MIRA INFORM REPORT
|
Report No. : |
336520 |
|
Report Date : |
14.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
JR SEAMLESS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
16, Ispat Bhavan, 5-4-23, Distillery Road, Ranigunj, Hyderabad-500003,
Telangana |
|
Tel. No.: |
91- 40 27520030 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.04.2007 |
|
|
|
|
Com. Reg. No.: |
053530 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 45.919 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999TG2007PTC053530 |
|
|
|
|
IEC No.: |
0908014848 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
HYDJ02059B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCJ0648L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing of Carbon and Alloy Steel Seamless Pipes and Tubes. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a moderate track record. Profitability of the company seems to be low during the FY 2014. The rating takes into consideration vulnerability of the company’s
profitability to raw material price volatility, weak liquidity position, the
company’s presence in the competitive and cyclical steel industry. However, Trade relations are reported to be fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered normal for business dealing with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities=B+ |
|
Rating Explanation |
Have risk-prone credit quality and carries
very high credit risk |
|
Date |
01.12.2014 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities=A4 |
|
Rating Explanation |
Have minimal degree of safety and carry very
high credit risk |
|
Date |
01.12.2014 |
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Bala |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-40-27520030 |
|
Date : |
13.08.2015 |
LOCATIONS
|
Registered/ Corporate Office : |
16, Ispat Bhavan, 5-4-23, Distillery Road, Ranigunj, Hyderabad-500003,
Telangana, India |
|
Tel. No.: |
91- 40 27520030/ 27541406 |
|
Fax No.: |
91-40-27541406 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Sy. No. 129, 130 131, Chegunta (V and M), Medak
District-502255, Andhra Pradesh, India |
|
Tel. No.: |
91-8452-225119/ 225117 |
DIRECTORS
AS ON 25.06.2014
|
Name : |
Mr. Narender Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Omkunj P/No.104 and 105 Beside Sec-Bad Gas Co, Trimurty
Co-Operative Society, Mahendra Hills, Sec-Bad-500004, Andhra Pradesh, India |
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|
Date of Birth/Age : |
31.08.1971 |
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|
Date of Appointment : |
10.04.2007 |
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|
PAN No.: |
AAMPA4460G |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01687321 |
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|
Other Directorship :
|
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mahender Agarwal |
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|
Designation : |
Director |
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|
Address : |
Omkunj, Plot 104 and 105, Thremurthy Colony, Ii Venture,
Mahendra Hills, East Marredpally, Sec-Bad-500026, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.08.1970 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.04.2007 |
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|
DIN No.: |
01687346 |
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|
Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Bala |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.06.2014
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Jogiram Agarwal |
174500 |
|
Rajender Agarwal |
247500 |
|
Narender Agarwal |
800506 |
|
Mahender Agarwal |
44500 |
|
Manju Agarwal |
70000 |
|
Acute Vinmay Private Limited, India |
407835 |
|
Parrot Traders Private Limited, India |
503665 |
|
IHM Valves Private Limited,
India |
406250 |
|
Leelavathi Agarwal |
37000 |
|
Pratik Agarwal |
21000 |
|
Total |
2712756 |
|
Names of
Shareholders (Preference Shares) |
No.
of Shares |
|
Acute Vinmay Private Limited, India |
621500 |
|
Parrot Traders Private Limited, India |
754195 |
|
IHM Valves Private Limited,
India |
503475 |
|
Total |
1879170 |
AS ON 25.06.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
49.00 |
|
Directors
or relatives of directors |
51.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Carbon and Alloy Steel Seamless Pipes and
Tubes. |
|
|
|
|
Brand Names : |
-- |
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|
|
|
Agencies Held : |
-- |
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|
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|
Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
·
State Bank of India MCLAU,
3-6-281/A/1, First Floor, Hyderguda Main road, Hyderabad - 500004, Andhra
Pradesh, India ·
State Bank of India Overseas Branch, 5-9-300,
Near Suryalok Complex, ABIDS, Hyderabad - 500001, Andhra Pradesh, India |
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|
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Facilities : |
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Bansal
and Dave Chartered Accountants |
|
Address : |
201, Gupta Estate, 5 - 9
- 5 8 , Basheerbagh, Hyderabad - 500004, Andhra Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AANBS1024P |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprises in which key management persons
and their relatives have substantial interest: |
·
Bharat Tube Corporation ·
IHM Values Private Limited ·
JR Forgings ·
Parrot Traders Private Limited · Acute Vinmay Private Limited |
