|
Report Date : |
24.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE MONEY PRECIOUS METALS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
RELIANCE CAPITAL RESEARCH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7th Floor, B Wing, Trade World, Kamala Mills Compound, S B
Marg, Lower Parel, Mumbai-400013, Maharashtra |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
05.10.2006 |
|
|
|
|
Com. Reg. No.: |
11-165070 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U7499MH2006PTC165070 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in business of distribution of financial products
and gold accumulation plan |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 68 |
|
|
|
|
Status : |
Yet to Commence Business Activities |
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|
|
|
Payment Behaviour : |
Unknown |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of “Reliance Capital Limited”. Even though the company was incorporated as on October 5, 2006, it has
not yet commenced with its business activity. There appear huge accumulated losses incurred due to pre-operative
expenses during 2012. There is no external borrowing recorded by the company. The rating also take into considered the strong and reputed promoters
and financial and operational support from its group. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 : |
Ms. Hetal D Shah |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-22-33201212 |
|
Date : |
22.07.2013 |
LOCATIONS
|
Registered Office : |
7th Floor, B Wing, Trade World, Kamala Mills Compound, S B
Marg, Lower Parel, Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-33201212 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 14.05.2012
|
Name : |
Mr. Vikrant Kishore Gugnani |
|
Designation : |
Director |
|
Address : |
Flat No.1601-1602, 16th Floor, Raheja Empress, Plot No.392,
V S Marg, Prabhadevi, Mumbai-400025, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1970 |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
01814337 |
|
|
|
|
Name : |
Mr. Sanjay Tulsio Wadhwa |
|
Designation : |
Director |
|
Address : |
H-802, 8th Floor, Royal Fern Great Eastern Garden, LBS
Marg, Kanjur Marg, Mumbai-400078, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1973 |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
03329219 |
|
|
|
|
Name : |
Mr. Amit Bapna |
|
Designation : |
Director |
|
Address : |
503, Purna Apartments, Sir Pochkhanwala Road, Worli, Mumbai-400030,
Maharashtra, India |
|
Date of Birth/Age : |
20.01.1975 |
|
Date of Appointment : |
10.04.2012 |
|
DIN No.: |
00008443 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 14.05.2012
|
Names of Shareholders |
No. of Shares |
|
Reliance Capital Limited, India |
7999998 |
|
V R Mohan JT with Reliance Capital Limited, India |
1 |
|
Yogesh Deshpande JT with Reliance Capital Limited, India |
1 |
|
TOTAL
|
8000000 |
AS ON 14.05.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of distribution of financial products
and gold accumulation plan |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17 R
Kamani Marg, Ballard Estate, Mumbai-400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountant |
|
Address : |
714-715,Tulsiani Chambers, 212, Nariman Point, Mumbai-400021,
Maharashtra, India |
|
PAN No.: |
AAAFC0662N |
|
|
|
|
Holding Company : |
·
Reliance Capital Limited |
|
|
|
|
Ultimate Holding Company : |
·
Reliance Innoventures Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
Rs.10/- each |
Rs. 0.300
Million |
|
|
|
|
|
AS ON 14.05.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000
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 |
|
0.300 |
0.300 |
|
(b) Reserves & Surplus |
|
(0.283) |
(0.267) |
|
(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) |
|
0.017 |
0.033 |
|
|
|
|
|
|
(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 |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
0.000 |
0.000 |
|
(c) Other current
liabilities |
|
0.013 |
0.013 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities (4) |
|
0.013 |
0.013 |
|
|
|
|
|
|
TOTAL |
|
0.030 |
0.046 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.000 |
0.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
|
0.030 |
0.046 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
0.030 |
0.046 |
|
|
|
|
|
|
TOTAL |
|
0.030 |
0.046 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.150 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.251) |
|
|
NETWORTH |
|
|
(0.001) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
(0.001) |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.012 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.012 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.013 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.013 |
|
|
Net Current Assets |
|
|
(0.001) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
(0.001) |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(0.016) |
(0.016) |
(0.212) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(0.016) |
(0.016) |
(0.212) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(0.267) |
(0.251) |
(0.039) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(0.283) |
(0.267) |
(0.251) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.53) |
(1.59) |
(21.19) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(53.33)
|
(34.78) |
(1766.67) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.94)
|
(0.48) |
(212.00) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.00
|
0.00 |
0.92 |
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
No |
|
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 |
No |
|
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 |
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 |
NA |
NA |
NA |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
NOTE
Registered office has been shifted from 5th Floor, Express Building,
14 E Road, Churchgate, Mumbai-400020, Maharashtra, India to the present address
w.e.f. 01.05.2013.
