MIRA INFORM REPORT
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Report No. : |
307403.2 |
|
Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
L L D DIAMONDS ( |
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|
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Registered
Office : |
DW-4022, Bharat Diamond
Bourse, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, |
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Country : |
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|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
03.12.2004 |
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Com. Reg. No.: |
11-149803 |
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Capital
Investment / Paid-up Capital : |
Rs.0.500 million |
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CIN No.: [Company Identification
No.] |
U36910MH2004PTC149803 |
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IEC No.: |
0304084182 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCL0549F |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is dealing, exporting and importing in only one major product i.e. natural diamonds. |
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|
No. of Employees
: |
4 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established
company having moderate track. It has incurred
huge accumulated losses which has eroded the networth of the company.
Borrowings of the company is increasing as well. However, business
is active. Payment terms are slow. The company can
be considered for business dealings on safe and secured 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 PARTED BY
|
Name : |
Mr. Arup Purkait |
|
Designation : |
Accounts cum Admin Manager |
|
Contact No.: |
91-22-40235106 |
|
Date : |
18.02.2015 |
LOCATIONS
|
Registered Office : |
DW-4022, Bharat Diamond
Bourse, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra,
India |
|
Tel. No. : |
91-22-40235106/
07/ 23676271/ 6293 |
|
Fax No. : |
91-22-40231644/
23676509 |
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E-Mail : |
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|
Area : |
1049 sq. ft. |
|
Location : |
Leased |
|
Locality : |
Commercial |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Khengar Paresh Shah |
|
Designation : |
Additional Director |
|
Address : |
75, Prem Milan, 87/B, Nepean
Sea Road, Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
41 Years |
|
Qualification : |
B. Com |
|
Experience : |
20 Years |
|
Date of Appointment : |
17.07.2006 |
|
DIN No. : |
00603194 |
|
|
|
|
Name : |
Zvulun Leviev |
|
Designation : |
Additional Director |
|
Address : |
0004, Amiel, Apartment 0005, Beni Beraq, 51581, Tel Aviv,
51581, Israel |
|
Date of Birth/Age : |
06.11.1982 |
|
Date of Appointment : |
01.08.2010 |
|
DIN No. : |
03104384 |
KEY EXECUTIVES
|
Name : |
Mr. Arup Purkait |
|
Designation : |
Accounts cum Admin Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
L.L.D Diamonds Limited, Israel |
|
49999 |
|
Yitzak Lavee Pannen Poran |
|
1 |
|
Total |
|
50000 |
AS ON 30.09.2014
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] |
100.00 |
%20PRIVATE%20LIMITED%20-%20307403%202%20(SUPPLEMENTARY%20REPORT)%2020-Feb-2015_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is dealing, exporting and importing in only one major product i.e. natural diamonds. |
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Products : |
Diamonds |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
90 D/A |
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Purchasing : |
90 D/A |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers
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No. of Employees : |
4 (Approximately) |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Sudip Thacker Chartered Accountant |
|
Address : |
315, Churchgate Chambers, 5, New Marine Lines, Mumbai – 400 020, Maharashtra, India |
|
Tel. No.: |
91-22-60602080 |
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PAN
No.: |
AAAPT6759M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Holding Company : |
L.L.D Diamonds Limited, Israel |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
|
|
|
|
|
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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
(3.646) |
(2.906) |
(2.221) |
|
(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) |
(3.146) |
(2.406) |
(1.721) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
7.813 |
7.071 |
6.650 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.026 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
0.016 |
0.000 |
0.230 |
|
Total Non-current Liabilities (3) |
7.829 |
7.071 |
6.906 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
22.764 |
21.084 |
47.238 |
|
(c) Other current
liabilities |
0.251 |
0.199 |
0.232 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
23.015 |
21.283 |
47.470 |
|
|
|
|
|
|
TOTAL |
27.698 |
25.948 |
52.655 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.573 |
0.619 |
0.723 |
|
(ii) Intangible Assets |
0.001 |
0.002 |
0.003 |
|
(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 |
2.206 |
1.634 |
1.540 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2.780 |
2.255 |
2.266 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.040 |
0.543 |
0.040 |
|
(c) Trade receivables |
23.559 |
20.554 |
47.610 |
|
(d) Cash and cash
equivalents |
0.716 |
1.891 |
1.338 |
|
(e) Short-term loans and
