MIRA
INFORM REPORT
|
Report Date : |
10.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
METAL POWDER COMPANY LIMITED |
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Registered Office : |
113, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
05.05.1961 |
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Com. Reg. No.: |
18-4478 |
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CIN No.: [Company
Identification No.] |
U28910TN1961PLC004478 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MRIT00817F |
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PAN No.: [Permanent
Account No.] |
AAACT4262E |
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Legal Form : |
Closely held public limited liability company. |
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Line of Business : |
Manufacturer and Marketer of Aluminium Powder, Aluminium Paste and Golden Bronze Powder. |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 2976664 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having fine track. Directors are reported as respectable, experienced and resourceful businessmen. Their trade relations are reported as fair. General financial position of the company is satisfactory. Business is active. Payments are usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
113, |
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Tel. No.: |
91-4562-281995 (4 lines) / 280599/220428 |
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Fax No.: |
91-4562-280689/220428 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Head Office: |
Maravan Kulam, Thirumangalam, Madurai District, |
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Tel. No.: |
91-4549-281995 (4 Lines) /280599 / 329995 -329998 |
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Fax No.: |
91-4549-280689 |
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E-Mail : |
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Factory: |
v
Maravankulam, Thirumangalam - 625706, Madurai
District, v
Pithampur, |
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Location : |
Owned |
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Branch : |
v
Sivakasi
depot 113,
Fax
No: 91-4562-220428 v
90,
v
Chennai
Depot 26
and 27, Fax
No: 91-44-25610398 v
Kolkata
Depot Subarnarekha Agricultural Estate 1/1,
E-mail: mepco@vsnl.net v
Near
Chandorkar's Bada, Behind Punjab & Sind Bank, v
Mumbai
Depot: 'Nain Krupa' Fourth Floor, 118/122, v
5-A, Ground Floor, Lane No.14, Delhi-110 042 Tel No: 91-11-25431655 / 25431644 / 32516556 Fax No: 91-11-25431644 E Mail: delhi@mepco.co.in |
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Northern
Zone: |
·
M/S.Mangalchand Bhanwarlal Agencies, ·
M/S.Bawa Paints Pvt. Ltd., ·
M/S.Krishna Resins & Pigments Pvt. Ltd. ·
M/S.R.S.Chemicals, ·
M/S.Supertex Chemicals, ·
M/S.Tarachand Ravikumar |
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Western Zone: |
·
M/S .R.Nagardas And Company ·
M/S.Asanand Sons, ·
M/S.Arihant Marketing,
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Eastern Zone: |
·
M/S.Noble Dyes ·
M/S.Excel Traders, |
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Southern Zone: |
·
M/S.Shreyas Hi-Tek Associates ·
M/S.Poosarla Agencies, ·
M/S.National Chem ·
M/S.Gautam Dyes & Chemicals ·
M/S.Jothi Agencies ·
M/S.Sunmoon Industries |
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Consignment Agents
(C & F Agents): |
·
-
M/S.Dipson Agencies -
M/S.Aryan Sales, ·
Chattisgarh Office: M/S.Shree
Devganga Enterprises E.Mail : Dg_Classic@Yahoo.Com ·
Andhra
Pradesh: -
M/S.Rajashree Enterprises -
Rajiv Gandhi Nagar, L.B.Nagar, ·
M/S.
