MIRA
INFORM REPORT
|
Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
LCL LOGISTIX (INDIA) PRIVATE LIMITED (w.e.f. 10.03.2008) |
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Formerly Known
As : |
LCL AGENCIES ( |
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Registered
Office : |
220, Sai Commercial Centre, 2nd Floor, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
15.05.1998 |
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Com. Reg. No.: |
11-114936 |
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Capital
Investment / Paid-up Capital : |
Rs.62.857 Millions |
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|
|
CIN No.: [Company Identification
No.] |
U63090MH1998PTC114936 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUML03908C |
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PAN No.: [Permanent Account No.] |
AACL2287K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Agent of Freight Forwarding and Handling Services |
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|
No. of Employees
: |
500 (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 2320000 |
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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
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 |
INFORMATION PARTED BY
|
Name : |
Mr. Mayank Chaturvedi |
|
Designation : |
HR Head |
|
Contact No.: |
91-9820196829 (Mr. Mayank) |
|
Date : |
21.05.2012 |
LOCATIONS
|
Registered Office : |
220, Sai Commercial Centre, 2nd Floor, |
|
Tel. No.: |
91-22-66409906 / 66409999 / 66409900 |
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Mobile No.: |
91-9820196829 (Mr. Mayank) |
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Fax No.: |
91-22-25552693 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
|
Branches: |
·
Mumbai ·
·
Chennai |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Unnikrishnan Nair |
|
Designation : |
Chairman and Managing Director |
|
Address : |
B-12, Apna CHS Limited, Sector 15, Vashi, Navi Mumbai, Thane-400 703, |
|
Date of Birth/Age : |
31.05.1961 |
|
Qualification : |
BA |
|
Experience : |
25 Years |
|
Date of Appointment : |
15.05.1998 |
|
DIN No.: |
00529083 |
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|
|
|
Name : |
Mr. Pullampilakath J. Prakashkumar |
|
Designation : |
Director |
|
Address : |
15-C, Cloud Nine, Opposite Passport Office, Vidya Nagar, |
|
Date of Birth/Age : |
12.03.1959 |
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Qualification : |
BA |
|
Experience : |
21 Years |
|
Date of Appointment : |
01.07.2006 |
|
DIN No.: |
00024564 |
|
Last Employment: |
LCL Agencies (South) Private Limited |
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|
|
|
Name : |
Mr. Arup Chatterjee |
|
Designation : |
Managing Director |
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Address : |
99-5-11, |
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Date of Birth/Age : |
05.08.1961 |
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Qualification : |
B.Com (Hons), CA ICWAI |
|
Experience : |
28 Years |
|
Date of Appointment : |
01.07.2006 |
|
DIN No.: |
00424118 |
|
Last Employment: |
Cargo Management Services Private Limited |
|
|
|
|
Name : |
Ms. Shagun Kapur |
|
Designation : |
Director |
|
Address : |
11, Silver Arch, |
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Date of Birth/Age : |
23.03.1975 |
|
Date of Appointment : |
21.06.2008 |
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DIN No.: |
01714304 |
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|
|
|
Name : |
Mr. Venkiteswaran Subramaniam |
|
Designation : |
Director |
|
Address : |
A - 7 and 8, Lloyds Garden, 7th Floor, Appasaheb Marathe
Marg, Worli, Mumbai-400 025, |
|
Date of Birth/Age : |
22.01.1941 |
|
Date of Appointment : |
25.05.2011 |
|
DIN No.: |
00006111 |
KEY EXECUTIVES
|
Name : |
Mr. Shourabh Sharma |
|
Designation : |
Secretary |
|
Address : |
Flat No. 3A-804, 8th Floor, NG |
|
Date of Birth/Age : |
23.07.1978 |
|
Date of Appointment : |
04.04.2011 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Unnikrishnan G. Nair |
1,549,339 |
24.65 |
|
Jaya Unnikrishnan Nair |
688,597 |
10.95 |
|
Ravindranath K. Menon |
654,171 |
10.41 |
|
Jaison George |
550,878 |
8.76 |
|
Cargo Management Services Private Limited |
806,266 |
12.83 |
|
LCL Freight Solutions Private Limited |
583,218 |
9.28 |
|
LCL Agencies (South) Private Limited |
464,423 |
7.39 |
|
Tuscan Ventures Private Limited |
943,380 |
15.01 |
|
Manas B. Nandi |
5,050 |
0.08 |
|
Rajeev Y. Kumar |
5,050 |
0.08 |
|
Kakumamu K. Sriramamurthy |
5,050 |
0.08 |
|
Rajesh Pappu Vazhappillil |
5,050 |
0.08 |
|
Sandeep P. Balkrishnan |
5,050 |
0.08 |
|
Rosy C. John |
5,050 |
0.08 |
|