advances |
0.603 |
0.705 |
1.401 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
24.918 |
23.693 |
50.389 |
|
|
|
|
|
|
TOTAL |
27.698 |
25.948 |
52.655 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operation |
|
8.958 |
23.039 |
|
|
|
Other Income |
|
0.211 |
0.000 |
|
|
|
TOTAL |
9.839 |
9.169 |
23.039 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
|
0.503 |
14.730 |
|
|
|
Changes in inventory of traded goods |
|
(0.503) |
(0.040) |
|
|
|
Employees benefit expenses |
|
2.656 |
2.012 |
|
|
|
Other expenses |
|
6.383 |
5.462 |
|
|
|
TOTAL |
10.563 (including
financial and depreciation) |
9.039 |
22.164 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
0.130 |
0.875 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.750 |
1.195 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
(0.620) |
(0.320) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.131 |
0.166 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(0.724) |
(0.751) |
(0.486) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.016 |
(0.066) |
0.284 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(0.740) |
(0.685) |
(0.770) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(2.906) |
(2.221) |
(1.451) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
(3.646) |
(2.906) |
(2.221) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
Nil
|
Nil
|
15.701 |
|
|
|
|
|
|
|
|
|
|
VALUE OF IMPORTS
CALCULATED ON CIF BASIS |
Nil
|
0.487 |
14.648 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
(14.79) |
(13.70) |
NA |
|
%20PRIVATE%20LIMITED%20-%20307403%202%20(SUPPLEMENTARY%20REPORT)%2020-Feb-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20307403%202%20(SUPPLEMENTARY%20REPORT)%2020-Feb-2015_files/image004.gif){kind=small}
Expected Sales (2014-2015): Rs.15.000 millions
The above information has been parted by Mr. Arup Purkait (Accounts cum
Admin Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA |
(7.65) |
(3.34) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
NA |
1.45 |
3.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.61) |
(2.89) |
(0.92) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.31 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(2.48) |
(2.94) |
(3.86) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.11 |
1.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
(2.221) |
(2.906) |
(3.646) |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
(1.721) |
(2.406) |
(3.146) |
|
|
|
|
|
|
Long Term borrowings |
6.650 |
7.071 |
7.813 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
6.650 |
7.071 |
7.813 |
|
Debt/Equity ratio |
(3.864) |
(2.939) |
(2.483) |
%20PRIVATE%20LIMITED%20-%20307403%202%20(SUPPLEMENTARY%20REPORT)%2020-Feb-2015_files/image006.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
23.039 |
9.169 |
9.839 |
|
|
|
(60.202) |
7.307 |
%20PRIVATE%20LIMITED%20-%20307403%202%20(SUPPLEMENTARY%20REPORT)%2020-Feb-2015_files/image008.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
23.039 |
9.169 |
9.839 |
|
Profit |
(0.770) |
(0.685) |
(0.740) |
|
|
(3.34%) |
(7.47%) |
(7.52%) |
%20PRIVATE%20LIMITED%20-%20307403%202%20(SUPPLEMENTARY%20REPORT)%2020-Feb-2015_files/image010.gif)
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
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 |
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the untiring
and unflagging efforts of the Indian diamantaires, supported by progressive
Government policies.
-
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
-
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and philanthropy.
-
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
-
Gem and Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28% in February 2013.
Compared to $ 1.4 bn worth of polished diamond export in February, 2012, India
exported $ 1.84 billion worth of polished diamonds in February 2013. A senior
executive of GJEPC said, “Export of cut and polished diamonds started falling
month-wise after the imposition of 2 % of import duty on the polished diamonds.
But February, 2013 has given a new ray of hope to the industry as the export of
polished diamonds has actually increased by 28%. It means the industry is on the
track of recovery and round tripping of diamonds has stopped completely.”
Demand has started coming from the US, the UK, Japan and China. India’s
polished diamond export is expected to cross $ 21 bn in 2013-14.
-
The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
NOTE:
The registered address of the company has been shifted from 1103, Prasad Chamber, Opera House, Mumbai –
400 021, Maharashtra to the present address w.e.f. 01.12.2013.
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
ECB Loan from LLD Diamonds Limited (Israel) |
7.813 |
7.071 |
|
Total |
7.813 |
7.071 |
INDEX OF CHARGES
No Charges Exist for Company.
FIXED ASSETS
Tangible Assets
·
Air Conditioner
·
Computers
·
Camera
·
Counting Machine
·
Electric Kettle
·
Fire Extinguisher
·
Furniture
·
Lamps
·
Microwave Oven
·
Paper Shredder
·
Refrigerator
·
Safe
·
Security Systems
·
Stoves
·
Telephones
·
UPS Systems
·
Weighing Scale
Intangible Assets
·
Software
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 records 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.62.25 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
-- PROFITABILITY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
13 |
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.