Kalra Sales Agencies, ·
Uttar
Pradesh: M/S.Shreejee
Corporation, ·
Kerala
Office: M/S.Sree
Lakshmi Chemicals, |
DIRECTORS
|
Name : |
Mr. A Grahadurai |
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Designation : |
Director |
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Address : |
82-1, |
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Date of Birth/Age : |
17.07.1966 |
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Date of Appointment : |
21.09.2006 |
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Directorship in other companies: |
CIN of the company: U01132TN1938PTC001200 Name of the company: Kottagudi Plantations Private limited Designation: Director CIN of the company: U24292TN1993PTC024536 Name of the company: Ayyans Sparklers Private limited Designation: Managing Director CIN of the company: U01119TN1992PTC023797 Name of the company: Gravai Farms Private limited Designation: Director CIN of the company: U17111TN1994PTC026544 Name of the company: Vindhya Spinning Mills Private limited Designation: Director CIN of the company: U22121TN1922PLC001880 Name of the company: Nadar Press Limited Designation: Director CIN of the company: U24292TN1985PTC011673 Name of the company: Ayyan Fireworks Factory Private limited Designation: Director CIN of the company: U65993TN1985PTC011684 Name of the company: Anjac Investments Private Limited Designation: Director. |
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Name : |
Mr. Grahadurai Athipathy |
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Designation : |
Director |
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Address : |
109A, Velayutha Rastha, Sivakasi – 626 123, Tamil Nadu |
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Date of Birth/Age : |
08.10.1963 |
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Date of Appointment : |
18.02.2006 |
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Name : |
Mr. Grahadurai Abiruben |
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Designation : |
Director |
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Address : |
82-A, |
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Date of Birth/Age : |
17.07.1966 |
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Date of Appointment : |
18.02.2006 |
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Name : |
Mr. Ayya Nadar Vaira Prakasam |
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Designation : |
Director |
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Address : |
82 B, |
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Date of Birth/Age : |
26.06.1937 |
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Date of Appointment : |
30.01.1963 |
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Name : |
Mr. Yennarkay R. Rajarathnam |
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Designation : |
Director |
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Address : |
Standard Bunglow, 3, |
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Date of Birth/Age : |
09.04.1938 |
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Date of Appointment : |
05.05.1961 |
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Name : |
Mr. Gunasingh Chelladhurai |
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Designation : |
Managing Director |
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Address : |
17-A, |
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Date of Birth/Age : |
24.04.1947 |
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Date of Appointment : |
25.04.1998 |
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Name : |
Mr. G. Bhavani |
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Designation : |
Director |
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Address : |
1, |
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Date of Appointment : |
18.02.2006 |
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Name : |
Mr. Sankaralingam Annamalai |
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Designation : |
Director |
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Address : |
239/2, |
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Date of Birth/Age : |
26.01.1947 |
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Date of Appointment : |
15.10.1994 |
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Name : |
Mr. Yennarkay R. Ravindran |
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Designation : |
Director |
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Name : |
Mr. Arunachalam Tenzing |
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Designation : |
Director |
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Address : |
174-A, |
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Date of Birth/Age : |
03.04.1953 |
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Date of Appointment : |
26.09.1990 |
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Name : |
Mr. Chelladhurai Subhasingh |
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Designation : |
Director |
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Address : |
1/3, |
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Date of Birth/Age : |
05.12.1945 |
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Date of Appointment : |
28.08.2001 |
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Name : |
Mr. Dhanasekarapandian Singaravel |
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Designation : |
Director |
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Address : |
21-A, |
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Date of Birth/Age : |
18.04.1956 |
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Date of Appointment : |
17.06.2000 |
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Name : |
Mr. Yennarkay R Rajarathnam Ravindran |
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Designation : |
Director |
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Address : |
3, |
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Date of Birth/Age : |
28.10.1966 |
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Date of Appointment : |
21.06.1997 |
KEY EXECUTIVES
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Name : |
Mr. Chinnachamy Periandar |
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Designation : |
Secretary |
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Address : |
241, Jawahar Nagar, |
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Date of Birth/Age : |
24.05.1942 |
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Date of Appointment : |
24.05.2000 |
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Name : |
Mr. M. Ramalingam |
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Designation : |
Chairman |
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Address : |
53, |
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Date of Birth/Age : |
28.04.1933 |
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Date of Appointment : |
30.01.1963 |
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Name : |
Mr. C. P. Chinnaswamy |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. A. Grahadurai |
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30375 |
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Mr. G. Bhavani |
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25462 |
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Mr. L. Subhsingh |
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13450 |
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Mr. A. Tenzing |
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12689 |
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Mr. V. Meera |
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26814 |
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Raja Krishnan |
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45580 |
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Thilagavathy Ravindran |
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151210 |
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Guna Singh |
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11198 |
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Vijay Singh |
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25196 |
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Nalco Metal Products Limited |
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2100000 |
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MDC Industries Limited |
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7 |
Equity Share Break – up (Percentage of Total Equity):
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Sr.
