MIRA
INFORM REPORT
|
Report Date : |
09.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
G. T. FRUITECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-1A, Mahendru Enclave, G.T. Karnal Road, Delhi-110033 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.11.2007 |
|
|
|
|
Com. Reg. No.: |
55-170895 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140DL2007PTC170895 |
|
|
|
|
IEC No.: |
0509051677 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer and Distributor of Fresh Fruit. |
|
|
|
|
No. of Employees
: |
31 (Approximately) [In Office:15, In Factory:10 and In Branch:6] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2400 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
profitability of the company appears to be low. There appears huge external
borrowings recorded by the company. However, performance capability of the company is improving. Trade
relations are reported to be fair. Business is active. Payments are reported
to be slow but correct. 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 PARTED BY
|
Name : |
Mr. Amit Gidwani |
|
Designation : |
Business Manager |
|
Contact No.: |
91-9873121111 |
|
Date : |
05.02.2013 |
LOCATIONS
|
Registered Office : |
D-1A, Mahendru Enclave, G.T. Karnal Road, Delhi-110033, India |
|
Tel. No.: |
91-11-27243949 |
|
Mobile No.: |
91-9899199199 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory / Corporate : |
B-153, New Fruit Market, Azadpur, Delhi-110033, India |
|
Tel. No.: |
91-11-27677333 / 27677444 / 222 |
|
Fax No.: |
91-11-27677222 |
|
Area : |
2500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch : |
J-403, APMC Fruit Market, Vashi, Navi Mumbai, India |
|
Tel. No.: |
91-22-41230015 |
|
E-Mail : |
|
|
Location : |
Rented |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Harichand Gidwani |
|
Designation : |
Director |
|
Address : |
BW-37B, Shalimar Bagh, Delhi - 110 088, India |
|
Date of Birth/Age : |
09.06.1952 |
|
Qualification : |
Graduate |
|
Experience : |
40 Years |
|
Date of Appointment : |
29.11.2007 |
|
DIN No.: |
01887944 |
|
|
|
|
Name : |
Mr. Shrichand Gidwani |
|
Designation : |
Director |
|
Address : |
D-1A, Mahendru Enclave, GTK Road, Delhi-110033, India |
|
Date of Birth/Age : |
28.01.1955 |
|
Qualification : |
Graduate |
|
Experience : |
34 Years |
|
Date of Appointment : |
29.11.2007 |
|
DIN No.: |
01887953 |
|
|
|
|
Name : |
Mr. Dharamdas Gidwani |
|
Designation : |
Director |
|
Address : |
D-1A, Mahendru Enclave, GTK Road, Delhi-110033, India |
|
Date of Birth/Age : |
20.04.1957 |
|
Qualification : |
Graduate |
|
Experience : |
34 Years |
|
Date of Appointment : |
29.11.2007 |
|
DIN No.: |
01892895 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Gidwani |
|
Designation : |
Business Manager |
MAJOR SHAREHOLDERS
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Harichand Gidwani |
|
5000 |
|
Bhavesh Gidwani |
|
5000 |
|
Shrichand Gidwani |
|
5000 |
|
Dharamdas Gidwani |
|
5000 |
|
Hemant Gidwani |
|
5000 |
|
Harichand Gidwani HUF |
|
4800 |
|
Shrichand Gidwani HUF |
|
3400 |
|
Dharamdas Gidwani HUF |
|
4400 |
|
Hemant Gidwani HUF |
|
2400 |
|
Amit Gidhwani |
|
5000 |
|
Sumit Gidhwani |
|
5000 |
|
Pranshant Gidhwani |
|
5000 |
|
Ritesh Gidhwani |
|
5000 |
|
Total |
|
60000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer and Distributor of Fresh Fruit. |
|
|
|
|
Imports : |
|
|
Products : |
Fresh Fruits |
|
Countries : |
·
USA ·
China ·
South Africa |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 days) |
|
|
|
|
Purchasing : |
Credit (30 days) |
GENERAL INFORMATION
|
Suppliers : |
·
Chelan Fresh Marketing · Columbia Marketing Intl · Alfa Fruit Packers ·
Fruit Ways |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
·
Wholesalers ·
Retailers ·
Others (Super Market) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
31 (Approximately) [In Office:15, In Factory:10 and In Branch:6] |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank, A4 Panchwati, Adarsh Nagar, New
Delhi-110033, India Tel.
No: 91-11-61606161 ·
HDFC Bank Limited, HDFC Bank House Senapati Bapat
Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
Credit Limit – Rs. 50.000 Millions (Rs.
