MIRA
INFORM REPORT
|
Report Date : |
23.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
KOCH CHEMICAL TECHNOLOGY GROUP INDIA PRIVATE LIMITED (w.e.f.
10.11.2006) |
|
|
|
|
Formerly Known
As : |
KOCH-GLITSCH INDIA PRIVATE LIMITED (w.e.f. 11.03.2005) GLITSCH TECHNOLOGIES ( |
|
|
|
|
Registered
Office : |
Corporate Park - II, 10th Floor, CTS No. 354, 355/1-6, 356, 357 and 360, Sion Trombay Road, Chembur, Mumbai – 400071, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.07.1994 |
|
|
|
|
Com. Reg. No.: |
11-079939 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.62.643 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29199MH1994PTC079939 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK3688G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Service Provider of Chemical. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
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 4800000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Koch Chem Tech Group Singapore Pte.
Limited’. It is a well established company having a fine track record. The
performance capability is high. Financial position of the company appears to
be good. 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.
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 PARTED BY
|
Name : |
Mr. Ashutosh |
|
Designation : |
HR Department |
|
Contact No.: |
91-2667-244345 |
|
Date : |
22.04.2013 |
LOCATIONS
|
Registered Office : |
Corporate Park - II, 10th Floor, CTS No. 354, 355/1-6, 356, 357 and 360, Sion Trombay Road, Chembur, Mumbai – 400071, Maharashtra, India |
|
Tel. No.: |
91-22-67717171 |
|
Fax No.: |
91-22-67717161 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
315-317, Sankarda-Bhadarava Road, Moxi Savli, Vadodara – 391780,
Gujarat, India |
|
Tel. No.: |
91-2667-244345 |
|
Fax No.: |
91-2667-244334 |
|
|
|
|
Overseas Office : |
Located at: |
DIRECTORS
As on: 27.09.2012
|
Name : |
Mr. Chirstoph Ender |
|
Designation : |
Director |
|
Address : |
7938, |
|
Date of Birth/Age : |
16.08.1959 |
|
Date of Appointment : |
30.05.2005 |
|
DIN No.: |
00173470 |
|
|
|
|
Name : |
Mr. Jatin Prabodhchandra Parikh |
|
Designation : |
Managing Director |
|
Address : |
B-4, Somnath Duplex, Near Gotri Naka, Vadodara - 390021, Gujarat,
India |
|
Date of Birth/Age : |
01.02.1965 |
|
Date of Appointment : |
27.01.2005 |
|
DIN No.: |
00086458 |
|
|
|
|
Name : |
Mr. Anish Ghoshal |
|
Designation : |
Director |
|
Address : |
402, Rocky Hill, Rizvi Complex, Shirly Ranjan Road, Bandra (West),
Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
16.09.1964 |
|
Date of Appointment : |
07.09.2006 |
|
DIN No.: |
00276807 |
|
|
|
|
Name : |
Mr. John Jeremiah Morrison |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
04.03.1960 |
|
Date of Appointment : |
07.09.2006 |
|
DIN No.: |
00234027 |
|
|
|
|
Name : |
Manuel Martinez Botana |
|
Designation : |
Director |
|
Address : |
40, Route De Luxembourg, L-3253, Bettembourg |
|
Date of Birth/Age : |
02/06/1954 |
|
Date of Appointment : |
27/09/2012 |
|
DIN No.: |
05263352 |
|
|
|
|
Name : |
Michael Anthony Mcguire |
|
Designation : |
Director |
|
Address : |
8702 C3, Uxbridge RR1, ON L9P 1R1 Uxbridge |
|
Date of Birth/Age : |
15/10/1956 |
|
Date of Appointment : |
27/09/2012 |
|
DIN No.: |
05268922 |
KEY EXECUTIVES
|
Name : |
Mr. Ashutosh |
|
Designation : |
HR Department |
|
|
|
|
Name : |
Mr. Jigarkumar Ghanshyambhai Patel |
|
Designation : |
Secretary |
|
Address : |
D-201, Devsya Avenue, Near Divya Jyot Tenament, Behind Shyam Farm,
Nikol Naroda Road, Nikol, Ahmedabad – 382350, Gujarat, India |
|
Date of Birth/Age : |
18.02.1985 |
|
Date of Appointment : |
15.06.2009 |
|
PAN No.: |
APHPP2767D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Koch Chemical Technology Group Singapore Pte. Limited, Singapore |
|
6264269 |
|
Koch Australia Pty Limited, Australia |
|
4 |
|
