1. Summary Information
|
|
|
Country |
India |
|
Company Name |
RAG TRADE (INDIA) PRIVATE LIMITED |
Principal Name 1 |
Neeru Bhargava |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sunil Bhargava |
|
|
|
Registration # |
55-035799 |
|
Street Address |
1303/ 90 Tri Nagar, Delhi – 110035 |
||
|
Established Date |
07.04.1989 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Not Available |
Product Name 1 |
Readymade Garments |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
2,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors – 100% |
Banking |
Canara Bank |
|
Public Limited Corp. |
No |
Business Period |
23 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
14,053,000 |
Current Liabilities |
11,159,000 |
|
Inventories |
32,173,000 |
Long-term Liabilities |
31,849,000 |
|
Fixed Assets |
28,898,000 |
Other Liabilities |
1,701,000 |
|
Deferred Assets |
0 |
Total Liabilities |
44,709,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
28,415,000 |
|
|
|
Net Worth |
30,415,000 |
|
Total Assets |
75,124,000 |
Total Liab. & Equity |
75,124,000 |
|
Total Assets (Previous Year) |
77,436,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
96,139,000 |
Net Profit |
1,591,000 |
|
Sales(Previous yr) |
89,895,000 |
Net Profit(Prev.yr) |
1,521,000 |
|
Report Date : |
10.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
RAG TRADE (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1303/ 90 Tri Nagar, Delhi – 110035 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
07.04.1989 |
|
|
|
|
Com. Reg. No.: |
55-035799 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL1989PTC035799 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR09229D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR0993A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Readymade Garments. |
|
|
|
|
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 120000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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 : |
1303/ 90 Tri Nagar, Delhi – 110035, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
A-168, Sector-63, Gautam Nagar, District Noida, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4620500 |
|
Fax No.: |
91-120-4620531 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
A-85, Sector-57, Noida District, Gautam Nagar, Uttar Pradesh, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Neeru Bhargava |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
396 Sector 15A Noida – 201301, Uttar Pradesh, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
27.06.1959 |
||||||||||||||||||||||||
|
Date of Appointment : |
13.10.2011 |
||||||||||||||||||||||||
|
DIN No.: |
05106711 |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Sunil Bhargava |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
396 Sector 15A Noida – 201301, Uttar Pradesh, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
08.01.1957 |
||||||||||||||||||||||||
|
Date of Appointment : |
07.04.1989 |
||||||||||||||||||||||||
|
DIN No.: |
00903825 |
||||||||||||||||||||||||
|
Other Directorship: |
|
||||||||||||||||||||||||
|
|||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Bhargava |
|
9500 |
|
Sanjeev Sareen |
|
9500 |
|
Lavina Sareen |
|
500 |
|
Neeru Bhargava |
|
500 |
|
Total |
|
20000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Readymade Garments. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Canara Bank, B-39, 1st Floor, Overseas
Branch, Connaught Circus, New Delhi – 110001, India ·
Dhanalakshmi Bank Limited |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
·
India Bulls Financial Services Limited ·
Barclays Investments and Loans (India) Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Baweja and Kaul Chartered Accountants |
|
Address : |
306, Corporate Towers, 85-A, Zamrudpur, Opposite N-Block, Greater
Kailash-I, New Delhi – 110048, India |
|
Tel. No.: |
91-11-29231090/ 29248587 |
|
Mobile No.: |
91-9810012809 |
|
Fax No.: |
91-11-29239300 |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFB1274A |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000 |
Equity Share |
Rs. 100/- each |
Rs. 2.000 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 |
2.000 |
2.000 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
28.415 |
26.840 |
25.651 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
30.415 |
28.840 |
27.651 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
27.456 |
22.628 |
22.162 |
|
|
2] Unsecured Loans |
4.393 |
3.143 |
3.914 |
|
|
TOTAL BORROWING |
31.849 |
25.771 |
26.076 |
|
|
DEFERRED TAX LIABILITIES |
0.078 |
0.082 |
0.200 |
|
|
|
|
|
|
|
|
TOTAL |
62.342 |
54.693 |
53.927 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
28.898 |
30.842 |
33.987 |
|
|
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 |
