MIRA INFORM REPORT
|
Report Date : |
22.09.2012 |
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|
|
IDENTIFICATION DETAILS
|
Name : |
FINE ORGANIC INDUSTRIES PRIVATE LIMITED (w.e.f. 16.02.2009) |
|
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|
|
Formerly Known
As : |
FINE ORGANIC INDUSTRIES (MUMBAI) PRIVATE LIMITED |
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Registered
Office : |
Fine House, M. G. Road, Ghatkopar (East), Mumbai – 400077, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of Incorporation
: |
24.05.2002 |
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Com. Reg. No.: |
11-136003 |
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Capital
Investment / Paid-up Capital : |
Rs. 48.300
Millions |
|
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|
|
CIN No.: [Company Identification
No.] |
U24119MH2002PTC136003 |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Seller of Speciality Chemicals, textile Auxiliaries
for Paints, Inks, Adhesives and Coatings, Plastic Additives, Fatty Acid Ester
and Food Additives. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 450000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The financial
detail is Missing from government department. However, from the previous year
record company has performed well. Trade relations are reported to be fair.
Business is active. Payments are reported to be unknown. The company can be considered for business dealing with slight
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 |
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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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit : (BBB) |
|
Rating Explanation |
Having moderate degree of safety regarding
timely servicing of financial obligation it carry moderate credit risk. |
|
Date |
March 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.
LOCATIONS
|
Registered/ Head Office : |
Fine House, M. G. Road, Ghatkopar (East), Mumbai – 400077,
Maharashtra, India |
|
Tel. No.: |
91-22-21025000 - 15/ 25093400 |
|
Fax No.: |
91-22-21028899/ 20126666/ 25162276 |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Jayen Ramesh Shah |
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Designation : |
Director |
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Address : |
1002,
Indraprastha Building, Rajawadi, Ghatkopar East, Mumbai-400077, Maharashtra,
India |
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Date of Appointment : |
24.05.2002 |
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DIN No.: |
00106919 |
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Other Directorship: |
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Name : |
Mr. Tushar Ramesh Shah |
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Designation : |
Director |
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Address : |
1104,
Indraprastha Building, Rajawadi, Ghatkopar East, Mumbai-400077, Maharashtra,
India |
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Date of Appointment : |
24.05.2002 |
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DIN No.: |
00107144 |
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Other Directorship: |
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Name : |
Mr. Mukesh Maganlal Shah |
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Designation : |
Director |
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|
Address : |
1003,
Indraprastha Building, Rajawadi, Ghatkopar East, Mumbai-400077, Maharashtra,
India |
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Date of Appointment : |
24.05.2002 |
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DIN No.: |
00106799 |
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Other Directorship: |
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Name : |
Mr. Prakash Damodar Kamat |
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Designation : |
Director |
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Address : |
Neelkanth Tirth Co-operative
Housing Society, Bungalow No.3, Road No. 6, Chembur, Mumbai-400071,
Maharashtra, India |
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Date of Appointment : |
24.05.2002 |
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DIN No.: |
00107015 |
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Other Directorship: |
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Name : |
Ms. Bimal Mukesh Shah |
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Designation : |
