MIRA
INFORM REPORT
|
Report Date : |
01.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
JHARKHAND GRIND-CHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No: M-12(P), M-13(P) and M-14(P), 7th Phase, Industrial Area, Adityapur,
Jamshedpur – 832109, Jharkhand |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.05.2004 |
|
|
|
|
Com. Reg. No.: |
010724 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.220 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24290JH2004PTC010724 |
|
|
|
|
TIN No.: |
20650901612 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABC14532E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Mould Fluxes |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 220000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
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 – 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.
LOCATIONS
|
Registered Office / Factory : |
Plot No: M-12(P), M-13(P) and M-14(P), 7th Phase, Industrial Area,
Adityapur, Jamshedpur – 832109, Jharkhand, India |
|
Tel. No.: |
91-657-2202400 / 2203411 (W) |
|
Fax No.: |
91-657-2203400 / 6539906 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Pune Office : |
Gate No. 1224/1B, Sanaswadi, Taluka Shirur, District Pune,
Maharashtra, India |
|
Tel. No.: |
91-2137-619201 / 619202 |
|
Fax No.: |
91-2137-619211 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mrs. Malti Thakur |
|
Designation : |
Director |
|
Address : |
MIG-160, Near Nit, Adityapur Housing Colony, Adityapur-2,
Saraikela Kharsawa Adityapur - 831013, Jharkhand, India |
|
Date of Birth/Age : |
08.10.1953 |
|
Date of Appointment : |
06.05.2004 |
|
DIN No.: |
Director |
|
|
|
|
Name : |
Mrs. Ashwini Kumar |
|
Designation : |
Director |
|
Address : |
MIG-160, Near Nit, Adityapur Housing Colony, Adityapur-2,
Saraikela Kharsawa Adityapur - 831013, Jharkhand, India |
|
Date of Birth/Age : |
13.03.1971 |
|
Date of Appointment : |
06.05.2004 |
|
DIN No.: |
00306732 |
|
|
|
|
Name : |
Mr. Abha Thakur |
|
Designation : |
Director |
|
Address : |
MIG-160, Near Nit, Adityapur Housing Colony, Adityapur-2,
Saraikela Kharsawa Adityapur - 831013, Jharkhand, India |
|
Date of Birth/Age : |
02.06.1975 |
|
Date of Appointment : |
06.05.2004 |
|
DIN No.: |
00306709 |
|
|
|
|
Name : |
Mr. Suresh Narayan Thakur |
|
Designation : |
Director |
|
Address : |
MIG-160, Near Nit, Adityapur Housing Colony, Adityapur-2, Saraikela Kharsawa Adityapur - 831013, Jharkhand, India |
|
Date of Birth/Age : |
01.07.1949 |
|
Date of Appointment : |
29.01.2008 |
|
Voter ID No. : |
JPR0332773 |
|
DIN No.: |
01582624 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Thakur Malti |
|
110200 |
|
Kumar Ashwini |
|
102500 |
|
Thakur Abha |
|
49500 |
|
Jha Rani Abha |
|
36800 |
|
Kumar Abhash |
|
6000 |
|
Aryan Ashiwini Kumar |
|
6000 |
|
Grind Chem |
|
100000 |
|
Thakur Rohan |
|
6000 |
|
Kumar Sharad |
|
102000 |
|
Thakur Narayan Suresh |
|
303000 |
|
Total |
|
822000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Mould Fluxes |
GENERAL INFORMATION
|
Suppliers : |
·
Agarwal Industries ·
A.V.M. Sales Corporation ·
Diamond Traders ·
GHCL Limited ·
Golchha Enterprise Private Limited ·
Golcha Lubricants and Chemicals ·
Goodrich Agrochem Private Limited ·
KRK Enterprises ·
Modern Traders (Jharkhand) ·
MRK Chemicals ·
N.K. Enterprises ·
Sekhar Enterprises ·
Sigma Minerals Limited ·
Advanced Drying Systems ·
Aswini Chandra ·
B.N. Electricals ·
Bodhi Sales Agency |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
State Bank of India, SME Branch Adityapur, Adityapur, Jamshedpur
- 831013, Jharkhand, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S K Mishra and Associates Chartered Accountants |
|
Address : |
B/1, B. S. Apartment, Road No. 4, Contractors Area, Bistupur, Jamshedpur – 831001, Jharkhand, India |
|
Tel. No.: |
91-657-2249321 |
|
Mobile No.: |
91-9431300718 |
|
E-Mail : |
|
|
PAN.: |
ABSPM2366C |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
822000 |
Equity Shares |
Rs.10/- each |
Rs.8.220
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
8.220 |
8.220 |
8.220 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
47.861 |
35.289 |
25.142 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
56.081 |
43.509 |
33.362 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
40.486 |
20.643 |
16.611 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
40.486 |
20.643 |
16.611 |
|
|
DEFERRED TAX LIABILITIES |
2.783 |
2.320 |
1.839 |
|
|
|
|
|
|
|
|
TOTAL |
99.350 |
66.472 |
51.812 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
29.727 |
28.053 |
23.137 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.00 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.675 |
1.675 |
1.675 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
33.135
|
18.975 |
6.111 |
|
|
Sundry Debtors |
37.864
|
28.995 |
25.197 |
|
|
Cash & Bank Balances |
3.660
|
1.248 |
