MIRA
INFORM REPORT
|
Report Date : |
04.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
AMEYA DYECHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
“Ameya Towers”, Plot No. 10, Radhakrishna Cross Road, Next to PF Office,
Akota Road, Vadodara – 390020, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.04.1996 |
|
|
|
|
Com. Reg. No.: |
04-029354 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1996PTC029354 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDT00262D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA5865B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Dealer and Importer of Industrial Special Chemicals. |
|
|
|
|
No. of Employees
: |
140
(Approximately) [Office – 100 and In Branch – 40] |
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 100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered/
Head Office : |
“Ameya Towers”, Plot No. 10, Radhakrishna Cross Road, Next to PF
Office, Akota Road, Vadodara – 390020, Gujarat, India |
|
Tel. No.: |
91-265-2336141/
42/ 43 |
|
Mobile No.: |
91-9998222111 (Mr. Bharat Bafna) |
|
Fax No.: |
91-265-2331494 |
|
E-Mail : |
|
|
Website: |
|
|
Area : |
5000 sq.ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
No. # 3, Shanthi Nagar, |
|
Mobile No.: |
91-9380017397 (Mr. Gopinath) |
|
|
|
|
Warehouse 1 : |
Jai Matadi Compound, Gala No. Q-52/ Q-53, Opposite To Rajlaxmi
Compound, Kalaher Bhiwandi-421038, |
|
Tel. No.: |
91-2522-277150/ 645067 |
|
Fax No.: |
91-9820382039 (Mr. Avinash) |
|
|
|
|
Warehouse 2 / Branch Office : |
# 8, 4th ‘E’ Cross, Maruthi Nagar, Kamakshipalya, Magadi,
Main Road, Bangalore-560079, |
|
Mobile No.: |
91-9342692985 (Mr. Kiran Kumar) |
|
|
|
|
Warehouse 3 : |
C-41, Second Floor, Okhla Industrial Area, Phase –II, |
|
|
|
|
Warehouse 4 : |
14/A, Sector “G” Near Bhawani
Nagar, |
|
Tel. No.: |
91-755-3205015/ 4077141 |
|
Mobile No.: |
91-9300660909 (Mr. Vijay Band) |
|
|
|
|
|
F-90/34, Phase
-1, Okhla Industrial Area, |
|
Tel. No.: |
91-11-51615488 /
33446110 / 32536884 |
|
Fax No.: |
91-11-51615488 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Mumbai Branch
Office : |
Shop Number 1,
New |
|
Tel. No.: |
91-22-39404034 |
|
Fax No.: |
91-22-39404034 |
|
Telefax : |
91-22-28702878 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
|
Opposite New |
|
Mobile No.: |
91-9824090241 |
|
|
|
|
|
14 A, |
|
Mobile No.: |
91-9329630044 |
|
Tel No.: |
91-755-3205015 |
|
Fax No.: |
91-755-4077141 |
|
Website: |
|
|
E-Mail : |
|
|
|
|
|
|
MCF-2580, Sector
23, Sanjay Colony, |
|
E-Mail: |
|
|
Website: |
|
|
|
|
|
Thane Branch Office : |
Gala No.1 / 2, Ansuya Vaitee Complex, Opp to Hotel Ramdev,Village Kalher. Taluka-Bhiwandi, Dist.Thane –
421302, |
|
Tel No.: |
91-2522-645067 |
|
Fax No.: |
91-2522- 277150 |
DIRECTORS
As on 24.09.2011
|
Name : |
Mrs. Madhudevi
Gautam Bafna |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
7, Matrimandir
Co-Operative Housing Society, Opposite Iscon Temple, Gotri Road, Vadodara –
390007, Gujarat, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
21.08.1967 |
||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||
|
Date of Appointment : |
07.11.2005 |
||||||||||||||||||||||||
|
DIN No.: |
01027552 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Gautam
Hirachand Bafna |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
7, Matrimandir
Co-Operative Housing Society, Opposite Iscon Temple, Gotri Road, Vadodara –
390007, Gujarat, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
04.06.1964 |
||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||
|
Date of Appointment : |
17.04.1996 |
||||||||||||||||||||||||
|
DIN No.: |
01917478 |
||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2011
|
Names of Shareholders |
No. of Shares |
|
Gautam Hirachand Bafna |
509600 |
|
Madanlal S. Phophalia |
200 |
|
Laxmi Madanlal Phophalia |
200 |
|
Kamal Somani |
200 |
|
Ugamdevi Hirachand Bafna |
200 |
|
Hirachand Bafna (HUF) |
200 |
|
Gautam Bafna (HUF) |
200 |
|
Hirachand M. Bafna |
200 |
|
Madhu Gautam Bafna |
282400 |
|
Santosh Bharat Bafna |
200200 |
|
Nirmal M. Jain |
200 |
|
Chananmal M Bafna (HUF) |
200 |
|
