|
Report Date : |
29.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
INDIAMART INTERMESH LIMITED |
|
|
|
|
Registered
Office : |
408, Ashirwad Enclave, 104 I P Extension, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.09.1999 |
|
|
|
|
Com. Reg. No.: |
55-101534 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.581.690
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1999PLC101534 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELI03105E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI5853L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing IT and BPO Services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There appears huge accumulated losses recorded by the company.
However, the income earned from operations seems to be increasing over years.
The company is incurring loss from its operations from some years. Trade relations are reported as fair. Business is active. Payment
terms are reported as slow. The company can be considered for business dealing with some cautions.
|
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered Office : |
408, Ashirwad Enclave, 104 I P Extension, |
|
Tel. No.: |
91-11-22050790/2200349 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office/ Factory : |
B-1, Sector-8, Noida – 201301, |
|
Tel. No.: |
91-120-22424945/ 22543946/ 23094634/ 6777777/ 3911000 |
|
Fax No.: |
91-120-22424943/ 3911010 |
|
E-Mail : |
|
|
|
|
|
Branches : |
Located at: ·
Ahmedabad ·
·
·
Chennai ·
Coimbatore ·
Dehradum ·
Delhi ·
Hyderabad ·
Indore ·
Jaipur ·
Jalandhar ·
Kolkata ·
Ludhiana ·
Mumbai ·
Nagpur ·
Nashik ·
Pune ·
Surat ·
Rajkot ·
Tirupur ·
Vadodara |
DIRECTORS
(AS ON 23.07.2012)
|
Name : |
Mr. Dinesh Chandra Agarwal |
|
Designation : |
Managing Director |
|
Address : |
H-41, Sector-27, Nioda-201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
19.02.1969 |
|
Date of Appointment : |
13.09.1999 |
|
DIN No.: |
00191800 |
|
|
|
|
Name : |
Mr. Brijesh Agrawal |
|
Designation : |
Whole-time Director |
|
Address : |
E-46, Sector-30, Noida-201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
16.09.1976 |
|
Date of Appointment : |
13.09.1999 |
|
DIN No.: |
00191760 |
|
|
|
|
Name : |
Mr. Rajesh Sawhney |
|
Designation : |
Additional Director |
|
Address : |
Flat No.12.5th Floor, Breach Candy Gardens, Breach Candy, Mumbai -
400026, Maharashtra, India |
|
Date of Birth/Age : |
02.02.1966 |
|
Date of Appointment : |
27.01.2011 |
|
DIN No.: |
01519511 |
|
|
|
|
Name : |
Mr. Mahendrakumar Chouhan |
|
Designation : |
Director |
|
Address : |
A/1, Shitala Krupa,
277, L J Road, Mahim (West), Mumbai – 400016, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1955 |
|
Date of Appointment : |
29.04.2011 |
|
DIN No.: |
00187253 |
|
|
|
|
Name : |
Mr. Dhruv Prakash |
|
Designation : |
Director |
|
Address : |
A-14, Sector – 26, Noida – 201 301, Uttar Pradesh, India |
|
Date of Birth/Age : |
13.11.1951 |
|
Date of Appointment : |
11.05.2012 |
|
DIN No.: |
05124958 |
KEY EXECUTIVES
|
Name : |
Mr. Indu Kardam |
|
Designation : |
Company Secretary |
|
Address : |
122-A, Pocket-B, Dilshad Garden, Delhi-110095, India |
|
Date of Birth/Age : |
19.11.1984 |
|
Date of Appointment : |
01.11.2010 |
|
PAN No.: |
BAVPK5726P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 23.07.2012)
Shareholding details file attached.
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
6.98 |
|
Directors or relatives of directors |
|
90.13 |
|
Other top fifty shareholders |
|
2.89 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing IT and BPO Services. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited · ICICI Bank Limited · HDFC Bank Limited |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
Golf View Corporate
Tower B, Near DLF Golf Course , Sector 42, Sector Road, Gurgaon, -122002,
Haryana, India |
|
PAN No.: |
AABFS3421N |
|
|
|
|
Subsidiary : |
· Hello Trade Online Private Limited, India · Tradezeal International Private Limited, India |
|
|
|
|
Enterprises
owned or significantly influenced by key management personnel or other
relatives : |
· Click India Infomedia Private Limited, India · InterMesh Shopping Network Private Limited, India · Mother Herbs Private Limited · Mansa Enterprises Private Limited |
CAPITAL STRUCTURE
(AS ON 23.07.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Millions |
|
1493903 |
Cumulative Convertible Preference Shares |
Rs.328/- each |
Rs.490.000 Millions |
|
1000000 |
Non Cumulative redeemable Preference Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.620.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9168959 |
Equity Shares |
Rs.10/- each |
Rs.91.690
Millions |
|
1493903 |
Preference Shares |
Rs.328/- each |
Rs.490.000
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.581.690 Millions |
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 |
581.690 |
581.690 |
581.690 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
211.985 |
|
|
4] (Accumulated Losses) |
(1038.742) |
(516.589) |
0.000 |
|
|
NETWORTH |
(457.052) |
65.101 |
793.675 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
24.714 |
14.710 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
24.714 |
14.710 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
Other Liabilities |
167.245 |
93.452 |
6.280 |
|
|
|
|
|
|
|
|
TOTAL |
(289.806) |
183.267 |
814.665 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
128.655 |
137.594 |
80.564 |
|
|
Capital work-in-progress |
1.772 |
1.740 |
1.910 |
|
|
|
|
|
|
|
|
INVESTMENT |
272.391 |
638.484 |
835.473 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
79.766 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000 |
|
|
Sundry Debtors |
7.988
|
5.862
|
7.556 |
|
|
Cash & Bank Balances |
54.387
|
85.056
|
61.370 |
|
|
