Business
information report
1. Summary Information
|
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Country |
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Company Name |
AMEET POLYFILMS PRIVATE LIMITED |
Principal Name 1 |
Mr. Kautik Motiram Ahire |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Rohini Kautik Ahire |
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|
|
Registration # |
11-050482 |
|
Street Address |
G-23, MIDC, Satpur Industrial Estate, Satpur, |
||
|
Established Date |
27.01.1989 |
SIC Code |
-- |
|
Telephone# |
91-253-2350618 /
2351142 / 2364229 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-253-2350618 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Packaging Products |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 4,472,000/- |
Product Name 3 |
-- |
|
Shareholders |
Other (100%) |
Banking |
Bank of |
|
Public Limited Corp. |
No |
Business Period |
23 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
|
Shivanand Industries |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
51,468,000 |
Current Liabilities |
11,508,000 |
|
Inventories |
12,129,000 |
Long-term Liabilities |
47,195,000 |
|
Fixed Assets |
13,386,000 |
Other Liabilities |
5,159,000 |
|
Deferred Assets |
000 |
Total Liabilities |
63,862,000 |
|
Invest& other Assets |
1,119,000 |
Retained Earnings |
8,994,000 |
|
|
|
Net Worth |
14,240,000 |
|
Total Assets |
78,102,000 |
Total Liab. & Equity |
78,102,000 |
|
Total Assets (Previous Year) |
90,089,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales (Including Other Income) |
70,710,000 |
Net Profit |
NA |
|
Sales(Previous year) (Including Other Income) |
78,046,000 |
Net Profit(Prev.yr) |
2,704,000 |
MIRA
INFORM REPORT
|
Report Date : |
29.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
AMEET POLYFILMS PRIVATE LIMITED |
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Registered
Office : |
G-23, MIDC, Satpur Industrial Estate, Satpur, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of Incorporation
: |
27.01.1989 |
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Com. Reg. No.: |
11-050482 |
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Capital
Investment / Paid-up Capital : |
Rs. 4.472 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH1989PTC050482 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
NSKA04084D |
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PAN No.: [Permanent Account No.] |
AAECA3122G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Packaging Products. |
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|
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 50000 |
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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 an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office / Factory : |
G-23, MIDC, Satpur Industrial Estate, Satpur, |
|
Tel. No.: |
91-253-2350618 / 2351142 / 2364229 |
|
Mobile No.: |
91-9921909991 (Mr. Nilesh Ahire) |
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Fax No.: |
91-253-2350618 / 2351488 |
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E-Mail : |
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Website : |
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Marketing Office : |
C/o. Shivanand Industries, Plot No. C-12/3, Nice Area, ‘A’ Road, MIDC,
Satpur, Nashik – 422007, |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Kautik Motiram Ahire |
|
Designation : |
Director |
|
Address : |
11, Vidyasagar Co. Hsg. So., Near Narsingh Nagar, Nashik – 422013 |
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Date of Birth/Age : |
01.06.1961 |
|
Date of Appointment : |
27.10.1999 |
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DIN No.: |
00099025 |
Other Directorship :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U27100MH1989PTC050482 |
AMEET POLYFILMS
PRIVATE LIMITED |
Director |
27-10-99 |
27-10-99 |
Active |
NO |
|
2 |
U27320MH2008PTC179716 |
AMEET METAPLAST
PRIVATE LIMITED |
Director |
05-03-08 |
05-03-08 |
Active |
NO |
|
Name : |
Mrs. Rohini Kautik Ahire |
|
Designation : |
Director |
|
Address : |
11, Vidyasagar Co. Hsg. So., Near Narsingh Nagar, Nashik – 422013 |
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Date of Birth/Age : |
22.01.1967 |
|
Date of Appointment : |
27.10.1999 |
|
DIN No.: |
00099001 |
Other Directorship :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U27100MH1989PTC050482 |
AMEET POLYFILMS
PRIVATE LIMITED |
Director |
27-10-99 |
27-10-99 |
Active |
NO |
|
2 |
U27320MH2008PTC179716 |
AMEET METAPLAST
PRIVATE LIMITED |
Director |
05-03-08 |
05-03-08 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Kautik Motiram Ahire |
|
39936 |
|
Rohini Kautik Ahire |
|
4785 |
|
Total
|
|
44721 |
AS ON 30.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Other |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Packaging Products. |
GENERAL INFORMATION
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Customers: |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Kayde and Associates Chartered Accountants |
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Address : |
Flat No. 3, Navkar Residency, Racca Colony,Sharanpur Road, Nasik -
422002, Maharashtra, India |
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PAN No.: |
AARPK6204D |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
Rs. 100/- each |
Rs. 6.000 Millions |
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|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
44721 |
Equity Shares |
Rs. 100/- each |
Rs. 4.472
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 |
|
|
|
|
|
1] Share Capital |
4.472 |
4.472 |
4.472 |
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2] Share Application Money |
0.774 |
0.774 |
0.774 |
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|