Samuel Joseph Kirubakaran |
5,050 |
0.08 |
|
V. Kingston |
5,058 |
0.08 |
|
Mugilan P. Sundarajan |
5050 |
0.08 |
|
Total |
6,285,730 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
44.51 |
|
Directors or relatives of Directors |
54.77 |
|
Others |
0.72 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Agent of Freight Forwarding and Handling Services |
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Services: |
·
Freight Forwarders ·
Shipping Agents ·
Logistics Services ·
Air Freight ·
Sea Freight ·
Warehousing ·
Distribution Services |
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Exports : |
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Products : |
Shipping Goods |
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Countries : |
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Imports : |
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Products : |
Shipping Goods |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit (30 days / 60 days) |
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Purchasing : |
L/C, Cash and Credit (30 days / 60 days) |
GENERAL INFORMATION
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Customers : |
Corporate |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
·
Axis Bank, Govandi Branch, Mumbai, ·
Bank of India, Sion Branch, 29, Amba Bhavan, Rani
Laxmi Chowk, Sion (East), Mumbai-400 022, Maharashtra, India. |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
P. Subramaniam and Associates Chartered Accountant |
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Address : |
106, Appolo Arcade, R. K. Singh Marg, Mogra Pada, Andheri (East),
Mumbai-400 069, Maharashtra, India. |
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PAN.: |
AAKPS6992H |
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Subsidiaries : |
·
Zamorin Container Lines Private Limited,
CIN No.: U63013MH2005PTC153475 ·
Ocean Gate Container Terminals Private Limited CIN No.: U34203MH2008PTC188656 LCL Canada Limited, |
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Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives: |
·
LCL Logistics Private Limited, CIN No.: U63090MH1999PTC117928 ·
Cargo Management Services Private Limited, CIN No.: U35111WB1998PTC086443 ·
Cargo Management Services Private Limited, ·
LCL Freight Solutions Private Limietd, CIN No.: U74140WB2002PTC094430 ·
CMS Shipping Agency Private Limited, CIN No.: U63090WB2002PTC094761 ·
Chatterjee Holdings and Fiscal Company Private
Limited, CIN No.:U70101WB1998PTC086612 ·
LCL Agencies South Private Limited, CIN No.: U63090KL2003PTC016056 ·
Freightlog Forwarders India Private Limited, CIN No.: U61100TN1999PTC042180 ·
Dyne Infotech Private Limited, CIN No.: U72900MH2000PTC127367 ·
Bayland Vacations Private Limited, CIN No.: U63040KL1997PTC011235 ·
Tuscan Ventures Private Limited, CIN No.: U63030MH2007PTC173887 ·
Interlink Maritime Services Private Limited, CIN No.: U63090WB1999PTC084027 |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Millions |
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6285730 |
Equity Shares |
Rs.10/- each |
Rs.62.857
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 |
62.858 |
62.232 |
59.019 |
|
|
2] Share Application Money |
48.500 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
468.937 |
363.353 |
282.269 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
580.295 |
425.585 |
341.288 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
287.548 |
229.199 |
215.324 |
|
|
2] Unsecured Loans |
5.247 |
7.922 |
17.462 |
|
|
TOTAL BORROWING |
292.795 |
237.121 |
232.786 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
873.090 |
662.706 |
574.074 |
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
373.800 |
329.217 |
304.487 |
|
|
Capital work-in-progress |
33.359 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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INVESTMENT |
7.577 |
10.412 |
7.577 |
|
|
DEFERREX TAX ASSETS |
5.367 |
1.087 |
8.078 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
471.830
|
337.410 |
310.314 |
|
|
Cash & Bank Balances |
69.822
|
65.229 |
67.203 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
286.713
|
242.871 |
248.965 |
|
Total
Current Assets |
828.365
|
645.510 |
626.482 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
227.390
|
219.318 |
258.023 |
|
|
Other Current Liabilities |
54.693
|
41.905 |
0.000 |
|
|
Provisions |
93.295
|
62.297 |
114.527 |
|
Total
Current Liabilities |
375.378
|
323.520 |
372.550 |
|
|
Net Current Assets |
452.987
|
321.990 |
253.932 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
873.090 |
662.706 |
574.074 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
