BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
GODAVARI POLYMERS PRIVATE LIMITED |
Principal Name 1 |
MR. C. VENKATESHWAR RAO |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. C. RAJENDRA KUMAR |
|
|
|
Registration # |
01-011620 |
|
Street Address |
315, MINERVA
COMPLEX, |
||
|
Established Date |
22.08.1990 |
SIC Code |
-- |
|
Telephone# |
91-40-27842092 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-40-27819467 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
HDPE PIPES |
|
|
# of employees |
445 (APPROXIMATELY) |
Product Name 2 |
FITTINGS |
|
Paid up capital |
RS.23,000,000/- |
Product Name 3 |
SPRINKLER |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS – 100% |
Banking |
STATE BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
21 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
--
|
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
463,963,000
|
Current Liabilities |
285,407,000
|
|
Inventories |
149,786,000
|
Long-term Liabilities |
297,932,000 |
|
Fixed Assets |
139,781,000 |
Other Liabilities |
23,581,000
|
|
Deferred Assets |
0,000 |
Total Liabilities |
606,920,000 |
|
Invest& other Assets |
451,000 |
Retained Earnings |
124,061,000 |
|
|
|
Net Worth |
147,061,000 |
|
Total Assets |
753,981,000 |
Total Liab. & Equity |
753,981,000 |
|
Total Assets (Previous Year) |
426,072,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
1,219,694,000 |
Net Profit |
43,229,000 |
|
Sales(Previous yr) |
870,284,000 |
Net Profit(Prev.yr) |
25,748,000 |
MIRA
INFORM REPORT
|
Report Date : |
08.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
GODAVARI POLYMERS PRIVATE LIMITED |
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|
|
|
Registered Office
: |
315, Minerva Complex, |
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|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.08.1990 |
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|
|
|
Com. Reg. No.: |
01-011620 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.23.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24134AP1990PTC011620 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDG01490G |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACG7496H |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is into manufacture of HDPE Pipes, Fittings, Sprinkler and
Drip Irrigation Systems. |
|
|
|
|
No. of Employees
: |
445 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 588000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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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 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 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office/ Sales and |
315, Minerva Complex, |
|
Tel. No.: |
91-40-27842092 |
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Fax No.: |
91-40-27819467 |
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E-Mail : |
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Website : |
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Sales and Service Centers : |
Also located at: v
Pune v
Chennai v
Jaipur v
v
Ambala |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. C. Venkateshwar Rao |
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Designation : |
Managing Director |
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Address : |
3-6-731, Himayath
Nagar, |
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Date of Birth/Age : |
28.08.1965 |
||||||||||||||||||||||||
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Date of Appointment : |
22.08.1990 |
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DIN No.: |
00987499 |
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Other Directorship :
|
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||||||||||||||||||||||||
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Name : |
Mr. C. Rajendra Kumar |
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Designation : |
Director |
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Address : |
2/2/23/22/9A,
Durgabhai Deshmukh Colony, Baghamberpet, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
01.08.1960 |
||||||||||||||||||||||||
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Date of Appointment : |
22.08.1990 |
||||||||||||||||||||||||
|
DIN No.: |
01000041 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
C. Chandra Praksh |
|
119000 |
|
C. Janardhan Rao |
|
45000 |
|
C. Rajendra Kumar |
|
995146 |
|
C. Venkateshwar Rao |
|
1110074 |
|
C. Ramesh Kumar |
|
119000 |
|
K. Sarat Kumar |
|
3869 |
|
C. Manjula |
|
6054 |
|
C. Parineeta |
|
118800 |
|
C. Pavitra Laxmi |
|
1127 |
|
C. Sudha Rani |
|
122342 |
|
C. Sashi Rekha |
|
15218 |
|
C. Mamatha |
|
57500 |
|
C. Sharada |
|
25870 |
|
C. Harika |
|
61000 |
|
Total |
|
2800000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is into manufacture of HDPE Pipes, Fittings, Sprinkler and
Drip Irrigation Systems. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
445 (Approximately) |
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Bankers : |
v
State Bank of v
ICICI
Bank Limited v
