MIRA INFORM REPORT
|
Report No. : |
336776 |
|
Report Date : |
13.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
BHABANI BLUNT HAIR DRESSING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Ground Floor, Block No. 1, Kohinoor Building, 29 Hughes Road,
Mumbai-400007, Maharashtra |
|
Tel. No.: |
91-22-65980301 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.08.2004 |
|
|
|
|
Com. Reg. No.: |
11-148187 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.185 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U93020MH2004PTC148187 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMB14139G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB4641H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is running Beauty Parlours, Hair Cutting Saloons and other related
activities and also providing Training for Hair Cutting, Beauty Parlours and
other related activities. |
|
|
|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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Comments : |
Subject is established company having a satisfactory track record. During FY-2014, the company has reported increase in its sales
turnover but it has noted losses from its operations. Further, rating take
consideration on healthy financials, decent capital structure and above
average debt protection metrics. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of healthy financial base, the company can be considered normal
for business dealing with its 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
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Kirti Vyas |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9870044926 |
|
Date : |
12.08.2015 |
LOCATIONS
|
Registered Office : |
Ground Floor, Block No. 1, Kohinoor Building, 29 Hughes Road,
Mumbai-400007, Maharashtra, India |
|
Tel. No.: |
91-22-65980301/ 370 |
|
Mobile No.: |
91-9870044926 (Mr. Kirti Vyas) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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Website : |
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|
Salons: |
Located at : · Mumbai · Bangalore · Delhi · Pune · Dubai ·
Indore |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ashoke Ashish Bhabani |
|
Designation : |
Director |
|
Address : |
Flat No. 10, Third Floor, Skylark Co-Operative Housing Society, Off Union
Park, Khar(West), Mumbai-400052, Maharashtra, India |
|
Date of Birth/Age : |
21.03.1973 |
|
Date of Appointment : |
24.08.2004 |
|
DIN No.: |
01803831 |
|
|
|
|
Name : |
Mr. Adhuna Bhabani Akhtar |
|
Designation : |
Director |
|
Address : |
Sea Spring, Bungalow No.1, 2nd B.J.Road, Bandstand, Bandra
(West), Mumbai-400050, Maharashtra, India |
|
Date of Birth/Age : |
30.03.1967 |
|
Date of Appointment : |
24.08.2004 |
|
DIN No.: |
01846174 |
|
|
|
|
Name : |
Mr. Satyajeet Sandeep Thakur |
|
Designation : |
Director |
|
Address : |
F8 RH6 Sector 6 Vashi, Navi Mumbai, Thane-400703,
Maharashtra, India |
|
Date of Birth/Age : |
08.09.1977 |
|
Date of Appointment : |
01.12.2010 |
|
DIN No.: |
03375147 |
|
|
|
|
Name : |
Mr. Thomas Steven Dawes |
|
Designation : |
Director |
|
Address : |
7th Floor, 702 Ruby Lite Building, 16th Road, Bandra West,
Mumbai, 400050, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1982 |
|
Date of Appointment : |
01.12.2010 |
|
DIN No.: |
03377974 |
|
|
|
|
Name : |
Mr. Sunil Kataria |
|
Designation : |
Director |
|
Address : |
D 502, Aditya CHS, Versova, S.V.P Nagar, Andheri (West),
Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1968 |
|
Date of Appointment : |
07.05.2014 |
|
DIN No.: |
06863609 |
|
|
|
|
Name : |
Mr. Omar Abdur Rahman Momin |
|
Designation : |
Director |
|
Address : |
15B-11, Takshila, Mahakali Road,, Andheri East,
Mumbai-400093, Maharashtra, India |
|
Date of Birth/Age : |
12.12.1979 |
|
Date of Appointment : |
07.05.2014 |
|
DIN No.: |
06863711 |
KEY EXECUTIVES
|
Name : |
Mr. Kirti Vyas |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
No. of Shares |
|
Ashoke Ashish Bhabani |
2982 |
16.11 |
|
Adhuna Bhabani Akhtar |
2204 |
11.91 |
|
Avan Contractor, India |
1296 |
7.00 |
|
STRB Holdings, Mauritius |
6482 |
35.02 |
|
Godrej Consumer Products Limited, India |
5546 |
29.96 |
|
Total |
18510 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
35.19 |
|
Bodies
corporate |
29.96 |
|
Directors
or relatives of directors |
28.02 |
|
Other
top fifty shareholders |
6.83 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is running Beauty Parlours, Hair Cutting Saloons and other
related activities and also providing Training for Hair Cutting, Beauty
Parlours and other related activities. |
|
|
|
|
Brand Names : |
-- |
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Agencies Held : |
-- |
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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
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
·
The Hong Kong and Shanghai Banking
Corporation Limited ·
HDFC Bank Limited ·
ICICI Bank Limited · State Bank of India |
||||||||||||||||||||||
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Facilities : |
-- |
|
Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Bimal Parekh and Company Chartered Accountants |
|
Address : |
110, Arun Chambers, Tardeo, Mumbai-400034, Maharashtra, India |
|
Tel. No.: |
91-22-23516065 |
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Fax No.: |
91-22-66608547 |
|
Income-tax
PAN of auditor or auditor's firm : |
AFBPP1938G |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
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 |
|
|
|
|
