MIRA INFORM REPORT
|
Report No. : |
323802 |
|
Report Date : |
26.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAGSON COLORCHEM LIMITED (w.e.f. 29.09.1999) |
|
|
|
|
Formerly Known
As : |
JAGSON COLCHEM LIMITED |
|
|
|
|
Registered
Office : |
Plot No.5061/4, Phase-II, GIDC Estate, Vatva, Ahmedabad – 382 445,
Gujarat |
|
Tel. No.: |
91-79-25832873/ 65458813 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
25.06.1996 |
|
|
|
|
Com. Reg. No.: |
04-030010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.558 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1996PLC030010 |
|
|
|
|
IEC No.: |
0800001354 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
AHMJ00097G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ7664C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Dyes, Pigments and Intermediates.
|
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 440000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. For the financial year ended 2014, company has reported decent
operational performance and it has achieved topline growth of 50.19%.
Profitability Margins of the company stood at 4.41%. Rating also takes into consideration healthy operational risk profile
supported by adequate financial base and fair liquidity profile of the
company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of adequate operational performance, the company can be
considered 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.
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
Moderate risk of default and high credit
risk. |
|
Date |
22.01.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
22.01.2014 |
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 DENIED BY
|
Name : |
Mr. Bheekhsingh Solanki |
|
Designation : |
Director |
|
Contact No.: |
91-9712144400 |
|
Date : |
23.05.2015 |
LOCATIONS
|
Registered Office / Head Office / Factory 1 : |
Plot No.5061/4, Phase-II, GIDC Estate, Vatva, Ahmedabad – 382 445,
Gujarat, India |
|
Tel. No.: |
91-79-25832873/ 65458813 |
|
Mobile No.: |
91-9879484214 (Mr. Nitin) 91-9824445150 (Mr. Bheekh Singh Solanki) |
|
Fax No.: |
91-79-25835415 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
264/1, GIDC, Phase –II, Vatva, Ahmedabad – 382 445, Gujarat, India |
|
Tel. No.: |
91-79-22868349 |
|
Fax No.: |
91-79-25835415 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Overseas Office/ Warehouse : |
Located at:
|
DIRECTORS
As on 25.09.2014
|
Name : |
Mr. Abhishek Dineshbhai Jagnani |
|
Designation : |
Whole-time Director |
|
Address : |
83, Basant Bahar,
Near Sterling City, Bopal, Ahmedabad – 380 054, Gujarat, India |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00442916 |
|
|
|
|
Name : |
Mr. Dinesh Girdharilal Jagnani |
|
Designation : |
Whole-time Director |
|
Address : |
B/52, Om Towers, Camp Road, Ahmedabad – 380 004, Gujarat, India |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00443045 |
|
|
|
|
Name : |
Mr. Bheekhsingh Sheonath Solanki |
|
Designation : |
Director |
|
Address : |
93, Shahibaug Housing Society, Near Mohan Cinema, Asarwa, Ahmedabad –
380 004, Gujarat, India |
|
Date of Appointment : |
25.06.1996 |
|
DIN No.: |
00443251 |
|
|
|
|
Name : |
Mr. Basant Kumar Roongta |
|
Designation : |
Director |
|
Address : |
8, Pretaria
Street, 7th Floor, Kolkata – 700 040, West Bengal,
India |
|
Date of Appointment : |
25.06.1996 |
|
DIN No.: |
01346424 |
KEY EXECUTIVES
|
Name : |
Mr. Chetan |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Dinesh Jagnani |
255500 |
44.19 |
|
Kamleshben Jagnani |
100200 |
17.33 |
|
Bheeksingh Solanki |
100 |
0.02 |
|
Vidhi Jagnani |
400 |
0.07 |
|
Abhishek Jagnani |
100000 |
17.30 |
|
Nikita A. Jagnani |
50000 |
8.65 |
|
Arihant Infracon Private Limited |
40000 |
6.92 |
|
Sapan Chemicals Limited |
10000 |
1.73 |
|
Universal Credit And Securities Limited |
10000 |
1.73 |
|
KCCL Plastic Limited |
12000 |
2.08 |
|
Total |
578200 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2014
|
Category |
Percentage |
|
Bodies corporate |
12.46 |
|
Directors or relatives of Directors |
87.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Dyes, Pigments and
Intermediates. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
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Customers : |
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||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
KPSJ and Associates Chartered Accountants |
|
Address : |
501-504, Sahajanand Shopping Centre, Shahibaug Road, Ahmedabad –
380004, Gujarat |
|
Telefax No.: |
91-79-25621950/ 25631950/ 65221950/ 51/ 52/ 53/ 54 |
|
E-Mail: |
|
|
Website : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAGFK2924D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
578,200 |
Equity Shares |
Rs.10/- each |
