MIRA INFORM REPORT
|
Report Date : |
14.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
STANDARD GREASES AND SPECIALITIES PRIVATE LIMITED (w.e.f. 11.09.2009) |
|
|
|
|
Formerly Known
As : |
STANDARD GREASES (SILVASSA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
101, Ketan Apartments, 233, R.B. Mahta Marg, Ghatkopar (East), Mumbai
– 400077, |
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.10.2007 |
|
|
|
|
Com. Reg. No.: |
11-174642 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.105.900 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23201MH2007PTC174642 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS2136B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Automotive Industrial Greases and Specialities. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5397000 |
|
|
|
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Unknown |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record. The latest financials (2012) are not made available. As per previous year’s record, the company was found normal for
business dealings. However, trade relations are reported as fair. Business is active.
Payment terms are unknown. The company can be considered for business dealings 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Kamal Agarwal |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-25013641 |
|
Date : |
10.05.2013 |
LOCATIONS
|
Registered Office : |
101, Ketan Apartments, 233, R.B. Mahta Marg, Ghatkopar (East), Mumbai
– 400077, |
|
Tel. No.: |
91-22-25013641 |
|
Fax No.: |
91-22-25010384 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on : 28.09.2012
|
Name : |
Mr. Durgesh Sanjivrao Chandavarkar |
|
Designation : |
Director |
|
Address : |
502, Sea Nymph, Green Field Estate, |
|
Date of Birth/Age : |
07.02.1942 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00176277 |
|
|
|
|
Name : |
Mr. Vinod Somalal Vyas |
|
Designation : |
Director |
|
Address : |
Flat No. 903, Nandadevi, Neel Kanth Valley, 7th Rajawadi
Road, Ghatkopar (East), Mumbai - 400077, Maharashtra, India |
|
Date of Birth/Age : |
15.03.1950 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00176206 |
|
|
|
|
Name : |
Mr. Haresh Somalal Vyas |
|
Designation : |
Director |
|
Address : |
Block No. 23A, Sindhu Baug, Tilak Road, Ghatkopar (East), Mumbai -
400077, Maharashtra, India |
|
Date of Birth/Age : |
05.11.1955 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00181054 |
|
|
|
|
Name : |
Mr. Dhruv Somalal Vyas |
|
Designation : |
Director |
|
Address : |
701A, kukreja Palace, Valabh Baug, Extension Lane, Ghatkopar (East),
Mumbai - 400077, Maharashtra, India |
|
Date of Birth/Age : |
22.06.1959 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00177088 |
|
|
|
|
Name : |
Mr. Ketan Vinod Vyas |
|
Designation : |
Director |
|
Address : |
Flat No. 903, Nandadevi, Neel Kanth Valley, 7th Rajawadi
Road, Ghatkopar (East), Mumbai - 400077, Maharashtra, India |
|
Date of Birth/Age : |
21.06.1974 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00181237 |
|
|
|
|
Name : |
Mr. Bharat Chunnilal Vyas |
|
Designation : |
Director |
|
Address : |
25, Shankar Nagar, Tilak Road, Ghatkopar (East), Mumbai - 400077, Maharashtra,
India |
|
Date of Birth/Age : |
08.04.1961 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00182259 |
|
|
|
|
Name : |
Mr. Vijay Chunnilal Vyas |
|
Designation : |
Director |
|
Address : |
6, Mahendra Villa, tilak road, Ghatkopar (East), Mumbai - 400077,
Maharashtra, India |
|
Date of Birth/Age : |
30.07.1959 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00176656 |
|
|
|
|
Name : |
Mr. Kapil Vinod Vyas |
|
Designation : |
Director |
|
Address : |
Flat No. 903, Nandadevi, Neel Kanth Valley, 7th Rajawadi
Road, Ghatkopar (East), Mumbai - 400077, Maharashtra, India |
|
Date of Birth/Age : |
21.10.1978 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00486031 |
|
|
|
|
Name : |
Mr. Nirmal Ramdas Ruparel |
|
Designation : |
Director |
|
Address : |
202, A2A, |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00176838 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
SHAREHOLDING DETAILS FILE ATTACHED
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 of Automotive Industrial Greases and Specialities. |
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|
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Products/ Services : |
|
PRODUCTION STATUS (As on: 31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
|
Greases |
MTs |
42000 |
42000 |
|
Lubricating Oils |
KLs |
275000 |
275000 |
|
Wind Mill Power |
MWs |
4.5 |
4.5 |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||
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|||||||||||||||
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Bankers : |
·
Kotak Mahindra Bank Limited, 36-38A, Nariman
Bhavan, 227, D, Nariman Point, Mumbai-400021, Maharashtra, India ·
Citibank N.A., Trent House, 2nd Floor,
G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai-400051,
Maharashtra, India |
|||||||||||||||
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|||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
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Auditors : |
|
|
Name : |
Mody and Company Chartered Accountants |
|
Address : |
111-113, Sindh Cloth Market, 2nd Floor, |
|
Tel. No.: |
91-22-22404742/ 22406254 |
|
PAN No.: |
AABFM0677J |
|
|
|
|
Associates : |
· S.G. Transport · Atlantic
Lubricants and Specialist Private Limited · CIN No : U23201MH2002PTC138368 · · Royal Castor
Products Limited CIN No.: U74999GJ1994PLC022829 |
|
|
|
|
Subsidiaries : |
Standard Green Bio-Energy Private Limited CIN No.: U40107MH2007PTC176232 |
CAPITAL STRUCTURE
As on : 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs. 10/-each |
Rs.120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10590000 |
Equity Shares |
Rs. 10/-each |
Rs.105.900 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
105.900 |
105.900 |
105.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1243.435 |
831.494 |
502.276 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1349.335 |
937.394 |
608.176 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
686.131 |
638.490 |
387.844 |
|
|
2] Unsecured Loans |
207.604 |
220.088 |
