MIRA INFORM REPORT
|
Report No. : |
313337 |
|
Report Date : |
20.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALPHA PACKAGING PRIVATE LIMITED (w.e.f.
18.11.2008) |
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Formerly Known
As : |
ALPHA PACKAGING LIMITED |
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Registered
Office : |
1 Jash Market, Ring Road, Surat – 395002, Gujarat |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
14.09.1988 |
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Com. Reg. No.: |
04-011241 |
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Capital
Investment / Paid-up Capital : |
Rs. 49.162 Million |
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CIN No.: [Company Identification
No.] |
U25209GJ1988PTC011241 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
SRTA00096F |
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PAN No.: [Permanent Account No.] |
AACCA0053A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of high quality bottles and jars made from polyethylene
terephthalate, HDPE, PP. |
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No. of Employees
: |
350 (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 |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General
financial position of the company is good. Trade relations are reported as
fair. Business is active. Payments are reported to be usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
Not Available
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Kamal Agarwal |
|
Designation : |
Director |
|
Contact No.: |
91-9904182000 |
|
Date : |
19.03.2015 |
LOCATIONS
|
Registered / Corporate Office : |
1 Jash Market, Ring Road, Surat-395002, Gujarat, India |
|
Tel. No.: |
91-261-2338100/8200/8300 |
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Mobile No.: |
91-9904182000 (Mr. Kamal Agarwal) |
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Fax No.: |
91-261-2331533 |
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E-Mail : |
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Website : |
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Area : |
2000 Sq. Ft. (Approximately) |
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Location : |
Owned |
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Factory 1 : |
Plot No. 374, |
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Tel. No.: |
91-260-2242948/2242693/2242694 |
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Fax No.: |
91-260-2242978 |
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Factory 2 : |
Plot No. P-38/3, Mahindra Industrial Park, Anjur Village,
Chengalpattu, Kancheepuram-603002, Tamilnadu, India |
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Factory 3 : |
Shed No. D-1/2, Dev Bhoomi Industrial Estate, Pohana Iqbalpur Road, Bantakhedi
– 247667, Taluka – Roorkee, District – Haridwar (Uttrakhand) |
|
Tel. No.: |
91-133-2231046s |
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Factory 4 : |
Bhatauli Kalan, Pragana, Dharampur, Tehsil Nalagarh, District Solan –
174103, Himachal Pradesh, India |
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Tel. No.: |
91-1795-244351 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Saurabh Kamalkishore Agarwal |
|
Designation : |
Director |
|
Address : |
25, Maitry Row House, Nr. Sarjan Society, Parle Point, Surat-395007,
Gujarat, India |
|
Date of Birth/Age : |
18.03.1985 |
|
Date of Appointment : |
24.05.2007 |
|
DIN No.: |
01519920 |
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Name : |
Mr. Akshay Kamalkishore Agarwal |
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Designation : |
Director |
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Address : |
25, Maitry Row House, Nr. Sarjan Society, Parle Point, Surat-395007,
Gujarat, India |
|
Date of Birth/Age : |
09.05.1991 |
|
Date of Appointment : |
02.06.2014 |
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DIN No. : |
02926696 |
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Name : |
Mr. Shyam Kanhiyalal Agarwal |
|
Designation : |
Director |
|
Address : |
11/B, Ratna Milan Apt. Nr. Panjara Pole, Ghod Dod Road,
Surat-395007,
Gujarat, India |
|
Date of Birth/Age : |
07.05.1959 |
|
Date of Appointment : |
03.05.2010 |
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DIN No.: |
00382661 |
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Name : |
Mr. Nilaksh Shyam Agarwal |
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Designation : |
Director |
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Address : |
