MIRA
INFORM REPORT
|
Report Date : |
21.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
AL NAFEES FROZEN FOOD EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
6, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
30.10.1987 |
|
|
|
|
Com. Reg. No.: |
55-29635 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1987PTC029635 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELA03173C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Frozen |
|
|
|
|
No of Employees : |
Not Available |
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 2100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 commitment. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 : |
6, |
|
Tel. No.: |
91-11-23318804 / 23318801 / 23318806 / 23318808 |
|
Fax No.: |
91-11-23318815 / 23318819 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
T – 249, Idgah Road, Quresh Nagar, Sadar Bazar, New Delhi – 110006,
India |
|
Tel. No.: |
91-11-7525890 / 7773427 / 23318806 |
|
Fax No.: |
91-11-7525890 |
|
|
|
|
Factory : |
Marvasada Usgao, Goa-403407, |
|
Tel. No.: |
91-832-2344117 |
|
Fax No.: |
91-832-2344117 |
|
|
|
|
Cold Storage : |
M – 19, MIDC Taloja, Navi Mumbai, |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Mohammad Saleem Qureshi |
|
Designation : |
Director |
|
Address : |
6303, |
|
Date of Birth/Age : |
20.04.1965 |
|
Date of Appointment : |
03.07.2000 |
|
DIN No.; |
01633070 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U15116DL1998PTC091597 |
Al-Nafees
Proteins Private Limited |
Director |
08-01-98 |
08-01-98 |
- |
Active |
NO |
|
2 |
U19119DL2000PTC103717 |
Al Nafees
Leather Exports Private Limited |
Director |
10-02-00 |
10-02-00 |
- |
Active |
NO |
|
3 |
U74899DL1987PTC029635 |
Al Nafees Frozen
Food Exports Private Limited |
Director |
03-07-00 |
03-07-00 |
- |
Active |
NO |
|
4 |
U01409DL1998PTC091589 |
Al-Tamash
Exports Private Limited |
Director |
17-03-02 |
17-03-02 |
- |
Active |
NO |
|
Name : |
Mr. Mohammad Mushrafeen Qureshi
|
|
Designation : |
Director |
|
Address : |
6303, |
|
Date of Birth/Age : |
11.04.1964 |
|
Date of Appointment : |
05.01.2010 |
|
DIN No.: |
01633191 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U15116DL1998PTC091597 |
Al-Nafees
Proteins Private Limited |
Director |
21-09-10 |
08-01-98 |
- |
Active |
NO |
|
2 |
U19119DL2000PTC103717 |
Al Nafees
Leather Exports Private Limited |
Director |
30-09-10 |
10-02-00 |
- |
Active |
NO |
|
3 |
U74899DL1987PTC029635 |
Al Nafees Frozen
Food Exports Private Limited |
Director |
30-09-10 |
03-07-00 |
- |
Active |
NO |
|
4 |
U01409DL1998PTC091589 |
Al-Tamash
Exports Private Limited |
Director |
29-09-10 |
17-03-02 |
- |
Active |
NO |
|
Name : |
Mr. Mohammed Mustaqeem Qureshi |
|
Designation : |
Managing Director |
|
Address : |
6434, |
|
Date of Birth/Age : |
01.05.1961 |
|
Date of Appointment : |
30.10.1998 |
|
DIN No.: |
01644301 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1987PTC029635 |
Al Nafees Frozen
Food Exports Private Limited |
Director |
22-08-11 |
30-10-98 |
- |
Active |
NO |
|
2 |
U19119DL2000PTC103717 |
Al Nafees
Leather Exports Private Limited |
Director |
22-08-11 |
10-02-00 |
- |
Active |
NO |
|
3 |
U15116DL1998PTC091597 |
Al-Nafees
Proteins Private Limited |
Director |
22-08-11 |
10-08-01 |
- |
Active |
NO |
|
4 |
U01409DL1998PTC091589 |
Al-Tamash
Exports Private Limited |
Director |
22-08-11 |
17-03-02 |
- |
Active |
NO |
|
5 |
U15127DL1999PTC102732 |
Indus Punjab
Frozen Foods Exports Private Limited |
Additional
director |
20-10-10 |
20-10-10 |
- |
Active |
NO |
|
Name : |
Mr. Mohammed Nafees Qureshi |
|
Designation : |
Director |
|
Address : |
7431, |
|
Date of Birth/Age : |
03.01.1954 |
|
Date of Appointment : |
05.01.2010 |
|
DIN No.: |
02545702 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1987PTC029635 |
Al Nafees Frozen
Food Exports Private Limited |
Director |
30-09-10 |
30-10-98 |
- |
Active |
NO |
|
2 |
U19119DL2000PTC103717 |
Al Nafees
Leather Exports Private Limited |
Director |
30-09-10 |
10-02-00 |
- |
Active |
NO |
|
3 |
U15116DL1998PTC091597 |
Al-Nafees
Proteins Private Limited |
Director |
21-09-10 |
10-08-01 |
- |
Active |
NO |
|
4 |
U01409DL1998PTC091589 |
Al-Tamash
Exports Private Limited |
Director |
