MIRA
INFORM REPORT
|
Report Date : |
04.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
EXPERT SOLUTIONS ( |
|
|
|
|
Registered
Office : |
Plot No T-11, MIDC Area Chikalthana, |
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Country : |
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|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.05.1996 |
|
|
|
|
Com. Reg. No.: |
11-099655 |
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|
Capital Investment
/ Paid-up Capital : |
Rs.0.940 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH1996PTC099655 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Hardware and Software. |
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|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 32000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
Litigation : |
Clear |
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|
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|
Comments : |
Subject is an established company having a satisfactory track record. There appears an increase in the sales turnover as well as new
profitability during 2012. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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. Pravin |
|
Designation : |
Account Department |
|
Contact No.: |
91-240-6600244 |
|
Date : |
03.07.2013 |
LOCATIONS
|
Registered Office : |
Plot No T-11, MIDC Area Chikalthana, Aurangabad – 431210, Maharashtra,
India |
|
Tel. No.: |
91-240-6600200/ 6600244 |
|
Fax No.: |
91-240-6600245 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Leased |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Ajay Datta Deshkar |
|
Designation : |
Director |
|
Address : |
C2, Ushakiran Apartment, Dnyaneshwar Nagar, Aurangabad – 431005,
Maharashtra, India |
|
Date of Birth/Age : |
23.01.1967 |
|
Date of Appointment : |
29/09/2002 |
|
DIN No.: |
01684911 |
|
|
|
|
Name : |
Mr. Prashant Vijay Deshpande |
|
Designation : |
Director |
|
Address : |
07, Samadhan Colony, Behind District Court, Aurangabad – 431005,
Maharashtra, India |
|
Date of Birth/Age : |
28.08.1965 |
|
Date of Appointment : |
17.05.1996 |
|
DIN No.: |
01684995 |
|
|
|
|
Name : |
Mr. Pravin Kamalakar Deshpande |
|
Designation : |
Director |
|
Address : |
30, Aditya Nagar, Garkheda, Aurangabad – 431005, Maharashtra,
India |
|
Date of Birth/Age : |
02.12.1963 |
|
Date of Appointment : |
17.05.1996 |
|
DIN No.: |
01685066 |
|
|
|
|
Name : |
Mr. Sachin Arvind Kher |
|
Designation : |
Director |
|
Address : |
41 Khiwansara Park Garkheda, Aurangabad – 431005, Maharashtra,
India |
|
Date of Birth/Age : |
01.02.1969 |
|
Date of Appointment : |
26.08.1996 |
|
DIN No.: |
01684843 |
|
|
|
|
Name : |
Mr. Mukund Achyut Kulkarni |
|
Designation : |
Director |
|
Address : |
L 4 Chetana Nagar, Aurangabad – 431005, Maharashtra, India |
|
Date of Birth/Age : |
20.01.1965 |
|
Date of Appointment : |
17.05.2004 |
|
DIN No.: |
03481615 |
KEY EXECUTIVES
|
Name : |
Mr. Pravin |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sachin Arvind Kher |
|
16907 |
|
Prashant Vijay Deshpande |
|
16907 |
|
Pravin Kamalakar Deshpande |
|
16907 |
|
Ajay Datta Deshkar |
|
16907 |
|
Mukund Achyut Kulkarni |
|
16907 |
|
Dalip A Bhuchar |
|
4658 |
|
Naveen P Sharma |
|
2795 |
|
Hemant Kank |
|
2025 |
|
|
|
|
|
Total |
|
94013 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Hardware and Software. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit and Depend |
|
|
|
|
Purchasing : |
Credit and Depend |
GENERAL INFORMATION
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||||||||
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|||||||||||||||||||||
|
Bankers : |
·
The Saraswat Co-Operative Bank Limited, Central
Administrative Office, Aspara Building; Dr. D.N. Bhadkamkar Marg; Grant,
Mumbai - 400007, Maharashtra, India ·
Janata Sahakari Bank Limited, Aurangabad Branch,
Opposite Gomtesh Market, Dalalwadi,
Aurangabad - 431001,Maharashtra, India ·
State Bank of India ·
Sangli Urban Co-Operative Bank Limited ·
United Western Bank ·
HDFC Bank Limited ·
Deogiri Nagari Sahakari Bank Limited,
Kranti Chowk Branch, Aurangabad - 431005, Maharashtra, India |
|||||||||||||||||||||
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|||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vithald Deshmukh and Associates Chartered Accountants |
|
Address : |
Tapan Down Town, Adalat Road, Auragnabad – 431001, Maharashtra, India |
|
Tel. No.: |
91-240-2333282/ 2328968 |
|
Fax No.: |
91-240-2328968 |
|
Website : |
|
|
PAN No.: |
ABIPD0102B |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
94013 |
Equity Shares |
Rs.10/- each |
Rs.0.940 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF
FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.940 |
0.940 |
|
(b) Reserves & Surplus |
|
7.263 |
7.485 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
8.203 |
8.425 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
4.717 |
9.300 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
4.717 |
9.300 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
2.107 |
|
(b) Trade payables |
|
10.960 |
15.115 |
|
(c) Other current liabilities |
|
0.202 |
0.258 |
|
(d) Short-term provisions |
|
4.124 |
2.872 |
|
Total Current
Liabilities (4) |
|
15.286 |
20.352 |
|
|
|
|
|
|
TOTAL |
|
28.206 |
38.077 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3.755 |
4.922 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
3.162 |
2.845 |
|
(c) Deferred tax assets (net) |
|
0.474 |
0.448 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.396 |
0.418 |
|
Total Non-Current
Assets |
|
7.787 |
8.633 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
6.076 |
10.463 |
|
(c) Trade receivables |
|
10.317 |
11.066 |
|
(d) Cash and cash equivalents |
