MIRA INFORM REPORT
|
Report No. : |
315480 |
|
Report Date : |
02.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
KOHINOOR TELEVIDEO PRIVATE LIMITED (w.e.f. 07.11.2009) |
|
|
|
|
Formerly Known
As : |
GANESH TELEVIDEO AGENCIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road,
Dadar (East), Mumbai - 400014, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
10.07.1990 |
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|
|
|
Com. Reg. No.: |
11-057184 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32200MH1990PTC057184 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG06501F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG1298B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Distributors
and Supplier of Electronic and Electrical Goods. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. The company possesses a favourable financial profile, with ample
liquidity marked by decent net worth. Further, the management has seen an increase in its sales volume
whereas, has reported a drastic decline in its net profitability during 2014. The ratings also take into consideration, the high operating costs and
wafer thin margins associated with the similar type of business in the
industry. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 DECLINED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-61160400)
LOCATIONS
|
Registered Office : |
182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road,
Dadar (East), Mumbai - 400014, Maharashtra, India |
|
Tel. No.: |
91-22-23821472/ 24156900/ 61160400 |
|
Fax No.: |
91-22-23827154/ 24127994 |
|
E-Mail : |
|
|
Location: |
Owned |
|
|
|
|
Head Office/ Shop : |
339, |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ramchand Phagunmal Mewani |
|
Designation : |
Managing director |
|
Address : |
13th Floor,
Privthvi Apartment, Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
24.03.1944 |
|
Date of Appointment : |
10.07.1990 |
|
PAN No.: |
AALPM2982J |
|
DIN No.: |
00214514 |
|
|
|
|
Name : |
Mr. Vishal Ramchand Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor,
Privthvi Apartment, Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
07.04.1974 |
|
Date of Appointment : |
30.09.1993 |
|
PAN No.: |
AFPPM2094G |
|
DIN No.: |
00214523 |
|
|
|
|
Name : |
Mr. Sanjay Ramchand Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor,
Privthvi Apartment, Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
30.12.1980 |
|
Date of Appointment : |
02.04.1998 |
|
PAN No.: |
AFNPM9829D |
|
DIN No.: |
00214529 |
|
|
|
|
Name : |
Bharati Ramchand Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor,
Privthvi Apartment, Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
01.05.1947 |
|
Date of Appointment : |
10.07.1990 |
|
PAN No.: |
AFOPM2333K |
|
DIN No.: |
00214534 |
|
|
|
|
Name : |
Priyanka Vishal Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor,
Privthvi Apartment, Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1975 |
|
Date of Appointment : |
02.04.1998 |
|
PAN No.: |
AAAPL7279G |
|
DIN No.: |
00214537 |
|
|
|
|
Name : |
Varsha Sanjay Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor,
Privthvi Apartment, Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
17.11.1980 |
|
Date of Appointment : |
25.06.2003 |
|
PAN No.: |
ALIPS5933R |
|
DIN No.: |
00214540 |
|
|
|
|
Name : |
Mr. Rahul Dinesh Parwani |
|
Designation : |
Director |
|
Address : |
4, Neel Ganga, 1 Floor, 24th Road, Bandra, Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
02.09.1991 |
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
AIWPP6008P |
|
DIN No.: |
03523346 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ramchand Phagunmal Mewani |
|
3030 |
|
Vishal Ramchand Mewani |
|
15250 |
|
Sanjay Ramchand Mewani |
|
6700 |
|
Bharati Ramchand Mewani |
|
10 |
|
Priyanka Vishal Mewani |
|
10 |
|
Total |
|
25000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Distributors
and Supplier of Electronic and Electrical Goods. |
|
|
|
|
Products : |
Electronic and Electrical Goods |
|
|
|
|
Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· ING Vysya Bank Limited, 804/A, Ground Floor, Ghamat Lodge, Dr. Ambedkar Road, TT Terminus, Dadar (East), Mumbai - 400014, Maharashtra, India · Thane Bharat Sahakari Bank Limited, Shatataraka, Baji Prabhu Deshpande Marg, Vishnu Nagar, Naupada, Thane (West), Thane - 400602, Maharashtra, India
Gujarat, India |
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Facilities : |
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Mulraj D Gala Chartered Accountant |
|
Address : |
B-21, Shashtri
Niketan, R K Chemburkar Marg, Behind Telephone Exchange, Chembur Naka,
Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-25294941 |
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E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AAIPC0792P |
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Memberships : |
-- |
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|
|
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Collaborators : |
-- |
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|
|
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.500 Million |
FINANCIAL DATA
[all figures are in
Rupees Million]
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 |
2.500 |
2.500 |
2.500 |
|
(b) Reserves & Surplus |
393.499 |
345.373 |
265.165 |
|
(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) |
395.999 |
