|
Report Date : |
05.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
EMARS RESOURCES PTE. LTD. |
|
|
|
|
Registered Office : |
20, Collyer Quay, 09-04, 049319, |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
26.03.2013 |
|
|
|
|
Com. Reg. No.: |
201308011-H |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Trading of manganese, coal, pet coke and scrap metal |
|
|
|
|
No. of Employees : |
03 [2014] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SINGAPORE - ECONOMIC OVERVIEW
Singapore has a highly
developed and successful free-market economy. It enjoys a remarkably open and
corruption-free environment, stable prices, and a per capita GDP higher than
that of most developed countries. The economy depends heavily on exports,
particularly in consumer electronics, information technology products,
pharmaceuticals, and on a growing financial services sector. The economy
contracted 0.6% in 2009 as a result of the global financial crisis, but
rebounded 15.1% in 2010, on the strength of renewed exports, before slowing to
in 2011-13, largely a result of soft demand for exports during the second
European recession. Over the longer term, the government hopes to establish a
new growth path that focuses on raising productivity. Singapore has attracted
major investments in pharmaceuticals and medical technology production and will
continue efforts to establish Singapore as Southeast Asia's financial and
high-tech hub
|
Source
: CIA |
|
REGISTRATION NO. |
: |
201308011-H |
|
COMPANY NAME |
: |
EMARS RESOURCES PTE. LTD. |
|
FORMER NAME |
: |
N/A |
|
INCORPORATION DATE |
: |
26/03/2013 |
|
COMPANY STATUS |
: |
EXIST |
|
LEGAL FORM |
: |
PRIVATE LIMITED |
|
LISTED STATUS |
: |
NO |
|
REGISTERED ADDRESS |
: |
20, COLLYER QUAY, 09-04, 049319, SINGAPORE. |
|
BUSINESS ADDRESS |
: |
20, COLLYER QUAY, 09-04, 049319, SINGAPORE. |
|
TEL.NO. |
: |
65-62261960/84310225 |
|
FAX.NO. |
: |
65-62277148 |
|
WEB SITE |
: |
EMARSRESOURCES.COM |
|
CONTACT PERSON |
: |
PREMJIT ROY ( DIRECTOR ) |
|
PRINCIPAL ACTIVITY |
: |
TRADING OF MANGANESE, COAL, PET COKE AND SCRAP METAL |
|
ISSUED AND PAID UP CAPITAL |
: |
1.00 ORDINARY SHARE, OF A VALUE OF SGD 1.00 |
|
SALES |
: |
USD 9,863,372 [2014] |
|
NET WORTH |
: |
USD 328,559 [2014] |
|
STAFF STRENGTH |
: |
3 [2014] |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL CONDITION |
: |
STRONG |
|
PAYMENT |
: |
N/A |
|
MANAGEMENT CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL RISK |
: |
MODERATE |
|
CURRENCY EXPOSURE |
: |
HIGH |
|
GENERAL REPUTATION |
: |
POOR |
|
INDUSTRY OUTLOOK |
: |
AVERAGE GROWTH |
The Subject is a private limited company and is allowed to have a minimum of one and a maximum of forty-nine shareholders. As a private limited company, the Subject must have at least two directors. A private limited company is a separate legal entity from its shareholders. As a separate legal entity, the Subject is capable of owning assets, entering into contracts, sue or be sued by other companies. The liabilities of the shareholders are to the extent of the equity they have taken up and the creditors cannot claim on shareholders' personal assets even if the Subject is insolvent. The Subject is governed by the Companies Act and the company must file its annual returns, together with its financial statements with the Registrar of Companies.
The Subject is principally engaged in the (as a / as an) trading of manganese, coal, pet coke and scrap metal.
