|
Report Date : |
24.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
BLAZEFLASH COURIERS LIMITED |
|
|
|
|
Registered
Office : |
J.K Industrial Estate, Ground Floor, Gala No. 10, Off Mahakali
Caves Road, Opposite MIDC Signal, Andheri, Mumbai – 400093, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
21.04.1986 |
|
|
|
|
Com. Reg. No.: |
11-039618 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64120MH1986PLC039618 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company engaged in Courier Business |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 260000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The
management has failed to file its financial with the government departments
since 2010. However, trade relations are reported as fair. Business is active.
Payments terms are unknown. The company can be considered for business dealings with some
caution. |
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.
INFORMATION DECLINED
Management Non Co-operative
91-22-65887225
LOCATIONS
|
Registered Office : |
J.K Industrial Estate, Ground Floor, Gala No. 10, Off
Mahakali Caves Road, Opposite MIDC Signal, Andheri, Mumbai – 400093,
Maharashtra, India |
|
Tel. No.: |
91-22-26878008/26878013/15 |
|
Fax No.: |
91-22-26878354 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office / Branch Office : |
Blazflash House, 2E/8, Jhandewalan Extension, New Delhi – 110055,
India |
|
Tel. No.: |
91-11-23593301/02/03/04 |
|
Fax No.: |
91-11-43560808 |
|
E-Mail : |
|
|
|
|
|
Regional Office : |
Located at
|
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Sunil Dutt Aggarwal |
|
Designation : |
Managing Director |
|
Address : |
J-382, New Rajendra Nagar, New Delhi, India |
|
Date of Appointment : |
07.04.2001 |
|
DIN No.: |
00006658 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U22219DL1996PTC081153 |
AGGARWALJI
KI PRINTING PRESS PRIVATE LIMITED |
Director |
13/08/1996 |
13/08/1996 |
- |
Active |
NO |
|
2 |
U63090DL1998PTC094323 |
BLAZEX
TRANSPACK PRIVATE LIMITED |
Director |
08/06/1998 |
08/06/1998 |
- |
Active |
NO |
|
3 |
U64120MH1986PLC039618 |
BLAZEFLASH
COURIERS LIMITED |
Managing
director |
03/11/2006 |
07/04/2001 |
- |
Active |
NO |
|
4 |
U91110MH1997NPL106153 |
EXPRESS
INDUSTRY COUNCIL OF INDIA |
Nominee
director |
23/09/2005 |
23/09/2005 |
26/09/2008 |
Active |
NO |
|
5 |
U45201DL2005PTC132514 |
SONA
BUILDTECH PRIVATE LIMITED |
Director |
10/12/2005 |
10/12/2005 |
- |
Active |
NO |
|
6 |
U70109DL2006PTC150166 |
MGB
BUILDTECH PRIVATE LIMITED |
Director |
25/06/2006 |
25/06/2006 |
28/06/2011 |
Active |
NO |
|
7 |
U52100DL2010PTC210662 |
NINE
NORTH RETAIL PRIVATE LIMITED |
Director |
22/11/2010 |
22/11/2010 |
- |
Active |
NO |
|
Name : |
Mr. Sachin Aggarwal |
|
Designation : |
Director |
|
Address : |
J-382, New Rajendra Nagar, New Delhi, India |
|
Date of Appointment : |
29.11.2006 |
|
DIN No.: |
01090704 |
|
|
|
|
Name : |
Mrs. Mamta Aggarwal |
|
Designation : |
Director |
|
Address : |
J-382, New Rajendra Nagar, New Delhi, India |
|
Date of Appointment : |
29.11.2006 |
|
DIN No.: |
00507169 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U22219DL1996PTC081153 |
AGGARWALJI
KI PRINTING PRESS PRIVATE LIMITED |
Director |
13/08/1996 |
13/08/1996 |
- |
Active |
NO |
|
2 |
U63090DL1998PTC094323 |
BLAZEX
TRANSPACK PRIVATE LIMITED |
Director |
08/06/1998 |
08/06/1998 |
- |
Active |
NO |
|
3 |
U64120MH1986PLC039618 |
BLAZEFLASH
COURIERS LIMITED |
Director |
29/11/2006 |
29/11/2006 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Lalit Mohan Bijlani |
|
6666 |
|
Gulshan Mohan Bijlani |
|
667 |
|
Sunil Dutt Aggarwal |
|
8000 |
|
Anil Thakur |
|
1333 |
|
Mamta Aggarwal |
|
1500 |
|
Sushant Bijlani |
|
667 |
|
Nikhlesh Bijlani |
|
667 |
|
Sachin Aggarwal |
|
500 |
|
Total |
|
20000 |
As on 30.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
50.00 |
|
Other top fifty shareholders |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company engaged in Courier Business |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of
India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Dutt and Associates Chartered Accountants |
|
Address : |
219, Anarkali Market, Jhandewalan Extenison, Delhi – 110055, India |
|
Tel. No.: |
91-11-23636777 / 23555777 / 23675478 / 43570377 |
|
Fax No.: |
91-11-23555777 |
|
PAN No.: |
AAAFG2031R |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity shares |
Rs.100/- each |
Rs.2.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.000 |
2.000 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
63.244 |
48.180 |
34.887 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
65.244 |
50.180 |
36.887 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
28.183 |
33.866 |
24.495 |
|
|
2] Unsecured Loans |
50.875 |
49.403 |
43.113 |
|
|
TOTAL BORROWING |
79.058 |
83.269 |
67.608 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.148 |
0.294 |
|
|
|
|
|
|
|
|
TOTAL |
144.302 |
133.597 |
104.789 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.732 |
9.114 |
9.938 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.016 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
224.479
|
214.247 |
201.177 |
|
|
Cash & Bank Balances |
15.293
|
19.973 |
12.338 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
