MIRA
INFORM REPORT
|
Report Date : |
04.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
JEENA AND COMPANY PRIVATE LIMITED (w.e.f. 13.01.2005) |
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|
|
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Formerly Known
As : |
INTEGRATED LOGISTICS INDIA SERVICES PRIVATE LIMITED |
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Registered
Office : |
Plot No. 170, Jeena House, Om Nagar, Andheri (east0, Mumbai – 400099, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
23.10.2001 |
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Com. Reg. No.: |
11-133765 |
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Capital
Investment / Paid-up Capital : |
Rs.9.000 Millions |
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|
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CIN No.: [Company Identification
No.] |
U63090MH2001PTC133765 |
|
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ09393G |
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PAN No.: [Permanent Account No.] |
AABCJ0042K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
They are into Logistic Business, Provide Warehouse on Rent to
Companies. |
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No. of Employees
: |
57 (In Office) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. There appears accumulated losses recorded by the company which eroded
networth of the company. However, trade relation are fair. Business is active. Payment terms
are slow. The company can be considered for business dealings on a safe and
secured 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
Uptick in agriculture
and construction spread some cheer as the economy grew a higher-than-expected
4.8 % in the three months through September. Manufacturing rose an annual rate
per cent during the quarter and mining fell by 0.4 %, government data showed
while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of
payments is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
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 (GENERAL DETAILS) S
|
Name : |
Ms. Mrinal Karnik |
|
Designation : |
Senior Accounts Manager |
|
Contact No.: |
91-22-22042032 |
|
Date : |
03.01.2014 |
LOCATIONS
|
Registered Office : |
Plot No. 170, Jeena House, Om Nagar, Andheri (east0, Mumbai – 400099,
Maharashtra, India |
|
Tel. No. : |
91-22-22042032 / 44222111 |
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Fax No. : |
91-22-22026853 |
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E-Mail : |
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|
Location : |
Rented |
DIRECTORS
As on 30.09.2013
|
Name : |
Homi Adi Katgara |
|
Designation : |
Whole-time Director |
|
Address : |
4007, The Imperial North Tower, B. B. Nakashe Marg, Tardeo, Mumbai –
400034, Maharashtra, India |
|
Date of Birth/Age : |
11.10.1963 |
|
Date of Appointment : |
23.10.2001 |
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DIN No. : |
00210338 |
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|
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Name : |
Sam Nariman Katgara |
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Designation : |
Whole-time Director |
|
Address : |
Katgara House, 15 L, Jagmohandas Marg, Mumbai – 400006, Maharashtra,
India |
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Date of Birth/Age : |
09.05.1961 |
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Date of Appointment : |
23.10.2001 |
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DIN No. : |
00210687 |
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Name : |
Mr. Jehangir Nariman Katgara |
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Designation : |
Whole-time Director |
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Address : |
Katgara House, 15 L, Jagmohandas Marg, Mumbai – 400006, Maharashtra,
India |
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Date of Birth/Age : |
03.11.1955 |
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Date of Appointment : |
01.11.2001 |
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DIN No. : |
00210854 |
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|
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Name : |
Pallan Adi Katgara |
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Designation : |
Director |
|
Address : |
Katgara House, 15 L, Jagmohandas Marg, Mumbai – 400006, Maharashtra,
India |
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Date of Birth/Age : |
22.04.1959 |
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Date of Appointment : |
29.10.2004 |
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DIN No. : |
01649147 |
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Name : |
Cyrus Nariman Katgara |
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Designation : |
Whole-time Director |
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Address : |
Windsor Court, S – 15, B DLF City, Phase IV, Gurgaon – 122002, Haryana,
India |
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Date of Birth/Age : |
26.02.1960 |
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Date of Appointment : |
01.11.2001 |
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DIN No. : |
01649184 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders (Equity Shareholders) |
No. of Shares |
|
Homi Adi Katgara |
5000 |
|
Sam Nariman Katgara |
5000 |
|
Homi Adi Katgara Jointly with Faryal Homi Katgara |
195005 |
|
Jehangir Nariman Katgara |
133340 |
|
Pallan Adi Katgara |
199995 |
|
Cyrus Nariman Katgara |
133340 |
|
Sam Nariman Katgara Jointly with Kamal Sam Katgara |
128320 |
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|
|
|
Total |
800000 |
|
Names of Shareholders (Preference Shareholders) |
No. of Shares |
|
Homi Adi Katgara Jointly with Faryal Homi Katgara |
25000 |
|
Jehangir Nariman Katgara |
16670 |
|
Pallan Adi Katgara Jointly with Homi Adi Katgara |
25000 |
|
Cyrus Nariman Katgara |
16670 |
|
Sam Nariman Katgara Jointly with Kamal Sam Katgara |
16660 |
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|
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Total |
100000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
They are into Logistic Business, Provide Warehouse on Rent to
Companies. |
GENERAL INFORMATION
|
Customers : |
Companies ·
Lakme Lever ·
Wella India |
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No. of Employees : |
57 (In Office) (Approximately) |
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Bankers : |
BNP Paribas, Fort, Mumbai, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deloitte Haskins And Sells Chartered Accountants |
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Address : |
2, Dr Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai – 400018, Maharashtra, India |
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Tel. No. : |
91-22-61854000 |