Rs.5.782
Million |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
555,800 |
Equity Shares |
Rs.10/- each |
Rs.5.558
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 |
5.558 |
5.462 |
5.462 |
|
(b) Reserves & Surplus |
149.295 |
95.011 |
71.329 |
|
(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) |
154.853 |
100.473 |
76.791 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
21.544 |
15.430 |
14.594 |
|
(b) Deferred tax liabilities (Net) |
1.874 |
1.307 |
1.228 |
|
(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) |
23.418 |
16.737 |
15.822 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
109.007 |
82.418 |
85.159 |
|
(b) Trade
payables |
179.702 |
102.054 |
58.574 |
|
(c) Other
current liabilities |
50.285 |
12.620 |
18.886 |
|
(d) Short-term
provisions |
3.286 |
12.459 |
6.938 |
|
Total Current
Liabilities (4) |
342.280 |
209.551 |
169.557 |
|
|
|
|
|
|
TOTAL |
520.551 |
326.761 |
262.170 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
37.455 |
32.823 |
32.035 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
37.455 |
32.823 |
32.035 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
1.978 |
0.000 |
0.000 |
|
(b)
Inventories |
75.583 |
33.008 |
12.765 |
|
(c) Trade
receivables |
213.995 |
145.711 |
120.095 |
|
(d) Cash
and cash equivalents |
73.330 |
16.292 |
20.118 |
|
(e)
Short-term loans and advances |
28.248 |
8.385 |
10.442 |
|
(f) Other
current assets |
89.962 |
90.542 |
66.715 |
|
Total
Current Assets |
483.096 |
293.938 |
230.135 |
|
|
|
|
|
|
TOTAL |
520.551 |
326.761 |
262.170 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1162.556 |
781.452 |
524.643 |
|
|
|
Other Income |
3.775 |
2.949 |
2.233 |
|
|
|
TOTAL (A) |
1166.331 |
784.401 |
526.876 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
927.314 |
626.676 |
410.073 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(6.288) |
(5.848) |
4.146 |
|
|
|
Employees benefits expense |
9.257 |
8.762 |
7.364 |
|
|
|
Other expenses |
154.869 |
104.957 |
71.409 |
|
|
|
TOTAL (B) |
1085.152 |
734.547 |
492.992 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
81.179 |
49.854 |
33.884 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.902 |
9.272 |
9.640 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
75.277 |
40.582 |
24.244 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.575 |
4.241 |
4.131 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
70.702 |
36.341 |
20.113 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
23.368 |
11.777 |
6.640 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
47.334 |
24.564 |
13.473 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
86.57 |
44.97 |
24.67 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.07 |
3.14 |
2.57 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.98 |
6.38 |
6.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.58 |
11.12 |
7.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.46 |
0.36 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.84 |
0.97 |
1.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41 |
1.40 |
1.36 |
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 |
5.462 |
5.462 |
5.558 |
|
Reserves & Surplus |
71.329 |
95.011 |
149.295 |
|
Net
worth |
76.791 |
100.473 |
154.853 |
|
|
|
|
|
|
long-term borrowings |
14.594 |
15.430 |
21.544 |
|
Short term borrowings |
85.159 |
82.418 |
109.007 |
|
Total
borrowings |
99.753 |
97.848 |
130.551 |
|
Debt/Equity
ratio |
1.299 |
0.974 |
0.843 |
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) |
|
Sales |
524.643 |
781.452 |
1162.556 |
|
|
|
48.949 |
48.769 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
524.643 |
781.452 |
1162.556 |
|
Profit |
13.473 |
24.564 |
47.334 |
|
|
2.57% |
3.14% |
4.07% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from B-52 Om Tower Shahibaug Camproad Ahmedabad-380004, Gujarat, India to the present address w.e.f. 01.04.2007
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10203282 |
26/02/2014 * |
250,000,000.00 |
State Bank of India |
LAW GARDEN BRANCH, ZODIAC AVENUE, AHMEDABAD, Gujarat - 380006, INDIA |
C00245910 |
|
2 |
10147694 |
26/02/2014 * |
250,000,000.00 |
State Bank of India |
LAW GARDEN BRANCH, ZODIAC AVENUE, AHMEDABAD, Gujarat - 380006, INDIA |
C00240267 |
FIXED ASSETS
· Land and Buildings
· Plant and Machinery
· Plant and Machinery (Pollution)
· Furniture and Fittings
· Electrical Fittings and Installations
· Computers and Printers
· Cars
· Scooters and Bikes
· Cycles
· Cellular and Phones
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.63.62 |
|
|
1 |
Rs.98.51 |
|
Euro |
1 |
Rs.69.93 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
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 |
|
48 |
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.