MIRA INFORM REPORT
|
Report Date : |
15.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE RETAIL LIMITED (w.e.f.13.072013) |
|
|
|
|
Formerly Known
As : |
RELIANCE FRESH LIMITED (w.e.f.18.01.2008) RANGER FARMS LIMITED (w.e.f.10.02.2007) RANGER FARMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Court House. Lokmanya Tilak Marg, Dhobi Talao,
Mumbai – 400002, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.06.1999 |
|
|
|
|
Com. Reg. No.: |
11-120563 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 49895.416 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01100MH1999PLC120563 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR19954E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR1718E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Departmental Stores. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (80) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “Reliance Group” a well-known and reputed
industrial house. It is an established company having a file track record. It has successfully wiped out it accumulated losses. The rating also takes into consideration, the financially strong and
resourceful percentage of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitments. In view of strong group, 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = AAA |
|
Rating Explanation |
Have the highest degree of safety and carry lowest credit risk. |
|
Date |
22.08.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Commercial Paper = A1+ |
|
Rating Explanation |
Have very strong degree of safety and carry lowest credit risk. |
|
Date |
22.08.2014 |
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 DENIED
Management Non Co-Operative (Tel No.: 91-22-44770000)
LOCATIONS
|
Registered Office : |
3rd Floor, Court House. Lokmanya Tilak Marg, Dhobi Talao,
Mumbai – 400002, |
|
Tel. No.: |
91-22-44770000 91-22-67673800 |
|
Fax No.: |
91-22-44771882 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
9th Floor, Maker Chambers IV, 222, Nariman Point, Mumbai –
400021, |
|
Tel. No.: |
91-22-44772522 |
|
Fax No.: |
91-22-22785211 |
DIRECTORS
As On 30.09.2014
|
Name : |
Pankaj Mohan Pawar |
|
Designation : |
Whole Time Director |
|
Address : |
302, Archana, Surabh, Plot No.20, Sector 7, Koparkhairne,
Navi Mumbai – 400709, |
|
Date of Birth/Age : |
14.07.1972 |
|
Qualification : |
B. E, MBA |
|
Date of Appointment : |
01.10.2010 |
|
PAN No.: |
AEAPP7976A |
|
DIN No.: |
00085077 |
|
|
|
|
Name : |
Anurup Singh Pruthi |
|
Designation : |
Director |
|
Address : |
FlatNo. 2303, 23rd Floor, Odysseyii Hiranandani, |
|
Date of Birth/Age : |
24.09.1968 |
|
Date of Appointment : |
31.03.2014 |
|
DIN No.: |
06631657 |
|
|
|
|
Name : |
Pramod Madhukar Bhawalkar |
|
Designation : |
Director |
|
Address : |
2/36, Om Trimurti CHS, Bhaktidham Marg, Off Sion Trombay Road,
Chunabhati, Mumbai – 400022, Maharashtra, India |
|
Date of Birth/Age : |
18.01.1957 |
|
Qualification : |
B.Sc. MPM |
|
Date of Appointment : |
24.03.2012 |
|
DIN No.: |
01114946 |
|
|
|
|
Name : |
Sanjay Narayan Jog |
|
Designation : |
Director |
|
Address : |
B – 702, Rushi Towers, Lokhandwala Complex, Swami Samarth Nagar,
Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
02.02.1960 |
|
Date of Appointment : |
30.12.2013 |
|
DIN No.: |
01727602 |
KEY EXECUTIVES
|
Name : |
Akanksha Nilay Mota |
|
Designation : |
Secretary |
|
Address : |
07 Alok Society Sant Tukaram Road, Mulund (East), Mumbai – 400081,
Maharashtra, India |
|
Date of Birth/Age : |
22.04.1985 |
|
Date of Appointment : |
18.07.2013 |
|
PAN No.: |
AJVPM9052A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Shareholding Details File Attached.
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
99.95 |
|
Other top fifty shareholders |
0.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Departmental Stores. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Available |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Available |
||||||||
|
|
|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Not Available |
||||||||
|
|
|
||||||||
|
Purchasing : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
Not Divulged |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
Information declined by the management. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
714/715, Tulsiani Chambers, 212, Nariman Point, Mumbai – 400 021, |
|
PAN No.: |
AAAFC0662N |
|
|
|
|
Name : |
S.R. Batliboi and Company Chartered Accountant |
|
Address : |
14th Floor, Ruby, 29, Senapati Bapat Marg, Dadar West,
Mumbai – 400028, Maharashtra, India |
|
PAN No.: |
ACHFS9180N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Ultimate Holding Company: |
Reliance Industries Limited |
|
|
|
|
Holding Company : |
(formerly Reliance Commercial Associates
Limited)
|
|
|
|
|
Fellow Subsidiaries : |
|
|
|
|
CAPITAL STRUCTURE
As On 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15,000,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 150000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4,989,541,650 |
Equity Shares |
Rs. 10/-
each |
Rs.
