|
Report Date : |
30.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ORIENT TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2 and 3 Niraj Industrial
Estate, Off Mahakali Caves Road, Andheri (East), Mumbai – 400059, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.07.1997 |
|
|
|
|
Com. Reg. No.: |
11-109219 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 110.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64200MH1997PTC109219 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO2654F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Provider IT Solution Services. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 830000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There
appears some dip in the profitability of the company. There also appears some
slight dip in the reserves during the year 2012. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for business dealings with some caution.
Note: Profit and Loss
statement for the year 2010-2011 and 2011-2012 is not available. |
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. Alkesh Wandre |
|
Designation : |
Financial Manager |
|
Contact No.: |
91-9769008781 |
|
Date : |
29.07.2013 |
LOCATIONS
|
Registered Office : |
2 and 3 Niraj Industrial
Estate, Off Mahakali Caves Road, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Tel. No.: |
91-22-24960808/
89 |
|
Mobile No.: |
91-9792749731 (Mr. Ajay Sawant) |
|
Fax No.: |
91-22-55021180/
24921016 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Branch Office : |
502, 5th Floor, Ackruti Star, Central Road, Andheri (East)
Mumbai - 400093, Maharashtra, India |
|
Tel. No.: |
91-22-42928888 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Ajay Baliram Sawant |
|
Designation : |
Director |
|
Address : |
10/101, Mahada
Housing Board, Oshiwara, Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
06.05.1967 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
AHAPS0035J |
|
DIN No.: |
00111001 |
|
|
|
|
Name : |
Mr. Ujwal Arvind Mhatre |
|
Designation : |
Director |
|
Address : |
10/201 Mahada Housing Board, Oshiwara, Andheri (West), Mumbai –
400058, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1968 |
|
Qualification : |
D.I.E |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
AAMPM4645B |
|
DIN No.: |
00111148 |
|
|
|
|
Name : |
Mr. Jayesh Manoharlal Shah |
|
Designation : |
Director |
|
Address : |
09/201, 2nd Floor,
Mahada Housing Board, Oshiwara, Andheri (West), Mumbai – 400058,
Maharashtra, India |
|
Date of Birth/Age : |
07.03.1968 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
AAKPS1107Q |
|
DIN No.: |
00111598 |
|
|
|
|
Name : |
Mr. Umesh Navnitlal Shah |
|
Designation : |
Director |
|
Address : |
23, Nupur, 2nd Floor, J. V. P. D. Scheme, Near Gulmohar,
Cross Road No. 4, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1969 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
AAEPS3008A |
|
DIN No.: |
00111751 |
KEY EXECUTIVES
|
Name : |
Mr. Alkesh Wandre |
|
Designation : |
Financial Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Baliram
Sawant |
|
2750000 |
|
Umesh Navnitlal
Shah |
|
2750000 |
|
Ujjwal Arvind
Mhatre |
|
2750000 |
|
Jayesh Manoharlal
Shah |
|
2750000 |
|
|
|
|
|
Total |
|
11000000 |
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 : |
Provider IT Solution Services. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
End Users Ø Eureka Forbes Ø Aditya Birla Ø Ambuja Cements
Limited Ø Unichem Laboratories Limited Ø Ashok Leyland Ø Atlas Copco Ø Bank of America Ø Barclays Ø Blue Star Ø BMC Ø Bosch Ø BSES Ø CDAC Ø Cox and Kings Ø Darashaw Ø Deloitte Ø DHL Ø Essar |
|
|
|
|
No. of Employees : |
1000 (Approximately) |
|
|
|
|
Bankers : |
Citibank N.A., Trent House, 2nd Floor, G Block, Plot No.
