MIRA INFORM REPORT
|
Report No. : |
330482 |
|
Report Date : |
06.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
WACKER
METROARK CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village and Post Chandi (S), DH Road, PS Bushnupur, 24 Parganas (S) –
743503, West Bengal |
|
Tel. No.: |
91-33-24072100/ 30619221 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.12.2014 |
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|
|
|
Date of
Incorporation : |
13.08.1998 |
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|
|
|
Com. Reg. No.: |
21-087722 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 172.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24119WB1998PTC087722 |
|
|
|
|
IEC No.: |
0298023148 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACW2192G |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of Silicones based Products. |
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|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
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 |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Wacker Chemie AG, Germany’’ and came into
existence in 1998. It is engaged in the business of manufacturing and
importing of silicones based products. It has a fine track record. For the financial year ended 2014, the company possesses upstanding
operational performance and it has steady growth in its profit margin. Ratings also takes into consideration the impressive financial risk
profile of the company having strong net worth base and zero debt balance sheet
profile along with favourable gap between trade payables and trade
receivables. Trade relations are reported as fair. Business is active. Payments
terms results to be regular and as per commitment. In the view of strong holding company and healthy operational profile,
the company can be considered good for normal 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 – 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
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Soumik Chaterjee |
|
Designation : |
Import-Export Manager |
|
Contact No.: |
91-9830323957 |
|
Date : |
04.07.2015 |
LOCATIONS
|
Registered Office/ Factory/ Sales Offices : |
Village and Post Chandi (S), DH Road, PS Bushnupur, 24 Parganas (S) –
743503, West Bengal, India |
|
Tel. No.: |
91-33-24072100/ 30619221 |
|
Mobile No.: |
91-9830323957 (Mr. Soumik
Chaterjee) |
|
Fax No.: |
91-33-24709943/ 24072502 |
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E-Mail : |
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|
Website : |
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|
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|
Other Sales
Offices : |
Located at · Mumbai · Delhi · Chennai |
DIRECTORS
AS ON 21.03.2014
|
Name : |
Mr. Avijit Banerjee |
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|
Designation : |
Nominee Director |
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Address : |
8-B, Nakuleswar Bhattacharjee Lane, Kolkata- 700026, West
Bengal, India |
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Date of Birth/Age : |
29.07.1961 |
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Date of Appointment : |
18.12.1998 |
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Voter ID No.: |
WB/18/113/162861 |
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DIN No.: |
00031164 |
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Other Directorship :
|
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|
||||||||||||||||||||||||||||||||
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Name : |
Mr. Soumitra Ranjan Mukherjee |
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|
Designation : |
Managing director |
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|
Address : |
368/3, Parnasree Pally, Kolkata-700060, West Bengal, India |
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Date of Birth/Age : |
29.01.1955 |
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Date of Appointment : |
13.08.1998 |
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Voter ID No.: |
WB/23/150/003163 |
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PAN No.: |
AENPM4058D |
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DIN No.: |
01113738 |
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Other Directorship :
|
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|
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|
Name : |
Mr. Christian Hartel |
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Designation : |
Nominee director |
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|
Address : |
Barbarinostr.7, Burghausen-84489, Germany |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.03.1971 |
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Date of Appointment : |
29.06.2012 |
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DIN No.: |
05321885 |
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KEY EXECUTIVES
|
Name : |
Mr. Soumik Chaterjee |
|
Designation : |
Import-Export Manager |
|
|
|
|
Name : |
Mr. Jitendra Tiwari |
|
Designation : |
Secretary |
|
Address : |
B/234 Prince Anwar Shah Road (Lake Gardens), Lake,
Kolkata-700045, West Bengal, India |
|
Date of Birth/Age : |
12.11.1952 |
|
Date of Appointment : |
12.08.2002 |
|
PAN No.: |
ABRPT2839G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.03.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Metroark Private Limited, India |
845250 |
49.00 |
|
Wacker Chemie AG, Germany |
879750 |
51.00 |
|
Total |
1725000 |
100.00 |
AS ON 21.03.2014
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 |
51.00 |
|
Bodies corporate |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Silicones based Products. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· Germany · France · USA |
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Terms : |
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Selling : |
Cash, L/C and Credit (30 days, 60 days and 90 days) |
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Purchasing : |
Cash, L/C and Credit (30 days, 60 days and 90 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users and OEMs
