|
|
|
Country |
|
|
M. H. POLYMERS PRIVATE LIMITED |
Company Name |
Principal Name 1 |
Mr. Mohd. Shakil |
|
Satisfactory |
Status |
Principal Name 2 |
Mr. Mohd. Sajid |
|
|
|
Registration # |
55-34437 |
|
5267, Kucha Rehman, Chandni Chowk, |
Street Address |
|
|
|
29.12.1988 |
Established Date |
SIC Code |
-- |
|
91-11-23926851 / 22941799 / 23940465 / (Resi.) 23923406 /
23931895 |
Telephone# |
Business Style 1 |
Manufacturing |
|
91-11-23926851 / 23941798 / 23940465 |
Fax # |
Business Style 2 |
Marketing |
|
Homepage |
Product Name 1 |
Pillows |
|
|
Approximately 162 (In office 12 and In Factory 150) |
# of employees |
Product Name 2 |
Foam Sheet |
|
Rs.
4,727,710/- |
Paid up capital |
Product Name 3 |
Bolsters |
|
Directors or relatives
of directors (100.00%) |
Shareholders |
Banking |
Axis
Bank Limited |
|
NO |
Public Limited Corp. |
Business Period |
23 Years |
|
NO |
IPO |
International Ins. |
- |
|
NO |
Public |
Rating |
Ba (45) |
|
Related
Company |
Relation
|
Company
Name |
CEO |
|
Country
|
Associate |
Supermax Fincap Private Limited |
-- |
|
|
Note |
|
|
|
- |
|
|
|
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
126,357,000 |
Current Liabilities |
32,912,000 |
|
Inventories |
68,814,000 |
Long-term Liabilities |
140,605,000 |
|
Fixed Assets |
49,969,000 |
Other Liabilities |
11,402,000 |
|
Deferred Assets |
000 |
Total Liabilities |
184,919,000 |
|
Invest& other Assets |
50,000 |
Retained Earnings |
55,543,000 |
|
|
|
Net Worth |
60,271,000 |
|
Total Assets |
245,190,000 |
Total Liab. & Equity |
245,190,000 |
|
Total Assets (Previous Year) |
223,782,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales/Total Income |
471,490,000 |
Net Profit |
6,836,000 |
|
Sales(Previous yr) |
513,254,000 |
Net Profit(Prev.yr) |
6,479,000 |
MIRA
INFORM REPORT
|
Report Date : |
29.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
M. H. POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
5267, Kucha Rehman, Chandni Chowk, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
29.12.1988 |
|
|
|
|
Com. Reg. No.: |
55-34437 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.4.728
Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1988PTC034437 |
|
|
|
|
IEC No.: |
0589003542 [Date : 27.04.1989] |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELM04623D |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACM0826B |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacturing and Marketing of Flexible Polyurethane Foam
(PU Foam) and trading of Cotton Cloth |
|
|
|
|
No. of Employees: |
Approximately 162 (In office 12 and In Factory 150) |
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 240000 |
|
|
|
|
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. S M Sajid |
|
Designation : |
Director |
|
Contact No.: |
91-9810063768 |
LOCATIONS
|
Registered Office : |
5267, Kucha Rehman, Chandni Chowk, |
|
Tel. No.: |
91-11-23926851 / 22941799 / 23940465 / (Resi.) 23923406 /
23931895 |
|
Fax No.: |
91-11-23926851 / 23941798 / 23940465 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1200 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
B-15, B-14, E-115, Site B, Surajpur Industrial Area,
Tehsil Dadri, Dist. Gautam Budh Nagar, Greater Noida, |
|
Tel. No.: |
91-120-2569543 / 2560488 |
|
Fax No.: |
91-120-2569543 / 2560488 |
|
Area : |
280000 Sq. Mtrs. |
|
Location : |
Owned |
|
|
|
|
Branch / Factory
2: |
M. H. House, D – 2/A, Abdul Fazal Enclave, Thokar No. 3, Jamia Nagar,
Okhla, New Delhi – 110 025, India |
|
Area : |
1800 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Friend Colony, |
DIRECTORS
|
Name : |
Mr. Mohd. Shakil |
|
Designation : |
Director |
|
Address : |
5267, Kucha Rehman, Chandni Chowk, Delhi-110006, |
|
Date of Birth/Age : |
01.03.1957 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
AALPS3494F |
|
DIN No.: |
00458920 |
|
|
|
|
Name : |
Mr. Mohd. Sajid |
|
Designation : |
Director |
|
Address : |
5267, Kucha Rehman, Chandni Chowk, Delhi-110006, |
|
Date of Birth/Age : |
30.08.1959 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
08.04.2003 |
|
PAN No.: |
AALPS3495E |
|
DIN No.: |
00458867 |
|
|
|
|
Name : |
Mr. Mohd Khalid |
|
Designation : |
Director |
|
Address : |
5267, Kucha Rehman, Chandni Chowk, Delhi-110006, |
|
Date of Birth/Age : |
02.03.1967 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
AAVPM3513F |
|
DIN No.: |
00036128 |
MAJOR SHAREHOLDERS
(As on 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
Mohd. Shakil |
|
64237 |
|
Mohd. Sajid |
|
64237 |
|
Mohd. Khalid |
|
64237 |
|
Mohd. Umar |
|
10010 |
|
Tuba Sajid |
|
10 |
|
Nahid Shakil |
|
50010 |
|
Huma Sajid |
|
50010 |
|
Mohd. Osama |
|
10010 |
|
Mohd. Wasif |
|
10010 |
|
Supermax Fincap Private Limited, |
|
100000 |
|
Anjum Kausar |
|
50000 |
|
|
|
|
|
Total |
|
472771 |
Equity shares Breakup (percentage of total equity)
(As on 30.09.2010)
