MIRA
INFORM REPORT
|
Report Date : |
10.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
TERRAM GEOSYNTHETICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-704, 7th Floor, Safal Pegasus, |
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Country : |
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|
Financials (as
on) : |
31.03.2011 |
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|
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Date of
Incorporation : |
23.04.2008 |
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|
Com. Reg. No.: |
04-053659 |
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Capital
Investment / Paid-up Capital : |
Rs.90.935 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36900GJ2008PTC053659 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMT02804E |
|
|
|
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PAN No.: [Permanent Account No.] |
AACCT9217H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Geosynthetic Products |
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|
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1100000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an associate of UK based “Terram Limited”. It is a well established company having moderate track. The latest
financial is missing from government department and in the previous year
their appears losses and there is delay in the debt payment. However, trade relations are reported to be fair. Business is active.
Payments are unknown. 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in 2011
slowed because of persistently high inflation and interest rates and little
progress on economic reforms. High international crude prices have exacerbated
the government's fuel subsidy expenditures contributing to a higher fiscal
deficit, and a worsening current account deficit. Little economic reform took
place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
LONG TERM RATING : ICRA D |
|
Rating Explanation |
This rating are in default or are expected to be in default soon |
|
Date |
December, 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.
INFORMATION DECLINED BY
|
Name : |
Mr. Johar |
|
Designation : |
Office Executive |
|
Contact No.: |
91-9601751202 |
|
Date : |
07.12.2012 |
LOCATIONS
|
Registered Office : |
A-704, 7th Floor, Safal Pegasus, Anand Nagar Road,
Satellite, Ahmedabad – 380015, Gujarat, India |
|
Tel. No.: |
91-79-40064529 |
|
Mobile No.: |
91-9601751202 (Mr. Johar) |
|
Fax No.: |
91-79-40064528 |
|
E-Mail : |
pparekh@terramgeosynthetics.com |
|
Website : |
|
|
|
|
|
Branch Office : |
Survey No 141, Mitap, Sez, Mundra, Kutch - 370421, Gujarat, India |
DIRECTORS
As on 28.09.2011
|
Name : |
Mr. Nandu Kishinchand Belani |
|
Designation : |
Director |
|
Address : |
1B, Minto Park, Alipore, Kolkata - 700027, West Bengal, India |
|
Date of Birth/Age : |
02.11.1959 |
|
Date of Appointment : |
23.04.2008 |
|
DIN No.: |
00180521 |
|
|
|
|
Name : |
Mr. Kamal Kumar Narottamdas Parekh |
|
Designation : |
Director |
|
Address : |
2/10 Sarat Bose Road, Garden Apartments, Block H, Kolkata - 700020, West Bengal, India |
|
Date of Birth/Age : |
24.01.1948 |
|
Date of Appointment : |
21.05.2008 |
|
DIN No.: |
00204556 |
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|
|
|
Name : |
Mr. Shanti Kumar Narotan Mall Surana |
|
Designation : |
Director |
|
Address : |
Metro Tower, 5th Floor, 1, Ho Chi Minh Sarani, Kolkata - 700071, West Bengal, India |
|
Date of Birth/Age : |
15.04.1963 |
|
Date of Appointment : |
21.05.2008 |
|
DIN No.: |
00426112 |
|
|
|
|
Name : |
Mr. Parimal Kamal Parekh |
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Designation : |
Managing Director |
|
Address : |
2/10 Sarat Bose Road, Garden Apartments, Block H, Kolkata - 700020, West Bengal, India |
|
Date of Birth/Age : |
11.05.1976 |
|
Date of Appointment : |
23.04.2008 |
|
DIN No.: |
02094863 |
|
|
|
|
Name : |
Mr. Robert William Howse |
|
Designation : |
Director |
|
Address : |
1 Y Cedrwydden, Blackwood - NP121FD |
|
Date of Birth/Age : |
24.10.1952 |
|
Date of Appointment : |
05.08.2009 |
|
DIN No.: |
02307697 |
|
|
|
|
Name : |
Mr. John Philip Warner |
|
Designation : |
Additional Director |
|
Address : |
Park Farm House, Toppesfield Road, Finchingfield, Essex - CM74PA |
|
Date of Birth/Age : |
23.06.1970 |
|
Date of Appointment : |
29.03.2011 |
|
DIN No.: |
03413669 |
KEY EXECUTIVES
|
Name : |
Mr. Johar |
|
Designation : |
Office Executive |
|
|
|
|
Name : |
Mr. Dimple |
|
Designation : |
