MIRA
INFORM REPORT
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Report Date : |
15.01.2011 |
IDENTIFICATION DETAILS
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Name : |
AMEYA DYECHEM PRIVATE LIMITED |
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Registered Office : |
“Ameya Towers”, Plot No.10, Radhakrishna Cross Road, Next to PF
Office, Akota Road, Vadodara – 390020, Gujarat |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
17.04.1996 |
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Com. Reg. No.: |
04-29354 |
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CIN No.: [Company
Identification No.] |
U24231GJ1996PTC029354 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BRDT00262D |
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PAN No.: [Permanent
Account No.] |
AABCA5865B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader and Dealer and Importer of Industrial Special Chemicals. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 122000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. 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) |
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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 |
INFORMATION DENIED BY
Management Non Co-operative
LOCATIONS
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Registered/
Head Office : |
“Ameya Towers”, Plot No.10, Radhakrishna Cross Road, Next to PF
Office, Akota Road, Vadodara – 390 020, Gujarat, India |
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Tel. No.: |
91-265-2336141/
42/ 43 |
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Mobile No.: |
91-9998222111 (Mr. Bharat Bafna) |
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Fax No.: |
91-265-2331494 |
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E-Mail : |
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Website: |
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Area : |
5000 sq.ft
(Owned) |
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Corporate Office : |
No. # 3, Shanthi Nagar, |
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Mobile No.: |
91-9380017397 (Mr. Gopinath) |
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Warehouse 1 : |
Jai Matadi Compound, Gala No. Q-52/ Q-53, Opposite To Rajlaxmi
Compound, Kalaher Bhiwandi-421038, |
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Tel. No.: |
91-2522-277150/ 645067 |
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Fax No.: |
91-9820382039 (Mr. Avinash) |
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Warehouse 2 / Branch Office : |
# 8, 4th ‘E’ Cross, Maruthi Nagar, Kamakshipalya, Magadi,
Main Road, Bangalore-560079, |
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Mobile No.: |
91-9342692985 (Mr. Kiran Kumar) |
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Warehouse 3 : |
C-41, Second Floor, Okhla Industrial Area, Phase –II, |
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Warehouse 4 : |
14/A, Sector “G” Near Bhawani
Nagar, |
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Tel. No.: |
91-755-3205015/ 4077141 |
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Mobile No.: |
91-9300660909 (Mr. Vijay Band) |
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F-90/34, Phase
-1, Okhla Industrial Area, |
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Tel. No.: |
91-11-51615488 /
33446110 / 32536884 |
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Fax No.: |
91-11-51615488 |
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E-Mail : |
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Website: |
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Mumbai Branch
Office : |
Shop Number 1,
New |
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Tel. No.: |
91-22-39404034 |
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Fax No.: |
91-22-39404034 |
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Telefax : |
91-22-28702878 |
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E-Mail : |
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Website: |
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Opposite New |
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Mobile No.: |
91-9824090241 |
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14 A, |
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Mobile No.: |
91-9329630044 |
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Tel No.: |
91-755-3205015 |
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Fax No.: |
91-755-4077141 |
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Website: |
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E-Mail : |
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MCF-2580, Sector
23, Sanjay Colony, |
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E-Mail: |
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Website: |
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Thane Branch Office : |
Gala No.1 / 2, Ansuya Vaitee Complex, Opp to Hotel Ramdev,Village Kalher. Taluka-Bhiwandi, Dist.Thane –
421302, |
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Tel No.: |
91-2522-645067 |
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Fax No.: |
91-2522- 277150 |
DIRECTORS
As on 23.09.2010
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Name : |
Mr. Gautam
Hirachand Bafna |
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Designation : |
Director |
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Address : |
7, Maitri Mandir
Co-Operative Housing Society, |
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Date of Birth/Age : |
04.06.1964 |
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Qualification : |
Graduate |
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Experience: |
20 Years |
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Date of Appointment : |
17.04.1996 |
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Name : |
Mrs. Madhudevi
Gautam Bafna |
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Designation : |
Director |
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Address : |
7, Maitri Mandir Co-Operative
Housing Society, |
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Date of Birth/Age : |
21.08.1967 |
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Qualification: |
Graduate |
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Date of Appointment : |
17.04.1996 |
KEY EXECUTIVES
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Name : |
Mr. Tushar |
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Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Gautam Hirachand
Bafna |
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510600 |
|
Madhu Gautam
Bafna |
|
282400 |
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Chandanmal M.
