MIRA
INFORM REPORT
|
Report Date : |
07.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
|
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|
|
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Registered
Office : |
KLJ House, 63, Rama Marg, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
18.07.2008 |
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Com. Reg. No.: |
55-181088 |
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|
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Paid Up Capital
: |
Rs. 350.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200DL2008PLC181088 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELK06611D |
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|
PAN No.: [Permanent Account No.] |
AAAFK4651K |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Plasticizers |
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No. of Employees
: |
200 (approximately) |
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 2000000 |
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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. The
company had recorded some accumulated losses in the previous years. However
with some improvement in the financial position, it has been successful in
wiping off those losses. 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 |
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|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
KLJ House, 63, Rama Marg, Najafgarh, New Delhi-110015, |
|
Tel. No.: |
91-11-25415823/ 25442790/ 25412105/ 25459706-07-08 |
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Fax No.: |
91-11-25459709/ 25910215/ 25536264 |
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E-Mail : |
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|
Website : |
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Area : |
750 sq. mtr. (Three Floor) |
|
Location : |
Owned |
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|
Factory : |
Survey No. 98/1, Village |
|
Tel No.: |
91-260-6548914-6/ 6547878/ 2643098/ 2644235 |
|
Fax No.: |
91-260-2643098 |
|
Location : |
Owned |
|
|
|
|
Branch 1 : |
76, Juhu Shopping Centre, 2nd Floor, Gulmohar Cross, 9th
Road, Juhu Scheme, Mumbai-400049, India |
|
Tel. No.: |
91-22-26244948-54 |
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E-Mail : |
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Location : |
Owned |
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Branch 2 : |
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Tel. No.: |
91-33-22823251 |
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E-Mail : |
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Location : |
Owned |
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Branch 3 : |
No. 11, 2nd Floor, |
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Tel. No.: |
91-44-32000815 |
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E-Mail : |
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Location : |
Owned |
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|
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|
Branch 4 : |
102-107, Hotel Ashoka, 50B, Diplomatic Enclave, Chanakya Puri, New Delhi-110002,
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|
Tel. No.: |
91-11-24122880-86 |
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Fax No.: |
91-11-24122887 |
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E-Mail : |
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|
Location : |
Rented |
DIRECTORS
(AS ON 28.09.2010)
|
Name : |
Mr. Pushp Kanhaiya Lal Jain |
|
Designation : |
Managing Director |
|
Address : |
6-B/9, Nea, Old Rajinder Nagar, New Delhi-110060, |
|
Date of Birth/Age : |
27.03.1975 |
|
Date of Appointment : |
18.07.2008 |
|
DIN No.: |
00033289 |
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|
|
|
Name : |
Mr. Kamal Kanhaiya Lal Jain |
|
Designation : |
Director |
|
Address : |
6-B/9, Nea, Old Rajinder Nagar, New Delhi-110060, |
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Date of Birth/Age : |
08.04.1973 |
|
Date of Appointment : |
18.07.2008 |
|
DIN No.: |
00033355 |
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|
|
Name : |
Mrs. Sonali Hemant Jain |
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Designation : |
Director |
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Address : |
6-B/9, Nea, Old Rajinder Nagar, New Delhi-110060, |
