MIRA INFORM REPORT
|
Report No. : |
348349 |
|
Report Date : |
14.11.2015 |
IDENTIFICATION DETAILS
RATING and COMMENTS
|
MIRA’s Rating : |
B (30) |
|
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 : |
JVSL, promoted by Mr. Jai Bhagwan Bindal, was set up as a closely held
public limited company is September 1995. It manufactures C.R. Strips and
Sheets. The company has its manufacturing plant in Jhajjar, Haryana. It has
moderate track record. Reserves and profitability of the company is low during FY2014.
External borrowings of the company is increasing as compared to previous
year. However, liquidity of the company is fair marked by favorable gap
between trade receivables and payables. Further, the rating are also supported by a decade-long experience of
the company’s promoters and its strong relationship with its customers and
suppliers. However, trade relations are reported as fair. Business is active. Payment
are reported to be slow but correct. The company can be considered for business dealings 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 – 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 |
FITCH |
|
Rating |
Fund Based Limits = IND BB |
|
Rating Explanation |
Having inadequate credit quality and carry high credit risk |
|
Date |
19 March, 2015 |
|
Rating Agency Name |
FITCH |
|
Rating |
Non Fund Based Limits = IND A4+ |
|
Rating Explanation |
Having minimal degree of safety and carry very high credit
risk |
|
Date |
19 March, 2015 |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Jai Bhagwan Bindal |
|
Designation : |
Director |
|
Contact No.: |
91-1276-278401 |
|
Date : |
09.11.2015 |
LOCATIONS
|
Registered Office : |
Z-97, First Floor, Loha Mandi, Naraina, New Delhi - 110028, Delhi,
India |
|
Tel. No.: |
91-11-25709894/ 93 |
|
Mobile No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Delhi-Rohtak Road, Village-Rohad, Bahadurgarh, District-Jhajjar,
Haryana, India |
|
Tel. No.: |
91-1276-278401 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Jai Bhagwan Bindal |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
12, Deepali Pitam Pura, Delhi - 110034, Delhi, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.12.1959 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.1995 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01106245 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Deepak Goyal |
|
Designation : |
Director |
|
Address : |
J-45, R.B.I Colony, Paschim Vihar, New Delhi, 110063, Delhi, India |
|
Date of Birth/Age : |
08.06.1980 |
|
Date of Appointment : |
13.02.2012 |
|
DIN No.: |
02075106 |
|
Name : |
Mr. Ramesh Chand Bhati |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
B-14, Sikri Road, Modinagar - 201204, Uttar Pradesh, India |
|||||||||||||||||||||||||||
|
Date of Appointment : |
20.11.2014 |
|||||||||||||||||||||||||||
|
DIN No.: |
02564382 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jai Bhagwan Bindal |
|
3755100 |
|
Upaj Leasing and Finance Company Private Limited |
|
533000 |
|
Ashok Kumar Jain |
|
22500 |
|
Upaj Investment and Finance Company Private Limited |
|
60000 |
|
Kiran Car Scan Centre Private Limited |
|
55000 |
|
J.B. Bindal (Huf) |
|
139000 |
|
Bindal Finance Security Private Limited |
|
340000 |
|
Sajjan Kumar |
|
100 |
|
Sanjay Goel |
|
100 |
|
Bharat Bhushan Billa |
|
100 |
|
Harish Chand Sharma |
|
100 |
|
Rakesh Goel |
|
100 |
|
R. Sharma |
|
100 |
|
Rekha Garg |
|
100 |
|
Rita Billa |
|
100 |
|
Master Karan Bindal |
|
50300 |
|
Deepa Jain |
|
50000 |
|
Ashish Kumar |
|
100 |
|
Knight Queen Chemicals Private Limited |
|
500 |
|
Anupam Batra |
|
100 |
|
Prachi International Limited |
|
500000 |
|
Bhawna Agarwal |
|
25000 |
|
Sunita Agarwal |
|
30000 |
|
Om Prakash Aggarwal |
|
303500 |
|
Subhash Aggarwal |
|
857000 |
|
Ashok Kumar |
|
1350000 |
|
Aggarwal Dress Materials Private Limited |
|
439600 |
|
Ram Rattan Goyal |
|
666000 |
|
Om Prakash Aggarwal Huf |
|
100000 |
|
Ashok Kumar Aggarwal Huf |
|
100000 |
|
Subhash Chand Aggarwal Huf |
|
100000 |
|
Sweta Goyal |
|
822500 |
|
Manju |
|
100000 |
|
Nanon Distributors Private Limited |
|
1500000 |
|
Authentic Info Systems Private Limited |
|
250000 |
|
Krishna Bindal |
|
90000 |
|
Gold Stone Financial Services |
|
200000 |
|
Unmukh Builders Private Limited |
|
400000 |
|
Naresh Singhal |
|
100000 |
|
Total |
|
12940000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
33.06 |
|
Directors or relatives of Directors |
65.60 |
|
Other top fifty shareholders |
1.34 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing of Cold Rolled and C.R. Steel
Strips. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
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 OEM’s
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
NOTE: LONG TERM
BORROWING:
SHORT TERM
BORROWINGS:
|
|
Auditors : |
|
|
Name : |
K.K. Kohli and Company Chartered Accountants |
|
Address : |
Advocate Chember, Rajnagar, Ghaziabad, Uttar Pradesh, India |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 140.000 Million |
|
|
|
|
|
Issued, Subscribed and Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,940,000 |
Equity Shares |
Rs.10/- each |
Rs. 129.400 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 |
129.400 |
129.400 |
102.950 |
|
