MIRA
INFORM REPORT
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Report Date : |
05.09.2007 |
IDENTIFICATION DETAILS
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Name : |
PARLE PRODUCTS PRIVATE LIMITED |
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Registered Office : |
Nirlon House, 254-B, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
09.12.1950 |
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Com. Reg. No.: |
11-8334 |
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CIN No.: [Company
Identification No.] |
U15400MH1950PTC008334 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMP15062F MUMP00186E |
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PAN No.: [Permanent
Account No.] |
AAACP0486A |
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Legal Form : |
Private Limited Liability
Company |
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Line of Business : |
Manufacturing of Biscuits, Sugar
Confectionery and Chocolate Confectionery. |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 10801424 |
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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 well established
family owned company engaged in manufacturing and marketing of Biscuits,
Sugar Confectionery, Chocolate Confectionery, etc. The company’s products are
very popular in the market and it is one of the leading Biscuit manufacturing
companies in the country. Directors are well experienced and respectable
businessmen. Their trade relations are reported as fair. The company’s business is
progressing well. Payments are correct and as per commitments. The company
can be considered good for business dealings at usual trade terms and
conditions. |
LOCATIONS
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Registered Office : |
Nirlon House, 254-B, |
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Tel. No.: |
91-22-24931841 / 24921685 / 24951916
/ 24921692 / 24933089 / 24933630 |
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Fax No.: |
91-22-24933630/56916927 |
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E-Mail : |
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Website : |
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Corporate Office: |
VS Khandekar Marg, Vile Parle (
East), Mumbai – 400 057, |
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E-Mail: |
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Factory: |
Vile-Parle(E),
Fax – 91-22-5691 6927. Contact Person Mr.R.S.Nevatia
Parle Biscuits Pvt.
Ltd.
North Level Crossing, Tel. No. 91-22-26916911 to 14 Fax No. 91-22-26916927 Survey No. 120/2 & 118/2, Doddabidarakallu Village, Yeshwantpura, Hubli, Bangalore North, 15th K. M., Tumkur, N. H. No. 4, Bangalore – 560 073, Karnataka Tel. No. 91-80-28398825 / 28372807 Fax No. 91-80-28398800 / 28398825 |
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Regional Sales Offices (RSO) |
MUMBAI Parle Parle
Products Pvt. Ltd. BANGLORE Parle Products Pvt.
Ltd. KOLKATA Parle Products
Pvt.Ltd. |
Parle Products Pvt. Ltd.DIRECTORS
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Name : |
Mr. Vijay K. Chauhan |
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Designation : |
Chairman and Managing Director |
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Date of Birth/Age : |
26.12.1936 |
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Qualification : |
353, |
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Experience : |
41 years |
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Date of Appointment : |
31.05.1993 |
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Previous Employment |
Morgan Construction Company, |
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Name : |
Mr. Sharad P. Chauhan |
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Designation : |
Managing Director |
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Address: |
Purnima, |
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Date of Birth/Age : |
26.10.1944 |
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Qualification : |
B. S. – Massachussets Institute
of |
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Experience : |
36 years |
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Date of Appointment : |
31.05.1993 |
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Previous Employment |
O. G. Kelly & Company
(Engineer) |
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Name : |
Mr. R. K. Chauhan |
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Designation : |
Managing Director |
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Date of Birth/Age : |
22.09.1946 |
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Qualification : |
B. S. - Worcester Polytechnic
Institute, |
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Experience : |
33 years |
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Date of Appointment : |
31.05.1993 |
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Name : |
Mr. A. V. Chauhan |
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Designation : |
Executive Director |
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Address: |
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Date of Birth/Age : |
21.07.1965 |
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Qualification : |
B. S. - (Mech. Engg.) |
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Experience : |
14 years |
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Date of Appointment : |
12.07.1995 |
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Name : |
Mr. Arup S. Chauhan |
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Designation : |
Executive Director |
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Address : |
Purnima, |
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Date of Birth/Age : |
23.06.1975 |
