1. Summary Information
|
|
|
Country |
India |
|
Company Name |
JEWEL
INTERNATIONAL PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajiv Hasija |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Nisha Hasija |
|
|
|
Registration # |
55-216317 |
|
Street Address |
10169/6, 1st
Floor, Jewel House, Katra Chhaju Pandit, Filmistan, New Delhi – 110005, India
|
||
|
Established Date |
22.03.2011 |
SIC Code |
-- |
|
Telephone# |
91-11-23547400 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-23547400 |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Plastic Pipes |
|
|
# of employees |
17
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 70,447,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors = 100.00% |
Banking |
State
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
2 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Influenced by key management |
-- |
Jewel Overseas Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
317,644,000 |
Current Liabilities |
63,315,000 |
|
Inventories |
108,159,000 |
Long-term Liabilities |
289,654,000 |
|
Fixed Assets |
1,470,000 |
Other Liabilities |
3,685,000 |
|
Deferred Assets |
35,000 |
Total Liabilities |
356,654,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
206,000 |
|
|
|
Net Worth |
70,654,000 |
|
Total Assets |
427,308,000 |
Total Liab. & Equity |
427,308,000 |
|
Total Assets (Previous Year) |
602,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales Turnover
(Approximately) |
980,000,000 |
Net Profit |
2,670,000 |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
(7,000) |
MIRA
INFORM REPORT
|
Report Date : |
05.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
JEWEL INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
JEWEL POLYMERS |
|
|
|
|
Registered
Office : |
10169/6, 1st Floor, Jewel House, Katra Chhaju Pandit,
Filmistan, New Delhi – 110005 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.03.2011 |
|
|
|
|
Com. Reg. No.: |
55-216317 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.70.447 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL2011PTC216317 |
|
|
|
|
IEC No.: |
0511011733 |
|
|
|
|
TIN No.: |
07220396790 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCJ5561E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Plastic Pipes |
|
|
|
|
No. of Employees
: |
17 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 280000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of proprietory concern started in the year 1986
with the name “Jewel Polymers”. And later in the year March 2011 it got converted in private limited
company. It is having a moderate track record. The external borrowing appears
to be huge. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealing with great
caution. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Cash Credit = B |
|
Rating Explanation |
Having high risk of default regarding timely servicing of financial
obligation |
|
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.
INFORMATION PARTED BY
|
Name : |
Mr. Rajiv Hasija |
|
Designation : |
Director |
|
Contact No.: |
91-9811032284 |
|
Date : |
12.02.2013 |
LOCATIONS
|
Registered Office : |
10169/6, 1st Floor, Jewel House, Katra Chhaju Pandit,
Filmistan, New Delhi – 110005 |
|
Tel. No.: |
91-11-23547400 |
|
Mobile No.: |
91-9811032284 (Mr. Rajiv Hasija) |
|
Fax No.: |
91-11-23547400 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Kundli, Sonipat, Haryana, India |
|
|
|
|
Branch Office : |
C-636, DISIDC Industrial park, Narela, Delhi – 110040, India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Rajiv Hasija |
|
Designation : |
Director |
|
Address : |
B-17 Tagore Road Adarsh Nagar, Delhi, India |
|
Date of Birth/Age : |
01.03.1962 |
|
Date of Appointment : |
22.03.2011 |
|
Pan No. : |
AAWPH4341R |
|
DIN No.: |
Director |
|
|
|
|
Name : |
Mrs. Nisha Hasija |
|
Designation : |
Director |
|
Address : |
B-17 Tagore Road Adarsh Nagar, Delhi, India |
|
Date of Birth/Age : |
28.08.1965 |
|
Date of Appointment : |
22.03.2011 |
|
Pan No. : |
AACPH1632B |
|
DIN No.: |
02491939 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Rajiv Hasija |
|
5424700 |
|
Nisha Hasija |
|
970000 |
|
Entity Trade links Private Limited, India |
|
650000 |
|
Total |
|
7044700 |
As on 30.09.2011
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 and Trader of Plastic Pipes |
|
|
|
|
Imports : |
|
|
Products : |
Plastic Pipes |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit (30 Days) |
|
|
|
|
Purchasing : |
Cash / Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
Retailers and Others |
|||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||
|
No. of Employees : |
17 (Approximately) |
|||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||
|
Bankers : |
·
Ing Vysya Limited, Delhi, India ·
State Bank of India, 233, Okhla I. E., Okhla,
Phase Iii, New Delhi – 110020, India |
|||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S K Kapoor and Associates Chartered Accountants |
|
Address : |
38/3936, 2nd Floor, Padam Singh Road, Karol Bagh, New Delhi-110005, India |
|
Tel. No.: |
91-11-25815490 / 45034149 |
|
Mobile No.: |
91-9810050307 / 9310050308 |
