MIRA INFORM REPORT
|
Report No. : |
320737 |
|
Report Date : |
21.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
JHANJI TEXTILES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sua Road, Industrial Area, C, knaganwal, Ludhiana-141 402, Punjab |
|
Tel. No.: |
91-9811048341 (Mr. Manish) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.10.2005 |
|
|
|
|
Com. Reg. No.: |
16-29100 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.882 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17110PB2005PTC029100 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and exporter of superlative Non-Woven Chemical Bond Interlining,
Non-Woven Thermo-Bond Interlining, etc. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
- |
NB |
New Business |
- |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established Company having a satisfactory track record. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
Not available
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Manish Jhanji |
|
Designation : |
Director |
|
Contact No.: |
91-9811048341 |
|
Date : |
05.05.2015 |
LOCATIONS
|
Registered Office/Factory: |
Sua Road, Industrial Area, C, kanganwal, Ludhiana-141 402, Punjab,
India. |
|
Tel. No.: |
Not available |
|
Mobile No.: |
91-9811048341 (Mr. Manish) |
|
Fax No.: |
Not available |
|
E-Mail : |
|
|
Area : |
Owned |
|
|
|
|
Sales Office : |
1048 C/10, Govindpuri, New Delhi-110 019, Delhi, India. |
|
Tel. No.: |
91-11-26486811 / 26287562 |
|
Fax No.: |
91-11-26476438 |
|
Area : |
Owned |
|
|
|
|
Works : |
Near Cement Godown, Kanganwal, Focal Point, Industrial Area-C,
Ludhiana, Punjab, India. |
|
Tel No : |
91-161-2512222 |
|
Mobile No : |
91-9216080621 (Mr. Sahil Jhanji) |
|
Fax : |
91-161-2512223 |
DIRECTORS
As on : 30.09.2014
|
Name : |
Mr. Atul Jhanji |
|
Designation : |
Director |
|
Address : |
B/34/7466, Gokul Vihar, Haibowal Kalan, Ludhiana-141 402, Punjab,
India |
|
Date of Appointment : |
19.10.2005 |
|
DIN No.: |
01888170 |
|
Other Directorship: |
|
|
|
|
|
Name : |
Mr. Sahil Kumar Jhanji |
|
Designation : |
Director |
|
Address : |
B/34/7466, Gokul Vihar, Haibowal Kalan, Ludhiana-141 402, Punjab,
India |
|
Date of Appointment : |
19.10.2005 |
|
DIN No.: |
01884775 |
|
Other Directorship: |
|
|
|
|
|
Name : |
Mr. Manish Kumar Jhanji |
|
Designation : |
Director |
|
Address : |
J-115, 1st Floor, Kirti Nagar, New Delhi-110 015, Delhi,
India |
|
Date of Appointment : |
19.10.2005 |
|
DIN No.: |
01102118 |
|
Other Directorship: |
|
KEY EXECUTIVES
|
Name : |
Mr. Manish Jhanji |
|
Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Shanti Prakash Jhanji |
|
15000 |
|
Atul Jhanji |
|
15000 |
|
Sahil Jhanji |
|
15000 |
|
Manish Jhanji |
|
15000 |
|
Shanti Prakash Jhanji |
|
1800 |
|
Prem Pal Marwaha |
|
600 |
|
Asha Marwaha |
|
600 |
|
Deepak Marwaha |
|
600 |
|
Vinod Bhatia |
|
600 |
|
Indhu Bhatia |
|
600 |
|
Ashok Bhalla |
|
600 |
|
Deepika Bhalla |
|
500 |
|
Nitin Bhalla |
|
600 |
|
Gulshan Malik |
|
600 |
|
Micky Malik |
|
600 |
|
Bhushan Bhalla |
|
500 |
|
Mohit Bhalla |
|
500 |
|
Ashwani Kumar Jhanji |
|
600 |
|
Sweety Jhanji |
|
600 |
|
Mohik Jhanji |
|
500 |
|
Lakshya Jhanji |
|
600 |
|
Satish Chadha |
|
600 |
|
Sweety Chadha |
|
600 |
|
Rahul Chadha |
|
600 |
|
Rohit Chadha |
|
500 |
|
Raj Kumar Jhanji |
|
600 |
|
Balbir Chand Behl |
|
600 |
|
Savitri Behl |
|
600 |
|
Ruchi Dhingra |
|
600 |
|
Rubeena Jhanji |
|
600 |
|
Mili Jhanji |
|
600 |
|
Sugandha Jhanji |
|
600 |
|
Kiran Jhanji |
|
600 |
|
Narender Singh |
|
600 |
|
Veena Puri |
|
600 |
|
Ruchi Dhingra |
|
600 |
|
Shanti Prakash |
|
600 |
|
Kiran Jhanji |
|
600 |
|
Sugandha Jhanji |
|
600 |
|
Rubeena Jhanji |
|
600 |
|
Mili Jhanji |
|
600 |
|
Sanjay Dhingra |
|
600 |
|
Jaswant Puri |
|
600 |
|
Phool Chand Marwaha |
|
600 |
|
Amita Marawa |
|
600 |
|
Chetan Marwaha |
|
600 |
|
Hukam Chand Malik |
|
600 |
|
Ashok Bhalla |
|
600 |
|
Pradeep Bhalla |
|
600 |
|
Kapil Bhalla |
|
500 |
|
|
|
|
|
Total |
|
88200 |
Equity Share Break up (Percentage of Total Equity) :
As on : 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter of superlative Non-Woven Chemical Bond Interlining,
Non-Woven Thermo-Bond Interlining, etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Supplier : |
|
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|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and OEM’s
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
R.S. Khera and Associates Chartered Accountants |
|
Address : |
Upstairs Chawla Juice Corner, gill road, Ludhiana-141 003, Punjab,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AFIPS4426H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
88200 |
Equity Shares |
Rs.10/- each |
Rs. 0.882
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 |
