MIRA INFORM REPORT
|
Report Date : |
02.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
DNS FINE CHEMICALS AND LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Ghanshyam Krupa Building, 1st Floor, R. B. Kadam Marg,
Bhatt Wadi, Ghatkopar (West), Mumbai – 400084, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.09.2005 |
|
|
|
|
Com. Reg. No.: |
11-156121 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2005PTC156121 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD13925C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD2301G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and exporter of Fine Chemicals. |
|
|
|
|
No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 27000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
company has performed well and wipe out its accumulated losses. The financial position seems to be improving. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings with great
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Sudhir |
|
Designation : |
Director |
|
Contact No.: |
91-9967606855 |
|
Date : |
29.06.2013 |
LOCATIONS
|
Registered Office : |
Ghanshyam Krupa Building, 1st Floor, R. B. Kadam Marg, Bhatt
Wadi, Ghatkopar (West), Mumbai – 400084, Maharashtra, India |
|
Tel. No.: |
91-22-25159494/ 25133164/ 26143130 |
|
Mobile No.: |
91-9967606855 (Mr. Sudhir) |
|
Fax No.: |
91-22-25091713 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
W-15, Badalpur MIDC, Near BSNL Telephone Exchange, Badlapur (East),
Thane – 421503, India |
|
Tel No.: |
91-251-2698262 |
|
|
|
|
|
68, Wishing |
|
Tel. No.: |
91-416-8361450 / 4972255 |
|
Fax No.: |
91-416-4976467 |
|
|
|
|
|
Plot No.338, Opposite AMS Hospital Line, Vidyanagar, |
|
Tel. No.: |
91-40-27639721 |
DIRECTORS
As on: 30.09.2012
|
Name : |
Mr. Dattatray Namdeo Sawant |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
|
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.06.1943 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.09.2005 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00966482 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajendra Dattatray Sawant |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
|
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.10.1971 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.09.2005 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00966619 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vatsala Dattatray Sawant |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
|
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.10.1947 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.09.2005 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00966862 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sudhir Dattatray Sawant |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
|
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.08.1974 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.09.2005 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01203342 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dattatray Namdeo Sawant |
|
116200 |
|
Rajendra D. Sawant |
|
181000 |
|
Dattatray Namdeo Sawant (HUF) |
|
12000 |
|
Vatsala D. Sawant |
|
104500 |
|
Sudhir D. Sawant |
|
186300 |
|
|
|
|
|
Total |
|
600000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter of Fine Chemicals. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
Fine Chemicals |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit ( 30 days/ 60 days) |
|
|
|
|
Purchasing : |
Cash and Credit ( 30 days/ 60 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
45 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
State Bank of India, Ghatkopar (East) Branch, M G Road, Mumbai –
400077, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mukund M. Chitale and Company Chartered Accountants |
|
Address : |
204/205, Agarwal Shyamkamal - A, Vile Parle (East), Mumbai – 400057, Maharashtra,
India |
|
PAN No.: |
AAAFM2030L |
|
|
|
|
Associates/Subsidiaries : |
·
Volksplanner Meditech Private Limited U24239MH1994PTC080284 |
CAPITAL STRUCTURE
As on: 30.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.10/- each |
Rs. 7.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
6.000 |
6.000 |
|
(b) Reserves & Surplus |
|
0.420 |
(0.122) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.510 |
0.510 |
|
Total
Shareholders’ Funds (1) + (2) |
|
6.930 |
6.388 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
11.135 |
15.414 |
|
(b) Deferred tax liabilities (Net) |
|
1.292 |
0.810 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
12.427 |
16.224 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
7.671 |
8.096 |
|
(b) Trade payables |
|
17.452 |
7.498 |
|
(c) Other current
liabilities |
|
1.835 |
1.118 |
|
(d) Short-term
provisions |
|
0.226 |
0.065 |
|
Total Current
Liabilities (4) |
|
27.184 |
16.777 |
|
|
|
|
|
|
TOTAL |
|
46.541 |
39.389 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
15.155 |
11.529 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
