|
Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
EMCO DYESTUFF PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6 Surbhi Apartment, Behind Centurion Bank, Mandpeshwar Road, Borivali (West), Mumbai – 400 092, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.04.1990 |
|
|
|
|
Com. Reg. No.: |
11-056053 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.001 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1990PTC056053 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME01774D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE1167D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importers, Exporters, Buyers and Sellers of and Dealers in all kinds of Chemicals, Organic. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as decent. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 2B |
|
Rating Explanation |
High performance capability and moderate financial strength. |
|
Date |
May 2011 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office / Head Office : |
6 Surbhi Apartment, Behind Centurion Bank, Mandpeshwar Road, Borivali (West), Mumbai – 400 092, Maharashtra, India |
|
Tel. No.: |
91-22-61949000 / 28943521 |
|
Fax No.: |
91-22-61949090 / 28945431 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Kosha Chemtech Private Limited, Plot No.7119 / 7120 / 7121 / 7122, Road No.71, GIDC, Sachin, Surat-384230, Gujarat, India |
|
|
|
|
Factory 2 : |
Shed No. C-1/B-2526, GIDC, Near Asian Paints Chokdi, Mandpeshwar Road, Ankleshwar-393002, Gujarat, India |
|
|
|
|
Branch Office 1 : |
201, Garadia House,
100/104, |
|
|
|
|
Branch Office 2 : |
A-305, |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Arvind Kasturchand Shah |
|
Designation : |
Director |
|
Address : |
A/502, Pleasant Palace, 8 Sodawala Lane, Borivali (West), Mumbai - 400092, Maharashtra, India |
|
Date of Birth/Age : |
20.11.1953 |
|
Date of Appointment : |
03.04.1990 |
|
DIN No.: |
00621676 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24110MH1990PTC056053 |
EMCO
DYESTUFF PRIVATE LIMITED |
Director |
03/04/1990 |
03/04/1990 |
Active |
NO |
|
2 |
U24233MH2010PTC207630 |
KOSHA
CHEMTECH PRIVATE LIMITED |
Director |
14/09/2010 |
14/09/2010 |
Active |
NO |
|
Name : |
Mr. Mukundchandra Kasturchand Shah |
|
Designation : |
Director |
|
Address : |
A/102, Pleasant Palace, Sodawala Lane, Borivali (West), Mumbai - 400092, Maharashtra, India |
|
Date of Birth/Age : |
14.12.1955 |
|
Date of Appointment : |
03.04.1990 |
|
DIN No.: |
00621783 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24110MH1990PTC056053 |
EMCO
DYESTUFF PRIVATE LIMITED |
Director |
03/04/1990 |
03/04/1990 |
Active |
NO |
|
2 |
U24233MH2010PTC207630 |
KOSHA
CHEMTECH PRIVATE LIMITED |
Director |
14/09/2010 |
14/09/2010 |
Active |
NO |
|
Name : |
Mr. Bipin Kasturchand Shah |
|
Designation : |
Director |
|
Address : |
B/504, Pleasant Palace, Sodawala Lane, Borivali (West), Mumbai - 400092, Maharashtra, India |
|
Date of Birth/Age : |
12.07.1958 |
|
Date of Appointment : |
03.04.1990 |
|
DIN No.: |
00621988 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24110MH1990PTC056053 |
EMCO
DYESTUFF PRIVATE LIMITED |
Director |
03/04/1990 |
03/04/1990 |
Active |
NO |
|
2 |
U24233MH2010PTC207630 |
KOSHA
CHEMTECH PRIVATE LIMITED |
Director |
14/09/2010 |
14/09/2010 |
Active |
NO |
|
Name : |
Mr. Prakash Kasturchand Shah |
|
Designation : |
Director |
|
Address : |
A/302, Pleasant Palace, Sodawala Lane, Borivali (West), Mumbai - 400092, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1963 |
|
Date of Appointment : |
03.04.1990 |
|
DIN No.: |
00617254 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24110MH1990PTC056053 |
EMCO
DYESTUFF PRIVATE LIMITED |
Director |
03/04/1990 |
03/04/1990 |
Active |
NO |
|
2 |
U24233MH2010PTC207630 |
KOSHA
CHEMTECH PRIVATE LIMITED |
Director |
14/09/2010 |
14/09/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Bipin K Shah |
4020 |
|
Mukund Kasturchand Shah |
5020 |
|
Prakash Kasturchand Shah |
520 |
|
Arvind Kasturchand Shah |
5970 |
|
Kundan Arvind Shah |
4040 |
|
Sweta Prakash Shah |
2040 |
|
Dahiben K Shah |
1015 |
|
Dipika Bipin Shah |
3535 |
|
Bipin K Shah HUF |
10 |
|
Bharti M Shah |
2530 |
|
Mukund Kasturchand Shah HUF |
10 |
|
Prakash Kasturchand Shah HUF |
10 |
|
Kasturchand M Shah |
10 |
|
Devendra S Shah |
5 |
|
Sharmil Arvind Shah |
2065 |
|
Arvind Kasturchand Shah HUF |
2400 |
|
Sanket A Shah |
2000 |
|
Ruchir M Shah |
2000 |
|
Swapnil B Shah |
2800 |
|
Atul Maniar |
5 |
|
Dimple Atul Maniar |
5 |
|
TOTAL
|
40010 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importers, Exporters, Buyers and Sellers of and Dealers in all kinds of Chemicals, Organic. |
GENERAL INFORMATION
|
Suppliers : |
·
Aarti Organic ·
Aastha Trading company ·
Abhinav Industries ·
Ashish Interchem Private Limited ·
Bansari Intermediates Private Limited ·
Bhageria Dye Chem Limited ·
Dispo Dye Chem Private Limited ·
Girish Roadways ·
Global Industries ·
Indo Colchem Limited ·
J J Traders ·
Jainik Industries ·
Jiangsu Xing Chang Jiang International Company
Limited ·
Multi Organics Private Limited ·
Metropolitan Eximchem Limited |
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|
Customers : |
·
Aagam Marketing ·
Akshar Industries ·
Alex Organics ·
Amita Chemicals Industries ·
Amogh Chemicals Private Limited ·
Anupam Colours Private Limited ·
Camex Limited ·
Chromatic India Limited ·
CS Specialty Chemicals Private Limited ·
Dhara Enterprises ·
Disha Dye Chem Private Limited ·
Exochem Limited ·
Finar Chemicals Limited ·
