MIRA INFORM REPORT
|
Report No. : |
318849 |
|
Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
TOYO INK INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
82, Functional Industrial Estate, Patparganj Industrial Area, Delhi – 110092
|
|
Tel No.: |
91-11-42058093/ 42147181 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
03.08.2006 |
|
|
|
|
Com. Reg. No.: |
55-151575 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2190.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219DL2006PTC151575 |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM13911C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT5137A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is primarily engaged in manufacturing and trading of ink. |
|
|
|
|
No. of Employees
: |
8 (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 |
|
Maximum Credit Limit : |
USD 4918000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Management of the company has failed to file its least financial with government
department for FY 2014. As per available financial of 2013, the company has huge accumulated
losses which has eroded the reserves of the company. The company is
continuously making losses from last few years. However, liquidity position
id goof during FY 2013. Trade relations are reported to be fair. Business is active. Payments
terms are reported to be slow. 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 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Akhilesh |
|
Designation : |
Accountant |
|
Contact No.: |
91-11-42058093 |
|
Date : |
25.04.2015 |
LOCATIONS
|
Registered Office/ Delhi Depot : |
82, Functional
Industrial Estate, Patparganj Industrial Area, Delhi – 110092, India |
|
Tel. No.: |
91-11-42058093/ 42147181 |
|
Fax No.: |
91-11-42147740 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office/ Corporate Office/ Delhi Plant : |
Plot No.17, Ecotech-III, Udyog Kendra, District Greater Noida –
201306, Gautam Budh Nagar, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2935002/ 004/ 005 |
|
Fax No.: |
91-120-2397100 |
|
|
|
|
Gujarat Plant : |
Plot No.2/23, Dahej D-II, Village: Jolwa,
District: Bharuch – 392130, Gujarat, India |
|
|
|
|
Mumbai Depot : |
Building No.8, Shah Industrial Plaza, S.
No./H. No.57/1, Village Sativali, Taluka Vasai, District Thane – 401208,
Maharashtra, India |
|
|
|
|
Manufacturing Network : |
Located at:
|
|
|
|
|
Sales Representatives : |
Located at:
|
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Bodi Singh Kampani |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B-601, Shangrila Apartment, 7 Bunglows, Andheri (West),
Mumbai – 400058, Maharashtra |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.03.1952 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.10.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00046415 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Takashi Imaizumi |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
22-92, Vmegaoka, Aobaku Yokohama, Japan 2270052 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.08.1966 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.06.2012 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05239877 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Hiroyuki Kawashima |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
4-9-2, Nangai Higashimurayama City, Tokyo |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.06.1958 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2013 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06715618 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Shunichiro Kawasaki |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
G88,
3rd Floor, Saket, Delhi - 110017, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2014 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06924690 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Kotaro Yoshida |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Ideos
Azamino I-106,, 1-27-1 Azamino, Aoba-Ku, Yokohama, Na, Japan |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.10.2014 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07010995 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rahul Prasad |
|
Designation : |
Secretary |
|
Address : |
Flat No.115, United India Apartment, Mayur Vihar, Phase I
(Extension), Delhi – 110091, India |
|
Date of Birth/Age : |
13.07.1975 |
|
Date of Appointment : |
07.02.2012 |
|
PAN No.: |
ALXPP2706L |
|
|
|
|
Name : |
Mr. Akhilesh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
As on 31.03.2014
|
Names of Shareholders |
|
No. of Shares |
|
Toyo Ink SC Holdings Company Limited, Japan |
|
219020000 |
|
Toyo Ink Pan Pacific Pte Limited, Singapore |
|
10000 |
|
Total |
|
219030000 |
Equity Share Break up (Percentage of Total Equity)
As on 31.03.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in manufacturing and trading of ink. |
|
|
|
|
Products : |
Ink |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Depend |
|
|
|
|
Purchasing : |
Depend |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
8 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Associates Chartered Accountants |
|
Address : |
Building No.10,
8th Floor, Tower-B, DLF Cyber City, Phase-II, Gurgaon – 122002, Haryana,
India |
|
PAN No.: |
AADFB6889R |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company (As on 31.12.2013) : |
|
|
|
|
|
Subsidiary
Company (As on 31.12.2013) : |
