MIRA
INFORM REPORT
|
Report Date : |
02.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMCOR FLEXIBLES INDIA PRIVATE LIMITED (w.e.f. 03.01.2011) |
|
|
|
|
Formerly Known
As : |
ALCAN INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
403 IVY Centre, 4 Prabhat Nagar, Jogeshwari (West), Mumbai – 400102,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.12.2006 |
|
|
|
|
Com. Reg. No.: |
11-166397 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 877.504 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27203MH2006FTC166397 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA29188F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA0510J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Aluminium Foils. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (17) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is subsidiary of ‘Amcor’ Singapore Pte. Limited.’ It is an
established company having a moderate track record. It has been incurring losses from its operations past some years.
There appear huge accumulated losses recorded by the company which appears to
be increasing over years. The financial position of the company is under severe pressure. However, trade relations are reported as fair. Business is active.
Payments terms are slow. The company can be considered for business dealings on a safe and
secured 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
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 |
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. Mukesh |
|
Designation : |
Sales Manager |
|
Contact No.: |
91-9004391152 |
|
Date : |
31.01.2013 |
LOCATIONS
|
Registered Office / Sales Offce 1 : |
403 IVY Centre, 4 Prabhat Nagar, Jogeshwari (West), Mumbai – 400102,
Maharashtra, India |
|
Tel. No.: |
91-22-30045231 |
|
Mobile No.: |
91-9004391152 (Mr. Mukesh) |
|
Fax No.: |
91-22-30045232 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Sales Office 2 : |
6th Floor, Technopolis, Sector 54 DLF Golf Course Road,
Gurgaon 122002, Haryana, India |
|
Tel. No.: |
91-124-4626331 |
|
Fax No.: |
91-124-4626273 |
|
|
|
|
Sales Office 3 : |
Also Located at : ·
Uttar Pradesh ·
Maharashtra |
|
|
|
|
Factory 1 : |
Gat No 222 And 152A, Chakan-Talegaon Road, Mahalunge, Tal: Khed Dist,
Pune-410501, Maharashtra, India |
|
Tel No.: |
91-2135-259598 |
|
Fax No.: |
91-2135-259271 |
|
|
|
|
Factory 2 : |
Plot No. F1, Sector-7, IIE, SIDCUL Haridwar – 249403, Uttarakhand,
India |
|
Tel No.: |
91-1334-239830 |
|
Fax No.: |
91-1334-239456 |
|
|
|
|
Factory 3 : |
Gat No. 119-123, Alandi-Markal Roa Village Dhanore, Taluka – Khed,
Pune – 412105, Maharashtra, India |
|
Tel No.: |
91-2135-232537 |
|
|
|
|
Branch Offices : |
Located At: ·
Bangalore ·
Hyderabad ·
Haridwar |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Anant Madhav Gadre |
|
Designation : |
Director |
|
Address : |
Flat No. 102, Building 2b, Rajgiri, Siddhachal Complex, Off Pokharan
Road No. 2, Thane (West) – 400601, Maharashtra, India |
|
Date of Birth/Age : |
24.03.1965 |
|
Date of Appointment : |
07.02.2008 |
|
PAN No.: |
ADJPG6740R |
|
DIN No.: |
01963880 |
|
|
|
|
Name : |
Mr. Sanjeev Kumar Dhiman |
|
Designation : |
Director |
|
Address : |
19 Swaran Villa, Yogi Vihar Jwalapur,
Haridwar- 249407, Uttarakhand, India |
|
Date of Birth/Age : |
05.08.1971 |
|
Date of Appointment : |
27.09.2011 |
|
PAN No.: |
ABBPD3370L |
|
DIN No.: |
02796730 |
|
|
|
|
Name : |
Mr. Andrew John Terry |
|
Designation : |
Director |
|
Address : |
No. 15, Lorong Selangat, Singapore, 358708 |
|
Date of Birth/Age : |
21.05.1969 |
|
Date of Appointment : |
15.10.2010 |
|
DIN No.: |
03474186 |
|
|
|
|
Name : |
Mr. Ralf Klaus Wunderlich |
|
Designation : |
Director |
|
Address : |
5 Woollerton Park, Woollerton Park,
Singapore 257513 |
|
Date of Birth/Age : |
24.03.1966 |
|
Date of Appointment : |
15.10.2010 |
|
DIN No.: |
03474198 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjeev Kumar Dhiman |
|
Designation : |
Secretary |
|
Address : |
19 Swaran Villa, Yogi Vihar Jwalapur, Haridwar, Uttarakhand- 249407 |
|
Date of Birth/Age : |
05.08.1971 |
|
Date of Appointment : |
13.07.2010 |
|
PAN No.: |
ABBPD3370L |
|
|
|
|
Name : |
Mr. Mukesh |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Amcor Singapore Private Limited, Singapore |
|
87750364 |
|
Amcor Holdings (Australia) Pty Limited, Australia |
|
1 |
|
Total |
|
87750365 |
Allottees as on 20.10.2012
|
Names of Shareholders |
|
No. of Shares |
|
Amcor Singapore Private Limited, Singapore |
|
12172695 |
|
Total |
|
12172695 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
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, Exporter and Importer of Aluminium Foils. |
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Products : |
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Exports : |
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Products : |
Finished goods |
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Countries : |
Germany |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Germany |
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Terms : |
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Selling : |
Credit (30 days) |
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|
||||
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Purchasing : |
Credit (30 days) and Advance |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Manufacturers ·
Ranbaxy Laboratories Limited ·
Cipla Limited |
|
|
|
|
