|
Report Date : |
01.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
PENNWALT LIMITED |
|
|
|
|
Formerly Known
As : |
SHARPLES PROCESS ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-221, MIDC-TTC Industrial Area, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2007 |
|
|
|
|
Date of
Incorporation : |
24.10.1959 |
|
|
|
|
Com. Reg. No.: |
011487 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.8.409 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1959PLC011487 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP17979D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP6840L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Food Processing Machinery, Pennwalt Super –D –Canter,
Centrifuge etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (72) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1713460 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having excellent
track. Financial position of the company appears to be sound. Trade relations
are reported as fair. Business is active. Payments are reported to be regular
and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. It can be regarded as a promising business partner in a medium to long run. |
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) |
|
India |
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 : |
D-221, MIDC-TTC Industrial Area, Thane Belapur Road, Nerul, Navi
Mumbai – 400706, Maharashtra, India |
|
Tel. No.: |
91-22-27632503/ 27632520/ 28/ 29 (91-22-55906630 Director) |
|
Mobile No.: |
91-9820080114 |
|
Fax No.: |
91-22-2762560 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
|
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Sukh Dev Kashyap |
|
Designation : |
Chairman and Managing Director |
|
Address : |
18 Sea Belle, I Jagmohandas Marg, Mumbai – 400006, |
|
Date of Birth/Age : |
07.01.1936 |
|
Date of Appointment : |
10.06.1968 |
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 |
U99999MH1959PLC011487 |
PENNWALT LIMITED |
Managing director |
01/08/2008 |
10/06/1968 |
- |
Active |
NO |
|
2 |
U29299MH1992PLC065468 |
PENNWALT BERTUZZI LIMITED |
Director |
18/02/1992 |
18/02/1992 |
- |
Active |
NO |
|
3 |
U67120MH1996PLC098407 |
PENNWALT FINANCE AND
INVESTMENTS LIMITED |
Director |
25/03/1996 |
25/03/1996 |
- |
Active |
NO |
|
4 |
U65990MH1983PTC029327 |
VARUN HOLDINGS PVT LTD |
Director |
04/11/1996 |
04/11/1996 |
- |
Active |
NO |
|
5 |
U25206MH1997PLC112176 |
PENNWALT AGRU PLASTICS
LIMITED |
Director |
04/11/2008 |
01/12/1998 |
- |
Active |
NO |
|
6 |
U01119MH2008PTC182402 |
PENNWALT AGRO-CHEM PRIVATE
LIMITED |
Managing director |
22/11/2008 |
19/05/2008 |
- |
Active |
NO |
|
Name : |
Mr. Homi Phiroze Ranina |
|
Designation : |
Director |
|
Address : |
Common Wealth, Flat No.24, 6th Floor, 181 Backhay
Reclamation, Mumbai – 400026, |
|
Date of Birth/Age : |
19.10.1946 |
|
Date of Appointment : |
12.09.1984 |
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 |
L63040DL1981PLC011941 |
INTERNATIONAL TRAVEL HOUSE
LIMITED |
Director |
01/08/1983 |
01/08/1983 |
- |
Active |
NO |
|
2 |
U99999MH1959PLC011487 |
PENNWALT LIMITED |
Director |
12/09/1984 |
12/09/1984 |
- |
Active |
NO |
|
3 |
L72900MH1980PLC022652 |
ZENITH COMPUTERS LIMITED |
Director |
29/06/1988 |
29/06/1988 |
20/08/2011 |
Active |
NO |
|
4 |
U29141KA1994PTC054955 |
DOVER INDIA PRIVATE
LIMITED |
Alternate director |
20/12/2003 |
20/12/2003 |
- |
Active |
NO |
|
Name : |
Mr. Hormazdiyar Shiavax Vakil |
|
Designation : |
Director |
|
Address : |
122, Somerset House 61, B. Desai Road,Mumbai 400026 |
|
Date of Birth/Age : |
08.08.1953 |
|
Date of Appointment : |
29.12.1992 |
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 |
U99999MH1959PLC011487 |
PENNWALT LIMITED |
Director |
29/12/1992 |
29/12/1992 |
- |
Active |
NO |
|
2 |
U35100MH2002PTC137751 |
COSCO (INDIA) SHIPPING
PRIVATE LIMITED |
Alternate director |
17/11/2002 |
17/11/2002 |
- |
Active |
NO |
|
3 |
U63090MH2003PTC140624 |
ASL SHIPPING AND LOGISTICS
(INDIA) PRIVATE LIMITED |
Alternate director |
22/07/2003 |
22/07/2003 |
- |
Active |
NO |
|
4 |
U24246MH1946PTC005194 |
NETERSON TECHNOLOGIES
PRIVATE LIMITED |
Director |
17/02/2005 |
