MIRA
INFORM REPORT
|
Report Date : |
08.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
RICH PHYTO CARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. E, Arpotha’s Apartment, B- Bank Street, Kil Pauk, Chennai –
600 010, Tamil Nadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.04.2004 |
|
|
|
|
Com. Reg. No.: |
18-53123 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 23.918 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24129TN2004PTC053123 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRIR00884C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR8543G |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
To manufacture and process agriculture inputs like fertilizers,
insecticides, sales and consultancy services |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
|
|
|
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having moderate track. Profitability
appears to be low. However, trade relations are reported as fair. Business is
active. Payments are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
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 Office : |
Flat No. E, Arpotha’s Apartment, B- Bank Street, Kil Pauk, Chennai –
600 010, Tamil |
|
Tel. No.: |
91-4546-285887 |
|
E-Mail : |
|
|
|
|
|
Factory : |
15-1-1, |
|
Telephone: |
91-4546-285887 |
|
Fax: |
91-4546-284167 |
DIRECTORS
AS ON 22.09.2011
|
Name : |
Mr. Ramesh Chandran Devendranathan |
|
Designation : |
Managing Director |
|
Address : |
12 D, Thendral Nagar West Street, Bodinayakanur, Theni – 625 513,
Tamil Nadu, India |
|
Date of Birth/Age : |
01.06.1964 |
|
Date of Appointment : |
30.04.2004 |
|
DIN No : |
01994649 |
|
|
|
|
Name : |
Mrs. Subathra Ayyappan |
|
Designation : |
Director |
|
Address : |
12 C Thendral Nagar West Street, Bodinayakanur, Theni – 625 513, Tamil
Nadu, India |
|
Date of Birth/Age : |
28.04.1960 |
|
Date of Appointment : |
30.04.2004 |
|
DIN No : |
02420446 |
|
|
|
|
Name : |
Mrs. Uma Rameshchandran |
|
Designation : |
Director |
|
Address : |
Old No New No.12 Thendral Nagar, Bodinayakanur, Theni – 625 513, Tamil
Nadu, India |
|
Date of Birth/Age : |
24.10.1964 |
|
Date of Appointment : |
30.04.2004 |
|
DIN No : |
02435437 |
|
|
|
|
Name : |
Mr. Mugundan Raghavan |
|
Designation : |
Director |
|
Address : |
104, Alamarathu Street, 1st
Street, Kambam Uthamapalayam, Theni – 625 516, Tamil Nadu, India |
|
Date of
Birth/Age : |
14.05.1969 |
|
Date of
Appointment : |
30.04.2004 |
|
DIN No : |
02463650 |
|
|
|
|
Name : |
Mr. Balaraja Kottimukkalur Sarvesuara |
|
Designation : |
Director |
|
Address : |
770, Madurai Road (Gandhi Road), Theni DT, Theni – 625 531, Tamil
Nadu, India |
|
Date of Birth/Age : |
21.11.1981 |
|
Date of Appointment : |
30.04.2004 |
|
DIN No : |
01953715 |
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 |
U74930TN2004PTC053123 |
RICH
PHYTO CARE PRIVATE LIMITED |
Director |
30-04-04 |
30-04-04 |
- |
Active |
NO |
|
2 |
U01111TN2008PTC066322 |
SRIHARI
FARMS AND VILLAS PRIVATE LIMITED |
Director |
06-02-08 |
06-02-08 |
- |
Active |
|
Name : |
Mr. Subramaniam Narayanan |
|
Designation : |
Director |
|
Address : |
Flat No. E Arputhas Apartment, B- Bank Street, Kil Pauk, Chennai – 600
010, Tamil Nadu. |
|
Date of Birth/Age : |
17.04.1965 |
|
Date of Appointment : |
30.04.2004 |
|
DIN No : |
00827254 |
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 |
U28999TN2003PTC051929 |
SREE
IVY ROCKKS OVERSEAS PRIVATE LIMITED |
Managing
director |
10-11-03 |
10-11-03 |
- |
Active |
NO |
|
2 |
U74930TN2004PTC053123 |
RICH
PHYTO CARE PRIVATE LIMITED |
Director |
30-04-04 |
30-04-04 |
- |
Active |
NO |
|
Name : |
Mr. Karthik Somasundaram |
|
Designation : |
Director |
|
Address : |
Door No. 20 Alamarathupatti Street, Bodinayakanur, Theni – 625 513,
Tamil Nadu, India |
|
Date of Birth/Age : |
30.11.1970 |
|
Date of Appointment : |
21.04.2005 |
|
DIN No : |
02420430 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.09.2011
|
Names of Shareholder |
No. of Shares |
|
D Ramesh Chandran |
46425 |
|
T Subathra |