CAPITAL STRUCTURE
AFTER 25.06.2014
Authorised Capital : Rs. 53.600 Million
Issued, Subscribed & Paid-up Capital : Rs. 46.268 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3440000 |
Equity Shares |
Rs. 10/- each |
Rs. 34.400 Million |
|
1920000 |
Preference Shares |
Rs. 10/- each |
Rs. 19.200 Million |
|
|
Total |
|
Rs. 53.600
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2712756 |
Equity Shares |
Rs. 10/- each |
Rs. 27.127
Million |
|
1879170 |
Preference Shares |
Rs. 10/- each |
Rs. 18.792
Million |
|
|
Total |
|
Rs. 45.919 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 |
45.919 |
45.919 |
44.919 |
|
(b) Reserves & Surplus |
153.076 |
147.416 |
194.663 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
2.300 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
201.295 |
193.335 |
239.582 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
109.944 |
172.296 |
211.768 |
|
(b) Deferred tax liabilities (Net) |
39.622 |
33.568 |
25.566 |
|
(c)
Other long term liabilities |
4.917 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
154.483 |
205.864 |
237.334 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
75.556 |
85.015 |
80.153 |
|
(b)
Trade payables |
45.318 |
44.013 |
26.099 |
|
(c)
Other current liabilities |
104.468 |
53.775 |
34.188 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.399 |
|
Total
Current Liabilities (4) |
225.342 |
182.803 |
140.839 |
|
|
|
|
|
|
TOTAL |
581.120 |
582.002 |
617.755 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
419.659 |
440.934 |
459.798 |
|
(ii)
Intangible Assets |
0.081 |
0.086 |
0.109 |
|
(iii)
Capital work-in-progress |
4.503 |
4.503 |
4.503 |
|
(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 |
2.183 |
3.031 |
3.067 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
426.426 |
448.554 |
467.477 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
106.865 |
72.580 |
96.173 |
|
(c)
Trade receivables |
34.204 |
39.483 |
17.447 |
|
(d)
Cash and cash equivalents |
1.047 |
2.647 |
7.288 |
|
(e)
Short-term loans and advances |
9.897 |
14.733 |
26.020 |
|
(f)
Other current assets |
2.681 |
4.005 |
3.350 |
|
Total
Current Assets |
154.694 |
133.448 |
150.278 |
|
|
|
|
|
|
TOTAL |
581.120 |
582.002 |
617.755 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
TOTAL REVENUE |
1061.729 |
192.273 |
259.900 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.955 |
(20.960) |
(26.771) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
22.240 |
22.286 |
21.481 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
11.715 |
(43.246) |
(48.252) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.055 |
8.002 |
10.212 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
5.660 |
(51.248) |
(58.464) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
10.333 |
36.717 |
|
|
TOTAL IMPORTS |
NA |
10.333 |
36.717 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.12 |
(19.61) |
(23.08) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
52.800 |
51.108 |
30.400 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash from Operating Activities |
NA |
57.719 |
35.509 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.03 |
(7.49) |
(7.87) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
(0.22) |
(0.20) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.18 |
1.60 |
1.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.69 |
0.73 |
1.07 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
44.919 |
45.919 |
45.919 |
|
Reserves & Surplus |
194.663 |
147.416 |
153.076 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
2.300 |
|
Net
worth |
239.582 |
193.335 |
201.295 |
|
|
|
|
|
|
Long-term borrowings |
211.768 |
172.296 |
109.944 |
|
Short term borrowings |
80.153 |
85.015 |
75.556 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
30.400 |
51.108 |
52.800 |
|
Total
borrowings |
322.321 |
308.419 |
238.300 |
|
Debt/Equity
ratio |
1.345 |
1.595 |
1.184 |
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 Revenue |
259.900 |
192.273 |
1061.729 |
|
|
|
(26.020) |
452.199 |
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 Revenue |
259.900 |
192.273 |
1061.729 |
|
Profit |
(58.464) |
(51.248) |
5.660 |
|
|
(22.49%) |
(26.65%) |
0.53% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10231361 |
06/07/2010 |
175,700,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, 5-9-300,
NEAR SURYALOK COMPLEX, |
A90488784 |
|
2 |
10151147 |
28/03/2009 |
305,000,000.00 |
STATE BANK OF INDIA |
MCLAU, 3-6-281/A/1,
FIRST FLOOR, HYDERGUDA MAIN R |
A59779793 |
PROSPECTIVE GROWTH OF THE
COMPANY:
The Directors are very
optimistic of increasing the sales and consequently profits in the next Financial
Year owing to an excellent and dedicated working staff which is being supported
by a professional Management Team.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LC |
0.000 |
19.151 |
|
Bank
Guarantee |
20.012 |
0.082 |
|
Claims against the company not acknowledged
as debts, under disputes |
|
|
|
Sales
Tax |
0.787 |
0.787 |
|
Income
Tax |
1.847 |
0.000 |
|
Total |
22.646 |
20.02 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Emission reduction equipment
·
Factory Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
· Other Equipments
Intangible Assets
· Goodwill
· Computer Software
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. 64.92 |
|
|
1 |
Rs. 101.44 |
|
Euro |
1 |
Rs. 72.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
IND |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.