1. Summary Information
|
|
|
Country |
|
|
Company Name |
Standard Retail Private Limited |
Principal Name 1 |
Nikunj Mansukhlal Turakhia |
|
Status |
Moderate |
Principal Name 2 |
Koduvayur Muthusubramanian Sethuraman |
|
|
|
Registration # |
11-202778 |
|
Street Address |
2/3, Ashok Chambers, Devji Ratansy Marg, Masjid (East), Mumbai – 400009, Maharashtra, India |
||
|
Established Date |
05.05.2010 |
SIC Code |
-- |
|
Telephone# |
91-22-43430300 |
Business Style 1 |
Trader |
|
Fax # |
91-22-43430333 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Steel Products |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 100000 /- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 19.00% Directors or
relatives of Directors – 66.00% Other top fifty shareholders –
15.00% |
Banking |
Bank
of India |
|
Public Limited Corp. |
No |
Business Period |
4 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
37,000 |
Current Liabilities |
1,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
7,000 |
|
Fixed Assets |
0,000 |
Other Liabilities |
3,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
41,000 |
|
Invest& other Assets |
29,000 |
Retained Earnings |
(75,000) |
|
|
|
Net Worth |
25,000 |
|
Total Assets |
66,000 |
Total Liab. & Equity |
66,000 |
|
Total Assets (Previous Year) |
70,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
P/L Statement as of |
|
Total Revenue |
NA |
Net Profit |
(15,000) |
|
Total Revenue (Previous yr) |
NA |
Net Profit(Prev.yr) |
(39,000) |
MIRA
INFORM REPORT
|
Report Date : |
11.09.2014 |
|
|
|
|
Ph. No.: |
912243430300, 912243430333 |
|
Homepage : |
http://www.standardconduits.com/micro-sites/std-retail.index.html
|
|
|
|
IDENTIFICATION DETAILS
|
Name : |
STANDARD RETAIL PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
2/3, Ashok Chambers, Devji Ratansy Marg, Masjid (East), Mumbai – 400009, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.05.2010 |
|
|
|
|
Com. Reg. No.: |
11-202778 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51101MH2010PTC202778 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAOCS2064H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in trading and importing of a wide variety of
steel products for over four decades. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated on 5th may 2010,
it has recently commenced its business operations. It is having moderate
track record. As claimed by Mrs. Sunita Maji, Accountants manager that company has
started its business operation from December 2013. As per available financial record of 2013, the company has incurred
some pre-operating expenses which resulting into accumulated losses recorded
by the company. However, trade relations are improving. Business is active. Payment
terms are \ slow. 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization policies.
A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term fund based limits = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
July, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fund based limits = A3 |
|
Rating Explanation |
Moderate degree of safety and high credit risk. |
|
Date |
July, 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 BY
|
Name : |
Mrs. Sunita Mali |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-43430300 |
|
Date : |
04.09.2014 |
LOCATIONS
|
Registered Office : |
2/3, Ashok Chambers, Devji Ratansy Marg, Masjid (East), Mumbai –
400009, Maharashtra, India |
|
Tel. No.: |
91-22-43430300 |
|
Fax No.: |
91-22-43430333 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 09.07.2013
|
Name : |
Nikunj Mansukhlal Turakhia |
|
Designation : |
Director |
|
Address : |
141, Shaan Apartment, Kashinath Dhuru Road, Dadar (West), Mumbai -
400028, Maharashtra, India |
|
Date of Birth/Age : |
18.08.1962 |
|
Date of Appointment : |
05.05.2010 |
|
DIN No. : |
00082170 |
|
|
|
|
Name : |
Koduvayur Muthusubramanian Sethuraman |
|
Designation : |
Additional director |
|
Address : |
502, Macropolo, Near Voltas House, Chinchpokli, Mumbai - 400033,
Maharashtra, India |
|
Date of Birth/Age : |
04.07.1950 |
|
Date of Appointment : |
28.03.2012 |
|
DIN No. : |
05246763 |
KEY EXECUTIVES
|
Name : |
Mrs. Sunita Mali |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Nikunj Mansukhlal Turakhia |
|
1500 |
|
Heena n. Turakhia |
|
1500 |
|
Nikunj Mansukhlal Turakhia - HUF |