Gunwati R Jariwala |
200 |
|
Kamal M Dhoot (HUF) |
200 |
|
Pratik K Somani |
200 |
|
Radha K Somani |
200 |
|
Sarita Ramavatar Lakhpati |
200 |
|
Pukharaj M Phophalia (HUF) |
200 |
|
Kokila H. Patel |
200 |
|
Hashmukh D. Patel (HUF) |
200 |
|
Mandanlal Pukharaj Phophalia (HUF) |
200 |
|
Kamal M Somani (HUF) |
200 |
|
Nawal Somani |
200 |
|
Ramavta G Lakhpati (HUF) |
200 |
|
Ramavtar Lakhpati |
200 |
|
Rekha Vashi |
200 |
|
Shakuntla Modi |
200 |
|
Surajmal Madanlal Phophalia (HUF) |
200 |
Equity Share Break up (Percentage of Total Equity)
As on 24.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Dealer and Importer of Industrial Special Chemicals. |
|
|
|
|
Products : |
· Silicones · Offset Printing Industry · Label Printing Industry · Web Offset Printing Industry · Coding and Labeling Solutions · Printing Plates · Information Technology ·
Biotechnology ·
Water Proofing ·
Water Treatment |
GENERAL INFORMATION
|
No. of Employees : |
140
(Approximately) [Office – 100 and In Branch – 40] |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· State Bank of Indore, Alkapuri Branch, Vadodara, Gujarat, India · Axis Bank Limited · Yes Bank Limited, 9th Floor, Nehru Centre Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India · Bank of India · State Bank of Saurashtra · ICICI Bank Limited · HDFC Bank Limited, HDFC Bank Houses Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India ·
Centurion Bank of Punjab Limited, Ground
Floor, Productivity House, Productivity Road, Alkapuri, Vadodara – 390 007,
Gujarat, India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. H. Bhatt and
Company Chartered
Accountants |
|
Address : |
S/8, |
|
Tel. No.: |
91-265-2352553/
2351736 |
|
Mobile No.: |
91-9824079480 |
|
PAN.: |
ABWPB6628C |
|
|
|
|
Enterprises over which the Key Management Personnel alongwith their
relatives have significant influence : |
·
Gautam Bafna Family Trust ·
Sunrise Yarn and Fibres Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000
Millions |
|
|
|
|
|
Note:
(Out of above shares,
4,00,000 shares have been alloted by way of Bonus Shares by Capitalisation)
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 |
10.000 |
10.000 |
4.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
24.773 |
20.407 |
18.385 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
34.773 |
30.407 |
22.385 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
131.490 |
98.687 |
76.820 |
|
|
2] Unsecured Loans |
37.431 |
58.207 |
65.245 |
|
|
TOTAL BORROWING |
168.921 |
156.894 |
142.065 |
|
|
DEFERRED TAX LIABILITIES |
1.073 |
0.871 |
0.659 |
|
|
|
|
|
|
|
|
TOTAL |
204.767 |
188.172 |
165.109 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
37.541 |
37.419 |
23.154 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
3.940 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.015 |
0.015 |
0.015 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
76.547
|
74.489
|
89.024
|
|
|
Sundry Debtors |
141.596
|
152.586
|
131.276
|
|
|
Cash & Bank Balances |
20.166
|
1.661
|
2.346
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
11.419
|
11.189
|
10.176
|
|
Total
Current Assets |
249.728
|
239.925
|
232.822
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
71.277
|
80.975
|
85.846
|
|
|
Other Current Liabilities |
7.524
|
4.273
|
6.526
|
|
|
Provisions |
3.811
|
4.047
|
2.571
|
|
Total
Current Liabilities |
82.612
|
89.295
|
94.943
|
|
|
Net Current Assets |
167.116
|
150.630
|
137.879
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.095 |
0.108 |
0.121 |
|
|
|
|
|
|
|
|
TOTAL |
204.767 |
188.172 |
165.109 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from operations |
495.144 |
476.131 |
412.983 |
|
|
|
Other Income |
16.220 |
9.610 |
10.167 |
|
|
|
TOTAL (A) |
511.364 |
485.741 |
423.150 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
409.209 |
393.549 |
331.539 |
|
|
|
Other Direct Cost |
4.279 |
4.172 |
5.700 |
|
|
|
Selling & Administrative Expenses |
66.878 |
59.458 |
58.516 |
|
|
|
TOTAL (B) |
480.366 |
457.179 |
395.755 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
30.998 |
28.562 |
27.395 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
