MIRA INFORM REPORT
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Report No. : |
333075 |
|
Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
LAXMI DENTAL EXPORT PRIVATE LIMITED |
|
|
|
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Registered
Office : |
80A, Kandivali Co-operative Industrial Estate Limited (Government Industrial Estate), Near Hindustan Naka, Charkop, Kandivali (West), Mumbai – 400067, Maharashtra |
|
Tel. No.: |
91-22-28607812 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.07.2004 |
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Com. Reg. No.: |
11-147394 |
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Capital
Investment / Paid-up Capital : |
Rs. 3.000 Million |
|
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|
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CIN No.: [Company Identification
No.] |
U51507MH2004PTC147394 |
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|
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing, Exporting and Importing of Artificial Dentals. |
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No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Rating takes into consideration sound financial risk profit of the
company marked by decent networth base and low gearing in FY 14. However, company has reported decrease in net profile in the year
under consideration. Further, profit margin seems to be fair. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings with 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Hemant Chouhan |
|
Designation : |
Finance and accounts manager |
|
Contact No.: |
91-22-28607812 |
|
Date : |
20.07.2015 |
LOCATIONS
|
Registered Office/ Factory: |
80A, Kandivali Co-operative Industrial Estate Limited (Government Industrial Estate), Near Hindustan Naka, Charkop, Kandivali (West), Mumbai – 400067, Maharashtra, India |
|
Tel. No.: |
91-22-28607812 |
|
Fax No.: |
91-22-28607804 |
|
E-Mail : |
|
|
Area : |
10000 Sq. Ft. |
|
Locality: |
Industrial |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Rajesh Vrajlal Khakhar |
|
Designation : |
Director |
|
Address : |
A/4, Tarapore Garden, Oshiwara, Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
30.04.1969 |
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Date of Appointment : |
08.07.2004 |
|
DIN No.: |
00679893 |
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|
|
|
Name : |
Jigna Rajesh Khakhar |
|
Designation : |
Director |
|
Address : |
A/4, Tarapore Garden, Oshiwara, Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
10.07.1972 |
|
Date of Appointment : |
08.07.2004 |
|
DIN No.: |
00679903 |
|
|
|
|
Name : |
Sameer Kamlesh Merchant |
|
Designation : |
Director |
|
Address : |
12/303, Mhada, Mhp-II, 3rd Floor, Plot No. 50, Near Oshiwara Police Station, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
01.10.1982 |
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Date of Appointment : |
08.07.2004 |
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DIN No.: |
00679898 |
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|
|
|
Name : |
Alka Kamlesh Merchant |
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Designation : |
Director |
|
Address : |
12/303, Mhada, Mhp-II, 3rd Floor, Plot No. 50, Near Oshiwara Police Station, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
10.04.1964 |
|
Date of Appointment : |
08.07.2004 |
|
DIN No.: |
01044469 |
KEY EXECUTIVES
|
Name : |
Mr. Hemant Chouhan |
|
Designation : |
Finance and accounts manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajesh Khakhar S/o Vrajlal Khakhar |
|
90000 |
|
Jigna Khakhar W/o Rajesh Khakhar |
|
90000 |
|
Sameer Merchant S/o Kamlesh Merchant |
|
60000 |
|
Alka Merchant D/o Karnlesh Merchant |
|
60000 |
|
Total |
|
300000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Exporting and Importing of Artificial Dentals. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Artificial Dentals |
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Countries : |
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Imports : |
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Products : |
Raw Dental Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
Abhay Subhash and Associates Chartered Accountants |
|
Address : |
1/22, Matadin Mishra Building, Old Nagardas X Road, Andheri (East), Mumbai
– 400069, Maharashtra, India |
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Tel No.: |
91-22-28375624 |
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Email: |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADCP6751B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital: Rs. 126.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 119.239
Million
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Million |
|
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000
Million |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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|
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I.
