MIRA INFORM REPORT
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Report No. : |
309534 |
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Report Date : |
27.02.2015 |
IDENTIFICATION DETAILS
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Name : |
CHEM-PROCESS SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
15, Natraj Industrial Estate, Vasna-Iyava, Sanand, Ahmedabad – 382170,
Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
12.05.2000 |
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Com. Reg. No.: |
04-037990 |
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Capital
Investment / Paid-up Capital : |
Rs.11.427 Million |
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CIN No.: [Company Identification
No.] |
U29230GJ2000PTC037990 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMC00660C |
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PAN No.: [Permanent Account No.] |
AABCC5915A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Pressure Vessel, Heat Exchanger, Surface
Condensers, Steam Jet Ejectors and Vacuum Systems, Multiple Effect
Evaporation Plant, Crystallizers, Salt Recovery Plants, etc. |
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|
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No. of Employees
: |
230 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
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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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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Financial positon of the company seems to be decent. 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 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 – 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 |
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Rating |
Long term rating = BBB- |
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Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
30.04.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A3 |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk. |
|
Date |
30.04.2014 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Pankaj Shah |
|
Designation : |
Finance Manager |
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Contact No.: |
91-9824266924 |
|
Date : |
26.02.2015 |
LOCATIONS
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Registered Office/ Factory : |
15, Natraj Industrial Estate, Vasna-Iyava, Sanand, Ahmedabad – 382170,
Gujarat, India |
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Tel. No.: |
91-2717-284194/ 284148-49 |
|
Mobile No.: |
91-9824364772 (Mr. Nirav) 91-9824266924 (Mr. Pankaj Shah) |
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Fax No.: |
91-2717-284194 |
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E-Mail : |
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Website : |
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Area : |
10000 sq. ft. |
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Location : |
Owned |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Jayesh Indravadan Parikh |
|
Designation : |
Director |
|
Address : |
43, Niharika Bunglows, Azad Society, Ambawadi, Ahmedabad – 380015,
Gujarat, India |
|
Date of Birth/Age : |
08.01.1962 |
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Date of Appointment : |
12.05.2000 |
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PAN No.: |
ADBPP0813A |
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DIN No.: |
00360752 |
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|
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Name : |
Mr. Pradipkumar Devidas Ravtani |
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Designation : |
Director |
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Address : |
A/7, Crystal Apartment, Opposite ESI Hospital, Gotri Road, Baroda –
390021, Gujarat, India |
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Date of Birth/Age : |
21.05.1962 |
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Date of Appointment : |
12.05.2000 |
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DIN No.: |
00011709 |
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Name : |
Mr. Jitendrabhai Indravadan Parikh |
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Designation : |
Director |
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Address : |
43, Niharika Bunglows, Azad society, Ambawadi, Ahmedabad – 380015,
Gujarat, India |
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Date of Birth/Age : |
25.04.1967 |
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Date of Appointment : |
12.05.2000 |
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DIN No.: |
00011729 |
KEY EXECUTIVES
|
Name : |
Mr. Pankaj Shah |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
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Names of Shareholders |
|
No. of Shares |
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Jayesh Indravadan Parikh |
|
457070 |
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Pradipkumar D Ravtani |
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457072 |
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Jitendrabhai Parikh |
|
76 |
|
Vijaybhai Parikh |
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228514 |
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Total |
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1142732 |
AS ON 28.09.2013
Equity Share Break up (Percentage of Total Equity)
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Category |
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Percentage |
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Directors or relatives of directors |
|
100.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Pressure Vessel, Heat Exchanger, Surface Condensers,
Steam Jet Ejectors and Vacuum Systems, Multiple Effect Evaporation Plant,
Crystallizers, Salt Recovery Plants, etc. |
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Products : |
·
Vacuum ·
Evaporation ·
Crystallization and Salt Recovery ·
Drying ·
Turnkey Solutions ·
Heat Exchangers ·
Pressure Vessels ·
Thermal Design ·
Drawing Design |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
· Pressure Vessel · Heat Exchanger · Vacuum Systems |
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Countries : |
· England · Dubai |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
·
Dharampal Associate |
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Customers : |
End Users ·
Triveny Turbine Limited |
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No. of Employees : |
230 (Approximately) |