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Date of Appointment : |
25.09.2002 |
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Name : |
Mr. Amol Sharad Chauhan |
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Designation : |
Additional Director |
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Address : |
Purnima S V road, Vile Parle (
West), Mumbai – 400 056, |
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Date of Birth/Age : |
26.06.1979 |
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Date of Appointment : |
05.07.2006 |
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Directorship in other
companies: |
CIN of Company:
U67120MH2003PTC141066 Name of the company: Mound
Securities Broking Company Limited Designation: Director |
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Partnership held in partnership
firm: |
Name of partnership firm:
Fitrite Packers Designation: Partners Address: Parle Products Private
Limited, Compound , V |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Sharad P. Chauhan Mrs. Asha Sharad Chauhan |
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8659 |
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Mr. Arup S. Chauhan |
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5276 |
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Mr. Samar |
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5276 |
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Mr. Amol S. Chauhan |
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5276 |
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Mrs. Asha S. Chauhan Mr. Sharad
Pitamber |
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1830 |
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Mr. Sharad P. Chauhan Mrs. Asha Sharad
Chauhan |
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2000 |
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Mr. Sharad Pitamber Chauhan, Mrs. Asha Pitamber
Chauhan, Mr. Raj Kantilal Chauhan |
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4978 |
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Mr. Pitamber Mohanlal, Mr. Sharad Pitamber Chauhan, Mrs. Madhuri Sharad Sheth |
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3332 |
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Mr. Pitamber Mohanlal, Mr. Sharad Pitamber Chauhan, Mrs. Madhuri
Sharad Sheth |
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3332 |
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Mr. Sharad Pitamber Chauhan, Mrs. Madhuri Sharad Sheth, Mr. Vijay Kantilal Chauhan |
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1800 |
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Mr. Sharad Pitamber Chauhan, Mrs. Madhuri
Sharad Sheth, Mr. Vijay Kantilal
Chauhan |
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1800 |
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Mr. Sharad Pitamber Chauhan, Mrs. Madhuri Sharad Sheth, Mr. Raj Kantilal Chauhan |
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2000 |
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Mr. Sharad Pitamber Chauhan, Mrs. Madhuri Sharad Sheth, Mr. Raj Kantilal
Chauhan |
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1900 |
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Mr. Sharad Pitamber Chauhan, Mrs. Madhuri
Sharad Sheth, Mr. Raj Kantilal
Chauhan |
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2000 |
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Mr. Sharad Pitamber Chauhan, Mr. Vijay Kantilal Chauhan, Mr. Raj Kantilal Chauhan, Mrs. Madhuri Sharad Sheth |
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1900 |
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Mr. Sharad Pitamber Chauhan, Mrs. Asha Sharad
Chauhan, Mr. Vijay Kantilal
Chauhan, Mrs Madhuri Sharad Sheth |
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4800 |
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Serene Charitable Foundation |
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5790 |
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Mrs. Vasant Narendra Dalal |
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954 |
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Mrs. Sheela Ashwin Chiniwalla |
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956 |
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Mr. Narottam Mohanlal, Mrs. Sheela Ashwin Chiniwalla, Mr. Vijay Kantilal Chauhan, Mr. Sharad Pitamber Chauuhan |
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10226 |
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Mr. Narottam Mohanlal, Mrs. Sheela Ashwin Chiniwalla, Mr. Vijay Kantilal Chauhan, Mr. Sharad Pitamber Chauuhan |
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10224 |
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Pentagon Charitable Foundation |
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39590 |
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Mrs. Nila Kantilal, Mr. Vijay Kantilal Chauhan, Mr. Raj Kantilal Chauhan |
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3524 |
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Mr. Vijay Kantilal Chauhan, Mrs. Shakuntala Vijay Chauhan |
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6404 |
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Mr. Raj Kantilal Chauhan, Mrs. Nina Raj Chauhan |
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9946 |
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Mrs. Shakuntala Vijay Chauhan, Mr. Vijay Kantilal Chauhan |
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4098 |
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Mrs. Nina Raj Chauhan |
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6584 |
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Miss Ulka Raj Chauhan |
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3054 |
