|
Report Date : |
21.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
DCOM SYSTEMS LIMITED |
|
|
|
|
Registered
Office : |
311, ERD Floor, Venus Atlantis Corporate Park, Near Prahladnagar Auda
Garden Satellite, Ahmedabad – 380015, Gujrat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.03.2000 |
|
|
|
|
Com. Reg. No.: |
04-037595 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.11.214 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200GJ2000PTC037595 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD4827H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Service provider for fitting underground water pipelines. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 260000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The management has seen a drastic dip in its revenue from its operations
during 2013 as the company has received less project order due to recession.
Further there appears a loss report in the books. External borrowings appear
to be huge which may act as a threat to the liquidity position. However, trade relations are fair. Business is active. Payment terms
are reported as 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
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 : |
Ms. Nita Hinduja |
|
Designation : |
Director |
|
Contact No.: |
91-7698854400 |
|
Date : |
13.12.2013 |
LOCATIONS
|
Registered Office : |
311, ERD Floor, Venus Atlantis Corporate Park, Near Prahladnagar Auda
Garden Satellite, Ahmedabad – 380015, Gujrat, India |
|
Tel. No.: |
91-79-29097930 |
|
Mobile No.: |
91-7698854400 (Ms. Nita Hinduja) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
(AS ON 30.09.2013)
|
Name : |
Mr. Gaurav Prakash Hinduja |
|
Designation : |
Director |
|
Address : |
D-59, Aryaman Bunglow, Near Shilaj Railway Crossing, Shilaj, Ahmedabad
– 380059, Gujarat, India |
|
Date of Appointment : |
13.09.2010 |
|
DIN No.: |
01752411 |
|
Pan No.: |
ABTPH6968G |
|
|
|
|
Name : |
Ms. Nita Prakash Hinduja |
|
Designation : |
Managing Director |
|
Address : |
D-59, Aryaman Bunglow, Near Shilaj Railway Crossing, Shilaj, Ahmedabad
– 380059, Gujarat, India |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
01752379 |
|
Pan No.: |
AAIPH7405C |
|
|
|
|
Name : |
Mr. Prakash Lalchand Wadhwani |
|
Designation : |
Additional Director |
|
Address : |
65, Bansidhar Society, D Cabin Sabarmati, Ahmedabad – 380019, Gujarat,
India |
|
Date of Birth/Age : |
29.08.1982 |
|
Date of Appointment : |
17.06.2013 |
|
DIN No.: |
06610972 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
Prakash L. Hinduja |
|
2600 |
|
Gaurav P. Hinduja |
|
368500 |
|
Nita P. Hinduja |
|
366200 |
|
Ankit P. Hinduja |
|
367400 |
|
Ankit P. Hinduja and Nita P. Hinduja |
|
100 |
|
Prakash L. Hinduja Joint with Gaurav Prakash Hinduja Joint with Ankit
P. Hinduja |
|
100 |
|
Nita P. Hinduja Joint with Gaurav P. Hinduja Joint with Ankit P.
Hinduja |
|
100 |
|
Jatadhari Paridn |
|
4400 |
|
Binod Kumar Yadav |
|
5000 |
|
Samim Ansari |
|
7000 |
|
|
|
|
|
Total |
|
1121400 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
66.00 |
|
Other top fifty shareholders |
|
34.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service provider for fitting underground water pipelines. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
10 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Bank of Maharashtra Ahmedabad, Gujarat, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· SREI Equipment Finance Private Limited ‘Vishwakarma’, 86C, Topsia Road, Kolkata – 700046, West Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
B. N. Kamothi and Company Chartered Accountants |
|
Address : |
Shrimad Bhavan FF-6 Opposite Kantastrivikas Gruth School, Rajkot,
Gujarat, India |
|
PAN No.: |
BGJPR2124Q |
|
|
|
|
Enterprises
which are owned, or have significant influence of or are partners with key
management personnel and their relatives : |
· Jaihind Projects Limited, India |
CAPITAL STRUCTURE
(AS ON 30.09.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1290000 |
Equity Shares |
Rs.10/- each |
Rs.12.900 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1121400 |
Equity Shares |
Rs.10/- each |
Rs.11.214
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 |
11.214 |
11.214 |
11.214 |
|
(b) Reserves & Surplus |
54.139 |
86.173 |
74.674 |
|
(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) |
65.353 |
97.387 |
85.888 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
202.608 |
428.003 |
243.851 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.022 |
|
(c) Other long
term liabilities |
323.154 |
280.246 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
525.762 |
708.249 |
243.873 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
179.023 |
134.140 |
19.214 |
|
(b)
Trade payables |
1041.991 |
1030.504 |
740.111 |
|
(c)
Other current liabilities |
62.931 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
2.590 |
31.039 |
28.632 |
|
Total Current
Liabilities (4) |
1286.535 |
1195.683 |
787.957 |
|
|
|
|
|
|
TOTAL |
1877.650 |
2001.319 |
