MIRA INFORM REPORT
|
Report Date : |
05.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
HALDIRAM FOODS INTERNATIONAL PRIVATE LIMITED (w.e.f. 01.02.2012) |
|
|
|
|
Formerly Known
as : |
HALDIRAM FOODS INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
A 204, Shyam Kamal Agrawal Market, Tejpal Road, Vile Parle (East),
Mumbai – 400 057, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
04.12.1987 |
|
|
|
|
Com. Reg. No.: |
11-045509 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 124.059 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15100MH1987PTC045509 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPH02489E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH3628L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Indian Snacks and Sweets. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 9000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well established and reputed company having fine track.
Financial position of the company appears to be sound. Trade relations are
reported as fair. Business is active. Payments are reported to be 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.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
NON FUND BASED LIMITS : ICRA A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk |
|
Date |
27th September, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
FUND BASED LIMITS : ICRA A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
27th September, 2012 |
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.
INFORMATION DECLINED BY
|
Name : |
Mr. Amar |
|
Designation : |
Account Executive |
|
Contact No.: |
91-22-26130771 |
|
Date : |
04.10.2012 |
LOCATIONS
|
Registered
Office : |
A 204, Shyam Kamal, Agrawal Market, |
|
Tel. No.: |
91-22-26130771 / 26170762 |
|
Fax No.: |
91-22-26145116 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office / Factory : |
“Haldiram House”, 880, Small
Factory Area, |
|
Tel. No.: |
91-712-2681091 / 2681191-94 |
|
Fax No.: |
91-712-2680218 |
|
E-Mail : |
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|
|
|
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Branch Office 1 : Mumbai: |
A 204, Tejpal Road Shyam Kamal, Agrawal CHS Limited, West Wing, Vile
Parle (East), Mumbai - 400057, Maharashtra, India |
|
Tel. No.: |
91-22-26130771 / 26170762 |
|
Fax No.: |
91-22-26145116 |
|
E-Mail : |
|
|
|
|
|
Branch Office 2
: Bangalore: |
1213, 100 Feet Road, Hall II Stage, Indranagaram, Bangalore – 560008,
Karnataka, India |
|
E-Mail : |
|
|
|
|
|
Branch Office 3
: Chennai: |
Number ½, Peeran Streets, Saligram, Near AVM Studio, Opposite Sooriya
Hospital, Chennai – 600093, Tamilnadu, India |
|
E-Mail : |
|
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Sushilkumar Shivkishan Agrawal |
|
Designation : |
Director |
|
Address : |
1174, Jalalpura, Gandhi Bag, Nagpur – 440 002, Maharashtra, India |
|
Date of Birth/Age : |
18.05.1967 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.12.2007 |
|
DIN No : |
00074470 |
|
|
|
|
Name : |
Mr. Rajendrakumar Shivkishan Agrawal |
|
Designation : |
Whole – time Director |
|
Address : |
918, Deshpande Layuot, Wardhman Nagar, Nagpur – 440 008, Maharashtra, India |
|
Date of Birth/Age : |
22.01.1960 |
|
Qualification : |
M.COM |
|
Date of Appointment : |
28.12.1991 |
|
DIN No.: |
00074439 |
|
|
|
|
Name : |
Mr. Kamalkumar Shivkishan Agrawal |
|
Designation : |
Director |
|
Address : |
920, Deshpande Layuot, Wardhman Nagar, Nagpur – 440 008, Maharashtra, India |
|
Date of Birth/Age : |
05.08.1973 |
|
Qualification : |
B.COM |
|
Date of Appointment : |
01.12.2007 |
|
DIN No.: |
00015010 |
|
|
|
|
Name : |
Mr. Madhusudan M Agrawal |
|
Designation : |
Director |
|
Address : |
Bela Road, Civil Lines, Delhi – 110 054, India |
|
Date of Birth/Age : |
04.01.1957 |
|
Qualification : |
B.COM |
|
Date of Appointment : |
01.06.1999 |
|
DIN No.: |
00011316 |
|
|
|
|
Name : |
Mr. Srinivasrao Sambhashivrao Vinnokata |
|
Designation : |
Director |
|
Address : |
379 Subhan Nagar Opp H.B Town Nagpur – 440008, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1965 |
|
Qualification : |
M.COM |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
01257848 |
KEY EXECUTIVES
|
Name : |
Mr. Amar |
|
Designation : |
Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Shivkishan
Agrawal |
|
18400 |
|
Rajendra
Agrawal |
|
1160891 |
|
Kamal
Agrawal |
|
1128892 |
|
Sushil
Agrawal |
|
1126108 |
|
Jamnadevi
Agrawal |
|
534100 |
|
Premlata
Agrawal |
|
517392 |
|
Sangeeta
Agrawal |
|
579030 |
|
Reena
Agrawal |
|
1087218 |
|
Neeraj
Agrawal |
|
242509 |
|
Avin
Agrawal |
|
290350 |
|
Vivek
Agrawal |
|
374140 |
|
Vanshita
Agrawal |
|
101500 |
|
Anshita
Agrawal |
|
94800 |
|
Shivkishan
Moolchand Agrawal (HUF) |
|
14500 |
|
Rajendra
Kumar Shivkishan Agrawal (HUF) |
|
333500 |
|
Sushilkumar
Shivkishan Agrawal (HUF) |
|
7250 |
|
Kamalkumar
Shivkishan Agrawal (HUF) |
|
313592 |
|
Madhusudan
Agrawal |
|
15080 |
|
Manoharlal
Agrawal |
|
1604 |
|
Shriratan
Agrawal |
|
1604 |
|
Haldiram
Vitta and Viniyog Private Limited |
|
2113250 |
|
Popular
Suppliers Private Limited |
|
1274500 |
|
Mohanlalsons
Pulses Industries Private Limited |
|
86460 |
|
Sonu
Iron Private Limited |
|
36800 |
|
Kunal
Snacks Private Limited |
|
447580 |
|
Vivek
Industries |
|
134320 |
|
Surabh
Agrawal |
|
7250 |
|
Vinod
Khemka |
|
7250 |
|
Sharadchandra
Bhimrao Deshmukh (Huf) |
|
7250 |
|
Sagarmal
Jugalkishoar Agrawal |
|
7250 |
|
Sunderlal
Surana |
|
7250 |
|
Kamal
Khemka |
|
7250 |
|
Sarojdevi
Agrawal |
|
7250 |
|
Mithlesh
Agrawal |
|
7250 |
|
Rajendra
Baid |
|
7250 |
|
Divyesh
Thakkar |
|
7250 |
|
Bharat
Thakkar |
|
7250 |
|
Mamta
Agrawal |
|
8700 |
|
Dinesbhai
Patel |
|
7250 |
|
Radheshayam
Mundra |
|
7250 |
|
Manidevi
Bhararia |
|
7250 |
|
Deepak
Maheshwari |
|
8700 |
|
Ila
Vanjani |
|
7250 |
|
Laxmandas
Gyanani |
|
7250 |
|
Niraj
Agrawal |
|
29000 |
|
Total |
|
12197770 |
As on: 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
32.40 |
|
Directors or relatives of Directors |
66.22 |
|
Other top fifty shareholders |
1.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Indian Snacks and Sweets. |
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|
|
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|
|
Products : |
·
Sweets ·
Namkeens ·
Papad ·
Bakery Products c ·
Ice Creams ·
Processed Milk |
|
GENERAL INFORMATION
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||
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Bankers : |
·
State
Bank of India, Hingna Industrial Estate Branch, Hingna, Nagpur – 40016, Maharashtra,
India |
||||||||||||||||||||||||
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||||||||||||||||||||||||
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Agrawal Chhallani and Company Chartered Accountants |
|
Address : |
51, New Colony, Nagpur – 440 001, Maharashtra, India |
|
Tel. No.: |
91-712-2544250 / 2544253 |
|
PAN No.: |
AASPC0224A |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares |
Rs.10/- each |
Rs.130.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12405877 |
Equity Shares |
Rs.10/- each |
Rs.124.059 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 |
124.059 |
124.059 |
121.977 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2373.358 |
1874.849 |
1418.174 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2497.417 |
1998.908 |
1540.151 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
254.916 |
74.735 |
234.494 |
|
|
2] Unsecured Loans |
10.058 |
0.000 |
4.127 |
|
|
TOTAL BORROWING |
264.974 |
74.735 |
238.621 |
|
|
DEFERRED TAX LIABILITIES |
148.555 |
135.203 |
123.329 |
|
|
|
|
|
|
|
|
TOTAL |
2910.946 |
2208.846 |
1902.101 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1374.598 |
1067.556 |
975.001 |
|
|
Capital work-in-progress |
237.334 |
400.700 |
301.031 |
|
|
|
|
|
|
|
|
INVESTMENT |
259.127 |
218.145 |
271.686 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
358.408
|
290.353
|
289.507 |
|
|
Sundry Debtors |
221.770
|
135.419
|
153.374 |
|
|
Cash & Bank Balances |
604.925
|
314.878
|
131.638 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
529.290
|
375.341
|
309.183 |
|
Total
Current Assets |
1714.393
|
1115.991 |
883.702 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
250.144
|
260.094
|
288.854 |
|
|
Other Current Liabilities |
160.931
|
98.979
|
85.218 |
|
|
Provisions |
263.431
|
234.473 |
155.244 |
|
Total
Current Liabilities |
674.506
|
593.546 |
529.316 |
|
|
Net Current Assets |
1039.887
|
522.445 |
