MIRA
INFORM REPORT
|
Report Date : |
23.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
KULODAY PLASTOMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
9, Aghadi Industrial Estate, 1st Floor, |
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Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
21.07.1995 |
|
|
|
|
Com. Reg. No.: |
11-090868 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.15.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202MH1995PTC090868 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK13397G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK6258R |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of Plastic Bags. |
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|
|
No. of Employees
: |
150 [Approximately] |
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 113000 |
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|
|
Status : |
Satisfactory |
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|
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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. 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.
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 2B |
|
Rating Explanation |
Financial strength appears to be moderate but performance capacity
seems to be high. |
|
Date |
December 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 PARTED BY [GENERAL DETAILS]
|
Name : |
Ms. Mamta |
|
Designation : |
Secretary of Director |
|
Contact No.: |
91-22-28366590 |
|
Date : |
22.11.2012 |
LOCATIONS
|
Registered Office : |
9, Aghadi Industrial Estate, 1st Floor, Subhash Road,
Jogeshwari (East), Mumbai-400067, Maharashtra, India |
|
Tel. No.: |
91-22-28836662 / 28200417 |
|
Fax No.: |
91-22-28366590 |
|
E-Mail : |
info@kpplindia.com |
|
Website : |
http://www.kpplindia.com |
|
Location : |
Owned |
|
|
|
|
Factory : |
644/29,Agarwal Industrial Estate, Somnath Road, Dhabel Village, Daman (UT)
– 396 210, Gujarat, India |
|
Tel. No.: |
91-260-2243005 |
|
Fax No.: |
91-260-2241005 |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Amolkumar Subodhkumar Chokhani |
|
Designation : |
Director |
|
Address : |
9, Aghadi
Industrial Estate, 1st Floor, Shubhash Road, Jogeshwari (East),
Mumbai – 400 060, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1968 |
|
Date of Appointment : |
01.08.2005 |
|
Din No.: |
01781686 |
|
|
|
|
Name : |
Mrs. Meenadevi Subodhkumar Chokhani |
|
Designation : |
Director |
|
Address : |
9, Aghadi
Industrial Estate, 1st Floor, Shubhash Road, Jogeshwari (East),
Mumbai – 400 060, Maharashtra, India |
|
Date of Birth/Age : |
19.11.1984 |
|
Date of Appointment : |
21.07.1995 |
|
Din No.: |
02821994 |
KEY EXECUTIVES
|
Name : |
Ms. Mamta |
|
Designation : |
Secretary of Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
S.P. Chokhani HUF |
|
40000 |
|
Meenadevi Subodhkumar Chokhani |
|
155000 |
|
Amolkumar Subodhkumar Chokhani |
|
1305000 |
|
|
|
|
|
TOTAL
|
|
1500000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plastic Bags. |
|
|
|
|
Products : |
·
T-Shirt Bags ·
Garbage Bags/ Refuse Sacks ·
Bin Liners ·
Rubble Sack ·
Shopping Bags ·
Industrial Liners ·
LDPE Sheets ·
HDPE Woven Sack Tarpaulin |
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Exports : |
|
|
Products : |
Plastic Bags |
|
Countries : |
UK |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
150 [Approximately] |
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Bankers : |
Bank of India, Malad (West) Branch, Opposite Nataraj Market, Swami
Vivekanand Road, Malad (West), Mumbai-400064, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Banka and Banka Chartered Accountants |
|
Address : |
3rd Floor, Shah Trade Centre, Rani Sati Marg, Off Western
Express Highway, Malad (East), Mumbai-400097, Maharashtra, India |
|
Tel. No.: |
91-22-40984545 |
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E-Mail : |
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|
Website: |
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PAN No: |
AAAFB1145R |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.10/- each
|
Rs.15.000
Millions |
NOTE:
|
Particular |
As on 31.03.2012 |
|
|
|
No. of Shares |
Rs. in Millions |
|
Balance as at the beginning of the year |
250000 |
2.500 |
|
Add: Shares issued during the year |
500000 |
5.000 |
|
Add: Bonus Share Issue during The Year |
750000 |
7.500 |
|
Balance as at the
end of the year |
1500000 |
15.000 |
TERMS
/ RIGHTS ATTACHED TO EQUITY SHARES
1.
The Company has only one class of shares referred
to as equity shares having par value of Rs. 10. Each holder of Equity shares is
entitled to one vote per share.
2.
The Company declares and pays dividend in Indian
rupees. The dividend proposed by the board of Directors is subject to approval
of the shareholders in the ensuing Annual general meeting.
3.
During the Year ended 31.03.2012 the amount of
dividend recognized as distributions to equity shareholders was Rs. Nil (31st
March 2011- Rs. Nil).
4.
