MIRA INFORM REPORT
|
Report No. : |
339974 |
|
Report Date : |
08.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP ELEVATOR (INDIA) PRIVATE LIMITED (w.e.f. 15.03.2005) |
|
|
|
|
Formerly Known
As : |
THYSSENKRUPP ECE ELEVATOR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 429, Functional Industrial Estate, Patparganj, Delhi - 110092 |
|
Tel. No.: |
91-11-41770200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.02.1999 |
|
|
|
|
Com. Reg. No.: |
55-098162 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1301.620 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239DL1999PTC098162 |
|
|
|
|
IEC No.: |
0503004022 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT6921F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of inter-alia designing, engineering, developing, marketing, installing, erecting, commissioning, maintaining, servicing, renovating, and operating all kinds of elevators and escalators and all their allied or ancillary equipment/components. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject operates as a subsidiary of TyssenKrupp Elevator AG. It is a
well-established company having satisfactory track record. Reserves of the company seems to be low. However, there are no
external borrowing recorded by the company during FY 2014. Trade relations are reported as fair. Business is active. Payment are
reported to be slow but correct. The company can be considered for normal business dealings at usual
trade terms and condition. |
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
31-03-2013.
INFORMATION DENIED
Management non co-operative (91-22-669092300 / 40429429 / 11-41770200)
LOCATIONS
|
Registered Office : |
Plot No. 429, Functional Industrial Estate, Patparganj, Delhi –
110092, India |
|
Tel. No.: |
91-11-41770200 |
|
Fax No.: |
91-11-41770300 |
|
E-Mail : |
garima.agarwal@elevator-in-thyssenkrupp.com
|
|
Website : |
|
|
|
|
|
Head Office : |
1007, Windfall, Sahar Plazfa, J.B. Nagar, Vardhan House, A-4, St No.3,
MIDC, Andheri (East), Mumbai - 400093, Maharashtra, India |
|
Tel. No.: |
91-22-40429429 |
|
Fax No.: |
91-22-40429430 |
|
E-Mail : |
|
|
|
|
|
Regional Offices : |
Located At: ·
Mumbai ·
Kolkata ·
New Delhi ·
Chennai ·
Bangalore ·
Pune ·
Bangladesh |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Bharat Sunder Vishnani |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1/2 Juhu Vishal Society North South Road-5, Juhu Scheme, Juhu, Mumbai - 400049, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.05.1963 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.05.2014 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06610215 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Manish Mehan |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
12/33, Punjabi Bagh, New Delhi - 110026, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.05.1979 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2013 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06636092 |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Peter James Walker |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
House No. C 3, Banyan Villas No. 9, Stanley Village Road, Na, Hong Kong |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.11.1962 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.05.2005 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00784360 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ashish Gupta |
|
Designation : |
Company Secretary |
|
Address : |
C-2/95, Ground Floor, Ashok Vihar, Phase - 2, Delhi - 110052, India |
|
Date of Birth/Age : |
21.01.1985 |
|
Date of Appointment : |
14.08.2014 |
|
PAN No.: |
AJRPG8126H |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Equity Shareholders |
No. of Shares |
|
Thyssenkrupp Elevator AG, Germany |
114211999 |
|
Eleg Europasche Lift and Escalator GmbH, |
1 |
|
Total |
114212000 |
|
Names of
Preference Shareholder |
No.
of Shares |
|
Thyssenkrupp Elevator AG,
Germany |
15950000 |
|
Total |
15950000 |
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 |
%20PRIVATE%20LIMITED%20-%20339974%2008-Sep-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of inter-alia designing, engineering, developing, marketing, installing, erecting, commissioning, maintaining, servicing, renovating, and operating all kinds of elevators and escalators and all their allied or ancillary equipment/components. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management. |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
Building No. 8 7th and 8th Floor, Tower B, DLF Cyber City, Gurgaon – 122002, Haryana, India |
|
PAN No.: |
AAHFP0187A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
Thyssenkrupp Elevator AG, Germany |
|
|
|
|
Ultimate Holding
company : |
Thyssenkrupp AG, Germany |
|
|
|
|
Associate : |
Eros Elevators and Escalators Private Limited, India |
|
|
|
|
Subsidiary Company
: |
Thyssenkrupp Elevator (BD) Private Limited, Bangladesh |
|
|
|
|
Fellow Subsidiary
Company : |
|
|
|
|
|
Others : |
Thyssenkrupp Elevator Corp. USA |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
137003600 |
Equity Shares |
Rs.10/- each |
Rs.1370.036 Million |
|
15950000 |
Preference Shares |
Rs.10/- each |
Rs.159.500 Million |
|
|
Total |
|
Rs. 1529.536
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
