MIRA
INFORM REPORT
|
Report Date : |
12.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
DOW CHEMICALS INTERNATIONAL PRIVATE LIMITED (w.e.f. 13.02.1998) |
|
|
|
|
Formerly Known As : |
DOW ( |
|
|
|
|
Registered Office : |
Corporate Park, Unit No.1, V. N. Purav Marg, Chembur, Mumbai – 400
071, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
13.02.1998 |
|
|
|
|
Com. Reg. No.: |
11-113551 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs. 27.614 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U24239MH1998PTC113551 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMD10067B |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACD4467B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Trader of Chemicals (Solid, Liquid and Gaseous),
Chemical Compound and Chemical Products. |
|
|
|
|
No. of Employees : |
450 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 9999000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established an 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 / Head Office : |
Corporate Park, Unit No.1, V. N. Purav Marg, Chembur, Mumbai – 400
071, |
|
Tel. No.: |
91-22-25245830 |
|
Fax No.: |
91-22-25246390 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
P U System House : |
Plot No.8-A/1/2, |
|
Tel. No. : |
91-22-67934900 |
|
Fax No.: |
91-22-27602532 |
|
|
|
|
Corporate Office: |
G-block, C/62, 2nd Floor, Vibgyor
Towers, Bandra Kurla Complex, Bandra (E), Mumbai – 400051, Maharasahtra,
India |
|
Tel. No.: |
91-22-67832300 |
|
Fax No.: |
91-22-26525691 |
|
|
|
|
|
C/O Tata Consultancy Services Ltd., Kensington B Wing, 13th
Floor, Phase III, |
|
Tel. No. : |
91-22-67323000 |
|
Fax No.: |
91-22-67327362 |
|
|
|
|
Commercial Office: |
HCC 247 Park, 2nd Floor, Tower B
(Hincon House), |
|
Tel. No. : |
91-22-66028888 |
|
Fax No.: |
91-22-66028868 |
|
|
|
|
Dow Advanced Materials – Manufacturing: |
Plot No. T-22/PT, MIDC, Taloja
Industrial Area, Raigad District, Taloja 410 208, |
|
Tel. No. : |
91-22-67315555 |
|
Fax No.: |
91-22-67315569 |
|
|
|
|
Corporate Office: |
Unit No. 9, 1st Floor, Sakhi House, Corporate Park, V. N. Purav Marg, Chembur, Mumbai 400 071, Maharasahtra, India. |
|
Tel. No.: |
91-22-67985700 |
|
Fax No.: |
91-22-67985739 |
|
Website : |
DIRECTORS
As on 17.09.2010
|
Name : |
Mr. Ramesh Ramchandran |
|
Designation : |
Managing Director |
|
Address : |
112 and 113, Narain Terrace, |
|
Date of Birth/Age : |
20.08.1959 |
|
Qualification : |
Chemical Engineer |
|
Date of Appointment : |
18.02.2008 |
|
DIN No.: |
02040593 |
|
|
|
|
Name : |
Mrs. Ramolla T. Karnani |
|
Designation : |
Director |
|
Address : |
701 – 702, Anant Basera, S S Patkar Mahavidhyalaya Marg, Off S V Road,
Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
11.08.1959 |
|
Date of Appointment : |
29.07.2004 |
|
DIN No.: |
00174531 |
|
|
|
|
Name : |
Mr. Sean Edward Reagan
|
|
Designation : |
Director |
|
Address : |
Kishore Vihar, Ground Floor, |
|
Date of Birth/Age : |
18.06.1967 |
|
Date of Appointment : |
18.02.2008 |
|
DIN No.: |
01490812 |
|
|
|
|
Name : |
Mr. Chandrakant Nayak |
|
Designation : |
Director |
|
Address : |
C – 31/266 MIG Colony, Gandhi Nagar, Bandra, Mumbai – 400051, |
|
Date of Birth/Age : |
09.08.1966 |
|
Date of Appointment : |
26.11.2006 |
|
DIN No.: |
00680762 |
|
|
|
|
Name : |
Mr. Mahesh Narayanan Gopalasamudram |
|
Designation : |
Director |
|
Address : |
6-B, Bay House, Godrej Eden Woods, Off. |
|
Date of Birth/Age : |
03.05.1971 |
|
Date of Appointment : |
30.11.2009 |
|
DIN No.: |
02835208 |
|
|
|
|
Name : |
Mr. Harish Badami |
|
Designation : |
Managing Director |
|
Address : |
1602, 16th Floor, |
|
Date of Birth/Age : |
18.02.1962 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
02298385 |
|
|
|
|
Name : |
Mr. Mahesh Narayanan Gopalasamudram |
|
Designation : |
Additional Director |
|
Address : |
6B Bay House, Godrej Eden Woods, |
|
Date of Birth/Age : |
03.05.1971 |
|
Date of Appointment : |
30.11.2009 |
|
DIN No.: |
02835208 |
KEY EXECUTIVES
|
Name : |
Mrs. Ramolla T. Karnani |
|
Designation : |
Secretary |
|
Address : |
701 – 702, Anant Basera, S S Patkar Mahavidhyalaya Marg, Off S V Road,
Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
11.08.1959 |
|
Date of Appointment : |
01.06.2001 |
|
PAN.: |
AAEPK7929A |
|
|
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 17.09.2010
|
Names of Shareholders |
No. of Shares |
|
Dow Chemical Pacific ( |
2761420 |
|
Dow Chemical Pacific ( |
20 |
|
Total |
2761440 |
As on 17.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Chemicals (Solid, Liquid and Gaseous),
