MIRA INFORM REPORT
|
Report Date : |
02.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
TULIPS AMBIENCE PRIVATE LIMITED |
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Registered
Office : |
1025-A, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
14.09.2001 |
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Com. Reg. No.: |
25-016441 |
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Capital
Investment / Paid-up Capital : |
Rs.2.500 millions |
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CIN No.: [Company Identification
No.] |
U51311PN2001PTC016441 |
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IEC No.: |
3102003206 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNET01798G |
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PAN No.: [Permanent
Account No.] |
AABCT5650M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is
primarily engaged in the business of buying, selling, exporting, importing
and trading of all types of
decorative items, artifacts, presentation items, lamps, gift items and all incidental
items required for daily use. |
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No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 63000 |
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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 record. 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.
INDIAN ECONOMIC OVERVIEW
|
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 DECLINED BY
|
Name : |
Mr. Pravin |
|
Designation : |
Accountant |
|
Date : |
02.02.2013 |
LOCATIONS
|
Registered Office/ Head Office/ Factory/ Showroom : |
1025-A, |
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Tel. No.: |
91-20-24463893/ 94 |
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Fax No.: |
91-20-24488116 |
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E-Mail : |
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Website : |
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Area : |
2500 sq. ft. |
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Location : |
Owned |
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Flagship Store : |
Ground Floor, A.G. Tech Park, |
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Project Offices : |
Located at: v E-Mail: bangalore@tulipsindia.com v E-Mail: hyderabad@tulipsindia.com v Chennai |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Siddharth Sunil Mutha |
|
Designation : |
Managing Director |
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Address : |
1087, Kuldeep Sathe Colony, Shukrawar Peth, Pune – 411 002, |
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Date of Birth/Age : |
06.01.1983 |
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Qualification : |
MSC Advances Marketing Management Degree from |
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Date of Appointment : |
14.01.2008 |
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PAN No.: |
AICPM5611R |
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DIN No.: |
01643503 |
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Name : |
Mrs. Rajkumari Sunil Mutha |
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Designation : |
Director |
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Address : |
1087, Kuldeep Sathe Colony, Shukrawar Peth, Pune – 411 002, |
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Date of Birth/Age : |
15.12.1960 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
14.09.2001 |
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PAN No.: |
ADFPM7722D |
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DIN No.: |
01829708 |
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Name : |
Mrs. Niyati Siddharth Mutha |
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Designation : |
Director |
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Address : |
1087, Kuldeep Sathe Colony, Shukrawar Peth, Pune – 411 002, |
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Date of Birth/Age : |
21.07.1983 |
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Date of Appointment : |
02.11.2009 |
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DIN No.: |
02466904 |
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Name : |
Mr. Sandeep Thomas Verghese |
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Designation : |
Director |
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Address : |
1087, Kuldeep Sathe Colony, Shukrawar Peth, Pune – 411 002, |
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Date of Birth/Age : |
17.02.1981 |
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Date of Appointment : |
25.06.2010 |
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DIN No.: |
03115108 |
KEY EXECUTIVES
|
Name : |
C.S. Kelkar and Associates |
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Designation : |
Company Secretaries |
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Address : |
102, Manikprabhu Apartments, 40/3, Bhonde Colony, Off. |
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Tel. and Fax No.: |
91-20-65249631/ 25454968/ 25420223 |
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E-Mail : |
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Website : |
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Name : |
Mr. Pravin |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajkumari Sunil Mutha |
|
12600 |
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Niyati Siddharth Mutha |
|
400 |
|
Siddharth Sunil Mutha |
|
12000 |
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Total |
|
25000 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily
engaged in the business of buying, selling, exporting, importing and trading
of all types of decorative
items, artifacts, presentation items, lamps, gift items and all incidental
items required for daily use. |
GENERAL INFORMATION
|
Customers : |
Hotels and Resorts v
v
The
Radisson, Pune v
Holiday
Inn , Pune v
Park
Hyatt, v
The
Ista, Pune v
Four
Points Sheraton, Pune v
Taj – v
Taj – v
Taj
Coral Reef v
Taj – Benaras,
v
ITC
Hotels, v
Oakwood
Premier, Pune v
Corinthian
Club, Pune v
Government Organizations v
Commandar
330 Infantry, Pune v
AMC
Officers Air Force, Pune v
v
11
Maratha Army Headquarters, Pune v
National
Chemical Laboratory, Pune v
Pune
Municipal Corporation, Pune v
Tata
Autocom System Private Limited, Pune v
Tata
Toya Radiator Private Limited, Hinjewadi, Pune v
Venkateshwara
Hatcheries, Pune v
Rohan
Builders and Developers, Pune v
Infosys,
Pune v Bank of |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
v Corporation
Bank, 986C, Near Mahalakshmi Mandir, Shukrawar Peth, Sarasbaug, Pune – 411
002, v Pune Peoples Cooperative Bank
Limited v ABN Amro Bank v Indian Bank v Bank of v Canara Bank |
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Facilities : |
Notes: LONG TERM
BORROWINGS
The Term Loan
