MIRA
INFORM REPORT
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Report Date : |
06.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ROHA DYE CHEM PRIVATE LIMITED |
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Registered Office : |
12, |
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Country : |
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Financials (as on) : |
31.03.2009 |
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Date of Incorporation : |
11.08.1972 |
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Com. Reg. No.: |
11-015941 |
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Paid-up Capital : |
Rs. 24.500
Millions |
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CIN No.: [Company
Identification No.] |
U24100MH1972PTC015941 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMR14793C |
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PAN No.: [Permanent
Account No.] |
AAACR4974P |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturer and
Seller of food colors, acid color, cosmetic color etc |
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No. of Employees : |
400
(approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
A (62) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 11000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established and reputed company having fine track. Financial position of the company
appears to be sound. Trade relations are reported as fair. Business is
active. Payments are reported to be regular 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
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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
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Name : |
Mr. Hasmukh |
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Designation : |
Accountant |
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Contact No.: |
91-22-28271933 |
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Date : |
04.06.2011 |
LOCATIONS
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Registered Office : |
12, |
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Tel. No.: |
91-22-28271933 |
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Fax No.: |
91-22-28302531 |
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E-Mail : |
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Website : |
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Factory 1 : |
MIDC, Plot No.
42, Dhatav, Roha – 402 116, Raigad, |
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Tel. No.: |
91-22-28271933 |
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Fax No.: |
91-22-28302531/32 |
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E-mail : |
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Factory 2 /
Corporate Office/ Administrative Office : |
Plot No. A/44-45,
Road No. 2, MIDC, Andheri, Mumbai – 400 093, |
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Tel. No.: |
91-22-40773333 |
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Fax No.: |
91-22-28302531/
32 |
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Regional
Heads: |
Located at: |
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DIRECTORS
AS ON 30.09.2010
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Name : |
Mr. Ramakant
Jagdishprasad Tibrewala |
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Designation : |
Chairman |
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Address : |
603, Panchsheel
Gokuldham, Goregaon (East), Mumbai – 400063, |
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Date of Birth/Age : |
21.09.1956 |
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Qualification : |
B.Com |
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Date of Appointment : |
06.08.1979 |
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DIN No.: |
01237898 |
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Name : |
Mr. Srikant
Jagdish Prasad Tibrewala |
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Designation : |
Director |
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Address : |
503, Panchsheel
Gokuldham, Goregaon (East), Mumbai – 400063, |
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Date of Birth/Age : |
18.06.1962 |
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Qualification : |
B.Com |
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Date of Appointment : |
15.09.1979 |
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DIN No.: |
00197891 |
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Name : |
Mrs. Shushma
Ramakant Tibrewala |
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Designation : |
Director |
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Address : |
603, Panchsheel, |
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Date of Birth/Age : |
18.06.1962 |
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Qualification : |
B.Com |
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Date of Appointment : |
08.11.1990 |
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DIN No.: |
01520822 |
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Name : |
Mr. Ravindra Shreegopal Kedia |
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Designation : |
Director |
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Address : |
Joseph Niwas, Brahman Ali Opposite Gnjoshi, Roha, Raigad-402 100, |
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Date of Birth/Age : |
23.01.1967 |
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Qualification : |
B.Com |
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Date of Appointment : |
01.05.2004 |
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DIN No.: |
02416214 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Shrikant
Tibrewala |
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11640 |
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Ramakant
Tibrewala |
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48598 |
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Sushma Tibrewala |
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34370 |
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Mahesh Tibrewala |
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33000 |
