MIRA INFORM REPORT
|
Report No. : |
315043 |
|
Report Date : |
30.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
CAPRICORN LOGISTICS PRIVATE LIMITED |
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|
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Registered
Office : |
13 and 13A, Keytuo Industrial Estate, 220, Kondivita Road, Andheri
(East), Mumbai – 400059, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
17.10.2001 |
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Com. Reg. No.: |
11-133716 |
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Capital
Investment / Paid-up Capital : |
Rs.50.000 Millions |
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|
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CIN No.: [Company Identification
No.] |
U63090MH2001PTC133716 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC12537A |
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PAN No.: [Permanent Account No.] |
AABCC6364M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Logistic Services. |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 moderate track. The rating is constrained on account of decreased sales turnover and net
profitability of the company during year under review. However, trade relations are reported to be fair. Business is active
payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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 |
CRISIL |
|
Rating |
Long term rating (Suspended) BB+ |
|
Rating Explanation |
Inadequate-credit-quality and high credit risk. |
|
Date |
September 11, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating (Suspended) A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
September 11, 2014 |
NOTE: Reason for Suspension: absence of requisite information.
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 DENIED BY
|
Name : |
Mr. Divakar Shetty |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-33606000 |
|
Date : |
28.03.2015 |
LOCATIONS
|
Registered Office : |
13 and 13A, Keytuo Industrial Estate, 220, Kondivita Road, Andheri (East),
Mumbai – 400059, Maharashtra, India |
|
Tel. No. : |
91-22-40994099 |
|
Fax No. : |
91-22-28312424 / 40994199 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Sheetal Sadanand Shetty |
|
Designation : |
Managing Director |
|
Address : |
901, One CTS, 9A, 3/2, Village Moti Mahal, Cross Road 4, JVPD, Vile
Parle (West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1969 |
|
Qualification : |
B.E. |
|
Experience : |
15 Years |
|
Date of Appointment : |
17.10.2001 |
|
PAN No.: |
AMCPS3268E |
|
DIN No.: |
01682503 |
|
|
|
|
Name : |
Mr. Sadanand Narayan Shetty |
|
Designation : |
Chairman cum Managing |
|
Address : |
Flat No. 502 Corner Stone Film, City Road, Malad (East), Mumbai –
400062, Maharashtra, India |
|
Date of Birth/Age : |
16.03.1936 |
|
Qualification : |
B.Sc and B.Ed |
|
Experience : |
20 Years |
|
Date of Appointment : |
17.10.2001 |
|
PAN No.: |
ALCPS7758J |
|
DIN No.: |
01752063 |
|
|
|
|
Name : |
Mr. Thomas Alvares |
|
Designation : |
Director |
|
Address : |
Udayan 1B 104, Opposite Ashok Nagar, Off, Military Road, Marol Andheri
(East), Mumbai – 400072, Maharashtra, India |
|
Date of Birth/Age : |
26.02.1971 |
|
Qualification : |
B.Com |
|
Experience : |
14 Years |
|
Date of Appointment : |
17.10.2001 |
|
PAN No.: |
ADBPA2932K |
|
DIN No.: |
01752926 |
KEY EXECUTIVES
|
Name : |
Ms. Sweta Parmanand Todi |
|
Designation : |
Secretary |
|
Address : |
Flat No. 3, Ground Floor, Lajja Co-Operative Housing Society Limited, Vazira Naka, Borivali (West), Mumbai - 400091, Maharashtra, India |
|
Date of Birth/Age : |
29.10.1984 |
|
Date of Appointment : |
18.05.2011 |
|
PAN No.: |
AGIPT0530C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Sheetal Sadanand Shetty |
1625000 |
32.50 |
|
Sheetal Shetty |
1750000 |
35.00 |
|
Thomas Alvares |
1125000 |
22.50 |
|
Kalyan Nawpute |
500000 |
10.00 |
|
|
|
|
|
Total |
5000000 |
100.00 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
90.00 |
|
Other top fifty shareholders |
10.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Logistic Services |
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Products : |
Not Available |
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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 : |
Not Divulged |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
Kotak Mahindra Bank Limited, 36-38a, Nariman Bhavan, 227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
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Facilities : |
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Auditors : |
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|
Name : |
Vora Jayesh Suryakant Chartered Accountants |
|
Address : |
E/1002,
10th Floor, Marathon Cosmos, LBS Marg, Mulund (West), Mumbai – 400080,
Maharashtra, India |
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PAN
No. : |
AAEPV7742C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates : |
v Raj Clearing Agency v Capricorn
Skywards Services Private Limited |
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Subsidiary Company
: |
v Capricorn Express Private Limited v Vriddhi Logitech Private Limited v Capricorn Logistics GMBH v Capricorn Logistics INC v Capricorn Logistics (HK) Private Limited v Capricorn Logistics (Shanghai) Limited v Capricorn Global Logistics PTE Limited v Capricorn Logistics (Kenya) Limited v Capricorn Logistics LLC, Dubai |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
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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 |
50.000 |
50.000 |
50.000 |
|
(b) Reserves & Surplus |
337.247 |
313.938 |
275.651 |
|
(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) |
387.247 |
363.938 |
325.651 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
96.407 |
54.975 |
98.826 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.038 |
0.359 |
|
(c) Other long term
liabilities |
7.721 |
