MIRA
INFORM REPORT
|
Report Date : |
04.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
INSIGHT PRINT COMMUNICATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2 Vakil Industrial Estate , 2nd Floor, Walbhat Road ,
Goregaon (East), Mumbai-400063, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
17.03.2007 |
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|
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|
Com. Reg. No.: |
11-197670 |
|
|
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|
Capital Investment
/ Paid-up Capital : |
Rs.6.320 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219MH2007PTC197670 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEI05115F |
|
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|
|
PAN No.: [Permanent Account No.] |
AABCI6530P |
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|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
Trader of HP and Scitex High and Printer |
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|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 797000 |
|
|
|
|
Status : |
Satisfactory |
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|
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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 record. Profitability of the company appears to be decent. General financial position
of the company appears to be sound and healthy. Trade relations are reported as fair. Business is active. Payments are
usually correct. The company can be considered 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.
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
|
Name : |
Mr. Paresh Panchamiya |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9371052556 |
|
Date : |
03.12.2013 |
LOCATIONS
|
Registered Office : |
2 Vakil Industrial Estate , 2nd Floor, Walbhat Road , Goregaon
(East), Mumbai-400063, Maharashtra, India |
|
Tel. No. : |
91-22-61234000 |
|
Mobile No. : |
91-9371052556 (Mr. Paresh Panchamiya) |
|
Fax No. : |
Not Divulged |
|
E-Mail : |
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|
Website : |
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|
Area : |
1100 Sq ft |
|
Location : |
Rented |
|
|
|
|
Corporate Office : |
301, Gera Chambers of Boat Club Road, Pune – 411001, Maharashtra
,India |
|
Area : |
1100 Sq ft |
|
Location : |
Owned |
|
|
|
|
Branches : |
Located At: ·
Pune ·
Chennai ·
Kolkata ·
Bangalore ·
Kerala ·
Delhi ·
Hyderabad ·
Ahmedabad |
|
|
|
|
Warehouse : |
Located At: Bhiwandi (Owned Premises) |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Angelo Tadeu Bartolomeu Lima Fernandes |
|
Designation : |
Director |
|
Address : |
Plot No:60, Shivshankar Girija Co-Op. Housing Society, Kondhwa Khurd,
Pune-411048, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1956 |
|
Date of Appointment : |
17.03.2007 |
|
DIN No.: |
00547648 |
|
|
|
|
Name : |
Mr. Nehchalraj Singh Hardarshansingh Ahluwalia |
|
Designation : |
Director |
|
Address : |
Plot no. 59 , Shivshankar Girija Co-Op. Housing Society, Kondhwa
Khurd, Pune-411048, Maharashtra, India
|
|
Date of Birth/Age : |
16.01.1952 |
|
Date of Appointment : |
12.09.2008 |
|
DIN No.: |
00550396 |
|
|
|
|
Name : |
Mr. Ajay Radhakrishan Aggarwal |
|
Designation : |
Director |
|
Address : |
G – 268, Sarita Vihar, New Delhi-110044, India |
|
Date of Birth/Age : |
08.09.1969 |
|
Date of Appointment : |
12.09.2008 |
|
DIN No.: |
00563485 |
|
|
|
|
Name : |
Mr. Ravinder Singh Meharban Singh Dugal |
|
Designation : |
Director |
|
Address : |
A 701-702 Crystel Avenue, Dattani Park, Thakur Village, Kandiwali (East),
Mumbai-400101, Maharashtra, India |
|
Date of Birth/Age : |
15.10.1956 |
|
Date of Appointment : |
17.03.2007 |
|
DIN No.: |
01177141 |
|
|
|
|
Name : |
Mr. Nitin Dinkar Palekar |
|
Designation : |
Additional Director |
|
Address : |
B -27 Nikash Skies
, Someshwa r Wadi, Off Baner Road, Pune, 4 11008, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1957 |
|
Date of Appointment : |
29.07.2013 |
|
DIN No.: |
00551282 |
|
|
|
|
Name : |
Mr. Ashish Vishnu Save |
|
Designation : |
Additional Director |
|
Address : |
A 2021 Ridhi Shri Appartrnent., Phool
Pada Road Virar East Thane, Mumbai, 40 1305, Maharashtra, India |
|
Date of Birth/Age : |
19.02.1974 |
|
Date of Appointment : |
29.07.2013 |
|
DIN No.: |
06629928 |
|
|
|
|
Name : |
Mr. Mathew George Kannamala |
|
Designation : |
Additional Director |
|
Address : |
Door No.5, No .
