MIRA
INFORM REPORT
|
Report Date : |
23.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHEMETALL INDIA PRIVATE LIMITED (w.e.f 03.12.2013) |
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Formerly Known
As : |
CHEMETALL INDIA LIMITED (w.e.f. 22.10.2013) CHEMETALL-RAI INDIA LIMITED PYRENE-RAI METAL TREATMENTS PRIVATE LIMITED |
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Registered
Office : |
Gat No.569, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
22.10.1964 |
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Com. Reg. No.: |
25-131374 |
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Capital
Investment / Paid-up Capital : |
Rs.7.350 Millions |
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CIN No.: [Company Identification
No.] |
U28920PN1964PTC131374 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC11488B / PNEC07837E |
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PAN No.: [Permanent Account No.] |
AAACP2287P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer
of Metal Furnishing Chemicals and Equipments. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. There is dip in the profit of the company during 2013. However, financial
position of the company seems to be sound. Trade relations are fair. Business is active. Payment terms are
regular and as per commitment. 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = A |
|
Rating Explanation |
Have adequate degree of safety and carry low
credit risk. |
|
Date |
August 01, 2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating = A1 |
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Rating Explanation |
Have very strong degree of safety and carry
lowest credit risk. |
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Date |
August 01, 2014 |
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 DECLINED BY
|
Name : |
Mr. A. Kumar |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-2137-618000 |
LOCATIONS
|
Registered/
Sales Office/ Factory 1 : |
Gate No. 569, Pune Nagar Road, Village Karegaon Bhima, Taluka Shirur,
Pune - 412207, Maharashtra, India |
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Tel. No.: |
91-2137-666751/ 54/ 616000/ 616200/ 618000 |
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Fax No.: |
91-2137-253128 |
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E-Mail : |
k.narayanswamy@chemetail-rai.co.in
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Website : |
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Location : |
Owned |
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Factory 2 : |
No 4, SIDCO Industrial Estate Thirumudivakkam, Chrompet, Chennai – 600044, Tamilnadu, India |
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Regional Offices : |
Located At: · Kolkata ·
New Delhi ·
Jamshedpur ·
Mumbai ·
Orgadam |
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Branch Offices : |
Located At: ·
·
Kolkata ·
Bangalore ·
Chennai ·
Mumbai ·
Pune |
DIRECTORS
AS ON 18.03.2014
|
Name : |
Mr. Asis Ray |
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Designation : |
Managing Director |
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Address : |
A1/602, Landmark Gardens, 78 Kalyani, Pune – 411006, Maharashtra,
India |
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Date of Birth/Age : |
25.12.1952 |
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Date of Appointment : |
19.01.2013 |
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PAN No.: |
ACHPR3728B |
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DIN No.: |
01420166 |
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Name : |
Joris Merckx |
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Designation : |
Nominee director |
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Address : |
Kerkstraat 18, 3391, Meensel-Kiezegem, Kiezegem-063005, Belgium |
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Date of Birth/Age : |
02.07.1964 |
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Date of Appointment : |
10.12.2008 |
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DIN No.: |
02512484 |
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Name : |
Mr. Michael John Watson |
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Designation : |
Director |
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Address : |
Flat 41A, Branksome 3A, Trgunter Path Mid-Levels, Hong Kong |
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Date of Birth/Age : |
18.01.1957 |
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Date of Appointment : |
20.12.2005 |
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DIN No.: |
02239076 |
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Name : |
Mr. Shailendrajit Charanjit Rai |
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Designation : |
Director |
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Address : |
G5, Farrjeste Apartment, Boat Club Road, Pune – 411001, Maharashtra,
India |
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Date of Birth/Age : |
01.02.1956 |
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Date of Appointment : |
19.02.2014 |
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PAN No.: |
AABPR5786K |
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DIN No.: |
00050950 |
KEY EXECUTIVES
|
Name : |