0.882 |
0.882 |
0.882 |
|
(b) Reserves & Surplus |
2.361 |
1.889 |
1.335 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.528 |
0.528 |
|
Total
Shareholders’ Funds (1) + (2) |
3.243 |
3.299 |
2.745 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.390 |
1.390 |
1.490 |
|
(b) Deferred tax liabilities (Net) |
0.424 |
0.190 |
0.190 |
|
(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) |
1.814 |
1.580 |
1.680 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
14.956 |
15.673 |
13.639 |
|
(c) Other
current liabilities |
2.374 |
2.199 |
0.960 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
17.330 |
17.872 |
14.599 |
|
|
|
|
|
|
TOTAL |
22.387 |
22.751 |
19.024 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
5.522 |
4.605 |
4.115 |
|
(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 |
0.366 |
0.366 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.006 |
|
Total Non-Current
Assets |
5.888 |
4.971 |
4.121 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.637 |
1.635 |
1.750 |
|
(c) Trade
receivables |
10.887 |
9.890 |
9.544 |
|
(d) Cash
and cash equivalents |
3.199 |
4.730 |
2.670 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
1.776 |
1.525 |
0.939 |
|
Total
Current Assets |
16.499 |
17.780 |
14.903 |
|
|
|
|
|
|
TOTAL |
22.387 |
22.751 |
19.024 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
65.550 |
78.957 |
|
|
|
Other Income |
0.033 |
0.017 |
|
|
|
TOTAL (A) |
65.583 |
78.974 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
50.142 |
66.608 |
|
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
|
|
|
Employees benefits
expense |
3.465 |
3.245 |
|
|
|
Other expenses |
10.820 |
8.245 |
|
|
|
TOTAL (B) |
64.427 |
78.098 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
1.156 |
0.876 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
0.007 |
0.004 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.149 |
0.872 |
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
0.284 |
0.238 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
0.865 |
0.634 |
0.47 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.394 |
0.080 |
(0.06) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
0.471 |
0.554 |
0.530 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
5.34 |
6.28 |
6.01 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
70.000 |
Expected Sales Rs. 80.000 Million
The above information has been parted Mr. Manish (Director)
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 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
0.72 |
0.70 |
0.000 |
|
Operating Profit Margin |
(%) |
1.76 |
1.11 |
0.000 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.86 |
2.79 |
2.47 |
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.19 |
0.17 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.43 |
0.42 |
0.54 |
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
0.99 |
1.02 |
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 |
0.882 |
0.882 |
0.882 |
|
Reserves & Surplus |
1.335 |
1.889 |
2.361 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application
money pending allotment |
0.000 |
0.528 |
0.528 |
|
Net
worth |
2.217 |
3.299 |
0.000 |
|
|
|
|
|
|
long-term borrowings |
1.490 |
1.390 |
1.390 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1.490 |
1.390 |
1.390 |
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
Year-on-Year Growth :
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
78.957 |
65.550 |
|
|
0.000 |
(16.980) |
Net Profit Margin :
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
78.957 |
65.550 |
|
Profit |
0.554 |
0.471 |
|
|
0.70% |
0.72% |
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 |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 two 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 |
UNSECURED LOAN :
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Shri. Atul Jhanji |
0.840 |
0.840 |
|
Shri. Manish Jhanji |
0.125 |
0.125 |
|
Shri. Sahil Jhanji |
0.300 |
0.300 |
|
Shri. Shanti Prakash Jhanji |
0.125 |
0.125 |
|
Total |
1.390 |
1.390 |
INDEX
OF CHARGES :
|
S.No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10088007 |
28/01/2008 |
3,400,000.00 |
ORIENTAL BANK OF COMMERCE |
DHARAMPURA BRANCH, LUDHIANA,
Punjab - 141010, INDIA |
A32434227 |
|
2 |
10088008 |
28/01/2008 |
4,000,000.00 |
ORIENTAL BANK OF COMMERCE |
DHARAMPURA BRANCH, LUDHIANA,
Punjab - 141010, INDIA |
A32434466 |
FIXED ASSETS :
- Factory Building
- Fire Extinguisher
- Generator
- Transformer
- Furniture
- Machinery
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. 63.87 |
|
|
1 |
Rs. 98.89 |
|
Euro |
1 |
Rs. 70.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
THR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.