Additional director |
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Address : |
1003,
Indraprastha Building, Rajawadi, Ghatkopar East, Mumbai-400077, Maharashtra,
India |
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Date of Appointment : |
01.04.2011 |
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DIN No.: |
03424880 |
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Other Directorship: |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mukesh Maganlal Shah |
|
807884 |
|
Jayen Ramesh Shah |
|
807308 |
|
Prakash Damodar Kamat |
|
941350 |
|
Tushar Ramesh Shah |
|
859572 |
|
Smoothex Chemicals Pvt.Ltd. |
|
1142 |
|
Jyotsna Ramesh Shah |
|
922479 |
|
Jayshree Mukesh Shah |
|
80600 |
|
Bimal Mukesh Shah |
|
52300 |
|
Neeta Jayen Shah |
|
80600 |
|
Shailee Jayen Shah |
|
12000 |
|
Manali Jayen Shah |
|
12000 |
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Bina Tushar Shah |
|
52300 |
|
Rhea Tushar Shah |
|
17000 |
|
Esha Tushar Shah |
|
17000 |
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Miti Jitendra Gandhi |
|
571 |
|
Harsha Jitendra Gandhi |
|
567 |
|
Jayantilal P. Gandhi (HUF) |
|
5 |
|
Muktaben Jitendra Gandhi |
|
5 |
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Vaibhav Jitendra Gandhi |
|
5 |
|
Heman V. Mehta |
|
5 |
|
Bina Vinod Mehta |
|
5 |
|
Jayen R. Shah HUF |
|
50945 |
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Tushar R. Shah HUF |
|
16985 |
|
Mukesh M. Shah HUF |
|
23211 |
|
Prakash D. Kamat HUF |
|
22645 |
|
V D Mehta HUF |
|
5 |
|
R M Shah HUF |
|
51507 |
|
Total |
|
4829996 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
0.02 |
|
Directors
or relatives of directors |
|
99.96 |
|
Others |
|
0.02 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Seller of Speciality Chemicals, textile Auxiliaries for
Paints, Inks, Adhesives and Coatings, Plastic Additives, Fatty Acid Ester and
Food Additives. |
PRODUCTION STATUS AS ON (31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Fine Chemicals |
Tons |
N.A. |
25000 Phase I |
13334.73 |
|
|
|
|
5000 Phase II –
Line I |
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|
5000 Phase II –
Line II |
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GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Union Bank of India, Ghatkopar (East) Branch, Silver Court, 1st
Floor, M.G. Road, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
D B Shah and Associates Chartered Accountants |
|
Address : |
310, D S Trade Centre, Kirol Road Vidyavihar West Mumbai - 400086
Maharashtra India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACPS9152R |
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|
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Interest in
Companies or Firms under the same Management : |
|
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 51.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,829,996 |
Equity Share |
Rs.10/- each |
Rs. 48.300
Millions |
|
|
|
|
|
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,999,995 |
Equity Share |
Rs.10/- each |
Rs. 20.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
20.000 |
20.000 |
1.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
92.739 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
(66.778) |
(57.965) |
|
|
NETWORTH |
112.739 |
(46.778) |
(56.865) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
528.397 |
574.866 |
415.245 |
|
|
2] Unsecured Loans |
447.214 |
331.359 |
272.949 |
|
|
TOTAL BORROWING |
975.611 |
906.225 |
688.194 |
|
|
DEFERRED TAX LIABILITIES |
6.726 |
0.000 |
11.125 |
|
|
|
|
|
|
|
|
TOTAL |
1095.076 |
859.447 |
642.454 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
628.670 |
561.977 |
269.489 |
|
|
Capital work-in-progress |
0.200 |
0.000 |
224.793 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
220.842
|
159.660 |
140.660 |
|
|
Sundry Debtors |
215.433
|
109.558 |
81.432 |
|
|
Cash & Bank Balances |
213.696
|
34.159 |
6.244 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
156.100
|
96.674 |
85.415 |
|
Total
Current Assets |
806.071
|
400.051 |
313.751 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
231.664
|
80.022 |
147.386 |
|
|
Other Current Liabilities |
12.493
|
19.924 |
17.516 |
|
|
Provisions |
95.708
|
0.807 |
0.707 |
|
Total
Current Liabilities |
339.865
|
100.753 |
165.609 |
|
|
Net Current Assets |
466.206
|
299.298 |
148.142 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.172 |
0.030 |
|
|
|
|
|
|
|
|
TOTAL |
1095.076 |
859.447 |
