MIRA
INFORM REPORT
|
Report Date : |
12.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
PADMINI PETROPLAST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
105 Tirupati Udyog Bhavan, Opposite Laghu Udyog, I B, Patel Goregaon
(East), Mumbai-400063, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.12.1998 |
|
|
|
|
Com. Reg. No.: |
11- 117499 |
|
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Capital
Investment / Paid-up Capital : |
Rs. 11.518 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1998PTC117499 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP17975G/ MUMP10677C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP4496R |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Distributor of Engineering Thermoplastics. |
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|
No. of Employees
: |
Not Available |
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 104000 |
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|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record. The
management of the company has failed to file its financials with the
government department for the year 2012. As per previous year’s record, there appear huge external borrowings
recorded by the company and it had incurred loss from its operations. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings with some caution. Note: Details
regarding the market goodwill could not gathered. However, we hereby provide
you with a press release for your reference. |
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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. Lalit G. Shah |
|
Designation : |
Director |
|
Contact No.: |
91-22-28782147 |
|
Date : |
11.02.2013 |
LOCATIONS
|
Registered Office : |
105 Tirupati Udyog Bhavan, Opposite Laghu Udyog, I B, Patel Goregaon
(East), Mumbai-400063, Maharashtra, |
|
Tel. No.: |
91-22-40623500 to 30/ 2685566 / 28782147 |
|
Mobile No.: |
91-9820041309 (Mr. Pravin Shah) |
|
Fax No.: |
91-22-2686235/ 40623555 / 28782148 |
|
E-Mail : |
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|
Website : |
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|
Godown : |
276/9, vardhan Compound, Rahnal Village Near Khalsa Garage, Bhiwandi
Thane-421308, Maharashtra, India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Prakash Ghisulal Shah |
|
Designation : |
Managing Director |
|
Address : |
101, Sun Rise View, Behind Udupi Hotel, Opposite Aarey Road, Goregaon
(East), Mumbai-400063, Maharashtra, India |
|
Date of Birth/Age : |
07.09.1965 |
|
Date of Appointment : |
17.12.1998 |
|
DIN No.: |
00240969 |
|
|
|
|
Name : |
Mr. Lalit Ghisulal Shah |
|
Designation : |
Director |
|
Address : |
4/9, Govind Building, Shirodkar Wadi, Off Arrey Road, Goregaon (East),
Mumbai-400063, Maharashtra, India |
|
Date of Birth/Age : |
21.03.1969 |
|
Date of Appointment : |
17.12.1998 |
|
DIN No.: |
00241013 |
|
|
|
|
Name : |
Mr. Pravin Ghisulal Shah |
|
Designation : |
Director |
|
Address : |
4/9, Govind Building, Shirodkar Wadi, Off Arrey Road, Goregaon (East),
Mumbai-400063, Maharashtra, India |
|
Date of Birth/Age : |
12.12.1971 |
|
Date of Appointment : |
17.12.1998 |
|
DIN No.: |
00241076 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Prakash Ghisulal Shah |
|
440086 |
|
Pravin Ghisulal Shah |
|
87600 |
|
Lalit Ghisuala Shah |
|
71600 |
|
Sheel Prakash Shah |
|
75010 |
|
Seema Lalit Shah |
|
34510 |
|
Ghisulala Shah |
|
20000 |
|
Kanchaben Shah |
|
108000 |
|
Kaviat Shah |
|
35000 |
|
Prakash G Shah HUF Lalit G Shah HUF Ghisulal Shah HUF |
|
70000 |
|
Prakash Shah Jointly with Kamal Rajpria, Vandaan Divekar Pawar, Manish
M Shirke and chandulal Shah |
|
1 |
|
Prakash Shah Jointly with Arvind Mehta, Kapila T Shah, Navinchand R
Vakharia |
|
1 |
|
Prakash Shah Jointly with Minakshi Patel, Niru M Sanghvi, Kirti
Khotari and Motiben Mehta |
|
1 |
|
Prakash Shah Jointly with Madhuben J Dhadhai, Hitendra Vora, Vinod S
Waghela and Pratesh Gohil |
|
1 |
|
Prakash Shah Jointly with Jayaben Mehta, Deepiak Waghela, Bakul
Chauhan and Naresh Shah |
|
1 |
|
Prakash Shah Jointly with Monabhai G. Parmar, Sharmial A. Shah,
Rasilaben K. Shah, Bhaumati P. Komani and Arunaben C. Shah |
|
1 |
|
Prakash Shah Jointly with Sushila M Goenka, Manta K Meha, S K Sanghavi
and Sterling Finance |
|
1 |
|
Prakash Shah Jointly with Royal Finance, Bhavnaben Shah, Nirupa Mehta
and Dinesh Jain |
|
1 |
|
Prakash Shah Jointly with Pratibha V Mehat, Mukat Steel and Fabs
Private Limited, Kaypex International and Maharashtar Steels Profiles |
|
1 |
|
Prakash Shah Jointly with Rajesh Jain, Champaklal Kothari, Fortune
Finance, Blue Star Investment and Ramniklal R Soni |
|
1 |
|
