|
Report Date : |
24.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
STAPLES FUTURE
OFFICE PRODUCTS PRIVATE LIMITED (w.e.f 21.05.2007) |
|
|
|
|
Formerly Known
As : |
FUTURE OFFICE PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Knowledge House, Shyam Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.01.2007 |
|
|
|
|
Com. Reg. No.: |
11-166866 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 53.669 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2007PTC166866 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMF04813E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCF0402F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of all kinds of Office Equipments. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
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 : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appear huge accumulated losses recorded by the company. The external borrowing seems to be huge. The liquidity positions
appear to be weak. However, business is active. Payments are reported to be slow. The company can be considered for business dealings on a safe and
secured trade terms and condition. |
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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 PARTED BY
|
Name : |
Mr. Vijay Saurav |
|
Designation : |
Finance Assistant |
|
Contact No.: |
91-22-30008001 |
|
Date : |
23.08.2013 |
LOCATIONS
|
Registered Office : |
Knowledge House, Shyam Nagar, |
|
Tel. No.: |
91-22-30008000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
prem.parihar@staplesfuture.com
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
3rd Floor, |
|
Tel. No.: |
91-22-30008001 |
|
Fax No.: |
91-22-30008008 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Shailesh Shreevallabh Karwa |
|
Designation : |
Director |
|
Address : |
Kamal Kunj, 87B, Bomanji Petit Road, Near |
|
Date of Birth/Age : |
06.03.1977 |
|
Qualification : |
MBA |
|
Date of Appointment : |
15.03.2007 |
|
DIN No.: |
00062674 |
|
|
|
|
Name : |
Mr. Sharad Ravi Dalmia |
|
Designation : |
Director |
|
Address : |
301, Samudra Setu, Off |
|
Date of Birth/Age : |
26.10.1977 |
|
Qualification : |
MBA |
|
Date of Appointment : |
15.03.2007 |
|
DIN No.: |
00635001 |
|
|
|
|
Name : |
Mr. Hemal Navinchandra Zaveri |
|
Designation : |
Director |
|
Address : |
23-B/10, |
|
Date of Birth/Age : |
12.12.1976 |
|
Date of Appointment : |
05.11.2008 |
|
DIN No.: |
01718888 |
|
|
|
|
Name : |
Mr. Anand Balasundaram |
|
Designation : |
Director |
|
Address : |
D-814, Paradise, Raheja Vihar, Powai, Mumbai – 400 072, |
|
Date of Appointment : |
06.04.2011 |
|
DIN No.: |
02792009 |
|
|
|
|
Name : |
Mr. Venkatesh Raghavendra Gulur |
|
Designation : |
Director |
|
Address : |
Flat B-401 Technopark 2, |
|
Date of Birth/Age : |
17.01.1971 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
02813390 |
|
|
|
|
Name : |
Ms. Christine T Komola |
|
Designation : |
Director |
|
Address : |
295 Bridge Trail Road, Needham MA, USA-024921484 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02854126 |
|
|
|
|
Name : |
Mr. Michel A. Miles JR |
|
Designation : |
Director |
|
Address : |
|
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02920241 |
|
|
|
|
Name : |
Mr. John K George Barton |
|
Designation : |
Director |
|
Address : |
16, |
|
Date of Birth/Age : |
02.04.1957 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
03187942 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Saurav |
|
Designation : |
Finance Assistant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Shailesh Shreevallabh Karwa |
454050 |
|
Sharad Ravi Dalmia |
454050 |
|
Pantaloon Retail ( |
2119394 |
|
Staples Asia Investment Limited, |
2119394 |
|
Tirumal Trading and Investment Consultants Private Limited, |
220000 |
|
TOTAL
|
5366888 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s), Foreign companie(s)
Foreign financial institution(s), Non-resident Indian(s) or Overseas
Corporate bodies or Others |
39.60 |
|
Bodies corporate |
43.70 |
|
Directors or relatives of Directors |
16.70 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of all kinds of Office Equipments. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash, Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
v
ICICI Bank, Andheri Branch, Mumbai, v
Bank of |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.V. Ghatalia and Associates Chartered Accountants |
|
Address : |
Jalan Mill Compound, 95, Ganapatrao Kadam Marg, Lower Parel, Mumbai –
400 013, |
|
Tel. No.: |
91-22-40356300 |
|
Fax No.: |
91-22-40356400 |
|
PAN No.: |
AACFS6921Q |
|
|
|
|
Joint Venture : |
Future Retail Limited CIN No.:- L52399MH987PLC044954 Staples Asia Management Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5366888 |
Equity Shares |
Rs.10/- each |
Rs. 53.669
Millions |
|
|
|
|
|
AS ON 27.09.2012
Authorised Capital : Rs. 75.000
Millions
Issued, Subscribed & Paid-up Capital : Rs. 61.719 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
53.669 |
53.669 |
|
(b) Reserves & Surplus |
|
(350.817) |
136.706 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
(297.148) |
190.375 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.044 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
2.313 |
1.747 |
|
Total Non-current Liabilities (3) |
|
2.313 |
1.791 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
586.451 |
384.370 |
|
(b) Trade payables |
|
276.602 |
300.153 |
|
(c) Other current
liabilities |
|
247.740 |
89.479 |
|
(d) Short-term provisions |
