MIRA
INFORM REPORT
|
Report Date : |
14.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
JAI RAJ PRINT PACK PRIVATE LIMITED |
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Registered Office : |
S-556, First Floor, School Block, Shakarpur, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of Incorporation : |
19.06.2009 |
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Com. Reg. No.: |
55-191405 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74900DL2009PTC191405 |
|
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELJ08055F |
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PAN No.: [Permanent
Account No.] |
AACCJ1914H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Industrial Packaging Material. |
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No. of Employees
: |
38 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 15000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. However, trade relations are reported to be fair. Business is active.
Payments are reported to be usually correct. The company can be considered normal for business dealing at usual
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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
State-run banks hired nearly 300000
personnel including more than 94000 officers in the last four years, according
to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to Rs
1 mn or more in their savings bank accounts in the current financial year. It
plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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
|
Name : |
Mr. Digvijay |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-9310009964 |
|
Date : |
04.03.2014 |
LOCATIONS
|
Registered Office : |
S-556, First Floor, School Block, Shakarpur, Delhi - 110092, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9310009964 (Mr. Digvijay) 91-9873700886 (Mr. Dharmendra Choudhary) |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Corporate Office
: |
BPS Tower, C-46, 2nd Floor, RDC Rajnagar, Ghaziabad –
20100, India |
|
|
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Factory 1 : |
Plot No. 25, 26A and 26 B, Mainapur, Industrial Area, Meerut Road,
Ghaziabad – 201005, India |
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|
|
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Factory 2 : |
B-8B, Krishna Complex, Sector - 31, Noida – 201 301, |
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Tel. No.: |
91-120-4571986 |
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Fax No.: |
91-120-4571986 |
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Location : |
Owned |
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Branch Office : |
Located at: v
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DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Dharmendra Kumar Jaipal Singh |
|
Designation : |
Director |
|
Address : |
M-188, Sector – 25, Near Spice Cinema, Noida – 201 301, |
|
Date of Birth/Age : |
15.08.1963 |
|
Qualification : |
Post Graduate |
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Date of Appointment : |
19.06.2009 |
|
DIN No.: |
02655872 |
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|
|
|
Name : |
Mr. Sahdev Jaipal Singh |
|
Designation : |
Director |
|
Address : |
Village - Lalu Kheri, Muzffernagar – 251 002, Uttar Pradesh, India |
|
Date of Birth/Age : |
01.02.1970 |
|
Qualification : |
SSC |
|
Date of Appointment : |
19.06.2009 |
|
DIN No.: |
02634619 |
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|
|
|
Name : |
Mr. Sudhir Yashvardhan Malik |
|
Designation : |
Additional Director |
|
Address : |
8/580 – Adarsh Nagar, Near Siv Mandir Gali, Bhatnagar House, Modinagar
- 201204 |
|
Date of Birth/Age : |
27.08.1979 |
|
Date of Appointment : |
01.03.2011 |
|
DIN No.: |
02880190 |
KEY EXECUTIVES
|
Name : |
Mr. Digvijay |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
|
5000 |
10.00 |
|
|
2500 |
67.78 |
|
Sudhir Malik |
2500 |
22.22 |
|
Total |
10,000 |
100.00 |
As on 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Packaging Material. |
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|
|
|
Products : |
v
PVC Shrink Labels
v
Laminated Pouch v
Printed Shrink Labels v
Flexible Packaging Laminates v
Stretch Sleeves Label v
Stretch Wrap Film |
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Exports : |
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Products : |
Packaging Material |
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Countries : |
African Countries |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
v
v
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s v
Easterlin Agro Limited |
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No. of Employees : |
38 (Approximately) |
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Bankers : |
Axis Bank, Noida Branch |
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Facilities : |
Details of Loans
(Loans and advances from related parties represents the amount received from
Directors And Shareholders) Vehicle Loans
are secured against hypothecation of vehicres There is no continuing default in
the repayment of the principal loan and interest amounts. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S. Kumar Garg and Associates Chartered Accountants |
|
Address : |
S-556, First Floor, School Block, Shakarpur, |
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Tel. No.: |
91-11-65343121/ 46021414 |
|
PAN No.: |
ABEFS3047G |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10 /- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10 /- each |
Rs.0.100 Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
3.514 |
