MIRA
INFORM REPORT
|
Report Date : |
17.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
JAQUAR AND COMPANY PRIVATE LIMITED (w.e.f. 19.08.2009) |
|
|
|
|
Formerly Known
As : |
JAQUAR AND COMPANY LIMITED |
|
|
|
|
Registered
Office : |
C - 20, S.M.A. Co-Operative Industrial Estate Limited, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.10.1983 |
|
|
|
|
Com. Reg. No.: |
55-016665 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 36.821 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52110DL1983PTC016665 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELJ04600B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ2324F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Marketing of Bath Fittings and Accessories. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 13000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having a fine
track record. The profit and loss statement of 2012 is not available. As per
available financials, the financial position of the company appears to be
sound. Directors are reported to be experienced and respectable businessmen.
Trade relations are reported as trustworthy. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good 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 – 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 |
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 : |
C – 20, S.M.A. Co-Operative Industrial Estate Limited, |
|
Tel. No.: |
91-11-27464808 / 4809 |
|
Fax No.: |
91-11-27240388 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot No 306, Udyog Vihar Phase II, Gurgaon - 122016, Haryana, India |
|
Tel. No.: |
91-124-4746800 (60 Lines) |
|
Fax No.: |
91-124-2346531 / 2346532 |
|
|
|
|
Factory 1 : |
SP 53 , Riico Industrial Area, Bhiwadi, Rajasthan, India |
|
Tel. No.: |
91-1493-518608 (30 Lines) |
|
Fax No.: |
91-1493-222808 |
|
|
|
|
Factory 2 : |
E- Block 426-427, Chopanki Industrial Area, District Alwar, Rajasthan, India |
|
Tel. No.: |
91-1493-516792 / 516793 |
|
|
|
|
Factory 3 : |
SP 496 (B), Riico Industrial Area, Bhiwadi, Rajasthan, India |
|
Tel. No.: |
91-1493-225008 / 224008 / 221008 |
|
|
|
|
Regional Offices /
Orientation Centre: |
Located At · Ahmedabad · Bangalore · Bhopal · Bhubaneswar · Chandigarh · Chennai · Cochin · Guwahati · Hyderabad · Indore · Jaipur · Jammu · Jamshedpur · Kolkata · Lucknow · Ludhiana · Mumbai · New Delhi · Pune · Siliguri ·
Surat |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sri Krishan Mehra |
|
Designation : |
Director |
|
Address: |
5, Flag Staff Road, Civil Lines, Delhi – 110 054, India |
|
Date of Birth/Age : |
15.12.1956 |
|
Date of Appointment : |
22.03.1984 |
|
PAN No.: |
AAAPM6479R |
|
DIN No.: |
00058213 |
|
|
|
|
Name : |
Mr. Rajesh Mehra |
|
Designation : |
Director |
|
Address: |
5, Flag Staff Road, Civil Lines, Delhi – 110 054, India |
|
Date of Birth/Age : |
04.09.1958 |
|
Date of Appointment : |
01.02.1996 |
|
PAN No.: |
AAAPM2966R |
|
DIN No.: |
00058232 |
|
|
|
|
Name : |
Mr. Ajay Mehra |
|
Designation : |
Director |
|
Address: |
5, Flag Staff Road, Civil Lines, Delhi – 110 054, India |
|
Date of Birth/Age : |
27.06.1962 |
|
Date of Appointment : |
01.04.2003 |
|
PAN No.: |
AAAPM2971Q |
|
DIN No.: |
00058245 |
|
|
|
|
Name : |
Mr. Bharat Bhushan Duggal |
|
Designation : |
Director |
|
Address: |
A – 5B/449, Paschim Vihar, Delhi – 110 054, India |
|
Date of Birth/Age : |
18.11.1955 |
|
Date of Appointment : |
07.03.2005 |
|
DIN No.: |
00058267 |
|
|
|
|
Name : |
Mr. Ved Bandhu Aggarwal |
|
Designation : |
Director |
|
Address: |
A – 2/85, Rajouri Garden, Delhi – 110 028, India |
|
Date of Birth/Age : |
28.01.1948 |
|
Date of Appointment : |
07.03.2005 |
|
DIN No.: |
00058284 |
|
|
|
|
Name : |
Mr. Parichay Mehra |
|
Designation : |
Additional Director |
|
Address: |
5, Flag Staff Road, Civil Lines, Delhi – 110 054, India |
|
Date of Birth/Age : |
24.12.1982 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No.: |
03204069 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Mehra |
