|
Report Date : |
09.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
PARAMOUNT PESTICIDES LIMITED
(w.e.f. 23.02.2009) |
|
|
|
|
Formerly Known
As : |
PARAMOUNT PESTICIDES PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
305, Sasco Bhawan Azadpur Industrial Complex, Azadpur, New Delhi –
110033 |
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.02.1995 |
|
|
|
|
Com. Reg. No.: |
065130 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PLC065130 |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer and Trading of all types of Pesticides. |
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|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 50000 |
|
|
|
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record. Reserves of the company seems to be low. However, trade relations are fair. Business is active. Payment terms
are slow but correct. 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current account
deficit narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Chanchal Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-9412701610 |
|
Date : |
27.12.2013 |
LOCATIONS
|
Registered Office : |
305, Sasco Bhawan Azadpur Industrial Complex, Azadpur, New Delhi –
110033, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9412701610 (Mr. Chanchal Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office : |
35/3 A/3, Old Delhi Octroi Post, Delhi Road, Meerut – 250002 Uttar
Pradesh India |
|
Tel. No.: |
91-121-4020186/ 2400649 |
|
Fax No.: |
91-121-2400649 |
|
|
|
|
Factory : |
53-B, Mohkampur Industrial Estate, Phase – I, Meerut – 250001, Uttar
Pradesh, India |
|
|
|
|
Branch Offices : |
Located at: · Orissa · Punjab · Haryana · Karnataka · Indore |
DIRECTORS
(AS ON 30.09.2013)
|
Name : |
Mr. Chanchal Kumar Gupta |
|
Designation : |
Whole Tine Director |
|
Address : |
60, Delhi Chungi, Delhi Road, Meerut – 250002, Uttar Pradesh, India |
|
Date of Birth/Age : |
08.06.1975 |
|
Date of Appointment : |
01.04.1997 |
|
DIN No.: |
01205501 |
|
|
|
|
Name : |
Mr. Ajay Kumar Gupta |
|
Designation : |
Whole Tine Director |
|
Address : |
60, Delhi Chungi, Delhi Road, Meerut – 250002, Uttar Pradesh, India |
|
Date of Birth/Age : |
02.06.1972 |
|
Date of Appointment : |
01.04.1997 |
|
DIN No.: |
01251619 |
|
|
|
|
Name : |
Mr. Vijay Kumar Gupta |
|
Designation : |
Whole Tine Director |
|
Address : |
60, Delhi Chungi, Delhi Road, Meerut – 250002, Uttar Pradesh, India |
|
Date of Birth/Age : |
30.06.1967 |
|
Date of Appointment : |
06.02.1995 |
|
DIN No.: |
01251670 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Chanchal Kumar Gupta |
|
16480 |
|
Ajay Kumar Gupta |
|
16480 |
|
Vijay Kumar Gupta |
|
19620 |
|
Beena Gupta |
|
2810 |
|
Divya Gupta |
|
2810 |
|
Savita Gupta |
|
1650 |
|
Vijay Kumar Gupta – HUF |
|
2750 |
|
Chanchal Kumar Gupta – HUF |
|
2750 |
|
Ajay Kumar Gupta – HUF |
|
1650 |
|
Gaurav Singhal |
|
5000 |
|
Giresh Mohan Gupta |
|
1000 |
|
Sanjay Gupta |
|
1500 |
|
Sudhanshu Goel |
|
5500 |
|
|
|
|
|
Total |
|
80000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trading of all types of Pesticides. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
· A. V. Packers, Meerut · Airtel Limited · Agrico Organics Limited, Delhi · Abhishek Packers Private Limited, Meerut · Bharat Pet Limited, Delhi · BSNL (Account Officer) · Crown Techno Pack, New Delhi · D. P. Enterprises, Delhi · Delhi Tin Met Limited, Delhi · J K Chemicals, Haryana · K. A. Enterprises, Bhavnagar · Metal Seam Company Private Limited, Lucknow · Pradeep Metal Industries, Ghaziabad · R. A. Nariman and Company Private Limited, Delhi · Rajvansh Polymers Private Limited, Kashipur · Shri Ram Packers, Meerut · Venus Chemicals and Minerals, Bhavnagar |
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Customers : |
End Users · Health Department (UP) · Plant Protection Officer · Gujarat Chemical and Fertilizers Trading company, Baroda · Shubans Agrotech, Sirsaganj (UP) · Tarinee Promoters Private Limited, Bhubaneshwar |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· State Bank of India Rasmecc, Baghpat Road, Meerut – 250002, Uttar Pradesh, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Atul Jagdish and Company Chartered Accountants |
|
Address : |
111/2, THapar Nagar, Meerut – 250001, Uttar Pradesh, India |
|
Tel No.: |
91-121-4032183 |
|
Mobile No.: |
91-9412203862 |
|
PAN No.: |
ADEPG0962A |
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|
|
|
Associates/Subsidiaries : |
