MIRA INFORM REPORT
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Report No. : |
314367 |
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Report Date : |
27.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
SWASAN CHEMICALS PRIVATE LIMITED |
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Registered
Office : |
Rajdeep Bunglow No. 8, Sheeield Society A, Lokhandwala Complex, Andheri
(West), Mumbai – 400053, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
06.07.1987 |
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Com. Reg. No.: |
11-043989 |
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Capital
Investment / Paid-up Capital : |
Rs.4.952 Million |
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CIN No.: [Company Identification
No.] |
U24100MH1987PTC043989 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the Manufacturing of Thermoplastic Powders and various Polymer Products having utility in Textile Industries and for various other Industrial Applications. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 320000 |
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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. Management of the company has reported decent profitability during the
financial year 2013-2014. The company seems to be in sound financial position. Trade relations are fair. Business is active. Payments 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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Not Available |
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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
31-03-2014.
LOCATIONS
|
Registered Office / Factory 1 : |
Rajdeep Bunglow No. 8, Sheeield Society A, Lokhandwala Complex,
Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-26328205 / 26328206 / 27436223 |
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Mobile No.: |
91-9820190165 (Mr. Sandeep
Taparia) |
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Fax No.: |
91-22-26328206 |
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E-Mail : |
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Website : |
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Factory 2 : |
Vasai, Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Sandeep Rajnarain Taparia |
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Designation : |
Director |
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Address : |
Bunglow No. 8, Rajdeep, Shefield Society A, Lokhandwala Complex,
Andheri (West), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
25.12.1965 |
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Date of Appointment : |
26.07.1987 |
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DIN No.: |
00617522 |
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Other Directorship:
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Name : |
Rajnarain Kishangopal Taparia |
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Designation : |
Director |
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Address : |
Bunglow No. 8, Rajdeep, Shefield Society A, Lokhandwala Complex,
Andheri (West), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
26.01.1940 |
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Date of Appointment : |
25.01.2010 |
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DIN No.: |
00617495 |
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Other Directorship:
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Name : |
Veenadevi Rajnarain Taparia |
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Designation : |
Director |
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Address : |
Bunglow No. 8, Rajdeep, Shefield Society A, Lokhandwala Complex,
Andheri (West), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
24.04.1946 |
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Date of Appointment : |
15.06.2013 |
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DIN No.: |
00617186 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders [Equity Share] |
|
No. of Shares |
|
Sandeep Rajnarain Taparia |
|
125,450 |
|
Rajnarain
K Taparia HUF |
|
8,400 |
|
Veenadevi Rajnarain Taparia |
|
8,300 |
|
Swati
Baheti |
|
1,500 |
|
Rajnarain Kishangopal Taparia |
|
101,450 |
|
Stuti
Sandeep Taparia |
|
30,000 |
|
Shruti
Sandeep Taparia |
|
20,000 |
|
Alka
Sandeep Taparia |
|
100 |
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|
|
|
|
Total |
|
295,200 |
|
Names of Shareholders [Preference Shares] |
|
No. of Shares |
|
Rajnarain
K Taparia HUF |
|
5,000 |
|
Sandeep Rajnarain Taparia |
|
9,000 |
|
Rajnarain
K Taparia |
|
3,000 |
|
Alka
Sandeep Taparia |
|
3,000 |
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|
|
|
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Total |
|
20,000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the Manufacturing of Thermoplastic Powders and various Polymer Products having utility in Textile Industries and for various other Industrial Applications. |
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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 : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
M.R. Jain and Associates Chartered Accountants |
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Address : |
11, Galaxy Arcade ,Opposite Apsara Store, M.G. Road, Vile Parle
(East), Mumbai – 400057, Maharashtra, India |
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Tel. No.: |
91-22-26184665 |
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Mobile No.: |
91-9820262222 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACPJ712K |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,600,000 |
Equity Shares |
Rs.10/- each |
Rs.36.000 Million |
|
40,000 |
Preference Shares |
Rs.100/- each |
Rs.4.000 Million |
|
|
Total |
|
Rs.40.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
295,200 |
Equity Shares |
Rs.10/- each |
Rs.2.952
Million |
|
