1. Summary Information
|
|
|
Country |
|
|
Company Name |
NOUVELLE CREDITS PRIVATE LIMITED |
Principal Name 1 |
Mr. Gyan Prakash Luharuwala |
|
Status |
Moderate |
Principal Name 2 |
Mr. Vishal Tekriwal |
|
|
|
Registration # |
55-80254 |
|
Street Address |
4316/17, 3rd Floor, Saini Market, Bahadur Garh Road, Sadar
Bazar, New Delhi – 110006, India |
||
|
Established Date |
10.07.1996 |
SIC Code |
-- |
|
Telephone# |
91-11-23633792/ 55386527 |
Business Style 1 |
Dealers |
|
Fax # |
91-11-23633793 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Plastic Raw Materials |
|
# of employees |
Not Available |
Product Name 2 |
Chemicals |
|
Paid up capital |
Rs.39,822,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 81.61% Directors or relatives of Directors - 18.39% |
Banking |
Jammu and Kashmir Bank Limited |
|
Public Limited Corp. |
-- |
Business Period |
17 years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
201,351,000 |
Current Liabilities |
199,147,000 |
|
Inventories |
87,637,000 |
Long-term Liabilities |
46,917,000 |
|
Fixed Assets |
8,200,000 |
Other Liabilities |
4,046,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
250,110,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
7,256,000 |
|
|
0 |
Net Worth |
47,078,000 |
|
Total Assets |
297,188,000 |
Total Liab. & Equity |
297,188,000 |
|
Total Assets (Previous Year) |
282,923,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
877,050,000 |
Net Profit |
Not Available |
|
Sales(Previous yr) |
989,887,000 |
Net Profit(Prev.yr) |
1,397,000 |
MIRA INFORM
REPORT
|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
NOUVELLE CREDITS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4316/17, 3rd Floor, Saini Market, Bahadur Garh Road, Sadar
Bazar, New Delhi – 110006 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.07.1996 |
|
|
|
|
Com. Reg. No.: |
55-80254 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.39.822
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65900DL1996PTC080254 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELN02824D |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Dealers in all kinds of Plastic Raw Materials and Chemicals. |
|
|
|
|
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 180000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There
appears some dip in the turnover during 2012 and the profitability is also low.
However, trade relations are reported as 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.
LOCATIONS
|
Registered Office : |
4316/17, 3rd Floor, Saini Market, Bahadur Garh Road, Sadar
Bazar, New Delhi – 110006, India |
|
Tel. No.: |
91-11-23633792/ 55386527 |
|
Fax No.: |
91-11-23633793 |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Gyan Prakash Luharuwala |
|
Designation : |
Director |
|
Address : |
143, PN Malliah Road, Raniganj – 713347, West Bengal, India |
|
Date of Appointment : |
08.03.2010 |
|
DIN No.: |
02340881 |
|
|
|
|
Name : |
Mr. Vishal Tekriwal |
|
Designation : |
Director |
|
Address : |
1, |
|
Date of Birth/Age : |
20.06.1984 |
|
Date of Appointment : |
21.06.2009 |
|
DIN No.: |
02687675 |
MAJOR SHAREHOLDERS
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Satya Prakash Agarwal |
|
100 |
|
M |
|
100 |
|
Shan Mercantile Private Limited |
|
60000 |
|
Bijay Kumar Tekriwal |
|
1500 |
|
Late Beni Prasad Tekriwal |
|
154000 |
|
Nihon Impex Private Limited |
|
40000 |
|
Sampark Consultants Private Limited |
|
40000 |
|
Piyush Fiscal Limited |
|
40000 |
|
Norplex Commerce Private Limited |
|
40000 |
|
Manifold Sales Promotion Private Limited |
|
30000 |
|
RGF Capital Market Limited |
|
600000 |
|
RGF Builders and Investment Private Limited |
|
100000 |
|
Badri Prasad Tekriwal |
|
160000 |
|
Bhawani devi Tekriwal |
|
69000 |
|
Sajan Kumar Tekriwal |
|
23000 |
|
Sita Ram Tekriwal |
|
46500 |
|
Sushil Kumar Tekriwal |
|
11500 |
|
Sanjay Kumar Tekriwal |
|
1500 |
|
Classic Global Securities Limited |
|
100000 |
|
Unisys Softwares and Holding Industries Limited |
|
200000 |
|
Shakuntala Devi Tekriwal |
|
265000 |
|
Shipra Retailers Private Limited |
|
250000 |
|
Vinayak Tie-up Private Limited |
|
250000 |
|
Ramesh Mercantile Private Limited |
|
150000 |
|
Shreyas Holding Private Limited |
|
250000 |
|
R A Trading Private Limited |
|
250000 |
|
Bhagyashri Trading Private Limited |
|
250000 |
|
Prechha Commercials (p) Limited |
|
100000 |
|
Shivalik consultancy services |
|
250000 |
|
Usha Polychem India Private Limited |
|
250000 |
|
Total |
|
3982200 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
81.61 |
|
Directors or relatives of Directors |
18.39 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealers in all kinds of Plastic Raw Materials and Chemicals. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
Jammu and Kashmir Bank Limited, Sadar Bazar,
Delhi – 110006, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lavlesh and Associates Chartered Accountants |
|
Address : |
C – 14, 2nd Floor, South Extn – 2, |
|
Tel. No.: |
91-11-46049310 |
|
Fax No.: |
91-11-46049310 |
|
E-Mail : |
|
|
PAN.: |
AAGPB2528Q |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3982200 |
Equity Shares |
Rs.10/- each |
Rs.39.822
Millions |
|
|
|
|
|
Rights and
restrictions attached to shares
The company has only one class of shares with par value of Rs,10 per share. Each shareholder has is eligible for one vote per share held. Dividend, if proposed by directors, is subject to approval of shareholders, in the ensuing Annual General Meeting.
