MIRA
INFORM REPORT
|
Report Date : |
09.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
WADHWA POLYFILMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
240, New Cloth Market, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
31.07.1986 |
|
|
|
|
Com. Reg. No.: |
04-008839 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.470
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209GJ1986PTC008839 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMW00060E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Plastic Bags and Rolls. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 24000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having moderate track. The financial
details for the current year is missing from government department. However,
from the previous year record company appears to be having satisfactory track
records. Trade relations are reported to be fair. Business is active. Payments
are reported to be unknown. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village farming,
modern agriculture, handicrafts, a wide range of modern industries, and a
multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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. Sukhbir Singh Wadhwa |
|
Designation : |
Director |
|
Contact No.: |
91-9825125198 |
|
Date : |
08.11.2012 |
LOCATIONS
|
Registered Office : |
240, New Cloth Market, Raipur, Ahmedabad – 380002, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9825125198 [Mr. Sukhbir Singh Wadhwa] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
C – 1B/ 1204, GIDC, Phase – 4, Naroda, Ahmedabad – 382330, Gujarat,
India |
|
Tel. No.: |
91-79-22840587/ 22820753/ 26857406 (R) |
|
Fax No.: |
91-79-22820753 |
|
|
|
|
Branch Office : |
C-1/ 1122, B/h Gaytri Temple, G.I.D.C., Phase- 4, Naroda, Ahmedabad -
382330, Gujarat, India |
|
Tel. No.: |
91-79-26857406 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Sukhbir Singh Jiwan Singh Wadhwa |
|
Designation : |
Director |
|
Address : |
C – 3/ 73, Goyal Intercity, Opposite T.V. Tower, Thaltej, Ahmedabad –
380054, Gujarat, India |
|
Date of Birth/Age : |
29.04.1955 |
|
Date of Appointment : |
31.07.1986 |
|
DIN No.: |
01950092 |
|
|
|
|
Name : |
Mr. Sooman Kaur Wadhwa |
|
Designation : |
Director |
|
Address : |
C – 3/ 73, Goyal Intercity, Opposite T.V. Tower, Thaltej, Ahmedabad –
380054, Gujarat, India |
|
Date of Birth/Age : |
24.05.1958 |
|
Date of Appointment : |
01.04.1993 |
|
DIN No.: |
02507382 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sharanbirsingh J. Wadhwa |
|
500 |
|
Sukhbirsingh J. Wadhwa |
|
7,000 |
|
Jiwansingh Wadhwa |
|
1,000 |
|
Wadhwa Polymers, India |
|
1 |
|
Sukhbirsingh Wadhwa Trustee of Jiwansingh Grand Children Trust |
|
1,000 |
|
Soomankaur Wadhwa |
|
4,000 |
|
Inderpreetsingh Wadhwa |
|
700 |
|
Brijmohan S Wadhwa |
|
350 |
|
Eyandeep Kaur I. Wadhwa |
|
150 |
|
Total |
|
14,701 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Plastic Bags and Rolls. |
|
|
|
|
Products : |
Ř
Plastic Bags and Rolls Ř
T-Shirt Bags Ř
Shopping Bags Ř
HM-HDPE Ř
LD-LLDPE Shopping Bags Ř
LDPE Garbage Bags Ř
Multi Layer Lamination
Films Ř
Mono Layer Lamination
Films Ř
Perforated Bags On
Rolls Ř
HDPE T-Shirts Bags Ř
Warning Tape Ř
Lay tape Ř
Zig tape Ř
Pro tape and Poly Bag Ř Industrial Liners |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Plastic Bags and Rolls |
M.T. |
N.A. |
Not
Ascertainable |
451.161 |
|
Waste |
M.T. |
N.A. |
Not
Ascertainable |
19.297 |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Ř Punjab National
Bank, Maskati Market Branch, Ahmedabad – 380001, Gujarat, India Ř ICICI Bank
Limited |
||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
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||||||||||||||||||||||||||||||||||||||||||
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|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Agrawal and Mandowara Chartered Accountants |
|
Address : |
709, Hemkoot Complex, Opposite Nehru Bridge, Ashram Road, Ahmedabad –
380009, Gujarat, India |
|
Tel. No.: |
91-79-26580906 / 07 |
|
Fax No.: |
91-79-26580906 / 07 |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFA3608D |
|
|
|
|
Enterprises in which Key management Personnel have significant
influences : |
Ř Wadhwa
Technoplast Ř Wadhwa
Industries Ř Wadhwa Polymers Ř S.J. Microplast
Private Limited Ř Technofilms Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,000 |
Equity Shares |
Rs. 100/- each |
Rs. 1.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14,701 |
Equity Shares |
Rs. 100/- each |
Rs. 1.470
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 |
1.470 |
1.470 |
1.105 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.365 |
|
|
3] Reserves & Surplus |
4.541 |
1.831 |
1.482 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
6.011 |
3.301 |
2.952 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.544 |
9.837 |
7.324 |
|
|
2] Unsecured Loans |
5.273 |
3.090 |
3.730 |
|
|
TOTAL BORROWING |
14.817 |
12.927 |
