|
Report Date : |
23.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
LONGULF TRADING ( |
|
|
|
|
Registered
Office : |
Times Square, A Wing, 5th Floor, Unit 1-B, Andheri Kurla
Road, Andheri (East), Mumbai – 400059, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.05.1996 |
|
|
|
|
Com. Reg. No.: |
11-099287 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.870
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1996PTC099287 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUML04586B MUML02293E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL1075D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Raw Materials, Agricultural–Commodities and Engineering Goods. |
|
|
|
|
No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having good track. There appears
sharp dip in the profitability recorded by the company. However, there in no external borrowing financial seems strong. 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 business dealing 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.
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. Santosh |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-67600900 |
|
Date : |
22.10.2012 |
LOCATIONS
|
Registered Office : |
Times Square, A Wing, 5th Floor, Unit 1-B, Andheri Kurla
Road, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-67600900 |
|
Fax No.: |
91-22-66459400/ 67600910 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
Longulf Trading ( |
|
Tel. No.: |
+ 44 (0) 20
77227733 |
|
Fax No.: |
+ 44 (0) 20 77222989 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
|
Longulf Trading ( Room 2006, |
|
Tel. No.: |
+ 86 571 8506 0302 |
|
Fax No.: |
+ 86 571 8506 0332 |
|
E-Mail : |
|
|
|
|
|
Longulf |
|
|
Tel. No.: |
+ 20 2 2414 2810 |
|
Fax No.: |
+ 20 2 2417 7438 |
|
E-Mail : |
|
|
|
|
|
Longulf |
Janka Krala 2, 048 01
Roznava, |
|
Tel. No.: |
+ 421 58 733 1122 |
|
Fax No.: |
+ 421 58 733 1122 |
|
E-Mail : |
|
|
|
|
|
Longulf |
No |
|
Tel. No.: |
+ 98 21 3399 8632 |
|
Fax No.: |
+ 98 21 3398 1653 |
|
E-Mail : |
\DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Dirhem Abdo Saeed Anam |
|
Designation : |
Director |
|
Address : |
1, |
|
Date of Birth/Age : |
21.07.1952 |
|
Date of Appointment : |
30.04.1997 |
|
DIN No.: |
03112379 |
|
|
|
|
Name : |
Mr. Abdul Rahaman Hayel Saeed |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
18.02.1942 |
|
Date of Appointment : |
30.04.1997 |
|
DIN No.: |
|
|
|
|
|
Name : |
Mr. Rajesh Bhagchand Golechha |
|
Designation : |
Director |
|
Address : |
231, Antariksha, K.G. Marg, Prabhadevi, Mumbai – 400 025, |
|
Date of Birth/Age : |
13.08.1964 |
|
Date of Appointment : |
02.03.1998 |
|
DIN No.: |
00037455 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
Frimex Trading L.L.C., |
|
641550 |
|
Neo-Pharma Private Limited, India |
|
345450 |
|
|
|
|
|
Total |
|
987000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Raw Materials, Agricultural–Commodities and Engineering Goods. |
|
|
|
|
Exports : |
|
|
Products : |
· Raw Materials · Agricultural–Commodities · Engineering Goods |
|
Countries : |
Middle East |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
· SSA International |
|
|
|
|
Customers : |
Retailers |
|
|
|
|
No. of Employees : |
45 (Approximately) |
|
|
|
|
Bankers : |
· Axis Bank Andheri (East), Mumbai, Maharashtra, India · Axis Bank Axis House,
Ground Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli,
Mumbai - 400025, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dalal Doctor and Associates Chartered Accountants |
|
Address : |
305, TV Industrial Estate, 248/A, S.K. Marg, Behind Glaxo, Worli,
Mumbai – 400 018, |
|
Tel. No.: |
91-22-66625050 |
|
Mobile No.: |
91-9867555050/ 9867555051 |
|
Fax No.: |
91-22-66627890 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD9379H |
|
|
|
|
Related parties by whom control is exercised : |
· Frimex Trading L.L.C. · Neo Pharma Private Limited |
|
|
|
|
Fellow Subsidiaries : |
·
Longulf Trading ( ·
Omar Kaseem Alesayi Marketing Company Limited ·
National Food Industries Company Limited ·
Untied Carton Industries Company Limited ·
National Biscuit and Confectionery Company
Limited |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs.12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
987000 |
Equity Shares |
Rs.10/- each |
Rs.9.870
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 |
9.870 |
7.000 |
7.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
375.439 |
332.046 |
212.201 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
385.309 |
339.046 |
219.201 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
385.309 |
339.046 |
219.201 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
61.838 |
7.765 |
6.188 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.873 |
0.602 |
0.943 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
187.097
|
52.569
|
215.744
|
|
|
Sundry Debtors |
214.701
|
228.544
|
27.045
|
|
|
Cash & Bank Balances |
145.389
|
133.914
|
5.467
|
|
|
Other Current Assets |
18.301
|
16.189
|
11.010
|
|
|
Loans & Advances |
53.938
|
25.215
|
247.725
|
|
Total
Current Assets |
619.426
|
456.431
|
506.991
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
169.158
|
74.796
|
111.043
|
|
|
Other Current Liabilities |
127.670
|
26.266
|
170.329
|
|
|
Provisions |
4.837
|
24.690
|
13.549
|
|
Total
Current Liabilities |
296.828
|
125.752
