BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
EXPANDED POLYMER SYSTEMS PRIVATE LIMITED |
Principal Name 1 |
MR. MUKESH S. BHUTA |
|
Status |
MODERATE |
Principal Name 2 |
DR. VAMAN J. MEHTA |
|
|
|
Registration # |
11-175657 |
|
Street Address |
C – 44/1 AND 2, C – 45/3, TTC AREA, PAWNE MIDC, VASHI, NAVI MUMBAI –
400705, |
||
|
Established Date |
02.11.2007 |
SIC Code |
-- |
|
Telephone# |
91-22-27670838 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-22-27671065 |
Business Style 2 |
EXPORTER |
|
Homepage |
Product Name 1 |
CHEMICALS |
|
|
# of employees |
80 |
Product Name 2 |
-- |
|
Paid up capital |
Rs.100,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS-100% |
Banking |
BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
4 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
ASSOCIATES ENTERPRISES |
-- |
SHANTILAL AND COMPANY PRIVATE LIMITED |
-- |
|
Note |
--
|
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
375,267,000
|
Current Liabilities |
210,920,000
|
|
Inventories |
101,097,000
|
Long-term Liabilities |
420,067,000 |
|
Fixed Assets |
316,897,000 |
Other Liabilities |
22,334,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
653,321,000 |
|
Invest& other Assets |
333,000 |
Retained Earnings |
40,273,000 |
|
|
|
Net Worth |
140,273,000 |
|
Total Assets |
793,594,000 |
Total Liab. & Equity |
793,594,000 |
|
Total Assets (Previous Year) |
641,575,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Total Income |
1,160,689,000 |
Net Profit |
31,909,000 |
|
Total Income (Previous
yr) |
926,544,000 |
Net Profit(Prev.yr) |
12,068,000 |
MIRA
INFORM REPORT
|
Report Date : |
12.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
EXPANDED POLYMER SYSTEMS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
EXPANDED INCORPORATION |
|
|
|
|
Registered
Office : |
C – 44/1 and 2, C – 45/3, TTC Area, Pawne MIDC, Vashi, Navi Mumbai –
400705, |
|
|
|
|
Country : |
|
|
|
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Financials (as
on) : |
31.03.2010 |
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|
|
|
Date of
Incorporation : |
02.11.2007 |
|
|
|
|
Com. Reg. No.: |
11-175657 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.100.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24134MH2007PTC175657 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME00833 A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAFE0142M |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Importer, Exporter and Marketing Agents, Chemicals. |
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|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 561000 |
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|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but Correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is a relatively new company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings with some caution.
|
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. Hemant Pandya |
|
Designation : |
Manager |
LOCATIONS
|
Registered Office : |
C – 44/1 and 2, C – 45/3, TTC Area, Pawne MIDC, Vashi, Navi Mumbai –
400705, Maharashtra, India |
|
Tel. No.: |
91-22-27670838 / 27670839 / 27680303 / 27680404 |
|
Fax No.: |
91-22-27671065 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 28.09.2010
|
Name : |
Mr. Mukesh S. Bhuta |
|
Designation : |
Managing Director |
|
Address : |
1101, Alaknanda CHS Limited, 7th |
|
Date of Birth/Age : |
12.08.1953 |
|
Qualification : |
Science Graduate, B.E. Tech |
|
Date of Appointment : |
01.08.2009 |
|
|
|
|
Name : |
Dr. Vaman J. Mehta |
|
Designation : |
Director |
|
Address : |
24, Garodia Palace, 198, Garodia Nagar, Ghatkopar (East), Mumbai – 400
077, |
|
Date of Birth/Age : |
08.01.1934 |
|
Date of Appointment : |
02.11.2007 |
|
|
|
|
Name : |
Mr. Ajit Shantilal Bhuta |
|
Designation : |
Director |
|
Address : |
1101, Alaknanda CHS Limited, 7th |
|
Date of Birth/Age : |
12.03.1951 |
|
Date of Appointment : |
02.11.2007 |
|
|
|
|
Name : |
Mr. Chandulal K. Shah |
|
Designation : |
Director |
|
Address : |
64/A, Manju Niketan, Opposite Topiwala Cinema, Topiwala Compound, S.V.
