MIRA
INFORM REPORT
|
Report Date : |
06.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
FABCARE GARMENTS AND TEXTILE MACHINERY PRIVATE LIMITED |
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Registered
Office : |
KH No. 90/5 Min (1-19), 90/6 Min (0-15) and 90/4 (1-18), Road No.7, Industrial Area, Mundka South Delhi-110041, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
15.05.2002 |
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Com. Reg. No.: |
55-115368 |
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Capital
Investment / Paid-up Capital : |
Rs. 10.000 Millions |
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CIN No.: [Company Identification
No.] |
U29267DL2002PTC115368 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELF02498G |
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PAN No.: [Permanent Account No.] |
AAACF7934R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Laundry Machines, Industrial Laundry Machines |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 120000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. There
appears slight dip in the turnover. However, profitability of the company
appears to be good. Trade relations are reported to be fair. Business is
active. Payments are reported to be regular and as per commitments. The company can be considered for normal 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.
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 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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.
INFORMATION PARTED BY
|
Name : |
Mr. Janesar |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-11-64646637 |
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Date : |
05.10.2012 |
LOCATIONS
|
Registered Office : |
KH No. 90/5 Min (1-19), 90/6 Min (0-15) and 90/4 (1-18), Road No.7, Industrial Area, Mundka South Delhi-110041, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
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Factory : |
90/5, 90/6, Road No-7, Mundka Industrial Area, New Delhi-110008, India
|
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Tel. No.: |
91-11-64646637/64646634 |
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Fax No.: |
91-11-41539873 |
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Sales Office : |
504, Padma Towers-II, Rajendra Place, New Delhi-110008, India |
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Tel. No.: |
91-11-41539090 / 45049090 |
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Fax No.: |
91-11-41539873 |
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Email : |
DIRECTORS
AS ON 27.09.2011
|
Name : |
Mr. Abhay Arya |
|
Designation : |
Director |
|
Address : |
81, Agh 10, Sunder Apartments, Paschim Vihar, Delhi-110087, India |
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Date of Birth/Age : |
12.12.1980 |
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Date of Appointment : |
15.05.2002 |
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DIN No.: |
00888497 |
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Name : |
Mr. Jitender Arya |
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Designation : |
Managing Director |
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Address : |
81, Agh 10, Sunder Apartments, Paschim Vihar, Delhi-110087, India |
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Date of Birth/Age : |
26.01.1955 |
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Date of Appointment : |
15.05.2002 |
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DIN No.: |
00888450 |
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Name : |
Mr. Abhinav Arya |
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Designation : |
Director |
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Address : |
81, Agh 10, Sunder Apartments, Paschim Vihar, Delhi-110087, India |
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Date of Birth/Age : |
15.03.1978 |
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Date of Appointment : |
15.05.2002 |
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DIN No.: |
00888473 |
KEY EXECUTIVES
|
Name : |
Mr. Janesar |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2011
|
Names of Shareholders |
No. of Shares |
|
Jitendra Arya |
600000 |
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Abhinav Arya |
200000 |
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Abhay Arya |
200000 |
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TOTAL
|
1000000 |
AS ON 05.12.2011
|
Names of Allottees |
No. of Shares |
|
HBN Diaries and Allied Limited, India |
54000 |
|
Pyramid Leasing Private Limited, India
|
26000 |
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TOTAL
|
80000 |
AS ON 27.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors and relatives of directors |
100.00 |
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TOTAL |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Laundry Machines, Industrial Laundry Machines |
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Products : |
·
Washing Machine ·
Drying Tumbler ·
Hydro Extractor |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Washing Machine |
Pcs. / Nos. |
230 |
73 |
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Drying Tumbler |
Pcs. / Nos. |
250 |
120 |
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Hydro Extractors |
Pcs. / Nos. |
180 |
75 |
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Other Allied Machines |
Pcs. / Nos. |
550 |
326 |
GENERAL INFORMATION
|
Suppliers : |
·
Adarsh Electricals ·
P K Trading Company ·
Sehgal Mehta and Company ·
S K Jain Distributors ·
Techno-Tech Marketing (India) Private Limited ·
Swastic Electrical Works ·
Jindal Stainless Steel Way Limited ·
Oberoi Paints Private Limited ·
Kesaria Rubber Industries (Private) Limited |
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Customers : |
·
Wholesalers ·
Retailers |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
·
Axis Bank Limited, 4/10, OPG House, Asaf Ali
Road, New Delhi-110002, India ·
Standard Chartered Bank, 10, Parliament Street,
New Delhi-110001, India ·
HDFC Bank ·
Andhra Bank ·
