1. Summary Information
|
|
|
Country |
|
|
Company Name |
Arihant Gold
Plast Private Limited |
Principal Name 1 |
Mr. Ashok Kapoorchand Gowani |
|
Status |
Moderate |
Principal Name 2 |
Mr. Rajesh Mishrimal Jain |
|
|
|
Registration # |
11-159365 |
|
Street Address |
Raghuvanshi
Mansion, Office No. 1, 2nd Floor, Building No.12, Senapati Bapat
Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India |
||
|
Established Date |
31.01.2006 |
SIC Code |
-- |
|
Telephone# |
91-22-24975173 /
174 / 56638158 / 59 / 30967180 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-22-24975175 |
Business Style 2 |
Trading |
|
Homepage |
Product Name 1 |
Polypropylene Sheets and Rolls |
|
|
# of employees |
40 Approximately
(Office – 20 and Factory – 20) |
Product Name 2 |
Polystyrene Sheets and Rolls |
|
Paid up capital |
Rs.17,500,000/- |
Product Name 3 |
Polyethylene Sheets and Rolls |
|
Shareholders |
Directors or relatives of directors (100.00%) |
Banking |
Citibank N.A. |
|
Public Limited Corp. |
NO |
Business Period |
5 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (33) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
84,266,000 |
Current Liabilities |
30,221,000 |
|
Inventories |
28,480,000 |
Long-term Liabilities |
82,099,000 |
|
Fixed Assets |
57,270,000 |
Other Liabilities |
13,884,000 |
|
Deferred Assets |
000 |
Total Liabilities |
126,204,000 |
|
Invest& other Assets |
240,000 |
Retained Earnings |
26,552,000 |
|
|
|
Net Worth |
44,052,000 |
|
Total Assets |
170,256,000 |
Total Liab. & Equity |
170,256,000 |
|
Total Assets (Previous Year) |
136,775,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
382,966,000 |
Net Profit |
20,198,000 |
|
Sales(Previous yr) |
245,220,000 |
Net Profit(Prev.yr) |
6,819,000 |
MIRA
INFORM REPORT
|
Report Date : |
30.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
ARIHANT GOLD PLAST PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SP EXTRUSION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Raghuvanshi Mansion, Office No. 1, 2nd Floor, Building No.12,
Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
31.01.2006 |
|
|
|
|
Com. Reg. No.: |
11-159365 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.17.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25199MH2006PTC159365 |
|
|
|
|
IEC No.: |
0398034087 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA19006B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA3907A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader and Exporter of Plastic Products. |
|
|
|
|
No. of Employees
: |
40 Approximately (Office – 20 and Factory – 20) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 180000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for small to mediocre 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. Ajit |
|
Designation : |
Accountant |
LOCATIONS
|
Registered Office : |
Raghuvanshi Mansion, Office No. 1, 2nd Floor, Building No.12,
Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India
|
|
Tel. No.: |
91-22-24975173 / 174 / 56638158 / 59 / 30967180 |
|
Fax No.: |
91-22-24975175 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
46, Pragati Industrial Estate, Ground Floor, N. M. Joshi Marg, Lower
Parel – 400011, Maharashtra, India |
|
Tel. No.: |
91-22-24975173/ 74/ 23070803/ 04 |
|
Fax No.: |
91-22-24975175/ 23050006 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.4206, GIDC Estate, Plastic Zone Sarigam Valsad, |
|
Location : |
Rented |
DIRECTORS
As on 29.09.2010
|
Name : |
Mr. Ashok Kapoorchand Gowani |
|
Designation : |
Director |
|
Address : |
303/B, Arihant Apartment, Next to Shagun Hotel, Mumbai Central, Mumbai
– 400 008, |
|
Date of Birth/Age : |
11.03.1963 |
|
Date of Appointment : |
31.01.2006 |
|
DIN No.: |
00281027 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U25209MH1995PTC086693 |
Arihant Gold
Plast Private Limited |
Director |
22-03-95 |
22-03-95 |
Amalgamated |
NO |
|
2 |
U25199MH2006PTC159365 |
Arihant Gold
Plast Private Limited |
Director |
31-01-06 |
31-01-06 |
Active |
NO |
|
|
|
|
Name : |
Mr. Rajesh Mishrimal Jain |
|
Designation : |
Additional Director |
|
Address : |
404-A, Shatrunjay Darshan, |
|
Date of Birth/Age : |
