|
Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
GREEN GOLD TIMBERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 36/1 and 37, NH 8A, 8KM, Milestone, Post Box No.259, Padama
Anjar – 370110, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.10.1998 |
|
|
|
|
Com. Reg. No.: |
04-034826 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.22.400 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20200GJ1998PTC034826 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTG00080D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG7875Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader and Importer of Timber |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 111520 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having moderate track.
Profitability of the company appears to be low. Trade relations are reported as
fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with slight
caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
|
Name : |
Mr. Surendra |
|
Designation : |
Accountant |
|
Contact No.: |
91-9099025721 |
|
Date : |
12.04.2012 |
LOCATIONS
|
Registered Office/Factory : |
Survey No. 36/1 and 37, NH 8A, 8KM, Milestone, Post Box No.259, Padama
Anjar - 370 110, |
|
Tel. No.: |
91-2836-286485 / 286201 |
|
Mobile No.: |
91-9825225721 (Mr. Ahuj Akhilesh Manglik) |
|
Fax No.: |
91-2836-286486 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Government Industrial Estate, Patel Nagar, Dehradun – 248 001, |
|
Tel. No.: |
91-135-2722541 |
|
Fax No.: |
91-135-2723404 |
DIRECTORS
AS ON 26.09.2011
|
Name : |
Mr. Akhilesh Kirtiprasad Manglik |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Plot No. 41 and 42, Navratna Residency, Meghpar, Anjar, Gujarat ,
India |
|
Date of Appointment : |
15.10.1998 |
|
DIN No.: |
|
|
|
|
|
Name : |
Mr. Mudit Akhilesh Manglik |
|
Designation : |
Director |
|
Address : |
11-A, |
|
Date of Appointment : |
15.10.1998 |
|
DIN No.: |
00301050 |
|
|
|
|
Name : |
Mr. Anuj Akhilesh Manglik |
|
Designation : |
Director |
|
Address : |
Plot No. 41 and 42, Navratna Residency, Meghpar, Anjar, Gujarat, India
|
|
Date of Appointments : |
15.10.1998 |
|
DIN No.: |
00301167 |
|
|
|
|
Name : |
Ms. Rita Akhilesh Manglik |
|
Designation : |
Director |
|
Address : |
Plot No. 41 and 42, Navratna Residency, Meghpar, Anjar |
|
Date of Birth/Age : |
02.01.1949 |
|
Date of Appointment : |
27.09.2007 |
|
DIN No.: |
02561466 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2011
|
Names of Shareholders |
No. of Shares |
|
Akhilesh Manglik |
658980 |
|
Mudit Manglik |
164640 |
|
Anuj Manglik |
619360 |
|
Rita Manglik |
140 |
|
Archana Manglik |
292740 |
|
Rashi Manglik |
126140 |
|
Mudit Manglik (HUF) |
238000 |
|
Green Gold Tree Farmers Private Limited, |
140000 |
|
Total |
2240000 |
Equity share
breakup (percentage of total equity)
AS ON 26.09.2011
|
Category |
Percentage |
|
Bodies corporate |
6.25 |
|
Directors or relatives of Directors |
93.75 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Importer of Timber |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Depends (120 days) |
|
|
|
|
Purchasing : |
L/C, Depends (120 days) |
GENERAL INFORMATION
|
Suppliers : |
·
N Z Tech India Limited ·
TSS Woodmead |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
·
Sahara India ·
Retailers |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Union Bank of India, Main Branch, 19-B, Rajpur
Road, Dehradun – 248 021, Uttaranchal, India ·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India ·
ICICI Bank Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Hiranandani and Company Chartered Accountants |
|
Address : |
“Banke Bihari”, Plot No. 16, Ward 10-B (C), Opposite IFFCO main Gate,
Gandhidham – 370 201, |
|
Tel. No.: |
91-2836-234080 / 233732 |
|
|
|
|
Other Related Parties |
· Green Gold Tree Farmers Private Limited, Dehradun Line
of Business: Manufacturer, Trader and Importer of Timber. · Green Gold Timber Traders ·
Green Gold Timber – Anantnag |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2240000 |
Equity Shares |
Rs.10/- each |
Rs.22.400 millions |
|
|
|
|
|
(Of the above shares 640000 shares are allotted
as fully paid –up by way of bonus shares by capitalisation of free reserve)
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
22.400 |
16.000 |
