MIRA INFORM REPORT
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Report No. : |
310347 |
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Report Date : |
02.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
SLEEK INTERNATIONAL PRIVATE LIMITED (w.e.f. 07.05.2013) |
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Formerly Known
As : |
SILVERLINE WIRE PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
Jheel Darshan, Shop No. B-101 and B-102, Plot No. H-12, Kopri Village,
Mahada Complex, A.S. Marg, Pawai, Mumbai - 400076, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of Incorporation
: |
18.02.1993 |
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Com. Reg. No.: |
11-070859 |
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Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
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CIN No.: [Company Identification
No.] |
U31300MH1993PTC070859 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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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 : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Kitchen Appliances. |
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No. of Employees
: |
320 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The company has incurred loss from its operational activities during
financial year 2013. However, the rating takes into consideration strong financial, managerial
and operational support that company receives from Asian Paints Limited. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. In view of strong support from Asian Paints Limited, the company can
be considered for business dealings at usual trade terms and condition. Note: 23 AC documents
for the year 2014 are not available from any source. |
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 |
CRISIL |
|
Rating |
Long Term Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
31.12.2014 |
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Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
31.12.2014 |
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 PARTED BY
|
Name : |
Mr. Sameer Waingankar |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-8879635304 |
|
Date : |
28.02.2015 |
LOCATIONS
|
Registered Office : |
Jheel Darshan, Shop No. B-101 and B-102, Plot No. H-12, Kopri Village,
Mahada Complex, A.S. Marg, Pawai, Mumbai-400076, Maharashtra, India |
|
Tel. No.: |
91-22-32447481 |
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Mobile No.: |
91-8879635304 (Mr. Sameer Waingankar) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Corporate Office : |
301/302, Lotus Corporate Park, Jaycoach, Goregaon (East), Mumbai,
Maharashtra, India |
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Tel. No.: |
91-22-61075400 |
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Warehouse 1 : |
Gala No. 16/17, Rashmi Industrial Estate, Navghar Road, Vasai (East),
Thane – 401210, Maharashtra, India |
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Tel. No.: |
91-250-2390192 |
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Fax No.: |
91-250-2390192 |
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Area : |
1500 Sq. Ft. |
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Location : |
Owned |
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Warehouse 2 : |
Shakti Complex, Kharbao Village, Bhiwandi Kaman Road, Bhiwandi,
District Thane - 421305, Maharashtra, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Rajesh Thakur Ahuja |
|
Designation : |
Managing Director |
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Address : |
906, 9th Floor, Oberoi Park View, Near Thakur Cinema,
Thakur Village, Kandivali (East), Mumbai - 400101, Maharashtra, India |
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Date of Birth/Age : |
02.05.1971 |
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Date of Appointment : |
18.02.1993 |
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Din No.: |
00371406 |
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Name : |
Mr. Monesh Thakur Ahuja |
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Designation : |
Executive Director |
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Address : |
908, 9th Floor, Oberoi Park View, Near Thakur Cinema, Thakur
Village, Kandivali (East), Mumbai - 400101, Maharashtra, India |
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Date of Birth/Age : |
12.10.1974 |
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Date of Appointment : |
29.06.2013 |
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Din No.: |
02591030 |
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Name : |
Mr. Jayesh Tulsidas Merchant |
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Designation : |
Director |
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Address : |
4, Sai Manjil, 18, Altamount Road, Mumbai - 400026, Maharashtra, India
|
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Date of Birth/Age : |
27.11.1957 |
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Date of Appointment : |
08.08.2013 |
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Din No.: |
00555052 |
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Name : |
Mr. Manish Mahendra Choksi |
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Designation : |
Director |
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Address : |
C-1801/1802, Beaumonde, Appa Saheb Marathe Marg, Prabhadevi, Mumbai -
400025, Maharashtra, India |
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Date of Birth/Age : |
12.09.1967 |
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Date of Appointment : |
08.08.2013 |
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Din No.: |
00026496 |
KEY EXECUTIVES
|
Name : |
Mr. Sameer Waingankar |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Asian Paints Limited, India |
|
62308 |
|
Rajesh Thakur Ahuja |
|
22404 |
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Monesh Thakur Ahuja |
|
20797 |
|
Thakur Topandas Ahuja |
|
8667 |
|
Jyoti Thakur Ahuja |
|
8000 |
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Asian Paints Limited, India Jointly With Jayesh Merchant |
|
1 |
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Asian Paints Limited, India Jointly With Amit Syngle |
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1 |
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Asian Paints Limited, India Jointly With Jalaj Dani |
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1 |
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Asian Paints Limited, India Jointly With Manish Choksi |
|
1 |
|
Total |
|
122180 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
