MIRA
INFORM REPORT
|
Report Date : |
18.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
ENKAY TECHNOLOGIES ( |
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Registered
Office : |
7, Bhima Vaitarna Complex, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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|
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Date of
Incorporation : |
29.04.1987 |
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Com. Reg. No.: |
11-043304 |
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Capital
Investment / Paid-up Capital : |
Rs.9.000
millions |
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|
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CIN No.: [Company Identification
No.] |
U32200MH1987PTC043304 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUME04918E |
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PAN No.: [Permanent Account No.] |
AAACE1300N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Provider of Telecommunication and IT Solutions Services. |
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No. of Employees
: |
300 (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 |
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Maximum Credit Limit : |
USD 334000 |
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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. There appears some dip in the
turnover and profitability of the company. However, networth appears to be satisfactory.
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
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY (PARTIAL DETAILS)
|
Name : |
Mr. Deepak |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-24939835 |
|
Date : |
17.07.2012 |
LOCATIONS
|
Registered Office/ Marketing Office : |
7, Bhima Vaitarna Complex, |
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Tel. No.: |
91-22-66262222/ 24939835/ 24962705 |
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Fax No.: |
91-22-24942127 |
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E-Mail : |
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Website : |
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Branch Office : |
Located at: v Ahmedabad v
v Chennai v
v
v Kolkata v Pune |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Dayal Mahirwan Hemrajani |
|
Designation : |
Chairman cum Managing Director |
|
Address: |
81, Ashraya, 266, |
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Date of Birth/Age : |
07.03.1958 |
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Qualification : |
B.Com (Hons) L.L.B. |
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Date of Appointment : |
29.04.1987 |
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DIN No.: |
00323558 |
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|
|
Name : |
Mr. Vasudev Mahirwan Hemrajani |
|
Designation : |
Director |
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Address: |
81, Ashraya, 266, |
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Date of Birth/Age : |
13.07.1962 |
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Date of Appointment : |
14.06.2007 |
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DIN No.: |
01001872 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Dayal Mahirwan Hemrajani |
|
600 |
|
Pushpa M. Hemrajani |
|
200 |
|
Vibha D. Hemrajani |
|
200 |
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Vasudev M. Hemrajani |
|
200 |
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Dayal M. Hemrajani j/w Vibha D. Hemrajani |
|
28950 |
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Mahirwan C. Hemrajani j/w Pushpa M. Hemrajani |
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600 |
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Pushpa M. Hemrajani j/w Mahirwan C. Hemrajani |
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8450 |
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Vibha D. Hemrajani j/w Dayal M. Hemrajani |
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26750 |
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Vasudev M. Hemrajani j/w Prerna V. Hemrajani |
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4000 |
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Prerna V. Hemrajani j/w Vasudev M. Hemrajani |
|
4050 |
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Mahirwan Hemrajani HUF (Represented by Mahirwan Hemrajani) |
|
4000 |
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Akshay V. Hemrajani j/w Vasudev M. Hemrajani |
|
4000 |
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Dayal M. Hemrajani HUF (Represented by Dayal |
|
4000 |
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Vasudev M. Hemrajani HUF (Represented by Vasudev M. Hemrajani) |
|
4000 |
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Total
|
|
90000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
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Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Provider of Telecommunication and IT Solutions Services. |
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Products/ Services : |
v
Electronic
Security Systems and Solutions v
Control
Touch Panels v
DETC v
Wireless
LAN Solution v
LCD
TV’s v
High
Definition Video Conferencing Solutions KEY TELEPHONE
SYSTEM v Aspila Topaz LITE (KTS) v Aspila Topaz (KTS) v Aspila EX (KTS) |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Banks v
State Bank of v Yes Bank v Deutsche Bank v
Central Bank of v HDFC Bank Limited v ABN Amro Bank Finance
Companies v Kotak Mahindra Group v IL and FS Investment v Motilal Oswal Securities v Karvy Consultants v Dolat Capital Hotels v Sun N Sand Hotels v Radisson Hotel v Pride Hotel v Chola Sheraton v Le Meridien Hotels v Courtyard by Marriott Pharma / Healthcare
Company v Cipla Limited v Sun Pharmaceuticals v IPCA Laboratories v Unichem v Aristro Pharma IT/ ITES
Companies v Wipro Limited v Syntel Software v Progeon (Infosys) v
Intetia South v Intelenet Global v Brainvisa Technologies v Softpro Private Limited Other Corporate
Clients v Mahindra and Mahindra v Ashok Leyland v Jet Airways v Hero Honda v Kodak India Limited v Thomas Cook v Pantaloons v B.M. Birla v Reliance Industries v Cadbury’s India Limited v SREI v Larsen and Toubro |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
v
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai - 400 013, Maharashtra, India v
Dena Bank, Sachivalaya Corner Branch, Mumbai –
