1. Summary Information
|
|
|
Country |
|
|
Company Name |
GKB RX LENS PRIVATE LIMITED |
Principal Name 1 |
Mr. Brijendra
Kumar Gupta - Director |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sanjiv Kumar
Gupta - Director |
|
|
|
Registration # |
21-39759 |
|
Street Address |
P-4, Kasba Industrial Estate, Phase 1, Kolkata – 700107, West |
||
|
Established Date |
22.11.1985 |
SIC Code |
-- |
|
Telephone# |
91-33 -24424354 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-33-24424940/24422862 |
Business Style 2 |
glass-plastic polycarbonate opthalmic lenses |
|
Homepage |
Product Name 1 |
Ophthalmic Lens |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
57,290,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies
corporate 76.00%, Directors or relatives of directors 24.00% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
25 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Fellow
Subsidiary |
|
Optical Supply of |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2009 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
550,826,000 |
Current Liabilities |
420,056,000 |
|
Inventories |
647,511,000 |
Long-term Liabilities |
47,950,000 |
|
Fixed Assets |
495,032,000 |
Other Liabilities |
67,984,000 |
|
Deferred Assets |
000 |
Total Liabilities |
535,990,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
1,100,089,000 |
|
|
|
Net Worth |
1,157,379,000 |
|
Total Assets |
1,693,369,000 |
Total Liab. & Equity |
1,693,369,000 |
|
Total Assets (Previous Year) |
1,230,382,000 |
|
|
|
P/L Statement as of |
31.12.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
1,802,112,000 |
Net Profit |
248,470,000 |
|
Sales(Previous yr) |
1,310,817,000 |
Net Profit(Prev.yr) |
208,678,000 |
MIRA
INFORM REPORT
|
Report Date : |
23.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
GKB RX LENS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
P-4, Kasba Industrial Estate, Phase 1, Kolkata-700107, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
22.11.1985 |
|
|
|
|
Com. Reg. No.: |
21-39759 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U33201WB1985PTC039759 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CALG01386A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of glass-plastic-polycarbonate opthalmic
lenses (multicoated an |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. General
financial positions is good. Trade relations are reported as fair. Business is
active. Payments are reported to be regular 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
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 : |
P-4, Kasba Industrial Estate, Phase 1, Kolkata – 700107, West |
|
Tel. No.: |
91-33-24424354/24424355/24424356 |
|
Fax No.: |
91-33-24424940/24422862 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
18000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory /
Warehouse : |
100% EOU, P-9, Kasba Industrial Estate, Kasba,
Kolkata-700028, West P-1, Kasba Industrial Estate, Phase I, Kolkata-700078, |
|
|
|
|
Showroom : |
GKB Opticals 14/8A Ph: 91-33-24408400/4907 Fax:
91-33-24424940 GKB Opticals Ph:
91-33-24654407/08/09 GKB Opticals BE-4, Ph:
91-33-23586174 GKB Optical Centre at Big Bazaar Parvati Vihar,
Teghoria, Kolkata - 700059, West Ph:
91-33-25704015/85 GKB Sunglass Counter at Landmark Emami Shopper's
City, 3, GKB Optical Services At Sankara
