MIRA INFORM REPORT
|
Report No. : |
319849 |
|
Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
REHAU POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Holewadi, Khed Pabal Road, Taluka Khed, Pune – 410505, Maharashtra |
|
Tel. No.: |
91-2135-674301 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
30.01.1997 |
|
|
|
|
Com. Reg. No.: |
11-133903 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 333.434 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999PN1997PTC133903 |
|
|
|
|
IEC No.: |
0598031219 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACR7521E |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturing, Distributing and Marketing of Polymer Products. |
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|
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1280000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Frankische Plastiks GmbH, Germany”. It is an established company having satisfactory track record. Reserves level of the company is low. However, the company has
performed well during FY 2014. It has achieved fair profitability. General financial position of the company is normal and acceptable for
business dealings. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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.
LOCATIONS
|
Registered Office/ Factory : |
Holewadi, Khed Pabal Road, Taluka Khed, Pune – 410505, Maharashtra,
India |
|
Tel. No.: |
91-2135-674301/ 4340 |
|
Fax No.: |
91-2135-304800 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Sales Office 1 : |
88, 2nd Floor, Furniture
Block, Kirti Nagar, New Delhi - 110015, India |
|
Tel. No.: |
91-11-48485600 |
|
|
|
|
Sales Office 2 : |
1204, V Times Square, Plot
No. 3, Sector 15, CBD Belapur, Navi
Mumbai -400614, Maharashtra, India |
|
Tel. No.: |
91-22-27574783 |
|
|
|
|
Bangalore Showroom : |
48, Richmond Road, Bangalore - 560025, Karnataka, India |
|
Tel. No.: |
91-80-22220014 |
DIRECTORS
AS ON 22.09.2014
|
Name : |
Mr. Vijay Gendalal Jain |
||||||||||||||||
|
Designation : |
Director |
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|
Address : |
Rehau Pte Limited, 1 King George's Avenue, #06-00 Rehau
Building, Singapore 208557 |
||||||||||||||||
|
Date of Birth/Age : |
28.03.1973 |
||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
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DIN No.: |
03019900 |
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Other Directorship :
|
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||||||||||||||||
|
Name : |
Tobias Emil Wild |
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|
Designation : |
Director |
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Address : |
Bollholzweg 12, Allmendingen, Berne, 3112, Switzerland |
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|
Date of Birth/Age : |
13.11.1954 |
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|
Date of Appointment : |
22.12.2011 |
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DIN No.: |
05209852 |
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|
||||||||||||||||
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Name : |
Mr. Ajay Khurana |
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|
Designation : |
Director |
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|
Address : |
39, First Floor, Aradhana Enclave, R. K. Puram, Sector
XIII, New Delhi - 110066, India |
||||||||||||||||
|
Date of Birth/Age : |
15.11.1964 |
||||||||||||||||
|
Date of Appointment : |
16.09.2013 |
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DIN No.: |
06576186 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Somnath Kagade |
|
Designation : |
Secretary |
|
Address : |
91/2, "Ram Seeta", Near Bank of Mahashtra,
Parvati, Pune - 411009, Maharashtra, India |
|
Date of Birth/Age : |
05.09.1983 |
|
Date of Appointment : |
20.07.2011 |
|
PAN No.: |
BILPK8528D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Frankische Plastiks GmbH, Germany |
|
33343350 |
|
Rehau Verwaltungszentrale AG, Switzerland |
|
10 |
|
|
|
|
|
Total |
|
33343360 |
AS ON 22.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Distributing and Marketing of Polymer Products. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Imports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Muttha Towers, 5th Floor, Suite No.8, Airport
Road, Yerwada, Pune – 411006, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFP3641G |
|
|
|
|
Cost Auditors : |
|
|
Name : |
Adawadkar Deshmukh and Associates Cost Accountants |
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|
|
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Holding company : |
Frankische Plastiks GmbH |
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|
|
|
Fellow Subsidiary
company : |
·
Frnkische Plastiks GmbH ·
Industrias Rehau SA, GAVA ·
Industrias Rehau Sa ·
PT Rehau Indonesia ·
Rehau Industries LLC ·
Rehau Limited – New Zeland ·
Rehau Limited - ROSS-ON-WYE ·
Rehau Limited - Auckland ·
Rehau Pte. Limited, Singapore ·
Raumedic AG ·
Raumedic Pte. AG ·
Rehau AG and Co. ·
Rehau Environmental Solutions ·
Rehau GmbH ·
Rehau Industries Sarl ·
Rehau Limited Bangkok ·
Rehau Limited, Jakarta ·
Rehau Limited ·
Rehau Polimeri Kimya San A S ·
Rehau Polimeri Kimya San/Turkey ·
Rehau Polymers (Suzhou) Co. Limited ·
Rehau Polymers Industrie GmBH ·
Rehau Pte Limited ·
Rehau Pty. Limited, Sydney ·
Rehau Verwaltungszentrale |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
33,343,360 |
Equity Shares |
Rs. 10/- each |
Rs. 333.434 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF
FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
333.434 |
333.434 |
333.434 |
|
(b) Reserves & Surplus |