01.10.1972 |
|
Date of Appointment : |
24.05.2010 |
|
DIN No.: |
00281053 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U25209MH1995PTC086693 |
Arihant Gold
Plast Private Limited |
Director |
01-07-95 |
01-07-95 |
Amalgamated |
NO |
|
2 |
U25199MH2006PTC159365 |
Arihant Gold
Plast Private Limited |
Director |
29-09-10 |
24-05-10 |
Active |
NO |
|
|
|
|
Name : |
Mr. Yashwant Mohanraj Rathod |
|
Designation : |
Director |
|
Address : |
101, Mangaldeep, |
|
Date of Birth/Age : |
06.10.1970 |
|
Date of Appointment : |
31.01.2006 |
|
DIN No.: |
00281083 |
Other Directorship
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U25209MH1995PTC086693 |
Arihant Gold
Plast Private Limited |
Director |
01-07-95 |
01-07-95 |
Amalgamated |
NO |
|
2 |
U25199MH2006PTC159365 |
Arihant Gold
Plast Private Limited |
Director |
31-01-06 |
31-01-06 |
Active |
NO |
KEY EXECUTIVE
|
Name : |
Mr. Ajit |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Kapoorchand Gowani |
|
52500 |
|
Chirag H Jain |
|
8750 |
|
Prinesh J Jain |
|
8750 |
|
Yashwant Mohanraj Rathod |
|
31250 |
|
Dimple Y Rathod |
|
5000 |
|
Nayana A Rathod |
|
5000 |
|
Sunil M Rathod |
|
2500 |
|
Rajesh M Jain |
|
5025 |
|
Mishrimal Sukhraj (HUF) |
|
13725 |
|
Jayantilal Sukhraj (HUF) |
|
12500 |
|
Hasmukhlal S Jain (HUF) |
|
12500 |
|
Bhagwanti M Rathod |
|
17500 |
|
Total |
|
175000 |
As on 29.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Exporter of Plastic Products. |
||||||||
|
|
|
||||||||
|
Products : |
·
Refrigerator Liners ·
Chest Coolers Liners ·
Pharma Packaging ·
Display and Danglers ·
Printing ·
Bathroom Cabinets ·
Fabrication ·
Flocked Sheets ·
Luggage Stiffener ·
Shock Absorbers Lining ·
Rain Water Gutter Lining ·
Card Cans ·
Automobile Parts Packing (fabrication) ·
Automobile components by Vac ·
Bus Body ·
Doors ·
Automobile Vacuum Forming ·
Automobile Chair backs ·
Chair Backs (non-automobile) ·
Housing Equipment’s ·
Luggage ·
Door Cladding ·
Polylite Glow Sign ·
Automobile Vacuum Forming ·
File Folders ·
Book and File covers ·
PP Glass lined ·
Tank Lining ·
PP Luggage stiffener ·
Boxes ·
Table Mats ·
Disposable Cups and Trays |
GENERAL INFORMATION
|
Customers : |
·
Telco, Harita Seatings Limited ·
Samsonite, VIP Industries, Safari Industries ·
Godrej and Boyce Mfg Company Limited, Intercool ·
Shakti Plast, Featherlite Group, ·
S. M. Kannappa ·
Cadbury, HLL |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
40 Approximately (Office – 20 and Factory – 20) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Citibank N.A. Trent House, 2nd Floor, G
Block, Plot No. C60, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, ·
ICICI
Bank Limited Landmark ·
ABN
Amro Bank Sahkar Bhavan, Nariman Point, Mumbai - 400021, ·
Bank
of Mulji Jetha Market, Zaveri Bazar, Mumbai - 400003, ·
Punjab National Bank ·
Union Bank of ·
Bank of ·
The
Greater Bombay Cooperative Bank Limited |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
·
Term Loan facilities from Citibank NA are secured
by hypothecation of inventories and at present and future Book Debts of the
Company and Mortgage of the ·
Car Loan facilities from Citibank NA are secured
by hypothecation of Motor Cars
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chartered Accountant |
|
Address : |
713, |
|
|
|
|
Memberships : |
·
All ·
Plastic Exports
Promotion Council |
CAPITAL STRUCTURE
As on 29.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
175000 |
Equity Shares |
Rs.100/- each |
Rs.17.500 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
175000 |
Equity Shares |
Rs.100/- each |
Rs.17.500 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 |
17.500 |
17.500 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
26.552 |
6.354 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(3.763) |
|
|
NETWORTH |
44.052 |
23.854 |
1.237 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
37.199 |
44.873 |
24.622 |
|
|
2] Unsecured Loans |
44.900 |
38.938 |
13.292 |
|
|
TOTAL BORROWING |
82.099 |
83.811 |
37.914 |
|
|
DEFERRED TAX LIABILITIES |
1.878 |
1.762 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
128.029 |
109.427 |
39.151 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
