MIRA INFORM REPORT

 

 

Report No. :

344266

Report Date :

08.10.2015

 

IDENTIFICATION DETAILS

 

Name :

JADHAO GEARS PRIVATE LIMITED

 

 

Registered Office :

D9/ 2, D10 and D11, MIDC Area, Amravati – 444605, Maharashtra

Tel. No.:

91-721-2520807/ 2521382

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

08.01.2008

 

 

Com. Reg. No.:

11-177528

 

 

Capital Investment / Paid-up Capital :

Rs. 30.500 Million

 

 

CIN No.:

[Company Identification No.]

U29130MH2008PTC177528

 

 

IEC No.:

5009000831

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

NGPJ01738C

 

 

PAN No.:

[Permanent Account No.]

AACCJ0437B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer, Exporter and Importer of engineering goods, DR ginning machines, and cotton bale presses.

 

 

No. of Employees :

300 (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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated during the year 2008 having satisfactory track.

 

The company possesses an above average financial risk profile marked by healthy net worth position and comfortable liquidity position of the company.

 

The rating also takes into consideration significant growth in turnover and profit of the company during FY 2014.

 

Trade relations reported to be fair. Business is active. Payment terms are reported to be usually correct an 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

 

Rating Agency Name

CRISIL

Rating

Long Term Rating BB+/ Positive

Rating Explanation

Moderate risk of default

Date

08.07.2015

 

Rating Agency Name

CRISIL

Rating

Short Term Rating = A4+

Rating Explanation

Minimal degree of safety and carry very high credit risk.

Date

08.07.2015

 

 

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. Jeevanlal Kurhade

Designation :

Marketing Manager

Contact No.:

91-8888854044

Date :

07.10.2015

 

 

LOCATIONS

 

Registered Office/ Factory :

D9/ 2, D10 and D11, MIDC Area, Amravati – 444605, Maharashtra, India

Tel. No.:

91-721-2520807/ 2521382

Mobile No.:

91-8888854044 (Mr. Jeevanlal)

Fax No.:

91-721-2521382 / 2522078

E-Mail :

jeevanlalkurhad@gmail.com

jadhao_gears@rediffmail.com

Website :

www.jadhaogin.com

 

 

Corporate / Branch Office :

Mulund (West), Mumbai, Maharashtra, India

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Sanjay Shankarrao Jadhao

Designation :

Director

Address :

Saiee Bunglow,  1/7, Mangilal Plots, Opposite IMA Hall, Camp Road, Amravati – 444 602, Maharashtra, India

Date of Birth/Age :

03.03.1962

Qualification :

B.E.

Date of Appointment :

08.01.2008

DIN No.:

01833719

PAN No.:

AARPJ6547L

Other Directorship: 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U29130MH2008PTC177528

JADHAO GEARS PRIVATE LIMITED

Director

8/1/2008

8/1/2008

-

Active

NO

2

U31909MH2010PTC200650

JADHAO POWER SYSTEMS PRIVATE LIMITED

Director

8/3/2010

8/3/2010

-

Strike off

NO

3

U17120MH2010PTC206957

J. J. FINE SPUN PRIVATE LIMITED

Director

24/08/2010

24/08/2010

-

Active

NO

4

U70102MH2010PTC208950

JADHAO REALTY PRIVATE LIMITED

Director

13/10/2010

13/10/2010

-

Active

NO

5

U01403MH2011PTC219987

JADHAO LAYLAND PRIVATE LIMITED

Director

20/07/2011

20/07/2011

-

Active

NO

6

U74900MH2011PTC224117

GUKSS AUTOMATION PRIVATE LIMITED

Director

19/11/2011

19/11/2011

-

Active

NO

7

U74900MH2013PTC246594

SEA & SKY ENGINEERING PRIVATE LIMITED

Director

2/8/2013

2/8/2013

-

Active

NO

8

U74999MH2013PTC247195

FARM PREPARATION PRIVATE LIMITED

Director

19/08/2013

19/08/2013

-

Active

NO

 

 

Name :

Mrs. Smita Sanjay Jadhao

Designation :

Director

Address :

Saiee Bunglow,  1/7, Mangilal Plots, Opposite IMA Hall, Camp Road, Amravati – 444 602, Maharashtra, India

Date of Birth/Age :

17.04.1964

Qualification :

M.A.