EQUITY AND LIABILITIES |
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|
(1)Shareholders' Funds |
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(a) Share Capital |
3.000 |
3.000 |
3.000 |
|
(b) Reserves &
Surplus |
138.108 |
134.958 |
128.899 |
|
(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) |
141.108 |
137.958 |
131.899 |
|
|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
18.691 |
19.156 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
1.641 |
0.818 |
0.307 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
20.332 |
19.974 |
0.307 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
24.656 |
21.247 |
11.515 |
|
(b) Trade payables |
29.039 |
18.345 |
12.786 |
|
(c) Other current
liabilities |
1.423 |
1.626 |
1.274 |
|
(d) Short-term provisions |
0.683 |
0.764 |
0.677 |
|
Total Current Liabilities
(4) |
55.801 |
41.982 |
26.252 |
|
|
|
|
|
|
TOTAL |
217.241 |
199.914 |
158.458 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
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|
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(a) Fixed Assets |
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|
|
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(i) Tangible assets |
88.011 |
82.025 |
41.440 |
|
(ii) Intangible Assets |
0.911 |
0.271 |
0.392 |
|
(iii) Capital
work-in-progress |
14.885 |
0.000 |
10.946 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
5.204 |
5.204 |
4.931 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
48.636 |
47.785 |
47.916 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
157.647 |
135.285 |
105.625 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
19.656 |
28.160 |
30.412 |
|
(c) Trade receivables |
35.103 |
32.351 |
21.745 |
|
(d) Cash and cash
equivalents |
1.554 |
0.518 |
0.525 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
3.281 |
3.600 |
0.151 |
|
Total Current Assets |
59.594 |
64.629 |
52.833 |
|
|
|
|
|
|
TOTAL |
217.241 |
199.914 |
158.458 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
173.309 |
159.911 |
131.898 |
|
|
Other Income |
3.546 |
0.637 |
6.081 |
|
|
TOTAL |
176.855 |
160.548 |
137.979 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
163.886 |
143.309 |
121.207 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
12.969 |
17.239 |
16.772 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
8.408 |
8.454 |
6.528 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
4.561 |
8.785 |
10.244 |
|
|
|
|
|
|
|
Less |
TAX ( |
1.411 |
2.724 |
3.342 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
3.150 |
6.061 |
6.902 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
173.309 |
159.911 |
131.898 |
|
|
TOTAL EARNINGS |
173.309 |
159.911 |
131.898 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
41.170 |
43.302 |
44.095 |
|
|
Capital Goods |
17.109 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
58.279 |
43.302 |
44.095 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
10.50 |
20.20 |
23.01 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
190.000 |
|
|
|
|
|
Expected Sales (2015-2016):Rs. 200.000 Million
The above information has been parted by Mr. Hemant (Finance and
Accounts Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.496 |
0.527 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.82 |
3.79 |
5.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.31 |
4.51 |
7.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.06 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.31 |
0.30 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.54 |
2.01 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
3.000 |
3.000 |
3.000 |
|
Reserves & Surplus |
128.899 |
134.958 |
138.108 |
|
Net worth |
131.899 |
137.958 |
141.108 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
19.156 |
18.691 |
|
Short term borrowings |
11.515 |
21.247 |
24.656 |
|
Total borrowings |
11.515 |
40.930 |
43.843 |
|
Debt/Equity ratio |
0.087 |
0.297 |
0.311 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
131.898 |
159.911 |
173.309 |
|
|
|
21.238 |
8.378 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
131.898 |
159.911 |
173.309 |
|
Profit |
6.902 |
6.061 |
3.150 |
|
|
5.23% |
3.79% |
1.82% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 105/106/107, Shreyas Industrial. Estate, Off. Oshiwara New Link Road, Near Monginis Cake Factory, Andheri West Mumbai – 400058, Maharashtra India to the present address w.e.f. 19.10.2013
OPERATIONS:
During the year, the turnover of the Company is Rs. 131.897 Million as compared to previous year turnover of Rs.159.019 Million. The Company has deducted a depreciation of Rs. 6.528 Million in the current year. The expenses incurred are comparatively low as compared to the previous year. However due to inadequate turnover the profit generated was very low. The Management is putting its best efforts to generate higher revenue in future and the strategic plans have been adopted to keep expenses low and generate more profit in future
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10468303 |
23/12/2013 |
8,500,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL
INFOTECH PARK,, T |
B92765833 |
|
2 |
10363061 |
29/06/2012 |
11,000,000.00 |
ECL FINANCE LIMITED |
EDELWEISS HOUSE, OFF. C.S.T ROAD,
KALINA,, MUMBAI, |
B42652875 |
|
3 |
10363086 |
29/06/2012 |
20,000,000.00 |
ECL FINANCE LIMITED |
EDELWEISS HOUSE, OFF. C.S.T ROAD,
KALINA,, MUMBAI, |
B42664730 |
|
4 |
10335902 |
11/01/2012 * |
10,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B35759042 |
|
5 |
10320059 |
14/11/2011 |
6,547,200.00 |
ICICI BANK LIMITED |
ICICI BANK TOWERS, BANDRA-KURLA, COMPLEX,, MUMBAI, MAHARASHTRA - 400051, INDIA |
B26254672 |
|
6 |
10191753 |
12/06/2013 * |
20,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
B77641074 |
|
7 |
10191752 |
14/12/2010 * |
23,500,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
B01850502 |
|
8 |
10188639 |
30/11/2009 |
6,304,000.00 |
ICICI HOME FINANCE COMPANY LIMITED |
ICICI BANK TOWERS, BANDRA-KURLA, COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
A74556192 |
|
9 |
10181696 |
14/12/2010 * |
22,500,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
B01851310 |
* Date of charge modification
FIXED ASSETS
- Computer
- Machinery
- Office
Equipment
- Air
Conditioner’
- Vehicle
- Furniture and
Fixture
- Properties
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.55 |
|
UK Pound |
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.68.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.