MIRA INFORM REPORT
|
Report Date : |
30.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
MODY CHEMI-PHARMA PRIVATE LIMITED |
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Registered
Office : |
Unit No. 407/408/409, Swastik Disa Park, Kohinoor, Printing Works
Compound, LBS Marg, Ghatkopar (West), Mumbai - 400086, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
30.07.2002 |
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Com. Reg. No.: |
11-136659 |
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Capital
Investment / Paid-up Capital : |
Rs. 20.000
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U24100MH2002PTC136659 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM23369D / MUMM38473B |
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PAN No.: [Permanent Account No.] |
AADCM1808L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Industrial Chemicals like Bromine
and Bromine Compound. |
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No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 266000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record.
The company has recorded a better increase in its sales turnover and
profitability during the year 2012. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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 |
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High |
B2 |
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Very High |
C1 |
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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 [GENERAL DETAILS]
|
Name : |
Ms. Pankaja |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-42044044 |
|
Date : |
26.07.2013 |
LOCATIONS
|
Registered Office : |
Unit No. 407/408/409, Swastik Disa Park, Kohinoor, Printing Works Compound,
LBS Marg, Ghatkopar (West), Mumbai - 400086, Maharashtra, India |
|
Tel. No.: |
91-22-42044044 [50 Lines]/ 42044000 |
|
Mobile No.: |
91-9322287185 (Mr. Bhavesh Navinchandra Mody) |
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Fax No.: |
91-22-25000546 |
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E-Mail : |
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Website: |
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Area : |
1000 sq. ft |
|
Location : |
Owned |
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Factory : |
Plot No. J-39, MIDC, Taloja, District Raigad, Maharashtra, India |
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Area : |
1700 sq. mtr. |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Bhavesh Navinchandra Mody |
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|
Designation : |
Managing director |
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Address : |
1G, 91/92, Kalpataru Aura, Opposite R City Mall, LBS Marg, Ghatkopar
[West], Mumbai – 400086, Maharashtra, India |
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Date of Birth/Age : |
17.09.1961 |
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Date of Appointment : |
02.08.2002 |
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DIN No.: |
00541822 |
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Other Directorship :
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Name : |
Mrs. Swati Bhavesh Mody |
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Designation : |
Director |
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|
Address : |
1G, 91/92, Kalpataru Aura, Opposite R City Mall, LBS Marg, Ghatkopar
[West], Mumbai – 400086, Maharashtra, India |
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|
Date of Birth/Age : |
17.09.1961 |
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Date of Appointment : |
02.08.2002 |
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DIN No.: |
00552488 |
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Other Directorship :
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Name : |
Mr. Chintan Bhavesh Mody |
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Designation : |
Director |
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|
Address : |
1G, 91/92, Kalpataru Aura, Opposite R City Mall, LBS Marg, Ghatkopar
[West], Mumbai – 400086, Maharashtra, India |
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Date of Birth/Age : |
24.04.1990 |
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Date of Appointment : |
25.08.2012 |
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DIN No.: |
06364665 |
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KEY EXECUTIVES
|
Name : |
Ms. Pankaja |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Bhavesh N Mody |
|
105480 |
|
Swati B Mody |
|
44400 |
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Dhanvanti N Mody |
|
30 |
|
Navinchandra N Mody |
|
30 |
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Chintan B Mody |
|
30 |
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Nikunj B Mody |
|
30 |
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Bhavesh N Mody [HUF] |
|
50000 |
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|
|
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Total |
|
200000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Industrial Chemicals like
Bromine and Bromine Compound. |
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Exports : |
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Products : |
Industrial Chemicals |
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Countries : |
¯ UK ¯ Japan ¯ USA |
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Imports : |
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Products : |
Raw Material |
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Countries : |
¯ China ¯ Jordan |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
¯ HDFC Bank
Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013,
Maharashtra, India ¯ Dena Bank ¯ State Bank of
India |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S.J. Bjaria and Company Chartered Accountants |
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Address : |
Office No.11, Amatulla Manzil, 3rd Floor, 115, Nagdevi Street, Mumbai – 400003,
Maharashtra, India |
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Tel. No.: |
91-22-23434194/ 23434692 |
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Income-tax
PAN of auditor or auditor's firm : |
AAXFS0542Q |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs. 100/- each |
Rs. 25.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
200,000 |
Equity Shares |
Rs. 100/- each |
Rs. 20.000
Millions |
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|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders'
Funds |
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|
|
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(a) Share Capital |
|
20.000 |
5.000 |
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(b) Reserves & Surplus |
|
46.626 |
24.983 |
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(c) Money received against share warrants |
|
0.000 |
0.000 |
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|
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(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
66.626 |
29.983 |
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(3) Non-Current Liabilities |
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|
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|
(a) long-term borrowings |
|
14.308 |
33.601 |
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(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
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(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
14.308 |
33.601 |
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|
|
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(4)
Current Liabilities |
|
|
|
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(a)
Short term borrowings |
|
0.000 |
0.000 |
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(b)
Trade payables |
|
63.142 |
45.494 |
|
(c)
Other current liabilities |
|
0.465 |
0.373 |
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(d)
Short-term provisions |
|
1.041 |
4.538 |
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Total
Current Liabilities (4) |
|
64.648 |
50.405 |
|
|
|
|
|
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TOTAL |
|
145.582 |
113.989 |
|
|
|
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II.
