|
Report Date : |
12.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
KORADIA EXPORTS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-249/250, Second Floor, Sakar VII, Nehru
Bridge Corner, Ashram Road Ahmedabad-380009, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.05.2004 |
|
|
|
|
Com. Reg. No.: |
04-044098 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.498 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104GJ2004PTC044098 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMK02523D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Candy, Chocolates, Colour Sheets / Coils, Clustered Powder, Chocolate Powder
etc. |
|
|
|
|
No. of Employees : |
Not Available |
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 40000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 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 : |
A-249/250, Second Floor, Sakar VII, Nehru
Bridge Corner, Ashram Road Ahmedabad-380009, Gujarat, India |
|
Tel. No.: |
91-79-25434416 / 25433499 / 26577922 / 26577972 |
|
Fax No.: |
91-79-25431098 / 26577312 |
|
E-Mail : |
DIRECTORS
AS ON 27.09.2010
|
Name : |
Mr. Rajeshbhai Shantilal
Panjwani |
|
Designation : |
Director |
|
Address : |
9/1, Ravindra Park Society, Behind
Government Godown, Danilimd,
Shahalam, Ahmedabad,
Gujarat, India |
|
Date of Birth/Age : |
14.06.163 |
|
Date of Appointment : |
06.05.2004 |
|
PAN No.: |
AETPP7292J |
|
DIN No.: |
00231488 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U15138GJ2004PTC043673 |
PELICAN
CONFECTIONERS PRIVATE LIMITED |
Director |
24/02/2004 |
24/02/2004 |
Active |
NO |
|
2 |
U27104GJ2004PTC044098 |
KORADIA
EXPORTS (INDIA) PRIVATE LIMITED |
Director |
06/05/2004 |
06/05/2004 |
Active |
NO |
|
3 |
U15132MH2007PTC174657 |
REGAL
CREST IMPEX PRIVATE LIMITED |
Director |
03/10/2007 |
03/10/2007 |
Active |
NO |
|
Name : |
Mr. Anil Banubhai Kordia
|
|
Designation : |
Managing Director |
|
Address : |
22, Khoja Society, Near Ved
Mandir Road, Kankaria,
Ahmedabad-380022, Gujarat, India |
|
Date of Birth/Age : |
21.05.1964 |
|
Date of Appointment : |
06.05.2004 |
|
PAN No.: |
ACKPK8775G |
|
DIN No.: |
01188082 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U15131GJ1985PTC007725 |
GUJARAT
FOOD-WEB PRIVATE LIMITED |
Managing
director |
14/03/1985 |
14/03/1985 |
Active |
NO |
|
2 |
U15138GJ2004PTC043673 |
PELICAN
CONFECTIONERS PRIVATE LIMITED |
Managing
director |
24/02/2004 |
24/02/2004 |
Active |
NO |
|
3 |
U27104GJ2004PTC044098 |
KORADIA
EXPORTS (INDIA) PRIVATE LIMITED |
Managing
director |
06/05/2004 |
06/05/2004 |
Active |
NO |
|
4 |
U15132MH2007PTC174657 |
REGAL
CREST IMPEX PRIVATE LIMITED |
Director |
03/10/2007 |
03/10/2007 |
Active |
NO |
|
5 |
U51900GJ2009PTC056740 |
GOLDEN
JUBILEE TRADEX PRIVATE LIMITED |
Director |
28/04/2009 |
28/04/2009 |
Active |
NO |
|
6 |
U85110MH1986GAP039147 |
AGA
KHAN HEALTH SERVICES INDIA |
Director |
13/12/2009 |
13/12/2009 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2010
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Anil Banubhai Kordia |
24790 |
49.78 |
|
Rajeshbhai Shantilal Panjwani |
24890 |
49.98 |
|
Anitben Anilbhai Koradaia |
10 |
0.02 |
|
Rashidaben Babubhai Koradia |
10 |
0.02 |
|
Ishan Anilbhai Koradia |
10 |
0.02 |
|
Ashmit R Bhandari |
10 |
0.02 |
|
Gujarat Food Industries, India |
10 |
0.02 |
|
Rajesh H Dham |
10 |
0.02 |
|
Ushaben Rajesh Dham |
10 |
0.02 |
|
G M Hemani |
10 |
0.02 |
|
Yashmin G Hemani |
10 |
0.02 |
|
Saukat Keshwani |
10 |
0.02 |
|
Pravinbhai R solanki |
10 |
0.02 |
|
Shahina Rajeshbhai Panjwani |
10 |
0.02 |
|
TOTAL |
49800 |
100 |
AS ON 27.09.2010
|
Category |
Percentage |
|
Bodies corporate |
0.02 |
|
Directors or relatives of Directors |
99.84 |
|
Other top fifty shareholders |
0.14 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Candy, Chocolates, Colour Sheets / Coils, Clustered Powder, Chocolate Powder
etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Development Credit Bank Limited, Ground Floor, Prerna Arcade, Opposite Doctor House, Near Primal Garden,
Ahmedabad-380006, Gujarat, India ·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West),
Mumbai-400013, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. S. Patel and Company Chartered Accountant |
|
Address : |
801, Popular House, Near Income Tax Circle, Ashram Road,
Ahmedabad-380009, Gujarat, India |
|
Tel. No.: |
91-79-26588909 / 26583536 / 26585550 |
|
Fax No.: |
91-79-26585551 |
|
E-Mail : |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49800 |
Equity Shares |
Rs.10/- each |
Rs. 0.498
Million |
|
|
|
|
|
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 |
0.498 |
0.498 |
0.498 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9.705 |
4.601 |
1.170 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
10.203 |
5.099 |
1.668 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.467 |
3.296 |
8.742 |
|
|
2] Unsecured Loans |
2.189 |
2.219 |
1.819 |
|
|
TOTAL BORROWING |
10.656 |
5.515 |
10.561 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
20.859 |
10.614 |
12.229 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
14.998 |
15.674 |
