MIRA INFORM REPORT
|
Report Date : |
13.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
NUANCE GROUP (INDIA) PRIVATE LIMITED (w.e.f. 16.03.2007) |
|
|
|
|
Formerly Known
As : |
SHOPPER’S STOP DUTY FREE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Eureka Towers, B Wing, 9th Floor, Mindspace, Link Road,
Malad (West), Mumbai – 400064, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
12.12.2006 |
|
|
|
|
Com. Reg. No.: |
11-166148 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 728.200
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51228MH2006PTC166148 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMN14745D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS4860P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of retailing products through duty free
retail outlets at international airports. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a joint venture between “Nuance Group and Shoppers Stop
Limited”. It is an established company having moderate track record. Management of the company not filed its latest financial i.e. Dec 2013
with the government department. As per the available financial of Dec 2012, the company has recorded
some accumulated losses. However, trade relations are reported to be fair.
Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some 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
US investment bank Goldman
Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
Management non-cooperative. (Tel. No.: 91-22-28800808)
LOCATIONS
|
Registered Office : |
Eureka Towers, B Wing, 9th Floor, Mindspace, Link Road,
Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-66887688/ 28800808/ 42497000/ 66887239 / 66783700 |
|
Fax No.: |
91-22-28445060/ 66887455/ 28808877 |
|
E-Mail : |
chandrashekarn@shoppersstop.co.in |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Bangalore International Airport, Alpha 3, Airline Bldg. 1st
Floor, Devanahalli – 560300, Bangalore, India |
|
Tel. No.: |
91-80-66783700 |
|
Fax No.: |
91-80-66783701 |
|
E-Mail : |
|
|
|
|
|
Global Headquarters : |
|
DIRECTORS
As on: 29.06.2012
|
Name : |
Mr. Roberto Graziani |
|
Designation : |
Director |
|
Address : |
Lindenstrasse 7, 8125 Zollokerberg, Switzerland |
|
Date of Birth/Age : |
25.11.1964 |
|
Date of Appointment : |
08.02.2007 |
|
DIN No.: |
01236846 |
|
|
|
|
Name : |
Mr. Carlo Bernasconi |
|
Designation : |
Director |
|
Address : |
Homstrasse 30, 5015 Erliinsbach SO, Switzerland |
|
Date of Birth/Age : |
05.09.1960 |
|
Date of Appointment : |
08.02.2007 |
|
DIN No.: |
01236974 |
|
|
|
|
Name : |
Mr. Salil Puliankodan Kunjiraman Nair |
|
Designation : |
Director |
|
Address : |
Flat No. 201, 20th Floor, Yugdharma, Link Road, Malad
(West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1965 |
|
Date of Appointment : |
18.10.2007 |
|
DIN No.: |
01955091 |
|
|
|
|
Name : |
Mr. Sanjay Chakravarti |
|
Designation : |
Director |
|
Address : |
Flat No.1101, B Wing, Anmol Apartments, Excel Industrial Estate,
Opposite Patel Auto, Off. S. V. Road, Goregaon (West), Mumbai-400062, Maharashtra,
India |
|
Date of Birth/Age : |
05.11.1969 |
|
Date of Appointment : |
29.06.2012 |
|
DIN No.: |
05246624 |
|
|
|
|
Name : |
Mr. Nicholas Girotto |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Vinay Bhatiya |
|
Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shoppers Stop Limited, Mumbai, India |
|
36410000 |
|
The Nuance Group AG, Switzerland, India |
|
36410000 |
|
|
|
|
|
Total |
|
72820000 |
%20PRIVATE%20LIMITED%20-%20271521_MIRA%2013-Jun-2014_files/image019.gif)
Equity Share Break up (Percentage of Total Equity)
As on: 29.06.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
50.00 |
|
Bodies corporate |
|
50.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of retailing products through duty
free retail outlets at international airports. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
Tel No. 91-22-28254601
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Delloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai –
400018, Maharashtra, India |
|
Tel. No.: |
91-22-66679030 |
|
Fax No.: |
91-22-66679100 |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Joint Venture : (As on 31.12.2011) |
The Nuance Group AG, Switzerland, India Shoppers Stop Limited CIN No.:-
L51900MH1997PLC108798 |
CAPITAL STRUCTURE
As on: 29.06.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85000000 |
Equity Shares |
Rs.10/- each |
Rs.850.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
72820000 |
Equity Shares |
Rs.10/- each |
Rs.728.200
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
728.200 |
728.200 |
728.200 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(520.500) |
(522.615) |
(545.566) |
|
|
NETWORTH |
207.700 |
205.585 |
182.634 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
115.000 |
|
|
2] Unsecured Loans |
55.000 |
55.000 |
0.000 |
|
|
TOTAL BORROWING |
55.000 |
55.000 |