Punjab National Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sehgal Mehta and Company Chartered Accountant |
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Address : |
10173/2, Abdul Aziz Road, W.E.A. Karol Bagh, New Delhi-110005, India |
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Tel. No.: |
91-11-28753629 / 28752398 |
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Fax No.: |
91-11-28752398 |
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E-Mail : |
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PAN No.: |
AACFS2420G |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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AS ON 27.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
2080000 |
Equity Shares |
Rs.10/- each |
Rs. 20.800 Millions |
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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 |
10.000 |
10.000 |
10.000 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
22.303 |
14.786 |
6.857 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
32.303 |
24.786 |
16.857 |
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LOAN FUNDS |
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1] Secured Loans |
26.928 |
42.915 |
49.860 |
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2] Unsecured Loans |
13.107 |
7.421 |
11.725 |
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TOTAL BORROWING |
40.035 |
50.336 |
61.585 |
|
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DEFERRED TAX LIABILITIES |
0.0000 |
0.000 |
0.000 |
|
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SECURITY |
9.418 |
4.986 |
0.000 |
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|
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TOTAL |
81.756 |
80.108 |
78.442 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
63.635 |
57.580 |
51.605 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
|
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DEFERREX TAX ASSETS |
1.198 |
0.346 |
0.024 |
|
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
20.281
|
28.749 |
38.765 |
|
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Sundry Debtors |
8.978
|
11.397 |
8.117 |
|
|
Cash & Bank Balances |
0.582
|
0.695 |
0.422 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
7.470
|
7.196 |
7.823 |
|
Total
Current Assets |
37.311
|
48.037 |
55.127 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7.616
|
14.727 |
|
|
|
Other Current Liabilities |
9.824
|
9.814 |
|
|
|
Provisions |
3.000
|
1.314 |
1.797 |
|
Total
Current Liabilities |
20.440
|
25.855 |
28.314 |
|
|
Net Current Assets |
16.871
|
22.182 |
26.813 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.052 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
81.756 |
80.108 |
78.442 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
85.337 |
102.501 |
85.290 |
|
|
|
Labour Charges |
0.000 |
0.259 |
0.728 |
|
|
|
Rent Received |
0.000 |
12.116 |
7.858 |
|
|
|
Other Income |
15.604 |
1.454 |
1.760 |
|
|
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TOTAL (A) |
100.941 |
116.330 |
95.636 |
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
82.668 |
69.188 |
|
|
|
Administrative and Selling
Expenses |
|
20.452 |
16.498 |
|
|
|
TOTAL (B) |
83.143 |
103.120 |
85.686 |
|
|
|
|
|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.798 |
13.210 |
9.950 |
|
|
|
|
|
|
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|
Less |
FINANCIAL
EXPENSES (D) |
2.856 |
0.000 |
0.000 |
|
|
|
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|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.942 |
13.210 |
9.950 |
|
|
|
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|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.783 |
3.597 |
3.271 |
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|
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|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
10.159 |
9.613 |
6.679 |
|
|
|
|
|
|
|
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|
Less |
TAX (H) |
2.148 |
0.993 |
1.733 |
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|
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|
|
|
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|
PROFIT AFTER TAX
(G-H) (I) |
8.011 |
8.620 |
4.946 |
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|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
0.705 |
0.000 |
|
|
|
Commission Earnings |
0.000 |
0.000 |
0.843 |
|
|
TOTAL EARNINGS |
0.000 |
0.705 |
0.843 |
|
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|
|
|
|
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IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.821 |
0.387 |
0.350 |
|
|
TOTAL IMPORTS |
0.821 |
0.387 |
0.350 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.01 |
8.62 |
4.95 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.94
|
7.41 |
5.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.90
|
9.38 |
7.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.95
|
9.07 |
6.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.39 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.87
|
3.07 |
5.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.83
|
1.86 |
1.95 |
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 |
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 |
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 |
Yes |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
Yes |
|
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 |
OPERATIONS AND
PROSPECTS
The profit for the
year before depreciation, interest, exceptional items and taxation was
Rs.17.799 Millions against Rs.19.352 Millions in the previous year registering
decrease of approximately 8.03%. The sales (net of excise) were Rs 85.337
Millions as against sales of 102.501 Millions in the previous year. However,
the profit after interest and depreciation was Rs.10.159 Millions as against
Rs.9.612 Millions of the last year. The increase in net profit was mainly
attributable to increase in other income which included rent earned on Manesar
Plant amounting to Rs. 12.337 Millions (P Y Rs. 12.116 Millions) and profit on
sale of Assets of Rs. 1.824 Millions (P.Y. Nil).
