MIRA INFORM REPORT
|
Report Date : |
30.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
GREENLIGHT PLANET INDIA PRIVATE LIMITED |
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Registered
Office : |
Mathuradas Mills Compound, N M Joshi Marg, Lower Parel (West), Mumbai
– 400013, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.12.2008 |
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Com. Reg. No.: |
11-189127 |
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Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
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CIN No.: [Company Identification
No.] |
U74990MH2008PTC189127 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading of Solar Power Lamps. |
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No. of Employees
: |
Not Available |
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 |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Greenlight Planet Inc, 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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.: 91-22-49111555)
LOCATIONS
|
Registered Office : |
Mathuradas Mills Compound, N M Joshi Marg, Lower Parel (West), Mumbai
– 400013, |
|
Tel. No.: |
91-22-49111555 |
|
Fax No.: |
91-22-49111599 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Mayank Sekhsaria |
|
Designation : |
Director |
|
Address : |
Sekhsaria House, |
|
Date of Appointment : |
24.12.2008 |
|
DIN No.: |
02413288 |
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|
|
|
Name : |
Mr. Anish Thakkar |
|
Designation : |
Director |
|
Address : |
Greenlight Planet, 903 Tulsiani Chambers, 212 Backbay Reclamation Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Date of Birth/Age : |
24.03.1985 |
|
Date of Appointment : |
20.07.2009 |
|
DIN No.: |
02563544 |
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|
|
|
Name : |
Mr. Dhaval Radia |
|
Designation : |
Additional Director |
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Address : |
Mangalam, 2nd Floor, 12th Road, Juhu Scheme,
Jaihind Housing Society, Plot No. 2, Vile Parle (West), Mumbai – 400049,
Maharashtra, India |
|
Date of Appointment : |
18.11.2013 |
|
DIN No.: |
03473061 |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
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 30.09.2014
|
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. |
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|
Products : |
Solar Power Lamps |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
Not Available |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Walkaer Chandiok and company Chartered Accountants |
|
Address : |
16th Floor, Tower II, Indiabulls Finance Centre, S B Marg, Elphinstone
West, Mumbai – 400013, Maharashtra, India |
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Tel. No.: |
91-22-66262600 |
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Fax No.: |
91-22-66262601 |
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E-Mail : |
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PAN No.: |
AAAFN4298E |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Greenlight Planet Inc |
CAPITAL STRUCTURE
As on 30.09.2014
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 |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
(130.853) |
(57.788) |
(17.105) |
|
(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) |
(120.853) |
(47.788) |
(7.105) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.290 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.471 |
0.930 |
0.000 |
|
Total Non-current
Liabilities (3) |
1.761 |
0.930 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
4.152 |
|
(b) Trade
payables |
242.130 |
184.744 |
22.659 |
|
(c) Other
current liabilities |
55.923 |
21.849 |
1.184 |
|
(d) Short-term
provisions |
10.853 |
5.548 |
0.000 |
|
Total Current
Liabilities (4) |
308.906 |
212.141 |
27.995 |
|
|
|
|
|
|
TOTAL |
189.814 |
165.283 |
20.890 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6.225 |
4.163 |
2.408 |
|
(ii)
Intangible Assets |
0.731 |
0.468 |
0.000 |
|
(iii)
Capital work-in-progress |
1.365 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.030 |
0.030 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.315 |
1.160 |
1.160 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.053 |
|
Total Non-Current
Assets |
13.636 |
5.821 |
3.651 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
6.449 |
27.149 |
0.000 |
|
(b)
Inventories |
131.086 |
107.128 |
7.301 |
|
(c) Trade
receivables |
5.948 |
1.296 |
1.492 |
|
(d) Cash
and cash equivalents |
26.131 |
22.070 |
7.443 |
|
(e)
Short-term loans and advances |
6.023 |
1.356 |
0.691 |
|
(f) Other
current assets |
0.541 |
0.463 |
0.312 |
|
Total
Current Assets |
176.178 |
159.462 |
17.239 |
|
|
|
|
|
|
TOTAL |
189.814 |
165.283 |
20.890 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
638.106 |
255.864 |
83.255 |
|
|
|
Other Income |
16.829 |
0.861 |
0.362 |
|
|
|
TOTAL (A) |
654.935 |
256.725 |
83.617 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
401.421 |
260.719 |
59.107 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and stock-in-trade |
(23.958) |
(99.827) |
(4.755) |
|
|
|
Employee Benefits Expenses |
161.684 |
62.818 |
13.971 |
|
|
|
Other Expenses |
184.703 |
72.024 |
23.236 |
|
|
|
Prior Period Items |
2.042 |
0.411 |
0.057 |
|
|
|
TOTAL (B) |
725.892 |
296.145 |
91.616 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(70.957) |
(39.420) |
(7.999) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.803 |
0.318 |
0.257 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(72.760) |
(39.738) |
(8.256) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
0.015 |
0.946 |
0.180 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE
TAX (E-F) (G) |
(72.775) |
(40.684) |
(8.436) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.290 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(73.065) |
(40.684) |
(8.436) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(57.788) |
(17.104) |
(8.668) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(130.853) |
(57.788) |
(17.104) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(73.06) |
(40.68) |
(8.43) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(11.45) |
(15.90) |
(10.13) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(11.12) |
(15.41) |
(9.61) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(38.62) |
(24.62) |
(40.44) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.60 |
0.85 |
1.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
(0.58) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.57 |
0.75 |
0.62 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
(17.105) |
(57.788) |
(130.853) |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(7.105) |
(47.788) |
(120.853) |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
4.152 |
0.000 |
0.000 |
|
Total
borrowings |
4.152 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
(0.584) |
0.000 |
0.000 |
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 |
83.255 |
255.864 |
638.106 |
|
|
|
207.326 |
149.393 |
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
|
83.255 |
255.864 |
638.106 |
|
Profit |
(8.436) |
(40.684) |
(73.065) |
|
|
(10.13%) |
(15.90%) |
(11.45%) |
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 |
Yes |
|
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 |
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.