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Date of Birth/Age : |
20.07.1974 |
|
Date of Appointment : |
18.07.2008 |
|
DIN No.: |
02141712 |
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|
|
|
Name : |
Mr. Prem Prakash Soni |
|
Designation : |
Director |
|
Address : |
E-3/22, Sector 7, Rohini, |
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Date of Birth/Age : |
10.12.1943 |
|
Date of Appointment : |
09.08.2008 |
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DIN No.: |
02658821 |
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|
|
|
Name : |
Mr. Praveen Sharma |
|
Designation : |
Director |
|
Address : |
K-117, 1st Floor, Kirti Nagar, New Delhi-110015, |
|
Date of Birth/Age : |
13.09.1965 |
|
Date of Appointment : |
09.08.2008 |
|
DIN No.: |
00023289 |
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|
|
|
Name : |
Mr. Jagdish Nanikram Shahani |
|
Designation : |
Additional Director |
|
Address : |
A-73, Varsha Building, 4t Floor, Gulmohar Cross Road, JVPD Scheme,
Vile Parle-W, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
13.04.1947 |
|
Date of Appointment : |
31.01.2011 |
|
DIN No.: |
01647209 |
KEY EXECUTIVES
|
Name : |
Mrs. Radha Krishna Agarwala |
|
Designation : |
Company Secretary |
|
Address : |
359, Niligiri Apartments, Alaknanda, New Delhi-110019, |
|
Date of Birth/Age : |
15.06.1937 |
|
Date of Appointment : |
01.04.2009 |
|
Pan No.: |
AACPA6471D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
Pushp Jain |
|
14000000 |
|
Neetu Jain |
|
1400 |
|
Sushila Jain |
|
1400 |
|
Kamal Jain |
|
14000000 |
|
Sonali Jain |
|
6994400 |
|
Shashi Katyal |
|
1400 |
|
Kanak Mal Kothari |
|
1400 |
|
Total |
|
35000000 |
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Plasticizers |
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Products : |
·
Phthalate ·
Maleate ·
Speciality ·
Phosphate ·
Chlorinated ·
Paraffins(CP) ·
Sulpho Chloro Paraffin ·
Polymer and Engineering Compounds(PVC) Compounds ·
TPR and TPE Compounds ·
XLPE Compounds ·
Polypropline Compouns ·
Anti Fibrilation Master Batches ·
EVA Compounds |
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Brand Names : |
“K L J” |
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Exports : |
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Products : |
·
Plasticizers |
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Countries : |
·
·
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Imports : |
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Products : |
Raw material |
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Countries : |
·
·
·
·
·
·
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Terms : |
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Selling : |
L/C, Credit and Cash (30 days) |
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Purchasing : |
L/C, Credit and Cash (30 days) |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Installed Capacity |
Actual Production |
|
|
|
|
|
Plasticizers |
75000 MT/PA |
53512 MT |
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|
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GENERAL INFORMATION
|
Suppliers : |
NOSIL |
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Customers : |
Wholesalers, Retailers, OEM’s and End Users ·
Plaza Cable-Delhi ·
Surya Cable-Delhi ·
Indo Cable-Delhi ·
Blow Plast-Mumbai ·
National-Mumbai |
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No. of Employees : |
200 (approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Nahata Jain Golchha and Company Chartered Accountant |
|
Address : |
4378, Murari Lal street, 4-B, Ansari Road,
Darya Ganj, New Delhi – 110002, Delhi,
India |
|
Tel. No.: |
91-11-64514061/23275314 |
|
Email : |
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|
Pan No.: |
AAEFN8137H |
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|
|
Associates : |
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CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Rs.10/- each |
Rs.350.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Rs.10/- each |
Rs.350.000 Millions |
|
|
|
|
|
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 |
|
350.000 |
250.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
217.505 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
(68.101) |
|
|
NETWORTH |
|
567.505 |
181.899 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
96.209 |
108.154 |
|
|
2] Unsecured Loans |
|
126.851 |
274.600 |
|