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Miss Ambika R Chauhan by Guardians Mr. Raj Kantilal Chauhan Mrs. Nina Chauhan |
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3054 |
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Mr. Ajay Vijay Chauhan |
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3942 |
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Mrs. Sonal Yatin Kakodkar |
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3460 |
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Mrs. Amita Ajay Chauhan |
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354 |
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Mr. Raj Kantilal Chauhan, Mrs. Nina Raj Chauhan |
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1870 |
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Mr. Kantilal Mohanlal, Mr. Vijay Kantilal
Chauhan, Mr. Raj Kantilal Chauhan |
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3000 |
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Mr. Kantilal Mohanlal, Mr. Vijay Kantilal
Chauhan, Mr. Raj Kantilal Chauhan |
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2800 |
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Mr. Kantilal Mohanlal, Mr. Vijay Kantilal Chauhan, Mr. Raj Kantilal Chauhan |
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3000 |
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Mr. Kantilal Mohanlal, Mr. Vijay Kantilal Chauhan, Mr. Sharad Pitamber Chauhan |
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3000 |
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Mrs. Shakuntala Chauhan, Mr. Ajay Vijay Chauhan, Mr. Ajay Vijay Chauhan, Mr. Arup Chauhan |
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3460 |
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Mrs. Shakuntala Chauhan, Mr. Ajay Vijay
Chauhan, Mr. Arup Chauhan |
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400 |
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Mr. P K Khansaheb, Mrs. Mariamma Rajan Iyer |
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1 |
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Mohanlal Dayal Charitable Foundation |
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8250 |
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Total |
194100 |
Equity Share Break – up ( Percentage of Total Equity )
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Sr.
No. |
Category |
Percentage |
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1 |
Directors or relatives of Directors |
72.37 |
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2. |
Others top fifty (50) shareholders |
27.63 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Biscuits, Sugar
Confectionery and Chocolate Confectionery. |
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Products : |
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Exports : |
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Countries : |
Bahrain, Cameroon, Canada, Korea
Dem. Rep., Malta, Nepal, New Zealand, Saudi Arabia, Sierra, Leone, South
Africa, U.A.E. and U.S.A. |
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Imports : |
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Countries : |
Europe and |
PRODUCTION STATUS
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Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
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Processed Foods |
Metric Tonnes |
NA |
224.950 |
292237 |
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Printing Unit |
Metric Tonnes |
NA |
6790 |
2340 |
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Corrugated boxes |
Nos. in 000’s |
NA |
11250 |
3550 |
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Power generated from wind mills
(non conventional energy) |
KW / KWH |
7200 |
7200 |
12368442 |
GENERAL INFORMATION
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No. of Employees : |
1500 |
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Bankers : |
Ř
State Bank of Ř
State Bank of Ř
State Bank of Ř
Indian Overseas Bank Ř
Corporation Bank Ř
The United Western
Bank Limited Ř
Bank of Ř
The Bharat
Co-operative Bank Limited Ř
Standard Chartered
Grindlays Bank Limited Ř
The Vysya Bank
Limited Ř
United Bank of Ř
Punjab National Bank Ř
UTI Bank Limited Ř
Canara Bank Ř
Bank of |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
C. C. Chokshi and Company Chartered Accountants |
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Address : |
12, |
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Associates: |
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Subsidiaries: |
CIN of Company : U15412MH1974PLC017797
CIN of Company : U24240MH1975PTC018645
CIN of Company: U53100MH1985PTC035139
CIN of Company: U24100MH1998 PTC113414
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
372900 |
Equity Shares |
Rs.100/- each |
Rs. 37.290 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
194100 |
Equity Shares |
Rs.100/-
each |
Rs.19.410
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
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 |
19.410 |
19.410 |
19.410 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2680.946 |
2433.050 |
1978.814 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2700.356 |
2452.460 |
1998.224 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
68.932 |
68.932 |
68.932 |
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TOTAL BORROWING |
68.932 |
68.932 |
68.932 |
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DEFERRED TAX LIABILITIES |
72.730 |
95.477 |
98.836 |
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TOTAL |
2842.018 |
2616.869 |
2165.992 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1087.667 |
1252.772 |
1402.004 |
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Capital work-in-progress |
136.659 |
28.797 |
33.616 |
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INVESTMENT |
