|
Report Date : |
10.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
MERIDIAN INFOTECH LIMITED |
|
|
|
|
Formerly Known
As : |
MERIDIAN INFOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
201-202, Vice Regal, 15 Punit Nagar, Off |
|
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.11.1995 |
|
|
|
|
Com. Reg. No.: |
04-028142 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.985 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007GJ1995PLC028142 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDM01011D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM3420E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Service Provider of System Integration and Trader of Networking
Parts |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 77000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track. The latest
financial is missing from government department. However, from the previous year record the company appears to be
satisfactory. Trade relations are reported to be fair. Business is active.
Payments are reported to be unknown. The company can be considered for normal 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 (GENERAL DETAILS)
|
Name : |
Mr. Hitesh Pathak |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-265-6544741 |
|
Date : |
10.12.2012 |
LOCATIONS
|
Registered Office : |
201-202, Vice Regal, 15 Punit Nagar, Off Old Padra Road,
Vadodara-390015, Gujarat, India |
|
Tel. No.: |
91-265-6544741 / 2357499 |
|
Fax No.: |
91-265-2357499 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Bhavesh Dhanvanrai Buddhadev |
|
Designation : |
Director |
|
Address : |
55, Sangeeta Apartments, Opposite Akota Stadium, Vadodara-390020,
Gujarat, India |
|
Date of Birth/Age : |
03.04.1970 |
|
Date of Appointment : |
16.11.1995 |
|
DIN No.: |
00326827 |
|
|
|
|
Name : |
Mr. Jayesh Dhirajlal Buddhadev |
|
Designation : |
Director |
|
Address : |
702, Rajeshri Acord, Tally Gully Cross Lane, Off S. N. Road, Andheri (East),
Mumbai-400069, Maharashtra, India |
|
Date of Birth/Age : |
18.07.1962 |
|
Date of Appointment : |
16.11.1995 |
|
DIN No.: |
00995070 |
|
|
|
|
Name : |
Mr. Devang Dhimantray Jasani |
|
Designation : |
Director |
|
Address : |
GF, 1, Parisharm Apartment, Swati, 76, vishwas Colony, Alkapuri,
Vadodara-390007, Gujarat, India |
|
Date of Birth/Age : |
22.06.1972 |
|
Date of Appointment : |
19.05.2010 |
|
DIN No.: |
01027764 |
KEY EXECUTIVES
|
Name : |
Mr. Hitesh Pathak |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Jayesh Buddhdev |
125888 |
|
Bhavesh Buddhdev |
205426 |
|
Hemangi Buddhdev |
68336 |
|
Mehul Buddhdev |
4700 |
|
Atul Patel |
9990 |
|
Associated Infotech Limited, India |
39600 |
|
Jayesh Buddhdev |
38575 |
|
R. L. Capital Private Limited, India |
6000 |
|
TOTAL |
498515 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
9.15 |
|
Directors or relatives of Directors |
88.85 |
|
Other top fifty shareholders |
2.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service Provider of System Integration and Trader of Networking Parts |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
·
State Bank of India, Small and Medium
Enterprises, City Credit Centre, Commerce Centre, 6th Floor,
Opposite BBC Tower, Sayaji Gunj, Vadodara-390005, Gujarat, India ·
ICICI Bank Limited ·
Syndicate Bank, Opposite Hotel Express, Alkapuri,
R. C. Dutt Road, baroda – 390005, Gujarat, India |
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Facilities : |
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|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jayesh Mehta Chartered Accountant |
|
Address : |
2, Maruti Apartment, 31, Haribhakti Colony, Race Course,
Vadodara-390007, Gujarat, India |
|
Tel. No.: |
91-265-2336428 / 2357339 / 2357340 / 3249955 |
|
Mobile No.: |
91-265-2313348 |
|
Pan No.: |
AAUPM0084G |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
498515 |
Equity Shares |
Rs.10/- each |
Rs. 4.985
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 |
4.985 |
4.985 |
4.985 |
|
|
2] Share Application Money |
2.200 |
3.400 |
0.000 |
|
|
3] Reserves & Surplus |
12.135 |
8.190 |
4.522 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
19.320 |
16.575 |
9.507 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.856 |
(1.976) |
1.382 |
|
|
2] Unsecured Loans |
4.739 |
0.622 |
0.000 |
|
|
TOTAL BORROWING |
9.595 |
(1.354) |
1.382 |
|
|
DEFERRED TAX LIABILITIES |
0.316 |
0.219 |
0.100 |
|
|
|
|
|
|
|
|
TOTAL |
29.231 |
15.440 |
10.989 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.635 |
3.016 |
2.251 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.001 |
0.001 |
0.001 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12.418
|
7.167 |
8.471 |
|
|
Sundry Debtors |
28.378
|
19.308 |
7.286 |
|
|
Cash & Bank Balances |
0.583
|
0.516 |
1.624 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
1.812
|
2.217 |
3.038 |
|
Total
Current Assets |
43.191
|
29.208 |
20.419 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
16.167
|
15.434 |
10.860 |
|
|
Other Current Liabilities |
0.977
|
0.733 |
0.478 |
|
|
Provisions |
0.452
|
0.618 |
0.344 |
|
Total
Current Liabilities |
17.596
|
16.785 |
11.682 |
|
|
Net Current Assets |
25.595
|
12.423 |
8.737 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
29.231 |
15.440 |
10.989 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
102.480 |
48.379 |
47.105 |
|
|
|
Commission |
0.000 |
6.588 |
4.678 |
|
|
|
Other Income |
0.756 |
0.266 |
0.063 |
|
|
|
TOTAL (A) |
103.236 |
55.233 |
51.846 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material |
89.143 |
40.840 |
41.539 |
|
|
|
Administrative Expenses |
3.874 |
4.721 |
2.842 |
|
|
|
Employee Benefits and Related Costs |
3.937 |
4.096 |
4.022 |
|
|
|
Fringe Benefit Tax |
0.000 |
0.000 |
0.044 |
|
|
|
TOTAL (B) |
