1. Summary Information
|
|
|
Country |
|
|
Company Name |
VIDYUT METALLICS PRIVATE LIMITED |
Principal Name 1 |
Mr. Paresh Biharilal Vyas |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ubhash Chandra Chaudhuri |
|
|
|
Registration # |
11-018405 |
|
Street Address |
Malhotra House, 4th Floor, Opposite G.P.O., Fort, Mumbai –
400001, Maharashtra |
||
|
Established Date |
06.10.1953 |
SIC Code |
-- |
|
Telephone# |
91-22-22697584 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-25823415 |
Business Style 2 |
Marketer |
|
Homepage |
Product Name 1 |
Safety Razor Blade |
|
|
# of employees |
2500 (approximately) |
Product Name 2 |
Twin Type Shaving System |
|
Paid up capital |
Rs. 106,543,000/- |
Product Name 3 |
Industrial Blade |
|
Shareholders |
Bodies corporate – 52.98% Other top fifty shareholders – 47.02% |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
No |
Business Period |
59 years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,166,252,000 |
Current Liabilities |
85,058,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
108,761,000 |
Other Liabilities |
872,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
85,930,000 |
|
Invest& other Assets |
10,690,000 |
Retained Earnings |
1,073,060,000 |
|
|
|
Net Worth |
1,199,773,000 |
|
Total Assets |
1,285,703,000 |
Total Liab. & Equity |
1,285,703,000 |
|
Total Assets (Previous Year) |
4,643,004,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
4,504,368,000 |
Net Profit |
134,893,000 |
|
Sales(Previous yr) (Total Income) |
3,755,062,000 |
Net Profit(Prev.yr) |
24,494,000 |
MIRA
INFORM REPORT
|
Report Date : |
23.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
VIDYUT METALLICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Malhotra House, 4th Floor, Opposite G.P.O.,
Fort, Mumbai – 400001, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.10.1953 |
|
|
|
|
Com. Reg. No.: |
11-018405 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 106.543 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28931MH1953PTC018405 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Marketers of Safety Razor Blades, Twin Type
Shaving System Razors, Razor Blade Manufacturing Machines and Accessories,
Industrial Blades and Industrial Knives. |
|
|
|
|
No. of Employees
: |
2500 (approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well 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 – 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 : |
Malhotra House, 4th Floor, Opposite G.P.O.,
Fort, Mumbai – 400001, |
|
Tel. No.: |
91-22-22697584 / 43414000 |
|
Fax No.: |
91-22-25823415 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Paresh Biharilal Vyas |
|
Designation : |
Whole Time Director |
|
Address : |
703, Raheja Estate, Park Land 2, A wing, 7th floor, Kulupwadi,
Boriwali [West], Mumbai 400066, Maharashtra, India |
|
Date of Birth/Age : |
12.05.1956 |
|
Date of Appointment : |
30.04.2011 |
|
DIN No.: |
00048903 |
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 |
U28931MH1953PTC018405 |
VIDYUT
METALLICS PRIVATE LIMITED |
Director |
30-09-11 |
22-09-93 |
- |
Active |
NO |
|
2 |
U28930HP2005PTC028755 |
VRM
MANAGEMENT PRIVATE LIMITED |
Director |
02-08-05 |
02-08-05 |
- |
Active |
NO |
|
3 |
U27310MH2010PTC207411 |
SUPERMAX
PERSONAL CARE PRIVATE LIMITED |
Director |
03-09-10 |
03-09-10 |
13-05-11 |
Active |
NO |
|
4 |
U93020AP1992PLC014688 |
VIDYUT
SHAVING PRODUCTS LIMITED |
Director |
30-09-11 |
28-07-11 |
- |
Active |
NO |
|
Name : |
Mr. Ubhash Chandra Rohini Kumar Datta Chaudhuri |
|
Designation : |
Director |
|
Address : |
Flat No.201, Morning Star, sherly Rajan Road, Bandra (West),
Mumbai-400050, Maharashtra, India |
|
Date of Birth/Age : |
13.05.1953 |
|
Date of Appointment : |
30.04.2011 |
|
DIN No.: |
02668713 |
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 |
U52520AP1970PTC001334 |
R.C.C.(SALES)
PRIVATE LIMITED |
Director |
10-07-09 |
10-07-09 |
Active |
NO |
|
2 |
U74899DL1990PTC039557 |
VIRGO
APPLIANCES PRIVATE LIMITED |
Director |
30-09-11 |
08-04-11 |
Active |
NO |
