MIRA INFORM REPORT

 

 

Report No. :

307000

Report Date :

07.02.2015 

 

IDENTIFICATION DETAILS

 

Name :

RADIANT POLYCHEM PRIVATE LIMITED

 

 

Registered Office :

H. No.1002, Roots Tower, Plot No.7, Laxmi Nagar, District Centre Delhi, Delhi – 110 092

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

23.04.2008

 

 

Com. Reg. No.:

55-177054

 

 

Capital Investment / Paid-up Capital :

Rs.2.052 millions

 

 

CIN No.:

[Company Identification No.]

U25203DL2008PTC177054

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Supplier of chemicals and petrochemicals to Agrochemical formulation, Paint , Printing Inks, Adhesives, Plywood, Laminate, Pharmaceutical, Resins, Wire–Insulation and Rubber Industries.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (43)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 78000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

General financial position of the company seems to be sound and healthy. Liquidity position of the company is fair.

 

Trade relations are fair. Business is active. Payment terms are reported to be usually correct.

 

The company can be considered for business dealings at usual trade terms and condition.

 

 

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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

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 31-03-2014.

 

LOCATIONS

 

Registered Office/ Corporate Office :

H. No.1002, Roots Tower, Plot No.7, Laxmi Nagar, District Centre Delhi, Delhi – 110 092, India

Tel. No. :

91-11-22546208/ 09/ 10

Fax No. :

Not Available

E-Mail :

radiantpolychem@gmail.com

Website :

http://www.radiantpolychem.com

 

 

Warehouse 1 :

Hasangarh Warehouse 

Kila No.136/5/7, Village and Post Hasangarh, Tehsil Sampla, District Rohtak – 124 501, Haryana, India

E-Mail :

radiantgodown@gmail.com

 

 

Warehouse 2 :

Saidpur Warehouse

Khara No.59/9/1/1/2, Jatola Road, Village and Post Office Saidpur, Tehsil Kharkhoda, District Sonipat – 131 001, Haryana, India

E-Mail :

radiantgodown@gmail.com

 

 

Branch Office :

Located at:

 

·         Mumbai

·         Haridwar

 

 

DIRECTORS

 

AS ON 28.09.2013

 

Name :

Mrs. Kusum Panthri

Designation :

Director

Address :

459, Pocket-E, Mayur Vihar, Phase-II, Delhi – 110 091, India

Date of Birth/Age :

10.12.1962

Date of Appointment :

23.04.2008

DIN No. :

02126541

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U25203DL2008PTC177054

RADIANT POLYCHEM PRIVATE LIMITED

Director

23/04/2008

23/04/2008

-

Active

NO

2

U24110DL2012PTC240306

RADIANT COSMETICS PRIVATE LIMITED

Director

16/08/2012

16/08/2012

30/12/2013

Active

NO

 

 

Name :

Mr. Vidhya Dutt

Designation :

Director

Address :

459, Pocket-E, Mayur Vihar, Phase-II, Delhi – 110 091, India

Date of Birth/Age :

25.01.1960

Date of Appointment :

15.10.2008

DIN No. :

00702475

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U51909DL2003PTC118395

SREE SYNCHEM PRIVATE LIMITED

Director

17/11/2003

17/11/2003

10/10/2008

Active

NO

2

U25203DL2008PTC177054

RADIANT POLYCHEM PRIVATE LIMITED

Director

15/10/2008

15/10/2008

-

Active

NO

3

U24110DL2012PTC240306

RADIANT COSMETICS PRIVATE LIMITED

Director

16/08/2012

16/08/2012

30/12/2013

Active

NO

 

 

Name :

Mr. Vikas Panthri

Designation :

Director

Address :

459, Pocket-E, Mayur Vihar, Phase-II, Delhi – 110 091, India

Date of Birth/Age :

12.03.1984

Date of Appointment :

23.04.2008

DIN No. :

02126584

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U25203DL2008PTC177054

RADIANT POLYCHEM PRIVATE LIMITED

Director

23/04/2008

23/04/2008

-

Active

NO

2

U24110DL2012PTC240306

RADIANT COSMETICS PRIVATE LIMITED

Director

16/08/2012

16/08/2012

-

Active

NO

3

U24110DL1999PTC097897

MOTHER CHEM INDIA PRIVATE LIMITED

Director

30/09/2014

10/06/2014

-

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 28.09.2013

 

