MIRA
INFORM REPORT
|
Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
LOK CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Solitaire Corporate Park, 741, 4th Floor, Andheri Ghatkopar Link Road, Chakala, Andheri (East),
Mumbai-400093, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
26.02.1999 |
|
|
|
|
Com. Reg. No.: |
11 – 118567 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 21.059
Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U24100MH1999PTC118567 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUML06098B |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACL4936H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Importers and Dealers of Chemicals Solvents and Bulk Drug
Intermediate. |
|
|
|
|
No. of Employees
: |
20 Approximately (In office 20 and Factory Not Divulged ) |
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 910000 |
|
|
|
|
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. Profit and Loss of the company is not available. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY(GENERAL DETAILS)
|
Name : |
Ms. Nidhi Modi |
|
Designation : |
Key Executive (Designation not divulged) |
|
Contact No.: |
91-22-26231006 |
|
Date : |
13.10.2011 |
LOCATIONS
|
Registered Office : |
Solitaire Corporate Park, 741, 4th Floor, Andheri Ghatkopar Link Road, Chakala, Andheri (East),
Mumbai-400093, Maharashtra, India |
|
Tel. No.: |
91-22-67364646/ 26231006 |
|
Fax No.: |
91-22-28392486/ 26204121 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Factory: |
They don’t want to disclose the address of factory. |
DIRECTORS
|
Name : |
Mr. Ajay Loknath Lohia |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
62, Shangrila, Samarth
Ramdas Marg, Juhu, Mumbai-400049, Maharashtra,
India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.03.1967 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.10.2010 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02966430 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rahul Loknath Lohia |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
62, Shangrila Apartments, Gulmohar Road No. 11, Juhu,
Mumbai-400049, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.05.2002 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01245508 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Bimla Loknath
Lohia |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
62, Shangrila Apartments, Gulmohar Road No. 11, Juhu,
Mumbai-400049, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
23.04.2002 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02876793 |
|||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Nidhi Modi |
|
Designation : |
Key Executive (Designation not divulged) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON (30.09.2010)
|
Names of Shareholders |
No. of Shares |
|
Ajay Lohia and Priti
Lohia |
931000 |
|
Rahul Lohia Nidhi Lohia |
30000 |
|
Bimla Lohia and Nidhi Lohia |
238000 |
|
Priti Lohia and Ajay Lohia |
20000 |
|
Manish Lohia and Nidhi
Lohia |
60093 |
|
Nidhi Lohia and Bimla Lohia |
142900 |
|
Nupur Lohia and Rahul Lohia |
100001 |
|
Amit Lohia |
1 |
|
Lokam Holdings Private Limited |
583915 |
|
|
|
|
Total |
2105910 |
AS ON (14.03.2011)
|
List of Allottees |
No. of Shares Allotted |
|
Deepiner Kaur Business |
9600 |
|
Rajinder Kaur Business |
2000 |
|
Gurmit Singh Business |
12000 |
|
|
|
|
Total |
23600 |
Equity Share
Breakup (Percentage of Total Equity)
AS ON (30.09.2010)
|
Category |
|
Percentage of
Holding |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importers and Dealers of Chemicals Solvents and Bulk Drug
Intermediate. |
|
|
|
|
Products : |
· Acetonitrile · Acetophenone · Acrylamide · Acrylic Acid · Adipic Acid |
|
|
|
|
Imports : |
|
|
Products : |
· Chemicals Solvents · Bulk Drug Intermediate |
|
Countries : |
·
China ·
Japan ·
Indonesia ·
Singapore
etc. |
|
|
|
|
Terms : |
|
|
Purchasing : |
Depend |
GENERAL INFORMATION
|
No. of Employees : |
20 Approximately (In office 20 and Factory Not Divulged ) |
|
|
|
|
Bankers : |
· Bank of India, Andheri Corporate Banking Branch, M.D.I. Building, 28,
S.V. Road, Andheri (West), Mumbai – 400 058, Maharashtra, India. · Oriental Bank of
Commerce, Fort Branch, Jash Chambers, Sir. P. M.
