MIRA
INFORM REPORT
|
Report Date : |
09.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
FLOWTECH CHEMICALS PRIVATE LIMITED (w.e.f. 14.06.2012) |
|
|
|
|
Formerly Known
As : |
FLOW WELL PLAST-CHEM PRIVATE LIMITED ADVANCE REXINE PRIVATE LIMITED (w.e.f. 07.09.1998) |
|
|
|
|
Registered
Office : |
314, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.05.1996 |
|
|
|
|
Com. Reg. No.: |
55-078956 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.326 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202DL1996PTC078956 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter, Importer and Supplier of High Quality Chlorinated Paraffin's and Hydrochloric Acids. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 52000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating reflects company’s healthy operational risk profile marked
by sound financial base and fair profitability levels of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Pawan Dogra |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-11-47049211 |
|
Date : |
04.12.2014 |
LOCATIONS
|
Registered Office : |
314, |
|
Tel. No.: |
91-11-47049211 |
|
Mobile No.: |
91-9310308393 (Mr. Pawan) |
|
Fax No.: |
91-11-27356101 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Panchkula, |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Sukgbir Singh Dahiya |
|
Designation : |
Director |
|
Address : |
140, Vasundra Apartments, Sector 9, Rohini, |
|
Date of Birth/Age : |
30.03.1962 |
|
Date of Appointment : |
16.06.2005 |
|
DIN No.: |
00169921 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name Of The Company/ LLP |
Current designation of the Director/
Designated Partner |
Date of appointment at current
designation |
Original date of appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U25202DL1996PTC078956 |
FLOW TECH CHEMICALS PRIVATE LIMITED |
Director |
16-06-05 |
16-06-05 |
- |
Active |
NO |
|
2 |
U24119DL1993PTC125350 |
PRAYAG CHEMICALS PRIVATE LIMITED |
Director |
16-06-05 |
16-06-05 |
- |
Active |
NO |
|
3 |
U18201CH1993PTC013785 |
PRAYAG CHEMICALS PRIVATE LIMITED |
Director |
16-06-05 |
16-06-05 |
- |
Not Available for eFiling |
NO |
|
4 |
U74899DL1995PTC068315 |
|
Director |
18-08-06 |
18-08-06 |
- |
Active |
NO |
|
5 |
U24117DL2006PLC155523 |
|
Director |
15-11-06 |
15-11-06 |
- |
Active |
NO |
|
6 |
U55101DL2010PTC209483 |
JASUDA FARMS AND RESORTS PRIVATE LIMITED |
Director |
18-10-10 |
18-10-10 |
- |
Active |
NO |
|
7 |
U27100DL2010PTC209529 |
FLOWTECH INDUSTRIAL PROJECTS PRIVATE LIMITED |
Director |
19-10-10 |
19-10-10 |
- |
Active |
NO |
|
Name : |
Mr. Jagbir Singh Ahlawat |
|
Designation : |
Director |
|
Address : |
B-302, Welcome Appartments, Sector 9, Rohini, Delhi-110085, |
|
Date of Birth/Age : |
25.10.1959 |
|
Date of Appointment : |
12.10.2002 |
|
DIN No.: |
01139187 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the Director/
Designated Partner |
Date of appointment at current
designation |
Original date of appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U25202DL1996PTC078956 |
FLOW TECH CHEMICALS PRIVATE LIMITED |
Director |
12-10-02 |
12-10-02 |
- |
Active |
NO |
|
2 |
U24119DL1996PTC083527 |
V.S. POLYMERS PRIVATE LIMITED |
Director |
01-07-05 |
01-07-05 |
- |
Active |
NO |
|
3 |
U24117DL2006PLC155523 |
|
Director |
15-11-06 |
15-11-06 |
- |
Active |
NO |
|
4 |
U27100DL2010PTC209529 |
FLOWTECH INDUSTRIAL PROJECTS PRIVATE LIMITED |
Director |
19-10-10 |
19-10-10 |
- |
Active |
NO |
|
5 |
U24119DL1993PTC125350 |
PRAYAG CHEMICALS PRIVATE LIMITED |
Director |
01-04-12 |
01-04-12 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Pawan Dogra |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Prerna Ahlawat |
100100 |
|
Dayawati Dahiya |
86800 |
|
Jagbir Ahlawat |
54310 |
|
Sukhbir Dahiya |
80430 |
|
Satbir Dahiya |
5160 |
|
Baljeet Singh |
5110 |
|
Dharam Dahiya |
50500 |
|
Pritam Bamel |
50200 |
|
TOTAL |
432610 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter, Importer and Supplier of High Quality Chlorinated Paraffin's and Hydrochloric Acids. |
|
|
|
|
Products : |
·
Chlorinated Paraffins 40% ·
Chlorinated Paraffins 42% ·
Chlorinated Paraffins 45% ·
Chlorinated Paraffins 50% ·
Chlorinated Paraffins 52% ·
Chlorinated Paraffins 55% ·
Chlorinated Paraffins 58% ·
Chlorinated Paraffins 60% ·
Chlorinated Paraffins 70% ·
Hydrocloric Acis (HCL) ·
Epoxidized Soyabean Oil ·
Blowing Agents |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
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|
|
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Exports : |
|
|
Products : |
Finished good |
|
Countries : |
·
·
·
·
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
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|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Shell, Malesysia |
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|
|
|
Customers : |
Wholesalers, Retailers and Manufacturer Alfa Vinil, |
|
|
|
|
No. of Employees : |
25 (Approximately) |
|
|
|
|
Bankers : |
·
State Bank Of ·
Standard Chartered Bank, 10, |
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajneesh Associates Chartered Accountant |
