|
Report Date : |
08.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN PLATINUM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C 122, TTC Industrial Area, Pawane, Navi Mumbai – 400703, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
04.10.1961 |
|
|
|
|
Com. Reg. No.: |
11-012143 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.42.740 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1961PTC012143 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH00234D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH1111J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Precious Metals
Products |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 410000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. Trade
relations are reported to be fair. Business is active. Payments are reported
to be regular and as per commitments. 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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A (Cash Credit) |
|
Rating Explanation |
Having adequate degree of safety regarding
timely servicing of financial obligation it carry low credit risk. |
|
Date |
December 2011 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A1 (Letter of Credit) |
|
Rating Explanation |
Having Strong degree of safety regarding
timely payment of financial obligation
it carry lowest credit risk. |
|
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 DENIED BY
|
Name : |
Mr. Buhari Wala |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-27681857 |
|
Date : |
07.09.2012 |
LOCATIONS
|
Registered Office/Factory : |
C 122, TTC Industrial Area, Pawane, Navi Mumbai – 400703, |
|
Tel. No.: |
91-22-27683006 Extn. 329 |
|
Fax No.: |
91-22-27630413/ 27619398/99 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 19.12.2011
|
Name : |
Mr. Shashikant Sajanlal Choksi |
|
Designation : |
Managing Director |
|
Address : |
58 – Manglika, Presidency Society, 7th N S Road, JVPD Scheme,
Vile Parle (West), Mumbai - 400049 |
|
Date of Birth/Age : |
27.11.1938 |
|
Qualification: |
Under Graduate |
|
Date of Appointment : |
08.11.1971 |
|
Din No.: |
|
|
|
|
|
Name : |
Mr. Ashok Sajanlal Choksi |
|
Designation : |
Whole-time Director |
|
Address : |
221- A, Grand Paradi, Dadi Seth Hill, August Kranti Marg, Mumbai -
400036 |
|
Date of Birth/Age : |
24.05.1947 |
|
Qualification: |
SSC |
|
Date of Appointment : |
17.07.1980 |
|
Din No.: |
00526715 |
|
|
|
|
Name : |
Mr. Abhay Sajanlal Choksi |
|
Designation : |
Whole-time Director |
|
Address : |
222-A, Grand Paradi, Dadi Seth Hill, August Kranti Marg, Mumbai –
400036 |
|
Date of Birth/Age : |
10.12.1948 |
|
Qualification: |
SSC |
|
Date of Appointment : |
17.07.1980 |
|
Din No.: |
00526769 |
|
|
|
|
Name : |
Mr. Vikram Sajanlal Choksi |
|
Designation : |
Whole-time Director |
|
Address : |
20 Mangal President Society, 7th |
|
Date of Birth/Age : |
24.04.1953 |
|
Qualification: |
PH.D |
|
Date of Appointment : |
17.07.1980 |
|
Din No.: |
00526890 |
KEY EXECUTIVES
|
Name : |
Mr. Buhari Wala |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.12.2011
|
Names of Shareholders |
|
No. of Shares |
|
Shashikant S. Choksi HUF |
|
120060 |
|
Shashikant S.
Choksi |
|
243080 |
|
Shashikant S.
Choksi Bharti S. Choksi |
|
12030 |
|
Bharti S. Choksi
Shashikant S. Choksi |
|
294300 |
|
Bharti S. Choksi |
|
19140 |
|
Ashish S. Choksi
Bharti S Choksi |
|
108930 |
|
Ashish S. Choksi
Shashikant S Choksi |
|
14120 |
|
Suruchi A Choksi
Ashish |
|
68560 |
|
Vishwas S. Choksi
Shashikant S Choksi Bharti S ChoksI |
|
175250 |
|
Vishwas s. Choksi
bharti s choksI |
|
13030 |
|
Ashok s. Choksi |
|
161240 |
|
Gautam a. Choksi |
|
413660 |
|
Tanu g. Choksi
Gautam A Choksi |
|
280060 |
|
Gautam a. Choksi
huf |
|
213440 |
|
Gtc power Private
Limited, |
|
100 |
|
Abhay s. Choksi HUF |
|
96740 |
|
Abhay s. Choksi |
|
287360 |
|
Abhay s. Choksi
madhulika a choksi |
|
65880 |
|
Madhulika a.
Choksi abhay s choksi |
|
227100 |
|
Gaurav a. Choksi
abhay S. Choksi
madhulika a choksi |
|
95710 |
|
Siddharth a.
Choksi abhay S. Choksi
Madhulika A Choksi |
|
295710 |
|
Vikram s. Choksi
HUF |
|
213700 |
|
Vikram s. Choksi |
|
174410 |
|
Vikram s. Choksi Pallavi V Choksi |
|
39290 |
|
Pallavi v. Choksi |
|
128680 |
|
Pallavi v. Choksi Vikram A Choksi |
|
85020 |
|
Vardhaman V.
