MIRA INFORM REPORT
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Report No. : |
355048 |
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Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE TRADING LIMITED (w.e.f. 21.01.2014) |
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Formerly Known
As : |
RELIANCE TRENDS LIMITED (w.e.f. 07.12.2007) RELIANCE TRENDS PRIVATE LIMITED (w.e.f. 02.08.2007) RELIANCE TRADECOM PRIVATE LIMITED |
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Registered
Office : |
3rd Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao,
Mumbai – 400002, Maharashtra |
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Tel. No.: |
91-22-44816000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
13.12.2006 |
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Com. Reg. No.: |
11-166165 |
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Capital
Investment / Paid-up Capital : |
Rs.10.500 Million |
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CIN No.: [Company Identification
No.] |
U51909MH2006PLC166165 |
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IEC No.: |
0388066415 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACR5055K |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Subject is mainly engaged in organised retail in
India. (Registered activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a “Reliance Group Company”. It is an established company incorporated in the year 2006 having
satisfactory track record. Profit margin of the company is low. However, net worth of the company
is satisfactory. Balance sheet of the company is debt free. The rating also derives strength from its strong holding and its
experienced management. Trade relations are reported as fair. Business is active. Payment
terms are reported as usually correct and as per commitments. In view of strong promoters, the company can be considered normal 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
INFORMATION DECLINED
Management Non-Cooperative (Tel No.: 91-22-44770000)
LOCATIONS
|
Registered Office : |
3rd Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao,
Mumbai – 400002, Maharashtra, India |
|
Tel. No. : |
91-22-44770000 |
|
Fax No. : |
91-22-44771882 |
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E-Mail : |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Pankaj Mohan Pawar |
|
Designation : |
Director |
|
Address : |
302, Archana Saurabh, Plot No. 20, Sector 7, Koparkhairne, Navi Mumbai - 400709, Maharashtra, India |
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Date of Birth/Age : |
14.07.1972 |
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Qualification : |
BE, MBA |
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Date of Appointment : |
24.03.2012 |
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DIN No.: |
00085077 |
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|
|
|
Name : |
Mr. Sriram Srinivasan |
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Designation : |
Director |
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Address : |
354, 6th Main, I Block, Koramangala, Bangalore - 560034, Karnataka, India |
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Date of Birth/Age : |
02.12.1955 |
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Qualification : |
B-Tech, MBA Finance, Marketing |
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Date of Appointment : |
13.04.2012 |
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DIN No.: |
00473346 |
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|
|
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Name : |
Mr. Anand Balasundaram |
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Designation : |
Director |
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Address : |
D 814 Paradise, Raheja Vihar, Powai, Mumbai - 400072, Maharashtra, India |
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Date of Appointment : |
27.03.2015 |
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DIN No.: |
02792009 |
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|
|
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Name : |
Mr. Pradipta Kumar Mohapatra |
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Designation : |
Director |
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Address : |
11 A. B. M. Avenue, Chennai - 600028, Tamil Nadu, India |
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Date of Appointment : |
27.03.2015 |
|
DIN No.: |
00066239 |
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|
|
|
Name : |
Mr. Raman Seshadri |
|
Designation : |
Director |
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Address : |
Prabhat CHS, Flat #601, 415A, D K Sandu Marg, Road Mahalakshmi, Tiles Shop IN Basement, Chembur, Mumbai - 400071, Maharashtra, India |
|
Date of Appointment : |
01.12.2014 |
|
DIN No.: |
05244442 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on
|
Names of Shareholders |
No. of Shares |
|
Sudhakar
SaraswatulaJointly with Reliance Retail Limited, India |
1 |
|
Madhavan
Ganesan Jointly with Reliance Retail Limited, India |
1 |
|
A
Ramaswamy Jointly with Reliance Retail Limited, India |
1 |
|
Rajendra
Madhav Kamath Jointly with Reliance Retail Limited, India |
1 |
|
Subramaniam
VenkatachalamJointly with Reliance Retail Limited, India |
1 |
|
Sridhar
Kothandaraman Jointly with Reliance Retail Limited, India |
1 |
|
Reliance
Retail Limited, India |
1049994 |
|
Total |
1050000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is mainly engaged in organised retail in India. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 : |
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Auditors : |
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Name : |
Chaturvedi and Shah Chartered Accountants |
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Address : |
714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai - 400021, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFC0662N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
· Reliance Retail Limited (formerly Reliance Fresh Limited) CIN No.: U01100MH1999PLC120563 · Reliance Universal Ventures Limited CIN No.: U51109MH2007PLC167805 · Reliance Retail Ventures Limited (formerly Reliance Commercial Associates Limited) CIN No.: U51909MH2006PLC166166 |
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Ultimate Holding
Company : |
Reliance Industries Limited CIN No.: L17110MH1973PLC019786 |
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Subsidiary Company
: |
Reliance Trade Services Centre Limited * CIN No.: U51900MH2007PLC175636 * Amalgamated with Reliance Financial Distribution and Advisory Services Limited as per the Scheme of Amalgamation, effective 1st December, 2013 with Appointed Date being 1st April, 2012. |
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Fellow Subsidiary
Company : |
Reliance Corporate IT Park Limited CIN No.: U74140MH2001PLC131458 |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,210,000 |
Equity Shares |
Rs.10/- each |
Rs. 52.100 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
|
|
|
|
1,050,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.500 Million |
