MIRA INFORM REPORT
|
Report No. : |
355825 |
|
Report Date : |
28.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAYKAL EXPORTS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
JAYKAL EXPORTS LIMITED |
|
|
|
|
Registered
Office : |
3A, Victoria Plaza, 3rd Floor, S.V. Road, Santacruz (West), Mumbai -
400014, Maharashtra |
|
Tel. No.: |
91-22-42575000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
15.01.1993 |
|
|
|
|
Com. Reg. No.: |
11-076762 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1993PTC070414 |
|
|
|
|
IEC No.: |
0393004066 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ08669D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ1697H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of export of engineering goods and trading in commodities and shares. (Registered
Activity) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1993 having
satisfactory track. Turnover and profit of the company has declined during FY2015. However,
the company has able to maintain a good profit margin at 8.3% approx. The rating takes into consideration strong net worth base and debt
free balance sheet of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. In view of long track record of business operations, the company can
be considered for business dealings with usual trade terms and conditions. |
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
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 : |
3A, Victoria Plaza, 3rd Floor, S.V. Road, Santacruz (West), Mumbai -
400014, Maharashtra, India |
|
Tel. No.: |
91-22-42575000 |
|
Fax No.: |
91-22-42575005 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Kalpesh Hasmukh Shah |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
7/8, Chitrakoot Apartment, 15th Khar Danda Road, Khar (West), Mumbai - 400052, Maharashtra, India |
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|
Date of Appointment : |
15.01.1993 |
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|
DIN No.: |
00173270 |
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|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Stephen Stellus |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
801/41, Vasant Vihar, 2nd Pokharna Road, Majiwada, Thane - 400601, Maharashtra, India |
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|
Date of Appointment : |
01.06.2008 |
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|
DIN No.: |
00173370 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ravi Vasudeo Agrawal |
|||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
1202, Kanchanganga Co-operative Housing Society, Manish Nagar, Andheri West, Mumbai - 400053, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2012 |
|||||||||||||||||||||||||||
|
DIN No.: |
05124189 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS
AS ON 05.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Kalpesh Shah |
|
845500 |
|
Mr. Jayesh Shah |
|
154500 |
|
Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 05.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of export of engineering goods and trading in commodities and shares. (Registered
Activity) |
|
|
|
|
Products : |
Not Available |
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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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|
|
|
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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|
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|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Kabra Associates Chartered Accountants |
|
Address : |
204, Niranjan, 99, Marine Drive, Mumbai - 400014, Maharashtra, India |
|
Tel. No.: |
91-22-66340027/ 8 |
|
Fax No.: |
91-22-66340025 |
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E-Mail : |
|
|
PAN No. of
Auditors Firm: |
AABFM5187B |
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|
|
|
Memberships : |
Not Divulged |
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|
|
|
Collaborators : |
Not Divulged |
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|
|
|
Subsidiary Companies: |
|
CAPITAL STRUCTURE
AS ON 23.09.2015
Authorised 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 |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
381.692 |
345.440 |
300.798 |
|
(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) |
391.692 |
355.440 |
310.798 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
1.600 |
4.800 |
|
(b) Deferred tax liabilities (Net) |
4.335 |
5.183 |
0.035 |
|
(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) |
4.335 |
6.783 |
4.835 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
1.800 |
31.613 |
|
(b) Trade
payables |
0.645 |
2.152 |
0.955 |
|
(c) Other
current liabilities |
2.561 |
23.273 |
24.302 |
|
(d) Short-term
provisions |
2.066 |
2.806 |
3.476 |
|
Total Current
Liabilities (4) |
5.272 |
30.031 |
60.346 |
|
|
|
|
|
|
TOTAL |
401.299 |
392.254 |
375.979 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
32.491 |
34.644 |
35.038 |
|
(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 |
0.201 |
0.176 |
|
(b) Non-current Investments |
206.913 |
198.000 |
198.350 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.029 |
0.029 |
0.130 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