No. |
Category |
Percentage |
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1 |
Bodies corporate |
39.14 |
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2 |
Directors or relatives of Directors |
42.08 |
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3 |
Other top fifty |
18.78 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Marketer of Aluminium Powder, Aluminium Paste and Golden Bronze Powder. |
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Products : |
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PRODUCTION STATUS as on 31.03.2005:-
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Particulars |
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Installed Capacity |
Actual Production |
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Pyrotechnic aluminum powder |
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4500 |
2648 |
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Atomized aluminum powder |
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6500 |
4386 |
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Aluminum paste |
|
1800 |
1571 |
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PPP aluminum powder |
|
950 |
410 |
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Gold bronze powder |
|
650 |
412 |
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Other |
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13560 |
1673.750 |
GENERAL INFORMATION
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No. of Employees : |
Around 390 |
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Bankers : |
v Indian Overseas Bank, 135, v Canara Bank v
State Bank of v
Bank of v Tamilnadu Mercantile Bank Limited v
State Bank of v IDBI Limited v ICICI Bank Limited |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
B B Naidu and Company Chartered Accountants |
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Address : |
No. 5, |
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Tel. No.: |
91-44-26411061 / 26411283 |
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Fax No.: |
91-44-26412575 |
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E-Mail : |
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Associates/Subsidiaries : |
· Mepco Investments Limited ·
Pandian Chemicals Limited, · Nalco Metal Products · Standard Fireworks Private Limited · Ayyan Fireworks Factory Private Limited · Rajarathnam Fireworks Industries · Pioneer Press Private Limited · The Hind Matches Limited · Selvarathnam Matches Private Limited ·
Ayyan Fireworks Factory · CIN of the Company: U24292TN1989PLC017848 Name of the company: MDL Industries Limited · CIN of the Company: U28100TN1974PLC006569 Name of the company: Nalco Metal Products |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000 |
Equity shares |
Rs.100/- each |
Rs.250.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2430000 |
Equity shares |
Rs. 100/-
each |
Rs.243.000millions
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
|
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|
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1] Share Capital |
243.000 |
243.000 |
243.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
501.166 |
424.257 |
415.465 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
744.166 |
667.257 |
658.465 |
|
|
LOAN FUNDS |
|
|
|
|
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1] Secured Loans |
191.557 |
222.336 |
128.955 |
|
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2] Unsecured Loans |
65.728 |
92.851 |
45.446 |
|
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TOTAL BORROWING |
257.285 |
315.187 |
174.401 |
|
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
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|
|
|
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TOTAL |
1001.451 |
982.444 |
832.866 |
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APPLICATION OF FUNDS |
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|
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|
|
|
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FIXED ASSETS [Net Block] |
178.044 |
213.820 |
113.805 |
|
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Capital work-in-progress |
9.011 |
0.324 |
0.000 |
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|
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INVESTMENT |
