MIRA
INFORM REPORT
|
Report Date : |
17.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
RISHABH GOLD JEWELS ( |
|
|
|
|
Registered
Office : |
Shop No. 1, A-75, Opposite H.M.S Building Lane, Siddanna Lane, Cubbonpet
Cross, Bangalore – 560002, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
31.03.2006 |
|
|
|
|
Com. Reg. No.: |
08-038885 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.32.420
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51398KA2006PTC038885 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRR05309D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR2969P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer in Gold Jewellery and Bullion. |
|
|
|
|
No. of Employees
: |
18 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 500000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an establishment company having a moderate track record.
The profitability of the company seems to be slow. However, networth of the company seems to be strong. Trade relations are
reported to be fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for business dealings with some
cautions. |
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) |
|
|
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.
INFORMATION PARTED BY
|
Name : |
Mr. Arun Kumar Jain |
|
Designation : |
Director |
|
Contact No.: |
91-9342457222 |
|
Date : |
14.06.2013 |
LOCATIONS
|
Registered Office : |
Shop No. 1, A-75, Opposite H.M.S Building Lane, Siddanna Lane,
Cubbonpet Cross, Bangalore – 560002, Karnataka, India |
|
Tel. No.: |
91-80-32931991 |
|
Mobile No.: |
91-9342457222 (Mr. Arun
Kumar Jain) 91-9342457333 (Mr. Ajay Kumar Jain) 91-9886513581 (Mr. Anand Kumar Jain) |
|
Fax No.: |
91-80-22297821 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Offices
: |
M/s Rishabh Gold Palace M/s Rishabh Jewellers Riddhi Siddhi |
DIRECTORS
(AS ON 17.09.2012)
|
Name : |
Mr. Arun Kumar Jain |
|
Designation : |
Director |
|
Address : |
HIG 9/4, 9th Cross, KHB Colony, 2nd Stage,
Basaveshware Nagar, Bangalore-560079, Karnataka, India |
|
Date of Birth/Age : |
18.10.1973 |
|
Date of Appointment : |
31.03.2006 |
|
DIN No.: |
00214983 |
|
|
|
|
Name : |
Mrs. Priya Jain |
|
Designation : |
Director |
|
Address : |
HIG 9/4, 9th Cross, KHB Colony, 2nd Stage, Basaveshware
Nagar, Bangalore-560079, Karnataka, India |
|
Date of Birth/Age : |
15.04.1979 |
|
Date of Appointment : |
31.03.2006 |
|
DIN No.: |
00215031 |
|
|
|
|
Name : |
Mrs. Shakuntaka Jain |
|
Designation : |
Director |
|
Address : |
HIG 9/4, 9th Cross, KHB Colony, 2nd Stage,
Basaveshware Nagar, Bangalore-560079, Karnataka, India |
|
Date of Birth/Age : |
21.05.1951 |
|
Date of Appointment : |
31.03.2006 |
|
DIN No.: |
00214936 |
|
|
|
|
Name : |
Mr. Ajay kumar Jain |
|
Designation : |
Director |
|
Address : |
HIG 9/4, 9th Cross, KHB Colony, 2nd Stage,
Basaveshware Nagar, Bangalore-560079, Karnataka, India |
|
Date of Birth/Age : |
10.12.1971 |
|
Date of Appointment : |
31.03.2006 |
|
DIN No.: |
00214854 |
|
|
|
|
Name : |
Ms. Renu Nahar |
|
Designation : |
Director |
|
Address : |
HIG 9/4, 9th cross, KHB Colony, 2nd Stage,
Basaveshwarenagar, Bangalore-560079, |
|
Date of Birth/Age : |
30.11.1975 |
|
Date of Appointment : |
31.03.2006 |
|
DIN No.: |
00215071 |
|
|
|
|
Name : |
Mr. Anand Kumar Jain |
|
Designation : |
Director |
|
Address : |
No.23, 3rd Cross, Central Excise Layout, Vijaya Nagar,
Bangalore – 560040, Karnataka, India |
|
Date of Birth/Age : |
22.01.1948 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02502386 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 17.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Arun Kumar Jain |
|
596000 |
|
Ajay Kumar Jain |
|
632000 |
|
Renu Jain |
|
242000 |
|
Priya Jain |
|
242000 |
|
Shakuntala Jain |
|
135000 |
|
Anand Kumar Jain |
|
570000 |
|
Ajay Kumar Jain (HUF) |
|
125000 |
|
Arun Kumar Jain (HUF) |
|
225000 |
|
Anand Kumar Jain (HUF) |
|
225000 |
|
Riddhi Siddhi Exports Private Limited, India |
|
250000 |
|
|
|
|
|
Total |
|
3242000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
7.71 |
|
Directors or relatives of Directors |
|
92.29 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer in Gold Jewellery and Bullion. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesaler, Retailers and End Users · Pratham Jewels |
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No. of Employees : |
18 (Approximately) |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Bankers : |
·
Bank of India Corporate Banking Branch, No.1, I Floor, BOI Building, No. 11, K G
Road, Bangalore – 560009, Karnataka, India Contact No.: 91-595-2351036 ·
HDFC Bank |
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|
|||||||||||||||||||||
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Facilities : |
|
|||||||||||||||||||||
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H. M. Giriya and Company Chartered Accountant |
|
Address : |
2nd Floor, Keerthi Plaza, Nagarathpet, Bangalore – 560009,
Karnataka, India |
|
Tel. No.: |
91-80-22236942 |
|
Mobile No.: |
91-9341214233 |
|
PAN No.: |
AAYPK8534B |
|
E-Mail : |
CAPITAL STRUCTURE