FINANCIAL
RESULTS:
The Company incurred a net loss of Rs.73.065 Millions after taxes and the same is carried forward to the Balance sheet for the next year
COMPANY’S PERFORMANCE:
During the financial year 2013-14, the company has achieved well-rounded growth in Sales of 149.39%. The Revenue from operations for the financial year 2013-14 amounted to Rs.638.106 Millions (as compared to the Revenue of Financial year 2012-13 was Rs.255.864 Millions).
The future at company looks promising and exciting. New opportunities are opening up new geographic avenues as well as a robust pipeline of new products. Our creative solutions emerging as result of constant innovation are helping us to become stronger in our operations and execution capabilities. The Company invested in developing operations and systems with a vision towards higher scalability, identified optimal channel partners and distribution strategies to reach end-users and determine end user profiles for our products. The company has introduced operations in Uttar Pradesh during the 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 our 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.
NO CHARGES EXIST FOR
COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
NEWS:
GREENLIGHT PLANET
JOINS ACCELERATOR PROGRAM AIMED AT BENEFITING POOR GIRLS
MUMBAI: Greenlight Planet
Inc, has been selected as one of the 10 ventures for the Girl Effect
Accelerator, the world's first accelerator program dedicated to benefiting
girls in poverty. The program is being launched as a partnership between The
Nike Foundation and the Unreasonable Group.
Beginning on October 31st, just outside of San
Francisco, this exclusive 2-week program will bring together the 10 companies
that are positioned to impact the lives of millions of adolescent girls living
in poverty. With world-class mentors, strategic Financing and
access to a global network of support, these innovative
start-ups will help bring about a change in one of most powerful forces on the
planet, the adolescent girls.
"Today, less than two cents of every
international development dollar goes to girls - the very people who could do
most to end poverty," says Shaifali Puri, executive director of global
innovation at the Nike Foundation. "As long as girls remain invisible, the
world misses out on a tremendous opportunity for change."
A choice of the selection
committee, Greenlight Planet has been selected to participate because of its
contribution towards the lives of girls living in poverty. It represents one of
the 10 most promising startups in the world positioned to empower and impact
girls across emerging markets in Asia, Africa & Central America.
"We aren't working with
your typical Silicon Valley startup in this program," says Daniel Epstein,
who is directing the Girl Effect Accelerator and is the founder of the
Unreasonable Institute and Unreasonable Group. "The 10 selected ventures
currently operate in over 30 countries and averaged over $2 million in revenue
last year off of customers living on less than $2 a day." According to
Epstein, "We are hedging our bets on true "black swans:"
startups who have significant market traction, are working in the fastest
emerging markets of our time, and are positioned to measurably benefit millions
of girls in poverty. The team at Greenlight Planet is exactly the type of
venture we are privileged to be working with."
During the program, the entrepreneurs will be
meeting with 20 renowned mentors including Jessica Jackley, co-founder of
Kiva.org, George Kembel, founder of the Stanford d.school, Seth Godin, serial
entrepreneur and author, and Paul Polak who has uplifted over 20 million people
from poverty.
"We are launching the Girl Effect
Accelerator as a real-world experiment to better understand the impact that
entrepreneurs, investors, and business can bring to girls in poverty,"
says Puri. "Today there are over 250 million girls living in poverty.
Every year, more than $120Bn is spent in international development assistance,
yet this system has yet to produce the game-changing results we all desire for
girls and the world. This program is designed to bring new problem solvers to
the table: entrepreneurs."
"We are honored to be counted among the
many remarkable organizations that are a part of this program," says Anish
Thakkar, CEO Greenlight Planet. "A large number of our customers buy Sun
King solar lamps so that their children can study after dark. This program will
allow us to align social and business objectives perfectly to help girls in
poverty live better lives."
According to Epstein, "The Girl Effect
Accelerator aims to spark a conversation around how business investors, and
entrepreneurs can put a positive dent on history. Greenlight Planet serves as a
prime example of a venture that is solving problems we didn't think were
solvable, in markets most don't yet consider to be markets, with technologies
we didn't know existed - profitably. Each of these selected companies shares a
common eagerness to experiment in what it means to measurably benefit millions
of girls in poverty."
Greenlight Planet has a vision is to become a
global leader in delivering clean, safe, affordable energy to the world's two
billion under-served energy consumers. Founded in 2009 by 3 university
classmates, the Greenlight Planet team maintains an ongoing dedication to
replace dirty fuel sources prevalent in geographies such as Africa and India with clean
energy technology. Today, Greenlight Planet has sold over 2.5 million solar lamps, has 9 offices globally, over 700 full-time
employees and 6000 village Business Associates.
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.63.64 |
|
|
1 |
Rs.98.98 |
|
Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
|
--PROFITABILITY |
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.