MIRA
INFORM REPORT
|
Report Date : |
03.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
GURUJIWORLD TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
202, Fortune Building, 3rd Floor, Next to Yashada, Aundh, Pune -
411007, Maharashtra |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.03.2007 |
|
|
|
|
Com. Reg. No.: |
11-129736 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200PN2007PTC129736 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK08103E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK1938P |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The activities of the Company comprises of Computer Software Development, implementation, selling, training etc. |
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|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 20000 |
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|
|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. There appears huge external borrowing taken by the company which acts
as threating to the liquidity position of the company. Profitability of the
company seems to be low. However, trade relations are fair. Business is active. Payments are
slow. 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (EMPLOYEE PROVIDENT FUND) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mrs. Sanjeevanee Girish Prabhu |
|
Designation : |
Director |
|
Contact No.: |
91-9545652020 |
|
Date : |
02.12.2013 |
LOCATIONS
|
Registered Office/ Head Office : |
202, Fortune Building, 3rd Floor, Next to Yashada, Aundh, Pune -
411007, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9545652020 (Mrs. Sanjeevanee Girish Prabhu) |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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|
Area : |
1800 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
303, 3rd Floor, Vullari Building, ICICI Lane, Gulmohar Park, Aundh, Pune -411007, Maharashtra, India |
|
Tel. No.: |
91-20-41210707 |
|
Fax No.: |
91-20-41210077 |
|
E-Mail : |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Girish Shrikrishna Prabhu |
|
Designation : |
Managing director |
|
Address : |
Flat No.203, The Grace, Cosmopolitan Society, ITI Road, Pune – 411007,
Maharashtra, India |
|
Date of Birth/Age : |
28.07.1976 |
|
Date of Appointment : |
06.03.2007 |
|
DIN No.: |
00212622 |
|
|
|
|
Name : |
Mrs. Sanjeevanee Girish Prabhu |
|
Designation : |
Director |
|
Address : |
Flat No.203, The Grace, Cosmopolitan Society, ITI Road, Pune – 411007,
Maharashtra, India |
|
Date of Birth/Age : |
13.03.1980 |
|
Date of Appointment : |
06.03.2007 |
|
DIN No.: |
02403467 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Girish Shrikrishna Prabhu |
|
178000 |
|
Sanjeevanee Girish Prabhu |
|
22000 |
|
Total |
|
200000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The activities of the Company comprises of Computer Software Development, implementation, selling, training etc. |
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|
|
|
Terms : |
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Selling : |
Cash |
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|
|
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Purchasing : |
Cash |
GENERAL INFORMATION
|
Customers : |
End Users ·
Wisdom World School ·
City International School ·
GS Lab ·
Learning on Demand ·
NIIT ·
Microsoft ·
Core ·
Educomp ·
Manipal K-12 Education ·
Everonn Education Limited ·
D. Y. Patil Group ·
Novell ·
Maharashtra Government ·
M P Government of Madhya Pradesh ·
Government Department of Education ·
Maharashtra Police |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
Bank of India, Fergusson Road Branch, 1201, C/A, Shivajinagar, Pune - 411004, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Naresh Duseja and Company Chartered Accountants |
|
Address : |
A-2/4, Sukhwani Paradise, Pimpari, Pune – 411017, Maharashtra, India |
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PAN No.: |
AHPPD7741P |
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|
|
|
Subsidiary Companies : |
·
Gurujiworld Learning ·
Guruji Learning Solutions Private Limited CIN
No.: U72300UR2010PTC033215 |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.000 |
2.000 |
|
(b) Reserves & Surplus |
|
3.122 |
2.455 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
5.122 |
4.455 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
13.959 |
5.918 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.114 |
0.068 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
14.073 |
5.986 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
13.760 |
4.953 |
|
(b) Trade payables |
|
0.360 |
9.448 |
|
(c) Other current
liabilities |
|
0.057 |
1.027 |
|
(d) Short-term provisions |
|
1.027 |
1.207 |
|
Total Current Liabilities (4) |
|
15.204 |
16.635 |
|
|
|
|
|
|
TOTAL |
|
34.399 |
27.076 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2.800 |
2.092 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
|
0.181 |
0.270 |
|
(d) Long-term Loan and Advances |
|
5.738 |
0.300 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
8.819 |
2.762 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
19.992 |
0.000 |
|
(c) Trade receivables |
|
0.771 |
14.453 |
|
(d) Cash and cash
equivalents |
|
1.918 |
1.797 |
|
(e) Short-term loans and
advances |
|
2.899 |
8.064 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
25.580 |
24.314 |
|
|
|
|
|
|
TOTAL |
|
34.399 |
27.076 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.595 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.595 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
6.892 |
|
|
2] Unsecured Loans |
|
|
7.793 |
|
|
TOTAL BORROWING |
|
|
14.685 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
17.280 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.937 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.100 |
|
|
DEFERREX TAX ASSETS |
|
|
0.286 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
5.005 |
|
|
Sundry Debtors |
|
|
29.241 |
|
|
Cash & Bank Balances |
|
|
0.690 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
2.936 |
|
Total
Current Assets |
|
|
37.872 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
20.919 |
|
|
Other Current Liabilities |
