MIRA
INFORM REPORT
|
Report Date : |
31.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
PELICAN RUBBER LIMITED |
|
|
|
|
Registered Office
: |
15-1-560, Siddamber Bazar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.09.1994 |
|
|
|
|
Com. Reg. No.: |
01–018424 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999AP1994PLC018424 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDP00750B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP9200F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Automobile Butyl Rubber Tubes. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 980000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments. The company can be considered normal 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
15-1-560, Siddamber Bazar, |
|
Tel. No.: |
91-40-24605723/ 24743182 |
|
Fax No.: |
91-40-24605724 |
|
E-Mail : |
accounts@avontubes.com
|
|
Website : |
|
|
|
|
|
Factory : |
|
|
Tel. No.: |
91-40-24361770/ 24362232/ 24362799 |
|
Fax No.: |
91-40-24362601 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Shiv Shankar Agarwal |
|
Designation : |
Managing Director |
|
Address : |
15-1-560, Siddamber Bazar, |
|
Date of Birth/Age : |
03.02.1951 |
|
Date of Appointment : |
29.09.1994 |
|
DIN No.: |
00097932 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U17120AP1994PTC018427 |
AVON
TEXTILES PRIVATE LIMITED |
Managing
director |
29-09-94 |
29-09-94 |
Active |
NO |
|
2 |
U99999AP1994PLC018424 |
PELICAN
RUBBER LIMITED |
Managing
director |
01-04-08 |
29-09-94 |
Active |
NO |
|
Name : |
Mr. Shyam Sunder Agarwal |
|
Designation : |
Whole Time Director |
|
Address : |
15-1-560, Siddamber Bazar, |
|
Date of Birth/Age : |
17.04.1952 |
|
Date of Appointment : |
29.09.1994 |
|
DIN No.: |
00123369 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U18101AP1994PTC018425 |
PELICAN
HORIZON LOGISTICS PRIVATE LIMITED |
Managing
director |
29-09-94 |
29-09-94 |
Active |
NO |
|
2 |
U99999AP1994PLC018424 |
PELICAN
RUBBER LIMITED |
Whole-time
director |
01-04-08 |
29-09-94 |
Active |
NO |
|
Name : |
Mr. Anand Agarwal |
|
Designation : |
Whole Time Director |
|
Address : |
15-1-560, Siddamber Bazar, |
|
Date of Birth/Age : |
17.07.1971 |
|
Date of Appointment : |
29.09.1994 |
|
DIN No.: |
00123432 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U18101AP1994PTC018425 |
PELICAN
HORIZON LOGISTICS PRIVATE LIMITED |
Director |
29-09-94 |
29-09-94 |
Active |
NO |
|
2 |
U99999AP1994PLC018424 |
PELICAN
RUBBER LIMITED |
Whole-time
director |
01-04-08 |
29-09-94 |
Active |
NO |
|
3 |
U45200AP1998PTC030745 |
SWABHIMAN
BUILDERS PRIVATE LIMITED |
Director |
22-12-98 |
22-12-98 |
Active |
NO |
|
4 |
U45201AP2001PLC036381 |
SHRI
SHYAM BABA CONSTRUCTIONS LIMITED |
Director |
27-09-09 |
13-10-08 |
Active |
NO |
|
Name : |
Mr. Kapil Agarwal |
|
Designation : |
Director |
|
Address : |
15-1-560, Siddamber Bazar, |
|
Date of Birth/Age : |
31.07.1978 |
|
Date of Appointment : |
01.04.1997 |
|
DIN No.: |
00123477 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U99999AP1994PLC018424 |
PELICAN
RUBBER LIMITED |
Director |
01-04-97 |
01-04-97 |
Active |
NO |
|
2 |
U17120AP1994PTC018427 |
AVON
TEXTILES PRIVATE LIMITED |
Director |
01-12-98 |
01-12-98 |
Active |
NO |
|
3 |
U45201AP2001PLC036381 |
SHRI
SHYAM BABA CONSTRUCTIONS LIMITED |
Director |
12-03-01 |
12-03-01 |
Active |
NO |
|
4 |
U18101AP1994PTC018425 |
PELICAN
HORIZON LOGISTICS PRIVATE LIMITED |
Director |
30-09-08 |
18-02-08 |
Active |
NO |
|
Name : |
Mr. Sheetal Agarwal |
|
Designation : |
Director |
|
Address : |
15-1-560, Siddiamber Bazar, |
|
Date of Birth/Age : |
22.04.1975 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
01159436 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U17120AP1994PTC018427 |
AVON
TEXTILES PRIVATE LIMITED |
Director |
29-09-94 |
29-09-94 |
Active |
NO |
|
2 |
U45200AP2005PTC048454 |
PELICAN
INTERNATIONAL PRIVATE LIMITED |
Director |
24-12-05 |
24-12-05 |
Active |
NO |
|
3 |
U99999AP1994PLC018424 |
PELICAN
RUBBER LIMITED |
Director |
23-07-08 |
01-04-08 |
Active |
NO |
|
Name : |
Mr. Swathi Agarwal |
|
Designation : |
Director |
|
Address : |
