MIRA INFORM REPORT
|
Report No. : |
348168 |
|
Report Date : |
18.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
BRIGHT LIFECARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-1, Bandhu Vihar Apartments, Plot-11, Sector 10, Dwarka,
New Delhi - 110075 |
|
Mobile No.: |
91-9999319325 (Mr. Yatharth) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
30.04.2011 |
|
|
|
|
Com. Reg. No.: |
55-218346 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1082.373 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2011PTC218346 |
|
|
|
|
IEC No.: |
0511061218 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECB5311J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in trading of health care, sports nutrition,
beauty and other products on wholesale basis. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2011, having moderate track. For the year 2014, the company has achieved decent revenue, however it is reporting loss since 2012. The company possesses decent net worth base marked by nil borrowings, however reported accumulated loss. However, trade relations are fair. Business is active. Payments are slow but correct. 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. Yatharth |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9999319325 |
|
Date : |
05.11.2015 |
LOCATIONS
|
Registered Office : |
E-1, Bandhu Vihar Apartments, Plot-11, Sector 10, Dwarka,
New Delhi – 110075, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9999319325 (Mr. Yatharth) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Badri Bahukutumbi Pillapakkam |
|
Designation : |
Director |
|
Address : |
31/1 Bhagirathi Ammal Street, T.Nagar, Chennai - 600017, Tamilnadu,
India |
|
Date of Birth/Age : |
06.05.1981 |
|
Date of Appointment : |
27.07.2012 |
|
DIN No.: |
00272372 |
|
|
|
|
Name : |
Mr. Sasha Gulu Mirchandani |
|
Designation : |
Director |
|
Address : |
D 131 Tahnee Heights Petit Hall, Napean Sea Road, Mumbai -
400093, Maharashtra, India |
|
Date of Birth/Age : |
26.02.1972 |
|
Date of Appointment : |
22.11.2011 |
|
DIN No.: |
01179921 |
|
|
|
|
Name : |
Mr. Prashant Tandon |
|
Designation : |
Director |
|
Address : |
E-1, Bandhu Vihar Apartment, Plot- 11, Sec.10, Dwarka, New
Delhi - 110075, India |
|
Date of Birth/Age : |
03.01.1980 |
|
Date of Appointment : |
30.04.2011 |
|
DIN No.: |
02887793 |
|
|
|
|
Name : |
Mr. Sameer Maheshwari |
|
Designation : |
Director |
|
Address : |
A-56A, Amanisaha Road, Shastri Nagar, Jaipur - 302016,
Rajasthan, India |
|
Date of Birth/Age : |
12.06.1976 |
|
Date of Appointment : |
30.04.2011 |
|
DIN No.: |
02890663 |
|
|
|
|
Name : |
Mr. Shailesh Lakhani |
|
Designation : |
Director |
|
Address : |
5685, Brightpool Cr, Mississauga, Ontario, L5m3w4, Canada |
|
Date of Birth/Age : |
16.09.1978 |
|
Date of Appointment : |
22.12.2011 |
|
DIN No.: |
03567739 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Wadhwa |
|
Designation : |
Secretary |
|
Address : |
97,Ground Floor, Eklavya Vihar, Sector - 09, Vasundhara,
Ghaziabad - 201012, Uttar Pradesh, India |
|
Date of Appointment : |
13.02.2015 |
|
PAN No: |
AAYPW0772B |
|
|
|
|
Name : |
Mr. Yatharth |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Prashant Tandon |
|
46322 |
|
Sameer Maheshwari |
|
46322 |
|
Alok Agarwal |
|
8170 |
|
ON Mauritius |
|
5927 |
|
Sequoia Capital India Investment III, Mauritius |
|
2723 |
|
Kalysta Capital Fund Mauritius, Mauritius |
|
2179 |
|
SCI Growth Investment II, Mauritius |
|
3102 |
|
GHI Holding Mauritius, Mauritius |
|
1595 |
|
(Series A Equity
Shares) |
|
|
|
Sequoia Capital India Investment Holdings III, Mauritius |
|
100 |
|
Kalysta Capital Fund Mauritius, Mauritius |
|
100 |
|
(Series B Equity
Shares) |
|
|
|
Sequoia Capital India Investment Holdings III, Mauritius |
|
250 |
|
ON Mauritius |
|
300 |
|
Kalysta Capital Fund Mauritius, Mauritius |
|
200 |
|
Total |
|
117290 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
|
|
|
|
(Series A
Preference Shares) |
|
|
|
Sequoia Capital India Investment Holdings III, Mauritius |
|
42353 |
|
Kalysta Capital Fund Mauritius, Mauritius |
|
42353 |
|
(Series B
Preference Shares) |
|
|
|
Sequoia Capital India Investment Holdings III, Mauritius |
|
121723780 |
|
ON Mauritius |
|
146068536 |
|
Kalysta Capital Fund Mauritius, Mauritius |
|
97379024 |
|
(Series C
Preference Shares) |
|
|
|
SCI Growth Investment II, Mauritius |
|
43762 |
|
Intel Capital Mauritius Limited, Hoong Kong |
|
75565 |
|
GHI Holding Mauritius, Mauritius |
|
22506 |
|
ON Mauritius |
|
37511 |
|
Total |
|
365435390 |
Equity Share Break up (Percentage of Total Equity)
AS ON 26.09.2014
|
Category |
Percentage |
|
Venture Capital |
0.30 |
|
Bodies corporate |
13.75 |
|
Directors or relatives of Directors |
78.98 |
|
Other top fifty shareholders |
6.97 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in trading of health care, sports nutrition,
beauty and other products on wholesale basis. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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|
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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 : |
Information declined by the management
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Bankers : |
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Auditors : |
|
|
Name : |
S R Batliboi and Associates LLP Chartered Accountants |
|
Address : |
Sector 42, Sector Road, Gurgaon, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9118A |
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|
|
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
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Enterprises owned or
significantly influenced by key management personnel: |
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|
|
|
|
Investing party in
respect of which the Company is an associate |
|
CAPITAL STRUCTURE
AFTER 26.09.2014
Authorised Capital : Rs. 2070.715 Million
Issued, Subscribed & Paid-up Capital : Rs. 2070.509
Million
AS ON 31.03.2014
Authorised Capital : Rs.
