|
Report Date : |
05.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
TACHE JEWELRY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. GJ – 02, Seepz Seepz SEZ, Andheri (East), Mumbai
– 400 096, |
|
|
|
|
Country : |
Indiaa |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.02.2003 |
|
|
|
|
Com. Reg. No.: |
11-138986 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 71.868 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36911MH2003PTC138986 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT08622F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT7791D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Diamond studded Gold Jewelry like rings, pendants, earrings, bracelets and necklaces. |
|
|
|
|
No. of Employees
: |
Not Available |
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 900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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) |
|
Indiaa |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Plot No. GJ – 02, Seepz
Seepz SEZ, Andheri (East), Mumbai – 400 096,
|
|
Tel. No.: |
91-22-28293705 / 67779999 |
|
Fax No.: |
91-22-28293703 / 67779950 |
|
E-Mail : |
DIRECTORS
As on 17.06.2011
|
Name : |
Mr. Victor Henry
Weinman |
|
Designation : |
Director |
|
Address : |
7,
|
|
Date of Birth/Age : |
11.12.1946 |
|
Date of Appointment : |
26.04.2003 |
|
DIN No.: |
00558764 |
Other Directorship :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U36911MH2003PTC138986 |
TACHE JEWELRY
PRIVATE LIMITED |
Director |
26-04-03 |
26-04-03 |
Active |
NO |
|
Name : |
Mr. Jacques Joseph
Tache |
|
Designation : |
Director |
|
Address : |
34,
Peter Benoitstraat, |
|
Date of Birth/Age : |
16.06.1968 |
|
Date of Appointment : |
27.08.2007 |
|
DIN No.: |
02421425 |
Other Directorship :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U36911MH2003PTC138986 |
TACHE JEWELRY
PRIVATE LIMITED |
Director |
30-09-08 |
27-08-07 |
Active |
NO |
|
Name : |
Mr. Amish Bipin
Choksi |
|
Designation : |
Director |
|
Address : |
43, Himgiri, 6th
floor, |
|
Date of Birth/Age : |
26.03.1964 |
|
Date of Appointment : |
24.04.2007 |
|
DIN No.: |
00043931 |
Other Directorship :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U67120MH1982PTC026805 |
VIOLET
INVESTMENT AND TRADING CO PRIVATE LIMITED |
Whole-time
director |
20-09-84 |
20-09-84 |
- |
Active |
NO |
|
2 |
U99999MH1996PTC097577 |
C G
INTERNATIONAL PRIVATE LIMITED |
Director |
01-03-11 |
23-02-96 |
- |
Active |
NO |
|
3 |
U27205MH2006PTC165627 |
C. G. CREATIONS
PRIVATE LIMITED |
Director |
17-11-06 |
17-11-06 |
03-11-10 |
Active |
NO |
|
4 |
U36911MH2003PTC138986 |
TACHE JEWELRY
PRIVATE LIMITED |
Director |
24-04-07 |
24-04-07 |
- |
Active |
NO |
|
5 |
U36911GJ2010PTC061618 |
TCG JEWELRY
PRIVATE LIMITED |
Director |
16-07-10 |
16-07-10 |
- |
Active |
NO |
|
Name : |
Mr. Nikhil
Ishwarlal Khandwala |
|
Designation : |
Managing Director |
|
