MIRA INFORM REPORT
|
Report No. : |
315766 |
|
Report Date : |
02.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
OM JEWELLERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No.2, 3 and 4, Shangrilla Apartments, L T Road, Borivali (West), Mumbai
– 400092, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.07.1999 |
|
|
|
|
Com. Reg. No.: |
11-120894 |
|
|
|
|
TIN No.: |
27120005411 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.110.383 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36911MH1999PTC120894 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO01982B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO3391D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the Business of retailers, traders, manufacturers, importers, exporters, dealers and suppliers of all kinds of gold, silver and diamond jewelleries. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The balance sheet as on 31.03.2014 possess negative cash balance.
Hampering its liquidity position. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some caution. NOTE: Directors
report for the year 2013-14 unavailable. |
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 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
Not Available
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
31-03-2014.
INFORMATION DENIED
Management Non C-operative (91-22-67732443)
LOCATIONS
|
Registered Office : |
Shop No.2, 3 and 4, Shangrilla Apartments, L T Road, Borivali (West),
Mumbai – 400092, Maharashtra, India |
|
Tel. No.: |
91-22-67732443 / 61587000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Mukesh Damji Jakhia |
|
Designation : |
Director |
|
Address : |
Vasukamal Tower Co-operative Housing Society, 17th Floor,
Block No.172, Devidas Road Extension, Borivali (West), Mumbai – 400103,
Maharashtra, India |
|
Date of Birth/Age : |
06.08.1959 |
|
Date of Appointment : |
21.07.1999 |
|
DIN No.: |
01134236 |
|
|
|
|
Name : |
Mr. Bhavin Jakhia Narottam |
|
Designation : |
Director |
|
Address : |
Vasukamal Tower Co-operative Housing Society, 17th Floor,
Block No.172, Devidas Road Extension, Borivali (West), Mumbai – 400103,
Maharashtra, India |
|
Date of Birth/Age : |
07.06.1982 |
|
Date of Appointment : |
01.05.2003 |
|
DIN No.: |
01134276 |
|
|
|
|
Name : |
Mr. Narottam Damji Jakhia |
|
Designation : |
Director |
|
Address : |
Vasukamal Tower Co-operative Housing Society, 17th Floor,
Block No.172, Devidas Road Extension, Borivali (West), Mumbai – 400103,
Maharashtra, India |
|
Date of Birth/Age : |
02.01.1954 |
|
Date of Appointment : |
21.07.1999 |
|
DIN No.: |
01134315 |
|
|
|
|
Name : |
Mrs. Mamta Mukesh Jakhia |
|
Designation : |
Additional Director |
|
Address : |
Vasukamal Tower Co-operative Housing Society, 17th Floor,
Block No.172, Devidas Road Extension, Borivali (West), Mumbai – 400103,
Maharashtra, India |
|
Date of Birth/Age : |
21.12.1965 |
|
Date of Appointment : |
02.03.2015 |
|
DIN No.: |
01496352 |
|
|
|
|
Name : |
Mrs. Harsha Narotam Jakhia |
|
Designation : |
Additional Director |
|
Address : |
Vasukamal Tower Co-operative Housing Society, 17th Floor,
Block No.172, Devidas Road Extension, Borivali (West), Mumbai – 400103, Maharashtra,
India |
|
Date of Birth/Age : |
20.10.1955 |
|
Date of Appointment : |
02.03.2015 |
|
DIN No.: |
01496364 |
|
|
|
|
Name : |
Mrs. Bhavana Bhavin Jakhia |
|
Designation : |
Additional Director |
|
Address : |
171 / 173, Vasukamal Co-operative
Housing Society, Devidas Road, Near Station Lawrence High School, Borivali
(West), Mumbai – 400103, Maharashtra, India |
|
Date of Appointment : |
02.03.2015 |
|
DIN No.: |
07140651 |
|
|
|
|
Name : |
Mr. Bhavesh Mukesh Jakhia |
|
Designation : |
Additional Director |
|
Address : |
171 / 173, Vasukamal
Co-operative Housing Society, Devidas Road, Near Station Lawrence High
School, Borivali (West), Mumbai – 400103, Maharashtra, India |
|
Date of Appointment : |
02.03.2015 |
|
DIN No.: |
07141118 |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Equity Shareholders |
No. of Shares |
|
Narottam Damji Jakhia |
225000 |
|
Mukesh Damji Jakhia |
225000 |
|
Narottam and Harsha Jakhia |
69000 |
|
Harsha and Narottam Jakhia |
6000 |
|
Mukesh and Mamta Jakhia |
69000 |
|
Mamta and Mukesh Jakhia |
5958 |
|
Narmadaben Jakhia |
6 |
|
Bhavesh M Jahkia |
6 |
|
Bhavin N Jahkia |
6 |
|
Madhusudan Purohit-Huf |
6 |
|
Kiran Ranchhoddas Ganatra |
37500 |
|
Maulik H Purohit |
6 |
|
Jason Jakhia |
6 |
|
Josh Jakhia |
6 |
|
|
|
|
Total |
637500 |
|
Names of Preference Shareholders |
No. of Shares |
|
Ganatra Builders |
466333 |
|
|
|
|
Total |
