MIRA
INFORM REPORT
|
Report Date : |
05.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
JUMBO ELECTRONICS CORPORATION PRIVATE LIMITED (w.e.f. 07.09.2007) |
|
|
|
|
Formerly Known
As : |
LINYTRON ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
“The International”, 5th Floor, 16, New Marine Lines, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
21.06.1984 |
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|
Com. Reg. No.: |
11-033215 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.500.100
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109MH1984PTC033215 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUML05780F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAASCL5308H |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Subject is
engaged in business of trading in consumer electronics, IT equipment,
mobiles, personal electronics items and allied accessories. |
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|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 645000 |
|
|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of Aasman Management Services Private Limited.
It is an established company having moderate track record. Even though,
the company has recorded an increase in its sales during 2013, it has
incurred loss. Accumulated losses recorded by the company appears to be increasing
over years. 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 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.
INDIAN ECONOMIC OVERVIEW
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
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 DECLINED
Management non-cooperative
(Tel. No.: 91-22-22033992)
LOCATIONS
|
Registered Office : |
“The International”, 5th Floor, 16, New Marine Lines, Cross
Road No.1, Churchgate, Mumbai – 400 020, Maharashtra, India |
|
Tel. No.: |
91-22-22033989 / 22033992 / 22001910 |
|
Mobile No.: |
91-9910035703 (Mr. Dhruv) |
|
Fax No.: |
91-22-22065703 / 22083984 |
|
E-Mail : |
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|
Website : |
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|
Area : |
1500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Regus Business Centre, S.B. Tower, 5th Floor, Plot No.17, Sector
16 A, Film City, Noida – 201 301, Uttar Pradesh, India |
|
Area : |
1500 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Store Address : |
# 327/B, Great India Palace, 3rd Floor, Sector 38A, Noida –
201 301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4221100 / 4233712 |
|
Area : |
5700 sq. ft. |
|
Location : |
Leased |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Ms. Komal Chhabria Wazir |
|
Designation : |
Director |
|
Address : |
P.O. Box 3426, Dubai, United Arab Emirates |
|
Date of Birth/Age : |
11.08.1972 |
|
Date of Appointment : |
16.08.2007 |
|
DIN No : |
00138111 |
|
|
|
|
Name : |
Mr. Ravindra Keshav Raje |
|
Designation : |
Director |
|
Address : |
6, Ashirwad, B.W. Pathare Marg, Shivaji Parks, Dadar (West), Mumbai –
400 028, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1955 |
|
Date of Appointment : |
27.09.2013 |
|
DIN No : |
00112003 |
|
Voter Id No. |
FKT0474650 |
|
|
|
|
Name : |
Mr. Sanjeev Jain |
|
Designation : |
Director |
|
Address : |
207, Mohd. Suhail Bin Owaidan’s Building, Al Sharifi Centre, 318, Al
Karama Area, PO Box 2548, Dubai |
|
Date of Birth/Age : |
05.12.1961 |
|
Date of Appointment : |
28.10.2010 |
|
DIN No : |
00119762 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Aasman Management Services Private Limited, India |
|
10006 |
|
Ravindra Keshav Raje |
|
8 |
|
Vidya Manohar Chhabria |
|
1 |
|
Bhavika Manohar Godhwani |
|
1 |
|
Komal Chhabria |
|
1 |
|
Kiran Manohar Chhabria |
|
1 |
|
Sheela Bhagwant Raote |
|
2 |
|
Total
|
|
10020 |
|
Names of
Shareholders (5% Non-Cumulative
Redeemable Optionally Convertible Preference Shares) |
|
No. of Shares |
|
Aasman Management Services Private Limited, India |
|
5000000 |
|
Total
|
|
5000000 |
AS ON 27.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
99.86 |
|
Directors
or relatives of directors |
|
0.12 |
|
Other
top fifty shareholders |
|
0.02 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in business of trading in consumer electronics, IT equipment,
mobiles, personal electronics items and allied accessories. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
·
HDFC Bank Limited, Branch Sector 62, Noida, Uttar
Pradesh, India ·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat
Marg, Lower Patel (West), Mumbai – 400 013, Maharashtra, India |
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Facilities : |
Notes: Short Term Borrowings Indian Currency:
Overdraft Facility against Fixed Deposit from HDFC Bank Limited is secured against the
fixed deposits made with the bank. The overdraft is repayable on demand and
carries interest of 11.25% which is plus 2% above fixed deposits interest
rate @ 9.25% (subject to change at the time of renewal). The overdraft
availed as on 31 March 2013 is of Rs.39.310 millions (as on 31st
March 2012: Rs.31.946 millions). |
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Banking
Relations : |
-- |
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|
|
Auditors : |
|
|
Name : |
T.R. Chaddha and Company Chartered Accountants |
|
Address : |
B-30, Connaught Place, Kuthiala Building, New Delhi – 110 001, India |
|
Tel. No.: |
91-11-43259900 |
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Fax No.: |
91-11-41259930 |
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E-Mail : |
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PAN No.: |
AAAFT1655Q |
|
|
|
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Holding Company : |
Aasman Management Services Private Limited, India (CIN No.:
U93090MH2006PTC164144) |
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|
Associates where significant influence is exercised/ common control
exists : |
·
Alfamont (Mauritius) Limited ·
Camry International FZE ·
Dandvati Investments and Trading Co. Private
Limited ·
Derby Electricals (India) Private Limited ·
GWL Properties Limited ·
Harshit Finlease and Investments Private Limited ·
Jumbo Electronics Company Limited (LLC) ·
Jumbo Investments Limited ·
Jumbo World Holdings (India) Private Limited ·
Jumbo World Holdings Limited ·
Firestorm Electronics Corporation Private Limited ·
MPIL Corporation Limited ·
Narmada Gelatines Limited ·
Primo Enterprises Private Limited ·
SMN Engineers Limited ·
Solvin International Limited ·
Starfire Investments Limited ·
Wizer Advertising Private Limited All the above
companies are controlled directly / indirectly by the heirs of Late Mr. M.R.