The directors
considered this result to be satisfactory. Looking into encouraging trends of
sales and averaged demand in the current financial year, the outlook of the
future seems bright.
FORM 8
|
Corporate
identity number of the company |
U29267DL2002PTC115368 |
|
Name of the
company |
FABCARE GARMENTS
AND TEXTILE MACHINERY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
KH No. 90/5 Min (1-19), 90/6 Min (0-15) and 90/4 (1-18), Road No.7, Industrial Area, Mundka South Delhi-110041, India |
|
This form is for |
Modification of charge |
|
Charge
identification number of the charge to be modified |
10145173 |
|
Type of charge |
·
Immovable
property |
|
Particular of
charge holder |
Axis Bank Limited, 4/10, OPG House, Asaf Ali Road, New Delhi-110002,
India |
|
Nature of instrument
creating charge |
Memorandum Of
Entry Evidencing Extension Of Equitable Mortgage. |
|
Date of
instrument Creating the charge |
23.05.2011 |
|
Amount secured by
the charge |
Rs. 26.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest As per sanction
letter no. Axis B/NDZO/ADV/2011-12/594 dated 04.04.2011 to be amended from
time to time. Terms of repayment As per sanction
letter no. Axis B/NDZO/ADV/2011-12/594 dated 04.04.2011 to be amended from
time to time. Margin As per sanction
letter no. Axis B/NDZO/ADV/2011-12/594 dated 04.04.2011 to be amended from
time to time. Extent and operation of the charge Extent and
Operation - 100% Other The Above Is To
Secure The Following :- Cash Credit under
MSE Power Scheme = RS. 26.000
Millions Letter of Credit
(as sublimit of CC facility) =
(RS.10.000 Millions) Bank Guarantee
(as sublimit of CC facility) =
(RS.10.000 Millions) |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation By
Way Of First Charge Over All Present And Future Current Assets And Movable
Fixed Assets (Excluding Vehicles) Of The Company Stored Or To Be Stored At
The Company's Godowns Or Premises Or Wherever Else The Same May Be. |
|
Date of
instrument modifying the charge |
09.05.2011 |
|
Particulars of
the present modification |
Revised Credit
Facilities of Rs. 26.000 Millions Shall be Secured Extension of Equitable Mortgage
Over Company's Industrial Plot No. 12, Measuring 4050 Sq. Mtrs And Industrial
Plot No. 13, Measuring 4050 Sq. Mtrs. Both In Sector-6, Industrial Estate,
Ch. Devilal Imt Manesar, Gurgaon (Haryana) Together With All Buildings and
Structures Thereon or to be Thereon. |
FIXED ASSETS
·
Land
·
Building
·
Car
·
Scooter
·
Motor Car
·
Machinery
·
Generator
·
Cycle
·
Water Cooler
·
Mobile Phone
·
Furniture and Fixtures
·
Water Jar
·
Fire Extinguisher
·
Goods Lift
·
Digital Camera
·
Fan with Day Light Dume
·
Refrigerator
·
Fax
·
Air Conditioner
·
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 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. 51.61 |
|
|
1 |
Rs. 83.57 |
|
Euro |
1 |
Rs. 67.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.