MIRA
INFORM REPORT
|
Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
MAX HYPERMARKET INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor (Above Spar Hypermarket) No 39/3 and 44, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.08.2004 |
|
|
|
|
Com. Reg. No.: |
08-37768 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.709.650 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52190KA2004PTC037768 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject operates Hyper Market and Super Markets. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1600000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company is under severe pressure. There appears huge accumulated
losses recorded by the company. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 : |
2nd Floor (Above Spar Hypermarket) No 39/3 and 44, |
|
Tel. No.: |
91-80-41811600 |
|
Fax No.: |
91-80-26769616 |
|
E-Mail : |
DIRECTORS
AS ON 12.09.2011
|
Name : |
Mr. Ramanathan Hariharan |
|
Designation : |
Director |
|
Address : |
Villa 13, Meadows 5, Street No.
6, PO Box 25030, Dubai, United Arab Emirates 100000 |
|
Date of Birth/Age : |
24.06.1955 |
|
Date of Appointment : |
19.10.2004 |
|
DIN No. : |
00323959 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U52190KA2004PTC037768 |
MAX
HYPERMARKET INDIA PRIVATE LIMITED |
Director |
19-10-04 |
19-10-04 |
- |
Active |
NO |
|
2 |
U52190KA1997PTC046775 |
LIFE
STYLE INTERNATIONAL PRIVATE LIMITED |
Director |
01-04-05 |
01-04-05 |
- |
Active |
NO |
|
3 |
U52190KA2005PTC035884 |
LMG
BRANDS INDIA PRIVATE LIMITED |
Director |
30-06-05 |
30-06-05 |
21-03-11 |
Active |
NO |
|
4 |
U55101KA2005PTC037255 |
CITYMAX
HOTELS (INDIA) PRIVATE LIMITED |
Director |
18-10-05 |
18-10-05 |
01-03-08 |
Active |
NO |
|
5 |
U92199KA2005PTC037615 |
CITYMAX
HOSPITALITY (INDIA) PRIVATE LIMITED |
Additional
director |
18-01-08 |
18-01-08 |
01-03-08 |
Active |
NO |
|
Name : |
Mr. Viney Singh |
|
Designation : |
Managing Director |
|
Address : |
201, Woodva le Apartments, Heather Block, Nandidurg Road, Benson Town,
Bangalore – 560 046, Karnataka, India |
|
Date of Birth/Age : |
28.11.1959 |
|
Date of Appointment : |
25.10.2006 |
|
DIN No. : |
00932145 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U52190KA2004PTC037768 |
MAX HYPERMARKET
INDIA PRIVATE LIMITED |
Managing
director |
25-10-09 |
25-10-06 |
- |
Active |
NO |
|
2 |
U55101KA2005PTC037255 |
CITYMAX
HOTELS (INDIA) PRIVATE LIMITED |
Director |
30-09-08 |
11-12-07 |
- |
Active |
NO |
|
3 |
U92199KA2005PTC037615 |
CITYMAX
HOSPITALITY (INDIA) PRIVATE LIMITED |
Director |
30-09-08 |
18-01-08 |
- |
Active |
NO |
|
4 |
U74999KA2008PTC047025 |
FOU
HOSPITALITY SERVICES PRIVATE LIMITED |
Director |
03-07-08 |
03-07-08 |
- |
Active |
NO |
|
Name : |
Mr. Sundararaman Nagarajan |
|
Designation : |
Director |
|
Address : |
Villa 273, Prestige Ozone, Near Varthur Kodi, Whitefield Road,
Bangalore – 560066, Karnataka, India |
|
Date of Birth/Age : |
30.07.1963 |
|
Date of Appointment : |
20.02.2006 |
|
DIN No. : |
00291247 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U55101KA2005PTC037255 |
CITYMAX
HOTELS (INDIA) PRIVATE LIMITED |
Director |
16-09-05 |
16-09-05 |
- |
Active |
NO |
|
2 |
U51909KA2005PTC037310 |
FUNCITY
LEISURE INDIA PRIVATE LIMITED |
Director |
23-09-05 |
23-09-05 |
- |
Active |
NO |
|
3 |
U92199KA2005PTC037615 |
CITYMAX
HOSPITALITY (INDIA) PRIVATE LIMITED |
Director |
08-11-05 |
08-11-05 |
- |
Active |
NO |
|
4 |
U51909KA2005PTC037614 |
CITYMAX
RESTAURANTS PRIVATE LIMITED |
Director |
08-11-05 |
08-11-05 |
- |
Active |
NO |
|
5 |
U52190KA2005PTC035884 |
LMG
BRANDS INDIA PRIVATE LIMITED |
Director |
22-11-05 |
22-11-05 |
- |
Active |
NO |
|
6 |
U52190KA2004PTC037768 |
MAX
HYPERMARKET INDIA PRIVATE LIMITED |
Director |
20-02-06 |
20-02-06 |
- |
Active |
NO |
|
7 |
U51909KA2008PTC047809 |
LMG
MAX ELECTRONICS PRIVATE LIMITED |
Director |
18-09-08 |
18-09-08 |
- |
Active |
NO |
|
8 |
U63090TN2002PTC048933 |
TRIDENT
LOGISTICS PRIVATE LIMITED |
Director |
20-07-09 |
18-05-09 |
