MIRA
INFORM REPORT
|
Report Date : |
16.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
LIPAP SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A - 213, Virwani Industrial Estate, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.02.1988 |
|
|
|
|
Com. Reg. No.: |
11-46204 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.675
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32305MH1988PTC046204 |
|
|
|
|
IEC No.: |
0389034711 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUML02128A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL0121A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Printers Consumables. |
|
|
|
|
No. of Employees
: |
60
(Approximately) |
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 73000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. The
external borrowing of the company seems to be increasing of the year. The sales figure for the year 2010-2011, 2011-2012 are not made
available. However, the company has earned some profit from its operation. 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
cautions. |
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. Praveen Loknath Khandelwal |
|
Designation : |
Director |
|
Contact No.: |
91-9867369205 |
|
Date : |
15.02.2013 |
LOCATIONS
|
Registered Office : |
A - 213, Virwani Industrial Estate, |
|
Tel. No.: |
91-22-28743716 / 28743916/ 28743457/ 28759382 |
|
Mobile No.: |
91-9867369205 (Mr. Praveen Khandelwal) |
|
Fax No.: |
91-22-28743716 / 28743916 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
Indo Industrial Estate No. 4, Plot No. 38, First Floor, Navghar, Vasai
(East), Thane - 401 210, Maharashtra, India Tel. No.: 91-22-29271307 Fax No.: 91-22-29271310 Also Located at ·
Himachal Pradesh Area : 10000 sq ft (Vasai + Himachal Pradesh) Location : Rented |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Varun Praveen Khandelwal |
|
Designation : |
Director |
|
Address : |
Hem Nivas, 87, S V Road, Kandivali (West), Mumbai – 400 067,
Maharashtra, India. |
|
Date of Birth/Age : |
24.05.1980 |
|
Qualification : |
M.B.A. |
|
Date of Appointment : |
14.08.2002 |
|
DIN No.: |
01233179 |
|
|
|
|
Name : |
Mr. Praveen Loknath Khandelwal |
|
Designation : |
Director |
|
Address : |
Hem Nivas, 87, S V Road, Kandivali (West), Mumbai – 400 067, Maharashtra,
India. |
|
Date of Birth/Age : |
10.03.1955 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
14.08.2002 |
|
Din No.: |
01233212 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Praveen Loknath Khandelwal |
|
420000 |
|
Varun Praveen Khandelwal |
|
147000 |
|
Nisha Khandelwal |
|
100500 |
|
|
|
|
|
Total |
|
667500 |
(AS ON 29.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Printers Consumables. |
|
|
|
|
Products : |
· Computer Ribbons · Typewriter Ribbons · Electronic Typewriter Ribbons · Thermal transfer Ribbons · Correction Tapes · Ribbon Cassettes · Pan Cakes |
PRODUCTION STATUS [AS ON 31.03.2011]
|
On Single shift
and Maximum Utilization Basis As Certified by the
Directors on which Auditors have placed reliance, this being a technical
matter. |
||
|
Particulars |
Unit |
Installed
Capacity |
|
Ribbon Cassettes |
Nos. |
200000 |
|
Pancakes |
Sq. mtrs |
1200000 |
|
Correction Tapes |
Nos. |
1100000 |
|
Spool Ribbons |
Nos. |
1350000 |
|
Inkjet Refills |
Nos. |
150000 |
|
Thermal Transfer Ribbon |
Nos. |
45000 |
PRODUCTION [NOS.]:
|
PARTICULAR |
PRODUCTION [QTY.] |
|
Refill Packs |
81086 |
|
Pancakes |
1080 |
|
Ribbon Cassettes |
195276 |
|
Spool Ribbons |
490 |
|
Thermal Transfer Ribbon |
16431 |
GENERAL INFORMATION
|
No. of Employees : |
60
(Approximately) |
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Bankers : |
·
Bank
of Baroda, BFS BR, Mathru Ashish Building, S V Road Kandivali (West), Mumbai – 400
067, Maharashtra, India ·
Development
Credit Bank Limited, 601 and 602, Peninsula Business Park, 6th Floor, Tower A,
Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, Maharashtra, India ·
HDFC
Bank ·
Standard
Chartered Bank ·
Kotak
Mahindra Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Salgia and Company Chartered Accountants |
|
Address : |
3, Suresh Sadan, Daulat Nagar, Road No. 4, Borivali (East),
Mumbai-400066, Maharashtra, India |
|
Tel. No.: |
91-22-28918689 |
|
E-Mail : |
|
|
PAN No: |
AAKPS8848J |
CAPITAL STRUCTURE
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
667500 |
Equity Shares |
Rs.10/- each
|
Rs.6.675
Millions |
|
|
|
|
|
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 |
6.675 |
6.675 |
6.675 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11.630 |
11.287 |
11.099 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
18.305 |
17.962 |
17.774 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
24.344 |
17.943 |
18.351 |
|
|
2] Unsecured Loans |
13.732 |
11.657 |
7.067 |
|
|
TOTAL BORROWING |
38.076 |
29.600 |
25.418 |
|
|
DEFERRED TAX LIABILITIES |
1.408 |
1.501 |
1.794 |
|
|
|
|
|
|
|
|
TOTAL |
57.789 |
49.063 |
44.986 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
13.790 |
11.997 |
13.523 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.003 |
0.003 |
0.003 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
34.894
|
28.921 |
27.385
|
|
|
Sundry Debtors |
12.205
|
8.478 |
8.422
|
|
|
Cash & Bank Balances |
2.083
|
1.500 |
1.506
|
|
|
Other Current Assets |
3.456
|
3.354 |
0.000
|
|
|
Loans & Advances |
0.550
|
1.215 |
3.104
|
|
Total
Current Assets |
53.188
|
43.468 |
40.417
