MIRA INFORM REPORT
|
Report Date : |
12.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
GANDHAR OIL REFINERY (INDIA) LIMITED |
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Formerly Known
As : |
SUNOCO INDUSTRIES PRIVATE LIMITED GANDHAR OIL REFINERY ( |
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Registered
Office : |
29/3, Sewree Premises Co-Operative Society, Sewree (East), Mumbai- 400
015, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
07.10.1992 |
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Com. Reg. No.: |
11-68905 |
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Capital
Investment / Paid-up Capital : |
Rs.115.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23200MH1992PLC068905 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMG09470G MUMG08489F |
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PAN No.: [Permanent Account No.] |
AAACG3996J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Pharmaceutical Grade Mineral Oils and
Petrolatums. |
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No. of Employees
: |
310 [In Office 110 and In Factory 200] [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2400000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an 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 dealing 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Punil |
|
Designation : |
Finance Manager |
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Contact No.: |
91-22-40635600 |
|
Date : |
24.03.2012 |
LOCATIONS
|
Registered Office : |
29/3, Sewree Premises Co. Operative Society, Sewree (East), Mumbai-
400 015, |
|
Tel. No.: |
91-22-24113667/24132804/24146105 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
10th Floor, 1001 Unique Towers, S. V. Road, Goregaon
(West), Mumbai 400062, India |
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Tel. No.: |
91-22-40635600 |
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Fax No.: |
91-22-40635601 |
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E-Mail : |
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Factory 1 : |
T-10, |
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Tel. No.: |
91-22-27412047/27401209 |
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Fax No.: |
91-22-27410408 |
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Factory 2 : |
Unit No.2, Plot No.2, Survey 678/1/3, Village Naroli,Near Naroli
Cheack Post, |
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Tel. No.: |
91-260-3293702 |
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Fax No.: |
91-260-2651120 |
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Branch Office : |
Located At: v
v
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DIRECTORS
As On 08.11.2010
|
Name : |
Mr. Ramesh Babulal Parekh |
|
Designation : |
Whole Time Director |
|
Address : |
A-802, Adarsh Classic, |
|
Date of Birth/Age : |
12.06.1954 |
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Date of Appointment : |
07.10.1992 |
|
DIN No. : |
01108443 |
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Name : |
Mr. Jitendra Babulal Parekh |
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Designation : |
Whole Time Director |
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Address : |
A-701, Adarsh Classic, |
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Date of Birth/Age : |
26.11.1952 |
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Date of Appointment : |
19.01.1995 |
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DIN No. : |
01108480 |
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Name : |
Mr. Sameer Ramesh Parekh |
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Designation : |
Managing Director |
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Address : |
A-802, Adarsh Classic, |
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Date of Birth/Age : |
12.04.1980 |
|
Qualification : |
B.Com |
|
Experience : |
7 Years |
|
Date of Appointment : |
01.04.2008 |
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DIN No. : |
02225839 |
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Name : |
Mr. Aslesh Rameshkumar Parekh |
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Designation : |
Managing Director |
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Address : |
A – 802, Adarsh Classic, Adarsh Dugdhalay Road, Off Marve Road, Malad
(West), Mumbai – 400064, Maharashtra, India |
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Date of Birth/Age : |
01.03.1982 |
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Qualification : |
M.B.A |
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Experience : |
5 Years |
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Date of Appointment : |
01.04.2008 |
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DIN No. : |
02225795 |
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|
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Name : |
Mr. Kailash Babulal Parekh |
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Designation : |
Additional Director |
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Address : |
703/A, Adarsh Classic Off, Marve Road, Malad West, Mumbai – 400064,
Maharashtra, India |
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Date of Birth/Age : |
15.04.1956 |
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Date of Appointment : |
19.01.2010 |
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DIN No. : |
02868124 |
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Name : |
Mr. Sitaram Ramgopal Choudhary |
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Designation : |
Additional Director |
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Address : |
C/55, Benher Apartment, Chanoavarkar lane, Borivali (West), Mumbai –
400092, |
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Date of Birth/Age : |
09.07.1974 |
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Date of Appointment : |
19.01.2010 |
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DIN No. : |
02873497 |
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Name : |
Mr. Rajiv Makhanlal Mattoo |
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Designation : |
Whole Time Director |
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Address : |
B-6, |
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Date of Birth/Age : |
21.12.1958 |
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Date of Appointment : |
13.08.2010 |
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DIN No. : |
01062384 |
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Name : |
Mr. Devanshu Pravinbhai Desai |
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Designation : |
Additional Director |
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Address : |
42, Dharam Prem, |
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Date of Birth/Age : |
26.02.1963 |
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Date of Appointment : |
01.04.2010 |
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DIN No. : |
00493980 |
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|
|
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Name : |
Mr. Rajiv Parekh |