51.00 |
|
Directors or relatives of Directors |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of Kitchen Appliances. |
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Products : |
Kitchen Appliances |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Kitchen Appliances |
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Countries : |
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Terms : |
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Selling : |
Cash, Cheque and Credit |
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Purchasing : |
Cash, Cheque and Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
320 (Approximately) |
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Bankers : |
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Facilities : |
CC = Rs.100.000 Million (From ICICI Bank Limited)
Notes: Long Term Borrowings: Nature of
Security: Term loan of Rs.6.121 Million from Citibank are secured by way of
equitable mortgage created on immovable properties of the company situated at
Powai ad personal guarantee by directors and corporate guarantee of Sleek
International. Term loan of Rs.0.416 Million from Axis Bank for motor car is secured
against specified movable assets. Term of Payment: Term loan is
repayable in 60 monthly installments of Rs.0.170 million commenced from 01.02.2012
and rate of interest is 12.75% p.a. Term loan for motor car is repayable in 35 monthly installment of
Rs.0.034 million commenced from 05.06.2011 and rate of interest is 11.25%
p.a. |
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Auditors : |
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Name : |
Doshi Praveen and Company Chartered Accountants |
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Address : |
3, Mahesh Niwas, L.T. Road No. 3, Goregaon (West), Mumbai-400062,
Maharashtra, India |
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Tel No.: |
91-22-28790315 / 16 |
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Email: |
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PAN No: |
AABPD2233R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Other Related Parties : |
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CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
122180 |
Equity Shares |
Rs.10/- each
|
Rs.1.222
Million |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
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|
(1)Shareholders' Funds |
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(a) Share Capital |
0.500 |
0.500 |
0.500 |
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(b) Reserves & Surplus |
0.905 |
29.179 |
10.238 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
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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) |
1.405 |
29.679 |
10.738 |
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
29.543 |
8.082 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.113 |
|
(c) Other long term
liabilities |
2.846 |
1.900 |
0.000 |
|
(d) long-term
provisions |
14.073 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
46.462 |
9.982 |
0.113 |
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(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
10.909 |
0.000 |
5.030 |
|
(b) Trade
payables |
19.317 |
15.585 |
9.064 |
|
(c) Other
current liabilities |
45.411 |
33.035 |
36.667 |
|
(d) Short-term
provisions |
1.943 |
0.000 |
1.553 |
|
Total Current
Liabilities (4) |
77.580 |
48.620 |
52.314 |
|
|
|
|
|
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TOTAL |
125.447 |
88.281 |
63.165 |
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
40.320 |
39.628 |
30.377 |
|
(ii)
Intangible Assets |
2.287 |
1.690 |
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 |
0.025 |
0.025 |
0.000 |
|
(c) Deferred tax assets (net) |
1.375 |
0.582 |
0.000 |
|
(d) Long-term Loan and Advances |
11.895 |
2.920 |
0.755 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
55.902 |
44.845 |
31.132 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
23.878 |
0.526 |
0.293 |
|
(b)
Inventories |
11.409 |
11.764 |
8.678 |
|
(c) Trade
receivables |
28.738 |
17.445 |
15.080 |
|
(d) Cash
and cash equivalents |
1.556 |
7.583 |
2.609 |
|
(e) Short-term
loans and advances |
3.964 |
6.118 |
4.819 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.554 |
|
Total
Current Assets |
69.545 |
43.436 |
32.033 |
|
|
|
|
|
|
TOTAL |
125.447 |
88.281 |
63.165 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
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|
SALES |
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||
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|
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Income |
255.668 |
269.444 |
240.438 |
|
|
|
|
Other Income |
4.350 |
5.212 |
4.876 |
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|
|
|
TOTAL |
260.018 |
274.656 |
245.314 |
|
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||
|
Less |
EXPENSES |
284.623 |
253.477 |
239.675 |
||
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||
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|
PROFIT/(LOSS)
BEFORE TAX |
(24.605) |
21.179 |
5.639 |
||
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||
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Less |
TAX |
3.668 |
2.818 |
2.089 |
||
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||
|
|
PROFIT/(LOSS)
AFTER TAX |
(28.273) |
18.361 |
3.550 |
||
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||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
18.361 |
0.000 |
0.000 |
||
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||
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Less |
APPROPRIATIONS |
|
|
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||
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
3.550 |
|
|
|
BALANCE CARRIED
TO THE B/S |
(9.912) |
18.361 |
0.000 |
||
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||
|
|
Earnings /
(Loss) Per Share (Rs.) |
(565.46) |
367.22 |
71.00 |
||
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
790.000 |
Expected Sales (2014-2015): Rs.1100.000 Million
The above information has been parted by Mr. Sameer Waingankar
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(11.06) |
6.81 |
1.48 |
|
|
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|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(19.84) |
24.16 |
8.93 |
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|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(17.51) |
0.71 |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
28.79 |
0.27 |
0.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90 |
0.89 |
0.61 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs. In
Million |
Rs.
