MIRA
INFORM REPORT
|
Report Date : |
23.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
MASK POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sr. No.189, Jyotiba Nagar, Jyotiba Mangal Karyala, Talwade, Pune –
412114, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
30.03.1999 |
|
|
|
|
Com. Reg. No.: |
25-111940 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920MH1999PTC111940 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEM01989B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Exporter of Rubber and
Teflon Products. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200952 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Rajesh Maske |
|
Designation : |
Director |
|
Contact No. |
91-9922942013 |
|
Date : |
15.10.2010 |
LOCATIONS
|
Registered Office/ Factory : |
Sr. No.189, Jyotiba Nagar, Jyotiba Mangal Karyala, Talwade, Pune –
412114, Maharashtra, India |
|
Tel. No.: |
91-20-27691628/ 27692525/ 27691710/
30424295 |
|
Mobile No.: |
91-9922942013 (Mr. Rajesh Maske) |
|
Fax No.: |
91-20-27691710/ 27691628 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq. ft. |
|
Location |
Owned |
DIRECTORS
AS ON 31.03.2010
|
Name : |
Mr. Rajesh Rajaram Mhaske |
|
Designation : |
Director |
|
Address : |
Shantanu Plot No.129, Sector No.25, Pradhikaran Nigdi, Pune – 411 044,
|
|
Date of Birth/Age : |
30.01.1968 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
18.11.1997 |
|
|
|
|
Name : |
Mr. Rajaram Yadavrao Mhaske |
|
Designation : |
Director |
|
Address : |
Shantanu Plot No.129, Sector No.25, Pradhikaran Nigdi, Pune – 411 044,
|
|
Date of Birth/Age : |
12.04.1973 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
18.11.1997 |
|
|
|
|
Name : |
Mrs. Rajeshri R. Mhaske |
|
Designation : |
Director |
|
Address : |
Sector No.25, Plot No.129, Pradhikaran Nigdi, Pune – 411044, |
|
Date of Birth/Age : |
13.01.1968 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2009
|
Names of Shareholders |
|
No. of Shares |
|
Rajesh Rajaram Mhaske |
|
10000 |
|
Rajashree Mhaske |
|
59800 |
|
Rajaram Yadavrao Mhaske |
|
10500 |
|
Shubhada S. Mhaske |
|
14700 |
|
Total |
|
95000 |
AS ON 25.09.2010
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporter of Rubber and
Teflon Products. |
|
|
|
|
Products : |
· Teflon (PTFE) Products · Rubber Moulded Products · Du (Teflon Coated) Bearings · Rubber Products · Teflon Products · PTFE Sheets · Teflon Sheets ·
Teflon Tap etc. |
|
|
|
|
Exports : |
|
|
Products : |
Rubber and Teflon Products |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
No. of Employees : |
200 (in office 50 + In factory 150) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
State Bank of |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vijay Saykar and Company Chartered Accountants |
|
Address : |
Office No.303, Third Floor, P.J. Chambers, Opposite Mahindra Water
Tank, Pimpri, Pune – 411 018, |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
95000 |
Equity Shares |
Rs.10/- each |
Rs.0.950
million |
|
|
|
|
|
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 |
|
|
|
|
|
1] Share Capital |
0.950 |
0.950 |
0.950 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
49.288 |
36.113 |
30.277 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
50.238 |
37.063 |
31.227 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
20.896 |
32.057 |
33.473 |
|
|
2] Unsecured Loans |
0.000 |
0.500 |
0.000 |
|
|
TOTAL BORROWING |
20.896 |
32.557 |
33.473 |
|
|
DEFERRED TAX LIABILITIES |
0.896 |
0.716 |
0.679 |
|
|
|
|
|
|
|
|
TOTAL |
72.030 |
70.336 |
65.379 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
47.870 |
42.927 |
39.864 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.284 |
0.084 |
0.084 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
10.500
|
7.214
|
|
|
Sundry Debtors |
63.775
|
32.721
|
32.266
|
|
|
Cash & Bank Balances |
|
0.352
|
0.885
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
11.335
|
7.822
|
11.463
|
|
Total
Current Assets |
75.110
|
51.395
|
51.828 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
18.072 |
|
|
Other Current Liabilities |
51.234
|
|
2.589 |
|
|
Provisions |
|
5.560
|
5.736 |
|
Total
Current Liabilities |
51.234
|
24.070
|
26.397
|
|
|
Net Current Assets |
23.876
|
27.325
|
25.431
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.00 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
72.030 |
70.336 |
65.379 |
|
Expected Sales (2010-2011) : Rs.400.000 Millions
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
247.598 |
174.054 |
162.483 |
|
|
|
Other Income |
0.147 |
1.654 |
1.672 |
|
|
|
TOTAL (A) |
247.745 |
175.708 |
164.155 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ (Decrease) in Inventory |
