MIRA
INFORM REPORT
|
Report Date : |
17.10.2012 |
- Summary Information
|
|
|
Country |
India |
|
Company Name |
IL JIN
ELECTRONICS (INDIA) PRIVATE LIMITED |
Principal Name 1 |
Mr. Hyun Chul Sim |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sang Lyeol Cha |
|
|
|
Registration # |
55-112387 |
|
Street Address |
1/24, Asaf Ali Road, Ground Floor, New Delhi – 110002, India |
||
|
Established Date |
11.09.2001 |
SIC Code |
-- |
|
Telephone# |
91-11-23234552 / 23234307 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-23230819 / 23265278 |
Business Style 2 |
Exporter |
|
Homepage |
Not Available |
Product Name 1 |
Dell Laptops |
|
# of employees |
Not Available |
Product Name 2 |
Computers Hardware |
|
Paid up capital |
Rs.10,274,000/- |
Product Name 3 |
Computer Peripherals |
|
Shareholders |
Directors or relatives of directors-100% |
Banking |
Shinhan Bank |
|
Public Limited Corp. |
NO |
Business Period |
11 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
IL Jin Electronics Limited |
South Korea |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
175,016,000 |
Current Liabilities |
265,642,000 |
|
Inventories |
107,910,000 |
Long-term Liabilities |
89,692,000 |
|
Fixed Assets |
138,031,000 |
Other Liabilities |
17,524,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
372,858,000 |
|
Invest& other Assets |
107,434,000 |
Retained Earnings |
145,259,000 |
|
|
|
Net Worth |
155,533,000 |
|
Total Assets |
528,391,000 |
Total Liab. & Equity |
528,391,000 |
|
Total Assets (Previous Year) |
535,639,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
1,587,495,000 |
Net Profit |
40,181,000 |
|
Sales(Previous yr) |
1,580,176,000 |
Net Profit(Prev.yr) |
30,081,000 |
IDENTIFICATION DETAILS
|
Name : |
IL JIN ELECTRONICS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1/24, Asaf Ali Road, Ground Floor, New Delhi - 110002 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
11.09.2001 |
|
|
|
|
Com. Reg. No.: |
55-112387 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.10.274 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909DL2001PTC112387 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELI03282G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI0344L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Computers Hardware, Computer Peripherals
, Banded Laptops, Dell Laptops, Lenove Laptops, Home Computers, Personal Computers,
Workstations, Internet Servers, Computer Networking, Intel Web designing,
Internet Cables , Monitors Cables, Printer Cables, Modem Cables. etc |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 620000 |
|
|
|
|
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. |
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.
LOCATIONS
|
Registered Office : |
1/24, Asaf Ali Road, Ground Floor, New Delhi - 110002, India |
|
Tel. No.: |
91-11-23234552 / 23234307 |
|
Fax No.: |
91-11-23230819 / 23265278 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
B-48, Hosiery Complex, Phase-II, Noida - 201301, Uttar Pradesh, India. |
|
Tel. No.: |
91-120-4323981 / 2323982 / 2323983 |
|
Fax No.: |
91-120-4323984 |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Hyun Chul Sim |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
1511, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.08.1976 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2005 |
|||||||||||||||||||||||||||
|
DIN No.: |
02007189 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Sang Lyeol Cha |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
6602, ATS III, Sector 50, Noida-201303, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.11.1961 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
15.09.2006 |
|||||||||||||||||||||||||||
|
DIN No.: |
02338813 |
|||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Hyun Chul Sim |
|
1027428 |
|
Su A Lee |
|
10 |
|
|
|
|
|
Total |
|
1027438 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Computers Hardware, Computer Peripherals ,
Banded Laptops, Dell Laptops, Lenove Laptops, Home Computers, Personal
Computers, Workstations, Internet Servers, Computer Networking, Intel Web
designing, Internet Cables , Monitors Cables, Printer Cables, Modem Cables.
