MIRA
INFORM REPORT
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Report Date : |
05.11.2011 |
IDENTIFICATION DETAILS
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Name : |
METAFLUX COMPANY PRIVATE LIMITED |
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Registered
Office : |
162, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
04.08.1989 |
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Com. Reg. No.: |
21-047354 |
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Capital
Investment/ Paid-up Capital: |
Rs.9.000 millions |
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CIN No.: [Company Identification
No.] |
U24117WB1989PTC047354 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CALM01463A |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business
: |
Manufacturer of Continuous Casting Products, Feeding Aids,
Hot Topping System, Refractory Dressings for both Ferrous and Non-Ferrous
Foundries and various other products for Steel Plants and Foundry Industry. |
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No. of
Employees: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 200000 |
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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. 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
terms and conditions. As confirmed by Mr. Asis Protihar from Accounts Department Metaflux
Products Private Limited was merged with Metalux Company Private Limited in
1998. |
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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
LOCATIONS
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Registered Office : |
162, |
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Tel. No.: |
91-33-23556252/6072/5799 |
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Fax No.: |
91-33-23557636 |
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E-Mail : |
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Website : |
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Factory 1 : |
A/5/1, RIC
Industrial Estate, Block – II, Kolkata – 700035, West |
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Tel. No.: |
91-33-25770511 / 32976415 |
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Fax No.: |
91-33-23557636 |
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E-Mail : |
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Factory 2 : |
B-22, |
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Tel. No.: |
91-7104-236152 / 237312 |
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Fax No.: |
91-7104-232212 |
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E-Mail : |
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Factory 3 : |
5/J, Heavy Industrial
Area, Hatkhoj, Bhilai - 490006, District Durg (C.G) |
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Tel. No.: |
91-788-2285258 |
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E-Mail : |
DIRECTORS
(AS ON 20.08.2010)
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Name : |
Mr. Arundeb D.
Mukherji |
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Designation : |
Managing
Director |
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Address : |
BK – 187, |
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Date of Birth/Age : |
02.10.1944 |
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Date of Appointment : |
19.09.1989 |
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DIN No : |
01098535 |
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Name : |
Mr. Tapan Kumar
Saha |
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Designation : |
Director |
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Address : |
HB – 323/5, |
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Date of Birth/Age : |
08.11.1946 |
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Date of Appointment : |
19.09.1989 |
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DIN No : |
00917716 |
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Name : |
Mr. Tarundeb B.
Mukherjee |
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Designation : |
Director |
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Address : |
Shivranjani
Apartments, 39, Kongress Nagar, |
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Date of Birth/Age : |
15.09.1948 |
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Date of Appointment : |
12.12.1998 |
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DIN No : |
00964377 |
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Name : |
Mr. Utpal Kumar
Chowdhury |
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Designation : |
Director |
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Address : |
Gokul Govind
Apartments, 304, Addyapak Layout, Ring Road, Nagpur-440016, Maharashtra,
India. |
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Date of Birth/Age : |
23.01.1956 |
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Date of Appointment : |
12.12.1998 |
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DIN No : |
02554960 |
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Name : |
Mr. Rajesh Kr.
Srivastava |
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Designation : |
Director |
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Address : |
Plot No. 45, |
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Date of Birth/Age : |
14.10.1960 |
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Date of Appointment : |
29.03.2000 |
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DIN No : |
02425541 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 20.08.2010)
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Names of Shareholders |
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No. of Shares |
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Arundeb D.
Mukherji |
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33688 |
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Tapan Kumar Saha |
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31897 |
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Tarundeb D. Mukherjee |
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7925 |
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Utpal Kumar
Chowdhury |
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7924 |
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Rajesh Kr.
Srivastava |
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7010 |
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Snigdha Mukherji |
|
550 |
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Anirup Mukherji |
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503 |
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Avishek Saha |
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503 |
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Total |
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90000 |
Equity Share Breakup
(AS ON 30.09.2010)
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Continuous Casting Products, Feeding Aids,
Hot Topping System, Refractory Dressings for both Ferrous and Non-Ferrous
Foundries and various other products for Steel Plants and Foundry Industry. |
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Products : |
·
Steel Products ·
Foundry Products
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PRODUCTION STATUS AS ON 31.03.2011
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Particulars |
Unit |
Actual
Production |
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Hot Top, Tundish Boards and allied products |
Sets |
111819 |
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Castable and Monolithic, Refractory paints and other Metallurgical
Fluxes |
M/T |
297803.638 |
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Riserex / Sleeves |
Nos. |
1318947 |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
State Bank of |
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Facilities : |
(Rs.
in millions)
Notes: 1.
