MIRA
INFORM REPORT
|
Report Date : |
19.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
JAY BEE LAMINATIONS PRIVATE LIMITED |
|
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|
|
Registered
Office : |
House No-5, Prem Nagar Market, Thyagraj Nagar, New Delhi – 110003 |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2013 |
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|
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Date of
Incorporation : |
22.03.1988 |
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Com. Reg. No.: |
55-031038 |
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Capital
Investment / Paid-up Capital : |
Rs. 29.996 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22222DL1988PTC031038 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELJ04402G |
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|
|
PAN No.: [Permanent Account No.] |
AAACJ1888L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of CRGO Silicon Electrical Steel Stamping/ Laminations. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 490000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. Trade relation reported to be fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered for business dealing 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August. Onion
prices have risen nearly 300 % from last September. Vegetables cost nearly 90 %
more than they did last year. Wake up to the economic contribution of slum
dwellers. They contribute more than 7.5 % to the country’s gross domestic
product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from January
1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a
119 year old registration. The Securities and Exchange Board of India has
approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
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 : |
House No-5, Prem Nagar Market, Thyagraj Nagar, New Delhi – 110003,
India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
|
E-Mail : |
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|
Factory : |
A – 18, 19 and 21, Phase II, Gautam Budh Nagar, Noida – 210305, |
|
Tel. No.: |
91-120-4307940/ 4307941/ 4307942 |
|
Fax No.: |
91-120-4307946 |
|
Area : |
30000sq.fts |
|
Location : |
Owned |
DIRECTORS
As on 12.08.2013
|
Name : |
Sunita Aggarwal |
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|
Designation : |
Director |
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|
Address : |
C-18, Sector -50, Noida – 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
31.08.1965 |
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Experience : |
48 Years |
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Date of Appointment : |
22.05.1993 |
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DIN No.: |
00465983 |
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Name : |
Mudit Aggarwal |
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|
Designation : |
Additional Director |
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|
Address : |
C-18, Sector -50, Noida – 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
27.11.1988 |
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Experience : |
1 Year |
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Date of Appointment : |
10.05.2012 |
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DIN No.: |
01324169 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 12.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
M.K. Aggarwal |
|
227610 |
|
Sunita Aggarwal |
|
28360 |
|
Mudit Aggarwal |
|
7960 |
|
M.K. Aggarwal HUF |
|
2000 |
|
Bechan Kumar Singh |
|
2000 |
|
Prem Lata Sharma |
|
1500 |
|
Ashok Kumar |
|
1500 |
|
Hari Ram |
|
1500 |
|
Manohar Lal Gupta |
|
2000 |
|
Pushpa Devi Gupta |
|
1500 |
|
Saroj Aggarwal |
|
2000 |
|
Pramod Aggarwal |
|
2000 |
|
Binod Kumar Singh |
|
2000 |
|
Rajendra Goyal |
|
2000 |
|
Ram Prakash |
|
2000 |
|
Sanjay Kumar |
|
2000 |
|
Ram Niwas Aggarwal |
|
2000 |
|
Anish Goyal |
|
2000 |
|
Sheela Devi |
|
1000 |
|
Sumit Kundal |
|
2000 |
|
Neeraj Jain |
|
2000 |
|
Sanjay Kumar |
|
2000 |
|
Praveen Kumar |
|
1000 |
|
Raj Kumar Bansal |
|
10 |
|
Harsha Bindal |
|
10 |
|
Bina Rani |
|
10 |
|
Total |
|
299960 |
As on 12.08.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of CRGO Silicon Electrical Steel Stamping/ Laminations. |
GENERAL INFORMATION
|
Customers : |
· ABC Transformers (Private) Limited BMC Electroplast (Private) Limited Danish (Private) Limited J and G Transformer Kotson (Private) Limited Kalpana Industries Nortex Marketing R. K. Industries SCT Limited Steslit Limited Vijai Electricals Limited |
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No. of Employees : |
Not Available |
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Bankers : |
Canara Bank, SCO 12, Sector-10, Panchkula, Panchkula - 134109, Haryana, India |
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Chinatrust Commercial Bank, 604, 6th Floor, Mercantile House, 15, K.G. Marg, New Delhi - 110001, India |
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Facilities : |
|
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|
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Ravi Ramesh and Associates Chartered Accountants |
|
Address : |
26/36, Basement, East Patel Nagar, New Delhi – 110008, India |
|
Tel. No.: |
91-11-25759774/ 25759775 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFR7506E |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300,000 |
Equity Shares |
