MIRA
INFORM REPORT
|
Report Date : |
14.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
INFORMATICS TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
303, Harmony Complex, 28 Nutan Bharat Society, Near HDFC Bank, Alkapuri, Vadodara - 390005, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
21.09.1993 |
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Com. Reg. No.: |
04-020231 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.800 Million |
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CIN No.: [Company Identification
No.] |
U31100GJ1993PTC020231 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing IT Solution |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
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 24000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The company
has incurred a loss in the current year. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. 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
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.
INFORMATION PARTED BY
|
Name : |
Ms. Jaya |
|
Designation : |
Account Department |
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Contact No.: |
91-265-2322917 / 16 |
|
Date : |
12.02.2013 |
LOCATIONS
|
Registered Office / Head Office : |
303, Harmony Complex, 28 Nutan Bharat Society, Near HDFC
Bank, Alkapuri, Vadodara - 390005, Gujarat, India |
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Tel. No.: |
91-265-2322416 / 17 |
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Fax No.: |
91-265-2322918 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Showroom : |
15, NBCC Plaza, Opposite Utkarsh Petrolpump. Karelibaug, Vadodara – 390018, Gujarat, India |
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Tel. No.: |
91-265-2460497/498 |
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Branch Office : |
T-301 Virani Chambers, Opposite Canara Bank, Near Taskand, Gamdivad-Anand – 388001, Gujarat, India |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Umamaheswararao Subarao Penubothu |
|
Designation : |
Director |
|
Address : |
C 5, C 6, Avadh Duplex" Tandelja Road, Vadodara - 390021, Gujarat, India |
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Date of Birth/Age : |
24.09.1963 |
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Date of Appointment : |
21.09.1993 |
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DIN No.: |
01375217 |
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Name : |
Mr. Devjibhai Shambhubhai Sorathia |
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Designation : |
Director |
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Address : |
2/7, Mayur Park, Laxminagar, Laxmipura, Vadodara - 390021, Gujarat, India |
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Date of Birth/Age : |
26.081964 |
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Date of Appointment : |
21.09.1993 |
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DIN No.: |
02475233 |
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Name : |
Mr. Manoj Mahendra Pania |
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Designation : |
Director |
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Address : |
39/40, Minakshi Society, Near Utkarsh School, Race Course, Vadodara - 390015, Gujarat, India |
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Date of Birth/Age : |
01.02.1964 |
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Date of Appointment : |
02.04.2012 |
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DIN No.: |
05224591 |
KEY EXECUTIVES
|
Name : |
Ms. Jaya |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Penubothu Umamaheswararao |
|
41100 |
|
Penubothu Krishankumar |
|
5000 |
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Penubothu Lakshmi |
|
500 |
|
Penubothu Thrimurty |
|
700 |
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Penubothu Syama |
|
700 |
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Devjibhai Shambhubhai Sorathia |
|
22380 |
|
Rekhaben Devjibhai Sorathia |
|
9620 |
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Total |
|
80000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing IT Solution |
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Agencies Held : |
Den |
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Terms : |
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Selling : |
Credit (30 Days) |
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Purchasing : |
Credit (30 Days) |
GENERAL INFORMATION
|
Suppliers : |
· Ashutosh Enterprise · Avnet Technology Solutions Private Limited · Balaji Enterprises · Care Office Equipment Private Limited · CPS Peripherals Division · Cyber Star · Dell India Private Limited · Dhwani Computer Media · DhusirK Patel · Ezeesoft Technologies · Ingram Micro India Limited · IC Electronics · Iris Computers · Hewellet Packard Ind Sales Private Limited · HR Electronics · Hiren I Patel · Itpaq · Itzone ·
ITCG Solutions Private Limited |
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Customers : |
Corporate |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg,
Lower Parel (West), Mumbai - 400013, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mukund 7 Rohit Chartered Accountants |
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Address : |
E-8, 2nd Floor, E Tower, Avishkar Complex, Old Parda Road,
Vadodara – 390007, Gujarat, India |
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Tel. No.: |
91-265-2357845 / 2310448 / 2313515 |
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Fax No.: |
91-265-2320166 |
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E-Mail : |
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PAN.: |
AACFM4355J |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
80000 |
Equity Shares |
Rs.10/- each |
Rs.0.800 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
80000 |
Equity Shares |
Rs.10/- each |
Rs.0.800 Million |
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As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
80000 |
Equity Shares |
Rs.10/- each |
Rs.0.800 Million |
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|
Reconciliation of the
shares outstanding at the beginning and at the end of the reporting period
|
Particulars |
As At 31.03.2012 |
||
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No. of Shares |
Amount In Millions |
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Equity Shares: Shares Outstanding at the beginning of the year |
80,000 |
0.800 |
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Shares issued during the year |
- |
- |
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Shares bought back during the year |
- |
- |
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Any other movement |
-- |
- |
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Shares outstanding at the end of the year |
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|
80,000 |
0.800 |
Details of Shareholding
more than 5% in the Company
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As At 31.03.2012 |
||
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Name of Shareholder |
