BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
QRS RETAIL LIMITED |
Principal Name 1 |
MR. SHUNMUGAM MURALIDHARAN |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. SHENBAGAMUTHY GAUTHAMAN |
|
|
|
Registration # |
09-019890 |
|
Street Address |
TC 25/2424, 2ND FLOOR, |
||
|
Established Date |
03.10.2006 |
SIC Code |
-- |
|
Telephone# |
91-471-2462997/ 96 |
Business Style 1 |
DISTRIBUTOR |
|
Fax # |
91-471-2462995 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
REFRIGERATOR |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
WASHER |
|
Paid up capital |
RS.2,857,200/- |
Product Name 3 |
OWEN |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS – 100% |
Banking |
STATE BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
5 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
RELATED
PARTY |
|
QRS MARKETING PRIVATE LIMITED |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
287,000,000
|
Current Liabilities |
120,150,000 |
|
Inventories |
214,962,000
|
Long-term Liabilities |
342,479,000 |
|
Fixed Assets |
31,879,000 |
Other Liabilities |
3,976,000 |
|
Deferred Assets |
325,000 |
Total Liabilities |
466,605,000 |
|
Invest& other Assets |
6,000 |
Retained Earnings |
63,711,000 |
|
|
|
Net Worth |
67,567,000 |
|
Total Assets |
534,172,000 |
Total Liab. & Equity |
534,172,000 |
|
Total Assets (Previous Year) |
372,173,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,889,039,000 |
Net Profit |
12,227,000 |
|
Sales(Previous yr) |
1,456,498,000 |
Net Profit(Prev.yr) |
6,165,000 |
MIRA
INFORM REPORT
|
Report Date : |
12.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
QRS RETAIL LIMITED |
|
|
|
|
Registered
Office : |
TC 25/2424, 2nd Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
03.10.2006 |
|
|
|
|
Com. Reg. No.: |
09-019890 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.857
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52334KL2006PLC019890 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
TVDQ00036B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACQ1665J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor
of Refrigerator, Washer, Owen, TV, Mixture, Grinder Appliance, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 270000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office/ Head Office : |
TC 25/2424, 2nd Floor, |
|
Tel. No.: |
91-471-2462997/ 96 |
|
Fax No.: |
91-471-2462995 |
|
E-Mail : |
qrs@asianetindia.com |
|
Website : |
|
|
|
|
|
Branch Office : |
Located at: v Alappuzha v
Kozhikode ( v Chengannur v
v Kollam v Kottarakara v Kottayam v Malappuram v Pathanamthitta v Thriuvananthapuram |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Shunmugam Muralidharan |
|
Designation : |
Whole Time Director |
|
Address : |
Visalatha House, |
|
Date of Birth/Age : |
08.03.1962 |
|
Qualification : |
MAC Engineering |
|
Date of Appointment : |
03.10.2006 |
|
DIN No.: |
00483595 |
|
Other Directorship : |
QRS Marketing Private Limited U52599KL1999PTC012735 |
|
|
|
|
Name : |
Mr. Shenbagamuthy Gauthaman |
|
Designation : |
Whole Time Director |
|
Address : |
TC 215511 AN234, Adarsh Nagar, Pattom, Thiruvananthapuram – 695 004, |
|
Date of Birth/Age : |
10.12.1950 |
|
Qualification : |
MAC Engineering |
|
Date of Appointment : |
03.10.2006 |
|
DIN No.: |
00483638 |
|
Other Directorship: |
QRS Marketing Private Limited U52599KL1999PTC012735 |
|
|
|
|
Name : |
Mr. Giridharan Sujay |
|
Designation : |
Director |
|
Address : |
H. No. 709, |
|
Date of Birth/Age : |
29.04.1969 |
|
Date of Appointment : |
03.10.2006 |
|
DIN No.: |
00487967 |
|
|
|
|
Name : |
Mr. Ajith Raghavan |
|
Designation : |
Director |
|
Address : |
Rishikesh, H No.2/2211A P O Civil |
|
Date of Birth/Age : |
12.09.1980 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02840973 |
|
|
|
|
Name : |
Mr. Girdharan Jayanth |
|
Designation : |
Director |
|
Address : |
28/2408, Shanthi Nagar, Kadavanthara P O
Ernakulam – 682 020, |
|
Date of Birth/Age : |
14.07.1978 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02840955 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
N. Chandrasekharan |
|
1900 |
|
C. Prema |
|
2400 |
|
Chandrasekaran Ganeshan |
|
11950 |
|
G Mahima |
|
3000 |
|
Chandrasekaran Dinesh |
|
12000 |
|
D. Suganthi |
|
3000 |
|
Semabakamurthy Giridharan |
|
15910 |
|
G. Rajini |
|
7250 |
|
Giridharan Sujay |
|
14850 |
|
S. Radhika |
|
2250 |
|
G. Jayanth |
|
4800 |
|
J. Preethi |
|
2850 |
|
Sambakamurthy Guthaman |
|
21850 |
|
G. Kanthimathi |
|
8350 |
|
Baliga Raghuram |
|
1900 |
|
G. Abhimanyu Ganesh |
|
7500 |
|
A. Nandhitha |
|
2850 |
|
D. Shanmugam |
|
8580 |
|
Shumugam Muralidharan |
|
22100 |
|
M. Maheshwari |
|
7500 |
|
