|
Report Date : |
07.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
ACT INFRAPORT LIMITED |
|
|
|
|
Registered
Office : |
14, Shipping House, Ground Floor, 26, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
05.10.2004 |
|
|
|
|
Com. Reg. No.: |
11-148978 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.40.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2004PLC148978 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Clearing, Forwarding, Cargo
Handling and related agency business. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1128000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
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|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well
established company having a moderate track record. The latest financials are
not available. As per previous
year’s, the performance capability of the company is good. Financially
appears to be strong. Trade relations are reported to be fair. Business is
active. Payments are unknown. The company can
be considered for business dealings with slight caution. Note: Due to technical error in the government sites, we hereby provide you the report with available details and we would provide you with a on the same company as soon as we get the additional information. |
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 DECLINED BY
|
Name : |
Mr. Rajan |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-9824204910 |
|
Date : |
06.02.2013 |
LOCATIONS
|
Registered Office : |
14, Shipping House, Ground Floor, 26, |
|
Tel. No.: |
91-22-66347482/
32947294 |
|
Mobile No.: |
91-9824204910 (Mr. Rajan) 91-9723462349 (Mr. Vinit Sharma) |
|
Fax No.: |
91-22-66347485 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Sector – 1/A, Plot No.285/286, Gandhidham, Kutch District, Kutch – 370
201, |
|
Tel. No.: |
91-2836-229967/ 231734/ 239743 |
|
Fax No.: |
91-2836-238864/ 228465 |
|
|
|
|
Branch Office : |
Located at: · Mundra · Kandla · New Delhi · Mumbai · Mangalore · Cochin · Karwar · Dahej/ Bharuch · Visakhapatnam/Gangavaram ·
Nhava Sheva (JNP) |
DIRECTORS
As on 30.09.2011
|
Name : |
Sujananandan Velayudhan Thundathil |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No.398, Ward 2/B, Adipur, Kutch – 370205, Gujarat, India |
|
Date of Birth/Age : |
01.10.1945 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00535991 |
|
|
|
|
Name : |
Mr. Gopal Sujan Thundathil |
|
Designation : |
Managing Director |
|
Address : |
Plot No.398, Ward 2/B, Adipur, Kutch – 370205, Gujarat, India |
|
Date of Birth/Age : |
09.10.1975 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00536124 |
|
|
|
|
Name : |
Mr. Shanker Sujan Thundathil |
|
Designation : |
Director |
|
Address : |
Plot No.398, Ward 2/B, Adipur, Kutch – 370205, Gujarat, India |
|
Date of Birth/Age : |
09.11.1978 |
|
Date of Appointment : |
05.10.2004 |
|
DIN No.: |
00536241 |
KEY EXECUTIVES
|
Name : |
Mr. Rajan |
|
Designation : |
Chief Finance Officer |
|
E-Mail : |
|
|
|
|
|
Name : |
Mr. Vinit Sharma |
|
Designation : |
Senior Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sujananandan Velayudhan Thundathil |
|
1336200 |
|
Gopal Sujan Thundathil |
|
2025000 |
|
Tulsi Sujan Thundathil |
|
364500 |
|
Sunitbabu Velayudhan Thundathil |
|
100 |
|
Rema Sunitbabu |
|
100 |
|
Vishwakala Mohan Nair |
|
100 |
|
Gauri Gopal Sujan |
|
324000 |
|
|
|
|
|
Total |
|
4050000 |
Equity Share Break up (Percentage of Total Equity)
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 : |
Subject is engaged in the business of Clearing, Forwarding, Cargo
Handling and related agency business. |
|
|
|
|
Services : |
·
Custom House Agent ·
Clearing and Forwarding ·
Stevedoring ·
Shipping Agency ·
Chartering and Shipbroking |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
ICICI Bank Limited, Landmark Race Cource Circle,
Alkapuri, Baroda – 390 015, Gujarat, India ·
Kotak Mahindra Bank Limited, Dr. Yagnik Road,
Nath Complex, 1st Floor, Rajkot – 360 001, Gujarat, India ·
HDFC Bank Limited ·
Axis Bank Limited, Plot No.349, Sector 12B,
Gandhidham – 370 201, Gujarat, India ·
Corporation Bank ·
Punjab National Bank ·
State Bank of India ·
Bank of Baroda ·
Bank of India ·
State Bank of Indore ·
Mehsana Urban Co-Operative Bank Limited |
|||||||||||||||
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|
|||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajesh Vyas and Company Chartered Accountants |
|
Address : |
419E, Joshi Vadi, Room No.4, 3rd Floor, |
|
Income-tax
PAN of auditor or auditor's firm : |
AAJPV6403B |
|
|
|
|
Group Companies
: |
·
ACT Shipping Limited ·
Sujan Multiports Limited ·
Golden Box Oceantrans ·
HHA Tank Terminal Private Limited · Sujan Oil and Gas Infra Logistics |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4050000 |
Equity Shares |
Rs.10/- each |
Rs.40.500
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 |
40.500 |
40.500 |
40.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
241.546 |
145.789 |
51.116 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
282.046 |
186.289 |
91.616 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
52.789 |
25.321 |
16.756 |
|
|
2] Unsecured Loans |
4.605 |
7.892 |
2.994 |
|
|
TOTAL BORROWING |
57.394 |
33.213 |
19.750 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
339.440 |
219.502 |
111.366 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
51.067 |
50.598 |
29.109 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.566 |
0.016 |
0.000 |
|
|
DEFERRED TAX ASSETS |
1.275 |
0.832 |
0.675 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
