MIRA
INFORM REPORT
|
Report Date : |
14.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
YOSHAMA AND COMPANY PRIVATE LIMITED |
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Registered
Office : |
No.94, S.V. Road, Mumbai – 400056, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
03.03.1972 |
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Com. Reg. No.: |
11-015651 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.356 Million |
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CIN No.: [Company Identification
No.] |
U74999MH1972PTC015651 |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturer, Wholesale Suppliers, Exporter of Spring Wire Forms. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 34000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company in its field. It scale of
activities is limited. It has a moderate track record. It has incurred loss from its operations. There appears some dip in
the sales turnover of the company during 2012. However, trade relations are reported as fair. Business is active.
Payment terms are reported as slow. The company can be considered for small to mediocre business dealings
with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 DECLINED
|
Name : |
Ms. Diara |
|
Designation : |
Office Executive |
|
Date : |
12.01.2013 |
LOCATIONS
|
Registered Office : |
No.94, S.V. Road, Mumbai – 400056, Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory : |
#6411, 3rd Cross, S.S.I. Area, Post Box #1030, Rajajinagar,
Bangalore - 560010, Karnataka, India |
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Tel. No.: |
91-080-23350025 / 23350237 |
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Fax No.: |
91-080-23381799 |
DIRECTORS
As on 21.09.2012
|
Name : |
Mr. Yogesh Vishwanath Bhatt |
|
Designation : |
Managing director |
|
Address : |
639, 9th Main 3rd Stage, 3rd Blook,
Basaveshwaranagar, Bangalore – 560079, Karnataka, India |
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Date of Birth/Age : |
22.01.1944 |
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Date of Appointment : |
13.03.1972 |
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DIN No.: |
00330096 |
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Name : |
Mr. Vivek Yogesh Bhatt |
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Designation : |
Director |
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Address : |
639, 9th Main 3rd Stage, 3rd Blook,
Basaveshwaranagar, Bangalore – 560079, Karnataka, India |
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Date of Birth/Age : |
03.01.1977 |
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Date of Appointment : |
30.08.2005 |
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DIN No.: |
01312133 |
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Name : |
Mr. Raghuprasad N. S. |
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Designation : |
Director |
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Address : |
62/1, 6th Main 15th A Cross Mallesgwaram,
Bangalore – 560055, Karnataka, India |
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Date of Birth/Age : |
09.12.1959 |
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Date of Appointment : |
15.11.1989 |
KEY EXECUTIVES
|
Name : |
Ms. Diara |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 21.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Yogesh V. Bhatt |
|
3183 |
|
Anjali Y Bhatt |
|
109 |
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Divya Y Bhatt |
|
108 |
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Vivek Y Bhatt |
|
126 |
|
Shweta V Bhatt |
|
30 |
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Total |
|
3556 |
As on 21.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Wholesale Suppliers, Exporter of Spring Wire Forms. |
GENERAL INFORMATION
|
Customers : |
· ABB Haridwar · ABB Limited · AdvikHi-Tech Private Limited · Advik Hi Tech Manesar · Advik Hi Tech Plant III · Advik HI Tech Private Limited - Plant IX · Adwaith Lakshmi Industries Limited · AESCON · Annapurna Mechatronics Private Limited · Bharath Electronics Limited · Baker Gauges India Private Limited.- Pune · Crompton Greaves Limited - Bangalore · Cubic Systems · Cutting Edge · Darshna Plastic Industry · Diabu Diamont Tools (India) Private Limited · Easun Reyrolle Limited · Eco Auto Components Limited · Electronics Corporation of India Limited · Esskay Hardware Supplies · FCIOEN Connectrors Limited ·
GE India Technologies Centre |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· State Bank of India, Sme City Credit Centre, Seshadripuram, Badaganadu Sangha Building Kumara Park, Bangalore - 560020, Karnataka, India ·
HDFC Bank Limited, HDFC Bank Housesenapati
Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S. Janardhan and associates Chartered Accountants |
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Address : |
103 and 106, Embassy Centre, No. 11, Crescent Road, Bangalore – 560001, Karnataka, India |
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Tel. No.: |
91-80-22265438, 22260055, 22202709 |
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Fax No.: |
91-80-22265572 |
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E-Mail : |
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PAN.: |
AACFM2246C |
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Associates : |
Bangalore Springs Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
3556 |
Equity Shares |
Rs.100/-
each |
Rs.0.356
Million |
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The Company has only one class of shares referred to as equity shares having a par value of Rs.100/-. Each holder of equity shares is entitled to one vote per share held.
