MIRA INFORM REPORT
|
Report No. : |
306062 |
|
Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
JJ PV SOLAR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.236, Plot No.2, N.H. 8-B, Village Veraval (Shapar), Taluka Kotda
Sangani, |
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|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.05.2010 |
|
|
|
|
Com. Reg. No.: |
04-060541 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200GJ2010PTC060541 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTJ02174E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCJ3517A |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of Solar Modules for Power Preset, Pumps Pumping
Equipment and Energy Conservation Products and also engaged in Real Estate
Business. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 83000 |
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|
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The
profitability of the company appears to be low. However, Trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
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 |
CRISIL |
|
Rating |
Long term rating=B+ |
|
Rating Explanation |
High risk of default. |
|
Date |
09.01.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
LOCATIONS
|
Registered Office/ Factory : |
Survey No.236, Plot No.2, N.H. 8-B, Village Veraval (Shapar), Taluka
Kotda Sangani, |
|
Tel. No.: |
91-2827-254472/ 254474/ 2370801 |
|
Fax No.: |
91-2827-254476/ 2374422 |
|
E-Mail : |
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|
Branch Office : |
Located at: ·
Gujarat
·
Maharashtra
·
Jammu
and Kashmir ·
Karnataka ·
Tamilnadu |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rajendra Ramniklal Raval |
|
Designation : |
Director |
|
Address : |
Shankarwadi, |
|
Date of Birth/Age : |
05.04.1977 |
|
Date of Appointment : |
15.06.2010 |
|
DIN No.: |
00522067 |
|
|
|
|
Name : |
Mr. Damjibhai Nathubhai Akbari |
|
Designation : |
Director |
|
Address : |
Ashirvad-3,
Tagore Nagar, |
|
Date of Birth/Age : |
25.06.1958 |
|
Date of Appointment : |
04.05.2010 |
|
DIN No.: |
01734812 |
|
|
|
|
Name : |
Mr. Prashant Damjibhai Akbari |
|
Designation : |
Director |
|
Address : |
Ashirvad-3, Tagore Nagar, |
|
Date of Birth/Age : |
07.03.1985 |
|
Date of Appointment : |
04.05.2010 |
|
DIN No.: |
01740754 |
|
|
|
|
Name : |
Jasmin Jasmatbhai Patel |
|
Designation : |
Director |
|
Address : |
106, 1st Floor, D-17, Yogiraj Apartments, Yoginagar, Borivali (West),
Mumbai, |
|
Date of Birth/Age : |
16.05.1979 |
|
Date of Appointment : |
15.05.2010 |
|
DIN No.: |
03030002 |
|
|
|
|
Name : |
Mr. Hiteshbhai Nathubhai Akbari |
|
Designation : |
Director |
|
Address : |
Ashirwad, Tagor Nagar 3, B/H. Saurashtra High School, Near Kotecha
Chowk, |
|
Date of Birth/Age : |
28.04.1979 |
|
Date of Appointment : |
15.05.2010 |
|
DIN No.: |
03031035 |
|
|
|
|
Name : |
Mr. Prashant Jayantilal Tilala |
|
Designation : |
Director |
|
Address : |
'Meet', 1, Planery Bungalows, Opposite Pavan Park, Satya Sai Heart Hospital
Road, Kalawad Road, Rajkot – 360 005, Gujarat, India |
|
Date of Birth/Age : |
14.03.1979 |
|
Date of Appointment : |
15.06.2010 |
|
E-Mail : |
|
|
DIN No.: |
03079787 |
|
|
|
|
Name : |
Mr. Rajeshkumar Pravin Joshi |
|
Designation : |
Director |
|
Address : |
37, Ashray Bungalows, Near |
|
Date of Birth/Age : |
22.04.1973 |
|
Date of Appointment : |
15.06.2010 |
|
E-Mail : |
|
|
DIN No.: |
03130297 |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Damjibhai Nathubhai Akbari |
75000 |
|
Prashant Damjibhai Akbari |
25000 |
|
Ansuyaben Damjibhai Akbari |
25000 |
|
Hiteshbhai Nathubhai Akbari |
25000 |
|
Kajal Hiteshbhai Akbari |
25000 |
|
Vipul Nathubhai Akbari |
25000 |
|
Darshakbhai D. Akbari |
25000 |
|
Jasmin J. Patel |
25000 |
|
Pareeta J. Patel |
25000 |
|
Jasmin J. Patel - HUF |
25000 |
|
Jayantilal Hansrajbhai Tilala |
5000 |
|
Bhaviniben Nikhil Tilala |
5200 |
|
Shardaben Jayantilal Tilala |
6000 |
|
Prashantbhai Jayantilal Tilala |
13000 |
|
Diptiben Prashantbhai Tilala |
6800 |
|
Nikhilbhai Jayantilal Tilala |
14000 |
|
Ramniklal B. Raval - HUF |
20000 |
|
Pushkarbhai Ramniklal Raval - HUF |
20000 |
|
Rajendrabhai Ramniklal Raval - HUF |
20000 |
|
Ramniklal B. Raval |
10000 |
|
Pushkarbhai Ramniklal Raval |
10000 |
|
Rashilaben Ramniklal Raval |
10000 |
|
Rekhaben Pushkarbhai Raval |
10000 |
|
Rajeshbhai P. Joshi – HUF |
16000 |
|
Rajeshbhai P. Joshi |
16000 |
|
Minaxiben Rajeshbhai Joshi |
18000 |
|
Rajendra Ramniklal Raval |
32000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Solar Modules for Power Preset, Pumps Pumping
Equipment and Energy Conservation Products and also engaged in Real Estate
Business. |
|
|
|
|
Products : |
· Solar Module · Solar Power Plant
· Solar Lighting Systems
· Solar Water Pumping Systems |
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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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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Addison Cable Private Limited · Bhagyanagar Energy And Telecom Private Limited · Clean Packaging Private Limited · Eternity Power Solutions Private Limited · Gujarat Borosil Limited · Naina Semiconductor Limited · Sumitron Exports Private Limited · Sundak Solar Solutions Private Limited · Surana Venture Limited · Eagle Tradelinks Private Limited · Glory Tradelinks Private Limited · Marasa Hospitality Private Limited |
