MIRA
INFORM REPORT
|
Report Date : |
10.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
SCHOTT GLASS INDIA PRIVATE LIMITED |
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|
|
|
Registered Office : |
Dynasty, A-Wing, 303 and 304, 3rd Floor, Sangam, Theatre,
Andheri – |
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Country : |
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Financials (as on) : |
31.03.2010 |
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|
Date of Incorporation : |
05.12.1997 |
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Com. Reg. No.: |
11 -112295 |
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Capital
Investment / Paid-up Capital : |
Rs. 671.681 Millions |
|
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|
|
CIN No.: [Company
Identification No.] |
U26100MH1997PTC112295 |
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|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BRDS01425E |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
Manufacturer of Neutral Glasses. |
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|
|
No. of Employees
: |
350 (In Office) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3200000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a Schott Group company having moderate track. There appears
to be 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 small business dealings at usual
trade terms and conditions. However, weak financials should be borne in mind. |
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 : |
Ms. Jaya |
|
Designation : |
Sales Assistances |
|
Contact No.: |
91-22-28266100 |
|
Date : |
08.09.2011 |
LOCATIONS
|
Registered Office : |
Dynasty, A-Wing, 303 and 304, 3rd Floor, Opposite Sangam,
Theatre, Andheri – |
|
Tel No.: |
91-22-28266100 / 40947000 |
|
Fax No.: |
91-22-28266097 / 40947001 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory : |
Village-Ankhi, Taluka-Jambusar, District-Bharuch, |
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Tel. No.: |
91-2644-220216/220347 |
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Fax No.: |
91-2644-220227 |
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E-Mail : |
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Location : |
Owned |
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|
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Corporate Office
: |
305, |
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|
Tubing Division: |
2nd Floor, |
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Tel. No.: |
91-265-2334391/2336952 |
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Fax No.: |
91-265-2330982 |
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E-Mail : |
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Website : |
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|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2010
|
Name : |
Mr. Mohan Gajanan Joshi |
|
Designation : |
Director |
|
Address : |
No. 1, Amit Nagar, |
|
Date of Birth : |
31.08.1953 |
|
Date of Appointment : |
19.02.2002 |
|
Din No.: |
00314301 |
|
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 |
|
U26100MH1997PTC112295 |
Schott Glass
India Private Limited |
Whole-time
director |
01-02-07 |
19-02-02 |
- |
Active |
NO |
|
Name : |
Mr. Andres Kurt Adolf Peter Reisse |
|
Designation : |
Director |
|
Address : |
Amberger Str, 91 B, |
|
Date of Birth/Age : |
20.04.1961 |
|
Date of Appointment : |
19.02.2002 |
|
Din No.: |
01531131 |
|
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 |
|
U26100MH1997PTC112295 |
Schott Glass
India Private Limited |
Director |
19-02-02 |
19-02-02 |
10-02-11 |
Active |
NO |
|
U26100MH1994PTC083938 |
Schott Kaisha Private
Limited |
Director |
13-12-10 |
13-12-10 |
- |
Active |
NO |
|
Name : |
Mr. Laetsch Stefan Andreas |
|
Designation : |
Additional Director |
|
Address : |
Novel Century, Tower 11 and 12, Lane 81, Xing Geng Road, Xuhut
District, Shangai – 200030 |
|
Date of Birth : |
04.08.1963 |
|
Date of Appointment : |
18.05.2010 |
|
Din No.: |
03067795 |
|
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 |
|
U26100MH1997PTC112295 |
Schott Glass
India Private Limited |
Director |
29-09-10 |
18-05-10 |
- |
Active |
NO |
|
Name : |
Mr. Nieraad Heinz Thomas |
|
Designation : |
Director |
|
Address : |
Zur Hark 22, D-65719, |
|
Date of Birth : |
09.06.1962 |
|
Date of Appointment : |
16.04.2005 |
|
Din No.: |
00711314 |
|
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 |
|
U26100MH1997PTC112295 |
Schott Glass
India Private Limited |
Director |
16-04-05 |
16-04-05 |
07-12-10 |
Active |
NO |
|
Name : |
Mr. Hans Peter Karpenstein |
|
Designation : |
Director |
|
Address : |
Goodwood Park-Parklane Suite Apartment |
|
Date of Birth/Age : |
11.05.1962 |
|
Date of Appointment : |
01.01.2008 |
|
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 |
|
U26100MH1997PTC112295 |
Schott Glass
India Private Limited |
Director |
26-09-08 |
01-01-08 |
18-05-10 |
Active |
NO |
|
Name : |
Mr. Supransu Banerjee |
|
Designation : |
Director |
|
Address : |
Anmol Flats, |
|
Date of Birth/Age : |
28.05.1961 |
|
Date of Appointment : |
13.11.2008 |
|
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 |
|
U26100MH1997PTC112295 |
Schott Glass India
Private Limited |
Director |
29-09-09 |
13-11-08 |
