|
Report Date : |
04.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
CALTRON CLAYS AND CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No.G-37, G-18, Ashoka Super Market, |
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Country : |
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|
Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
15.05.2000 |
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Com. Reg. No.: |
11-126516 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
U24110MH2000PTC126516 |
|
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|
IEC No.: |
0307031730 |
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|
PAN No.: [Permanent
Account No.] |
AABCC6468N |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Industrial Organic Chemicals and
Industrial Processed Minerals. |
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|
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|
No. of Employees
: |
10 (Approximately) |
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 5900 |
|
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|
Status : |
Small Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is small company in its field. Its scale of activities are limited.
Trade relations are reported to be fair. Business is active. Payments are
reported to be slow. The company can be considered for business dealing with some caution. |
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 |
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 PARTED BY
|
Name : |
Mr. Shitalnath Jain |
|
Designation : |
Director |
|
Contact No.: |
91-22-28764864 |
|
Date : |
25.09.2012 |
LOCATIONS
|
Registered Office : |
Office No.G-37, G-18, Ashoka Super Market, S. V. Road and Aarey Road,
Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Tel. No.: |
91-22-67254891/ 28764865/ 26105744/ 28764864/ 64133782 |
|
Fax No.: |
91-22-28713095/ 28764865 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
270 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1: |
Plot No.38/7, GIDC Jhagadia Mega Estate, Jhagadia, District Bharuch,
India |
|
|
|
|
Factory 2 |
Plot No.SLU- 19, Block D, MIDC Industrial Estate, Mahad, District
Raigad – 402301, Maharashtra, India |
|
Area : |
5000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse
: |
Gala No.C-4, Mayashree Compound, Opposite P C Petrol Pump, Near
Kapadia Baba Mandir, Purna Village, Bhiwandi – 421301, Maharashtra, India |
|
Area : |
1000 Sq.fts |
|
Location : |
Rented |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Shitalnath K Jain |
|
Designation : |
Director |
|
Address : |
D – 5/5, Jalnidhi Bangur Nagar, Goregaon (West), Mumbai-400090,
Maharashtra, India |
|
Date of Birth/Age : |
21.01.1962 |
|
Qualification : |
BSC Graduate |
|
Date of Appointment : |
15.05.2000 |
|
DIN No.: |
02625737 |
|
|
|
|
Name : |
Mrs. Sangita S. Jain |
|
Designation : |
Director |
|
Address : |
D – 5/5, Jalnidhi Bangur Nagar, Goregaon (West), Mumbai-400090,
Maharashtra, India |
|
Date of Birth/Age : |
08.07.1964 |
|
Qualification : |
BSC Graduate |
|
Date of Appointment : |
15.05.2000 |
|
DIN No.: |
02625748 |
|
|
|
|
Name : |
Mr. Sanskar Shitalnath Jain |
|
Designation : |
Director |
|
Address : |
D – 5/5, Jalnidhi Bangur Nagar, Goregaon (West), Mumbai-400090,
Maharashtra, India |
|
Date of Birth/Age : |
28.08.1989 |
|
Date of Appointment : |
18.01.2012 |
|
DIN No.: |
03438255 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Shitalnath K Jain |
|
5000 |
|
Sangita S. Jain |
|
5000 |
|
|
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Total |
|
10000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Others |
|
100.00 |
|
|
|
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|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Organic Chemicals and
Industrial Processed Minerals. |
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Exports : |
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Products : |
· Industrial Organic Chemicals · Industrial Processed Minerals |
|
Countries : |
Saudi Arabia |
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Imports : |
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Products : |
Raw Materials |
|
Countries : |
· China · Hong Kong |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
· Wolkem India Limited |
|||||||||||||||||||||
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Customers : |
End Users and Traders · Bayer Pharmaceuticals Limited |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
·
Citi Bank, Branch Shopperstop Andheri (West), Maharashtra, India ·
Indian Bank Goregaon Branch, S.V. Road, Aarey Road Junction, Goregaon-West,
Mumbai-400062, Maharashtra, India |
|||||||||||||||||||||
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|
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
G R and Associate Chartered Accountant |
|
Address : |
602, Shaniya Enclave Vallabhai Patel Road, Vile Parle West, Mumbai –
400056, Maharashtra, India |
|
Tel No.: |
91-22-26105744/ 22911668 |
|
PAN No.: |
AAIFG8732F |
|
Email : |
|
|
|
|
|
Name : |
Rohit Agarwal and Company Chartered Accountant |
|
Address : |
602, Shaniya Enclave, V P Road, Vile Parle West, Mumbai-400056,
Maharashtra, India |
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PAN No.: |
ADIPA2886M |
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|
|
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Associates/Subsidiaries : |
· Caltron Biofood and Fauna Feeds Industries Address: B-37, Ashoka Super Market, In of S.V. Road and Aarey Road,
Goregaon (West), Mumbai-400062, Maharashtra, India Activity: Manufacturer and Exporter of Industrial Organic Chemicals