96.954 |
49.657 |
48.447 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.282 |
5.576 |
3.399 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.211 |
0.080 |
0.124 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.071 |
5.496 |
3.275 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.267 |
0.161 |
0.117 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.804 |
5.335 |
3.158 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.860 |
1.667 |
0.958 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.944 |
3.668 |
2.200 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.640 |
3.972 |
1.772 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
11.584 |
7.640 |
3.972 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Interest, Dividend and Other Income |
0.000 |
6.588 |
4.628 |
|
|
TOTAL EARNINGS |
0.000 |
6.588 |
4.628 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.91 |
7.36 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.82
|
6.64 |
4.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.66
|
11.03 |
6.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.39
|
16.56 |
13.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.32 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.42
|
0.94 |
1.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.45
|
1.74 |
1.75 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
Creditors for Goods |
12.659 |
12.280 |
9.408 |
|
Creditors for Expenses |
3.508 |
3.154 |
1.452 |
|
|
|
|
|
|
TOTAL |
16.167 |
15.434 |
10.860 |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
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 |
OPERATIONAL ACTIVITIES,
INCOME AND PROFITABILITY FUTURE OUTLOOK:
The service income
of the Company has been increased to Rs. 5.082 Millions during the year as
compared to previous year’s service income of Rs. 4.778 Millions. Similarly the
total sales increased to Rs. 97.400 Millions as compared to sales of Rs. 43.631
Millionss. Accordingly there was more than 100% growth in business operation
witness by the Company. As a result the total income of the Company has been
increased from Rs. 55.233 Millions in last year to Rs. 103.237 Millions during
the year. The Net profit after tax was increased from 3.668 Millions to
Rs.3.944 Millions during the year. The directors feel that the above financial
results are quite satisfactory.
The directors are
conscious about the value of services being expected by its customers and
therefore they do constantly monitor the services being provided by the
Company. The reputation created over a period of time by the Company has made
it more responsible to provide value added services to its customers. The
directors are taking all efforts to maintain that reputation by providing
quality and timely services to the customers of the Company. The directors
expect that the sales and profits will increase in the current financial year
too.
FORM 8
|
Corporate
identity number of the company |
U30007GJ1995PLC028142 |
|
Name of the
company |
MERIDIAN INFOTECH
LIMITED |
|
Address of the
registered office or of the principal place of business in |
201-202, Vice Regal, 15 Punit Nagar, Off Old Padra Road, Vadodara-390015, Gujarat, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10259569 |
|
Type of charge |
Immovable
property Book debts Floating charge |
|
Particular of
charge holder |
State Bank of India, Small and Medium Enterprises, City Credit Centre, Commerce Centre, 6th Floor, Opposite BBC Tower, Sayaji Gunj, Vadodara-390005, Gujarat, India |
|
Nature of instrument
creating charge |
Memorandum
Relating To Deposit Of Title Deeds |
|
Date of
instrument Creating the charge |
11.02.2011 |
|
Amount secured by
the charge |
Rs. 8.900
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest 3.75% Above SBR
which is 7.60% at present, i.e. effective rate of interest 11.35% p.a. Terms of repayment Cash Credit
repayable on demand. Margin Stock: 25% Book Debts: 50% Extent and operation of the charge The Charge by way
of Hypothecation of stocks and book debts and Equitable mortgage on immovable
properties comprising of land and building situated at Flat No. 201-202 and
305 of Vice Regal, O P Road, Baroda. Operates as security to secure the
aggregate credit facilities of Rs. 8.900 Millions together with interest,
cost, charges etc. Other As per documents
executed in favour of bank from time to time. |
|
Short particulars
of the property charged (Including location of the property) |
Reg. District
Vadodara Sub District Vadodara of land bearing RS No. 254 Paiki TPS No.1, FP
No. 557 of Sub Plot no. 15 in the scheme Known as "Vice Regal" on
2nd Floor,Flat No. 201 - 202 at O P Road, Baroda. Reg. District
Vadodara Sub District Vadodara of land bearing RS No. 254 paiki TPS No.1, FP
No. 557 of Sub Plot no. 15 in the scheme Known as "Vice Regal" on
3rd Floor, Flat No. 305 at O P Road, Baroda Hypothecation of
stocks and Book debts. |
|
Particulars of
the present modification |
There is no
change in limit. The limit of Rs. 8.900 Millions which was earlier secured by
hypothecation of stocks and book debts as per charge created on 24.12.2010
and regd. by ROC on 18.01.2011 is now also further secured by immovable
properties comprising of land and building situated at Flat No. 201-202 and
305 of Vice Regal, O P Road, Baroda. |
FIXED ASSETS
·
Building
·
Plant and Machinery
·
Air Conditioner
·
Digital Camera
·
Electrical Installation
·
Fax Machine
·
Drill Machine
·
Networking Tools
·
Water Cooler
·
Mobile Phone
·
Furniture and Fixtures
·
Office Equipment
·
Vehicles
·
Cycle
·
License Software
·
Computer and Printer
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.54.20 |
|
|
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
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.