MIRA INFORM REPORT
|
Report No. : |
328372 |
|
Report Date : |
20.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
JSM CORPORATION PRIVATE LIMITED (w.e.f. 25.09.2007) |
|
|
|
|
Formerly Known
As : |
JSM RESTAURANTS PRIVATE LIMITED (w.e.f. 06.08.2007) JSM HOLDINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Todi Estate, 3rd Floor, A Wing, Sun Mill Compound, Sitaram
Jadhav Marg, Lower Parel (West), Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-67478700 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.10.2004 |
|
|
|
|
Com. Reg. No.: |
11-175698 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 66.430 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2004PTC175698 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ4903B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Subject is engaged into the business of restaurants |
|
|
|
|
No. of Employees
: |
500 (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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. For the financial year ended 2014, company has reported moderate
operational performance and it has incurred loss from its operational
activities. Rating further constrained on account of company’s moderate liquidity
profile and unfavorable gap between trade payables to its receivables. However, rating weakness partly offset by company’s healthy networth
base and sound debt protection metrics. Trade relations are fair. Business is active. Payments are reported to
be slow but correct. In view of operational loss along with moderate liquidity profile, 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.
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) DEFAILTERS’ 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. Dilip Gupta |
|
Designation : |
Finance Controller |
|
Contact No.: |
91-22-67478700 |
LOCATIONS
|
Registered Office : |
Todi Estate, 3rd Floor, A Wing, Sun Mill Compound, Sitaram
Jadhav Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-67478700 |
|
Fax No.: |
91-22-66607605 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Parthiv Tanil Kilachand |
|
Designation : |
Director |
|
Address : |
95, Nepean Sea Road, Malabar Hill, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
27.03.1967 |
|
Date of Appointment : |
29.09.2007 |
|
DIN No. : |
00005516 |
|
|
|
|
Name : |
Mr. Rajesh Ramaiah |
|
Designation : |
Nominee Director |
|
Address : |
62, 17th Main, 3rd Cross, 2nd Block, Koramangala, Bangalore – 560034, Karnataka, India |
|
Date of Birth/Age : |
18.08.1971 |
|
Date of Appointment : |
21.12.2012 |
|
DIN No. : |
00420481 |
|
|
|
|
Name : |
Mr. Jayajit Singh |
|
Designation : |
Managing Director |
|
Address : |
Flat No.3, Floor No. 2, Sorrento Building, Mount Pleasant Road, Malabar Hills, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
19.05.1967 |
|
Date of Appointment : |
01.10.2011 |
|
DIN No. : |
00613169 |
|
|
|
|
Name : |
Mrs. Roshini Sanah Jaiswal |
|
Designation : |
Director |
|
Address : |
6, The Greens, Rajokari, New Delhi - 110038, India |
|
Date of Birth/Age : |
11.01.1967 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No. : |
00887811 |
|
|
|
|
Name : |
Jimmy Lachmandas Mahtani |
|
Designation : |
Director |
|
Address : |
1 Chatsworth Road, #22-21, Singapore – 249745 |
|
Date of Birth/Age : |
27.10.1976 |
|
Date of Appointment : |
29.09.2007 |
|
DIN No. : |
00996110 |
|
|
|
|
Name : |
Mr. Sanjay Mahtani |
|
Designation : |
Managing Director |
|
Address : |
No.213, Embassy Woods, 6A Cunningham Road, Banglore – 560052, Karnataka, India |
|
Date of Birth/Age : |
07.12.1967 |
|
Date of Appointment : |
01.10.2011 |
|
DIN No. : |
01452300 |
|
|
|
|
Name : |
Riyadh Kamal Mohamed Daud |
|
Designation : |
Nominee Director |
|
Address : |
34, Sydney St, London, SW36PP, United Kingdom |
|
Date of Birth/Age : |
17.10.1968 |
|
Date of Appointment : |
01.12.2011 |
|
DIN No. : |
03256752 |
|
|
|
|
Name : |
Sami Kamal Mohamed Daud |
|
Designation : |
Director |
|
Address : |
Abdulhamid Ahmad Qassim Siddiqi Villa 7, DM No (107) 356-14B St Um Saqeem 1st Post Box 1113, Dubai – 111348, United Arab Emirates |
|
Date of Birth/Age : |
17.10.1968 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No. : |
03628188 |
KEY EXECUTIVES
|
Name : |
Mr. Dilip Gupta |
|
Designation : |
Finance Controller |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jayajit Singh |
|
1675914 |
|
Roshni Jaiwal |
|
252500 |
|
Sanjay Mahtani |
|
1544614 |
|
Barkha Mahtani |
|
126250 |
|
Lalu Mahtani |
|
257550 |
|
Skylight Investments (Mauritius) Limited, Mouritius |
|
397062 |
|
Square Meal Investments, Mouritius |
|
487574 |
|
Purple Investments Limited, Ebene |
|
51590 |
|
Akberali Moawalla |
|
14979 |
|
Edelweiss Capital Limited, India |
|
14848 |
|
Akshay Nana Chaudasama |
|
19439 |
|
Anuradha Jacob |
|
1856 |
|
Arjun Khanna |
|
3712 |
|
(a) Dhananjay Narendra Mungale and (b) Punit Dhananjay Mungale |
|
5571 |
|
(a) Shifalika Bhavanani , (b) Anil Bhavanani, (c) Niren Bhavanani |
|
3712 |
|
(a) Anil Bhavanani, (b) Shifalika Bhavanani, (c) Niren Bhavanani |
|
3712 |
|
(a) Bhavna Shailesh Dave, (b) Shailesh Dave |
|
3712 |
|
Nirvik Singh |
|
3712 |
|
Parthiv Kilachand |
|
18178 |
|
Nandish Kilachand |
|
18178 |
|
Shirish Kishore Sankhe |
|
3688 |
|
Corel Traders Private Limited, India |
|
4924 |
|
Ravi Balasubramanian |
|
1515 |
|
Saarem Limited |
|
62932 |
|
PI Opportunities Fund 1, India |
|
943302 |
|
Gourmet Gulf International, Maurities |
|
722003 |
|
Total |
|
6643027 |
As on 30.09.2014
|
Names of Allottees |
|
No. of Shares |
|
PI Opportunities Fund 1 |
|
162939 |
|
Skylight Investments (Mauritius) Limited |
|
36931 |
|
Arjun Khanna |
|
345 |
|
Ravi Balasubramanian |
|
141 |
|
Bhavna Shailesh Dave Jointly with Shailesh Dave |
|
288 |
|
Jayajit Singh |
|
153738 |
|
Total |