- |
Strike
off |
NO |
|
9 |
U92100MH2009PTC196165 |
LANDMARK
FILMS INTERNATIONAL PRIVATE LIMITED |
Director |
01-10-09 |
01-10-09 |
- |
Active |
NO |
|
10 |
U80904KA2011NPL058386 |
LANDMARK
INSTITUTION FOR SKILLS TRAINING PRIVATE LIMITED |
Director |
28-04-11 |
28-04-11 |
- |
Active |
NO |
|
11 |
U92410KA2011PTC058504 |
LANDMARK
FITNESS PRIVATE LIMITED |
Director |
06-05-11 |
06-05-11 |
- |
Active |
NO |
|
Name : |
Mr. Vipin Bhandari |
|
Designation : |
Whole Time Director |
|
Address : |
F-403, |
|
Date of Birth/Age : |
02.02.1972 |
|
Date of Appointment : |
19.10.2004 |
|
DIN No. : |
00288440 |
|
Name : |
Mr. Mukesh Wadhumal Jagtiani |
|
Designation : |
Director |
|
Address : |
82 Sea Gull, 8th Floor, |
|
Date of Birth/Age : |
28.09.1951 |
|
Date of Appointment : |
19.10.2004 |
|
Date of Cessation : |
11.01.2012 |
|
DIN No. : |
00180876 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U52190KA1997PTC046775 |
LIFE
STYLE INTERNATIONAL PRIVATE LIMITED |
Director |
19-12-97 |
19-12-97 |
11-01-12 |
Active |
NO |
|
2 |
U52190KA2004PTC037768 |
MAX
HYPERMARKET INDIA PRIVATE LIMITED |
Director |
19-10-04 |
19-10-04 |
11-01-12 |
Active |
NO |
|
3 |
U52190KA2005PTC035884 |
LMG BRANDS
INDIA PRIVATE LIMITED |
Director |
30-06-05 |
30-06-05 |
21-03-11 |
Active |
NO |
|
4 |
U55101KA2005PTC037255 |
CITYMAX
HOTELS (INDIA) PRIVATE LIMITED |
Director |
18-10-05 |
18-10-05 |
28-11-11 |
Active |
NO |
|
5 |
U92199KA2005PTC037615 |
CITYMAX
HOSPITALITY (INDIA) PRIVATE LIMITED |
Director |
30-09-08 |
18-01-08 |
28-11-11 |
Active |
NO |
|
6 |
U92100MH2009PTC196165 |
LANDMARK
FILMS INTERNATIONAL PRIVATE LIMITED |
Director |
01-10-09 |
01-10-09 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. N Anantha Murthy |
|
Designation : |
Secretary |
|
Address : |
No. 888, 50th Main, 25th Cross, Kumara Swamy
Layout, 1st Stage, |
|
Date of Birth/Age : |
14.11.1973 |
|
Date of Appointment : |
17.11.2008 |
|
PAN No. : |
ACEPM1429K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Kabir Anil Lumba |
|
5000 |
|
Mukesh Wadhumal Jagtiani |
|
47539848 |
|
Renuka Mukesh Jagtiani |
|
23415150 |
|
Sundararaman Nagarajan |
|
5000 |
|
Total |
|
70964998 |
AS ON 12.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
99.99 |
|
Other top fifty shareholders |
|
0.01 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject operates Hyper Market and Super Markets. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
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|
|||||||||||||||
|
Bankers : |
·
Standard Chartered Bank, Raheja Towers, No. 26-27,
M G Road, Bangalore 560001, Karnataka, India ·
State Bank of India, Specialised Commercial
Branch, Krishi Bhavan, I Floor, Hudson Circle, Bangalore – 560 001,
Karnataka, India ·
IDBI Bank Limited, Specialised Corporate Branch,
102, |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
5th Floor, The Mellenia, 1 and 2 Tower D, Murphy Road, Ulsoor,
Bangalore – 560 008, Karnataka, India |
|
|
|
|
Related Parties : |
·
Lifestyle International Private Limited
(Lifestyle) ·
Citymax Hospitality (India) Private Limited
(Citymax) ·
Citymax Hotels (India) Private Limited (City
Hotel) ·
LMG Brands India Private Limited (LMG) ·
Max Beverages, A Partnership Firm (Max) |
CAPITAL STRUCTURE
After 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
75000000 |
Equity Shares |
Rs.10/ each |
Rs.750.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
70964998 |
Equity Shares |
Rs.10/- each |
Rs.709.650 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
709.650 |
652.983 |
602.983 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1166.250 |
882.917 |
632.916 |
|
|
4] (Accumulated Losses) |
(1470.067) |
(1092.956) |
(803.049) |
|
|
NETWORTH |
405.833 |
442.944 |
432.850 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
247.500 |
50.000 |
50.504 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
247.500 |
50.000 |
50.504 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
653.333 |
492.944 |
483.354 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
