MIRA INFORM REPORT
|
Report No. : |
328843 |
|
Report Date : |
24.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
VEMB LIFESTYLE PRIVATE LIMITED (w.e.f. 07.01.2011) |
|
|
|
|
Formerly Known
As : |
VAISHALI GARMENTS PRIVATE LIMITED |
|
|
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|
Registered Office
: |
D-13, Ansa Industrial Estate, Sakinaka, Andheri (East), Mumbai –
400072, Maharashtra |
|
Tel. No.: |
91-22-26841653 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
05.07.2005 |
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|
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Com. Reg. No.: |
11-154498 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs. 48.825 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101MH2005PTC154498 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMV12719A |
|
|
|
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PAN No.: [Permanent Account No.] |
AACCV0704F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Hand Embroidered Fashion Garments. |
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|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
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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|
|
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Litigation : |
Exist |
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Comments : |
Subject was incorporated on 5th July 2005, its established company having satisfactory track record. VLPL is primarily engaged in preparing handmade embroidery for fashion fabric which is outsourced to various artisans across India. It is also engaged in merchandising of garments for various brands, retailing of ready-made garments and fabric and trading of fabric. The ratings assigned to VEMB Lifestyle Private Limited (VLPL) derive strength from the promoters experience and established track record and significant growth in the operations during FY14. The ratings however, are constrained by relatively low and volatile profitability margin and cyclical nature of the industry marked by moderate capital structure and debt servicing parameters. However, trade relations are fair. Business is active. Payment terms are reported as usually correct. In view of established track record backed by experienced promoter, the subject 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
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Ms. Nayana |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9702109540 |
|
Date : |
23.06.2015 |
LOCATIONS
|
Registered Office/ Factory/ Corporate office : |
D-13, Ansa Industrial Estate, Sakinaka, Andheri (East), Mumbai –
400072, Maharashtra, India |
|
Tel. No.: |
91-22-40479898 |
|
Mobile No.: |
91-9833593910 (Mr. Gopal Singhania) 91- 91-9702109540 (Ms. Nayana) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Punit Shivkumar Agarwal |
|
Designation : |
Managing director |
|
Address : |
2, Shweta Building, Plot No. 42, 1st Gulmohar Cross Road,
Juhu, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
19.03.1977 |
|
Date of Appointment : |
05.07.2005 |
|
DIN No.: |
00325616 |
|
PAN No.: |
AAJPA5006B |
|
|
|
|
Name : |
Mrs. Neetu Punit Agarwal |
|
Designation : |
Director |
|
Address : |
2, Shweta Building, Plot No. 42, 1st Gulmohar Cross Road,
Juhu, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
08.07.1976 |
|
Date of Appointment : |
05.07.2005 |
|
DIN No.: |
01506024 |
|
PAN No.: |
AAAPM9733G |
KEY EXECUTIVES
|
Name : |
Ms. Nayana |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Punit Agarwal |
2379100 |
48.73 |
|
Neetu Agarwal |
719400 |
14.73 |
|
Usha Agarwal |
2500 |
0.05 |
|
Punit Agarwal HUF |
155500 |
3.18 |
|
Kushal Bajaj |
10000 |
0.20 |
|
Athang Trader Private Limited, India |
428000 |
8.77 |
|
Tanaya Enterprises Private Limited, India |
760000 |
15.57 |
|
Hulas Textiles Private Limited, India |
428000 |
8.77 |
|
Total |
4882500 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
33.11 |
|
Directors or relatives of Directors |
63.51 |
|
Other |
3.38 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Hand Embroidered Fashion Garments. |
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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 : |
Hand Embroidered Fashion Garments |
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Countries : |
·
Germany ·
Dubai ·
USA ·
Australia |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit (30 Days and 60 Days) |
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Purchasing : |
Cash and Credit (30 Days and 60 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
Lord Krishna Bank Limited, Sahar Plaza, J. B. Nagar, Andheri Kurla Road, Andheri, Mumbai - 400059, Maharashtra, India
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Motilal and Associates Chartered Accountant |
|
Address : |
11/13 M K Amin Marg , 1st Floor, Bora Bazar, King Lane, Behind Central Camera, Fort, Mumbai – 400001, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AHEPJ9550F |
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|
|
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Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Promart Retail
India Private Limited Relatives and Enterprises having Max Apex Limited
same Key Management Personnel and/ Punit Agarwal HUF or their relatives as the reporting: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4882500 |
Equity Shares |
Rs.10/- each |
Rs. 48.825 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 |
48.825 |
48.825 |
28.185 |
|
(b) Reserves & Surplus |
195.313 |
272.246 |
66.312 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
144.750 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
388.888 |
321.071 |
94.497 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
60.735 |
7.685 |
20.084 |
|
(b) Deferred tax liabilities