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Brijesh Tibrewala |
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36960 |
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Haresh Tibrewala |
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11000 |
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Brijesh Ramakant
HUF |
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29302 |
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16720 |
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Deepesh Tibrewala |
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11066 |
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Deepesh Shrikant
HUF |
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12244 |
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Jagdish Prasad
Ramakant HUF |
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100 |
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Total |
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245000 |
As on 30.09.2010
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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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100.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and
Seller of food colors, acid color, cosmetic color etc |
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Products : |
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Brand Names : |
"IDACOL" |
PRODUCTION STATUS (As on 31.03.2009)
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Particulars |
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Unit |
Actual
Production |
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Food, |
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MT |
7066.11 |
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Electricity |
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KWH |
150.58 |
GENERAL INFORMATION
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No. of Employees : |
400 (approximately) |
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Bankers : |
·
Bank
of India, Sion Branch, 29, Amba Bhavan, Laxmi Chowk, sion Circle, Mumbai –
400 022, Maharashtra, India ·
ABN Amro
Bank N.V., ·
The
Hong Kong and Sanghai Banking Corporation Limited, 52/60, ·
Ing
Vysya Bank Limited – Mittal Towers, a-Wing, Ground Floor, 210 Nariman Point,
Mumbai - 400021, |
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Facilities : |
Notes: The facility from
Bank of India for Cash Credit / Book Debts, Foreign Bill Purchased are
secured against stock of Raw Material, Stores, Goods in Process, Finished
Goods, Book Debts, Packing Material, Stores and Spares, Hundies Transport
Receipt and Documents of Title to Goods etc. with all Current Assets of the
Company with collateral security by way of Equitable Mortgage of Factory
Land, Building, Plant and Machinery, and Guarantee of some of the Directors
of the Company. The Facility
from ABN Ambro Bank is against Hypothecian of Stock, Book Debts and Fixed
Assets of the Company in parri passu with other lenders and personal
guarantee of one of Director and his two sons. The Facility
from ABN Ambro Bank is against Wind Mill at Sangli and against the Mortgage
of Roha office at MIDC, Andheri (East), Mumbai and personal guarantee of
Director of one Director and his two sons. The Loans from
Life Insurance Corporation of
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
V S Lalpuria and
company Chartered
Accountants |
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Address : |
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Tel. No.: |
Tel :
91-22-22824932 |
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Pan No.: |
AAAPL7026R |
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Joint Ventures and Subsidiary Company: |
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Associates: |
·
Adhik Chemicals Private Limited ·
Master Mahesh Tibrewala ·
Chemodist Industries ·
New Gujurat Impra Chem Industries ·
Roha Leasing and Financing Limited ·
Eeshan Infosystem Private Limited ·
Anchit Chemicals Private Limited ·
Jagdishprasad Tibrewala Parmarth Kosh ·
Shri Kamal Ispat Udyog Private Limited ·
R.S Global Infotech Private Limited ·
Jagdish Farm Private Limited ·
Filter Machine Private Limited ·
Jagson Intermediates Private Limited ·
Roha Infrastructure Private Limited ·
Indras Agencies Private Limited ·
Vintop Products Private Limited ·
Ideal Cures Private Limited ·
Jagdish Textiles Private Limited ·
Steinmetz Overseas Private Limited ·
Welworth Share and Stock Broking Limited ·
Kanaiya Dyechem Industries ·
Welworth Commodities Private Limited |
CAPITAL STRUCTURE
As on 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.100/- each |
Rs.25.000 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
245000 |
Equity Shares |
Rs.100/-
each |
Rs.24.500
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
24.500 |
24.500 |
22.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2637.342 |
2417.169 |
2298.714 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2661.842 |
2441.669 |
2320.714 |
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LOAN FUNDS |
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1] Secured Loans |
742.525 |
659.681 |
157.585 |
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2] Unsecured Loans |
204.694 |
70.975 |
44.474 |
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TOTAL BORROWING |
947.219 |
730.656 |
202.059 |
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DEFERRED TAX LIABILITIES |
119.274 |
104.876 |
62.014 |
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TOTAL |
3728.335 |
3277.201 |
2584.787 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
734.553 |
704.640 |
801.784 |
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Capital work-in-progress |
64.715 |
57.678 |
17.192 |
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INVESTMENT |
486.640 |
439.880 |
363.609 |
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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 |
316.685
|
259.162
|
288.470
|
|
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Sundry Debtors |
1116.152
|
1113.178
|
1009.849
|
|
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Cash & Bank Balances |