642.454 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1593.781 |
1068.020 |
682.691 |
|
|
|
Other Income |
101.779 |
77.541 |
2.089 |
|
|
|
TOTAL (A) |
1695.560 |
1145.561 |
684.780 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cast of materials |
|
758.676 |
487.615 |
|
|
|
Manufacturing and Other Expenses |
|
203.654 |
155.982 |
|
|
|
Variation in stock |
|
5.419 |
(13.611) |
|
|
|
TOTAL (B) |
1435.123 |
967.749 |
629.986 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Financial and Depreciation) |
177.812 |
54.794 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
137.282 |
50.847 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION (C-D) (E) |
|
40.530 |
3.947 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
65.883 |
45.428 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
260.437 |
(25.353) |
(41.481) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
54.276 |
(16.540) |
(2.823) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
206.161 |
(8.813) |
(38.658) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(66.778) |
(57.965) |
(19.307) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
139.383 |
(66.778) |
(57.965) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
956.873 |
443.931 |
166.806 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
190.348 |
222.978 |
106.589 |
|
|
|
Laboratory |
1.550 |
0.000 |
0.000 |
|
|
|
Plant and Machinery |
3.141 |
6.177 |
0.000 |
|
|
TOTAL IMPORTS |
195.039 |
229.155 |
106.589 |
|
|
|
|
|
|
|
|
|
|
Earnings/
(Loss) Per Share (Rs.) |
103.08 |
(88.13) |
(35.14) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
12.16 |
(0.77) |
(5.65) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
16.34 |
(2.37) |
(6.08) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.15 |
(2.64) |
(7.11) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
2.31 |
(0.54) |
(0.73) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
11.67 |
21.53 |
15.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.37 |
3.97 |
1.89 |
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 |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24119MH2002PTC136003 |
|
Name of the
company |
FINE ORGANIC INDUSTRIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Fine House M G
Road, Ghatkoper (East), Mumbai - 400077, Maharashtra, India Email ID: co.secretaries@gmail.com
|
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10010471 |
|
Type of charge |
Immovable
Property Book Debts Movable Property |
|
Particular of
charge holder |
Union Bank of
India, Ghatkopar (East) Branch, Silver Court, 1st Floor, M. G. Road, Ghatkopar (East), Mumbai - 400077 Maharashtra India Email ID: cbsghatkopar@unionbankofindia.com
|
|
Nature of description
of the instrument creating or modifying the charge |
(1) Supplementary
agreement to hypothecation agreement [sd-06(s)], (2) Extension of
memorandum of equitable mortgage by deposit of title deeds. |
|
Date of
instrument Creating the charge |
05.10.2011 |
|
Amount secured by
the charge |
Rs. 30.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per bank's norms
or at such other revised rate/ s as may be prescribed by the bank from time
to time. Terms of Repayment On demand. Margin As per the
sanction terms. Extent and Operation of the charge To secure the
import / inland letter of credit limit of Rs. 30.000 Millions sanctioned by
the bank to the company. |
|
Short particulars
of the property charged |
(1)Hypothecated
Goods, Stocks of Raw Materials, Semi Finished and Finished Goods, Present
& Future Book Debts and Other Assets As Per Original Hypothecation Deed
For Company's Unit No. N2,Additional Industrial Area Ambernath, Jambivali, Ulhasnagar, Thane,
Maharashtra, India. (2) Extension of
equitable mortgage in favour of the bank in respect of the company's
immovable property At Unit N2, Additional Industrial Area, Ambernath,
Jambivali, Ulhasnagar, Thane, Maharashtra, India. |
|
Date of latest
modification prior to the present modification |
11.08.2006 |
|
Particulars of
the present modification |
As per extention
of equitable mortgage and supplementary agreement to hypothecation agreement. |
FIXED ASSETS:
- Factory Land
- Factory Building
- Plant & Machinery -
- Mechanical
- Plant & Machinery
- Furniture & Fixture
- Automobiles
- Air-Conditioner
- Computer System
- Office Equipments
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. 53.91 |
|
|
1 |
Rs. 87.60 |
|
Euro |
1 |
Rs. 70.01 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
36 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.