|
Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
JBM OGIHARA AUTOMOTIVE INDIA LIMITED |
|
|
|
|
Registered
Office : |
610, Hemkunt Chambers, 89, Nehru Place, New Delhi – 110019 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.02.2009 |
|
|
|
|
Com. Reg. No.: |
55-187584 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 220.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100DL2009PLC187584 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCJ1334P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Selling of Steel Stamping and Sub-Assembly Auto
Parts. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 858000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. It has
recorded better growth in its sales and profits during 2012. There appear
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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
|
Source
: CIA |
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 : |
610, Hemkunt Chambers, 89, Nehru Place, New Delhi – 110019, India |
|
Tel. No.: |
91-11-26427104/ 06 |
|
Fax No.: |
91-11-26427100 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office
: |
601, Hemkunt
Chambers, 89, |
|
Tel. No. : |
91-11-26427104 |
|
Fax No.: |
91-11-26427100 |
|
E-Mail : |
DIRECTORS
AS ON 21.09.2012
|
Name : |
Mr. Surendra Arya |
|
Designation : |
Director |
|
Address : |
Neelanchal No. 7,
Bandh Road, Chandan-Hulla, Mehrauli, New Delhi – 110030, India |
|
Date of Birth/Age : |
10.11.1957 |
|
Qualification : |
BSC |
|
Date of Appointment : |
13.02.2009 |
|
DIN No.: |
00004626 |
|
|
|
|
Name : |
Mr. Nishant Arya |
|
Designation : |
Director |
|
Address : |
Neelanchal No.
7, Bandh Road, Chandan-Hulla, Mehrauli, New Delhi – 110030, India |
|
Date of Birth/Age : |
01.11.1986 |
|
Qualification : |
B.B.A |
|
Date of Appointment : |
13.02.2009 |
|
DIN No.: |
00004954 |
|
|
|
|
Name : |
Mr. Hans Raj Saini |
|
Designation : |
Director |
|
Address : |
H. No. 160, Sector 14, Faridabad – 121007, Haryana, India |
|
Date of Birth/Age : |
01.03.1938 |
|
Qualification : |
B.E |
|
Date of Appointment : |
13.02.2009 |
|
DIN No.: |
00004665 |
|
|
|
|
Name : |
Mr. Anand Swaroop Khandelwal |
|
Designation : |
Director |
|
Address : |
C-5A/ 14, 2nd Floor, Janakpuri, New Delhi – 110058, India |
|
Date of Birth/Age : |
07.10.1960 |
|
Qualification : |
CA |
|
Date of Appointment : |
21.09.2009 |
|
DIN No.: |
00004816 |
|
|
|
|
Name : |
Mr. Hiroshi Morita |
|
Designation : |
Director |
|
Address : |
231, Latkrabang Industrial Estate Zone 3, Chalongkrung Road,
Lamplathew, Latkrabang, Bangkok 10520, Thailand |
|
Date of Birth/Age : |
15.02.1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
02.07.2009 |
|
DIN No.: |
02653966 |
|
|
|
|
Name : |
Mr. Thanathorn Juangroongruangkit |
|
Designation : |
Director |
|
Address : |
157 Lakeside Villa II, Pravej, Thailand – 10, Bangkok |
|
Date of Birth/Age : |
20.11.1978 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
21.09.2009 |
|
DIN No.: |
01474342 |
|
|
|
|
Name : |
Channarong Lelanapaparn |
|
Designation : |
Director |
|
Address : |
69-67, Moo 3 Dokmai Pravej, Bangkok 10250 |
|
Date of Birth/Age : |
22.01.1952 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
28.03.2012 |
|
DIN No.: |
01474289 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.09.2012
|
Names of Shareholders |
No. of Shares |
|
Surendra Kumar Arya |
1 |
|
Nishant Arya |
1 |
|
Hans Raj Saini |
1 |
|
Anand Swaroop |
1 |
|
Naresh Kumar Goel |
1 |
|
JBM Auto Limited, India |
11219994 |
|
ANS Holding Limited, India |
1 |
|
Ogihara (Thailand) Company Limited, Bangkok |
10780000 |
|
Total |
22000000 |
AS ON 21.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
49.00 |
|
Bodies
corporate |
|
50.99 |
|
Directors
or relatives of directors |
|
0.01 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Steel Stamping and Sub-Assembly Auto
Parts. |
||||
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|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
Ø Axis Bank
Limited, 2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi -
110001, India Ø Axis Bank Limited,
4/10, OPG House, Asaf Ali Road, New Delhi - 110002, India |
||||||||||||||||||
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||||||||||||||||||
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Facilities : |
|
||||||||||||||||||
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mehra Goel and
Company Chartered Accountants |
|
Address : |
505 Chiranjiv
Tower, 43 Nehru Place, New Delhi – 110019, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAACM7589F |
|
|
|
|
Holding company : |
JBM Auto Limited [L74899DL1996PLC083073] |
|
|
|
|
Joint venture : |
Ogihara
(Thailand) Company |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their relatives : |
JBM Auto System
Private Limited [U34300TN1998PTC046810] |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 220.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 220.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
220.000 |
176.000 |
81.632 |
|
|
2] Share Application Money |
0.000 |
21.560 |
38.367 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(5.455) |
(17.431) |
0.000 |
|
|
NETWORTH |
214.545 |
180.129 |
119.999 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
285.318 |
180.517 |
50.000 |
|
|
2] Unsecured Loans |
1.528 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
286.846 |
180.517 |
50.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
501.391 |
360.646 |
169.999 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
512.583 |
309.401 |
3.447 |
|
|
Capital work-in-progress |
0.000 |
16.584 |
128.764 |
|
|
Expenditure pending allocation |
0.000 |
0.000 |
22.651 |
|
|
|
|
|
|
|
|
INVESTMENT |
9.874 |
9.452 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
