MIRA
INFORM REPORT
|
Report Date : |
05.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
JAJOO RASHMI REFRACTORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
28, SSI Enclave, Shopping Centre, Ambabari, Jaipur-302023, Rajasthan |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.04.1995 |
|
|
|
|
Com. Reg. No.: |
17-09866 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 5.094 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27108RJ1995PTC009866 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Grinding of Quartz Minerals and Trading of Ferro Alloys |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 98000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However trade relations are reported as
fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
28, SSI Enclave, Shopping Centre, Ambabari, Jaipur-302023, |
|
Tel. No.: |
91-141-2335816/ 2234021/ 2336630/5134441 |
|
Fax No.: |
91-141-2234875 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
F – 409, Vishwakarma Industrial Area, Road No.14, Jaipur -302013,
Rajasthan, India |
|
Tel. No.: |
91-141-2330295/ 2330954/ 2333011 |
|
|
|
|
Corresponding Postal Address : |
D – 42, Ambabari, Jaipur – 302023, |
DIRECTORS
AS ON 20.09.2011
|
Name : |
Mr. Sudhir Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
15.03.1963 |
|
Date of Appointment : |
12.01.1999 |
|
DIN No.: |
00280451 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U27108RJ1995PTC009866 |
JAJOO
RASHMI REFRACTORIES PRIVATE LIMITED |
Director |
12-01-99 |
12-01-99 |
- |
Active |
NO |
|
2 |
U45201WB2004PTC154010 |
JAJOO
SHIVANSHU CHEMICAL PRIVATE LIMITED |
Director |
27-08-04 |
27-08-04 |
02-05-09 |
Active |
NO |
|
3 |
U45201RJ2004PTC019720 |
REAL
SQUARE BUILDERS AND COLONIZERS PRIVATE LIMITED |
Director |
21-09-04 |
21-09-04 |
- |
Active |
NO |
|
4 |
U17124RJ2005PTC021041 |
SHUBH
GARMENTS PRIVATE LIMITED |
Director |
22-07-05 |
22-07-05 |
10-09-09 |
Active |
NO |
|
5 |
U00357RJ2006PTC022397 |
PRERNA
ENGICHEM PRIVATE LIMITED |
Director |
12-04-06 |
12-04-06 |
12-01-07 |
Active |
NO |
|
6 |
U92111RJ2006PTC022468 |
REAL
SQUARE PRODUCTION PRIVATE LIMITED |
Director |
04-05-06 |
04-05-06 |
13-11-09 |
Active |
NO |
|
7 |
U45201RJ2005PTC020356 |
JAJOO
EXIM PRIVATE LIMITED |
Director |
02-02-08 |
02-02-08 |
- |
Active |
NO |
|
8 |
U45201RJ2005PTC021375 |
PRERNA
TOWNSHIP PRIVATE LIMITED |
Director |
27-08-08 |
27-08-08 |
19-08-09 |
Active |
NO |
|
9 |
U51909WB1996PTC077768 |
HIMALAYA
COMMODEAL PRIVATE LIMITED |
Director |
16-04-09 |
16-04-09 |
- |
Active |
NO |
|
Name : |
Mr. Ram Swaroop Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
07.11.1938 |
|
Date of Appointment : |
18.04.1995 |
|
DIN No.: |
00280425 |
|
|
|
|
Name : |
Mr. Suraj Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
27.04.1988 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
00280395 |
|
|
|
|
Name : |
Mr. Sushil Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
03.11.1966 |
|
Date of Appointment : |
01.05.2009 |
|
DIN No.: |
00307908 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U27108RJ1995PTC009866 |
JAJOO
RASHMI REFRACTORIES PRIVATE LIMITED |
Director |
18-08-09 |
01-05-09 |
Active |
NO |
|
2 |
U45201WB2004PTC154010 |
JAJOO
SHIVANSHU CHEMICAL PRIVATE LIMITED |
Director |
30-09-09 |
02-05-09 |
Active |
NO |
|
3 |
U45201RJ2005PTC020356 |
JAJOO
EXIM PRIVATE LIMITED |
Director |
18-08-09 |
04-05-09 |
Active |
NO |
|
4 |
U27109CT2003PTC016100 |
V.A.