CIN No.: U74900DL2007PTC168260 |
|
|
|
|
Fellow
Subsidiary (As on 31.12.2013) : |
|
CAPITAL STRUCTURE
After 31.12.2013
Authorised Capital : Rs.3000.000 Million
Issued, Subscribed & Paid-up Capital : Rs.2905.029
Million
As on 31.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
226000000 |
Equity Shares |
Rs.10/- each |
Rs.2260.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
219030000 |
Equity Shares |
Rs.10/- each |
Rs.2190.300 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2,190.300 |
1,539.300 |
946.300 |
|
(b) Reserves & Surplus |
(469.168) |
(408.558) |
(356.023) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
3.700 |
|
Total
Shareholders’ Funds (1) + (2) |
1,721.132 |
1,130.742 |
593.977 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
118.389 |
45.796 |
0.693 |
|
(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 |
1.386 |
0.964 |
0.106 |
|
Total Non-current
Liabilities (3) |
119.775 |
46.760 |
0.799 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
97.500 |
0.000 |
0.000 |
|
(b) Trade payables |
343.919 |
183.459 |
166.407 |
|
(c) Other
current liabilities |
31.789 |
26.116 |
280.765 |
|
(d) Short-term
provisions |
0.601 |
1.139 |
0.337 |
|
Total Current
Liabilities (4) |
473.809 |
210.714 |
447.509 |
|
|
|
|
|
|
TOTAL |
2,314.716 |
1,388.216 |
1,042.285 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
783.614 |
690.927 |
445.106 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
362.641 |
1.500 |
0.497 |
|
(iv)
Intangible assets under development |
5.900 |
3.937 |
3.937 |
|
(b) Non-current Investments |
8.847 |
8.847 |
9.455 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
89.220 |
135.570 |
0.000 |
|
(e) Other
Non-current assets |
10.155 |
0.000 |
103.133 |
|
Total Non-Current
Assets |
1,260.377 |
840.781 |
562.128 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
345.359 |
194.430 |
173.250 |
|
(c) Trade
receivables |
411.317 |
220.031 |
188.226 |
|
(d) Cash
and cash equivalents |
212.958 |
65.236 |
86.016 |
|
(e)
Short-term loans and advances |
81.459 |
67.449 |
32.041 |
|
(f) Other
current assets |
3.246 |
0.289 |
0.624 |
|
Total
Current Assets |
1,054.339 |
547.435 |
480.157 |
|
|
|
|
|
|
TOTAL |
2,314.716 |
1,388.216 |
1,042.285 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
|
|
|
|
GROSS SALES |
1311.443 |
747.334 |
576.242 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
NET
PROFIT/ (LOSS) |
(60.611) |
(52.534) |
(157.239) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
176.936 |
84.733 |
155.223 |
|
|
TOTAL EARNINGS |
176.936 |
84.733 |
155.223 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
332.062 |
89.083 |
50.518 |
|
|
|
Capital Goods |
8.360 |
8.699 |
7.589 |
|
|
|
Stores & Spares |
1.430 |
0.039 |
0.000 |
|
|
TOTAL IMPORTS |
341.852 |
97.821 |
58.107 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.36) |
(0.42) |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.13 |
0.04 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.23 |
2.60 |
1.07 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
946.300 |
1539.300 |
2190.300 |
|
Reserves & Surplus |
(356.023) |
(408.558) |
(469.168) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
3.700 |
0.000 |
0.000 |
|
Net
worth |
593.977 |
1130.742 |
1721.132 |
|
|
|
|
|
|
Long Term borrowings |
0.693 |
45.796 |
118.389 |
|
Short Term borrowings |
0.000 |
0.000 |
97.500 |
|
Total
borrowings |
0.693 |
45.796 |
215.889 |
|
Debt/Equity
ratio |
0.001 |
0.041 |
0.125 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Gross Sales |
576.242 |
747.334 |
1,311.443 |
|
|
|
29.691 |
75.483 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Gross Sales |
576.242 |
747.334 |
1,311.443 |
|
Net
Profit/ (Loss) |
(157.239) |
(52.534) |
(60.611) |
|
|
(27.29%) |
(7.03%) |
(4.62%) |
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
No |
|
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 |
No |
|
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 LOANS:
|
Particulars |
31.12.2013 Rs. In Million |
31.12.2012 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Rupee term loans from others |
118.389 |
45.612 |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
97.500 |
0.000 |
|
Total |
215.889 |
45.612 |
FINANCIAL HIGHLIGHTS
(AS ON 31.12.2013)
During the year, the company has increased its sales to a considerable extent as compared to previous year figure. However, the Net Loss has increased from to Rs.52.534 Million to Rs.60.611 Million due to establishment of a factory in the state of Gujarat.
The response in the market of Offset and Liquid printing ink products is very encouraging. In view of this, during the year your company commenced production of Gravure Inks from its new factory at the existing premises at Greater Noida factory.
The company is all set to start commercial production of Offset Inks from the month of July 2014 from the factory in Dahej-II Gujarat.
The directors of your company are hopeful that at the end of the next financial year the company will be in a much better financial position in terms of sales and loss
NO CHARGES EXIST FOR
COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
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 records 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.63.61 |
|
|
1 |
Rs.96.56 |
|
Euro |
1 |
Rs.69.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
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.