MIRA
INFORM REPORT
|
Report Date : |
05.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
DYSTAR INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
R – 855, TTC Industrial Area, Rable, P O Ghansoli, Navi Mumbai –
400701, |
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|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2010 |
|
|
|
|
Date of
Incorporation : |
20.11.1995 |
|
|
|
|
Com. Reg. No.: |
11-94620 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 342.090 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24114MH1995PTC094620 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNED03254G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD0295N |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
The Company is principally engaged in the manufacture and trading of
textile dyestuff. |
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|
|
|
No. of Employees
: |
85 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (38) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a well established company having moderate track. The
company is progressing well. Trade relations are reported as fair. Business
is active. Payments are reported to be slow but correct. The company can be considered for small to mediocre 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.
INFORMATION PARTED BY
|
Name : |
Mr. Ramamurthi G Chittur |
|
Designation : |
Director |
|
Contact No.: |
91-22-61419013 |
|
Date : |
03.11.2011 |
LOCATIONS
|
Registered Office/Lab : |
R – 855, TTC Industrial Area, Rable, P O Ghansoli, Navi Mumbai –
400701, Maharashtra, India |
|
Tel. No.: |
91-22-61419000 |
|
Fax No.: |
91-22- 61419010 |
|
E-Mail : |
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|
Website : |
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|
Area : |
3500 Sq. ft |
|
Location : |
Leased |
|
|
|
|
Factory 1 : |
Plot No. 3002, S/A GIDC, Ankleshwar – 393002, Gujarat, India |
|
Tel. No.: |
91-2646-22101518 |
DIRECTORS
AS ON 30.06.2011
|
Name : |
Mr. Ramamurthi Chittur Gopalakrishnan |
|
Designation : |
Director |
|
Address : |
Flat No. A / 2, Sahavasi CHS Limited, Sector 4, Vashi – 400703, |
|
Date of Birth/Age : |
03.12.1958 |
|
Date of Appointment : |
16.03.2010 |
|
DIN No.: |
00117575 |
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 |
U24114MH1995PTC094620 |
Dystar
India Private Limited |
Alternate
director |
16-03-10 |
06-12-04 |
Active |
NO |
|
2 |
U33125MH1995PTC090076 |
Texanlab
Laboratories Private Limited |
Alternate
director |
18-12-07 |
13-09-07 |
Active |
NO |
|
Name : |
Mr. Rajesh Balakrisnan |
|
Designation : |
Managing Director |
|
Address : |
C/6, |
|
Date of Birth/Age : |
29.12.1969 |
|
Date of Appointment : |
10.03.2009 |
|
DIN No.: |
02538698 |
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 |
U33125MH1995PTC090076 |
Texanlab
Laboratories Private Limited |
Director
appointed in casual vacancy |
09-03-09 |
09-03-09 |
Active |
NO |
|
2 |
U24114MH1995PTC094620 |
Dystar
India Private Limited |
Managing
director |
10-03-09 |
10-03-09 |
Active |
NO |
|
Name : |
Mr. Sureshkumar Savajibhai Gondalia |
|
Designation : |
Director |
|
Address : |
B/7, Ruchi Apartments, |
|
Date of Birth/Age : |
29.03.1976 |
|
Date of Appointment : |
25.06.2010 |
|
DIN No.: |
00006687 |
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 |
U01135GJ1995PLC025489 |
Columbia
Global Limited |
Director |
16-08-02 |
16-08-02 |
Active |
NO |
|
2 |
U64202MH2000PLC126303 |
Gee
Tele Network Limited |
Director |
27-05-03 |
27-05-03 |
Active |
NO |
|
3 |
U24114MH1995PTC094620 |
Dystar
India Private Limited |
Director |
25-06-10 |
16-03-10 |
Active |
NO |
|
Name : |
Mr. Bernardus Johannes Adrianus Lambertus Kuijk |
|
Designation : |
Director |
|
Address : |
5, 5th Floor, Sanghi Residency, 77A, Palkhi Galli,
Prabhadevi, Mumbai – 400052, |
|
Date of Birth/Age : |
15.04.1965 |
|
Date of Appointment : |
19.09.2003 |
|
DIN No.: |
00118582 |
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 |
U24114MH1995PTC094620 |
Dystar
India Private Limited |
Director |
01-01-09 |
19-09-03 |
Active |
NO |
|
2 |
U33125MH1995PTC090076 |
Texanlab
Laboratories Private Limited |
Director |
18-12-07 |
13-09-07 |
Active |
NO |
|
Name : |
Mr. Yagnesh Kishorchandra Mankad |
|
Designation : |
Additional Director |
|
Address : |
H/4, Samip Apartments, Near Shreyas Railway Crossing, Ambawadi,
Ahmedabad – 380015, |
|
Date of Birth/Age : |
16.03.1955 |
|
Date of Appointment : |
03.09.2010 |
|
DIN No.: |
03204060 |
KEY EXECUTIVES
|
Name : |
Mr. Ramamurthi Gopalakrishnan Chittur |
|
Designation : |
Secretary |
|
Address : |
Flat No. A / 2, Sahavasi CHS Limited, Sector 4, Vashi – 400703, |
|
Date of Birth/Age : |
03.12.1958 |
|
Date of Appointment : |
25.09.1996 |
|
Pan No.: |
AAIPG0491K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2011
|
Names of Shareholders |
No. of Shares |
|
Kiri Holdings Singapore Pte Limited, India |
3420899 |
|
Dystar Singapore Pte, India |
1 |
|
Total |
3420900 |