354.383 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2910.946 |
2208.846 |
1902.101 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6782.909 |
5538.023 |
4616.610 |
|
|
|
Other Income |
45.231 |
19.519 |
30.406 |
|
|
|
TOTAL (A) |
6828.140 |
5557.542 |
4647.016 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material changes inventories |
4942.221 |
3971.793 |
|
|
|
|
Manufacturing service cost |
135.497 |
98.905 |
4070.947 |
|
|
|
Employed related expenses |
157.808 |
90.686 |
|
|
|
|
Administrative selling Expenses
|
746.370 |
667.670 |
|
|
|
|
TOTAL (B) |
5981.896 |
4829.054 |
4070.947 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
846.244 |
728.488 |
576.069 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.240 |
8.476 |
13.725 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
838.004 |
720.012 |
562.344 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
62.595 |
56.496 |
50.374 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
775.409 |
663.516 |
511.970 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
247.967 |
217.101 |
7.429 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
527.442 |
446.480 |
519.399 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
58.99 |
NA |
4.210 |
|
|
TOTAL
EARNINGS |
58.99 |
NA |
4.210 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
11.176 |
NA |
4.146 |
|
|
|
Stores & Spares |
8.761 |
NA |
7.768 |
|
|
|
Capital Goods |
34.059 |
NA |
12.116 |
|
|
|
Others |
2.743 |
NA |
2.253 |
|
|
TOTAL IMPORTS |
56.739 |
NA |
26.283 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
42.52 |
35.99
|
42.49 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.72
|
8.03 |
11.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.43
|
11.98 |
11.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.10
|
30.39 |
27.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.33
|
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.38
|
0.33
|
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.54
|
1.88 |
1.66 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITOR
DETAILS:
(Rs.
In Millions)
|
Particulars
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry
Creditor |
|
|
|
|
- Due Small Micro Enterprises |
0.000 |
0.000 |
|
|
- Due Others |
250.144
|
260.094
|
|
|
Total |
250.144 |
260.094 |
288.854 |
|
|
|
|
|
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
No |
|
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 |
Yes |
|
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 |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS
The various
products of the company are well accepted by the market and the company has
earned a good name in the Food Processing Industry. The Company Launch New
Brand Name Mopleez in market for packed Sweets and Nameens. The sweets and
namkeen products of the Company virtually enjoy a monopoly market. This year
company achieved export sales of Rs.418.976 millions as compared previous year
Rs. 342.704 millions. The company has always focused on enhancing its
competitive edges in cost leadership brand strengths, wide distribution network
and innovative product development to expand its market in India and
aboard.
SCHEME OF
AMALGAMATION:
In term of scheme of amalgamation sanctioned by Hon’ble High Court of Judicature at Bombay vide its pronouncement dated 24.09.2010 M/s. Niraj Snacks Limited. Engaged in manufacturing of sweet and Namkeen having factory located at village –gumthala, Nagpur, has been amalgamation with the company with effect from appointed i.e. 01.04.2009. Financial figures of amalgamation company upto the date of order has been merged with amalgamating company.
FIXED ASSETS
·
Land
·
Building
·
Office Buildings
·
Machinery
·
Electrical Equipments
·
Storage and Handling
Equipment (O)
·
Storage and Handling
Equipment (N)
·
Furniture and Fixtures
·
Laboratory Equipment (O)
·
Laboratory Equipment (N)
·
Office Equipments (O)
·
Office Equipments (N)
·
Effluent Treatment Plant
·
Computers (O)
·
Computers (N)
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 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.51.98 |
|
|
1 |
Rs.83.68 |
|
Euro |
1 |
Rs.67.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
60 |
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.