MIRA INFORM REPORT
|
Report No. : |
343708 |
|
Report Date : |
05.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
HIND ELASTOMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
136, Tardeo Road, Mumbai – 400034, Maharashtra |
|
Tel. No.: |
91-22-23521619 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.08.1992 |
|
|
|
|
Com. Reg. No.: |
11-068200 |
|
|
|
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Capital
Investment / Paid-up Capital : |
Rs.10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34100MH1992PTC068200 |
|
|
|
|
IEC No.: |
0392049139 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH02862G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH1153J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer, Importer, Exporter and Trader of Synthetic Rubber. |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
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 : |
Subject is an established company incorporated in the year 1992 having
satisfactory track. Turnover and profit of the company has declined during FY 2014.
However, networth position of the company is satisfactory. General financial position of the company is normal and acceptable for
business dealings. Further, the rating takes into consideration comfortable liquidity
position of the company and favorable gap between trade payables and trade
receivables. Trade relations are reported as fair. Business is active. Payments are
reported as usually correct and as per commitments. In view of long track record and acceptable financial base, the
company can be considered normal 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
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.
LOCATIONS
|
Registered Office /
Administrative Office: |
1st Floor, Hind Rubber Building, 136, Tardeo Road, Mumbai – 400034, Maharashtra, India |
|
Tel. No.: |
91-22-23521619 / 23521620 / 23521621 |
|
Mobile No.: |
91-9819292921 (Mr. Gautamkumar) |
|
Fax No.: |
91-22-23521627 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
20000 Sq. Ft. |
|
Location : |
Leased |
|
|
|
|
Factory : |
A-754, TTC Industrial Area, MIDC, Khairne Village, Khairne, Navi Mumbai – 400701, Maharashtra, India |
|
Tel. No.: |
91-22-27780935 |
|
Fax No.: |
91-22-27782162 |
|
E-Mail : |
|
|
Area : |
16250 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located at ·
Delhi ·
Chennai ·
Kolkata ·
Pune ·
Mumbai ·
Hyderabad |
|
|
|
|
Warehouse : |
Located at ·
Bhiwandi (Mumbai) |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Gautamkumar Kailashchandra Jhunjhunwalla |
|
Designation : |
Director |
|
Address : |
81 Panorama, 203, Walkeshwar Road, Mumbai – 400006, Maharashtra, India
|
|
Date of Birth/Age : |
31.08.1967 |
|
Qualification : |
MBA |
|
Experience : |
20 Years |
|
Date of Appointment : |
25.03.2000 |
|
DIN No.: |
00219469 |
|
|
|
|
Name : |
Mr. Kailashchandra Shankerlal Jhunjhunwalla |
|
Designation : |
Director |
|
Address : |
81 Panorama, 203, Walkeshwar Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
31.05.1947 |
|
Qualification : |
B. Com |
|
Experience : |
45 Years |
|
Date of Appointment : |
18.08.1992 |
|
DIN No.: |
00359784 |
|
|
|
|
Name : |
Mr. Vishal Kailashchandra Jhunjhunwalla |
|
Designation : |
Director |
|
Address : |
81 Panorama, 203, Walkeshwar Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
29.07.1978 |
|
Qualification : |
B. Com |
|
Experience : |
10 Years |
|
Date of Appointment : |
01.07.1996 |
|
DIN No.: |
00359872 |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Kailashchandra Shankerlal Jhunjhunwalla |
87100 |
|
Gautamkumar Kailashchandra Jhunjhunwalla |
140100 |
|
Kailashchandra Shankerlal Jhunjhunwalla (HUF) |
35000 |
|
Chandrakanta K Jhunjhunwalla |
52000 |
|
Vishal Kailashchandra Jhunjhunwalla |
43400 |
|
Vishal Kailashchandra Jhunjhunwalla (HUF) |
100 |
|
K. S. Jhunjhunwalla (HUF-S) |
34900 |
|
G. K. Jhunjhunwalla (HUF) |
253342 |
|
Sanju G Jhunjhunwalla |
300000 |
|
Kamlesh J Prajapati |
26058 |
|
Sangeeta K Prajapati |
28000 |
|
|
|
|
Total |
1000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer, Exporter and Trader of Synthetic Rubber. |
|
|
|
|
Products : |
·
Polychloroprene Rubber ·
Acrylonitrile Butadine Rubber ·
Chloro SufonatedPolyethylene(CSP) ·
Chlorinated Polyethylene Polymer (CPP) ·
Fluoroelastomer(FKM) ·
Fluoroelastomer Compound – All Colors & All
Hardness ·
Polyacrylic Rubber ·
EPDM ·
Speciality Chemicals |
|
|
|
|
Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
·
The Saraswat Co-Operative Bank Limited, SME-Dadar
Branch, Popatlal Niwas, 1st Floor, Ranade Road, Dadar (West),
Mumbai – 400028, Maharashtra, India ·
Axis Bank Limited ·
HDFC Bank Limited ·
ICICI Bank Limited |
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Facilities : |
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Auditors : |
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||||||||||||
|
Name : |
Prajapati and Associates Chartered Accountants |
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|
Address : |
Office No.9, Panchwati, 1st Floor, Cornor of S. V. Road and
Bajaj Road, Kandivali (West), Mumbai – 400067, Maharashtra, India |
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Tel. No.: |
91-22-28654935 / 28610817 |
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E-Mail : |
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PAN No.: |
AAEFP5836B |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Sister Concern : |
