MIRA INFORM REPORT
|
Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
PMC RUBBER CHEMICALS INDIA PRIVATE LIMITED |
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Registered
Office : |
103, G.T. Road (West), P.S. Rishra. Dist – Hoogly – 712248, West
Bengal |
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Country : |
India |
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Financials (as
on) : |
31.12.2011 |
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Date of
Incorporation : |
23.11.2005 |
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Com. Reg. No.: |
21-106272 |
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Capital
Investment / Paid-up Capital : |
Rs.30.220
Millions |
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|
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CIN No.: [Company Identification
No.] |
U24299WB2005PTC106272 |
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IEC No.: |
0205028781 |
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PAN No.: [Permanent Account No.] |
AADCP7639J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Sales of Rubber Chemicals and alike products. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1300000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record.
There appears slight dip in profitability during 2011. However, general financial position is strong. Trade relations are
reported to be fair. Business is active. Payment are reported to be usually
correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BBB |
|
Rating Explanation |
ICRA has upended its rating due to lack of information |
|
Date |
April 2013 |
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/ Factory : |
103, |
|
Tel. No.: |
91-33-26722515/ 26724734/ 26724737/ 26723863 |
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Fax No.: |
91-33-26721552 |
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E-Mail : |
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Website : |
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Warehouse/Godown : |
15, |
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Location : |
Rented |
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Sales Office : |
Flat No.4, 1st Floor, Sagar Apartments, BN 437, Balram
Nagar, Safilguda, Railway Station, Secunderabad – 500 047, |
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Tel No.: |
91-40-27223088 |
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|
91-9346434597 |
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Email : |
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Location : |
Rented |
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Corporate Office
: |
Flat No.8, 3rd Floor, Vijay Deluxe Apartment, 7 1st
Main Road, CIT Colony, |
|
Tel No.: |
91-44-24968392 |
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Fax No.: |
91-44-24988523 |
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|
91-9346434597 |
DIRECTORS
As on 29.06.2012
|
Name : |
Dr. Paritosh Mohan Chakraborty |
|
Designation : |
Director |
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Address : |
710 Yorktown Lane, Moorestown, New Jersey - 08054, USA |
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Date of Birth/Age : |
01.04.1946 |
|
Date of Appointment : |
28.12.2005 |
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DIN No.: |
00819204 |
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|
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Name : |
Mr. Christian C.H.M. Reuland |
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Designation : |
Director |
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Address : |
1A, Chemin Landaise 7501-ORCQ, |
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Date of Birth/Age : |
27.10.1950 |
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Date of Appointment : |
28.12.2005 |
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DIN No.: |
01206701 |
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Name : |
Mr. Subir Kumar Sen |
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Designation : |
Managing Director |
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Address : |
Flat 3B, 3rd Floor, Mohan Block, Doshisymphny 129 Velachary,
Tambram Road, Chennai – 600 100, Tamilnadu, India |
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Date of Birth/Age : |
27.07.1956 |
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Date of Appointment : |
11.12.2006 |
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DIN No.: |
01166134 |
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|
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Name : |
Mr. Rajaram R M |
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Designation : |
Director |
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Address : |
C-12/9, DLF City, Phase-1, Gurgaon – 122 002, Haryana, India |
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Date of Birth/Age : |
15.03.1946 |
|
Date of Appointment : |
22.12.2005 |
|
DIN No.: |
00161064 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.06.2012
|
Names of Shareholders |
No. of Shares |
|
PMC France SARL, France |
2022015 |
|
PMC Chemicals India Private Limited, |
1000000 |
|
Total |
3022015 |
Equity Share Break up (Percentage of Total Equity)
As on 29.06.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
66.91 |
|
Bodies corporate |
33.09 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Sales of Rubber Chemicals and alike products. |
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Products : |
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PRODUCTION STATUS (31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production mean for sale |
|
Rubber Chemicals and DPA |
Kgs |
8600000 |
5627509 |
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Notes:
v
Production meant for sale is after adjustment of
shortages, handling losses and quantity internally consumed and includes
quantity manufactured by third parties on behalf of the company.
v
Installed capacity is as certified by the
management.
