MIRA INFORM REPORT
|
Report Date : |
11.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
INSPIRA ENTERPRISE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 23, Level-2, Kalptaru Square, Kondivita Lane, Ram Krishna Mandir
Road, Andheri (East), Mumbai-400059, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.10.2008 |
|
|
|
|
Com. Reg. No.: |
11-187215 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.60.435
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40109MH2008PTC187215 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AABCI9669R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trading and Servicing of Networking Equipments. |
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|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1200000 |
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|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually 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 usually
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 DECLINED BY
|
Name : |
Mr. Chetan Bhatt |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-22-40569999 |
|
Date : |
10.12.2012 |
LOCATIONS
|
Registered Office : |
Unit No. 23, Level-2, Kalptaru Square, Kondivita Lane, Ram Krishna
Mandir Road, Andheri (East), Mumbai-400059, Maharashtra, India |
|
Tel. No.: |
91-22-40569999 |
|
Fax No.: |
91-22-40569966 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
New Delhi: Unit No. 006-A, Ground Floor, Copia Corporate Suites, Plot No. 9,
Jasola District Centre, New Delhi-110076, India Tel No.: 91-11-40576283 Bangalore: Unit No. 404, 4th Floor, Prestige Meridian-1, # 29, M.G.
Road, Bangalore-560001, Karnataka, India Tel No.: 91-80-40904794 Hyderabad: Regus Mid-Town, 1st Floor, Mid Town Plaza, Road No. 1,
Banjara Hills, Hyderabad-500033, Andhra Pradesh, India Kolkata: Ganapati Park, Block “D”, Flat 2X, AH-51, Krishnapur Road, Samarpalli,
Ghoshpara, Kestopur, Kolkata-700102,West Bengal, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Chetan Prakash Jain |
|
Designation : |
Director |
|
Address : |
Manju Villa, 26, Vithal Nagar, Co-operative Society, JVPD, Vile Parle
(West), Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1977 |
|
Date of Appointment : |
01.10.2008 |
|
Din No.: |
00183390 |
|
|
|
|
Name : |
Mr. Prakash Bhurmal Jain |
|
Designation : |
Director |
|
Address : |
Manju Villa, 26, Vithal Nagar, Co-operative Society, JVPD, Vile Parle (West),
Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
11.02.1951 |
|
Date of Appointment : |
01.10.2008 |
|
Din No.: |
00482154 |
|
|
|
|
Name : |
Mr. Vishal Prakash Jain |
|
Designation : |
Director |
|
Address : |
Manju Villa, 26, Vithal Nagar, Co-operative Society, JVPD, Vile Parle
(West), Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
15.03.1984 |
|
Date of Appointment : |
14.05.2010 |
|
Din No.: |
02991811 |
KEY EXECUTIVES
|
Name : |
Mr. Manoj Kanodia |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Sanjaykumar Dhoot |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Mr. Rajesh Jain |
|
Designation : |
Chief Technical Officer |
|
|
|
|
Name : |
Mr. Rohan Dholakia |
|
Designation : |
Chief Marketing Officer |
|
|
|
|
Name : |
Mr. Ajay Sarin |
|
Designation : |
Chief Operating Officer [Biometrics] |
|
|
|
|
Name : |
Mr. Rajesh Srinivasan |
|
Designation : |
Human Resources [Head] |
|
|
|
|
Name : |
Mr. Sushil Kumar Paliwal |
|
Designation : |
Chief Operating Officer [Solar] |
|
|
|
|
Name : |
Mr. Vineet Hingar |
|
Designation : |
VP-BFSI [SI and Biometric] |
|
|
|
|
Name : |
Mr. Sachin Poptani |
|
Designation : |
Head Legal and Commercial |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Prakash Bhurmal Jain |
|
3450000 |
|
Chetan Prakash Jain |
|
50000 |
|
Manjula Prakash Jain |
|
1100000 |
|
P.M. Investments Limited, Mauritius |
|
1443565 |
|
|
|
|
|
TOTAL
|
|
6043565 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
23.89 |
|
Directors
or relatives of directors |
|
76.11 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading and Servicing of Networking Equipments. |
||||
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||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
|||||||||
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|
|||||||||
|
Bankers : |
Yes Bank Limited,
9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant
Road, Worli, Mumbai-400018, Maharashtra, India |
|||||||||
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|
|||||||||
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lodha and Company Chartered Accountants |
|
Address : |
208, Rewa Chambers, 31, New Marine Lines, Mumbai-400020, Maharashtra,
India |
|
PAN No: |
AABFL1894Q |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6500000 |
Equity Shares |
Rs.10/- each |
Rs.65.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6043565 |
Equity Shares |
Rs.10/- each
|
Rs.60.435
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 |
60.435 |
46.000 |
0.100 |
|
|
2] Share Application Money |
0.000 |
10.000 |
4.900 |
|
|
3] Reserves & Surplus |
239.824 |
1.654 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(6.647) |
|
|
NETWORTH |
300.259 |
57.654 |
(1.647) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
88.000 |
156.015 |
0.555 |
|
|
TOTAL BORROWING |
88.000 |
156.015 |
0.555 |
|
|
DEFERRED TAX LIABILITIES |
1.158 |
