BUSINESS
INFORMATION REPORT
1. Summary Information
|
Country |
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||
|
Company Name |
JUMBO DISTRIBUTORS PRIVATE LIMITED |
Principal Name 1 |
MR. BHARATKUMAR OTERMAL JAIN |
|
Status |
MODERATE |
Principal Name 2 |
MR. PRAKASH RAMRATAN JAIN |
|
Registration # |
11-150113 |
||
|
Street Address |
I 1/ 1 TO 6, SAGAR COMPLEX, NASHIK HIGHWAY, OVALI VILLAGE, OPPOSITE H.P. PETROL PUMP, TALUKA BHIWANDI, BHIWANDI – 421 302, MAHARASHTRA |
||
|
Established Date |
21.12.2004 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
TRADER |
|
Fax # |
-- |
Business Style 2 |
DEALER |
|
Homepage |
-- |
Product Name 1 |
ELECTRONICS AND CONSUMER DURABLE PRODUCTS |
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.10,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS – 100% |
Banking |
SYNDICATE
BANK |
|
Public Limited Corp. |
NO |
Business Period |
6 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
41,909,000
|
Current Liabilities |
1,669,000
|
|
Inventories |
33,494,000
|
Long-term Liabilities |
52,421,000 |
|
Fixed Assets |
2,073,000 |
Other Liabilities |
4,328,000
|
|
Deferred Assets |
64,000 |
Total Liabilities |
58,418,000 |
|
Invest& other Assets |
35,000 |
Retained Earnings |
9,157,000 |
|
|
|
Net Worth |
19,157,000 |
|
Total Assets |
77,575,000 |
Total Liab. & Equity |
77,575,000 |
|
Total Assets (Previous Year) |
73,184,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
2,710,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
1,936,000 |
MIRA INFORM REPORT
|
Report Date : |
16.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
JUMBO DISTRIBUTORS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
I 1/ 1 to 6, Sagar Complex, Nashik Highway, Ovali Village, Opposite H.P. Petrol Pump, Taluka Bhiwandi, Bhiwandi – 421 302, Maharashtra |
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|
Country : |
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|
|
|
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Financials (as
on) : |
31.03.2010 |
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|
|
|
Date of Incorporation : |
21.12.2004 |
|
|
|
|
Com. Reg. No.: |
11-150113 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51395MH2004PTC150113 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
PNEJ05469C |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
Trader and Dealer of Electronics and Consumer Durable Products. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 77000 |
|
|
|
|
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. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for small to mediocre 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
I 1/ 1 to 6, Sagar Complex, Nashik Highway, Ovali Village, Opposite H.P. Petrol Pump, Taluka Bhiwandi, Bhiwandi – 421 302, Maharashtra, India |
|
Email : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Bharatkumar Otermal Jain |
|
Designation : |
Director |
|
Address : |
103, Gautam Labdhi, |
|
Date of Birth/ Age : |
12.10.1962 |
|
Date of Appointment : |
21.12.2004 |
|
DIN No.: |
01455641 |
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|
|
|
Name : |
Mr. Prakash Ramratan Jain |
|
Designation : |
Director |
|
Address : |
103, Gopal Krishna Apartments, |
|
Date of Birth/ Age : |
24.08.1972 |
|
Date of Appointment : |
21.12.2004 |
|
DIN No.: |
01541492 |
|
|
|
|
Name : |
Mr. Narain Khushiram Bajaj |
|
Designation : |
Director |
|
Address : |
Block C-1/1, Laxmi Sadan, Ulhas Nagar – 421 003, |
|
Date of Birth/ Age : |
18.03.1942 |
|
Date of Appointment : |
21.12.2004 |
|
DIN No.: |
02633781 |
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|
|
|
Name : |
Mr. Ram Jethanand Tanwani |
|
Designation : |
Director |
|
Address : |
407, Heera Panna Apartment, Gol Maidan, Ulhas Nagar, |
|
Date of Birth/ Age : |
22.07.1969 |
|
Date of Appointment : |
21.12.2004 |
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Date of Ceasing : |
31.03.2010 |
|
DIN No.: |
03033552 |
|
|
|
|
Name : |
Mr. Sheeranj Manayath Vayaleri |
|
Designation : |
Director |
|
Address : |
201, Abhishek, Ambika Nagar, |
|
Date of Birth/ Age : |
31.05.1967 |
|
Date of Appointment : |
21.12.2004 |
|
Date of Ceasing : |
31.03.2010 |
|
DIN No.: |
02999138 |
MAJOR SHAREHOLDERS
As on 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Bahart Jain |
30000 |
|
Prakash Jain |
200000 |
|
Narian Bajaj |
30000 |
|
O.K.Televisions Private Limited, |
303333 |
|
Usha Electro Trade Ag. Private Limited, |
303333 |
|
Ram Ratan Chhajed |
133334 |
