MIRA INFORM REPORT
|
Report No. : |
332632 |
|
Report Date : |
17.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
GOLD STAR JEWELLERY PRIVATE LIMITED (w.e.f.12.03.2010) |
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|
|
|
Formerly Known
As : |
GOLD STAR JEWELLERY LIMITED (w.e.f.03.07.2003) GOLDSTAR JEWELLERY LIMITED GOLDSTAR JEWELLERY EXPORTS PRIVATE LIMITED |
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|
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Registered
Office : |
Block ‘C’ Plot 16P, 17, 28 and 29 (P) Seepz, Andheri (East), Mumbai –
400096, Maharashtra |
|
Tel. No.: |
91-22-66947000 |
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|
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Country : |
India |
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|
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Financials (as
on) : |
India |
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Date of
Incorporation : |
31.03.2014 |
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Com. Reg. No.: |
18.08.1990 |
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Capital
Investment / Paid-up Capital : |
11-056881 |
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CIN No.: [Company Identification
No.] |
U39611MH1990PTC056881 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG08117E |
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PAN No.: [Permanent Account No.] |
AAACG3264B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Diamond Studded Jewellery, Gold
Studded Jewellery. |
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|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
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 an established company having satisfactory track record. Rating reflects company’s healthy operational risk profile marked by
adequate financial base and fair profitability margins of the company. Rating also reflect company’s established market position in the gems
and Jewellery business, supported by its promoter’s extensive industry
experience and its relationships with customers. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
CRISIL |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
June 11, 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) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Anand |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-66947100 |
|
Date : |
16.07.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Block ‘C’ Plot 16P 17 28 and 29 (P) Seepz, Andheri (East), Mumbai –
400096, Maharashtra, India |
|
Tel. No.: |
91-22-66947000 |
|
Fax No.: |
91-22-28290255/ 28291257 |
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E-Mail : |
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|
Website : |
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|
|
|
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Branch Office 1 : |
Royal Star Arcade, Plot No.- 8, Western Industrial Estate, Opposite
SEEPZE- SEZ, M.I.D.C. Andheri (East), Mumbai - 400093, Maharashtra, India |
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Tel. No.: |
91-22-66947100/ 28251505 |
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Fax No.: |
91-22-28303114 |
|
Email : |
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|
|
|
|
Branch Office 2 : |
Gold Star Diamond Private Limited SE4011, 4th Floor, F Tower, Bharat Diamond Bourse, BKC, Bandra-E,
Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-67300000 |
|
Email : |
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|
Website : |
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|
|
|
Overseas Offices : |
Located at:
·
Japan |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ashish Vinodrai Shah |
|
Designation : |
Managing director |
|
Address : |
19/2, Suvarna Nagar, Soni House,
N.S. Road No.4, JVPD Scheme, Vile Parle (West), Mumbai - 400056, Maharashtra,
India |
|
Date of Birth/Age : |
04.05.1970 |
|
Date of Appointment : |
01.05.2009 |
|
PAN No.: |
AMNPS2341B |
|
Voter ID : |
MT/08/038/297123 |
|
DIN No.: |
00007729 |
|
|
|
|
Name : |
Mr. Alkesh Satish Shah |