|
TOTAL BORROWING |
|
223.060 |
382.754 |
|
|
DEFERRED TAX LIABILITIES |
|
0.447 |
0.312 |
|
|
|
|
|
|
|
|
TOTAL |
|
791.012 |
564.965 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
85.036 |
74.019 |
|
|
Capital work-in-progress |
|
0.000 |
0.364 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
81.660 |
109.495 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
456.706 |
310.227 |
|
|
Sundry Debtors |
|
531.666 |
395.142 |
|
|
Cash & Bank Balances |
|
100.590 |
103.063 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
548.178 |
241.683 |
|
Total
Current Assets |
|
1637.140 |
1050.115 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
809.138 |
633.092 |
|
|
Other Current Liabilities |
|
63.713 |
15.896 |
|
|
Provisions |
|
141.013 |
21.427 |
|
Total
Current Liabilities |
|
1013.864 |
670.415 |
|
|
Net Current Assets |
|
623.276 |
379.700 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
1.040 |
1.387 |
|
|
|
|
|
|
|
|
TOTAL |
|
791.012 |
564.965 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
4337.303 |
4013.812 |
|
|
|
Other Income |
|
37.337 |
49.896 |
|
|
|
Excise Duty |
|
0.511 |
66.506 |
|
|
|
TOTAL (A) |
|
4375.151 |
4130.214 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
|
3679.902 |
3996.068 |
|
|
|
Selling and Distribution Expenses |
|
38.180 |
26.534 |
|
|
|
Increase/(Decrease) in Inventory |
|
17.987 |
(6.542) |
|
|
|
Manufacturing and Other Expenses |
|
178.106 |
149.334 |
|
|
|
Preliminary Expenses W/Off |
|
0.347 |
0.347 |
|
|
|
TOTAL (B) |
|
3914.522 |
4165.741 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
460.629 |
(35.527) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
45.142 |
22.913 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
415.487 |
(58.440) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
10.941 |
8.813 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
404.546 |
(67.253) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
118.939 |
0.848 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
285.607 |
(68.101) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(68.101) |
-- |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
217.506 |
(68.101) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
606.400 |
349.100 |
|
|
TOTAL EARNINGS |
|
606.400 |
349.100 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
2142.000 |
2156.200 |
|
|
TOTAL IMPORTS |
|
2142.000 |
2156.200 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
8.16 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
6.53 |
(1.65) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
9.33 |
(1.67) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
23.49 |
(5.98) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.71 |
(0.37) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
2.18 |
5.78 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.61 |
1.57 |
LOCAL AGENCY FURTHER INFORMATION
BACKGROUND:
Subject was incorporated on 18.07.2008 and certified of commencement of
Business was issued on 08.08.2008.
Subject was incorporated on 18.07.2008 as Joint Stock Company by conversion
(under Part IX of the companies act, 1956) of the existing partnership firm
company within the meaning of the term as defined by section 566 of the said
act. The partners of the erstwhile firm executed a Settlement Deed on 1st
April, 2008 wherein it was resolved to convert the existing firm into a joint
stock company which will be vested and shall takeover all the assets and
liabilities, receivable and payables of the firm as a going concern w.e.f. the
settlement date. The existing partners of the firm as on 1st April,
2008 having defended the capital into stock of shares acted in dual capacity to
become the first shareholders of the newly incorporated company in the ratio of
their capital.
Consequent upon the incorporation of the company viz subject all the
assets and liabilities of the firm business were recorded in the books of the
company at book valuers. The fixed stock of capital was converted into shares
capital of the newly incorporated company and the existing partners became
directors to carry out the business of the company as part of the same
management.
OPERATION:
Subject is a part of KLJ Group of Industries who is the largest
manufacture and market leader in plasticizers in
FUTURE PLANS:
The company has been constantly concentrating on consolidation,
expansion on improving the existing products and developing new products.
