MIRA INFORM REPORT
|
Report Date : |
22.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
JANAK HEALTHCARE PRIVATE LIMITED |
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Registered
Office : |
Janak House,
Opposite Indian Oil Corporation Depot, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
02.12.1999 |
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Com. Reg. No.: |
11-122868 |
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Capital Investment
/ Paid-up Capital : |
Rs.31.450 millions |
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CIN No.: [Company Identification
No.] |
U36100MH1999PTC122868 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTM02400G /
MUMM24031A |
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PAN No.: [Permanent Account No.] |
AACCM0219N |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturers of
Hospitality Furniture. |
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No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 900000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered good for normal 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.
INFORMATION PARTED BY
|
Name : |
Mr. Pramod |
|
Designation : |
Finance Manager |
|
Date : |
20.12.2011 |
LOCATIONS
|
Registered Office : |
Janak House,
Opposite Indian Oil Corporation Depot, |
|
Tel. No.: |
91-22- 24180637/
24150408/ 24130407 |
|
Fax No.: |
91-22-24139870 |
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E-Mail : |
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|
Website : |
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|
Telex : |
11-71584 JKMG
IN11-71584 JKMG IN |
|
Location : |
Owned |
|
Factory 1 : |
A-1/3, G.I.D.C.
Estate, Umbergaon-390 171, District Valsad, |
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Tel. No.: |
91-260-2562406/2562706/2563516/2562416 |
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Fax No.: |
91-260-2562706 |
|
Area : |
46,891 sq.fts-
Owned |
|
|
|
|
Factory 2 : |
Plot No. 217/2,
GIDC Estate, Umbergaon, District Valsad, |
|
Area : |
10,387 sq.fts --
Owned |
|
|
|
|
Branches : |
Ø
Janak
House, Opposite Indian Oil Corporation Depot, Ø
15-16,
Community Center, Naraina Industrial Area Phase-1, 1st Floor, Office No. 2,
Near Naraina P. O. New Delhi-110 028, Tel. 91-487-2385476 Fax.
91-487-2385476 Ø
Tel.
91-44-28230356 Fax.
91-44-28218075 E-mail. 1. metalbed@md4.vsnl.net.in Ø
C/o
Vijay Laxmi Sales Corporation, Tiwari Building Opp. Natraj Restaurant, Tel.
91-141-2374384/2371294/2362974 Fax.
91-141-2371294/2367760 E-mail.
adityaagencies@yahoo.com Ø
C/o
Aditya Agencies, Sai Krupa, 6, Medical Complex, Behind Hotel Ajit, Telipara,
Bilaspur-495 001, Ø
C/o
Manish Overseas (Elect) Private Limited, D-19, Mahanagar Extension, Tel.
91-522-2331045/2323799 Fax.
91-522-2320732 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mrs. Apurva
Jayantilal Mehta |
|
Designation : |
Director |
|
Address : |
153 / 5, Jain Society, 3rd Floor, Vile Parle (East), Mumbai – 400 056, |
|
Date of Birth/Age : |
19.12.1943 |
|
Date of Appointment : |
02.12.1999 |
|
Din No.: |
00051072 |
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|
|
|
Name : |
Mr. Anne E. Klamar |
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Designation : |
Director |
|
Address : |
|
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Date of Birth/Age : |
31.03.1961 |
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Date of Appointment : |
22.12.2008 |
|
Din No.: |
02421161 |
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|
|
|
Name : |
Mr. Bradley A. Walker |
|
Designation : |
Director |
|
Address : |
Langhurst Manor East, Pook Hill, Chiddingfold, Godalming, Gu84XR |
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Date of Birth/Age : |
07.03.1964 |
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Date of Appointment : |
16.03.2009 |
|
Din No.: |
02625484 |
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|
|
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Name : |
Mr. Amit Hasmukhbhai Mehta |
|
Designation : |
Director |
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Address : |
601, Crystal Classic Chs Limited, 6th Floor, |
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Date of Birth/Age : |
01.10.1963 |
|
Date of Appointment : |
12.05.2010 |
|
Din No.: |
03090161 |
|
|
|
|
Name : |
Mr. Vijay Ashok Kumar Paliwal |
|
Designation : |
Nominee Director of Midmark Corporation |
|
Address : |
219, Denwood TRL, Clayton 45315, United States of America |
|
Date of Birth/Age : |
20.05.1977 |
|
Date of Appointment : |
26.08.2010 |
KEY EXECUTIVES
|
Name : |
Mr. Krishna |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Amit Jayantilal Mehta Jointly Rita A Mehta |
20876 |
|
Apurva J. Mehta Jointly Hema A. Mehta |
380699 |
|
Apurva J. Mehta Jointly Atman A. Mehta |
203298 |
|
Apurva J. Mehta Jointly Subir A. Mehta |
203298 |
|
Hasmukh J. Mehta Jointly Vasant H. Mehta |
215543 |
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Hasmukh Mehta Jointly Amit H. Mehta |
207146 |
|
Hasmukh J. Mehta Jointly Shri Raj H. Mehta |
207146 |
|
Midmark Corporation, USA |
1706994 |
|
|
|
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TOTAL |
3145000 |
AS ON 30.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
54.28 |
|
Directors or relatives of directors |
|
45.72 |
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|
|
|
|
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Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of
Hospitality Furniture. |
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Products : |
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Exports : |
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Products : |
Hospital Furniture. |
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Countries : |
UAE |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit and L/C |
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Purchasing : |
Cash, Credit and L/C |
GENERAL INFORMATION
