MIRA
INFORM REPORT
|
Report Date : |
03.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
BACCAROSE PERFUMES AND BEAUTY PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
66, Maker Chambers VI, 6th Floor, Nariman Point, Mumbai –
400021, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.10.1983 |
|
|
|
|
Com. Reg. No.: |
11-031189 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.6.115
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24246MH1983PTC031189 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB13366D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB2984M
|
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Cosmetics Perfumes and Skincare Products |
|
|
|
|
No. of Employees
: |
150 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2784000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is well-established company having satisfactory track record.
Profitability of the company seems to be fair. Trade relations are fair. Business
is active. Payment terms are reported to be usually correct. The company can be considered 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.
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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 PARTED BY
|
Name : |
Mr. Laxman Antu Patil |
|
Designation : |
Director |
|
Contact No.: |
91-9869373565 |
|
Date : |
02.01.2013 |
LOCATIONS
|
Registered Office : |
66, Maker Chambers VI, 6th Floor, Nariman Point, Mumbai –
400021, Maharashtra, India |
|
Tel. No.: |
91-22-22817766/ 22873732 |
|
Mobile No.: |
91-9869373565 [Mr. Laxman Antu Patil] |
|
Fax No.: |
91-22-22852780 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4500 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 3/1, Sector 3, Kandla SEZ, Gandhidham, Kutch-370230, Gujarat,
India |
|
Tel No.: |
91-2836-252393 |
|
|
|
|
Branch Office : |
11/1, Sarat Bose Road, Near Deshopriya Park, Kolkata – 700029, West Bengal, India |
|
Tel. No.: |
91-33-22805207 / 22805208 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mrs. Varsha Praful Dalal |
|
Designation : |
Whole Time Director |
|
Address : |
901, Pleasant Palace 16, N. D. Road, Mumbai-40006, Maharashtra, India |
|
Date of Birth/Age : |
15.10.1946 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
25.10.1983 |
|
Din No.: |
00179876 |
|
|
|
|
Name : |
Mr. Laxman Antu Patil |
|
Designation : |
Director |
|
Address : |
701/116, Anand Vikas, Gorai Anand Vikas, CHS, Gorai II, Borivali
(West), Mumbai-400092, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1967 |
|
Date of Appointment : |
01.08.2013 |
|
Din No.: |
00180128 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Dilip Kirtikant Sheth |
|
1 |
|
Sancerre Limited, Mauritius |
|
61149 |
|
|
|
|
|
TOTAL
|
|
61150 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cosmetics Perfumes and Skincare Products |
||||||
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|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
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Exports : |
|
||||||
|
Products : |
Cosmetics and Perfumes |
||||||
|
Countries : |
Asian Countries |
||||||
|
|
|
||||||
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Imports : |
|
||||||
|
Products : |
Machinery and Raw Materials |
||||||
|
Countries : |
·
Italy ·
France |
||||||
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|
|
||||||
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Terms : |
|
||||||
|
Selling : |
LC/ Cash and Credit |
||||||
|
|
|
||||||
|
Purchasing : |
LC/ Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Procter and Gamble |
||||||||||||
|
|
|
||||||||||||
|
Customers : |
Wholesalers and Retailers ·
Shopper Stop |
||||||||||||
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|
||||||||||||
|
No. of Employees : |
150 [Approximately] |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel
(West), Mumbai – 400013, Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B. S. Mehta and Company Chartered Accountant |
|
Address : |
11/13, |
|
Tel. No.: |
91-22-22661255/ 22660275/ 22665275/ 22660821/ 22661557 |
|
Fax No.: |
91-22-22665666 |
|
E-Mail : |
bsmco1@vsnl.net |
|
PAN No: |
AAAPS1111B |
|
|
|
|
Holding Company : |
Sanceree
Limited, Mauritius |
|
|
|
|
Subsidiaries : |
·
Baccarose Cosmetics Private Limited
[U24246MH1987PTC042415] ·
Wiwa Spray Systems Limited
[U85110KA1992PLC013249] |
|
|
|
|
Other Related Parties : |
Producin
Business Services |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
61150 |
Equity Shares |
Rs.100/-
each |
Rs.6.115
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
6.115 |
6.115 |
|
(b) Reserves & Surplus |
|
689.930 |
653.447 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
696.045 |
659.562 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
1.626 |
1.562 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1.626 |
1.562 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
40.945 |
42.723 |
|
(b)
Trade payables |
|
2337.138 |
1788.111 |
|
(c)
Other current liabilities |
|
275.843 |
250.392 |
|
(d) Short-term
provisions |
|
7.844 |
13.692 |
|
Total Current
