1. Summary Information
|
|
|
Country |
|
|
Company Name |
OM VINYLS PRIVATE LIMITED |
Principal Name 1 |
MR. NARSHI GOVIND PATEL |
|
Status |
MODERATE |
Principal Name 2 |
MR. HIRALAL LADHA PATEL |
|
|
|
Registration # |
11-154369 |
|
Street Address |
OFFICE NO.306, 307, 308, 3RD FLOOR, VYAPAR
BHAWAN, 49, |
||
|
Established Date |
30.06.2005 |
SIC Code |
-- |
|
Telephone# |
91-22-23483550/ 53 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-22-23733551 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
PVC FILMS |
|
|
# of employees |
150
(APPROXIMATELY) |
Product Name 2 |
SHEETING |
|
Paid up capital |
RS.33,430,480/- |
Product Name 3 |
PVC LEATHER
CLOTH |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS – 100% |
Banking |
THE
COSMOS CO-OPERATIVE BANK LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
6 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B
(30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
94,415,000
|
Current Liabilities |
73,324,000
|
|
Inventories |
43,003,000
|
Long-term Liabilities |
65,865,000 |
|
Fixed Assets |
67,375,000 |
Other Liabilities |
7,395,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
146,584,000 |
|
Invest& other Assets |
13,212,000 |
Retained Earnings |
43,243,000 |
|
|
|
Net Worth |
71,421,000 |
|
Total Assets |
218,005,000 |
Total Liab. & Equity |
218,005,000 |
|
Total Assets (Previous Year) |
211,857,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
541,300,000 |
Net Profit |
11,333,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
NA |
MIRA
INFORM REPORT
|
Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
OM VINYLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No.306, 307, 308, 3rd Floor, Vyapar
Bhawan, 49, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.06.2005 |
|
|
|
|
Com. Reg. No.: |
11-154369 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.33.430
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24134MH2005PTC154369 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO3782C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of PVC Films and Sheeting and PVC Leather Cloth (Calendered, Coated and
Foamed). |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 286000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. 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 : |
Office No.306, 307, 308, 3rd Floor, Vyapar
Bhawan, 49, |
|
Tel. No.: |
91-22-23483550/ 53 |
|
Fax No.: |
91-22-23733551 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Located at: v
Valsad, |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Narshi Govind Patel |
|
Designation : |
Director |
|
Address : |
Building No.11, Flat No.837, MHB Colony, Kalachowki, Mumbai – 400 033
, |
|
Date of Appointment : |
30.06.2005 |
|
DIN No.: |
00472260 |
|
|
|
|
Name : |
Mr. Hiralal Ladha Patel |
|
Designation : |
Director |
|
Address : |
|
|
Date of Appointment : |
30.06.2005 |
|
DIN No.: |
00472305 |
|
|
|
|
Name : |
Mr. Himanshu Kanji Asher |
|
Designation : |
Director |
|
Address : |
8, Saini Bhavan, |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
00476513 |
|
|
|
|
Name : |
Mr. Savji Govindbhai Ravaria |
|
Designation : |
Director |
|
Address : |
304, Krishna Complex, New GIDC, Gundlav, Valsad – 396 036, |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
01480282 |
|
|
|
|
Name : |
Mr. Madhusudhan Rao Panchalavarapu
|
|
Designation : |
Director |
|
Address : |
803, D Wing, Crown Vasant Marvel, Western Express Highway, Next to
CCI, Borivali (East), Mumbai – 400 040, Maharashtra, India |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
02035457 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Narshi Govind Patel |
1043086 |
31.20 |
|
Hiralal Ladha Patel |
‘679578 |
20.33 |
|
Babu Gela Patel |
44000 |
1.32 |
|
Bechar A. Gami |
40000 |
1.20 |
|
Bhachiben H. Patel |
175360 |
5.25 |
|
Deepak M. Padia |
29000 |
0.87 |
|
Gopal D. Patel |
76000 |
2.27 |
|
Hira Ladha Patel HUF |
167180 |
5.00 |
|
Jesha Govind Patel |
49300 |
1.47 |
|
Ladha Aanda Vaviya |
43320 |
1.30 |
|
Meena Damji Patel |
255240 |
7.63 |
|
Narshi Ladha Patel (HUF) |
137680 |
4.12 |
|
Savji Govind Ravariya |
174050 |
5.21 |
|
Himanshu Kanji Asher |
26200 |
0.78 |
|
P. Madhusudan Rao |
26200 |
0.78 |
|
Ch. S.V.A. Charyulu |
200 |
0.01 |
|
Jasmina Jagdish Patel |
51710 |
1.55 |
|
Savita Narshi Patel |
254384 |
7.61 |
|
Savji Govind Ravariya (HUF) |
8570 |
0.26 |
|
Kanaiyalal Pitamber Suthar |
25710 |
0.77 |
|
Gautam Nanji Verat |
13425 |
0.40 |
|
Mahyavanshi D. Soma |
8570 |
0.26 |
|
Kishore Meghji Patel |
14285 |
0.43 |
|
Total |
3343048 |
100.00 |
As on 15.03.2012
|
Names of Shareholders |
|
No. of Shares |
|
Uniglory Developers Private Limited, |
|
187500 |
|
Anandloke Suppliers and Traders Private Limited, |
|
93750 |
|
Shimmer Builders Private Limited, |
|
31250 |
|
Total |
|
312500 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of PVC Films and Sheeting and PVC Leather Cloth (Calendered, Coated and
Foamed). |
|
|
|
|
Products : |
v
PVC Leather Cloth v
PVC Films and Sheeting |
GENERAL INFORMATION
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
v
The Cosmos Co-operative Bank Limited, Mandvi
Branch, Masjid Bunder, Mandvi West, Mumbai – 400 009, v HDFC Bank Limited v ICICI Bank Limited v Kotak Mahindra Bank Limited |
||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kapadia Shah and Company Chartered Accountants |
|
Address : |
CM-20, Above State Bank of |
|
Tel. No.: |
91-260-2421392/ 2421329 |
|
Fax No.: |
91-260-2428851 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFK2662N |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital : Rs.50.000 millions
Issued, Subscribed & Paid-up Capital : Rs.36.855
millions
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3343048 |
Equity Shares |
Rs.10/- each |
Rs.33.430
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 |
33.430 |
32.610 |
31.938 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
43.243 |
41.199 |
32.907 |
|
|
4] (Accumulated Losses) |