Rs. 100/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
299,960 |
Equity Shares |
Rs. 100/- each |
Rs. 29.996
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
29.996 |
29.996 |
29.996 |
|
(b) Reserves & Surplus |
93.162 |
77.014 |
63.481 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
123.158 |
107.010 |
93.477 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
35.551 |
97.297 |
121.041 |
|
(b) Deferred tax liabilities (Net) |
0.770 |
0.067 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
36.321 |
97.364 |
121.041 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
103.114 |
25.035 |
0.620 |
|
(b)
Trade payables |
24.049 |
52.807 |
29.911 |
|
(c)
Other current liabilities |
10.465 |
11.567 |
8.829 |
|
(d) Short-term
provisions |
7.178 |
5.000 |
8.000 |
|
Total Current
Liabilities (4) |
144.806 |
94.409 |
47.360 |
|
|
|
|
|
|
TOTAL |
304.285 |
298.783 |
261.878 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
30.542 |
23.031 |
17.373 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.074 |
|
(d) Long-term Loan and Advances |
3.596 |
2.365 |
0.418 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
34.138 |
25.396 |
17.865 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
59.925 |
44.866 |
31.950 |
|
(c)
Trade receivables |
168.583 |
159.610 |
156.330 |
|
(d) Cash
and cash equivalents |
4.762 |
33.905 |
23.134 |
|
(e)
Short-term loans and advances |
6.283 |
5.651 |
2.888 |
|
(f)
Other current assets |
30.594 |
29.355 |
29.711 |
|
Total
Current Assets |
270.147 |
273.387 |
244.013 |
|
|
|
|
|
|
TOTAL |
304.285 |
298.783 |
261.878 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
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|
|
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Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
28.120 |
31.607 |
25.317 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.851 |
2.642 |
2.273 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
24.269 |
18.965 |
23.044 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
7.494 |
9.466 |
2.716 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.98
|
6.35 |
8.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.18 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.13
|
1.14 |
1.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87
|
2.90 |
5.15 |
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 |
No |
|
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10371096 |
09/09/2013 * |
287,200,000.00 |
CANARA BANK |
SCO 12,SECTOR 10, PANCHKULA,
PANCHKULA - |
B85696540 |
|
2 |
90042677 |
02/02/2000 |
500,000.00 |
ORIENTAL BANK OF COMMERCE |
NEW FRIENDS COLONY, NEW DELHI, DELHI, INDIA |
- |
|
3 |
90042507 |
28/06/1999 |
114,500,000.00 |
ORIENTAL BANK OF COMMERCE |
NEW FRIENDS COLONY, NEW DELHI, DELHI, INDIA |
- |
|
4 |
90041849 |
10/02/1997 |
4,000,000.00 |
ORIENTAL BANK OF COMMERCE |
5 ; COMMUNITY CENTRE, NEW FRIENDS COLONY, NEW DELHI, DELHI, INDIA |
- |
|
5 |
90041525 |
03/02/2000 * |
95,000,000.00 |
ORIENTAL BANK OF COMMERCE |
NEW FRIENDS COLONY, NEW DELHI, DELHI, INDIA |
- |
|
6 |
90041524 |
27/08/1996 * |
10,000,000.00 |
ORIENTAL BANK OF COMMERCE |
5 ; COMMUNITY CENTRE, NEW FRIENDS COLONY, NEW DELHI, DELHI, INDIA |
- |
|
7 |
90033096 |
10/02/1997 * |
25,000,000.00 |
ORIENTAL BANK OF COMMERCE |
5; COMMUNITY CENTRE, NEW FRIENDS COLONY, NEW DELHI, DELHI, INDIA |
- |
|
8 |
90033079 |
11/10/1993 |
25,000,000.00 |
ORIENTAL BANK OF COMMERCE |
5; COMMUNITY CENTRE, NEW FRIENDS COLONY, NEW DELHI, DELHI, INDIA |
- |
|
9 |
90032879 |
05/05/1992 |
1,900,000.00 |
UTTAR PRADESH FINANCIAL CORP. |
KANPUR, KANPUR, UTTAR PRADESH, INDIA |
- |
|
10 |
90032806 |
25/10/1991 |
15,000,000.00 |
HARYANA STATE INDL. DEV. CORPORATION LTD. |
SECTOR 17/A, CHANDIGARH, PUNJAB, INDIA |
- |
|
11 |
90032786 |
09/08/1991 |
166,000.00 |
UTTAR PRADESH FINANCIAL CORP. |
KANPUR, KANPUR, UTTAR PRADESH, INDIA |
- |
|
12 |
90032643 |
14/09/1995 * |
3,000,000.00 |
ORIENTAL BANK OF COMMERCE |
5 ; COMMUNITY CENTRE, NEW FRIENDS COLONY, NEW DELHI, DELHI, INDIA |
- |
|
13 |
90032388 |
25/03/1989 |
4,950,000.00 |
UTTAR PRADESH FINANCIAL CORP. |
KANPUR, KANPUR, UTTAR PRADESH, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
HDFC Loan |
0.000 |
0.269 |
|
Magma Fincorp Limited |
0.000 |
1.260 |
|
Standard Chartered Loan |
0.000 |
0.628 |
|
Loans and advances from related parties |
29.207 |
21.657 |
|
Loans and advances from others |
5.725 |
5.167 |
|
SHORT TERM BORROWINGS |
|
|
|
HDFC Loan |
0.269 |
2.689 |
|
Magma Fincorp Limited |
1.224 |
1.740 |
|
Religare Commercial |
0.000 |
1.488 |
|
Standard Chartered Loan |
0.628 |
2.372 |
|
Total |
37.053 |
37.270 |
CHANGE OF ADDRESS
The registered office of the company has been shifted from 26/36, Ground
Floor, East Patel Nagar, New Delhi – 110008, India to the present address
w.e.f. 01.05.2013.
NATURE OF
OPERATIONS
Subject Company registered under Indian Company Act, 1956, was
incorporated on 22nd March, 1988. The company is primarily engaged
in the business of Manufacturing of CRGO Silicon Electrical Steel Stamping/
Laminations.
FIXED ASSETS:
· Factory Land
Building
Plant
and Machinery
Tools
and Equipment
Car
Car
(Outlander)
Car
(Verna)
Scooter
and Motorcycle
Fire
Fighting Equipment’s
Air
Conditioner
Electric
Installation
Xerox
Machine
Computer
Furniture
and Fixture
Water
cooler and Refrigerator
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. 61.92 |
|
|
1 |
Rs. 100.83 |
|
Euro |
1 |
Rs. 85.27 |
INFORMATION DETAILS
|
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.