|
Report Date : |
11.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
GREENLIGHT PLANET INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Mathuradas Mills Compound, N M Joshi Marg, Lower Parel (West),
Mumbai – 400013, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.12.2008 |
|
|
|
|
Com. Reg. No.: |
11-189127 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74990MH2008PTC189127 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of solar power lamps. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Greenlight
Planet Inc, United States”. It is an
established company having moderate track. The company possesses a moderate financial profile marked by a weak networth base as well as unfavorable gap between trade
receivables and payables, supported by zero gearing and sufficient cash
balance during FY 14. Management has witnesses a better growth in its sales volume whereas,
has reported consecutive losses from its operations for past few years. The ratings also take into consideration, the vigorus
innovative and promotional efforts forced in from the part of management
along with an instinct to provide the product of affordable prices available
through almost all the delivery channels which will definitely help the
product flourish in the markets and depicits
sustainable outlook. Trade relations seem to be fair. Business is active. Payment terms are
reported as slow. In view of gradually establishing the brand “SUNKING” as a global
brand and continuous support from its parentage, the company can be
considered for business dealing with caution. |
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
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the
political and economic development in the dragon economy and has figured out
something that is quite worrying. He is of the view that the Chinese economy
could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed
that asset classes like real estate and equities were the biggest beneficiaries
of the liberalization policies. A firm called Ciane
Analytics studied returns from assets including equities, gold, fixed deposits,
G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17
crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON – COOPERATIVE (91-22-49111555)
LOCATIONS
|
Registered Office : |
Mathuradas Mills Compound, N M Joshi Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-49111555 |
|
Fax No.: |
91-22-49111599 |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Mayank Sekhsaria |
|
Designation : |
Director |
|
Address : |
Sekhsaria House, 28 Babulnath Road, Mumbai – 400007, Maharashtra, India |
|
Date of Appointment : |
24.12.2008 |
|
DIN No.: |
02413288 |
|
|
|
|
Name : |
Mr. Anish Thakkar |
|
Designation : |
Director |
|
Address : |
24.03.1985 |
|
Date of Birth/Age : |
Greenlight Planet, 903 Tulsiani Chambers, 212 Backbay Reclamation Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Date of Appointment : |
20.07.2009 |
|
DIN No.: |
02563544 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Greenlight Planet INC, United States of America |
|
999999 |
|
Mayank Sekhsaria |
|
1 |
|
Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial
institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of solar power lamps. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Walkaer Chandiok and
company Chartered Accountants |
|
Address : |
16th Floor, Tower II, Indiabulls Finance
Centre, S B Marg, Elphinstone
West, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66262600 |
|
Fax No.: |
91-22-66262601 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFN4298E |
|
|
|
|
Holding Company : |
Greenlight Planet Inc |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
(57.788) |
(17.105) |
(8.668) |
|
(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) |
(47.788) |
(7.105) |
1.332 |
|
|
|
|
|
|
(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 |
0.930 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.930 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
4.152 |
0.000 |
|
(b) Trade payables |
184.744 |
22.659 |
10.832 |
|
(c) Other current liabilities |
21.849 |
1.184 |
1.281 |
|
(d) Short-term provisions |
5.548 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
212.141 |
27.995 |
12.113 |
|
|
|
|
|
|
TOTAL |
165.283 |
20.890 |
13.445 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
4.163 |
2.408 |
0.156 |
|
(ii) Intangible Assets |
0.468 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.030 |
0.030 |
4.458 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.160 |
1.160 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.053 |
0.092 |
|
Total
Non-Current Assets |
5.821 |
3.651 |
4.706 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
27.149 |
0.000 |
0.000 |
|
(b) Inventories |
107.128 |
7.301 |
2.544 |
|
(c) Trade receivables |
1.296 |
1.492 |
0.878 |
|
(d) Cash and cash equivalents |
22.070 |
7.443 |
4.692 |
|
(e) Short-term loans and
advances |
1.356 |
