1. Summary Information
|
|
|
Country |
|
|
Company Name |
MACCAFERRI
ENVIRONMENTAL SOLUTIONS PRIVATE LIMITED |
Principal Name 1 |
Mr. Luigi Penzo |
|
Status |
Moderate |
Principal Name 2 |
Mr. VikrantJeet Roy |
|
|
|
Registration # |
11-131124 |
|
Street Address |
D – 40, MIDC, Ranjangaon, Taluka Shirur, Pune – 441220, |
||
|
Established Date |
24.04.1998 |
SIC Code |
-- |
|
Telephone# |
91-2138-2670327 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-2138-2670337 |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
Double Twist |
|
|
# of employees |
Not Available |
Product Name 2 |
Paraweb |
|
Paid up capital |
Rs.564,582,100 |
Product Name 3 |
Paralink |
|
Shareholders |
Foreign holdings – 100% |
Banking |
Corporation Bank |
|
Public Limited Corp. |
NO |
Business Period |
13 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
|
OFFICINE
MACCAFERRI SPA |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
517,117,000 |
Current Liabilities |
200,663,000 |
|
Inventories |
214,533,000 |
Long-term Liabilities |
274,686,000 |
|
Fixed Assets |
248,884,000 |
Other Liabilities |
5,216,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
480,565,000 |
|
Invest& other Assets |
2,255,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
502,224,000 |
|
Total Assets |
982,789,000 |
Total Liab. & Equity |
982,789,000 |
|
Total Assets (Previous Year) |
839,892,000 |
|
|
|
P/L Statement as of |
31.12.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1261,439,000 |
Net Profit |
83,816,000 |
|
Sales(Previous yr) |
1082,040,000 |
Net Profit(Prev.yr) |
35,079,000 |
MIRA
INFORM REPORT
|
Report Date : |
09.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
MACCAFERRI ENVIRONMENTAL SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
D – 40, MIDC, Ranjangaon, Taluka Shirur, Pune – 441220, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
24.04.1998 |
|
|
|
|
Com. Reg. No.: |
11-131124 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.564.582 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U45200PN1998PTC131124 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMM22250E MUMM12608B |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCM5896L |
|
|
|
|
Legal Form : |
Private Limited Liabilities Company |
|
|
|
|
Line of Business : |
Manufacturer, Supplier, Erection, Trading
and Installation of Gabions Renomattresses wire, Geosynthetics and Natural
Fiber Products |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
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 |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for business dealings with some caution.
|
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 |
INFORMATION PARTED BY
|
Name : |
Mr. Mayur Jain |
|
Designation : |
Senior Manager Finance and Accountant
|
|
Date : |
07.11.2011 |
LOCATIONS
|
Registered Office/ Factory : |
D – 40, MIDC, Ranjangaon, Taluka Shirur, Pune – 441220, |
|
Tel. No.: |
91-2138-2670327/2670332/22 / 27580931 |
|
Fax No.: |
91-2138-2670337 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
206, 2nd Floor, Salcon Aurum, Plot No. 4, Jasola District
Center, New Delhi – 110044, Delhi, India |
|
Tel. No.: |
91-11-43798400/50 |
|
Fax No.: |
91-11-46546330 |
|
|
|
|
Branch Offices : |
Located at:
|
|
|
|
|
Headquarter : |
Via Kennedy 10 40069, Zola Predos ( |
|
Tel. No.: |
39-0516436000 |
|
Fax No.: |
39-0516436201 |
DIRECTORS
As On 30.06.2010
|
Name : |
Mr. VikrantJeet Roy |
|
Designation : |
Managing Director |
|
Address : |
B-158, 2nd Floor, Shivalik, |
|
Date of Appointment : |
30.01.2007 |
|
DIN No. : |
00637663 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U60231DL2000PTC107593 |
Vera Resources
Private Limited |
Director |
22-01-06 |
22-01-06 |
- |
Active |
NO |
|
2 |
U45200PN1998PTC131124 |
Maccaferri
Environmental Solutions Private Limited |
Managing
director |
30-01-07 |
30-01-07 |
- |
Active |
NO |
|
3 |
U74140HR1996PLC033215 |
Sargon
Geosynthetics Limited |
Managing
director |
30-01-07 |
30-01-07 |
- |
Amalgamated |
NO |
|
4 |
U74140DL2008PTC178929 |
VR Management
Consulting Private Limited |
Director |
02-06-08 |
02-06-08 |
- |
Active |
NO |
|
5 |
U01134DL2008PTC183616 |
Asaavi Farms
Produce Private Limited |
Director |
23-09-08 |
23-09-08 |
- |
Active |
NO |
|
6 |
U93000DL2009PTC188731 |
Zenga
Entertainment Private Limited |
