MIRA
INFORM REPORT
|
Report Date : |
20.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUJAL LOGISTICS PRIVATE LIMITED |
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Registered
Office : |
C/O Vaisal Enterprises, 23, Hotel |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
15.09.2004 |
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Com. Reg. No.: |
04-044737 |
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Capital Investment
/ Paid-up Capital : |
Rs. 1.732 Millions |
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CIN No.: [Company Identification
No.] |
U63090GJ2004PTC044737 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDS04265C |
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PAN No.: [Permanent Account No.] |
APPLIEDFOR |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Trader and Importer of Salt, Marine Gypsum, Phospho
Gypsum, Coal etc. |
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No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 49000 |
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|
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. General financial position of the company seems to be sound. Profitability
of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealing at usual trade
terms and condition. |
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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
|
Name : |
Mr. Manoj |
|
Designation : |
Director |
|
Contact No.: |
91-9825071379 |
|
Date : |
13.09.2014 |
LOCATIONS
|
Registered Office : |
C/O Vaisal Enterprises, 23, Hotel Sabar Compound, N.H. No.8, Narmada
Chokdi, P.O. Zadeshwar, Bharuch – 392011, Gujarat, India |
|
Tel. No. : |
91-2642-230430 / 226959 |
|
Mobile No. : |
91-9825071379 (Mr. Manoj Maheshwari) |
|
Fax No. : |
91-2642-231179/ 230430 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
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Factory 1 : |
Dahej Bharuch, Gujarat, India |
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Factory 2 : |
Jambusar, Bharuch, Gujarat, India |
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Factory 3 : |
Gandhidham, Kutch, Gujarat, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Manoj Manilal Maheshwari |
|
Designation : |
Director |
|
Address : |
P-40, Atithi Bunglows, |
|
Date of Birth/Age : |
12.11.1971 |
|
Date of Appointment : |
15.09.2004 |
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Voter ID No.: |
ADF2366730 |
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DIN No : |
00197627 |
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|
Name : |
Mrs. Preeti Manoj Maheshwari |
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Designation : |
Director |
|
Address : |
P-40, Atithi Bunglows, |
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Date of Birth/Age : |
18.09.1974 |
|
Date of Appointment : |
15.09.2004 |
|
Voter ID No.: |
ADF2366748 |
|
DIN No : |
00813353 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Manoj M. Maheshwari |
|
89700 |
|
Preeti M. Maheshwari |
|
33500 |
|
Manilal Maheshwari |
|
25000 |
|
Shantaben Maheshwari |
|
25000 |
|
Total |
|
173200 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Importer of Salt, Marine Gypsum, Phospho
Gypsum, Coal etc. |
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|
Products : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Pakistan ·
Thailand ·
Iran ·
Oman |
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Terms : |
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Selling : |
Cash, Advance Payment, L\C and Credit |
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Purchasing : |
Cash, Advance Payment, L\C and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers , Retailers, End Users and Manufacturer |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
Axis Bank Limited, GF, FF Plot No C-3/9, Opposite Asopalav Guest
House, GIDC, Station Road, Ankleshwar – 393002, Gujarat, India |
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Facilities : |
NOTES: LONG-TERM BORROWINGS a. The Term Loan - from Reliance Capital Limited in carrying 19.25%
interest rate and secured by way of personal guarantee of Directors. b. The Term Loan
- from City Corp Finance (India) Limited is carrying 9.81% interest rate and
secured by way of Hypothecation of Escorts JCB 430Z c. The Term Loan
- from City Corp Finance (India) Limited is carrying 11.80% interest rate and
secured by way of Hypothecation of Escorts JCB430Z d. The Term Loan
- from City Corp Finance (India) Limited is carrying 12.00% interest rate and
secured by way of Hypothecation of AMW 2518 HL e. The Term Loan - from ICICI Bank Limited is carrying 11.36% interest
rate and secured by way of Hypothecation of AMW 2518 HL f. The Term Loan - from Magma Fincorp Limited is carrying 11.355%
interest rate and secured by way of Hypothecation of AMW 2518 HL SHORT-TERM
BORROWINGS a. Outstanding secured loans carry an interest rate of 16.50% b. Outstanding secured loan is secured by hypothecation of stocks and
receivables of the company including stocks and receivables of its 100% owned
division Vatsal Enterprises. |
|
Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
D K N and Associates Chartered Accountants |
|
Address : |
Office No. 7-8, 2nd Floor, Shree Rang Palace, Near Inox Multiplex, Zadeshwar Road, Bharuch – 392012, Gujarat. India |
|
Tel. No. : |
91-2642-245409 |
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E-Mail : |
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PAN
No. : |
AAFFD5639R |
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Associates/Subsidiaries : |
·
Vatsal
Enterprises Address: C/O Vaisal Enterprises,
23, Hotel Sabar Compound, N.H. No.8, Narmada Chokadi, P.O. Zadeshwar, Bharuch
