MIRA
INFORM REPORT
|
Report Date : |
18.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
LOUIS DREYFUS COMMODITIES INDIA PRIVATE
LIMITED (w.e.f. 22.12.2006) |
|
|
|
|
Formerly Known
As : |
LOUIS DREYFUS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
RNM Centre, 68/2, Janpath, New Delhi-110001 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.06.1997 |
|
|
|
|
Com. Reg. No.: |
55-126131 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.69.594
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL1997PTC126131 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELL01598C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL7361E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading in
agricultural commodities, manufacturing comprising processing of edible oils,
cotton and coffee and services comprising rendering BPO and commission
services. |
|
|
|
|
No. of Employees
: |
Not Available |
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 2100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
The latest financial are not made available. As per previous year’s record,
the financial condition of the company appears to be good. Trade relations
are reported as decent. Business is active. Payment terms are usually
correct. The company can be considered normal 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
RNM Centre, 68/2, Janpath, New Delhi-110001, India |
|
Tel. No.: |
91-124-4625660 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
648/L, 3rd Floor, 1st Main, Indiranagar, |
|
Tel. No.: |
91-80-40437700 |
|
Fax No.: |
91-80-40437729 |
|
|
|
|
Factory : |
Survey No. 310/2/B, 312/B, 314/1/B, Village Bhimasar, Anjar, Kutch –
310160, |
|
Tel. No.: |
91-2836-285265 |
|
Fax No.: |
91-2836-285267 |
|
|
|
|
Branch Office : |
8th Floor Tower, A Building No. 5, DLF Cyber City, DLF Phase
III, Gurgaon, Haryana, India |
|
Tel. No.: |
91-124-4625600 |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Thirumalai Anandanpillai Kishen |
|
Designation : |
Director |
|
Address : |
M 9/36A, DLF City II, Gurgaon-122002, Haryana, India |
|
Date of Birth/Age : |
14.11.1965 |
|
Date of Appointment : |
12.11.2007 |
|
Din No.: |
00057649 |
|
|
|
|
Name : |
Mr. Govind Ambady |
|
Designation : |
Director |
|
Address : |
Flat No. 5/55, Mayfair Gardens, New Delhi110016, India |
|
Date of Birth/Age : |
29.05.1964 |
|
Date of Appointment : |
12.11.2007 |
|
Din No.: |
00057621 |
|
|
|
|
Name : |
Chng Boon Tan |
|
Designation : |
Director |
|
Address : |
75, Huddington Avenue, Singapore Pin Code 557657 |
|
Date of Birth/Age : |
20.04.1961 |
|
Date of Appointment : |
04.07.197 |
|
Din No.: |
00389742 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Aggarwal |
|
Designation : |
Secretary |
|
Address : |
A 75/II, DDA Residential Area, Naraina Vihar, New Delhi-110028, India |
|
Date of Birth/Age : |
01.11.1962 |
|
Date of Appointment : |
17.10.2008 |
|
Pan No.: |
AAAPA1391C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Louis Dreyfus Commodities Asia Pte Limited, Singapore |
|
6959393 |
|
Louis Dreyfus Commodities BV, Netherland |
|
1 |
|
|
|
|
|
TOTAL
|
|
6959394 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in agricultural
commodities, manufacturing comprising processing of edible oils, cotton and
coffee and services comprising rendering BPO and commission services. |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Installed
Capacity * |
|
Refined Oils |
MT |
300000 |
|
Hydrogenated Oils |
MT |
60000 |
NOTE:
*Installed capacity has been certified by the management and relied on by
the auditors being a technical matter and are on annual basis.
** The processing of coffee and raw cotton is undertaken by contract
manufacturers on tolling basis for the Company and hence the installed and
licensing capacity disclosures not applicable.