|
0.917 |
0.650 |
|
(e) Short-term loans and advances |
|
0.071 |
1.835 |
|
(f) Other current assets |
|
3.038 |
5.430 |
|
Total Current
Assets |
|
20.419 |
29.444 |
|
|
|
|
|
|
TOTAL |
|
28.206 |
38.077 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.940 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
6.773 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
7.713 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
8.706 |
|
|
2] Unsecured Loans |
|
|
2.942 |
|
|
TOTAL BORROWING |
|
|
11.648 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
19.361 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
5.821 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
3.260 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
5.108 |
|
|
Sundry Debtors |
|
|
12.558 |
|
|
Cash & Bank Balances |
|
|
0.821 |
|
|
Other Current Assets |
|
|
6.641 |
|
|
Loans & Advances |
|
|
0.172 |
|
Total
Current Assets |
|
|
25.300 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
9.967 |
|
|
Other Current Liabilities |
|
|
3.441 |
|
|
Provisions |
|
|
1.612 |
|
Total
Current Liabilities |
|
|
15.020 |
|
|
Net Current Assets |
|
|
10.280 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
19.361 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
100.742 |
70.708 |
94.950 |
|
|
|
Other Income |
NA |
3.066 |
2.420 |
|
|
|
TOTAL (A) |
NA |
73.774 |
97.370 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
|
58.042 |
78.337 |
|
|
|
Trading Expenses |
|
0.564 |
0.423 |
|
|
|
Selling Expenses |
|
0.706 |
0.561 |
|
|
|
AMC and Networking Expenses |
|
1.010 |
2.938 |
|
|
|
Administrative Expenses |
|
10.489 |
11.309 |
|
|
|
TOTAL (B) |
NA |
70.811 |
93.568 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
2.963 |
3.802 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
1.257 |
1.639 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.254 |
1.706 |
2.163 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.608 |
0.853 |
1.116 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
1.646 |
0.853 |
1.047 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.605 |
0.031 |
0.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
1.041 |
0.822 |
0.647 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
0.094 |
0.094 |
0.094 |
|
|
|
Dividend Tax |
0.015 |
0.016 |
0.016 |
|
|
BALANCE CARRIED
TO THE B/S |
0.932 |
0.712 |
0.537 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.07 |
8.74 |
6.89 |
|
%20PRIVATE%20LIMITED%20-%20227765%2004-Jul-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
NA |
1.11
|
0.66 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.63 |
1.21
|
1.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.70 |
2.26
|
3.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.10
|
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.58 |
1.35
|
1.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.45
|
1.68 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
(Rs. In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
|
|
|
|
Sundry Creditors for Goods |
10.960
|
15.115 |
|
|
Sundry Creditors for Job Work |
0.000
|
0.000 |
|
|
|
|
|
|
|
Total |
10.960
|
15.115 |
9.967 |
%20PRIVATE%20LIMITED%20-%20227765%2004-Jul-2013_files/image002.gif){kind=small}
|
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
OPERATIONS
In the year 2011-12 their IT Infra business has grown by about 40%. This is a good indicator. The increasing costs have slightly impacted their profitability. They hope to grow business in year 2012-13 with same consistency.
Note:
The Registered Office of the company has been shifted from 1st Floor,
"Sarada Arcade", Opposite Hotel Rajdhani, Station Road, Aurangabad -
431005, Maharashtra, India to the
present address w.e.f. 10.08.2012
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Ajay Deshkar |
0.000 |
0.260 |
|
Abhishek Chinchalkar |
0.000 |
0.100 |
|
Medha Deshpande |
0.000 |
0.067 |
|
Expert Human Resources Development Society |
0.000 |
0.383 |
|
Achyut Kulkarni |
0.000 |
0.068 |
|
Sarita Kulkarni |
0.000 |
0.068 |
|
Prashant Deshpande |
0.000 |
0.321 |
|
Pravin Deshpande |
0.000 |
0.580 |
|
Sachin Kher |
0.000 |
0.260 |
|
|
|
|
|
Total |
0.000 |
2.107 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U72200MH1996PTC099655 |
|
Name of the
company |
EXPERT SOLUTIONS
(INDIA) PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
Plot No T-11, MIDC Area Chikalthana, Aurangabad – 431210, Maharashtra,
India E-mail: gajanank@expertgs.com
|
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
Janata Sahakari Bank Limited, Aurangabad Branch, Opposite Gomtesh Market, Dalalwadi, Aurangabad -
431001,Maharashtra, India E-mail: mdr.rocmail@gmail.com
|
|
Nature of
instrument creating charge |
Hypothecation of
Plant and Machinery/Goods. |
|
Date of
instrument Creating the charge |
03.09.2012 |
|
Amount secured by
the charge |
Rs.2.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 13.50% p.a. Terms of
Repayment Repayment in 60
installment of Rs. 0.046 Million each. Margin 30% Extent and Operation
of the charge The Bank has
sanctioned loan of Rs. 2.000 Millions by way of hypothecation on all present
and future furniture and hardware. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First charge by
way of hypothecation on all present and future furniture and hardware. |
FIXED ASSETS:
·
Computer
·
Air Conditioner
·
Vehicle
·
Mobile
·
Furniture
·
Fax machine
·
EPBX
·
Electrical Fittings
·
Building
·
Water Cooler
·
Networking Showroom
·
Showroom Interior
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 tansactions 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.60.10 |
|
|
1 |
Rs.91.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
46 |
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.