MIRA INFORM REPORT
|
Report No. : |
306500 |
|
Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
NATURE’S ESSENCE PRIVATE LIMITED (w.e.f.29.05.2013) |
|
|
|
|
Formerly Known
As : |
NATURE ESSENCE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2505, D-2, New Delhi – 110070 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.09.1998 |
|
|
|
|
Com. Reg. No.: |
55-096279 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 19.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24233DL1998PTC096279 |
|
|
|
|
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
: |
Manufacturer and Exporter of Herbal and Cosmetics Products. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be fair. Profitability
of the company is sound. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. Subject can be considered 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
February 27, 2014 |
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. Saurabh Nanda |
|
Designation : |
Manager |
|
Contact No.: |
91-9811324074 |
|
Date : |
09.02.2015 |
LOCATIONS
|
Registered Office : |
2505, D-2, New Delhi – 110070, India |
|
Tel. No.: |
91-11-26673045/ 26673067 |
|
Mobile No.: |
91-9811324074 (Mr. Saurabh Nanda) |
|
Fax No.: |
91-11-26687922 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
P-25, Sector – 6, IIB, Haridwar, Uttarakhand, India |
|
|
|
|
Branch Office : |
80/11-B, Malviya Nagar, New Delhi – 110017, India |
|
Tel. No.: |
91-11-26673045/ 26673067 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Raj Kumar Nanda |
|
Designation : |
Director |
|
Address : |
2505, D-2, Vasant Kunj, New Delhi – 110070, India |
|
Date of Birth/Age : |
11.12.1950 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
26.09.1998 |
|
DIN No.: |
00449777 |
|
|
|
|
Name : |
Mrs. Neelam Nanda |
|
Designation : |
Director |
|
Address : |
2505, D-2, Vasant Kunj, New Delhi – 110070, India |
|
Date of Birth/Age : |
05.06.1955 |
|
Date of Appointment : |
01.12.2001 |
|
DIN No.: |
00449546 |
KEY EXECUTIVES
|
Name : |
Mr. Saurabh Nanda |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Raj Kumar Nanda |
750010 |
39.47 |
|
Neelam Nanda |
1149990 |
60.53 |
|
|
|
|
|
Total |
1900000 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Herbal and Cosmetics Products. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· Canada · Sri Lanka · South Africa · New Zealand |
|
|
|
|
Imports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Cheque |
|
|
|
|
Purchasing : |
Cash and Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· A M Marketing · Alfa Packaging · H. V. Technologies · Fragrance Specialties · Real Herbal Products · Shakti Industries |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
· Excel Enterprises · G.D. International · Mittal Enterprises · Shree Associates · Teja Enterprises · Zurich India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
1000 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Oriental Bank of Commerce Institutional Area, Hauz Khas, New Delhi – 110016, Delhi, India · The Hong Kong and Shanghai Banking Corporation Limited 25, Barakhamba Road, New Delhi – 110001, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Raina Pandey and Company Chartered Accountants |
|
Address : |
65B, 1st Floor, Hari Nagar, Ashram Chowk, New Delhi – 110014, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFR5577D |
|
|
|
|
Associates/ Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,900,000 |
Equity Shares |
Rs. 10/- each |
Rs. 19.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.000 |
10.039 |
10.039 |
|
(b) Reserves & Surplus |
192.112 |
159.672 |
130.712 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
8.961 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
211.112 |
178.672 |
140.751 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1.000 |
3.630 |
5.230 |
|
(b) Deferred tax liabilities (Net) |
3.998 |
0.288 |
0.227 |
|
(c)
Other long term liabilities |
1.011 |
2.153 |
0.050 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
6.009 |
6.071 |
5.507 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
147.433 |
82.315 |
51.730 |
|
(b)
Trade payables |
98.051 |
89.130 |
61.607 |
|
(c)
Other current liabilities |
29.058 |
17.689 |
19.866 |
|
(d)
Short-term provisions |
16.301 |
11.260 |
8.794 |
|
Total
Current Liabilities (4) |
290.843 |
200.394 |
141.997 |
|
|
|
|
|
|
TOTAL |
507.964 |
385.137 |
288.255 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
153.767 |
107.706 |
92.333 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
7.148 |
10.069 |
2.470 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
160.915 |
117.775 |
94.803 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
183.033 |
78.251 |
42.185 |
|
(c)
Trade receivables |
77.748 |
126.213 |
102.493 |
|
(d)
Cash and cash equivalents |
37.217 |
24.625 |
20.900 |
|
(e)
Short-term loans and advances |
49.051 |
38.273 |
27.874 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
347.049 |
267.362 |
193.452 |
|
|
|
|
|
|
TOTAL |
507.964 |
385.137 |
288.255 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
691.255 |
582.041 |
|
|
|
Other Income |
|
1.762 |
3.343 |
|
|
|
TOTAL (A) |
NA
|
693.017 |
585.384 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
362.407 |
298.954 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(4.916) |
0.000 |
|
|
|