from Corporation Bank (TLSOI/SOM)l) is
secured by way of hypothecation of Plant and Machinery and other assets of the company
carries interest @ 12% p.a. The term loans from corporation bank are also
secured by personal guarantee of chairman and directors. The loan is
repayable in 60 installments of Rs. The Term Loan
from Corporation Bank (TLSOl/100001) is secured by way of hypothecation of
Plant and Machinery and other
assets of the company carries interest @ 12% pa. The term loans from corporation bank are also secured by personal guarantee of chairman and
directors. The loan is repayable in 60 installments The term Loan
from Pune People's Co-operative Bank is secured by respective vehicle. SHORT
TERM BORROWINGS Cash Credit from
Corporation Bank is secured by hypothecation of Inventory cum Book
Debts/Current Assets of the company and additional charge on Plant and
Machinery and Flat situated at Vishal Condominim, CTS No.1025A, Sadashiv
Peth, Pune by the personal guarantee
of chairman and director of the company. The cash credit
is repayable on demand and it carries interest @ 11.50% payable on monthly basis. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Muttha and Lahoti Chartered Accountants |
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Address : |
A-14/15, 3rd Floor, Dr. Herekar Park, Off |
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Tel. No.: |
91-20-25663777/ 25663177 |
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Fax No.: |
91-20-25663777/ 25663177 |
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E-Mail: |
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Income-tax
PAN of auditor or auditor's firm : |
AAMFM5424A |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 millions |
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|
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|
Reconciliation of the shares outstanding at the beginning and at the end
of the reporting period
|
Equity Shares |
31.03.2012 |
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|
No. of Shares |
Amount (Rs. in
millions) |
|
|
At the beginning of the period |
25000 |
2.500 |
|
Issued during the period |
-- |
-- |
|
Bought Back, Redeemed during the period |
-- |
-- |
|
Outstanding at the end of the period |
25000 |
2.500 |
Terms/rights
attached to equity shares
The company has only one class of equity
shares having a par value of Re.100/-
per share. Each holder of equity shares is entitled to one vote per share.
Details of shareholders holding more than 5% shares in the company
|
Particulars |
31.03.2012 |
|
|
No. of Shares |
% holding the
class |
|
|
Equity shares of Rs.100/- each fully
paid |
|
|
|
Rajkumari Sunil Mutha |
12600 |
50.40 |
|
Sidaarrth Sunil Mutha |
6800 |
27.20 |
|
Sunil Sumatilal Mutha |
4998 |
19.99 |
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 |
2.500 |
2.500 |
2.500 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
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3] Reserves & Surplus |
13.235 |
10.649 |
9.701 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
15.735 |
13.149 |
12.201 |
|
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LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
23.129 |
22.944 |
14.885 |
|
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2] Unsecured Loans |
1.200 |
1.200 |
0.567 |
|
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TOTAL BORROWING |
24.329 |
24.144 |
15.452 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.058 |
0.000 |
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|
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|
|
|
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TOTAL |
40.064 |
37.351 |
27.653 |
|
|
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APPLICATION OF FUNDS |
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|
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FIXED ASSETS [Net Block] |
33.125 |
12.012 |
16.077 |
|
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Capital work-in-progress |
0.000 |
21.207 |
0.000 |
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|
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INVESTMENT |
0.000 |
0.020 |
0.020 |
|
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DEFERRED TAX ASSETS |
0.639 |
0.000 |
0.018 |
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
56.763
|
47.960 |
36.255 |
|
|
Sundry Debtors |
11.844
|
0.088 |
6.716 |
|
|
Cash & Bank Balances |
(0.391)
|
0.287 |
0.896 |
|
|
Other Current Assets |
1.466
|
0.000 |
5.105 |
|
|
Loans & Advances |
4.337
|
7.112 |
32.169 |
|
Total
Current Assets |
74.019
|
55.447 |
81.141 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
9.128
|
4.354 |
51.202 |
|
|
Other Current Liabilities |
56.354
|
42.015 |
12.356 |
|
|
Provisions |
2.237
|
4.966 |
6.045 |
|
Total
Current Liabilities |
67.719
|
51.335 |
69.603 |
|
|
Net Current Assets |
6.300
|
4.112 |
11.538 |
|
|
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|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
40.064 |
37.351 |
27.653 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
103.829 |
60.486 |
54.426 |
|
|
|
Other Income |
1.122 |
0.444 |
0.152 |
|
|
|
TOTAL |
104.951 |
60.930 |
54.578 |
|
|
|
|
|
|
|
|
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EXPENSES |
|
|
|
|
|
|
|
|
101.815 |
59.263 |
75.674 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
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TOTAL |
101.815 |
59.263 |
75.674 |
|
|
|
|
|
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|
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|
PROFIT BEFORE
TAX |
3.136 |
1.667 |
7.562 |
|
|
|
|
|
|
|
|
|
|
TAX |
0.550 |
0.719 |
2.716 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.586 |
0.948 |
4.846 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
103.44 |
37.92 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.46
|
1.56 |
8.88 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.02
|
2.76 |
13.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.93
|
2.47 |
7.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.13 |
0.62 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.55
|
1.84 |
1.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09
|
1.08 |
1.17 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
- Trade Payables
outstanding within normal cycle |
8.609 |
4.354 |
|
|
- Goods received
but not Invoiced |
0.519 |
0.000 |
|
|
Total |
9.128 |
4.354 |
51.202 |
|
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 |
Yes |
|
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 |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
Yes |
|
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Lata Vijay Chordia |
0.700 |
0.700 |
|
Vaishali Chordia |
0.500 |
0.500 |
|
Total |
1.200 |
1.200 |
Note: The loan
from Lata Vijay Chordia and Vaishali Chordia carries interest @ 18% p.a.
