MIRA
INFORM REPORT
|
Report Date : |
10.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
BAJAJ RUBBER COMPANY PRIVATE LIMITED |
|
|
|
|
Registered Office : |
C-47, Mayapuri Industrial Area, Phase –II, New Delhi-110064 |
|
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|
|
Country : |
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|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
12.03.2003 |
|
|
|
|
Com. Reg. No.: |
55-119379 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.4.020 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51496DL2003PTC119379 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELB05770C |
|
|
|
|
Legal Form : |
Private limited liability company |
|
|
|
|
Line of Business : |
Trading of Rubber and Chemical |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 150000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having
satisfactory track. Trade relations are fair. Business is active. Payments
are reported to be usually and as per commitments. The company can be considered good for normal 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
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.
LOCATIONS
|
Registered Office : |
C-47, Mayapuri Industrial Area, Phase –II, New Delhi-110064, |
|
Tel. No.: |
91-11-30529004 / 30529005 / 06 / 45112222 / 65459005 |
|
Fax No.: |
91-11-41848401 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Darshan Lal Bajaj |
|
Designation : |
Director |
|
Address : |
3/47, Roop Nagar, |
|
Date of Birth/Age : |
07.05.1931 |
|
Date of Appointment : |
12.03.2003 |
|
DIN No.: |
00415750 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51496DL1996PTC081346 |
SAHIT
POLYCHEM PRIVATE LIMITED |
Director |
22/08/1996 |
22/08/1996 |
- |
Active |
NO |
|
2 |
U51496DL2003PTC119379 |
BAJAJ
RUBBER COMPANY PRIVATE LIMITED |
Director |
12/03/2003 |
12/03/2003 |
- |
Active |
NO |
|
3 |
U74899DL1973PTC006452 |
TIRATH
SOAP FACTORY PRIVATE LIMITED |
Director |
10/09/2004 |
10/09/2004 |
- |
Active |
NO |
|
Name : |
Mr. Anil Kumar Bajaj |
|
Designation : |
Director |
|
Address : |
3/47, Roop Nagar, |
|
Date of Birth/Age : |
23.04.1960 |
|
Date of Appointment : |
12.03.2003 |
|
DIN No.: |
00415771 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51496DL2003PTC119379 |
BAJAJ
RUBBER COMPANY PRIVATE LIMITED |
Director |
12/03/2003 |
12/03/2003 |
- |
Active |
NO |
|
2 |
U74899DL1973PTC006452 |
TIRATH
SOAP FACTORY PRIVATE LIMITED |
Director |
10/09/2004 |
10/09/2004 |
- |
Active |
NO |
|
3 |
U51496DL1996PTC081346 |
SAHIT
POLYCHEM PRIVATE LIMITED |
Director |
22/08/2006 |
22/08/2006 |
- |
Active |
NO |
|
Name : |
Mr. Sahit Bajaj |
|
Designation : |
Director |
|
Address : |
3/47, Roop Nagar, |
|
Date of Birth/Age : |
03.10.1984 |
|
Date of Appointment : |
23.12.2004 |
|
DIN No.: |
00415763 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Darshan Lal Bajaj |
|
95000 |
|
Anil Kumar Bajaj |
|
60000 |
|
Alka Bajaj |
|
30000 |
|
Sahit Bajaj |
|
58000 |
|
Anil Kumar Bajaj and Alka Bajaj |
|
106000 |
|
Samit Bajaj |
|
53000 |
|
Total |
|
402000 |
As on 30.09.2011
Equity Share Breakup (Percentage of Total Equity)
|
Category |
|
Percentage of
Holding |
|
Directors or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Rubber and Chemical |
GENERAL INFORMATION
|
Bankers : |
·
Citi Bank NA, 4th Floor, ·
Central Bank of India, 2/432, Connaught Circus, New
Delhi – 110 001, India. ·
Standard Chartered Bank, 10 Parliament Street,
New Delhi – 110001, India ·
ICICI Bank of ·
HDFC Bank Limited ·
Bank of India |
||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||
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Facilities : |
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|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain Vipin and Associates Chartered Accountants |
|
Address : |
972/4 (First Floor) Gali Telyan, Tilak Bazar, |
|
Tel. No.: |
91-11-23969417/ 23932758/ 2392766 |
|
Mobile No.: |
91-9810536366 |
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E-Mail : |
|
|
PAN No.: |
AAFPJ6494G |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
402000 |
Equity Shares |
Rs. 10/-
each |
Rs. 4.020
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 |
4.020 |
4.020 |
4.020 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
32.388 |
24.365 |
17.640 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
36.408 |
28.385 |
21.660 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
52.587 |
25.893 |
12.076 |
|
|
2] Unsecured Loans |
94.340 |
81.497 |
72.368 |
|
|
TOTAL BORROWING |
146.927 |
107.390 |
84.444 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
183.335 |
135.775 |
106.104 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.483 |
6.627 |
5.434 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.398 |
0.398 |
0.398 |
|
|
DEFERREX TAX ASSETS |
0.199 |
0.191 |
0.104 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
73.214
|
71.318
|
62.056
|
|
|
Sundry Debtors |
337.494
|
267.552
|
265.989
|
|
|
Cash & Bank Balances |
30.140
|
20.887
|
15.319
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
40.062
|
37.887
|
29.333
|
|
Total
Current Assets |
480.910
|
397.644
|
372.697
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
302.238
|
264.485
|
270.729