Share Capital History
|
Date |
Issue & Paid Up Capital |
|
18/09/2014 |
SGD 200,001.00 |
The major shareholder(s) of the Subject are shown as follows :
Name |
Address |
IC/PP/Loc No |
Shareholding |
(%) |
|
RIG CONSULTANTS PRIVATE LIMITED |
FLAT 2C & 2D, GREEN ACRES, 2, NAZAR ALI LANE, KOLKATA WEST BENGAL-WB, 700019, INDIA. |
T14UF0013 |
200,001.00 |
100.00 |
|
--------------- |
------ |
|||
|
200,001.00 |
100.00 |
|||
|
============ |
===== |
DIRECTOR 1
|
Name Of Subject |
: |
SUSHIL KUMAR MEHROTRA |
|
Address |
: |
18F. TOWER-1 SVC-16, 375, PRINCE ANWAR, SHAH ROAD, KOLKATA, 700 068, INDIA. |
|
IC / PP No |
: |
Z1569256 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
07/11/2013 |
DIRECTOR 2
|
Name Of Subject |
: |
MALA ROY |
|
Address |
: |
2ND FR, 192/DN N.S.C BOSE ROAD, LP-15/49/2, KOLKATA, 700 040, INDIA. |
|
IC / PP No |
: |
J1883894 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
07/11/2013 |
DIRECTOR 3
|
Name Of Subject |
: |
MR. PREMJIT ROY |
|
Address |
: |
1ST-FR, 192/D N.S.C BOSE ROAD, LP-15/49/2, KOLKATA, 700 040, INDIA. |
|
IC / PP No |
: |
J1875336 |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
07/11/2013 |
DIRECTOR 4
|
Name Of Subject |
: |
RICHARD IVAN CREET |
|
Address |
: |
3, HACIENDA GROVE 04-07, THE HACIENDA, 457909, SINGAPORE. |
|
IC / PP No |
: |
F2099880Q |
|
Nationality |
: |
INDIAN |
|
Date of Appointment |
: |
16/12/2013 |
|
1) |
Name of Subject |
: |
PREMJIT ROY |
|
Position |
: |
DIRECTOR |
|
No Auditor found in our databank
|
1) |
Company Secretary |
: |
TAN LEONG WOON |
|
IC / PP No |
: |
S1430937C |
|
|
Address |
: |
187, BUKIT BATOK WEST AVENUE 6, 05-151, 650187, SINGAPORE. |
|
No Banker found in our databank.
No encumbrance was found in our databank at the time of investigation.
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
|
|||||
|
SOURCES OF RAW MATERIALS: |
|
||||
|
Local |
: |
NO |
Percentage |
: |
0% |
|
Overseas |
: |
YES |
Percentage |
: |
100% |
|
Import Countries |
: |
INDONESIA |
|||
|
Local |
: |
NO |
|
||
|
|||||
|
Overseas |
: |
YES |
Percentage |
: |
100% |
|
Export Market |
: |
CHINA |
|||
|
Credit Term |
: |
N/A |
|||
|
Payment Mode |
: |
TELEGRAPHIC TRANSFER (TT) |
|||
|
Goods Traded |
: |
MANGANESE, COAL, PET COKE AND SCRAP METAL |
|
|
Total Number of Employees: |
|||||||||
|
YEAR |
2014 |
||||||||
|
|
|||||||||
|
GROUP |
N/A |
||||||||
|
COMPANY |
3 |
||||||||
|
Branch |
: |
NO |
Other Information:
The Subject is principally engaged in the (as a / as an) trading of manganese,
coal, pet coke and scrap metal.
The Subject is trading of commodities such as metal and coal.
The Subject is the commodities trading arm of the Emars Group.
The Subject's core competency in iron ore exploration and trading.
Latest fresh investigations carried out on the Subject indicated that :
|
Telephone Number Provided By Client |
: |
N/A |
|
Current Telephone Number |
: |
65-62261960/84310225 |
|
Match |
: |
N/A |
|
Address Provided by Client |
: |
80 ANSON ROAD FUJI XEROX TOWERS #24-01 079907 SINGAPORE |
|
Current Address |
: |
20, COLLYER QUAY, 09-04, 049319, SINGAPORE. |
|
Match |
: |
NO |
Other Investigations
we contacted one of the
staff from the Subject and he provided some information on the Subject.
The Subject already shifted from the address provided.
The Subject refused to disclose its banker.
