MIRA
INFORM REPORT
|
Report Date : |
13.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
NIHILENT TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
Office No.403 and 404, 4th
Floor, Weikfield IT Citi Infopark, Nagar Road, Pune – 411014, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
29.05.2000 |
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Com. Reg. No.: |
11-014934 |
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Capital Investment
/ Paid-up Capital : |
Rs.182.972 Millions |
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CIN No.: [Company Identification
No.] |
U72900PN2000PTC014934 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEN01421A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing IT Software Services. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2700000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record.
Financially company is performing well. Trade relations are reported to be
fair. Business is active. Payments are reported to be regular and as per
commitment. The company can be considered for normal business dealing at usual
trade terms and condtion. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
31-03-2012.
INFORMATION DECLINED
Management Non – Co operative (91-20-39846100)
LOCATIONS
|
Registered Office : |
Office No.403 and 404, 4th
Floor, Weikfield IT Citi Infopark, Nagar Road, Pune – 411014, Maharashtra,
India |
|
Tel. No.: |
91-20-39846100 |
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Fax No.: |
91-20-39846498 |
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E-Mail : |
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Website: |
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Mumbai : |
205, Kakad Chambers, 132 D, Annie Besant Road, Worli,
Mumbai – 400018, Maharashtra, India |
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Tel. No.: |
91-22-24955684/89/90 |
|
Fax No.: |
91-22-24981565 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Lal Chandra Singh |
|
Designation : |
Whole-time Director |
|
Address : |
303/304, Lyra, Satellite Towers, Koregaon Park, Annex C, Pune -411036,
Maharashtra, India |
|
Date of Birth/Age : |
31.12.1948 |
|
Qualification: |
BE, AMP (Harvard) |
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Experience: |
35 Years |
|
Date of Appointment : |
29.05.2000 |
|
DIN No.: |
01034826 |
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|
Name : |
Mr. Santosh Pande |
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Designation : |
Director |
|
Address : |
S-322, 1st
Floor, Panchsheel Park, New Delhi-110017, India |
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Date of Birth/Age : |
24.03.1952 |
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Date of Appointment : |
01.08.2000 |
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DIN No.: |
07070414 |
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Name : |
Mr. Minoo Darab Dastur |
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Designation : |
Whole-time Director |
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Address : |
17 Chateau, Marine B Road,
Marine Drive, Mumbai - 400 020, Maharashtra, India |
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Date of Birth/Age : |
13.11.1960 |
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Qualification: |
B.Sc, PGDBM |
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Experience: |
25 Years |
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Date of Appointment : |
02.10.2002 |
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DIN No.: |
01095903 |
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Name : |
Mr. Jermy John Ord |
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Designation : |
Director |
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Address : |
19A Coronation
Road, Sandhurst, Johannesburg - 2196, South Africa |
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Date of Birth/Age : |
17.06.1957 |
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Date of Appointment : |
18.10.2006 |
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DIN No.: |
01583325 |
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|
Name : |
Mr. Mireille Nadia Judita Levenstein |
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Designation : |
Director |
|
Address : |
36 Middle Road,
Morningside, Johannesburg - 2196, South Africa |
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Date of Birth/Age : |
03.014.1969 |
|
Date of Appointment : |
18.10.2006 |
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DIN No.: |
01583895 |
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Name : |
Mr. Russell Edward Bilan |
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Designation : |
Director |
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Address : |
Meadow Court,
Whitmore Vale Grayshott, Hindhead, Surrey GU26 6JB, Great Britain |
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Date of Birth/Age : |
14.04.1959 |
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Date of Appointment : |
24.07.2003 |
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DIN No.: |
01840834 |
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Name : |
Mr. Patrick Keith Quarmby |
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Designation : |
Director |
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Address : |
108 Mount
Street, Bryanston, 2021, South African |
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Date of Birth/Age : |
31.05.1954 |
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Date of Appointment : |
26.10.2007 |
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DIN No.: |
01845779 |
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Name : |
Mr. Mark Anthony Jurgens |
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Designation : |
Director |
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Address : |
No. 33
Rockcliffe Drive Northcliff, Johannesburg - 2195, South Africa |
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Date of Birth/Age : |
04.10.1966 |
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Date of Appointment : |
18.10.2006 |
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DIN No.: |
02039545 |
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Name : |
Mr. Shubhabrata Malay Banerjee |
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Designation : |
Alternate Director |
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Address : |
Alaknanda – 213, Jalvayu Towers, Sector – 56, Gurgaon – 122003,
Haryana, India |
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Date of Birth/Age : |
14.09.1966 |
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Qualification: |
FCA |
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Experience: |
21 Years |
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Date of Appointment : |
16.11.2010 |
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DIN No.: |