57.270 |
50.268 |
24.078 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.003 |
0.102 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
1.684 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
28.480
|
24.213 |
1.937 |
|
|
Sundry Debtors |
66.769
|
45.183 |
9.661 |
|
|
Cash & Bank Balances |
1.496
|
3.951 |
0.429 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
16.001
|
12.974 |
4.184 |
|
Total
Current Assets |
112.746
|
86.321 |
16.211 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
26.908
|
21.606 |
2.712 |
|
|
Other Current Liabilities |
3.313
|
1.244 |
0.223 |
|
|
Provisions |
12.006
|
4.498 |
0.000 |
|
Total
Current Liabilities |
42.227
|
27.348 |
2.935 |
|
|
Net Current Assets |
70.519
|
58.973 |
13.276 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.237 |
0.084 |
0.113 |
|
|
|
|
|
|
|
|
TOTAL |
128.029 |
109.427 |
39.151 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
382.966 |
245.220 |
|
|
|
Other Income |
|
1.537 |
0.875 |
|
|
|
TOTAL (A) |
|
384.503 |
246.095 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material and Manufacturing Cost |
|
302.364 |
205.680 |
|
|
|
Administration, Selling and Distribution Cost |
|
29.483 |
16.117 |
|
|
|
Preliminary Expenses Written Off |
|
0.096 |
0.046 |
|
|
|
Increase / (Decrease) in Stock |
|
2.030 |
(0.210) |
|
|
|
TOTAL (B) |
|
333.973 |
221.663 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
50.530 |
24.462 |
|
|
|
|
|
|
|
|
|
Less |
FINANCE COST (D) |
|
11.140 |
10.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
39.390 |
13.562 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
7.076 |
6.553 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
32.314 |
7.009 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
12.116 |
0.190 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
20.198 |
6.819 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
4.946 |
(3.762) |
|
|
|
|
|
|
|
|
|
|
BALANCE OF
SURPLUS VESTED ON AMALGAMATION DURING THE YEAR |
|
0.000 |
11.008 |
|
|
|
|
|
|
|
|
|
|
AMALGAMATION
CONTROL ACCOUNT |
|
0.000 |
(7.500) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
25.000 |
1.619 |
|
|
BALANCE CARRIED
TO THE B/S |
|
0.144 |
4.946 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
13.812 |
18.226 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
13.847 |
16.072 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
(27.00) |
30.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.25
|
2.77 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.44
|
2.86 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.00
|
5.13 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.73
|
0.29 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.82
|
4.66 |
33.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.67
|
3.16 |
5.52 |
LOCAL AGENCY FURTHER INFORMATION
OPERATION AND BUSINESS
PERFORMANCE
During the year, the Company has achieved Sales of Rs.382.966 millions
as against Rs.245.220 millions in the previous year and earned a Profit after
tax of Rs.20.198 millions during the year as against Rs.6.819 millions in the
previous year. The Directors are optimistic about higher sales volumes and
profitability in the coming years.
CONTINGENT
LIABILITIES (As on 31.03.2010)
Other Money for which the Company is contingent liable - Rs.1.149
millions
WEB DETAILS
Profile
Established in the year 1996, Subject ISO 9000:2001 certified,
is one of the plastic extrusion sheets manufacturers of
A Service Company
Service is just as important as quality. Thus Arihant Group with its state-of-the-art equipment, processing and testing methods, provides the quickest turnaround time in the industry, while maintaining a high level of quality assurance. Arihant Group is committed to provide products and services meeting or exceeding customers' needs and expectations.
Company Values
Arihant Group believes in teamwork, innovation, customer satisfaction and community services.
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.48.93 |
|
|
1 |
Rs.76.52 |
|
Euro |
1 |
Rs.66.65 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
33 |
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.