Names of Shareholders

 

 

No. of Shares

Vidhya Dutt

 

112550

Prerna Panthri

 

30050

Vikas Panthri

 

23200

Kusum Panthri

 

11350

Vidhya Dutt and Sons (HUF)

 

26000

Sateshwari Panthri

 

2000

Total

 

205150

 

AS ON 28.09.2013

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Directors or relatives of Directors

100.00

 

 

                 

 

BUSINESS DETAILS

 

Line of Business :

Supplier of chemicals and petrochemicals to Agrochemical formulation, Paint , Printing Inks, Adhesives, Plywood, Laminate, Pharmaceutical, Resins, Wire–Insulation and Rubber Industries.

 

 

Products :

·         Acetone

·         Butyl Acetate

·         Butyl Acrylate Monomer

·         Butyl Cellosolve

·         Butyl Cellosolve Acetate

·         Cyclo Hexanone

·         Di Acetone Alcohol

·         Diethylene Glycol

·         Dodecyl Phenol

·         Ethyl Acetate

·         Ethyl Cellosolve

·         Ethyl Cellosolve Acetate

·         Garasol/Solvent C-9 and C-10

·         Isobutanol

·         Isophorone

·         Iso Propyl Alcohol, etc.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

Not Available

 

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Available

Name of the Person :

Not Available

Contact No.:

Not Available

Since How Long Known :

Not Available

Experience :

Not Available

Maximum Limit Dealt :

Not Available

 

 

Customers :

Reference :

Not Available

Name of the Person :

Not Available

Contact No.:

Not Available

Since How Long Known :

Not Available

Experience :

Not Available

Maximum Limit Dealt :

Not Available

 

 

No. of Employees :

Not Available

 

 

Bankers :

Banker Name

Canara Bank

Branch Address

Mayur Vihar, Phase - II, Delhi – 110 091, India

Person Name (With Designation)

Not Available

Contact Number

Not Available

Name of Account Holder

Not Available

Account Number

Not Available

Account Since (Date/Year of Account Opening)

Not Available

Average Balance Maintained (If Possible)

Not Available

Credit Facilities Enjoyed (If any)

Not Available

Account Operation

Not Available

Remarks (If any)

Not Available

 

·         Dhanlaxmi Bank Limited, Dhanalakshmi Bank Building, Naickanal, Naickanal, Trichur – 680 001, Kerala, India

·         Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India

·         State Bank of India

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Millions)

31.03.2013

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Term Loans from banks:

 

 

Canara Bank - Mortgage Loan

[Canara Bank mortgage loan secured against Vehicle No. HR10Q5031 (Honda Accord)]

0.000

0.223

YES Bank - Mortgage Loan

[Yes Bank mortgage loan secured against Vehicle No. DL 8CAA8690 (i20)]

0.246

0.368

SHORT TERM BORROWINGS

 

 

Term Loans from banks:

 

 

YES Bank Limited - Cash Credit Account

5.509

15.346

Total

5.755

15.937

 

Banking Relations :

--

 

 

Auditors :

 

Name :

A. Joshi and Company

Chartered Accountants

Address :

6202/2, Block 1, Dev Nagar, Karol Bagh, New Delhi – 110 005, India

Tel. No. :

91-11-25743404/ 25819833

PAN No.:

AABFA1234B

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

500000

Equity Shares

Rs.10/- each

Rs.5.000 millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

205150

Equity Shares

Rs.10/- each

Rs.2.052 millions

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

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

2.052

2.052

2.052

(b) Reserves & Surplus

25.194

21.897

18.594

(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)

27.246

23.949

20.646

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

0.246

0.591

0.572

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) Long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

0.246

0.591

0.572

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

10.770

21.687

8.881

(b) Trade payables

110.269

94.201

84.898

(c) Other current liabilities

1.622

2.535

2.036

(d) Short-term provisions

2.309

2.205

2.520

Total Current Liabilities (4)

124.970

120.628

98.335

 

 

 

 