34200 |
|
R Uma |
45300 |
|
T S K R Mughuthan |
17756 |
|
K |
26825 |
|
|
37281 |
|
|
21775 |
|
T Mohan |
31700 |
|
|
10585 |
|
T S K R Gugan |
17756 |
|
G Kumaran |
26145 |
|
V Manon Mani |
16000 |
|
M Venkatalakshmi |
17100 |
|
G Indumathi |
17100 |
|
K |
35650 |
|
T Subramaniyan |
5000 |
|
Chandra |
5000 |
|
Jayakarthikeyani |
5000 |
|
N Shekila Banu |
1850 |
|
Abdul Kareem |
7500 |
|
Mumtaj Becum |
7500 |
|
S Manoharan |
6840 |
|
M T Iyyappan |
38063 |
|
Total |
478351 |
AS ON 22.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To manufacture and process agriculture inputs like fertilizers,
insecticides, sales and consultancy services. |
GENERAL INFORMATION
|
Suppliers |
·
Agri Input Centre ·
Aliance Industries ·
Duraplast Industries ·
Environ Biotech ·
Innova Industries ·
Kanani Pesticides and Biochemicals Private
Limited ·
Perfect Plastic Products Private Limited ·
Professional Freight Logistics ·
R Screen ·
R Design ·
Sri Krishna Cartons ·
Sri Vinayaga Trading Company |
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No. of
Employees: |
Not Available |
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Bankers : |
·
State Bank of India, No. ·
Canara Bank ·
Union Bank of ·
ICICI Bank ·
Karur Vysya Bank, Bodinayakanur Branch, 22/73,
Kamaraj Bazaar, 1st Floor, Bodinayakanur – 625513, Tamil Nadu,
India ·
State Bank of Travancore |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
N. P. Haroun Rasheed Chartered Accountant |
|
Address : |
12-A, Rathinasamy Nadar Road, B. B. Kulam, Madurai-625002, Tamil Nadu,
India |
|
PAN No.: |
ACPPR8059P |
CAPITAL STRUCTURE
AS ON 22.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.50/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
478352 |
Equity Shares |
Rs.50/- each |
Rs. 23.918
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 |
23.918 |
23.917 |
19.134 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5.257 |
2.092 |
2.663 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
29.175 |
26.009 |
21.797 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.532 |
0.968 |
1.657 |
|
|
2] Unsecured Loans |
24.727 |
22.544 |
13.470 |
|
|
TOTAL BORROWING |
26.259 |
23.512 |
15.127 |
|
|
DEFERRED TAX LIABILITIES |
0.369 |
0.329 |
0.281 |
|
|
BANK OVERDRAFT |
14.733 |
5.284 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
70.536 |
55.134 |
37.205 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
19.263 |
9.604 |
3.853 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.187
|
18.406
|
7.590 |
|
|
Sundry Debtors |
54.875
|
25.930
|
51.223 |
|
|
Cash & Bank Balances |
2.404
|
5.090
|
7.007 |
|
|
Other Current Assets |
3.343
|
7.491
|
18.275 |
|
|
Loans & Advances |
0.000
|
0.051
|
0.010 |
|
Total
Current Assets |
77.809
|
56.968
|
84.105 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
24.662
|
10.390
|
49.761 |
|
|
Other Current Liabilities |
0.520
|
0.576
|
0.865 |
|
|
Provisions |
1.354
|
0.472
|
0.127 |
|
Total
Current Liabilities |
26.536
|
11.438
|
50.753 |
|
|
Net Current Assets |
51.273
|
45.530
|
33.352 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
70.536 |
55.134 |
37.205 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
218.586 |
11.855 |
175.912 |
|
|
|
Other Income |
NA |
NA |
0.079 |
|
|
|
TOTAL (A) |
NA |
NA |
175.991 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
|
|
107.548 |
|
|
|
Manufacturing Expenses |
|
|
24.750 |
|
|
|
Administrative Expenses |
|
|
24.494 |
|
|
|
Marketing and Selling Expenses |
|
|
13.177 |
|
|
|
TOTAL (B) |
|
NA |
169.969 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
6.022 |
|
|
|
|
|
NA |
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
4.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
2.020 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
NA |
0.416 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.560 |
2.449 |
1.604 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.395 |
0.820 |
0.571 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.165 |
1.629 |