Ex-Marketing Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Parimal Kamal Parekh |
|
1000291 |
|
Nandu Kishinchand Belani |
|
1721184 |
|
Kamal Kumar Narottamdas Parekh |
|
1909645 |
|
Shanti Kumar Narotan Mall Surana |
|
40650 |
|
Terram Limited UK, United Kingdom |
|
2364323 |
|
IPCRESS Finance and Securities Private Limited, India (Affiliate of Nandu Kishinchand Belani) |
|
188461 |
|
Shubham Impex Private Limited, India |
|
883350 |
|
Surana Mercantiles Private Limited, India |
|
985645 |
|
Total |
|
9093549 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
26.00 |
|
Bodies corporate |
|
22.63 |
|
Directors or relatives of directors |
|
51.37 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Geosynthetic Products |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
State Bank of India, Commercial Branch, Paramsiddhi Complex, Opposite V. S. Hospital, Ellisbridge, Ahmedabad - 380009, Gujarat, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Singhi and Company Chartered Accountants |
|
Address : |
101, Turf Estate, Mahalaxmi, Mumbai- 400 011, Maharashtra, India |
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PAN No.: |
AASFS9578D |
|
|
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Associates/Joint Venture : |
Terram Limited U.K. |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9093549 |
Equity Shares |
Rs.10/- each |
Rs.90.935
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 |
90.935 |
59.377 |
25.647 |
|
|
2] Share Application Money |
0.000 |
20.000 |
0.060 |
|
|
3] Reserves & Surplus |
179.735 |
118.243 |
51.093 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
270.670 |
197.620 |
76.800 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
341.071 |
260.773 |
0.609 |
|
|
2] Unsecured Loans |
18.100 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
359.171 |
260.773 |
0.609 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
629.841 |
458.393 |
77.409 |
|
|
|
|
|
|
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|
APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
47.704 |
52.095 |
47.467 |
|
|
Capital work-in-progress |
568.288 |
376.155 |
23.961 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.924 |
2.924 |
2.924 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
15.108
|
0.000 |
6.722 |
|
|
Sundry Debtors |
0.000
|
0.000 |
4.087 |
|
|
Cash & Bank Balances |
13.203
|
27.364 |
0.508 |
|
|
Other Current Assets |
2.579
|
1.108 |
0.000 |
|
|
Loans & Advances |
1.217
|
1.163 |
3.093 |
|
Total
Current Assets |
32.107
|
29.635 |
14.410 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.321
|
2.019 |
10.991 |
|
|
Other Current Liabilities |
8.530
|
1.211 |
1.100 |
|
|
Provisions |
0.331
|
0.780 |
0.269 |
|
Total
Current Liabilities |
21.182
|
4.010 |
12.360 |
|
|
Net Current Assets |
10.925
|
25.625 |
2.050 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
1.594 |
1.007 |
|
|
|
|
|
|
|
|
TOTAL |
629.841 |
458.393 |
77.409 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
32.947 |
8.248 |
4.007 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
34.969 |
8.513 |
4.051 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(2.022) |
(0.265) |
(0.044) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(2.022) |
(0.265) |
(0.044) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.416 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
0.416 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
1.927 |
0.000 |
8.324 |
|
|
|
Capital Goods |
218.320 |
19.015 |
0.000 |
|
|
TOTAL IMPORTS |
220.247 |
19.015 |
8.324 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.022) |
(0.06) |
(1.80) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(6.14) |
(3.21) |
(1.10) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.53) |
(0.32) |
(0.07) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01) |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.41 |
1.34 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
7.39 |
1.17 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry
Creditors |
|
|
|
|
- Small micro enterprises |
0.000 |
0.000 |
0.000 |
|
- Others |
12.321
|
2.019 |
10.991 |
|
Total |
12.321
|
2.019 |
10.991 |
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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) |
No |
|
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 |
No |
|
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 |
NOTE:
The registered office address of the company has been shifted from “661,
Supath, Vijay Char Rasta, Navrangpura, Ahmedabad – 380009, Gujarat, India” to
the present address w.e.f. 06.06.2008.
