MIRA
INFORM REPORT
|
Report Date : |
06.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
PLANTECH MEDICAL SYSTEMS PRIVATE LIMITED |
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|
|
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Registered
Office : |
58, Tirupati Estate, Behind Ambarcinema, Opposite Saraspur, Municipal Quarters,
Saraspur, Ahmedabad, Gujarat |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
22.11.1994 |
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Com. Reg. No.: |
04-023652 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.600 Million |
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CIN No.: [Company Identification
No.] |
U85199GJ1994PTC023652 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMP00099B |
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PAN No.: [Permanent Account No.] |
AABCP9740L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Ophthalmic Equipments and
Instruments |
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|
No. of Employees
: |
40 (In Office-10 and In Factory-30) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 12000 |
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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. 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.
INFORMATION PARTED BY
|
Name : |
Mr. P. R. Patel |
|
Designation : |
Director |
|
Contact No.: |
91-9824034971 |
|
Date : |
04.01.2012 |
LOCATIONS
|
Registered Office / Factory : |
58, Tirupati Estate, Behind Ambarcinema, Opposite Saraspur, Municipal
Quarters, Saraspur, Ahmedabad, Gujarat, India |
|
Tel. No.: |
91-79-22748813 / 22749913 / 27540690 |
|
Mobile No.: |
91-9824034971 (Mr. P. R. Patel) |
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Fax No.: |
91-79-22760870 |
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E-Mail : |
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Website : |
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Area : |
7800 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Pravinkumar Maganlal Patel |
|
Designation : |
Director |
|
Address : |
B-102, Suyash Apartmetn, Memnagar, Ahmedabad-380052, Gujarat, India |
|
Date of Birth/Age : |
19.12.1954 |
|
Date of Appointment : |
24.11.1994 |
|
DIN No.: |
01598711 |
|
|
|
|
Name : |
Mr. Arvindkumar Madhavlal Patel |
|
Designation : |
Director |
|
Address : |
B-41, Swarushi Aprtment, Bhuyangdev Charrasta, Ahmedabad-380061,
Gujarat, India |
|
Date of Birth/Age : |
01.06.1956 |
|
Date of Appointment : |
24.11.1994 |
|
DIN No.: |
01598780 |
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|
|
|
Name : |
Mr. Prabodhbhai Ramanlal Patel |
|
Designation : |
Director |
|
Address : |
B-2, Vijay Flat, Opposite Ranakpur Society, Shahbag, Ahmedabad-380004,
Gujarat, India |
|
Date of Birth/Age : |
14.07.1964 |
|
Date of Appointment : |
24.11.1994 |
|
DIN No.: |
01598668 |
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|
|
|
Name : |
Mr. Ravi Dwarkadas Mehra |
|
Designation : |
Director |
|
Date of Appointment : |
01.04.2003 |
|
DIN No.: |
00681185 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U67120MH1995PTC093047 |
PADAM
FININV SERVICES PRIVATE LIMITED |
Director |
25-09-95 |
25-09-95 |
Active |
NO |
|
2 |
U33110MH1996PTC104500 |
MEHRA
EYETECH PRIVATE LIMITED |
Director |
13-12-96 |
13-12-96 |
Active |
NO |
|
3 |
U33200MH1997PTC107043 |
HARIKU
OPTICS PRIVATE LIMITED |
Director |
03-04-97 |
03-04-97 |
Active |
NO |
|
4 |
U85199GJ1994PTC023652 |
PLANTECH
MEDICAL SYSTEMS PRIVATE LIMITED |
Director |
01-04-03 |
01-04-03 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Prabodhkumar Ramanlal Patel |
1425 |
|
Pravinkumar Maganlal Patel |
1425 |
|
Arvindbhai Madhavlal Patel |
1425 |
AS ON 12.12.2011
|
Names of Allottees |
No. of Shares |
|
Pravinkumar Maganlal Patel |
1750 |
|
Prabodhkumar Ramanlal Patel |
1750 |
|
Arvinbhai Madhavlal Patel |
1750 |
|
Ravi Dwarkadas Mehra |
750 |
|
Kunal Ravi Mehta |
500 |
|
Shobha Ravi Mehra |
500 |
|
Total |
7000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Ophthalmic Equipments and
Instruments |
|
|
|
|
Brand Names : |
“PLANTECH” |
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Exports : |
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|
Products : |
Ophthalmic Equipments and Instruments |
|
Countries : |
·
UAE ·
Europe ·
Philippines ·
Lebnon ·
Vietnam ·
Malaysia ·
Kenya ·
Egypt |
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|
|
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Imports : |
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|
Products : |
Electronics Parts and Spares for to produce ophthalmic equipments and
machinery for workshop |
|
Countries : |
·
Taiwan ·
Singapore ·
Germany |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Refraction Unit |
