MIRA INFORM REPORT
|
Report No. : |
316955 |
|
Report Date : |
15.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHINE TRAVELS AND CARGO PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
CB
173-B, Shine House Ring Road, Naraina, New Delhi – 110 028 |
|
Tel. No.: |
91-11-25778519 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 (Summarised
Figures) |
|
|
|
|
Date of
Incorporation : |
27.02.1992 |
|
|
|
|
Com. Reg. No.: |
55-047783 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.885 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1992PTC047783 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject acts as a Freight Forwarding Agents, offer a single-source solution to manage the transportation and freight. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
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 102000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
The subject is an
established company having a satisfactory track record. The company has
reported an increase in its sales turnover and profitability during FY2014. Trade relations
are fair. Business is active. Payments are reported to be usually correct The company can
be considered normal for business dealings at usual trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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 DECLINED
Management non-cooperative
(Tel. No.: 91-11-25778519)
LOCATIONS
|
Registered Office : |
CB
173-B, Shine House Ring Road, Naraina, New Delhi – 110 028, India |
|
Tel. No. : |
91-11-25778519/ 25778165/
25778387/ 25778581 |
|
Fax No. : |
91-11-25778476/
25778581 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Ram Sagar Tiwari |
|
Designation : |
Managing Director |
|
Address : |
A-271, Vikas Puri, New Delhi – 110 018,
India |
|
Date of Birth/Age : |
01.12.1963 |
|
Date of Appointment : |
27.02.1992 |
|
DIN No. : |
00432477 |
|
|
|
|
Name : |
Mr. Mohan Tiwari |
|
Designation : |
Director |
|
Address : |
A-271, Vikas Puri, New Delhi – 110 018,
India |
|
Date of Birth/Age : |
01.01.1960 |
|
Date of Appointment : |
27.02.1992 |
|
DIN No. : |
00432554 |
|
|
|
|
Name : |
Mr. Anand Sagar Tiwari |
|
Designation : |
Director |
|
Address : |
A-271, Vikas Puri, New Delhi – 110 018,
India |
|
Date of Birth/Age : |
12.08.1972 |
|
Date of Appointment : |
27.02.1992 |
|
DIN No. : |
00432607 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
holding |
|
Ram Sagar Tiwari |
22740 |
78.82 |
|
Mohan Tiwari |
2460 |
8.52 |
|
Anand
Sagar Tiwari |
2850 |
9.88 |
|
Shyam Devi Tiwari |
400 |
1.39 |
|
Gopalji Tiwari |
400 |
1.39 |
|
Total |
28850 |
100.00 |
AS ON 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject acts as a Freight Forwarding Agents, offer a single-source solution to manage the transportation and freight. |
|
|
|
|
Products/ Services : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT
AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management. |
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|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Axis Bank Limited, New Delhi, India ·
HDFC Bank Limited, New Delhi, India ·
Vijaya Bank, Chennai, Tamilnadu, India ·
Vijaya Bank, Mumbai, Maharashtra, India ·
Vijaya Bank, Kolkata, West Bengal, India ·
The Bank of Tokyo-Mitsubishi UFJ Limited, New
Delhi, India ·
Vijaya Bank, Ahmedabad, Gujarat, India ·
Vijaya Bank, Bangalore, Karnataka, India ·
Vijaya Bank, Kochi ·
Vijaya Bank, Moradabad ·
Vijaya Bank, Kanpur, Uttar Pradesh, India ·
Vijaya Bank, Panipat ·
Vijaya Bank, Pune, Maharashtra, India ·
Vijaya Bank, Secundrabad ·
Vijaya Bank, Tuticorin ·
China Trust Commercial Bank, New Delhi ·
CITI Bank, New Delhi ·
Punjab National Bank, New Delhi ·
State Bank of India, New Delhi |
||||||||||||||||||||||||||||||||||||
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Facilities : |
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
S.K. Sapra and Company Chartered Accountants |
|
Address : |
F-18B, School Lane, Rajouri Garden, New Delhi – 110 027, India |
|
Tel. No. : |
91-11-25410564/
25450742 |
|
E-Mail : |
|
|
PAN
No.: |
AAYFS7287D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
28850 |
Equity Shares |
Rs.100/- each |
Rs.2.885 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
SUMMARISED FIGURES
|
SOURCES OF FUNDS |
|
|
31.03.2014 |
|
SHARE CAPITAL |
|
|
2.885 |
|
|
|
|
|
|
RESERVES & SURPLUS |
|
|
32.835 |
|
|
|
|
|
|
SECURED LOANS |
|
|
2.387 |
|
|
|
|
|
|
UNSECURED LOANS |
|
|
0.000 |
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
25.726 |
|
|
|
|
|
|
INVESTMENT |
|
|
0.021 |
|
|
|
|
|
|
NET CURRENT ASSETS |
|
|
94.816 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.885 |
2.885 |
|
(b) Reserves & Surplus |
|
28.708 |
26.900 |
|
(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) |
|
31.593 |
29.785 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
11.178 |
3.357 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