and Industrial Processed Minerals |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.805 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.562 |
0.385 |
0.286 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.467 |
0.485 |
0.386 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.385 |
1.268 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.188 |
|
|
TOTAL BORROWING |
1.385 |
1.268 |
0.188 |
|
|
DEFERRED TAX LIABILITIES |
0.006 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.858 |
1.753 |
0.574 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.251 |
0.080 |
0.062 |
|
|
Capital work-in-progress |
1.640 |
1.477 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.010 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.007 |
0.005 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.689
|
0.573
|
0.423 |
|
|
Sundry Debtors |
1.775
|
0.891
|
1.576 |
|
|
Cash & Bank Balances |
0.202
|
0.382
|
0.468 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
0.321
|
0.032
|
0.008 |
|
Total
Current Assets |
2.987
|
1.878
|
2.475 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
1.479
|
1.382
|
1.555 |
|
|
Other Current Liabilities |
0.252
|
0.002 |
0.000 |
|
|
Provisions |
0.289
|
0.315
|
0.413 |
|
Total
Current Liabilities |
2.020
|
1.699
|
1.968 |
|
|
Net Current Assets |
0.967
|
0.179
|
0.507 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.858 |
1.753 |
0.574 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Operations |
6.405 |
4.380 |
5.740 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
6.405 |
4.380 |
5.740 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
4.342 |
1.888 |
3.992 |
|
|
|
Personnel Expenses |
1.061 |
0.965 |
0.635 |
|
|
|
Selling and Administrative Expenses |
0.721 |
1.446 |
1.034 |
|
|
|
Accretion/ Decretion in stock of Finished Goods |
[0.116] |
[0.150] |
[0.170] |
|
|
|
TOTAL (B) |
6.008 |
4.149 |
5.491 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.397 |
0.231 |
0.249 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.074 |
0.068 |
0.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.323 |
0.163 |
0.244 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.067 |
0.020 |
0.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.256 |
0.143 |
0.221 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.079 |
0.044 |
0.081 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.177 |
0.099 |
0.140 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.177 |
0.099 |
0.140 |
|
|
BALANCE CARRIED
TO THE B/S |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.70 |
-- |
-- |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
10.700 |
|
|
|
|
|
Expected Sales (2012-13): Rs.12.500 Millions
The above information has been parted by Mr. Shitalnath Jain.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.76
|
2.26
|
2.44 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.99
|
3.26
|
3.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.91
|
4.16
|
8.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.29
|
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.32
|
6.12
|
5.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48
|
1.11
|
1.26 |
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 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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] |
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 |
NOTE:
The Registered office of the company Has been shifted
from D-5/5, Jal Nidhi, Bangur Nagar, Goregaon (West), Mumbai – 400090,
Maharashtra, India, to the present address w.e.f. 18.01.2012.
OPERATIONS:
The company has earned a profit of Rs.0.187 Million post tax as compared
to the profit of Rs.0.099 Million earned during the previous year.
TRADE REFERENCE:
· Bayer Pharmaceuticals Limited
· Wolkem India Limited
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U24110MH2000PTC126516 |
|
Name of the
company |
CALTRON CLAYS AND CHEMICALS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
D – 5/6, Jalnidhi Bangur Nagar, Goregaon (West), Mumbai-400090,
Maharashtra, India |
|
Type of charge |
Immovable
Property Book Debts Movable Property Others: Stock |
|
Particular of
charge holder |
Indian Bank, Goregaon Branch, S.V. Road, Aarey Road Junction, Goregaon-West,
Mumbai-400062, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
1. Agreement for
open cash credit (Stocks/ Book Debts) 2. Letter of
Acknowledgement to be signed by third party (other borrower) who has
deposited the title deeds. (All the
agreement constitute a single charge) |
|
Date of
instrument Creating the charge |
17.04.2009 |
|
Amount secured by
the charge |
Rs.1.000 Million |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest As stipulated by
bank from time to time. Terms of
Repayment As stipulated by
bank from time to time. Margin 25% Margin Stocks
and book debt and/ or as stipulated by bank from time to time. Extent and
Operation of the charge First Charge
(Present and future) = OCC= Trade Finance = Rs.1.000 Million. Others As stipulated by bank
from time to time |
|
Short particulars
of the property charged |
First Charge
(Present and future) 1)
Hypothecation
of all stocks/ goods/ investments and book debts and receivables and current
and movable assets of the company 2)
EMG
of No. 37 and 18, B Wing, Ashoka Super Market CHS, S.V. Road, Goregaon (West)
Mumbai-400062 |
FIXED ASSETS:
·
Air Conditioner
·
Bag Closure Machine
·
Computers and Laptop
·
Fax Machine
·
Printer
·
Mobile Equipments
·
Locker (Safe)
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 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.52.33 |
|
|
1 |
Rs.84.30 |
|
Euro |
1 |
Rs.6745 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
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.