1. Summary Information
|
|
|
Country |
INDIA |
|
Company Name |
ARGOS INTERNATIONAL MARKETING PRIVATE LIMITED |
Principal Name 1 |
MR. RAJESH BHAGCHAND GOLECHHA |
|
Status |
MODERATE |
Principal Name 2 |
MR. IMTIAZ HUSAIN KANGA |
|
|
|
Registration # |
11-117498 |
|
Street Address |
UNIT NO.F-1, 1ST FLOOR, SHANTI NAGAR CO-OPERATIVE
INDUSTRIAL ESTATE LIMITED, VAKOLA, SANTACRUZ (EAST), MUMBAI – 400 055,
MAHARASHTRA |
||
|
Established Date |
17.12.1998 |
SIC Code |
-- |
|
Telephone# |
NOT AVAILABLE |
Business Style 1 |
MERCHANT EXPORTER |
|
Fax # |
NOT AVAILABLE |
Business Style 2 |
IMPORTER |
|
Homepage |
Product Name 1 |
POLYMER BASED PACKAGING MATERIAL |
|
|
# of employees |
20 (APPROXIMATELY) |
Product Name 2 |
BULK DRUGS |
|
Paid up capital |
RS.2,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE-100% |
Banking |
UNION BANK OF INDIA |
|
Public Limited Corp. |
NO |
Business Period |
15 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
OTHER
RELATED PARTIES |
-- |
KALPATARU PROPERTIES PRIVATE LIMITED |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
71,719,000
|
Current Liabilities |
61,826,000
|
|
Inventories |
9,215,000
|
Long-term Liabilities |
18,117,000 |
|
Fixed Assets |
6,085,000 |
Other Liabilities |
510,000
|
|
Deferred Assets |
1,477,000 |
Total Liabilities |
80,453,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
5,543,000 |
|
|
|
Net Worth |
8,043,000 |
|
Total Assets |
88,496,000 |
Total Liab. & Equity |
88,496,000 |
|
Total Assets (Previous Year) |
74,707,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
326,096,000 |
Net Profit |
(1,842,000) |
|
Sales(Previous yr) |
650,474,000 |
Net Profit(Prev.yr) |
659,000 |
MIRA
INFORM REPORT
|
Report Date : |
19.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ARGOS INTERNATIONAL MARKETING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.F-1, 1st Floor, Shanti Nagar Co-Operative Industrial
Estate Limited, Vakola, Santacruz (East), Mumbai – 400 055, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.12.1998 |
|
|
|
|
Com. Reg. No.: |
11-117498 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1998PTC117498 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA21641E MUMA12959C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA7471P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Merchant Exporter and Importer of Polymer based Packaging Material,
Bulk Drugs. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 32000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears
some dip in the turnover and the company has also incurred a loss during the
current year. 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) |
|
|
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
|
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 : |
Unit No.F-1, 1st Floor, Shanti Nagar Co-Operative
Industrial Estate Limited, Vakola, Santacruz (East), Mumbai – 400 055,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
101, Kalpataru Synergy, 8th Floor, Opposite Grand Hyatt,
Santacruz (East), Mumbai – 400 055, Maharashtra, India |
|
Tel. No.: |
91-22-30642000 (20 Lines) |
|
Fax No.: |
91-22-30642050 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Rajesh Bhagchand Golechha |
|
Designation : |
Director |
|
Address : |
294/16, Kalpataru Horizon, S.K. Ahire Marg, Worli, Mumbai – 400 018,
Maharashtra, India |
|
Date of Birth/Age : |
13.08.1964 |
|
Date of Appointment : |
17.12.1998 |
|
DIN No.: |
00037455 |
|
|
|
|
Name : |
Mr. Imtiaz Husain Kanga |
|
Designation : |
Director |
|
Address : |
1, Kalpataru, 39, Dr. G. Deshmukh Marg, Mumbai – 400 026, Maharashtra,
India |
|
Date of Birth/Age : |
30.08.1952 |
|
Date of Appointment : |
16.08.2000 |
|
DIN No.: |
00136272 |
|
|
|
|
Name : |
Mr. Anuj Amar Munot |
|
Designation : |
Director |
|
Address : |
Kalpataru Horizon, 214/224 A, S.K. Ahire Marg, Worli, Mumbai – 400
018, Maharashtra, India |
|
Date of Birth/Age : |
15.11.1977 |
|
Date of Appointment : |
12.01.2005 |
|
DIN No.: |
00136204 |
|
|
|
|
Name : |
Ms. Sudha Rajesh Golechha |
|
Designation : |
Director |
|
Address : |
294/16, Kalpataru Horizon, S.K. Ahire Marg, Worli, Mumbai – 400 018, Maharashtra,
India |
|
Date of Birth/Age : |
25.11.1964 |
|
Date of Appointment : |
01.01.2009 |
|
DIN No.: |
00646341 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Spruce Agro Farms Private Limited, India |
125000 |
|
Spruce Orchards Private Limited, India |
125000 |
|
TOTAL