ACTUAL PRODUCTION:
|
Particulars |
Unit |
Production |
|
Refined Oils |
MT |
116203 |
|
Hydrogenated Oils |
MT |
1378 |
|
Clean Coffee* |
MT |
569 |
|
Crude Oil* |
MT |
160 |
|
Cotton* |
MT |
1253 |
|
Seed Extractions (DOC)* |
MT |
1603 |
|
Realizable by-products |
MT |
19929 |
|
* Represents quantities produced by contract
manufacturers for the Company |
||
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Not Available |
||||||||||||||||||
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|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Tower B, Building No. 10, |
|
PAN No: |
AABFD2095B |
|
|
|
|
Holding Company : |
Louis Dreyfus Commodities Pte. Limited |
|
|
|
|
Ultimate Holding Company : |
Louis Dreyfus Commodities B.V |
|
|
|
|
Associates : |
Louis Dreyfus Commodities Suisse S.A |
|
|
|
|
Fellow Subsidiaries : |
·
Louis Dreyfus
Commodities Espana SA (formerly Known as Coffee Agency SA) ·
Louis Dreyfus
Commodities Trading Company ·
Louis Dreyfus
Commodities S.A.S ·
Louis Dreyfus
Corporation ·
Louis Dreyfus
Commodities (Proprietary) Limited ·
Alberg Cotton Co. ·
Louis Dreyfus
Commodities Kenya Limited ·
Louis Dreyfus
Commodities Argentina S.A. ·
Louis Dreyfus
Commodities Australia Pty Limited ·
Louis Dreyfus
Commodities Brasil SA ·
Term Commodities Inc ·
Louis Dreyfus
Commodities MEA Trading DMCC. ·
Louis Dreyfus
Commodities Coffee Merchandising LLC ·
Louis Dreyfus
Commodities Vietnam Limited ·
Louis Dreyfus
Commodities Distribution SAS |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6959394 |
Equity Shares |
Rs.10/- each
|
Rs.69.594
Millions |
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 |
69.594 |
69.594 |
69.593 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
456.066 |
407.684 |
393.230 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(30.664) |
|
|
NETWORTH |
525.660 |
477.278 |
432.159 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
8554.160 |
2991.501 |
620.656 |
|
|
TOTAL BORROWING |
8554.160 |
2991.501 |
620.656 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
9079.820 |
3468.779 |
1052.815 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1137.248 |
1073.669 |
887.036 |
|
|
Capital work-in-progress |
148.507 |
31.645 |
147.618 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.106 |
0.106 |
0.020 |
|
|
DEFERREX TAX ASSETS |
20.237 |
46.033 |
33.958 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9764.210
|
5613.192
|
775.107
|
|
|
Sundry Debtors |
1148.240
|
700.104
|
409.626
|
|
|
Cash & Bank Balances |
215.299
|
82.310
|
52.781
|
|
|
Other Current Assets |
89.155
|
76.687
|
0.000
|
|
|
Loans & Advances |
1224.184
|
632.860
|
283.938
|
|
Total
Current Assets |
12441.088
|
7105.153
|
1521.452 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
681.487
|
606.458
|
234.559
|
|
|
Other Current Liabilities |
3959.218
|
4165.782
|
1281.999
|
|
|
Provisions |
26.661
|
15.587
|
20.711
|
|
Total
Current Liabilities |
4667.366
|
4787.827
|
1537.269
|
|
|
Net Current Assets |
7773.722
|
2317.326
|
(15.817)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
9079.820 |
3468.779 |
1052.815 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
31353.000 |
19216.798 |
13215.187 |
|
|
|
Other Income |
NA |
765.641 |
410.751 |
|
|
|
TOTAL (A) |
NA |
19982.439 |
13625.938 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material consumed and purchase for resale |
|
18787.666 |
11998.078 |
|
|
|
Personnel expenses |
|
214.002 |
159.835 |
|
|
|
Manufacturing and other expenses |
|
796.073 |
1359.270 |
|
|
|
TOTAL (B) |
NA |
19797.741 |
13517.183 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
184.698 |
108.755 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
85.591 |
218.932 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
99.107 |
(110.177) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
66.097 |
51.365 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
73.770 |
33.010 |
(161.542) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
25.390 |
(12.109) |
(18.453) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
48.380 |
45.119 |
(143.089) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
(30.665) |
81.364 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
0.000 |
(31.060) |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
14.454 |
(30.665) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export sales (FOB basis) |
5663.081 |
3633.249 |
|
|
|
|
Income from service charges |
83.584 |
104.118 |
NA |
|
|
|
Profit on contract cancellation |
0.000 |
228.777 |
|
|
|
|
Others |
0.204 |
2.816 |
|
|
|
TOTAL EARNINGS |
5746.869 |
3968.960 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
4254.459 |
|
|
|
|
|
Stores & Spares |
4108.159 |
27.413 |
NA |
|
|
|
Capital Goods |
18.016 |
0.000 |
|
|
|
|
Traded Goods |
6.223 |
2.019 |
|
|
|
TOTAL IMPORTS |
8386.857 |
209.567 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
6.95 |
6.48 |
(37.01) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.23
|
(1.05) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.23
|
0.17
|
(1.22) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.54
|
0.40
|
(6.71) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.07
|
(0.37) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
25.15
|
16.30
|
4.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.67
|
1.48
|
0.99 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE: The registered
office of the company has been shifted from G- 9, Pratap Bhavan, 5, Bahadurshah
Zafar Marg, New Delhi- 110002, India to the present address w.e.f. 01.05.2012.
BACKGROUND:
Subject, one of
the worlds commodity merchants and processors of agricultural products, has
merchandised and traded bulk soft commodities in international markets since
1851. Subject is controlled by the Louis Dreyfus Group. Subject is a supplier
of a range of agricultural commodities integrated from origin to destination. With
strong positions at the origination and the distribution ends of the value
chain, supported by strategic fixed assets, logistic and risk management, the
Group has reached a global positioning and diversification to manage the
commodities cycle. The Company was incorporated in on June 19, 1997 under the
name Louis Dreyfus India Private Limited which was subsequently changed to
Louis Dreyfus Commodities India Private Limited on December 22, 2006. The
Company is into trading of agricultural commodities like wheat, cotton, maize,
coffee, sugar, oil and seeds and manufacturing / processing of edible oils and
coffee.
FIXED ASSETS
- Land
- Leasehold
Improvements
- Equipments
- Motor
Vehicles
- Computers
- Plant and
Machinery
- 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 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 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.54.63 |
|
|
1 |
Rs.88.40 |
|
Euro |
1 |
Rs.71.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.