MIRA INFORM REPORT
|
Report Date : |
12.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
VINTECH ELECTRONIC SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
15/A, Vrindavan No. 2 Co-operative Housing Society, Pashan, Pune – 411
008, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
01.04.2004 |
|
|
|
|
Com. Reg. No.: |
11-019076 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.114 Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
U72200pn2004ptc019076 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
Pnev04175D |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business : |
Dealers and Distributor of Computer Peripherals, Printer, Hardware and
Software Products. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Company
has performed well in the current year. Performance capacity is appreciating.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitments. 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
NSIC CRISIL |
|
Rating |
SE 2 B |
|
Rating Explanation |
Performance capacity is high and financial strength seem to be
moderate. |
|
Date |
March 2012 |
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. Pradeep Kulkarni |
|
Designation : |
Director |
|
Contact No.: |
91-9881724141 |
|
Date : |
10.12.2012 |
LOCATIONS
|
Registered Office : |
15/A, Vrindavan No. 2 Co-operative Housing Society, Pashan, Pune – 411
008, Maharashtra, India |
|
Tel. No.: |
91-20-25666233 |
|
Mobile No.: |
91-9881724141 (Mr. Pradeep Kulkarni) |
|
Fax No.: |
91-20-25666235 |
|
E-Mail : |
info@vintechin.com |
|
Website : |
www.vintechin.com |
|
Area : |
2000 Sq.fts |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Flat No. A1 - A2, Ushahkal Shree Prajakta Co-operative
Housing Society, |
|
Tel. No.: |
91 -20 2566 6233/34/35 |
|
Fax No.: |
91 -20 2566 6233/34/35 |
|
E-Mail : |
info@vintechin.com sales@vintechin.com services@vintechin.com |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Chandan Arvind Joshi |
|
Designation : |
Director |
|
Address : |
8, Harikripa, Plot 33, Lane 10, Dahanukar Colony. Kothrud, Pune – 411
029, Maharashtra, India |
|
Date of Birth/Age : |
14.01.1969 |
|
Date of Appointment : |
20.05.2009 |
|
DIN No.: |
00089837 |
|
|
|
|
Name : |
Mr. Dilip Devagouda Patil |
|
Designation : |
Director |
|
Address : |
3, Avishkar, Patwardhan Baug, S No. 24/2/2/, Erandawane, Pune – 411
004, Maharashtra, India |
|
Date of Birth/Age : |
18.03.1969 |
|
Date of Appointment : |
20.05.2009 |
|
DIN No.: |
00089870 |
|
|
|
|
Name : |
Mr. Sushil Vijay Kulkarni |
|
Designation : |
Director |
|
Address : |
E-7, Sai Ganesh Complex, Karve Nagar, Opposite Foodworld, Pune – 411
052, Maharashtra, India |
|
Date of Birth/Age : |
26.08.1963 |
|
Date of Appointment : |
20.05.2009 |
|
DIN No.: |
00089890 |
|
|
|
|
Name : |
Mr. Rajeev Shseshrao Patayeet |
|
Designation : |
Director |
|
Address : |
15 A Pushkar Vrindavan Sector A and B Housing society, Pashan, Pune –
411 008, Maharashtra, India |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
01933760 |
|
|
|
|
Name : |
Mr. Chintamani Shyamrao Lele |
|
Designation : |
Director |
|
Address : |
7 Amod Vihar 48, Gujarat Colony, kothrud,
Pune – 411 038, Maharashtra, India |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
01933923 |
|
|
|
|
Name : |
Mr. Pradeep Prabhakar Kulkarni |
|
Designation : |
Director |
|
Address : |
635 Kasba Peth, Pune – 411 011, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1953 |
|
Date of Appointment : |
20.05.2009 |
|
DIN No.: |
02607516 |
|
|
|
|
Name : |
Mr. Mahesh Vishnu Nanivadekar |
|
Designation : |
Director |
|
Address : |
Flat No. 11, Meghalaya Lane No. 7, Dahanukar Colony, Kothrud, Pune –
411029, Maharashtra, India |
|
Date of Birth/Age : |
23.02.1975 |
|
Date of Appointment : |
04.06.2009 |
|
DIN No.: |
02663373 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Chintamani Shyamrao Lele |
500 |
|
Rajeev Shseshrao Patayeet |
500 |
|
Chandan A Joshi |
45 |
|
Dilip D Patil |
45 |
|
Sushil V Kulkarni |
45 |
|
TOTAL
|
1135 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealers and Distributor of Computer Peripherals, Printer, Hardware and
Software Products. |
|
|
|
|
Products : |
Hardware ·
Business PCs ·
Business Notebooks ·
Handhelds, PDAs and Smart Phones ·
Workstations ·
Servers ·
Imaging and Printing Products ·
Networking ·
Power Protection Products ·
Storage ·
Genuine Accessories and Option Software ·
Microsoft OEM Products ·
Microsoft Volume Licensing ·
Antivirus ·
HP Software Office
Automation ·
Photo copiers ·
Projectors ·
Fax machines |
|
|
|
|
Agencies Held : |
|
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
End Users, Corporate
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P R Achyut and Company Chartered Accountant |
|
Address : |
Flat No.3, Seoul-a, Co-operative Housing Society, Gandhibhavan Road,
Kothrud, Pune-411038, Maharashtra, India |
|
PAN No.: |
ABPPA7694A |
|
|
|
|
Sister Concern : |
Phoebus Technologies Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.100/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1135 |
Equity Shares |
Rs.100/-
each |
Rs. 0.114
Million |
|
|
|
|
|
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 |
0.114 |
0.114 |
0.113 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
31.641 |
17.060 |
11.311 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
5] Share Premium |
0.000 |