388.053 |
307.494 |
225.860 |
|
|
Capital work-in-progress |
160.961 |
22.663 |
44.648 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
63.849 |
62.982 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
304.847
|
143.311
|
86.687 |
|
|
Sundry Debtors |
14.513
|
14.578
|
16.452 |
|
|
Cash & Bank Balances |
11.530
|
67.378
|
32.917 |
|
|
Other Current Assets |
231.061
|
175.899
|
165.732 |
|
|
Loans & Advances |
43.550
|
25.003
|
19.292 |
|
Total
Current Assets |
605.501
|
426.169
|
321.080 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
344.717
|
207.958
|
102.900 |
|
|
Other Current Liabilities |
109.740
|
64.855
|
53.844 |
|
|
Provisions |
46.725
|
54.418
|
14.472 |
|
Total
Current Liabilities |
501.182
|
327.231
|
171.216 |
|
|
Net Current Assets |
104.319
|
98.938
|
149.864 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
653.333 |
492.944 |
483.354 |
|
PROFIT & LOSS
ACCOUNT
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(12.82)
|
(19.11)
|
(31.94) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(37.95)
|
(39.51)
|
(65.98) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.93)
|
(0.65)
|
(0.83) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.84
|
0.85
|
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21
|
1.30
|
1.87 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
NOTE:
Registered office of the company has been shifted from No.651, C.V. Naidu Chambers, 11th Cross Junction, 7th Block, Jayanagar Kanakapura Main Road, Bangalore – 560 082, Karnataka to the present address w.e.f. 01.08.2009
OPERATIONS:
During the year The Company launched two SPAR Hypermarket
stores at Mangalore and Delhi which received excellent response from the
customers.
During the financial year 2011-12 the company would be
opening 8 new SPAR Hypermarket / Supermarket stores at different locations across
the country. While the Supermarket at Pune and Hyderabad has been opened in Q1
of the FY 2011-12, remaining are on schedule and will open in next 3 quarters.
CONTINGENT
LIABILITY:
(Rs.
In Million)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Bank Guarantees |
5.573 |
1.125 |
|
Interest on Lease Obligation |
0.000 |
5.130 |
FIXED ASSETS
·
Leasehold Improvements
·
Plant, Machinery and Equipments
·
Computers
·
Furniture and Fittings
·
Motor Vehicles
·
Trade Marks
·
Software Licence
Bankers Charges Report
as per Registry
|
Corporate
identity number of the company |
U52190KA2004PTC037768 |
|
Name of the
company |
MAX HYPERMARKET INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
2nd Floor (Above Spar Hypermarket) No 39/3 and 44, E-mail : jagadish_rao@lifestylestores.com
|
|
This form is for |
Creation of
Charge |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Other
(stocks etc.) |
|
Particular of
charge holder |
Standard Chartered Bank, |
|
Nature of
instrument creating charge |
Unattested
memorandum of hypothecation (2 nos.) Dated 6th December 2010 |
|
Date of
instrument Creating the charge |
06.12.2010 |
|
Amount secured by
the charge |
Rs. 650.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 12% per annum or such
other rate of interest as may be specified by the bank from time to time and
as notified to the company by the bank Terms of repayment Term Loan:
Repayable in 16 equal quarterly installments Working Capital :
On demand Margin As may be agreed
between the company and the bank Extent and operation of the charge Charge extends by
way of First Charge on Secured Assets viz., Book Debts, Stocks and machinery |
|
Short particulars
of the property charged (Including location of the property) |
First Charge on
Secured Assets viz., Book Debts, Stocks to cover working capital facilities
of Rs.150.000 millions and First Charge on Secured Assets viz., Plant and
Machineries to cover Term Loan of Rs.500.000 millions |
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.52.00 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.68.40 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.