Business
information report
1.
Summary Information
|
|
|
Country |
|
|
Company Name |
CHATTERJEE CLEANING ARTS SERVICES PRIVATE LIMITED |
Principal Name 1 |
Ms. Aparna Chatterjee |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Debtosh Chatterjee |
|
|
|
Registration # |
21-099225 |
|
Street Address |
RTC House 4 No., Suresh Sarkar Road,
Kolkata-700014, West Bengal |
||
|
Established Date |
23.07.2004 |
SIC Code |
-- |
|
Telephone# |
91-33-40004909 |
Business Style 1 |
Service Provider |
|
Fax # |
91-33-40004908 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Cleaning |
|
|
# of employees |
Not Available |
Product Name 2 |
Pest Control |
|
Paid up capital |
Rs. 6,625,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors – 100% |
Banking |
Yes Bank Limited |
|
Public Limited Corp. |
Yes |
Business Period |
8 Years |
|
IPO |
Yes |
International Ins. |
- |
|
Public Enterprise |
Yes |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2.
Summary Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
110,647,000 |
Current Liabilities |
54,605,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
28,507,000 |
|
Fixed Assets |
11,799,000 |
Other Liabilities |
9,633,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
92,745,000 |
|
Invest& other Assets |
78,000 |
Retained Earnings |
23,154,000 |
|
|
|
Net Worth |
29,779,000 |
|
Total Assets |
122,524,000 |
Total Liab. &
Equity |
122,524,000 |
|
Total Assets (Previous Year) |
95,671,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
362,933,000 |
Net Profit |
8,593,000 |
|
Sales(Previous yr) |
301,406,000 |
Net Profit(Prev.yr) |
7,205,000 |
|
Report Date : |
04.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHATTERJEE CLEANING ARTS SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
RTC House 4 No., Suresh Sarkar Road,
Kolkata-700014, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.07.2004 |
|
|
|
|
Com. Reg. No.: |
21-099225 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 6.625 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999WB2004PTC099225 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Cleaning and |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 110000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The
company is doing well. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office / Regional Offices : |
RTC House 4 No., Suresh Sarkar Road,
Kolkata-700014, West Bengal, India |
|
Tel. No.: |
91-33-40004909 / 40004904 |
|
Fax No.: |
91-33-40004908 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
BJ-182, Sector 2, Salt Lake, Kolkata-700091, West Bengal, India |
|
Tel. No.: |
91-33-40219900 |
|
Fax No.: |
91-33-40046063 |
|
|
|
|
Regional Offices : |
Located At ·
Kolkata ·
Mumbai ·
Delhi ·
Bhubaneswar ·
Bangalore
|
|
|
|
|
Sub Offices : |
Located At ·
Hyderabad ·
Indore ·
Lucknow ·
Uttar Pradesh ·
Chennai |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Ms. Aparna Chatterjee |
|
Designation : |
Director |
|
Address : |
59, Badridas Temple Street, Kolkata-700004,
West Bengal, India |
|
Date of Appointment : |
23.07.2004 |
|
DIN No.: |
00558902 |
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 |
U74999WB2004PTC099225 |
CHATTERJEE
CLEANING ARTS SERVICES PRIVATE LIMITED |
Director |
23-07-04 |
23-07-04 |
Active |
NO |
|
2 |
U51101WB2010PTC150723 |
MRINMOYEE
SUPPLY PRIVATE LIMITED |
Director |
28-06-10 |
28-06-10 |
Active |
NO |
|
3 |
U74999WB2011PTC165183 |
RISHIK
COMMODEAL PRIVATE LIMITED |
Director |
22-07-11 |
22-07-11 |
Active |
NO |
|
Name : |
Mr. Debtosh Chatterjee |
|
Designation : |
Director |
|
Address : |
59, Badridas Temple Street, Kolkata-700004,
West Bengal, India |
|
Date of Appointment : |
23.07.2004 |
|
DIN No.: |
00558933 |
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 |
U74999WB2004PTC099225 |
CHATTERJEE
CLEANING ARTS SERVICES PRIVATE LIMITED |
Director |
23-07-04 |
23-07-04 |
Active |
NO |
|
2 |
U51101WB2010PTC150723 |
MRINMOYEE