Both Term Loan and Cash-Credit Loan from SBI are
secured by charge on Fixed Assets, Inventories and Book Debts of the Company
as well as personal guarantee given by all the Directors. 2.
Vehicle Loan is secured against purchase of motor
cars. |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Singh Ray Mishra and Company Chartered accpuntants |
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Address : |
2, Chowringee
Road, 3rd Floor, Room No.1, Kolkata – 700013, West |
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Tel. No.: |
91-33-22280568 / 69 |
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Fax No.: |
91-33-22217955 |
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E-Mail : |
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Income-tax PAN of auditor or auditor’s firm : |
AAIFS9174A |
CAPITAL STRUCTURE
(AS ON 20.08.2010)
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Share |
Rs.100/- each |
Rs.10.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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90000 |
Equity Share |
Rs.100/-
each |
Rs.9.000
millions |
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Notes:
26,589 Equity Shares were allotted to
Directors as fully paid up pursuant to conversion of loans into Equity Shares.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
9.000 |
9.000 |
8.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
49.824 |
35.464 |
25.471 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
58.824 |
44.464 |
33.471 |
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LOAN FUNDS |
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1] Secured Loans |
57.110 |
36.115 |
32.272 |
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2] Unsecured Loans |
0.000 |
0.00 |
0.200 |
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TOTAL BORROWING |
57.110 |
36.115 |
32.472 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
115.934 |
80.579 |
65.943 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
24.573 |
14.767 |
12.310 |
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Capital work-in-progress |
0.230 |
0.043 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.570 |
0.638 |
0.164 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
42.211
|
17.368 |
14.545 |
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Sundry Debtors |
115.276
|
78.100 |
63.162 |
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Cash & Bank Balances |
19.110
|
9.066 |
7.057 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
27.589
|
16.785 |
11.347 |
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Total
Current Assets |
204.186
|
121.319 |
96.111 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
|
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Sundry Creditors |
91.245
|
41.915 |
34.526 |
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Other Current Liabilities |
2.725
|
2.127 |
0.846 |
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Provisions |
19.928
|
12.569 |
7.617 |
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Total
Current Liabilities |
113.898
|
56.611 |
42.989 |
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Net Current Assets |
90.288
|
64.708 |
53.122 |
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MISCELLANEOUS EXPENSES |
0.273 |
0.423 |
0.347 |
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TOTAL |
115.934 |
80.579 |
65.943 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
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SALES |
|
|
|
|
|
|
Income |
458.071 |
318.238 |
307.196 |
|
|
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Other
Income |
8.704 |
5.201 |
NA |
|
|
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TOTAL |
466.775 |
323.439 |
NA |
|
|
|
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|
|
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
24.859 |
16.938 |
12.560 |
|
|
|
|
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Less/ Add |
DEPRECIATION/
AMORTISATION |
3.073 |
2.467 |
1.839 |
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|
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PROFIT BEFORE
TAX |
21.786 |
14.471 |
10.573 |
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Less |
TAX |
7.426 |
4.477 |
3.050 |
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|
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PROFIT AFTER TAX
|
14.360 |
9.994 |
7.523 |
|
|
|
|
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|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
34.845 |
24.851 |
17.533 |
|
|
|
|
|
|
|
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Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.00 |
|
|
|
Dividend |
0.000 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
0.205 |
|
|
BALANCE CARRIED
TO THE B/S |
49.204 |
34.845 |
24.851 |
|
|
|
|
|
|
|
|
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EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
FOB value of Export |
118.342 |
29.284 |
24.183 |
|
|
TOTAL EARNINGS |
118.342 |
147.626 |
53.467 |
|
|
|
|
|
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IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
12.566 |
6.594 |
7.665 |
|
|
TOTAL IMPORTS |
12.566 |
6.594 |
7.665 |
|
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|
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|
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|
Earnings Per
Share (Rs.) |
159.55 |
111.04 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.08
|
3.09 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.76
|
4.55 |
3.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.52
|
10.65 |
9.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.33 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.91
|
2.09 |
2.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79
|
2.14 |
2.24 |
LOCAL AGENCY FURTHER INFORMATION
CONTINGENT
LIABILITY NOT PROVIDED FOR IN RESPECT OF:
Performance Bank Guarantee issued in favour
of General Company for Iron and Steel Products,
W.B.Vat and C.S.T. demand of Rs.2.658
millions in respect of Kolkata unit for the year 2007-08 against which the
company has preferred appeal before the Appropriate Authority, but no decision
has yet taken by the Authority.