23.267
|
22.961 |
20.807 |
|
Total
Current Assets |
263.039
|
257.181 |
234.322 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
127.485
|
132.698 |
139.471 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
127.485
|
132.698 |
139.471 |
|
|
Net Current Assets |
135.554
|
124.483 |
94.851 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
144.302 |
133.597 |
104.789 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
911.099 |
901.586 |
874.269 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
911.099 |
901.586 |
874.269 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
On board courier and other direct expenses |
479.334 |
480.540 |
478.422 |
|
|
|
Personal expenses |
198.055 |
196.228 |
198.686 |
|
|
|
Administrative and other Expenses |
207.753 |
199.177 |
176.040 |
|
|
|
TOTAL |
885.142 |
875.945 |
853.148 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
25.957 |
25.641 |
21.121 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.911 |
3.134 |
2.506 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
23.046 |
22.507 |
18.615 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.983 |
9.214 |
7.867 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
15.063 |
13.293 |
10.748 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
48.180 |
34.887 |
24.139 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
63.243 |
48.180 |
34.887 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
753.15 |
664.65 |
537.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.65
|
1.47 |
1.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.53
|
2.50 |
2.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.48
|
8.45 |
7.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.45 |
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.17
|
4.30 |
5.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06
|
1.94 |
1.68 |
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 address of the company has been shifted from “Shiv
Shakti Compound, Bajson Industrial Estate, Chakala, Andheri (East), Mumbai –
400099, Maharashtra, India” to the present address w.e.f. 12.12.2011
FINANCIAL RESULTS:
During the period, the company achieved a turnover of Rs. 911.099 Millions in comparison to previous year of Rs. 901.586 Millions. The working results of the company has resulted in net profit of Rs. 23.046 Millions.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U64120MH1986PLC039618 |
|
Name of the company |
BLAZEFLASH COURIERS LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
J.K Industrial Estate, Ground Floor, Gala No. 10, Off Mahakali Caves Road, Opposite MIDC Signal, Andheri, Mumbai – 400093, Maharashtra, India E-mail Id : bfc_del@blazeflash.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge Others (All Current Assets and Movable Fixed Assets) |
|
Particular of charge holder |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India E-mail Id : dlcbcaddelhi@YESBANK.IN |
|
Nature of instrument creating charge |
Deed of Hypothecation dated August 07, 2012 |
|
Date of instrument Creating the charge |
07.08.2012 |
|
Amount secured by the charge |
Rs.30.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit: YES Bank Base Rate plus 2.00% per annum Terms of Repayment Cash Credit: Payable on demand Margin Cash Credit: 25% of [Book Debts (not more than 120 days old) plus Stocks minus Creditors] Extent and Operation of the charge Subservient Charge on all the Current Assets of the Borrower (both present and future) Subservient Charge on all the Movable Fixed Assets of the Borrower (both present and future) |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
Subservient Charge on whole of Current Assets of the Borrower's stocks of raw material, semi finished and finished goods, stores and spares, bills receivables and book debts (both present and future) Subservient Charge on all the Movable Fixed Assets of the Borrower (both present and future) located anywhere in India |
FIXED ASSETS:
WEBSITE DETAILS:
PROFILE
Subject is one of the companies of well known
“BLAZE Group” who were one time the pioneer in cinema media all over India.
BLAZE successfully handled today’s well known brand like Nestle, Dabur,
Hindustan Lever, Godrej, Geoferry Manners, Reckitt and Colman, Roohafja, Vicks
Veporub etc. through the cinema media advertising campaigns of their valued
clients. Blaze also produced some of the feature films directed by Shyam
Benegal with well known actress Shabana Azmi and Nasiruddin Shah. The films
like Ankur, Nishant, Bhumika and Mandi went hit on the Indian screen. The most
popular serial on television was TAMAS which was also produced by "BLAZE
Group". Blaze then diversified in consumer products, Publication, Tours
and Travel and finally subject was launched in 1986.
Subject has emerged as one of the leading
courier companies in the recent years, offering services on Domestic,
International and Intracity at very-very economical rates. In establishing a
strong network, comprising of 378 Self Offices more than 4200. 378 Self Offices
more than 4200.
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.53.91 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
31 |
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.