MIRA INFORM REPORT
|
Report No. : |
319411 |
|
Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
AND DESIGNS INDIA LIMITED |
|
|
|
|
Formerly Known
As : |
AND DESIGNS INDIA PRIVATE LIMITED (w.e.f.08.01.2001) MASQUE CLOTHING COMPANY PRIVATE LIMITED |
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|
Registered
Office : |
Plot No.88, Marol Co-Operative, Industrial Estate M. V. Road, Marol,
Andheri (East), Mumbai-400059 , Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
14.03.1995 |
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Com. Reg. No.: |
11-086449 |
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Capital
Investment / Paid-up Capital : |
Rs. 38.594 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17116MH1995PLC086449 |
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|
|
IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA21262D |
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PAN No.: [Permanent Account No.] |
AADCA2325A |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of designing,
manufacturing and retailing apparel in India and across the globe. |
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No. of Employees
: |
2500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record.
Financially company seems to be strong. Trade relations are reported to be fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered for normal business dealings at usual
trade terms and condition. |
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
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 : |
Ms. Sujata |
|
Designation : |
Account Executive |
|
Contact No.: |
91-22-40353333 |
|
Date : |
25.04.2015 |
LOCATIONS
|
Registered Office : |
Plot No.88, Marol Co-operative Industrial Estate, M.V. Road, Marol,
Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-40353333/ 32/ 321 |
|
Fax No.: |
91-22-40261631 |
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E-Mail : |
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Website : |
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Stores : |
Located at : · Ahmedabad · Bangalore · Belgaum · Chennai · Coimbatore · Delhi · Goa · Gurgaon · Hyderabad · Kolkata · Lucknow · Ludhiana · Mumbai ·
Pune |
DIRECTORS
As on 31.03.2014
|
Name : |
Mrs. Anita Pravin Dongre |
|
Designation : |
Director |
|
Address : |
204, Ocena View, Union Park, Khar (West), Mumbai – 400052,
Maharashtra, India |
|
Date of Birth/Age : |
03.10.1963 |
|
Date of Appointment : |
14.03.1995 |
|
DIN No.: |
00980491
|
|
|
|
|
Name : |
Mukesh Kischinchand Salwani |
|
Designation : |
Director |
|
Address : |
E/1, Emly Apartment, 7th Floor, 15th Road, Khar
(West), Mumbai – 400052, Maharashtra, India |
|
Date of Birth/Age : |
06.08.1970 |
|
Date of Appointment : |
14.03.1995 |
|
DIN No.: |
00980418 |
|
|
|
|
Name : |
Meena Yadvinder Sehra |
|
Designation : |
Director |
|
Address : |
9th Bharat Mahal, 1st Floor, Marine Drive,
Mumbai – 400002, Maharashtra, India |
|
Date of Birth/Age : |
05.03.1965 |
|
Date of Appointment : |
02.05.2003 |
|
DIN No.: |
00136459
|
|
|
|
|
Name : |
Sandeep Achyut Naik |
|
Designation : |
Director |
|
Address : |
A-203/204, Krishna Residency, Sunder Nagar, Malad (West), Mumbai –
400064, Maharashtra, India |
|
Date of Birth/Age : |
26.03.1979 |
|
Date of Appointment : |
12.11.2013 |
|
DIN No.: |
02057989
|
|
|
|
|
Name : |
Shantanu Rastogi |
|
Designation : |
Director |
|
Address : |
C-43, Sector B, Aliganj, Lucknow – 226024, Uttar Pradesh, India |
|
Date of Birth/Age : |
26.03.1979 |
|
Date of Appointment : |
12.11.2013 |
|
DIN No.: |
06732021
|
KEY EXECUTIVES
|
Name : |
Ms. Sujata |
|
Designation : |
Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anita P Dongre |
|
848976 |
|
Mukesh K Sawlani |
|
907415 |
|
Meena Y Sehra |
|
848977 |
|
Hari K Sawlani |
|
1 |
|
Sangita Rohira |
|
62500 |
|
General Atlantic Singapore Fund Pte. Limited, Singapore |
|
1191131 |
|
Deepikesh Hira |
|
380 |
|
Total |
|
3859380 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Anita P Dongre |
|
24 |
|
Mukesh K Salwani |
|
24 |
|
Meena Y Shera |
|
24 |
|
Hari K Salwani |
|
2 |
|
Sangita Rohira |
|
3 |
|
Future Lifestyles Fashions Limited, India |
|
23 |
|
Total |
|
100 |
As on 05.12.2014
|
Names of Allottee |
|
No. of Shares |
|
General Atlantic Singapore Fund Pte. Limited, Singapore |
|
553678 |
|
Total |
|
553678 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
30.86 |
|
Directors or relatives of Directors |
67.51 |
|
Other top fifty shareholders |
1.63 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of designing,
manufacturing and retailing apparel in India and across the globe. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
