|
Report Date : |
07.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE WEBSTORE LIMITED |
|
|
|
|
Formerly Known
As : |
RELIANCE WEBSTORE PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
H Block, 1st Floor, Dhirubhai Ambani Knowledge
City, Opposite Koparkhairane, Railway Station, Thane Belapur Road, Navi
Mumbai - 400710, Maharashtra |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
04.08.2000 |
|
|
|
|
Com. Reg. No.: |
11-128101 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2000PLC128101 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMR01042G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR6947H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
The Company has identified six reportable segments viz. Recharge Vouchers and Accessories , Handsets and Traded Goods, Broadband Connectivity( BBC) Common Cost Sharing, Billing Income and Marketing and Promotional Activities (Others). |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a part of Reliance Group. It is an established company having satisfactory track record. Profitability of the company appears to be low. External borrowing of
the company appears to be huge. However, sales and profit of the company has increased in 2012-13. Trade relations reported to be fair. Business is active. Payment terms
are reported to be slow but correct. In view of strong holding company can be considered normal for
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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue before
the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c
(Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been
launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-30386286)
LOCATIONS
|
Registered Office : |
H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Opposite Koparkhairane, Railway Station, Thane Belapur Road, Navi Mumbai - 400710, Maharashtra, India |
|
Tel. No.: |
91-22-30386286 |
|
Fax No.: |
91-22-30376622 |
|
E-Mail : |
DIRECTORS
As on 25.09.2012
|
Name : |
Mr. Hiteshbhai Lalitbhai Marthak |
|
Designation : |
Director |
|
Address : |
E-301, Lily, Jalvayu Vihar, Phase-1, Near Shilp Chowk, Navi Mumbai -
410210, Maharashtra, India |
|
Date of Birth/Age : |
25.10.1975 |
|
Qualification : |
Bcom., ACS |
|
Date of Appointment : |
25.309.2012 |
|
DIN No.: |
01039229 |
|
|
|
|
Name : |
Mr. Gaurang Chhotalal Shah |
|
Designation : |
Additional director |
|
Address : |
Flat No 204, A Wing, 2nd Floor, Raj Vaibhav – 1 Mahavir Nagar, Kandivali (West), Mumbai – 400067, Maharashtra, India |
|
Date of Birth/Age : |
13.12.1961 |
|
Date of Appointment : |
23.10.2013 |
|
DIN No.: |
00004408 |
|
|
|
|
Name : |
Mr. Anil Kalya |
|
Designation : |
Director |
|
Address : |
C-104, Seawoods Garden, Sector-17, Plot No.4 & 6, Palm Beach Road, Sanpada, Navi Mumbai – 400705, Maharashtra, India |
|
Date of Birth/Age : |
18.03.1974 |
|
Qualification : |
Bcom,ACA,ACS |
|
Date of Appointment : |
30.09.2013 |
|
DIN No. : |
06460981 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2012
|
Names of Shareholders |
No. of Shares |
|
Reliance
Communications Limited, India |
49994 |
|
Prakash
Shenoyjointly with Reliance Communications Limited, India |
1 |
|
Anil Shah
jointly with Reliance Communications Limited, India |
1 |
|
Gaurang Shahi jointly
with Reliance Communications Limited, India |
1 |
|
Hitesh Marthak
jointly with Reliance Communications Limited, India |
1 |
|
Hasit Shukla
jointly with Reliance Communications Limited, India |
1 |
|
Hitesh Chawda
jointly with Reliance Communications Limited, India |
1 |
|
TOTAL
|
50000 |
As on 25.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company has identified six reportable segments viz. Recharge Vouchers and Accessories , Handsets and Traded Goods, Broadband Connectivity( BBC) Common Cost Sharing, Billing Income and Marketing and Promotional Activities (Others). |
||||
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Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountant |
|
Address : |
714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai - 400021, |
|
PAN No.: |
AAAFC0662N |
|
|
|
|
Holding company : |
Reliance Communications Limited, India CIN No.: L45309MH2004PLC147531 |
|
|
|
|
Other (Partnership
Firm) : |
Tip Top Typography |
|
|
|
|
Fellow Subsidiary
company : |
· Reliance Communications Infrastructure Limited CIN No.: U64203MH1997PLC166329 Reliance Infratel Limited CIN No.: U72900MH2001PLC131598 Reliance Infocomm Infrastructure Private Limited CIN No.: U45300MH1993PTC173775 Reliance IDC Limited (formerly known as Reliance
Communications Investment and Leasing Limited) CIN No.: U72900MH2001PLC131600 Reliance Telecom Limited CIN No.: U32100MH1994PLC162841 Reliance BPO Private Limited CIN No.: U72200MH2000PTC124290 Reliance Big TV Limited CIN No.: U45203MH2005PLC153294 Reliance Tech Services Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
34.300 |
24.900 |
24.400 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
34.800 |
25.400 |
24.900 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
404.300 |
873.900 |
3320.486 |
|
(b) Trade payables |
9705.200 |
2918.200 |
243.547 |
|
