MIRA INFORM REPORT
|
Report No. : |
346434 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
HENKEL ANAND INDIA PRIVATE LIMITED (w.e.f. 13.05.2015) |
|
|
|
|
Formerly Known
As : |
HENKEL TEROSON INDIA PRIVATE LIMITED (w.e.f. 01.04.2015) HENKEL TEROSON INDIA LIMITED |
|
|
|
|
Registered
Office : |
77, Industrial Development Colony, Mehrauli Gurgaon Road, Gurgaon –
122001, Haryana |
|
Tel. No.: |
91-124-4234100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
31.10.1996 |
|
|
|
|
Com. Reg. No.: |
05-033371 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.681 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24222HR1996PTC033371 |
|
|
|
|
IEC No.: |
0597001791 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACH5216Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of Industrial adhesive products and automotive parts. |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1996. Henkel AG and Company,
Germany is holding company and has 51% stake in subject company. For the FY 2014, the company has decent revenue profile marked by
satisfactory profitability margin of 5.34%. The company possesses adequate net worth base marked by low borrowings
and decent cash accruals. Trade relations are fair. Business is active. Payment are regular and
as per commitment. The company can be considered 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.
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Govardhan Naidu |
|
Designation : |
Head of Finance |
|
Contact No.: |
23.10.2015 |
|
Date : |
91-96434708640 |
LOCATIONS
|
Registered Office : |
77, Industrial Development Colony, Mehrauli Gurgaon Road, Gurgaon –
122001, Haryana, India |
|
Tel. No.: |
91-124-4234100 |
|
Mobile No.: |
91-9867286733 (Mr. Harish) |
|
Fax No.: |
Not Divulged |
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E-Mail : |
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|
Website : |
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|
|
|
|
Factory : |
74, Industrial Development Colony, Mehruali Gurgaon Road, Gurgaon –
122001, Haryana, India |
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|
|
|
Corporate Office : |
Kesar Solitaire, 10the Floor, Plot No. 5, Sector 19, Palm Beach Road,
Sanpada, Navi Mumbai – 400705, Maharashtra, India |
|
|
|
|
Branch : |
407, 4th Floor, Opposite Suncity, Centram Plaza, Sector 53,
Gurgaon – 122001, Haryana, India |
|
|
|
|
Factory : |
Plot No. C-22, SIPCOT Industrial Park, Irrugattukottai, Sriperumbudar
Taluk, Chennai – 402105, Tamilnadu, India |
|
Fax No. |
91-44-47109700 |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mahendra Kumar Goyal |
|
Designation : |
Director |
|
Address : |
18, Anand Farm, 25.3km Palam Gurgaon Road, Shri Krishna Chowk, Sector - 22, Gurgaon - 122016, Haryana, India |
|
Date of Birth/Age : |
01.11.1969 |
|
Date of Appointment : |
10.12.2009 |
|
DIN No.: |
02605616 |
|
|
|
|
Name : |
Sundararaman Ramakrishnan Iyer |
|
Designation : |
Director |
|
Address : |
A-2/403, Gangotri Sadan Chs Ltd, Bangur Nagar, Goregaon (West), Mumbai - 400090, Maharashtra, India |
|
Date of Birth/Age : |
24.05.1960 |
|
Date of Appointment : |
22.11.2010 |
|
DIN No.: |
03303029 |
|
|
|
|
Name : |
Ravi Kumar Sinha |
|
Designation : |
Director |
|
Address : |
B-2/6, Vasant Vihar, R K Puram, New Delhi, 110057, Delhi, India |
|
Date of Birth/Age : |
28.10.1947 |
|
Date of Appointment : |
17.11.2011 |
|
DIN No.: |
00350100 |
|
|
|
|
Name : |
Nuri Erdem Kocak |
|
Designation : |
Director |
|
Address : |
Silverene Towers 2008,, Tower A, Po Box 61341, Dubai, 61341, , United Arab Emirates |
|
Date of Birth/Age : |
07.09.1960 |
|
Date of Appointment : |
23.09.2014 |
|
DIN No.: |
06955497 |
|
|
|
|
Name : |
Jeremy Hunter |
|
Designation : |
Director |
|
Address : |
105 Webb St Warrandyte Vic, Australia, 3113, , Australia |
|
Date of Birth/Age : |
16.05.1960 |
|
Date of Appointment : |
31.08.2011 |
|
DIN No.: |
03536491 |
|
|
|
|
Name : |
Manish P Dave |
|
Designation : |
Additional Director |
|
Address : |
7th Floor, Lotus Tower Plot No 1, North South Rd No 12-A,Jvpd Sechme, Vile Parle West, Mumbai - 400049, Maharashtra, India |