1304.394 |
722.463 |
482.105 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
648.372
|
567.596
|
526.721 |
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Sundry Debtors |
88.827
|
138.456
|
151.903 |
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Cash & Bank Balances |
326.422
|
147.479
|
100.589 |
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Other Current Assets |
22.833
|
13.319
|
13.334 |
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Loans & Advances |
673.593
|
662.230
|
1543.083 |
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Total
Current Assets |
1760.047
|
1529.080 |
2816.574
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
1387.516
|
855.270
|
1063.424 |
|
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Provisions |
59.233
|
60.973
|
1023.940 |
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Total
Current Liabilities |
1446.749
|
916.243 |
2087.364 |
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Net Current Assets |
313.298
|
612.837 |
248.266 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
2842.018 |
2616.869 |
2165.991 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
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Sales Turnover |
|
10326.670 |
8003.715 |
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Other Income |
|
2593.820 |
222.288 |
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Total Income |
|
12920.490 |
8226.003 |
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Profit/(Loss) Before Tax |
|
918.440 |
202.594 |
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Provision for Taxation |
|
315.792 |
71.230 |
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Profit/(Loss) After Tax |
|
602.648 |
131.364 |
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Earnings in Foreign Currency : |
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Finished Goods |
|
230.064 |
141.303 |
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Raw Materials |
|
0.110 |
0.000 |
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Total Earnings |
|
230.174 |
141.303 |
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Imports : |
|
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|
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Raw Materials |
|
114.038 |
122.259 |
|
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Stores & Spares |
|
0.142 |
1.804 |
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Capital Goods |
|
1.323 |
4.073 |
|
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Packing Material |
|
5.072 |
3.921 |
|
Total Imports |
|
120.575 |
132.057 |
|
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Expenditures : |
|
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Purchase of Finished goods |
|
68.769 |
1.809 |
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Manufacturing and other expenses |
|
9578.113 |
8115.152 |
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|
Excise Duty |
|
20.916 |
10.307 |
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Depreciation |
|
230.602 |
191.677 |
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Interest on bank overdraft, security etc. |
|
2.326 |
2.871 |
|
Total Expenditure |
|
9900.726 |
8321.816 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
0.00
|
4.66 |
1.59 |
|
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Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
8.89 |
2.53 |
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.00
|
32.67 |
4.27 |
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.37 |
0.10 |
|
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|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
0.56
|
0.40 |
1.07 |
|
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|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21
|
1.66 |
1.34 |
LOCAL AGENCY FURTHER INFORMATION
Fixed Assets:
- Goodwill
- Trademarks
- Computer
Software
- Buildings
- Plant and
Machinery
- Furniture’s
and Fixtures
- Office
Equipments
- Vehicles
- Patent Rights
|
Name of the
company |
PARLE PRODUCTS LIMITED |
|
Presented
By |
Corporation
Bank, Industrial Finance Branch, Fort, |
|
1) Date and
description of instrument creating the change |
|
|
2) Amount secured
by the charge/amount owing on the securities of charge |
Rs.17.500
millions |
|
3) Short particular
of the property charged. If the property acquired is subject to charge, date
of the acquired of the property should be given |
For acquisition
of capital equipments as given below: 1) One 100 KW
Proctor Strayfield Flameless Furnace comprising of:
2) Essential
spares for the above described machineries The above
machineries to be supplied by M/s Proctor Strayfield limited, |
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
1) Interest @2% over and ab0ove the RBI rate subject to the minimum of
14 % p.a. or at such rate that the bank may determine to charge from time to
time. 2) Penal Interest @ 2% p.a. 3) To be release in stages the
loan may be released for retiring the import documents for supply of the machinery under L/C established for
he purpose buy Vysya Bank Limited 4) Repayment in 12 quarterly instalments from March, 1995. |
|
5) Name and
Address and description of the person entitled to the charge. |
Corporation Bank, Industrial Finance Branch, Bharat House, Ground
Floor, No-104, B S Marg, Bombay – 400 001 |
AS PER WEBSITE:
Awards - Monde Selection
The Brand Strength
The Quality Commitment
The Quality Policy
The Marketing Strength
The Customer Confidence
Introduction
A long time ago, when the British ruled
A decade later, in 1939, Parle Products began manufacturing biscuits, in
addition to sweets and toffees. Having already established a reputation for
quality, the Parle brand name grew in strength with this diversification. Parle
Glucose and Parle
How Parle fought to make biscuits
affordable to all.
