MIRA INFORM REPORT
|
Report No. : |
352573 |
|
Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMCOR FLEXIBLES INDIA PRIVATE LIMITED (w.e.f. 03.01.2011) |
|
|
|
|
Formerly Known
As : |
ALCAN INDIA PRIVATE LIMITED |
|
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|
|
Registered
Office : |
Level-6, Tower 3, Equinox Business Park, CTS No. 83/1-19, off Bandra
Kurla Complex, LBS Marg, Kurla (West), Mumbai – 400070, Maharashtra |
|
Tel. No.: |
91-22-40008200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.12.2006 |
|
|
|
|
Com. Reg. No.: |
11-166397 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.999.231 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27203MH2006FTC166397 |
|
|
|
|
IEC No.: |
0306091453 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA0510J |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
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Line of Business
: |
Manufacturer of aluminum foils, all flexible items.(
Confirmed by management) |
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|
|
|
No. of Employees
: |
750 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Amcor Singapore Pte. Limited, Singapore. It
is an established company incorporated in the year 2006 having satisfactory
track. The company possesses an acceptable financial base marked by healthy
net worth base and decent liquidity position of the company. The rating also takes into consideration strong managerial and
financial support received to the company from its holding company. Moreover, the rating strength is partially offset by loss incurred by
the company during FY 2014. Trade relations are reported as fair. Business is active. Payments
terms are reported as usually correct and as per commitment. In view of strong holding support, the company can be considered
normal for business 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Mukesh Dave |
|
Designation : |
Senior Executive Account and Finance |
|
Contact No.: |
91-9004391152 |
|
Date : |
05.11.2015 |
LOCATIONS
|
Registered Office / Sales Office 1 : |
Level-6, Tower 3, Equinox Business Park, CTS No. 83/1-19, off Bandra Kurla
Complex, LBS Marg, Kurla (West), Mumbai – 400070, Maharashtra, India |
|
Tel. No.: |
91-22-4008200 |
|
Mobile No.: |
91-9004391152 (Mr. Mukesh Dave) 91-7506665039 (Mr. Dipen Roy) |
|
Fax No.: |
91-22-4008233 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
|
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|
Sales Office 2 : |
6th Floor, Technopolis, Sector 54 DLF Golf Course Road,
Gurgaon 122002, Haryana, India |
|
Tel. No.: |
91-124-4626331 |
|
Fax No.: |
91-124-4626273 |
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|
|
|
Sales Office 3 : |
Also Located at : ·
Uttar Pradesh ·
Maharashtra |
|
|
|
|
Factory 1 : |
Gat No 222 And 152A, Chakan-Talegaon Road, Mahalunge, Tal: Khed Dist,
Pune-410501, Maharashtra, India |
|
Tel No.: |
91-2135-259598 |
|
Fax No.: |
91-2135-259271 |
|
|
|
|
Factory 2 : |
Plot No. F1, Sector-7, IIE, SIDCUL Haridwar – 249403, Uttarakhand,
India |
|
Tel No.: |
91-1334-239830 |
|
Fax No.: |
91-1334-239456 |
|
|
|
|
Factory 3 : |
Gat No. 119-123, Alandi-Markal Road Village Dhanore, Taluka – Khed, Pune
– 412105, Maharashtra, India |
|
Tel No.: |
91-2135-232537 |
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|
|
|
Branch Offices : |
Located At: ·
Bangalore ·
Hyderabad ·
Haridwar ·
Daman ·
Bandra |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Anant Madhav Gadre |
|
Designation : |
Director |
|
Address : |
Flat No. 102, Building 2b, Rajgiri, Siddhachal Complex, Off Pokharan
Road No. 2, Thane (West) – 400601, Maharashtra, India |
|
Date of Birth/Age : |
24.03.1965 |
|
Date of Appointment : |
07.02.2008 |
|
PAN No.: |
ADJPG6740R |
|
DIN No.: |
01963880 |
|
|
|
|
Name : |
Mr. Sanjeev Kumar Dhiman |
|
Designation : |
Director |
|
Address : |
19 Swaran Villa, Yogi Vihar Jwalapur,
Haridwar- 249407, Uttarakhand, India |
|
Date of Birth/Age : |
05.08.1971 |
|
Date of Appointment : |
27.09.2011 |
|
PAN No.: |
ABBPD3370L |
|
DIN No.: |
02796730 |
KEY EXECUTIVES