1.033 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
3.165 |
1.629 |
1.033 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
0.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.09
|
20.66
|
0.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.70
|
3.68
|
1.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.09
|
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.81
|
1.36
|
3.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.93
|
4.98
|
1.66 |
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 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 |
Yes |
|
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 |
BUSINESS OUTLOOK
In the Current Financial Year
the board of Director has taken much more effort to increase the volume of
business and achieved 30% increased
of turnover as compared to the last year. Likewise the net profit of the
company also increased. As a service to the society during the year the company
procured and supplied bio organic fertilizer colinically called as saanam to
the cardamom planters who are mostly customer of our company supplies. The
board of directors have taking adequate efforts to increase the volume of
business and profit in the near future without any setback and moving towards
to achieve the goal as promised.
FORM 8
|
Corporate
identity number of the company |
U24129TN2004PTC053123 |
|
Name of the
company |
RICH PHYTO CARE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Flat No. E, Arpotha’s Apartment, B- Bank Street, Kil Pauk, Chennai –
600 010, Tamil Nadu, |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Immovable
Property ·
Book
debts ·
Movable
Property |
|
Particular of
charge holder |
Karur Vysya Bank, Bodinayakanur Branch, 22/73, Kamaraj Bazaar, 1st
Floor, Bodinayakanur – 625513, Tamil Nadu, India E-mail : ramamurthik@kvbmail.com |
|
Nature of
instrument creating charge |
1. Hypothecation
agreement for Cash Credit / Overdraft 2. Deed of
Hypothecation of Current Assets 3. Agreement of
Hypothecation of Book Debts 4. Machinery Loan
Agreement 5. Loans against
fixed assets 6. Agreement of
Hypothecation of Movable 7. Agreement for
Hypothecation of Goods 8. Memorandum of
Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
27.07.2011 |
|
Amount secured by
the charge |
Rs.40.300
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest For OCC-13.00%,
FLC/ILC - As per bank norms, TL (B), HPL (O), HPMA -13.50% Terms of
repayment For TL (B), HPL
(O), HPMA - Repayable in 60 monthly installments with an initial holiday
period of 6 months. Margin For OCC, FLC /
ILC - 25% For TL (B), HPMA
- 50% For HPL (O) - 25% Extent and
operation of the charge The charge shall
operate as exclusive first charge. Facilities: OCC (Take over cum
enhancement from SBI) – 20.000 Millions FLC / ILC (Take
over cum enhancement from SBI) – 10.000 Millions TL (B) (Fresh) –
5.800 Millions HPL (O) (Fresh) –
3.000 Millions HPMA (Fresh) –
1.500 Millions TOTAL – 40.300
Millions over hypothecation of stock of agro fertilizers, book debts,
machineries purchased out of bank finance and hypothecation of furniture and
fixtures purchased out of bank finance and EM Charge over Company properties. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Hypothecation of
stocks of Agro Fertilizers, Book Debts, Hypothecation of machineries
purchased out of bank finance and furniture, fixtures, computer and lab
items. EM over property
situated at 1.
Old
Ward No.24, New Ward No.21, Uthamapalayam Road, Survey Ward No.6, Block No.8,
Old S.No.21/4, Bodinayakanur with 23999 Sq.Ft. 2.
Old
Ward No.24, New Ward No.21, Uthamapalayam Road, Survey Ward No.6, Block No.8,
Old S.No.21/4, Bodinayakanur with 23881 Sq.Ft. |
FIXED ASSETS
·
Building
·
Furniture and Fittings
·
Plant and Machinery
·
Computer Laptop
·
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.53.34 |
|
|
1 |
Rs.86.09 |
|
Euro |
1 |
Rs.69.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
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 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.