MIRA
INFORM REPORT
|
Report Date : |
09.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
LOUIS DREYFUS COMMODITIES INDIA PRIVATE LIMITED (w.e.f. 22.12.2006) |
|
|
|
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Formerly Known
As : |
LOUIS DREYFUS INDIA PRIVATE LIMITED |
|
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Registered
Office : |
RNM Centre, 68/2, Janpath, New Delhi-110001 |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
19.06.1997 |
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Com. Reg. No.: |
55-126131 |
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Capital
Investment / Paid-up Capital : |
Rs.260.291 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U51909DL1997PTC126131 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELL01598C |
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PAN No.: [Permanent Account No.] |
AAACL7361E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading in
Agricultural Commodities, Manufacturing Comprising Processing of Edible Oils,
Cotton and Coffee and Services Comprising Rendering BPO and Commission
Services. |
|
|
|
|
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 7593000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track record. External borrowing of the company appears to be huge. Profit margin of
the company seems to be low. However, trade relations are 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 – September 30, 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 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current account
deficit narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million worth
of mobile-phone-based transactions by July 2013 compared to Rs.260 million in
September, 2012, according to Deloitte report. The number of transactions has
shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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
MANAGEMENT NON CO-OPERATIVE (91-124-4625660)
LOCATIONS
|
Registered Office : |
RNM Centre, 68/2, Janpath, New Delhi-110001, India |
|
Tel. No.: |
91-124-4625660 |
|
Fax No.: |
Not Available |
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E-Mail : |
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Corporate Office : |
648/L, 3rd Floor, 1st Main, Indiranagar, |
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Tel. No.: |
91-80-40437700 |
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Fax No.: |
91-80-40437729 |
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|
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Factory : |
Survey No. 310/2/B, 312/B, 314/1/B, Village Bhimasar, Anjar, Kutch –
310160, |
|
Tel. No.: |
91-2836-285265 |
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Fax No.: |
91-2836-285267 |
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|
|
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Branch Office : |
8th Floor Tower, A Building No. 5, DLF Cyber City, DLF Phase
III, Gurgaon, Haryana, India |
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Tel. No.: |
91-124-4625600 |
DIRECTORS
As on 27.09.2013
|
Name : |
Thirumalai Anandanpillai Kishen |
|
Designation : |
Director |
|
Address : |
09 – 03, The Patterson, 63, Patterson Road, Singapore - 238539 |
|
Date of Birth/Age : |
14.11.1965 |
|
Date of Appointment : |
12.11.2007 |
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DIN No.: |
00057649 |
|
|
|
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Name : |
Mr. Rakesh Aggarwal |
|
Designation : |
Director |
|
Address : |
A – 75/11, DDA Residential Area, Naraina Vihar, New Delhi – 110028,
India |
|
Date of Birth/Age : |
01.11.1962 |
|
Date of Appointment : |
18.02.2013 |
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DIN No.: |
00091568 |
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|
|
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Name : |
Mr. Rohit Aggarwal |
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Designation : |
Director |
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Address : |
4, Wilby Road, Singapore – 276294 |
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Date of Birth/Age : |
25.11.1967 |
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Date of Appointment : |
18.02.2013 |
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DIN No.: |
02007321 |
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|
|
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Name : |
James Fernando O' Donahue |
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Designation : |
Director |
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Address : |
30 MT, Elizabeth 14-32, High Point, Singapore - 228519 |
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Date of Birth/Age : |
14.05.1972 |
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Date of Appointment : |
28.09.2012 |
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DIN No.: |
05200037 |
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|
|
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Name : |
