|
Report Date : |
12.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
BLOOM SEAL CONTAINERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4th Floor, Ready Money Terrace No.167, Dr. Annie Basant
Road, Worli Naka, Mumbai – 400018, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.08.2006 |
|
|
|
|
Com. Reg. No.: |
11-164055 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74950MH2006PTC164055 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB17288F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCB0013C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Plastic and Plastic Products, Plastic
Containers. |
|
|
|
|
No. of Employees
: |
150 (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 150000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade are
reported to be fair. Business is Active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Jatin Shah |
|
Designation : |
AGM in Marketing |
|
Contact No.: |
91-9223174758 |
|
Date : |
29.05.2012 |
LOCATIONS
|
Registered Office Factory 1: |
4th Floor, Ready Money Terrace No.167, Dr. Annie Basant Road,
Worli Naka, Mumbai – 400018, Maharashtra, India |
|
Tel. No.: |
91-22-61233536/24930560/24970561/61233500/13 |
|
Mobile No.: |
91-9223174758 (Mr. Jatin Shah) |
|
Fax No.: |
91-22-24938826 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Plot No.13/14/15, Part 2nd, Bharat Indl – Estate, Bhimpore Daman –
396210, Gujarat, India |
|
Tel. No.: |
91-260-6450161/165 |
|
|
|
|
Factory 3: |
Plot No.282/1, Begarm Road, GIDC Vapi – 396195, Gujarat, India |
|
Tel. No.: |
91-260-6450166/67 |
|
Area : |
35000 sq ft |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Pradeep Kumar Nathalal Sagar |
|
Designation : |
Director |
|
Address : |
2 –B Sursagar, SN Road, No. 1 Juhu Scheme, Vile Parle (West), Mumbai –
400056, Maharashtra, India |
|
Date of Birth/Age : |
27.11.1956 |
|
Date of Appointment : |
25.08.2006 |
|
DIN No.: |
00240667 |
|
|
|
|
Name : |
Mr. Adiyil Chandrasekhar Narayanan Kondath Menon |
|
Designation : |
Director |
|
Address : |
9-2 Khar Samrudhi CHS LD07137B 12th Road, Khar (West),
Mumbai – 400052, Maharashtra, India |
|
Date of Birth/Age : |
10.09.1938 |
|
Date of Appointment : |
25.08.2006 |
|
DIN No.: |
00213039 |
|
|
|
|
Name : |
Mrs. Shilpa Pradeep Sagar |
|
Designation : |
Director |
|
Address : |
9- B Sursagar 14 Azad Nagar Society, Juhu Scheme Road, No. 1, Vile
Parle (East), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
21.12.1962 |
|
Date of Appointment : |
01.03.2008 |
|
DIN No.: |
01982397 |
|
|
|
KEY EXECUTIVES
|
Name : |
Mr. Jatin Shah |
|
Designation : |
AGM in Marketing |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2011
|
Names of Shareholders (Equity Share) |
|
No. of Shares |
|
Pradeep Kumar Nathalal Sagar |
|
9900 |
|
Shilpa Pradeep Sagar |
|
100 |
|
|
|
|
|
Total |
|
10000 |
|
Names of Shareholders (Preference Share) |
|
No. of Shares |
|
Bloom Packaging Private Limited, India |
|
1000000 |
|
|
|
|
|
Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Plastic and Plastic Products, Plastic
Containers. |
|
|
|
|
Exports : |
|
|
Products : |
Plastic Products Plastic Containers |
|
Countries : |
Gulf Country Europe |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Gulf Country |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
31.03.2011 |
|
Installed
Capacity |
4512 MT Per
Annuam |
|
Particulars |
Unit |
Actual
Production |
|
5000 ml. Bottles and Above |
Metric Tons |
285 |
|
Others |
Metric Tons |
931 |
GENERAL INFORMATION
|
Suppliers : |
·
Reliance Industries Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
B2B, C2C ·
United Phosphorus Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Bank of Baroda, Worli Branch, 135, CDC Building, dr. Annie Besant
Road, Worli, Mumbai – 400018, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
CC – Rs.30.000 Millions LC – Rs.10.000 Millions TL – Rs.22.500 Millions (Rs. in Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
T R Chadha and Company Chartered Accountant |
|
Address : |
