Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
GREEN PACK FOILS PRIVATE LIMITED |
Principal Name 1 |
Mr. Kaushikbhai Somabhai Patel |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sanjaykumar Amritlal Patel |
|
|
|
Registration # |
04-026414 |
|
Street Address |
Block No. 520, Opposite Sarthi Phar-Mceauticals Limited, Sola-Santej
Road, At Rakanpur, Taluka Kalol, Gandhinagar-3827211, Gujarat |
||
|
Established Date |
20.06.1995 |
SIC Code |
-- |
|
Telephone# |
91-2764-286702 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-2764-286703 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Aluminium Foil |
|
|
# of employees |
Not Available |
Product Name 2 |
Flexible Packing Products |
|
Paid up capital |
Rs.
4,005,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors -100% |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
17 years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
69,635,000 |
Current Liabilities |
23,106,000 |
|
Inventories |
22,248,000 |
Long-term Liabilities |
33,246,000 |
|
Fixed Assets |
12,027,000 |
Other Liabilities |
7,354,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
63,706,000 |
|
Invest& other Assets |
10,000 |
Retained Earnings |
36,209,000 |
|
|
|
Net Worth |
40,214,000 |
|
Total Assets |
103,920,000 |
Total Liab. & Equity |
103,920,000 |
|
Total Assets (Previous Year) |
|
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
191,108,000 |
Net Profit |
10,236,000 |
|
Sales(Previous yr) |
218,466,000 |
Net Profit(Prev.yr) |
8,696,000 |
|
Report Date : |
12.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
GREEN PACK FOILS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block No. 520, Opposite Sarthi Phar-Mceauticals Limited, Sola-Santej Road,
At Rakanpur, Taluka Kalol, Gandhinagar-3827211, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
20.06.1995 |
|
|
|
|
Com. Reg. No.: |
04-026414 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 4.005 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200GJ1995PTC026414 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMG014641D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of all kind of Aluminium Foil and Flexible Packing
Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 160000 |
|
|
|
|
Status : |
Usually Correct |
|
|
|
|
Payment Behaviour : |
Satisfactory |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to be
usually correct and as per commitments. 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 – 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 / Admin Office / Factory : |
Block No. 520, Opposite Sarthi Phar-Mceauticals Limited, Sola-Santej
Road, At Rakanpur, Taluka Kalol, Gandhinagar-3827211, Gujarat, India |
|
Tel. No.: |
91-2764-286702 / 286703 / 286052 |
|
Fax No.: |
91-2764-286703 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Kaushikbhai Somabhai Patel |
|
Designation : |
Director |
|
Date of Birth/Age : |
51, Jawahar Society, Visnagar, Mehsana-384315, Gujarat, India |
|
Date of Appointment : |
01.01.2001 |
|
DIN No.: |
00632483 |
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 |
U29120GJ1987PTC009960 |
AIMS
FORGINGS PRIVATE LIMITED |
Director |
08-07-93 |
08-07-93 |
Active |
NO |
|
2 |
U25200GJ1995PTC026414 |
GREEN
PACK FOILS PRIVATE LIMITED |
Director |
01-01-01 |
01-01-01 |
Active |
NO |
|
Name : |
Mr. Sanjaykumar Amritlal Patel |
|
Designation : |
Director |
|
Address : |
17/B/1, Suraxa Society, Visnagar, Mehsana-384315, Gujarat, India |
|
Date of Appointment : |
01.04.1997 |
|
DIN No.: |
01946566 |
|
|
|
|
Name : |
Mr. Mukeshkumar Bhaichandbhai Patel |
|
Designation : |
Director |
|
Address : |
Near Kanyashala, At and Post Visnagar-384315, Gujarat, India |
|
Date of Appointment : |
01.02.1998 |
|
DIN No.: |
01946757 |
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 |
U25200GJ1995PTC026414 |
GREEN