Thilakarajan Raghavan |
|
18800 |
|
R. Kalanidhi |
|
2500 |
|
R. Ajith |
|
7850 |
|
A. Mahalakshmi |
|
2850 |
|
R. Rasika |
|
2850 |
|
D. Ganesan |
|
2250 |
|
G. Jaganathan |
|
11800 |
|
J. Vijaykumari |
|
2500 |
|
J. Mumtaz |
|
2500 |
|
QRS Marketing (Private) Limited, |
|
62380 |
|
Dinesh C. |
|
6650 |
|
Total |
|
285720 |
As on 31.03.2011
|
Names of Allottees |
|
No. of Shares |
|
S. Giridharan |
|
6000 |
|
T. Ragavan |
|
6000 |
|
G. Sujay |
|
6000 |
|
R. Ajith |
|
6000 |
|
S. Guthaman |
|
5500 |
|
S. Muralidharan |
|
5500 |
|
Kanthimathi |
|
6000 |
|
C. Dinesh |
|
6000 |
|
G. Mahima |
|
6000 |
|
D. Ganesan |
|
6000 |
|
G. Jayanth |
|
6000 |
|
G. Abhimanyu |
|
6000 |
|
Total |
|
71000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor
of Refrigerator, Washer, Owen, TV, Mixture, Grinder Appliance, etc. |
|
|
|
|
Brand Names : |
“QRS”
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
v
State Bank of v
Axis Bank Limited, Ground Floor, v
Tamil Nadu Mercantile Bank, v
Tamil Nadu Mercantile Bank, Kottayam |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. Sunod Kumar and Associates Chartered Accountants |
|
Address : |
TC 41/2067(1), “Indraprasham”, |
|
Tel. No.: |
91-471-254126 |
|
Mobile No.: |
91-9387814378/ 9446572870 |
|
Income-tax
PAN of auditor or auditor's firm : |
AGJPP7980P |
|
|
|
|
Related Party : |
v Quilon Radio Service v Selfridges v QRS Marketing Private Limited v Fridge House |
CAPITAL STRUCTURE
After 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
900000 |
Equity Shares |
Rs.10/- each |
Rs.9.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
356720 |
Equity Shares |
Rs.10/- each |
Rs.3.567
Millions |
|
|
|
|
|
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
900000 |
Equity Shares |
Rs.10/- each |
Rs.9.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
285720 |
Equity Shares |
Rs.10/- each |
Rs.2.857
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.857 |
2.857 |
0.500 |
|
|
2] Advance for Share Capital |
0.999 |
0.999 |
1.400 |
|
|
3] Reserves & Surplus |
63.711 |
51.979 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(1.000) |
|
|
NETWORTH |
67.567 |
55.835 |
0.900 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
342.287 |
259.484 |
11.788 |
|
|
2] Unsecured Loans |
0.192 |
0.158 |
0.000 |
|
|
TOTAL BORROWING |
342.479 |
259.642 |
11.788 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.079 |
|
|
|
|
|
|
|
|
TOTAL |
410.046 |
315.477 |
12.767 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
31.879 |
17.721 |
3.383 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
10.356 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.325 |
0.285 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
214.962
|
161.173 |
3.225 |
|
|
Sundry Debtors |
64.576
|
24.617 |
0.017 |
|
|
Cash & Bank Balances |
5.842
|
4.819 |
2.975 |
|
|
Other Current Assets |
2.439
|
2.055 |
0.050 |
|
|
Loans & Advances |
214.143
|
161.490 |
0.303 |
|
Total
Current Assets |
501.962
|
354.154 |
6.570 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
55.466 |
7.561 |
|
|
Other Current Liabilities |
|
0.470 |
0.000 |
|
|
Provisions |
3.976
|
0.760 |
0.000 |
|
Total
Current Liabilities |
124.126
|
56.696 |
7.561 |
|
|
Net Current Assets |
377.836
|
297.458 |
(0.991) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.006 |
0.013 |
0.019 |
|
|
|
|
|
|
|
|
TOTAL |
410.046 |
315.477 |
12.767 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Operation |
1889.039 |
1456.498 |
12.671 |
|
|
|
Other Income |
91.981 |
38.730 |
1.073 |
|
|
|
TOTAL |
1981.020 |
1495.228 |
13.744 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operational
Expenses |
1792.502 |
1378.976 |
12.114 |
|
|
|
Employee Cost |
30.925 |
20.570 |
0.000 |
|
|
|
Administrative
and Other Cost |
94.004 |
58.625 |
2.507 |
|
|
|
Miscellaneous
Expenditure Written Off |
0.006 |
0.006 |
0.006 |
|
|
|
TOTAL |
1917.437 |
1458.177 |
14.627 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
63.583 |
37.051 |
0.883 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
38.247 |
25.329 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
25.336 |
11.722 |
0.883 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
5.611 |
3.181 |
0.017 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
19.725 |
8.541 |
(0.901) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.498 |
2.376 |
0.867 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) |
12.227 |
6.165 |
(0.988) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.835 |
(1.000) |
(0.012) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
- Proposed Dividend |
0.428 |
0.286 |
0.000 |
|
|
|
- Tax on Dividend |
0.066 |
0.044 |