|
1500 |
|
Vidhi Nikunj Turakhia |
|
1800 |
|
Parth Nikunj Turakhia |
|
1800 |
|
Standard Conduits Private Limited, India |
|
1900 |
|
|
|
|
|
Total |
|
10000 |
AS ON 22.04.2014
|
Names of Shareholders |
|
No. of Shares |
|
Nikunj Mansukhlal Turakhia |
|
180500 |
|
Heena N. Turakhia |
|
95000 |
|
Nikunj Mansukhlal Turakhia - HUF |
|
85500 |
|
Standard Conduits Private Limited, India |
|
769500 |
|
Standard Galva Steels Private Limited, India |
|
646000 |
|
Turakhia Steels Private Limited, India
|
|
123500 |
|
|
|
|
|
Total |
|
1900000 |
AS ON 09.07.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
|
Percentage of Holding |
|
Bodies corporate |
|
19.00 |
|
Directors or relatives of Directors |
|
66.00 |
|
Other top fifty shareholders |
|
15.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in trading and importing of a wide variety of
steel products for over four decades. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|
|
|
|
Bankers : |
Bank of India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Financial Institution : |
SBICAP Trustee Company Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Manish Modi and Associates Chartered Accountants |
|
Address : |
Gita Building, 2nd Floor, Plot No. 92, Next To HP Petrol Pump, Sion
Circle, Sion (East), Mumbai – 400022, Maharashtra, India |
|
PAN No.: |
AAOFM4644C |
|
Tel. No.: |
91-22-24026648 / 24085928 |
|
Fax No.: |
91-22-24026648 |
|
Email : |
|
|
Website : |
CAPITAL STRUCTURE
AFTER 09.07.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,010,000 |
Equity Shares |
Rs.10/- each |
Rs.50.100 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,910,000 |
Equity Shares |
Rs.10/- each |
Rs.19.100 Millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
(0.075) |
(0.060) |
(0.021) |
|
(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) |
0.025 |
0.040 |
0.079 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.037 |
0.026 |
0.000 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current liabilities |
0.001 |
0.000 |
0.007 |
|
(d) Short-term provisions |
0.003 |
0.004 |
0.004 |
|
Total
Current Liabilities (4) |
0.041 |
0.030 |
0.011 |
|
|
|
|
|
|
TOTAL |
0.066 |
0.070 |
0.090 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.000 |
0.000 |
0.000 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.029 |
0.029 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.025 |
0.025 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
0.054 |
0.054 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
0.012 |
0.016 |
0.035 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.025 |
|
(f) Other current assets |
0.000 |
0.000 |
0.030 |
|
Total
Current Assets |
0.012 |
0.016 |
0.090 |
|
|
|
|
|
|
TOTAL |
0.066 |
0.070 |
0.090 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX
(I) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(0.015) |
(0.039) |
(0.021) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(1.53) |
(3.90) |
--- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.48 |
0.65 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.29 |
0.53 |
8.18 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
(0.021) |
(0.060) |
(0.075) |
|
Net
worth |
0.079 |
0.040 |
0.025 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.026 |
0.037 |
|
Total
borrowings |
0.000 |
0.026 |
0.037 |
|
Debt/Equity
ratio |
0.000 |
0.650 |
1.480 |
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 |
|
|
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 |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover of
firm for last three years |
No |
|
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 |
No |
|
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 |
Yes |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10515928 |
06/08/2014 |
300,000,000.00 |
Bank of India |
Mumbai Mid
Corporate Branch, Bank of India Bldg., Mezzanine Floor, 70-80 M. G.
Road, Fort,, Mumbai |
C17278896 |
|
2 |
10501631 |
08/05/2014 |
3,250,000,000.00 |
SBICAP TRUSTEE
COMPANY LIMITED |
202, Maker Tower,
'E', Cuffe Parade, Mumbai, Maharashtra - 400005, INDIA |
C05965454 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and Advances from related parties |
0.036 |
0.026 |
|
|
|
|
|
Total |
0.036 |
0.026 |
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.60.83 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.