|
Profitability |
||||||
|
Return on Shareholder Funds |
: |
Favourable |
[ |
39.13% |
] |
|
|
Return on Net Assets |
: |
Favourable |
[ |
44.90% |
] |
|
|
Generally the Subject was profitable. The favourable return on shareholders' funds and return on net assets indicate that the Subject's management was efficient in utilising the assets to generate returns. |
||||||
|
Working Capital Control |
||||||
|
Stock Ratio |
: |
Nil |
[ |
0 Days |
] |
|
|
Debtor Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
Creditors Ratio |
: |
Favourable |
[ |
0 Days |
] |
|
|
As the Subject is a service oriented company, the Subject does not need to keep stocks. The favourable debtors' days could be due to the good credit control measures implemented by the Subject. The Subject had a favourable creditors' ratio where the Subject could be taking advantage of the cash discounts and also wanting to maintain goodwill with its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid Ratio |
: |
Favourable |
[ |
22.90 Times |
] |
|
|
Current Ratio |
: |
Favourable |
[ |
22.90 Times |
] |
|
|
A minimum liquid ratio of 1 should be maintained by the Subject in order to assure its creditors of its ability to meet short term obligations and the Subject was in a good liquidity position. Thus, we believe the Subject is able to meet all its short term obligations as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest Cover |
: |
Acceptable |
[ |
7.78 Times |
] |
|
|
Gearing Ratio |
: |
Favourable |
[ |
0.00 Times |
] |
|
|
The Subject's interest cover was slightly low. If there is no sharp fall in its profit or sudden increase in the interest rates, we believe the Subject is able to generate sufficient income to service its interest and repay the loans. The Subject had no gearing and hence it had virtually no financial risk. The Subject was financed by its shareholders' funds and internally generated fund. During the economic downturn, the Subject, having a zero gearing, will be able to compete better than those which are highly geared in the same industry. |
||||||
|
Overall Assessment : |
||||||
|
The Subject was in good liquidity position with its total current liabilities well covered by its total current assets. With its current net assets, the Subject should be able to repay its short term obligations. The Subject had an acceptable interest cover. If there is no sudden sharp increase in interest rate or fall in the Subject's profit, we do believe the Subject is able to generate sufficient cash flow to service its interest payment. The Subject was a zero gearing company, it was solely dependant on its shareholders to provide funds to finance its business. The Subject has good chance of getting loans, if the needs arises. |
||||||
|
Overall financial condition of the Subject : STRONG |
||||||
|
Major Economic Indicators : |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|||||
|
Population (Million) |
4.98 |
5.08 |
5.18 |
5.31 |
5.40 |
|
Gross Domestic Products ( % ) |
(0.8) |
14.5 |
4.9 |
1.3 |
3.7 |
|
Consumer Price Index |
0.6 |
2.8 |
5.2 |
4.6 |
2.4 |
|
Total Imports (Million) |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
|
Total Exports (Million) |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
|
|
|||||
|
Unemployment Rate (%) |
3.2 |
2.2 |
2.1 |
2.0 |
1.9 |
|
Tourist Arrival (Million) |
9.68 |
11.64 |
13.17 |
14.49 |
15.46 |
|
Hotel Occupancy Rate (%) |
75.8 |
85.6 |
86.5 |
86.4 |
86.3 |
|
Cellular Phone Subscriber (Million) |
1.37 |
1.43 |
1.50 |
1.52 |
1.97 |
|
|
|||||
|
Registration of New Companies (No.) |
26,414 |
29,798 |
32,317 |
31,892 |
37,288 |
|
Registration of New Companies (%) |
4.3 |
12.8 |
8.5 |
(1.3) |
9.8 |
|
Liquidation of Companies (No.) |
22,393 |
15,126 |
19,005 |
17,218 |
17,369 |
|
Liquidation of Companies (%) |
113.4 |
(32.5) |
25.6 |
9.4 |
(5.3) |
|
|
|||||
|
Registration of New Businesses (No.) |
26,876 |
23,978 |
23,494 |
24,788 |
22,893 |
|
Registration of New Businesses (%) |