· Shiv Peramount Organics and Fertilizers Private Limited Address: Meerut, Uttar Pradesh, India Activity: Manufacturer of Fertilizers |
CAPITAL STRUCTURE
(AS ON 30.09.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000 |
Equity Shares |
Rs.100/- each |
Rs.8.000
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 |
8.000 |
8.000 |
4.000 |
|
(b) Reserves & Surplus |
4.600 |
3.602 |
2.692 |
|
(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) |
12.600 |
11.602 |
6.692 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.956 |
0.780 |
1.674 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.956 |
0.780 |
1.674 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
7.101 |
9.713 |
8.666 |
|
(b) Trade payables |
45.149 |
43.060 |
35.858 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
0.437 |
0.381 |
0.458 |
|
Total Current Liabilities (4) |
52.687 |
53.154 |
44.982 |
|
|
|
|
|
|
TOTAL |
66.243 |
65.536 |
53.348 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8.171 |
8.956 |
9.880 |
|
(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 |
0.000 |
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 |
8.171 |
8.956 |
9.880 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
14.965 |
20.560 |
11.500 |
|
(c) Trade receivables |
33.250 |
27.617 |
26.596 |
|
(d) Cash and cash
equivalents |
0.049 |
0.038 |
0.486 |
|
(e) Short-term loans and
advances |
7.612 |
7.293 |
4.851 |
|
(f) Other current assets |
2.196 |
1.072 |
0.035 |
|
Total Current Assets |
58.072 |
56.580 |
43.468 |
|
|
|
|
|
|
TOTAL |
66.243 |
65.536 |
53.348 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
110.017 |
101.852 |
124.468 |
|
|
|
Other Income |
0.061 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
110.078 |
101.852 |
124.468 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
89.651 |
81.701 |
98.585 |
|
|
|
Manufacturing Expenditure |
3.061 |
2.981 |
4.366 |
|
|
|
Employees benefit Expenses |
5.091 |
4.811 |
6.525 |
|
|
|
Other Expenses |
8.428 |
7.622 |
10.759 |
|
|
|
TOTAL (B) |
106.231 |
97.115 |
120.235 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.847 |
4.737 |
4.233 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.588 |
2.455 |
1.552 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.259 |
2.282 |
2.681 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.836 |
0.968 |
1.064 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.423 |
1.314 |
1.617 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.437 |
0.381 |
0.459 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.986 |
0.933 |
1.158 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.33 |
11.66 |
28.95 |
|
Expected Sales (2013-14): Rs.250.000 Millions
The above information has been parted by Mr. Chanchal Gupta.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.90
|
0.92 |
0.93 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.29
|
1.29 |
1.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.15
|
2.01 |
3.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.11 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.64
|
0.90 |
1.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10
|
1.06 |
0.97 |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
UNSECURED LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Unsecured Loans |
0.956 |
0.780 |
|
|
|
|
|
Total |
0.956 |
0.780 |
NOTE:
The Registered office of the company has been
shifted from 46, Rajendra Building, Main Bazar Subzi Mandi, Delhi, India to the
present address w.e.f. 10.03.2007.
WORKING
The company is having Manufacturing of Pesticides.
During the period ended 31.03.2013 the total operation after depreciation and
tax resulted to Net Profit of Rs.0.986 Million.
COMPANY OVERVIEW:
The company was incorporated on 06.02.1995
presently having its Registered Office at 412/6, Kucha Bulaki Begum Esplande
Road, Delhi to carry on the busie4nss of Manufacturing and Trading of
Pesticides etc.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10122335 |
13/11/2010 * |
14,600,000.00 |
STATE BANK OF
INDIA |
RASMECCC,
BAGHPAT ROAD, MEERUT, UTTAR PRADESH - 250002, INDIA |
A98634041 |
* Date of charge modification
FIXED ASSETS:
· Computer
· Furniture4 and Fixture
· Generator
· Honda City Car
· T.V. (LCD Sony)
· Lab Equipments
· Land at Mohkanpur
· Office Building
· Plant Machinery
· Printer
· Air Conditioner
· Investor
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.62.38 |
|
|
1 |
Rs.102.24 |
|
Euro |
1 |
Rs.84.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.