MIRA
INFORM REPORT
|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
KLOECKNER PENTAPLAST INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
First Floor, Office No.105, Ninex Time Centre, Suncity, Sector 54,
Golf Course Road, Gurgaon-122002, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.01.2006 |
|
|
|
|
Com. Reg. No.: |
05-036006 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 400.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209HR2006PTC036006 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKK02725C |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Trader and Distributors of Pharmaceutical Films. |
|
|
|
|
No. of Employees
: |
4 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Kloeckner Pentaplast Netherlands BV”. It is an established company having a moderate track record. There
appear huge accumulated losses recorded by the company. The company has also
recorded modest scale of operation. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow. In view of strong holdings, the company can be considered 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 |
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. Lalit Mohan |
|
Designation : |
Director |
|
Contact No.: |
91-124-45585000 |
|
Date : |
25.06.2013 |
LOCATIONS
|
Registered Office : |
First Floor, Office No.105, Ninex Time Centre, Suncity, Sector 54,
Golf Course Road, Gurgaon-122002, Haryana, India |
|
Tel. No.: |
91-124-4585000 |
|
Fax No.: |
91-124-4585050 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 20.09.2012
|
Name : |
Mr. Gurdeep Singh |
|
Designation : |
Director |
|
Address : |
M-1, Breach Candy Apartments, Bhulabhai Desai Road, Mumbai-400026,
Maharashtra, India |
|
Date of Birth/Age : |
23.07.1944 |
|
Date of Appointment : |
04.02.2007 |
|
DIN No.: |
00036922 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L28920MH1949PLC006870 |
BLUE
STAR LIMITED |
Director |
23-05-03 |
23-05-03 |
- |
Active |
NO |
|
2 |
U99999MH1962PLC012316 |
PERFECT
CIRCLE INDIA LIMITED |
Director |
26-10-05 |
26-10-05 |
22-10-09 |
Active |
NO |
|
3 |
L31500UP1991PLC012944 |
HALONIX
LIMITED |
Director |
30-07-07 |
25-09-06 |
- |
Active |
NO |
|
4 |
U29299DL1984PTC018517 |
TECNOVA
INDIA PRIVATE LIMITED |
Director |
04-10-06 |
04-10-06 |
- |
Active |
NO |
|
5 |
U25209HR2006PTC036006 |
KLOECKNER
PENTAPLAST INDIA PRIVATE LIMITED |
Director |
04-02-07 |
04-02-07 |
- |
Active |
NO |
|
6 |
L29200MH1978PLC020434 |
EVEREST
KANTO CYLINDER LIMITED |
Director |
28-07-09 |
30-07-08 |
- |
Active |
NO |
|
7 |
L34101PN1961PLC015735 |
GABRIEL
INDIA LIMITED |
Director |
28-07-09 |
28-07-09 |
- |
Active |
NO |
|
8 |
U60231DL2005PLC138598 |
GATEWAY
RAIL FREIGHT LIMITED |
Director |
18-09-10 |
23-08-10 |
- |
Active |
NO |
|
Name : |
Mr. Lalit Mohan Dhameja |
|
Designation : |
Nominee Director |
|
Address : |
B2-B/167, Janak Puri, New Delhi-110058, India |
|
Date of Birth/Age : |
16.10.1970 |
|
Date of Appointment : |
22.04.2009 |
|
DIN No.: |
02660747 |
|
|
|
|
Name : |
Mr. Jean Chandonnay Claude |
|
Designation : |
Director |
|
Address : |
Hui Gong Yin Tuan, W 17, Chaoyang Pekin, China-100079 |
|
Date of Birth/Age : |
02.08.1972 |
|
Date of Appointment : |
12.12.2011 |
|
DIN No.: |
05208002 |
KEY EXECUTIVES
|
Name : |
Mr. Abhishek Bansal |
|
Designation : |
Secretary |
|
Address : |
1709, Sector 29, Faridabad-121008, Haryana, India |
|
Date of Birth/Age : |
30.07.1985 |
|
Date of Appointment : |
10.07.2009 |
|
PAN No.: |
ANKPB6756F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.09.2011
|
Names of Equity Shareholders |
No. of Shares |
|
|
299999 |
|
Kloeckner Pentaplast Thailand Limited, |
1 |
|
TOTAL
|
300000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Kloeckner Pentaplast Netherlands BV, |
39700000 |
|
TOTAL
|
39700000 |
AS ON 21.09.2011
|
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 : |
Trader and Distributors of Pharmaceutical Films. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (Depend) |
|
|
|
|
Purchasing : |
Cash, Credit (Depend) |
GENERAL INFORMATION
|
No. of Employees : |
4 (Approximately) |
|
|
|
|
Bankers : |
·
Deutsche Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Haribhakti and Company Chartered Accountant |
|
Address : |
3rd Floor, 52-B, Okhla Industrial Area, Phase III, New
Delhi-110020, India |
|
PAN No.: |
AAAFH2010F |
|
|
|
|
Fellow Subsidiaries : |
·
Aerni-Leuch AG ·
Klckner Pentaplast Beteiligungs GmbH, Germany ·
Klckner Pentaplast GmbH and Company KG ·
Klckner Pentaplast of America, Inc. ·
Kloeckner Pentaplast (Shanghai) Company Limited ·
Kloeckner Pentaplast (Thailand) Limited ·
Kloeckner Pentaplast Netherlands BV |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000 Millions |
|
39700000 |
15.5% Cumulative Compulsory Convertible Preference Shares |
Rs.10/- each |
Rs. 397.000 Millions |
|
|
TOTAL |
|
Rs. 400.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000 Millions |
|
39700000 |
15.5% Cumulative Compulsory Convertible Preference Shares |
Rs.10/- each |
Rs. 397.000 Millions |
|
|
TOTAL |
|
Rs. 400.000
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 |
|
400.000 |
400.000 |
|
(b) Reserves & Surplus |
|
(415.222) |
(411.661) |
|
(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) |
|
(15.222) |
(11.661) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
