|
Report Date : |
13.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
GLODYNE VENTURES AND HOLDING PRIVATE LIMITED (w.e.f. 24.03.2008) |
|
|
|
|
Formerly Known
As : |
GLODYEN HOLDING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
801, Balarama Building, Bandra Kurla complex, Bandra (East),
Mumbai-400051, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
27.09.2007 |
|
|
|
|
Com. Reg. No.: |
11-174573 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 19.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65993MH2007PTC174573 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The subject is in the business investment holding, finance, leasing
hire purchased and financial services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (16) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
The market condition of group company seems to be unfavorable. Latest financials i.e. 2010-11 and 2011-12 are not available from the
available financial. It seems that activity has not been carried out payment
terms are unknown. The company can be considered for business dealings on a secured trade
terms and condition. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
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
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced controls
on foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of
persistently high inflation and interest rates and little progress on economic
reforms. High international crude prices have exacerbated the government's fuel
subsidy expenditures contributing to a higher fiscal deficit, and a worsening
current account deficit. Little economic reform took place in 2011 largely due
to corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
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.
LOCATIONS
|
Registered Office : |
801, Balarama Building, Bandra Kurla complex, Bandra (East),
Mumbai-400051, Maharashtra, India |
|
Tel. No.: |
91-22-66963333 |
|
Fax No.: |
91-22-66963344 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Annand Madhavrao Sarnaaik |
|
Designation : |
Director |
|
Address : |
402, Jairaj Co-operative Housing Society Limited, Bandra Kurla
Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
|
Date of Birth/Age : |
15.02.1968 |
|
Date of Appointment : |
28.01.2008 |
|
DIN No.: |
00041562 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74140MH1991PLC060143 |
GLODYNE
PEOPLEPOWER LIMITED |
Director |
06/02/2002 |
06/02/2002 |
- |
Active |
NO |
|
2 |
U72200MH2002PTC137040 |
PARADYNE
INFOSERVICES PRIVATE LIMITED |
Director |
02/09/2002 |
02/09/2002 |
- |
Active |
NO |
|
3 |
L51100MH1997PLC112281 |
GLODYNE
TECHNOSERVE LIMITED |
Managing
director |
25/09/2007 |
25/09/2004 |
- |
Active |
NO |
|
4 |
U65993MH2007PTC174573 |
GLODYNE
VENTURES AND HOLDING PRIVATE LIMITED |
Director |
27/09/2007 |
27/09/2007 |
- |
Active |
NO |
|
5 |
U15549MH2008PLC178287 |
GROWDYNE
TECHZONE SERVICES LIMITED |
Director |
28/01/2008 |
28/01/2008 |
- |
Active |
NO |
|
6 |
U92412MH2008PTC178286 |
GLOBETOR
GAMING PROJECTS PRIVATE LIMITED |
Director |
28/01/2008 |
28/01/2008 |
- |
Active |
NO |
|
7 |
U74140MH2008PTC180329 |
SIXDYNE
WEALTHSERVE PRIVATE LIMITED |
Director |
20/03/2008 |
20/03/2008 |
- |
Active |
NO |
|
8 |
U22300MH2008PLC180387 |
GLODYNE
PRO MEDIA LIMITED |
Director |
24/03/2008 |
24/03/2008 |
- |
Active |
NO |
|
9 |
U45203MH2008PLC185522 |
GLODYNE
INFRASPACE LIMITED |
Director |
06/08/2008 |
06/08/2008 |
- |
Active |
NO |
|
10 |
U51109MH2008PTC185545 |
GLODYNE
GLOBAL PRIVATE LIMITED |
Director |
06/08/2008 |
06/08/2008 |
- |
Active |
NO |
|
11 |
U74999MH2008PTC186638 |
SMAARFTECH
TECHNOLOGIES PRIVATE LIMITED |
Director |
10/09/2008 |
10/09/2008 |
01/06/2010 |
Active |
NO |
|
12 |
U40105MH2009PLC191066 |
GLODYNE
POWER LIMITED |
Director |
19/03/2009 |
19/03/2009 |
- |
Active |
NO |
|
13 |
U93090MH2009NPL196726 |
SARVALABH
GLOBAL FOUNDATION |
Director |
28/10/2009 |
28/10/2009 |
- |
Active |
NO |
|
14 |
U40101MH2010PLC200403 |
BIHAR
SMART ENERGY SERVICES LIMITED |
Director |
24/02/2010 |
24/02/2010 |
- |
Active |
NO |
|
Name : |
Ms. Divvyani Annand Sarnaaik |
|
Designation : |
Director |
|
Address : |
402, Jairaj Co-operative Housing Society Limited, Bandra Kurla
Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1971 |
|
Date of Appointment : |
28.01.2008 |
|
DIN No.: |
00041482 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74140MH1991PLC060143 |
GLODYNE
PEOPLEPOWER LIMITED |
Director |
06/02/2002 |
06/02/2002 |
Active |
NO |
|
2 |
U72200MH2002PTC137040 |
PARADYNE
INFOSERVICES PRIVATE LIMITED |
Director |
02/09/2002 |
02/09/2002 |
Active |
NO |
|
3 |
L51100MH1997PLC112281 |
GLODYNE
TECHNOSERVE LIMITED |
Whole-time
director |
25/09/2007 |
25/09/2004 |
Active |
NO |
|
4 |
U65993MH2007PTC174573 |
GLODYNE
VENTURES AND HOLDING PRIVATE LIMITED |
Director |
27/09/2007 |
27/09/2007 |
Active |
NO |
|
5 |
U15549MH2008PLC178287 |
GROWDYNE
TECHZONE SERVICES LIMITED |
Director |
28/01/2008 |
28/01/2008 |
Active |
NO |
|
6 |
U92412MH2008PTC178286 |
GLOBETOR
GAMING PROJECTS PRIVATE LIMITED |
Director |
28/01/2008 |
28/01/2008 |
Active |
NO |
|
7 |
U74140MH2008PTC180329 |
SIXDYNE
WEALTHSERVE PRIVATE LIMITED |
Director |
20/03/2008 |
20/03/2008 |
Active |
NO |
|
8 |
U22300MH2008PLC180387 |
GLODYNE
PRO MEDIA LIMITED |
Director |
