MIRA
INFORM REPORT
|
Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
INDUSTRIAL DEVELOPMENT SERVICES PRIVATE LIMITED |
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Registered
Office : |
M-1, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
13.03.1968 |
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Com. Reg. No.: |
55-004856 |
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CIN No.: [Company Identification
No.] |
U74899DL1968PTC004856 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELI04403A |
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PAN No.: [Permanent Account No.] |
AAACI0175R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Market Research and Management Consultants. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 132000 |
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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 an
established 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 normal for business dealings at usual trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered
Office : |
M-1, |
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Tel. No.: |
91-11-23312287/
23310590/ 23313469 |
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Fax No.: |
91-11-23738227 |
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E-Mail : |
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Website : |
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Area : |
2451 sq. ft. |
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Location : |
Rented |
DIRECTORS
As on 24.09.2010
|
Name : |
Dr. Inder Bhushan
Gulati |
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Designation : |
Chairman |
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Address : |
L-28/5, DLF Qutab
Enclave, Phase II, Gurgaon-122 002, |
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Date of Birth/
Age : |
10.12.1925 |
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Date of
Appointment : |
01.07.2000 |
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DIN No.: |
00564719 |
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Name : |
Mr. Ram Kumar
Gupta |
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Designation : |
Managing Director |
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Address : |
House No. 4377 / 4B, |
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Date of Birth/
Age : |
20.05.1948 |
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Qualification
: |
B.E.
(Metallurgical) |
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Date of
Appointment : |
01.07.1999 |
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DIN No.: |
00460646 |
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Name |
Ms. Madhu Krishna |
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Designation |
Director |
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Address |
3/8, |
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Date of Birth/
Age : |
11.11.1959 |
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Date of
Appointment : |
25.01.2008 |
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DIN No.: |
00708907 |
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Name : |
Mr. Dharam Paul
Gupta |
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Designation : |
Director |
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Address : |
BA/11F, DDA
Flats, Munirka, New Delhi-110 067, |
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Date of Birth/
Age : |
02.08.1944 |
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Qualification
: |
B.E.
(Metallurgical) |
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Date of
Appointment : |
01.04.2000 |
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DIN No.: |
00419795 |
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Name : |
Mr. Niranjan Raghunath
Raje |
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Designation : |
Director |
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Address : |
A-648, Sushant Lok-I, Gurgaon-122 002, |
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Date of Birth/
Age : |
10.02.1945 |
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Date of
Appointment : |
22.06.2010 |
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DIN No.: |
02053057 |
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Name : |
Mr. Brij Lal Dhar |
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Designation : |
Director |
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Address : |
Apartment No.A-4,
9-Raj |
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Date of Birth/
Age : |
01.10.1928 |
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Qualification
: |
M.BA |
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Date of
Appointment : |
01.04.2002 |
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Date of
Ceasing : |
02.11.2009 |
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DIN No.: |
00460454 |
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KEY EXECUTIVES
|
Name : |
Gupta Vinod and Company (Chartered Accountants ) |
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Designation : |
Company Secretary |
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Address : |
U-75 Kalra Complex, First Floor, Shakarpur, |
