MIRA INFORM REPORT
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Report No. : |
341269 |
|
Report Date : |
15.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
STAUFF INDIA PRIVATE LIMITED |
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Registered
Office : |
Gat No. 26/1 + 27, Village-Lonikand, Pune-Nagar
Road, Pune – 412216, Maharashtra |
|
Tel. No.: |
91-20-66255300 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
19.02.1997 |
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Com. Reg. No.: |
11-105994 |
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Capital
Investment / Paid-up Capital : |
Rs.73.584 Million |
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|
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CIN No.: [Company Identification
No.] |
U74999MH1997PTC105994 |
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IEC No.: |
3197033892 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Trader and Exporter of Hydraulic Accessories. |
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No. of Employees
: |
47 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 wholly owned subsidiary of "Stauffenberg Beteiligungs Gmbh", Germany. Subject is an established company having satisfactory track. Rating takes into consideration debt free capital structure of the company along with significant increase in sales and net profit in FY14. However rating constraints on account of less, reserve level and unfavourable gap between trade payables and trade receivables 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 support from the parent company along with improving financial condition, the company can be considered for business dealings with 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.
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 PARTED BY
|
Name : |
Mr. Ashish Gilankar |
|
Designation : |
Finance Head |
|
Contact No.: |
91-20-66202466 |
|
Date : |
14.09.2015 |
LOCATIONS
|
Registered Office : |
Gat No. 26/1 + 27, Village-Lonikand, Pune-Nagar
Road, Pune – 412216, Maharashtra, India |
|
Tel. No.: |
91-20-66202466 |
|
Fax No.: |
91-20-66255301 |
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E-Mail : |
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|
Website : |
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|
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Branch 1 : |
A-1, 2, 3 and 4, Mamta Complex, Near ONGC Well, Sarkhej Sanand Road,
Sarkhaj – 382210, Ahmedabad, Gujrat, India
|
|
|
|
|
Factory: |
Pune Nagar Road, Wagholi, Pune – 412207, Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Bipin Krishnakant Chirmure |
|
Designation : |
Managing director |
|
Address : |
Row House No. 4 "Parkland" Near Sopan Baug, S.
No. 51/2+51/3 Balewadi, Pune - 411045, Maharashtra, India |
|
Date of Birth/Age : |
05.10.1969 |
|
Qualification: |
DME |
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Experience: |
24 Years |
|
Date of Appointment : |
20.10.2011 |
|
DIN No.: |
03623896 |
|
PAN No.: |
ACMPC6353Q |
|
|
|
|
Name : |
Knut Menshen |
|
Designation : |
Director |
|
Address : |
Hardtweg 3, Olpe, 57462, Germany |
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Date of Birth/Age : |
28.05.1960 |
|
Date of Appointment : |
18.05.1999 |
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DIN No.: |
00609490 |
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|
|
|
Name : |
Joerg Deutz |
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Designation : |
Director |
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Address : |
Stoecken 22, Lohmar, 53797, Germany |
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Date of Birth/Age : |
24.02.1966 |
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Date of Appointment : |
02.03.2011 |
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DIN No.: |
03404771 |
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|
|
|
Name : |
Lutz Otto Menshen |
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Designation : |
Director |
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Address : |
Kantstrabe 3, Neuenrade, 58809, Germany |
|
Date of Birth/Age : |
08.8.1963 |
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Date of Appointment : |
25.01.2000 |
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DIN No.: |
00609630 |
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|
|
|
Name : |
Franz Heiner Schmitz |
|
Designation : |
Director |
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Address : |
Handstrasse 64a, Bergisch Gladbach, 51469, Germany |
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Date of Birth/Age : |
25.02.1956 |
|
Date of Appointment : |
11.12.2012 |
|
DIN No.: |
06435251 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Gilankar |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Stauffenberg Beteiligungs GmbH, Germany |
|
7358413 |
|
Bipin Krishnakant Chirmure |
|
1 |
|
Total |
|
7358414 |
Equity Share Break up (Percentage of Total Equity)
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 |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader and Exporter of Hydraulic Accessories. |
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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 : |
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Products : |
Finished Good |
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Countries : |
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Imports : |
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Products : |
Finished Good |
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Countries : |
Germany |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesales, Retailers and Manufacturer
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No. of Employees : |
47 (Approximately) |
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Bankers : |
Deutsche Bank, Aundh, Pune, Maharashtra, India
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Auditors : |
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Name : |
S.R. Battiboi and company Chartered Accountants |
|
Address : |
C-401, 4th Floor, Panchshil Tech Park, Yerwada (Near Don Bosco School), Pune - 411006, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AALFS0506L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
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Ultimate Holding
company: |
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Fellow Subsidiary
Company: |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
Rs.10/- each |
Rs.90.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
7358414 |
Equity Shares |
Rs.10/- each |
Rs. 73.584
Million |
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|
|
|
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 |
73.584 |
73.584 |
73.584 |
|
(b) Reserves & Surplus |
3.847 |
0.573 |
0.238 |
|
(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) |
77.431 |
74.157 |
73.822 |
|
|
|
|
|
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(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 |
0.079 |
0.170 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
0.079 |
0.170 |
0.000 |
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|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
102.186 |
72.462 |
42.805 |
|
(c) Other current liabilities |
6.183 |
7.082 |
5.131 |
|
(d) Short-term provisions |
4.925 |
7.644 |
5.788 |
|
Total
Current Liabilities (4) |
113.294 |
87.188 |
53.724 |
|
|
|
|
|
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TOTAL |
190.804 |
161.515 |
127.546 |
|
|
|
|
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II.
