MIRA
INFORM REPORT
|
Report Date : |
23.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
GARGI HUTTENES ALBERTUS PRIVATE LIMITED (w.e.f. 01.07.1997) |
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|
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Formerly Known
As : |
GARGI HUTTENES ALBERTUS LIMITED |
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Registered
Office : |
203, Vasant Vihar Complex, Next to Basant Cinema, Dr. C. Gidwani Road,
Mumbai – 400074, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
07.03.1988 |
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Com. Reg. No.: |
11-046413 |
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Capital
Investment / Paid-up Capital : |
Rs.97.000 Millions |
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|
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CIN No.: [Company Identification
No.] |
U74999MH1988PTC046413 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG08652A |
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PAN No.: [Permanent Account No.] |
AAACG3997K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers of Foundry Chemicals and Fluxes. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 1900000 |
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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 a moderate track record. Latest
financials are not available. Previous year profit and loss statement is also
not available. As per available financials, we found that the company’s
financial position is normal. Trade relations are reported as fair. Business
is active. In absence of latest financials, payment terms are unknown. The company can be considered for business dealings 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.
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 DECLINED BY
|
Name : |
Mr. Santosh |
|
Designation : |
Senior Export Manager |
|
Contact No.: |
91-22-25201597 |
|
Date : |
22.04.2013 |
LOCATIONS
|
Registered Office : |
203, Vasant Vihar Complex, Next to Basant Cinema, Dr. C. Gidwani Road,
Mumbai – 400074, Maharashtra, India |
|
Tel. No.: |
91-22-25201596 / 97 / 25201396 / 97 |
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Fax No.: |
91-22-25202706/ 3080 |
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E-Mail : |
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Website : |
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Factory : |
Plot No.D-360/361, M.I.D.C., TTC Industrial Area, District
Navi Mumbai– 400706, Maharashtra, India |
DIRECTORS
AS ON 30.06.2012
|
Name : |
Mr. Vinod Vishwamitra Kapur |
|
Designation : |
Chairman cum
Managing Director |
|
Address : |
18, Union Park,
Chembur, Mumbai - 400071, Maharashtra, India |
|
Date of Birth/Age : |
26.10.1943 |
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Qualification : |
B.Sc. |
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Date of Appointment : |
07.03.1988 |
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Voter ID No.: |
MT07047505690 |
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DIN No.: |
00474054 |
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|
|
|
Name : |
Mr. Vicky Vishwamitra Kapur |
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Designation : |
Managing Director |
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Address : |
18, Union Park,
Chembur, Mumbai - 400071, Maharashtra, India |
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Date of Birth/Age : |
30.10.1952 |
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Qualification : |
B.Sc. |
|
Date of Appointment : |
07.03.1988 |
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Voter ID No.: |
MT07047505748 |
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DIN No.: |
00474210 |
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|
|
|
Name : |
Mr. Gaurav Vinod
Kapur |
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Designation : |
Whole Time
Director |
|
Address : |
18, Union Park, Trombay
Road, Chembur, Mumbai – 400 071, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1979 |
|
Date of Appointment : |
01.11.2008 |
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Voter ID No.: |
XYP1143312 |
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DIN No.: |
00034397 |
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|
|
|
Name : |
Mr. Klaus Hermann
Georg Pampel |
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Designation : |
Director |
|
Address : |
Stratumer, Strabe
72, Meerbusch-40668, Germany |
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Date of Birth/Age : |
19.10.1949 |
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Qualification : |
B.Sc. |
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Date of Appointment : |
14.02.2005 |
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DIN No.: |
01762246 |
KEY EXECUTIVES
|
Name : |
Ms. Shruti Pushkaraj Phule |
|
Designation : |
Secretary |
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Date of Appointment : |
12.03.2012 |
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PAN No.: |
BPLPP6052C |
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|
|
Name : |
Mr. Santosh |
|
Designation : |
Senior Export Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2012
