MIRA
INFORM REPORT
|
Report Date : |
17.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered Office
: |
74/20, Amar Colony, |
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|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.07.1998 |
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|
|
|
Com. Reg. No.: |
55-095010 |
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|
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Capital Investment
/ Paid-up Capital : |
Rs. 12.172
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20219DL1998PTC095010 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM05405B |
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PAN No.: [Permanent Account No.] |
AAACM9651J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Timber and Plywood. |
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|
|
|
No. of Employees
: |
105 (Approximately) |
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 250000 |
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|
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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.
INFORMATION PARTED BY
|
Name : |
Mr. Sanjay Gupta |
|
Designation : |
Marketing Head |
|
Contact No.: |
91-11-25281917 |
|
Date : |
11.09.2012 |
LOCATIONS
|
Registered / Head Office : |
74/20, Amar Colony, |
|
Tel. No.: |
91-11-25281917 / 25473073 / 65492567/ 25473279 |
|
Mobile No. : |
91-9825226436 (Mr. Sunil Gupta) |
|
Fax No.: |
91-11-25473080 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 yard |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
3/819 Navjivan Commercial Co Operative Society Limited, |
|
Tel. No.: |
91-22-23054746 / 23095453 |
|
Fax No.: |
91-22-23052076 |
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Factory : |
564/65, National Highway-8, Mikyrahar Road, Gandhigram, Gujarat, India
|
|
Area : |
39 Acre |
|
Location : |
Owned |
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Branch Office 1 : |
Timber Market, |
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Branch Office 2 : |
Plot No. 489, No. 8A, Mithi Ronar Road, Gandhidham, Gujarat, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Dwarka Prasad Gupta |
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Designation : |
Director |
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Address : |
M-434, Guru Harikishan Nagar, Paschim Vihar, |
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Date of Birth/Age : |
55 Years |
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Qualification : |
H.S.C. |
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Date of Appointment : |
01.11.2005 |
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DIN No.: |
00308082 |
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Other Directorship: |
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Name : |
Mr. Radhey Shyam Gupta |
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Designation : |
Additional director |
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|
Address : |
M-256, Guru Harikishan Nagar, Paschim Vihar, |
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Date of Birth/Age : |
41 Years |
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Qualification : |
H.S.C. |
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Date of Appointment : |
01.07.2004 |
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DIN No.: |
00312993 |
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Other Directorship: |
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Name : |
Mr. Sunil Kumar Gupta |
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|
Designation : |
Director |
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|
Address : |
M-434, Guru Harikishan Nagar, Paschim Vihar, |
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|
Date of Birth/Age : |
35 Years |
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Qualification : |
B.Com |
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Date of Appointment : |
15.07.1998 |
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DIN No.: |
00328429 |
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Other Directorship: |
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||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mahesh Chand Gupta |
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|
Designation : |
Director |
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|
Address : |
M-434, Guru Harikishan Nagar, Paschim Vihar, |
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|
Date of Birth/Age : |
44 Years |
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Qualification : |
H.S.C |
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Date of Appointment : |
15.07.1998 |
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DIN No.: |
00328448 |
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Other Directorship: |
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KEY EXECUTIVES
|
Name : |
Mr. Sanjay Gupta |
|
Designation : |
Marketing Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Sunil Kumar Gupta |
271000 |
|
Mahesh Chand Gupta |
101000 |
|
|
105990 |
|
Giriraj Gupta |
102500 |
|
Banarsidevi Gupta |
85500 |
|
Meva Devi Gupta |
75000 |
|
Kiran Devi Gupta |
2500 |
|
|
30000 |
|
Radhey Shyam Gupta |
91500 |
|
Meena Devi Gupta |
35000 |
|
Dwarka Prasad Gupta |
25000 |
|
Sirajul A Siddiqui |
40000 |
|
Sanjay Kumar Gupta |
90000 |
|
|
29000 |
|
Kamal Kishore Bansal Joint With Amit Agarwal |
100 |
|
Sunil Kumar Bansal Joint With Sandeep Singh
Cheema |
100 |
|
Kavita Bansal Joint With Ansh Gupta |
100 |
|
Omprakash Gupta Joint With Pankaj Kumar
Gupta |
10 |
|
Manju Gupta |
5000 |
|
Hemlata Gupta |
5000 |
|
Ansh Gupta |
5000 |
|
Ramkali Devi Bansal |
100 |
|
Srisaran Suppliers M Private Limited, India |
117750 |
|
|
|
|
Total |
1217150 |
|
Names of Allottees |
No. of Shares |
|
Srisaran Suppliers Private Limited, India |
18125 |
|
Ablaze Investrate Private Limited, India |
125000 |
|
Total |
143125 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
9.70 |
|
Directors
or relatives of directors |
|
90.30 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Timber and Plywood. |
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|
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Products : |
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|
|
|
|
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|
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Imports : |
|
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Products : |
Timber Plywood |
|
Countries : |
·
Malaysia ·
