MIRA
INFORM REPORT
|
Report Date : |
11.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
TEAM GLOBAL LOGISTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
701-702, Times Square Building, Andheri Kurla Road, Mumbai-400059,
Maharashtra |
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
Date of
Incorporation : |
25.04.2005 |
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|
|
|
Com. Reg. No.: |
11-152812 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.250
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH2005PTC152812 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Subject is engaged in the business of international freight forwarding
and allied activities. |
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No. of Employees
: |
50 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 456000 |
|
|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record.
Financially performance seems to be strong. Liquidity position appears to be good.
Trade relations are reported to be fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered for normal 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.
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 [GENERAL DETAILS]
|
Name : |
Mr. Nityam Keshavchander Khosla |
|
Designation : |
Director |
|
Contact No.: |
91-9867444300 |
|
Date : |
09.03.2013 |
LOCATIONS
|
Registered / Corporate Office : |
701-702, A Wing, 7th Floor, Times Square Building, Andheri
Kurla Road, Mumbai-400059, Maharashtra, India |
|
Tel. No.: |
91-22-67549800 |
|
Mobile No.: |
91-9867444300 [Mr. Nityam Keshavchander Khosla] |
|
Fax No.: |
91-22-67549886 |
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E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
|
|
|
Branch Office : |
Unit No. 111, 4 Marwah Estate, Saki Vihar Road, Andheri (East),
Mumbai-400072, Maharashtra, India |
|
Tel No.: |
91-22-67264500 |
|
Fax No.: |
91-22-67264599 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Nityam Keshavchander Khosla |
|
Designation : |
Director |
|
Address : |
801, Sea Hill Apartment, Opposite Shatranj Hotels, Union Park, Khar,
Mumbai-400052, Maharashtra, India |
|
Date of Birth/Age : |
05.05.1968 |
|
Date of Appointment : |
21.07.2005 |
|
Din No.: |
00229860 |
|
|
|
|
Name : |
Mr. Vivek Raghunath Kele |
|
Designation : |
Director |
|
Address : |
1202/Glencroft, Hiranandani Garden, Powai, Mumbai-400076, Maharashtra,
India |
|
Date of Birth/Age : |
19.08.1969 |
|
Date of Appointment : |
21.07.2005 |
|
Din No.: |
00229398 |
|
|
|
|
Name : |
Mr. Klaus Henry Jepsen |
|
Designation : |
Director |
|
Address : |
35, Bailey Mill Road, P.O. Box, 231, New Vernon, NJ-07976, USA |
|
Date of Birth/Age : |
16.01.1975 |
|
Date of Appointment : |
12.08.2008 |
|
Din No.: |
02435537 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vivek Raghunath Kele |
|
25000 |
|
Sapana Vivek Kele |
|
75000 |
|
Nityam Keshavchander Khosla |
|
62500 |
|
Aarti N. Khosla |
|
37500 |
|
Rajesh K. Bhanushali |
|
100000 |
|
Aarti N. Khosla |
|
37500 |
|
Nityam K. Khosla |
|
62500 |
|
Vivek Raghunath Kele |
|
100000 |
|
Forward-Shipping A/S |
|
125000 |
|
|
|
|
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TOTAL
|
|
625000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
20.00 |
|
Directors
or relatives of directors |
|
64.00 |
|
Other
top fifty shareholders |
|
16.00 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of international freight forwarding
and allied activities. |
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|
|
|
Products/ Services : |
International Freight Forwarding |
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Exports : |
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|
Countries : |
·
UK ·
USA ·
Dubai |
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Terms : |
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Selling : |
Cheque |
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Purchasing : |
Cheque |
GENERAL INFORMATION
|
Customers : |
Others |
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No. of Employees : |
50 [Approximately] |
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Bankers : |
Citibank N.A., Trent House, 2nd Floor, G Block, Plot No. C
60, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
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Facilities : |
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Banking Relations
: |
-- |
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|
|
|
Auditors : |
|
|
Name : |
PHD and Associates Chartered Accountants |
|
Address : |
Radha Chambers, Level 3, Telli Park Lane, Andheri (East),
Mumbai-400069, Maharashtra, India |
|
Tel. No.: |
91-22-26820083 |
|
Fax No.: |
91-22-26830824 |
