1. Summary Information
|
Country |
|
||
|
Company Name |
LINK TELECOM
PRIVATE LIMITED |
Principal Name 1 |
Mr. Subhash Subberwal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Deepak Gupta |
|
Registration # |
21-094239 |
||
|
Street Address |
23A, |
||
|
Established Date |
15.02.2002 |
SIC Code |
-- |
|
Telephone# |
91-33-24863427 |
Business Style 1 |
Distributor |
|
Fax # |
91-33-24863426 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Samsung Handset Mobiles |
|
# of employees |
Not Available |
Product Name 2 |
Accessories |
|
Paid up capital |
Rs.32,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 50.00% Directors or relatives of Directors - 38.00 % Other top fifty shareholders - 12.00% |
Banking |
Standard Chartered Bank |
|
Public Limited Corp. |
-- |
Business Period |
11 Years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
Ba
(45) |
|
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 |
511,757,000 |
Current Liabilities |
400,444,000 |
|
Inventories |
400,941,000 |
Long-term Liabilities |
255,393,000 |
|
Fixed Assets |
2,790,000 |
Other Liabilities |
38,500,000 |
|
Deferred Assets |
102,000 |
Total Liabilities |
694,337,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
188,753,000 |
|
|
0 |
Net Worth |
221,253,000 |
|
Total Assets |
915,590,000 |
Total Liab. & Equity |
915,590,000 |
|
Total Assets (Previous Year) |
1,119,025,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
7,844,193,000 |
Net Profit |
76,813,000 |
|
Sales(Previous yr) |
7,270,285,000 |
Net Profit(Prev.yr) |
102,691,000 |
MIRA INFORM REPORT
|
Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
LINK TELECOM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
23A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.02.2002 |
|
|
|
|
Com. Reg. No.: |
21-094239 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.32.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64202WB2002PTC094239 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALL01081D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL7909A |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Distributor of Samsung Handset Mobiles and Accessories. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 880000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are fair. Business is active. Payments are reported as
usually correct and as per commitments. The company can be considered normal for 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.
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 : |
23A, |
|
Tel. No.: |
91-33-24863427 |
|
Mobile No.: |
91-9830962162 (Mr. Rajesh Khanna) |
|
Fax No.: |
91-33-24863426 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located at: · Bhunaveshar ·
|
DIRECTORS
As on: 03.07.2012
|
Name : |
Mr. Subhash Subberwal |
|
Designation : |
Chairman |
|
Address : |
112A, Block A , 5th Floor, Tivoli Court, Ballygunge
Circular Road, Kolkata-700 019, West Bengal, India |
|
Date of Birth/Age : |
12.03.1943 |
|
Qualification : |
B.SC, MBA, IIM, Cal |
|
Experience : |
41 Years |
|
Date of Appointment : |
WB/23/146/147537 |
|
DIN No.: |
00822777 |
|
|
|
|
Name : |
Mr. Deepak Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
II / DIO / Aasha, |
|
Date of Birth/Age : |
22.09.1958 |
|
Qualification : |
B.Sc. Diploma in Marketing Management |
|
Experience : |
25 Years |
|
Date of Appointment : |
15.02.2002 |
|
DIN No.: |
00823856 |
|
|
|
|
Name : |
Mr. Amit Jalan |
|
Designation : |
Director |
|
Address : |
25B, |
|
Date of Birth/Age : |
10.11.1966 |
|
Qualification : |
B.A. |
|
Experience : |
20 Years |
|
Date of Appointment : |
04.08.2009 |
|
DIN No.: |
01554731 |
|
|
|
|
Name : |
Mr. Akshay Jalan |
|
Designation : |
Director |
|
Address : |
7E, Rajanigandha 25, |
|
Date of Birth/Age : |
25.09.1981 |
|
Qualification : |
B.Sc. Economics in Finance and Management |
|
Experience : |
5 Years |
|
Date of Appointment : |
04.08.2009 |
|
DIN No.: |
02613137 |
MAJOR SHAREHOLDERS
As on: 03.07.2012
|
Names of Shareholders |
|
No. of Shares |
|
Subhash Subberwal |
|
552500 |
|
Deepak Gupta |
|
552500 |
|
Anita Subberwal |
|
130000 |
|
Naina Subberwal |
|
130000 |
|
Seema Gupta |
|
130000 |
|
Nikhil Gupta |
|
130000 |
|
Jalan Brothers Private Limited, |
|
812500 |
|
Pashupati Commerce Private Limited, |
|
812500 |
|
Total |
|
3250000 |
Equity Share Break up (Percentage of Total Equity)
As on: 03.07.2012
|
Category |
Percentage |
|
Bodies corporate |
50.00 |
|
Directors or relatives of Directors |
38.00 |
|
Other top fifty shareholders |
12.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Samsung Handset Mobiles and Accessories |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Standard Chartered Bank, SME Banking, 19 N S Road, Kolkata - 700001, West Bengal, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N Shah and Company Chartered Accountants |
|
Address : |
560, Dakshindari, Lahabagan, Kolkata-700 048, West |
|
Tel. No.: |
91-33-65211210 |
|
PAN.: |
AIQPS3902F |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3250000 |
Equity Shares |
Rs.10/- each |
Rs.32.500
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 |
32.500 |
32.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
188.753 |
118.097 |
51.292 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
221.253 |
150.597 |
53.792 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
121.293 |
372.995 |
225.788 |
|
|
2] Unsecured Loans |
134.100 |
119.222 |
79.822 |
|
|
TOTAL BORROWING |