|
Category |
Percentage |
|
Directors or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Marketing of Flexible Polyurethane Foam
(PU Foam) and trading of Cotton Cloth |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
|
PRODUCTION STATUS [as on 31.03.2010]
|
Particulars |
|
|
Installed
Capacity |
Actual
Production |
|
Polyurethane Foam |
|
|
3000 MT |
3893852.000
kgs.* |
* (Including Cutting Loss 2528.000 Kgs)
GENERAL INFORMATION
|
No. of Employees : |
Approximately 162 (In office 12 and In Factory 150) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
36, Netaji Subhas Marg, Darya Ganj, Tel No.: 91-11-23268266 / 23270786 / 23266869
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Dewan P. N. Chopra and Company Chartered Accountants |
|
Address : |
H 57, Connaught Circus, |
|
Tel. No.: |
91-11-23321418 / 23325028 / 23322359 / 23320876 / 23321418 |
|
Fax No.: |
91-11-23322359 / 23313246 / 24645893 |
|
Email : |
|
|
|
|
|
Associate : |
·
Supermax Fincap Private Limited 5182, Street Sultan Yar Khan, Ballimaran, Chandni Chowk, Banker : Bank of Activities : NBFC |
CAPITAL STRUCTURE
(As on 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
472771 |
Equity Shares |
Rs.10/- each |
Rs.4.728
Millions |
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 |
4.728 |
4.728 |
4.728 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
55.543 |
48.707 |
42.235 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
60.271 |
53.435 |
46.963 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
47.311 |
6.006 |
46.527 |
|
|
2] Unsecured Loans |
93.294 |
115.946 |
75.810 |
|
|
TOTAL BORROWING |
140.605 |
121.952 |
122.337 |
|
|
DEFERRED TAX LIABILITIES |
2.014 |
2.034 |
2.027 |
|
|
|
|
|
|
|
|
TOTAL |
202.890 |
177.421 |
171.327 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
49.969 |
47.882 |
45.900 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.050 |
0.050 |
0.050 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
68.814
|
58.239 |
71.564 |
|
|
Sundry Debtors |
84.535
|
99.860 |
75.755 |
|
|
Cash & Bank Balances |
5.553
|
3.151 |
3.295 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
36.269
|
14.600 |
10.267 |
|
Total
Current Assets |
195.171
|
175.850 |
160.881 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
32.423
|
35.215 |
28.258 |
|
|
Other Current Liabilities |
0.489
|
0.208 |
0.031 |
|
|
Provisions |
9.388
|
10.938 |
7.215 |
|
Total
Current Liabilities |
42.300
|
46.361 |
35.504 |
|
|
Net Current Assets |
152.871
|
129.489 |
125.377 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
202.890 |
177.421 |
131.327 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
471.490 |
513.254 |
438.710 |
|
|
|
Foreign Exchange Fluctuations |
|
[0.091] |
1.077 |
|
|
|
TOTAL (A) |
471.490 |
513.163 |
439.787 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed and Manufacturing Expenses |
|
426.225 |
377.940 |
|
|
|
Payments to and provisions for employees |
|
27.711 |
16.394 |
|
|
|
Administrative and Miscellaneous Expenses |
|
4.774 |
4.575 |
|
|
|
Selling Expenses |
|
24.475 |
30.775 |
|
|
|
Excise Duty on opening and closing stock |
|
[1.194] |
[0.246] |
|
|
|
Increase/ Decrease in Stock |
|
[2.114] |
[8.393] |
|
|
|
TOTAL
(B) |
461.059 |
484.105 |
421.046 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Depreciation and Financial Charges) |
29.058 |
18.741 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
16.768 |
11.545 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
12.290 |
7.196 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
1.941 |
1.784 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
10.431 |
10.349 |
5.412 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.595 |
3.870 |
2.078 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6.836 |
6.479 |
3.334 |
|
|
|
|
|
|
|
|
|
Less |
Taxes paid for earlier years |
NA |
0.008 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
6.471 |
3.334 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
264.208 |
208.891 |
240.702 |
|
|
TOTAL IMPORTS |
264.208 |
208.891 |
240.702 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.46 |
13.69 |
7.05 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.45
|
1.26 |
0.76
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.02 |
1.23
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.26
|
4.63 |
2.62
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.19 |
0.12
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.03
|
3.15 |
3.36
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.61
|
3.79 |
4.53
|
LOCAL AGENCY FURTHER INFORMATION
History
Subject was incorporated in the year
1988, under the companies Act 1956, having Registration Number 55-34437 and
started manufacturing PU Foam in the year 1990. The Company, since then, is
growing at the rate of 35% annually and increasing its market share very
rapidly.
