MIRA INFORM REPORT
|
Report Date : |
30.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SEKISUI DLJM MOLDING PRIVATE LIMITED |
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|
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Registered
Office : |
2662, 1st Floor, Sadar Thana Road, Sadar Bazar, Delhi - 110006 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
10.05.2011 |
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Com. Reg. No.: |
55-218912 |
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Capital
Investment / Paid-up Capital : |
Rs. 1.000
Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U25200DL2011PTC218912 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS44877A |
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|
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PAN No.: [Permanent Account No.] |
AAPCS7814N |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Automobile Components. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1260000 |
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|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial
risk profile and loss that company has incurred from its operational
activities during financial year 2013. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a second
straight year of sub-5 % growth – the worst slowdown in more than a quarter of
a century. The data was below an official estimate of 4.9 % annual growth and
compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca
for nearly $ 118 billion after the latter refused an offer of 55 pounds a
share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BB+ |
|
Rating Explanation |
Inadequate degree of safety and high credit risk.
|
|
Date |
September 19, 2013 |
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 BY
|
Name : |
Mr. G. K. Sharma |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9999980367 |
|
Date : |
20.06.2014 |
LOCATIONS
|
Registered Office : |
2662, 1st Floor, Sadar Thana Road, Sadar Bazar, Delhi – 110006, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9999980367 [Mr. G. K. Sharma] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
D-55, Phase II, Extn., Noida - 201305, Uttar Pradesh, India |
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Tel. No.: |
91-120-3042004 |
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Fax No.: |
91-120-3042010 |
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Unit I : |
Plot No. 237-238 and 257-258, Ecotech-I Extension, Greater Noida, Uttar Pradesh, India |
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Tel. No.: |
91-120-2341215/ 216/ 217 |
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Unit II : |
Plot No. SPIA -1, Tapukara industrial Area, Bhiwadi-II, Alwar, Rajasthan, India |
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Unit III : |
SEDM Chennai, Tamilnadu, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Dev Bhushan Jain |
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Designation : |
Director |
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Address : |
128, Veer Nagar, Jain Colony, Delhi – 110007, India |
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Date of Birth/Age : |
12.12.1956 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
01620467 |
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Other Directorship :
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Name : |
Mr. Yogesh Jain |
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|
Designation : |
Director |
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Address : |
H-142, Phase I, Ashok Vihar, Delhi – 110052, India |
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Date of Birth/Age : |
14.10.1974 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
01629190 |
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Other Directorship :
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Name : |
Joji Horii |
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|
Designation : |
Director |
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Address : |
14-21, Kita Tomigaoka, 3-Chome, Nara Prefecture Nara City Japan |
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Date of Birth/Age : |
19.10.1962 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
03554554 |
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Other Directorship :
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Name : |
Tadahiko Yoshioka |
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Designation : |
Director |
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Address : |
H. No. A-321, 1st Floor, Defence Colony, New Delhi –
110024, India |
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Date of Birth/Age : |
09.12.1968 |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
06453137 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. G. K. Sharma |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Dipty Lal Judge Mal Private Limited, India |
49000 |
49.00 |
|
Sekisui Chemical Company Limited, Japan |
51000 |
51.00 |
|
|
|
|
|
Total |
100000 |
100.00 |
AS ON 30.09.2013
|
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] |
51.00 |
|
Bodies
corporate |
49.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Automobile Components. |
GENERAL INFORMATION
|
Customers : |
v Honda v Suzuki v Yamaha v Donaldson |
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No. of Employees : |
Not Divulged |
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Bankers : |