|
|
0.712 |
|
|
Provisions |
|
|
1.284 |
|
Total
Current Liabilities |
|
|
22.915 |
|
|
Net Current Assets |
|
|
14.957 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
17.280 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
102.374 |
NA |
35.062 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.403 |
NA |
0.732 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.387 |
NA |
0.246 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.667 |
NA |
0.486 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
NA |
0.174 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.667 |
NA |
0.312 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
3.34 |
NA |
3.12 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.95
|
NA |
1.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
NA |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.41
|
2.44 |
5.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68
|
1.46 |
1.65 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT
MATURITIES OF LONG-TERM DEBT: NOT AVAILABLE
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two 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 |
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 |
|
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 |
UNSECURED LOAN:
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
From Subsidiary Company |
0.000 |
5.000 |
|
From Directors and Share Holders |
13.959 |
0.918 |
|
Total |
13.959 |
5.918 |
OPERATIONS
The Company has recorded a turnover of Rs. 102.300 Millions for FY 2012-13, an increment of 3% as compared to the turnover clogged for the last Financial Year. This marginal increase in the top line and bottom line of the company is due to delay in closures of government tenders which formed the major pipeline. The management efforts toward the commitment that it made during the last financial year will be delayed as all the major bigger orders for supply of the products & services of the company will be closed successfully in the coming year. The management foresees that post these closures in the coming year this growth trend will continue in turnover and the profitability in the ensuing year in view of the long terms association that The Company has built with the potential customers and new potential opportunities are also been explored.
The Company has invested in improvising the K12 Interactive Classroom product to fit to the latest technology platform to break through the 1 platform barrier and this can be construed as one of the reason for marginal increase in sales.
The Company’s Deharadun based100% subsidiary ‘Guruji Learning Solutions Private Limited’ has recorded a turnover of Rs. 102.100 Millions for FY 2012-13.
The directors have identified the growing competition and have been investing on these indigenously developed company products to create entry barriers to secure future opportunities. There is huge growth potential for the indigenously developed products of the company, the feedback from the existing customers adds to the enthusiasm of the directors.
The Company is successful in increasing its presence to around 3 States and talks are on for more States for either getting into State Rate Contracts for its products, or getting into partnership with strong local vendors or exploring direct association with the Governments.
The Company is also in dialogue with the State Government in one state to accept the company as a strategic partner and initiate capacity building of government employees through blended learning process in its state.
The Directors have been successful in entering into more strategic alliances for the Subsidiary company with leading companies in the E-Learning industry such as IL&FS ETS, Shreeram New Horizon Group, Valuable Group. The Directors are hopeful of presenting an even better result for the coming years as more ties are in pipeline which will directly increase the presence and revenue streams for the Subsidiary and indirectly for The Company.
The Directors have targeted a turnover of Rs 200.000 Millions for the ensuing year and further increase of 100% each year onwards.
The Company is planning to revamp the complete product portfolio offerings. The Company is planning to get into partnership with private educational institutes for educational services bundled around its own solutions over coming years through its Subsidiary.
The Company was able to close a small portion 3.36L of International Revenue through its partnership with an Australian Company. This association has committed more business for the ensuing year.
The Company endeavors to make significant contribution towards eradication of unemployment. They extend equal opportunity to all individuals without regard for race, religion, colour, sex, national origin, age, disability, handicaps or veterans status. They always find opportunities where freshers/ youth with no experience can be hired. This also affirms their commitment to the principles of fair employment and the elimination of all vestiges of discriminatory practices that might exist.
BACKGROUND AND NATURE
OF OPERATIONS
GurujiWorld Technologies Private Limited (‘the Company’) was incorporated on 7th March, 2007. The Company has its office is located in Pune.
The activities of the Company comprises of Computer Software Development, implementation, selling, training etc.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10098819 |
29/06/2012 * |
5,000,000.00 |
BANK OF INDIA |
FERGUSSON ROAD BRANCH, 1201, C/A, SHIVAJINAGAR, PUNE, Maharashtra - 411004, INDIA |
B58526740 |
|
2 |
10098109 |
29/06/2012 * |
15,000,000.00 |
BANK OF INDIA |
FERGUSSON ROAD BRANCH, 1201, C/A, SHIVAJINAGAR, PUNE, Maharashtra - 411004, INDIA |
B58520107 |
* Date of charge modification
TRADE REFERENCE:
·
Educomp Solutions Limited
·
IL and ES Education and Technology Services
FIXED ASSETS:
·
Plant and Machinery
·
Electrical Installations
·
Computer Systems
·
Furniture and Fixtures
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.62.23 |
|
|
1 |
Rs.102.14 |
|
Euro |
1 |
Rs.84.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
RAJ |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.