|
Report Date : |
14.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
KOMAL HEALTHCARE PRIVATE
LIMITED [16.02.2012] |
|
|
|
|
Formerly Known
As : |
KOMAL HEALTHCARES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F 118, Gaurav Garden, Opp. Bharat Petrol Pump, Mira Road
(E), Mumbai – 401 107, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.07.2003 |
|
|
|
|
Com. Reg. No.: |
11-141314 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.938 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH2003PTC141314 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK06856D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of healthcare and medical Products. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 43000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitment. 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) |
|
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. Sunil |
|
Designation : |
Director |
|
Contact No.: |
91-9323456101 |
|
Date : |
09.01.2013 |
LOCATIONS
|
Registered Office : |
F 118, Gaurav Garden, Opp. Bharat Petrol Pump, Mira Road
(E), Mumbai – 401 107, Maharashtra, India |
|
Tel. No.: |
91-22-28124444 / 28118555 / 28106666 / 28197777 |
|
Mobile No.: |
91-9323456101 (Mr. Sunil Goti) |
|
Fax No.: |
91-22-28552555 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Zenium House, Satya Sai Industrial Estate, Fatak R,
Bhayander (East), Mumbai, |
|
Area : |
700 Sq. ft. |
|
Location : |
Owned |
|
|
|
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sunil L. Goti |
|
Designation : |
Director |
|
Address : |
2202, Kent Garden Chs Limited, |
|
Date of Birth/Age : |
07.06.1988 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
04.05.2006 |
|
DIN No.: |
01539755 |
|
|
|
|
Name : |
Mr. Labhubhai Goti |
|
Designation : |
Director |
|
Address : |
2202, Kent Garden Chs Limited, |
|
Date of Birth/Age : |
24.09.1963 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
14.07.2003 |
|
DIN No.: |
01593506 |
|
|
|
|
Name : |
Harshaben Goti Labhvbhai |
|
Designation : |
Director |
|
Address : |
2202, Kent Garden Chs Limited, |
|
Date of Birth/Age : |
09.06.1968 |
|
Date of Appointment : |
14.07.2003 |
|
DIN No.: |
01539638 |
|
|
|
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Labhubhai J Goti |
|
15000 |
|
Harshaben L Goti |
|
15100 |
|
Komal L Goti |
|
100 |
|
Rajesh M Patel |
|
1850 |
|
Haresh V Patel |
|
500 |
|
Dhananjay T Singh |
|
3200 |
|
Hindustan Agro Food Limited |
|
13000 |
|
Sunil L Goti |
|
45000 |
|
Amit Goti |
|
100 |
|
Total |
|
93850 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
13.85 |
|
Directors or relatives of Directors |
86.15 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of healthcare and medical Products. |
|
|
|
|
Exports : |
|
|
Products : |
Medical Products. |
|
Countries : |
Africa Russia UAE |
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|
|
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Germany Turkey |
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Terms : |
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Selling : |
Cash and Credit |
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|
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers Asian Heart Institute |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
·
HDFC Bank, Bhayander, Mumbai, Maharashtra, India ·
ICICI Bank Limited · State Bank of Bikaner and Jaipur, 77, Sheetal Chhaya Building, Opp New Era Cinema, S V Road, Malad (West), Mumbai - 400064, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
---- |
|
|
|
|
Auditors : |
|
|
Name : |
M. Inani and Company Chartered Accountants |
|
Address : |
204, kalpataru plaza, Chincholi Bunder Road, Off S.V. Road,
Malad (West) Mumbai – 400064, Maharashtra, India |
|
PAN No.: |
AAFFM1481Q |
|
|
|
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
93850 |
Equity Shares |
Rs.10/- each |
Rs. 0.938 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 |
0.938 |
0.938 |
0.938 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9.822 |
8.858 |
8.164 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
10.760 |
9.796 |
9.102 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
24.362 |
4.848 |
0.129 |
|
|
2] Unsecured Loans |
11.898 |
2.675 |
0.931 |
|
|
TOTAL BORROWING |
36.260 |
7.523 |
1.060 |
|
|
DEFERRED TAX LIABILITIES |
0.003 |
0.025 |
0.016 |
|
|
|
|
|
|
|
|
TOTAL |
47.023 |
17.344 |
10.178 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.264 |
3.154 |
1.678 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.024 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
16.396
|
6.873 |
6.240
|
|
|
Sundry Debtors |
46.567
|
30.624 |
6.340
|
