%20INDUSTRIES%20LIMITED%20-%20143344%2002-Jun-2011_files/image002.jpg){kind=small}
1. Summary Information
|
|
|
Country |
|
|
Company Name |
TECHFAB ( |
Principal Name 1 |
Mr. Anant Kanoi |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Virendra Jai Kumar Jain |
|
|
|
Registration # |
11-180678 |
|
Street Address |
712, |
||
|
Established Date |
01.04.2008 |
SIC Code |
-- |
|
Telephone# |
91-22-22876224/ 25 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-22876218 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Woven Geotextile |
|
|
# of employees |
155 (Approximately) |
Product Name 2 |
Geogrid |
|
Paid up capital |
Rs.
3,158,000/- |
Product Name 3 |
Non Woven Geotextile |
|
Shareholders |
Bodies Corporate – 68%, Directors – 32% |
Banking |
Canara Bank,
Prime Corporate Branch – 1, |
|
Public Limited Corp. |
NO |
Business Period |
3 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
|
PET Fibres Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
178,418,000 |
Current Liabilities |
83,152,000 |
|
Inventories |
77,171,000 |
Long-term Liabilities |
291,799,000 |
|
Fixed Assets |
406,686,000 |
Other Liabilities |
38,615,000 |
|
Deferred Assets |
0 |
Total Liabilities |
413,566,000 |
|
Invest& other Assets |
29,667,000 |
Retained Earnings |
275,218,000 |
|
|
|
Net Worth |
278,376,000 |
|
Total Assets |
691,942,000 |
Total Liab. & Equity |
691,942,000 |
|
Total Assets (Previous Year) |
651,559,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
384,307,000 |
Net Profit |
22,670,000 |
|
Sales(Previous yr) |
396,388,000 |
Net Profit(Prev.yr) |
38,337,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
TECHFAB ( |
|
|
|
|
Formerly Known As : |
TECHFAB |
|
|
|
|
Registered Office : |
712, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
01.04.2008 |
|
|
|
|
Com. Reg. No.: |
11-180678 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs. 3.158 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U17290MH2008PLC180678 |
|
|
|
|
IEC No.: |
0303003669 |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACCT9085H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Company |
|
|
|
|
Line of Business : |
Manufacturer And Exporter of Geo Textile And Geo Grid. |
|
|
|
|
No. of Employees : |
155 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1113000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company having satisfactory track. Trade relations are
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
712, |
|
Tel. No.: |
91-22-22876224/ 25 |
|
Fax No.: |
91-22-22876218 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Unit I Survey No. 148/1, 148/2, Village Khadoli, Silvasa-396 230, Dadara and Unit II Survey No. 99/2/6, Village Rkholi, Madhuban Dham Road, Silvassa-396 230,
Dadara and Nagarhaveli, India |
|
Tel. No.: |
91-260-2699481 Khadoli) 91-260-2632141 (Rakholi) |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located at:
|
|
Location : |
Rented |
DIRECTORS
As on 22.09.2010
|
Name : |
Mr. Anant Kanoi |
|
Designation : |
Director |
|
Address : |
94, |
|
Date of Birth/Age : |
22.10.1974 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00246353 |
|
|
|
|
Name : |
Mr. Virendra Jai Kumar Jain |
|
Designation : |
B.Com |
|
Address : |
B-19, |
|
Date of Birth/Age : |
19.11.1958 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
29.08.2008 |
|
DIN No.: |
00077662 |
|
|
|
|
Name : |
Mr. Anil Shivram Bari |
|
Designation : |
Director |
|
Address : |
07, Jaicorp
Housing Society, Samarvani, Silvasa – 396 230, Dadara and |
|
Date of Birth/Age : |
12.07.1963 |
|
Qualification : |
Textile Engineering |
|
Date of Appointment : |
29.08.2008 |
|
DIN No.: |
02284746 |
|
|
|
|
Name : |
Mrs. Nidhi Kanoi |
|
Designation : |
Whole Time Director |
|
Address : |
94, |
|
Date of Birth/Age : |
06.08.1977 |
|
Qualification : |
CA |
|
Date of Appointment : |
30.04.2008 |
|
DIN No.: |
02017802 |
|
|
|
|
Name : |
Mr. Aditya Kanoi |
|
Designation : |
Director |
|
Address : |
13/2,
Ballygunje, |
|
Date of Birth/Age : |
29.10.1965 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00390500 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.09.2010
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Aditya Kanoi |
|
8330 |
|
Anant Kanoi |
|
11000 |
|
Nidhi Kanoi |
|
11000 |
|
PET Fibres Limited |
|
66670 |
|
M.D. Kanoi |
|
1000 |
|
Karuna Kanoi |
|
1000 |
|
PDK Estate Private Limited |
|
1000 |
|
Total |
|