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No. of Employees : |
500 (Approximately ) |
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Bankers : |
Ø
HDFC
Bank Limited ,HDFC Bank House Senapati Bapat Marg, Lower Parel [West], Mumbai
– 400013, Ø
Dena
Bank Sion Branch, Mumbai, Ø
Dena
Bank Ø
Dena
Bank Chennai, Tamilnadu Ø
Dena
Bank Umbergaon, District Valsad, Ø
ICICI
Bank |
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Facilities : |
Term Loan : Rs. 3.200 millions |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
T. Rama Rao and
Company Chartered
Accountants |
|
Address : |
303, Lotus House,
33 A, New Marine Lines, Mumbai 400 020, |
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Tel. No.: |
91-22-22084904 / 22033725 |
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Mobile No.: |
9820129385 |
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E-Mail : |
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Wholly Owned Subsidiary Company : |
CIN No. : U33110MH2008PTC181578 |
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Related Parties : |
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Holding Company : |
·
Mindmark Corporation |
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Associate Company |
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CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10 each |
Rs.50.000 millions |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3145000 |
Equity Shares |
Rs. 10 each |
Rs.31.450
millions |
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|
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
31.450 |
31.450 |
30.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
193.677 |
137.440 |
71.917 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
225.127 |
168.890 |
102.017 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.631 |
4.557 |
49.347 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
26.999 |
|
|
TOTAL BORROWING |
1.631 |
4.557 |
76.346 |
|
|
DEFERRED TAX LIABILITIES |
9.215 |
9.235 |
9.098 |
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|
|
|
|
|
|
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TOTAL |
235.973 |
182.682 |
187.461 |
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|
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|
|
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APPLICATION OF FUNDS |
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|
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|
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|
|
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FIXED ASSETS [Net Block] |
66.774 |
60.682 |
59.563 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.200 |
31.031 |
0.200 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
112.878
|
88.924
|
75.808
|
|
|
Sundry Debtors |
189.381
|
140.671
|
129.128
|
|
|
Cash & Bank Balances |
30.849
|
22.109
|
3.278
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
63.674
|
63.846
|
63.264
|
|
Total
Current Assets |
396.782
|
315.550
|
271.478
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
131.219 |
113.659 |
79.764 |
|
|
Other Current Liabilities |
38.003
|
42.923
|
15.185
|
|
|
Provisions |
58.861
|
67.998
|
48.831
|
|
Total
Current Liabilities |
227.783
|
224.580
|
143.780
|
|
|
Net Current Assets |
168.999
|
90.970
|
127.698
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
235.973 |
182.682 |
187.461 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
762.702 |
643.698 |
491.731 |
|
|
|
Other Income |
|
|
12.258 |
|
|
|
TOTAL (A) |
762.702 |
643.698 |
503.989 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
|
|
248.103 |
|
|
|
Trading Purchase |
|
|
42.750 |
|
|
|
Manufacturing Expenses |
|
|
46.000 |
|
|
|
Administrative Expenses |
|
|
67.757 |
|
|
|
Selling Expenses |
639.341 |
539.977 |
48.209 |
|
|
|
Increase/(Decrease) in Stock |
|
|
(8.086) |
|
|
|
Increase/(Decrease) in Work in progress |
|
|
1.892 |
|
|
|
TOTAL (B) |
639.341 |
539.977 |
446.625 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
123.361 |
103.721 |
57.364 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.888 |
4.640 |
7.089 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
122.473 |
99.081 |
50.275 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.326 |
4.755 |
4.126 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
117.148 |
94.326 |
46.149 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
41.050 |
35.157 |
16.326 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
76.097 |
59.169 |
29.823 |
|
|
|
|
|
|
|
|
|
Less |
SHORT PROVISION
FOR TAX |
(0.417) |
(0.398) |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
ADJUSTMENT |
0.058 |
(0.375) |
(0.597) |
|
|
|
|
|
|
|
|
|
Add |
ADJUSTMENTS IN
OPENING DEFERRED TAX PROVN. |
0.568 |
0.020 |
0.454 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
68.774 |
34.743 |
44.168 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
7.714 |
5.841 |
3.500 |
|
|
|
Dividend |
20.905 |
18.543 |
34.229 |
|
|
BALANCE CARRIED
TO THE B/S |
117.298 |
68.774 |
36.120 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
28.450 |
23.370 |
19.940 |
|
|
TOTAL EARNINGS |
28.450 |
23.370 |
19.940 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Import Value |
31.438 |
38.085 |
36.718 |
|
|
TOTAL IMPORTS |
31.438 |
38.085 |
36.718 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
24.95 |
19.50 |
15.33 |
|
Expected Sales (2011-2012) : Rs. 750.000 millions
The above information has been parted by Mr. Pramod.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
9.97 |
9.12
|
5.91
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
-- |
--
|
9.38
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.27 |
25.12
|
13.93
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52 |
0.55
|
0.45
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.01 |
1.35
|
2.15
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74 |
1.40
|
1.88
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS AVAILABLE FOR :
(Rs.
