MIRA INFORM REPORT
|
Report No. : |
345423 |
|
Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
COIM INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No.4, Ground Floor, Rajendra Bhawan, New Delhi – 110008 |
|
Mobile No.: |
91-9971281166 (Mr. Vipul Kumar Rastogi) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.06.2000 |
|
|
|
|
Com. Reg. No.: |
55-106140 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.49.792 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209DL2000PTC106140 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC4026E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in manufacturing and trading
of PU system for footwear. The company is also into the business of other
chemicals. Company also provides distribution services on above products, it
is also into the business chemicals and also provider. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2052000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “COIM S.P.A., ITALY”, which is
a global polyurethane chemical manufacturer. The rating takes into consideration sound financial risk profile of
the company marked by adequate networth base and comfortable debt level in
FY2014. Further, management has reported decent growth in its revenue base,
whereas reported decline in its net profile in the year under consideration. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. In view of strong managerial and financial support from its holding
company, the subject can be considered for normal business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Vipul Kumar Rastogi |
|
Designation : |
Director |
|
Contact No.: |
91-9971281166 |
|
Date : |
15.10.2015 |
LOCATIONS
|
Registered Office : |
Shop No.4, Ground Floor, Rajendra Bhawan, New Delhi – 110008, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9971281166 (Mr. Vipul Kumar Rastogi) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Ms. Luca Maria Pesenti |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Vaprio D'adda, Vicolo Leonardo Da Vinci 2, Milan - 20069, Italy |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1965 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
28.06.2014 |
|||||||||||||||||||||||||||
|
DIN No.: |
06902679 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Vipul Kumar Rastogi |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
125, Meyer Road, #23-02, Singapore - 437936, Singapore |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.08.1966 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2013 |
|||||||||||||||||||||||||||
|
PAN No.: |
AAFPR0799E |
|||||||||||||||||||||||||||
|
DIN No.: |
06519197 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Alberto Lunardon |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
1383, Sector - 37, Noida - 201303, Uttar Pradesh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.07.1969 |
|||||||||||||||||||||||||||
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Qualification : |
M.B.A |
|||||||||||||||||||||||||||
|
Experience : |
19 Years |
|||||||||||||||||||||||||||
|
Date of Appointment : |
28.06.2014 |
|||||||||||||||||||||||||||
|
PAN No.: |
AEGPL3012B |
|||||||||||||||||||||||||||
|
DIN No.: |
02204916 |
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|
Other Directorship:
|
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Shimpy Goyal |
|
Designation : |
Secretary |
|
Address : |
Rz-174, T-Ext, Vishwas Park, Uttam Nagar, Delhi, 110059, India |
|
Date of Appointment : |
01.09.2015 |
|
PAN No.: |
BNCPG5830J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Mesa SRL, Italy |
|
1 |
|
Coim SPA, Italy |
|
11590077 |
|
Total |
|
11590078 |
|
Names of Preference Shareholder |
|
No. of Shares |
|
Coim SPA,Italy |
|
56852 |
|
Total |
|
56852 |
As on 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in manufacturing and trading
of PU system for footwear. The company is also into the business of other
chemicals. Company also provides distribution services on above products, it
is also into the business chemicals and also provider. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
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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|
||||||||||||||||||||||
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No. of Employees : |
Information declined by the management |
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|
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|
Bankers : |
|
||||||||||||||||||||||
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|
|
|
|
Auditors : |
|
|
Name : |
V S H and Associates Chartered Accountants |
|
Address : |
E-346, Ground Floornirman, Vihar, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFV3442L |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Fellow Subsidiary Companies: |
|
|
|
|
|
Holding Company: |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16350000 |
Equity Shares |
Rs.10/- each |
Rs.163.500 Million |
|
450000 |
Preference Shares |
Rs.10/- each |
Rs.4.500 Million |
|
|
TOTAL |
|
Rs.168.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11590078 |
Equity Shares |
Rs.10/- each |
Rs.115.901
Million |
|
56852 |
Preference Shares |
Rs.10/- each |
Rs.0.568
Million |
|
|
TOTAL |
|
Rs.116.468
Million |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16800000 |
Equity Shares |
Rs.10/- each |
Rs.168.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4979203 |
Equity Shares |
Rs.10/- each |
Rs.49.792
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 |
49.792 |
49.792 |
49.792 |
|
(b) Reserves & Surplus |
248.294 |
238.920 |
186.512 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
420.067 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
718.153 |
288.712 |
236.304 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
41.290 |
69.540 |