|
Designation : |
Director |
|
Address : |
04, Aryavarta ND Road, Nepean
Sea Road, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
06.02.1970 |
|
Date of Appointment : |
29.09.2003 |
|
PAN No.: |
AAHPS1762J |
|
DIN No.: |
00004149 |
KEY EXECUTIVES
|
Name : |
Mr. Bhupendra |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Satish Ratilal Shah |
1951990 |
46.59 |
|
Alkesh Satish Shah |
515000 |
12.29 |
|
Sanjay Satish Shah |
420000 |
10.02 |
|
Hansaben Satish Shah |
145000 |
3.46 |
|
Smita Alkesh Shah |
47000 |
1.12 |
|
Shewta Sanjay Shah |
33000 |
0.79 |
|
Sanjay Satish Shah |
685000 |
16.35 |
|
Satish Ratilal Shah |
393000 |
9.38 |
|
Shyam Sanjay Shah |
10 |
0.00 |
|
|
|
|
|
Total |
4,190,000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importers of Diamond Studded Jewellery,
Gold Studded Jewellery. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Polish Diamond |
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Countries : |
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Imports : |
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Products : |
Rough Diamond |
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Countries : |
USA |
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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 : |
300 (Approximately) |
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Bankers : |
· State Bank of India, Consortium Seepz Branch, Andheri (East), Mumbai - 400096, Maharashtra, India · Bank of India, Seepz Mid Corporate Branch, Behind Seepz Services Centre, Marol Industrial Area, Seepz, Mumbai – 400096, Maharashtra, India · New India Co-Operative Bank, New India Bhavan, Anant Vishram Nagwekar Marg, Babasaheb Worlikar Chowk, Prabhadevi, Mumbai – 400025, Maharashtra, India · SBI Consortium, Seepz Branch, Andheri (East), Mumbai – 400096, Maharashtra, India · The Bank of Nova Scotia · Axis Bank Limited · HDFC Bank Limited · ICICI Bank Limited
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Facilities : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
B.J. Shah and Associates Chartered Accountants |
|
Address : |
203/A/1, Modern Apartment, Garden Lane, Ghatkopar (West),
Mumbai – 400086, Maharashtra, India |
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PAN No.: |
AAHPS5959D |
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|
|
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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Associates : |
·
Gold Star Diamond Private Limited ·
Mindtech Solution Private Limited ·
Goldstar Corporate Solution Private Limited ·
Diam Star Jewellery India Private Limited ·
Gold Star Centroquattro Jewellery Private Limited ·
Jouel Sculpt Private Limited ·
Gold Star Jewellery LLC ·
Gold Star Independent LLC
|
CAPITAL STRUCTURE
As On 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4,190,000 |
Equity Shares |
Rs. 10/-
each |
Rs. 41.900
Millions |
|
|
|
|
|
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 |
41.900 |
41.900 |
41.900 |
|
(b) Reserves & Surplus |
934.789 |
814.162 |
711.121 |
|
(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) |
976.689 |
856.062 |
753.021 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
38.103 |
41.180 |
42.996 |
|
(b) Deferred tax liabilities (Net) |
22.489 |
25.058 |
25.128 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.039 |
1.058 |
0.084 |
|
Total Non-current
Liabilities (3) |
61.631 |
67.296 |
68.208 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
884.764 |
889.564 |
627.157 |
|
(b) Trade
payables |
815.548 |
1274.155 |
1245.160 |
|
(c) Other
current liabilities |
15.745 |
33.851 |
32.566 |
|
(d) Short-term
provisions |
6.762 |
15.236 |
18.211 |
|
Total Current
Liabilities (4) |
1722.819 |
2212.806 |
1923.094 |
|
|
|
|
|
|
TOTAL |
2761.139 |
3136.164 |
2744.323 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
171.560 |
190.077 |
187.986 |
|
(ii)
Intangible Assets |
1.190 |
1.447 |
1.795 |
|
(iii)
Capital work-in-progress |
13.429 |
26.118 |
38.806 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
33.182 |
33.974 |
