MIRA
INFORM REPORT
|
Report Date : |
17.02.2011 |
Note:
Reynaers is Belgium Registered company in the name of Reynaers Aluminium
N.V.. It has got its Liasion office in Pune.
IDENTIFICATION DETAILS
|
Name : |
REYNAERS ALUMINIUM N.V. |
|
|
|
|
Liasion Office : |
302, Survey No.2/9 and 2/5-A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2009 ( |
|
|
|
|
Date of
Incorporation : |
16.07.2007 |
|
|
|
|
FCRN : |
F03321 |
|
|
|
|
Legal Form : |
Foreign Registered Company |
|
|
|
|
Line of Business
: |
Manufacturer of Aluminium Systems. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
-- |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a Liasion office of company registered in 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 |
INFORMATION PARTED BY (Partial Details)
|
Name : |
Mr. Ajay Tenany |
|
Designation : |
Country Manager |
|
Contact No.: |
91-9960488850 |
|
Date : |
15.02.2011 |
LOCATIONS
|
Liasion Office : |
302, Survey No.2/9 and 2/5-A, |
|
Tel. No.: |
91-20-65002722 |
|
Mobile No.: |
91-9960488850 (Mr. Ajay Tenany) |
|
E-Mail : |
|
|
|
|
|
Registered Office : |
Oude Liersebaan 266, B-2570, |
|
Tel. No.: |
+32 (0)15 30 85 00 |
|
Fax No.: |
+32 (0)15 30 86 00 |
|
E-Mail : |
DIRECTORS
|
Name : |
Mrs. Martin Rayners |
|
Designation : |
Director |
|
|
|
|
Name : |
|
|
Designation : |
Director (20/06/2007 - 20/06/2010) |
|
Address : |
Zoerselhofdreef 40, 2980 |
|
|
|
|
Name : |
Ivo Van Vaerenbergh |
|
Designation : |
Director |
|
Address : |
Zoerselhofdreef 40, 2980 |
|
|
|
|
Name : |
Karin Reijnaers |
|
Designation : |
Director (20/06/2007 - 20/06/2010) |
|
Address : |
Mijlstraat 317, 2570 |
|
|
|
|
Name : |
Skylar BVBA |
|
Designation : |
Director (20/06/2007 - 20/06/2010) |
|
Address : |
Van Putlei 13, 2018 |
|
|
|
|
Name : |
Jan Reijnaers |
|
Designation : |
Director |
|
Address : |
Van Putlei 13, 2018 |
|
|
|
|
Name : |
Jean-Luc Deleersnyder |
|
Designation : |
Director (17/06/2009 - 17/06/2012) |
|
Address : |
Meerskant 27, 9280 |
|
|
|
|
Name : |
Dever Beheer BVBA |
|
Designation : |
Director (18/06/2008 - 18/06/2011) |
|
Address : |
Lindenlaan 32, 8310 |
|
|
|
|
Name : |
Chris Depreeuw |
|
Designation : |
Director |
|
Address : |
Lindenlaan 32, 8310 |
|
|
|
|
Name : |
Eric Van Zele |
|
Designation : |
Director (18/06/2008 - 18/06/2011) |
|
Address : |
Hertenlaan 9, 1560 |
|
|
|
|
Name : |
Martine Reijnaers |
|
Designation : |
Managing Director (20/06/2007 - 20/06/2010)
|
|
Address : |
Van Der Lindenplein 31, 2570 |
|
|
|
|
Name : |
Eenbeek BVBA |
|
Designation : |
Director (18/06/2008 - 18/06/2011) |
|
Address : |
Eenbeekstraat 5, 9070 |
|
|
|
|
Name : |
Werner Krott |
|
Designation : |
Director |
|
Address : |
Eenbeekstraat 5, 9070 |
|
|
|
|
Name : |
Jocsre BVBA |
|
Designation : |
Director (17/06/2009 - 17/06/2012) |
|
Address : |
Misstraat 128, 2500 Lier, |
|
|
|
|
Name : |
Denise Reijnaers |
|
Designation : |
