MIRA INFORM REPORT
|
Report Date : |
19.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
TOYO INK INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-288, Oklha Industrial Area, Phase – I, New Delhi - 110020 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2011 |
|
|
|
|
Date of
Incorporation : |
03.08.2006 |
|
|
|
|
Com. Reg. No.: |
55-151575 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 946.300
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219DL2006PTC151575 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM13911C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT5137A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Printing Inks. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3440000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a subsidiary of ‘Toyo Ink SC Holdings Company Limited,
Japan’. It is an established company having a moderate track record. The company has been incurring loss from its operation past two years.
There appears some accumulated loss recorded by the company. However, trade relations are reported as fair. Business is active.
Payment terms are slow. The company can be considered for business dealings with some caution.
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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
MANAGEMENT NON CORPORATIVE (91-120-2935002)
LOCATIONS
|
Registered Office/ Delhi Depot : |
A-288, Oklha Industrial Area, Phase – I, New Delhi – 110020, India |
|
Tel. No.: |
91-11-45720117/ 118 |
|
Fax No.: |
91-11-45720119 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory/ Headquarter : |
Plot No. 17, Ecotech-III, Udyog Kendra, District Greater Noida -
201306, Gautam Budh Nagar, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2935002/ 5004/ 5005 |
|
Fax No.: |
91-120-2397100 |
|
E-Mail : |
|
|
|
|
|
Mumbai Depot : |
Building No. 8 Shah Industrial Plaza S. No.
/H. No. 57/1 Village Sativali, Taluka Vasai District Thane - 401208,
Maharashtra, India |
|
Tel. No.: |
91-9320-440360/ 61 |
|
|
|
|
Manufacturing Network : |
Located at: Ø Kerala Ø Goa Ø Orissa Ø Chattishgarh Ø Jharkhand Ø Madhya Pradesh Ø Bihar Ø Assam Ø Meghalaya Ø Arunachal Pradesh Ø Nagaland Ø Manipur Ø Mizoram Ø Himachal Pradesh Ø Haryana Ø Uttaranchal Ø Uttar Pradesh Ø Rajasthan |
|
|
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|
Sales Representatives : |
Located at: Ø Punjab Ø West Bengal Ø Gujarat Ø Maharashtra Ø Andhra Pradesh Ø Karnataka Ø Tamilnadu |
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|
|
|
Overseas Office : |
3-13, Kyobashi
2-chome, Chuo-ku, Tokyo, 104 8377 Japan |
|
Tel. No.: |
81-3-3272-5731 |
|
Fax No.: |
81-3-3278-8688 |
|
Website : |
DIRECTORS
AS ON 25.06.2012
|
Name : |
Mr. Bodi Singh Kampani |
|
Designation : |
President, Managing Director |
|
Address : |
B-601, Shangrila Apartment, 7 Bunglows, Andheri (West),
Mumbai - 400058, Maharashtra |
|
Date of Birth/Age : |
28.03.1952 |
|
Date of Appointment : |
01.06.2007 |
|
DIN No.: |
00046415 |
|
|
|
|
Name : |
Mr. Masahiro Ueda |
|
Designation : |
Director |
|
Address : |
Tenma, 675-11 Fuji-Shi, Shizuoka-Ken Tokyo, Japan 1040031 |
|
Date of Birth/Age : |
08.10.1947 |
|
Date of Appointment : |
25.06.2012 |
|
DIN No.: |
03608044 |
|
|
|
|
Name : |
Mr. Shingo Nishikaze |
|
Designation : |
Whole-time director |
|
Address : |
2-3-13 Kyobashi Chuo-Ward Tokyo, Japan 1048377 |
|
Date of Birth/Age : |
13.06.1961 |
|
Date of Appointment : |
12.03.2012 |
|
DIN No.: |
05239862 |
|
|
|
|
Name : |
Mr. Takashi Imaizumi |
|
Designation : |
Director |
|
Address : |
22-92, Vmegaoka, Aobaku Yokohama, Japan 2270052 |
|
Date of Birth/Age : |
24.08.1966 |
|
Date of Appointment : |
25.06.2012 |
|
DIN No.: |
05239877 |
|
|
|
|
Name : |
Mr. Masahiro Fujii |
|
Designation : |
Director |
|
Address : |
4-23-7, Koganehara, Matsudo-City,
Chiba-Prefecture, Matsudo, Japan 2700021 |
|
Date of Birth/Age : |