|
Names of Shareholders |
No. of Shares |
|
Huttenes Albertus Chemische Werke Gmbh, Germany |
388000 |
|
Vinod Kapur Jointly with Uma Chopra |
1 |
|
Vinod Kapur Jointly with Sabita Pal |
2 |
|
Vinod Kapur Jointly with Prem Chopra |
1 |
|
Vinod Kapur Jointly with Rajkumar Kedia HUF |
1 |
|
Vinod Kapur Jointly with Anjali Kedia |
2 |
|
Vinod Kapur Jointly with J P Ahluwalia, Hemalata Kamani |
1 |
|
Vinod Kapur Jointly with Hardevi Mehra, Sangeeta Mehra,
Suresh Mehra |
1 |
|
Vinod Kapur Jointly with Madhuri Mehra |
1 |
|
Vinod Kapur Jointly with Anjana Gurbaxani |
2 |
|
Vinod Kapur |
154774 |
|
Vicky Kapur Jointly with Khosla Inds |
1 |
|
Vicky Kapur Jointly with Vibha Kapur |
1 |
|
Vicky Kapur |
1 |
|
Vicky Kapur |
1 |
|
Vicky Kapur Jointly with Margret Kedia, Rajkumar Kedia |
1 |
|
Vicky Kapur Jointly with Bina Ray |
1 |
|
Vicky Kapur Jointly with Anisha Kapur |
1 |
|
Vicky Kapur Jointly with Anita Paul |
1 |
|
Vicky Kapur |
1 |
|
Vicky Kapur |
1 |
|
Vicky Kapur |
154776 |
|
Gargi Holdings Private Limited, India |
750 |
|
Vishwqamitra Kapur HUF – Karta Vinod Kapur |
18178 |
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Vinod Kapur HUF |
88000 |
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Vicky Kapur HUF |
88000 |
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Gaurav V. Kapur Jointly with Vinod Kapur and Geeta V. Kapur |
38750 |
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Varun V. Kapur Jointly with Namita V. Kapur |
38750 |
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TOTAL
|
970000 |
AS ON 30.06.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
40.00 |
|
Directors or relatives of Directors |
60.00 |
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TOTAL |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Foundry Chemicals and Fluxes. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
100 (Approximately) |
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Bankers : |
·
Citi Bank N. A., Trent House, 2nd
Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai -
400 051, Maharashtra, India ·
The Cosmos Co-Operative Bank Limited, Chembur Branch,
Richmonds Heights, Plot No.239, Centre Avenue Road, Chembur, Mumbai – 400
071, Maharashtra, India · Development Credit Bank Limited, Vashi Branch, Mumbai – 400703, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
J.V. Sanghvi and Company Chartered Accountants |
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Address : |
Office No.1, Namrata – A, |
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Tel No.: |
91-22-32449541 |
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PAN No.: |
AAGPS0434E |
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Collaborators : |
·
Huttenes Albertus Chemische Werke Gmbh |
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Associates: |
· Gargi Industries · Gargi Holding Private Limited · Gargi Impex Corporation · Gargi Steel Chem Private Limited · Gargi Engg Enterprise Private Limited · Gaurav Infrabuild Private Limited · Gargi Magna Steelchem Private Limited · Gargi Crystal Steelchem Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
970000 |
Equity Shares |
Rs.100/- each |
Rs.97.000
Millions |
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|
NOTE: Includes 760000 shares, which have been
allotted as Bonus Shares in the Past years.
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 |
97.000 |
97.000 |
97.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
387.999 |
290.969 |
273.700 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
484.999 |
387.969 |
370.700 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
171.337 |
64.505 |
75.459 |
|
|
2] Unsecured Loans |
101.623 |
102.673 |
49.599 |
|
|
TOTAL BORROWING |
272.960 |
167.178 |
125.058 |
|
|
DEFERRED TAX LIABILITIES |
4.043 |
4.104 |
1.937 |
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|
|
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|
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TOTAL |
762.002 |
559.251 |
497.695 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
210.390 |
187.515 |
176.181 |
|
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Capital work-in-progress |
17.887 |
4.855 |
2.245 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.216 |
5.166 |
5.166 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
139.474
|
96.929
|
60.287
|
|
|
Sundry Debtors |
753.976
|
491.856
|
386.098
|
|
|
Cash & Bank Balances |
33.643
|
10.351
|
30.273
|
|
|
Other Current Assets |
36.990 |
31.291
|
0.000
|
|
|
Loans & Advances |
3.251
|
2.601
|
19.659
|
|
Total
Current Assets |
967.334
|
633.028
|
496.317
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
386.295
|
245.051
|
149.449 |
|
|
Other Current Liabilities |
2.019
|
0.840
|
0.816
|
|
|
Provisions |
50.511
|
25.422
|
31.949
|
|
Total
Current Liabilities |
438.825
|
271.313
|
182.214
|
|
|
Net Current Assets |
528.509
|
361.715
|
314.103
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
762.002 |
559.251 |
497.695 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1681.656 |
1635.191 |
|
|
|
Other Income |
|
2.694 |
0.913 |
|
|
|
TOTAL (A) |
|
1684.350
|
1636.104
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials Consumed |
