|
Report Date : |
12.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
MICROPOINT COMPUTERS PRIVATE LIMITED (w.e.f. 18.10.2012) |
|
|
|
|
Formerly Known
As : |
MICROPOINT COMPUTERS LIMITED |
|
|
|
|
Registered
Office : |
Gala No. 17 and 18 Navketan Industrial Estate, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.03.2002 |
|
|
|
|
Com. Reg. No.: |
11-135224 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2002PLC135224 |
|
|
|
|
IEC No.: |
0300033559 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUIMM19091C MUMM15875G MUMD13601A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM8590Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Distributor of Computer Peripherals |
|
|
|
|
No. of Employees
: |
270 (Approximately) |
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 100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Latest
financial i.e. 2011-12 are missing from the government department. From the
financial of the year 2011, the company seems to be progressing well. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and condition. |
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 INFORMATION)
|
Name : |
Mr. Kundal |
|
Designation : |
Accountants |
|
Contact No.: |
91-22-40956326 |
|
Date : |
10.12.2012 |
LOCATIONS
|
Registered Office : |
Gala No. 17 and 18 Navketan Industrial Estate, |
|
Tel. No.: |
91-22-40956363 / 26106226 / 40956301 |
|
Mobile No.: |
91-9820222863 (Mr. Yogesh Deosthali) |
|
Fax No.: |
91-22-26106217 / 26870250 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Shop No1/2, Siddhivinayak Jewel, Sector No 11, Plot No 11, Behind
Krishma Hotel, Kamote Colony, Navi Mumbai 410209, Maharashtra, India |
|
Area : |
1200 Sq. Ft |
|
Location : |
Rented |
|
|
|
|
Regional Office : |
Located at: ·
·
Chennai ·
·
Navi Mumbai ·
Kolkata ·
|
|
|
|
|
International Office: |
1, |
|
Tel. No.: |
91-65-63372472/3/5 |
|
Fax No.: |
91-65-63374070 |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Chetan Ramaniklal Goyani |
|
Designation : |
Director |
|
Address : |
201 / A, Hare Krishna Apartments, 2nd Floor, P M Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
|
Date of Birth/Age : |
31.12.1963 |
|
Date of Appointment : |
19.03.2002 |
|
DIN No.: |
00241224 |
|
|
|
|
Name : |
Mr. Amul Damodar Mahale |
|
Designation : |
Director |
|
Address : |
11 / 86, Unnat Nagar No. 3,, Off M G Road, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
03.03.1967 |
|
Date of Appointment : |
19.03.2002 |
|
DIN No.: |
00241284 |
|
|
|
|
Name : |
Mr. Gangadharan Narayanan Pothen |
|
Designation : |
Additional director |
|
Address : |
A 204, Jhaveri Residency CHS Limited, Chulna Bhopala Road, Vasai Road West, Mumbai – 401202, Maharashtra, India |
|
Date of Birth/Age : |
28.03.1963 |
|
Date of Appointment : |
21.08.2012 |
|
DIN No.: |
06360080 |
KEY EXECUTIVES
|
Name : |
Mr. Kundal |
|
Designation : |
Accountants |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Chetan Goyani |
20310 |
|
Amul Mahale |
22385 |
|
Shilpa Goyani |
4615 |
|
Suchita Mahale |
2540 |
|
Chetan Goyani HUF |
50 |
|
Nirmala Naik |
50 |
|
Chetan Goyani Jointly with Shipa Goyani |
25 |
|
Amul Mahale Jointly with Suchita Mahale |
25 |
|
Total |
50000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Computer Peripherals |
|
|
|
|
Products : |
Computer Peripherals |
|
|
|
|
Imports : |
|
|
Products : |
Computer Peripherals |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
|
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
270 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Yatin C Shah and associates Chartered Accountants |
|
Address : |
306, Goyal Trade Centre, Shantivan, Opposite HDFC Bank, Borivali
(East), Mumbai-400066, |
|
Tel. No.: |
91-22-28967082/28962159 |
|
Fax No.: |
91-22-28967082 |
|
E-Mail : |
|
|
PAN No.: |
AALPS7699J |
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500
Million |
|
|
|
|
|
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 |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
34.659 |
26.464 |
20.878 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
35.159 |
26.964 |
21.378 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.00 |
0.000 |
0.316 |
|
|
2] Unsecured Loans |
2.984 |
5.862 |
1.707 |
|
|
TOTAL BORROWING |
2.984 |
5.862 |
2.023 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.065 |
0.336 |
|
|
|
|
|
|
|
|
TOTAL |
38.143 |
32.891 |
23.737 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.659 |
11.587 |
13.843 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.218 |
0.218 |
0.218 |
|
|
DEFERREX TAX ASSETS |
0.117 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
25.911
|
11.257 |
3.113 |
|
|
Sundry Debtors |
72.799
|
54.203 |
45.523 |
|
|
Cash & Bank Balances |
43.264
|
32.875 |
30.142 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
17.414
|
9.990 |
8.922 |
|
Total
Current Assets |
159.388
|
108.325 |
87.700 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
72.105
|
40.977 |
27.841 |
|
|
Other Current Liabilities |
52.457
|
43.610 |
46.144 |
|
|
Provisions |
6.677
|
2.652 |
4.043 |
|
Total
