MIRA INFORM REPORT
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Report
Date : |
08.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
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Registered
Office : |
E – 292, Sarita Vihar, New Delhi – 110044, India |
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Country: |
India |
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Financials
as on: |
31.03.2006 |
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Date
of Incorporation : |
28.04.1995 |
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Com.
Reg. No.: |
55-68008 |
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CIN
No.: [Company Identification No.] |
L74899DL1983PTC068008 |
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TAN
No.: [Tax Deduction & Collection Account No.] |
RTKK01584C |
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PAN
No.: [Permanent Account No.] |
AAACK3111H |
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Legal
Form : |
A Public
Limited Liability Company. The company’s shares are listed on the Stock
Exchanges. |
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Line
of Business : |
Manufacturers of Duplex Board Boxes, Corrugated Boards,
Rolls and Boxes |
RATING & COMMENTS
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MIRA’s
Rating : |
Ba |
RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum
Credit Limit : |
USD
400000 |
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Status
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Satisfactory
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Payment
Behaviour : |
Slow by
average 30 days |
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Litigation
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Clear |
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Comments
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Subject is a well-established company having satisfactory
track. Profits margin is under pressure. However business is growing
steadily. Trade relations are fair. Payments are reported as slow but
correct. The company can be considered normal for business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered
Office : |
E – 292, Sarita Vihar, New Delhi – 110044, India |
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Tel.
No.: |
91-11-26955419 |
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Fax
No.: |
91-11-26955419 |
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E-Mail
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Website
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Corporate
Office/ Factory : |
297, Sector – 24, Faridabad – 121 005, Haryana, India |
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Tel.
No.: |
91-129-2232161/2232167 |
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Fax
No.: |
91-129-2232672 |
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Mobile
No.: |
91-9818899621 |
DIRECTORS
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Name : |
Mr. Shyam Sunder Khemka |
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Designation
: |
Chairman and Managing Director |
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Address: |
House No. 1296, Sector 14, Faridabad – 121 001, Haryana,
India. |
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Date
of Birth/Age : |
25.11.1942 |
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Date
of Appointment : |
21.01.1983 |
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Name : |
Mr. Chandrakala Khemka |
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Designation
: |
Director |
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Address: |
House No. 1296, Sector 14, Faridabad – 121 001, Haryana,
India. |
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Date
of Birth/Age : |
15.03.1950 |
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Date
of Appointment : |
21.01.1983 |
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Name : |
Mr. Rajeev Khemka |
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Designation
: |
Director |
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Address: |
House No. 1296, Sector 14, Faridabad – 121 001, Haryana,
India. |
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Date
of Birth/Age : |
20.09.1967 |
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Date
of Appointment : |
30.09.1985 |
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Name : |
Mr. Sanjeev Khemka |
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Designation
: |
Director |
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Address: |
House No. 1296, Sector 14, Faridabad – 121 001, Haryana,
India. |
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Date of
Birth/Age : |
18.06.1968 |
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Date
of Appointment : |
01.08.1991 |
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Name : |
Mr. Ashish Khemka |
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Designation
: |
Director |
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Address: |
House No. 1296, Sector 14, Faridabad – 121 001, Haryana,
India. |
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Date
of Birth/Age : |
27.01.1976 |
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Date
of Appointment : |
01.08.1996 |
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Name : |
Mr. R N Khan |
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Designation
: |
Nominee (HSIDC) |
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Address: |
958, Sector – 8, Faridabad – 121 001, Haryana, India. |
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Date
of Birth/Age : |
01.08.1960 |
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Date
of Appointment : |
27.04.1999 |
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Name : |
Mr. Sanjeev Jain |
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Designation
: |
Director |
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Address: |
C-3/15, Ahok Vihar, Phase – II, Wazirpur, Delhi – 110 001,
India. |
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Date
of Birth/Age : |
02.07.1969 |
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Date
of Appointment : |
21.03.2003 |
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Name : |
Mr. Sunil Bansal |
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Designation
: |
Director |
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Address: |
105, Sukhdev Vihar, New Delhi – 110 001, India |
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Date
of Birth/Age : |
05.03.1967 |
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Date
of Appointment : |
21.03.2003 |
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Name : |
Mr. Rahul Jain |
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Designation
: |
Director |