Director |
|
Address : |
Misstraat 128, 2500 Lier, |
|
|
|
|
Name : |
Amarone BVBA |
|
Designation : |
Director (17/06/2009 - 17/06/2012) |
|
Address : |
De Dreef Van Duyvendael 5, 2970 |
|
|
|
|
Name : |
Mr. Annik Reijnaers |
|
Designation : |
Director |
|
Address : |
De dreef van, Duyvendael 5, 2970’ s Gravenwezel (Schilde) |
KEY EXECUTIVES
|
Name : |
Mr. Ajay Tenany |
|
Designation : |
Country Manager |
|
|
|
|
Name : |
Mr. Badal Bharat Shah |
|
Designation : |
Country Manager |
|
Address : |
301, Golden Enclave, Plot No. 36, Survey No. 585, Darshani Ganpati
Chowk, Lodha CR, Salisbury Park, Pune – 411 037, Maharashtra |
|
Date of Birth/Age : |
19.04.1980 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Aluminium Systems. |
|
|
|
GENERAL INFORMATION
|
Bankers : |
Not Available |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
CVBA Nr.: BE 0429.053.863 Membership nr.: IBR025 Auditor (20/06/2007 - 20/06/2010) |
|
Address : |
Berkenlaan 8 box b, 1831 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
BALANCE SHEET
(REYNAERS
ALUMINIUM N.V. –
|
Liabilities |
31.12.2009 |
Assets |
31.12.2009 |
||
|
Current
Liabilities |
|
|
Fixed Assets |
|
|
|
Sundry Creditors- Ashok Travels |
0.009 |
|
Air Conditioner |
0.050 |
|
|
Sundry Creditors- Levare Consultants |
0.064 |
|
Less: Depreciation @ 15% |
(0.004) |
0.046 |
|
Salary Payable- Abhishek |
0.024 |
|
Hard Disk |
0.005 |
|
|
Salary Payable- Ajay |
0.141 |
|
Less: Depreciation @ 60% |
(0.002) |
0.003 |
|
Salary Payable- Shihab |
0.048 |
|
|
0.023 |
|
|
Salary Payable- Snehal |
0.025 |
0.311 |
Less Depreciation @ 15% |
(0.003) |
0.020 |
|
|
|
|
Ups |
0.017 |
|
|
Branch /
Divisions |
|
|
Less: Depreciation 15% |
(0.001) |
0.016 |
|
Reynaers Aluminium NV - HO |
|
|
Current Assets |
|
|
|
Opening Balance |
0.655 |
|
Mobile Deposit |
0.002 |
|
|
Add: Receipts |
6.267 |
|
Deposit with Abhikalpan |
0.308 |
|
|
Less: Revenue Expenses incurred |
(5.915) |
1.007 |
Bank Accounts |
0.923 |
|
|
|
|
|
Ajay Tenany - Interest A/c |
-- |
1.233 |
|
|
|
|
|
|
|
|
Total |
|
1.318 |
Total |
|
1.318 |
Receipt
and Payment Account for the period 01.01.2009 to 31.12.2009
|
Particulars |
31.12.2009 |
|
Opening Balance |
0.636 |
|
|
|
|
Receipts |
|
|
Transfer from Reynaers Aluminium N V |
6.267 |
|
|
|
|
TOTAL |
6.267 |
|
|
|
|
Payments |
|
|
Advertisement & Exhibition Expenses |
0.702 |
|
Brokerage |
0.055 |
|
Car Rentals |
0.276 |
|
Conveyance |
0.044 |
|
Electricity Expenses |
0.026 |
|
Fringe Benefit Tax |
0.037 |
|
Interest on Tax |
0.003 |
|
Internet |
0.035 |
|
Moving Expenses |
0.008 |
|
Office Rent |
0.468 |
|
Postage and courier |
0.027 |
|
Printing and stationery |
0.028 |
|
Profession Tax |
0.007 |
|
Professional Fees |
0.117 |
|
Registration Charges |
0.010 |
|
Repairs & Maintenance |
0.157 |
|
Repairs & Maintenance - Vehicles |
0.004 |
|
Salary to A Kale |
0.257 |
|
Salary to |
0.684 |
|
