MIRA
INFORM REPORT
|
Report Date : |
01.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
PON PURE CHEM PRIVATE LIMITED (w.e.f. 26.06.2008) |
|
|
|
|
Formerly Known
As : |
PURE CHEMICALS AND SOLVENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.77, |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
24.07.1998 |
|
|
|
|
Com. Reg. No.: |
18-040872 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.36.752 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24111TN1998PTC040872 |
|
|
|
|
TIN No.: |
33241061285 |
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|
|
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CST No.: |
774396 / 19.09.2001 |
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|
|
PAN No.: |
AACCP3026E |
|
Legal Form : |
Private Limited Liability Company |
|
|
|
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Line of Business
: |
Trading in various kinds of chemicals. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Usually Correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track. It has
achieved an increase in its sales turnover during 2011. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BBB- (Fund Based Limit) |
|
Rating Explanation |
The moderate credit quality it carry higher
than average credit risk. |
|
Date |
February 2011 |
|
Rating Agency Name |
ICRA |
|
Rating |
A3 (Non Fund Based Limit) |
|
Rating Explanation |
The moderate credit quality it carry higher
credit risk. |
|
Date |
February 2011 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Rajraman |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-44-26161803 |
LOCATIONS
|
Registered Office : |
No.77, |
|
Tel. No.: |
91-44-26161812 |
|
Fax No.: |
91-44-26161813 |
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E-Mail : |
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|
Website : |
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|
Administrative Office : |
No. 32, H Block, 15th |
|
Tel. No.: |
91-44-26161803 / 26161811 (9 lines) |
|
Fax No.: |
91-44-26161813 /14 |
|
E-Mail : |
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|
|
|
Branch Office : |
Located at: ·
Chandigarh ·
Delhi ·
Kandla ·
Ahmedabad ·
Nagpur ·
Mumbai ·
Pune ·
Hyderabad ·
Bangalore ·
Kochi ·
Tamilnadu ·
Vizag ·
Kolkata |
|
|
|
|
Overseas Office : |
Located at: · Australia · Singapore · Sri Lanka · Dubai · Kenya |
|
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|
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Ponnuswami Muthuswamy |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
AA23, 3rd Street, Anna Nagar, Chennai-600040, Tamilnadu,
India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.03.1953 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.Sc. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.07.1998 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00015847 |
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Other Directorship:
|
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|
Name : |
Mr. Manaoranjitham Nallayagounder Kaliannan |
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|
Designation : |
Director |
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|
Address : |
AA23, |
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|
Date of Birth/Age : |
15.06.1961 |
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|
Date of Appointment : |
24.07.1998 |
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|
DIN No.: |
00016775 |
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|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Surya Prakas Muthuswamy Ponnuswami |
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|
Designation : |
Whole Time Director |
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|
Address : |
AA23, |
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|
Date of Birth/Age : |
21.12.1980 |
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Date of Appointment : |
30.07.2008 |
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PAN No.: |
AAMPS7679E |
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|
DIN No.: |
00017891 |
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Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Lakshmipathy Muthuswamy Ponnuswami |
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|
Designation : |
Whole Time Director |
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|
Address : |
AA23, |
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|
Date of Birth/Age : |
25.09.1982 |
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Date of Appointment : |
30.07.2008 |
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PAN No.: |
AAACL8212B |
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DIN No.: |
00021951 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Khusboo Singhvi |
|
Designation : |
Secretary |
|
Address : |
Old No. 30, New No. 6, Govindappa Naicken Street, 3rd
Floor, Girnar Apartments, Chennai-600001, Tamil Nadu, India |
|
Date of Birth/Age : |
24.09.1985 |
|
Date of Appointment : |
01.06.2010 |
|
PAN No.: |
CMRPS2646R |
|
|
|
|
Name : |
Mr. Rajraman |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Muthuswamy Ponnuswami Palaniappan |
|
543937 |
|
Manaoranjitham Nallayagounder Kaliannan |
|
45075 |
|
P. Suryaprakas |
|
16700 |
|
P. Lakshmipathy |
|
16700 |
|
Muthuswamy Ponnuswami Palaniappan HUF |
|
45110 |
|
S Nithyasree |
|
2 |
|
|
|
|
|
Total |
|
667524 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in various kinds of Chemicals. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
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Bankers : |
·
Standard Chartered Bank, 19, Rajaji Salai,
Chennai-600001, Tamilnadu, India ·
IDBI Bank Limited, 115, Anna Salai, Chennai-
600015, Tamilnadu,
India ·
Axis Bank Limited, Corporate Banking Branch, Ground
Floor, Karumuthu Nilayam, No.192, Anna Salai, Chennai-600002, Tamilnadu,
India ·
The Karnataka Bank Limited, Kodambakkam Branch,
Kodambakkam, Chennai - 600024, Tamilnadu, India ·
ICICI Bank Limited, Land Mark Race Cource Circle,
Alkapuri, Baroda - 390015, Gujarat, India ·
Bank of Baroda, International Business Branch,
Justice Basheer Ahmed Building,45 Moore Street, Chennai - 600001, Tamil Nadu,
India ·
State Bank of India, Overseas Branch,
No.86.Rajaji Salai, Chennai - 600001, Tamilnadu, India ·
Ing Vysya Bank Limited, 185 Anna Salai, Near TVS,
Chennai - 600006, Tamilnadu, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Suri and Company Chartered Accountant |
|
Address : |
No.4 (Old No.55 A), |
|