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Address: |
C-1/16, Vasant Vihar, New Delhi – 110 001, India |
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Date
of Birth/Age : |
02.05.1974 |
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Date
of Appointment : |
21.03.2003 |
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Name : |
Mrs. Tanu Ritesh Sarin |
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Designation
: |
Secretary |
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Address: |
House No. 748, Sector-22, Faridabad – 121 005, Haryana,
India. |
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Date
of Birth/Age : |
02.12.1982 |
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Date
of Appointment : |
26.07.2006 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
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Mr. Shyam Sunder Khemka |
100 |
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Mr. Chandrakala Khemka |
100 |
Equity Shares Breakup (Percentage of Total Equity)
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Category |
Percentage |
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Bodies Corporate |
48.15 |
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Directors & Relatives |
30.53 |
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Other top 50 Shareholders |
19.16 |
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Others |
2.16 |
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TOTAL: |
100.00 |
BUSINESS DETAILS
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Line
of Business : |
Manufacturers of Duplex Board Boxes, Corrugated Boards,
Rolls and Boxes |
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Products
: |
·
Supplies:advertising:practice
promotion |
GENERAL INFORMATION
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Customers
: |
v LG Electronics v Samsung v Bata v Goodrej v BPL v TATA v Hindustan Lever Limited v Hamdaed v Heinz |
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No. of
Employees : |
600 |
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Bankers
: |
Allahabad Bank, NIT Faridabad. , Faridabad – 121 001,
Haryana, India. |
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Facilities : |
- |
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Banking Relations : |
Unknown |
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Auditors
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R. L. Borar Chartered Accountant |
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Address: |
35, Neelam Bata Road, Faridabad – 121 001, Haryana, India.
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Group
Companies : |
Food and Healthcare Specialities |
CAPITAL STRUCTURE
Authorised
Capital :
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No. of
Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs. 10/- Each |
Rs. 50.000 Millions |
Issued,
Subscribed & Paid-up Capital :
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No. of
Shares |
Type |
Value |
Amount |
|
3000085 |
Equity Shares |
Rs. 10/- Each |
Rs. 30.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS
FUNDS |
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1] Share
Capital |
30.000 |
30.000 |
30.000 |
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2] Share
Application Money |
0.000 |
0.000 |
0.000 |
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3]
Reserves & Surplus |
72.215 |
69.782 |
60.500 |
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4]
(Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH
|
102.215 |
99.782 |
90.500 |
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LOAN
FUNDS |
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1]
Secured Loans |
114.062 |
123.336 |
137.400 |
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2]
Unsecured Loans |
68.562 |
62.754 |
70.400 |
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TOTAL
BORROWING
|
182.624 |
186.090 |
207.800 |
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DEFERRED
TAX LIABILITIES |
18.585 |
18.278 |
0.000 |
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TOTAL
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303.424 |
304.150 |
298.300 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
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204.210 |
211.882 |
224.700 |
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Capital work-in-progress
|
0.345 |
0.569 |
0.000 |
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INVESTMENT
|
0.475 |
5.055 |
5.100 |
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DEFERREX TAX ASSETS
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0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
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26.496 |
33.099
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38.200
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Sundry Debtors
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97.284 |
64.486
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66.100
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Cash & Bank Balances
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1.311 |
3.211
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1.600
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Other Current Assets
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0.000 |
0.000
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0.000
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Loans & Advances
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19.874 |
13.894
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11.300
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Total Current Assets
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144.965 |
114.690 |
117.200
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Less : CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
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42.519 |
26.688
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48.300
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Provisions
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4.052 |
1.412
|
1.000
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Total Current Liabilities
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46.571 |
28.100 |
49.300
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Net
Current Assets
|
98.394 |
86.590 |
67.900
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MISCELLANEOUS EXPENSES
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0.000 |
0.054 |
0.600 |
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TOTAL
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303.424 |
304.150 |
298.300 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
Sales Turnover [including other income]
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443.100 |
