1. Summary Information
|
|
|
Country |
|
|
Company Name |
FAREDEAL
SHIPPING AGENCIES (MUMBAI) PRIVATE LIMITED |
Principal Name 1 |
Mr. Vivek Lalchand Kotai |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sanjay Nandkumar Kalro |
|
|
|
Registration # |
11-128187 |
|
Street Address |
501, Swastik
Disa Corporate Park, Opposite Shreyas Cinema, LBS Road, Ghatkopar (West),
Mumbai – 400086, Maharashtra, India |
||
|
Established Date |
10.08.2000 |
SIC Code |
-- |
|
Telephone# |
91-22-40339200 |
Business Style 1 |
Service Provider |
|
Fax # |
91-22-40339200 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Freight Receipts |
|
|
# of employees |
Not Available |
Product Name 2 |
Terminal Handling
Charges |
|
Paid up capital |
Rs.340,000/-
|
Product Name 3 |
Haulage |
|
Shareholders |
Directors or relatives of
directors – 100% |
Banking |
HDFC
Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
13 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
63,325,000 |
Current Liabilities |
54,530,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
986,000 |
|
Fixed Assets |
4,447,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
83,000 |
Total Liabilities |
55,516,000 |
|
Invest& other Assets |
217,000 |
Retained Earnings |
12,216,000 |
|
|
|
Net Worth |
12,556,000 |
|
Total Assets |
68,072,000 |
Total Liab. & Equity |
68,072,000 |
|
Total Assets (Previous Year) |
58,645,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
4,709,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
3,285,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
FAREDEAL SHIPPING AGENCIES (MUMBAI) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
501, Swastik Disa Corporate Park, Opposite Shreyas Cinema, LBS Road, Ghatkopar
(West), Mumbai – 400086, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.08.2000 |
|
|
|
|
Com. Reg. No.: |
11-128187 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.340 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH2000PTC128187 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMF02680G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in providing logistics services like air freight,
sea cargo, road transportation and warehousing services. |
|
|
|
|
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 50000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. Trade relations are
reported as fair. Business is active. Payments are reported to be 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current account
deficit narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services sector
activity witnessed a moderate improvement in November over the previous month,
even while indicating the fifth successive monthly contraction, according the
HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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 : |
501, Swastik Disa Corporate Park, Opposite Shreyas Cinema, LBS Road,
Ghatkopar (West), Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-40339200 (100 Lines) |
|
Fax No.: |
91-22-40339200 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
424, Nav Vyapar Bhavan, P. D’Mello Road, Carnac Bunder, Masjid (East),
Mumbai – 400009, Maharashtra, India |
|
Tel. No.: |
91-22-23752185 / 95 |
|
Fax No.: |
91-22-23752182 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Located at: v
v Ahmedabad v Pune v Kandla v Chennai v Kolkata |
|
|
|
|
Network : |
Located at: v
v U.S.A v
v
v Carribean v
v
v
v
v
v
v
v
v
v
v
v
v
|
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Vivek Lalchand Kotai |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Happy Valley Home, Phase 10-A-24, Flat 1002, Jiniwadi, Manpada, Thane
(West) – 400 607, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.12.1971 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
10.08.2000 |
|||||||||||||||||||||||||||
|
DIN No.: |
02083307 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Sanjay Nandkumar Kalro |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
17/A, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.09.1969 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
10.08.2000 |
|||||||||||||||||||||||||||
|
DIN No.: |
02083323 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vivek Lalchand Kotai |
|
17000 |
|
Sanjay Nandkumar Kalro |
|
17000 |
|
|
|
|
|
Total |
|
34000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing logistics services like air freight,
sea cargo, road transportation and warehousing services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· The Shamrao Vithal Co-Operative Bank Limited, Sakinaka, Andheri (East), Mumbai – 400 072, Maharashtra, India · Punjab and Maharashtra Co-operative Bank Limited, 264, Gurudwara Building, SBS Marg, Fort, Mumbai – 400 001, Maharashtra, India · Citi Bank, Mumbai, Maharashtra, India ·
