MIRA
INFORM REPORT
|
Report Date : |
01.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
DATAVISION SOFTWARE SOLUTIONS PRIVATE LIMITED |
|
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Registered
Office : |
Uchil Hights Jagdish Nagar, Raj |
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Country : |
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|
Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
27.10.1995 |
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Com. Reg. No.: |
25-093960 |
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Capital
Investment / Paid-up Capital : |
Rs. 24.792 millions |
|
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|
CIN No.: [Company Identification
No.] |
U92114MH1995PTC093960 |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Providing Software only for Banks. |
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|
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|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 242000 |
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|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. The company can be considered normal for business dealings at usual
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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in 2011
slowed because of persistently high inflation and interest rates and little
progress on economic reforms. High international crude prices have exacerbated
the government's fuel subsidy expenditures contributing to a higher fiscal
deficit, and a worsening current account deficit. Little economic reform took
place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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 PARTED BY
|
Name : |
Mr. A Kulkarni |
|
Designation : |
Account Department |
|
Contact No.: |
91-20-25690661 |
|
Date : |
01.12.2012 |
LOCATIONS
|
Registered Office : |
Uchil Hights Jagdish Nagar, Raj Bhavan Road, Aundh, Pune-411007,
Maharashtra, India |
|
Tel. No.: |
91-20-25690661 / 2 / 3 / 4 |
|
Fax No.: |
91-20-25690684 |
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E-Mail : |
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|
Website : |
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|
Branches : |
Located at ·
Bangalore ·
Ahmedabad |
DIRECTORS
As on 14.09.2012
|
Name : |
Mr. Vishwanath Manjappa Uchil |
|
Designation : |
Director |
|
Address : |
Uchil Residency, Kumar Prerna Co-op Housing Society, Aundh,
Pune-411007, Maharashtra, India |
|
Date of Appointment : |
27.10.1995 |
|
DIN No.: |
00360978 |
|
|
|
|
Name : |
Mr. Ameet Vishwanath Uchil |
|
Designation : |
Director |
|
Address : |
Uchil Residency, Kumar Prerna Co-op Housing Society, Aundh,
Pune-411007, Maharashtra, India |
|
Date of Appointment : |
06.08.2008 |
|
DIN No.: |
02291416 |
KEY EXECUTIVES
|
Name : |
Mr. A Kulkarni |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 14.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vishwanath Uchil |
|
830360 |
|
Prakash Khanchandani |
|
395050 |
|
Ameet Uchil |
|
51198 |
|
Supriya Uchil |
|
112800 |
|
Jadhav Suresh |
|
30000 |
|
GIS Information Systems Private Limited, India |
|
959790 |
|
Karamchandani Pramod |
|
50000 |
|
Karamchandani Surendra |
|
50000 |
|
Ameet Uchil J/W Ramesh Mangawde |
|
1 |
|
Ameet Uchil J/W Hemanti Kulkarni |
|
1 |
|
Total |
|
2479200 |
Equity Share Break up (Percentage of Total Equity)
As on 14.09.2012
|
Category |
Percentage |
|
Bodies corporate |
39.00 |
|
Directors or relatives of Directors |
40.00 |
|
Other top fifty shareholders |
21.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Software only for Banks. |
GENERAL INFORMATION
|
Customers : |
Banks Banking Sector: Urban Co-operative Banks ·
Seva Vikas Co-Op Bank, Pimpri, Pune ·
Deccan Merchant Urban Co-Op Bank, Mumbai ·
Deogiri Urban Co-Op Bank, Aurangbad ·
Youth Development Co-Op Bank, Kolhapur ·
The Mehsana Urban Co-Op Bank, Mehsana ·
Kolaphur Urban Co-Op Bank, Kolhapur ·
Vima Kamagar Co-Op Bank, Mumbai ·
Mogaveera Urban Co-Op Bank, Mumbai ·
Malkapur Urban Co-Op. Bank, Buldhana ·
The Eastern Railway Employees Co-Op Bank Limited, Kolkata ·
Janatha Sahakari Bank, Gondia DCC Banks · Alleppey, Kerala ·
Bhavnagar, Gujarat ·
Davanagere, Karnataka ·
Mumbai, Mumbai ·
