MIRA INFORM REPORT
|
Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAPLELEAF DISTRIBUTION PRIVATE
LIMITED (w.e.f. 08.05.2007) |
|
|
|
|
Formerly Known
As : |
MURARKA
CLEARING AGENTS PRIVATE LIMITED MURARKA STEEL AGENCIES
PRIVATE LIMITED |
|
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|
|
Registered
Office : |
E 501, Dheeraj Heritage Residency
No. II, Daulat Nagar, Santacruz (West), Mumbai – 400 054, Maharashtra |
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|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
06.03.1991 |
|
|
|
|
Com. Reg. No.: |
11-060637 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.200
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109MH1991PTC060637 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Trader and Importer of Food Products. |
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|
|
|
No. of Employees
: |
Not Divulged |
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 17000 |
|
|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The company possesses a moderate financial profile marked by
increasing external borrowings and modest networth position during 2013. The ratings also take into consideration a dip in its sales volume, as
well as net profitability which has further impacted the profit margin of the
company. However, trade relations appear to be fair. Business is active.
Payment terms are reported as 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital firms
in India during 2013, registering a drop of about 18 % over the previous year.
The Information Technology and IT-Enabled Services Industry retained its
status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
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 DECLINED BY
|
Name : |
Mr. Niraj Rattanchand Murarka |
|
Designation : |
Managing Director |
|
Contact No.: |
91-22-26494274 |
|
Date : |
18.02.2014 |
LOCATIONS
|
Registered Office : |
E 501, Dheeraj Heritage
Residency No. II, Daulat Nagar, Santacruz (West), Mumbai – 400 054,
Maharashtra, India |
|
Tel. No.: |
91-22-64118822 |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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Administrative Office : |
F4, Hi Life Mall, First Floor, Santacruz (West), Mumbai – 400 054,
Maharashtra, India |
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Tel. No.: |
91-22-26494274 |
|
E-Mail : |
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|
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Warehouse : |
Unit No.8, Building No. XI, Shri Arihant Compound, Village
Kalher, Taluka Bhiwandi District, Thane – 421 302, Maharashtra, India |
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Tel. No.: |
9125-22270535/ 66 |
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E-Mail : |
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Distribution Office : |
28, New Shopping Center, Government Colony, Bandra East,
Mumbai – 400 051,
Maharashtra, India |
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Tel. No.: |
91-22-65803472 |
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E-Mail : |
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Branch Office : |
Located at: ·
Amritsar ·
Chandigarh ·
New Delhi ·
Jaipur ·
Lucknow ·
Kanpur ·
Ahmedabad ·
Rajkot ·
Vadodara ·
Bhopal ·
Indore ·
Nagpur ·
Kolkata ·
Bhubaneshwar ·
Mumbai ·
Pune ·
Visakhapatnam ·
Hyderabad ·
Bangalore ·
Chennai ·
Coimbatore ·
Cochin |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Niraj Rattanchand Murarka |
||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||
|
Address : |
557, Chira Bazar, 2nd
Floor, Mumbai – 400 002, Maharashtra, India |
||||||||||||||||||
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Date of Birth/Age : |
10.09.1972 |
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Date of Appointment : |
15.03.2011 |
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DIN No.: |
00341315 |
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Other Directorship:
|
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|
||||||||||||||||||
|
Name : |
Ms. Monali Niraj Murarka |
||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||
|
Address : |
101, The Ark, S.V Road,
Santacruz (West), Mumbai – 400 054, Maharashtra, India |
||||||||||||||||||
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Date of Birth/Age : |
11.05.1973 |
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Date of Appointment : |
01.03.2011 |
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DIN No.: |
03398508 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Niraj
Murarka |
|
70000 |
|
Rattanchand
Murarka jointly with Darsh Murarka |
|
6000 |
|
Rattanchand
Murarka jointly with Devansh Murarka |
|
6000 |
|
Rattanchand
Murarka jointly with Rattanchand Anuj Murarka (HUF) |
|
1000 |
|
Rattanchand
Murarka jointly with Rattanchand Niraj Murarka (HUF) |
|
10000 |
|
Rattanchand
Murarka jointly with Niraj Murarka |
|
1000 |
|
Rattanchand
Murarka jointly with Rattanchand Murarka (HUF) |
|
1000 |
|
Rattanchand
Murarka jointly with Rameshwardas Rattanchand Murarka (HUF) |
|
1000 |
|
Niraj
Murarka jointly with Darsh Murarka |
|
1000 |
|
Niraj
Murarka jointly with Devansh Murarka |
|
1000 |
|
Niraj
Murarka jointly with Dhruv Agarwal |
|
1000 |
|
Niraj
Murarka jointly with Ruchira Agarwal |
|
1000 |
|
Niraj
Murarka jointly with Rachana Agarwal |
|
1000 |
|
Niraj
Murarka jointly with Monali Murarka |
|
5000 |
|
Niraj
Murarka (HUF) jointly with Niraj Murarka - Individual |
|
1000 |
|
Niraj
Murarka Karta of Niraj Murarka (HUF) |
|
1000 |
|
Veena
Murarka |
|
5000 |
|
Veena
Murarka jointly with Rattanchand Murarka |
|
1000 |
|
Monali
Murarka jointly with Rattanchand Murarka |
|
1000 |
|
Monali
Murarka |
|
5000 |
|
Total
|
|
120000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Food Products. |
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Imports : |
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Countries : |
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GENERAL INFORMATION
|
Customers : |
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||||||||||||
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Bankers : |
The Cosmos Co-operative
Bank Limited, Bandra Branch, Lubina Apartment, Turner Road, Bandra (West),
Mumbai – 400 050, Maharashtra, India |
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Facilities : |
Notes: LONG TERM BORROWINGS Nature
of the Security and Terms of Repayment of Secured Term Loans:
(Rs.