|
Total |
1000000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Dealer of Electronics and Consumer Durable Products. |
GENERAL INFORMATION
|
Bankers : |
Syndicate Bank, Priyadarshni, |
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Facilities : |
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Banking
Relations : |
-- |
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|
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Financial Institution : |
Sundaram Finance Limited, No.21, |
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|
|
|
Auditors : |
|
|
Name : |
Girish J. Rathi and Company Chartered Accountants |
|
Address : |
303, Bhwindiwala Terrace, Tembi Naka, Thane – 400 601, |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital : Rs.20.000 millions
Issued, Subscribed & Paid-up Capital : Rs.10.000
millions
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.000 |
10.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9.157 |
6.447 |
4.511 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
19.157 |
16.447 |
14.511 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
38.461 |
24.012 |
28.235 |
|
|
2] Unsecured Loans |
13.960 |
17.021 |
17.500 |
|
|
TOTAL BORROWING |
52.421 |
41.033 |
45.735 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
|
|
TOTAL |
71.578 |
57.480 |
60.246 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
2.073 |
0.966 |
1.069 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.064 |
0.083 |
0.046 |
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|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
33.494
|
30.363 |
13.578 |
|
|
Sundry Debtors |
34.336
|
34.923 |
29.954 |
|
|
Cash & Bank Balances |
1.425
|
1.647 |
2.878 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
6.148
|
5.136 |
19.549 |
|
Total
Current Assets |
75.403
|
72.069 |
65.959 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.210
|
11.233 |
2.959 |
|
|
Other Current Liabilities |
0.459
|
1.343 |
0.700 |
|
|
Provisions |
4.328
|
3.128 |
3.267 |
|
Total
Current Liabilities |
5.997
|
15.704 |
6.926 |
|
|
Net Current Assets |
69.406
|
56.365 |
59.033 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.035 |
0.066 |
0.098 |
|
|
|
|
|
|
|
|
TOTAL |
71.578 |
57.480 |
60.246 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
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|
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PROFIT BEFORE
TAX |
3.928 |
2.917 |
3.135 |
|
|
|
|
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Less |
TAX |
1.218 |
0.981 |
1.192 |
|
|
|
|
|
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|
PROFIT AFTER TAX |
2.710 |
1.936 |
1.943 |
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|
|
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|
|
Earnings Per
Share (Rs.) |
27.10 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.07
|
3.99 |
4.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.18 |
0.22 |
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|
|
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|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.05
|
3.45 |
3.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
12.57
|
4.59 |
9.52 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office of the company has been shifted from I 1/ 1 to 6, Sagar Complex, Nashik Highway, Village, Opposite H.P. Petrol Pump, Taluka Bhiwandi, Bhiwandi – 421 302, Maharashtra to the present address w.e.f. 15.11.2009.
FORM 8:
|
Corporate
identity number of the company |
U51395MH2004PTC150113 |
|
Name of the
company |
JUMBO DISTRIBUTORS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
I 1/ 1 to 6, Sagar Complex, Nashik Highway, Ovali Village, Opposite H.P. Petrol Pump, Taluka Bhiwandi, Bhiwandi – 421 302, Maharashtra, India E-Mail: vipulbhabhera@hotmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10182657 |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
Syndicate Bank, Priyadarshni, E-Mail: vlaxman@vsnl.com |
|
Nature of
description of the instrument creating or modifying the charge |
a) Composite
Hypothecation Agreement (Hypothecation of Goods, Stock, Raw Materials, Plant,
Machinery, Fixtures, Furniture, Vehicles, Computers and other Articles). b) Charge and
Hypothecation of Book Debts Agreement. (Collectively
constitute a single charge for Rs.50.000 millions) |
|
Date of
instrument Creating the charge |
22/10/2010 |
|
Amount secured by
the charge |
Rs.50.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest @ 13% p.a.