11.054 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.005 |
|
|
|
|
|
|
|
|
TOTAL |
20.828 |
16.228 |
14.011 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.327 |
6.504 |
6.240 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.001 |
0.001 |
0.001 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2.193
|
1.438 |
1.183 |
|
|
Sundry Debtors |
5.439
|
5.453 |
4.459 |
|
|
Cash & Bank Balances |
1.370
|
0.076 |
0.157 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
4.801
|
3.838 |
3.780 |
|
Total
Current Assets |
13.803
|
10.805 |
9.579 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.340
|
0.731 |
1.537 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.005 |
|
|
Provisions |
0.963
|
0.351 |
0.267 |
|
Total
Current Liabilities |
4.303
|
1.082 |
1.809 |
|
|
Net Current Assets |
9.500
|
9.723 |
7.770 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
20.828 |
16.228 |
14.011 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
48.349 |
31.556 |
23.257 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
42.401 |
28.382 |
22.530 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5.948 |
3.174 |
(Including
Financial Expenses) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.244 |
1.708 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.704 |
1.466 |
0.727 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.206 |
0.945 |
0.535 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.498 |
0.521 |
0.192 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.739 |
0.156 |
0.072 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.759 |
0.365 |
0.120 |
|
|
|
|
|
|
|
|
|
Less |
EXCESS PROVISION
OF TAX OF EARLIER YEARS |
0.049 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.701 |
0.336 |
0.216 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.411 |
0.701 |
0.336 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
187.71 |
32.53 |
10.84 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.71 |
1.16 |
0.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.92 |
3.01 |
1.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.58 |
0.16 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.18 |
4.24 |
4.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
45.55 |
9.99 |
5.30 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
Creditors for Goods |
2.685 |
0.422 |
1.171 |
|
Creditors for Expenses |
0.655 |
0.309 |
0.366 |
|
Total |
3.340 |
0.731 |
1.537 |
|
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NATURE OF
OPERATION:
The principal activity of the company is manufacturing of Plastic Bags
and Rolls.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U25209GJ1986PTC008839 |
|
Name of the
company |
WADHWA POLYFILMS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
240, New Cloth Market, Raipur, Ahmedabad – 380002, Gujarat, India Email: naveenrmandovara@yahoo.co.in |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10257561 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Punjab National Bank, Maskati Market Branch, Ahmedabad – 380002,
Gujarat, India Email: bo0005@pnb.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
mortgage deed (without possession) |
|
Date of
instrument Creating the charge |
12.05.2011 |
|
Amount secured by
the charge |
Rs. 14.200
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest BR+4.50% i.e.
14.50% per annum subject to changeable from time to time. Terms of Repayment C.C.:-Repayable
on demand. Term Loan: In 84
monthly installments of Rs. 0.050 Million plus interest, starting from 6
month after the disbursement of the amount. Margin 25% for CC (H)
and 50% for CC (Book
Debts) Extent and Operation of the charge The charge shall
operate as security by way of Extension of Equitable Mortgage of Leasehold
property being Industrial Plot/Shed of the Company to secure the total credit
facilities of Rs. 14.200 Millions granted by the Punjab National Bank. |
|
Short particulars
of the property charged |
All those pieces
and parcels of Leasehold property being Industrial Plot/Shed No. C-1/B-1204,
Plot area admeasuring about 703.95 sq. mtrs. Type C1B, with construction
standing thereon, situated at
GIDC, Naroda Industrial Estate, Revenue Survey No. 280, within Village Limit
of Muthia, Taluka Daskroi, District Ahmedabad. |
|
Date of latest
modification prior to the present modification |
01.01.2011 |
|
Particulars of
the present modification |
By this
modification Cash Credit facilities granted to the company stands increased
from Rs. 6.000 Millions to Rs. 10.000 Millions and thereby total credit facilities
granted by the bank stands to Rs. 14.200 Millions. |
FIXED ASSETS:
Ř
Land
Ř
Factory Building
Ř
Plant and Machinery
Ř
Furniture and Fixture
Ř
Air Conditioner
Ř
Computer and Printer
Ř
Scooter
Ř
Car
Ř
Electrical Appliances
Ř
Office Equipments
Ř
Delivery Vehicle
Ř
Television
Ř
Mobile
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. 54.44 |
|
|
1 |
Rs. 87.00 |
|
Euro |
1 |
Rs. 69.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.