Nos. |
300 |
238 |
|
Operation Stool |
Nos. |
600 |
596 |
|
Vision Drum |
Nos. |
360 |
289 |
|
Motorized Stand |
Nos. |
360 |
254 |
|
Operation Table |
Nos. |
120 |
110 |
|
SL 100 |
Nos. |
120 |
56 |
|
Slit Lamp |
Nos. |
60 |
-- |
|
CS-2000 (p2/p4) |
Nos. |
240 |
-- |
|
CS-2000 (PL /P3) |
Nos. |
12 |
-- |
|
Ref. Unit CS 2000 |
Nos. |
-- |
202 |
|
Phaco Stand |
Nos. |
-- |
110 |
|
P3 |
Nos. |
-- |
8 |
|
Phoropter Ann |
Nos. |
120 |
|
|
Surgeon Chair |
Nos. |
60 |
162 |
|
Chart Projector |
Nos. |
5 |
-- |
|
Pre OT |
Nos. |
24 |
3 |
|
Chair |
Nos. |
180 |
112 |
|
Lcd Vision Chart |
Nos. |
24 |
12 |
GENERAL INFORMATION
|
Suppliers : |
·
Acharya Shri Atma Ram Jain Charitable Trust ·
Ceramco Detal Clinic, Mumbai ·
A. N. Fabricators ·
Ankit Services ·
Gati Limited ·
Green Fab (India) ·
Hetal Tools ·
Jhanvi Trading Company ·
JSP Enterprises ·
Krupa Plastics |
||||||||||||
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|
|
||||||||||||
|
Customers : |
·
Wholesalers ·
End Users ·
OEM’s ·
Abbott Medical Optics Private Limited ·
Chakshu Chikitsa Seva Samiti, Jodhpur ·
Dhawan Optcals, Delhi ·
Maggo Opticals, Delhi ·
Specto Opticals, Pune ·
Abhinav Incorporation ·
Vision Sales Nagpur ·
Corevision Technology Company Limited, Taiwan ·
Precious Electronics Private Limtied |
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||||||||||||
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No. of Employees : |
40 (In Office-10 and In Factory-30) (Approximately) |
||||||||||||
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|
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Bankers : |
·
State Bank of India, (SMECCC), 201-205,
Shukan-II, Swastik Char Rasta Commerce College Road, Navrangpura,
Ahmedabad-380009, Gujarat, India |
||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Kiran and Pradip Associates Chartered Accountant |
|
Address : |
202, Rajkamal Plaza-A, Navjivan Press Road, Near Income Tax,
Ahmedabad-380014, Gujarat, India |
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Tel No.: |
91-79-27540690 |
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Email: |
|
|
Pan No.: |
AACFK3530B |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.100/- each |
Rs. 1.000 Million |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000 |
Equity Shares |
Rs.100/-
each |
Rs. 0.600
Million |
|
|
|
|
|
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 |
0.600 |
0.600 |
0.600 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.551 |
1.190 |
1.151 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.151 |
1.790 |
1.751 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.258 |
2.128 |
0.907 |
|
|
2] Unsecured Loans |
0.133 |
0.120 |
0.120 |
|
|
TOTAL BORROWING |
0.391 |
2.248 |
1.027 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.542 |
4.038 |
2.778 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.775 |
1.917 |
2.139 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.116 |
0.102 |
0.084 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.854
|
2.419 |
3.230 |
|
|
Sundry Debtors |
3.597
|
4.342 |
4.290 |
|
|
Cash & Bank Balances |
3.994
|
1.612 |
0.483 |
|
|
Other Current Assets |
0.709
|
0.680 |
0.499 |
|
|
Loans & Advances |
0.341
|
0.333 |
0.296 |
|
Total
Current Assets |
10.495
|
9.386 |
8.798 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
8.015
|
6.960 |
7.991 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.829
|
0.407 |
0.252 |
|
Total
Current Liabilities |
8.844
|
7.367 |
8.243 |
|
|
Net Current Assets |
1.651
|
2.019 |
0.555 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.542 |
4.038 |
2.778 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
45.094 |
38.764 |
42.701 |
|
|
|
Other Income |
0.111 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
45.205 |
38.764 |
42.701 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Materials |
31.376 |
28.197 |
30.854 |
|
|
|
Manufacturing Expenses |
4.648 |
4.074 |
4.534 |
|
|
|
Salaries and Wages |
0.815 |
0.763 |
0.697 |
|
|
|
Administrative Expenses |
5.111 |
4.593 |
3.979 |
|
|
|
Selling Expenses |
0.222 |
0.637 |
1.609 |
|
|
|
Increase (Decrease) in Stock |
0.454 |
(0.430) |
0.186 |
|
|
|
TOTAL (B) |
42.626 |
37.834 |
41.859 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.579 |
0.930 |
0.842 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.214 |
0.270 |
0.254 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.365 |
0.660 |
0.588 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.314 |
0.339 |
0.392 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.051 |
0.321 |
0.196 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.690 |
0.132 |
0.124 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.361 |