Date of Appointment :

08.01.2008

DIN No.:

00958717

PAN No.:

ABVPJ9175F

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U29210MH1993PTC071073

JADHAO AGRO INDUSTRIES PRIVATE LIMITED

Director

9/3/1993

9/3/1993

-

Active

NO

2

U29130MH2008PTC177528

JADHAO GEARS PRIVATE LIMITED

Director

8/1/2008

8/1/2008

-

Active

NO

3

U31909MH2010PTC200650

JADHAO POWER SYSTEMS PRIVATE LIMITED

Director

8/3/2010

8/3/2010

-

Strike off

NO

4

U70102MH2010PTC208950

JADHAO REALTY PRIVATE LIMITED

Director

13/10/2010

13/10/2010

-

Active

NO

5

U01403MH2011PTC219987

JADHAO LAYLAND PRIVATE LIMITED

Director

20/07/2011

20/07/2011

-

Active

NO

6

U74900MH2013PTC246594

SEA AND SKY ENGINEERING PRIVATE LIMITED

Director

2/8/2013

2/8/2013

-

Active

NO

7

U74999MH2013PTC247195

FARM PREPARATION PRIVATE LIMITED

Director

19/08/2013

19/08/2013

-

Active

NO

 

 

Name :

Ms. Swapnali Sanjay Jadhao

Designation :

Director

Address :

Saiee Bunglow,  1/7, Mangilal Plots, Opposite IMA Hall, Camp Road, Amravati – 444 602, Maharashtra, India

Date of Birth/Age :

10.11.1987

Date of Appointment :

30.08.2012

DIN No.:

02687686

PAN No.:

AGWPJ6000B

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Sanjay Shankarrao Jadhao

2550000

83.61

Smita Sanjay Jadhao

500000

16.39

Total

3050000

100.00

 

 

 

 

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, Exporter and Importer of engineering goods, DR ginning machines, and cotton bale presses.

 

 

Products :

Item Code No.

Product Description

84451910

Cotton Processing Machine (Including cotton ginning machine)

 

  • Cotton ginning and Pressing Plants
  • Cotton Baling Press Machines
  • Cotton Baling Press
  • Sheet Metal Components
  • Ginning Machines Electrical Panels
  • Ginning Machines Ragiators.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products:
  • Cotton ginning and Pressing Plants
  • Cotton Baling Press Machines
  • Cotton Baling Press
  • Sheet Metal Components
  • Ginning Machines Electrical Panels
  • Ginning Machines Radiators

Country:

South Africa

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Advance Payment

 

 

Purchasing :

Advance Payment

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Wholesalers and End Users

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

300 (Approximately)

 

 

Bankers :
  • State Bank Of India, Amravati Main Branch, Shyam Chowk, Amravati - 444601, Maharashtra, India

 

Banker Name

Small Industries Development Bank of India

Branch Address

Ground Floor, National Insurance Building, Kingsway, Nagpur - 440010, Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG-TERM BORROWINGS

 

 

Term Loans From Bank

25.621

49.578

SHORT-TERM BORROWINGS

 

 

Loans Repayable On Demand

50.098

82.219

Total

75.719

131.797

 

Auditors :

 

Name :

K D Nichat and Company

Chartered Accountants

Address :

Jaistambh, Chowk, Jawahar Road, Amravati – 444601, Maharashtra, India

PAN N Income-tax PAN of auditor or auditor's firm :

AAIPN2527R

 

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Enterprises in which KMP / Relatives of KMP can exercise significant influence:
  • Jadhao Steel Alloys and Jadhao Associates, India
  • J. J. Fine Spun Private, Limited, India [U17120MH2010PTC206957]
  • Gukss Industries, India
  • Jadhao Layland Private Limited, India [U01403MH2011PTC219987]

 

 

Other Parties :
  • Sanjay Jadhao, Jadhao Gears and Jadhao Icons, India
  • Smita Jadhao, Jadhao Engineers and S.S. Industries, India

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

3050000

Equity Shares

Rs.10/- each

Rs.30.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

3050000

Equity Shares

Rs.10/- each

Rs.30.500 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

30.500

30.500

30.500

(b) Reserves & Surplus

96.848

69.490

50.899

(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)

127.348

99.990

81.399

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

25.621

49.578

67.728

(b) Deferred tax liabilities (Net)

0.000

2.810

8.954

(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)