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Administrative Expenses |
|
|
|
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|
Advertising Expenses |
|
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|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
120.132 |
55.524 |
44.834 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
23.893 |
18.837 |
14.424 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
96.239 |
36.687 |
30.410 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
187.651 |
156.444 |
129.075 |
|
|
|
|
|
|
|
|
|
Add |
Tax Adjustment for earlier years |
0.000 |
(3.354) |
0.000 |
|
|
|
Adjustment for resting of Gratuity as per AS-15 |
0.000 |
1.544 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Surplus available for Appropriation |
283.890 |
191.321 |
159.485 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
9.625 |
3.670 |
3.041 |
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
274.265 |
187.651 |
156.444 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
156.730 |
170.665 |
274.042 |
|
|
TOTAL EARNINGS |
156.730 |
170.665 |
274.042 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.31 |
5.89 |
NA |
|
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.99
|
6.29 |
5.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.13 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.15
|
1.32 |
1.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.21
|
1.99 |
1.68 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U63090MH1998PTC114936 |
|
Name of the
company |
LCL LOGISTIX ( |
|
Address of the
registered office or of the principal place of business in |
220, Sai Commercial Centre, 2nd Floor, Email: unninair@lclshipping.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10315240 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Axis Bank
Limited, Pipavav, Near GPPL Main Gate No.1, Four Lane Road, Pipavav,
Gujarat- 365 560, India Email: suyashri@vsnl.com |
|
Nature of
instrument creating charge |
1. Link Document
For Earmarking of Limit 2. Letter from
Axis Bank Both dated
04.10.2011 modifying a single charge. |
|
Date of
instrument Creating the charge |
04/10/2011 |
|
Amount secured by
the charge |
Rs.843.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As per Sanction Letter (SL) No. 0146/2011-12 dated 24.06.2011 of Axis
Bank, SL No. 324/2011 dated 25.06.2011 of DBS Bank Limited and SL dated 21.06.2011
of Citibank or as stipulated by Banks from time to time. Terms of repayment As per Sanction Letter (SL) No. 0146/2011-12 dated 24.06.2011 of Axis
Bank, SL No. 324/2011 dated 25.06.2011 of DBS Bank Limited and SL dated
21.06.2011 of Citibank or as stipulated by Banks from time to time. Margin As per Sanction Letter (SL) No. 0146/2011-12 dated 24.06.2011 of Axis
Bank, SL No. 324/2011 dated 25.06.2011 of DBS Bank Limited and SL dated
21.06.2011 of Citibank or as stipulated by Banks from time to time. Extent and operation of the charge Within total limit of Rs.843.000 millions (Axis Bank-Rs.593.000
millions, Citi Bank-Rs.50.000 millions and DBS-Rs.200.000 millions), within
its limit of Rs.593.000 millions, the Axis Bank permitted BG limit upto Rs.25.000
millions to M/s Ocean Gate Container Terminals Private Limited by earmarking
unutilised portion of Rs.25.000 millions out of BG limit of Rs.100.000
millions made available to the Company. The security of Fixed Assets at
Pipavav and Haldia CFS Location, given earlier shall continue as security. Others The immovable. properties are given by way of 1st charge for TL
granted by Axis Bank and by way of 2nd pari passu charge for Working Capital
limits granted by Axis Bank, Citi Bank and DBS Bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
EM by deposit of
Title Deeds relating to immovable properties. of Company viz. piece and
parcel of land bearing S. No.76,77,78 and 79 at Mouje Bherai, Taluka-Rajula,
District Amreli. |
|
Particulars of
the present modification |
Within total
limit of Rs.843.000 millions (Axis Bank-Rs.593.000 millions, Citi
Bank-Rs.50.000 millions and DBS-Rs.200.000 millions), within its limit of
Rs.593.000 millions, the Axis Bank permitted BG limit upto Rs.25.000 millions
to M/s Ocean Gate Container Terminals Private Limited by earmarking
unutilised portion of Rs.25.000 millions out of BG limit of Rs.100.000
millions made available to the Company. The security of Fixed Assets at
Pipavav and Haldia CFS Location, given earlier shall continue as security. |
FIXED ASSETS:
·
Land
·
Office Premises
·
Office Equipments
·
Computer and Printers
·
Furniture and Fixtures
·
Vehicles
·
Trucks / Trialors
·
CFS
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.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPTP |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.