MIRA INFORM REPORT
|
Report No. : |
316804 |
|
Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SITARA JEWELLERY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 303, Tower -1, Seepz++, Seepz SEZ, Andheri (East),
Mumbai – 400096, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.03.2006 |
|
|
|
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Com. Reg. No.: |
11-160636 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 9.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36911MH2006PTC160636 |
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|
|
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IEC No.: |
2708000012 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS60475C |
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|
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PAN No.: [Permanent Account No.] |
AALCS2790M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Exporter of Studded Gold Jewellery. |
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No. of Employees
: |
115 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
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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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. The rating takes into consideration improved operational performance
leading to significant increase in company’s turnover and profitability
during FY 2014. However, the rating is constrained on account of the unfavorable gap
between trade receivables and payables which may affect its liquidity
position in the future. Trade relations reported to be fair. Business is active. Payments are
reported to be slow but 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 PARTED BY
|
Name : |
Mr. Umesh Lad |
|
Designation : |
Accountant |
|
Contact No.: |
91-9819993397 |
|
Date : |
11.04.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Unit No. 303, Tower - 1, Seepz++, Seepz SEZ, Andheri (East),
Mumbai – 400096, Maharashtra, India |
|
Tel. No.: |
91-22-28291626 |
|
Mobile No.: |
91-9819993397 [Mr. Umesh Lad] |
|
Fax No.: |
91-22-28291630 |
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E-Mail : |
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|
Area : |
6650 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Divyanshu Navlakha |
|
Designation : |
Managing director |
|
Address : |
A-5, Greater Kailash, Part – I, New Delhi – 110046, India |
|
Date of Birth/Age : |
10.11.1981 |
|
Qualification : |
GIA [Degree] |
|
Experience : |
8 Years |
|
Date of Appointment : |
13.07.2010 |
|
PAN No.: |
ACBPN9687K |
|
Background : |
Mr. Divyanshu Navlakha is a Certified
Gemologist from GIA, US and have good command on the line of product and
quality of goods including raw material and also have a very good ability of
marketing the product in US and Europe. |
|
DIN No.: |
01162140 |
|
|
|
|
Name : |
Mrs. Amita Navlakha |
|
Designation : |
Director |
|
Address : |
A-5, Greater Kailash, Part – I, New Delhi – 110046, India |
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Date of Birth/Age : |
21.12.1957 |
|
Qualification : |
M.A. |
|
Experience : |
16 Years |
|
Date of Appointment : |
27.07.2010 |
|
PAN No.: |
AATPN9560D |
|
Background : |
She is from a
Jewelers family and pursuing the same trade. She is a Jewelry Designer and
has a company under the name and style of Anshumita Jewels Private Limited.
She believes in growing by continually providing useful and significant
products, services and solutions to markets we already serve and to expand
into new areas that build on their competencies and customer interests. Mrs.