Director |
23-03-09 |
23-03-09 |
- |
Active |
NO |
|
7 |
U22130DL2009PTC192737 |
Zenga Media
Private Limited |
Director |
30-07-09 |
30-07-09 |
- |
Active |
NO |
|
8 |
U72900DL2008PTC172150 |
Zenga Mail
Private Limited |
Whole-time
director |
30-10-09 |
05-10-09 |
- |
Active |
NO |
|
9 |
U72900DL2009PTC197474 |
KM Digi Serve
Private Limited |
Director |
31-12-09 |
31-12-09 |
- |
Active |
NO |
|
Name : |
Mr. Luigi Penzo |
|
Designation : |
Director |
|
Address : |
Via Puglie, 12 40056, Crespellanc, ( |
|
Date of Appointment : |
20.01.2004 |
|
DIN No. : |
01520008 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U45200PN1998PTC131124 |
Maccaferri
Environmental Solutions Private Limited |
Director |
20-01-04 |
20-01-04 |
- |
Active |
NO |
|
2 |
U74140HR1996PLC033215 |
Sargon
Geosynthetics Limited |
Director |
20-01-07 |
20-01-07 |
- |
Amalgamated |
NO |
|
Name : |
Mr. Marcho Finelli |
|
Designation : |
Director |
|
Address : |
Via Belmeloro – 5, 40100 |
|
Date of Appointment : |
04.11.1998 |
|
DIN No. : |
01481866 |
|
|
|
|
Name : |
Mr. Ashish D Gharpure |
|
Designation : |
Director |
|
Address : |
Flat No 07, 3rd Floor, Dini Homes, Plot No 53, Sector 21, Nerul,
Navi Mumbai-400706, |
|
Date of Appointment : |
01.01.2009 |
|
DIN No. : |
02509781 |
KEY EXECUTIVES
|
Name : |
Mr. Rajeev Jagan Bhargav |
|
Designation : |
Secretary |
|
Address : |
H. No. 846, Sector 19, |
|
Date of Birth/Age : |
19.06.1981 |
|
Date of Appointment : |
30.12.2010 |
|
|
|
|
Name : |
Mr. Mayur Jain |
|
Designation : |
Senior Manager Finance and Accountant
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.06.2010
|
Names of Shareholders |
|
No. of Shares |
|
Officine Maccaferri SPA – |
|
5575906 |
|
International Maccaferri Gabions Holding Company SA – Luxemburg |
|
69915 |
|
Total |
|
5645821 |
Equity Share Break up (Percentage of Total Equity)
As On 30.06.2010
|
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, Supplier, Erection, Trading
and Installation of Gabions Renomattresses Wire, Geosynthetics and Natural Fiber
Products |
|
|
|
PRODUCTION STATUS (AS ON 31.12.2010)
|
Particulars |
Unit |
Installed
Capacity* |
Actual
Production |
|
Double Twist |
MT |
6000 |
2476.73 |
|
Paraweb |
MTR |
16700000 |
16162360 |
|
Paralink |
Sqmtr |
1500000 |
1286461 |
Note:
Licensed Capacity is not applicable for all
products
(*) As certified by the management and
accepted by the auditors being technical in nature
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Corporation Bank – Overseas Branch, Earnest
House, Nariman Point, Mumbai – 400021, ·
Calyon Bank |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
Notes: 1. Cash credit facilities are
secured by way of hypothecation of inventories, book debts and current assets
of the company. 2. Term loans are secured by way of hypothecation of underlying motor
vehicles (amount repayable within one year Rs. Nil (Previous year Rs.0.160
million)
Notes:
a)
BNP Paribas Due within one year Rs. Nil (Previous year
Rs. 85.000 Millions) b)
Calyon Bank Due within one year Rs. Nil (Previous year
Rs. 80.000 Millions)
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S V Ghatalia and Associates Chartered Accountants |
|
Address : |
Golf View Corporate Tower B, Sector-42, |
|
Tel No.: |
91-124-4644000 |
|
Fax No.: |
91-124-4644050 |
|
PAN No.: |
AACFS6921Q |
|
|
|
|
Holding Company
: |
·
Officine Maccaferri SPA, |
|
|
|
|
Fellow
Subsidiaries : |
·
Maccaferri Construction Limited, ·
Maccaferri Pty Limited, ·
·
Maccaferri New Zealand Limited, ·
Maccaferri ·
Maccaferri ( ·
Maccaferri SA (Pty) Limited, ·
Maccaferri Inc, ·
Maccaferri ·
Maccaferri |
|
|
|
|
Associates : |
·
Felsinea Factor S.P.A., ·
Linear Composites Limited, |
CAPITAL STRUCTURE
As On 31.12.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6300000 |
Equity Shares |
Rs.100/- each |
Rs.630.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5645821 |
Equity Shares |
Rs.100/- each |
Rs.564.582
Millions |
|
|
|
|
|
Notes:
Of the above 5645811 equity shares are held by
Officine Maccaferri SPA, the Holding company and 10 equity shares are held by Maccaferri Limited
UK which is also subsidiary of Officine Maccaferri SPA
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 |
564.582 |
495.442 |
495.442 |
|
|
2] Share Application Money |
65.100 |
