|
Report Date : |
29.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
PANTALOONS FASHION AND RETAIL LIMITED (w.e.f. 23.04.2013) |
|
|
|
|
Formerly Known
As : |
PETER ENGLAND FASHIONS AND RETAIL LIMITED |
|
|
|
|
Registered
Office : |
701-704, 7th Floor, Skyline Icon Business Park, 86-92 Off A. K. Road, Marol Village, Andheri (East), Mumbai – 400059, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.04.2007 |
|
|
|
|
Com. Reg. No.: |
11-233901 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.050 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101MH2007PLC233901 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Readymade Garments, Accessories And Services. |
|
|
|
|
No. of Employees
: |
Information Denied By Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 40000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Aditya Birla Nuvo Limited’. It is a
well-established company having a good track record. It receives better operational and financial support from its holding
company. It has shown better improvement in its operations during 2012. Trade
relations are decent. Business is active. Payment terms are regular and as
per commitment. The company can be considered 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan: AA |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
4.03.2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Commercial Paper Programme: A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
4.03.2013 |
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 BY
|
Name : |
Mr. Solaman |
|
Designation : |
Commercial Department |
|
Contact No.: |
91-9320357739 |
|
Date : |
27.04.2013 |
LOCATIONS
|
Registered Office : |
701-704, 7th Floor, Skyline Icon Business Park,
86-92 Off A. K. Road, Marol Village, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9320357739 (Mr. Solaman) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on: 20.07.2012
|
Name : |
Mr. Manoj Ghanshyamdas Kedia |
|
Designation : |
Director |
|
Address : |
B-305, Shree Palace, Satya Nagar, Borivali (West), Mumbai – 400092,
Maharashtra, India |
|
Date of Birth/Age : |
08.10.1965 |
|
Date of Appointment : |
30.04.2012 |
|
DIN No.: |
00020419 |
|
|
|
|
Name : |
Mr. Sushil Agarwal |
|
Designation : |
Director |
|
Address : |
Ocean Co-operative Society Limited, 301, Ocean View Union Park, Khar
(West), Mumbai – 400052, Maharashtra, India |
|
Date of Birth/Age : |
13.06.1963 |
|
Date of Appointment : |
15.07.2010 |
|
DIN No.: |
00060017 |
|
|
|
|
Name : |
Mr. Pranab Barua |
|
Designation : |
Director |
|
Address : |
D-1, Cedar Crest, 258, 10th Main, Defence Colony, Indira
Nagar, Bangalore – 560038, Karnataka, India |
|
Date of Birth/Age : |
21.09.1952 |
|
Date of Appointment : |
23.01.2009 |
|
DIN No.: |
00230152 |
|
|
|
|
Name : |
Mr. Devendra Rakhabchand Bhandari |
|
Designation : |
Director |
|
Address : |
A-601, Muktangan Upper, Govind Nagar, Kailash Puri Road, Malad (East),
Mumbai – 400097, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1953 |
|
Date of Appointment : |
30.04.2012 |
|
DIN No.: |
00339397 |
|
|
|
|
Name : |
Mr. Ashish Dikshit |
|
Designation : |
Director |
|
Address : |
E-405, Raheja Residency, 8th Main Road, Koramangala, 3rd
Block, Bangalore – 560034, Karnataka, India |
|
Date of Birth/Age : |
15.07.1969 |
|
Date of Appointment : |
15.07.2010 |
|
DIN No.: |
01842066 |
|
|
|
|
Name : |
Mr. Visvanathan Srinivasan |
|
Designation : |
Director |
|
Address : |
No. 481, First Floor, 15th Main, 16th Cross, HSR
Layout, Sector – 4, Bangalore – 560102, Karnataka, India |
|
Date of Birth/Age : |
02.06.1960 |
|
Date of Appointment : |
29.06.2009 |
|
DIN No.: |
02312556 |
|
|
|
|
Name : |
Mr. Anil Jagdish Rustogi |
|
Designation : |
Director |
|
Address : |
71, 7th Floor, Juhu
Shalimar Co-operative Housing Society Limited, JVPDSC, Gulmohar RX Road No.
10, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1965 |
|
Date of Appointment : |
30.04.2012 |
|
DIN No.: |
02678608 |
KEY EXECUTIVES
|
Name : |
Mr. Solaman |
|
Designation : |
Commercial Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 20.07.2012
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Indigold Trade and Services Limited, India |
|
499994 |
|
Kapoor Bir Indigold Trade and Services Limited, India |
|
1 |
|
Desai T. P. Indigold Trade and Services Limited, India |
|
1 |
|
Sharma C. R. Indigold Trade and Services Limited, India |
|
1 |
|
Shah Monaj Indigold Trade and Services Limited, India |
|
1 |
|
Pareek S. S. Indigold Trade and Services Limited, India |
|
1 |
|
Gupta Anupam Indigold Trade and Services Limited, India |
|
1 |
|
Total |
|
500000 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Aditya Birla Nuvo Limited, India |
|
500000 |
|
Naman Finance and Investments Private Limited, India |
|
250 |
|
Infocyber (India) Private Limited, India |
|
250 |
|
Total |
|
500500 |
Equity Share Break up (Percentage of Total Equity)
As on: 20.07.2012
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Readymade Garments, Accessories And Services. |
GENERAL INFORMATION
|
No. of Employees : |
Information Denied By Management |
|
|
|
|
Bankers : |
Dhanalakshmi Bank Limited, Ground Floor, Janmabhoomi Bhavan, Janmabhoomi Marg, Fort, Mumbai - 400001, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
Deloite Centre, Anchorage II100/2 Richmond Road, India |
|
PAN.: |
AACFD3771D |
|
|
|
|
Holding Company : |
Aditya Birla Nuvo Limited (ABNL) CIN No.: L17199GJ1956PLC001107 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
10015000 |
Preference Shares |
Rs.10/- each |
Rs. 101.500 Millions |
|
|
Total |
|
Rs. 201.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000
Millions |
|
500500 |
Preference Shares |
Rs.10/- each |
Rs. 5.050
Millions |
|
|
Total |
|
Rs. 10.050 Millions |
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 |
10.050 |
10.050 |
10.050 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.993 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
(8.827) |
(8.949) |
|
|
NETWORTH |
12.043 |
1.223 |
1.101 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12.043 |
1.223 |
1.101 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.004 |
0.012 |
0.020 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.177 |
3.177 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2.043
|
1.974 |
0.541 |
|
|
Sundry Debtors |
17.857
|
6.269 |
6.115 |
|
|
Cash & Bank Balances |
0.480
|
0.334 |
0.624 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
14.304
|
6.681 |
2.535 |
|
Total
Current Assets |
34.684
|
15.258 |
9.815 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
17.457
|
14.667 |
7.826 |
|
|
Other Current Liabilities |
1.723
|
1.366 |
0.111 |
|
|
Provisions |
6.642
|
1.191 |
0.797 |
|
Total
Current Liabilities |
25.822
|
17.224 |
8.734 |
|
|
Net Current Assets |
8.862
|
(1.966) |
1.081 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12.043 |
1.223 |
1.101 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
183.407 |
127.839 |
|
|
|
Other Income |
|
4.762 |
0.147 |
|
|
|
TOTAL (A) |
|
188.169 |
127.986 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
|
149.294 |
109.566 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
|
(0.069) |
(1.433) |
|
|
|
Employee benefit expense |
|
5.670 |
5.325 |
|
|
|
Other expenses |
|
15.007 |
14.111 |
|
|
|
TOTAL (B) |
|
169.902 |
127.569 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
18.267 |
0.417 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.354 |
0.037 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
17.913 |
0.380 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.008 |
0.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
17.905 |
0.372 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
5.675 |
0.250 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
12.230 |
0.122 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods (F.O.B. basis) |
|
155.409 |
119.855 |
|
|
TOTAL EARNINGS |
|
155.409 |
119.855 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
21.64 |
1.63 |
|
|
|
PARTICULARS |
|
|
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
135.955 |
|
|
|
Other Income |
|
|
54.616 |
|
|
|
TOTAL (A) |
|
|
190.571 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
|
|
96.101 |
|
|
|
Manufacturing service costs |
|
|
15.925 |
|
|
|
Employee related expenses |
|
|
9.769 |
|
|
|
Administrative selling other expenses |
|
|
148.905 |
|
|
|
TOTAL (B) |
|
|
270.700 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
(80.129) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
125.241 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
(205.370) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
47.712 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
|
|
(253.083) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
0.661 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
|
|
(253.744) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
(262.238 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods (F.O.B. basis) |
|
|
19.894 |
|
|
TOTAL EARNINGS |
|
|
19.894 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
(33.20) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.50
|
0.09 |
(133.15) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.76
|
0.29 |
(186.15) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
51.62
|
2.44 |
(2573.29) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.48
|
0.31 |
(229.87) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
0.88 |
1.12 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs
in Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Creditors due others |
17.457
|
14.667 |
7.826 |
|
Total |
17.457
|
14.667 |
7.826 |
|
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
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 |
No |
|
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 |
Yes |
NOTE:
The registered office of the company has been shifted from Aditya Birla Centre, A Wing 4th Floor, S. K. Ahire Marg, Worli, Mumbai – 400030, Maharashtra, India to present address w.e.f. 25.03.2013
REVIEW OF PERFORMANCE
The performance of the Company in the financial year was satisfactory. The turnover of the company was Rs. 183.407 Millions against Rs. 127.839 Millions in the previous year the net profit after tax was Rs. 12.230 Millions against a profit of Rs. 0.122 Million.
ACQUISITION OF FUTURE
GROUP'S PANTALOON RETAIL FORMAT BUSINESS
The holding Company, Aditya Birla Nuvo Limited (ABNL), at its meeting of Board of Director's held on 30 th April, 2012 has approved the proposed acquisition of a controlling stake in Future Group's Pantaloons Format Business post its demerger from Pantaloon Retail ( India) Limited. (PRIL) either directly or through its subsidiaries.
The proposed acquisition is in line with the strategic intent to be on the top of the league and create the largest integrated branded fashion player in the Country through an extension into the value segment.
A subsidiary of ABNL, have decided in principle, to acquire a controlling stake in Pantaloon Forman business , a division of Pantaloon Retail ( India) Limited by making an investment of about Rs.8000.000 Millions through subscribing to the issue of optionally fully convertible debentures, of PRIL ,subject to necessary approvals.
On completion of the acquisition, the two entities, ABNL's Madura Fashion & Lifestyle and PRIL will work closely as partners to derive operational synergies, in terms of back end, supply chain and many other important value drivers of the business. With this acquisition ABNL through its subsidiaries have multiple brands, store formats and a complete range across categories- casual wear, ethnic wear, formal wear, party wear, and sportswear for Men, Women and kids
The acquisition will catapult ABNL to the pole position in the branded fashion space in all the segments with a pan India presence
CONTINGENT
LIABILITIES NOT PROVIDED FOR:
(Rs in Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
|
Arrears of Preference Dividend |
0.806 |
0.000 |
|
Dividend Distribution tax on Preference dividend |
0.000 |
0.134 |
FIXED ASSETS
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. 54.29 |
|
|
1 |
Rs. 83.88 |
|
Euro |
1 |
Rs. 70.68 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.