Mr. A. Kumar |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.03.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Chemetall India Company Limited |
294000 |
40.00 |
|
Chemetall GmbH, Germany |
73500 |
10.00 |
|
Chemetall Asia Pte. Limited, Singapore |
367500 |
50.00 |
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Total |
735000 |
100.00 |
AS ON 18.03.2014
|
Equity Share Breakup |
Percentage of Holding |
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Category |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Metal Furnishing Chemicals and Equipments. |
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Products : |
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GENERAL INFORMATION
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Suppliers : |
Solaris Limited |
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Customers : |
Mahindra and Mahindra, Pune |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Canara Bank Fort (Main)
Branch, Warden House, Sir P. M. Road, Mumbai – 400001, Maharashtra, India ·
Citi Bank N.A. 2341, Pune
East, Street Camp, Pune - 411001, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
706, B-Wing, ICC Trade Center, Senapati Bapat Road, Pune - 411016,
Maharashtra, India |
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Tel. No.: |
91-20-66244600 |
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Mobile No.: |
91-20-66244605 |
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Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Chemetall, GmbH., Germany ·
Chemetall India Company Limited, U.K ·
Enkei Wheels (India) Limited
[L34300PN2009PLC133702] ·
Alicon Castalloy Limited
[L99999PN1990PLC059487] ·
Silicon Meadows Design Limited
[U72200MH2000PLC128571] ·
Atlas Castalloy Limited
[U27100MH1985PLC038111] |
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CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
735000 |
Equity Shares |
Rs.10/- each |
Rs.7.350 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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|
I. EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
7.350 |
7.350 |
7.350 |
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(b) Reserves & Surplus |
563.957 |
510.087 |
413.103 |
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(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
571.307 |
517.437 |
420.453 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
0.284 |
0.845 |
2.350 |
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(b) Deferred tax liabilities
(Net) |
2.790 |
6.800 |
7.300 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.300 |
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(d) long-term provisions |
19.621 |
15.223 |
14.657 |
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Total
Non-current Liabilities (3) |
22.695 |
22.868 |
24.607 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.000 |
0.000 |
2.721 |
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(b) Trade payables |
138.154 |
132.798 |
124.243 |
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(c) Other current liabilities |
17.235 |
17.426 |
30.320 |
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(d) Short-term provisions |
103.147 |
70.641 |
55.811 |
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Total
Current Liabilities (4) |
258.536 |
220.865 |
213.095 |
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TOTAL |
852.538 |
761.170 |
658.155 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
245.994 |
203.783 |
138.532 |
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(ii) Intangible Assets |
20.001 |
44.753 |
39.097 |
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(iii) Capital work-in-progress |
2.806 |
25.784 |
39.834 |
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(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
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(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
12.777 |
11.933 |
19.603 |
|
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(e) Other Non-current assets |
0.232 |
0.232 |
0.232 |
|
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Total
Non-Current Assets |
281.810 |
286.485 |
237.298 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
|
(b) Inventories |
91.365 |
99.681 |
85.960 |
|
|
(c) Trade receivables |
286.599 |
264.994 |
223.893 |
|
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(d) Cash and cash equivalents |
177.842 |
90.459 |
98.480 |
|
|
(e) Short-term loans and
advances |
14.296 |
19.487 |
12.225 |
|
|
(f) Other current assets |
0.626 |
0.064 |
0.299 |
|
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Total
Current Assets |
570.728 |
474.685 |
420.857 |
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TOTAL |
852.538 |
761.170 |
658.155 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Revenue from operations |
1270.392 |
1166.224 |
1036.364 |
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Other Income |
9.604 |
7.994 |
5.749 |
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TOTAL |
1279.996 |
1174.218 |
1042.113 |
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Less |
EXPENSES |
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||
|
|
|
Cost of Materials Consumed |
721.203 |
661.514 |
540.783 |
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|
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Purchases of Stock-in-Trade |
6.690 |
4.049 |
3.390 |
