MIRA
INFORM REPORT
|
Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
CELLO TIPS AND PENS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Plot No.711/1, 2, 3, 4, |
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Country : |
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|
Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
01.04.2008 |
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Com. Reg. No.: |
54-004669 |
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Capital Investment / Paid-up Capital : |
Rs.16.667 Millions |
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|
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CIN No.: [Company
Identification No.] |
U25209DD2008PTC004669 |
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|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
SRTC01307F |
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PAN No.: [Permanent
Account No.] |
AADCC3645F |
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business : |
Manufacturer of Tips for Ball Pens |
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|
No. of Employees : |
125 (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 2500000 |
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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 a well established and reputed 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.
INFORMATION PARTED BY
|
Name : |
Mr. Rajesh Bang |
|
Designation : |
General Manager |
|
Contact No.: |
91-22-26852333 |
|
Date : |
08.06.2012 |
LOCATIONS
|
Registered Office / Factory : |
Plot No.711/1, 2, 3, 4, Somnath Road, Sabhel, Daman – 396 210, Daman
and Diu, India |
|
Tel. No.: |
91-260-2241211 / 26852333 |
|
Fax No.: |
91-260-2240522 / 2240411 / 26852025 |
|
E-Mail : |
jagan@cellowriting.com |
|
Area : |
26000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
6, Vakil Industrial Estate, Walphat Road, Goregaon [East], Mumbai –
400063, Maharashtra, India |
|
Tel. No.: |
91-22-26852333 / 26851027 / 3080 |
|
Fax No.: |
91-22-26852025 / 26853333 |
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E-Mail : |
cello@celloworld.com |
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|
|
|
Administrative Office : |
5, Vakil Industrial Estate, Walphat Road, Goregaon [East], Mumbai – 400063, Maharashtra, India |
|
Tel No.: |
91-22-26851027 / 3080 |
|
Fax No.: |
91-22-26853333 |
DIRECTORS
As on 15.09.2011
|
Name : |
Mr. Pradeep Ghisulal Rathod |
|
Designation : |
Director |
|
Address : |
120, Jawahar Nagar, Goregaon (West), Mumbai – 400 062, |
|
Date of Birth/Age : |
23.01.1965 |
|
Qualification : |
B. Com. |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00027527 |
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|
|
|
Name : |
Mr. Pankaj Ghisulal Rathod |
|
Designation : |
Managing director |
|
Address : |
120, Jawahar Nagar, Goregaon (West), Mumbai – 400 062, |
|
Date of Birth /Age : |
16.06.1967 |
|
Qualification : |
B. Com. |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00027572 |
|
|
|
|
Name : |
Mr. James Vincent Di Pietro |
|
Designation : |
Director |
|
Address : |
29 Roseview CT, Trumbull, 06611, United States of America |
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Date of Birth /Age : |
10.01.1960 |
|
Date of Appointment : |
05.03.2009 |
|
DIN No.: |
02526020 |
|
|
|
|
Name : |
Mr. Michael Ralph Merwin |
|
Designation : |
Alternate director |
|
Address : |
21 Skytop Dr, Trumbull, 06611, United States of America |
|
Date of Birth /Age : |
19.10.1955 |
|
Date of Appointment : |
05.03.2009 |
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DIN No.: |
02526043 |
|
|
|
|
Name : |
Mr. Edward Joesph Dougherty |
|
Designation : |
Director |
|
Address : |
3173, Cedar Road, Yorktown, HTS 10598, United States of America |
|
Date of Birth /Age : |
09.01.1955 |
|
Date of Appointment : |
05.03.2009 |
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DIN No.: |
02526064 |
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|
|
|
Name : |
Mr. Mario Guevara Rodriguez |
|
Designation : |
Alternate director |
|
Address : |
16 Hampton Dirve, Woodbridge 06525, United States of America |
|
Date of Birth /Age : |
10.09.1956 |
|
Date of Appointment : |
05.03.2009 |
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DIN No.: |
02545701 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh Bang |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ghisulal Dhanraj Rathod |
|
30000 |
|
Pradeep Ghisulal Rathod |
|
160000 |
|
Pankaj Ghisulal Rathod |
|
160000 |
|
Pampuben Ghisulal Rathod |
|
150000 |
|
Sangeeta Pradeep Rathod |
|
40000 |
|
Babita Pankaj Rathod |
|
160000 |
|
Pannalal Sharma |
|
10000 |
|
Jayantilal Jain |
|
10000 |
|
Guarav Pradeep Rathod |
|
150000 |
|
Malvika Pankaj Rathod |
|
130000 |
|
Bic Clichy, France |
|
666667 |
|
Total |
|
1666667 |
As on 15.09.2011
Equity Share Break up (Percentage of Total Equity)
|
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 |
40.00 |
|
Directors or relatives of Directors |
60.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Tips for Ball Pens |
|
|
|
|
Terms : |
|
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit of Measurement |
Unit
– I (In
Lacs) |
Unit
– II (In
Lacs) |
|
|
|
|
|
|
Licensed Capacity |
|
N.A |
N.A |
|
Installed Capacity |
Gross (144
Pieces) |
86 |
50 |
|
Production (Finished Tips) |
Gross (144
Pieces) |
69.11 |
31.76 |
|
Production (Pens) ** |
Pieces |
136.33 |
-- |
Note:
* As certified by the management and accepted
by the auditors.
