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MIRA INFORM REPORT
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Report No. : |
505132 |
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Report Date : |
26.04.2018 |
IDENTIFICATION DETAILS
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Name : |
ELECTRONICS FOR IMAGING INDIA PRIVATE LIMITED (w.e.f.
26.12.2002) |
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Formerly Known
As : |
UNIMOBILE INDIA PRIVATE LIMITED (w.e.f. 06.09.2001) UNIMOBILE.COM PRIVATE LIMITED (w.e.f 21.09.2000) GRAYELL APPLIED TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
Kalyani Platina, 4th Floor, Block 1, No.24, EPIP Zone, Phase II, Whitefield |
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Tel. No.: |
91-80-67681000 |
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Country : |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
24.04.1998 |
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Com. Reg. No.: |
08-023659 |
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Capital
Investment / Paid-up Capital : |
INR 16.002 Million |
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CIN No.: [Company Identification
No.] |
U64202KA1998PTC023659 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTIN : [Goods & Service Tax Registration No.] |
29AAACG6053E1ZR |
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TIN No : |
29780142367 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACG6053E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Software Development and Related Services. (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)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Electronics for Imaging Inc.,
For the financial year 2017, the company has achieved decent growth in
its revenue as compared to its previous year along with fair profit margin
during the year. Rating takes into consideration, the healthy financial risk profile
marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track
record of its business operation backed by its extensive experience of its
management team along with strong financial support from its holding entity. However, rating strength is partially offset by volatile profitability
margin and intensive competition in the service industry. Payment seems to be regular. In view of aforesaid, the concern can be considered for business
dealings 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 26.04.2018
IBBI (Insolvency and Bankruptcy Board of
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
Management non-cooperative (Tel No.: 91-11-40582339)
LOCATIONS
|
Registered Office : |
Kalyani Platina, 4th Floor, Block 1, No.24, EPIP Zone, Phase II, Whitefield, |
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Tel. No.: |
91-80-67681000 |
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Fax No.: |
91-80-67681100 |
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E-Mail : |
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Website : |
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Corporate Office : |
Kalyani Platina, 2nd Floor, Block I, EPIP
zone, Phase II, Whitefield, |
DIRECTORS
As on 31.03.2018
|
Name : |
Marc David Olin |
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Designation : |
Director |
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Address : |
5050, |
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Date of Birth/Age : |
18.10.1964 |
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Qualification : |
Graduation |
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Date of Appointment : |
16.05.2016 |
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DIN No : |
07273931 |
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Name : |
Samir S Gulve |
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Designation : |
Director |
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Address : |
Fl-101, Bl-F-Sn-61/5b/5c, Dobarwadi Amar Ambience Ii, Ghorpadi, Pune 411001 |
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Date of Birth/Age : |
23.10.1959 |
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Qualification : |
Graduation |
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Date of Appointment : |
18.08.2014 |
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DIN No : |
02142486 |
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Other directorship
:
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Name : |
Brandon Wegner Green |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
29.12.1962 |
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Qualification : |
CPA |
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Date of Appointment : |
04.08.2010 |
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DIN No : |
03264826 |
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Name : |
Daniel Triest |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
30.08.1959 |
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Qualification : |
Master |
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Date of Appointment : |
13.01.2015 |
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DIN No : |
07113804 |
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MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Electronics for Imaging Inc, USA |
|
1600228 |
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Electronics for Imaging pty Limited, Australia |
|
4 |
|
Total |
|
1600232 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Software Development and Related Services. (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 : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
Deloitte Center Anchorage Ii, 100/2, Ri C Hmo N D Road, Bengaluru-560025, Karnataka, India |
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Income-tax
PAN of auditor or auditor's firm : |
AACFD3771D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding : |
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Fellow Subsidiary Company : |
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CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
1,600,232 |
Equity Shares |
INR 10/- each |
INR 16.002 Million |
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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 |
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|
|
|
(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
16.002 |
16.002 |
16.002 |
|
(b) Reserves and Surplus |
841.181 |
726.233 |
614.123 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
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|
|
|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
857.183 |
742.235 |
630.125 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
8.082 |
6.041 |
2.284 |
|
(d) long-term
provisions |
0.000 |
0.000 |
49.438 |
