MIRA INFORM REPORT
|
Report No. : |
312260 |
|
Report Date : |
19.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
WAL-MART INDIA PRIVATE LIMITED (w.e.f. 22.01.2014) |
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Formerly Known
As : |
BHARTI WAL-MART PRIVATE LIMITED |
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Registered
Office : |
E-20, 1st and 2nd Floor, Hauz Khas Main Market,
New Delhi – 110016 |
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Country : |
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Financials (as
on) : |
31.12.2012 |
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Date of Incorporation
: |
17.08.2007 |
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Com. Reg. No.: |
55-167118 |
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Capital
Investment / Paid-up Capital : |
Rs.3592.727 Million |
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CIN No.: [Company Identification
No.] |
U51909DL2007PTC167118 |
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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.] |
DELB09826F |
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PAN No.: [Permanent Account No.] |
AADCB2110L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Chain of Departmental Store. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. As per registrar of companies the date of balance sheet (i.e.
financial file) is shown as 31.12.2013 but the document related to the
financial for the 2013 are not available from any source. As per available financial record of 2012, the company has incurred
huge accumulated losses which has eroded net worth of the company. Business is active. Payment terms are slow. The company can be considered for business dealings on safe and
secured trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
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. Krishnan |
|
Designation : |
Sales Head |
|
Contact No.: |
91-8800711147 |
|
Date : |
18.03.2015 |
LOCATIONS
|
Registered Office : |
E-20, 1st and 2nd Floor, Hauz Khas Main Market,
New Delhi – 110016, 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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Corporate Office : |
4th Floor, Orchid Center Sector-53, Golf Course Road,
Opposite Sun City Gurgaon – 122022, Haryana, India |
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Tel. No.: |
91-124-4568500 |
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Branch Office : |
Survey No.37 and 38, Kacharakanahalli, Village Jadigenahalli Hobli Hoskote
Taluk Bangalore – 560034, Karnataka, India |
DIRECTORS
As on 28.06.2014
|
Name : |
Mr. Krishnamurthy Narayanan Iyer |
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|
Designation : |
Director |
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|
Address : |
Flat 601, 6th Floor, Raheja Sunkist, Mount Mary Road, Bandra West, Mumbai
- 400050, Maharashtra, India |
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|
Date of Appointment : |
28.06.2014 |
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DIN No.: |
01726564 |
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Other Directorship:
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Name : |
Mr. Ashwin Mittal |
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Designation : |
Director |
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Address : |
152, Golf Links, New Delhi - 110003, India |
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Date of Appointment : |
28.06.2014 |
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DIN No.: |
01934102 |
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Other Directorship:
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Name : |
Mr. Jill Elizabeth Anderson |
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Designation : |
Director |
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|
Address : |
Apartment 808, The Aralias, DLF Golf Course Road, Gurgaon - 122002,
Haryana, India |
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Date of Appointment : |
28.06.2014 |
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DIN No.: |
06770531 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Sanjay Goswami |
|
Designation : |
Secretary |
|
Address : |
F-1, II-A.20, Sector-2, Block-A, Vaishali, Ghaziabad - 201010, Uttar
Pradesh, India |
|
Date of Appointment : |
08.10.2014 |
|
PAN No.: |
AKLPG2799R |
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|
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|
Name : |
Mr. Krishnan |
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Designation : |
Sales Head |
MAJOR SHAREHOLDERS
As on 28.06.2014
|
Names of Shareholders |
|
No. of Shares |
|
Wal-Mart Mauritius (1) Holdings Company Limited, Mauritius |
|
413089374 |
|
Wal-Mart Mauritius (2) Holdings Company Limited, Mauritius |
|
515 |
|
Wal-Mart Investment Cooperative, Netherlands |
|
1193555046 |
|
Total |
|
1606644935 |
Equity Share Break up (Percentage of Total Equity)
As on 28.06.2014
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Chain of Departmental Store. |
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Products : |
-- |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT APPLICABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
S.R Batliboi and Company Chartered Accountants |
|
Address : |
Golf View,
Corporate Tower, Bsector-42, Sector Road, Gurgaon, Haryana, India |
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PAN No.: |
AALFS0506L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Joint Venture : |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
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Others : |
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CAPITAL STRUCTURE
As on 28.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000000 |
Equity Shares |
Rs.10/- each |
Rs.30000.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1606644935 |
Equity Shares |
Rs.10/- each |
Rs.16066.449 Million |
As on 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000000 |
Equity Shares |
Rs.10/- each |
Rs.5000.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
359272724 |
Equity Shares |
Rs.10/- each |
Rs.3592.727 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
3,592.727 |
2,001.001 |
|
(b) Reserves & Surplus |
|
(11,377.028) |
(7,653.807) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(7,784.301) |
