MIRA INFORM REPORT
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Report No. : |
344677 |
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Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
INBISCO INDIA PRIVATE LIMITED |
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Registered
Office : |
No. 58, Gundlapochampalli Village, Medchal Mandal, Ranga Reddy District, Hyderabad – 500014, Telangana |
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Tel. No.: |
91-40-23464035 / 36 / 49795949 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
01.05.2008 |
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Com. Reg. No.: |
36-088936 |
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Capital
Investment / Paid-up Capital : |
Rs.147.771 Million |
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CIN No.: [Company Identification
No.] |
U15412TG2008PTC088936 |
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IEC No.: |
0408010223 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCI8732P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is primarily engaged in the business of manufacturing coffee candy, chocolate paste and noodles and trading of butter cookies, candies and wafer chocolate. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1833000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Equided International Pte Limited,
Singapore. It has satisfactory track record. The company has incurred loss from its operations during FY2014. External
Borrowings of the company also seems to be huge. However, the company
possesses a decent profile marked by adequate networth base and increased in
case level. Trade relations are fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Anand Shukla |
|
Designation : |
Purchase Head |
|
Contact No.: |
91-7702003905 |
|
Date : |
13.10.2015 |
LOCATIONS
|
Registered Office / Head Office : |
No. 58, Gundlapochampalli Village, Medchal Mandal, Ranga Reddy District, Hyderabad – 500014, Telangana, India |
|
Tel. No.: |
91-40-23464035 / 36 / 49795949 |
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Mobile No.: |
91-7702003905 (Mr. Anand Shukla) |
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Fax No.: |
91-40-23464037 |
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E-Mail : |
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Website : |
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Manufacturing
plant: |
Located At :
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Branch Office : |
Located At :
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DIRECTORS
AS ON 31.12.2014
|
Name : |
Mr. Tomas Wiliam |
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Designation : |
Managing director |
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Address : |
JI Petojo Selatan V No.14A, Jakarta, Indonesia |
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Date of Birth/Age : |
17.09.1978 |
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Date of Appointment : |
01.07.2014 |
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DIN No.: |
02145514 |
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Other Directorship
:
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Name : |
Muljono Nurlimo |
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Designation : |
Director |
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Address : |
Jl Darmo Indah Selatan 4/ NN-22, Surabaya East Java, 60187, Indonesia |
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Date of Birth/Age : |
10.02.1960 |
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Date of Appointment : |
01.05.2008 |
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DIN No.: |
02152719 |
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KEY EXECUTIVES
|
Name : |
Mr. Anand Shukla |
|
Designation : |
Purchase Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Equidad International Pte Limited, Singapore |
|
19498015 |
|
Sun Resources Limited, Malaysia |
|
1499999 |
|
Biofresh Limited, Malaysia |
|
1 |
|
Total |
|
20998015 |
AS ON 03.07.2015
|
Names of Allottee |
|
No. of Shares |
|
Equidad International Pte Limited, Singapore |
|
3840180 |
|
Total |
|
3840180 |
Equity Share Break up (Percentage of Total Equity)
AS ON 31.12.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the business of manufacturing coffee candy, chocolate paste and noodles and trading of butter cookies, candies and wafer chocolate. |
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
NOTE Long-term
Borrowings Foreign currency loan of USD 19,875,000 (March 31, 2013: USD 5,000,000) carries interest rate in range of 12.05% - 14.05% p.a (March 31, 2013: 12.05% p.a). The prinicipal amount of the loan is repayable in 54 months from each drawdown date, interest payment being made quarterly. The Loan is secured by charge over all fixed assets (movable and immovable), existing and future, of the Company by way of mortgage of title deeds and all bank accounts/deposits/investments of the Company. The Loan is additionally secured by Corporate Guarantee given by PT. Unita Branindo Short-term
borrowings Bank overdraft of Rs. 27.556 Million is repayable between 1 to 180 days from the date of disbursement in single installment and carries an interest rate of 13.50%. This loan is secured by charge over all the assets (stock and book debts) existing and future, and the loan is additionally secured by Corporate guarantee given by PT. Unita Branindo. |
|
Auditors : |
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|
Name : |
S. R Batliboi and Associates, LLP Chartered Accountants |
|
Address : |
Oval office,18, iLabs Centre, Hitec City, Madhapur, Chennai, Tamilnadu, India |
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PAN No.: |
ACHFS9118A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Intermediate
Holding Company: |
United Brands International Limited, British Virgin Islands |
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Holding Company : |
Equidad International Pte Limited, Singapore |
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Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
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CAPITAL STRUCTURE
AFTER 31.12.2014
Authorised Capital : Rs.350.000
Million
Issued, Subscribed & Paid-up Capital : Rs.267.948 Million
AS ON 31.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000,000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,998,015 |
Equity Shares |
Rs.10/- each |
Rs. 209.980 Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,50,00,000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,47,77,063 |
Equity Shares |
Rs.10/- each |
Rs.147.771 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
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I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
|
|
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|
(a) Share Capital |
147.771 |
78.185 |
15.000 |
|
(b) Reserves &
Surplus |
493.690 |
416.456 |
101.077 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
122.000 |
|
Total Shareholders’ Funds
(1) + (2) |
641.461 |
494.641 |
238.077 |
|
|
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1078.041 |
268.125 |
68.011 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.467 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.930 |
1.861 |
0.588 |
|
Total Non-current
Liabilities (3) |
1080.971 |
269.986 |
69.066 |
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
27.556 |
0.000 |
0.000 |
|
(b) Trade payables |
515.101 |
435.333 |
153.042 |
|
(c) Other current
liabilities |
292.130 |
116.071 |
47.271 |
|
(d) Short-term provisions |
0.949 |
0.021 |
49.034 |
|
Total Current Liabilities
(4) |
835.736 |
551.425 |
249.347 |
|
|
|
|
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TOTAL |
2558.168 |
1316.052 |
556.490 |
|
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|
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II.
