1. Summary Information
|
Country |
|
||
|
Company Name |
J S AUTO CAST FOUNDRY INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Subramaniam Jeevanantham |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Jeevanantham Shanthinimala |
|
Registration # |
18-011284 |
||
|
Street Address |
SF No 165/1 Sembagounddenpudur, Kuppepalayam Coimbatore – 641107, |
||
|
Established Date |
20.08.2004 |
SIC Code |
-- |
|
Telephone# |
91-422-2653758 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-422-2654753 |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
Graded Green Sand Mould
Ductile |
|
|
# of employees |
Not Available |
Product Name 2 |
Gray Iron (Ferrous)
Machine Components |
|
Paid up capital |
Rs.20,597,680/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Axis Bank
Limited |
|
Public Limited Corp. |
No |
Business Period |
9 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
-- |
Sakthi Auto Ancillary Private Limited |
--- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
84,385,000 |
Current Liabilities |
70,850,000 |
|
Inventories |
12,382,000 |
Long-term Liabilities |
111,528,000 |
|
Fixed Assets |
181,585,000 |
Other Liabilities |
22,849,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
205,227,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
52,527,000 |
|
|
|
Net Worth |
73,125,000 |
|
Total Assets |
278,352,000 |
Total Liab. & Equity |
278,352,000 |
|
Total Assets (Previous Year) |
198,561,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
537,727,000 |
Net Profit |
23,049,000s |
|
Sales(Previous yr) |
409,613,000 |
Net Profit(Prev.yr) |
5,389,000 |
MIRA INFORM REPORT
|
Report Date : |
28.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
J S AUTO CAST FOUNDRY INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
SF No 165/1 Sembagounddenpudur, Kuppepalayam Coimbatore – 641107,
Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.08.2004 |
|
|
|
|
Com. Reg. No.: |
18-011284 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.598 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310TZ2004PTC011284 |
|
|
|
|
PAN No.: [Permanent Account No.] |
U27310TZ2004PTC011284 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the manufacture and supply of graded green sand
mould ductile and gray iron (ferrous) machined components. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 293000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The profitability of the company has increased during 2012. Trade relations are reported as fair. Business is active. Payment
terms are usually correct. The company can be considered normal business dealings at usually
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 – 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB+ (Long Term Rating) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
28 August 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/ Factory : |
SF No 165/1 Sembagounddenpudur, Kuppepalayam Coimbatore – 641107, |
|
Tel. No.: |
91-422-2653758/ 2653787 |
|
Mobile No.: |
91-9788851019 (P Vijaya Kumar) 91-9788851016 (S. Gnanasekaran |
|
Fax No.: |
91-422-2654753 |
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E-Mail : |
|
|
Website : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Subramaniam Jeevanantham |
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|
Designation : |
Managing director |
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|
Address : |
No:B-20, |
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Date of Birth/Age : |
25.02.1968 |
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Date of Appointment : |
01.10.2008 |
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DIN No.: |
00004167 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Jeevanantham Shanthinimala |
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|
Designation : |
Whole-time director |
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Address : |
No:B-20, |
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Date of Birth/Age : |
21.06.1968 |
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|
Date of Appointment : |
01.10.2008 |
||||||||||||||||||||||||||||||||||||
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DIN No.: |
00004156 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Subramaniam Jeevanantham |
1048268 |
50.89% |
|
Jeevanantham Shanthinimala |
209000 |
10.15% |
|
P. Sundaramala |
248000 |
12.04% |
|
R. Palanimuthu |
334500 |
16.24% |
|
S. Subramanlam |
200000 |
9.71% |
|
D. Dhanalakshmi |
20000 |
0.97% |
|
Total |
2059768 |
100% |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacture and supply of graded green sand
mould ductile and gray iron (ferrous) machined components. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
Actual
Production |
|
MF |
Qty |
111144 |
|
Case |
Qty |
118409 |
|
Accent Manifold |
Qty |
19069 |
|
PA Kappa |
Qty |
53305 |
|
PB Kappa |
Qty |
187008 |
|
Manifold Exhaust PA Episition |
Qty |
30828 |
|
Spindle RH 6080020 |
Qty |
39425 |
|
Spindle RH 6080010 |
Qty |
38380 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
|
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|