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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 |
10.500 |
10.500 |
10.500 |
|
(b) Reserves & Surplus |
10.930 |
9.046 |
(273.681) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’
Funds (1) + (2) |
21.430 |
19.546 |
(263.181) |
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|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
7771.182 |
|
(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 |
1.078 |
1.606 |
20.529 |
|
Total Non-current
Liabilities (3) |
1.078 |
1.606 |
7791.711 |
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(4) Current Liabilities |
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|
|
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(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
37.221 |
105.623 |
935.396 |
|
(c) Other
current liabilities |
5.852 |
0.745 |
291.155 |
|
(d) Short-term
provisions |
0.504 |
0.027 |
0.386 |
|
Total Current
Liabilities (4) |
43.577 |
106.395 |
1226.937 |
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|
|
|
|
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TOTAL |
66.085 |
127.547 |
8755.467 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed
Assets |
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|
|
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(i)
Tangible assets |
0.000 |
0.000 |
2708.618 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
465.481 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
21.598 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
124.876 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
3555.037 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
0.000 |
0.000 |
6875.610 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
1681.856 |
|
(c) Trade
receivables |
45.554 |
105.938 |
20.184 |
|
(d) Cash
and cash equivalents |
0.157 |
0.000 |
44.454 |
|
(e)
Short-term loans and advances |
20.374 |
21.609 |
133.329 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.034 |
|
Total
Current Assets |
66.085 |
127.547 |
1879.857 |
|
|
|
|
|
|
TOTAL |
66.085 |
127.547 |
8755.467 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1567.825 |
1690.776 |
4890.027 |
|
|
|
Other Income |
0.000 |
0.000 |
0.043 |
|
|
|
TOTAL (A) |
1567.825 |
1690.776 |
4890.070 |
|
|
|
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|
|
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Less |
EXPENSES |
|
|
|
|
|
|
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Purchases of Stock-in-Trade |
1506.824 |
1631.447 |
3754.729 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.000 |
0.000 |
(730.421) |
|
|
|
Employees benefits expense |
12.147 |
17.316 |
349.165 |
|
|
|
Other expenses |
46.526 |
43.745 |
1533.700 |
|
|
|
TOTAL (B) |
1565.497 |
1692.508 |
4907.173 |
|
|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
2.328 |
(1.732) |
(17.103) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.503 |
|
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|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.328 |
(1.732) |
(17.606) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.000 |
147.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
2.328 |
(1.732) |
(164.629) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.444 |
0.000 |
(51.096) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
1.884 |
(1.732) |
(113.533) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.000 |
1.099 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.79 |
(1.65) |
(108.13) |
|
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 |
0.642 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
0.157 |
(20.274) |
(800.330) |
|
Net cash flow from operating activity |
0.157 |
(20.274) |
(800.330) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.12 |
(0.10) |
(2.32) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.15 |
(0.10) |
(3.37) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.52 |
(1.36) |
(2.02) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
(0.09) |
0.63 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
(29.53) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
1.20 |
1.53 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
10.500 |
10.500 |
10.500 |
|
Reserves & Surplus |
(273.681) |
9.046 |
10.930 |
|
Net
worth |
(263.181) |
19.546 |
21.430 |
|
|
|
|
|
|
long-term borrowings |
7771.182 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
7771.182 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
(29.528) |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
4890.027 |
1690.776 |
1567.825 |
|
|
|
(65.424) |
(7.272) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
4890.027 |
1690.776 |
1567.825 |
|
Profit/ (Loss) |
(113.533) |
(1.732) |
1.884 |
|
|
(2.32%) |
(0.10%) |
0.12% |
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 |
|
|
17 |
Details of sister concerns |
No |
|
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 |
PRESS RELEASE
RELIANCE TRENDS
LAUNCHES POINT COVE BRAND
Reliance Trends today announced launch of brand Point Cove in collaboration with Cherokee Global Brands for apparels, accessories and footwear for children in the age group of 2-14.
Point Cove, created by Cherokee Global Brands' in-house design team, is a
California lifestyle brand, which offers colourful and fun-filled products.
Commenting on the development, Reliance Trends CEO Akhilesh Prasad said, "We are extremely impressed with the thought, creativity and professionalism of the Cherokee Global Brands team."
"Our customers have already begun to embrace Point Cove's unique, California essence and look forward to working with the entire Cherokee Global Brands team," he added.
Cherokee Global Brands President and COO Howard Siegel said, "We are very excited to jointly introduce, with our partner Reliance Trends, the Point Cove brand in India, while continuing to expand the organic growth of our infrastructure and our expanding portfolio of style-focused lifestyle brands."
The combination of our efforts with Reliance's strong sourcing, marketing and retail distribution is a definite formula for success, Siegel said.
OPERATIONAL REVIEW
The Company’s business operation comprise trading in consumer durables, apparel and other products. The Company achieved a turnover of Rs. 15.678 Million for the year as against Rs.16.907 Million for the previous year. The Company has made profit of Rs. 1.884 Million as against loss of Rs. 1.732 Million for the previous year.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10388004 |
31/10/2012 |
30,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
B62563267 |
|
2 |
10388008 |
31/10/2012 |
15,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
B62563937 |
|
3 |
10388007 |
31/10/2012 |
5,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
B62563614 |
|
4 |
10154318 |
30/03/2009 |
10,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A60806817 |
|
5 |
10154319 |
30/03/2009 |
5,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A60806825 |
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.66.84 |
|
|
1 |
Rs.100.57 |
|
Euro |
1 |
Rs.73.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.