|
Report Date : |
04.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SARASWAT INFOTECH LIMITED |
|
|
|
|
Registered
Office : |
Madhushree Plot No. 85, District Business Center, Section 17, Vashi,
Navi Mumbai - 400703, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.10.2005 |
|
|
|
|
Com. Reg. No.: |
11-156921 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 152.632
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2005PLC156921 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS50155A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS4303A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing information technology solutions to the banking and
financial services industry through a compressive range of products and
customized service offerings. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1190000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The latest financials
of the company are not made available. As per previous year’s, the reserves of the company appears to be low. However, trade relations are reported as fair. Business is active.
Payments terms are unknown in absence of latest financials. The company can be considered for business dealings with slight
cautions. |
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 DENIED
MANAGEMENT NON CO-OPERATIVE (91-22-41561111)
LOCATIONS
|
Registered Office : |
Madhushree Plot No. 85, District Business Center, Section 17, Vashi,
Navi Mumbai - 400703, Maharashtra, India |
|
Tel. No.: |
91-22-27898116/ 41572000 |
|
Fax No.: |
91-22-27895865 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Bangalore Office : |
Vakli Square, No. 56/3, Gurappanapalay, Bannerghatta Main Road, South
Taluka, Bangalore – 560076, Karnataka, India |
|
Tel No.: |
91-80-66278300 |
|
|
|
|
Pune Office : |
Plot No. 9, Phase 1, MIDC, Hinjewadi, Pune – 411057, Maharashtra,
India |
|
Tel No.: |
91-20-22933995/ 96/ 97 |
DIRECTORS
AS ON 30.06.2012
|
Name : |
Mr. Ekanath Keshav Thakur |
|
Designation : |
Director |
|
Address : |
B/17, Bageshri, S.G. Marg, Prabhadevi, Mumbai – 400025, Maharashtra,
India |
|
Date of Birth/Age : |
15.02.1941 |
|
Qualification : |
B.A .(Hons) ,C.A.I.I.B |
|
Date of Appointment : |
17.04.2010 |
|
DIN No.: |
00072367 |
|
|
|
|
Name : |
Mr. Shashikant Keshav Sakhalkar |
|
Designation : |
Managing director |
|
Address : |
38, Saraswat Sadan, Ram Mandir Road, Bandra (East), Mumbai – 400051,
Maharashtra, India |
|
Date of Birth/Age : |
14.11.1953 |
|
Qualification : |
M. Com., PGD (I.R.), PGD (Comp.Sc.) |
|
Date of Appointment : |
17.03.2007 |
|
DIN No.: |
00695661 |
|
|
|
|
Name : |
Mr. Kishore Vinayak Rangnekar |
|
Designation : |
Director |
|
Address : |
Shree Dhanlaxmi, 6th Floor, Manorama Nagar, Taikal Wadi, Matunga
(West), Mumbai – 400016, Maharashtra, India |
|
Date of Appointment : |
26.10.2005 |
|
DIN No.: |
00072440 |
|
|
|
|
Name : |
Mr. Samir Banerji Kumar |
|
Designation : |
Director |
|
Address : |
517, Veena Vihar, Next to Shanmukanand Hall, 17A, Flank Road, Sion,
Mumbai – 400022, Maharashtra, India |
|
Date of Appointment : |
26.10.2005 |
|
DIN No.: |
00072532 |
|
|
|
|
Name : |
Mr. Sameer Shripad Shirodkar |
|
Designation : |
Director |
|
Date of Appointment : |
17.03.2007 |
|
DIN No.: |
01370378 |
|
|
|
|
Name : |
Mr. Susheel Sabajee Sanzgiri |
|
Designation : |
Director |
|
Address : |
C 201, Govind Dham, S M Joshi Marg, Kalwa, Thane – 400605,
Maharashtra, India |
|
Date of Appointment : |
17.03.2007 |
|
DIN No.: |
01370476 |
|
|
|
|
Name : |
Mr. Amit Anil Pandit |
|
Designation : |
Director |
|
Address : |
D-201/ 202, Satelite Park, Subhash Road (South), Jogeshwari (East),
Mumbai – 400060, Maharashtra, India |
|
Date of Appointment : |
23.08.2008 |
|
DIN No.: |
02437092 |
|
|
|
|
Name : |
Mr. Sanjay Dattatraya Panse |
|
Designation : |
Director |
|
Address : |
51, Ashwamedh, Shivaji Park, Road No. 3, Dadar, Mumbai – 400028,
Maharashtra, India |
|
Date of Appointment : |
13.08.2008 |
|
DIN No.: |
02725875 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Keshav Eknath Thakur |
|
1 |
|
Ajit Vasant Dubhashi |
|
1 |
|
Kishore Vinayak Rangnekar |
|
1 |
|
Amit Anil Pandit |
|
1 |
|
Sanjay Dattatraya Panse |
|
1 |
|
Shashikant Keshav Sakhalkar |
|
1 |
|
The Saraswat Co-operative Bank Limited, India |
|
15263151 |
|
Total |
|
15263157 |
AS ON 30.06.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing information technology solutions to the banking and
financial services industry through a compressive range of products and
customized service offerings. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
The Saraswat Co-operative Bank Limited, SME Vikroli Branch, Prabhat
Bhavan, 1st Floor, 96, L.B.S. Marg, Opposite Cipla, Vikroli
(West), Mumbai – 400083, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kulkarni and Khanolkar Chartered Accountants |
|
Address : |
13/14, Bell
Building, Sir Pherozeshah Mehta Road, Fort, Mumbai – 400001, Maharashtra,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFK2921N |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,263,157 |
Equity Shares |
Rs.10/- each |
Rs. 152.632
Millions |
|
|
|
|
|
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 |
152.632 |
152.632 |
100.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
145.345 |
142.333 |
89.845 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
297.977 |
294.965 |
189.845 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
30.304 |
90.908 |
0.988 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
30.304 |
90.908 |
0.988 |
|
|
DEFERRED TAX LIABILITIES |
58.067 |
53.294 |
28.089 |
|
|
|
|
|
|
|
|
TOTAL |
386.348 |
439.167 |
218.922 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
317.076 |
351.786 |
153.640 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.025 |
