MIRA
INFORM REPORT
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Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
TEAM FERRO ALLOYS PRIVATE LIMITED |
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Registered Office : |
Survey No. 357/2/2/1 and 357/2/3/2, |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
28.01.1998 |
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Com. Reg. No.: |
54-000257 |
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Capital Investment / Paid-up Capital : |
RS.22.383 Millions |
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CIN No.: [Company
Identification No.] |
U27100DN1998PTC000257 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
SRTT00650G |
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PAN No.: [Permanent
Account No.] |
AAACT8925A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Ferro Magnet and Cord Wire. |
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No. of Employees
: |
200 (Approximately) |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba (44) |
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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 1100000 |
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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 well 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.
INFORMATION PARTED BY
|
Name : |
Mr. Amit Vyas |
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Designation : |
Finance Manager |
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Contact No.: |
91-9998504745 |
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Date : |
25.05.2012 |
LOCATIONS
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Registered Office/ Factory 1 : |
Survey No. 357/2/2/1 and 357/2/3/2, |
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Tel. No.: |
91-260-3290663/ 3251663 |
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Mobile No.: |
91-8793651036 (Mr. Abhishek) |
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Fax No.: |
91-260-2669699 |
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E-Mail : |
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Website : |
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Area : |
5000 Sq. ft |
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Location : |
Owned |
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Corporate Office : |
Plot No. 79, Universal Annex, IV Floor, Shivaji Nagar, Nagpur-440010, Maharashtra, India |
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Tel. No.: |
91-712-3018666/ 3018667/ 3018668 |
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Fax No.: |
91-712-3012660 |
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Factory 2 : |
Plot No. 3002, G.I.D.C., Sarigram-396155, Valsad, |
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Tel. No.: |
91-260-2780131 |
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Factory 3 : |
Survey No. 19, Village: Gunded Balangar Mandal, Mehboob Nagar-509202, |
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Tel. No.: |
91-8548-320663 |
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Factory 4: |
A-19/ M.I.D.C, Butibori, District |
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Tel. No.: |
91-7104-326347 |
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Factory 5 : |
B-17, MIDC, Village Mundipar, Gondia, |
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Tel. No.: |
91-718-325518 |
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Fax No.: |
91-718-288438 |
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Factory 6 / Branches Office : |
F-304, Ashish Complex, LSC No. 1, Shreshtha Vihar, Delhi-110092, |
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Tel. No.: |
91-11-43051000/ 32997808/ 32991581 |
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Fax No.: |
91-11-43051050/ 60 |
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Factory 7 : |
Plot No. 79, Universal Annex, IV Floor, Shivaji Nagar, Nagpur-440010,
Maharashtra, India |
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Tel. No.: |
91-712-3018666/ 3256557 |
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Fax No.: |
91-712-3012660 |
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E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Anoop Kumar Gutgutia |
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Designation : |
Whole-time Director |
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Address : |
801, |
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Date of Birth/Age : |
11.01.1961 |
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Date of Appointment : |
28.01.1998 |
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Din No.: |
00922280 |
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Name : |
Mr. Rajesh Kumar Jabardan Singh |
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Designation : |
Director |
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Address : |
CM-8/13, Dharti Chambers, N.H. No.8, Opposite, Daman Ganga Times, Gid Vapi I.E., Pardi, Valsad – 396195, Gujarat, India |
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Date of Appointment : |
28.01.1998 |
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DIN No.: |
01938490 |
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Name : |
Mr. Sandeep Rameshkumar Goenka |
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Designation : |