Amita Navlakha view change in the market as an opportunity to grow; to use
their profits and their ability to develop and produce innovative products,
services and solutions that satisfy emerging customer needs. |
|
DIN No.: |
01162168 |
KEY EXECUTIVES
|
Name : |
Mr. Umesh Lad |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Divyanshu Navlakha |
237600 |
24.00 |
|
Amita Navlakha |
495000 |
50.00 |
|
Shantanu Navlakha |
257400 |
26.00 |
|
Total |
990000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Exporter of Studded Gold Jewellery. |
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|
|
|
Products : |
Studded Gold Jewellery |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Studded Gold Jewellery |
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Countries : |
· USA · Hong Kong |
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Imports : |
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Products : |
Diamond, Colour Stone, Gems Stones |
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Countries : |
· Hong Kong · USA |
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Terms : |
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Selling : |
Credit [180 days] |
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Purchasing : |
Credit [180 days] |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
|
Suppliers : |
Local Suppliers · S.K. International Address: Vitrag Chamber, G-01, Ground Floor, 6/1407, Thoba Sheri,
Mahidharpura, Surat, Gujarat, India · Sanjay and Company Address: 1270, Gupta Bhawan, Mali Colony, Outside Chandpole Gate,
Jaipur – 302016, Rajasthan, India · Aksh Diamond Private Limited Address: 210, Soni Chamber, 2nd Floor, Avantikabai, Gokhale
Street, Opera House, Mumbai – 400004, Maharashtra, India · Sambhav Corporation Address: 1270, Gupta Bhawan, Mali Colony, Outside Chandpole Gate,
Jaipur – 302016, Rajasthan, India · Rushabh International Address: 409, Ruby Complex, Opposite K.G. Hospital, Shantadevi Road,
Navsari – 396445, Gujarat, India Overseas Suppliers
· Sun Impex Address: B8 14 FL, Hankowcentre, 4 Ashley Road, T.S.T. Kowloon, Hong
Kong Tel. No.: 2368 3813 · Shu Lin Trading Limited Address: Block I, 12/F, Pak Po Building, 82, Bute Street, Kowloon,
Hong Kong Tel. No.: 852-27139271 Fax No.: 852-27604353 · Opal Resources Address: Room C5, 6/F, Hankow Centre, 1C Middle Road, Tsimshatsui,
Kowloon Hong Kong Tel. No.: 852 2368 4018 Fax No.: 852 9869 0618 · New Suren Co. Limited Address: Suriyawongse, Bangrak, Bangkok 10500, Thailand Tel. No.: 237-6956-7/ 235-2590 · Khushali Enterprise Co. Limited Address: 208, Sithikorn Building, Flr 4, RM 401, Mahesak SOI 2,
Mahesak Road, Bangkok 10500, Thailand Tel. No.: 662 635-9337 · Excellent Diamonds Limited Address: 1101-02, Cammer Comm. Building, 30-32 Cameron Road, TST
Kowloon, Hong Kong Tel. No.: 852 2721 4200 Fax No.: 852 2316 7695 |
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Overseas Customers : |
Wholesalers · Sutra Jewels Address: 7500, Bellaire Blvd, Suite 524, Houston, Tx 77036, USA Tel. No.: 713-984-4987 Fax No.: 713-239-2327 E-Mail: info@sutrajewels.com
Website: www.sutrajewels.com · Elements Jewelry Limited Address: Room No. B, 15/F, 8 Hart Avenue, TSIM, Shatsui, Kwaloon, Hong
Kong Tel. No.: 852-3971-0849 Fax No.: 852-3971-0853 E-Mail: dennis@sutrajewels.com
· Amiri Gems Address: P.O. Box 376, Doha-Qatar Al Sadd Branch – 4442 5972 City Center Branch – 44931429 Tel. No.: 974-4442-5975 · Mercury Distribution S.A. Address: 19, Rua De Saint-Leger, 1204 Geneva, Switzerland · MOLU Address: Nuruosmaniye Cad. No. 37/3, Cacaloglu 34120, Istanbul, Turkey Tel No.: 902125267669 · Geneva Jewels Address: 3 Rue De Mont Blancs 1201 Geneva C/o RCA, 5th
Floor, Switzerland Tel No.: 0041799556688 |
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No. of Employees : |
115 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
R. H. Modi and Company Chartered Accountants |
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Address : |
Room No. 11, Singh House, 23 Ambalal Doshi Marg, 2nd Floor,
Fountain, Mumbai – 400001, Maharashtra, India |
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Tel. No.: |
91-22-32968336/ 22656216 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AADPM9809L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other Related
Parties with whom transactions have taken place during the year : |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
990000 |
Equity Shares |
Rs.10/- each |
Rs.9.900 Million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
990000 |
