MIRA INFORM REPORT
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Report No. : |
345860 |
|
Report Date : |
30.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SODEXO FOOD
SOLUTIONS INDIA PRIVATE LIMITED (w.e.f. 08.03.2010) |
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|
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|
Formerly Known As
: |
RADHAKRISHNA
HOSPITALITY SERVICES PRIVATE LIMITED (w.e.f. 01.09.2005) RADHAKRISHNA
HOSPITALITY SERVICES LIMITED |
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Registered
Office : |
Gemstar Commercial Complex, 1st Floor, Ramachandra Lane Extension,
Kanchpada, Malad (West), Mumbai – 400064, Maharashtra |
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Tel. No.: |
91-22-44214421 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
31.10.1994 |
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Com. Reg. No.: |
11-082543 |
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Capital
Investment / Paid-up Capital : |
Rs.200.000 Million |
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CIN No.: [Company Identification
No.] |
U99999MH1994PTC082543 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACR2547Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into providing and rendering Catering, Housekeeping and Allied Services to Oilfield Industries and other Institutions. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 289000 |
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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 Sodexo Services Asia Pte. Limited (75%) and
Sodexo S.A. France (25%). Sodexo is now the worldwide leader in Quality of
Life Services. It has developed unique expertise, backed by nearly 419000 employees
in 80 countries across the globe. The company has reported decent growth in its revenue base in FY14 but
has reported losses from its operations during same consecutive year which
has resulted into accumulation of the same in the balance sheet. The company receives technical and financial support from its holding
company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with usual trade terms and conditions. Note: Mr. Saroj (AGM Finance) confirmed that the given name is the Brand
name of the company Sodexo Food Solutions India Private Limited. |
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 |
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Very High |
C1 |
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Restricted |
C2 |
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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 DENIED BY
|
Name : |
Mr. Saroj |
|
Designation : |
Assistant General Manager in Finance |
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Contact No.: |
91-22-44214421 |
|
Date : |
27.10.2015 |
LOCATIONS
|
Registered / Corporate Office : |
Gemstar Commercial Complex, 1st Floor, Ramachandra Lane
Extension, Kanchpada, Malad (West), Mumbai – 400064, Maharashtra |
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Tel. No.: |
91-22-44214421 |
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Fax No.: |
91-22-44214422 |
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E-Mail : |
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Website : |
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Regional Offices : |
Located At:
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DIRECTORS
As on 30.09.2014
|
Name : |
Ms. Mallika Pamela D'souza |
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Designation : |
Director |
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Address : |
B-206, Temple View - 1, Raheja Township, Malad (East), Mumbai - 400097, Maharashtra, India |
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Date of Birth/Age : |
20.03.1977 |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
06510331 |
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Name : |
Mr. Ninadh V Chikhlikar |
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Designation : |
Director |
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Address : |
A303, Brentford, Hiranandani Est, Ghodbunder Road, Patlipada, Thane (West), Thane - 400607, Maharashtra, India |
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Date of Birth/Age : |
13.04.1974 |
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Date of Appointment : |
28.09.2012 |
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DIN No.: |
02349477 |
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Other Directorship :
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Name : |
Mr. Rishi Gour |
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Designation : |
Director |
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Address : |
1001, Floor 10, Atlantis Building, Raheja Acropolis, Deonar, Govandi (East), Zone -3, Mumbai - 400088, Maharashtra, India |
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Date of Birth/Age : |
20.01.1976 |
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Qualification : |
B. Tech and PG. Diploma in Management |
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Experience : |
14 Years |
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Date of Appointment : |
28.09.2012 |
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DIN No.: |
05286535 |
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KEY EXECUTIVES
|
Name : |
Ms. Shaista Ismail Shaikh |
|
Designation : |
Company Secretary |
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Address : |
1/402, Gulmohar, Plot No.234, 28th Road, Bandra, Mumbai, 400050, Maharashtra, India |
|
Date of Birth/Age : |
24.11.1977 |
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Date of Appointment : |
27.01.2003 |
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PAN No.: |
AVQPS4622P |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sodexo SA, France |
|