16.469 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.836 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.110 |
0.088 |
0.044 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
98.728
|
10.339 |
74.730 |
|
|
Sundry Debtors |
75.129
|
85.136 |
46.608 |
|
|
Cash & Bank Balances |
2.433
|
7.592 |
16.694 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
41.215
|
30.338 |
24.287 |
|
Total
Current Assets |
217.505
|
133.405 |
162.319 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
205.931
|
132.691 |
163.982 |
|
|
Other Current Liabilities |
1.821
|
0.249 |
0.257 |
|
|
Provisions |
7.838
|
5.613 |
2.364 |
|
Total
Current Liabilities |
215.590
|
138.553 |
166.603 |
|
|
Net Current Assets |
1.915
|
(5.148) |
(4.284) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
20.859 |
10.614 |
12.229 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
549.995 |
520.256 |
363.157 |
|
|
|
Director Income |
0.450 |
1.323 |
10.615 |
|
|
|
Other Income |
2.732 |
0.090 |
0.852 |
|
|
|
TOTAL (A) |
553.177 |
521.669 |
374.624 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
491.102 |
358.960 |
318.531 |
|
|
|
Direct Expenses |
127.441 |
79.671 |
85.603 |
|
|
|
Administrative Expenses |
13.743 |
11.368 |
4.354 |
|
|
|
Miscellaneous Expenses |
0.000 |
0.000 |
0.006 |
|
|
|
Increased / (Decreased) in Stock |
(88.388) |
64.392 |
(37.240) |
|
|
|
TOTAL (B) |
543.898 |
514.391 |
371.254 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9.279 |
7.278 |
3.370 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.076 |
1.098 |
1.706 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.203 |
6.180 |
1.664 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.721 |
0.867 |
0.957 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.482 |
5.313 |
0.707 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.378 |
1.882 |
0.289 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.104 |
3.431 |
0.418 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.601 |
1.170 |
0.752 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
9.705 |
4.601 |
1.170 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
1.141 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
486.454 |
404.818 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
102.48 |
68.89 |
8.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.92
|
0.66 |
0.11 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.36
|
1.02 |
0.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.22
|
3.56 |
0.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.73
|
1.04 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
22.17
|
28.25 |
106.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01
|
0.96 |
0.97 |
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) |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if
available |
No |
NOTE
Registered Office of the company has been shifted from 7, Swagat Complex, Opposite Rollwala
Petrol Pump, Near Shelat Bhauvan,
Maninagar, Ahmedabad,
Gujarat, India to the present address w.e.f.
03.06.2008.
REVIEW OF
BUSINESS:
During the year looking to the overall economy, progress of their
company was satisfactory but directors are exploring various opportunities to
enhance it’s activities.
FORM 8
|
Corporate
identity number of the company |
U27104GJ2004PTC044098 |
|
Name of the
company |
KORADIA EXPORTS
(INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
A-249/250, Second Floor, Sakar VII, Nehru Bridge Corner, Ashram Road Ahmedabad-380009, Gujarat, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Development Credit Bank Limited, Ground Floor, Prerna
Arcade, Opposite Doctor House, Near Primal Garden, Ahmedabad-380006, Gujarat,
India |
|
Nature of
instrument creating charge |
Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
06.10.2010 |
|
Amount secured by
the charge |
Rs. 8.800 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Terms of repayment On Demand Margin For overdraft against
property - 40% on market value of property, For import LC - 10% in form of
RIC and For forward contract - 10% in form of RIC. Extent and operation of the charge The charge is secured
by way of Hypothecated property for the facility aggregating to Rs. 8.800 millions together with interest, additional
interest, compound interest, commissions, pre-payment charges, costs,
charges, expenses and all other monies payable by the Borrower to the Bank. |
|
Short particulars
of the property charged (Including location of the property) |
The whole of the
moveable properties of the borrower including its moveable’s,
stock in trade, finished goods, goods in progress, raw material, book debts and
other moveable’s. |
FIXED ASSETS
·
Air Conditioner
·
Camera
·
Computer
·
Fax Machine
·
Motor Car
·
Office Equipment
·
Office Furniture
·
Scooter
·
Water Cooler
·
Television
·
New Office Building
·
Land Purchase
·
Bike
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 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. 53.07 |
|
|
1 |
Rs. 84.94 |
|
Euro |
1 |
Rs. 68.23 |
INFORMATION DETAILS
|
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 |
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.