371.500 |
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Profit/(Loss) Before Tax
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|
9.600 |
6.100 |
Provision for Taxation
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|
0.400 |
5.300 |
Profit/(Loss) After Tax
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|
9.200 |
0.800 |
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Total Expenditure
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407.400 |
307.200 |
KEY
RATIOS
|
PARTICULARS |
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31.03.2005 |
31.03.2004 |
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Debt-Equity Ratio |
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2.07 |
2.10 |
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Long Term Debt-Equity Ratio |
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2.07 |
2.10 |
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Current Ratio |
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2.38 |
2.15 |
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TURNOVER RATIOS |
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Fixed Assets |
|
1.42 |
1.21 |
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Inventory |
|
12.45 |
11.13 |
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Debtors |
|
6.79 |
6.75 |
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Interest Cover Ratio |
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1.52 |
1.37 |
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Operating Profit Margin(%) |
|
12.19 |
11.48 |
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Profit Before Interest And Tax Margin(%) |
|
6.30 |
7.06 |
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Cash Profit Margin(%) |
|
7.97 |
4.64 |
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Adjusted Net Profit Margin(%) |
|
2.08 |
0.23 |
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Return On Capital Employed(%) |
|
9.56 |
9.00 |
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Return On Net Worth(%) |
|
9.67 |
0.89 |
LOCAL AGENCY FURTHER INFORMATION
Plot no 297 sector 24 faridabad
same as above
faridabad, HR 121005
India
Contact:deepak dhar, manager
sales and marketing
Phone:9101132634488
Toll Free:9101132634488
Fax:9101292232672
Email:deepak@khemkacontainers.com
Website:http://www.khemkacontainer.com
http://www.khemkacontainer.com
Distribution Area(s):
·
World Wide
·
Asia
·
Africa
·
Europe
Company
Khemka Containers Limited (KCL), is one of the leading and largest
company in the Paper Printing and Packaging Industry in the country. With four
production units based in Northern India they have come a long way since their
inception in 1983, offering customers a full range of packaging options from
- High-end graphic labels
- Corrugated shipping boxes,
- Lithographic multi-color boxes
- Point-of-sale displays,
- Promotional Material
- Bulk containers
- Wood Replacement Alternatives.
KCL are pioneers in
setting up a state-of-art automatic corrugated board plant in Northern
India. This not only enhanced the Packaging Quality in accordance to
International Standard, but has also made KCL globally competitive.
KCL has been serving
almost the entire packaging requirements of MNCs and large Indian Companies in
the following industries:
- Food
- Consumer Durables
- Home Appliances
- FMCG Products
- Engineering Goods
- Fresh Produce
- Pharmaceuticals
- Automotive Components.
Introduction:
Food and Healthcare Specialties is a quality manufacturer of food
and healthcare products. Food and Healthcare Specialties was started with an
aim to benefit from the promoters vast experience in the packaging industry.
Khemka Containers Limited, the flagship company of the group is one of the
leading Packaging companies in India.
FHS is the
first step towards the group's forward integration initiatives, adding unique
value to the bouquet of services offered to the customers. FHS offers its
customers the freedom to outsource all its product manufacturing and packaging
requirements and enables them to concentrate more on the marketing front.
FHS's
commitment to high standards of quality and cost effectiveness has made Hienz
India Ltd. to choose FHS as a contract manufacturer and co-packer of its
Glucon-D, Glucon-C and Complan range of products. Health Food supplements,
Spices.
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Name of the Company |
KHEMKA CONTAINERS
LIMITED |
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Presented by |
Mr. Rajeev Khemka |
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1. Date
and description of the instrument creating or evidencing the charge
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Agreement of hypothecation dated 30.03.1988 and date of
registration 12.07.1988 and date of modification on date 25.04.2003 |
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2. Amount
secured by the charge /amount owing on security of the charge |
Total Rs. 12.650 Millions modified by Rs. 115.220
Millions. |
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3. Short
Particular of the property charged. If the property acquired is subject to
change date of acquisition of property should be
given
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The company hereby charges and hypothecates by way of
charge in favour of the Bank all the present and future goods and movable
properties of any kind of the company including all movable plant, engines
and Machinery, Apparatus, Tools, Motor lorries and Cars, Furniture and Stock
of Kraft Paper, Duplex, Printing Inks, Chemicals, Expandable Styroper beeds.,
coals, packing materials etc. and other materials whether raw or finished in
process of manufacture and also all present & future books, cash in hand
and at Bank for the purpose and upon the terms conditions cleared in the
general letter of hypothecation dated 30.03.1988. All that piece of parallel of land containing an area of
1288.88 se. ya. And building appertaining to Plot No. 297, Sector-24,
Faridabad and bounded on the East by Plot No. 296, on west by Plot No. 29 on
the North by road and on the south by Plot No. 276, Plot measuring 1288.88
sq. yds. and building appertaining to Plot no. 27, Sectro 24, Faridabad
butted and bounded on the East by Plot No. 29 and on the south by road area
of 2 canals 4 marlas appertaining to Plot at Village Samepur, Tehsil
Ballabgarh, District, Faridabad measuring 18049 sq. mtrs. And building
appeartaining to Plot No. 11B, Udyog Vihar Greater Noida, Uttar Pradesh
bounded on the North by Plot No. 11B, on the south by road , on the East by
Plot No. 9 on the West Plot No. 11A. All that piece of land containing an
area of 1288.88 sq. yds. and building appearaing to Plot No. 298, Sector-24,
Faridabad builted and bounded on each by Plot No. 297 on the west by Plot No.