2.820 |
2.188 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.548 |
1.184 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
19.523 |
14.901 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
18.032 |
11.702 |
|
(c) Trade receivables |
|
6.758 |
7.862 |
|
(d) Cash and cash
equivalents |
|
0.883 |
0.463 |
|
(e) Short-term loans
and advances |
|
1.345 |
4.461 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
27.018 |
24.488 |
|
|
|
|
|
|
TOTAL |
|
46.541 |
39.389 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
6.000 |
|
|
2] Share Application Money |
|
|
0.420 |
|
|
3] Reserves & Surplus |
|
|
0.069 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
6.489 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
9.771 |
|
|
2] Unsecured Loans |
|
|
9.399 |
|
|
TOTAL BORROWING |
|
|
19.170 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.362 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
26.021 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
8.592 |
|
|
Capital work-in-progress |
|
|
1.576 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
10.918 |
|
|
Sundry Debtors |
|
|
9.312 |
|
|
Cash & Bank Balances |
|
|
0.037 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
5.606 |
|
Total
Current Assets |
|
|
25.873 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
9.505 |
|
|
Other Current Liabilities |
|
|
0.493 |
|
|
Provisions |
|
|
0.022 |
|
Total
Current Liabilities |
|
|
10.020 |
|
|
Net Current Assets |
|
|
15.853 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
26.021 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.542 |
(0.191) |
0.019 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.90 |
(0.32) |
0.03 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
90.000 |
Expected Sales (2013-2014): Rs. 110.000 Millions
The above information has been parted by Mr. Sudhir
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.71 |
3.69 |
2.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
1.46 |
2.58 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
No |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
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 LOAN
(Rs. In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Loans and advance from related parties |
11.085 |
14.517 |
|
|
|
|
|
Total |
11.085 |
14.517 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U24100MH2005PTC156121 |
|
Name of the
company |
DNS FINE
CHEMICALS AND LABORATORIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Ghanshyam Krupa Building, 1st Floor, R. B. Kadam Marg,
Bhatt Wadi, Ghatkopar (West), Mumbai – 400084, Maharashtra, India Email-id - akamat@mmchitale.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10012823 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
State Bank of India, Ghatkopar (East) Branch, M G Road, Mumbai – 400077,
Maharashtra, India Email-id - pooja.munjal09@gmail.com
|
|
Nature of
instrument creating charge |
Memorandum for
recording extension of mortgage by deposit of title deeds covering enhanced limits
and/ or creation of equitable mortgage on additional properties for existing
limit and enhanced limits and additional facilities. |
|
Date of
instrument Creating the charge |
04.04.2013 |
|
Amount secured by
the charge |
Rs. 20.157
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at 5.00%
above BR (BR = 9.70% w.e.f. 04.02.2013) with a Minimum 14.70% p.a. Present
effective rate 14.70% p.a. Terms of Repayment Repayable on demand. Margin Raw Materials -
25%, SIP - 33.33%, Finished Goods - 40%, Receivables (Cover period not
exceeding 90 days) - 33.33%, Letter of Credit - 25%, EPC/EBD - 25%. Extent and Operation of the charge Security to cover
principal amount together with interest, costs, charges and expenses etc. Others Working Capital
Demand Cash Credit - Rs. 15.000 Millions, EPC/ EBD/ EBP - (Rs. 5.000
Millions), Term Loan (Present O/s) - Rs. 0.157 Million, LC/ BG/ Buyer's
Credit - Rs. 5.000 Millions, Total Limits - Rs. 20.157 Millions. All other terms
and conditions as per the sanctioned letter and loan agreement. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Extension of EM
charge on the land and factory premises situate at Plot No W-15, MIDC
Badlapur, Badlapur Districts Thane adm area o 920 sq mtrs. |
|
Date of
instrument modifying the charge |
04.04.2013 |
|
Particulars of
the present modification |
The Borrowers by way
of equitable mortgage by deposit of title deeds of Immovable properties at
land and factory premises situate at Plot No. W-15, MIDC Badlapur, Badlapur
Dist Thane adm area o 920 sq mtrs and has provided further security to secure
the Facility Rs. 16.100 Millions increased to Rs. 20.157 Millions. |
FIXED ASSETS
· Plant and Machinery
· Furniture and Fixtures
· Laboratories Equipment
· Air Conditioner
· Office Equipment
· 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. 59.15 |
|
|
1 |
Rs. 90.06 |
|
Euro |
1 |
Rs. 77.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
27 |
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.