MIRA INFORM REPORT
|
Report Date : |
02.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
FORACE POLYMERS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Delhi Hardwar Road Bahadrabad, Hardwar - 249402, Uttarakhand |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
27.12.1980 |
|
|
|
|
Com. Reg. No.: |
20-005172 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 18.499 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15142UR1980PTC005172 |
|
|
|
|
TIN No.: |
05001786086 |
|
|
|
|
CST No.: |
HR-5001359 |
|
|
|
|
UPST No.: |
HR-0002534 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRTF00069G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF2295B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers, Commission agents, Sole-selling, del-crede agents,
representative, brokers and stokists, distributors, traders, merchants suppliers
and dealers of and in all kinds of light, fine and colours and dyes,
synthetic resins, hardeners, catalysts, binders, synthetic tanning agents and
leather chemical, foundry fluxes, synthetic, vegetables and mineral oil and
their bye-product and raw material and stores. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of Balance Sheet (i.e.
financial filed) is shown as 31.03.2014 but the documents related to
financials are not available for any sources. As per available financial record of 2013, the rating takes into consideration
company’s healthy operational risk profile marked by fair profitability
margins and sound liquidity position of the company. 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. |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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.
INFORMATION DENIED BY
|
Name : |
Mr. Chandan Panda |
|
Designation : |
Technical Services |
|
Contact No.: |
91-9927244777 |
|
Date : |
30.12.2014 |
LOCATIONS
|
Registered Office : |
Delhi Hardwar Road Bahadrabad, Hardwar - 249402, Uttarakhand, India |
|
Tel. No.: |
91-1334-25182/3334000/325988/325989 |
|
Mobile No.: |
91-9927244777 (Mr. Chandan) |
|
Fax No.: |
91-1334-251824/334043 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Hardwar Industrial Area, Saharanpur – 249401, Uttar Pradesh, India |
|
|
|
|
Courier Address
: |
38, Nand Vihar, Hardwar, Uttarakhand, India |
|
Tel No.: |
91-1334-226841/227063 |
DIRECTORS
As on31.03.2014
|
Name : |
Ms. Rashmi Gupta |
|
Designation : |
Director |
|
Address : |
36 Nand Vihar, Po Gurukul Kangri, Hardwar – 249402, Utttarakhand,
India |
|
Date of Birth/Age : |
18.12.1956 |
|
Date of Appointment : |
04.04.2002 |
|
DIN No.: |
00785557 |
|
|
|
|
Name : |
Mr. Suresh Chandra Gupta |
|
Designation : |
Director |
|
Address : |
36 Nand Vihar, Po Gurukul Kangri, Hardwar – 249402, Utttarakhand,
India |
|
Date of Birth/Age : |
06.07.1951 |
|
Date of Appointment : |
27.12.1980 |
|
DIN No.: |
00785598 |
|
|
|
|
Name : |
Mr. Vikas Garg |
|
Designation : |
Managing Director |
|
Address : |
38 Nand Vihar, Po Gurukul Kangri, Hardwar – 249402, Utttarakhand,
India |
|
Date of Birth/Age : |
16.02.1974 |
|
Date of Appointment : |
17.04.2007 |
|
DIN No.: |
00785646 |
|
|
|
|
Name : |
Ms. Sonia Garg |
|
Designation : |
Director |
|
Address : |
38 Nand Vihar, Po Gurukul Kangri, Hardwar – 249402, Utttarakhand,
India |
|
Date of Birth/Age : |
08.10.1973 |
|
Date of Appointment : |
17.01.2007 |
|
DIN No.: |
00786166 |
|
|
|
|
Name : |
Mr. Dipak Kumar Ghosh |
|
Designation : |
Director |
|
Address : |
27- A Arihant Vihar, Po Gurukul Kangri, Hardwar – 249402,
Utttarakhand, India |
|
Date of Birth/Age : |
24.09.1954 |
|
Date of Appointment : |
26.11.2008 |
|
DIN No.: |
02423195 |
KEY EXECUTIVES
|
Name : |
Mr. Chandan Panda |
|
Designation : |
Technical Services |
MAJOR SHAREHOLDERS
Note : Shareholding details file attached
As on31.03.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
18.00 |
|
Directors or relatives of Directors |
82.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, Commission agents, Sole-selling, del-crede agents,
representative, brokers and stokists, distributors, traders, merchants suppliers
and dealers of and in all kinds of light, fine and colours and dyes,
synthetic resins, hardeners, catalysts, binders, synthetic tanning agents and
leather chemical, foundry fluxes, synthetic, vegetables and mineral oil and
their bye-product and raw material and stores. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS= Not Available
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Auditors : |
|
|
Name : |
Hemant Kumar Arora Chartered Accountant |
|
Address : |
354-B, 30, Civil Lines, Roorkee – 247667, Uttarakhand, India |
|
PAN No.: |
AACFH5128G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18499000 |
Equity Shares |
Rs.100/-
each |
Rs. 18.499
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
18.499 |
18.499 |
17.309 |
|
(b) Reserves & Surplus |
268.144 |
230.626 |
107.433 |
|
(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) |
286.643 |
249.125 |