Director |
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Address : |
204, Yash Complex, |
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Date of Birth/Age : |
04.11.1971 |
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Date of Appointment : |
01.04.2006 |
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DIN No.: |
00920923 |
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Name : |
Mr. Manoj Kumar Agrawal |
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Designation : |
Director |
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Address : |
M-11, Anupam Nagar, |
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Date of Birth/Age : |
25.11.1964 |
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Date of Appointment : |
01.04.2006 |
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DIN No.: |
00921305 |
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Name : |
Mr. Rama Ramjanam Singh |
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Designation : |
Director |
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Address : |
C-401, Nishi Gandha Apartment, Royal Gadern, Chala, Vapi –
396191, |
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Date of Appointment : |
31.03.2005 |
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DIN No.: |
02264763 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Vyas |
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Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Anoop Kumar Gutgutia |
|
21553 |
|
Ramjanam Singh |
|
27810 |
|
Zenco Advisory Services Private Limited, |
|
23900 |
|
Asha Gugutia |
|
9215 |
|
Rama R. Singh |
|
3571 |
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Sandeep Rameshkumar Goenka |
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35204 |
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Manoj Kumar Agrawal |
|
35377 |
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Bela Properties Private Limited, |
|
2333 |
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Siddha Ventures Limited, |
|
8333 |
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Gopalka Savings and Investment Private Limited, |
|
2500 |
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Gurudham Sales Private Limited, |
|
15250 |
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Rajeshkemar Janardan Singh |
|
8275 |
|
Suvidha Suppliers Private Limited, |
|
330 |
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Saral Metallurgicals Private Limited, |
|
27214 |
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Niraj R.J. Singh |
|
2377 |
|
Ragini Ramjanam Singh |
|
588 |
|
Total |
|
223830 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
|
Percentage |
|
Bodies corporate |
|
35.67 |
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Directors or relatives of directors |
|
64.33 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Ferro Magnet and Cord Wire. |
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Products : |
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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 : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
PRODUCTION STATUS (As on 31.03.2010)
|
Particulars |
Unit |
Actual
Production |
|
Silico Manganese |
Qty. (Kg) |
9706000 (4861700) |
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Ferro Titanium |
Qty. (Kg) |
97494 (199922) |
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Aluminum Powder |
Qty. (Kg) |
110601 (211991) |
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Ferro Molybdenum |
Qty. (Kg) |
216675 (36433) |
|
MC Ferro Manganese |
Qty. (Kg) |
2676796 (1153192) |
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LC Ferro Manganese |
Qty. (Kg) |
1019247 (329281) |
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HC Ferro Manganese |
Qty. (Kg) |
173300 (144780) |
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Cored Wire |
Qty. (Kg) |
593394 (365145) |
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Aluminum Cubes |
Qty. (Kg) |
450 (26106) |
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Aluminum Notch |
Qty. (Kg) |
0.000 (21583) |
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Nitrided Ferro Maganese |
Qty. (Kg) |
0.000 (10000) |
GENERAL INFORMATION
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Suppliers : |
Glensor international -US |
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Customers : |
End Users and OEM’s
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No. of Employees
: |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
Shailendra Jain and Associates Chartered Accountants |
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Name : |
42/43/44, 2nd Floor, Sahara Market, Near
Reliance Petrol Pump, Silvassa- Vapi Main Road, Vapi-396191, Gujarat, India |
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Tel No.: |
91-260-6543877/ 2422966 |
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Mobile No.: |
91-9825198946 |
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PAN.: |
ABNPJ2331F |
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Associates: |
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CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
223830 |
Equity Shares |
Rs.100/- each |
Rs.22.383 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 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
22.383 |
22.383 |
14.884 |