Chemical Compound and Chemical Products. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
PRODUCTION STATUS (As on 31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Polyurechane Systems |
MT |
15000 |
15000 |
13764 |
|
Cross Lonkers |
MT |
500 |
500 |
-- |
·
Includes internally
consumed 660 MT
GENERAL INFORMATION
|
No. of Employees : |
450 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
v
CITI Bank Fort, Mumbai, v
Bank
of 16th
Floor, |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
12, |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679025 |
|
PAN.: |
AACFD4815A |
|
|
|
|
Holding Company
: |
v
Dow Chemical Pacific ( |
|
|
|
|
Ultimate Holding
Company : |
v
The Dow Chemical Company, |
|
|
|
|
Subsidiaries : |
v
ANGUS Chemical Company v
Angus Chemie Gmbh v
Dcomco v
Dcomco Inc v
Dow Agrosciences India Private Limited v
Dow Agrosciences L L C v
Dow Agrosciences Southern v
Dow Agrosciencen Switzerland S.A. v
Dow v
Dow v
Dow Brasil Sa v
Dow Brasil Sudeste Industrial Limited v
Dow Chemical ( v
Dow Chemical ( v
Dow Chemical ( v
Dow Chemical ( v
Dow Chemical ( v
Dow Chemical ( v
Dow Chemical (Thangjiagang) Company Limited v
Dow Chemical v
Dow Chemical Tberica S.L. v
Dow Chemical Imea Gmbh v
Dow Chemical International Limited v
Dow Chemical Japan Limited v
Dow Chemical Korea Limited v
Dow Chemical Pacific Limited, Hongkong v
Dow Chemical Taiwan Limited v
Dow Chemical Thailand Limited v
Dow Deusschland Anlagengesells Chaft Mbh v
Dow Deusschland Gmbh and Company Ohg v
Dow Deutschland Inc. v
Dow Engineering Company v
Dow v
Dow v
Dow International Holdings S.A. v
Dow International Technology Corporation v
Dow ltalia Divisione Commerciale S.R.L v
Dow Italia S.R.L, v
Dow v
Dow Olefinverbund Gmbh v
Dow Plastics v
Dow v
Dow Quimics Argentina S.A. v
Dow Southern v
Dow Ssade Produktions GmbH and Company. OHG v
Dow Thrkiye Kimys Sanayi Veticaret Limited Sti v
Filmtec Corporation v
Global Industrial Corporation v
Hampshire Chemical Corporation. v
Lg Dow Polycarbonate Limited v
MEGlobal International IiZE v
Pt Dow Chemical v
Rohm and Haas Chemicals LLC v
Rohm and Ham ( v
Siam Polyethylene Company Limited v
Siam Synthetic Latex Company Limited v
Styron ( v
Ucar Emulsion Systems Fze v
Ucar Pipeline Incorporated v
Zhejiang Pacific Chemical Corporation |
|
|
v
|
CAPITAL STRUCTURE
As on 17.09.2010
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 |
|
2761440 |
Equity Shares |
Rs.10/- each |
Rs. 27.614 millions |
Notes:
(Of the above shares:
- 2761420 Equity shares of Rs. 10/- each are held by the holding
company, Dow Chemical Pacific (
- 20 Equity Shares of Rs. 10/- each are held by Dow Chemical Singapore
Private Limited
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
27.614 |
27.614 |
27.614 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2472.348 |
1802.799 |
1342.699 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2499.962 |
1830.413 |
1370.313 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.155 |
1.264 |
|
|
2] Unsecured Loans |
1500.000 |
1350.000 |
1190.000 |
|
|
TOTAL BORROWING |
1500.000 |
1350.155 |
1191.264 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
11.067 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3999.962 |
3191.635 |
2561.577 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1810.694 |
2055.963 |
1312.434 |
|
|
Capital work-in-progress |
614.590 |
631.944 |
987.413 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
33.343 |
0.000 |
25.480 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2313.414
|
2084.219
|
1324.086
|
|
|
Sundry Debtors |
2526.087
|
2303.553
|
1383.126
|
|
|
Cash & Bank Balances |
1656.354
|
328.183
|
95.543
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
1255.586
|
1100.847
|
1282.612
|
|
Total
Current Assets |
7751.441
|
5816.802
|
4085.367
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5863.888
|
5061.861
|
3286.152
|
|
|
Other Liabilities |
116.748
|
191.007
|
353.856
|
|
|
Provisions |
229.470
|
60.206
|
209.109
|
|
Total
Current Liabilities |
6210.106
|
5313.074
|
3849.117
|
|
|
Net Current Assets |
1541.335
|
503.728
|
236.250
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3999.962 |
3191.635 |
2561.577 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7864.022 |
4250.144 |
3568.405 |
|
|
|
Other Income |
2936.222 |
3324.772 |
2480.386 |
|
|
|
TOTAL (A) |
10800.244 |
7574.916 |
6048.791 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase in stock of finished and traded goods |
(138.252) |
|
|
|
|
|