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Exports : |
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Products : |
Finished goods |
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Countries : |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit (30/60/90 Days) |
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Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users, OEM’s
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No. of Employees : |
2500 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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|
Auditors : |
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|
Name : |
Rohira Mehta and Associates Chartered Accountants |
|
Address : |
B-202, 2nd Floor, Grand Bella Vista, Near Jari Mari Temple,
S.V. Road, Bandra (West), Mumbai – 400 050, Maharashtra, India |
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Tel. No.: |
91-22-42084500 |
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Fax No.: |
91-22-42084501 |
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E-Mail : |
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PAN No.: |
AAIPR8005L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
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Enterprises which
exercise significant
influence : |
|
CAPITAL STRUCTURE
After 25.09.2014
Authorised Capital : Rs.50.000
Million
Issued, Subscribed & Paid-up Capital : Rs.44.131
Million
As on 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,859,380 |
Equity Shares |
Rs.10/- each |
Rs.48.594 Million |
|
140,620 |
Preference Shares |
Rs.10/- each |
Rs.1.406 Million |
|
|
|
|
Rs.50.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,859,380 |
Equity Shares |
Rs.10/- each |
Rs.38.593
Million |
|
100 |
Preference Shares |
Rs.10/- each |
Rs.0.001
Million |
|
|
|
|
Rs.38.594 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
38.594 |
38.594 |
38.594 |
|
(b) Reserves & Surplus |
682.256 |
467.859 |
275.694 |
|
(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) |
720.850 |
506.453 |
314.288 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1001.513 |
100.505 |
91.967 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
6.562 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.981 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
1004.494 |
100.505 |
98.529 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
64.236 |
220.138 |
290.328 |
|
(b) Trade payables |
243.513 |
147.986 |
74.204 |
|
(c) Other current liabilities |
95.547 |
86.229 |
73.720 |
|
(d) Short-term provisions |
14.634 |
19.578 |
36.486 |
|
Total
Current Liabilities (4) |
417.930 |
473.931 |
474.738 |
|
|
|
|
|
|
TOTAL |
2143.274 |
1080.889 |
887.555 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
405.787 |
130.614 |
116.702 |
|
(ii) Intangible Assets |
8.357 |
5.370 |
1.104 |
|
(iii) Capital work-in-progress |
267.766 |
239.025 |
162.365 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.160 |
0.160 |
0.160 |
|
(c) Deferred tax assets (net) |
13.478 |
4.946 |
2.036 |
|
(d) Long-term Loan and Advances |
196.688 |
170.819 |
121.207 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
8.266 |
|
Total
Non-Current Assets |
892.236 |
550.934 |
411.840 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
523.697 |
0.000 |
0.000 |
|
(b) Inventories |
438.623 |
242.701 |
164.620 |
|
(c) Trade receivables |
159.152 |
243.966 |
145.879 |
|
(d) Cash and cash equivalents |
62.771 |
11.922 |
2.385 |
|
(e) Short-term loans and
advances |
66.350 |
30.902 |
146.700 |
|
(f) Other current assets |
0.445 |
0.464 |
16.131 |
|
Total
Current Assets |
1251.038 |
529.955 |
475.715 |
|
|
|
|
|
|
TOTAL |
2143.274 |
1080.889 |
887.555 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2144.533 |
1816.559 |
1188.044 |
|
|
|
Other Income |
18.675 |
2.418 |
1.141 |
|
|
|
TOTAL (A) |
2163.208 |
1818.977 |
1189.185 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
615.200 |
647.045 |
209.011 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
167.890 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(205.262) |
(69.864) |
(63.398) |
|
|
|
Employees benefits expense |
322.119 |
227.909 |
171.317 |
|
|
|
Other expenses |
983.336 |
649.431 |
472.230 |
|
|
|
Exceptional item |
(48.065) |
0.000 |
2.410 |
|
|
|
Extraordinary item |
1.995 |
0.012 |
0.000 |
|
|
|
Prior period items |
105.408 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
1774.731 |
1454.533 |
959.460 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
388.477 |
364.444 |
229.725 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
18.542 |
33.454 |
