MIRA INFORM REPORT
|
Report Date : |
25.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
SALTS AND CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
P.O. Sugandhachuchra Hooghly – 712102, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.04.1994 |
|
|
|
|
Com. Reg. No.: |
21-062873 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.580
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24297WB1994PTC062873 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALS17110C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS6135M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Industrial Chemicals, |
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|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2300 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an well established company having a satisfactory track
record. There appears sharp fall in the salesturnover during the current
year. However, general financial position of the company seems to be good.
Trade relations are reported to be fair. Business is active. Payments 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 |
|
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 PARTED BY (General Details)
|
Name : |
Mr. K. Sarkar |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9433464149 |
|
Date : |
21.01.2013 |
LOCATIONS
|
Registered Office / Factory: |
P.O. Sugandhachuchra Hooghly – 712102, West Bengal, India |
|
Tel. No.: |
91-33-22137490 / 26861091 / 2113 |
|
Mobile No.: |
91-9433464149 (Mr. Sarkan) |
|
Fax No.: |
91-33-22137294 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2100 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Sales Office : |
Centre Point, 21, Hemant Basu Sarani, Suite No.320, 3rd
Floor, Kolkata-700001, West |
|
Tel. No.: |
91-33-22137490 / 91/ 22138649 / 22137294/ 26861091 |
|
Fax No.: |
91-33-22137294 |
|
Email: |
|
|
Area : |
100 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Sumit Kumar Biswas |
|
Designation : |
Managing Director |
|
Address : |
27/13, |
|
Date of Birth/Age : |
07.11.1952 |
|
Qualification : |
Engineer |
|
Date of Appointment : |
14.04.1944 |
|
DIN No.: |
00545377 |
|
|
|
|
Name : |
Mrs. Jaysri Biswas |
|
Designation : |
Director |
|
Address : |
27/13, |
|
Date of Birth/Age : |
19.11.1956 |
|
Qualification : |
BSC |
|
Date of Appointment : |
07.04.1994 |
|
Din No.: |
00601775 |
|
|
|
|
Name : |
Mr. Debdeep Biswas |
|
Designation : |
Director |
|
Address : |
27/13, |
|
Date of Birth/Age : |
22.03.1982 |
|
Qualification : |
Engineer |
|
Date of Appointment : |
01.04.2000 |
|
Din No.: |
00545216 |
|
|
|
|
Name : |
Mr. Debarati Biswas |
|
Designation : |
Director |
|
Address : |
27/13, |
|
Date of Birth/Age : |
21.04.1984 |
|
Qualification : |
MSC |
|
Date of Appointment : |
01.05.2002 |
|
Din No.: |
00603622 |
KEY EXECUTIVES
|
Name : |
Mr. K. Sarkar |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sumit Kumar Biswas |
|
26520 |
|
Jaysri Biswas |
|
7510 |
|
Debdeep Niswas |
|
9510 |
|
Debarati Biswas |
|
7000 |
|
Kajal Chakraborty |
|
2000 |
|
Arati Naskar |
|
2000 |
|
Minati Chowdhuri |
|
3000 |
|
Chinmoyee Majumder |
|
500 |
|
|
|
|
|
Total |
|
58040 |
AS ON 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Chemicals. |
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Products (As On 31.03.2011) : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Africa ·
Bangladesh ·
Central America |
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Terms : |
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Selling : |
L/C Cash and Credit |
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Purchasing : |
L/C Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
|
Chemlub Group |
MT |
216 |
3275 |
|
Phosphate Salts |
MT |
204 |
79802 |
|
Metal Treatment Chemicals |
MT/Ltr. |
942 |
1219115 Kg |
|
Heat Treatment Chemicals |
MT |
318 |
98201 |
|
Water Treatment Chemicals |
MT |
120 |
19325 |
|
Electroplating Salts |
MT |
60 |
410 |
NOTE:
·
Installed capacity is as
per a certificate issued by the management and is not verified by the auditors
being a technical matter.
·
Licensed capacity has not
been disclosed as the company products are exempt from licensing agreement.