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Tel No.: |
91-11-65252586/9312230937 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2010
|
Names
of Shareholders |
No. of Shares |
|
Lakshmi Chand
Jain |
31 |
|
Usha Narain |
364 |
|
Brij Lal Dhar |
50 |
|
Devaki Jain |
140 |
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Neena Laroia |
868 |
|
Gopal |
7108 |
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Gokul Laroia |
5628 |
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Madhu Krishna |
1680 |
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Gautam R. Morarka |
1148 |
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Srinivasan Jain |
1485 |
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Ram Kumar Gupta |
75 |
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Dharam Paul Gupta
|
75 |
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Chand Prakash
Jain |
75 |
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Vandana Sachdeva |
75 |
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Rekha Misra |
75 |
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Rajeev Koul |
75 |
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Monika Koley |
75 |
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V.O. John |
75 |
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S. Thanukuttan |
75 |
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Veena Kapoor |
75 |
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Sher Singh
Nainwal |
75 |
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S. Prakash Babu |
75 |
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Uma Naidu |
75 |
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Vinod Kumar |
75 |
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Pan Singh Bisht |
75 |
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Prem Patwal Singh |
75 |
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Netra Singh |
75 |
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Shambhavi Patil |
75 |
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Neerja Morarka |
1148 |
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Total |
21000 |
As on 24.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
|
42.70 |
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Other
top fifty shareholders |
|
57.30 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of
Business : |
Market Research
and Management Consultants. |
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GENERAL INFORMATION
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Customers : |
CHEMICALS /
PETROCHEMICALS Petrochemicals
·
Bharat Petroleum Corporation Limited (BPCL) ·
Chemtex Engineering of ·
Engineers ·
Gujarat Heavy Chemicals Limited (GHCL) ·
Gujarat Narmada Fertilizers Corporation (GNFC) ·
·
Jay Polychem ·
Krishak Bharati Cooperative Limited (KRIBHCO) ·
National Aromatics and Petrochemicals Corporation ·
Shalimar Industries Limited ·
Shriram Fertilizers and Chemicals ·
Tamil Nadu Industrial Development Corporation ·
·
US Embassy Elastomers ·
Consindia ·
Herdillia Chemicals Limited ·
Punjab Department of Industries, Government of ·
Raymond Synthetics Limited ·
RPG Enterprises Inorganic Chemicals
·
·
Indian Rayon Manufacturing Company Limited ·
Indian Aluminium Company ·
Jayshree Tea Industries ·
Krishak Bharati Cooperative Limited ·
National Aluminium Company Limited ·
Rashtriya Chemicals and Fertilizers ·
Synthethic Fibres/Paper and Pulp
·
JK Synthetics Limited ·
Shirram Fibres Limited ·
Unimin ·
Ballarpur Industries Limited ·
INALSA ·
JK Synthetics Limited Polymers
·
Bongaigaon Refinery and Petrochemicals Limited ·
Dhunseri Tea and Industries Limited ·
Haldia Petrochemicals ·
·
NOCIL Limited ·
South ·
Uniplas Fertilizers
·
Cooperative Limited ·
Pradeshiya Industrial and Investment Corporation of UP Limit ·
Shriram Fertilizers and Chemicals ·
Mitsubishi Corporation Petroleum Refining and Products
·
Energy Institute ·
Gas Authority of ·
Kline and Company, ·
Kerala State Industrial Development Corporation ·
·
Tinna Overseas Limited ·
Vico ·
Al Mansoor Group of Companies, ·
Bechtel Corporation, METALS/ENGINEERING
INDUSTRY Metals
(Ferrous and Non-Ferrous) ·
·
Alloy Steel Plant, ·
·
·
·
Hero Group of Industries ·
Ispat Industries Limited ·
JK Industries Limited ·
Kalyani Steels Limited ·
Southern Iron and Steel Company Limited (SISCOL) ·
State Bank of ·
Skipper Steel ·
Steel Authority of India Limited (SAIL) ·
TATA Steel ·
Mitsui Chemicals Limited ·
International Iron and Steel Institute ·
Bao Steel ·
Mawana Sugars Limited ·
Jay Polycjem ·
·
South Asian Petrochem Limited ·
Tayo Rolls Limited ·
Kline and Company, ·
·
Mitsui Chemicals Inc., Japan ·
Bao Steel Hong Kong Trading Company Limited, |
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No. of
Employees : |
25
(Approximately) |
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Bankers : |
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Facilities : |
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Banking Relations : |
Satisfactory |
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Auditors : |
G. Basu and Company
Chartered
Accountants |
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Address : |
2, |
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Tel. No.: |
