MIRA
INFORM REPORT
|
Report Date : |
22.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
AEGIS INFOWARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
230, Platinum Plaza, Opposite IOC Petrol Pump, Judges Bungalow Road,
Bodakdev, Ahmedabad-380015, Gujarat |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.06.2006 |
|
|
|
|
Com. Reg. No.: |
04-048546 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72100GJ2006PTC048546 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
AHMA07034G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA7944P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trader of computer hardwares and softwares and other parts and peripherals. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 130000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a moderate track record. The profit margin appears to be low. There also appears huge external
borrowing which may acts as a threat to the liquidity. However, trade relations are fair. Business is active. Payments 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.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
NSIC Rating (SE1B) |
|
Rating Explanation |
Highest performance capability and moderate financial strength |
|
Date |
27.09.2012 |
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. Deepak Kadia |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9974444511 |
|
Date : |
20.12.2013 |
LOCATIONS
|
Registered Office : |
230, 2nd Floor, Platinum Plaza, Opposite IOC Petrol Pump,
Judges Bungalow Road, Bodakdev, Ahmedabad - 380015, Gujarat, India |
|
Tel. No.: |
91-79-66097903 / 4 |
|
Mobile No.: |
91-9974444511 (Mr. Deepak Kadia) |
|
Fax No.: |
91-79-66097903 / 26731004 |
|
E-Mail : |
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|
Website : |
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|
Branch Office : |
|
DIRECTORS
As on 28.09.2013
|
Name : |
Mr. Atul Rajarambhai Shah |
|
Designation : |
Director |
|
Address : |
806, Rajgarden, New Vikash Gruh, Paldi, Ahmedabad - 380007, |
|
Date of Birth/Age : |
19.10.1967 |
|
Date of Appointment : |
23.06.2006 |
|
DIN No.: |
00311081 |
|
|
|
|
Name : |
Mr. Manish Harishbhai Acharya |
|
Designation : |
Director |
|
Address : |
A/4, Satellite Plaza, Row House, Opposite Akar Society, P. N. Road,
Satellite, Ahmedabad - 380015, Gujarat, India |
|
Date of Birth/Age : |
16.05.1970 |
|
Date of Appointment : |
23.06.2006 |
|
DIN No.: |
00311222 |
|
|
|
|
Name : |
Mr. Nirav Yashvant Jani |
|
Designation : |
Director |
|
Address : |
Manjula Deep, Plot No.1214/1, Sector 7D, Gandhinagar - 382007, |
|
Date of Birth/Age : |
14.06.1973 |
|
Date of Appointment : |
23.06.2006 |
|
DIN No.: |
00337159 |
|
|
|
|
Name : |
Mr. Ashish Chandrakant Mehta |
|
Designation : |
Director |
|
Address : |
Himanshu Villa, 2 Vimanagar Raiya Road, Rajkot - 360004,
Gujarat, India |
|
Date of Birth/Age : |
28.11.1982 |
|
Date of Appointment : |
07.04.2011 |
|
DIN No.: |
03483580 |
|
|
|
|
Name : |
Mr. Abhaykumar Arvindbhai Gandhi |
|
Designation : |
Director |
|
Address : |
2914 Vaghan Pole, Zaveri Wad Relif Road, Ahmedabad -
380001, Gujarat, India |
|
Date of Birth/Age : |
22.05.1974 |
|
Date of Appointment : |
07.04.2011 |
|
DIN No.: |
03483586 |
|
|
|
|
Name : |
Mr. Samkit Atulbhai Shah |
|
Designation : |
Director |
|
Address : |
901,Gulmoharc Heights Between Surgan 1 & 2, Anand NGR Opposite Auda Garden, Vejalpur, Ahmedabad – 380051, Gujarat, India |
|
Date of Birth/Age : |
09.11.1989 |
|
Date of Appointment : |
02.11.2012 |
|
DIN No.: |
06430338 |
|
|
|
|
Name : |
Mr. Devendrabhai Baulal Patel |
|
Designation : |
Director |
|
Address : |
504/1,Paiky Plot No-11, 1st Floor, Ishwar Nagar Soc, Opposite Vihar Soc. Ved Road, Surat - 395004, Gujarat, India |
|
Date of Birth/Age : |
18.06.1979 |
|
Date of Appointment : |
01.08.2013 |
|
DIN No.: |
06654466 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak Kadia |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Atul Rajarambhai Shah Rajarambhai B. Shah |
|
18000 |
|
Manish Harishbhai Acharya Harishbhai T. Acharya |
|
18000 |
|
Nirav Yashvantrai Jani Yashvantrai Jani |
|
17940 |
|
Seema Atul Shah |
|
18000 |
|
Sharmilee Manishbhai Acharya |
|
18000 |
|
Parulben Kirti Thakkar |
|
10 |
|
Anilbhai D. Shah (HUF) |
|
10 |
|
Kirtivallan Jagjivandas Thakkar |
|
10 |
|
Rekha D. Mehta |
|
10 |
|
Ushaben Anilbhai Shah |
|
10 |
|
Anilbhai Dahyalal Shah |
|
1 |
|
Chandresh Harsukhlal Vithlani |
|
1 |
|
Manish Uchhrangrai Vithlani |
|
1 |
|
Sunil Vinodbhai Shah HUF |
|
1 |
|
Kailash O. Sheth |
|
1 |
|
Sharad Kantilal Desai |
|
1 |
|
Chetna Sanjay Dalwadi |
|
1 |
|
Vijaybhai Subhodhchandra Vkaharia |
|
1 |
|
Shree Malinath Tax Tile, India |
|
1 |
|
Shree Padmavati Tex Tile, India |
|
1 |
|
Total |
|
90000 |
As on 28.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
