MIRA
INFORM REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
A CHOKSEY
CHEMICAL INDUSTRIES |
Principal Name 1 |
Mr. Ashok H. Shah |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Atul H. Shah |
|
|
|
Registration # |
|
|
Street Address |
Three Bunglows, |
||
|
Established Date |
1962 Year |
SIC Code |
-- |
|
Telephone# |
91-2637-265246 |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
- |
|
Homepage |
Not Available |
Product Name 1 |
- |
|
# of employees |
160 (Approximately) |
Product Name 2 |
- |
|
Paid up capital |
Rs.52.064
millions |
Product Name 3 |
- |
|
Shareholders |
- |
Banking |
Bank of Baroda HDFC Bank Limited |
|
Public Limited Corp. |
- |
Business Period |
51 Year |
|
IPO |
- |
International Ins. |
- |
|
Public |
- |
Rating |
Ba (48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
No |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2014 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
- |
Current Liabilities |
- |
|
Inventories |
- |
Long-term Liabilities |
- |
|
Fixed Assets |
- |
Other Liabilities |
- |
|
Deferred Assets |
- |
Total Liabilities |
- |
|
Invest& other Assets |
- |
Retained Earnings |
- |
|
|
|
Net Worth |
- |
|
Total Assets |
- |
Total Liab. & Equity |
- |
|
Total Assets (Previous Year) |
120,304,000 |
|
|
|
P/L Statement as of |
31.03.2014 |
(Unit: Indian Rs.) |
|
|
Sales |
200,000,000 |
Net Profit |
- |
|
Sales(Previous yr) |
201,176,000 |
Net Profit(Prev.yr) |
4,735,000 |
|
Report Date : |
10.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
A CHOKSEY CHEMICAL INDUSTRIES |
|
|
|
|
Registered
Office : |
Three Bunglows, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Year of Establishment
: |
1962 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.52.064 Millions (as on 31.03.2013) |
|
|
|
|
IEC No.: |
0398055874 |
|
|
|
|
TIN No.: |
|
|
|
|
|
PAN No.: [Permanent Account No.] |
AAEFA2294A |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Manufacturer and Importers of Inorgaric Chemicals. |
|
|
|
|
No. of Employees
: |
160 (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 208000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having a satisfactory
track. Trade relations are reported as fair. Business is active. Payment are reported
to be usually correct. The concern 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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. Anil Salkade |
|
Designation : |
Chief Manager |
|
Contact No.: |
91-9833032159 |
|
Date : |
07.10.2014 |
LOCATIONS
|
Registered Office : |
Three Bunglows, station Road, navsari-396425, Gujarat, India |
|
Mobile No.: |
91-9833032154 (Mr. Anil) 91-9825921540 (Mr. Hiren Gandhi) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
15000 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Road No.8-A, Udyog Nagar, P. B. No. 19, Udhna, Surat -394210, Gujarat,
India |
|
Tel. No.: |
91-261-2278546 |
|
Fax No.: |
91-261-2278345 |
|
E-Mail : |
|
|
Area : |
20000 Sq. Ft. |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Ashok Hasmukhalal shah |
|
Designation : |
Managing partner |
|
Address : |
10/b, crystal, kemps corner, peddar road, Mumbai-400024, Maharashtra,
india |
|
Date of Birth/Age : |
15.03.1953 |
|
Qualification : |
B. Com |
|
|
|
|
Name : |
Mr. atul hasmukhalal shah |
|
Designation : |
Partner |
|
Address : |
3 Bunglows, Station Road, Navsari-396425, Gujarat |
|
Date of Birth/Age : |
08.04.1950 |
|
Qualification : |
B. Sc. |
|
|
|
|
Name : |
Mrs. Toral atul shah |
|
Designation : |
Partner |
|
Address : |
3 Bunglows, Station Road, Navsari-396425, Gujarat |
|
Date of Birth/Age : |
21.04.1957 |
|
Qualification : |
B.A. |
|
|
|
|
Name : |
Mrs. Sonal Ashok Shah |
|
Designation : |
Partner |
|
Address : |
10/b, crystal, kemps corner, peddar road, Mumbai-400024, Maharashtra,
india |
|
Date of Birth/Age : |
08.06.1958 |
|
Qualification : |
B.A., LLB |
|
|
|
|
Name : |
Mrs. Jayantikaben Hasmukh shah |
|
Designation : |
Partner |
|
Address : |
3 Bunglows, Station Road, Navsari-396425, Gujarat, India |
|
Date of Birth/Age : |
11.09.1929 |
|
Qualification : |
B.A. |
|
|
|
KEY EXECUTIVES
|
Name : |
Mr. Anil Salkade |
|
Designation : |
Chief Manager |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importers of Inorgaric Chemicals. |
|
|
|
|
Products : |
·
Monosodium Phosphate ·
Di Sodium Phosphate ·
Tri Sodium Phosphate ·
Tetra Sodium Pyro Phosphate ·
Sodium Acid Pyro Phosphate ·
Mono Potassium Phosphate ·
Mono Ammonium Phosphate ·
Di Ammonium Phosphate ·
Sodium Hexameta Phosphate 62% ·
Sodium Hezameta Phosphate 67% ·
Tri Sodium Phosphate (Crystal) ·
Mono Ammonium Phosphate (Technical) ·
Tri Magnessium Phosphate ·
Phosphoric Acid (Ip) ·
Di Calcium Phosphate ·
Tri Calcium Phosphate ·
Poly Phosphoric Acid |
|
|
|
|
Imports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Korea ·
Israel |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Nakshatra Chemicals ·
Jhanvi Enterprise |
|
|
|
|
