|
Report Date : |
29.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAKWELL PLASTISIZERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-506, Bhaveshwar Plaza, Opposite Shreyas Cinema, L.B.S. Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.12.1992 |
|
|
|
|
Com. Reg. No.: |
11-070204 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 1.510
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1992PTC070204 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM16661B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM3126E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and exporter of Chlorinated Paraffin and Epoxidized
Soyabean Oil. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 805000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
The financial position of the company appears to be good. Trade relations are reported as decent. Business is active. Payment
terms are reported to be usually correct and as per commitments The company can be considered for business dealings at usual trade
terms and conditions. Note: Profit and Loss statement is not made available for the year
2012 and 2011. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Scale – Fund Based Limit – BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
February 27, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Scale – Fund Based and Non-Fund
Based Limit – A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
February 27, 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.
INFORMATION PARTED BY
|
Name : |
Mr. Somnath |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-25004848 |
|
Date : |
29.05.2013 |
LOCATIONS
|
Registered
Office : |
A-506, Bhaveshwar Plaza, Opposite Shreyas Cinema, L.B.S. Marg, Ghatkopar
(West), Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25004848 / 40464848 |
|
Mobile No: |
91-9892584900 (Mr. Shashikant Thakkar) |
|
Fax No.: |
91-22-25004800 |
|
E-Mail : |
|
|
Website : |
www.makwellplastisizers.com
|
|
Area : |
1500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
57, D/B, MIDC, Vapi – 396195, |
|
Tel. No.: |
91-260-2423495 |
|
Area : |
100000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Zubin Kishor Thakker |
|
Designation : |
Director |
|
Address : |
10, Natraj, R.
B. Mehta Marg, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
11.04.1974 |
|
Date of Appointment : |
16.01.1999 |
|
DIN No.: |
00300594 |
|
|
|
|
Name : |
Mr. Kishor Nemchand Thakker |
|
Designation : |
Director |
|
Address : |
10, Natraj, R.
B. Mehta Marg, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
04.03.1944 |
|
Date of Appointment : |
29.12.1992 |
|
DIN No.: |
00300652 |
|
|
|
|
Name : |
Mr. Shashikant Nemchand Thakker |
|
Designation : |
Director |
|
Address : |
1307, Saihyadri,
Neelkanth Vally, Rajawadi, Ghatkopar (East), Mumbai – 400077, Maharashtra,
India |
|
Date of Birth/Age : |
29.05.1938 |
|
Date of Appointment : |
29.12.1992 |
|
DIN No.: |
00300693 |
|
|
|
|
Name : |
Mr. Hiren Shashikant Thakker |
|
Designation : |
Director |
|
Address : |
1307, Saihyadri,
Neelkanth Vally, 7th Road, Rajawadi, Ghatkopar (East), Mumbai – 400077,
Maharashtra, India |
|
Date of Birth/Age : |
14.11.1965 |
|
Date of Appointment : |
29.12.1992 |
|
DIN No.: |
01272661 |
|
|
|
|
Name : |
Mr. Vishal Shashikant Thakker |
|
Designation : |
Director |
|
Address : |
1307, Saihyadri,
Neelkanth Vally, Rajawadi, Ghatkopar (East), Mumbai – 400077, Maharashtra,
India |
|
Date of Birth/Age : |
16.07.1974 |
|
Date of Appointment : |
16.01.1999 |
|
DIN No.: |
01408345 |
|
|
|
|
Name : |
Mr. Amresh Kishor Thakker |
|
Designation : |
Director |
|
Address : |
10, Natraj, R.
B. Mehta Marg, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1972 |
|
Date of Appointment : |
29.12.1992 |
|
DIN No.: |
01501203 |
KEY EXECUTIVES
|
Name : |
Mr. Somnath |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Thakker Nemchand Shashikant |
|
45,000 |
|
Thakker Nemchand Kishor |
|
45,000 |
|
Thakker Shashikant Prafulla |
|
6,000 |
|
Thakker Kishor Indumati |
|
12,000 |
|
Thakker Shashikant Hiren |
|
6,000 |
|
Thakker Hiren Mita |
|
6,000 |
|
Vora Ashok Kaushika |
|
6,000 |
|
Thakker Kishor Amresh |
|
9,000 |
|
Thakker Shashikant Vishal |
|
6,000 |
|
Thakker Kishor Zubin |
|
9,000 |
|
Neelkanth Mansions and Infrastructure Limited, India |
|
1,000 |
|
Total |
|
151,000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
0.66 |
|
Directors
or relatives of directors |
|
99.34 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter of Chlorinated Paraffin and Epoxidized
Soyabean Oil. |
|
|
|
|
Products : |
Ø Benzaldehyde Ø Chemicals Ø Hydrocarbon Ø Hydrochloric
Acid Ø Toulene Ø Wax Ø Paraffin |
|
|
|
|
Exports : |
|
|
Products : |
Chlorinated Paraffin and Epoxidized Soyabean Oil |
|
Countries : |
Singapore China |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Germany |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Ø Akshar
Enterprises Ø A.M. Enterprises
Ø Anticorrosive
Enterprises Ø Ap Computer
Services Ø Ashish
Electricals Ø Dakle Industrial
Plastics Ø Grasim
Industries Limited Ø Reliance
Industries Limited Ø Harin Transport Ø GSR Industries Ø Gupta Barrels Ø Hemani Trasport Ø Indian Oil
Corporation Limited Ø Deep Engineering Ø GLR Enterprises Ø GLR Engineers |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
End Users Ø Ajanta Limited Ø Atlantic
Polymers Ø Bankim Plast Private
Limited Ø Brakes India
Limited Ø D B Rana and
Company Ø DSM India
Private Limited Ø Ester Industries
Limited Ø Fancy Fittings
Limited Ø Finolex Cables
Limited Ø Jain Chemicals Ø Mahan Polymers Ø Maruti
Enterprises Ø Osnar Chemicals
Private Limited Ø Polycab Wires Private
Limited Ø Sai Parn Sheets
Private Limited |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
