MIRA
INFORM REPORT
|
Report Date : |
24.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
SPAK ORGOCHEM ( |
|
|
|
|
Formerly Known
As : |
PRM PHARMA AND FINE CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7/8, Suchita CHS, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.12.1981 |
|
|
|
|
Com. Reg. No.: |
11-025906 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.240 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1981PTC025906 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS35673B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS228G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Specialty Chemicals |
|
|
|
|
No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The latest
financials of the company are not made available. However, trade relations are reported as decent. Business is active.
Payments are reported to be unknown in absence of latest financials. The company can be considered for business dealings with some caution.
Note: Profit and Loss account for the current year is not available. |
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 1A |
|
Rating Explanation |
Highest performance capability and high financial strength. |
|
Date |
28.04.2012 |
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 : |
Mrs. Ulka Kamath |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-25293450 |
|
Date : |
23.11.2012 |
LOCATIONS
|
Registered Office : |
7/8, Suchita CHS, |
|
Tel. No.: |
91-22-25293450 / 25220083 |
|
Fax No.: |
91-22-25233504 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
A-2/4, Suman Nagar, Sion Trombay Road, Chembur, Mumbai – 400071,
Maharashtra, India |
|
Tel. No.: |
91-22-25230030 |
|
|
|
|
Factory : |
Nasik, Maharashtra, India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Bhaskar Vitthal Patwardhan |
|
Designation : |
Director |
|
Address : |
Sanjeevani Sankul, Flat No. 302, 3rd Floor, Gole Colony, |
|
Date of Birth/Age : |
25.12.1952 |
|
Date of Appointment : |
21.06.1999 |
|
DIN No.: |
00150450 |
|
|
|
|
Name : |
Mr. Avinash Mukund Paranjape |
|
Designation : |
Director |
|
Address : |
Flat No. G 1 and 2, Ganga Vihar, opposite Sathaye Collage, Dixit Road,
Vile Parle East, Mumbai- 400057, Maharashtra, India |
|
Date of Birth/Age : |
19.03.1952 |
|
Date of Appointment : |
26.12.1984 |
|
DIN No.: |
00228852 |
|
|
|
|
Name : |
Mr. Arun Ramchandra Jogalekar |
|
Designation : |
Director |
|
Address : |
203/204, Suchitra, Chs, |
|
Date of Birth/Age : |
08.12.1947 |
|
Date of Appointment : |
16.12.1984 |
|
DIN No.: |
02145238 |
KEY EXECUTIVES
|
Name : |
Mrs. Ulka Kamath |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Jogalekar Aruna With Jogalekar Arun |
|
4290 |
|
Jogalekar Aruna With Jogalekar Arun |
|
7700 |
|
Jogalekar Gauri With Jogalekar Arun |
|
2626 |
|
Paranjape Avinash With Paranjape Jelum |
|
5081 |
|
Joglekar Ameya With Joglekar Joytsana |
|
1100 |
|
Joglekar Aruna With Joglekar Ameya |
|
275 |
|
Joglekar Ameya With Joglekar Arun |
|
550 |
|
Bendre S. Sameera. |
|
1 |
|
D'souza Mitali With D'souza Raul |
|
1 |
|
Raut Saroj P. With Mhatre Leena |
|
1 |
|
Ravindran Shamala With Ravindran Divya |
|
1 |
|
R. Srinivasan |
|
1 |
|
Ginde Sonal |
|
1 |
|
Kamat G. K. |
|
1 |
|
Nabar Kanchan With Nabar Dhanashree |
|
1 |
|
Bhangale Deepak |
|
1 |
|
Sane Jayprakash With Sane Meghana |
|
1 |
|
Patwardhan Ratnakar V. |
|
470 |
|
Jecob Mini With Jecob Joseph |
|
1 |
|
Apte Damayanti |
|
1 |
|
Kale Ashok With Kale Aparna |
|
1 |
|
Spak Esters Private Limited, India |
|
28637 |
|
Mhatre Kundan With Mhatre Leena |
|
1 |
|
Kale Sushama With Kale Vinayak |
|
1 |
|
Shiralkar Vidya |
|
1 |
|
Kamat Neelesh With Kamat Mugdha |
|
1 |
|
Kamat Usha With Kamat Gautam |
|
1 |
|
Karandikar Rekha With Satyajit |
|
1 |
|
Nayak Meena With Mallaya Ravi |
|
1040 |
|
Nayak Meena With Nayak Mohandas |
|
90 |
|
Patwardhan Bhaskar |
|
470 |
|
Kamat Ulka |
|
55 |
|
Total |
|
52403 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
54.65 |
|
Directors or relatives of Directors |
42.15 |
|
Other |
3.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Specialty Chemicals
|
|
|
|
|
Products : |
·
Sorbitan Esters ·
Amides and Betaines ·
Glycerol Esters ·
Glycol Ester ·
Antifoamers and Defoamers ·
Sulphated Esters ·
Specialty Esters |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
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|
|
|
Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
35 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
· Syndicate Bank, Jal Palace, Shradhanand Road, Vile Parle (East), Mumbai - 400049, Maharashtra, India ·
Axis Bank ·
HDFC Bank |
||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
Overdraft Rs.75.000 Millions
(From Syndicate Bank) (Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Singavi Oturkar and Kelkar Chartered Accountants |
|
Address : |
Narayan Niwas, 1st Floor, Opposite Bank of Maharashtra,
Gokhale Road, Naupada, Thane- 400602, Maharashtra, India. |
|
Tel. No.: |
91-22-25425737 / 25426518 / 25444685 |
|
Fax No.: |
91-22-25405168 |
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E-Mail : |
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PAN.: |
AAEFS8002L |
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|
|
|
Holding Company : |
Spak Esters Private Limited CIN No: U24230MH2008PTC182214 |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
66425 |
Equity Shares |
Rs.100/-
each |
Rs.6.643
Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
52403 |
Equity Shares |
Rs.100/-
each |
Rs.5.240
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 |
5.240 |
5.620 |
5.620 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
21.545 |
8.742 |
2.547 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
