MIRA
INFORM REPORT
|
Report Date : |
01.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
TIRUPATI FUELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12, Ho-Chi-Minh Sarani, Flat No.4C, 4th Floor, Kolkata –
700071, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.06.2010 (15 Months) |
|
|
|
|
Date of
Incorporation : |
06.06.2003 |
|
|
|
|
Com. Reg. No.: |
139175 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.207.995 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U10102WB2003PTC139175 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers
of Low Ash Metallurgical Coke |
|
|
|
|
No. of Employees
: |
40 (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 2585784 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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
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 |
|
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. Manish |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-33-40201515 |
|
Date : |
27.09.2011 |
LOCATIONS
|
Registered Office : |
12, Ho-Chi-Minh Sarani, Flat No.4C, 4th Floor, Kolkata –
700071, West Bengal, India |
|
Tel. No.: |
91-33-40201515 |
|
Fax No.: |
91-33-22826798 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Elulapaka Bonangi Village – Parwada Mandal, Visakhapatnam, Andhra
Pradesh |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Ashok Kumar Sharma |
|
Designation : |
Director |
|
Address : |
D No.11-9-13, Flat no.3, Prince
Apartments, Daspalla Hills, Visakhpatam – 530003, Andhra Pradesh, India |
|
Date of Birth/Age : |
17.01.1966 |
|
Date of Appointment : |
25.07.2006 |
Other Directorship:
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date
of appointment |
Date of
cessation |
Company Status |
Defaulting
status |
|
1 |
U10102WB2003PTC139175 |
TIRUPATI FUELS PRIVATE
LIMITED |
Director |
25/07/2006 |
25/07/2006 |
- |
Active |
NO |
|
2 |
U23109WB1991PTC051437 |
BALAJI COKE INDUSTRY PVT
LTD |
Director |
23/02/2009 |
23/02/2009 |
07/06/2010 |
Active |
NO |
|
3 |
U23101WB2009PTC135903 |
HALDIA METCOKE PRIVATE
LIMITED |
Director |
13/06/2009 |
13/06/2009 |
- |
Active |
NO |
|
4 |
U51109WB1994PTC062062 |
MELLORATE MERCANTILE PVT.
LTD. |
Director |
01/06/2011 |
01/06/2011 |
- |
Active |
NO |
|
5 |
U23101WB2010PTC153439 |
SHREE COKE MANUFACTURING
COMPANY PRIVATE LIMITED |
Director |
01/06/2011 |
01/06/2011 |
- |
Active |
NO |
|
Name : |
Ms. Deepika Sharma |
|
Designation : |
Director |
|
Address : |
15, Belvedre Road, Flat – 7A, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
01.05.1959 |
|
Date of Appointment : |
25.07.2006 |
Other Directorship:
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date
of appointment |
Date of
cessation |
Company Status |
Defaulting
status |
|
1 |
U23109WB1991PTC051437 |
BALAJI COKE INDUSTRY PVT
LTD |
Director |
21/10/2003 |
21/10/2003 |
20/03/2008 |
Active |
NO |
|
2 |
U65923WB1989PTC047924 |
VARUN CREDIT & REAL
ESTATE PVT LTD |
Additional director |
18/01/2005 |
18/01/2005 |
- |
Active |
NO |
|
3 |
U10102WB2003PTC139175 |
TIRUPATI FUELS PRIVATE
LIMITED |
Director |
25/07/2006 |
25/07/2006 |
- |
Active |
NO |
|
4 |
U23101WB2009PTC135903 |
HALDIA METCOKE PRIVATE
LIMITED |
Director |
13/06/2009 |
13/06/2009 |
- |
Active |
NO |
|
5 |
U70200WB1995PTC073175 |
AURO SHIKHA VINIMAY PVT
LTD |
Additional director |
11/11/2009 |
11/11/2009 |
- |
Active |
NO |
|
Name : |
Mr. Sushanta Kumar Hazra |
|
Designation : |
Director |
|
Address : |
Qtr No.V/15, Cfri Colony, Fr Dhanbad – 828108, Jharkhand |
|
Date of Birth/Age : |
05.02.1949 |
|
Date of Appointment : |
23.11.2009 |
Other Directorship:
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of appointment
at current designation |
Original date
of appointment |
Date of
cessation |
Company Status |
Defaulting
status |
|
1 |
U01122WB1999PLC088892 |
GLOBAL COKE LIMITED. |
Whole-time director |
01/04/2011 |
02/05/2009 |
- |
Active |
NO |
|
2 |
U23109WB1991PTC051437 |
BALAJI COKE INDUSTRY PVT
LTD |
Director |
23/11/2009 |
23/11/2009 |
- |
Active |
NO |
|
3 |
U10102WB2003PTC139175 |
TIRUPATI FUELS PRIVATE
LIMITED |
Director |
23/11/2009 |
23/11/2009 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Manish |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Sharma |
|
667 |
|
Kaushal Sharma |
|
4795556 |
|
Rachayita Sharma |
|
383334 |
|
Shruti Sharma |
|
4306667 |
|
Deepak Sharma |
|
5040000 |
|
Ramesh Sharma |
|
12667 |
|
Alka Leein Private Limited, Howrah |
|
26667 |
|