02189336 |
KEY EXECUTIVES
|
Name : |
Mr. Rahul S Bhandari |
|
Designation : |
Secretary |
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Address : |
401 Shanti Naaar
Societv. Near VIT Hostel, Gangadham Kondhwa Road, Kondhwa BK, Pune,
Maharashtra, India |
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Date of Birth/Age : |
19.06.1975 |
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Date of Appointment : |
23.06.2011 |
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PAN No.: |
ABCPB6535A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Lal Chandra Singh |
|
2020000 |
|
Hatch Investment (Mauritius) Limited, Mauritius |
|
13808781 |
|
L C Singh |
|
1748620 |
|
Santosh Pande |
|
200100 |
|
Sunil Kumar Singhal |
|
200000 |
|
Abhimanyu Sinha |
|
30080 |
|
Abhay Shah |
|
22800 |
|
Vastu IT Private Limited, India |
|
1171219 |
|
Vijay Zende |
|
9900 |
|
Kamlesh Sancheti |
|
11000 |
|
Abhijit Pantoji |
|
1800 |
|
Nishant Baranwal |
|
10000 |
|
Vishwas Kulkarni |
|
2600 |
|
Shubharata Banajerjee |
|
26000 |
|
Kiran Chaudhari |
|
10500 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
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 |
70.16 |
|
Bodies corporate |
5.87 |
|
Directors or relatives of Directors |
12.12 |
|
Other top fifty shareholders |
11.85 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing IT Software Services. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
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Bankers : |
Not Available |
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Facilities : |
(Rs. in Millions)
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
BSR and Comapny Chartered Accountants |
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Address : |
703, Godrej
Castlemaine,Bund Garden, Next to Ruby Hall, Pune 411001, Maharashtra, India |
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Tel No.; |
91-20-30585764/65 |
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Fax No.: |
91-20-30585775 |
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PAN.: |
AAAFB9852F |
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Holding Company: |
·
Hatch Investments (Mauritius) Limited ·
Dimension Data Protocol B V,Paracon Holdings
Limited ·
Entities under common control Paracon SA (Pty)
Limited |
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|
|
|
Subsidiaries : |
·
Nihilent Technologies Inc, United States ·
Seventh August IT Services Private Limited, India (U72200PN2007PTC130679) |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19965800 |
Equity Shares |
Rs.10/- each |
Rs.199.658
Millions |
|
|
|
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|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
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|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
18297200 |
Equity Shares |
Rs.10/- each |
Rs.182.972
Millions |
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
182.972 |
181.697 |
181.697 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
514.793 |
303.036 |
213.590 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
697.765 |
484.733 |
395.287 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.164 |
0.473 |
|
|
TOTAL BORROWING |
0.000 |
0.164 |
0.473 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
697.765 |
484.897 |
395.760 |
|
|
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|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
17.973 |
29.447 |
48.717 |
|
|
Capital work-in-progress |
19.333 |
0.800 |
2.446 |
|
|
|
|
|
|
|
|
INVESTMENT |
149.340 |
68.786 |
68.786 |
|
|
DEFERREX TAX ASSETS |
21.364 |
17.275 |
14.134 |
|
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|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
287.225
|
327.077 |
238.923 |
|
|
Cash & Bank Balances |
353.675
|
202.387 |
131.092 |
|
|
Other Current Assets |
21.506
|
14.361 |
9.425 |
|
|
Loans & Advances |
65.990
|
62.348 |
70.115 |
|
Total
Current Assets |
728.396
|
606.173 |
449.555 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
60.682
|
52.355 |
|
|
|
Other Current Liabilities |
99.686
|
109.802 |
96.504 |
|
|
Provisions |
78.273
|
75.427 |
91.374 |
|
Total
Current Liabilities |
238.641
|
237.584 |
187.878 |
|
|
Net Current Assets |
489.755
|
368.589 |
261.677 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
697.765 |
484.897 |
395.760 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1.368 |
1.031 |
1.065 |
|
|
|
Other Income |
0.007 |
0.001 |
0.002 |
|
|
|
TOTAL (A) |
1.375 |
1.032 |
1.067 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
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|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
1.115 |
0.871 |
1.005 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.260 |
0.161 |
0.062 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.260 |
0.161 |
0.062 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.026 |
0.029 |
0.026 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.234 |
0.132 |
0.036 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.051 |
0.043 |
0.015 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.183 |
0.089 |
0.021 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
Export
Earnings |
1.355 |
1.016 |
NA |
|
|
|
TOTAL EARNINGS |
1.355 |
1.016 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Brought out
Package/ product |
2.572 |
1.140 |
NA |
|
|
|
TOTAL IMPORTS |
2.572 |
1.140 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
10.12 |
4.92 |
1.14 |
|
|
|
Diluted |
9.80 |
4.73 |
1.12 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
13.31
|
8.62 |
1.97 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
17.11
|
12.80 |
3.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.03
|
0.02 |
0.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.34
|
0.49 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.05
|
2.55 |
2.39 |
LOCAL AGENCY FURTHER INFORMATION
Sundry Creditors Details:
Rs. In Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Micro, Small and Medium Enterprise and
others |
0.000 |
0.000 |
NA |
|
Others |
60.682
|
52.355 |
NA |
|
Total |
60.682
|
52.355 |
NA |
|
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
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] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
32] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
Note:
Registered office of the company has been
shifted from Amar Avinash Corporatecity, 11 Bund Garden Road, Pune – 411001,
Maharashtra, India to the present address w.e.f.01.10.2008
PRESS RELEASE
Nihilent and Equip
announce Strategic Partnership
Dar-es-Salaam,
Tanzania, 22 March 2012: Nihilent, a leading global consulting and solutions
Integration Company and Equip GRC, an advisory firm that provides governance, risk
management and internal audit transformation solutions, today announced a
strategic partnership designed to mutually benefit both companies to scale up
and grow their business.