Address : |
1001,
Manju Apartment, |
|
Date of Birth/Age : |
03.08.1963 |
|
Date of Appointment : |
24.04.2007 |
|
DIN No.: |
00446539 |
Other Directorship :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U36910MH2004PTC145245 |
SHIVANI JEWELS
PRIVATE LIMITED |
Whole-time
director |
22-03-04 |
22-03-04 |
- |
Strike off |
NO |
|
2 |
U99999MH1996PTC097577 |
C G
INTERNATIONAL PRIVATE LIMITED |
Director |
01-03-11 |
01-06-06 |
- |
Active |
NO |
|
3 |
U27205MH2006PTC165627 |
C. G. CREATIONS
PRIVATE LIMITED |
Director |
17-11-06 |
17-11-06 |
03-11-10 |
Active |
NO |
|
4 |
U36911MH2003PTC138986 |
TACHE JEWELRY
PRIVATE LIMITED |
Managing
director |
24-04-07 |
24-04-07 |
- |
Active |
NO |
|
5 |
U36911GJ2010PTC061618 |
TCG JEWELRY
PRIVATE LIMITED |
Director |
16-07-10 |
16-07-10 |
- |
Active |
NO |
|
Name : |
Mr. Andre
Christian Manfred Giloy |
|
Designation : |
Director |
|
Address : |
Fichtenhof,
Idar-Oberstein - 55743, |
|
Date of Birth/Age : |
26.04.1965 |
|
Date of Appointment : |
27.08.2007 |
|
DIN No.: |
02459957 |
Other Directorship :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U99999MH1996PTC097577 |
C G
INTERNATIONAL PRIVATE LIMITED |
Director |
01-04-97 |
01-04-97 |
Active |
NO |
|
2 |
U36911MH2003PTC138986 |
TACHE JEWELRY
PRIVATE LIMITED |
Director |
30-09-08 |
27-08-07 |
Active |
NO |
|
Name : |
Mr. Ashish Anit
Choksi |
|
Designation : |
Director |
|
Address : |
9,
Fichtenhof, Idar-Oberstein - 55743, |
|
Date of Birth/Age : |
10.08.1967 |
|
Date of Appointment : |
27.08.2007 |
|
DIN No.: |
02117208 |
Other Directorship :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U99999MH1996PTC097577 |
C G INTERNATIONAL
PRIVATE LIMITED |
Director |
01-04-97 |
01-04-97 |
Active |
NO |
|
2 |
U36911MH2003PTC138986 |
TACHE JEWELRY
PRIVATE LIMITED |
Director |
30-09-08 |
27-08-07 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 17.06.2011
|
Names of Shareholders |
|
No. of Shares |
|
Tache
Investments S.A. |
|
3639000 |
|
C.
G. International Private Limited, Indiaa |
|
2900000 |
|
Meera
Nikhil Khandwala |
|
647750 |
|
Total |
|
7186750 |
As on 17.06.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indiaan or Overseas corporate bodies or others] |
|
50.64 |
|
Bodies
corporate |
|
40.35 |
|
Directors
or relatives of directors |
|
9.01 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Diamond studded Gold Jewelry like rings, pendants, earrings, bracelets and necklaces. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production (Jewellery) # |
|
Studded Jewellery |
|
Not Applicable |
* Not Ascertainable |
167828 |
Note:
* i) Management of the Company is of the opinion
that installed capacity is not ascertainable on account of product - mix and different specifications.
ii) Jewellery includes
product mix of Gold/ Silver/ Palladium studded jewellery in the form of Bridal
Rings, Rings, Earrings, Pendants, Necklace, Bracelets and others.