Contingent
Liabilities: (As On 31.03.2010)
a)
Company has given bank guarantee of Rs. 1.250
million
b)
Net outstanding LC’s with Bank Rs. 150.700 millions
Form 8
|
Corporate
identity number of the company |
U25200DL2008PLC181088 |
|
Name of the
company |
KLJ Plasticizers
Limited |
|
Address of the
registered office or of the principal place of business in |
KLJ House, 63,
Rama Marg, Najafgarh Road, New Delhi-110015, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book Debts Movable Property Floating Charge Immovable
Property Current and Fixed
assets |
|
Particular of
charge holder |
State Bank of Commercial Branch, A-5, South Extension Part-I, E-mail : sanjuprofessional@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
C2-A ( Supplemental
Agreement of Hypothecation of goods and Assets for Increase in the overall
limit) C-5 ( Letter
regarding The grant of individual limits within the overall limit ) Copy of recital |
|
Date of
instrument Creating the charge |
01.10.2010 |
|
Amount secured by
the charge |
Rs.1680.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
– CC:-3.75% over Base Rate , Export
Credit :-1.50% above Base Rate or such other rate(s) specified by the Bank
from time to time . Terms of
Repayment – Working Capital on demand Margin - Stocks
and Book-debts -25% LC -(10% up to
Rs.950.000 Millions and 5% beyond Rs.950.000 Millions ) EPC-25 FBP- Nil Extent and Operation
of the charge - 100% First exclusive charge over all the current and fixed
assets Others Facilities :-Cash
credit ( Stocks and Book-debts ) Rs.250.000 Millions ( With full
interchangeability FB to NFB) EPC/FBD/FBP
Rs.(80.000) Millions LC/Buyers credit
Rs.1400.000 Millions Forward Contracts
Rs.20.000 Millions Bank Guarantee
Rs.10.000 Millions (with one way interchangeability of a maximum of Rs.50.000
Millions LC to BG ) Total Rs.1680.000
Millions |
|
Short particulars
of the property charged |
Hypothecation of
stocks of raw-materials , stores, and spares , stock in process , finished
goods including goods in transit , book-debts /receivables foreign bills and
charge on all the current assets of the company both present and future .
First charge over the entire present and future fixed assets of the company
including equitable mortgage of factory land and Building situated at Survey
No. 98/1/1 , Village Silli,Silvassa U.T.of Dadra and Nagar Haveli measuring
13000 sq. mtrs together with all present
and future infrastructures thereon . |
|
Particulars of
the present modification |
Working Capital
facilities sanctioned to the company now enhanced to Rs.1680.000 Millions. |
Fixed Assets:
· Land
· Buildings
· Plant And Machine
· Weigh Machine
· Pumps And Motors
· Cycle
· Cars
· Computers
· Electric Fittings
· Storage Tanks
· Crane
· Fans
· Water Treatment Plant
· Insulation
· Scooters
· Tempo
· Office Equipments
· Transformers
· Utensils
· Satellite system
· Distillation unit
· Nitrogen gas gen set
website details
ABOUT COMPANY
Subject was partnership concern and from 18.07.2008 it has been changed
to Limited Company.
Subject is the largest manufacturer and market leader of Plasticizers in
milestones:
1967
- Kundalia Industries made a humble
beginning from PVC compounds in
1985
- Kundalia
Industries commenced manufacturing Phthalate Plasticizers (9,000 tpa).
Later shifted to KLJ Plasticizers Limited
1990
- KLJ
Polymers and Chemicals Limited commenced manufacturing Phthalate
Plasticizers (8,000 tpa) in Silvassa, which was later modified to
manufacture Specialty Plasticizers
1996
- KLJ
Organic Limited commenced manufacturing Chlorinated Paraffins (50,000 tpa
currently) in Bharuch.
1997
-
- KLJ
Plasticizers Limited, commenced manufacturing Phthalate Plasticizers
(84,000 tpa currently) in Silvassa.
1998
·
Silvassa
Plast, Multi-Product Plasticizer plant (30,000 tpa currently) in Silvassa.
·
KLJ
Pollyalloys expanded Group's PVC Compounding activities at Silvassa (25,000 tpa
currently).
2001
- KLJ
Organic Limited started Flame Retardant Plasticizers (3,600 tpa
currently).
2004
·
KLJ
Polymers and Chemicals Limited (Unit-II), diversified into TPR, EVA, PP, Anti-Fab,
XLPE compounds, etc.(35,000 tpa currently) bringing KLJ among the top Indian
Polymer Compounders with a capacity of about 60,000 tpa.
·
Ganga
Udyog Private Limited commenced manufacturing Plasticizers in
2005
- With
a formidable reputation in Chemical and Plastic processing industry, KLJ
group takes a long step forward for building excellence in real estate
projects. We are poised towards greater heights in creating perfect destination
for trade and business.
2008
- KLJ
Organic (
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.44.78 |
|
|
1 |
Rs.73.42 |
|
Euro |
1 |
Rs.65.27 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
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.