20,000 |
Preference Shares |
Rs.100/- each |
Rs.2.000
Million |
|
|
Total |
|
Rs.4.952 Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,800,000 |
Equity Shares |
Rs.10/- each |
Rs.38.000 Million |
|
20,000 |
Redeemable Preference Shares |
Rs.100/- each |
Rs.4.000 Million |
|
|
Total |
|
Rs.40.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
295,200 |
Equity Shares |
Rs.10/- each |
Rs.2.952
Million |
|
20,000 |
6 % Redeemable Preference Shares |
Rs.100/- each |
Rs.2.000
Million |
|
|
Total |
|
Rs.4.952 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 |
4.952 |
4.952 |
4.952 |
|
(b) Reserves & Surplus |
107.043 |
90.278 |
74.318 |
|
(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) |
111.995 |
95.230 |
79.270 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.913 |
1.199 |
1.454 |
|
(b) Deferred tax liabilities
(Net) |
0.074 |
0.150 |
0.149 |
|
(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) |
0.987 |
1.349 |
1.603 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
(2.821) |
2.317 |
4.912 |
|
(b) Trade payables |
4.909 |
2.755 |
0.631 |
|
(c) Other current liabilities |
1.940 |
2.311 |
1.803 |
|
(d) Short-term provisions |
39.339 |
31.279 |
24.848 |
|
Total
Current Liabilities (4) |
43.367 |
38.662 |
32.194 |
|
|
|
|
|
|
TOTAL |
156.349 |
135.241 |
113.067 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
23.871 |
23.164 |
20.308 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
3.052 |
3.024 |
2.997 |
|
(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 |
41.036 |
29.935 |
22.489 |
|
(e) Other Non-current assets |
0.080 |
0.169 |
0.628 |
|
Total
Non-Current Assets |
68.039 |
56.292 |
46.422 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
30.507 |
30.284 |
32.396 |
|
(c) Trade receivables |
48.793 |
37.286 |
29.554 |
|
(d) Cash and cash equivalents |
7.977 |
9.633 |
4.327 |
|
(e) Short-term loans and
advances |
0.835 |
1.573 |
0.180 |
|
(f) Other current assets |
0.198 |
0.173 |
0.188 |
|
Total
Current Assets |
88.310 |
78.949 |
66.645 |
|
|
|
|
|
|
TOTAL |
156.349 |
135.241 |
113.067 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
261.778 |
243.310 |
175.334 |
|
|
Other Income |
0.917 |
0.710 |
0.575 |
|
|
TOTAL (A) |
262.695 |
244.020 |
175.909 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
192.032 |
181.116 |
131.149 |
|
|
Manufacturing Expenses |
23.013 |
24.468 |
18.012 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.375 |
-4.626 |
-1.319 |
|
|
Marketing &
Advertising |
1.066 |
0.960 |
1.299 |
|
|
Employees benefits
expense |
8.084 |
7.229 |
2.354 |
|
|
Administrative &
Other Expenses |
6.178 |
7.079 |
5.082 |
|
|
TOTAL (B) |
233.748 |
216.226 |
156.577 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
28.947 |
27.794 |
19.332 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
0.135 |
0.162 |
0.115 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
28.812 |
27.632 |
19.217 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.805 |
2.579 |
2.101 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
26.007 |
25.053 |
17.116 |
|
|
|
|
|
|
|
Less |
TAX (H) |
8.325 |
8.199 |
6.597 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (JI) |
17.682 |
16.854 |
10.519 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
53.771 |
37.811 |
27.268 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
0.000 |
0.000 |
NA |
|
|
Dividend |
0.784 |
0.769 |
NA |
|
|
Tax on Dividend |
0.132 |
0.125 |
NA |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
70.537 |
53.771 |
37.811 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
59.90 |
57.09 |
35.62 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.75 |
6.93 |
6.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
11.06 |
11.42 |
11.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.97 |
18.95 |
15.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.26 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(0.02) |
0.04 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.04 |
2.04 |
2.07 |
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 |
4.952 |
4.952 |
4.952 |
|
Reserves & Surplus |
74.318 |
90.278 |
107.043 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
79.270 |
95.230 |
111.995 |
|
|
|
|
|
|
long-term borrowings |
1.454 |
1.199 |
0.913 |
|
Short term borrowings |
4.912 |
2.317 |
(2.821) |
|
Total borrowings |
6.366 |
3.516 |
(1.908) |
|
Debt/Equity ratio |
0.080 |
0.037 |
(0.017) |
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 |
175.334 |
243.310 |
261.778 |
|
|
|
38.769 |
7.590 |
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 |
175.334 |
243.310 |
261.778 |
|
Profit |
10.519 |
16.854 |
17.682 |
|
|
6.00% |
6.93% |
6.75% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10196742 |
02/12/2009 |
609,500.00 |
ORIENTAL BANK OF COMMERCE LIMITED |
ANDHERI (W) BRANCH, G 1 & 2, BHARAT APARTMENT,,
C |
A77466415 |
|
2 |
90223184 |
18/05/2012 * |
15,000,000.00 |
ORIENTAL BANK OF COMMERCE |
ANDHERI (W) BRANCH, G1&2, BHARAT APARTMENT, 9,
C. |
B41290719 |
* Date of charge modification
OPERATIONS
During the financial year, the total income of the company is Rs. 262.695 Million and Net profit After Tax is Rs. 17.682 Million.
NATURE OF OPERATIONS
The Company is engaged in the Manufacture of Thermoplastic Powders and various Polymer Products having utility in Textile Industries and for various other Industrial Applications. The Manufacturing activities are concentrated at Vasai, Maharashtra.
FIXED ASSETS
Tangible Assets
- Land at Wada
- Industrial Gala
- Industrial Shed
- Flat at Vasai
- Plant and Machinery
- Computer Hardware
- Furniture and Fixtures
- Motor Car
- Scooter
- Office Equipments
- Air Conditioner
- Borewell Account
- Fire Fighting 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 records 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.62.67 |
|
|
1 |
Rs.93.26 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
48 |
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.