|
Address : |
C-60, 3rd Floor, C-Block, Community Centre, Near Janak Cinema, Janakpuri, New Delhi- 110058, Delhi,
India |
|
Tel. No.: |
91-11-25524986 / 25534986 |
|
Mobile No.: |
91-9810073042 |
|
Fax No.: |
91-11-25554986 |
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E-Mail : |
|
|
PAN No.: |
AAAFR5530N |
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|
|
|
Memberships : |
----- |
|
|
|
|
Collaborators : |
----- |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2014
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 |
|
|
|
|
|
|
432610 |
Equity Shares |
Rs.10/- each |
Rs. 4.326 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.326 |
4.326 |
4.326 |
|
(b) Reserves & Surplus |
14.026 |
11.534 |
9.617 |
|
(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) |
18.352 |
15.860 |
13.943 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5.168 |
4.358 |
3.008 |
|
(b) Deferred tax liabilities (Net) |
0.070 |
0.073 |
0.200 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
5.238 |
4.431 |
3.208 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
33.570 |
38.038 |
43.055 |
|
(b) Trade payables |
54.879 |
46.643 |
26.050 |
|
(c) Other current
liabilities |
3.550 |
3.161 |
2.533 |
|
(d) Short-term provisions |
0.235 |
0.171 |
0.021 |
|
Total Current Liabilities (4) |
92.234 |
88.013 |
71.659 |
|
|
|
|
|
|
TOTAL |
115.824 |
108.304 |
88.810 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
13.587 |
11.069 |
7.040 |
|
(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 |
2.500 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
16.087 |
11.069 |
7.040 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
12.236 |
6.456 |
13.602 |
|
(c) Trade receivables |
63.906 |
69.360 |
54.226 |
|
(d) Cash and cash
equivalents |
1.413 |
1.325 |
2.998 |
|
(e) Short-term loans and
advances |
22.182 |
20.094 |
10.944 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
99.737 |
97.235 |
81.770 |
|
|
|
|
|
|
TOTAL |
115.824 |
108.304 |
88.810 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
215.166 |
205.375 |
|
|
|
|
Other Income |
0.500 |
0.000 |
|
|
|
|
TOTAL (A) |
215.666 |
205.375 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
182.331 |
176.419 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
1.862 |
0.515 |
|
|
|
|
Employees benefits expense |
5.088 |
4.761 |
|
|
|
|
Other expenses |
14.412 |
15.411 |
|
|
|
|
TOTAL (B) |
203.693 |
197.106 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
11.973 |
8.269 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.578 |
4.000 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.395 |
4.269 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.773 |
1.477 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.622 |
2.792 |
1.508 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.132 |
0.869 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.490 |
1.923 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.76 |
4.44 |
NA |
|
Expected Sales (2014-15) : Rs. 330.000 Millions
The above information has been parted by Mr. Pawan Dongra (Finance
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.09 |
0.94 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.56 |
4.03 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.96 |
2.58 |
1.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.18 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.11 |
2.67 |
3.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.10 |
1.14 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
4.326 |
4.326 |
4.326 |
|
Reserves & Surplus |
9.617 |
11.534 |
14.026 |
|
Net
worth |
13.943 |
15.860 |
18.352 |
|
|
|
|
|
|
long-term borrowings |
3.008 |
4.358 |
5.168 |
|
Short term borrowings |
43.055 |
38.038 |
33.570 |
|
Total
borrowings |
46.063 |
42.396 |
38.738 |
|
Debt/Equity
ratio |
3.304 |
2.673 |
2.111 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
205.375 |
215.166 |
|
|
|
4.767 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
205.375 |
215.166 |
|
Profit |
1.923 |
4.490 |
|
|
0.94% |
2.09% |
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 two 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 |
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 |
No |
|
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 |
No |
Note:
The registered office of the company has been shifted from 202 P. P. Towers, Plot No. C-1,2.3, Netaji Subhash Palace, Pitam Pura, New Delhi, Delhi-110034, India to present address w.e.f. 01.11.2011
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10329538 |
04/01/2012 |
161,500,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI, DELHI - 110001, |
B29815321 |
|
2 |
10324129 |
23/11/2011 |
37,500,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI, DELHI - 110001, |
B28215606 |
* Date of charge modification
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. 61.93 |
|
|
1 |
Rs. 96.37 |
|
Euro |
1 |
Rs. 76.10 |
INFORMATION DETAILS
|
Information Gathered
by : |
DPA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
ASH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.