1. Summary Information
|
|
|
Country |
|
|
Company Name |
GLOBAL
UNITED SHIPPING INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Achuthannair Sarathkumar |
|
Status |
Moderate |
Principal Name 2 |
Mr. Manoj Eapen Chacko |
|
|
|
Registration # |
18-072883 |
|
Street Address |
Door No. 3/381, Rajiv Gandhi Salai (OMR),
"AKDR" Towers, 4th Floor, Mettupakkam, Chennai – 600097,
|
||
|
Established Date |
10.09.2009 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Transport and Logistics Services |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.44,984,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 99.99% Directors or relatives of Directors - 0.01% |
Banking |
Not Available |
|
Public Limited Corp. |
NO |
Business Period |
4 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
Singapore |
M/s Jalhansa Singapore Pte Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
84,969,000 |
Current Liabilities |
43,198,000 |
|
Inventories |
7,669,000 |
Long-term Liabilities |
346,484,000 |
|
Fixed Assets |
439,006,000 |
Other Liabilities |
3,069,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
389,714,000 |
|
Invest& other Assets |
9,078,000 |
Retained Earnings |
87,343,000 |
|
|
|
Net Worth |
147,971,000 |
|
Total Assets |
540,722,000 |
Total Liab. & Equity |
540,722,000 |
|
Total Assets (Previous Year) |
140,501,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
137,824,000 |
Net Profit |
(33,333,000) |
|
Sales(Previous yr) |
48,837,000 |
Net Profit(Prev.yr) |
110,000 |
|
Report Date : |
18.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL UNITED SHIPPING INDIA PRIVATE LIMITED (w.e.f. 12.02.2013) |
|
|
|
|
Formerly Known
As : |
JALHANSA ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Door No. 3/381, Rajiv Gandhi Salai (OMR), "AKDR" Towers, 4th Floor, Mettupakkam, Chennai – 600097, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.09.2009 |
|
|
|
|
Com. Reg. No.: |
18-072883 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.44.984
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900TN2009PTC072883 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCJ2991E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The main object of the company is to carry on the business
of transport and logistics services by sea to all types of customers and all
shipping related activities. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 590000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “M/s Jalhansa Singapore Pte Limited, Singapore”.
It is an established company having a moderate track record. Company has incurred a huge loss during 2012. External Borrowings have
been tremendously increased over previous year. However, trade relations are fair. Business is active. Payment terms
are slow but correct. In view of parent company, the subject 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered Office : |
Door No. 3/381, Rajiv Gandhi Salai (OMR),
"AKDR" Towers, 4th Floor, Mettupakkam, Chennai – 600097,
Tamilnadu, India |
|
Tel. No.: |
Not available |
|
Fax No.: |
Not available |
|
E-Mail : |
DIRECTORS
As on: 26.12.2012
|
Name : |
Mr. Achuthannair Sarathkumar |
|
Designation : |
Additional director |
|
Address : |
204, C Block, The Raheja Enclave, The Race Course Road,
Coimbatore – 641018, Tamilnadu, India |
|
Date of Birth/Age : |
22.06.1969 |
|
Date of Appointment : |
14.02.2011 |
|
DIN No.: |
02526266 |
|
|
|
|
Name : |
Mr. Manoj Eapen Chacko |
|
Designation : |
Director |
|
Address : |
H No. 37/717 - A, Triamphnt House S A Road, Elamkulam,
Kadavanthara P O Ernakulam Kerala – 682020, India |
|
Date of Birth/Age : |
02.05.1959 |
|
Date of Appointment : |
10.09.2009 |
|
DIN No.: |
02723881 |
|
|
|
|
Name : |
Mr. Parameswara Kurup Suresh |
|
Designation : |
Additional director |
|
Address : |
Apsara Thathampally, P O Alleppey, Kerala – 688013, India |
|
Date of Birth/Age : |
17.05.1967 |
|
Date of Appointment : |
02.11.2010 |
|
DIN No.: |
03275612 |
KEY EXECUTIVES
|
Name : |
V. Mahesh and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
#9/5, Nandanam Extension, 1st Street, Nandanam, Chennai –
600035, Tamilnadu, India |
MAJOR SHAREHOLDERS
As on: 26.12.2012
|
Names of Shareholders |
|
No. of Shares |
|
Manoj Eapen Chacko (Beneficiary: Jalhansa Enterprises Pte Limited) |
|
1 |
|
Jalhansa Enterprises Pte Limited, Singapore |
|
4498399 |
|
Total |
|
4498400 |
As on: 04.02.2013
|
Names of Allottees |
|
No. of Shares |
|
Mr. Ramadass Venkatarao |
|
10 |
|
Mr. Madhavan Unni Rajesh |
|
33294 |
|
Mr. Swaminathan Hariharaputhran |
|
10 |
|
Mr. Ukkath Variam Raja Krishnan |
|
10 |
|
Mr. Sarath Kumar Achuthan Nair |
|
10 |
|
Mr. Subbiah Mathavan |
|
10 |
|
R. Srinivasan |
|
10 |
|
Global United Shipping (S) PL Limited, Singapore |
|
1531000 |
|
Total |
|
1564354 |
As on: 04.03.2013
|
Names of Allottees |
|
No. of Shares |
|
Jalhansa Enterprises Pte Limited, Singapore |
|
11549467 |
|
Total |
|
11549467 |
As on: 08.03.2013
|
Names of Allottees |
|
No. of Shares |
|
Global United Shipping (S) PL Limited, Singapore |
|
2692473 |
|
Total |
|
2692473 |
Equity Share Break up (Percentage of Total Equity)
As on: 26.12.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The main object of the company is to carry on the business