The Company declares and pays dividend in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing annual general meeting.
Dividend, if approved, is payable to the shareholders in proportion to their shareholding.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company. The distribution will be in proportion to the number of equity shares held by the shareholders.
There are no bonus shares issued, share issued for consideration other than cash and shares bought back during the period of five year immediately preceding the reporting date.
Reconciliation of
number of Shares
|
Equity Shares; |
Number of Shares |
Amount In Millions |
|
Balance as at the beginning of the previous year |
3,556 |
0.356 |
|
Add: Shares issued during the year |
-- |
-- |
|
Balance as at the end of the year |
3,556 |
0.356 |
Details of Shares held
by shareholders, holding more than 5% of the aggregate shares in the Company.
|
Particular |
Number of Shares |
Percentage |
|
Yogesh V Bhatt |
1,614 |
45.39 |
|
Yogesh V Bhatt (HUF) |
1,569 |
44.12 |
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 |
|
|
|
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|
1] Share Capital |
0.356 |
0.356 |
0.356 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
8.195 |
8.979 |
8.673 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
8.551 |
9.335 |
9.029 |
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|
LOAN FUNDS |
|
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|
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|
1] Secured Loans |
10.515 |
5.700 |
5.978 |
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2] Unsecured Loans |
3.386 |
3.718 |
3.770 |
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TOTAL BORROWING |
13.901 |
9.418 |
9.748 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
22.452 |
18.753 |
18.777 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
12.745 |
9.771 |
11.299 |
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Capital work-in-progress |
0.000 |
0.563 |
0.562 |
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INVESTMENT |
0.002 |
0.003 |
0.003 |
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DEFERREX TAX ASSETS |
0.844 |
0.348 |
0.300 |
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Other Non-Current Assets |
1.593 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.477
|
3.535 |
3.960 |
|
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Sundry Debtors |
8.115
|
7.929 |
6.095 |
|
|
Cash & Bank Balances |
0.545
|
0.233 |
0.194 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.966
|
0.406 |
1.111 |
|
Total
Current Assets |
13.103
|
12.103 |
11.360 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.666
|
1.304 |
2.299 |
|
|
Other Current Liabilities |
2.604
|
2.423 |
1.915 |
|
|
Provisions |
1.565
|
0.309 |
0.533 |
|
Total
Current Liabilities |
5.835
|
4.036 |
4.747 |
|
|
Net Current Assets |
7.268
|
8.067 |
6.613 |
|
|
|
|
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|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
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|
|
|
|
TOTAL |
23.452 |
18.753 |
18.777 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
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SALES |
|
|
|
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|
Income |
23.347 |
23.744 |
18.371 |
|
|
|
Other Income |
0.125 |
0.006 |
0.208 |
|
|
|
TOTAL (A) |
23.472 |
23.750 |
18.579 |
|
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|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
4.860 |
5.979 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and Stock-in-Trade |
0.173 |
0.201 |
15.847 |
|
|
|
Employee benefits expense |
7.255 |
6.697 |
|
|
|
|
Other expenses |
7.012 |
7.598 |
|
|
|
|
Extraordinary Items |
1.254 |
0.000 |
|
|
|
|
TOTAL (B) |
20.554 |
20.475 |
15.847 |
|
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|
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|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.918 |
3.275 |
2.732 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.633 |
0.940 |
0.766 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.285 |
2.335 |
1.966 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.426 |
1.855 |
1.591 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(1.141) |
0.480 |
0.375 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.357) |
0.173 |
0.158 |
|
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|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(0.784) |
0.307 |
0.217 |
|
|
|
|
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|
|
|
|
Less |
Prior Period Expenses ` |
NA |
0.000 |
0.115 |
|
|
|
