MIRA INFORM REPORT

 

 

Report No. :

355518

Report Date :

19.12.2015

 

IDENTIFICATION DETAILS

 

Name :

TRAVEL TOURS PRIVATE LIMITED

 

 

Registered Office :

No.1/1, Millers Archade, Millers Road, Vasantha Nagar, Bangalore – 560052, Karnataka

Tel. No.:

91-80-43232929

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

07.10.1981

 

 

Com. Reg. No.:

08-004428

 

 

Capital Investment / Paid-up Capital :

Rs.2.415 Million

 

 

CIN No.:

[Company Identification No.]

U62100KA1981PTC004428

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BLRT00314G

 

 

PAN No.:

[Permanent Account No.]

AAACT5437H

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged into providing tour and travels services.

 

 

No. of Employees :

220 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

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 :

Clear

 

 

Comments :

Travel Tours Private Limited was incorporated in the year 1981, it is a service provider of tour and travels having satisfactory track record.

 

Rating on company reflects its healthy operational activities along with decent profitability margin of 1.17% during FY-14. The company liquidity is strong along with comfortable debt protection metrics.

 

Rating further derives strength on company’s experienced promoters and long track record of company in tours and travel business.

 

This rating strength is partially offsets by the intense competition in this industry, along with organized and unorganized players in the market.

 

Trade relations are fair. Business is active. Payment terms are reported to be usually correct.

 

The company can be considered for business dealing at usual trade terms and conditions.

 

Note:

Management of the company has not filed its financial with the government department for the year 2015.

 

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

 

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 PARTED BY

 

Name :

Mr. Subramaniam

Designation :

Assistant General Manager - Finance

Contact No.:

91-80-43232929

Date :

16.12.2015

 

 

 

LOCATIONS

 

Registered / Corporate Office :

No.1/1, Millers Archade, Millers Road, Vasantha Nagar, Bangalore – 560052, Karnataka, India

Tel. No.:

91-80-43232929 / 22287027

Fax No.:

91-80-22287029

E-Mail :

ttpl@traveltours.in

Website :

www.traveltours.in

Location :

Owned

Locality :

Commercial

 

 

Branch Office :

Located At (India) :

 

  • Bangalore
  • Chennai
  • Delhi
  • Hyderabad
  • Goa
  • Ahmedabad
  • Kolkata
  • Coimbatore
  • Kochi
  • Mumbai
  • Pune

 

Located At (Overseas) :

 

  • Sri Lanka

 

 

DIRECTORS

 

As on 31.03.2015

 

Name :

Mr. Prasanna Kumar

Designation :

Director

Address :

15, ‘Sooraj’, Bank of Baroda Colony, Putthenahalli, JP Nagar, 7th Phase, Bangalore – 560078, Karnataka, India

Date of Birth/Age :

23.03.1954

Date of Appointment :

07.10.1981

DIN No.:

00687644

 

Other Directorship :

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U62100KA1981PTC004428

TRAVEL TOURS PRIVATE LIMITED

Director

07/10/1981

07/10/1981

-

Active

NO

2

U63040GA2003PTC003295

SPLENDOUR HOLIDAYS PRIVATE LIMITED

Director

09/09/2011

14/07/2011

-

Active

NO

 

 

Name :

Mr. Shravan Gupta

Designation :

Director

Address :

10, Gupta Layout, 1st Cross, South End Road, Basavanagudi, Bangalore – 560004, Karnataka, India

Date of Birth/Age :

20.11.1974

Date of Appointment :

20.09.2003

DIN No.:

00658470

Other Directorship :

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U62100KA1981PTC004428

TRAVEL TOURS PRIVATE LIMITED

Director

20/09/2003

20/09/2003

-

Active

NO

2

U62100KA1977PTC003235

TRAVEL-AIR PRIVATE LIMITED

Managing director

01/11/2003

01/11/2003

-

Active

NO

3

U55109KA2007PTC043976

CREST RESORTS AND HOSPITALITY PRIVATE LIMITED

Director

27/09/2007

27/09/2007

-

Active

NO

4

U93000KA2009PTC049900

MIGRADOCS IMMIGRATION CONSULTANTS PRIVATE LIMITED

Director

21/05/2009

21/05/2009

-

Active

NO

5

U74900KA2010PTC054228

Getoff Adventure Tours (India) Private Limited

Director

25/06/2010

25/06/2010

-

Active

NO

6

U63040KA2010PTC054819

Travel Air Representations And Marketing Private Limited

Director

18/08/2010

18/08/2010

-

Strike off

NO

7

U63040GA2003PTC003295

SPLENDOUR HOLIDAYS PRIVATE LIMITED

Director

09/09/2011

14/07/2011

-

Active

NO

8

AAA-3585

GBG HOSPITALITY LLP

Designated Partner

28/01/2011

28/01/2011

-

Active

NO

 