ASSETS |
|
|
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|
(1)
Non-current assets |
|
|
|
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(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
12.325 |
9.373 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
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(iv) Intangible assets under development |
|
0.000 |
0.000 |
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(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
12.325 |
9.373 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
22.056 |
7.793 |
|
(c)
Trade receivables |
|
93.345 |
92.507 |
|
(d)
Cash and cash equivalents |
|
7.489 |
2.046 |
|
(e)
Short-term loans and advances |
|
0.698 |
0.219 |
|
(f)
Other current assets |
|
9.669 |
2.051 |
|
Total
Current Assets |
|
133.257 |
104.616 |
|
|
|
|
|
|
TOTAL |
|
145.582 |
113.989 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
7.099 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
12.099 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
23.067 |
|
|
TOTAL BORROWING |
|
|
23.067 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
35.166 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
7.702 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
5.634
|
|
|
Sundry Debtors |
|
|
48.565
|
|
|
Cash & Bank Balances |
|
|
0.203
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
1.342
|
|
Total
Current Assets |
|
|
55.744
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
21.816
|
|
|
Other Current Liabilities |
|
|
6.000
|
|
|
Provisions |
|
|
0.464
|
|
Total
Current Liabilities |
|
|
28.280
|
|
|
Net Current Assets |
|
|
27.464
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
35.166 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
376.255 |
290.697 |
133.796 |
|
|
|
Other Income |
1.162 |
0.511 |
0.040 |
|
|
|
TOTAL (A) |
377.417 |
291.208 |
133.836 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
316.769 |
234.053 |
|
|
|
|
Changes in inventories of finished goods and WIP |
(10.078) |
0.000 |
|
|
|
|
Employee benefit Expenses |
4.419 |
2.736 |
|
|
|
|
Other Expenses |
33.345 |
22.868 |
|
|
|
|
TOTAL (B) |
344.455 |
259.657 |
125.673 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
32.962 |
31.551 |
8.163 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.294 |
3.336 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
29.668 |
28.215 |
8.163 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.775 |
1.430 |
1.149 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
27.893 |
26.785 |
7.014 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
3.453 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
NA
|
NA
|
3.561 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
6.380 |
3.060 |
0.231 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
16.964 |
10.162 |
1.670 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA
|
NA
|
NA
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
NA |
2.66 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.41
|
9.21 |
5.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.16
|
23.50 |
11.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42
|
0.26 |
0.58 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.21
|
1.12 |
1.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06
|
2.08 |
1.97 |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10376893 |
10/08/2012 |
55,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL [WEST], MUMBAI - 400013, MAHARASHTRA, INDIA |
B58264615 |
|
2 |
10181256 |
12/04/2012 * |
32,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL [WEST], MUMBAI - 400013, MAHARASHTRA, INDIA |
B37971371 |
* Date of charge modification
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advance from Related Parties |
|
|
|
Bhavesh N Mody [HUF] |
0.410 |
19.397 |
|
Swati B Mody |
5.414 |
5.792 |
|
Bhavesh N Mody |
0.771 |
0.281 |
|
Navinchandra N Mody |
2.276 |
3.330 |
|
Dhanvanti N Mody |
4.948 |
4.358 |
|
Nikunj B Mody |
0.201 |
0.283 |
|
Chintan B Mody |
0.288 |
0.160 |
|
Total |
14.308 |
33.601 |
Note:
The Registered office of the company has been shifted from 412,
Hill View Estate, Siddhpura Compound, Amrut Nagar Road, Off LBS Marg, Ghatkopar
(West), Mumbai - 400086, Maharashtra, India to the present w.e.f.29.09.2009
CONTINGENT
LIABILITIES:
1.
Stock in Transit includes import of goods worth Rs.
4.263 Million lying at the Egypt Port since more than 12 months. The matter is
subject to litigation with Foreign Supplier and Shipper. Legal actions
initiated which includes arrest of vehicles and other legal recourse including
Arbiteration procedure being initiated.
2.
Export of goods to Japan Venture Chemicals Limited
worth Rs. 2.751 Millions are rejected as defective material on 12.07.2012. the
same transaction is shown as Export sales for the F.Y. 2011-12. Mody
Chemi-Pharma Private Limited has rejected and intimated the same to its
suppliers.
3.
Company has filed n appeal with the JCDR CESTAT
Mumbai against the order of Deputy Commissioner of Central Excise CBD Belapur
of Rs. 5.742 Millions (Approx) against which a pre deposit for stay application
of Rs. 0.250 Million was paid.
FIXED ASSETS:
¯ Computers
¯ Buildings
¯ Plant and
Machinery
¯ Furniture and
Fixture
¯ Vehicles
¯ Electrical
Installation
¯ Air Conditioner
¯ Assets under lease
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. 59.30 |
|
|
1 |
Rs. 91.18 |
|
Euro |
1 |
Rs. 78.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.