0.691 |
0.625 |
|
(f) Other current assets |
0.463 |
0.312 |
0.000 |
|
Total
Current Assets |
159.462 |
17.239 |
8.739 |
|
|
|
|
|
|
TOTAL |
165.283 |
20.890 |
13.445 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
255.864 |
83.255 |
29.328 |
|
|
Other Income |
0.861 |
0.362 |
0.595 |
|
|
TOTAL
(A) |
256.725 |
83.617 |
29.923 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
260.719 |
59.107 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(99.827) |
(4.755) |
33.467 |
|
|
Employees benefits expense |
62.818 |
13.971 |
|
|
|
Other expenses |
72.024 |
23.236 |
|
|
|
Prior period items |
0.411 |
0.057 |
|
|
|
TOTAL
(B) |
296.145 |
91.616 |
33.467 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
(39.420) |
(7.999) |
(3.544) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.318 |
0.257 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(39.738) |
(8.256) |
(3.544) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
0.946 |
0.180 |
0.021 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(40.684) |
(8.436) |
(3.565) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(40.684) |
(8.436) |
(3.565) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
(5.104) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
NA |
NA |
(8.669) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Purchase of traded goods |
255.160 |
55.372 |
NA |
|
|
TOTAL
IMPORTS |
255.160 |
55.372 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(40.68) |
(8.43) |
(4.17) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(15.85) |
(10.09) |
(11.91) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(15.90) |
(10.13) |
(12.16) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(24.62) |
(40.44) |
(39.67) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.85 |
1.19 |
(2.68) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
(0.58) |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.75 |
0.62 |
0.72 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
(8.668) |
(17.105) |
(57.788) |
|
Net
worth |
1.332 |
(7.105) |
(47.788) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
4.152 |
0.000 |
|
Total
borrowings |
0.000 |
4.152 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
-0.584 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
29.328 |
83.255 |
255.864 |
|
|
|
183.875 |
207.326 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
29.328 |
83.255 |
255.864 |
|
Profit |
(3.565) |
(8.436) |
(40.684) |
|
|
(12.16%) |
(10.13%) |
(15.90%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
FINANCIAL RESULTS
The company incurred a net loss of Rs. 40.684 Millions after taxes and the same is carried forward to the balance sheet for the next year.
COMPANY'S
PERFORMANCE:
During the financial year 2012-13, the company has achieved well-rounded growth in Sales of 207.33%. The Revenue from operations for the financial year 2012-13 amounted to Rs. 255.864 Millions (as compared to the Revenue of Financial year 2011- 12 was Rs. 83.252 Millions).
The future at Greedight Planet India Private Limited Iooks promising and exciting. New opportunities are opening up new geographic avenues as well as a robust pipeline of new products. Their creative solutions emerging as result of constant innovation are helping us to become stronger in their operations and execution capabilities, The Company invested in developing operations and systems with a vision towards higher scalability, identified optima1 channel partners and distribution Strategies to reach end-users and determine end user profiles for their products. The company has introduced operations in Uttar Pradesh during fie financial year. With increased product awareness and steadily increasing sales we believe these were the right investments for long term growth and profitability.
Looking ahead for the next few years, the company's focus will be to increase productivity from existing operations to boost profitability and replicate the success of their existing operations in new geographies to boost revenue growth. In order to achieve this, the company plans start operations in several new regions, increase its resources to serve these markets and introduce several new products designed to cater its relevant markets.
BACKGROUND
Subject was incorporated on 24 December 2008. The Company deals in trading of solar power lamps. The Company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Ach 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
Short-term
borrowings |
|
|
|
Loan and Advance from related parties |
0.000 |
4.152 |
|
|
|
|
|
Total |
0.000 |
4.152 |
CONTINGENT LIABILITY (AS ON 31.03.2013)
The company has received demand from VAT
authority under Maharashtra Value Tax act, 2002 for Rs. 0.109 Million
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 records 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.61.56 |
|
|
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.82.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.