Raw Material Consumed |
1087.210 |
265.527 |
|
|
|
|
Purchase of Traded Goods |
5494.515 |
3987.689 |
|
|
|
|
Administrative and Operating Expenses |
3124.266 |
2873.976 |
|
|
|
|
Excise Duty |
2.726 |
10.428 |
|
|
|
|
TOTAL (B) |
9570.465 |
6554.211 |
5194.656 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1229.779 |
1020.705 |
854.135 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
124.196 |
180.791 |
73.277 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1105.583 |
839.914 |
780.858 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
316.445 |
203.340 |
84.080 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
789.138 |
636.574 |
696.778 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
203.091 |
147.547 |
248.375 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
586.047 |
489.027 |
448.403 |
|
|
|
|
|
|
|
|
|
Add |
SHORT PROVISION
FOR TAX IN RESPECT OF EARLIER YEARS (NET) |
83.501 |
(28.927) |
(99.532) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1617.799 |
1202.699 |
853.830 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
45.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
2287.347 |
1617.799 |
1202.699 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
196.322 |
57.150 |
0.000 |
|
|
|
Commission |
363.437 |
451.795 |
432.584 |
|
|
|
Corporate Support Services Income |
2483.339 |
2660.102 |
1971.780 |
|
|
|
Others |
109.091 |
122.764 |
38.989 |
|
|
TOTAL EARNINGS |
3152.189 |
3291.811 |
2443.353 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1137.192 |
311.650 |
84.544 |
|
|
|
Purchase of Traded Goods |
3899.246 |
3783.473 |
2295.277 |
|
|
|
Capital goods |
21.704 |
98.935 |
617.031 |
|
|
TOTAL IMPORTS |
5058.142 |
4194.058 |
2996.852 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
242.46 |
166.62 |
126.34 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.42
|
6.46
|
7.41
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.03
|
14.98
|
19.53
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.25
|
8.08
|
12.91
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.35
|
0.51
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.08
|
3.64
|
3.77
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25
|
1.09
|
1.06
|
LOCAL AGENCY FURTHER INFORMATION
Financial
Performance:
During the year, the company has delivered an impressive performance, with sales at Rs. 7864.000 Millions registering an increase of 85% as compared to Rs. 4250.000 Millions in the Previous Year. The Profit after tax at Rs. 586.000 Millions has increased by about 20% despite the steep increase in cost of raw materials.
CONTINGENT
LIABILITIES IN RESPECT OF:
|
Particulars |
As on 31.03.2010 (Rs. in Millions |
As on 31.03.2009 (Rs. in Millions |
|
a) Sales tax demands disputed in appeals* These relates mainly to non-submission of C and Fforms and dispute as
regards classification of goods (pending at various stages, from Joint Commissioner
(Appeals) to the High Court (s)) |
19.014 |
43.635 |
|
b) Guarantees given to government authorities and others * The Company is confident of successfully contesting the appeals and
does not except liability to crystallise. |
1471.737 |
57.857 |
|
Total |
1490.751 |
101.492 |
FIXED ASSETS
v
v Building
v Leasehold Improvement
v Plant, Machinery and Equipment
v Furniture, Fixture and Office Equipment
v Computers
v Vehicles
INTANGIBLE ASSETS
v Software
WEB Detail:
Profile:
Subject presence
in
Over the last few
years, the Company has strengthened its market franchise in
The economic
growth of
History:
A
region of 1.1 billion people, with more than 20 languages and 28 states, makes
After
subject’s first joint venture with PolyChem Limited in 1957 producing
polystyrene, Subject opened its first representative office in
In
2006 and 2007, Subject saw the opening of three global Centers of Excellence,
consisting of the Mumbai Service Center, India Engineering Center and the
Global Research and
In
April 2008, Subject and Gujarat Alkalies and Chemical Ltd. announced the
formation of a joint venture that will produce Chloromethanes.
Subject
has maintained a consistent presence in the region and has strived to create
and be engaged in sustainable practices in alignment with the Company’s 2015 Sustainability Goals.
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 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
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 |
NO |
|
--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 |
|
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.