Belgaum, Karnataka ·
Kasargod, Kerala ·
Ahmednagar, Maharashatra ·
Tumkur, Karnataka ·
Hassan, Karnataka Nationalized Banks ·
Allahabad Bank ·
Bank of Maharashtra ·
Central Bank of India ·
Dena Bank ·
Oriental Bank of Commerce ·
UCO Bank State Apex Banks ·
Karnataka State Co-Op Apex Bank ,Bangalore ·
Maharashtra State Co-Op Bank, Mumbai International Clients and Projects · IndustriOS, Canada – ERP ·
e-Carisma, UK - Asset
Mgt ·
Al Faisaliah, Saudi
Arabia – Inventory Management on Mobiles ·
Afribank, Nigeria
(offshore-onsite) ·
Automazione Systemi,
Italy (Offshore) ·
Chevron, Nigeria
(onsite) ·
e-Carisma.com Limited, UK (Offshore) ·
IndustriOS, Canada
(Offshore-onsite) ·
KPD, Netherlands
(offshore-onsite) ·
Magic branches (Italy, USA, UK, Germany,
Netherlands) ·
QualTrace Solutions Limited, Ireland
(onsite) ·
United Nationas, Geneva (offshore-onsite) ·
William M. Mercer,
Geneva (onsite) Indian Clients · NCR - Signature Verification and System and cheque truncation ·
Reliance - Retail
Funding ·
The Times of India- HR,
Payroll, GL ·
Spice Telecom Limited ·
Star Television India ·
Turner International Television ·
Zee Telefilms Limited ·
Countrywide Consumer
Finance ·
Cynamid India Limited ·
GKW ·
Himalaya Drugs Limited ·
Maharashtra State
Electricity Board ·
National Chemical
Laboratories ·
Nilgiri’s ·
Philips India Limited ·
Rallis India Limited |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
·
HDFC Bank Pune, Maharashtra, India ·
The Central Bank of India Pune Camp Branch, Pune-411001,
Maharashtra, India |
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Facilities : |
·
OD – Rs. 10.000 millions (From HDFC Bank) ·
CC – Rs. 7.000 millions (From HDFC Bank) |
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|
Note: Term Loans from Hdfc Bank Ltd is secured
against Immoveable Property owned by a related company /Directors along with
their personal guarantees. The Amount payable within one year towards equated
monthly instalment of term loan is Rs. 3 .606 millions. |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
S. S. Karachiwala and Company Chartered Accountants |
|
Address : |
Office 105, Nilkant Heights, A-1/384 Bhavani Peth, Pune-411042,
Maharashtra, India |
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Tel. No.: |
91-20-26443928 |
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E-Mail : |
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PAN No.: |
ACDPK7450M |
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|
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|
Sisters Concerns : |
·
Magic E- Money Limited ·
Next Step Infotech Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2479200 |
Equity Shares |
Rs.10/- each |
Rs. 24.792 Millions |
|
|
|
|
|
Reconciliation of number of shares
|
Equity shares: |
31.03.2012 |
|
|
|
Number of Shares |
Rs. in Millions |
|
Balance as at the beginning of the year |
2,479,200 |
24.792 |
|
Issued during the year |
-- |
-- |
|
Balance as at the end of the year |
2,479,200 |
24.792 |
Details of shareholders holding more than 5% of the aggregate shares in
the Company
|
|
31.03.2012 |
|
|
|
Number of Shares |
% |
|
Equity shares of Rs.10 each fully paid |
|
|
|
a Vishwanath Uchil |
830,360 |
33.49% |
|
b Prakash Khanchandani |
395,050 |
15.93% |
|
c GIS Information Systems Pvt.Ltd |
959,790 |
38.71% |
Company has not alloted any fully paid bonus shares (during 5 years
immediately preceding March 31, 2012):
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
24.792 |
24.792 |
24.792 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
35.887 |
34.210 |
34.096 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
60.679 |
59.002 |
58.888 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.191 |
20.032 |
11.155 |
|
|
2] Unsecured Loans |
16.142 |
7.928 |
0.000 |
|
|
TOTAL BORROWING |
25.333 |
27.960 |
11.155 |
|
|
DEFERRED TAX LIABILITIES |
4.578 |
5.628 |
6.389 |
|
|
|
|
|
|
|
|
TOTAL |
90.590 |
92.590 |
76.432 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
18.165 |
22.259 |
26.906 |
|
|
Capital work-in-progress |
1.996 |
0.000 |
0.000 |
|
|
INTANGIBLE ASSETS UNDER DEVELOPMENT |
22.199 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
20.274 |
20.274 |
20.274 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2.038