|
Name : |
Sanjeev Kumar Dhiman |
|
Designation : |
Secretary |
|
Address : |
19, Swaran Villa, Opposite Luthra Nursing Home, Jwalapur, Haridwar - 249403, Uttarakhand, India |
|
Date of Appointment : |
13/.07.2010 |
|
PAN No: |
ABBPD3370L |
|
|
|
|
Name : |
Mr. Mukesh Dave |
|
Designation : |
Senior Executive Account and Finance |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Amcor Singapore Private Limited, Singapore |
99923059 |
|
Amcor Holdings (Australia) Pty Limited, Australia |
1 |
|
Total |
99923060 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
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 : |
Manufacturer of aluminum foils, all flexible items.(
Confirmed by management) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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|
Products : |
Aluminum foils, all flexible items |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Germany |
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Terms : |
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Selling : |
Cheque and Credit |
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Purchasing : |
Cheque and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
750 (Approximately) |
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Bankers : |
Standard Chartered Bank, Bandra Kurla Complex, Bandra East , Mumbai,
Maharashtra, India Tel. No.: 91-124-4876801
(Mr. Neha Jain, Manager) Report: Flatly denied |
||||||||||||||
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Banking
Relations : |
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Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
252, Veersawarkar Marg, Shivaji Park, Dadar (West), Mumbai – 400028,
Maharashtra, India |
|
PAN.: |
AAEFP5579P |
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|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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Holding company : |
Amcor Singapore Pte. Limited, Singapore |
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|
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Ultimate Holding company : |
Amcor Limited, Australia |
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|
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|
Subsidiary company : |
Uniglobe Packing Private Limited |
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|
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|
Fellow Subsidiary company : |
|
CAPITAL STRUCTURE
AFTER 31.03.2014
Authorised Capital: Rs. 1200.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 1189.251
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs. 10/- each |
Rs.1200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99923060 |
Equity Shares |
Rs. 10/- each |
Rs.999.231 Millions |
|
|
|
|
|
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 |
999.231 |
999.231 |
877.504 |
|
(b) Reserves & Surplus |
309.155 |
309.372 |
(867.109) |
|
(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) |
1308.386 |
1308.603 |
10.395 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
66.667 |
133.333 |
200.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
150.000 |
0.000 |
|
(d) long-term
provisions |
8.117 |
6.132 |
4.673 |
|
Total Non-current Liabilities
(3) |
74.784 |
289.465 |
204.673 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
319.654 |
141.571 |
444.107 |
|
(b) Trade
payables |
300.269 |
315.968 |
214.095 |
|
(c) Other current
liabilities |
256.204 |
282.662 |
111.141 |
|
(d) Short-term
provisions |
5.844 |
4.682 |
3.985 |
|
Total Current
Liabilities (4) |
881.971 |
744.883 |
773.328 |
|
|
|
|
|
|
TOTAL |
2265.141 |
2342.951 |
988.396 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
615.418 |
416.981 |
460.382 |
|
(ii)
Intangible Assets |
2.113 |
5.659 |
10.759 |
|
(iii)
Capital work-in-progress |
6.564 |
1.384 |
0.735 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
668.618 |
668.619 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
31.705 |
26.457 |
23.932 |
|
(e) Other
Non-current assets |
7.306 |
158.765 |
5.653 |
|
