BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
ALINA PRIVATE LIMITED |
Principal Name 1 |
Mr. Habib Mirza Altaf Hussain |
|
Status |
MODERATE |
Principal Name 2 |
Dr. Safi Naaz |
|
|
|
Registration # |
18-057229 |
|
Street Address |
No.102/ 106, Sudharshan Plaza, Ii Floor, Velachery Road, Guindy,
Chennai – 600 032, Tamilnadu |
||
|
Established Date |
19.08.2005 |
SIC Code |
-- |
|
Telephone# |
91-44-32466785/ 790 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-45000014 |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Leather |
|
# of employees |
1000 |
Product Name 2 |
Leather Footwear |
|
Paid up capital |
Rs.44,000,000/- |
Product Name 3 |
Small Leather Goods |
|
Shareholders |
Directors
or Relatives of Directors – 100% |
Banking |
State Bank of India |
|
Public Limited Corp. |
NO |
Business Period |
5 Years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
Associates |
Country
|
Company
Name |
Av Thomas Leather Company Limited |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
262,425,000
|
Current Liabilities |
208,745,000
|
|
Inventories |
192,847,000
|
Long-term Liabilities |
148,676,000 |
|
Fixed Assets |
27,355,000 |
Other Liabilities |
--
|
|
Deferred Assets |
-- |
Total Liabilities |
357,421,000 |
|
Invest& other Assets |
1,458,000 |
Retained Earnings |
82,664,000 |
|
|
|
Net Worth |
126,664,000 |
|
Total Assets |
263,883,000 |
Total Liab. & Equity |
484,085,000 |
|
Total Assets (Previous Year) |
332,685,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Total Income |
999,606,000 |
Net Profit |
20,229,000 |
|
Total Income (Previous yr) |
784,163,000 |
Net Profit(Prev.yr) |
16,032,000 |
MIRA INFORM
REPORT
|
Report Date : |
11.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
ALINA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.102/ 106, Sudharshan Plaza, II Floor, Velachery Road, Guindy,
Chennai – 600 032, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.08.2005 |
|
|
|
|
Com. Reg. No.: |
18-057229 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.44.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18104TN2005PTC057229 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEA12949G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA9114P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Leathers. |
|
|
|
|
No. of Employees
: |
1000 (In office – 50, In factory – 950) |
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 : |
USD 426000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered 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 (GENERAL DETAILS)
|
Name : |
Mr. Venkat |
|
Designation : |
Export/ Import Manager |
|
Contact No.: |
91-9840646948 |
LOCATIONS
|
Registered Office/ Factory : |
No.102/ 106, Sudharshan Plaza, II Floor, Velachery Road, Guindy, Chennai
– 600 032, Tamilnadu, India |
|
Tel. No.: |
91-44-32466785/ 790/ 45000014 |
|
Mobile No.: |
91-9840646948 (Mr. Venkat) |
|
Fax No.: |
91-44-45000014 |
|
E-Mail : |
DIRECTORS
AS ON 23.09.2011
|
Name : |
Mr. Habib Mirza Altaf Hussain |
|
Designation : |
Whole Time Director |
|
Address : |
19, |
|
Date of Birth/ Age : |
01.02.1953 |
|
Date of Appointment : |
19.08.2005 |
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 |
U67120TN1976PLC007167 |
A V THOMAS INVESTMENTS CO
LTD |
Director |
06/12/1993 |
06/12/1993 |
- |
Active |
NO |
|
2 |
L15142TN1986PLC012780 |
AVT NATURAL PRODUCTS
LIMITED |
Director |
27/11/1995 |
27/11/1995 |
- |
Active |
NO |
|
3 |
L01117TZ1943PLC000117 |
NEELAMALAI AGRO INDUSTRIES
LIMITED |
Director |
03/03/2000 |
03/03/2000 |
- |
Active |
NO |
|
4 |
U72200TN2000PTC044810 |
AVT INFOTECH PRIVATE
LIMITED |
Director |
25/04/2000 |
25/04/2000 |
- |
Active |
NO |
|
5 |
L01132KL1943PLC000782 |
THE NELLIAMPATHY TEA AND
PRODUCE COMPANY LIMITED |
Director |
27/04/2000 |
27/04/2000 |
- |
Active |
NO |
|
6 |
U91110TN2004PTC053638 |
CONSORTIUM OF SHOE
MANUFACTURERS PRIVATE LIMITED |
Director |
05/07/2004 |
05/07/2004 |
- |
Active |
NO |
|
7 |
U67120TN2005PTC055674 |
AJIT THOMAS HOLDINGS
PRIVATE LIMITED |
Director |
16/03/2005 |
16/03/2005 |
- |
Active |
NO |
|
8 |
U65993TN2005PTC055807 |
MIDLAND CORPORATE ADVISORY
SERVICES PRIVATE LIMITED |
Director |
30/03/2005 |
30/03/2005 |
- |
Active |
NO |
|
9 |
U18104TN2005PTC057229 |
ALINA PRIVATE LIMITED |
Whole-time director |
01/04/2009 |
19/08/2005 |
- |
Active |
NO |
|
10 |
U93090TN1984NPL010934 |
COUNCIL FOR LEATHER
EXPORTS |
Director |
10/01/2007 |
10/01/2007 |
- |
Active |
NO |
|
11 |
U85300DL2008NPL181612 |
National Skill Development
Corporation |
Director |
19/01/2009 |
19/01/2009 |
- |
Active |
NO |
|
Name : |
Dr. Safi Naaz |
|
Designation : |
Director |
|
Address : |
19, |
|
Date of Appointment : |
19.08.2005 |
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 |
U18104TN2005PTC057229 |
ALINA PRIVATE LIMITED |
Director |
19/08/2005 |
19/08/2005 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Venkat |
|
Designation : |
Export/ Import Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Habib Mirza Altaf Hussain |
|
4399000 |
|
|
|
1000 |
|
Total
|
|
4400000 |
AS ON 23.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Leathers. |
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Products : |
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Exports : |
