MIRA INFORM REPORT
|
Report No. : |
350584 |
|
Report Date : |
19.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SODIUM METAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
21, GIDC, Chemical Complex, Nandesari, Vadodara – 391340, Gujarat |
|
Tel. No.: |
91-265-2840157 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
31.03.1970 |
|
|
|
|
Com. Reg. No.: |
04-001715 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1970PTC001715 |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDS02238F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS5499J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Drug Intermediates, Fine and Specialty
Chemicals. |
|
|
|
|
No. of Employees
: |
125 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is well established company having good track record. The
Company is engaged into manufacturing and exporting of sodium metal, fine
chemical and intermediates. As per financial of the year 2014, company has shown above average
increase in its total income of Rs. 1020.000 Million and reported the topline
growth of 47.29%, profitability stood at 9.22% backed by its debt to equity
at 1.08 times. Rating continue to take comfort on company’s significant growth in its
income from FY 2013 to 2014 as well as long standing presence of the
promoters and the company in manufacturing of drug intermediates and
specialty chemicals. However, trade relations are reported to be fair. Business is active
and payments are regular as per committed. In a view of its long history and sound business operations, company
can be considered for business with its 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
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Ketan Dhirajlal Kapasi |
|
Designation : |
Director |
|
Contact No.: |
91-9821118405 |
|
Date : |
17.11.2015 |
LOCATIONS
|
Registered Office/ Factory : |
21, GIDC, Chemical Complex, Nandesari, Vadodara – 391340, Gujarat,
India |
|
Tel. No.: |
91-265-2840157/ 6 |
|
Mobile No.: |
91-9601298309 (Mr. Paresh Dalal) 91-9821118405 (Mr. Ketan Dhirajlal Kapasi) |
|
Fax No.: |
91-265-2840893 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Leased |
|
Locality : |
Industrial |
|
|
|
|
Corporate Office : |
G-16/17, 8th Floor, Everest Building, Tardeo Road, Mumbai –
400034, Maharashtra, India |
|
Tel. No.: |
91-22-66625664/ 5 |
|
Fax No.: |
91-22-66625663 |
|
E-Mail : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ketan Dhirajlal Kapasi |
|
Designation : |
Director |
|
Address : |
Pashmina Building, 34, Altamount Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1971 |
|
Date of Appointment : |
25.01.2014 |
|
DIN No.: |
00438549 |
|
|
|
|
Name : |
Mr. Kantilal Dhanjibhai Parekh |
|
Designation : |
Director |
|
Address : |
FF 101 Devashya Shringr, Block‐A‐25, Vadodara - 390010, Gujarat, India |
|
Date of Birth/Age : |
11.12.1939 |
|
Date of Appointment : |
10.08.2003 |
|
DIN No.: |
01972977 |
|
|
|
|
Name : |
Mr. Vimal Arvind Kapasi |
|
Designation : |
Director |
|
Address : |
C‐2/ 201‐202 Parshwa Residency, SNDT College Road, Near Kamat Kidney Hospital, Akota, Vadodara, Gujarat, India |
|
Date of Birth/Age : |
29.12.1971 |
|
Date of Appointment : |
25.01.2014 |
|
DIN No.: |
06820064 |
KEY EXECUTIVES
|
Name : |
Mr. Paresh Dalal |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kapsi Arvind Dipchand |
|
250 |
|
Ketan D. Kapasi |
|
51000 |
|
Kapasi Saroj Dhirajlal |
|
18750 |
|
|
|
|
|
Total |
|
70000 |
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 and Exporter of Drug Intermediates, Fine and Specialty
Chemicals. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· Germany · Turkey · Belgium · Russia · France · UK · Italy |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· China · Germany |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
125 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
C R Shah and Company Chartered Accountants |
|
Address : |
605 Yashkamal Building, Station Road, Sayajigunj,
Vadodara, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFC1026E |
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|
|
|
Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
·
Kalpsutra Gujarat ·
N. R. Oil ·
Tide Industries |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95,000 |
Equity Shares |
Rs. 100/- each |
Rs. 9.500 Million |
|
5,000 |
Preference Shares |
Rs. 100/- each |
Rs. 0.500 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 10.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70,000 |
Equity Shares |
Rs. 10/- each |
Rs. 7.000 Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95,000 |
Equity Shares |
Rs. 100/- each |
Rs. 9.500 Million |
|
5,000 |
Preference Shares |
Rs. 100/- each |
Rs. 0.500 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 10.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70,000 |
Equity Shares |
Rs. 10/- each |
Rs. 7.000 Million |
|
5,000 |
Preference Shares |
Rs. 100/- each |
Rs. 0.500 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 7.500
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 |
7.500 |
7.500 |
7.500 |
|
(b) Reserves & Surplus |
190.085 |
95.621 |
55.909 |
|
(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) |
197.585 |
103.121 |
63.409 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
87.932 |
160.440 |
129.549 |
|
(b) Deferred tax liabilities (Net) |
27.237 |
23.833 |
