MIRA INFORM REPORT
|
Report Date : |
15.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
JALAN WIRES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
320, Dheeraj Heritage, S. V. Road, Off Nilan Subway, Santacruz, Mumbai
– 400054, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
23.08.1989 |
|
|
|
|
Com. Reg. No.: |
11-53173 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.10.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U31300MH1989PTC053173 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMJ05450E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Aluminum and CCA Enamel
Winding Wires. |
|
|
|
|
No. of Employees
: |
60 (Approximately) (In Office + In Factory) |
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 420000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade
relations are reported as fair. Business is active. Payment terms are usually
correct. The company 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 – 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. Vinod Ratanlal Jalan |
|
Designation : |
Director |
|
Contact No.: |
91-9820428604 |
|
Date : |
03.04.2013 |
LOCATIONS
|
Registered Office / Corporate Office / Factory : |
320, Dheeraj Heritage, S.V. road, Near bus depot, Santacruz(w), Mumbai
– 400054, Maharashtra, India |
|
Tel. No.: |
91-22-26609071/ 72/ 73 |
|
Mobile No.: |
91-9820428604 (Mr. Vinod
Ratanlal Jalan) |
|
Fax No.: |
91-22-26606824 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 Sq. Ft.
|
|
Location : |
Owned |
Note : The corporate office address of the company has
been shifted to the registered office address.
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ratanlal Chandiprasad Jalan |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
302, Holm Croft- 25, S. V. Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
06.10.1944 |
|
Date of Appointment : |
23.08.1989 |
|
PAN No.: |
AAAPJ5041Q |
|
DIN No.: |
01589583 |
|
|
|
|
Name : |
Mr. Vimal Ratanlal Jalan |
|
Designation : |
Director |
|
Address : |
302, Holm Croft- 25, S. V. Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
11.06.1980 |
|
Date of Appointment : |
23.08.1989 |
|
PAN No.: |
AACPJ1652R |
|
DIN No.: |
01624880 |
|
|
|
|
Name : |
Mr. Vinod Ratanlal Jalan |
|
Designation : |
Director |
|
Address : |
302, Holm Croft- 25, S. V. Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
18.04.1971 |
|
Date of Appointment : |
20.09.1997 |
|
PAN No.: |
AACPJ1653Q |
|
DIN No.: |
01624851 |
|
|
|
|
Name : |
Mrs. Sumita Ratanlal Jalan |
|
Designation : |
Director |
|
Address : |
302, Holm Croft- 25, S. V. Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
28.03.1951 |
|
Date of Appointment : |
12.04.2006 |
|
DIN No.: |
01590196 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ratanlal Jalan |
|
296000 |
|
Vimal Jalan |
|
345790 |
|
Vinod Jalan |
|
167300 |
|
Sumitra Jalan |
|
187700 |
|
Bela Jalan |
|
2800 |
|
Gomatidevi Jalan |
|
200 |
|
Ajay Kagalwala |
|
10 |
|
Bhavesh M. Shah |
|
10 |
|
Chetan Keshavji Gala HUF |
|
10 |
|
Drishti A. Kagalwala |
|
10 |
|
Draupadi G. Agrawal |
|
10 |
|
Dhiren Chandrakant Vaishnav |
|
10 |
|
Dilsukh Chaganlal Jain |
|
10 |
|
Dilsukh Chaganlal Jain HUF |
|
10 |
|
Gala Nehal Hitesh |
|
10 |
|
Kashiprasad K. Jhunjhunwala |
|
10 |
|
KRR Investment Consultancy Services Private
Limited, India |
|
10 |
|
Mayur Shah |
|
10 |
|
Mahesh Jhunjhunwala |
|
10 |
|
Nishit A. Kagalwala |
|
10 |
|
Jetahalal S. Raste |
|
10 |
|
Sohartsingh Sisodiya |
|
10 |
|
Sohansingh Sisodiya HUF |
|
10 |
|
Sonal A Kagalwala |
|
10 |
|
Smita Jhunjhunwala |
|
10 |
|
Satalite Enterprises |
|
10 |
|
G. Das Money Private Limited, India |
|
10 |
|
Total |
|
1000000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
|
Percentage |
|
Directors of relatives of directors |
|
99.98 |
|
Bodies corporate |
|
0.02 |
|
Total |
|
100.000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Aluminum and CCA Enamel
Winding Wires. |
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|
Products : |
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Exports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Copper Enamelled Wire |
M.T. |
Not Applicable |
Not Available |
1806.112 |
|
Copper Bare Wire |
M.T. |
Not Applicable |
Not Available |
36.885 |
|
Aluminium Enamelled Wire |
M.T. |
Not Applicable |
Not Available |
710.140 |
|
Aluminium Bare Wire |
M.T. |
Not Applicable |
Not Available |
61.423 |
|
Waste and Scrape of Copper |
M.T. |
Not Applicable |
Not Available |
66.809 |
|
Waste and Scrape of Aluminium |
M.T. |
Not Applicable |
Not Available |
70.432 |
GENERAL INFORMATION
|
Customers : |
Manufacturer |
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No. of Employees
: |
60 (Approximately) (In Office + In Factory) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
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|
|
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Banking
Relations : |
-- |
|
|
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|
Auditors : |
|
|
Name : |
Dinesh Tibrewala and Associates Chartered Accountants |
|
Address : |
A/R – 2, Star Manor, |
|
PAN No.: |
AABPT0801F |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.000 |
10.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
93.780 |
73.534 |
50.336 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
103.780 |
83.534 |
60.336 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
185.203 |
194.544 |
163.511 |
|
|
2] Unsecured Loans |
172.828 |
102.119 |
65.172 |
|
|
TOTAL BORROWING |
358.031 |
296.663 |
228.683 |
|
|
DEFERRED TAX LIABILITIES |
14.804 |
12.035 |
9.359 |
|
|
|
|
|
|
|
|
TOTAL |
476.615 |
392.232 |
298.378 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