29-09-10 |
17-03-02 |
- |
Active |
NO |
|
Name : |
Mr. Mohammed Muqeem Qureshi |
|
Designation : |
Director |
|
Address : |
6434, |
|
Date of Birth/Age : |
01.01.1952 |
|
Date of Appointment : |
05.01.2010 |
|
DIN No.: |
02605033 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1987PTC029635 |
Al Nafees Frozen
Food Exports Private Limited |
Director |
30-09-10 |
30-10-98 |
- |
Active |
NO |
|
2 |
U19119DL2000PTC103717 |
Al Nafees
Leather Exports Private Limited |
Director |
30-09-10 |
10-02-00 |
- |
Active |
NO |
|
3 |
U01409DL1998PTC091589 |
Al-Tamash
Exports Private Limited |
Director |
29-09-10 |
10-08-01 |
- |
Active |
NO |
|
4 |
U15116DL1998PTC091597 |
Al-Nafees
Proteins Private Limited |
Director |
21-09-10 |
17-03-02 |
- |
Active |
NO |
|
Name : |
Mr. Arham Qureshi |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
17.08.1989 |
|
Date of Appointment : |
15.01.2010 |
|
DIN No.: |
02935871 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1987PTC029635 |
Al Nafees Frozen
Food Exports Private Limited |
Managing
director |
22-08-11 |
15-01-10 |
- |
Active |
NO |
|
2 |
U19119DL2000PTC103717 |
Al Nafees
Leather Exports Private Limited |
Managing
director |
22-08-11 |
15-01-10 |
- |
Active |
NO |
|
3 |
U15116DL1998PTC091597 |
Al-Nafees
Proteins Private Limited |
Managing
director |
22-08-11 |
15-01-10 |
- |
Active |
NO |
|
4 |
U01409DL1998PTC091589 |
Al-Tamash
Exports Private Limited |
Managing
director |
22-08-11 |
15-01-10 |
- |
Active |
NO |
|
5 |
U15127DL1999PTC102732 |
Indus Punjab
Frozen Foods Exports Private Limited |
Additional
director |
20-10-10 |
20-10-10 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. Arti Chabria |
|
Designation : |
Company Secretary |
|
Address : |
N-17, Jangpura Extension, New Delhi-110014, |
|
Date of Birth/Age : |
06.08.1977 |
|
Date of Appointment : |
23.07.2010 |
|
Date of Ceasing: |
05.08.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Mohammad Saleem Qureshi |
|
20 |
|
Mohammad Mushrafeen Qureshi |
|
20 |
|
Mohammed Mustaqeem Qureshi |
|
919920 |
|
Mohammed Muqeem Qureshi |
|
20 |
|
Mohammed Nafees Qureshi |
|
20 |
|
Arham Qureshi |
|
105 |
|
Al Tamash Exports Private Limited, |
|
386100 |
|
|
|
|
|
Total |
|
1306205 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
29.55 |
|
Directors
or relatives of directors |
|
70.45 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Frozen |
GENERAL INFORMATION
|
Suppliers : |
Group Companies
Others
|
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Customers : |
Group Companies
Others
|
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Bankers : |
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Anil Kakker and Associates Chartered Accountant |
|
Address : |
C-2/16, 3rd Floor, Janak Puri, New Delhi-110058, |
|
Tel. No.: |
91-11-23315190 / 23315126 |
|
Fax No.: |
91-11-23315142 |
|
E-Mail : |
|
|
PAN No.: |
AAGPK7307E |
|
|
|
|
Subsidiaries : |
(U15116DL1998PTC091597) |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1310000 |
Equity Shares |
Rs.100/- each |
Rs.131.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1306205 |
Equity Shares |
Rs.100/- each |
Rs.130.620
Millions |
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1310000 |
Equity Shares |
Rs.100/- each |
Rs.131.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
280000 |
Equity Shares |
Rs.100/- each |
Rs.28.000
Millions |
|
180000 |
Equity Shares |
Rs.100/- each |
Rs.18.000
Millions |
|
386100 |
Equity Shares |
Rs.100/- each |
Rs.38.610
Millions |
|
460000 |
Equity Shares |
Rs.100/- each |
Rs.46.000
Millions |
|
|
Total |
|
Rs.130.610 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 |
130.610 |
46.000 |
46.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
412.116 |
192.065 |
131.193 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
542.726 |
238.065 |
177.193 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1002.866 |
768.192 |
422.808 |
|
|
2] Unsecured Loans |
0.943 |
3.105 |
7.780 |
|
|
TOTAL BORROWING |
1003.809 |
771.297 |
430.588 |
|
|
DEFERRED TAX LIABILITIES |
3.236 |
3.247 |
2.126 |
|
|
|
|
|
|
|
|
TOTAL |
1549.771 |
1012.609 |
609.907 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
401.454 |
342.490 |
238.414 |
|
|