|
354382 |
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
40.41 |
|
Directors or relatives of Directors |
59.59 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged into the business of restaurants |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit (30/60/90 Days) |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS : Not
Available
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
End Users and OEMs
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
BBSR and Company Chartered Accountant |
|
Address : |
Lodha Excelus, 1st Floor, Appollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai-400011, India |
|
PAN No.: |
AAKFB4397F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company: |
JSM Restaurants India Private Limited |
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital : Rs. 100.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 70.650
Million
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity shares |
Rs. 10/- each |
Rs. 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6997409 |
Equity shares |
Rs. 10/- each |
Rs. 69.974
Million |
|
|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity shares |
Rs. 10/- each |
Rs. 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6643027 |
Equity shares |
Rs. 10/- each |
Rs. 66.430
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 |
66.430 |
58.463 |
58.463 |
|
(b) Reserves &
Surplus |
549.290 |
544.635 |
233.315 |
|
(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) |
615.720 |
603.098 |
291.778 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
325.579 |
100.466 |
97.106 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
7.363 |
9.285 |
10.220 |
|
(d) long-term provisions |
7.057 |
5.770 |
3.339 |
|
Total Non-current
Liabilities (3) |
339.999 |
115.521 |
110.665 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
185.268 |
88.219 |
73.063 |
|
(b) Trade payables |
105.179 |
42.201 |
68.123 |
|
(c) Other current
liabilities |
272.141 |
80.213 |
91.079 |
|
(d) Short-term provisions |
11.738 |
19.462 |
25.283 |
|
Total Current Liabilities
(4) |
574.326 |
230.095 |
257.548 |
|
|
|
|
|
|
TOTAL |
1530.045 |
948.714 |
659.991 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
833.628 |
139.681 |
186.470 |
|
(ii) Intangible Assets |
61.728 |
6.065 |
10.234 |
|
(iii) Capital
work-in-progress |
24.834 |
21.490 |
8.326 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
33.691 |
90.850 |
85.772 |
|
(c) Deferred tax assets
(net) |
0.000 |
41.532 |
25.129 |
|
(d) Long-term Loan and Advances |
277.159 |
110.492 |
94.044 |
|
(e) Other Non-current
assets |
21.097 |
2.681 |
6.575 |
|
Total Non-Current Assets |
1252.137 |
412.791 |
416.550 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
96.776 |
52.536 |
69.715 |
|
(c) Trade receivables |
51.419 |
27.704 |
38.582 |
|
(d) Cash and cash
equivalents |
47.424 |
100.696 |
31.702 |
|
(e) Short-term loans and
advances |
78.682 |
352.400 |
98.198 |
|
(f) Other current assets |
3.607 |
2.587 |
5.244 |
|
Total Current Assets |
277.908 |
535.923 |
243.441 |
|
|
|
|
|
|
TOTAL |
1530.045 |
948.714 |
659.991 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
SALES TURNOVER |
1700.000
(Approximately) |
|
|
|
|
|
|
|
|
|
Less |
|
|
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(132.337) |
41.619 |
33.172 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(18.91) |
5.95 |
4.74 |
Expected Sales (2014-2015) : Rs. 2000.000 Million
The above information has been parted by Mr. Dilip Gpta
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
106.164 |
42.730 |
42.499 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.00 |
0.38 |
0.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.48 |
2.33 |
0.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
58.463 |
58.463 |
66.430 |
|
Reserves & Surplus |
233.315 |
544.635 |
549.290 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
291.778 |
603.098 |
615.720 |
|
|
|
|
|
|
long-term borrowings |
97.106 |
100.466 |
325.579 |
|
Short term borrowings |
73.063 |
88.219 |
185.268 |
|
Current Maturities of
Long Term Debt |
42.499 |
42.730 |
106.164 |
|
Total borrowings |
212.668 |
231.415 |
617.011 |
|
Debt/Equity ratio |
0.729 |
0.384 |
1.002 |
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 |
Yes |
|
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) |
No |
|
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 |
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 |
Yes |
|
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 |
NOTE: Registered office of the company has been shifted from D2, Poddar Chambers, Ideal Industrial Estate Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India to the present address w.e.f. 24.08.2009
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Fully convertible debentures others |
8.085 |
4.043 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
32.009 |
40.132 |
|
Loans and advances from others |
0.581 |
1.714 |
|
Total |
40.675 |
45.889 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10476361 |
24/12/2013 |
75,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B95822573 |
|
2 |
10450351 |
18/09/2013 |
200,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B85491033 |
|
3 |
10274600 |
28/08/2012 * |
175,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B56661994 |
|
4 |
10167917 |
23/01/2015 * |
319,400,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
C48540736 |
|
5 |
10110753 |
31/03/2010 * |
115,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
A84075035 |
* Date of charge modification
FIXED ASSETS
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
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. 63.82 |
|
|
1 |
Rs. 101.26 |
|
Euro |
1 |
Rs. 72.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.