MIRA
INFORM REPORT
|
Report Date : |
18.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
ACE BRAIN SYSTEM AND SOFTWARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 1559, Sadashiv Peth, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.05.1998 |
|
|
|
|
Com. Reg. No.: |
25-012516 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 6.250 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200PN1998PTC012516 |
|
|
|
|
IEC No.: |
3106013885 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCA7232L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer in Acer, HP, IBM, Lenovo, Samsung, Epson and Dell |
|
|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 240000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
delay in receiving payment from government authorities and high debtors lead
to stretched in its liquidity. However, financial performance seems to be satisfactory. Trade
relations are reported to be fair. Business is active. Payments are reported
to be slow but correct. The company can be considered for business dealings with slight
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = B+ |
|
Rating Explanation |
high risk of default |
|
Date |
25.09.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
25.09.2012 |
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. Yogesh Pramod Godbole |
|
Designation : |
Director |
|
Contact No.: |
91-9423005472 |
|
Date : |
17.06.2013 |
LOCATIONS
|
Registered Office : |
No. 1559, Sadashiv Peth, Tilak Road, Opposite Hotel Suryah, Pune –
411030, Maharashtra, India |
|
Tel. No.: |
91-20-65605060/1/2/3/4 |
|
Mobile No.: |
91-9423005472 (Mr. Yogesh Pramod Godbole) |
|
Fax No.: |
91-20-24329730 / 1 / 2 / 24335871 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1250 Sq. ft |
|
Location : |
Rented |
|
|
|
|
Head Office : |
Office No. 10 to 14, 2nd Floor, Bhakti Plaza, Near Bremen Circle, Aundh, Pune - 411 007. Maharashtra, India |
|
Tel. No.: |
91-20-64019348 / 64010058 |
|
Fax No.: |
91-20-24329732 |
|
|
|
|
Warehouse : |
Rose Wood Park, RH 8, Near BSNL Telephone Exchange, Pune Neagar Road,
Wagholi, Pune– 412207, Maharashtra, India
|
|
Fax No.: |
91-20-24329732 |
|
E-Mail : |
|
|
Area : |
1300 Sq. ft |
|
Location : |
Rented |
|
|
|
|
Sales Office: |
5407, Maverick Point Lane, Katy, Texas – 77494, USA. |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Yogesh Pramod Godbole |
|
Designation : |
Director |
|
Address : |
F No. 202 Vidyashree Apartments, Surve No. 31, Dhankwadi, Pune –
411043, |
|
Date of Birth/Age : |
18.03.1969 |
|
Qualification : |
B.E. |
|
Experience : |
22 Years |
|
Date of Appointment : |
19.05.1998 |
|
DIN No.: |
00018746 |
|
|
|
|
Name : |
Mr. Sarang Yashwant Satarkar |
|
Designation : |
Director |
|
Address : |
501, Cordia, Nyati Estate, Mohmmadwadi, Pune – 411028, Maharashtra,
India |
|
Date of Birth/Age : |
17.07.1970 |
|
Qualification : |
B.E. |
|
Experience : |
22 Years |
|
Date of Appointment : |
19.05.1998 |
|
DIN No.: |
00018732 |
|
|
|
|
Name : |
Mr. Sandeep Madhav Bendigiri |
|
Designation : |
Director |
|
Address : |
Siddhivinayak, Nyati Highland 2, Mohmmadwadi, Pune - 411028,
Maharashtra, India |
|
Date of Birth/Age : |
12.04.1968 |
|
Qualification : |
B.C.S. |
|
Experience : |
22 Years |
|
Date of Appointment : |
19.05.1998 |
|
DIN No.: |
00026177 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Yogesh Pramod Godbole |
|
208500 |
|
Sarang Yashwant Satarkar |
|
208500 |
|
Sandeep Madhav Bendigiri |
|
208500 |
|
Total |
|
625500 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer in Acer, HP, IBM, Lenovo, Samsung, Epson and Dell |
|
|
|
|
Terms : |
|
|
Selling : |
L/C / Cash / Credit |
|
|
|
|
Purchasing : |
L/C / Cash / Credit |
GENERAL INFORMATION
|
Customers : |
Government and Education Department. |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
80 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· State Bank of India, 1548 A, Commercial Branch,, Sadashiv Peth, Tilak Road,, Pune - 411030, Maharashtra, India · Central Bank of India, Jodhenagar Branch, Pune, Maharashtra, India · ICICI Bank Limited · Standard Chartered Bank Limited · Axis Bank Limited · Vishweshwar Bank |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M.N. Devi and Associates Chartered Accountants |
|
Address : |
'A' 101 and 102,Shreenath Plaza, Dnyaneshwar Paduka Chowk,
Shivajinagar, Pune – 411005, Maharashtra, India |
|
Tel. No.: |
91-20-25513735 |
|
E-Mail : |
|
|
PAN.: |
AAAAM5961F |
|
|
|
|
Subsidiaries : |
Ace Brain Technologies Private Limited CIN No.:
U72200PN2007PTC130242 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
625000 |
Equity Shares |
Rs.10/- each |
Rs.6.250
Millions |
|
|
|
|
|
Notes
1 The Company has only one class of equity shares. The holders of equity shares are entitled to receive dividend as declared from time to time and are entitled to one vote per share.
