MIRA
INFORM REPORT
|
Report Date : |
10.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ADITYA BIRLA CUSTOMER SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Aditya Birla Centre, S. K. Ahire Marg, Worli, Mumbai – 400030,
Maharashtra |
|
|
|
|
Country : |
India |
|
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|
Financials (as
on) : |
31.03.2012 |
|
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|
Date of
Incorporation : |
11.09.2008 |
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|
|
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Com. Reg. No.: |
11-186669 |
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|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U93000MH2008PTC186669 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA34226D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCA3055B |
|
|
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
The main object the Company is to provide all kinds of financial
services including, but not limited to customer interaction, management
services and consultancy services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Business in startup stage |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
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|
Comments : |
Subject is a subsidiary of ‘Aditya Birla Financial Services Private
Limited’. It is a company which is in startup stage. There appears huge accumulated losses recorded by the company which has
fully eroded the net worth. There also appear huge external borrowings. Payment terms are unknown. However, in view of strong holding the company can be considered for
business dealings on a safe secured 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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
31-03-2012.
INFORMATION DENIED
Management Non Co-Operative (91-22-39963541)
LOCATIONS
|
Registered Office : |
Aditya Birla Centre, S. K. Ahire Marg, Worli, Mumbai – 400030,
Maharashtra, India |
|
Tel. No.: |
91-22-43567225/ 43568300 |
|
Fax No.: |
91-22-43567266/ 43568310 |
|
E-Mail : |
DIRECTORS
As on: 30.07.2012
|
Name : |
Mr. Anil Chirania |
|
Designation : |
Director |
|
Address : |
Flat No.2-C, Narayani Mansion, 2nd Floor, 100 S N Roy Road,
Kolkata – 700038, West Bengal, India |
|
Date of Birth/Age : |
19.12.1969 |
|
Date of Appointment : |
11.09.2008 |
|
DIN No.: |
01082719 |
|
|
|
|
Name : |
Mr. Shriram Jagetiya |
|
Designation : |
Director |
|
Address : |
302, Prathmesh Pooja TPS Road, Near Shimpoli Ganapati Temple, Borivali
(West), Mumbai – 400092, Maharashtra, India |
|
Date of Birth/Age : |
21.04.1969 |
|
Date of Appointment : |
11.09.2008 |
|
DIN No.: |
01638250 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.07.2012
|
Names of Shareholders |
|
No. of Shares |
|
Aditya Birla Financial Services Private Limited, India |
|
9000 |
|
Shriram Jagetiya Jointly with Aditya Birla Financial Services Private
Limited, India |
|
1000 |
|
|
|
|
|
Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.07.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The main object the Company is to provide all kinds of financial
services including, but not limited to customer interaction, management services
and consultancy services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
Not Divulged |
|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
S.V. Ghatalia and Associates Chartered Accountants |
|
Address : |
22 Camac Street, Block C, Third Floor, Kolkata – 700016, India |
|
PAN No.: |
AACFS6921Q |
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|
|
|
Ultimate Holding
Company : |
Aditya Birla Nuvo Limited CIN No.: L17199GJ1956PLC001107 |
|
|
|
|
Holding Company : |
Aditya Birla Financial Services Private Limited CIN No.:U67120GJ2007PTC058890 |
|
|
|
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Fellow Subsidiary
Company : |
· Fellow Subsidiary company CIN No.:U65990GJ1991PLC064603 · Aditya Birla Money Mart Limited CIN No.:U61190GJ1997PLC062406 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(73.557) |
(14.883) |
(2.689) |
|
|
NETWORTH |
(73.457) |
(14.783) |
(2.589) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
216.100 |
74.350 |
2.590 |
|
|
TOTAL BORROWING |
216.100 |
74.350 |
2.590 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
142.643 |
59.567 |
0.001 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
208.361 |
0.080 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
62.045 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
2.900
|
3.887 |
0.014 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
9.719
|
1.048 |
0.000 |
|
Total
Current Assets |
12.619
|
4.935 |
0.014 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
24.445
|
5.389 |
0.013 |
|
|
Other Current Liabilities |
52.798
|
1.518 |
0.000 |
|
|
Provisions |
1.094
|
0.586 |
0.000 |
|
Total
Current Liabilities |
78.337
|
7.493 |
0.013 |
|
|
Net Current Assets |
(65.718)
|
(2.558) |
0.001 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
142.643 |
59.567 |
0.001 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Operations |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Personnel Cost |
|
|
0.000 |
|
|
|
Administrative and Other Expenses |
|
|
2.333 |
|
|
|
TOTAL (B) |
58.700
(Including Financial Expenses and
Depreciation) |
12.200 (Including
Financial Expenses and Depreciation) |
2.333 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
(2.333) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.012 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
|
|
(2.345) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(58.700) |
(12.200) |
(2.345) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(58.700) |
(12.200) |
(2.345) |
|
|
|
|
|
|
|
|
|
Add |
BALANCE
CARRIED FORWARD FROM THE PREVIOUS YEAR |
(14.800) |
(2.600) |
(0.344) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
FORWARD TO THE B/S |
(73.500) |
(14.800) |
(2.689) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(5870.00) |
(1220.00) |
(234.48) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(26.56) |
(243.27) |
(16750.00) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.80 |
0.83 |
0.91 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(2.94) |
(5.03) |
(1.00) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.16 |
0.66 |
1.08 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS:
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
24.445
|
5.389 |
0.013 |
|
|
|
|
|
|
Total |
24.445
|
5.389 |
0.013 |
|
Sr. No. |
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 |
Yes |
|
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 involved in |
-- |
|
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 |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Loans and advances from related parties |
21.500 |
0.000 |
|
Loans and advances from others |
194.600 |
74.350 |
|
|
|
|
|
Total |
216.100 |
74.350 |
BUSINESS PERFORMANCE
During the year the company successfully commissioned its online money management platform under the brand name ‘MyUniverse’. The product ‘MyUniverse’ enables the user to manage their scattered finances and investments through aggregation, analysis and advice on money management and perform transactions online. Accordingly the company was capitalized to the extent of Rs. 213.900 Millions during the FY 2011-12. The company soon plans to generate revenue through subscription charges and other value added services.