|
250000 |
As on 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Merchant Exporter and Importer of Polymer based Packaging Material,
Bulk Drugs. |
PRODUCTION STATUS: (AS ON 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Tablets |
Nos. |
887000 |
|
Liquids |
Ltrs. |
2189 |
|
Creams |
Kgs. |
2530 |
GENERAL INFORMATION
|
No. of Employees : |
20 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
Union Bank of India, 66/80, Mumbai, Samachar
Marg, Fort, Mumbai - 400 023, Maharashtra, India ·
Axis Bank Limited, Unit No.C-2, Wadia
International Centre, Axis House, Bombay Dyeing Mills Compound, Pandurang
Budhkar Marg, Worli, Mumbai – 400 025, Maharashtra, India |
||||||||||||||||||
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|
||||||||||||||||||
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Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
MGB and Company Chartered Accountants |
|
Address : |
Jolly Bhavan 2, 1st Floor, 7, New Marine Lines, Churchgate,
Mumbai – 400 020, Maharashtra, India |
|
Tel. No.: |
91-22-66332330 |
|
Fax No.: |
91-22-66351545 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No.: |
AAAFM5742R |
|
|
|
|
Other Related Parties : |
·
Kalpataru Properties Private Limited ·
Kalpataru Limited |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500
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 |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5.543 |
7.385 |
6.725 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
8.043 |
9.885 |
9.225 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
17.689 |
1.850 |
5.967 |
|
|
2] Unsecured Loans |
0.428 |
19.253 |
0.000 |
|
|
TOTAL BORROWING |
18.117 |
21.103 |
5.967 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
26.160 |
30.988 |
15.192 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.085 |
7.097 |
9.280 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
1.477 |
0.653 |
0.407 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.215
|
29.885
|
21.213 |
|
|
Sundry Debtors |
55.574
|
24.649
|
6.145 |
|
|
Cash & Bank Balances |
10.431
|
6.252
|
0.374 |
|
|
Other Current Assets |
0.377
|
1.124
|
0.000 |
|
|
Loans & Advances |
5.337
|
5.047
|
5.995 |
|
Total
Current Assets |
80.934
|
66.957
|
33.727 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
50.448
|
36.965
|
21.683 |
|
|
Other Current Liabilities |
11.378
|
6.333
|
6.342 |
|
|
Provisions |
0.510
|
0.421
|
0.197 |
|
Total
Current Liabilities |
62.336
|
43.719
|
28.222 |
|
|
Net Current Assets |
18.598
|
23.238
|
5.505 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
26.160 |
30.988 |
15.192 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
326.096 |
650.474 |
311.706 |
|
|
|
Other Income |
1.301 |
1.356 |
7.201 |
|
|
|
TOTAL |
327.397 |
651.830 |
318.907 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
330.063 |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
330.063 |
650.822 |
317.328 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(2.666) |
1.008 |
1.579 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.824) |
0.349 |
0.563 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(1.842) |
0.659 |
1.016 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
7.384 |
6.725 |
5.709 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5.542 |
7.384 |
6.725 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of Exports |
49.108 |
522.971 |
303.383 |
|
|
|
Commission |
8.874 |
6.331 |
4.057 |
|
|
TOTAL EARNINGS |
57.982 |
529.302 |
307.440 |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
224.231 |
96.828 |
16.370 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(7.37) |
2.64 |
4.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(0.56) |
0.10
|
0.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(0.82) |
0.15
|
0.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.06) |
1.36
|
3.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.33) |
0.10
|
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.25 |
2.13
|
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.53
|
1.20 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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 |
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 |
Note:
The registered office of the company has been shifted from 101, Kalpataru
Synergy, Opposite Grand Hyatt, Santacruz (East), Mumbai – 400 055, Maharashtra,
India to the present address w.e.f. 30.03.2011.