(b) Reserves and Surplus |
96.619 |
90.530 |
84.724 |
|
(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) |
226.019 |
219.930 |
187.674 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
399.418 |
291.660 |
221.726 |
|
(b) Deferred tax liabilities (Net) |
9.192 |
9.064 |
8.735 |
|
(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) |
408.610 |
300.724 |
230.461 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
451.976 |
375.084 |
364.312 |
|
(b) Trade
payables |
121.845 |
79.592 |
54.054 |
|
(c) Other
current liabilities |
30.693 |
36.376 |
22.485 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
604.514 |
491.052 |
440.851 |
|
|
|
|
|
|
TOTAL |
1239.143 |
1011.706 |
858.986 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
80.802 |
82.987 |
81.992 |
|
(ii)
Intangible Assets |
0.017 |
0.002 |
0.002 |
|
(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 |
32.641 |
34.151 |
34.151 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.008 |
5.435 |
5.596 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
119.468 |
122.575 |
121.741 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
292.829 |
225.709 |
260.388 |
|
(c) Trade
receivables |
672.375 |
495.897 |
354.280 |
|
(d) Cash
and cash equivalents |
16.890 |
12.772 |
6.309 |
|
(e)
Short-term loans and advances |
137.119 |
154.328 |
115.773 |
|
(f) Other current
assets |
0.462 |
0.425 |
0.495 |
|
Total
Current Assets |
1119.675 |
889.131 |
737.245 |
|
|
|
|
|
|
TOTAL |
1239.143 |
1011.706 |
858.986 |
PROFIT
and LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2461.955 |
2413.308 |
1891.728 |
|
|
Other Income |
1.610 |
0.675 |
0.670 |
|
|
TOTAL SALES |
2463.565 |
2413.983 |
1892.398 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2156.970 |
2152.805 |
1718.153 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
36.160 |
12.500 |
-39.055 |
|
|
Employees benefits
expense |
14.386 |
12.384 |
10.528 |
|
|
Other expenses |
149.430 |
140.651 |
118.620 |
|
|
TOTAL EXPENSES |
2356.946 |
2318.340 |
1808.246 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
106.619 |
95.643 |
84.152 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
86.464 |
78.535 |
67.631 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
20.155 |
17.108 |
16.521 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
11.067 |
8.353 |
10.622 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
9.088 |
8.755 |
5.899 |
|
|
|
|
|
|
|
Less |
TAX |
2.999 |
2.950 |
1.957 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
6.089 |
5.805 |
3.942 |
|
|
|
|
|
|
|
|
EARNINGS / (LOSS) PER
SHARE (RS.) |
0.47 |
0.45 |
0.38 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
2500.000 |
The above information has been parted by Mr. Jai Bhagwan Bindal
(Director).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
9.577 |
8.748 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Cash generated from (Used) operations |
(93.383) |
(77.954) |
(35.797) |
|
Cash generated from Operating Activities |
(96.252) |
(80.575) |
(37.837) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.25 |
0.24 |
0.21 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.33 |
3.96 |
4.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.75 |
0.90 |
0.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.04 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.81 |
3.07 |
3.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.85 |
1.81 |
1.67 |
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 |
102.950 |
129.400 |
129.400 |
|
Reserves and Surplus |
84.724 |
90.530 |
96.619 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
187.674 |
219.930 |
226.019 |
|
|
|
|
|
|
long-term borrowings |
221.726 |
291.660 |
399.418 |
|
Short term borrowings |
364.312 |
375.084 |
451.976 |
|
Current Maturities of Long term debt |
0.000 |
8.748 |
9.577 |
|
Total
borrowings |
586.038 |
675.492 |
860.971 |
|
Debt/Equity
ratio |
3.123 |
3.071 |
3.809 |
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 |
1891.728 |
2413.308 |
2461.955 |
|
|
|
27.572 |
2.016 |
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
|
1891.728 |
2413.308 |
2461.955 |
|
Profit |
3.942 |
5.805 |
6.089 |
|
|
0.21% |
0.24% |
0.25% |
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 |
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 |
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) |
|
Long-term
Borrowings |
|
|
|
From Related Parties |
66.750 |
72.562 |
|
From Others |
327.452 |
212.053 |
|
Total |
394.202 |
284.615 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10179954 |
27/01/2014
* |
645,200,000.00 |
STATE
BANK OF BIKANER AND JAIPUR |
10189-92,
FIRST FLOOR,, AJMAL KHAN ROAD, KAROL BAGH, NEW DELHI, Delhi - 110005, INDIA |
B97053227 |
FIXED ASSETS
- Land And
- Building
- Plant and Machinery
- Furniture’s and Fixtures
- Office Equipment
- Computer
- Vehicles
- Commercial Vehicles
- Rolls
- Tubewell
CMT REPORT (Corruption, Money Laundering and 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. 66.14 |
|
|
1 |
Rs. 100.55 |
|
Euro |
1 |
Rs. 71.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SYL |
SCORE and RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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 and 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.