|
Report Date : |
05.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
OSS RETAILS PRIVATE LIMITED |
|
|
|
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Registered
Office : |
102, Chawada Commercial Centre, New Link Road, Behind Fire Brigade, Malad
– (West), Mumbai – 400064, Maharashtra |
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Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2010 |
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|
|
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Date of
Incorporation : |
23.05.2008 |
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|
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Com. Reg. No.: |
11-182616 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.9.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109MH2008PTC182616 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUM004850G |
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PAN No.: [Permanent Account No.] |
AABCO0496L |
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Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Provide real estate business, travel services and internal marketing
services etc |
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|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 120000 |
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|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
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 – 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 : |
102, Chawada Commercial Centre, New Link Road, Behind Fire Brigade,
Malad – (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-42084208 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Ketan Jashwantlal Shah |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
35/6, Om Shiv Krupa Building, Haji Bapu Road, Malad, Mumbai,
Maharashtra, India |
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Date of Appointment : |
23.05.2008 |
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DIN No.: |
01313139 |
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Other
Directorship:
|
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|
Name : |
Mr. Subhashchand Ramratan Jewria |
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|
Designation : |
Director |
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|
Address : |
D-418, 4th Floor, Sai Chitra Apartment, Sector 8, Charkop
Kandivali (West), Mumbai – 400067, Maharashtra, India |
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Date of Appointment : |
23.05.2008 |
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DIN No.: |
01682919 |
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Other
Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ketan Jashwantlal Shah |
|
7450000 |
|
Subhashchand Ramratan Jewria |
|
7450000 |
|
Sanket C Mehta |
|
750000 |
|
Akshit Yogesh Shah |
|
50000 |
|
Bhartiben Narendrakumar Shah |
|
50000 |
|
Darshak Kirtilal Shah |
|
50000 |
|
Dhawal Kalpesh Shah |
|
50000 |
|
Dhirajlil Deepchand Shah |
|
50000 |
|
Harakchand Nagindas Shah |
|
50000 |
|
Jayesh Chimanlal Shah |
|
50000 |
|
Jigna Nimitkumar Shah |
|
50000 |
|
Ketan Harakchand Shah HUF |
|
50000 |
|
Keyur Yayesh Gandhi |
|
50000 |
|
Kinjal Sunil Gandhi |
|
50000 |
|
Mittal Darshak Shah |
|
50000 |
|
Rajnikant Malesra Shahrohinton |
|
50000 |
|
Ninit Kirtilal Shah |
|
50000 |
|
Niroo Anil Gala |
|
50000 |
|
Parag Chimanlal Shah |
|
50000 |
|
Paresh Chimanlal Shah |
|
50000 |
|
Prachi Jayesh Gandhi |
|
50000 |
|
Sandhya Darshak Shah |
|
50000 |
|
Sanjay Chimanlal Shah |
|
50000 |
|
Satish Nagindas Shah HUF |
|
50000 |
|
Yogesh Harakchand Shah HUF |
|
50000 |
|
|
|
|
|
Total |
|
16750000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provide real estate business, travel services and internal marketing
services etc |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
Oriental Bank of Commerce, Kalbadevi Branch, 17/19
Bomanji Master Road, New Silk Bazar, Kalbadevi, Mumbai – 400002, Maharashtra,
India ·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018,
Maharashtra, India |
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Facilities : |
(Rs. in Millions)
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Mehul V Doshi Chartered Accountant |
|
Address : |
302, B-Wing, Dhruvtara CHS, 90 Feet Road, Pantnagar, Ghatkopar (East),
Mumbai – 400075, Maharashtra, India |
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PAN.: |
AAHPD2318M |
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Associates : |
·
Oss Games Private Limited ·
Oss Realty Private Limited |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24900000 |
Equity Shares |
Rs.2/- each |
Rs.49.800 Millions |
|
100000 |
Preference Shares |
Rs.2/- each |
RS.0.200 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16750000 |
Equity Shares |
Rs.2/- each |
Rs.33.500
Millions |
|
|
|
|
|
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
Rs.10/- each |
Rs.8.000 Millions |
|
200000 |
Preference Shares |
Rs.10/- each |
RS.2.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.10.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
980000 |
Equity Shares |
Rs.10/- each |
Rs.9.800
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
9.800 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
21.746 |
0.256 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
31.546 |
0.356 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
4.620 |
0.000 |
|
|
2] Unsecured Loans |
|
123.122 |
44.971 |
|
|
TOTAL BORROWING |
|
127.742 |
44.971 |