466333 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
94.00 |
|
Others |
6.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the Business of retailers, traders, manufacturers, importers, exporters, dealers and suppliers of all kinds of gold, silver and diamond jewelleries. |
|
|
|
|
Products : |
Gold, Silver and Diamond Jewelleries. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· Bank of Baroda, Borivali (West) Branch, Jaya Talkies Compound, S. V. Road, Borivali (West), Mumbai – 400092, Maharashtra, India · HDFC Bank Limited · ICICI Bank Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bharat B. Shah and Company Chartered Accountants |
|
Address : |
101-A, Kewal Tower, Opposite SNDT College, Malad (West), Mumbai – 400064, Maharashtra, India |
|
PAN No.: |
AACPS1605B |
|
|
|
|
Membership : |
-- |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
658667 |
Equity Shares |
Rs.100/- each |
Rs.65.867 Million |
|
466333 |
Preference Shares |
Rs.100/- each |
Rs.46.633 Million |
|
|
|
|
|
|
|
Total |
|
Rs.112.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
637500 |
Equity Shares |
Rs.100/- each |
Rs.63.750 Million |
|
466333 |
Preference Shares |
Rs.100/- each |
Rs.46.633 Million |
|
|
|
|
|
|
|
Total |
|
Rs.110.383
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
110.383 |
48.925 |
48.925 |
|
(b) Reserves & Surplus |
279.952 |
280.192 |
230.462 |
|
(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) |
390.335 |
329.117 |
279.387 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
127.888 |
104.634 |
87.363 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
4.117 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
127.888 |
104.634 |
91.480 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
281.300 |
327.905 |
164.278 |
|
(c) Other
current liabilities |
26.446 |
25.775 |
18.001 |
|
(d) Short-term
provisions |
94.557 |
81.048 |
62.067 |
|
Total Current
Liabilities (4) |
402.303 |
434.728 |
244.346 |
|
|
|
|
|
|
TOTAL |
920.526 |
868.479 |
615.213 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
105.742 |
89.160 |
79.914 |
|
(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) |
1.518 |
1.032 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
107.260 |
90.192 |
79.914 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
831.083 |
830.535 |
555.019 |
|
(c) Trade
receivables |
3.369 |
1.054 |
0.000 |
|
(d) Cash
and cash equivalents |
(125.248) |
(142.913) |
(91.017) |
|
(e)
Short-term loans and advances |
100.825 |
85.240 |
67.297 |
|
(f) Other current
assets |
3.237 |
4.371 |
4.000 |
|
Total
Current Assets |
813.266 |
778.287 |
535.299 |
|
|
|
|
|
|
TOTAL |
920.526 |
868.479 |
615.213 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL INCOME |
NA |
2700.490 |
1971.124 |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
2633.973 |
1847.032 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
NA |
66.517 |
124.092 |
|
|
|
|
|
|
|
Less |
TAX |
NA |
16.731 |
45.233 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
54.285 |
49.786 |
78.859 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
49.18 |
-- |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
NA |
7.67 |
20.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.20 |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.33 |
0.32 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.02 |
1.79 |
2.19 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
48.925 |
48.925 |
110.383 |
|
Reserves & Surplus |
230.462 |
280.192 |
279.952 |
|
Net
worth |
279.387 |
329.117 |
390.335 |
|
|
|
|
|
|
long-term borrowings |
87.363 |
104.634 |
127.888 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
87.363 |
104.634 |
127.888 |
|
Debt/Equity
ratio |
0.313 |
0.318 |
0.328 |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
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:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Loans and advances from related parties |
123.581 |
102.184 |
|
|
|
|
|
Total |
123.581 |
102.184 |
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible
only due to combination of the manufacturing skills of the Indian workforce and
the untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a global
voluntary regulatory standard on bank capital adequacy, stress testing and
market liquidity.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10267103 |
23/05/2012 * |
150,000,000.00 |
New India Co-Op Bank Limited |
New
India Bhavan, Anant Vishram Nagvekar Marg, B |
B40849028 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
33 |
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.