255.393 |
492.217 |
305.610 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
476.646 |
642.814 |
359.402 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.790 |
3.289 |
1.838 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.102 |
0.068 |
0.049 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
400.941
|
510.542
|
223.993
|
|
|
Sundry Debtors |
339.546
|
400.545
|
146.176
|
|
|
Cash & Bank Balances |
93.590
|
129.350
|
144.812
|
|
|
Other Current Assets |
34.450
|
0.000
|
0.000
|
|
|
Loans & Advances |
44.171
|
75.231
|
9.754
|
|
Total
Current Assets |
912.698
|
1115.668
|
524.735 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
338.100
|
359.411
|
86.156 |
|
|
Other Current Liabilities |
62.344
|
89.342
|
66.298 |
|
|
Provisions |
38.500
|
27.458
|
14.769 |
|
Total
Current Liabilities |
438.944
|
476.211
|
167.223 |
|
|
Net Current Assets |
473.754
|
639.457
|
357.512
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.003 |
|
|
|
|
|
|
|
|
TOTAL |
476.646 |
642.814 |
359.402 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7844.193 |
7270.285 |
4744.516 |
|
|
|
Other Income |
34.080 |
21.034 |
10.826 |
|
|
|
TOTAL (A) |
7878.273 |
7291.319 |
4755.342 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
7713.835 |
6914.140 |
4678.371 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
7713.835 |
6914.140 |
4678.371 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
164.438 |
377.179 |
76.971 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
48.791 |
218.663 |
22.571 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
115.647 |
158.516 |
54.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.848 |
0.670 |
0.561 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
114.799 |
157.846 |
53.839 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
37.986 |
55.155 |
19.055 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
76.813 |
102.691 |
34.784 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
70.600 |
96.500 |
30.800 |
|
|
|
Final Dividend |
0.000 |
0.000 |
2.500 |
|
|
|
Tax on Dividend |
0.795 |
0.829 |
0.552 |
|
|
|
Dividend on Equity Share-interim |
4.875 |
4.875 |
0.750 |
|
|
BALANCE CARRIED
TO THE B/S |
0.543 |
0.487 |
0.182 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
23.63 |
31.72 |
38.79S |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.97
|
1.41
|
0.73 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.46
|
2.17
|
1.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.54
|
132.69
|
10.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52
|
1.05
|
1.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.15
|
3.27
|
5.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.08
|
2.34
|
3.14 |
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 |
UNSECURED LOAN:
(Rs. In Millions)
|
Particulars |
As
on 31.03.2011 |
As
on 31.03.2010 |
|
Long Term
Borrowing |
|
|
|
Deposits from others |
|
119.222 |
|
Loans and advances from directors |
127.300 |
|
|
Total |
134.100 |
119.222 |
BANKERS CHARGES
REPORT AS PER REGISTRY:
|
Corporate
identity number of the company |
U64202WB2002PTC094239 |
|
Name of the
company |
LINK TELECOM
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
23a, Dr. Sarat Banerjee Road, Kolkata – 700029, West Bengal, India |
|
This form is for |
Creation of charge |
|
Type of charge |
|
|
Particular of
charge holder |
Standard
Chartered Bank, SME Banking, 19 N S Road, KOLKATA – 700001, West Bengal,
India |
|
Nature of
instrument creating charge |
Hypothecation
Agreement |
|
Date of
instrument Creating the charge |
17.01.2013 |
|
Amount secured by
the charge |
Rs.150.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate(Currently
9.5%)+3.5%p.a. on daily OD Balances. Rates are subject to change from time to
time. Terms of
Repayment OD Facility
Rs.15Crore is repayable on demand and to be reviewed on 13/01/2014 Payment
undertaking for BC is valid for Max 90 days BG Facility is
valid for 36 Months Financial
Guarrantee Facility is valid for 36 months Forex Forward LER
Facility is valid for 90 days. Margin 25% of the Stock
and Book debts (upto 90 days) less Creditors Extent and
Operation of the charge The charged security
be a continuing security and by way of first charge parri passu with Citibank
N.A. The company
hereby declare that all the charged assets now existing are absolute property
of and at the sole disposal of the company and free from any prior charge or
encumbrance and undertake that all the future property shall like wise be the
unencumbered and absolute and disposal property of the company. Others The charged
security shall be kept at the Co's risk and expenses in good condition and
fully insured against loss or damage by fire , theft etc and also against
other loss or damages may be required by the Bank. The charged goods
and all sales realisation and insurance proceeds thereof and all the
documents under this security shall be held as bank's exclusive property. Other terms are as per Sanction letter and
Hypothecation Agreement etc. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Company
hypothecates by way of 1st Charge parri passu with Citibank N.A.:
|
FIXED ASSETS:
·
Computer Systems
·
Air Conditioner and Water Cooler
·
Fax Machine
·
Furniture and Fixture
·
Office Equipments
·
Maruti Cargo Van
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.54.28 |
|
|
1 |
Rs.82.06 |
|
Euro |
1 |
Rs.70.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.