MIRA
INFORM REPORT
|
Report Date : |
16.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
KALYANI TECHNOLOGIES LIMITED |
|
|
|
|
Formerly Known
As : |
KALYANI TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 49, Industry House, Opposite Kalyani Carpenter Special
Steel, Mundhwa, Pune-411036, Maharashtra
|
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.09.2008 |
|
|
|
|
Com. Reg. No.: |
11-132839 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200PN2008PLC132839 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK08550D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK4995N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of consultancy in the field of Information
Technology and Information Technology Enabled Services and Sale and
Installation of Information Technology Hardware, Networking and Security
Systems, Accessories etc. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 31000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. The
company has performed well during 2012. The company operates on its own fund.
Trade relations are reported to be fair. Business is active. Payments
are reported to be fair. The company can be considered 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 DECLINED BY
|
Name : |
Ms. Shilpa Shirwadkar |
|
Designation : |
Finance Department |
|
Contact No.: |
91-20-65211376 |
|
Date : |
15.07.2013 |
LOCATIONS
|
Registered / Corporate Office : |
Survey No. 49, Industry House, Opposite Kalyani Carpenter Special
Steel, Mundhwa, Pune-411036, Maharashtra, India |
|
Tel. No.: |
91-20-26725000 / 153 / 26814971 / 72 |
|
Fax No.: |
91-20-26812589 |
|
E-Mail : |
satish.kshirsagar@kalyaniglobal.com
|
|
Website : |
|
|
|
|
|
Pune Office : |
Office No. 602, Level 6, Tower No. 15, Cybercity, Magarpatta,
Hadapsar, Pune-411013, Maharashtra, India |
|
Tel. No.: |
91-20-64011373 / 75 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Madan Umakant Takale |
|
Designation : |
Director |
|
Address : |
3, Archway, Kalyani Nagar, Pune-411006, Maharashtra, India |
|
Date of Birth/Age : |
18.08.1960 |
|
Date of Appointment : |
25.09.2008 |
|
Din No.: |
01291287 |
|
|
|
|
Name : |
Mr. Jeewanprasad Govind Patwardhan |
|
Designation : |
Director |
|
Address : |
635, 86 Vijay Nagar Colony, Pune-411030, Maharashtra, India |
|
Date of Birth/Age : |
24.04.1958 |
|
Date of Appointment : |
25.09.2008 |
|
Din No.: |
00089919 |
|
|
|
|
Name : |
Mr. Shriniwas Balwant Kanade |
|
Designation : |
Director |
|
Address : |
20, Nitynand Housing Society, Dhankawdi, Pune-411043, Maharashtra,
India |
|
Date of Birth/Age : |
04.03.1953 |
|
Date of Appointment : |
25.09.2008 |
|
Din No.: |
00089063 |
KEY EXECUTIVES
|
Name : |
Ms. Shilpa Shirwadkar |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shriniwas Balwant Kanade |
|
100 |
|
Madan Umakant Takale |
|
100 |
|
Ajinkya Investment and Trading Company |
|
21800 |
|
Sundaram Trading and Investment Private Limited |
|
20000 |
|
Purandhar Trading Company Private Limited, India |
|
2000 |
|
Raygad Trading Company Private Limited, India |
|
2000 |
|
Vishalgad Trading Company Private Limited, India |
|
2000 |
|
Govalkonda Trading Company Private Limited, India |
|
2000 |
|
|
|
|
|
TOTAL
|
|
50000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
99.60 |
|
Directors
or relatives of directors |
|
0.40 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of consultancy in the field of Information
Technology and Information Technology Enabled Services and Sale and
Installation of Information Technology Hardware, Networking and Security
Systems, Accessories etc. |
GENERAL INFORMATION
|
Customers : |
·
Tata ·
Bajaj ·
Epicenter ·
Suzlon ·
Patni ·
Eagle Burgmann ·
Xpanxion ·
CDAC ·
PPDPL ·
Flame ·
Thermax ·
Endurance ·
Glodyne ·
Tomtom ·
Pass ·
NCC ·
Mazak ·
L’oreal ·
Lear Corporation |
|
|
|
|
No. of Employees : |
Information denied by the management. |
|
|
|
|
Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai-400013, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sabne-Wagle and Associates Chartered Accountants |
|
Address : |
1, Vasant Apartments, Dr. Ketkar Marg, Erandawana, Pune-411004,
Maharashtra, India |
|
Tel No.: |
91-20-25435388 / 25423302 |
|
E-Mail: |
|
|
PAN No: |
ADXPS4414L |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.500 |
0.500 |
|
(b) Reserves & Surplus |
|
7.452 |
(0.006) |
|
(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) |
|
7.952 |
0.494 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.852 |
0.114 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
3.112 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
3.964 |
0.114 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
27.155 |
0.035 |
|
(c)
Other current liabilities |
|
18.093 |
1.159 |
|
(d) Short-term
provisions |
|
4.262 |
0.007 |
|
Total Current
Liabilities (4) |
|
49.510 |
1.201 |
|
|
|
|
|
|
TOTAL |
|
61.426 |
1.809 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
9.573 |
0.887 |
|
(ii)
Intangible Assets |
|
0.441 |
0.008 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.857 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.185 |
0.169 |
|
(e) Other
Non-current assets |
|
0.007 |
0.014 |
|
Total Non-Current
Assets |
|
11.063 |
1.078 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
7.403 |
0.000 |
|
(b)
Inventories |
|
11.520 |
0.000 |
|
(c)
Trade receivables |
|
19.925 |
0.000 |
|
(d) Cash
and cash equivalents |
|
5.273 |
0.724 |
|
(e)
Short-term loans and advances |
|
6.235 |
0.000 |
|