|
294.921
|
|
|
Net Current Assets |
322.598
|
330.679
|
212.070
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
385.309 |
339.046 |
219.201 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
2250.922 |
1932.232 |
1579.192 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
2183.091 |
1744.725 |
1442.301 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
67.831 |
187.507 |
136.891 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.484 |
3.252 |
2.612 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
64.347 |
184.255 |
134.279 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.695 |
1.532 |
0.092 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
62.652 |
182.723 |
134.187 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
19.259 |
62.878 |
46.303 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
43.393 |
119.845 |
87.884 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
331.835 |
211.990 |
124.106 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
375.228 |
331.835 |
211.990 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
1932.656 |
1894.013 |
1379.179 |
|
|
|
Commission |
19.919 |
4.275 |
14.282 |
|
|
TOTAL EARNINGS |
1952.575 |
1898.288 |
1393.461 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
43.96 |
171.21 |
125.55 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
3500.000 |
|
|
|
|
|
Expected Sales (2012-13): Rs.4000.000 Millions
The above information has been parted by Mr. Santosh.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.93
|
6.20
|
5.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.20
|
39.36
|
26.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.54
|
0.61 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.77
|
0.37
|
1.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.09
|
3.63
|
1.72 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
- Creditors due others |
169.158
|
74.796
|
111.043
|
|
|
|
|
|
|
Total |
169.158
|
74.796
|
111.043
|
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
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 |
No |
|
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 |
NOTE:
The registered office of the company has been shifted from, B/204,
Citipoint, Andheri Kurla Road, J.B. Nagar, Andheri (East), Mumbai – 400059, Maharashtra,
India, to the present address w.e.f. 24.04.2012.
TRADE REFERENCE:
· SSA International
FORM 8:
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U51900MH1996PTC099287 |
|
Name of the
company |
LONGULF TRADING
(INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B/204, Citipoint,
Andheri Kurla Road, J. B. Nagar, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Type of charge |
Immovable
Property Book Debts Movable Property Others: Stock of
RM, WIP, FG etc. |
|
Particular of
charge holder |
Axis Bank Limited Axis House,
Ground Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli,
Mumbai – 400025, Maharashtra, India CIN No.:
L65110GJ1993PLC020769 |
|
Nature of
description of the instrument creating or modifying the charge |
1. Deed of
hypothecation of current asset (stocks and book debts) dated 28.10.2011 2. No Instrument.
Memorandum of Entry (MOE) Equitable Mortgage by deposit of title deeds on
28.10.2011 both creating a single charge. |
|
Date of instrument
Creating the charge |
28.10.2011 |
|
Amount secured by
the charge |
Rs.300.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest As per sanction letter
No. AXISB/CO/MC-11/AK/0-353/11-12 Dated 7.10.11 or as stipulated by bank from
time to time. Terms of
Repayment As per sanction
letter No. AXISB/CO/MC-11/AK/0-353/11-12 Dated 7.10.11 or as stipulated by
bank from time to time. Margin As per sanction
letter No. AXISB/CO/MC-11/AK/0-353/11-12 Dated 7.10.11 or as stipulated by
bank from time to time. Extent and
Operation of the charge Bank granted
Credit Limits agg. to Rs.300.000 Millions. The limits secured by A. exclusive charge
on present and future stocks of RM, SIP, FG, other Current Assets etc. lying
at Company's premises or in transit, Book debts, O/s monies, bills etc. due
and owing to Company in course of busi. B. Exclusive 1st
charge by Depo. of Title Deeds in respect of Immovable Property. viz. Office/ Unit No. 1B, 5th Floor, A Wing,
Times Square, Andheri (East), Mumbai adm. 3089 sq. ft, alongwith 5 parking
spaces. Others The Limits
covered by the Charge are as under Cash Credit -Rs.
200.000 Millions EPC/PCFC/FBP/FBD/PSCFC
- (Rs.200.000 Millions) (sub limit under
CC) LC/LOU/Buyers
Credit (sub limit under CC) - (Rs.150.000 Millions), BG (sub limit
under CC) - (Rs.50.000 Millions) LER- Rs.100.000
Millions |
|
Short particulars
of the property charged |
Exclusive charge
on present and future stocks of RM, SIP, FG, other Current Assets etc. lying
at Company's premises or in transit, Book debts, O/s monies, bills etc. due
and owing to Company in course of its busi. Excl. 1st charge
by Depo. of Title Deeds in respect of Immovable Prop. viz. Unit No.1B, 5th
Floor., A Wing, Times Square, Andheri (East), Mumbai adm. 3089 sq. ft, + 5
parking spaces. |
FIXED ASSETS:
· Computers
· Furniture and Fixtures
· Office Equipments
· Plant and Machinery
· Motor Car
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.53.72 |
|
|
1 |
Rs.86.14 |
|
Euro |
1 |
Rs.70.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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.