MIRA
INFORM REPORT
|
Report Date : |
30.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
INTELLICON PRIVATE LIMITED |
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Registered
Office : |
B – 404, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
27.12.1984 |
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Com. Reg. No.: |
04-007533 |
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Capital Investment
/ Paid-up Capital : |
Rs.5.401 Millions |
|
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CIN No.: [Company Identification
No.] |
U32201GJ1984PTC007533 |
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IEC No.: |
0888007477 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMI00588A |
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PAN No.: [Permanent Account No.] |
AAACI4324C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Trader and Importer of Bar Coding and
Communication Equipments. |
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No. of Employees
: |
325 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 434000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having track record. Management of the
company has not filed its financials of the year 2011. However Mr. Darshil Shah Assistant Executive product management
provided with us all information and also provided financial for the year
2012 and 2013. As per the current year financials there appears some dip in the
turnover. The company has also incurred a loss during current year. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
Uptick in
agriculture and construction spread some cheer as the economy grew a higher-than-expected
4.8 % in the three months through September. Manufacturing rose an annual rate
per cent during the quarter and mining fell by 0.4 %, government data showed
while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of
payments is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
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. Darshil Shah |
|
Designation : |
Assistant Executive – Product Management |
|
Contact No.: |
91-79-30013237 |
|
Date : |
24.12.2013 |
LOCATIONS
|
Registered Office : |
B – 404, Shivalik Plaza, Opposite AMA, Panjrapol, Ahmedabad – 380015,
Gujarat, India |
|
Tel. No. : |
91-79-30013333 |
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Mobile No. : |
91-9898422499 (Mr. Darshil Shah) |
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Fax No. : |
91-79-30013300 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
B/20, Electronic Estate, Sector – 25, GIDC, Gandhinagar – 382024,
Gujarat, India |
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Tel. No. : |
91-79-30512000 |
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Fax No. : |
91-79-30512010 |
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Location : |
Owned |
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Branch Office : |
Located At: · Mumbai · Ahmedabad · Gandhinagar · New Delhi · Pune · Surat · Baroda · Bhopal · Chennai · Kolkata · Lucknow |
DIRECTORS
|
Name : |
Mr. Sameer Shashikant Parekh |
|
Designation : |
Managing Director |
|
Address : |
2-A, Rockside, Walkeshwar Road, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
23.11.1963 |
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Qualification : |
M.S. |
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Experience : |
24 Years |
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Date of Appointment : |
28.09.1987 |
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DIN : |
00010159 |
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Name : |
Mr. Shashikant Shamjibhai Parekh |
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Designation : |
Director |
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Address : |
2-A, Rockside, Walkeshwar Road, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
13.12.1932 |
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Date of Appointment : |
02.05.1986 |
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DIN : |
00030682 |
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Name : |
Ms. Meeta Hetal Trivedi |
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Designation : |
Director |
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Address : |
Plot No.315, Sector – 8, Gandhinagar - 382007, |
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Date of Birth/Age : |
08.11.1966 |
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Qualification : |
BE-EC |
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Experience : |
21 Years |
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Date of Appointment : |
20.08.2011 |
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DIN : |
03601532 |
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Name : |
Mr. Srinivasan Rengacharri