|
3 |
U99999MH1975PTC018139 |
TRANSAUTO
AND MECHAIDS PRIVATE LIMITED |
Director |
29-09-11 |
08-04-11 |
Active |
NO |
|
4 |
U25209AP1980PTC002671 |
RCC
PLASTICS PRIVATE LIMITED |
Director |
29-09-11 |
08-04-11 |
Active |
NO |
|
5 |
U28931MH1953PTC018405 |
VIDYUT
METALLICS PRIVATE LIMITED |
Director |
30-09-11 |
30-04-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Rajinder Kumar Malhotra |
4775207 |
|
Transauto and Mechaids Private Limited, India |
5379109 |
|
Rakesh Malhotra |
1 |
|
Total |
10154317 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
52.98 |
|
Other top fifty shareholders |
47.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Marketers of Safety Razor Blades, Twin Type
Shaving System Razors, Razor Blade Manufacturing Machines and Accessories,
Industrial Blades and Industrial Knives. |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Products : |
|
|||||||||||||||||||||
GENERAL INFORMATION
|
No. of Employees : |
2500 (approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
CLB and Associates Chartered Accountant |
|
Address : |
77, |
|
Tel. No.: |
91-22-22052224/22066860 |
|
Fax No.: |
91-22-22052224 |
|
E-Mail : |
|
|
Website : |
|
|
Pan No.: |
AAEFC1382K |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Millions |
|
500000 |
Preference Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
Total |
|
Rs. 250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10154300 |
Equity Shares |
Rs.10/- each |
Rs. 101.543
Millions |
|
50000 |
Preference Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
Total |
|
Rs. 106.543 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 |
106.543 |
106.543 |
101.543 |
|
|
2] Share Application Money |
20.170 |
20.170 |
20.170 |
|
|
3] Reserves & Surplus |
1073.060 |
935.940 |
911.712 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1199.773 |
1062.653 |
1033.425 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
1486.453 |
1560.710 |
|
|
2] Unsecured Loans |
0.000 |
259.894 |
322.036 |
|
|
TOTAL BORROWING |
0.000 |
1746.347 |
1882.746 |
|
|
DEFERRED TAX LIABILITIES |
0.872 |
102.599 |
79.033 |
|
|
|
|
|
|
|
|
TOTAL |
1200.645 |
2911.599 |
2995.204 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
108.761 |
997.438 |
905.511 |
|
|
Capital work-in-progress |
0.000 |
226.683 |
329.839 |
|
|
|
|
|
|
|
|
INVESTMENT |
10.690 |
10.690 |
10.690 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
1059.212
|
878.410 |
|
|
Sundry Debtors |
638.874
|
1959.421
|
1957.080 |
|
|
Cash & Bank Balances |
325.709
|
9.907
|
17.123 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
201.669
|
379.653
|
320.837 |
|
Total
Current Assets |
1166.252
|
3408.193 |
3173.450 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
85.058
|
1689.833
|
1105.533 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
290.547 |
|
|
Provisions |
0.000
|
41.572
|
28.206 |
|
Total
Current Liabilities |
85.058
|
1731.405 |
1424.286 |
|
|
Net Current Assets |
1081.194
|
1676.788
|
1749.164 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1200.645 |
2911.599 |
2995.204 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
|
Income |
4504.368 |
|
2989.954 |
|
|
|
Other Income |
|
|
16.253 |
|
|
|
TOTAL (A) |
4504.368 |
3755.062 |
3006.207 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
1345.868 |
|
|
|
Manufacturing expenses |
|
|
374.908 |
|
|
|
Payments to and provisions for employees |
|
|
577.146 |
|
|
|
Research and development expenses |
4059.779 |
3317.470 |
5.942 |
|
|
|
Selling, administration and other expenses |
|
|
329.226 |
|
|
|
TOTAL (B) |
4059.779 |
3317.470 |
2633.090 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
444.589 |
437.592 |
373.117 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
308.294 |
277.161 |
253.543 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
136.295 |
160.431 |
119.574 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
103.030 |
102.561 |
99.176 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
33.265 |
57.870 |
20.398 |
|
|
|
|
|
|
|
|
|
|
Depreciation for