SUPPLY PRIVATE LIMITED |
Director |
28-06-10 |
28-06-10 |
Active |
NO |
|
3 |
U74999WB2011PTC165183 |
RISHIK
COMMODEAL PRIVATE LIMITED |
Director |
22-07-11 |
22-07-11 |
Active |
NO |
|
Name : |
Mr. Santosh Kumar Chatterjee |
|
Designation : |
Director |
|
Address : |
59, Badridas Temple Street, Kolkata-700004,
West Bengal, India |
|
Date of Appointment : |
30.10.2006 |
|
DIN No.: |
00699355 |
|
|
|
|
Name : |
Ms. Namita Chatterjee |
|
Designation : |
Director |
|
Address : |
59, Badridas Temple Street, Kolkata-700004,
West Bengal, India |
|
Date of Appointment : |
11.09.2007 |
|
DIN No.: |
01657269 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
No. of Shares |
|
Debtosh Chatterjee |
627000 |
|
Aparna Chatterjee |
3000 |
|
Santosh Kumar Chatterjee |
32500 |
|
Total
|
662500 |
AS ON 29.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Cleaning and Pest Control Services |
GENERAL INFORMATION
|
Customers : |
·
Aditya Birla Retail ·
Big Bazaar ·
Fashion Station ·
AMC Cookware ·
Hindusthan Petroleum ·
James Mcintosh ·
Rose Valley ·
Hotel Airlines ·
Coffee Bean and Tea Leaf ·
Anand Offset ·
UniDeritend Limited ·
Hawk Industries ·
Arctern ·
Suvi
Information ·
Maxplore
Technologies ·
Clininvent Research ·
IDA Foundation ·
Big FM ·
Times Of India ·
KPC Medical College ·
Aditya Birla Logistics ·
Artisans Micro Finance ·
SBI Life Insurance |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
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|
Bankers : |
·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra,
India ·
ICICI Bank Limited, Salt Lake ·
ABN Amro Bank ·
Citi Bank ·
HDFC Bank ·
Dhanalaxmi Bank ·
Kotak Mahindra Bank ·
HSBC Bank ·
Standard Chartered Bank |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Srimal Jain and Company Chartered Accountant |
|
Address : |
12A, N S Road, Ground Floor, Room No.3, Kolkata-700001, West Bengal,
India |
|
Tel. No.: |
91-33-22309776 / 22307670 |
|
Pan No.: |
AAIFS9178F |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
662500 |
Equity Shares |
Rs.10/- each |
Rs. 6.625
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
6.625 |
6.625 |
4.125 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
23.154 |
14.562 |
8.587 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
29.779 |
21.187 |
12.712 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
27.103 |
14.522 |
5.963 |
|
|
2] Unsecured Loans |
1.404 |
5.903 |
7.806 |
|
|
TOTAL BORROWING |
28.507 |
20.425 |
13.769 |
|
|
DEFERRED TAX LIABILITIES |
0.346 |
0.313 |
0.220 |
|
|
|
|
|
|
|
|
TOTAL |
58.632 |
41.925 |
26.701 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.799 |
9.769 |
9.779 |
|
|
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 |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
73.576
|
57.874 |
54.628 |
|
|
Cash & Bank Balances |
7.395
|
7.800 |
4.854 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
29.676
|
20.124 |
19.029 |
|
Total
Current Assets |
110.647
|
85.798 |
78.511 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.652
|
1.474 |
2.292 |
|
|
Other Current Liabilities |
52.953
|
44.157 |
53.570 |
|
|
Provisions |
9.287
|
8.115 |
5.857 |
|
Total
Current Liabilities |
63.892
|
53.746 |
61.719 |
|
|
Net Current Assets |
46.755
|
32.052 |
16.792 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.078 |
0.104 |
0.130 |
|
|
|
|
|
|
|
|
TOTAL |
58.632 |
41.925 |
26.701 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Facility Management Services |
362.933 |
301.406 |
269.571 |
|
|
|
Liability no longer requires, written off |
1.669 |
1.821 |
1.607 |
|
|
|
Discount Received |
0.000 |
0.000 |
0.003 |
|
|
|
Consultancy Fees |
0.196 |
0.000 |
0.000 |
|
|
|
Interest of Fixed Deposit |
0.326 |
0.163 |
0.163 |
|
|
|
Rounded Off |
0.000 |
0.000 |
0.006 |
|
|
|
Profit on Sale of Motor Car |
0.000 |
0.177 |
0.000 |
|
|
|
Interest on Income Tax Refund |
0.245 |
0.481 |
0.000 |
|
|
|
TOTAL |
365.369 |
304.048 |
