|
Report Date : |
17.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
JAP STRETCH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
22, Ballygunge Terrace, Kolkata – 700029, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.02.2002 |
|
|
|
|
Com. Reg. No.: |
21-094282 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 8.933 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24139WB2002PTC094282 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALJ02086A CALJ03812E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ1467A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Garment Accessories. |
|
|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 109000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track. Trade relations are reported as
fair. Business is active. Payments are reported to be usually correct and as
per commitments. The company can
be considered normal for business dealings at usual trade terms and
conditions. Profit and loss
of the company for the current year is not available. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Sudip Mukherjee |
|
Designation : |
Director |
|
Contact No.: |
91-9831097383 |
|
Date : |
16.11.2012 |
LOCATIONS
|
Registered/ Head Office : |
22, Ballygunge Terrace, Kolkata – 700029, West Bengal, India |
|
Tel. No.: |
91-33-24611253/ 1357/ 40612209 |
|
Mobile No.: |
91-9831097383 (Mr. Sudip Mukherjee) |
|
Fax No.: |
91-33-24417096/ 24611357 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory: |
Located at Coimbatore |
|
|
|
|
Branch Office : |
Located at: v
v
Tirupur v
|
|
|
|
|
Overseas Office : |
C/o - Wenli Import and Export Company Limited H.O.: Room 602, No.789, |
|
Tel. No.: |
+86-579-85793567 |
|
Fax No.: |
+86-579-85793569 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mrs. Mousumi Mukherjee |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
126, Barada Avenue, Kolkata – 700084, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.11.1961 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.02.2002 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01680936 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sudip Subhas Chandra Mukherjee |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
4/1, Kanungo Park, P.O. Ganguli Bagan, PS-Jadavpur, Kolkata – 700084,
West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.09.1964 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.02.2002 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01682722 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Sudip Mukherjee |
370780 |
42 % |
|
Mousumi Mukherjee |
202000 |
23 % |
|
Susanto Roy |
3000 |
0.34 % |
|
Tej Udyog Private Limited, India |
63750 |
7 % |
|
BRB Fintrade Private Limited, India |
13750 |
2 % |
|
Maa Durga Fabricators, India |
5000 |
1 % |
|
Heridaha S P Agro Products Private Limited,
India |
47500 |
5 % |
|
Samkit Finance Private Limited,
India |
12500 |
1 % |
|
Veshnaway Vyapaar Private Limited,
India |
25000 |
3 % |
|
Prabir Kumar Bagchi |
25000 |
3 % |
|
Rajashree Biswas |
25000 |
3 % |
|
SamarDas |
20000 |
2 % |
|
Nirmal Kumar Das |
20000 |
2 % |
|
Rinku Mukherjee |
20000 |
2 % |
|
Tilak Dasgupta |
20000 |
2 % |
|
Pradip Kumar Paik |
20000 |
2 % |
|
Total |
893280 |
100
% |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
19.00 |
|
Directors or relatives of Directors |
65.00 |
|
Others |
16.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Garment Accessories. |
|
|
|
|
Products : |
·
Automatic
High Speed Needle Looms ·
Automatic High
Speed Jacquard Needle Looms ·
Automatic
High Speed Warping Machine ·
Rat Tail Cord
(Malai Dori) Making Machines ·
FIBC Belt
(Webbing Sling) Making Webbing Looms ·
High Speed
Braiding Machines ·
High Speed
Crochet Knitting Machines ·
Fancy Yarn
Making Crochet Machines ·
High Speed
Nylon Zipper Forming Machine "CFC" ·
High Speed
Nylon Zipper Sewing Machine ·
Plastic
Zipper Injection Molding Machines ·
Metal Zipper
Making Machines ·
All Kinds of
Zipper Assembly Machines e.g. v Auto Nylon Zipper Gapping Machine v Auto Sealing Machine v Punching Machine v Auto Top Stop Machine v Auto Pin and Box Putting Machine v Auto Bottom Stop Machine v Auto Cutting Machine v Auto Slider Mounting Machine v Die Casting Machine v Rolling Machine ·
All Types Of
Garment Sewing Machines ·
Garment
Accessories ·
Plastic Injection
molding machineries for all kinds of plastic, nylon and other products ·
Embroidery
Yarn ·
Sewing Yarn ·
Nylon,
Plastic & Metal Zippers ·
Zipper Spare
Parts |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
120 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
v
United Bank of v ICICI Bank v Dena Bank,
Khardah Branch, 26/15, I.C. Road, Rahara, Kolkata - 700118, West Bengal,
India v Axis Bank v HDFC Bank v Kotak Mahindra
Bank |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
CC – Rs. 20.000 Millions, LC – Rs. 5.000 Million (From United Bank of
India) |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution: |
Cholamondalam DBS Finance Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Bhattacharya Sengupta and Company Chartered Accountants |
|
Address : |
10, Clive Row, Kolkata – 700 001, West |
|
Tel. No.: |