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Total Non-current
Liabilities (3) |
8.082 |
6.041 |
51.722 |
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(4)
Current Liabilities |
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|
|
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(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
25.217 |
33.335 |
23.064 |
|
(c) Other
current liabilities |
231.581 |
227.717 |
168.255 |
|
(d) Short-term
provisions |
41.935 |
40.258 |
43.230 |
|
Total Current
Liabilities (4) |
298.733 |
301.310 |
234.549 |
|
|
|
|
|
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TOTAL |
1163.998 |
1049.586 |
916.396 |
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|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
72.925 |
83.751 |
37.521 |
|
(ii)
Intangible Assets |
0.929 |
1.054 |
0.290 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
1.766 |
40.846 |
|
(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) |
65.851 |
60.716 |
62.340 |
|
(d)
Long-term loans and advances |
149.324 |
139.564 |
102.880 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
289.029 |
286.851 |
243.877 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
385.565 |
394.732 |
334.780 |
|
(d) Cash and
bank balances |
432.720 |
331.494 |
312.319 |
|
(e)
Short-term loans and advances |
33.526 |
32.848 |
25.420 |
|
(f) Other
current assets |
23.158 |
3.661 |
0.000 |
|
Total
Current Assets |
874.969 |
762.735 |
672.519 |
|
|
|
|
|
|
TOTAL |
1163.998 |
1049.586 |
916.396 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1410.520 |
1299.884 |
1156.494 |
|
|
Other Income |
7.071 |
7.075 |
10.680 |
|
|
TOTAL |
1417.591 |
1306.959 |
1167.174 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
959.927 |
893.815 |
808.147 |
|
|
CSR expenditure |
2.165 |
1.860 |
1.605 |
|
|
Other expenses |
227.071 |
198.224 |
166.703 |
|
|
TOTAL |
1189.163 |
1093.899 |
976.455 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
228.428 |
213.060 |
190.719 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
1.436 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
228.428 |
213.060 |
189.283 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
39.529 |
40.139 |
31.883 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
188.899 |
172.921 |
157.400 |
|
|
|
|
|
|
|
Less |
TAX |
73.951 |
60.812 |
54.405 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
114.948 |
112.109 |
102.995 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
71.832 |
70.058 |
64.363 |
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 |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
194.868 |
148.846 |
206.477 |
|
Net cash flows from (used in) operating activity |
124.350 |
68.648 |
128.680 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
99.77 |
110.84 |
105.66 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.66 |
3.29 |
3.45 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
3.09 |
2.46 |
2.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.26 |
0.29 |
0.26 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.35 |
0.41 |
0.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.09 |
0.12 |
0.12 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
0.00 |
132.81 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
8.15 |
8.62 |
8.91 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.88 |
10.68 |
11.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
13.41 |
15.10 |
16.35 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.93 |
2.53 |
2.87 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.93 |
2.53 |
2.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.74 |
0.71 |
0.69 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.93 |
2.53 |
2.87 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
16.002 |
16.002 |
16.002 |
|
Reserves & Surplus |
614.123 |
726.233 |
841.181 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
630.125 |
742.235 |
857.183 |
|
|
|
|
|
|
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Sales |
1156.494 |
1299.884 |
1410.520 |
|
|
|
12.399 |
8.511 |
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 |
1156.494 |
1299.884 |
1410.520 |
|
Profit |
102.995 |
112.109 |
114.948 |
|
|
8.91
% |
8.62
% |
8.15
% |
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 |
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 |
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 office of the company has been
shifted from NO 133 Salarporia Hallmark Kadubeesanahalli
Outer Ring Road, Bangalore – 560087, Karnataka, India to the present address w.e.f. 01.03.2011
BACKGROUND
The company was incorporated on 24 April 1998 as Graycell Applied Technologies Private Limited under the Companies Act, 1956 and acquired the current name in December 2002, pursuant to the acquisition of Unimobile Inc., USA by Electronics For Imaging Inc., USA, ('the Holding Company') engaged in the business of providing digital imaging and print solutions for the commercial printing and enterprise markets, incorporated under the laws of the State of Delaware, USA.
The company is primarily engaged in developing software and solutions which would form part of various products and solutions offered by the Holding Company. The Company has entered into Service Agreements with the Holding Company and a group Company to render these services along with sales and marketing support which are recharged on a fully loaded cost basis at a pre-determined mark-up on such costs. The Company is a 100 percent export oriented unit and is registered under the Software Technologies Parks of India Scheme (STPI) of the Government of India.
FINANCIAL REVIEW:
The operational details for the year 2016-17 are as below.
Total revenue from operations for the year ended 31 March 2017 is INR 1410.520 Million as against INR 1299.884 Million in the previous financial year.
The Employee cost for the year is 31 March 2017 is INR 959.927 Million as against INR 893.815 Million in the previous financial year.
There is no change in the nature of business compared to previous year and there are no material changes and commitments affecting the financial position of the Company during the year.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
Y10298940 |
90197041 |
GLOBEL TRUST BANK LTD |
25/06/1996 |
- |
- |
1000000.0 |
21/12; LANDMARKM. G. ROAD, BANGALORE-560001IN |
|
2 |
Y10299302 |
90197403 |
GLOBEL TRUST BANK LTD |
25/07/1998 |
06/11/1998 |
01/05/2004 |
1000000.0 |
21/12; LANDMARKM. G. ROAD, BANGALORE-560001IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
equipment
- Office
Equipment
- Plant and
Machinery
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 66.70 |
|
|
1 |
INR 93.14 |
|
Euro |
1 |
INR 81.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
TRUP |
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.