BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
DELUXE - KAARAN IMPORTS PRIVATE LIMITED |
Principal Name 1 |
MR. MINESH D. SHAH |
|
Status |
MODERATE |
Principal Name 2 |
MRS. MANISHA M. SHAH |
|
|
|
Registration # |
11-112109 |
|
Street Address |
7/ 321, SIDDHIVINAYAK HOUSING SOCIETY, HINGWALA LANE, GHATKOPAR
(EAST), MUMBAI - 400 075, MAHARASHTRA |
||
|
Established Date |
26.11.1997 |
SIC Code |
-- |
|
Telephone# |
91-22-25109657 |
Business Style 1 |
TRADER |
|
Fax # |
91-22-25165787 |
Business Style 2 |
IMPORTER |
|
Homepage |
Product Name 1 |
PLASTIC RAW MATERIALS |
|
|
# of employees |
20 |
Product Name 2 |
-- |
|
Paid up capital |
Rs.12,400,000/- |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
YES BANK |
|
Public Limited Corp. |
NO |
Business Period |
13 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
GROUP
COMPANIES |
|
DELUXE KAARAN COMMODITIES (PRIVATE)
LIMITED |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2006 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
307,286,000
|
Current Liabilities |
262,938,000
|
|
Inventories |
131,402,000
|
Long-term Liabilities |
34,949,000 |
|
Fixed Assets |
10,883,000 |
Other Liabilities |
124,694,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
422,581,000 |
|
Invest& other Assets |
49,000 |
Retained Earnings |
14,639,000 |
|
|
|
Net Worth |
27,039,000 |
|
Total Assets |
449,620,000 |
Total Liab. & Equity |
449,620,000 |
|
Total Assets (Previous Year) |
276,603,000 |
|
|
|
P/L Statement as of |
31.03.2006 |
(Unit: Indian Rs.) |
|
|
Total Income |
943,614,000 |
Net Profit |
11,488,000 |
|
Total Income (Previous
yr) |
599,538,000 |
Net Profit(Prev.yr) |
4,626,000 |
MIRA
INFORM REPORT
|
Report Date : |
23.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
DELUXE – KAARAN IMPORTS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
7/ 321, Siddhivinayak Housing Society, Hingwala Lane, Ghatkopar
(East), Mumbai – 400 075, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
26.11.1997 |
|
|
|
|
Com. Reg. No.: |
11-112109 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51490MH1997PTC112109 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMD06229G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trader and Importer of Plastic Raw Materials. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 108000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The
management has not filed the financials of the company with the Government
Departments after 2006. However, trade relations are reported as fair.
Business is active. Payment terms are not known. The company can be considered for business dealings with some caution.
|
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 |
INFORMATION PARTED BY
|
Name : |
Ms. Shivani |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-40225555 |
|
Date : |
22.02.2011 |
LOCATIONS
|
Registered Office : |
7/ 321, Siddhivinayak Housing Society, Hingwala Lane, Ghatkopar
(East), Mumbai – 400 075, |
|
Tel. No.: |
91-22-25109657/ 25165788/ 40225555/ 25103496/ 25012456/
25013788/ 25013657 |
|
Fax No.: |
91-22-25165787/ 25010787 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
P.O. Box No. 17341, 3/A, 14-C, 1st Floor Bhandup, Mumbai –
400 078, |
|
Tel. No.: |
91-22-65997851/ 65997852 |
|
Fax No.: |
91-22-65997854 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Located
at: Ø
304, 305 Sarkar Bhuvan, Ø
Ahmedabad, Ø
|
DIRECTORS
|
Name : |
Mr. Minesh D. Shah |
|
Designation : |
Director |
|
Address: |
701 / 702, New |
|
Date of Birth/ Age : |
27.07.1961 |
|
Qualification : |
Graduate |
|
Experience : |
10 Years |
|
Date of Appointment : |
26.11.1997 |
|
|
|
|
Name : |
Mrs. Manisha M. Shah |
|
Designation : |
Director |
|
Address: |
701 / 702, New |
|
Date of Birth/ Age : |
07.02.1966 |
|
Qualification : |
Graduate |
|
Experience : |
10 Years |
|
Date of Appointment : |
15.11.2004 |
|
|
|
|
Name : |
Mr. Rushabh Jitendra Shah |
|
Designation : |
Director |
|
Address: |
701 / 702, New |
|
Date of Birth/ Age : |
17.06.1978 |