PACK FOILS PRIVATE LIMITED |
Director |
01-02-98 |
01-02-98 |
Active |
NO |
|
2 |
U29120GJ1987PTC009960 |
AIMS
FORGINGS PRIVATE LIMITED |
Director |
01-09-03 |
01-09-03 |
Active |
NO |
|
Name : |
Mr. Shaileshkumar J Patel |
|
Designation : |
Director |
|
Address : |
38, Vivekanand Society, Visnagar, Mehsan-384315, Gujarat, India |
|
Date of Appointment : |
01.04.1997 |
|
DIN No.: |
02164092 |
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 |
U25200GJ1995PTC026414 |
GREEN
PACK FOILS PRIVATE LIMITED |
Director |
01-04-97 |
01-04-97 |
Active |
NO |
|
2 |
U29120GJ1984PTC006802 |
KRASHI
PUMPS PRIVATE LIMITED |
Director |
15-10-00 |
15-10-00 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Sanjay Patel |
10000 |
|
Ashaben Patel |
10050 |
|
Jitendrakumar Patel (HUF) |
13350 |
|
Prahladbhai Patel (HUF) |
15000 |
|
Amrutbhai Patel (HUF) |
10000 |
|
Amthiben Patel |
5000 |
|
Rushnaben Patel |
15050 |
|
Mukesh Patel (HUF) |
30050 |
|
Nitin Patel (HUF) |
3300 |
|
Kalpaben Patel |
10050 |
|
Kantaben Patel |
5000 |
|
Puriben Patel |
13350 |
|
Kankuben Patel |
10000 |
|
Navinkumar Patel (HUF) |
10000 |
|
Manjulaben Patel |
10000 |
|
Kaushik Patel (HUF) |
10000 |
|
Bhavik Patel |
5000 |
|
Geetaben Patel |
5000 |
|
Gaurang Patel |
10000 |
|
Shailesh Patel |
10000 |
|
Ashaben Patel |
10000 |
|
Bhagwatiben Patel |
10000 |
|
Manibhai Patel |
20200 |
|
Mahendrabhai Patel |
30100 |
|
Shailesh Patel |
30000 |
|
Parulben Patel |
10000 |
|
Minaxiben Patel |
10000 |
|
Hineben Patel |
10000 |
|
Ashaben Patel |
10000 |
|
Shardaben Patel |
10000 |
|
Ritaben Patel |
10000 |
|
Jyotsanaben Patel |
10000 |
|
Saritaben Patel |
10000 |
|
Girishkumar Patel (HUF) |
5000 |
|
Khusbuben Patel |
5000 |
|
Total |
400500 |
AS ON 30.09.2010
|
Equity Shares Break
Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of all kind of Aluminium Foil and Flexible Packing
Products. |
|
|
|
|
Products : |
·
Aluminium Foils (Laminated) |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Installed
Capacity |
|
|
|
|
|
Installed Capacity |
M Tonnes p.a. |
1000 |
|
Particulars |
Unit |
Actual
Production |
|
Alluminium Foils |
Kgs. |
749996.450 |
|
Paper Coated / Poly Lemi |
Kgs. |
3437.470 |
|
Polyster Poly Lemi/ Printed |
Kgs. |
1211.790 |
|
Scrap |
|
|
|
Alluminium Foils Scrap |
Kgs. |
59306.650 |
|
Paper Scrap |
Kgs. |
185.560 |
|
Polyster Poly Scrap |
Kgs. |
202.150 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India ·
Standard Chartered Bank |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mukesh P. Patel and Company Chartered Accountant |
|
Address : |
2nd Floor, Shiv Market, Visnagar-384315, Gujarat,
India |
|
Pan No.: |
ABVPP0997R |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400500 |
Equity Shares |
Rs.10/- each |
Rs. 4.005
Millions |
|
|
|
|
|
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 |
4.005 |
4.005 |
4.005 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
36.209 |
25.973 |
17.065 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
40.214 |
29.978 |
21.070 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.592 |
13.038 |
8.528 |
|
|
2] Unsecured Loans |
29.654 |
27.922 |
23.866 |
|
|
TOTAL BORROWING |
33.246 |
40.960 |
32.394 |
|
|
DEFERRED TAX LIABILITIES |
0.516 |
0.546 |
0.599 |
|
|
|
|
|
|
|
|
TOTAL |
73.976 |
71.484 |
54.063 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.027 |
8.850 |
8.586 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.010 |
0.010 |
0.010 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
22.248
|
19.875 |
20.816 |
|
|
Sundry Debtors |
61.458
|
71.887 |
53.374 |
|
|
Cash & Bank Balances |
0.370
|
0.173 |
0.232 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
7.807
|
2.747 |
3.376 |
|
Total
Current Assets |
91.883
|
94.682 |
77.798 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
23.106
|
25.354 |
29.843 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
