MIRA
INFORM REPORT
|
Report Date : |
13.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASHLAND INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
601, 606-608, Platinum Technopark, Plot No. 17-18, Sector - 30A,
Vashi, Navi Mumbai – 400705, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.07.2007 |
|
|
|
|
Com. Reg. No.: |
172506 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.500.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2007FTC172506 |
|
|
|
|
IEC No.: |
0307056198 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA30926A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA5023J |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturing, processing, packing, distributing, supplying, selling, importing,
exporting and trading of chemicals, chemical compounds, oil and oil
derivatives, plastics, technical equipment and technical components, as well
as the rendering of technical services and business support services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 110000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There are accumulated losses recorded by the company. However, the
company has achieved profitability during the financial year 2013. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing 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 (30.09.2013) |
Current Rating (01.12.2013) |
|
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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years, according
to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of high
value spenders under the scanner of the income tax department. The income tax
department has information that they have made cash deposits announcing to Rs 1
mn or more in their savings bank accounts in the current financial year. It
plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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.
LOCATIONS
|
Registered Office : |
601, 606-608, Platinum Technopark, Plot No. 17-18, Sector - 30A,
Vashi, Navi Mumbai – 400705, Maharashtra, India |
|
Tel. No.: |
91-22-61489696 / 61489613 / 61489655 |
|
Mobile No.: |
91-9920472211 (Mr. Sharma) |
|
Fax No.: |
91-22-61712514 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Vivek Kumar Singh |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 62, 1st Floor, Block – III, Erose Garden,
Faridabad – 121001, Haryana, India |
|
Date of Birth/Age : |
04.08.1970 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
01317510 |
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 |
U74120HR2007PTC036703 |
KANCHAN
BEVERAGES AND FOOD PRIVATE LIMITED |
Director |
26/03/2007 |
26/03/2007 |
20/03/2009 |
Active |
NO |
|
2 |
U24100MH2007FTC172506 |
Ashland India Private
Limited |
Managing
director |
30/09/2009 |
30/06/2009 |
- |
Active |
NO |
|
3 |
U74899DL1994PLC062425 |
VALVOLINE
CUMMINS LIMITED |
Director |
10/12/2009 |
16/07/2009 |
- |
Active |
NO |
|
Name : |
Mr. Frank Adriaan Jumelet |
|
Designation : |
Director |
|
Address : |
T Vrije 53, JX Zierikzee – 4301, Netherland |
|
Date of Birth/Age : |
14.02.1960 |
|
Date of Appointment : |
19.07.2007 |
|
DIN No.: |
01126173 |
|
Name : |
Mr. Lynn Pannell Freeman |
|
Designation : |
Director |
|
Address : |
2321, Summer Woods, Drive, Hebron, Kentucky – 40148, U.S.A. |
|
Date of Birth/Age : |
14.05.1962 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
05252005 |
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 |
U52311AP2007PTC068444 |
International Specialty
Products (India) Private Limited |
Director |
28/09/2012 |
19/03/2012 |
02/12/2013 |
Active |
NO |
|
2 |
U02429MH2002PTC218797 |
HERCULES
INDUSTRIAL CHEMICALS PRIVATE LIMITED |
Director |
26/09/2012 |
28/03/2012 |
02/12/2013 |
Active |
NO |
|
3 |
U24100MH2007FTC172506 |
Ashland India
Private Limited |
Director |
28/09/2012 |
29/03/2012 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Nagendra Pal Goel |
|
Designation : |
Secretary |
|
Address : |
Flat No. 801, Building 57, Seawoods Estate, NRI Complex, Phase – II,
Nerul (West), Navi Mumbai, Thane – 400705, Maharashtra, India |
|
Date of Birth/Age : |
10.09.1973 |
|
PAN No.: |
AARPP9811D |
|
Date of Appointment : |
08.08.2013 |
MAJOR SHAREHOLDERS
AS ON 27.09.2013
|
Names of Shareholders |
No. of Shares |
|
Ashland Holding B.V., Netherlands |
49999999 |
|
Ashland Canada Holding B.V., Netherlands |
1 |
|
|
|
|
Total |
50000000 |
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 : |
Manufacturing, processing, packing, distributing, supplying, selling, importing,
exporting and trading of chemicals, chemical compounds, oil and oil
derivatives, plastics, technical equipment and technical components, as well
as the rendering of technical services and business support services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Citi Bank NA - 6th Floor, Bandra Kurla
Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
5th Floor Tower
"D", The Millenia, 1 and 2 Murphy Road, Ulsoor, Bangalore - 560008, Karnataka,
India |
|
PAN
No. : |
AAEFP5579P |
|
|
|
|
Ultimate Holding Company: |
·
Ashland Inc |
|
|
|
|
Holding Company : |
·
Ashland Holdings B.V. |
|
|
|
|
Fellow Subsidiaries : |
·
Aqualon Company ·
Hercules Inc. ·
Ashland (China) Holdings Company Limited ·
Ashland Performance Material ·
Iberia Ashland Chemicals S.A. ·
Hercules Chemicals Taiwan Company Limited ·
Ashland Industries Europe Gmbh ·
Ashland UK Limited ·
Ashland Poland SP ZOO ·
Ashland (Changzhou) Advanced Chemicals Company
Limited ·
