MIRA INFORM REPORT
|
Report Date : |
25.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
MEDICARE EQUIPMENT COMPANY |
|
|
|
|
Registered
Office : |
Plot No. 333, GIDC, Makarpura, Vadodara-390010, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
August 1972 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.(2.861) Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
AFOPS8050F |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturing of Steam Sterilizers, Other CSSD Equipments, O.T. Table,
Theatre Lamps, etc. |
|
|
|
|
No. of Employees
: |
35 [In Office 10 and In Factory 25] Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and established proprietary concern having
satisfactory track record. Mr. Kirit M Shah, Chief Executive Officer claimed that capital account
in the balance sheet appears to be negative due to investment in own concern.
External borrowing of the concern is very minimal. Trade relations are fair. Business is active. Payment terms reported
to be usually correct. The concern can be considered for business dealing at usual trade
terms and condition. Note: Mr. Kirit M
Shah, Chief Executive Officer denied to provide valuation report and CMA Data
of the subject concern. |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before.A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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 [PARTIAL DETAILS]
|
Name : |
Mr. Kirit M Shah |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9825025720 |
|
Date : |
23.06.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 333, G. I. D.C. Makarpura, Vadodara – 390010, Gujarat, India |
|
Tel. No.: |
91-265-2642720 |
|
Mobile No.: |
91-9825025720 (Mr. Kirit M Shah) |
|
Fax No.: |
91-265-2649497 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
30000 Sq. Ft. |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mrs. Urvashi Kirit Shah |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
71 Years |
|
Qualification : |
Graduate |
KEY EXECUTIVES
|
Name : |
Mr. Kirit M Shah |
|
Designation : |
Chief Executive Officer |
|
Address : |
401, Pranavpuri Tower, Gotri Road, Vadodara-390007, Gujarat, India |
|
Date of Birth/Age : |
16.12.1942 |
|
Qualification : |
M.S. Engineering, USA |
|
Experience : |
40 Years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Steam Sterilizers, Other CSSD Equipments, O.T. Table,
Theatre Lamps, etc. |
PRODUCTION STATUS [AS ON 31.03.2013]
|
Particulars |
Installed
Capacity |
Actual
Production |
|
Steam Sterilizers |
20/ Per Months |
10/ Per Month |
|
O.T. Tables |
10/ Per Months |
5/ Per Month |
GENERAL INFORMATION
|
Suppliers : |
Address: 179, Usuf Nehar
Ali Road, Commercial Chamber, 4th Floor, Room No. 61,
Mumbai-400003, Maharashtra, India
Address: Gat No. 118/1,
Dhanore, Alandi-Markal Road, Taluka Khed, District Pune-412105, Maharashtra,
India |
|
|
|
|
Customers : |
Address: Building No. A/3,
Flat No. 106, Moreshwar Co-operative (S.R.A.) Housing Society, Sambhaji
Nagar, Swami Nityanand Marg, Andheri (East), Mumbai-400069, Maharashtra,
India
Address: B-6/1,
Electronics Complex, Kushaiguda, Hyderabad-500062, Andhra Pradesh, India |
|
|
|
|
No. of Employees : |
35 [In Office 10 and In Factory 25] Approximately |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M.V. Shah and Company Chartered Accountants |
|
Address : |
Mangal Ashish, Sampart Rao Colony, Vadodara-390007, Gujarat, India |
|
Tel. No.: |
91-265-2342626 |
CAPITAL STRUCTURE
AS ON 31.03.2013
|
Capital Investment : |
|
|
Owned : |
Rs.(2.861) Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.(2.861) Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
(2.861) |
(1.663) |
(0.260) |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
(2.861) |
(1.663) |
(0.260) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.265 |
0.265 |
0.255 |
|
|
TOTAL BORROWING |
0.265 |
0.265 |
0.255 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
(2.596) |
(1.398) |
(0.005) |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.270 |
0.969 |
1.112 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.666 |
3.503 |
0.973 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
|
|
|
Sundry Debtors |
|
|
|
|
|
Cash & Bank Balances |
11.794
|
20.948 |
15.827 |
|
|
Other Current Assets |
|
|
|
|
|
Loans & Advances |
|
|
|
|
Total
Current Assets |
11.794
|
20.948 |
15.827 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
20.326
|
26.818 |
17.917 |
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
20.326
|
26.818 |
17.917 |
|
|
Net Current Assets |
(8.532)
|
(5.870) |
(2.090) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
(2.596) |
(1.398) |
(0.005) |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
15.316 |
32.879 |
15.200 |
|
|
|
Other Income |
0.414 |
0.403 |
0.076 |
|
|
|
TOTAL |
15.730 |
33.282 |
15.276 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
10.634 |
23.971 |
9.820 |
|
|
|
Manufacturing Expenses |
0.762 |
0.843 |