(5.252) |
(11.274) |
(20.195) |
|
|
NETWORTH |
71.421 |
62.535 |
44.650 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
65.065 |
78.850 |
91.436 |
|
|
2] Unsecured Loans |
0.800 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
65.865 |
78.850 |
91.436 |
|
|
DEFERRED TAX LIABILITIES |
3.232 |
0.237 |
0.712 |
|
|
|
|
|
|
|
|
TOTAL |
140.518 |
141.622 |
136.798 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
67.375 |
65.197 |
74.231 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
13.212 |
11.759 |
11.032 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
43.003
|
38.024 |
32.775
|
|
|
Sundry Debtors |
81.518
|
74.997 |
53.775
|
|
|
Cash & Bank Balances |
4.110
|
0.487 |
0.889
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans, Advances & Deposits |
8.787
|
20.987 |
8.162
|
|
Total
Current Assets |
137.418
|
134.495 |
95.601 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
72.930
|
65.895 |
42.920
|
|
|
Other Current Liabilities |
0.394
|
1.073 |
0.276
|
|
|
Provisions |
4.163
|
3.267 |
1.682
|
|
Total
Current Liabilities |
77.487
|
70.235 |
44.878 |
|
|
Net Current Assets |
59.931
|
64.260 |
50.723
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.406 |
0.812 |
|
|
|
|
|
|
|
|
TOTAL |
140.518 |
141.622 |
136.798 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
541.300 |
NA |
285.708 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
552.626 |
NA |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
552.626 (Including
interest & depreciation) |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
NA |
29.977 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
|
NA |
13.471 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
NA |
16.506 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
NA |
12.466 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
NA |
4.040 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
0.439 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
11.333 |
NA |
3.601 |
|
|
|
|
|
|
|
|
|
Add |
Prior Year Tax
Adjustment |
NA |
NA |
(0.018) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
23.778 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
NA |
NA |
(20.195) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
172.907 |
105.242 |
NA |
|
|
TOTAL EARNINGS |
172.907 |
105.242 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.39 |
NA |
1.13 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
1.41
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
2.38
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
0.09
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.01
|
2.38 |
3.05
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.77
|
1.91 |
2.13
|
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 |
Yes |
|
9) Name of person
contacted |
No |
|
10) Designation
of contact person |
No |
|
11) Turnover of
firm for last two years |
Yes |
|
12) Profitability
for last two 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 |
No |
|
18) Major
customers |
No |
|
19) Payments
terms |
No |
|
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 |
FIXED ASSETS:
v Buildings
v Office Premises
v Plant and Machinery
v Air Conditioner
v Computer and Software
v Tools and Equipments
v Laboratory Equipment
v Electric Installation
v Electric Equipments
v Office Equipment
WEBSITE DETAILS:
INTRODUCTION
Subject is engaged in the manufacture of PVC films
and sheeting and PVC leathercloth (Calendered, Coated and Foamed)
They introduce theirselves as a company dedicated to customer service by
providing consistent quality, fair pricing and adherence to commitments.
Subject is the result of an
association of experienced technocrats, financial and marketing professionals
having years of experience in their related field.
Their state of the art plant strategically located at Valsad,
Born to revitalize the market plagued by inconsistent quality and stagnant
products, subject has come as a
breath of fresh air introducing it’s innovative range in tune with global
tastes. Over 100 embossing designs and 50 latest electronic engraved printing
designs to choose from, subject
is probably the only company in
Their family consists of dedicated professionals who live day and night by
their ideology which is customer centric in nature.
Subject products has not only
caught the imagination of customers in
THE PLANT:
Their state of the art plant is located at Valsad, Gujarat
at a distance of about 150 kms from the port city of
Their technical directors, having more than two decades of experience in the PVC industry are permenantly based at the plant and oversee it’s operation.
Fully equipped to manufacture PVC Leathercloth and PVC films and sheeting, they offer an array of almost 100 embossing and 50 latest electronically engraved printing designs.
Their computerized German calandering machine is equipped with beta ray guage
system to ensure uniform thickness of PVC film thereby eliminating the problem
of guage variation.
A truly well planned plant where sequence/flow of material from the raw
material stage to the finished stage is such that there is minimal wastage of
time, thus ensuring faster deliveries.
Their modern laboratory is equipped with the latest testing and R&D instruments and is manned by well qualified personnel. A three tier quality control system, one at the raw material stage, one at the production stage and finally at the finished goods stage ensures that the very best quality adhering to international standards leave the factory gates.
Close proximity to the Kandla and JNPT port near Mumbai ensures speedy movement of both raw material and their finished goods meant for their overseas customers.
Correct specified material adhering to international standards and on time deliveries are the two objectives by which their staff of almost 150 workers promise to deliver.
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.54.68 |
|
|
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.