MIRA INFORM REPORT
|
Report Date : |
01.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
FEDBANK FINANCIAL SERVICES LIMITED |
|
|
|
|
Registered
Office : |
Federal Towers, Alwaye, Ernakulam – 683101, Kerala |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.04.1995 |
|
|
|
|
Com. Reg. No.: |
09-008910 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1900.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65910KL1995PLC008910 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in a Providing Gold Loan. |
|
|
|
|
No. of Employees
: |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7400000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject operates as a subsidiary of Federal Bank Limited. It provides financial products and services. It is well established and
reputed company having a fine track record. Company gets good support from
its holding company. But during 2012 there appears some accumulated loss.
However, creditworthiness of the company is good. Fundamentals are strong.
Trade relations are reported to be fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered for good business dealing 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 |
CRISIL |
|
Rating |
A1+ (Short Term Debt) |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
December 11, 2012 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Amol Deshpande |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-42930799 |
|
Date : |
28.06.2013 |
LOCATIONS
|
Registered Office : |
Federal Towers, Alwaye, Ernakulam – 683101, Kerala, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
C-6, Laxmi Tower, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-42930799 |
|
|
|
|
Branch : |
The subject has 163 gold loan branches Located at:
|
DIRECTORS
As on: 01.08.2012
|
Name : |
Mr. Suresh Muthukrishna Kumar |
|
Designation : |
Director |
|
Address : |
H. H. SH. Hamadan Bin Rashid Villa, 352/26B, Jumeirah Area, N R Arenco
Villas, Villa-05(76), Dubai, UAE |
|
Date of Birth/Age : |
08.07.1950 |
|
Date of Appointment : |
24.08.2007 |
|
DIN No.: |
00494479 |
|
|
|
|
Name : |
Mr. Mohammad Yousuf Khan |
|
Designation : |
Director |
|
Address : |
S-378, Panchsheel Park, New Delhi – 110017, India |
|
Date of Birth/Age : |
24.06.1944 |
|
Date of Appointment : |
13.09.2010 |
|
DIN No.: |
00570339 |
|
|
|
|
Name : |
Mr. Shyam Srinivasan |
|
Designation : |
Director |
|
Address : |
101, Nagarjuna Apartments, 36 Ram N St. T Nagar, Chennai – 600017,
Tamilnadu, India |
|
Date of Birth/Age : |
02.02.1962 |
|
Date of Appointment : |
03.08.2011 |
|
DIN No.: |
02274773 |
|
|
|
|
Name : |
Mr. Sudhir Joshi |
|
Designation : |
Director |
|
|
|
|
Name : |
Prof. Abraham Koshy |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Amol Deshpande |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Mr. Dilip Kr Radheshyam Maloo |
|
Designation : |
Secretary |
|
Address : |
C-106, Gayatri Shivam Co-operative Housing Society Limited, 90 Feet Road,
Near Sai Hospital, Thakur Complex, Kandivali (East), Mumbai - 400101, Maharashtra, India |
|
Date of Birth/Age : |
04.07.1980 |
|
Date of Appointment : |
13.05.2010 |
|
PAN No.: |
AKHPM9725B |
|
|
|
|
Name : |
Mr. Pradosh Kumar Radhamohan Mohapatra |
|
Designation : |
Manager |
|
Address : |
41, Aishwarya Towers, CST Road, Kalina, Santacruz (East), Mumbai –
400098, Maharashtra, India |
|
Date of Birth/Age : |
05.05.1955 |
|
Experience : |
01.10.2011 |
|
PAN No.: |
AENPM6545B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 01.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
The Federal Bank Limited, India |
|
499595 |
|
The Federal Bank Limited, India |
|
189500000 |
|
Ganapathy Kumar Girish Jointly with The Federal Bank Limited, India |
|
1 |
|
Joha C P Jointly with The Federal Bank Limited, India |
|
100 |
|
Pullattel Chacko Cyriac |
|
100 |
|
K Varghese George Jointly with The Federal Bank Limited, India |
|
1 |
|
Jagadeesan S T Jointly with The Federal Bank Limited, India |
|
1 |
|
Jimmy K P Jointly with The Federal Bank Limited, India |
|
1 |
|
Srinivasan Tirunelvelu Shyam Jointly with The Federal Bank Limited,
India |
|
200 |
|
Varghese I K Jointly with The Federal Bank Limited, India |
|
1 |
|
|
|
|
|
Total |
|
190000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 01.08.2012
|
Category |
|
Percentage |
|
|
|
|
|
Nationalised or other banks |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in a Providing Gold Loan. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
800 (Approximately) |
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Bankers : |
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|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
Note: The above
facilities are secured by way of hypothecation on Gold Loan Receivables. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Varma and Varma Chartered Accountants |
|
Address : |
Sriniketan, Nettipadam Road, P B No.2350, Kochi – 682016, Kerala,
India |
|
PAN No.: |
AABFV9555E |
|
|
|
|
Holding Company : |
The Federal Bank Limited CIN No.:
L65191KL1931PLC000368 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
190000000 |
Equity Shares |
Rs.10/- each |
Rs.1900.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
190000000 |
Equity Shares |
Rs.10/- each |
Rs.1900.000
Millions |
|
|
|
|
|
All the above shares are held by the Holding
Company. The Federal Bank Limited and its nominees.