PAN No.: |
AABFS5023Q |
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|
|
|
Subsidiaries : |
·
Pon Pure Chemm (FZE), |
|
|
|
|
Enterprises in which Key Management Personnel and
their Relatives have significant influence : |
·
Color Chemicals and Dyes (Private) Limited CIN
No.: U24114TN1998PTC040871 ·
Color Chemicals ·
CIN
No.: U17111TZ2006PTC016883 ·
Pure Chemicals Company ·
Pure Organic Industries ·
Southern Logistics (Private) Limited CIN
No.: U63090TN2005PTC056468 |
CAPITAL STRUCTURE
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.100/- each |
Rs.70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
667524 |
Equity Shares |
Rs.100/-
each |
Rs.66.752
Millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.100/- each |
Rs.70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
367524 |
Equity Shares |
Rs.100/-
each |
Rs.36.752
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 |
36.752 |
36.752 |
36.752 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
773.521 |
549.368 |
372.187 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
810.273 |
586.120 |
408.939 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2093.816 |
969.325 |
544.698 |
|
|
2] Unsecured Loans |
21.400 |
21.400 |
21.400 |
|
|
TOTAL BORROWING |
2115.216 |
990.725 |
566.098 |
|
|
DEFERRED TAX LIABILITIES |
13.274 |
8.841 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2938.763 |
1585.686 |
975.037 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
474.848 |
344.712 |
345.297 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
22.680 |
22.680 |
10.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
17.180 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1227.447
|
823.811
|
228.445 |
|
|
Sundry Debtors |
2183.213
|
1110.940
|
601.083 |
|
|
Cash & Bank Balances |
208.926
|
151.942
|
108.330 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
96.754
|
52.861
|
45.733 |
|
Total
Current Assets |
3716.340
|
2139.554 |
983.591 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1261.661
|
910.766
|
375.638 |
|
|
Other Current Liabilities |
9.142
|
7.974
|
5.214 |
|
|
Provisions |
4.302
|
2.520
|
0.179 |
|
Total
Current Liabilities |
1275.105
|
921.260 |
381.031 |
|
|
Net Current Assets |
2441.235
|
1218.294
|
602.560 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2938.763 |
1585.686 |
975.037 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
TURNOVER |
10338.060 |
5760.302 |
4083.950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Office Expenses |
NA |
5488.601 |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
5488.601 |
NA |
|
|
|
NA |
|
|
|
|
|
PROFIT BEFORE
TAX |
|
271.701 |
17.515 |
|
|
|
|
|
|
|
|
|
|
TAX |
|
94.520 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
224.153 |
177.181 |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
592.334 |
222.486 |
97.556 |
|
|
TOTAL EARNINGS |
592.334 |
222.486 |
97.556 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
6713.516 |
2964.584 |
1580.479 |
|
|
TOTAL IMPORTS |
6713.516 |
2946.584 |
1580.479 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
610.00 |
482.00 |
(155.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
4.72
|
0.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
10.94
|
1.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.46
|
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.18
|
3.26
|
2.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.91
|
2.32
|
2.58 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
STATE OF AFFAIRS:
The Company was
able to achieve very creditable results for the year. The turnover leaped from Rs.
5760.300 millions for the year 2009-10 to Rs. 10,338.060 millions for the year
2010-11, resulting in a growth of 79.47 % with an operating profit growth of
24.5% for the year 2010-11over the year 2009-10.
SUBSIDIARY COMPANIES:
“Pon Pure Chemm
FZE ” wholly owned subsidiary was incorporated on 18th October 2009 in
The Company has
also incorporated another wholly owned subsidiary namely “Pure Chemicals Pte.
Limited” in
CONTINGENT
LIABILITIES
|
Particulars |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
On Account of Corporate Guarantee issued |
189.800 |
189.800 |
|
On account of Letter of Credits Discounted |
52.600 |
31.800 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U24111TN1998PTC040872 |
|
Name of the
company |
PON PURE CHEM
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
No.77, Perambur High Road, Perambur, Chennai - 600012, Tamilnadu,
India E-mail: compsec@pure-chemical.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10149738 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
The Karnataka Bank Limited, Kodambakkam Branch, Kodambakkam, Chennai -
600024, Tamilnadu, India E-mail: mad.kodambakkam@ktkbank.com |
|
Nature of
instrument creating charge |
Letter of
Authority dated 28.09.2012. |
|
Date of
instrument Creating the charge |
28.09.2012 |
|
Amount secured by
the charge |
Rs.120.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Overdraft:BR+3.25%
presently 14.25% p.a,FCDL-LIBOR+500 basis pts(to be reset once in 6
months),Bank guarantee/Inland Import LC(DP/DA)-1.50% commission in case of
Inland LC/BG and normal rate for import LC Terms of
Repayment Working Capital:
On Demand Margin Overdraft/FCDL:
25% against stock and book debts of below 120 days. BG/Inland Import
LC (DA/DP):10% cash margin. Extent and
Operation of the charge Covenant by the
Company to secure the credit facilities limit of Rs.120.000 Lakhs granted to
Pure Chemicals Company granted by Karnataka Bank Limited, Kodambakkam Branch,
Chennai-600024 by its vacant land measuring 82 cents bearing survey
no.760/1A, Madhavaram Village, Chennai-600110. Others Facilities Rs. In
Millions Renewal of
overdraft
110.000 Renewal of
BG/Inland Import LC(DP/DA)
10.000 Total
120.000 |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All the piece and
parcel of vacant land measuring 82 cents bearing survey no.760/1A, Madhavaram
Village, Chennai-600110 belonging to Pon Pure Chem Private Limited |
|
Particulars of
the present modification |
By the present
modification, the overall limit has been enhanced from Rs.50.000 Millions to
Rs.120.000 Millions. Other existing
securities remains same. |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
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 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.54.12 |
|
|
1 |
Rs.87.08 |
|
Euro |
1 |
Rs.70.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
47 |
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.