(c) Other current
liabilities |
1785.500 |
1188.500 |
1388.227 |
|
(d) Short-term provisions |
2.500 |
0.000 |
11.513 |
|
Total Current Liabilities (4) |
11897.500 |
4980.600 |
4963.773 |
|
|
|
|
|
|
TOTAL |
11932.300 |
5006.000 |
4988.673 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1012.600 |
1199.900 |
1427.698 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
268.000 |
285.200 |
269.926 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
49.800 |
51.800 |
51.911 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
208.700 |
125.500 |
105.482 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1539.100 |
1662.400 |
1855.017 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
865.500 |
946.000 |
507.896 |
|
(c) Trade receivables |
3643.200 |
1650.800 |
1828.229 |
|
(d) Cash and cash
equivalents |
29.400 |
32.900 |
18.677 |
|
(e) Short-term loans and
advances |
5602.300 |
472.500 |
523.502 |
|
(f) Other current assets |
252.800 |
241.400 |
255.352 |
|
Total Current Assets |
10393.200 |
3343.600 |
3133.656 |
|
|
|
|
|
|
TOTAL |
11932.300 |
5006.000 |
4988.673 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9734.800 |
2783.400 |
4689.196 |
|
|
|
Other Income |
16.800 |
8.000 |
14.230 |
|
|
|
TOTAL (A) |
9751.600 |
2791.400 |
4703.426 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
3557.600 |
1121.500 |
2736.597 |
|
|
|
Employee benefit expense |
169.100 |
14.100 |
145.090 |
|
|
|
Other expenses |
5747.600 |
1387.200 |
1426.630 |
|
|
|
TOTAL (B) |
9474.300 |
2522.800 |
4308.317 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
277.300 |
268.600 |
395.109 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
78.100 |
40.200 |
52.771 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
199.200 |
228.400 |
342.338 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
187.300 |
227.800 |
340.347 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
11.900 |
0.600 |
1.991 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.500 |
0.100 |
(14.198) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
9.400 |
0.500 |
16.189 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
24.900 |
24.400 |
8.211 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
34.300 |
24.900 |
24.400 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores and Spares |
2080.100 |
0.000 |
NA |
|
|
TOTAL IMPORTS |
2080.100 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
188.59 |
9.44 |
323.78 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.10
|
0.02 |
0.34 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.12
|
0.02 |
0.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.10
|
0.01 |
0.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.02 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
11.62
|
34.41 |
133.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.87
|
0.67 |
0.63 |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
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 DEBTS : NOT AVAILABLE
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loan from Holding company |
295.300 |
873.900 |
|
Buyer's Credit |
109.000 |
0.000 |
|
Total |
404.300 |
873.900 |
|
Note: Foreign Currency Loans from Banks (Buyer's Credit) |
||
OPERATIONS
The Company owns world class nationwide chain of retail stores comprising of more than 1,000 Reliance World and Reliance Mobile stores known as Reliance World and Reliance Mobile stores for GSM, CDMA and 3G voice and data products and services. They also offer a wide array of handsets and data devices and are a one stop shop for all customer sales and service needs. The retail network provides new postpaid and prepaid activations, prepaid recharges, postpaid bill payments, handles customers queries and requests. The Company has nearly 100 video conferencing rooms across India with Reliance World stores, they are one of the world’s largest network of video conferencing enabled telecom retail chain.
The Company has entered into various contracts in the areas of retail business, while benefits from such contracts will accrue in the future years; the Board of Directors shall periodically review their progress.
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
i) Estimated amount of contracts remaining to be executed on capital accounts and not provided for |
4.500 |
0.200 |
|
ii) Disputed Liabilities in Appeal |
|
|
|
Entry Tax |
1.100 |
0.900 |
|
Sales Tax & Value Added Tax |
25.300 |
31.300 |
|
Service Tax |
5.200 |
0.000 |
The Company has deposited Rs. 0.200 Million (Previous Year Rs. 0.200 Million) under protest with the Sales Tax Authority and Rs. 0.200 Million (Previous Year Rs. 0.200 Million) with Entry Tax Authority against the demands so raised.
iii) Corporate Gurantee given by Reliance Communications Limited, Holding Company on behalf of the Company is Rs. 2905.600 Millions (Previous Year NIL)
FIXED ASSETS
· Leasehold Improvement
Plant
and Machinery
Furniture
and Fixtures
Vehicles
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.61.92 |
|
|
1 |
Rs.99.60 |
|
Euro |
1 |
Rs.83.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
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.