4999900 |
|
Sofinsod, France |
|
100 |
|
Sodexo Services Asia Pte Limited, Singapore |
|
15000000 |
|
Total |
|
20000000 |
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 : |
Subject is engaged into providing and rendering Catering, Housekeeping and Allied Services to Oilfield Industries and other Institutions. |
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Products : |
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Brand Names : |
Sodexo India On-site Services |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
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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Auditors : |
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Name : |
Price Waterhouse and Company Chartered Accountants |
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Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar, Mumbai – 400028, Maharashtra, India |
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PAN No.: |
AAAFP8828M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
Sodexo Services Asia Pte Limited, Singapore |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20550000 |
Equity Shares |
Rs.10/- each |
Rs.205.500 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000
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 |
200.000 |
200.000 |
50.000 |
|
(b) Reserves &
Surplus |
(98.732) |
209.840 |
258.466 |
|
(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) |
101.268 |
409.840 |
308.466 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
|
(d) long-term provisions |
143.234 |
104.811 |
119.969 |
|
Total Non-current
Liabilities (3) |
143.234 |
104.811 |
119.969 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
454.015 |
268.250 |
364.047 |
|
(b) Trade payables |
1075.241 |
777.131 |
741.495 |
|
(c) Other current
liabilities |
247.014 |
264.284 |
270.806 |
|
(d) Short-term provisions |
83.697 |
74.708 |
69.657 |
|
Total Current Liabilities
(4) |
1859.967 |
1384.373 |
1446.005 |
|
|
|
|
|
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TOTAL |
2104.469 |
1899.024 |
1874.440 |
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
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|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
72.048 |
69.829 |
68.013 |
|
(ii) Intangible Assets |
17.335 |
5.898 |
2.561 |
|
(iii) Capital
work-in-progress |
3.242 |
2.941 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.103 |
0.103 |
9.368 |
|
(c) Deferred tax assets
(net) |
0.000 |
163.212 |
138.148 |
|
(d) Long-term Loan and Advances |
235.058 |
212.934 |
234.037 |
|
(e) Other Non-current
assets |
4.623 |
4.792 |
5.022 |
|
Total Non-Current Assets |
332.409 |
459.709 |
457.149 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
155.154 |
125.983 |
107.424 |
|
(c) Trade receivables |
1155.556 |
969.134 |
1024.996 |
|
(d) Cash and cash
equivalents |
104.238 |
137.016 |
119.097 |
|
(e) Short-term loans and
advances |
233.126 |
73.037 |
137.723 |
|
(f) Other current assets |
123.986 |
134.145 |
28.051 |
|
Total Current Assets |
1772.060 |
1439.315 |
1417.291 |
|
|
|
|
|
|
TOTAL |
2104.469 |
1899.024 |
1874.440 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
7168.156 |
6369.035 |
5749.358 |
|
|
|
|
|
|
|
Less |
EXPENSES |
7285.093 |
6389.995 |
5630.085 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(116.937) |
(20.960) |
119.273 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
20.368 |
14.265 |
20.989 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(137.305) |
(35.225) |
98.284 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
41.919 |
31.356 |
65.779 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(179.224) |
(66.581) |
32.505 |
|
|
|
|
|
|
|
Less |
TAX |
129.348 |
(25.064) |
3.344 |
|
|
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|
|
PROFIT/ (LOSS) AFTER TAX
|
(308.572) |
(41.517) |
29.161 |
|
|
|
|
|
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|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
161.299 |
202.816 |
173.655 |
|
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|
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|
|
|
|
Balance Carried to the
B/S |
(147.273) |
161.299 |
202.816 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
376.984 |
352.639 |
475.630 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(15.43) |
(2.08) |
1.46 |
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 flows from (used in) operations |
(69.375) |
(94.212) |
113.907 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Total Income) |
(%) |
(4.30) |
(0.65) |
0.51 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
(1.63) |
(0.33) |
2.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.53) |
(3.84) |
1.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.77) |
(0.16) |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.48 |
0.65 |
1.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
1.04 |
0.98 |
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 |
50.000 |
200.000 |
200.000 |
|
Reserves & Surplus |
258.466 |
209.840 |
(98.732) |
|
Net worth |
308.466 |
409.840 |
101.268 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
364.047 |
268.250 |
454.015 |
|
Total borrowings |
364.047 |
268.250 |
454.015 |
|
Debt/Equity ratio |
1.180 |
0.655 |
4.483 |
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 |
5749.358 |
6369.035 |
7168.156 |
|
|
|
10.778 |
12.547 |
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 |
5749.358 |
6369.035 |
7168.156 |
|
Profit |
29.161 |
(41.517) |
(308.572) |
|
|
0.51% |
(0.65%) |
(4.30%) |
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 |
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 |
Note:
The registered address has been shifted from the 1st Floor, 23 A, Shah
Industrial Estate, off. Veera Desai Road Andheri (West), Mumbai – 400053,
Maharashtra, India to the present address w.e.f. 07.12.2009.