223.123
|
234.849 |
73.437 |
|
|
Cash & Bank Balances |
158.789
|
76.535 |
50.466 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans, Deposits & Advances |
154.087
|
165.719 |
80.193 |
|
Total
Current Assets |
535.999
|
477.103 |
204.096 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
48.934 |
75.195 |
36.574 |
|
|
Other Current Liabilities |
68.583
|
133.915 |
35.098 |
|
|
Provisions |
135.086
|
100.141 |
51.114 |
|
Total
Current Liabilities |
252.603
|
309.251 |
122.786 |
|
|
Net Current Assets |
283.396
|
167.852 |
81.310 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.136 |
0.204 |
0.272 |
|
|
|
|
|
|
|
|
TOTAL |
339.440 |
219.502 |
111.366 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Clearing, Shipping, Handling and Transport Receipts |
752.653 |
724.263 |
299.534 |
|
|
|
Other Receipts |
10.734 |
10.234 |
7.640 |
|
|
|
TOTAL (A) |
763.387 |
734.497 |
307.174 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Clearing, Shipping, Handling and Transport Expenses |
528.677 |
529.938 |
187.472 |
|
|
|
Administrative and Other Expenses |
76.785 |
50.049 |
41.160 |
|
|
|
TOTAL (B) |
605.462 |
579.987 |
228.632 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
157.925 |
154.510 |
78.542 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.912 |
2.295 |
2.437 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
155.013 |
152.215 |
76.105 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.681 |
8.672 |
10.541 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
144.332 |
143.543 |
65.564 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
48.574 |
48.871 |
21.903 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
95.758 |
94.672 |
43.661 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
145.788 |
51.116 |
47.455 |
|
|
|
|
|
|
|
|
|
|
BONUS
SHARE ISSUED DURING THE YEAR |
0.000 |
0.000 |
(40.000) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
241.546 |
145.788 |
51.116 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
136.215 |
22.822 |
23.878 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
23.64 |
23.38 |
10.78 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
12.54
|
12.89 |
14.21 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
19.18
|
19.82 |
21.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.59
|
27.20 |
28.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51
|
0.77 |
0.72 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.20
|
0.18 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.12
|
1.54 |
1.66 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
(Rs. in millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
48.934 |
75.195 |
36.574 |
|
|
|
|
|
|
Total |
48.934 |
75.195 |
36.574 |
|
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
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 |
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 |
UNSECURED LOANS
(Rs. In Millions)
|
Unsecured Loans |
31.03.2011 |
31.03.2010 |
|
Loan from
Directors |
2.733 |
1.826 |
|
Loan from
Relatives and Associates Concern |
1.872 |
6.066 |
|
|
|
|
|
Total |
4.605 |
7.892 |
Note:
The registered office of the company has been shifted from Ground Floor, Nanak Niwas, 24, Kumptha Street, Fort, Mumbai – 400 001, Maharashtra to the present address w.e.f. 01.03.2010.
PERFORMANCE OF THE
COMPANY:
The Company has
achieved turnover of Rs.763.387 millions (which includes other income) as
against Rs.734.497 millions for the previous year. Further the net profit after
tax has also increased from Rs.94.672 millions to Rs.95.758 millions which also
shows sustained growth. The board of directors assures and will try to maintain
the growth rate in future.
SHARE CAPITAL:
For the year ended
31.03.2011, the Authorised Capital of the company is Rs.50.000 millions and the
paid up share capital is Rs.40.500 millions.
NATURE OF
BUSINESS:
Company is engaged
in the business of Clearing, Forwarding, Cargo Handling and related agency
business.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U45200MH2004PLC148978 |
|
Name of the
company |
ACT INFRAPORT LIMITED |
|
Address of the
registered office or of the principal place of business in |
14, Shipping House, Ground Floor, 26, E-Mail: rajan@actship.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book
Debts ·
Movable
Property (not being pledge) ·
Floating
Charge ·
Others
(Stocks) |
|
Particular of
charge holder |
CIN No.: L65190GJ1994PLC021012 ICICI Bank
Limited, E-Mail: shanthi.venkatesan@icicibank.com |
|
Nature of description
of the instrument creating or modifying the charge |
Deed of
Hypothecation (WCF) |
|
Date of
instrument Creating the charge |
31.10.2011 |
|
Amount secured by
the charge |
Rs.30.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Base Rate+3.00%
p.a. Terms of
Repayment: Repayable on
demand Margin: 30% Extent and
Operation of the charge: The charge shall operate
as first and exclusive charge in favour of the bank to secure the principal
amount together with interest, additional interest and all other monies
payable by the company to the Bank Others: The Borrower has
undertaken to keep the movable property insured and in a good and marketable
condition. |
FIXED ASSETS:
· Computer
· Generator
· Furniture and Fixtures
· Office Equipments
· Car
· Jeep
· Scooter
· Bus
· Container
· Commercial Vehicles
· Gears
· Tankers
· Loader
· Cycle
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.53.09 |
|
|
1 |
Rs.83.12 |
|
Euro |
1 |
Rs.72.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
36 |
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.