MIRA INFORM
REPORT
|
Report Date : |
21.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHAMPALI GARDEN PRIVATE LIMITED (w.e.f.02.03.2004) |
|
|
|
|
Formerly Known
As : |
KHOPOLI FISH FARMING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Hincon House, 11th Floor, 247 Park, Lal Bahadur Shastri
Marg, Vikhroli (West), Mumbai-400083, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
24.01.1983 |
|
|
|
|
Com. Reg. No.: |
11-029171 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 19.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05000MH1983PTC029171 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter, Wholesalers and Retailers of Agriculture and
Horticulture Products |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 180000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having moderate track. The
company has been successful in wiping off the accumulated losses of the
previous years. Trade relations are reported as fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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) |
|
India |
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 : |
Hincon House, 11th Floor, 247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai-400083, Maharashtra, India |
|
Tel. No.: |
91-22-25775958 |
|
Mobile No.: |
91-9923734737 (Mr. Shivaji Sawant) |
|
Fax No.: |
91-22-25775957 |
|
E-Mail : |
|
|
|
|
|
Plant : |
Vashivali Post, Varsai Taluka, Pen Khapulim Road, District Raigad,
Pen-402107, Maharashtra, India |
|
Tel. No.: |
91-2143-202455 |
|
Fax No.: |
91-2143-282440 |
DIRECTORS
AS ON 10.06.2011
|
Name : |
Mr. Ajit Gulabchand |
|
Designation : |
Director |
|
Address : |
94, 9th floor NCPA Apartment, Sir D Tata Road, Nariman
Point, Mumbai-400021, Maharashtra, India |
|
Date of Birth/Age : |
28.06.1948 |
|
Date of Appointment : |
05.02.2004 |
|
Election ID No.: |
ISD 1563477 |
|
DIN No.: |
00010827 |
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 |
L45200MH1926PLC001228 |
HINDUSTAN
CONSTRUCTION COMPANY LIMITED |
Managing
director |
01-04-08 |
03-03-83 |
- |
Active |
NO |
|
2 |
L31500MH1938PLC009887 |
BAJAJ
ELECTRICALS LIMITED |
Director |
21-08-90 |
21-08-90 |
- |
Active |
NO |
|
3 |
U67120MH1992PLC066854 |
HINCON
FINANCE LIMITED |
Director |
20-05-92 |
20-05-92 |
- |
Active |
NO |
|
4 |
L51500MH1926PLC001255 |
THE INDIAN
HUME PIPE COMPANY LIMITED |
Director |
04-02-93 |
04-02-93 |
- |
Active |
NO |
|
5 |
U65990MH1979PTC021171 |
SHALAKA
INVESTMENT PRIVATE LIMITED |
Director |
26-07-93 |
26-07-93 |
- |
Active |
NO |
|
6 |
U45203MH1954PLC040180 |
HINCON
TECHNOCONSULT LIMITED |
Director |
20-09-94 |
20-09-94 |
- |
Active |
NO |
|
7 |
U67120MH1996PLC102787 |
HINCON
HOLDINGS LIMITED |
Director |
24-09-96 |
24-09-96 |
- |
Active |
NO |
|
8 |
L24239MH1967PLC013739 |
BRABOURNE
ENTERPRISES LIMITED |
Director |
25-06-97 |
25-06-97 |
13-06-08 |
Amalgamated |
NO |
|
9 |
U67120MH1985PLC037511 |
WESTERN
SECURITIES LIMITED |
Director |
19-09-97 |
19-09-97 |
- |
Active |
NO |
|
10 |
U55101MH2000PLC187834 |
LAVASA
CORPORATION LIMITED |
Director |
24-02-03 |
24-02-03 |
- |
Active |
NO |
|
11 |
U91110MH2003GAP140231 |
GULABCHAND
FOUNDATION |
Director |
30-04-03 |
30-04-03 |
- |
Active |
NO |
|
12 |
U05000MH1983PTC029171 |
CHAMPALI
GARDEN PRIVATE LIMITED |
Director |
05-02-04 |
05-02-04 |
- |
Active |
NO |
|
13 |
U70100MH2005PLC154004 |
HCC
REAL ESTATE LIMITED |
Director |
15-06-05 |
15-06-05 |
- |
Active |
NO |
|
14 |
U92413MH1999NPL121885 |
MOTORSPORTS
ASSOCIATION OF INDIA |
Director |
30-09-05 |
30-09-05 |
- |
Active |
NO |
|
15 |
U52208MH2007PLC176631 |
CHAROSA
WINERIES LIMITED |
Director |
11-12-07 |
11-12-07 |
- |
Active |
NO |
|
16 |
L24232MH2007PLC169354 |
RPG
LIFE SCIENCES LIMITED |
Director |
27-08-08 |
06-02-08 |
- |
Active |
NO |
|
17 |
U45202MH2008PLC178890 |
HCC
CONCESSIONS LIMITED |
Director |
14-02-08 |
14-02-08 |
03-11-10 |
Active |
NO |
|
18 |
U45200MH2009PLC190725 |
HCC
CONSTRUCTION LIMITED |
Director |
05-03-09 |
05-03-09 |
- |
Active |
NO |
|
19 |
U74900MH2009PTC192541 |
SARAMA
PETCARE PRIVATE LIMITED |
Director |
21-05-09 |
21-05-09 |
- |
Active |
NO |
|
20 |
U72900MH2009PLC197299 |
HIGHBAR
TECHNOLOGIES LIMITED |
Director |
25-11-09 |
25-11-09 |
- |
Active |
NO |
|
21 |
U45400MH2010PLC210944 |
HCC
INFRASTRUCTURE COMPANY LIMITED |
Director |
13-12-10 |