15-1-560, Siddiamber Bazar, |
|
Date of Birth/Age : |
18.11.1982 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
01218363 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U45200AP2005PTC048454 |
PELICAN
INTERNATIONAL PRIVATE LIMITED |
Director |
15-12-05 |
15-12-05 |
Active |
NO |
|
2 |
U99999AP1994PLC018424 |
PELICAN
RUBBER LIMITED |
Director |
23-07-08 |
01-04-08 |
Active |
NO |
|
Name : |
Mr. Gopal Agarwal |
|
Designation : |
Whole Time Director |
|
Address : |
15-1-560, Siddamber Bazar, |
|
Date of Birth/Age : |
18.09.1971 |
|
Date of Appointment : |
29.09.1994 |
|
DIN No.: |
00123453 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U17120AP1994PTC018427 |
AVON
TEXTILES PRIVATE LIMITED |
Director |
29-09-94 |
29-09-94 |
Active |
NO |
|
2 |
U99999AP1994PLC018424 |
PELICAN
RUBBER LIMITED |
Whole-time
director |
01-04-08 |
29-09-94 |
Active |
NO |
|
3 |
U45201AP2001PLC036381 |
SHRI
SHYAM BABA CONSTRUCTIONS LIMITED |
Director |
27-09-09 |
13-10-08 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Shiv Shankar Agarwal |
1130700 |
|
Shyam Sunder Agarwal |
390450 |
|
Anand Agarwal |
349900 |
|
Gopal Agarwal |
407900 |
|
Santosh Agarwal |
140500 |
|
Gyarsbhai Agarwal |
163600 |
|
Sheetal Agarwal |
228400 |
|
Seema Agarwal |
186100 |
|
Ritu Agarwal |
900 |
|
Alka Agarwal |
17600 |
|
Shilpa Agarwal |
30500 |
|
Kapil Agarwal |
276000 |
|
Girish Agarwal |
180500 |
|
Shivraj Sanghi |
28100 |
|
Savitri Sanghi |
13000 |
|
Anil Kumar Sanghi |
23500 |
|
Sangeetra Sanghi |
12350 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Automobile Butyl Rubber Tubes. |
|
|
|
|
Products : |
Tubes v
Radial v
Bias Butyl Tubes for Two Wheelers v
Three Wheelers v
Passenger Cars v
Jeeps v
Light, Medium and Heavy Trucks v
Buses v
Agricultural and OTR Vehicles. Curing
Bags v Two/Three wheelers v Passenger v L.C.V v Trucks v
Tractors |
GENERAL INFORMATION
|
Bankers : |
State Bank of Hyderabad, Mahaboobgunj Branch, Landmark Centre,
Siddiamber Bazar, Hyderabad –500012, Andhra Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C Narayan Chartered Accountants |
|
Address : |
No. 13, 2nd Floor, Land Mark Centre, 15-2-417/F, Siddamber
Bazar, |
|
Tel. No.: |
91-40-24743928 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
50.000 |
45.000 |
40.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
195.199 |
173.187 |
152.657 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
245.199 |
218.187 |
192.657 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
328.790 |
232.718 |
236.741 |
|
|
2] Unsecured Loans |
45.220 |
44.475 |
41.773 |
|
|
TOTAL BORROWING |
374.010 |
277.193 |
278.514 |
|
|
DEFERRED TAX LIABILITIES |
26.681 |
25.339 |
23.844 |
|
|
|
|
|
|
|
|
TOTAL |
645.890 |
520.719 |
495.015 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
190.024 |
176.182 |
159.142 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
8.704 |
36.604 |
36.604 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
70.443
|
63.827 |
65.707
|
|
|
Sundry Debtors |
348.147
|
234.930 |
180.639
|
|
|
Cash & Bank Balances |
49.167
|
19.227 |
28.535
|
|
|
Other Current Assets |
0.393
|
0.330 |
0.365
|
|
|
Loans & Advances |
87.585
|
62.360 |
49.490
|
|
Total
Current Assets |
555.735
|
380.674 |
324.736 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
47.951
|
5.166 |
19.534 |
|
|
Other Current Liabilities |
60.297
|
67.294 |
4.435
|
|
|
Provisions |
0.325
|
0.281 |
1.498
|
|
Total
Current Liabilities |
108.573
|
72.741 |
25.467 |
|
|
Net Current Assets |
447.162
|
307.933 |
299.269
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
645.890 |
520.719 |
495.015 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
864.288 |
774.693 |
788.000 |
|
|
|
Other Income |
18.606 |
16.236 |
61.265 |
|
|
|
TOTAL (A) |
882.894 |
790.929 |
849.265 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
602.733 |
534.486 |
525.609 |
|
|
|
Manufacturing Expenses |
111.354 |
99.432 |
90.062 |
|
|
|
Administrative, Selling & Other Expenses |
74.390 |
71.877 |
72.706 |
|
|
|
Increased/(Decreased) in stock |
0.000 |
0.000 |
34.219 |
|
|
|
TOTAL (B) |
788.477 |
705.795 |
722.596 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
