MIRA
INFORM REPORT
|
Report Date : |
16.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
MALCA-AMIT JK LOGISTICS PRIVATE LIMITED |
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Registered
Office : |
Western Industrial Co-operative Estate Limited, Plot No. F-11/12, Sub
Plot – 7, MIDC, Andheri (East), Mumbai – 400093, |
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Country : |
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Financials (as
on) : |
31.12.2012 |
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Date of
Incorporation : |
31.01.2005 |
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Com. Reg. No.: |
11-150909 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U63090MH2005PTC150909 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Logistic Services. |
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No. of Employees
: |
90 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Management of the company has failed to file its financial for the
year 2013 with the government department. As per available financial (2012), financial position of the company
seems to be decent. However, trade relations are fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered for normal business dealings at usual
trade terms and conditions. Note: The company has recorded different figure denoting profit in its director reports and its schedules for the year 2011. So, we are considering the schedules figure in order to
successfully rate the company. |
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sanjay Sabla |
|
Designation : |
G.M. Finance |
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Contact No.: |
91-22-26544400 |
|
Date : |
13.09.2014 |
LOCATIONS
|
Registered Office : |
Western Industrial Co-operative Estate Limited, Plot No. F-11/12, Sub
Plot – 7, MIDC, Andheri (East), Mumbai – 400093, Maharashtra, India |
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Tel. No. : |
91-22-66376146/ 26544400 |
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Fax No. : |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
Unit No 4 & 4, Akartar Mansion No 135, Tribhuvan Road, Opera House, Mumbai – 400004, Maharashtra India |
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Tel. No.: |
91-22-66376146/ 50 |
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Fax No. : |
91-22-23882607 |
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E-Mail : |
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Operation Office : |
Bharat Diamond Bourse Tower No. JB-2, Ground Floor, Custom Area, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
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Tel. No.: |
91-22-66376146/ 47/ 48/ 49/ 80 |
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Fax No.: |
91-22-23822623 |
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Other Operation Offices : |
Located at · Mumbai Surat Jaipur |
DIRECTORS
As on 21.06.2013
|
Name : |
Ilan Amit |
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Designation : |
Director |
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Address : |
52nd hadarim street, sde varburg, israel, 44935 |
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Date of Birth/Age : |
19.07.1967 |
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Date of Appointment : |
31.01.2005 |
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DIN No. : |
01555864 |
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Other
Directorship :
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Name : |
Bhupendra Girdharlal Popat |
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Designation : |
Director |
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Address : |
Kalindi Flat No 301, 302 and 303 Neelkanth Valley, Rajawadi, 7th Road,
Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
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Date of Birth/Age : |
31.10.1954 |
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Date of Appointment : |
31.01.2005 |
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DIN No. : |
00527700 |
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Other
Directorship :
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Name : |
Nigel Richard Paxman |
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Designation : |
Additional director |
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Address : |
Flat B 3f Mountain Court, 11 Plantation Rd The Peak, Hong Kong, 000,
Hong Kong |
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Date of Birth/Age : |
05.03.2958 |
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Date of Appointment : |
26.06.2012 |
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DIN No. : |
03414509 |
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Other
Directorship :
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Name : |
Gaurang Bhupendra Popat |
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Designation : |
Director |
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Address : |
Kalindi Flat No 301, 302 and 303 Neelkanth Valley, Rajawadi, 7th Road,
Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
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Date of Birth/Age : |
10.08.1978 |
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Date of Appointment : |
31.01.2005 |
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DIN No. : |
00460165 |
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Other
Directorship :
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Name : |
Pratish Bhupendra Popat |
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Designation : |
Additional director |
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Address : |
Kalindi Flat No 301, 302 and 303 Neelkanth Valley, Rajawadi, 7th Road,
Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
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Date of Birth/Age : |
05.07.1984 |
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Date of Appointment : |
29.06.2012 |
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DIN No. : |
00651121 |
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Other
Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Sanjay Sabla |
|
Designation : |
G.M. Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 21.06.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Malca Amit Global Limited, China |
5331 |
51.76 |
|
V.B. Logistics Private Limited, India |
4969 |
48.24 |
|
Total |
10300 |
100.00 |
As on 21.06.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
51.76 |
|
Bodies corporate |
48.24 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Logistic Services. |
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
GENERAL INFORMATION
|
No. of Employees : |
90 (Approximately) |
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Bankers : |
Indian Overseas Bank, Opera House Branch, Mumbai, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
K.S. Aiyar and Company Chartered Accountants |
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Address : |
F-7, Laxmi Mills, Shakti Mills Lane, Off Dr. E Moses Road, Mahalaxmi, Mumbai – 400011, Maharashtra, India |
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Tel. No. : |
91-22-24932502/ 66551770 |
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Fax No. : |
91-22-66551774 |
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E-Mail : |
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Website : |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFK6843P |
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Holding Company : |
Malca-Amit Global Limited (Formerly Known as Malca Amit Hong Kong
Limited) |
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Associates : |
· Jasraj Kalianji and Company VB Logistics Private Limited Jasraj Kalianji Infosystems Private Limited |
CAPITAL STRUCTURE
As on 21.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,300 |
Equity Shares |
Rs.10/- each |
Rs. 0.103 Million |
|
|
|
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|
As on 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
0.100 |
0.100 |
|
(b) Reserves & Surplus |
|
325.449 |
172.603 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
325.549 |
172.703 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
3.102 |
1.626 |
|
Total Non-current Liabilities (3) |
|
3.102 |
1.626 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
144.591 |
240.435 |
|
(c) Other current
liabilities |
|
18.403 |
20.702 |
|
(d) Short-term provisions |
|
10.033 |
0.910 |
|
Total Current Liabilities (4) |
|
173.027 |
262.047 |
|
|
|
|
|
|
TOTAL |
|
501.678 |
436.376 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
33.519 |
19.762 |
|
(ii) Intangible Assets |
|
0.856 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
2.084 |
0.170 |
|
(d) Long-term Loan and Advances |
|
91.155 |
68.514 |
|
(e) Other Non-current assets |
|
50.336 |
60.576 |
|
Total Non-Current Assets |
|
177.950 |
149.022 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
219.535 |
262.523 |
|
(d) Cash and cash
equivalents |
|
72.976 |
6.025 |
|
(e) Short-term loans and
advances |
|
23.613 |
12.963 |
|
(f) Other current assets |
|
7.604 |
5.843 |
|
Total Current Assets |
|
323.728 |
287.354 |
|
|
|
|
|
|
TOTAL |
|
501.678 |
436.376 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
107.548 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
107.648 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
107.648 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
10.971 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.683 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
146.623 |
|
|
Cash & Bank Balances |
|
|
80.480 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
199.531 |
|
Total
Current Assets |
|
|
426.634 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
62.321 |
|
|
Other Current Liabilities |
|
|
80.844 |
|
|
Provisions |
|
|
187.475 |
|
Total
Current Liabilities |
|
|
330.640 |
|
|
Net Current Assets |
|
|
95.994 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
107.648 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
678.245 |
560.100 |
|
|
|
Other Income |
|
8.012 |
5.100 |
|
|
|
TOTAL |
|
686.257 |
565.200 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
458.738 |
387.502 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
227.519 |
177.698 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
72.464 |
60.421 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
155.055 |
117.277 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
NA
|
22.59 |
20.75 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
33.55 |
31.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
52.16 |
40.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
1.32 |
1.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
52.16 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.00 |
1.32 |
1.29 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.12.2011 |
31.12.2012 |
|
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
|
0.100 |
0.100 |
|
Reserves & Surplus |
|
172.603 |
325.449 |
|
Net
worth |
|
172.703 |
325.549 |
|
|
|
|
|
|
long-term borrowings |
|
0.000 |
0.000 |
|
Short term borrowings |
|
0.000 |
0.000 |
|
Total
borrowings |
|
0.000 |
0.000 |
|
Debt/Equity
ratio |
|
0.000 |
0.000 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two 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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
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: NO
CHARGES EXIST FOR COMPANY
CORPORATE
INFORMATION
Subject is the subsidiary of Malka- Amit Global Limited, a Hong Kong based company. The team of logistics, security, custom brokers and special operations experts are on hand around the clock to ensure a smooth, expedient and professional service tailored to exact requirements of customers. With offices and agents in 31 countries, along with a comprehensive international network of partners and affliates, the group provides best in class customer service and solutions for those dealing in Diamonds and Jewellery, Precious Metals, Fine Arts, Special Event Operations and more.
FIXED ASSETS
· Office Building
Furniture
and Fixture
Electrical
Fittings
Computers
Motor
Vehicle
Office
Equipment
License
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.60.99 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.