Exclusive Vinimay Private Limited, Kolkata |
|
93334 |
|
Farrini Tradelink Private Limited, Kolkata |
|
93334 |
|
Flexible Tradelink Private Limited, Kolkata |
|
80000 |
|
Goldy Distributors Private Limited, Kolkata |
|
80000 |
|
Himadri Sales Private Limited, Kolkata |
|
16000 |
|
Himadri Commerce Private Limited, Kolkata |
|
53334 |
|
Kaberi Commotrade Private Limited, Kolkata |
|
40000 |
|
Royal Tracom Private Limited, Kolkata |
|
13334 |
|
Sakamari Impex Private Limited, Kolkata |
|
26667 |
|
Shree Vishnu Printo Art Private Limited, Kolkata |
|
26667 |
|
Survi Suppliers Private Limited, Kolkata |
|
26667 |
|
Umang Vinimay Private Limited, Kolkata |
|
66667 |
|
Zigma Goods Private Limited, Kolkata |
|
24000 |
|
Durgesh Sales Private Limited, Kolkata |
|
177774 |
|
Saaransh Tie Up Private Limited, Kolkata |
|
88880 |
|
Orbit Commotrade Private Limited, Kolkata |
|
44440 |
|
Wellman Dealers Private Limited, Kolkata |
|
88880 |
|
AJ-Nee Distributors Private Limited, Kolkata |
|
244440 |
|
Yathans Commercial Private Limited, Kolkata |
|
111107 |
|
Balaji Coke Industtry Private Limited, Kolkata |
|
888880 |
|
Antai Balaji Limited, Kolkata |
|
3105160 |
|
Meltron Merchandise Private Limited, Kolkata |
|
400000 |
|
Deewood Crafts Private Limited, Kolkata |
|
444440 |
|
Total |
|
20799563 |
AS ON 30.09.2010
|
Category |
Percentage |
|
Bodies corporate |
30.10 |
|
Directors or relatives of Directors |
69.90 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers
of Hard Coke |
|
|
|
|
Exports : |
|
|
Products : |
Hard
Coke |
|
Countries : |
·
Sri Lanka ·
Australia |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Australia ·
Singapore |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit (30 days) |
|
|
|
|
Purchasing : |
L/C, Cash, Credit (30 days) |
PRODUCTION STATUS AS ON 30.06.2010
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Low Ash Metallurgical Coke |
MT |
108000 |
108000 |
43943 |
GENERAL INFORMATION
|
Customers : |
·
OEM’s ·
Manufacturer |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||||
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||||||||||||||||||||||||
|
Bankers : |
State Bank of Bikaner and Jaipur, 20-B, Park Street,
Kolkata - 700016, West Bengal, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R K Lodha and Associates Chartered Accountant |
|
Address : |
127, Netaji Subhash Road, 2nd Floor, Room No.1, Kolkata –
700001, West Bengal, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15599667 |
Equity Shares |
Rs.10/- each |
Rs.155.996
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2011 (12 Months) |
|
Sales Turnover (Approximately) |
|
|
3330.000 |
The above information has been parted by Mr. Manish (Accounts Executive)
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.06.2010 (15 Months) |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
155.996 |
150.996 |
|
|
2] Share Application Money |
|
14.000 |
25.000 |
|
|
3] Reserves & Surplus |
|
476.450 |
403.822 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
646.446 |
579.818 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
274.787 |
192.730 |
|
|
2] Unsecured Loans |
|
34.898 |
59.310 |
|
|
TOTAL BORROWING |
|
309.685 |
252.040 |
|
|
DEFERRED TAX LIABILITIES |
|
45.986 |
42.058 |
|
|
|
|
|
|
|
|
TOTAL |
|
1002.117 |
873.916 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
335.713 |
345.156 |
|
|
Capital work-in-progress |
|
3.990 |
101.192 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
12.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
371.228 |
211.181 |
|
|
Sundry Debtors |
|
859.041 |
427.969 |
|
|
Cash & Bank Balances |
|
72.452 |
79.409 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
228.918 |
57.711 |
|
Total
Current Assets |
|
1531.639 |
776.270 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
827.565 |
348.669 |
|
|
Other Current Liabilities |
|
0.699 |
0.000 |
|
|
Provisions |
|
41.168 |
12.292 |
|
Total
Current Liabilities |
|
869.432 |
360.961 |
|
|
Net Current Assets |
|
662.207 |
415.309 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.207 |
0.259 |
|
|
|
|
|
|
|
|
TOTAL |
|
1002.117 |
873.916 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.06.2010 (15 Months) |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
4263.810 |
2024.792 |
|
|
|
Other Income |
|
21.181 |
9.128 |
|
|
|
TOTAL (A) |
|
4284.991 |
2033.920 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
|
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
308.260 |