99.94 |
|
Others |
0.06 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of computer hardwares and softwares and other parts
and peripherals. |
|
|
|
|
Imports : |
|
|
Products : |
Computer and Computer Peripherals |
|
Countries : |
Hong Kong |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Ingram Micro |
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Customers : |
Retailers and End Users · Silver Line |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
|||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
D. G. Patel and Company Chartered Accountant |
|
Address : |
5/A, Dineshnagar Society, Near Naranpura Railway Crossing,
Ahmedabad-380013, |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFD4114M |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
Rs.10/- each |
Rs. 0.900
Million |
|
|
|
|
|
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 |
0.900 |
0.900 |
0.100 |
|
(b) Reserves & Surplus |
32.307 |
16.269 |
3.871 |
|
(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) |
33.207 |
17.169 |
3.971 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
49.756 |
33.003 |
27.912 |
|
(b) Deferred tax liabilities (Net) |
0.028 |
0.022 |
0.047 |
|
(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) |
49.784 |
33.025 |
27.959 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
83.913 |
66.088 |
49.946 |
|
(b) Trade payables |
155.024 |
149.546 |
63.276 |
|
(c) Other current
liabilities |
3.029 |
1.224 |
0.527 |
|
(d) Short-term provisions |
1.225 |
1.007 |
0.756 |
|
Total Current Liabilities (4) |
243.191 |
217.865 |
114.505 |
|
|
|
|
|
|
TOTAL |
326.182 |
268.059 |
146.435 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4.469 |
3.223 |
2.506 |
|
(ii) Intangible Assets |
0.027 |
0.036 |
0.032 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.333 |
0.042 |
0.091 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
4.829 |
3.301 |
2.629 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
140.201 |
105.948 |
50.612 |
|
(c) Trade receivables |
156.335 |
156.873 |
91.855 |
|
(d) Cash and cash
equivalents |
4.541 |
0.359 |
0.641 |
|
(e) Short-term loans and
advances |
20.276 |
1.578 |
0.675 |
|
(f) Other current assets |
0.000 |
0.000 |
0.023 |
|
Total Current Assets |
321.353 |
264.758 |
143.806 |
|
|
|
|
|
|
TOTAL |
326.182 |
268.059 |
146.435 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
1666.252 |
1426.320 |
1037.177 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
1628.787 |
1396.981 |
1025.102 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
37.465 |
29.339 |
12.075 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.815 |
10.139 |
5.781 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
24.650 |
19.200 |
6.294 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.900 |
0.755 |
0.676 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
23.750 |
18.445 |
5.618 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.713 |
6.047 |
1.741 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
16.037 |
12.398 |
3.877 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
16.268 |
3.870 |
(0.007) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
32.305 |
16.268 |
3.870 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
178.19 |
137.76 |
387.70 |
|
Expected Sales (2013-2014) : Rs. 1800.000 Millions
The above information has been parted by Mr. Deepak Kadia (Accounts
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.96
|
0.87
|
0.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.28
|
6.88
|
3.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.72
|
1.07
|
1.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.03
|
5.77
|
19.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32
|
1.22
|
1.26 |
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 |
0.000 |
0.000 |
0.186 |
|
|
|
|
|
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
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 |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10220972 |
19/12/2012 * |
100,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
LIMITED, HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST),
MUMBAI-400013, MAHARASHTRA, INDIA |
B64290455 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
17.369 |
17.295 |
|
Loans and advances from others |
31.863 |
15.708 |
|
SHORT TERM
BORROWINGS |
|
|
|
Other loans and advances |
0.000 |
6.230 |
|
Total |
49.232 |
39.233 |
FIXED ASSETS
v
Tangible
Assets
Furniture
and Fixtures
Vehicles
Office
Equipment
Computer
Equipments
Other
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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.62.24 |
|
|
1 |
Rs.101.81 |
|
Euro |
1 |
Rs.84.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
35 |
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.