|
|
18510 |
Equity Shares |
Rs. 10/- each |
Rs. 0.185
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 |
0.185 |
0.180 |
0.180 |
|
(b) Reserves & Surplus |
155.617 |
27.773 |
21.442 |
|
(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) |
155.802 |
27.953 |
21.622 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.031 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
1.308 |
1.139 |
1.465 |
|
(d)
long-term provisions |
0.557 |
0.342 |
0.000 |
|
Total
Non-current Liabilities (3) |
1.896 |
1.481 |
1.465 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
8.411 |
7.481 |
|
(b)
Trade payables |
12.893 |
11.091 |
7.026 |
|
(c)
Other current liabilities |
3.460 |
4.008 |
3.264 |
|
(d)
Short-term provisions |
0.010 |
0.006 |
0.000 |
|
Total
Current Liabilities (4) |
16.363 |
23.516 |
17.771 |
|
|
|
|
|
|
TOTAL |
174.061 |
52.950 |
40.858 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
10.312 |
12.371 |
10.968 |
|
(ii)
Intangible Assets |
0.921 |
0.514 |
0.576 |
|
(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 |
7.300 |
4.300 |
4.300 |
|
(c) Deferred tax assets
(net) |
0.196 |
0.150 |
0.133 |
|
(d) Long-term Loan
and Advances |
13.061 |
14.295 |
10.344 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
31.790 |
31.630 |
26.321 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3.923 |
3.959 |
4.851 |
|
(c)
Trade receivables |
7.319 |
7.344 |
3.276 |
|
(d)
Cash and cash equivalents |
125.738 |
8.389 |
6.295 |
|
(e)
Short-term loans and advances |
4.305 |
0.641 |
0.115 |
|
(f)
Other current assets |
0.986 |
0.987 |
0.000 |
|
Total
Current Assets |
142.271 |
21.320 |
14.537 |
|
|
|
|
|
|
TOTAL |
174.061 |
52.950 |
40.858 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
137.353 |
130.867 |
86.841 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
146.896 |
121.197 |
92.728 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(9.543) |
9.670 |
(5.887) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.626 |
3.322 |
2.317 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(12.169) |
6.348 |
(8.204) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.050) |
0.017 |
(0.231) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(12.119) |
6.331 |
(7.973) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Income from Hair and Beauty Services |
0.318 |
1.250 |
|
|
|
|
Income from Franchise |
1.097 |
0.112 |
|
|
|
TOTAL EARNINGS |
1.415 |
1.362 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/ (LOSS)
Per Share (Rs.) |
(664) |
352 |
(442.95) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.098 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.31) |
13.09 |
(22.52) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.08) |
0.23 |
(0.38) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00 |
0.30 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.69 |
0.91 |
0.82 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
0.180 |
0.180 |
0.185 |
|
Reserves & Surplus |
21.442 |
27.773 |
155.617 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
21.622 |
27.953 |
155.802 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.031 |
|
Short term borrowings |
7.481 |
8.411 |
0.000 |
|
Total
borrowings |
7.579 |
8.411 |
0.031 |
|
Debt/Equity
ratio |
0.351 |
0.301 |
0.000 |
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) |
|
Total Income |
86.841 |
130.867 |
137.353 |
|
|
|
50.697 |
4.956 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
86.841 |
130.867 |
137.353 |
|
Profit/ (Loss) |
(7.973) |
6.331 |
(12.119) |
|
|
(9.18%) |
4.84% |
(8.82%) |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES NO CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
12%
Unsecured Compulsory Convertible Debentures of Rs. 10/- each |
0.031 |
0.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
From a Director |
0.000 |
8.411 |
|
|
|
|
|
Total |
0.031 |
8.411 |
REVIEW OF OPERATIONS:
Due to general slowdown and
several other challenges being faced by the Indian economy the company has not performed
well. During the year, the Company has opened two salons on franchise basis. It
has terminated its franchise partnership with one salon and has taken over one
franchise as a branch in Vashi, Mumbai. Godrej Consumer Products Limited., part
of globally renowned Godrej Group of Companies has acquired 30% equity in the
Company. With Godrej Group's expertise, the Director's are hopeful of showing
better results in the coming years, During the year the Company has issued 12%
Unsecured Compulsory Convertible Debentures at a premium of Rs.119.967 Million
to Godrej Consumer Products Limited'
CORPORATE INFORMATION:
The Company is a private
limited company incorporated on 24th August' 2004 under the provisions of the
Companies Act, 1956 (‘the Act’) and domiciled in lndia. The Company is engaged
in the business of hair styling and is involved in educating students in hair
styling'.
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from Ground Floor,
Shop No. 2, Mathaimansion St John Baptist Road, Bandra West, Mumbai-400050,
Maharashtra, India to the present address w.e.f 16.06.2008
FIXED ASSETS:
Tangible Assets
·
Furniture and Fixture
·
Office Equipment
·
Air Conditioner
·
Computer
·
Electrical Fittings
·
Motor Car
·
Plant and Machinery
Intangible Assets
· Trade Mark/ Logo
· Website Development
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. 64.83 |
|
|
1 |
Rs. 101.00 |
|
Euro |
1 |
Rs. 71.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
IND |
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 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.