1.345 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
17.829
|
8.362 |
10.822 |
|
Total
Current Assets |
92.488
|
57.580 |
43.475 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.755
|
14.915 |
6.462 |
|
|
Other Current Liabilities |
1.656
|
1.367 |
1.152 |
|
|
Provisions |
10.129
|
4.554 |
8.894 |
|
Total
Current Liabilities |
24.540
|
20.836 |
16.508 |
|
|
Net Current Assets |
67.948
|
36.744 |
26.967 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.033 |
|
|
|
|
|
|
|
|
TOTAL |
99.350 |
66.472 |
51.812 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
259.675 |
180.514 |
146.128 |
|
|
|
Other Income |
|
0.039 |
0.355 |
|
|
|
TOTAL (A) |
259.675 |
180.553 |
146.483 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Cost of Sales |
|
147.958 |
116.262 |
|
|
|
Selling & Administrative Expenses |
|
14.296 |
11.475 |
|
|
|
Preliminary Expenses Written off |
|
0.033 |
0.033 |
|
|
|
TOTAL (B) |
241.065 (Including
Financial and Depreciation Expenses) |
162.287 |
127.770 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
18.266 |
18.713 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
1.935 |
1.825 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
16.331 |
16.888 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
1.328 |
1.187 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
18.610 |
15.003 |
15.701 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.038 |
5.035 |
5.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
12.572 |
9.968 |
10.361 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
32.489 |
22.342 |
11.981 |
|
|
|
|
|
|
|
|
|
Add |
MAT Adjustment |
0.000 |
0.179 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
45.061 |
32.489 |
22.342 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.29 |
12.13 |
12.60 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.84
|
5.52 |
7.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
8.31 |
10.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.23
|
17.52 |
23.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.34 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.72
|
0.47 |
0.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.77
|
2.76 |
2.80 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
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 |
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 |
Yes |
|
34] |
External Agency Rating, if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24290JH2004PTC010724 |
|
Name of the
company |
JHARKHAND
GRIND-CHEM PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No: M-12(P), M-13(P) and M-14(P), 7th Phase, Industrial Area,
Adityapur, Jamshedpur – 832109, Jharkhand, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
80022185 |
|
Type of charge |
· Immovable property · Book debts · Movable property (not being pledge) ·
Others (Stock) |
|
Particular of
charge holder |
State Bank of India, SME Branch Adityapur, Adityapur, Jamshedpur - 831013, Jharkhand, India |
|
Nature of instrument
creating charge |
Letter of
Arrangement, Supplemental Agreement of Loan - cum – Hypothecation |
|
Date of
instrument Creating the charge |
20.06.2012 |
|
Amount secured by
the charge |
Rs.62.905
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest On Working
Capital - 3% above the base rate which is presently 10% p. a., present
effective rate 13% p. a. calculated on
daily products at monthly rests. On Term Loan - 3.15% above the base rate. Terms of Repayment Working Capital -
on demand Term Loan Margin Working Capital: Stock - 25% Receivables - 40% Term Loan - 35% B. G. and L. C. -
25% Extent and Operation of the charge First charge on all
present and future stock of raw material, semi finished goods and finished
goods, stock in transit, other consumable, book debts and receivables. First
charge on all present and future machine/equipment and other fixed assets of
the company. Equitable mortgage
of factory land and building/superstructure thereon situated at village -
Asangi, Thana - Saraikela, District. - Saraikeala-Kharsawan, corresponding to
plot no. M-12(P), M-13(P) and M-14(P), Phase - Village, Industrial Area,
Adityapur |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Equitable mortgage of factory land and building/superstructure thereon situated at village - Asangi, Thana - Saraikela, District - Saraikeala-Kharsawan, corresponding to plot no. M-12(P), M-13(P) and M-14(P), Phase - Village, Industrial Area, Adityapur |
|
Date of
instrument modifying the charge |
08.07.2011 |
|
Particulars of
the present modification |
Overall limit enhanced
from Rs.45.348 Millions to Rs.62.905 Millions. However Second charge extended
to M/s Grind Chem. |
FIXED ASSETS
· Computer and Access
· Electric Installation
· Factory Shed and Building
· Furniture and Fixtures
· Office Equipment
· Plant and Machinery
· Vehicle
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.53.77 |
|
|
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.