HDFC Bank Limited, Mumbai, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
MNRD and Associates Chartered Accountants |
|
Address : |
Block No.2, 3rd Floor, Abbas Manzil, Sahar Road, Chakala,
Andheri (East), Mumbai – 400 099, Maharashtra, India |
|
Tel. No.: |
91-22-42369555 (10 Line) |
|
Tele Fax No.: |
91-22-42369563 |
|
Income-tax
PAN of auditor or auditor's firm : |
AANFM0177B |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
34000 |
Equity Shares |
Rs.10/- each |
Rs.0.340 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
0.340 |
|
(b) Reserves & Surplus |
|
|
12.216 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
|
12.556 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.236 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term liabilities |
|
|
2.634 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
2.870 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.750 |
|
(b) Trade payables |
|
|
50.974 |
|
(c) Other current liabilities |
|
|
0.922 |
|
(d) Short-term provisions |
|
|
0.000 |
|
Total Current
Liabilities (4) |
|
|
52.646 |
|
|
|
|
|
|
TOTAL |
|
|
68.072 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
4.447 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.083 |
|
(d) Long-term Loan and Advances |
|
|
0.027 |
|
(e) Other Non-current assets |
|
|
3.487 |
|
Total Non-Current
Assets |
|
|
8.044 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.217 |
|
(b) Inventories |
|
|
0.000 |
|
(c) Trade receivables |
|
|
27.234 |
|
(d) Cash and cash equivalents |
|
|
10.540 |
|
(e) Short-term loans and advances |
|
|
22.037 |
|
(f) Other current assets |
|
|
0.000 |
|
Total Current
Assets |
|
|
60.028 |
|
|
|
|
|
|
TOTAL |
|
|
68.072 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
0.240 |
0.240 |
|
|
3] Reserves & Surplus |
|
7.507 |
4.221 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
7.847 |
4.561 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.575 |
0.891 |
|
|
2] Unsecured Loans |
|
0.000 |
0.250 |
|
|
TOTAL BORROWING |
|
0.575 |
1.141 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
8.422 |
5.702 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4.987 |
3.062 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.003 |
|
|
DEFERRED TAX ASSETS |
|
0.074 |
0.050 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000
|
0.000
|
|
|
Sundry Debtors |
|
8.797
|
9.786
|
|
|
Cash & Bank Balances |
|
21.906
|
18.684
|
|
|
Other Current Assets |
|
2.610
|
0.000
|
|
|
Loans & Advances |
|
20.271
|
14.906
|
|
Total
Current Assets |
|
53.584
|
43.376
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
48.454
|
31.427
|
|
|
Other Current Liabilities |
|
1.769
|
7.796
|
|
|
Provisions |
|
0.000
|
1.566
|
|
Total
Current Liabilities |
|
50.223
|
40.789
|
|
|
Net Current Assets |
|
3.361
|
2.587
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
8.422 |
5.702 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.822 |
4.784 |
3.215 |
|
|
|
|
|
|
|
|
|
|
TAX |
2.113 |
1.499 |
0.856 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4.709 |
3.285 |
2.359 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.507 |
4.221 |
1.862 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
12.216 |
7.507 |
4.221 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
111.788 |
NA |
NA |
|
|
TOTAL EARNINGS |
111.788 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
138.50 |
96.64 |
235.90 |
|
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KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.03 |
8.17 |
6.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.54 |
0.61 |
0.70 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.08 |
0.07 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.07 |
1.06 |
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 |
No |
|
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)
|
Particular |
As on 31.03.2013 |
|
SHORT TERM
BORROWINGS |
|
|
Loan from related parties |
0.750 |
|
|
|
|
Total |
0.750 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
80049034 |
17/05/2005 |
1,500,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LIMITED |
SAKINAKA, ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400072, INDIA |
- |
|
2 |
90150872 |
03/07/2002 * |
200,000.00 |
PUNJAB AND SIND MAHARASHTRA CO-OPERATIVE BANK LTD. |
264; GURUDWARA BUILDING, SBS MARG; FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
· Office Equipments
· Building
· Computers
· Motor 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 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.62.41 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
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 |
|
DEFAULTER |
|
|
|
--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.