FIXED ASSETS:
·
·
Land
·
Building
·
Building on
·
Plant and Machinery
·
Tools and Implements
·
Laboratory Equipment
·
Electrical Equipment
·
Electrical Fans and
Fittings
·
Office Equipments
·
Computer
·
Furniture and \fittings
·
Fire Extinguisher
·
Air Conditioner
·
Generator
·
Weighing Machine
·
Motor Car
·
Cycle
·
Cell Phone
·
Scooter
WEBSITE DETAILS
For over last two
decades subject has evolved as a major player in manufacturing products
suitable for
Steel Plants and Foundry Industry to provide solutions for high quality performance.
In
For the last twenty two years it has been a saga of growth, expansion and
achievement for them. One of their factories has been awarded IS0 9000-2001 for excellence. Their
aim is simple and consistent helping their customers to meet newer challenges
in the highly competitive industry of foundry. And they have been successful in
their aim as yet, though there are still miles to go.
State of art technology, economy, high yields and reduced scrap are some of
their basic features.
Subject is a name
valued for trust and performance in Indian Steel Plants and Foundry Industry. Their
wide range of manufacture and supply consist of products including Tundish
Boards, Hot Tops. Nozzle Filling Compound for Ladle and Tundish, EBT Filling
Mass, Insulating Ladle Cover, Tundish Cover, Ramming Mass, Refractory Packing
Material, Sleeves, Refractory Paint and Coating.
Subject caters to
the needs of Steel Plants and Foundries throughout
The company has made its presence felt in the global market for quite
sometime, meeting export orders regularly to the neighbouring countries of South East Asia and
Apart from manufacturing, they happen to be one of
the leading indenting agents in
They manufacture Cold Tundish Boards (Silica base, Magasite and Duplex),
Preheatable Tundish Boards, Hot Tops, Anti piping Compound, EBT Filling Mass,
Nozzle opening Compound (Cr-base and Zr-Base), Ramming Mass, Monolithic,
Castable, Refractory Packing Material.
CONTINUOUS CASTING PRODUCTS
ISOLIN
Insulating disposable boards used to form a inner lining for continuous casting
tundishes. This avoids the lengthy preheating process thereby helps in
significant energy saving and refractory saving and improves the quality of
steel by providing fresh ISOLIN lining every time the tundish is changed.
ISOLIN also helps easy and quick deskulling of the tundish at the completion of
the casting. Thus it reduces the tundish turn around time significantly and in
turn helps to improve the shop productivity. ISOLIN boards are available in
acidic, basic or duplex variety depending upon the need of individual steel
maker.
BENEFITS OF
INSULIN SYTEM
ENERGY SAVING - No
preheating of tundish is required 15-20 minutes warming up of nozzles with
small burner.
REDUCED REFRACTORY
CONSUMPTION - Minimises the need to patch and repair of tundish refractory
lining thus ISOLIN system reduce refractory consumption.
LESS TUNDISH
INVENTORY - Reduction of tundish turn around time which results in reduction of
number of tundishes.
CONSISTENT METAL
TEMPERATURE - Insulating properties of the ISOLIN systems results in consistent
temperature of the liquid steel.
EASY DUMPING -
After casting, a disposable soft residue left by ISOLIN boards helps in easy
dumping on a turnover station. Hence use of oxgen lance or pneumatic hammers is
eliminated.
HIGH YIELDS -
ISOLIN system minimise skull formation thus improves the yield of cast steel.
BETTER ENVIRONMENT
- Lower tundish shell temperatures helps to have cooler surrounding for the
operation.
ISOPACK
Refractory packing mass used along with ISOLIN tundish boards. Helps in good
sealing of the joints between the side and bottom ISOLIN boards thus eleminates
scope of liquid metal penetration through the joints. ISOPACK becomes a soft
mass after casting thus helps in easy deskulling.
ISOSEAL
Refractory air-setting material supplied in ready to use form. ISOSEAL used for
sealing the joints between ISOLIN side boards liquid metal leakage behind the
ISOLIN boards.
COVEREX
Insulating powder as cover of the liquid steel exposed surface in tundish to
reduce heat loss due to radiation. COVEREX is also applicable to insulate the
surface of liquid steel ladles.