Total Non-Current
Assets |
1331.724 |
1277.865 |
501.461 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
276.523 |
239.787 |
211.172 |
|
(c) Trade
receivables |
303.336 |
253.280 |
173.911 |
|
(d) Cash
and cash equivalents |
184.951 |
486.821 |
32.371 |
|
(e)
Short-term loans and advances |
142.743 |
75.735 |
59.523 |
|
(f) Other
current assets |
25.864 |
9.463 |
9.958 |
|
Total
Current Assets |
933.417 |
1065.086 |
486.935 |
|
|
|
|
|
|
TOTAL |
2265.141 |
2342.951 |
988.396 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2460.126 |
1969.342 |
|
|
|
|
Other Income |
63.505 |
44.177 |
|
|
|
|
TOTAL (A) |
2523.631 |
2013.519 |
1754.857 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1992.162 |
1484.893 |
|
|
|
|
Purchases of Stock-in-Trade |
0.000 |
4.235 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(20.024) |
22.934 |
|
|
|
|
Employees benefits expense |
139.178 |
86.657 |
|
|
|
|
Other expenses |
286.543 |
219.835 |
|
|
|
|
TOTAL (B) |
2397.859 |
1818.554 |
1799.325 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
125.772 |
194.965 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
46.626 |
55.150 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
79.146 |
139.815 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
79.363 |
58.878 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(0.217) |
80.937 |
(44.468) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(0.217) |
80.937 |
(44.468) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Insurance claim Received |
0.000 |
0.702 |
|
|
|
|
Commission Earnings |
16.060 |
17.209 |
|
|
|
|
FOB Value of Export |
28.699 |
21.068 |
|
|
|
TOTAL EARNINGS |
44.759 |
38.979 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
547.842 |
439.731 |
|
|
|
|
Finished Goods |
0.000 |
4.235 |
|
|
|
|
Stores & Spares |
7.657 |
2.758 |
|
|
|
|
Capital Goods |
1.042 |
0.451 |
|
|
|
TOTAL IMPORTS |
556.541 |
447.175 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.00 |
0.81 |
(0.51) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.01) |
4.11 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.11 |
9.90 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.01) |
4.84 |
(4.50) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.06 |
(4.28) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.30 |
0.21 |
61.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
1.43 |
0.63 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
877.504 |
999.231 |
999.231 |
|
Reserves & Surplus |
(867.109) |
309.372 |
309.155 |
|
Net
worth |
10.395 |
1308.603 |
1308.386 |
|
|
|
|
|
|
long-term borrowings |
200.000 |
133.333 |
66.667 |
|
Short term borrowings |
444.107 |
141.571 |
319.654 |
|
Total
borrowings |
644.107 |
274.904 |
386.321 |
|
Debt/Equity
ratio |
61.963 |
0.210 |
0.295 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Sales |
1754.857 |
2013.519 |
2523.631 |
|
|
|
14.740 |
25.334 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Sales |
1754.857 |
2013.519 |
2523.631 |
|
Profit |
(44.468) |
80.937 |
(0.217) |
|
|
(2.53%) |
4.02% |
(0.01%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note:
The registered office of the company has been shifted from 403 IVY Centre, 4
Prabhat Nagar, Jogeshwari (West), Mumbai – 400102, Maharashtra to present
address.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Term Loans from
banks (Repayable in 3 equal yearly instalments
beginning June 20, 2013. This is repayable by June 20, 2015 and carry an
interest of 11.45% p.a.) |
66.667 |
133.333 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
From Standard
Charted Bank |
|
|
|
Working Capital
Loan |
95.000 |
0.000 |
|
Bank Overdraft |
0.000 |
16.668 |
|
Buyers Credit |
124.654 |
124.903 |
|
Loan from related
party |
100.000 |
0.000 |
|
Total |
386.321 |
274.904 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Land
- Building
- Plant and
Equipment
- Furniture and
Fixtures
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 66.81 |
|
UK Pound |
1 |
Rs. 100.37 |
|
Euro |
1 |
Rs. 70.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.