1. Summary Information
|
|
|
Country |
|
|
Company Name |
A L A CHEMICALS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Anil Satish Anand |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Neela Satish Anand |
|
|
|
Registration # |
11-13577 |
|
Street Address |
C-5, Chemical
Zone, M.I.D.C, |
||
|
Established Date |
20.09.1966 |
SIC Code |
-- |
|
Telephone# |
91-22-66045202 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-66045200 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
PVC Additives |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.81,351,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 2.60% Bodies corporate – 5.06% Directors or
relatives of Directors 92.34% |
Banking |
Syndicate Bank |
|
Public Limited Corp. |
|
Business Period |
46 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (27) |
|
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 |
124,255,000 |
Current Liabilities |
95,200,000 |
|
Inventories |
125,466,000 |
Long-term Liabilities |
131,912,000 |
|
Fixed Assets |
41,062,000 |
Other Liabilities |
16,289,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
243,401,000 |
|
Invest& other Assets |
10,139,000 |
Retained Earnings |
(23,830,000) |
|
|
|
Net Worth |
57,521,000 |
|
Total Assets |
300,922,000 |
Total Liab. & Equity |
300,922,000 |
|
Total Assets (Previous Year) |
26,724,2000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
NA |
|
Sales(Previous yr) |
424,085,000 |
Net Profit(Prev.yr) |
771,000 |
MIRA
INFORM REPORT
|
Report Date : |
30.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
A L A CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-5, Chemical Zone, M.I.D.C, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.09.1966 |
|
|
|
|
Com. Reg. No.: |
11-13577 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.81.351 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1966PTC013577 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of PVC Additives. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 230000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded the company. However, trade relations are reported
as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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 / Factory Office : |
C-5, Chemical Zone, M.I.D.C, |
|
Tel. No.: |
91-22-66045202 |
|
Fax No.: |
91-22-66045200 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
|
|
Tel. No.: |
91-22-66045252/66045202/66045216 |
|
Fax No.: |
91-22-66045200 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Anil Satish Anand |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Vikas Park, Bunglow No. 2, Jalpankhi Society, Juhu Tara Road, Juhu,
Mumbai-400026, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.03.1951 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.11.1981 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00188465 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other
Directorship:
|
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|
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|
Name : |
Mrs. Neela Satish Anand |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Vikas Park, Bunglow No. 2, Jalpankhi Society, Juhu Tara Road, Juhu, Mumbai-400026,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.09.1929 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.04.2003 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01119534 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
3% Cumulative
Redeemable Preference Shares |
7% Cumulative Redeemable Preference Shares |
|
Anil Anand |
2139000 |
185000 |
200000 |
|
Neela S Anand |
14040 |
20000 |
100000 |
|
Anchem Inc, U.S.A |
68600 |
0.000 |
0.000 |
|
S C A Private Limited, |
133460 |
0.000 |
0.000 |
|
Meera Anand |
280000 |
45.000 |
0.000 |
|
|
|
|
|
|
Total |
2635100 |
250000 |
300000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
2.60 |
|
Bodies corporate |
5.06 |
|
Directors or relatives of Directors |
92.34 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of PVC Additives. |
PRODUCTION STATUS
As on 31.03.2010
|
Particulars |
Units |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Polyester/ Polymer Additives and Stabilizers |
(M.T.) |
4000 |
4000 |
3852 |
|
Leather Auxillaries |
(M.T.) |
1000 |
1000 |
Nil |
|
Masterbatches and Compounds |
(M.T.) |
3000 |
3000 |
Nil |
Note:
Installed capacity is based on maximum
utilization of capacity as certified by the management on which the auditors
have placed reliance, without verification, this being a technical matter.