Choksi Vikram S. Choksi Pallavi V Choksi |
|
213700 |
|
Rushabh V Choksi |
|
213700 |
|
Total |
|
4274000 |
As on 19.12.2011
Equity Shares Break - up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
99.998 |
|
Bodies corporate |
|
0.002 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Precious Metals
Products |
||||||||
|
|
|
||||||||
|
Products/Services : |
|
||||||||
|
|
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
|
Unit |
Installed
Capacity |
Actual
Production |
|
Precious Metal Items: Platinum and its Alloy Products, Electrical Contacts, Wire Gauze Catalysts, Precious Metal Compounds & Catalysts, Spinnerettes, Bushings, Targets, Stirrers, Jewellery Alloys etc. |
|
KGS |
106665 |
121937 |
|
Power Generation |
|
KWH |
14418 |
NA |
Note: Installed Capacity being of a Technical Nature is not verified by the Auditors and is as certified by the Management
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Industrial Development Bank of ·
Bank of ·
HDFC Bank Limited, HDFC Bank House Senapati
Bapat Marg, Lower Parel West, Mumbai-400013, |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
Rs.in
Millions
Foot
Notes: (A) From Banks (Wind Power Project) (Amount due within12
months Rs. 25.832.Millions.(Previous .Year Rs.25.832 Millions) (B) Cash Credit I Packing Credit in Foreign Currency From
Consortium of Bankers 512.206Millions : Interest Accrued and Due 0.365 Millions Rs.in
Millions
Foot
Notes: From Directors, Shareholders and Relatives (Amount due
within12 months Rs. 58.900 Millions. (Previous Year Rs.56.723 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Natvarlal Vepari and Company Chartered Accountant |
|
Address : |
Oricon House, 4th Floor, 12 K. Dubash Marg, Mumbai-400023, |
|
Tel. No.: |
91-22-66315851 |
|
Fax No.: |
91-22-66315852 |
|
E-Mail : |
|
|
PAN No.: |
AAAFN2322E |
|
|
|
|
Subsidiaries : |
Hindustan Platinum International Limited (Formerly Epsilon limited) |
|
|
|
|
Associates/ |
· Choksi Investments Private Limited · Choksi Contacts Private Limited · Panache Engineers Private Limited ·
GTC Powers Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Share |
Rs.10/- Each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4274000 |
Equity Share |
Rs.10/- Each |
Rs.42.740
Millions |
Note:
1) 3,800,000 Equity Shares of Rs. 10/- each, are allotted as fully paid up by way of bonus shares by capitalization of the General Reserves.
2)1,068,500 Equity Shares extinguished under Buy Back Scheme
during the Previous Year.
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 |
42.740 |
42.740 |
47.252 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
982.298 |
794.903 |
746.480 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1025.038 |
837.643 |
793.732 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
561.717 |
694.594 |
701.637 |
|
|
2] Unsecured Loans |
204.339 |
306.640 |
170.166 |
|
|
TOTAL BORROWING |
766.056 |
1001.234 |
871.803 |
|
|
DEFERRED TAX LIABILITIES |
180.971 |
193.029 |
217.280 |
|
|
|
|
|
|
|
|
TOTAL |
1972.065 |
2031.906 |
1882.815 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
943.060 |
924.038 |
974.228 |
|
|
Capital work-in-progress |
3.687 |
4.657 |
3.504 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
42.664 |
42.664 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
906.210
|
1108.132
|
704.224
|
|
|
Sundry Debtors |
791.920
|
513.574
|
283.791
|
|
|
Cash & Bank Balances |
7.016
|
37.002
|
0.992
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
132.709
|
177.856
|
117.616
|
|
Total
Current Assets |
1837.855
|
1836.564 |
1106.623 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
618.287
|
664.416
|
184.936
|
|
|
Other Current Liabilities |
101.469
|
94.267
|
49.607
|
|
|
Provisions |
92.781
|
17.334
|
9.661
|
|
Total
Current Liabilities |
812.537
|
776.017 |
244.204 |
|
|
Net Current Assets |
1025.318
|
1060.547 |
862.419 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1972.065 |
2031.906 |
1882.815 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
SALES AND JOB
WORK CHARGES |
6429.378 |
4785.869 |
3968.462 |
|
|
|
OTHER INCOME |
17.663 |
7.787 |
23.150 |
|
|
|
TOTAL |
6447.041 |
4739.656 |
3991.612 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
6027.818 |
4490.081 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
419.223 |
303.575 |
257.587 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
158.942 |
88.249 |
94.185 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
260.281 |
215.326 |
163.402 |
|
|
|
|
|
|
|
|
|
Add |
SHORT PROVISIONS
FOR EARLIER YEARS INCOME TAX : |
(5.826) |
(1.047) |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
34.218 |
20.902 |
13.973 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
30.000 |
194.606 |
150.000 |
|
|
|
Dividend |
57.699 |
5.129 |
5.670 |
|
|
|
Tax on Dividend |
9.360 |
0.852 |
0.803 |
|
|
|
Corporate dividend tax for previous year |