ASSETS |
|
|
|
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(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9.573 |
12.125 |
13.351 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
1.529 |
1.143 |
0.905 |
|
(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) |
4.652 |
4.381 |
4.570 |
|
(d) Long-term Loan and Advances |
6.331 |
3.799 |
3.390 |
|
(e) Other Non-current assets |
0.174 |
0.000 |
0.886 |
|
Total
Non-Current Assets |
22.259 |
21.448 |
23.102 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
38.099 |
40.045 |
34.768 |
|
(c) Trade receivables |
46.899 |
46.787 |
36.295 |
|
(d) Cash and cash equivalents |
69.091 |
40.990 |
24.017 |
|
(e) Short-term loans and
advances |
9.429 |
10.065 |
5.652 |
|
(f) Other current assets |
5.027 |
2.180 |
3.712 |
|
Total
Current Assets |
168.545 |
140.067 |
104.444 |
|
|
|
|
|
|
TOTAL |
190.804 |
161.515 |
127.546 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
237.142 |
217.645 |
212.241 |
|
|
Other Income |
2.922 |
2.803 |
2.203 |
|
|
TOTAL
|
240.064 |
220.448 |
214.444 |
|
|
|
|
|
|
|
Less |
EXPENSES |
232.304 |
211.700 |
208.723 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
7.760 |
8.748 |
5.721 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
2.787 |
3.656 |
3.490 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
4.973 |
5.092 |
2.231 |
|
|
|
|
|
|
|
Less |
TAX |
1.699 |
4.757 |
3.203 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3.274 |
0.335 |
(0.972) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.44 |
NA |
NA |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
290.000 |
Expected Sales (2015-2016): Rs.330.000 Million
The above information has been parted by Mr. Ashish Gilankar
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 |
4.972 |
5.092 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.38 |
0.15 |
-0.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.69 |
3.26 |
1.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.07 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49 |
1.61 |
1.94 |
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 |
73.584 |
73.584 |
73.584 |
|
Reserves & Surplus |
0.238 |
0.573 |
3.847 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
73.822 |
74.157 |
77.431 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
212.241 |
217.645 |
237.142 |
|
|
|
2.546 |
8.958 |
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 |
212.241 |
217.645 |
237.142 |
|
Profit |
(0.972) |
0.335 |
3.274 |
|
|
(0.46%) |
0.15% |
1.38% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
MANAGEMENT DISCUSSION
Development of
national economy:
Economic Policies:
Inflation is a big concern for the India and vital factor which is affecting the growth of the country. Although it has shown some sign of moderation recently and expecting to come down in next couple of months. To attend the higher growth, new government has started taking action. On the other side, Reserve Bank of India has also taken good steps to combat inflation. Due to moderation in inflation, Interest rate has stabilized now and RBI may think to reduce interest soon. This will have positive impact on economy and cost of fund will come down for business entities. Risk of downside in GDP is receding. India’s economic growth accelerated to 5.7 per cent in Apr-June quarter, much better than 4.7 per cent in the same quarter of last fiscal year.
Overall Economic
Prospect:
The economic outlook is very positive in India and new government is taking various initiatives to achieve higher GDP growth. Indian economy is expected to achieve GDP growth above 5 per cent in the year 2014. Looking to the developments in the economy, various research organizations have upgraded the outlook of Indian economy. Rating agency Moody has forecasted GDP growth of 5.2 per cent for the year 2014 and 6.5 per cent for the year 2015. The future growth will depend on improvement in business sentiments, inflation status, investment and export.
Currency Movement:
In the fiscal year 2013-14, the Indian currency has depreciated by 9.9% against the US dollar.
Development of the
sector of industry
The sharp rise in industrial output in May 2014 is a sign that Indian economy is on the path of recovery and expect the rebound to sustain in the future. Showing sign of improvement, Index of Industrial Production, an indicator of development in the sector of the industry, has increased at high pace of 4.7 per cent in May 2014, backed by 4.8 per cent growth in manufacturing sector and 6.3 per cent surge in electricity generation. For April-May, manufacturing sector recorded a growth of 3.7 per cent, compared to contraction of 0.7 per cent in the year ago. The output of intermediate goods rose to 2.7 per cent, while capital goods sector improved by 4.5 per cent in May 2014.
Development in Global
Market
Asian economy is improving backed by growth in US economy and boost in internal demands. In the year 2014-15, company is expecting to achieve higher revenue realization due to improvement in India economy and export market.
o Important new products and market segments, assortment clearing etc.
· In the current year, company has launched new products namely Pump flanges, tube bending, CRE adaptors, hose pipe.
· Company has started export to China and Brazil.
· New customers are added in power sector and railways industry.
· Company has signed annual rate contract with the customers therefore travelling and customer handling cost is reduced.
o Important changes in production and in the supply situation
· Company has increased share of manufacturing in the current year and also planning to add machines and manpower to increase the
share of manufacturing activities in future.
· Company has placed half-yearly contract with suppliers to get additional discount and smooth supply is assured.
· Company has got discount from European suppliers for project orders.
o Company have developed new vendors in current year to match the demand of customers and decrease the risk of dependency on suppliers. Company is striving for improvement in gross profit margin and searching ways for optimum utilisation of resources so that cost can be managed effectively. Also implemented various cots cutting measures during the financial year 2013-14.
CORPORATE INFORMATION
Subject is a private limited company domiciled in India and
incorporated on February 19, 1997 under the provisions of the Companies Act,
1956. The Company is engaged in trading and manufacturing of hydraulic
accessories and spares. The Company caters to both domestic and international
markets.
FIXED ASSETS
Tangible assets
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON DESIGNATED
PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records 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.66.37 |
|
UK Pound |
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.75.32 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.