(Net) |
2.193 |
2.456 |
2.073 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.708 |
0.570 |
0.000 |
|
Total
Non-current Liabilities (3) |
63.636 |
10.711 |
22.157 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
647.156 |
566.078 |
117.312 |
|
(b) Trade payables |
503.944 |
77.886 |
97.503 |
|
(c) Other current liabilities |
37.881 |
54.443 |
21.557 |
|
(d) Short-term provisions |
0.353 |
43.455 |
7.053 |
|
Total
Current Liabilities (4) |
1189.334 |
741.862 |
243.425 |
|
|
|
|
|
|
TOTAL |
1641.858 |
1073.644 |
360.079 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
176.257 |
54.729 |
31.960 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
174.276 |
2.187 |
0.202 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
62.040 |
13.466 |
5.803 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
412.573 |
70.382 |
37.965 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
143.030 |
194.600 |
100.585 |
|
(c) Trade receivables |
1011.235 |
542.122 |
191.111 |
|
(d) Cash and cash equivalents |
5.548 |
50.785 |
0.972 |
|
(e) Short-term loans and
advances |
69.472 |
215.755 |
29.446 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1229.285 |
1003.262 |
322.114 |
|
|
|
|
|
|
TOTAL |
1641.858 |
1073.644 |
360.079 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
4267.765 |
|
884.946 |
|
|
Other Income |
|
|
0.714 |
|
|
TOTAL |
4267.765 |
3568.577 |
885.660 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of raw materials
consumed/ goods sold |
|
|
133.271 |
|
|
Purchases of Stock in Trade |
|
3437.091 (Including
financial expenses ) |
623.856 |
|
|
Changes in Inventories of
Finished Goods and stock in Trade |
4259.208 (Including
financial expenses ) |
11.808 |
|
|
|
Employee Benefit Expenses |
14.578 |
||
|
|
Other Expenses |
48.844 |
||
|
|
TOTAL
|
832.357 |
||
|
|
|
|
||
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
53.303 |
||
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
|
19.342 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.557 |
131.486 |
33.961 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
6.012 |
0.319 |
2.398 |
|
|
|
|
|
|
|
Less |
Exceptional
and amp; Extraordinary items |
0.000 |
0.353 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
2.545 |
130.814 |
31.563 |
|
|
|
|
|
|
|
Less |
TAX |
0.638 |
48.198 |
10.183 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1.907 |
82.616 |
21.380 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
592.625 |
524.573 |
149.405 |
|
|
TOTAL
EARNINGS |
592.625 |
524.573 |
149.405 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Finished Goods |
NA |
NA |
43.802 |
|
|
TOTAL
IMPORTS |
NA |
NA |
43.802 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.39 |
29.19 |
13.63 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
230.000 (Due to market
fluctuation) |
The above information has been parted by Ms. Nayana
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
11.637 |
4.997 |
10.841 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin
(PAT / Sales) |
(%) |
NA |
NA |
2.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
6.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.17 |
12.21 |
8.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.41 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.85 |
1.80 |
1.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
1.35 |
1.32 |
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 |
28.185 |
48.825 |
48.825 |
|
Reserves & Surplus |
66.312 |
272.246 |
195.313 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
144.750 |
|
Net
worth |
94.497 |
321.071 |
388.888 |
|
|
|
|
|
|
long-term borrowings |
20.084 |
7.685 |
60.735 |
|
Short term borrowings |
117.312 |
566.078 |
647.156 |
|
Current Maturities of
Long-Term Debts |
10.841 |
4.997 |
11.637 |
|
Total
borrowings |
148.237 |
578.760 |
719.528 |
|
Debt/Equity
ratio |
1.569 |
1.803 |
1.850 |
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 |
885.660 |
3568.577 |
4267.765 |
|
|
|
302.929 |
19.593 |
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 |
885.660 |
3568.577 |
4267.765 |
|
Profit |
21.380 |
82.616 |
1.907 |
|
|
2.41% |
2.32% |
0.04% |
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 |
Yes |
|
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 |
No |
|
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 |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
CASE DETAILS BENCH:-BOMBAY PRESENTATION DATE:- 16/04/2015
|
NOTE: The registered office of the company has been shifted
from Flat No 15/16 4th Floor, A Wing Krishna Co-operative Housing Society Off
Subhash Road Next to IFLEX, Vile Parle (East), Mumbai – 400057, Maharashtra,
India to the present address w.e.f. 05.03.2014
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWING |
|
|
|
Rupee term loans from others |
57.933 |
0.000 |
|
SHORT TERM
BORROWING |
|
|
|
Loans repayable on demand from |
1.630 |
0.000 |
|
Loans and advances from related parties |
0.321 |
0.000 |
|
Intercorporate borrowings |
0.000 |
11.202 |
|
Total |
59.884 |
11.202 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10514553 |
01/08/2014 |
97,200,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G
BLOCK, BANDRA KURLA COMPLEX, BANDR |
C16186041 |
|
2 |
10448600 |
29/07/2013 |
50,000,000.00 |
PNB INVESTMENT SERVICES LIMITED |
10, RAKESH DEEP
BUILDING,, YUSUF SARAI COMMERCIAL |
B84802651 |
|
3 |
10414875 |
07/06/2013 * |
650,000,000.00 |
PNB INVESTMENT SERVICES LIMITED |
10, RAKESH DEEP
BUILDING,, YUSUF SARAI COMMERCIAL |
B78832060 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
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 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.63.64 |
|
UK Pound |
1 |
Rs.100.41 |
|
Euro |
1 |
Rs.71.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
42 |
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.