1. Summary Information
|
|
|
Country |
India |
|
Company Name |
INFINITY INDUSTRIES PRIVATE LIMITED |
Principal Name 1 |
Mr. Lakhamshi Jethalal Gala |
|
Status |
Moderate |
Principal Name 2 |
Mr. Bhavesh Lakhamshi Gala |
|
|
|
Registration # |
11-131865 |
|
Street Address |
Haroon House,
1st Floor, 294, Perin Nariman Street, RBI Fort, Mumbai – 400001, Maharashtra,
India |
||
|
Established Date |
04.05.2001 |
SIC Code |
-- |
|
Telephone# |
91-22-40462288 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-40462277 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Publishing Paper |
|
|
# of employees |
Not Available |
Product Name 2 |
Pre Gum Sheets |
|
Paid up capital |
Rs.150,000,000/- |
Product Name 3 |
Print Supplies |
|
Shareholders |
Bodies corporate - 9.78% Directors or relatives of Directors - 90.22% |
Banking |
ICICI Bank |
|
Public Limited Corp. |
NO |
Business Period |
12 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (34) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
236,812,000 |
Current Liabilities |
245,544,000 |
|
Inventories |
329,778,000 |
Long-term Liabilities |
404,919,000 |
|
Fixed Assets |
270,261,000 |
Other Liabilities |
16,471,000 |
|
Deferred Assets |
00,000 |
Total Liabilities |
666,934,000 |
|
Invest& other Assets |
36,727,000 |
Retained Earnings |
56,644,000 |
|
|
|
Net Worth |
206,644,000 |
|
Total Assets |
873,578,000 |
Total Liab. & Equity |
873,578,000 |
|
Total Assets (Previous Year) |
749,789,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
17,207,000 |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
16,423,000 |
MIRA
INFORM REPORT
|
Report Date : |
05.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
INFINITY INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Haroon House, 1st Floor, 294, Perin Nariman Street,
Opposite RBI Fort, Mumbai – 400 001, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.05.2001 |
|
|
|
|
Com. Reg. No.: |
11-131865 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 150.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21015MH2001PTC131865 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMI04028D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI8002P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Supplier of Paper. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 826000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Reserves appear to be low. However, trade relations are reported as
fair. Business is active. Payment terms are reported as slow but correct. 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.
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 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
A4 (Letter of Credit) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
31st March, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
BB (Cash Credit) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
31st March, 2012 |
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 : |
Haroon House, 1st Floor, 294, Perin Nariman Street,
Opposite RBI Fort, Mumbai – 400 001, Maharashtra, India |
|
Tel. No.: |
91-22-40462288 / 22672288 |
|
Fax No.: |
91-22-40462277 / 22672277 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Next to All Saints High School, Pissa Dam Road, Off Mumbai
Nasik Highway, Near BMC Water Filtration Plant, Village: Bhavale, Taluka:
Bhiwandi, District: Thane, Maharashtra, India |
|
Tel. No.: |
91-2522-302288 |
|
|
|
|
Branch Offices : |
Located at ·
Delhi ·
Ahmedabad ·
Chennai |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Lakhamshi Jethalal Gala |
|
Designation : |
Director |
|
Address : |
23, Central Building, Chowpatty Sea Face, Mumbai - 400 006,
Maharashtra, India |
|
Date of Birth/Age : |
10.03.1956 |
|
Date of Appointment : |
04.05.2001 |
|
DIN No.: |
00064710 |
|
PAN No.: |
AACPG4775A |
|
|
|
|
Name : |
Mr. Bhavesh Lakhamshi Gala |
|
Designation : |
Director |
|
Address : |
23, Central Building, Chowpatty Sea Face, Mumbai - 400 006,
Maharashtra, India |
|
Date of Birth/Age : |
22.03.1979 |
|
Date of Appointment : |
04.05.2001 |
|
DIN No.: |
00064870 |
|
PAN No.: |
AEJPG3968C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
L. J. Gala – HUF Jointly with Sushila L. Gala |
|
4,002,600 |
|
Lakhamshi J. Gala Jointly with Sushila L. Gala |
|
4,744,600 |
|
Bhavesh L. Gala Jointly with Beena B. Gala |
|
1,884,200 |
|
Sushilaben L. Gala Jointly with Lakhamshi J. Gala |
|
714,000 |
|
Beena B. Gala Jointly with Bhavesh L. Gala |
|
263,000 |
|
Bhavesh L. Gala-HUF Jointly with Lakhamshi J. Gala |
|
1,804,000 |
|
Outlook Impex (India) Private Limited, India |
|
1,467,600 |
|
Parul Jiten Shah |
|
120,000 |
|
|
|
|
|
Total |
|
15,000,000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
9.78 |
|
Directors or relatives of Directors |
90.22 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Supplier of Paper. |
|
|
|
|
Products : |
·
Coated Paper and Board ·
Uncoated Woodfree Paper ·
Packaging Boards ·
Fine Papers ·
Publishing Paper ·
Pre Gum Sheets ·
Print Supplies |
GENERAL INFORMATION
|
Customers : |
·
Unilever ·
Outlook ·
India Today ·
Staples Stationery ·
Thompson Press |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Union Bank of India, Bazargate Street Branch,
266, Perin Nariman Street, Fort, Mumbai – 400 001, Maharashtra, India ·
lClCl Bank |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M K Doshi and Associates Chartered Accountants |
|
Address : |
3rd Floor, Room No. 64, Poddar Chambers, Opposite Apporva Restaurant,
S A Baverly Road, Fort, Mumbai – 400 001, Maharashtra, India |
|
PAN No.: |
AAVFM1162E |
CAPITAL STRUCTURE
As on 29.09.2012
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
150.000 |
150.000 |
106.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
26.000 |
|
|
3] Reserves & Surplus |
56.644 |
39.437 |
23.014 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
