MIRA
INFORM REPORT
|
Report Date : |
23.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
GOLDFIELD FRAGRANCES PRIVATE LIMITED (w.e.f. 15.01.2003) |
|
|
|
|
Formerly Known
As : |
CONTEMPORARY PERFUMERS ( |
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|
|
Registered
Office : |
1/ 17, Prabhadevi Industrial Estate, 402,
Veer Savarkar, Mumbai – 400025, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
22.05.1986 |
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Com. Reg. No.: |
11-039895 |
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Capital
Investment / Paid-up Capital : |
Rs. 8.917 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24244MH1986PTC039895 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG03270B MUMG08840G |
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|
|
PAN No.: [Permanent Account No.] |
AAACC2440F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Perfumes, Cosmetics and
Toiletries. |
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|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 540000 |
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Status : |
Satisfactory |
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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. There
appears some dip in the sales turnover of the company during 2011. However, trade relations are reported as fair. Business is active.
Payments are reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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. Ravi Mullick |
|
Designation : |
Director |
|
Contact No.: |
91-22-24314806 |
|
Date : |
22.10.2012 |
LOCATIONS
|
Registered Office : |
1/ 17, Prabhadevi Industrial Estate, 402,
Veer Savarkar, Mumbai – 400025, Maharashtra, India |
|
Tel. No.: |
91-22-24314806/ 4907/ 66225959/ 24367032 / 24367031/ 24311182/
56603453 |
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Fax No.: |
91-22-24637031 |
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E-Mail : |
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Website : |
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|
Area : |
1500 sq ft |
|
Location : |
Owned |
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|
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|
Factory : |
Plot No. 85, Pilerne Industrial Estate, Pilerne, P. O.
Saligao, Bardez, Goa – 403 511, India |
|
Tel No.: |
91-832-2407450 |
|
Fax No.: |
91-832-6650865 |
|
Email : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Bharatrao Vasant Kamte |
|
Designation : |
Chairman and Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
19.12.1947 |
|
Date of Appointment : |
22.05.1986 |
|
DIN No.: |
00360483 |
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|
|
|
Name : |
Mrs. Jagdish Rajaram
Vaidya |
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Designation : |
Director |
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Address : |
403, Aalap, 173, |
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Date of Birth/Age : |
11.12.1953 |
|
Date of Appointment : |
30.10.2002 |
|
DIN No.: |
00360424 |
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|
|
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Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
E-2, Amalfi, L.D. Ruparel
Marg, Mumbai - 400 006, |
|
Date of Birth/Age : |
04.04.1958 |
|
Date of Appointment : |
01.09.2003 |
|
DIN No.: |
00360550 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Bharatrao
Vasant Kamte |
73853 |
|
Hindustan Lever Limited, |
7164 |
|
Jagdish Rajaram Vaidya |
3810 |
|
|
3243 |
|
Maluste Dattatray
Raghunandan |
1 |
|
E.M. Mascernhas |
1100 |
|
TOTAL
|
89171 |
AS ON 30.09.2011
|
Equity Shares Break
Up |
Percentage of
Holding |
|
Bodies corporate |
8.03 |
|
Directors or relatives of Directors |
90.73 |
|
Other top fifty shareholders |
1.24 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Perfumes, Cosmetics and
Toiletries. |
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Products : |
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Exports : |
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Products : |
Fragrance Compound |
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Countries : |
·
Nigeria ·
UK ·
Indonesia ·
China ·
Egypt ·
Saudi Arabia |
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Imports : |
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Products : |
·
Raw Material |
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Countries : |
·
Switzerland ·
Israel ·
Germany ·
US ·
Netherland |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Fragrance Compounds |
Tonnes P.A.
(Approximately) |
4000 |
561.709 |
NOTE: The installed capacity is as per the
certificate given by the management, on which the auditors have relied, being
technical matter.
GENERAL INFORMATION
|
Suppliers : |
·
HPPS |
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Customers : |
Wholesalers, Retailers and End Users ·
Hindustan Unilever Limited |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
N.
M. Raiji and Company Chartered
Accountants |
|
Address : |
Universal
Insurance Building, Pherezeshah Mehra Road, Mumbai – 400001, Maharashtra,
India |
|
Tel. No.: |
91-22-22870068 / 22873463
/ 22837482 |
|
Fax No.: |
91-22-22828646 / 24975018 |
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E-Mail : |
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PAN No.: |
AAAFN4217G |
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Subsidiaries : |
·
Quintessence Fragrances Limited ·
Quintessence Fragrances Private Limited ·
Goldfield Fragarom S.L. |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95000 |
Equity Shares |
Rs.100/- each |
Rs. 9.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
89171 |
Equity Shares |
Rs.100/-
each |
Rs. 8.917
Millions |
|
|
|
|
|
NOTES
1. Of the above 41171 Equity Shares of Rs. 100 each have been allotted for
consideration other than cash.
2. The above includes 34000 Equity Shares of Rs. 100 each issued to the
erstwhile shareholders of CFL Aromas (India) Private Limited in terms of the
Order of the Hon’ble High Court, Bombay dated 6th June, 2008, of
amalgamation of CFL Aromas (India) Private Limited with the Company with effect
from 1st April, 2007.