Bankers : |
·
Axis Bank Limited, 1095, ·
Indian Bank, R S Puram Branch, 188-189, D B Road,
Coimbatore – 641002, Tamilnadu, India ·
ICICI Bank, ·
HDFC Bank ·
ABN Amro ·
Citi Bank ·
Kotak Mahindra Bank |
||||||||||||||||||||||||||||||||||||||||||||||
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|
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Facilities : |
Note : i)
Term loan availed from IOB are secured by
hypothecation of Plant and Machinery and are collaterally secured by mortgage
of all the immovable properties owned by the company. Further the loans are
secured by the mortgage of the immovable le properties owned by a director of
the company and by the personal guarantee of the Director. ii)
The vehicle loans are secured by the vehicle for
the purchase of which the loan was availed. iii)
Working capital loans from bank are primarily secured
by the hypothecation of the current assets of the company and by the mortgage
of the immovable properties owned by the company. Further the loans are
secured by the mortgage of the immovable le properties owned by a director of
the company and by the personal guarantee of the Director
|
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Banking
Relations : |
- |
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Financial
Institution : |
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|
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Auditors : |
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|
Name : |
V Chandramouli Chartered Accountants |
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Address : |
339, Variety Hall Road, Opposite Central Bank of |
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PAN.: |
AAMPC4992K |
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|
|
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Associates : |
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
2250000 |
Equity Shares |
Rs.10/- each |
Rs.22.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
2059768 |
Equity Shares |
Rs.10/- each |
Rs.20.598
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 |
20.598 |
20.598 |
20.598 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
52.527 |
29.479 |
24.089 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
73.125 |
50.077 |
44.687 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
46.558 |
64.580 |
33.499 |
|
|
2] Unsecured Loans |
64.970 |
25.000 |
22.500 |
|
|
TOTAL BORROWING |
111.528 |
89.58 |
55.999 |
|
|
DEFERRED TAX LIABILITIES |
15.713 |
12.603 |
10.299 |
|
|
|
|
|
|
|
|
TOTAL |
200.366 |
152.260 |
110.985 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
181.585 |
127.337 |
105.276 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12.382
|
11.601
|
11.359 |
|
|
Sundry Debtors |
63.511
|
39.228
|
22.348 |
|
|
Cash & Bank Balances |
4.098
|
6.658
|
3.133 |
|
|
Other Current Assets |
0.040
|
0.000
|
0.000 |
|
|
Loans & Advances |
16.736
|
13.677
|
25.017 |
|
Total
Current Assets |
96.767
|
71.164
|
61.857 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
46.972
|
41.900
|
50.522 |
|
|
Other Current Liabilities |
23.878
|
2.545
|
4.236 |
|
|
Provisions |
7.136
|
1.856
|
1.471 |
|
Total
Current Liabilities |
77.986
|
46.301
|
56.229 |
|
|
Net Current Assets |
18.781
|
24.863
|
5.628 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.060 |
0.081 |
|
|
|
|
|
|
|
|
TOTAL |
200.366 |
152.260 |
110.985 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
537.727 |
409.613 |
320.894 |
|
|
|
Other Income |
0.628 |
2.113 |
0.692 |
|
|
|
TOTAL (A) |
538.355 |
411.726 |
321.586 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
459.291 |
372.104 |
289.018 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
79.064 |
39.622 |
32.568 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
27.487 |
20.150 |
15.247 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
51.577 |
19.472 |
17.321 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
18.272 |
9.951 |
8.651 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
33.305 |
9.521 |
8.670 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.256 |
4.132 |
2.640 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
23.049 |
5.389 |
6.030 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.19 |
2.62 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.28
|
1.31
|
1.88 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.19
|
2.32
|
2.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.97
|
4.80
|
5.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.46
|
0.19
|
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.53
|
1.79
|
1.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
1.54
|
1.10 |
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 |
Yes |
NOTE: Registered
office of the company has been shifted from
UNSECURED LOAN
|
Particulars |
As on 31.03.2011 (Rs. in
Millions) |
|
Trade Deposit |
14.000 |
|
Other Deposit |
11.000 |
|
Total |
25.000 |
OPERATION:
During the year ended 31st March 2012, the company’s revenue from
operation has increased from Rs. 410.900 Millions to Rs. 537.700 Millions
registering a consistent growth of 31% on year on year basis.