- |
Active |
NO |
KEY EXECUTIVE
|
Name : |
Ms. Taya |
|
Designation : |
Sales Assistant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2010
|
Names of Equity Shareholders |
|
No. of Shares |
|
Schott Glaswerke Beteilignngs GmbH, (Germany) Holdings |
|
67167768 |
|
Schott A. G. ( |
|
1 |
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|
|
|
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Total |
|
67167769 |
As on 29.09.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
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|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Neutral Glasses. |
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Products : |
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Exports : |
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Countries : |
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Imports : |
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Products : |
Raw Material Capital |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit (30 days) |
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Purchasing : |
Cash, Credit (30 days) |
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
Actual
Production |
|
Electricity |
KWH |
952 |
|
Natural gas |
SCM |
201 |
|
LPG |
KG |
042 |
|
Furnance Oil |
LTR |
383 |
|
LNG |
MT |
239 |
GENERAL INFORMATION
|
No. of Employees : |
350 (In Office) (Approximately) |
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Bankers : |
·
The Hongkong and Shanghai Bank Corporation
Limited, 52/60, ·
The Hongkong and Shanghai Bank Corporation Limited,
Network Service Centre, Sudam Kalu Ahire Marg, Worli, Mumbai – 400 025, ·
Deutsche Bank, Hazarimal Somani Marg,
Fort, Mumbai-400001, · HDFC Bank Limited |
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Facilities : |
*Shot Term Loans includes Term Loan from IDBI Bank Rs. 170.000 Millions (2009 : Rs.130.000 millions) and Term Loan from BNP Paribas Bank Rs.690.000 millions ** Other Loans include a) Term Loan from Deutsche Bank Rs.181.860 millions (2009 : Rs.181860 millions) where Corporate Guarantee has been issued by Schott AG (formerly known as Schott Spezialglas GmbH, Germany and Promissory Note issued by the Company in the favor of the banks. B) External Commercial Borrowing taken from Schott Glaswerke Beteilings Rs.320.811 millions (2009 : Rs.191.269 millions)and from Schott AG for Rs.6.123 millions (2009 : Rs. 147.347 millions) 9Repayable in year 2010-11) c) for issue of Bond Rs.0.457 millions (2009 : Rs.0.600 millions) ** Overdraft with Banks includes IIDFC overdraft balance of Rs.Nil ( 2009 : Rs.18.769 millions). Deutsche Bank overdraft balance of Rs.nil (2009 : Rs.101.857 millions)and BNP Paribas Bank of Rs.nil (2009 Rs.0.448 million) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
BSR and Company Chartered Accountants |
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Address : |
Lodha Excellus, 1st Floor, Apollo Mills Compound, N M Joshi
Marg, Mahalakshmi, Mumbai – 400011, |
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Tel No.: |
91-22-3889600 |
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Fax No.: |
91-22-39836000 |
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Holding Company : |
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Ultimate Holding Company: |
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Fellow Subsidiaries : |
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CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
69990000 |
Equity Shares |
Rs. 10/- each |
Rs. 699.900 millions |
|
10000 |
Preference Share |
Rs. 10/- each |
Rs. 0.100 million |
|
|
|
|
|
|
|
Total
|
|
Rs.
700.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
67167769 |
Equity Shares |
Rs. 10/- each |
Rs.671.677 millions |
|
348 |
Preference Share |
Rs. 10/- each |
Rs. 0.003 million |
|
|
|
|
|
|
|
Total |
|
Rs. 671.681 Millions |
Of the above:
- a) 67,167,768 (2009 48.330,999) equity shares
fully paid up arc held by Schott Glaswerkc Beteiligungs GMBH the holding
company
- b) I (2009 1) equity shares fully paid up
is held by Schon AG)
- 348 (2009 : 357) redeemable non
cumulative non voting preference share of Rs. 10 each fully paid up we held
by the employees
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 |
671.681 |
483.373 |
483.373 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
255.706 |
200.714 |
200.663 |
|
|
4] (Accumulated Losses) |
(126.991) |
(67.321) |
[194.432] |
|
|
NETWORTH |
800.396 |
616.766 |
489.604 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
32.503 |
|
|
2] Unsecured Loans |
1369.330 |
1462.152 |
682.312 |
|
|
TOTAL BORROWING |
1369.330 |
1462.152 |
714.815 |
|
|
DEFERRED TAX LIABILITIES |
62.696 |
55.043 |
98.915 |
|
|
|
|
|
|
|
|
TOTAL |
2232.422 |
2133.961 |
1303.334 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1512.064 |
1606.146 |
846.529 |
|
|
Capital work-in-progress |
0.000 |
210.226 |
207.813 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
270.127
|
234.126
|
166.027
|
|
|
Sundry Debtors |
380.960
|
299.008
|
317.668
|
|
|
Cash & Bank Balances |
82.069
|
48.333
|
18.988
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
315.675
|
285.240
|
109.915
|
|
Total
Current Assets |
1048.831
|
866.707
|
612.598
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
297.598
|