128.200 |
106.294 |
89.927 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.477 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
102.328
|
64.439 |
48.565 |
|
|
Sundry Debtors |
366.850
|
301.334 |
197.847 |
|
|
Cash & Bank Balances |
22.086
|
19.547 |
1.680 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.002 |
|
|
Loans & Advances |
25.823
|
15.896 |
14.772 |
|
Total
Current Assets |
517.087
|
401.216 |
262.866 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
123.895
|
82.241 |
38.919 |
|
|
Other Current Liabilities |
28.475
|
20.980 |
0.000 |
|
|
Provisions |
16.302
|
12.057 |
16.019 |
|
Total
Current Liabilities |
168.672
|
115.278 |
54.938 |
|
|
Net Current Assets |
348.415
|
285.938 |
207.928 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.046 |
|
|
|
|
|
|
|
|
TOTAL |
476.615 |
392.232 |
298.378 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
1373.015 |
1181.123 |
810.182 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
1342.728 (Including
Financial Expenses and Depreciation) |
1112.313 |
770.771 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
69.172 |
39.411 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
31.115 |
22.458 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
38.057 |
16.953 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
5.419 |
3.850 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
30.287 |
32.638 |
13.103 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.042 |
9.440 |
7.193 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
20.245 |
23.198 |
5.910 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
13.100 |
6.772 |
7.351 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
20.25 |
23.20 |
5.91 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
850.000 (Because now
they are manufacturing only Aluminium Wire and not Copper Wire) |
The above information has been parted by Mr. Vinod Ratanlal Jalan.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.47
|
1.96 |
0.73
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.69 |
6.43 |
3.74
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.39 |
0.22
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.45
|
3.55 |
3.79
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.07
|
3.48 |
4.78
|
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 |
Yes |
|
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% |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
DETAILS OF
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
Loans and Advances from Directors |
25.445 |
25.755 |
|
Loans and Advances from Others |
73.572 |
43.207 |
|
Intercorporate Deposits |
73.811 |
33.157 |
|
Total |
172.828 |
102.119 |
CONTINGENT LIABILITIES
(to the extent not provided for)
(Rs. In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
Guarantee given by Bankers and outstanding |
3.000 |
3.000 |
|
|
|
|
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U31300MH1989PTC053173 |
|
Name of the company |
JALAN WIRES PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
320, Dheeraj Heritage, S. V. Road, Off Nilan Subway, Santacruz, Mumbai – 400054, Maharashtra, India E-Mail id : accounts@jalanwires.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10012824 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Pares [West], Mumbai – 400013, Maharashtra, India E-Mail id : RBBform8@hdfcbank.com |
|
Nature of instrument creating charge |
Memorandum Recording Past Transactions of Creation of Mortgage by Delivery of Title Deeds. |
|
Date of instrument Creating the charge |
25.02.2013 |
|
Amount secured by the charge |
Rs.228.026 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the rate as may be communicated by the Bank from time to time. Terms of Repayment Working capital facility shall be payable on demand. Term loan facility shall be repayable in suitable installments. Margin As may be stipulated by the Bank from time to time. Extent and Operation of the charge The Company accorded and gave oral consent to Bank to continue to hold and retain the title deeds (by way of Constructive delivery) in respect of its immovable properties as stated under Item No.15 below, as security for repayment of Rs.228.026 Million sanctioned to Jalan Wires Private Limited of Rs.29.414 Millions and Slimlites Electricals Private Limited of Rs.198.612 Millions ("the Borrowers"), including principal amount of the Facility, interest, liquidated damages, costs, charges and expenses etc. |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
Immovable property situated at Plot No. 28, 31 and 32, Bharat Industrial Estate, Village Bhimpore, Nani Daman, Daman-396210 (F) Land bearing and Ground Floor, Sy. No. 342/3 (28), 342/3 (51), 342/3 (32) Immovable property situated at Office No. 20, 3rd Floor, Bldg No. 2A/1,Dheeraj Heritage, S.V Road, Santacruz (W), Daulat Nagar, Mumbai-400 054, TPS VL, CTS No. 1609 A & 1609 B. |
|
Date of instrument modifying the charge |
29.05.2011 |
|
Particulars of the property charged |
The charge shall now stand increased from Rs.221.300 Millions to Rs.228.026 Millions, in favour the Bank against the equitable mortgage of immovable property situated at Nani Daman-396210 and Santacruz (W), Mumbai-400054. |
FIXED ASSETS
- Plant and
Machinery
- Furniture and
Fixture
- Dies
- Motor Cycle
- Motor Car
- Computer
- Telephone and
Intercom
- Air Condition
- Office
Premises
- Factory and
Building
- Testing and
other Equipment
- Office
Equipment
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 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.54.44 |
|
|
1 |
Rs.83.78 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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.