299 on the North by Road and on the south by Plot No. 275. Apart from above 2nd charge on all that piece
of land containing Plot measuring 24166.66 sq. yds. and building appertaining
to Plot No. 135, Sector 24, Faridabad builted and bourded on the east by Plot
No. 134, Sector-24, Faridabad on the South by Plot No. 143/144, Sector-24,
Faridabad and on the North of the road having first charge with Haryana State
Industrial Development Corporation, Chandigarh. Second Charge by way of
Hypothecation on Six Colour offset Printing machine UN-102 German Make first
charge with Haryana State Industrial Development Corporation Limited
Chandigarh. |
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4. Gist
of the terms and conditions and extent and operation of the charge. |
The Cash Credit shall be repaid on demand, shall cary
interest @PLR plus 0.50% pa. with monthly rests subject to change from time
to time as per change in PLR/Head Office Instructions 1st Term
Loan Shall be repaid in 16 quarterly installments of Rs. 0.938 Millions
payable The loan shall cary interest @13% p.a. with quarterly rests. 2nd Term Loan Shall be repaid in 23 quarterly
installments of Rs. 1.042 Millions and last installments of Rs. 1.024
Millions payable the loan shall carry interest @ 12% p.a. with quarterly
rests. |
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5. Names,
address and description of the persons entitled to charge |
Allahabad Bank, NIT Faridabad. , Faridabad – 121 001,
Haryana, India. |
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6. Date
and brief description of instrument modifying the charge |
General Letter of Hypothecation Deed dated 26.08.2004. |
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7.
Particular of modification specifying the terms and conditions or the extent
or operation of the charge in which modification is made and the details of modification |
Modification of charge made vide general letter of
hypothecation dated on the terms and conditions mentioned as under. The
following modification has been made in the limits on 26.08.2004. (Amount in Millions)
Addition 25% margin in cash credi and Book debts drawing
Margin of Foreign L/C has been charged 10% and margin on Bank Guarantee has
been charged on 10%. The rate of interest charged 0.4% over Bank PLR Rate
with monthly rests. Now interest modified to 0.4% over Bank PLR rate p.a.w.a.r
(excluding penal interest). 1st Term Loan Shall be repaid at existing
period. The loan shall cary interest @12.86% (fixed) p.a. with monthly rests. 2nd Term Loan shall be repaid at existing
period. The loan shall cary interest @11.88% (fixed) p.a. with monthly rests.
Corporate Loan shall be repaid in 36 monthly installments of Rs. 0.333
Millions. The loan shall carry interest @PLR p.a.m.r. |
|
Name of the Company |
KHEMKA CONTAINERS
LIMITED |
|
Presented by |
KHEMKA CONTAINERS
LIMITED |
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1. Amount
secured by the charge /amount owing on security of the charge |
Rs. 125.987 Millions |
|
2. Short
Particular of the property charged. If the property acquired is subject to
change date of acquisition of property should be
given
|
The company hereby charges and hypothecates by way of
charge in favour of the Bank all the present and future goods and movable
properties of any kind of the company including all movable plant, engines
and Machinery, Apparatus, Tools, Motor lorries and Cars, Furniture and Stock
of Kraft Paper, Duplex, Printing Inks, Chemicals, Expandable Styroper beeds.,
coals, packing materials etc. and other materials whether raw or finished in
process of manufacture and also all present & future books, cash in hand
and at Bank for the purpose and upon the terms conditions cleared in the
general letter of hypothecation. |
|
3. Gist
of the terms and conditions and extent and operation of the charge. |
The interest on cash @ NIL% p.a. over Allahabad Bank’s
prime rate which is as present 11.25% p.a. with monthly rests on Corporate
Loan @ at Allahabad Bank’s Prime Lending Rate which is at present 11.25%p.a.
with monthly rests. That interest on Term Loan -1 @ 12.86% p.a. with monthly
rest and on Term Loan-II @ 11.88% p.a. with monthly rests. |
|
4. Names,
address and description of the persons entitled to charge |
Allahabad Bank, NIT Faridabad. , Faridabad – 121 001,
Haryana, India. |
|
5. Date
and brief description of instrument modifying the charge |
General Letter of Hypothecation Deed dated 05.06.2006. |
|
6.
