MIRA INFORM REPORT
|
Report No. : |
327723 |
|
Report Date : |
20.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SYMRISE PRIVATE LIMITED (w.e.f. 19.08.2004) |
|
|
|
|
Formerly Known
As : |
SYMRISE LIMITED (w.e.f. 01.03.2004) DRAGOCO INDIA LIMITED (w.e.f. 12.05.1994) CORAL AROMATICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.140, Old Mahabalipurdam Road, Semmancheri, Chennai - 600119,
Tamilnadu |
|
Tel. No.: |
91-44-24501739 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
17.12.1990 |
|
|
|
|
Com. Reg. No.: |
18-020035 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.33.165 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24294TN1990PTC020035 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHED00571E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD2686A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Exporting and Marketing of Flavours, Fragrances,
Cosmetic Materials and Aroma Chemicals. |
|
|
|
|
No. of Employees
: |
160 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Symrise Holdings Pte. Limited
(Singapore)”, incorporated in the year 1990. It is engaged in the year of
manufacturing, exporting and marketing of flavours, fragrances, cosmetic
materials and aroma chemicals. It has a satisfactory track record. Management has failed to file its financial record with government
department for the year 2014. As per available financials for the previous year 2013, the company
possesses healthy operational performance and it has achieved fine top line
growth along with profitability margin of 6.3%. Rating further reflects strong financial risk profile backed by
adequate networth base with low borrowings. Further, it has fine gap between trade payables to its receivables. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct. In view of sound financial base, the company can be considered normal
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 – 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 |
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. Raji |
|
Designation : |
Key Executives |
|
Contact No.: |
91-44-24501739 |
|
Date : |
19.06.2015 |
LOCATIONS
|
Registered Office : |
No.140, Old Mahabalipurdam Road, Semmancheri, Chennai - 600119,
Tamilnadu |
|
Tel. No.: |
91-44-24501739 |
|
Fax. No. |
Not Available |
|
E-Mail : |
|
|
Website: |
DIRECTORS
As on 30.06.2014
|
Name : |
Mr. Markus Sattler |
|
Designation : |
Director |
|
Address : |
37603 Holzminden, Meiernberg, 12, Germany |
|
Date of Birth/Age : |
15.11.1967 |
|
Date of Appointment : |
27.06.2008 |
|
DIN No.: |
01997233 |
|
|
|
|
Name : |
Mr. Sundar Vinnavadi |
|
Designation : |
Whole Time Director |
|
Address : |
4/468 Shri Anugraha, 8th South Cross Street, Kapaleeshwar
Nagar, Neelankarai, Chennai – 600041, Tamilnadu, India |
|
Date of Birth/Age : |
15.05.1957 |
|
Date of Appointment : |
30.06.2011 |
|
DIN No.: |
03270955 |
|
|
|
|
Name : |
Ms. Hui Chiung Leong |
|
Designation : |
Director |
|
Address : |
13 Hartley Grove, Singapore - 457882 |
|
Date of Birth/Age : |
15.05.1972 |
|
Date of Appointment : |
21.06.2013 |
|
DIN No.: |
06440343 |
|
|
|
|
Name : |
Mathys Alexander Boeren |
|
Designation : |
Additional Director |
|
Address : |
6, Sunset Terrace, Singapore, 597263, , Singapore |
|
Date of Appointment : |
20.11.2014 |
|
DIN No.: |
07015602 |
|
|
|
|
Name : |
Dominador Jr Limosnero Saplad |
|
Designation : |
Additional Director |
|
Address : |
33, Keppel Bay View, 12-96, Singapore, 098419, Singapore |
|
Date of Appointment : |
30.01.2015 |
|
DIN No.: |
07082189 |
KEY EXECUTIVES
|
Name : |
Mr. Sundar V |
|
Designation : |
Secretary |
|
Address : |
4/468 Shri Anugraha, 8th South Cross Street, Kapaleeshwar
Nagar, Neelankarai, Chennai – 600041, Tamilnadu, India |
|
Date of Appointment : |
02.01.1995 |
|
PAN No.: |
AASPS6455R |
|
|
|
|
Name : |
Mr. Raji |
|
Designation : |
Key Executives |
MAJOR SHAREHOLDERS
As on: 30.06.2014
|
Names of Shareholders |
|
No. of Shares |
|
Symrise Holdings Pte. Limited, |
|
3316499 |
|
Symrise Pte. Limited, |
|
1 |
|
Total |
|
3316500 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.06.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Exporting and Marketing of Flavours, Fragrances,
Cosmetic Materials and Aroma Chemicals. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Fragrances |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS
= NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
160 (Approximately) |
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Bankers : |
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|
Facilities : |
(Rs.