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
A.R. Das and Associates Chartered Accountants |
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Address : |
1,2 & 3, Woodburn Court, Woodburn Road, Kolkata – 700020, West
Bengal, India |
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PAN No.: |
AADFA8553H |
CAPITAL STRUCTURE
As on 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 millions |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3022015 |
Equity Shares |
Rs.10/- each |
Rs.30.220
millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
30.220 |
30.220 |
30.220 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
315.924 |
306.088 |
346.451 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
346.144 |
336.308 |
376.671 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
307.616 |
190.410 |
106.298 |
|
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2] Unsecured Loans |
59.850 |
59.850 |
59.850 |
|
|
TOTAL BORROWING |
367.466 |
250.260 |
166.148 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
713.610 |
586.568 |
542.819 |
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|
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APPLICATION OF FUNDS |
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|
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|
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FIXED ASSETS [Net Block] |
190.413 |
179.747 |
254.159 |
|
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Capital work-in-progress |
64.220 |
47.075 |
16.915 |
|
|
|
|
|
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|
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INVESTMENT |
5.445 |
5.445 |
5.445 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
2.065 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
316.052
|
242.335 |
210.106
|
|
|
Sundry Debtors |
290.821
|
257.079 |
275.034
|
|
|
Cash & Bank Balances |
42.238
|
42.625 |
36.487
|
|
|
Other Current Assets |
6.638
|
6.422 |
0.000
|
|
|
Loans & Advances |
90.628
|
79.948 |
44.363
|
|
Total
Current Assets |
746.377
|
628.409 |
565.990 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
154.932
|
109.023 |
175.094
|
|
|
Other Current Liabilities |
106.462
|
128.191 |
111.624
|
|
|
Provisions |
31.451
|
36.894 |
15.037
|
|
Total
Current Liabilities |
292.845
|
274.108 |
301.755 |
|
|
Net Current Assets |
453.532
|
354.301 |
264.235 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
713.610 |
586.568 |
542.819 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
1134.197 |
1002.268 |
|
|
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Other Income |
NA |
15.969 |
10.867 |
|
|
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TOTAL |
NA |
1150.166 |
1013.135 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
|
|
|
|
|
Administrative Expenses |
NA |
|
|
|
|
|
Advertising Expenses |
NA |
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|
|
|
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TOTAL |
NA |
1103.903 |
967.465 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
24.921 |
46.263 |
45.670 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.678 |
17.144 |
15.177 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
17.243 |
29.119 |
30.493 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
18.160 |
29.041 |
10.102 |
|
|
Add |
Proposed Dividend |
0.000 |
0.000 |
3.022 |
|
|
Add |
Tax on Dividend |
0.000 |
0.000 |
0.514 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
40.000 |
15.000 |
|
|
BALANCE CARRIED
TO THE B/S |
35.403 |
18.160 |
29.041 |
|
|
|
|
|
|
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
41.539 |
35.822 |
36.482 |
|
|
TOTAL EARNINGS |
41.539 |
35.822 |
36.482 |
|
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials (including purchase of finished goods) |
616.779 |
518.931 |
417.916 |
|
|
TOTAL IMPORTS |
616.779 |
518.931 |
417.916 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.71 |
9.64 |
10.09 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
NA
|
2.53 |
3.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
4.08 |
4.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.34
|
7.36 |
8.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.14 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.06
|
0.74 |
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.55
|
2.29 |
1.88 |
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
two 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 |
No |
|
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 |
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 |
Yes |
|
Unsecured Loan |
31.12.2011 (Rs.
in Millions) |
31.12.2010 (Rs.
in Millions) |
|
Partly convertible debentures unsecured |
59.850 |
59.850 |
|
Total |
59.850 |
59.850 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U24299WB2005PTC106272 |
|
Name of the company |
PMC RUBBER CHEMICALS INDIA PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
103, G.T. Road (West), P.S. Rishra, District Hooghly, Hooghly – 712
248, West Bengal, India |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10167713 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Floating charge Others |
|
Particular of charge holder |
State Bank of India, SME Branch, Howrah, 9, G.T. Road (South), Howrah
– 711101, West Bengal, India |
|
Nature of instrument creating charge |
Supplemental Agreement of Hypothecation of Goods and Assets for
Increase in the Overall Limit - (Form-C.2-A). Letter regarding the grant of Individual Limits within the Overall
Limit - (Form-C.5). Memorandum of Deposit for Creation of further Charge for Term
Loan/Overall Limit where the Initial Charge is Created by way of Mortgage by
Deposit of Title Deeds - (Form-C.10). |
