MIRA
INFORM REPORT
|
Report Date : |
29.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
|
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|
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Registered Office : |
74/20, Amar Colony, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
15.07.1998 |
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Com. Reg. No.: |
55-95010 |
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Capital Investment / Paid-up Capital : |
Rs.10.994 Millions |
|
|
|
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CIN No.: [Company
Identification No.] |
U20219DL1998PTC095010 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELM05405B |
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PAN No.: [Permanent
Account No.] |
AAACM9651J |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader and Importer of Timber. |
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No. of Employees : |
100 (In Office - 80, In Branch - 20) ) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 170000 |
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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 – 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 / Head Office : |
74/20, Amar Colony, |
|
Tel. No.: |
91-11-25281917 / 25473073 / 25473073 / 65492567 |
|
Fax No.: |
91-11-25473080 |
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E-Mail : |
|
|
Location : |
Owned |
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Corporate Office : |
3/408, N. Commercial Premises, |
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Tel. No.: |
91-22-23054746/23095453 |
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Fax No.: |
91-22-23052076 |
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Branch Office 1 : |
Timber Market, |
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Branch Office 2 : |
Plot No. 489, N. H. No. 8A, |
|
Fax No.: |
91-2836-286265 |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Sunil Kumar Gupta |
|
Designation : |
Director |
|
Address : |
M-434, Guru Harikishan Nagar, Paschim Vihar, |
|
Date of Birth/Age : |
35 Years |
|
Date of Appointment : |
15.07.1998 |
|
DIN No.: |
00328429 |
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 |
U67120MH1996PTC104793 |
Ablaze
Investrade Private Limited |
Director |
22-07-97 |
22-07-97 |
- |
Active |
NO |
|
2 |
U51909WB1995PTC070472 |
Srisaran
Suppliers Private Limited |
Additional
director |
22-07-97 |
22-07-97 |
- |
Not Available
for eFiling |
NO |
|
3 |
U20219DL1998PTC095010 |
M.K. Wood India
Private Limited |
Director |
15-07-98 |
15-07-98 |
- |
Active |
NO |
|
4 |
U51397MH2001PTC132883 |
Srisaran
Suppliers Private Limited |
Director |
26-07-01 |
26-07-01 |
- |
Active |
|
|
5 |
U20232MH2008PTC177288 |
M. K. Ply Wood ( |
Director |
03-01-08 |
03-01-08 |
- |
Active |
NO |
|
Name : |
Mr. Dwarka Prasad Gupta |
|
Designation : |
Director |
|
Address : |
M-434, Guru Harikishan Nagar, Paschim Vihar, |
|
Date of Birth/Age : |
55 Years |
|
Date of Appointment : |
01.11.2005 |
|
DIN No.: |
00308082
|
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 |
U20200MH1997PTC112647 |
M K Lumbers
Private Limited |
Director |
30-10-98 |
30-10-98 |
- |
Active |
NO |
|
2 |
U20219DL1998PTC095010 |
M.K. Wood India
Private Limited |
Director |
01-11-05 |
01-11-05 |
- |
Active |
NO |
|
Name : |
Mr. Radheyshyam Gupta |
|
Designation : |
Director |
|
Address : |
M-256, Guru Harikishan Nagar, Paschim Vihar, |
|
Date of Birth/Age : |
41 Years |
|
Date of Appointment : |
01.07.2004 |
|
DIN No.: |
00312993
|
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 |
U51909WB1995PTC070472 |
Srisaran Suppliers
Private Limited |
Director |
05-06-97 |
05-06-97 |
- |
Not Available
for eFiling |
NO |
|
2 |
U20200MH1997PTC112647 |
M K Lumbers
Private Limited |
Director |
30-10-98 |
30-10-98 |
- |
Active |
NO |
|
3 |
U51397MH2001PTC132883 |
Srisaran Suppliers
Private Limited |
Director |
26-07-01 |
26-07-01 |
- |
Active |
|
|
