MIRA INFORM REPORT
|
Report No. : |
322186 |
|
Report Date : |
14.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRIDENT CHEMPHAR LIMITED |
|
|
|
|
Registered
Office : |
SY. No. 66 and 67, Miyapur, Hyderabad-500050, Telangana |
|
Tel. No.: |
91-40-40408055 |
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|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
21.02.2007 |
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|
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Com. Reg. No.: |
01-052901 |
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Capital
Investment / Paid-up Capital : |
Rs.50.000 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U24232TG2007PLC052901 |
|
|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDT02886C |
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PAN No.: [Permanent Account No.] |
AAEFT8416H |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trading in Chemicals Minerals and Mines. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 130000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. As per registrar of companies the date of balance sheet (i. e. financial filed) is shown as 31.03.2014 but documents related to - financial are not available from any source. As per previous financial record of 2013, management has witnessed a better increase in its sales volume and has reported a minimal profit, with the help of which the management is gradually wiping off its accumulated losses. It is also to be noted that due to accumulated in past, net worth position of the company got hampered and it has reported moderate balance sheet profile. However, trade relations are reported as fair. Payments are reported to be slow but correct. In view of absence of latest financial information backed by moderate balance sheet profile, the company can be considered for business dealing with some caution. |
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
India ratings and research |
|
Rating |
Long term bank facilities: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
11.04.2014 |
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 DECLINED BY
|
Name : |
Mr. Tamil Mani |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-8886918855 |
|
Date : |
12.05.2015 |
LOCATIONS
|
Registered Office : |
SY. No. 66 and 67, Miyapur, Hyderabad-500050, Telangana, India |
|
Tel. No.: |
91-40-40408055/40408080 |
|
Mobile No.: |
91-8886918855 (Mr. Tamil Mani) |
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Fax No.: |
91-40-40408060 |
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E-Mail : |
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|
|
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Correspondence Office: |
Water Mark Building, 6th Floor, Commercial Hitech City, Hyderabad –
500084, Telangana, India |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Gelli Venkata Seshaiah |
|
Designation : |
Director |
|
Address : |
2-1-186/1, Flat No. 201, Sree Residency, Nallakunta, Hyderabad -
500044, Telangana, India |
|
Date of Birth/Age : |
30.06.1949 |
|
Qualification: |
M.Sc., CAIIB |
|
Date of Appointment : |
21.02.2007 |
|
Din No.: |
00778048 |
|
|
|
|
Name : |
Subramani Suresh |
|
Designation : |
Whole Time Director |
|
Address : |
B7, Sri Padhuka Appartemnt No. 56, First Street, Postal Colony, West
Mambalm, Chennai – 600060, Tamilnadu, India |
|
Date of Birth/Age : |
31.05.1957 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
05.12.2013 |
|
Din No.: |
02633641 |
|
|
|
|
Name : |
Mr. Sashi Kumaran Parambath |
|
Designation : |
Director |
|
Address : |
6-3-1219-12/202, Methadist Colony, Begumpet, Hyderabad-500016, Andhra
Pradesh, India |
|
Date of Birth/Age : |
24.08.1967 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
30.11.2009 |
|
Din No.: |
02752493 |
|
|
|
|
Name : |
Mr. Rohit Reddy Penaka |
|
Designation : |
Director |
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Address : |
8-3-169/46, Siddarathnagar, Vengalrao Nagar, S R Nagar, Hyderabad –
50038, Telangana, India |
|
Date of Birth/Age : |
01.10.1988 |
|
Date of Appointment : |
27.09.2010 |
|
Din No.: |
02624136 |
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|
|
|
Name : |
Penaka sarath chandra reddy |
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Designation : |
Director |
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Address : |
Plot No. 46/8-3-169, Siddartha Nagar, Behind Vengal Rao Nagar,
Hyderabad - 500038, Andhra Pradesh, India |
|
Date of Birth/Age : |
22.02.1985 |
|
Qualification: |
BBA |
|
Date of Appointment : |
21.02.2007 |
|
Din No.: |
01628013 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Penaka Sarath Chandra Reddy |
|
28332733 |
|
Subramani Suresh |
|
100 |
|
Gelli Venkata Seshaiah |
|
100 |
|
Gorla Madhu |
|
100 |
|
Gopala Krishna Rao Kandula |
|
100 |
|
K.V. Murali |
|
100 |
|
B Samba Siva Reddy |
|
100 |
|
Total |
|
28333333 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.99 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Chemicals Minerals and Mines. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
K. Nagaraju and Associates Chartered Accountants |
|
Address : |
No. 1-8-197, Chikadpally, Hyderabad-500020, Andhra Pradesh, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AANFK1375R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their relatives (AS ON 31.03.2013): |
|
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs. 400.00
Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28333333 |
Equity Shares |
Rs.10/- each |
Rs. 283.333
Million |
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|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000
Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
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|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
50.000 |
50.000 |
50.000 |
|
(b) Reserves & Surplus |
(3.834) |
(14.777) |
(17.404) |
|
(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) |
46.166 |
35.223 |
32.596 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
26.277 |
121.354 |
220.000 |
|
(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 |
0.445 |
0.294 |
0.006 |
|
Total
Non-current Liabilities (3) |
26.722 |
121.648 |
220.006 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
610.505 |
