MIRA
INFORM REPORT
|
Report Date : |
20.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
MECHANICAL PACKING INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15, Parsi Panchayat Road, Andheri (East), Mumbai-400069, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
07.10.1970 |
|
|
|
|
Com. Reg. No.: |
11-014818 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.400 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1970PTC014818 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM20090A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM3106A |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Gland Packings and Seal of Carbon,
Fraphite and P. T. F. E. Products |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 140000 |
|
|
|
|
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 business dealings with some caution.
|
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 |
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 : |
15, Parsi Panchayat Road, Andheri (East), Mumbai-400069, Maharashtra,
India |
|
Tel. No.: |
91-22-28236610-14 / 28329787 |
|
Fax No.: |
91-22- 28353207 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Nariman Jehangirji Palia |
|
Designation : |
Director |
|
Address : |
5B, Balmoral Hall, Mount Mary Hill Road, Bandra, Mumbai-400050,
Maharashtra, India |
|
Date of Birth/Age : |
06.10.1929 |
|
Date of Appointment : |
07.10.1970 |
|
DIN No.: |
00746383 |
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 |
U24302MH1968PTC014055 |
CHAMPION
JOINTINGS PRIVATE LIMITED |
Managing
director |
19/07/1968 |
19/07/1968 |
Active |
|
|
2 |
U99999MH1970PTC014818 |
MECHANICAL
PACKING INDUSTRIES PRIVATE LIMITED |
Director |
07/10/1970 |
07/10/1970 |
Active |
NO |
|
3 |
U28129MH1985PTC035399 |
FLUOROPOLYMER
PACKINGS AND SEALS PRIVATE LIMITED |
Director |
19/02/1985 |
19/02/1985 |
Active |
NO |
|
Name : |
Mr. Jimmy Jehangirji Palia |
|
Designation : |
Director |
|
Address : |
S-7, Cusrow Baug Colaba, Mumbai-400005, Maharashtra, India |
|
Date of Birth/Age : |
14.04.1933 |
|
Date of Appointment : |
07.10.1970 |
|
DIN No.: |
00746458 |
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 |
U24302MH1968PTC014055 |
CHAMPION
JOINTINGS PRIVATE LIMITED |
Director |
19/07/1968 |
19/07/1968 |
Active |
|
|
2 |
U99999MH1970PTC014818 |
MECHANICAL
PACKING INDUSTRIES PRIVATE LIMITED |
Director |
07/10/1970 |
07/10/1970 |
Active |
NO |
|
3 |
U28129MH1985PTC035399 |
FLUOROPOLYMER
PACKINGS AND SEALS PRIVATE LIMITED |
Director |
19/02/1985 |
19/02/1985 |
Active |
NO |
|
Name : |
Mr. Cyrus Fali Palia |
|
Designation : |
Director |
|
Address : |
82, Malcolm Baug, S. V. Road, Jogeshwari (West), Mumbai-400102,
Maharashtra, India |
|
Date of Birth/Age : |
20.10.1961 |
|
Date of Appointment : |
03.06.1991 |
|
DIN No.: |
00746510 |
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 |
U28129MH1985PTC035399 |
FLUOROPOLYMER PACKINGS
AND SEALS PRIVATE LIMITED |
Director |
19/02/1985 |
19/02/1985 |
Active |
NO |
|
2 |
U24302MH1968PTC014055 |
CHAMPION
JOINTINGS PRIVATE LIMITED |
Director |
15/12/1987 |
15/12/1987 |
Active |
|
|
3 |
U99999MH1970PTC014818 |
MECHANICAL
PACKING INDUSTRIES PRIVATE LIMITED |
Director |
03/06/1991 |
03/06/1991 |
Active |
NO |
|
4 |
U74950MH2000PTC123902 |
CHAMPION GASKETS
PRIVATE LIMITED |
Director |
28/01/2000 |
28/01/2000 |
Active |
|
Name : |
Mr. Farzad Jimmy Palia |
|
Designation : |
Director |
|
Address : |
S-7, Cusrow Baug Colaba, Mumbai-400005, Maharashtra, India |
|
Date of Birth/Age : |
23.04.1973 |
|
Date of Appointment : |
03.09.2002 |
|
