MIRA INFORM REPORT
|
Report Date : |
19.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
HEUBACH COLOUR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 9002-9010, Phase VI, G.I.D.C., Ankleshwar – 393002, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.09.1993 |
|
|
|
|
Com. Reg. No.: |
04-033372 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.412.376 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110GJ1993PTC033372 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDH00571E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH2578P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Organic
Pigments. |
|
|
|
|
No. of Employees
: |
100 (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 7090000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Financial position of the company appears to be sound. The company performance
seems to be good. Trade relations are reported to be decent. 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 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB+ (Long Term Bank Rating) |
|
Rating Explanation |
Having moderate degree of safety regarding
timely servicing of financial obligations. It carry moderate credit risk. |
|
Date |
April 2012 |
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. 9002-9010, Phase VI, G.I.D.C., Ankleshwar – 393002, Gujarat,
India |
|
Tel. No.: |
91-2646-251623/ 252160/ 252160/ 252289/ 250363 |
|
Fax No.: |
91-2646-250343 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq.fts |
|
Location : |
Owned |
|
|
|
|
Mumbai Office : |
22, Ajay Shopping Center, T. H. Kataria Marg, Matunga (Wes), Mumbai –
400016, Maharashtra, India |
|
Tel. No.: |
91-22-24310933/ 34 |
|
Fax No.: |
91-22-24308836/ 24372679 |
|
E-Mail : |
|
|
|
|
|
Baroda Office : |
Land Mark", 2nd Floor, Gotri Road, Race Course Circle, Vadodara - 390007, Gujarat, India |
|
Tel. No.: |
91-265-2343310/ 2314860/ 2341651 |
|
Fax No.: |
91-265-2341682/ 2354827 |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. |
|
Designation : |
Managing Director |
|
Address : |
91B, Lotus Court Wing, Near Hari
Bhakti Colony, Race Course Circle, Vadodara – 390015, Gujarat, India |
|
Date of Birth/Age : |
07.02.1961 |
|
Qualification : |
B.Com, Dip. In Journalism |
|
Date of Appointment : |
15.05.1994 |
|
PAN No.: |
AAFPK0850K |
|
DIN No.: |
01761752 |
|
|
|
|
Name : |
Mr. Ashok G. Chitre |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No.1319, Near Gil Colony, GIDC,
Ankelshwar, Bharuch – 393002, Gujarat, India |
|
Date of Birth/Age : |
13.01.1945 |
|
Date of Appointment : |
01.07.2000 |
|
PAN No.: |
ABSPC2952L |
|
DIN No.: |
00110105 |
KEY EXECUTIVES
|
Name : |
Ms. Kirti Ramchandra Pawar |
|
Designation : |
Company Secretary |
|
Address : |
5, Dindayal Society, Munj Mahuda, Old Padra Road, Vadodara - 390020,
Gujarat, India |
|
Date of Birth/Age : |
19.07.1985 |
|
Date of Appointment : |
17.01.2011 |
|
PAN No: |
APJPP6699A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Equity Shareholders |
|
No. of Shares |
|
HP Colour Cyprus Limited, Cyprus |
|
873735 |
|
|
|
167 |
|
Pigment Colour Limited, |
|
6600 |
|
|
|
|
|
Total |
|
880502 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Pigment Colour Limited, Bermuda
|
|
3243260 |
|
|
|
|
|
Total |
|
3243260 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.98 |
|
Directors or relatives of directors |
|
0.02 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Organic
Pigments. |
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|
Products : |
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GENERAL INFORMATION
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||||||||
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Bankers : |
|
|||||||||||||||||||||
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|||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
Notes: Installments falling due in respect of all the above Loans upto March 31, 2013 (Previous year upto March 31, 2012) have been grouped under ?Current maturities of long-term debt Nature of Security and terms of repayment for Long Term secured borrowings:
Terms of repayment for Long Term unsecured borrowings: Repayable in 10 half-yearly installments starting from April 2012. Last installment due in September 2016. *Secured by land, building, plant and machinery and hypothecation of present and future inventories and book debts. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lovelock and Lewes Chartered Accountants |
|
Address : |
President Plaza, First Floor, Opposite Muktidham, Derasar, Thaltej, Ahmedabad – 380054 |
|
PAN No.: |
AABFL5878L |
|
|
|
|
Ultimate Holding Company
: |
Heubach Research Centre s.r.o |
|
|
|
|
Associates : |
|
|
|
|
|
Subsidiary Company
: |
Heubach Japan Kabushikikaiysya |
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|
|
|
Holding Company : |
|
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.100/- each |
Rs.125.000 Millions |
|
3250000 |
Preference Shares |
Rs.100/- each |
Rs.325.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.450.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
880502 |
Equity Shares |
Rs.100/- each |
Rs.88.050 Millions |
|
3243260 |
Preference Shares |
Rs.100/- each |
Rs.324.326 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.412.376 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 |
412.376 |
412.376 |
412.376 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1360.718 |
1289.397 |