0.025 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
22.873
|
38.340 |
26.410 |
|
|
Cash & Bank Balances |
57.876
|
50.713 |
70.713 |
|
|
Other Current Assets |
15.786
|
53.024 |
0.000 |
|
|
Loans & Advances |
87.621
|
66.108 |
102.761 |
|
Total
Current Assets |
184.156
|
208.185 |
199.884 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.652
|
16.812 |
26.279 |
|
|
Other Current Liabilities |
20.696
|
34.741 |
28.348 |
|
|
Provisions |
82.561
|
69.276 |
79.975 |
|
Total
Current Liabilities |
114.909
|
120.829 |
134.602 |
|
|
Net Current Assets |
69.247
|
87.356 |
65.282 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
386.348 |
439.167 |
218.922 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
357.143 |
311.926 |
287.262 |
|
|
|
Other Income |
3.774 |
4.388 |
8.875 |
|
|
|
TOTAL (A) |
360.917 |
316.314 |
296.137 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing service costs |
80.332 |
65.154 |
59.419 |
|
|
|
Employee related expenses |
50.710 |
64.215 |
66.568 |
|
|
|
Administrative selling other expenses |
64.857 |
67.133 |
44.084 |
|
|
|
TOTAL (B) |
195.899 |
196.502 |
170.071 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
165.018 |
119.812 |
126.066 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.065 |
2.870 |
0.205 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
155.953 |
116.942 |
125.861 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
102.833 |
53.766 |
35.680 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
53.120 |
63.176 |
90.181 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
18.274 |
38.741 |
34.980 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
34.846 |
24.435 |
55.201 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
74.949 |
72.045 |
53.592 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.500 |
2.216 |
7.500 |
|
|
|
Dividend |
30.526 |
20.877 |
25.000 |
|
|
|
Tax on Dividend |
5.070 |
3.548 |
4.248 |
|
|
BALANCE CARRIED
TO THE B/S |
72.461 |
74.949 |
72.045 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
0.000 |
29.263 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORT |
0.000 |
1.707 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.53 |
2.83 |
5.52 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
9.65 |
7.72 |
18.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.87 |
20.25 |
31.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.60 |
11.28 |
25.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.21 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.49 |
0.72 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.72 |
1.49 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
Creditors due small micro enterprises |
0.000 |
0.000 |
0.000 |
|
Creditors due others |
11.652
|
16.812 |
26.279 |
|
Sundry creditors |
11.652 |
16.812 |
26.279 |
|
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 |
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 |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
COMPANY OVERVIEW:
Subject is a provider of information technology solutions to the
banking and financial services industry through a compressive range of products
and customized service offerings. Founded in 2005, Subject provides end-to-end business
and technology solutions to clients in various areas of expertise. Subject also
offers services in the area of Resource Augmentation by providing technology
professional consultants for medium to long-term engagements and also design
quality solutions for entire solutions for entire projects. Subject is
headquartered in Navi Mumbai, India.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U72200MH2005PLC156921 |
|
Name of the
company |
SARASWAT INFOTECH
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Madhushree Plot No. 85, District Business Center, Section 17, Vashi,
Navi Mumbai - 400703, Maharashtra, India Email: rajesh.deherkar@sil.co.in
|
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
The Saraswat Co-operative Bank Limited, SME Vikroli Branch, Prabhat
Bhavan, 1st Floor, 96, L.B.S. Marg, Opposite Cipla, Vikroli
(West), Mumbai – 400083, Maharashtra, India Email: svg1959@yahoo.com |
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation agreement. |
|
Date of
instrument Creating the charge |
27.12.2010 |
|
Amount secured by
the charge |
Rs. 40.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest @12.50% p.a. or at such rates as may be from time to
time be fixed by the Bank and notified to the Borrower. Terms of Repayment Term loans to be
repaid within 78 months form date of first disbursement as under, 59 Monthly
installments of Rs.1.335 Millions 1 Monthly installment of Rs.1.235 Millions
With a moratorium period of 18 months from the date of first disbursement. Margin 25% Extent and Operation of the charge The Charge will
operate to the extent of Rs.40.000 Millions on the Security offered by the
Company. Others NIL |
|
Short particulars
of the property charged |
The Borrower
Company doth hereby hypothecate to and in favour of the Bank all the
Computer's, Furniture / Fixtures, Office equipments. etc., tangible movable
property (both present and future) belonging to the Borrower and lying and being at the Borrower's place
of business at: Madhushree, Plot No. 85, District Business Centre, Sector -
17, Vashi, Navi Mumbai. |
FIXED ASSETS:
Tangible assets:
Ø
Computers
Ø
Furniture and Fixture
Ø
Motor Car
Ø
Office Equipment
Intangible assets:
Ø
Software
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] 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. 54.56 |
|
|
1 |
Rs. 87.46 |
|
Euro |
1 |
Rs. 71.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
TOTAL |
|
32 |
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.