MIRA INFORM REPORT
|
Report No. : |
344339 |
|
Report Date : |
12.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
PSA POLYMERS PRIVATE LIMITED (w.e.f. 22.01.2014) |
|
|
|
|
Formerly Known
As : |
PSA POLYMERS LIMITED PSA POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-26 C, Mansarover Garden, New Delhi-110015 |
|
Tel. No.: |
91-11-25163835/ 25429202-9195 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.02.1992 |
|
|
|
|
Com. Reg. No.: |
55-047723 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.301 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1992PTC047723 |
|
|
|
|
IEC No.: |
0593048539 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP0762D |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Trader and Importer of Plastic Raw Material. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1992 having
satisfactory track. It is engaged in the business as trader and importer of plastic raw
material. The company is progressing well. Net worth position of the company is
sound. Liquidity of the company is fair. General financial position of the company is normal acceptable for
business dealings. Trade relations are reported as fair. Business is active. Payments terms are reported as usually correct and as per commitments. In view of long track record and acceptable financial base, the company
can be considered normal for business dealings at usual trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 (GENERAL DETAILS)
|
Name : |
Mr. Nageen Jain |
|
Designation : |
Director |
|
Contact No.: |
91-11-25163835 |
|
Date : |
10.10.2015 |
LOCATIONS
|
Registered/ Corporate Office : |
C-26 C, Mansarover Garden, New Delhi-110015, India |
|
Tel. No.: |
91-11-25163835/ 25429202/ 2920/ 9195 |
|
Fax No.: |
91-11-25429202-9195 |
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E-Mail : |
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|
Website : |
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|
|
|
|
Warehouse 1 : |
Plotno.2022, Old Delhi Road, Near Sterling Mahindra Showroom, Gurgaon-122005,
Haryana, India |
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|
|
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Warehouse 2 : |
Industrial Unit No. A-91, 1st Floor Sec-80, District
Gautam Budh Nagar Noida-201301, Uttar
Pradesh, India |
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|
|
|
Warehouse 3 : |
B-19, Basement, G.T. Karnal Road Industrial Area, Delhi-110015, India |
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Warehouse 4 : |
Kh No. 708/468/3, Mauja , Dharampur Opposite Hotel Sangam
Sai Road, Baddi Pargana Dharampur, Solan-173205, Himachal Pradesh, India |
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|
|
|
Warehouse 5 : |
71/7, A-5, Rama Road, New Delhi – 110015, India |
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Tel. No.: |
91-11-65175080 |
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Warehouse 6 : |
House No. 3, Shed No. 5, Lower Ground Floor, Sector - 18, VPO Sarhaul, Near Hippa Complex, Gurgaon– 122001, Haryana, India |
|
Tel. / Fax No : |
91-124-4010342 / 343 |
|
|
|
|
Sales Office: |
Located at: · Bangalore |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mrs. Heeral Jain |
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|
Designation : |
Director |
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|
Address : |
House No. 25/94, Shakti Nagar, Delhi- 110007, Delhi, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
15.03.1992 |
||||||||||||||||||||||||
|
Date of Appointment : |
15.03.2013 |
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|
PAN No.: |
AWEPJ8104E |
||||||||||||||||||||||||
|
DIN No.: |
06541624 |
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|
||||||||||||||||||||||||
|
Name : |
Ms. Jyoti Jain |
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|
Designation : |
Whole-time director |
||||||||||||||||||||||||
|
Address : |
25/94, Shakti Nagar, Delhi-110007, Delhi, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
15.02.1969 |
||||||||||||||||||||||||
|
Date of Appointment : |
15.01.2007 |
||||||||||||||||||||||||
|
PAN No.: |
ADIPJ0775G |
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DIN No.: |
01187748 |
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Other Directorship :
|
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|
||||||||||||||||||||||||
|
Name : |
Mr. Nageen Jain |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
25/94, Shakti Nagar, Delhi-110007, India |
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|
Date of Birth/Age : |
06.06.1963 |
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Date of Appointment : |
21.02.1992 |
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PAN No.: |
AAEPJ0875G |
||||||||||||||||||||||||
|
DIN No.: |
00009685 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Jain |
|
1 |
|
Jyoti Jain |
|
675000 |
|
Nageen Jain |
|
40065 |
|
Gulshan Jain |
|
1 |
|
Bhagwati Ben Khemchand |
|
1 |
|
Gita Jain |
|
1 |
|
Khemchand Jain |
|
1 |
|
Rita Jain |
|
1 |
|
Sha Nainmal Samarathmal Surana |
|
1 |
|
Shyam Tak |
|
1 |
|
Naval Behn Jain |
|
15000 |
|
Ashok Surana |
|
1 |
|
Nageen Jain (HUF) |
|
1 |
|
Veena Jain |
|
1 |
|
Jawahar Lal Jain |
|
1 |
|
Heeral Jain |
|
4 |
|
Total |
|
730081 |
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 : |
Trader and Importer of Plastic Raw Material. |
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|
Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Japan |
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|
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Terms : |
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Selling : |
Cash, L/C and Credit |
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|
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
|
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No. of Employees : |
50 (Approximately) |
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|
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Bankers : |
·
Union Bank of India 26/2
East Patel Nagar, New Delhi - 110008, Delhi, India ·
Dhanlaxmi Bank Limited Dhanalakshmi
Bank Buildingnaickanal, Naickanal, Trichur - 680001, Kerala, India ·
Centurion Bank of Punjab Limited F-2/4,
Rajouri Garden, New Delhi-110027, India |
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|
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Facilities : |
|
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
A.K.