Capital work-in-progress |
3.690 |
14.912 |
38.098 |
|
|
|
|
|
|
|
|
INVESTMENT |
51.300 |
51.300 |
36.300 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
752.571
|
707.544 |
170.475
|
|
|
Sundry Debtors |
800.376
|
804.300 |
311.125
|
|
|
Cash & Bank Balances |
31.535
|
23.036 |
20.305
|
|
|
Other Current Assets |
209.096
|
250.647 |
48.556
|
|
|
Loans & Advances |
89.277
|
34.456 |
47.911
|
|
Total
Current Assets |
1882.855
|
1819.983 |
598.372 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
630.490
|
891.199 |
|
|
|
Other Current Liabilities |
95.409
|
284.579 |
293.821
|
|
|
Provisions |
63.629
|
40.298 |
7.456
|
|
Total
Current Liabilities |
789.528
|
1216.076 |
301.277
|
|
|
Net Current Assets |
1093.327
|
603.907 |
297.095
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1549.771 |
1012.609 |
609.907 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
162.425 |
99.012 |
12.854 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
57.764 |
38.140 |
5.371 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
104.661 |
60.872 |
7.483 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
491.827 |
195.200 |
1051.856 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components and Spares |
0.444 |
0.874 |
5.568 |
|
|
|
Capital Goods |
6.438 |
10.279 |
0.000 |
|
|
TOTAL IMPORTS |
6.882 |
11.153 |
5.568 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
80.13 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.11
|
4.58 |
1.54
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.42 |
0.07
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.30
|
8.35 |
4.13
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.38
|
1.50 |
1.99
|
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80038550 |
|
Corporate
identity number of the company |
U74899DL1998PTC029635 |
|
Name of the
company |
AL NAFEES FROZEN
FOOD EXPORTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
6, |
|
Type of charge |
Book Debts Movable Property
(not being pledge) |
|
Particular of charge
holder |
Corporation Bank, SME Branch, G – 28/29, Sector 18, Noida-201301, |
|
Email |
|
|
Nature of description
of the instrument creating or modifying the charge |
Supplemental
common deed of hypothecation of movables/assets/debts. |
|
Date of
instrument Creating the charge |
23.10.2010 |
|
Amount secured by
the charge |
Rs.777.900
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per schedule
of the agreement. Dated 22.10.2010. Terms of
Repayment As per sanction
terms. Margin Stocks 25% Book-debts 40% Extent and
Operation of the charge The hypothecation
assets and equitable mortgage of
properties is to collaterally secure various aggregate limits of Rs.777.900
Millions granted by Corporation Bank
to the company. |
|
Short particulars
of the property charged |
I)
Hyp
of following;- whole of the movable current assets of the borrower including
raw materials, stock in process. etc. both present and
future and whole of the movable
fixed assets of the borrower II)
including
movable plant and machinery etc. both present
and future to be stored /installed at
borrower's premises /factory/ godown situated at may be or be held by III)
any
party in the course of transit and all
the book-debts of the company both present and future of
the company. |
|
Particulars of
the present modification |
The charge on the
assets of the company stands reduce from Rs.912.600 Millions to 777.900 Millions . (details of Interest
rate of hyp. of movables/assets/debts.dt.22.10.2010. Other terms and
conditions remains the same. |
Fixed Assets:
- Land and Site
Development
- Office Flat
- Plant and
Machinery
- Factory
Equipments
- Office
Equipments
- Type Writers
- Fax Machine
- Xerox Machine
- Fire Fighting
Equipment
- Air
Conditioner
- Refrigerator
- Generator
- Boiler
- Invertors
- Rendering
Plant
- Computer
- Auto Rickshaw
- Motor car
- Scooter
- Cycle
- Truck and
Motor Loners
- Fans and
Fittings
- Furniture and
Fixtures
- Building
Under Construction
- Site
Development
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.51.35 |
|
|
1 |
Rs.80.97 |
|
Euro |
1 |
Rs.69.26 |
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 |
YES |
|
--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.