|
Qualification : |
Graduate |
|
Experience : |
10 Years |
|
Date of Appointment : |
26.11.1997 |
KEY EXECUTIVES
|
Name : |
Ms. Shivani |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2006
|
Names of Shareholders |
|
No. of
Shares |
|
Minesh D Shah |
|
310610 |
|
Manisha M Shah |
|
11810 |
|
Rushabh J Shah |
|
1810 |
|
Minesh D Shah HUF |
|
10070 |
|
Karan M Shah |
|
1500 |
|
Pankti M Shah |
|
1500 |
|
Kevin M Shah |
|
1500 |
|
Hitesh Shah, Mr. Pankaj Shah
and Mr. Mahesh Shah |
|
100 |
|
Minesh D Shah, Mr. Abhay Shah
and Mrs. Rita Shah |
|
100 |
|
Minesh D Shah and Mr.Dharamdas
T Shah |
|
100 |
|
Minesh D Shah and Mr. Yusufbhai
Salot |
|
100 |
|
Minesh D Shah, Mr. Ashwin R
Shah and Mr. Chandraprabhu R Shah |
|
100 |
|
Minesh D Shah, Mr. Naresh R Shah and
Mr. P Shah |
|
100 |
|
Minesh D Shah and Mr. Rajendra
F. Bosmiya and Mr. Vimla R Shah |
|
100 |
|
Minesh D Shah, Mr. Pramod
Kapadia and Mr. Mahesh Sanghavi |
|
100 |
|
Minesh D Shah, Mrs. Jalpa P.
Shah and Mr. Karan M Shah |
|
100 |
|
Minesh D Shah , Mr. Mahendra Biyani and Mr. Rasiklal Shah |
|
100 |
|
Minesh D Shah and Mr.
Jaysukhlal Salot |
|
100 |
|
Minesh D Shah and Mr. Dhirajlal
Mehta HUF |
|
100 |
|
Total
|
|
340000 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Plastic Raw Materials. |
|
|
|
|
Imports : |
|
|
Products : |
Plastic Raw Materials |
|
Countries : |
Ø
Ø
Ø
Ø
Ø
|
|
|
|
|
Terms : |
|
|
Purchasing : |
L/C and Credit |
|
|
|
|
Selling : |
L/C and Credit (15 days) |
GENERAL INFORMATION
|
Customers : |
Retailers and OEM’s |
|
|
|
|
No. of Employees : |
20 (Approximately) |
|
|
|
|
Bankers : |
Ø
Bank of Ø
HDFC Bank, Ahmedabad, Ø
HDFC Bank, Ghatkopar, Mumbai, Ø
Ø
Standard Chartered Bank, 23-25, Ø
ICICI Bank Limited, Ø
Yes Bank, Chembur Ø
Oriental Bank of Commerce, Fort |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C. T. Gandhi and Company Chartered Accountants |
|
Address : |
318/ 2 Siddhivinayak Society, New Mhada Complex, |
|
Tel. No.: |
91-22-25094029 |
|
Fax No.: |
91-22-25094030 |
|
|
|
|
Group Companies : |
|
|
|
|
|
Associates/Subsidiaries : |
Ø
Deluxe Sales Corporation Ø
Deluxe Petrochem Private Limited Ø
Deluxe India Private Limited Ø
SKB Industries |
CAPITAL STRUCTURE
As on: 30.09.2006
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs.12.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1240000 |
Equity Shares |
Rs.10/- each |
Rs.12.400 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
|
Particulars |
|
31.03.2010 |
31.03.2009 |
|
Sales Turnover |
|
420.000 |
780.000 |
Expected Sales (2010-2011): Rs.300.000 millions
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
12.400 |
3.400 |
3.400 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
14.639 |
7.498 |
4.583 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
27.039 |
10.898 |
7.983 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
28.437 |
0.722 |
0.000 |
|
|
2] Unsecured Loans |
6.512 |
33.571 |
4.196 |
|
|
TOTAL BORROWING |
34.949 |
34.293 |
4.196 |
|
|
DEFERRED TAX LIABILITIES |
0.766 |
0.635 |
0.339 |
|
|
Inter corporate Deposit |
118.299 |
25.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
181.053 |
70.826 |
12.518 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
10.883 |
8.094 |
4.332 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
131.402
|
70.047
|
72.981 |
|
|
Sundry Debtors |
248.300
|
179.607
|
50.978 |
|
|
Cash & Bank Balances |
1.929
|
0.278
|
0.226 |
|
|
Licensed in hand |
0.026
|
3.048
|
2.329 |
|
|
Loans & Advances |
57.031
|
15.455
|
9.343 |
|
Total
Current Assets |
438.688
|
268.435 |
135.857 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors and Current Liabilities |
262.938
|
205.777 |
127.770 |
|
|
Provisions |
5.629
|
|
|
|
Total
Current Liabilities |
268.567
|
205.777
|
127.770 |
|
|
Net Current Assets |
170.121
|
62.658
|
8.087 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.049 |
0.074 |
0.099 |
|
|
|
|
|
|
|
|
TOTAL |
181.053 |
70.826 |
12.518 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
Sales Turnover |