106 Nirman Kendra, Dr. E .Moses Road, Mahalaxmi, Mumbai – 400011,
Maharashtra, India |
|
Tel No.: |
91-22-26100091 |
|
Fax No.: |
91-22-26100092 |
|
Email: |
|
|
PAN.: |
AAAFT1655Q |
|
|
|
|
Companies in which director have substantial interest: |
·
Bloom Packaging Private Limited ·
Bloom Industrial Plastics Private Limited ·
Tishy Tropical Farm |
|
|
|
|
Sister Concern: |
Bloom Packaging
Private Limited Address: 4th Floor, Ready Money Terrace No.167, Dr. Annie
Basant Road, Worli Naka, Mumbai – 400018, Maharashtra, India Line of Business: Manufacturer and Exporter of Plastic and Plastic
Products, Plastic Containers. |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
1000000 |
Preference Share |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.15.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
1000000 |
Preference Share |
Rs.10/- each |
Rs.10.000
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.10.100 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 |
10.100 |
10.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
10.000 |
|
|
3] Reserves & Surplus |
28.580 |
18.763 |
15.939 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
38.680 |
28.863 |
26.039 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
32.711 |
15.310 |
0.307 |
|
|
2] Unsecured Loans |
61.959 |
41.496 |
38.850 |
|
|
TOTAL BORROWING |
94.670 |
56.806 |
39.157 |
|
|
DEFERRED TAX LIABILITIES |
3.641 |
2.990 |
2.303 |
|
|
|
|
|
|
|
|
TOTAL |
136.991 |
88.659 |
67.499 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
43.279 |
32.320 |
26.520 |
|
|
Capital work-in-progress |
50.268 |
1.859 |
0.789 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
39.214 |
37.643 |
33.052 |
|
|
Sundry Debtors |
25.362 |
21.200 |
23.119 |
|
|
Cash & Bank Balances |
3.507 |
4.717 |
7.200 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
20.599
|
11.195 |
8.669 |
|
Total
Current Assets |
88.682
|
74.755 |
72.040 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
36.562
|
15.997 |
27.471 |
|
|
Other Current Liabilities |
7.589
|
3.270 |
3.967 |
|
|
Provisions |
1.087
|
1.008 |
0.412 |
|
Total
Current Liabilities |
45.238
|
20.275 |
31.850 |
|
|
Net Current Assets |
43.444
|
54.480 |
40.190 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
136.991 |
88.659 |
67.499 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
188.318 |
121.923 |
143.486 |
|
|
|
Labour Charges |
0.298 |
0.253 |
0.000 |
|
|
|
Other Income |
0.463 |
0.653 |
0.313 |
|
|
|
TOTAL (A) |
189.079 |
122.829 |
143.799 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturer and other expenses |
166.066 |
106.588 |
126.465 |
|
|
|
Increase /(Decrease) in stock |
(4.954) |
2.381 |
(0.933) |
|
|
|
TOTAL (B) |
161.112 |
108.969 |
125.532 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
27.967 |
13.860 |
18.267 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.557 |
5.250 |
7.844 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
20.410 |
8.610 |
10.423 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.589 |
4.117 |
2.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
14.821 |
4.493 |
8.303 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.750 |
1.387 |
2.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
10.071 |
3.106 |
5.403 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
ADJUSTMENT |
0.253 |
0.282 |
(0.002) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
18.763 |
15.939 |
10.534 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
28.581 |
18.763 |
15.939 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
0.411 |
0.180 |
2.124 |
|
|
TOTAL EARNINGS |
0.411 |
0.180 |
2.124 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
2.572 |
24.234 |
|
|
|
Stores & Spares |
1.091 |
0.000 |
0.029 |
|
|
|
Capital Goods |
16.751 |
0.249 |
12.539 |
|
|
TOTAL IMPORTS |
17.842 |
2.821 |
36.802 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
981.73 |
282.39 |
540.53 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
224.100 |
Expected Sales (2012-2013): Rs.300.000 Millions
The above information has been parted by Mr. Jatin Shah – AGM in
