MIRA
INFORM REPORT
|
Report Date : |
06.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
RSPL LIMITED (w.e.f. October,
2011) |
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Formerly Known
As : |
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Registered
Office : |
109/366, R. K. Nagar, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
22.06.1988 |
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Com. Reg. No.: |
20-009771 |
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Paid-up Capital
: |
Rs. 440.325 Millions |
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CIN No.: [Company Identification
No.] |
U15111UP1988PTC009771 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
KNPS01923F |
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PAN No.: [Permanent Account No.] |
AADCS7820A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Ghari Detergent Cake and Fodder Powder and washing soaps |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
A (62) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 21000000 |
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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 company having fine track. The company
is doing well. Trade relations are reported as fair. Business is active. Payments
are reported to be correct and as per commitments. 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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office : |
109/366, R. K. Nagar, |
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Tel. No.: |
91-512-2551201/06 |
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Fax No.: |
91-512-2550832/33 |
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E-Mail : |
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Website : |
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Corporate Office 1 : |
3rd Floor, C -1,2, and 3, Netaji Subhash Place, Wazirpur District Center, Pithampura, New
Delhi - 110 034, Delhi, India |
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Tel. No.: |
91-11-27351856/27351856/32917627/32917821/32917830/32917702 |
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Fax No.: |
91-11-27353193 |
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Corporate Office 2 : |
Flat No.-203, Kesarinath Apartment, S.V.Road, Goregaon W Near
Filmistan Studio, Mumbai-400104, |
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Corporate Office 3 : |
Safal Profitaire C-2, 3rd Floor, Corporate Road, Near |
DIRECTORS
As On 30.09.2010
|
Name : |
Mr. Murli Dhar Gyanchandani |
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Designation : |
Chairman and Managing Director |
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Address : |
7/189, Swaroop Nagar, |
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Date of Birth/Age : |
20.11.1946 |
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Date of Appointment : |
27.09.1995 |
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DIN No.: |
00049298 |
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Name : |
Mr. Bimal Kumar Gyanchandani |
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Designation : |
Managing Director |
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Address : |
7/189, Swaroop Nagar, |
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Date of Birth/Age : |
20.07.1960 |
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Date of Appointment : |
11.10.1995 |
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DIN No.: |
00049337 |
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Name : |
Mr. Manoj Kumar Murli Dhar Gyanchandani |
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Designation : |
Director |
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Address : |
7/189, Swaroop Nagar, |
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Date of Birth/Age : |
22.10.1972 |
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Date of Appointment : |
11.03.2008 |
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DIN No.: |
00049387 |
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Name : |
Mr. Rahul Gyanchandani |
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Designation : |
Director |
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Address : |
7/189, Swaroop Nagar, |
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Date of Birth/Age : |
02.09.1979 |
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Date of Appointment : |
01.05.2004 |
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DIN No.: |
00049468 |
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Name : |
Mr. Rohit Gyanchandani |
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Designation : |
Director |
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Address : |
7/189, Swaroop Nagar, |
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Date of Birth/Age : |
10.04.1984 |
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Date of Appointment : |
04.02.2005 |
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DIN No.: |
00049486 |
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Name : |
Mr. Bansilal Gyanchandani |
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Designation : |
Director |
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Address : |
G-544, 127, H.I.G., M.I.G. Plot, |
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Date of Birth/Age : |
01.07.1933 |
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Date of Appointment : |
23.06.2005 |
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DIN No.: |
00071722 |
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Name : |
Mr. Tara Chand Mansinghani |
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Designation : |
Director |
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Address : |
Mallon, Chaubepur, |
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Date of Birth/Age : |
09.07.1956 |
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Date of Appointment : |
23.06.2005 |
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DIN No.: |
00138087 |
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Name : |
Mr. Rajinder Pal Singh |