11.178 |
3.357 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
70.926 |
68.288 |
|
(c) Other
current liabilities |
|
0.000 |
0.000 |
|
(d) Short-term
provisions |
|
7.350 |
6.250 |
|
Total Current
Liabilities (4) |
|
78.276 |
74.538 |
|
|
|
|
|
|
TOTAL |
|
121.047 |
107.680 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
21.771 |
15.099 |
|
(ii)
Intangible Assets |
|
0.000 |
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) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.913 |
1.333 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
22.684 |
16.432 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.021 |
0.021 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
34.198 |
31.633 |
|
(d) Cash
and cash equivalents |
|
34.853 |
35.074 |
|
(e)
Short-term loans and advances |
|
17.292 |
12.463 |
|
(f) Other
current assets |
|
11.999 |
12.057 |
|
Total
Current Assets |
|
98.363 |
91.248 |
|
|
|
|
|
|
TOTAL |
|
121.047 |
107.680 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Export earnings |
143.656 |
97.458 |
182.158 |
|
|
|
Domestic Billing |
|
13.654 |
80.032 |
|
|
|
Commission earned |
|
1.295 |
1.782 |
|
|
|
Freight rate diff received |
|
5.621 |
11.569 |
|
|
|
TOTAL |
143.656 |
118.028 |
275.541 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
138.345 |
115.120 |
270.732 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
5.311 |
2.908 |
4.809 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.185 |
1.100 |
1.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
4.126 |
1.808 |
3.009 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
28.708 |
26.900 |
23.891 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
28.708 |
26.900 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
143.03 |
62.67 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Total Income) |
(%) |
2.87 |
1.53 |
1.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
2.40 |
4.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.09 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
NA |
0.35 |
0.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA |
1.26 |
1.22 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(INR in Million) |
(INR in Million) |
|
Share Capital |
2.885 |
2.885 |
|
Reserves & Surplus |
26.900 |
28.708 |
|
Net worth |
29.785 |
31.593 |
|
|
|
|
|
Long Term borrowings |
3.357 |
11.178 |
|
Short Term borrowings |
0.000 |
0.000 |
|
Total borrowings |
3.357 |
11.178 |
|
Debt/Equity ratio |
0.113 |
0.354 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Total Income |
275.541 |
118.028 |
143.656 |
|
|
|
(57.165) |
21.713 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Total Income |
275.541 |
118.028 |
143.656 |
|
Profit |
3.009 |
1.808 |
4.126 |
|
|
1.09% |
1.53% |
2.87% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10503025 |
06/03/2014 |
7,500,000.00 |
VIJAYA BANK |
NO B/25, VIKASPURI, NEW
KRISHNA PARK, NEW DELHI, DELHI - 110018, INDIA |
C06500458 |
|
2 |
10130196 |
18/10/2008 |
500,000.00 |
VIJAYA BANK |
NEW KRISHNA PARK, NEW
DELHI, DELHI - 110018, INDIA |
A50790765 |
|
3 |
10064551 |
26/10/2006 |
450,000.00 |
VIJAYA BANK |
MANDVI BRANCH, AVSAR
BUILDING, 77/81, KAZI SAYED STREET, MANDVI, MUMBAI, MAHARASHTRA - 400003,
INDIA |
A08802282 |
|
4 |
90063489 |
31/05/2005 |
370,000.00 |
VIJAYA BANK |
ANDHERI BRANCH; S.V.
ROAD, ANDHERI WEST, MUMBAI, MAHARASHTRA, INDIA |
- |
|
5 |
90062887 |
25/03/2011 * |
7,500,000.00 |
VIJAYA BANK |
B - 25, NEW KRISHNA PARK,
VIKAS PURI, DELHI, DELHI - 110018, INDIA |
B09783481 |
|
6 |
90062756 |
25/03/2011 * |
7,500,000.00 |
VIJAYA BANK |
B - 25, NEW KRISHNA PARK,
VIKAS PURI, DELHI, DELHI - 110018, INDIA |
B09783598 |
|
7 |
90062724 |
20/12/2002 |
3,000,000.00 |
VIJAYA BANK |
KRISHNA PARK, NEW DELHI,
DELHI - 110018, INDIA |
- |
|
8 |
90062067 |
20/12/2001 * |
2,500,000.00 |
VIJAYA BANK |
KRISHNA PARK, NEW DELHI,
DELHI - 110018, INDIA |
- |
|
9 |
90062055 |
06/09/2000 |
500,000.00 |
VIJAYA BANK |
KRISHNA PARK, NEW DELHI, DELHI
- 110018, INDIA |
- |
|
10 |
90061912 |
24/02/2000 |
385,000.00 |
VIJAYA BANK |
KRISHNA PARK, NEW DELHI,
DELHI - 110018, INDIA |
- |
|
11 |
90061451 |
14/07/1998 |
500,000.00 |
VIJAYA BANK |
KRISHNA PARK, NEW DELHI,
DELHI - 110018, INDIA |
- |
|
12 |
90061351 |
02/02/1998 |
314,000.00 |
VIJAYA BANK |
KRISHNA PARK, NEW DELHI,
DELHI, INDIA |
- |
|
13 |
90061219 |
16/08/1997 |
340,000.00 |
VIJAYA BANK |
KRISHNA PARK, NEW DELHI,
DELHI - 110018, INDIA |
- |
|
14 |
90060690 |
14/06/1995 |
300,000.00 |
VIJAYA BANK |
KRISHNA PARK, NEW DELHI,
DELHI - 110018, INDIA |
- |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Office Equipments
·
Furniture and Fixtures
·
Vehicles
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.62.39 |
|
|
1 |
Rs.91.06 |
|
Euro |
1 |
Rs.66.16
|
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
-- PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.