 

Name :

Ms. Nirmala Gupta

Designation :

Director

Address :

10, Gupta Layout, 1st Cross, South End Road, Basavanagudi, Bangalore – 560004, Karnataka, India

Date of Birth/Age :

25.07.1944

Date of Appointment :

01.01.2002

DIN No.:

01028840

Other Directorship :

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U62100KA1981PTC004428

TRAVEL TOURS PRIVATE LIMITED

Managing director

01/01/2002

01/01/2002

-

Active

NO

2

U63040KA2010PTC054819

Travel Air Representations And Marketing Private Limited

Director

18/08/2010

18/08/2010

-

Strike off

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Subramaniam

Designation :

Assistant General Manager - Finance

 

 

MAJOR SHAREHOLDERS

 

As on 30.09.2014

 

Names of Shareholders (Equity Shares)

 

No. of Shares

Nirmala Gupta

 

14000

Shravan Gupta

 

5960

Prasanna Kumar

 

1040

Bennett Coleman and Company

 

2308

Total

 

23308

 

Names of Shareholders (Preference Shares)

 

No. of Shares

Bennett Coleman and Company

 

842

Total

 

842

 

As on 30.09.2014

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Bodies corporate

9.90

Directors or relatives of Directors

90.10

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged into providing tour and travels services.

 

 

Products / Service :

Product / Service Description

Item Code No. (ITC Code)

Domestic and international air ticketing with all travel related services

99855110

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash and Advance Payment

 

 

Purchasing :

Cash and Advance Payment

 

PRODUCTION STATUS = NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

220 (Approximately)

 

 

Bankers :

Banker Name

State Bank of India

Branch Address

Bangalore city Branch, Karnataka, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

  • Yes Bank Limited, Kasturba Road, Bangalore, Karnataka, India

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Rupee term loans from banks

9.370

17.605

SHORT TERM BORROWING

 

 

Term loans from banks

43.071

45.809

Total

52.441

63.414

 

Auditors :

 

Name :

Ashok Kumar and Prabhashankar and Company

Chartered Accountants

Address :

S-2, Narayana 25, Mission Road, Shama Rao Compound, Bangalore – 560027, Karnataka, India

PAN No.:

AAAFK9286G

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Subsidiaries :
  • Migradocs Immigration Consultants Private Limited, India
  • Splendour Holidays Private Limited, India

 

 

Associates :
  • Travel-Air Private Limited, India
  • Travel Air Representations and Marketing Private Limited, India

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

25000

Equity Shares

Rs.100/- each

Rs.2.500 Million

5000

Preference Shares

Rs.100/- each

Rs.0.500 Million

 

Total

 

Rs.3.000 Million

 

Issued, Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

23308

Equity Shares

Rs.100/- each

Rs.2.331 Million

842

Preference Shares

Rs.100/- each

Rs.0.084 Million

 

Total

 

Rs.2.415 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

2.415

2.415

2.415

(b) Reserves & Surplus

220.338

178.597

169.721

(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)

222.753

181.012

172.136

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

9.370

17.605

27.503

(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

6.580

9.259

6.005

Total Non-current Liabilities (3)

15.950

26.864

33.508

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

43.071

48.809

42.316

(b) Trade payables

67.615

88.312

83.158

(c) Other current liabilities

111.050

99.256

68.227

(d) Short-term provisions

1.106

0.954

1.961

Total Current Liabilities (4)

222.842

237.331

195.662

 

 

 

 

TOTAL

461.545

445.207

401.306

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

63.913

60.927

63.463

(ii) Intangible Assets

0.087

0.191

0.116

(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

55.240

45.241

35.261

(c) Deferred tax assets (net)

