MIRA
INFORM REPORT
|
Report No. : |
306994 |
|
Report Date : |
07.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
CAN-PACK INDIA PRIVATE LIMITED |
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Registered
Office : |
Plot No. L-18/25 to L-18/28 and L-19, MIDC, Waluj, |
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Country : |
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Financials (as
on) : |
31.12.2013 |
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Date of
Incorporation : |
26.11.2007 |
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Com. Reg. No.: |
11-176188 |
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Capital
Investment / Paid-up Capital : |
Rs. 6695.827 Millions |
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|
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CIN No.: [Company Identification
No.] |
U52390MH2007PTC176188 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKC01878C |
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PAN No.: [Permanent Account No.] |
AADCC2125J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Aluminum Beverage Cans. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behavior : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Can-Pack SA, Poland. It is an established
company having moderate track record. The company has witnessed a gradual improvement in its financial as well
as business profile. Management has reported a decent profit, with the help
of which the company has wiped off its accumulated losses during FY13. The ratings also take into consideration the continuous infusion of
funds from the part of promoters as capital. In view of strong support from holding company, the subject can be
considered for business dealings with slight 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 |
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|
|
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 DENIED
|
Name : |
Mr. Manish |
|
Contact No.: |
91-240-6600022 |
|
Date : |
12.09.2014 |
LOCATIONS
|
Registered Office : |
Plot No. L-18/25 to L-18/28 and L-19, MIDC, Waluj, Aurangabad –
431136, Maharashtra, India |
|
Tel. No.: |
91-240-6600000 / 6600022 |
|
Fax No.: |
91-240-6600001 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on: 20.06.2014
|
Name : |
Mr. Milind Madhavrao Gurjar |
|
Designation : |
Managing Director |
|
Address : |
402, IM Sai CHS, Plot No. 21, Road No.3, Sector 3, New Panvel, Navi Mumbai – 410206, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1964 |
|
Date of Appointment : |
01.11.2012 |
|
PAN No.: |
AENPG2326L |
|
DIN No. : |
06431167 |
|
|
|
|
Name : |
Mariusz Krystyn Stolarczyk |
|
Designation : |
Director |
|
Address : |
Jasien, Klonowa, 150, Poland - 32800 |
|
Date of Birth/Age : |
22.01.1971 |
|
Date of Appointment : |
13.11.2012 |
|
DIN No. : |
06426276 |
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|
Name : |
Mr. Ramchandra Parasram Une |
|
Designation : |
Managing Director |
|
Address : |
House No.1217, Roopam, Sainagar, Sector N-6, CIDCO, Aurangabad – 431003, Maharashtra, India |
|
Date of Birth/Age : |
28.09.1965 |
|
Date of Appointment : |
01.12.2012 |
|
PAN No. : |
AACPU7350B |
|
DIN No. : |
06430005 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjeev Kumar |
|
Designation : |
Company Secretary |
|
Address : |
A2-301, Meadows Hillmist, Kanchanwadi, Paithan Road, near Dakshin Vihar,
Aurangabad – 431001, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1970 |
|
Date of Appointment : |
24.02.2009 |
|
PAN No.: |
AMZPK4423G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 20.06.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Can-Pack S.A., Poland |
23397040 |
65.00 |
|
Pol-AM-Pack S.A., Poland |
12600001 |
35.00 |
|
|
|
|
|
Total |
35997041 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 20.06.2014
|
Category |
|
Percentage |
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|
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|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Aluminum Beverage Cans. |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
Not Available |
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Financial Institute |
The Hong kong and Shanghai Banking Corporation Limited, Amar Avinash Corporate City, Shop No. 6-7-8, Survey No. 11, Bund Garden Road, Pune, Maharashtra - 411011, India |
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Auditors : |
