MIRA INFORM REPORT
|
Report No. : |
329304 |
|
Report Date : |
26.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
CELIO FUTURE FASHION PRIVATE LIMITED (w.e.f. 12.05.2015) |
|
|
|
|
Formerly Known
As : |
CELIO FUTURE FASHION LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 301and 302, 3rd Floor, A Wing, Lotus Corporate
Park, Off. Western Express Highway, Goregaon (East), Mumbai - 400060,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.01.2014 |
|
|
|
|
Date of
Incorporation : |
05.05.2008 |
|
|
|
|
Com. Reg. No.: |
11-181891 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 42.025
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74994MH2008PTC181891 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC16102C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCC3844J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Men’s Wear. |
|
|
|
|
No. of Employees
: |
450 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “CELLO INTERNATIONAL S.A.”. It is an
established company having moderate track record. The company possesses weak operational risk profile marked by moderate
operational efficiencies and losses that company has incurred from its
operational activities. However, company receives good financial and managerial support from
its holding company. However, Trade relations are fair. Business is active. Payments terms
are reported to be slow but correct. In view of strong holding company support, 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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Vivek |
|
Designation : |
Finance Controller |
|
Contact No.: |
91-8767797048 |
|
Date : |
26.06.2016 |
LOCATIONS
|
Registered Office/ Warehouse : |
Unit No. 301and 302, 3rd Floor, A Wing, Lotus Corporate
Park, Off. Western Express Highway, Goregaon (East), Mumbai - 400060,
Maharashtra |
|
Tel. No.: |
91-22-42259500 / 01 |
|
Mobile No.: |
91-8767797048 (Mr. Vivek) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 11.07.2013
|
Name : |
Mr. Rakesh Biyani |
|
Designation : |
Director |
|
Address : |
304, Jeevan Vihar, Manav Mandir Road, Malabar Hill, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
05.04.1972 |
|
Date of Appointment : |
05.05.2008 |
|
DIN No.: |
00005806 |
|
|
|
|
Name : |
Mr. Krishan Kant Rathi |
|
Designation : |
Director |
|
Address : |
B/72, Dakshina Park, Plot No-15, N.S. Road, 10th JVPD Scheme, Mumbai- 400049, Maharashtra, India |
|
Date of Birth/Age : |
30.12.1961 |
|
Date of Appointment : |
27.10.2010 |
|
DIN No.: |
00040094 |
|
|
|
|
Name : |
Mr. Kailash Mahesh Anand Bhatia |
|
Designation : |
Director |
|
Address : |
Flat No. 2603, Odyssey-II, Hiranandani Gardens, Powai, Mumbai - 400 076, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1956 |
|
Date of Appointment : |
05.05.2008 |
|
DIN No.: |
00859957 |
|
|
|
|
Name : |
Mr. Lalit Mathur |
|
Designation : |
Director |
|
Address : |
A-15, Rear Ground Floor, Nizamuddin (West), New DeIhi-110 013, India |
|
Date of Birth/Age : |
06.09.1974 |
|
Date of Appointment : |
05.05.2008 |
|
DIN No.: |
01444758 |
|
|
|
|
Name : |
Mr. Pierre R G Parlongue |
|
Designation : |
Director |
|
Address : |
Avenue Des, Ramiers 35, Rixensart 1330, Belgium |
|
Date of Birth/Age : |
07.01.1962 |
|
Date of Appointment : |
26.09.2008 |
|
DIN No.: |
02337302 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 11.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Celio International, Belgium |
|
1319442 |
|
Indus-League Clothing Limited, India |
|
1319436 |
|
Indus-League Clothing Limited Jointly with Rathi Ramprasad Sanjay |
|
1 |
|
Indus-League Clothing Limited Jointly with Singh Arvind Neeta |
|
1 |
|
Indus-League Clothing Limited Jointly with Dhruve Kumduchandra Vimal |
|
1 |
|
Indus-League Clothing Limited Jointly with Gagvani Prataprai Manoj |
|
1 |
|
Indus-League Clothing Limited Jointly with Bihani Harish Gopal |
|
1 |
|
Total |
|
2638883 |
As on 24.10.2013
|
Names of Allottee |
|
No. of Shares Allotted |
|
