MIRA INFORM REPORT
|
Report No. : |
355317 |
|
Report Date : |
18.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
EOC TAILOR MADE
POLYMERS INDIA PRIVATE LIMITED (w.e.f. 05.09.2005) |
|
|
|
|
Formerly Known
As : |
EOC TAILOR MADE POLYMERS INDIA LIMITED (w.e.f. July 2005) RAJ PRAKASH CHEMICALS LIMITED |
|
|
|
|
Registered
Office : |
The Paragon, 101, 1st Floor, Sitaram Jadhav Marg, Dhanraj Mills
Compound, Lower Parel (West), Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-43421000 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
15.12.1973 |
|
|
|
|
Com. Reg. No.: |
11-017080 |
|
|
|
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Capital
Investment / Paid-up Capital : |
Rs.23.028 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1973PTC017080 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR3508D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Water-based Acrylates, Distemper Paints, wide range of Emulsions for Specific Applications such as Anti-Rust Coatings Directly on Bare Metal, High-Gloss Paints for Woodwork and Fixtures, Synthetic Plaster, Texture Paints, Elastomer Paints and Water-Based Wood Varnishes, Products for Construction, Glue, Textile and Paper Industry. (From Indirect Sources) |
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|
|
|
No. of Employees
: |
Information declined by the management. |
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 |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1973. EOC Belgium
NV holds 51% stake in the subject company. As per registrar of companies the date of balance sheet (i.e.
financial field) is shown as 31.03.2015 but documents related to same for the
financial year ending 2015 is not available from any other sources. However, the ratings takes into consideration sound capital structure
of the company in the year 2014. Further, the company has reported decent
increase in its revenue base along with fair profit margin in the year under
consideration. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of aforesaid, the company can be considered for business
dealings with 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Ullas Karkare |
|
Designation : |
Finance Department |
|
Contact No.: |
91-22-43421000 |
|
Date : |
16.12.2015 |
LOCATIONS
|
Registered Office : |
The Paragon, 101, 1st Floor, Sitaram Jadhav Marg, Dhanraj Mills Compound,
Lower Parel (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-43421000 |
|
Fax No.: |
91-22-43421010 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Factory : |
Plot No. E-48, MIDC, Tarapur, Boisar – 401506, Maharashtra, India |
DIRECTORS
As on 31.03.2015
|
Name : |
Ms. Mamta Satyen Kapadia |
|
Designation : |
Managing Director |
|
Address : |
503, Deepak Building, 12, K. N. Marg, Gamdevi, Mumbai – 400004, |
|
Date of Birth/Age : |
30.03.1971 |
|
Date of Appointment : |
01.07.2009 |
|
DIN No.: |
01783125 |
|
|
|
|
Name : |
Mr. Rajendra Vasantlal Patel |
|
Designation : |
Director |
|
Address : |
47, Usha Kiran, |
|
Date of Birth/Age : |
25.01.1945 |
|
Date of Appointment : |
01.07.2009 |
|
DIN No.: |
01783069 |
|
|
|
|
Name : |
Mr. Gerard Jacobus Marsman |
|
Designation : |
Director |
|
Address : |
DE Bruwaen 24, B – 9700, |
|
Date of Birth/Age : |
04.09.1943 |
|
Date of Appointment : |
24.09.2002 |
|
DIN No.: |
00651125 |
|
|
|
|
Name : |
Mr. Gerard Robert Marsman |
|
Designation : |
Director |
|
Address : |
DE Bruwaen 24, B – 9700, |
|
Date of Birth/Age : |
24.02.1969 |
|
Date of Appointment : |
24.09.2002 |
|
DIN No.: |
00223928 |
|
|
|
|
Name : |
Mr. Marc Weyme |
|
Designation : |
Director |
|
Address : |
Pruimelstraat 16, B-9700, |
|
Date of Birth/Age : |
10.05.1950 |
|
Date of Appointment : |
16.03.2005 |
|
DIN No.: |
00200652 |
KEY EXECUTIVES
|
Name : |
Mr. Ullas Karkare |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS
As on 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Rashmi Rajendra Patel |
|
656600 |
|
Sonal Prakash Patel |
|
53040 |
|
Mamta Satyen Kapadia |
|
318175 |
|
Anant Prakash Patel |
|
58370 |
|
Tulsi Aditya Gupta |
|
12150 |
|
Sharmili Paresh Patel |
|
3225 |
|
Minti Ankur Shah |
|
3225 |
|
Ninad Yatin Shah |
|
1300 |
|
Ansumati Krishnakant Patel |
|
10255 |
|
Neela Yatin Shah |
|
11620 |
|
EOC Belgium, Belgium |
|
1174831 |
|
Total |
|
2302791 |
As on 18.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
51.00 |
|
Directors or relatives of Directors |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Water-based Acrylates, Distemper Paints, wide range of Emulsions for Specific Applications such as Anti-Rust Coatings Directly on Bare Metal, High-Gloss Paints for Woodwork and Fixtures, Synthetic Plaster, Texture Paints, Elastomer Paints and Water-Based Wood Varnishes, Products for Construction, Glue, Textile and Paper Industry. (From Indirect Sources) |
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|
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|
Products : |
|
|
|
|
|
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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
|
|
Auditors : |
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|
Name : |
Kantilal M Shah and Company Chartered Accountants |
|
Address : |
806, Mauryansh Elanza, Near Parekh Hospital, Shyamal Cross Road, Satellite, Ahmedabad – 380015, Gujarat, India |
|
Tel. No.: |
91-79-26753499 / 26750806 / 66633499 |
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Fax No.: |
91-79-26751806 |
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Email : |
|
|
Membership No.: |
007924 |
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PAN No.: |
AFLPS9259P |
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|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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Holding company : |
EOC Belgium NV |
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|
|
Associates : |
|
CAPITAL STRUCTURE
As on 03.08.2015