5.845 |
5.525 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
104.128 |
60.858 |
104.710 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
246.085 |
284.879 |
303.762 |
|
(b) Trade payables |
716.851 |
687.861 |
589.365 |
|
(c) Other
current liabilities |
275.912 |
194.668 |
196.547 |
|
(d) Short-term
provisions |
33.336 |
25.942 |
22.436 |
|
Total Current
Liabilities (4) |
1272.184 |
1193.350 |
1112.110 |
|
|
|
|
|
|
TOTAL |
1763.559 |
1618.146 |
1542.471 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
243.822 |
249.365 |
240.466 |
|
(ii)
Intangible Assets |
6.753 |
9.541 |
9.450 |
|
(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 |
88.612 |
82.467 |
64.787 |
|
(c) Deferred tax assets (net) |
0.786 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.179 |
16.470 |
10.949 |
|
(e) Other
Non-current assets |
10.177 |
6.603 |
4.523 |
|
Total Non-Current
Assets |
360.329 |
364.446 |
330.175 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
85.587 |
17.030 |
64.871 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
1073.645 |
976.365 |
977.142 |
|
(d) Cash
and cash equivalents |
16.589 |
23.271 |
10.458 |
|
(e)
Short-term loans and advances |
223.859 |
235.420 |
158.194 |
|
(f) Other
current assets |
3.550 |
1.614 |
1.631 |
|
Total
Current Assets |
1403.230 |
1253.700 |
1212.296 |
|
|
|
|
|
|
TOTAL |
1763.559 |
1618.146 |
1542.471 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
3428.342 |
3619.276 |
3062.516 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
278.304 |
236.579 |
|
|
|
|
Other expenses |
2998.797 |
3228.148 |
|
|
|
|
TOTAL |
3277.101 |
3464.727 |
2928.402 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
151.241 |
154.549 |
134.114 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
87.191 |
68.290 |
71.951 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
64.050 |
86.259 |
62.163 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
28.978 |
32.365 |
27.327 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
35.072 |
53.894 |
34.836 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
11.763 |
15.607 |
14.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
23.309 |
38.287 |
20.573 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
313.937 |
275.650 |
255.077 |
|
|
|
|
|
|||
|
|
BALANCE CARRIED
TO THE B/S |
337.246 |
313.937 |
275.650 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.66 |
7.66 |
4.11 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.09 |
3.51 |
2.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.15 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.88 |
0.93 |
1.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10 |
1.05 |
1.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
275.651 |
313.938 |
337.247 |
|
Net worth |
325.651 |
363.938 |
387.247 |
|
|
|
|
|
|
long-term borrowings |
98.826 |
54.975 |
96.407 |
|
Short term borrowings |
303.762 |
284.879 |
246.085 |
|
Total borrowings |
402.588 |
339.854 |
342.492 |
|
Debt/Equity ratio |
1.236 |
0.934 |
0.884 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
3062.516 |
3619.276 |
3428.342 |
|
|
|
18.180 |
(5.275) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
3062.516 |
3619.276 |
3428.342 |
|
Profit |
20.573 |
38.287 |
23.309 |
|
|
0.67% |
1.06% |
0.68% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Current Maturities of Long Term Debts |
65.252 |
55.508 |
53.216 |
|
|
|
|
|
|
Total |
65.252 |
55.508 |
53.216 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
8.670 |
5.261 |
|
Other loans and advances |
9.681 |
4.000 |
|
|
|
|
|
Total |
18.351 |
9.261 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10530618 |
21/10/2014 |
10,000,000.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE,
LAW GARDEN ELLISBRIDGE, AHMEDABAD, Gujarat - 380006, INDIA |
C33228925 |
|
2 |
10243073 |
19/11/2012 * |
470,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN
POINT, MUMBAI, Maharashtra - 400021, INDIA |
B64966955 |
|
3 |
10250400 |
28/06/2010 |
328,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
A92990407 |
|
4 |
10169617 |
28/08/2012 * |
90,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF
INDIA, DR. ANNIE BESANT ROAD, WORLI,
MUMBAI, Maharashtra - 400018, INDIA |
B59595595 |
|
5 |
90149170 |
24/11/2004 |
1,308,000.00 |
GE CAPITAL TFS LTD. |
4; LINK ROAD, JUNGPURA EXTN., NEW DELHI,
Delhi - |
- |
* Date of charge modification
OPERATIONS AND
BUSINESS PERFORMANCE
The Company has achieved a turnover of Rs. 3428.342 Millions Profit before tax is Rs. 35.072 Millions whereas Profit after tax is Rs. 23.309 Millions The earning per share is Rs. 4.66/- during the year.
AWARDS AND RECOGNITION
The Company is at the leading edge to offer finest and integrated logistics services across the spectrum. By combining local know how and global expertise the company strives to provide time specified services, innovative and customized solutions and maximum satisfaction to its discerning list of clientele.
During the year the Company has bagged award for Outstanding Performance and Support from Etihad Cargo.
BUSINESS EXPANSION AND FUTURE OUTLOOK
The Company focuses to provide premium services to its customers in the near future. It aims at focusing on quality performance and rendering quality services to its clients.
The
Company is pleased to announce its expansion of business in USA by opening a
new office in California. The Company had also formed a wholly owned subsidiary
in Kenya in 2012 and expects to generate new business avenues in the coming
years.
FIXED ASSETS
v Land
v Buildings
v Plant and equipment
v Furniture and fixtures
v Vehicles
v Office equipment
v Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report : No press
reports / filings exists on the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.61 |
|
|
1 |
Rs.92.95 |
|
Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
-- PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
35 |
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.