Road, Goregaon (West), Mumbai – 400 062, Maharashtra, India |
|
Date of Birth/Age : |
07.09.1941 |
|
Date of Appointment : |
29.09.2008 |
|
|
|
|
Name : |
Mr. Sandesh Kumar Anand |
|
Designation : |
Director |
|
Address : |
A/17, Chanakypuri, New |
|
Date of Birth/Age : |
10.12.1942 |
|
Date of Appointment : |
29.09.2009 |
KEY EXECUTIVES
|
Name : |
Mr. Hemant Pandya |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Mukesh S. Bhuta |
|
8000000 |
|
Vaman J. Mehta |
|
800000 |
|
Jayshree Ajit Bhuta |
|
250000 |
|
Ajit Shantilal Bhuta |
|
250000 |
|
Harsh Vaman Mehta |
|
100000 |
|
Medha Mukesh Bhuta |
|
500000 |
|
Hema C. Shah, Dr. Vaman J Mehta |
|
100000 |
|
Total
|
|
10000000 |
As on 28.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer, Exporter and Marketing Agents, Chemicals. |
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Products : |
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Exports : |
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Countries : |
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Imports : |
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Products : |
Chemicals |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash, Credit |
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Purchasing : |
L/C, Cash, Credit |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
|
Installed
Capacity |
Actual
Production |
|
Polyols |
MT |
|
17000 |
9993 |
|
|
|
|
|
|
GENERAL INFORMATION
|
Customers : |
|
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No. of Employees : |
80 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
C.M. Gabhawala and Company Chartered Accountants |
|
Address : |
42, Nanik Nivas, 30 Dr. D.D. Sathe Marg, Girgaum, Mumbai – 400 004, |
|
Tel. No.: |
91-22-23880101 / 23823923 |
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Fax No.: |
91-22-23850931 |
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E-Mail : |
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Memberships : |
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Associates Enterprises : |
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CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
02.11.2007 to
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
100.000 |
100.000 |
100.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
40.273 |
14.194 |
4.465 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
140.273 |
114.194 |
104.465 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
308.791 |
231.861 |
137.600 |
|
|
2] Unsecured Loans |
111.276 |
109.724 |
106.642 |
|
|
TOTAL BORROWING |
420.067 |
341.585 |
244.242 |
|
|
DEFERRED TAX LIABILITIES |
3.600 |
2.050 |
0.550 |
|
|
|
|
|
|
|
|
TOTAL |
563.940 |
457.829 |
349.257 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
316.897 |
113.312 |
114.598 |
|
|
Capital work-in-progress |
0.000 |
125.933 |
24.351 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
101.097
|
85.146
|
95.574 |
|
|
Sundry Debtors |
244.254
|
276.339
|
236.928 |
|
|
Cash & Bank Balances |
60.787
|
26.254
|
22.232 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
70.226
|
14.092
|
9.226 |
|
Total
Current Assets |
476.364
|
401.831
|
363.960 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
209.567
|
0.000
|
0.000 |
|
|
Other Current Liabilities |
1.353
|
174.706
|
147.154 |
|
|
Provisions |
18.734
|
9.040
|
7.164 |
|
Total
Current Liabilities |
229.654
|
183.746
|
154.318 |
|
|
Net Current Assets |
246.710
|
218.085
|
209.642 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.333 |
0.499 |
0.666 |
|
|
|
|
|
|
|
|
TOTAL |
563.940 |
457.829 |
349.257 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
02.11.2007 to
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
1160.689 |
926.544 |
364.905 |
|
|
|
Other Income |
|
|
7.360 |
|
|
|
TOTAL (A) |
1160.689 |
926.544 |
372.265 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Raw Material Consumed |
1120.330 |
906.275 |
297.057 |
|
|
|
Manufacturing and Other Expenses |
|
|
15.351 |
|
|
|
Payment to and provision for Employees |
|
|
16.826 |
|
|
|
General, Administrative and Selling
Expenses |
|
|
16.880 |
|
|
|
TOTAL (B) |
1120.330 (including
financial expenses and depreciation) |
906.275 (including
financial expenses and depreciation) |
346.114 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
26.151 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
12.878 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
13.273 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
2.483 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
40.359 |
20.269 |
10.790 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.450 |
7.661 |
3.985 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
31.909 |
12.068 |
6.805 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
NA |
0.500 |
|
|
|
Dividend |
NA |