4 |
U20219DL1998PTC095010 |
M.K. Wood India Private
Limited |
Additional
director |
01-07-04 |
01-07-04 |
- |
Active |
NO |
|
Name : |
Mr. Mahesh Chand Gupta |
|
Designation : |
Director |
|
Address : |
M-434, Guru Harikishan Nagar, Paschim Vihar, |
|
Date of Birth/Age : |
44 Years |
|
Date of Appointment : |
15.07.1998 |
|
DIN No.: |
00328448
|
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 |
U51909WB1995PTC070472 |
Srisaran
Suppliers Private Limited |
Director |
05-06-97 |
05-06-97 |
- |
Not Available
for eFiling |
NO |
|
2 |
U67120MH1996PTC104793 |
Ablaze
Investrade Private Limited |
Director |
22-07-97 |
22-07-97 |
- |
Active |
NO |
|
3 |
U20219DL1998PTC095010 |
M.K. Wood India
Private Limited |
Director |
15-07-98 |
15-07-98 |
- |
Active |
NO |
|
4 |
U51397MH2001PTC132883 |
Srisaran
Suppliers Private Limited |
Director |
26-07-01 |
26-07-01 |
- |
Active |
|
|
5 |
U20232MH2008PTC177288 |
M. K. Ply Wood ( |
Director |
03-01-08 |
03-01-08 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Sunil Kumar Gupta |
271000 |
|
Maheshchand Gupta |
101000 |
|
|
105990 |
|
Giriraj Gupta |
102500 |
|
Banarsidevi Gupta |
85500 |
|
Meva Devi Gupta |
75000 |
|
Kiran Devi Gupta |
2500 |
|
|
30000 |
|
Radhey Shyam Gupta |
91500 |
|
Meena Devi Gupta |
35000 |
|
Dwarka Prasad Gupta |
25000 |
|
Sirajul A Siddiqui |
40000 |
|
Sanjay Kumar Gupta |
90000 |
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|
29000 |
|
Kamal Kishore Bansal Joint With Amit Agarwal |
100 |
|
Sunil Kumar Bansal Joint With Sandeep Singh
Cheema |
100 |
|
Kavita Bansal Joint With Ansh Gupta |
100 |
|
Omprakash Gupta Joint With Pankaj Kumar
Gupta |
10 |
|
Manju Gupta |
5000 |
|
Hemlata Gupta |
5000 |
|
Ansh Gupta |
5000 |
|
Ramkali Devi Bansal Jointly with Lalit
Agarwal |
100 |
|
TOTAL |
1099400 |
List of Allottees
As on 31.03.2011
|
Names of Shareholders |
No. of Shares |
|
Srisaran Suppliers Private Limited, Mumbai, |
117750 |
|
TOTAL |
117750 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2010
|
Category |
|
Percentage of
Holding |
|
Directors or Relatives of Directors |
|
100.00 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Timber. |
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Product: |
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GENERAL INFORMATION
|
No. of Employees : |
100 (In Office - 80, In Branch - 20) (Approximately) |
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Bankers : |
Corporation Bank, Oversea Branch, M - 93, Centurion Bank of Punjab Limited, F - 2/4, |
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Facilities : |
Secured Loans
Unsecured Loans
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S K Heda and Associates |
|
Designation : |
Chartered Accoutants |
|
Address : |
A-002, Jalkriti Chs, Jairaj Nagar, Link Road, Borivali, Jairaj Nagar, Link
Road, Borivali – 400 091, Maharashtra, India |
|
|
|
|
Enterprises in which key management personnel have significant
influence : |
Name: Ablaze Investrade Private Limited Address: Tel No: 91-222-8343550 / 25473073 / 25473729 Fax: 91-11-25483080 Name: Srisaran Suppliers Private Limited Address: Fax: 91-11-254830480 Name: Goyal Investrade
Private Limited |
CAPITAL STRUCTURE
After 30.09.2010
Authorised Capital
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1217150 |
Equity shares (Out of the
above 250000 equity shares were issued to Sunil Kumar Gupta other than cash
in consideration of take over of running business) |
Rs.10/- each |
Rs.12.172
Millions |
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity shares |
Rs.10/- each |
Rs.12.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1099400 |
Equity shares (Out of the
above 250000 equity shares were issued to Sunil Kumar Gupta other than cash
in consideration of take over of running business) |
Rs.10/- each |
Rs.10.994
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.994 |
9.994 |
9.994 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
31.760 |
12.942 |