31.654
|
32.494 |
2.845 |
|
|
Sundry Debtors |
105.513
|
42.647 |
0.000 |
|
|
Cash & Bank Balances |
1.866
|
45.126 |
21.679 |
|
|
Other Current Assets |
37.958
|
23.126 |
0.000 |
|
|
Loans & Advances |
6.488
|
26.995 |
183.766 |
|
Total
Current Assets |
183.479
|
170.388 |
208.290 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
104.028
|
71.317 |
13.310 |
|
|
Other Current Liabilities |
97.422
|
72.897 |
180.911 |
|
|
Provisions |
3.095
|
0.965 |
0.000 |
|
Total
Current Liabilities |
204.545
|
145.179 |
194.221 |
|
|
Net Current Assets |
(21.066)
|
25.209 |
14.069 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
1.068 |
|
|
|
|
|
|
|
|
TOTAL |
501.391 |
360.646 |
169.999 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
706.917 |
297.416 |
0.000 |
|
|
|
Other Income |
0.894 |
0.380 |
0.000 |
|
|
|
TOTAL (A) |
707.811 |
297.796 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
519.937 |
274.572 |
0.000 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(3.568) |
(2.960) |
0.000 |
|
|
|
Employee benefit expense |
63.959 |
21.830 |
0.000 |
|
|
|
Other expenses |
49.000 |
16.430 |
0.000 |
|
|
|
TOTAL (B) |
629.328 |
309.872 |
0.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
78.483 |
(12.076) |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
37.885 |
7.227 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
40.598 |
(19.303) |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
29.045 |
7.579 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
11.553 |
(26.882) |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.423) |
(9.451) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
11.976 |
(17.431) |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
0.57 |
(1.31) |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.69
|
(5.85) |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.63
|
(9.04) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.66
|
(5.60) |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
(0.15) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.34
|
1.00 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90
|
1.17 |
1.07 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Working capital loans from banks |
1.528 |
0.000 |
|
Total |
1.528 |
0.000 |
Note: The registered
address of the company has been shifted from 703-B, Hemkunt Chambers, 89, Nehru
Place, New Delhi – 110019, India to the present w.e.f. 31.03.2011
OPERATIONS
The gross turnover
of the Company for the financial year ended 31st March 2012 was Rs. 785.800
Millions as compared to Rs. 327.800 Millions in the previous year, an increase
of 140% in turnover.
The profit before
tax was Rs. 11.600 Millions as compared to a loss of Rs. 26.900 Millions in the
previous year. The profit after tax was Rs. 12.000 Millions as compared to a
loss of Rs. 17.400 Millions in the previous year.
The Company operated for the whole year during the period.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U27100DL2009PLC187584 |
|
Name of the
company |
JBM OGIHARA
AUTOMOTIVE INDIA LIMITED |
|
Address of the registered
office or of the principal place of
business in |
610, Hemkunt Chambers, 89, Nehru Place, New Delhi – 110019, India Email: skartik@jbm.co.in |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10207556 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Axis Bank Limited, 2nd Floor, Statesman House, 148, Barakhamba Road,
New Delhi - 110001, India Email: f8.axisbank@gmail.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Supplementary
memorandum of agreement evidencing constructive delivery of title deeds. |
|
Date of instrument
Creating the charge |
04.07.2012 |
|
Amount secured by
the charge |
Rs. 100.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction letter
no. Axisb/SME/center Delhi II/2011-12/16555 dated 31.03.2012 to be amended
from time to time. Terms of Repayment As per sanction
Letter No. Axisb/SME/center Delhi II/2011-12/16555 dated 31.03.2012 to be
amended from time to time. Margin As per sanction
Letter No. Axisb/SME/center Delhi II/2011-12/16555 dated 31.03.2012 to be
amended from time to time. Extent and Operation of the charge Extent and
Operation - 100% Others The above is to
secure the following credit facilities :- Cash Credit = Rs. 60.000 Millions WCDL/FCDL = (Rs. 60.000 Millions) Bank
Guarantee = (Rs. 60.000
Millions) Letter of
Credit = Rs. 40.000 Millions LER on Forward
Contracts = (Rs. 7.500 Millions) Full interchangeability from Fund Based WC limits to NFB limits. |
|
Short particulars
of the property charged |
Hypothecation by
way of first charge over entire current assets of the company and extension
of charge over entire movable fixed assets of the company both present and
future stored or to be stored
at the company's godowns or premises situated at Plot No. 1, Bidadi
Industrial Area, Ramnagar, Karnataka or wherever else the same may be. |
|
Date of
Modification |
20.06.2012 |
|
Particulars of
the present modification |
Enhanced WCF of
Rs. 100.000 Millions shall now also be secured by co's imm. Prop. I.e.
Industrial land bearing Plot No: 01, Bidadi Industrial Area, Ramanagar Dist,
now bearing Khata No. 796, issued by Manchanayakahlli Village Panchayath
Meas. 17.49.472.658 sq mtrs and a portion of land located at the eastern side
of schedule a property meas. 210627 sq feet or 19575 sq mtrs along with water
and electricity connections together with all buildings, p/mach., f/fixtures,
equipments therein/to be therein. |
FIXED ASSETS
Ø
Vehicles
Ø
Furniture and Fixture
Ø
Office Equipment
Ø
Computers
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. 54.16 |
|
|
1 |
Rs. 81.74 |
|
Euro |
1 |
Rs. 70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
26 |
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.