HDFC
Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai
– 400013, v
Dena
Bank, v
Dena
Bank, Jaipur v
Dena
Bank, Chennai v
Dena
Bank, v
Dena
Bank, Ambala v
Corporation
Bank |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
|
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Financial Institution : |
Sundaram Finance
Limited, |
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|
|
|
Auditors : |
|
|
Name : |
Gokhale and Company Chartered Accountants |
|
Address : |
3-6-322, Off No 306, Mahavir House, Basheerbagh, |
|
Tel. No.: |
91-40-23221167/ 23228874 |
|
E-Mail : |
|
|
PAN No.: |
AAFFG3439E |
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|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
v
Badri Exports Private Limited, v
Godavari Plasto Containers Private Limited, |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2800000 |
Equity Shares |
Rs.10/- each |
Rs.28.000
millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2300000 |
Equity Shares |
Rs.10/- each |
Rs.23.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2300000 |
Equity Shares |
Rs.10/- each |
Rs.23.000 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 |
23.000 |
18.000 |
18.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
124.061 |
86.688 |
62.587 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
147.061 |
104.688 |
80.587 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
156.240 |
66.508 |
57.150 |
|
|
2] Unsecured Loans |
141.692 |
104.609 |
90.186 |
|
|
TOTAL BORROWING |
297.932 |
171.117 |
147.336 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
444.993 |
275.805 |
227.923 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
139.781 |
99.456 |
91.192 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.451 |
0.351 |
0.351 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
149.786
|
52.179 |
36.455 |
|
|
Sundry Debtors |
407.369
|
231.635 |
157.015 |
|
|
Cash & Bank Balances |
1.866
|
5.538 |
0.855 |
|
|
Other Current Assets |
48.486
|
30.815 |
33.475 |
|
|
Loans & Advances |
6.242
|
6.098 |
5.560 |
|
Total
Current Assets |
613.749
|
326.265 |
233.360 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
271.835
|
121.812 |
74.315 |
|
|
Other Current Liabilities |
13.572
|
11.758 |
10.750 |
|
|
Provisions |
23.581
|
16.697 |
11.915 |
|
Total
Current Liabilities |
308.988
|
150.267 |
96.980 |
|
|
Net Current Assets |
304.761
|
175.998 |
136.380 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
444.993 |
275.805 |
227.923 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1219.694 |
870.284 |
649.917 |
|
|
|
Other Income |
18.786 |
14.708 |
1.720 |
|
|
|
TOTAL (A) |
1238.480 |
884.992 |
651.637 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of |
704.492 |
489.855 |
368.259 |
|
|
|
Manufacturing Expenses |
120.943 |
82.352 |
71.785 |
|
|
|
Benefits to Employees |
51.309 |
39.425 |
25.397 |
|
|
|
Administrative Expenses |
26.704 |
16.856 |
13.598 |
|
|
|
Selling Expenses |
154.540 |
128.265 |
91.955 |
|
|
|
Project Expenses |
48.645 |
44.957 |
21.827 |
|
|
|
TOTAL (B) |
1106.633 |
801.710 |
592.821 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
131.847 |
83.282 |
58.816 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
FINANCIAL EXPENSES (D) |
59.183 |
37.443 |
34.701 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
72.664 |
45.839 |
24.115 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.835 |
6.749 |
5.875 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
63.829 |
39.090 |
18.240 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
20.600 |
13.342 |
6.093 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
43.229 |
25.748 |
12.147 |
|
|
|
|
|
|
|
|
|
|
Income Tax Prior Period |
(3.140) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
2.300 |
1.800 |
1.464 |
|
|
|
Dividend Distribution Tax |
0.382 |
0.000 |
0.000 |
|
|
|
Transfer to General Reserve |
37.407 |
23.948 |
10.683 |
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
18.80 |
14.30 |
7.07 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.49
|
2.91 |
1.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.23
|
4.49 |
2.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.47
|
9.18 |
5.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43
|
0.37 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.13
|
3.07 |
3.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.99
|
2.17 |
2.41 |
LOCAL AGENCY FURTHER INFORMATION
PERFORMANCE OF THE COMPANY:
During the year, the
company has shown excellent results making best use of the market forces and
has taken advantage of the various business opportunities that has come its
way. The sale turnover of the company has crossed Rs.1000.000 millions marking
new milestone in the history of the company. The performance of the Company has
been improving steadily and this may be attributed to greater focus on
achieving operating efficiencies, cost containment and concentration on
products with high margins. The directors are making incessant efforts in
further increasing the turnover, and are very much confident of achieving
better results in coming years.