Actual Production includes quantities produced
for captive consumption.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Syndicate Bank, 26-A, Sir Pherozeshah Mehta Road, Fort, Mumbai-400001,
Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs. in Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A. T. Jain and Company Chartered Accountant |
|
Address : |
212, Rewa Chambers, 31 New Marine Lines, Mumbai – 400020, Maharashtra,
India |
|
PAN.: |
AABFA2587P |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2650000 |
Equity Shares |
Rs.10/- each |
Rs.26.500 Millions |
|
585000 |
Preference Share |
Rs.100/- each |
Rs.58.500 millions |
|
|
|
|
|
|
|
Total |
|
Rs.85.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2635100 |
Equity Shares |
Rs.10/- each |
Rs.26.351
Millions |
|
550000 |
|
Rs.100/-
each |
Rs.55.000
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.81.351 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 |
81.351 |
51.351 |
51.351 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
(23.830) |
(27.522) |
3.256 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(31.020) |
|
|
NETWORTH |
57.521 |
23.829 |
23.587 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
63.037 |
59.922 |
46.842 |
|
|
2] Unsecured Loans |
68.875 |
85.052 |
72.499 |
|
|
TOTAL BORROWING |
131.912 |
144.974 |
119.341 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
189.433 |
168.803 |
142.928 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
41.062 |
44.577 |
53.170 |
|
|
Capital work-in-progress |
10.139 |
10.139 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
|
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
0.000 |
0.000 |
0.000 |
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
125.466
|
71.229 |
51.772 |
|
|
Sundry Debtors |
81.451
|
79.338 |
67.898 |
|
|
Cash & Bank Balances |
23.884
|
15.753 |
11.443 |
|
|
Other Current Assets |
1.683
|
2.296 |
1.543 |
|
|
Loans & Advances |
17.237
|
43.910 |
45.675 |
|
Total
Current Assets |
249.721
|
212.526 |
178.331 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
82.567
|
69.179 |
53.531 |
|
|
Other Current Liabilities |
12.633
|
13.969 |
20.569 |
|
|
Provisions |
16.289
|
15.291 |
14.473 |
|
Total
Current Liabilities |
111.489
|
98.439 |
88.573 |
|
|
Net Current Assets |
138.232
|
114.087 |
89.758 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
189.433 |
168.803 |
142.928 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
|
424.085 |
384.038 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
415.231 |
379.729 |
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
8.854 |
4.309 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
8.083 |
4.214 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
BEFORE TAX (E-F) (G) |
|
0.771 |
0.095 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
0.000 |
0.430 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
AFTER TAX (G-I) (J) |
|
0.771 |
(0.335) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(31.020) |
(30.150) |
|
|
|
|
|
|
|
|
|
|
PRIOR
PERIOD EXPENSES |
|
0.000 |
(0.535) |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
(0.528) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
(30.777) |
(31.020) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
26.325 |
16.272 |
|
|
|
Commission Earnings |
|
0.285 |
1.143 |
|
|
TOTAL EARNINGS |
|
26.610 |
17.415 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
48.731 |
21.383 |
|
|
TOTAL IMPORTS |
|
48.731 |
70.114 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.18 |
0.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
0.36 |
0.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.03 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.94
|
4.13 |
3.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.24
|
2.16 |
2.01 |
LOCAL AGENCY FURTHER INFORMATION
|
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 two years |
Yes |
|
12) Profitability for last two 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 |
-- |
|
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 |
Note: Registered office of the company has been
shifted from B Asement, Mahalaxmi Chambers, 22 Bhulabhai Desai Road, Mumbai – 400026,
Maharashtra, India to be present address w.e.f 04.06.2005
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U24110MH1966PTC013577 |
|
Name of the company |
A L A CHEMICALS
PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
C-5, Chemical
Zone, M.I.D.C, Kalyan Badlapur Road, Ambernath (West), Thane-421501,
Maharashtra, India Email: anil@alachemicals.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the
charge to be modified |
10016733 |
|
Type of charge |
Immovable
property |
|
Particular of charge holder |
Syndicate Bank, 26-A,
Sir Pherozeshah Mehta Road, Fort, Mumbai-400001, Maharashtra, India Email: vlaxman@vsnl.com |
|
Nature of instrument creating charge |
Deed of Simple
Registered Mortgage. |
|
Date of instrument Creating the charge |
15.03.2010 |
|
Amount secured by the charge |
Rs.133.852
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 On Demand Margin As may be stipulated by the Bank from time to time. Extent and Operation of the charge Mortgagor transferred by way of mortgage their immovable properties as
specified in Item 15 to the Mortgagees as a security for repayment of the
said sum with interest and all other moneys due and payable hereunder with a
condition that on the Borrowers repay the said principal sum of Rs. 133.852
Millions with all interest and other
moneys due to the Mortgagee the Mortgagee will redeem immovable properties Others The mortgage
charge created herein shall rank pari passu in favour of Union Bank of India
and Syndicate Bank for their respective facilities of Rs. 86.727 Millions and
Rs. 47.125 Millions respectively. |
|
Short particulars of the property or
asset(s) charged (including complete address and location of the property) |
All that Piece
or parcel of land bearing Plot No.C-5 in the Ambernath Industrial Area,
within the Village limit of Kansai, Taluka and Registration Sub District
Kalyan All that piece
of parcel of land bearing Plot No.A-13 and B-13 in the Ambernath Industrial
Area, within the Village limit of Kansai, Taluka and Registration Sub- Dist
Kalyan |
|
Particulars of the present modification |
The joint
mortgage/charge shall now stand secured upto Rs.133.852 Millions in favour of
Union Bank of India and Syndicate Bank for their respective facilities of Rs.
86.727 Millions and Rs. 47.125 Millions respectively. |
Fixed Assets:
·
·
Building, Road, Office
Premises
·
Plant and Machinery
·
Electrical Installation
·
Laboratory Equipments
·
Technical Know how
·
Furniture and Fixture
·
Office Equipment
·
Vehicles
·
Computers
·
Printers
·
Fax Machine
·
Bore well
AS PER WEBSITE DETAILS
COMPANY PROFILE
Subject is a pioneer in the field of PVC additives in India having commenced operations in 1970. It manufactures chemicals which are used as additives in the polymer industry primarily for PVC. These additives are known as Heat Stabilizers as they impart thermal stability and prevent degradation of PVC polymer not only in processing but also during its service life.
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.55.58 |
|
|
1 |
Rs.87.14 |
|
Euro |
1 |
Rs.69.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
27 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.