No. of Employees : |
400 (Approximately) |
|
|
|
|
Bankers : |
Standard Chartered Bank, Goregaon (East) , Mumbai, Maharashtra, India Tel. No.: 91-22-66014444 |
|
|
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
252,
Veersawarkar Marg, Shivaji Park, Dadar (West), Mumbai – 400028, Maharashtra,
India |
|
PAN.: |
AAEFP5579P |
|
|
|
|
Holding company
: |
·
Amcor Singapore Pte. Limited, Singapore |
|
|
|
|
Ultimate Holding
company : |
·
Amcor Limited, Australia |
|
|
|
|
Fellow
Subsidiary company : |
·
Amcor Europe Group Management ·
Amcor Flexible Montreuil Bellay, France ·
Amcor Flexibles ANZ, Australia ·
Amcor Flexibles Bangkok Company Limited, Thailand ·
Amcor Flexibles China Company Limited, China ·
Amcor France SAS, France ·
Amcor Jinangyin Propack Packing Company Limited,
China ·
Amcor Packaging- Kruzlingen, AG, Germany ·
Amcor Packaging- Singen GMBH, Germany ·
Amcor Rigid Plastics India Private Limited, India PAN No. :AADCS6330D CIN No.: U25207PN1995PTC108220 ·
Amcor Singapore Pte. Limited, Singapore |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/- each |
Rs.1200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
87750365 |
Equity Shares |
Rs.10/- each |
Rs.877.504
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 |
877.504 |
877.504 |
752.211 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.199 |
|
|
4] (Accumulated Losses) |
(867.109) |
(822.641) |
(717.583) |
|
|
NETWORTH |
10.395 |
54.863 |
34.827 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
644.107 |
443.474 |
537.087 |
|
|
TOTAL BORROWING |
644.107 |
443.474 |
537.087 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
654.502 |
498.337 |
571.914 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
471.142 |
431.345 |
462.921 |
|
|
Capital work-in-progress |
0.734 |
0.073 |
4.876 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
211.172
|
138.320
|
109.559
|
|
|
Sundry Debtors |
173.912
|
167.399
|
108.173
|
|
|
Cash & Bank Balances |
32.371
|
26.857
|
33.004
|
|
|
Other Current Assets |
15.611 |
8.071 |
0.000 |
|
|
Loans & Advances |
83.454
|
79.702
|
46.158
|
|
Total
Current Assets |
516.520
|
420.349
|
296.894
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
214.095
|
220.283
|
181.457
|
|
|
Other Current Liabilities |
111.141
|
124.462
|
6.235
|
|
|
Provisions |
8.658
|
8.685
|
5.085
|
|
Total
Current Liabilities |
333.894
|
353.430
|
192.777
|
|
|
Net Current Assets |
182.626
|
66.919
|
104.117
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
654.502 |
498.337 |
571.914 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
1240.141 |
706.773 |
|
|
|
Operating Income |
|
|
0.000 |
|
|
|
Other Income |
|
|
11.708 |
|
|
|
TOTAL (A) |
1754.857 |
1240.141 |
718.481 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
|
|
531.725 |
|
|
|
Manufacturing Expenses |
|
|
85.133 |
|
|
|
Personnel Cost |
|
|
56.895 |
|
|
|
Administrative Expenses |
|
|
0.000 |
|
|
|
Other Expenses |
|
|
360.500 |
|
|
|
TOTAL (B) |
|
|
1034.253 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
1799.325 |
1345.398 |
(315.772) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
41.293 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
|
|
(357.065) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
84.038 |
|
|
|
|
|
|
|
|
|
|
Prior Period
Income and Expenditures |
|
|
(0.758) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
NA |
NA |
(440.345) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(44.468) |
(105.257) |
(440.345) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(822.839) |
(717.582) |
(277.237) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(867.307) |
(822.839) |
(717.582) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
4.264 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
|
135.195 |
|
|
|
Stores & Spares |
NA |
NA |
0.688 |
|
|
|
Capital Goods |
|
|
47.816 |
|
|
TOTAL IMPORTS |
NA |
NA |
183.699 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(0.51) |
(1.38) |
(5.86) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(2.53)
|
(8.49)
|
(61.28)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
(62.30)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
(57.95)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
(12.64)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
61.96
|
8.08
|
15.42
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
1.19
|
1.54
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditor |
214.095
|
220.283
|
181.457
|
|
|
|
|
|
|
Total |
214.095
|
220.283
|
181.457
|
|
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 |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long term
Borrowing |
|
|
|
Rupee term loans from banks |
200.000 |
58.333 |
|
Short term Borrowing |
|
|
|
Rupee term loans from banks |
250.000 |
0.000 |
|
Rupee term loans from others |
0.000 |
175.000 |
|
Working capital loans from banks |
0.000 |
123.412 |
|
Loans and advances from others |
15.000 |
0.000 |
|
Other loans and advance |
179.107 |
86.729 |
|
Total |
644.107 |
443.474 |
Note:
The registered address of the company The Executive Centre, Level 2,
Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (East), Mumbai – 400055,
Maharashtra, India has been shifted to the present address w.e.f. 28.01.2011
FIXED ASSETS
·
Land
·
Building
·
Plant and Equipment
·
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.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
17 |
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.