(5,652.806) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
15,840.000 |
10,150.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
216.277 |
126.274 |
|
(d) long-term
provisions |
|
98.336 |
64.508 |
|
Total Non-current
Liabilities (3) |
|
16,154.613 |
10,340.782 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
2,043.978 |
893.456 |
|
(b) Trade
payables |
|
1,997.910 |
1,981.480 |
|
(c) Other
current liabilities |
|
1,669.814 |
737.615 |
|
(d) Short-term
provisions |
|
101.267 |
64.263 |
|
Total Current
Liabilities (4) |
|
5,812.969 |
3,676.814 |
|
|
|
|
|
|
TOTAL |
|
14,183.281 |
8,364.790 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
3,269.157 |
2,041.949 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
1,050.831 |
262.940 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
749.913 |
646.819 |
|
(e) Other
Non-current assets |
|
69.138 |
51.090 |
|
Total Non-Current
Assets |
|
5,139.039 |
3,002.798 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
3,710.087 |
2,044.897 |
|
(c) Trade
receivables |
|
5,990.542 |
3,106.444 |
|
(d) Cash
and cash equivalents |
|
104.399 |
64.309 |
|
(e)
Short-term loans and advances |
|
232.464 |
141.639 |
|
(f) Other
current assets |
|
6.750 |
4.703 |
|
Total
Current Assets |
|
10,044.242 |
5,361.992 |
|
|
|
|
|
|
TOTAL |
|
15,183.281 |
8,364.790 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
801.001 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
(4874.637) |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
(4073.636) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
4420.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
4420.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
346.364 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
709.345 |
|
|
Capital work-in-progress |
|
|
135.702 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.010 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
626.863 |
|
|
Sundry Debtors |
|
|
23.222 |
|
|
Cash & Bank Balances |
|
|
43.682 |
|
|
Other Current Assets |
|
|
0.398 |
|
|
Loans & Advances |
|
|
361.199 |
|
Total
Current Assets |
|
|
1055.364 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
1484.520 |
|
|
Provisions |
|
|
69.537 |
|
Total
Current Liabilities |
|
|
1554.057 |
|
|
Net Current Assets |
|
|
(498.693) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
346.364 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
||
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|
SALES |
|
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||
|
|
|
Income |
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL |
33,818.300 |
18,764.330 |
7,711.339 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
37,541.521 |
21,543.549 |
9,390.357 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
(3,723.221) |
(2,779.219) |
(1,679.018) |
||
|
|
|
|
|
|
||
|
Less |
TAX |
0.000 |
(0.049) |
0.000 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
(3,723.221) |
(2,779.170) |
(1,679.018) |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Capital Goods |
283.086 |
341.940 |
105.520 |
|
|
|
|
Traded Goods |
125.591 |
60.712 |
2.833 |
|
|
|
TOTAL IMPORTS |
408.677 |
402.652 |
108.353 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
(9.01) |
NA |
NA |
||
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(26.35) |
(34.30) |
(95.14) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.48 |
0.49 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(2.30) |
(1.95) |
(1.09) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.73 |
1.46 |
0.68 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
801.001 |
2001.001 |
3592.727 |
|
Reserves & Surplus |
(4874.637) |
(7653.807) |
(11377.028) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(4073.636) |
(5652.806) |
(7784.301) |
|
|
|
|
|
|
Total
borrowings |
4420.000 |
11043.456 |
17883.978 |
|
Debt/Equity
ratio |
(1.085) |
(1.954) |
(2.297) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total
Income |
7,711.339 |
18,764.330 |
33,818.300 |
|
|
|
143.334 |
80.227 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total
Income |
7,711.339 |
18,764.330 |
33,818.300 |
|
Profit |
(1,679.018) |
(2,779.170) |
(3,723.221) |
|
|
(21.77%) |
(14.81%) |
(11.01%) |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
No |
UNSECURED LOANS:
|
Particulars |
31.12.2012 Rs. In Million |
31.12.2011 Rs. In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Other Loans and
Advances |
793.403 |
0.000 |
|
Total |
793.403 |
0.000 |
CORPORATE INFORMATION:
The Company is a
private company domiciled in India and incorporated under the provisions of Companies
Act, 1956 on August 17, 2007. It is a joint venture among Wal-Mart Mauritius
(1) Holdings Company Limited, Wal-Mart Mauritius (2) Holdings Company Limited,
Bharti Ventures Limited and Cedar Support Services Limited Private Limited for
setting up wholesale cash-and-carry business in India.
PERFORMANCE:
During the financial year ended December 31, 2012, total income of the
Company has increased by 80.23% from Rs.18764.330 Million to Rs.33818.300
Million and incurred a loss of Rs.3723.220 Million.
The directors are very optimistic and upbeat about the business outlook
in the future. It is felt that our Cash and n Carry Wholesale Business which is
a Business to Business trading has considerable scope for growth.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10438243 |
10/06/2013 |
250,000,000.00 |
Citi Bank N.A. |
124, Jeevan Bharti Building, Connaught Circus, New Delhi, Delhi - 110001, India |
B80205149 |
|
2 |
10410590 |
18/02/2013 |
250,000,000.00 |
BNP Paribas |
8th Floor, Sood Towers,, 25 Barakhamba Road,, New Delhi, Delhi - 110001, India |
B70358932 |
|
3 |
10370184 |
18/06/2012 |
1,250,000,000.00 |
Bank Of America N.A. |
Corporate Credit Risk, 1st Floor, DLF Centre, Sansad Marg, New Delhi, Delhi - 110001, India |
B45559523 |
|
4 |
10148529 |
01/11/2012 * |
2,560,000,000.00 |
The Hongkong And Shanghai Banking Corporation Limited |
Birla Towers, 25, Barakhamba Road, New Delhi, Delhi - 110001, India |
B64113947 |
|
5 |
10148109 |
29/04/2010 * |
600,000,000.00 |
Standard Chartered Bank |
Credit
Risk Control, Narain Manzil, 23 Barakhamba |
A84656255 |
*Date of modification Charges
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.62.67 |
|
UK Pound |
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.66.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
14 |
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.