Sudarsana |
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Designation : |
Director |
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Address : |
C-204, Kusum Bharti, Borivali (East), Mumbai – 4000067, Maharashtra,
India |
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Date of Birth/Age : |
12.08.1965 |
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Qualification : |
BA, MBA |
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Experience : |
27 Years |
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Date of Appointment : |
20.08.2011 |
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DIN : |
03602209 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
|
Sameer Shashikant Parekh |
94560 |
|
Shashikant Shamjibhai Parekh [HUF] |
18000 |
|
Arusha Stock Holdings Private Limited, India |
427500 |
|
|
|
|
Total |
540060 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
80.00 |
|
Directors or relatives of Directors |
20.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Importer of Bar Coding and
Communication Equipments. |
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|
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Products / Services : |
Enterprise Communications Ø
IP Communication Server Ø
ISDN/ IP Based Digital EPABX Ø
Digital ISDN Key Telephone System Ø
Analog Key Telephone Systems Video Conferencing and AV Integration Solutions Ø
High Definition VC Products & Solutions Ø
VC Infrastructure Products and Desktop solutions Ø
Integrated Control & Automation Systems Ø
LFD/LED Displays & Video Wall Solutions Information Technology Ø
Mobile Computers Ø
Barcode Scanners/ Ø
Barcode / RFID Printers Ø
Mobile Printers Ø
High Speed Industrial Laser-Raster/ Image Scanners Ø
RFID Equipments Ø
Wireless Network Components Software Products Ø
IntelliASSET: Asset Tracking Software Ø
IntelliCAS: Call Accounting Software Ø
IntelliCONSOLL PC Based Consol Ø
IntelliCONTACT: Call Centre Solution Ø
IntelliCONTACT-VL: Voice Loggers Ø
IntelliERS: Emergency Reporting System Ø
IntelliIVRSL Integrated Voice Response System Ø
IntelliMEET: Meet Me Conference Solution Ø
IntelliVMS: Voice Mail Solution Ø
IntelliWMS: Warehouse Management Software |
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Agencies Held : |
Life Size / Radvision Karel / NEC / Avaya Karel . Intellisec Zebra / Honeywell / Microscan / Bluebird / Impinj |
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Terms : |
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Selling : |
45 Days (100% Advance) |
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Purchasing : |
L/C |
GENERAL INFORMATION
|
Suppliers : |
·
Life Size ·
Karel ·
Zebra ·
Honeywell ·
Microscan ·
Bluebird ·
Impinj |
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Customers : |
End Users ·
Bajaj Auto Limited |
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No. of Employees : |
325 (Approximately) |
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Bankers : |
HDFC Bank Limited, Plot # 448, Sector – 16, Next To Pragna Petrol Pump,
Gandhinagar – 82016, Gujarat, India |
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Facilities : |
CC Rs. 250.000 Millions from HDFC Bank Limited |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Shreekant
S Shah and Company Chartered
Accountants |
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Address : |
11, Krishna Apartment, 2nd Floor, Opposite Russian Flats,
Navrangpura, Ahmedabad – 380009, |
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Tel No.: |
91-79-26425541/ 26441102 |
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Fax No.: |
91-79-26430843 |
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Email : |
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Pan No.: |
ACVPS6968C |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2150000 |
Equity Shares |
Rs.10/- each |
Rs. 21.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
540060 |
Equity Shares |
Rs.10/- each |
Rs.5.401 Millions |
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|
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 |
5.401 |
5.401 |
18.401 |
|
(b) Reserves & Surplus |
103.193 |
104.391 |
82.004 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
108.594 |
109.792 |
100.405 |
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
57.711 |
59.703 |
64.297 |
|
(b) Deferred tax liabilities (Net) |
4.945 |
3.271 |
4.656 |
|
(c) Other long term liabilities |
0.116 |
0.299 |
0.319 |
|
(d) long-term provisions |
0.000 |
0.000 |
5.209 |
|
Total Non-current Liabilities (3) |
62.772 |
63.273 |
74.481 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
127.254 |
132.871 |
99.984 |
|
(b) Trade payables |
125.387 |
124.039 |
198.730 |
|
(c) Other current
liabilities |
38.923 |
50.049 |
82.785 |
|
(d) Short-term provisions |
37.262 |