in millions)
SHORT TERM BORROWINGS
|
|
|
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
M S M and Associates Chartered Accountants |
|
Address : |
44/2200, Gandhi Nagar, Pranav Co-Operative Housing Society, Next to
Mhada, Off W E Highway, Bandra (East), Mumbai – 400 051, Maharashtra, India |
|
Tel. No.: |
91-22-26439598/
26411054 |
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E-Mail : |
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PAN No.: |
AAFPS7190G |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
120000 |
Equity Shares |
Rs.10/- each
|
Rs.1.200
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.200 |
1.200 |
1.200 |
|
(b) Reserves & Surplus |
2.935 |
2.572 |
1.892 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
4.135 |
3.772 |
3.092 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
8.493 |
7.884 |
10.807 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
8.493 |
7.884 |
10.807 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
7.888 |
7.463 |
5.670 |
|
(b)
Trade payables |
2.191 |
2.194 |
14.046 |
|
(c)
Other current liabilities |
0.977 |
0.893 |
5.216 |
|
(d)
Short-term provisions |
0.169 |
0.080 |
0.013 |
|
Total
Current Liabilities (4) |
11.225 |
10.630 |
24.945 |
|
|
|
|
|
|
TOTAL |
23.853 |
22.286 |
38.844 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1.468 |
0.731 |
0.815 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.316 |
0.372 |
0.262 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.370 |
0.470 |
2.096 |
|
(e)
Other Non-current assets |
0.169 |
0.352 |
0.928 |
|
Total
Non-Current Assets |
2.323 |
1.925 |
4.101 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3.921 |
4.132 |
3.631 |
|
(c)
Trade receivables |
15.087 |
15.638 |
25.887 |
|
(d)
Cash and cash equivalents |
2.254 |
0.300 |
5.187 |
|
(e)
Short-term loans and advances |
0.268 |
0.291 |
0.038 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
21.530 |
20.361 |
34.743 |
|
|
|
|
|
|
TOTAL |
23.853 |
22.286 |
38.844 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
50.596 |
82.712 |
39.567 |
|
|
|
Other Income |
0.353 |
0.381 |
0.399 |
|
|
|
TOTAL |
50.949 |
83.093 |
39.966 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
NET
PROFIT FOR THE YEAR |
0.452 |
0.759 |
0.103 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION
PROVIDED DURING THE YEAR |
0.368 |
0.216 |
0.247 |
|
|
|
|
|
|
|
|
|
|
VALUE OF C.I.F.
IMPORTS |
13.634 |
12.016 |
7.887 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.96
|
4.07 |
5.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.92
|
1.92 |
1.39 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
1.200 |
1.200 |
1.200 |
|
Reserves & Surplus |
1.892 |
2.572 |
2.935 |
|
Net worth |
3.092 |
3.772 |
4.135 |
|
|
|
|
|
|
long-term borrowings |
10.807 |
7.884 |
8.493 |
|
Short term borrowings |
5.670 |
7.463 |
7.888 |
|
Total borrowings |
16.477 |
15.347 |
16.381 |
|
Debt/Equity ratio |
5.329 |
4.069 |
3.962 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
39.567 |
82.712 |
50.596 |
|
|
|
109.043 |
-38.829 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Sales |
39.567 |
82.712 |
50.596 |
|
Profit |
0.103 |
0.759 |
0.452 |
|
|
0.26% |
0.92% |
0.89% |
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 |
No |
|
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 |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
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)
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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10096198 |
04/04/2008 |
1,000,000.00 |
THE COSMOS CO-OPERATIVE
BANK LIMITED |
LUBINA, PLOT NO.76, TURNER
ROAD, BANDRA (WEST), MUMBAI, MAHARASHTRA - 400050, INDIA |
A35723758 |
|
2 |
10082240 |
24/04/2013 * |
16,100,000.00 |
THE COSMOS CO-OPERATIVE
BANK LIMITED |
BANDRA BRANCH, LUBINA APARTMENT,
TURNER ROAD, BANDRA (WEST), MUMBAI, MAHARASHTRA - 400050, INDIA |
B77734630 |
|
3 |
90166796 |
14/11/2006 * |
14,600,000.00 |
THE COSMOS CO-OPERATIVE
BANK LIMITED |
TURNER ROAD, BANDRA
(WEST) BRANCH, MUMBAI, MAHARASHTRA - 400050, INDIA |
- |
|
4 |
90166747 |
21/02/2003 * |
625,000.00 |
THE COSMOS CO-OPERATIVE
BANK LIMITED |
269-270 SHANIWAR PETH,
PUNE, MAHARASHTRA - 411030, INDIA |
- |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG
TERM BORROWINGS |
|
|
|
Loans and Advances from Related parties |
8.064 |
6.789 |
|
Total
|
8.064 |
6.789 |
Note:
The registered office of the company has been shifted from 101, The Ark, S.V. Road, Santacruz (West), Mumbai – 400 054, Maharashtra to
the present address w.e.f. 01.07.2012.
OPERATION OF THE COMPANY:
During the year the company
witnessed a fall in the T/O from 82.711 millions to 50.596 millions although managing
a reasonably higher gross margin in the trading of imported goods. The company
intends to streamline the business operation both administratively and in the
field of marketing so as to achieve a reduction in the employee cost and
operational expenses vis-à-vis increase in turnover during the coming financial
year 2013-2014.
FIXED ASSETS:
·
Vehicles
·
Office Equipments
·
Furniture and Fixtures
·
Computer and Peripherals
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.62.28 |
|
|
1 |
Rs.103.84 |
|
Euro |
1 |
Rs.85.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
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 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
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.