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|
MIRA INFORM REPORT
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Report No. : |
503588 |
|
Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP SYSTEM ENGINEERING INDIA PRIVATE LIMITED |
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|
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|
Registered
Office : |
D1 Block, Plot No. 18/1, MIDC, Chinchwad, Pune – 411019,
Maharashtra |
|
Tel. No.: |
91-20-27425461 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
29.04.2011 |
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Com. Reg. No.: |
11-139382 |
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Capital
Investment / Paid-up Capital : |
INR 12.000 Million |
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CIN No.: [Company Identification
No.] |
U29220PN2011FTC139382 |
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|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCT8300L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing, assembling and providing design, installation and erection services for Turn-Key Assembly Lines, Assembly and Test Equipments, Weld Lines, fixtures for automobile industry. (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject acts as a subsidiary of Thyssenkrupp System Engineering Gmbh, Germany” and it was incorporated in the year 2011 having good track record. For the financial year 2017, the company has achieved massive growth in its revenue as compared to its previous year along with fair profit margin during the year. Rating takes into consideration strong financial risk profile of the company marked adequate net worth base and along with strong debt coverage indicators. Rating also derives strength from company’s long and established track record of business backed by its vast experience of the promoters and highly diversified product portfolio with presence across various segments in automotive sector. These rating gets partially offset by the company’s exposure to extensive industry competition and price volatility in raw material prices. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial Reconstruction)
list as of 13.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Chavan |
|
Designation : |
Office Executive |
|
Contact No.: |
91-20-27425461 |
|
Date : |
12.04.2018 |
Management Non-Cooperative (91-20-67307600/67304243)
LOCATIONS
|
Registered Office : |
D1 Block, Plot No. 18/1, MIDC, Chinchwad, Pune – 411019,
Maharashtra, India |
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Tel. No.: |
91-20-27425461 |
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Fax No.: |
91-20-27425350 |
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E-Mail : |
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Website : |
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Office: |
P.O. Bag No. 22, Pimpri, Pune – 411018, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vinay Vijay Kanitkar |
|
Designation : |
Managing Director |
|
Address : |
502, Gemini Riverfront, S.No. - 11/4A, Aundh, Pune –
411007, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1962 |
|
Date of Appointment : |
29.04.2011 |
|
DIN No.: |
03321265 |
|
|
|
|
Name : |
Mr. Thorsten Korbs |
|
Designation : |
Director |
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Address : |
Gt Oelber Am Weiben Wege Ahornweg 7, Neiders
Baddeckenstedt 38271 De |
|
Date of Appointment : |
23.12.2016 |
|
DIN No.: |
07688260 |
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|
|
|
Name : |
Mr. Ingo Steinkrueger |
|
Designation : |
Director |
|
Address : |
Reinsberger Strasse, 106,Bremen,Germany Bremen 28359 De |
|
Date of Appointment : |
23.12.2016 |
|
DIN No.: |
07688436 |
KEY EXECUTIVES
|
Name : |
Mr. Chavan |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
ThyssenKrupp System Engineering GMBH, Germany |
|
119880 |
|
ThyssenKrupp Technologies Beteiligunge, Germany |
|
120 |
|
Total |
|
120000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 14.09.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, assembling and providing design, installation and erection services for Turn-Key Assembly Lines, Assembly and Test Equipments, Weld Lines, fixtures for automobile industry. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
|
|
Name : |
Price Waterhouse and Co Bangalore LLP Chartered Accountants |
|
Address : |
7th Floor, Tower A Wing 1, Business Bay, Airport Road, Yerwada, Pune – 411006, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFP9359C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
· Thyssenkrupp System Engineering Gmbh, Germany |
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|
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|
Ultimate holding
Company: |
· Thyssenkrupp AG, Germany |
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Fellow
Subsidiaries: |
· Thyssenkrupp System Engineering S.A. · Thyssenkrupp System Engineering S.A.S. · Thyssenkrupp Industrial Solutions India Private Limited (Formerly Known As Uhde India Private Limited) · Thyssenkrupp Business Services Gmbh · Thyssenkrupp System Engineering Inc. · Thyssenkrupp System Engineering (Shanghai) Co. Limited · Thyssenkrupp India Private Limited - [U74990MH2013PTC242392] |
|
|
|
|
Entity directly or
indirectly controlling the reporting entity: |
· Thyssenkrupp Technologies Beteiligungen Gmbh, Germany |
CAPITAL STRUCTURE
AS ON 14.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000 |
Equity Shares |
INR 100/- each |
INR 12.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000 |
Equity Shares |
INR 100/- each |
INR 12.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
12.000 |
12.000 |
12.000 |
|
(b) Reserves &
Surplus |
67.636 |
41.810 |
22.253 |
|
(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) |
79.636 |
53.810 |
34.253 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
500.000 |
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 |
11.522 |
11.319 |
8.370 |
|
Total Non-current
Liabilities (3) |
511.522 |
11.319 |
8.370 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
88.115 |
317.016 |
154.455 |
|
(b) Trade payables |