91-11-23361715 /
26494230 |
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Pan No.: |
AACFG9413D |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
21000 |
Equity Shares |
Rs.100/- each |
Rs.2.100 Millions |
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|
(Including 20250
equity shares of Rs.100/ allotted as fully paid up bonus shares by
capitalization of General Reserves)
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 |
|
|
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1] Share Capital |
2.100 |
2.100 |
2.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
30.898 |
23.301 |
16.610 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH
|
32.998 |
25.401 |
18.710 |
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LOAN FUNDS |
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1] Secured Loans |
0.168 |
1.177 |
0.010 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL
BORROWING |
0.168 |
1.177 |
0.010 |
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DEFERRED TAX LIABILITY |
0.000 |
0.000 |
0.000 |
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|
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|
|
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TOTAL
|
33.166 |
26.578 |
18.720 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.656 |
0.783 |
0.954 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENTS |
0.000 |
0.000 |
0.000 |
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|
DEFERRED TAX ASSETS |
0.190 |
0.190 |
0.024 |
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
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|
Inventories |
0.000 |
0.000 |
0.000 |
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|
Sundry Debtors |
2.885 |
3.832 |
3.816 |
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|
Cash & Bank Balances |
28.145 |
20.322 |
12.851 |
|
|
Other Current Asset |
0.000 |
0.000 |
11.365 |
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|
Loans & Advances |
19.998 |
14.079 |
0.000 |
|
Total Current Assets |
51.028 |
38.233 |
28.032 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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|
Sundry Creditors |
0.930 |
2.438 |
1.186 |
|
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Other Current Liabilities |
0.455 |
0.304 |
0.286 |
|
|
Provisions |
17.323 |
9.886 |
8.818 |
|
Total Current Liabilities |
18.708 |
12.628 |
10.290 |
|
|
Net Current Assets |
32.320 |
25.605 |
17.742 |
|
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
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|
|
|
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TOTAL
|
33.166 |
26.578 |
18.720 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
|
Professional Fees |
34.679 |
26.789 |
19.968 |
|
|
|
Other Income |
|
|
1.042 |
|
|
|
TOTAL (A) |
34.679 |
26.789 |
21.010 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
19.208 |
|
2.681 |
|
|
|
Rent |
|
|
1.824 |
|
|
|
Traveling |
|
|
1.389 |
|
|
|
Miscellaneous Expenses |
|
|
1.450 |
|
|
|
Other Expenses |
|
|
4.347 |
|
|
|
TOTAL (B) |
19.208 |
16.905 |
11.691 |
|
|
|
|
|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
15.471 |
9.884 |
9.319 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
0.003 |
0.002 |
0.010 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.468 |
9.882 |
9.309 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.196 |
0.249 |
0.295 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
15.272 |
9.633 |
9.014 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.226 |
2.923 |
3.203 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
10.046 |
6.710 |
5.811 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.300 |
1.610 |
1.045 |
|
|
|
|
|
|
|
|
|
|
Excess
Provision of Taxes |
0.000 |
0.226 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend including Dividend Tax |
2.449 |
0.246 |
0.246 |
|
|
|
General Reserve |
7.500 |
6.000 |
5.000 |
|
|
BALANCE CARRIED TO
THE B/S |
2.398 |
2.300 |
1.610 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Professional Fee |
14.626 |
6.334 |
2.828 |
|
|
|
Reimbursement of Expenses |
0.451 |
0.367 |
0.263 |
|
|
|
Service tax |
1.553 |
0.828 |
NA |
|
|
TOTAL EARNINGS |
16.630 |
7.529 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
478.39 |
319.51 |
276.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
28.97
|
25.05
|
27.66 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
45.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
29.55
|
24.69
|
31.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.46
|
0.38
|
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.57
|
0.54
|
0.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.73
|
3.03
|
2.72 |
LOCAL AGENCY FURTHER INFORMATION
REVIEW OF WORK
During the current
year, there was no significant change in the activities of the company. The
market research continued to be its main activity.
In case of market research,
we continued to provide services to all our existing clients. Some new clients
include Essar Engineering Services Limited, Tej Bandhu Group,
During the year, IDS
arranged four loans for a total of US $ 34.465 Million for four companies for
import of equipment as well as software from the
PRESENT ACTIVITIES
On the whole, the
work on existing activities have been very satisfactory.