2.231

3.044

2.348

(d)  Long-term Loan and Advances

17.349

27.858

27.167

(e) Other Non-current assets

26.820

14.281

0.041

Total Non-Current Assets

165.640

151.542

128.396

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

6.429

9.094

10.008

(b) Inventories

1.592

1.845

2.335

(c) Trade receivables

135.382

139.062

140.981

(d) Cash and cash equivalents

103.512

92.909

84.638

(e) Short-term loans and advances

48.882

50.510

34.806

(f) Other current assets

0.108

0.245

0.142

Total Current Assets

295.905

293.665

272.910

 

 

 

 

TOTAL

461.545

445.207

401.306

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

Income

 

 

 

 

Other Income

 

 

 

 

TOTAL

3612.641

2869.929

201.998

 

 

 

 

 

 

EXPENSES

3557.290

2856.143

184.646

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

60.419

13.786

17.439

 

 

 

 

 

 

TAX

17.973

4.204

4.789

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

42.446

9.582

12.650

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

15.398

15.398

27.025

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

1821.09

411.10

542.73

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

3940.000

 

Expected Sales (2015-2016): Rs.4200.000 Million

 

The above information has been parted by Mr. Subramaniam (Assistant General Manager – Finance)

 

 

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

50.622

61.173

NA

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Total Income)

(%)

1.17

0.33

6.26

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

14.95

3.47

4.79

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.27

0.08

0.10

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

0.24

0.37

0.41

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.33

1.24

1.39

 

 

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

2.415

2.415

2.415

Reserves & Surplus

169.721

178.597

220.338

Net worth

172.136

181.012

222.753

 

 

 

 

long-term borrowings

27.503

17.605

9.370

Short term borrowings

42.316

48.809

43.071

Total borrowings

69.819

66.414

52.441

Debt/Equity ratio

0.406

0.367

0.235

 

 

 

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

201.998

2869.929

3612.641

 

 

1,320.771

25.879

 

 

 

 

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

201.998

2869.929

3612.641

Profit

12.650

9.582

42.446

 

6.26%

0.33%

1.17%

 

 

 

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

Yes

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

No

26

Turnover of firm for last four years

Yes

27

Reasons for variation <> 20%

----------------------

28

Estimation for coming financial year

Yes

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

SHORT TERM BORROWING

 

 

Loans and advances from related parties

0.000

3.000

Total

0.000

3.000

 

 

INDEX OF CHARGES

 

S. NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10268831

04/02/2011

40,000,000.00

CORPORATION BANK

N. T. ROAD BRANCH, BANGALORE, KARNATAKA - 560001, INDIA

B06981385

2

90192157

26/08/2013 *

60,000,000.00

STATE BANK OF INDIA

BANGALORE CITY BRANCH, NO. 22, J.C. ROAD, BANGALORE, KARNATAKA - 560002, INDIA

B87654190

 

* Date of charge modification

 

BUSINESS

 

The year March 31, 2014 was an eventful. Though there is stiff competition in the market, we have maintained our income level more than previous year, and made the profit almost doubled twice with that of the previous year. They see growth in the Leisure travel and we are leveraging on this growth trend to grow their business for years to come.

 

OPERATIONS REVIEW

 

The Travel and Tourism Industry has maintained a steady pace of recovery from the after effects of economic recession. Customers remained cautious while spending on their travel and foreign exchange requirements. The Company continued its focus on launching new and innovative products, while maintaining its concentration on acquisition of new clients and providing un-paralleled customer service, which led to maintain moderate business volumes.

 

The employees are putting up their fullest effort to meet the changing needs of the customers and to ensure seamless delivery.

 

The efforts to fortify the structure will continue in the coming year as well cost management through efficiency and productivity improvement leading to bottom-line growth.

 

Inbound tourism market has expanded due to efforts of government to promote tourist attractions in India. The Company expanded its Foreign Exchange department in its branch offices across country to meet a wide range of customer needs.

 

The Company recorded total revenue of Rs. 361.264 Million and profit Rs.60.419 Million before tax with profit after tax being Rs. 42.446 Million for the year ended 31st March, 2014. The basic Earning Per Share (EPS) of the Company is Rs. 1821.12.

 

 

FIXED ASSETS

 

  • Land
  • Buildings
  • Plant and equipment
  • Furniture and fixtures
  • Vehicles
  • Office equipment
  • Computer equipment’s

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.66.99

UK Pound

1

Rs.101.78

Euro

1

Rs.73.46

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

KYP

 

 

Report Prepared by :

PNM

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY 

1~10

6

--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

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

 

48

 

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

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.