502, Prabhu Darshan Society, Lal Bungalow, Athwalines, Surat-395007,
Gujarat, India |
|
Date of Birth/Age : |
09.07.1982 |
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Date of Appointment : |
01.07.2000 |
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DIN No.: |
00577460 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kanhaiyalal S. Agrawal |
|
457550 |
|
Kanhaiyalal Agrawal (HUF) |
|
350500 |
|
Shantidevi Agarwal |
|
421000 |
|
Kamal K. Agarwal |
|
396050 |
|
Kamal K. Agarwal (HUF) |
|
400500 |
|
Shyam K. Agarwal |
|
374525 |
|
Shyam Agarwal (HUF) |
|
374525 |
|
Santosh Agarwal |
|
325000 |
|
Jugal K. Agarwal |
|
425000 |
|
Kiran Agarwal |
|
434050 |
|
Nilaksh Agarwal |
|
480000 |
|
Saurabh K Agarwal |
|
105000 |
|
Alpha Plastomer Private Limited, India |
|
2500 |
|
Saloni J Agarwal |
|
200000 |
|
Sohini J Agarwal |
|
170000 |
|
Total |
|
4916200 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
0.05 |
|
Directors or relatives of Directors |
99.95 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of high quality bottles and jars made from polyethylene
terephthalate, HDPE, PP. |
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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 : |
Finished Goods |
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Countries : |
Gulf Countries |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30, 60 and 90 Days) |
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Purchasing : |
Cash and Credit (30, 60 and 90 Days) |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users, OEMs and Manufacturer
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No. of Employees : |
350 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
S N K and Company Chartered Accountant |
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Address : |
SNK House, 31-A, Adarsh Society, Opposite Seventh Day, Adventiest High
School, Atwalines, Surat – 395001, Gujarat, India |
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Tel. No.: |
91-261-2656273/4/ 6544791/2/ 3299540/47 |
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Fax No.: |
91-261-2656868 |
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E-Mail : |
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PAN No: |
AAJFS8455L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
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Holding Company : |
SRB Vanijya Private Limited (w.e.f. 01.10.2012) |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4916200 |
Equity Shares |
Rs.10/- each |
Rs. 49.162 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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I.
EQUITY AND LIABILITIES |
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|
(1)Shareholders' Funds |
|
|
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(a) Share Capital |
49.162 |
49.162 |
49.162 |
|
(b) Reserves &
Surplus |
449.844 |
400.039 |
359.021 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
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|
|
|
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
499.006 |
449.201 |
408.183 |
|
|
|
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(3) Non-Current
Liabilities |
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|
|
|
(a) long-term borrowings |
0.906 |
21.336 |
8.461 |
|
(b) Deferred tax
liabilities (Net) |
13.333 |
16.580 |
20.042 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
14.239 |
37.916 |
28.503 |
|
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|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
14.862 |
0.000 |
|
(b) Trade payables |
32.973 |
15.465 |
20.770 |
|
(c) Other current
liabilities |
6.616 |
14.620 |
16.052 |
|
(d) Short-term provisions |
17.385 |
15.111 |
19.941 |
|
Total Current Liabilities
(4) |
56.974 |
60.058 |
56.763 |
|
|
|
|
|
|
TOTAL |
570.219 |
547.175 |
493.449 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
195.796 |
218.320 |
241.588 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
25.198 |
23.648 |
11.868 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
100.898 |
91.248 |
47.745 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
321.892 |
333.216 |
301.201 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
31.814 |
22.849 |
20.330 |
|
(c) Trade receivables |
116.297 |
120.383 |
121.804 |
|
(d) Cash and cash
equivalents |
82.697 |
53.616 |
17.486 |
|
(e) Short-term loans and
advances |
16.587 |
16.690 |
17.219 |
|
(f) Other current assets |
0.932 |
0.421 |
15.409 |
|
Total Current Assets |
248.327 |
213.959 |
192.248 |
|
|
|
|
|
|
TOTAL |
570.219 |