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Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Punil |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 08.11.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ramesh B. Parekh |
|
200000 |
|
Jitendra B. Parekh |
|
156000 |
|
Kailash B Parekh |
|
156000 |
|
Gulab J. Parekh |
|
20000 |
|
Pooja K. Parekh |
|
16000 |
|
Kunal K. Parekh |
|
16000 |
|
Samir R. Parekh |
|
16000 |
|
Aslesh R. Parekh |
|
16000 |
|
Saurabh R. Parekh |
|
16000 |
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Diya Parekh Jointly with Ramesh Parekh |
|
16000 |
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Ramesh Parekh Jointly with Sunita Parekh |
|
103000 |
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Sunita Parekh Jointly with Ramesh Parekh |
|
44000 |
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Rajiv Parekh Jointly with Jitendra B. Parekh |
|
20000 |
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Padmini Partkh Jointly with
Kailash B Parekh |
|
20000 |
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Vithaldas G. parekh Jointly with Pravhadevi Parekh |
|
140000 |
|
Manish V Parekh |
|
20000 |
|
Neha M Parekh |
|
20000 |
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Prabhavati V Parekh |
|
20000 |
|
Sharda Creation Private Limited – |
|
50000 |
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Rajiv Jitendra Parekh |
|
10000 |
|
Kunal Kailash Parekh |
|
10000 |
|
Sameer Ramesh Parekh |
|
10000 |
|
Ashlesh Ramesh Parekh |
|
10000 |
|
Saurabh Ramesh Parekh |
|
10000 |
|
Pooja Kailash Parekh |
|
5000 |
|
Alka Rajiv Parekh |
|
5000 |
|
Sharmishtha S Parekh |
|
5000 |
|
Gangaram K Ingle |
|
15000 |
|
Divya R Parekh |
|
5000 |
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|
|
|
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Total |
|
1150000 |
As On 08.11.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
4.35 |
|
Directors
or relatives of directors |
|
76.96 |
|
Other
top fifty shareholders |
|
18.69 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical Grade Mineral Oils and
Petrolatums. |
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Products : |
v
White Oil and Paraffin Oils v
Petroleum Jellies v
Rubber Process Oils v
Transformer Oil v
Industrial Oils v
Industrial Fuels and Solvents |
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Terms : |
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Selling : |
Cash and Credit [30 and 60 days] |
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Purchasing : |
Cash and Credit [30 and 60 days] |
GENERAL INFORMATION
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No. of Employees : |
310 [In Office 110 and In Factory 200] [Approximately] |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
B. L. Sarda and Associates Chartered Accountants |
|
Address : |
61, Rajgir Chambers, 7th Floor, Opposite Old Custom House, 12/14,
Shahid Bhagat Singh Road, Mumbai-400 023, Maharashtra, India |
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Tel. No.: |
91-22-22664618/22662752 |
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Fax No.: |
91-22-22665136 |
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E-Mail : |
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Pan No.: |
AAASP1454H |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs.100 Each |
Rs.120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1150000 |
Equity Shares |
Rs.100 Each |
Rs.115.000
Millions |
|
|
|
|
|
Note:
862500 equity shares of Rs. 100/- each have
been allotted as bonus equity shares by capitalization of general reserve to the
extent of Rs. 65.000 Millions and captilisation of securities premium of Rs.
21.250 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
115.000 |
28.750 |
28.750 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
504.255 |
455.770 |
385.362 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
619.255 |
484.520 |
414.112 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.045 |
25.425 |
8.437 |
|
|
2] Unsecured Loans |
845.453 |
380.228 |
201.562 |
|
|
TOTAL BORROWING |
853.498 |
405.653 |
209.999 |
|
|
DEFERRED TAX LIABILITIES |
9.549 |
6.290 |
6.404 |
|
|
|
|
|
|
|
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TOTAL |
1482.302 |
896.463 |
630.515 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
354.059 |
324.588 |
293.776 |
|
|
Capital work-in-progress |
25.732 |
7.597 |
8.664 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.020 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
376.099
|
125.054
|
127.466 |
|
|
Sundry Debtors |
501.457
|
307.795
|
158.908 |
|
|
Cash & Bank Balances |
265.017
|
81.822
|
85.283 |
|
|
Other Current Assets |
50.788
|
21.629
|
6.617 |
|
|
Loans & Advances |
186.899
|
134.042
|
56.207 |
|
Total
Current Assets |
1380.260
|
670.342
|
434.481 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
118.842
|
51.273 |
|
|
|
Other Current Liabilities |
101.421
|
24.900
|
84.277 |
|
|
Provisions |
57.506
|
29.891
|
22.129 |
|
Total
Current Liabilities |
277.769
|
106.064
|
106.406 |
|
|
Net Current Assets |
1102.491
|
564.278
|
328.075 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1482.302 |
896.463 |
630.516 |
|
%20LIMITED%20-%20203387%20(PRELIMINARY%20REPORT)%2012-Dec-2012_files/image001.gif){kind=small}
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3069.833 |
2102.520 |
1496.819 |
|
|
|
Other Income |
119.578 |
17.142 |
12.419 |
|
|
|
TOTAL (A) |
3189.411 |
2119.662 |
1509.238 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
2698.518 |
1799.233 |
1272.019 |
|
|
|
Payments to and Provisions for Employees |
29.552 |
19.326 |
13.301 |
|
|
|
Manufacturing , Administrative and Selling Expenses |
252.622 |
158.932 |
138.429 |
|
|
|
Increase / Decrease in stock |
(43.428) |
0.310 |
(14.790) |
|
|
|
Short /Excess provision for taxation for earlier year |
(0.125) |
0.062 |
0.000 |
|
|
|
Short / Excess provision for fringe benefit tax for earlier year |
(0.020) |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
2937.119 |
1977.863 |
1408.959 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
252.292 |
141.799 |
100.279 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
27.029 |
22.318 |
14.934 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
225.263 |
119.481 |
83.345 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.007 |
5.786 |
6.080 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
216.256 |
113.695 |
79.265 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
68.259 |
38.241 |
27.148 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
147.997 |
75.454 |
52.117 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.448 |
15.039 |
7.319 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
130.000 |
80.000 |
40.000 |
|
|
|
Proposed Dividend |
11.374 |
4.312 |
3.758 |
|
|
|
Corporate Dividend Tax |
1.889 |
0.733 |
0.639 |
|
|
BALANCE CARRIED
TO THE B/S |
10.182 |
5.448 |
15.039 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
503.965 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
260.24 |
262.45 |
NA |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover [Approximately] |
|
|
4500.000 |
Expected Sales (2011-12) : Rs.5750.000 Millions.
