MIRA
INFORM REPORT
|
Report Date : |
22.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
HARBANSHRAM BHAGWANDAS AYURVEDIC SANSTHAN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Urdu Bazar, Gorakhpur – 273005, Uttar Pradesh |
|
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.12.1988 |
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|
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|
Com. Reg. No.: |
20-010318 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.4.839 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110UP1988PTC010318 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of all type of Ayurvedic Product. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
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 |
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|
|
|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. The management
has failed to file its latest financials i.e. 2011-12 with the government
department. However, from the previous year it seems that there appears some dip
in the turnover and profitability of the company. However, trade relations
are reported as fair. Business is active. Payments are reported to be slow. 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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. Rohan Chaudhary |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9899487060 |
|
Date : |
09.01.2013 |
LOCATIONS
|
Registered Office : |
Urdu Bazar, Gorakhpur – 273005, Uttar Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9899487060 (Mr. Rohan Chaudhary) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
B-76, Ground Floor, Sector-64, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4323699/ 4565592 |
DIRECTORS
(AS ON 29.09.2011)
|
Name : |
Mr. Pradeep Kumar Chaudhary |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Harbansh Gali, Sheshpur, Urdu Bazar, Gorakhpur – 273001, Uttar
Pradesh, India |
|
Date of Birth/Age : |
29.11.1957 |
|
Date of Appointment : |
22.12.1988 |
|
DIN No.: |
00744107 |
|
|
|
|
Name : |
Mr. Pankaj Chaudhary |
|
Designation : |
Director |
|
Address : |
Harbansh Gali, Sheshpur, Urdu Bazar, Gorakhpur – 273001, Uttar
Pradesh, India |
|
Date of Birth/Age : |
20.11.1964 |
|
Date of Appointment : |
22.12.1988 |
|
DIN No.: |
00744154 |
|
|
|
|
Name : |
Mr. Bhagyashree Chaudhary |
|
Designation : |
Director |
|
Address : |
Harbansh Gali, Sheshpur, Urdu Bazar, Gorakhpur – 273001, Uttar
Pradesh, India |
|
Date of Birth/Age : |
01.03.1969 |
|
Date of Appointment : |
07.09.2007 |
|
DIN No.: |
01563830 |
|
|
|
|
Name : |
Mr. Ujjwal Chaudhary |
|
Designation : |
Director |
|
Address : |
Harbansh Gali, Sheshpur, Urdu Bazar, Gorakhpur – 273001, Uttar
Pradesh, India |
|
Date of Birth/Age : |
27.12.1938 |
|
Date of Appointment : |
22.12.1988 |
|
DIN No.: |
00744212 |
|
|
|
|
Name : |
Mr. Rahul Chaudhary |
|
Designation : |
Director |
|
Address : |
Harbansh Gali, Sheshour Urdu Bazar, Gorakhpur, Uttar Pradesh, India |
|
Date of Birth/Age : |
13.01.1983 |
|
Date of Appointment : |
07.09.2007 |
|
DIN No.: |
01563794 |
|
|
|
|
Name : |
Mrs. Rajshree Chaudhary |
|
Designation : |
Director |
|
Address : |
Harbansh Gali, Sheshpur, Urdu Bazar, Gorakhpur – 273001, Uttar
Pradesh, India |
|
Date of Birth/Age : |
15.08.1960 |
|
Date of Appointment : |
15.07.1989 |
|
DIN No.: |
01625304 |
KEY EXECUTIVES
|
Name : |
Mr. Rohan Chaudhary |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS/ SHAREHOLDING PATTERN
(AS ON 29.09.2011)
|
Names of Shareholders (Partial details) |
|
No. of Shares |
|
|
|
|
|
Sadhana Chaudhary |
|
300 |
|
Bhagwandas
Harbansram |
|
3675 |
|
Pradeep Kumar
Chaudhary |
|
9380 |
|
Pankaj Chaudhary |
|
7800 |
|
Rup Kumar
Srivastava |
|
200 |
|
Vinod Kumar
Chaudhary |
|
200 |
|
Ujjawal Chaudhary |
|
3300 |
|
Lallan Pandey |
|
100 |
|