220.429 |
83.241 |
121.277 |
|
(c) Other current
liabilities |
47.762 |
36.911 |
3.712 |
|
(d) Short-term provisions |
19.117 |
8.637 |
24.072 |
|
Total Current Liabilities
(4) |
375.423 |
445.805 |
303.516 |
|
|
|
|
|
|
TOTAL |
966.581 |
510.934 |
346.139 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
22.899 |
21.980 |
24.661 |
|
(ii) Intangible Assets |
6.446 |
9.125 |
6.789 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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) |
18.317 |
11.761 |
19.052 |
|
(d) Long-term Loan and Advances |
42.280 |
57.109 |
14.179 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
89.942 |
99.975 |
64.681 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
23.881 |
27.693 |
50.304 |
|
(c) Trade receivables |
396.351 |
164.104 |
131.344 |
|
(d) Cash and cash
equivalents |
20.961 |
5.190 |
6.444 |
|
(e) Short-term loans and
advances |
36.159 |
32.039 |
39.195 |
|
(f) Other current assets |
399.287 |
181.933 |
54.171 |
|
Total Current Assets |
876.639 |
410.959 |
281.458 |
|
|
|
|
|
|
TOTAL |
966.581 |
510.934 |
346.139 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1137.801 |
607.987 |
489.002 |
|
|
Other Income |
37.754 |
0.093 |
0.113 |
|
|
TOTAL |
1175.555 |
608.080 |
489.115 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
721.918 |
295.758 |
203.417 |
|
|
Purchases of
Stock-in-Trade |
0.868 |
1.389 |
26.943 |
|
|
sub-contracted deign
charges and engineering services |
-- |
-- |
60.276 |
|
|
Employees benefits
expense |
111.460 |
86.674 |
67.390 |
|
|
Other expenses |
249.622 |
160.973 |
81.780 |
|
|
TOTAL |
1083.868 |
544.794 |
439.806 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
91.687 |
63.286 |
49.309 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
43.489 |
19.963 |
8.911 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
48.198 |
43.323 |
40.398 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.611 |
10.437 |
7.593 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
38.587 |
32.886 |
32.805 |
|
|
|
|
|
|
|
Less |
TAX |
12.761 |
13.329 |
11.394 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
25.826 |
19.557 |
21.411 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
41.810 |
22.253 |
0.842 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
67.636 |
41.810 |
22.253 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
200.070 |
177.064 |
65.483 |
|
|
TOTAL EARNINGS |
200.070 |
177.064 |
65.483 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
243.811 |
69.844 |
40.380 |
|
|
TOTAL IMPORTS |
243.811 |
69.844 |
40.380 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
215.21 |
162.97 |
178.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
(208.848) |
(91.232) |
(91.227) |
|
Net cash flows from (used in) operations |
(211.143) |
(134.076) |
(134.071) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
127.15 |
98.52 |
98.04 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.87 |
3.70 |
3.72 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
111.31 |
102.25 |
192.16 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
3.84 |
2.29 |
0.98 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
3.12 |
2.03 |
1.57 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.91 |
0.87 |
0.88 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
7.39 |
5.89 |
4.51 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.71 |
8.28 |
8.86 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.37 |
0.58 |
0.92 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.11 |
3.17 |
5.53 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.27 |
3.22 |
4.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.67 |
3.83 |
6.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
32.43 |
36.34 |
62.51 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.34 |
0.92 |
0.93 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
2.27 |
0.86 |
0.76 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.08 |
0.11 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
49.01 |
26.42 |
12.87 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.34 |
0.92 |
0.93 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
12.000 |
12.000 |
12.000 |
|
Reserves & Surplus |
22.253 |
41.810 |
67.636 |
|
Net worth |
34.253 |
53.810 |
79.636 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
500.000 |
|
Short term borrowings |
154.455 |
317.016 |
88.115 |
|
Total borrowings |
154.455 |
317.016 |
588.115 |
|
Debt/Equity ratio |
4.509 |
5.891 |
7.385 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
489.002 |
607.987 |
1137.801 |
|
|
|
24.332 |
87.142 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
489.002 |
607.987 |
1137.801 |
|
Profit/(Loss) |
21.411 |
19.557 |
25.826 |
|
|
4.38% |
3.22% |
2.27% |
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 |
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 |
Primary Segment:
Business Segment
The Company's operations predominantly relate to the manufacturing, assembling and providing design, installation and erection services for Turn-Key Assembly Lines, Assembly and Test Equipments, Weld Lines, fixtures for automobile industry.
State of Affairs and
Future Outlook
During the year performance of the Company was extremely satisfactory. Total income of the company has almost doubled resulting into a increase in profit before tax from INR 32.886 Million in previous year to INR 38.587 Million in the current year The profit after tax has also increased from INR 19.557 Million to INR 25.826 Million in line with profit before taxes.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
500.000 |
0.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand |
88.115 |
317.016 |
|
Total |
588.115 |
317.016 |
INDEX OF CHARGE: No Charges Exists for Company
FIXED ASSETS:
· Plant and Equipment
· Factory Equipments
· Furniture And Fixtures
· Vehicles
· Motor 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 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
|
INR |
|
US Dollar |
1 |
INR 65.34 |
|
|
1 |
INR 92.72 |
|
Euro |
1 |
INR 80.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKTS |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.