%20PRIVATE%20LIMITED%20-%20159110%2008-Nov-2011_files/image002.jpg){kind=small}
Summary Information
|
|
|
Country |
|
|
Company Name |
HUNTSMAN INTERNATIONAL ( |
Principal Name 1 |
Mr. Peter Hunstman John |
|
Status |
Good |
Principal Name 2 |
Mr. Nicholas Andrew Webster |
|
|
|
Registration # |
11-131020 |
|
Street Address |
Plot No. 1/1 TTC Industrial Area, Thane, |
||
|
Established Date |
27.02.2001 |
SIC Code |
-- |
|
Telephone# |
91-22-27780000 / 83 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-27780084 / 5 / 8 |
Business Style 2 |
- |
|
Homepage |
Product Name 1 |
Chemicals |
|
|
# of employees |
50 (Approximately) |
Product Name 2 |
- |
|
Paid up capital |
Rs. 652,287,910/- |
Product Name 3 |
- |
|
Shareholders |
Foreign holdings – 100% |
Banking |
IDBI Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
9 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
A (65) |
|
Related Company |
|||
|
Relation |
Country |
Company Name |
CEO |
|
Holding Company |
Netharland |
Huntsman Investment
(Netherland) BV |
- |
|
Note |
- |
||
2. Summary Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,921,498,000 |
Current Liabilities |
934,682,000 |
|
Inventories |
871,394,000 |
Long-term Liabilities |
241,098,000 |
|
Fixed Assets |
372,588,000 |
Other Liabilities |
33,021,000 |
|
Deferred Assets |
40,245,000 |
Total Liabilities |
1,208,801,000 |
|
Invest& other Assets |
543,250,000 |
Retained Earnings |
1,887,887,000 |
|
|
|
Net Worth |
2,540,174,000 |
|
Total Assets |
3,748,975,000 |
Total Liab. & Equity |
3,748,975,000 |
|
Total
Assets (Previous Year) |
3,560,862,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
5,922,850,000 |
Net Profit |
374,279,000 |
|
Sales(Previous yr) |
5,152,415,000 |
Net Profit(Prev.yr) |
232,079,000 |
MIRA
INFORM REPORT
|
Report Date : |
08.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
HUNTSMAN INTERNATIONAL ( |
|
|
|
|
Registered
Office : |
Plot No. 1/1 TTC Industrial Area, Thane, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
27.02.2001 |
|
|
|
|
Com. Reg. No.: |
11-131020 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 652.287 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24117MH2001PTC131020 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH05154C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Marketer of Chemicals. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 10160000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a fully owned subsidiary of Huntsman, the It is a well established and reputed company having fine track record.
Financials positions of the company appear to be sound. Trade relations are
reported as fair. Business is active. Payments are reported to be regular and
as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. It can be regarded as a promising business partner in medium to long
run. |
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) |
|
|
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/ Factory : |
Plot No. 1/1 TTC Industrial Area, Thane, |
|
Tel. No.: |
91-22-27780000 / 83 |
|
Fax No.: |
91-22-27780084 / 5 / 8 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq.ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
A -10/ A, Sector 24, FDDI Complex, Noida-201301, Gautam Buddha Nagar, |
|
Tel. No.: |
91-120-4255100 |
|
Fax No.: |
91-120-4255105 / 4255106 |
DIRECTORS
As on 27.09.2010
|
Name : |
Mr. Peter Hunstman John |
|
Designation : |
Director |
|
Address : |
10003, |
|
Date of Birth/Age : |
13.03.1963 |
|
Date of Appointment : |
01.03.2001 |
|
DIN No.: |
01631703 |
|
|
|
|
Name : |
Mr. Nicholas Andrew Webster |
|
Designation : |
Director |
|
Address : |
3040, Huldenberg, Hollestratt (Loo) 9, Huldenbera-9, GB |
|
Date of Birth/Age : |
31.08.1957 |
|
Date of Appointment : |
20.11.2007 |
|
DIN No.: |
01963565 |
|
|
|
|
Name : |
Mr. Ajay Kanwar |
|
Designation : |
Director |
|
Address : |
Flat No. 201, Springleaf 7A, |
|
Date of Birth/Age : |
04.11.1970 |
|
Qualification : |
BSC, B Tech |
|
Experience : |
16 Years |
|
Date of Appointment : |
22.09.2009 |
|
DIN No.: |
02169721 |
|
|
|
|
Name : |
Mr. Anand Gopaldesikan |
|
Designation : |
Director |
|
Address : |
C -3, RS Mansion, 7/4, |
|
Date of Birth/Age : |
10.08.1971 |
|
Date of Appointment : |
22.09.2009 |
|
DIN No.: |
02469962 |
KEY EXECUTIVES
|
Name : |
Mr. Pratik Shah |
|
Designation : |
Secretary |
|
Address : |
B-21, Triveni, |
|
Date of Birth: |
17.04.1981 |
|
Date of Appointment : |
17.04.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Huntsman |
|
65218791 |
|
Huntsman |
|
10000 |
|
Total |
|
65228791 |
As on 07.10.2011
|
Names of Allotees |
|
No. of Shares
Alloted |
|
Huntsman |
|
768750 |
|
Total |
|
768750 |
As on 15.11.2010
|
Names of Allotees |
|
No. of Shares
Alloted |
|
Huntsman |
|
10456209 |
|
Total |
|
10456209 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2010
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Marketer of Chemicals |
GENERAL INFORMATION
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
IDBI Bank Limited, |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679025 |
|
PAN.: |
AACFD4815A |
|
|
|
|
Holding Company
: |
·
Huntsman Investments ( |
|
|
|
|
Associates : |
·
Swathi Organics and Specialities Private Limited,