No. of Shares |
% of Holding |
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Equity Shares; |
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Mr. Umarnaheshwararao Penubothu |
41,100 |
51.38% |
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Mr. Kishankumar Penubothu |
5,000 |
6.25% |
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Mr. Deyjibhai Sorathia |
22,380 |
27.98% |
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Mrs. Rekhaben Sorathia |
9,620 |
12.03% |
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Total |
78,100 |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
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|
|
|
|
1] Share Capital |
0.800 |
0.800 |
0.800 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
5.369 |
5.533 |
5.130 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
6.169 |
6.333 |
5.930 |
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|
LOAN FUNDS |
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1] Secured Loans |
3.438 |
1.861 |
1.907 |
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2] Unsecured Loans |
0.900 |
0.000 |
0.000 |
|
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TOTAL BORROWING |
4.338 |
1.861 |
1.907 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
10.507 |
8.194 |
7.837 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.461 |
1.754 |
2.245 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.155 |
0.124 |
0.068 |
|
|
Other Non-Current Assets |
3.175 |
3.238 |
0.000 |
|
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|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.958
|
0.669 |
1.815 |
|
|
Sundry Debtors |
13.342
|
2.992 |
8.641 |
|
|
Cash & Bank Balances |
1.115
|
0.996 |
0.671 |
|
|
Other Current Assets |
0.170
|
0.042 |
0.000 |
|
|
Loans & Advances |
1.115
|
0.000 |
2.925 |
|
Total
Current Assets |
19.700
|
4.699 |
14.052 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.262
|
0.395 |
7.851 |
|
|
Other Current Liabilities |
1.722
|
1.226 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.677 |
|
Total
Current Liabilities |
13.984
|
1.621 |
8.528 |
|
|
Net Current Assets |
5.716
|
3.078 |
5.524 |
|
|
|
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|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
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TOTAL |
10.507 |
8.194 |
7.837 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
65.116 |
50.077 |
40.387 |
|
|
|
Other Income |
0.731 |
0.544 |
1.098 |
|
|
|
TOTAL (A) |
65.847 |
50.621 |
41.485 |
|
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|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock – in-trade |
61.075 |
42.163 |
|
|
|
|
Changes in inventories of finished good work-in-progress and stock
–in-trade |
(3.289) |
1.146 |
40.220 |
|
|
|
Employee benefits expenses |
2.008 |
2.229 |
|
|
|
|
Other expenses |
4.598 |
3.557 |
|
|
|
|
Extraordinary Items |
0.659 |
0.000 |
|
|
|
|
TOTAL (B) |
65.051 |
49.095 |
40.220 |
|
|
|
|
|
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|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.796 |
1.526 |
1.265 |
|
|
|
|
|
|
|
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|
Less |
FINANCIAL
EXPENSES (D) |
0.320 |
0.412 |
0.357 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.476 |
1.114 |
0.908 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.414 |
0.554 |
0.425 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
0.062 |
0.560 |
0.483 |
|
|
|
|
|
|
|
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|
Less |
TAX (H) |
0.225 |
0.158 |
0.261 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(0.163) |
0.402 |
0.222 |
|
|
|
|
|
|
|
|
|
|
Deferred Tax Assets |
NA |
NA |
0.027 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
4.881 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
5.130 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(LOSS) Per Share (Rs.) |
(2.04) |
5.03 |
2.78 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(0.25)
|
0.79 |
0.54 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.10
|
1.12 |
1.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.29
|
8.68 |
2.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.09 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.70
|
0.29 |
0.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41
|
2.90 |
1.65 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
12.262
|
0.395 |
7.851 |
|
Total |
12.262
|
0.395 |
7.851 |
|
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 |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
FINANCIAL PERFORMANCE
The company's performance during the year is not satisfactory. During the year the Company has made a net loss of Rs. 0.163 Million as compared to net profit of the previous year of Rs. 0.402 Million. However, the Directors' expects positive performance in the years to come.
UNSECURED LOAN
Rs. In Millions
|
|
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Loans and Advances from Directors Umamaheshrao |
0.900 |
0.000 |
|
Total |
0.900 |
0.000 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U31100GJ1993PTC020231 |
|
Name of the
company |
INFORMATICS
TECHNOLOGIES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
303, Harmony Complex, 28 Nutan Bharat Society, Near HDFC Bank, Alkapuri, Vadodara - 390005, Gujarat, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10244059 |
|
Type of charge |
· Book debts · Movable property (not being pledge) ·
Floating charge |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplementary Letter
of Hypothecation. |
|
Date of
instrument Creating the charge |
04.09.2012 |
|
Amount secured by
the charge |
Rs. 7.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of Repayment On demand. Margin As may be
stipulated by the Bank from time to time. Extent and Operation of the charge Hypothecation by
way of First Charge on Company's Stocks, Book Debts, to secure as a
continuing security for the repayment of Rs.7.500 Millions together with
interest, costs, charges, expenses and other moneys due and payable by the
Company to the Bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Stock-in-trade, consisting of raw materials, goods in process of manufacturing finished goods, and other merchandise whatsoever being movable properties, All the debts, that is, all the book debts, outstandings, monies receivables, claims, bills, invoice documents, contracts, guarantees |
|
Date of
instrument modifying the charge |
04.02.2012 |
|
Particulars of
the present modification |
The Charge shall now
stand increased from Rs.4.700 Millions to Rs.7.500 Millions against the
security of Stocks, Book Debts of the Company |
FIXED ASSETS
· Air Conditioner
· Apple Mac Note book
· Plant and Machinery
· Furniture and Fixture
· Hp Compaq 4010
· Office Equipments
· Computers
· Cell Phone
· Electrical Fittings
· NoMa'5800 Express Music Mobile
· Maruti Alto UC
· Wagon R Ixi
· Cruze
· Samsung N7000 Galaxy note
· Samsung 5BS RSZ1HSTPNI/XTL
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.53.85 |
|
|
1 |
Rs.84.43 |
|
Euro |
1 |
Rs.72.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.