347.873 |
267.665 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
362.525 |
306.337 |
214.384 |
|
(b) Deferred tax liabilities
(Net) |
0.016 |
0.016 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
1.116 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
362.541 |
306.353 |
215.500 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
70.368 |
79.085 |
81.963 |
|
(b) Trade payables |
88.766 |
56.115 |
50.547 |
|
(c) Other current liabilities |
48.445 |
25.079 |
28.515 |
|
(d) Short-term provisions |
21.716 |
99.081 |
66.762 |
|
Total
Current Liabilities (4) |
229.295 |
259.360 |
227.787 |
|
|
|
|
|
|
TOTAL |
987.835 |
913.586 |
710.952 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
403.931 |
409.858 |
321.344 |
|
(ii) Intangible Assets |
5.225 |
5.304 |
4.565 |
|
(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 |
0.209 |
0.009 |
0.009 |
|
(c) Deferred tax assets (net) |
0.692 |
0.421 |
0.604 |
|
(d) Long-term Loan and Advances |
47.692 |
20.417 |
33.423 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
457.749 |
436.009 |
359.945 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
313.060 |
272.721 |
204.909 |
|
(c) Trade receivables |
116.658 |
60.836 |
59.970 |
|
(d) Cash and cash equivalents |
56.360 |
14.341 |
10.777 |
|
(e) Short-term loans and
advances |
44.008 |
129.679 |
75.351 |
|
(f) Other current assets |
|
|
0.000 |
|
Total
Current Assets |
530.086 |
477.577 |
351.007 |
|
|
|
|
|
|
TOTAL |
987.835 |
913.586 |
710.952 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2453.900 |
1945.300 |
1723.000 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
97.797 |
134.851 |
113.409 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
28.198 |
22.112 |
18.272 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
69.599 |
112.739 |
95.137 |
|
|
|
|
|
|
|
Less |
TAX |
21.379 |
32.531 |
30.889 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
48.220 |
80.208 |
64.248 |
|
|
|
|
|
|
|
TAX
ADJUSTMENT (PREVIOUS YEAR) |
0.000 |
0.000 |
-0.624 |
|
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
48.220 |
80.208 |
63.624 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1928.80 |
3208.32 |
2569.92 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.97 |
4.12 |
3.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.05 |
12.35 |
13.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.32 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.09 |
1.11 |
1.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.31 |
1.84 |
1.54 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
265.165 |
345.373 |
393.499 |
|
Net
worth |
267.665 |
347.873 |
395.999 |
|
|
|
|
|
|
long-term borrowings |
214.384 |
306.337 |
362.525 |
|
Short term borrowings |
81.963 |
79.085 |
70.368 |
|
Total
borrowings |
296.347 |
385.422 |
432.893 |
|
Debt/Equity
ratio |
1.107 |
1.108 |
1.093 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1723.000 |
1945.300 |
2453.900 |
|
|
|
12.902 |
26.145 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1723.000 |
1945.300 |
2453.900 |
|
Profit |
64.248 |
80.208 |
48.220 |
|
|
3.73% |
4.12% |
1.97% |
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 |
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 |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CHANGE OF ADDRESS
The registered address of the company has been shifted from Shop No. 44,
Rajesh Building, Lamington Road, Mumbai – 400007, Maharashtra, India to the
present w.e.f. 02.03.2010
OPERATION
The sales volume for the financial year ended 31 st March 2014 was Rs. 2453.900 Million as compared to Rs. 1945.300 Million of the previous years. Profit before tax is Rs. 69.600 Million.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10536763 |
10/12/2014 |
100,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C37032695 |
|
2 |
10534821 |
06/12/2014 |
57,700,000.00 |
STANDARD CHARTERED BANK |
1ST FLOOR, 270 D N
ROAD, FORT, MUMBAI, MAHARASHTR |
C35911957 |
|
3 |
10512449 |
03/07/2014 |
62,858,000.00 |
ING VYSYA BANK LIMITED |
804/A, GROUND
FLOOR, GHAMAT LODGE,, DR. AMBEDKAR |
C14761126 |
|
4 |
10505818 |
30/06/2014 |
120,000,000.00 |
STANDARD CHARTERED BANK |
STANDARD CHARTERED
TOWER, 201, B/1 WESTERN EXPRES |
C09136037 |
|
5 |
10482614 |
05/03/2014 |
100,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D,, NARIMAN POINT,, M |
B98496276 |
|
6 |
10442029 |
14/06/2013 |
82,500,000.00 |
ING VYSYA BANK LIMITED |
804/A, GROUND
FLOOR, GHAMAT LODGE,, DR. AMBEDKAR |
B81682882 |
|
7 |
10378216 |
01/10/2012 |
120,000,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-,
MUMBAI PUNE ROAD, PUNE, MAHARASHTRA |
B58787532 |
|
8 |
10302797 |
18/08/2011 |
90,000,000.00 |
EDELWEISS FINANCE & INVESTMENTS LIMITED |
2ND FLOOR, MB TOWERS,
PLOT NO 5,, ROAD NO 2, BANJ |
B19031327 |
|
9 |
10173793 |
14/06/2013 * |
140,000,000.00 |
ING VYSYA BANK LIMITED |
804/A, GROUND
FLOOR, GHAMAT LODGE,, DR. AMBEDKAR |
B81683484 |
|
10 |
10157381 |
15/05/2009 |
28,020,000.00 |
CITIBANK N. A. |
CITITOWER, DR. S.
S. RAO ROAD,, PAREL, MUMBAI, M |
A62233077 |
* Date of charge modification
FIXED ASSETS
v
Tangible
Assets
· Buildings
· Furniture and fixtures
· Vehicles
· Motor Vehicles
· Office equipment
· Computer Equipment’s
· Other Equipment’s
v
Intangible
Assets
· Goodwill
· 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 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.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.