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Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.671) |
(3.843) |
(1.973) |
|
|
|
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Employees benefits expense |
127.442 |
120.658 |
110.835 |
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Other expenses |
160.186 |
167.392 |
145.785 |
|
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Exceptional Items |
0.000 |
(66.866) |
(1.870) |
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TOTAL |
1013.850 |
882.904 |
796.950 |
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PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
266.146 |
291.314 |
245.163 |
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Less |
FINANCIAL
EXPENSES |
0.495 |
3.038 |
1.494 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
265.651 |
288.276 |
243.669 |
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Less/ Add |
DEPRECIATION/ AMORTISATION |
42.318 |
34.975 |
32.889 |
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PROFIT BEFORE TAX |
223.333 |
253.301 |
210.780 |
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Less |
TAX |
71.691 |
89.815 |
68.572 |
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||
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PROFIT AFTER TAX |
151.642 |
163.486 |
142.208 |
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EARNINGS IN FOREIGN CURRENCY |
|
|
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Export of goods calculated on
FOB basis |
28.836 |
20.629 |
20.200 |
||
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TOTAL
EARNINGS |
28.836 |
20.629 |
20.200 |
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IMPORTS |
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Raw Materials |
80.437 |
138.093 |
114.610 |
|
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Capital Goods |
0.000 |
0.907 |
3.073 |
|
|
|
|
Stores & Spare Parts |
4.904 |
4.058 |
2.543 |
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TOTAL IMPORTS |
85.341 |
143.058 |
120.226 |
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||
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Earnings Per Share (Rs.) |
206.32 |
222.43 |
193.48 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
PAT / Total Income |
(%) |
11.85 |
13.92 |
13.65 |
|
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Net Profit Margin |
(%) |
17.58 |
21.72 |
20.34 |
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Return on Total Assets |
(%) |
26.28 |
34.44 |
34.09 |
|
|
|
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|
|
|
|
Return on Investment (ROI) |
|
0.39 |
0.49 |
0.50 |
|
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|
|
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|
|
|
Debt Equity Ratio |
|
0.00 |
0.00 |
0.01 |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
2.21 |
2.15 |
1.97 |
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
7.350 |
7.350 |
7.350 |
|
Reserves & Surplus |
413.103 |
510.087 |
563.957 |
|
Net
worth |
420.453 |
517.437 |
571.307 |
|
|
|
|
|
|
long-term borrowings |
2.350 |
0.845 |
0.284 |
|
Short term borrowings |
2.721 |
0.000 |
0.000 |
|
Total
borrowings |
5.071 |
0.845 |
0.284 |
|
Debt/Equity
ratio |
0.012 |
0.002 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
1036.364 |
1166.224 |
1270.392 |
|
|
|
12.530 |
8.932 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
1036.364 |
1166.224 |
1270.392 |
|
Profit After Tax |
142.208 |
163.486 |
151.642 |
|
|
13.72% |
14.02% |
11.94% |
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
SR .NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10099255 |
14/01/2009 * |
16,000,000.00 |
CITIBANK N. A. |
2413, PARMAR HOUSE, EAST STREET, PUNE, MAHARASHTRA - 411001, INDIA |
A56227382 |
|
2 |
90241302 |
24/02/2009 * |
17,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A59505966 |
|
3 |
90240394 |
15/11/2011 * |
65,000,000.00 |
CANARA BANK |
FORT (MAIN) BRANCH, WARDEN HOUSE, SIR P.
M. ROAD, |
B25664590 |
* Date of modification charge
CHANGE OF ADDRESS
The Registered Office of the ocmapny has been shifted from Nirlon House,
254 B, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India to the
present address w.e.f.01.01.2008.
COMPANY OPERATIONS:
The year (31.03.13) has resulted in a net profit of Rs. 151.642 Millions
after providing Rs. 42.318 Millions for Depreciation and Rs. 75.700 Millions
for Taxation. This amount together with the Profit of Rs. 386.033 Millions
brought forward from earlier years, aggregating to Rs.537.676 Millions is
available for appropriation.
The Company’s income grew by 10.7% over the previous year. Profit before
Tax has, come down by 11.8% over the previous year due to exceptional items
present in the previous year. (Current year Exceptional items are Nil when
compared to Previous year Rs.66.8 Millions). The Operational PBT has gone up by
19.79% compared to the previous year due to better mix of sale and higher
realizations.
The outlook for the coming year is positive.
FIXED ASSETS
· Land
·
Buildings
·
Factory
building
·
Plant
and equipment
·
Factory
equipments
·
Furniture
and fixtures
·
Vehicles
·
Motor
vehicles
·
Office
equipment
·
Other
equipments
·
Leasehold
improvements
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. 60.79 |
|
|
1 |
Rs. 99.30 |
|
Euro |
1 |
Rs. 78.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
61 |
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.