MIRA INFORM REPORT
|
Report No. : |
330937 |
|
Report Date : |
09.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
J.K. HELENE CURTIS LIMITED |
|
|
|
|
Registered
Office : |
New Hind House, Narottam
Morarji Marg, Mumbai – 400 038, Maharashtra |
|
Tel. No.: |
91-22-61528219 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.03.1964 |
|
|
|
|
Com. Reg. No.: |
11-012865 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.800
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1964PLC012865 |
|
|
|
|
IEC No.: |
0388067977 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ2511L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of trading of Cosmetics
and Toiletries. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “J.K. Investo Trade (India) Limited”. It is
an established company having fine track record. For the financial year ended 2014, company has reported healthy
operational performance and it has achieved 16.93% topline growth along with
sound profitability margins of 6.82%. Rating also takes into consideration company’s healthy financial risk profile
marked by adequate networth base and strong financial as well as managerial
support that company receives from its holding company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. In view of aforesaid, the company can be considered good for business
dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. U.S. Amio |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-61528219 |
|
Date : |
07.07.2015 |
LOCATIONS
|
Registered Office : |
New Hind House, Narottam Morarji
Marg, Mumbai – 400 038, Maharashtra, India |
|
Tel. No.: |
91-22-61528219/ 66046000 |
|
Fax No.: |
91-22-22620052 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administrative Office : |
Pokhran Road No.1, Jekegram, Thane – 400 606, Maharashtra,
India |
|
Tel. No.: |
91-22-61528200 |
|
Fax No.: |
91-22-25344018 |
|
|
|
|
Branch Office 1 : |
Chatterjee
International Centre, 5th Floor, Flat No.A-6/33, J.L. Nehru Road, Kolkata – 700 071, West Bengal,
India |
|
Tel. No.: |
91-33-22270888 |
|
|
|
|
Branch Office 2/ Warehouse : |
Shalimar Cold Storage,
Gate No.1, Anishabad, Patna – 800 002, Bihar, India |
DIRECTORS
AS ON 30.05.2014
|
Name : |
Mr.
Nabankur Gupta |
|
Designation : |
Director |
|
Address : |
11,
Jayshree, 75, Worli Sea Face, Worli, Mumbai – 400 025, Maharashtra, India |
|
Date of Birth/Age : |
15.10.1948 |
|
Qualification : |
B. Tech. (Elect) A.M.P. in Marketing Management |
|
Date of Appointment : |
26.02.2005 |
|
DIN No.: |
00020125 |
|
|
|
|
Name : |
Dr.
Vijaypat Singhania |
|
Designation : |
Director |
|
Address : |
J.K.
House, 59A, Bhulabhai Desai Road, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
04.10.1938 |
|
Qualification : |
A.M.P. (Harvard) |
|
Date of Appointment : |
26.09.1984 |
|
DIN No.: |
00020063 |
|
|
|
|
Name : |
Mr.
Gautam Hari Singhania |
|
Designation : |
Director |
|
Address : |
J.K.
House, 59A, Bhulabhai Desai Road, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
09.09.1965 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
26.12.1989 |
|
DIN No.: |
00020088 |
|
|
|
|
Name : |
Mr.
Sunder Hariharan |
|
Designation : |
Director |
|
Address : |
5C,
Regency Park-B, Eden Woods Complex, Gladys Alvares Marg, Off Pokharan Road-2,
Thane – 400 610, Maharashtra, India |
|
Date of Birth/Age : |
26.07.1959 |
|
Qualification : |
B.Com, ACA |
|
Date of Appointment : |
24.05.2012
|
|
DIN No.: |
00020583 |
KEY EXECUTIVES
|
Name : |
Mr. U.S. Amio |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.05.2014
|
Names of Shareholders |
|
No. of Shares |
|
J.K. Investo Trade (India) Limited, India |
|
979888 |
|
J.K. Investo Trade (India) Limited, India jointly
with Vijaypat K.
Singhania |
|
16 |
|
J.K. Investo Trade (India) Limited, India jointly
with Veena A. Singhania |
|
16 |
|
J.K. Investo Trade (India) Limited, India jointly
with Gautam Hari
Singhania |
|
16 |
|
J.K. Investo Trade (India) Limited, India jointly
with Ramkaran Ganeriwala |
|
16 |
|
J.K. Investo Trade (India) Limited, India jointly
with Shantilal Pokharna |
|
16 |
|
J.K. Investo Trade (India) Limited, India jointly
with Gyanmal Jain |
|
16 |
|
J.K. Investo Trade (India) Limited, India jointly
with Thomas Fernandes |
|
16 |
|
Total |
|
980000 |
AS ON 30.05.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of trading of Cosmetics
and Toiletries. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash, Advance Payment and Cheque |
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Purchasing : |
Cash, Advance Payment and Cheque
|
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A.F.