This strategic
partnership will address the requirement for local capability building around
sound business management practices, especially in the area of Business and
Information Technology Consulting. This partnership is a direct response to the
pro-investment and pro-growth policies and the “New Vigor, New Zeal, and New Speed”
theme pursued diligently by the progressive government which seeks to unleash
Tanzania’s latent growth potential. While Equip brings with it leading
practices in corporate governance, risk management, regulatory compliance and
internal audit transformation, Nihilent brings hard rigor and plentiful
experience into effective deployment through its competence around corporate
strategy execution capability. Equip and Nihilent will combine their expertise
to address the business challenges facing organizations in the Financial
Services, Government and State–run enterprises and Supply Chain and Logistics.
“Equip and Nihilent have worked together in the past so I am pleased
that we have now jointly created a framework that allows both organizations to
leverage each other more formally and across a broader range of geographies” said Davith Kahwa,
Chief Executive Officer, Equip . “Nihilent’s
presence in Markets such as the India, North America, Europe, Southern Africa,
and Middle East coupled with its expertise in business and technology
consulting brings a wealth of consulting experience and exposure. This combined
with Nihilent’s strong commitment to emerging economies particularly East
Africa makes them a welcome addition to Equip’s partner community” added
Mr Kahwa.
Mr. Minoo Dastur,
Chief Operating Officer of Nihilent said “Nihilent
is engaged in introducing change through information technology, people and
process interventions, in systemic manner to improve performance for our
customers. Equip’s portfolio of Corporate Governance and Risk Management
services complements our business and technology consulting portfolio. We are
pleased to be partnering with Equip to provide end-to-end and high quality
consulting services to our clients in Tanzania.”
Conceptualized
with the objective of creating a different kind of company, through a unique
holistic and systems approach to problem solving Nihilent has been credited of
creating the World’s first Change Management structure based on its patented
MC3 TM framework for Change Management, Performance Management and Strategy
Execution. The focus from the beginning has been to invest substantially in
people and R&D on building a consulting led framework driven company.
Nihilent was also recently awarded a patent for its predictive
‘Customer Loyalty Evaluation’ (CLE) model that helps businesses to successfully
identify the loyalty drivers and build enduring customer loyalty.
The
partnership of Nihilent-Equip plans on hiring substantial local talent and work
towards building local capability through knowledge transfer. Through this
partnership, Nihilent-Equip intend to focus on helping companies in Tanzania on
adopting world class business practices, thus enhance business performance and
ability to exploit Africa’s potential.
About
Nihilent
Nihilent
is a global consulting and solutions integration company using a holistic and
systems approach to problem solving. Headquartered in Pune, India, Nihilent has
extensive experience in international consulting, IT outsourcing and IT
services. Nihilent’s operations span North America, Europe, Africa, Middle East
and Asia. Nihilent’s mission Change
for Performance encapsulates our commitment to make change happen
systemically in terms of people, process, technology and knowledge for achieving
sustained performance for our clients.
About
Equip
EQUIP
GRC Limited is the business advisory firm dedicated exclusively for corporate
governance, risk management and internal audit transformation. Equip assist
clients seize new opportunities for growth and profitability while not losing
sight of associated risks. Equip’s highly trained, results oriented
professionals provides a unique perspective on a wide range of critical
business issues for clients in East Africa and Southern Africa.
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.55.34 |
|
|
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
TOTAL |
|
49 |
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.