AS ON 30.06.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is principally engaged in the manufacture and trading of
textile dyestuff. |
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Products : |
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Exports : |
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Products : |
· Textiles Dyestuff · Pigments |
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Countries : |
·
Pakistan ·
Bangladesh |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Germany ·
China |
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Terms : |
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Selling : |
Cash, Credit (30 days, 60 days, 90 days) |
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Purchasing : |
Cash, Credit (30 days, 60 days, 90 days) |
PRODUCTION STATUS AS ON 31.12.2010
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Synthetic Organics Dyestuff |
MT |
6836 |
5256 |
1583 |
GENERAL INFORMATION
|
Suppliers : |
·
Kiri Industries |
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Customers : |
Stockiest ·
D C Tex |
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No. of Employees : |
85 (Approximately) |
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Bankers : |
·
State Bank of India, Mainzer Landstrabe 61,
Frankfurt-60329, Germany |
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Facilities : |
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Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
Vijay Bhatt Partner BBSR and Company Chartered Accountant |
|
Address : |
Lodha Excelus, 1st Floor, Apollo mills Compound, N. M.
Joshi Marg, Mahalakshmi, Mumbai-400011, Maharashtra, India |
|
Tel. No.: |
91-22-39896000 |
|
Fax No.: |
91-22-39836000 |
|
Pan No.: |
AAKFB4397F |
|
|
|
|
Holding Company : |
·
Kiri Holdings Singapore Pte Limited, India |
|
|
|
|
Subsidiaries : |
·
Texanlab Laboratories Private Limited CIN No.: U33125MH1995PTC090076 |
|
|
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|
Fellow Subsidiaries: |
·
Dystar Textilfarben GMBH and Co. Deutschland KG ·
Dystar Italia S r l. |
CAPITAL STRUCTURE
AS ON 31.12.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3425000 |
Equity Shares |
Rs.100/- each |
Rs. 342.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3420900 |
Equity Shares |
Rs.100/-
each |
Rs. 342.090
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
342.090 |
342.090 |
278.890 |
|
|
2] Share Application Money |
0.00 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
162.512 |
73.183 |
24.497 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
504.602 |
415.273 |
303.387 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.602 |
12.677 |
16.888 |
|
|
2] Unsecured Loans |
166.554 |
181.832 |
187.569 |
|
|
TOTAL BORROWING |
175.156 |
194.509 |
204.457 |
|
|
DEFERRED TAX LIABILITIES |
0.361 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
680.119 |
609.782 |
507.844 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
155.439 |
171.635 |
166.583 |
|
|
Capital work-in-progress |
0.000 |
0.099 |
13.466 |
|
|
|
|
|
|
|
|
INVESTMENT |
193.730 |
172.728 |
109.715 |
|
|
DEFERREX TAX ASSETS |
0.000 |
11.191 |
14.034 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
158.434
|
91.041
|
64.553
|
|
|
Sundry Debtors |
206.307
|
152.491
|
144.038
|
|
|
Cash & Bank Balances |
12.860
|
16.200
|
22.976
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
197.429
|
206.276
|
189.494
|
|
Total
Current Assets |
575.030
|
466.008 |
421.061 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
195.045
|
160.056
|
170.261
|
|
|
Other Current Liabilities |
36.859
|
35.832
|
33.368
|
|
|
Provisions |
12.176
|
15.991
|
13.386
|
|
Total
Current Liabilities |
244.080
|
211.879 |
217.015 |
|
|
Net Current Assets |
330.950
|
254.129
|
204.046
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
680.119 |
609.782 |
507.844 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1138.976 |
|
|
|
|
Other Income |
|
59.571 |
|
|
|
|
TOTAL (A) |
|
1198.547 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
1013.355 |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
1013.355 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
185.192 |
102.153 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
7.166 |
10.303 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
178.026 |
91.850 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
27.145 |
26.930 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
150.881 |
64.920 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
61.552 |
16.234 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
89.329 |
48.686 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
96.914 |
NA |
|
|
|
Other Earnings |
|
29.003 |
NA |
|
|
TOTAL EARNINGS |
|
125.917 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
26.11 |
14.23 |
|
|
Particulars |
|
|
2011 (till date) |
|
Sales Turnover (Approximately) |
|
|
1140.000 |
|
|
|
|
|
Expected Sales (2011-2012) : Rs. 1200.000 Millions
The above information has been parted by Mr. Ramamurthi.