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Bankers : |
Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,
Mumbai – 400018, Maharashtra, India ·
Vijaya Bank, Industrial Finance Branch, Kemdhanu Complex, Ambawadi, Ahmedabad
380015, Gujarat, India ·
ICICI Bank Ahmedabad, Gujarat, India ·
HDFC Bank Limited ·
Kotak Mahindra Bank Limited
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
Darshan Bakul and Associates Chartered Accountants |
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Address : |
303 Narayan Complex, Opposite Havmore Restaurant, Navarangpura, Ahmedabad-380014, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAGFD8757P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs.12.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
1142732 |
Equity Shares |
Rs.10/- each |
Rs.11.427 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
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|
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I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
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|
|
|
(a) Share Capital |
11.427 |
11.427 |
11.427 |
|
(b) Reserves &
Surplus |
292.865 |
225.115 |
192.008 |
|
(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) |
304.292 |
236.542 |
203.435 |
|
|
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
13.375 |
8.761 |
11.464 |
|
(b) Deferred tax
liabilities (Net) |
17.413 |
12.954 |
11.076 |
|
(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) |
30.788 |
21.715 |
22.540 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
215.659 |
243.324 |
277.941 |
|
(c) Other current
liabilities |
252.312 |
188.770 |
120.986 |
|
(d) Short-term provisions |
47.898 |
27.423 |
40.233 |
|
Total Current Liabilities
(4) |
515.869 |
459.517 |
439.160 |
|
|
|
|
|
|
TOTAL |
850.949 |
717.774 |
665.135 |
|
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|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
194.767 |
152.516 |
129.250 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
5.261 |
3.859 |
24.138 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
200.028 |
156.375 |
153.388 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
184.487 |
194.333 |
132.186 |
|
(c) Trade receivables |
280.103 |
274.319 |
255.363 |
|
(d) Cash and cash
equivalents |
89.885 |
41.358 |
39.555 |
|
(e) Short-term loans and
advances |
96.446 |
51.389 |
84.643 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
650.921 |
561.399 |
511.747 |
|
|
|
|
|
|
TOTAL |
850.949 |
717.774 |
665.135 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1013.344 |
656.308 |
1077.900 |
|
|
Other Income |
8.049 |
8.474 |
NA |
|
|
TOTAL (A) |
1021.393 |
664.782 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
499.342 |
345.984 |
|
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
|
|
|
Employees benefits expense |
74.650 |
50.302 |
|
|
|
Other expenses |
326.376 |
205.365 |
|
|
|
TOTAL (B) |
900.368 |
601.651 |
NA |
|
|
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|
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|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
121.025 |
63.131 |
110.800 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
8.951 |
3.983 |
1.800 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
112.074 |
59.148 |
109.000 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
(F) |
9.964 |
8.593 |
7.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
102.110 |
50.555 |
101.700 |
|
|
|
|
|
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|
Less |
TAX (H) |
34.360 |
17.448 |
33.100 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
67.750 |
33.107 |
68.600 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
NA |
159.400 |
106.300 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
NA |
3.300 |
6.900 |
|
|
Dividend |
NA |
0.000 |
0.000 |
|
|
Balance with General
Reserve |
NA |
26.700 |
23.300 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
NA |
NA |
159.400 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
81.000 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
59.29 |
28.97 |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.69 |
5.04 |
6.36 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
11.94 |
9.62 |
10.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.07 |
7.08 |
15.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.21 |
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.04 |
0.04 |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.22 |
1.17 |
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 |
11.427 |
11.427 |
11.427 |
|
Reserves & Surplus |
192.008 |
225.115 |
292.865 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
203.435 |
236.542 |
304.292 |
|
|
|
|
|
|
long-term borrowings |
11.464 |
8.761 |
13.375 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
11.464 |
8.761 |
13.375 |
|
Debt/Equity ratio |
0.056 |
0.037 |
0.044 |
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 |
1077.900 |
656.308 |
1013.344 |
|
|
|
(39.112) |
54.401 |
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 |
1077.900 |
656.308 |
1013.344 |
|
Profit |
68.600 |
33.107 |
67.750 |
|
|
6.36% |
5.04% |
6.69% |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term Borrowings |
|
|
|
Other loans |
|
|
|
From Directors |
1.000 |
1.000 |
|
From Shareholders and relative of directors |
0.000 |
0.000 |
|
Total |
1.000 |
1.000 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10471924 |
30/12/2013 |
10,000,000.00 |
THE AHMEDABAD MERCANTILE CO-OPERATIVE BANK LIMITED |
CHANGODAR BRANCH, SHIVAM ARCADE,, NEAR CHANGODAR |
B94148673 |
|
2 |
10471928 |
30/12/2013 |
10,000,000.00 |
THE AHMEDABAD MERCANTILE CO-OPERATIVE BANK LIMITED |
CHANGODAR BRANCH, SHIVAM ARCADE,, NEAR CHANGODAR |
B94149648 |
|
3 |
10313913 |
08/09/2011 |
10,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B23828445 |
|
4 |
10275634 |
21/03/2011 |
7,500,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B08883258 |
|
5 |
10196599 |
08/09/2010 * |
2,377,500.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
A95558938 |
|
6 |
10027819 |
07/09/2013 * |
270,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B86480548 |
|
7 |
10027464 |
23/09/2013 * |
277,500,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B86482783 |
* Date of charge modification
FIXED ASSETS
- Land
- Factory Building
- Flat
- Electric Installation
- Plant and Machinery
- Furniture and Fixture
- Vehicle
- Computer
- Office Equipment
- Office Premises
- Air Conditioner
- Mobile
- Solar Plant
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.61.94 |
|
|
1 |
Rs.96.24 |
|
Euro |
1 |
Rs.70.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.