MIRA INFORM REPORT
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Report No. : |
318205 |
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Report Date : |
23.04.2015 |
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, Pune Nagar Road, Village Karegaon Bhima,
Taluka Shirur, Pune – 412207, Maharashtra |
|
Tel. No.: |
91-2137-666751/ 54/ 616000/ 616200/ 618000 |
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Country : |
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Financials (as
on) : |
31.12.2013 |
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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 Million |
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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) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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. 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 condition. Note: The company has changed its financial year from 31st
March to 31 st December from 12 Months to 9 months ranging from 01.04.2013 to
31.12.2013. |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
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 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1 |
|
Rating Explanation |
Have very strong degree of safety and carry
lowest credit risk. |
|
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 DENIED BY
|
Name : |
Mr. A.K. Kumar |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-2137-618000 |
|
Date : |
21.04.2015 |
LOCATIONS
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Registered/
Sales Office/ Corporate Office/ Factory 1 : |
Gate No. 569, Pune Nagar Road, Village Karegaon Bhima, Taluka Shirur, Pune
- 412207, Maharashtra, India |
|
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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Production Site: |
RNS-23, Renault Nissan Suppiers Park, Sipcot Industrial Park, Vadukkapattu
Village – 603204, Oragadam, Sriperumpudur, Taluka Kanchipuram, Tamilnadu,
India |
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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 |
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Headquarters and Regional Head Office (Foreign) |
Located At:
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DIRECTORS
AS ON 18.03.2014
|
Name : |
Mr. Asis Ray |
|
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 |
|
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.K. 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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|
|
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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
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Line of Business : |
Manufacturer
of Metal Furnishing Chemicals and Equipments. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
Fort (Main) Branch, Warden House, Sir P. M. Road, Mumbai – 400001, Maharashtra, India
2341, Pune East, Street Camp,
Pune - 411001, Maharashtra, India |
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Facilities : |
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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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Email: |
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Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Fellow Subsidiary company |
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Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
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CAPITAL STRUCTURE
As on 18.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
735000 |
Equity Shares |
Rs.10/- each |
Rs.7.350 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2013 (9 Months) |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
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|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
7.350 |
7.350 |
7.350 |
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(b) Reserves & Surplus |
713.558 |
563.957 |
510.087 |
|
(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) |
720.908 |
571.307 |
517.437 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.284 |
0.845 |
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(b) Deferred tax liabilities (Net) |
5.121 |
2.790 |
6.800 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
25.693 |
19.621 |
15.223 |
|
Total Non-current
Liabilities (3) |
30.814 |
22.695 |
22.868 |
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(4)
Current Liabilities |
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|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
130.262 |
138.154 |
132.798 |
|
(c) Other current
liabilities |
26.755 |
17.235 |
17.426 |
|
(d) Short-term
provisions |
1.684 |
103.147 |
70.641 |
|
Total Current
Liabilities (4) |
158.701 |
258.536 |
220.865 |
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TOTAL |
910.423 |
852.538 |
761.170 |
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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 |
254.457 |
245.994 |
203.783 |
|
(ii)
Intangible Assets |
15.210 |
20.001 |
44.753 |
|
(iii)
Capital work-in-progress |
4.093 |
2.806 |
25.784 |
|