13-12-10 |
- |
Active |
NO |
|
22 |
U45203MH2011FLC221029 |
STEINER
INDIA LIMITED |
Director |
17-08-11 |
17-08-11 |
- |
Active |
NO |
|
Name : |
Mr. Krishna Gajanan Tendulkar |
|
Designation : |
Director |
|
Address : |
6, Annapurna Farms Panchkutir Lake, Boulevard Road, Hiranandani
Gardens, Powai, Mumbai-400076, Maharashtra, India |
|
Date of Birth/Age : |
04.02.1954 |
|
Date of Appointment : |
05.02.2004 |
|
DIN No.: |
00017995 |
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 |
U51900MH1993PTC070623 |
SHIVALAYA
GARDEN PRIVATE LIMITED |
Director |
02-02-93 |
02-02-93 |
- |
Active |
NO |
|
2 |
U67120MH1992PLC066854 |
HINCON
FINANCE LIMITED |
Director |
15-09-93 |
15-09-93 |
- |
Active |
NO |
|
3 |
L45200MH1926PLC001228 |
HINDUSTAN
CONSTRUCTION COMPANY LIMITED |
Director |
11-06-10 |
08-11-93 |
- |
Active |
NO |
|
4 |
U67120MH1996PLC102787 |
HINCON
HOLDINGS LIMITED |
Director |
19-09-97 |
19-09-97 |
- |
Active |
NO |
|
5 |
U01100MH1999PTC122747 |
DEVASHISH
GARDEN PRIVATE LIMITED |
Director |
25-05-00 |
25-05-00 |
- |
Active |
NO |
|
6 |
U91110MH2003GAP140231 |
GULABCHAND
FOUNDATION |
Director |
30-04-03 |
30-04-03 |
- |
Active |
NO |
|
7 |
U05000MH1983PTC029171 |
CHAMPALI
GARDEN PRIVATE LIMITED |
Director |
05-02-04 |
05-02-04 |
- |
Active |
NO |
|
8 |
U45203MH2005PLC152028 |
PUNE-PAUD
TOLL ROAD COMPANY LIMITED |
Director |
17-03-05 |
17-03-05 |
- |
Active |
NO |
|
9 |
U70100MH2005PLC154004 |
HCC
REAL ESTATE LIMITED |
Director |
15-06-05 |
15-06-05 |
- |
Active |
NO |
|
10 |
U55101MH2000PLC187834 |
LAVASA
CORPORATION LIMITED |
Director |
06-06-06 |
25-10-05 |
16-07-10 |
Active |
NO |
|
11 |
U45201MH2006PLC163478 |
HRL
TOWNSHIP DEVELOPERS LIMITED |
Director |
02-08-06 |
02-08-06 |
21-04-08 |
Active |
NO |
|
12 |
U45201MH2006PLC163515 |
HRL (THANE)
REAL ESTATE LIMITED |
Director |
03-08-06 |
03-08-06 |
21-04-08 |
Active |
NO |
|
13 |
U45202MH2008PLC178890 |
HCC
CONCESSIONS LIMITED |
Director |
14-02-08 |
14-02-08 |
22-11-10 |
Active |
NO |
|
14 |
U45200MH2009PLC190725 |
HCC
CONSTRUCTION LIMITED |
Director |
05-03-09 |
05-03-09 |
- |
Active |
NO |
|
15 |
U52208MH2007PLC176631 |
CHAROSA
WINERIES LIMITED |
Director
appointed in casual vacancy |
20-04-09 |
20-04-09 |
- |
Active |
NO |
|
16 |
U72900MH2009PLC197299 |
HIGHBAR
TECHNOLOGIES LIMITED |
Director |
25-11-09 |
25-11-09 |
- |
Active |
NO |
|
17 |
U45203MH2011FLC221029 |
STEINER
INDIA LIMITED |
Director |
17-08-11 |
17-08-11 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 10.06.2011
|
Names of Shareholders |
No. of Shares |
|
Ajit Gulabchand |
1520000 |
|
Krishna G. Tendulkar |
380000 |
|
Total |
1900000 |
AS ON 10.06.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter, Wholesalers and Retailers of Agriculture and
Horticulture Products |
|
|
|
|
Products : |
Agriculture and Horticulture Products |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Union Bank of India, Narimo Point Branch, 239,
Vidhan Marg, Mumbai-400021, Maharashtra, India ·
Corporation Bank, Powai Branch, BG-1, Delphi,
Orchard Avenue, Hiranandani Business Park, Powai, Mumbai-400076, Maharashtra,
India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mehta and Pai Chartered Accountant |
|
Address : |
B-16, Everest, 3rd Floor, Tardeo Road, Mumbai-400034,
Maharashtra, India |
|
Pan No.: |
AAFFM5366C |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1900000 |
Equity Shares |
Rs.10/- each |
Rs. 19.000
Millions |
|
|
|
|
|
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 |
19.000 |
19.000 |
19.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
28.310 |
27.000 |
27.000 |
|
|
4] (Accumulated Losses) |
0.000 |
(4.646) |
(6.922) |
|
|
NETWORTH |
47.310 |
41.354 |
39.078 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.598 |
0.352 |
9.140 |
|
|
2] Unsecured Loans |
3.500 |
3.500 |
0.000 |
|
|
TOTAL BORROWING |
7.098 |
3.852 |
9.140 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
54.408 |
45.206 |
48.218 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
33.430 |
33.496 |
33.880 |
|
|
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 |
4.917
|
1.686 |
1.431 |
|
|
Sundry Debtors |
3.143
|
5.578 |
6.538 |
|
|
Cash & Bank Balances |
10.612
|
2.736 |
4.671 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
3.642
|
2.650 |
1.975 |
|
Total
Current Assets |
22.314