8.15 |
(10.78) |
2.02 |
5.51 |
1.70 |
|
Liquidation of Businesses (No.) |
23,552 |
24,211 |
23,005 |
22,489 |
22,598 |
|
Liquidation of Businesses (%) |
11.4 |
2.8 |
(5) |
(2.2) |
0.5 |
|
|
|||||
|
Bankruptcy Orders (No.) |
2,058 |
1,537 |
1,527 |
1,748 |
1,992 |
|
Bankruptcy Orders (%) |
(11.5) |
(25.3) |
(0.7) |
14.5 |
14.0 |
|
Bankruptcy Discharges (No.) |
3,056 |
2,252 |
1,391 |
1,881 |
2,584 |
|
Bankruptcy Discharges (%) |
103.7 |
(26.3) |
(38.2) |
35.2 |
37.4 |
|
|
|||||
|
INDUSTRIES ( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production of Principal Crops |
3.25 |
(0.48) |
4.25 |
3.64 |
- |
|
Fish Supply & Wholesale |
(1.93) |
(10.5) |
12.10 |
(0.5) |
- |
|
|
|||||
|
Manufacturing * |
71.5 |
92.8 |
100.0 |
100.3 |
102.0 |
|
Food, Beverages & Tobacco |
90.4 |
96.4 |
100.0 |
103.5 |
103.5 |
|
Textiles |
145.9 |
122.1 |
100.0 |
104.0 |
87.1 |
|
Wearing Apparel |
211.0 |
123.3 |
100.0 |
92.1 |
77.8 |
|
Leather Products & Footwear |
79.5 |
81.8 |
100.0 |
98.6 |
109.8 |
|
Wood & Wood Products |
101.4 |
104.0 |
100.0 |
95.5 |
107.4 |
|
Paper & Paper Products |
95.4 |
106.1 |
100.0 |
97.4 |
103.2 |
|
Printing & Media |
100.9 |
103.5 |
100.0 |
93.0 |
86.1 |
|
Crude Oil Refineries |
96.4 |
95.6 |
100.0 |
99.4 |
93.5 |
|
Chemical & Chemical Products |
80.3 |
97.6 |
100.0 |
100.5 |
104.1 |
|
Pharmaceutical Products |
49.1 |
75.3 |
100.0 |
109.7 |
107.2 |
|
Rubber & Plastic Products |
101.2 |
112.3 |
100.0 |
96.5 |
92.9 |
|
Non-metallic Mineral |
91.9 |
92.5 |
100.0 |
98.2 |
97.6 |
|
Basic Metals |
92.6 |
102.2 |
100.0 |
90.6 |
76.5 |
|
Fabricated Metal Products |
90.8 |
103.6 |
100.0 |
104.3 |
105.1 |
|
Machinery & Equipment |
57.3 |
78.5 |
100.0 |
112.9 |
114.5 |
|
Electrical Machinery |
86.8 |
124.1 |
100.0 |
99.3 |
108.5 |
|
Electronic Components |
85.2 |
113.6 |
100.0 |
90.6 |
94.3 |
|
Transport Equipment |
96.0 |
94.0 |
100.0 |
106.3 |
107.5 |
|
|
|||||
|
Construction |
(36.9) |
14.20 |
20.50 |
28.70 |
- |
|
Real Estate |
1.4 |
21.3 |
25.4 |
31.9 |
- |
|
|
|||||
|
Services |
|||||
|
Electricity, Gas & Water |
1.70 |
4.00 |
7.00 |
6.30 |
- |
|
Transport, Storage & Communication |
3.90 |
12.80 |
7.40 |
5.30 |
- |
|
Finance & Insurance |
(16.4) |
(0.4) |
8.90 |
0.50 |
- |
|
Government Services |
4.50 |
9.70 |
6.90 |
6.00 |
- |
|
Education Services |
0.10 |
(0.9) |
(1.4) |
0.30 |
- |
|
|
|||||
|
* Based on Index of Industrial Production (2011 = 100) |
|
INDUSTRY : |
TRADING |
|
The wholesale and retail trade sector contracted by 1.5% in the fourth quarter of 2012, extending the 0.2% decline in the preceding quarter. For the whole of 2012, the sector declined by 0.7%, reversing the 1.6% growth in 2011. The sector was weighed down primarily by the wholesale trade segment. In 2012, the wholesale trade segment contracted by 1.0%, a reversal from the 1.4% growth in 2011. Growth of the retail trade segment also moderated to 2.0%, from 3.2% in the year 2011. |
|
|
The domestic wholesale trade index grew by 1.2% in the fourth quarter of 2012, an improvement from the 5.4% decline in the third quarter. This was partly due to an increase in the sales of chemicals & chemical products and ship chandlers & bunkering. For the full year of 2012, the domestic wholesale trade index contracted by 2.2%, extending the 1.7% decline in 2011. The foreign wholesale trade index grew by 8.6% in the fourth quarter, an increase from the 6.6% growth in the third quarter. The expansion was partly due to resilient sales of petroleum & petroleum products. For the whole of 2012, the foreign wholesale trade index expanded by 9.1%, faster than the 4.3% increase in 2011. |
|
|
In the fourth quarter of 2012, retail sales volume declined by 2.0%, extending the 0.3% decline in the third quarter. Excluding motor vehicles, retail sales volume grew by 0.4%, a slight moderation compared to the 1.5% gain in the third quarter of 2012. The sales volume of motor vehicles fell by 11% in the fourth quarter of 2012, after contracting by 6.1% in the third quarter. The sales of several discretionary items also declined in the fourth quarter. Besides, the sales of optical goods & books in 2012 fell by 3.6%, while the sales of telecommunications apparatus & computers declined by 1.4%. |