|
1392.737 |
1362.922 |
|
|
|
Manufacturing Expenses |
|
47.900 |
40.567 |
|
|
|
Other Expenses |
|
106.244 |
106.967 |
|
|
|
TOTAL (B) |
|
1546.881
|
1510.456
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
Not Available |
137.469 |
125.648 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
16.018 |
24.690 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
121.451 |
100.958 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
15.602 |
13.841 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
105.849 |
87.117 |
|
|
|
|
|
|
|
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|
Less |
TAX (H) |
|
36.603 |
31.048 |
|
|
|
|
|
|
|
|
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|
PROFIT AFTER TAX
(G-H) (I) |
|
69.246 |
56.069 |
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
69.999 |
73.506 |
|
|
|
|
|
|
|
|
|
Less/ Add |
Prior
Year Adjustments |
Not Available |
0.148 |
0.059 |
|
|
|
|
|
|
|
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|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
29.100 |
9.700 |
|
|
|
Dividend |
|
44.620 |
42.681 |
|
|
|
Tax on Dividend |
|
7.504 |
7.254 |
|
|
BALANCE CARRIED
TO THE B/S |
|
58.169 |
69.999 |
|
|
|
|
|
|
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
84.797 |
105.666 |
|
|
|
Dividend |
|
1.425 |
0.000 |
|
|
TOTAL EARNINGS |
155.779 |
86.222 |
105.666 |
|
|
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
229.750 |
264.289 |
|
|
TOTAL IMPORTS |
NA |
229.750 |
264.289 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
157.80 |
71.54 |
57.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
4.11
|
3.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
6.29
|
5.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
12.90
|
12.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.27
|
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.56
|
0.43
|
0.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.20 |
2.33
|
1.00 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two 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) |
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 |
No |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
|
UNSECURED LOAN |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
Loans directors unsecured |
21.722 |
53.704 |
|
Other debt unsecured |
79.901 |
48.969 |
|
|
|
|
|
TOTAL |
101.623 |
102.673 |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
Creditors due small micro enterprises |
0.000 |
0.000 |
0.000 |
|
Creditors due others |
386.295
|
245.051
|
149.449 |
|
TOTAL |
386.295
|
245.051
|
149.449 |
CONTINGENT LIABILITIES NOT PROVIDED
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
In respect of: |
|
|
|
|
A] Letter of Credit |
5.075 |
38.130 |
14.136 |
|
B] Bank Guarantee |
35.032 |
0.032 |
19.032 |
|
C] Commitment on Capital Expenditure |
0.732 |
1.595 |
0.565 |
FORM 8
|
Corporate
identity number of the company |
U74999MH1988PTC046413 |
|
Name of the
company |
GARGI HUTTENES ALBERTUS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
203 Vasant Vihar Complex, Next to Basant Cinema, Dr C Gidwani Road, Mumbai – 400074, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10029214 |
|
Type of charge |
·
Book
debts ·
Others |
|
Particular of
charge holder |
Citi Bank N. A., Trent House, 2nd Floor, G Block, Plot No.C60,
Bandra Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra, India |
|
Nature of
instrument creating charge |
Deed of
modification for Goods Security Agreement. |
|
Date of
instrument Creating the charge |
28.09.2012 |
|
Amount secured by
the charge |
Rs. 120.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As per sanction
terms and as may be decided by the bank and company mutually from time to
time. Terms of repayment Repayable on
demand, annually renewable. Margin Borrower shall at
all times during the continuance of the security maintain a sufficient amount
to provide the margin of security as may from time to time advised by the
bank. Extent and operation of the charge First pari-passu
charge on the current assets (including stocks and book debts) of the
borrower both present and future in favour of Citibank N.A Mumbai for the
repayment of all monies in respect the credit facility, including outstanding
balance and also all interest, costs, charges and expenses. |
|
Short particulars
of the property charged (Including location of the property) |
Current assets
(including stocks and book debts) of the borrower both present and future |
|
Date of instrument
modifying the charge |
08.03.2011 |
|
Particulars of
the present modification |
By this
modification the overall limit is enhanced from Rs. 90.000 Millions to Rs.
120.000 Millions and the charge is secured by First pari-passu charge on the
current assets (including stocks and book debts) of the borrower both present
and future. |
FIXED ASSETS
·
Land
·
Factory Building
·
Office Premises
·
Staff Quarters
·
Building
·
Trade Mark
·
Plant and Machinery
·
Electrical Installation
·
Furniture and Fixtures
·
Motor Cars
·
Delivery Vans
·
Office Equipments
·
Office Equipments
·
Computers
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. 54.16 |
|
|
1 |
Rs. 82.45 |
|
Euro |
1 |
Rs. 70.70 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.