MIRA INFORM REPORT
|
Report No. : |
355514 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAINCO TRANSMISSION LIMITED |
|
|
|
|
Registered
Office : |
70, Diamond Harbour Road, 3rd Floor, Kolkata - 700023, West
Bengal |
|
Tel. No.: |
91-33-24495410 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
05.02.2007 |
|
|
|
|
Com. Reg. No.: |
21-113080 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.090 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28939WB2007PLC113080 |
|
|
|
|
IEC No.: |
0206029845 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCJ7859G |
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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, Exporter and Supplier of power transmission line hardware
fittings, PVC spacer, GI Pipe, GI Pin, etc. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
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|
|
|
Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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|
Comments : |
Subject was established in the year 2007 and it is a manufacturer,
exporter and supplier of power transmission line hardware fittings, PVC
spacer, GI Pipe, GI Pin, etc. As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2014 but the documents related to the
financial for the year 31.03.2014 are not available. Furthermore, management
of the company has not filed its financial with government department for the
year 2015 and same are not available from any sources. As per previous financial record of 2013, general financial position
of the company seems to fair. Rating remain constrained on account of company’s absence of latest
financial information to evaluate risk associated with the subject company. Business is active as per the status shown in the registrar of
companies. Payments are reported to be unknown. In view of aforesaid, the company can be considered for business
dealings with great 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
LOCATIONS
|
Registered Office : |
70, |
|
Tel. No.: |
91-33-24495410/ 24495893 |
|
Fax No.: |
91-33-24495410/ 22689982/
24495893 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Factory : |
Jalan Complex, Gate No.1, Lane No. 7, Jangalpur, Bombay Road (NH6),
Howrah – 711411, West Bengal, India |
|
Tel. No.: |
91-33-32920742 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Surendra Kumar Surana |
||||||||||||||||||||||||
|
Designation : |
Chairman |
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|
Address : |
42, Ekbalpore Road, Kolkata - 700023, West Bengal, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
16.01.1951 |
||||||||||||||||||||||||
|
Date of Appointment : |
12.02.2007 |
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|
DIN No.: |
01370403 |
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|
||||||||||||||||||||||||
|
Name : |
Mr. Adarsh Surana |
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|
Designation : |
Director |
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|
Address : |
42, Ekbalpore Road, Kolkata - 700023, West Bengal, India |
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|
Date of Birth/Age : |
29.02.1976 |
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|
Date of Appointment : |
01.01.2009 |
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|
PAN No.: |
AUJPS4836N |
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DIN No.: |
01113961 |
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Other Directorship :
|
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|
||||||||||||||||||||||||
|
Name : |
Mr. Atul Surana |
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|
Designation : |
Director |
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|
Address : |
42, Ekbalpore Road, Kolkata - 700023, West Bengal, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
18.07.1979 |
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|
Date of Appointment : |
12.02.2007 |
||||||||||||||||||||||||
|
PAN No.: |
ALEPS7018K |
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|
DIN No.: |
01113966 |
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|
Other Directorship :
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Badal Shah |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
NOTE: SHAREHOLDERHOLDING
DETAILS FILE ATTACHED.
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
55.00 |
|
Directors or relatives of Directors |
43.00 |
|
Other top fifty shareholders |
2.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplier of power transmission line
hardware fittings, PVC spacer, GI Pipe, GI Pin, etc. (Confirmed by management) |
|
|
|
|
Products : |
·
Power
Transmission Line Hardware Fittings ·
PVC Spacer ·
GI Pipe ·
GI Pin, etc. |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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Exports : |
Not Available |
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|
Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
G Garg and Company Chartered Accountants |
|
Address : |
14/2, Old China Bazar Street, 1st Floor, Kolkata - 700001,
West Bengal, India |
|
Tel. No. : |
91-33-22103169/9323 |
|
Income-tax
PAN of auditor or auditor's firm : |
AEAPG8998H |
|
E-Mail : |
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|
|
|
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Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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|
|
|
Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
As on 30.09.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
909,000 |
Equity Shares |
Rs.10/- each |
Rs. 9.090
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
9.090 |
