MIRA INFORM REPORT
|
Report No. : |
336740 |
|
Report Date : |
14.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
V AND S INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S-22, 2nd Floor, Manish Global Mall, Sector-22, Dwarka, New Delhi -
110075 |
|
Mob. No.: |
91-9958893929 (Mr. Sandeep) |
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|
|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
14.08.1992 |
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|
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Com. Reg. No.: |
55-049964 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs. 406.200 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U74899DL1992PTC049964 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AAACV0030A |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is mainly engaged in the business of Readymade garments and Made ups, Knitting and Dyeing of Fabric and Sale of fabric. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (20) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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|
Comments : |
V & S International Private Limited (VSI) incorporated in 1992, is
involved in the business of manufacturing and trading of apparels, home
furnishing and accessories. It is established company with having moderate
track record. During FY14 (refers to the period April 1 to March 31), the company
reported a total operating income of Rs. 1034.400 Million and net loss of Rs.
148.400 Million as against a total operating income of Rs. 1038.100 Million
and a net loss of Rs. 209.500 Million in FY13. The company is continuously incurring losses from its business
operations. Further, the ratings of V & S International Private Limited (VSI)
factor in ongoing delays in debt servicing resulting from stretched liquidity
position owing to elongated working capital cycle and weak financial profile
marked by low profitability and moderate gearing. However, business is active. Payments terms are reported to be slow. The company can be considered for business dealings with secured 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = D |
|
Rating Explanation |
Lowest-credit-quality and very low prospects of recovery. |
|
Date |
April 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = D |
|
Rating Explanation |
Instruments with this rating are in default or expected to be in default |
|
Date |
April 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 PARTED BY
|
Name : |
Mr. Sandeep |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9958898929 |
|
Date : |
13.08.2015 |
LOCATIONS
|
Registered Office : |
S-22, 2nd Floor, Manish Global Mall, Sector-22, Dwarka, New Delhi –
110075, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9958893929 (Mr. Sandeep) |
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Fax No.: |
Not Available |
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E-Mail : |
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|
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|
Factory : |
38th K.M. Milestone, Delhi-Jaipur Highway, Behrampur Road,
Gurgaon India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Chander Parkash Gauba |
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Designation : |
Managing Director |
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Address : |
B-9/24, Dlf-I, Gurgaon, 122001, Haryana, India |
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Date of Birth/Age : |
05.11.1954 |
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Date of Appointment : |
14.08.1992 |
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DIN No.: |
00054933 |
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Other Directorship :
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Name : |
Sahil Gauba |
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Designation : |
Director |
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Address : |
B-9/24, Dlf Ph-I, Gurgaon, 122001, Haryana, India |
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Date of Birth/Age : |
04.02.1984 |
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Date of Appointment : |
01.06.2007 |
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DIN No.: |
00969915 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Sandeep |
|
Designation : |
Accounts Manager |
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|
|
|
Name : |
Nidhi Aggarwal |
|
Designation : |
Secretary |
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Address : |
161/11, Indrapuri, Jacubpura, Near Ramlila Ground, Gurgaon, 122001, Haryana, India |
|
Date of Appointment : |
06.07.2012 |
|
PAN No.: |
AQOPA3204G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
C.P. Gauba |
|
2878000 |
|
Neeta Gauba |
|
1974400 |
|
Vipul Gauba |
|
2242100 |
|
Sahil Gauba |
|
2242100 |
|
C.P. Gauba (HUF) |
|
735800 |
|
Bull and Bear Shares Private Limited |
|
228000 |
|
Satish Arora |
|
87500 |
|
P.K. Sethi |
|
94000 |
|
V and S Industries Private Limited |
|
23500 |
|
Pradeep Sethi |
|
108100 |
|
Ravindra Nath |
|
1500 |
|
Sudha Bala Sethi |
|
5000 |
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|
|
|
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Total |
|
10620600 |
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Names of Preference Shareholders |
|
No. of Shares |
|
SIDBI Ventures Capital Limited |
|
3000000 |
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Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
2.37 |
|
Directors or relatives of Directors |
94.84 |
|
Other top fifty shareholders |
2.79 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is mainly engaged in the business of Readymade garments
and Made ups, Knitting and Dyeing of Fabric and Sale of fabric. |
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Products : |
Not Divulged |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
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Auditors : |
|
|
Name : |
APT Associates Chartered Accountants |
|
Address : |
B-36, Sagar Apartments, 6 Tilik Marg, New Delhi -110001,
India |
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Income-tax
PAN of auditor or auditor's firm : |