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Name : |
Deloitte Haskins and Sell Chartered Accountants |
|
Address : |
G/6, Garden Colony, A Wing, 2nd L J Cross Road, Mahim (West), Mumbai – 400016, Maharashtra, India |
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PAN No.: |
AABFD7919A |
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Holding company: |
·
Can-Pack SA, Poland |
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Fellow Subsidiary Company: |
· Can Pack Middle East DMCC · Can Pack Middle East LLC · Zeto SA · Pol Am Pack SA · IMET Bev Can Trading Private Limited |
CAPITAL STRUCTURE
As on: 20.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
83228300 |
Equity Shares |
Rs.100/- each |
Rs. 8322.830 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
83132004 |
Equity Shares |
Rs.100/- each |
Rs. 8313.200
Millions |
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|
|
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|
As on: 31.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
79507300 |
Equity Shares |
Rs.100/- each |
Rs. 7950.730 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
66958273 |
Equity Shares |
Rs.100/- each |
Rs. 6695.827
Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
6695.827 |
2561.360 |
2479.978 |
|
(b) Reserves & Surplus |
110.700 |
(173.771) |
(471.576) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
501.315 |
924.193 |
81.381 |
|
Total Shareholders’ Funds (1) + (2) |
7307.842 |
3311.782 |
2089.783 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1671.219 |
1478.987 |
1917.576 |
|
(b) Deferred tax liabilities (Net) |
61.478 |
48.935 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
5.626 |
7.198 |
4.084 |
|
Total Non-current Liabilities (3) |
1738.323 |
1535.120 |
1921.660 |
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|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
557.073 |
492.996 |
479.394 |
|
(b) Trade payables |
857.086 |
866.076 |
1073.208 |
|
(c) Other current
liabilities |
872.774 |
168.264 |
46.639 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
2286.933 |
1527.336 |
1599.241 |
|
|
|
|
|
|
TOTAL |
11333.098 |
6374.238 |
5610.684 |
|
|
|
|
|
|
II. ASSETS |
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|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2705.106 |
3162.813 |
3458.729 |
|
(ii) Intangible Assets |
71.160 |
85.545 |
90.050 |
|
(iii) Capital
work-in-progress |
5203.802 |
384.491 |
4.979 |
|
(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 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
251.822 |
585.977 |
67.075 |
|
(e) Other Non-current assets |
105.430 |
77.594 |
0.000 |
|
Total Non-Current Assets |
8337.320 |
4296.420 |
3620.833 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1105.932 |
1027.976 |
972.485 |
|
(c) Trade receivables |
608.649 |
538.601 |
614.299 |
|
(d) Cash and cash
equivalents |
326.673 |
163.185 |
37.414 |
|
(e) Short-term loans
and advances |
862.688 |
290.715 |
365.416 |
|
(f) Other current
assets |
91.836 |
57.341 |
0.237 |
|
Total Current Assets |
2995.778 |
2077.818 |
1989.851 |
|
|
|
|
|
|
TOTAL |
11333.098 |
6374.238 |
5610.684 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
4670.760 |
5010.530 |
3359.650 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
3682.830 |
4129.280 |
2883.570 |
|
|
|
|
|
|
|
|
Less |
FOREIGN EXCHANGE LOSS |
284.310 |
74.130 |
442.820 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
703.620 |
807.120 |
33.260 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
124.980 |
136.260 |
119.270 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
578.640 |
670.860 |
(86.010) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
281.630 |
324.120 |
293.680 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
297.010 |
346.740 |
(379.690) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
12.540 |
48.930 |
81.830 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
284.470 |
297.810 |
(461.520) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(173.770) |
(471.580) |
(10.060) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
110.700 |
(173.770) |
(471.580) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales of finished goods and scrap (FOB Value) |
1024.687 |
1458.613 |
608.306 |
|
|
|
Other income |
0.000 |
0.000 |
3.063 |
|
|
TOTAL EARNINGS |
1024.687 |
1458.613 |
611.369 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
CIF Value of imports |
5114.016 |
3221.313 |
2805.206 |