Nethralaya, Ph:
91-44-28227569 GKB Opticals 61, Third Main
Road, Kasturba Nagar, Adyar, Chennai -600020, GKB Sunglass Counter at Landmark GKB Opticals Ph: 91-80-25591511/5320711 Fax: 91-80-23383191 GKB
Optical Centre at Big Bazaar Ph: 91-80-25520889 Ext 127 GKB
Optical Services at Netradham 818,13th |
|
|
|
|
Branches : |
45/1B, Gubanna Industrial Block, Rajaji Nagar, Tel. 91-80-23306039/4365 Fax. 91-80-23383191 Chennai Branch, 143/3, Broadway, 2nd Floor, Tel. 91-44-25363620/25387654 Fax. 91-44-25361598 Tel. 91-484-2380940 Fax. 91-484-2380940 Tel. 91-40-24757916/17 Fax. 91-40-24757916 M-1, Kundan House, 16, Tel. 91-11-26449780 Fax. 91-11-26486661 A-15, Info City Sector 34, Gurgaon-122001, Haryana, India |
DIRECTORS
As on 25.06.2010
|
Name : |
Mr. Brijendra
Kumar Gupta |
|
Designation : |
Director |
|
Address : |
7/1A, Sunny Park,
Block – 8, Kolkata – 700019, West |
|
Date of Birth/Age : |
21.05.1940 |
|
Date of Appointment : |
29.09.2006 |
|
|
|
|
Name : |
Mr. Sanjiv Kumar Gupta |
|
Designation : |
Director |
|
Address : |
7/1A, Sunny Park,
Block – 8, Kolkata – 700019, West |
|
Date of Birth/Age : |
05.04.1964 |
|
Date of Appointment : |
29.09.2006 |
|
|
|
|
Name : |
Mr. Lalit Gupta |
|
Designation : |
Director |
|
Address : |
7/1A, Sunny Park,
Block – 8, Kolkata – 700019, West |
|
Date of Birth/Age : |
19.10.1967 |
|
Date of Appointment : |
29.09.2006 |
|
|
|
|
Name : |
Mr. Shiv Kumar Janardhanan |
|
Designation : |
Director |
|
Address : |
C – 303, 3rd Floor, Cassia, Block Brigade Millenium, |
|
Date of Birth/Age : |
21.07.1966 |
|
Date of Appointment : |
30.06.2007 |
|
|
|
|
Name : |
Mr. Pradeep Narayan |
|
Designation : |
Director |
|
Address : |
C/O, Malini Krishnamurthy, IPS, C/O Commandant I Battalion, KSRP, |
|
Date of Birth/Age : |
14.09.1964 |
|
Date of Appointment : |
30.06.2007 |
|
Date of Ceasing : |
25.11.2009 |
|
|
|
|
Name : |
Mr. Anil Shankar |
|
Designation : |
Director |
|
Address : |
2 GR, Grand Residency, |
|
Date of Birth/Age : |
07.05.1965 |
|
Date of Appointment : |
30.06.2007 |
|
|
|
|
Name : |
Mr. Paul Horace Valerie Marie De Lasteyrie Du Saillant De Comborn |
|
Designation : |
Director |
|
Address : |
14/D, Avenue Des Eglantiers, Bruxelles-1180, Belgique |
|
Date of Birth/Age : |
18.02.1959 |
|
Date of Appointment : |
25.06.2010 |
KEY EXECUTIVES
|
Name : |
Mr. Navin Jhawar |
|
Designation : |
Secretary |
|
Address : |
Vivek Vihar, Block – C, Flat – 702, 493/ C/ A, |
|
Date of Birth/Age : |
22.12.1982 |
|
Date of Appointment : |
19.04.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.06.2010
|
Names of Shareholders |
|
No. of Shares |
|
Essilor India Private Limited, |
|
435404 |
|
Brijendra Kumar Gupta |
|
44339 |
|
Lalit Kumar Gupta |
|
41249 |
|
Sanjiv Kumar Gupta |
|
41249 |
|
Uma Gupta |
|
6597 |
|
B K Gupta and Sons (HUF) |
|
4062 |
|
|
|
|
|
Total |
|
572900 |
As on 25.06.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
76.00 |
|
Directors
or relatives of directors |
|
24.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of glass-plastic-polycarbonate opthalmic lenses
(multicoated an |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.12.2009)
|
Particulars |
Installed
Capacity |
Actual
Production |
|
Processed Lens |
5356786 |
4909530 |
GENERAL INFORMATION
|
Bankers : |
State Bank of India, Industrial Finance Branch, 11, Dr. U.N.