|
Date of Appointment : |
21.11.2014 |
|
DIN No.: |
07023688 |
|
|
|
|
Name : |
Maya Chaudhari |
|
Designation : |
Additional Director |
|
Address : |
7267 D-7, Vasant Kunj, New Delhi, 110070, Delhi, India |
|
Date of Appointment : |
18.08.2015 |
|
DIN No.: |
07207687 |
KEY EXECUTIVES
|
Name : |
Mr. Govardhan Naida |
|
Designation : |
Head of Finance |
MAJOR SHAREHOLDERS
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Henkel AG and Company KgaA |
|
697735 |
|
Asia Investment Private Limited, India |
|
670368 |
|
K K Jaggi and Deepak Chopra |
|
1 |
|
M K Goyal and K K Jaggi |
|
1 |
|
Ramni Sood and K K K Jaggi |
|
1 |
|
Deepak Chopra and K K Jaggi |
|
1 |
|
P K Srivastava and K K Jaggi |
|
1 |
|
|
|
|
|
Total |
|
1368108 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
51.00 |
|
Bodies corporate |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Adhesive Products and Automotive Parts. |
|
|
|
|
Products : |
Not Divulged |
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|
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|
Brand Names : |
Not Available |
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|
|
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Agencies Held : |
Not Available |
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|
|
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Exports : |
|
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Products : |
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|
Countries : |
Iran |
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|
|
|
Imports : |
|
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Products : |
Raw Material |
|
Countries : |
|
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|
|
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Terms : |
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|
Selling : |
Cheque and Credit |
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|
|
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Purchasing : |
Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
End Users and OEM’s
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No. of Employees : |
600 (Approximately) |
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Bankers : |
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||||||||||||||||||||||
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Auditors : |
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|
Name : |
B S R And Company Chartered Accountants |
|
Address : |
Building No. 10, 8th Floor, Tower-B, DLF Cyber City, Phase - II, Gurgaon- 122002, Haryana, India |
|
PAN No.: |
AAIFB0630K |
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|
|
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Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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Holding company : |
Henkel AG and Company KGaA |
|
|
|
|
Fellow Subsidiary
Company : |
|
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management
personnel and their relatives : |
Anand Automotive Limited |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1368108 |
Equity Shares |
Rs.10/- each |
Rs. 13.681
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 |
13.681 |
13.681 |
13.681 |
|
(b) Reserves & Surplus |
525.407 |
522.945 |
442.802 |
|
(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) |
539.088 |
536.626 |
456.483 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.377 |
0.890 |
3.575 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
9.658 |
8.952 |
5.141 |
|
Total Non-current
Liabilities (3) |
12.035 |
9.842 |
8.716 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
48.185 |
52.701 |
42.711 |
|
(b) Trade
payables |
322.301 |
320.240 |
345.427 |
|
(c) Other
current liabilities |
112.527 |
64.955 |
41.200 |
|
(d) Short-term
provisions |
20.229 |
21.858 |
97.813 |
|
Total Current
Liabilities (4) |
503.242 |
459.754 |
527.151 |
|
|
|
|
|
|
TOTAL |
1054.365 |
1006.222 |
992.350 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
211.496 |
194.497 |
194.619 |
|
(ii)
Intangible Assets |
30.926 |
7.155 |
3.973 |
