MIRA
INFORM REPORT
|
Report No. : |
335538 |
|
Report Date : |
05.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE WEBSTORE LIMITED (W.E.F. 22.12.2004) |
|
|
|
|
Formerly Known
As : |
RELIANCE WEBSTORE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H Block , 1st
Floor, |
|
Tel. No.: |
91-22-30386286 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.08.2000 |
|
|
|
|
Com. Reg. No.: |
11-128101 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2000PLC128101 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR01042G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR6947H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Service provider of cellular networking services, EPABX system, and
cellular franchisee and recharge agencies. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a subsidiary of “Reliance Communications Limited”. It is an
established company having satisfactory track record. The company’s sales turnover has declined to Rs.8430.000 Million as compared
to the year 2013 turnover of Rs.9750.000 Million which further resulted into
loss. Due to huge loss, networth of the company has been eroded. However, the rating reflects company’s position as a leading
integrated telecom service provider with a pan-India presence and favourable
growth potential for mobile telephony and strong support from Reliance Group
of Companies. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. In view of being a part of Reliance Group, 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank
facilities = A- |
|
Rating Explanation |
Adequate degree of
safety and low credit risk. |
|
Date |
13 February 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term non-fund
based facilities = A2+ |
|
Rating Explanation |
Strong degree of
safety and low credit risk. |
|
Date |
13 February 2015 |
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
31-03-2013.
INFORMATION DENIED
Management non co-operative (91-22-30386286)
LOCATIONS
|
Registered Office : |
H Block , 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai – 400710, Maharashtra, India |
|
Tel. No.: |
91-22-30386286 |
|
Fax No.: |
91-22-30376622 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Gaurang Chhotalal Shah |
|
Designation : |
Director |
|
Address : |
Flat No 204, A Wing, 2nd Floor, Raj Vaibhav - 1, Mahavir Nagar, Kandivali (West), Mumbai - 400067, Maharashtra, India |
|
Date of Birth/Age : |
13.12.1961 |
|
Date of Appointment : |
23.10.2013 |
|
DIN No.: |
00004408 |
|
|
|
|
Name : |
Mr. Parthiv Vinaykant Parekh |
|
Designation : |
Additional Director |
|
Address : |
701, Yoga Co-Op. Housing Society Limited, Gulmohar X Road No 12,Jvpd Scheme, Vile Parle West, Mumbai - 400049, Maharashtra, India |
|
Date of Appointment : |
23.05.2015 |
|
DIN No.: |
00966430 |
|
|
|
|
Name : |
Mr. Anil Kalya |
|
Designation : |
Director |
|
Address : |
C-104,Seawoods Garden,Sector-17, Plot No.4 and 6, Palm Beach Road, Sanpada, Navi Mumbai - 400705, Maharashtra, India |
|
Date of Birth/Age : |
18.03.1974 |
|
Date of Appointment : |
25.12.2012 |
|
DIN No.: |
06460981 |
|
|
|
|
Name : |
Mr. Grace Thomas |
|
Designation : |
Additional Director |
|
Address : |
A-502, Anand Gardens, Anand Park, Link Road, Kanderpada, Dahisar (West), Mumbai - 400068, Maharashtra, India |
|
Date of Appointment : |
25.03.2015 |
|
DIN No.: |
07079566 |
|
|
|
|
Name : |
Mr. Ashok Kachardas Karnavat |
|
Designation : |
Additional Director |
|
Address : |
Flat No-3, Navakar Tower, Racca Colony, Near Jain Temple, Nashik - 422002, Maharashtra, India |
|
Date of Appointment : |
25.03.2015 |
|
DIN No.: |
07098455 |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Reliance Communications Limited |
|
49994 |
|
Prakash Shenoyjointly with Reliance Communications Limited |
|
1 |
|
Anil Shah jointly with Reliance Communications Limited |
|
1 |
|
Gaurang Shahi jointly with Reliance Communications Limited |
|
1 |
|
Hitesh Marthak jointly with Reliance Communications Limited |
|
1 |
|
Hasit Shukla jointly with Reliance Communications Limited |
|
1 |
|
Hitesh Chawda jointly with Reliance Communications Limited |
|
1 |
|
Total |
|
50000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service provider of cellular networking services, EPABX system, and cellular
franchisee and recharge agencies. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management. |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountant |
|
Address : |
714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai - 400021, |
|
PAN No.: |
AAAFC0662N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
Reliance Communications Limited, India |
|
|
|
|
Other (Partnership Firm) : |
Tip Top Typography (Upto 22nd August,2013) |
|
|
|
|
Fellow Subsidiary company : |
·
Reliance Communications Infrastructure Limited ·
Reliance Infratel
Limited ·
Reliance Infocomm
Infrastructure Private Limited ·
Reliance IDC
Limited ·
Reliance Telecom
Limited ·
Reliance BPO
Private Limited ·
Reliance Big TV
Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
(140.900) |
34.300 |
24.900 |
|
(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) |
(140.400) |
34.800 |
25.400 |
|
|
|
|
|
|
(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 |