239.433 |
232.874 |
233.694 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
79.017 |
75.000 |
30.000 |
|
(b)
Inventories |
18.932 |
22.362 |
17.087 |
|
(c) Trade
receivables |
0.295 |
4.909 |
12.163 |
|
(d) Cash
and cash equivalents |
16.495 |
12.459 |
30.932 |
|
(e) Short-term
loans and advances |
42.774 |
37.447 |
45.268 |
|
(f) Other
current assets |
4.353 |
7.203 |
6.835 |
|
Total
Current Assets |
161.866 |
159.380 |
142.285 |
|
|
|
|
|
|
TOTAL |
401.299 |
392.254 |
375.979 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
556.472 |
660.265 |
673.854 |
|
|
Other Income |
18.715 |
17.199 |
3.548 |
|
|
TOTAL SALES |
575.187 |
677.464 |
677.402 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
472.961 |
565.777 |
588.363 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
3.430 |
(5.274) |
0.054 |
|
|
Direct Trading Expenses |
11.932 |
14.380 |
15.175 |
|
|
Employees benefits expense |
11.358 |
11.270 |
10.268 |
|
|
Other expenses |
11.417 |
13.124 |
12.631 |
|
Exceptional Items |
(5.089) |
(9.317) |
(35.289) |
|
|
|
TOTAL EXPENSES |
506.009 |
589.960 |
591.202 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
69.178 |
87.504 |
86.200 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.849 |
1.558 |
1.260 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
68.329 |
85.946 |
84.940 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
5.507 |
3.445 |
4.119 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
62.822 |
82.501 |
80.821 |
|
|
|
|
|
|
|
Less |
TAX |
16.240 |
27.479 |
16.494 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
46.582 |
55.022 |
64.327 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
36.251 |
44.642 |
64.327 |
|
|
Dividend |
10.000 |
10.000 |
0.000 |
|
|
Tax on Dividend |
0.331 |
0.380 |
0.000 |
|
|
Total |
46.582 |
55.022 |
64.327 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
501.339 |
513.965 |
526.716 |
|
|
Commission on Foreign Bills |
15.512 |
23.121 |
17.209 |
|
|
TOTAL EARNINGS |
516.851 |
537.086 |
543.925 |
|
|
|
|
|
|
|
|
EARNINGS / (LOSS) PER
SHARE (RS.) |
46.58 |
55.02 |
64.33 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
0.000 |
3.200 |
3.200 |
|
Cash generated from operations |
30.312 |
60.483 |
41.170 |
|
Cash generated from (Used) operations |
NA |
NA |
NA |
|
Net Cash Flow generated from Operating Activities |
11.038 |
37.687 |
24.176 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
8.37 |
8.33 |
9.55 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
12.43 |
13.25 |
12.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
32.32 |
42.51 |
45.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.23 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.02 |
0.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
30.70 |
5.31 |
2.36 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
300.798 |
345.440 |
381.692 |
|
Net
worth |
310.798 |
355.440 |
391.692 |
|
|
|
|
|
|
long-term borrowings |
4.800 |
1.600 |
0.000 |
|
Short term borrowings |
31.613 |
1.800 |
0.000 |
|
Current Maturities of Long term debt |
3.200 |
3.200 |
0.000 |
|
Total
borrowings |
39.613 |
6.600 |
0.000 |
|
Debt/Equity
ratio |
0.127 |
0.019 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
673.854 |
660.265 |
556.472 |
|
|
|
(2.017) |
(15.720) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
673.854 |
660.265 |
556.472 |
|
Profit |
64.327 |
55.022 |
46.582 |
|
|
9.55% |
8.33% |
8.37% |
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 |
No |
|
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 |
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 |
Note:
Registered office of the company is shifted from 11, Damji Shamji Udyog Bhavan, Veera Desai Road, Andheri (West), Mumbai – 400053, Maharashtra, India to present address w.e.f. 01.01.2011.
CORPORATE
INFORMATION:
JAYKAL EXPORTS PRIVATE LIMITED is a company incorporated under the Company’s Act 1956. The company’s registered office is situated at 3A, Victoria Plaza, 3rd Floor, S.V. Road, Santacruz (West), Mumbai - 400014, Maharashtra, India. Company is engaged in the business of export of engineering goods and trading in commodities and shares. The said business is carried on from the premises referred to hereinbefore.
UNSECURED LOAN
|
Particulars |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loan from other than bank |
0.000 |
4.800 |
|
Less: current maturities |
0.000 |
(3.200) |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
1.800 |
|
Total |
0.000 |
3.400 |
NOTE:
LONG TERM
BORROWING:
Term loan from other than bank carry interest rate of 18% p.a. and is
repayable in 10 quarterly installments of Rs. 800000 each commencing from June 2013.
However, the above loan has been prepaid completely in the F.Y. 2014-15.
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10606730 |
03/12/2015 |
40,000,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
27BKC,
C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST),, MUMBAI, MAHARASHTRA -
400051, INDIA |
C72582158 |
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. 66.20 |
|
|
1 |
Rs. 98.30 |
|
Euro |
1 |
Rs. 72.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SYL |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
51 |
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.