(0.475) |
(0.131) |
(0.411) |
|
|
|
Consumption of Materials |
128.735 |
88.460 |
77.900 |
|
|
|
Manufacturing expenses |
75.667 |
58.042 |
53.877 |
|
|
|
Selling and Distribution Expenses |
2.091 |
1.568 |
1.291 |
|
|
|
Office and administrative Expenses |
10.532 |
8.426 |
6.442 |
|
|
|
Director remuneration |
4.800 |
3.900 |
3.000 |
|
|
|
TOTAL (B) |
221.350 |
160.265 |
142.099 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
26.395 |
15.443 |
22.056 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.472 |
6.530 |
5.074 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
19.923 |
8.913 |
16.982 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.748 |
3.077 |
5.826 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
13.175 |
5.836 |
11.156 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
27.113 |
23.277 |
14.121 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.000 |
2.000 |
2.000 |
|
|
|
Dividend |
0.000 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED TO
THE B/S |
30.288 |
27.113 |
23.277 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
138.68 |
61.43 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.32
|
3.32
|
6.80
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.05
|
5.12
|
10.45
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.20
|
9.45
|
18.50
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.24
|
0.54
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.43
|
1.53
|
1.92
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47
|
2.14
|
1.96
|
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCE
· Bajaj Auto Limited
· Varroe India Limited
FORM 8:
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80026588 |
|
Corporate
identity number of the company |
U28920MH1999PTC111940 |
|
Name of the
company |
MASK POLYMERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Sr. No.189, Jyotiba Nagar, Jyotiba Mangal Karyala, Talwade, Pune – 412
114, |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
State Bank of Industrial Finance Branch, E-Mail: sanjiv.parkhedkar@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum for recording
extension of mortgage by Deposit of Title Deeds covering enhanced limits and
/or creation of Equitable Mortgage on additional properties for existing
limits and enhanced limits and additional facilities executed for the
additional security to cover the credit facilities extended by the Bank to
the Borrower Company |
|
Date of
instrument Creating the charge |
21.07.2010 |
|
Amount secured by
the charge |
Rs.35.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
The Rate of
interest as per Sanction Letter issued and accepted by the borrower company
through its Directors. Terms of
Repayment: The repayment and
related conditions as per Sanction Letter issued and accepted by the borrower
company through its Directors. Margin: The margin and
related conditions as per Sanction Letter issued and accepted by the borrower
company through its Directors. Extent and
Operation of the charge: SBI IFB
Pimpri-Pune, will have the first and exclusive charge against all the fixed
assets present and future and all that piece and parcel of property bearing
flat no3 on first floor adm.840 sq. ft located at Evershine CHS on S.No.154/4
being and lying at village Akurdi Tal and Sub registration Distt Haveli Regi.
Distt Pune.and all that piece of property bearing S.No.125/1 and 125/2 at
Village Vadgaon Tal and Sub Regist. Distt Maval Regi. Distt Pune as
geographicated in the Memorandum of Title Deeds. Others: The Company, by
virtue of the Board Resolution passed on 13/06/2010,has given assent to all
the Terms and Conditions, Covenants, as provided in the Bank's Sanction
Letter Dated 16/01/2010, have executed the related loan document(s)/ Agreement(s)
through the Director(s),who have received
and singed the documents in physical form and who have been authorized
to file eform-8 for modifications in
the existing limits and in nature of the charge on agreed terms. |
|
Short particulars
of the property charged |
All the piece and
parcel of Property bearing Flat No.3 on first floor in Evershine CHSC
constructed on S.No.154/2 at Village Akurdi Tal and Sub registration Distt.
Haveli Distt and Reg. Distt Pune. All the piece and
parcel of Property bearing S.No.125/1 admeasuring 1Hect.02.2R and S.No.125/2
admeasuring 1Hect.04.2R lying at Village Vadgaon Tal and Sub Registration
Maval Distt and Reg. Distt Pune. All the above
properties and denoted and geographicated in the Memorandum of Title Deeds.
Where First Property belongs to Shri
Rajesh R. Maske and Sushri Rajashree R. Maske All the above
properties and denoted and geographicated in the Memorandum of Title Deeds.