271.350 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Stores and consumables |
9.093 |
6.845 |
8.998 |
|
|
|
Uniform for staff |
2.929 |
2.580 |
3.549 |
|
|
|
Canteen Expenses |
1.308 |
10.630 |
11.628 |
|
|
|
Salaries and Bonus |
282.862 |
223.596 |
186.746 |
|
|
|
Exgratia |
1.393 |
0.712 |
0.804 |
|
|
|
EPF Employer |
18.034 |
14.773 |
12.910 |
|
|
|
ESI Employer |
12.023 |
9.541 |
7.897 |
|
|
|
Directors Remuneration |
4.028 |
3.251 |
2.569 |
|
|
|
Rent |
1.649 |
1.575 |
1.312 |
|
|
|
Telephone, Int. and Fax Charges |
1.188 |
1.091 |
1.444 |
|
|
|
Traveling Expenses |
2.664 |
1.791 |
2.204 |
|
|
|
Other Expenses |
13.147 |
14.418 |
22.090 |
|
|
|
TOTAL |
350.318 |
290.803 |
262.151 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
15.051 |
13.245 |
9.199 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.134 |
1.917 |
2.038 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
12.917 |
11.328 |
7.161 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.324 |
4.123 |
2.877 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
8.593 |
7.205 |
4.284 |
|
|
|
|
|
|
|
|
|
|
Income Tax for
Earlier Year |
0.000 |
1.231 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
14.086 |
8.112 |
3.828 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
22.679 |
14.086 |
8.112 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.97 |
10.88 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.35
|
2.37 |
1.58 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.56
|
3.76 |
2.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.55
|
11.85 |
8.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43
|
0.53 |
0.56 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.11
|
3.52 |
5.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.73
|
1.60 |
1.27 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS
The year’s working
shows Profit of Rs.12.917
Millions which after providing for Income Tax has been carried forward to the Balance
Sheet.
FORM 8
|
Corporate
identity number of the company |
U74999WB2004PTC099225 |
|
Name of the
company |
CHATTERJEE
CLEANING ARTS SERVICES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
RTC House 4 No., Suresh Sarkar Road, Kolkata-700014, West Bengal, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge Others |
|
Particular of charge
holder |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India |
|
Nature of
instrument creating charge |
SDOH Dated
17-05-2011 |
|
Date of
instrument Creating the charge |
17.05.2011 |
|
Amount secured by
the charge |
Rs. 32.500 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Cash Credit-
YBLBR + 4.50%p.a, EROI is 14.00%p.a WCDL (SL of CC)-YBLBR
+ 4.00%p.a, EROI is 13.50%p.a Terms of repayment Cash Credit-
Repayable on Demand WCDL (SL of CC)-
60 Days Rollover Margin Cash Credit- 25%
on Book Debts(less than 90 days old) minus Creditors. WCDL (SL of CC)-25%
on Book Debts(less than 90 days old) minus Creditors. Extent and operation of the charge Exclusive Charge
on Current Assets of the Borrower (Both Present and Future). |
|
Short particulars
of the property charged (Including location of the property) |
Exclusive Charge
on Current Assets of the Borrower (Both Present and Future). |
|
Charge
identification number of the charge to be modified |
10236222 |
|
Date of
instrument modifying the charge |
15.07.2010 |
|
Particulars of
the present modification |
Existing Cash
Credit Facility has been Enhanced from INR 22.500 Millions to INR 32.500
Millions |
FIXED ASSETS
·
Air Conditioner
·
Cell Phone and Telephone
·
Fan
·
Computer System
·
Furniture
·
Machinery
·
Office Equipments
·
Innova
·
Inverter
·
Printer
·
Kitchen Equipment
·
Captive
·
Television
·
Corolla
·
Wagnor
·
Cargo
·
Refrigerator
·
Computer Software
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. 50.56 |
|
|
1 |
Rs. 81.04 |
|
Euro |
1 |
Rs. 67.48 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
|
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.