68.340 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1.245 |
3.734 |
0.000 |
|
(d) long-term provisions |
2.152 |
1.467 |
1.145 |
|
Total
Non-current Liabilities (3) |
44.687 |
74.741 |
69.485 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
815.203 |
890.905 |
572.223 |
|
(c) Other current liabilities |
81.894 |
28.797 |
17.926 |
|
(d) Short-term provisions |
14.659 |
4.911 |
2.235 |
|
Total
Current Liabilities (4) |
911.756 |
924.613 |
592.384 |
|
|
|
|
|
|
TOTAL |
1674.596 |
1288.066 |
898.173 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
148.105 |
142.289 |
20.811 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.300 |
0.000 |
83.234 |
|
(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) |
6.493 |
3.598 |
2.827 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
154.898 |
145.887 |
106.872 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
385.736 |
276.428 |
161.799 |
|
(c) Trade receivables |
917.511 |
706.767 |
493.754 |
|
(d) Cash and cash equivalents |
109.427 |
77.337 |
82.192 |
|
(e) Short-term loans and
advances |
107.024 |
81.647 |
53.556 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1519.698 |
1142.179 |
791.301 |
|
|
|
|
|
|
TOTAL |
1674.596 |
1288.066 |
898.173 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL
REVENUE |
2398.969 |
1690.832 |
1214.833 |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
2364.919 |
1601.630 |
1184.518 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
34.050 |
89.202 |
30.315 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.861 |
0.249 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.189 |
88.953 |
30.315 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
18.134 |
10.338 |
0.922 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
15.055 |
78.615 |
29.393 |
|
|
|
|
|
|
|
Less |
TAX |
5.681 |
26.207 |
9.938 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
9.374 |
52.408 |
19.455 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
171.464 |
119.056 |
99.601 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/ |
180.838 |
171.464 |
119.056 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Earning in Foreign Currency |
21.400 |
19.900 |
18.800 |
|
|
TOTAL
EARNINGS |
21.400 |
19.900 |
18.800 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1.88 |
10.53 |
3.91 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
41.290 |
0.000 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(357.707) |
68.353 |
48.310 |
|
Net cash flow from operating activity |
(361.683) |
44.426 |
35.325 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.39 |
3.10 |
1.60 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Revenue) |
(%) |
1.52 |
5.38 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.90 |
6.12 |
3.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.27 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.06 |
0.24 |
0.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67 |
1.24 |
1.34 |
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 |
49.792 |
49.792 |
49.792 |
|
Reserves & Surplus |
186.512 |
238.920 |
248.294 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
420.067 |
|
Net
worth |
236.304 |
288.712 |
718.153 |
|
long-term borrowings |
68.340 |
69.540 |
41.290 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
68.340 |
69.540 |
82.580 |
|
Debt/Equity
ratio |
0.289 |
0.241 |
0.115 |
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 Revenue |
1214.833 |
1690.832 |
2398.969 |
|
|
|
39.182 |
41.881 |
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 Revenue |
1214.833 |
1690.832 |
2398.969 |
|
Profit |
19.455 |
52.408 |
9.374 |
|
|
1.60% |
3.10% |
0.39% |
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered Office of the Company has been
shifted from 202-203, Deepshikha Building, Rajendra Place New Delhi - 110063,
India to The Present Address w.e.f.15.04.2013
CORPORATE INFORMATION
The Company is private limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is primarily engaged in manufacturing and trading of PU system for footwear. The company is also into the business of other chemicals. Company also provides distribution services on above products. Company is the subsidiary of Coim S.p.A. The Company has manufacturing plants at Bahadurgarh, Haryana and sells primarily in Northern India.
PERFORMANCE
The total revenue increased by 41.88% to Rs.2390.000 Million , while the profits before foreign exchange losses was Rs.122.300 Million in FY14, as compared to Rs.108.800Million.
The directors are glad to inform you that the performance of company has shown considerable improvement during the last year. This was again landmark year for the Company for its operating performance with earnings growth amidst extraordinary challenges of foreign exchange fluctuations, price volatility and demand reduction.
The growth and better results shown are attributed directly to the efficient management policies, highly appreciated marketing strategies, the quality products supplied to the clients, the various acknowledged technical assistance services.
The overall profitability of the company was impacted due to losses in foreign currency exchange fluctuations and pricing pressure.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long Term
Borrowings |
|
|
|
Borrowing from foreign companies |
41.290 |
69.540 |
|
|
|
|
|
Total |
41.290 |
69.540 |
INDEX
OF CHARGES
No Charges Exist for Company
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Plant and equipment
- Furniture and fixtures
- Vehicle
- 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.64.81 |
|
|
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.73.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
6PAID-UP CAPITAL |
1~10 |
6 |
|
O6PERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
49 |
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.