116.650 |
70.135 |
55.925 |
|
(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) |
450.084 |
403.569 |
389.359 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
5.118 |
3.348 |
0.000 |
|
Total
Non-current Liabilities (3) |
5.118 |
3.348 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
437.148 |
407.387 |
333.475 |
|
(b)
Trade payables |
250.062 |
129.322 |
116.280 |
|
(c)
Other current liabilities |
26.435 |
23.604 |
29.144 |
|
(d)
Short-term provisions |
21.926 |
10.464 |
9.059 |
|
Total
Current Liabilities (4) |
735.571 |
570.777 |
487.958 |
|
|
|
|
|
|
TOTAL |
1190.773 |
977.694 |
877.317 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
366.520 |
339.562 |
211.314 |
|
(ii)
Intangible Assets |
4.688 |
4.446 |
7.937 |
|
(iii)
Capital work-in-progress |
36.147 |
18.859 |
87.272 |
|
(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) |
14.183 |
12.958 |
6.906 |
|
(d) Long-term Loan
and Advances |
87.986 |
85.487 |
92.945 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
509.524 |
461.312 |
406.374 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
278.315 |
206.153 |
185.024 |
|
(c)
Trade receivables |
317.057 |
245.798 |
211.260 |
|
(d)
Cash and cash equivalents |
28.201 |
19.523 |
22.324 |
|
(e)
Short-term loans and advances |
57.676 |
44.908 |
52.335 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
681.249 |
516.382 |
470.943 |
|
|
|
|
|
|
TOTAL |
1190.773 |
977.694 |
877.317 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1298.078 |
1012.262 |
768.670 |
|
|
|
Other Income |
47.012 |
45.557 |
29.434 |
|
|
|
TOTAL (A) |
1345.090 |
1057.819 |
798.104 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
1166.968 |
953.422 |
721.574 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
178.122 |
104.397 |
76.530 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
46.526 |
35.189 |
15.519 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
131.596 |
69.208 |
61.011 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
63.207 |
50.538 |
43.450 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
68.389 |
18.670 |
17.561 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
21.874 |
4.460 |
7.493 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
46.515 |
14.210 |
10.068 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
39.099 |
23.135 |
15.843 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.40 |
0.43 |
0.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.58 |
1.40 |
1.31 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
13.72 |
10.31 |
9.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.00 |
1.97 |
2.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.05 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.97 |
1.01 |
0.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.93 |
0.90 |
0.97 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
333.434 |
333.434 |
333.434 |
|
Reserves & Surplus |
55.925 |
70.135 |
116.650 |
|
Net
worth |
389.359 |
403.569 |
450.084 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
333.475 |
407.387 |
437.148 |
|
Total
borrowings |
333.475 |
407.387 |
437.148 |
|
Debt/Equity ratio |
0.856 |
1.009 |
0.971 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
768.670 |
1012.262 |
1298.078 |
|
|
|
31.690 |
28.235 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
768.670 |
1012.262 |
1298.078 |
|
Profit |
10.068 |
14.210 |
46.515 |
|
|
1.31% |
1.40% |
3.58% |
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 |
-- |
|
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 |
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 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
287.826 |
271.659 |
|
|
|
|
|
Total |
287.826 |
271.659 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 2nd Floor,
88, Furniture Market, Kirti Nagar, New Delhi - 110015, India to the present
address w.e.f.10.04.2009.
GENERAL INFORMATION
The Company was incorporated in India on January 30, 1997 as a
subsidiary of Frankische Plastiks, GmbH, Germany to manufacture, distribute and
market polymer products and provide technical, sales and other services in
respect of such products.
The Company is engaged in the manufacturing and selling a reputed brand
of Edge Bands for the furniture industry and gaskets/rigid profiles for the
refrigeration industry at Rajgurunagar, near Pune, Maharashtra, India. The
Company commenced commercial production of Edge Bands on August 7, 2001.
The Company also operates as an indenting agent in India for overseas
group companies.
FINANCIAL RESULTS:
During the year, the Company has achieved a turnover of Rs. 1298.078 Million
an increase of 29% as compared to Rs. 1012.262 Million in the previous year of
operations.
The increase in Turnover is mainly due to the strong growth in furniture
business, where your company continued to maintain a leading market share.
Other product groups like Window profiles and Gaskets also posted increase in
growth.
The Profit before tax for the year has been Rs. 68.389 Million as
compared to Rs. 18.670 Million in the previous year. The profit after tax for
the year has been Rs. 46.515 Million at 3.5% of sales as against Rs. 14.210
Million during the previous year.
Operating expenses at 86% of sales (Previous year 89%) were controlled
well as a result of various cost saving measures.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Factory equipments
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
·
Computer software
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. 63.20 |
|
|
1 |
Rs. 97.01 |
|
Euro |
1 |
Rs. 69.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
44 |
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.