206.644 |
189.437 |
155.014 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
302.683 |
251.528 |
226.590 |
|
|
2] Unsecured Loans |
102.236 |
75.563 |
49.531 |
|
|
TOTAL BORROWING |
404.919 |
327.091 |
276.121 |
|
|
DEFERRED TAX LIABILITIES |
16.471 |
12.663 |
8.208 |
|
|
|
|
|
|
|
|
TOTAL |
628.034 |
529.191 |
439.343 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
270.261 |
272.105 |
246.108 |
|
|
Capital work-in-progress |
36.727 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.500 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
329.778
|
217.765
|
199.603
|
|
|
Sundry Debtors |
186.711
|
192.534
|
143.118
|
|
|
Cash & Bank Balances |
13.177
|
37.949
|
10.282
|
|
|
Other Current Assets |
3.312
|
5.018
|
0.000
|
|
|
Loans & Advances |
33.612
|
24.418
|
45.074
|
|
Total
Current Assets |
566.590
|
477.684
|
398.077
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
216.322
|
204.070
|
100.351
|
|
|
Other Current Liabilities |
25.997
|
13.217
|
105.364
|
|
|
Provisions |
3.225
|
3.311
|
0.000
|
|
Total
Current Liabilities |
245.544
|
220.598
|
205.715
|
|
|
Net Current Assets |
321.046
|
257.086
|
192.362
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.373 |
|
|
|
|
|
|
|
|
TOTAL |
628.034 |
529.191 |
439.343 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
1077.927 |
|
|
|
Other Income |
|
|
12.161 |
|
|
|
TOTAL (A) |
NA |
NA |
1090.088 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost Of Goods Sold |
|
|
1016.246 |
|
|
|
Operative & Other Expenses |
|
|
11.722 |
|
|
|
Personnel Expenses |
|
|
7.268 |
|
|
|
TOTAL (B) |
NA |
NA |
1035.236 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
54.852 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
30.613 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
24.239 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
6.021 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
NA |
18.218 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
NA |
NA |
6.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
17.207 |
16.423 |
12.098 |
|
|
|
|
|
|
|
|
|
Add / (Less) |
TAXATION FOR
EARLIER YEARS |
NA |
NA |
(0.058) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
10.974 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Bonus Shares |
NA |
NA |
0.000 |
|
|
|
Differed Tax Liability |
NA |
NA |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
23.014 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
NA |
NA |
414.519 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.14 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
1.11
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
1.69
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
2.83
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
0.12
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.95
|
1.72 |
1.78
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.30
|
2.16 |
1.94
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---- |
|
22] |
Litigations that the firm
/ promoter involved in |
---- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---- |
|
26] |
Buyer visit details |
---- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN:
(Rs.
in Millions)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
|
|
|
|
Loans and advances from Related Parties |
102.236 |
75.563 |
|
|
|
|
|
Total |
102.236 |
75.563
|
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U21015MH2001PTC131865 |
|
Name of the
company |
INFINITY INDUSTRIES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Haroon House, 1st Floor, 294, Perin Nariman Street, RBI Fort, Mumbai –
400001, Maharashtra, India E-Mail : reliable@galagroup.net |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Union Bank of India, Bazargate Street Branch, 266, Perin Nariman
Street, Fort, Mumbai – 400 001, Maharashtra, India E-Mail : cbsbazargate@unionbankofindia.com |
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation Agreement of Goods and Debts |
|
Date of
instrument Creating the charge |
24.10.2011 |
|
Amount secured by
the charge |
Rs.50.000 Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate +
8.50% per annum with monthly rests or such other rate as may be revised by
the Bank from time to time Terms of Repayment On Demand Margin As per sanction
terms Extent and Operation of the charge To secure Adhoc Cash Credit (Hypothecation) facility of Rs. 50.000
Millions granted by the Bank to the Company |
|
Short particulars
of the property charged |
The Borrower hereby Hypothecates by way of First Charge in favour of
the Bank :- 1)Stock which expression shall include all Raw Materials, semi
Finished and Finished Goods, Consumable Stores and Spares and Movable
Property of any kind now or at any time hereafter belonging to or at the
disposal of the Borrower and which are now stored or being stored or which
hereafter may from time to time be brought into or stored to be in or about
the Borrower's premises or godown/s at Byculla and Bhavale and at other
centres hired by the Borrower for the purposes of storage in the Union of
India and all other places of storage whatsoever at or at any other place in
the Union of India or wherever else they may be 2)The Borrower's Book-Debts, Outstandings, Monies, Deposits,
Receivables, Claims and Bills Contracts, Securities Investments which are now
due and owing or which may at any time hereafter during the continuance of
this security becoming due and owing to the Borrower in the course of its
business by any person or party including any Government or any local or
public body or authority (all of which are hereinafter collectively referred
to as "the said debts") |
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.52.97 |
|
|
1 |
Rs.83.17 |
|
Euro |
1 |
Rs.72.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
34 |
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.