In Millions)
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain and Anand Chartered Accountants |
|
Address : |
310, Kumar Tower, 15 Wazirpur Community Centre, Delhi-110052, India |
|
Tel. No.: |
91-11-27373075 |
|
E-Mail : |
|
|
PAN.: |
AADFJ0065F |
|
|
|
|
Associates/Subsidiaries : |
Gangaram Tikamdas Address: B-153, New
Fruit Market, Azadpur, Delhi-110033, India Line of
Business: Wholesale and Trading Domestic Fruits. |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
Rs.10/- each |
Rs.0.600
Million |
|
|
|
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.600 |
0.501 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.863 |
0.897 |
0.090 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.463 |
1.398 |
0.590 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
32.998 |
0.862 |
0.000 |
|
|
2] Unsecured Loans |
22.210 |
46.031 |
15.217 |
|
|
TOTAL BORROWING |
55.208 |
46.893 |
15.217 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
57.671 |
48.291 |
15.807 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.811 |
4.720 |
0.056 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.142 |
0.053 |
0.003 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6.664
|
7.827 |
0.459 |
|
|
Sundry Debtors |
39.783
|
32.154 |
9.777 |
|
|
Cash & Bank Balances |
3.898
|
5.565 |
6.769 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
8.455
|
3.918 |
1.292 |
|
Total
Current Assets |
58.800
|
49.464 |
18.297 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.154
|
4.330 |
2.231 |
|
|
Other Current Liabilities |
0.594
|
0.595 |
0.306 |
|
|
Provisions |
1.334
|
1.021 |
0.065 |
|
Total
Current Liabilities |
7.082
|
5.946 |
2.602 |
|
|
Net Current Assets |
51.718
|
43.518 |
15.695 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.053 |
|
|
|
|
|
|
|
|
TOTAL |
57.671 |
48.291 |
15.807 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
434.169 |
200.934 |
38.100 |
|
|
|
Other Income |
2.781 |
0.060 |
0.004 |
|
|
|
TOTAL (A) |
436.950 |
200.994 |
38.104 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock-in-trade |
413.762 |
|
37.351 |
|
|
|
Employee benefits expenses |
3.642 |
2.902 |
|
|
|
|
Other expenses |
8.004 |
3.017 |
|
|
|
|
Changes in inventories |
1.163 |
(7.368) |
|
|
|
|
TOTAL (B) |
426.571 |
196.269 |
37.351 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
10.379 |
4.725 |
0.753 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.886 |
2.876 |
0.519 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.493 |
1.849 |
0.234 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.093 |
0.586 |
0.037 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
1.400 |
1.263 |
0.197 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.434 |
0.456 |
0.062 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
0.966 |
0.807 |
0.135 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.897 |
0.090 |
(0.045) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.863 |
0.897 |
0.090 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
16.10 |
16.11 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.22
|
0.40 |
0.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.32
|
0.63 |
0.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.17
|
2.33 |
1.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.57
|
0.90 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
22.41
|
33.54 |
25.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.30
|
8.32 |
7.03 |
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
TRADE REFERENCE
·
Gajumal Mulchand Fruits
Private Limited, Ahmedabad
Mr. Lakhmichand
Wadhwa (91-9879761377)
·
CVFC, Hyderabad
Mr. Veera
(91-9160099441)
·
Shri Duga Fruit, Kanpur
Mr. Raju
(91-9415126495)
·
Thai Moogambigai Agro
Private Limited
Mr. Senthil
Natrajan (91-9944677777)
UNSECURED LOAN:
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Short-term
borrowings |
|
|
|
Loans and Advances
from Related Parties |
|
|
|
Dharam Dass |
0.381 |
0.390 |
|
Dharam Dass Gidwani HUF |
0.113 |
1.064 |
|
Prashant Gidwani |
0.010 |
0.357 |
|
Sheetal Gidwani |
0.271 |
1.352 |
|
Navya Gidwani |
0.800 |
0.228 |
|
Kanika Gidwani |
0.683 |
0.629 |
|
Aditi Gidwani |
1.379 |
0.796 |
|
Amit Gidwani |
0.314 |
0.292 |
|
Amit Gidwani HUF |
1.747 |
1.577 |
|
Ashna Gidwani D/o Amil Gidwani |
0.682 |
0.615 |
|
Dharuv Gidwani S/o Amil Gidwani |
0.548 |
0.495 |
|
Hanchand Gidwani |
0.206 |
0.186 |
|
Kanisha Gidwani |
1.495 |
0.942 |
|
Madhu Gidwani |
2.127 |
1.824 |
|
Rehaan Gidwani S/o Sumit Gidwani |
0.324 |
0.278 |
|
Sayesh Gidwani S/o Sumit Gidwani |
0.424 |
0.382 |
|
Sumit Gidwani |
0.425 |
0.383 |
|
Sumit Gidwani HUF |
1.747 |
1.577 |
|
Gangaram Tikamdas |
0.000 |
16.396 |
|
Bhavesh Gidwani |
2.274 |
2.052 |
|
Neeru Gidwani |
3.142 |
0.777 |
|
Ritesh Gidwani |
1.749 |
0.318 |
|
Seth Tikamdas Gidwani |
0.000 |
3.113 |
|
Leena Gidwani |
0.258 |
1.145 |
|
Shri Chand Gidwani |
0.334 |
0.852 |
|
Shri Chand Gidwani HUF |
0.213 |
0.968 |
|
Puspa Devi Agarwal |
0.000 |
3.000 |
|
Varsha Gidwani |
0.172 |
0.543 |
|
Hemant Gidwani |
0.392 |
0.000 |
|
T.P.Vommunication Limited, India |
0.000 |
3.000 |
|
Abhishek Agarwal |
0.000 |
0.500 |
|
Total |
22.210 |
46.031 |
FIXED ASSETS:
· Buildings
· Shop
· Vehicles
· Office equipment
· Computer
· Air Conditioner
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 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.53.57 |
|
UK Pound |
1 |
Rs.84.25 |
|
Euro |
1 |
Rs.71.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.