Rod, Fort, Mumbai-400001, Maharashtra, India |
|
|
|
|
Facilities: |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name: |
AJAJ and Company Chartered Accountant |
|
Address : |
B-204, Mahadevi Tower, Thakur
Complex, Kandivali (East), Mumbai-400101, Maharashtra, India |
|
Tel No.: |
91-22-28545189 |
|
Mobile No.: |
91-9869055421 |
|
Pan. No.: |
AAOFA0650L |
CAPITAL STRUCTURE
AFTER AS ON (
30.09.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- Each |
Rs. 30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2129510 |
Equity Shares |
Rs.10/- Each |
Rs. 21.295 Millions
|
|
|
|
|
|
AS ON (30.09.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- Each |
Rs. 30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2105910 |
Equity Shares |
Rs.10/- Each |
Rs. 21.059
Millions |
|
|
|
|
|
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 |
21.059 |
19.969 |
0.990 |
|
|
2] Share Application Money |
0.000 |
2.000 |
47.571 |
|
|
3] Reserves & Surplus |
207.149 |
146.606 |
35.169 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
228.208 |
168.575 |
83.730 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
70.293 |
17.925 |
0.000 |
|
|
2] Unsecured Loans |
8.200 |
14.858 |
48.663 |
|
|
TOTAL BORROWING |
78.493 |
32.783 |
48.663 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.459 |
0.318 |
|
|
|
|
|
|
|
|
TOTAL |
306.701 |
201.817 |
132.711 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.393 |
15.335 |
14.553 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
146.556
|
69.932 |
76.526 |
|
|
Sundry Debtors |
248.317
|
157.454 |
240.412 |
|
|
Cash & Bank Balances |
231.099
|
64.084 |
19.054 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
21.695
|
42.237 |
44.000 |
|
Total
Current Assets |
647.667
|
333.707 |
379.992 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
343.359
|
147.225 |
261.834 |
|
|
Net Current Assets |
304.308
|
186.482 |
118.158 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
306.701 |
201.817 |
132.711 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.85
|
1.07 |
3.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.89
|
2.27 |
1.45 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS ARE NOT AVAILABLE.
|
Check List by
Info Agents |
Available in
Report (Yes/ No) |
|
Year of Establishment |
Yes |
|
Locality of the firm |
Yes |
|
Constitutions of the firm |
Yes |
|
Premises details |
Yes |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
-- |
|
No. of Employees |
Yes |
|
Name of person Contacted |
Yes |
|
Designation of contact person |
No |
|
Turnover of firm for last year |
No |
|
Profitability for last three years |
No |
|
Reasons for Variation <> 20%` |
-- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
No |
|
Details of sister concern |
-- |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payment Terms |
Yes |
|
Export/ Import Details (If applicable) |
Yes |
|
Market Information |
-- |
|
Litigations that the firm/ Promoter involved in |
-- |
|
Banking Details |
Yes |
|
Banking Facility details |
No |
|
Conduct of the banking account |
-- |
|
Buyer visit details |
-- |
|
Financials, fi provided |
No |
|
Incorporation details, if applicable |
-- |
|
Last accounts filed at ROC |
-- |
|
Major Shareholders , if available |
-- |
Note:
The company changed its registered office from 77/B, Juhu Supreme
Centre, Gulmohar Road, Mumbai – 400 049, Maharashtra, India to 72, Juhu
Supreme Centre, Gulmohar Road, Mumbai – 400 049, Maharashtra, India w.e.f.