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Products : |
Leathers |
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Countries : |
European Countries, |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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|
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS: (As on 31.03.2011)
|
Particulars |
Actual
Production (In
Sq. ft, Pairs, Nos.) |
|
Leather |
9705795 |
|
Footwear |
128464 |
|
Small Leather Goods |
1143062 |
|
|
|
GENERAL INFORMATION
|
Customers : |
Wholesalers and Exporters |
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No. of Employees : |
1000 (In office – 50, In factory – 950) |
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Bankers : |
State Bank of |
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|
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Facilities : |
* Note 1: Secured by hypothecation of raw materials, semi finished and
finished goods, receivables and other current assets, further secured by collateral
charge on plant and machinery of the company and guaranteed by the Director. * Note 2: Secured by Hypothecation of Vehicle. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Suri and Company Chartered Accountants |
|
Address : |
No.4, Old No.55-A, Chevaliar Sivaji Ganesan Road, Thyagarayanagar,
Chennai – 600017, Tamilnadu, India |
|
|
|
|
Associates Companies : |
v
AV Thomas Leather Company Limited v
AVT Natural Products Limited v
The Nelliampathy Tea and Produce Company Limited v
Neelamalai Agro Industries Limited v
AVT Info-tech Private Limited v
IQ Tech Private Limited v
National Skills Development Corporation v
Consortium of Shoe Manufacturer Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4400000 |
Equity Shares |
Rs.10/- each |
Rs.44.000
millions |
|
|
|
|
|
Note:-
Of the
above shares, 18,50,000 shares with Face
value of Rs,10/- each were alio ted as fully paid-up pursuant to purchase of Allna
- Sole Propritorshlp, without payment being received in cash. Of the above
shares 25,00,000 shares with Face value of Rs.10 each were alloted as fully
paid-up pursuant to conversion of loan from Whole Time Director
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
44.000 |
44.000 |
44.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
82.664 |
62.435 |
46.403 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
126.664 |
106.435 |
90.403 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
148.676 |
88.171 |
101.614 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
148.676 |
88.171 |
101.614 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
275.340 |
194.606 |
192.017 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
27.355 |
25.678 |
26.985 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.458 |
1.142 |
0.658 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
192.847
|
138.981
|
130.234 |
|
|
Sundry Debtors |
142.614
|
85.612
|
117.277 |
|
|
Cash & Bank Balances |
25.581
|
7.215
|
3.907 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
94.230
|
74.057
|
70.420 |
|
Total
Current Assets |
455.272
|
305.865
|
321.838 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
179.700
|
118.796
|
144.436 |
|
|
Other Current Liabilities |
0.345
|
0.836
|
3.343 |
|
|
Provisions |
28.700
|
18.447
|
9.685 |
|
Total
Current Liabilities |
208.745
|
138.079
|
157.464 |
|
|
Net Current Assets |
246.527
|
167.786
|
164.374 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
275.340 |
194.606 |
192.017 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
|
Income |
999.606 |
784.163 |
959.111 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
999.606 |
784.163 |
959.111 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
759.431 |
|
|
|
|
Administrative Expenses |
968.723 |
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
968.723 |
759.431 |
930.291 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
31.306 |
24.732 |
28.820 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
11.077 |
8.700 |
10.424 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
20.229 |
16.032 |
18.396 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
37.435 |
21.403 |
3.007 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
57.664 |
37.435 |
21.403 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports of goods calculated on FOB basis |
452.614 |
378.279 |
478.873 |
|
|
TOTAL EARNINGS |
452.614 |
378.279 |
478.873 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
58.331 |
25.487 |
48.981 |
|
|
|
Stores, Spares and Packing Materials |
5.562 |
1.588 |
4.908 |
|
|
TOTAL IMPORTS |
63.893 |
27.075 |
53.889 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.60 |
3.65 |
8.18 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.02
|
2.04
|
1.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.49
|
7.46
|
8.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.23
|
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.82
|
2.13
|
2.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.18
|
2.22
|
2.04 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office of the company has been shifted fromNo.5, A.B.M. Avenue, Boat Club, Chennai – 600 028, Tamilnadu to the present address w.e.f. 01.04.2008.