– 392 011, Gujarat, India Line
of Business: Trader of Salt, Gypsum, Coal. |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000 Millions |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
173200 |
Equity Shares |
Rs.10/- each |
Rs. 1.732 Millions |
|
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|
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|
FINANCIAL
DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
1.732 |
1.732 |
1.732 |
|
(b) Reserves & Surplus |
10.508 |
7.756 |
5.754 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
12.240 |
9.488 |
7.486 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
4.918 |
1.164 |
|
(b) Deferred tax liabilities (Net) |
0.108 |
0.004 |
(0.091) |
|
(c) Other long term liabilities |
0.000 |
0.108 |
0.408 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
0.108 |
5.030 |
1.481 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
15.220 |
13.691 |
12.526 |
|
(b) Trade payables |
27.113 |
15.622 |
11.92 |
|
(c) Other current
liabilities |
9.390 |
22.254 |
3.831 |
|
(d) Short-term provisions |
1.336 |
0.896 |
0.737 |
|
Total Current Liabilities (4) |
53.059 |
52.463 |
29.015 |
|
|
|
|
|
|
TOTAL |
65.407 |
66.981 |
37.982 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
14.299 |
18.052 |
6.780 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.061 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.214 |
0.214 |
0.140 |
|
(e) Other Non-current assets |
0.481 |
0.481 |
0.481 |
|
Total Non-Current Assets |
15.055 |
18.747 |
7.401 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
9.723 |
16.026 |
6.050 |
|
(c) Trade receivables |
34.463 |
21.943 |
15.057 |
|
(d) Cash and cash
equivalents |
0.496 |
2.324 |
2.581 |
|
(e) Short-term loans and
advances |
5.670 |
7.941 |
6.893 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
50.352 |
48.234 |
30.581 |
|
|
|
|
|
|
TOTAL |
65.407 |
66.981 |
37.982 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
83.719 |
48.546 |
22.827 |
|
|
|
Transport Income |
87.727 |
78.364 |
75.587 |
|
|
|
TOTAL |
171.446 |
126.910 |
98.414 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in inventories of fg,WIP &SIT |
|
|
|
|
|
|
Employee benefit expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
10.620 |
11.170 |
5.086 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.781 |
3.665 |
2.106 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
7.839 |
7.505 |
2.980 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.784 |
4.544 |
0.692 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
4.055 |
2.961 |
2.288 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.271 |
0.958 |
0.735 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
2.784 |
2.003 |
1.553 |
|
|
|
|
|
|
|
|
|
Less |
Earlier year tax adjustments |
0.031 |
0.001 |
0.060 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.756 |
5.754 |
4.261 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
10.509 |
7.756 |
5.754 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods |
1.362 |
|
|
|
|
|
Stores & Spares |
0.000 |
0.000 |
|
|
|
|
Capital Goods |
0.000 |
0.000 |
|
|
|
TOTAL IMPORTS |
1.362 |
7.332 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
16.07 |
11.56 |
8.97 |
|
|
Particulars |
|
|
31.03.2014 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
120.000 |
|
|
|
|
|
The above information has been parted by Mr. Manoj Maheswari
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.62 |
1.58 |
1.58 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.84 |
6.10 |
10.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.21 |
4.42 |
6.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.31 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.24 |
1.96 |
1.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
0.92 |
1.05 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1.732 |
1.132 |
1.732 |
|
Reserves & Surplus |
5.754 |
7.755 |
10.508 |
|
Net
worth |
7.486 |
8.887 |
12.240 |
|
|
|
|
|
|
long-term borrowings |
1.164 |
4.918 |
0.000 |
|
Short term borrowings |
12.526 |
13.691 |
15.220 |
|
Total
borrowings |
13.690 |
18.609 |
15.220 |
|
Debt/Equity
ratio |
1.829 |
2.094 |
1.243 |
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 |
22.827 |
48.546 |
83.719 |
|
|
|
112.669 |
72.453 |
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 |
22.827 |
48.546 |
83.719 |
|
Profit |
1.553 |
2.003 |
2.784 |
|
|
6.80% |
4.13% |
3.33% |
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
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
Yes |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/ Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10430406 |
03/03/2014 * |
29,225,000.00 |
AXIS BANK LTD |
GF, FF PLOT NO
C-3/9, OPP ASOPALAV GUEST HOUSE, G |
B98868383 |
* Date of charge modification
FIXED ASSETS
·
Goodwill
·
Personal Building
·
Office Equipments
·
Office Equipments – JCB
machine
·
Furniture and Fixture
·
Vehicles
·
Computer
OPERATION:
The Company has
earned Transport Income of Rs. 87.727 Millions during the year, as compared with
78.364 Millions during the immediate preceding previous year. There is
resultant increase in gross receipts by 11.95%. The company has also achieved
the sales turnover of Rs. 83.719 Millions during the year, as compared with Rs.
48.546 Millions during the immediate preceding previous year. There is
resultant decrease in gross receipts by 72.45%. The director views a better
prospect during the upcoming years.
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. 60.95 |
|
|
1 |
Rs. 99.32 |
|
Euro |
1 |
Rs. 78.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KLS |
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 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.