MIRA
INFORM REPORT
|
Report Date : |
27.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
GENESIS DATACOMP PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No. 61 and 62, 1st Floor, Hi Life Building, Phirojsaha Mehta
Road, Santacruz (West), Mumbai – 400054, Maharashtra |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
03.06.1994 |
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|
Com. Reg. No.: |
11-078748 |
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Capital
Investment / Paid-up Capital : |
Rs.0.475 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH1994PTC078748 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Providing CAD/CAM Solutions to the Building and Construction
Industry. |
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|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 14000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The
company has incurred a loss in the current year. However, 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.
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 DENIED BY
|
Name : |
Mr. Santosh |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-22-33078500 |
|
Date : |
24.04.2013 |
LOCATIONS
|
Registered Office/ Head Office : |
Shop No. 61 and 62, 1st Floor, Hi Life Building, Phirojsaha Mehta Road,
Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
Tel. No.: |
91-22-26611093/ 33078500 (30 Lines) |
|
Fax No.: |
91-22-26186915 |
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E-Mail : |
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Website : |
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|
Area : |
377 Sq. ft |
|
Location : |
Rented |
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Administrative Office : |
2-A, Sangam, 14-B, S V Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Tel. No.: |
91-22-26182026 |
|
Fax No.: |
91-22-26186915 |
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E-Mail : |
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|
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Branch Office : |
Belgaum–CTS NO 427/B, 1st Floor, Congress Road, Behind LIC
Office, Tilakwadi, Belgaum – 590006, Karnataka,
India |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Sharad Khachoji Hulji |
|
Designation : |
Whole Time Director |
|
Address : |
10, Vrinda, 15-Podar Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
06.05.1964 |
|
Date of Appointment : |
03.06.1994 |
|
Din No.: |
00638258 |
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|
|
|
Name : |
Mrs. Seema Hulji |
|
Designation : |
Whole Time Director |
|
Address : |
10, Vrinda, 15-Podar Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
28.03.1971 |
|
Date of Appointment : |
03.12.2002 |
|
Din No.: |
00638283 |
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|
|
|
Name : |
Mr. Khachoji Hulji Kaloji |
|
Designation : |
Director |
|
Address : |
10, Vrinda, 15-Podar Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
14.05.1936 |
|
Date of Appointment : |
03.12.2002 |
|
DIN No.: |
05300502 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sharad Khachoji Hulji |
|
38000 |
|
Seema Sharad Hulji |
|
4750 |
|
Khanchoj Hulji |
|
4750 |
|
|
|
|
|
Total |
|
47500 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing CAD/CAM Solutions to the Building and Construction
Industry. |
GENERAL INFORMATION
|
Suppliers : |
· Redington (India) Limited · Ingram Micro India Private Limited |
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Customers : |
·
Asb International Private Limited ·
Autodesk India Private Limited ·
Ceat Limited ·
Frischmann Prabhu ·
Hicons Develpoers Private Limited ·
Inmac Computers Private Limited ·
Kalpataru Limited ·
Larsen and Toubro Limited ·
Peninsula Land Limited ·
P.H. Teknow ·
Property Solutions (India) Private Limited ·
Rajesh Estate and Nirman Limited ·
Render Image ·
Shree Shubham Logistics Limited ·
Studio4 Consultants Private Limited ·
United Archiects ·
UTI Infrastructure Technology and Services
Limited |
||||||||||||||||||||||||
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No. of Employees : |
Information declined by the management |
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Bankers : |
·
Saraswat Co-Operative Bank ·
Bank of ·
HDFC Bank Limited ·
Citi Bank |
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Facilities : |
(Rs.