18.749 |
17.017 |
17.910 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12.249 |
11.545 |
9.485 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.972 |
3.604 |
2.544 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.277 |
7.941 |
6.941 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.329 |
2.335 |
2.655 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
4.948 |
5.606 |
4.286 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
19.406 |
18.385 |
14.334 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
4.000 |
0.000 |
|
|
|
Dividend |
0.500 |
0.500 |
0.200 |
|
|
|
Tax on Dividend |
0.081 |
0.085 |
0.034 |
|
|
BALANCE CARRIED
TO THE B/S |
23.773 |
19.406 |
18.386 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.95 |
7.00 |
5.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.97 |
1.15 |
1.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.47 |
1.67 |
1.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.53 |
2.86 |
2.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.26 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.23 |
8.09 |
10.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.02 |
2.69 |
2.43 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The situation of the registered office of the company was changed from A/1, Kashivishweshwar Township, Jetalpur Road, Vadodara - 390007, Gujarat to the present address w.e.f. 10.09.2009.
FORM 8
|
Corporate
identity number of the company |
U24231GJ1996PTC029354 |
|
Charge
identification number of the modified |
10075801 |
|
Name of the
company |
AMEYA DYECHEM
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
“Ameya Towers”, Plot No.10, Radhakrishna Cross Road, Next to PF
Office, Akota Road, Vadodara – 390020, Gujarat, India Email Id : gopalrana@ameyindia.com |
|
This form is for |
Modification of
Charge |
|
Charge
identification number |
10077567 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank Houses Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India Email Id : RBBform8@hdfcbank.com |
|
Nature of
instrument creating charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Deposit of Title Deeds
|
|
Date of
instrument Creating the charge |
30.08.2010 |
|
Amount secured by
the charge |
Rs.133.750
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 : Working Capital
facility shall payable On Demand Term Loan
facility shall repayable in suitable installments Margin : As may be
stipulated by the Bank from time to time Extent and
operation of the charge : The Company accorded and gave oral consent to Bank to
continue to hold and retain the title deeds (by way of Constructive delivery)
in respect of its immovable properties as stated under Item No.15 below, as
security for repayment of Rs.133.750 Millions by the Company, together with
principal, interest, liquidated damages, costs, charges and expenses |
|
Short particulars
of the property charged (Including location of the property) |
Immovable
property situate at TPS No.1, FP No.24, Sub Plot No.10, Universal House, Near
Akota Stadium, Akota Ta-District and Sub- Dist Baroda in state of Gujarat,
India |
|
Date of last
modification prior to present modification |
09.02.2010 |
|
Particulars of
the present modification |
The equitable mortgage/charge
shall now stand increased from Rs.113.750 Millions to Rs.133.750 Millions, in
favour the Bank |
Contingent Liabilities not provided for (As on 31.03.2011):
Bank Guarantee – Rs.9.084 Millions
Letter of Credit – Rs.41.640 Millions
Buyer’s Credit – Rs.10.833 Millions
Fixed Assets:
- Air Conditioner
- Car
- Air Cooler
- Cell Phone
- Digital Camera
- EPABX Systems
- Fax Machine
- Inverter
- Computer
- Fan
- Furniture
- Machinery
- Mobile instrument
- Scooter
- Tools and Equipments
- Water Cooler
- T .V
- Fire Extinguisher
- Projector
- Water cooler and purifier
- Metering Pump
- General Pump
- Spectrophotometer
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.48.96 |
|
|
1 |
Rs.77.46 |
|
Euro |
1 |
Rs.64.40 |
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 |
YES |
|
--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.