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
-- |
|
Banking
Relations : |
-- |
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|
Auditors : |
|
|
Name : |
S. P.
Chaterjee and Company Chartered Accountants |
|
Address : |
10,
Old Post Office Street, Kolkata - 700001, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAMFS3042A |
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|
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Memberships : |
-- |
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|
|
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Collaborators : |
-- |
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|
|
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Holding Company : |
Wacker Chemie AG, Germany |
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|
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Joint Promoter : |
Metroark Private Limited |
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Fellow Subsidiaries : |
· Wacker Chemicals (China) Company Limited · Wacker Chemicals (Zhang.) Company Limited · Wacker Chemicals Middle East FZE · DRAWIN Vertriebs-GmbH · Wacker Chemical Corporation · Wacker Chemicals (South Asia) Pte. Limited · Wacker Chemicals Hong Kong Limited · Wacker Chemicals Korea, Incorporation · Wacker Asahikasei Silicone Company Limited · Wacker Mexicana S.A. de C.V. · Wacker Quimica do Brazil Ltda. · Wacker Chemie Italia S.r.l. ·
Wacker Chemie India Private Limited |
CAPITAL STRUCTURE
AS ON 31.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1800000 |
Equity Shares |
Rs.100/- each |
Rs. 180.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1725000 |
Equity Shares |
Rs.100/- each |
Rs. 172.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
172.500 |
172.500 |
172.500 |
|
(b) Reserves & Surplus |
2315.757 |
1934.109 |
1586.920 |
|
(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) |
2488.257 |
2106.609 |
1759.420 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
35.603 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
1.325 |
1.500 |
4.842 |
|
(d)
long-term provisions |
8.355 |
5.572 |
5.698 |
|
Total
Non-current Liabilities (3) |
45.283 |
7.072 |
10.540 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
926.042 |
832.795 |
417.585 |
|
(c)
Other current liabilities |
53.904 |
43.539 |
24.343 |
|
(d)
Short-term provisions |
1333.568 |
1187.969 |
1228.040 |
|
Total
Current Liabilities (4) |
2313.514 |
2064.303 |
1669.968 |
|
|
|
|
|
|
TOTAL |
4847.054 |
4177.984 |
3439.928 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
599.888 |
269.681 |
297.391 |
|
(ii)
Intangible Assets |
16.377 |
28.518 |
1.800 |
|
(iii)
Capital work-in-progress |
33.257 |
66.774 |
10.832 |
|
(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 |
4.152 |
2.801 |
|
(d) Long-term Loan
and Advances |
22.539 |
94.997 |
26.154 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
672.061 |
464.122 |
338.978 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1112.340 |
960.505 |
721.549 |
|
(c)
Trade receivables |
1429.740 |
1271.948 |
935.253 |
|
(d)
Cash and cash equivalents |
318.279 |
384.058 |
331.956 |
|
(e)
Short-term loans and advances |
1263.456 |
1084.806 |
1099.504 |
|
(f)
Other current assets |
51.178 |
12.545 |
12.688 |
|
Total
Current Assets |
4174.993 |
3713.862 |
3100.950 |
|
|
|
|
|
|
TOTAL |
4847.054 |
4177.984 |
3439.928 |
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.12.2014 |
31.12.2013 |
|
|
TURNOVER (NET) |
|
5267.190 |
4222.730 |
|
|
|
|
|
|
|
|
OPERATING PROFIT (EBITDA) |
|
951.790 |
798.010 |
|
|
|
|
|
|
|
|
LESS: DEPRECIATION AND AMORTIZATION |
|
64.330 |
53.630 |
|
|
|
|
|
|
|
|
EARNINGS BEFORE INTEREST AND TAX (EBIT) |
|
887.460 |
744.370 |
|
|
|
|
|
|
|
|
ADD :INTEREST INCOME |
|
5.090 |
10.860 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(PBT) |
|
892.550 |
755.230 |
|
|
|
|
|
|
|
|
LESS :TAX EXPENSES |
|
303.280 |
256.680 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(PAT) |
|
589.270 |
498.550 |
|
|
|
|
|
|
|
|
ADD: PROFIT BROUGHT FORWARD FROM PREVIOUS
YEAR |
|
0.490 |
0.300 |
|
|
|
|
|
|
|
|
APPROPRIATION TO: |
|
|
|
|
|
Proposed
dividend |
|
172.500 |
129.380 |
|
|
Tax