DIN No.: |
00746560 |
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 |
U24302MH1968PTC014055 |
CHAMPION
JOINTINGS PRIVATE LIMITED |
Director |
01/07/1998 |
01/07/1998 |
Active |
|
|
2 |
U74950MH2000PTC123902 |
CHAMPION GASKETS
PRIVATE LIMITED |
Director |
28/01/2000 |
28/01/2000 |
Active |
|
|
3 |
U99999MH1970PTC014818 |
MECHANICAL
PACKING INDUSTRIES PRIVATE LIMITED |
Director |
03/09/2002 |
03/09/2002 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
No. of Shares |
|
Homal Fali Palia / Falia Jehangirji Palia |
600 |
|
Homal Fali Palia / Cyrus Fail Palia / Freny Cyrus Palia |
913 |
|
Cyrus Fail Palia / Homai Fail Palia / Fali Jehangirji Palia |
3640 |
|
Cyrus Fali Palia / Freny Cyrus Palia |
1200 |
|
Cyrus Fali Palia / Freny Cyrus Palia / Behroze Cyrus Palia |
2060 |
|
Mahrukh Fali Palia / Homai Fail Palia / Fali Jehangirji Palia |
800 |
|
Mahrukh f Palia / Cyrus F Palia |
203 |
|
Freny Cyrus Palia / Cyrus Fali Palia |
10 |
|
Freny Cyrus Palia / Cyrus Fali Palia / Behroze Cyrus Palia |
307 |
|
Behroze Cyrus Palia / Cyrus Fali Palia / Freny Cyrus Palia |
1181 |
|
Nariman Jehangirji Palia / Aban Nariman Palia |
1606 |
|
Aban Nariman Palia / Narman Jehangirji Palia |
1809 |
|
Khushnam Nariman Palia / Aban Nariman Palia / Nariman Jehangirji Palia |
501 |
|
Meherangiz Nariman Palia / Aban Nariman Palia / Nariman Jehangirji
Palia |
501 |
|
Minoo Jehangirji Palia / Lona Minoo Palia / Farzad Jimmy Palia |
960 |
|
Minoo Jehangirji Palia / Lona Minoo Palia / Cyrus Fali Palia |
1440 |
|
Jimmy Jehangirji Palia / Perin Jimmy Palia |
1200 |
|
Jimmy Jehangirji Palia / Perin Jimmy Palia / Farzad J Palia |
546 |
|
Perin Jimmy Palia / Jimmy Jehangirji Palia |
1380 |
|
Jasmine Jimmy Palia / Perin Jimmy Palia / Jimmy Jehangirji Palia |
500 |
|
Farzad Jimmy Palia / Perin Jimmy Palia / Jimmy Jehangirji Palia |
440 |
|
Farzad Jimmy Palia / Master Mezad Farzad Palia |
600 |
|
Farzad Jimmy Palia / Master Vehan Farzad Palia |
600 |
|
Farzad Jimmy Palia |
245 |
|
Master Mezad Farzad Palia / Farzad Jimmy Palia |
80 |
|
Farzad Jimmy Palia / Jimmy J Palia |
678 |
|
TOTAL
|
24000 |
AS ON 29.09.2011
|
Equity Shares
Break Up |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Gland Packings and Seal of Carbon,
Fraphite and P. T. F. E. Products |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
|
Asbestos Packings, Sales Carbon Graphite and Others |
Tone |
800 |
|
Carbon / Graphite Products |
Tone |
50 |
|
Asbestos Yarn / Cloth |
Tone |
500 |
|
PTFE Products |
Tone |
150 |
|
PTFE Cables and Wires |
K Mtrs |
6000 |
|
Mechanical Packings, Seals an Braided Ropes |
Tone |
250 |
|
Particulars |
Unit |
Actual
Production |
|
Asbestos Packings, Sales Carbon / Graphite Products etc |
Tone |
139 |
|
PTFE Products |
Kgs |
32906 |
|
Mechanical Packings, Seals an Braided Ropes |
Kgs |
186997 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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|
|
||||||||||||||||||
|
Bankers : |
Not Available |
||||||||||||||||||
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|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Cornelius and Davar Chartered Accountant |
|
Address : |
51, Mulla House, 3rd Floor, Mahatma Gandhi Road,
Mumbai-400023, Maharashtra, India |
|
Tel. No.: |
91-22-22047452 |
|
Fax No.: |
91-22-22049994 |
|
E-Mail : |
|
|
PAN No.: |
AAAFC2797C |
|
|
|
|
Related Parties : |
·
Flouropolymer Pkgs and Seals Private Limited ·
Sealwell Industries ·
Champion Jointings Private Limited ·
Spitmaan Industries |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24000 |
