MIRA INFORM REPORT
|
Report No. : |
343308 |
|
Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
B.M.J. CABLES LIMITED (w.e.f. 18.01.2007) |
|
|
|
|
Formerly Known
As : |
B.M.J.
CABLES PRIVATE LIMITED (w.e.f. 04.1.2007) TEJ-US
INFOTECH PRIVATE LIMITED (w.e.f. 24.11.2004) TEJ-US
INFOTECH LIMITED |
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|
|
|
Registered
Office : |
Plot No.562, G.I.D.C. Estate, Kathwada, Ahmedabad – 382460, Gujarat |
|
Tel. No.: |
91-79-22901814 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
23.03.2000 |
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Com. Reg. No.: |
04-037622 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.4.421 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200GJ2000PLC037622 |
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|
|
IEC No.: |
0807001171 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCT7731P |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Alluminium Wire Rod. |
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No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
B.M.J. Cables Limited was incorporated in the year 2000, it is
established company having satisfactory track record. Rating takes consideration on company’s experienced promoters,
established track record of operations along with decent capital structure and
comfortable debt protection metrics. The rating strength is partially offsets on company low profitability
margins, working-capital intensive operations and intense competition in the
cable industry. However, trade relations are fair. Business is active. Payment terms
are reported to be usually correct. In the view of decent operational and financial base, the company can
be considered 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.
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Anil Sharma |
|
Designation : |
Senior Accountant |
|
Contact No.: |
91-9016745434 |
|
Date |
30.09.2015 |
LOCATIONS
|
Registered Office / Factory: |
Plot No.562, G.I.D.C. Estate, Kathwada, Ahmedabad – 382460, Gujarat, India |
|
Tel. No.: |
91-79-22901814 / 22901816 / 22901815 |
|
Mobile No.: |
91-9898991118 (Mr. Nilesh Kalya) 91-9016745434 (Mr. Anil Sharma ) |
|
Fax No.: |
91-79-2291816 |
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E-Mail : |
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|
Website : |
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|
Area : |
44347.31 sq.ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Mahendrakumar Bhawarlal Purohit |
|
Designation : |
Director |
|
Address : |
3, Subhash Society, Jain Upashray Lane, Commerce Six Roads, Navrangpura, Ahmedabad - 380009, Gujarat, India |
|
Date of Birth/Age : |
19.07.1973 |
|
Date of Appointment : |
04.11.2003 |
|
DIN No.: |
00042543 |
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|
|
|
Name : |
Mr. Ghanshyam Babuprasad Shah |
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Designation : |
Director |
|
Address : |
13, Bhimnath Society, Circuit House, Shahibag, Ahmedabad - 380004, Gujarat, India |
|
Date of Birth/Age : |
13.11.1969 |
|
Date of Appointment : |
04.11.2013 |
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DIN No.: |
00722472 |
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|
|
|
Name : |
Mr. Radheshyam Roshanlal Maheshwari |
|
Designation : |
Director |
|
Address : |
10/A, Navinchandra Park, Near Nalkunj, Camp Road, Near Shahibag, Ahmedabad - 380004, Gujarat, INDIA |
|
Date of Birth/Age : |
30.12.1961 |
|
Date of Appointment : |
05.09.2006 |
|
DIN No.: |
00722478 |
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|
|
|
Name : |
Mr. Kailash Babuprasad Shah |
|
Designation : |
Director |
|
Address : |
13, Bhimnath Society, Circuit House, Shahibag, Ahmedabad - 380004, Gujarat, India |
|
Date of Birth/Age : |
11.05.1966 |
|
Date of Appointment : |
05.09.2006 |
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DIN No.: |
00722503 |
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|
|
|
Name : |
Mr. Jagdishprasad Bansilal Kalya |
|
Designation : |
Director |
|
Address : |
A - 1, Shyam Tenaments,, Odhav, Ahmedabad - 382410, Gujarat, India |
|
Date of Birth/Age : |
01.08.1972 |
|
Date of Appointment : |
05.09.2006 |
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DIN No.: |
00939084 |
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|
|
|
Name : |
Mr. Babuprasad Ramdayal Shah |
|
Designation : |
Director |
|
Address : |
13, Bhimnath Society, Shahibaug, Ahmedabad - 380004, Gujarat, India |
|
Date of Birth/Age : |
30.03.1942 |
|
Date of Appointment : |
10.02.2007 |
|
DIN No.: |
00762219 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Sharma |
|
Designation : |
Senior Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Babulal Ramdyal Shah |
35000 |
|
Bhanwarsigh Shivathsingh Purohit HUF |
100 |
|
Chandradevi Nitinkumar Purohit |
100 |
|
Ghanshyam Babulal Shah |
30000 |
|
Indudevi Kartikey Purohit |
100 |
|
Kailashchandra Babulal Shah |
35000 |
|
Laxmiben Bhanwarlal Purohit |
100 |
|
Mahendra Bhanwarsingh Purohit |
131480 |
|
Panidevi Bhanwarlal Purohit |
100 |
|
Preeti Mahendra Purohit |
100 |
|
Radheshyam Roshanlal Maheshwari |
5000 |
|
Chandrankant Vrajlal Solanki |
115000 |
|
Hitendra Vrajlal Purohit |
90000 |
|
|
|
|
Total |
442080 |
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 of Alluminium Wire Rod. |
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Products : |
Alluminium Wire Rod |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C and Credit (30 days) |
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Purchasing : |
Others |
PRODUCTION STATUS AS ON 31.03.2014
|
Particulars |
Unit |
|
Installed
Capacity |
Actual
Production |
|
Alluminium Wire Rod |
MT |
|
6000 p.a. |
5000 p.a. |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