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2] Share Application Money |
2.504 |
10.500 |
2.400 |
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3] Reserves & Surplus |
247.679 |
235.675 |
109.670 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
272.566 |
268.558 |
126.954 |
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LOAN FUNDS |
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1] Secured Loans |
594.156 |
396.471 |
33.371 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
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TOTAL BORROWING |
594.156 |
396.471 |
33.371 |
|
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DEFERRED TAX LIABILITIES |
12.948 |
5.305 |
2.383 |
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TOTAL |
879.670 |
670.334 |
162.708 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
418.226 |
420.827 |
47.458 |
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Capital work-in-progress |
0.245 |
0.573 |
6.186 |
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INVESTMENT |
22.683 |
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 |
245.026
|
144.191
|
48.377
|
|
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Sundry Debtors |
191.347
|
155.891
|
48.617
|
|
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Cash & Bank Balances |
45.654
|
34.406
|
7.471
|
|
|
Other Current Assets |
4.103
|
0.000
|
0.000
|
|
|
Loans & Advances |
69.119
|
42.008
|
33.821
|
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Total
Current Assets |
555.249
|
376.496
|
138.286
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
61.374
|
98.502
|
21.044
|
|
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Other Current Liabilities |
48.596
|
23.421
|
5.855
|
|
|
Provisions |
6.763
|
5.639
|
2.323
|
|
Total
Current Liabilities |
116.733
|
127.562
|
29.222
|
|
|
Net Current Assets |
438.516
|
248.934
|
109.064
|
|
|
|
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|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
879.670 |
670.334 |
162.708 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
|
|
|
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Other Income |
|
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|
|
|
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TOTAL (A) |
|
|
638.565 |
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Less |
EXPENSES |
NA |
NA |
|
|
|
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|
Office Expenses |
|
|
|
|
|
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Administrative Expenses |
|
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Advertising Expenses |
|
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|
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TOTAL (B) |
|
|
606.854 |
|
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|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
102.417 |
137.891 |
31.711 |
|
|
|
|
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|
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Less |
FINANCIAL
EXPENSES (D) |
54.716 |
13.547 |
6.123 |
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|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
47.701 |
124.344 |
25.588 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
20.212 |
9.902 |
2.223 |
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PROFIT BEFORE
TAX (E-F) (G) |
27.489 |
114.442 |
23.365 |
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Less |
TAX (I) |
|
27.705 |
7.736 |
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|
PROFIT AFTER TAX
(G-I) (J) |
144.486 |
86.737 |
15.569 |
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|
Add |
PROFIT PRIOR
ADJUSTMENTS |
4.043 |
0.351 |
0.022 |
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Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
1.853 |
8.709 |
1.559 |
|
|
|
Dividend |
5.596 |
4.596 |
1.986 |
|
|
|
Tax on Dividend |
0.929 |
0.781 |
0.337 |
|
|
BALANCE CARRIED
TO THE B/S |
|
|
11.709 |
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|
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
0.000 |
58.711 |
|
|
TOTAL EARNINGS |
NA |
0.000 |
58.711 |
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IMPORTS |
|
|
|
|
|
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Raw Materials |
NA |
288.098 |
114.561 |
|
|
TOTAL IMPORTS |
NA |
288.098 |
114.561 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
82.78 |
473.75 |
157.03 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
1950.000 |
Expected Sales (2012-13) : Rs.Rs.2300.000 Millions
The above information has been parted by Mr. Amit Vyas
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
2.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.82
|
14.35
|
12.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.43
|
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.61
|
1.95
|
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.76
|
2.95
|
4.73 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
DETAILS
OF SUNDRY CREDITORS
Rs,
In Millions
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Creditors due small micro enterprises |
2.814 |
0.076 |
0.961 |
|
Creditors due others |
58.560 |
98.426 |
20.083 |
|
Total |
61.374 |
98.502 |
21.044 |
Note:
The Registered office of the company has been shifted from 204/205,
TRADER REFERENCES
- Jindal
Standnless Private Limited
- Glensore
International - US
CONTINGENT
LIABILITIES:
Rs.
In Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Bank Guarantee |
2.757 |
32.842 |
|
Unexpired Letter of Credit –ILC |
7.004 |
51.126 |
|
Unexpired Letter of Credit – FLC (USD 78000) |
3.479 |
0.000 |
|
Disputed Income Tax is contested by the company |
16.139 |
9.662 |
|
Bills Discounted |
19.452 |
10.704 |
|
Total |
48.831 |
104.334 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number (CIN) Foreign company registration number |
U27100DN1998PTC000257 |
|
Name of the
Company |
TEAM FERRO ALLOYS PRIVATE LIMITED |
|
Address |
Survey No. 357/2/2/1 and 357/2/3/2, E-mail id : admin@teamferro.com |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10260657 |
|
Type of Charge |
Immovable
Property |
|
Particulars of
the charge holder |
State Bank of E-mail Id :
sbi.60144@sbi.co.in
|
|
Nature or
description of the instrument(s) creating or modifying the charge |
Memorandum
relating to deposit of Title Deeds for creation of further charge for term
loan overall limit where the initial charge is created by way of mortgage by
deposit of Title Deeds. |
|
Date of the instrument
creating or modifying the charge |
18.01.2011 |
|
Amount secured by
the charge |
Rs.732.100
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interests: Cash Credit (WC) :
4.25% above Base rate (11.85%) Term Loan: 4.50%
above Base rate (12.10%). Terms of repayments: Working Capital :
Repayable on demand. New Term
loan : As per original schedule. Margin: Cash Credit : Raw material : 25% Stock in
process : 25% Finished
Goods : 25% Stores and
Spares : 25% Book Debts (DCC)
: 35% (cover period 90 days) EPC (FOB
velue) :10% FBD :10% Letter of
Credit : 10% Bank
Guarantee : 10% Extent and operation of the charge: The Charge shall
operate as security by way of Extension of Equitable Mortgage of Industrial
Land and Others: As mentioned in
the Memorandums relating to deposit of title deeds attached herewith. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
|
|
Date of
instrument modifying the charge |
07.06.2010 |
|
Particulars of
the present modification |
By this modification
total credit facilities stands enhanced from Rs.559.600 Millions to
Rs.732.100 Millions and such enhanced credit facilities are secured by
extension of equitable mortgage of immovable properties |
FIXED ASSETS:
- Land
- Building
- Plant and
Machinery
- Computer
- Laboratory
Equipment
- Vehicles
- Furniture and
Fixture
- Office
Equipment
- Electrification
- Goodwill
WEBSITE DETAILS
COMPANY PROFILE
Subject was incorporated on 28th January 1998 as a Private
Limited Company having its registered office at Survey no. 357/2/2/1 and
357/2/2/3,
The company is engaged in the manufacturing of Noble Ferro Alloys, Bulk Ferro
Alloys, Cored Wire and Power Generation at various locations. The details of
manufacturing units of the company are as under.
TEAM is market leader in Nobel Ferro Alloy in
LOCATIONS PRODUCT
MANUFACTURING
Dadra - UT of D and N H Cored Wire
Sarigam -
Butibori - Nagpur-Maharashtra Noble Ferro Alloys
Gunded -
Gondia -
Gondia - Maharashtra Biomass based Power Generation Plant
HISTORY
The year was 1996. It was the beginning of There
industry in the name Boon Metal and Alloys Corporation, with an aim to
manufacture Low Carbon and Medium Carbon Ferro Manganese at a small
place called Sarigam near Vapi in Gujarat (Western part of
Boon has become TEAM and the humble thinking of ferroalloys
manufacturing has not only succeeded but has expanded to the level that it can
offer complete alloying solutions to steel industry by way of not only
specialized ferroalloys but specialty in the form of Cored Wires and Wire
feeding equipments.
- 2007 – Team took over Bulk Ferro Alloys plant where alloys like HCSiMn and HCFeMn is being produced.
- 2010 - Team took over Bulk Ferro Alloys and Biomass power generation plant.
NEWS AND EVENTS
- The country is likely to achieve a Steel production capacity of nearly 124 million tonnes by the year 2015. 194 Memorandum of Understanding (MoUs) have been signed in various States.
At present, total (crude) steelmaking capacity is over 34 million tonnes and
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.56.29 |
|
|
1 |
Rs.88.26 |
|
Euro |
1 |
Rs.70.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
6 |
|
--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 |
|
49 |
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.