Bankers : |
Ø Citibank N.A., Citibusiness Citigroup
Centre, 2nd Floor, Bandra Kurla Complex, Bandra (East), Mumbai –
400051, Maharashtra, India Ø ICICI Bank
Limited, Port Branch, Mumbai, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
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Facilities : |
Working Capital – Rs. 40.000 millions (From Citibank) Working Capital – Rs. 50.000 millions (From ICICI Bank Limited)
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
3i Infotech Trusteeship Services Limited, 3rd to 6th
Floor, International Infotech Park, Tower No. 5, Vashi Railway Station
Complex, Vashi, Navi Mumbai – 400703, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Subodh Vora and Company Chartered Accountants |
|
Address : |
307, Bhaveshwar Complex, Opposite Vidyavihar Railway Station,
Vidyavihar (East), Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-67983500/ 67983550/ 25148595 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AABPV7681F |
|
|
|
|
Related Parties : |
Makwell Organics
Private Limited Address: A-506, Bhaveshwar Plaza, Opposite Shreyas Cinema, L.B.S. Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra Line of Business: Manufacturer and exporter of Chlorinated Paraffin and Epoxidized Soyabean Oil. |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
151,000 |
Equity Shares |
Rs.10/- each |
Rs. 1.510
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 |
1.510 |
1.510 |
1.510 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
199.711 |
147.788 |
110.243 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
201.221 |
149.298 |
111.753 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
41.272 |
61.840 |
30.992 |
|
|
2] Unsecured Loans |
8.067 |
14.123 |
21.548 |
|
|
TOTAL BORROWING |
49.339 |
75.963 |
52.540 |
|
|
DEFERRED TAX LIABILITIES |
0.884 |
1.101 |
1.034 |
|
|
|
|
|
|
|
|
TOTAL |
251.444 |
226.362 |
165.327 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
21.467 |
20.841 |
15.384 |
|
|
Capital work-in-progress |
0.000 |
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 |
85.589
|
77.459 |
61.689
|
|
|
Sundry Debtors |
183.462
|
169.863 |
130.440
|
|
|
Cash & Bank Balances |
56.229
|
(19.613) |
5.826
|
|
|
Other Current Assets |
27.311
|
47.931 |
25.033
|
|
|
Loans & Advances |
7.884
|
4.033 |
3.047
|
|
Total
Current Assets |
360.475
|
279.673 |
226.035
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
100.497
|
35.981 |
59.375
|
|
|
Other Current Liabilities |
3.544
|
2.050 |
0.000
|
|
|
Provisions |
26.457
|
36.121 |
16.717
|
|
Total
Current Liabilities |
130.498
|
74.152 |
76.092
|
|
|
Net Current Assets |
229.977
|
205.521 |
149.943
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
251.444 |
226.362 |
165.327 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
980.000 (Approximately) |
960.000 (Approximately) |
672.621 |
|
|
|
Other Income |
NA |
NA |
0.416 |
|
|
|
TOTAL (A) |
NA |
NA |
673.037 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumption |
NA |
NA |
532.537 |
|
|
|
Material Manufacturing and Operating Expenses |
|
|
51.323 |
|
|
|
Administrative Expenses |
|
|
35.768 |
|
|
|
TOTAL (B) |
NA |
NA |
619.628 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
53.409 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
6.465 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
46.944 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
2.529 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
NA |
44.415 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
15.619 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
NA |
NA |
28.796 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
81.110 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
109.906 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
NA |
|
|
|
|
|
FOB Value of Export |
NA |
NA |
103.925 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
CIF Value of Import |
NA |
NA |
240.087 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
NA |
190.70 |
|
|
Particulars |
|
|
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
1000.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs. 1200.000 millions
The above information has been parted by Mr. Somnath (Account Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
N.A. |
N.A. |
4.28 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
N.A. |
N.A. |
6.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
N.A. |
N.A. |
18.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
N.A. |
N.A. |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.89 |
1.01 |
0.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.76 |
3.77 |
2.97 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Trade payable |
100.497 |
35.981 |
59.375 |
|
|
|
|
|
|
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
four year |
Yes |
|
12] |
Profitability for last
one year |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Loans and advance from related parties |
|
|
|
From Promoters/ Directors |
1.688 |
0.565 |
|
From Shareholders and Others |
6.379 |
13.558 |
|
Total |
8.067 |
14.123 |
FIXED ASSETS
Ø Leasehold Land
Ø Factory Buildings
Ø Plant and
Machinery
Ø Fax Machine
Ø Safety Equipment
Ø Weighing Scale
Ø Telephone Systems
Ø Mobile Phone
Ø Electrical
Installation
Ø Furniture and
Fixtures
Ø Office Furniture
and Fixtures
Ø Motor Car
Ø Air Conditioners
Ø Scooter
Ø Cycle
Ø Computer / Printer
Ø Cylinder for So2
Ø Polution Control
Equipment
Ø Reactor
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. 55.74 |
|
|
1 |
Rs. 84.17 |
|
Euro |
1 |
Rs. 72.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
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 |
|
45 |
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.