MIRA INFORM REPORT
|
Report No. : |
324546 |
|
Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
TECHNO KART INDIA LIMITED (w.e.f. 26.04.2007) |
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Formerly Known
As : |
NEXT RETAIL INDIA LIMITED (w.e.f.22.12.2014) E MART INDIA LIMITED |
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Registered
Office : |
Auto Cars Compund Adalat Road, Aurangabad – 431005, Maharashtra, India
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Tel. No.: |
91-124-4817700 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
04.12.2003 |
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Com. Reg. No.: |
11-143371 |
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Capital
Investment / Paid-up Capital : |
Rs.1112.000 Million |
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CIN No.: [Company Identification
No.] |
U93000MH2003PLC143371 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged specializes in organized retailing of consumer
electronics, small home appliances and mobile phones. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is established company and it is having moderate track record. Company have reported minimal increase in its total income, rating is
constrained on account of company’s moderate financial risk profile market by
its negative reserves. Company have incurred continues losses from its
operation over two years. Due to huge external borrowing taken by the company it has threatened
the liquidity position of the company. Trade relation are fair. Business is active. Payments are reported to be
slow but correct. The company can be considered for business dealings with some caution. |
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Sachin |
|
Designation : |
Accountant |
|
Contact No.: |
91-124-4817700 |
|
Date : |
28.05.2015 |
LOCATIONS
|
Registered Office : |
Auto Cars Compund Adalat Road, Aurangabad – 431005, Maharashtra, India
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Head Office : |
3rd Floor, Adeshwar Arcade, Andheri-Kurla Road, Andheri (East),
Mumbai – 400093, Maharashtra, India |
|
Mobile No.: |
91-7498218860 |
|
Website : |
DIRECTORS
As on : 27.09.2013
|
Name : |
Mr. Raman Soundrarajan Krishnamachari |
|
Designation : |
Director |
|
Address : |
67, Mysore Colony, R.C.F. P.O. Chembur, Mumbai – 400074, Maharashtra,
India |
|
Date of Birth/Age : |
17.07.1947 |
|
Date of Appointment : |
06.11.2004 |
|
DIN No.: |
00096768 |
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|
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Name : |
Mr. Karwa Jugalkishor Sanjay |
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Designation : |
Director |
|
Address : |
39, Ahinsha Nagar, Aurangabad – 431001, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1967 |
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Date of Appointment : |
06.01.2012 |
|
DIN No.: |
03602469 |
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|
|
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Name : |
Mr. Bang Kedarnath Rajendra |
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Designation : |
Director |
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Address : |
Mohan Bag, Delhi gate, Aurangabad – 414001, Maharashtra, India |
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Date of Birth/Age : |
22.09.1962 |
|
Date of Appointment : |
02.09.2013 |
|
DIN No.: |
02780144 |
KEY EXECUTIVES
|
Name : |
Mr. Sachin |
|
Designation : |
Accountant |
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|
|
|
Name : |
Mr. Bipinchandra Joglekar Madhav |
|
Designation : |
Secretary |
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Address : |
Plot No. 39, Manas, Sudarshan Nagar, Chinchwad – 411033, Pune,
Maharashtra, India |
|
Date of Birth/Age : |
01.01.1967 |
|
Date of Appointment : |
10.09.2012 |
|
PAN No.: |
AMXPJ2768D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Platinum Appliances Private Limited, Ahmednagar |
|
36000 |
|
Synergy Appliances Private Limited, Ahmednagar |
|
36000 |
|
Tangent Electronics Private Limited, Mumbai |
|
30036000 |
|
Videocon Industries Limited, Aurangabad |
|
21036000 |
|
Greenfield Appliances Private Limited, Ahmednagar |
|
36000 |
|
Indian Refrigerator Company Limited, Aurangabad |
|
20020000 |
|
Applicomp (India) Limited, Ahmednagar |
|
15000000 |
|
Electroparts (India) Private Limited, Ahmednagar |
|
10000000 |
|
TekCare India Private Limited, Aurangabad |
|
5000000 |
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Anirudha V. Dhoot, Mumbai |
|
2000000 |
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Saurabh P. Dhoot, Aurangabad |
|
2000000 |
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Venugopal N. Dhoot, Mumbai |
|
2000000 |
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Pradipkumar N. Dhoot, Mumbai |
|
2000000 |
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Rajkumar N. Dhoot, Aurangabad |
|
2000000 |
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Total |
|
111200000 |
Equity Share Break up (Percentage of Total Equity)
As on : 27.09.2013
|
Category |
Percentage |
|
Bodies corporate |
91.01 |
|
Other top fifty shareholders |
8.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged specializes in organized retailing of consumer
electronics, small home appliances and mobile phones. |
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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 : |
Dena Bank, 1st Floor, Dena Bank Building, Horniman Circle.