|
0.547 |
0.000 |
|
Total Current Liabilities (4) |
|
1111.340 |
774.002 |
|
|
|
|
|
|
TOTAL |
|
816.505 |
966.168 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
91.928 |
115.460 |
|
(ii) Intangible Assets |
|
4.915 |
8.044 |
|
(iii) Capital
work-in-progress |
|
0.483 |
0.635 |
|
(b) Non-current Investments |
|
0.113 |
0.113 |
|
(c) Deferred tax assets (net) |
|
0.000 |
221.815 |
|
(d) Long-term Loan and Advances |
|
75.136 |
82.284 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
172.575 |
428.351 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
299.806 |
258.415 |
|
(c) Trade receivables |
|
284.333 |
245.339 |
|
(d) Cash and cash
equivalents |
|
7.168 |
24.074 |
|
(e) Short-term loans and
advances |
|
52.492 |
9.892 |
|
(f) Other current assets |
|
0.131 |
0.097 |
|
Total Current Assets |
|
643.930 |
537.817 |
|
|
|
|
|
|
TOTAL |
|
816.505 |
966.168 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
44.000 |
|
|
2] Share Application Money |
|
|
287.757 |
|
|
3] Reserves & Surplus |
|
|
354.159 |
|
|
4] (Accumulated Losses) |
|
|
(323.379) |
|
|
NETWORTH |
|
|
362.537 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.851 |
|
|
2] Unsecured Loans |
|
|
185.000 |
|
|
TOTAL BORROWING |
|
|
185.851 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
548.388 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
109.096 |
|
|
Capital work-in-progress |
|
|
14.099 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
153.869 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
168.229
|
|
|
Sundry Debtors |
|
|
244.857
|
|
|
Cash & Bank Balances |
|
|
16.206
|
|
|
Other Current Assets |
|
|
0.044
|
|
|
Loans & Advances |
|
|
92.537
|
|
Total
Current Assets |
|
|
521.873 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
220.601 |
|
|
Other Current Liabilities |
|
|
28.411
|
|
|
Provisions |
|
|
1.537
|
|
Total
Current Liabilities |
|
|
250.549 |
|
|
Net Current Assets |
|
|
271.324
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
548.388 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2086.369 |
1751.650 |
1327.082 |
|
|
|
Other Income |
15.225 |
2.536 |
2.716 |
|
|
|
TOTAL |
2101.594 |
1754.186 |
1329.798 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Expenses |
2387.887 |
2061.098 |
1470.124 |
|
|
|
Increases / (Decrease) in inventories |
(49.430) |
(90.186) |
0.473 |
|
|
|
TOTAL |
2338.457 |
1970.912 |
1470.597 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(236.863) |
(216.726) |
(140.799) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
28.634 |
27.624 |
25.904 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(265.497) |
(244.350) |
(166.703) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
222.026 |
(67.946) |
(48.937) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(487.523) |
(176.404) |
(117.766) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Reimbursement of expenses (On accrual basis) |
NA |
NA |
0.543 |
|
|
TOTAL EARNINGS |
NA |
NA |
0.543 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
NA |
NA |
5.613 |
|
|
TOTAL IMPORTS |
NA |
NA |
5.613 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(90.84) |
(33.66) |
(26.77) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(23.20)
|
(10.06) |
(8.86) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(12.73)
|
(13.95) |
(12.56)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(32.54)
|
(32.86) |
(26.42)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.89
|
(1.28) |
(0.46)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(1.97)
|
2.02 |
0.51
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.58
|
0.69 |
2.08
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
CURRENT MATURITIES
OF LONG TERM DEBT
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current maturities of long-term debt |
0.044 |
0.156 |
NA |
|
|
|
|
|
|
TOTAL |
0.044 |
0.156 |
NA |
CORPORATE
INFORMATION
Subject is a
private limited Company domiciled in India and incorported under the provisions
of The Companies Act, 1956. SFOPPL is a joint venture between Staples Asia
Investment Limited and Pantaloon Retail (India) Limited. SFOPPL aims to be the
largest office products company in India across Retail, Delivery and Online
channel. With a presence in over 9 cities in India, It would like to become the
single source provider of all office products including Technology, Supplies,
Promotional Gifting and Furniture products to large and small companies,
professionals and students.
The Staples
'Delivery' business is aimed at large Indian businesses, spanning multiple
locations, requiring seamless ordering and fulfillment and savings through
consolidated buying and improved consumption information.
BUSINESS OVERVIEW, GROWTH AND EXPANSION
The Company has achieved
turnover of Rs.2086.400 Millions during the year. Barring unforeseen
circumstances, further improvement in sale and services would improve the
profitability and the results of the current year in view of continued efforts
being made, the directors are optimistic for the better results during the
current year. The Company is taking effective steps to strengthen the
profitability and financial soundness of the Company.
FIXED ASSETS
· Computers
· Leasehold Improvements
· Office Equipment
· Furniture and Fixture
· Vehicles on lease
·
Software
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. 64.68 |
|
|
1 |
Rs. 100.79 |
|
Euro |
1 |
Rs. 86.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
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.