266.300 |
404.300 |
873.900 |
|
(b) Trade payables |
5782.500 |
9705.200 |
2918.200 |
|
(c) Other current
liabilities |
1348.400 |
1785.500 |
1188.500 |
|
(d) Short-term provisions |
0.000 |
2.500 |
0.000 |
|
Total Current Liabilities (4) |
7397.200 |
11897.500 |
4980.600 |
|
|
|
|
|
|
TOTAL |
7256.800 |
11932.300 |
5006.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1102.300 |
1012.600 |
1199.900 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
179.200 |
268.000 |
285.200 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
49.800 |
51.800 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
224.300 |
208.700 |
125.500 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1505.800 |
1539.100 |
1662.400 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
691.600 |
865.500 |
946.000 |
|
(c) Trade receivables |
1367.100 |
3643.200 |
1650.800 |
|
(d) Cash and cash
equivalents |
20.300 |
29.400 |
32.900 |
|
(e) Short-term loans and
advances |
3414.700 |
5602.300 |
472.500 |
|
(f) Other current assets |
257.300 |
252.800 |
241.400 |
|
Total Current Assets |
5751.000 |
10393.200 |
3343.600 |
|
|
|
|
|
|
TOTAL |
7256.800 |
11932.300 |
5006.000 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
8374.300 |
9734.800 |
2783.400 |
|
|
Other Income |
64.800 |
16.800 |
8.000 |
|
|
TOTAL |
8439.100 |
9751.600 |
2791.400 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of materials consumed |
2804.400 |
3557.600 |
1121.500 |
|
|
Employee benefit expense |
220.600 |
169.100 |
14.100 |
|
|
Other expenses |
4816.800 |
5747.600 |
1387.200 |
|
|
TOTAL |
7841.800 |
9474.300 |
2522.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
597.300 |
277.300 |
268.600 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
625.500 |
78.100 |
40.200 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(28.200) |
199.200 |
228.400 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
147.000 |
187.300 |
227.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(175.200) |
11.900 |
0.600 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
2.500 |
0.100 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(175.200) |
9.400 |
0.500 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
34.300 |
24.900 |
24.400 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(140.900) |
34.300 |
24.900 |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
188.59 |
9.44 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
761.000 |
596.400 |
2536.100 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(2.09) |
0.10 |
0.02 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
7.13 |
2.85 |
9.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.48) |
0.10 |
0.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.25 |
0.34 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(1.90) |
11.62 |
34.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.78 |
0.87 |
0.67 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
24.900 |
34.300 |
(140.900) |
|
Net worth |
25.400 |
34.800 |
(140.400) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
873.900 |
404.300 |
266.300 |
|
Total borrowings |
873.900 |
404.300 |
266.300 |
|
Debt/Equity ratio |
34.406 |
11.618 |
(1.897 |
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 |
2783.400 |
9734.800 |
8374.300 |
|
|
|
249.745 |
(13.976) |
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 |
2783.400 |
9734.800 |
8374.300 |
|
Profit |
0.500 |
9.400 |
(175.200) |
|
|
0.02% |
0.10% |
(2.09%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
---------------------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note:
Registered address has been shifted from the E Block Dhirubhai Ambani
Knowledge City Opposite Koparkhairane Railway Station, Thane Belapur Road, Navi
Mumbai – 400709, Maharashtra, India to the present address w.e.f. 23.10.2007.
LITIGATION DETAILS
|
LITIGATION DETAILS |
|||||||
|
Bench:- Bombay Presentation Date : 03.08.2015 |
|||||||
|
Lodging No. : |
ARBAPL |
Failing Date:- |
03.08.2015 |
Reg. No.:- |
|
Reg. Date:- |
|
|
|
|||||||
|
Petitioner:- |
BANARAS AUTO TRADERS |
Respondent:- |
RELIANCE WEBSTORE LIMITED |
||||
|
Petn.Adv:- |
ABHIJEET A DESAI (I5528) |
||||||
|
District:- |
OUTSIDE MAHARASHTRA |
||||||
|
|
|||||||
|
Bench:- |
SINGLE |
Category:- |
ARBITRATION APPLICATIONS |
||||
|
Status:- |
Pre-Admission |
||||||
|
|
|
||||||
|
Act. : |
Arbitration and Conciliation Act 1996 |
Under Section 11 |
|||||
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Borrowing from foreign institutional agencies |
266.300 |
109.000 |
|
Loans and advances from related parties |
0.000 |
295.300 |
|
Total |
266.300 |
404.300 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
· Plant and equipment
· Factory Equipments
· Furniture and fixtures
· Vehicles
· Leasehold improvements
· Motor vehicles
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.63.93 |
|
|
1 |
Rs.99.82 |
|
Euro |
1 |
Rs.70.04 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
PNM |
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 |
5 |
|
--PROFITABILITY |
1~10 |
--- |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
41 |
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.