|
|
|
|
|
Subsidiary
Company : |
·
Huntsman Polyurethanes Australia Private Limited ·
Huntsman ( ·
Huntsman ·
Huntsman ( ·
Huntsman (Holdings) ·
Huntsman ( ·
Huntsman ( ·
Huntsman International Polyurethanes ·
Huntsman International ( ·
Huntsman International LLC ·
Huntsman Corporation ·
Pt. Huntsman ·
Huntsman Quimica Brazil Limited, ·
Huntsman Textile Effects France, France ·
Huntsman Advance Materials HK. Limited, Hongkong ·
Huntsman ·
Huntsman International ·
Huntsman Tekstill ·
Huntsman Advance Materials ( ·
Huntsman Efectos Textiles ( ·
Huntsman Colombia Limited, ·
Huntsman Textile Effects ( ·
Huntsman Advance Materials KK, Japan ·
Huntsman Textile Effects (Qingao) Company
Limited, ·
Huntsman Advance Material India Private Limited, Address: Manali, Chennai – 600068, ·
Huntsman
Surface Sciences UK Limited, ·
Baroda Textile Effects Private Limited, |
CAPITAL STRUCTURE
27.09.2010
Authorised Capital Rs. 1670.000 Millions
Issued, Subscribed and Paid Up Capital Rs. 764.538 Millions
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
167,000,000 |
Equity shares |
Rs.10/- each |
Rs.1670.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
65,228,791 |
Equity shares |
Rs.10/- each |
Rs.652.287
millions |
|
|
|
|
|
Of the above 65218791 equity shares of Rs. 10
each fully paid up are held by Huntsman Investment (
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
652.287 |
644.475 |
858.47 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1887.887 |
1496.420 |
1544.681 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2540.174 |
2140.895 |
2403.156 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
41.098 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
200.000 |
530.000 |
88.000 |
|
|
TOTAL BORROWING |
241.098 |
530.000 |
88.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2781.272 |
2670.895 |
2491.156 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
372.588 |
599.892 |
828.940 |
|
|
Capital work-in-progress |
0.750 |
0.000 |
7.201 |
|
|
|
|
|
|
|
|
INVESTMENT |
542.500 |
5.500 |
5.500 |
|
|
DEFERRED TAX ASSETS |
40.245 |
12.923 |
1.888 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
871.394
|
712.195
|
687.853
|
|
|
Sundry Debtors |
1300.288
|
1172.487
|
1170.127
|
|
|
Cash & Bank Balances |
111.142
|
553.377
|
348.602
|
|
|
Other Current Assets |
0.006
|
0.392
|
0.094
|
|
|
Loans & Advances |
510.062
|
504.096
|
269.758
|
|
Total
Current Assets |
2792.892
|
2942.547
|
2476.434 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
893.740
|
820.813 |
750.303
|
|
|
Current Liabilities |
40.942
|
33.828
|
43.327
|
|
|
Provisions |
33.021
|
35.326
|
35.177
|
|
Total
Current Liabilities |
967.703
|
889.967
|
828.807
|
|
|
Net Current Assets |
1825.189
|
2052.580
|
1647.627
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2781.272 |
2670.895 |
2491.156 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
5922.850 |
5152.415 |
5625.070 |
|
|
|
Other Income |
154.290 |
95.455 |
0.000 |
|
|
|
TOTAL (A) |
6077.140 |
5247.870 |
5625.070 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Traded Goods |
3286.163 |
2683.807 |
4729.250 |
|
|
|
Manufacturing Expenses |
1928.305 |
1880.297 |
|
|
|
|
Increase/(Decrease) in Finished Goods |
(39.485) |
25.185 |
|
|
|
|
TOTAL (B) |
5174.983 |
4589.289 |
4729.250
(including financial expenses) |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
902.157 |
658.581 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
52.881 |
34.368 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
849.276 |
624.213 |
895.820 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
239.319 |
216.825 |
253.050 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
609.957 |
407.388 |
642.770 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
235.678 |
175.309 |
281.670 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
374.279 |
232.079 |
361.100 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
748.240 |
730.161 |
369.061 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Capital Redemption Reserve
pursuant to buy back of equity shares |
0.000 |
214.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1122.519 |
748.240 |
730.161 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
FOB Value of Export |
NA |
520.939 |
441.393 |
|
|
|
Commission on indent Sales |
NA |
29.576 |
48.561 |
|
|
|
Other Earnings |
NA |
42.394 |
0.889 |
|
|
|
TOTAL EARNINGS |
NA |
592.909 |
490.843 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw Materials and Finished Goods |
NA |
1577.413 |
1675.421 |
|
|
|
Capital Goods |
NA |
18.443 |
17.313 |
|
|
|
TOTAL IMPORTS |
NA |
1595.856 |
1692.734 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.76 |
3.34
|
NA |
|
%20PRIVATE%20LIMITED%20-%20159110%2008-Nov-2011_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
6.15 |
4.42 |
6.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.29 |
7.90 |
11.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.82 |
6.55 |
10.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.19 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.47
|
0.66
|
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.88 |
3.30
|
2.98 |
LOCAL AGENCY FURTHER INFORMATION
CONTINGENT
LIABILITIES
Rs.
