MIRA
INFORM REPORT
|
Report Date : |
10.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
MADHAV COTEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
X/231, 1st Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.01.1997 |
|
|
|
|
Com. Reg. No.: |
55-084235 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 7.622 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17291DL1997PTC084235 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM05944B DELM20837F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM3131G |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of PU Foam
and Coir Jute Mattresses. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (16) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
a huge accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings on a secured 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
X/231, 1st Floor, Raghubarpura-Shahadra Road, Gandhi Nagar,
Delhi-110031, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9811131220 (Mr. Sanjay Jain) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
10/23, 1st Floor, Shahdara Road, Raghubar Pura, Gandhi
Nagar, Delhi-110031, India |
|
|
|
|
Factory : |
Narela – Kanwali Road, Vill, Thana Khurd, Kharkhoda-131402, District-Sonpat
Haryana, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Manohar Lal Vij |
|
Designation : |
Additional Director |
|
Address : |
204, CA apartments, Paschim Vihar, New Delhi-110063, India |
|
Date of Birth/Age : |
08.11.1956 |
|
Date of Appointment : |
02.11.2007 |
|
DIN No.: |
00755522 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L74899DL1987PLC027057 |
STANDARD
CAPITAL MARKETS LIMITED |
Director |
19/02/1987 |
19/02/1987 |
22/03/2007 |
Active |
NO |
|
2 |
U74140DL1991PTC042811 |
VCA ASSOCIATES
PRIVATE LIMITED |
Director |
21/01/1991 |
21/01/1991 |
- |
Active |
NO |
|
3 |
U74899DL1995PLC066921 |
PARTHY
AND WIDGE SECURITIES LIMITED |
Director |
30/03/1995 |
30/03/1995 |
23/09/2009 |
Active |
NO |
|
4 |
U74899DL1991PTC043449 |
JAI VAISHNO
INVESTMENTS PRIVATE LIMITED |
Director |
02/06/2005 |
02/06/2005 |
- |
Active |
NO |
|
5 |
U17291DL1997PTC084235 |
MADHAV
COTEX PRIVATE LIMITED |
Additional
director |
02/11/2007 |
02/11/2007 |
- |
Active |
NO |
|
6 |
U35900UP2008PTC035956 |
SHREESANMATI
AUTOEXPERTS PRIVATE LIMITED |
Director |
04/09/2008 |
04/09/2008 |
23/09/2009 |
Active |
NO |
|
7 |
U74120DL1995PTC067909 |
GSA
CORPORATE ADVISORS PRIVATE LIMITED |
Additional
director |
21/02/2011 |
21/02/2011 |
- |
Active |
NO |
|
Name : |
Mr. Sanjay Kumar Jain |
|
Designation : |
Director |
|
Address : |
C-212, Surajmal Vihar, Delhi-110092, India |
|
Date of Birth/Age : |
08.05.1968 |
|
Date of Appointment : |
26.05.2011 |
|
DIN No.: |
02771020 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U36101DL2009PTC194446 |
BANSAL
POLYFOAM PRIVATE LIMITED |
Director |
17/09/2009 |
17/09/2009 |
18/08/2012 |
Active |
NO |
|
2 |
U17291DL1997PTC084235 |
MADHAV
COTEX PRIVATE LIMITED |
Director |
30/09/2011 |
26/05/2011 |
- |
Active
|
|
|
Name : |
Mr. Vipin Kumar Jain |
|
Designation : |
Director |
|
Address : |
10/231, Raghubar Pura Road, Gandhi Nagar, Delhi-110031, India |
|
Date of Birth/Age : |
16.04.1965 |
|
Date of Appointment : |
26.05.2011 |
|
DIN No.: |
02771023 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U36101DL2009PTC194446 |
BANSAL
POLYFOAM PRIVATE LIMITED |
Director |
17/09/2009 |
17/09/2009 |
18/08/2012 |
Active |
NO |
|
2 |
U17291DL1997PTC084235 |
MADHAV
COTEX PRIVATE LIMITED |
Director |
30/09/2011 |
26/05/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Anil Arora |
72500 |
|
Ashok Vij |
75300 |
|
Kiran Vij |
55500 |
|
Madhu Vij |
77900 |
|
Manju Vij |
37600 |
|
Rekha Arora |
68584 |
|
Standard Capital Markets Limited, India |
200500 |
|
Subhash Narula |
2000 |
|
Manish Vij |
66300 |
|
Manoj Vij |
63200 |
|
Sarita Vij |
42800 |
|
Franklin Leasing and Finance Private Limited, India |
125000 |
|
Grow Fast Realtors Limited, India |
125000 |
|
Rajinder Kumar |
500 |
|
TOTAL
|
1012684 |
AS ON 30.03.2012
|
Names of Allottees |
No. of Shares |
|
Alishan Estates Private Limited, India |
78125 |
|
Markesworth Projects and Developers Private Limited, India |
59375 |
|
Kingfisher Properties Private Limited, India |
15625 |
|
Nisha Sharma |
1000 |
|
TOTAL
|
154125 |
AS ON 22.03.2012
|
Names of Allottees |
No. of Shares |
|
Varun Jain |
18750 |
|
Sonu Bahu HUF |
40625 |
|
Nitin Jain HUF |
31250 |
|
Shyam Lal Jain HUF |
28125 |
|
Shyam Lal Gupta HUF |
31250 |
|
Sushil Kumar Shyam Lal HUF |