NOTE:
As claimed Mr. Dimple (Ex-Marketing Head) there was a fire caused in the
office in a last month but there was no damage. They are going to start their
business activity end of December.
PROJECT REVIEW
Production line had been installed and successfully tested for the start of commercial production. Subject produced rolls of geosynthetic fabric in Aug, 2010, but could not attain the required quality standards. The problem was immediately identified with the hot air oven supplied by Schott and Meissner (Germany) to bond the fibers into a finished fabric.
Umpteen trials followed with various modifications and inputs from Schott and Meissner.in Jan,2011; Subject finally decided to install the steam bonding oven which was a proven technology and followed by Terram Limited, UK. Generation of steam also requires the installation of a boiler.
They expect to commission both the steam oven and boiler and restart the line for commercial production by end of Oct, 2011.
FINANCIAL RESULTS
During the year, the Company has earned total revenue amounting to Rs.32.947 Millions as against Rs. 8.248 Millions in the previous year. The total expenditure incurred during the year amounting to Rs.34.969 Millions as against Rs.8.513 Millions and incurred loss of Rs.2.022 Millions as against loss of Rs.0.265 Million in the previous year.
CONTINGENT
LIABILITY (AS ON 31.03.2012):
i) Estimated amount of exemption from custom duty payment availed on imported materials, samples, capital goods is of Rs.54.467 Millions and against which the Company has to meet its export obligations equivalent to the foreign exchange outgo of Rs. 233.100 Millions on imports made.
ii) Estimated amount of Bank Guarantee outstanding as on Balance Sheet date is of Rs.0.500 Millions (P.Y. Rs. NIL) iii) Estimated amount of contracts on capital account remaining to be executed and not provided for Rs. 22.324 Millions (Net of Advances Rs. 68.738 Millions) (Previous year Rs. 91.117 Millions net of advance of Rs. 252.112 Millions)
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U36900GJ2008PTC053659 |
|
Name of the company |
TERRAM GEOSYNTHETICS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
A-704, 7th Floor, Safal Pegasus, Anand Nagar Road, Satellite, Ahmedabad – 380015, Gujarat, India E-Mail Id : pparekh@terramgeosynthetics.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of charge holder |
State Bank of India, Commercial Branch, Paramsiddhi Complex, Opposite V. S. Hospital, Ellisbridge, Ahmedabad - 380009, Gujarat, India E-mail Id : rm2.cbahm@sbi.co.in |
|
Nature of instrument creating charge |
Joint Deed of Hypothecation |
|
Date of instrument Creating the charge |
05.10.2012 |
|
Amount secured by the charge |
Rs.182.800 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 1) SBI - FBWC : At 4.50 % above Base Rate i.e. 14.50% 2) SBT - WC : At 7.00 % above Base Rate i.e. 17.50% Terms of Repayment As per respective bank's sanction Margin RM (Domestic)-25%, RM (Imported)-25%, SIP-30%, FG-30%, Domestic Receivable (Cover period 60 days)-25%, Export Receivable-10%, Letter of Credit (Cover period 90 days)-15%, EPC-10%, FBD-Nil Extent and Operation of the charge All securities described at Column no. 15 have been charged in favor of SBI consortium by way of first pari passu charge over current assets and second pari passu charge over fixed assets in order to secure aggregate financial assistance limits of Rs. 182.800 Millions (total limits of SBI is Rs. 112.800 Millions and total limit of SBT is Rs. 70.000 Millions, together with interest and all other moneys payable by Company to consortium banks. Others First charge on pari-passu basis on all current assets such as RM, FG, SIT, etc. of the borrower Second charge on pari-passu basis on all the fixed assets such as plant and machineries, stores, etc. |
FIXED ASSETS:
·
Air Conditioner
·
Vehicle
·
Computer
·
Software
·
Cycle
·
Digital Camera
·
Electrical Fittings
·
Land
·
Leasehold Land
·
Office Equipments
·
Refrigerator
·
Telephone and Mobile Instruments
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 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.54.20 |
|
|
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
|
27 |
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.