29, Kamakoti Krip a, No rth Avenue" Sr inagar Co lony, BII-I Saidapet
Court" Chennai, 600015, Tami l Nadu , India |
|
Date of Birth/Age : |
27.05.1968 |
|
Date of Appointment : |
29.07.2013 |
|
DIN No.: |
06643659 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Ravinder Singh Dugal |
158000 |
|
Angelo Lima Fernandes |
158000 |
|
Nehchalraj Singh Ahluwalia |
158000 |
|
Ajay Radhakrishan Aggarwal |
158000 |
|
|
|
|
Total |
632000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of HP and Scitex High and Printer |
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|
Agencies Held : |
v HP v Scitex v Kodak |
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Exports : |
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Products : |
Printers (Very Less) |
|
Countries : |
Maturities |
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Imports : |
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|
Products : |
Machines |
|
Countries : |
Singapore |
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Terms : |
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Selling : |
L/C (100%) |
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Purchasing : |
Cash and Credit (15 to 30 Days) |
GENERAL INFORMATION
|
Suppliers : |
Ø Kotak India |
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Customers : |
End usres Ø Macro Media
Digital Imaging |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
ICICI Bank, Bun Garden Branch |
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Facilities : |
NOTE: a.
Car Loans I and II from ICICI Bank is repayable in 59
Equated Monthly Installments and is secured against the Hypothecation of
respective Motor Car for which loan is acquired. b.
Car Loans III from ICICI Bank is repayable in 60
Equated Monthly Installments and is secured against the Hypothecation of
respective Motor Car for which loan is acquired. c.
Car Loans IV from ICIC] Bank is repayable in 36
Equated Monthly Installments and is secured against the Hypothecation of
respective Motor Car for which loan is acquired. |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
ASL and Company Chartered Accountants |
|
Address : |
102, Gauresh Apartments, Old Police Lines, Agarkar Chowk, Andheri
(East), Mumbai-400069, Maharashtra, India |
|
Tel. No.: |
91-22-26841173 / 26838557 / 26830558 / 26838038 |
|
Fax No.: |
91-22-26842206 |
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E-Mail : |
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PAN No.: |
AAAFC1257B |
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|
Associates/Subsidiaries : |
Ø Picatype Systems
Private Limited Ø Media Wide Labs
Private Limited Ø Reality
Infosystems Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
632000 |
Equity Shares |
Rs.10/- each |
Rs.6.320 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6.320 |
6.320 |
6.320 |
|
(b) Reserves & Surplus |
193.058 |
170.189 |
155.301 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
199.378 |
176.509 |
161.621 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.829 |
1.137 |
1.520 |
|
(b) Deferred tax liabilities (Net) |
7.817 |
7.044 |
6.818 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
9.646 |
8.181 |
8.338 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.630 |
|
(b) Trade payables |
133.425 |
148.627 |
143.243 |
|
(c) Other current
liabilities |
22.676 |
11.673 |
23.517 |
|
(d) Short-term provisions |
14.920 |
13.712 |
21.458 |
|
Total Current Liabilities (4) |
171.021 |
174.012 |
188.848 |
|
|
|
|
|
|
TOTAL |
380.045 |
358.702 |
358.807 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
27.994 |
17.714 |
17.828 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
36.671 |
42.332 |
2.016 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
42.350 |
36.333 |
28.407 |
|
(e) Other Non-current assets |
4.540 |
4.246 |
0.031 |
|
Total Non-Current Assets |
111.555 |
100.625 |
48.282 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
100.534 |
83.265 |
107.050 |
|
(c) Trade receivables |
163.764 |
148.429 |
167.642 |
|
(d) Cash and cash
equivalents |
0.116 |
22.414 |
31.790 |
|
(e) Short-term loans and
advances |
4.076 |
3.939 |
4.002 |
|
(f) Other current assets |
0.000 |
0.030 |
0.041 |
|
Total Current Assets |
268.490 |
258.077 |
310.525 |
|
|
|
|
|
|
TOTAL |
380.045 |
358.702 |
358.807 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
775.515 |
760.107 |
823.813 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
737.499 |
722.341 |
750.911 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
38.016 |
37.766 |
72.902 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.338 |
3.276 |
3.105 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
34.678 |
34.490 |
69.767 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
11.810 |
12.256 |
23.809 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
22.868 |
22.234 |
45.988 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
167.960 |
155.301 |
109.313 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
2.230 |
0.000 |
|
|
|
Dividend |
0.000 |
6.320 |
0.000 |
|
|
|
Tax on Dividend |
0.000 |
1.025 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
190.828 |
167.960 |
155.301 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
Nil |
NIL |
5.098 |
|
|
TOTAL EARNINGS |
Nil
|
NIL
|
5.098 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
36.18 |
35.18 |
72.76 |
|
Expected Sales (2013-2014) : Rs.900.000 Millions (They are more into
consumerable industry)
The above information has been parted by Mr. Paresh Panchamiya
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.95
|
2.92 |
5.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.10
|
10.90 |
19.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.19 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01
|
0.01 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.57
|
1.48 |
1.64 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Current maturities
of long-term debt |
0.230 |
0.383 |
0.000 |
|
|
|
|
|
|
Total |
0.230 |
0.383 |
0.000 |
|
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
Yes |
|
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 401, Nyati
Millennium, 4th Floor, Viman Nagar, Pune-411014, Maharashtra, India to the
present address w.e.f. 08.12.2008
INDEX OF CHARGES
No Charges Exist for Company
FIXED ASSETS
·
Freehold Land
·
Air Conditioner
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
·
Goodwill
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.62.34 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.