6.838
|
6.704 |
2.669 |
|
Total
Current Liabilities |
29.944
|
32.058 |
32.512 |
|
|
Net Current Assets |
61.939
|
62.624 |
45.286 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.181 |
|
|
|
|
|
|
|
|
TOTAL |
73.976 |
71.484 |
54.063 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
191.108 |
218.466 |
186.417 |
|
|
|
Other Income |
2.272 |
3.043 |
2.851 |
|
|
|
TOTAL (A) |
193.380 |
221.509 |
189.268 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
150.146 |
169.029 |
153.333 |
|
|
|
Manufacturing Expenses |
4.854 |
6.534 |
3.928 |
|
|
|
Administrative Expenses |
20.207 |
22.336 |
22.788 |
|
|
|
Increase / (Decreased) in Closing Stock |
(3.715) |
2.630 |
(1.529) |
|
|
|
TOTAL (B) |
171.492 |
200.529 |
178.520 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
21.888 |
20.980 |
10.748 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.347 |
5.743 |
3.876 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
17.541 |
15.237 |
6.872 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.432 |
1.476 |
1.392 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
16.109 |
13.761 |
5.480 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.873 |
5.065 |
1.234 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
10.236 |
8.696 |
4.246 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
10.236 |
8.696 |
4.246 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1.167 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
25.48 |
21.76 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.29
|
3.93 |
2.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.43
|
6.30 |
2.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.50
|
13.29 |
6.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.46 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.58
|
2.45 |
3.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.07
|
2.95 |
2.39 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate
identity number of the company |
U25200GJ1995PTC026414 |
|
Name of the
company |
GREEN PACK FOILS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Block No. 520, Opposite Sarthi Phar-Mceauticals Limited, Sola-Santej Road, At Rakanpur, Taluka Kalol, Gandhinagar-3827211, Gujarat, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
Nature of
instrument creating charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Deposit of Title
Deeds. |
|
Date of
instrument Creating the charge |
29.12.2009 |
|
Amount secured by
the charge |
Rs. 17.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest at the rate
as may be communicated by the Bank from time to time. Terms of repayment On Demand Margin As may be
stipulated by the Bank from time to time. Extent and operation of the charge The Company
accorded and gave oral consent to Bank to continue to hold and retain the
title deeds (by way of Constructive delivery), as security for repayment of
Rs.17.000 Millions by the Company, together with principal, interest,
liquidated damages, costs, charges and expenses. |
|
Short particulars
of the property charged (Including location of the property) |
Immovable
properties lying and situated at: Block No.520 Part + 522 Part + 523 Part,
Mouje : Mehsana. |
|
Charge
identification number of the charge to be modified |
90095471 |
|
Particulars of
the present modification |
The equitable
mortgage/charge now stands increased from Rs.7.000 Millions to Rs.17.000
Millions (Comprising: Cash Credit of Rs. 7.000 Millions, Import/Inland Letter
of Credit of Rs.10.000 Millions) in Favour of the Bank. |
FIXED ASSETS
·
Building
·
Plant and Machinery
·
Electrical Installations
·
Furniture and Fixtures
·
Jeep – Car
·
Computer
·
Scooter
·
Bolero
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. 50.01 |
|
|
1 |
Rs. 79.00 |
|
Euro |
1 |
Rs. 66.17 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.