0.000 |
0.861 |
|
|
NETWORTH |
31.755 |
17.174 |
12.285 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
18.430 |
8.226 |
13.906 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
18.430 |
8.226 |
13.906 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
50.185 |
25.400 |
26.191 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.771 |
8.798 |
2.024 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.971 |
0.957 |
0.924 |
|
|
DEFERREX TAX ASSETS |
0.065 |
0.054 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5.812
|
4.667 |
3.872
|
|
|
Sundry Debtors |
23.767
|
18.794 |
19.138
|
|
|
Cash & Bank Balances |
0.772
|
2.705 |
1.286
|
|
|
Other Current Assets |
35.031
|
23.903 |
20.832
|
|
|
Loans & Advances |
0.649
|
0.745 |
1.010
|
|
Total
Current Assets |
66.031
|
50.814 |
46.138 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
21.677
|
27.826 |
18.759
|
|
|
Other Current Liabilities |
5.904
|
5.122 |
(2.987)
|
|
|
Provisions |
3.072
|
2.275 |
7.152
|
|
Total
Current Liabilities |
30.653
|
35.223 |
22.924 |
|
|
Net Current Assets |
35.378
|
15.591 |
23.214
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.029 |
|
|
|
|
|
|
|
|
TOTAL |
50.185 |
25.400 |
26.191 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
300.107 |
203.142 |
145.308 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
285.538 |
196.230 |
141.283 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
14.569 |
6.912 |
4.025 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.961 |
3.047 |
1.275 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
7.608 |
3.865 |
2.750 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
9.555 |
0.905 |
0.432 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6703.29 |
3405.38 |
1844.04 |
|
Expected Sales (2012-2013) : Rs. 320.000 Millions
The above information has been parted by Mr. Pradeep Kulkarni.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.54
|
1.90 |
1.89
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.47
|
11.58 |
8.36
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.46
|
0.40 |
0.33
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.55
|
2.53 |
3.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.15
|
1.44 |
2.01
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
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 |
Yes |
|
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 |
Yes |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
21.677
|
27.826 |
18.759
|
|
|
|
|
|
|
TOTAL |
21.677
|
27.826 |
18.759
|
SUNDRY CREDITORS
PARTIAL DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
|
|
|
|
Alpha Inc |
0.159 |
0.000 |
|
|
Hewlett Packard India Sales Private Limited |
1.431 |
0.192 |
|
|
Ingram Micro India Limited |
8.961 |
15.297 |
|
|
Neoteric Informatique Limited |
0.953 |
0.293 |
|
|
Phoebus Technologies Private Limited |
1.521 |
1.521 |
18.759 |
|
Redington (India) Limited |
6.247 |
4.964 |
|
|
Savex Computers Limited |
0.702 |
2.848 |
|
|
Sujata Computers Private Limited |
0.323 |
0.249 |
|
|
Sagar Compu Agency |
0.005 |
0.009 |
|
|
Rashi Peripherails Private Limited |
0.337 |
0.506 |
|
|
Simtech Computronics Private Limited |
0.093 |
0.186 |
|
BACKGROUND
Subject was
incorporated on 1st April 2004 as a private limited company under the Companies
Act, 1956.
The Principle activity
of the company is to carry on the business of Manufacturing of hardware,
installation, implementation, up gradation, reengineering, consultancy,
training, in computer hardware, to sale, buy, import, export, trade, deal in
computer hardware and software, application software, providing information
technology solutions in software and hardware, to provide front-end and
back-end software services for interaction in India or anywhere in the world.
FORM 8
|
Corporate
identity number of the company |
U72200PN2004PTC019076 |
|
Name of the
company |
VINTECH
ELECTRONIC SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
15/A, Vrindavan No. 2 Co-operative Housing Society, Pashan, Pune – 411 008, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
The Cosmos Co-operative Bank Limited, 269/270, Shaniwar Peth, Pune-411030, Maharashtra, India |
|
Nature of
instrument creating charge |
Hypothecation of
Tangible Goods/Movable Property to Secure A Demand Cash Credit Account/
Demand Overdraft Account/ Demand Loan Account Dated 23.08.2012 |
|
Date of
instrument Creating the charge |
23.08.2012 |
|
Amount secured by
the charge |
Rs. 1.200
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 17.50% P.A.
(Basic ROI 14.50% +3% For ADHOC Limit) Terms of repayment 60 Days Margin 25% In Banks
Favour Extent and operation of the charge The Charge Shall
Continue To Operate Till Full Repayment of The Facility Enjoyed By The
Company Other Cash Credit
(Adhoc Limit) Of Rs.1.200 Millions For Working Capital |
|
Short particulars
of the property charged (Including location of the property) |
Stock And Debtors |
TRADE REFERENCE
- Kirloskar Punematic Limited
- Forbs Group
FIXED ASSETS
· Computer Accessories
· Office
· Printer Account
· UPS 6 KVA
· Electrical installation
· Air Conditioner
· Tea and Coffee Machine
· Television Set
· Car
· Furniture and Fixtures
- Office tools
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. 54.31 |
|
|
1 |
Rs. 87.36 |
|
Euro |
1 |
Rs. 70.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.