114212000 |
Equity Shares |
Rs.10/- each |
Rs.1142.120
Million |
|
15950000 |
Preference Shares |
Rs.10/- each |
Rs.159.500
Million |
|
|
Total |
|
Rs.1301.620 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 |
1301.620 |
881.620 |
881.620 |
|
(b) Reserves &
Surplus |
291.030 |
163.290 |
39.020 |
|
(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) |
1592.650 |
1044.910 |
920.640 |
|
|
|
|
|
|
(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 |
175.550 |
124.690 |
86.410 |
|
Total Non-current
Liabilities (3) |
175.550 |
124.690 |
86.410 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
230.000 |
251.200 |
|
(b) Trade payables |
446.640 |
468.710 |
466.750 |
|
(c) Other current
liabilities |
1886.080 |
1707.890 |
1039.430 |
|
(d) Short-term provisions |
53.950 |
54.690 |
79.920 |
|
Total Current Liabilities
(4) |
2386.670 |
2461.290 |
1837.300 |
|
|
|
|
|
|
TOTAL |
4154.870 |
3630.890 |
2844.350 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
540.000 |
150.590 |
214.710 |
|
(ii) Intangible Assets |
32.660 |
35.990 |
68.260 |
|
(iii) Capital
work-in-progress |
62.320 |
4.100 |
27.080 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
214.800 |
214.800 |
214.800 |
|
(c) Deferred tax assets
(net) |
226.460 |
173.490 |
176.880 |
|
(d) Long-term Loan and Advances |
244.140 |
138.730 |
117.680 |
|
(e) Other Non-current
assets |
30.600 |
14.370 |
8.650 |
|
Total Non-Current Assets |
1350.980 |
732.070 |
828.060 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
796.240 |
669.290 |
628.250 |
|
(c) Trade receivables |
1229.560 |
1401.890 |
995.470 |
|
(d) Cash and cash
equivalents |
336.300 |
353.350 |
80.280 |
|
(e) Short-term loans and
advances |
113.760 |
171.860 |
141.340 |
|
(f) Other current assets |
328.030 |
302.430 |
170.950 |
|
Total Current Assets |
2803.890 |
2898.820 |
2016.290 |
|
|
|
|
|
|
TOTAL |
4154.870 |
3630.890 |
2844.350 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
NA |
3780.470 |
2582.922 |
|
|
Other Income |
NA |
52.530 |
NA |
|
|
TOTAL |
4691.000 |
3833.000 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
4433.000 |
3532.000 |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
258.000 |
301.000 |
196.725 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
53.000 |
58.000 |
52.505 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
205.000 |
243.000 |
144.220 |
|
|
|
|
|
|
|
Less |
TAX |
77.000 |
120.000 |
76.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
128.000 |
123.000 |
67.920 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.12 |
1.07 |
0.59 |
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 |
408.950 |
523.510 |
158.780 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.61 |
7.50 |
5.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.23 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.22 |
0.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.18 |
1.10 |
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 |
881.620 |
881.620 |
1301.620 |
|
Reserves & Surplus |
39.020 |
163.290 |
291.030 |
|
Net worth |
920.640 |
1044.910 |
1592.650 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
251.200 |
230.000 |
0.000 |
|
Total borrowings |
251.200 |
230.000 |
0.000 |
|
Debt/Equity ratio |
0.273 |
0.220 |
0.000 |
%20PRIVATE%20LIMITED%20-%20339974%2008-Sep-2014_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
3833.000 |
4691.000 |
|
|
22.385 |
%20PRIVATE%20LIMITED%20-%20339974%2008-Sep-2014_files/image006.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
3833.000 |
4691.000 |
|
Profit |
123.000 |
128.000 |
|
|
3.21% |
2.73% |
%20PRIVATE%20LIMITED%20-%20339974%2008-Sep-2014_files/image008.gif)
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Note:
Registered address has been shifted from the Plot No. 330, Functional
Industrial Estate, Patparganj, Delhi – 110092, India to the present address
w.e.f. 21.12.2009.
REVIEW OF OPERATIONS
The Company is engaged in the business of inter-alia designing, engineering, developing, marketing, installing, erecting, commissioning, maintaining, servicing, renovating, and operating all kinds of elevators and escalators and all their allied or ancillary equipment/components.
During the financial year, the Company has achieved total revenue of Rs.4691.000 Million as compared to Rs.3833.000 Million in the previous year, thereby registering a growth of about 22% on year-on-year basis.
FUTURE OUTLOOK
The Company is looking for more avenues for constant growth and expansion of the Company. Along with further strengthening its position in India, the Company is also expanding its operations in neighboring countries like Bhutan, Nepal and Bangladesh. Furthermore, the Company is also considering to establish its own manufacturing base in India.
Dividend and Transfer to Reserves.
The Directors do not recommend payment of any dividend and accordingly, no amount has been transferred to Reserves during the current period.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
0.000 |
230.000 |
|
Total |
|
|
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Motor 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 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.66.74 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
50 |
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.