METAFIL- NOZZLE FILLING COMPOUND
METAFIL-LD
is a carefully graded refractory nozzle filling compound which can be made
tailor made as per requirement of customer's need for steel transfer ladle with
slide gate system. As it posses selected granulometry and high refractoriness,
it does not sinter when in contact with molten steel around 1600 °C temperature
with high ferrostatic head when kept in ladle nozzle-well cavity. Thus it
results into free flowing of METAFIL-LD when slide gate is opened and it comes
out freely or with minor oxygen lancing establishing a very smooth stream from
the ladle. Depending on nozzle diameter as well as holding time of molten metal
in ladle, granulometry of nozzle filling compound and chemical composition of
refractory filler change.
METAFIL-TD
is a graded carbon based material. It fills the cavity of tundish nozzle. This
compound allows metal to follow out of tundish smoothly when slide gate is
opened.
HOT TOPPING SYSTEM
METATOP
For standard applications METATOP hot topping systems are supplied as single
piece, 4 pieces and 8 pieces assemmles comprising 4 side slabs and 4 corner
pieces for medium and large size ingots varying from about 1 ton to over 25
tons. Different designs like " Inserted type", "Super imposed
type", "Over-imposed type", etc, are available to suit various
plant conditions.
METATOP
Ř
hot
topping systems increase the yield (Ingot to Bloom / Billet)
Ř
a low density
products and hence can be handled easily even for large ingots.
Ř
hot
toping systems are dimensionally accurate and very strong hence chances of
breakages during transportation and storage are negligible.
Ř
Hot
topping systems are tailor made to fit each ingot mould size.
COVEREX
Exothermic and Insulating anti-piping compounds are used with METATOP hot tops
for killed steel ingots. These reduce loss of heat the top surface of the
ingots and thereby delay the solidification of the head portion which helps
feeding the shrinkage cavities.
Beside imparting sufficient heat into the hot top portion in initial stages
COVEREX after burning expands significantly thus desirable insulation during
the subsequent stages of solidification.
METASEAL
Air setting compound supplied in ready to use form applied to seal the joints
between the mould and hot tops. The fast setting characteristic of the product
helps in giving tight fit to the entire system and prevents it from floatation,
boiling etc.
They manufacture Sleeves, Ziron base, Magnisite base and Graphite
base paint in both water and alcohol base, Stag Cogagultors. Core joint gur and
paste.
FEEDING AIDS
RISEREX / RISERIN
Exothermic / Insulating
sleeves for efficient feeding of iron and steel castings.
RECOMMENDED USE
Riserex / Riserin sleeves
are suggested to use as risers of iron and steel castings to help in
directional solidification and in turn to achieve higher casting yields.
ACHIEVABLE
BENEFITS
Low Density and Low Thermal Conductivity Of Riserex / Riserin minimise loss of
heat from risers.
High Refractoriness Of Riserex / Riserin helps it to prevent metal penetration
and fusion, gives a clean riser surface.
Low Specific Heat Of Riserex helps it to burn with very little heat.
Toughess Of Riserex / Riserin helps it to withstands impact while ramming and
jolting of the mould.
Yield with Riserex / Riserin is significantly higher due to very low feed metal
requirement.
Various Sizes Of Riserex / Riserin sleeves are available to meet need of
prefabricated shapes.
Blind Riserex helps when antipiping compound application is not possible due to
accessibility problem.
INSTRUCTIONS FOR USE
Riserex Blind sleeves are to be used as it is.
Reserex / Riserin Open sleeves should be used along with Coverex antipiping
compound to avoid radiation losses from the top surface.
STANDARD PACKINGS
Sleeves (with polythene cover) packed in Card Board Boxes
Stores in dry cool place.
METAPAINT - 100ZW
A water based thixotropic, ready to use Zircon wash, excellent in
application on moulds or core made by sand binder system like, oil sand, cement
sand and resin bonded sand. It gives excellent surface finish with no Steel and
heavy section iron casting.
METAPAINT-MA
A thinner based magnesite dressing in powder or ready to use form, specifically
used for manganese steel castings. It is applied by brush or spray on sand
moulds or cores made by sand binder system like green sand, silicate sand, dry
sand and cement sand moulding method.
METAPAINT-GA
A thinner based graphite wash available both in powder or ready to use form,
easier to remix after long storage, very suitable for iron, heavy section iron
castings, copper based alloys and aluminium based by brush or spray on moulds
and cores made by green sand, silicate sand, oil sand, dry sand and cement sand
moulding methods.
METAPAINT-200ZA
A thinner based
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.49.08 |
|
|
1 |
Rs.78.65 |
|
Euro |
1 |
Rs.67.79 |
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 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.