on proposed dividend |
|
35.120 |
21.990 |
|
|
Transfer
to general reserve |
|
382.000 |
347.000 |
|
|
Balance carried forward |
|
0.140 |
0.490 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
Export Earnings |
|
1948.010 |
1692.180 |
|
TOTAL EARNINGS |
|
1948.010 |
1692.180 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
341.61 |
289.01 |
|
|
|
PARTICULARS |
|
|
31.12.2012 |
|||||
|
|
TURNOVER |
|
|
3441.350 |
|||||
|
|
|
|
|
|
|||||
|
Less |
EXPENSES |
|
|
|
|||||
|
|
|
TOTAL |
|
|
NA |
||||
|
|
|
|
|
|
|||||
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
680.010 |
|||||
|
|
|
|
|
|
|||||
|
Less |
FINANCIAL
EXPENSES |
|
|
18.390 |
|||||
|
|
|
|
|
|
|||||
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
661.620 |
|||||
|
|
|
|
|
|
|||||
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
46.720 |
|||||
|
|
|
|
|
|
|||||
|
|
PROFIT BEFORE
TAX |
|
|
614.900 |
|||||
|
|
|
|
|
|
|||||
|
Less |
TAX |
|
|
200.410 |
|||||
|
|
|
|
|
|
|||||
|
|
PROFIT AFTER TAX
|
|
|
414.490 |
|||||
|
|
|
|
|
||||||
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||||||
|
|
Export Earnings |
|
|
1206.880 |
|||||
|
TOTAL EARNINGS |
|
|
1206.880 |
||||||
|
|
|
|
|
||||||
|
Earnings Per
Share (Rs.) |
|
|
240.28 |
||||||
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2014 |
31.12.2013 |
31.12.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
656.800 |
582.549 |
301.685 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.54 |
18.39 |
17.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36 |
0.36 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.80 |
1.80 |
1.86 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT
EQUITY RATIO
|
Particular |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
172.500 |
172.500 |
172.500 |
|
Reserves & Surplus |
1586.920 |
1934.109 |
2315.757 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1759.420 |
2106.609 |
2488.257 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR
GROWTH
|
Year
on Year Growth |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
3441.350 |
4222.730 |
5267.190 |
|
|
|
22.706 |
24.734 |
NET
PROFIT MARGIN
|
Net
Profit Margin |
31.12.2012 |
31.12.2013 |
31.12.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
3441.350 |
4222.730 |
5267.190 |
|
Profit |
414.490 |
498.550 |
589.270 |
|
|
12.04% |
11.81% |
11.19% |
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 |
Yes |
|
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 |
Yes |
|
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 |
INDEX OF CHARGES NO CHARGES
EXIST FOR COMPANY
OPERATING RESULTS
The company posted yet
another year of impressive performance with a steady growth both in turnover as
well as in net margin. The company’s Turnover grew to Rs. 5,267,192 thousand, from
Rs. 4,222,735 thousand in the previous year, thus recording an increase of
24.73%.
The export sales increased
to Rs. 1,860,939 thousand from Rs. 1,648,761 thousand in the previous year
yielding a growth of 12.87%.
The profits before tax for
the year under review increased to Rs. 892,549 thousand as against to Rs.
755,234 thousand in the previous year registering a growth of 18.18%. This PBT
for 2014 includes exceptional income of Rs. 81,730 thousand on account of
excess depreciation reversal income arising from change of depreciation method.
FUTURE GROWTH PLANS: EXPANSION AND NEW PROJECTS
The Company has continued
its quest to increase the operational size, considering the long term growth
prospects for the Company’s products, for enhancing shareholders’ value. It has
strengthened its presence in India by investing in a state of the art new
logistic warehouse in Amtala.
FIXED ASSETS
Tangible Assets
· Land
· Building
· Plant Equipment
·
Furniture and Fixtures
·
Vehicles
·
Computer Equipment
Intangible Assets
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. 63.58 |
|
|
1 |
Rs. 99.11 |
|
Euro |
1 |
Rs. 70.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
IND |
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 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
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 |
|
63 |
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.