1159.058 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1773.094 |
1701.773 |
1571.434 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1294.823 |
1024.644 |
1188.837 |
|
|
2] Unsecured Loans |
257.829 |
289.332 |
325.008 |
|
|
TOTAL BORROWING |
1552.652 |
1313.976 |
1513.845 |
|
|
DEFERRED TAX LIABILITIES |
37.408 |
40.124 |
64.365 |
|
|
|
|
|
|
|
|
TOTAL |
3363.154 |
3055.873 |
3149.644 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1307.406 |
1125.427 |
1332.334 |
|
|
Capital work-in-progress |
122.116 |
226.345 |
95.696 |
|
|
|
|
|
|
|
|
INVESTMENT |
21.833 |
21.825 |
19.369 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
FOREIGN CURRENCY MONETARY ITEM TRANSLATION DIFFERENCE ASSET ACCOUNT |
36.214 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1252.789
|
1160.286 |
1121.893
|
|
|
Sundry Debtors |
718.742
|
627.578 |
568.865
|
|
|
Cash & Bank Balances |
92.689
|
38.666 |
29.023
|
|
|
Other Current Assets |
0.262
|
6.232 |
0.672
|
|
|
Loans & Advances |
395.644
|
369.867 |
297.988
|
|
Total
Current Assets |
2460.126
|
2202.629 |
2018.441 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
268.549
|
299.938 |
298.670
|
|
|
Other Current Liabilities |
294.903
|
213.212 |
10.305
|
|
|
Provisions |
21.089
|
7.203 |
7.221
|
|
Total
Current Liabilities |
584.541
|
520.353 |
316.196 |
|
|
Net Current Assets |
1875.585
|
1682.276 |
1702.245
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3363.154 |
3055.873 |
3149.644 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
2470.249 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA
|
2257.373 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
464.083 |
403.301 |
212.876 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
273.644 |
274.073 |
270.873 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
ITEMS |
0.000 |
0.000 |
4.388 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
190.439 |
129.228 |
(62.385) |
|
|
|
|
|
|
|
|
|
|
TAX |
37.284 |
7.379 |
(12.836) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
153.155 |
121.849 |
(49.549) |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
976.061 |
842.470 |
NA |
|
|
|
|
|
|
|
|
|
|
ADJUSTMENT OF
FOREIGN CURRENCY |
(81.834) |
11.742 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
71.321 |
133.591 |
909.299 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
173.94 |
138.39 |
(61.64) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
NA |
(2.01) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.05 |
3.88 |
(1.86) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.08 |
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.88 |
0.77 |
0.96
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.21 |
4.23 |
6.38
|
LOCAL AGENCY FURTHER INFORMATION
|
LITIGATION
DETAILS |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
HIGH COURT OF
GUJARAT TAX APPEAL No.
1363 of 2011 |
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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 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Interest free loan from Pigment Colour Limited |
257.829 |
289.332 |
|
|
|
|
|
Total |
257.829 |
289.332 |
NOTE
Registered office has been shifted from Plot No. 9002-9010, Phase 4, GIDC,
Ankleshwar – 393002,
To the present address w.e.f. 10.02.2011
FORM 8
|
Corporate
identity number of the company |
U24110GJ1993PTC033372 |
|
Name of the
company |
HEUBACH COLOUR
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.9002-9010, Phase VI, GIDC, Ankleshwar-393002, Gujarat, India E-mail.: kirti.pawar@heubach-india.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10288540 |
|
Type of charge |
|
|
Particular of charge
holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai-400013, Maharashtra, India E-mail: vivek.agarwal@hdfcbank.com
|
|
Nature of
instrument creating charge |
Supplemental
Letter of Hypothecation of Stocks, Book Debts And Machinery Dated 12.07.2012. |
|
Date of
instrument Creating the charge |
12.07.2012 |
|
Amount secured by
the charge |
Rs. 325.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest As per the
Agreement and As may be specified by the Bank from time to time Terms of repayment As per the Agreement
and As may be specified by the Bank from time to time Margin As per the
Agreement and As may be specified by the Bank from time to time Extent and operation of the charge First P.P. charge
by way of Hypothecation of Stocks, Book debts and Movable FA of the company
both present and Future dated 30.06.10 and Suppl. Letter of Hypothecation of
Stocks, Book debts and Machinery dated 12.07.2012. |
|
Short particulars
of the property charged (Including location of the property) |
First P.P. charge
by way of Hypothecation of Stocks, Book debts and Movable FA of the company
both present and Future dated 30.06.10 and Suppl. Letter of Hypothecation of
Stocks, Book debts and Machinery dated 12.07.2012. |
|
Date of
instrument modifying the charge |
30.06.2010 |
|
Particulars of
the present modification |
To Enhance Credit
Facility From Rs. 160.000 Millions To Rs. 325.000 Millions |
FIXED ASSETS
- Leasehold Land
- Buildings
- Plant and Machinery
- Vehicles
- Laboratory Equipments
- Computers
- Furniture and Fixtures
- Office Equipments
- GIDC Pipeline Development
- Computer Software
- Goodwill
- Trademarks
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.54.29 |
|
|
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.70.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.