In Millions)
|
|
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Wellings and Associates Chartered Accountants |
|
Address : |
H/16, Saraswat Colony, SItaldevi Temple Road, Mahim, Mumbai - 400016,
Maharashtra, India |
|
Pan No.: |
AAFPW9272K |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47500 |
Equity Shares |
Rs.10/- each |
Rs.0.475
Million |
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|
|
|
|
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 |
0.475 |
0.475 |
0.475 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3.224 |
5.303 |
3.243 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.699 |
5.778 |
3.718 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.745 |
0.070 |
0.000 |
|
|
2] Unsecured Loans |
2.776 |
0.751 |
0.000 |
|
|
TOTAL BORROWING |
5.521 |
0.821 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.021 |
0.069 |
0.097 |
|
|
|
|
|
|
|
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TOTAL |
9.241 |
6.668 |
3.815 |
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|
|
|
|
|
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|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
3.473 |
0.755 |
0.742 |
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|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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|
INVESTMENT |
0.016 |
0.016 |
0.016 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
10.334
|
0.535 |
0.012 |
|
|
Sundry Debtors |
7.566
|
5.978 |
3.893 |
|
|
Cash & Bank Balances |
3.364
|
3.392 |
3.205 |
|
|
Other Current Assets |
6.180
|
7.086 |
0.000 |
|
|
Loans & Advances |
1.703
|
2.148 |
4.655 |
|
Total
Current Assets |
29.147
|
19.139 |
11.765 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
19.122
|
7.747 |
7.727 |
|
|
Other Current Liabilities |
2.028
|
3.601 |
0.981 |
|
|
Provisions |
2.245
|
1.894 |
0.000 |
|
Total
Current Liabilities |
23.395
|
13.242 |
8.708 |
|
|
Net Current Assets |
5.752
|
5.897 |
3.057 |
|
|
|
|
|
|
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
|
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|
|
|
|
TOTAL |
9.241 |
6.668 |
3.815 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
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Income |
81.174 |
94.857 |
53.989 |
|
|
|
Other Income |
4.039 |
3.352 |
2.675 |
|
|
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TOTAL (A) |
85.213 |
98.209 |
56.664 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
77.423 |
80.871 |
|
|
|
|
Changes in inventories of finished
goods work-in- progress and Stock-in-Trade |
(9.800) |
(0.522) |
|
|
|
|
Employee benefits expense |
10.394 |
7.733 |
|
|
|
|
Other expenses |
8.249 |
7.752 |
|
|
|
|
TOTAL (B) |
86.266 |
95.834 |
55.571 |
|
|
|
|
|
|
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|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(1.053) |
2.375 |
1.093 |
|
|
|
|
|
|
|
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|
Less |
FINANCIAL
EXPENSES (D) |
0.137 |
0.056 |
0.038 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(1.190) |
2.319 |
1.055 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.937 |
0.287 |
0.295 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(2.127) |
2.032 |
0.760 |
|
|
|
|
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|
|
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|
Less |
TAX (H) |
(0.048) |
(0.028) |
0.010 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(2.079) |
2.060 |
0.750 |
|
|
|
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.788 |
2.728 |
1.978 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.709 |
4.788 |
2.728 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(43.77) |
43.00 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(2.44) |
2.10 |
1.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(2.62) |
2.14 |
1.41 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.52) |
10.21 |
6.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.58) |
0.35 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.49 |
0.14 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.45 |
1.35 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS:
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
|
|
|
|
Redington (India) Limited |
11.247 |
|
|
|
Ingram Micro India Private Limited |
7.875 |
5.113 |
|
|
|
|
|
|
|
Total |
19.122
|
7.747 |
7.727 |
|
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 |
No |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Note:
The Registered office of the company has been
shifted from 311-A, Sundervilla, 3rd Floor, Plot No. 19, Santacruz
(West), Mumbai, Maharashtra, India to the present address w.e.f. 03.05.2010
COMMENTS
The Company has incurred a loss of Rs 2.127 Millions as compared to profit of Rs 2.032 Millions in the previous year due to decrease in Software Sales by 28% as major orders were cancelled by the clients. Also, capital expenditure has increased by Rs 3.655 Millions. This was mainly done to enhance the sales in Belgaum Branch. Rise in personnel costs and indirect expenses coupled with cancellation of sales orders have further enhanced the loss of the company.
