MIRA INFORM REPORT
|
Report Date : |
21.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
WELLWORTH PACKERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
79 Rajasthani Udyog Nagar,
GT Karnal Road, New Delhi-110033, Delhi |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.03.1979 |
|
|
|
|
Com. Reg. No.: |
55-009491 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1979PTC009491 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELW00170C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Roto and Flexo Printed Tubes Sheets and Poly
Bags/Pouches. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 6669200 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company passes a moderate financial profile marked by small net
worth base. The ratings also take into consideration the modest scale of its
operations. However, trade relations appear to be fair. Business is active.
Payment terms are reported as slow but correct. In view of long standing presence, the subject 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 – December 1, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the public
to exchange currency notes printed before 2005 including Rs 500 and Rs 1,000
denominations, pushing the deadline to January 1, 2015. A day before dates for
the Lok Sabha polls were announced, the government decided to hike interest
rates on fixed deposit schemes offered by post offices up to 0.2 per cent. The
new rates will be effective April, 1. The Supreme Court will resume hearing on
March, 11 Nokia’s appeal against a ruling over transferring ownership of its
local mobile phones plant which is the subject of a tax dispute to Microsoft
Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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 DENIED BY
|
Name : |
Mr. Naveen Jain |
|
Designation : |
Director |
|
Contact No.: |
91-11-27693300 |
|
Date : |
10.04.2014 |
LOCATIONS
|
Registered Office/Corporate Office : |
79 Rajasthani Udyog
Nagar, GT Karnal Road, New Delhi-110033, Delhi, India |
|
Tel. No.: |
91-11-276933000/27694400 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
A-10 Sector A-5 and 6, Industrial Area, Tronica City, Loni Distt
Ghaziabad-201102, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2696957/2696959 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Surender Mohan Jain |
|
Designation : |
Director |
|
Address : |
10-A Rajniwas Marg, Civil Lines, Delhi-110054, India |
|
Date of Birth/Age : |
28.01.1941 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
00272096 |
|
Name : |
Mr. Naveen Jain |
|
Designation : |
Director |
|
Address : |
10-A Raj Niwas Marg, Civil Lines, Delhi-110054, India |
|
Date of Birth/Age : |
07.10.1967 |
|
Date of Appointment : |
06.03.2003 |
|
DIN No.: |
00272082 |
|
Name : |
Mr. Chander Shekhar Jain |
|
Designation : |
Director |
|
Address : |
B-1-14 Windsor Park, Vaibhav Khand, Indirapuram, Ghaziabad-201014,
Uttar Pradesh, India |
|
Date of Birth/Age : |
16.09.1959 |
|
Date of Appointment : |
09.06.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
|
18010 |
2.25 |
|
|
75030 |
9.38 |
|
KDR Investments Ltd |
537000 |
67.13 |
|
Naveen Jain |
167460 |
20.93 |
|
Sonia Jain |
2500 |
0.31 |
|
Total |
800,000 |
100.00 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
99.80 |
|
Other top fifty shareholders |
0.20 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Roto and Flexo Printed Tubes Sheets and Poly
Bags/Pouches. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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||||||||||||||||||
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Facilities : |
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|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Kumar Gupta Chartered Accountant |
|
Address : |
119/120 Model Basti, New Delhi-110005, India |
|
Tel. No.: |
91-11-23556217 |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Equity Shares |
Rs.10/- each |
Rs.9.000 Millions |
|
|
|
|
|
|
|
TOTAL |
|
Rs.9.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
Rs.10/- each |
Rs.8.000
Millions |
|
|
|
|
|
|
|
TOTAL |
|
Rs.8.000 Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
8.000 |
8.000 |
8.000 |
|
(b) Reserves & Surplus |
8.673 |
7.484 |
4.056 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
16.673 |
15.484 |
12.056 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.408 |
0.595 |
0.766 |
|
(b) Deferred tax liabilities (Net) |
1.872 |
1.681 |
1.482 |
|
(c) Other long term
liabilities |
1.000 |
1.000 |
1.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
3.280 |
3.276 |
3.248 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
27.029 |
17.077 |
16.460 |
|
(b) Trade
payables |
0.937 |
0.695 |
2.317 |
|
(c) Other
current liabilities |
1.209 |
1.068 |
1.077 |
|
(d) Short-term
provisions |
1.795 |
1.430 |
1.555 |
|
Total Current
Liabilities (4) |
30.970 |
20.270 |
21.409 |
|
|
|
|
|
|
TOTAL |
50.923 |
39.030 |
36.713 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
20.614 |
19.205 |
17.890 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.383 |
0.258 |
0.258 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
20.997 |
19.463 |
18.148 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
8.351 |
5.807 |
6.608 |
|
(c) Trade
receivables |
15.624 |
11.727 |
8.964 |
|
(d) Cash
and cash equivalents |
3.108 |
0.331 |
0.109 |
|
(e)
Short-term loans and advances |
2.843 |
1.702 |
2.884 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
29.926 |
19.567 |
18.565 |
|
|
|
|
|
|
TOTAL |
50.923 |
39.030 |
36.713 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
73.069 |
70.956 |
59.084 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
NA |
NA |
NA |
|
|
|
Purchase of Stock In Trade |
NA |
NA |
NA |
|
|
|
Employee benefits expenses |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.403 |
6.560 |
4.302 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.657 |
1.469 |
1.128 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
1.746 |
5.091 |
3.174 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
2.39
|
7.17 |
5.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.42
|
13.04 |
0.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.33 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.64
|
1.14 |
1.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.96
|
0.96 |
0.86 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
8.000 |
8.000 |
8.000 |
|
Reserves & Surplus |
4.056 |
7.484 |
8.673 |
|
Net
worth |
12.056 |
15.484 |
16.673 |
|
|
|
|
|
|
long-term borrowings |
766.000 |
0.595 |
0.408 |
|
Short term borrowings |
16.460 |
17.077 |
27.029 |
|
Total
borrowings |
782.460 |
17.672 |
27.437 |
|
Debt/Equity
ratio |
64.902 |
1.141 |
1.646 |
YEAR ON YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
59.084 |
70.956 |
73.069 |
|
|
|
20.093 |
2.978 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
59.084 |
70.956 |
73.069 |
|
Profit Before Tax |
3.174 |
5.091 |
1.746 |
|
|
5.37% |
7.17% |
2.39% |
Note: The register office address has been shifted
from B 1 SMA Industrial Estate, G T K Road, Delhi-110033, India to present
w.e.f. 17.09.2012.