Bafna (HUF) |
|
200 |
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Gautam Bafna
Family Trust Capital ( |
|
200 |
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Gautam Bafna
(HUF) |
|
200 |
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Gulab V. Patel |
|
200 |
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Gunwati R
Jariwala |
|
200 |
|
Hasmukh D. Patel
(HUF) |
|
200 |
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Hirachand Bafna
(HUF) |
|
200 |
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Hirachand M Bafna |
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200 |
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Indra S. Moondra |
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200 |
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Kamal M Dhoot |
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200 |
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Kamal M Dhoot
(HUF) |
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200 |
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Kamal M Somani |
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200 |
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Kamal M Somani
(HUF) |
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200 |
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Kokila H Patel |
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200 |
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Lalita P. Mehta |
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200 |
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Laxmi M Phophalia |
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200 |
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Madanlal P.
Phophalia (HUF) |
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200 |
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Madanlal P.
Phophalia |
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200 |
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Mosambidevi |
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200 |
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National Granite
( |
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200 |
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Nawal M. Somani |
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200 |
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Nirmal M Jain |
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200 |
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Pratik K Somani |
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200 |
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Pukhraj M.
Phophalia (HUF) |
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200 |
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Radha K Somani |
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200 |
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Ramavtar G.
Lakhpati (HUF) |
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200 |
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Ramavtar G.
Lakhpati |
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200 |
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200 |
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Sandeep K. Dhoot |
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200 |
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Santosh Bafna |
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200200 |
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Sarita R.
Lakhpati |
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200 |
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Shakuntla J. Modi
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200 |
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Surajmal M.
Phophalia HUF |
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200 |
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Ugamdevi Bafna |
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200 |
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Umesh B. Vashi |
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200 |
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Total : |
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1000000 |
As on 23.09.2010
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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99.00 |
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Other
top fifty shareholders |
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1.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader and Dealer
and Importer of Industrial Special Chemicals. |
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Products : |
· Silicones · Offset Printing Industry · Label Printing Industry · Web Offset Printing Industry · Coding and Labeling Solutions · Printing Plates · Information Technology · Biotechnology · Water
Proofing · Water
Treatment |
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Terms : |
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Selling : |
Credit ( 30 Days) |
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Purchasing : |
Credit ( 60 Days |
GENERAL INFORMATION
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Suppliers : |
· Colourbond Marketing Limited · FCL Technologies and Product Limited · Four-P International Private Limited · GE Bayer
Silicones ( · GE Betz · Mohan Mutha Exports Limited · Akzo
Nobal Coatings · Silica House Private Limited · Sicpa · Virgo Engineers Limited |
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Customers : |
· Advance Technology Engineering Private Limited · Air · Amol Dicalite Limited · Anand Children Wear Private Limited · Arvind Dyechem Private Limited · Arvind International Limited · Banco Products (Bhaili) · Cadila Pharmaceuticals Limited · C. G. PPPI. Adhesive Product Limited · Chemi Plast · Coromandel Paints and Chemicals Limited · Flexell Computers Forms (Private) Limited (DR) · · · Ion
Exchange ( · Jagdamba Dyeing Mills · Lakhani Shoe Company Private Limited · Larson and Toubro Limited Wholesalers, OEM’s and End Users |
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No. of Employees : |
140 (Office 100,
Branch 40) (Approximately) |
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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 : |
K. H. Bhatt and
Company Chartered
Accountants |
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Address : |
S/8, |
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Tel No.: |
91-265-2352553/
2351736 |
CAPITAL STRUCTURE
As on 23.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
10.000 |
4.000 |
4.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
20.407 |
18.385 |
14.334 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
30.407 |
22.385 |
18.334 |
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LOAN FUNDS |
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1] Secured Loans |
98.687 |
76.820 |
69.735 |
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2] Unsecured Loans |
58.365 |
65.245 |
58.481 |
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TOTAL BORROWING |
157.052 |
142.065 |
128.216 |
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DEFERRED TAX LIABILITIES |
0.871 |
0.659 |
0.193 |
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TOTAL |
188.330 |
165.109 |
146.743 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
37.419 |
23.154 |
23.752 |
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Capital work-in-progress |
0.000 |
3.940 |
0.181 |
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INVESTMENT |
0.015 |
0.015 |
1.585 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
74.489
|
89.024
|
79.693
|
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Sundry Debtors |
152.586
|
131.276
|
129.021
|
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Cash & Bank Balances |
1.661
|
2.346
|
0.303
|
|
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Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
11.189
|
10.176
|
7.481
|
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Total
Current Assets |
239.925
|
232.822
|
216.498
|
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
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Sundry Creditors |
80.975
|
85.846
|
81.177
|
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Other Current Liabilities |
4.115
|
6.526
|
10.808
|
|
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Provisions |
4.047
|
2.571
|
3.288
|
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Total
Current Liabilities |
89.137
|
94.943
|
95.273
|
|
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Net Current Assets |
150.788
|
137.879
|
121.225
|
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MISCELLANEOUS EXPENSES |
0.108 |
0.121 |
0.000 |
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|
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|
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TOTAL |
188.330 |
165.109 |
146.743 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
|
|
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Income |
476.131 |
412.983 |
341.254 |
|
|
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Other Income |
9.610 |
10.167 |
6.569 |
|
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TOTAL (A) |
485.741 |
423.150 |
347.823 |
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Less |
EXPENSES |
|
|
|
|
|
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|
Cost of Sales |
393.549 |
331.539 |
284.111 |
|
|
|
Other Direct Cost |
4.172 |
5.700 |
3.188 |
|
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|
Selling & Administrative Expenses |
59.458 |
58.516 |
36.894 |
|
|
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TOTAL (B) |
457.179 |
395.755 |
324.193 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
28.562 |
27.395 |
23.630 |
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Less |
FINANCIAL
EXPENSES (D) |
17.017 |
17.910 |
12.754 |
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.545 |
9.485 |
10.876 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.604 |
2.544 |
1.713 |
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PROFIT BEFORE
TAX (E-F) (G) |
7.941 |
6.941 |
9.163 |
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Less |
TAX (I) |
2.335 |
2.655 |
3.244 |
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|
PROFIT AFTER TAX
(G-I) (J) |
5.606 |
4.286 |
5.919 |
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
18.385 |
14.334 |
NA |
|
|
|
|
|
|
|
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|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
4.000 |
0.000 |
NA |
|
|
|
Dividend |
0.500 |
0.200 |
NA |
|
|
|
Tax on Dividend |
0.085 |
0.034 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
19.406 |
18.386 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.00 |
5.36 |
14.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.15 |
1.01 |
1.70
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.67 |
1.68 |
2.69
|
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|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.86 |
2.73 |
3.81
|
|
|
|
|
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|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.31 |
0.50
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
8.10 |
10.59 |
12.19
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.69 |
2.43 |
2.27
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
in Millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Dues to small scale industries |
0.000 |
0.000 |
0.000 |
|
Other dues |
80.975
|
85.846
|
81.177 |
|
Total |
80.975
|
85.846
|
81.177 |
CHANGE OF ADDRESS
The situation of the registered office of the company was
changed from A/1,
FORM 8 :
|
Corporate
identity number of the company |
U24231GJ1996PTC029354 |
|
Charge
identification number of the modified |
10075801 |
|
Name of the
company |
AMEYA DYECHEM
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
“Ameya Towers”, Plot No.10, Radhakrishna Cross Road, Next to PF
Office, Akota Road, Vadodara – 390020, Gujarat, India |
|
This form is for |
Modification of
Charge |
|
Type of charge |
Book Debts Movable property Floating charge |
|
Particular of
charge holder |
HDFC Bank Limited, Senapati Bapat Marg, Lower Parel
(west), Mumbai – 400013, |
|
Nature of
instrument creating charge |
Supplemental Memorandum
relating to hypothecation of Stocks, Book Debts. |
|
Date of
instrument Creating the charge |
30.06.2010 |
|
Amount secured by
the charge |
Rs.133.750
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest
: Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment : Working Capital
facility shall payable On Demand and Term Loan
facility shall repayable in suitable installments Margin : As may be stipulated
by the Bank from time to time. Extent and
operation of the charge : Hypothecation by
way of First Charge on Company's Stocks, Book Debts, etc., to secure as a
continuing security for the repayment of Rs.133.750 Millions, together with
interest, costs, charges, expenses and other moneys due and payable by the
Company to the Bank. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation
first charge over the Stocks, Book Debts of the Company. |
|
Date of last modification
prior to present modification |
21.01.2010 |
|
Particulars of
the present modification |
The Charge shall
now stand increased from Rs.113.750 Millions to Rs.133.750 Millions
(Comprising: Cash Credit of Rs.75.000 Millions, Term Loan of Rs.11.250 Millions,
Letter of Credit of Rs.10.000 Millions, Bank Guarantee of Rs.10.000 Millions,
STCMS of Rs.60.000 Millions, WCTL of Rs.20.000 Millions, PSR-FX of Rs.1.500
Millions), against the security of Stocks, Book Debts of the Company. |
Fixed Assets:
- Air Conditioner
- Car
- Air Cooler
- Cell Phone
- Digital Camera
- EPABX Systems
- Fax Machine
- Inverter
- Computer
- Fan
- Furniture
- Machinery
- Mobile instrument
- Scooter
- Tools and Equipments
- Water Cooler
- T .V
- Fire Extinguisher
- Projector
- Water cooler and purifier
- Metering Pump
- General Pump
- Spectrophotometer
WEBSITE DETAILS:
Company Profile
They have a complete edge over other corporate houses, as they trust and invest
in their People and Technologies.
Spirit:
An
undying spirit of applying knowledge, leading and building a WORLD CLASS team
is what drives Ameyaites. Most people who work in Subject feel they own the
company. Speed of accomplishing and delivering is very important to them, as
this speed is what makes subject grow at much higher pace there is a good
reason why Subject is fast. Fast equals impatience equals youth. The reason
being everyone in Subject is Ambitious and desperate to deliver his best to
Subject and its customers.
Integrity:
This
is part of the spirit in each and every Ameyaite, they ensure fairness
internally and externally, to all their partners, customers, stake holders and
self…this is the basic foundation on which they are growing—there have been
instances where they have let gone a growth opportunity if that violates the
basic integrity and perhaps that sets them apart from a lot of Organizations,
as, though they intend to grow rapidly, they still will ensure that they are
honest to the core.
Current Businesses:
They are a company having interests in as diversified fields as
Silicones, Offset Printing Industry, Label Printing Industry, Web Offset
Printing Industry, Coding and Labeling Solutions, Printing Plates, Information
Technology, Biotechnology etc. With only two things in common : In-depth reach
in Industrial Marketing and Customer Delight. They provide solutions to various
Industry Segments such as Electronics, Electricals, Lubricants, Pesticides,
Glass, Textiles, Cosmetics, Food and Beverages, Pharmaceuticals, Cables, Ducts
and Pipes, Dairies, Paints and most other manufacturing sectors.
Building a Global Team: At Subject, they believe, recruiting the right person,
assimilate the cultures that they bring into. Make them feel proud, remove
hierarchical mental blocks, keep them motivated - and move ahead. Each person
at subject is obsessed with a desire to make difference An unyielding SPIRIT,
which just refuses to accept defeat. Never say Die—attitude and commitment to
deliver the best to all, energy and capability to energize is what sets apart
each Ameyaite and when it comes to intellectual resource, they do have the best
of the globe…in the process to create a GLOBAL and WORLD CLASS AMEYA, they have
gathered world class people.
Marketing – Their
Core Strength:
Marketing for Subject is a creative business and one of its greatest
gift is its strategic thinking. Selling is an art and delivering better than
what has been committed is what the marketing ends with or do they say begins
with—as each time they deliver more, they are sure of sustaining the customer
and growing the business.
Products:
Manufacturers and Exporters of Silicones, Water Treatment, Coding,
Labeling and System Integration, Protective Coatings, Ethanol, Speciality
Lubricants, Printing Inks/Plates. Silicones - Fluids and Intermediates,
Silicone Rubber, Resins and Specialities, RTV Sealants. Water Treatment -
Boiler Water Applications, Cooling Water Applications, Influent and Waste Water
Applications, Membrane Separation Applications. Coding, Labeling and System
Integration - Digital Printing, Large Character Printers: Valve and Impulse
Jet, Label Printer Applicators. Speciality Lubricants - Alchem S-7 , Alchem
M-4, Alchem Hi- VAC, Alchem –33 , Alchem –41 , Alchem- 44 , Alchem – 44 M, Alchem-
44 PM , Anti- Tracking Compound , Anti Seize Compound Alchem 1000. They also
manufacture graphite grease, cutting oil, and many more products for all the
lubrication needs.
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.45.30 |
|
|
1 |
Rs.71.73 |
|
Euro |
1 |
Rs.60.40 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.