MIRA INFORM REPORT
|
Report No. : |
355704 |
|
Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
JBM MA AUTOMOTIVE PRIVATE LIMITED (w.e.f. 17.06.2008) |
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|
|
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Formerly Known
As : |
JBM MAGNETTO AUTOMOTIVE PRIVATE LIMITED |
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|
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Registered
Office : |
601, Hemkunt Chambers, 89, Nehru Place, New Delhi - 110019, Delhi |
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Tel. No.: |
91-11-26427104 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
12.12.2007 |
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|
|
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Com. Reg. No.: |
55-155874 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs. 608.992 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29220PN2007PTC155874 |
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|
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IEC No.: |
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|
|
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AALCS4205R |
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|
|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacturing and supplying of sheet metal parts
namely Skin Panels, Under Body Panels and other assemblies. (From Indirect Sources) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2000000 |
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|
|
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in 2007 and it is a 50:50 joint venture (JV)
between JBM Auto Limited (JBMA, part of the JBM group) and Magnetto
Automotive SpA, Italy (MA). The JV was formed to undertake the manufacture and supply of sheet metal
parts namely skin panels, under body panels and other assemblies to Tata
Motors Limited (TML), Fiat India Automobiles Private Limited (Fiat-Tata Fiat
JV), and later on added the Volkswagen Group and Mahindra and Mahindra (M
& M) to its customer list. For the financial year ended 2014, revenue of the company has been
declined by 14.79% and reported low margin at 0.71% during the year under
review. The ratings continue to favourably consider the significant experience
of company’s promoters in the automotive sheet metal business, benefits
arising from the technical expertise of both the joint Venture (JV) partners
and the sole supplier status of the company for its customers in the
addressable product range. Rating also takes into consideration company’s average financial
profile marked by adequate capital base and moderate debt coverage indicators
of the company. However, rating strength is partially offset by high client
concentration risk and limited scope for geographical diversification due to
restrictions imposed by the JV agreement disallowing supplies to OEMs outside
the Pune region. Trade relations are reported as fair. Payment terms are reported to be
slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. Note: Management of the company has not filed its financial with
government department for the year 2015 and same are not available from any
sources. |
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 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term loans = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
November 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Cash Credit = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
November 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
31-03-2015.
LOCATIONS
|
Registered Office : |
601, Hemkunt Chambers, 89, Nehru Place, New Delhi -
110019, Delhi, India |
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Tel. No.: |
91-11-26427104 |
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Fax No.: |
91-11-26427100 |
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E-Mail : |
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Factory : |
C-1/2, MIDC, Chakan Industrial Area, Chakan, District Pune - 410501,
Maharashtra, India |
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Tel. No.: |
91-20-32313831 91-2135-259538 |
|
Website : |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Bharat Bhushan Gupta |
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Designation : |
Director |
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Address : |
L - 19/17, Ground Floor, DLF Phase - II, Gurgaon - 122002, Haryana, India |
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Date of Appointment : |
09.05.2015 |
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DIN No.: |
00004733 |
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Other Directorship :
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Name : |
Mr. Anand Swaroop Khandelwal |
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Designation : |
Director |
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Address : |
C - 5A/14, 2nd Floor, Janakpuri, New Delhi - 110058, Delhi, India |
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Date of Birth/Age : |
07.10.1960 |
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Date of Appointment : |
14.05.2009 |
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DIN No.: |
00004816 |
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Other Directorship :
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Name : |
Mr. Nishant Arya |
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Designation : |
Director |
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Address : |
Neelanchal No.7, Bandh Road, Chandanhulla Mahrauli, New Delhi - 110030, Delhi, India |
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Date of Birth/Age : |
01.11.1986 |
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Date of Appointment : |
12.12.2007 |
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DIN No.: |
00004954 |
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Other Directorship :
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Name : |
Mr. Alessandro Palla |
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Designation : |
Additional Director |
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Address : |
Via F. Petrarca 12, San Pietro Val Lemina (To), Torino - 10060, Italy |
|
Date of Appointment : |
03.02.2015 |
|
DIN No.: |
07088483 |
|
Name : |
Mr. Gabriele Perris Magnetto |
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Designation : |
Additional Director |
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Address : |
Via San Martino 6, Rivoli - 10098, Italy |
|
Date of Appointment : |
03.02.2015 |
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DIN No.: |
07088496 |
|
Name : |
Mr. Giulio Massimiliano Pampuro |
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Designation : |
Additional Director |
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Address : |
Via Santa Croce 8, Milano - 20121, Italy |
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Date of Appointment : |
03.02.2015 |
|
DIN No.: |
07088499 |
KEY EXECUTIVES
|
Name : |
Mrs. Suma Pradip Biswas |
|
Designation : |
Secretary |
|
Address : |
