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Report Date : |
18.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
RAYMOND ZAMBAITI LIMITED (w.e.f. 04.04.2009) |
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Formerly Known
As : |
RAYMOND ZAMBAITI PRIVATE LIMITED (w.e.f. 18.03.2006) MICROLITE TEXTILE PRIVATE LIMITED |
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Registered Office : |
New Hind House, Narottam Morarji Marg, Ballard Estate, Fort, Mumbai
400001, |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
27.10.2004 |
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Com. Reg. No.: |
11-149276 |
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Capital
Investment/ Paid-up Capital: |
Rs. 820.000
Millions |
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CIN No.: [Company
Identification No.] |
U17120MH2004PTC149276 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
KLPR01648D |
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Legal Form : |
A Closely held Public Limited Liability Company. |
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Line of Business : |
Manufacturer of Cotton shirting fabrics. |
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No. of Employees: |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 4180092 |
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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 joint venture between Raymond Limited, India and
Cotonificio Honegger S.P.A., (Part of Gruppo Zambaiti, Italy). It 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. In view of the strong promoters, 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. Sachin Sadhale |
|
Designation : |
Finance Officer |
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Contact No.: |
91-9922926190 |
|
Date : |
18.05.2012 |
LOCATIONS
|
Registered Office : |
New Hind House, Narottam Morarji Marg, Ballard Estate, Fort, Mumbai
400001, |
|
Tel. No.: |
91-22-22618321/ 66046000 |
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Mobile No.: |
91-9326124256 (Mr. Yogesh Kulkarni) |
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Fax No.: |
91-22-22620052 |
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E-Mail : |
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Website: |
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Corporate Office : |
2nd Floor, B Wing, Pandurang Budhkar Marg, Worli,
Mumbai-400018, |
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Tel. No.: |
91-22-40349999 |
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Factory : |
T1 5 Star MIDC, Kasaba Sangaon, |
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Area : |
Approximately 221000 sq.m. (Leased) |
DIRECTORS
AS ON 29.07.2011
|
Name : |
Mr. Gautam Hari Singhania |
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Designation : |
Director |
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Address : |
J. K. House, 59A, |
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Date of Birth/Age : |
09.09.1965 |
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Date of Appointment : |
30.03.2005 |
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DIN No.: |
00020088 |
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Name : |
Mr. Pradeep Kumar Bhandari |
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Designation : |
Director |
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Address : |
B-1, Raymond Staff Quarters, Jekegram, Thane 400606, |
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Date of Birth/Age : |
15.08.1957 |
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Date of Appointment : |
30.03.2005 |
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DIN No.: |
00021923 |
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Name : |
Mr. Robert Apolin Lobo |
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Designation : |
Director |
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Address : |
RH 25, Customs Colony B CHS Limited, |
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Date of Birth/Age : |
25.02.1960 |
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Date of Appointment : |
30.03.2005 |
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DIN No.: |
00074035 |
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Name : |
Mr. Pietro Zambaiti |
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Designation : |
Director |
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Address : |
VIA G Marconi, 20, Albino (BG) |
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Date of Birth/Age : |
01.10.1971 |
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Date of Appointment : |
30.03.2005 |
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DIN No.: |
01279654 |
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Name : |
Mr. Franco Radici |
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Designation : |
Director |
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Address : |
VIA, Garibaldi 68/L, Seriate (BG), Seriate 240068 |
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Date of Birth/Age : |
04.10.1949 |
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Date of Appointment : |
30.03.2005 |
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DIN No.: |
01279742 |
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Name : |
Mr. Giancarlo Zambaiti |
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Designation : |
Director |
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Address : |
VIA Monte Grappa, 68, Leffe (BG), |
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Date of Birth/Age : |
04.11.1939 |
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Date of Appointment : |
30.03.2005 |
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DIN No.: |
01278445 |
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Name : |
Mr. Angelo Zambaiti |
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Designation : |
Alternate Director |
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Address : |
VIA G, Marconi, 26, Albino (BG), |
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Date of Birth/Age : |
20.05.1969 |
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Date of Appointment : |
30.03.2005 |
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DIN No.: |
01278354 |
KEY EXECUTIVES
|
Name : |
Mr. Yogesh Kulkarni |
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Designation : |
Finance Officer |
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Name : |
Mr. Sachin Sadhale |
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Designation : |
Finance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.07.2011
|
Names of Shareholders |
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No. of Shares |
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Raymond Limited, |
|
40990000 |
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Cotonificio Honegger Spa, |
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41000000 |
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Raymond Limited Jointly with Alkari Nitin Priti |
|
5000 |
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Raymond Limited jointly with Fernandes Thomas |
|
1000 |
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Raymond Limited jointly with Lobo Robert |
|
1000 |
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Raymond Limited jointly with Jain Gyanmal |
|
1000 |
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Raymond Limited Jointly with Thakker Subash |
|
1000 |
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Raymond Limited jointly with Ramasubramaniam Uma |
|
1000 |
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Total |
|
82000000 |
Equity Share Breakup (Percentage of Total Equity)
AS ON 29.07.2011
|
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 |
50.00 |
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Bodies corporate |
50.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Cotton shirting fabrics. |
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Products: |
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Exports : |
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Products : |
Cotton shirting fabrics |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash, Credit |
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Purchasing : |
L/C, Cash, Credit |
PRODUCTION STATUS AS ON 31.03.2011
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Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity # |
Actual
Production * |
|
Cotton Fabric |
Meters |
12000000 |
10000000 |
13630234 |
# As certified by the management and being a technical matter, accepted by the Auditors as correct.
(*) Production meant for sale includes outsourced and job
work fabric.
GENERAL INFORMATION
|
Suppliers : |
·
GPL Industries ·
Ambika Cotton Mills Limited |
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Customers : |
·
Aditya Birla ·
Raymond Limited |
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No. of Employees: |
800 (Approximately) |
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Bankers : |
State Bank of India, Corporate Accounts Group-Mumbai, Neville House, 3rd
Floor, J.N. Heredia Marg, Ballard Estate, Mumbai-400001, Maharashtra, India |
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Banking
Relations : |
Term Loan – Rs.620.000 Millions
Cash Credit – Rs.450.000 Millions
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Auditors : |
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Name : |
Dalal and Shah Chartered Accountants |
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Address : |
252, Veer Sawarkar Marg, |
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Joint Venture: |
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Relationship of control of Joint venture partner : |
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CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
90000000 |
Equity Shares |
Rs. 10/- each |
Rs. 900.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
82000000 |
Equity Shares |
Rs. 10/- each |
Rs. 820.000
Millions |
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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 |
|
|
|
|
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1] Share Capital |
820.00 |
820.000 |
820.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
225.023 |
149.897 |
38.672 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1045.023 |
969.897 |
858.672 |
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|
LOAN FUNDS |
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|
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1] Secured Loans |
953.406 |
855.650 |
1011.128 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
953.406 |
855.650 |
1011.128 |
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DEFERRED TAX LIABILITIES |
92.567 |
83.624 |
27.430 |
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|
|
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TOTAL |
2090.996 |
1909.171 |
1897.230 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1191.045 |
1194.947 |
1339.001 |
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Capital work-in-progress |
47.695 |
1.454 |
1.707 |
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|
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|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
447.114
|
260.873
|
241.940 |
|
|
Sundry Debtors |
576.673
|
414.254
|
323.118 |
|
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Cash & Bank Balances |
2.393
|
80.778
|
37.359 |
|
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Other Current Assets |
56.099
|
53.722
|
65.725 |
|
|
Loans & Advances |
94.392
|
143.487
|
67.171 |
|
Total
Current Assets |
1176.671
|
953.114
|
735.313 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
304.065
|
173.289
|
146.845 |
|
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Other Current Liabilities |
9.324
|
9.597
|
11.595 |
|
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Provisions |
11.026
|
57.459
|
20.351 |
|
Total
Current Liabilities |
324.415
|
240.345
|
178.791 |
|
|
Net Current Assets |
852.256
|
712.769
|
556.522 |
|
|
|
|
|
|
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
2090.996 |
1909.170 |
1897.230 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales, Services and Export Incentives |
2095.594 |
1631.966 |
1295.025 |
|
|
|
Other Income |
28.394 |
9.583 |
21.658 |
|
|
|
TOTAL (A) |
2123.988 |
1641.549 |
1316.683 |
|
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Costs |
1280.854 |
705.555 |
511.341 |
|
|
|
Manufacturing Cost |
350.824 |
409.035 |
331.133 |
|
|
|
Increase/ Decrease in Finished and Process stock |
0.000 |
28.391 |
5.695 |
|
|
|
Employee Cost |
106.496 |
79.596 |
67.418 |
|
|
|
Administrative, Selling and General Expenses |
66.848 |
47.101 |
84.102 |
|
|
|
TOTAL (B) |
1805.022 |
1269.678 |
999.689 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
318.966 |
371.871 |
316.994 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
52.618 |
52.005 |
55.711 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
266.348 |
319.866 |
261.283 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
161.539 |
152.438 |
151.474 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
104.809 |
167.428 |
109.809 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
29.224 |
56.203 |
23.730 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
75.585 |
111.225 |
86.079 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
38.672 |
[47.407] |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
225.023 |
149.897 |
38.672 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
374.094 |
431.915 |
|
|
TOTAL EARNINGS |
NA |
374.094 |
431.915 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
5.721 |
15.052 |
|
|
|
Stores & Spares |
NA |
20.076 |
26.657 |
|
|
|
Capital Goods |
NA |
1.950 |
1.100 |
|
|
TOTAL IMPORTS |
NA |
27.747 |
42.809 |
|
|
|
|
|
|
|
|
|
|
Basic and
Diluted Earnings Per Share (Rs.) |
0.93 |
1.36 |
1.05 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover |
|
|
2250.000 |
Expected Sales (2012-2013) : Rs.900.000 Millions
The above information has been parted by Mr. Sachin Sadhale (Finance Officer)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.56
|
6.78
|
6.54 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.00
|
10.26
|
8.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.43
|
7.79
|
5.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.17
|
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.22
|
1.13
|
1.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.63
|
3.97
|
4.11 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs.
in Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Due to micro and small enterprises |
2.885 |
0.335 |
0.015 |
|
Due to other creditors |
301.180 |
172.954 |
146.830 |
|
Total |
304.065 |
173.289 |
146.845 |
|
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
involved in |
-- |
|
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 |
OPERATIONS
The gross turnover of the Company was Rs.2117.600 Millions (Previous Year: Rs. 1632.000 Millions). The Company had a Profit after Tax of Rs.75.100 Millions (Previous Year: Rs. 111.200 Millions) during the year ended March 2011. During the year steep increase in cotton prices have impacted the profitability of this Company. This Company is a preferred premium high value shirting supplier to leading domestic brands and has a strong emphasis on quality and innovation.
In order to conserve the resources of the Company, the Directors do not recommend any dividend for this financial year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U17120MH2004PTC149276 |
|
Name of the
company |
RAYMOND ZAMBAITI PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
New Hind House, Narottam Morarji Marg, Ballard Estate, Fort, Mumbai
400001, |
|
This form is for |
Modification of
Charge |
|
Charge
identification number of the charge to be modified |
80007223 |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
State Bank of |
|
Nature of
instrument creating charge |
Fourth Supplemental
Agreement of Hypothecation of Goods And Assets, Dated 26th August, 2011, For
Increase In Overall Limits. |
|
Date of
instrument Creating the charge |
26/08/2011 |
|
Amount secured by
the charge |
Rs.2154.800
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest CC facility @
4.00% Above Br Effective Rate Being 13.50% P.A (Floating) Terms of
Repayment Working Capital
Facilities Will Be Payable On Demand. Margin 25% Extent and
Operation of the charge A. Security For
Working Capital: Exclusive Charge On Current Assets. B. Security For
Term Loan: Exclusive First Charge On The Company's Present And Future Movable
Assets And Immovable Assets. |
|
Short particulars
of the property charged |
Exclusive First
Charge On The Company's Present And Future Movable Assets And Immovable
Assets. |
|
Date of
instrument modifying the charge |
16/05/2011 |
|
Particulars of
the present modification |
Hypothecation Charge
Created In Favour Of The Bank Over The Entire Movable Assets Of The Company
Both Present And Future Is Increased From Existing Charge Of Rs.2037.800
Millions To Rs.2154.800 Millions. |
|
Corporate
identity number of the company |
U17120MH2004PTC149276 |
|
Name of the
company |
RAYMOND ZAMBAITI PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
New Hind House, Narottam Morarji Marg, Ballard Estate, Fort, Mumbai 400001,
|
|
This form is for |
Modification of
Charge |
|
Charge
identification number of the charge to be modified |
80007223 |
|
Type of charge |
Immovable Property Movable Property |
|
Particular of
charge holder |
State Bank of |
|
Nature of
instrument creating charge |
Memorandum of
Entry for extending the mortgage by Deposit of Title Deeds from Rs. 1540.000
Millions to Rs. 1622.800 Millions dated May 16, 2011 |
|
Date of
instrument Creating the charge |
16.05.2011 |
|
Amount secured by
the charge |
Rs. 2037.800
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest 4% above base
rate present effective rate 11.50% p.a. (Floating) with monthly rest. Terms of
Repayment 24 quarterly
installments commencing after 2 years form the date of first draw drawn. Margin 25% for the
proposed loan. Extent and
Operation of the charge Exclusive first
charge on the company’s present and future movable and immovable assets. |
|
Short particulars
of the property charged |
All that piece and
parcel of the land known as Plot No. T-1 an T-1 part, admeasuring 221525
sq.mtrs. of thereabout, Address: in the
Kagal- Hatkanangale Five Start Industrial Area, within village limits of
Kasba Sangaon and outside the limits
of Kolhapur Municipal Corporation, Kolhapur Tal: Kahgal, District Kolhapur
with all Buildings and structures thereon and all plant and machinery
attached to the earth or permanently fastened to anything attached to the
earth, both present and future belonging to the borrower. |
|
Date of
instrument modifying the charge |
29.12.2010 |
|
Particulars of
the present modification |
The limit on
Mortgage and charge of immovable properties has been enhanced from Rs.
1540.000 Millions to Rs. 1622.800 Millions by the deposit of title deeds. |
FIXEDASSETS:
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. 54.38 |
|
|
1 |
Rs. 86.55 |
|
Euro |
1 |
Rs. 69.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
|
48 |
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.