In Millions)
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
No.10, Mahatma Gandhi Road, Nungambakkam, Chennai - 600034, Tamilnadu,
India |
|
PAN No.: |
AAIFB0630K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
Ultimate Holding
Company: |
·
Symrise AG, Germany |
|
|
|
|
Holding Company: |
·
Symrise Holding Private Limited (Singapore) |
|
|
|
|
Fellow Subsidiary Company: |
·
Symrise Private Limited, Singapore ·
Symrise Asia Pacific Private Limited, Singapore ·
Symrise Inc., ·
Symrise S De RL de CV, ·
Symrise Aromas E Fragrancias Limited a, ·
Symrise ·
Symrise Limited, Colombia ·
Symrise Private Limited, Australia ·
Symrise Shanghai Limited, ·
Symrise S.A., France ·
Symrise (Private) Limited, South Africa ·
Symrise K.K. (Japan). ·
Synrise, Thailand ·
Synrise, Indonesia ·
Synrise, Philippiness ·
Synrise Limited, China |
CAPITAL STRUCTURE
As on: 30.06.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3316500 |
Equity Shares |
Rs.10/- each |
Rs.33.165 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
33.165 |
33.165 |
33.165 |
|
(b) Reserves & Surplus |
1096.997 |
885.069 |
819.655 |
|
(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) |
1130.162 |
918.234 |
852.820 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
75.000 |
18.750 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
37.152 |
28.318 |
10.230 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
8.529 |
9.984 |
4.941 |
|
Total Non-current
Liabilities (3) |
120.681 |
57.052 |
15.171 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
197.131 |
109.683 |
0.000 |
|
(b) Trade
payables |
338.331 |
529.719 |
364.257 |
|
(c) Other
current liabilities |
94.557 |
71.490 |
32.070 |
|
(d) Short-term
provisions |
21.301 |
18.995 |
9.032 |
|
Total Current
Liabilities (4) |
651.320 |
729.887 |
405.359 |
|
|
|
|
|
|
TOTAL |
1902.164 |
1705.173 |
1273.350 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
244.911 |
210.420 |
220.651 |
|
(ii)
Intangible Assets |
117.824 |
134.673 |
0.000 |
|
(iii)
Capital work-in-progress |
42.069 |
16.927 |
3.301 |
|
(iv)
Intangible assets under development |
5.067 |
0.029 |
143.194 |
|
(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 |
50.461 |
53.339 |
13.440 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
460.333 |
415.388 |
380.586 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
610.089 |
586.493 |
366.458 |
|
(c) Trade
receivables |
676.590 |
582.635 |
446.423 |
|
(d) Cash
and cash equivalents |
127.336 |
89.636 |
60.288 |
|
(e)
Short-term loans and advances |
27.816 |
31.021 |
19.595 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1441.831 |
1289.785 |
892.764 |
|
|
|
|
|
|
TOTAL |
1902.164 |
1705.173 |
1273.350 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
3315.000 |
2555.000 |
2468.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
2939.000 |
2404.000 |
2234.000 |
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
376.000 |
151.000 |
234.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
10.000 |
1.000 |
2.000 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
366.000 |
150.0000 |
232.000 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
50.000 |
45.000 |
21.000 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
316.000 |
105.000 |
211.000 |
|
|
|
|
|
|
|
Less |
TAX |
104.000 |
40.000 |
67.000 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
212.000 |
65.000 |
144.000 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
FOB value of Export |
|
|
53.532 |
|
|
Commission Earnings |
|
|
0.047 |
|
|
TOTAL EARNINGS |
116.000 |
78.200 |
53.579 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
NA |
918.652 |
|
|
Capital Goods |
NA |
NA |
157.437 |
|
|
TOTAL IMPORTS |
NA |
NA |
1076.089 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
63.92 |
19.60 |
43.42 |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.19 |
6.76 |
18.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.11 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /Networth) |
|
0.26 |
0.15 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.21 |
1.77 |
2.20 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2013 (Rs.
In Millions) |
31.12.2012 (Rs.
In Millions) |
31.12.2011 (Rs.
In Millions) |
|
Current Maturities of Long term debt |
25.000 |
6.250 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
33.165 |
33.165 |
33.165 |
|
Reserves & Surplus |
819.655 |
885.069 |
1096.997 |
|
Net worth |
852.820 |
918.234 |
1130.162 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
18.750 |
75.000 |
|
Short term borrowings |
0.000 |
109.683 |
197.131 |
|
Current Maturities of
Long Term Debt |
0.000 |
6.250 |
25.000 |
|
Total borrowings |
0.000 |
134.683 |
297.131 |
|
Debt/Equity ratio |
0.000 |
0.147 |
0.263 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
2468.000 |
2555.000 |
3315.000 |
|
|
|
3.525 |
29.746 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
2468.000 |
2555.000 |
3315.000 |
|
Profit |
144.000 |
65.000 |
212.000 |
|
|
5.83% |
2.54% |
6.40% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
---------------------- |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND
Subject was set up as a Joint Venture in 1994 and is now a part of the Symrise Group, Germany. Symrise Holding Pte. Limited, Singapore (along with its nominee) holds 100% of the paid-up share capital. The Company is engaged in the business of flavours and fragrances.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10390809 |
21/10/2013 * |
100,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
30, RAJAJI SALAI, CHENNAI - 600001, Tamil Nadu, INDIA |
B89121529 |
|
2 |
90297817 |
18/11/2013 * |
232,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
30, RAJAJI SALAI, CHENNAI - 600001, Tamil Nadu, INDIA |
B89995484 |
*Date of modification Charges
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.63.81 |
|
|
1 |
Rs.101.25 |
|
Euro |
1 |
Rs.72.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
PNM |
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 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.