1. Summary Information
|
|
|
Country |
India |
|
Company Name |
STARION INDIA
PRIVATE LIMITED |
Principal Name 1 |
Mr. Hyun Gyung Choi |
|
Status |
Moderate |
Principal Name 2 |
Mr. Hyun Bae Cho |
|
|
|
Registration # |
|
|
Street Address |
E-64, Vasant
Marg, Vasant Vihar, New Delhi-110014, Delhi, India |
||
|
Established Date |
11.07.2001 |
SIC Code |
-- |
|
Telephone# |
91-120-2351109 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-120-2351110 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Evaporator Assembly |
|
|
# of employees |
Not Available |
Product Name 2 |
Heat Exchanger |
|
Paid up capital |
Rs. 304,889,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 100.00% |
Banking |
Import Export Bank of Korea |
|
Public Limited Corp. |
No |
Business Period |
10 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
Korea
|
Sunghchull Manufacturing Company Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
383,477,000 |
Current Liabilities |
421,522,000 |
|
Inventories |
146,411,000 |
Long-term Liabilities |
552,865,000 |
|
Fixed Assets |
906,866,000 |
Other Liabilities |
5,650,000 |
|
Deferred Assets |
0 |
Total Liabilities |
980,037,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
151,828,000 |
|
|
|
Net Worth |
456,717,000 |
|
Total Assets |
1,436,754,000 |
Total Liab. & Equity |
1,436,754,000 |
|
Total Assets (Previous Year) |
1102,651,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
2,547,959,000 |
Net Profit |
249,032,000 |
|
Sales(Previous yr) |
1,419,524,000 |
Net Profit(Prev.yr) |
(141,409,000) |
MIRA
INFORM REPORT
|
Report Date : |
17.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
STARION INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office : |
E-64, Vasant Marg, Vasant Vihar, New Delhi-110014, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
11.07.2001 |
|
|
|
|
Com. Reg. No.: |
55-111632 |
|
|
|
|
Paid-Up Capital : |
Rs. 304.889 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U31909DL2001PTC111632 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELS15111F |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacturer of Evaporator Assembly, Heat Exchanger. |
|
|
|
|
No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1800000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Sungchull Manufacturing Company Limited. It
is an established company having moderate track. Trade relations are reported
as fair. Business is active. Payments are reported to be slow. 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 – 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 |
LOCATIONS
|
Registered Office : |
E-64, Vasant Marg, Vasant Vihar, New Delhi-110014, |
|
Tel. No.: |
91-120-2351109 |
|
Fax No.: |
91-120-2351110 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administrative Office: |
Plot No. A-6/1, MIDC, Ranjangaon Taluka, Shirur, Pune-412 220, |
|
Tel. No.: |
91-121-38672009 |
|
Fax No.: |
91-121-38660785 |
|
|
|
|
Factory : |
S-331, |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Hyun Gyung Choi |
|
Designation : |
Managing Director |
|
Address : |
E-64, Vasant Marg, Vasant Vihar, New Delhi-110014, |
|
Date of Birth/Age : |
01.12.1957 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.01.2007 |
|
DIN No. : |
01337049 |
Other
Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U31909DL2001PTC111632 |
Starion
India Private Limited |
Managing
director |
1.01.2007 |
1.01.2007 |
Active |
NO |
|
Name : |
Mr. Hyun Bae Cho |
|
Designation : |
Director |
|
Address : |
Shree Girdhar Apartment, Flat No. 301 A and B, Off Mangal Survey Plot
No. 473, Pune-411001, |
|
Date of Birth/Age : |
08.03.1965 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.01.2008 |
|
DIN No. : |
02053863 |
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 |
U31909DL2001PTC111632 |
Starion
India Private Limited |
Director |
30.09.2008 |
1.01.2008 |
25.07.2011 |
Active |
NO |
|
Name : |
Mr. Hyunsoo Kim |
|
Designation : |
Director |
|
Address : |
D-125, Second Floor, Anand Niketan, New Delhi-110021, |
|
Date of Birth/Age : |
14.10.1967 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.09.2008 |
|
DIN No. : |
02221725 |
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 |
U31909DL2001PTC111632 |
Starion
India Private Limited |
Director |
30.09.2008 |
1.09.2008 |
25.07.2011 |
Active |
NO |
|
Name : |
Gil Je Park |
|
Designation : |
Additional Director |
|
Address : |
Sc2/604, Sea Cout Apartment, G Block Jay Pee Greens, Surajpur Kasna
Road, Nodia – 201306, Uttar Pradesh, India |
|
Date of Birth/Age : |
16.09.1962 |
|
Date of Appointment : |
31.08.2010 |
|
DIN No. : |
03275771 |
Other
Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U31909DL2001PTC111632 |
Starion
India Private Limited |
Director |
30.09.2010 |
31.08.2010 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Shamsher Sigh |
|
Designation : |
Secretary |
|
Address : |
C-10-5, |
|
Date of Birth/Age : |
07.02.1972 |
|
Date of Appointment : |
18.05.2009 |
|
Pan No. : |
AOAPS5954B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Sunghull Manufacturing Company Limited – |
|
17915456 |
|
Kiwon Company Limited – |
|
11715756 |
|
Starion Company Limited – |
|
810200 |
|
Jung Won Jan |
|
47500 |
|
Total |
|
30488912 |