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 |
8.917 |
8.917 |
8.917 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
128.563 |
168.499 |
159.289 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
137.480 |
177.416 |
168.206 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
107.370 |
103.660 |
102.697 |
|
|
2] Unsecured Loans |
9.250 |
3.500 |
0.000 |
|
|
TOTAL BORROWING |
116.620 |
107.160 |
102.697 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
254.100 |
284.576 |
270.903 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
42.300 |
44.613 |
44.731 |
|
|
Capital work-in-progress |
14.460 |
9.452 |
8.783 |
|
|
|
|
|
|
|
|
INVESTMENT |
20.607 |
42.665 |
21.936 |
|
|
DEFERREX TAX ASSETS |
1.519 |
2.033 |
1.948 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
97.805
|
100.965
|
82.925 |
|
|
Sundry Debtors |
97.060
|
162.354
|
134.620 |
|
|
Cash & Bank Balances |
2.091
|
1.468
|
6.744 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
50.785
|
43.882
|
55.542 |
|
Total
Current Assets |
247.741
|
308.669 |
279.831 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
50.539
|
104.493 |
73.555 |
|
|
Other Current Liabilities |
16.886
|
13.050
|
8.456 |
|
|
Provisions |
5.102
|
5.313
|
4.315 |
|
Total
Current Liabilities |
72.527
|
122.856 |
86.326 |
|
|
Net Current Assets |
175.214
|
185.813
|
193.505 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
254.100 |
284.576 |
270.903 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
318.677 |
|
379.180 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
318.677 |
417.197 |
379.180 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
313.291 |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
313.291 |
403.163 |
366.166 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
5.386 |
14.034 |
13.014 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.354 |
4.824 |
4.085 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
3.032 |
9.210 |
8.929 |
|
|
|
|
|
|
|
|
|
Less |
Extra-Ordinary
Items in respect of a subsidiary |
42.968 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER
EXTRA-ORDINARY ITEMS |
(39.936) |
9.210 |
8.929 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
29.954 |
40.744 |
134.315 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
(9.982) |
20.000 |
102.500 |
|
|
BALANCE CARRIED
TO THE B/S |
0.000 |
29.954 |
40.744 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
31.364 |
42.107 |
15.380 |
|
|
|
Other Earnings |
3.280 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
34.644 |
42.107 |
15.380 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
27.473 |
39.007 |
42.721 |
|
|
|
Capital Goods |
0.056 |
0.254 |
0.932 |
|
|
TOTAL IMPORTS |
27.529 |
39.261 |
43.653 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(447.86) |
103.29 |
100.13 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
440.000 |
|
|
|
|
|
The above information has been parted by Mr. Ravi Mullick.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(12.53)
|
2.21
|
2.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.85
|
3.95
|
4.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.08
|
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.38
|
1.30
|
1.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.42
|
2.51
|
3.24 |
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 |
Yes |
|
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 |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
-
Due from Micro, Small and Medium Enterprises |
1.247 |
2.800 |
0.000 |
|
-
Others |
49.292 |
101.693 |
73.555 |
|
TOTAL |
50.539 |
104.493 |
73.555 |
FORM 8
|
Corporate
identity number of the company |
U24244MH1986PTC039895 |
|
Name of the
company |
GOLDFIELD
FRAGRANCES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1/17, Prabhadevi Industrial Estate, 402,
Veer Savarkar, Mumbai – 400025, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
90239938 |
|
Type of charge |
·
Book debts ·
Movable
property (not being pledge) ·
Others |
|
Particular of
charge holder |
Bank
of |
|
Nature of
instrument creating charge |
1.Tenth
Supplemental Deed Of Hypothecation |
|
Date of
instrument Creating the charge |
09.02.2011 |
|
Amount secured by
the charge |
Rs. 141.550
Millions |
|
Brief of the
principal terms an 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 As stipulated by
bank from time to time Extent and operation of the charge First
charge(present and future)=total limit Rs.141.550 Millions (C.C.-stock
Rs.65.000 Millions, C. C. -book debts Rs. 65.000 Millions, CC max Rs. 97.500
Millions, (of which earmark limit with their mapuca branch Rs. 25.000
Millions), D.L. Rs 2.400 Millions, T. L=Rs.10.700 Millions, Total fund based
Rs. 110.600 Millions, non fund based=l. C. D/P-D/A 90 days Rs.6.000 Millions,
foreign B.G./stand by l.c.(eq to euro
30,000) Rs.19.600 Millions, one time foreign BG/stand by l. C.(eq. to
GBP 75000) Rs.5.350 Millions, TOT And/or as
stipulated by bank from time to time Other As Stipulated By Bank
From Time To Time And As Per Agreement Attached And As Per Sanction Letter Of
The Bank |
|
Short particulars
of the property charged (Including location of the property) |
First
Charge(Present & Future On Following Assets)- (1)
Hypothecation
Of All Stock / Goods / Inventories / Products
Including Brought Under L.C. / Bank Finance Kept At Borrower Place /
Premises / Godowns/ Factories Or where Everelse Or In Transit including
Brought Under L.C. (2)
Hypothecation
of all Book Debts And Receivables (3)
Hypothecation
of Current, Movable Assets of The
Company (4)
Hypothecation
of All Movable Machineries Like Weighing Scales, Filters, Stirrers, Tanks,
Wooden Pallets, Spare Parts, Racks, Generators Sets Etc |
|
Particulars of
the present modification |
By This Modification
Bank Has Hence Total Limit Enhanced From 137.300 Millions To Rs.141.550
Millions (Fund Based 110.600 Millions And Non Fund Based Rs. 30.950
Millions),Securities Are Continued As Given By Original Charge As Well As By
Modifications, Terms And Conditions As Per Agreement |
TRADE REFERENCES
·
HPPS
·
Hindustan Unilever Limited
FIXED ASSETS
Ø
Ø
Ø
Office
Premises
Ø
Electrical
Instalment
Ø
Plant and Machinery
Ø
Furniture and
Fixtures
Ø
Computer Systems
Ø
Vehicles
Ø
Air Conditioner
Ø
Office Equipments
Ø
Laboratory Equipments
Ø
Knowhow and
Trademarks
Ø
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. 53.67 |
|
|
1 |
Rs. 86.04 |
|
Euro |
1 |
Rs. 70.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
42 |
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.