FIXED ASSETS
Tangible Assets
· Furniture and Fixtures
· Office Equipment
· Computer Equipments
Intangible Assets
· Computer Software
AS PER WEBSITE DETAIL
Press Release
Aditya Birla Money MyUniverse wins Finnoviti - 2012
Mumbai, Maharashtra, November 12, 2012 /India PRwire/ -- Aditya Birla Money MyUniverse, an integrated online money
management platform launched by Aditya Birla Financial Services, is now the
proud winner of Finnoviti-2012, an award for inspiring innovations in the
financial services sector.
Finnoviti is an award by the Banking Frontiers
that showcases on the key innovations which have transformed the financial
services sector. Around 150 entries were submitted by over 50 organizations as
nomination for the awards. 20 best innovations were recognised as winners by
the jury that included luminaries like Allen Pereira, Director and Member
Secretary, NIBM; A K Purwar, Former Chairman, SBI and Dr Ashok Jhunjhunwala,
Professor, IIT Madras amongst others. Ernst and Young was the knowledge partner
for this event.
Mr. Sudhakar Ramasubramanian, Managing Director - Aditya Birla Money
Limited and CEO - Aditya Birla Money Mart Limited said, "We are delighted on being presented this award. Aditya Birla
Money MyUniverse is a humble offering from us to make money management a
simpler exercise. It gives a person complete control over his money and helps
him in taking better financial decisions. Our belief has been validated by this
award and with more than 80000 users trusting MyUniverse in helping them manage
their money. The total money under management is more than Rs.30000.000 Millions."
Aditya Birla Money MyUniverse is a unique and
innovative solution which enables customers to aggregate their various
financial relationships in a highly secure environment and provides a
completely automated and customized advice on money management based on their
financial and risk profile. The platform also enables users to do expense
tracking, setting budgets, getting alerts, investment transactions, tax filing
and register for bill payment.
This award is another feather in the cap for
Aditya Birla Money MyUniverse which has already been voted "Product of the
year 2012" for innovation in financial services in a survey of over 30000
people conducted by Nielsen.
Notes to Editor
About Aditya Birla Money MyUniverse
Aditya Birla Money MyUniverse is an online
money management platform offered under the brand Aditya Birla Money (ABM).
ABM is a single brand offering the combined
products and services of Aditya Birla Customer Services Private Limited
(ABCSPL), Aditya Birla Money Mart (ABMM) and Aditya Birla Money Limited (ABML)
which offer a range of solutions for wealth management and broking. ABM also
offer third party products like company deposits, mutual funds, insurance,
structured products, alternate investments and property services.
The services of Aditya Birla Money MyUniverse
is offered by Aditya Birla Customer Services Private Limited.
www.myuniverse.co.in
Under the ABM brand, these businesses have a
strong pan India distribution network of about 1000 owned and franchisee
branches and enjoy the trust of over 4 lakh customers.
ABM is a part of the Aditya Birla Financial
Services Group (ABFSG) which provides a wide gamut of financial offerings such
as Life Insurance, Asset Management, NBFC, Private Equity, Broking, Wealth
Management and Distribution and General Insurance Advisory Services suited to
serve your financial needs.
About Aditya Birla Financial Services Group (ABFSG)
The Aditya Birla Financial Services Group (ABFSG)
has built a significant presence across its verticals, viz life insurance,
asset management, NBFC, private equity, broking, wealth management and
distribution and general insurance advisory services
The seven companies representing Aditya Birla
Financial Services Group are Birla Sun Life Insurance Company Limited., Birla
Sun Life Asset Management Company Limited, Aditya Birla Finance Limited, Aditya
Birla Capital Advisors Private Limited, Aditya Birla Money Limited, Aditya
Birla Money Mart Limited, and Aditya Birla Insurance Brokers Limited ABFSG is
committed to being a leader and role model in a broad based and integrated
financial services business. Its 7 lines of businesses, with about 5.5 million
customers manages assets worth Rs. 850000.000 Millions approximately and prides
itself for having a talent pool of about 17000 committed employees. ABFSG has
its wings spread across more than 500 cities in India through over 1775 points
of presence and about 200000 channel partners. This allows ABFSG to offer its
customers virtually anything under financial services except a savings or
current account. With revenue of over USD 1.3 billion (in 2011-2012) ABFSG is a
significant non bank player.
ABFSG is a part of Aditya Birla Nuvo Limited
(ABNL), a USD 4.5 billion conglomerate having leadership position across its
manufacturing as well as services sector businesses. ABNL is a part of the
Aditya Birla Group, a USD 35 billion Indian business house operating in 36
countries across the globe.
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.54.56 |
|
|
1 |
Rs.83.13 |
|
Euro |
1 |
Rs.70.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
14 |
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.