KEY RATIOS
|
PARTICULARS |
|
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
PAT / Total Income |
(%) |
7.45
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.25
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.66
|
10.01 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.16 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.83
|
0.98 |
1.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.36
|
2.20 |
1.94 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
Sundry Creditors |
195.045
|
160.056
|
170.261
|
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
----- |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last two years |
Yes |
|
12. Profitability for last three years |
No |
|
13. Reasons for variation <> 20% |
No |
|
14. Estimation for coming financial year |
Yes |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
Yes |
|
17. Major suppliers |
Yes |
|
18. Major customers |
Yes |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
No |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
------ |
|
29. Last accounts filed at ROC |
------ |
|
30. Major Shareholders, if available |
------ |
Note:
The Registered office of the company has been shifted from Marwah House,
Ground Floor, Krishanlal Marwah Marg, Saki Vihar Road, Saki Naka, Andheri
(East), Mumbai – 400072, Maharashtra, India to present address w.e.f.
17.10.2008
BACKGROUND
Subject was incorporated on November 20, 1995. The Company is a
subsidiary of Dystar Colour Distribution Gmbh, a legal entity incorporated in
Germany. The Company is principally engaged in the manufacture and trading of textile
dyestuff. The ultimate holding company is Kiri Dyes and Chemicals Limited.
The entire shares held by Dystar Colours Distribution, has been
transferred to Kiri Holding Singapore Private Limited on 28 March, 2011.
OPERATIONS
During the year, though the Indian economy was not very buoyant and
exports of textiles showed negative trends, the Company recorded its highest
ever turnover which increased by 62% in view of its brand image and
demonstrated ecological advantages and cost benefits over those of its
competitors. The local sales (net of excise duty and allowances) for the year
2010 were Rs. 1139 million against Rs. 702 millions for the year 2009, an
increase of 62%. However, the sales in respect of which the Company acts as an
indenting agent, decreased significantly to Rs. 328 millions for the year 2010
against Rs. 827 millions for the year 2009, a decline of 60%.
The company registered a record profit of Rs. 185 million before
depreciation, interest and tax as compared to the profit of Rs. 102 millions in
2009.
After providing for interest and depreciation and tax provisions
(including deferred tax), the net profit of carried to the Balance Sheet
amounted to Rs. 89 millions for the year 2010 against a profit of Rs. 49
million for the year 2009.
FINANCE
During the year, the Company continued to generate good cash profits.
The company renegotiated the Inter Company Loan of Euro 2.70 mio, renewing the
loan for a further period of three years.
FORM 8
|
Corporate identity
number of the company |
U24114MH1995PTC094620 |
|
Name of the
company |
DYSTAR INDIA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
R – 855, TTC Industrial Area, Rable, P O Ghansoli, Navi Mumbai – 400701, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
State Bank of India, Mainzer Landstrabe 61, Frankfurt-60329, Germany |
|
Nature of
instrument creating charge |
Collateral
Assignment Agreement; Account Pledge Agreement; and Global Assignment
Agreement all dated March 1, 2011 entered into between Kiri Holding Singapore
Private Limited and Dystar India Private Limited and State Bank of India,
Frankfurt Branch. |
|
Date of
instrument Creating the charge |
01.03.2011 |
|
Amount secured by
the charge |
Rs. 4360.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest For SBI,OBC,
Central Bank- 3 months euribor plus 240 bps and for Exim Bank-6 months Libor
plus 550 bps. Terms of repayment 14 quarterly
equal installments Extent and operation of the charge Pari passu charge |
|
Short particulars
of the property charged (Including location of the property) |
All assets
situated at Plot No. 3302/A, GIDC Ankleshwar, Dist: Bharuch (Gujarat),
Ankleshwar - 393002 and Plot No. 5057, 5058 Nr, Madhav Machinery, GIDC
Ankleshwar, Ankleshwar - 393002. All assigned
receivables of Dystar India Private Limited mentioned in the Global
Assignment Agreement. All bank accounts
of Dystar India Private Limited mentioned under Schedule 1 of the Account
Pledge Agreement. |
TRADE REFERENCE:
·
D C Tex
·
Kiri Industries
FIXED ASSETS
- Goodwill
- Furniture and
Fixtures
- Office
Equipments
- Computers
- Plant and
Machinery
- Leasehold
Improvements
- Lab
Equipments
- Vehicles
- Trade
Mark
- Computer
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. 49.08 |
|
|
1 |
Rs. 78.65 |
|
Euro |
1 |
Rs. 67.79 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
38 |
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.