Marketing
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.33
|
2.53 |
3.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.87
|
3.69 |
5.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.71
|
6.01 |
11.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.16 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.17
|
0.70 |
1.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.96
|
3.69 |
2.26 |
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 |
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 three 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) |
Yes |
|
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 |
CONTINGENT LIABILITIES NOT PROVIDED FOR IN ACCOUNTS:
Rs. In Millions
|
PARTICULAR |
31.03.2011 |
|
LC opened with banks |
USD 283800 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U74950MH2006PTC164055 |
|
Name of the company |
BLOOM SEAL
CONTAINERS PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
4th
Floor, Ready Money Terrace No.167, Dr. Annie Basant Road, Worli Naka, Mumbai
– 400018, Maharashtra, India Email: thackerkm@uniphos.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the
charge to be modified |
10138237 |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of charge holder |
Bank of Baroda,
Worli Branch, 135, CDC Building, dr. Annie Besant Road, Worli, Mumbai –
400018, Maharashtra, India Email: shirishshetye@gmail.com |
|
Nature of instrument creating charge |
Supplemental Composite
Agreement of Hypothecation of Goods, Book-Debts, Moveable Machinery and
Vehicles. |
|
Date of instrument Creating the charge |
17.12.2011 |
|
Amount secured by the charge |
Rs.86.752
Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Interest on the cash credit limit at the rate of 4.25% over Base Rate
of the Bank per annum with monthly rests. Terms of Repayment On Demand. Margin 25% on the Stocks, Book Debts and Moveable Machinery. 30% cash margin in respect of Inland/Import LC facility. Extent and Operation of the charge The charge is modified to secure TL 1 - Rs.8.233 Millions, TL 2 -
Rs.11.668 Millions, TL 3 - Rs.27.500 Millions, Cash Credit - Rs.25.000
Millions, Inland/Import LC - Rs.10.000 Millions, Car Loan 1 - Rs.3.600 Millions and Car Loan 2 - Rs.0.751 Millions
aggregating to Rs.86.752 Millions together with interest, interest tax,
further interest, additional interest, penal interest, commission fees, cost,
charges and expenses incurred or to be incurred by the Bank till date of
payment. |
|
Short particulars of the property or
asset(s) charged (including complete address and location of the property) |
Stocks, both present
and future and all stocks of raw materials, work-in-process, semi-finished
goods, finished goods, packing materials and stores etc. All the present
and future book-debts, outstanding, monies receivable, claims, bills,
contracts, engagements and securities, etc.. All the tangible
movable machinery and plant and cranes, boats and crafts and the vehicles
together with spares, tools and accessories and other movables, both present
and future, and the furniture, fixtures and fitting and office equipment
whether installed or not and whether lying loose at Daman. |
|
Date of instrument modifying the charge |
24.10.2011 |
|
Particulars of the present modification |
The charge is
increased upto Rs.86.752 Millions to cover TL 1 - Rs.8.233 Millions (Review),
TL 2 - Rs.11.668 Millions (Review), TL 3 - Rs.27.500 Millions (Review), Cash
Credit - Rs.25.000 Millions (Review), Inland/Import LC - Rs.10.000 Millions (Review), Car Loan 1 - Rs.3.600 Millions
(Review) and Car Loan 2 - Rs.0.751 Millions (Fresh). |
TRADE REFERENCE
·
Reliance Industries Limited
·
United Phosphorus Limited
FIXED ASSETS
·
Plant and Machinery
·
Moulds
·
Electrical Installation
·
Computers
·
Office Equipments
·
Vehicle
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.55.23 |
|
|
1 |
Rs.85.93 |
|
Euro |
1 |
Rs.69.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
YES |
|
--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.