Ferguson and Company Chartered Accountants |
|
Address : |
12, Dr. Annie Besant
Road, Opposite Shiv Sagar Estate, Worli, Mumbai – 400 018, Maharashtra, India
|
|
Income-tax
PAN of auditor or auditor's firm : |
AABFA5846M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
J.K. Investo Trade (India) Limited, India (CIN
No.: U99999MH1947PLC005735) |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
|
CAPITAL STRUCTURE
AS ON 30.05.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
980000 |
Equity Shares |
Rs.10/- each |
Rs.9.800
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 |
9.800 |
9.800 |
9.800 |
|
(b) Reserves & Surplus |
1059.400 |
861.023 |
636.950 |
|
(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) |
1069.200 |
870.823 |
646.750 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
3.248 |
4.012 |
3.368 |
|
Total Non-current Liabilities (3) |
3.248 |
4.012 |
3.368 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
273.886 |
295.265 |
205.316 |
|
(c) Other current liabilities |
41.489 |
34.085 |
30.360 |
|
(d) Short-term provisions |
1.268 |
1.412 |
7.238 |
|
Total Current Liabilities (4) |
316.643 |
330.762 |
242.914 |
|
|
|
|
|
|
TOTAL |
1389.091 |
1205.597 |
893.032 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
38.344 |
27.184 |
19.634 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
1.932 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
778.430 |
575.360 |
240.341 |
|
(c) Deferred tax assets (net) |
0.670 |
1.766 |
1.028 |
|
(d)
Long-term Loan and Advances |
16.356 |
20.668 |
20.924 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
835.732 |
624.978 |
281.927 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
8.947 |
160.065 |
222.673 |
|
(b) Inventories |
223.450 |
224.158 |
229.740 |
|
(c) Trade receivables |
104.886 |
135.369 |
108.879 |
|
(d) Cash and cash equivalents |
152.558 |
35.371 |
26.834 |
|
(e) Short-term loans and advances |
62.000 |
25.644 |
22.161 |
|
(f) Other current assets |
1.518 |
0.012 |
0.818 |
|
Total Current Assets |
553.359 |
580.619 |
611.105 |
|
|
|
|
|
|
TOTAL |
1389.091 |
1205.597 |
893.032 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
2910.590 |
2489.132 |
2097.412 |
|
|
|
Other Income |
33.157 |
36.511 |
15.826 |
|
|
|
TOTAL |
2943.747 |
2525.643 |
2113.238 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
1644.815 |
1347.404 |
1186.886 |
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
0.708 |
5.582 |
(31.688) |
|
|
|
Employee benefit expense |
184.442 |
152.159 |
130.674 |
|
|
|
Other expenses |
812.289 |
695.623 |
546.156 |
|
|
|
TOTAL |
2642.254 |
2200.768 |
1832.028 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
301.493 |
324.875 |
281.210 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
301.493 |
324.875 |
281.210 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
5.820 |
4.040 |
4.523 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
295.673 |
320.835 |
276.687 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
97.296 |
96.762 |
87.572 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
198.377 |
224.073 |
189.115 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
7.822 |
14.600 |
13.720 |
|
|
TOTAL IMPORTS |
7.822 |
14.600 |
13.720 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
202.43 |
228.65 |
192.97 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
NA |
NA |
NA |
|
Cash generated
from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
274.652 |
363.779 |
271.687 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.82 |
9.00 |
9.02 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.36 |
13.05 |
13.41 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
48.63 |
51.05 |
42.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.37 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.75 |
1.76 |
2.52 |
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 |
9.800 |
9.800 |
9.800 |
|
Reserves & Surplus |
636.950 |
861.023 |
1059.400 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
646.750 |
870.823 |
1069.200 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
2097.412 |
2489.132 |
2910.590 |
|
|
|
18.676 |
16.932 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
2097.412 |
2489.132 |
2910.590 |
|
Profit |
189.115 |
224.073 |
198.377 |
|
|
9.02% |
9.00% |
6.82% |
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 |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS:
Profit before tax for the year under review was Rs.295.700 million as
against Rs.320.800 million for the previous year. After making a provision for
tax of Rs.97.300 million (Rs.96.700 million for the previous year), the net
profit stood at Rs.198.400 million as compared to Rs.224.100 million Net profit
for the previous year.
OPERATIONS:
During the year, the gross turnover of the Company is higher by 17% and
stood at Rs.2943.700 million compared to Rs.2525.600 million in the previous
year.
During the year, the Company had incorporated JKHC International (FZE),
a wholly-owned subsidiary (WoS) in United Arab Emirates to tap the emerging
Business opportunities in the overseas market. The Company has also increased
its product portfolio by successfully launching Deo Shots, Mega Deo, and Beer
Shampoo and all the existing products, have received encouraging response from
the customers.
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
80064939 |
05/09/2005 * |
45,000,000.00 |
BANK OF INDIA |
MUMBAI CORPORATE BANKING
BRANCH, 70/80 M.G. ROAD, |
- |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
- Plant and
Equipment
- Vehicles
- Office
Equipment
Intangible Assets
- Computer
Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
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.63.57 |
|
UK Pound |
1 |
Rs.98.22 |
|
Euro |
1 |
Rs.69.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
62 |
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.