|
|
|
|
|
|
Less |
Income tax relating to earlier year |
NA |
0.000 |
0.013 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
8.416 |
8.327 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
8.723 |
8.416 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
0.509 |
0.472 |
|
|
TOTAL IMPORTS |
NA |
0.509 |
0.472 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(LOSS) Per Share (Rs.) |
(4.02) |
1.57 |
25.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(3.34)
|
1.29 |
1.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(4.89)
|
2.02 |
2.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.41)
|
2.19 |
1.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.13)
|
0.05 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.31
|
1.44 |
1.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.25
|
3.00 |
2.39 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Trade Payables |
1.558 |
1.294 |
|
|
Payables towards Related Parties |
0.108 |
0.010 |
|
|
Total |
1.666 |
1.304 |
2.299 |
|
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 |
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% |
---------------------- |
|
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 |
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 |
Note:
The registered office of the company has been shifted from Mumbai - 400056, Maharashtra, India to present address w.e.f. 14.12.2007
FINANCIAL RESULT
On the working of the Company for the Thirty Eighth Financial Year ended 31st March, 2012, together with the report of the Auditors thereon.
During the year, the Company's turnover has decreased to Rs.23.347 Millions from Rs. 23.744 Millions from the previous year. During the year company has earned a Net Profit of Rs. 1.141 Millions as compared to the Profit of Rs. 0.480 Million in the previous year after providing depreciation of Rs.2.426 Millions (Previous year Rs.1.855 Millions).
In view of the future expansion plans, the Directors do not recommend payment of any Dividend.
CONTINGENT
LIABILITIES AND COMMITMENTS (TO THE EXTENT NOT PROVIDED FOR)
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
|
Contract Performance Guarantee |
1.000 |
1.000 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74999MH1972PTC015651 |
|
Name of the
company |
YOSHAMA AND
COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No.94, S.V. Road, Mumbai – 400056, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10275427 |
|
Type of charge |
· Modification of charge · Book debts · Movable property (not being pledge) · Floating charge |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
|
Nature of
instrument creating charge |
a] Supplementary
Letter of Hypothecation. b] Memorandum
Recording Past Transaction of Creation of Mortgage by Delivery of Title
Deeds. [Collectively
constitute a single charge for Rs. 13.975 Millions]. |
|
Date of
instrument Creating the charge |
21.03.2012 |
|
Amount secured by
the charge |
Rs.13.975
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 [a] Hypo by way
of First Charge on Co's Stock, Book Debts, Plant and Mach and Vehicles etc.,
to secure [b] 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 security for repayment of Rs. 13.975 Millions together with
principal, interest, liquidated damages, costs, charges and expenses. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Stock in Trade, consisting of raw materials, goods in process of manufacturing finished goods, and other merchandise whatsoever being movable properties All the debts, that is, all the book debts, outstandings, monies receivables, claims, bills, invoice documents, contracts, guarantees, and rights The movable plant and machinery and vehicles which may now or at any time hereafter belong to the Borrower or come to the Borrower's disposal Immovable property being situated at Equitible Mortgage of Industrial Property bearing No. 6411, PID No- 22-30-5 situated at SSI area, Rajaji Nagar 3rd Cross, Bangalore - 560010. |
|
Date of
instrument modifying the charge |
01.04.2011 |
|
Particulars of
the present modification |
The charge shall
now stand reduced from Rs. 12.675 Millions to Rs. 13.975 Millions in favour
of the Bank against the security of stocks, book debts, Plant and Mach and
Vehicles etc and immovable properties
being lying and situate at Rajaji Nagar 3rd Cross, Bangalore -
560010. |
FIXED ASSETS
·
Building
·
Plant and Machinery
·
Electrical Installation
·
Computer
·
Office Equipments
·
Furniture and Fixtures
·
Vehicle
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.54.54 |
|
|
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.72.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.