MIRA
INFORM REPORT
|
Report Date : |
24.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
INTERNATIONAL PACKAGING PRODUCTS PRIVATE LIMITED (w.e.f. 31.03.2005) |
|
|
|
|
Formerly Known
As : |
INTERNATIONAL PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 602, 6th Floor, Antrishk Thakoor House, CTS No.
773, Makwana Road, Marol, Andheri (East), Mumbai-400093, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.12.2000 |
|
|
|
|
Com. Reg. No.: |
11-130009 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 247.429
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21014MH2000PTC130009 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEI05289E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI7987D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and
Sale of plastic woven fabric in roll form and converted Industrial fabrics
and woven coated and printed fabrics, etc. |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3490000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
There appears slight dip in profitability during 2012. However, general financial position seems to be good. Trade relations
are reported to be fair. Business is active. Payments are reported to be
usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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. Harish |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-2222-67416620 |
|
Date : |
23.07.2013 |
LOCATIONS
|
Registered Office : |
Unit No. 602, 6th Floor, Antrishk Thakoor House, CTS No.
773, Makwana Road, Marol, Andheri (East), Mumbai-400093, Maharashtra, India |
|
Tel. No.: |
91-22-67416620 / 00 |
|
Mobile No.: |
91-9824732747 (Mr. Dharmesh) |
|
Fax No.: |
91-22-67416699 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2378 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Survey No. 380/2, |
|
Tel. No.: |
91-260-2699385 to 388 |
|
Fax No.: |
91-260-2699390 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Baldev Singh Shokar |
|
Designation : |
Director |
|
Address : |
3076 Yellow Cedar Pl Coquitlasm BC, British Columbia, Canada, V3E2Y7 |
|
Date of Birth/Age : |
03.02.1950 |
|
Date of Appointment : |
10.01.2001 |
|
DIN No.: |
00265320 |
|
|
|
|
Name : |
Mr. Robert Alexander Milne |
|
Designation : |
Director |
|
Address : |
2201, 303 Jervis St. |
|
Date of Birth/Age : |
01.10.1952 |
|
Date of Appointment : |
10.01.2001 |
|
DIN No.: |
00458105 |
|
|
|
|
Name : |
Mr. Durgesh Srivastava |
|
Designation : |
Director |
|
Address : |
Flat No. 203, Umang A, |
|
Date of Birth/Age : |
10.05.1969 |
|
Date of Appointment : |
31.07.2008 |
|
DIN No.: |
02313463 |
KEY EXECUTIVES
|
Name : |
Mr. Guru |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Mr. Harish |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Equity Shareholders |
|
No. of Shares |
|
640713 British Columbia Limited, |
|
121465 |
|
640714 British Columbia Limited, |
|
121465 |
|
Total |
|
242930 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
640713 British Columbia Limited, |
|
12251200 |
|
640714 British Columbia Limited, |
|
12248800 |
|
Total |
|
24500000 |
AS ON 30.09.2011
|
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 : |
Manufacturing and
Sale of plastic woven fabric in roll form and converted Industrial fabrics
and woven coated and printed fabrics, etc. |
|
|
|
|
Exports : |
|
|
Countries : |
·
Canada ·
USA |
|
|
|
|
Terms : |
|
|
Selling : |
L/C / Cash / Credit |
|
|
|
|
Purchasing : |
L/C / Cash / Credit |
GENERAL INFORMATION
|
Customers : |
Others |
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|
||||||||||||
|
No. of Employees : |
600 (Approximately) |
||||||||||||
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|
|
||||||||||||
|
Bankers : |
Ø
HDFC
Bank Limited, 1st Floor, Crossway Mall, Ghoddod Road, Surat – 395007,
Gujarat, India Ø Barclays Bank Plc, 601/603, Ceejay House,
Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra,
India |
||||||||||||
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|
|
||||||||||||
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Facilities : |
|
||||||||||||
|
|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi
and Company Chartered Accountants |
|
Address : |
14th Floor, The
Ruby 29, Senapati Bapat Marg Dadar-West Mumbai – 400028, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AALFS0506L |
|
|
|
|
Holding company : |
Ø 640713 British
Columbia Limited Ø 640714 British
Columbia Limited |
|
|
|
|
Associates : |
Ø IBCO SRL Ø InterWarp Inc. Ø InterWrap
Polymer Products Private Limited [U25209MH2006PTC163837] Ø Quindago Novia
Polymer Company Limited Ø Shubh-Nil Yarns
Private Limited [U20296MH1997PTC107904] Ø Poly Trading
Inc. Ø InterWrap
Corporation Ø Milne Management
Inc. Ø Daro Energy
Private Limited [U40100GJ2005PTC046328] |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
|
24,500,000 |
Preference Shares |
Rs. 10/- each |
Rs.245.000 Millions |
|
|
Total |
|
Rs.250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
242,930 |
Equity Shares |
Rs. 10/- each |
Rs. 2.429 Millions |
|
24,500,000 |
Preference Shares |
Rs. 10/- each |
Rs.245.000 Millions |
|
|
Total |
|
Rs.247.429 Millions
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
247.429 |
247.429 |
|
(b) Reserves & Surplus |
|
625.782 |
578.729 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
873.211 |
826.158 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
11.657 |
8.740 |
|
(c) Other long term liabilities |
|
6.983 |
0.000 |
|
(d) long-term provisions |
|
3.142 |
0.507 |
|
Total Non-current Liabilities (3) |
|
21.782 |
9.247 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
311.024 |
196.219 |
|
(b) Trade payables |
|
127.588 |
101.203 |
|
(c) Other current
liabilities |
|
65.170 |
45.161 |
|
(d) Short-term provisions |
|
8.737 |
21.478 |
|
Total Current Liabilities (4) |
|
512.519 |
364.061 |
|
|
|
|
|
|
TOTAL |
|
1407.512 |
1199.466 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