Singhal and Associates Chartered Accountants |
|
Address : |
9,
Ishwar Colony, Delhi, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGPG8603D |
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|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
730,081 |
Equity Shares |
Rs. 10/- each |
Rs. 7.301
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 |
7.301 |
7.301 |
7.301 |
|
(b) Reserves & Surplus |
62.241 |
55.617 |
50.561 |
|
(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) |
69.542 |
62.918 |
57.862 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
70.788 |
67.730 |
66.068 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
70.788 |
67.730 |
66.068 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
514.246 |
274.477 |
178.843 |
|
(c)
Other current liabilities |
170.041 |
148.355 |
121.915 |
|
(d)
Short-term provisions |
5.569 |
5.046 |
0.282 |
|
Total
Current Liabilities (4) |
689.856 |
427.878 |
301.040 |
|
|
|
|
|
|
TOTAL |
830.186 |
558.526 |
424.970 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1.384 |
1.804 |
2.349 |
|
(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 |
0.036 |
0.036 |
0.036 |
|
(c) Deferred tax assets
(net) |
0.378 |
0.376 |
0.344 |
|
(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 |
1.798 |
2.216 |
2.729 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
4.805 |
|
(b)
Inventories |
318.187 |
171.318 |
101.195 |
|
(c)
Trade receivables |
487.681 |
359.459 |
306.275 |
|
(d)
Cash and cash equivalents |
9.722 |
10.729 |
0.899 |
|
(e)
Short-term loans and advances |
12.798 |
14.804 |
9.056 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.011 |
|
Total
Current Assets |
828.388 |
556.310 |
422.241 |
|
|
|
|
|
|
TOTAL |
830.186 |
558.526 |
424.970 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1388.947 |
1133.606 |
|
|
|
Other Income |
|
42.050 |
34.945 |
|
|
|
TOTAL (A) |
NA |
1430.997 |
1168.551 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
|
1445.112 |
1134.658 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(70.123) |
(16.915) |
|
|
|
Employees benefits expense |
|
2.569 |
2.466 |
|
|
|
Other expenses |
|
27.564 |
23.626 |
|
|
|
TOTAL (B) |
NA |
1405.122 |
1143.835 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Interest and Depreciation Expenses) |
25.875 |
24.716 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
17.966 |
17.586 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
7.909 |
7.130 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.593 |
0.771 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
7.316 |
6.359 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
2.260 |
1.965 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6.624 |
5.056 |
4.394 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
CIF
Value of imports |
122.211 |
175.513 |
135.473 |
|
|
TOTAL IMPORTS |
122.211 |
175.513 |
135.473 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.07 |
6.93 |
6.02 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
159.044 |
146.243 |
109.125 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
9.582 |
7.316 |
6.359 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
0.36 |
0.39 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
1.86 |
2.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
1.31 |
1.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.12 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.30 |
3.40 |
3.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.30 |
1.40 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
7.301 |
7.301 |
7.301 |
|
Reserves & Surplus |
50.561 |
55.617 |
62.241 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
57.862 |
62.918 |
69.542 |
|
|
|
|
|
|
Long-term borrowings |
66.068 |
67.730 |
70.788 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
109.125 |
146.243 |
159.044 |
|
Total
borrowings |
175.193 |
213.973 |
229.832 |
|
Debt/Equity
ratio |
3.028 |
3.401 |
3.305 |
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 |
Yes |
|
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 |
No |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
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 |
10542156 |
02/01/2015 |
10,300,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI, DELHI - 110001, |
C40009649 |
|
2 |
10219765 |
02/01/2015 * |
338,000,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI, DELHI - 110001, |
C39839634 |
|
3 |
90041097 |
21/06/1993 |
3,000,000.00 |
F. S. A. POLYMERS PVT LTD. |
36; KHURSHID MARKET, SADAR BAZAR, DELHI, DELHI - 110006, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
70.788 |
57.338 |
|
Loans and advances from others |
0.000 |
9.917 |
|
|
|
|
|
Total |
70.788 |
67.255 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Unexpired
Foreign Letters of Credit (Net
of Margins) |
23.051 |
22.417 |
|
Guarantees
outstanding (Net
of Margins) |
4.950 |
4.500 |
|
Claims
against the Company not acknowledge as debts |
0.000 |
0.000 |
|
|
|
|
|
Total |
28.001 |
26.917 |
FIXED ASSETS:
Tangible Assets
·
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. 64.78 |
|
|
1 |
Rs. 99.54 |
|
Euro |
1 |
Rs. 73.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.