Fort, Mumbai – 400023, Maharashtra, India Allahabad Bank, Industrial Finance Branch, 2nd Floor, 37,
Mumbai Samachar Marg, Fort, Mumbai – 400023, Maharashtra, India |
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Facilities : |
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Financial
Institutions : |
SBICAP Trustee Ccompany Limited, 202, Market Tower E, Cuffe Parade, Colaba, Mumbai – 400005, Maharashtrwa, India |
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Auditors : |
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Name : |
KSS and Company Chartered Accountants |
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Address : |
3801, Barde Lane, Navi Peth, Ahmednagar- 41400, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFK3397A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on : 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125000000 |
Equity Shares |
Rs.10/- each |
Rs.1250.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
111200000 |
Equity Shares |
Rs.10/- each |
Rs.1112.000
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 |
|
|
|
|
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I.
EQUITY AND LIABILITIES |
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|
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(1)Shareholders' Funds |
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|
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(a) Share Capital |
1112.000 |
1112.000 |
1112.000 |
|
(b) Reserves & Surplus |
(98.553) |
85.017 |
362.416 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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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) |
1013.447 |
1197.017 |
1474.416 |
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1839.000 |
1857.900 |
0.000 |
|
(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 |
4.527 |
4.130 |
5.009 |
|
Total
Non-current Liabilities (3) |
1843.527 |
1862.030 |
5.009 |
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(4) Current Liabilities |
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|
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|
(a) Short term borrowings |
3714.987 |
3799.696 |
7386.558 |
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(b) Trade payables |
1680.034 |
1545.081 |
1566.509 |
|
(c) Other current liabilities |
224.392 |
235.766 |
367.276 |
|
(d) Short-term provisions |
0.830 |
0.736 |
0.920 |
|
Total
Current Liabilities (4) |
5620.243 |
5581.279 |
9321.263 |
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|
|
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TOTAL |
8477.217 |
8640.326 |
10800.688 |
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II.
ASSETS |
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|
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(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
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(i) Tangible assets |
498.042 |
535.457 |
499.307 |
|
(ii) Intangible Assets |
5.092 |
1.840 |
1.676 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
54.920 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.090 |
2.090 |
2.090 |
|
(c) Deferred tax assets (net) |
214.551 |
132.331 |
13.998 |
|
(d) Long-term Loan and Advances |
201.616 |
324.846 |
339.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
921.391 |
996.564 |
910.991 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4344.310 |
4310.381 |
4397.940 |
|
(c) Trade receivables |
2519.071 |
2641.347 |
2453.718 |
|
(d) Cash and cash equivalents |
169.520 |
187.551 |
262.830 |
|
(e) Short-term loans and
advances |
437.504 |
430.991 |
2652.695 |
|
(f) Other current assets |
85.421 |
73.492 |
122.514 |
|
Total
Current Assets |
7555.826 |
7643.762 |
9889.697 |
|
|
|
|
|
|
TOTAL |
8477.217 |
8640.326 |
10800.688 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
11188.882 |
10709.794 |
12271.306 |
|
|
Other Income |
13.184 |
9.977 |
16.945 |
|
|
TOTAL
(A) |
11202.066 |
10719.771 |
12288.251 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
9839.515 |
8823.528 |
10250.136 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(70.692) |
120.321 |
(438.700) |
|
|
Extraordinary Items before tax
|
0.000 |
0.000 |
53.100 |