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2302791 |
Equity Shares |
Rs.10/- each |
Rs.23.028
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
23.028 |
23.028 |
23.028 |
|
(b) Reserves &
Surplus |
83.914 |
77.058 |
70.453 |
|
(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) |
106.942 |
100.086 |
93.481 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
19.520 |
34.690 |
38.190 |
|
(b) Deferred tax
liabilities (Net) |
8.988 |
8.953 |
8.801 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.065 |
3.618 |
3.139 |
|
Total Non-current
Liabilities (3) |
32.573 |
47.261 |
50.130 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
77.387 |
52.970 |
65.814 |
|
(c) Other current
liabilities |
0.618 |
0.963 |
0.901 |
|
(d) Short-term provisions |
14.506 |
14.065 |
13.229 |
|
Total Current Liabilities
(4) |
92.511 |
67.998 |
79.944 |
|
|
|
|
|
|
TOTAL |
232.026 |
215.345 |
223.555 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
52.914 |
54.318 |
54.025 |
|
(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 |
0.011 |
0.011 |
0.011 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.196 |
4.669 |
4.085 |
|
(e) Other Non-current
assets |
0.838 |
1.633 |
0.000 |
|
Total Non-Current Assets |
58.959 |
60.631 |
58.121 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
39.236 |
37.227 |
24.918 |
|
(c) Trade receivables |
54.475 |
56.784 |
68.396 |
|
(d) Cash and cash
equivalents |
57.288 |
42.238 |
54.261 |
|
(e) Short-term loans and
advances |
22.068 |
18.465 |
17.859 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
173.067 |
154.714 |
165.434 |
|
|
|
|
|
|
TOTAL |
232.026 |
215.345 |
223.555 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
508.193 |
458.419 |
454.703 |
|
|
Other Income |
5.804 |
4.052 |
1.884 |
|
|
TOTAL |
513.997 |
462.471 |
456.587 |
|
|
|
|
|
|
|
Less |
EXPENSES |
490.177 |
438.650 |
433.345 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
23.820 |
23.821 |
23.242 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.547 |
4.691 |
7.255 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
19.273 |
19.130 |
15.987 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.057 |
3.592 |
3.559 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
16.216 |
15.538 |
12.428 |
|
|
|
|
|
|
|
Less |
TAX |
5.319 |
4.892 |
4.736 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
10.897 |
10.646 |
7.692 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
66.275 |
60.920 |
58.243 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
1.250 |
1.250 |
1.000 |
|
|
Dividend |
4.041 |
4.041 |
4.015 |
|
|
Total |
5.291 |
5.291 |
5.015 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
71.881 |
66.275 |
60.920 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
2.126 |
5.235 |
3.802 |
|
|
TOTAL EARNINGS |
2.126 |
5.235 |
3.802 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
4.73 |
4.62 |
3.34 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from operating activities |
45.497 |
10.455 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.14 |
2.32 |
1.69 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
4.69 |
5.20 |
5.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.99 |
7.22 |
5.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.16 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.18 |
0.35 |
0.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87 |
2.28 |
2.07 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
23.028 |
23.028 |
23.028 |
|
Reserves & Surplus |
70.453 |
77.058 |
83.914 |
|
Net worth |
93.481 |
100.086 |
106.942 |
|
|
|
|
|
|
long-term borrowings |
38.190 |
34.690 |
19.520 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
38.190 |
34.690 |
19.520 |
|
Debt/Equity ratio |
0.409 |
0.347 |
0.183 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
454.703 |
458.419 |
508.193 |
|
|
|
0.817 |
10.858 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
454.703 |
458.419 |
508.193 |
|
Profit |
7.692 |
10.646 |
10.897 |
|
|
1.69% |
2.32% |
2.14% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
---------------------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
---------------------- |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF
OPERATIONS
During the year, sales were Rs.508.193 Million compared to Rs.458.419
Million in the previous year. This reflects a growth of 10.9%. The profit
before tax for the year at Rs.16.216 Million as against Rs.15.538 Million was
marginally higher. The efforts of the management to control the rising input
and service costs have contributed in maintaining the level of profits.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Foreign Currency
Loan |
|
|
|
ECB from Holding Company $200000 ($500000) |
12.020 |
27.190 |
|
Rupee Loan |
|
|
|
Corporate Body |
6.000 |
6.000 |
|
From GOM – Special Capital Incentive |
1.500 |
1.500 |
|
Total |
19.520 |
34.690 |
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10182397 |
31/08/2013 * |
50,000,000.00 |
KARUR VYSYA BANK LIMITED |
954, APPA SAHEB MARATHE MARG, PRABHADEVI, MUMBAI - 400025, MAHARASHTRA, INDIA |
B85051498 |
* Date of charge modification
CONTINGENT LIABILITIES
(Rs. In Million)
|
Particulars |
31.03.2014 |
31.03.2013 |
|
Contingent Liabilities not provided for - |
|
|
|
For ESIC demand appealed against by the
company |
0.164 |
0.164 |
|
For Letter of Credit opened by bank |
22.904 |
18.205 |
|
For Income Tax against which the company has
preferred the appeal |
1.659 |
0.678 |
|
For Excise Duty against which the company
has preferred the appeal and paid Rs.1.433 Million under protest |
0.000 |
1.399 |
|
For sales Tax-against which the company has
preferred the appeal and paid Rs. 0.067 Million |
0.042 |
0.000 |
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Furniture and Fixture
- Vehicles
- Equipments
- Computer
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.66.64 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
NO |
|
--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.