|
Date of instrument Creating the charge |
22.03.2012 |
|
Amount secured by the charge |
Rs.460.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Cash Credit: At 2.90% above Base Rate. Terms of Repayment Working Capital Limit is repayable on demand. Margin As stipulated by the Bank for the respective assets from time to time. Raw Materials : 25%, Stock-in-process : 25%, Finished Goods : 25%, Letter of Credit : 20%, Book Debts/receivables (120 days) : 30% and Bank Guarantee: 20%. Extent and Operation of the charge The charge operates as first charge basis on the whole of the
hypothecated current assets and moveable fixed assets, both present and
future and mortgaged properties of the Company as mentioned in Column No.15
to secure the maximum amount under the said charge fixed at Rs.46,00,00,000/-
together with interests, costs and charges thereon. Others The Borrower shall not do or allow anything which may prejudice the
security and shall comply with the terms and conditions of the Agreements. All other terms and conditions continue to remain as before in full
force and effect. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
First charge by way hypothecation on the entire stocks of inventory,
receivables, bills and other chargeable current assets of the Company, both
present and future. Hypothecation of all moveable plant and machinery and other
miscellaneous fixed assets. All the piece and parcel of Rayata Swattiya land measuring 7.720 acres
along with structures/sheds erected thereupon and situated in Mouza Konnagar,
J.L. No.7, Touji No.3876, 989 and 304 B1 Howrah, Revenue Survey No.1759, being Holding No.19/A, J.N. Sarani, Ward No.4
under Konnagar Municipality area and Holding No.6, N.S. Road, Ward No.2 under
Konnagar Municipality area, P.S. Uttarpara, District Hooghly, registered at ADSR Office Serampore under Deed No.I-06542/07. All the piece and parcel of Rayata Swattiya land measuring 30.051
along with structures/sheds erected thereupon and situated in Mouza Rishra,
J.L. No.27, Touji No.3876, 3989 and 28 B2, Revenue Survey No.1757, being holding No.19, S.C. Bose Lane under Ward No.14 under
Rishra Municipality area and Holding No.103, G.T. Road (West) Ward No.15
under Rishra Municipality area under P.S. Serampore (New Rishra) District Hooghly, registered at ADSR Office Serampore
under Deed No.I-6543/07. |
|
Date of instrument modifying the charge |
05.10.2010 |
|
Particulars of the present modification |
By this modification, the overall limit is enhanced from Rs.305.000
Millions to Rs.460.000 Millions as stated under and charge on hypothecated
current assets, moveable fixed assets and mortgaged properties of the Company
situated at Mouza Konnagar and Rishra extended to secure the enhanced overall
limit together with interest, costs and charges thereon: CC:Rs.300.000 Millions LC:Rs.150.000 Millions BG:Rs.10.000 Millions (interchangeability from CC to LC to the extent of 50% of CC and from
LC to CC to the extent of 25% of LC) |
FIXED ASSETS:
- Freehold Land
- Buildings
- Plant and Machinery
- Motor Car
- Furniture, Fittings and Equipment
- Computer
WEBSITE DETAILS
PROFILE
PMC Group, a large US based multinational company, launched its first manufacturing base in India by acquiring ICI’s state of the art Rubber Chemicals manufacturing site in Rishra, near Kolkata during end December 2005. With this PMC Group is poised to be the market leader with the most and comprehensive range of rubber chemicals covering Accelerators, Antioxidants, Antiozonants, Retarders and Peptisers with user friendly trade marks Accicure, Accinox, Accitard and Accimel which are top-of-mind within the Rubber Goods Industry both home and abroad.
Within this short period of takeover since then, PMC Group has an unprecedented record of product developments and innovations through its Research and Development activities with its vision committed to service and innovation. Innovation in every area of business from product technology to service offering being the
hallmark, high quality products and services delivering superior performance sets PMC Group apart from the competition as corporate culture driving innovation starts from the root of market needs.
PMC is widely acknowledged in the market place for its superior technical service support through a team of experienced and highly qualified professionals. This activity is an integral aspect of the business’s market focused strategy of supplying products of international quality and satisfying customer needs promptly and satisfactorily.
PMC Group believe that manufacturing excellence and responsibility in these areas maximizes the value of the company to its employees, communities, customers and shareholders.
PMC Group is committed to providing comprehensive care to the environment it operates in, including its customers and business associates. Worldwide PMC Group has been an industry leader in the areas of Safety, Health and Environment (SHE) and regularly conducts its product stewardship programmes to ensure the safety of the environment in the life-cycle of the product, from manufacture to disposal after use.
PMC Group is widely known for its participation in the rubber industry and look forward to serving the needs of their customers. For technical or application related enquiries, it gets in touch with all through its various offices in the country.
PMC Group, needless to mention, is an ISO 9001-2000 and ISO 14001-2004 company for rendering world class services to the industry.
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 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.54.27 |
|
|
1 |
Rs.84.23 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.