MIRA INFORM REPORT
|
Report No. : |
312401 |
|
Report Date : |
06.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
D.V. ENTERPRISES |
|
|
|
|
Registered
Office : |
#12-A, First Floor, Aggarwal Market, Near Gandhi Marker, Bhatinda – 151001, Punjab |
|
Tel. No.: |
91-164-2252217 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 [Provisional] |
|
|
|
|
Date of
Incorporation : |
02.11.1996 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.658 Million [Provisional] |
|
|
|
|
TIN No. / VAT
No.: |
03201004087 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
ACUPG3208Q |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Dealer and Trader of Allophathic
Medicines (Wholesale and Retail). |
|
|
|
|
No. of Employees
: |
9 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern having satisfactory track. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The concern can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Davinder Vijay Garg |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9855026816 |
|
Date : |
04.05.2015 |
LOCATIONS
|
Registered Office / Factory: |
#12-A, First Floor, Aggarwal Market, Near Gandhi Marker, Bhatinda – 151001, Punjab, India |
|
Tel. No.: |
91-164-2252217 |
|
Mobile No.: |
91-9855026816 (Mr. Davinder Vijay Garg) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location: |
Owned |
DIRECTORS
|
Name : |
Mr. Davinder Vijay Garg |
|
Designation : |
Proprietor |
|
Address : |
Bhatinda, Punjab, India |
|
Date of Birth/Age : |
10.10.1973 |
|
Qualification : |
Pharmacist / B.A |
|
Experience : |
19 Years |
|
PAN No.: |
ACUPG3208Q |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Trader of Allophathic
Medicines (Wholesale and Retail). |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Roche Products (India) Private Limited |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
9 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
J.R. Garg and Associates Chartered Accountants |
|
Address : |
# 5242, Street No.1, Malviya Nagar, Bhatinda - 151001, Punjab, India |
|
Tel. No.: |
91-164-5012581 / 2237581 |
|
Mobile No.: |
91-9779012218 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concern [Confirmed by Mr. Mr. Davinder
Vijay Garg]: |
Life Care Pharma
Address: First Floor, 7-E,
Tagore Nagar, Opposite Dr. J.I. Bassi Hospital, Ludhiana, Punjab, India Line of
business: Dealer and Trader of Allophathic
Medicines (Wholesale and Retail) TIN No.: 03712156894 |
CAPITAL STRUCTURE
AS ON 31.03.2015
|
Capital Investment : |
|
|
Owned : |
Rs.3.658 Million [Provisional] |
|
Borrowed : |
-- |
|
Total : |
Rs.3.658 Million
[Provisional] |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
PROPRIETORS FUNDS |
|
|
|
|
1] Proprietor Capital |
3.658 |
2.718 |
2.492 |
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
3] Profit and Loss Account |
0.000 |
0.000 |
0.000 |
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
NETWORTH |
3.658 |
2.718 |
2.492 |
|
|
|
|
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
0.000 |
1.027 |
3.672 |
|
2] Unsecured Loans |
4.806 |
2.108 |
1.605 |
|
TOTAL
BORROWING |
4.806 |
3.135 |
5.277 |
|
|
|
|
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
8.464 |
5.853 |
7.769 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.734 |
0.847 |
0.877 |
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
INVESTMENT |
7.345 |
3.189 |
3.128 |
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
6.209 |
2.745 |
3.292 |
|
Sundry Debtors |
0.544 |
0.844 |
0.481 |
|
Cash & Bank Balances |
1.232 |
0.970 |
1.918 |
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
Loans & Advances and Deposits |
0.025 |
0.073 |
0.077 |
|
Total
Current Assets |
8.010 |
4.632 |
5.768 |
|
|
|
|
|
|
Less : CURRENT LIABILITIES &
PROVISIONS |
|
|
|
|
Sundry Creditors |
3.799 |
|
2.004 |
|
Other Current Liabilities |
4.826 |
|
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities |
8.625 |
2.815 |
2.004 |
|
|
|
|
|
|
Net Current Assets |
(0.615) |
1.817 |
3.764 |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
8.464 |
5.853 |
7.769 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
40.241 |
41.859 |
28.767 |
|
|
|
Other Income |
0.011 |
0.340 |
0.444 |
|
|
|
TOTAL |
40.252 |
42.199 |
29.211 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
36.542 |
39.396 |
26.826 |
|
|
|
Freight |
0.017 |
0.015 |
0.013 |
|
|
|
Miscellaneous Expenses |
0.003 |
0.026 |
0.001 |
|
|
|
Travelling |
0.000 |
0.050 |
0.032 |
|
|
|
Tea and Cold Drink Expenses |
0.035 |
0.040 |
0.030 |
|
|
|
Vehicle Expenses |
0.062 |
0.053 |
0.006 |
|
|
|
Vehicle Maintenance |
0.006 |
0.007 |
0.058 |
|
|
|
Bank Charges |
0.027 |
0.130 |
0.017 |
|
|
|
Postage Expenses |
0.009 |
0.021 |
0.023 |
|
|
|
Discount |
0.116 |
0.056 |
0.036 |
|
|
|
House Hold Expenses |
0.380 |
0.000 |
0.000 |
|
|
|
Donation |
0.046 |
0.000 |
0.000 |
|
|
|
Printing and Stationery |
0.000 |
0.003 |
0.010 |
|
|
|
Salary and Wages |
0.731 |
0.702 |
0.591 |
|
|
|
TA / DA |
0.047 |
0.000 |
0.000 |
|
|
|
Audit Fee |
0.000 |
0.005 |
0.003 |
|
|
|
