MIRA INFORM REPORT
|
Report Date : |
26.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
EMICHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
18, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.05.1997 |
|
|
|
|
Com. Reg. No.: |
21-084194 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 4.066 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24119WB1997PTC084194 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALE01247B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Dyes and Pigments. |
|
|
|
|
No. of Employees
: |
75 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 29000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
financial strength of the company appears to be moderate. Profitability of
the company appears to be low. Trade relations are reported as fair. Business
is active. Payments are reported to be slow. The company can be considered for business dealing with some 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 – 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.
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. Binoy Kejriwal |
|
Designation : |
Chairman cum Managing Director |
|
Contact No.: |
91-9830045431 |
|
Date : |
01.03.2013 |
LOCATIONS
|
Registered Office : |
18, |
|
Tel. No.: |
91-33-22714402/ 22725372/ 64505372/ 40440048/ 0160 91-9830045431 (Mr. Binoy Kejriwal) |
|
Fax No.: |
91-33-22699616 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Jalan Industrial Estate (Near |
|
Tel. No.: |
91-33-64506756 |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Binoy Kejriwal |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
29.11.1970 |
|
Date of Appointment : |
02.05.1997 |
|
Election Commission Identity Card No : |
FSZ2012417 |
|
DIN No.: |
00197517 |
|
|
|
|
Name : |
Mrs. Purnima Kejriwal |
|
Designation : |
Director |
|
Address : |
C/O Kamala Gudakhu Factory, Chakradharpur, West Singhbhum - 833 102,
Jharkand, India |
|
Date of Birth/Age : |
14.01.1947 |
|
Date of Appointment : |
02.05.1997 |
|
Election Commission Identity Card No : |
BR/51/299/465052 |
|
DIN No.: |
01301804 |
|
|
|
|
Name : |
Mrs. Lata Kejriwal |
|
Designation : |
Director |
|
Address : |
C/O Kamala Gudakhu Factory, Chakradharpur, West Singhbhum - 833 102,
Jharkand, India |
|
Date of Birth/Age : |
22.12.1961 |
|
Date of Appointment : |
02.05.1997 |
|
Election Commission Identity Card No : |
BR/51/299/465054 |
|
DIN No.: |
01309953 |
|
|
|
|
Name : |
Mrs. Nupur Kejriwal |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
16.10.1973 |
|
Date of Appointment : |
12.05.1999 |
|
Election Commission Identity Card No : |
FEZ2012409 |
|
DIN No.: |
00197540 |
|
|
|
|
Name : |
Mr. Kamalendu Kejriwal |
|
Designation : |
Director |
|
Address : |
C/O Kamala Gudakhu Factory, Chakradharpur, West Singhbhum - 833 102,
Jharkand, India |
|
Date of Birth/Age : |
04.01.1962 |
|
Date of Appointment : |
01.07.2003 |
|
Election Commission Identity Card No : |
BR/51/299/465053 |
|
DIN No.: |
00197189 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Binoy Kejriwal |
|
78600 |
|
Lata Kejriwal |
|
45100 |
|
Bijoy Kumar Agarwal |
|
1100 |
|
Purnima Kejriwal |
|
30100 |
|
Kamalendu Kejriwal |
|
35500 |
|
Sanwarmal Kejriwal |
|
24600 |
|
Sanwarmal Kejriwal (HUF) |
|
46000 |
|
Nupur Kejriwal |
|
115000 |
|
Omprakash Kejriwal (HUF) |
|
30000 |
|
Pawan Kumar Surekha |
|
100 |
|
Pawan Kumar Surekha (HUF) |
|
100 |
|
Vijay Kumar Jhunjhunwala |
|
100 |
|
Ramjiwan Sharma (HUF) |
|
100 |
|
Ranjit Dey |
|
100 |
|
Surojit Das |
|
100 |
|
Total |
|
406600 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Dyes and Pigments. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
Dyes and Pigments |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 Days) |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
|
C.P.C. Blue |
Not Applicable |
30 M.T. |
|
Nigrosine Black |
Not Applicable |
30 M.T. |
|
Anthraquinone |
Not Applicable |
30 M.T. |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
75 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli, Mumbai-400 018, Maharashtra, India
Tel No : 91-33-22298179 Fax No: 91-33-22277385 Email : kol.overseas7216@vijayabank.com
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
Note : Foreign Bill Purchase and Packing Credit Loan, both are
secured against stock‐in‐trade
and Export Bills drawn as Principal security and Loan and Building
with Factory Shed as collateral Security. Moreover 2 Directors have given
their Personal Guarantee towards
the Loan. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Krishna Kumar and Company Chartered Accountants |
|
Address : |
13, Crooked Lane, Room No.403, Kolkata - 700 069, West |
|
Tel. No.: |
91-33-22488617/ 5377 |
|
PAN
No.: |
AAHFK2658P |
|
|
|
|
Entities Under the Control of the Management : |
|
CAPITAL STRUCTURE
As on 28.09.2012
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 |
|
|
|
|
|
|
406600 |
Equity Shares |
Rs.10/- each |
Rs. 4.066 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 |
4.066 |
4.066 |
4.066 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3.143 |
2.196 |
1.459 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.209 |
6.262 |
5.525 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.294 |
4.487 |
8.950 |
|
|
2] Unsecured Loans |
10.682 |
6.628 |
5.768 |
|