100000 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Aditya Kanoi |
|
11448 |
|
Anant Kanoi |
|
13233 |
|
Nidhi Kanoi |
|
12520 |
|
PET Fibres Limited |
|
178014 |
|
M.D. Kanoi |
|
195 |
|
Karuna Kanoi |
|
195 |
|
PDK Estate Private Limited |
|
195 |
|
Dharmendra Savansukha |
|
92500 |
|
Total |
|
308300 |
|
List of Allotees
of Preference Share as on 05.07.2010 |
|
|
|
Dharmendra Savansukha |
|
102500 |
As on 22.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
68.00 |
|
Directors or relatives of Directors |
32.00 |
|
Total |
100.00 |
BUSINESS DETAILS
PRODUCTION STATUS (As on 31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Woven Geo-Textile |
Kgs |
NA |
2400000 |
793323 |
|
|
|
|
2400000 |
|
|
PET Geo- grid |
Sqm |
NA |
3700000 |
2540949 |
|
|
|
|
(3700000) |
|
|
Non- Woven Geo -textile |
Kgs |
NA |
4800000 |
1671543 |
|
|
|
|
--- |
|
GENERAL INFORMATION
|
No. of Employees : |
155 (Approximately) |
|||||||||||||||
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|
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Bankers : |
Canara Bank, Prime Corporate Branch – 1, |
|||||||||||||||
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Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jayanti Lal Thakkar And Company Chartered Accountant |
|
Address : |
111-A, |
|
Tel. No.: |
91-22-2265800 |
|
PAN.: |
AAAFJ3458R |
|
|
|
|
Associates : |
PET Fibres Limited Other Associates:
|
|
|
|
|
Subsidiaries : |
As on 31.03.2009 Bharat Geosystem Private Limited Address: 8/2, Line of Business: Engineering Study and Design of all Geotechnical
System, etc |
CAPITAL STRUCTURE
As on 22.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
|
500000 |
1% Optionally Convertible Non-Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs.5.000 millions |
|
|
Total |
|
Rs.10.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
Millions |
|
308300 |
Preference Share |
Rs.10/- each |
Rs. 3.083
Millions |
|
|
Total |
|
Rs.4.083 Millions |
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
|
500000 |
1% Optionally Convertible Non-Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs.5.000 millions |
|
|
Total |
|
Rs.10.000 millions
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
Million |
|
228500 |
Preference Share |
Rs.10/- each |
Rs. 2.285
Millions |
|
|
Less: 12700 Shares Redeemed
during the year |
|
Rs. 0.127
Millions |
|
|
Total |
|
Rs. 3.158 Millions |
Note:
100000 (previous year 100000) Equity Shares of
Rs. 10/- each fully paid up
228500 (Previous Year 244500) 1% Optionally Convertible
Non – Cumulative Redeemable Preferance Shares of Rs. 10/- each fully paid up
Less: 12700 (Previous Year16000) Shares
Redeemed during the year 215800 (Previous Year 228500) Optionally Convertible
Non – Cumulative Redeemable Preference shares of Rs. 10/- each.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
3.158 |
3.285 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
275.218 |
264.552 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
278.376 |
267.837 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
291.799 |
277.122 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
291.799 |
277.122 |
|
|
DEFERRED TAX LIABILITIES |
|
38.615 |
34.317 |
|
|
|
|
|
|
|
|
TOTAL |
|
608.790 |
579.276 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
406.686 |
285.724 |
|
|
Capital work-in-progress |
|
29.667 |
124.355 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
77.171 |
60.130 |
|
|
Sundry Debtors |
|
89.892 |
100.562 |
|
|
Cash & Bank Balances |
|
8.766 |
10.016 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
79.760 |
70.772 |
|
Total
Current Assets |
|
255.589 |
241.480 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
21.597 |
26.387 |
|
|
Other Liabilities |
|
26.057 |
16.986 |
|
|
Provisions |
|
35.498 |
28.910 |
|
Total
Current Liabilities |
|
83.152 |
72.283 |
|
|
Net Current Assets |
|
172.437 |
169.197 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
608.790 |
579.276 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
384.307 |
396.388 |
|
|
|
Other Income |
|
8.111 |
7.535 |
|
|
|
TOTAL (A) |
|
392.418 |
403.923 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ decrease in stocks |
|
(5.988) |
(0.811) |
|
|
|
Raw Material Consumed |
|
185.914 |
165.970 |
|
|
|
Purchase of Trading Goods |
|
3.582 |
13.234 |
|
|
|
Employees Remuneration and Benefits |
|
49.982 |
39.314 |
|
|
|
Manufacturing, Selling and Administrative Expenses |
