MIRA
INFORM REPORT
|
Report Date : |
26.09.2012 |
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 : |
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|
|
|
|
Financials (as
on) : |
31.12.2011 |
|
|
|
|
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.] |
U24134WB1998PTC087713 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALP03210E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP5595P |
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|
|
|
Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturer of Conveyor Belts |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
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 7800000 |
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|
|
|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
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|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a established of Phoenix B.V., Netherlands. It is a well
educated and reputed company having fine track. Financial position of the company appears to be sound. Directors are
reported as well experienced and knowledgeable businessman. Trade relations are reported as trustworthy. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered good 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
A (Long Term Rating) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
September 2011 |
|
Rating Agency Name |
ICRA |
|
Rating |
A1 (Short Term Debt Programe) |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
September 2011 |
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 / Factory : |
Muragacha Road, PO Gayeshpur, District Kalyani, Nadia, Kolkata-741234,
West Bengal |
|
Tel. No.: |
91-33-25898266 |
|
Fax No.: |
91-33-25898681 |
|
E-Mail : |
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|
Website : |
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|
|
|
Corporate Office : |
Ideal Plaza, “North Block, 4th Floor, 11/1A, Sarat Bose
Road, Kolkata-700020, West Bengal, India |
|
Tel. No.: |
91-33-22806634 / 6637 |
|
Fax No.: |
91-33-22806638 |
|
E-Mail : |
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|
|
|
Branch Office : |
Located At ·
Delhi ·
Mumbai ·
Chennai ·
Hyderabad |
DIRECTORS
AS ON 13.03.2012
|
Name : |
Mr. Tapas Kumar Mukherjee |
|
Designation : |
Managing Director |
|
Address : |
P197, Jodhpur Park, Kolkata-700068, West Bengal, India |
|
Date of Birth/Age : |
07.07.1949 |
|
Date of Appointment : |
01.02.1999 |
|
PAN No.: |
AIXPM7130L |
|
DIN No.: |
00229358 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24134WB1998PTC087713 |
PHOENIX
CONVEYOR BELT INDIA PRIVATE LIMITED |
Managing
director |
01/02/1999 |
01/02/1999 |
Active |
NO |
|
2 |
U91100MH1951GAT008683 |
ALL
INDIA RUBBER INNDUSTRIES ASSOCIATION |
Director |
26/10/2004 |
26/10/2004 |
Active |
NO |
|
Name : |
Mrs. Hans Juergen Duensing |
|
Designation : |
Additional Director |
|
Address : |
Raffelbergweg D 30853, Langenhagen |
|
Date of Birth/Age : |
20.05.1958 |
|
Date of Appointment : |
11.07.2006 |
|
Passport No.: |
1539305105 |
|
DIN No.: |
00764477 |
|
|
|
|
Name : |
Mr. Bernd Edgar Kuesel |
|
Designation : |
Director |
|
Address : |
Schafshagenberg, 31A, Hamburg-21077 |
|
Date of Birth/Age : |
09.10.1950 |
|
Date of Appointment : |
01.02.1999 |
|
Passport No.: |
1336129386 |
|
DIN No.: |
01687468 |
|
|
|
|
Name : |
Mr. Claus Peter Spille |
|
Designation : |
Director Appointed in Casual Vacancy |
|
Address : |
Wedemark, Mellendorf-030900 |
|
Date of Birth/Age : |
02.02.1968 |
|
Date of Appointment : |
11.12.2007 |
|
Passport No.: |
155225462 |
|
DIN No.: |
02248277 |
|
|
|
|
Name : |
Mr. Andreas Huck |
|
Designation : |
Director Appointed in Casual Vacancy |
|
Address : |
Meersmannufer 19, Hannover, Hamburg, Germany |
|
Date of Birth/Age : |
18.07.1969 |
|
Date of Appointment : |
08.11.2008 |
|
Passport No.: |
C2181W6MW |
|
DIN No.: |
02502613 |
KEY EXECUTIVES
|
Name : |
Mr. Partha Kamal Sen |
|
Designation : |
Secretary |
|
Address : |
Flat 8C1, Brook Tower, Hi Land Park, Kolkata-700094, West Bengal,
India |
|
Date of Birth/Age : |
26.07.1958 |
|
Date of Appointment : |
19.06.2008 |
|
PAN No.: |
AIOPS2541J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 13.03.2012
|
Names of Shareholders |
No. of Shares |
|
Contitech TBS GmbH, Germany |
1 |
|
Phoenix BV, Netherland |
45934899 |
|
TOTAL
|
45934900 |
AS ON 13.03.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Conveyor Belts |
||||||
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|
|
||||||
|
Products : |
|
PRODUCTION STATUS (AS ON : 31.12.2009)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Steel Cord Conveyor Belt |
Tones |
11000 |
11000 |
7939 |
|
Textile Conveyor Belt |
Tones |
6000 |
6000 |
6805* |
|
Splicing Materials |
Tones |
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 : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Associates Chartered Accountant |
|
Address : |
Infinity Benchmark, Plot No.G-1, 10th Floor, Block-EP and
GP, Sector V, Salt Lake City Kolkata-700091, West Bengal, India |
|
PAN No.: |
AADFB6889R |
|
|
|
|
Holding Company : |
Phoenix B.V., Netherland |
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|
|
|
Fellow Subsidiaries : |
·
Phoenix Conveyor Belt Systems GmbH ·