19.548 |
|
(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) |
115.169 |
184.273 |
149.097 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
125.657 |
53.471 |
84.390 |
|
(b)
Trade payables |
144.924 |
110.555 |
106.310 |
|
(c)
Other current liabilities |
8.885 |
7.711 |
10.880 |
|
(d)
Short-term provisions |
73.716 |
26.763 |
16.235 |
|
Total
Current Liabilities (4) |
353.182 |
198.500 |
217.815 |
|
|
|
|
|
|
TOTAL |
665.936 |
485.894 |
430.321 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
169.918 |
170.708 |
140.263 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2.224 |
0.000 |
5.333 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.423 |
0.423 |
0.423 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
5.161 |
5.050 |
2.181 |
|
(e)
Other Non-current assets |
8.039 |
2.247 |
0.000 |
|
Total
Non-Current Assets |
185.765 |
178.428 |
148.200 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
106.569 |
62.331 |
79.442 |
|
(c)
Trade receivables |
285.882 |
198.181 |
165.476 |
|
(d)
Cash and cash equivalents |
38.346 |
22.235 |
26.037 |
|
(e)
Short-term loans and advances |
49.374 |
24.719 |
11.166 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
480.171 |
307.466 |
282.121 |
|
|
|
|
|
|
TOTAL |
665.936 |
485.894 |
430.321 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
1027.282 |
697.430 |
576.990 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
873.877 |
621.343 |
522.923 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
153.405 |
76.087 |
54.067 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.145 |
14.865 |
12.767 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
139.260 |
61.222 |
41.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
44.570 |
21.285 |
9.734 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
94.690 |
39.937 |
31.566 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
80.514 |
42.500 |
37.606 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
303.348 |
223.445 |
146.821 |
|
|
|
Capital Goods |
0.589 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
303.937 |
223.445 |
146.821 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1262.53 |
532.49 |
482.15 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1300.000 |
|
|
|
|
|
Expected Sales (2015-2016): Rs.1500.000 Million
The above information has been parted by Mr. Ketan Kapasi (Director)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
1.800 |
2.508 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
172.951 |
49.698 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.00 |
12.61 |
9.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.70 |
0.59 |
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.08 |
2.09 |
3.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.55 |
1.30 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
7.500 |
7.500 |
7.500 |
|
Reserves & Surplus |
55.909 |
95.621 |
190.085 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
63.409 |
103.121 |
197.585 |
|
|
|
|
|
|
Long-term borrowings |
129.549 |
160.440 |
87.932 |
|
Short term borrowings |
84.390 |
53.471 |
125.657 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
2.508 |
1.800 |
0.000 |
|
Total
borrowings |
216.447 |
215.711 |
213.589 |
|
Debt/Equity ratio |
3.414 |
2.092 |
1.081 |
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) |
|
Total Income |
576.990 |
697.430 |
1027.282 |
|
|
|
20.874 |
47.295 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
576.990 |
697.430 |
1027.282 |
|
Profit |
31.566 |
39.937 |
94.690 |
|
|
5.47% |
5.73% |
9.22% |
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 |
Yes |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10044470 |
26/03/2007 |
7,500,000.00 |
BANK OF BARODA |
NANDESARI BRANCH, NANDESARI
IND. ESTATE, VADODARA, GUJARAT - 391340, INDIA |
A13110697 |
|
2 |
90096374 |
20/06/1995 |
24,400,000.00 |
BANK OF BARODA |
NANDESARI, BARODA,
GUJARAT, INDIA |
- |
|
3 |
90097964 |
01/04/2009 * |
141,500,000.00 |
BANK OF BARODA |
NANDESARI BRANCH, NANDESARI
INDUSTRIAL ESTATE, VADODARA, GUJARAT - 391340, INDIA |
A63520514 |
|
4 |
90096301 |
10/04/2009 * |
141,500,000.00 |
BANK OF BARODA |
NANDESARI
INDUSTRIAL ESTATE, GIDC NANDESARI, VADODARA, GUJARAT - 391340, INDIA |
A63521017 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans repayable on demand |
46.099 |
96.598 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
125.657 |
53.471 |
|
|
|
|
|
Total |
171.756 |
150.069 |
FINANCIAL
PERFORMANCE
During the year, Company recorded total income of Rs. 1027.282 Million as
against Rs. 697.493 Million in the previous year. The net profit for the year
ended 31/03/2014 is Rs. 94.690 Million as compared to 39.937 Million in the
previous year. Shareholder’s Net worth is Rs.197.585 Million.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
|
1. On Account of Bank Guarantee |
10.400 |
|
2. On Account of Pending Sales Tax matter |
0.720 |
|
3. Arrears of Dividend on 9.5% Redeemable Cumulative non convertible Preference Shares Since 20-09-2004 |
0.531 |
|
4. On Account of Letter of Credit |
14.156 |
|
|
|
|
Total |
25.807 |
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
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. 66.11 |
|
|
1 |
Rs. 100.51 |
|
Euro |
1 |
Rs. 70.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
50 |
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.