17/02/2005 |
- |
Active |
NO |
|
5 |
U67190MH2005PTC156119 |
QUANTUM TRUSTEE COMPANY
PRIVATE LIMITED |
Director |
16/09/2005 |
16/09/2005 |
- |
Active |
NO |
|
6 |
U63010MH1999PTC120958 |
C U INSPECTIONS INDIA
PRIVATE LIMITED |
Director |
30/09/2008 |
31/08/2008 |
- |
Active |
NO |
|
Name : |
Dr. Stuti Kaul |
|
Designation : |
Director |
|
Address : |
10, Burnstones Grave Sandygate, Sheffield, S10 5TU ENGLAND |
|
Date of Birth/Age : |
25.07.1967 |
|
Date of Appointment : |
29.09.1997 |
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 |
U99999MH1959PLC011487 |
PENNWALT LIMITED |
Director |
29/09/1997 |
29/09/1997 |
- |
Active |
NO |
|
2 |
U01119MH2008PTC182402 |
PENNWALT AGRO-CHEM PRIVATE
LIMITED |
Director |
30/09/2009 |
22/11/2008 |
- |
Active |
NO |
|
Name : |
Mr. Ashish Kashyap |
|
Designation : |
Whole Time Director |
|
Address : |
18 Sea Belle, I Jagmohandas Marg, Mumbai – 400006, |
|
Date of Birth/Age : |
23.09.1970 |
|
Date of Appointment : |
01.10.2001 |
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 |
U25206MH1997PLC112176 |
PENNWALT AGRU PLASTICS
LIMITED |
Managing director |
04/11/2008 |
18/04/2001 |
- |
Active |
NO |
|
2 |
U99999MH1959PLC011487 |
PENNWALT LIMITED |
Whole-time director |
01/10/2001 |
01/10/2001 |
- |
Active |
NO |
|
3 |
U65990MH1983PTC029327 |
VARUN HOLDINGS PVT LTD |
Director |
09/03/2002 |
09/03/2002 |
- |
Active |
NO |
|
4 |
U29299MH1992PLC065468 |
PENNWALT BERTUZZI LIMITED |
Director |
11/11/2004 |
11/11/2004 |
- |
Active |
NO |
|
5 |
U67120MH1996PLC098407 |
PENNWALT FINANCE AND
INVESTMENTS LIMITED |
Director |
11/11/2004 |
11/11/2004 |
- |
Active |
NO |
|
6 |
U01119MH2008PTC182402 |
PENNWALT AGRO-CHEM PRIVATE
LIMITED |
Director |
19/05/2008 |
19/05/2008 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Name
of Shareholder |
No. of Shares |
|
Shah Harshada Kirit |
438 |
|
Hidayatulla H Arshad |
10 |
|
Garda Bachie Burjor |
65 |
|
Kaul Stuti |
1035 |
|
Kaul Stuti |
275 |
|
Kaul Stuti |
50 |
|
Kashyap Sukh Dev |
7775 |
|
Kaul Stuti |
40 |
|
Khosla Neelu |
47 |
|
Hattiangadi Shanta R |
288 |
|
Mahajan Samira |
88 |
|
Valsala A. |
5 |
|
Sadarangani Shamsund |
11 |
|
Jape Jayant Hari |
12 |
|
Sadarangani Shamsund |
3 |
|
Ukidave Anant Laxman |
1 |
|
Desai Aarti Deepak |
5 |
|
Khadke Satish Vasudeo |
3 |
|
Khosla Ravi |
52 |
|
Mahajan Samira |
100 |
|
Kashyap Arti |
209 |
|
Sule Sadanandbhalch |
250 |
|
Kashyap Sukh Dev |
300 |
|
Kaul Stuti |
25 |
|
Yagnik Harish Narott |
10 |
|
Kapila Mukta |
10 |
|
Kashyap Yogesh |
10072 |
|
Hattiangadi Shanta R |
130 |
|
Kashyap Ashish |
15386 |
|
Desai Aarti Deepak |
5 |
|
Wagh Avinash Anant |
100 |
|
B. Krishna |
60 |
|
B. Venkataran Ga |
60 |
|
Tikekar Malti
Madhav |
261 |
|
Vakil Niloufer Horma |
50 |
|
Shirodkar Rajesh |
5 |
|
Desai Sharadchandr A |
186 |
|
Gupchup Vijay |
61 |
|
Olia Jal Rusi |
1500 |
|
Doshi Pradip
Chimanl |
100 |
|
Salunkhe Sukhadev Ra |
38 |
|
Varun Holdings Private Limited, Mumbai |
33277 |
|
Nargolkar Chitra Har |
50 |
|
Kashyap Arti |
4150 |
|
Kashyap Sukh Dev |
3000 |
|
Patel Maria
Sofia Je |
375 |
|
Tikekar Malti
Madhav |
11 |
|
Mr. Kapadia Ghanshyam |
100 |
|
Mr. Kashyap Sukhdev |
1021 |
|
Mrs. Kashyap Arti |
1000 |
|
Mr. Kashyap Ashish |
35 |
|
Panchal Abhijit R. |
11 |
|
Basha Habibullah |
11 |
|
Choudhary S. Mheraju |
11 |
|
Gujar Anuradha Vithal |
8 |
|
Sondhi Jumma Umar |
12 |
|
Tikekar Malti Madhav |
250 |
|
Mahindra Pushpa |
74 |
|
Wagh Hema Avinash |
250 |
|
Gupchup Vijay Narhar |
61 |
|
Sirur Vasant Madhuka |
2 |
|
Desai Sharadchandr A |
125 |
|
Mody Rustomjee Hormu |
125 |
|
Nalini Shirodkar Pandurang |
15 |
|
Nalini Shirodkar Pandurang |
30 |
|
Krishna Sharada B. |
342 |
|
Shah Kiritkumar Moti |
337 |
|
Kashyap Krishan Kuma |
120 |
|
Raghavan Radha |
75 |
|
Khosla Neelu |
100 |
|
Total
|
84099 |
AS ON 29.09.2011
|
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 |
11.98 |
|
Bodies corporate |
39.57 |
|
Directors or relatives of Directors |
40.82 |
|
Other top fifty shareholders |
7.63 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Food Processing Machinery, Pennwalt Super –D –Canter,
Centrifuge etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Union Bank of India, 66/80; B.S. Marg, Fort, Bombay - 400023,