Salary to |
0.256 |
|
Salary to A Tenany |
1.899 |
|
Staff Welfare Expenses |
0.031 |
|
Telephone Expenses |
0.043 |
|
Traveling Expenses |
0.372 |
|
Traveling Expenses - International |
0.059 |
|
|
|
|
Capital Assets |
|
|
Air Conditioners |
0.050 |
|
UPS |
0.017 |
|
|
|
|
Deposits |
|
|
Office Deposit |
0.308 |
|
TOTAL |
5.980 |
|
|
|
|
Closing Bank
Balance |
0.923 |
LOCAL AGENCY FURTHER INFORMATION
CONSOLIDATED BALANCE SHEET AFTER APPROPRIATION*
ANNUAL ACCOUNTS IN EUROS (2 decimals)
|
Particulars |
31.12.2009 |
31.12.2008 |
|
ASSETS |
|
|
|
FIXED ASSETS |
72.752.344,00 |
66.370.526,00 |
|
Formation
expenses |
979,00 |
13.393,00 |
|
Intangible fixed
assets |
370.350,00 |
258.136,00 |
|
Positive
consolidation differences |
838.977,00 |
1.511.844,00 |
|
Tangible fixed
assets |
69.203.782,00 |
62.204.899,00 |
|
Land and
buildings |
54.805.336,00 |
43.236.084,00 |
|
Plant, machinery
and equipment |
10.833.945,00 |
8.299.323,00 |
|
Furniture and
vehicles |
2.895.132,00 |
3.006.290,00 |
|
Leasing and
similar rights |
24.442,00 |
41.623,00 |
|
Other tangible
fixed assets |
365.865,00 |
134.154,00 |
|
Assets under construction
and advance payments |
279.062,00 |
7.487.425,00 |
|
|
|
|
|
Financial fixed
assets |
2.338.256,00 |
2.382.254,00 |
|
Companies
accounted for using the equity method |
2.168.279,00 |
2.234.849,00 |
|
Participating
interests |
2.168.279,00 |
2.234.849,00 |
|
Amounts
receivable |
-- |
-- |
|
Other
enterprises |
169.977,00 |
147.405,00 |
|
Participating
interests and shares |
19.080,00 |
15.635,00 |
|
Amounts
receivable |
150.897,00 |
131.770,00 |
|
CURRENT ASSETS |
145.415.771,00 |
144.965.070,00 |
|
Amounts
receivable after more than one year |
740.504,00 |
1.029.936,00 |
|
Trade debtors |
675.631,00 |
763.173,00 |
|
Other amounts
receivable |
64.873,00 |
266.763,00 |
|
Stocks and
contracts in progress |
35.367.138,00 |
42.093.161,00 |
|
Stocks˛** |
35.192.299,00 |
41.949.622,00 |
|
Raw materials
and consumables |
1.139.846,00 |
1.358.721,00 |
|
Work in progress
|
121.094,00 |
193.265,00 |
|
Finished goods |
220.065,00 |
460.125,00 |
|
Goods purchased
for resale |
33.711.294,00 |
39.935.538,00 |
|
Immovable
property intended for sale |
-- |
-- |
|
Advance payments
|
-- |
1.973,00 |
|
Contracts in
progress |
174.839,00 |
143.539,00 |
|
Amounts
receivable within one year |
68.621.403,00 |
79.142.814,00 |
|
Trade debtors |
63.904.074,00 |
73.614.957,00 |
|
Other amounts
receivable |
4.717.329,00 |
5.527.857,00 |
|
Current
investments |
2.374.682,00 |
4.271.214,00 |
|
Own shares |
200.000,00 |
-- |
|
Other
investments |
2.174.682,00 |
4.271.214,00 |
|
Cash at bank and
in hand |
37.227.237,00 |
16.997.451,00 |
|
Deferred charges
and accrued income |
1.084.807,00 |
1.430.494,00 |
|
TOTAL ASSETS |
218.168.115,00 |
211.335.596,00 |
* Article 124 of the Royal decree of 30 January 2001 concerning the
execution of the Company Law.
