MIRA
INFORM REPORT
|
Report Date : |
25.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
K K CHEMPRO (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-6 Kishor CHS Limited, Datta Mandir Road, A Wing, 2nd
Floor, Malad (East), Mumbai – 400097, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.05.2008 |
|
|
|
|
Com. Reg. No.: |
11-182345 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.250
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2008PTC182345 |
|
|
|
|
IEC No.: |
0309005191 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK18185G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK3820C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in trading of products of various chemicals mainly
under the distributorship agreement with Dow Corning and 3M besides
manufacturing under TOLL Conversion. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 170000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct. The company can be considered 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue before
the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c
(Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been
launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE2B |
|
Rating Explanation |
High performance capability and moderate
financial strength. |
|
Date |
15.04.2013 |
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 : |
A-6 Kishor CHS Limited, Datta Mandir Road, A Wing, 2nd
Floor, Malad East, Mumbai – 400097, Maharashtra, India |
|
Tel. No.: |
91-22-32920015 |
|
Mobile No.: |
91-9324452433 (Mr. Nilesh Jadhav) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Locations : |
Rented |
|
|
|
|
Godown : |
Grow Logistics, Godown No. D/9/A, Gupta Warehousing Complex, Anjur Road
Village Dapoda, Bhiwandi, District Thane, Maharashtra, India |
|
Locations : |
Rented |
|
|
|
|
Administrative/ Branch Office : |
Plot No. 8, GAVL Society, Near Kwality Engineering, Gorai Pada, Vasai-
East, District Thane-401208, Maharashtra, India |
|
Tel. No.: |
95-250-3296582/ 6450868/ 2457300 |
|
Fax No.: |
95-250-2454013 |
|
|
|
|
Branch Office : |
442, New Corporate Plaza, A Wing, Ramchandra Lane Extension, Opposite
Kapole Wadi, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-32672298/ 28441272/ 28833353 |
|
Fax No.: |
91-22-28441272 |
DIRECTORS
As on: 28.09.2013
|
Name : |
Mr. Sumant Deendayal Agarwal |
|
Designation : |
Director |
|
Address : |
Kishore CHS Limited, ‘A’ Wing, 2nd Floor, Dutta Mandir Road,
Malad (East), Mumbai – 400097, Maharashtra, India |
|
Date of Birth/Age : |
03.05.1972 |
|
Qualification : |
B.E (Chemical) |
|
Date of Appointment : |
17.05.2008 |
|
DIN No.: |
02037020 |
|
|
|
|
Name : |
Mr. Nitin Sethi |
|
Designation : |
Director |
|
Address : |
A-64, Manali Building No. 1, Evershine Nagar, Malad (West),
Mumbai-400064, Maharashtra, India |
|
Date of Birth/Age : |
11.07.1971 |
|
Qualification : |
B.E. (Chemical) PGDM (Adv Marketing) |
|
Date of Appointment : |
17.05.2008 |
|
DIN No.: |
01952813 |
|
|
|
|
Name : |
Mr. Mukesh Kishorilala Gupta |
|
Designation : |
Director |
|
Address : |
73/74, Manali Building No. 5, Evershine Naar, Malad (West),
Mumbai-400064, |
|
Date of Birth/Age : |
11.07.1965 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
17.05.2008 |
|
DIN No.: |
00372861 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2013
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Sumant Agarwal |
|
22800 |
|
Nitin Sethi |
|
22800 |
|
Mukesh Gupta |
|
5000 |
|
Mukesh Gupta HUF |
|
17800 |
|
Insai Fashions Private Limited, India |
|
31600 |
|
Total |
|
100000 |
|
Names of
Shareholders (Preference Shares) |
|
No.