|
12.650 |
14.615 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.999
|
2.202 |
2.087 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.050
|
0.000 |
0.000 |
|
Total
Current Liabilities |
2.049
|
2.202 |
2.087 |
|
|
Net Current Assets |
20.265
|
10.448 |
12.528 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.713 |
1.262 |
1.810 |
|
|
|
|
|
|
|
|
TOTAL |
54.408 |
45.206 |
48.218 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
28.233 |
22.479 |
20.730 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
22.226 |
20.203 |
18.682 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
22.226 |
20.203 |
18.682 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.007 |
2.276 |
2.048 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.050 |
0.000 |
0.014 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
5.957 |
2.276 |
2.034 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
0.936 |
4.132 |
4.201 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
5.327 |
3.861 |
2.438 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.14 |
1.20 |
1.08 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
21.10
|
10.13 |
9.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.78
|
4.93 |
4.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.06 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.19
|
0.15 |
0.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
10.89
|
5.74 |
7.00 |
LOCAL AGENCY FURTHER INFORMATION
NOTE: Registered office has
been shifted from Hincon House L B S Marg, Vikhroli (West), Mumbai-400083,
Maharashtra, India to the present address w.e.f.16.11.2011.
OPERATIONS
The financial year
ended 31st March 2011, the income from operations aggregated to Rs.
28.233 Millions as against Rs. 22.479 Millions in the previous year,
registering an increase of over 25%. The Company has posted a profit after tax
of Rs. 5.957 Millions as against Rs. 2.276 Millions in the previous year, an
increase of about 160%.
FORM 8
|
Corporate identity
number of the company |
U05000MH1983PTC029171 |
|
Name of the
company |
CHAMPALI GARDEN
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Hincon House, 11th Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai-400083, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Corporation Bank, Powai Branch, BG-1, Delphi, Orchard Avenue, Hiranandani Business Park, Powai, Mumbai-400076, Maharashtra, India |
|
Nature of
instrument creating charge |
Memorandum of
deposit of title deeds |
|
Date of
instrument Creating the charge |
19.01.2011 |
|
Amount secured by
the charge |
Rs. 13.563
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest ROI =12.25%
and/or as stipulated by bank from time to time Terms of repayment Term Loan Will Be
Repaid Within 72 Months, In 60 Monthly Installments of Rs. 0.226 Million Each
And 60 The Installment Being Rs. 0.229 Million With An Initial Repayment
Holiday of 12 Months. The Interest Debited During The Repayment Holiday Shall
Be Recovered As And When Debited From The Existing Income And Thereafter
Interest Debited To Be Collected Along With The Installments As And When It
Fall Due And / Or As Stipulated By Bank From Time To Time Margin 30% and/or as
stipulated by bank from time to time Extent and operation of the charge First charge
(present and future) = agriculture term loan = Rs.13.563 Millions And/or as
stipulated by bank from time to time Other As Stipulated By
Bank From Time To Time And As Per
Sanction Letter of The Bank |
|
Short particulars
of the property charged (Including location of the property) |
First Charge
(Pesent And Future)Regt Mortgage of All That Piece or Parcel of Land or
Ground Bearing Survey No 45 Hissa No 1a And 1b (I) Admeasuring 17.34
Acres Equivalent To 70213 Sq. Mtrs or
There About Situate At Village Vashivali, Taluka Pen District Raigad,
Registration District Raigad And Sub District Pen |
FIXED ASSETS
·
Freehold Land
·
Buildings
·
Furniture and Fixtures
·
Cold Storage
·
Vehicles
·
Air Conditioner
·
Equipment and
Installations
·
Irrigation System
·
Green House
·
Communication Equipment
·
Computer
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. 50.32 |
|
|
1 |
Rs. 77.96 |
|
Euro |
1 |
Rs. 65.30 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
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.