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Other Loans and
Advances |
|
|
|
Advances from
Debtors |
|
|
|
Abhishek Millennium Contracts Private Limited |
0.002 |
0.002 |
|
ACME Refrigration Company |
0.008 |
0.000 |
|
Ajit Bhuta and Associates |
0.123 |
0.000 |
|
Ajit Vasant Patil |
0.010 |
0.000 |
|
Arunkumar Dube |
0.037 |
0.000 |
|
Ashish Pancholi Architects |
0.066 |
0.000 |
|
Beri Architects |
0.111 |
0.000 |
|
C M Belekar Architects and Consultants |
0.054 |
0.000 |
|
D. A. Designs |
0.038 |
0.000 |
|
Dean D'cruz |
0.036 |
0.000 |
|
Deecee |
0.056 |
0.000 |
|
Design Bureau |
0.089 |
0.000 |
|
Dimensions |
0.019 |
0.000 |
|
D.S. Gupta Construction Private Limited |
0.002 |
0.002 |
|
Embee Software Private Limited |
0.004 |
0.000 |
|
Expert Engineering Enterprises |
0.056 |
0.000 |
|
GA Design Consultants |
0.492 |
0.000 |
|
Glowcast |
0.318 |
0.000 |
|
Goldmine Project Consultants Private Limited |
0.001 |
0.000 |
|
Hosmac India Private Limited |
0.074 |
0.000 |
|
Hrishikesh B. Mahatre |
0.019 |
0.000 |
|
Insite |
0.148 |
0.000 |
|
Jalihal Associates |
0.060 |
0.000 |
|
Kamla Raheja Vidyanidhi Institute |
0.076 |
0.076 |
|
Kapadia Associates Private Limited |
0.068 |
0.003 |
|
Keller Ground Engineering India Private Limited |
0.001 |
0.001 |
|
Lewis and Hickey India Private Limited |
0.066 |
0.000 |
|
Louis Berger Group Inc |
0.001 |
0.000 |
|
Lucid Colloids Limited |
0.168 |
0.000 |
|
Mahendra Kale Architects |
0.000 |
0.000 |
|
Pitel Engineering Private Limited |
0.031 |
0.000 |
|
Prakash B. Dalabanjan (Hubli) |
0.036 |
0.000 |
|
Prakash Mankar Designs Private Limited |
0.013 |
0.000 |
|
PS Landscape Design and Ecology |
0.034 |
0.000 |
|
Ray Virtual |
0.033 |
0.000 |
|
Sahani Associates |
0.033 |
0.000 |
|
Satish Dupelia |
0.019 |
0.000 |
|
S. G. Arbole Architects |
0.008 |
0.000 |
|
Shejawadkar Construction Company Limited |
0.010 |
0.000 |
|
Shyam Raheja |
0.001 |
0.001 |
|
Taiyo Lucid Private Limited |
0.169 |
0.000 |
|
Think BNK |
0.157 |
0.000 |
|
Thinkspace |
0.015 |
0.000 |
|
Thornton Tomasetti |
0.004 |
0.000 |
|
Vimal Chawda and Associates |
0.001 |
0.000 |
|
Aditya Pawar |
0.001 |
0.000 |
|
Anand Patil |
0.001 |
0.000 |
|
Ashish D. Naikodi |
0.001 |
0.000 |
|
Black and Veatch Consulting Private Limited |
0.002 |
0.000 |
|
Mayank H. Shukla |
0.001 |
0.000 |
|
Nikhil Patil |
0.001 |
0.000 |
|
Nilesh Gurauh |
0.001 |
0.000 |
|
Pallavi Vishwakarma |
0.001 |
0.000 |
|
Atelier Design N Domain |
0.000 |
0.025 |
|
Parallax Design Studio |
0.000 |
0.081 |
|
Perkins Eastman |
0.000 |
0.119 |
|
Sterling and Wilson Private Limited |
0.000 |
0.045 |
|
Sunny Vista Realtors Private Limited |
0.000 |
0.183 |
|
Tridhaatu Realty and Infra Private Limited |
0.000 |
0.032 |
|
United Architects |
0.000 |
0.001 |
|
Vivek Bhole Architects Private Limited |
0.000 |
0.002 |
|
Warty Uday Shankar |
0.000 |
0.164 |
|
Bhagyshree Sutar |
0.000 |
0.001 |
|
Fahim Anwar |
0.000 |
0.006 |
|
Prashant Puralkar |
0.000 |
0.001 |
|
Sagarika Patil |
0.000 |
0.001 |
|
Satish Chhapre |
0.000 |
0.001 |
|
Shraddha Tambe |
0.000 |
0.001 |
|
Siddhesh Deshpande |
0.000 |
0.001 |
|
Snehali Bagwe |
0.000 |
0.001 |
|
Summet Sadawarti |
0.000 |
0.001 |
|
|
|
|
|
Total |
2.776 |
0.751 |
FIXED ASSETS:
· Furniture and Fixtures
· Plant and Machinery
· Air Conditioner
· Pager Machines
· Vehicles
· Car
· Bike
· Office Equipment
· Office Appliances
· Aqua Guard
· Others
· Computer
· Printers
· Laptop
· LCD
· Panasonic Plasma
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 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.54.29 |
|
|
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.