|
|
For 2012 as a whole, retail sales volume grew by 1.3%, compared to the 2.0% expansion in 2011. Excluding motor vehicle sales, the increase in retail sales volume also moderated from 5.4% in 2011 to 1.7% in 2012. Medical goods & toiletries registered the largest increase (9.3%) in sales, followed by telecommunications apparatus & computers (6.9%). By contrast, the sales of watches & jewellery (-2.2%) and optical goods & books (-3.6%) declined. |
|
|
OVERALL INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
|
|
|
|
|
THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL REPORTING STANDARDS. |
|
EMARS RESOURCES PTE. LTD. |
|
Financial Year End |
2014-03-31 |
|
Months |
12 |
|
Consolidated Account |
Company |
|
Audited Account |
NO |
|
Unqualified Auditor's Report (Clean Opinion) |
NO |
|
Financial Type |
FULL |
|
Currency |
USD |
|
TURNOVER |
9,863,372 |
|
---------------- |
|
|
Total Turnover |
9,863,372 |
|
Costs of Goods Sold |
(7,803,701) |
|
---------------- |
|
|
Gross Profit |
2,059,671 |
|
---------------- |
|
|
PROFIT/(LOSS) FROM OPERATIONS |
128,559 |
|
---------------- |
|
|
PROFIT/(LOSS) BEFORE TAXATION |
128,559 |
|
Taxation |
0 |
|
---------------- |
|
|
PROFIT/(LOSS) AFTER TAXATION |
128,559 |
|
---------------- |
|
|
PROFIT AVAILABLE FOR APPROPRIATIONS |
128,559 |
|
---------------- |
|
|
RETAINED PROFIT/(LOSS) CARRIED FORWARD |
128,559 |
|
============= |
|
|
INTEREST EXPENSE (as per notes to P&L) |
|
|
Others |
18,971 |
|
---------------- |
|
|
18,971 |
|
|
============= |
|
EMARS RESOURCES PTE. LTD. |
|
Other debtors, deposits & prepayments |
29,521 |
|
Cash & bank balances |
3,461 |
|
Others |
310,577 |
|
---------------- |
|
|
TOTAL CURRENT ASSETS |
343,559 |
|
---------------- |
|
|
TOTAL ASSET |
343,559 |
|
============= |
|
|
Other creditors & accruals |
15,000 |
|
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
15,000 |
|
---------------- |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
328,559 |
|
---------------- |
|
|
TOTAL NET ASSETS |
328,559 |
|
============= |
|
|
SHARE CAPITAL |
|
|
Ordinary share capital |
200,000 |
|
---------------- |
|
|
TOTAL SHARE CAPITAL |
200,000 |
|
Retained profit/(loss) carried forward |
128,559 |
|
---------------- |
|
|
TOTAL RESERVES |
128,559 |
|
---------------- |
|
|
SHAREHOLDERS' FUNDS/EQUITY |
328,559 |
|
---------------- |
|
|
328,559 |
|
|
============= |
|
|
EMARS RESOURCES PTE. LTD. |
|
TYPES OF FUNDS |
|
|
Cash |
3,461 |
|
Net Liquid Funds |
3,461 |
|
Net Liquid Assets |
328,559 |
|
Net Current Assets/(Liabilities) |
328,559 |
|
Net Tangible Assets |
328,559 |
|
Net Monetary Assets |
328,559 |
|
BALANCE SHEET ITEMS |
|
|
Total Borrowings |
0 |
|
Total Liabilities |
15,000 |
|
Total Assets |
343,559 |
|
Net Assets |
328,559 |
|
Net Assets Backing |
328,559 |
|
Shareholders' Funds |
328,559 |
|
Total Share Capital |
200,000 |
|
Total Reserves |
128,559 |
|
LIQUIDITY (Times) |
|
|
Cash Ratio |
0.23 |
|
Liquid Ratio |
22.90 |
|
Current Ratio |
22.90 |
|
WORKING CAPITAL CONTROL (Days) |
|
|
Stock Ratio |
0 |
|
Debtors Ratio |
0 |
|
Creditors Ratio |
0 |
|
SOLVENCY RATIOS (Times) |
|
|
Gearing Ratio |
0.00 |
|
Liabilities Ratio |
0.05 |
|
Times Interest Earned Ratio |
7.78 |
|
Assets Backing Ratio |
1.64 |
|
PERFORMANCE RATIO (%) |
|
|
Operating Profit Margin |
1.30 |
|
Net Profit Margin |
1.30 |
|
Return On Net Assets |
44.90 |
|
Return On Capital Employed |
44.90 |
|
Return On Shareholders' Funds/Equity |
39.13 |
|
Dividend Pay Out Ratio (Times) |
0.00 |
|
NOTES TO ACCOUNTS |
|
|
Contingent Liabilities |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIS |
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 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.