|
(iii)
Capital work-in-progress |
16.611 |
48.967 |
4.986 |
|
(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 |
42.647 |
30.880 |
15.687 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
301.680 |
281.499 |
219.265 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
269.904 |
265.742 |
254.419 |
|
(c) Trade
receivables |
262.317 |
240.006 |
254.853 |
|
(d) Cash
and cash equivalents |
120.160 |
78.254 |
118.245 |
|
(e)
Short-term loans and advances |
100.231 |
127.080 |
118.472 |
|
(f) Other
current assets |
0.073 |
13.641 |
27.096 |
|
Total Current
Assets |
752.685 |
724.723 |
773.085 |
|
|
|
|
|
|
TOTAL |
1054.365 |
1006.222 |
992.350 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2146.143 |
2180.506 |
2243.370 |
|
|
Other Income |
1.147 |
1.894 |
1.556 |
|
|
TOTAL |
2147.290 |
2182.400 |
2244.926 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1329.520 |
1497.956 |
1513.552 |
|
|
Purchases of Stock-in-Trade |
109.894 |
0.000 |
24.080 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(6.712) |
(10.188) |
(28.732) |
|
|
Employees benefits expense |
123.265 |
105.506 |
106.710 |
|
|
Other expenses |
397.623 |
373.609 |
339.199 |
|
|
TOTAL |
1953.590 |
1966.883 |
1954.809 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
193.700 |
215.517 |
290.117 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.362 |
0.284 |
0.409 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
192.338 |
215.233 |
289.708 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
32.300 |
27.677 |
21.565 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
160.038 |
187.556 |
268.143 |
|
|
|
|
|
|
|
Less |
TAX |
45.532 |
59.712 |
79.200 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
114.506 |
127.844 |
188.943 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
0.005 |
0.238 |
0.351 |
|
|
TOTAL EARNINGS |
0.005 |
0.238 |
0.351 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
404.687 |
452.661 |
477.772 |
|
|
Stores & Spares |
9.348 |
22.666 |
0.789 |
|
|
Capital Goods |
3.064 |
5.931 |
0.000 |
|
|
TOTAL IMPORTS |
417.099 |
481.258 |
478.561 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
83.70 |
93.45 |
138.11 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2380.000 |
|
|
|
|
|
Expected Sales (2015-16): Rs. 2550.000 Million
The above information has been parted by Mr. Goverdhan Naidu (Head of
Finance)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.34 |
5.86 |
8.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.03 |
9.88 |
12.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.42 |
19.59 |
27.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.35 |
0.59 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.09 |
0.10 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50 |
1.58 |
1.47 |
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 |
13.681 |
13.681 |
13.681 |
|
Reserves & Surplus |
442.802 |
522.945 |
525.407 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
456.483 |
536.626 |
539.088 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
42.711 |
52.701 |
48.185 |
|
Total
borrowings |
42.711 |
52.701 |
48.185 |
|
Debt/Equity
ratio |
0.094 |
0.098 |
0.089 |
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 |
2243.370 |
2180.506 |
2146.143 |
|
|
|
(2.802) |
(1.576) |
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 |
2243.370 |
2180.506 |
2146.143 |
|
Profit |
188.943 |
127.844 |
114.506 |
|
|
8.42% |
5.86% |
5.34% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
---- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Other loans and advances |
48.185 |
52.701 |
|
Total |
48.185 |
52.701 |
|
|
|
|
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- 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, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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. 65.15 |
|
UK Pound |
1 |
Rs. 100.54 |
|
Euro |
1 |
Rs. 73.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUV |
|
|
|
|
Analysis Done by
: |
AMT |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
51 |
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.