Prakash Shah jointly with Bhanubhen Mota, Viajy V Bhanushali,
Dhirajlal Shah and Ajay Johi |
|
1 |
|
Prakash Shah jointly with Pratibha V. Mehta, Mukat Steels and Fabs
Private Limited, Kaypex International and Maharashtra Steels Profiles |
|
1 |
|
Prakash Shah Jointly with Sankardas Bherumals, Vishal Corporation, D.
B. Pehaljani and Tarabai Kotumal |
|
1 |
|
Prakash Shah Jointly with G C Hinduaj (HUF), Kamal P Lalwani, Sanjayb
P Lalawani and Arjun Chaturbhuj Hinduja |
|
1 |
|
Prakash Shah Jointly with Shipa Hinduja, Priay Hinduja and Gridhari
Chaturbhuj Hinduja |
|
1 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Distributor of Engineering Thermoplastics. |
GENERAL INFORMATION
|
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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|
Financial Institute: |
Reliance Capital Limited, “H” Block, 1st Floor, Dhirubhai
Ambani Knowledge City, Koparkhairne, Navi Mumbai-400710, Maharashtra, India |
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Auditors : |
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|
Name : |
Deepak Maru and Company Chartered Accountant |
|
Address : |
2/5, Gajanan Colony, Jawahar Nagar, Goregaon (West), Mumbai-400062, |
|
PAN No.: |
AACPR7328E |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1151820 |
Equity Shares |
Rs. 10/-
each |
Rs. 11.518
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 |
11.518 |
11.518 |
11.518 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
14.600 |
20.312 |
18.767 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
26.118 |
31.830 |
30.285 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
195.823 |
175.596 |
149.027 |
|
|
2] Unsecured Loans |
24.732 |
33.718 |
30.213 |
|
|
TOTAL BORROWING |
220.555 |
209.314 |
179.240 |
|
|
DEFERRED TAX LIABILITIES |
2.229 |
1.530 |
1.217 |
|
|
|
|
|
|
|
|
TOTAL |
248.902 |
242.674 |
210.742 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
13.669 |
15.253 |
15.509 |
|
|
Capital work-in-progress |
48.767 |
37.971 |
22.006 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.531 |
0.775 |
0.275 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
115.210
|
98.175
|
75.439 |
|
|
Sundry Debtors |
239.092
|
191.980
|
107.597 |
|
|
Cash & Bank Balances |
9.766
|
3.287
|
9.441 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
7.288
|
12.829
|
4.803 |
|
Total
Current Assets |
371.356
|
306.271
|
197.280 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
185.421
|
113.637
|
21.488 |
|
|
Other Current Liabilities |
|
3.586
|
2.003 |
|
|
Provisions |
0.000
|
0.373
|
0.837 |
|
Total
Current Liabilities |
185.421
|
117.596
|
24.328 |
|
|
Net Current Assets |
185.935
|
188.675
|
172.952 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
248.902 |
242.674 |
210.742 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
411.065 |
425.431 |
335.433 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(5.013) |
2.908 |
6.556 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.699 |
1.363 |
1.673 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(5.712) |
1.545 |
4.883 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
20.312 |
18.767 |
13.884 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
14.600 |
20.312 |
18.767 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(4.96) |
1.34 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
(1.22)
|
0.68 |
1.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.30)
|
0.90
|
3.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.19)
|
0.09
|
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
8.44
|
6.58
|
5.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.00
|
2.60
|
8.11 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
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 |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
In Millions) |
|
From Directors |
3.016 |
3.279 |
|
From Shareholders |
11.630 |
15.472 |
|
From Companies |
0.000 |
0.000 |
|
From Banks |
10.086 |
14.967 |
|
Total |
24.732 |
33.718
|
Note: Purchase Detail
is not available
WEBDETAILS
PRESS RELEASE
Victrex Expands Global Footprint, Padmini Petroplast Appointed
Distribution Partner in Rapidly Emerging India Market
SpecialChem - Jan 4, 2010
MUMBAI, India -- Victrex Polymer Solutions, a division of Victrex plc, a leading provider of high performance polymers including VICTREX® PEEK™ polymer, VICOTE® Coatings and APTIV™ films, has appointed Padmini Petroplast Pvt., Ltd. as its distribution partner in India. Victrex is entering the India market in an aggressive strategic move designed to expand the company`s global footprint and extend market reach into one of the world`s most rapidly emerging industrial markets.
