MIRA INFORM REPORT
|
Report No. : |
306603 |
|
Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAYLON IMPEX INDIA PRIVATE LIMITED [w.e.f.28.09.2000] |
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Formerly Known
As : |
JAYLON AGENCIES PRIVATE LIMITED |
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Registered
Office : |
Office No. 6, 2nd Floor, New Common Wealth Cooperative Society Limited,
229, Linking Road, Bandra (West), Mumbai – 400050, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
30.10.1991 |
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Com. Reg. No.: |
11-063844 |
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Capital Investment
/ Paid-up Capital : |
Rs. 40.000 Millions |
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CIN No.: [Company Identification
No.] |
U51109MH1991PTC063844 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ08983C |
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PAN No.: [Permanent Account No.] |
AAACJ9739N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader, Importer and Exporter of Yarn, Fabrics, Dry Fruits, Pulses,
etc. |
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No. of Employees
: |
125 (100 in Office and 25 in Branch) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 270000 |
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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 moderate track record. Profitability of the company reported to be low. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
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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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mrs. Beena Goradia |
|
Designation : |
Manager for International Business |
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Contact No.: |
91-8879222942 |
|
Date : |
07.02.2015 |
LOCATIONS
|
Registered Office : |
Office No. 6, 2nd Floor, New Common Wealth Cooperative Society
Limited, 229, Linking Road, Bandra (West), Mumbai – 400050, Maharashtra,
India |
|
Tel. No.: |
91-22-26407624/ 26407625/ 26407626 |
|
Mobile No.: |
91-8879222942 (Mrs. Beena Goradia) |
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Fax No.: |
91-22-26407629 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
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|
Factory : |
7005, World Trade Centre, Ring Road, Surat – 395002, Gujarat, India |
|
Location : |
Rented |
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|
|
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Branch Office : |
Pavitra
Nonwovens Private Limited 11, Manju Villa, 246, Waterfield Road, Bandra (West), Mumbai – 400050,
Maharashtra, India |
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Tel. No.: |
91-22-26408741/ 7232 |
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Fax No.: |
91-22-26404269 |
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Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Jai Motilal Kaushik |
|
Designation : |
Director |
|
Address : |
Flat No. 4, Nugget Building, 18th Road, Khar, Mumbai -
400052, Maharashtra, India |
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Date of Birth/Age : |
05.06.1951 |
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Qualification : |
M. Com |
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Date of Appointment : |
30.10.1991 |
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PAN No.: |
AGUPK1857F |
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DIN No.: |
00706923 |
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|
|
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Name : |
Mr. Karan Jai Kaushik |
|
Designation : |
Director |
|
Address : |
Flat No. 4, Nugget Building, 18th Road, Khar, Mumbai -
400052, Maharashtra, India |
|
Date of Birth/Age : |
25.09.1980 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
01.06.2001 |
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PAN No.: |
AFTPK9778B |
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DIN No.: |
00706951 |
KEY EXECUTIVES
|
Name : |
Mrs. Beena Goradia |
|
Designation : |
Manager for International Business |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jai Motilal Kaushik |
|
102990 |
|
Pushpa Jai Kaushik |
|
70000 |
|
Ajaykumar Motilal Kaushik |
|
8780 |
|
Rajendra Prasad Sharma |
|
8500 |
|
Vinod Prasad Sharma |
|
8300 |
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Motilal Kaushik |
|
8500 |
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Mehak Jai Kaushik |
|
42000 |
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Karan Jai Kaushik |
|
42000 |
|
Geeta Ajay Kaushik |
|
8990 |
|
Arun Madanlalji Kaushik |
|
8490 |
|
Deshbandhu Rattanlal Kaushik |
|
8490 |
|
Jai Motilal Kaushik HUF |
|
8470 |
|
Savitri Motilal Kaushik |
|
8490 |
|
Sucheta Mehak Kaushik |
|
33000 |
|
Sweksha Karan Kaushik |
|
33000 |
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Total |
|
400000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
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Directors
or relatives of directors |
100.00 |
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|
|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader, Importer and Exporter of Yarn, Fabrics, Dry Fruits, Pulses,
etc. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Wheat, Rice and Sugar |
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Countries : |
· Asian Country Middle East Africa |
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Imports : |
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Products : |
Yarn, Dry Fruits |
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Countries : |
· Russia Ukraine Malaysia |
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Terms : |
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Selling : |
Cash and Credit [30 Days] |
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Purchasing : |
Cash and Credit [30 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
125 (100 in Office and 25 in Branch) (Approximately) |
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Bankers : |
· Allahabad Bank Ghatkopar Branch, K. K. Chhaya Building, Pantanagar, Ghatkopar (East), Mumbai - 400077, Maharashtra, India · United Bank of India Khar [West] Branch, Gopi Kunj, Plot No. 506, 1st Road, Khar [West], Mumbai – 400052, Maharashtra, India ·
Indian Overseas Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S.K. Khanna and Company Chartered Accountants |
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Address : |