Liabilities (4) |
|
2661.770 |
2094.918 |
|
|
|
|
|
|
TOTAL |
|
3359.441 |
2756.042 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible
assets |
|
59.552 |
52.273 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
3.870 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
172.633 |
172.755 |
|
(c) Deferred tax
assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
246.809 |
263.367 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
482.864 |
488.395 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.012 |
0.012 |
|
(b)
Inventories |
|
1177.122 |
798.662 |
|
(c)
Trade receivables |
|
1525.121 |
1292.080 |
|
(d) Cash
and cash equivalents |
|
138.833 |
119.225 |
|
(e) Short-term
loans and advances |
|
25.377 |
25.864 |
|
(f)
Other current assets |
|
10.112 |
31.804 |
|
Total
Current Assets |
|
2876.577 |
2267.647 |
|
|
|
|
|
|
TOTAL |
|
3359.441 |
2756.042 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
6.115 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
664.857 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
670.972 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
84.004 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
84.004 |
|
|
DEFERRED TAX LIABILITIES |
|
|
9.372 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
764.348 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
71.443 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
162.630 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
643.009
|
|
|
Sundry Debtors |
|
|
1010.581
|
|
|
Cash & Bank Balances |
|
|
54.836
|
|
|
Other Current Assets |
|
|
0.147
|
|
|
Loans & Advances |
|
|
361.677
|
|
Total
Current Assets |
|
|
2070.250 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1160.580
|
|
|
Other Current Liabilities |
|
|
319.364
|
|
|
Provisions |
|
|
60.031
|
|
Total
Current Liabilities |
|
|
1539.975
|
|
|
Net Current Assets |
|
|
530.275
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
764.348 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2220.699 |
|
1235.309 |
|
|
|
Other Income |
47.350 |
|
73.635 |
|
|
|
TOTAL |
2268.049 |
NA |
1308.944 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
2566.967 |
|
1319.272 |
|
|
|
Increase/Decrease in stock |
(347.380) |
|
(41.259) |
|
|
|
TOTAL |
2219.587 |
|
1278.013 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
48.462 |
|
30.931 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.057 |
NA |
8.237 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
43.405 |
|
22.694 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.922 |
|
5.861 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
36.483 |
|
16.833 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
956.512 |
|
502.092 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
596.61 |
NA |
275.27 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.61
|
NA |
1.29
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.95
|
NA |
1.84
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.36
|
NA |
1.06
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
NA |
0.03
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.05
|
0.06 |
0.13
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08
|
1.08 |
1.34
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT: 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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10047439 |
26/02/2009 * |
120,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA,
INDIA |
A58637679 |
|
2 |
10038077 |
17/02/2009 * |
120,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
A58606195 |
|
* Date of charge modification |
||||||
OPERATIONS:
Sales during the
year amounted to Rs. 2220.699 Millions and Other Income was Rs. 47.350 Millions
the total Income aggregated to Rs. 2268.049 Millions. After considering
increase in stock of Rs. 347.380 Millions, and after providing for Depreciation
of Rs. 5.057 Millions and other Manufacturing Expenses etc. aggregating to Rs.
2566.966 Millions, the working for the year resulted in a Profit of Rs. 43.405
Millions. Deducting therefrom an amount of Rs. 0.004 Million being Exceptional
Items, the Profit for the year was Rs. 43.401 Millions. After adding thereto a
sum of Rs. 2.146 Millions being Previous Year’s Net Taxes, and deducting
therefrom Rs. 9.000 Millions being Current Year’s Tax and Rs. 0.064 Million
being Deferred Tax, the Net Profit for the year was Rs. 36.483 Millions.
The Company is a
partner in the Partnership Firm Producin Business Services, sharing profit/loss
at the rate of 90%. For the year ended 31st March 2013, the Profit
from the Partnership Firm was Rs. 1.728 Millions.
FIXED ASSETS:
·
Freehold Land
·
Factory Buildings
·
Other Buildings
·
Plant and Machinery
·
Wind Electric Generators
·
Electrical Installation
·
Furniture and Fixtures
·
Equipment’s
·
Air Conditioners
·
Water Coolers and
Refrigerators
·
Computers
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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.61.90 |
|
|
1 |
Rs.102.74 |
|
Euro |
1 |
Rs.85.15 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.