Other Current Assets |
0.000
|
0.000
|
8.803 |
|
|
Loans & Advances |
87.727
|
122.761
|
128.549 |
|
Total
Current Assets |
150.102
|
213.679
|
206.278 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
131.354
|
227.460
|
62.737 |
|
|
Other Current Liabilities |
696.853
|
573.558
|
323.019 |
|
|
Provisions |
14.520
|
7.212
|
3.570 |
|
Total
Current Liabilities |
842.727
|
808.230
|
389.326 |
|
|
Net Current Assets |
(692.625)
|
(594.551)
|
(183.048) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
(289.807) |
183.267 |
814.665 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1163.755 |
692.492 |
308.721 |
|
|
|
Other Income |
38.248 |
34.495 |
52.438 |
|
|
|
TOTAL (A) |
1202.003 |
726.987 |
361.159 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee related expenses |
1029.571 |
725.561 |
312.344 |
|
|
|
Administrative, Selling and Other Expenses |
653.137 |
630.032 |
245.158 |
|
|
|
Prior Period Items |
0.000 |
0.000 |
4.979 |
|
|
|
TOTAL (B) |
1682.707 |
1355.593 |
562.481 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(480.704) |
(628.606) |
(201.322) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.366 |
3.384 |
0.996 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(483.070) |
(631.990) |
(202.318) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
42.342 |
30.881 |
21.143 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
(525.412) |
(662.871) |
(223.461) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
79.766 |
(76.390) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(525.412) |
(742.637) |
(147.071) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
54.925 |
41.356 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(57.31) |
(80.99) |
(16.11) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(43.71)
|
(102.15)
|
(40.72) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(45.15)
|
(95.72)
|
(72.38) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(188.48)
|
(188.71)
|
(77.90) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.15
|
(10.18)
|
(0.28) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(1.84)
|
12.79
|
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.18
|
0.26
|
0.53 |
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 |
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 |
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 |
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 |
No |
FIXED ASSETS:
· Land
· Building
· Office Equipments
· Computers
· Furniture and Fixtures
· Vehicles
PRESS RELEASES:
BIGGEST SME AWARDS
NEW DELHI, India, October 6, 2012
- 75,000 nominations received across 14 categories from
around the country
- As a next step, Ernst and Young to select top 30 SMEs
in each category
- Pre-Jury and Grand Jury rounds to follow for top 5 and
final winners respectively
The best entrepreneurial talents across the country have just signed,
sealed and delivered their nominations in the hope to grab the zenith position
amongst their peers for the third edition of ET NOW-IndiaMART Leaders of
Tomorrow Awards 2012. Enthusiasm, aspiration and ambition of SMEs combined to
take the numbers way beyond last year's figures and reached a whopping 75,000
nominations this year.
The initial start has set the base for an extravaganza. This success
reverberates in the words of Mr. Dinesh Agarwal, Founder and CEO, IndiaMART.com.
He says, "It is heartening to see such a huge response to our endeavour of
bringing recognition to SMEs delivering outstanding performances. It is a
triumph in itself as with each passing year we have been able to engage a wider
base of small businesses, each equally deserving. We will eagerly wait to see
who has that extra edge to emerge winner amongst their contemporaries."
Second time running as process partners for Leaders of Tomorrow Awards,
Ernst and Young (EY) will now get in the groove of sorting and validating the
details, including financial credentials of all the entries and select the top
30 in each of the 14 categories on the basis of pre-defined key ratios. Major
categories include manufacturing consisting of Textile, Apparels and
Accessories, FMCG and Consumer Durables, Pharmaceuticals, Drugs and Medical
Products, Chemicals and Petrochemicals, Food and Agri Products, Home Décor and
Handicrafts, Engineering Products, Auto Components, Electrical and Electronics
and services category comprising of Transport and Logistics, IT / ITES-BPO /
VAS, Travel and Hospitality, Healthcare, Biotech and Hospital Services and
Special Recognition Awards consisting of Woman Entrepreneur of the Year and SME
of the Year (selected by jury out of the winners above).
These SMEs will then move to the next round and face the Pre-Jury members.
Slated to be held in New Delhi, the Pre-Jury
round will produce top 5 entries in each category and the lucky shortlisted
SMEs will interact with the final Jury in the Grand Jury round for the
showdown. The entire process will lead up to the Grand Awards ceremony where
the names of winning SMEs will be announced.
About IndiaMART.com
IndiaMART.com is India's largest online B2B marketplace
for Small and Medium Size Businesses, connecting global buyers with suppliers.
The company offers a platform and tools to over 1.2 million suppliers to
generate business leads from over 6.5 million buyers, who use the platform to
find reliable and competitive suppliers. The company has over 3500 employees
located across 60+ offices in the country. Its existing investors include Intel
Capital and Bennett, Coleman and Company Limited.
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.54.96 |
|
|
1 |
Rs.88.68 |
|
Euro |
1 |
Rs.72.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
36 |
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.