Employees benefits expense |
|
58.921 |
45.414 |
|
|
|
Other expenses |
|
213.061 |
190.550 |
|
|
|
TOTAL (B) |
NA
|
629.473 |
534.918 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
66.248 |
63.544 |
50.466 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.854 |
7.986 |
4.547 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
58.394 |
55.558 |
45.919 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.303 |
8.276 |
8.374 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
49.091 |
47.282 |
37.545 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
15.189 |
11.321 |
8.620 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
33.902 |
35.961 |
28.925 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.84 |
35.82 |
28.81 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA |
5.20 |
4.97 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
9.19 |
8.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.66 |
12.28 |
13.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.26 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.70 |
0.48 |
0.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.33 |
1.36 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
10.039 |
10.039 |
19.000 |
|
Reserves & Surplus |
130.712 |
159.672 |
192.112 |
|
Share Application money pending allotment |
|
8.961 |
|
|
Net
worth |
140.751 |
178.672 |
211.112 |
|
|
|
|
|
|
Long-term borrowings |
5.230 |
3.630 |
1.000 |
|
Short term borrowings |
51.730 |
82.315 |
147.433 |
|
Total
borrowings |
56.960 |
85.945 |
148.433 |
|
Debt/Equity
ratio |
0.405 |
0.481 |
0.703 |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10450439 |
18/09/2014 * |
135,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
25, BARAKHAMBA
ROAD, NEW DELHI, DELHI - 110001, IN |
C22903314 |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
-Security
received from Trade Distributors |
|
|
|
S K Agency |
0.000 |
0.150 |
|
Mahavir Herbal Care |
0.400 |
0.400 |
|
Shri Vishnu Sai Medical Enterprises |
0.000 |
0.100 |
|
M B Distributors |
0.000 |
0.050 |
|
Unique Pharmaceuticals |
0.100 |
0.100 |
|
Nirmal Traders |
0.000 |
0.100 |
|
Maa Mahamaya Trading Company |
0.000 |
0.100 |
|
Zurich India – Gzb. |
0.400 |
0.400 |
|
Gyan Agencies |
0.050 |
0.050 |
|
S V Traders |
0.000 |
0.500 |
|
Chabra Traders |
0.000 |
0.500 |
|
Durga Prasad Som Dutt |
0.000 |
0.150 |
|
Jinender Enterprises |
0.050 |
0.050 |
|
Neelmadhab Enterprises |
0.000 |
0.200 |
|
Lokhnath Agency |
0.000 |
0.030 |
|
Manorama Traders |
0.000 |
0.050 |
|
Shree Vishnu Enterprises |
0.000 |
0.100 |
|
SSD Medico |
0.000 |
0.100 |
|
Patel Brothers |
0.000 |
0.500 |
|
SHORT TERM BORROWINGS |
|
|
|
Hindustan Enterprises |
0.300 |
0.000 |
|
JSS Print Zone – Advance |
0.000 |
1.000 |
|
|
|
|
|
Total |
1.300 |
4.630 |
FINANCIAL
PROSPECTS AND RESULT OF OPERATION
The company has earned Net Profit of Rs. 49.092 Millions during the previous
year. The company is trying to focus in the area of export apart from the
domestic market. International Trade Fairs and Exhibition has been conducted to
strengthen the international business and profitability of the company.
FIXED ASSETS:
- Air
Conditioner
- Bicycle
- Car
- CCTV Camera
- Furniture and
Fixtures
- Generator
- Lab
Equipments
- Plant and
Machinery
- Scooter
- Plastic
Create
- Xerox Machine
- Office
Equipments
- Refrigerator
- Telephone
Equipments
COURT RESTRAINS USE
OF DECEPTIVE TRADEMARK OF NATURE'S ESSENCE
New
Delhi
August 28, 2014
A Delhi court has restrained the use of
deceptively similar trademark, visually or phonetically, of cosmetic products
major 'Nature's Essence' and its sub-brand 'Coloressence'.
The court restrained the defendants from using
registered trademarks of M/s Nature's Essence Private Limited.
"...I have no hesitation to hold that prima
facie the impugned mark 'Care Essence' of defendant is deceptively similar to
the registered trademark of the plaintiff 'Nature's Essence' and
'Coloressence'," Additional District Judge Balwant
Rai Bansal said.
"The defendants, their proprietors,
associates, dealers are restrained from infringing the registered trademarks
'Nature's Essence' and 'Coloressence' by using the impugned trademark 'Care
Essence' with any prefix and suffix or any phonetically or visually similar
trademark as that of the plaintiff's (M/s Nature's Essence Private Limited)
registered trademarks," the court said.
The court's order came on the civil suit of
cosmetic products major M/s Nature's Essence Private Limited) seeking
injunction restraining the defendants (Ram Kumar Singh, ex-distributor of the
company in Bihar and others) from infringement of its trademark.
In its suit, the company said that Singh was one
of its distributors for Bihar since 2005 and was carrying on the business of
distribution and marketing of the various products but his association with the
company had come to an end on March 31, 2014.
It alleged that in June 2014, the company came
to know that Singh had started promotion "CARE ESSENCE" range of
products in the market, the product it was about to launch and has been
contacting various dealers and distributors in Delhi and Bihar.
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. 62.14 |
|
|
1 |
Rs. 95.78 |
|
Euro |
1 |
Rs. 71.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
|
45 |
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.