Olivier Francois Marie Quentin Hamy |
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Designation : |
Director |
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Address : |
sHouse – 27, Cardiff, Grove, Singapore - 558893 |
|
Date of Birth/Age : |
20.12.1976 |
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Date of Appointment : |
03.10.2012 |
|
DIN No.: |
06400465 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Aggarwal |
|
Designation : |
Secretary |
|
Address : |
A 75/II, DDA Residential Area, Naraina Vihar, New Delhi-110028, India |
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Date of Birth/Age : |
01.11.1962 |
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Date of Appointment : |
17.10.2008 |
|
Pan No.: |
AAAPA1391C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
|
Names of Shareholders |
No. of Shares |
|
Louis Dreyfus Commodities Asia Pte Limited, Singapore |
26029071 |
|
Louis Dreyfus Commodities BV, Netherland |
1 |
|
|
|
|
Total |
26029072 |
As on 27.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
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 : |
Trading in
Agricultural Commodities, Manufacturing Comprising Processing of Edible Oils,
Cotton and Coffee and Services Comprising Rendering BPO and Commission
Services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
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Banking
Relations : |
-- |
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|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Tower B, Building No. 10, |
|
PAN No: |
AABFD2095B |
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Holding Company : |
Louis Dreyfus Commodities Pte. Limited |
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|
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Ultimate Holding Company : |
Louis Dreyfus Commodities B.V |
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Enterprise under the common control as the
Company : |
Ø Louis Dreyfus
Commodities Suisse SA Ø Louis Dreyfus Commodities
Freight Asia Pte Limited Ø Louis Dreyfus
Commodities Beijing Trading Company Ø Louis Dreyfus
Commodities Metal Asia Pte Limited Ø Louis Dreyfus
Corporation Ø Wilton Sunder
Agri-Commodities India Private Limited Ø PT Louis Dreyfus
Commodities Indonesia Ø Grow More
Agri-Commodities India Private Limited Ø Alenberg Cotton
Co. Focus Ø Agri-Commodities
India Private Limited Ø Louis Dreyfus
Commodities Kenya Limited Ø Prudent
Agri-Commodities India Private Limited Ø Louis Dreyfus
Commodities Brasil SA Ø Sunny
Agri-Commodities India Private Limited Ø Term Commodities
Inc Ø Apex
Agri-Commodities India Private Limited Ø Louis Dreyfus
Commodities MEA Trading DMCC. Ø Louis Dreyfus
Commodities - South Africa Ø Louis Dreyfus
Commodities Vietnam Ltd Biosev S. A. Ø Louis Dreyfus Commodities
Distribution France SAS |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26029072 |
Equity Shares |
Rs.10/- each |
Rs.260.291 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 |
260.291 |
69.594 |
69.594 |
|
(b) Reserves & Surplus |
1638.128 |
365.672 |
456.066 |
|
(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) |
1898.419 |
435.266 |
525.660 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
593.941 |
754.724 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
39.506 |
30.529 |
21.310 |
|
Total Non-current Liabilities (3) |
633.447 |
785.253 |
21.310 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
9751.303 |
10307.280 |
8554.160 |
|
(b) Trade payables |
1633.086 |
1965.250 |
1760.126 |
|
(c) Other current
liabilities |
5546.362 |
6674.014 |
2850.382 |
|
(d) Short-term provisions |
42.377 |
132.490 |
35.549 |
|
Total Current Liabilities (4) |
16973.128 |
19079.034 |
13200.217 |
|
|
|
|
|
|
TOTAL |
19504.994 |
20299.553 |
13747.187 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2584.609 |
1110.974 |
1134.611 |
|
(ii) Intangible Assets |
19.110 |
23.911 |
2.637 |
|
(iii) Capital
work-in-progress |
236.301 |
1009.057 |
19.635 |
|
(iv)
Intangible assets under development |
4.098 |
1.179 |
0.000 |
|
(b) Non-current Investments |
0.123 |
0.096 |
0.106 |
|
(c) Deferred tax assets (net) |
27.406 |
100.074 |
20.237 |
|
(d) Long-term Loan and Advances |
115.321 |
402.260 |
248.596 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2986.968 |
2647.551 |
1425.822 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
12639.687 |
13695.601 |
9764.211 |
|
(c) Trade receivables |
2012.922 |
1385.501 |
1148.240 |
|
(d) Cash and cash
equivalents |
442.007 |
388.521 |
215.299 |
|
(e) Short-term loans and
advances |
1404.991 |
1907.438 |
897.972 |
|
(f) Other current assets |
18.419 |
247.941 |
295.643 |
|
Total Current Assets |
16518.026 |
17625.002 |
12321.365 |
|
|
|
|
|
|
TOTAL |
19504.994 |
20299.553 |
13747.187 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
69770.000 |
52743.000 |
31353.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
69579.940 |
52609.440 |
31279.230 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