# iii) Includes - Job Work Production and Production
for customer(s) from whom gold is received on a loan basis.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
ABN Amro Bank N. V. , 7th Floor, Sakhar Bhavan, Nariman
Point, Mumbai 400 021, Maharashtra, Indiaa |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M.A. Parikh and Company Chartered Accountants |
|
Address : |
Fort, Mumbai – 400001, |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFM1433H |
|
|
|
|
Holding Company:
|
Tache investment, |
|
|
|
|
Associates: |
C.G International Private Limited, Indiaa |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs. 10/- each |
Rs. 120.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7186750 |
Equity Shares |
Rs. 10/- each |
Rs. 71.868 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 |
71.868 |
83.383 |
100.791 |
|
|
2] Share Application Money |
0.000 |
12.167 |
16.759 |
|
|
3] Reserves & Surplus |
162.045 |
114.481 |
71.869 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
233.913 |
210.031 |
189.419 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.750 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.750 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
7.934 |
|
|
|
|
|
|
|
|
TOTAL |
234.663 |
210.031 |
197.353 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
118.821 |
121.265 |
124.941 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
4.955 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
97.432
|
56.415 |
51.198 |
|
|
Sundry Debtors |
154.666
|
80.176 |
172.797 |
|
|
Cash & Bank Balances |
44.415
|
49.668 |
11.210 |
|
|
Other Current Assets |
5.232
|
2.077 |
5.323 |
|
|
Loans & Advances |
2.056
|
2.054 |
1.974 |
|
Total
Current Assets |
303.801
|
190.390 |
242.502 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
187.148
|
99.592 |
174.631 |
|
|
Other Current Liabilities |
0.229
|
0.200 |
0.187 |
|
|
Provisions |
0.582
|
1.832 |
0.227 |
|
Total
Current Liabilities |
187.959
|
101.624 |
175.045 |
|
|
Net Current Assets |
115.842
|
88.766 |
67.457 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
234.663 |
210.031 |
197.353 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
OPERATING INCOME |
656.673 |
527.928 |
588.389 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
62.879 |
46.945 |
55.656 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST |
0.000 |
0.101 |
0.390 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
62.879 |
46.844 |
55.266 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.154 |
4.049 |
4.069 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
58.725 |
42.795 |
51.197 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.000 |
6.955 |
8.124 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
48.725 |
35.840 |
43.073 |
|
|
|
|
|
|
|
|
|
Add |
Deferred Tax
Liability |
0.000 |
7.934 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
26.507 |
22.733 |
NA |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
62.500 |
40.000 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
12.732 |
26.507 |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
649.908 |
516.195 |
586.841 |
|
|
|
Repairs |
0.006 |
0.001 |
0.078 |
|
|
|
Job Work Production |
4.722 |
8.339 |
0.000 |
|
|
TOTAL EARNINGS |
654.637 |
524.535 |
586.919 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
582.844 |
455.595 |
477.592 |
|
|
|
Capital Goods |
1.538 |
1.059 |
0.000 |
|
|
|
Others |
2.777 |
2.611 |
0.908 |
|
|
TOTAL IMPORTS |
587.159 |
459.265 |
478.500 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.39 |
3.77 |
4.28 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.14
|
0.14 |
0.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.20 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.81
|
0.48 |
0.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.62
|
1.87 |
1.38 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constructions of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
No |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
---------------- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
Yes |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
---------------- |
|
Litigations that the firm/ Promoters Involved in |
---------------- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
--------------- |
|
Buyer visit details |
--------------- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
DIAMOND INDUSTRY –
-
From time immemorial,
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
The diamond jewellery industry in
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
DIAMOND
SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT
This could be the biggest credibility crisis
the Indian diamond industry has ever faced. Fifteen banks run the risk of
losing Rs.20000.000 millions lent to a dozen diamond firms in
-
Most of the money borrowed from
the banks in the name of their diamond business has been diverted in real
estate and the share market. The banks are not in a position to seize their
properties because in many cases, these were purchased in the name of their
relatives and friends.
OPERATIONS:
The company
achieved Export turnover of Rs. 789.727 Millions (Including the value of Loan
Gold) during the year compare to previous year turnover of Rs. 635.302
Millions. The company has continued turnaround and achieved Net Profit of Rs.
48.725 Millions after all the provisions. During the year, the management had
taken various steps including reduction in expenses, streamlining production
and improving on productivity in achieving the better results.
FIXED ASSETS:
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 Indiarect 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. 53.72 |
|
|
1 |
Rs. 86.98 |
|
Euro |
1 |
Rs. 70.64 |
INFORMATION DETAILS
|
Report Prepared
by : |
ACH |
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 |
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 |
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 Indiacated 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.