2 In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the comp after distribution of all preferential dues. The distribution will be in proportion to the number of equity shares held by the share
Particulars of equity
share holders holding more than 5% of the total number of equity share capital:
|
Particular |
No. of Share |
Rs. In Millions |
|
Mr. Godbole Pramod Yogesh |
208500 |
2.085 |
|
Mr. Satarkar Yashwant Sarang |
208250 |
2.083 |
|
Mr. Bendigiri Madhav Sandeep |
208250 |
2.083 |
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 |
|
6.250 |
6.250 |
|
(b) Reserves & Surplus |
|
54.649 |
10.845 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
17.167 |
8.306 |
|
(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 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
128.310 |
132.401 |
|
(c) Other current liabilities |
|
4.069 |
2.864 |
|
(d) Short-term provisions |
|
37.397 |
35.166 |
|
TOTAL |
|
247.842 |
195.832 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
9.107 |
2.466 |
|
(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 |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.234 |
0.707 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
2.635 |
2.635 |
|
(b) Inventories |
|
9.214 |
4.525 |
|
(c) Trade receivables |
|
189.616 |
160.967 |
|
(d) Cash and cash equivalents |
|
3.577 |
0.838 |
|
(e) Short-term loans and advances |
|
3.975 |
4.724 |
|
(f) Other current assets |
|
29.484 |
18.970 |
|
TOTAL |
|
247.842 |
195.832 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
6.250 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
8.559 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
14.809 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
5.587 |
|
|
2] Unsecured Loans |
|
|
4.484 |
|
|
TOTAL BORROWING |
|
|
10.071 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
24.880 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.415 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
2.635 |
|
|
DEFERREX TAX ASSETS |
|
|
0.641 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
6.212 |
|
|
Sundry Debtors |
|
|
55.740 |
|
|
Cash & Bank Balances |
|
|
1.581 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
23.041 |
|
Total
Current Assets |
|
|
86.574 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
36.598 |
|
|
Other Current Liabilities |
|
|
5.147 |
|
|
Provisions |
|
|
25.640 |
|
Total
Current Liabilities |
|
|
67.385 |
|
|
Net Current Assets |
|
|
19.189 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
24.880 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
607.581 |
193.942 |
260.258 |
|
|
|
Other Income |
0.000 |
0.000 |
3.024 |
|
|
|
TOTAL (A) |
607.581 |
193.942 |
263.282 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
496.903 |
146.896 |
|
|
|
|
Employee Benefit Expenses |
21.152 |
7.488 |
255.978 |
|
|
|
Other Expenses |
68.177 |
32.305 |
|
|
|
|
TOTAL (B) |
586.232 |
186.689 |
255.978 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
21.349 |
7.253 |
7.304 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.590 |
2.995 |
3.677 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.759 |
4.258 |
3.627 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.782 |
0.663 |
0.468 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
13.977 |
3.595 |
3.159 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.473 |
1.309 |
0.903 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
13.504 |
2.286 |
2.256 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
10.560 |
8.274 |
5.973 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
NA |
0.000 |
(0.045) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
10.560 |
8.274 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.00 |
5.75 |
NA |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover |
|
|
400.000 |
The above information has been parted by Mr. Yogesh Pramod Godbole.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.22
|
1.18 |
0.56 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.30
|
1.85 |
1.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.68
|
1.84 |
3.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.21 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.28
|
0.49 |
0.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40
|
1.13 |
1.28 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
To Micro, Small and Medium Enterprises |
-- |
-- |
-- |
|
Others |
128.310 |
132.401 |
36.598 |
|
Total |
128.310 |
132.401 |
36.598 |
|
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
OPERATIONS
The Company earned an income of Rs. 607.582 Millions as against Rs.193.942 Millions during the previous year.
CONTINGENT LIABILITIES
AND COMMITMENTS: (TO THE EXTENT NOT PROVIDED FOR)
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
|
Contingent Liabilities: |
|
|
|
Guarantees State Bank of India |
2.359 |
0.000 |
The management believes, based on internal assessment and / or legal advice, that the probability of an ultimate adverse decision and outflow of resources of the Company is not probable and accordingly, no provision for the same is considered necessary.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long term
Borrowings |
|
|
|
Term Loans - from Banks |
|
|
|
HDFC Bank Loan |
0.000 |
1.029 |
|
Easyaccess Financial services Limited |
12.209 |
0.000 |
|
Total |
12.209 |
1.029 |
FIXED ASSETS
· Furniture and Fixtures
· Electrical Installation
· Vehicles
· Office equipment
· Air Conditioner
· Epabx, Fax, Telephone
· Purit Water Filter
· Water Cooler
· Refrigerator
· Computers
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.57.73 |
|
|
1 |
Rs.90.61 |
|
Euro |
1 |
Rs.76.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.