Equity Shares |
Rs.100/- each |
Rs. 2.400 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24000 |
Equity Shares |
Rs.100/- each |
Rs. 2.400 Millions |
|
|
|
|
|
Note: Of the above shares 22500 shares were allotted
as fully paid Bonus Shares by Capitalization of accumulated profits in general
reserve.
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 |
2.400 |
2.400 |
2.400 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
33.388 |
40.822 |
36.519 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
35.788 |
43.222 |
38.919 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
180.755 |
146.635 |
136.711 |
|
|
TOTAL BORROWING |
180.755 |
146.635 |
136.711 |
|
|
DEFERRED TAX LIABILITIES |
0.020 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
216.563 |
189.857 |
175.630 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
19.373 |
18.179 |
17.272 |
|
|
Capital work-in-progress |
2.575 |
2.575 |
2.575 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
99.057
|
92.975 |
99.775 |
|
|
Sundry Debtors |
58.940
|
57.406 |
49.149 |
|
|
Cash & Bank Balances |
28.065
|
36.515 |
24.472 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
49.452
|
23.018 |
23.944 |
|
Total
Current Assets |
235.514
|
209.914 |
197.340 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.321
|
10.715 |
8.715 |
|
|
Other Current Liabilities |
22.359
|
20.717 |
22.458 |
|
|
Provisions |
10.414
|
9.379 |
10.384 |
|
Total
Current Liabilities |
45.094
|
40.811 |
41.557 |
|
|
Net Current Assets |
190.420
|
169.103 |
155.783 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
4.195 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
216.563 |
189.857 |
175.630 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
179.910 |
165.929 |
153.973 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
145.928 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
182.082 |
160.302 |
145.928 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
[Including Depreciation ] |
10.755 |
8.858 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
4.741 |
3.648 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.815 |
6.014 |
5.210 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.055 |
1.711 |
1.585 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.760 |
4.303 |
3.625 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
20.858 |
17.233 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA
|
25.161 |
20.858 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
3.483 |
3.809 |
NA |
|
|
TOTAL EARNINGS |
3.483 |
3.809 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
25.928 |
28.635 |
NA |
|
|
TOTAL IMPORTS |
25.928 |
28.635 |
NA
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
156.67 |
179.30 |
151.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
2.68
|
3.62 |
3.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.89
|
2.64 |
2.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.14 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.31
|
4.34 |
4.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.22
|
5.14 |
4.75 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
FINANCIAL
HIGHLIGHTS
The performance of the company has been satisfactory. Separate financial
highlights have not been given since they are part of the accounts being
circulated.
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fittings
·
Office Equipments
·
Motor Vehicles
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. 55.70 |
|
|
1 |
Rs. 87.54 |
|
Euro |
1 |
Rs. 68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.