POWER AND STEELS PRIVATE LIMITED |
Additional
director |
27-03-10 |
27-03-10 |
Active |
NO |
|
Name : |
Ms. Nidhi Jaju |
|
Designation : |
Additional Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
01.03.1990 |
|
Date of Appointment : |
18.08.2009 |
|
DIN No.: |
02430789 |
|
|
|
|
Name : |
Ms. Rashmi Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
11.01.1989 |
|
Date of Appointment : |
21.09.2008 |
|
DIN No.: |
02852605 |
|
|
|
|
Name : |
Ms. Swati Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
01.04.1972 |
|
Date of Appointment : |
21.09.2009 |
|
DIN No.: |
01299443 |
|
|
|
|
Name : |
Mr. Saurabh Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Chaitanya Mahaprabhu Marg Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
03.12.1991 |
|
Date of Appointment : |
20.11.2010 |
|
DIN No.: |
03322241 |
|
|
|
|
Name : |
Mr. Sunil Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
21.10.1964 |
|
Date of Appointment : |
20.11.2010 |
|
DIN No.: |
00307952 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U27101JK1995PTC001486 |
SHREE
GURU KRIPA ALLOYS PRIVATE LIMITED |
Director |
06-11-95 |
06-11-95 |
- |
Active |
NO |
|
2 |
U27104UR2003PTC028159 |
SURYA
SMELTERS PRIVATE LIMITED |
Director |
23-12-03 |
23-12-03 |
15-02-08 |
Active |
NO |
|
3 |
U45201WB2004PTC154010 |
JAJOO
SHIVANSHU CHEMICAL PRIVATE LIMITED |
Director |
27-08-04 |
27-08-04 |
- |
Active |
NO |
|
4 |
U29214HP1987PLC007699 |
INDIAN
TECHNOMAC COMPANY LIMITED |
Director |
07-06-08 |
07-06-08 |
27-03-09 |
Active |
NO |
|
5 |
U45201RJ2005PTC021375 |
PRERNA
TOWNSHIP PRIVATE LIMITED |
Director |
27-08-08 |
27-08-08 |
19-08-09 |
Active |
NO |
|
6 |
U51909WB1996PTC077768 |
HIMALAYA
COMMODEAL PRIVATE LIMITED |
Director |
16-04-09 |
16-04-09 |
- |
Active |
NO |
|
7 |
U27100WB2009PTC139596 |
GEE
BEE FERRO AND POWER PRIVATE LIMITED |
Director |
19-11-09 |
19-11-09 |
- |
Active |
NO |
|
8 |
U27108RJ1995PTC009866 |
JAJOO
RASHMI REFRACTORIES PRIVATE LIMITED |
Director |
20-11-10 |
20-11-10 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.09.2011
|
Names of Shareholders |
No. of Shares |
|
Ram Swaroop Jaju |
9110 |
|
Sunil Jjau |
8410 |
|
Radha Jaju |
9810 |
|
Swati Jaju |
107670 |
|
Sushil Jaju |
8000 |
|
Banwari Lal Goyal |
10000 |
|
Rohit Gupta |
1290 |
|
Sudhir Jaju |
50 |
|
Anil Agarwal |
9000 |
|
Anil Agarwal HUF |
11000 |
|
Anil Panchsia Vasupujya |
2000 |
|
Mahesh Pachisia |
1000 |
|
Munna Pachisia |
1000 |
|
Seema Agarwal |
8000 |
|
Vikas Panchisia |
1000 |
|
Nidhi Jaju |
75000 |
|
Suraj Jaju |
80000 |
|
Rashmi Jaju |
90000 |
|
Aashi Agarwal |
5000 |
|
Kamna Commercial Private Limited, India |
5000 |
|
Nitin Kumar Karwa |
2600 |
|
Himalaya Commodeal Private Limited, India |
64500 |
|
Sundram Consultants Private Limited, India |
10000 |
|
Sesun Marketing Private Limited, India |
6000 |
|
TOTAL |
525440 |
AS ON 20.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
16.27 |
|
Directors or relatives of Directors |
83.73 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Grinding of Quartz Minerals and Trading of Ferro Alloys |
GENERAL INFORMATION
|
Bankers : |
·
State Bank of Bikaner and Jaipur, Industrial
Finance Branch, 2nd Floor, Tambi Tower, S C Road, Jaipur-302005,
Rajasthan, India ·
Punjab National Bank, International Banking
Branch, Sarojani Marg, C – Scheme, Jaipur – 302001, |
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nirmal and Lalit Associates Chartered Accountant |
|
Address : |
S – 10, Divya Mall, Lal Kothi, Tonk Road, Jaipur – 302015, Rajasthan,
India |
|
PAN No.: |
AASSN0704P |
|
|
|
|
Group Companies : |
· Jajoo Chemical Industries · Jajoo Rashmi Refractoriness Private Limited · Jajoo Impex · Jajoo Exports · Shri Guru Kripa Alloyss Private Limited · Jajoo Exim Private Limited · Jajoo Shivanshu Chemical (Private) Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
509440 |
Equity Shares |
Rs.10/- each |
Rs. 5.094
Millions |
|
|
|
|
|
AS ON 20.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
525440 |
Equity Shares |
Rs.10/- each |
Rs. 5.254
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.094 |
5.094 |
4.323 |
|
|
2] Share Application Money |
4.600 |
1.500 |
3.500 |
|
|
3] Reserves & Surplus |
14.995 |
13.245 |
4.124 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
24.689 |
19.839 |
11.947 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
64.027 |
54.275 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
1.000 |
1.269 |
|
|
TOTAL BORROWING |
64.027 |
55.275 |
1.269 |
|
|
DEFERRED TAX LIABILITIES |
0.096 |
0.080 |
0.090 |
|
|
|
|
|
|
|
|
TOTAL |
88.812 |
75.194 |
13.306 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.620 |