26.785 |
14.362 |
8.167 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
18.827 |
16.615 |
17.669 |
|
|
2] Unsecured Loans |
11.858 |
8.265 |
9.664 |
|
|
TOTAL BORROWING |
30.685 |
24.880 |
27.333 |
|
|
DEFERRED TAX LIABILITIES |
1.458 |
1.397 |
1.403 |
|
|
|
|
|
|
|
|
TOTAL |
58.928 |
40.639 |
36.903 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.354 |
10.310 |
10.161 |
|
|
Capital work-in-progress |
9.556 |
0.010 |
0.008 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
18.877
|
15.740 |
14.883
|
|
|
Sundry Debtors |
60.530
|
37.675 |
33.067
|
|
|
Cash & Bank Balances |
2.829
|
1.849 |
2.104
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
11.471
|
4.702 |
3.365
|
|
Total
Current Assets |
93.707
|
59.966 |
53.419 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
41.600 |
23.912 |
23.526 |
|
|
Other Current Liabilities |
3.261
|
1.635 |
1.568
|
|
|
Provisions |
10.828
|
4.100 |
1.591
|
|
Total
Current Liabilities |
55.689
|
29.647 |
26.685 |
|
|
Net Current Assets |
38.018
|
30.319 |
26.734
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
58.928 |
40.639 |
36.903 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
170.080 |
150.957 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
170.080 |
150.957 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
159.415 |
145.553 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
159.415 |
145.553 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
10.665 |
5.404 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
1.562 |
1.578 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
9.103 |
3.826 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
2.894 |
1.376 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
6.209 |
2.450 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
1.055 |
(1.383) |
|
|
|
|
|
|
|
|
|
|
Interest on FBT (AY 2005-06) |
|
0.000 |
(0.013) |
|
|
|
|
|
|
|
|
|
|
Excess provision written bank |
|
(0.014) |
0.001 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
7.250 |
1.055 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
NA |
43.59 |
|
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%20PRIVATE%20LIMITED%20-%20200918%2024-Nov-2012_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20200918%2024-Nov-2012_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20200918%2024-Nov-2012_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
3.65 |
1.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
12.95 |
6.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.63 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.22
|
3.80 |
6.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68
|
2.02 |
2.00 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
In Millions
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors (for goods including LC bills) |
40.398 |
23.638 |
22.989 |
|
Sundry Creditors (for expenses) |
1.202 |
0.274 |
0.537 |
|
Total |
41.600 |
23.912 |
23.526 |
|
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 two years |
Yes |
|
12] |
Profitability for last two 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 |
Yes |
|
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 |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24100MH1981PTC025906 |
|
Name of the
company |
SPAK ORGOCHEM (INDIA)
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
7/8, Suchita CHS, |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
90184060 |
|
Type of charge |
· Immovable property ·
Movable property (not being pledge) |
|
Particular of
charge holder |
Syndicate Bank, Jal Palace; Shradhanand Road, Vile Parle (East), Mumbai - 400049, Maharashtra, India |
|
Nature of
instrument creating charge |
1. Land and
Building in Plot No. H-8, MIDC, Industrial Area, Satpur Nashik 422007 2. Land and
Building in Plot No. 141 Phase II, Midc, Kalyan Road, Dombivali (East),
421204 3. Stock of Raw
Material, Processed, Finished Goods, Stores and Spares. 4. Plant and
Machinery and Office Equipments. |
|
Date of
instrument Creating the charge |
03.07.2012 |
|
Amount secured by
the charge |
Rs.75.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest 13% Per Annum
being 2.5% over and above Syndicate Bank's base rate (PLR)/Prime Term Lending
Rate (PTLR) Terms of Repayment As per agreement Margin SOD - 25%, on Stock,
30% on Receivables. FDBP/FUBP/AABC(LC/NLC)-
Nil FLC/NLC -20% PSC PCL (H) - 25% Extent and Operation of the charge The bank shall
have first charge on all the assets secured. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Land and Building
in Plot No. H-8, MIDC, Industrial Area, Satpur Nashik 422007 Land and Building
in Plot No. 141 Phase II, MIDC, Kalyan Road, Dombivali (East), 421204 Stock of Raw
Material, Processed, Finished Goods, Stores and Spares. Plant and Machinery
and Office Equipments. |
|
Date of
instrument modifying the charge |
09.07.2008 |
|
Particulars of
the present modification |
Increase in Existing
Credit Facility of Rs. 40.000 Millions to Rs. 75.000 Millions having limits
of SOD Rs. 15.000 Millions + FDBP / FUBP / AABL (LC/NLC) Rs. 30.000 Millions
(sublimit of PSL/PCL(H) Rs. 7.000 Millions)+FLC/INLC (DP/DA) Rs. 30.000
Millions. |
FIXED ASSETS
· Lease hold Land
· Factory Shed
· Plant and Machinery
· Furniture and Fixtures
· Electrical Equipments and Laboratory Equipments
· Office Equipments
· Vehicles
· Computer
· Work in Progress Office Renovation
· Common Effluent Treatment Plant
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.55.34 |
|
|
1 |
Rs.88.30 |
|
Euro |
1 |
Rs.71.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
NO |
|
--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 |
|
30 |
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.