MIRA
INFORM REPORT
|
Report Date : |
23.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
MELZER CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.132/2-3, Plot No.22, Gulmohar Park, ITI Road,
Aundh, Pune – 411 007, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.09.1994 |
|
|
|
|
Com. Reg. No.: |
11-081199 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24249PN1994PTC081199 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEM01541B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM4138M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Biocides and Speciality Chemicals. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 206000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Latest
financials are not available. As per previous year financials the company seems
to be performing well. Trade relations are reported as fair. Business is
active. Payment terms are unknown. The company can be considered for business dealings with some 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 PARTED BY
|
Name : |
Mr. Ganesh K. |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-20-41004822 |
|
Date : |
22.04.2013 |
LOCATIONS
|
Registered/ Head / Corporate/ Administrative
Office : |
Survey No.132/2-3, Plot No.22, Gulmohar Park, ITI Road,
Aundh, Pune – 411 007, Maharashtra, India |
|
Tel. No.: |
91-20-41004822/ 41004800 |
|
Fax No.: |
91-20-41004845/ 41004813 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.A-11 and A-11/B, MIDC, Kurkumbh, Taluka Daund, Pune – 413 105,
Maharashtra, India |
|
Tel. No.: |
91-2117-235104 |
|
|
|
|
Branch Office 1 : |
Pune 12, Vee
Nimbkar Society, 80/4 Baner Road, Aundh, Pune – 411 007, Maharashtra, India |
|
Tel. No.: |
91-20-25651230 |
|
Fax No.: |
91-20-25656530 |
|
Location : |
Owned |
|
|
|
|
Innovation Center/ Branch Office 2 : |
Mumbai 117, Punit
Chambers, Sector No.18, Vashi, Navi Mumbai – 400 705, Maharashtra, India |
|
Tel. No.: |
91-22-27871332 |
|
Fax No.: |
91-22-27889251 |
|
Location : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sunil Balkrishna Shinde |
|
Designation : |
Director |
|
Address : |
Flat No.5, Silver Birch Apartment, Lakaki Road, Model Colony, Pune –
411 016, Maharashtra, India |
|
Date of Birth/Age : |
02.05.1960 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
19.09.1994 |
|
DIN No.: |
01390147 |
|
|
|
|
Name : |
Mr. Satyajit Jitendra Nimbalkar |
|
Designation : |
Director |
|
Address : |
H-14 Shinde Gardens, S No.40A/1/1, Bopodi, Pune – 411 003,
Maharashtra, India |
|
Date of Birth/Age : |
18.06.1971 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
19.09.1994 |
|
DIN No.: |
01390191 |
|
|
|
|
Name : |
Dr. Prakash Purshottam Pathare |
|
Designation : |
Director |
|
Address : |
Leela Shraya, Ganesh Peth Lane, N.C. Kelkar Road, Dadar, Mumbai – 400
028, Maharashtra, India |
|
Date of Birth/Age : |
23.07.1948 |
|
Qualification : |
Ph.D. (IIT) |
|
Date of Appointment : |
01.03.2005 |
|
DIN No.: |
02578015 |
|
|
|
|
Name : |
Mr. Chandrasen Ramchandra Ghatge |
|
Designation : |
Director |
|
Address : |
Flat No.15, Vishaka Apartments, Kale Park, Baner Road, Someshwarwadi
Pashan, Pune – 411 045, Maharashtra, India |
|
Date of Birth/Age : |
09.11.1972 |
|
Date of Appointment : |
30.09.2004 |
|
DIN No.: |
02578039 |
|
|
|
|
Name : |
Mrs. Madhavi Sunil Shinde |
|
Designation : |
Director |
|
Address : |
Flat No.6, Silver Birch Apartment, Lakaki Road, Model Colony, Pune –
411 016, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1967 |
|
Date of Appointment : |
19.09.1994 |
|
DIN No.: |
02578807 |
KEY EXECUTIVES
|
Name : |
Prtajot Tungare and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
529/1, 2nd Floor, Shraddha Chambers, Near Ramakrishna Math,
Opposite Dandekar Bridge, Sinhagad Road, Pune – 411 030, Maharashtra, India |
|
Tel. No.: |
91-20-24336490/ 91 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Name : |
Mr. Ganesh K. |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Balkrishna Shinde |
|
340000 |
|
Satyajit Jitendra Nimbalkar |
|
225000 |
|
Sunil Balkrishna Shinde (HUF) |
|
210000 |
|
Chandrasen Ramchandra Ghatge |
|
225000 |
|
Total |
|
1000000 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Biocides and Speciality Chemicals. |
|
|
|
|
Exports : |
|
|
Products : |
Speciality Chemicals |
|
Countries : |
·
Middle East ·
China ·
Singapore |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
·
Singapore ·
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
70 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Bank of India, Khadki Branch, Pune – 411 003, Maharashtra, India · ICICI Bank Limited · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India · State Bank of India, Nhava Sheva Branch · State Bank of India, Kurkumbh Branch |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H.K. Shetty and Associates Chartered Accountants |
|
Address : |
Radhanagari Society, Flat No.3, Bhanu Patil Road, Bopodi, Pune – 411
020, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACHPS8839G |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 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 |
10.000 |
10.000 |
7.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
41.496 |
29.469 |
17.346 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
51.496 |
39.469 |
24.846 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
77.694 |
37.171 |
24.503 |
|
|
2] Unsecured Loans |
9.820 |
10.494 |
10.617 |
|
|
TOTAL BORROWING |
87.514 |
47.665 |
35.120 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
139.010 |
87.134 |
59.966 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
56.739 |
28.494 |
16.732 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
52.215
|
21.464 |
17.387 |
|
|
Sundry Debtors |
73.783
|
52.951 |
45.185 |
|
|
Cash & Bank Balances |
8.489
|
13.262 |
3.746 |
|
|
Other Current Assets |
8.910
|
3.348 |
6.050 |
|
|
Loans & Advances |
11.653
|
4.170 |
5.741 |
|
Total
Current Assets |
155.050
|
95.195 |
78.109 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
52.538 |
19.845 |
27.132 |
|
|
Other Current Liabilities |
3.163
|
1.449 |
1.928 |
|
|
Provisions |
17.078
|
15.261 |
5.815 |
|
Total
Current Liabilities |
72.779
|
36.555 |
34.875 |
|
|
Net Current Assets |
82.271
|
58.640 |
43.234 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
139.010 |
87.134 |
59.966 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
67.052 |
45.514 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
81.776 |
67.052 |
45.514 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
37.439 |
35.536 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
50.771 |
37.439 |
35.536 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
31.005 |
29.613 |
9.978 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.664 |
3.339 |
2.395 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
27.341 |
26.274 |
7.583 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.930 |
10.000 |
2.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
18.411 |
16.274 |
4.883 |
|
|
|
|
|
|
|
|
|
Less |
Income Tax Provision for previous year |
0.509 |
0.927 |
|
|
|
|
Dividend on shares |
5.000 |
2.500 |
0.000 |
|
|
|
Dividend Tax |
0.831 |
0.425 |
0.000 |
|
|
|
Adjustments for previous year |
0.044 |
0.298 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
OVER TO THE B/S |
12.027 |
12.124 |
4.883 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
46.094
|
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.41 |
16.27 |
NA |
|
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
|
330.300 |
238.500 |
|
|
|
|
|
The above information has been parted by Mr. Ganesh K. (Accounts
Department).
