MIRA INFORM REPORT
|
Report No. : |
326712 |
|
Report Date : |
12.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAN
LOGISTICS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
204, 2nd Floor, Dlianthak Plaza, Makwana Road, Marol, Andheri (East), Mumbai – 400 059,
Maharashtra |
|
Tel. No.: |
91-22-61011111 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.09.2011 |
|
|
|
|
Com. Reg. No.: |
11-222470 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.990
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U60231MH2011PTC222470 |
|
|
|
|
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 is engaged in providing freight
forwarding services in the Automobile sector wherein complete logistics and
supply chain management is tailored as per client's
requirement. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporate in September 2011 and it is having moderate track record. As management
failed to file the financials documents for the year ended 31.03.2014 to
statutory authorities. And the documents are not been available from any
sources. Company have
perform above the average and has achieved top line of 16.25% sale turnover.
Rating constrained on moderate balance sheet, debt protection metrics and low
reserves of the company. However, trade relation
are fair. Business is active. Payments are reported to be slow but correct. In view of
absence of latest financials and moderate balance sheet profile, the company
can be considered for the business dealing with usual some caution. Note: Site visit was conducted at the address which you have provided. Our executive has successfully traced the subject. During the visit our executive have observed it was 7 storey building and subject was situated on 2nd floor. Name board of subject was sighted at the premises. Locality seem to be industrial. |
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/ DECLINED
SITE VISIT DONE.
LOCATIONS
|
Registered Office : |
204, 2nd Floor, Dlianthak Plaza, Makwana Road, Marol, Andheri (East), Mumbai – 400 059,
Maharashtra, India |
|
Tel. No.: |
91-22-61011111/ 61011112 |
|
Fax No.: |
91-22-29200316 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Industrial |
|
|
|
|
Branch Office : |
Located at: ·
New Delhi ·
Vadodara ·
Pune ·
Ahmedabad ·
Aurangabad |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr.
Manoj Kumar Sahu |
|
Designation : |
Managing
Director |
|
Address : |
A-6,
Raghunath Vihar, Sector-14, Kharghar, Navi Mumbai – 410 210, Maharashtra,
India |
|
Date of Birth/Age : |
09.06.1969 |
|
Date of Appointment : |
28.09.2011 |
|
DIN No.: |
03405374 |
|
|
|
|
Name : |
Mr.
Kalyan Bhujangrao Nawpute |
|
Designation : |
Director |
|
Address : |
A-2002,
20th Floor, Oberoi Woods Towers, Goregaon (East), Mumbai – 400
063, Maharashtra, India |
|
Date of Birth/Age : |
10.07.1967 |
|
Date of Appointment : |
28.09.2011 |
|
DIN No.: |
03614993 |
|
|
|
|
Name : |
Mr.
Vijay Kumar Mamillapally |
|
Designation : |
Director |
|
Address : |
Block
`D', 104 KSR Green Valley, Madhavadhara, Visakhapatnam – 530 018, Andhra
Pradesh, India |
|
Date of Birth/Age : |
12.08.1969 |
|
Date of Appointment : |
22.12.2011 |
|
DIN No.: |
03506071 |
KEY EXECUTIVES
|
Name : |
Mr. Virendra Ghule |
|
Designation : |
Branch Manager |
|
|
|
|
Name : |
Mr. Dilip Somkumar |
|
Designation : |
Assistant Manager |
|
|
|
|
Name : |
Mr. Arun Kaikini |
|
Designation : |
Vice President – Business Development |
|
|
|
|
Name : |
Mr. Sachin Shirwadkar |
|
Designation : |
General Manager - Sales |
|
|
|
|
Name : |
Mr. Sanjay Akolkar |
|
Designation : |
General Manager |
|
|
|
|
Name : |
Mr.
Ravi Chavan |
|
Designation : |
Branch Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Manoj Kumar Sahu |
499500 |
50.00 |
|
Kalyan
Bhujangrao Nawpute |
499500 |
50.00 |
|
Total |
999000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20326712_MIRA%2012-Jun-2015_files/image014.gif)
AS ON 30.09.2013
|
Eity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing freight
forwarding services in the Automobile sector wherein complete logistics and
supply chain management is tailored as per client's
requirement. |
|
|
|
|
Products/ Services : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Available |
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|
|
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Imports : |
Not Available |
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|
|
|
Terms : |
|
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Selling : |
Not Available |
|
|
|
|
Purchasing : |
Not Available |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers (As on 31.03.2013) : |
·
Banti Trans ·
Dinesh Roadlines ·
Express Carrier of India ·
Fast Transport Services ·
Ganesha Road Lines ·
Jagdish Transline ·
Krishna Carriers ·
S.V. Logistix ·
Om Sai Roadlines ·
Alfons Koester and Company ·
3P Logistics ·
Ahead Logistics Private Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers (As on 31.03.2013) : |
·
CMC Machinery ·
Drill Rigs International Pte. Limited ·
Hydco Engineering ·
Kanish Motors Private Limited ·
Perfect Equipments Private Limited ·
S.A.L. Steel Private Limited ·
Sterling Vehicles and General Sales Private
Limited ·
Viraj Profiles Limited ·
M.B. Enterprises ·
GKN Stromag India Private Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
30 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
·
The Greater Bombay Cooperative Bank Limited
·
IDBI
Bank Limited |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sameer Doshi and Company Chartered Accountants |
|
Address : |
B-602, Panchsheel Gardens, Mahavir Nagar, Kandivali (West), Mumbai –
400 067, Maharashtra, India |
|
Tel. No.: |
91-22-65221917 |
|
Mobile No.: |