25.621

52.388

76.682

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

50.098

82.219

75.019

(b) Trade payables

83.009

70.893

64.033

(c) Other current liabilities

130.437

91.947

73.835

(d) Short-term provisions

1.617

0.000

0.000

Total Current Liabilities (4)

265.161

245.059

212.887

 

 

 

 

TOTAL

418.130

397.437

370.968

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

91.564

112.826

113.720

(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

38.376

30.300

1.000

(c) Deferred tax assets (net)

2.387

0.000

0.000

(d)  Long-term Loan and Advances

1.485

1.702

2.916

(e) Other Non-current assets

0.000

0.866

0.000

Total Non-Current Assets

133.812

145.694

117.636

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

20.786

71.088

64.571

(c) Trade receivables

61.402

55.180

29.949

(d) Cash and cash equivalents

24.411

18.784

46.266

(e) Short-term loans and advances

175.598

106.691

112.546

(f) Other current assets

2.121

0.000

0.000

Total Current Assets

284.318

251.743

253.332

 

 

 

 

TOTAL

418.130

397.437

370.968

 

 

PROFIT & LOSS ACCOUNT

 

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

1213.371

920.146

1057.316

 

 

Other Income

11.940

1.496

4.816

 

 

TOTAL                                    

1225.311

921.642

1062.132

 

 

 

 

 

Less

TOTAL EXPENSES

1188.587

900.971

1053.077

 

 

 

 

 

 

PROFIT BEFORE TAX

36.724

20.671

9.055

 

 

 

 

 

Less

TAX                                                                 

9.366

2.093

2.829

 

 

 

 

 

 

PROFIT AFTER TAX

27.358

18.578

6.226

 

 

 

 

 

 

Earnings Per Share (Rs.)

8.97

6.09

2.04

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

1500.000

 

 

 

 

 

Expected Sales (2015-2016): Rs.1100.000 Million

 

The above information has been parted by Mr. Jeevanlal Kurhade (Marketing Manager)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

24.223

23.786

21.600

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

93.335

65.347

25.809

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

2.25

2.02

0.59

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

3.03

2.25

0.86

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

9.73

5.63

2.45

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.29

0.21

0.11

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.78

1.56

2.02

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.07

1.03

1.19

 

 

 

 

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

30.500

30.500

30.500

Reserves & Surplus

50.899

69.490

96.848

Net worth

81.399

99.990

127.348

 

 

 

 

long-term borrowings

67.728

49.578

25.621

Short term borrowings

75.019

82.219

50.098

Current maturities of long-term debts

21.600

23.786

24.223

Total borrowings

164.347

155.583

99.942

Debt/Equity ratio

2.019

1.556

0.785

 

 

 

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

1057.316

920.146

1213.371

 

 

(12.973)

31.867

 

 

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

1057.316

920.146

1213.371

Profit

6.226

18.579

27.358

 

0.59%

2.02%

2.25%

 

 

 

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

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

Yes

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

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 fours 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

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

 

 

 

 

FUTURE OUTLOOK:

 

The Company has been constantly engaged in concern business for development of new area and technique for improvement and enhancement of business. The company is confident in achieving increased turnover and profit in the years to come.

 

 

INDEX OF CHARGESs

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10422395

20/04/2013

157,000,000.00

STATE BANK OF INDIA

AMRAVATI MAIN BRANCH, SHYAM CHOWK, AMRAVATI - 444601, MAHARASHTRA, INDIA

B73927006

2

10353398

04/03/2013 *

157,000,000.00

STATE BANK OF INDIA

AMRAVATI MAIN BRANCH,, SHYAM CHOWK, AMRAVATI- 444601,  MAHARASHTRA, INDIA

B73177578

3

10277178

23/06/2010

47,900,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

GROUND FLOOR, NATIONAL INSURANCE BUILDING, KINGS 
WAY, NAGPUR- 440010, MAHARASHTRA, INDIA

A93942571

4

10217241

22/07/2009

75,000,000.00

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

NATIONAL INSURANCE BUILDING, S. V. PATEL MARG, KINGSWAY, NAGPUR- 440001, MAHARASHTRA, INDIA

A71839732

 

 

* Date of charge modification

 

 

FIXED ASSETS

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.65.26

UK Pound

1

Rs.99.53

Euro

1

Rs.73.47

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUV

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

GTA

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

6

--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

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.