134.240 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(127.458) |
(211.275) |
(159.095) |
|
|
NETWORTH |
502.224 |
418.407 |
336.347 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.160 |
7.679 |
|
|
2] Unsecured Loans |
274.686 |
244.767 |
298.631 |
|
|
TOTAL BORROWING |
274.686 |
244.927 |
306.310 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
776.910 |
663.334 |
642.657 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
248.884 |
240.322 |
280.330 |
|
|
Capital work-in-progress |
2.255 |
5.391 |
5.270 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
1.169 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
214.533
|
131.902
|
127.476
|
|
|
Sundry Debtors |
269.772
|
306.317
|
264.699
|
|
|
Cash & Bank Balances |
36.870
|
40.036
|
88.123
|
|
|
Other Current Assets |
97.145
|
23.255
|
0.872
|
|
|
Loans & Advances |
113.330
|
96.367
|
112.682
|
|
Total
Current Assets |
731.650
|
597.877
|
593.852
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
161.502
|
112.135
|
212.303
|
|
|
Other Current Liabilities |
39.161
|
64.423
|
20.797
|
|
|
Provisions |
5.216
|
3.698
|
1.864
|
|
Total
Current Liabilities |
205.879
|
180.256
|
234.964
|
|
|
Net Current Assets |
525.771
|
417.621
|
358.888
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
776.910 |
663.334 |
645.657 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1261.439 |
1082.040 |
|
|
|
|
Other Income |
34.899 |
18.176 |
|
|
|
|
TOTAL (A) |
1296.338 |
1100.216 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchased of Traded Goods |
214.868 |
228.238 |
|
|
|
|
Raw Material Consumed |
394.540 |
221.000 |
|
|
|
|
Personnel Expenses |
104.073 |
81.385 |
|
|
|
|
Operating and other expenses |
423.292 |
505.540 |
|
|
|
|
Expenses pertains to prior period |
0.814 |
25.933 |
|
|
|
|
(Increase)/Decrease in Finished Goods |
27.832 |
(37.750) |
|
|
|
|
TOTAL (B) |
1165.419 |
1024.346 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
130.919 |
75.870 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
20.138 |
24.409 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
110.781 |
51.461 |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
28.806 |
14.100 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
81.975 |
37.361 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(1.841) |
2.282 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
83.816 |
35.079 |
|
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(211.274) |
(156.094) |
|
|
|
|
|
|
|
|
|
|
Add |
LOSS ACCOUNTED ON
MERGER OF SARGON GEOSYNTHETICS LIMITED, WRONGLY RECOGNIZED AS GOODWILL DURING
EARLIER YEAR |
0.000 |
(90.259) |
|
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(127.458) |
(211.274) |
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export at F.O.B. Value |
114.454 |
71.973 |
50.155 |
|
|
|
Design charges obtained |
18.593 |
15.550 |
11.572 |
|
|
TOTAL EARNINGS |
133.047 |
87.523 |
61.727 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
415.971 |
137.999 |
183.564 |
|
|
|
Trading Goods |
60.816 |
102.778 |
84.064 |
|
|
|
Components and spare parts |
0.564 |
0.695 |
0.000 |
|
|
|
Capital Goods |
3.323 |
26.218 |
32.977 |
|
|
TOTAL IMPORTS |
480.674 |
267.690 |
300.605 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
- Basic |
15.46 |
7.08 |
NA |
|
|
|
- Diluted |
14.37 |
6.38 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.12.2009 |
31.12.2008 |
|
PAT / Total Income |
(%) |
6.47
|
3.19
|
NA
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.50
|
3.45
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.36
|
4.46
|
NA
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.09
|
NA
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.96
|
1.02
|
1.61
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.55
|
3.32
|
2.53
|
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The Registered Office of the company has been shifted from B – 602, Great
Eastern Summit, Part 1, Sector 15, CBD Belapur, Navi Mumbai – 400614,
FIXED ASSETS:
·
Land
·
Building leasehold
·
Plant and machinery
·
Computer
·
Furniture and fixtures
·
Vehicles
·
Office equipments
·
Dies and moulds
·
Leasehold improvements
·
Goodwill
·
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.49.38 |
|
|
1 |
Rs.79.20 |
|
Euro |
1 |
Rs.67.84 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.