512.636 |
310.111 |
|
(b) Trade payables |
502.329 |
438.452 |
128.305 |
|
(c) Other current liabilities |
182.278 |
162.357 |
207.792 |
|
(d) Short-term provisions |
3.876 |
3.580 |
3.580 |
|
Total
Current Liabilities (4) |
1298.988 |
1117.025 |
649.788 |
|
|
|
|
|
|
TOTAL |
1371.876 |
1273.896 |
902.390 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4.314 |
2.750 |
0.000 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
36.752 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
598.284 |
526.610 |
504.110 |
|
(c) Deferred tax assets (net) |
0.151 |
0.078 |
0.002 |
|
(d) Long-term Loan and Advances |
1.584 |
15.600 |
6.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
641.085 |
545.038 |
510.112 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
87.043 |
18.369 |
40.926 |
|
(c) Trade receivables |
481.685 |
612.339 |
246.986 |
|
(d) Cash and cash equivalents |
108.151 |
54.063 |
79.443 |
|
(e) Short-term loans and
advances |
46.502 |
40.864 |
23.616 |
|
(f) Other current assets |
7.410 |
3.223 |
1.307 |
|
Total
Current Assets |
730.791 |
728.858 |
392.278 |
|
|
|
|
|
|
TOTAL |
1371.876 |
1273.896 |
902.390 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
1760.439 |
1179.080 |
633.024 |
|
|
Other Income |
139.012 |
113.230 |
31.111 |
|
|
TOTAL
(A) |
1899.451 |
1292.310 |
664.135 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1692.189 |
1041.474 |
519.895 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(68.673) |
22.557 |
(27.945) |
|
|
Employees benefits expense |
6.068 |
5.450 |
3.806 |
|
|
Other expenses |
162.159 |
144.179 |
121.717 |
|
|
Prior period items |
0.000 |
0.000 |
1.669 |
|
|
TOTAL
(B) |
1791.743 |
1213.660 |
619.142 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
107.708 |
78.650 |
44.993 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
87.782 |
75.534 |
49.517 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.926 |
3.116 |
-4.524 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
0.323 |
0.164 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
19.603 |
2.952 |
(4.524) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
8.660 |
0.325 |
12.638 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
10.943 |
2.627 |
(17.162) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.19 |
0.53 |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.58 |
0.20 |
-2.58 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.11 |
0.25 |
-0.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.66 |
0.40 |
-1.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42 |
0.08 |
-0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
13.79 |
18.00 |
16.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.56 |
0.65 |
0.60 |
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 |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
(17.404) |
(14.777) |
(3.834) |
|
Net
worth |
32.596 |
35.223 |
46.166 |
|
|
|
|
|
|
long-term borrowings |
220.000 |
121.354 |
26.277 |
|
Short term borrowings |
310.111 |
512.636 |
610.505 |
|
Total
borrowings |
530.111 |
633.990 |
636.782 |
|
Debt/Equity
ratio |
16.263 |
17.999 |
13.793 |
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 |
633.024 |
1179.080 |
1760.439 |
|
|
|
86.262 |
49.306 |
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 |
633.024 |
1179.080 |
1760.439 |
|
Profit |
(17.162) |
2.627 |
10.943 |
|
|
(2.71%) |
0.22% |
0.62% |
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 |
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 |
Yes |
|
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 |
Yes |
REVIEW OF OPERATIONS
AND FUTURE PLANS(AS ON 31.03.2013)
The company in the Financial Year 2012-13 has achieved robust growth has resulted into considerable increase in revenues, profit before depreciation interest and tax. There is an existing severe competition in the Industry, in spite of the same; during the year the company revenue has increased substantially from Rs. 1292.310 Millions to Rs.1899.453 Millions i.e.; 70% high compared to previous year. Similarly the bottom line of the Company has improved and turned in to black, recording a profit of Rs.10.943 Millions as against Rs.2.627 Millions during the previous year. The Company has shown a tremendous performance, in spite of foreign exchange fluctuation loss of Rs.3.20 crores due to high volatility in the foreign currencies.
The company has expansion plans and as part of its business strategy, it has recruited experienced and valuable employees in the company, in line with other growth objectives in all verticals includes Finance and Banking and Marketing and business development head, their experience and exposure in their respective fields will help the company in achieving its business prospects.
The company has a good market share in Methanol and added new products line; include Acetone, MDC etc will substantially increase revenues during the financial year. Keeping in view of favorable market conditions, inclusion of experienced talent, the Company is projecting a turnover of Rs.5000.000 to 5500.000 Millions during the Financial Year 2013-14 results into considerable business margins. The company will maintain the same momentum in all key parameters may result in growth in all dimensions of the company during the current year and in all subsequent years.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Intercorporate deposits |
0.000 |
90.000 |
|
and advances from directors |
1.000 |
30.000 |
|
Total |
1.000 |
120.000 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION
|
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10531207 |
16/10/2014 |
850,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR,KOLHAPUR, MAHARASHTRA - 416001, INDIA |
C33574583 |
|
2 |
10405974 |
08/12/2014 * |
1,200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - 400018, INDIA |
C39713375 |
|
3 |
10063582 |
24/09/2014 * |
1,000,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, 6-3-879/B,, G. PULLA REDDY BUILDING, BEGUMPET, HYDERABAD, ANDHRA PRADESH - 500003, INDIA |
C33573932 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Furniture and fixtures
- Vehicles
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.64.19 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
32 |
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.