Brahmachari Street, Kolkata-700017, West Bengal, India |
|||||||||||||||
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|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kalyaniwalla and Mistry Chartered Accountant |
|
Address : |
Kalpataru Heritage, 127, |
|
|
|
|
Holding Company: |
Essllor India Private Limited (U51394KA1998PTC023723) |
|
|
|
|
Ultimate Holding Company: |
Essllor International SA |
|
|
|
|
Fellow Subsidiaries: |
|
CAPITAL STRUCTURE
As on 25.06.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
600000 |
Equity Shares |
Rs.100/- each |
Rs.60.000 Millions |
|
2000 |
Preferences Shares |
Rs.100/- each |
Rs.0.200 Millions |
|
|
Total |
|
Rs.60.200
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
572900 |
Equity Shares |
Rs.100/- each |
Rs.57.290
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2009 |
31.12.2008 |
31.12.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
57.290 |
54.230 |
49.300 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1100.089 |
718.084 |
432.023 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1157.379 |
772.314 |
481.323 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
47.950 |
93.468 |
124.260 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
47.950 |
93.468 |
124.260 |
|
|
DEFERRED TAX LIABILITIES |
17.303 |
16.128 |
12.534 |
|
|
|
|
|
|
|
|
TOTAL |
1222.632 |
881.910 |
618.117 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
495.032 |
335.835 |
334.999 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
647.511
|
446.212
|
220.429 |
|
|
Sundry Debtors |
402.915
|
338.594
|
312.026 |
|
|
Cash & Bank Balances |
120.313
|
86.424
|
55.040 |
|
|
Other Current Assets |
1.769
|
1.553
|
1.924 |
|
|
Loans & Advances |
25.829
|
21.764
|
26.517 |
|
Total
Current Assets |
1198.337
|
894.547
|
615.936 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
337.536
|
237.063 |
|
|
|
Other Current Liabilities |
82.520
|
49.346
|
304.895 |
|
|
Provisions |
50.681
|
62.063
|
27.922 |
|
Total
Current Liabilities |
470.737
|
348.472
|
332.817 |
|
|
Net Current Assets |
727.600
|
546.075
|
283.119 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1222.632 |
881.910 |
618.117 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2009 |
31.12.2008 |
31.12.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1802.112 |
1310.817 |
978.981 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1405.110 |
962.552 |
851.072 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
397.002 |
348.265 |
127.909 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
18.230 |
16.023 |
18.312 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
378.772 |
332.242 |
109.597 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
130.302 |
123.564 |
56.666 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
248.470 |
208.678 |
52.931 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
230.209 |
49.720 |
12.824 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
19.000 |
15.500 |
4.500 |
|
|
|
Dividend |
11.458 |
10.846 |
9.860 |
|
|
|
Tax on Dividend |
1.947 |
1.843 |
1.675 |
|
|
BALANCE CARRIED
TO THE B/S |
446.274 |
230.209 |
49.720 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
985.449 |
705.756 |
514.170 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
636.461 |
581.457 |
371.496 |
|
|
|
Stores & Spares |
115.213 |
67.676 |
47.320 |
|
|
|
Capital Goods |
175.884 |
33.377 |
51.215 |
|
|
TOTAL IMPORTS |
927.558 |
682.510 |
470.031 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
437.74 |
394.53 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2009 |
31.12.2008 |
31.12.2007 |
|
PAT / Total Income |
(%) |
13.79
|
15.92 |
5.41 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.37
|
27.00 |
11.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.43 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.45
|
0.57 |
0.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.55
|
2.57 |
1.85 |
LOCAL AGENCY FURTHER INFORMATION
Background:
GKB RX Lens Private Limited was incorporated in 1985 in Kolkata. The
company started its production of ophthalmic lenses in June 1987. The concept
of prescription lenses was brought to
Business Performance and Plans:
The Year 2009 was a year of growth in terms of
expanding its presence across the country. The Company retained its focus by
concentrating and growing in the domestic front. The Company achieved
significant growth in export sale, during the year 2009. In order to expand its
reach, the Company has taken steps by enhancing it capacity.