Particular of modification specifying the terms and conditions or the extent
or operation of the charge in which modification is made and the details of modification |
N.A. |
A Word From The
Chairman
Standing at the verge of Twenty First Century, the world
population is living in an ever rapidly changing environment. Significant
development which have never been witnessed in the past, such as dismantled
political ideologies, multipolarized global economy, regional integration and
the emerging age of information, all signal the advent of a new era.
Rapid development in science and technology, specifically in
information and communications technology, have contributed immensely in
eliminating artificial boundaries. This has resulted into a Global Market,
leading the world to create a single economic block.
On the economic front, nations have entered an epoch of
unlimited competition with the establishment of the WTO, advocating free trade.
The changing structure and the quality of the global economy has greatly
influenced the overall corporate business environment. And at this advent it
becomes more important for Khemka Containers to be more competitive and more
effective. By pursuing their own strategy of "Speed And Perfection",
they will ensure that their operations will ran competitively among the leading
company. They will aim at providing the best customer service, not only their
customer's impression.
Moving ahead with the growing needs of their business
operations and enhancing their business functions, they will strive at becoming
a business organizer with higher added values.
Sincerely,
Sh. Shyam Khemka
Chairman-cum-Managing Director
News And Events
News
Khemka Containers's Printing & Packaging business has won
numerous awards for its quality, environmental management systems and product
excellence.
World-class quality and a highly skilled and dedicated team have combined to
position Khemka Containers Limited as the first-choice supplier of high
value added packaging.
August, 2005
Six
Sigma training started. Target set for 4 green belts by December
2005
June, 2005
Eco-Partner
Supplier certified by Samsung India Electronics Limited
May, 2005
Fourth
production facility of Khemka commenced production at Baddi,
Himachal Pradesh. They have set up this unit to cater to the huge
requirements of their existing as well as new customers who are setting up big
manufacturing units to avail the tax benefits offered by the Central Government
December, 2004
Folding
Carton Division moved into new production facility at 135, Sector 24
Faridabad. This facility is aimed at optimising the process flow. The total
floor area of this facility is 80,000 sqft. Spread over an land area of 300,000
sqft.
July 16, 2003
A
6-colour Heidelberg CD-102S with Cptronic & I R Dryer installed at
Folding Carton Division. This machine has laid the foundation of the new
facility, where entire division's operation would shifted in over 18 months
time.
July, 2003
The New Corrugation Unit
Started on July, 2003
Khemka Containers started state-of-the-Art automatic corrugation line in
Greater Noida. This automatic plant is first of its kind in Northern India and
only second in India. The use of automatic systems to produce corrugated board,
has increased the quality of their cartons manifold.
This plant has also enabled Khemka Containers to have locational advantages as
it services its customers based in Greater Noida itself. The plant has huge
production capacities as it is fully automatic.
This investment will help Khemka Containers to preserve its place among the
leading Corrugated Box making companies, and promote its sales on the markets.
March 16, 2002
Khemka
Containers receives National Awards For Excellence in Printing (NAEP) 2001
on March 16th 2002 for
- Rank 1 Packaging - Printed Carton and
- Rank 2 Packaging - Printed Carton
March 11, 2002
Bhumi
Poojan of new plant in Greater Noida was done on 11th March 2002
and the construction work is started which is likely to be completed by 2nd
Quarter of Financial Year 2002-2003. State-Of-The-Art and machinery would also
be commissioned within the same Quarter.
February 1, 2002
Khemka Containers is amongst first printing and packaging
companies in the world to be certified for ISO 9001:2000 Standard
by TUV Suddeutschland
Corrugated Boxes
Khemka Containers, today is one of the
leading manufacturer of Corrugated Boxes supplying to varied industries like
Consumer Durables, Home Appliances, Confectionaries, Food, Milk Products,
Personal Care, Engineering Goods, Automobile Components, computer Hardware
,Liquors, etc. While it is accepted that consumer buying patterns are strongly influenced
by color, the widening role of corrugated as packaging medium in the retail
demands that box makers re-appraise printing standards and qualities. That's
where Khemka Containers make the difference with its competitors.
With an on going in technology and human
resource department, Khemka Containers have success fully remained abreast of
global trends while at same time adopting the world class strategies in a bid
to consolidate and build its position within the corrugated packaging industry.