1117.718 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
37.483 |
25.276 |
20.771 |
|
(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 |
585.645 |
585.645 |
0.000 |
|
(c) Deferred tax assets (net) |
(0.480) |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
251.953 |
83.216 |
26.120 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
271.794 |
|
Total Non-Current
Assets |
874.601 |
694.137 |
318.685 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
3.100 |
8.706 |
58.643 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
940.266 |
1251.322 |
654.589 |
|
(d) Cash
and cash equivalents |
13.503 |
5.138 |
53.478 |
|
(e)
Short-term loans and advances |
46.180 |
42.016 |
32.323 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1003.049 |
1307.182 |
799.033 |
|
|
|
|
|
|
TOTAL |
1877.650 |
2001.319 |
1117.718 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
749.472 |
1639.107 |
1286.178 |
|
|
|
Other Income |
3.045 |
18.629 |
2.167 |
|
|
|
TOTAL (A) |
752.517 |
1657.736 |
1288.345 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
741.848 |
1573.132 |
1235.391 |
|
|
|
Changes in Inventories of finished Goods, Work-in-progress and
Stock-in-trade |
0.000 |
0.000 |
0.000 |
|
|
|
Employee benefit Expenses |
0.950 |
0.813 |
1.668 |
|
|
|
Other Expenses |
4.774 |
32.703 |
9.122 |
|
|
|
TOTAL (B) |
747.572 |
1606.648 |
1246.181 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.945 |
51.087 |
42.164 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
36.282 |
32.019 |
5.736 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(31.337) |
19.068 |
36.428 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.028 |
0.441 |
0.421 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(32.365) |
18.627 |
36.007 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.331) |
7.128 |
12.952 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(32.034) |
11.499 |
23.055 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
-- |
10.25 |
20.24 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(4.26)
|
0.69 |
1.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(4.32)
|
1.14 |
2.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.50)
|
1.32 |
3.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.50)
|
0.19 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.84
|
5.77 |
3.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.78
|
1.09 |
1.01 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Rupee Term Loans from others |
0.000 |
291.506 |
|
Loans and Advances from Related Parties |
79.500 |
0.000 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Working Capital Loans from Banks |
161.823 |
27.062 |
|
Loans and Advances from Related parties |
17.200 |
93.750 |
|
|
|
|
|
Total |
258.523 |
412.318 |
NOTE:
The Registered office of the company has been
shifted from Shop No.28, 1st Floor, Vraj Vihar 6, Behind Rahul
Tower, Off 100 ft. Road, Satellite, Ahmedabad – 380015, Gujarat, India, to the
present address w.e.f. 20.05.2013.
OPERATIONS
During the year,
the Company’s income was Rs.752.517 Millions against Rs.165.774 Millions during
the previous year. Higher turnover was possible on account of full fledge
operational activities during the year.
FUTURE PLANS &
DIVERSIONS
The company is
continuing to improve its performance because of its Management’s total focus
on key strategic initiatives. Apart from this, the management has been
aggressively examining the process by taking full advantage of technology to
drive down costs across the organization to generate additional funds to fuel
growth. The initiative have been successfully implemented by outstanding work
force of the Company to which the Board acknowledges its appreciation and
gratitude.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10400217 |
31/12/2012 |
153,600,000.00 |
SREI Equipment
Finance Private Limited |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B66925009 |
|
2 |
10382195 |
25/09/2012 |
70,000,000.00 |
RAJKOT NAGRIK
SAHKARI BANK LIMITED |
NAGRIK BHAVAN,
NAVRANGPURA, MITHAKHALI SIX ROAD, |
B60336443 |
|
3 |
10360006 |
14/05/2012 |
19,000,000.00 |
SREI Equipment
Finance Private Limited |
'VISHWAKARMA', 86C,
TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B41356494 |
|
4 |
10360009 |
14/05/2012 |
19,523,677.00 |
SREI Equipment
Finance Private Limited |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B41357039 |
|
5 |
10360007 |
14/05/2012 |
95,800,000.00 |
SREI Equipment
Finance Private Limited |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B41356767 |
|
6 |
10278593 |
15/03/2011 |
150,000,000.00 |
SREI Equipment
Finance Private Limited |
'VISHWAKARMA', 86C,
TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B09945387 |
FIXED ASSETS:
· Building
· Office Building
· Plant and Equipment
· Furniture and Fixture
· Vehicles
· Motor Vehicle
· Office Equipment
· Computer Equipment
· Other Equipment
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.62.38 |
|
|
1 |
Rs.102.15 |
|
Euro |
1 |
Rs.85.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.