MIRA
INFORM REPORT
|
Report Date : |
28.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
KUNJAL SYNERGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15-D, Everest House, 46-C, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.02.2007 |
|
|
|
|
Com. Reg. No.: |
21-113542 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.860 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24233WB2007PTC113542 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALK05405B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK9990L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distribution of Industrial Chemicals, Petrochemicals,
Solvents and Polyester Fibres. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 540000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track records.
Profitability appears to be low. However, trade relations are reported as fair. Business is active.
Payments are reported to be usually correct. The company can be considered 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit : CRISIL BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
16.09.2011 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
15-D, Everest House, 46-C, |
|
Tel. No.: |
91-33-22881217/ 8/ 9 |
|
Fax No.: |
91-33-22881223 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Nishith
Parekh |
|
Designation : |
Director |
|
Address : |
168, |
|
Date of Birth/Age : |
17.12.1960 |
|
Date of Appointment : |
20.02.2007 |
|
DIN No.: |
00211817 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24119WB1998PTC086696 |
KREST
ORGANICS PRIVATE LIMITED |
Director |
4/3/1998 |
4/3/1998 |
- |
Active |
NO |
|
2 |
U24233WB2007PTC113542 |
KUNJAL
SYNERGIES PRIVATE LIMITED |
Director |
20/02/2007 |
20/02/2007 |
- |
Active |
NO |
|
Name : |
Mrs. Kusum Parekh |
|
Designation : |
Director |
|
Address : |
168, |
|
Date of Birth/Age : |
16.10.1947 |
|
Date of Appointment : |
21.06.2007 |
|
PAN No.: |
00211874 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24119WB1998PTC086696 |
KREST
ORGANICS PRIVATE LIMITED |
Director |
4/3/1998 |
4/3/1998 |
- |
Active |
NO |
|
2 |
U24233WB2007PTC113542 |
KUNJAL
SYNERGIES PRIVATE LIMITED |
Director |
21/06/2007 |
21/06/2007 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Nikunj Parekh |
|
Designation : |
International Business Executive |
|
Email : |
|
|
|
|
|
Name : |
Mr. Amish Parekh |
|
Designation : |
Senior Vice President |
|
Email : |
|
|
|
|
|
Name : |
Mr. Sanjay Doshi |
|
Designation : |
General Manager – Marketing Product Manager – LAB, Phenol, Paraffin |
|
Email : |
|
|
|
|
|
Name : |
Mr. Debnath Banerjee |
|
Designation : |
Senior Manager – Marketing Product Manager – Soda Ash, Glycerine
|
|
Email : |
|
|
|
|
|
Name : |
Mr. Rupak Chatterjee |
|
Designation : |
Senior Manager – Marketing Product Manager – Recron 3s, Glycols |
|
Email : |
|
|
|
|
|
Name : |
Mr. Jignesh Dalal |
|
Designation : |
Manager – Marketing Assistant Product Manger - Phenol, Glycols |
|
Email : |
|
|
|
|
|
Name : |
Mr. Partha Ganguly |
|
Designation : |
Manager – Marketing Product Manger - FibreGill |
|
Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Nishith Parekh |
|
246080 |
|
Nikunj Parekh |
|
4000 |
|
Kusum Parekh |
|
87950 |
|
Dolphin Vintrade Private Limited, India |
|
5000 |
|
Nishith Parekh (HUF) |
|
42000 |
|
Fairplan Commodities Private Limited, India |
|
5000 |
|
Impression Suppliers Private Limited, India |
|
1000 |
|
Satyatej Vyapaar Private Limited, India |
|
5000 |
|
Krest Organics Private Limited, India |
|
40000 |
|
Deepak Pens and Plastics Private Limited, India |
|
9000 |
|
Impression Suppliers Private Limited, India |
|
2500 |
|
Nidhi Agro Private Limited, India |
|
6000 |
|
Satyatej Vyapaar Private Limited, India |
|
7500 |
|
Avon Vanijya Private Limited, India |
|
3000 |
|
Total
|
|
464030 |
List of Allotee
As on 31.03.2012
|
Names of Allottee |
|
No. of Shares
Allotted |
|
|
|
|
|
Avon Vanijya Private Limited,
India |
|
4,000 |
|
Capricon Iron and Steel Traders
Private Limited, India |
|
5,000 |
|
Highview Food Traders Private
Limited, India |
|
3,600 |
|
Khandelwal Investment Consultants
Private Limited, India |
|
1,500 |
|
Paras Adhesive Traders Private Limited, India |
|
3,650 |
|
Possible Dealcomm Private Limited, India |
|
1,500 |
|
Rythem Merchants Private Limited, India |
|
2,750 |
|
Total
|
|
22,000 |
As on 29.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
18.10 |
|
Directors or relatives of Directors |
81.90 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distribution of Industrial Chemicals, Petrochemicals,
Solvents and Polyester Fibres. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Bank of India, Kolkata Corporate Banking Branch, 2nd Floor, 5 B. T. M. Sarani, Kolkata - 700001, West Bengal, India ·
Standard Chartered Bank, SME Banking,
19, N. S. Road, Kolkata - 700001, West Bengal, India · ABN Amro Bank · CITI Bank · HDFC Bank · ICICI Bank · State Bank of Travancore |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A. N. Mehta and Company Chartered Accountants |
|
Address : |
13, |
|
PAN No.: |
AAMFA5698J |
CAPITAL STRUCTURE
After 29.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
486030 |
Equity Shares |
Rs.10/- each |
Rs.4.860
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
464030 |
Equity Shares |
Rs.10/- each |
Rs.4.640
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 |
4.640 |
4.360 |
3.800 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
129.119 |
87.764 |
59.614 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
133.759 |
92.124 |
63.414 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
20.475 |
13.582 |
0.008 |
|
|
2] Unsecured Loans |
10.832 |
0.130 |
4.803 |
|
|
TOTAL BORROWING |
31.307 |
13.712 |
4.811 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
165.066 |
105.836 |
68.225 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.768 |
2.908 |
1.781 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.670 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.145 |