3] Reserves & Surplus |
8.994 |
6.469 |
4.600 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
14.240 |
11.715 |
9.846 |
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LOAN FUNDS |
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1] Secured Loans |
26.421 |
29.342 |
30.471 |
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2] Unsecured Loans |
20.774 |
21.815 |
15.849 |
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TOTAL BORROWING |
47.195 |
51.157 |
46.320 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
61.435 |
62.872 |
56.166 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
13.386 |
22.866 |
24.402 |
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Capital work-in-progress |
1.089 |
1.188 |
1.539 |
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INVESTMENT |
0.030 |
0.040 |
0.040 |
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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 |
12.129
|
9.187 |
11.294 |
|
|
Sundry Debtors |
26.935
|
27.609 |
23.746 |
|
|
Cash & Bank Balances |
0.708
|
1.136 |
1.669 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
|
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Loans & Advances |
23.825
|
28.032 |
17.449 |
|
Total
Current Assets |
63.597
|
65.964 |
54.158 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
11.358
|
12.119 |
9.536 |
|
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Other Current Liabilities |
0.150
|
12.195 |
12.629 |
|
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Provisions |
5.159
|
2..903 |
1.919 |
|
Total
Current Liabilities |
16.667
|
27.217 |
24.084 |
|
|
Net Current Assets |
46.930
|
38.747 |
30.074 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.031 |
0.111 |
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TOTAL |
61.435 |
62.872 |
56.166 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
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SALES |
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Income |
70.710 |
78.046 |
55.056 |
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Other Income |
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TOTAL |
70.710 |
78.046 |
55.056 |
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Less |
EXPENSES |
NA |
72.688 |
50.500 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
5.358 |
4.556 |
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|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
2.654 |
2.761 |
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PROFIT BEFORE
TAX |
NA |
2.704 |
1.795 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA |
NA |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA |
NA |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
3.04 |
2.28 |
|
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|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.23 |
0.18 |
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|
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|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
7.78
|
6.69 |
7.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.81
|
2.42 |
2.25 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
No |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
-------------- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
Yes |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
------------- |
|
Litigations that the firm/ Promoters Involved in |
----------- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
------------- |
|
Buyer visit details |
------------ |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
Form 8
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U27100MH1989PTC050482 |
|
Name of the
company |
AMEET POLYFILMS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
G-23, MIDC, Satpur Industrial Estate, Satpur, |
|
Type of charge |
Immovable property Any
interest in immovable property |
|
Particular of
charge holder |
Bank Of Baroda,
SSI Malegoan Branch, Udyog Bhavan Malegaon,
Tal Sinnar, Sinnar – 422103, Maharashtra, India Email: bob3939@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
entry |
|
Date of
instrument Creating the charge |
16.11.2007 |
|
Amount secured by
the charge |
Rs. 34.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit :
@BPLR i.e. 13.25% p.a. at present with monthly rest Bank guarantee (
Inland ) : as per banks norms Term Loan I : @
BPLR i.e. 13.25% p.a. with monthly rest Term loan II : @
BPLR i.e. 13.25% p.a. with monthly rest this is an equitable
mortgage Terms of Repayment as per agreement Margin cash credit : 25% Bank Guarantee :
25% on cash FDR Term Loan I : 25% Term Loan II:
27.56% this is an
equitable mortgage Extent and Operation of the charge Term loan : 2.000
Millions (takeover) term Loan : 7.000
Millions : fresh Cash Credit :
23.500 Millions Bank Guarantee
Inland : 1.500 Millions TOTAL : 34.000
Millions |
|
Short particulars
of the property charged |
All piece and
parcel of G-14, G-23, MIDC, Satpur, Nashik within village limits of Satpur,
Dist Nashik in the name of the company and piece and parcel of land at plot
No. 4 Kamatwade, nashik and plot no. 3 Pathardi Nashik owned by Mr. Kautik
Ahire and Shop No. 4 Opp. Akaswani tower Gangapur road, nashik in the name of
Mrs. Rohini Ahire and also as stated in the agreement. |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. If yes, in whose
name it is registers |
Some property in name
of company and some in name of Mr. Kautik Ahire Mrs. Rohini Ahire |
FIXED ASSETS:
- Land
- Lift
- Plant and Machinery
- Tools and Equipments
- Electrical Installations
- Furniture and Fixtures
- Computer
- EPBAX Systems
- Office Equipments
- Typewriter
- Vehicle
- Skoda Car
- Mahindra Pick up Scooter
AS PER WEB DETAILS
PROFILE
Subject is established
with the specific purpose of developing special purpose PC HEAT SHRINK SLEEVE (film).