NA |
2.000 |
|
|
|
Tax on Dividend |
NA |
NA |
0.339 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
3.966 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales |
29.398 |
50.128 |
NA |
|
|
|
Commission Received |
5.074 |
28.811 |
NA |
|
|
TOTAL EARNINGS |
34.472 |
78.939 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
575.349 |
446.057 |
NA |
|
|
|
Stores & Spares |
5.125 |
12.228 |
NA |
|
|
TOTAL IMPORTS |
580.474 |
458.285 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.19 |
1.21 |
1.64 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
02.11.2007 to
31.03.2008 |
|
PAT / Total Income |
(%) |
2.75
|
1.30 |
1.83 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
2.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.09
|
3.93 |
2.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.18 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.63
|
4.62 |
3.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.07
|
2.19 |
2.36 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Corporate
identity number of the company |
U24134MH2007PTC175657 |
|
Name of the
company |
EXPANDED POLYMER SYSTEMS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
C – 44/1 and 2, C – 45/3, TTC Area, Pawne MIDC, Vashi, Navi Mumbai –
400705, Maharashtra, India E-Mail: admin@expanded.co.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
Bank of |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of Term
Loan And Hypothecation of Movable Assets/Goods/Property/Plant and Machinery |
|
Date of
instrument Creating the charge |
31/07/2010 |
|
Amount secured by
the charge |
Rs.75.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 12% per annum
with monthly rests or at such other rate/rates as may be notified by the Bank
to the Borrower from time to time Terms of
Repayment: Term of Rs.75.000
millions shall be repayable as under: Term Loan of Rs.30.000
millions shall be repayable in 84 Equated Monthly installments of Rs.0.375
million each and Term Loan of Rs.45.000 millions shall be repayable in 84
Equated Monthly installments of Rs.0.536 million each at last day of every
month commencing from 6 month after first disbursement. Margin: As per sanction
terms. Extent and
Operation of the charge: To secure various
Term Loan facility of Rs.75.000 millions granted by the Bank to the Company. |
|
Short particulars
of the property charged |
The Borrower doth
hereby Hypothecates and Charges by way of First Charge to and in favour of
the Bank: All Movable Assets/Goods/Property/Plant and Machinery together with
all Accessories, Stores and Spares relating thereto, now belonging or
hereafter to belong to the Borrower (both present and future) and whether
installed or not and whether lying loose or in cases or which may at any time
hereafter during the continuance of this security be installed or lying
whether loose or in cases, or being in or upon or about the Borrower's
factory buildings or other premises and godowns at Dahej and Vashi or wherever else the same
may be or held by any party anywhere to the order and disposition of the
Borrower or in course of transit to the Borrower |
|
Corporate identity
number of the company |
U24134MH2007PTC175657 |
|
Name of the
company |
EXPANDED POLYMERS SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C – 44/1 and 2, C – 45/3, TTC Area, Pawne MIDC, Vashi, Navi Mumbai –
400705, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
Bank of Address: Desai Niwas, |
|
Nature of
instrument creating charge |
Agreement of Hypothecation
For Consumer Loan in Respect of Vehicles |
|
Date of
instrument Creating the charge |
03.11.2009 |
|
Amount secured by
the charge |
Rs. 0.349 million
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 3.50% p.a. below
BPLR rate with minimum of 8.50% p.a.
with monthly rests Terms of repayment Loan of Rs.0.349
million shall be repayable in 36 EMI of Rs.0.011 million commencing from
December 2009. Margin 25% Extent and operation of the charge To secure Vehicle
Loan facility of Rs.0.349 million granted by the Bank under Star Auto fin
Scheme to the Company. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation by way
of first charge of Maruti RITZ LXI (M) Vehicle |
CONTINGENT LIABILITIES: (AS ON 31.03.2010)
The contingent liabilities not provided for are summarized below:
(i) Letter of credit issued by banks on behalf of the company Rs.140.723 millions
(ii) Guarantee given by the banks on behalf of the company Rs.0.300 million
(iii) Bills drawn on customers and discounted with Banks Rs.25.316 millions
FIXED ASSETS:
·
Land
·
Factory Buildings
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Vehicles
·
Computers
·
Technical Knowhow
·
Software
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.44.69 |
|
|
1 |
Rs.73.12 |
|
Euro |
1 |
Rs.64.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.