being 4.50% over and above the Syndicate bank's Base Rate (BR)/PTLR raising
or falling therewith from time to time with Calender Monthly rests. Terms of
Repayment: On Demand Margin: As may be
stipulated by the Bank from time to time. Extent and Operation
of the charge: Hypothecation by
way of First Charge on Company's stocks and book debts, together with
interest, costs, charges, expenses and other monies payable thereunder shall
be secured against the property. |
|
Short particulars
of the property charged |
All the goods,
stocks, raw materials, finished goods, unfinished goods, movable property of
any kind, plant, machinery, fixtures, implements, fittings All the Borrowers
present and future other debts, outstanding monies, receivables, claims,
bills, contracts, securities, investments, goodwill, rights and assets |
|
Particulars of
the present modification |
The Bank has
sanctioned additional facility of Rs.20.000 millions and consequently charge
shall now stand increased from Rs.30.000 millions to Rs.50.000 millions in
favour of the Bank. |
|
Name of the company |
JUMBO DISTRIBUTORS PRIVATE LIMITED |
|
Presented By |
Sundaram Finance Limited, No. 21, |
|
1) Date and description of instrument creating the change |
Loan Agreement
dated 28.04.2005 bearing loan Cont. No. : AM-3773 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 0.102 Million |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
On the security
of 1 No. 2005 Model Piaggio 3 Wheeler bearing E. No. R5C82507, |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The total loan
amount of Rs. 0.126 Million is repayable in 35 equal monthly installments of
Es. 0.004 Million. The 1st loan installment falls due on
28.04.2005 |
|
5) Name and Address and description of the person entitled to the charge. |
Sundaram Finance
Limited No. 21, |
|
6) Date and brief description of instrument modifying the charge |
NA |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
NA |
|
Corporate identity
number of the company |
U51395MH2004PTC150113 |
|
Name of the
company |
JUMBO DISTRIBUTORS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Hanif Chambers, Godown No. 2 and 3, Kalyan Bhiwandi Road,
Kon Village, Kalyan, Thane – 421 001, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
·
Book
debts ·
Floating
charge |
|
Particular of
charge holder |
Syndicate Bank Priyadarshni, |
|
Nature of
instrument creating charge |
Supplemental
Hypothecation Agreement; and Charge and
Hypothecation of Book Debts Agreement. (Collectively
constitute a single charge for Rs.20.000 millions.) |
|
Date of
instrument Creating the charge |
31.12.2007 |
|
Amount secured by
the charge |
Rs.20.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
·
Rate
of interest Rate of interest @ 15.50% p.a. being 2.50% over and above the
Syndicate Bank’s prime lending rate (PLR) / Prime term Lending Rate (PTLR) /
Credit Risk Code Rate, varying with change in PLR / PTLR from time to time,
on calendar quarter ends in each year. ·
Terms
of repayment OD by operating it briskly to the extent of limit/drawing power fixed
and bring it to credit at least once a year. ·
Margin As may be stipulated by Bank from time to time. ·
Extent
and operation of the charge Hypothecation of book debts and property of the Company as security or
repayment of loan together with interest, costs and other charges, payable to
the Bank by the Company. |
|
Particulars of
the property charged |
·
All
the goods, stocks, raw materials, finished goods, unfinished goods, movable
property and ·
Hypothecation
of first charge on all the book debts
|
FIXED ASSETS
·
Computers and Peripherals
·
Air Conditioners
·
Generator and Inverter Set
·
Fax and EPBAX Systems
·
Furniture and Fixtures
·
Pickup Van
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 records 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.44.52 |
|
|
1 |
Rs.72.72 |
|
Euro |
1 |
Rs.64.41 |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
TOTAL |
|
29 |
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.