0.000 |
0.376 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
191.614 |
34.218 |
20.902 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
|
1028.951 |
|
|
|
Commission Earnings |
|
|
12.711 |
|
|
|
Other Earnings |
|
|
27.376 |
|
|
TOTAL EARNINGS |
1936.470 |
1696.743 |
1069.038 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
59.54 |
46.84 |
34.58 |
|
The above information has been parted by denied by Mr. Buhari Wala
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.04
|
4.54 |
4.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.52
|
6.34 |
6.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.91
|
10.99 |
12.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.36 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.54
|
2.12 |
1.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.26
|
2.36 |
4.53 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
No |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
|
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
PAN
of Proprietor/Partner/Director, if available |
No |
|
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
External
Agency Rating, if available |
Yes |
SUNDRY CREDITORS DETAIL
(Rs. In Millions )
|
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Creditors due small micro enterprises |
2.268 |
0.396 |
0.727 |
|
Creditors due others |
616.019 |
664.020 |
184.209 |
|
|
618.287
|
664.416
|
184.936
|
OPERATIONAL
PERFORMANCE:
Sales and Job-work charges of the Company have increased to Rs.6429.378 Millions from Rs.4785.869 Millions The Operating profit before tax for the current year shows a increase from Rs.303.576 Millions to Rs.419.223 Millions an increaseofRs.115.647 Millions over the previous year. The Directors informed that the increase in profitability, is mainly attributed to, increase in Job-Work charges. The performance of the Company for the current year is expected to be good. The Company expects to increase sales turnover and job-work charges, consequently improving the profitability, provided the same is not affected by unforeseen contingencies. The Company plans to decrease production losses and increase recovery efficiencies by replacing certain old processes and equipments with newer technologies and by improving operational performance.
CONTINGENT LIABILITY:
|
Particular |
31.03.2011 |
|
Estimated amount of contracts remaining to be executed on
Capital Account and not provided for in accounts. In respect of Demands under
Disputes |
3.711 |
|
Excise Duty |
93.121 |
|
Income Tax (Rs. 20,652,748/- Paid / Refund adjusted under
protest) |
22.004 |
|
In respect of Precious Metals taken on lease Counter Guarantees given by the Company to its bankers for guarantees given by them to the Company's customers (None invoked). |
|
|
i) Inland |
1347.829 |
|
ii) Foreign |
72.347 |
|
Corporate Guarantee in favor of bank on behalf of its
subsidiary |
66.975 |
|
Bills discounted with Bank |
141.681 |
|
Unexpired Inland Letters of Credit |
21.000 |
|
Unexpired Foreign Letters of Credit |
851.922 |
FIXED ASSETS:
AS PER
WEBSITE DETAILS:
PROFILE:
Subject, established in 1961, is a manufacturer of precious metals products having industrial applications across a broad spectrum of industries. Armed with technical partnerships with world leaders in the field, such as Engelhard-CLAL, Corning Incorporated of USA, dmc2 (formerly, Degussa-Huls), Germany and Chugai Electric Industrial Company, Japan, commitment to quality and customer-driven research enables them to constantly meet the customers' requirements and to constantly strive to exceed it.
In accepting responsibility as a
manufacturer whose components are critical to the manufacturing processes of
other industries, Hindustan Platinum ensures stringent quality control at all
levels of manufacturing starting right with purity of raw material, for which
we have state of the art in-house refining facilities.
A quest for perfection and precision has resulted in
technologies that are continuously evolving. With a customer base in
MAKING HISTORY
1952 Founded
1961 Equity collaboration with Heraeus
1976 Equity collaboration with Heraeus ends.
Becomes family held
1984 Collaboration with Chugai of
1985 Collaboration with Engelhard Corporation
for Catchment Gauzes
1994 Collaboration with Chugai renewed
1994 Collaboration with Degussa for Knitted
Gauzes.
1996 Collaboration with Engelhard - CLAL for
Sputter Targets
1997 Collaboration with Corning Inc. for
Stirrers and other Platinum Components
1998 Collaboration Engelhard-CLAL for Bushings
and Feeder Systems
1999 Commissioning of our plant in New Bombay
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international anti-terrorism
laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
|
1 |
Rs.88.49 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
53 |
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.