CORPORATE
INFORMATION
The is a private limited company domiciled in
India and was incorporated on 14th
September, 2001 under the provisions of the Companies Act, 1956. The
Company is primarily engaged in the business of buying, selling, exporting,
importing and trading of all types
of decorative items, artifacts, presentation items, lamps, gift items and all
incidental items required for daily use.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U51311PN2001PTC016441 |
|
Name of the
company |
TULIPS AMBIENCE PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
1025-A, E-Mail: tulips@tulipsindia.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10176133 |
|
Type of charge |
Immovable property Any interest in immovable property Book Debts Movable Property (not being pledge) |
|
Particular of
charge holder |
Corporation
Bank, 986C, Near Mahalakshmi Mandir, Shukrawar Peth, Sarasbaug, Pune – 411
002, E-Mail: cb1021@corpbank.co.in |
|
Nature of description
of the instrument creating or modifying the charge |
1. Credit
Sanction Intimation. 2. Letter of
Continuity. 3. Second
Supplemental Common Deed of Hypothecation of Movable/Assets/Book Debts. |
|
Date of
instrument Creating the charge |
12.09.2012 |
|
Amount secured by
the charge |
Rs.65.947
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Cash Credit facility
- 12.85% p.a., Term Loan I and II review - 13.25% p.a., Term Loan III Fresh
Sanction - 13.45% p.a. Import/Inland LC (sub limit for B.G. 1.500 millions)
and forward Sale Contract - 21% p.a. Terms of
Repayment: Cash credit -
Repayable on demand subject to Annual renewal. Term Loan I - 24
months EMI of Rs.0.106 million remaining installments from September 12 Term Loan II - 34
months EMI of Rs.0.100 million remaining installments from September 12 Term Loan III
Fresh - not exceed 84 months including moratorium period of 6 months, then 78
EMI of Rs.0.618 million Import /Inland LC
(sub limit of Rs.1.500 millions BG) - LC Inland not exceeding 90 days. LC
Import not >180 days and BG -One year. Margin: Cash credit
facility - Stocks 25%, Book Debts - 40% Term Loan I and
II - as per original sanction letter Term Loan III -
25% purchase on Pune property and 25.18% Import/Inland -
cash margin 25% Extent and
Operation of the charge: First charge on all
the assets kept as a security. |
|
Short particulars
of the property charged |
All the present
and future stocks of the good, imported , indigenous raw material, clothes
and curtain, work in progress, finished goods of curtain, all types of
packing material, all kind of machineries and accessories all the present
as well as future book debts, outstanding monies, receivables, claims, bills,
contracts, engagements, securities, investments, rights and assets. All the present
furniture and fixtures, purchased out of the existing term loan as well as
future furniture and fixtures to be purchased out of the proposed term loan
for setting up companies new business All the piece and
parcel of the property bearing apt. no. 301 adm about 200 sq mtr i.e. 240 sq mtr
built up area i.e. 2583 sq ft or thereabout and having proportionate 7%
common area continues and facilities
described in the declaration of Vishal condominium. |
|
Particulars of
the present modification |
Total enhancement
in loan amount from Rs.27.042 millions to Rs.65.947 million, detailed as
follows, Cash Credit
Facility - enhancement of facility from Rs.17.000 millions to Rs.27.500
millions. Term loan I
Review - loan amount modified from Rs.4.142 millions to Rs.2.217 millions. Term loan II
review - Loan amount modified from Rs.4.400 millions to Rs.2.823 millions. Fresh Term Loan
sanctioned Rs.30.400 millions. Import/Inland LC
(with sub limit of BG - Rs.1.500 millions) - facility limit enhanced from
Rs.1.500 millions to Rs.3.000 millions. |
FIXED ASSETS:
v Office Equipments
v Plant and Machinery
v Computer
v Vehicles
v Furniture
v Office Premises
v Intangible Assets
v Capital WIP
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.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
44 |
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.