|
Fax No.: |
91-11-45034149 |
|
PAN.: |
AAGPK8249K |
|
|
|
|
Relationships
Enterprises owned or significantly |
Sahil Poly Plast Private Limited |
|
|
|
|
Influenced by key
management |
Jewel Overseas Private Limited |
|
|
|
|
Personnel or their
relatives |
Kushal Pipes |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs.10/- each |
Rs.75.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7044700 |
Equity Shares |
Rs.10/- each |
Rs.70.447
Millions |
|
|
|
|
|
Disclosure of
shareholding more than five per cent in company
|
Name of shareholder |
Number of shares held in company |
Percentage of shareholding in company |
|
Rajiv Hasija |
54,24,700 |
77.00% |
|
Nisha Hasija |
9,70,000 |
13.77% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
70.447 |
0.100 |
|
|
2] Share Application Money |
|
0.001 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.206 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
(0.007) |
|
|
NETWORTH |
|
70.654 |
0.093 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
280.325 |
0.000 |
|
|
2] Unsecured Loans |
|
9.329 |
0.000 |
|
|
TOTAL BORROWING |
|
289.654 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
360.308 |
0.093 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.470 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.035 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
108.159
|
0.000 |
|
|
Sundry Debtors |
|
271.285
|
0.000 |
|
|
Cash & Bank Balances |
|
2.303
|
0.098 |
|
|
Other Current Assets |
|
2.253
|
0.504 |
|
|
Loans & Advances |
|
41.803
|
0.000 |
|
Total
Current Assets |
|
425.803
|
0.602 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
42.085
|
0.000 |
|
|
Other Current Liabilities |
|
21.230
|
0.509 |
|
|
Provisions |
|
3.685
|
0.000 |
|
Total
Current Liabilities |
|
67.000
|
0.509 |
|
|
Net Current Assets |
|
358.803
|
0.093 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
360.308 |
0.093 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
980.000 |
NA |
|
|
|
Other Income |
|
NA |
NA |
|
|
|
TOTAL |
|
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
2.670 |
(0.007) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
0.38 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
4.10 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
6.36 |
1.18 |
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 |
No |
|
4] |
Premises details |
Yes |
|
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 one year |
Yes |
|
12] |
Profitability for last two 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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 LOAN
Rs.
In Millions
|
|
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Short-term
Borrowings |
|
|
|
Loans repayable on demand from others |
9.329 |
0.000 |
|
Total |
9.329 |
0.000 |
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U74999DL2011PTC216317 |
|
Name of the
company |
JEWEL
INTERNATIONAL PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
10169/6, 1st Floor, Jewel House, Katra Chhaju Pandit,
Filmistan, New Delhi – 110005, India |
|
This form is for |
Creation of charge |
|
Type of charge |
· Immovable property · Book debts · Movable property (not being pledge) · Floating charge ·
Others (Personal Guarantee Of Directors) |
|
Particular of
charge holder |
State Bank of India, 233, Okhla I. E., Okhla, Phase Iii, New Delhi – 110020, India |
|
Nature of
instrument creating charge |
(I) Agreement of loan - cum - hypothecation (ii) Letter of arrangement |
|
Date of
instrument Creating the charge |
08.07.2011 |
|
Amount secured by
the charge |
Rs.303.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate 3.00% margin above the Base Rate which is presently 9.25% p.a. Present
effective rate: 12.25% p.a. Terms of Repayment Repayable on
demand subject to review after every 12 months when it may be
cancelled/reduced depending on the conduct and utilization of the advance. Margin Raw Material/semi
- finished goods/finished goods - 25% Receivables - 40% Letter of Credit
- 20% Extent and Operation of the charge 100% Others The above is to
secure the credit facilities of Rs 303.000 Millions i.e. Cash Credit (Hyp and
Book Debts) Rs 150.000 Millions, Letter of Credit Rs.150.000 Millions and
Forward Contract of Rs.3.000 Millions granted by the Bank to the company. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Primary Security - All present & future current assets including stock of raw material, store, spares, stock in process, finished goods and all present and future book debts cheques / receivables. Collateral Security - Freehold residential property at C-1 and C-2 (621 SqY) consisting of basement, GF,FF,SF with roof rights formerly known as Plot No 31,Raj Pur Road, Civil Lines, Delhi-54 Personal Guarantee of Directors: 1. Shri Rajiv Hasija S/o Sh. Lok Nath Hasija 2. Smt. Nisha Hasija w/o Sh. Rajiv Hasija |
FIXED ASSETS
· Buildings
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Other 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.55.05 |
|
|
1 |
Rs.82.75 |
|
Euro |
1 |
Rs.71.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
|
27 |
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.