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7.123
|
3.982 |
7.068
|
|
|
Other Current Liabilities |
1.704
|
1.911 |
1.452
|
|
|
Provisions |
0.365
|
0.512 |
0.437
|
|
Total
Current Liabilities |
9.192
|
6.405 |
8.957
|
|
|
Net Current Assets |
43.996
|
37.063 |
31.460
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
57.789 |
49.063 |
44.986 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
45.608 |
|
|
|
Other Income |
|
|
0.335 |
|
|
|
TOTAL (A) |
NA |
NA |
45.943 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed, Manufacturing and Other Expenses |
|
|
40.978 |
|
|
|
Prior Period Adjustments |
|
|
0.250 |
|
|
|
TOTAL (B) |
NA |
NA |
41.228 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
4.715 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
2.987 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
1.728 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
1.479 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
0.768 |
0.509 |
0.249 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.273 |
0.073 |
0.193 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
0.495 |
0.436 |
0.056 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
9.119 |
8.683 |
8.627 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
9.614 |
9.119 |
8.683 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.74 |
0.65 |
0.08 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
0.12
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
0.55
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
0.46
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.03 |
0.01
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.08
|
1.65 |
1.43
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.79
|
6.79 |
4.51
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors
|
|
|
|
|
- Micro, Small and Medium Enterprises |
3.272
|
2.798 |
0.000
|
|
- Others |
3.851
|
1.184 |
7.068
|
|
|
|
|
|
|
Total |
7.123
|
3.982 |
7.068
|
|
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 one year |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
|
Particulars |
As on 31.03.2012 [Rs. in Millions] |
As on 31.03.2011 [Rs. in Millions] |
|
Loans and
Advances From Related Parties |
11.656 |
6.884 |
|
Standard Charted Loan – 47647892 |
0.328 |
1.280 |
|
Kotak Mahindra Bank Limited – 2555023 |
0.614 |
1.415 |
|
HDFC Bank Loan - Varun |
0.165 |
0.276 |
|
HDFC Bank Loan – Praveen |
0.000 |
0.273 |
|
HDFC Bank Loan – 16709527 |
0.540 |
0.921 |
|
Advances |
|
|
|
BOB Credit Card |
0.004 |
0.096 |
|
Manhattan Credit Card – Varun |
0.150 |
0.128 |
|
HSBC Credit Card |
0.017 |
0.017 |
|
SCB Credit Card – Praveen |
0.155 |
0.086 |
|
HDFC Bank A/C No. – 12332 |
0.101 |
0.242 |
|
Kotak Mahindra A/C No. 228 |
0.000 |
0.038 |
|
IDBI Bank Limited A/C No. 6071 |
0.002 |
0.001 |
|
|
|
|
|
Total |
13.732 |
11.657 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10320203 |
|
Corporate
identity number of the company |
U32305MH1988PTC046204 |
|
Name of the
company |
LIPAP SYSTEMS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
A - 213, Virwani Industrial Estate, |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Immovable
Property |
|
Particular of
charge holder |
Development Credit Bank Limited, 601 and 602, Peninsula Business Park,
6th Floor, Tower A, Senapati Bapat Marg, Lower Parel, Mumbai – 400
013, Maharashtra, India Email: vijaykurankar@dcbbank.com |
|
Nature of description
of the instrument creating or modifying the charge |
Letter of
Recording dated15.01.2012 Nature of
Facility: Cash Credit
Rs.9.500 Millions. Overdraft
Rs.14.500 Millions. Inland Import L/C
(DA 120 days) Rs.6.000 Millions. ============== Rs.30.000
Millions |
|
Date of
instrument Creating the charge |
15.01.2012 |
|
Amount secured by
the charge |
Rs.30.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest 3% over Base Rate
Min. 13.50% p.a. (present Base Rate being 10.50% p.a.) Terms of Repayment Cash Credit and
Overdraft: On Demand / Annual Review. Inland or Import
Letter of Credit (DA 120 days) : On Demand / Annual Review / On retirement /
On due date. Margin Cash Credit: 25%
on Stocks upto 180 days and Debtors upto 90 days. Overdraft: 40% on
the value of property. Inland or Import
Letter of Credit (DA 120 days): 15% Cash margin under RIC. Extent and Operation of the charge The Charge is
operative and modified to create equitable mortgage by way of first charge
over the said properties for the total credit facilities of Rs.30.000
Millions. |
|
Short particulars
of the property charged |
Hypothecation
of whole of the moveable properties of
the borrower including its moveable, stocks in trade, finished goods, goods
in progress, raw materials, book debts. |
|
Particulars of
the present modification |
By this
modification, the charge is modified to create equitable mortgage by way of
first charge over Unit No. 210 and 213, Virwani Industrial Estate, Goregaon
(East), Mumbai - 400063 owned by Lipap Systems Private Limited for the total
credit facilities of Rs.30.000 Millions. There is no change in amount of
charge limit. Other Terms and Conditions remain unchanged. |
FIXED ASSETS:
·
·
Plant and Machinery
·
Electric Installation
·
Dies and Blocks
·
Furniture and Fixtures
·
Office Equipment
·
Fire Equipments
·
Computer
·
Cycle
·
Motor Car
·
Motor 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 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.53.99 |
|
|
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.