91-33-22421592/ 22317608 |
|
Mobile No.: |
91-9830008778 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFB3400Q |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
893280 |
Equity Shares |
Rs.10/- each |
Rs.8.933 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 |
8.933 |
4.883 |
4.058 |
|
|
2] Share Application Money |
0.000 |
10.300 |
8.300 |
|
|
3] Reserves & Surplus |
18.402 |
8.843 |
3.360 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
27.335 |
24.026 |
15.718 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
20.489 |
16.694 |
14.561 |
|
|
2] Unsecured Loans |
1.707 |
2.751 |
2.885 |
|
|
TOTAL BORROWING |
22.196 |
19.445 |
17.446 |
|
|
DEFERRED TAX LIABILITIES |
0.105 |
0.107 |
0.024 |
|
|
|
|
|
|
|
|
TOTAL |
49.636 |
43.578 |
33.188 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.933 |
5.981 |
3.921 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.150 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
25.594
|
22.518
|
32.293
|
|
|
Sundry Debtors |
20.629
|
37.003
|
12.066
|
|
|
Cash & Bank Balances |
2.354
|
8.673
|
6.020
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
15.705
|
16.097
|
6.288
|
|
Total
Current Assets |
64.282
|
84.291
|
56.667 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
21.606
|
16.231
|
25.265
|
|
|
Other Current Liabilities |
4.350
|
28.644
|
1.115
|
|
|
Provisions |
1.773
|
1.819
|
1.020
|
|
Total
Current Liabilities |
27.729
|
46.694
|
27.400 |
|
|
Net Current Assets |
36.553
|
37.597
|
29.267
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
49.636 |
43.578 |
33.188 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
64.640 |
|
|
|
Spares and Other Sales |
NA |
NA |
11.324 |
|
|
|
Other Income |
NA |
NA |
0.497 |
|
|
|
TOTAL (A) |
NA |
NA |
76.461 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
NA |
NA |
59.220 |
|
|
|
Employment |
NA |
NA |
5.661 |
|
|
|
Direct Expense |
NA |
NA |
12.002 |
|
|
|
Administrative Office and Other Expenses |
NA |
NA |
9.818 |
|
|
|
Increase / Decrease in Stock |
NA |
NA |
(16.278) |
|
|
|
TOTAL (B) |
NA |
NA |
70.423 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
6.038 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
FINANCIAL EXPENSES (D) |
NA |
NA |
1.939 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
4.099 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
0.711 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
NA |
3.388 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
1.345 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
NA |
NA |
2.043 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
1.317 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
3.360 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
NA |
5.03 |
|
|
Particulars |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
230.000 |
220.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs. 250.000 Millions
The above information has been parted by Mr. Sudip Mukherjee (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
2.67 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
5.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
5.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.83
|
2.75
|
2.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.32
|
1.81
|
2.07 |
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
one years |
Yes |
|
13] |
Reasons for variation
<> 20% |
------ |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U24139WB2002PTC094282 |
|
Name of the company |
JAP STRETCH PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
22, Ballygunge Terrace, Kolkata – 700029, West Bengal, India Email: ca.bsandco@gmail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Corporate Guarantee Provided by the Company |
|
Particular of charge holder |
Dena Bank, Khardah Branch, 26/15, I.C. Road, Rahara, Kolkata - 700118,
West Bengal, India |
|
Nature of instrument creating charge |
Letter of Guarantee |
|
Date of instrument Creating the charge |
02.06.2012 |
|
Amount secured by the charge |
Rs. 146.700 |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest N. A. Corporate guarantee has been provided to secure the repayment of all
Liabilities/Advances already made/ to be made by the bank TO YKZ Zip
Fasteners Private Limited) Terms of Repayment N. A. Corporate guarantee has been provided to secure the repayment of all
Liabilities/Advances already made/ to be made by the bank TO YKZ Zip
Fasteners Private Limited) Margin N. A. Corporate guarantee has been provided to secure the repayment of all
Liabilities/Advances already made/ to be made by the bank TO YKZ Zip
Fasteners Private Limited) Extent and Operation of the charge Corporate Guarantee Provided by the Company |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Corporate Guarantee Provided by the Company |
FIXED ASSETS;
v
Furniture and Fixture
v
Office Equipment
v
Computers
v
Cycle
v
Motor Cycle
v
Motor Car
v
Compressor
v
Television
v
Inverter and Generator
v
Air conditioners
v
Telephone and Mobile
v
Plant and Machinery
v
Electrical Installation
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.54.99 |
|
|
1 |
Rs.87.21 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.