Nand Ram Singh |
|
100 |
|
Deo Brahma
Chaudhary |
|
600 |
|
San Kumar
Srivsatava |
|
200 |
|
Raju Khan |
|
200 |
|
Gopal Jee Arawal |
|
200 |
|
Prakhash Anand
Goel |
|
200 |
|
Ved Prakhash
Jaiswal |
|
200 |
|
Raj Kumar |
|
200 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
59.08 |
|
Other top fifty shareholders |
|
40.92 |
|
|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of all type of Ayurvedic Product. |
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Terms : |
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Selling : |
Cash and Credit (30-60 days) |
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Purchasing : |
Cash and Credit (30-60 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
Not Divulged |
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Bankers : |
·
Punjab National Bank Urdu Bazar, Gorakhpur – 273005, Uttar Pradesh, India Tel No.:91-551-2231539 (Mr. B. K. Kansotia) · ICICI Bank Limited · HDFC Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Ajai Shankar and Company Chartered Accountant |
|
Address : |
247, Kunti Kunj, Betia Hata, Gorakpur – 273001, Uttar Pradesh, India |
|
PAN No.: |
AAIFA8936B |
CAPITAL STRUCTURE
(AS ON 29.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48390 |
Equity Shares |
Rs.100/- each |
Rs.4.839
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 |
4.839 |
4.839 |
3.839 |
|
|
2] Share Application Money |
0.000 |
0.000 |
1.000 |
|
|
3] Reserves & Surplus |
61.020 |
57.762 |
42.805 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
65.859 |
62.601 |
47.644 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
38.882 |
15.080 |
27.490 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.700 |
|
|
TOTAL BORROWING |
38.882 |
15.080 |
28.190 |
|
|
DEFERRED TAX LIABILITIES |
4.028 |
4.216 |
4.377 |
|
|
|
|
|
|
|
|
TOTAL |
108.769 |
81.897 |
80.211 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
61.826 |
43.628 |
46.986 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
3.195 |
4.802 |
2.233 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12.943
|
19.173 |
12.976 |
|
|
Sundry Debtors |
52.797
|
34.877 |
33.359 |
|
|
Cash & Bank Balances |
5.453
|
5.105 |
3.856 |
|
|
Other Current Assets |
0.247
|
0.247 |
0.247 |
|
|
Loans & Advances |
5.545
|
3.922 |
2.294 |
|
Total
Current Assets |
76.985
|
63.324 |
52.732 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
19.846 |
14.833 |
|
|
Other Current Liabilities |
|
7.342 |
5.972 |
|
|
Provisions |
1.706
|
2.669 |
0.938 |
|
Total
Current Liabilities |
33.237
|
29.857 |
21.743 |
|
|
Net Current Assets |
43.748
|
33.467 |
30.989 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.003 |
|
|
|
|
|
|
|
|
TOTAL |
108.769 |
81.897 |
80.211 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
92.845 |
101.607 |
85.142 |
|
|
|
Other Income |
2.799 |
2.766 |
2.416 |
|
|
|
TOTAL (A) |
95.644 |
104.373 |
87.558 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
62.613 |
60.535 |
50.579 |
|
|
|
Selling and Administrative Expenses |
17.896 |
19.241 |
16.669 |
|
|
|
Interest on Income Tax/ Excise Duty/ TDS/ PF |
0.088 |
0.320 |
0.072 |
|
|
|
Excise Duty Paid/ Adjusted |
0.000 |
0.124 |
2.348 |
|
|
|
Repairs and Maintenance |
0.062 |
0.085 |
0.073 |
|
|
|
Directors Remuneration |
2.640 |
2.640 |
2.640 |
|
|
|
Auditor’s Remunerations |
0.100 |
0.100 |
0.100 |
|
|
|
Preliminary and Preoperative Expenses Written Off |
0.000 |
0.004 |
0.004 |
|
|
|
TOTAL (B) |
83.399 |
83.049 |
72.485 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.245 |
21.324 |
15.073 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.206 |
2.779 |
3.212 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.039 |
18.545 |
11.861 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.757 |
3.749 |
3.651 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