Electricity Expenses |
0.059 |
0.048 |
0.034 |
|
|
|
Insurance |
0.023 |
0.019 |
0.038 |
|
|
|
Telephone and Mobile Expenses |
0.024 |
0.014 |
0.015 |
|
|
|
VAT Tax |
0.000 |
0.002 |
0.000 |
|
|
|
TOTAL |
38.127 |
40.587 |
27.733 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2.125 |
1.612 |
1.478 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES
/ INTEREST |
0.878 |
0.628 |
0.495 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.247 |
0.984 |
0.983 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
0.193 |
0.175 |
0.179 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT /
(LOSS) |
1.054 |
0.809 |
0.804 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.62 |
1.93 |
2.79 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.28 |
3.85 |
5.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.82 |
14.77 |
12.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.30 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.31 |
1.15 |
2.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.93 |
1.65 |
2.88 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Proprietor
Capital |
2.492 |
2.718 |
3.658 |
|
Profit
and Loss Account |
0.000 |
0.000 |
0.000 |
|
Share Application money |
0.000 |
0.000 |
0.000 |
|
Net worth |
2.492 |
2.718 |
3.658 |
|
|
|
|
|
|
Secured
Loans |
3.672 |
1.027 |
0.000 |
|
Unsecured
Loans |
1.605 |
2.108 |
4.806 |
|
Total borrowings |
5.277 |
3.135 |
4.806 |
|
Debt/Equity ratio |
2.118 |
1.153 |
1.314 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
28.767 |
41.859 |
40.241 |
|
|
|
45.510 |
(3.865) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
28.767 |
41.859 |
40.241 |
|
Profit |
0.804 |
0.809 |
1.054 |
|
|
2.79% |
1.93% |
2.62% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
No |
|
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 |
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 |
No |
----------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE
- R. S. Medical Agencies
- Aditya Medical Hall
----------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
RS. IN MILLION
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
PROPRIETORS FUNDS |
|
|
|
|
1] Capital Account |
|
3.934 |
3.797 |
|
2] Share Application Money |
|
0.000 |
0.000 |
|
3] Profit and Loss Account |
|
0.000 |
0.000 |
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
NETWORTH |
|
3.934 |
3.797 |
|
|
|
|
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
2] Unsecured Loans |
|
6.646 |
5.696 |
|
TOTAL BORROWING |
|
6.646 |
5.696 |
|
|
|
|
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
|
10.580 |
9.493 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.404 |
1.560 |
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
INVESTMENT |
|
7.400 |
7.400 |
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
|
7.350 |
6.730 |
|
Sundry Debtors |
|
0.965 |
0.785 |
|
Cash & Bank Balances |
|
1.468 |
1.284 |
|
Other Current Assets |
|
0.000 |
0.000 |
|
Loans & Advances and Deposits |
|
0.025 |
0.025 |
|
Total Current Assets |
|
9.808 |
8.824 |
|
|
|
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
Sundry Creditors |
|
3.180 |
3.450 |
|
Other Current Liabilities |
|
4.852 |
4.841 |
|
Provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities |
|
8.032 |
8.291 |
|
|
|
|
|
|
Net Current Assets |
|
1.776 |
0.533 |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
|
10.580 |
9.493 |
----------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFIT AND LOSS ACCOUNT
RS. IN MILLION
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
46.268 |
44.065 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
46.268 |
44.065 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
|
42.015 |
40.181 |
|
|
|
Bank Charges |
|
0.031 |
0.030 |
|
|
|
Discount |
|
0.127 |
0.123 |
|
|
|
Donation |
|
0.049 |
0.048 |
|
|
|
Electricity Expenses |
|
0.068 |
0.063 |
|
|
|
Freight |
|
0.024 |
0.019 |
|
|
|
House Hold Expenses |
|
0.425 |
0.412 |
|
|
|
Insurance |
|
0.025 |
0.023 |
|
|
|
Miscellaneous Expenses |
|
0.004 |
0.003 |
|
|
|
Postage Expenses |
|
0.012 |
0.012 |
|
|
|
Salary and Wages |
|
0.831 |
0.760 |
|
|
|
TA / DA |
|
0.052 |
0.050 |
|
|
|
Tea and Cold Drink Expenses |
|
0.039 |
0.037 |
|
|
|
Telephone and Mobile Expenses |
|
0.031 |
0.028 |
|
|
|
Vehicle Expenses |
|
0.069 |
0.066 |
|
|
|
Vehicle Maintenance |
|
0.067 |
0.007 |
|
|
|
TOTAL |
|
43.869 |
41.862 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
2.399 |
2.203 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES / INTEREST |
|
0.950 |
0.891 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1.449 |
1.312 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.156 |
0.173 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT /
(LOSS) |
|
1.293 |
1.139 |
|
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.63.52 |
|
|
1 |
Rs.95.96 |
|
Euro |
1 |
Rs.70.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
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 |
|
48 |
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.