25.551 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
369.935 |
330.990 |
204.174 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
60.560 |
29.077 |
19.199 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
309.375 |
301.913 |
184.975 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
94.978 |
98.526 |
61.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
214.397 |
203.387 |
123.973 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
56.00 |
53.00 |
20.74 |
|
Expected Sales (2014-15) : Rs. 2500.000 Million
The above information has been parted by Ms. Sujata (Account Executive)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
10.00 |
11.20 |
10.44 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
18.11 |
20.06 |
19.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.62 |
36.08 |
25.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43 |
0.60 |
0.59 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.48 |
0.63 |
1.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.99 |
1.12 |
1.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
38.594 |
38.594 |
38.594 |
|
Reserves & Surplus |
275.694 |
467.859 |
682.256 |
|
Net
worth |
314.288 |
506.453 |
720.850 |
|
|
|
|
|
|
long-term borrowings |
91.967 |
100.505 |
1001.513 |
|
Short term borrowings |
290.328 |
220.138 |
64.236 |
|
Total
borrowings |
382.295 |
320.643 |
1065.749 |
|
Debt/Equity
ratio |
1.216 |
0.633 |
1.478 |
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 |
1188.044 |
1816.559 |
2144.533 |
|
|
|
52.903 |
18.055 |
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 |
1188.044 |
1816.559 |
2144.533 |
|
Profit |
123.973 |
203.387 |
214.397 |
|
|
10.44% |
11.20% |
10.00% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particular |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current
maturities of long-term debt |
0.876 |
43.491 |
27.781 |
|
Total |
0.876 |
43.491 |
27.781 |
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
(Rs.
In Million)
|
UNSECURED LOAN |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Debentures |
1000.000 |
0.000 |
|
Intercorporate borrowings |
0.000 |
20.000 |
|
Total |
1000.000 |
20.000 |
PERFORMANCE
During the year, the company has clocked total revenues of Rs. 2163.200 Million as compared to Rs. 1819.000 Million in the previous year; an increase of 18.92% over the previous year.
As a strategy, we try to keep an equilibrium between the revenues generated by us from the Exclusive Brand Outlet (EBOs) and Multi Brand Outlet (MBOs). Out of the total Sales, 43.63% of the sales was accounted for by the EBOs, 52.57% by the MBOs and the rest through e-Commerce, Exports and other channels of distribution.
The EBOs help us in brand building by giving the consumer a better shopping experience as they are much larger in size than MBOs and allows us to be in full control of the business including store ambience, visual merchandising, sales staff etc.
As far as MBOs are concerned, in addition to opening new stores, we were also able to increase the area provided to us in some of the existing key locations. We were able to push the Global Desi brand in existing Pantaloons and Shoppers Stop locations where Global Desi was previously not located and in some cases the brand was also given a larger and better space where the brand was already located. As a result we witnessed
tremendous growth, especially with Global Desi in Pantaloons and Shoppers Stop stores, where the brand revenue grew by around 300% and around 70% respectively.
The Average Selling Price (ASP) of our products company wide increased by 10%. This is partly because of the inflation during the last year, but also because we were able to take our products a notch higher, enabling us to command a higher price. Overall, companywide, our same store sales increased by 5.6% on a year to year basis. In EBOs, our same store sales increased by 8.7% on a year to year basis and in MBOs / SIS format it grew by 2.7%.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10131075 |
17/02/2012 * |
200,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 & 602, Peninsula Business Park, 6th floor, Tower A, Senapati
Bapat Marg, Lower Parel,, Mumbai, |
B33456310 |
|
2 |
90159154 |
04/03/2003 |
500,000.00 |
CITI BANK |
CITI 61DR SS RAO MARG, PAREL, MUMBAI, Maharashtra - 400012, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Buildings
- Factory
Buildings
- Plant
and Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
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.63.61 |
|
|
1 |
Rs.96.55 |
|
Euro |
1 |
Rs.69.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
52 |
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.