115.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
262.700 |
260.585 |
297.634 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
21.000 |
78.235 |
101.321 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
138.400
|
128.174
|
128.494
|
|
|
Sundry Debtors |
15.000
|
17.679
|
19.965
|
|
|
Cash & Bank Balances |
130.200
|
64.232
|
69.265
|
|
|
Other Current Assets |
8.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
175.400
|
175.698
|
229.713
|
|
Total
Current Assets |
467.000
|
385.783 |
447.437 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
|
198.881
|
244.068
|
|
|
Other Current Liabilities |
224.300
|
3.802
|
6.440
|
|
|
Provisions |
1.000
|
0.750
|
0.616
|
|
Total
Current Liabilities |
225.300
|
203.433 |
251.124 |
|
|
Net Current Assets |
241.700
|
182.350 |
196.313 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
262.700 |
260.585 |
297.634 |
|
%20PRIVATE%20LIMITED%20-%20271521_MIRA%2013-Jun-2014_files/image003.gif){kind=small}
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
797.300 |
|
|
|
|
|
Other Income |
1.800 |
|
|
|
|
|
TOTAL (A) |
799.100 |
651.183 |
650.193 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods |
353.000 |
|
|
|
|
|
Administrative Expenses |
319.700 |
|
|
|
|
|
Other Expenses |
55.100 |
|
|
|
|
|
TOTAL (B) |
727.800 |
600.290 |
647.258 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
71.300 |
50.893 |
2.935 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.200 |
2.840 |
28.526 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
63.100 |
48.053 |
(25.591) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
61.000 |
25.102 |
39.151 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
2.100 |
22.951 |
(64.742) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2.100 |
22.951 |
(64.742) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(522.615) |
(545.566) |
(480.824) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(520.515) |
(522.615) |
(545.566) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Foreign currency and foreign credit collection on sale of merchandise |
NA |
|
459.180 |
|
|
|
Other retail operating income received in foreign currency |
NA |
|
54.079 |
|
|
TOTAL EARNINGS |
NA |
485.445 |
513.259 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of Machineries |
NA |
NA |
234.749 |
|
|
TOTAL IMPORTS |
NA |
NA |
234.749 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.02 |
0.32 |
(0.89) |
|
%20PRIVATE%20LIMITED%20-%20271521_MIRA%2013-Jun-2014_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20271521_MIRA%2013-Jun-2014_files/image005.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20271521_MIRA%2013-Jun-2014_files/image006.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20271521_MIRA%2013-Jun-2014_files/image007.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20271521_MIRA%2013-Jun-2014_files/image008.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
0.26 |
3.74
|
(9.96) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.26 |
NA
|
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.43 |
4.95
|
(11.80) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.11
|
(0.35) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.26 |
0.27
|
0.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.07 |
1.90
|
1.78 |
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 |
728.200 |
728.200 |
728.200 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
(Accumulated Losses) |
(545.566) |
(522.615) |
(520.500) |
|
Net
worth |
182.634 |
205.585 |
207.700 |
|
|
|
|
|
|
Secured Loans |
115.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
55.000 |
55.000 |
|
Total
borrowings |
115.000 |
55.000 |
55.000 |
|
Debt/Equity
ratio |
0.630 |
0.268 |
0.265 |
%20PRIVATE%20LIMITED%20-%20271521_MIRA%2013-Jun-2014_files/image021.gif)
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) |
|
Total Income |
650.193 |
651.183 |
799.100 |
|
|
|
0.152 |
22.715 |
%20PRIVATE%20LIMITED%20-%20271521_MIRA%2013-Jun-2014_files/image023.gif)
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 |
650.193 |
651.183 |
799.100 |
|
Profit |
-64.742 |
22.951 |
2.100 |
|
|
-9.96% |
3.52% |
0.26% |
%20PRIVATE%20LIMITED%20-%20271521_MIRA%2013-Jun-2014_files/image025.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
As on 31.12.2012 |
As on 31.12.2011 |
|
|
|
|
|
Rupee term loans unsecured |
55.000 |
55.000 |
|
|
|
|
|
Total |
55.000 |
55.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification
|
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10258805 |
30/11/2010 |
165,000,000.00 |
IDBI BANK LIMITED |
47,OPUS CENTER, CENTRAL ROAD, MIDC ,ANDHERI EAST, |
B01834936 |
FIXED ASSETS
- Shop Fittings
- Leasehold Improvements
- Office Equipments
- Computer Hardware
- Computer Software
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. 59.31 |
|
|
1 |
Rs. 99.68 |
|
Euro |
1 |
Rs. 80.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
28 |
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.