Ashok Chhaganlal Pratap |
|
6 |
|
|
|
|
|
Total
|
|
6264279 |
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2012
|
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 : |
Manufacturer, Exporter and Service Provider of Chemical. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
European Countries |
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Cash and Credit |
||||||||
|
|
|
||||||||
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Mass Transfer Equipments |
Tonnes |
1752 |
Note:
Licensed Installed capacity is not applicable
to the company
GENERAL INFORMATION
|
Customers : |
Wholesalers and End Users |
|
|
|
|
No. of Employees : |
500 (Approximately) |
|
|
|
|
Bankers : |
ABN Amro Bank N.V., 7, Alkapuri, Vadodara - 390007, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. C. Mehta and Company Chartered Accountants |
|
Address : |
2nd Floor, Meghdhanush, Race Cource, Vadodara -390007, |
|
Tel. No.: |
91-265-2341626 / 3086400 |
|
Fax No.: |
91-265-3086444 / 455 / 466 |
|
E-Mail : |
|
|
Website : |
|
|
PAN.: |
AABFK1558J |
|
|
|
|
Holding Company
: |
· Koch Chem Tech Group Singapore Pte. Limited · Koch-Austrelia Pty. Limited |
|
|
·
|
|
Ultimate Hold
Company : |
· KCTC, LLC · Koch Chemical Technology Group Mauritius, Inc · KG Holding LLC · Koch Chem Tech Group LLC · Koch Resources, LLC · Koch Industries, Inc. - Corporate |
|
|
·
|
|
Affiliates : |
· Koch Membrance Systems US · Koch-Glitsch GmbH · Koch-Glitsch Italia Srl · John Zink Company LLC · John Zink Company KEU GmbH · John Zink International Luxembourg SARL · Koch-Chemical Tech. Group Italia Sarl · Koch-Glitsch UK · Koch-Glitsch BVBA. · Koch Specialty Plant Services · Koch-Glitsch Asia Pacific · KG Process Innovations Sro · Koch-Glitsch France Sarl · John Zink Asia Pacific · Koch-Glitsch Korea Limited · Koch-Chemical Technology Group S.A. de c.v. · Koch Heat Transfer Company, LP · Koch-Glitsch LP · Koch Chemical Techno. (WUXI) Comapny Limited · Invista Sales and Services India Private Limited · Koch Heat Transfer Canada LP · Koch-Glitsch Canada LP · Koch Glitsch Japan · Coen Company Inc. |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6264279 |
Equity Shares |
Rs.10/- each |
Rs.62.643
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
62.643 |
62.643 |
73.697 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1149.908 |
890.947 |
948.103 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1212.551 |
953.590 |
1021.800 |
|
|
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 |
1212.551 |
953.590 |
1021.800 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
236.346 |
247.545 |
147.898 |
|
|
Capital work-in-progress |
1.797 |
2.367 |
17.463 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
4.085 |
3.347 |
3.990 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
282.079
|
328.577 |
204.763 |
|
|
Sundry Debtors |
172.237
|
146.733 |
93.567 |
|
|
Cash & Bank Balances |
555.227
|
316.972 |
659.209 |
|
|
Other Current Assets |
0.231
|
0.139 |
0.290 |
|
|
Loans & Advances |
109.301
|
115.290 |
56.633 |
|
Total
Current Assets |
1119.075
|
907.711 |
1014.462 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
65.097
|
116.476 |
74.479 |
|
|
Other Current Liabilities |
40.013
|
76.520 |
75.227 |
|
|
Provisions |
43.642
|
14.384 |
12.307 |
|
Total
Current Liabilities |
148.752
|
207.380 |
162.013 |
|
|
Net Current Assets |
970.323
|
700.331 |
852.449 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1212.551 |
953.590 |
1021.800 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1245.070 |
960.320 |
865.499 |
|
|
|
Other Income |
129.400 |
68.980 |
6.046 |
|
|
|
TOTAL (A) |
1374.470 |
1029.300 |
871.545 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Materials Consumed |
|
|
334.708 |
|
|
|
Personnel Expenses |
|
|
103.457 |
|
|
|
Operating and other Expenses |
|
|
175.446 |
|
|
|
TOTAL (B) |
NA |