C60, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Santosh G. Ghag
and Company Chartered Accountants |
|
Address : |
14/CD, Kakubhai
Manchharam Building, Ground Floor, Zaobawadi, Thakurdwar, Mumbai – 400002,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFPG1909B |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 110.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 110.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
110.000 |
50.000 |
|
(b) Reserves & Surplus |
|
98.274 |
130.154 |
|
(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) |
|
208.274 |
180.154 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(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) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
88.685 |
89.891 |
|
(b) Trade payables |
|
90.748 |
29.404 |
|
(c) Other current liabilities |
|
0.148 |
0.018 |
|
(d) Short-term provisions |
|
1.241 |
6.791 |
|
Total Current
Liabilities (4) |
|
180.822 |
126.104 |
|
|
|
|
|
|
TOTAL |
|
389.096 |
306.258 |
|
|
|
|
|
|
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
17.711 |
16.452 |
|
(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 |
|
1.127 |
0.127 |
|
(c) Deferred tax assets (net) |
|
0.411 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
19.249 |
16.579 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
43.270 |
35.308 |
|
(c) Trade receivables |
|
279.236 |
233.887 |
|
(d) Cash and cash equivalents |
|
4.708 |
3.575 |
|
(e) Short-term loans and advances |
|
42.633 |
16.909 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
369.847 |
289.679 |
|
|
|
|
|
|
TOTAL |
|
389.096 |
306.258 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
17.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
128.044 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
145.544 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
145.544 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
14.741 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.126 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
9.148 |
|
|
Sundry Debtors |
|
|
152.263 |
|
|
Cash & Bank Balances |
|
|
9.120 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
67.276 |
|
Total
Current Assets |
|
|
237.807 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
62.361 |
|
|
Other Current Liabilities |
|
|
6.719 |
|
|
Provisions |
|
|
38.050 |
|
Total
Current Liabilities |
|
|
107.130 |
|
|
Net Current Assets |
|
|
130.677 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
145.544 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
777.680 |
|
|
|
Other Income |
|
|
1.358 |
|
|
|
TOTAL (A) |
|
|
779.038 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
|
|
602.463 |
|
|
|
Administrative expense
|
|
|
98.659 |
|
|
|
Marketing expense |
|
|
21.805 |
|
|
|
TOTAL (B) |
|
|
722.927 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
56.111 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
|
|
1.914 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
54.197 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
2.633 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
51.564 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
18.499 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
33.065 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
|
|
3.150 |
|
|
|
Tax on Dividend |
|
|
0.535 |
|
|
BALANCE CARRIED
TO THE B/S |
|
|
29.380 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
59.45 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1240.000 |
Expected Sales (2013-2014): Rs. 2000.000 Millions
The above information has been parted by Mr. Alkesh Wandre
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
4.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
6.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
20.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.43
|
0.50 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05
|
2.30 |
2.22 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two year |
Yes |
|
12] |
Profitability for last
one year |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
UNSECURED LOANS
(Rs.
In Millions)
|
Unsecured Loans |
As on 31.03.2012 |
As on 31.03.2011 |
|
Short term
borrowing |
|
|
|
Working capital loans from banks |
88.685 |
89.892 |
|
Total |
88.685 |
89.892 |
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10410763 |
26/02/2013 * |
80,000,000.00 |
VASAI VIKAS SAHAKARI BANK LIMITED |
Head Office: Samaj Mandir, Opposite New English High |
B71853246 |
|
2 |
10185603 |
30/03/2012 * |
65,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BAN |
B37043536 |
|
3 |
10111790 |
06/07/2009 * |
8,800,000.00 |
CITI BANK N.A. |
CITI TOWER, 61, DR. S.S. RAO ROAD, PAREL, MUMBAI |
A64917081 |
|
4 |
90141361 |
22/09/2004 |
5,000,000.00 |
CITI BANK |
CITI TOWER, PAREL, MUMBAI, Maharashtra - 400001, INDIA |
- |
|
5 |
90141242 |
12/03/2004 |
5,056,000.00 |
PUNJAB AND MAHARASHTRA CO-OP BANK LIMITED |
264, GURUDWARA BUILDING, SBS MARG FORT, MUMBAI, Maharashtra - 400001, INDIA |
- |
|
6 |
90142979 |
01/11/2002 * |
1,258,000.00 |
PUNJAB AND MAHARASHTRA CO-OP BANK LIMITED |
264, GURUDWARA BUILDING, SBS MARG FORT, MUMBAI, Maharashtra - 400001, INDIA |
- |
|
7 |
90147493 |
07/12/2000 * |
1,258,000.00 |
PUNJAB AND MAHARASHTRA COOP BANK LIMITED |
264, SRS MARG, FORT, MUMBAI, Maharashtra, INDIA |
- |
FIXED ASSETS:
Ø Furniture and Fixture
Ø Computers and Printers
Ø Air Conditioner
Ø Pager
Ø Refrigerator
Ø Mobile
Ø Office Equipment
Ø HP Calculator
Ø Vehicles
Ø EPABX Machine
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. 59.30 |
|
|
1 |
Rs. 91.18 |
|
Euro |
1 |
Rs. 78.71 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
|
30 |
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.