1082.555 Million
Issued, Subscribed & Paid-up Capital : Rs. 1082.373 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 |
1082.373 |
365.373 |
365.373 |
|
(b) Reserves & Surplus |
(343.199) |
(140.105) |
9.340 |
|
(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) |
739.174 |
225.268 |
374.713 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1.420 |
0.118 |
0.000 |
|
(d) long-term provisions |
7.470 |
2.442 |
0.825 |
|
Total
Non-current Liabilities (3) |
8.890 |
2.560 |
0.825 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
25.550 |
23.554 |
4.278 |
|
(c) Other current liabilities |
31.192 |
27.478 |
19.145 |
|
(d) Short-term provisions |
8.152 |
3.231 |
0.037 |
|
Total
Current Liabilities (4) |
64.894 |
54.263 |
23.460 |
|
|
|
|
|
|
TOTAL |
812.958 |
282.091 |
398.998 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
11.474 |
9.885 |
2.776 |
|
(ii) Intangible Assets |
7.540 |
9.754 |
20.555 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.806 |
4.724 |
1.616 |
|
(e) Other Non-current assets |
1.351 |
8.459 |
85.100 |
|
Total
Non-Current Assets |
31.171 |
32.822 |
110.047 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
178.688 |
0.000 |
0.000 |
|
(b) Inventories |
88.321 |
98.887 |
40.223 |
|
(c) Trade receivables |
233.030 |
102.000 |
28.041 |
|
(d) Cash and cash equivalents |
270.498 |
30.061 |
214.937 |
|
(e) Short-term loans and
advances |
4.714 |
17.671 |
4.860 |
|
(f) Other current assets |
6.536 |
0.650 |
0.890 |
|
Total
Current Assets |
781.787 |
249.269 |
288.951 |
|
|
|
|
|
|
TOTAL |
812.958 |
282.091 |
398.998 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
678.871 |
388.981 |
55.170 |
|
|
|
|
|
|
|
Less |
EXPENSES |
912.710 |
523.546 |
92.383 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(233.839) |
(134.565) |
(37.213) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
9.807 |
6.345 |
0.690 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(243.646) |
(140.910) |
(37.903) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less |
Prior Period Items |
0.000 |
16.792 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(243.646) |
(157.702) |
(37.903) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(0.67) |
NA |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(29.97) |
(49.95) |
(9.50) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.33) |
(0.63) |
(0.10) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
12.05 |
4.59 |
12.32 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
365.373 |
365.373 |
1082.373 |
|
Reserves & Surplus |
9.340 |
(140.105) |
(343.199) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
374.713 |
225.268 |
739.174 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
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 |
55.170 |
388.981 |
678.871 |
|
|
|
605.059 |
74.525 |
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 |
55.170 |
388.981 |
678.871 |
|
Profit |
(37.903) |
(157.702) |
(243.646) |
|
|
(68.70%) |
(40.54%) |
(35.89%) |
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) |
No |
|
16 |
No. of employees |
No |
|
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:
Subject is a closely held company primarily engaged in the business of wholesale trading of health-care and personal-care products and rendering related.
OVERALL PERFORMANCE:
The year has been a good year for the Company, the turnover and other income of the Company has increased considerably from Rs. 388.981 Million in previous year to Rs. 678.871 Million for the year. The Directors are confident of achieving better results in the ensuing year. The company is vigorously pursuing various steps to improve sales, coupled with cost conservation measures to improve profitability in coming years.
CORPORATE INFORMATION
Subject is a private limited Company domiciled in India and incorporated on April 30, 2011 under the provisions of the Companies Act, 1956. The Company is engaged in trading of health care, sports nutrition, beauty and other products on wholesale basis.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10543586 |
06/01/2015 |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
C40709388 |
FIXED ASSETS
Tangible assets
- Plant and equipment
- Furniture and fixtures
- Office equipment
- Leasehold improvements
Intangible assets
- Brands and trade marks
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No 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.65.98 |
|
UK Pound |
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
36 |
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.