MIRA INFORM REPORT
|
Report No. : |
345684 |
|
Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAPAN METAL BUILDING SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-4, Community Centre, Naraina Vihar, New Delhi-110028 |
|
Tel. No.: |
91-11-43117700/23696096 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
31.12.1996 |
|
|
|
|
Com. Reg. No.: |
55-084145 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28111DL1996PTC084145 |
|
|
|
|
IEC No.: |
0597069191 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELJ02710B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAC12236L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Metal roofing, cladding, decking sheets
and pre-fabricated metal building systems. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
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 |
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|
|
|
Comments : |
Subject was incorporated on 31st December, 1996. It is an
Indo-Japanese Joint Venture that manufactures metal roofing, cladding,
decking sheets and pre-fabricated metal building systems. It has moderate
track record. The company has incurred a loss from its operations. There is an
unfavorable gap between trade receivables and trade payables. Further, the
rating also takes into consideration modest financial risk profile marked by
modest networth base drastic in its revenue during FY14. However, trade relations are fair. Business is active. Payment are
slow but correct. The company can be considered for business dealings with 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 |
CRISIL |
|
Rating |
Long term rating B+ |
|
Rating Explanation |
Have risk-prone-credit quality and carries very high credit risk. |
|
Date |
21.09.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A4 |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
21.09.2015 |
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. Suresh |
|
Designation : |
Accountant |
|
Contact No.: |
91-80-25536329 |
|
Date : |
14.10.2015 |
LOCATIONS
|
Registered Office : |
C-4 Community Centre, Naraina Vihar, New Delhi-110028, India |
|
Tel. No.: |
91-11-43117700/23696096 |
|
Fax No.: |
91-11-43117799 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office : |
No.6 Royal Arcade Koramangala, Industrial Area, Bangalore -560 095, Karnataka, India |
|
Tel. No.: |
91-80-25536329, 25525185 |
|
Fax No.: |
91-80-25536329, 25525185, 25536327 |
|
E-Mail : |
|
|
|
|
|
Factory : |
43-A, SIPCOT Industrial. Complex Phase I, Hosur – 635 126, Tamilnadu, India |
|
Tel. No.: |
91-4344-277753 |
|
Fax No.: |
91-4344-277784 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Sumnesh Kumar |
|
Designation : |
Director |
|
Address : |
C-9, Inderpuri, New Delhi-110012, India |
|
Date of Birth/Age : |
02.10.1949 |
|
DIN No.: |
02606949 |
|
|
|
|
Name : |
Capt. Pradeep Lal |
|
Designation : |
Managing Director |
|
Address : |
No.869, 12th Main, 3rd Koramangla,
Banglore-560853, Karnataka, India |
|
Date of Birth/Age : |
07.07.1956 |
|
DIN No.: |
00886334 |
|
|
|
|
Name : |
Mr. Manoj Lal |
|
Designation : |
Whole -time Director |
|
Address : |
C-9, Inderpuri, New Delhi-110012, India |
|
Date of Birth/Age : |
00563594 |
|
DIN No.: |
00563594 |
|
|
|
|
Name : |
Mr. Kakefu Tusyoshi |
|
Designation : |
Director |
|
Address : |
1987-170, simoedo, Kani City, Gifu-4660853, Japan |
|
Date of Birth/Age : |
27.07.1942 |
|
DIN No.: |
02597630 |
|
|
|
|
Name : |
Mr. Kenichi Miwa |
|
Designation : |
Director |
|
Address : |
4-9-8 Koga, Kaomaki, Komaki City, Aichi-4660853, Japan |
|
Date of Birth/Age : |
02.06.1950 |
|
DIN No.: |
02597604 |
|
|
|
|
Name : |
Mr. Hideki Ito |
|
Designation : |
Director |
|
Address : |
16-6,3, Chome, Shirangane, Showa-Ku, Japan |
|
Date of Birth/Age : |
16.09.1948 |
|
DIN No.: |
02597612 |
KEY EXECUTIVES
|
Name : |
Mr. Suresh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Sumnesh Kumar |
625000 |
25.00 |
|
Pradeep Lal |
300000 |
12.00 |
|
Manoj Lal |
300000 |
12.00 |
|
Takeshi Khotetsu Company Limited, Japan |
425000 |
17.00 |
|
Kakefu Kingzoku Zairyoten Limited, Japan |
425000 |
17.00 |
|
Sankhi Koumuten Company Limited, Japan |
425000 |
17.00 |
|
Total |
2500000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Metal roofing, cladding, decking sheets
and pre-fabricated metal building systems. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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|
Agencies Held : |
Not Available |
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|
Exports : |
|
|
Products : |
Finished goods |
|
Countries : |
Kenya |
|
|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
|
|
Selling : |
Cash / Cheque |
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|
|
|
Purchasing : |
Cash / Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
The Bank of Tokyo - Mitsubishi Limited, Venkataramana Centre, 563/2 ; Anna Salai Teynampet, Chennai - 641018, Tamilnadu, India Indian Overseas Bank, 5, K H Road, Shanthi Nagar, Bengaluru - 560027, Karnataka, India |
||||||||||||||||||||||||
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Facilities : |
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|
Auditors : |
|
|
Name : |
R. K. Relan and Company Chartered Accountants |
|
Address : |
B-45, First Floor, Greater