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Designation : |
Director |
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Address : |
7/105, Swaroop Nagar, |
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Date of Birth/Age : |
19.01.1952 |
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Date of Appointment : |
08.08.2006 |
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DIN No.: |
02135781 |
KEY EXECUTIVES
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Name : |
Mr. Sushil Kumar Bajpal |
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Designation : |
Company Secretary |
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Address : |
5113, Lakhanpur Housing Society, Vikas Nagar, |
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Date of Birth/Age : |
28.07.1968 |
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Date of Appointment : |
01.12.2007 |
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Pan No.: |
AEUPB9460R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Murli Dhar |
|
8640000 |
|
Bimal Kumar |
|
9027000 |
|
Manoj Kumar |
|
4371750 |
|
Rahul Gyanchandani |
|
4371750 |
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Rohit Gyanchandani |
|
5042250 |
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Laxmi Devi |
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10980000 |
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Kamla Devi |
|
1318500 |
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Rajani Gyanchandani |
|
281250 |
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Total |
|
44032500 |
As On 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Ghari Detergent Cake and Fodder Powder and washing soaps |
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Products : |
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PRODUCTION STATUS (As On 31.03.2010)
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Particulars |
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Unit |
Licensed
Capacity |
Installed
Capacity |
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Detergent powder |
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M.T |
440900 |
440900 |
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Detergent cake |
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M.T |
228700 |
228700 |
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Toilet soap |
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M.T |
22500 |
22500 |
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Home care products |
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M.T |
32400 |
32400 |
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Labsa |
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M.T |
24000 |
24000 |
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AOS |
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M.T |
29000 |
29000 |
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Leather shoe |
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Pair |
3640000 |
3640000 |
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Leather |
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Sq.ft |
8400000 |
8400000 |
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Wind power |
|
MW |
15.66 |
15.66 |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
R. Mohla and Company Chartered Accountant |
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Address : |
7/33, 14-Ratanvilla, Tilak Nagar, |
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Tel. No.: |
91-512-3047931/3042759 |
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Pan No.: |
AAHFR8042E |
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Other Related Parties : |
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Subsidiaries : |
CIN: U19116UP2009PTC038499 |
CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
45000000 |
Equity Shares |
Rs. 10/- each |
Rs. 450.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
44032500 |
Equity Shares |
Rs. 10/- each |
Rs. 440.325
Millions |
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Notes:
- 195700 equity shares allotted as fully paid up in terms of scheme of
arrangement effective from 11.03.2008.
- 2739800 equity shares issued as fully paid up bonus shares by capitalization
of general reserves on 25.03.2008.
- 41097000 equity shares issued as fully paid up bonus shares by
capitalisation of capital redemption reserve and profit and loss account.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
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1] Share Capital |
440.325 |
29.355 |
29.355 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
4832.062 |
3722.951 |
2497.011 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
5272.387 |
3752.306 |
2526.366 |
|
|
LOAN FUNDS |
|
|
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1] Secured Loans |
1370.317 |
2814.867 |
2853.543 |
|
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2] Unsecured Loans |
44.281 |
18.771 |
56.415 |
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TOTAL BORROWING |
1414.598 |
2833.638 |
2909.958 |
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DEFERRED TAX LIABILITIES |
197.642 |
207.705 |
125.447 |
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|
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|
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TOTAL |
6884.627 |
6793.649 |
5561.771 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3761.155 |
2839.783 |
2555.363 |
|
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Capital work-in-progress |
528.415 |
733.664 |
240.059 |
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|
|
|
|
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INVESTMENT |
6.698 |
2.650 |
2.693 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
2024.344
|
1779.120 |
1517.200 |
|
|
Sundry Debtors |
281.829
|
868.098 |
509.221 |
|
|
Cash & Bank Balances |
937.475
|
1405.112 |
957.744 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
1000.957
|
1088.032 |
949.666 |
|
Total
Current Assets |
4244.605
|
5140.362 |
3933.831 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