Biscuits were very much a luxury food in
However, during the Second World War, all domestic biscuit production was
diverted to assist the Indian soldiers in
Thankfully today, there's no dearth of ingredients and the demand for more premium
brands is on the rise. That's why, we now have a wide range of biscuits and
mouthwatering confectionaries to offer.
The strength of the Parle Brand
Over the years, Parle has grown to become a multi-million US Dollar company.
Many of the Parle products - biscuits or confectionaries, are market leaders in
their category and have won acclaim at the Monde Selection, since 1971.
Today, Parle enjoys a 40% share of the total biscuit market and a 15% share of
the total confectionary market, in
Be it a big city or a remote
In this way, by concentrating on consumer tastes and preferences and
emphasizing Research and Development, the Parle brand grows from strength to
strength.
Parle Products has one factory at Mumbai that manufactures biscuits and confectioneries
while another factory at Bahadurgarh, in Haryana manufactures biscuits. Apart
from this, Parle has manufacturing facilities at Neemrana, in Rajasthan and at
All these factories are located at strategic locations, so as to ensure a constant
output and easy distribution. Each factory has state-of-the-art machinery with
automatic printing and packaging facilities.
All Parle products are manufactured under the most hygienic
conditions. Great care is exercised in the selection and quality control of raw
materials, packaging materials and rigid quality standards are ensured at every
stage of the manufacturing process. Every batch of biscuits and confectioneries
are thoroughly checked by expert staff, using the most modern equipment.
The extensive distribution network, built over the years, is
a major strength for Parle Products. Parle biscuits and sweets are available to
consumers, even in the most remote places and in the smallest of villages with
a population of just 500.
Parle has nearly 1,500 wholesalers, catering to 4,25,000 retail outlets
directly or indirectly. A two hundred strong dedicated field force services
these wholesalers and retailers. Additionally, there are 31 depots and CandF
agents supplying goods to the wide distribution network.
The Parle marketing philosophy emphasizes catering to the masses. They
constantly endeavour at designing products that provide nutrition and fun to
the common man. Most Parle offerings are in the low and mid-range price
segments. This is based on the cultivated understanding of the Indian consumer
psyche. The value-for-money positioning helps generate large sales volumes for
the products.
However, Parle Products also manufactures a variety of premium products for the
up-market, urban consumers. And in this way, caters a range of products to a
variety of consumers.
The Parle name conjures up fond memories across the length
and breadth of the country. After all, since 1929, the people of
Today, the Parle brands have found their way into the hearts and homes of
people all over
The consumer is the focus of all activities at Parle. Maximizing value to
consumers and forging enduring customer relationships are the core endeavours
at Parle.
The efforts are driven towards maximising customer satisfaction and this is in
synergy with the quality pledge. "Parle Products Limited will strive to
provide consistently nutritious and quality food products to meet consumers' satisfaction
by using quality materials and by adopting appropriate processes. To facilitate
the above they will strive to continuously train the employees and to provide
them an open and participative environment."
Kismi
Bart
Fun
Ventre
Mango
Bite
Hide
and Seek
Melody
Magix
Jeffs
Krackjack
Orange
Candy
Marie
Choice
Poppins
Rol-a-Cola
Parle-G
Sixer
Toffees
Milk
Shakti
Nimkin
Parle
Cream
TRADE REFERENCES:
Ř
Acusharp Knives
Ř
Avcon Controls pri
Ř
Dynaspede Integrated
Systems Limited
Ř
Mayur Plastics &
Polygraphics
Ř
Modern Packaging
Company
Ř
Modern Paper
Convertors
Ř
Sahyadri Starch
Ř
Super Textile
Industries
Ř
Vasumati Printers
Ř
Venture Packaging
Ř
Vivira Chemicals
Industries
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.40.71 |
|
|
1 |
Rs.82.26 |
|
Euro |
1 |
Rs.55.66 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
YES |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
72 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|