651.214 |
613.220 |
|
(ii) Intangible Assets |
|
0.340 |
0.542 |
|
(iii) Capital
work-in-progress |
|
17.992 |
3.652 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
2.500 |
2.500 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
36.930 |
45.247 |
|
(e) Other Non-current assets |
|
6.220 |
8.371 |
|
Total Non-Current Assets |
|
715.196 |
673.532 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
330.447 |
295.150 |
|
(c) Trade receivables |
|
220.313 |
162.311 |
|
(d) Cash and cash
equivalents |
|
45.522 |
10.454 |
|
(e) Short-term loans and
advances |
|
95.908 |
57.544 |
|
(f) Other current assets |
|
0.126 |
0.475 |
|
Total Current Assets |
|
692.316 |
525.934 |
|
|
|
|
|
|
TOTAL |
|
1407.512 |
1199.466 |
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
247.429 |
247.429 |
247.429 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
625.782 |
578.729 |
475.036 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
873.211 |
826.158 |
722.465 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
311.024 |
196.219 |
171.024 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
5.703 |
|
|
TOTAL BORROWING |
311.024 |
196.219 |
176.727 |
|
|
DEFERRED TAX LIABILITIES |
11.657 |
8.740 |
5.495 |
|
|
|
|
|
|
|
|
TOTAL |
1195.892 |
1031.117 |
904.687 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
651.554 |
613.762 |
575.428 |
|
|
Capital work-in-progress |
17.992 |
3.652 |
13.681 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.500 |
2.500 |
47.834 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
330.447
|
295.150
|
237.752
|
|
|
Sundry Debtors |
220.313
|
162.311
|
85.427
|
|
|
Cash & Bank Balances |
45.522
|
10.454
|
53.672
|
|
|
Other Current Assets |
6.346
|
8.846
|
2.450
|
|
|
Loans & Advances |
132.838
|
102.791
|
95.527
|
|
Total
Current Assets |
735.466
|
579.552
|
474.828
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
127.588
|
101.203 |
159.403 |
|
|
Other Current Liabilities |
72.153
|
45.161
|
4.583
|
|
|
Provisions |
11.879
|
21.985
|
43.098
|
|
Total
Current Liabilities |
211.620
|
168.349
|
207.084
|
|
|
Net Current Assets |
523.846
|
411.203
|
267.744
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1195.892 |
1031.117 |
904.687 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
2471.803 |
2025.685 |
1466.386 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2471.803 |
2025.685 |
1466.386 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
2275.496 |
1801.786 |
1394.855 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
2275.496 |
1801.786 |
1394.855 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE PRIOR PERIOD ADJUSTMENT |
0.000 |
0.000 |
71.531 |
|
|
|
|
|
|
|
|
|
|
ADJUSTMENT
PERTAINING TO EARLIER YEARS |
0.000 |
0.000 |
(1.218) |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
81.341 |
122.055 |
70.313 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
28.593 |
12.647 |
4.418 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
52.748 |
109.408 |
65.895 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
577.732 |
474.038 |
413.875 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
|
N.A. |
103.694 |
60.162 |
|
|
|
Dividend |
|
4.900 |
4.900 |
|
|
|
Tax on Dividend |
|
0.814 |
0.833 |
|
|
BALANCE CARRIED
TO THE B/S |
N.A. |
577.732 |
474.038 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2137.653 |
1778.877 |
1219.412 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.13 |
4.42 |
2.66 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
2400.000 |
|
|
|
|
Due to market
recession |
The above information has been parted by Mr. Harish
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.13
|
5.40
|
4.49
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.86
|
10.23
|
6.69
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.15
|
0.10
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.36
|
0.24
|
0.24
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.44
|
2.29
|
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Current maturities of long-term debt |
13.966 |
4.959 |
0.000 |
|
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 |
Yes |
|
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% |
Yes |
|
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 |
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 |
No |
CORPORATE INFORMATION
Subject is a
private company domiciled in India and incorporated under the provisions of the
Companies Act, 1956. The Company is engaged in the business of manufacturing
and sale of plastic woven fabric in roll form and converted Industrial fabrics
and woven coated and printed fabrics, etc.
OPERATIONS
During the period
under consideration the company has shown a satisfactory performance. The Board
foresee a good business and opportunities ahead in the ensuing years.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured Rs. In Millions |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10368907 |
09/06/2012 |
400.000 |
HDFC BANK LIMITED |
1st Floor, Crossway Mall, Ghoddod Road, Surat - 395007, Gujarat, India |
B45046240 |
|
2 |
10345180 |
02/03/2012 |
400.000 |
HDFC BANK LIMITED |
Hdfc Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
B36138444 |
|
3 |
10349210 |
23/02/2012 |
75.344 |
BANK OF BARODA |
Silvassa Branch, Opposite Pioneer Hotel, Adivasib |
B37416054 |
|
4 |
10156435 |
28/10/2010 * |
250.000 |
Barclays Bank Plc |
601/603, Ceejay House, Shivsagar Estate, Dr. Anni |
A97018618 |
|
5 |
10156434 |
23/04/2009 |
120.000 |
BARCLAYS BANK PLC. |
Ceejay House, Shivsagar Estate,, Dr. A. Beasant Roa |
A61819165 |
FIXED ASSETS:
· Freehold Land
· Factory Building
· Administration Building
· Electrical Installation
· Furniture and Fixture
· Computer
· Vehicles
· Office Equipments
·
Plant and Machinery
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.59.69 |
|
|
1 |
Rs.91.66 |
|
Euro |
1 |
Rs.78.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.