MIRA INFORM REPORT
|
Report No. : |
322576 |
|
Report Date : |
15.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
BRAINBEES SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B/402, 1 Modi Baug, CTS 2254 To 2260, G.K. Road, Shivajinagar, Pune – 411 005, Maharashtra |
|
Tel No. : |
91-20-30257500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.05.2010 |
|
|
|
|
Com. Reg. No.: |
11-136340 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.112 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72100PN2010PTC136340 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEB07136D |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of buying,
selling, advertising, promoting baby and kids products and FMCG goods on a
wholesale basis through various channels like franchisees and retailers. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
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 an established company having moderate track. The company has reported a better increase in its turnover during
FY2014. Further, it has a debt free balance sheet and good liquidity position
during year under review. However, the rating remains constrained on account
of continuous loss made by the company from its operation and the losses are
increasing. Moreover, there is an unfavorable gap between trade receivables
and payables. Trade relations are fair. Business is active. Payment terms are slow
but correct. In the view of aforesaid, subject can be considered for business
dealings with some caution |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Ms. Annie |
|
Designation : |
Administrative Manager |
|
Contact No.: |
91-20-46777500 |
|
Date : |
14.05.2015 |
LOCATIONS
|
Registered Office : |
B/402, 1 Modi Baug, CTS 2254 To 2260, G.K. Road,
Shivajinagar, Pune – 411005, Maharashtra, India |
|
Tel. No.: |
91-20-30257500/ 30257539/46777500 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Warehouse No 19, Gate No. 53/1, Behind New Mahindra Garden, Near Vijay
Logistics, Village Kuruli, Chakan, Pune-410501, Maharashtra, India |
|
|
|
|
Head Office: |
110/10-111/10, Near Sadanand Resorts, Next to D-Mart, Baner Road, Off NH-4,
Baner, Pune – 411045, Maharashtra, India |
|
Tel No. : |
91-20-46777500 |
|
|
|
|
Corporate Office
: |
Office no. 10,11,12 and 13, 2nd Floor, Primrose, the Mall,
Near Balewadi Phata, Baner, Pune – 411045, Maharashtra, India |
DIRECTORS
As on 29.09.2014
|
Name : |
Supam Maheshwari |
|
Designation : |
Managing director |
|
Address : |
B/402, 1 Modi Baug, CTS 2254 To 2260, G.K. Road, Shivajinagar, Pune – 411005, Maharashtra, India |
|
Date of Birth/Age : |
06.10.1973 |
|
Qualification : |
B.E. (Mech, MBA) |
|
Experience : |
15 Years |
|
Date of Appointment : |
17.05.2010 |
|
DIN No.: |
01730685 |
|
|
|
|
Name : |
Amitava Saha |
|
Designation : |
Director |
|
Address : |
P 28/1, CIT Road, Scheme – VII M, Kolkata – 700054, West Bengal, India |
|
Date of Birth/Age : |
12.06.1973 |
|
Date of Appointment : |
16.05.2011 |
|
DIN No.: |
02655827 |
|
|
|
|
Name : |
Mr. Ravi Chandra Adusumalli |
|
Designation : |
Director |
|
Address : |
741, Northland Drive, Salt Lake City, Utah, United States of America, 84103 |
|
Date of Birth/Age : |
14.01.1976 |
|
Date of Appointment : |
16.05.2011 |
|
DIN No.: |
00253613 |
|
|
|
|
Name : |
Mr. Manik Arora |
|
Designation : |
Director |
|
Address : |
D6/14, Vasanth Vihar, New Delhi – 110057, India |
|
Date of Birth/Age : |
28.04.1974 |
|
Date of Appointment : |
02.02.2012 |
|
DIN No.: |
01368615 |
|
|
|
|
Name : |
Mr. Vivek Kumar Raghuvansh Kumar Mathur |
|
Designation : |
Director |
|
Address : |
D151, Westend Heights, DLF Phase – V, Gurgaon – 122 009, Haryana,
India |
|
Date of Birth/Age : |
07.07.1984 |
|
Date of Appointment : |
24.09.2013 |
|
DIN No.: |
03581311 |
|
|
|
|
Name : |
Mr. Joo Hock Chua |
|
Designation : |
Director |
|
Address : |
6 Seletar Hills Drive, Singapore 807102, Singapore |
|
Date of Birth/Age : |
26.02.1956 |
|
Date of Appointment : |
09.01.2014 |
|
DIN No.: |
00497333 |
KEY EXECUTIVES
|
Name : |
Ms. Annie |
|
Designation : |
Administrative Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Supam Maheshwari |
|
10284 |
|
Sampada Maheshwari |
|
1061 |
|
Sanket Hattimattur |
|
1465 |
|
Prashant Jadhav |
|
5855 |
|
Amitava Saha |
|
10613 |
|
Bhupinder Singh |
|
2433 |
|
Saumya Mittal |
|
676 |
|
Amit Bordia |
|
338 |
|
SAIF Partners India IV Limited, Mauritius |
|
20116 |
|
SAIF Partners India IV Limited, Mauritius |
|
14463 |
|
SAIF Partners India IV Limited, Mauritius |
|
7351 |
|
IDGV Ventures India LLC, Mauritius |
|
14463 |
|
IDGV Ventures India LLC, Mauritius |
|
7351 |
|
Vertex Asia Fund Pte. Limited, Singapore |
|
14701 |
|
Total |
|
111170 |
As on 08.04.2015
|
Names of Allottee |
|
No. of Shares |
|
NEA FDI III Limited, Mauritius |
|
706800 |
|
Total |
|
706800 |
As on 03.02.2015
|
Names of Allottee |
|
No. of Shares |
|
Valiant Mauritius Partners FDI Limited |
|
17545 |
|
SAIF Partners India IV Limited |
|
877 |
|
IDG Ventures India Fund II LLC |
|
2106 |
|
Pandara Trust Scheme |
|
526 |
|
Vertex Asia Fund Pte. Limited |
|
1755 |
|
Total |
|
22809 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Venture Capital |
38.06 |
|
Directors or relatives of Directors |
41.55 |
|
Other top fifty shareholders |
20.39 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of
buying, selling, advertising, promoting baby and kids products and FMCG goods
on a wholesale basis through various channels like franchisees and retailers. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Financial Institution : |
