MIRA INFORM REPORT
|
Report No. : |
350099 |
|
Report Date : |
17.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
WELSET PLAST EXTURSIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8 Metalage Industrial Compound Subhash Road, Jogeshwari East,
Mumbai-400060, Maharashtra |
|
Tel. No.: |
91-22-28215734 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
08.07.1988 |
|
|
|
|
Com. Reg. No.: |
11-048042 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 29.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24134MH1988PTC048042 |
|
|
|
|
IEC No.: |
0397045727 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMW01069F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW0614K |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer of PVC Compounds, Masterbatches and Precolouring of CAB. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1988, having satisfactory track. For the financial year 2014, the company has achieved decent sales
turnover marked by satisfactory profitability margins which has increased as
compared to last year. The company possesses decent net worth base marked by adequate
liquidity position. Rating continue to reflect company’s established market position
backed by its long-standing relationship with customers, and the benefits
that it derives from its promoters extensive industry experience. 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 conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit risk |
|
Date |
November 16, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
November 16, 2015 |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Anthony Rodriges |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-28215734 |
|
Date : |
16.11.2015 |
LOCATIONS
|
Registered Office : |
8 Metalage Industrial Compound Subhash Road, Jogeshwari East,
Mumbai-400060, Maharashtra, India |
|
Tel. No.: |
91-22-28215734/ 28387054 |
|
Fax No.: |
91-22-28381088 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 1 : |
Plot No. 19, Shital Industrial Estate, Village Dadra, U.T. of Dadra
and Nagar Haveli, Silvassa – 396230, India |
|
|
|
|
Factory 2 : |
Plot No. 27, Navnit Shah Industrial Estate, Survey No. 25-/11, Village
Dadra, U.T of Dadra and Nagar, Haveli, Silvassa – 396230, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Arvind Mathuradas Mehta |
|
Designation : |
Managing Director |
|
Address : |
5, Neetdeep, 12, Bajaj Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Date of Birth/Age : |
27.08.1945 |
|
Date of Appointment : |
08.07.1988 |
|
DIN No.: |
00141465 |
|
|
|
|
Name : |
Mr. Paresh Arvind Mehta |
|
Designation : |
Director |
|
Address : |
5, Neetdeep, 12, Bajaj Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Date of Birth/Age : |
20.06.1972 |
|
Date of Appointment : |
07.03.1996 |
|
DIN No.: |
00141586 |
|
|
|
|
Name : |
Ms. Indira Arvind Mehta |
|
Designation : |
Director |
|
Address : |
5, Neetdeep, 12, Bajaj Road, Vile Parle (West), Mumbai – 400056, Maharashtra,
India |
|
Date of Birth/Age : |
19.04.1950 |
|
Date of Appointment : |
08.07.1988 |
|
DIN No.: |
00141569 |
KEY EXECUTIVES
|
Name : |
Mr. Anthony Rodriges |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Arvind Mathuradas Mehta |
121900 |
41.60 |
|
Indira Arvind Mehta |
80800 |
27.58 |
|
Paresh Arvind Mehta |
48200 |
16.45 |
|
Arvind (HUF) Mathuradas Mehta |
21800 |
7.44 |
|
Nehal Arvind Mehta |
18800 |
6.42 |
|
Tanisha Paresh Mehta |
1500 |
0.51 |
|
Total |
293000 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of PVC Compounds, Masterbatches and Precolouring of CAB. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Thailand |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/60/90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/60/90 days) |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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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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||||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
N. P. Patwa and Company Chartered Accountants |
|
Address : |
102, Sudaive, Hindu Colony, Road No.3,Dadar (Central),
Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-24118116/ 24115870/ 24114590 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFN2813E |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
499000 |
Equity Shares |
Rs. 100/- each |
Rs. 49.900 Million |
|
1000 |
Preference Shares |
Rs. 100/- each |
Rs. 0.100 Million |
|
|
Total |
|
Rs. 50.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
293000 |
Equity Shares |
Rs.100/- each |
Rs. 29.300
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 |
29.300 |
29.300 |
21.300 |
|
(b) Reserves & Surplus |
145.611 |
124.997 |
112.415 |
|
(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) |
174.911 |
154.297 |
133.715 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
27.287 |
33.332 |
63.108 |
|
(b) Deferred tax liabilities (Net) |
13.906 |
13.444 |
11.505 |
|
(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) |
41.193 |
46.776 |
74.613 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
185.850 |
142.672 |