MANAGEMENT ANALYSIS:
Industry Structure
and Developments:
The Company is into
manufacture of HDPE Pipes, Fittings, Sprinkler and Drip Irrigation Systems. The
same are integral part of water management and distribution system in sectors
of domestic, agriculture, irrigation and potable water supply. The industry is
moving in an dynamic manner by evolving from a nascent stage. Due to thrust
shown on the water management systems by various government bodies and agencies
along with effective policy guidelines drawn in recent past industry is gaining
share at very fast pace opening up new opportunities to company.
Product
Performance:
The products manufactured by the company are of high quality and most of
them are having certification from Bureau of Indian Standards. Company has
processed and sold a quantity of 4161154 meters during the year 2010-11 and
complaints / defects are very low [less than .01%]. This is been achieved due
to high manufacturing standards and good manufacturing practices followed at
production level. The manufacturing plant is certified with ‘Quality Management
Systems’ and by TUV of Germany under ISO: 9001 series, though the certification
is in force from more than five years continual improvement in the process is
practiced by the company in every area of operation.
Outlook:
Overall the
outlook for company is very bright and positive in years to come. During the
forthcoming years company is planning to implement its expansion program
wherein facilitating to produce most of items outsourced which will enhance the
quality parameters in overall and reduce dependency on outsourced material.
FORM 8:
|
Corporate
identity number of the company |
U24134AP1990PTC011620 |
|
Name of the
company |
GODAVARI POLYMERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
315, Minerva Complex, E-Mail: finance@godavaripipe.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable Property
(not being pledge) |
|
Particular of
charge holder |
CIN No.:
L65920MH1994PLC080618 HDFC Bank
Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai –
400013, E-Mail: Ranjith.Fernando@hdfcbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement Loan
and Guarantee. Contracts
No:042378965 = [(Rs.0.950 million x
4COUNTS = Rs.3.800 millions) + Rs.0.510 million] = Rs.4.310 millions |
|
Date of
instrument Creating the charge |
02.12.2011 |
|
Amount secured by
the charge |
Rs.4.310 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest @ 11.19
% p.a. Interest @ 10.69%
p.a. Terms of
Repayment: The Loan is
repayable in 35 EMIs of Rs.0.124 million (Rs.0.031 million X 4counts) With Advance
1 EMI, Starting from 1st January, 2012 ending to 1st
November, 2014. The Loan is
repayable in 35 EMIs of Rs.0.016 million With Advance 1 EMI, Starting from 1st
January, 2012 ending to 1st November, 2014. Margin: As may stipulated
by bank from time to time Extent and
Operation of the charge: The Company
hypothecates to and charges in favour of the Bank by way of first and
exclusive charge of the Vehicle/ equipment as security for the
repayment/payment by the company of the loan granted or to be granted to the
company by the Bank together with all fees, interest, costs and expenses
incurred/to be incurred by the Bank and all other monies payable or to become
payable by the company to the Bank. Others: The Bank shall be
absolutely entitled and have full power and authority to sell, assign or
transfer in any manner, in whole or in part, and in such manner and on such
terms as the Bank may decide, including reserving a right to the Bank to
retain its power to proceed against the company on behalf of the purchaser,
assignee or transferee, any or all outstanding dues of the company, to any
third party of the Bank's choice without reference to or without written
intimation to the company |
|
Short particulars
of the property charged |
Hypothecation of 5
nos. of vehicle namely: 3 no. of Eicher 10.90, 1 no. of Eicher 10.95, 1 no.
of Tata 207 (Year of manufacture -
2011) |
FIXED ASSETS:
v Land (Factory)
v Buildings (Factory)
v Buildings (Office)
v CWIP – Buildings
v Plant and Machinery
v Vehicles and Office Equipment
WEBSITE DETAILS:
PROFILE:
Subject is one of the manufacturers of HDPE pipes and Sprinkler Irrigation Equipments.
Products are manufactured to meet the requirements which are part of Water
Management techniques. Constantly redefining their quality standards and
focusing on surpassing of the same thus adding value to end users and business
associates.
Subject having started operations in 1991 with a initial capacity of 240 tpa
with pipe sizes from 20MM to 110MM, today is one on the largest manufacturers
of HDPE pipes and Sprinkler Irrigation Equipments with installed capacity of
6000 tpa for manufacturing pipes upto 500MM dia.
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.48.92 |
|
|
1 |
Rs.77.31 |
|
Euro |
1 |
Rs.64.12 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
|
47 |
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.