It has been able to make substantial break through in the technology required
for the manufacture of these PVC HS SLEEVE, and has productionised many of the
techniques for the same. Subject is a company dedicated to the development and
manufacture of world class PVC Shrink film.
Ameet's products are
a result of continuous research and development with state of the art
manufacturing facilities under the direct supervision of Technical Director.
Subject manufacturing technology results in high reliability, performance and
cost effective with a team of dedicated technical personnel.
The production and technical team have a wealth of experience in all
aspects of design, material selection, manufacturing, testing, quality
assurance and other commercial aspects of the concern.
They are in process
of expanding and modernizing our production as well as quality control
facilities to bring it in line with the international standards. They have a
moment of great pleasure in presenting this profile and they are grateful to
all those who have given their valuable support and commitment in making our
company the best.
Quality Objective
:
They will achieve
the objective by the collective efforts of entire workforce of the company.
Maintain consistency
in the process quality.
Improve
productivity, reduce rejection levels and wastage.
Deliver goods to the
customer in time
Ensure customer's
satisfaction.
Quality checks
and process flow :
Raw Material Stage
Work In Progress
(Manufacturing Activity)
Finished Goods
Incoming Raw
Material are tested for critical parameters, they are then issued for
production wherein process checks at various stages are conducted to ensure
that the process is under control. After the film (Sleeve) manufactured the
same are thoroughly tested for parameters like Lay Flat Width, Thickness,
Shrinkage Ratio length/width wise, Insulation Resistance, Heat Resistance,
Withstanding Voltage, Break Down Voltage, After Which they are aesthetically
done up and labeled for the respective sizes packed and dispatched.
PRODUCT PROFILE :
There is a
substantial requirement of specialized PVC
HS SLEEVE to cater the requirements of Electrical and Electronic
Industry, Cosmetic and Pharmaceutical Industry, as well Pesticide Industries.
Subject has been able to
get its sleeve tested and accepted by a number of very discering and demanding
customer like BDA ltd, Indian oIl corporations, Bharat Petroleum, Hindustan
Petrolum, Pestiside India, piclilile, glaxo, Glenmark, EWGC Alloys, Karnataka
Soups and Detergents, Hindustan Coca - cola and many others.
The sleeves supplied
by Subject are being used for
insulation purpose, moisture and temper proof. In, most cases the sleeves are
designed to meet specific customer requirements.
Ameet sleeve
satisfies standards as per the ISO and also have been approved by ERTL, Mumbai.
The use proprietary designs and formulation systems coupled with continuous
innovation, R and D efforts, Quality Improvement and cost reduction have
enabled Subject to crave out a
strong position for itself in the market.
Subject has developed it's
process and manufacturing technology in house. PVC heat shrink sleeve by Subject to provide long term benefits
such as compatibility of longer life.
Subject is growing at a
rapid pace due to it's strong customer commitment and years of R and D efforts.
The corporate objective of the company is to be a large volume producer of high
quality heat shrink sleeve (film) which meet international standards.
Special Purpose
Sleeve (Film) :
Capacitors
Bus – Bar
Refrigerators
Dry Cell Batteries
General Packaging
Label GradeCap Seal
FUTURE PLANS :
Subject is engaged in a
programme of modernising and upgrading it's machinery and instruments as well
as increasing it's capacity to merge as a low cost, reliable producer of
quality PVC heat shrink sleeves.
On application of
any heating systems, Ameet sleeve shrinks within seconds. Temperature ranging
from 120oC could be applied depending upon the type of object to be
shrunk.
Salient Features
:
Excellent
Transparency
High Shrinking
Capacity
Resistant to
Moisture
Good Mechanical
Properties
Excellent Electrical
Insulation Properties
Excellent
Printability
Applications of
Ameet Sleeve :
Ameet sleeves open
up multiple opportunities for security, label and product design. Some possible
uses are as under : Tamper Evident Sleeves : Ameet Sleeve is ideal for
protecting goods against tampering.
Special Shapes :
Ameet Sleeve makes
it possible to shrink wrap the product with unusual shape. Bottles can be
shrunk from top to bottom. In this case the sleeve becomes a cohesive part of
the bottle and also restricts the spillage, if any.
Ameet Sleeves for
wrap around object :
Ameet sleees 360o
decoration to the pack is particularly used for cosmetics, foods and pharmaceuticals.
Multicolour reverse printing gives glossy look to the product and thus
increases brand appeal. Due to reverse printing, surface protection is ensured.
Promotional Pack
:
Ameet sleeve offers
variety of possibility of implementing sales promotional packs, free gifts,
multiple packs - effectively, economically and quickly.
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. 55.26 |
|
|
1 |
Rs. 86.80 |
|
Euro |
1 |
Rs. 69.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
ACH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as 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.