Contitech Transportband Systeme GmbH ·
Contitech Antriebssysteme GmbH |
CAPITAL STRUCTURE
AS ON 31.03.2011
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 |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
459.349 |
459.349 |
459.349 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1494.625 |
1242.561 |
1322.945 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1953.974 |
1701.910 |
1782.294 |
|
|
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 |
5.958 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1959.932 |
1701.910 |
1782.294 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
493.989 |
523.576 |
541.997 |
|
|
Capital work-in-progress |
8.857 |
4.616 |
5.996 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.411 |
25.771 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
310.673
|
202.498 |
196.470 |
|
|
Sundry Debtors |
930.473
|
749.519 |
574.700 |
|
|
Cash & Bank Balances |
635.366
|
889.122 |
776.201 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
254.295
|
215.118 |
223.146 |
|
Total
Current Assets |
2130.807
|
2056.257 |
1770.517 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
414.923
|
417.600 |
338.400 |
|
|
Other Current Liabilities |
225.742
|
130.204 |
126.305 |
|
|
Provisions |
33.056
|
335.146 |
97.282 |
|
Total
Current Liabilities |
673.721
|
882.950 |
561.987 |
|
|
Net Current Assets |
1457.086
|
1173.307 |
1208.530 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1959.932 |
1701.910 |
1782.294 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
3008.596 |
2770.836 |
|
|
|
Other Income |
|
|
23.730 |
|
|
|
Service Income |
|
|
2.305 |
|
|
|
TOTAL (A) |
3703.254 |
3008.596 |
2796.871 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
3262.915 |
2616.340 |
1441.287 |
|
|
|
Personnel Cost |
|
|
136.463 |
|
|
|
Manufacturing and Other Expenses |
|
|
493.748 |
|
|
|
Decrease / (Increase) in Stock |
|
|
34.367 |
|
|
|
TOTAL (B) |
3262.915 |
2616.340 |
2105.865 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
[Including Financial |
[Including Financial |
691.006 |
|
|
|
|
Expenses ] |
Expenses ] |
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.617 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
440.339 |
392.256 |
690.389 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
65.669 |
64.513 |
59.316 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
374.670 |
327.743 |
631.073 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
122.606 |
114.500 |
205.067 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
252.064 |
213.243 |
426.006 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1200.130 |
1301.838 |
875.832 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
21.324 |
0.000 |
|
|
|
Dividend |
0.000 |
252.642 |
0.000 |
|
|
|
Tax on Dividend |
0.000 |
40.985 |
0.000 |
|
|
BALANCE CARRIED TO
THE B/S |
1452.194 |
1200.130 |
1301.838 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
114.616 |
|
|
TOTAL EARNINGS |
NA |
NA |
114.616 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
480.643 |
|
|
|
Stores & Spares |
NA |
NA |
18.011 |
|
|
|
Capital Goods |
NA |
NA |
178.531 |
|
|
TOTAL IMPORTS |
NA |
NA |
677.185 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.49 |
4.64 |
9.27 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
6.81
|
7.09 |
15.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
22.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.27
|
12.70 |
26.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.19 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.35
|
0.52 |
0.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.16
|
2.33 |
3.15 |
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) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
No |
|
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 |
OPERATION
During the year ended
on 31st December 2011, the Company has achieved a turnover of Rs. 3703.254
Millions as compared to Rs. 3008.596 Millions in the previous year, an
increased growth of 23% over the previous year. However, due to very high raw
material prices, the recorded profit before tax of the Company during 2011 has
become Rs. 374.670 Millions as against Rs. 327.743 Millions in 2010, and thus
clocking a upward growth of 14% over the previous year.
EXPORT PERFORMANCE
The Company's
export during the year was Rs.125.351 Millions on FOB basis, as against exports
of Rs. 122.305 Millions in the previous year. As such, there is an upward trend
in the export of the Company has been revealed during the year over the last
year. 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. 125.351 Millions (last year Rs. 122.305
Millions) and Rs.1651.831 Millions (last year Rs. 739.637 Millions)
respectively during the year. It may be noted that the Foreign Exchange Outgo
includes Rs. 13.806 Millions (last year Rs. 0.456 Million) for import of
capital goods
FIXED ASSETS
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
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. 53.53 |
|
|
1 |
Rs. 86.82 |
|
Euro |
1 |
Rs. 69.02 |
INFORMATION DETAILS
|
Report Prepared by
: |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
59 |
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.