|
31620 |
|
Ajay Mehra and Sons (HUF) |
|
1326 |
|
Deepika Mehra |
|
31623 |
|
Essco Sanitations Limited, India |
|
55161 |
|
G R Sales Limited, India |
|
10050 |
|
Inder Singh Malhotra |
|
26 |
|
Joginder Singh |
|
31 |
|
KRA Leasing Limited, India |
|
91238 |
|
Kanav Mehra |
|
1945 |
|
Ranbir Raj Mehra |
|
1227 |
|
Micky Khosla |
|
101 |
|
Malti Mehra |
|
32771 |
|
Nishi Mehra |
|
32299 |
|
N L Mehra and Sons (HUF |
|
1333 |
|
Pal Singh |
|
4 |
|
Parichay Mehra |
|
1658 |
|
Parakh Sehgal |
|
1643 |
|
Parinay Mehra |
|
1325 |
|
Rajesh Mehra |
|
32615 |
|
Rajesh Mehra (HUF) |
|
1350 |
|
S.K. Mehra |
|
31669 |
|
S K Mehra and Sons (HUF) |
|
1621 |
|
Sabhyata Setia |
|
1877 |
|
Santosh Mehra |
|
44 |
|
SMG Enterprises Private Limited, India |
|
1150 |
|
Vidhi Mehra |
|
2500 |
|
Total |
|
368207 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
42.80 |
|
Directors or relatives of Directors |
57.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Marketing of Bath Fittings and Accessories. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapart Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Daleep Bhatia and Company Chartered Accountants |
|
Address : |
19, Vasant Enclave, Rao Tula Marg, |
|
Tel. No.: |
91-11-26151888/ 26154255/ 26147624 |
|
Fax No.: |
91-11-26151888 |
|
E-Mail : |
|
|
PAN No.: |
AACFD8623J |
|
|
|
|
Associates : |
· G R Sales Private Limited · KRA Leasing Limited · SMG Enterprises Private Limited · Essco Sanitations Private Limited · Saniplus Overseas Private Limited · Prompt Capital and Finser Private Limited · Jaquar Mercantile · Essco Sanitations · Sanraj Farms Private Limited ·
M G C Enterprises Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
424000 |
Equity Shares |
Rs.100/- each |
Rs.42.400 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
368207 |
Equity Shares |
Rs.100/-
each |
Rs.36.821
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
36.821 |
36.503 |
|
(b) Reserves & Surplus |
|
3396.796 |
2684.972 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
66.933 |
56.969 |
|
(b) Deferred tax liabilities (Net) |
|
119.196 |
115.244 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
54.572 |
38.239 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
45.434 |
0.000 |
|
(b) Trade payables |
|
1496.271 |
1169.505 |
|
(c) Other current liabilities |
|
270.487 |
304.491 |
|
(d) Short-term provisions |
|
434.799 |
753.475 |
|
TOTAL |
|
5921.309 |
5159.398 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2295.114 |
1487.481 |
|
(ii) Intangible Assets |
|
10.230 |
13.282 |
|
(iii) Capital work-in-progress |
|
225.066 |
3.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
27.400 |
93.795 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
28.584 |
27.038 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
50.000 |
0.000 |
|
(b) Inventories |
|
1840.690 |
1499.421 |
|
(c) Trade receivables |
|
799.817 |
667.985 |
|
(d) Cash and cash equivalents |
|
98.848 |
122.751 |
|
(e) Short-term loans and advances |
|
545.444 |
1244.645 |
|
(f) Other current assets |
|
0.116 |
0.000 |
|
TOTAL |
|
5921.309 |
5159.398 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
36.253 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1954.094 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1990.347 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
4.955 |
|
|
2] Unsecured Loans |
|
|
45.658 |
|
|
TOTAL BORROWING |
|
|
50.613 |
|
|
DEFERRED TAX LIABILITIES |
|
|
102.356 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2143.316 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1280.323 |
|
|
Capital work-in-progress |
|
|
57.260 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
246.263 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
767.032
|
|
|
Sundry Debtors |
|
|
486.539
|
|
|
Cash & Bank Balances |
|
|
304.452
|
|
|
Other Current Assets |
|
|
185.393
|
|
|
Loans & Advances |
|
|
460.512
|
|
Total
Current Assets |
|
|
