, Germany (DPDHL) is the ultimate holding company.

 

The Company is engaged in the business of

 

- Freight forwarding, which involves air import and export operations, ocean import and export operations, custom clearance activities and other ancillary activities;

- Supply chain, which involves warehousing, transportation and other ancillary activities; and

- Global service centre which involves giving support services to other DPDHL group companies

 

OPERATIONS:

 

During the financial year/period ended March 31, 2014 the Company has achieved turnover of Rs.20.251 Million. Total expenses during the year/period were Rs.19,700.855 Million. Profit after tax of the Company was Rs.495.620 Million. The Management is expanding the business operation and hopeful to have better results in coming years also.

 

FUTURE PROSPECTS:

 

The Brand under which Company operates is well established and well known hence, future prospectus of the Company is bright. The future prospectus of the Company is mainly depends upon the economy of the Company. As economy is growing and showing positive and progressive sign, your Company will also grow and future of the Company is bright.

 

SCHEME OF DE-MERGER:

 

Pursuant to Scheme of De-merger between the DHL Logistics Private Limited and the DHL Supply Chain India Private Limited (DSCPL), as approved by the High Court on December 17, 2013, and it being effective on February 01, 2014, all the business related to supply chain business (including assets and liabilities) have been transferred on a going concern basis to DSCPL with an appointed date of April 01, 2013.

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the company has been shifted from 8th Floor, Leela Galleriaandheri Kurla Road, Andheri (East), Mumbai-400059, Maharashtra, India to the present address w.e.f 10.12.2011


FIXED ASSETS:

 

Tangible Assets

 

·         Plant and Equipment

·         Furniture and Fixtures

·         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, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                                       None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

Indian Rupees

US Dollar

1

Rs. 65.68

UK Pound

1

 Rs. 101.02

Euro

1

Rs.  71.35

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

IND

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

9

PAID-UP CAPITAL

1~10

8

OPERATING SCALE

1~10

9

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

9

--PROFITABILIRY

1~10

9

--LIQUIDITY

1~10

9

--LEVERAGE

1~10

9

--RESERVES

1~10

9

--CREDIT LINES

1~10

9

--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

 

80

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.