Deposit unfavorable market conditions, the growth of the company are
considered to be vary impressive.
In 2011-12, due to effective cost control measures carries out by the
company, the profit before tax has gone up to Rs. 33.305 Millions from Rs 9.521
Millions, and profit after tax gone up to Rs. 23.049 Millions for the year
ended 31.03.2012 as against Rs. 5.389 Millions in the earlier year and the
director considered the performance of the company to be excellent.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U27310TZ2004PTC011284 |
|
Name of the company |
J S AUTO CAST FOUNDRY INDIA PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
SF No 165/1 Sembagounddenpudur, Kuppepalayam Coimbatore – 641107, |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10386827 |
|
Type of charge |
Immovable property Book Debts Others |
|
Particular of charge holder |
ICICI Bank, |
|
Nature of instrument creating charge |
No Instrument was executed but a Mortgage by Deposit of Title Deeds
was created on 05.04.2013 in favour of J S Auto Cast Foundry India Private Limited
by deposit of Title Deeds with ICICI Bank Limited in respect of immoveable
properties detailed in the Attachment to this Form. |
|
Date of instrument Creating the charge |
05.04.2013 |
|
Amount secured by the charge |
Rs. 156.970 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest As per the Sanctioned Terms and as determined by the bank from time to
time. Terms of Repayment As per the Sanctioned Terms and as determined by the bank from time to
time. Margin As per the Sanctioned Terms and as determined by the bank from time to
time. Extent and Operation of the charge Exclusive charge by way of Equitable mortgage of factory land and
buildings located at door no 4/90A, GS no 165/1B1A, 1B1A, 1B2, 1B3, 1B3,
1B4A, and 1B4B , Kuppepalayam village , Sembegoundenpudur, Kuppepalayam post,
Coimbatore 641107 standing in the name of M/s J S Auto Cast Foundry India
Private Limited. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Exclusive charge by way of Equitable mortgage of factory land and
buildings located atdoor no 4/90A, GS no 165/1B1A, 1B1A, 1B2, 1B3, 1B3, 1B4A,
and 1B4B , Kuppepalayam village Sembegoundenpudur, Kuppepalayam
post,Coimbatore 641107 standing in the name of M/s J S Auto Cast Foundry
India Private Limited. |
|
Date of instrument modifying the charge |
05.04.2013 |
|
Particulars of the present modification |
1.
The overall credit limits extended by the bank to
the company stand modified to Rs. 156.970 Millions 2.
Exclusive Charge by way of Equitable mortgage of
factory land and buildings located at door no 4/90A,GS no
165/1B1A,1B1A,1B2,1B3,1B3,1B4A, and 1B4B, Kuppepalayam village, Sembegoundenpudur, Kuppepalayam
post, Coimbatore 641107 standing in the name of the company and other terms
and conditions remained same and unchanged. |
FIXED ASSETS
- Land
- Building
- Computer
- Electrical
Fitting
- Plant and Machinery
- Furniture and
Fixture
- Lab Equipment
- Office Equipment
- Patterns
- Tools and Measuring Equipment
- Vehicles
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. 55.62 |
|
|
1 |
Rs. 84.18 |
|
Euro |
1 |
Rs. 71.96 |
INFORMATION DETAILS
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
43 |
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.