208.655 |
|
|
TOTAL BORROWING |
893.735 |
858.578 |
596.499 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2243.070 |
1795.972 |
1204.675 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
227.456 |
179.636 |
189.604 |
|
|
Capital work-in-progress |
10.226 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
471.833 |
465.344 |
364.522 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
654.196 |
415.859 |
149.003 |
|
|
Sundry Debtors |
788.908 |
592.449 |
385.322 |
|
|
Cash & Bank Balances |
44.379 |
74.627 |
33.907 |
|
|
Other Current Assets |
0.265 |
0.386 |
336.686 |
|
|
Loans & Advances |
724.519 |
512.040 |
7.770 |
|
Total
Current Assets |
2212.267
|
1595.361 |
912.688 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
156.940 |
106.181 |
|
|
|
Other Current Liabilities |
26.726 |
18.547 |
|
|
|
Provisions |
495.046 |
319.641 |
177.978 |
|
Total
Current Liabilities |
678.712 |
444.369 |
262.139 |
|
|
Net Current Assets |
1533.555 |
1150.992 |
650.549 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2243.070 |
1795.972 |
1204.675 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
6786.089 |
5587.741 |
|
|
|
Other Income |
|
61.798 |
17.816 |
|
|
|
TOTAL (A) |
8007.900 |
6847.887 |
5605.557 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Processing and Operation Expenses |
|
5981.872 |
4981.273 |
|
|
|
Wages and Salaries |
|
71.280 |
44.167 |
|
|
|
Sales, Administrative and Other Expenses |
|
97.722 |
60.715 |
|
|
|
TOTAL (B) |
7293.000 |
6150.874 |
5086.155 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
714.900 |
697.013 |
519.402 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
68.500 |
61.282 |
62.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
646.400 |
635.731 |
457.135 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
33.600 |
111.171 |
53.028 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
612.800 |
524.560 |
404.107 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
176.300 |
182.994 |
103.831 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
436.500 |
341.566 |
300.276 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
568.700 |
274.600 |
8.200 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
General Reserve |
70.000 |
35.000 |
21.500 |
|
|
|
Proposed Dividend |
21.100 |
10.600 |
10.600 |
|
|
|
Tax on Proposed Dividend |
3.400 |
1.800 |
1.800 |
|
|
BALANCE CARRIED
TO THE B/S |
910.700 |
568.700 |
274.500 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export on FOB Basis |
182.129 |
243.456 |
NA |
|
|
TOTAL EARNINGS |
182.129 |
243.456 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
32.444 |
114.298 |
NA |
|
|
TOTAL IMPORTS |
32.444 |
114.298 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
41.22 |
32.25 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.45
|
4.99 |
5.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
7.73 |
7.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.12
|
29.55 |
36.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.56 |
0.66 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.66
|
0.92 |
0.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.26
|
3.59 |
3.48 |
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 |
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 |
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 |
----------------------- |
|
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 |
No |
|
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 |
OUTLOOK :
While 2010-11 has been a year of high economic growth in
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2011 |
As on 31.03.2010 |
|
Loans directors unsecured |
96.113 |
115.534 |
|
Other debt unsecured |
111.491 |
104.554 |
|
|
|
|
|
Total |
207.604 |
220.088 |
BANKERS CHARGES
REPORT AS PER REGISTRY :
|
Corporate
identity number of the company |
U23201MH2007PTC174642 |
|
Name of the
company |
STANDARD GREASES AND SPECIALITIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
101, Ketan Apartments, 233, R.B. Mahta Marg, Ghatkopar (East), Mumbai
– 400077, |
|
This form is for |
Modification of
Charge |
|
Charge
identification (ID) number of the charge to be modified |
10234477 |
|
Type of charge |
|
|
Particular of
charge holder |
Kotak Mahindra
Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai – 400021,
Maharashtra, India Email : kaustubh.padwal@kotak.com
|
|
Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation |
|
Date of
instrument Creating the charge |
21.03.2012 |
|
Rs. 540.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest : As per Bank's
Sanction Letter Terms of Repayment : As per Bank's
Sanction Letter Margin : As per Bank's
Sanction Letter Extend and Operation of the Charge: The Bank is
having first pari passu charge / subservient charge on the security given by
the Company |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
A) Hypothecation by way of first pari passu charge on all existing and future current assets and movable fixed assets of the Borrower along with working capital limits of Citi Bank for Rs.480.000 Millions B) Hypothecation by way of subservient charge on current assets and movable fixed assets, present and future, of the Borrower for Rs. 60.000 Millions |
|
Particulars of
the present modification |
By present
modification, the existing charge amount of Rs.390.000 Millions enhanced to
Rs. 540.000 Millions against the security of A) Hypothecation by way of first
pari passu charge on all existing and future current assets and movable fixed
assets of the Borrower along with working capital limits of Citi Bank for
Rs.480.000 Millions and B) Hypothecation by way of subservient charge on
current assets and movable fixed assets, present and future, of the Borrower
for Rs. 60.000 Millions. |
FIXED ASSETS
Tangible Assets
- Land
- Building
- Plant and Machinery
- Office Equipments
- Factory Equipments
- Computer Equipments
- Furniture and Fixtures
- Vehicles
Intangible Assets
- Computer Software
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. 54.92 |
|
|
1 |
Rs. 84.44 |
|
Euro |
1 |
Rs. 71.32 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
NO |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
35 |
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.