MIRA
INFORM REPORT
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Report No. : |
314889 |
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Report Date : |
03.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
EJEYES COMPONENTS PRIVATE LIMITED |
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Registered
Office : |
D. No. 3, Plot No. K 175, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
27.08.1997 |
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Com. Reg. No.: |
18-038900 |
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Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
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CIN No.: [Company Identification
No.] |
U28991TN1997PTC038900 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Metal Parts. |
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No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit : |
USD 20000 |
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Status : |
Moderate |
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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 a moderate track record. The profitability at the company seems to be low and the external
borrowings appears to be huge which act as a threat to the liquidity of the
company. However, trade relations are fair. Business is active. Payments 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 PARTED BY
|
Name : |
Mr. Vishwas |
|
Designation : |
Accountant |
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Contact No.: |
91-44-32981307 |
|
Date : |
28.03.2015 |
LOCATIONS
|
Registered Office : |
D. No.3, Plot No. K175, 15th Street, Choudary Nagar, Valasaravakkam –
600087, Tamilnadu, India |
|
Tel. No.: |
91-44-32981307 |
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Mobile No.: |
91-9322517659 (Mr. Nityanand) |
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Fax No.: |
91-44-27631914 |
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E-Mail : |
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Website : |
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Locality : |
Industrial |
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Factory : |
W-123A, TTC Industrial Area, Kharina MIDC, Near Fire Brigade, Navi
Mumbai - 400706, Maharashtra, India |
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Tel. No.: |
91-22-32981307 / 27631914 / 27634948 |
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Fax No.: |
91-22-27631914 |
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Location: |
Owned |
DIRECTORS
As on 30.09.2014
|
Name : |
Mrs. Jyoti Nityanand Master |
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Designation : |
Director |
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Address : |
Asha Building, Dixit Road, Vile Parle
(East), Mumbai – 400056, Maharashtra, India |
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Date of Birth/Age : |
17.12.1955 |
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Date of Appointment : |
11.05.2001 |
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DIN No.: |
00805780 |
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Name : |
Mr. Nityanand Master |
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Designation : |
Director |
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Address : |
Asha Building, Dixit Road, Vile Parle
(East), Mumbai – 400056, Maharashtra, India |
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Date of Birth/Age : |
07.04.1955 |
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Date of Appointment : |
11.05.2001 |
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DIN No.: |
00805750 |
KEY EXECUTIVES
|
Name : |
Mr. Vishwas |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
A.S. Balasubramanian |
1250 |
25.00 |
|
Nityanand Master |
550 |
11.00 |
|
Jyoti Nityanand Master |
2600 |
52.00 |
|
Sujal Nityanand Master |
600 |
12.00 |
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Total |
5000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Metal Parts. |
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Products : |
Metal Parts |
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Brand Names : |
“FALCON“ |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Metal Parts |
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Countries : |
·
Nepal ·
Kenya ·
Dubai ·
South African Countries ·
USA ·
Gulf Country |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30 / 60 / 90 Days) |
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Purchasing : |
Cash and Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Ahura Wooden Punch Market · Amar Security Force · A One Logistics · AN Enterprises · Deepa Consultancy Services · Divya Parcel Services · Dakshat Tempo Service · Evershine Screen · Expenses Payable · Flight Connection Couriers and Cargo · FDX Courier Logistics · Gurukrupa Chem Industries · Image System · Indal Chavhan · Keval Industries · Max Print Technologies · Millennium Stationers |
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Customers : |
·
Dubai
Coast Trading Co LLC ·
Eastern
Ceramics ·
Goodwill
Enterprises ·
Jukes
Industries ·
JDRaj
Tools Corporation ·
Karna
Skates Company ·
Kerala
Stores ·
Kristeel
Shinwa Industries Limited ·
Lifon
Industries ·
Malabar
Pandal Works ·
Malabar
Trading Company ·
Maharashtra
Cousin Work ·
Mohan
Sales Corporation ·
Mittal
International ·
Shabnam
International ·
Subhiksha
International ·
Tencate
Geosynthetic Asia Sdn Bhd ·
Tasty
Bite Eatables Limited ·
Sudana
Printer ·
Unitech
Metal Works ·
Akshaya
Industries ·
Bishal
Tripal Udyog · Aura Interio |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
· The Saraswat Co-operative Bank Limited, SME Vile Parle Branch, Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India · HDFC Bank Limited, Vile Parle, Mumbai, Maharashtra, India |
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Facilities : |
Notes: Short Term Borrowings Working
Capital Loans From Banks are secured by the Hypothecation of Inventories and
book Debts |
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Auditors : |
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Name : |
R J Parekh and Associates Chartered Accountants |
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Address : |
145 D, Aruna Niwas, Arvind Colony, IRLA, S. V. Road, Vile Parle,
Mumbai – 400056, Maharashtra, India |
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Tel. No.: |
91-22-26700617 |
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PAN No.: |
AAEPP1093L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Sister Concern : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 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 |
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(1)Shareholders' Funds |
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(a) Share Capital |
0.500 |
0.500 |
0.500 |
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(b) Reserves & Surplus |
6.388 |
5.391 |
5.266 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
6.888 |
5.891 |
5.766 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
40.158 |
41.842 |
12.060 |
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(b) Deferred tax liabilities (Net) |
0.144 |
0.232 |
0.000 |
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(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
40.302 |
42.074 |
12.060 |
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(4) Current Liabilities |
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(a) Short term borrowings |
21.743 |
14.459 |
7.707 |