17.085 |
15.810 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.602 |
0.484 |
|
Total Non-current Liabilities (3) |
|
17.687 |
16.294 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
0.030 |
2.473 |
|
(c) Other current
liabilities |
|
22.246 |
20.603 |
|
(d) Short-term provisions |
|
0.005 |
0.003 |
|
Total Current Liabilities (4) |
|
22.281 |
23.079 |
|
|
|
|
|
|
TOTAL |
|
24.746 |
27.712 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.802 |
0.962 |
|
(ii) Intangible Assets |
|
0.101 |
0.168 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
3.803 |
3.804 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
4.706 |
4.934 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.445 |
3.389 |
|
(c) Trade receivables |
|
5.686 |
7.627 |
|
(d) Cash and cash
equivalents |
|
10.603 |
4.061 |
|
(e) Short-term loans
and advances |
|
2.332 |
2.923 |
|
(f) Other current
assets |
|
0.974 |
4.778 |
|
Total Current Assets |
|
20.040 |
22.778 |
|
|
|
|
|
|
TOTAL |
|
24.746 |
27.712 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
400.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(408.015) |
|
|
NETWORTH |
|
|
(8.015) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
17.011 |
|
|
TOTAL BORROWING |
|
|
17.011 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.996 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.515 |
|
|
Capital work-in-progress |
|
|
9.555 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
4.064 |
|
|
Sundry Debtors |
|
|
4.366 |
|
|
Cash & Bank Balances |
|
|
3.351 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
8.075 |
|
Total
Current Assets |
|
|
19.856 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
20.230 |
|
|
Other Current Liabilities |
|
|
1.317 |
|
|
Provisions |
|
|
0.383 |
|
Total
Current Liabilities |
|
|
21.930 |
|
|
Net Current Assets |
|
|
(2.074) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.996 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
25.585 |
27.310 |
9.959 |
|
|
|
Other Income |
9.485 |
2.910 |
8.358 |
|
|
|
TOTAL (A) |
35.070 |
30.220 |
18.317 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
37.620 |
32.688 |
33.196 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(2.550) |
(2.468) |
(14.879) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.659 |
0.691 |
1.192 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(3.209) |
(3.159) |
(16.071) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
0.352 |
0.487 |
0.807 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(3.561) |
(3.646) |
(16.878) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(3.561) |
(3.646) |
(16.878) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
19.654 |
20.134 |
10.310 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(11.87) |
(12.15) |
(56.26) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(10.15)
|
(12.06) |
(92.14) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(13.92)
|
(13.35) |
(169.47) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.39)
|
(13.16) |
(78.98) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.31 |
2.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(1.12)
|
(1.36) |
(2.12) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90
|
0.99 |
0.91 |
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 |
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 |
No |
|
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Loans and advances from related parties |
17.085 |
15.810 |
|
|
|
|
|
TOTAL |
17.085 |
15.810 |
BACKGROUND
Subject was incorporated
on January 19, 2006 under the Companies Act, 1956. The Company is a closely
held Company with 299,999 equity shares being held by Kloeckner Pentaplast
Netherlands BV, the Holding Company. The company is engaged in the business of
trading in films for packaging, printing, and specialty application and
developing a customer base in the Indian subcontinent for its holding group.
REVIEW OF KEY
OPERATIONS MATTERS
i)
During the year, the Company has incurred a loss of
Rs 3.561 Millions
ii)
The main reason for the loss in the current year
is:
a)
The Loss on scrap sale of PVDC Coating Machine and
its accessories inherited from the Supreme Operations equivalent to Rs 3.974
Millions; other than this the company has made an operational profit this year.
iii)
The company has to stop the warehouse stock and
sales operations of PVDC films this year due to depreciation of Indian Rupee
against US dollars, making imports into India expensive.
BUSINESS PROSPECTS
AND OUTLOOK
The Directors
continuously focused on identifying further avenues for the growth and
development of the business of the Company and have been taking steps for
expanding business in its identified business segments.
The Company is
looking forward to explore the feasibility of setting up of local operations in
India in both the Pharma and TDO Shrink Films Business with an aim of business
expansion.
FIXED ASSETS
·
Furniture and Fixtures
·
Office Equipments
·
Land and Building
·
Plant and Machinery
·
Computer
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. 60.58 |
|
|
1 |
Rs. 92.91 |
|
Euro |
1 |
Rs. 78.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
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 |
|
27 |
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.