|
|
TOTAL IMPORTS |
5114.016 |
3221.313 |
2805.206 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.42 |
(11.63) |
(18.47) |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.09 |
5.94 |
(13.74) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
15.06 |
16.11 |
0.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.85 |
5.79 |
(6.77) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.10 |
(0.180 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.30 |
0.60 |
1.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.36 |
1.24 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
2479.978 |
2561.360 |
6695.827 |
|
Reserves & Surplus |
(471.576) |
(173.771) |
110.700 |
|
Share Application money
pending allotment |
81.381 |
924.193 |
501.315 |
|
Net worth |
2089.783 |
3311.782 |
7307.842 |
|
|
|
|
|
|
long-term borrowings |
1917.576 |
1478.987 |
1671.219 |
|
Short term borrowings |
479.394 |
492.996 |
557.073 |
|
Total borrowings |
2396.970 |
1971.983 |
2228.292 |
|
Debt/Equity ratio |
1.147 |
0.595 |
0.305 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
3359.650 |
5010.530 |
4670.760 |
|
|
|
49.138 |
-6.781 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
3359.650 |
5010.530 |
4670.760 |
|
Profit |
(461.520) |
297.810 |
284.470 |
|
|
(13.74)% |
5.94% |
6.09% |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.12.2013 |
As on 31.12.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Term loans from other |
1671.219 |
1478.987 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Term loans from other |
557.073 |
492.996 |
|
|
|
|
|
Total |
2228.292 |
1971.983 |
PERFORMANCE ANALYSIS
During the year under consideration the total income has been decreased to Rs. 4670.760 million which is almost 7% lower from total income of previous year. Total expenditure also reduced to Rs. 3967.140 million which is almost 6% lower from total expenditure of previous year. The profit before depreciation, interest and taxes were Rs. 703.620 million and after considering the depreciation interest and taxes the profit reduced to Rs. 284.470 million. However the total profit after taxes has been adjusted against the carry forward losses of the previous years and after this adjustment the carry forward profit arrived i.e. Rs. 110.700 million.
REVIEW OF CURRENT
OPERATIONS:
Due to globally adverse market scenario our business was affected during the year under consideration however we are confident to overcome from this situation in the next year. We are expecting to achieve new sales target in the next year. In the end of the year under consideration for this report the trail run of glass manufacturing from the green field glass bottles project has been started. Total capacity of this plant is to produce 800 MT Glass container per day. Two furnaces has been established in this project.
INDUSTRY STRUCTURE
AND DEVELOPMENTS: -
The overall market and specifically beverage industry has faced overall slowdown in 2013, we expected overall growth in double digits in 2013 however the industry has seen stagnant growth. Cola giant Coca-Cola have shown a negative growth. Market leader in beer industry United Breweries, SAB Miller, Carlsberg demonstrated barely any increase in their volumes. Can-Pack India sold 673 million Beverages Can & ends against the budgeted volume of 850 million. However we have still maintained our position as market leaders.
Can-Pack India (Beverage Can Branch) has again bagged World Star award 2013 for design and print quality, Can-Pack India was awarded with Gold Award by Hindustan Coca-Cola Beverages Private Limited for supplier's performance for 2013.
Considering the growing market of Glass Bottles in India we are expecting remarkable growth of Glass Bottles Branch of the Company in upcoming period.
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10535217 |
27/11/2014 |
50,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
AMAR AVINASH CORPORATE CITY, SHOP NO. 6-7-8, SURVEY NO. 11, BUND GARDEN ROAD, PUNE, MAHARASHTRA - 411011, INDIA |
C36146819 |
FIXED ASSETS
v
Tangible
Assets
Land
Buildings
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
Motor
Vehicles
Computer
Equipment’s
Ships
Vessels
v
Intangible Assets
Brands
and Trade Marks
Trade
Marks
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. 61.74 |
|
|
1 |
Rs. 94.65 |
|
Euro |
1 |
Rs. 74.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
37 |
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.