|
|
Cash & Bank Balances |
2.669
|
1.241 |
0.418
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
2.090
|
1.433 |
2.688
|
|
Total
Current Assets |
67.722
|
40.171 |
15.686 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
22.575
|
24.852 |
6.868
|
|
|
Other Current Liabilities |
1.388
|
1.129 |
0.137
|
|
|
Provisions |
0.000
|
0.000 |
0.205
|
|
Total
Current Liabilities |
23.963
|
25.981 |
7.210
|
|
|
Net Current Assets |
43.759
|
14.190 |
8.476
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
47.023 |
17.344 |
10.178 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
168.836 |
107.359 |
31.199 |
|
|
|
Other Income |
0.183 |
0.341 |
0.040 |
|
|
|
TOTAL (A) |
169.019 |
107.700 |
31.239 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods Sold |
146.550 |
99.911 |
24.632 |
|
|
|
Administrative and Other Expenses |
13.495 |
5.988 |
5.567 |
|
|
|
Employee benefit expense |
4.488 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
164.533 |
105.899 |
30.199 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.486 |
1.801 |
1.039 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.469 |
0.430 |
0.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.017 |
1.371 |
0.919 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.620 |
0.454 |
0.376 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.397 |
0.917 |
0.543 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
0.223 |
0.192 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
NA |
0.694 |
0.351 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
NA |
0.060 |
0.708 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
7.40 |
3.73 |
|
The above information has been parted by Mr. Sunil Goti
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
0.64 |
1.12
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.83
|
0.85 |
1.74
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.97
|
2.12 |
3.13
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.09 |
0.06
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.60
|
3.42 |
0.91
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.93
|
1.55 |
2.18
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24230MH2003PTC141314 |
|
Name of the
company |
KOMAL HEALTHCARES
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
F 118, Gaurav Garden, Opp. Bharat Petrol Pump, Mira Road
(E), Mumbai – 401 107, Maharashtra, India |
|
This form is for |
Creation
of charge |
|
Type of charge |
·
Book
Debts ·
Movable
Property ·
Floating
Charge ·
Immovable
Property |
|
Particular of
charge holder |
State Bank of
Bikaner and Jaipur, 77, Sheetal Chhaya Building, Opp New Era Cinema S V Road, Malad (West) Mumbai 400064 Maharashtra
India |
|
Nature of
instrument creating charge |
AGREEMENT OF
LOAN-CUM-HYPOTHECATION MEMORANDUM FOR
RECORDING CREATION OF MORTGAGE BY DEPOSIT OF TITLE DEEDS |
|
Date of
instrument Creating the charge |
28.11.2011 |
|
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 :
11.50% p.a. for the 1st year and as per CRA rating of the firm linked to bank
base rate for subsequent years. LC : commission
as prescribed by bank BG: commission as
prescribed by bank Terms of
Repayment Cash Credit:
repayable on demand. LC : 90 days BG : 18 months
maximum inclusive of claim period as per bank's norms. Margin Cash Credit: Stock
25% (RM, SIP, FG). Book Debts 30% (Up To 90 Days Maximum) LC: 25% by way of
FDR/ Cash under Bank's lien BG: 25% cash
margin by way of fixed deposit duly discharged under bank's lien Extent and
Operation of the charge 100% |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
·
Industrial
gala no. 10, g+2 floor at satyasai Industrial Estate, Survey No. 49, Hissa
no. 2and4, Bhayander (East) dist. Thane property in the name of harshaben l
goti ·
Industrial
gala no. 9, 9a and 13, g+2 floors at Satyasai Industrial Estate, Survey No.
49, Hissa no. 2and4, Bhayander (East) dist. Thane property in the name of
labhubhai j goti ·
Hypothecation
over company's entire current assets, present or in future, including all
kinds of stock, book-debts, outstanding monies, receivables, claims, bills,
incl. goods in transit ·
Company's
fixed assets - present or future |
BANKERS FACILITY:
Fixed Assets:-
·
Plant and Machinery
·
Furniture and Fixture
·
Laboratory Equipment
·
Delivery Van
·
Air Condition
·
Telephone System
·
Computer System
·
Motor Car
·
Camera System
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.54.54 |
|
|
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.72.29 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
SPN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
42 |
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.