MIRA INFORM REPORT
|
Report No. : |
326455 |
|
Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MERU CHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gala No.313, Ramgopal Industrial Estate, Dr R.P. Road, Opposite
Jawahar Talkies, Mulund (West), Mumbai – 400080, Maharashtra |
|
Tel. No.: |
91-22-25619517/ 65776500 / 67105940 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.03.2009 |
|
|
|
|
Com. Reg. No.: |
11-191266 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.750 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2009PTC191266 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM36684E |
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|
|
|
PAN No.: [Permanent Account No.] |
AAFCM9760K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
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Line of Business
: |
Trader of a wide range of organic and inorganic chemicals, solvents,
intermediates, pharma raw materials. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
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 70000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory record. For the financial year ended 2014, company has reported decent sales
turnover growth and it has achieved topline growth 31.67% but it has reported
low profitability margins at 0.67%. Rating also takes into consideration company’s sound financial risk
profile and fair. Profitability margins 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Manish K. Shah |
|
Designation : |
Director |
|
Contact No.: |
91-9820196391 |
|
Date : |
06.06.2015 |
LOCATIONS
|
Registered Office : |
Gala No.313, Ramgopal Industrial Estate, Dr. R.P. Road, Opposite
Jawahar Talkies, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Tel. No.: |
91-22-25619517/ 65776500 / 67105940 |
|
Mobile No.: |
91-9820196391 (Mr. Manish K Shah) |
|
Fax No.: |
91-22-25691516 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Warehouse: |
Rehnal Village, Bhiwandi, Maharashtra, India |
DIRECTORS
AS ON 19.09.2014
|
Name : |
Mr. Manish Kantilal Shah |
|
Designation : |
Director |
|
Address : |
G/102, Vardhman Nagar, Dr. R. P. Road, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
02.07.1976 |
|
Date of Appointment : |
26.03.2009 |
|
DIN No.: |
02544979 |
|
|
|
|
Name : |
Mr. Kantilal Bavchand Shah |
|
Designation : |
Director |
|
Address : |
L/501, Vardhman Nagar, Dr. R. P. Road, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
15.02.1947 |
|
Date of Appointment : |
26.03.2009 |
|
Voter ID No.: |
NNX0235308 |
|
DIN No.: |
02545060 |
|
|
|
|
Name : |
Mrs. Tejal Manish Shah |
|
Designation : |
Director |
|
Address : |
G/102, Vardhman Nagar, Dr. R. P. Road, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
02.08.1976 |
|
Date of Appointment : |
26.03.2009 |
|
Voter ID No.: |
NNX2370021 |
|
DIN No.: |
02545024 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.09.2014
|
Names of Shareholders |
No. of Shares |
|
Manish Kantilal Shah |
120000 |
|
Kantilal Bavchand Shah |
20000 |
|
Tejal Manish Shah |
105000 |
|
Chandraben K. Shah |
2500 |
|
Poonamchand Bavchand Shah |
10 |
|
Manish K. Shah (HUF) |
1245 |
|
Kantilal b. Shah (HUF) |
1245 |
|
Kavita Harshad Shah |
5000 |
|
Seema D. Bharbhava |
5000 |
|
Dharmen H Shah |
5000 |
|
Ami Sanghvi |
5000 |
|
Sunil J Gandhi |
5000 |
|
Sejal R Shah |
5000 |
|
Ramniklal Shah |
5000 |
|
Sheetal Sheth |
5000 |
|
Shobha Bombale |
5000 |
|
Nilesh Shah |
5000 |
|
Khusbu Shah |
5000 |
|
Sheetal Jakhaliva |
5000 |
|
Geeta Jakhaliva |
5000 |
|
Mahesh Gujrathi |
5000 |
|
Sagar Ganatra |
5000 |
|
Indumati Sanghvi |
5000 |
|
Dhawal Mehta |
5000 |
|
Jinal Maniyar |
5000 |
|
Chandni Sanghvi |
5000 |
|
Shailesh Vora |
5000 |
|
Arpit Shah |
5000 |
|
Neeta Gandhi |
5000 |
|
Arti Thakker |
5000 |
|
Henil Joshi |
5000 |
|
Bhanuben Ramniklal |
5000 |
|
Total |
375000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 19.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
66.67 |
|
Other top fifty shareholders |
33.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of a wide range of organic and inorganic chemicals, solvents,
intermediates, pharma raw materials. |
|
|
|
|
Products : |
· Industrial Chemicals: Glacial Acetic Acid, Formic Acid, Para Formaldehyde, Chloroform, Phosphoric Acid, Methylene Chloride, Dimethyformamide, AAG Textile Acid, Hydrogen Peroxide, Soda Ash Substitute, etc. · Powder Chemicals: Potassium Carbonate, Adipic Acid, Bisphenol-A, etc. · Solvent Chemicals: Ethyl Acetate, Liquid Paraffin, Isopropyl Alcohol, Formaldehyde, Acetone, etc. · Petrochemicals: Cyclohexanone, Cyclohexane, Caustic Potash Flakes, Polyethylene Glycol, etc. · Specialty Chemicals: Molecular Sieve, Glycerine, Sulfamic Acid, Sorbitol, Dipropylene Glycol, Trimellitic Anhydride, etc. |
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit (30,60,90 Days) |
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|
|
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Purchasing : |
Cash and Credit (30,60,90 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
S.P. Maher and Associates Chartered Accountants |
|
Address : |
17, Shankar Bhuvan, Opposite Gyan Sarita School, N. S. Road, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Tel. No.: |
91-22-25907585 |
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Mobile No.: |
91-9869028560 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AJFPM8683H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
Parshvachem Enterprises |
CAPITAL STRUCTURE