16.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5.480 |
8.229 |
3.647 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
27.880 |
24.229 |
19.647 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.293 |
2.127 |
3.379 |
|
|
2] Unsecured Loans |
20.080 |
20.066 |
16.675 |
|
|
TOTAL BORROWING |
23.373 |
22.193 |
20.054 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.419 |
|
|
|
|
|
|
|
|
TOTAL |
51.253 |
46.422 |
40.120 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
21.664 |
13.212 |
12.285 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
(0.601) |
(0.391) |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
122.428
|
30.063
|
24.439
|
|
|
Sundry Debtors |
104.308
|
62.028
|
65.606
|
|
|
Cash & Bank Balances |
1.763
|
1.767
|
2.901
|
|
|
Deposits |
1.548
|
0.803
|
0.808
|
|
|
Loans & Advances and Other Current Assets |
4.548
|
4.233
|
14.860
|
|
Total
Current Assets |
234.595 |
98.894 |
108.614 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
93.126
|
12.390
|
28.127
|
|
|
Other Current Liability |
6.430
|
2.373
|
0.704
|
|
|
Provisions |
0.000
|
0.000
|
2.236
|
|
|
Dehradun Branch A/C |
104.938
|
50.579
|
49.777
|
|
Total
Current Liabilities |
204.494 |
65.342 |
80.844 |
|
|
Net Current Assets |
30.101 |
33.552 |
27.770 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.089 |
0.049 |
0.065 |
|
|
|
|
|
|
|
|
TOTAL |
51.253 |
46.422 |
40.120 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
628.323 |
398.652 |
357.245 |
|
|
|
Other Income |
2.388 |
3.726 |
0.469 |
|
|
|
TOTAL (A) |
630.711 |
402.378 |
357.714 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
601.695 |
342.765 |
270.658 |
|
|
|
Direct Expenses |
96.646 |
48.276 |
37.387 |
|
|
|
Employees Remuneration and Benefits |
1.629 |
1.758 |
1.728 |
|
|
|
Directors Remuneration |
3.640 |
1.920 |
1.800 |
|
|
|
Loss on Branch Office – Dehradun Branch |
1.297 |
0.772 |
0.699 |
|
|
|
Share Issue Expenses Written off |
0.030 |
0.017 |
0.000 |
|
|
|
Administration Selling and Other Expenses |
4.447 |
4.310 |
6.277 |
|
|
|
Increase/(Decrease) in Finished Goods |
(92.364) |
(5.624) |
30.696 |
|
|
|
TOTAL (B) |
617.020 |
394.194 |
349.245 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.691 |
8.184 |
8.469 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.753 |
5.516 |
6.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.938 |
2.668 |
2.469 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.592 |
1.870 |
1.929 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.346 |
0.798 |
0.540 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.695 |
0.303 |
0.296 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.651 |
0.495 |
0.244 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.425 |
2.930 |
2.686 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
7.076 |
3.425 |
2.930 |
|
|
|
|
|
|
|
|
|
|
Import
Value |
267.073 |
173.778 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.82 |
0.31 |
0.15 |
|
Expected Sales (2011-2012) : Rs.700.000 Millions
The above information has been parted by Mr. Surendra (Accountant)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.58
|
0.12
|
0.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.85
|
0.20
|
0.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.09
|
0.71
|
0.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.03
|
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
8.17
|
3.61
|
5.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15
|
1.51
|
1.34 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
Sundry Creditors are not available
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
Yes |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
Yes |
|
Name of Person Contacted |
Yes |
|
Designation of Contact person |
Yes |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
No |
|
Estimation for coming financial year |
Yes |
|
Capital in the business |
Yes |
|
Details of sister concerns |
Yes |
|
Major Suppliers |
Yes |
|
Major Customers |
Yes |
|
Payments Terms |
Yes |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
-------- |
|
Litigations that the firm/ Promoters Involved in |
-------- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
-------- |
|
Buyer visit details |
-------- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