Market Studies
During the year,
studies in the market research segment included:
Domestic Companies
• Assessment of
Aluminium Alloy Ingot and Aluminium Extrusion — MN Dastur and Company Private
Limited
• Market Survey for
Metallurgical Coke – M.N. Dastur and Company (P) Limited
• Market Survey for
Steel Products in
• Market Survey for
Polypropylene Homopolymer (PPHP): An Update - HPCL Mittal Energy Limited
• Power Generation
Programme - HPCL Mitral Energy Limited
• Project Reports
BOPP Film, PP Woven Sacks and Price Fixation of Petroleum Coke - HPCL Mitral
Energy Limited
• Market Survey for
LAB — Indian Oil Corporation Limited
• Customer
Identification Survey for DEG and TEG - Indian Oil Corporation Limited
• Customer
Identification Survey for MEG - Indian Oil Corporation Limited
• Market Survey for
Ingot-based Rolled Products in Alloy Steels and Tool and Die Steels — Sunflag
Iron and Steel Company Limited
• Natural Gas
Consumption in Industries covering Major Towns along Mehsana-Bhatinda Pipeline
Routing — Ernst and Young Private Limited
• Market Survey for
Steel Mill Rolls — Essar Engineering Services Limited
• Home Healthcare
Services in
• Market Survey for
Steel Castings — JK Cement Limited
Foreign Companies
• Prices on Scrap,
Pig Iron and Sponge Iron - Mitsui and Company (
• Market Survey for
Steel Rebars in
• Market Study for
Tinplate and Tinfree Steel in
• Assessment of
Financial Health / Viability of Bharat Biotech International Limited —PATH
• Market Survey for
Molded Fiber Products — Huhtamaki Molded Fiber Technology DV, The
• Historical Price
Trend for Selected Products viz. Methyl Acrylate, Butyl Acrylate, 2-Ethyihexyl
Acrylale, N-Butanol and Iso-Butanol - CMAIM1ddIe East FZ LLC, Duhat.
Some of the above
projects are still in hand, at present.
Technology Catalysts International (TCI)
IDS continued
marketing the products of TCI to Indian pharmaceutical companies. In addition,
IDS carried out a technology search project for Church and Dwight Company, Inc.
(C and D),
Tecnon Orbichem
IDS has running
agreement with Tecnon Orbichem to provide data for their synthetic fibres
newsletter on regular monthly basis and market their services in
Consumer Research Area
As a
diversification programme, IDS is trying to enter into the area of consumer
research. One assignment of concept testing in home healthcare services in
Other Activities
The Board of
Directors have been actively examining the possibilities of IDS utilizing
infrastructure available for other compatible areas. Currently, the following program
are continuing
·
The
Behavioral Safety Program (BSP) is a systematic and innovative approach towards
improved safety performance of employees through change in behavioral pattern.
Efforts were made to market this programme to various clients.
·
IDS represents
Gannon University of USA in
FINANCIAL RESULTS:
The income during
this year was Rs.34.679 millions as compared to Rs.26.789 millions last year.
Gross Profit (before interest, depreciation, income tax, etc.) during the year
increased to Rs.15.470 millions to Rs.9.884 millions last year and the net
profit during the year increased to Rs.10.046 millions as compared to Rs.6.710
millions last year.
FORM 8
|
Name of the company
|
INDUSTRIAL
DEVELOPMENT SERVICES |
|
Presented By |
RAMKUMAR GUPTA, MANAGING DIRECTOR |
|
1) Date and
description of instrument creating the change |
Vehicle loan cum
Hypothecation on agreement dated 31.03.2001 |
|
2) Amount secured
by the charge/amount owing on the securities of charge |
Rs.0.400 millions |
|
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 |
Maruti Esteen LX
Car Registration No.
DL-3CR3689 |
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
Repayment of loan and interest @ 15% p.a. on 36 equated monthly
installments of Rs.0.014 millions |
|
5) Name and Address
and description of the person entitled to the charge. |
ICICI Limited, 163, Backbay Reclamation, Mumbai-400020 (A company
registered under the company’s act) |
|
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 |
FIXED ASSETS
·
Vehicles
·
Office
Equipments
·
Refrigerator
·
Air
Conditioner
·
Computer
·
Furniture
and Fixtures
Representatives
(Overseas and Indian Consulting Organisation) :-
·
·
Chem Systems,
·
·
Delucia and Associates,
·
Engineers
WEBSITE DETAILS:
Subject was established in 1968 to provide specialized
engineering and economic consulting to service
The IDS team brings a synergy of talents to all projects using its professional workforce of engineers, MBA’s economists, scientists, system specialists, metallurgists, financial analyst and social scientists.
From the beginning, IDS has worked to meet the challenge of
IDS uses its long experience and internal resources through its large repertoire of projects to work with development agencies, both governmental and NGOs, and funding agencies to formulate effective development strategies at the community, sectoral and national levels.
With this experience, IDS brings to its projects, a comprehensive perspective to each specific sector, with respect to its current techno-economic status, the determining players, its interlinking relationship with the general industrial economy of the country and areas that need attention
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.45.37 |
|
|
1 |
Rs.73.25 |
|
Euro |
1 |
Rs.62.68 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.