495.969
|
438.986 |
330.008 |
|
|
Other Current Liabilities |
700.467
|
1207.694 |
814.805 |
|
|
Provisions |
459.810
|
276.130 |
25.362 |
|
Total
Current Liabilities |
1656.246
|
1922.810 |
1170.175 |
|
|
Net Current Assets |
2588.359
|
3217.552 |
2763.656 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6884.627 |
6793.649 |
5561.771 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
18003.490 |
14157.690 |
10845.555 |
|
|
|
Other Income |
141.759 |
85.791 |
102.427 |
|
|
|
TOTAL (A) |
18145.249 |
14243.481 |
10947.982 |
|
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
13178.245 |
10184.752 |
8599.313 |
|
|
|
Purchases |
61.124 |
73.492 |
22.306 |
|
|
|
Employees Remuneration and Benefits |
722.518 |
513.699 |
379.133 |
|
|
|
Administrative and Other Expenses |
1560.061 |
1340.077 |
1039.973 |
|
|
|
Increase / Decrease in Stock |
(193.301) |
(186.716) |
(106.572) |
|
|
|
TOTAL (B) |
15328.647 |
11925.304 |
9934.153 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2816.602 |
2318.177 |
1013.829 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
218.859 |
356.515 |
255.549 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2597.743 |
1961.662 |
758.280 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
247.097 |
194.743 |
121.738 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2350.646 |
1766.919 |
636.542 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
569.938 |
438.008 |
145.758 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
1780.708 |
1328.971 |
490.784 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3308.065 |
2282.125 |
1836.341 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
500.000 |
200.000 |
45.000 |
|
|
|
Dividend |
220.162 |
88.065 |
0.000 |
|
|
|
Dividend Tax |
37.417 |
14.966 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
4331.194 |
3308.065 |
2282.125 |
|
|
|
|
|
|
|
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
76.522 |
31.775 |
4.747 |
|
|
TOTAL EARNINGS |
76.522 |
31.775 |
4.747 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2895.404 |
2216.081 |
1526.504 |
|
|
|
Plant and machinery |
19.231 |
44.669 |
18.968 |
|
|
TOTAL IMPORTS |
2914.635 |
2260.750 |
1545.472 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
40.44 |
452.72 |
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
9.81
|
9.33 |
4.48 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.06
|
12.48 |
5.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
29.36
|
22.14 |
9.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.47 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.58
|
1.27 |
1.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.56
|
2.67 |
3.36 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The Registered office of the company has been shifted from 117/H-2/202
Pandu Nagar,
RESULTS OF
OPERATIONS:
During the year 2009-10, the company has made best use of the market
forces and has taken advantage of the business opportunities that has come its
way. The total income of the company increased to Rs. 19542.300 millions as
against previous year turnover of Rs. 16267.800 millions showing growth of 20%
(approximately)
The company’s earning before deprecation and tax has increased to Rs.
2816.600 millions in the financial year ended 31.03.2010 in comparison to Rs.
2318.200 millions in the financial year ended 31.03.2009 showing an impressive
growth of around 21%.
During the year, the company has recorded significant growth of 33.99%
in profit after tax. It stands at Rs. 1780.700 millions during the year 2009-10
as against Rs. 1328.900 millions during the year 2008-09. This significant rise
was due to cheaper raw material, effective cost control measures and lower
interest cost.
Form 8:
|
Corporate identity
number of the company |
U15111UP1988PTC009771 |
||||||
|
Name of the
company |
ROHIT SURFACTANTS
PRIVATE LIMITED |
||||||
|
Address of the
registered office or of the principal place of business in |
109/366, R. K.
Nagar, |
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|
This form is for |
Creation of
charge |
||||||
|
Type of charge |
Movable Property |
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|
Particular of
charge holder |
|
||||||
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Nature of
instrument creating charge |
Unattested Memorandum
Of Hypothecation |
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Date of
instrument Creating the charge |
20.06.2011 |
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Amount secured by
the charge |
Rs. 900.000
Millions |
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|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest -
as per facility advice letter dated 20.06.2011 to be amended from time to
time. Terms of
Repayment - as per facility advice letter dated 20.06.2011 to be amended from
time to time. Margin - as per
facility advice letter dated 20.06.2011 to be amended from time to time. Extent and
Operation of the charge – pari passu charge Others - The
security by way of first pari passu charge over movable fixed assets has been
created in favour of SCB for the purpose of securing of ECB facility to the
extent of USD 20 million (facility
amt.) Granted to company for the purpose of filing form 8, facility amount
eqv. In INR has been calculated at the Rs. 45/- each per US$. |
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|
Particulars of
the property charged |
Hypothecation by way
of pari passu charge with other term lenders over all movable fixed assets of
the company financed out of term loan / ECB including without limitation its
movable plant and machinery, furniture and fittings, equipments, computer
hardware, computer software, machinery spares, tools and accessories and
other movables stored or to be stored at company's godowns or premises
situated anywhere. |
Fixed assets:
- Land
- Building
- Plant and
machinery
- Vehicles
- Furniture and
fixtures
- Wind energy converter
- Trade mark
- Computers
- Tankers
AS PER WEBSITE DETAILS
PROFILE:
In the ever changing
world where changes are made at fast pace. It is important to understand how
these changes affect there lives and lifestyles.
