1. Summary Information
|
|
|
Country |
India |
|
Company Name |
PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Tapas
Kumar Mukherjee |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Bernd
Edgar Kuesel |
|
|
|
Registration # |
21-087713 |
|
Street Address |
|
||
|
Established Date |
11.08.1998 |
SIC Code |
-- |
|
Telephone# |
91-33-25898266 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-33-25898681 |
Business Style 2 |
Designers |
|
Homepage |
Product Name 1 |
Textile
Conveyor Belt |
|
|
# of employees |
Not Available |
Product Name 2 |
Steel Cord
Conveyor Belt |
|
Paid up capital |
Rs.459,349,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 100% |
Banking |
Deutsche Bank |
|
Public Limited Corp. |
NO |
Business Period |
14 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
Netherlands |
|
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,853,759,000 |
Current Liabilities |
547,804,000 |
|
Inventories |
202,498,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
523,576,000 |
Other Liabilities |
335,146,000 |
|
Deferred Assets |
411,000 |
Total Liabilities |
882,950,000 |
|
Invest& other Assets |
4,616,000 |
Retained Earnings |
1,242,561,000 |
|
|
|
Net Worth |
1,701,910,000 |
|
Total Assets |
2,584,860,000 |
Total Liab. & Equity |
2,584,860,000 |
|
Total Assets (Previous Year) |
2,344,281,000 |
|
|
|
P/L Statement as of |
31.12.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
2,882,175,000 |
Net Profit |
213,243,000 |
|
Sales(Previous yr) |
2,773,141,000 |
Net Profit(Prev.yr) |
426,006,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED
(w.e.f. 26.08.2011) |
|
|
|
|
Formerly Known
As : |
PHOENIX YULE PRIVATE LIMITED (w.e.f. 05.01.2010) PHOENIX YULE LIMITED |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
11.08.1998 |
|
|
|
|
Com. Reg. No.: |
21-087713 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.459.349
millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U24134WB1998PLC087713 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CALP03210E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCP5595P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturers,
Designers and Sellers of Conveyor Belting, Fan and Vee Belts and other
related products. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having satisfactory
track. General Financial position is satisfactory. Trade relations are
reported as fair. Business is active. Payments are reported to be correct and
as per commitments. The company can be considered good for normal 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office /
Factory : |
|
|
Tel. No.: |
91-33-25898266 |
|
Fax No.: |
91-33-25898681/ 25898527 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2500 Sq. ft. |
|
Location : |
Rented (Commercial) |
|
|
|
|
Corporate Office : |
Ideal Plaza, North Block, 4th Floor, 11/1 Sarat
Bose Road, Kolkata – 700020, West Bengal, India |
|
Tel. No.: |
91-33-22806634 to 37 / 25898266 |
|
Fax No.: |
91-33-22806638/ 22870194/
22870195 / 25898681 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Kalyani, Post
Gayeshpur – 741234, District Nadia, West |
|
91-33-25898266/ 25898727/ 25897925 |
|
|
Fax No.: |
91-33-25828527 |
|
Area : |
201600 sq. ft. |
|
Location : |
Leasehold Industrial |
|
|
|
|
Branch Offices : |
MUMBAI OFFICE 14, Anjani
Compalex, Pareira Hill Road, Opposite Andheri Kurla Road, Andheri (East), Mumbai – 400 099, Maharashtra,
India Tel No. :
91-22-28231189/ 28315729/ 32525152 Fax No.:
91-22-28304405 E-Mail : pylmunwr@vsnl.net CHENNAI OFFICE Mount View (2nd
Floor), 646, Anna Salai, Chennai – 600 006, Tel No.
:91-44-2846881/ 28315729/ 32525152 Fax No.:
91-44-28546884 E-Mail : abose@phonixyule.com 201
Laxmi Bhawan, 72, Tel No. :91-11-26233094/
26437272 / 26222640 Fax No.:
91-11-26443865/ 2623 /8853 E-Mail :skumar@phonenixyule.com
5-4-487/6,
M Tel No.