NOTE
The Registered Company of the company has been shifted from “Survey No.187 N H No. 8- Amthi Rohar Gandhidham, Kutch – 370 201,
TRADE REFERENCE:
· L and T Limited
· Sahara India Commercial Limited
FORM 8
|
Corporate identity number of the company |
U20200GJ1998PTC034826 |
|
Name of the company |
GREEN GOLD TIMBERS
PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Survey No. 36/1 and 37, NH 8A, 8KM, Milestone, Post Box No.259, Padama
Anjar - 370 110, E-mail Id : mgoel@vsnl.com |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Movable Property Immovable Property |
|
Particular of charge holder |
UNION BANK OF INDIA |
|
Nature of instrument creating charge |
Composite Hypothecation Deed (SD-20) |
|
Date of instrument Creating the charge |
23/08/2011 |
|
Amount secured by the charge |
Rs.157.366 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Extent and Operation of the charge The Company's properties as mentioned in
the Hypothecation agreement are hypothecated to secure credit facilities
aggregating to Rs.15,7.336 Millions |
|
Short particulars of the property charged |
Hypothecation of all stocks of Timber,
fully paid and duly insured. 36-37 Padana Gandhidham and B-5 Industrial
Area, Dehradun. Lien over deposits of margin money of DALC
and LG Union Bank of india 19-B Rajpur Road, Dehradun. Charge over all fixed and current assets
of the company 36-37 Padana Gandhidham & B-5 Industrial Area, Dehradun. EM over the collateral property |
|
Date of instrument modifying the charge |
05/01/2011 |
|
Particulars of the present modification |
The total amount of charge secured against
hypothecation of stock, book debts and movables as per details mentioned
above has now been enhanced from Rs. 13,7.366 Millions to Rs. 15,7.366
Millions. Break up of enhanced credit facilities is as under: Cash Credit Hypothecation 30.000 Millions Import Letter of Credit 100.000 Millions Letter of Guarantee 0.366 Million Term Loan 000
Millions Ad Hoc CCH 20.000 Millions |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90105115 |
|
Corporate
identity number of the company |
U20200GJ1998PTC034826 |
|
Name of the company
|
GREEN GOLD TIMBERS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Survey No. 36/1 and 37, NH 8A, 8KM, Milestone, Post Box No.259, Padama
Anjar - 370 110, E-mail Id : mgoel@vsnl.com |
|
Type of charge |
|
|
Particular of
charge holder |
Union Bank of E-mail Id : cbsdehradunmain@unionbankkofindia.com |
|
Nature of
description of the instrument creating or modifying the charge |
Composite
Hypothecation deed (SD-20) |
|
Date of
instrument Creating the charge |
23.08.2011 |
|
Amount secured by
the charge |
Rs.157.366
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per Composite
Hypothecation Deed (SD -20) Terms of
Repayment As per Composite
Hypothecation Deed (SD-20) Margin As per Composite
Hypothecation Deed (SD-20) Extent and
Operation of the charge The company's
properties as mentioned in the Hypothecation agreement are hypothecated to secure
the credit facilities aggregating to Rs.157.336 Millions |
|
Short particulars
of the property charged |
Hypothecation of
all stocks of timber, fully paid and duly insured. 36-37 Padana
Gandhidham and B-5 Industrial Area, Dehradun. Lien over deposits
of margin money of DALC and LG. Union Bank of Dehradun. Charge over all
fixed and current assets of the company. 36-37 Padana
Gandhidham and B-5 Industrial Area, Dehradun. More particulars
as per Hypothecation agreement. |
|
Date of
instrument modifying the charge |
05.01.2011 |
|
Particulars of
the present modification |
The total amount
of charge secured against hypothecation of stock, book debts and movables as
per details mentioned above has now been enhanced from Rs.137.366 Millions to
Rs.157.366 Millions. Break up of enhanced credit facilities is as under: Cash Credit
Hypothecation 30.000 Millions Import Letter of
Credit 100.000 Millions Letter of
Guarantee 0.366
Millions Term Loan 7.000
Millions Ad Hoc CCH 20.000 Millions |
FIXED ASSETS
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.51.44 |
|
|
1 |
Rs.81.96 |
|
Euro |
1 |
Rs.67.60 |
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 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
29 |
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.