400 021, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sanghvi Sanghvi and Sanghvi Chartered Accountants |
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Address : |
10, La Citadlle, 2nd Floor, 99, |
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Tel. No.: |
91-22-66333400 |
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Income-tax
PAN of auditor or auditor's firm : |
AACFS2693D |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/-each |
Rs.20.000 millions |
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|
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|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
90000 |
Equity Shares |
Rs.100/-each |
Rs.9.000
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
9.000 |
9.000 |
9.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
74.543 |
71.958 |
66.530 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
83.543 |
80.958 |
75.530 |
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LOAN FUNDS |
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1] Secured Loans |
12.005 |
15.703 |
19.534 |
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2] Unsecured Loans |
4.850 |
6.400 |
1.050 |
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TOTAL BORROWING |
16.855 |
22.103 |
20.584 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
100.398 |
103.061 |
96.114 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
10.633 |
12.845 |
12.730 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.005 |
0.470 |
2.225 |
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DEFERRED TAX ASSETS |
1.509 |
1.347 |
1.229 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
62.813
|
71.174
|
70.024 |
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Sundry Debtors |
97.459
|
95.135
|
72.491 |
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Cash & Bank Balances |
8.785
|
8.419
|
6.083 |
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Other Current Assets |
0.000
|
0.000
|
0.000 |
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Loans & Advances |
26.724
|
40.895
|
41.365 |
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Total
Current Assets |
195.781
|
215.623 |
189.963 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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|
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Sundry Creditors |
71.853
|
73.119
|
66.228 |
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Other Current Liabilities |
27.112
|
31.551
|
24.142 |
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Provisions |
8.565
|
22.554
|
19.663 |
|
Total
Current Liabilities |
107.530
|
127.224 |
110.033 |
|
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Net Current Assets |
88.251
|
88.399
|
79.930 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
100.398 |
103.061 |
96.114 |
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PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
348.855 |
356.108 |
416.361 |
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Other Income |
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TOTAL (A) |
348.855 |
356.108 |
416.361 |
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Less |
EXPENSES |
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Office Expenses |
|
342.574 |
396.138 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
340.020 |
342.574 |
396.138 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.835 |
13.534 |
20.223 |
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Less |
INTEREST (D) |
1.485 |
2.153 |
0.364 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.350 |
11.381 |
19.859 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.134 |
3.471 |
3.206 |
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PROFIT BEFORE
TAX (E-F) (G) |
4.216 |
7.910 |
16.653 |
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Less |
TAX (H) |
1.416 |
2.482 |
6.856 |
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PROFIT AFTER TAX
(G-H) (I) |
2.800 |
5.428 |
9.797 |
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PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
23.462 |
18.034 |
8.240 |
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EXCESS
/ (SHORT) PROVISION FOR TAXATION |
0.000 |
0.000 |
(0.003) |
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APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend on Equity Shares |
0.000 |
0.000 |
0.000 |
|
|
|
Corporate Dividend Tax |
0.000 |
0.000 |
0.000 |
|
|
|
Transferred to General Reserve |
0.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
26.046 |
23.462 |
18.034 |
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Reimbursement of Advertisement Expenses |
0.000 |
0.000 |
1.235 |
|
|
|
Warranty Charges received |
0.000 |
0.000 |
0.617 |
|
|
|
Reimbursement of Foreign Traveling Expenses |
0.000 |
0.000 |
0.142 |
|
|
|
Commission Received |
0.000 |
1.615 |
3.997 |
|
|
|
Miscellaneous Receipts |
0.000 |
0.000 |
0.009 |
|
|
TOTAL EARNINGS |
0.000 |
1.615 |
6.000 |
|
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|
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|
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|
Earnings Per
Share (Rs.) |
31.11 |
60.31 |
108.86 |
|
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%20PRIVATE%20LIMITED%20-%20187511%2018-Jul-2012_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.80
|
1.52
|
2.35 |
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.04
|
3.46
|
8.22 |
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.10
|
0.22 |
|
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|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.49
|
1.84
|
1.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.82
|
1.69
|
1.73 |
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 |
|
|
|
|
- For Goods and Services |
68.719 |
69.321 |
50.454 |
|
- For Other liabilities |
3.134 |
3.798 |
15.774 |
|
Total |
71.853 |
73.119 |
66.228 |
|
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 |
Yes |
|
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 |
Yes |
|
30) Major
Shareholders, if available |
Yes |
FINANCIAL RESULTS:
During the year due to global slowdown and restricted investments
Telecom and Information Technology by the Indian Corporates. The company has
achieved turnover of Rs.348.854 millions as compared to Rs.356.108
millions in the previous year after
providing Rs.3.134 millions as Depreciation and Rs.3.471 millions towards
taxation, the Company has made net profit of Rs.2.800 millions as compared to
Rs.5.428 millions during the previous year.