(f)
Other current assets |
|
0.007 |
0.007 |
|
Total
Current Assets |
|
50.363 |
0.731 |
|
|
|
|
|
|
TOTAL |
|
61.426 |
1.809 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.535 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.035 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.144 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.179 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.298 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
13.296 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.492 |
|
Total
Current Assets |
|
|
13.788 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
12.377 |
|
|
Other Current Liabilities |
|
|
1.255 |
|
|
Provisions |
|
|
0.302 |
|
Total
Current Liabilities |
|
|
13.934 |
|
|
Net Current Assets |
|
|
(0.146) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.027 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.179 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
117.450 |
0.055 |
28.060 |
|
|
|
Other Income |
0.122 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
117.572 |
0.055 |
28.060 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock in trade |
59.255 |
0.000 |
|
|
|
|
Employee benefits expenses |
28.001 |
0.000 |
|
|
|
|
Other expenses |
22.321 |
0.223 |
26.038 |
|
|
|
Changes in inventory of stock in trade |
(11.520) |
0.000 |
|
|
|
|
TOTAL (B) |
98.057 |
0.223 |
26.038 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
19.515 |
(0.168) |
2.022 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.515 |
(0.168) |
2.020 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.819 |
0.404 |
0.643 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
14.696 |
(0.572) |
1.377 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.238 |
(0.030) |
0.291 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
7.458 |
(0.542) |
1.086 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
0.536 |
(0.550) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
(0.006) |
0.536 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
149.16 |
(10.84) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.34
|
(985.45) |
3.87 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.51
|
(1040.00) |
4.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.26
|
(31.62) |
9.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.85
|
(1.15) |
1.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02
|
0.61 |
0.99 |
LOCAL AGENCY FURTHER INFORMATION
NOTE: Current
Maturities of Long Term Debt - Not Available
|
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 |
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 |
Yes |
|
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 |
Yes |
|
24] |
Banking facility details |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
COMPANY OVERVIEW:
The company was
originally registered on 25th September, 2008 as a Public Limited
Company under the Companies Act, 1956. On 12th November, 2008 it was
converted into Private Limited Company. The Company was re-converted into a
Public Limited Company vide certificate of incorporation dated 25th
March, 2011. As per the main objects set out in the Memorandum of Association
with which it is registered, the company is actively engaged in the business of
consultancy in the field of Information Technology and Information Technology
Enabled Services and sale and installation of Information Technology hardware,
networking and security systems, accessories etc.
FINANCIAL RESULTS:
During the year the company earned a profit of
Rs.14.696 Millions againt a loss of Rs.0.572 Million incurred in the previous
year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U72200PN2008PLC132839 |
|
Name of the
company |
KALYANI
TECHNOLOGIES LIMITED |
|
Address of the
registered office or of the principal place of business in |
Survey No. 49, Industry House, Opposite Kalyani Carpenter Special
Steel, Mundhwa, Pune-411036, Maharashtra, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Floating Charge Others |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai-400013, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Hypothecation of stock and book debts |
|
Date of
instrument Creating the charge |
10.07.2012 |
|
Amount secured by
the charge |
Rs.45.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit: Base
Rate + 2.5%, Sales Bill Discounting: As Agreed Between Vendor and HDFC Bank
Limited, Bank Guarantee Commission: 0.75% P.A. Terms of Repayment Cash Credit: on
Demand Sales Bill
Discounting: Tenor of each Bill upto 90 Day. Bank Guarantee:
Upto 36 Months Margin Inventory: 25%
Margin on all Components Obsolete stock Excluded, Book Debts: 25and
Margin Debtors ageing more than 90 days excluded Extent and Operation of the charge Exclusive first
charge on stocks and book debts of the Company, both present and future |
|
Short particulars
of the property charged |
Exclusive first
charge on stocks and book debts of the Company, both present and future |
CONTINGENT LIABILITIES NOT PROVIDED FOR:
|
Particulars |
31.03.2012 [Rs. in millions] |
31.03.2011 [Rs. in millions] |
|
Bank guarantee
issued to customers |
1.293 |
0.000 |
|
TOTAL |
1.293 |
0.000 |
FIXED ASSETS:
Tangible Assets
·
Plant and Machinery
·
Office Equipments
·
Computer and Servers
·
Furniture and Fixtures
·
Vehicles
Intangible Assets
·
Computer Software
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.60.05 |
|
|
1 |
Rs.90.71 |
|
Euro |
1 |
Rs.78.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.