136.447 |
|
(b) Trade
payables |
264.259 |
256.565 |
204.353 |
|
(c) Other
current liabilities |
20.273 |
16.060 |
12.161 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
470.382 |
415.297 |
352.961 |
|
|
|
|
|
|
TOTAL |
686.486 |
616.370 |
561.289 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
133.949 |
128.653 |
132.598 |
|
(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 |
1.164 |
0.019 |
0.019 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
135.113 |
128.672 |
132.617 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
19.181 |
16.043 |
14.551 |
|
(b)
Inventories |
176.559 |
222.700 |
215.446 |
|
(c) Trade
receivables |
298.269 |
209.307 |
170.023 |
|
(d) Cash
and cash equivalents |
2.794 |
4.366 |
3.590 |
|
(e)
Short-term loans and advances |
34.214 |
17.285 |
16.273 |
|
(f) Other
current assets |
20.356 |
17.997 |
8.789 |
|
Total
Current Assets |
551.373 |
487.698 |
428.672 |
|
|
|
|
|
|
TOTAL |
686.486 |
616.370 |
561.289 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1250.549 |
1049.171 |
796.027 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
40.133 |
27.821 |
12.606 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
9.556 |
9.141 |
7.689 |
|
|
|
|
|
|
|
Less |
EXTRAORDINARY
ITEMS |
0.000 |
0.493 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
30.577 |
18.677 |
4.917 |
|
|
|
|
|
|
|
Less |
TAX |
9.964 |
6.094 |
-0.133 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
20.613 |
12.583 |
5.050 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
NA |
132.850 |
84.031 |
|
|
TOTAL EARNINGS |
NA |
132.850 |
84.031 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
180.520 |
28.534 |
|
|
TOTAL IMPORTS |
NA |
180.520 |
28.534 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
70.35 |
2.33 |
4.22 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1500.000 |
|
|
|
|
|
The above information has been parted by
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 |
|
Net cash flow from (used in) operation |
27.365 |
73.300 |
40.517 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.65 |
1.20 |
0.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.46 |
3.03 |
0.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.12 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.22 |
1.14 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.17 |
1.21 |
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 |
21.300 |
29.300 |
29.300 |
|
Reserves & Surplus |
112.415 |
124.997 |
145.611 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
133.715 |
154.297 |
174.911 |
|
|
|
|
|
|
long-term borrowings |
63.108 |
33.332 |
27.287 |
|
Short term borrowings |
136.447 |
142.672 |
185.850 |
|
Total
borrowings |
199.555 |
176.004 |
213.137 |
|
Debt/Equity
ratio |
1.492 |
1.141 |
1.219 |
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 |
796.027 |
1049.171 |
1250.549 |
|
|
|
31.801 |
19.194 |
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 |
796.027 |
1049.171 |
1250.549 |
|
Profit |
5.050 |
12.583 |
20.613 |
|
|
0.63% |
1.20% |
1.65% |
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 |
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 |
Yes |
|
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 |
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from others |
12.975 |
21.573 |
|
Loans and advances from directors |
3.044 |
1.543 |
|
|
|
|
|
Total |
16.019 |
23.116 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10094298 |
14/03/2009 * |
13,400,000.00 |
State Bank of India |
Industrial Finance Branch, S.V. Road, Malad West, Mumbai, Maharashtra - 400064, INDIA |
A67524579 |
|
2 |
10093753 |
14/03/2009 * |
9,200,000.00 |
State Bank of India |
Industrial Finance Branch, S.V.Road, Malad West, Mumbai, Maharashtra - 400064, INDIA |
A67524777 |
|
3 |
10004495 |
17/04/2015 * |
387,200,000.00 |
State Bank of India |
IFB, Natraj
Building, 102, 1st Floor, 194,, Sir M Maharashtra - 400069, INDIA |
C53187852 |
|
4 |
90237687 |
04/05/2009 * |
50,000,000.00 |
SBI FACTORS AND
COMMERCIAL SERVICES PRIVATE LIMITE |
102, ORACLE POINT,
3 TURNER ROAD, OPP BANDRA RAI Maharashtra - 400050, INDIA |
A63327548 |
|
5 |
90236300 |
24/05/2005 * |
20,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, MALAD, MUMBAI, Maharashtra, INDIA |
- |
|
6 |
90237603 |
19/05/2005 * |
20,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, MALAD WEST, MUMBAI, Maharashtra - 400064, INDIA |
- |
|
7 |
90237240 |
24/05/2005 * |
1,425,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, MALAD WEST, MUMBAI, Maharashtra - 400064, INDIA |
- |
|
8 |
90237153 |
24/05/2005 * |
2,300,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, MALAD WEST, MUMBAI, Maharashtra - 400064, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
- Land
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Laboratory Equipments
- Air Conditioners
- Computers
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 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. 66.17 |
|
UK Pound |
1 |
Rs. 100.66 |
|
Euro |
1 |
Rs. 70.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
AMT |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.