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
22.51
|
24.27 |
10.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.91
|
21.24 |
7.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.53
|
0.67 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.70
|
1.21 |
1.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.13
|
2.60 |
2.24 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors
for Expenses |
8.385 |
5.606 |
6.611 |
|
Sundry Creditors
for Import |
23.815 |
5.175 |
7.485 |
|
Sundry Creditors
for Raw Material |
20.338 |
9.064 |
13.036 |
|
Total |
52.538 |
19.845 |
27.132 |
|
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 five 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 |
Yes |
|
20) Export / Import details (if
applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter involved
in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
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 |
No |
|
34)
External Agency Rating, if available |
No |
|
Unsecured Loans |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
in Millions) |
|
From Group Concerns |
0.000 |
0.000 |
|
From Members and Directors |
0.000 |
0.674 |
|
Sales Tax Deferred Loan Account |
9.820 |
9.820 |
|
Total
|
9.820 |
10.494 |
FINANCIAL
POSITION:
The Company achieved
during the year 2010-2011. Highlights of the expansions and important events
during the year are given as below:
·
Assets grew by 99.13 per cent from Rs.28.494
millions on 31st March, 2010 to Rs.56.739 millions on 31st
March, 2011.
·
Total Income grew by more than 21 per cent from
Rs.67.100 millions on 31st March, 2010 to Rs.81.800 millions on 31st
March, 2011.
·
Profit Before Tax (PBT) grew by more than 4 per
cent from Rs.26.274 millions on 31st March, 2010 to Rs.27.341
millions on 31st March, 2011.
·
Profit After Tax (PAT) grew by more than 13 per
cent from Rs.16.274 millions on 31st March, 2010 to Rs.18.411
millions on 31st March, 2011.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U24249PN1994PTC081199 |
|
Name of the company |
MELZER CHEMICALS PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Survey No.132/2-3, Plot No.22, Gulmohar Park, ITI Road,
Aundh, Pune – 411 007, Maharashtra, India E-Mail: account@melzerspeciality.com |
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
10320783 |
|
Type of charge |
Book Debts Movable Property (not being pledge) Floating Charge |
|
Particular of charge holder |
CIN No.: L65920MH1994PLC080618 HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India E-Mail: RBBform8@hdfcbank.com |
|
Nature of description of the instrument
creating or modifying the charge |
Supplementary Letter of Hypothecation. |
|
Date of instrument Creating the charge |
19.12.2012 |
|
Amount secured by the charge |
Rs.135.713 millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest: Interest at the rate as may be
communicated by the Bank from time to time. Terms of Repayment: Working Capital facility shall be
repayable on demand. Term Loan facility shall be repayable in
suitable installments. Margin: As may be stipulated by the Bank from time
to time. Extent and Operation of the charge: Hypothecation by way of First Charge on
Company's Stocks, Book Debts, Plant and Machinery and Vehicles to secure as a
continuing security as mentioned for the repayment of Rs.135.713 millions
together with interest, costs, charges, expenses and other moneys due and
payable by the Company to the Bank. |
|
Short particulars of the property charged |
Stock-in-trade, consisting of raw
materials, goods in process of manufacturing finished goods, and other
merchandise whatsoever being movable properties All the debts, that is, all the book
debts, outstandings, monies receivables, claims, bills, invoice documents, contracts,
guarantees, and rights The movable plant and machinery and
vehicles, which may now or at any time hereafter belong to the Borrower or
come to the Borrowers disposal |
|
Date of latest modification prior to the
present modification |
28.12.2011 |
|
Particulars of the present
modification |
The Charge shall now stand increased from Rs.126.946
millions to Rs.135.713 millions against the security of Stocks, Book Debts,
Plant and Machinery and Vehicles of the Company. |
fixed assets:
· Land
· Factory Building
· Office Building
· Machinery
· Electrical Installation
· Furniture and Fixtures
· Office Equipment
· Computers
· Vehicles
· Kurkumbh – WIP
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.54.17 |
|
|
1 |
Rs.82.45 |
|
Euro |
1 |
Rs.70.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.