GENERAL INFORMATION
|
Customers : |
·
Industries |
|
|
|
|
No. of Employees : |
50 (Approximately) |
|
|
|
|
Bankers : |
·
State
Bank of Manicktala Branch,
294/2/1, A.P.C Road, Kolkata-700009, West Bengal, India Contact
No : 91-33-23559257 ·
HDFC
Bank, Hooghly, Kolkata,
India |
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|
|
|
Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
S. K. Gangoli Chartered Accountant |
|
Address : |
53A, Mirza Ghalib Street, Kolkata – 700021, West Bengal, India |
|
Tel No : |
91-33-2229-2638/2229-6241/2229-0871/72 |
|
Fax No : |
91-33-2229 1859 |
|
Email ID : |
|
|
PAN No.: |
AACFG0979N |
CAPITAL STRUCTURE
AS ON 30.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
58040 |
Equity Shares |
Rs.10/- each |
Rs.0.580
Million |
|
|
|
|
|
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 |
0.580 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
35.517 |
33.465 |
27.057 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
36.097 |
33.965 |
27.557 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.030 |
0.030 |
0.030 |
|
|
TOTAL BORROWING |
0.030 |
0.030 |
0.030 |
|
|
DEFERRED TAX LIABILITIES |
0.053 |
0.043 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
36.180 |
34.038 |
27.587 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.571 |
4.323 |
4.225 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.338 |
0.338 |
0.338 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.807
|
5.357
|
4.116
|
|
|
Sundry Debtors |
18.631
|
18.726
|
13.624
|
|
|
Cash & Bank Balances |
10.160
|
8.900
|
10.511
|
|
|
Other Current Assets |
0.383
|
1.155
|
0.000
|
|
|
Loans & Advances |
8.439
|
3.010
|
1.785
|
|
Total
Current Assets |
42.420
|
37.148
|
30.036
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
8.865
|
5.439
|
0.997
|
|
|
Other Current Liabilities |
3.088
|
2.159
|
4.612
|
|
|
Provisions |
0.196
|
0.173
|
1.403
|
|
Total
Current Liabilities |
12.149
|
7.771
|
7.012
|
|
|
Net Current Assets |
30.271
|
29.377
|
23.024
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
36.180 |
34.038 |
27.587 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operation |
69.950 |
70.747 |
59.082 |
|
|
|
Other Income |
0.935 |
0.564 |
1.885 |
|
|
|
TOTAL |
70.885 |
71.311 |
60.967 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
45.839 |
40.397 |
|
|
|
|
Purchased of Stock-in-Trade |
0.425 |
0.864 |
|
|
|
|
Changes in inventories of finished goods |
(0.148) |
0.137 |
49.653 |
|
|
|
Work-in-progress and Stock-in-Trade |
(0.015) |
0.014 |
|
|
|
|
Excise duty on stocks Employee benefit
expenses |
7.316 |
5.496 |
|
|
|
|
Other expenses |
13.932 |
13.882 |
|
|
|
|
TOTAL |
67.349 |
60.790 |
49.653 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.536 |
10.521 |
11.274 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.802 |
0.680 |
0.625 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.734 |
9.841 |
10.649 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.829 |
3.259 |
3.608 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.905 |
6.582 |
7.041 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.996 |
3.557 |
3.189 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
0.1520 |
0.150 |
0.150 |
|
|
|
Tax on Dividend |
NA |
0.023 |
0.023 |
|
|
|
General Reserve |
NA |
6.000 |
6.500 |
|
|
BALANCE CARRIED
TO THE B/S |
3.996 |
3.966 |
3.557 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
Export Earnings |
5.953 |
9.370 |
4.481 |
|
|
|
TOTAL EARNINGS |
5.953 |
9.370 |
4.481 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Imported |
0.000 |
1.803 |
6.115 |
|
|
|
indigenous |
48.458 |
38.594 |
28.045 |
|
|
|
TOTAL IMPORTS |
48.458 |
40.397 |
34.160 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
38.06 |
131.52 |
140.71 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.68
|
9.21
|
11.55
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.91
|
13.91
|
18.02
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.66
|
23.54
|
31.08
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.29
|
0.39
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.34
|
0.21
|
0.26
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40
|
4.78
|
4.28
|
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 |
Yes |
|
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
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 |
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 |
No |
|
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 |
No |
UNSECURED
LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Loan from directors and shareholders are unsecured and free interest. |
0.030 |
0.030 |
|
|
|
|
|
Total |
0.030 |
0.030 |
BUSINESS
PERFORMANCE:
The total Sales during of the company during the year has increased marginally
compared to that for previous year, the profit came down by about 72% in the
face of stiff competition and uncertain market economy and cost of raw
materials was also so high.
During the year, The Company looked for expansion of market all over
India and initiated exploration of market abroad.
However, the company engaging in new customers and the control on
continuing previous growth.
CONTINGENT
LIABILITIES
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
Rs in Millions |
|
|
Claims against the company not acknowledged as debt-sales tax demand
against which appeal is pending |
0.017 |
0.017 |
TRADE REFERENCES:
·
Ordins Factories
·
Rotelar Steel Plants
·
Chinetic Engineering’s
·
Telka
Form 8
|
Name of the company |
SALTS AND CHEMICALS PRIVATE LIMITED |
|
Presented By |
S.D. Basu,
Company Secretary in WIP |
|
1) Date and description of instrument creating the change |
Hypothecation of
debts and assets dated 02.06.2000 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.0.500 Million |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
All the borrowers’
present and future book debts outstanding moneys receivable claims bills
contracts engagements securities investments rights and assets by way of
first charge. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The borrower
shall not do or allow anything which may prejudice the security and shall
comply with the terms and conditions of the agreement. Interest @
13.77%p.a. with quarterly rests and / or as may be current from time to time
for the credit facility according to banking norms and RBI guidelines. |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of Manicktala
Branch, 294/2/1, A.P.C Road, Kolkata-700009, West Bengal, India |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
FIXED ASSETS
·
Building
·
Plant and Machinery
·
Furniture
·
Vehicles
·
Electricals Installation
·
Computer
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.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.