Celio International, Belgium |
|
1130949 |
|
Total |
|
1130949 |
As on 13.01.2014
|
Names of Allottee |
|
No. of Shares Allotted |
|
Celio International, Belgium |
|
606217 |
|
Indus-League Clothing Limited, India |
|
326424 |
|
Total |
|
932641 |
As on 11.07.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
50.01 |
|
Bodies corporate |
49.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Men’s Wear. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
450 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
'Heritage', 3rd Floor, Near Gujarat Vidyapith, Off Ashram Road,
Ahmedabad - 380014, Gujarat, India |
|
PAN No.: |
AABFD7191A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
Celio international SA |
|
|
|
|
Joint Ventures : |
Indus League Clothing Limited |
|
|
|
|
Fellow Subsidiary : |
Celio Sourcing Limited |
CAPITAL STRUCTURE
As on 31.01.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4702473 |
Equity Shares |
Rs.10/- each |
Rs.47.025
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.01.2014 |
31.01.2013 |
31.01.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
47.025 |
26.389 |
23.850 |
|
(b) Reserves & Surplus |
121.663 |
(281.487) |
(79.485) |
|
(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) |
168.688 |
(255.098) |
(55.635) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
34.375 |
64.375 |
94.375 |
|
(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 |
4.057 |
2.450 |
1.219 |
|
Total Non-current
Liabilities (3) |
38.432 |
66.825 |
95.594 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
40.000 |
100.000 |
305.000 |
|
(b) Trade
payables |
345.764 |
689.544 |
523.397 |
|
(c) Other
current liabilities |
49.613 |
39.287 |
77.093 |
|
(d) Short-term
provisions |
88.480 |
68.206 |
55.110 |
|
Total Current
Liabilities (4) |
523.857 |
897.037 |
960.600 |
|
|
|
|
|
|
TOTAL |
730.977 |
708.764 |
1000.559 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
164.732 |
132.661 |
167.022 |
|
(ii)
Intangible Assets |
0.108 |
0.210 |
0.724 |
|
(iii)
Capital work-in-progress |
0.197 |
7.554 |
0.455 |
|
(iv)
Intangible assets under development |
8.771 |
1.384 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
89.900 |
84.488 |
71.122 |
|
(e) Other
Non-current assets |
0.509 |
0.375 |
0.409 |
|
Total Non-Current
Assets |
264.217 |
226.672 |
239.732 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
158.166 |
227.198 |
293.803 |
|
(c) Trade
receivables |
259.340 |
224.752 |
248.659 |
|
(d) Cash
and cash equivalents |
32.315 |
23.483 |
211.074 |
|
(e)
Short-term loans and advances |
16.815 |
6.573 |
7.242 |
|
(f) Other
current assets |
0.124 |
0.086 |
0.049 |
|
Total
Current Assets |
466.760 |
482.092 |
760.827 |
|
|
|
|
|
|
TOTAL |
730.977 |
708.764 |
1000.559 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.01.2014 |
31.01.2013 |
31.01.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
886.307 |
648.625 |
524.029 |
|
|
|
Other Income |
0.086 |
2.366 |
0.650 |
|
|
|
TOTAL (A) |
886.393 |
650.991 |
524.679 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
459.221 |
360.521 |
573.222 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
70.555 |
66.215 |
(148.505) |
|
|
|
Employees benefits expense |
157.756 |
108.285 |
78.730 |
|
|
|
Other expenses |
514.521 |
343.617 |
285.235 |
|
|
|
TOTAL (B) |
1202.053 |
878.638 |
788.682 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(315.660) |
(227.647) |
(264.003) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
18.410 |
25.867 |
22.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(334.070) |
(253.514) |
(286.023) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
38.690 |
43.948 |
27.149 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(372.760) |
(297.462) |
(313.172) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(372.760) |
(297.462) |
(313.172) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB basis |
57.777 |
36.658 |
0.000 |
|
|
TOTAL EARNINGS |
57.777 |
36.658 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods |
301.578 |
307.116 |
380.438 |
|
|
|
Packing and other ancillary materials |
0.000 |
0.000 |
1.206 |
|
|
TOTAL IMPORTS |
301.578 |
307.116 |
381.644 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(124.37) |
(124.58) |
(177.84) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.01.2014 |
31.01.2013 |
31.01.2012 |
|
Current Maturities of Long term debt |
30.000
|
30.000
|
25.625 |
|
Cash generated from operations |
(611.075) |
3.623 |
(162.845) |
KEY
RATIOS
|
PARTICULARS |
|
31.01.2014 |
31.01.2013 |
31.01.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(42.06) |
(45.86) |
(59.76) |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
(35.62) |
(35.10) |
(50.38) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(51.63) |
(42.51) |
(31.31) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(2.21) |
1.17 |
5.63 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.62 |
(0.76) |
(7.64) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.89 |
0.54 |
0.79 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.01.2012 |
31.01.2013 |
31.01.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
23.850 |
26.389 |
47.025 |
|
Reserves & Surplus |
(79.485) |
(281.487) |
121.663 |
|
Net
worth |
(55.635) |
(255.098) |
168.688 |
|
|
|
|
|
|
long-term borrowings |
94.375 |
64.375 |
34.375 |
|
Short term borrowings |
305.000 |
100.000 |
40.000 |
|
Current maturities of
long-term debts |
25.625 |
30.000 |
30.000 |
|
Total
borrowings |
425.000 |
194.375 |
104.375 |
|
Debt/Equity
ratio |
(7.639) |
(0.762) |
0.619 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.01.2012 |
31.01.2013 |
31.01.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
524.029 |
648.625 |
886.307 |
|
|
|
23.777 |
36.644 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.01.2012 |
31.01.2013 |
31.01.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
524.029 |
648.625 |
886.307 |
|
Profit / (Loss) |
(313.172) |
(297.462) |
(372.760) |
|
|
(59.76%) |
(45.86%) |
(42.06%) |
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) |
Yes |
|
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 |
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 |
BUSINESS OVERVIEW
The financial year ended 31st January, 2014 total revenue of the company have gone up by 36% over the previous year. The current year revenue is Rs.886.393 Million as compared to previous year Rs.650.991 Million. The total loss after tax during the year ended 31st January, 2014 stands at Rs.372.760 Million as compared to previous year Rs.297.462 Million. The increase in total loss is mainly on account of foreign exchange fluctuations during the year and weak sales performance in the 4th quarter of the year ended 31st January, 2014. The Company has incurred losses on account of foreign exchange fluctuations of Rs.129.049 Million for the year ended 31st January 2014 as compared to Rs.31.340 Million for the previous year.
During the year, the company has opened 11 SAS and 30 SIS. The Company has also entered into E-commerce segment through agreements with SS.com and Jabong.com. During 'the year various marketing activities were undertaken to increase brand awareness, which includes the launch of customer loyalty program "Celio Fantastic" in July'l3. As an alternate sourcing strategy, the Company has also increased local sourcing of products with almost 40% of its products being procured from India. The Company has also successfully implemented new ERP system (LS-Retail – Microsoft Dynamics NAV) in April 2014 across all the stores, warehouse and back office, which would help in better monitoring of business operations and ensure effective internal controls.
INDEX OF CHARGES NO
CHARGES EXIST FOR COMPANY
FIXED ASSETS
- Office equipment
- Furniture and Fixtures
- Vehicles
- Electrical Installation
- Computers
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.63.61 |
|
|
1 |
Rs.99.79 |
|
Euro |
1 |
Rs.71.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.