The Company has established its second Export
oriented unit at Gurgaon which has become operational and the same will help
the Company to increase the export business and give faster service to its
valuable export customers.
The company continued with its focus into new
areas in
The results for the year 2009, reflects the
Company’s continued vigilance and control over working capital and operation
expenses. The profit from operations has also shown a satisfactory growth.
They are confident that the Company, with the
help of its very competent team of professional managers, will be able to
achieve commendable progress in these areas during the next financial year.
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80059727 |
|
Corporate
identity number of the company |
U33201WB1985PTC039759 |
|
Name of the
company |
GKB RX LENS PVT
LTD |
|
Address of the
registered office or of the principal place of business in |
P-4, Kasba Industrial Estate, Phase 1, Kolkata – 700107, West |
|
Type of charge |
Immovable
Property |
|
Particular of charge
holder |
State Bank of India, Industrial Finance Branch, 11, Dr. U.N.
Brahmachari Street, Kolkata-700017, West Bengal, India |
|
Email |
|
|
Nature of description
of the instrument creating or modifying the charge |
Memorandum of
Deposit for Creation of Further Charge for Term Loan / Overall Limit where
the Initial Charge is Created by way of Mortgage by Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
03.05.2010 |
|
Amount secured by
the charge |
Rs.190.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Different rates
for different facilities Terms of Repayment
The borrowings
are repayable on demand. There is no Term
Loan in the Credit Facility and as such no terms of repayment are stated. The
loan is for Working Capital only which is repayable on demand according to
Banking norms. Margin Raw Materials
(Domestic) : 25%, Finished Goods :
25%, Book Debts (Cover
90 days) : 25%, Letters of
Credit: 10%. However, the Bank may increase the same up to 100% at its
discretion, and Bank Gurantees:
25%. However, the Bank may increase the same up to 100% at its discretion. Extent and
Operation of the charge First Charge on
the whole of the mortgaged properties as a continuing security. |
|
Short particulars
of the property charged |
I)
1)
All those piece and parcel of land thereon or on part thereof in the Industrial
Estate having an area about 5 cottah being P-4, and being part of Kasba
Industrial Estate (P-419), Phase - I, within II)
The
Calcutta Municipal Corporation area, P.S. : Tiljala, P.O. : Haltu, District :
III)
Deed
No.I-461 (P-419). Book No.I, Volume No.29, Page No.474-488, Being No.461 for
the year 1994. IV)
2)
All those piece and parcel of land thereon or on part thereof in the
Industrial Estate having an area about 3 cottah being P-9, and being part of
Kasba Industrial Estate (P-8236), Phase - I, within V)
The
Calcutta Municipal Corporation area, P.S.: Tiljala, P.O. : Haltu, District - VI)
Deed
No.I-7328 (P-8236). Book No.I, Volume No.127, Page No.406-419, Being No.7328
for the year 1993. VII)
Together
with all assets permanently fixed to the lands and buildings and plant and
machinery appertaining or affixed thereto. VIII)
Located
at : IX)
1)
P-4, Kasba Industrial Estate (P-419), Phase - I, P.S.: Tiljala, P.O.: Haltu,
District: X)
2)
P-9, Kasba Industrial Estate (P-8236), Phase - I, P.S.: Tiljala, P.O.: Haltu,
District - |
|
Date of latest
modification prior to the present modification |
30.07.2006 |
|
Particulars of
the present modification |
By this
modification, the Overall Limit is reduced from Rs.462.500 millions to
Rs.190.500 millions Particulars of Immovable Properties and all other terms and
conditions continue to remain as before in full force and effect. |
Fixed Assets
v
v Factory Buildings
v Plant and Machinery
v Furniture and Fittings
v Office Equipments
v Motor Vehicles
v Computer
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.45.20 |
|
|
1 |
Rs.73.07 |
|
Euro |
1 |
Rs.61.41 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.