AS ON 19.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
375000 |
Equity Shares |
Rs.10/- each |
Rs.3.750
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 |
3.750 |
3.750 |
3.750 |
|
(b) Reserves &
Surplus |
19.173 |
16.826 |
15.239 |
|
(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) |
22.923 |
20.576 |
18.989 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.188 |
0.188 |
0.314 |
|
(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) |
0.188 |
0.188 |
0.314 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
25.064 |
17.797 |
17.474 |
|
(b) Trade payables |
65.294 |
56.777 |
34.960 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
2.744 |
2.265 |
1.391 |
|
Total Current Liabilities
(4) |
93.102 |
76.839 |
53.825 |
|
|
|
|
|
|
TOTAL |
116.213 |
97.603 |
73.128 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.034 |
1.119 |
1.379 |
|
(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 |
0.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets
(net) |
0.002 |
0.002 |
0.002 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.013 |
0.026 |
0.000 |
|
Total Non-Current Assets |
1.074 |
1.172 |
1.406 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
5.922 |
6.459 |
4.985 |
|
(c) Trade receivables |
103.250 |
86.403 |
62.735 |
|
(d) Cash and cash
equivalents |
2.304 |
0.151 |
1.026 |
|
(e) Short-term loans and
advances |
3.663 |
3.418 |
2.937 |
|
(f) Other current assets |
0.000 |
0.000 |
0.039 |
|
Total Current Assets |
115.139 |
96.431 |
71.722 |
|
|
|
|
|
|
TOTAL |
116.213 |
97.603 |
73.128 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
345.631 |
262.608 |
227.742 |
|
|
Other Income |
0.442 |
0.675 |
0.609 |
|
|
TOTAL
|
346.073 |
263.283 |
228.351 |
|
|
|
|
|
|
|
|
OPERATING
EXPENSES |
342.314 |
262.421 |
226.310 |
|
|
Other Expenses |
NA |
NA |
NA |
|
|
TOTAL EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
3.223 |
2.336 |
1.984 |
|
|
|
|
|
|
|
|
TAX |
1.145 |
0.749 |
0.558 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
2.348 |
1.587 |
1.426 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
5.576 |
3.989 |
2.563 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
7.924 |
5.576 |
3.989 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
6.26 |
4.23 |
5.70 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
500.000 |
|
|
|
|
|
The above information has been parted by Mr. Manish Shah (Director).
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 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.68 |
0.60 |
0.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.77 |
2.39 |
2.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.11 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.10 |
0.87 |
0.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.25 |
1.33 |
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 |
3.750 |
3.750 |
3.750 |
|
Reserves & Surplus |
15.239 |
16.826 |
19.173 |
|
Net worth |
18.989 |
20.576 |
22.923 |
|
|
|
|
|
|
long-term borrowings |
0.314 |
0.188 |
0.188 |
|
Short term borrowings |
17.474 |
17.797 |
25.064 |
|
Total borrowings |
17.788 |
17.985 |
25.252 |
|
Debt/Equity ratio |
0.937 |
0.874 |
1.102 |
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 |
227.742 |
262.608 |
345.631 |
|
|
|
51.764 |
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 |
227.742 |
262.608 |
345.631 |
|
Profit |
1.426 |
1.587 |
2.348 |
|
|
0.63% |
0.60% |
0.68% |
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 |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 |
Yes |
|
26 |
Turnover of firm for last four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from L-501, Vardhman Nagar, Dr. Rajendra Prasad Road, Mulund (West), Mumbai - 400080, Maharashtra, India to the present address w.e.f. 20.04.2012
REVIEW OF
OPERATIONS:
During the financial year the company earned Rs. 345.631 as Revenue from
operations further the Company has earned Rs. 0.442 Million as other income
during the said financial year. The Operative Expenses was Rs. 342.314 during
the sail financial year. The company has earned Rs. 2.348 Million net profit
during the financial year.
PERFOMANCE OF
COMPANY:
The company continued to focus in the areas aligned with the overall
vision and its efforts to improve efficiency, productivity, and profitability.
Being in the business of dealer in Chemicals and aligned products the company
is also focusing and improving the business and there Directors are taking
continuous efforts to improve the growth of the company.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
SHORT TERM
BORROWING |
|
|
|
From Directors |
2.742 |
5.442 |
|
From Others |
15.648 |
8.927 |
|
Total |
18.390 |
14.369 |
INDEX
OF CHARGES
|
S.No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10187666 |
06/02/2014
* |
10,000,000.00 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
SHOP NO. 70, 71, 72, VEENA
NAGAR CHS LTD, OFF. LBS MARG, MULUND (WEST),, MUMBAI - 400080, MAHARASHTRA, INDIA |
B97079115 |
* Date of charge modification
FIXED ASSETS
· Scooter
· AC
· Mobile
· Computer
· UPS
· Fax UL – P200
· Printer
· Furniture and Fixture
· Computer Trolley
· Battery
· Refrigerator
· Electricity and Fittings
· Inverter
· Microven
· Car
·
LCD
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.63.94 |
|
UK Pound |
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
GTA |
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 |
YES |
|
--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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.