Contingent
liabilities not provided for in respect of: (As on 31.03.2011)
i) The Disputed Demand for additional Society demanded by Worli Sagar
Co-Operative Housing Society Limited in respect of Company’s premises owned /
taken on lease on lease Rs.10.707 millions.
ii) Court deposit of Rs.0.338 in relation to case filed by Mr. Rakesh
Kataria on the Company
iii) Claim filed by K.R.B.L. for damages on the Company Rs.0.250
million.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U32200MH1987PTC043304 |
|
Name of the
company |
ENKAY TECHNOLOGIES ( |
|
Address of the
registered office or of the principal place of business in |
7, Bhima Vaitarna Complex, E-Mail: mca@mgca.in |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10088377 |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Floating Charge |
|
Particular of
charge holder |
CIN No.: L65920MH1994PLC080618 HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai - 400 013, Maharashtra, India E-Mail: RBBform8@hdfcbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplementary
Letter of Hypothecation. |
|
Date of
instrument Creating the charge |
15.01.2011 |
|
Amount secured by
the charge |
Rs.60.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment: On Demand. Margin: As may be stipulated
by the Bank from time to time. Extent and
Operation of the charge: Hypothecation by
way of First Charge on Company's Stocks and Book Debts, Plant and Machinery
and Vehicles, etc., to secure as a
continuing security for the repayment of Rs.60.000 millions together with
interest, costs, charges, expenses and other moneys due and payable by the
Company to the Bank. Others: Nil |
|
Short particulars
of the property charged |
Stock in Trade,
consisting of raw materials, goods in process of manufacturing finished
goods, and other merchandise whatsoever being movable properties All the debts,
that is, all the book debts, outstanding, monies receivables, claims, bills, invoice documents, contracts,
guarantees, and rights The Movable Plant
and Machinery and Vehicles, which may now or at any time hereafter belong to
the Borrower or come to the Borrower's disposal |
|
Date of latest
modification prior to the present modification |
02.01.2010 |
|
Particulars of
the present modification |
The Charge shall
now stand increased from Rs.50.000 millions to Rs.60.000 millions
(Comprising: Overall Facility under the MFA/ Addendum of Rs.35.000 millions,
Bank Guarantee of Rs.15.000 millions, Letter of Credit- I (Sub Limit) of
Rs.5.000 millions and Letter of Credit -II of Rs.10.000 millions) against the
security of Stocks and Book Debts, Plant and Machinery and Vehicles of the
Company. |
FIXED ASSETS:
v Buildings
v Plant and Machinery
v Office Equipments
v Furniture and Fixtures
v Vehicles
WEBSITE DETAILS:
NEWS:
ENKAY TECHNOLOGIES
LAUNCHES UNMATCHED ACCESS CONTROL SYSTEMS RANGE
Mumbai March 19,
2012: Enkay technologies India Private Limited,
Enkay’s new access control systems has unparalleled features such as Readers with Tamper Alarm Feature, Programmable communication protocol, Scratch and Corrosion Proof Outdoor Rated Lock, Automatic print of evacuation report in case of fire to name a few, said Mr. Dayal Hemrajani -CMD, Enkay Technologies.
Commenting on the new launch, Mr. Dayal Hemrajani said that our advanced access control systems are designed to offer most reliable, affordable and customized security access solutions for achieving better control and manage of our customer’s property, information and people.
Enkay’s new Access Control Systems are truly scalable, UNIQUE and certainly provides HIGH VALUE WORLD CLASS PRODUCTs with UNBEATABLE FEATURES AND DESIGNS. It is compatible to most readers be it RFID proximity, smart card or even biometric readers and it is designed to offer multi-user system with the following friendly features that runs on MS-Window platform.
By utilizing the same hardware and software, it can be expanded from 1 door to thousands doors system. It also guarantees that all your investment in our product is well protected for all future upgrade.
Enkay’s one stop solution in Integrated Access Control systems is comprised of:
• Access Control
• Time and Attendance
• Alarm Monitoring
• Surveillance Integration
• Lift / Elevator Access Management
• Location Tracking and Roll Call Reporting
• Comprehensive Searching Mechanism
Enkay offers a wide range of Electronic security systems and solutions including Access control systems, Entrance control Systems, Under vehicle scanning Systems, Baggage scanners, Metal and explosive Detectors, proximity card and biometrics, CCTV surveillance including remote video surveillance, fire alarm systems, smart cards, perimeter protection system and law enforcement products.
About Enkay
Technologies
Enkay started its journey as an Enterprise Telephony Solutions provider and have continued to reinvent itself over the years by offering a varied range of integrated communication solutions right from IP Telephony, Contact Centre, Data Networking, IT, Audio visual System Integration, Video Conferencing to Security solutions respectively.
Today we are proud to have achieved the milestones such as completion of 30 successful years in business, Strong patronage of over 50,000 satisfied customers including top companies across all industries, One of the largest service network in the Industry and Strategic Partnerships with Global Leaders such as NEC, Sharp, 3M, VCON, NCR, Extron, Crestron, Axis Communications, Morpho Detection Inc., Honeywell. All this is supported by a staff comprising over 300 professionals, a team of 120 trained Service and Network Engineers and a country wide network.
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.55.15 |
|
|
1 |
Rs.86.30 |
|
Euro |
1 |
Rs.67.73 |
INFORMATION DETAILS
|
Information Gathered
by : |
SBA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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.