Flora Chemicals ·
Godrej Industries Limited |
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|
No. of Employees : |
Not Available |
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|
Bankers : |
· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India · Tamilnadu Mercantile Bank Limited, Goradia House, 1st Floor, 101-104, Kazi Sayed Street, Mandvi, Masjid, Mumbai - 400 003, Maharashtra, India · State Bank of India |
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jayesh P Shah and Company Chartered Accountants |
|
Address : |
10, Ruturaj, |
|
E-Mail : |
|
|
PAN No.: |
ACRPS7966E |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40010 |
Equity Shares |
Rs.100/-
each |
Rs. 4.001
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 |
4.001 |
4.001 |
4.001 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
46.664 |
38.872 |
31.294 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
50.665 |
42.873 |
35.295 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7.514 |
3.510 |
0.810 |
|
|
2] Unsecured Loans |
94.353 |
92.021 |
58.579 |
|
|
TOTAL BORROWING |
101.867 |
95.531 |
59.389 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
152.532 |
138.404 |
94.684 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.068 |
8.269 |
5.118 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
10.673 |
11.664 |
22.302 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
67.732
|
61.640 |
36.571 |
|
|
Sundry Debtors |
133.564
|
134.270 |
75.238 |
|
|
Cash & Bank Balances |
2.226
|
7.943 |
7.706 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
9.571
|
11.249 |
9.922 |
|
Total
Current Assets |
213.093
|
215.102 |
129.437 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
72.753
|
87.221 |
54.239 |
|
|
Other Current Liabilities |
3.183
|
3.058 |
1.793 |
|
|
Provisions |
4.366
|
6.352 |
6.141 |
|
Total
Current Liabilities |
80.302
|
96.631 |
62.173 |
|
|
Net Current Assets |
132.791
|
118.471 |
67.264 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
152.532 |
138.404 |
94.684 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
NET SALES |
582.149 |
513.663 |
468.088 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
12.109 |
11.656 |
7.005 |
|
|
|
|
|
|
|
Less |
TAX |
4.317 |
4.078 |
2.386 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
7.792 |
7.578 |
4.619 |
|
|
|
|
|
|
|
|
IMPORTS |
258.892 |
246.128 |
NA
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
194.75 |
-- |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
2.08
|
2.27 |
1.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.45
|
5.22 |
5.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.27 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.60
|
4.48 |
3.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.65
|
2.23 |
2.08 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
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 |
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 |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency
Rating, if available |
Yes |
FORM 8
|
Corporate
identity number of the company |
U24110MH1990PTC056053 |
|
Name of the
company |
EMCO DYESTUFF
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
6 Surbhi Apartment, Behind Centurion Bank, Mandpeshwar Road, Borivali (West), Mumbai – 400 092, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the charge to be modified |
10255861 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
Nature of
instrument creating charge |
a] Supplementary
Letter of Hypothecation. b] Memorandum
Recording Past Transaction of Creation of Mortgage by Delivery of Title
Deeds. [Collectively
constitute a single charge for Rs.40.000 Millions]. |
|
Date of
instrument Creating the charge |
19.05.2012 |
|
Amount secured by
the charge |
Rs. 40.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of repayment On demand. Margin As may be
stipulated by the Bank from time to time. Extent and operation of the charge [a] Hypothecation
by way of First Charge on Company's Stock and Book Debts etc. [b] The Company
accorded and gave oral consent to Bank to continue to hold and retain the
title deeds [by way of Constructive delivery], as security for repayment of
Rs. 40.000 Millions together with principal, interest, liquidated damages,
costs, charges and expenses. |
|
Short particulars
of the property charged (Including location of the property) |
Stock-in-trade,
consisting of raw materials, goods in process of manufacturing finished
goods, and other merchandise whatsoever being movable properties All the Debts,
that is, all the book debts, out standings, monies receivables, claims, bills, invoice documents, contracts,
guarantees Immovable
properties situated at Office No 201, 2nd Floor, Raghuveer Apartment,
Junction of S. V. Road and Ganjawala lane, Borivali (West) 400 103. Immovable
properties situated at Office No 202, 2nd Floor, Raghuveer Apartment,
Junction of S. V. Road and Ganjawala lane, Borivali (West) Mumbai. |
|
Date of instrument
modifying the charge |
01.01.2011 |
|
Particulars of
the present modification |
The charge shall
now stand increased from Rs.20.000 Millions to Rs.40.000 Millions in favour
of the Bank against the security of stocks, book debts and immovable properties
situated at Borivali (West) Mumbai. |
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. 55.14 |
|
|
1 |
Rs. 86.00 |
|
Euro |
1 |
Rs. 68.31 |
INFORMATION DETAILS
|
Report Prepared by
: |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.