SVB India Finance
Private Limited, 84, Free Press House, 215, Nariman Point, Mumbai
- 400021, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
BBSR and Company Chartered Accountants |
|
Address : |
703, 7th Floor, Godrej Castlemaine, Next To Ruby Hall Clinic, Bund Garden
Road, Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-30504000 |
|
Fax No.: |
91-20-30504100 |
|
PAN
No.: |
AAKFB4397F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
After 29.09.2014
Authorised Capital : Rs. 5.171 Million
Issued, Subscribed & Paid-up Capital : Rs. 4.268
Million
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
21,000 |
Series A Equity Shares |
Rs.10/- each |
Rs. 0.210 Million |
|
31,000 |
Series A CCPS |
Rs.10/- each |
Rs. 0.310 Million |
|
29,403 |
Series B CCPS |
Rs.10/- each |
Rs. 0.294 Million |
|
|
Total |
|
Rs. 1.314
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32,725 |
Equity Shares |
Rs.10/- each |
Rs. 0.327
Million |
|
20,116 |
Series A Equity Shares |
Rs.10/- each |
Rs. 0.201
Million |
|
28,926 |
Series A CCPS |
Rs.10/- each |
Rs. 0.289
Million |
|
29,403 |
Series B CCPS |
Rs.10/- each |
Rs. 0.294
Million |
|
|
Total |
|
Rs. 1.111 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 |
1.111 |
0.817 |
0.835 |
|
(b) Reserves & Surplus |
784.364 |
266.244 |
699.893 |
|
(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) |
785.475 |
267.061 |
700.728 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
54.167 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
7.908 |
5.429 |
1.730 |
|
Total
Non-current Liabilities (3) |
7.908 |
59.596 |
1.730 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
107.481 |
49.238 |
46.430 |
|
(c) Other current liabilities |
32.994 |
57.716 |
23.808 |
|
(d) Short-term provisions |
0.194 |
0.122 |
0.048 |
|
Total
Current Liabilities (4) |
140.669 |
107.076 |
70.286 |
|
|
|
|
|
|
TOTAL |
934.052 |
433.733 |
772.744 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
37.715 |
43.032 |
12.153 |
|
(ii) Intangible Assets |
2.255 |
2.732 |
0.440 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
27.925 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
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 |
19.654 |
18.054 |
11.881 |
|
(e) Other Non-current assets |
201.600 |
0.090 |
1.590 |
|
Total
Non-Current Assets |
261.224 |
63.908 |
53.989 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
141.103 |
87.534 |
46.802 |
|
(c) Trade receivables |
3.669 |
27.078 |
37.291 |
|
(d) Cash and cash equivalents |
520.720 |
251.000 |
620.641 |
|
(e) Short-term loans and
advances |
2.600 |
2.241 |
6.262 |
|
(f) Other current assets |
4.736 |
1.972 |
7.759 |
|
Total
Current Assets |
672.828 |
369.825 |
718.755 |
|
|
|
|
|
|
TOTAL |
934.052 |
433.733 |
772.744 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL
INCOME |
737.780 |
415.328 |
126.112 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
1144.499 |
788.806 |
315.291 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(406.719) |
(373.478) |
(189.179) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
10.362 |
11.372 |
1.662 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(417.081) |
(384.850) |
(190.841) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(417.081) |
(384.850) |
(190.841) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(582.418) |
(197.568) |
(6.727) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(999.499) |
(582.418) |
(197.568) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(3751.74) |
(4607.60) |
(2284.84) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/total Income) |
(%) |
(56.53) |
(92.66) |
(151.33) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(44.65) |
(88.73) |
(25.62) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.53) |
(1.44) |
(0.27) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.20 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.78 |
3.45 |
10.23 |
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 |
0.835 |
0.817 |
1.111 |
|
Reserves & Surplus |
699.893 |
266.244 |
784.364 |
|
Net
worth |
700.728 |
267.061 |
785.475 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
54.167 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
54.167 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.203 |
0.000 |
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 |
126.112 |
415.328 |
737.780 |
|
|
|
229.333 |
77.638 |
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 |
126.112 |
415.328 |
737.780 |
|
Profit |
(190.841) |
(384.850) |
(417.081) |
|
|
(151.33%) |
(92.66%) |
(56.53%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBT = 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 |
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 |
No |
|
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 |
No |
|
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 |
Yes |
|
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 |
NATURE OF OPERATION
The company was incorporated on 17th
May 2010. The company is engaged in the business of buying, selling,
advertising, promoting baby and kids products and FMCG goods on a wholesale
basis through various channels like franchisees and retailers.
NO CHARGES EXIST
FOR COMPANY.
FIXED ASSETS:
·
Office Equipments
·
Computer and Software
·
Furniture and Fixtures
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 records 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.63.84 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.