Developments in this regard
encompass lighter and higher performance liners and flutings, innovative box
designs, total supply management from a packaging perspective and a more
frequent call for erecting machines and packaging line automation.
However, major users
of corrugated worldwide have increasingly started examining alternatives and
substitutes for corrugated such as plastic crates, bulk bins and shrink-wrap
trays. But Khemka Containers has remained watchful, and they are confident that
the versatility, development potential and cost-effectiveness of corrugated
packaging will prevail, in particular as a one trip protective packaging
resource.
Convenient, eye catching and
environmentally sensitive packaging in one of the corner stones of successful
solutions in packaging to work. In the past Khemka Containers was seen as
manufacturers and suppliers of Brown Boxes. But times have changed dramatically
over the Past decade. The company works in close co-ordination with the
customers so as to provide then high and user quality as well on time delivery.
To keep up with environment safety Khemka Containers strongly advises its
customers to use Recyclable Corrugated Boxes.
On going investment in technology has
ensured that the company is able to maintain the strict quality control during
the manufacturing process. Khemka Containers has fully modernised
Automatic corrugated Box Plant, that ensures fast services with
international quality standard. .
Folded Cartons
Every day packaging plays a big part in
their environment. To accompany the constant development of this fast moving
sector, Khemka Containers provides a wide range of Duplex and micro Flute Boxes
tailoring to the specifications of their customers.
Where constrains are greater and
highlightining more keenly sought, they bring a greater added value to branded
goods with their creative and quality packaging. When the developments of
market are followed and the utmost done to satisfy them, whether in research,
product quality or technical assistance, a closer relationship is created
between supplier and customer Khemka Containers creates loyalty through
experience.
Today customers not only require
packaging but also packaging solutions. To constantly meet with the challenges
of rapidly changing environment, the demand is far more than mere mass
packages. The packages are to be top-rated cartons, which are creative
attention-getters that help to sell the product, provide abundant product
information, protect the product and facilitate filling, shipping and storage.
They not only constantly innovate new ideas to
help their customers but also use new technologies to both improve packages and
reduce costs. The packages are made in accordance to international standards
and the quality is assured for the shelf life of the product
Their customers have varied requirements and
they have the complete packaging solution for Food, Pharmaceuticals, Milk
Products, Beverages Kitchen Wares, Photo films, Confectioneries, Machine Parts,
General Goods and other specialty promotions and cater for both single unit as
well as wholesale.
In addition to Folded Box Board Cartons, they
offer exceptional service through their staff for technical support. They work
closely with their customer to ensure timely delivery of the right product
for the job. Their first priority is meeting the customer needs.
Their strength does not lie in the
manufacture of simple mass products but in the development and production of
visually, technically and functionally demanding packaging solutions.
To ensure high quality packaging,
attractive colors and timely delivery of products, it is all the more necessary
to be technically sound.
The number of colors is growing four colors plus
one, two or three special colors are becoming common. The enhancements demanded
are becoming more elaborate and can often only be achieved through combining
different printing processes.
To appertain such varied necessity they
use 4-color and 6-color sheet-fed offset machines.
The more valuable the contents, the
more elaborate are the packaging demands. Value is already suggested by the
quality of the packaging. The opportunities are in the use of more imaginative
use of colors and coatings. The packaging must appeal to all of the end-user's
senses in order to stimulate the buying desires.
Lined Cartons
Since its inception in 1983 Khemka
Containers have always diversified into new things coming up and garbing every
opportunity to provide its customers with qualitative products at the time
promised
So, speed quality and innovation had
always been the main ingredients to cater more and grow more. The very recent
development within the plant is manufacturing of lined cartons.
A state of art German Packaging Machine
is used to put the liner. Their customers are using the products for packaging
of goods that has been safeguarded from moisture and other climatic conditions.
Lined cartons are airtight packaging which saves the contents from vapour and
moisture. Thus it makes an ideal packaging solution for powders, liquids, semi
liquids and solids like tea, oil, grease and food grains.
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
records 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.44.12 |
|
UK Pound |
1 |
Rs.87.01 |
|
Euro |
1 |
Rs.57.45 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP
CAPITAL |
1~10 |
5 |
|
OPERATING
SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT
LINES |
1~10 |
6 |
|
--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 |
|
TOTAL |
|
43 |
This
score serves as a reference to assess SC’s credit risk and to set the amount of
credit to be extended. It is calculated from a composite of weighted scores
obtained from each of the major sections of this report. The assessed factors
and their relative weights (as indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING |
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 |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |