MIRA
INFORM REPORT
|
Report Date : |
15.01.2011 |
Note:
The Registered office of the company has been shifted from 40/10
Upendra, Sewree Wadala Road, King Circle, Mumbai-400019, Maharashtra, India to present
address w.e.f. 19.08.2010
IDENTIFICATION DETAILS
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Name : |
DELTA NUTRITIVES PRIVATE LIMITED |
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Formerly Known As : |
DELTA CHEM IMPEX PRIVTE LIMITED |
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Registered Office : |
B-312, Antop Hill, Warehousing Complex, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
07.11.2002 |
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Com. Reg. No.: |
11-137794 |
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CIN No.: [Company
Identification No.] |
U51397MH2002PTC137794 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMD09817D |
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PAN No.: [Permanent
Account No.] |
AABCD6163B |
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Legal Form : |
Private Limited Liability company |
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Line of Business : |
Importer and Trader of Bakery used ingredients like bread mixes,
Chocolates, Toppings, Cake Mixes, etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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 36000 |
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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 PARTED BY
|
Name : |
Mr. Sachin Patil |
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Designation : |
Account Manager |
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Contact No.: |
91-9819849687 |
|
Date : |
14.01.2011 |
LOCATIONS
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Registered Office : |
B-312, ANTOP HILL, WAREHOUSING COMPLEX, |
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Tel. No.: |
91-22-5662 1093 / 94 / 40625316 / 2412 2765 /66 |
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Mobile No.: |
91-9819849687 (Mr. Sachin Patil) |
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Fax No.: |
91-22-5662 1095 / 24181 770 |
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E-Mail : |
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Registered office: |
B-312, Antop Hill, Warehousing Complex, |
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Tel No.: |
91-22-66621093/ 94 |
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Fax No.: |
91-22-67357709 |
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E mail: |
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Website : |
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Area |
500 sq.ft. (Owned) |
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Corporate Office : |
C-13 Shri Ram Industrial Estate, 13, G.D. Ambekar Raod, Wadala,
Mumbai-400031, |
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Tel. No.: |
91-22-67357777 |
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Fax No.: |
91-22-67357700 / 24181770/ 40625300 |
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Area : |
500 Sq ft (Rented) |
DIRECTORS
As On 30.09.2010
|
Name : |
Ms. Kinnari Manish Mehta |
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Designation : |
Director |
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Address : |
521/ |
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Date of Birth/Age : |
10.11.1968 |
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Date of Appointment : |
22.11.2007 |
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Din No.: |
00232552 |
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Name : |
Ms. Priti Sanjay Mehta |
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Designation : |
Director |
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Address : |
521/ |
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Date of Birth/Age : |
03.11.1972 |
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Date of Appointment : |
22.11.2007 |
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Din No.: |
00232598 |
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Name : |
Mr. Prakash Indulal Sandhvi |
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Designation : |
Director |
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Address : |
41/10, Upendra, |
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Date of Birth/Age : |
12.03.1963 |
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Qualification : |
B.Com. |
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Date of Appointment : |
07.11.2002 |
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Din No.: |
00537983 |
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Name : |
Mr. Rajesh Indulal Sanghvi |
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Designation : |
Director |
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Address : |
A-401, Bhagnani Co-operative Society, Dunkan, |
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Date of birth/Age : |
23.09.1960 |
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Qualification : |
B.E. |
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Date of Appointment : |
07.11.2002 |
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Din No.: |
00537998 |
MAJOR SHAREHOLDERS
As On 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
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Prakash Indulal Sangvi |
|
52504 |
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Rajesh Indulal Snaghvi |
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52504 |
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Kinnari Manasi Mehta |
|
52504 |
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Preeti Sanjay Mehta |
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52504 |
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1 |
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Dhimant Shah |
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1 |
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Rajendra R Shah |
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1 |
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Sonal Sanghvi |
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1 |
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Manali B Shah |
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1 |
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Shailesh Ramniklal Shah |
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1 |
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Pravina Shashikant Vasa |
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1 |
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Dhara Shailesh Shah |
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1 |
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Harshad B Vadhani |
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1 |
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Harshad A Patni |
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1 |
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Manjula Natha |
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1 |
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Naresh B Nawale |
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1 |
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Niranjan Promodchandra Shah |
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1 |
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Paras Rajendra Shah |
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1 |
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Varsha Shailesh Shah |
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1 |
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Ramesh Nrotamlal Lahia HUF |
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1 |
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Bharatbhai Rhthod HUF |
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1 |
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Kesar Patel |
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1 |
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Hasmukh Trivedi HUF |
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1 |
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Nilam N Joshi |
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1 |
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Rekah M Shah |
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1 |
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Gomi M Patel |
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1 |
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Poonam Jasani |
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1 |
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Anjali M Shah |
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1 |
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Rashmikant M Shah |
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1 |
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Ramji K Gajora |
|
1 |
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Hemant H Shah HUF |
|
1 |
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RAsila Y Shah |
|
1 |
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Chandrakant Mehta HUF |
|
1 |
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Rukhmani B Dedhia |
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1 |
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Devi R Gajora |
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1 |
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Aarti Bharat Daiya |
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1 |
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Sangeeta Pradip Chande |
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1 |
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Dipti Kantilal Shah |
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1 |
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Natwarlal C Sanghvi |
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1 |
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Mamta Kishor Atha |
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1 |
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Rajan Dinesh Parab |
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1 |
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Prakash M Gandhi |
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2 |
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Dinesh Solanki |
|
1 |
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Nitin Mandaliya |
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1 |
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Sanjay Trivedi |
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1 |
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Praksh Sanghvi HUF |
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1 |
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Nikita Sanghvi |
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1 |
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Total |
|
210060 |
Equity Share Breakup (Percentage of Total Equity)
As On 30.09.2010
|
Category |
|
Percentage |
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Director or relatives of Directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Importer and Trader of Bakery used ingredients like bread mixes,
Chocolates, Whip Toppings, Cake Mixes, etc. |
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Imports : |
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Products : |
Chocolates |
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Countries : |
¨
¨
¨
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
¨
A and M Communication ¨ Bhakti Chemicals
Private Limited ¨ Alpha Logistics Intl. ¨ Bhanu Ice and
Cold Storage Private Limited ¨ Chirag Octroi
Services ¨ Jamree
Enterprises Sdn Bhad ¨ Khadhya Khorak
News ¨ Lakhani and
Lakhani ¨ Nilesh Mehta and
Associates ¨
Novozymes South Asia Private Limited |
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Customers : |
Retailers
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No. of Employees : |
Approximately 40 (in Office) |
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Bankers : |
¨
Vijaya
Bank Chira Bazar Branch, Mumbai-400 002, ¨
Barclays Bank ¨
Bank of ¨
HDFC Bank ¨
ICICI Bank ¨
Saraswat Bank ¨
Standard Chartered Bank ¨
The Shamrao Vithal Co-Operative Bank Limited,
8/1, Saraswat Colony Branch, Santacruz
(West), Mumbai-400054, ¨
Citi Bank ¨
Kotak
Mahindra Bank Limited ¨
Yes
Bank ¨
ABN
Amro Bank |
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Facilities : |
CC – Rs. 7.500 Millions.
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Banking
Relations : |
-- |
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Financial
Institutions : |
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Auditors : |
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Name : |
Bhuva and Kanakia Chartered Accountant |
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Address : |
1, Alankar Ground Floor, 251, |
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Tel No.: |
91-22-24070092 / 24070093 |
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Fax No.: |
91-22-24097878 |
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Pan No.: |
AADFB5164F |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
210060 |
Equity Share |
Rs.10/- each |
Rs.2.101
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 |
|
|
SHAREHOLDERS FUNDS |
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1] Share Capital |
2.101 |
2.101 |
2.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
6.950 |
3.709 |
1.853 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
9.051 |
5.810 |
3.953 |
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LOAN FUNDS |
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1] Secured Loans |
0.279 |
0.763 |
1.314 |
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2] Unsecured Loans |
23.202 |
25.720 |
16.540 |
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TOTAL BORROWING |
23.481 |
26.483 |
17.854 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
32.532 |
32.293 |
21.807 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.412 |
2.728 |
3.438 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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|
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INVESTMENT |
0.005 |
0.005 |
0.005 |
|
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.985 |
22.195 |
14.339 |
|
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Sundry Debtors |
14.653 |
11.861 |
22.795 |
|
|
Cash & Bank Balances |
0.271 |
0.536 |
1.341 |
|
|
Other Current Assets |
10.846 |
4.905 |
2.512 |
|
|
Loans & Advances |
3.748 |
5.773 |
3.246 |
|
Total
Current Assets |
44.503 |
45.270 |
44.233 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
9.685 |
5.379 |
15.566 |
|
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Other Current Liabilities |
3.120 |
14.265 |
8.712 |
|
|
Provisions |
1.583 |
1.445 |
1.591 |
|
Total
Current Liabilities |
14.388 |
15.710 |
25.869 |
|
|
Net Current Assets |
30.115 |
29.560 |
18.364 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
32.532 |
32.293 |
21.807 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
131.678 |
130.688 |
99.536 |
|
|
|
Other Income |
|
0.564 |
0.288 |
|
|
|
TOTAL (A) |
131.678 |
131.252 |
99.824 |
|
|
|
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|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods sold |
|
101.530 |
77.492 |
|
|
|
Payment to staff |
|
8.371 |
6.331 |
|
|
|
Administrative and other Expenses |
|
6.998 |
7.059 |
|
|
|
Selling Expenses |
|
7.136 |
4.598 |
|
|
|
TOTAL (B) |
126.837 |
124.035 |
95.480 |
|
|
|
|
|
|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
7.217 |
4.344 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
3.678 |
2.204 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
3.539 |
2.140 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
0.686 |
0.860 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.840 |
2.853 |
1.280 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
NA |
[0.857] |
[0.573] |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
NA |
3.710 |
1.853 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
-- |
13.59 |
6.094 |
|
Expected Sales (2010-11) : Rs.150.000 Millions.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
2.83 |
1.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.18
|
1.29
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.32
|
5.94
|
2.69
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.53
|
0.49
|
0.32
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.18
|
7.26
|
11.06
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.09
|
2.88
|
1.71
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
|
Particulars |
31.03.2010 Rs. In Millions |
31.03.2009 Rs in Millions |
31.03.2008 Rs in Millions |
|
Sundry Creditors |
9.685 |
5.379 |
15.566 |
Sundry Creditors
Details : (Partial Details)
|
Particulars |
31.03.2010 Rs. In Millions |
31.03.2009 Rs in Millions |
31.03.2008 Rs in Millions |
|
A and M Communication |
0.000 |
0.011 |
0.011 |
|
Bhakti Chemicals Private Limited |
0.015 |
0.031 |
0.007 |
|
Alpha Logistics Intl. |
0.000 |
0.067 |
0.249 |
|
Bhanu Ice and Cold Storage Private Limited |
0.000 |
0.011 |
0.084 |
|
Chirag Octroi Services |
0.000 |
0.080 |
0.030 |
|
Jamree Enterprises Sdn Bhad |
0.000 |
0.005 |
0.071 |
|
Khadhya Khorak News |
0.000 |
0.015 |
0.001 |
|
Lakhani and Lakhani |
0.000 |
0.060 |
0.060 |
|
Nilesh Mehta and Associates |
0.008 |
0.005 |
0.010 |
|
Novozymes South Asia Private Limited |
0.000 |
0.239 |
0.108 |
|
A S Enterprises |
0.003 |
0.001 |
0.000 |
|
Aahna Enterprises |
0.344 |
0.000 |
0.186 |
|
Apl Logistrics |
0.140 |
0.000 |
0.000 |
|
Barry Callebaut Asia Pacific (S) Pte Limited |
3.575 |
0.000 |
0.000 |
|
Ganesh Services |
0.097 |
0.024 |
0.000 |
|
Globe Pharma |
0.404 |
0.404 |
0.000 |
FINANCIAL RESULTS:
During the period, the company has earned a Profit of Rs. 4.841 Millions
(Previous year Profit of Rs. 2.854 Millions)
Bankers Charges
Report as per Registry
|
Name of the company |
DELTA CHEM IMPEX
PRIVATE LIMITED |
|
Presented By |
Vijaya Bank.,Chira
Bazar Branch, Mumbai-400002, |
|
1) Date and description of instrument creating the change |
Agreement for Demand Cash Credit Against Hypothecation of Stocks and
book Debts |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.2.500
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 |
At the request of
the Borrower, the Bank has sanctioned Cash Credit limits of Rs.2.500 Millions
to Secure the repayments of the limits and for interest and other charges
thereon, first charge and hypothecation of stock of Pharma Intermediates etc.
lying at 10 A Pooja Complex, Opposite Batra Petrol Pump, Village Purna,
Bhiwandi, District Thane all the current assets, and other movables of the
company. All the Borrower’s present and future Book Debts, outstanding
monies, receivables, claims bills rights to or immovable properties and
movable assets and which are now due owing or payable or belonging to the
borrower or which may at any time hereafter during the continuance of this
security become due owing payable or belonging to the Borrower in the course
of its business. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
|
|
5) Name and Address and description of the person entitled to the charge. |
Vijaya Bank Chira Bazar
Branch, Mumbai-400 002, |
|
6) Date and brief description of instrument modifying the charge |
-- |
|
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. |
-- |
|
Corporate
identity number of the company |
U51397MH2002PTC137794 |
|
Name of the
company |
DELTA NUTRITIVES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-312, Antop Hill, Warehousing Complex, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable property Book Debts Movable Property Others |
|
Particular of
charge holder |
The Shamrao Vithal Co-Operative Bank Limited, 8/1, Saraswat Colony Branch, Santacruz (West),
Mumbai-400054, |
|
Nature of
instrument creating charge |
Recording Letter
evidencing Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
24.11.2010 |
|
Amount secured by
the charge |
Rs. 30.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit- PLR-
2.5% p.a. Letter of Credit (Import)- Commission as per IBD Terms of
Repayment Cash Credit – On
Demand Review in August 2011 Margin Cash Credit- 25%,
Import L/C 15% Extent and
Operation of the charge To secure the due
repayment of the following credit facilities (funded and non funded)
aggregating Rs. 30.000 Millions, together with interest, all other costs and
expenses thereon, granted by the bank to the company. Others Cash Credit
Rs.20.000 Millions Import L/C (Usance
not exceeding 90 Days) : Rs. 10.000 Millions Total : Rs.
30.000 Millions |
|
Short particulars
of the property charged |
Prime Security
for cash credit : Hypothecation of stock of raw materials, processed stocks,
finished goods, packing material and book debts For import Letter
of Credit : Security by way of fixed deposits @ 15% as and when LC is taken Collateral
security by Equitable Mortgage 1) Unit No. B-312, 2nd Floo,
admeasuring 500 ssq.ft. built up are situated at Antop Hill Warehousing
Complex, VIT College Road, Wadala (E) , Mumbai-400037 2) Unit Noi.
B-239, 2nd Floor admeasuring 568 sq.ft. built up area situated at
Antop Hill Warehousing Complex, |
Trade References:
·
Grand Hyatt
Fixed Assets :
- Computer and Printer
- Air
Conditioner
- Camera
- Chairs
- Delivery Van
- Motor Cycle
- Refrigerator
- Deep Freezer
- Food Fiesta
- Telephone System
- Mobile Phones
- Microwave Oven
- Slotted Angles Racks
- Furniture
and Fixtures
- Telephone
System
- Water
Filter cum Purifier
- Godown
Premises
- Motor Car
As Per Web Site:
Profile
Delta Chem, originally into
pharmaceutical raw materials now imports chemicals used in both the pharma and
the food industry. Today Delta Chem imports specialty food ingredients as well
as food chemicals and pharmaceutical raw materials. Combining the flexibility
and quick response of a local supplier with world class
Resources of international leaders in the
bakery, confectionery and chocolate industry.
Delta
Chem’s very innovative and meticulous approach of “Concept Marketing “ in
the Bakery and Confectionery industry has led it to represent the “Best names
in the Business” .Delta Chem is dedicated to the ever changing needs of the
world wide bakery market.
Today, Delta Chem
also stocks various articles like chocolate moulds, melting and tempering
machines, silicon moulds used in bakery as well as kitchen equipments like
palette knives etc.
Delta Chem Impex
is a Group company of the ANM Alliance .This group is an influential name in
Life Sciences, Biotechnology, Chemical and Environmental analysis and Food
Ingredients Industry
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.