Victrex anticipates good growth potential of its VICTREX PEEK polymer business in India. The country is very strong in the automotive, industrial, textile and nuclear industries. Earlier in 2009, Victrex opened an office in Mumbai to concentrate on new market development, but found that the vast size of India and the fact that the country`s manufacturing bases are scattered around the nation made it necessary to appoint a distribution partner. By appointing Padmini, Victrex has moved to ensure that its prospects and customers in India receive the highest level of customer support. Victrex`s customer-centric approach to everything that it does has played a significant role in building its reputation for industry-leading customer service in the markets that the company currently operates in.
Padmini Petroplast will commence distribution of Victrex Polymer Solutions` comprehensive portfolio of high-performance thermoplastics in India from January 2010. Established in 1999, Padmini Petroplast is headquartered in Mumbai and has sales offices in Biwandi, Pune, Daman, Bangalore and Chennai. The wide regional spread of its sales force means that Padmini is very well positioned to serve Victrex`s customers in India and to raise market awareness of the significant performance advantages that VICTREX PEEK polymers offer due to their inherent mechanical properties. Padmini is dedicated to the sale and distribution of engineering thermoplastics, such as POM, PBT, PPS and PA. Meeting the high performance thermoplastics materials requirements of India`s automotive, textile and industrial sectors is the company`s core strength. Padmini anticipates that it will be able to identify new applications for VICTREX PEEK polymer in these markets.
Commenting on his company`s strategic partnership with Victrex, Mr. Prakash G. Shah, Managing Director for Padmini said, "India is a very big country and many foreign companies are coming in. We view this as an advantage since many Indian customers are looking for foreign suppliers and partners, and we see this partnership with Victrex as an opportunity to realize synergies to grow in the market. While a new material for us, we see a lot of potential to grow the market for VICTREX PEEK in India."
With the appointment of a local distribution partner that is familiar with the region and its target markets, Victrex has gained the support necessary to grow its VICTREX PEEK polymer business and realize the full potential of India`s strengthening industrial manufacturing capabilities. For example, one application area that can benefit from the deployment of VICTREX PEEK polymers is compression molding. This is one of India`s key industries, with local molding processors machining a wide range of components and parts for export to regions such as Asia, Europe and the United States.
"By leveraging Padmini`s experience dealing with the other engineering plastics, we expect they can secure a high level of VICTREX PEEK business." said ST Namgoong, the Marketing Manager of Victrex Asia Pacific. Namgoong continued, "With the infinite potential in the market and the strong support from Padmini, we expect that our business will grow fast after several years of investment in India."
About Padmini
Petroplast Private Limited
Established in 1999, Padmini Petroplast Private Limited is dedicated to the sales and distribution of engineering thermoplastics. The company`s founder Mr. Prakash G. Shah successfully ventured into the plastics industry in 1992, when he began commodity trading of plastics raw materials. Today Padmini Petroplast is the authorized distributor of engineering thermoplastics for a number of leading global manufacturers.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.68 |
|
|
1 |
Rs.84.85 |
|
Euro |
1 |
Rs.71.87 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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 |
|
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.