** It is not possible to ascertain the
licensed ad installed capacity of pens.
GENERAL INFORMATION
|
Suppliers : |
·
Swizz Metal |
|
|
|
|
Customers : |
Wholesalers and Retailers ·
Cello Pen and Stationery Private Limited |
|
|
|
|
No. of Employees : |
125 (Approximately) |
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|
|
|
Bankers : |
·
State Bank of · HDFC Bank, Goregaon [East] Branch · IDBI Bank Limited, Andheri [East] Branch |
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|
|
|
Facilities : |
Cash Credit : Rs. 40.000
Millions (From IDBI Bank Limited) |
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|
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accounts |
|
Address : |
"Heritage", 3rd Floor, Near Gujarat Vidhyapith, Off Ashram
Road, Ahmedabad – 380014, Gujarat, India |
|
Tel No.: |
91-79-27582542 / 27582543 |
|
Fax No.: |
91-79-27582551 |
|
PAN No.: |
AABFD7919A |
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|
|
|
Related Parties : |
·
Cello Pens and Stationery Private Limited (CPS) ·
Cello International Private Limited (CIPL) ·
Cello Stationery Products Private Limited (CSP) ·
Cello Plastic Product Private Limited (CPP) ·
Cello Household Appl. Private Limited (HOUSEHOLD) ·
Cello Writing Insts. and Conts. Private Limited
(CWI) ·
CelIo Paper Products (PAPER) ·
Pentek Pens and Stationery Private Limited (PPS) ·
Cello Plastic Industrial Works (CPIW) |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1666667 |
Equity Shares |
Rs. 10/- each |
Rs. 16.667 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1666667 |
Equity Shares |
Rs. 10/- each |
Rs. 16.667
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 |
16.667 |
16.667 |
16.667 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
614.398 |
469.863 |
348.244 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
631.065 |
486.530 |
364.911 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.796 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.796 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
631.065 |
486.530 |
365.707 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
102.834 |
78.654 |
75.878 |
|
|
Capital work-in-progress |
5.911 |
3.219 |
5.677 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.355 |
0.355 |
41.270 |
|
|
DEFERREX TAX ASSETS |
7.360 |
5.180 |
3.182 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
100.042
|
57.484 |
63.756 |
|
|
Sundry Debtors |
396.813
|
322.756 |
34.214 |
|
|
Cash & Bank Balances |
20.655
|
22.771 |
4.890 |
|
|
Interest Accrued on Fixed Deposits
|
0.613
|
0.173 |
0.000 |
|
|
Loans & Advances |
5.612
|
4.476 |
143.848 |
|
Total
Current Assets |
523.735
|
407.660 |
246.708 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.945 |
5.472 |
4.708 |
|
|
Other Current Liabilities |
1.633
|
1.761 |
1.244 |
|
|
Provisions |
0.552
|
1.305 |
1.222 |
|
Total
Current Liabilities |
9.130
|
8.538 |
7.174 |
|
|
Net Current Assets |
514.605
|
399.122 |
239.534 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.166 |
|
|
|
|
|
|
|
|
TOTAL |
631.065 |
486.530 |
365.707 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
644.148 |
493.758 |
492.513 |
|
|
|
Other Income |
0.552 |
7.480 |
2.403 |
|
|
|
TOTAL |
644.700 |
501.238 |
494.916 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
448.975 |
335.234 |
349.345 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
195.725 |
166.004 |
145.571 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
51.190 |
44.386 |
38.713 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
144.535 |
121.618 |
106.858 |
|
|
|
|
|
|
|
|
|
|
(SHORT) /
EXCESS PROVISION FOR TAX |
(0.170) |
(0.085) |
0.037 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
166.083 |
44.465 |
0.000 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
10.682 |
|
|
|
Dividend |
0.000 |
0.000 |
44.200 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
7.512 |
|
|
BALANCE CARRIED
TO THE B/S |
166.083 |
166.083 |
44.464 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
1.453 |
1.883 |
4.286 |
|
|
|
Capital Goods |
48.355 |
24.539 |
5.498 |
|
|
|
Raw Materials |
0.000 |
0.000 |
8.287 |
|
|
TOTAL IMPORTS |
49.808 |
26.422 |
18.071 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
86.72 |
72.97 |
102.01 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
645.000 |
Expected Sales (2012-13): Rs. 700.000 millions
The above information has been parted by Mr. Rajesh Bang.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
22.42
|
24.26 |
21.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
30.39
|
33.62 |
29.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
31.24
|
34.14 |
45.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.34 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.01
|
0.02 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
57.36
|
47.75 |
34.39 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
(Rs.