49895.416 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
49895.400 |
10.500 |
10.500 |
|
(b) Reserves & Surplus |
525.700 |
(1025.200) |
(12950.900) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
49884.900 |
0.000 |
|
(3) Minority Interest |
0.000 |
40.600 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
50421.100 |
48910.800 |
(12940.400) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
17414.000 |
9271.900 |
58728.300 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1317.900 |
1133.700 |
0.000 |
|
(d) long-term
provisions |
126.900 |
266.000 |
108.800 |
|
Total Non-current
Liabilities (3) |
18858.800 |
10671.600 |
58837.100 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1764.100 |
108.400 |
0.000 |
|
(b) Trade
payables |
12694.500 |
10843.000 |
3085.500 |
|
(c) Other
current liabilities |
4086.500 |
3661.200 |
1089.500 |
|
(d) Short-term
provisions |
28.500 |
27.000 |
5.600 |
|
Total Current
Liabilities (4) |
18573.600 |
14639.600 |
4180.600 |
|
|
|
|
|
|
TOTAL |
87853.500 |
74222.000 |
50077.300 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
21693.100 |
18396.300 |
23244.200 |
|
(ii)
Intangible Assets |
3217.200 |
1449.100 |
0.000 |
|
(iii)
Capital work-in-progress |
4019.800 |
4388.400 |
3811.700 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1125.900 |
7706.500 |
2455.400 |
|
(c) Deferred tax assets (net) |
7196.800 |
8371.300 |
6165.100 |
|
(d) Long-term Loan and Advances |
3925.100 |
5666.700 |
5861.900 |
|
(e) Other
Non-current assets |
0.000 |
0.500 |
0.000 |
|
Total Non-Current
Assets |
41177.900 |
45978.800 |
41538.300 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.800 |
286.600 |
0.000 |
|
(b)
Inventories |
35153.500 |
21438.800 |
5313.700 |
|
(c) Trade
receivables |
1802.400 |
1962.000 |
1480.900 |
|
(d) Cash
and cash equivalents |
4991.900 |
1169.700 |
203.200 |
|
(e)
Short-term loans and advances |
4724.600 |
3385.600 |
1541.100 |
|
(f) Other
current assets |
2.400 |
0.500 |
0.100 |
|
Total
Current Assets |
46675.600 |
28243.200 |
8539.000 |
|
|
|
|
|
|
TOTAL |
87853.500 |
74222.000 |
50077.300 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
126944.700 |
91260.300 |
38378.400 |
|
|
|
Other Income |
1874.500 |
191.200 |
8.500 |
|
|
|
TOTAL (A) |
128819.200 |
91451.500 |
38386.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
115030.200 |
74208.200 |
33270.800 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
Stock-in-Trade |
(12950.000) |
(1810.400) |
(2034.700) |
|
|
|
Employees benefits expenses |
3951.700 |
3732.500 |
1752.800 |
|
|
|
Other expenses |
16264.500 |
13872.300 |
7564.100 |
|
|
|
TOTAL (B) |
122296.400 |
90002.600 |
40553.000 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
6522.800 |
1448.900 |
(2166.100) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
697.900 |
734.800 |
2.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5824.900 |
714.100 |
(2168.500) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1866.400 |
2804.800 |
2056.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
3958.500 |
(2090.700) |
(4225.300) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1237.800 |
(738.600) |
(1487.700) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
2720.700 |
(1352.100) |
(2737.600) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.55 |
(0.27) |
(26072.40) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
2.14
|
(1.48) |
(7.13) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.14
|
1.59 |
(5.64) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.24 |
(3.89) |
(11.22) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
(0.04) |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.38 |
0.19 |
(4.54) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.51 |
1.93 |
2.04 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
10.500 |
10.500 |
49895.400 |
|
Reserves & Surplus |
(12950.900) |
(1025.200) |
525.700 |
|
Share Application money pending allotment |
0.000 |
49884.900 |
0.000 |
|
Minority Interest |
0.000 |
40.600 |
0.000 |
|
Net
worth |
(12940.400) |
48910.800 |
50421.100 |
|
|
|
|
|
|
long-term borrowings |
58728.300 |
9271.900 |
17414.000 |
|
Short term borrowings |
0.000 |
108.400 |
1764.100 |
|
Total
borrowings |
58728.300 |
9380.300 |
19178.100 |
|
Debt/Equity
ratio |
(4.538) |
0.192 |
0.380 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
38378.400 |
91260.300 |
126944.700 |
|
|
|
137.791 |
39.102 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
38378.400 |
91260.300 |
126944.700 |
|
Profit |
(2737.600) |
(1352.100) |
2720.700 |
|
|
(7.13%) |
(1.48%) |
2.14% |
LOCAL AGENCY FURTHER INFORMATION
Note: Current
maturity long term debt are 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 |
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 |
Yes |
Note: The registered
office has been shifted from Reliance Corporate Park, Building No. 4, Ground
Floor, 'C' Wing, Thane-Belapur Road, Ghansoli, Navi Mumbai – 400701,
Maharashtra, India to the present address w.e.f.21.11.2011
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10488381 |
11/04/2014 |
6,000,000,000.00 |
State Bank of India |
State Bank of India, Ground Floor,Free Press Journal Marg,Nariman Point, Mumbai, Maharashtra - 400021, INDIA |
C02663300 |
|
2 |
10344114 |
01/03/2012 |
42,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B35773571 |
|
3 |
10154320 |
30/03/2009 |
22,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A60806841 |
|
4 |
10065388 |
28/02/2007 |
100,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A12463303 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advance from related parties |
17365.000 |
9200.000 |
|
Fully convertible debentures intercorporate |
0.000 |
3.000 |
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee Term loan from banks |
1764.100 |
0.000 |
|
Loans repayable on demand |
0.000 |
108.400 |
|
Total |
19129.100 |
9311.400 |
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. 62.44 |
|
|
1 |
Rs. 98.15 |
|
Euro |
1 |
Rs. 77.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
|
80 |
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.