|
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000
|
|
|
Provisions |
7.417
|
4.600
|
1.800
|
|
Total
Current Liabilities |
309.655
|
269.085
|
272.529
|
|
|
Net Current Assets |
171.255
|
128.559
|
100.168
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
183.335 |
135.775 |
106.104 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
796.362 |
684.152 |
464.173 |
|
|
|
Other Income |
16.788 |
13.858 |
15.200 |
|
|
|
TOTAL (A) |
813.150 |
698.010 |
479.373 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
743.904 |
640.819 |
|
|
|
|
Freight and Cartage |
2.303 |
3.588 |
|
|
|
|
Personnel |
11.876 |
9.837 |
|
|
|
|
Administrative Expenses |
11.802 |
8.097 |
|
|
|
|
Selling and Distribution Expenses |
12.116 |
9.549 |
|
|
|
|
TOTAL (B) |
782.001 |
671.890 |
457.063 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
31.149 |
26.120 |
22.310 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.776 |
14.778 |
14.605 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.373 |
11.342 |
7.705 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.359 |
1.722 |
1.780 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12.014 |
9.620 |
5.925 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.991 |
2.913 |
1.795 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.023 |
6.707 |
4.130 |
|
|
|
|
|
|
|
|
|
Add |
INCOME TAX
ADJUSTMENT |
0.000 |
0.018 |
0.051 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
24.365 |
17.640 |
13.459 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
32.388 |
24.365 |
17.640 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
101.350 |
58.308 |
7.507 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.95 |
16.68 |
10.27 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.01
|
0.96 |
0.86
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.51
|
1.41 |
1.28
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.44
|
2.38 |
1.57
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.34 |
0.27
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
12.54
|
13.26 |
16.48
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
1.48 |
1.37
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
No |
NOTE:
The registered office address of the company has been shifted from
“B-10, 70, Rane Road, New Delhi, India” to the present address w.e.f.
23.12.2004.
TURNOVER:
The turnover of the company during the financial year is Rs.796.362
Millions as against Rs.684.152 in the previous year.
The directors are hopeful of better results in the next year with the
endeavor to achieve higher turnover and profits.
CONTINGENT LIABILITIES:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
On account of Guarantee given by bank |
15.600 |
15.600 |
|
On account of Letter of Credit (Inland and
foreign) |
32.785 |
3.690 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of charge |
|
Corporate
identity number of the company |
U51496DL2003PTC119379 |
|
Name of the
company |
BAJAJ RUBBER
COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C-47, Mayapuri
Industrial Area, Phase – II, E-Mail Id : hlalcs@yahoo.co.in |
|
Type of charge |
Book debts Others (Stock of Raw Materials, Goods
in transit) |
|
Particular of
charge holder |
Central Bank of India, 2/432, Connaught Circus, New Delhi – 110 001,
India. E-mail Id : ask7sethi@yahoo.com |
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation
agreement dated 25th July, 2011 securing amount of Rs.120.000 Millions by
creation of charge (1) on all present and future stock of raw materials,
goods in transit, work in progress, finished goods and stores and spares (2)
all present and future book debts, outstanding decrees, money receivables,
government subsidies, claims, bill contracts and investments |
|
Date of
instrument Creating the charge |
25.07.2011 |
|
Amount secured by
the charge |
Rs.120.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest All existing
terms shall be applicable |
|
Short particulars
of the property charged |
All present and future
stock of raw materials, goods in transit, work in progress, finished goods
and stores and spares All present and
future book debts, outstanding decrees, money receivables, government
subsidies, claims, bill contracts and investments. |
|
Date of last modification prior to
the present modification |
10.04.2010 |
|
Particulars of the present
modification |
Hypothecation
agreement dated 25.07.2011 enhancing secured loan amount to Rs.120.000
Millions by creation of charge on all present and future stock of raw
materials, goods in transit, work in progress, finished goods and stores and
spares and on all present and future book debts outstanding decrees, money
receivables, government subsidies, claims, bill contracts and investments. |
FIXED ASSETS:
·
Air Conditioner
·
Camera
·
Coffee Machine
·
Computer
·
Cooler
·
Cycle
·
Electrical Fittings
·
EPABX
·
Fax Machine
·
Fire Equipments
·
Furniture and Fixture
·
Generator Set
·
Mobile Phone
·
Motor Car
·
Motor Cycle
·
Office Equipments
·
Photocopier
·
Refrigerator
·
Rickshaw
·
Scooter
·
Tempo
·
Weights an Scales
·
Truck
·
Software
·
Television
·
Inverter
·
Fan
·
Water Cooler
·
Van
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
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.