|
|
DEFERRED TAX LIABILITIES |
|
1.681 |
0.808 |
|
|
|
|
|
|
|
|
TOTAL |
|
160.969 |
46.135 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
39.602 |
22.015 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
34.549 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
247.089 |
2.522 |
|
|
Cash & Bank Balances |
|
28.365 |
9.153 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
45.583 |
38.148 |
|
Total
Current Assets |
|
321.037 |
49.823 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
201.553
|
21.244 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
32.678 |
4.475 |
|
Total
Current Liabilities |
|
234.231 |
25.719 |
|
|
Net Current Assets |
|
86.806 |
24.104 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.012 |
0.016 |
|
|
|
|
|
|
|
|
TOTAL |
|
160.969 |
46.135 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
2669.058 |
838.033 |
|
|
|
Other Income |
|
3.929 |
0.362 |
|
|
|
TOTAL (A) |
|
2672.987 |
838.395 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase and Other Expenses |
|
2399.859 |
779.040 |
|
|
|
Payments to Employees |
|
106.364 |
32.301 |
|
|
|
Administrative and Other Expenses |
|
26.352 |
10.022 |
|
|
|
Selling and Distribution Expenses |
|
83.852 |
11.641 |
|
|
|
Preliminary Expenses W/off |
|
0.004 |
0.004 |
|
|
|
TOTAL (B) |
|
2616.431 |
833.008 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
56.556 |
5.387 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
15.315 |
1.356 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
41.241 |
4.031 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
10.141 |
2.278 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
31.100 |
1.753 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
9.610 |
1.497 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
|
21.490 |
0.256 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
21.93 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
0.80 |
0.03 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
1.17 |
0.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
9.69 |
3.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.99 |
4.92 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
7.43 |
72.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.37 |
1.94 |
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 two years |
Yes |
|
12) Profitability for last two 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 |
Yes |
|
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 |
No |
FINANCIAL RESULTS:
The directors hereby report that, since this is the Second
year of the working of the company, major amount was spent by company on
setting up the business and creating brand value of the organization. The company
has achieved net Profit of Rs.21.490 Millions for the year ended 31st
March 2010.
OPERATION:-
During the Second year of the company, the operations though have grown
but expecting substantial growth during the coming financial year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U51109MH2008PTC182616 |
|
Name of the company |
OSS RETAILS
PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
102, Chawada
Commercial Centre, New Link Road, Behind Fire Brigade, Malad – (West), Mumbai
– 400064, Maharashtra, India Email: subhash@donecard.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the
charge to be modified |
10288064 |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of charge holder |
Yes Bank
Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant
Road, Worli, Mumbai – 400018, Maharashtra, India Email: dlbbcadmum@yesbank.in |
|
Nature of instrument creating charge |
Supplemental DOH
and Deed of confirmation |
|
Date of instrument Creating the charge |
14.06.2011 |
|
Amount secured by the charge |
RS.193.631
Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Term Loan- 3.75% above Yes bank Ltd Base Rate (BR) YBL BR 8.50% Overdraft- 3.75% above Yes bank Ltd Base Rate (BR) YBL BR 8.50% Bank Guarantee - 1.5% p.a. Terms of Repayment Term Loan - 48 equated monthly installments Overdraft - On Demand/Annual Review Bank Guarantee - Max tenor 36 months including claim period Margin NA Extent and Operation of the charge Exclusive Charge on current assets of the Borrower to cover the
following facilities Term Loan (TL) : INR Rs.33.631 Millions Overdraft (OD) : INR RS.160.000 Millions Bank Guarantee (BG) (Sub limit of OD) : INR Rs.60.000 Millions Others |
|
Short particulars of the property or
asset(s) charged (including complete address and location of the property) |
As per point
13(d) above |
|
Date of instrument modifying the charge |
09.12.2010 |
|
Particulars of the present modification |
The existing
exclusive charge created on current assets is extended to secure the
facilities granted to M/s OSS Retails Private Limited the facility details are
as follows: Term Loan (TL) -
INR Rs.33.631 Millions (Existing Facility of INR Rs.40.000 Millions at
present level of outstanding) Overdraft (OD) -
INR Rs.160.000 Millions (Existing facility of INR Rs.60.000 Millions enhanced
to INR Rs.160,000,000/-) Bank Guarantee
(BG) (Sub limit of OD) - INR Rs.60.000 Millions (Existing Facility) |
Fixed Assets
·
Office Equipment
·
Computers
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicle
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.55.51 |
|
8UK Pound |
1 |
Rs.85.29 |
|
Euro |
1 |
Rs.68.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
NO |
|
--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 |
|
TOTAL |
|
43 |
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.