·
Surmangal Capital Limited
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Related Party : |
·
Gautam Jhunjhunwalla HUF ·
K S Jhunjhunwalla HUF ·
Surmangal Capital Private Limited ·
Vishal Jhunjhunwalla HUF ·
JMF Synthetics India Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
57.691 |
53.124 |
44.957 |
|
(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) |
67.691 |
63.124 |
54.957 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
34.015 |
41.404 |
34.472 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
34.015 |
41.404 |
34.472 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
27.728 |
24.017 |
19.415 |
|
(b) Trade payables |
49.835 |
45.549 |
47.350 |
|
(c) Other
current liabilities |
3.526 |
2.989 |
2.885 |
|
(d) Short-term
provisions |
8.128 |
21.192 |
16.823 |
|
Total Current
Liabilities (4) |
89.217 |
93.747 |
86.473 |
|
|
|
|
|
|
TOTAL |
190.923 |
198.275 |
175.902 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
16.774 |
16.520 |
8.160 |
|
(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 |
0.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
0.837 |
0.572 |
0.135 |
|
(d) Long-term Loan and Advances |
0.651 |
0.650 |
1.448 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
18.287 |
17.767 |
9.768 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
68.346 |
69.409 |
74.436 |
|
(c) Trade
receivables |
86.772 |
80.816 |
65.826 |
|
(d) Cash
and cash equivalents |
6.228 |
7.582 |
7.324 |
|
(e)
Short-term loans and advances |
1.585 |
1.306 |
1.213 |
|
(f) Other
current assets |
9.705 |
21.395 |
17.335 |
|
Total Current
Assets |
172.636 |
180.508 |
166.134 |
|
|
|
|
|
|
TOTAL |
190.923 |
198.275 |
175.902 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
236.123 |
266.154 |
256.080 |
|
|
|
Other Income |
0.502 |
0.544 |
0.303 |
|
|
|
TOTAL (A) |
236.625 |
266.698 |
256.383 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
67.104 |
65.214 |
58.950 |
|
|
|
Purchase of Stock-in-trade |
119.169 |
138.084 |
152.902 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(8.011) |
5.485 |
(13.676) |
|
|
|
Employee Benefits Expenses |
14.506 |
11.073 |
9.754 |
|
|
|
Other Expenses |
26.807 |
23.770 |
25.515 |
|
|
|
TOTAL (B) |
219.575 |
243.626 |
233.445 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.050 |
23.072 |
22.938 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.162 |
9.853 |
8.096 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
6.888 |
13.219 |
14.842 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
1.344 |
1.393 |
1.583 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
5.544 |
11.826 |
13.259 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.735 |
3.662 |
4.826 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
3.809 |
8.164 |
8.433 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.81 |
-- |
-- |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.168 |
0.141 |
0.739 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.61 |
3.07 |
3.29 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.22 |
8.67 |
8.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
2.92 |
5.98 |
7.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.19 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.91 |
1.04 |
0.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94 |
1.93 |
1.92 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
44.957 |
53.124 |
57.691 |
|
Net
worth |
54.957 |
63.124 |
67.691 |
|
|
|
|
|
|
long-term borrowings |
34.472 |
41.404 |
34.015 |
|
Short term borrowings |
19.415 |
24.017 |
27.728 |
|
Current Maturities of Long term debt |
0.739 |
0.141 |
0.168 |
|
Total
borrowings |
54.626 |
65.562 |
61.911 |
|
Debt/Equity
ratio |
0.994 |
1.039 |
0.915 |
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 |
256.080 |
266.154 |
236.123 |
|
|
|
3.934 |
(11.283) |
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
|
256.080 |
266.154 |
236.123 |
|
Profit |
8.433 |
8.164 |
3.809 |
|
|
3.29% |
3.07% |
1.61% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
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 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 |
No |
|
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: The registered office
address of the company has been shifted from “A-754, TTC Industrial
Area, MIDC, Khairne Village, Khairne, Navi Mumbai – 400 701, Maharashtra,
India” to the present address w.e.f. 02.03.2010.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
From Directors |
33.799 |
41.404 |
|
|
|
|
|
Total |
33.799 |
41.404 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10417776 |
20/03/2014 * |
70,000,000.00 |
ICICI BANK LIMITED |
ICICI BANK LIMITED, LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C04054839 |
|
2 |
10422222 |
01/03/2013 |
10,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B73884132 |
*Date of modification Charges
FIXED ASSETS:
·
Leasehold Land
·
Factory Building
·
Plant and Machinery
·
Electrical Equipments
·
Vehicles
·
Fax Machines
·
Furniture and Fixtures
·
Computers
·
Software
·
Weighing Scale
·
Fire Extinguisher
·
KTS Systems
·
Office Equipments
·
Air Conditioner
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 records 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.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
3 |
|
--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 |
|
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.