33.212 |
35.194 |
30.282 |
|
|
DEFERREX TAX ASSETS |
10.173 |
4.768 |
3.625 |
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
503.252
|
394.353 |
250.282 |
|
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Sundry Debtors |
104.224
|
79.324 |
97.845 |
|
|
Cash & Bank Balances |
183.220
|
310.562 |
318.070 |
|
|
Other Current Assets |
5.595
|
10.384 |
26.284 |
|
|
Loans & Advances |
131.653
|
116.810 |
103.085 |
|
Total
Current Assets |
927.944
|
911.433 |
795.566 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
91.033
|
135.363 |
64.665 |
|
|
Provisions |
65.900
|
47.732 |
45.747 |
|
Total
Current Liabilities |
156.933
|
183.095 |
110.412 |
|
|
Net Current Assets |
771.011
|
728.338 |
685.154 |
|
|
|
|
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|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
1001.451 |
982.444 |
832.866 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
Sales Turnover |
1110.460 |
920.517 |
896.557 |
|
|
Other Income |
72.629 |
72.112 |
81.308 |
|
|
Total Income |
1183.089 |
992.629 |
977.865 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
102.510 |
73.463 |
122.321 |
|
|
Provision for Taxation |
53.731 |
23.457 |
41.521 |
|
|
Profit/(Loss) After Tax |
48.779 |
50.006 |
80.800 |
|
|
|
|
|
|
|
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Imports Value |
0.000 |
101.665 |
461.064 |
|
|
|
|
|
|
|
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Exports Value |
0.000 |
229.113 |
175.142 |
|
|
|
|
|
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Expenditures : |
|
|
|
|
|
|
Raw Material Consumed |
604.884 |
475.935 |
453.440 |
|
|
Staff |
0.000 |
60.360 |
54.602 |
|
|
Remuneration to managing director |
0.000 |
2.213 |
1.422 |
|
|
Manufacturing selling and administration |
0.000 |
261.545 |
252.924 |
|
|
Interest and Bank Charges |
0.000 |
11.670 |
11.571 |
|
|
Consumption of stores and spares parts |
74.431 |
0.000 |
0.000 |
|
|
Increase/(Decrease) in Finished Goods |
[21.006] |
0.000 |
0.000 |
|
|
Salaries, Wages, Bonus, etc. |
61.421 |
0.000 |
0.000 |
|
|
Managerial Remuneration |
2.465 |
0.000 |
0.000 |
|
|
Payment to Auditors |
0.159 |
0.000 |
0.000 |
|
|
Interest |
17.184 |
0.000 |
0.000 |
|
|
Insurance Expenses |
6.319 |
0.000 |
0.000 |
|
|
Power & Fuel |
48.866 |
0.000 |
0.000 |
|
|
Depreciation & Amortization |
104.012 |
0.000 |
0.000 |
|
|
Other Expenditure |
181.844 |
107.443 |
81.585 |
|
Total Expenditure |
1080.579 |
919.166 |
855.544 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
4.12
|
5.03
|
12.51 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.23
|
7.40
|
8.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.19
|
6.53
|
13.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.11
|
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.55
|
0.75
|
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.91
|
4.98
|
7.20 |
LOCAL AGENCY FURTHER INFORMATION
|
Name of the
company |
The Metal Powder Company Limited Address: 113, |
|
Presented
By |
Sri C P
Chinnachamy, Secretary |
|
1) Date and
description of instrument creating the change |
Hypothecation agreement form F 110E dated 15.05.2002 for
Rs. 170.000 Millions |
|
2) Amount secured
by the charge/amount owing on the securities of charge |
Rs.170.000
millions. |
|
3) Short particular
of the property charged. If the property acquired is subject to charge, date
of the acquired of the property should be given |
Raw material, Work in Process, Finished Goods and
consumable spares and stores such as Aluminum Powder, various metal ingots
and charges on present and future Block assets of the company. |
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
Raw material, Work in Process,
Finished Goods and consumable spares and stores such as Aluminum Powder,
various metal ingots and charges on present and future Block assets of the
company. |
|
5) Name and
Address and description of the person entitled to the charge. |
Indian Overseas Bank, 135, |
|
6) Date and brief description of instrument
modifying the charge |
Letter of
Confirmation Form F 379 C dated 18.06.2005 for Rs. 200.000 millions. |
|
7) Particulars of
modifications specifying the terms and conditions or the extent of operations
of the charge in which modification is made and the details of the
modification. |
Charge amount of Rs. 170.000 millions created through