In the event of liquidation of the company, the
holders of equity shares will be entitled to receive remaining assets of the
company, after distribution of all preferential amounts. The distribution will
be in proportion to the number of equity shares held by the shares 571660.29
DETAILS OF SHARES HELD BY SHAREHOLDERS HOLDING MORE THAN 5% OF THE
AGGREGATE SHARES OF THE COMPANY
|
Particular |
As on 31.03.2012 |
||
|
Equity Shares |
No. of Shares |
Rs. in Millions |
As % of Total
Number of Equity Shares |
|
Amol Chokhani |
1305000 |
13.050 |
87.00 % |
|
Meena Chokhani |
155000 |
1.550 |
10.33 % |
|
Subodhumar P Chokhani |
20000 |
0.200 |
2.67 % |
AGGREGATE NUMBER OF BONUS SHARES ISSUED, SHARE
ISSUED FOR CONSIDERATION OTHER THAN CASH AND SHARES BOUGHT BACK DURING THE
PERIOD OF FIVE YEARS IMMEDIATELY PRECEDING THE REPORTING DATE
|
Particular |
As on 31.03.2012 |
|
|
No. of Shares |
|
Equity shares allotted as fully paid bonus shares by capitalization of
Securities premium and Free Reserves |
750000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
15.000 |
2.800 |
1.298 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.458 |
17.817 |
16.284 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
28.458 |
20.617 |
17.582 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
63.327 |
45.331 |
28.459 |
|
|
2] Unsecured Loans |
17.107 |
12.748 |
15.017 |
|
|
TOTAL BORROWING |
80.434 |
58.079 |
43.476 |
|
|
DEFERRED TAX LIABILITIES |
3.013 |
2.224 |
1.531 |
|
|
|
|
|
|
|
|
TOTAL |
111.905 |
80.920 |
62.589 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
31.048 |
28.179 |
23.312 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.292 |
0.292 |
0.292 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
68.908
|
41.431 |
39.791
|
|
|
Sundry Debtors |
28.797
|
22.325 |
11.176
|
|
|
Cash & Bank Balances |
0.572
|
1.696 |
4.462
|
|
|
Other Current Assets |
6.564
|
3.535 |
0.000
|
|
|
Loans & Advances |
11.093
|
6.707 |
1.409
|
|
Total
Current Assets |
115.934
|
75.694 |
56.838 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
33.662
|
21.573 |
16.712
|
|
|
Other Current Liabilities |
0.839
|
1.245 |
0.850
|
|
|
Provisions |
0.868
|
0.427 |
0.304
|
|
Total
Current Liabilities |
35.369
|
23.245 |
17.866 |
|
|
Net Current Assets |
80.565
|
52.449 |
38.972
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.013 |
|
|
|
|
|
|
|
|
TOTAL |
111.905 |
80.920 |
62.589 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
205.143 |
117.966 |
77.254 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
191.043 |
108.163 |
70.923 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
191.043 |
108.163 |
70.923 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
14.100 |
9.803 |
6.331 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.743 |
4.725 |
3.539 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.357 |
5.078 |
2.792 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.787 |
1.371 |
0.932 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
4.570 |
3.707 |
1.860 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.429 |
0.714 |
0.592 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
3.141 |
2.993 |
1.268 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
158.490 |
78.640 |
45.705 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.09 |
14.13 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.53
|
2.54 |
1.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.11
|
3.57 |
2.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.17 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.07
|
3.94 |
3.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.27
|
3.25 |
3.18 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Sundry Creditors |
33.662
|
21.573 |
16.712
|
|
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10095872 |
|
Corporate
identity number of the company |
U25202MH1995PTC090868 |
|
Name of the
company |
KULODAY
PLASTOMERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
9, Aghadi Industrial Estate, 1st Floor, Subhash Road,
Jogeshwari (East), Mumbai-400067, Maharashtra, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Bank of India, Malad (West) Branch, Opposite Nataraj Market, Swami
Vivekanand Road, Malad (West), Mumbai-400064, Maharashtra, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Record of Oral
assent for Creation/Extension of Equitable Mortgage. |
|
Date of
instrument Creating the charge |
22.10.2012 |
|
Amount secured by
the charge |
Rs.174.200
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest/commission
at the rate/s as mentioned in the copy of record of oral assent attached or
at such other rate/s as may be notified by Bank from time to time. Terms of Repayment CC: On Demand,
TLs: by Stipulated Installments. Margin As may be
required by the Bank from time to time. Extent and Operation of the charge Security in
favour of Bank for due repayment by company to Bank at Mumbai of the said
aggregate facilities of Rs.174.200 Millions with interest at agreed rates of
interest, Security shall remain and continue for any advance of any nature
now due or pending or that may be made or become due hereafter from time to
time either in said loan account or in any other account/s and whether singly
or jointly with another or others and whether at Malad (West) Branch. Others Or any other
branch or office of the Bank and/or for any indebtedness or liability
whatsoever and for all costs, charges, and expenses whatsoever paid or
incurred by the Bank |
|
Short particulars
of the property charged |
I) A) All that
piece and parcel of property in question being N.A. Land or ground bearing
plot No.644/29 admeasuring about 740.75 sq. mtrs. Situated at Contd.
in...(ii), (iii), (iv), and (v) II) Village
Dabhel within the area of Taluka of Daman, Sub district and District of
Daman. III) B) Equitable
mortgage of the immovable properties of the company comprising non
agricultural land and building and other structures, fixed Plant and
Machinery, Fixtures and fittings IV) hereon
erected or installed thereon or to be erected or installed thereon situated
at Gala No.1, 2 and 3, Agarwal Industrial Estate, Survey No. 644/10 and
644/11,Near Somnath Temple, V) Dabhel, Daman
(U.T.) admeasuring about 474 Sq. Mtrs. Details as per copy of Oral assent |
|
Date of latest modification
prior to the present modification |
19.03.2011 |
|
Particulars of
the present modification |
4th Modification.
The principal amount of charge on the mortgaged property is revised from
Rs.85.200 Millions to Rs.174.200 Millions. |
Fixed Assets:
·
Land
·
Building
·
Plant and Machinery
·
Electrification
·
Mobile Phone
·
Motor Car
·
Computers
·
Furniture
·
Motor Bike
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.55.15 |
|
|
1 |
Rs.88.03 |
|
Euro |
1 |
Rs.70.85 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--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.