9.090 |
9.090 |
|
(b) Reserves & Surplus |
74.415 |
66.760 |
66.431 |
|
(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) |
83.505 |
75.850 |
75.521 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term Borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred Tax Liabilities (Net) |
0.842 |
0.139 |
0.000 |
|
(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) |
0.842 |
0.139 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term Borrowings |
123.130 |
66.634 |
55.734 |
|
(b) Trade
Payables |
87.403 |
117.378 |
110.064 |
|
(c) Other
Current Liabilities |
2.753 |
0.823 |
0.742 |
|
(d) Short-term
Provisions |
4.092 |
0.265 |
0.327 |
|
Total Current
Liabilities (4) |
217.378 |
185.100 |
166.867 |
|
|
|
|
|
|
TOTAL |
301.725 |
261.089 |
242.388 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-Current Assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible Assets |
37.974 |
10.907 |
9.775 |
|
(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 |
0.200 |
0.200 |
0.200 |
|
(c) Deferred Tax Assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.404 |
0.403 |
0.398 |
|
(e) Other
Non-Current Assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
38.578 |
11.510 |
10.373 |
|
|
|
|
|
|
(2) Current Assets |
|
|
|
|
(a)
Current Investments |
5.111 |
0.528 |
0.474 |
|
(b)
Inventories |
77.101 |
82.879 |
67.196 |
|
(c) Trade
Receivables |
153.238 |
126.742 |
145.769 |
|
(d) Cash
and Cash Equivalents |
0.632 |
17.406 |
1.946 |
|
(e) Short-term
Loans and Advances |
27.065 |
22.024 |
16.610 |
|
(f) Other
Current Assets |
0.000 |
0.000 |
0.020 |
|
Total
Current Assets |
263.147 |
249.579 |
232.015 |
|
|
|
|
|
|
TOTAL |
301.725 |
261.089 |
242.388 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
366.766 |
317.029 |
391.315 |
|
|
|
Other Income |
0.187 |
0.159 |
0.729 |
|
|
|
TOTAL (A) |
366.953 |
317.188 |
392.044 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
322.082 |
314.139 |
427.655 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
5.777 |
(15.683) |
(49.540) |
|
|
|
Employees benefits expense |
3.526 |
2.739 |
1.902 |
|
|
|
Other Administrative Expenses |
11.645 |
7.654 |
6.223 |
|
|
|
TOTAL (B) |
343.030 |
308.849 |
386.240 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
23.923 |
8.339 |
5.804 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.653 |
6.152 |
3.528 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.270 |
2.187 |
2.276 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.819 |
1.454 |
1.424 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
12.451 |
0.733 |
0.852 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.796 |
0.404 |
0.326 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
7.655 |
0.329 |
0.526 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.500 |
1.171 |
0.652 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Tax on Dividend |
0.000 |
0.000 |
0.007 |
|
|
BALANCE CARRIED
TO THE B/S |
9.155 |
1.500 |
1.171 |
|
|
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
4.677 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
8.42 |
0.36 |
0.58 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flows from operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.09 |
0.10 |
0.13 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.52 |
2.63 |
1.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.13 |
0.28 |
0.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.47 |
0.88 |
0.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.35 |
1.39 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
9.090 |
9.090 |
9.090 |
|
Reserves & Surplus |
66.431 |
66.760 |
74.415 |
|
Net
worth |
75.521 |
75.850 |
83.505 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
55.734 |
66.634 |
123.130 |
|
Total
borrowings |
55.734 |
66.634 |
123.130 |
|
Debt/Equity
ratio |
0.738 |
0.878 |
1.475 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
391.315 |
317.029 |
366.766 |
|
|
|
(18.984) |
15.688 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
391.315 |
317.029 |
366.766 |
|
Profit |
0.526 |
0.329 |
7.655 |
|
|
0.13% |
0.10% |
2.09% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
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 |
No |
|
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 |
No |
|
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 |
No |
|
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 |
10132256 |
18/03/2011 * |
45,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
POST BOX NO.21, ERODE ROAD, KARUR - 639002, TAMILNADU, INDIA |
B08932576 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
From Directors and Shareholders |
123.130 |
66.510 |
|
Total |
123.130 |
66.510 |
FINANCIAL RESULTS
In the year the Turnover of the Company has jumped to Rs.366.766 Million as against previous year's figures of Rs. 317.029 Million. Similarly Profit after Tax jumped to Rs.7.723 Million in comparison to previous figure of Rs.3.29 Lacs. The Directors are hopeful that the company could be able to achieve more and more turnover with high profitability in the coming years and foresee a bright future of the Company.
FIXED ASSETS
· Electric Motor
· Electric Fittiings
· Computer
· Furn. and Fixture
· Land
· Building
· Plant and Machinery
· Lab. Equipment
· Vehicles
· Cycle
· Office Equip.
· Generator
· Fire Fighting
· Air Conditioner
· Electrical Equip
· Tele. and Mobile
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 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] 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.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
|
--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 |
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.