Ashland France SAS ·
Hercules Industrial Chemicals Private Limited ·
Ashland Chemical Hispania SL ·
Valvoline Cummins Limited(VCL) CIN No.: U74899DL1994PLC062425 ·
Valvoline International ·
ISP Sales UK Limited ·
Ashland Finland OY ·
Ashland Singapore Private Limited |
CAPITAL STRUCTURE
AS ON 27.09.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Share |
Rs.10/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Share |
Rs.10/- each |
Rs.500.000 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 |
500.000 |
500.000 |
465.000 |
|
(b) Reserves & Surplus |
(161.203) |
(226.861) |
(196.488) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
35.000 |
|
Total Shareholders’
Funds (1) + (2) |
338.797 |
273.139 |
303.512 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
638.745 |
460.539 |
180.250 |
|
(d) long-term provisions |
6.754 |
3.679 |
1.731 |
|
Total Non-current Liabilities (3) |
645.499 |
464.218 |
181.981 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
550.430 |
258.149 |
40.000 |
|
(b) Trade payables |
401.532 |
398.047 |
249.280 |
|
(c) Other current
liabilities |
45.842 |
32.643 |
9.967 |
|
(d) Short-term provisions |
0.282 |
0.260 |
0.701 |
|
Total Current Liabilities (4) |
998.086 |
689.099 |
299.948 |
|
|
|
|
|
|
TOTAL |
1982.382 |
1426.456 |
785.441 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
259.274 |
154.570 |
69.367 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
525.146 |
346.707 |
26.606 |
|
(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) |
8.945 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
45.566 |
55.401 |
111.297 |
|
(e) Other Non-current assets |
1.853 |
0.000 |
0.000 |
|
Total Non-Current Assets |
840.784 |
556.678 |
207.270 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
329.950 |
171.600 |
151.547 |
|
(c) Trade receivables |
628.793 |
542.052 |
325.397 |
|
(d) Cash and cash
equivalents |
35.102 |
28.210 |
30.571 |
|
(e) Short-term loans
and advances |
147.753 |
114.845 |
57.675 |
|
(f) Other current
assets |
0.000 |
13.071 |
12.981 |
|
Total Current Assets |
1141.598 |
869.778 |
578.171 |
|
|
|
|
|
|
TOTAL |
1982.382 |
1426.456 |
785.441 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Sales |
2542.627 |
1752.354 |
1098.722 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
72.856 |
(23.479) |
(41.705) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
16.143 |
6.892 |
5.318 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX
|
56.713 |
(30.372) |
(47.023) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(8.945) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
65.658 |
(30.372) |
(47.023) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.10/-) |
1.31 |
0.60 |
--- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.92
|
(2.81) |
(6.19) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
(0.11) |
(0.15) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.62
|
0.94 |
0.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14
|
1.26 |
1.93 |
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 |
465.000 |
500.000 |
500.000 |
|
Reserves & Surplus |
(196.488) |
(226.861) |
(161.203) |
|
Share Application money
pending allotment |
35.000 |
0.000 |
0.000 |
|
Net
worth |
303.512 |
273.139 |
338.797 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
40.000 |
258.149 |
550.430 |
|
Total
borrowings |
40.000 |
258.149 |
550.430 |
|
Debt/Equity
ratio |
0.132 |
0.945 |
1.625 |
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) |
|
Gross Sales |
1,098.722 |
1,752.354 |
2,542.627 |
|
|
|
59.490 |
45.098 |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Gross Sales |
1,098.722 |
1,752.354 |
2,542.627 |
|
Profit After Tax |
(47.023) |
(30.372) |
65.658 |
|
|
(4.28%) |
(1.73%) |
2.58% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBT: NOT AVAILABLE
|
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 |
Yes |
|
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 |
---- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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:
·
Registered office of the company has been shifted
from 306, Devavrata Building, 83, Sector – 17, Vashi, Navi Mumbai – 400705,
Maharashtra, India to the present address w.e.f. 07.12.2009.
·
No Charges Exist for Company.
GENERAL
INFORMATION:
Subject was
incorporated on July 19, 2007 and is owned by Ashland Holdings BV Netherlands.
The Company has been established to carry on the business of manufacturing,
processing, packing, distributing, supplying, selling, importing, exporting and
trading of chemicals, chemical compounds, oil and o il derivatives, plastics,
technical equipment and technical components, as well as the rendering of
technical services and business support services. The ultimate holding company
is Ashland Inc. which is a technology leader in metal casting consumables and
design services of unsaturated polyester, vinyl ester resins, gel coats
high-performance adhesives and specialty resins.
UNSECURED LOAN
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Foreign Currency Term Loan From Bank |
0.000 |
108.149 |
|
Working Capital Loans From Bank |
530.430 |
130.000 |
|
Loans Repayable on Demand From Others |
0.000 |
20.000 |
|
Loans and Advances From Related Parties |
20.000 |
0.000 |
|
|
|
|
|
Total |
550.430 |
258.149 |
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.61.09 |
|
|
1 |
Rs.101.59 |
|
Euro |
1 |
Rs.84.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.