547.175 |
493.449 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
562.136 |
559.129 |
512.735 |
|
|
Other Income |
8.292 |
2.773 |
2.812 |
|
|
TOTAL (A) |
570.428 |
561.902 |
515.547 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
350.104 |
343.186 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(4.090) |
(3.094) |
|
|
|
Employees benefits
expense |
26.857 |
28.978 |
|
|
|
|
-0.050 |
3.015 |
|
|
|
Other expenses |
98.655 |
101.756 |
|
|
|
TOTAL (B) |
471.476 |
473.841 |
436.085 |
|
|
|
|
|
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|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
98.952 |
88.061 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
1.223 |
0.367 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
97.729 |
87.694 |
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
32.747 |
34.442 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
64.982 |
53.252 |
79.462 |
|
|
|
|
|
|
|
Less |
TAX (H) |
15.177 |
12.234 |
10.319 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
49.805 |
41.018 |
69.143 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (J) |
395.430 |
354.412 |
285.269 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S (I+J) |
445.235 |
395.430 |
354.412 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
10.13 |
8.34 |
14.06 |
Expected Sales (2014-2015) : Rs. 580.000 Million
The above information has been parted by Mr. Kamal Agarwal
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT/ Sales) |
(%) |
8.86 |
7.34 |
13.49 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
17.60 |
15.75 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.92 |
10.17 |
16.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.12 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.08 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.36 |
3.56 |
3.39 |
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 |
49.162 |
49.162 |
49.162 |
|
Reserves & Surplus |
359.021 |
400.039 |
449.844 |
|
Net worth |
408.183 |
449.201 |
499.006 |
|
|
|
|
|
|
long-term borrowings |
8.461 |
21.336 |
0.906 |
|
Short term borrowings |
0.000 |
14.862 |
0.000 |
|
Total borrowings |
8.461 |
36.198 |
0.906 |
|
Debt/Equity ratio |
0.021 |
0.081 |
0.002 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
512.735 |
559.129 |
562.136 |
|
|
|
9.048 |
0.538 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
512.735 |
559.129 |
562.136 |
|
Profit |
69.143 |
41.018 |
49.805 |
|
|
13.49% |
7.34% |
8.86% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF LONG TERM DEBTS IS NOT AVAILABLE
|
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 |
Yes |
|
5] |
Type
of Business |
Yes |
|
6] |
Line
of Business |
Yes |
|
7] |
Promoter's
background |
Yes |
|
8] |
No.
of employees |
Yes |
|
9] |
Name
of person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
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 |
Yes |
|
15] |
Capital
in the business |
Yes |
|
16] |
Details
of sister concerns |
Yes |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
Yes |
|
20] |
Export
/ Import details (if applicable) |
Yes |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
---------------------- |
|
23] |
Banking
Details |
Yes |
|
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 |
No |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advances from Related Parties |
|
|
|
From Directors and Shareholders |
0.906 |
21.336 |
|
Total |
0.906 |
21.336 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10252125 |
10/11/2010 |
3,000,000.00 |
DIRECTOR OF INDUSTRIES HIMACHAL PRADESH (SWCA) |
SINGLE WINDOW CLEARANCE SYSTEM ( SWCA), BADDI, HIMACHAL PRADESH - 173205, INDIA |
A98643919 |
|
2 |
10072947 |
16/05/2008 * |
40,000,000.00 |
ORIENTAL BANK OF COMMERCE |
JASH MARKET, RING ROAD, SURAT, GUJARAT - 395002, INDIA |
A39119979 |
|
3 |
10072943 |
16/05/2008 * |
168,923,000.00 |
ORIENTAL BANK OF COMMERCE |
JASH MARKET, RING ROAD, SURAT, GUJARAT - 395002, INDIA |
A39118427 |
|
4 |
90095511 |
19/09/1991 |
386,984.00 |
ORIENTAL BANK OF COMMERCE |
JASH TEXTILE & YARN MARKET; RING ROAD, SURAT, GUJARAT, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Computers and Accessories
- Factory Building
- Furniture and Fixtures
- Lab Equipment
- Moulds and Dies
- Office Equipments
- Plant and Machinery
- Vehicles
- Weighing Scale
- Land
- Factory Building
- Electrical Installation
- Office Equipments
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. 62.42 |
|
|
1 |
Rs. 92.99 |
|
Euro |
1 |
Rs. 67.29 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--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.