22/7, Sneh Sagar, Juhu Gulmohar Cross Road No. 12, Juhu,
Mumbai – 400049, Maharashtra, India |
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Tel. No.: |
91-22-26712296/ 30648653 |
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Income-tax
PAN of auditor or auditor's firm : |
ADIPK8613N |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Pavitra Nonwovens Private Limited [U51311MH2008PTC187435] Pavitra Farms Private Limited [U01403GJ2008PTC055144] Pavitra Infotech Suvin Advisors Private Limited [U74140MH2010PTC209485] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400,000 |
Equity Shares |
Rs. 100/- each |
Rs. 40.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400,000 |
Equity Shares |
Rs. 100/- each |
Rs. 40.000 Millions |
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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 |
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|
(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
40.000 |
40.000 |
18.201 |
|
(b) Reserves & Surplus |
54.505 |
52.056 |
43.610 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
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(2) Share Application money
pending allotment |
0.000 |
85.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
94.505 |
177.056 |
61.811 |
|
|
|
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(3) Non-Current
Liabilities |
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(a) Long-term borrowings |
214.579 |
155.352 |
99.567 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
206.719 |
205.934 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
421.298 |
361.286 |
99.567 |
|
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(4) Current Liabilities |
|
|
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(a)
Short term borrowings |
20.130 |
17.743 |
10.222 |
|
(b)
Trade payables |
891.640 |
1053.160 |
763.585 |
|
(c)
Other current liabilities |
0.961 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
0.582 |
0.860 |
1.889 |
|
Total Current
Liabilities (4) |
913.313 |
1071.763 |
775.696 |
|
|
|
|
|
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TOTAL |
1429.116 |
1610.105 |
937.074 |
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
154.171 |
154.321 |
155.256 |
|
(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) |
0.134 |
0.137 |
0.036 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
154.305 |
154.458 |
155.292 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
26.244 |
20.796 |
23.171 |
|
(c)
Trade receivables |
891.334 |
979.219 |
565.138 |
|
(d) Cash
and cash equivalents |
179.929 |
306.057 |
124.669 |
|
(e) Short-term
loans and advances |
177.304 |
149.575 |
68.804 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1274.811 |
1455.647 |
781.782 |
|
|
|
|
|
|
TOTAL |
1429.116 |
1610.105 |
937.074 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
3647.210 |
3500.156 |
2563.063 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
3577.914 |
3398.069 |
2500.969 |
|
|
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|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
69.296 |
102.087 |
62.094 |
|
|
|
|
|
|
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|
Less |
FINANCIAL
EXPENSES (D) |
65.530 |
90.223 |
52.855 |
|
|
|
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|
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|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.766 |
11.864 |
9.239 |
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.210 |
0.261 |
0.395 |
|
|
|
|
|
|
|
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|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.556 |
11.603 |
8.844 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.106 |
3.157 |
2.692 |
|
|
|
|
|
|
|
|
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|
PROFIT AFTER TAX
(G-H) (I) |
2.450 |
8.446 |
6.152 |
|
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|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.13 |
21.12 |
33.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.25 |
0.72 |
0.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.07 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.48 |
0.98 |
1.78 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
1.36 |
1.01 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
18.201 |
40.000 |
40.000 |
|
Reserves & Surplus |
43.610 |
52.056 |
54.505 |
|
Share Application money pending allotment |
0.000 |
85.000 |
0.000 |
|
Net
worth |
61.811 |
177.056 |
94.505 |
|
|
|
|
|
|
Long-term borrowings |
99.567 |
155.352 |
214.579 |
|
Short term borrowings |
10.222 |
17.743 |
20.130 |
|
Total
borrowings |
109.789 |
173.095 |
234.709 |
|
Debt/Equity ratio |
1.776 |
0.978 |
2.484 |
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) |
|
Total Income |
2563.063 |
3500.156 |
3647.210 |
|
|
|
36.561 |
4.201 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
2563.063 |
3500.156 |
3647.210 |
|
Profit |
6.152 |
8.446 |
2.450 |
|
|
0.24% |
0.24% |
0.07% |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10420847 |
30/03/2013 |
40,000,000.00 |
UNITED BANK OF INDIA |
KHAR (WEST) BRANCH, GOPI KUNJ, PLOT NO.506, 1ST ROAD, KHAR (WEST), MUMBAI, MAHARASHTRA - 400052, INDIA |
B73482630 |
|
2 |
10420876 |
30/03/2013 |
70,000,000.00 |
UNITED BANK OF INDIA |
KHAR (WEST) BRANCH, GOPI KUNJ, PLOT NO.506, 1ST ROAD, KHAR (WEST), MUMBAI, MAHARASHTRA - 400052, INDIA |
B73490567 |
|
3 |
10348249 |
07/06/2014 * |
150,000,000.00 |
ALLAHABAD BANK |
KHAR BRANCH, VASU SMRITI- PLOT 383A, 13TH FLOOR, KHAR (WEST), MUMBAI, MAHARASHTRA - 400052, INDIA |
C08938185 |
|
4 |
10169984 |
27/07/2010 * |
240,000,000.00 |
ORIENTAL BANK OF COMMERCE |
OVERSEAS BRANCH, DALAMAL TOWERS, 211 NARIMAN POINT, NARIMAN POINT, MUMBAI, MUMBAI, MAHARASHTRA - 400021, INDIA |
A94196557 |
|
5 |
90154083 |
05/01/2013 * |
610,000,000.00 |
INDIAN OVERSEAS BANK |
NEW MARINE LINES
BRANCH, MERCHANT CHAMBER, GROUND |
B67119115 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
76.978 |
0.340 |
|
Other loans and advances |
137.601 |
155.012 |
|
|
|
|
|
Total |
214.579 |
155.352 |
CORPORATE INFORMATION
Subject is a private limited company incorporated under
Companies Act, 1956. Company is carrying it business from its main office at Bandra,
Mumbai and it also has a branch office operating from Surat.
FIXED ASSETS:
· Land
Buildings
Plant
and equipment
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Other
equipments
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. 61.74 |
|
|
1 |
Rs. 94.65 |
|
Euro |
1 |
Rs. 70.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.