16.861 |
30.913 |
|
Total Current Liabilities (4) |
328.826 |
323.820 |
412.412 |
|
|
|
|
|
|
TOTAL |
500.192 |
496.885 |
587.298 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
39.625 |
43.986 |
46.123 |
|
(ii) Intangible Assets |
1.532 |
2.413 |
1.540 |
|
(iii) Capital
work-in-progress |
1.153 |
0.329 |
0.219 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.090 |
1.090 |
1.090 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
6.818 |
8.304 |
8.298 |
|
Total Non-Current Assets |
50.218 |
56.122 |
57.270 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
142.412 |
126.687 |
95.854 |
|
(c) Trade receivables |
240.537 |
254.175 |
397.717 |
|
(d) Cash and cash
equivalents |
14.541 |
19.421 |
7.617 |
|
(e) Short-term loans and
advances |
38.799 |
11.278 |
4.192 |
|
(f) Other current assets |
13.685 |
29.202 |
24.648 |
|
Total Current Assets |
449.974 |
440.763 |
530.028 |
|
|
|
|
|
|
TOTAL |
500.192 |
496.885 |
587.298 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
669.678 |
793.397 |
798.481 |
|
|
|
Other Income |
3.890 |
1.908 |
0.678 |
|
|
|
TOTAL |
673.568 |
795.305 |
799.159 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed and goods traded |
446.986 |
529.361 |
|
|
|
|
Employee benefits expenses |
141.346 |
135.120 |
|
|
|
|
Other expenses |
64.949 |
87.442 |
|
|
|
|
Exceptional Items |
(0.193) |
(5.035) |
|
|
|
|
TOTAL |
653.088 |
746.888 |
709.579 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
20.480 |
48.417 |
89.580 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.513 |
15.830 |
15.852 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
7.967 |
32.587 |
73.728 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.766 |
7.142 |
6.316 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1.201 |
25.445 |
67.412 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.399 |
23.545 |
24.662 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(1.198) |
1.900 |
42.750 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(2.22) |
(35.19) |
79.16 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(0.18)
|
0.24 |
5.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.18
|
3.21 |
8.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.24
|
5.13 |
11.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.23 |
0.67 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.70
|
1.75 |
1.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37
|
1.36 |
1.28 |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
No |
|
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 |
LITIGATION DETAILS
|
HIGH COURT OF GUJARAT CIVIL APPLICATION No. 41 of 2013 In STAMP NUMBER / 2170 / 2012 ( DISPOSED ) On :
08/03/2013 |
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|
Status: PENDING
CCIN No: 001073201300041 Listing Date: 18/01/2013 Coram: - HONOURABLE
MR.JUSTICE AKIL KURESHI HONOURABLE MS JUSTICE SONIA GOKANI |
||||||||||||||||||||||||||||||||||||||
|
S.NO. |
Name of the
Petitioner |
Advocate On
Record |
||||||||||||||||||||||||||||||||||||
|
1 |
STATE OF GUJARAT |
GOVERNMENT PLEADER for: Applicant(s) |
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|
S.NO. |
Name of the
Respondant |
Advocate On Record |
||||||||||||||||||||||||||||||||||||
|
1 |
INTELLICON PRIVATE LIMITED |
|
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|
Presented On : : 20/12/2012 Registered
On : 17/01/2013 Bench Category : DIVISION BENCH District : GANDHINAGAR Case Originated From : THROUGH ADVOCATE Listed : 1 times Stage Name : OFFICE OBJECTION
REMOVED
OFFICE OBJECTION
OFFICE DETAILS
AVAILABLE ORDERS
|
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HIGH COURT OF GUJARAT STAMP NUMBER No. 2171 of
2012 |
||||||||||||||||||
|
Status: PENDING
CCIN No: 001087201202171 Listing Date: Coram: - |
||||||||||||||||||
|
S.NO. |
Name of the
Petitioner |
Advocate On
Record |
||||||||||||||||
|
1 |
STATE OF GUJARAT |
GOVERNMENT PLEADER for: null |
||||||||||||||||
|
S.NO. |
Name of the
Respondant |
Advocate On
Record |
||||||||||||||||
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1 |
INTELLICON PRIVATE LIMITED |
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Presented On : :
15/10/2012
Registered On : 15/10/2012 Bench Category : DIVISION BENCH District : GANDHINAGAR Case Originated From : THROUGH ADVOCATE Listed : 0 times Stage Name : ADMISSION (FRESH
MATTERS)
Office Details
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INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10173087 |
29/09/2011 * |
280,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
B22617542 |
* Date of charge modification
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 records 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.62.06 |
|
|
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
31 |
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.