AAEFA4171C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
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CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13500000 |
Equity Shares |
Rs.10/- each |
Rs. 135.000 Million |
|
3000000 |
Preference Shares |
Rs. 100/- each |
Rs. 300.000 Million |
|
|
Total |
|
Rs. 435.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10620000 |
Equity Shares |
Rs.10/- each |
Rs. 106.200
Million |
|
3000000 |
Preference Shares |
Rs. 100/- each |
Rs. 300.000
Million |
|
|
Total |
|
Rs. 406.200 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 |
406.200 |
406.200 |
406.200 |
|
(b) Reserves & Surplus |
89.666 |
238.096 |
447.666 |
|
(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) |
495.866 |
644.296 |
853.866 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
241.431 |
245.125 |
335.987 |
|
(b) Deferred tax liabilities (Net) |
5.604 |
2.325 |
91.701 |
|
(c) Other long term
liabilities |
4.685 |
4.482 |
5.848 |
|
(d) long-term
provisions |
0.000 |
0.000 |
2.952 |
|
Total Non-current
Liabilities (3) |
251.720 |
251.932 |
436.488 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
890.673 |
945.302 |
845.508 |
|
(b) Trade
payables |
156.534 |
168.319 |
192.640 |
|
(c) Other
current liabilities |
26.873 |
36.927 |
60.669 |
|
(d) Short-term
provisions |
5.281 |
5.291 |
5.296 |
|
Total Current
Liabilities (4) |
1079.361 |
1155.839 |
1104.113 |
|
|
|
|
|
|
TOTAL |
1826.947 |
2052.067 |
2394.467 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
445.894 |
500.761 |
608.704 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
20.544 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
57.468 |
6.984 |
0.000 |
|
(d) Long-term Loan and Advances |
11.862 |
15.265 |
16.429 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
515.224 |
543.554 |
625.133 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.100 |
0.100 |
1.205 |
|
(b)
Inventories |
396.423 |
456.929 |
740.855 |
|
(c) Trade
receivables |
763.912 |
931.339 |
906.520 |
|
(d) Cash
and cash equivalents |
25.588 |
24.297 |
13.029 |
|
(e)
Short-term loans and advances |
125.700 |
95.848 |
107.725 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1311.723 |
1508.513 |
1769.334 |
|
|
|
|
|
|
TOTAL |
1826.947 |
2052.067 |
2394.467 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1034.400 |
1038.100 |
1427.100 |
|
|
Other Income |
68.400 |
103.000 |
65.900 |
|
|
TOTAL |
1102.800 |
1141.100 |
1493.000 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
TOTAL |
1301.800 |
1449.400 |
1489.700 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(165.500) |
(268.600) |
44.900 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
33.300 |
39.600 |
41.700 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(198.800) |
(308.200) |
3.200 |
|
|
|
|
|
|
|
|
TAX |
(50.400) |
(98.600) |
4.200 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(148.400) |
(209.600) |
(1.000) |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(10.89) |
(15.39) |
(0.07) |
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 flow from (used in) operation |
(198.876) |
(308.206) |
114.164 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(14.35) |
(20.19) |
(0.07) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(11.23) |
(15.22) |
0.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.40) |
(0.48) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.28 |
1.85 |
1.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
1.31 |
1.60 |
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 |
406.200 |
406.200 |
406.200 |
|
Reserves & Surplus |
447.666 |
238.096 |
89.666 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
853.866 |
644.296 |
495.866 |
|
|
|
|
|
|
long-term borrowings |
335.987 |
245.125 |
241.431 |
|
Short term borrowings |
845.508 |
945.302 |
890.673 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1181.495 |
1190.427 |
1132.104 |
|
Debt/Equity
ratio |
1.384 |
1.848 |
2.283 |
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 |
1427.100 |
1038.100 |
1034.400 |
|
|
|
(27.258) |
(0.356) |
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 |
1427.100 |
1038.100 |
1034.400 |
|
Profit |
(1.000) |
(209.600) |
(148.400) |
|
|
(0.07%) |
(20.19%) |
(14.35%) |
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) |
Yes |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 |
----- |
|
33 |
Market information |
----- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from F-3, South Extension, Part II, New Delhi, India to the present address w.e.f. 10.07.2006.
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from directors |
72.705 |
65.205 |
|
Loan and advances from others |
4.775 |
14.710 |
|
|
|
|
|
Total |
77.480 |
79.915 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10582152 |
29/06/2015 |
330,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, INDIA |
C59917575 |
|
2 |
10066445 |
30/07/2007 |
320,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK CONTROL, NARAIN MANZIL, 23, BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
A22089734 |
|
3 |
10002883 |
31/03/2014 * |
81,000,000.00 |
STATE BANK OF INDIA |
STATE BANK OF INDIA, SME BRANCH VATIKA FIRST INDIA PLACE, M.G.ROAD, GURGAON, Haryana - 122002, INDIA |
C05122676 |
|
4 |
10002234 |
16/02/2008 * |
173,500,000.00 |
STATE BANK OF INDIA |
CHANDNI CHOWK, NEW DELHI, Delhi - 110006, INDIA |
A34009639 |
|
5 |
80002905 |
26/08/2009 * |
310,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK
CONTROL, NARAIN MANZIL, 23 BARAKHAMBA Delhi - 110001, INDIA |
A68136449 |
|
6 |
80002907 |
26/08/2009 * |
310,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
A68136985 |
|
7 |
80013656 |
20/12/2012 * |
299,900,000.00 |
Union Bank of India |
SME Branch, SCO-13, Sector-14, Gurgaon, Haryana - 122001, INDIA |
B66014630 |
|
8 |
90054697 |
28/10/2002 |
19,000,000.00 |
CANARA BANK |
CHANDNI CHOWK, NEW DELHI, Delhi, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Furniture and
Fixtures
- Vehicles
- Office
Equipments
- Computer
Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 64.92 |
|
UK Pound |
1 |
Rs. 101.44 |
|
Euro |
1 |
Rs. 72.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
20 |
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.