MIRA
INFORM REPORT
|
Report Date : |
17.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MOJJ ENGINEERING SYSTEMS LIMITED |
|
|
|
|
Formerly Known
As : |
MOJJ ENGINEERING SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
81-B/15, M.I.D.C., Bhosari, Pune – 411 026, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.10.1986 |
|
|
|
|
Com. Reg. No.: |
25-041406 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.21.763
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29297PN1986PLC041406 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEM08503F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM1797L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Drying Systems and Evaporators. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 857000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an
established company having satisfactory track record. Trade relations are reported
as fair. Business is active. Payments are reported to be usually correct and
as per commitments. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities: BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
June, 2012 |
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 : |
81-B/15, M.I.D.C., Bhosari, Pune – 411 026, |
|
Tel. No.: |
91-20-27120360/ 27120835 |
|
Mobile No.: |
91-9822022069 (Mr. Balraj) |
|
Fax No.: |
91-20-27127198/ 27122836 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Unit No. I, 113/1, M.I.D.C., ‘S’ Block, Bhosari, Pune - 411 026, |
|
|
|
|
Factory 2 : |
Located at: v
Ranjangaon, Pune |
DIRECTORS
As on 08.09.2012
|
Name : |
Mr. Madhusudan Tejpal Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No.4/2 and 5/2,
S.No.257/1, Pallor Farms, Baner, Pune - 411 045, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1954 |
|
Qualification : |
B.E. (Hons) - Chemical Engineering, B.I.T.S. Pilani |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
00525532 |
|
PAN No.: |
AAVPG2712Q |
|
|
|
|
Name : |
Mr. Dhirendra Widyadhar Oke |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No.81,
Lokesh Co-operative Housing Society, Bibavewadi, Pune - 411 037, Maharashtra,
India |
|
Date of Birth/Age : |
05.02.1954 |
|
Qualification : |
M. Tech. - Mechanical Design Engineering, I.I.T. Mumbai |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
00385324 |
|
PAN No.: |
AAAPO6917E |
|
|
|
|
Name : |
Mr. Balraj Bapusaheb Pol |
|
Designation : |
Whole Time Director |
|
Address : |
E/15, Chitraban
Residency, Aundh, Baner Road, Aundh, Pune - 411 007, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1954 |
|
Qualification : |
B. Tech. - Chemical Engineering, I.I.T. Kharagpur |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
00385379 |
|
PAN No.: |
AAUPP2872M |
|
|
|
|
Name : |
Mr. Anil Punamchand Kochar |
|
Designation : |
Director |
|
Address : |
B-9, Patil
Gardens, S.No.29, Tejasnagar, Kothrud, Pune – 411 038, Maharashtra, India |
|
Date of Birth/Age : |
29.08.1965 |
|
Date of Appointment : |
10.08.2004 |
|
DIN No.: |
00007472 |
|
|
|
|
Name : |
Mr. Nandkishore Vidyadhar Kulkarni |
|
Designation : |
Whole Time Director |
|
Address : |
A 66/4, Sahara Premlok
Park, Chinchwad, Pune 411 033, Maharashtra, India |
|
Date of Birth/Age : |
20.08.1955 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
00525620 |
|
PAN No.: |
ABXPK2732R |
|
|
|
|
Name : |
Mr. Dilip Digamber Ravetkar |
|
Designation : |
Whole Time Director |
|
Address : |
I-202 Nav
Pinnac, Kanchanganga, Aundh, Pune – 411 007, Maharashtra, India |
|
Date of Birth/Age : |
29.07.1953 |
|
Date of Appointment : |
12.12.2008 |
|
DIN No.: |
00048446 |
|
PAN No.: |
ABRPR5723M |
|
|
|
|
Name : |
Mr. Jayant R. Rairkar |
|
Designation : |
Director |
|
Address : |
433, Shaniwar Peth, Pune – 411 030, Maharashtra, India |
|
Date of Birth/Age : |
27.12.1954 |
|
Date of Appointment : |
31.07.1996 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 08.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Oke Widyadhar Dhirendra |
|
622081 |
|
Gupta Madhusudan Rekha |
|
55198 |
|
Gupta Tejpal Madhusudan |
|
572585 |
|
Pol Bapusaheb Balraj |
|
620783 |
|
Gupta Bhushan Bharat |
|
10000 |
|
Oke Dhirendra Mayashree |
|
32076 |
|
Oke Winayak Widyadhar |
|
10000 |
|
Pol Bapusaheb Rajendra J/w Pol Bapusaheb Balraj |
|
4000 |
|
Pol Balraj Anjali |
|
28154 |
|
Gupta Madhusudan Niharika |
|
6326 |
|
Kochar Dhanpati Punam Chand J/w
Kochar Bimla |
|
63 |
|
Garg Laxminarayan Usha |
|
63 |
|
Singhania Hiralal Bankebehari |
|
63 |
|
Babrah Mohansingh Harjinder |
|
63 |
|
Mojj Finvest (India) Private Limited, India |
|
208530 |
|
Gupta Tejpal Madhusudan (HUF) |
|
3150 |
|
Pol Bapusaheb Balraj (HUF) |
|
3150 |
|
Total |
|
2176285 |
As on 08.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
9.59 |
|
Directors
or relatives of directors |
|
89.65 |
|
Other
top fifty shareholders |
|
0.76 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Drying Systems and Evaporators. |
||||
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|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
200 (Approximately) |
||||||||||||
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|
|
||||||||||||
|
Bankers : |
·
Canara Bank, Camp Branch, Pune – 411 001, Maharashtra,
India ·
Bank of Maharashtra, Model Colony Branch, Pune –
411 016, Maharashtra, India ·
The North Kanara G.S.B. Co-Operative Bank
Limited, 361; Laxmi Sadan, V.P. Road, Mumbai – 400 004, Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Yeravedekar Ranade and Associates Chartered Accountants |
|
Address : |