1.083 |
0.310 |
|
(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) |
3.614 |
1.183 |
0.410 |
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5.295 |
0.598 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.018 |
0.014 |
0.004 |
|
(c) Other long term
liabilities |
0.000 |
1.326 |
0.551 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
5.313 |
1.938 |
0.555 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
22.619 |
10.960 |
6.376 |
|
(c) Other current liabilities |
0.352 |
0.048 |
0.029 |
|
(d) Short-term provisions |
2.059 |
0.381 |
0.157 |
|
Total
Current Liabilities (4) |
25.030 |
11.389 |
6.562 |
|
|
|
|
|
|
TOTAL |
33.957 |
14.510 |
7.527 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2.827 |
0.512 |
0.183 |
|
(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 |
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 |
0.055 |
0.240 |
0.240 |
|
(e) Other Non-current assets |
0.000 |
0.006 |
0.009 |
|
Total
Non-Current Assets |
2.882 |
0.758 |
0.432 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
5.274 |
4.535 |
3.178 |
|
(c) Trade receivables |
13.999 |
7.576 |
3.235 |
|
(d) Cash and cash equivalents |
7.849 |
1.355 |
0.573 |
|
(e) Short-term loans and
advances |
1.230 |
0.000 |
0.000 |
|
(f) Other current assets |
2.723 |
0.286 |
0.109 |
|
Total
Current Assets |
31.075 |
13.752 |
7.095 |
|
|
|
|
|
|
TOTAL |
33.957 |
14.510 |
7.527 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
47.685 |
24.431 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
112.457 |
47.685 |
24.431 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
19.119 |
|
|
|
Cartage Inward |
|
|
0.122 |
|
|
|
Advertisement |
|
|
0.304 |
|
|
|
Accounting Charges |
|
|
0.024 |
|
|
|
Audit Fee |
|
|
0.028 |
|
|
|
Bank Charges |
|
|
0.005 |
|
|
|
Business Promotion |
|
|
0.085 |
|
|
|
Cartage Outward |
|
|
0.365 |
|
|
|
Computer Software |
|
|
0.012 |
|
|
|
Conveyance |
|
|
0.155 |
|
|
|
Director Remuneration |
|
|
1.860 |
|
|
|
Electricity & Water Charges |
|
|
0.038 |
|
|
|
Festival Celebration |
108.619 |
46.477 |
0.038 |
|
|
|
Insurance |
|
|
0.013 |
|
|
|
Interest on VAT |
|
|
0.002 |
|
|
|
Postage & Courier |
|
|
0.011 |
|
|
|
Preliminary Expenses |
|
|
0.003 |
|
|
|
Legal & Professional Charges |
|
|
0.043 |
|
|
|
Printing & Stationery |
|
|
0.010 |
|
|
|
Rent |
|
|
0.190 |
|
|
|
Repair & Maintenance |
|
|
0.004 |
|
|
|
Salary |
|
|
1.292 |
|
|
|
Short & Excess |
|
|
0.002 |
|
|
|
Staff Welfare |
|
|
0.036 |
|
|
|
Telephone Expenses |
|
|
0.081 |
|
|
|
Tour & Traveling Expenses |
|
|
0.132 |
|
|
|
TOTAL |
108.619 |
46.477 |
23.974 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.838 |
1.208 |
0.457 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.320 |
0.089 |
0.032 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.518 |
1.119 |
0.425 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.087 |
0.346 |
0.131 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.431 |
0.773 |
0.294 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
0.016 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
0.310 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
243.10 |
77.30 |
29.40 |
|
Expected Sales (2013-2014): Rs.150.000 millions
The above information has been parted by Mr. Digvijay (Accounts
Executives)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.16
|
1.62 |
1.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.00 |
1.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.36
|
7.71 |
5.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.97
|
0.95 |
1.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.47
|
0.51 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
1.21 |
1.08 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.310 |
1.083 |
3.514 |
|
Net
worth |
0.410 |
1.183 |
3.614 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.598 |
5.295 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.598 |
5.295 |
|
Debt/Equity
ratio |
0.000 |
0.505 |
1.465 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
24.431 |
47.685 |
112.457 |
|
|
|
95.182 |
135.833 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
24.431 |
47.685 |
112.457 |
|
Profit After Tax |
0.294 |
0.773 |
2.431 |
|
|
1.20% |
1.62% |
2.16% |
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 |
Yes |
|
15] |
Capital in
the business |
No |
|
16] |
Details of
sister concerns |
No |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
Yes |
|
19] |
Payments
terms |
Yes |
|
20] |
Export /
Import details (if applicable) |
Yes |
|
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 |
-- |
|
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 |
Note :
No Charges Exist for Company.
UNSECURED LOANS
|
Particulars |
31.03.2013 Rs.
In Millions |
31.03.2012 Rs.
In Millions |
|
Long Term
Borrowings |
|
|
|
Term loans |
|
|
|
- from banks |
1.917 |
0.000 |
|
- from other parties |
1.442 |
0.198 |
|
Deferred payment liabilities |
0.000 |
0.000 |
|
Deposits |
0.000 |
0.000 |
|
Loans and advances from related parties |
0.649 |
0.400 |
|
Long term maturities of finance lease
obligations |
0.000 |
0.000 |
|
Other loans and advances (specify nature) |
0.000 |
0.000 |
|
|
|
|
|
Total |
4.008 |
0.598 |
BACKGROUND
Company deals in
Printed Labels for Packaging. Company
produce the products as per market requirement and there is no wastage
or work in progress at the end of the day.
TRADE REFERENCES:
v
Easterlin Agro Limited
FIXED ASSETS:
v
Computer
v
Furniture and Fittings
v
Air Conditioner
v
Invertor
v Mobile Phone
v Plant and
Machinery
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.60.99 |
|
|
1 |
Rs.102.07 |
|
Euro |
1 |
Rs.84.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.