124.742 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
132.068 |
121.180 |
67.816 |
|
(b) Deferred tax liabilities
(Net) |
6.119 |
1.332 |
1.557 |
|
(c) Other long term
liabilities |
0.960 |
1.661 |
2.234 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
139.147 |
124.173 |
71.607 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
288.803 |
282.187 |
227.313 |
|
(b) Trade payables |
479.370 |
388.991 |
277.016 |
|
(c) Other current liabilities |
43.391 |
43.866 |
29.676 |
|
(d) Short-term provisions |
14.484 |
18.075 |
8.376 |
|
Total
Current Liabilities (4) |
826.048 |
733.119 |
542.381 |
|
|
|
|
|
|
TOTAL |
1251.838 |
1106.417 |
738.730 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
174.877 |
82.964 |
85.278 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
1.873 |
57.600 |
1.936 |
|
(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 |
3.179 |
19.083 |
4.568 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
179.929 |
159.647 |
91.782 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
189.952 |
180.951 |
64.413 |
|
(c) Trade receivables |
750.144 |
652.392 |
502.431 |
|
(d) Cash and cash equivalents |
36.621 |
36.838 |
23.895 |
|
(e) Short-term loans and
advances |
91.573 |
74.505 |
45.737 |
|
(f) Other current assets |
3.619 |
2.084 |
10.472 |
|
Total
Current Assets |
1071.909 |
946.770 |
646.948 |
|
|
|
|
|
|
TOTAL |
1251.838 |
1106.417 |
738.730 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
1918.771 |
1754.360 |
1352.348 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
TOTAL
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
47.401 |
43.139 |
24.774 |
|
|
|
|
|
|
|
Less |
TAX |
15.566 |
14.274 |
8.608 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
31.835 |
28.865 |
16.166 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
239.499 |
192.883 |
115.823 |
|
|
TOTAL
EARNINGS |
239.499 |
192.883 |
115.823 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
172.09 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.66 |
1.65 |
1.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.79 |
4.11 |
3.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.17 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.47 |
1.62 |
2.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.29 |
1.19 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
17.309 |
18.499 |
18.499 |
|
Reserves & Surplus |
107.433 |
230.626 |
268.144 |
|
Net
worth |
124.742 |
249.125 |
286.643 |
|
|
|
|
|
|
long-term borrowings |
67.816 |
121.180 |
132.068 |
|
Short term borrowings |
227.313 |
282.187 |
288.803 |
|
Total
borrowings |
295.129 |
403.367 |
420.871 |
|
Debt/Equity
ratio |
2.366 |
1.619 |
1.468 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1352.348 |
1754.360 |
1918.771 |
|
|
|
29.727 |
9.372 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1352.348 |
1754.360 |
1918.771 |
|
Profit |
16.166 |
28.865 |
31.835 |
|
|
1.20% |
1.65% |
1.66% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---------------------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10316936 |
19/10/2011 |
460,000.00 |
PUNJAB NATIONAL BANK |
AMHEDPUR BRANCH, RANIPUR MORE, HARIDWAR, Uttarakhand - 249401, INDIA |
B25047549 |
|
2 |
10285856 |
09/04/2011 |
82,500,000.00 |
PUNJAB NATIONAL BANK |
AHMEDPUR BRANCH, RANIPUR MORE, HARIDWAR, Uttarakhand - 249401, INDIA |
B12593109 |
|
3 |
10227649 |
30/06/2010 |
897,208.00 |
PUNJAB NATIONAL BANK |
AHMEDPUR BRANCH, RANIPUR MORE, HARIDWAR, Uttarakhand - 249401, INDIA |
A89341002 |
|
4 |
10205391 |
19/02/2010 |
600,000.00 |
PUNJAB NATIONAL BANK |
AHMEDPUR BRANCH, RANIPUR MORE, HARIDWAR, Uttarakhand - 249401, INDIA |
A80871122 |
|
5 |
10193928 |
29/09/2010 * |
75,000,000.00 |
PUNJAB NATIONAL BANK |
AHMEDPUR BRANCH, RANIPUR MORE, HARIDWAR, Uttarakhand - 249401, INDIA |
A96972765 |
|
6 |
10192507 |
22/12/2009 |
36,000,000.00 |
PUNJAB NATIONAL BANK |
AHMEDPUR BRANCH, RANIPUR MORE, HARIDWAR, Uttarakhand - 249401, INDIA |
A76137462 |
|
7 |
10152957 |
31/07/2009 * |
10,000,000.00 |
PUNJAB NATIONAL BANK |
AHMEDPUR BRANCH, RANIPUR MORE, HARIDWAR, Uttarakhand - 249401, INDIA |
A69434637 |
|
8 |
10152955 |
31/07/2009 * |
16,140,000.00 |
PUNJAB NATIONAL BANK |
AHMEDPUR BRANCH, RANIPUR MORE, HARIDWAR, Uttarakhand - 249401, INDIA |
A69436087 |
|
9 |
10153759 |
30/08/2012 * |
290,000,000.00 |
PUNJAB NATIONAL BANK |
AHMEDPUR BRANCH, RANIPUR MORE, HARIDWAR, Uttarakhand - 249401, INDIA |
B58459900 |
|
10 |
10152953 |
25/02/2014 * |
375,000,000.00 |
PUNJAB NATIONAL BANK |
AHMEDPUR BRANCH, RANIPUR MORE, HARIDWAR, Uttarakhand - 249401, INDIA |
B98910300 |
* Date of charge modification
FIXED ASSETS
- Building
- Plant and Equipment
- Furniture and Fixture
- Vehicle
- 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,
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.63.32 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.76.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
|
47 |
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.