6.282 |
14.796 |
8.210 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.024 |
(0.161) |
(3.862) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.258 |
14.957 |
12.072 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
57.762 |
42.805 |
30.733 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
61.020 |
57.762 |
42.805 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
67.33 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.41
|
14.33 |
13.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.77
|
14.56 |
9.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.53
|
13.83 |
8.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.24 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.10
|
0.72 |
1.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.32
|
2.12 |
2.43 |
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 |
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 |
No |
|
19] |
Payments terms |
Yes |
|
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 |
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10241989 |
|
Corporate
identity number of the company |
U85110UP1988PTC010318 |
|
Name of the
company |
HARBANSHRAM
BHAGWANDAS AYURVEDIC SANSTHAN PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Urdubazar,
Gorakhpur – 273005, Uttar Pradesh, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Punjab National
Bank Urdu Bazar,
Gorakhpur – 273005, Uttar Pradesh, India |
|
Nature of
description of the instrument creating or modifying the charge |
Immovable
Property Situated at (1) Sector-23
Noida Gautambudhnagar (Uttar Pradesh) (2)Khanpur East
Tehsil Gorakhpur Udhamsinghnagar
(Uttarakhand) (3) Mohalla Purdilpur
Tappa-Kasaba Pargana-HaveliI Tehsil - Sadar Near Vijay Chowk Gorakhpur
(Uttar Pradesh) |
|
Date of
instrument Creating the charge |
10/12/2011 |
|
Amount secured by
the charge |
Rs.42.900
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Additional SME
Advance Rs.3.730 Millions -15.75% p.a. and additional CRE Advance Rs.7.670
Millions -17.75% p.a. Total additional advance Rs.11.400 Millions, besides
old advance Rs. 31.500 Millions. Terms of
Repayment In additional 17
Equal Quarterly installments of Rs. 0.671 Million each besides existing 21
equal quarterly installments of Rs.1.500 Million each Margin 25% Extent and
Operation of the charge Equitable
mortgage on property situated at Noida District - Gautambudhnagar (Uttar
Pradesh), Khanpur East District Udhamsinghnagar (Uttarakhand) and Purdilpur
District -Gorakhpur (Uttar Pradesh) for Rs.42.900 Uttar Pradesh (Rs.31.500
Millions + Rs.11.400 Millions) Others Nil |
|
Particulars of the property charged |
Equitable
mortgage on property situated at Noida District Gautambudhnagar (Uttar Pradesh),
Khanpur East District Udhamsinghnagar (Uttarakhand) and Purdilpur District
Gorakhpur (Uttar Pradesh) |
|
Short particulars
of the property charged |
Immovable
Property Situated at (1)Sector-23
Noida Gautambudhnagar (Uttar Pradesh) Khanpur East Tehsil Gorakhpur Udhamsinghnagar (Uttarakhand) |
|
Particulars of
the present modification |
The earlier
charge created for Rs.31.500 Millions in favour of Punjab National Bank, Urdu
Bazar, Gorakhpur - 273005 on 08/09/2010 vide no. 10241989 is now modified and
raised to Rs.42.900 Millions in favour of same charge holder w.e.f.
10/12/2011 |
FIXED ASSETS:
· Land
· Building
· Office Equipment
· Telephone
· Refrigerator
· Water Cooler
· Fan
· Furniture and Fittings
· Plant and Machinery
· Sealing Machine
· Weighing Machine
· Generator
· Pump and Motors
· Air Conditioner
· Fax Machine
· Computer and Printer
· Lab Equipment
· Vehicles
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.53.87 |
|
|
1 |
Rs.85.53 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
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.