MIRA INFORM REPORT
|
Report Date : |
27.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
JSK INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
9 A.K. Naik Marg, Near Empire Cinema, CST (VT), Mumbai - 400001,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.09.2005 |
|
|
|
|
Com. Reg. No.: |
11-156332 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.146.515
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2005PTC156332 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ11408F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ5937F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading in Aluminium Products and Conductors. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 |
ICRA |
|
Rating |
Long term rating : (ICRA) BBB |
|
Rating Explanation |
Having moderate degree of safety regarding timely
servicing of financial obligation it carry moderate credit risk. |
|
Date |
February 2013 |
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 : |
9 A.K. Naik Marg, Near Empire Cinema, CST (VT), Mumbai - 400001,
Maharashtra, India |
|
Tel. No.: |
91-22-66550777/ 66253700 |
|
Fax No.: |
91-22-66550780 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Factory 1 : |
Survey No. 369/1/2, Behind Siyaram Silk Mills Limited, Village Sayli,
Silvassa-396230, Dadra and Nagar Haveli, India |
|
|
|
|
Factory 2 : |
Survey No. 126/1, Near Rakholi School, Rakholi, Silvassa-396240, Dadra
and Nagar Haveli, India |
|
|
|
|
Branch Office: |
002, Kanchandeep, Satellite Road, Nehrunagar, Ahmedabad -
380015, Gujarat, India |
|
Tel. No.: |
91-79-26302658/ 65423222 |
|
Fax No.: |
91-79-26303183 |
|
E-Mail : |
DIRECTORS
AS ON 28.12.2012
|
Name : |
Mr. Anish Dineshchandra Shah |
|
Designation : |
Director |
|
Address : |
303/A-Wing, Chandanbala Apartments, RR Thakkar Marg, Off Ridge Road, Walkeshwar, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
07.11.1976 |
|
Date of Appointment : |
29.09.2005 |
|
PAN No.: |
AAHPS8002P |
|
DIN No.: |
00466560 |
|
|
|
|
Name : |
Mr. Kalpesh Dineshchandra Shah |
|
Designation : |
Director |
|
Address : |
303/A-Wing, Chandanbala Apartments, RR Thakkar Marg, Off Ridge Road, Walkeshwar, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1975 |
|
Date of Appointment : |
26.09.2005 |
|
PAN No.: |
ALCPS8039E |
|
DIN No.: |
01546268 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.12.2012
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sunandaben D. Shah |
700000 |
4.78 |
|
Kalpesh D. Shah |
288980 |
1.97 |
|
Kalpesh D. Shah HUF |
840000 |
5.74 |
|
Keval K Shah (Minor) |
980000 |
6.69 |
|
Anish D. Shah |
848980 |
5.79 |
|
Anish D. Shah HUF |
1260000 |
8.60 |
|
Hetal A. Shah |
1260000 |
8.60 |
|
Prayagchand Ashok kumar Private Limited, India |
2850090 |
19.45 |
|
Eklavaya Management Services Private Limited, India |
2817733 |
19.23 |
|
Purak Trading Private Limited, India |
2805743 |
19.15 |
|
|
|
|
|
Total |
14651526 |
100.00 |
AS ON 28.12.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
57.83 |
|
Directors or relatives of Directors |
42.17 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading in Aluminium Products and Conductors. |
||||
|
|
|
||||
|
Products : |
v Aluminium Sheets
v Aluminium Plates v Aluminium Coils v Aluminium Foils v Aluminium Wires v Aluminium Ingots v Aluminium Conductors v Aluminium Extrusions |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Installed
Capacity |
Actual
Production |
|
Finished Goods [Own] |
155244.000 |
69406 |
|
Finished Goods [For Own Consumption] |
-- |
41692.10 |
|
Finished Goods [Conversion For Others] |
-- |
8521.72 |
|
Capacity Utilization [%]* |
-- |
77.05 |
NOTE:
v Installed capacity
is as certified by the management and accepted by auditors being a technical
matter.