11.07.1965 |
|
Date of Appointment : |
25.06.2012 |
|
DIN No.: |
05241503 |
KEY EXECUTIVES
|
Name : |
Mr. Rahul Prasad |
|
Designation : |
Secretary |
|
Address : |
Flat No. 115, United India Apartment, Mayur Vihar, Phase I
(Extension), East Delhi – 110091, India
|
|
Date of Birth/Age : |
13.07.1975 |
|
Date of Appointment : |
07.02.2012 |
|
PAN No.: |
ALXPP2706L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Toyo Ink SC Holdings Company Limited, Japan |
|
129620000 |
|
Toyo Ink Pan Pacific Pte Limited, Singapore |
|
10000 |
|
|
|
|
|
Total |
|
129630000 |
AS ON 29.11.2012
|
Names of Shareholders |
|
No. of Shares |
|
Toyo Ink SC Holdings Company Limited, Japan |
|
24300000 |
|
|
|
|
|
Total |
|
24300000 |
AS ON 25.06.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
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 of Printing Inks. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.12.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity* |
Actual
Production |
|
Printing ink |
Kgs |
N.A. |
4,815,000 |
1,908,156 |
*Installed capacity is as certified by the management and has not been
verified by the auditors, it being a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Not Available |
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Facilities : |
|
||||||||||||
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
BSR and Associates Chartered Accountants |
|
Address : |
Building No. 10,
8th Floor, Tower-B, DLF Cyber City, Phase-II, Gurgaon – 122002, Haryana,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFB6889R |
|
|
|
|
Holding company : |
Ø Toyo Ink SC
Holdings Company Limited, Japan (formerly known as Toyo Ink Mfg. Company
Limited, Japan) |
|
|
|
|
Subsidiary
Company : |
Ø Toyo Ink
Businessnetwork India Private Limited (formerly known as Technova Toyo Ink
Private Limited) [U74900DL2007PTC168260] |
|
|
|
|
Fellow
Subsidiary : |
Ø Toyo Chem Ink Pte. Limited Ø Toyo Ink Company Limited Ø Toyo Chem SDN BHD Ø Toyo Ink (Thailand) Company Limited Ø Toyo Ink Coating (Thailand) Company Limited Ø Toyo Ink Europe (Paris) S.A.S. Ø Toyo Ink Asia Limited Ø Toyo Ink Europe S.A. Ø Toyo Chem
Speciality Chemical Limited Ø Toyo Morton Limited Ø Toyo Ink (Middle East) Ftz Ø PT. Toyo Ink Indonesia |
CAPITAL STRUCTURE
AFTER 25.06.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
160,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1600.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
153,930,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1539.300
Millions |
|
|
|
|
|
AS ON 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 950.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
94,630,000 |
Equity Shares |
Rs. 10/- each |
Rs. 946.300
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 |
946.300 |
671.300 |
671.300 |
|
|
2] Share Application Money |
270.000 |
275.000 |
0.000 |
|
|
3] Reserves & Surplus |
45.700 |
45.700 |
45.700 |
|
|
4] (Accumulated Losses) |
(401.724) |
(244.485) |
(164.201) |
|
|
NETWORTH |
860.276 |
747.515 |
552.799 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.187 |
1.965 |
15.133 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
26.748 |
|
|
TOTAL BORROWING |
1.187 |
1.965 |
41.881 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
861.463 |
749.480 |
594.680 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
445.106 |
455.066 |
464.777 |
|
|
Capital work-in-progress |
98.922 |
26.854 |
0.270 |
|
|
|
|
|
|
|
|
INVESTMENT |
9.455 |
22.688 |
7.650 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
173.250
|
68.992 |
42.149
|
|
|
Sundry Debtors |
188.226
|
92.228 |
73.397
|
|
|
Cash & Bank Balances |
86.016
|
36.472 |
34.963
|
|
|
Other Current Assets |
0.623
|
0.183 |
2.580
|
|
|
Loans & Advances |
35.074
|
96.864 |
25.135
|
|
Total
Current Assets |
483.189
|
294.739 |
178.224 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
168.898
|