|||||||||||||||||||||||||||
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|||||||||||||||||||||||||||
|
Customers : |
· Emeral Energy Solution Private Limited · Dakshin Gujarat Vij Company Limited · Eldoraa Industries India Private Limited · Gt Multifarious Services Private Limited · Jasper Remdies Private Limited · Linear Energy Private Limited · Madhya Gujarat Vij Company Limited · Reliable Dye Chem Private Limited · Ruttonsha Intrenational Rectifier Limited · Saras Spares and Agencies Private Limited · Sonali Energees Private Limited · Steam Power Enertech Private Limited · Selvaganapathe Yarn Agency Private Limited · Shikovi Heatgen Tchnologies Private Limited |
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No. of Employees : |
Not Available |
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Bankers : |
Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
MMV and Associates Chartered Accountants |
|
Address : |
201, Shree Hari Commercial Complex, Kotak Street 1, Sanganva Chowk,
Rajkot –
360001, Gujarat, India |
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PAN No.: |
AAXFM8365P |
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Membership : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each
|
Rs.5.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each
|
Rs.5.000 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
24.219 |
21.962 |
20.205 |
|
(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) |
29.219 |
26.962 |
25.205 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
44.655 |
28.485 |
24.333 |
|
(b) Deferred tax liabilities (Net) |
1.061 |
0.730 |
0.295 |
|
(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) |
45.716 |
29.215 |
24.628 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
88.983 |
108.740 |
96.950 |
|
(b) Trade
payables |
3.670 |
12.272 |
7.866 |
|
(c) Other
current liabilities |
15.589 |
10.428 |
4.912 |
|
(d) Short-term
provisions |
0.189 |
0.170 |
0.017 |
|
Total Current
Liabilities (4) |
108.431 |
131.610 |
109.745 |
|
|
|
|
|
|
TOTAL |
183.366 |
187.787 |
159.578 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
66.610 |
59.049 |
67.008 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.246 |
0.210 |
0.210 |
|
(e) Other
Non-current assets |
1.718 |
2.502 |
3.336 |
|
Total Non-Current
Assets |
68.574 |
61.761 |
70.554 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
56.535 |
46.071 |
67.072 |
|
(c) Trade
receivables |
44.447 |
49.821 |
10.010 |
|
(d) Cash
and cash equivalents |
7.896 |
17.490 |
9.681 |
|
(e)
Short-term loans and advances |
2.261 |
2.397 |
1.932 |
|
(f) Other
current assets |
3.653 |
10.247 |
0.329 |
|
Total
Current Assets |
114.792 |
126.026 |
89.024 |
|
|
|
|
|
|
TOTAL |
183.366 |
187.787 |
159.578 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL
INCOME (A) |
305.179 |
237.164 |
79.810 |
|
|
|
|
|
|
|
Less |
EXPENSES (B) |
281.324 |
214.648 |
63.252 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
23.855 |
22.516 |
16.558 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.214 |
11.406 |
6.800 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
11.641 |
11.110 |
9.758 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
7.698 |
8.523 |
8.858 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
3.943 |
2.587 |
0.900 |
|
|
|
|
|
|
|
Less |
TAX (H) |
1.230 |
0.811 |
0.295 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
2.713 |
1.776 |
0.605 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY ON FOB |
0.133 |
7.649 |
2.932 |
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS – RAW MATERIAL |
8.206 |
17.982 |
41.189 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.43 |
-- |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.15 |
1.38 |
0.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.10 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.57 |
5.09 |
4.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
0.96 |
0.81 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
20.205 |
21.962 |
24.219 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
25.205 |
26.962 |
29.219 |
|
|
|
|
|
|
long-term borrowings |
24.333 |
28.485 |
44.655 |
|
Short term borrowings |
96.950 |
108.740 |
88.983 |
|
Total
borrowings |
121.283 |
137.225 |
133.638 |
|
Debt/Equity
ratio |
4.812 |
5.090 |
4.574 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs. In
Millions |
Rs.
In Millions |
|
Sales |
79.810 |
237.164 |
305.179 |
|
|
|
197.161 |
28.678 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
79.810 |
237.164 |
305.179 |
|
Profit |
0.605 |
1.776 |
2.713 |
|
|
0.76% |
0.75% |
0.89% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10500642 |
10/04/2014 |
7,500,000.00 |
Bank of India |
Main Branch, Parabazar, Rajkot, Gujarat - 360001, India |
C05396486 |
|
2 |
10247954 |
22/10/2010 |
119,500,000.00 |
Bank of India |
Main Branch, Parabazar, Rajkot, Gujarat - 360001, India |
A98112436 |
FIXED ASSETS:
· Land
· Factory Building
· Plant and Machinery
· Electric Fittings
· Furniture
· Computer System
· Intangible Assets
·
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 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.61.87 |
|
|
1 |
Rs.94.07 |
|
Euro |
1 |
Rs.70.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
34 |
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.