10.375 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.809 |
7.882 |
20.100 |
|
(e) Other
Non-current assets |
0.000 |
1.833 |
24.954 |
|
Total Non-Current
Assets |
226.170 |
261.331 |
284.016 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
777.763 |
1285.456 |
1321.239 |
|
(c) Trade
receivables |
1443.854 |
1452.074 |
1035.133 |
|
(d) Cash
and cash equivalents |
140.006 |
48.499 |
44.758 |
|
(e)
Short-term loans and advances |
120.303 |
78.481 |
51.556 |
|
(f) Other
current assets |
53.043 |
10.323 |
7.621 |
|
Total
Current Assets |
2534.969 |
2874.833 |
2460.307 |
|
|
|
|
|
|
TOTAL |
2761.139 |
3136.164 |
2744.323 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
4937.644 |
4885.168 |
5099.936 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
4751.586 |
4730.533 |
5015.083 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
186.058 |
154.635 |
84.853 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
65.431 |
51.594 |
28.797 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
120.627 |
103.041 |
56.056 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
691.759 |
588.718 |
532.662 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
812.386 |
691.759 |
588.718 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
3655.510 |
2769.188 |
|
|
TOTAL EARNINGS |
NA |
3655.510 |
2769.188 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
1408.045 |
1345.638 |
|
|
|
Stores & Spares |
NA |
17.803 |
13.459 |
|
|
|
Capital Goods |
NA |
7.141 |
1.735 |
|
|
TOTAL IMPORTS |
NA |
1432.989 |
1360.832 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
28.79 |
24.59 |
13.38 |
|
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 |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.85 |
5.03 |
3.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.18 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.94 |
1.09 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47 |
1.30 |
1.28 |
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 |
41.900 |
41.900 |
41.900 |
|
Reserves & Surplus |
711.121 |
814.162 |
934.789 |
|
Net
worth |
753.021 |
856.062 |
976.689 |
|
|
|
|
|
|
long-term borrowings |
42.996 |
41.180 |
38.103 |
|
Short term borrowings |
627.157 |
889.564 |
884.764 |
|
Total
borrowings |
670.153 |
930.744 |
922.867 |
|
Debt/Equity
ratio |
0.890 |
1.087 |
0.945 |
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) |
|
Total Income |
5099.936 |
4885.168 |
4937.644 |
|
|
|
(4.211) |
1.074 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
5099.936 |
4885.168 |
4937.644 |
|
Profit |
56.056 |
103.041 |
120.627 |
|
|
1.10% |
2.11% |
2.44% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10382656 |
05/10/2012 |
538,900,000.00 |
State Bank of India |
SEEPZ, ANDHERI (EAST),
Mumbai, Maharashtra - 40009 |
B60507670 |
|
2 |
10314268 |
14/10/2011 |
38,250,000.00 |
New India Co-op Bank Ltd |
New India Bhavan,
Anant Vishram Nagwekar Marg,, B Maharashtra - 400025, INDIA |
B23966187 |
|
3 |
10209850 |
22/03/2010 |
80,000,000.00 |
BANK OF INDIA |
SEEPZ BRANCH,MIDC SEEPZ, ANDHERI-WEST, MUMBAI, Maharashtra - 400096, INDIA |
A82187063 |
|
4 |
10067624 |
05/09/2013 * |
1,020,000,000.00 |
State Bank of India (Consoritum Lead Bank) |
Seepz Branch, New Banking Building,, Seepz, Andheri (East),, Mumbai, Maharashtra - 400096, INDIA |
B86154895 |
|
5 |
10072815 |
16/08/2013 * |
1,020,000,000.00 |
SBI Consortium |
Seepz Branch, Andheri (E), Mumbai, Maharashtra - 400096, INDIA |
B96150628 |
|
6 |
90154872 |
01/02/2003 |
75,000,000.00 |
BANK OF INDIA |
SEEPZ BRANCH; ANDHERI (E), MUMBAI, Maharashtra - 400096, INDIA |
- |
|
7 |
90153947 |
31/01/2003 |
75,000,000.00 |
BANK OF INDIA |
SEEPZ; ANDHERI (E), MUMBAI, Maharashtra - 400096, |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
88.661 |
201.566 |
|
|
|
|
|
Total |
88.661 |
201.566 |
FIXED ASSETS
- Land
- Buildings
- Office
Building
- Plant and
Equipment
- Furniture and
Fixture
- Vehicles
- Computer
Equipment
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. 63.50 |
|
UK Pound |
1 |
Rs. 99.17 |
|
Euro |
1 |
Rs. 69.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.