9.668 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
42.754 |
22.936 |
19.662 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
26.199 |
22.436 |
7.216 |
|
|
2] Unsecured Loans |
7.380 |
8.660 |
6.695 |
|
|
TOTAL BORROWING |
33.579 |
31.096 |
13.911 |
|
|
DEFERRED TAX LIABILITIES |
0.908 |
0.844 |
0.960 |
|
|
|
|
|
|
|
|
TOTAL |
77.241 |
54.876 |
34.533 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.674 |
10.915 |
11.009 |
|
|
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 |
82.346 |
75.338 |
45.517 |
|
|
Sundry Debtors |
136.114 |
97.804 |
77.099 |
|
|
Cash & Bank Balances |
43.974 |
21.820 |
11.277 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
13.043 |
10.301 |
7.724 |
|
Total
Current Assets |
275.477 |
205.263 |
141.617 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
201.090 |
153.911 |
111.869 |
|
|
Other Liabilities |
0.857 |
3.428 |
3.951 |
|
|
Provisions |
8.963 |
3.963 |
2.273 |
|
Total
Current Liabilities |
210.910 |
161.302 |
118.093 |
|
|
Net Current Assets |
64.567 |
43.961 |
23.524 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
77.241 |
54.876 |
34.533 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
673.911 |
548.846 |
358.875 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
658.621 |
543.998 |
355.127 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
15.290 |
4.848 |
3.748 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.472 |
1.574 |
1.824 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
9.818 |
3.274 |
1.924 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.942 |
9.669 |
7.745 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
22.760 |
12.942 |
9.669 |
|
|
|
|
|
|
|
|
|
- |
TOTAL IMPORTS |
325.512 |
271.767 |
14.301 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.93 |
3.28 |
1.93 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.45 |
0.60 |
0.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.31 |
2.24 |
2.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36 |
0.21 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.72 |
8.39 |
6.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.27 |
1.20 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Corporate
identity number of the company |
U20219DL1998PTC095010 |
|
Name of the
company |
M.K. WOOD INDIA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
74/20, Amar
Colony, E-Mail : babulal_gupta1957@yahoo.co.in
|
|
This form is for |
Creation of charge |
|
Type of charge |
Others (Vehicles Loan) |
|
Particular of
charge holder |
Corporation Bank Overseas
Branch, M-93 Connaught Circus, E-Mail : pankajkpc@gmail.com |
|
Nature of
instrument creating charge |
Agreement For
Hypothecation of Vehicles. |
|
Date of
instrument Creating the charge |
11.02.2011 |
|
Amount secured by
the charge |
Rs.0.660 Million |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Rate of interest for
the said vehicles loan is 11% p.a. link with base rate for 1st,year from the
2nd year onwards the rate of int. to be refixed at 2.25% above the base rate
prevailing at the time. Terms of repayment The proposed vehicle
loan is repayable in 24 equated monthly installments. The EMI for 1st, year
will be Rs.0.031 Million. The monthly loan installment should be paid on or
before 7th, day of the succeeding month irrespective of the date of release
of the loan. Margin 16.67%. Extent and operation of the charge As per terms of
sanction. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation
of Brand New Maruti Dzire ZDI Car Valued
Rs.0.792 Million as per their proforma Invoice of T.R Sawhney Motors Private
Limited dated 10.02.2011. |
FIXED ASSETS:
- Office
Premises
- Factory Shed
- Plant and
Machinery
- Furniture and
Fixture
- Electrical
and Installation
- Office
Equipment
- Computers
- Vehicles
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.48.82 |
|
|
1 |
Rs.78.57 |
|
Euro |
1 |
Rs.69.29 |
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 |
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.