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 |
Yes |
|
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 |
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 |
No |
|
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 |
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 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Short Term
Borrowings |
|
|
|
Sonia Jain |
0.059 |
0.045 |
|
Usha Jain |
3.062 |
3.875 |
|
KDR Investments Ltd |
6.725 |
6.150 |
|
Naveen Jain |
3.808 |
0.048 |
|
SM Jain |
1.337 |
4.249 |
|
TOTAL |
14.991 |
14.367 |
INDEX OF CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
80011446 |
27/10/2008 * |
21,500,000.00 |
Canara Bank |
Wazirpur, Ashok Vihar, Delhi, Delhi - 110052, IND |
A50912062 |
|
2 |
80010424 |
24/02/2014 * |
8,000,000.00 |
Canara Bank |
Wazirpur (Ashok Vihar), Delhi, Delhi - 110052, IND |
B97476337 |
|
* Date of charge modification |
||||||
FORM 8
|
Corporate
identity number of the company |
U74899DL1979PTC009491 |
|
Name of the
company |
WELLWORTH PACKERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
79 Rajasthani
udyog Nagar, GT Karnal Road, New Delhi-110033, Delhi, India |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the charge to be modified |
80010424 |
|
Type of charge |
|
|
Particular of
charge holder |
Canara Bank,
Wazirpur (Ashok Vihar), Delhi-110052, India |
|
Nature of
instrument creating charge |
Supplemental
Agreement dated 24.02.2014 and Supplemental Collateral Security Agreement
dated 24.02.2014 |
|
Date of
instrument Creating the charge |
24.02.2014 |
|
Amount secured by
the charge |
Rs.8.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest @ 2.50% p.a.
above ongoing Base Rate of the Bank ie 12.70% p.a. at present at monthly rest. Terms of repayment Payable on
demand. Margin Nil Extent and operation of the charge 100% Other To secure all
amounts payable under OD/SME limit of Rs.8.000 Millions granted to/enjoyed by
the Company together with all interests, costs, charges, expenses etc. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of:- a)The whole of the borrower's present and future
stocks of raw-materials, goods-in-process of manufacture and
all finished and manufactured goods and articles such as poly bags and other packing bags/envelops etc. together with all stores, components and spares now lying or hereafter stored at Company's factory,
godowns and/or other premises at G-25, Shahbad
Daulat Industrial Area, Delhi or at
any other place(s) including those in transit. b)All book-debts, outstandings, money receivables, claims and bills which are now due and
owing or which may at any time hereafter
during the continuance of
this security become due and
owing to the borrower
in the course of its business by any person, firm, company or by the
Govt. or any local or public body or
authority. Collaterally
secured by all plant & machinery and other fixed assets of the Company -
both present and future installed/stored or to be installed/stored at
Company's premises at Plot No. 29,
Rajasthan Udyog Nagar, G.T. Karnal Road, Delhi-110033 or at any other
place(s) including those in transit. |
|
Date of instrument
modifying the charge |
22.02.2014 |
|
Particulars of
the present modification |
The charge on
stock of all goods and book-debts of the Company - both present & future
as prime security and all plant and machinery and other fixed assets of the Company
- both present and future as collateral security stands enhanced from
Rs.5.000 Millions to Rs.8.000 Millions to secure all amounts payable under
OD/SME limit of Rs8.000 Millions granted to/enjoyed by the Company together
with all interests, costs, charges, expenses etc. |
FIXED ASSETS
- Industrial Plot at Bawana
- Building
- Machinery
- Plant & Machinery
- Generator
- Computer
- Fax Machine
- Air Conditioner
- Fan
- Furniture & Fixtures
- Scooter
- Motor Car
- Fire Fighting Equipment
- Photocopy Machine
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 records 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.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SHG |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.