GENERAL INFORMATION
Sodexo Food Solutions India Private Limited (Sodexo)
partners with market leaders across business segments like Healthcare,
Education, Corporate Services and Remote Sites by rendering Quality of Life
Solutions that has a direct and positive impact on the clients people,
processes and infrastructure.
By designing, managing and delivering Quality of Life Solutions, Sodexo works towards increasing the satisfaction, motivation and, therefore, efficiency of the clients employees, enhancing the performance of the clients business processes and optimizing and improving the infrastructure at the clients workplace.
OPERATIONS
During the year the Company has continued to strengthen the relationship with clients by offering value additions. While ensuring that there is a constant focus on retaining existing contracts and enhancing market share in the current business, our efforts also continue to identify, penetrate and develop new revenue streams.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Loans repayable on demand from banks |
454.015 |
268.250 |
|
Total |
454.015 |
268.250 |
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90353079 |
27/01/2006 * |
6,500,000.00 |
BANK OF MAHARASHTRA |
JUHU VILE PARLE (WEST) BRANCH, MUMBAI, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Motor Vehicles
- Office Equipment
- Computer Equipments
- Other Equipments
WEBSITE DETAILS:
PRESS RELEASES:
SODEXO #1 FRENCH COMPANY
FOR GENDER BALANCE IN TOP MANAGEMENT FOR THE SECOND YEAR IN A ROW
October 8, 2015
For the second year in a row, Sodexo, world leader in Quality of Life services, tops the list of publicly quoted companies for gender balance within its leadership team. The list is published by the Ministry of Women's Rights and concerns gender balance both in the group’s top management and its operational teams.
With women making up 43% of Sodexo’s Executive Committee and 38% of its Board of Directors, the group’s commitment to gender equality is the heart of its strategy and performance. Sodexo is at the forefront of the gender equality ranking of the SBF 120 French stock market index in a ranking released today by the French government (the Palmarès de la féminisation des instances dirigeantes).
Michel Landel, CEO of Sodexo, said: “I am proud that for the second year in a row the Group has been recognized by the Ministry of State Women's Rights for the gender balance of our leadership team. Today diversity in all its forms is a powerful lever for company performance and a source of innovation and development of talent on behalf of our customers.”
Nathalie Bellon-Szabo, Senior Vice President Sodexo Sports and Leisure, who received the award from Minister of State for Women’s Rights Pascale Boistard, said: "It is a great honour to receive this accolade on behalf of Sodexo. Sodexo is a company that is naturally close to both men and women and cannot develop if it ignores diversity, which is a rich source of creativity and collective performance.
Nathalie Bellon-Szabo stressed the importance of SWIFT, the Sodexo Women’s International Forum for Talent, which underpins Sodexo's strategy for improving the group's gender balance. Launched 2009 by Michel Landel, SWIFT comprises 35 senior managers representing 15 different nationalities and all the Company’s business segments, and aims to increase the number of women in senior positions. SWIFT makes practical suggestions that have led to the progress now recognized by the French Ministry of Women's Rights.
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.65.15 |
|
|
1 |
Rs.99.36 |
|
Euro |
1 |
Rs.71.24 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
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.