0.000 |
0.103 |
|
|
|
|
|
|
|
|
TOTAL |
389.417 |
213.669 |
(0.989) |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
51.482 |
13.322 |
3.619 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
115.187
|
11.371 |
3.074 |
|
|
Sundry Debtors |
173.007
|
201.285 |
14.466 |
|
|
Cash & Bank Balances |
42.864
|
108.827 |
1.530 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
76.969
|
32.728 |
2.433 |
|
Total
Current Assets |
408.027
|
354.211 |
21.503 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
55.590
|
140.542 |
23.053 |
|
|
Other Current Liabilities |
13.597
|
13.038 |
2.701 |
|
|
Provisions |
0.905
|
0.284 |
0.357 |
|
Total
Current Liabilities |
70.092
|
153.864 |
26.111 |
|
|
Net Current Assets |
337.935
|
200.347 |
(4.608) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
389.417 |
213.669 |
(0.989) |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
456.390 |
19.461 |
|
|
|
Other Income |
|
14.014 |
0.000 |
|
|
|
TOTAL |
1117.168 |
470.404 |
19.461 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
316.563 |
15.231 |
|
|
|
Staff Cost |
|
52.419 |
1.504 |
|
|
|
Administrative and Others Expenses |
|
95.880 |
10.453 |
|
|
|
Increase / Decrease in Stocks |
|
(8.297) |
(3.074) |
|
|
|
TOTAL |
1078.375 [Including
Financial Expenses and Depreciation] |
456.565 |
24.114 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
13.839 |
(4.653) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
2.694 |
1.568 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
38.793 |
11.145 |
(6.221) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
17.158 |
2.843 |
0.426 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
21.635 |
8.302 |
(6.647) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.655 |
(6.647) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
23.290 |
1.655 |
(6.647) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Marketing Fees and Commission |
5.031 |
27.224 |
5.553. |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
NA |
222.885 |
11.631 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.57 |
12.65 |
(1329.48) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.94
|
1.76 |
(34.15) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.44 |
(31.97) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.44
|
3.03 |
(24.76) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.19 |
3.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.53
|
5.37 |
(16.19) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.82
|
2.30 |
0.82 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
55.590
|
140.542 |
23.053 |
|
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 |
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 |
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] |
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:
The registered office of the company has been shifted from 401-404, ‘B’ Wing, Dynasty Business Park, Andheri Kurla Road, JB Nagar, Andheri (East), Mumbai-400059, Maharashtra, India to the present address w.e.f. 14.05.2010.
BACKGROUND:
Subject is engaged in the trading and
servicing of networking equipment.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U40109MH2008PTC187215 |
|
Name of the
company |
INSPIRA
ENTERPRISE INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Unit No. 23, Level-2, Kalptaru Square, Kondivita Lane, Ram Krishna
Mandir Road, Andheri (East), Mumbai-400059, Maharashtra, India |
|
Type of charge |
Book Debts Floating Charge Others |
|
Particular of
charge holder |
Yes Bank Limited,
9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant
Road, Worli, Mumbai-400018, Maharashtra, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
First
Pari-passu Charge over all Current
Asstes of the Borrower |
|
Date of instrument
Creating the charge |
28.03.2011 |
|
Amount secured by
the charge |
Rs.205.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest BG performance=1%
p.a, BG Financial=1%p.n, Cash Credit I 4% above YBL base rate, WCDL cost of
funds+1% p.a. (To be decided at the time of disbursement)., Cash Credit II 4%
above YBL base rate, Terms of Repayment Cash Credit I
& Cash Credit II on demand. BC, BG, Sales
Invoice discounting On Maturity. Margin BC=FD for 20% of
the value of LOU for Buyers Credit. LC-FD OF 20% OF
VALUE OF LC BG(PERFORMANCE)-FD
OF 20% VALUE OF BG BG(FINANCIAL)-FD
OF 20% VALUE OF BG Sales
invoice=margin 10% Cash Credit I=DP
Calculation: 75% (Stock<90days + Debtors<120days-Creditors) WCDL=DP
Calculation: 75% (Stock<90days + Debtors<120days-Creditors) Cash Credit-II=DP
Calculation: 75% (Stock<90days + Debtors<120days-Creditors) Extent and Operation of the charge First pari passu
charge on entire current assets more specifically mentioned in the Deed of
Hypothecation dated March 28th 2011. |
|
Short particulars
of the property charged |
First pari passu
charge on entire current assets ( More specifically mentioned in the Deed of
Hypothecation dated March 28th 2011) |
FIXED ASSETS:
- Office
Equipments
- Computer
- Vehicles
- Furniture and
Fixtures
- Leasehold
Improvement
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.54.34 |
|
|
1 |
Rs.87.09 |
|
Euro |
1 |
Rs.70.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
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 |
|
45 |
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.