** Possibility of grouping stocks (cf. article 158, paragraph 1, second
part of the Royal decree mentioned above).
|
Particulars |
31.12.2009 |
31.12.2008 |
|
EQUITY AND LIABILITIES |
|
|
|
EQUITY |
167.932.055,00 |
155.027.942,00 |
|
Capital |
6.949.661,00 |
6.949.661,00 |
|
Issued capital |
6.949.661,00 |
6.949.661,00 |
|
Uncalled capital
|
-- |
-- |
|
Share premium
account |
1.615.432,00 |
1.615.432,00 |
|
Revaluation
surpluses |
-- |
-- |
|
Consolidated
reserves |
161.163.375,00 |
148.432.197,00 |
|
Negative
consolidation differences |
-- |
-- |
|
Translation
differences |
-2.431.082,00 |
-2.784.517,00 |
|
Investment
grants |
634.669,00 |
815.169,00 |
|
MINORITY
INTERESTS |
|
|
|
Minority
interests |
1.094.190,00 |
1.344.047,00 |
|
PROVISIONS AND
DEFERRED TAXES |
4.695.752,00 |
5.458.643,00 |
|
Provisions for
liabilities and charges |
4.496.993,00 |
5.090.026,00 |
|
Pensions and
similar obligations |
987.221,00 |
707.169,00 |
|
Taxation |
81.632,00 |
-- |
|
Major repairs
and maintenance |
242.953,00 |
48.386,00 |
|
Other
liabilities and charges |
3.185.187,00 |
4.334.471,00 |
|
Deferred taxes |
198.759,00 |
368.617,00 |
|
AMOUNTS PAYABLE |
44.446.118,00 |
49.504.964,00 |
|
Amounts payable
after more than one year |
2.338.287,00 |
2.481.391,00 |
|
Financial debts |
660.000,00 |
917.000,00 |
|
Subordinated
loans |
-- |
-- |
|
Unsubordinated
debentures |
-- |
-- |
|
Leasing and
other similar obligations |
-- |
17.000,00 |
|
Credit
institutions |
660.000,00 |
900.000,00 |
|
Other loans |
-- |
-- |
|
Trade debts |
-- |
-- |
|
Suppliers |
-- |
-- |
|
Bills of
exchange payable |
-- |
-- |
|
Advances
received on contracts in progress |
457.507,00 |
90.165,00 |
|
Other amounts
payable |
1.220.780,00 |
1.474.226,00 |
|
Amounts payable
within one year |
40.615.910,00 |
45.383.717,00 |
|
Current portion of amounts payable after more than one year falling due within one year |
306.781,00 |
96.562,00 |
|
Financial debts |
4.811,00 |
546.527,00 |
|
Credit
institutions |
1.784,00 |
306.410,00 |
|
Other loans |
3.027,00 |
240.117,00 |
|
Trade debts |
16.338.477,00 |
23.241.060,00 |
|
Suppliers |
16.338.477,00 |
23.241.060,00 |
|
Bills of
exchange payable |
-- |
-- |
|
Advances
received on contracts in progress |
484.555,00 |
567.356,00 |
|
Taxes,
remuneration and social security |
8.005.119,00 |
7.140.173,00 |
|
Taxes |
3.833.853,00 |
2.819.999,00 |
|
Remuneration and
social security |
4.171.266,00 |
4.320.174,00 |
|
Other amounts
payable |
15.476.167,00 |
13.792.039,00 |
|
Accruals and
deferred income |
1.491.921,00 |
1.639.856,00 |
|
TOTAL
LIABILITIES |
218.168.115,00 |
211.335.596,00 |
INCOME STATEMENT (breakdown of results by
nature)*
|
Particulars |
31.12.2009 |
31.12.2008 |
|
Operating income
|
281.258.041,00 |
337.348.819,00 |
|
Turnover |
279.761.633,00 |
336.102.489,00 |
|
Stocks of
finished goods and work and contracts in progress: |
|
|
|
increase
(decrease) |
-39.644,00 |
-120.756,00 |
|
Own work
capitalised |
9.640,00 |
48.372,00 |
|
Other operating
income |
1.526.412,00 |
1.318.714,00 |
|
Operating
charges |
255.343.785,00 |
320.105.336,00 |
|
Raw materials,
consumables |
162.555.689,00 |
211.795.271,00 |
|
Purchases |
157.929.096,00 |
212.004.696,00 |
|
Stocks: decrease
(increase) |
4.626.593,00 |
-209.425,00 |
|
Services and
other goods |
32.658.560,00 |
43.638.287,00 |
|
Remuneration,
social security costs and pensions |
48.518.057,00 |
49.770.768,00 |
|
Depreciation of
and other amounts written off formation expenses, intangible and tangible
fixed assets |
8.379.170,00 |
7.720.124,00 |
|
Amounts written