45.767 |
49.349
|
|
|
Other Current Liabilities |
5.867
|
3.741 |
5.536
|
|
|
Provisions |
0.444
|
0.359 |
1.356
|
|
Total
Current Liabilities |
175.209
|
49.867 |
56.241 |
|
|
Net Current Assets |
307.980
|
244.872 |
121.983
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
861.463 |
749.480 |
594.680 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
576.242 |
248.343 |
115.296 |
|
|
|
Other Income |
N.A. |
N.A. |
4.826 |
|
|
|
TOTAL (A) |
N.A. |
N.A. |
120.122 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sole |
|
|
81.925 |
|
|
|
Excise Duty |
|
|
0.076 |
|
|
|
Personnel Expenses |
|
|
37.761 |
|
|
|
Operating And Other Expenses |
|
|
37.090 |
|
|
|
Prior Period Expense |
|
|
0.928 |
|
|
|
TOTAL (B) |
N.A. |
N.A. |
157.780 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
(37.658) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
1.730 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
(39.388) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
30.395 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(157.239) |
(80.284) |
(69.783) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
N.A. |
N.A. |
0.207 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
N.A. |
N.A. |
(69.990) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
N.A. |
N.A. |
(94.209) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
N.A. |
N.A. |
(164.199) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
50.518 |
15.287 |
8.853 |
|
|
|
Stores & Spares |
0.000 |
0.116 |
0.000 |
|
|
|
Capital Goods |
7.589 |
0.000 |
3.900 |
|
|
TOTAL IMPORTS |
58.107 |
15.403 |
12.753 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.78) |
(1.20) |
(1.09) |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
N.A. |
N.A. |
(58.27) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(27.29)
|
(32.33)
|
(60.53) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(16.94)
|
(10.71)
|
(10.85) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.18)
|
(0.11)
|
(0.13) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.76
|
5.91 |
3.17 |
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) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
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 |
No |
|
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 |
FINANCIAL HIGHLIGHTS
During the year, the
company has increased its sales to a considerable extent as compared to
previous year figure. However, the net loss for the period has also increased
from Rs. 80.284 Millions to 157.237 Millions.
The responses in the
market of its offset printing ink products are very good. The Company is coming
up with a new factory for Gravure Inks at the existing premises at Greater
Noida factory. In addition to that, the Company has already introduced in the
market the liquid inks and can coating inks. Presently, these inks are imported
from other sister concerns from south Asian countries and are being sold.
The company has
very ambitious business plans not only for India but worldwide. The mother
company Toyo Ink SC Holdings Company Limited (Previously known as (Toyo Ink Mfg
Company Limited) is looking forward to transferring its global products profile
to the Company. Some new products had already been introduced in the market to
lure new customers. The possibilities for new export markets have also been
explored. It is observed by the directors that there is huge potential in the
export market. The directors of the company are hopeful that at the end of the
next financial year the company will be in a much better financial position in
terms of sales and loss.
FIXED ASSETS:
Ø Leasehold land
Ø Factory building
Ø Plant and machinery
Ø Office equipments
Ø Computers
Ø Vehicles
Ø Furniture
and fixtures
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. 61.82 |
|
|
1 |
Rs. 96.57 |
|
Euro |
1 |
Rs. 82.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.