F.No. 204, E-Wing, Ellora Residency, Kiwale, Dehuroad, Pune - 412101, Maharashtra, India |
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PAN No.: |
ATGPB6963L |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
JBM Auto Limited, India |
|
30449600 |
|
MA SPA |
|
30449600 |
|
Total |
|
60899200 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Bodies corporate |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and supplying of sheet metal parts
namely Skin Panels, Under Body Panels and other assemblies. (From Indirect Sources) |
|
|
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Products : |
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|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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|
|
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Imports : |
Not Available |
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|
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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 : |
MZSK and Associates Chartered Accountants |
|
Address : |
Level 3, Business Bay, Plot No. 84, Wellesley Road, Near
RTO, Pune - 411001, Maharashtra, India |
|
PAN No. of
Auditors Firm: |
AACFK3470E |
|
|
|
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Branch Office (Mumbai): |
The Ruby, Level 9, North West Wing, Senapati Bapat Marg, Dadar, Mumbai – 400028, Maharashtra, India |
|
Tel. No.: |
91-22-24393600 |
|
Fax No.: |
91-22-24393700 |
|
|
|
|
Branch Office (Pune): |
Busness Bay, Level 3, Plot No.84, Wellesley Road, Near RTO (Sangam Bridge), Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-26225500 |
|
Fax No.: |
91-20-26225670 |
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|
|
|
Memberships : |
Not Divulged |
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|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Joint Venture : |
· JBM Auto Limited, India, [CIN No.: L74899DL1996PLC083073] · MA SPA, Italy |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
61,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 610.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60,899,200 |
Equity Shares |
Rs.10/- each |
Rs. 608.992 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 |
608.992 |
608.992 |
608.992 |
|
(b) Reserves & Surplus |
92.634 |
26.083 |
(21.264) |
|
(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) |
701.626 |
635.075 |
587.728 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
31.379 |
231.379 |
753.104 |
|
(b) Deferred tax liabilities (Net) |
25.605 |
12.420 |
0.000 |
|
(c) Other long term
liabilities |
399.869 |
336.602 |
0.000 |
|
(d) long-term
provisions |
4.041 |
4.770 |
3.103 |
|
Total Non-current
Liabilities (3) |
460.894 |
585.171 |
756.207 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
481.892 |
558.085 |
667.426 |
|
(b) Trade
payables |
451.633 |
412.721 |
435.665 |
|
(c) Other
current liabilities |
749.037 |
614.470 |
661.636 |
|
(d) Short-term
provisions |
5.720 |
5.172 |
3.364 |
|
Total Current
Liabilities (4) |
1688.282 |
1590.448 |
1768.091 |
|
|
|
|
|
|
TOTAL |
2850.802 |
2810.694 |
3112.026 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1623.638 |
1663.757 |
1690.514 |
|
(ii)
Intangible Assets |
2.663 |
4.642 |
5.024 |
|
(iii) Capital
work-in-progress |
59.689 |
17.719 |
52.590 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
15.283 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
33.632 |
23.464 |
14.264 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1719.622 |
1709.582 |
1777.675 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
281.559 |
303.568 |
348.323 |
|
(c) Trade
receivables |
647.355 |
555.883 |
662.112 |
|
(d) Cash
and cash equivalents |
26.546 |
15.738 |
6.521 |
|
(e)
Short-term loans and advances |
175.720 |
225.923 |
317.395 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1131.180 |
1101.112 |
1334.351 |
|
|
|
|
|
|
TOTAL |
2850.802 |
2810.694 |
3112.026 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL INCOME |
3082.080 |
3617.020 |
NA |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
3046.910 |
3568.510 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
35.170 |
48.510 |
NA |
|
|
|
|
|
|
|
Less |
TAX |
13.190 |
27.700 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
21.980 |
20.810 |
23.399 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(41.210) |
(62.020) |
NA |
|
|
|
|
|
|
|
|
EARNINGS / (LOSS) PER
SHARE (RS.) |
36.09 |
34.17 |
38.42 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
200.000 |
200.000 |
225.000 |
|
Cash generated from operations |
429.355 |
539.633 |
(151.284) |
|
Cash generated from (Used) operations |
NA |
NA |
NA |
|
Cash generated from Operating Activities |
429.355 |
539.633 |
(151.419) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
0.71 |
0.58 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/ Total Income) |
(%) |
1.14 |
1.34 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.26 |
1.74 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.08 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.02 |
1.56 |
2.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.67 |
0.69 |
0.75 |
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 |
608.992 |
608.992 |
608.992 |
|
Reserves & Surplus |
(21.264) |
26.083 |
92.634 |
|
Net
worth |
587.728 |
635.075 |
701.626 |
|
|
|
|
|
|
long-term borrowings |
753.104 |
231.379 |
31.379 |
|
Short term borrowings |
667.426 |
558.085 |
481.892 |
|
Current Maturities of Long term debt |
225.000 |
200.000 |
200.000 |
|
Total
borrowings |
1645.530 |
989.464 |
713.271 |
|
Debt/Equity
ratio |
2.800 |
1.558 |
1.017 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Total Income |
|
3617.020 |
3082.080 |
|
|
|
-- |
(14.790) |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2013 |
31.03.2014 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales
|
|
3617.020 |
3082.080 |
|
Profit |
|
20.810 |
21.980 |
|
|
|
0.58% |
0.71% |
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 |
No |
|
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 |
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from others |
283.802 |
422.188 |
|
Total |
283.802 |
422.188 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10538969 |
29/12/2014 |
150,000,000.00 |
TATA
CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,,
DR. V. B. GANDHI MARG, FORT, MUMBAI, |
C38263653 |
|
2 |
10334378 |
08/03/2013
* |
75,000,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
7TH
FLOOR, AMBADEEP BUILDING, 14, K. G. MARG, CON |
B74031956 |
|
3 |
10212933 |
09/11/2015
* |
100,000,000.00 |
INDUSIND
BANK LIMITED |
DR.GOPAL
DAS BHAWAN, NEW DELHI, DELHI - 110001, INDIA |
C71925150 |
|
4 |
10110560 |
18/11/2013
* |
245,000,000.00 |
AXIS BANK
LIMITED |
CORPORATE
BANKING BRANCH,214/215,CITY MALL, PLOT |
B93857746 |
FIXED ASSETS
- Land and Building
- Furniture’s and Fixtures
- 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 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. 66.30 |
|
|
1 |
Rs. 98.71 |
|
Euro |
1 |
Rs. 72.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
SYL |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
41 |
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.