MIRA INFORM REPORT
|
Report Date : |
21.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
JMV LPS LIMITED (w.e.f. 21.06.2012) |
|
|
|
|
Formerly Known
As : |
LPS PRIVATE LIMITED (w.e.f. 04.05.2012) JMV EARTHING EQUIPMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C – 736, Gaur Green Avenue, Abhey Khand II, Inderapuram, Ghaziabad -
201009, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
10.03.2008 |
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|
|
|
Com. Reg. No.: |
20-034803 |
|
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|
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U93000UP2008PTC034803 |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer and Exporter of Chemical Earthing and lightning
protection systems, conventional lightning protection system, exothermics
weld and surge protection devices. |
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|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 20000 |
|
|
|
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The management has failed to file its financials with government
department for the year 2012 and 13. As per previous financial records of (2011), general financial
position of the company is fair. However, trade relations are fair. Business is active. Payment terms
are unknown. The company can be considered for business dealings 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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief information
officers at gathering in Bangalore in April to meet Indian startups at an event
called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.
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 : |
Ms. Anju |
|
Designation : |
Support Manager |
|
Contact No.: |
91-9910398589 |
|
Date : |
07.05.2014 |
LOCATIONS
|
Registered Office : |
C – 736, Gaur Green Avenue, Abhey Khand II, Inderapuram, Ghaziabad -
201009, Uttar Pradesh, India |
|
Tel No.: |
Not Available |
|
Mobile No.: |
91-9910398538 (Mr. Neeraj Saini) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory : |
W – 50, Sector – II, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-210-4590000 |
|
Fax No.: |
91-210-4335001 |
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Anuj Kumar |
|
Designation : |
Director |
|
Address : |
Village And Post Jaitpur, Laksar, Haridwar – 247663, Uttarakhand,
India |
|
Date of Birth/Age : |
12.07.1980 |
|
Date of Appointment : |
15.02.2012 |
|
DIN No.: |
02038317 |
|
|
|
|
Name : |
Mr. Neeraj Saini |
|
Designation : |
Director |
|
Address : |
C – 736, Gaur Green Avenue, Abhey Khand II, Ghaziabad - 201009, Uttar
Pradesh, India |
|
Date of Birth/Age : |
25.03.1979 |
|
Date of Appointment : |
10.03.2008 |
|
DIN No.: |
02038274 |
|
|
|
|
Name : |
Ms. Meenakshi Saini |
|
Designation : |
Director |
|
Address : |
C – 736, Gaur Green Avenue, Abhey Khand II, Ghaziabad - 201009, Uttar
Pradesh, India |
|
Date of Birth/Age : |
20.01.1982 |
|
Date of Appointment : |
10.03.2008 |
|
DIN No.: |
02038288 |
KEY EXECUTIVES
|
Name : |
Ms. Anju |
|
Designation : |
Support Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Neeraj Saini |
|
19000 |
|
Meenakshi Saini |
|
15000 |
|
Anuj Kumar |
|
5000 |
|
Prasad Romit |
|
2000 |
|
Vikash Saini |
|
2000 |
|
Sandeep |
|
5000 |
|
Total |
|
48000 |
As on: 31.03.2012
|
Names of Allotees |
|
No. of Shares
Allotted |
|
SAilverlake Traders Private Limited |
|
20000 |
|
Raveera Commercial Company Private Limited |
|
65500 |
|
Raveera Investment Company Private Limited |
|
25000 |
|
Raveera Investment Private
Limited |
|
9000 |
|
Edynamics Solution Private Limited |
|
5000 |
|
Sarao Bala Tyagi |
|
1200 |
|
|
|
|
|
Total |
|
125700 |
As on: 22.03.2012
|
Names of Allotees |
|
No. of Shares
Allotted |
|
Neeraj Saini |
|
9100 |
|
Meenakshi Saini |
|
11000 |
|
Vikash Saini |
|
300 |
|
Atlantic Merchants Private Limited |
|
14000 |
|
Subhshree Commosale Private Limited |
|
9000 |
|
Krishan Kumar Service |
|
1500 |
|
Manoj Kumar |
|
2000 |
|
Mayank Prashar |
|
5000 |
|
Shambu Jha |
|
1250 |
|
Sharad Mahar Jain |
|
2900 |
|
|
|
|
|
Total |
|
56050 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Chemical Earthing and lightning
protection systems, conventional lightning protection system, exothermics weld
and surge protection devices. |
|
|
|
|
Products : |
· Lightning Strike · Electrical Grounding · Earthing Electrode · safe earthing · Copper Electrode · Grounding Electrode · Maintenance Free Earthing · Pit Cove · Chemical Earthing · Gel Earthing · Copper Earthing Grounding · Earthing Material · Copper Bonded Rods · Lightning Protector · Surge Protection Devices · Whole House Surge Protection, Grounding System · Earthing System · Lightning Conductor · Early Streamer Emission · Lightning Rod · ESE system · Lightning Protection Systems · Surge Protectors · Air Terminal · Surge Protection Devices · House Surge Protection · Lightning Arrestor · Lightning Surge · Lightning Surge Arrestor · Lightning Surge Protectors · Data Surge ·
Solar Surge |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
All over the world except china |
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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
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· Oriental Bank of Commerce, SSI Baangel, Gautambudh Nagar, Noida - 201301, Uttar Pradesh, India · Oriental