31.311
|
69.221
|
69.348
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
1225.677
|
823.805
|
536.633
|
|
Total
Current Assets |
2689.825
|
2265.366
|
1904.300
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
203.058
|
177.601
|
493.823
|
|
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Other Current Liabilities |
5.382
|
4.269
|
3.066
|
|
|
Provisions |
38.958
|
8.493
|
5.209
|
|
Total
Current Liabilities |
247.398
|
190.363
|
502.098
|
|
|
Net Current Assets |
2442.427
|
2075.003
|
1402.202
|
|
|
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|
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|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
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|
|
|
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TOTAL |
3728.335 |
3277.201 |
2584.787 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SALES |
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|
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Income |
2332.500 |
1881.800 |
1704.735 |
|
|
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Other Income |
90.900 |
81.500 |
51.727 |
|
|
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TOTAL |
2423.400 |
1963.300 |
1756.462 |
|
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
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Administrative Expenses |
|
|
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Advertising Expenses |
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|
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TOTAL |
2073.000 |
1772.100 |
1462.159 |
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PROFIT BEFORE
TAX |
350.400 |
191.200 |
294.303 |
|
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Less |
TAX |
124.500 |
67.200 |
97.948 |
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PROFIT AFTER TAX
|
225.900 |
124.000 |
196.355 |
|
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1842.600 |
1744.200 |
NA |
|
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|
|
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Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
4.900 |
4.900 |
NA |
|
|
|
Tax on Dividend |
0.800 |
0.800 |
NA |
|
|
BALANCE CARRIED TO
THE B/S |
2042.700 |
1842.600 |
NA |
|
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|
|
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|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1729.731 |
1393.641 |
|
|
|
|
Other Earnings |
10.229 |
17.744 |
|
|
|
TOTAL EARNINGS |
1739.960 |
1411.385 |
1300.996 |
|
|
|
|
|
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IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
714.176 |
676.959 |
NA |
|
|
|
Capital Goods |
24.573 |
10.924 |
NA |
|
|
|
Others |
0.186 |
3.826 |
NA |
|
|
TOTAL IMPORTS |
738.935 |
691.709 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1027.00 |
561.00 |
-- |
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Particulars |
|
31.03.2011 |
31.03.2010 |
|
Sales Turnover (approximately) |
|
2780.000 |
2520.000 |
|
|
|
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|
Expected Sales (2011-12) : Rs. 3000.000 Millions
The above information has been parted by Mr. Hasmukh
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
9.32
|
6.32 |
11.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
15.03
|
10.16 |
17.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.24
|
6.44
|
10.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.08
|
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.10
|
0.38
|
0.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
10.87
|
11.90
|
3.79 |
LOCAL AGENCY FURTHER INFORMATION
Business Performance
In the face of an
intense competitive scenario and despite difficult economic conditions, the
company’s business during the year grew in double digits. The company had to
cope with the challenges of severe cost pressures and these were successfully
tackled through active cost reduction programs across the entire organization,
developing alternate sources for raw materials and vendor partnerships.
The profit after
tax for the financial year 2008-09 grew by 23.95 percent at Rs.233.250 millions
as against Rs.1881.800 millions in the previous year.
The company
continued to lay emphasis on cash generation and delivered strong operating
cash flow during the year. The company is pleased with the continued strength
of its Balance Sheet and Cash Flow. This was driven by strong business
performance, efficiencies and cost saving across the organization and a
continued efficient collection system.
Another factor
instrumental for growing the company business was its sharp focus on the four
clearly defined strategic initiatives
namely, getting closer to consumers, the profession and customers, driving
innovation throughout all areas of business; increasing effectiveness and
efficiency everywhere and strengthening the leadership. The benefit of this
focus are not only reflected in the company’s business results during the year
but also on the market share of food color in the world market.
Looking to the
future, the board is confident that the company’s positive business momentum
will continue and enable the company to deliver better results.
Joint Ventures:
In continuation of
the strategy adopted for increasing the company’s globe presence, new joint
venture companies have been formed in
Bankers Charges Report
as per Registry
|
Name of the company |
ROHA DYECHEM
PRIVATE LIMITED |
|
Presented By |
Bank of |
|
1) Date and description of instrument creating the change |
Principal deed of
hypothecation of stocks dated 22.03.1975 for Rs.0.300 million. |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.0.300 million |
|
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 |
All tangible
movable assets of the company, including in particular raw materials and
finished goods, present and future, stored and/or lying in the company’s factory,
godown, whatsoever situated and/or in transit. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Hypothecation of
all assets described in column no. 3 and such other assets as are or may at
any time be in the possession or power of the company to secure a demand cash