Equity Shares |
Rs.10/- each |
Rs.9.900 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 |
9.900 |
9.900 |
9.900 |
|
(b) Reserves &
Surplus |
25.747 |
8.923 |
1.587 |
|
(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) |
35.647 |
18.823 |
11.487 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
1.781 |
1.412 |
1.124 |
|
(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) |
1.781 |
1.412 |
1.124 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
74.445 |
66.437 |
49.770 |
|
(b) Trade payables |
160.613 |
88.274 |
57.571 |
|
(c) Other current
liabilities |
19.930 |
2.515 |
2.936 |
|
(d) Short-term provisions |
3.048 |
0.000 |
1.315 |
|
Total Current Liabilities
(4) |
258.036 |
157.226 |
111.592 |
|
|
|
|
|
|
TOTAL |
295.464 |
177.461 |
124.203 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
40.583 |
31.206 |
32.647 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.063 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.352 |
0.502 |
0.461 |
|
Total Non-Current Assets |
40.935 |
31.771 |
33.108 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
230.389 |
107.286 |
56.529 |
|
(c) Trade receivables |
15.861 |
33.243 |
32.381 |
|
(d) Cash and cash
equivalents |
1.380 |
3.259 |
1.010 |
|
(e) Short-term loans and
advances |
6.899 |
1.902 |
1.175 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
254.529 |
145.690 |
91.095 |
|
|
|
|
|
|
TOTAL |
295.464 |
177.461 |
124.203 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL INCOME |
233.863 |
140.017 |
132.339 |
|
|
|
|
||
|
Less |
TOTAL EXPENSES |
208.640 |
128.246 |
123.047 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
25.223 |
11.771 |
9.292 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.283 |
2.292 |
2.417 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
21.940 |
9.479 |
6.875 |
|
|
|
|
|
|
|
Less |
TAX |
5.116 |
2.144 |
1.605 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
16.824 |
7.335 |
5.270 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Exports Sales |
223.608 |
136.503 |
132.339 |
|
|
TOTAL EARNINGS |
223.608 |
136.503 |
132.339 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
CIF Value of Imports |
108.403 |
52.632 |
16.212 |
|
|
TOTAL IMPORTS |
108.403 |
52.632 |
16.212 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
16.99 |
7.41 |
5.32 |
Expected Sales (2014-2015) : Rs. 290.000 Million
The above information has been parted by Mr. Umesh Lad
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / total Income ) |
(%) |
7.19 |
5.24 |
3.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.43 |
5.34 |
5.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.62 |
0.50 |
0.60 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.09 |
3.53 |
4.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
0.93 |
0.82 |
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 |
9.900 |
9.900 |
9.900 |
|
Reserves & Surplus |
1.587 |
8.923 |
25.747 |
|
Net worth |
11.487 |
18.823 |
35.647 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
49.770 |
66.437 |
74.445 |
|
Total borrowings |
49.770 |
66.437 |
74.445 |
|
Debt/Equity ratio |
4.333 |
3.530 |
2.088 |
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 |
132.339 |
140.017 |
233.863 |
|
|
|
5.802 |
67.025 |
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 |
132.339 |
140.017 |
233.863 |
|
Profit |
5.270 |
7.335 |
16.824 |
|
|
3.98% |
5.24% |
7.19% |
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 |
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% |
No |
|
14] |
Estimation for coming
financial year |
Yes |
|
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] |
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 |
Note:
The Registered office of the company has been shifted 318, Floral Deck
Plaza, E Wing, 3rd Floor, Behind Rolta Bhavan, Off Central Road,
MIDC, Mumbai – 400093, Maharashtra, India to the present address w.e.f.
29.10.210
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10539623 |
03/12/2014 |
75,000,000.00 |
Bank of India |
SEEPZ MID CORPORATE BR,BEHIND SEEPZ SERVICE CENTRE, MAROL INDUSTRIAL AREA, SEEPZ, MUMBAI, MAHARASHTRA - 400096, INDIA |
C38635439 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans : |
|
|
|
From Directors |
9.067 |
2.486 |
|
From Related Party |
62.668 |
63.951 |
|
Total |
71.735 |
66.437 |
FIXED ASSETS
- Building
- Plant and Machinery
- Computer
- Office Equipment
- Furniture and Fixture
- Motor Vehicle
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. 62.39 |
|
|
1 |
Rs. 91.06 |
|
Euro |
1 |
Rs. 66.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.