In Million |
|
Share Capital |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
10.238 |
29.179 |
0.905 |
|
Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
10.738 |
29.679 |
1.405 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
8.082 |
29.543 |
|
Short Term borrowings |
5.030 |
0.000 |
10.909 |
|
Total
borrowings |
5.030 |
8.082 |
40.452 |
|
Debt/Equity
ratio |
0.468 |
0.272 |
28.791 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
240.438 |
269.444 |
255.668 |
|
|
|
12.064 |
(5.113) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
240.438 |
269.444 |
255.668 |
|
Profit |
3.550 |
18.361 |
(28.273) |
|
|
1.48% |
6.81% |
(11.06%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Million |
31.03.2012 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
From Directors |
23.006 |
0.000 |
|
Total |
23.006 |
0.000 |
OPERATIONAL PERFORMANCE:
In their drive
towards the strategic expansions, the company has opened Five Retail Showroom
Outlets. Considering the downward trend in country’s economic situation where
the domestic consumption has not shown any significant pick-up during the last
financial year, the performance of the Company during 2012-13 has been
satisfactory as the company could reach a turnover of Rs.255.668 Million amidst
tough marketing conditions The company’s management guided by the Board has
opened up new areas like Internet business successfully which will help the
company to reach the expected turnover of Rs.360.000 Million during 2013-14.
STRATEGIC BUSINESS
ALLIANCE WITH ASIAN PAINTS:
The Company known
for Modular Kitchen with its Brand SLEEK, has over the past 20 years achieved a
position of strength in the kitchen industry. This sector is one of the fastest
growing in home improvement industry and can be expected to be extremely
competitive in the coming years. All major international brands are setting up shops
in India and intend to fight for a share of this booming market.
Sleek has studied
this and decided to make a strategic change in its organization so that its
leadership role in the kitchen industry stays unaffected. A search had been
commissioned for a strategic investor to join with Sleek group and work
together for building a stronger Sleek brand.
The company
decided to join hands with an Indian multinational Asian Paints Limited, which
has formidable strengths in brand building and distribution across India. Asian
Paints Ltd and the Ahuja family have jointly agreed that Asian Paints Ltd will
be taking, a 51% equity stake in the company , subject to due diligence and
necessary approvals in due course of time.
Asian Paints Limited
is a Listed entity in National Stock Exchange & Bombay Stock Exchange, is
India’s largest paint company and Asia’s third largest paint company, with a
turnover of Rs.96.32 billion (Rs.96320.000 million). The group has an enviable
reputation in the corporate world for professionalism, fast track growth, and
building shareholder equity. Asian Paints operates in 17 countries and has 23
paint manufacturing facilities in the world, servicing consumers in over 65
countries.
Besides, Asian
Paints operates around the world through its subsidiaries Berger International
Limited, Apco Coatings, SCIB Paints and Taubmans. Asian Paints was included in
Forbes Asia’s ‘Fab 50’ list of Companies in Asia Pacific in 2011 and 2012. The
existing Board members will continue to drive and sphere head the business of
the company at Operational level to lead the Sleek Group with strategic inputs
from Asian Paints Limited.
For all employees,
this change will be an assurance that the company with its brand Sleek will
continue to be a leader in the industry and the alliance with Asian Paints
Limited, will bring in improved systems, greater professional growth and
personal development.
AWARDS AND
RECOGNITIONS
The company & its brand has been recognized on meritorious basis and received the following awards:
In March, 2012 for “Kitchen Retailer of the Year 2012” by Indian Kitchen Congress;
In February, 2013 for “Most Preferred Brand in Kitchen Retail” by India Home Congress and
In April, 2013 Top 50 professional of India for Mr. Rajesh Ahuja Director by ET Times now
This clearly shows that the Sleek Brand is now well established and associated with Modular
Kitchen & the Pioneering retailing efforts in the past are well recognized by the Industry & the consumers.
NO CHARGES EXIST FOR
COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.61.79 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
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.