credit limit of Rs. 0.300 million, carrying interest @7% OBR minimum @17%
p.a. with quarterly rests or at such other rates, as may be notified to the
company, by the bank from time to time with power to the bank to seize and
realise such assets. |
|
5) Name and Address and description of the person entitled to the charge. |
Bank of India,
Sion Branch, 29, Amba Bhavan, Sion circle, Mumbai - 400022 |
|
6) Date and brief description of instrument modifying the charge |
Supplemental
agreement of hypothecation dated 19.05.2000 |
|
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. |
The bank has grad
to the company additional cash credit
facility of Rs. 1.500 millions making a total limit of Rs. 5.000 millions
against all tangible morable assets to the company including in particular
all stock of raw materials stock in process semi finished goods, finished
goods, present of future wheresoever situated for in transit repayable on
demand with interest 6.75 to O.B.R minimum 16.75 p.a or at by the bank to the
company from time to time. |
|
Corporate
identity number of the company |
U24100MH1972PTC015941 |
|
Name of the
company |
ROHA DYE CHEM
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
|
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
Ing Vysya Bank Limited
– Mittal Towers, a-Wing, Ground Floor, 210 Nariman Point, Mumbai - 400021, E-mail: giridharvvrn@ingvysyabank.com |
|
Nature of
instrument creating charge |
General
Hypothecation Agreement |
|
Date of
instrument Creating the charge |
05.05.2011 |
|
Amount secured by
the charge |
Rs.150.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Terms of Repayment
- PSL/EBRD : Maximum of 180 days. PCL/PCFC(Sub
limit to PSL) : Maximum of 180 days CC(Sub limit to
PSL) : On Demand WCDL(Sub limit to
PSL) : Maximum of 180 days ILC/FLC/LuT(Sub
limit to PSL) : Maximum of 90 days Margin – PSL/EBRD : Nil PCL/PCFC(Sub
limit to PSL) : 20% (of confirmed orders/LC) CC/WCDL(Sub limit
to PSL) : Raw Material 25%, Work in
Progress and Finished goods 30%,
Consumable spares 50%,Book Debts 40% (Book debts upto 90 days to be
considered for computation of drawing power). ILC/FLC/LuT(Sub
limit to PSL) : 10% Extent and
Operation of the charge Subservient
charge on entire current assets of the company. First ranking
pari passu charge on entire movable fixed assets of the company situated at
Office building "Roha Dye Chem",Plot A-44 and A-45, MIDC, Andheri
East), Mumbai-400093. Others – PSL/EBRD :
Rs.150.000 millions Direct Bills(Sub
limit to PSL) : Rs.(105.000) millions Associate
Bills(Sub limit to PSL) : Rs.(75.000) millions PCL/PCFC(Sub
limit to PSL) : Rs.(70.000) millions CC(Sub limit to
PSL) : Rs.(50.000) millions WCDL(Sub limit to
PSL) : Rs.(50.000) millions ILC/FLC/LuT(Sub
limit to PSL) : Rs.(75.000) millions |
|
Short particulars
of the property charged |
Equipment,
vehicles, computers, furniture, fixtures situated at Office building
"Roha Dye Chem", Plot A-44 and A-45,MIDC, Andheri
(East),Mumbai-400093. |
Fixed Assets:
- Plant and Machinery
- Equipments
- Vehicles
- Computer Software
- Storage Tanks
- Land wind mill
- Electrical installation
- Furniture and fixtures
- Data processing equipments
- Laboratory instruments
- Effluent plants
Web Details
Profile
Subject is in the
process of being the No. 1 Synthetic food colour manufacture. Subject is a
global company with its presence in more than 100 countries with offices,
manufacturing facilities and laboratories in 11 countries. ‘Subject is Reliable
Partner’ it believes in developing relationships. World best manufacturing
facilities. Subject has spend millions of $ in upgrading its plants. Its entire
production process is computer controlled, hence untouched by hand. Unique
Packaging process, the most modern. Subject has the widest range of colour
forms. Products conform to UN food and agriculture organization requirements
and regulatory requirements like FDA, EU and WHO Specification and Kosher and
Halal Certifitable products.
Subject Co-operates
regularly with customers to improve and innovate its products and help
customers with providing the state-of-the-art technology in using colours.
Subject sells solutions not just a product. Subject has a product for every
application. Subject believe in learning and educating themselves about its
product on a regular basis to preempt its requirements.
More than 5% of its
turnover is spent on R and D activities. Subject has a combined application
experience of its personnel of over 75 years. Its product development turnover
is one of the largest in the world. The most dust efficient product has been
developed by Roha- Spheroclean team.The leading colour user customers audit its
manufacturing facilities regularly. Subject is most efficient distribution
process and fastest delivery scheduled are maintained by subject.
The fixed assets of
the company of important value include land, freehold land, factory building,
plant and machinery, electrical installations, furniture and fixtures,
equipments, vehicles, storage tanks, effluent plants, laboratory instruments,
data processing equipments, etc.
The company has entered
into a joint venture agreement in
The company is also
reviewing a proposal of setting up a joint venture in
The company’s
products are food, lake and acid colour dyes and intermediates, which include
production of colours which are used for consumption.
Corporate
Subject is the fastest growing manufacturer of Natural and Synthetic
colors, specializing in the Food and Beverage, Paints, Fertilizers, Cosmetics
and Pharmaceutical industries. Through constant progressive ideation, up
gradation and adoption of cutting-edge technologies; they have maintained a
leadership stance in providing innovative solutions and future-ready products
to the ever-widening base of global clients. The endeavor has always been to
continuously invest in ideas and personnel who will propel them towards the
motto: Coloring the Future. A philosophy that they believe will always keep
them ahead, in dynamic and challenging markets globally.
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.44.85 |
|
|
1 |
Rs.73.29 |
|
Euro |
1 |
Rs.64.89 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
62 |
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.