|
TOTAL BORROWING |
19.976 |
11.115 |
14.718 |
|
|
DEFERRED TAX LIABILITIES |
0.219 |
0.154 |
0.194 |
|
|
|
|
|
|
|
|
TOTAL |
27.404 |
17.531 |
20.437 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.887 |
5.110 |
5.267 |
|
|
Capital work-in-progress |
0.703 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.858
|
8.276 |
0.149 |
|
|
Sundry Debtors |
9.332
|
7.723 |
6.131 |
|
|
Cash & Bank Balances |
7.106
|
3.112 |
6.811 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
11.417
|
6.075 |
4.680 |
|
Total
Current Assets |
28.713
|
25.186 |
17.771 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.084
|
9.670 |
1.050 |
|
|
Other Current Liabilities |
2.468
|
2.165 |
0.981 |
|
|
Provisions |
1.347
|
0.930 |
0.570 |
|
Total
Current Liabilities |
6.899
|
12.765 |
2.601 |
|
|
Net Current Assets |
21.814
|
12.421 |
15.170 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
27.404 |
17.531 |
20.437 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
64.991 |
75.616 |
46.666 |
|
|
|
Other Income |
3.018 |
1.779 |
1.009 |
|
|
|
TOTAL |
68.009 |
77.395 |
47.675 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
0.666 |
|
|
|
Purchases |
|
|
36.254 |
|
|
|
Direct Expenses |
|
|
0.649 |
|
|
|
Other Expenses |
|
|
9.314 |
|
|
|
TOTAL |
64.237 |
74.790 |
46.883 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
3.772 |
2.605 |
0.792 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.668 |
1.260 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.104 |
1.345 |
0.792 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.243 |
0.315 |
0.261 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.861 |
1.030 |
0.531 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.915 |
0.310 |
0.210 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.946 |
0.720 |
0.321 |
|
|
|
|
|
|
|
|
|
|
TOTAL EARNINGS |
63.265 |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.33 |
1.77 |
0.79 |
|
Expected Sales ( 2012-2013 ) : Rs. 85.000 Millions
The above information has been parted by Mr. Binoy Kejriwal (Chairman cum Managing Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.39
|
0.93 |
0.67 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.86
|
1.36 |
1.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.54
|
3.40 |
2.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.16 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.77
|
1.77 |
3.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.16
|
1.97 |
6.83 |
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 |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating, if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24119WB1997PTC084194 |
|
Name of the
company |
EMICHEM PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
18, Email : emichem@cal.vsnl.net.in |
|
This form is for |
Creation of charge |
|
Type of charge |
|
|
Particular of
charge holder |
9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli, Mumbai-400 018, Maharashtra, India Email : Dlbbcadkol@yesbank.in |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation dated 24th August 2012 |
|
Date of
instrument Creating the charge |
24.08.2012 |
|
Amount secured by
the charge |
Rs.17.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Pre-Shipment
Advance / Post Shipment Advance in Indian and Foreign Currency (EPC / PCFC /
PSFC)- To be decided at the time of transaction as per Banks Extant guidelines
from time to time. Terms of Repayment: Pre-Shipment
Advance / Post Shipment Advance in Indian and Foreign Currency (EPC / PCFC /
PSFC) Aggregate 120 days. Margin: Pre-Shipment
Advance / Post Shipment Advance in Indian and Foreign Currency (EPC / PCFC /
PSFC)- 25% on value of Export Order received/ LC , Post shipment credit : 10%
for PSFC on value Extent and Operation of the charge: First pari passu
charge on Current Assets present and future of the Company. |
|
Short particulars
of the property charged |
First pari passu
charge on Current Assets present and future of the Company.. |
Note:
The registered office of the company has been shifted from
7, Tara Chand Dutta Street, Office No.31, Kolkata – 700 073, West Bengal to the
present address w.e.f. 02.01.2012.
FINANCIAL ANALYSIS
During the year, the company has achieved a Total Turnover of Rs. 68.009 Millions out of which only Export Turnover was 63.445 Millions. The company has earned a Pre-Tax Profit of Rs. 1.861 Millions. However after providing Rs. 0.550 Millions for Income Tax the balance together with brought forward balance has been transferred to Balance Sheet.
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
From Others |
|
|
|
From Body Corporates |
8.987 |
4.278 |
|
From Related
Parties |
|
|
|
From Directors and Shareholders |
0.213 |
0.197 |
|
From Body Corporates |
1.482 |
2.153 |
|
Total |
10.682 |
6.628 |
FIXED ASSETS:
- Land
- Factory Shed
and Building
- Plant and
Machinery
- Motor Cycle
- Electrical
Installations
- Furniture and
Fixture
- Computer
- Laboratory
Equipments
- Fire
Extinguisher
- Weighing
Scale
- Tube Well
- Motor Car
- Office
Equipments
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.54.10 |
|
|
1 |
Rs.82.47 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
RSMK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
34 |
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.