BACKGROUND
Reliance Money
Precious Metals Private Limited (Formerly Reliance Capital Research Private
Limited) (the Company) was incorporated on October 5, 2006 with the Registrar
of Companies (Roc), Maharashtra, Mumbai. The Company main object is
distribution of financial products and gold accumulation plan.
OPERATIONS
(a)
MAIN OBJECTS
CLAUSE
During the year, with
a view to focusing on a new business, the Main Objects Clause of the Memorandum
of Association was altered by substituting a new main object in lieu of the
existing object, pursuant to approval by the Members of the Company by way of a
special resolution.
The certificate of registration of special resolution confirming the
alteration has been received from the Registrar of Companies, Maharashtra,
Mumbai.
(b)
NAME OF COMPANY
With a view to
reflect the new business activity and the change in the Main Objects Clause of
the Memorandum of Association, the name of the Company has been changed from
Reliance Capital Research Private Limited to Reliance Money Precious Metals
Private Limited, pursuant to the approval by the Members of the Company.
The fresh certificate
of incorporation consequent upon the change of name has been received from the
Registrar of Companies, Maharashtra, Mumbai.
(c)
REGISTERED OFFICE
The situation of
the Registered Office was changed from Reliance Centre, 19 Walchand Hirachand
Marg, Ballard Estate, Mumbai 400 001 to 5th floor, Express Building, 14 E Road,
Churchgate, Mumbai ? 400 020 with effect from April 10, 2012 for better
administrative convenience
FORM 8
|
Corporate
identity number of the company |
U74999MH2006PTC165070 |
|
Name of the
company |
Reliance Money
Precious Metals Private Limited |
|
Address of the
registered office or of the principal place of business in |
7th Floor, B Wing, Trade World, Kamala Mills Compound, S B Marg, Lower Parel, Mumbai-400013, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Floating
charge |
|
Particular of
charge holder |
IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17 R Kamani Marg, Ballard Estate, Mumbai-400001, Maharashtra, India |
|
Nature of
instrument creating charge |
Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
11.06.2012 |
|
Amount secured by
the charge |
Rs. 600.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Nil Terms of repayment Nil Margin Nil Extent and operation of the charge First and exclusive
floating charge on the monies lying in the individual RMPM - RMGP collection
accounts from time to time, monies lying in the RMPM - RMGP Central
Collection Account from time to time , monies lying in the RMPM-RMGP purchase
account; gold stored with the Safe Keeper and gold deposited with the Safe
Keeper from time to time. |
WEBSITE DETAILS
NEWS
RELIANCE MONEY TO TAP UNORGANISED GOLD MARKET
Wednesday, Nov 28, 2012, 20:47 IST | Agency: IANS
Reliance Money Precious Metals Private Limited
(RMPM) and the World Gold Council on Wednesday announced they would tie up with
10,000 jewellers in the region.
Looking to tap the Rs. 140000.000 Millions worth
unorganised gold market in Haryana and Chandigarh, Reliance Money Precious
Metals Private Limited (RMPM), a Reliance Capital company, and the World Gold
Council on Wednesday announced they would tie up with 10,000 jewellers in the
region.
Announcing their gold accumulation plan here,
Reliance Money officials said that over 100,000 customers will be enrolled
within one year.
The 'Reliance My Gold Plan' was launched by Rishit
Sanghvi, business head-gold, Reliance Money, and Amresh Acharya,
director-investment, World Gold Council.
They said the plan offers customers the opportunity
to start accumulating gold using a daily average pricing methodology. A minimum
subscription of Rs. 1,000 per month translates into accumulation of gold for as
low as Rs. 50 per day.
"The World Gold Council has successfully
launched gold accumulation products in China and Japan. The plan makes gold
accumulation transparent and straightforward, allowing customers to convert
accumulated gold grams into coins or jewellery at multiple outlets across
India. Reliance Money's distribution network and extensive experience in
handling gold products in India makes them the ideal partner for us,"
Acharya told newspersons here.
"Reliance My Gold Plan aims to change the way
consumers accumulate gold. North India accounted for nearly 15 per cent of
total gold consumed in India last year. Most of this gold was sold through the
unorganised sector," Sanghvi said.
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. 59.68 |
|
|
1 |
Rs. 91.66 |
|
Euro |
1 |
Rs. 78.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
31 |
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.