TOTAL

152.462

145.168

119.553

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

5.977

7.176

7.640

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.369

0.291

0.215

(d)  Long-term Loan and Advances

1.487

1.707

1.392

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

7.833

9.174

9.247

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

27.923

26.357

17.873

(c) Trade receivables

102.295

96.962

85.387

(d) Cash and cash equivalents

4.672

4.094

1.253

(e) Short-term loans and advances

1.257

1.418

0.310

(f) Other current assets

8.482

7.163

5.483

Total Current Assets

144.629

135.994

110.306

 

 

 

 

TOTAL

152.462

145.168

119.553

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Revenue from Operations

531.368

557.676

446.660

 

 

Other Income

 

1.009

1.204

 

 

TOTAL                                    

531.368

558.685

447.864

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Purchase for Resale

NA

531.079

414.561

 

 

Cost of Materials consumed

NA

0.000

0.076

 

 

Decrease / (Increase) in Stock in Trade

NA

(8.484)

2.046

 

 

Employee Benefit Expenses

NA

5.703

6.589

 

 

Other Expenses

NA

23.403

17.022

 

 

TOTAL                                    

NA

551.701

440.294

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

NA

6.984

7.570

 

 

 

 

 

Less

FINANCIAL EXPENSES                        

NA

0.811

1.352

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

6.033

6.173

6.218

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

1.248

1.391

1.732

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

4.785

4.782

4.486

 

 

 

 

 

Less

TAX                                                                 

1.488

1.479

1.405

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

3.297

3.303

3.081

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

12.884

9.581

6.499

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

16.181

12.884

9.580

 

 

 

 

 

 

VALUE OF IMPORT ON CIF BASIS

4.294

13.098

 

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

16.07

16.10

15.02

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

NA

0.59

0.69

 

 

 

 

 

Operating Profit Margin

(PBDIT/ Sales)

(%)

NA

1.25

1.69

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.15

3.30

3.76

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.18

0.20

0.22

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.40

0.93

0.46

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.16

1.13

1.12

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(INR in Mlns.)

(INR in Mlns.)

(INR in Mlns.)

Share Capital

2.052

2.052

2.052

Reserves & Surplus

18.594

21.897

25.194

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

20.646

23.949

27.246

 

 

 

 

Long Term borrowings

0.572

0.591

0.246

Short Term borrowings

8.881

21.687

10.770

Total borrowings

9.453

22.278

11.016

Debt/Equity ratio

0.458

0.930

0.404

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(INR in Mlns)

(INR in Mlns)

(INR in Mlns)

Total Income

447.864

558.685

531.368

 

 

24.744

(4.890)

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(INR in Mlns)

(INR in Mlns)

(INR in Mlns)

Total Income

447.864

558.685

531.368

Profit

3.081

3.303

3.297

 

0.69%

0.59%

0.62%

 

 

 

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

No

10]

Designation of contact person

No

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

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

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

NOTE:

 

The registered address of the company has been shifted from 459, Pocket-E, Mayur Vihar, Phase-II, Delhi – 110 091 to the present address w.e.f. 24.01.2014.

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Millions)

31.03.2013

(Rs. In Millions)

SHORT TERM BORROWINGS

 

 

Loans and Advances from Related Parties:

 

 

Prerna Panthri

0.000

0.263

Vikas Panthri

2.158

0.000

Vidhya Dutt

2.437

5.692

Vidhya Dutt and Sons HUF

0.000

0.045

Kusum Panthri

0.666

0.341

Total

5.261

6.341

 

 

 

INDEX OF CHARGES

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10413499

22/04/2013 *

25,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 
400018, INDIA

B74234469

2

10358404

30/10/2010

1,000,000.00

CANARA BANK

MAYUR VIHAR, PHASE - II, DELHI, DELHI - 110091, INDIA

B11036472

 

* Date of charge modification

 

 

FIXED ASSETS

 

·         Land

·         Building

·         Furniture and Fitting

·         Plant and Machinery

·         Tank

·         Refrigerators

·         Vehicles

·         Office Equipment

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.61.74

UK Pound

1

Rs.94.65

Euro

1

Rs.70.79                               

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

SMN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

-- PROFITABILITY

1~10

3

--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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

43

 

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

 

--

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.