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Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
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Name : |
A AND A INTERNATIONAL TRADING PRIVATE LIMITED |
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Registered
Office : |
6-5/140 Block, 5, Kaviarasu Kannadasan Nagar, Kodungaiyur,
Chennai-600018, Tamilnadu |
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Country : |
India |
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Date of
Incorporation : |
15.09.2009 |
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Com. Reg. No.: |
18-072930 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U52590TN2009PTC072930 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Coal. |
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No. of Employees
: |
17 [Approximately] |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a successor of A and A International Trading, a proprietory
concern started in the year 2004. It is an established company having
moderate track. The management has not filed the financials of the company
with the government departments since its inception. However, trade relations
are reported as fair. Business is active. Payments are unknown. 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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Saikumar Perambur Karunakara Masilamani |
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Designation : |
Managing Director |
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Contact No.: |
91-9444928625 |
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Date : |
14.02.2012 |
LOCATIONS
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Registered Office : |
6-5/140 Block, 5, Kaviarasu Kannadasan Nagar, Kodungaiyur, Chennai-600018,
Tamilnadu, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9444928625 [Mr. Saikumar Perambur Karunakara Masilamani] |
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Fax No.: |
Not Available |
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E-Mail : |
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Correspondence Address: |
No. 160, K.V. Apartments, B 7 Block, 3rd Floor, Melpati
Ponnapan Street, Perambur, Chennai-600039, Tamilnadu, India |
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Tel No.: |
91-44-43529797/25594355 |
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Fax No.: |
91-44-25589602 |
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Email: |
DIRECTORS
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Name : |
Mr. Saikumar Perambur Karunakara Masilamani |
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Designation : |
Managing Director |
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Address : |
6-5/140 Block, 5, Kaviarasu Kannadasan Nagar, Kodungaiyur,
Chennai-600018, Tamilnadu, India |
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Date of Birth/Age : |
24.02.1963 |
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Date of Appointment : |
15.09.2009 |
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Din No.: |
02741423 |
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Other Directorship:
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Name : |
Mr. Jaya Kumar Masilamani |
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Designation : |
Director |
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Address : |
No. 53, Kamarajar Nagar, Chennai-600039, Tamilnadu, India |
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Date of Birth/Age : |
26.12.1973 |
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Date of Appointment : |
15.09.2009 |
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Din No.: |
02716478 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 02.09.2009
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Names of Shareholders |
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No. of Shares |
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Saikumar Perambur Karunakara Masilamani |
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6000 |
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Jaya Kumar Masilamani |
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4000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Trader of Coal. |
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Imports : |
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Products : |
Coal |
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Countries : |
·
Indonesia ·
South Africa ·
Australia |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
L/C / Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
·
Gupta Coal India Limited ·
Coastal Energen Private Limited |
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Customers : |
End Users ·
Sakthi Sugars Limited ·
OPG Power ·
Kanish Steel Industries Limited |
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No. of Employees : |
17 [Approximately] |
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Bankers : |
IDBI Bank Limited, IDBI Tower, WTC Complex, Cuffe Parade,
Mumbai-400005, Maharashtra, India |
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Facilities : |
Letter of Credit Rs.35.000 Millions |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Rama Swamy and Murli Associates
Chartered Accountants |
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Address : |
Chennai, Tamilnadu, India |
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Associates/Subsidiaries : |
A and A Logistics |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2011 |
31.03.2010 |
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Sales Turnover [Approximately] |
|
1100.000 |
660.000 |
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[By issuing LC
limit] |
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Expected Sales (2011-12) : Rs.1300.000 Millions.
The above information has been parted by Mr. Saikumar Perambur
Karunakara Masilamani.
LOCAL AGENCY FURTHER INFORMATION
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Check List by
Info Agents |
Available in
Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter’s background |
-- |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last two years |
Yes |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
Yes |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
Yes |
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18) Major customers |
Yes |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
Yes |
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21) Market information |
-- |
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22) Litigations that the firm / promoter involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
-- |
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29) Last accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
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Charge
identification number of the modified |
10190340 |
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Corporate identity
number of the company |
U52590TN2009PTC072930 |
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Name of the
company |
A AND A INTERNATIONAL TRADING PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
6-5/140 Block, 5, Kaviarasu Kannadasan Nagar, Kodungaiyur,
Chennai-600018, Tamilnadu, India |
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Type of charge |
Book Debts Others |
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Particular of
charge holder |
IDBI Bank Limited, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai-400005,
Maharashtra, India Email: g.thanabalan@idbi.co.in
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Nature of
description of the instrument creating or modifying the charge |
Supplemental Loan
cum hypothecation dated 14.06.2011 |
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Date of
instrument Creating the charge |
14.06.2011 |
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Amount secured by
the charge |
Rs.52.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest For LCBD of Rs.20.000
Millions: Minimum of FTP + 25 bps For LC of
Rs.32.000 Millions: As per card rate Terms of
Repayment For LCBD of
Rs.20.000 Millions: Repayable on demand For LC of
Rs.32.000 Millions: As per usance period
Margin For LCBD of
Rs.20.000 Millions: As stipulated by the bank For LC of
Rs.32.000 Millions: 25% cash margin (In form of fixed deposit maintained with
IDBI Bank) Extent and
Operation of the charge Charge on the
lien over bills purchased under LC, shall be held as security by the bank, till
the complete closure of the revised overall credit limit of Rs.52.000
millions, together with interests, costs, charges and all other expenses,
which may accrue and be debited into the appreciate account (s) from time to
time. Others The revised overall
credit limit of Rs.52.000 millions, consists of: For LCBD of
Rs.20.000 Millions For LC of
Rs.32.000 Millions |
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Short particulars
of the property charged |
Lien over bills
discounted under LC |
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Date of latest
modification prior to the present modification |
16.11.2009 |
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Particulars of
the present modification |
The credit limit
availed by the company from IDBI Bank Limited, 115, Anna Salai Branch,
Saidapet, Chennai-600015, has been revised from Rs.95.000 millions to Rs. 52.000
millions [consisting of (a) LCBD of Rs.20.000 millions, and (b) LC of
Rs.32.000 millions] and is secured by the lien over bills purchased under LC.
|
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.49.90 |
|
|
1 |
Rs.78.15 |
|
Euro |
1 |
Rs.65.09 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
3 |
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--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 |
|
27 |
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.