1. Reconciliation of the number of shares issued, subscribed and paid up
at the beginning and the end of the year.
|
Particular |
31.03.2012 |
|
No of Shares Outstanding at the beginning of
the year |
35000000 |
|
Add Additional Shares issued during the year |
155000000 |
|
Less Shares Forfeited/Bought Back during the
year |
-- |
|
No of Shares Outstanding at the end of the
year |
190000000 |
2. Number of shares held by each shareholder holding more than 5% shares
in the company
|
Particular |
31.03.2012 |
|
Equity Shares held by the Holding Company |
|
|
- Federal Bank Limited |
190000000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1900.000 |
350.000 |
|
(b) Reserves & Surplus |
|
(35.653) |
38.094 |
|
(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) |
|
1864.347 |
388.094 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
1.217 |
1.598 |
|
Total Non-current
Liabilities (3) |
|
1.217 |
1.598 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1596.039 |
0.000 |
|
(b) Trade payables |
|
29.216 |
21.751 |
|
(c) Other current liabilities |
|
53.413 |
49.771 |
|
(d) Short-term provisions |
|
26.678 |
0.672 |
|
Total Current
Liabilities (4) |
|
1705.346 |
72.194 |
|
|
|
|
|
|
TOTAL |
|
3570.910 |
461.886 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
106.900 |
30.356 |
|
(ii) Intangible Assets |
|
2.051 |
0.668 |
|
(iii) Capital work-in-progress |
|
24.508 |
9.149 |
|
(iv) Intangible assets under development |
|
12.510 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.853 |
|
(d) Long-term Loan and Advances |
|
47.720 |
32.212 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
193.689 |
73.238 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
10.909 |
26.054 |
|
(d) Cash and cash equivalents |
|
82.130 |
275.895 |
|
(e) Short-term loans and advances |
|
3276.409 |
70.438 |
|
(f) Other current assets |
|
7.773 |
16.261 |
|
Total Current
Assets |
|
3377.221 |
388.648 |
|
|
|
|
|
|
TOTAL |
|
3570.910 |
461.886 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
100.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
24.210 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
124.210 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
124.210 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
5.979 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.425 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
24.829 |
|
|
Cash & Bank Balances |
|
|
85.146 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
25.284 |
|
Total
Current Assets |
|
|
135.259 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
12.154 |
|
|
Other Current Liabilities |
|
|
4.624 |
|
|
Provisions |
|
|
0.675 |
|
Total
Current Liabilities |
|
|
17.453 |
|
|
Net Current Assets |
|
|
117.806 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
124.210 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
375.799 |
145.556 |
123.428 |
|
|
|
Other Income |
1.091 |
9.600 |
6.369 |
|
|
|
TOTAL (A) |
376.890 |
155.156 |
129.797 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee Benefit Expenses |
155.957 |
52.726 |
38.744 |
|
|
|
Other Expenses |
168.700 |
79.334 |
57.422 |
|
|
|
TOTAL (B) |
324.657 |
132.060 |
96.166 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
52.233 |
25.096 |
33.631 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
104.336 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(52.103) |
25.096 |
33.631 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
20.790 |
2.277 |
2.114 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(72.893) |
22.819 |
31.517 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.853 |
8.936 |
7.230 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(73.746) |
13.883 |
24.287 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
28.211 |
17.105 |
(7.182) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
2.777 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
28.211 |
17.105 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(1.12) |
0.85 |
2.43 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(19.57) |
8.95 |
18.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(19.40) |
15.68 |
25.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.06) |
5.05 |
22.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.04) |
0.06 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.86 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.98 |
5.38 |
7.75 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
|
|
|
|
Trade Payables |
29.216
|
21.751 |
12.154 |
|
|
|
|
|
|
Total |
29.216
|
21.751 |
12.154 |
|
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) |
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 |
Yes |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U65910KL1995PLC008910 |
|
Name of the
company |
FEDBANK FINANCIAL
SERVICES LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
Federal Towers, Alwaye, Ernakulam – 683101, Kerala, India E-mail: dilip.maloo@fedfina.com
|
|
This form is for |
Creation of charge
|
|
Type of charge |
Book debts |
|
Particular of
charge holder |
IDBI Bank Limited, 224 A Mittal Court , A Wing, Nariman Point, Mumbai - 400021, Maharashtra, India E-mail: vijaya.sekhar@idbi.co.in |
|
Nature of
instrument creating charge |
Deed of
Hypothecation dated March 29, 2012 creating First Pari passu charge on
standard assets portfolio of receivables with assets cover of 1.25 times |
|
Date of
instrument Creating the charge |
29.03.2012 |
|
Amount secured by
the charge |
Rs.500.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest At the rate of
BBR plus 125 bps fully floating payable on first day of each month falling
after the date of first disbursement of the financial assistance. Terms of
Repayment On demand Margin 25%, as per the
sanction letter as may be modified from time to time. Extent and
Operation of the charge The charge would be
First Pari passu charge on standard assets portfolio of receivables of the
company both present and future with an asset coverage of 1.25 times to
secure the due repayment of working capital facilities of Rs.500.000 Millions
together with interest and other costs. Others Other terms and
condition as per Deed of Hypothecation dated March 29, 2012 executed in favor
of IDBI Bank Limited and sanction letter dated February 3, 2012 |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Company's Current
Assets in the form of receivables, book-debts, bills whether documentary or
clean, outstanding monies receivables, both present and future. |
FIXED ASSETS:
Intangible 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.59.70 |
|
|
1 |
Rs.91.14 |
|
Euro |
1 |
Rs.77.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.