:91-44-55324541 Fax No.:
91-44-55314542 E-Mail : abose@phoenixyule.com |
DIRECTORS
As On 21.05.2011
|
Name : |
Mr. Tapas
Kumar Mukherjee |
|
Designation : |
Managing
Director |
|
Address : |
P-197, |
|
Date of Birth/Age : |
07.07.1949 |
|
Qualification : |
M. Sc., MDP
(IIM-C) |
|
Date of Appointment : |
01.02.1999 |
|
DIN No : |
00229358 |
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 |
U24134WB1998PTC087713 |
Phoenix
Conveyor Belt India Private Limited |
Managing
director |
01-02-99 |
01-02-99 |
Active |
NO |
|
2 |
U91100MH1951GAT008683 |
All
India Rubber Inndustries Association |
Director |
26-10-04 |
26-10-04 |
Active |
NO |
|
Name : |
Mr. Bernd
Edgar Kuesel |
|
Designation : |
Director |
|
Address : |
Schafshagenberg
31-A, |
|
Date of Birth/Age : |
09.10.1950 |
|
Date of Appointment : |
01.02.1999 |
|
DIN No : |
01687468 |
|
|
|
|
Name : |
Mr. Hans Juergen Duensing
|
|
Designation : |
Additional Director |
|
Address : |
Raffelbergweg, D-30853,
Langenhagen – 30853 |
|
Date of Birth/Age : |
20.05.1958 |
|
Date of Appointment : |
11.07.2006 |
|
DIN No : |
00764477 |
|
|
|
|
Name : |
Mr. Claus Peter Spille |
|
Designation : |
Director |
|
Address : |
Wedemark, Mellendorf
030900 |
|
Date of Birth/Age : |
02.02.1968 |
|
Date of Appointment : |
11.12.2007 |
|
DIN No : |
02248277 |
|
|
|
|
Name : |
Mr. Andreas Huck |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
Meersmannufer -19 |
|
Date of Birth/Age : |
18.07.1969 |
|
Date of Appointment : |
08.11.2008 |
|
DIN No : |
02502613 |
KEY EXECUTIVES
|
Name : |
Ms. Partha Kamal Sen |
|
Designation : |
Company Secretary |
|
Address : |
Flat 8C 1 Brook Tower, |
|
Date of Birth/Age : |
26.07.1958 |
|
Date of Appointment : |
19.06.2008 |
|
PAN No.: |
AIOPS2541J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 21.05.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
|
|
45934899 |
|
Contitech Transportband Systeme GmbH, |
|
1 |
|
|
|
|
|
Total |
|
45934900 |
As On 21.05.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
|
Percentage |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers,
Designers and Sellers of Conveyor Belting, Fan and Vee Belts and other
related products. |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
PRODUCTION STATUS
As on 31.12.2009
|
Particulars |
Unit |
31.12.2009 |
||
|
|
|
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Steel Cord Conveyor Belt |
Tonnes |
11000 |
11000 |
7939 |
|
Textile Conveyor Belt |
Tonnes |
6000 |
6000 |
6805* |
|
Splicing Materials |
Tonnes |
500 |
500 |
17 |
Notes :
Installed capacities are as certified by
management and have not been verified by the auditors, being a technical
matter.
* Includes
intermediaries converted into finished goods.
GENERAL INFORMATION
|
No. of Employees
: |
Not Available |
|
|
|
|
Bankers : |
·
Deutsche
Bank Brooke House,
9 Shakespeare Sarani, Kolkata – 700 071, West ·
ICICI
Bank Limited |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Associates Chartered
Accountants |
|
Address : |
Infinity Benchmark, Plot
No. G -1, 10th Floor, Block, EP and GP, Sector – V, Kolkata –
700091, West |
|
Tel. No.: |
91-33-44034000 |
|
Fax No.: |
91-33-44034199 |
|
PAN No.: |
AADFB6889R |
|
|
|
|
Fellow
Subsidiary Company : |
·
·
Contitech Transportband
Systeme GmbH ·
Conititech Rubber
Indutrial KFT ·
IMAS SA ·
Continental Simi Tyre ( |
|
|
|
|
Holding Company : |
·
|
|
|
|
|
Ultimate Holding Companies : |
·
Continental
AG ·
|
CAPITAL STRUCTURE
As on 31.12.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000000 |
Equity Shares |
Rs.10/- each |
Rs.900.000
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45934900 |
Equity Shares |
Rs.10/- each |
Rs.459.349
millions |
|
|
|
|
|
NOTE:
Includes 45,934,899 (Previous Year 33,991,826)
equity shares held by Phoenix B. V., Netherland, the holding company and 1
share held by Contitech Transportbandysysteme GmbH,
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
459.349 |
459.349 |
459.349 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1242.561 |
1322.945 |
896.939 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1701.910 |
1782.294 |
1356.288 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1701.910 |
1782.294 |
1356.288 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
523.576 |
541.997 |
354.758 |
|
|
Capital work-in-progress |
4.616 |
5.996 |
39.194 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.411 |
25.771 |
52.171 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
