MIRA INFORM REPORT
|
Report No. : |
357340 |
|
Report Date : |
28.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
TETRA-PAK INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. B-53, Chakan MIDC, Phase – 2, Taluka Khed, Village
– Vasuli, Chakan – 410501, Maharashtra |
|
Tel. No.: |
91-2114-244127 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.12.1987 |
|
|
|
|
Com. Reg. No.: |
11-012926 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1373.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21014PN1987PTC012926 |
|
|
|
|
IEC No.: |
0589030621 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNET03816B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT3467B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is in the business of liquid packaging solutions and related products provided mainly to dairy, spirits and fruit processing industry. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Tetra Laval Holdings and Finance SA”,
Switzerland. It is engaged providing packaging solutions. It offers tetra
fino, an aseptic packaging for liquid products. The firm also supplies
material for tetra packaging, including tetra brik cartons, packaging
machines and food processing systems. For the financial year ended 2014, Tetra Pak India has reported growth
of 10.60% on total revenue of Rs.16755.000 million against previous year
revenue of Rs.15149.000 million and it has maintained profitability margins
at 2.73%. Rating takes into consideration its strong business risk profile backed
by diversified customer base and product portfolio. Moreover, rating also takes into consideration strong financial and
managerial support that company receives from its holding company. However, rating strength partially offset by huge borrowing taken by
the company which led to affect financial profile of the company. Trade relations are reported as fair. Payments are reported to be
regular and as per commitment. In view of aforesaid, the company can be considered good for normal
business dealings at usual trade terms and conditions. Note: As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2015 but the documents related to the
financial for the year 31.03.2015 are not available from any source. |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Ms. Sushma |
|
Designation : |
Office Executive |
|
Contact No.: |
91-2135-336701 |
|
Date : |
28.12.2015 |
LOCATIONS
|
Registered Office : |
Plot No. B-53, Chakan MIDC, Phase – 2, Taluka Khed, Village – Vasuli, Chakan – 410501, Maharashtra, India |
|
Tel. No.: |
91-2114-244127 91-20-25510800 |
|
Fax No.: |
91-2114-244123 / 244125 91-20-25510820 |
|
E-mail: |
|
|
Websites : |
|
|
Area : |
10,000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
DLF Cyber Terrace, Building No 5, Tower C, 16th Floor, Cyber City, DLF Phase III, Gurgaon – 122002, Haryana, India |
|
Tel. No.: |
91-124-5124600 |
|
Fax No.: |
91-124-5064308 |
|
|
|
|
Branch Office 1 : |
1134, 3rd Floor, 100 Feet Road, HAL 2nd Stage, Indiranagar, Bangalore – 560038, Karnataka, India |
|
Tel. No.: |
91-80-25294491 |
|
Fax No.: |
91-80-25271005 |
|
|
|
|
Branch Office 2 : |
Locate at
|
|
|
|
|
Overseas Office: |
|
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Kandarp Bhushan Singh |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 606A, The Aralias, DLF Golf Links, DLF Phase V, Gurgaon –
122002, Haryana, India |
|
Date of Birth/Age : |
05.01.1966 |
|
Date of Appointment : |
01.01.2011 |
|
DIN No. : |
03421754 |
|
|
|
|
Name : |
Mr. Ambalika Harpalsinh Rana |
|
Designation : |
Director |
|
Address : |
C3/802, Hari Ganga, Opposite RTO Yerwada, Pune - 411006, Maharashtra, India |
|
Date of Appointment : |
19.01.2015 |
|
DIN No. : |
02026582 |
|
|
|
|
Name : |
Mr. Michael James Zacka |
|
Designation : |
Director |
|
Address : |
7 Ardmore PK, 09-01, Singapore - 259954, Singapore |
|
Date of Appointment : |
08.09.2014 |
|
DIN No. : |
06963675 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil Rajaram Tembe |
|
Designation : |
Secretary and Manager Corporate Affairs |
|
Address : |
20, |
|
Date of Birth/Age : |
04.03.1961 |
|
Date of Appointment : |
12.08.1996 |
|
Pan No.: |
AAFPT4848Q |
MAJOR SHAREHOLDERS
AS ON 30.09.2015
|
Names of Shareholders |
|
No. of Shares |
|
Tetra Laval Holdings and Finance S.A., Switzerland |
|
137319999 |
|
Tetra Laval International S.A., |
|
1 |
|
Total |
|
137320000 |
As on 30.09.2014
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 : |
Subject is in the business of liquid packaging solutions and related products provided mainly to dairy, spirits and fruit processing industry. (Registered Activity) |
|
|
|
|
Products / Services : |
TECHNOLOGY AREAS
CHEESE SPECIFIC
ICE CREAM SPECIFIC
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
C 401, 4th Floor, Panchshil Techpark, Yerwada,(Near Don Bosco School) |
|
PAN No. : |
ABSFS4151K |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Holding company: |
|
|
|
|
|
Fellow Subsidiary Company: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
270000000 |
Equity Shares |
Rs.10/- each |
Rs.2700.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
137320000 |
Equity Shares |
Rs.10/- each |
Rs. 1373.200 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 |
1373.200 |
1373.200 |
1819.200 |
|
(b) Reserves &
Surplus |
792.775 |
1723.683 |
887.808 |
|
(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) |
2165.975 |
3096.883 |
2707.008 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
6337.375 |
5723.279 |
750.000 |
|
(b) Deferred tax
liabilities (Net) |
176.110 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
81.436 |
72.986 |
50.438 |
|
Total Non-current
Liabilities (3) |
6594.921 |
5796.265 |
800.438 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
4048.075 |
1850.819 |
1029.024 |
|
(b) Trade payables |
4127.408 |
2789.759 |
2507.299 |
|
(c) Other current
liabilities |