(AS ON 17.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3242000 |
Equity Shares |
Rs.10/- each |
Rs.32.420
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 |
|
32.420 |
32.420 |
|
(b) Reserves & Surplus |
|
93.047 |
86.467 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
125.467 |
118.887 |
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(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 |
|
95.263 |
87.100 |
|
(b) Trade payables |
|
25.673 |
7.484 |
|
(c) Other current
liabilities |
|
1.328 |
0.183 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
TOTAL |
|
247.731 |
213.654 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
41.319 |
36.966 |
|
(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 |
|
18.122 |
8.380 |
|
(c) Deferred tax assets (net) |
|
0.078 |
0.083 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
7.289 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
1.543 |
1.467 |
|
(b) Inventories |
|
175.062 |
160.447 |
|
(c) Trade receivables |
|
1.059 |
0.020 |
|
(d) Cash and cash
equivalents |
|
2.566 |
5.546 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
0.693 |
0.745 |
|
TOTAL |
|
247.731 |
213.654 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
29.820 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
57.396 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
87.216 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.430 |
|
|
2] Unsecured Loans |
|
|
22.486 |
|
|
TOTAL BORROWING |
|
|
22.916 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
110.132 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
34.900 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.041 |
|
|
DEFERREX TAX ASSETS |
|
|
0.013 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
115.009
|
|
|
Sundry Debtors |
|
|
0.000
|
|
|
Cash & Bank Balances |
|
|
1.039
|
|
|
Other Current Assets |
|
|
9.640
|
|
|
Loans & Advances |
|
|
0.000
|
|
Total
Current Assets |
|
|
125.688 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
42.527
|
|
|
Other Current Liabilities |
|
|
3.092
|
|
|
Provisions |
|
|
5.940
|
|
Total
Current Liabilities |
|
|
51.559
|
|
|
Net Current Assets |
|
|
74.129
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.049 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
110.132 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
811.690 |
553.407 |
|
|
|
|
Other Income |
1.077 |
0.492 |
|
|
|
|
TOTAL (A) |
812.767 |
553.899 |
3347.471 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/(Decrease) in Stock |
(14.616) |
(45.437) |
|
|
|
|
Purchases |
753.607 |
559.104 |
|
|
|
|
Making Charges |
40.094 |
15.024 |
|
|
|
|
Administrative and Other Expenses |
10.742 |
9.391 |
|
|
|
|
TOTAL (B) |
789.827 |
538.082 |
3329.756 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
22.940 |
15.817 |
(Including Interest
and Depreciation) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.036 |
6.191 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.904 |
9.626 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
1.363 |
1.437 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.541 |
8.189 |
17.715 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.961 |
2.518 |
5.952 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6.580 |
5.671 |
11.763 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
20.437 |
14.766 |
3.003 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
27.017 |
20.437 |
14.766 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.03 |
1.75 |
3.94 |
|
%20PRIVATE%20LIMITED%20-%20222202%2017-Jun-2013_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20222202%2017-Jun-2013_files/image002.gif){kind=small}
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
800.000 (due to
fluctuation in the prices of gold) |
Expected Sales (2013-14): Rs.1000.000 Millions.
The above information has been parted by Mr. Arun.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.80
|
0.95 |
0.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.18
|
1.48 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.16
|
3.99 |
11.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.07 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.76
|
0.73 |
0.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48
|
1.78 |
2.44 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
SHORT TERM
BORROWINGS |
|
|
|
Ajay Kumar Jain (HUF) |
4.812 |
3.002 |
|
Ajay Kumar Jain |
0.284 |
0.657 |
|
Anand Kumar Jain (HUF) |
3.329 |
2.392 |
|
Anand Kumar Jain |
1.538 |
0.401 |
|
Arun Kumar Jain (HUF) |
3.460 |
2.534 |
|
Arun Kumar Jain |
1.338 |
0.596 |
|
Priya Jain |
3.769 |
2.848 |
|
Renu Jain |
3.721 |
2.796 |
|
Shakuntala Jain |
3.404 |
2.073 |
|
|
|
|
|
Total |
25.655 |
17.299 |
CHANGE
OF REGISTERED OFFICE:
The Registered Office of the company has been shifted from, No. 591/592,
Avenue Road,
FIXED ASSETS:
· Furniture and Fixture
· Plant and Machinery
· Computer
· Vehicles
· Building (Residential)
· Land (Residential)
· Building (Commercial)
· Land (Commercial)
· Land (KIADB)
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
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.