The product of the company have
great acceptance in the market, The quality and the ever increasing output of
the products has, in fact, made us the second largest producer of Slab Stock,
Flexible P. U. Foam in the Indian P.U. Foam Industry in a short period of time.
The company started production activities in the year 1998.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74899DL1988PTC034437 |
|
Name of the
company |
M. H. POLYMERS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
5267, Kucha Rehman, Chandni Chowk, |
|
This form is for |
Creation of
Charge |
|
Type of charge |
Immovable Property |
|
Particular of charge
holder |
Axis Bank Limited, 4/10, OPG House, |
|
Nature of
instrument creating charge |
Memorandum of
Entry Evidencing Extension of Equitable Mortgage |
|
Date of
instrument Creating the charge |
29.03.2011 |
|
Amount secured by
the charge |
Rs. 85.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per Sanction
letter No. AXISB/ SME/DEL/CR/2010-11/16160 Dated 10.03.2011 to be amended
from time to time. Terms of
Repayment As per Sanction
letter No. AXISB/ SME/DEL/CR/2010-11/16160 Dated 10.03.2011 to be amended
from time to time. Margin As per Sanction
letter No. AXISB/ SME/DEL/CR/2010-11/16160 Dated 10.03.2011 to be amended
from time to time. Extent and
Operation of the charge Extent of
Operation – 100% Others The above is to
secure followings credit facilities granted by the bank to Sukh Steels
Private Limited in Addition to Rs. 130.000 Millions already granted to M.H. Polymers
Private Limited Cash Credit Rs.
40.000 Millions, LC Rs. 5.000 Millions LER on Forward Contracts (Sub limit to
CC) = (2.000 Millions), Term Loan- Rs. 40.000 Millions, Letter of Credit
(Capex) (Rs. 20.000 Millions) One way full
interchangeability from CC to LC limit is allowed within the aggregate
working capital limit of Rs. 45.000 Millions |
|
Short particulars
of the property charged |
Extension of
Equitable mortgage by way of first charge over company’s immovable properties
i.e. (1) Industrial Propertyl No. E-115 (MEAS 4810 Sq. mtrs) Site –B, UPSIDC
Industrial Area, Surajpur Dadri District,
Gautam Budh Nagar (Uttar Pradesh) and bounded by 18-MTR Wide road in east,
plot No. B-15 in West Plot No. D-23,
in north and plot No. E-114 in south and (2) property No. B-15 (MEAS, 7800 sq
mtrs.) Industrial Area,
Site-B, Surajpur, Dadri District |
|
Corporate
identity number of the company |
U74899DL1988PTC034437 |
|
Name of the
company |
M. H. POLYMERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
5267, Kucha Rehman, Chandni Chowk, |
|
This form is for |
Modification of
charge |
|
Type of charge |
·
Hypothecation ·
Equitable
mortgage or mortgage of property by depositing the title deeds |
|
Particular of
charge holder |
36, Netaji Subhas Marg, Darya Ganj, |
|
Amount secured by
the charge |
Rs.28.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Overdraft limit
for Rs.28.000 millions with margin 40% and interest 16.50% p.a. |
|
Description of
the property charged indicating whether it is a charged on |
·
Immovable
properties ·
Stock
in trade ·
Plant
and Machinery |
|
Particulars of
the property charged |
·
First
charge in favour of Bombay Merchantile Co-operative Bank limited by way of
Hypothecation of stocks of raw material, finished goods and semi finished
goods. ·
Collaterlly
secured by factory land and building No. B-14 and B-15, Site – B, Surajpur Industrial
Area, Greater Noids. ·
Collaterally
secured by hypothecation of plant and machinery (All existing and future) |
|
Brief description
of the instrument modifying the charge under section 135 |
Agreement for
Hypothecation of stocks dared 14.07.2006 interest @ 11 p.a. with margin of
40%` |
|
Date of
instrument modifying the charge |
14.07.2006 |
|
Particulars of
the present modification |
Enhancement of
overdraft from Rs.6.500 millions to Rs.28.000 millions against raw material,
finished goods and semi finished goods. |
Fixed
Assets
·
Land
·
Building
·
Plant and Machinery
·
Office equipment
·
Weighting scale
·
Fire extinguishers
·
Electrical installation
·
Computer
·
Cycle
·
Scooter
·
Exhaust fan
·
Tools and equipments
·
Car
·
Mobile Phone
·
Truck
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.44.13 |
|
|
1 |
Rs.72.05 |
|
Euro |
1 |
Rs.63.33 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
4 |
|
--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 |
|
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.