07.01.2010. The Registered office has against shifted from 72, Juhu Supreme Centre, Gulmohar
Road, Mumbai – 400 049, Maharashtra, India to present
address w.e.f. 07.01.2010
FIXED ASSETS:
· Air Conditioner
· Computer
· Telephone
Equipment
· Hundai Car Getz
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U24100MH1999PTC118567 |
||||||||||||
|
Name of the
company |
LOK CHEMICALS
PRIVATE LIMITED |
||||||||||||
|
Address of the
registered office or of the principal place of business in |
Solitaire Corporate Park, 741, 4th Floor, Andheri Ghatkopar Link Road, Chakala, Andheri (East),
Mumbai-400093, Maharashtra, India |
||||||||||||
|
This form is for |
Modification
of Charge |
||||||||||||
|
Charge
identification (ID) number of the charge to be modified |
10120772 |
||||||||||||
|
Type of charge |
Book Debts Movable Property
(Not being pledge) |
||||||||||||
|
Particular of
charge holder |
Bank of India, Andheri Corporate Banking
Branch, M.D.I. Building, 28, S.V. Road, Andheri
(West), Mumbai – 400 058, Maharashtra, India. Email: arun.govil@gmail.com |
||||||||||||
|
Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation |
||||||||||||
|
Date of
instrument Creating the charge |
07.05.2010 |
||||||||||||
|
Amount secured by
the charge |
Rs. 500.000 Millions |
||||||||||||
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest @ 12%
p.a. at presently BPLR with monthly rests. IL/C-50% of
Applicable Charge + S.T. Comfort Letter
for availing Buyers – to be repaid as per extent guidelines Terms of
Repayment Repayment on
Demand Margin 25% against raw materials
and finished goods, stores, goods in process. 30% book debts 15% cash Margin
against ILC 30% cash Margin
against Comfort Letter for availing buyers. Extent and
Operation of the charge Exclusive charge
by way of hypothecation of movable assets. Others Limits increased
from Rs. 200.000 Millions to Rs.
500.000 Millions |
||||||||||||
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
Stocks, Book Debts, Plant and Machinery |
||||||||||||
|
Date of
instrument modifying the charge |
15.05.2008 |
||||||||||||
|
Particulars of
the present modification |
By present Modi, Hypothecation of stocks and book debts, Plant and
Machinery has now increased from Rs. 200.000
Millions to Rs. 500.000 Millions (Rs.
In Millions)
|
|
Name of the company |
LOK CHEMICALS
PRIVATE LIMITED |
|
Presented By |
Oriental Bank of
Commerce, |
|
1) Date and description of instrument creating the change |
26th
April 2002 Agreement of hypothecation of Assets. |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.7.500 Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
To secure the due
repayment of cash credit Limited of Rs.3.500 Millions against hypothecation
of stocks and book debts. Letter of Credit Limits (DA/DP basis) of Rs.3.500
Millions and Bank Guarantee Limits of Rs.0.500 Million (Total aggregating to
Rs.7.500 Million) and for interest and other charges thereon the Borrower
hereby to hypothecate to the Bank by way of first charge , all hypothecated
assets namely stocks of Chemicals and Book debts whether existing or future,
belonging to the borrower, and in cash of any earlier charge on all moveable
assets, as second charge over the same and so on hereinafter referred to as
the Hypothecated assets which expression shall include all stocks, of raw
materials, semi-finished goods. Consumable stores and spares, book debts,
outstanding, decrease, money receivable, claims, bills, contracts,
engagement, other movables of the Borrower including unencumbered plant and
machinery, documents of title to the goods and other assets, together with
interest thereon at the agreed rates and rests as mentioned in this agreement
and all costs, charges, expenses, incidental expenses, of the said facilities
and more clearly mentioned the aforesaid agreement. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Interest at the
rate of 3.50% p.a. over the Prime Lending Rate of the Bank with minimum of
15.00% p.a. to be calculated on the daily balance and charged on monthly
rests or at such other rates as may be determined by the Bank from time to
time as prescribed by Reserve Bank of India and for all costs, charges,
premium, penal, interest, etc. Borrower agrees to pay penal interest of
2%p.a. with the agreed rate in case of default. Margin: 25% of
Hypothecated Assets |
|
5) Name and Address and description of the person entitled to the charge. |
Oriental Bank of
Commerce, Overseas Andheri Branch, Sanjay Mittal Industrial Estate, Unit No.15, Ground Floor, Andheri Kurla Road, Sakinaka, Andheri (East),
Mumbai – 400 059. |
|
6) Date and brief description of instrument modifying the charge |
27th
September 2005 Supplemental
Agreement to secure Credit/Loan facilities as and by way of Third
modification. |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
At the request of
the borrower the Bank has enhanced the letter of Credit limits from Rs.15.000
Millions to Rs.23.000 Millions by sanction of additional limits of Rs.8.000
Millions and the existing cash credit limit of Rs.8.000 Millions to continue.