FORM 8:
|
Corporate identity number of the company |
U18104TN2005PTC057229 |
|
Name of the company |
ALINA PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
No.102/ 106, Sudharshan Plaza, II Floor, Velachery Road, Guindy,
Chennai – 600 032, Tamilnadu, India E-Mail: varadarajan@alina.firm.in |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of charge holder |
State Bank of India |
|
Nature of instrument creating charge |
1. Supplemental Agreement of Loan for
Increase in the Overall Limit. Form C-1-A 2. Supplemental Agreement of Hypothecation
of Goods and Assets for Increase in the Overall Limit. Form-C-2A 3. Letter regarding the Grant of
Individual Limits within the Overall Limit. Form C-5 |
|
Date of instrument Creating the charge |
28/02/2011 |
|
Amount secured by the charge |
Rs.334.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest As stipulated by the Bank from time to
time. (5% above Bank rate). Margin Raw materials- Domestic/ Imported - 25% Stocks- in- process -25% Finished goods - 25% Any others (specify) stocks and
spares -25% Book debts/ receivables (cover period
90days) - 10% Land and buildings/ plant and
machinery -25% Advance to suppliers Extent and Operation of the charge Extent: The charge extents to the due
repayment of aggregate enhanced credit limit of Rs.250.000 to Rs. 334.000 Millions together with
interest, additional interest, fees, commission, costs, charges, expenses
including legal costs and all other moneys payable by the company from time
to time. Operation: The charge is to operate as
first exclusive charge on all goods, book debts and for the due repayment of enhanced credit
limit of Rs.334.000 Millions. |
|
Short particulars of the property charged |
Hypothecated in favour of all present and
future goods, book- debts and other movable assets. |
|
Date of instrument modifying the charge |
20/07/2010 |
|
Particulars of the present modification |
Nature of Existing Limit Revised Limit (Rs. in Millions) facility EPC/PCFC 110.000 130.000 CC
(60.000) (60.000) FBD(Non-LC) (44.000) (50.000) LC(WC) 40.000 40.000 BG 10.000 10.000 FBD(LC) 50.000 50.000 Standby limit 32.000 46.000 FCL 8.000 8.000 |
|
Corporate
identity number of the company |
U18104TN2005PTC057229 |
|
Name of the
company |
ALINA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No.102/ 106, Sudharshan Plaza, II Floor, Velachery Road, Guindy,
Chennai – 600 032, Tamilnadu, India E-Mail: varadarajan@alina.firm.in |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10107146 |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
State Bank of E-Mail: chitraandco@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
1. Supplemental
Agreement of Loan for Increase in the Overall Limit. Form C-1-A 2. Supplemental
Agreement of Hypothecation of Goods and Assets for Increase in the Overall
Limit. Form-C-2A 3. Letter
regarding the Grant of Individual Limits within the Overall Limit. Form C-5 |
|
Date of
instrument Creating the charge |
26/06/2009 |
|
Amount secured by
the charge |
Rs.223.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: As stipulated by
the Bank from time to time. Terms of
Repayment: As stipulated by
the Bank from time to time. Margin: As stipulated by
the Bank from time to time. Extent and
Operation of the charge: As mentioned in
the Agreements |
|
Short particulars
of the property charged |
1. Hypothecation
of Raw Materials, Semi Finished Goods and Finished Goods, Receivables and other
Current Assets 2. Hypothecation
of present and future unit's machinery |
|
Particulars of
the present modification |
By the present
modification the overall limit has been enhanced to Rs.223.000 millions and
secured by the Current Assets, Stocks such as Raw Materials, Semi Finished
Goods and Finished Goods, Receivables and other Current Assets and
hypothecation of present and future unit's machinery. |
CONTINGENT LIABILITY: (As on 31.03.2010)
v Letter of Credit – Rs.11.334 millions
FIXED ASSETS:
·
Plant and Machinery
·
Computer
·
Motor Vehicles
·
Furniture and Fixture
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.44.54 |
|
|
1 |
Rs.70.93 |
|
Euro |
1 |
Rs.61.81 |
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 |
YES |
|
--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.