The above information has been parted by Mr. Punil.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.64
|
3.52
|
3.45 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.04
|
5.41
|
5.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.47
|
11.43
|
10.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.23
|
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.83
|
1.06
|
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.97
|
6.32
|
4.08 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
|
Sundry Creditors |
118.842
|
51.273 |
NA |
PERFORMANCE:
During the year, the
Company achieved sales of Rs. 3069.834 Millions and earned profit after tax of
Rs. 147.853 Millions. The directors are pleased to inform that company's products getting
encouraging response from overseas market which is evident from substantial
jump in export from Rs.523.534 Millions to Rs.9190.094 Millions.
FUTURE OUTLOOK:
Looking at the strong global and domestic demand of there products, the
company is expected to grow at a very healthy pace in the current year. To
capture the said demand, the Company has planned for expansion to increase
production capacity as well as to widen product portfolio.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Name of the company |
SUNOCO INDUSTRIES PRIVATE LIMITED. |
||||||||
|
Presented By |
JOINTLY BY COMPANY
AND CHARGEHOLDER |
||||||||
|
1) Date and description of instrument creating the change |
No- Document –
Memorandum of Deposits of Title Deeds dated 19.02.2005 |
||||||||
|
2) Amount secured by the charge/amount owing on the securities of charge |
Limit :
(Amount in
Millions)
|
||||||||
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
EMG of T-10,
Taloja Industrial Area, Taluka Panvel. Dist:Raigad, |
||||||||
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Terms and
conditions same as per the agreement and Bank Sanction Letter |
||||||||
|
5) Name and Address and description of the person entitled to the charge. |
Oriental Bank of
Commerce, Fort Branch, Jash Chambers, Ground Floor, Sir P. M. Road, Fort, Mumbai-400
001, Maharashtra, India |
||||||||
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
||||||||
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
|
Corporate
identity number of the company |
U23200MH1992PLC068905 |
|
Name of the
company |
GANDHAR OIL
REFINERY ( |
|
Address of the registered
office or of the principal place of
business in |
29/3, Sewree Premises Co. Operative Society, Sewree (East), Mumbai-
400 015, |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
10161021 |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
HDFC Bank Limited HDFC Bank
Housesenapati Bapat Marg, Lower Parel W, Mumbai – 400013, E-mail: RBBform8@hdfcbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Letter of Hypothecation |
|
Date of
instrument Creating the charge |
29.11.2010 |
|
Amount secured by
the charge |
Rs.315.000
Millions |
|
Brief particulars
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 Hypothecation by
way of First Charge on Company's Stocks, Book Debts, Plant and Machinery and
Vehicles etc, to secure as a continuing security as
mentioned in Column No.15 below for the repayment of Rs.315.000 millions
together with interest, costs, charges, expenses and other moneys due and
payable by the Company to the Bank. |
|
Short particulars
of the property charged |
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, outstandings, monies receivables, claims, bills, invoice documents, contracts,
guarantees, and rights The movable plant
and machinery and vehicles, which may now or at any time hereafter belong to
the Borrower or come to the |
|
Date of last
modification prior to the present modification |
28.07.2008 |
|
Particulars of
the present modification |
The Charge shall
now stand increased from to Rs.150.000 millions to Rs.315.000 millions,
against the security of Stocks, Book Debts, Plant and Machinery and Vehicles
of the Company. |
FIXED ASSETS:
·
Tangible Assets
o Lease hold Land
o Free hold Land
o
o Building
o Plant and Machinery
o Electrical Installation
o Office and Laboratory Equipments
o Air Conditioner
o Computer
·
Intangible Assets
- 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 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.54.31 |
|
|
1 |
Rs.87.36 |
|
Euro |
1 |
Rs.70.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
|
45 |
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.