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(b) Trade payables |
22.430 |
27.025 |
16.916 |
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(c) Other current
liabilities |
4.434 |
2.275 |
0.216 |
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(d) Short-term provisions |
0.000 |
0.000 |
1.080 |
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Total Current Liabilities (4) |
48.607 |
43.759 |
25.919 |
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TOTAL |
95.797 |
91.724 |
43.745 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
34.280 |
36.263 |
3.532 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
0.025 |
0.025 |
0.025 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.094 |
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(e) Other Non-current assets |
0.160 |
0.150 |
1.051 |
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Total Non-Current Assets |
34.465 |
36.438 |
4.702 |
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(2) Current assets |
|
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(a) Current investments |
0.141 |
0.140 |
0.140 |
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(b) Inventories |
30.819 |
27.138 |
12.123 |
|
(c) Trade receivables |
24.038 |
21.506 |
22.518 |
|
(d) Cash and cash
equivalents |
0.784 |
1.085 |
0.750 |
|
(e) Short-term loans and
advances |
5.550 |
5.417 |
3.512 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
61.332 |
55.286 |
39.043 |
|
|
|
|
|
|
TOTAL |
95.797 |
91.724 |
43.745 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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||
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Income |
|
|
81.171 |
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Other Income |
|
|
0.149 |
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TOTAL (A) |
100.944 |
78.719 |
81.320 |
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||
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Less |
EXPENSES |
|
|
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||
|
|
|
|
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|
60.410 |
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|
Changes in inventories of finished goods, work-in-progress and
Stock-in-trade |
|
|
0.126 |
|
|
|
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Employee benefit expenses |
|
|
7.714 |
|
|
|
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Other administrative expenses |
|
|
8.477 |
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|
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TOTAL (B) |
97.802 |
76.850 |
76.727 |
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||
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
4.593 |
||
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|
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||
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Less |
FINANCIAL
EXPENSES (D) |
|
|
2.010 |
||
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||
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|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
3.142 |
1.869 |
2.583 |
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Less |
DEPRECIATION/
AMORTISATION (F) |
2.017 |
1.315 |
0.776 |
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
1.125 |
0.554 |
1.807 |
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Less |
TAX (H) |
0.302 |
0.426 |
0.527 |
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PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.823 |
0.128 |
1.280 |
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Less |
PRIOR PERIOD
ADJUSTMENTS |
0.000 |
0.003 |
0.000 |
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EARNINGS IN
FOREIGN CURRENCY |
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||
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Export Earnings |
NA |
NA |
6.385 |
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TOTAL EARNINGS |
NA |
NA |
6.385 |
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|
Earnings /
(Loss) Per Share (Rs.) |
164.60 |
25.60 |
256.00 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA |
NA |
1.58 |
|
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|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
NA |
5.66 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.17 |
0.60 |
4.13 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.09 |
0.31 |
|
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|
Debt Equity Ratio (Total Debt /Networth) |
|
8.99 |
9.56 |
3.43 |
|
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|
|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.26 |
1.51 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
5.266 |
5.391 |
6.388 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5.766 |
5.891 |
6.888 |
|
|
|
|
|
|
Long Term borrowings |
12.060 |
41.842 |
40.158 |
|
Short Term borrowings |
7.707 |
14.459 |
21.743 |
|
Total
borrowings |
19.767 |
56.301 |
61.901 |
|
Debt/Equity
ratio |
3.428 |
9.557 |
8.987 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total Income |
81.320 |
78.719 |
100.944 |
|
|
|
(3.198) |
28.233 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total Income |
81.320 |
78.719 |
100.944 |
|
Profit |
1.280 |
0.128 |
0.823 |
|
|
1.57% |
0.16% |
0.82% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
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 |
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 |
18.182 |
13.925 |
|
Other loans and advances |
2.465 |
4.113 |
|
Total |
20.647 |
18.038 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10510812 |
16/07/2014 |
2,000,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
C12977997 |
|
2 |
10466065 |
10/12/2013 |
2,000,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
B91917229 |
|
3 |
10412615 |
06/06/2014 * |
33,900,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
C06915474 |
|
4 |
10331293 |
09/01/2012 |
2,000,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
B30404073 |
|
5 |
10176728 |
10/09/2009 |
1,000,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
A70192810 |
|
6 |
10125481 |
01/10/2008 |
1,000,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
A48191753 |
|
7 |
10074519 |
26/10/2007 |
900,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
A26278911 |
|
8 |
90288435 |
23/02/2015 * |
2,500,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
C45200896 |
|
9 |
90290851 |
03/10/2005 |
400,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
- |
|
10 |
90285761 |
15/03/2005 |
300,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
- |
|
11 |
90285756 |
23/01/2005 |
400,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
- |
|
12 |
90285728 |
08/10/2004 |
700,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
- |
|
13 |
90285577 |
23/03/2004 * |
669,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
- |
|
14 |
90285566 |
07/06/2014 * |
20,000,000.00 |
The Saraswat Co-op Bank Limited |
SME Vile Parle Branch, Bholanath Co-op Hsg Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra- 400057, India |
C06918312 |
*Date of modification Charges
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Air Conditioner
· Digimatic
· Electric Fittings
· Fax Machine
· EPABX Systems
· Weighing Scale
· Computer
· Vehicles
· Furniture and Fixture
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 : |
MNJ |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--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 |
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 |
|
29 |
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.