(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 |
36.757 |
12.777 |
11.933 |
|
(e) Other Non-current
assets |
0.232 |
0.232 |
0.232 |
|
Total Non-Current
Assets |
310.749 |
281.810 |
286.485 |
|
|
|
|
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
116.289 |
91.365 |
99.681 |
|
(c) Trade
receivables |
296.856 |
286.599 |
264.994 |
|
(d) Cash
and cash equivalents |
160.420 |
177.842 |
90.459 |
|
(e)
Short-term loans and advances |
15.378 |
14.296 |
19.487 |
|
(f) Other
current assets |
10.731 |
0.626 |
0.064 |
|
Total
Current Assets |
599.674 |
570.728 |
474.685 |
|
|
|
|
|
|
TOTAL |
910.423 |
852.538 |
761.170 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 (9 Months) |
31.03.2013 |
31.03.2012 |
|
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|
SALES |
|
|
|
|
|
|
|
Income |
NA |
1270.392 |
1166.224 |
|
|
|
Other Income |
NA |
9.604 |
7.994 |
|
|
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TOTAL |
NA |
1279.996 |
1174.218 |
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
721.203 |
661.514 |
|
|
|
Purchases of Stock-in-Trade |
|
6.690 |
4.049 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
NA |
(1.671) |
(3.842) |
|
|
|
Employees benefits expense |
|
127.442 |
120.658 |
|
|
|
Exertional Item |
|
0.000 |
(66.866) |
|
|
|
Other expenses |
|
160.186 |
167.393 |
|
|
|
TOTAL |
NA |
1013.850 |
882.906 |
|
|
|
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|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
266.146 |
291.312 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
0.496 |
3.038 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
246.542 |
265.650 |
288.274 |
|
|
|
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|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
18.510 |
42.318 |
34.975 |
|
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|
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|
|
|
|
|
|
PROFIT BEFORE
TAX |
228.032 |
223.332 |
253.299 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
78.431 |
71.690 |
89.813 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
149.601 |
151.642 |
163.486 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
33.792 |
28.836 |
20.629 |
|
|
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
80.437 |
138.093 |
|
|
|
Stores & Spares |
NA |
4.904 |
4.058 |
|
|
|
Capital Goods |
NA |
0.000 |
0.907 |
|
|
TOTAL IMPORTS |
NA |
85.341 |
143.058 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
203.54 |
206.32 |
222.43 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 (9 Months) |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
11.94 |
14.02 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
20.95 |
24.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.16 |
26.28 |
34.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.39 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.78 |
2.21 |
2.15 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.12.2013 (9 Months) |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
7.350 |
7.350 |
7.350 |
|
Reserves & Surplus |
510.087 |
563.957 |
713.558 |
|
Net worth |
517.437 |
571.307 |
720.908 |
|
|
|
|
|
|
long-term borrowings |
0.845 |
0.284 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.845 |
0.284 |
0.000 |
|
Debt/Equity ratio |
0.002 |
0.000 |
0.000 |
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
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CHANGE OF ADDRESS
The Registered Office of the company 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 under report (31.12.13) has resulted in a net profit of Rs. 149.602 Million (after exceptional income of Rs.10.000 Million towards additional consideration receivable on sale of intangible business assets) and after providing Rs. 18.510 Million for Depreciation and Rs. 78.431 Million for Taxation. This amount together with the Profit of Rs. 424.740 Million brought forward from earlier years, aggregating to Rs. 574.341 Million is available for appropriation.
The previous financial year of the Company comprised twelve months commencing from 1 st April, 2012 and ending on 31 st March, 2013. The Current financial year covers a period of Nine months, commencing from 1 st April 2013 to 31 st December 2013, as approved by the Board. The subsequent financial years of the Company shall comprise 12 months, to commence from 1 st January of every year and to end on 31 st December of that year. Accordingly, the figures are not comparable.
The outlook for the coming year is positive.
INDEX OF CAHREGS:
|
S. 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 - 411001, MAHARASHTRA, INDIA |
A56227382 |
|
2 |
90241302 |
24/02/2009 * |
17,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
A59505966 |
|
3 |
90240394 |
11/11/2014 * |
31,500,000.00 |
Canara Bank |
FORT (MAIN) BRANCH,
WARDEN HOUSE, SIR P. M. ROAD, |
C34345504 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.12.2013 |
|
Other money for which company is contingently liable |
77.333 |
|
Total |
77.333 |
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.62.82 |
|
|
1 |
Rs.93.85 |
|
Euro |
1 |
Rs.67.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
|
--PROFITABILITY |
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.