24/03/2008 |
24/03/2008 |
Active |
NO |
|
9 |
U45203MH2008PLC185522 |
GLODYNE
INFRASPACE LIMITED |
Director |
06/08/2008 |
06/08/2008 |
Active |
NO |
|
10 |
U51109MH2008PTC185545 |
GLODYNE
GLOBAL PRIVATE LIMITED |
Director |
06/08/2008 |
06/08/2008 |
Active |
NO |
|
11 |
U74999MH2008PTC186638 |
SMAARFTECH
TECHNOLOGIES PRIVATE LIMITED |
Director |
19/08/2009 |
29/01/2009 |
Active |
NO |
|
12 |
U40105MH2009PLC191066 |
GLODYNE
POWER LIMITED |
Director |
19/03/2009 |
19/03/2009 |
Active |
NO |
|
13 |
U40101MH2010PLC200403 |
BIHAR
SMART ENERGY SERVICES LIMITED |
Director |
24/02/2010 |
24/02/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Annand Madhavrao Sarnaaik 402, Jairaj Co-operative Housing Society Limited, Bandra Kurla Complex,
Bandra (East), Mumbai-400051, Maharashtra, India |
1140000 |
|
Divvyani Annand Sarnaaik 402, Jairaj Co-operative Housing Society Limited, Bandra Kurla
Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
760000 |
|
TOTAL
|
1900000 |
AS ON 30.09.2010
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is in the business investment holding, finance, leasing
hire purchased and financial services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D Kothary and Company Chartered Accountant |
|
Address : |
B/208, Parijat Building, Boleshwari Road, Bolinj, Virar (West),
Mumbai-401303, Maharashtra, India |
|
Tel. No.: |
91-22-22093344 / 22036688 |
|
Fax No.: |
91-22-22017174 |
|
E-Mail : |
|
|
PAN No.: |
AFPBJ9184L |
|
|
|
|
Subsidiaries : |
Growdyne Techzone Services Limited CIN No.:- U15549MH2008PLC178287 Sixdyne Wealthserve Private Limited CIN No.:- U74140MH2008PTC180329 ·
Glodyne Global Private Limited ·
Globetor Gaming Projects Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1900000 |
Equity Shares |
Rs.10/- each |
Rs. 19.000
Millions |
|
|
|
|
|
NOTE
1890000 Equity shares of Rs. 10/- each were
allotted during the year at the premium of Rs. 18/-.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
19.000 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
34.043 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
53.043 |
0.100 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
193.938 |
223.317 |
0.164 |
|
|
TOTAL BORROWING |
193.938 |
223.317 |
0.164 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
246.981 |
223.417 |
0.264 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
108.758 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.038
|
0.018 |
0.003 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
139.896
|
223.080 |
0.000 |
|
Total
Current Assets |
139.934
|
223.098 |
0.003 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.688
|
0.033 |
0.017 |
|
|
Other Current Liabilities |
0.273
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
1.961
|
0.033 |
0.017 |
|
|
Net Current Assets |
137.973
|
223.065 |
(0.014) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.250 |
0.352 |
0.250 |
|
|
PRE-OPERATIVE EXPENDITURE |
0.000 |
0.000 |
0.028 |
|
|
|
|
|
|
|
|
TOTAL |
246.981 |
223.417 |
0.264 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Financial Services |
0.546 |
0.000 |
0.000 |
|
|
|
TOTAL |
0.546 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating and Other Expenses |
0.478 |
0.000 |
0.000 |
|
|
|
TOTAL |
0.478 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
0.068 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.032 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
0.036 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.013 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.023 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.023 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
0.12 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.21
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.59
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.03
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.66
|
2233.17 |
1.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
71.36
|
6760.55 |
0.18 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2010 |
Rs.
In Millions 31.03.2009 |
|
From Directors |
0.285 |
0.164 |
|
From Companies under same Management |
4.695 |
0.000 |
|
Inter Corporate Deposit |
188.958 |
223.153 |
|
|
|
|
|
TOTAL |
193.938 |
223.317 |
BACKGROUND
Subject was incorporated on 27th September, 2007. The Company
was incorporated as “GLODYEN HOLDING PRIVATE LIMITED” on 27th September,
2007, the name of the company was changed to “GLODYNE VENTURES AND HOLDING
PRIVATE LIMITED” on 24TH March, 2008. The company is in the business
investment holding, finance, leasing hire purchased and financial services.
The Company is a small and medium, sized company as defined in the
General instructions in respect of Accounting Standards notified under section
211 (3C) of the Companies Act, 1956. Accordingly, the Company has complied with
the Accounting Standards as applicable to small and medium sized companies.
REVIEW OF
OPERATIONS
The company being a preliminary stage of establishing its business has
made modest beginning in the business of investment in various ventures.
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. 53.95 |
|
|
1 |
Rs. 84.48 |
|
Euro |
1 |
Rs. 72.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
|
TOTAL |
|
16 |
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.