New Zealand |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit 30 Days to 60 Days |
|
|
|
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Purchasing : |
L/C, Cash and Credit 30 Days to 60 Days |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers ·
End Users |
|||||||||||||||||||||||||||||||||
|
|
|
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|
No. of Employees : |
105 (Approximately) |
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|
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|
Bankers : |
· Corporation
Bank, Overseas Branch, M - 93, Connaught Place, New Delhi - 110001, India |
|||||||||||||||||||||||||||||||||
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|
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Facilities : |
CC – Rs. 600.000 Millions [Corporation Bank]
|
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
B. Maheshwari and Company Chartered Accountants |
|
Address : |
302 B, City
Point, Near Kohinoor Hotel, A K Road, Andheri (East), Mumbai - 400059, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFB4519J |
CAPITAL STRUCTURE
AFTER 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,360,275 |
Equity Share |
Rs.10/- each |
Rs. 13.603
Millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,217,150 |
Equity Share |
Rs.10/- each |
Rs. 12.172
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 |
12.171 |
10.994 |
9.994 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
52.505 |
31.760 |
12.942 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
64.676 |
42.754 |
22.936 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
130.478 |
26.199 |
22.436 |
|
|
2] Unsecured Loans |
35.118 |
7.380 |
8.660 |
|
|
TOTAL BORROWING |
165.596 |
33.579 |
31.096 |
|
|
DEFERRED TAX LIABILITIES |
1.084 |
0.908 |
0.844 |
|
|
|
|
|
|
|
|
TOTAL |
231.356 |
77.241 |
54.876 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
22.035 |
12.674 |
10.915 |
|
|
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 |
201.203
|
82.346 |
75.338 |
|
|
Sundry Debtors |
209.457
|
136.114 |
97.804 |
|
|
Cash & Bank Balances |
51.117
|
43.974 |
21.820 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
17.473
|
13.043 |
10.301 |
|
Total
Current Assets |
479.250
|
275.477 |
205.263 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
236.377
|
201.090 |
153.911 |
|
|
Other Current Liabilities |
21.162
|
0.857 |
3.428 |
|
|
Provisions |
12.390
|
8.963 |
3.963 |
|
Total
Current Liabilities |
269.929
|
210.910 |
161.302 |
|
|
Net Current Assets |
209.321
|
64.567 |
43.961 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
231.356 |
77.241 |
54.876 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
669.647 |
547.843 |
|
|
|
Other Income |
|
4.264 |
1.003 |
|
|
|
TOTAL (A) |
1019.397 |
673.911 |
548.846 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
86.961 |
72.402 |
|
|
|
Administrative Expenses |
|
565.908 |
467.819 |
|
|
|
TOTAL (B) |
1002.124 |
652.869 |
540.221 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
[Including
financial expenses and depreciation] |
21.042 |
8.625 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
4.623 |
2.721 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
16.419 |
5.904 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
1.129 |
1.056 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
17.273 |
15.290 |
4.848 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.126 |
5.472 |
1.574 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
10.147 |
9.818 |
3.274 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
22.760 |
12.942 |
9.668 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
32.907 |
22.760 |
12.942 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
C.I.F Value |
653.550 |
325.512 |
271.767 |
|
|
TOTAL IMPORTS |
653.550 |
325.512 |
271.767 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.34 |
8.93 |
3.28 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
1250.000 |
|
|
|
|
|
Expected Sales ( 2012-2013 ) : Rs. 1500.000 Millions
The above information has been parted by Mr. Sanjay Gupta (Marketing
Head)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.00
|
1.46 |
0.60 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.28
|
0.88
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.45
|
5.31 |
2.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.36 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.73
|
5.72 |
8.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.78
|
1.31 |
1.27 |
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 |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U20219DL1998PTC095010 |
|
Name of the
company |
M.K. WOOD INDIA PRIVATE LIMITED. |
|
Address of the
registered office or of the principal place of business in |
74/20, Amar Colony, E-Mail ID: babulal_gupta1957@yahoo.co.in
|
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10136164 |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Corporation Bank
Overseas Branch, M - 93, Connaught Place, New Delhi - 110001, India E-Mail ID: pankajkpc@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Common deed of hypothecation of Movables/Assets/Debts. |
|
Date of
instrument Creating the charge |
24.12.2011 |
|
Amount secured by
the charge |
Rs. 700.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Rate of Interest
Shall be 13.25% p.a. i.e. Base Rate+2.60% . Terms of Repayment Repayable on
demand subject to annual renewal. Margin 25% on paid stock
and 40% of book debts. Cash Margin 15%. Extent and Operation of the charge Cash Credit : Rs.100.000 Millions Import LC-Buyers
Credit : Rs.600.000 Millions Others -NA- |
|
Short particulars
of the property charged |
Exclusive first
charge on the current assets of the company and movable fixed assets of the
company excluding vehicles which are hypothecated to other lenders. |
|
Date of latest
modification prior to the present modification |
16.09.2010 |
|
Particulars of
the present modification |
The limit stands
enhanced from Rs.452.500 to Rs.700.000 Millions Cash Credit : Rs.
42.500 to Rs.100.000 Millions Import
LC-Buyers : Rs.400.000 to Rs.600.000 Millions Credit Adhoc CC : Rs.
10.000 Millions |
FIXED ASSETS:
- Office
Premises
- Office
Building
- Factory Shed
- Plant and
Machinery
- Furniture and
Fixture
- Electrical
and Installation
- Office
Equipment
- Computers
- Vehicles
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] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 54.73 |
|
|
1 |
Rs. 88.61 |
|
Euro |
1 |
Rs. 71.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
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 |
YES |
|
--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.