MIRA
INFORM REPORT
|
Report Date : |
19.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
J-MARKS EXIM ( |
|
|
|
|
Registered
Office : |
58 and 59, 1st Floor, Nakshatra Cine Shoppe, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
14.03.2007 |
|
|
|
|
Com. Reg. No.: |
11-168736 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 94.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51311MH2007PTC168736 |
|
|
|
|
IEC No.: |
0307011518 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ12563F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ8102A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of All Types of 100% Cotton Knitted Hosiery
Items. |
|
|
|
|
No. of Employees
: |
Not Available |
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 879000 |
|
|
|
|
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. However it would be advisable to take adequate securities while
dealing with the subject. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BB+ [Suspended] (Long term bank facilities) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
11.10.2012 |
Reason:
The rating have been suspended as the company
has not furnished the information required by CARE for monitoring of the
ratings.
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.
LOCATIONS
|
Registered Office : |
58 and 59, 1st Floor, Nakshatra Cine Shoppe, Ranade Road, Dadar
(West), Mumbai-400028, Maharashtra, India |
|
Tel. No.: |
91-22-66151072 |
|
Fax No.: |
91-22-66635424 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office: |
Earth Castle Mall, Entire 2nd Floor, V.P. Road, Charni Road
(East), Mumbai-400004, Maharashtra, India |
|
Tel. No.: |
91-22-23819212/13/14 |
|
Fax No.: |
91-22-23819210 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Dinesh Gangaprasad Jaiswal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A/203, Mahavir, Darshan, Veer Santaji Marg, Lower Parel (West), Mumbai-400013,
Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.11.1970 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.03.2007 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00509120 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Sunita Dinesh Jaiswal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A/203, Mahavir, Darshan, Veer Santaji Marg, Lower Parel (West),
Mumbai-400013, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.01.1974 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.06.2007 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00564203 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Dinesh Gangaprasad Jaiswal |
|
9333400 |
|
Ritesh Gangaprasad Jaiswal |
|
3300 |
|
Prem Dinanath Agarwal |
|
3300 |
|
Sunita Dinesh Jaiswal |
|
60000 |
|
Total |
|
9400000 |
Allotee as on 15.03.2012
|
Names of Allottee |
|
No. of Shares |
|
Dinesh Gangaprasad Jaiswal |
|
2650000 |
|
Total |
|
2650000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.97 |
|
Other top fifty shareholders |
0.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of All Types of 100% Cotton Knitted Hosiery
Items. |
|
|
|
|
Products : |
·
T-shirts ·
Tops ·
Sports ·
Wear ·
Inner Wear ·
Shirts ·
Trousers ·
Jeans |
|
|
|
|
Brand Names : |
J- MARKS INTERNATIONAL |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution: |
Indiabulls Housing Finance Limited, F-60, Malhotra Building, 2nd
Floor, Connaught Place, New Delhi-110001, India |
|
|
|
|
Auditors : |
|
|
Name : |
Dawda Manesh Lalji Chartered Accountants |
|
Address : |
A 402, Vikas
Apartment, 64, Dadabhoy Chamar Baughwala Road, Near Bharat Petrol Pump,
Parel, Mumbai-400012, India |
|
Tel. No.: |
91-22-66103950 |
|
Mob. No.: |
91-9821510887 |
|
PAN No.: |
AABPD0747L |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9400000 |
Equity Shares |
Rs.10/- each |
Rs.94.000 Millions |
|
|
|
|
|
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital : Rs. 146.500 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 |
94.000 |
44.675 |
40.175 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
125.971 |
64.963 |
31.521 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
219.971 |
109.638 |
71.696 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
344.524 |
170.460 |
104.372 |
|
|
2] Unsecured Loans |
59.584 |
14.130 |
3.045 |
|
|
TOTAL BORROWING |
404.108 |
184.590 |
107.417 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
624.079 |
294.228 |
179.113 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
162.688 |
24.917 |
25.458 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
219.014
|
152.273 |
92.720 |
|
|
Sundry Debtors |
341.180
|
152.942 |
115.164 |
|
|
Cash & Bank Balances |
24.466
|
5.483 |
0.684 |
|
|
Other Current Assets |
4.207
|
2.104 |
0.970 |
|
|
Loans & Advances |
4.366
|
1.757 |
3.110 |
|
Total
Current Assets |
593.233
|
314.559 |
212.648 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
82.296
|
21.602 |
47.879 |
|
|
Other Current Liabilities |
4.039
|
0.316 |
0.000 |
|
|
Provisions |
45.694
|
23.548 |
11.363 |
|
Total
Current Liabilities |
132.029
|
45.466 |
59.242 |
|
|
Net Current Assets |
461.204
|
269.093 |
153.406 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.187 |
0.218 |
0.249 |
|
|
|
|
|
|
|
|
TOTAL |
624.079 |
294.228 |
179.113 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
1100.423 |
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2212.808 |
1100.423 |