ASSETS |
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|
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(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
663.410 |
554.834 |
246.373 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
670.158 |
31.644 |
77.293 |
|
(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) |
0.000 |
3.741 |
0.000 |
|
(d) Long-term Loan and Advances |
269.545 |
117.083 |
0.000 |
|
(e) Other Non-current
assets |
8.784 |
10.827 |
0.000 |
|
Total Non-Current Assets |
1611.897 |
718.129 |
323.666 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
364.542 |
236.549 |
84.538 |
|
(c) Trade receivables |
0.000 |
7.451 |
11.384 |
|
(d) Cash and cash
equivalents |
481.524 |
299.654 |
82.374 |
|
(e) Short-term loans and
advances |
100.205 |
54.269 |
54.256 |
|
(f) Other current assets |
0.000 |
0.000 |
0.272 |
|
Total Current Assets |
946.271 |
597.923 |
232.824 |
|
|
|
|
|
|
TOTAL |
2558.168 |
1316.052 |
556.490 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1582.943 |
798.331 |
577.414 |
|
|
Other Income |
0.000 |
3.518 |
0.022 |
|
|
TOTAL |
1582.943 |
801.849 |
577.436 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
1793.964 |
801.031 |
473.722 |
|
|
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|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(211.021) |
0.818 |
103.714 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
46.268 |
17.711 |
0.517 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, PRIOR PERIOD EXPENSES |
(257.289) |
(16.893) |
103.197 |
|
|
|
|
|
|
|
Less/ Add |
PRIOR PERIOD
EXPENSES |
23.580 |
0.000 |
0.272 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(280.869) |
(16.893) |
102.925 |
|
|
|
|
|
|
|
Less |
TAX |
3.741 |
(3.709 |
34.553 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(284.610) |
(13.184) |
68.372 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
87.893 |
101.077 |
32.705 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
(196.717) |
87.893 |
101.077 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
106.865 |
6.875 |
0.588 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(280.868) |
(16.716) |
102.739 |
|
Net cash flows from (used in) operating activities |
(280.868) |
(16.716) |
171.461 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(17.98) |
(1.65) |
11.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.88 |
(1.32) |
21.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.44) |
(0.03) |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.89 |
0.56 |
0.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.08 |
0.93 |
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 |
15.000 |
78.185 |
147.771 |
|
Reserves & Surplus |
101.077 |
416.456 |
493.690 |
|
Share Application money
pending allotment |
122.000 |
0.000 |
0.000 |
|
Net worth |
238.077 |
494.641 |
641.461 |
|
|
|
|
|
|
long-term borrowings |
68.011 |
268.125 |
1078.041 |
|
Short term borrowings |
0.000 |
0.000 |
27.556 |
|
Current maturities of
long term debt |
0.588 |
6.875 |
106.865 |
|
Total borrowings |
68.599 |
275.000 |
1212.462 |
|
Debt/Equity ratio |
0.288 |
0.556 |
1.890 |
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 |
577.414 |
798.331 |
1582.943 |
|
|
|
38.260 |
98.282 |
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 |
577.414 |
798.331 |
1582.943 |
|
Profit/Loss |
68.372 |
(13.184) |
(284.610) |
|
|
11.84% |
(1.65%) |
(17.98%) |
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 |
Yes |
|
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 |
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 |
CORPORATE INFORMATION
The company is a subsidiary of Equidad International Pte. Limited, Singapore. The Company was established in the year 2008 and is primarily engaged in the business of manufacturing coffee candy, chocolate paste and noodles and trading of butter cookies, candies and wafer chocolate. The Company carries out its manufacturing operations at its factory located at Hyderabad and is in the process of setting up a new manufacturing plant at Sanand, Gujarat.
FUTURE OUTLOOK
The revenues will increase due to addition of their new manufacturing plant at Sanand, Ahmedabad. Key account and modern trade distribution will strengthen.
SHIFTING OF
REGISTERED OFFICE OF THE COMPANY
During the year, i.e. w.e.f 24th June 2013, the Registered Office of the Company was shifted from 198, Bypass Road, Poonamallee, Chennai-600056, Tamilnadu to Sy. No. 58, Gundlapochampally Village, Medchal Mandal, Ranga Reddy District, Hyderabad-500014, Telangana, India.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10545283 |
23/01/2015 |
614,600,000.00 |
STANDARD CHARTERED BANK |
6-3-1090, RAJ BHAVAN ROAD, SOMAJIGUDA, HYDERABAD - 500082, TELANGANA, INDIA |
C41528852 |
|
2 |
10403943 |
05/11/2014 * |
865,000,000.00 |
STANDARD CHARTERED BANK |
6-3-1090, RAJ BHAVAN ROAD, SOMAJIGUDA, HYDERABAD - 500082, TELANGANA, INDIA |
C32258964 |
|
3 |
10403946 |
07/01/2015 * |
1,488,000,000.00 |
STANDARD CHARTERED BANK |
6-3-1090, RAJ BHAVAN ROAD, SOMAJIGUDA, HYDERABAD - 500082, TELANGANA, INDIA |
C39311048 |
* Date of charge modification
FIXED ASSETS
- Land
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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.65.11 |
|
|
1 |
Rs.99.49 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
43 |
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.