Current Liabilities |
131.239
|
87.239 |
78.028 |
|
|
Net Current Assets |
28.149
|
21.086 |
9.672 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.004 |
|
|
|
|
|
|
|
|
TOTAL |
38.143 |
32.891 |
23.737 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
474.000 |
272.997 |
348.639 |
|
|
|
Other Income |
1.457 |
4.967 |
8.285 |
|
|
|
TOTAL (A) |
475.457 |
277.964 |
356.924 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
404.336 |
218.269 |
292.707 |
|
|
|
Employees Cost |
41.577 |
35.727 |
33.708 |
|
|
|
Administrative and Selling Cost |
14.409 |
11.610 |
16.738 |
|
|
|
Preliminary Expenses |
0.000 |
0.004 |
0.004 |
|
|
|
Excess Income Tax Provisions of Earlier years |
0.000 |
0.476 |
0.452 |
|
|
|
Prior Period Expenses |
0.022 |
0.530 |
0.000 |
|
|
|
Dividend Payment not approved by shareholder |
0.000 |
(1.000) |
0.000 |
|
|
|
General Reserves |
0.000 |
(0.100) |
0.000 |
|
|
|
Dividend Distribution Tax |
0.000 |
(0.169) |
0.000 |
|
|
|
TOTAL (B) |
460.344 |
265.347 |
343.609 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
15.113 |
12.617 |
13.315 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.148 |
2.115 |
0.751 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.965 |
10.502 |
12.564 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.927 |
2.435 |
3.248 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12.038 |
8.067 |
9.316 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.843 |
2.382 |
3.541 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.195 |
5.685 |
5.775 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.100 |
|
|
|
Dividend |
0.000 |
0.000 |
1.000 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
0.170 |
|
|
BALANCE CARRIED
TO THE B/S |
8.195 |
5.685 |
4.505 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
8.204 |
14.126 |
NA |
|
|
TOTAL IMPORTS |
8.204 |
14.126 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.72
|
2.05 |
1.62 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.54
|
2.95 |
2.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.12
|
6.73 |
9.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.30 |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.82
|
3.46 |
3.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21
|
1.24 |
1.12 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry
Creditors
(Rs
in millions)
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors for materials |
67.693
|
37.199 |
23.313 |
|
Sundry Creditors for Expenses |
4.412
|
3.778 |
4.528 |
|
Total |
72.105
|
40.977 |
27.841 |
|
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 |
Yes |
|
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) |
Yes |
|
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 |
NOTE:
The registered office of the company has been shifted from 9 and 10, East Bharat Kunj, Shradhanand Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India to present address w.e.f. 29.06.2006
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of charge |
|
Corporate identity number of the company |
U72200MH2002PLC135224 |
|
Name of the company |
MICROPOINT
COMPUTERS LIMITED |
|
Address of the registered office or of the
principal place of business in |
Gala No. 17 and
18 Nvaaketan Industrial Estate, |
|
Type of charge |
|
|
Particular of charge holder |
IDBI Bank Limited, City SME Centre, 161, 16th Centre, C Wing, Mitttal Court, Nariman Point, Mumbai - 400021, Maharashtra, India |
|
Nature of description of the instrument
creating or modifying the charge |
Loan Cum Hypothecation Agreement dated
27th January, 2010. |
|
Date of instrument Creating the charge |
27.01.2010 |
|
Amount secured by the charge |
Rs. 54.000 Millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest @BPLR payable monthly
on Cash Credit Facility and @1.25% p.a. on Bank Guarantee provided. Terms of Repayment On Demand Margin For Cash Credit Facility:- Stock - 25% Book Debts (up to 90 day) - 40% For Bank Guarantee:- 10% Margin on Fixed Deposits Extent and Operation of the
charge As mentioned in the Loan Cum Hypothecation
Agreement dated 27th January, 2010 and Sanction Letter of IDBI Ban |
|
Short particulars of the property charged |
Fixed Deposits of Rs.3.719 Millions and LIC Policies of Rs.0.800 Million
1. Mr. Mayank Shah 2. Mr. Chetan Goyani 3. Mr. Amul Mahale |
MANAGEMENT DISCUSSION AND ANALYSIS
Company Financial
Review
In the year 2010-11 the Company had mainly focused on improving the sales for the year and the Company's management was successful in achieving an 74% growth in the sales by increased sales of Rs. 201.000 Millions. The company has successfully managed to increase and focus on the sales.
Business Review
The Management is very positive on the prospects of the Company's Business as proven by previous year’s sales figures and achieving an average growth in company's sales by 30-40% in the next 5 years.
FIXED ASSETS
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. 54.32 |
|
|
1 |
Rs. 87.36 |
|
Euro |
1 |
Rs. 70.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
NO |
|
--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.