In millions)
|
PARTICULARS |
AS
ON 31.03.2011 |
AS
ON 31.03.2010 |
AS
ON 31.03.2009 |
|
Sundry Creditors for Goods (Raw Materials) |
70.627 |
61.262 |
37.666 |
|
Sundry Creditors for Goods (Import Division) |
2.694 |
10.991 |
3.025 |
|
Sundry Creditors for Expenses |
57.898 |
41.406 |
39.073 |
|
|
|
|
|
|
Total |
131.219 |
113.659 |
79.764 |
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
----------- |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last two years |
Yes |
|
12. Profitability for last three years |
---- |
|
13. Reasons for variation <> 20% |
---- |
|
14. Estimation for coming financial year |
Yes |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
21. Market information |
------- |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
------ |
|
29. Last accounts filed at ROC |
------ |
|
30. Major Shareholders, if available |
------ |
BACKGROUND
Subject was incorporated on 2nd December, 1999 to
manufacture, trade, and import and export furniture used in health care centre.
JHPL is a closely held company with 14,38,006 shares being held by “Mehta”
family (Indian Promoters) and 17,06,994 shares held by Midmark Corporation a US
based company.
The accompanying financial statements reflect the results of the
activities undertaken by JHPL and JMPL during the financial year 2010-11.
FINANCIAL RESULTS
As on 31st March,
2011, the utilized balance from Cash Credit Facility is negligible. Surplus
fund available with Company is invested in Liquid Funds with HDFC Mutual Fund.
FORM 8
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
80010040 |
|
Corporate
identity number of the company |
U36100MH1999PTC122868 |
|
Name of the
company |
JANAK HEALTHCARE
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Janak House,
Opposite Indian Oil Corporation Depot, |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
HDFC Bank Limited
,HDFC Bank House Senapati Bapat Marg, Lower Parel [West], Mumbai – 400013, |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
memorandum relating to hypothecation of Stocks, Book Debts and Machinery. |
|
Date of
instrument Creating the charge |
25.02.2010 |
|
Amount secured by
the charge |
Rs.146.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of Repayment
Ø
Working
Capital facility shall payable On Demand and Ø
Term
Loan facility shall repayable in suitable installments. 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, Book Debts and Machinery, etc., to
secure as a continuing security as mentioned in Column No.15 below for the
repayment of Rs.146.500 millions together with interest, costs, charges,
expenses and other moneys due and payable by the Company to the Bank. |
|
Short particulars
of the property charged |
Hypothecation by
way of first charge over the Stocks, Book Debts and Machinery of the Company. |
|
Date of latest
modification prior to the present modification |
10.12.2009 |
|
Particulars of
the present modification |
The charge shall
stand increased from Rs.121.200 Millions to Rs.146.500 Millions (Comprising:
Cash Credit of Rs.65.000 Millions, PC/FBP/ FBN/FBD/FLCBD (Sub limit) of (Rs.
10.000 Millions), BG2 (Sub limit) of (Rs.20.000 Millions),Term Loan of
Rs.6.500 Millions, Bank Guarantee of Rs. 45.000 Millions, BG (4) sublimit of
(Rs. 5.000 millions), LC of Rs.30.000 Millions, BG 5 (Sublimit) of (Rs. 30.000 Millions),
against security of Stocks, Book Debts
and Machinery of the Company in favour of the Bank |
FIXED ASSETS
Ø
Land
Ø
Ø
Plant And Machinery
Ø
Typewriter
Ø
Office Air Conditioner
Ø
Motor car
Ø
Scooter
Ø
Factory Furniture
Ø
Computer
Ø
Library Books
Ø
Factory Road
Ø
Factory Equipment
Ø
Office Premises
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. 52.67 |
|
|
1 |
Rs. 82.52 |
|
Euro |
1 |
Rs. 69.12 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.