91-9820249067 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AECPD2011C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
999000 |
Equity Shares |
Rs.10/- each |
Rs.9.990
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
9.990 |
7.090 |
|
(b) Reserves &
Surplus |
|
4.801 |
0.432 |
|
(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) |
|
14.791 |
7.522 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
7.650 |
2.584 |
|
(b) Deferred tax liabilities
(Net) |
|
0.090 |
0.030 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) Long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
7.740 |
2.614 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.300 |
0.000 |
|
(b) Trade payables |
|
22.353 |
4.596 |
|
(c) Other current
liabilities |
|
6.256 |
1.257 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
|
28.909 |
5.853 |
|
|
|
|
|
|
TOTAL |
|
51.440 |
15.989 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1.047 |
0.549 |
|
(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 |
|
0.095 |
0.277 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2.674 |
0.052 |
|
(e) Other Non-current
assets |
|
0.180 |
0.202 |
|
Total Non-Current Assets |
|
3.996 |
1.080 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
34.165 |
14.215 |
|
(d) Cash and cash
equivalents |
|
9.582 |
0.114 |
|
(e) Short-term loans and
advances |
|
3.697 |
0.580 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
47.444 |
14.909 |
|
|
|
|
|
|
TOTAL |
|
51.440 |
15.989 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
|
156.084 |
9.099 |
|
|
|
Other Income |
|
0.949 |
0.002 |
|
|
|
TOTAL |
|
157.033 |
9.101 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock-in-trade |
|
123.992 |
0.000 |
|
|
|
Employee benefit expense |
|
14.309 |
1.696 |
|
|
|
Other expenses |
|
10.839 |
6.609 |
|
|
|
TOTAL |
|
149.140 |
8.305 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
7.893 |
0.796 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
1.177 |
0.103 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
6.716 |
0.693 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.372 |
0.070 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
6.344 |
0.623 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
1.975 |
0.191 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
4.369 |
0.432 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
|
4.95 |
0.61 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
Cash generated from operations |
|
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
2.80 |
4.75 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
|
5.06 |
8.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
12.36 |
3.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.43 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
0.54 |
0.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.64 |
2.55 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
|
7.090 |
9.990 |
|
Reserves & Surplus |
|
0.432 |
4.801 |
|
Money received against share warrants |
|
0.000 |
0.000 |
|
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Net worth |
|
7.522 |
14.791 |
|
|
|
|
|
|
Long-term borrowings |
|
2.584 |
7.650 |
|
Short term borrowings |
|
0.000 |
0.300 |
|
Total borrowings |
|
2.584 |
7.950 |
|
Debt/Equity ratio |
|
0.344 |
0.537 |
%20PRIVATE%20LIMITED%20-%20326712_MIRA%2012-Jun-2015_files/image016.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
|
9.099 |
156.084 |
|
|
|
|
1615.397 |
%20PRIVATE%20LIMITED%20-%20326712_MIRA%2012-Jun-2015_files/image018.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
|
9.099 |
156.084 |
|
Profit |
|
0.432 |
4.369 |
|
|
|
4.75% |
2.80% |
%20PRIVATE%20LIMITED%20-%20326712_MIRA%2012-Jun-2015_files/image020.gif)
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 |
Yes |
|
5 |
Buyer visit details |
Yes |
|
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
26 |
Turnover of firm for last 1 year and 6
months |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last 1 year and 6 months
|
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
|
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OBSERVATION POINTS:
|
Name of Company : |
MAN
LOGISTICS (INDIA) PRIVATE LIMITED |
|
|
|
|
Address : |
204, 2nd Floor, Dlianthak Plaza, Makwana Road, Marol, Andheri (East), Mumbai – 400 059,
Maharashtra, India |
|
|
|
|
Contact No.: |
91-22-61011112 |
|
|
|
|
E-Mail : |
|
|
|
|
|
Person to whom we met : |
Mr. Swapnil
(Import Department) |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location : |
Easy |
|
|
|
|
Landmark (if any) : |
Mittal Estate Bus
Stop |
|
|
|
|
Total Floors of the building : |
07 |
|
|
|
|
Subject situated on : |
02 Floor |
|
|
|
|
Locality : |
Industrial |
|
|
|
|
Area of Premises : |
1000 sq. ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of Employees seen at premises : |
30 |
|
|
|
|
Proof of Visit : |
Photograph |
NOTE:
The registered office of the company has been
shifted from A-604, Mangalaya Building, Off Marol Maroshi Road, Andheri (East),
Mumbai – 400 059, Maharashtra to the present address w.e.f. 22.11.2013.
UNSECURED LOAN
|
Particulars |
31.03.2013 (Rs. in Million) |
31.03.2012 (Rs. in Million) |
|
LONG TERM BORROWINGS |
|
|
|
Manoj Sahu |
5.554 |
2.584 |
|
Kalyan Nawpute |
2.096 |
|
|
LONG TERM BORROWINGS |
|
|
|
Priya Gupta |
0.300 |
0.000 |
|
Total |
7.950 |
2.584 |
%20PRIVATE%20LIMITED%20-%20326712_MIRA%2012-Jun-2015_files/image009.gif){kind=small}
INDEX
OF CHARGES
No Charges Exist for Company.
FIXED ASSETS:
·
Motor Scooter
·
Furniture and Fixtures
·
Computers
·
Mobile
·
Software
·
Plant and Machinery
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 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.63.89 |
|
UK Pound |
1 |
Rs.98.90 |
|
Euro |
1 |
Rs.72.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.