Indusind Bank Limited, World Business House, Near Parimal Garden, Ahmedabad - 380006, Gujarat, India |
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Facilities : |
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Auditors : |
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Name : |
Jitendra Shah and Associates Chartered Accountants |
|
Address : |
B/302, Atma House, Near Times Of India, Ashram Road, Ahmedabad –
380009, Gujarat, India |
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Tel. No.: |
91-79-25454400/26585000 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AJHPS2576F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates: |
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CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
442,080 |
Equity Shares |
Rs.10/- each |
Rs. 4.421
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 |
4.421 |
4.421 |
4.421 |
|
(b) Reserves & Surplus |
72.913 |
67.909 |
62.059 |
|
(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) |
77.334 |
72.330 |
66.480 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.609 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.195 |
0.228 |
0.256 |
|
(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) |
0.804 |
0.228 |
0.256 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
115.868 |
135.102 |
99.987 |
|
(b) Trade payables |
15.955 |
14.209 |
6.762 |
|
(c) Other current liabilities |
0.364 |
3.310 |
1.027 |
|
(d) Short-term provisions |
5.000 |
5.800 |
3.000 |
|
Total
Current Liabilities (4) |
137.187 |
158.421 |
110.776 |
|
|
|
|
|
|
TOTAL |
215.325 |
230.979 |
177.512 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
11.667 |
11.872 |
12.865 |
|
(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 |
1.858 |
1.859 |
2.439 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
13.525 |
13.731 |
15.304 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
44.321 |
51.699 |
47.090 |
|
(c) Trade receivables |
83.251 |
112.376 |
69.152 |
|
(d) Cash and cash equivalents |
0.433 |
2.100 |
1.702 |
|
(e) Short-term loans and
advances |
73.795 |
51.073 |
44.264 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
201.800 |
217.248 |
162.208 |
|
|
|
|
|
|
TOTAL |
215.325 |
230.979 |
177.512 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
655.162 |
716.118 |
650.091 |
|
|
Other Income |
4.779 |
2.400 |
0.414 |
|
|
TOTAL
|
659.941 |
718.518 |
650.505 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
552.696 |
624.306 |
585.655 |
|
|
Purchases of Stock-in-Trade |
40.825 |
38.609 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
10.620 |
(15.801) |
(4.704) |
|
|
Employees benefits expense |
1.750 |
1.818 |
1.382 |
|
|
Other expenses |
29.325 |
44.010 |
44.550 |
|
|
TOTAL
|
635.216 |
692.942 |
626.883 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
24.725 |
25.576 |
23.622 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
16.294 |
15.739 |
12.684 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.431 |
9.837 |
10.938 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1.177 |
1.216 |
1.309 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
7.254 |
8.621 |
9.629 |
|
|
|
|
|
|
|
Less |
TAX |
2.250 |
2.771 |
3.061 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
5.004 |
5.850 |
6.568 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
7.153 |
36.711 |
18.230 |
|
|
TOTAL
EARNINGS |
7.153 |
36.711 |
18.230 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
302.898 |
211.808 |
|
|
TOTAL
IMPORTS |
0.000 |
302.898 |
211.808 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
11.32 |
13.23 |
14.86 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
696.974 |
Expected Sales ( 2015-2016 ) : Rs.720.000 Million
The above information has been parted by Mr. Anil Sharma (Senior
Accountant).
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 |
29.876 |
(20.382) |
9.217 |
|
Net cash flow from operating activities |
29.876 |
(20.382) |
9.212 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.76 |
0.82 |
1.01 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.77 |
3.57 |
3.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.37 |
3.73 |
5.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.12 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.51 |
1.87 |
1.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47 |
1.37 |
1.46 |
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 |
4.421 |
4.421 |
4.421 |
|
Reserves & Surplus |
62.059 |
67.909 |
72.913 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
66.480 |
72.330 |
77.334 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.609 |
|
Short term borrowings |
99.987 |
135.102 |
115.868 |
|
Total borrowings |
99.987 |
135.102 |
116.477 |
|
Debt/Equity ratio |
1.504 |
1.868 |
1.506 |
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 |
650.091 |
716.118 |
655.162 |
|
|
|
10.157 |
(8.512) |
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 |
650.091 |
716.118 |
655.162 |
|
Profit |
6.568 |
5.850 |
5.004 |
|
|
1.01% |
0.82% |
0.76% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 four 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 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10185776 |
15/02/2013 * |
175,000,000.00 |
STANDARD CHARTERED BANK |
GROUND FLOOR, ABHIJEET-II, MITHAKALI SIX ROADS,NA |
B68430594 |
|
2 |
10181997 |
20/12/2012 * |
175,000,000.00 |
STANDARD CHARTERED BANK |
GROUND FLOOR, ABHIJEET-II, MITHAKALI SIX ROADS,NA |
B65303570 |
* Date of charge modification
FIXED ASSETS
- Land
- Factory Building
- Plant and Machinery
- Electric Installation
- Furniture Fixture
- Office equipment
- Computer
- Vehicles
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.65.74 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.