202.498
|
196.470
|
210.086
|
|
|
Sundry Debtors |
749.519
|
574.700
|
603.528
|
|
|
Cash & Bank Balances |
889.122
|
776.201
|
429.506
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
215.118
|
223.146
|
129.112
|
|
Total
Current Assets |
2056.257
|
1770.517
|
1372.232
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
417.600
|
338.400
|
324.392
|
|
|
Other Current Liabilities |
130.204
|
126.305
|
67.066
|
|
|
Provisions |
335.146
|
97.282
|
70.609
|
|
Total
Current Liabilities |
882.950
|
561.987
|
462.067
|
|
|
Net Current Assets |
1173.307
|
1208.530
|
910.165
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1701.910 |
1782.294 |
1356.288 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
2882.175 |
2773.141 |
2874.635 |
|
|
|
Other Income |
126.421 |
23.730 |
343.306 |
|
|
|
TOTAL (A) |
3008.596 |
2796.871 |
2934.211 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
|
1441.287 |
1833.513 |
|
|
|
Manufacturing Expenses |
|
493.748 |
433.242 |
|
|
|
Increase/(Decrease) in Finished Goods |
|
34.367 |
(35.257) |
|
|
|
Personal Cost |
|
136.463 |
149.219 |
|
|
|
TOTAL (B) |
2616.340 (Including
Financial Expenses) |
2105.865 |
2380.717 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
691.006 |
553.494 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.617 |
1.302 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
392.256 |
690.389 |
552.192 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
64.513 |
59.316 |
66.591 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
327.743 |
631.073 |
485.601 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
114.500 |
205.067 |
166.206 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
213.243 |
426.006 |
319.395 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1301.838 |
875.832 |
556.437 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
Transfer to General Reserve |
21.324 |
0.000 |
0.000 |
|
|
|
Dividend |
252.642 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
40.985 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1200.130 |
1301.838 |
875.832 |
|
|
|
|
|
|
|
|
|
|
TOTAL EARNINGS
IN FOREIGN CURRENCY |
122.305 |
114.616 |
319.713 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw Materials |
|
480.643 |
622.927 |
|
|
|
Stores & Spares |
|
18.011 |
5.180 |
|
|
|
Capital Goods |
|
178.531 |
3.170 |
|
|
|
Others |
|
0.000 |
0.000 |
|
|
|
TOTAL IMPORTS |
NA |
677.185 |
631.277 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.64 |
9.27 |
6.95 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
PAT / Total Income |
(%) |
7.09
|
15.23
|
10.89
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.37
|
22.76
|
16.89
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.70
|
26.99
|
27.29
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.35
|
0.36
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.52
|
0.32
|
0.34
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.33
|
3.15
|
2.97
|
LOCAL AGENCY FURTHER INFORMATION
OPERATION :
During the year ended on 31st December 2010, the Company achieved a turnover of Rs.3008.596 millions as compared to Rs. 2796.871 millions in the previous year, an increased growth of 7.5% over the previous year. However, due to a stiff marketing environment and high raw material prices, the recorded profit before tax of the company during 2010 has become Rs.327.743 Millions against Rs.631.073 Millions in 2009, thus clocking a down growth of 52% over the previous year.
EXPORT PERFORMANCE
The Company’s export during the year was Rs. 122.305 millions on FOB basis, as againstexports of Rs.114.616 Millions in the previous year. As such, there is an upward trend in the export of the company, in spite of the continuation of global economic crisis. It is felt that with sufficient orders from their parent company in Germany, the export performance of the company will further improve in the coming years.
The Foreign Exchange earnings and outgo was Rs. 122.305 millions (last year Rs. 114.616 millions) and Rs. 739.637 millions (last year Rs. 713.082 millions) respectively during the year. It may be noted that the Foreign Exchange Outgo includes Rs. 0.456 million (last year Rs. 178.531 millions) for import of capital goods.
FIXED ASSETS :
- Buildings
- Plant and Machinery
- Furniture and Fittings
- Motor Vehicles
- Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.53 |
|
|
1 |
Rs.77.94 |
|
Euro |
1 |
Rs.64.65 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.