In Millions
|
Claims not acknowledged by the Company |
31.03.2010 |
31.03.2009 |
|
A) Sales Tax demand in respect of earlier
years under dispute in respect of issues of applicability and classification,
pending in appeal before higher authorities. The Company is hopeful of
favorable decision. Amount paid there against and included (Rs.8.807
millions) (Previous yearRs.3.144 millions) |
25.552 |
24.650 |
|
B) Income
Tax Demand in respect of earlier years under dispute relating to issues of
deducibility and taxability, pending in appeal before higher authorities. |
27.281
|
8.467 |
FORM 8:
|
Corporate identity
number of the company |
U24117MH2001PTC131020 |
|
Name of the
company |
HUNTSMAN INTERNATIONAL ( |
|
Address of the
registered office or of the principal place of business in |
Plot No. 1/1 TTC Industrial Area, Post Box No. 12, Koparkhairne,
Thane, Belapur Road, Navi Mumbai - 400
709, Maharashtra, India Email : pratik_shah@huntsman.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10165456 |
|
Type of charge |
|
|
Particular of
charge holder |
IDBI Bank Limited, IDBI Towerwtc Complex, Cuffe Parade, Mumbai- 400005,
E-Mail : ag.wanjari@idbi.co.in |
|
Nature of
instrument creating charge |
No instrument was
executed. A mortgage by deposit of title deed, by way of constructive delivery,
created on April 18, 2011 by the company in favour of IDBI Bank Limited over
its immovable properties (described in column no.15 hereafter) for securing
due repayment by the company to IDBI in terms of Supplemental Facility
Agreement dated 06.01.2011,for its enhanced Working Capital facility (WCF) of
Rs. 100.000 millions (enhanced from Rs. 500.000 millions to Rs. 600.000
millions). |
|
Date of
instrument Creating the charge |
18.04.2011 |
|
Amount secured by
the charge |
Rs. 600.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
: As per the
Supplemental facility agreement (SFA) Dated 06.01.2011 executed by the
Company in favour of IDBI as amended from time to time. Terms of Repayment
: As per the
Supplemental facility agreement (SFA Dated 06.01.2011 executed by the Company
in favour of IDBI as amended from time to time. Margin : As per the
Supplemental facility agreement (SFA) Dated 06.01.2011 executed by the
Company in favour of IDBI as amended from time to time. Extent and
Operation of the charge : The charge
operates as security inter alia on 1st pari passu charge on all the fixed
assets situated at company's office premises admeasuring 1500sq.ft situated
at 210 and 211, Raheja Chamber, Plot No. 12, Museum Rd. Bangalore with
Buildings, plant and machinery both present and future to secure the enhanced
WCF up to Rs.600.000 millions together with all costs, expenses and other
monies whatever stipulated in the SFA Dated 06/01/2011 as amended from time
to time. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All immovable
properties of the company situated at company's office premises admeasuring
1500sq,ft. situated at 210 and 211, Raheja Chambers, Plot No. 12, |
|
Date of
instrument modifying the charge |
06.01.2011 |
|
Particulars of
the present modification |
IDBI's enhanced
WCF of Rs. 100.000 millions (enhanced from Rs. 500.000 millions to Rs. 600.000
millions) together with interest and all other monies which was originally
secured by way of hypothecation Dated 06.01.2011 is now secured by way of
mortgage by way of constructive delivery of Title Deeds created by the
company on 18.04.2011 on 1st charge basis. |
FIXED ASSETS
- Building
- Plant and Machinery
- Improvement
- Furniture, Fixture and Equipment
- Computer
- Vehicle
- Goodwill
- Distribution Network
- 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 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 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
64 |
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.