|
81.158 |
71.703 |
|
|
|
TOTAL (B) |
|
314.648 |
289.410 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
77.777 |
114.513 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
26.893 |
19.651 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
50.877 |
94.862 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
22.708 |
14.081 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
28.169 |
80.781 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
5.499 |
42.444 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
|
22.670 |
38.337 |
|
|
|
|
|
|
|
|
|
Add |
PROVISION FOR
LEAVE ENCASHMENT WRITTEN BACK |
|
0.703 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
SHORT PROVISION
OF FRINGE BENEFIT TAX FOR EARLIER YEARS |
|
0.135 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
38.177 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Capital Redemption Reserve |
|
0.127 |
0.160 |
|
|
|
Dividend |
|
|
|
|
|
|
Tax on Dividend |
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
61.289 |
38.177 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
|
54.709 |
36.917 |
|
|
TOTAL EARNINGS |
|
54.709 |
36.917 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Items |
|
10.572 |
52.856 |
|
|
|
Raw Materials |
|
39.926 |
15.803 |
|
|
|
Store Items |
|
0.995 |
0.115 |
|
|
TOTAL IMPORTS |
|
51.493 |
68.774 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
232.38 |
383.37 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
5.78 |
9.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
7.33 |
20.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
4.25 |
15.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.10 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
1.35 |
1.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
3.07 |
3.34 |
LOCAL AGENCY FURTHER INFORMATION
FIXED ASSETS:
- Building
- Plant and
Machinery
- Lab and Other
Equipments and Electrical Installation
- Furniture and
Fixtures
- Office
Equipments
- Computer
- Motor Car
Form 8:
|
Corporate
identity number of the company |
U17290MH2008PLC180678 |
|
Name of the
company |
TECHFAB ( |
|
Address of the
registered office or of the principal place of business in |
712, |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable Property Book Debts Others(Finished Stocks, Raw Material and WIP) |
|
Particular of
charge holder |
Canara Bank, Prime Corporate Branch – 1, |
|
Nature of
instrument creating charge |
Letd Dated
30.05.2009 and Common Hypothecation Agreement Dated 30.05.2009 |
|
Date of
instrument Creating the charge |
30.05.2009 |
|
Amount secured by
the charge |
Rs. 443.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest As per Common
Hypothecation Agreement Dated 30.05.2009 Terms of
Repayment As per Common
Hypothecation Agreement Dated 30.05.2009 Margin As per Common Hypothecation
Agreement Dated 30.05.2009 Extent and
Operation of the charge To Secure Working
Capital Limits and Term Loans Amounting To Rs. 443.000 Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
|
WEBSITE DETAILS:
PROFILE:
Subject was founded in 2003, with the objective of providing
world class geosynthetic products and services to enable owners, consultants
and contractors to design and implement reliable, economic and easy to
construct solutions for a wide range of geotechnical, transportation, hydraulic
and environmental related problem.
Subject started its operations in 2003. The head office is
at Mumbai and they have sales offices at Ahmedabad,
The manufacturing facilities have ISO 9001:2000
certification. Three of the product ranges – Techgrid geogrids, TFI 5000 and
TFI 3000 - are CE certified. All the manufacturing facilities have full-fledged
in-house laboratories for quality control testing.
They have a large team of highly qualified and experienced
civil engineers organized into three departments – Sales, Design and technical
services and Projects – to provide prompt and efficient service to the
customers.
Subject has the proven capability of offering its customers
the widest range of high quality products and engineering services to enable
them to execute challenging projects and meet their targets in terms of
performance, cost and time.
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.44.89 |
|
|
1 |
Rs.73.84 |
|
Euro |
1 |
Rs.64.76 |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
47 |
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.