Maharashtra, India |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N.M. Raiji and Company Chartered Accountant |
|
Address : |
Universal Insurance Building, P.M. Road, Mumbai – 400001, Maharashtra, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
84099 |
Equity Shares |
Rs.100/-
each |
Rs.8.409
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 |
8.409 |
8.463 |
8.463 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
419.956 |
361.567 |
308.501 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
428.365 |
370.030 |
316.964 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
10.124 |
5.776 |
1.315 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
10.124 |
5.776 |
1.315 |
|
|
DEFERRED TAX LIABILITIES |
2.053 |
2.442 |
2.097 |
|
|
|
|
|
|
|
|
TOTAL |
440.542 |
378.248 |
320.376 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
56.136 |
61.029 |
65.495 |
|
|
Capital work-in-progress |
54.247 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
44.029 |
46.979 |
46.778 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
50.569
|
53.231 |
56.644 |
|
|
Sundry Debtors |
14.876
|
22.203 |
22.039 |
|
|
Cash & Bank Balances |
317.100
|
296.070 |
252.120 |
|
|
Other Current Assets |
14.384
|
17.358 |
12.294 |
|
|
Loans & Advances |
310.759
|
259.516 |
220.503 |
|
Total
Current Assets |
707.688
|
648.378 |
563.600 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
30.765
|
25.597 |
34.232 |
|
|
Other Current Liabilities |
85.878
|
101.798 |
107.456 |
|
|
Provisions |
304.915
|
250.743 |
213.809 |
|
Total
Current Liabilities |
421.558
|
378.138 |
355.497 |
|
|
Net Current Assets |
286.130
|
270.240 |
208.103 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
440.542 |
378.248 |
320.376 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
261.331 |
232.647 |
309.822 |
|
|
|
Other Income |
69.851 |
61.387 |
60.372 |
|
|
|
TOTAL (A) |
331.182 |
294.034 |
370.194 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
107.579 |
88.733 |
135.105 |
|
|
|
Manufacturing and Operating Expenses |
17.014 |
19.095 |
18.965 |
|
|
|
Personal Expenses |
45.807 |
40.393 |
36.737 |
|
|
|
Other Expenses |
27.185 |
28.751 |
30.721 |
|
|
|
TOTAL (B) |
197.585 |
176.972 |
221.528 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
133.597 |
117.062 |
148.666 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.183 |
1.381 |
2.215 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
132.414 |
115.681 |
146.451 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.070 |
5.534 |
5.805 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
127.344 |
110.147 |
140.646 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
44.112 |
39.795 |
42.693 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
83.232 |
70.352 |
97.953 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
175.448 |
142.383 |
84.234 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
20.000 |
20.000 |
20.000 |
|
|
|
Dividend |
22.008 |
17.287 |
19.803 |
|
|
BALANCE CARRIED
TO THE B/S |
216.672 |
175.448 |
142.383 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
63.233 |
64.727 |
96.372 |
|
|
TOTAL EARNINGS |
63.233 |
64.727 |
96.372 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
12.683 |
14.879 |
22.528 |
|
|
|
Stores & Spares |
27.549 |
18.424 |
24.372 |
|
|
TOTAL IMPORTS |
40.232 |
33.303 |
46.900 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
985.25 |
831.26 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
25.13
|
23.92 |
26.46 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
48.73
|
47.34 |
45.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.67
|
15.52 |
22.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.30 |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.01
|
1.03 |
1.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68
|
1.71 |
1.59 |
LOCAL AGENCY FURTHER INFORMATION
NIL
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.48.94 |
|
|
1 |
Rs.77.95 |
|
Euro |
1 |
Rs.65.93 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
NO |
|
TOTAL |
|
72 |
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.