As on 30.09.2010
|
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 of Evaporator Assembly, Heat Exchanger. |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
|
|
Unit |
Installed
Capacity |
|
Evaporator |
|
|
Nos |
2000000 |
|
Trey Drip |
|
|
Nos |
500000 |
|
Moulding Item |
|
|
|
|
|
Inner Tub |
|
|
Nos |
360000 |
|
S D Basket |
|
|
Nos |
750000 |
|
Fan |
|
|
Nos |
-- |
|
Others- Pulsator |
|
|
Nos |
1500000 |
|
Tv/Monitor Cover |
|
|
Nos |
648000 |
|
Abs Sheet |
|
|
Nos |
1500000 |
|
Door Liner |
|
|
Nos |
1500000 |
|
Pipe Line |
|
|
|
|
|
Wire Condensor |
|
|
Nos |
720000 |
|
Hot Pipe/Bp Pipe |
|
|
Nos |
2500000 |
|
Heat Exchanger/Eva |
|
|
Nos |
576000 |
|
Parts of Mobiles |
|
|
Nos |
192000000 |
|
Washing Machine |
|
|
Nos |
450000 |
|
Washing Machine Kit |
|
|
Nos |
250000 |
|
Blower |
|
|
Nos |
500000 |
|
Fan |
|
|
Nos |
500000 |
|
Front Grill Assem |
|
|
Nos |
400000 |
|
Base |
|
|
Nos |
1750000 |
|
Bezel |
|
|
Nos |
7500000 |
|
Bottom |
|
|
Nos |
7000000 |
|
Door |
|
|
Nos |
9000000 |
|
Cabinet |
|
|
Nos |
9000000 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
Note: Loan repayable within one year Rs. 451.400 millions (previous year Rs.
611.400 millions) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
T. R. Chadha and Company Chartered Accountants |
|
Address : |
B -30, |
|
Tel. No.: |
91-11-43259900 |
|
Fax No.: |
91-11-43259930 |
|
E-mail : |
|
|
Pan No. : |
AAAFT1655Q |
|
|
|
|
Fellow Subsidiaries : |
|
|
|
|
|
Holding Company : |
|
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Share |
Rs.10/- Each |
Rs. 350.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30488912 |
Equity Share |
Rs.10/- Each |
Rs. 304.889
Millions |
|
|
|
|
|
Note:
Out of above 17915456 shares (Py 17915456) are
held by Sungchull Manufacturing Company,
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 |
304.889 |
304.889 |
304.889 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
151.828 |
0.000 |
44.205 |
|
|
4] (Accumulated Losses) |
0.000 |
(97.204) |
0.000 |
|
|
NETWORTH |
456.717 |
207.685 |
349.094 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.698 |
0.000 |
479.640 |
|
|
2] Unsecured Loans |
552.167 |
626.553 |
0.000 |
|
|
TOTAL BORROWING |
552.865 |
626.553 |
479.640 |
|
|
DEFERRED TAX LIABILITIES |
5.650 |
3.662 |
7.391 |
|
|
|
|
|
|
|
|
TOTAL |
1015.232 |
837.900 |
836.125 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
906.866 |
717.690 |
671.408 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
15.940 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
146.411
|
95.462
|
96.018 |
|
|
Sundry Debtors |
148.497
|
136.074
|
154.315 |
|
|
Cash & Bank Balances |
88.248
|
66.984
|
72.393 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
146.732
|
86.441
|
65.747 |
|
Total
Current Assets |
529.888
|
384.961
|
388.473 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
327.292
|
243.644 |
223.407 |
|
|
Other Current Liabilities |
19.953
|
16.044
|
9.606 |
|
|
Provisions |
74.277
|
5.063
|
6.683 |
|
Total
Current Liabilities |
421.522
|
264.751
|
239.696 |
|
|
Net Current Assets |
108.366
|
120.210
|
148.777 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1015.232 |
837.900 |
836.125 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2547.959 |
1419.524 |
1143.082 |
|
|
|
Other Income |
110.838 |
1.646 |
52.006 |
|
|
|
TOTAL |
2658.797 |
1421.170 |
1195.088 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
2186.098 |
1454.148 |
1057.845 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
472.699 |
(32.978) |
137.243 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
135.700 |
104.350 |
96.857 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
336.999 |
(137.328) |
40.386 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
87.967 |
4.081 |
28.369 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
249.032 |
(141.409) |
12.017 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(97.204) |
44.205 |
|
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
151.828 |
(97.204) |
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2.561 |
0.308 |
|
|
|
TOTAL EARNINGS |
2.561 |
0.308 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
459.844 |
215.469 |
|
|
|
|
Stores & Spares |
8.365 |
2.831 |
|
|
|
|
Capital Goods |
190.663 |
99.401 |
|
|
|
TOTAL IMPORTS |
658.872 |
317.701 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8 |
(5) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
9.37
|
(9.95) |
1.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.23
|
(9.67) |
3.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.46
|
(12.45) |
3.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.74
|
(0.66) |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.13
|
4.29 |
2.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.45 |
1.62 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The Registered
Office of the company has been shifted from
Working:
The Company have achieved a
turnover of Rs.2547.900 millions during the year as against Rs. 1419.500
millions during the last financial year. The Directors expect to do achieve
much better growth in business in the year to follow. The Company had a profit after
tax of Rs. 249.032 millions during the current year as against loss of Rs.