1.134 |
1.193 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
8.470 |
0.822 |
0.287 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6.591
|
5.210
|
2.048 |
|
|
Sundry Debtors |
28.259
|
64.241
|
6.343 |
|
|
Cash & Bank Balances |
5.663
|
5.321
|
3.841 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
42.580
|
7.516
|
2.438 |
|
Total
Current Assets |
83.093
|
82.288 |
14.670 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.448
|
7.733
|
2.668 |
|
|
Other Current Liabilities |
0.098
|
0.273
|
0.127 |
|
|
Provisions |
1.825
|
1.044
|
0.049 |
|
Total
Current Liabilities |
4.371
|
9.050 |
2.844 |
|
|
Net Current Assets |
78.722
|
73.238
|
11.826 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
88.812 |
75.194 |
13.306 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
239.670 |
242.026 |
21.928 |
|
|
|
Other Income |
3.696 |
3.467 |
0.767 |
|
|
|
TOTAL |
243.366 |
245.493 |
22.695 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
12.589 |
15.589 |
5.214 |
|
|
|
Administrative Expenses |
11.299 |
6.580 |
1.438 |
|
|
|
Selling Expenses |
3.124 |
6.426 |
0.529 |
|
|
|
Other Expenses |
0.000 |
0.000 |
15.217 |
|
|
|
Purchase |
215.085 |
216.786 |
0.000 |
|
|
|
(Increase) / Decrease in Stock |
(1.382) |
(3.162) |
0.000 |
|
|
|
TOTAL |
240.715 |
242.219 |
22.398 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.651 |
3.274 |
0.297 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.104 |
0.104 |
0.107 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.547 |
3.170 |
0.190 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.797 |
0.988 |
0.061 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.750 |
2.182 |
0.129 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.673 |
0.491 |
0.362 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
4.423 |
2.673 |
0.491 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.44 |
4.28 |
0.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.72
|
0.89 |
0.57 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.06
|
1.31 |
0.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.01
|
3.80 |
1.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.16 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.77
|
3.25 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
19.01
|
9.09 |
5.16 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
During the year the company has shown a profit of Rs. 1.750 Millions (Previous
year Rs. 2.182 Millions) After tax. The director expects improved performance
during the coming year.
FORM 8
|
This form is for |
Creation of charge |
|
Corporate
identity number of the company |
U27108RJ1995PTC009866 |
|
Name of the
company |
JAJOO RASHMI
REFRACTORIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
28, SSI Enclave, Shopping Centre, Ambabari, Jaipur-302023, |
|
Type of charge |
Immovable Property Others |
|
Particular of
charge holder |
Punjab National Bank, International Banking Branch, Sarojani Marg, C –
Scheme, Jaipur – 302001, |
|
Nature of
description of the instrument creating or modifying the charge |
1. Agreement of
Guarantee 2. Board
Resolution 3. Memorandum of
Entry |
|
Date of
instrument Creating the charge |
16.11.2010 |
|
Amount secured by
the charge |
Rs.91.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest This company
gives its CG AND EM for the principal borrower, M/s Jajoo Exports, Hence the
interest rate which is applicable to the principal borrower is also app. to
this company. Terms of
Repayment This company
gives its Corporate Guarantee and Equitable Mortgage for the principal
borrower, M/s Jajoo Exports, Hence, the repayment which is applicable to the
principal borrower is also applicable to this company. Margin This company
gives its Corporate Guarantee and Equitable Mortgage for the principal
borrower, M/s Jajoo Exports, Hence, the margin which is applicable to the
principal borrower is also applicable to this company. Extent and Operation
of the charge This charge is
for Corporate Guarantee and Equitable Mortgage of immovable property to the
extent of Rs.91.000 millions to secure the Various Credit Facilities Granted
to M/s Jajoo Exports. |
|
Short particulars
of the property charged |
|
FIXED ASSETS:
·
Computer
·
Electric Motor
·
·
Furniture and Fixture
·
Invertors
·
Laboratory
·
Machinery
·
Scooter
·
Pollution 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 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. 51.35 |
|
|
1 |
Rs. 80.50 |
|
Euro |
1 |
Rs. 69.13 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
TOTAL |
|
28 |
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.