Kailash, Part-I, New Delhi-110048, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFR5656H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Entity over which key management personnel are able to exercise
significant influence : |
·
Milano International Private Limited ·
Human Base India Inc. ·
Milano Overseas ·
Maxim Foods ·
MTS Foods ·
Milano Export
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000
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 |
25.000 |
25.000 |
25.000 |
|
(b) Reserves & Surplus |
26.273 |
41.113 |
34.715 |
|
(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) |
51.273 |
66.113 |
59.715 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.488 |
3.632 |
1.116 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.323 |
|
(c) Other long term
liabilities |
0.344 |
0.344 |
0.344 |
|
(d) long-term
provisions |
11.541 |
7.986 |
7.989 |
|
Total Non-current
Liabilities (3) |
15.373 |
11.962 |
9.772 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.148 |
0.133 |
0.000 |
|
(b) Trade
payables |
22.701 |
18.913 |
49.617 |
|
(c) Other
current liabilities |
43.437 |
47.847 |
65.167 |
|
(d) Short-term
provisions |
0.000 |
6.460 |
2.905 |
|
Total Current
Liabilities (4) |
66.286 |
73.353 |
117.689 |
|
|
|
|
|
|
TOTAL |
132.932 |
151.428 |
187.176 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
28.651 |
32.258 |
28.507 |
|
(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) |
0.083 |
0.083 |
0.000 |
|
(d) Long-term Loan and Advances |
37.032 |
45.494 |
38.975 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
65.766 |
77.835 |
67.482 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
48.375 |
40.861 |
44.529 |
|
(c) Trade
receivables |
4.265 |
7.094 |
23.592 |
|
(d) Cash
and cash equivalents |
12.936 |
25.226 |
45.265 |
|
(e) Short-term
loans and advances |
1.580 |
0.362 |
4.539 |
|
(f) Other
current assets |
0.010 |
0.050 |
1.769 |
|
Total
Current Assets |
67.166 |
73.593 |
119.694 |
|
|
|
|
|
|
TOTAL |
132.932 |
151.428 |
187.176 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
148.913 |
281.524 |
260.815 |
|
|
|
Other Income |
3.088 |
2.620 |
2.255 |
|
|
|
TOTAL (A) |
152.001 |
284.144 |
263.070 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
83.352 |
151.430 |
166.622 |
|
|
|
Loss on Sale of Assets |
0.039 |
0.012 |
0.000 |
|
|
|
Purchase of Stock |
0.000 |
0.000 |
13.004 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
2.289 |
3.678 |
(11.189) |
|
|
|
Employees benefits expense |
25.054 |
25.945 |
18.873 |
|
|
|
Other expenses |
46.255 |
77.328 |
59.401 |
|
|
|
TOTAL (B) |
156.989 |
258.393 |
246.711 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
(4.988) |
25.751 |
16.359 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
5.232 |
7.051 |
1.835 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(10.220) |
18.700 |
14.524 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
4.621 |
4.847 |
2.562 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(14.841) |
13.853 |
11.962 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.001) |
4.550 |
3.142 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(14.840) |
9.303 |
8.820 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
(5.93) |
3.72 |
3.53 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
180.000 |
Expected Sales (2015-2016): Rs.200.000 Million
The above information has been parted by Mr. Suresh (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 |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(9.97) |
3.30 |
3.38 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(3.35) |
9.15 |
6.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(11.17) |
9.15 |
6.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.29) |
0.21 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07 |
0.06 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01 |
1.00 |
1.02 |
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 |
25.000 |
25.000 |
25.000 |
|
Reserves & Surplus |
34.715 |
41.113 |
26.273 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
59.715 |
66.113 |
51.273 |
|
|
|
|
|
|
long-term borrowings |
1.116 |
3.632 |
3.488 |
|
Short term borrowings |
0.000 |
0.133 |
0.148 |
|
Total
borrowings |
1.116 |
3.765 |
3.636 |
|
Debt/Equity
ratio |
0.019 |
0.057 |
0.071 |
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 |
260.815 |
281.524 |
148.913 |
|
|
|
7.940 |
(47.105) |
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 |
260.815 |
281.524 |
148.913 |
|
Profit |
8.820 |
9.303 |
(14.840) |
|
|
3.38% |
3.30% |
(9.97%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
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 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 |
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 |
CONTINGENT LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Matters in appeal with assistant commissioner of Hosur |
|
|
|
VAT 2007-2008 |
0.016 |
0.018 |
|
VAT 2008-2009 |
0.027 |
0.027 |
|
|
|
|
|
Matters in appeal with Deputy commissioner of Up |
|
|
|
VAT 2008-2009 |
0.834 |
0.000 |
FIXED ASSETS
- Plant and machinery
- Computers
- Cycle
- Office equipments
- Generator
- Furniture and fixture
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.64.82 |
|
|
1 |
Rs.100.41 |
|
Euro |
1 |
Rs.74.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
26 |
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.