510.173
|
333.511
|
|
|
Other Liabilities |
10.415
|
20.006
|
14.484
|
|
|
Provisions |
20.460
|
18.939
|
15.611
|
|
Total
Current Liabilities |
328.473
|
549.118
|
363.606
|
|
|
Net Current Assets |
720.358
|
317.589
|
248.992
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2232.422 |
2133.961 |
1303.334 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
1495.138 |
1408.131 |
1073.301 |
|
|
|
Other Income |
|
113.819 |
40.608 |
|
|
|
TOTAL (A) |
1495.138 |
1521.950 |
1113.909 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Cost |
|
207.939 |
155.628 |
|
|
|
Increased / Decreased in Stocks |
|
(42.534) |
97.539 |
|
|
|
Personal Cost |
1558.496 |
129.655 |
90.266 |
|
|
|
Other Expenditure |
|
845.893 |
581.849 |
|
|
|
Prior Period Item |
|
1.835 |
[8.876] |
|
|
|
TOTAL (B) |
1558.496 |
1142.788 |
916.406 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(63.358) |
379.162 |
197.503 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
125.439 |
46.441 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(63.358) |
253.723 |
151.062 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
157.055 |
85.085 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(63.358) |
96.668 |
65.975 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(3.687) |
(30.499) |
43.590 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(59.670) |
127.167 |
22.385 |
|
|
|
|
|
|
|
|
|
Less |
TRANSFER FROM
BOND REDEMPTION RESERVE |
NA |
0.050 |
(0.188) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
(194.432) |
(217.005) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
(67.320) |
(194.433) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
382.923 |
438.938 |
318.761 |
|
|
|
Commission Earnings |
34.780 |
54.872 |
25.261 |
|
|
|
Other Earnings |
129.957 |
22.189 |
17.764 |
|
|
TOTAL EARNINGS |
547.660 |
515.999 |
361.786 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
91.763 |
122.559 |
53.592 |
|
|
|
Stores & Spares |
19.408 |
3.211 |
17.927 |
|
|
|
Capital Goods |
79.892 |
494.855 |
97.015 |
|
|
|
Others |
21.365 |
46.516 |
27.930 |
|
|
TOTAL IMPORTS |
212.428 |
667.141 |
196.465 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.23) |
2.63 |
0.46 |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
1500.000 |
|
|
|
|
|
The above information has been parted by Ms. Jaya.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(3.99) |
8.35
|
2.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
-- |
6.86
|
6.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.47) |
3.90
|
4.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.07) |
0.15
|
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.12 |
3.26
|
2.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.19 |
1.57
|
1.68 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS :
(Rs. In Millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
Micro, Small and Medium Enterprises |
7.801 |
6.691 |
3.091 |
|
Other Creditors |
289.796 |
503.481 |
330.419 |
|
|
|
|
|
|
Total |
297.598 |
510.173 |
333.511 |
Form 8:-
|
Name of the company |
SCHOTT GLASS
INDIA PRIVATE LIMITED |
|
Presented By |
The Hongkong and
Shanghai Bank Corporation Limited And Schott Glass Private Limited |
|
Date and description of instrument creating the change |
19.03.1999 Instrument of
hypothecation of vehicle |
|
Amount secured by the charge/amount owing on the securities of charge |
Rs. 0.407 million |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of
brand new vehicle, namely Maruti Esteem bearing Chasis No. 238512, Engine No.
604111 and Registration No. MHOI8938 |
|
Gist of the terms and conditions and extent and operation of the charge. |
a) The borrower shall repay the said loan of
Rs. 0.407 million by 48 equal monthly installments of Rs. 0.012 millions each
the first of such installment bearing payable
on the day of 01.10.1998 and the subsequent installments being payable
on the day of each succeeding month / quarter until entire loan is repaid in
full. b) The borrower shall pay all rents, taxes,
rates and outgoings in respect of the premises in which the hypothecated
article is or may be garaged and also all taxes, license, duties, fees,
registration and other charges payable in respect of the hypothecated
article. c) The Borrower shall at his own expense keep
the hypothecated article insured against all such risks as may be required by
law and also against all such further
and other risks as the Bank shall from time to time require for the full
amount required by the bank. d) The borrower shall pay interests on the
loan amount @ 16.5% p.a every moth/or
by quarterly payments on the 31st
March, 30th June, 30th September and 31st
December in each year or at any other
rate of interest as communicated by the bank from time to time. |
|
Name and Address and description of the person entitled to the charge. |
The Hongkong and Shanghai Bank Corporation Limited, Network Service
Centre, Sudam Kalu Ahire Marg, Worli, Mumbai – 400 025, |
Fixed Assets
- Computer
Software
- Guest House
(Factory)
- Plant and
Machinery
- Furniture and
Fixtures
- Leasehold
Improvements
- Vehicles
- Office
Equipments
TRADE
REFERENCES:
- Indian Oil Corporation
- GAIL
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. 46.38 |
|
|
1 |
Rs. 74.00 |
|
Euro |
1 |
Rs. 64.48 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.