672.419 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
1048.114 |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
2120.782 |
1048.114 |
634.395 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION
|
92.026 |
52.309 |
38.024 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.873 |
1.506 |
1.381 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
87.153 |
50.803 |
36.643 |
|
|
|
|
|
|
|
|
|
Less |
TAX
|
26.146 |
17.360 |
10.992 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER
TAX |
61.007 |
33.443 |
25.651 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
64.964 |
31.521 |
5.870 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
125.971 |
64.964 |
31.521 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.49 |
7.49 |
6.38 |
|
%20PRIVATE%20LIMITED%20-%20200478%2019-Nov-2012_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20200478%2019-Nov-2012_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20200478%2019-Nov-2012_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20200478%2019-Nov-2012_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20200478%2019-Nov-2012_files/image005.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20200478%2019-Nov-2012_files/image006.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.76
|
3.04 |
3.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.53
|
14.97 |
15.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Net worth) |
|
0.40
|
0.46 |
0.51 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Net worth) |
|
2.44
|
2.10 |
2.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.49
|
6.92 |
3.59 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
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 |
Yes |
OPERATIONS:
During the year
the company has achieved optimum turnover and profits. The turnover has goes up
from Rs. 1100.423 Millions in the last year to Rs. 2212.808 Millions. The
Profitability has gone up from Rs. 50.803 Millions to Rs 87.153 Millions. The
volume in Fabric Trading product as well as Readymade Garment is increasing day
by day. The Directors are hopeful to maintain the growth and also looking in to
develop other products in fashion designing that help for increase the domestic
market. Also the Directors grab the opportunity in Retail Sector with the help
of opening showroom in Malls and various places in Mumbai.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U51311MH2007PTC168736 |
|
Name of the company |
J - MARKS EXIM (INDIA) PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
58 and 59, 1st Floor, Nakshatra Cine Shoppe, Ranade Road,
Dadar (West), Mumbai-400028, Maharashtra, India Email: djexport_1@rediffmail.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of charge holder |
Punjab National Bank, 205, Dr. Annie Beasant Road, Shiv E Numh, Wori
Naka, Mumbai-400018, Maharashtra, India Email: bo0564@pnb.co.in |
|
Nature of instrument creating charge |
Letter of Hypothecation (for
Car Loan) |
|
Date of instrument Creating the charge |
31.07.2012 |
|
Amount secured by the charge |
Rs. 2.469 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Base Rate + 1.50% p.a. on monthly rests as per L and A Cir No. 28/12
dated 21/04/12 and subject to change from time to time, as per bank's
guidelines. This apart,in default, penal interest @ 2% p.a. Terms of Repayment The Loan will be repaid in 84 equated monthly installments (Rs.
43,578/-). The repayment will start from the following month from the date of
disbursement. Margin Margin - 15% minimum (Rs. 4,36,312/-). Personal Guarantee of the
Directors, Shri Dinesh Jaiswal and Smt. Sunita D Jaiswal of M/s J - Marks
Exim (India) Private Limited. Extent and Operation of the charge Security (hypothecated vehicle) to cover principal amount together
with interest, costs, charges and expenses etc. Security cannot be sold, leased,
hired out, encumbered any way or possession parted with till repayment. Others In case the company commits default in the
repayment of loan/advance or in the payment of interest thereon or any of the
agreed installments of the loan on due date, the bank, CIBIL and/or Reserve
Bank of India will have an unqualified right to disclose or publish the names
of the Company and its directors as defaulter in such manner and through such
medium as the bank/RBI in their absolute discretion may think fit. Personal
Guarantee of the Directors, Shri Dinesh Jaiswal and Smt Sunita D Jaiswal. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Hypothecation of Car Toyota Forturner FB (4 X 4 MT). Apart from its
general lien and set-off right on borrower's banking accounts, Bank has
charge on borrower's movables as would come in its possession either singly or jointly with others, on borrower's behalf,
like monies, bullion, negotiable instruments, documents of title etc. till
repayment of the Car Loan. |
|
Whether any of the property or interest therein under reference is not
registered in the name of the company |
Yes |
|
If yes, in whose name it is registered |
Vehicle to be registered in joint names of Bank and Borrower. |
Fixed Assets:
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Motor Car
CMT REPORT (Corruption, Money Laundering and 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
|
Report Prepared
by : |
MRI |
SCORE and 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 and 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.