|
Unsecured Loans |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loan from related
party |
0.428 |
19.253 |
|
Total |
0.428 |
19.253 |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U51900MH1998PTC117498 |
|
Name of the company |
ARGOS INTERNATIONAL MARKETING PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Unit No.F-1, 1st Floor, Shanti Nagar Co-Operative
Industrial Estate Limited, Vakola, Santacruz (East), Mumbai – 400 055,
Maharashtra, India E-Mail: bapna.prakash@gmail.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10351605 |
|
Type of charge |
·
Book debts ·
Movable property (not being pledge) ·
Others (All Current Assets) |
|
Particular of charge holder |
Axis Bank Limited, Corporate Office, Bombay Dyeing Mills Compound,
Ground Floor, Pandurang Budhkar Marg, Worli, Mumbai – 400 025, Maharashtra,
India E-Mail: Rajesh.Laxman@axisbank.com |
|
Nature of instrument creating charge |
Agreement dated 1st September, 2012 executed between the
Company (Borrower), Axis Bank Limited (the Bank) and the Guarantors and
Mortgagor stating that the aggregate Principal Facilities amounting to
Rs.49.000 millions have been realigned ("Revised Principal
Facilities") by the Bank |
|
Date of instrument Creating the charge |
01.09.2012 |
|
Amount secured by the charge |
Rs.49.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of
interest: 1. LC : Inland and Foreign LCs 2 CC: Base Rate + 3.50% i.e. presently 13.50% 3. EPC upto 180 days: Base Rate + 3% 4. BG Comm. 75%of bank Std. Charge Terms of
repayment: 1. LC : Maximum 180 Days including Lead Period 2. Cash Credit - On Demand 3. EPC:- Up to 180 days or
expiry of contract/ export letters of credit for shipment whichever is
earlier. 4. BG - 13 Months (Including claim period) Margin: 1. LC : Cash margin of 10% 2. Cash Credit - 25% on Stock & Book debts upto 60 days 3. EPC Limit - 25% 4. BG - Cash margin of 10% Extent and
operation of the charge: Hypothecation of all the stock in trade both present and future
consisting stock including raw material, stock in process, finished goods,
cash, and other current assets, being movable properties. |
|
Short particulars of the property charged (Including location of the
property) |
Hypothecation of all the stock in trade both present and future
consisting stock including raw material, stock in process, finished goods,
cash, and other current assets, being movable properties. |
|
Particulars of the present modification |
The Axis bank Limited (the Bank) has realigned the Principal
Facilities availed by the Company (the Borrower) amounting to Rs.49.000
millions. After current modification the aggregate amount on which charge has
been created remains unchanged at Rs.49.000 millions. |
FIXED ASSETS
Tangible Assets
·
Office Equipments
·
Computers
·
Furniture and Fixtures
·
Vehicles
Intangible Assets
·
Software
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.54.29 |
|
|
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.70.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.