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E-Mail : |
|
|
Website: |
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|
PAN No: |
AALFP4587E |
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|
|
|
Associates : |
Forward Shipping A/S |
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 |
|
625000 |
Equity Shares |
Rs.10/- each
|
Rs.6.250
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 |
6.250 |
6.250 |
6.250 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
107.996 |
64.832 |
33.210 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
114.246 |
71.082 |
39.460 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
98.876 |
42.723 |
18.257 |
|
|
2] Unsecured Loans |
32.827 |
15.750 |
15.750 |
|
|
TOTAL BORROWING |
131.703 |
58.473 |
34.007 |
|
|
DEFERRED TAX LIABILITIES |
0.508 |
0.000 |
0.765 |
|
|
|
|
|
|
|
|
TOTAL |
246.457 |
129.555 |
74.232 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
82.655 |
26.059 |
22.513 |
|
|
Capital work-in-progress |
0.000 |
0.110 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
13.404 |
9.547 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.201 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
175.248
|
140.030 |
119.801 |
|
|
Cash & Bank Balances |
44.632
|
24.073 |
22.796 |
|
|
Other Current Assets |
3.464
|
4.928 |
22.131 |
|
|
Loans & Advances |
44.853
|
32.703 |
1.610 |
|
Total
Current Assets |
268.197
|
201.734 |
166.338 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
89.103
|
81.932 |
56.674 |
|
|
Other Current Liabilities |
22.742
|
19.649 |
41.217 |
|
|
Provisions |
5.954
|
6.515 |
16.728 |
|
Total
Current Liabilities |
117.799
|
108.096 |
114.619 |
|
|
Net Current Assets |
150.398
|
93.638 |
51.719 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
246.457 |
129.555 |
74.232 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
348.900 |
240.700 |
184.600 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
259.200 |
182.600 |
137.400 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
259.200 |
182.600 |
137.400 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
89.700 |
58.100 |
47.200 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.900 |
5.800 |
3.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
79.800 |
52.300 |
43.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.700 |
3.600 |
3.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
70.100 |
48.700 |
40.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
22.700 |
17.000 |
14.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
47.400 |
31.700 |
25.800 |
|
|
|
|
|
|
|
|
|
Add/ Less |
PRIOR YEAR
ADJUSTMENT |
(0.600) |
(0.100) |
(0.400) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
55.800 |
24.200 |
15.200 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
4.700 |
0.000 |
2.700 |
|
|
|
Proposed Dividend |
3.100 |
0.000 |
12.500 |
|
|
|
Tax on Dividend |
0.500 |
0.000 |
2.000 |
|
|
BALANCE CARRIED
TO THE B/S |
94.300 |
55.800 |
24.200 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
74.87 |
50.60 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
13.59
|
13.17 |
13.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.97
|
21.37 |
21.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.61
|
0.69 |
1.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.15
|
0.82 |
0.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.27
|
1.87 |
1.45 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Sundry Creditors |
89.103
|
81.932 |
56.674 |
|
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 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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] |
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 |
NOTE:
The registered office of the company has been shifted from Gyan Bhavan, Ground Floor, 8, Kumptha Street, Ballard Estate, Mumbai-400038, Maharashtra, India to the present address w.e.f.22.08.2011.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Deposits [Inter Corporate Loans] |
28.720 |
15.750 |
|
Loans Repayable on Demand From Related Party |
4.107 |
0.000 |
|
TOTAL
|
32.827 |
15.750 |
PERFORMANCE REVIEW:
The period was
challenging and opportunistic for the company as macroeconomic environment
continued to remain unstable and volatile. In-spite of all odds, the company
recorded significant growth and robust performance at all levels. The growth
oriented performance is grossly attributed to company's customers-centric
approach and its ability to innovate customer specific solutions, focus on
pricing and aggressive marketing strategy, disciplined project executions,
focused management approach, prudent financial and human resources management
and ensuring better control, over cost.