141.409 millions
Form : 8
Bankers Charges
Report as per Registry
|
Name of the
company |
STARION INDIA PRIVATE LIMITED |
|
Presented By |
Chinatrust Commercial Bank , 21-A, Janpath, |
|
1) Date and
description of instrument creating the change |
Deed of
hypothecation of fixed assets dated 09.03.2004, Deed of hypothecation of
current overdraft dated 09.03.2004 and Agreement for overdraft dated
09.03.2004. |
|
2) Amount secured
by the charge/amount owing on the securities of charge |
Rs. 35.000
millions |
|
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 |
Exclusive first
charge on the following: a) Entire present
and future movable fixed assets of the company. b) All present
and future current assets of the company. |
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
The above is to secure an overdraft limit of Rs. 35.000 millions
granted to the company. Interest is charge is to be charged @ 11% per annum payable monthly
with a penal Interest of 2 % per annum over and above the Interest rate
charged in the account, in case of default. Margin: As may be stipulated by the bank from time to time. Payable on Demand |
|
5) Name and
Address and description of the person entitled to the charge. |
China Trust Commercial Bank, 21-A, Janpath, |
|
6) Date and brief description of instrument
modifying the charge |
First
supplementary deed of Hypothecation dated 24.05.2004 and first supplementary
overdraft agreement dated 24.05.2004 |
|
7) Particulars of
modifications specifying the terms and conditions or the extent of operations
of the charge in which modification is made and the details of the
modification. |
The exclusive
first charge on entire present and future moveable fixed assets and current
assets of the company stands enhanced from Rs. 35.000 Millions to Rs. 39.500
Millions to secure all of Rs. 39.500 Millions granted to the company together
with all interest, costs, charges, expenses etc. Other terms and
conditions remained the same. |
|
Corporate
identity number of the company |
U31909DL2001PTC111632 |
|
Name of the
company |
STARION INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
E-64, Vasant Marg, Vasant Vihar, New Delhi-110014, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Shinhan Bank, Mercantile House, Upper Ground Floor, 15, Kasturba Gandhi
Marg, New Delhi-110001, Email ID: shbdb@vsnl.net |
|
Nature of
instrument creating charge |
Declaration Cum
Confirmation Deed Evidencing
Deposit Of Title Deeds
To Create Equitable
Mortgage With The
Bank On 23.11.2010 . |
|
Date of
instrument Creating the charge |
24.11.2010 |
|
Amount secured by
the charge |
Rs. 240.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest -
As per agreement. Terms of
Repayment - As per agreement. Margin - As per
agreement. Extent and
Operation of the charge - Extent and Operation - 100% |
|
Short particular
of the property or asset(s) charged |
Equitable mortgage
by way of first charge over company's immovable property i.e. Industrial plot
bearing no. 11, sector-udyog kendra, greater noida industrial development
area, district gautam budh nagar, u.p., admeasuring 19,980 sq. mtrs. together
with all buildings and structures thereon or to be thereon. |
Fixed Assets
- Land (Lease Hold)
- Plant and Machinery
- Vehicles
- Computers
- Office Equipments
- Furniture and Fixture
- Tools
- Electrical Installation
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. 47.47 |
|
|
1 |
Rs. 74.96 |
|
Euro |
1 |
Rs. 65.79 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.