In Millions)
|
Particulars
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry
Creditors |
|
|
|
|
Due to Micro, Small and Medium Enterprises
|
0.876 |
0.006 |
0.000 |
|
Due to Companies under the same management
|
0.063 |
1.326 |
2.777 |
|
Others |
6.006 |
4.140 |
1.931 |
|
Total |
6.945 |
5.472 |
4.708 |
|
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 |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last four years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
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 |
FINANCIAL OPERATIONS:
During the year, the company has achieved
turnover of Rs.644.148 Millions as compared to Rs.493.758 Millions For the
previous year. Net Profit After Tax is Rs.144.535 Millions for the current year
as compared to Rs.121.618 Millions previous year.
change of address:
The Registered office of the company has been shifted from 6, Vakil
Industrial Estate,
CONTINGENT
LIABILITY:
(Rs.
In Millions)
|
Particulars
|
31.03.2010 |
31.03.2009 |
|
|
|
|
|
Guarantees given by Banks |
5.174 |
4.370 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U25209DD2008PTC004669 |
|
Name of the
company |
CELLO TIPS AND PENS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.711/1, 2, 3, 4, Somnath Road, Sabhel, Daman – 396 210, Daman and Diu, India |
|
This form is for |
Creation of
Charge |
|
Type of charge |
· Book Debts · Floating Charge · Movable property (not being pledge) |
|
Particular of
charge holder |
IDBI Bank
Limited, E-Mail: pr.sinha@idbi.co.in |
|
Nature of instrument
creating charge |
Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
23.06.2009 |
|
Amount secured by
the charge |
Rs. 40.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
rate of Interest: As per sanctioned letter of the charge holder dated 22.12.2008 and as amended from time to time. Terms of repayment: As per sanctioned letter of the charge holder dated 22.12.2008 and as amended from time to time. Margin: As per sanctioned letter of the charge holder dated 22.12.2008 and as amended from time to time. Extent and Operation of the charge The Company hypothecated the entire Stocks of Raw Materials and other movable including book debts by way of First charge and Movable machinery (save and except book debts) by way of Second Charge. Security for the repayment of Credit facility of Rs.40.000 millions, together with interest, costs, charges, expenses etc. Others: · Hypothecation of First charge on Company's entire Stocks of Raw Materials, Semi-finished and finished goods, consumable stores and spares and such other movables including book-debts, bills whether documentary or clean, outstanding monies receivables, both present and future; · Hypothecation of Second Charge on Company's movables (save and except book debts) including movable machinery spares, tools and accessories, present and future. |
|
Short particulars
of the property charged (Including location of the property) |
The borrower’s entire stocks of raw materials, semi-finished and finished goods, consumable stores and spares and such other movables including book-debts, bills whether documentary or clean, outstanding monies receivables, both present and future, and whole of the movable properties of the Borrower including its movable plant and machinery, machinery spares, tools and accessories and other movables both present and future. |
TRADE REFERENCES:
· Swizz Metal
· Cello Pen and Stationery Private Limited
FIXED ASSETS:
·
Freehold Land
·
Factory Building
·
Plant and Machinery
·
Factory Equipments
·
Electrical Installation
·
Vehicles
·
Fire Extinguisher
·
Furniture and Fixtures
·
Office Appliances
·
Tools and Equipments
·
Air Conditioners
·
Data Processing
Equipments
·
Fax Machines
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.55.36 |
|
|
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
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 |
No |
|
--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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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.