off stocks, contracts in progress and trade debtors: Appropriations
(write-backs) |
1.745.837,00 |
1.130.861,00 |
|
Provisions for
liabilities and charges: Appropriations (uses and write-backs) |
-825.770,00 |
2.871.570,00 |
|
Other operating
charges |
1.639.373,00 |
2.061.698,00 |
|
Operating charges
carried to assets as restructuring costs |
-- |
-- |
|
Amounts written
off on positive consolidation differences |
672.869,00 |
1.116.757,00 |
|
Operating profit
(loss) |
25.914.256,00 |
17.243.483,00 |
|
Financial income
|
8.174.720,00 |
5.823.179,00 |
|
Income from
financial fixed assets |
13.416,00 |
92.393,00 |
|
Income from
current assets |
242.159,00 |
843.861,00 |
|
Other financial
income |
7.919.145,00 |
4.886.925,00 |
|
Financial
charges |
9.774.691,00 |
7.431.482,00 |
|
Debt charges |
880.778,00 |
1.066.238,00 |
|
Amounts written
off positive consolidation differences |
-- |
-- |
|
Amounts written
off current assets except stocks, contracts in progress and trade debtors:
appropriations (write-backs) |
3.028,00 |
-- |
|
Other financial
charges |
8.890.885,00 |
6.365.244,00 |
|
Gain (loss) on
ordinary activities before taxes |
24.314.285,00 |
15.635.180,00 |
* The results can be
ordered along their destination (applying article 158, paragraph 2 of the Royal
decree of 30 January 2001 concerning the execution of the Company Law.)
|
Particulars |
31.12.2009 |
31.12.2008 |
|
Extraordinary
income |
245.281,00 |
515.879,00 |
|
Write-back of
depreciation and of amounts written off intangible and tangible fixed assets |
-- |
-- |
|
Adjustments to
amounts written off consolidation differences |
-- |
-- |
|
Write-back of
amounts written down financial fixed assets |
6.457,00 |
543.367,00 |
|
Write-back of
provisions for extraordinary liabilities and charges |
10.150,00 |
87.368,00 |
|
Capital gains on
disposal of fixed assets |
214.483,00 |
92.504,00 |
|
Other
extraordinary income |
14.191,00 |
267.636,00 |
|
Extraordinary charges
|
798.464,00 |
1.248.422,00 |
|
Extraordinary
depreciation of and extraordinary amounts written off formation expenses,
intangible and tangible fixed assets |
90.792,00 |
455.208,00 |
|
Extraordinary amounts
written on positive consolidation differences |
-- |
-- |
|
Amounts written
off financial fixed assets |
-- |
16.048,00 |
|
Provisions for
extraordinary liabilities and charges: |
|
|
|
appropriations
(uses) |
30.301,00 |
1.008,00 |
|
Capital losses
on disposal of fixed assets |
134.004,00 |
80.248,00 |
|
Other
extraordinary charges |
543.367,00 |
695.910,00 |
|
Extraordinary
charges carried to assets as restructuring costs |
-- |
-- |
|
Negative
consolidation differences |
-- |
-- |
|
Gain (loss) for
the period before taxes |
23.761.102,00 |
14.902.637,00 |
|
Transfer from
deferred taxes and latent taxation liabilities |
24.523,00 |
19.714,00 |
|
Transfer to
deferred taxes and latent taxation liabilities |
145.980,00 |
180.954,00 |
|
Income taxes |
4.459.461,00 |
5.908.654,00 |
|
Income taxes |
5.149.210,00 |
7.726.854,00 |
|
Adjustment of
income taxes and write-back of tax provisions |
689.749,00 |
1.818.200,00 |
|
Gain (loss) of
the period |
19.180.184,00 |
8.832.743,00 |
|
Share in the
result of the companies accounted for using the equity method |
112.109,00 |
659.417,00 |
|
Profits |
112.109,00 |
659.417,00 |
|
Losses |
-- |
-- |
|
Consolidated
result |
19.292.293,00 |
9.492.160,00 |
|
Share of third
parties |
522.551,00 |
470.066,00 |
|
Share of the group |
18.769.742,00 |
9.022.094,00 |
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.45.45 |
|
|
1 |
Rs.72.91 |
|
Euro |
1 |
Rs.61.43 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.