6250 |
|
Ranbir Singh HUF |
9375 |
|
Kamlesh |
9375 |
|
TOTAL
|
175000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
44.49 |
|
Directors or relatives of Directors |
55.26 |
|
Other top fifty shareholders |
0.25 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of PU Foam
and Coir Jute Mattresses. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Central Bank of India, 70, Janpat New Delhi,
India ·
Bank of Baroda |
|||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Tiwari and Associates Chartered Accountant |
|
Address : |
1st Floor, Sewak Bhawan, 16/2, Wea, Abdul Aziz Road, Karol
Bagh, New Delhi-110005, India |
|
PAN No.: |
AAAFT0011E |
CAPITAL STRUCTURE
AFTER 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1012684 |
Equity Shares |
Rs.10/- each |
Rs. 10.127
Millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
762184 |
Equity Shares |
Rs.10/- each |
Rs. 7.622
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1341809 |
Equity Shares |
Rs.10/- each |
Rs. 13.418
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 |
7.622 |
7.622 |
7.622 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(17.257) |
(28.878) |
(28.776) |
|
|
NETWORTH |
(9.635) |
(21.256) |
(21.154) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.501 |
31.920 |
32.820 |
|
|
2] Unsecured Loans |
0.980 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
10.481 |
31.920 |
32.820 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.846 |
10.664 |
11.666 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.076 |
13.201 |
13.201 |
|
|
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 |
0.000
|
4.644 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.072 |
0.065 |
|
|
Cash & Bank Balances |
0.836
|
0.015 |
0.190 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.702
|
0.507 |
0.509 |
|
Total
Current Assets |
1.538
|
5.238 |
0.764 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.600 |
2.299 |
|
|
Other Current Liabilities |
6.074
|
7.175 |
0.000 |
|
|
Provisions |
0.694
|
0.000 |
0.000 |
|
Total
Current Liabilities |
6.768
|
7.775 |
2.299 |
|
|
Net Current Assets |
(5.230)
|
(2.537) |
(1.535) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.846 |
10.664 |
11.666 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
|
Income |
23.258 |
0.915 |
1.935 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
23.258 |
0.915 |
1.935 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
10.942 |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
10.942 |
1.017 |
2.057 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
12.316 |
(0.102) |
(0.122) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.694 |
0.000 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
11.622 |
(0.102) |
(0.123) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.52 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
49.97
|
(11.15) |
(6.36) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
161.75
|
(0.55) |
(0.87) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.28)
|
0.00 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(1.79)
|
(1.87) |
(1.66) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.23
|
0.67 |
0.33 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three 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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE
Registered office has
been shifted from 8/28, Wea, Abdul Aziz Road, Karol Bagh, New Delhi-110005,
India to the present address w.e.f. 11.06.2011.
OPERATIONAL RESULTS
The company has
not achieved any major breakthrough, however, it made a small turnover of Rs.
1.975 Millions during the year. The company has also settled its loans and
liabilities with the bankers and accordingly booked a profit of Rs. 12.315
Millions out of one time settlement with the Banks. Company has sold some of
the assets to pay off its Debts. Company is now a Debt free company. The
company has altered its objects clause to diversify its business into
manufacturing and marketing of PU foam. Board of Directors hope to accelerate
its business activities in the future.
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Vehicles
·
Computers
·
Cooler Fans
·
Cycle
·
Furniture’s and Fixtures
·
Generator
·
Office Equipments
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 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. 54.34 |
|
|
1 |
Rs. 86.96 |
|
Euro |
1 |
Rs. 69.42 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
16 |
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.