0.030 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
112.515
|
97.047 |
9.138
|
|
|
Sundry Debtors |
259.857
|
105.082 |
71.344
|
|
|
Cash & Bank Balances |
0.826
|
9.811 |
25.509
|
|
|
Other Current Assets |
0.000
|
0.000 |
3.783
|
|
|
Loans & Advances |
152.589
|
54.361 |
5.258
|
|
Total
Current Assets |
525.787
|
266.301 |
115.032 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
349.740
|
158.746 |
45.304
|
|
|
Other Current Liabilities |
11.661
|
0.943 |
1.094
|
|
|
Provisions |
6.926
|
3.760 |
2.257
|
|
Total
Current Liabilities |
368.327
|
163.449 |
48.655 |
|
|
Net Current Assets |
157.460
|
102.852 |
66.377
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.023 |
0.046 |
0.067 |
|
|
|
|
|
|
|
|
TOTAL |
165.066 |
105.836 |
68.225 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
1105.389 |
832.466 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
1094.526 |
825.523 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
20.446 |
10.863 |
6.943 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.811 |
3.753 |
2.233 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
13.635 |
7.110 |
4.710 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
15.200 |
8.090 |
3.380 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
28.835 |
15.200 |
8.090 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
184.754 |
127.440 |
0.048 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
29.38 |
16.31 |
12.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.64 |
0.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.04
|
0.04 |
5.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.12 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.99
|
1.92 |
0.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43
|
1.63 |
2.36 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U24233WB2007PTC113542 |
|
Name of the company |
KUNJAL SYNERGIES PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
15-D, Everest House, 46-C, Jawaharlal Nehru Road, Kolkata – 700071, West
Bengal, India E-mail id : anmehta.ca@gmail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of charge holder |
ICICI Bank Limited, 3A, Gurusaday Road, 2nd Floor, Kolkata – 700019,
West Bengal, India E-mail id : sushanto.mukherjee@icicibank.com |
|
Nature of instrument creating charge |
Deed of Hypothecation dated 12th October 2011 |
|
Date of instrument Creating the charge |
12.10.2011 |
|
Amount secured by the charge |
Rs.150.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest LC Commission: 1.25% p. a. payable upfront at the time of opening of
LC subject to minimum of Rs 1000 per LC Buyer's Credit: Subject to RBI Guidelines (All-in-cost ceiling
currently 6 months LIBOR+2%) Terms of Repayment Validity of Limits: 12 months LC Usance: A maximum of 120 days from the date of shipment Buyer's Credit Tenor: Maximum 120 days from the date of shipment Margin LC Cash Margin : 15% Buyer's Credit Cash Margin: NIL Extent and Operation of the charge First charge in favour of the bank by way of hypothecation of the
company's entire stocks of raw materials, semi-finished and finished goods,
consumable stores and spares and such other moveables including book-debts,
bills whether documentary or clean, outstanding monies, receivables both present
and future save and except those FDR's exclusively charged to other bankers
in a form and manner satisfactory to the Bank, ranking pari passu with other
working capital bankers. |
|
Short particulars of the property or asset(s) charged (including complete
address and location of the property) |
First charge in favour of the bank by way of hypothecation of the
company's entire stocks of raw materials, semi-finished and finished goods,
consumable stores and spares and such other moveables including book-debts,
bills whether documentary or clean, outstanding monies, receivables both
present and future save and except those FDR's exclusively charged to other
bankers in a form and manner satisfactory to the Bank, ranking pari passu
with other working capital bankers. |
FIXED ASSETS:
· Furniture and Fixture
· Plant and Machinery
· Air conditioner
· Electrical Installation
· Fans
· Invertor
·
Telephone
·
Motor Pump
·
Scanner
·
Computers
·
Water Filter
·
Printer
·
Motor Car
·
Vehicles
WEBSITE DETAILS:
PROFILE:
Subject is
the new corporate identity of the partnership firm, Kunjal Enterprise
(Established in 1983), a
distribution House of Industrial Chemicals, Petrochemicals, Solvents and
Polyester Fibres based in
Kunjal’s philosophy of service for growth is appreciated and
recognised by a long-drawn list of highly satisfied customers from varied
industrial fields and include Paints, Printing Inks, Pesticides, Lubricants,
Soaps and Detergents, Glass, Pharmaceutical Formulations, Resins, Adhesives,
Plywood, Rubber etc.
With the support of their Valued Customers, they could
achieve a sales turnover of appx. Rs.1350.000 Millions (USD 34 Million),
including Rs.500.000 Millions (USD 12 Million) on a/c of direct marketing and
indenting, during the financial year 2006-07.
The established team of result oriented Marketing Executives
and the support staff are always ready to meet the challenges at short notice
from their esteemed customers. They maintain sufficient stocks at their
warehouses, located at north and south Kolkata and at industrial suburb of
Having started their business activities with trading in
Fine Chemicals and Pharmaceutical Raw Materials, they have grown step by step
to such heights, to represent the Stalwarts of Indian Industrial Empire.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is or
was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.41 |
|
|
1 |
Rs.86.93 |
|
Euro |
1 |
Rs.68.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POI3NTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
42 |
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.