32.173
|
35.503 |
27.600 |
|
|
Sundry Debtors |
5.714
|
3.072 |
1.792 |
|
|
Cash & Bank Balances |
4.079
|
3.077 |
1.984 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
4.260
|
4.942 |
6.783 |
|
Total
Current Assets |
46.226
|
46.594 |
38.159 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.159
|
20.469 |
14.414 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
1.623
|
2.274 |
3.805 |
|
Total
Current Liabilities |
12.782
|
22.743 |
18.219 |
|
|
Net Current Assets |
33.444
|
23.851 |
19.940 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
62.342 |
54.693 |
53.927 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
96.139 |
89.895 |
87.351 |
|
|
|
Other Income |
5.270 |
5.142 |
6.222 |
|
|
|
TOTAL (A) |
101.409 |
95.037 |
93.573 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption of Raw Material |
51.019 |
43.503 |
36.479 |
|
|
|
Manufacturing and Administrative |
44.139 |
40.966 |
46.315 |
|
|
|
Accretion/(Decretion) in stocks |
(2.523) |
1.442 |
(0.735) |
|
|
|
TOTAL (B) |
92.635 |
85.911 |
82.059 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.774 |
9.126 |
11.514 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.125 |
3.319 |
3.828 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.649 |
5.809 |
7.686 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.236 |
3.606 |
3.922 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.413 |
2.201 |
3.764 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.822 |
0.680 |
N.A. |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.591 |
1.521 |
N.A. |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.014 |
0.026 |
N.A. |
|
|
|
|
|
|
|
|
|
Less |
TAXES
PAID FOR EARLIER YEAR WRITTEN OFF |
0.015 |
0.333 |
N.A. |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
1.550 |
1.200 |
N.A. |
|
|
BALANCE CARRIED
TO THE B/S |
0.040 |
0.014 |
0.026 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
79.55 |
76.05 |
N.A. |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.57 |
1.60 |
N.A. |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.51 |
2.45 |
4.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.21 |
2.84 |
5.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.08 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.47 |
1.68 |
1.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.62 |
2.05 |
2.09 |
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 |
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51909DL1989PTC035799 |
|
Name of the
company |
RAG TRADE (INDIA)
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1303/ 90, Tri
Nagar, Delhi - 110035, India Email ID: ragtradeindia@airtelmail.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
Canara Bank,
B-39, 1st Floor, Overseas Branch, Connaught Circus, New Delhi – 110001, India Email ID: ca_rcg@yahoo.co.in
|
|
Nature of
description of the instrument creating or modifying the charge |
Common
Hypothecation Agreement dated 11.08.2012 and Letter evidencing extension of
equitable mortgage alongwith Schedule A & B dated 11.08.2012 |
|
Date of
instrument Creating the charge |
11.08.2012 |
|
Amount secured by
the charge |
Rs. 1.200
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest @ 4.50% over ongoing
Base Rate of the Bank ie 15% p.a. at present at monthly rest Terms of Repayment Repayable in 12
quarterly instalments of Rs. 0.010 Millions each commencing from 3 months
after the date of disbursement till the entire loan with interest and other charges
is repaid in full. Interest to be
paid as and when debited/due even during moratorium period. Margin 31.82% Extent and Operation of the charge 100% Others To secure all amounts
payable under Term Loan of Rs. 1.200 Millions granted to the Company together
with all interests, costs, charges, expenses etc. |
|
Short particulars
of the property charged |
Hypothecation of
all plant and machinery purchased or to be purchased out of the Term Loan
granted by the Bank installed/stored or to be installed/stored at Company's
premises or at any other place(s) including those in transit. Collaterally
secured by all existing plant and machinery and all other fixed assets of the
Company and equitable mortgage of immovable properties of the Company
situated at Plot No. 168, Sector-63, Noida, Ghaziabad (UP) |
FIXED ASSETS:
·
Factory Land
·
Factory Building
·
Flat
·
Plant and Machinery
·
Generators Sets
·
Computers
·
Photo Copier
·
Furniture and Fixture
·
Fans and Air Conditioner
·
Office Equipment
·
Vehicle
·
Cycle
·
Electrical Installation
·
Fire Fighting Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] 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. 55.52 |
|
|
1 |
Rs. 88.49 |
|
Euro |
1 |
Rs. 70.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.