|
599.538 |
402.440 |
|
|
Other Income |
|
|
|
|
|
Total Income |
943.614 |
599.538 |
402.440 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
11.488 |
4.626 |
3.150 |
|
|
Provision for Taxation |
0.000 |
0.000 |
1.117 |
|
|
Profit/(Loss) After Tax |
11.488 |
4.626 |
2.033 |
|
|
|
|
|
|
|
|
Exports : |
|
|
|
|
|
Export Turnover |
683.770 |
359.406 |
NA |
|
|
Total |
683.770 |
359.406 |
NA |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Interest |
7.210 |
8.996 |
5.820 |
|
|
Depreciation & Amortization |
1.158 |
0.573 |
0.447 |
|
|
Other Expenditure |
923.758 |
585.343 |
393.023 |
|
Total Expenditure |
932.126 |
594.912 |
399.290 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.26
|
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
1.22
|
0.77
|
0.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.56
|
1.67
|
2.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42
|
0.42
|
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
9.93
|
18.88
|
16.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.63
|
1.30
|
1.06 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Name of the company |
Deluxe - Kaaran Imports
Private Limited |
|
Presented
By |
Standard
Chartered Bank 23-25, M |
|
1) Date and description of instrument creating the change |
The company has by
declaration created the Hypothecation on Stock and book Debts (excluding
kalol unit) in favor of the standard
Chartered Bank on 10.02.2006. |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 12.500
millions only |
|
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 |
All the stock in
trade both present and future consisting of raw material, finished goods,
goods in process of manufacturing and other merchandise whatsoever, being
movable properties now Borrower or at the Borrower’s disposal and now or at
any time and from time to time hereafter stored or be stored or brought into
or upon or in course of transit to the Borrower’s factory or premises or at
any other place whatsoever and whatsoever in the Borrower’s possession or
occupation or at any other premises or place (all of which herein after
collectively referred to as “the said goods”) (excluding kalol unit) ; and All the present
and future book debts, outstanding moneys receivable, claims and bills which
are now due and owing or which may at any tine hereafter during the
continuance of this security becomes due and owing to the Borrower in the
course of its business by any person firm, company or body corporate or by
the Government Department or Office or any Municipal or Local or Public or
Semi govt. body or authority or any body corporate or undertaking or project
whatever in the public sector (all of which herein after collectively
referred to as “the said debts”)- (excluding kalol unit) |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Security for overdraft, Letter of Credit Facility, Bank Guarantee and
Forward Cover Facility Granted to the company Charge operates as first and paramount charge in favor of the bank as
security for all dues under Overdraft, Letter of credit Facility, Bank
Guarantee and Forward Cover Facility granted to the company. |
|
5) Name and Address and description of the person entitled to the charge. |
Standard
Chartered Bank 23-25, M |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
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. |
Not Applicable |
|
Corporate
identity number (CIN) Foreign company registration number |
U51490MH1997PTC112109 |
|
Name of the
Company |
DELUXE- KAARAN
IMPORTS PVT LTD |
|
Address |
321, Siddhivinayak Housing Society,
Room No. 7, |
|
This form is for |
Creation of Charge |
|
Type of Charge |
|
|
Particulars of
the charge holder |
Landmark |
|
Nature of the instrument
modifying charge |
Hypothecation Agreement (WCF) |
|
Date of
Instrument charge |
13.10.2006 |
|
Amount secured by
the charge |
Rs. 180.000
Millions |
|
Brief of the
principal terms and conditions |
Rate of Interests : Cash Credit @10.5%