Indian Overseas Bank, Madurai Letter of Hypothecation Form F 110 E dated
15.05.2002 was increased to Rs. 200 millions by Indian, Overseas Bank,
Madurai Letter of Hypothecation Form F 110E dated 17.06.2005, which was now
secured by Letter of Confirmation dated 18.06.2005 for Rs. 200.000 millions. |
|
Name of the company |
METAL POWDER COMPANY LIMITED |
|
Presented
By |
Mr. C, Subhasingh, Company Secretary |
|
1) Date and description of instrument creating the change |
Hypothecation agreement form F 110E dated 15.05.2002 for Rs. 170.000 Millions |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 170.000 Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Raw material, Work in Process, Finished Goods and consumable spares and stores such as Aluminum Powder, various metal ingots and charges on present and future Block assets of the company. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Raw material, Work in Process, Finished Goods and consumable spares and stores such as Aluminum Powder, various metal ingots were hypothecated as security to Indian Overseas Bank, Madurai Main and charges on present and future Block assets of the company. |
|
5) Name and Address and description of the person entitled to the charge. |
Indian Overseas Bank, 135, |
|
6) Date and brief description of instrument modifying the charge |
Indian Indian Overseas Bank, Madurai Main Letter of Hypothecation Form F 110 E dated 17.06.2005 for Rs. 200 millions |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Charge amount of Rs. 170.000 millions created through Indian Overseas Bank, Madurai Letter of Hypothecation Form F 110 E dated 15.05.2002 was increased to Rs. 200 millions by Indian, Overseas Bank, Madurai Letter of Hypothecation Form F 110E dated 17.06.2005. |
|
|
|
|
Name of the company |
METAL POWDER COMPANY LIMITED |
|
Presented
By |
Mr. C, Subhasingh, Company Secretary |
|
1) Date and description of instrument creating the change |
Hypothecation agreement form F 110E dated 15.05.2002 for Rs. 170.000 Millions |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 170.000 Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Raw material, Work in Process, Finished Goods and consumable spares and stores such as Aluminum Powder, various metal ingots and charges on present and future Block assets of the company. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Raw material, Work in Process, Finished Goods and consumable spares and stores such as Aluminum Powder, various metal ingots were hypothecated as security to Indian Overseas Bank, Madurai Main and charges on present and future Block assets of the company. |
|
5) Name and Address and description of the person entitled to the charge. |
Indian Overseas Bank, 135, |
|
6) Date and brief description of instrument modifying the charge |
Letter of Confirmation Form F 379 C dated 18.06.2005 / for Rs. 200 millions |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Earlier Charge amount of Rs. 170 millions created through Indian Overseas Bank, Madural Letter of Hypothecation Form F 110 E dated 15.05.2002 was increased to Rs. 200 Millions by Indian Overseas Bank, Madural Letter of Hypothecation Form F 110 E dated 17.06.2005 which was now secured by Letter of Confirmation dated 18.06.2005 for Rs. 200.000 millions |
Fixed
Assets
v Land
v Building
v Plant and Machinery
v Vehicles
v
Furniture and Fittings
OTHER INFORMATION:
Subject has a strong presence in many
countries across the world
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Profile
Incorporated in 1961, it has come a long way in the field of
manufacturing Non-ferrous Metal Powders. With West German collaboration, the
first line of products it started with were Pyrotechnic Aluminium Powder and
Atomized Aluminium Powder, and gradually expanded its product range to several
grades of metal powders with different specifications to customers'
requirements. The Annual Production now stands at more than 20,000 Metric Tons
and exports exceed 20% of the total turnover.
Its quality
system has been certified by M/s. Det Norske Veritas (DNV),
Naturally, it has won National Awards for Import Substitution and Process
Development especially in respect of Explosive Grade Aluminium Powder, Gold
Bronze Powder, Red Phosphorus and Magnesium Powder, and several Export Merit
Awards quality wise.
Subject import raw materials and exports metal powder.