of Shares |
|
Duke Business Private Limited, India |
|
12500 |
|
Olive Overseas Private Limited, India
|
|
12500 |
|
Total |
|
25000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
31.60 |
|
Others |
68.40 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in trading of products of various chemicals mainly
under the distributorship agreement with Dow Corning and 3M besides
manufacturing under TOLL Conversion. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Citi Bank N.A., Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East) Mumbai – 400051 Maharashtra India · Corporation Bank, Nariman Point Branch, 1st Floor, Earnest House, Nariman Point, Mumbai-400021, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
AIMV and Associates Chartered Accountants |
|
Address : |
G-1, Sushila Palace, Opposite Swagat Hall, Borivali (East), Mumbai –
400066, Maharashtra, India |
|
PAN No.: |
AATFM0822H |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125,000 |
Equity Shares |
Rs.10/- each |
Rs.1.250 Millions |
|
25,000 |
Preference Shares |
Rs.10/- each |
Rs.0.250 Million |
|
|
Total |
|
Rs.1.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
Million |
|
25,000 |
Preference Shares |
Rs.10/- each |
Rs.0.250
Million |
|
|
Total |
|
Rs.1.250 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.250 |
1.250 |
1.250 |
|
(b) Reserves & Surplus |
41.916 |
33.681 |
24.254 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
43.166 |
34.931 |
25.504 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
8.569 |
7.980 |
1.556 |
|
(b) Deferred tax liabilities (Net) |
0.811 |
0.473 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.094 |
0.000 |
0.161 |
|
Total Non-current Liabilities (3) |
9.474 |
8.453 |
1.717 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
23.346 |
17.126 |
16.346 |
|
(b) Trade payables |
38.604 |
36.679 |
37.567 |
|
(c) Other current
liabilities |
2.664 |
3.570 |
2.301 |
|
(d) Short-term provisions |
4.818 |
4.448 |
3.217 |
|
Total Current Liabilities (4) |
69.432 |
61.823 |
59.431 |
|
|
|
|
|
|
TOTAL |
122.072 |
105.207 |
86.652 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8.207 |
8.353 |
7.052 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.081 |
0.081 |
0.004 |
|
(c) Deferred tax assets (net) |
0.000 |
0.031 |
0.005 |
|
(d) Long-term Loan and Advances |
0.187 |
0.077 |
0.052 |
|
(e) Other Non-current assets |
2.114 |
2.966 |
2.523 |
|
Total Non-Current Assets |
10.589 |
11.508 |
9.636 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
33.167 |
24.679 |
21.340 |
|
(c) Trade receivables |
61.443 |
58.319 |
43.038 |
|
(d) Cash and cash
equivalents |
7.552 |
3.347 |
8.195 |
|
(e) Short-term loans and
advances |
1.516 |
0.395 |
0.376 |
|
(f) Other current assets |
7.805 |
6.959 |
4.067 |
|
Total Current Assets |
111.483 |
93.699 |
77.016 |
|
|
|
|
|
|
TOTAL |
122.072 |
105.207 |
86.652 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
257.371 |
196.559 |
|
|
|
Other Income |
|
0.939 |
1.359 |
|
|
|
TOTAL (A) |
268.229 |
258.310 |
197.918 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Cost of Materials Sold |
255.381 |
219.033 |
179.983 |
|
|
|
Changes in Inventories of Stock-in-trade |
|
(3.339) |
(11.652) |
|
|
|
Employee Benefits Expenses |
|
8.702 |
6.444 |
|
|
|
Others Expenses |
|
15.925 |
11.082 |
|
|
|
Exceptional Items |
|
0.027 |
0.129 |
|
|
|
TOTAL (B) |
255.381 |
240.348 |
185.986 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Deprecation and Financial Expenses) |
17.962 |
11.932 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
4.130 |
2.250 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
13.832 |
9.682 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.216 |
0.073 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12.848 |
13.616 |
9.609 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.614 |
4.189 |
3.096 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.234 |
9.427 |
6.513 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
5.590 |
5.862 |
6.758 |
|
|
TOTAL EARNINGS |
5.590 |
5.862 |
6.758 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Import Value |
34.328 |
27.317 |
3.008 |
|
|
TOTAL IMPORTS |
34.328 |
27.317 |
3.008 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
65.87 |
75.42 |
52.11 |
|
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%20PRIVATE%20LIMITED%20-%20243139%2025-Nov-2013_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20243139%2025-Nov-2013_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.07
|
3.65
|
3.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
5.29
|
4.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.53
|
12.96 |
11.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.39 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.74
|
0.72 |
0.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61
|
1.52 |
1.30 |
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 |
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 |
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 LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
LONG TERM BORROWINGS |
|
|
|
Loans and
Advances from related parties |
|
|
|
From Directors |
0.458 |
0.458 |
|
From Relatives |
7.605 |
5.698 |
|
Total |
8.063 |
6.156 |
OPERATIONS:
The Gross income rose to Rs.268.229 Millions from Rs.258.310 Millions in
same period last year registering marginal growth of 3.60%, However, profit
before tax is reduced to Rs.12.848 Millions from Rs.13.616 Millions on account
of higher marketing cost to sustain the existing and explore the new market of
the products of the company.
The company foresees better results in the current year on account of
launch of new products.
GENERAL
INFORMATION:
Subject is a private company domiciled in India and incorporated under
the provision of the companies Act, 1956. It shares are not listed on any stock
exchange. The company is engaged in trading of products of various chemicals
mainly under the distributorship agreement with Dow Corning and 3M besides
manufacturing under TOLL Conversion. The company caters to both domestic and
international markets.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10305415 |
31/01/2013 * |
56,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA
COMPLEX, BANDRA (E), MUMBAI, Maharashtra |
B68448380 |
|
2 |
10270129 |
21/01/2011 |
440,000.00 |
CORPORATION BANK |
NARIMAN POINT BRANCH,1ST FLOOR,EARNEST HOUSE, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B06488514 |
|
3 |
10272527 |
21/01/2011 |
440,000.00 |
CORPORATION BANK |
NARIMAN POINT BRANCH,1ST FLOOR, EARNEST HOUSE, NAR |
B06506323 |
|
4 |
10242444 |
15/09/2010 |
25,000,000.00 |
CORPORATION BANK |
NARIMAN POINT BRANCH,1ST FLOOR, EARNEST HOUSE, NAR |
A95831012 |
* Date of charge modification
FIXED ASSETS:
· Office Premises and Building
· Vehicles
· Office Equipment
· Computer and Printers
· Furniture and Fixtures.
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.63.02 |
|
|
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.84.92 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.