Customers : |
·
Vasu Chemicals ·
Lancer Chemical Private Limited |
|
|
|
|
No. of Employees : |
160 (Approximately) |
|
|
|
|
Bankers : |
·
HDFC Bank Limited, Fort, Mumbai, India ·
Bank of Baroda, Fort, Mumbai, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
JMN Associates Chartered Accountants |
|
Address : |
|
|
|
|
|
Sister Concern : |
·
Choksey chemical industries Address: Highway Road No.8, Kabilpore, Navsari-396424, Gujarat, India Line of business: Manufacturer
of Inorgaric Chemicals. ·
Choksey Rajda Vjhemical Agencies Address : 101 M.G. Road, Shetty House, Fountain, Mumbai -40001,
Maharashtra, India Line of business: Commission Agent |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
|
52.064 |
41.119 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.107 |
0.107 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
52.171 |
41.226 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
20.176 |
16.130 |
|
|
2] Unsecured Loans |
|
8.279 |
9.378 |
|
|
TOTAL BORROWING |
|
28.455 |
25.508 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
80.626 |
66.734 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
8.000 |
8.048 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.212 |
0.212 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
20.649 |
8.135 |
|
|
Sundry Debtors |
|
45.065 |
35.115 |
|
|
Cash & Bank Balances |
|
1.995 |
1.329 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
44.383 |
32.907 |
|
Total
Current Assets |
|
112.092 |
77.486 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
39.678 |
19.012 |
|
|
Net Current Assets |
|
72.414 |
58.474 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
80.626 |
66.734 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
196.753 |
162.440 |
|
|
|
Other Income |
|
4.423 |
3.205 |
|
|
|
TOTAL (A) |
|
201.176 |
165.645 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
|
138.708 |
110.973 |
|
|
|
Excise duty paid |
|
2.947 |
1.596 |
|
|
|
Inward transportation |
|
2.295 |
2.756 |
|
|
|
Fuel charges |
|
11.244 |
6.861 |
|
|
|
Electric power bills |
|
1.632 |
1.393 |
|
|
|
Wages |
|
1.990 |
1.756 |
|
|
|
Remuneration to partner |
|
4.800 |
2.292 |
|
|
|
Salaries |
|
1.310 |
0.938 |
|
|
|
Sales commission |
|
5.003 |
4.006 |
|
|
|
Outward transport |
|
4.803 |
4.348 |
|
|
|
Printing and stationery |
|
0.095 |
0.082 |
|
|
|
Warehousing charges |
|
1.65 |
0.075 |
|
|
|
Other expenses |
|
17.693 |
17.776 |
|
|
|
TOTAL (B) |
|
192.685 |
154.852 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
|
8.491 |
10.793 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
1.230 |
1.302 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
|
7.261 |
9.491 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
2.526 |
2.938 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
|
4.735 |
6.553 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Other Earnings |
|
0.164 |
0.000 |
|
|
TOTAL EARNINGS |
|
0.164 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
18.127 |
43.465 |
|
|
TOTAL IMPORTS |
|
18.127 |
43.465 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
200.000 |
|
|
|
|
|
The above information has been parted by Mr. Anil Salkade (Chief
Manager)
Note : Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
|
2.35 |
3.96 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
3.69 |
5.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
6.05 |
11.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.14 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.55 |
0.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.83 |
4.08 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
41.119 |
52.064 |
|
Reserves & Surplus |
0.107 |
0.107 |
|
Net
worth |
41.226 |
52.171 |
|
|
|
|
|
long-term borrowings |
16.130 |
20.176 |
|
Short term borrowings |
9.378 |
8.279 |
|
Total
borrowings |
25.508 |
28.455 |
|
Debt/Equity
ratio |
0.619 |
0.545 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales / Revenue from
operations / Total Income / Sales (Approximately) |
162.440 |
196.753 |
|
|
|
21.123 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales / Revenue from
operations / Total Income / Sales (Approximately) |
162.440 |
196.753 |
|
Profit |
6.553 |
4.735 |
|
|
4.03% |
2.41% |
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 |
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 three years |
Yes |
|
12] |
Profitability for last two 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 |
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 |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
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 records 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 records 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.61.03 |
|
|
1 |
Rs.98.63 |
|
Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
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 |
|
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.