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Fax No. : |
91-22-61854501 / 4601 |
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E-Mail : |
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PAN
No. : |
AACSD4815A |
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Partnership Firm : |
Jeena and
Company Address: Plot No. 170,
Jeena House, Om Nagar, Andheri (east0, Mumbai – 400099, Maharashtra, India Line of
Business: Fright Forwarding |
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|
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Enterprises over which Key Management Personnel
have Significant Influence* : |
· Silver Complex Private limited A and N Ventures Private Limited Crystal Complex Private Limited Trail Blazer Tours India Private Limited |
*with whom transaction have been entered during the year
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Equity Shares |
Rs.10/- each |
Rs.9.000 Millions |
|
100000 |
Preference Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
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|
Total |
|
Rs.10.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
Rs.10/- each |
Rs.8.000 Millions |
|
100000 |
Preference Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.9.000
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 |
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|
|
|
(a) Share Capital |
9.000 |
9.000 |
9.000 |
|
(b) Reserves & Surplus |
(10.582) |
(37.402) |
(30.336) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
(1.582) |
(28.402) |
(21.336) |
|
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.321 |
0.421 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.246 |
0.000 |
0.886 |
|
(c) Other long term liabilities |
0.456 |
0.456 |
0.849 |
|
(d) long-term provisions |
0.844 |
0.889 |
1.222 |
|
Total Non-current Liabilities (3) |
1.867 |
1.766 |
2.957 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
33.703 |
61.219 |
45.767 |
|
(b) Trade payables |
9.972 |
8.812 |
9.141 |
|
(c) Other current
liabilities |
4.399 |
2.245 |
11.135 |
|
(d) Short-term provisions |
0.638 |
0.590 |
0.635 |
|
Total Current Liabilities (4) |
48.712 |
72.866 |
66.678 |
|
|
|
|
|
|
TOTAL |
48.997 |
46.230 |
48.299 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
11.152 |
11.770 |
11.292 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
2.879 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.203 |
1.334 |
1.334 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
14.983 |
17.629 |
19.123 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
34.217 |
30.733 |
31.749 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
11.937 |
13.190 |
14.829 |
|
(d) Cash and cash
equivalents |
0.286 |
0.877 |
0.303 |
|
(e) Short-term loans and
advances |
0.402 |
0.288 |
0.316 |
|
(f) Other current assets |
2.155 |
1.142 |
1.102 |
|
Total Current Assets |
14.780 |
15.497 |
16.550 |
|
|
|
|
|
|
TOTAL |
48.997 |
46.230 |
48.299 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
96.969 |
57.573 |
52.634 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
63.703 |
65.013 |
56.438 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(Including
Depreciation Expenses) |
(7.440) |
(3.804) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.557 |
0.570 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
33.266 |
(7.997) |
(4.374) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.446 |
0.930 |
0.157 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
26.820 |
(8.927) |
(4.531) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.682 |
(7.066) |
(4.531) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
53.067 |
0.467 |
1.370 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
29.80 |
(9.92) |
(5.03) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
27.65
|
(15.50) |
(8.61) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
81.30
|
(17.81) |
(9.31) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(21.03)
|
0.28 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(21.51)
|
(2.17) |
(2.14) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.30
|
0.21 |
0.25 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on
demand |
|
|
|
From Bank |
33.703 |
61.219 |
|
|
|
|
|
Total |
33.703 |
61.219 |
UNSECURED LOAN
FROM DIRECTORS:
Unsecured Loan is from
Directors. The Directors have already initiated various steps to improve the
yield and profitability and funding the Company which is expected to have a
positive impact on the performance of the Company going ahead. The Directors,
Promoters, Shareholders during the year have been repaid amounts towards their
loans aggregating to Rs. 27.515 millions out of the funds generated by the
Company, whereas funds were infused by them in the form of unsecured loans
during previous year aggregating to Rs. 15.452 millions. They have representeds
to continue to provide the necessary financial and operational support over the
next one year so as to enable the Company to meet Its liabilities and
obligations as they fall due.
INDEX OF CHARGES
No Charges Exist for Company
CORPORATE INFORMATION
Subject was
incorporated on December 31, 1974 as a Private Limited Company to undertake end
carry on the business of warehousing, distribution, and supply chain management
and to provide integrated logistics services and end to end solutions such as
freight forwarding, multi-modal .transport operator and Inspection platform
activity. The Company also provides Design Solutions end Consultancy Services
related to Packaging.
As per the order
of Hon'ble High Court of Judicature at Bombay dated September 23, 2004,
business of JCPL was merged with Integrated Logistics India Services Private
Limited ("ILIS") from the appointed date i.e. April 1, 2003.
Subsequently, on January 13, 2005 the name of the resultant Company i.e. ILIS
was changed to JCPL. .
In the
extra-ordinary general meeting dated May 10, 2013, the Company has changed ns
object clause to Include and incorporate business of Supply Chain Management and
to Carry on the business of manufacturing, fabricating, assembling, buying,
selling, importing, exporting, distributing and dealing in automobile parts of
all kinds and descriptions and to act as brokers and marketing agents for said
items.
The Company is a
Small and Medium Sized Company (SMC) as defined in the General Instructions In
respect of .Accounting Standards notified under the Companies (Accounting
Standards) Rules, 2006 (as amended) and the relevant provisions of the
Companies Act, 1956. Accordingly, the Company has complied with the Accounting
Standards as applicable to a Small and Medium Sized Company.
FIXED ASSETS
·
Freehold Land
·
Building
·
Furniture and Fixture
·
Vehicles
·
Office Equipments
·
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 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.62.41 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
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.