earlier years written back |
0.000 |
0.000 |
145.049 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(101.628) |
33.376 |
67.312 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
134.893 |
24.494 |
98.135 |
|
|
|
|
|
|
|
|
|
|
Excess / (Short)
provision for taxation |
2.227 |
(0.266) |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
822.031 |
797.803 |
699.668 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
959.151 |
822.031 |
797.803 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.28 |
5.43 |
9.66 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.99
|
0.65
|
3.26 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
0.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.61
|
1.31
|
0.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.05
|
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.07
|
3.37
|
3.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
13.71
|
1.97
|
2.23 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
No |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
Yes |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
No |
|
10. Designation of contact person |
No |
|
11. Turnover of firm for last three years |
Yes |
|
12. Profitability for last three years |
Yes |
|
13. Reasons for variation <> 20% |
------ |
|
14. Estimation for coming financial year |
No |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
No |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
Yes |
|
28. Incorporation details, if applicable |
Yes |
|
29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
OPERATIONS
During the period,
the company registered a Sales Turnover (including exports) of Rs. 4504.368
Millions as compared to Rs. 3755.062 Millions in the previous year. Domestic
sales after excise duties increased from Rs. 2345.684 Millions to Rs.2221.052
Millions whereas Export sales increased from Rs. 1370.009 Millions to
Rs.1312.636 Millions during the period.
FORM 8
|
Corporate
identity number of the company |
U28931MH1953PTC018405 |
|
Name of the
company |
VIDYUT METALLICS PRIVATE
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Malhotra House, 4th Floor, Opposite G.P.O., Fort, Mumbai – 400001, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Punjab National Bank, Thakur Mansion Road, Somajiguda,
Hyderabad-500082, Andhra Pradesh, India |
|
Nature of
instrument creating charge |
Memorandum of
deposit of title deeds |
|
Date of
instrument Creating the charge |
14.05.2011 |
|
Amount secured by
the charge |
Rs. 2409.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Extent and operation of the charge The company has extended
its immovable property as collateral security for securing limits for a
Company in the name and style of "Supermax Personal Care Private
Limited". The charge shall
operate to the extent of the loan amount plus interest, commission, costs,
expenses and other charges thereon. Other The said amount
of Rs. 2409.000 millions extended under consortium arrangement as under Punjab National
Bank-1205.000 millions Oriental Bank of
Commerce-925.000 millions Andhra Bank-
279.000 millions |
|
Short particulars
of the property charged (Including location of the property) |
Survey No.29,
Hissa No.1/1, Takka No 2, 21 CTS No 39 admeasuring 2845 sq. yds and survey
No. 29, Hissa No. 1/3 (Part) admeasuring 22 3/4 Guntas. CTS No. 45
admeasuring about 3362.58 sq.mtr. The above
mentioned properties belong to the company and are situated at Naupada,
Thane, Mumbai, Maharashtra |
FIXED ASSETS
- Land, Free
hold
- Land,
Leasehold
- Staff
Quarters
- Factory
building
- Ownership
flats
- Plant and
machinery
- Air conditioner
and refrigerators
- Furniture and
fixtures
- Office
equipments
- Vehicles
- Tube well
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. 51.99 |
|
|
1 |
Rs. 83.53 |
|
Euro |
1 |
Rs. 68.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
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 |
6 |
|
--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 |
|
49 |
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.