0.647 |
|
|
|
Office and Administrative Expenses |
2.697 |
3.189 |
1.984 |
|
|
|
Selling and Distribution Expenses |
0.848 |
3.819 |
2.231 |
|
|
|
TOTAL |
14.941 |
31.822 |
14.682 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.789 |
1.460 |
0.594 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.191 |
0.183 |
0.139 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT /
(LOSS) |
0.598 |
1.277 |
0.455 |
|
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.80
|
3.84 |
2.97 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.90
|
3.88 |
2.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.57
|
5.83 |
2.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.21)
|
(0.77) |
(1.75) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(0.09)
|
(0.15) |
(0.98) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.58
|
0.78 |
0.88 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
15.200 |
32.879 |
15.316 |
|
|
|
116.309 |
(53.417) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
15.200 |
32.879 |
15.316 |
|
Profit |
0.455 |
1.277 |
0.598 |
|
|
2.99% |
3.88% |
3.90% |
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 |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
No |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
RS. IN MILLIONS
|
PARTICULAR |
|
|
|
|
|
Income From House Property (Loss) |
|
|
|
0 |
|
Self-Occupied Property |
|
|
(0.150) |
|
|
|
|
|
|
|
|
G-1 Pranavpuri Complex B/H Natubha Centre |
|
0.000 |
|
|
|
Annual Letable Value |
|
(0.150) |
|
|
|
|
|
|
|
|
|
Less: Deduction u/s 24 |
|
|
|
|
|
Current Financial Year Interest |
0.153 |
|
|
|
|
Total |
0.153 |
|
|
|
|
|
|
|
|
|
|
Amount of Interest Restricted to Maximum
Limit U/S 24(B) |
(0.150) |
|
|
|
|
|
|
|
|
|
|
Total of House Property |
|
|
(0.150) |
|
|
Loss adjusted with ordinary business |
|
|
0.150 |
|
|
|
|
|
|
|
|
Income From Business and Profession Details |
|
|
|
|
|
|
|
|
|
1.049 |
|
Medicare Equipment Company |
|
|
|
|
|
Net Profit as per Profit and Loss A/C |
|
0.597 |
|
|
|
Add: Items Inadmissible/For Separate
Consideration |
|
0.997 |
|
|
|
Depreciation Separately Considered |
0.191 |
|
|
|
|
Donation |
0.787 |
|
|
|
|
Loss on Sale of Car |
0.019 |
|
|
|
|
Sub Total |
|
1.594 |
|
|
|
Less: Items Admissible/For Separate
Consideration |
|
0.604 |
|
|
|
Depreciation Allowed as per IT Act |
0.190 |
|
|
|
|
Income Taxable under Other Heads of Income |
0.414 |
|
|
|
|
Income From Medicare Equipment Company |
|
0.990 |
|
|
|
|
|
|
|
|
|
MEDITRIONIC INDUSTRIES |
|
|
|
|
|
Net Profit as per Profit and Loss A/c |
|
0.247 |
|
|
|
Add: Items Inadmissible/For Separate
Consideration |
|
0.000 |
|
|
|
Sub Total |
|
0.247 |
|
|
|
|
|
|
|
|
|
Less: Items Admissible / For Separate
Consideration |
|
0.039 |
|
|
|
Income From Meditronic Industries |
|
0.208 |
|
|
|
|
|
|
|
|
|
Total of Business and Profession |
|
|
1.199 |
|
|
Note: House Property Setoff (Ordinary
Business) |
|
|
0.150 |
|
|
|
|
|
|
|
|
Income From Capital Gain(s) |
|
|
|
0.065 |
|
|
|
|
|
|
|
Income From LT Cap. Gain |
|
|
(0.353) |
|
|
Income From ST Cap. Gain |
|
|
0.065 |
|
|
Total Capital Gain(s) |
|
|
0.065 |
|
|
|
|
|
|
|
|
Taxable Short Term Capital Gain Not Falling |
|
|
0.065 |
|
|
|
|
|
|
|
|
Income From Other Sources |
|
|
|
1.513 |
|
|
|
|
|
|
|
Interest on Bank Savings IDBI Bank |
|
|
0.004 |
|
|
Interest on Bank FDR |
|
|
1.503 |
|
COMPUTATION OF TOTAL INCOME
(RS IN MILLIONS)
|
Income Heads |
Income Before
Setoff |
Income After
Setoff |
|
Income From Salary |
0.000 |
0.000 |
|
Income From House Property |
(0.150) |
0.000 |
|
Income From Business of Profession |
1.199 |
1.049 |
|
Income From Capital Gains |
0.065 |
0.065 |
|
Income From Other Sources |
1.513 |
1.513 |
|
Gross Total Income |
|
2.627 |
|
|
|
|
|
Less: Deduction under chapter VIA |
|
0.249 |
|
|
|
|
|
Total Income |
|
2.378 |
|
|
|
|
|
Rounding Off U/S 288A |
|
2.378 |
|
|
|
|
|
Income Taxable at Normal Rate |
2.378 |
|
|
Income Taxable at Special Rate |
0.000 |
|
|
|
|
|
|
Tax Calculation |
|
|
|
Basic Exemption Limit |
0.250 |
|
|
Tax at Normal Rate |
0.538 |
|
|
Total Tax |
|
0.538 |
|
Add: Education Cess |
|
0.011 |
|
Total |
|
0.549 |
|
|
|
|
|
Add: Secondary and Higher Education Cess |
|
0.005 |
|
Total |
|
0.554 |
|
Less: TDS/TCS |
|
0.155 |
|
Assessed Tax |
|
0.399 |
|
Less: Advance Tax |
|
0.050 |
|
Add: Interest |
|
0.042 |
|
U/S 234 A 3491 [1M] + 0 [1M] |
0.004 |
|
|
U/S 234 B 24437 [7M] + 0 [0M] |
0.024 |
|
|
U/S 234 C [3591+7185+3491] |
0.014 |
|
|
|
|
|
|
Less: Tax Deposited U/S 140A |
|
0.391 |
|
Amount Payable |
|
1 |
|
Tax Rounded Off
U/S 288 B |
|
0 |
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 records 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.60.11 |
|
|
1 |
Rs.102.32 |
|
Euro |
1 |
Rs.81.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
NO |
|
--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 |
|
44 |
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.