0.189 |
0.072 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.021 |
0.000 |
|
|
|
Proposed Dividend |
0.000 |
0.150 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1.361 |
0.018 |
0.072 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
7.177 |
8.792 |
8.930 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
0.140 |
0.218 |
0.070 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
226.83 |
31.50 |
12.00 |
|
Expected Sales (2011-2012) : Rs. 45.000 Millions
The above information has been parted by Mr. P. R. Patel.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.01
|
0.49 |
0.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
45.48
|
0.83 |
0.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.56
|
2.81 |
1.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.65
|
0.18 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.93
|
5.37 |
5.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19
|
1.27 |
1.07 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
PARTIAL DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Acharya Shri Atma Ram Jain Charitable
Trust |
0.004 |
0.004 |
0.000 |
|
Ceramco Detal Clinic, Mumbai |
0.000 |
0.037 |
0.000 |
|
A. N. Fabricators |
0.044 |
0.027 |
0.053 |
|
Ankit Services |
0.000 |
0.040 |
0.006 |
|
Gati Limited |
0.110 |
0.133 |
0.119 |
|
Green Fab (India) |
0.029 |
0.058 |
0.000 |
|
Hetal Tools |
0.003 |
0.002 |
0.003 |
|
Jhanvi Trading Company |
0.083 |
0.024 |
0.001 |
|
JSP Enterprises |
0.175 |
0.093 |
0.154 |
|
Krupa Plastics |
0.019 |
0.026 |
0.039 |
|
Shivshakti Tools Scrap |
0.000 |
0.000 |
0.001 |
|
Shree Brhamanti Industries |
0.000 |
0.000 |
0.054 |
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
------ |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last three years |
Yes |
|
12. Profitability for last three years |
No |
|
13. Reasons for variation <> 20% |
No |
|
14. Estimation for coming financial year |
Yes |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
No |
|
17. Major suppliers |
Yes |
|
18. Major customers |
Yes |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
------ |
|
29. Last accounts filed at ROC |
------ |
|
30. Major Shareholders, if available |
------ |
FUTURE PLAN:
The management has decided to intensify the activities of trading, investment
and exports and is hopeful to generate revenue out of the said activities.
INDUSTRIAL
RELATIONS:
The company continued to maintain harmonious and cordial relation with
its workers of factory.
FORM 8
|
Corporate
identity number of the company |
U85199GJ1994PTC023652 |
|
Name of the
company |
PLANTECH MEDICAL
SYSTEMS PRIVATE LIMTIED |
|
Address of the
registered office or of the principal place of business in |
58, Tirupati Estate, Behind Ambarcinema, Opposite Saraspur, Municipal Quarters, Saraspur, Ahmedabad, Gujarat, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Movable property
(not being pledge) |
|
Particular of
charge holder |
State Bank of India, (SMECCC), 201-205, Shukan-II, Swastik Char Rasta Commerce College Road, Navrangpura, Ahmedabad-380009, Gujarat, India |
|
Nature of
instrument creating charge |
Deposit of Titled
- Memorandum, Supplementary Agreement Dated 13.12.2011 AND Letter of
Arrangement |
|
Date of
instrument Creating the charge |
13.12.2011 |
|
Amount secured by
the charge |
Rs. 7.500
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest For C.C. Interest
6.5 % above base rate, For Regular term loan Interest @ 7.25 % above base
rate. For open term loan Interest @ 7.25 % above base rate. Terms of repayment As determined by
the Bank in terms of Sanction letter. Margin Determined by the
Bank in terms of Sanction Extent and operation of the charge To cover the
entire facilities granted by the Bank. |
|
Short particulars
of the property charged (Including location of the property) |
Shed No. 55 and
56 at Tirupati Estate Corporation, Nr. Rangshala Compound, Saraspur,
Ahmedabad – 380024. |
|
Charge
identification number of the charge to be modified |
90103871 |
|
Date of
instrument modifying the charge |
27.11.2006 |
|
Particulars of
the present modification |
Shed No. 55 and
58 at Tirupati Estate Corporation Nr. Rangshala compound , Saraspur,
Ahmedabad under charge ID Rs. 90103871 has been extended for additional Term
loan of Rs. 5.500 millions |
FIXED ASSETS
·
Air Conditioner
·
Cellular Phone
·
Computer
·
Direct Purchase
·
Electric Installation
·
Fax Machine
·
Furniture and Fixtures
·
Machinery
·
Office Equipments
·
Shed Purchase
·
Tools
·
Type Writer
·
Vehicles
·
Water Cooler
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. 52.78 |
|
|
1 |
Rs. 82.33 |
|
Euro |
1 |
Rs. 68.19 |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
44 |
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.