v Bank of Baroda Sadar Bazar, Delhi - 110006, Delhi, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
KNM and Associates Chartered Accountants |
|
Address : |
69, Sector 27, Gurgaon – 122002, Haryana, India |
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Tel. No.: |
91-124-2564888 |
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Mobile No.: |
91-9711099333 |
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Income-tax
PAN of auditor or auditor's firm : |
AAKFK8943J |
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Holding Company : |
Sekisui Chemical Company Limited, Japan |
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Fellow Subsidiaries : |
Sekisui Techno Molding Company Limited, Japan |
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Associate Company : |
v Dipty Lal Judge Mal Private Limited, India v Jaypee Autoplast v Jaypee Seiki Plastics Private Limited v Jaypee Cookeasy Private Limited v Jaypee Spintex Limited v Max Management Consultants Private Limited v Jayson Industries |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.100 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
1.000 |
1.000 |
|
(b) Reserves & Surplus |
|
314.550 |
352.554 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
315.550 |
353.554 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
335.407 |
99.750 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.357 |
0.119 |
|
Total
Non-current Liabilities (3) |
|
335.764 |
99.869 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
27.669 |
25.121 |
|
(b)
Trade payables |
|
78.829 |
35.290 |
|
(c)
Other current liabilities |
|
72.205 |
58.809 |
|
(d)
Short-term provisions |
|
2.048 |
1.444 |
|
Total
Current Liabilities (4) |
|
180.751 |
120.664 |
|
|
|
|
|
|
TOTAL |
|
832.065 |
574.087 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
178.991 |
171.802 |
|
(ii)
Intangible Assets |
|
175.674 |
228.377 |
|
(iii)
Capital work-in-progress |
|
111.464 |
0.250 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
15.642 |
13.803 |
|
(e)
Other Non-current assets |
|
0.033 |
0.043 |
|
Total
Non-Current Assets |
|
481.804 |
414.275 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
34.026 |
33.585 |
|
(c)
Trade receivables |
|
66.102 |
46.396 |
|
(d)
Cash and cash equivalents |
|
20.944 |
1.079 |
|
(e)
Short-term loans and advances |
|
57.001 |
62.846 |
|
(f)
Other current assets |
|
172.188 |
15.906 |
|
Total
Current Assets |
|
350.261 |
159.812 |
|
|
|
|
|
|
TOTAL |
|
832.065 |
574.087 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
|
707.727 |
309.330 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
664.241 |
320.570 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
43.486 |
(11.240) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
81.490 |
53.093 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(38.004) |
(64.333) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(38.004) |
(64.333) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
|
(64.333) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
(102.337) |
(64.333) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
0.093 |
0.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
1.670 |
0.000 |
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
|
(380.04) |
(643.33) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
|
(5.37) |
(20.80) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(5.27) |
(11.21) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
(0.12) |
(0.18) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
1.15 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.94 |
1.32 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1.000 |
1.000 |
|
Reserves & Surplus |
352.554 |
314.550 |
|
Net
worth |
353.554 |
315.550 |
|
|
|
|
|
long-term borrowings |
99.750 |
335.407 |
|
Short term borrowings |
25.121 |
27.669 |
|
Total
borrowings |
124.871 |
363.076 |
|
Debt/Equity ratio |
0.353 |
1.151 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
309.330 |
707.727 |
|
|
|
128.794 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
309.330 |
707.727 |
|
Profit/ (Loss) |
(64.333) |
(38.004) |
|
|
(20.80%) |
(5.37%) |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10303348 |
01/08/2011 |
840,000.00 |
BANK OF BARODA |
SADAR BAZAR, DELHI, DELHI - 110006, INDIA |
B19228998 |
|
2 |
10303347 |
24/12/2012 * |
279,371,000.00 |
BANK OF BARODA |
SADAR BAZAR, DELHI, DELHI - 110006, INDIA |
B67938100 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances
from related parties - Foreign Currency Loan from Sekisui Chemical Company Limited |
228.382 |
0.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Deposit |
0.269 |
0.050 |
|
|
|
|
|
Total |
228.651 |
0.050 |
BACKGROUND:
Subject was incorporated in India on May 10, 2011. The Company is engaged in the business of manufacturing of automobile components.
OPERATIONS:
The Company has incurred a Loss of Rs. 38.004 Millions as
against the Loss of Rs. 64.333 Millions during the previous financial year. It
is hoped that the Company would earn profits during the forthcoming years.
FIXED ASSETS:
v Land-Freehold
v Buildings
v Plant and Machinery
v Genset
v Mould
v Electrical Industrial
v Tools and Equipment
v Furniture and Fixture
v Bins and Crates
v Vehicles
v Office Equipment
v Electrical Civil
v Fire Fighting Equipment
v Trollies
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. 60.10 |
|
|
1 |
Rs. 102.40 |
|
Euro |
1 |
Rs. 81.88 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.