Subsidiary Companies
The balance Sheets and Profit and Loss Accounts together with the Directors Reports of t he two subsidiary companies, viz, Nalco Metal Products Limited and MDL Industries Limited are annexed to the Accounts of the Company. Particulars required pursuant to sanction 212 of the companies Act, 1956 are also annexed to the Accounts.
Awards
|
1974 |
|
|
1975 |
Import Substitution Award for Aluminium Powder |
|
1976 |
Recognition of R&D Laboratory by Ministry of Science and
Technology, Govt of |
|
1976 |
State Safety Award |
|
1977 |
Invention Award for Gold Bronze Powder |
|
1977-78 |
Capexil’s Export Merit Award |
|
1978-79 |
Capexil’s Export Merit Award |
|
1979-80 |
Capexil’s Export Merit Award |
|
1982 |
Invention Award for Red Phosphorus |
|
1987-88 |
Invention Award for Magnesium Powder |
|
1987-88 |
Capexil’s Export Merit Award |
|
1990-91 |
Capexil’s Export Merit Award |
|
1991 |
State Govt. Award (By the Director of Industries & Commerce, TamilNadu) |
|
1995-96 |
Capexil's Export Merit Award |
|
1996 |
State Safety Award |
|
1996-97 |
Capexil's Export Merit Award |
|
1997 |
State Safety Award |
|
1997 |
ISO 9002 Certificate |
|
1997-98 |
Capexil's Export Merit Award |
|
1998 |
State Safety Award |
|
1998-99 |
Capexil's Export Merit Award |
|
1999-2000 |
Capexil's Export Merit Award |
|
2000-2001 |
Capexil's Export Merit Award |
|
2001-2002 |
Capexil's Export Merit Award |
|
2002 |
Export House Recognition |
|
2002-2003 |
Capexil's Export Merit Award |
|
2003-2004 |
Capexil's Export Merit Award |
|
2004 |
ISO 9001:2000 Certificate |
ISO 9001 Certificate
Their uncompromising and sustained
maintenance of quality has won us the ISO 9001: 2000 Quality Management System
Standard Certificate.
Products
Search
They manufacture a varied range of metal powders and pastes with individual variations. This search has been designed for the convenience to view the technical and other details of the product of the choice, instantly. Please click on the icon given below each Trade Mark to view its Material Safety Data Sheet.
If the product you are looking for is not in the list, then please suggest it
to us through the 'Suggest a Product' option, they will try to cater to the
demands.
Research and
Development
R and D lab has been recognised by
the Department of Science & Technology, Government of India, and it's
activities have won us National Awards for Import Substitution and Process
Development, especially in respect of Explosive Grade Aluminium Powder, Gold
Bronze Powder, Red Phosphorus and Magnesium Powder. It also bears the credence
of developing, through its own research and development, important product
lines such as Aluminium Paste, Explosives Grade Aluminium Powder, Gold Bronze
Powder, Red Phosphorus Copper & Copper Alloy Powder, Silver & Silver
Alloy Powder, Tin & Tin Alloy Powders, Magnesium Powder, Magnalium Powder,
Cobalt Powder, Titanium Powder, Tungsten Powder, Zinc Dust, Zinc Alloy Powder,
Zinc Oxide, etc.
WEBSITE DETAILS:
Subject has commenced it's operation in 1961, is one of the
leading manufacturers of Non - Ferrous Metal Powders and pastes
globally.
Wide range of products for different applications and continuously
developing new products meeting any global standards.
Four manufacturing plants in
The combined capacity exceeds 50000 MT/ Year.
Sales depots in
ISO 9001 certified company and a global player. All its products are
exported to more than 40 countries.
Won several National Awards for export merit and import substitution and
process development for Aluminium powder, Gold Bronze powder, Red Phosphorus
powder and Magnesium powder.
On the threshold of introducing Speciality products for plastics, powder
coatings and automotive coating along with Silica encapsulated and resin coated
Pigments.
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 records 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 records 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.39.33 |
|
|
1 |
Rs.79.74 |
|
Euro |
1 |
Rs.55.74 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
TOTAL |
|
72 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|