The driving force at subject is to understand profound changes in product
technology and consumer needs to make there brands the way consumer desires
them to be. They believe that the only constant in history of mankind is
evolution and so should it is there endeavor to give superior brand experience
and most superior value for consumer’s money. The undeterred pursuit for
evolution has led the company to progress on the path of value during there
growth.
Subject is 2000 crore
diversified conglomerate, which is committed for value for money propositions
and credited with several innovations over last 3 decades. The sagacity to
weave its business around consumer needs has conferred subject with a distinct
value and identity. Efficient capital structure, cutting edge technology,
operational discipline and a widespread distribution network, have together
attributed to enhance subject and enabled the organization to deliver value to
consumers.
Keeping in line with its expansion programme, The company has been established
detergent manufacturing units in various locations across the
The company is going to set up a new unit in
To make its presence stronger in Southern States, the company is planning to
set up a unit in Karnataka. The company has already acquired. land at Bidar,
Karnataka for the purpose. Keeping in view the expanding market of personal and
home care products in India, the company has set up a unit in Haridwar for the
manufacturing of personal and home care products like Shampoo, Hair oil,
Toothpaste, Moisturiser, Shaving Cream, Liquid Hand Wash, Floor Cleaner, Liquid
Detergent and Toilet Cleaner. Installed capacity of unit will be 123 MT per day
for all the products taken together. The unit has become operational in March
2010.
The Management
Directors on Board
Murli Dhar
Chairman and Managing Director since 35 yrs
Joined the family business of his father Late Dayal Das.
His vision and strong dedication laid the foundation of the ‘RSPL’
group. He has the responsibilities of finalizing Corporate Strategy and
Planning for the growth of the business of the group. Under his leadership the
group has established itself amongst the top manufacturers of detergent
products in a short period of nearly 3 decades. He is guiding the younger
generation to venture into new categories.
Bimal Kumar
Managing Director since 30 yrs
Joined the family business of his father with his elder brother Shri
Murli Dhar.
His responsibilities are to supervise and control management of the
entire group. His contribution to the Human Resource Development in the group
has been enormous and his media and advertisement strategy has proved to be
superb efficient in terms of sales response. His ability to spot trends early
has helped to identify new segments the company should foray.
Manoj Kumar
Director since 16 yrs
Joined the business in 1996 at a very young age.
His contribution to the group was the first business diversification in
the leather industry. After establishing Leather and Footwear venture and
turning the business into Rs. 1000.000 millions, he is on his way to
create new land marks in Dairy business.
Rahul Gyanchandani
Director since 7yrs
He was appointed Director of the company in the year 2004.
His present responsibilities are operations of Soap and Detergent
division of the Company. He is also actively involved in the planning of new
projects. All the expansion plans of soap and detergent division are going
under in his able direction. He has a vision for backward integration. Under
his able guidance, the company has successfully entered into toilet soap
segment by launching toilet soap under the brand name “VENUS” and foraying into
homecare segment.
Rohit Gyanchandani
Director since 5 yrs
He was inducted to the Board of the Company in the year 2005.
He has the responsibility of planning and monitoring advertising and
evolving new strategies for marketing. He is also looking after real estate
business of the group. One of the group company, Nimmi Build Tech Private
Limited is developing residential projects in
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.51.39 |
|
|
1 |
Rs.80.20 |
|
Euro |
1 |
Rs.68.92 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
62 |
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.