1018, Shukrawar Peth, Tilak Road Swargate Corner, Pune – 411 002,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFY0772F |
|
|
|
|
Other Related
Parties : |
Comp Engineering and Export |
CAPITAL STRUCTURE
As on 08.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6300000 |
Equity Shares |
Rs.10/- each |
Rs.63.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2176285 |
Equity Shares |
Rs.10/- each |
Rs.21.763
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 |
|
21.763 |
21.763 |
|
(b) Reserves & Surplus |
|
192.397 |
169.882 |
|
(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 |
|
28.339 |
25.745 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
134.078 |
106.054 |
|
(b) Trade payables |
|
259.432 |
285.346 |
|
(c) Other current
liabilities |
|
135.873 |
167.694 |
|
(d) Short-term provisions |
|
1.525 |
1.089 |
|
TOTAL |
|
773.407 |
777.573 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
37.121 |
36.164 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
|
0.580 |
0.217 |
|
(d) Long-term Loan and Advances |
|
0.559 |
0.635 |
|
(e) Other Non-current assets |
|
0.115 |
0.173 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
172.663 |
209.097 |
|
(c) Trade receivables |
|
453.047 |
447.212 |
|
(d) Cash and cash
equivalents |
|
49.043 |
13.093 |
|
(e) Short-term loans and
advances |
|
60.254 |
70.957 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
TOTAL |
|
773.407 |
777.573 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
21.763 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
131.420 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
153.183 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
98.564 |
|
|
2] Unsecured Loans |
|
|
17.250 |
|
|
TOTAL BORROWING |
|
|
115.814 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.217 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
269.214 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
36.284 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.025 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
169.950 |
|
|
Sundry Debtors |
|
|
305.470 |
|
|
Cash & Bank Balances |
|
|
10.287 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
85.154 |
|
Total
Current Assets |
|
|
570.861 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
199.763 |
|
|
Other Current Liabilities |
|
|
111.223 |
|
|
Provisions |
|
|
27.200 |
|
Total
Current Liabilities |
|
|
338.186 |
|
|
Net Current Assets |
|
|
232.675 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.230 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
269.214 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
1121.868 |
1196.892 |
978.572 |
|
|
|
Other Income |
17.445 |
8.502 |
22.055 |
|
|
|
TOTAL (A) |
1139.313 |
1205.394 |
1000.627 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of
materials consumed |
865.579 |
975.694 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
19.945 |
(27.634) |
|
|
|
|
Employee benefit
expense |
63.980 |
54.392 |
|
|
|
|
Other expenses |
132.951 |
127.221 |
|
|
|
|
TOTAL (B) |
1082.455 |
1129.673 |
914.220 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
56.858 |
75.721 |
86.407 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL CHARGES (D) |
17.883 |
12.301 |
8.582 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
38.975 |
63.420 |
77.825 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.794 |
6.106 |
4.752 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
33.181 |
57.314 |
73.073 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.666 |
18.853 |
26.692 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
22.515 |
38.461 |
46.381 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
131.153 |
97.692 |
56.311 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.000 |
5.000 |
5.000 |
|
|
BALANCE CARRIED
TO THE B/S |
148.668 |
131.153 |
97.692 |
|
|
|
|
|
|
|
|
|
|
IMPORT VALUE |
NA |
NA |
8.662 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.35 |
17.67 |
21.31 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.98 |
3.19
|
4.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.96 |
4.79
|
7.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.29 |
7.37
|
12.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.30
|
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.76 |
0.69
|
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.38 |
1.32
|
1.69 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
Yes |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
25.700 |
23.550 |
|
Loans and advances from others |
1.200 |
1.200 |
|
SHORT-TERM BORROWINGS |
|
|
|
Working capital loans from banks |
134.078 |
106.054 |
|
Total
|
160.978 |
130.804 |
REVIEW OF
OPERATIONS
During the Year
the total Turnover of the Company was Rs.1121.868 millions as against the Turnover
of the Company of Rs.1196.891 millions of the previous Year, registering the
decline of 6.26%. The Profit before Tax of the Company was Rs.33.181 millions
as against Rs.57.313 millions of the Previous Year. The Profitability of the
Company for the Year has been reduced mainly because of increased Finance Cost
and Overheads.
FIXED ASSETS:
· Land
· Building
· Machinery
· Furniture and Fixtures
· Empty Container
· Drafting Machines
· Electrical Installation
· Refrigerators
· Office equipments
· Computers
· Xerox Machine
· Electrical
· Equipments
· Vehicles
· Generators
· Air Conditioners
· R and D Machinery
· R and D instruments
· R and D Pilot Plant
· Tools and Equipment
· Book (Engineering)
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 : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.