Where Second Property belongs to Sushri Rajashree R. Maske and Shri Krishnarao
Dhondiba Bhegade. |
|
Particulars of
the present modification |
By this present
modification, the company has extended the additional security by way of deposited the Title Deeds to cover the
credit facilities extended by the Bank to the tune of Rs.35.500 Millions |
|
Name of the
company |
MASK POLYMERS PRIVATE LIMITED |
|
Presented By |
Mr. Mhaske Rajesh
Rajaram |
|
1) Date and description of instrument creating the change |
Hypothecation of
Machinery dated 31.03.2005.Single Charge. |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Term Loan
Rs.1.310 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 |
Hypothecation of
Machinery to be purchased |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Amount Rs.1.310
millions Margin : 25% Repayment : 60
installments of Rs.0.022 million |
|
5) Name and Address and description of the person entitled to the charge. |
Bank of Pimpri Branch,
Pimpri, Pune – 411018, |
|
6) Date and brief description of instrument modifying the charge |
Extension of
Equitable Mortgage originally created on 7/2/03 and Oral Assent for extension
dated 07.07.2005 |
|
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. |
Extension of
Equitable Mortgage originally created on 7/2/03 and Oral Assent for extension
dated 07.07.2005 for new machinery loan amounting to Rs.1.310 million for the
following: 1) Residential Flat No.3, D Building,
Suryodaya Complex, Kalbhor Nagar, Chinchwad, Pune. 2) Leasehold plot of land and building at
105/106 Indrayani Industrial Estate, Takwe 3) Agri Plot at Sr. No. 125/ 1 and 125/ 2
Vadgaon Maval, Pune Flat |
|
Corporate
identity number of the company |
U28920MH1999PTC111940 |
|
Name of the
company |
MASK POLYMERS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Sr No 189
Jyotibanagarnear Jyotiba Mangal Karyala, Talawade, Pune – 412114, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
State Bank of |
|
Nature of
instrument creating charge |
Memorandum for recording
extension of mortgage by Deposit of Title Deeds covering enhanced limits and
/or creation of Equitable Mortgage on additional properties for existing
limits and enhanced limits and additional facilities executed for the
additional security to cover the credit facilities extended by the Bank to
the Borrower Company. |
|
Date of
instrument Creating the charge |
21/07/2010 |
|
Amount secured by
the charge |
Rs.35.500
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest The Rate of
interest as per Sanction Letter issued and accepted by the borrower company
through its Directors. Terms of
Repayment The repayment and
related conditions as per Sanction Letter issued and accepted by the borrower
company through its Directors. Margin The margin and
related conditions as per Sanction Letter issued and accepted by the borrower
company through its Directors. Extent and
Operation of the charge SBI IFB
Pimpri-Pune, will have the first and exclusive charge against all the fixed
assets present and future and all that piece and parcel of property bearing
flat no3 on first floor adm.840 sq. ft located at Evershine CHS on S.No.154/4
being and lying at village Akurdi Tal and Sub registration Distt Haveli Regi.
Distt Pune.and all that piece of property bearing S.No.125/1 and 125/2 at
Village Vadgaon Tal & Sub Regist.Distt Maval Regi.Distt Pune as
geographicated in the Memorandum of Title Deeds. Others The Company, by
virtue of the Board Resolution passed on 13/06/2010,has given assent to all
the Terms and Conditions, Covenants, as provided in the Bank's Sanction
Letter Dated 16/01/2010, have executed the related loan document(s)/
Agreement(s) through the Director(s),who have received and singed the documents in physical form
and who have been authorized to file
eform-8 for modifications in the existing limits and in nature of the
charge on agreed terms. |
|
Short particulars
of the property charged |
All the piece and
parcel of Property bearing flat No.3 on first floor in Evershine CHSC
constructed on S.No.154/2 at Village Akurdi Tal and Sub registration Distt.
Haveli Distt and Reg.Distt Pune. All the piece and parcel of Property bearing
S.No.125/1 ad,easiromg 1Hect.02.2R and S.No.125/2 admeasuring 1Hect.04.2R
lying at Village Vadgaon Tal and Sub registrtion Maval Distt and Reg.Distt
Pune. All the above properties and denoted and geographicated in the
Memorandum of Title Deeds.Where First
Property belongs to Shri Rajesh R.Maske and Sushri Rajashree R.Maske All the
above properties and denoted and geographicated in the Memorandum of Title
Deeds. Where Second Property belongs
to Sushri Rajashree R.Maske and Shri Krishnarao Dhondiba Bhegade. |
|
Date of
instrument modifying the charge |
18/06/2010 |
|
Particulars of
the present modification |
By this present modification, the company
has extended the additional security by way of deposited the Title Deeds to cover the credit
facilities extended by the Bank to the tune of Rs. 355.000 Millions |
FIXED ASSETS:
·
Land
·
·
·
·
Plant and Machinery
·
Cycle
·
Furniture and Fixtures
·
Dies and Tools
·
Office Equipments
·
Air Conditioner
·
Inspection Equipment
·
Weighing Machine
·
Computer
·
Software
·
Motor Car
·
Cooling Tower
·
Electrical Installation
·
Office
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.45.20 |
|
|
1 |
Rs.73.70 |
|
Euro |
1 |
Rs.61.41 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.