MIRA
INFORM REPORT
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Report Date : |
10.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
EMBASSY TRADERS – A UNIT OF JMD EXIM PRIVATE LIMITED |
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Registered Office : |
B-265, Okhla Industrial Area, Okhala PhaseI, New Delhi-110020 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
01.04.2003 |
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Com. Reg. No.: |
55-119663 |
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CIN No.: [Company
Identification No.] |
U51909DL2003PTC119663 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELJ06552A |
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PAN No.: [Permanent
Account No.] |
AABCJ1237B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader, Importer and Suppliers of all Foreign made and Imported
Alcoholics beverages. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 59000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Mr. Narendra Kumar (Chief Accountant) denied business and financial
details. Subject appears to be a small company in its field. Trade relations
are fair. No payments are available. The company can be considered for any business dealings on safe and
secured trade terms and conditions. |
INFORMATION
DECLINED BY
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Name : |
Mr. Narendra Kumar |
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Designation : |
Chief Accountant |
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Date : |
03.07.2008 |
LOCATIONS
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Registered Office : |
B-265, Okhla Industrial Area, Okhala PhaseI, New Delhi-110020, India |
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Tel. No.: |
91-11-41613186 |
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Fax No.: |
91-11-41708986 |
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E-Mail : |
gk@jmdexim.com , jmdexim1@gmail.com , sidhwani_ashok@yahoo.co.in |
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Website : |
DIRECTORS
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Name : |
Mr. Devraj Makkar |
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Designation : |
Whole Time Director |
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Address : |
H. No. E-30, Rajouri Garden, New Delhi-110027, India |
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Date of Birth/Age : |
22.07.1970 |
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Date of Appointment : |
25.03.2008 |
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Name : |
Mr. Gautam Khanna |
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Designation : |
Chairman cum Director |
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Address : |
C-664, New Friends Colony, New Delhi-110065, India |
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Date of Birth/Age : |
02.10.1867 |
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Date of Appointment : |
01.04.2003 |
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Name : |
Mrs. Anju Khanna |
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Designation : |
Director |
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Address : |
C-664, New Friends Colony, New Delhi-110065, India |
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Date of Birth/Age : |
05.05.1968 |
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Date of Appointment : |
01.04.2003 |
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Name : |
Mr. Sajith Kumar |
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Designation : |
Director |
KEY EXECUTIVES
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Name : |
Mr. Narendra Kumar |
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Designation : |
Account Manager, Finance Manager |
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Name : |
Mr. Padma Kumar |
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Designation : |
Logistics |
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Name : |
Mr. Ajith |
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Designation : |
Administration |
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Name : |
Mr. Pankaj Sindhwani |
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Designation : |
Assistant Account Officer |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2005
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Names of Shareholders |
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No. of Shares |
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Gautam Khanna |
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1800 |
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Anju Khanna |
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200 |
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Total |
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2000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2006
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader, Importer and Suppliers of all Foreign made and Imported
Alcoholics beverages. |
GENERAL
INFORMATION
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Bankers : |
Not available |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Jitendra Kumar Chartered Accountant |
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Address : |
S. No. Nanda and Compny, 96, 2nd Floor, Satya Niketan, New
Delhi-110021, India |
CAPITAL STRUCTURE
As on 30.09.2006
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000 |
Equity Shares |
Rs. 100/- each |
Rs. 20.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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117000 |
Equity Shares |
Rs. 100/- each |
Rs. 11.700 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
11.700 |
0.200 |
0.200 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.220 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
[0.013] |
[0.008] |
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NETWORTH |
11.920 |
0.187 |
0.192 |
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LOAN FUNDS |
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1] Secured Loans |
2.750 |
0.000 |
0.000 |
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2] Unsecured Loans |
5.676 |
0.920 |
0.420 |
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TOTAL BORROWING |
8.426 |
0.920 |
0.420 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
20.346 |
1.107 |
0.612 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
11.134 |
0.000 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
8.456
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0.000 |
0.000 |
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Sundry Debtors |
1.283
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0.000 |
0.000 |
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Cash & Bank Balances |
4.876
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0.386 |
0.062 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
1.184
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0.714 |
0.539 |
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Total
Current Assets |
15.799
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1.100 |
0.601 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
5.953
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0.000 |
0.000 |
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Provisions |
0.641
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0.000 |
0.000 |
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Total
Current Liabilities |
6.594
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0.000 |
0.000 |
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Net Current Assets |
9.205
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1.101 |
0.601 |
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MISCELLANEOUS EXPENSES |
0.007 |
0.007 |
0.011 |
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TOTAL |
20.346 |
1.107 |
0.612 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.26
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4.91 |
2.18 |
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Current Ratio (Current Asset/Current Liability) |
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2.40
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0.00 |
0.00 |
LOCAL AGENCY
FURTHER INFORMATION
The Registered Office of the Company has been
shifted From Delhi-110065, India to the present address w.e.f. 31.08.2006
AS PER WEBSITE
Profile:
Embassy Traders (A UNIT OF JMDEXIM PRIVATE.LIMITED) is a Liquor
Distribution House In India Embassy Traders are Importers and suppliers of
almost all foreign Made and imported alcoholics beverages in india and it is
one of the few private/family owned Liquor distribution company in the
country.Embassy Traders is one of the biggest liquor distribution companies of
2007.
The Company's Chairman, Mr.Gautam Khanna has an expertise in Duty Free
and Duty Paid Business for more than 25 years. Their Chairman, before to
Embassy Traders, was running another Family company in the same Duty Free and
Duty Paid segment by the name of Embassy Stores. It was started by his Father
Late Shri.K.K.KHANNA in Dec 1971. Hence the family has an undisputed 36 years
of experience and expertise in the said business.
Their Chairman Mr.Gautam Khanna has big business intrests in the Middle
East in Oil Distribution,Hotels and the Emerging Real Estate Markets of the
middle East.
Embassy Traders is also managed by the great expertise of their Managing
Director Mrs. Anju Khanna, who has done Masters in Business Management. She is
involved in the Purchases and Administration of the groupEmbassy Traders has an
all over India Operations. It has it's Head Office in B-265 Okhla Phase I New
Delhi. Embassy Traders has branch offices in Mumbai,Kolkotta,Chennai and now in
Chandigarh too.
Embassy Traders in 2006 expanded its operations in the North of India by
opening its branch office and taking a bonded ware house in Chandigarh to
supply to the north of India.
Embassy Traders is the sole and exclusive importers and distributors of
Highland Distillers in Scotland -The Brand manufacturers of The Famous Grouse,
The Macallan Malts , The Highland Park Malts.
Embassy Traders having the great scotch and Malt ranges also are the
exclusive importes and distributors of world class wine 'CRUSE' of Les Grand's
Des Chais from France. And the entire range of these world class wines are
listed in their product list
Embassy Traders besides Distributing the Highland Distilleries products and Les
Grand's Des Chais wines sells the world famous and reputed brands like JW Black
Label / JW Red Label /Chivas Regal /William Grants and all sort of wines /
Beer's /Liquors and Whiskies , they too all are mentioned in the product list .
List of their other companies
1.
Embassy Traders – India
2. JMDEXIM Private. Limited. – India
3. GRK Fabricators Private.Limited.-India
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.13 |
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UK Pound |
1 |
Rs.85.02 |
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Euro |
1 |
Rs.67.77 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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18 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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