The company
already has a network of strong Associates globally which ensures quality
service to its clients. During the year this conglomerate of Associates was
further strengthened with additional companies in order to extend our
geographical reach globally. During the year the newly founded branches at
Hyderabad made their presence felt and better results are expected in the
coming years from these locations in addition to the other locations.
The company
believes that people are its important assets and has always endeavored to
procure quality manpower. The Management too spends a lot of time to interact
with the team to give insights into the intricacies of the. Business so as to enable
them offer effective solutions to the customer.
The company's
professional approach and strong focus on business development has resulted in
significant improvement in business and acquisition of large customers which is
reflected in the Financials mentioned above summarized below:
The Income from
Operation and Other Income of the Company for the financial year 201 1-12 stood
at Rs 348.900 Millions as against
previous years Rs 240.700 Millions i.e. a 45 percent increase over the previous
year. The Profit before tax increased to Rs 70.100 Millions as against Rs 48.600 Millions of the
previous year i.e. and increase of 44 percent over the previous year. Profit
after tax stood at 46.800 Millions as against Rs 31.600 Millions in the
previous year i.e. an increase of 48 percent over the previous year.
GENERAL INFORMATION:
Subject is
primarily engaged in the business of international freight forwarding and
allied activities. Other activities include software development and operating
heavy commercial vehicles.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U63090MH2005PTC152812 |
|
Name of the
company |
TEAM GLOBAL
LOGISTICS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
701-702, A Wing, 7th Floor, Times Square Building, Andheri
Kurla Road, Mumbai-400059, Maharashtra, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Floating Charge |
|
Particular of
charge holder |
Citibank N.A., Trent House, 2nd Floor, G Block, Plot No. C
60, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India Email: vlaxman@vsnl.com |
|
Nature of
description of the instrument creating or modifying the charge |
Goods Security
Agreement Cum Loan Agreement for Hypothecation of Stocks, Book Debts, Plant
and Machinery for property mortgage. |
|
Date of instrument
Creating the charge |
09.01.2012 |
|
Amount secured by
the charge |
Rs.45.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest as may
be stipulated by the Bank from time to time. Terms of Repayment On demand Margin Margin as may be
stipulated by the Bank from time to time. Extent and Operation of the charge The hypothecated
Assets by way of first exclusive charge shall remain as security to the Bank for
the due repayment by Borrower to the Bank of the credit facilities together
with interest, costs, charges and expenses and other monies payable by the
Borrowers and also for due payment and discharge of all
indebtedness/liability of the Borrowers to the Bank. The Company
further agrees to create first exclusive charge on Immovable Properties of
the Company situated at Powai, Mumbai-400076. Others The Company
expressly recognizes and accepts that the Bank shall be absolutely entitled
and have full power/authority to sell, assign or transfer in any manner and
on such terms as the Bank may decide any or all outstanding dues of the
Company to any third party of the Bank's choice without any further reference
or intimation to the Company. |
|
Short particulars
of the property charged |
The whole of
Borrower's present and future Stocks of raw materials, goods in process of
manufacture, semi-finished goods and all finished and manufactured goods All the
Borrower's present and future book debts, outstanding monies, receivables,
claims, bills, investment, rights to or on movable properties and moveable
assets All the
Borrower's present and future movable plant, Machinery, Vehicles and
equipments belonging to the Borrower which now are or may hereinafter from time
to time during. |
FIXED ASSETS:
·
Lease Improvements
·
Heavy Commercial Vehicles
·
Office Equipments
·
Computer
·
Vehicles
·
Furniture and Fixtures
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.54.40 |
|
|
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.