|
|
Employees benefits expense |
204.547 |
241.260 |
303.335 |
|
|
Other expenses |
647.761 |
864.252 |
1265.345 |
|
|
TOTAL
(B) |
10621.131 |
10049.361 |
11433.216 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
580.935 |
670.410 |
855.035 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
799.198 |
1020.175 |
981.798 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(218.263) |
(349.765) |
(126.763) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
49.013 |
45.633 |
4.057 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(267.276) |
(395.398) |
(130.820) |
|
|
|
|
|
|
|
Less |
TAX (H) |
(83.706) |
(117.999) |
(34.480) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(183.570) |
(277.399) |
(96.340) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(1.65) |
(2.49) |
(1.19) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
18.900 |
22.650 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(1.64) |
(2.59) |
(0.79) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.19 |
6.26 |
6.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.24) |
(4.65) |
(1.22) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.26) |
(0.33) |
(0.09) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.48 |
4.73 |
5.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.37 |
1.06 |
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 |
1112.000 |
1112.000 |
1112.000 |
|
Reserves & Surplus |
362.416 |
85.017 |
-98.553 |
|
Net
worth |
1474.416 |
1197.017 |
1013.447 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
1857.900 |
1839.000 |
|
Short term borrowings |
7386.558 |
3799.696 |
3714.987 |
|
Current Maturities of
Long-Term Debts |
0.000 |
22.650 |
18.900 |
|
Total
borrowings |
7386.558 |
5680.246 |
5572.887 |
|
Debt/Equity
ratio |
5.010 |
4.745 |
5.499 |
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 |
12271.306 |
10709.794 |
11188.882 |
|
|
|
(12.725) |
4.473 |
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 |
12271.306 |
10709.794 |
11188.882 |
|
Profit |
(96.340) |
(277.399) |
(183.570) |
|
|
(0.79%) |
(2.59%) |
(1.64%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS AND
OPERATIONS:
During the year remove, the Company has earned a total income of Rs. 11202.060 million as against Rs. 10719.770 million for the previous year. Total Expenditure amounted to Rs. 11469.340 million as against Rs. 11115.160 for the previous year. The Company has incurred a net loss of Rs. 183.570 million as against a loss of Rs. 277.400 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 |
10414628 |
15/07/2014 * |
201,950,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,, COLABA,, MUMBAI, Maharashtra -
400005, INDIA |
C15504707 |
|
2 |
10394870 |
13/12/2012 |
5,000,000,000.00 |
ALLAHABAD BANK |
Industrial Finance Branch, 2nd Floor, 37,, Mumbai |
B65127904 |
|
3 |
10362310 |
14/06/2012 |
25,000,000,000.00 |
CENTRAL BANK OF INDIA |
IFB, Chander Mukhi,, Ground Floor, Nariman Point, |
B42305680 |
|
4 |
10352181 |
30/04/2012 |
6,500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B38389136 |
|
5 |
10353434 |
24/04/2012 |
7,500,000,000.00 |
STATE BANK OF INDIA |
Corporate Accounts Group Branch, Neville House,, |
B38853230 |
|
6 |
10337615 |
18/02/2012 |
30,250,000,000.00 |
IDBI Bank Limited |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, Maharashtra - 400005,
INDIA |
B32984353 |
|
7 |
10305803 |
22/07/2011 |
900,000,000.00 |
Allahabad Bank |
Industrial Finance Branch, Allahabad Bank Building |
B20324794 |
|
8 |
10088875 |
06/02/2008 |
3,200,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
Asian Bldg., Ground Floor, 17, R. Kamani Marg, Ballard Estate, MUMBAI-
400 001., Maharashtra – 400001, INDIA |
A32947699 |
|
9 |
10089876 |
14/10/2011 * |
5,519,000,000.00 |
IDBI Bank Limited |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, Maharashtra - 400005,
INDIA |
B23232408 |
FIXED ASSETS
- Land
- Building
- Office
Building
- Plant and
Equipment
- Furniture and
Fixture
- Vehicles
- Motor
Vehicles
- Office
Equipment
- 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,
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.63.76 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
29 |
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.