Reconciliation of
Share Capital As on 31.03.2012
Reconciliation of No. of Shares outstanding at the beginning & at the end of the year
|
Equity shares |
As at 31-03-2012 |
|
|
|
No. of shares |
Rs in Millions |
|
At the beqinninq of the year |
3,982,200 |
39.822 |
|
Alloted dunnq the year |
- |
- |
|
Outstanding at the end of the year |
3,982,200 |
39.822 |
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 |
39.822 |
39.822 |
39.822 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
7.256 |
6.575 |
4.518 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
47.078 |
46.397 |
44.340 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
46.917 |
10.680 |
60.311 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
46.917 |
10.680 |
60.311 |
|
|
DEFERRED TAX LIABILITIES |
0.090 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
TOTAL |
94.085 |
57.177 |
104.751 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.200 |
0.870 |
0.521 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
87.637
|
123.926 |
40.617 |
|
|
Sundry Debtors |
113.960
|
79.843 |
55.267 |
|
|
Cash & Bank Balances |
48.352
|
32.210 |
3.623 |
|
|
Other Current Assets |
38.149
|
42.257 |
0.000 |
|
|
Loans & Advances |
0.890
|
2.817 |
47.172 |
|
Total
Current Assets |
288.988
|
281.053 |
146.679 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
137.390
|
156.251 |
34.187 |
|
|
Other Current Liabilities |
61.757
|
66.592 |
6.332 |
|
|
Provisions |
3.956
|
2.903 |
1.982 |
|
Total
Current Liabilities |
203.103
|
225.746 |
42.501 |
|
|
Net Current Assets |
85.885
|
55.307 |
104.178 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.052 |
|
|
|
|
|
|
|
|
TOTAL |
94.085 |
57.177 |
104.751 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
877.050 |
989.887 |
698.014 |
|
|
|
Other Income |
2.238 |
1.782 |
11.088 |
|
|
|
TOTAL (A) |
879.288 |
991.669 |
709.102 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
871.019 |
982.941 |
700.283 |
|
|
|
Administrative, Selling & Other Expenses |
|
2.171 |
1.586 |
|
|
|
TOTAL (B) |
871.019 |
985.112 |
701.869 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.269 |
6.557 |
7.233 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.893 |
3.569 |
4.674 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.376 |
2.988 |
2.559 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.010 |
0.007 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.376 |
2.978 |
2.551 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
1.581 |
1.144 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
NA |
1.397 |
1.407 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
2.057 |
1.683 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
0.14 |
0.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.38
|
0.30 |
0.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.14
|
1.06 |
1.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.06 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.00
|
0.23 |
1.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42
|
1.24 |
3.45 |
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 |
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] |
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 |
FINANCIAL RESULTS:
The company has made a profit of Rs. 3.376 Millions in comparison to profit of Rs. 2.978 Millions during the previous year.
BANKERS CHARGES
REPORT AS PER REGISTRY:
|
Corporate
identity number of the company |
U65900DL1996PTC080254 |
|
Name of the company
|
NOUVELLE CREDITS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
4316/17 3 Rdsaini Market Bg Road, Sadar Bazar, New Delhi – 110006, India |
|
This form is for |
Creation of charge |
|
Type of charge |
· Immovable property · Book debts · Movable property (not being pledge) |
|
Particular of
charge holder |
The Jammu and Kashmir Bank Limited, Sadar Bazar Delhi – 110006, India |
|
Nature of
instrument creating charge |
Loan Agreement
Executed On 21/11/2012 |
|
Date of instrument
Creating the charge |
21.11.2012 |
|
Amount secured by
the charge |
Rs.375.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As Per Febd
Guidelines Terms of Repayment As Per Agreement Margin Stock-25% Book Debt-40% Extent and Operation of the charge As Per Agreement |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Free-hold properties situated at G-73, kirti nagar, delhi measuring 200 sq. yards, along with a building constructed thereon consisting of basement, ground, first, II and floor and roof thereon. personal guarantee of 2 directors, third party guarantee of 2 persons other properties as per sanction letter/loan agreement at sohna, sushant lok, Dlf qutub enclave, Gurgaon, Bangalore, flag staff road, Delhi tek enterprises private limited puja polyplastic private limited venture polymers private limited. |
FIXED ASSETS:
· Land and Building
· Air Conditioner
· Computer
· Fire Extinguisher
· Inverter
· Car
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.54.71 |
|
|
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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 |
|
- |
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.