1. Summary Information
|
|
|
Country |
India |
|
Company Name |
4G Identity
Solutions Private Limited |
Principal Name 1 |
Mr. Rama Kishan Maddineni |
|
Status |
Moderate |
Principal Name 2 |
Ms. Lakshmi Tripirneni |
|
|
|
Registration # |
01-54636 |
|
Street Address |
Plot No. 241, Road No. 72, Prashasan Nagar, Jubilee Hills, Hyderabad –
500 034, Andhra Pradesh, India |
||
|
Established Date |
27.06.2007 |
SIC Code |
-- |
|
Telephone# |
91-40-23558789/ 32913939 |
Business Style 1 |
Service Provider |
|
Fax # |
91-40-23558769 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Identity Management Solution Services |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.218,550,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors- 100.00% |
Banking |
State Bank of India |
|
Public Limited Corp. |
No |
Business Period |
5 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (37) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates/Subsidiaries
: |
India |
4G Informatics Private Limited |
|
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
423,810,000 |
Current Liabilities |
220,402,000 |
|
Inventories |
2,195,000 |
Long-term Liabilities |
86,934,000 |
|
Fixed Assets |
41,448,000 |
Other Liabilities |
96,344,000 |
|
Deferred Assets |
0,0000 |
Total Liabilities |
403,680,000 |
|
Invest& other Assets |
200,017,000 |
Retained Earnings |
45,240,000 |
|
|
|
Net Worth |
263,790,000 |
|
Total Assets |
667,470,000 |
Total Liab. & Equity |
667,470,000 |
|
Total Assets (Previous Year) |
363,321,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
556,381,000 |
Net Profit |
33,720,000 |
|
Sales(Previous yr) |
316,803,000 |
Net Profit(Prev.yr) |
10,766,000 |
|
Report Date : |
01.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
4G IDENTITY SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 241, Road No. 72, Prashasan Nagar, Jubilee Hills, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
27.06.2007 |
|
|
|
|
Com. Reg. No.: |
01-054636 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.218.550 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200AP2007PTC054636 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDG05705A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ2930M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing an Identity Management Solution Services |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (37) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1060000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. It has
achieved better sales turnover and profits during 2011. However, financial strength of the company is still improving. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings with some
caution. |
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
|
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 : |
Plot No. 241, Road No. 72, Prashasan Nagar, Jubilee Hills, |
|
Tel. No.: |
91-40-23558789 / 32913939/ 23558799 |
|
Fax No.: |
91-40-23558769 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Plot No.: 330 and 331, Road No. 79, Jubilee Hills,
Hyderabad – 500 034, Andhra Pradesh, India |
|
Tel.
No.: |
91-40-23558789 / 32913939 |
|
Fax
No.: |
91-40-23558769 |
|
|
|
|
|
4039, sector C-4, Vasant Kunj, New Delhi – 110070, India |
|
Tel. No.: |
91-11-32972939 |
|
Fax No.: |
91-11-45671559 |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Sreenivasa Rao Tripuraneni |
|
Designation : |
Director |
|
Address : |
304, |
|
Date of Birth/Age : |
15.08.1972 |
|
Date of Appointment : |
07.07.2009 |
|
Din No.: |
01499013 |
|
|
|
|
Name : |
Ms. Lakshmi Tripirneni |
|
Designation : |
Director |
|
Address : |
59-7-6, |
|
Date of Birth/Age : |
06.07.1970 |
|
Date of Appointment : |
28.08.2007 |
|
Din No.: |
01499013 |
|
|
|
|
Name : |
Mr. Rama Kishan Maddineni |
|
Designation : |
Director |
|
Address : |
59-7-6, Patamata Vijayawada – 520 008, |
|
Date of Birth/Age : |
27.12.1964 |
|
Date of Appointment : |
18.10.2008 |
|
Din No.: |
02409233 |
|
|
|
|
Name : |
Mr. Sudheer Nanduri |
|
Designation : |
Director |
|
Address : |
10-4-771/1/A/1 2nd Floor, R V R Villa, Masab Tank,
Hyderabad-500028, Andhra Pradesh, India |
|
Date of Birth/Age : |
25.08.1978 |
|
Date of Appointment : |
30.109.2010 |
|
Din No.: |
03354589 |
|
|
|
|
Name : |
Mr. Baljit Singh Gill |
|
Designation : |
Director |
|
Address : |
5GA, Rail Vihar Sector -4, Mansa Devi Complex, Panchkula – 134109,
Haryana, India |
|
Date of Birth/Age : |
25.02.1948 |
|
Date of Appointment : |
29.09.2011 |
|
Din No.: |
02184047 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Sreenivasa Rao Tripuraneni |
|
18740250 |
|
Ms. Lakshmi Tripirneni |
|
3051000 |
|
Manikumari Tripuraneni |
|
25500 |
|
Narreddy Rajasekhara Reddy |
|
38250 |
|
Total |
|
21855000 |
As on 29.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing an Identity Management Solution Services |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
State Bank of India, Industrial Finance Branch, Rajbhavan Road,
Somajiguda, Hyderabad-500082,
Andhra Pradesh, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
Rs.
In Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
CRK and Associates Chartered Accountant |
|
Address : |
Plot No. 3A, Navodaya Colony, Road No. 14, Banjara Hills,
Hyderabad-500034, |
|
Tel. No.: |
91-40-23552305 |
|
Fax No.: |
91-40-23552304 |
|
E-Mail : |
|
|
Web Site: |
|
|
|
|
|
Subsidiaries : |
4G Informatics Private Limited CIN No.:
U80903AP2000PTC035270 |
CAPITAL STRUCTURE
After 29.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24000000 |
Equity Shares |
Rs.10/- each |
Rs.240.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23855000 |
Equity Shares |
Rs.10/- each |
Rs.238.550
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22000000 |
Equity Shares |
Rs.10/- each |
Rs.220.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21855000 |
Equity Shares |
Rs.10/- each |
Rs.218.550
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
218.550 |
203.550 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
2.450 |
|
|
3] Reserves & Surplus |
45.240 |
11.520 |
0.754 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
263.790 |
215.070 |
3.304 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
19.608 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
67.326 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
86.934 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
3.528 |
1.297 |
0.381 |
|
|
|
|
|
|
|
|
TOTAL |
354.252 |
216.367 |
3.685 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
41.448 |
7.777 |
2.376 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
200.000 |
200.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2.195
|
0.000
|
0.000 |
|
|
Sundry Debtors |
409.991
|
126.329
|
0.000 |
|
|
Cash & Bank Balances |
1.414
|
16.374
|
1.321 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
12.405
|
12.818
|
1.016 |
|
Total
Current Assets |
426.005
|
155.521 |
2.337 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
31.935
|
0.000 |
|
|
Other Current Liabilities |
220.402
|
0.000
|
0.000 |
|
|
Provisions |
92.816
|
115.019
|
1.056 |
|
Total
Current Liabilities |
313.218
|
146.954 |
1.056 |
|
|
Net Current Assets |
112.787
|
8.567 |
1.281 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.017 |
0.023 |
0.028 |
|
|
|
|
|
|
|
|
TOTAL |
354.252 |
216.367 |
3.685 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
556.381 |
316.803 |
13.420 |
|
|
|
Other Income |
0.141 |
0.021 |
0.031 |
|
|
|
TOTAL |
556.522 |
316.824 |
13.451 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
349.920 |
101.319 |
1.057 |
|
|
|
Payment and Benefits to Employees |
43.101 |
25.208 |
4.705 |
|
|
|
Administrative and Selling Expenses |
36.400 |
78.484 |
6.342 |
|
|
|
Project Expenses |
74.262 |
94.350 |
0.000 |
|
|
|
Preliminary Expenses written off |
0.006 |
0.006 |
0.006 |
|
|
|
Decrease/ Increase in stock |
(2.196) |
0.000 |
0.000 |
|
|
|
TOTAL |
501.493 |
299.367 |
12.110 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
55.029 |
17.457 |
1.341 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
3.939 |
1.389 |
0.309 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
51.090 |
16.068 |
1.032 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
17.370 |
5.302 |
0.410 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
33.720 |
10.766 |
0.622 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
11.520 |
0.754 |
0.132 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
45.240 |
11.520 |
0.754 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
243.728 |
100.326 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
1.54 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
6.06 |
3.39
|
4.62 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.18 |
5.07
|
7.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.92 |
9.84
|
21.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.07
|
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.52 |
0.68
|
0.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.06
|
2.21 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
- |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
No |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
- |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
- |
|
Major
Suppliers |
Yes |
|
Major
Customers |
Yes |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
Yes |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
No |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
No |
|
Incorporation
details, if applicable |
- |
|
Last
accounts filed at ROC |
- |
|
Major
Shareholders, if applicable |
- |
|
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
PAN
of Proprietor/Partner/Director, if available |
No |
|
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
External Agency
Rating, if available |
No |
OPERATING RESULTS AND
BUSINESS
This is the fourth year of operations of your Company. They
have achieved a turnover of Rs.558.717 Millions with a profit of Rs. 51.090
Millions before taxes, compare to the
last year turnover of Rs. 316.824 Millions
with a profit of Rs. 16.068 Millions respectively.
FORM 8
|
Corporate
identity number of the company |
U72200AP2007PTC054636 |
|
Name of the
company |
4G IDENTITY
SOLUTIONS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Plot No. 241, Road No. 72, Prashasan Nagar, Jubilee Hills, Hyderabad –
500 034, Andhra Pradesh, India Email: admin@4gid.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
State Bank of India, Industrial Finance Branch, Rajbhavan
Road, Somajiguda, Hyderabad-500082, Andhra Pradesh, India Email: balaram.madan@sbi.co.in |
|
Nature of
instrument creating charge |
1
Agreement of Hypothecation of Goods and Assets 2
Letter regarding the grant of individual limits within the overall limit 3
Agreement of Loan for over all limit |
|
Date of
instrument Creating the charge |
16.10.2010 |
|
Amount secured by
the charge |
Rs. 151.800 Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Cash Creit:At 6.50% above base rate base rat =7.50%
present effective rate being – 14.00%
p.a Term
of Payment: Working Capital: on Demand Margin 1)Finished Goods -25% 2)LC and BG -10% 3) Book Debts/Receivable(Cover Period – Domestic -150
days)-25% Extent and
operation of the charge The
Charge operates as security inter alia, for the due repayment by the company to
the state bank of india industrial finance branch, Hyderabad for its limits
sanctioned to the extent of Rs.1.518 Millions, together with interest
additional interest, liquidated damages, commitment charges, permia on
prepayment or on redemption costs, charges, expense and all other moneys
payable by the company to state bank of India, industrial Finance Branch Others: Limit Amount Cash
Credit Rs.20.000 Millions Letter
of Credit Rs.90.000 Millions Bank
Guarantee RS.40.000 Million Forward
Contact Rs.1.800 Millions Total Rs.151.800 Millions Note:
50% interchangeability from LC to FBWC |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation
of Exclusive first charge on all the current assets of the namely stocks
stores and spares not relating to plant and Machinery(Consumable Stores and
Spares) Bills Receivable and block book debts and all other current assets of
the borrower |
FIXED ASSETS
·
Furniture
·
Office Equipment
·
Air Conditioners
·
Computers
·
Vehicles
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.55.72 |
|
|
1 |
Rs.87.95 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
37 |
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.