2203.928 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
897.028
|
|
|
Other Current Liabilities |
|
|
288.108
|
|
|
Provisions |
|
|
459.322
|
|
Total
Current Liabilities |
|
|
1644.458 |
|
|
Net Current Assets |
|
|
559.470
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2143.316 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
9044.500 |
6783.600 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
9044.500 |
6783.600 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
7957.300 |
5861.000 |
|
|
|
Advertising Expenses |
NA |
|
|
|
|
|
TOTAL |
|
7957.300 |
5861.000 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
1087.200 |
922.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
356.400 |
344.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
730.800 |
577.700 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
206.786 |
148.800 |
157.265 |
|
|
TOTAL EARNINGS |
206.786 |
148.800 |
157.265 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
2002.01 |
1593.51 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
8.08 |
8.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
18.22 |
26.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.34 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.03
|
0.02 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48
|
1.59 |
1.34 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
CONTINGENT
LIABILITIES:
Rs. In Millions
|
Particular |
31.03.2012 |
|
i. On letters of guarantee |
10.380 |
|
ii. On letters of credit |
5.120 |
|
iii. Sales Tax Department (Bhiwadi - Rajasthan) |
2.988 |
|
iv. Entry Tax (Bhiwadi - Rajasthan) |
5.899 |
v. Contingent Liabilities in respect of product warranty expenses are accounted as and when in the warranty claims are preferred
vi. On Corporate Guarantee given to Banks for Associate firm M/s Jaquar Mercantile
FIXED ASSETS
· Land
·
·
· Furniture and Fixture
· Plant and Machinery
· Office Equipment
· Computer
· Capital work in process
· Vehicles
AS PER WEBSITE
COMPANY PROFILE
Jaquar group was built on the platform of highest quality standards, aesthetics and with the intent of providing world class products. Conceived way back in 1960 by Mr. N.L. Mehra, Jaquar group is an undisputed market leader in the bath fittings category that has transformed the industry from merely utilitarian to inspirational. With the Group’s vision to evolve into a ‘Complete Bathing Solutions’ enterprise, Jaquar has also successfully diversified into various bath verticals like sanitaryware, shower enclosure, water heaters, concealed cisterns, wellness range of products like whirlpool, shower panels, showers, steam cabin and spa.
Jaquar group has recently forayed in concept lighting solutions for all residential, commercial and outdoor applications. As a one window solution, Jaquar concept lighting offers wide range of high quality products, design consultancy, installation and post care.
Over the year’s innovation, commitment and performance has been the group’s core philosophy. A globally renowned super brand, Jaquar has created worldwide presence through continuous R and D in design and today Jaquar group has:
· World class brands, products and ranges for residential and commercial purpose
· Over 60% market share in bath fittings industry
· Presence over 5 continents making it a true global player
· 3 state-of-the-art manufacturing facilities spread over 1 lac sq. mts.
· Trained technicians producing 50,000 faucets a day
· 5 Lac happy new customers every year
· Large company operated orientation centers showcasing world class display
· Unmatched customer service and product warranty
Crossing 1545 crore mark in FY-12-13, Jaquar is truly a global bath solutions company creating benchmarks in the industry and the most preferred one stop solutions brand across the globe.
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.57.74 |
|
|
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
|
64 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.