v
* Capacity Utilization has been worked out on
proportionate installed capacity based on dates of Installations
GENERAL INFORMATION
|
Customers : |
v Reliance Industries Limited v Essar Steel v Crompton Greaves v Popular
Switchgears Private Limited |
|||||||||||||||||||||
|
|
|
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|
No. of Employees : |
Not Available |
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
Bankers : |
v State Bank of
India, Commercial Branch, N.G.N. Vaidya Marg, Mumbai-400023, Maharashtra,
India v
State
Bank of Patiala, Commercial Branch, Atalanta, First Floor, Nariman Point,
Mumbai-400021, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
MZS and Associates Chartered Accountants |
|
Address : |
The Rubby Level-9, North West Wing, Senapati Bapat Marg, Dadar (West), Mumbai - 400023, Maharashtra, India |
|
PAN No.: |
AAFKM2006L |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14651526 |
Equity Shares |
Rs.10/- each |
Rs.146.515
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 |
|
146.515 |
140.000 |
|
(b) Reserves & Surplus |
|
859.120 |
369.238 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
1005.635 |
509.238 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.302 |
159.949 |
|
(b) Deferred tax liabilities (Net) |
|
54.988 |
50.191 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
1.822 |
1.387 |
|
Total
Non-current Liabilities (3) |
|
57.112 |
211.527 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
447.107 |
790.643 |
|
(b)
Trade payables |
|
1644.629 |
1929.143 |
|
(c)
Other current liabilities |
|
74.519 |
160.111 |
|
(d)
Short-term provisions |
|
10.463 |
37.165 |
|
Total
Current Liabilities (4) |
|
2176.718 |
2917.062 |
|
|
|
|
|
|
TOTAL |
|
3239.465 |
3637.827 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
726.313 |
449.171 |
|
(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 |
|
3.309 |
3.309 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
40.297 |
21.738 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
769.919 |
474.218 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
845.396 |
887.725 |
|
(c)
Trade receivables |
|
776.020 |
1376.485 |
|
(d)
Cash and cash equivalents |
|
357.099 |
279.629 |
|
(e)
Short-term loans and advances |
|
467.594 |
596.992 |
|
(f)
Other current assets |
|
23.437 |
22.778 |
|
Total
Current Assets |
|
2469.546 |
3163.609 |
|
|
|
|
|
|
TOTAL |
|
3239.465 |
3637.827 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
140.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
250.705 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
390.705 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
249.276 |
|
|
2] Unsecured Loans |
|
|
271.164 |
|
|
TOTAL BORROWING |
|
|
520.440 |
|
|
DEFERRED TAX LIABILITIES |
|
|
42.110 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
953.255 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
424.312 |
|
|
Capital work-in-progress |
|
|
21.452 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
5.500 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
531.259 |
|
|
Sundry Debtors |
|
|
1102.842 |
|
|
Cash & Bank Balances |
|
|
345.050 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
248.454 |
|
Total
Current Assets |
|
|
2227.605 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1642.347 |
|
|
Other Current Liabilities |
|
|
23.267 |
|
|
Provisions |
|
|
60.000 |
|
Total
Current Liabilities |
|
|
1725.614 |
|
|
Net Current Assets |
|
|
501.991 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
953.255 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8937.664 (Gross) |
7404.435 (Gross) |
4980.643 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
210.660 |
193.692 |
274.670 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
22.517 |
24.584 |
20.802 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
188.143 |
169.108 |
253.868 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
41.142 |
50.575 |
69.467 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
147.001 |
118.533 |
184.401 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Material Cost |
NA |
423.088 |
754.891 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.50 |
8.47 |
13.17 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
5.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.81
|
4.65
|
9.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.33
|
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.44
|
1.87
|
1.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
1.08
|
1.29 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
The Scheme of amalgamation
is presented as an integrated and complete scheme of
Amalgamation of Nivedan Distributors Private Limited, with its JSK Industries Private Limited and It’s Shareholders, pursuant to section 391 to 394 and other relevant provisions of the Companies Act, 1956.
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
446.922 |
342.503 |
|
Total |
446.922 |
342.503 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U27100MH2005PTC156332 |
|
Name of the
company |
JSK INDUSTRIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
9 A.K. Naik Marg, Near Empire Cinema, CST (VT), Mumbai-400001,
Maharashtra, India Email: jsk@jskindia.in |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
State Bank of
Patiala, Commercial Branch, Atalanta, First Floor, Nariman Point,
Mumbai-400021, Maharashtra, India Email: sbop313@gmail.com |
|
Nature of
instrument creating charge |
Deed of
hypothecation of goods and assets dated 14th March, 2012. |
|
Date of
instrument Creating the charge |
14.03.2012 |
|
Amount secured by
the charge |
Rs. 1391.500
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest 4.50% above Base
Rate for CC limit and Term Loan. Terms of Repayment Working Capital
facilities sectioned are valid for a period of one year. The facilities
repayable on Demand. Margin Cash Credit : Raw Material-
Domestic and Imported : 25% SIP
: 25% FG
: 25% Receivables
(cover 90 Days) : 25% Letter of
Credit
:10% BG
: 05% Extent and Operation of the charge 1. Primary
Security : 1st pari passu
hypothecation charge on Company entire current assets with other Working
Capital banks 2. Collateral
Security : 2nd pari passu charge on the Company entire fixed
assets on pari passu basis with other WC Consortium banks 3. Guarantee : Shri Anish D.
Shah for Rs.19.300 millions Shri. Kalpesh D.
Shah for Rs.11.600 millions Others Credit Facilities
aggregating to Rs. 1391.500 millions consist of; Fund based
Working Capital Cash Credit limit of Rs.170.000 millions. Non fund based
Letter of Credit limit of Rs.760.000 millions. Non fund based
Bank Guarantee limit of Rs.460.000 millions. Term Loan
outstanding Balance of Rs. 1.500 millions. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
1st pari-passu
hypothecation charge on Company's entire current assets with other Working
Capital banks for Working Capital 2nd
pari-passu hypothecation charge on Company's entire fixed assets on
pari-passu basis with other WC Consortium banks for Working Capital |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2012 (Rs. in
millions) |
|
|
|
|
Bank Guarantees given |
2235.775 |
|
|
|
FIXED ASSETS
v Land
v Buildings
v Plant and equipment
v Furniture and fixtures
v Vehicles
v Office equipment
v Computer equipments
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. 59.85 |
|
|
1 |
Rs. 92.31 |
|
Euro |
1 |
Rs. 78.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.