etc |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (As on: 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Washing Machine PCB |
Nos |
300000 |
612704 |
|
Air Conditioner PCB |
Nos |
2000000 |
2409424 |
|
Refrigerator PCB |
Nos |
70000 |
NA |
|
Microwave Owen PCB |
Nos |
NA |
274651 |
|
Air Conditioner Ctl Box |
Nos |
750000 |
1606282 |
|
CTV PCB |
Nos |
240000 |
181347 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Citibank N.A, Jeevan Bharti Building, 4th Floor, 124
Connaught Circus, Connaught Place, New Delhi - 110001, India ·
Shinhan Bank, Mercantile House, Upper Ground
Floor, 15, Kasturba Gandhi Marg,, New Delhi - 110001, India ·
Citibank N.A, Jeevan Vihar, 3 Sansad Marg, New
Delhi - 110001, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Intec Securities Limited, 701, Manjusha, 57, Nehru Place, New Delhi –
110019, India |
|
|
|
|
|
|
|
Auditors : |
|
|
Name : |
VA Mehta and Company Chartered Accountants |
|
Address : |
409-409A, International Trade Towers, Nehru Place, New Delhi- 110019, India |
|
PAN No.: |
AAAPM4504D |
|
|
|
|
Associates : |
IL Jin Electronics Limited, South Korea |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Share |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1027438 |
Equity Share |
Rs.10/- each |
Rs.10.274
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 |
10.274 |
10.274 |
10.274 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
145.259 |
105.078 |
74.997 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
155.533 |
115.352 |
85.271 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
87.495 |
26.654 |
9.517 |
|
|
2] Unsecured Loans |
2.197 |
2.880 |
2.880 |
|
|
TOTAL BORROWING |
89.692 |
29.534 |
12.397 |
|
|
DEFERRED TAX LIABILITIES |
10.734 |
8.758 |
6.738 |
|
|
|
|
|
|
|
|
TOTAL |
255.959 |
153.644 |
104.406 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
138.031 |
106.780 |
63.997 |
|
|
Capital work-in-progress |
107.434 |
32.134 |
39.153 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
107.910
|
140.268 |
131.316
|
|
|
Sundry Debtors |
96.318
|
194.303 |
160.933
|
|
|
Cash & Bank Balances |
7.532
|
4.326 |
4.134
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
71.166
|
57.828 |
32.872
|
|
Total
Current Assets |
282.926
|
396.725 |
329.255 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
250.356
|
352.082 |
313.701 |
|
|
Other Current Liabilities |
15.286
|
12.283 |
2.924 |
|
|
Provisions |
6.790
|
17.630 |
11.374 |
|
Total
Current Liabilities |
272.432
|
381.995 |
327.999 |
|
|
Net Current Assets |
10.494
|
14.730 |
1.256 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
255.959 |
153.644 |
104.406 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1587.495 |
1580.176 |
1014.061 |
|
|
|
Other Income |
NA |
NA |
0.939 |
|
|
|
TOTAL |
NA |
NA |
1015.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
1002.401 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
61.215 |
47.400 |
12.599 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
21.034 |
17.319 |
5.270 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
40.181 |
30.081 |
7.329 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
327.042 |
288.165 |
|
|
|
Plant and Machinery |
NA |
6.165 |
2.774 |
|
|
TOTAL IMPORTS |
NA |
333.207 |
290.939 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
39.11 |
29.28 |
7.13 |
|
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%20PRIVATE%20LIMITED%20-%20197099%2017-Oct-2012_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20197099%2017-Oct-2012_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA |
NA |
0.70 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.86 |
3.00 |
1.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.54 |
9.41 |
3.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39 |
0.41 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.33 |
3.57 |
3.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04 |
1.04 |
1.00 |
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 |
Yes |
|
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 |
No |
NOTE
Registered Office
of the company has been shifted from New Delhi-110024, India to the present address w.e.f. 26.04.2007
Contingent
Liabilities not provided for:
Income Tax matters in respect of which appeals are pending - Rs.3.653 Millions (Previous year - Rs.3.653 Millions)
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U31909DL2001PTC112387 |
|
Name of the
company |
IL JIN
ELECTRONICS (INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
1/24, Asaf Ali Road, Ground Floor, New Delhi – 110002, India E-mail: v_a_m@vsnl.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Others
(Stocks) |
|
Particular of
charge holder |
Citibank N.A, Jeevan Bharti Building, 4th Floor, 124 Connaught Circus,
Connaught Place, New Delhi - 110001, India E-mail: roc@sdpa.in |
|
Nature of
instrument creating charge |
Goods Security
Agreement. Memorandum of Entry. |
|
Date of
instrument Creating the charge |
07.09.2011 |
|
Amount secured by
the charge |
Rs.48.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest @ 11.00% per
annum. Terms of Repayment
Repayable on
demand, annually renewable. Margin 25% against the
said stocks. 25% against the
said book debts. Extent and
Operation of the charge First pari-passu
charge by hypothecation of all the borrower's movable assets (including stocks
and book debts) forming part of its current assets both present and future. First pari-passu
charge on the property at Plot No. 27, Udyog Kendra, Ecotech III, Greater
Noida industrial Development Area, Gautam Budh Nagar, Uttar Pradesh In favour of Citibank
N.A Delhi for the repayment of all monies in respect of the credit facility,
including outstanding balance and also all interest, costs, charges and expen |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
all the borrower's movable assets (including stocks and book debts) forming
part of its current assets both present and future. Plot No. 27,
Udyog Kendra, Ecotech III, Greater Noida industrial Development Area, Gautam
Budh Nagar, Uttar Pradesh |
FIXED ASSETS:
·
Leasehold Land
·
Plant and Machinery
·
Air Conditioner
·
Computer
·
Generator
·
Electrical Installation
·
Furniture and Fixture
·
Office Equipment
·
Vehicles
·
Computer Software
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.52.82 |
|
|
1 |
Rs.84.96 |
|
Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
TOTAL |
|
49 |
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.