94.417 |
85.134 |
126.669 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
44.476 |
41.364 |
35.817 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
49.941 |
43.770 |
90.852 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
16.176 |
12.873 |
10.806 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
33.765 |
30.897 |
80.046 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
11.754 |
10.366 |
28.808 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
22.011 |
20.531 |
51.238 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
22.011 |
20.531 |
51.238 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.89 |
4.56 |
3.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.49
|
2.60 |
6.03
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.91
|
3.99 |
10.15
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.53
|
5.55 |
16.54
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.14 |
0.42
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.08
|
1.72 |
1.58
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.12
|
5.23 |
12.75
|
LOCAL AGENCY FURTHER INFORMATION
CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT
OF:
i)
LC issued (Material not received) Rs. 35.688
millions (Previous year Rs. 25.651 millions).
ii)
Bank Guarantees issued Rs. 11.139 millions
(Previous year 9.418 millions)
iii)
Guarantee provided to State Bank of Hyderabad on
behalf of Group Company M/s Pelican International Private Limited Rs. 57.500
millions (Previous year Rs. 57.500 millions)
iv)
Guarantee provided to State Bank of Hyderabad on
behalf of M/s Jyothi Pearls and Jewellers Rs. 2.900 millions (Rs. Previous year
2.900 millions)
FORM 8
|
Corporate
identity number of the company |
U99999AP1994PLC01842 |
|
Name of the
company |
PELICAN RUBBER PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
15-1-560, Siddamber Bazar, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Others |
|
Particular of
charge holder |
State Bank of Hyderabad, Mahaboob Gunj Branch, 1st Floor, Land Mark Centre, Siddiamber Bazar, Hyderabad-500012, Andhra Pradesh, India e-mail ID: accounts@avontubes.com |
|
Nature of
instrument creating charge |
Sanction Letter Supplemental Agreement
of Hypothecation of Goods An Assets For Increase In Overall Limit Letter Regarding The Grant of Individual
Limits Within The Overall Limit Dated 17.05.2011 |
|
Date of
instrument Creating the charge |
28.07.2011 |
|
Amount secured by
the charge |
Rs. 556.200
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As Per Sanction
Letter Dated 28.07.2011 Terms of repayment As Per Sanction
Letter Dated 28.07.2011 Margin As Per Sanction Letter
Dated 28.07.2011 Extent and operation of the charge Corporate
guarantee to Pelican International Private Limited Company. Personal
guarantee of the board of directors to Pelican International Private Limited
Company. |
|
Short particulars
of the property charged (Including location of the property) |
Corporate
guarantee to Pelican International Private Limited Company. Personal
guarantee of the board of directors to Pelican International Private Limited
Company. |
|
Charge
identification number of the charge to be modified |
90135781 |
|
Date of
instrument modifying the charge |
17.05.2011 |
|
Particulars of
the present modification |
The Existing
Limits - 466.200 millions, The Corporate Guarantee of Rs.50.000 millions Is Revised
Up to Rs.90.000 millions To Pelican International Private Limited. The Total Limits
Stands As Rs.556.200 millions |
FIXED ASSETS
·
Land
·
Factory Building
·
Plant and Machinery
·
Moulds
·
Testing Equipment
·
Pipe Line
·
Lab Equipment
·
Vehicles
·
Office Equipments
·
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UPS
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Air Conditioners
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Telephone Equipment
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Software
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 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. 53.26 |
|
|
1 |
Rs. 82.09 |
|
Euro |
1 |
Rs. 68.90 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.