190.060 |
133.560 |
73.770 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
61.780 |
43.170 |
25.390 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
128.280 |
90.390 |
48.380 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.93 |
3.47 |
1.86 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.18
|
0.17 |
0.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.99
|
0.70 |
0.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.31 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.45
|
25.41 |
16.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97
|
0.92 |
0.93 |
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 |
Yes |
|
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 |
NOTE:
The registered office of the company has been shifted from
G- 9, Pratap Bhavan, 5, Bahadurshah Zafar Marg, New Delhi- 110002, India to the
present address w.e.f. 01.05.2012
LITIGATION
DETAILS:
|
IN THE HIGH COURT OF
DELHI AT NEW DELHI CS(OS) 225/2013 and I.A. No. 2227/2013 (u/o 8 R.5 CPC) M/S SHAKTI BHOG
FOODS LIMITED……………….Plaintiff Through: Mr. Narendra M. Sharma and Mr. Abhishek Sharma, Advocates Versus LOUIS DREYFUS
COMMODITIES INDIA PRIVATE LIMITED…………..Defendant Through : Mr. Darpan Waghwa and Ms. Malavika Lal, Advocate CORAM : HON’BLE MR. JUSTICE P. K. BHASIN ORDER 24.05.2013 Counsel for the plaintiff wants time to file replication. Let the same be filed within six weeks. Renotify on 18th July, 2013. |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Foreign term loan from bank |
490.410 |
254.724 |
|
Term loan from bank |
103.531 |
0.000 |
|
Filly convertible debentures others |
0.000 |
500.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand from bank |
9751.303 |
10307.280 |
|
|
|
|
|
Total |
10345.244 |
11062.004 |
INDEX OF CHARGES
No Charges Exist for Company
FINANCIAL RESULTS
The Company has
reported a turnover of Rs. 69770.000 million during the current year ended
March 31, 2013 as compared to Rs. 527430.000 million in the previous year ended
March 31, 2012. The Company has earned profit before tax of Rs. 190.060 million
and profit after tax of Rs. 128.280 million during the current year as compared
to loss before tax of Rs. 133.560 million and loss after tax of Rs. 90.390
million in the previous year ended March 31, 2012. The operating results
include an exceptional loss of Rs. 269.350 million due to provision for claim
receivable from third party.
MANAGEMENT ANALYSIS OF OPERATIONS
VEGETABLE OILS AND OILSEEDS
The existing
vegetable oil refineries at Kandla maintained a utilization level of 76% as
Compared to 68% in previous year, Refinery at Krishnapatnam has commenced
production in the current year in September 2012 and achieved at utilisation
level of 24%. The company has postponed the construction of the new refinery
facility at Ratnagiri in the state of Maharashtra.
The strategy to
market vegetable oil through a team of Distributors and Agents under registered
brand oil Vibhor has reached a new level of success in the north zone and the
Company expects to increase the volumes through this channel and other brands
also in southern India from supplies from Krishnapatnam refinery.
The Company during
the year actively traded in Meal and Seed and the traded volume was 128,439 MT
and 5,854 MT as against 165,052 MT and 39,323 MT in the previous year. The
volumes were down due to high domestic price as compared to international
market.
GRAINS
Wheat traded
quantity during the year was higher by 19% to 362 KMT as compared to last year.
The company has also exported 629 KMT of corn during the current year as the
market turned favorable for export. The company has strengthened its network of
procurement agents and customers for trading of wheat and corn in the state of
Bihar, Orissa and Chattishgarh.
RICE
The Company was
able to increase the traded volumes as compared to the last year by 59% and
traded 185 KMT of Rice as against 116 KMT during previous year.
COTTON
The Company was able
to increase the traded volumes as compared to the last year marginally by 1%
and traded 202K MT of cotton as against 200 MT during previous year despite the
cotton prices remained very volatile. The company considering future volume
growth prospects has strengthened its position in Andhra Pradesh, Punjab,
Haryana, Rajasthan and also started operations in the states of Orissa and
Karnataka in last season.
COFFEE
The company
started processing of coffee beans at own manufacturing facilities set up at Khushalnagar,
Karnataka in April 2013 Others Apart from this, the company also traded in
sugar, barley, shorgum, cotton seed oil, mustard seeds oil, crude sunflower oil
and millet.
FIXED ASSETS
- Land
- Leasehold
Improvements
- Equipments
- Motor
Vehicles
- Computers
- Plant and
Machinery
- Furniture and
Fixture
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.62.24 |
|
|
1 |
Rs.102.17 |
|
Euro |
1 |
Rs.84.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
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.