The existing and the revised limits are as under:
(Rs. In millions) Nature of
limits Existing Revised Cash Credit
(Hypo) 8.000 8.000 Letter of
credit 15.000 23.000 Total 23.000 31.000 To secure the due
repayment of the revised limits and for all costs, interest and charges
thereon, continuation of the existing first charge and hypothecation of the
Hypothecated Assets more clearly described in column 3 above. Other terms and
conditions as per the loaning documents executed by the borrower company. The banking
limits of the company are transferred and controlled at the following Branch: Oriental Bank of
commerce, The total charge
stands modified from Rs.23.000 Millions to Rs.31.000 Millions. Save and except
the above the terms and conditions mentioned in the original Agreement of
Hypothecation of Assets dated 26th April 2002 for Rs.7.500
Millions, Supplemental Agreement to secure credit/Loan facilities dated
27.01.2004 for Rs.12.500 Millions by way of first modification and
supplemental agreement to secure credit/loan facilities dated 12.05.2005 for
Rs.23.000 Millions by way of second modification shall remain the same. |
|
Corporate
identity number of the company |
U24100MH1999PTC118567 |
|
Name of the
company |
LOK CHEMICALS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
77/B, Juhu Supreme Centre, |
|
This form is for |
Book debts Movable property
(not being pledge) |
|
Type of charge |
Creation of charge |
|
Particular of
charge holder |
Bank of India, Andheri Corporate Banking Branch, M.D.I. Building, 28,
S.V. Road, Andheri (West), Mumbai – 400 058, Maharashtra, India. E-Mail: andhericcb@bankofindia.co.in |
|
Nature of
instrument creating charge |
Hypothecation cum
Loan Agreement of Plant and Machinery, Stocks and Book debts. |
|
Date of
instrument Creating the charge |
10.10.2006 |
|
Amount secured by
the charge |
Rs.105.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Interest@1.00% over BLPR with a minimum of
12.50% with Monthly rests L/C to be repaid as per extent guidelines Terms of repayment Repayment on
Demand Margin 25% against raw
materials and finished goods 25% against
Stores 25% against goods
in process Extent and
operation of the charge Exclusive charge
by way of hypothecation on Movables. Others Limits
covered Nature of
Facilities Rs.30.000
Millions Cash Credit (Hyp of Stocks) Rs.75.000 Millions Letter of Credit (Inland/import)
(DP/DA 180 days) Total
Rs.105.000 Millions |
|
Particulars of
the property charged |
Hypothecation of
Plant and Machinery, Stocks and Book Debts details as per attachment in
Annexure A |
AS PER WEBSITE
COMPANY PROFILE:
Subject is a developing company
located in Mumbai, the financial capital of
Subject strives to offer services like HIGH-SEAS SALES to its customers for orders of large quantity as well as
sizable smaller quantities. In future, Company plans to venture in the BULK
LIQUID CARGO imports. The company has
pleasure of working with the industry clientele serving small and large-scale
companies with same dedication and instant response has resulted in
strengthening the loyalty of customers leading to repeated orders.
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 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.49.02 |
|
|
1 |
Rs.77.13 |
|
Euro |
1 |
Rs.67.56 |
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 |
NO |
|
--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.