Subject to revision form time to time Letter of Credit
– Commission 1.25% Bank Guarantee – Commission 1.5% Terms of Repayment : Renewal at the expiry of every 12 months form the date of sanction Margin : Inventory 25% Against all components of inventory Book Debts 25% Cover Period upto 90 days Extent and operation of the
charge The charge over the property is for the full fund based and non fund
based credit facilities aggregating to Rs.180.000 millions. |
|
Description of
the property charged indicating |
Not Available. |
|
Short particular
of the property charged |
Whole of the
stock of raw materials, Goods in Process,
Semi Finished and Finished goods, consumable stores and spares lying and
stored at borrowers factories, premises and godowns situated at Mumbai or
wherever else and such other movables both present and future. All amounts owing
to and received and /or receivable by the borrower and any person on behalf
of it, All book depts., cash flows and Receivables both present and future. |
TRADE REFERENCES:
·
Pankit International,
·
Uni Excell Limited,
WEBSITE DETAILS:
PROFILE:
November 1997 saw
the launch of a company named Subject Promoted by Mr. Minesh D. Shah and Mr.
Rushabh J. Shah the company began its operations with Imports, Exports and
local trading of various Plastic Raw Materials.
The company was built on a mix of conventional values and contemporary
management principles.
Today, after nine years, the company has become leading supplier of Plastic Raw
Material across
Thai Petro, BASF, Qatar Petrochemicals (QAPCO); the company is importing over
25000 tons a year.
Performance that has placed the company at a level where the entire Indian
Polymer industry acknowledges its strong presence and exponential growth. A
turnover of 126 Crores to be precise. Though both the company and the industry
believe there's much more to be achieved. The way ahead for the company points
at the world as a market.
Already a key player in the export and imports arena, Ms. Deluxe Kaaran Imports
now aims to get the world to
DIRECTORS:
Mr. Minesh D.
Shah
Experience from
the past, dynamism for the future.
A man who decided to go beyond the basics and make a mark that stays right at the
top. Mr. Minesh Shah is one of the biggest importers of Plastic Raw Materials
in the country today. Although, what he considers a real achievement is the
fact that he was instrumental in introducing Polymers on MCX and NCDEX. His
reliable experience of over two decades makes him a rather young doyenne in the
polymers business.
No wonder then, he has continually excelled the company to heights
others can merely aspire to reach.
His leadership abilities have gone beyond the company and have earned him
respect and recognition in the industry and the society at large. His accolades
include being:
President
of All
President
of Jain Jagruti Centre Rajawadi, Ghatkopar.
Managing
Committee Member of Jolly Gymkhana.
Trustee
of Zalawad Sabha.
Trustee
of Zalawad Mitra Mandal (Ghatkopar)
Trustee
of Hingwala Lane Upashary.
He
is also a key member in numerous Charitable Trusts / Welfare Organizations.
Mr. Rushabh J.
Shah
Carving an early
niche.
A young man with younger ideas and a futuristic vision. Mr. Rushabh Shah has
taken a mercurial start in his career of nine years. Within such a short span
he has boosted the company's prospects in exports, scaling new heights with his
expertise and exuberance. He manages the Export and Local Plastic Tarpaulin
Product Division of the company.
Taking the company's
products like Plastic Tarpaulins, Truck Covers, Plastic Rolls, Fumigation
Covers, Shelter Tarpaulins, Geo-membranes and Plastic Tents beyond Indian
borders, he caters to countries like United Kingdom (UK), United States of
America (USA), Middle Eastern countries, South Africa, etc.
The company has also
established a huge buyer network in
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.45.20 |
|
|
1 |
Rs.73.07 |
|
Euro |
1 |
Rs.61.41 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.