of transport and logistics services by sea to all types of customers and all
shipping related activities. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not available |
|
|
|
|
Bankers : |
Not available |
|
|
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
T Selvaraj and Company Chartered Accountants |
|
Address : |
No 32, Dewan Rama Road, Purasawalkam, Chennai – 600084, Tamilnadu, India |
|
Tel. No.: |
91-44-26428861/ 42075569 |
|
Fax No.: |
91-44-2642886 |
|
Email : |
|
|
Website : |
|
|
PAN No.: |
AAAFT0425E |
|
|
|
|
Holding Company : |
M/s Jalhansa Singapore Pte Limited, Singapore |
|
|
|
|
Associate : |
· Posh Synergy Marine Private Limited CIN No.: U61200TN2011PTC079081 · Jalhansa Tours and Travels Private Limited CIN No.: U63040TN2010PTC077512 |
|
|
|
|
Key Management Personnel : |
Capt Manoj Eapen Chacko |
CAPITAL STRUCTURE
After: 26.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20500000 |
Equity Shares |
Rs.10/- each |
Rs.205.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20304694 |
Equity Shares |
Rs.10/- each |
Rs.203.047
Millions |
|
|
|
|
|
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs.10/- each |
Rs.75.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6062754 |
Equity Shares |
Rs.10/- each |
Rs.60.628
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
60.628 |
44.984 |
|
(b) Reserves & Surplus |
|
87.343 |
89.896 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
346.484 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.032 |
0.010 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
42.394 |
5.573 |
|
(c) Other current liabilities |
|
0.804 |
0.000 |
|
(d) Short-term provisions |
|
3.037 |
0.038 |
|
TOTAL |
|
540.722 |
140.501 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
439.006 |
0.655 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
3.924 |
96.989 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.050 |
0.050 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
27.002 |
0.167 |
|
(e) Other Non-current assets |
|
0.129 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
5.104 |
0.000 |
|
(b) Inventories |
|
7.669 |
0.000 |
|
(c) Trade receivables |
|
17.084 |
4.252 |
|
(d) Cash and cash equivalents |
|
35.136 |
29.786 |
|
(e) Short-term loans and advances |
|
4.755 |
8.130 |
|
(f) Other current assets |
|
0.863 |
0.472 |
|
TOTAL |
|
540.722 |
140.501 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.027 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.127 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.127 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.056 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.012 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
2.191 |
|
|
Cash & Bank Balances |
|
|
0.050 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.180 |
|
Total
Current Assets |
|
|
2.421 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2.145 |
|
|
Other Current Liabilities |
|
|
0.189 |
|
|
Provisions |
|
|
0.028 |
|
Total
Current Liabilities |
|
|
2.362 |
|
|
Net Current Assets |
|
|
0.059 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.127 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
137.824 |
48.837 |
16.184 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
137.824 |
48.837 |
16.184 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
148.219 |
48.618 |
16.136 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
148.219 |
48.618 |
16.136 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(10.395) |
0.219 |
0.048 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
22.052 |
0.058 |
0.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(32.447) |
0.161 |
0.043 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.886 |
0.051 |
0.016 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(33.333) |
0.110 |
0.027 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
(7.41) |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
24.19
|
0.22 |
0.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.05)
|
(0.37) |
1.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.22)
|
0.00 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.34
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53
|
7.60 |
1.02 |
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
No |
|
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 |
Note:
The registered office of the company has been shifted from
Door No. 3/381, Rajiv Gandhi Salai (OMR), Mettupakkam, Chennai – 600097,
Tamilnadu, India to present address w.e.f.01.05.2013.
UNSECURED LOAN:
(Rs.
in Millions)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
346.484 |
0.000 |
|
Total |
346.484 |
0.000 |
FIXED ASSETS:
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Ships Vessels
· Office Equipment
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 records exist to suggest that subject is or
was the subject of any formal or informal allegations, prosecutions or other
official proeeding 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.57.73 |
|
|
1 |
Rs.90.61 |
|
Euro |
1 |
Rs.76.96 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.