142.972 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
205.873 |
79.821 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
102.387 |
63.151 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
13.349 |
8.104 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
89.038 |
55.047 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
32.803 |
26.086 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
|
56.255 |
28.961 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.06.2010 (15 Months) |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
1.31 |
1.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
2.09 |
2.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
4.77 |
4.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.14 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
1.82 |
1.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.76 |
2.15 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The registered office address of the company
has been shifted from 11-9-13, Flat no.3, Prince Apartments, Daspalla Hills,
Visakhpatam – 530003, Andhra Pradesh, India to present address
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter's background |
-- |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
-- |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if
applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
Form 8:
|
Corporate identity number of the company |
U10102WB2003PTC139175 |
|
Name of the company |
TIRUPATI FUELS PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
12, Ho-Chi-Minh Sarani, Flat No- 4C, 4th
Floor, Kolkata – 700071, West Bengal, India |
|
This form is for |
Creation of charge Modification of charge |
|
Type of charge |
Book Debts Movable Property Immovable Property Floating Charge |
|
Particular of charge holder |
State Bank of Bikaner and Jaipur |
|
Nature of instrument creating charge |
1. Supplemental agreement of loan for
increase in the overall limit from Rs. 300.000 Millions to Rs.350.000
Millions 2. Supplemental agreement of hypothecation
of goods and assets for increase in overall limit. 3. Letter regarding the grant of
individual limits within the overall limits. |
|
Date of instrument Creating the charge |
29.03.2011 |
|
Amount secured by the charge |
Rs.350.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Cash credit : @5% above base rate i.e
13.75% p.a Terms of Repayment on demand Margin cash credit : raw material :25%;
stock-in-process:25%; finished goods:25%; book debts upto 90 days-40%. LC: 10% cash / TDR/STDR Extent and Operation of the charge Jt.Hypothecation charge on entire
stocks,book debts and other current assets both present & future ranking pari
passu with other consortium member banks. Jt. mortgage charge on parri passu
basis with member banks over factory land and building at Visakhapatnam.
DD/invoices and documents of title to goods ( RRS,MTRs,Bills of lading)
covering procurement of domestic /imports of raw materials, consumable spares, stores,spare parts and machinery
items for maintenance etc. |
|
Short particulars of the property charged |
CC:Joint Hypothecation charge on entire
stocks, book debts, other current assets, both present & future ranking
pari-passu with other consortium member banks LC: DD/Invoices and documents of title of
goods covering procurement of domestic/imports of raw materials, consumable
spares, stores, spare parts and machinery items for maintenance Collateral : Joint mortgage over factory
land /building at Plot 21,30 and 31 , Industrial Development Area,
NTPC,Lankelapalam Road, Parwada, Visakhapatnam 531 021. Collateral : Jt.Hypothecation charge over
entire plant /machinery and other immovable/movable fixed assets |
|
Particulars of the present modification |
Originally charge was created on
28.11.2008 for Rs.30.00 crores vide charge ID no. 10133734 for hypothecation
charge and vide charge ID no.10133735 on 29.11.2008 for equitable mortgage.
Subsequently joint charge of Rs.980.000 Millions was created on 30.08.10 out
of which State Bank of Bikaner and Jaipur was Rs.400.000 Millions. With this
modification, charge of State Bank of Bikaner and Jaipur stands at Rs.350.000
Millions. |
FIXED ASSETS:
·
Factory Land
·
Factory Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
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.48.92 |
|
|
1 |
Rs.76.51 |
|
Euro |
1 |
Rs.66.64 |
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 |
NO |
|
--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.