2232.306 |
1681.316 |
778.822 |
|
(d) Short-term provisions |
370.345 |
421.231 |
227.757 |
|
Total Current Liabilities
(4) |
10778.134 |
6743.125 |
4542.902 |
|
|
|
|
|
|
TOTAL |
19539.030 |
15636.273 |
8050.348 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8712.527 |
6492.551 |
1900.349 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
96.315 |
1643.730 |
631.956 |
|
(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) |
0.000 |
16.378 |
73.527 |
|
(d) Long-term Loan and Advances |
530.745 |
165.420 |
434.126 |
|
(e) Other Non-current
assets |
1812.315 |
900.574 |
609.131 |
|
Total Non-Current Assets |
11151.902 |
9218.653 |
3649.089 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3566.190 |
2698.952 |
1455.284 |
|
(c) Trade receivables |
2350.224 |
1826.849 |
1479.780 |
|
(d) Cash and cash
equivalents |
18.015 |
219.413 |
215.439 |
|
(e) Short-term loans and
advances |
1109.165 |
1272.169 |
894.240 |
|
(f) Other current assets |
1343.534 |
400.237 |
356.516 |
|
Total Current Assets |
8387.128 |
6417.620 |
4401.259 |
|
|
|
|
|
|
TOTAL |
19539.030 |
15636.273 |
8050.348 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL INCOME |
16755.000 |
15149.000 |
9646.000 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
16247.000 |
13544.000 |
8540.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
508.000 |
1605.000 |
1106.000 |
|
|
|
|
|
|
|
Less |
TAX |
50.448 |
341.591 |
296.738 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
457.552 |
1263.409 |
809.262 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
3369.621 |
2474.105 |
1709.590 |
|
|
Design and other services |
73.874 |
16.305 |
0.000 |
|
|
Reimbursement of expenses |
192.226 |
171.351 |
0.000 |
|
|
TOTAL EARNINGS |
3635.721 |
2661.761 |
1709.590 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
4827.806 |
7013.886 |
NA |
|
|
Packaging materials, machines and others |
3108.808 |
1731.205 |
NA |
|
|
Components, stores, spares and consumables |
818.736 |
91.143 |
NA |
|
|
Capital Goods |
342.459 |
3614.690 |
NA |
|
|
TOTAL IMPORTS |
9097.809 |
12450.924 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
3.33 |
9.20 |
5.89 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
346.042 |
58.333 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
665.327 |
1088.948 |
771.019 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
2.61 |
11.48 |
15.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.52 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.95 |
2.46 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.78 |
0.95 |
0.97 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
1819.200 |
1373.200 |
1373.200 |
|
Reserves & Surplus |
887.808 |
1723.683 |
792.775 |
|
Net
worth |
2707.008 |
3096.883 |
2165.975 |
|
|
|
|
|
|
long-term borrowings |
750.000 |
5723.279 |
6337.375 |
|
Short term borrowings |
1029.024 |
1850.819 |
4048.075 |
|
Current Maturities of Long term debt |
0.000 |
58.333 |
346.042 |
|
Total
borrowings |
1779.024 |
7632.431 |
10731.492 |
|
Debt/Equity
ratio |
0.657 |
2.465 |
4.955 |
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 |
|
Total Income |
9646.000 |
15149.000 |
16755.000 |
|
|
|
57.050 |
10.601 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total Income |
9646.000 |
15149.000 |
16755.000 |
|
Profit |
809.262 |
1263.409 |
457.552 |
|
|
8.39% |
8.34% |
2.73% |
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 |
Yes |
|
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 |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL INFORMATION
Subject is a private company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is in the business of liquid packaging solutions and related products provided mainly to dairy, spirits and fruit processing industry.
OPERATIONS
The Company recorded a total income of Rs. 16755.000 million in the current financial year as against Rs. 15149.000 million in the last year. The production of packaging material for the year was 7.38 billion packs against 5.96 billion packs during the previous year while sales of packaging material were 7.28 billion packs as against 6.00 billion packs for the previous period. The sales of processing division were marginally higher at Rs.1744.000 Million as compared to Rs. 1732.000 Million recorded during previous period. The Company has earned lower a profit before tax of Rs.508.000 million as against Rs 1605.000 million in the previous period due to higher depreciation and interest.
PERFORMANCE AND
OUTLOOK
During the financial year 2013-2014, India was besieged by rapidly depreciating Rupee against US Dollar/other major currencies. This has been the reason for the higher spent on the imports of the country and in turn widened the fiscal deficit of the country. Inflation continues to be at a higher level.
In spite of the adverse conditions, the Company continues to grow its sales both in the domestic market as well as export market. The growth is witnessed in all categories namely dairy, juice, still drinks and alcohol. The Company continues to work closely with its customers to assist them in development and marketing of their products.
Barring unforeseen circumstances, the performance of the Company in the coming year is expected to be satisfactory.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Term loans from banks |
6337.375 |
5723.279 |
|
SHORT TERM
BORROWINGS |
|
|
|
Working capital loans from banks |
3000.000 |
900.000 |
|
Borrowing from foreign institutional |
1048.075 |
950.819 |
|
Total |
10385.450 |
7574.098 |
INDEX OF CHARGES:
NO CHARGES EXIST FOR COMPANY
FIXED ASSETS
· Land
· Buildings
· Office building
· Plant and equipment
· Vehicles
· Office equipment
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.66.20 |
|
|
1 |
Rs.98.29 |
|
Euro |
1 |
Rs.72.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
60 |
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.