0.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
16.568 |
4.835 |
(1.000) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
42.95 |
21.58 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total
Income |
(%) |
0.62 |
0.41 |
(7.19) |
|
|
|
|
|
|
|
Net Profit
Margin (PBT/Sales) |
(%) |
1.04 |
0.59 |
(7.11) |
|
|
|
|
|
|
|
Return on Total
Assets (PBT/Total
Assets} |
(%) |
3.69 |
2.30 |
(9.05) |
|
|
|
|
|
|
|
Return on
Investment (ROI) (PBT/Networth) |
|
0.29 |
0.15 |
(1.00) |
|
|
|
|
|
|
|
Debt Equity
Ratio (Total Liability/Networth) |
|
6.91 |
5.67 |
21.50 |
|
|
|
|
|
|
|
Current Ratio (Current
Asset/Current Liability) |
|
4.04 |
6.25 |
0.87 |
LOCAL AGENCY FURTHER INFORMATION
Operations:
During the year, the company has started its operations and is expected
to grow further in the coming year also. The brand name QRS has tremendous
potential in the market.
form 8:
|
Corporate
identity number of the company |
U52334KL2006PLC019890 |
|
Name of the
company |
QRS RETAIL LIMITED |
|
Address of the
registered office or of the principal place of business in |
TC 25/2424, 2nd Floor, E-Mail: muralidh@sify.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Floating Charge |
|
Particular of
charge holder |
Axis Bank Limited, Ground Floor, E-Mail: P.Renjith@axisbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation. |
|
Date of
instrument Creating the charge |
11.03.2011 |
|
Amount secured by
the charge |
Rs.16.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest: Base
Rate plus 3.35% p.a., presently 12.10% p.a. Terms of Repayment: Repayment: 52
weekly installments. The collections credited to the Escrow account during
the week shall be transferred to the loan account, at the end of every week
for the amount of installment / interest demanded during the week. Any
shortfall in EMI to be adjusted during the last week of each month by the
branch, from the balance in the Current Account of the borrower. Any further shotfall would be made good by
the borrower from their own source. Margin: As may be decided
by the Bank from time to time. Extent and
Operation of the charge: Exclusive first
charge by way of hypothecation in favour of the Bank of both present and
future credit/debit card receivables of the company from its branches under
Kottayam Division. Others: Nature of
facility: Card Power Demand loan Rs.16.500 millions. |
|
Short particulars
of the property charged |
Exclusive first
charge by way of hypothecation in favour of the Bank of both present and
future credit/debit card receivables of the company from its branches under
Kottayam Division. |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10081192 |
|
Corporate
identity number of the company |
U52334KL2006PLC019890 |
|
Name of the
company |
QRS RETAIL LIMITED |
|
Address of the
registered office or of the principal place of business in |
TC 25/2424, 2nd Floor, |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
State Bank of |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Agreement of Loan-Cum- Hypothecation |
|
Date of
instrument Creating the charge |
21.08.2009 |
|
Amount secured by
the charge |
Rs. 349.200
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest @1% below
State Bank Advance Rate (SBAR) (SBAR = 11.75% w.e.f 29.06.2009) As per
Agreement Terms of
Repayment As per Agreement Margin 20% of the bank
guarantee amount as cash margin in the form of fixed deposit – As Per
Agreement Extent and
Operation of the charge Charges Operates
as Hypothecation of all present and future stocks and receivables and other
current Assets Existing and Proposed Showrooms Exclusive First
charge on the Assets Created Out Of Bank Finance – As Per Agreement |
|
Short particulars
of the property charged |
(i) Charge
Operates As Hypothecation of all Present and Future Stocks and Receivables
and Other Current Assets Existing and Proposed Showrooms. (ii) Exclusive
First charge on The Assets Created Out Of Bank Finance |
CONTINGENT
LIABILITIES NOT PROVIDED FOR:
Outstanding letter of bank guarantees as at 31st March 2010
is issued by various banks are as follows:
|
Date of Issue |
Amount (Rs. in millions) |
Period |
Party |
Issuing Bank |
|
09.02.2010 |
3.351 |
40 months |
Kerala State
Electronics Development Corporation Limited |
Tamilnad
Mercantile Bank Limited |
Fixed Assets:
v Land
v Building
v Furniture and Fittings
v Computer and Accessories
v Plant and Machinery
v Vehicles
v Interior Decoration
v AC and Accessories
v Work in Progress
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 records 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.44.37 |
|
|
1 |
Rs.70.84 |
|
Euro |
1 |
Rs.62.95 |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.