NA |
613.611 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
348.242 |
228.361 |
257.934 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES (D) |
3.884 |
3.141 |
3.331 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
344.358 |
225.220 |
254.603 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
37.096 |
30.984 |
38.156 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
389.222 |
262.486 |
216.447 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
130.259 |
76.441 |
67.147 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
258.961 |
186.045 |
149.300 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
879.844 |
948.055 |
798.755 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Capital redemption Reserve |
0.000 |
11.054 |
0.000 |
|
|
|
Utilized for Buy Back of Shares |
0.000 |
243.201 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1138.805 |
879.844 |
948.055 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
249.910 |
383.553 |
|
|
|
Engineering Services |
|
130.783 |
116.083 |
|
|
|
Sales Domestic remittance in FC |
|
0.406 |
0.000 |
|
|
|
Other Earnings |
|
1.984 |
2.681 |
|
|
TOTAL EARNINGS |
NA |
383.083 |
502.317 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Export Earnings |
|
249.910 |
383.553 |
|
|
|
Engineering Services |
|
130.783 |
116.083 |
|
|
|
Sales Domestic remittance in FC |
NA |
0.406 |
0.000 |
|
|
|
Other Earnings |
|
1.984 |
2.681 |
|
|
TOTAL IMPORTS |
NA |
383.083 |
502.317 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
41.34 |
25.87 |
20.26 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
18.84 |
18.07
|
17.13 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
31.26 |
27.33
|
25.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.72 |
22.72
|
18.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.28
|
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.52 |
4.37
|
6.26 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS:
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
65.097
|
116.476 |
74.479 |
|
|
|
|
|
|
Total |
65.097
|
116.476 |
74.479 |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
RESULT OF OPERATIONS
FY 2011-12 was a challenging year. The company had doubled the capacity of their ETO product and therefore it was a challenge to use fullest possible expanded capacity. At the same time, global economy, barely a year after recession, witnessed lower economy growth. The oil prices were high which resulted in to uncertainties of supply. Despite these constraints and the challenging environment, the company performed very well and the highlights are as under:
The company registered a net turnover of Rs. 1245.070
millions against Rs. 960.320 millions during the previous financial year, a
growth of 30%. The company registered a EBDT of Rs. 352.130 millions as
compared to Rs. 231.500 millions and increase of Rs. 120.63 million during the
previous financial year and net profit after tax for the year was Rs. 258.960
millions as against Rs. 186.040 millions in the previous physical year and
increase of 28%. The year 2011-12 was a very good year for the company in which
booking for domestic jobs were Rs. 354.090 millions and export jobs were Rs.
786.540 millions and therefore total was Rs. 1140.630 millions.
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Factory Equipments
· Furniture and Fixtures
· Vehicles
· Computer Equipments
Intangible Assets
· Goodwill
· 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 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 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.54.17 |
|
|
1 |
Rs.82.45 |
|
Euro |
1 |
Rs.70.70 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
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 |
7 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
58 |
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.