Bank of Commerce, 5, Community Centre, New Friends Colony, New Delhi -
110025, India · State
Bank of India |
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|||||||||
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Facilities : |
Rs in Millions
|
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Auditors : |
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|
Name : |
PDMAG and Company Chartered Accountants |
|
Address : |
308, 3rd Floor, Sivam Complex,
Near Rdc, Ghaziabad – 201002, Uttar Pradesh, India |
|
Tel. No.: |
|
|
PAN No.: |
AAAFP4206H |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
229750 |
Equity Shares |
Rs.10/- each |
Rs. 2.297
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 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 |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
4.440 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.330 |
0.611 |
0.246 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5.870 |
0.711 |
0.346 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.656 |
0.731 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
1.100 |
0.000 |
|
|
TOTAL BORROWING |
0.656 |
1.831 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.020 |
0.009 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6.546 |
2.551 |
0.346 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.526 |
0.268 |
0.175 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.491 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.762
|
7.856 |
2.185 |
|
|
Sundry Debtors |
16.215
|
8.183 |
4.261 |
|
|
Cash & Bank Balances |
1.715
|
0.384 |
0.224 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
1.421
|
2.919 |
0.115 |
|
Total
Current Assets |
24.113
|
19.342 |
6.785 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
18.791
|
17.399 |
6.514 |
|
|
Provisions |
0.313
|
0.167 |
0.122 |
|
Total
Current Liabilities |
19.104
|
17.566 |
6.636 |
|
|
Net Current Assets |
5.009
|
1.776 |
0.149 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.011 |
0.016 |
0.022 |
|
|
|
|
|
|
|
|
TOTAL |
6.546 |
2.551 |
0.346 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
45.733 |
24.168 |
12.756 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
32.164 |
14.771 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
0.542 |
0.369 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.178 |
0.123 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.718 |
0.364 |
0.246 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.718 |
0.364 |
0.246 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
71.80 |
0.03 |
24.60 |
|
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
170.000 |
150.000 |
61.000 |
The above information has been parted by Ms. Anju (Support Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
2.76 |
5.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.76 |
1.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.11 |
2.57 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.10 |
1.02 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.246 |
0.611 |
1.330 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
4.440 |
|
Net
worth |
0.346 |
0.711 |
5.870 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.731 |
0.656 |
|
Unsecured Loans |
0.000 |
1.100 |
0.000 |
|
Total
borrowings |
0.000 |
1.831 |
0.656 |
|
Debt/Equity
ratio |
0.000 |
2.575 |
0.112 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Income |
12.756 |
24.168 |
45.733 |
|
|
|
89.464 |
89.230 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Income |
12.756 |
24.168 |
45.733 |
|
Profit After Tax |
0.246 |
0.364 |
0.718 |
|
|
1.93% |
1.51% |
1.57% |
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
six 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 |
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 |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
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 LOAN :
Rs
in Millions
|
Particulars |
As
on 31.03.2011 |
As
on 31.03.2010 |
|
Loan From Directors / Shareholders |
0.000 |
1.100 |
|
Total |
0.000 |
1.100 |
NOTE:
The registered office of the company has been shifted from G-3, 31/6, Sangam Apartments, Sector-2a, Vaishali, Ghaziabad – 201010, Uttar Pradesh, India to present address w.e.f. 10.06.2009.
OPERATIONS:
During the year the company has registered total sale of Rs. 45.733
Millions receipts in the year ended on 31st March 2011.
The company has earned a Net profit of Rs. 0.718 Million after tax in
the year ended on 31st March 2011.
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10335933 |
23/12/2011 |
27,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
SSI Baangel, Gautambudh Nagar, Noida,
Uttar Pradesh - 201301, India |
B32269565 |
FIXED ASSEST
- Air
Conditioner
- Attendance
Machine
- Electrical
Equipment
- Computer
- Motorcycle
- Mobile
- Furniture and
Fixture
- Car
- Dome Camera
- Laptop
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records 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 records 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] 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. 58.75 |
|
UK Pound |
1 |
Rs. 98.77 |
|
Euro |
1 |
Rs. 80.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
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 |
|
26 |
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.