|
0.000 |
0.000 |
|
|
Sundry Debtors |
34.231
|
51.760 |
30.443 |
|
|
Cash & Bank Balances |
0.628
|
1.122 |
1.607 |
|
|
Other Current Assets |
2.466
|
2.281 |
0.000 |
|
|
Loans & Advances |
9.495
|
9.182 |
10.759 |
|
Total
Current Assets |
48.858
|
64.345 |
42.809 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
9.565
|
3.376 |
0.652 |
|
|
Other Current Liabilities |
11.337
|
10.912 |
12.905 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
20.902
|
14.288 |
13.557 |
|
|
Net Current Assets |
27.956
|
50.057 |
29.252 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
90.590 |
92.590 |
76.432 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
93.598 |
77.467 |
158.560 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
93.598 |
77.467 |
158.560 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
140.162 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
83.281 |
70.444 |
140.162 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.317 |
7.023 |
18.398 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.516 |
1.976 |
1.579 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.801 |
5.047 |
16.819 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
4.374 |
4.718 |
6.273 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.427 |
0.329 |
10.546 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.750 |
0.214 |
3.783 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.677 |
0.115 |
6.763 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
24.988 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
31.751 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
3.192 |
0.000 |
1.416 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.68 |
NA |
2.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.79
|
0.15 |
4.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.62
|
0.38 |
15.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Net worth) |
|
0.04
|
0.001 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Net worth) |
|
0.76
|
0.72 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.34
|
4.50 |
3.16 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditor |
9.565
|
3.376 |
0.652 |
|
|
|
|
|
|
Total |
9.565
|
3.376 |
0.652 |
|
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 |
Yes |
|
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 |
Yes |
|
19] |
Payments
terms |
Yes |
|
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 |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
No |
|
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 |
TRADE REFERENCE:
·
Allahabad Bank
·
Bank of Maharashtra
FIXED ASSETS:
v
Tangible Assets
·
Data Processing Equipments
·
Furniture and fittings
·
Vehicles
·
Office Equipments
·
Electrical Installations
·
Software
v
Intangible Assets
·
Datamate Software
·
Riskmate Software
WEB DETAILS
MANAGEMENT TEAM
Mr. V.M. Uchil Chairman has more
than 25 years of experience in banking, finance, export and overall business
management. He holds a postgraduate degree in commerce and is a recipient
of Gold Medal for standing first in Diploma in Export Management. He has
worked in various departments of a Nationalized Bank for about 14
years.
Mr. P.M
Khanchandani has more than 20 years of experience in Information Technology and
business management. He hold a Graduates degree in Mechanical Engineering. He
has worked for the IT departments of various companies in India for about eight
years.
Mr. Ameet
Uchil Director has more than 10 years of work experience as an entrepreneur.
He has a bachelor’s degree in Business Administration from Trent University,
Canada and has completed his MBA at the Rotman School of Management, University
of Toronto in the spring of 2007. He has gained significant experience in
entrepreneurship, marketing, product R&D, and business development with
focus on emerging markets. His specific areas of interest are the ability to
drive solutions that impact the poor and financial solutions that can be
applied to different industries.
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 records 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] 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.54.53 |
|
|
1 |
Rs.87.48 |
|
Euro |
1 |
Rs.70.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.