Chhabria, through Jumbo World Holdings Limited and its various Subsidiary/
Associate companies. |
CAPITAL STRUCTURE
AS ON 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 millions |
|
5000000 |
5% Non-Cumulative Redeemable Optionally Convertible Preference Shares |
Rs.100/- each |
Rs.500.000 millions |
|
|
Total
|
|
Rs.550.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10020 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
|
5000000 |
5% Non-Cumulative Redeemable Optionally Convertible Preference Shares |
Rs.100/- each |
Rs.500.000
millions |
|
|
Total
|
|
Rs.500.100 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
500.100 |
500.100 |
450.100 |
|
(b) Reserves & Surplus |
(338.875) |
(317.967) |
(272.915) |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
30.388 |
|
Total
Shareholders’ Funds (1) + (2) |
161.225 |
182.133 |
207.573 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
3.353 |
2.333 |
1.698 |
|
Total Non-current
Liabilities (3) |
3.353 |
2.333 |
1.698 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
174.810 |
112.446 |
29.620 |
|
(b)
Trade payables |
113.806 |
92.011
|
58.270 |
|
(c)
Other current liabilities |
14.246 |
16.592
|
12.346 |
|
(d) Short-term
provisions |
0.264 |
0.068
|
3.219 |
|
Total Current
Liabilities (4) |
303.126 |
221.117 |
103.455 |
|
|
|
|
|
|
TOTAL |
467.704 |
405.583 |
312.726 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
81.374 |
93.358 |
67.311 |
|
(ii)
Intangible Assets |
0.197 |
0.810 |
0.718 |
|
(iii)
Capital work-in-progress |
10.278 |
3.011 |
6.322 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
63.598 |
45.533 |
29.302 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
155.447 |
142.712 |
103.653 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
215.872 |
187.173
|
141.705 |
|
(c)
Trade receivables |
21.804 |
19.859
|
15.886 |
|
(d) Cash
and cash equivalents |
63.370 |
43.635
|
38.993 |
|
(e) Short-term
loans and advances |
6.844 |
9.827 |
9.619 |
|
(f)
Other current assets |
4.367 |
2.377 |
2.870 |
|
Total
Current Assets |
312.257 |
262.871 |
209.073 |
|
|
|
|
|
|
TOTAL |
467.704 |
405.583 |
312.726 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2197.600 |
1778.165 |
1070.175 |
|
|
|
Other Income |
11.500 |
11.398 |
8.835 |
|
|
|
TOTAL (A) |
2209.100 |
1789.563 |
1079.010 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock in Trade |
|
1614.069 |
995.500 |
|
|
|
Changes in Inventories Stock-in- Trade |
|
(45.468) |
(54.090) |
|
|
|
Employee Benefit Expenses |
|
57.588 |
41.911 |
|
|
|
Other Expenses |
|
192.505 |
143.278 |
|
|
|
Prior Period Expenses |
|
0.426 |
0.000 |
|
|
|
TOTAL (B) |
2230.000 (Including
Financial and Depreciation) |
1819.120 |
1126.599 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(29.557) |
(47.589) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
1.928 |
1.029 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(31.485) |
(48.618) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
13.567 |
10.921 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(20.900) |
(45.052) |
(59.539) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
(0.487) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(20.900) |
(45.052) |
(59.052) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(2087.00) |
(4496.00) |
(5893.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(0.95)
|
(2.52)
|
(5.47) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(0.95)
|
(2.53)
|
(5.56) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.57)
|
(11.19)
|
(19.43) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.13)
|
(0.25)
|
(0.29) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.08
|
0.62
|
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03
|
1.19
|
2.02 |
LOCAL AGENCY FURTHER INFORMATION
Details of Current
maturities of long-term debt:
|
Particulars |
31.03.2013 (Rs.
in millions) |
31.03.2012 (Rs.
in millions) |
31.03.2011 (Rs.
in millions) |
|
Current maturities of long-term debt |
0.000 |
0.000 |
0.000 |
|
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 |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10469548 |
03/12/2013 |
100,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B93277754 |
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and Advances from Related Parties* |
|
|
|
Aasman Management Services Private Limited * Loans repayable on demand. [Maximum amount outstanding during the
year: Rs.135.500 millions (31st March 2012: Rs.80.500 millions)] |
135.500 |
80.500 |
|
Total
|
135.500 |
80.500 |
CORPORATE
INFORMATION:
The Company was
incorporated on 21st June 1984 in India under the Indian Companies Act,
1956 having its registered office located in Mumbai. The Corporate Office is
located in Noida, U.P. The Company is engaged in business of trading in
consumer electronics, IT equipment, mobiles, personal electronics items and
allied accessories.
FIXED ASSETS:
Tangible Assets
·
Leasehold Improvement
·
Furniture and Fittings
·
Computers
·
Office Equipment
Intangible Assets
·
Software
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.62.68 |
|
|
1 |
Rs.101.97 |
|
Euro |
1 |
Rs.84.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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 |
|
28 |
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.